The Business Times, 7 July 2010
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2010-07-07
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The Business Times
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Title Section23 2010-07-07 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, July 7,201023 words
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Article, Illustration557 2010-07-07 1 CHUANG PECK MING - Minister sketches out response to a tight labour market By CHUANG PECK MING [SINGAPORE] WHEN the property market heated up recently, the government took steps to cool it. But don’t expect the authorities to let in more foreign workers to ease theARTHUR LEE - 557 words
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815 2010-07-07 1 WINSTON CHAI - Banks strive to keep downtime below one hour a year; DBS braces for backlash By WINSTON CHAI [SINGAPORE] As the inquest into the breakdown of DBS Bank’s network continues, it appears that the bank’s showing fell short of the reliability benchmarks laid out by815 words
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Article143 2010-07-07 1 ?ST INDEX 2,868.02 (+24.00) ?ST INDEX FUTURES 2,868 (+24) ?SIMSCI 340.41 (+2.32) ?SIMSCI FUTURES 341.00 (+3.00) FOREX US$ S$ US$ (S$ per US$) 1.389 (US$/S$ per 1.520 2.111 EURO (US$/S$/E) 1.260 1.749 Foreign currency per US$ S$ YEN 87.90 63.30 RM 3.206 2.309 HK$ 7.790 5.610 BAHT 32.42143 words
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Advertisement305 2010-07-07 1 OPINION Fossilised thinking more harmful than fossil fuels PAGE 25 CFO’S ROLE Financial crisis boosts CFO standing: E&Y PAGE 21 EXECUTIVE MONEY A balancing act PAGE 34 HOCK LOCK SIEW DBS’s IT fiasco: a delayed baptism of fire for Gupta PAGE 5 hmw m ,r < SlawIS :v 'J rJ305 words
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TOP STORIES
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Article495 2010-07-07 2 DBS may count cost of downtime nightmare AS the inquest into the breakdown of DBS Bank’s network continues, it appears that the bank’s showing fell short of the reliability benchmarks laid out by the Monetary Authority of Singapore. FRONT PAGE Best bet is productivity, not more foreign labour495 words
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Article, Illustration674 2010-07-07 2 LEE U-WEN - Almost $260m of this will go to local companies by way of tenders, contracts By LEE U-WEN [SINGAPORE] The government has projected that the cost of hosting next month’s inaugural Youth Olympic Games (YOG) will touch $387 million more than three timesFILE PHOTO - 674 words
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Article, Illustration629 2010-07-07 2 EMILYN YAP - By EMILYN YAP [SINGAPORE] Parkway Holdings’ nominating committee (NC) has deemed vice-chairman Richard Seow unfit for the role of independent director, given his agreement with majority shareholder Fortis Healthcare. The NC was unaware of the details of the agreement until they were disclosed in a629 words
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470 2010-07-07 2 Bloomberg [HONG KONG] Agricultural Bank of China Ltd (AgBank) is raising US$19.2 billion in an initial public offering (IPO) after setting a final price for shares on sale in Hong Kong and Shanghai, said five people with knowledge of the matter. China’sBloomberg - 470 words
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Article, Illustration563 2010-07-07 4 RONNIE LIM - Improved economic activity in S’pore reason for pick-up in demand By RONNIE LIM [SINGAPORE] Electricity demand in Singapore continued to climb strongly in the second quarter reflecting the pick-up in economic activity here, just-released Energy Market Company data showed explaining the spate of plannedFILE PHOTO - 563 words
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574 2010-07-07 4 S JAYASANKARAN - By S JAYASANKARAN THROUGH representations in the High Court of Malaya yesterday, lawyers acting for Primus Pacific Partners may have effectively halted a takeover bid by Hong Leong Bank (HLB) for EON Capital. Primus, a 20.2 per cent shareholder of EON Capital, is574 words
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Article, Illustration563 2010-07-07 4 Bloomberg [SYDNEY] The Reserve Bank of Australia signalled it’s prepared to refrain from further interest-rate increases in coming months as signs mount that economies around the world will slow. Central bank governor Glenn Stevens yesterday kept the benchmark cash rate at 4.5 perBloomberg; REUTERS - 563 words
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675 2010-07-07 4 CHUANG PECK MING - MHA says two others get Restriction Order By CHUANG PECK MING [SINGAPORE] The government has detained, under the Internal Security Act (ISA), a full-time Singapore Armed Forces national serviceman with links to Muslim radicals and a militant. The Ministry of Home Affairs (MHA), which announced675 words
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Advertisement119 2010-07-07 2 s,E Public Lecture Series 2010 '.QUALITY CLASS for Private Education Organisations The Future of Shopping in Singapore; People, Passion and Profit Presented by: Professor Philip Pearce BA, DipEd(Adel), DPhil(Oxf) Foundation Professor of Tourism James Cook University Australia Free Admission Light refreshments will be served RSVP to Ms Laiza Ma I119 words
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Advertisement155 2010-07-07 3 sfes: n il M I 0 t w When boundaries are pushed... When you are free to express yourself... When living zones are redefined... New high floor loft apartments for sale A prime investment opportunity Attractive prices from $1,650 psf Call *****000 or visit our showflats at 83 Cairnhill Road155 words
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Advertisement210 2010-07-07 4 For The First Time In Asia Malcolm Gladwel I International Best Selling Author of 'The Tipping Point (2000)', 'Blink (2005)' and 'Outliers (2008)' One of 100 Most Influential People Time Magazine 2005 One of 100 Top Global Thinkers Foreign Policy Magazine 2009 CRITICAL INGREDIENTS TO UNLIMITED SUCCESS 20 August 2010,210 words
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COMPANY NEWS
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506 2010-07-07 5 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN UNDER guidelines for Singapore banks on Internet banking and technology risk management, it is noted that “users of Internet banking services expect to be able to access the online systems 24 hours every506 words
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276 2010-07-07 5 KALPANA RASHIWALA - By KALPANA RASHIWALA SINGAPORE-listed Hotel Grand Central has signed conditional agreements to buy an Australian hotel and its business for A$47 million (S$55.1 million). The price for the Courtyard by Marriott Surfers Paradise, Queensland, works out to about A$116,000 per276 words
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COMPANY NEWS
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52 2010-07-07 5 RIVERSTONE Holdings said that the US District Court Northern District of Georgia has dismissed the suit between Tillotson and some defendants including its Malaysian unit, Riverstone Resources Sdn Bhd. Parties involved are to bear their own costs and lawyer’s fees. Riverstone is a maker of52 words
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Article68 2010-07-07 5 UNIONMET (Singapore) yesterday reported narrower losses for the second quarter ended May 31 compared to a year ago. Net loss for the quarter was US$37,000 against a net loss of US$1.93 million a year ago. Revenue grew strongly to US$7.45 million, up from US$1.61 million68 words
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Article136 2010-07-07 5 SUNMART Holdings, which is proposing a dual listing on the KOSDAQ Market of the Korea Exchange (KRX), has postponed an extraordinary general meeting (EGM) scheduled for July 15 which was to have been held to approve the dual listing and other matters. The postponement is136 words
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51 2010-07-07 5 TRANSCU Group has asked for the suspension of trading in its shares from 9am today. It said last night that it is in discussions on a rights issue and/or placement to fund research and development, other business operating costs, and to “address its current liquidity51 words
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453 2010-07-07 5 CHEW XIANG - Wilmar to kickstart sugar cultivation at Indonesia site By CHEW XIANG WILMAR International bought Australia’s Sucrogen to kickstart sugar cultivation in Indonesia, where it has secured a 200,000ha concession in Irian Jaya, chief executive officer Kuok Khoon Hong said yesterday. Wilmar bought Sucrogen in453 words
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Article, Illustration664 2010-07-07 6 It has been expanding into energy, commodities and agriculture Reuters SINGAPORE wealth fund Temasek Holdings is expected to show the extent of its portfolio shift towards the resources sector and may provide clues about leadership changes when unveiling its annual reportReuters; FILE PHOTO - 664 words
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298 2010-07-07 10 RACHEL SIM - Smart has hired 2 certification bodies to verify claims of unsustainable deforestation By RACHEL SIM THE battle between Golden Agri-Resour-ces and Greenpeace over the conservation group’s allegations that the company has continued to carry out what it regarded as unsustainable deforestation has yet to see298 words
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236 2010-07-07 10 NICHOLAS YEO - By NICHOLAS YEO ETIKA International Holdings has agreed to acquire two Indonesian companies PT Sentrafood Indonusa (PTSF) and PT Sentraboga Intiselera (PTSB) for $2.9 million. PTSF and PTSB are involved in the manufacture and distribution of the Salamie and Cintamie in- stant noodle brands.236 words
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Article, Illustration348 2010-07-07 10 GLENN CHEE - They cover mall directions, property, and product prices By GLENN CHEE SINGAPORE Telecommunications launched three mobile applications yesterday that could make shopping in Singapore more convenient for consumers on the move. The three applications, Go! Shopping, Property Buddy, and Price Pal, were348 words
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Advertisement678 2010-07-07 6 JJASONMARINEGROUPLIMITED Compan RegistrationNo *****6601W (Incorporated theRepublicofSingapore) NOTICEOFANNUALGENERALMEETING NOTICE HEREBYGIVEN thattheAnnualGeneralMeetingof asonMarineGroupLimited(the“Company”)willbeheldat194 andan LLoop#06-05 antechBusinessHubSingapor *****3 Frida 23 uly2010at11:00a.m. ansacttheollowingbusiness: ORDINAR USINESS .1 1. TToo rreceiv andadoptthe uditedFinancial atements orthe inancial earended31March2010andtheRepor oftheDir ctors andthe uditorsthereon. (Resolution1) .2 2. TToo appr theDirectors’eesofS$68,750.00 orthe inancial earended31March2010. (Resolution2) .3 3. TToo rre-electthe ollowingDirectors678 words
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Advertisement271 2010-07-07 7 Best Available Rates Featured Promotions Partnership Programmes Exclusive Member Deals Australia Bahrain Belgium China France Georgia Germar India Search Results: Australia > Sydney Somerset Darling Harbour, Sydney ia Germany India Indonesia I Japan Kazakhstan Korea, South Malaysia Philippines Qatar Russia Singapore m M w MM i Spain Thailand United Arab271 words
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SINGAPORE MARKETS
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Article, Illustration602 2010-07-07 8 LYNETTE KHOO - Index rises almost one per cent, in line with regional markets’ upbeat performance STOCKS LYNETTE KHOO Correspondent SINGAPORE’S stock market enjoyed a lift yesterday as investors, inspired by the rise in Asian markets, went on a hunt for bargain stocks. Despite jittery trading in theSource: Bloomberg - 602 words
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Article66 2010-07-07 8 Jul 6 VALUE CLOSE BT OB/OS -275.00 +272.0 BT CADI -*****.00 +174.0 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 693.44 +4.86 FTSE ST Small Cap 523.30 +6.36 FTSE ST All Share 706.26 +5.92 FTSE ST China Top 259.22 +2.86 FTSE ST China 284.36 +3.39 FTSE66 words
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Article60 2010-07-07 8 VOLUME Genting SP 102,503,000 Golden Agri 62,277,000 Healthway 46,698,000 Noble Grp 33,109,000 Bund Center Inv 29,735,000 TopGlobal 28,004,000 Z-Obee Hldgs 23,173,000 Ban Joo 21,398,000 Asia Food&Prop 19,553,000 Cosco Corp 18,650,000 VALUE($) Genting SP 118,786,370 UOB 64,857,540 Noble Grp 56,676,430 Wilmar 49,332,773 DBS Grp 49,100,900 Keppel Corp 48,574,63060 words
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Article186 2010-07-07 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 5 0 0 0 8 3 5 Manufacturing 74 24 67 5 3 11 79 27 78 Commerce 21 10 20 3 0 3 24 10 23 Tpt/Stor/Comms 22 3 10186 words
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BROKERS’ TAKE
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Article, Illustration254 2010-07-07 8 July 6 close: S$4.16 CIMB Research, July 6 SEMBCORP Industries (SCI) announced that Cascal has withdrawn its previous recommendation that its stockholders reject the tender offer by SCI and instead expresses no opinion and remains neutral on the offer. The tender offer will expire on July 8 andSource: Bloomberg - 254 words
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Article235 2010-07-07 8 July 6 close: S$5.95 Citi Investment Research, July 5 WILMAR is buying Sucrogen Ltd (CSR’s sugar renewable energy business) for A$1.75 billion (S$2.07 billion). Sucrogen has exposure across the sugar value chain. It is the largest Australian raw sugar producer and second largest exporter of raw sugar globally,235 words
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Article419 2010-07-07 8 LYNETTE KHOO - Compiled by LYNETTE KHOO Swing July 6 close: S$0.05 DMG Partners Securities, July 6 FY10 results were better than forecasted, with outlook remaining bullish. Optical media manufacturer Swing Media saw sales improve 25.7 per cent to HK$798 million (S$142 million), while net profit appreciated 13.3 per cent to419 words
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Article121 2010-07-07 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,620 36,620 77,508 77,508 Manufacturing 231,270 4,112 235,382 218,146 228 218,374 Commerce 103,893 6,531 110,424 108,992 2,300 111,292 Tpt/Stor/Comms 88,138 58 88,196 171,452 8 171,460 Finance 15,913 10 15,923 166,883 1 166,884 Construction 14,185 42,314121 words
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Article112 2010-07-07 8 Stock name Close Change CapMallsAsia 2.060 +0.010 CapitaLand 3.630 +0.020 CapitaMall 1.950 +0.020 CityDev 11.120 +0.060 ComfortDelGro 1.450 DBS Grp 13.960 +0.060 F&N 5.200 +0.200 Genting SP 1.170 +0.020 Golden Agri 0.535 +0.005 HK Land 4.920 +0.060 JMH 37.300 +0.860 JSH 21.580 +0.220 Jardine C&C 30.740112 words
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Article, Illustration480 2010-07-07 8 Australia euro rise with risk appetite CURRENCIES Reuters [NEW YORK] The Australian dollar rallied yesterday after an upbeat assessment of the global economy by the Reserve Bank of Australia (RBA) spurred appetite for high-yielding currencies, while rising risk demand also helped boost the euro. This put the dollar under broadReuters; AFP - 480 words
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Article114 2010-07-07 8 BY CENTS CLOSE UP JMH 3730 119.4 2.4 DBXT MSTaiwan 10US$ 1502 40.3 2.0 Lyxor China H 10US$ 1463 36.1 1.8 JSH 2158 30.5 1.0 DBXT CSI300 10US$ 818 29.2 2.6 F&N 520 20.0 4.0 Pru 500US$ 756 19.4 1.9 IS MSCI India 100 693 18.1 1.9 DBXT MSINDO114 words
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Article128 2010-07-07 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4228-145.8 -2.4 DBXT S&P Short 10US$ 5661 -79.1 -1.0 DBXT MSBrazil 10US$ 600 -68.0 -7.6 Lyxor EmergingMkts 1 940 -38.9 -2.9 DairyFarm 715 -23.6 -2.3 DBXT MSEmer 10US$ 345 -15.3 -3.1 Lyxor Apex50 10US$ 359 -13.9 -2.7 Lyxor Nasdaq100 10US 689 -12.5128 words
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Advertisement21 2010-07-07 8 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg21 words
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Advertisement100 2010-07-07 9 A world class production State-of-the-art FPSO for Brazil’s Peregrino field Keppel Shipyard and Maersk FPSOs celebrate the naming of a Floating Production Storage and Offloading (FPSO) vessel, Maersk Peregrino, on 3 July 2010. Customised to handle the heavy crude oil of Brazil’s Peregrino field, the vessel is another milestone project100 words
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Advertisement2030 2010-07-07 10 FABCHEM CHINA LIMITED (Incorporated in the Republic of Singapore on 12 October 2004) (Company Registration Number: *****3128G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FABCHEM CHINA LIMITED will be held at 39 Fishery Port Road, Jurong, Singapore *****5 on Thursday, 22 July2,030 words
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Advertisement52 2010-07-07 10 Conserved shophouses with 6-storey new extension in historic location 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber Flooring STRATA OFFICES FOR SALE LIMITED UNITS Exclusive Marketing Agents 9699 6659 Jeannie 9223 9317 Patrick Developer Hong How Investments Pte Ltd A Hong How52 words
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SINGAPORE NEWS
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483 2010-07-07 11 RONNIE LIM - Firm to recommend Queensland Curtis project for approval later this year By RONNIE LIM SINGAPORE’S appointed LNG buyer, BG Group, which has just secured its first non-power customer an oil refining and petrochemicals operator here is talking with a number of483 words
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Article, Illustration327 2010-07-07 11 SINGAPORE'S best-known athlete, former sprinter C Kunalan will spearhead the Sports Alumni, a newly formed association for ex-state sporting representatives and other illustrious names from the sporting world next month onwards. Mr Kunalan told BT that his role as senior manager is to enhanceARTHUR LEE - 327 words
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237 2010-07-07 11 THE Land Transport Authority (LTA) and traffic police intensified enforcement against errant lorry drivers for two weeks from June 22 to July 6. Tan Hiok Seng, LTA’s director of enforcement and investigations, said: “LTA takes a serious view of those who continue to237 words
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476 2010-07-07 12 TEH SHI NING - FTA between EU and Singapore could be signed early next year: official By TEH SHI NING TRADE between the European Union and Singapore is expected to increase this year despite worries over the impact of Europe’s debt woes, head of the EU476 words
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Article, Illustration527 2010-07-07 12 KALPANA RASHIWALA - By KALPANA RASHIWALA AT least two new condos are expected to be released this week 368 Thomson and The Terrene Bukit Timah. UOL Group and LaSalle Investment Management are jointly developing The Terrene on the former Rainbow Gardens site in the527 words
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335 2010-07-07 12 FELDA CHAY - By FELDA CHAY MOST companies here expect business to keep growing for the rest of the year despite headwinds from the world’s largest economies, according to a survey by recruitment firm Ambition. About nine out of 10 of 445 Singa-pore-based executives surveyed335 words
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Advertisement399 2010-07-07 11 YOUR U.S. TRADING DESERVES BETTER. 1 PAY LESS: Enjoy Low Commission at US$9.99 per trade* GET MORE: New Upgrades of Power E*TRADE Pro Fully redesigned active trading platform in 2010 Useful Order Types for Risk Management Streaming Options Analytics Nasdaq Total View Free Research Reports Market News US$200 Commission Rebate399 words
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Advertisement310 2010-07-07 12 ALMA1 Beijing Seoul Kuala Lumpur Bangkok Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways310 words
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SERVICE INNOVATION
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Article, Illustration1430 2010-07-07 13 TEH SHI NING - Service innovation is shifting from focusing on products to centre on customers, reports TEH SHI NING TEH SHI NING THE service innovation strategies employed by businesses are shifting from a focus on products, to centre on customers instead, say marketing academics. But converts to the customer drivenFILE PHOTO - 1,430 words
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317 2010-07-07 13 TEH SHI NING - By TEH SHI NING CUSTOMER-DRIVEN innovation will be one of several approaches discussed at the Global Conference on Service Excellence later this month. Among the international speakers engaged for the conference are V Kumar of Georgia State University’s Robinson College of Business, and Lluis Martinez-Ribes of317 words
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Advertisement338 2010-07-07 13 DATE INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY 21 July: Master Class 22 July: Plenary Sessions VENUE Singapore Management University Administration Building 81 Victoria Street Singapore *****5 WHO SHOULD ATTEND CEOs, COOs, ClOs, MDs, GMs, key decision makers FEE MasterCiass: S $1,000 Plenary Sessions: S $500 Fees are inclusive of338 words
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ECONOMY WATCH
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Article, Illustration468 2010-07-07 14 Hiring up less than expected, consumer confidence plunges, home purchases fall LATEST US DATA Bloomberg [WASHINGTON] Service industries in the United States expanded in June at a slower pace than forecast, indicating the economy was beginning to cool entering the second half.Bloomberg; AFP - 468 words
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Article, Illustration489 2010-07-07 14 A$ edges up in an apparent reprieve for the currency Reuters [SYDNEY] Australia’s trade surplus swelled to the third highest on record in May as exports of gold, wheat and coal all surged, a dramatic turnaround that should help insulate domestic growth fromReuters; REUTERS - 489 words
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383 2010-07-07 14 AFP [SEOUL] North Korea’s economy is expected to continue shrinking this year after South Korea cut off most trade in protest at the sinking of a warship, a report said yesterday. “The North is very likely to see its economy shrink this year,” saidAFP - 383 words
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Advertisement2134 2010-07-07 14 WATS NOTICES BUY IT-SELL IT-FIND IT ENERSAVE CHINA ENERSAVE LIMITED (Incorporated in the Republic of Singapore) (Regn No. *****6776D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twelve Annual General Meeting of the Company will be held on 23 July 2010 at 2.45 p.m. at Raffles Corporate2,134 words
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MALAYSIA/INDONESIA
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Article, Illustration632 2010-07-07 15 PAULINE NG - Residents, politicians oppose govt plan to redevelop 110 years old settlement in KL By Kuala PAULINE NG in Kuala Lumpur THE enormous potential of the enclave notwithstanding, the proposed redevelopment of a Malay settlement located in the shadows of the Petronas Twin Towers in KualaTHE STRAITS TIMES FILE PHOTO - 632 words
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522 2010-07-07 15 Reuters [JAKARTA] Greenpeace yesterday levelled new accusations of rainforest destruction against Indonesian agribusiness giant Sinar Mas and urged retailers Carrefour and Walmart to stop buying their products. Several top palm oil buyers, including Unilever and Nestle, have said they will stop buying from SinarReuters - 522 words
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319 2010-07-07 15 Bernama [KUALA LUMPUR] The 2011 Budget, which will be tabled on Oct 15, will set the pace to transform Malaysia into a developed and high-income economy by 2020, said Prime Minister Najib Razak. “This will be achieved through the four pillars of nationalBernama - 319 words
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260 2010-07-07 15 Reuters [KUALA LUMPUR] Malaysia’s central bank may raise rates for the third time in five months after strong economic growth in the first half, but it could be a close call, with many analysts believing it will keep rates on holdReuters - 260 words
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Advertisement1819 2010-07-07 15 OFFICE SPACE FOR LEASE New office space 1010 sqm overlooking waterfront Warehouse space available (if required) Located in Loyang Offshore Base HALLIN CORPORATE SERVICES PTE LTD For enquires, please contact Linda 6546 0341 or email linda.a@hallin.com.sg THE THINK ENVIRONMENTAL CO LTD (the “Company”) (incorporated in Bermuda) NOTICE OF ANNUAL GENERAL1,819 words
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CHINA/INDIA
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418 2010-07-07 16 Safe says it skirted heavy losses during the global crisis; sees stable returns Reuters [BEIJING] The managers of China’s hoard of currency reserves defended their investment record yesterday, saying that they had avoided big losses during the global crisis and voicing confidence they couldReuters - 418 words
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292 2010-07-07 16 Reuters AFP [NEW DELHI] India’s annual monsoon rains, a key factor that drives its economy, have covered the vast country after a sluggish spell, a top weather official said yesterday, boosting the outlook for farm products and rural income. “The monsoonReuters; AFP - 292 words
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292 2010-07-07 16 AFP [SHANGHAI] China is on track to become the world’s biggest initial public offering (IPO) market this year in terms of both the number of new listings and funds raised, according to business advisers PricewaterhouseCoopers (PwC). The total numberAFP - 292 words
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Advertisement3596 2010-07-07 16 :*AT^ BUY IT-SELL IT- F NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BPC RISK MANAGEMENT SERVICES PTE. LTD. (In Members’Voluntary Liquidation) CO. REG. NO. *****8163R Extract of the Minutes of an Extraordinary General Meeting of BPC RISK3,596 words
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Advertisement945 2010-07-07 16 NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg WESTECH ELECTRONICS LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0445D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Westech Electronics Limited (the “Company”) will be held at 10 Ubi945 words
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Advertisement27 2010-07-07 17 WE WERE THERE WHEN SINGAPORE GREETED THE FIRST INTERNATIONAL TRADERS. WE WERE THERE WHEN SINGAPORE ENTERED THE INDUSTRIAL REVOLUTION. WE WERE THERE CONTRIBUTING TO SINGAPORE'S ECONOMIC TRANSFORMATION27 words
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Advertisement433 2010-07-07 18/19 OCEAN FINANCIAL CENTRE WE WELCOME A NEW BUSINESS ERA. S55 org. A ii 2010 Ss! Si Ff:is:. ly'.H i S! as liaise Sis i I OCEAN FINANCIAL CENTRE. as sas ■■•2 liS& ■•222 Minn >:•: RaB2BS!*q SI m&ssphiv Ul; Miuiwg&Pi'ini »j'li 1 iiSiiilftl 2§ ■•£22 ■•22 SISIlii i m I433 words
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Advertisement303 2010-07-07 20 W mm A J0* 'li z «Sg§??5 j iiflB Ml rt ■r~~ AV ■..< OCEAN FINANCIAL CENTRE IN i: r f* Ocean Financial Centre is leading the way towards a sustainable future. The building of the future will house advanced eco technologies that will achieve overall energy savings of 35%303 words
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ASIA-PACIFIC
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568 2010-07-07 21 MICHELLE QUAH - Shift in perception of finance function to an enabling partner to business By MICHELLE QUAH [SINGAPORE] The global financial crisis has boosted the standing of chief financial officers (CFOs) around the world, creating an unprecedented demand for the financial expertise of such professionals, says568 words
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Article, Illustration504 2010-07-07 21 June current-account surplus to increase to US$3.8b: Seoul AFP Bloomberg [SEOUL] The International Monetary Fund (IMF) yesterday raised its growth forecast for South Korea for this year to 5.75 per cent, pointing to an impressive recovery from the global crisis. Asia’s fourth-largestAFP; Bloomberg; BLOOMBERG - 504 words
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409 2010-07-07 21 AFP [WELLINGTON] New Zealand’s ex-port-led recovery may be stalling, according to a business-confidence survey released yesterday. The New Zealand Institute of Economic Research’s (NZIER) quarterly survey of business opinion found renewed weakness in manufacturing, construction and investment intentions in the June quarter. Small firms,AFP - 409 words
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394 2010-07-07 21 Reuters [MANILA] Philippine inflation unexpectedly slowed to a seven-month low in June, reinforcing expectations a week before a central bank review that the key policy rate will be held at a record low at least until the fourth quarter. The Philippines, which importsReuters - 394 words
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Advertisement2068 2010-07-07 21 THE STYLE MERCHANTS LIMITED (Company Registration Number: *****) (Incorporated in Bermuda on 24 January 2000) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of THE STYLE MERCHANTS LIMITED (Formerly known as NeteLusion Limited) (the “Company”) will be held at Function room: Tanglin 1, Level2,068 words
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WORLD
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Article, Illustration595 2010-07-07 22 But a clampdown on govt spending may plunge it back into recession, it warns Reuters [LONDON] Britain’s services sector enjoyed its strongest growth for two years over the past three months and manufacturing grew strongly, but tougher times may be ahead as firmsReuters; REUTERS - 595 words
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Article, Illustration634 2010-07-07 22 AFP [PARIS] President Nicolas Sarkozy was directly linked for the first time to L’Oreal heiress Liliane Bettencourt’s murky finances yesterday, with claims that his presidential campaign received 150,000 euros (S$262,000) in cash. An aide to Mr Sarkozy dismissed the latest reports as “totallyAFP - 634 words
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Advertisement64 2010-07-07 22 Do you know this logo? L J 1 A 1 I I I b in cash! Simply logon to WWW.doyOllknOW.Sg and tell us which directories this logo belongs to and be in the draw to win $100,000, $15,000 worth of multimedia products, as well as one of many weekly attractive64 words
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WORLD CUP
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Article, Illustration663 2010-07-07 23 LEE U-WEN - But Spanish striker Villa is seeking to break Gonzalez’s goal record of 44 SEMI-FINAL PREVIEW By LEE U-WEN MOST football purists would agree that a meeting between Germany and Spain would grace any major final. The two European giants did exactly that two yearsPHOTOS: REUTERS, AFP - 663 words
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Article, Illustration329 2010-07-07 23 AFP [BERLIN] The cries of despair from all around Germany could probably be heard in South Africa as a “psychic” octopus named Paul tipped Spain to beat Germany in tonight’s football World Cup semi-final. The eight-legged oracle who has accurately predictedAFP - 329 words
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536 2010-07-07 23 CHU SINGFAT - Perceived benefits for ‘home’ teams fade from Q-finals By CHU SINGFAT The writer is Associate Professor of Business Analytics at the National University of Singapore Business School. He has published articles using World Cup data to illustrate fundamental concepts (and misconceptions) in statistics SINCE536 words
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Page 23 Advertisements
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Advertisement144 2010-07-07 23 A STAR ALLIANCE MEMBER Singapore to Europe from SG$ 1188* Amsterdam Hamburg Moscow Barcelona Bologna Athens Madrid Istanbul Munich Zurich Paris Vienna Dusseldorf Stockholm Manchester k Free accomodation or free city sightseeing tour in Istanbul. Turkish Airlines takes you to more than 60 cities in Europe and over 160 cities144 words
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EDITORIAL & OPINION
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471 2010-07-07 24 EDITORIAL JAPAN’S Prime Minister Naoto Kan sees himself as pragmatic and decisive compared to his predecessor Yukio Hatoyama who was politically more ideological. This difference is manifesting itself in relations between government and business which appear to be warming as Mr Kan makes concessions471 words
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Article, Illustration771 2010-07-07 24 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ONLY a week after Taiwan signed the equivalent of a free trade agreement (FTA) with China, the impact is already being felt across the region. A771 words
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Article, Illustration1107 2010-07-07 24 RONALD I MCKINNON - US should work towards closing its huge fiscal deficits and encouraging personal saving By RONALD I MCKINNON The writer is a professor of international economics at Stanford University. The opinions expressed are his own Bloomberg I’LL say it at the outset: focusingBloomberg; AFP - 1,107 words
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Article, Illustration1447 2010-07-07 25 ANTHONY ROWLEY - Analysts have begun to talk about a possible grand coalition government being formed if the election is inconclusive ANTHONY ROWLEY Tokyo Correspondent SUMO and soccer events have been riveting Japan’s attention in recent weeks and only now that these events are over isREUTERS - 1,447 words
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Article, Illustration587 2010-07-07 25 BURKHARD VARNHOLT - BURKHARD VARNHOLT The writer is CIO of Bank Sarasin THE oil disaster in the Gulf of Mexico is probably the worst environmental catastrophe in American history. It will be remembered as a historical turning point and possibly even as the start of a587 words
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Transport HUB
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761 2010-07-07 26 DAVID HUGHES - It’s ‘a mood of renewed optimism tempered by underlying caution’ STRAIT TALK By DAVID HUGHES RECENT press releases landing on my desk have carried decidedly mixed messages about the economic state of health of the shipping industry. For those looking for signs of real recovery761 words
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302 2010-07-07 26 It plans to start raising 200b yen for new fund in Sept Bloomberg [TOKYO] Anchor Ship Investment Co, Japan’s largest ship-fund manager, said it may invest part of a planned 200 billion yen (S$3.16 billion) fund on its first dry-bulk vesselsBloomberg - 302 words
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225 2010-07-07 26 [SINGAPORE] Keppel Shipyard is on track to complete the conversion of a floating production, storage and offloading (FPSO) vessel for Maersk, a long-time customer. In a naming ceremony on Saturday at Keppel Shipyard, sponsor Eva Ruud named the vessel Maersk Peregrino. Mrs Ruud is225 words
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TRANSPORT HUB: AVIATION
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191 2010-07-07 27 Xinhua [JAKARTA] State airport operator PT Angkasa Pura I has allocated more than one trillion rupiah (S$153 million) in new investment to finance the expansion of the international terminal at Ngurah Rai International Airport in Bali, The Jakarta PostXinhua - 191 words
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390 2010-07-07 27 Updated model will help narrow defence gap with China Reuters [WASHINGTON] The United States is “way past due” to meet Taiwan’s request for updated F-16 fighter jets to help plug a growing gap with China, said a former US official overseeingReuters - 390 words
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85 2010-07-07 27 Bloomberg [TAIPEI] Taiwan’s airlines industry was downgraded to “underweight” from “overweight” at Macquarie Group Ltd which cited a risk of slower cargo demand growth and a possible decline in fares on cross-strait flights next year. China Airlines Ltd and EVA Airways Corp were bothBloomberg - 85 words
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Article, Illustration360 2010-07-07 27 EC decision allowing Ryanair to keep minority stake in Irish rival upheld AFP Reuters [LUXEMBOURG] The European Union’s general court barred no-frills airline Ryanair from taking over Aer Lingus yesterday but said that Ryanair could keep a minority stake in its IrishAFP; Reuters; BLOOMBERG - 360 words
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446 2010-07-07 27 EU tightens curbs on airspace use by Iran Air on safety concern AFP [TEHERAN] Iran said yesterday that claims made by some Iranian officials that its passenger planes were being denied refuelling by airports in Britain, Germany and the United Arab EmiratesAFP - 446 words
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Article2976 2010-07-07 27 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 --JL5083 2230 --MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 06052,976 words
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TRANSPORT HUB: LAND
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Article501 2010-07-07 28 SAMUEL EE - Fellow German marques Merc, VW and Audi also ride high in Top 10 list Reports by SAMUEL EE [SINGAPORE] BMW has powered ahead to overtake traditional rival MercedesBenz at half-time, based on estimated sales figures. Sales from January to June point to BMW being Singapore’s501 words
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327 2010-07-07 28 SINGAPORE’S top model is a tie between a mature Japanese unit and a younger and prettier Korean. From January to June this year among authorised distributors sales of the Toyota Corolla Altis and Kia Cerato Forte were identical at 1,242 units. Another327 words
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Article, Illustration525 2010-07-07 28 More than 95,000 vehicles in Japan, S Korea affected AP [TOKYO] Toyota started a global recall over engine defects in its Lexus and Crown models, moving to repair more than 95,000 vehicles in Japan and South Korea over the latest trouble for theAP; BLOOMBERG - 525 words
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256 2010-07-07 28 Bloomberg [ATHENS] Railroads in Greece lose more money than anywhere else in Europe, underlining the magnitude of the task facing Prime Minister George Papandreou as he tries to rescue his country from the debt crisis that threatens the viability of theBloomberg - 256 words
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Article, Illustration449 2010-07-07 28 It’s also packing in green technology in conventional cars AP [YOKOHAMA] Nissan is readying a new hybrid system for its Infiniti luxury model, which is set to go on sale later this year, while revamping technology for regular gas engines toAP; AFP - 449 words
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154 2010-07-07 28 Reuters [TOKYO] Toyota Motor Corp yesterday said it would invest about nine billion yen (S$143 million) to produce engines and transmissions for the Etios compact car in India developed for the local market. Local unit Toyota Kirloskar Auto Parts, held 90 per centReuters - 154 words
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Page 26 Advertisements
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Advertisement232 2010-07-07 26 The best-run_PROJECTS run BEN I IIMEL" J "1 I Sottas o 0 D **K9f 'as m ■Wtfp /i Read this only if YOUR BUSINESS DEALS with FPSO Conversions, Construction Projects, Oil Gas Projects or Turnarounds We understand YOUR PAIN: "Your worker is ordering materials on one side, there are labour232 words
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Advertisement43 2010-07-07 26 SHIPPING WNTED SOC 1. GENERALMANAGEROPERATIONS 2. STOWAGEPLANNER 3. TARIFF/BOOKINGCO-ORDINATOR Bengal iger Line leading rnational eeder rrequires enthusiastic andhandson eamplaers expandand ntribut existingbusinessactivities IInntteerrested candidaesshouldha least 10 ears experienc andbeselfmotiv edandwilling tra AAppli ations hr@btl-feeders om X > I m HBSlW®® eWS m tW www.radio9l3.com43 words
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Advertisement31 2010-07-07 26 T r, I JERRY LUM Marketing Director, MBA. CES itua HP: 8288 0098 View: jerrylum.myweb.sg ft#,ft. 世 http://south-africa-2010.omy.sg 网灵第 VODCAST PODCAST @Blog GALLERY 快 http://blog.omy.sg/south-africa-2010 Lingzhi@South Africa http://twitter.com/lingzhiSA201031 words
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Page 27 Miscellaneous
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Miscellaneous354 2010-07-07 27 CRYPTIC CROSSWORD Across 1 Traveller may take along this immoral woman (7) 5 Artist on track in struggle to survive (3,4) 9 Fellow eating last of cobbler before cheese (7) 10 Beginning to coach more promising staff (7) 11 Graduate twice brought in to reshape one’s old school (4,5) 12354 words
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Page 28 Advertisements
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Advertisement21 2010-07-07 28 Lianhe Zaobao Private banks making adjustments to adapt to investors' changing needs a To subscribe, call 6388-3838 or go to sphsubscription.com.sg21 words
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SINGAPORE STOCKS
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Article8815 2010-07-07 29 Transaction date: Jul 6 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 18 7.5 3148 8Telecom 16 +0.5 100 16 16 15.5 16 1.7 11.3 5.1 76.6 10 5.5 58348,815 words
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Article1628 2010-07-07 30 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 10 5 1181 t AA Grp 5 4.5 5.5 27.8 4.8 22.5 13 8538 t APStrategic 18 -2 150 18 18 181,628 words
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Article9357 2010-07-07 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.8/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.5715/ Asian Credit Fund 1.2386/ Asian9,357 words
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Article777 2010-07-07 30 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 $mil 117 107 6389 ABF SG Bond ETF 117 +1 1 117 117 111 117 534.1 883 632 CIMBAsean40 100US$ US845 846 851 33.8 306777 words
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Article255 2010-07-07 30 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 $mil 56 27.5 6000 AVJennings A42 39 47 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US19 +0.5 1073 19 18.5 18.5 19255 words
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Page 29 Advertisements
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Advertisement50 2010-07-07 29 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 •SINCERE HAUTE HORLOGERIE SINCERE HILTON SINGAPORE (65) 6738 9971 WATCHES OF SWITZERLAND PARAGON (65) 6732 979350 words
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FINANCE & COMMODITIES
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374 2010-07-07 31 In local curr In S$ In US$ dy yr dy yr dy yr Jul 5 Index Change Change Change Change Change Change World Index Preliminary 755.3 -0.1 -9.3 -0.1 -12.1 -0.3 -11.5 EAFE Preliminary 702.4 -0.1 -10.5 -0.3 -15.8 -0.5 -15.2 Europe Preliminary 1005.4 -0.4374 words
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Article180 2010-07-07 31 Jul 6 $S Offer Bid Overnight 0.08 0.03 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.55 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12180 words
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Article22 2010-07-07 31 Jul 6 S$ Bid Offer 1-month 1.3879 1.3889 2-months 1.3876 1.3887 3-months 1.3874 1.3885 6-months 1.3867 1.3878 Source: OCBC22 words
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Article132 2010-07-07 31 Jul 6 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1540 1.1890 Can dollar 1.3020 1.3180 Euro 1.7360 1.7560 NZ dollar 0.9480 0.9690 Sterling pound 2.0970 2.1220 US dollar 1.3900 1.4060 Local dollars to 100 units of foreign132 words
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Article27 2010-07-07 31 Jul 6 Open High Sett STI Jul 2868 SIMSCI Jul 338.3 341.3 341.0 Taiwan Jul 257.3 262.4 262.0 Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-07-07 31 Jul 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2340 2398 2397 2340 39 3447 Aug 10 2317 2330 2336 2308 1551 ***** Sep 10 2293 2301 2306 2277 9535 ***** Oct 10 2281 228266 words
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Article412 2010-07-07 31 Jul 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.4000 0 2745 Dec10 99.2950 0 1946 Mar11 99.1950 0 1421 Jun11 99.0600 0 1745 EUROYEN TIBOR FUTURES Sep10 99.6675 99.6675 99.6675 99.6675 151 3407 Dec10 99.6750 0 1272 Mar11 99.6800 0 1909 Jun11 99.6750 404412 words
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Article143 2010-07-07 31 Jul 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 342.0 Sep 10 315.0 Oct 10 310.0 310.0 310.0 12 Nov 10 305.0 305.0 305.0 12 Dec 10 305.0 305.0 305.0 12 Jan 11 305.0 Feb 11143 words
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Article91 2010-07-07 31 Jul 6 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 07.10.2010 0.32 0.26 0.26 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.55 104.59 104.55 5-Year N*****0N 1.375 01.10.201491 words
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Article105 2010-07-07 31 Jul 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 962.75 953.50 967.25 950.50 Aug 10 944.50 937.00 948.50 934.75 Sep 10 916.25 915.50 922.25 912.75 Nov 10 905.75 905.50 912.50 903.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 36.01 35.87 36.32105 words
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Article77 2010-07-07 31 CRUDE OIL PRODUCTS Jul 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 71.18 -0.50 WTI (Near Mth) 71.74 -0.47 Dubai (1-Mth F) 70.41 -0.49 Tapis blend 76.60 -0.35 Minas 73.10 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 66.50 -0.27 Jet Kerosene 81.70 -0.75 US$/barrel Opec Oil77 words
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2228 2010-07-07 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 unch 142 1 15 6.00 46 4085 ASJ Hldgs W*****1 3 1 4 8 2.17 19 2036 Advance SCT Ltd W*****9 0.5 1 87 28172,228 words
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Article465 2010-07-07 31 Jul 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.899 5.748 0.674 6.609 39.678 76.929 0.746 10.376 2.720 1.223 72.576 39.364 1.178 6.533 0.900 27.315 27.503 0.558 0.848 Canada 1.112 6.391465 words
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Article85 2010-07-07 31 Jul 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-07-07 31 Jul 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1774 1.1789 0.8482 0.8487 Canadian dollar 1.3092 1.3110 0.9431 0.9438 Euro 1.7480 1.7498 1.2593 1.2597 NZ dollar 0.9626 0.9642 0.6935 0.6941 Sterling pound 2.1099 2.1120 1.5200 1.5204154 words
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Article143 2010-07-07 31 Jul 6 GOLD (US$/oz) Jul 06 Jul 05 Hong Kong 1212.10 1210.10 Jul 05 Jul 02 London 1206.60 1205.60 1207.40 1206.40 Source: Thomson Reuters CAST BAR Jul 06 (S$) Selling Buying Kilobar 58,264.71 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 54 5gm 370.22 272 10gm 662.33143 words
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Article70 2010-07-07 31 Jul 5 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1910.25 1911.50 3 months 1937.00 1936.50 Copper, Grade A (US$/tonne) Cash 6439.75 6380.00 3 months 6469.00 6410.00 Lead (US$/tonne) Cash 1739.50 1728.75 3 months 1765.00 1753.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash70 words
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Article82 2010-07-07 31 Jul 5 COCOA (£/tonne) Close Prev High/Low Jul 10 2557 2555 2556/2516 Sep 10 2400 2378 2403/2369 Dec 10 2212 2199 2216/2190 Mar 11 2178 2164 2181/2153 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1688 1729 1708/1688 Sep 10 1710 1750 1738/1705 Nov 10 1708 1748 1735/1704 Jan 1182 words
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5325 2010-07-07 32 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.5,325 words
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Page 32 Advertisements
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Advertisement6 2010-07-07 32 Shipping lines seeking reliable logistics partners6 words
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Advertisement30 2010-07-07 32 Importers looking for Warehouse Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 int UUJIIMLJJ IIIVILJ SHIPPING TIMES30 words
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Page 33 Advertisements
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Advertisement33 2010-07-07 33 I' P Can they FREIGHT I find .y° ur m services FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132733 words
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EXECUTIVE MONEY
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Article, Illustration1272 2010-07-07 34 HAREN SHAH - It’s a battle of global recovery versus fiscal austerity with clear skies some distance away HAREN SHAH The writer is senior investment specialist at Citi Private Bank MARKETS seem to be emerging from a bad patch of turbulence but it may still be too early to turnSource: Bloomberg. As of June 08, 2010. Half-Yearly Returns: H2 ‘09 (July-December 2009), H1 ‘10 (January – June 08, 2010); Source: Citi Investment Research and Analysis. As of June 23,2010 - 1,272 words
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Article, Illustration1306 2010-07-07 35 Yield spreads widen on falling US employment and home sales Bloomberg [NEW YORK] Bonds sold by real-estate companies are performing the worst compared with the rest of the market since March 2009 on concern the slowing economic recovery will cause more defaults. YieldBloomberg; AFP - 1,306 words
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382 2010-07-07 35 Reuters [HONG KONG] Indonesian and South Korea measures to control capital inflows are “sensible”, said the Asia fixed-income head of HSBC Global Asset Management, and won’t deter the firm from buying bonds from these two countries. Cecilia Chan said HSBC likedReuters - 382 words
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Advertisement79 2010-07-07 34 MARKETS get thinking FX/CFD trading Guaranteed market prices for all Share CFDs. Low commission on over 7000 global shares automatic rebates for high-volume traders on Singapore stocks. Go long or short with margins from just 10%. Limit your risk with Guaranteed Stops and Trailing Stops. Find all you need to79 words
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Advertisement88 2010-07-07 35 unning late in filing w y(» l Aur accounts? Call 6-222 6868 to find out more today. AccountServe www.AccountServe.com.sg Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. ts U/ If J" i-M, Win 2 Tickets To Exotic88 words
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Advertisement50 2010-07-07 35 Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG Zhang Yanling, Executive Vice President, Bank of China, PRC Nicholas Lardy, Senior Fellow, Peterson Institute for International Economics, USA Fang Fenglei, Chairman, Hopu Investment Management, PRC Liu Yonghao, Chairman, New Hope Group, PRC and many more…50 words
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Page 36 Advertisements
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Advertisement79 2010-07-07 36 CIMBBANK QCIMB preferred Free withdrawals atCIMB ATMs across the region. Withdrawing money overseas can be expensive and inconvenient. Unless you're a CIMB ATM cardholder. Southeast Asia's most extensive ATM network is now fully integrated and free for all CIMB Group customers*. No one makes banking in Southeast Asia easier. For79 words
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