The Business Times, 11 August 2010

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Total Pages: 31
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, August 11,2010
    23 words
  • 802 1 Oracle’s Ellison accuses HP board of making ‘worst personnel decision’ NYT Bloomberg AP [PALO ALTO] In the end, it wasn’t actual sexual misconduct but fear of sensationalist headlines that convinced Hewlett-Packard’s board to force the resignation of CEO Mark Hurd. Ironically, the
    NYT; Bloomberg; AP; AP FILE PHOTO  -  802 words
  • 762 1  -  Full-year growth may still hit 13-15% but a sudden slowdown is on the cards By CONRAD TAN [SINGAPORE] The Republic’s economy grew by a record 18.8 per cent in the second quarter from a year earlier, slower than the 19.3 per cent estimated
    762 words
  • 141 1 ST INDEX 2,984.29 (-10.77) ST INDEX FUTURES 2,973 (-11) SIMSCI 352.21 (-1.82) SIMSCI FUTURES 350.80 (-0.90) FOREX US$ S$ US$ (S$ per US$) 1.353 (US$/S$ per 1.581 2.139 EURO (US$/S$/E) 1.317 1.782 Foreign currency per US$ S$ YEN 85.70 63.30 RM 3.153 2.329 HK$ 7.764 5.737 BAHT 31.99
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  • Page 1 Advertisements
    • 62 1 EXECUTIVE MONEY Preparing for deflation TRANSPORT HUB Container ships: Is bigger better? PAGE 21 COMPANIES Net interest margin shrinks at all three S’pore banks PAGE 4 PAGE 32 OPINION Beijing out to split Asean PAGE Deutsche Bank db.com <r i Leaders in financial risk management across Asia Derivatives House of
      62 words
    • 12 1 Exports surge to ease as NODX rises 28% in Q2, Page 2
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  • TOP STORIES
    • 628 2 Sizzling growth shows first hint of moderation SINGAPORE’S economy grew by a record 18.8 per cent in the second quarter from a year earlier, slower than the 19.3 per cent estimated last month, though still the fastest year on year expansion ever for the country. But yesterday’s downward
      628 words
    • 487 2  -  Total trade also up 28% y-o-y; pharma the only category to fall 11.4% down By TEH SHI NING [SINGAPORE] The Republic’s exports growth accelerated in the second quarter, thanks to stronger global trade flows, but a more subdued phase
      487 words
    • 536 2  -  By FELDA CHAY [SINGAPORE] The dollars and cents of damages caused by the three floods in June and July have been unveiled: Estimates from the General Insurance Association (GIA) of Singapore show that the latest flooding on July 17 cost insurers here
      536 words
    • 764 4  -  However, lower bad-loan charges at all three lenders boost their earnings By CONRAD TAN THE Singapore banks struggled to boost lending income in the second quarter despite the improving economy as falling interest rates and loan margins offset higher demand for bank
      764 words
    • 548 4  -  By ANTHONY ROWLEY THE Bank of Japan yesterday stood pat on monetary policy in the face of increasingly strident demands for it to take action to stem the yen’s rise, which is widely perceived to be damaging Japan’s export-led economic recovery and
      BLOOMBERG  -  548 words
    • 494 4 Bloomberg [TOKYO] Global investment banks will eliminate more jobs in Japan as they question growth prospects in the world’s second-biggest economy and deploy staff to expanding Asian markets including China, To-kyo-based Executive Search Partners Co said. “Foreign banks will freeze their
      Bloomberg  -  494 words
    • 626 4  -  By RONNIE LIM [SINGAPORE] With the economy back in full swing and demand for power growing, Keppel Corp wants to triple its generating capacity here by building a 900-megawatt plant expansion starting this year-end. The project is likely to cost well over $800
      626 words
    • 939 4 Smart-money circles more inclined now to listen to bears NYT [LONDON] The central question dividing economists these days is whether Western governments should spend more to ward off a potential second recession or retrench to hold down their ballooning debts to restore confidence among investors.
      NYT  -  939 words
  • Page 2 Advertisements
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      175 words
    • 210 2 Treaty Shopping: Source Countries Fight Back! Attacks on treaty shopping by tax authorities have become one of the biggest issues in international tax within Understand: types of provisions used by tax authorities to deny treaty Business Impact: forms of treaty shopping attack, including the use of domestic tax law anti-avoidance
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  • Page 3 Advertisements
    • 161 3 SCOTTS m 1 r. I 4-: B :i "v. 9 KB >?53l 11 ■f [I m v! >5^-'> ;V. rd Set in 2.5 hectares of sprawling prime land, Orchard Scotts is an architectural treasure to discover. Designed by Arquitectonica, an award-winning US firm, this prestigious residence offers a coveted address
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  • COMPANY NEWS
    • 720 5  -  Results due to sharp drop in bad-loan charges; slightly ahead of estimates By CONRAD TAN UNITED Overseas Bank’s (UOB) net profit grew 28 per cent to $602 million in the second quarter compared to a year ago, slightly ahead of analysts’ estimates, due
      ARTHUR LEE  -  720 words
    • 698 5  - ‘Double top’? Maybe, maybe not but caution is advised HOCK LOCK SIEW By R SIVANITHY ON Monday last week, the Straits Times Index (STI) rose past 3,000 for the second time this year and eventually closed at 3,025, surpassing the previous 2010 closing high of 3,019. However, because it has
      698 words
    • 552 6  -  Despite better results, share price was hit by cautious industry outlook By JOYCE HOOI DESPITE exceeding expectations with its sec-ond-quarter results last week, Neptune Orient Line’s share price has slumped 6.1 per cent since last Thursday’s close, showing the market’s wariness over what the
      THE STRAITS TIMES FILE PHOTO  -  552 words
    • 369 6  -  By GRACE LEONG DBS Group Research Equity is revising upwards its 2010 earnings guidance for Genting Singapore, Asia’s largest listed casino operator, and maintaining a “buy” call on the company and its Malaysian gaming parent Genting Bhd. In a report yesterday, DBS said
      369 words
    • 410 6  -  BY LYNETTE KHOO SOUND Global, known formerly as Epure Holdings, yesterday reported a 3.3 per cent decline in net profit to 74.5 million yuan (S$14.9 million) for the second quarter ended June 30. Profit was dragged down by expenses related to the company’s dual-listing
      410 words
    • 292 6  -  By MELISSA TAN KSH Holdings yesterday posted a 54 per cent year-on-year leap in net profit to $4.2 million for its first quarter ended June 30. Revenue was also up 21 per cent at $72.4 million, propelled by its construction segment.
      292 words
    • 555 7  -  Bigger catch and higher fishmeal prices offset decline at frozen fish unit BY LYNETTE KHOO THE financial third quarter turned out to be a bountiful catch for Pacific Andes Resources Development and its 79 per cent subsidiary China Fishery, with both posting higher
      555 words
    • COMPANY BRIEFS
      • 29 7 CELESTIAL Nutrifoods warned that it will “suffer huge losses” due to significant sales returns for Q2 FY2010. It did not provide further details.
        29 words
      • 75 7 COSCO Corporation (Singapore) Ltd said that Cosco (Guangdong) Shipyard Co Ltd, a unit of 51 per cent owned Cosco Shipyard Group Co Ltd, has secured contracts valued at over US$55 million to build two bulk carriers of 57,000 dwt each. The contracts are effective
        75 words
      • 51 7 SINGAPORE Exchange (SGX) has announced Rod Banus as senior adviser for commodities. Mr Banus comes from Barclays Capital where he was previously head of listed products, Prime Services Asia. He will advise SGX on its efforts to tap the rising global interest in Asian
        51 words
      • 102 7 MAYBANK Singapore has established the Maybank Family Fund in partnership with the Central Singapore CDC (CS CDC) to foster cohesive and self-reliant families in the district. The partnership, which will span a minimum of five years, will see Maybank pledging to raise $1 million
        102 words
      • 86 7 NTEGRATOR International Ltd said it has secured another four contracts worth $15.5 million. The projects are from repeat customers including Vietnam’s Viettel Corporation, Myanmar Posts and Telecommunications, Forever Group Company Ltd in Myanmar, and a subsidiary of Singapore Power, SP Powerassets. The deals have
        86 words
      • 68 7 Technics Oil Gas plans to list on TSE TECHNICS Oil Gas Ltd said it is planning to offer and list TDRs on the Taiwan Stock Exchange (TSE) and will be making an application to TSE and the Taiwan Central Bank. It said the listing will benefit the company as it
        68 words
    • 360 7 6-month and Q2 results ended June 2010 6 months ended June 2010 3 months ended June 2010 NET PROFIT CURRENT PREVIOUS CHNG TURNOVER CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT CURRENT PREVIOUS CHNG TURNOVER CURRENT PREVIOUS CHNG (S$m) (S$m) 1 UOB 1302.00 880.00 48.0 2768.00 2842.00 -2.6
      360 words
    • 381 9  -  Consumption spending hit by political uncertainty in March-May By NISHA RAMCHANDANI THAILAND’S largest brewer and distiller Thai Beverage Public Company (ThaiBev) has posted a 7 per cent drop in net profit to 2.56 billion baht (S$108.6 million) for the second quarter
      381 words
    • 453 9  -  By LYNETTE KHOO CHINA Gaoxian Fibre Fabric Holdings, which is eyeing a dual listing in South Korea, reported a 4 per cent rise in net profit to 94.9 million yuan (S$19 million) for the second quarter ended June on the back of
      453 words
    • 478 9  -  By KAREN KAREN NG A 25 per cent jump in se-cond-quarter revenue to $71.24 million failed to translate to better earnings for BreadTalk Group. The homegrown lifestyle F&B group reported yesterday that net profit for the three months ended June 30 dropped 23.7 per cent
      KELVIN CHNG/THE NEW PAPER  -  478 words
    • 297 9  -  By NISHA RAMCHANDANI LOW cost carrier Tiger Airways saw a strong set of operating numbers for July as both passenger volume and load factor grew. The number of passengers rose 42 per cent year-on-year to 523,000 for the month of July
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 2605 6 NOVO NOVO GROUP LTD. Registration Number: *****2648H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Novo Group Ltd. (the "Company") will be held at RELC International Hotel, Room 507, Level 5, 30 Orange Grove Road, Singapore *****2
      2,605 words

  • Page 7 Advertisements
    • 96 7 FX/CFD trading Trade EUR/USD from 1 pip and no re-quotes. T Hr FOff "o r Of p Os 4* o L/C XT-f G cs s 3 > 8 b '"k r "S* Standard and mini contracts on the same tight spreads. Automatic rebates for high-volume traders. World's No. 1 CFD
      96 words

  • SINGAPORE MARKETS
    • 567 8  -  Index falls 10.77 points along with feeble finishes in HK, Japan, Australia, and Europe-wide softness in late afternoon STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index dropped 10.77 points to 2,984.29 yesterday ahead of an anticipated weak Tuesday for Wall Street. Evidence that
      Source: Bloomberg  -  567 words
    • 4 8 DAILY
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    • 64 8 Aug 10 VALUE CLOSE BT OB/OS 79.00-164.00 BT CADI -*****.00-173.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 729.37 -7.67 FTSE ST Small Cap 542.65 -6.11 FTSE ST All Share 735.99 -3.79 FTSE ST China Top 271.15 -1.18 FTSE ST China 300.33 -0.40 FTSE ST Catalist
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 13 2 0 0 0 2 13 2 Manufacturing 41 77 78 8 12 6 49 89 84 Commerce 9 34 21 2 7 3 11 41 24 Tpt/Stor/Comms 7 23 12
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    • BROKERS’ TAKE
      • 500 8 Aug 10 close: $0.32 PHILLIP SECURITIES RESEARCH, Aug 10 BASED on the 11th Five-Year Plan (2006-2010), China has committed to increasing the use of renewable energy resources from 7.86 per cent in 2006 to 20 per cent of its total energy production by 2020. We think
        500 words
      • 455 8  -  Aug 10 close: $6.75 DBS GROUP RESEARCH, Aug 10 Compiled by JOYCE HOOI SINGLAND posted a turnaround with $60 million of net profit on a 52 per cent jump in revenue to $144.2 million in Q2, thanks to a slight positive revaluation surplus of $10.1 million from Marina
        455 words
    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,802 20,802 72,846 72,846 Manufacturing 316,213 47,317 363,530 255,143 6,713 261,856 Commerce 88,762 29,879 118,641 113,719 4,275 117,993 Tpt/Stor/Comms 142,236 941 143,177 286,072 119 286,191 Finance 27,273 27,273 231,193 231,193 Construction 41,400 18,180 59,580 6,133
      119 words
    • 111 8 Stock name Close Change CapMallsAsia 2.120 -0.010 CapitaLand 4.060 -0.030 CapitaMall 1.970 +0.030 CityDev 12.160 -0.040 ComfortDelGro 1.590 DBS Grp 14.500 -0.120 F&N 5.600 -0.030 Genting SP 1.280 +0.020 Golden Agri 0.600 -0.005 HK Land 5.420 +0.020 JMH 41.120 +0.160 JSH 24.100 Jardine C&C 33.560 -0.560
      111 words
    • 556 8 CURRENCIES Reuters [NEW YORK] The US dollar rose across the board yesterday as investors scaled back expectations that the Federal Reserve would announce further aggressive easing measures to prop up a softening US economic recovery. Speculation had been growing that the US
      Reuters; BLOOMBERG  -  556 words
    • 56 8 VOLUME Informatics 89,971,000 Genting SP 75,088,000 Golden Agri 50,708,000 NOL 35,219,000 Uni Envtech 31,158,000 Memstar 25,680,000 Noble Grp 22,663,000 SingTel 22,392,000 *Genting HK US$ 22,245,000 CapitaLand 21,639,000 VALUE($) Genting SP 95,590,470 Wilmar 88,784,324 UOB 88,596,980 CapitaLand 88,020,862 NOL 70,818,520 SingTel 68,778,288 OCBC Bk 60,903,160 DBS Grp 60,309,620
      56 words
    • 114 8 BY CENTS CLOSE UP DBXT AUDMM 5US$ *****1010.5 4.6 OCBC Bk 5.1%NCPS 100 ***** 24.0 0.2 STXPO 100 1388 24.0 1.8 DBXT S&P Short 10US$ 5161 21.6 0.3 JMH 4112 21.6 0.4 OCC 3.93% NCPS10 9020 20.0 0.2 Pru MBL eCW*****1 53 19.5 58.2 Asia Pac Brew 1560 18.0
      114 words
    • 120 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3841-254.3 -4.7 DBXT Nifty 10US$ ***** -74.4 -0.5 Jardine C&C 3356 -56.0 -1.6 Lyxor China H 10US$ 1547 -48.7 -2.3 DBXT CSI300 10US$ 930 -27.1 -2.1 UOB 1930 -22.0 -1.1 DairyFarm 755 -21.6 -2.1 SIA.ES.1008 1618 -18.0 -1.1 UOL 397 -13.0 -3.2
      120 words
    • 87 8 Where S$ stands Aug 10 CHNG YR 2010 CLOSE FR Aug 9 S$ LOW S$ HIGH US$ 1.3528 -0.42 1.4219 1.3472 Euro 1.7824 0.12 2.0153 1.6886 Pounds 2.1378 0.54 2.2831 2.0003 A$ 1.2348 0.34 1.2960 1.1515 Yen* 1.5786 -0.40 1.5951 1.4467 Rupiah* 0.***** -0.20 0.***** 0.***** Baht* 4.2321 -0.42
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  • Page 9 Advertisements
    • 418 9 Resorts World Sentosa, Singapore 29 30 September 2010 PeopleStrategiesforAsia–Riding the Wave of Recovery Growth A gathering of distinguished CEOs and thought leaders at Asia’s premier peer-to-peer C-suite platform on human capital and leadership. Overthelasttwoyears,theSingaporeHumanCapitalSummithassuccessfullybroughttogether CEOs and business leaders of top multinational companies, as well as leading strategists and thought leaders
      418 words

  • SINGAPORE NEWS
    • 495 10  -  That’s how bosses can obtain higher productivity from their employees By CHUANG PECK MING WANT higher productivity from your workers? Split your profits with them. That’s what employees are telling bosses, according to a recent poll by Kelly Services. Of the 134,000
      495 words
    • 609 10  -  By VICTORIA HO WITH the launch of an updated mobile phone for the elderly, homegrown phone maker Foresight Technologies hopes it can corner a niche market in the region. This Saturday, Foresight launches its iNo Mobile F12 device. Like its predecessors the CP09 and CP10, released
      609 words
    • 207 10 THE public accountants oversight committee of the Accounting and Corporate Regulatory Authority (Acra) and the Institute of Certified Accountants of Singapore (Icpas) are launching a new Public Practice Programme (PPP) for aspiring public accountants. And completion of the PPP will become one of
      207 words
    • 317 10  -  Charlesville price tag $31 m; Naung Court $28-30m By EMILYN YAP THE collective sale market continues to gain momentum, with two freehold residential sites at Paya Lebar and Hougang up for tender. Huttons is handling the sale of Charlesville, a five-storey 18-unit
      317 words
    • 239 10  -  By LYNN KAN PUBLIC donations to charities increased 14 per cent year on year to $240 million in 2009, according to the Commissioner of Charities’ (COC) annual report. And to give donors peace of mind when they contribute to charities, the COC
      239 words
    • 369 10  -  61% positive about outlook, seeing 10% sales rise in 1 year By YEN PEI WEN RECENT results published by the Global YPO (Young Presidents’ Organization) Global Pulse Survey showed that business confidence in Asia is on the rise. It inched up 1.6
      369 words
  • Page 10 Advertisements
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      230 words
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  • Page 10 Miscellaneous
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      39 words

  • ECONOMY WATCH
    • 324 11 Reuters [LONDON] Britain’s goods trade deficit narrowed more than expected to a four-month low in June as exports jumped, rekindling forlorn hopes that the economy might be rebalancing. However, economists remained cautious. The Office for National Statistics yesterday said the goods gap
      Reuters  -  324 words
    • 654 11 Falling values and fewer mortgages point to a faltering housing market Bloomberg [LONDON] A UK housing market gauge signalled the first decline in prices for a year in July as demand for homes fell, a sign the economic recovery may
      Bloomberg; BLOOMBERG  -  654 words
    • 296 11 Reuters Bloomberg [CHICAGO] There is a “significant” chance that the US economy will slip back into recession in the next two years although a reversal is unlikely in the next few months, researchers at the San Francisco Federal Reserve Bank said on
      Reuters; Bloomberg  -  296 words
    • 142 11 Reuters [JEDDAH] Saudi Arabia unveiled a five-year plan budgeted at 1.44 trillion Saudi riyals (S$517.5 billion), the state-run Saudi Press Agency (SPA) reported. King Abdullah is under pressure to create jobs and build housing as the population grows and unemployment rises, hitting
      Reuters  -  142 words
    • 573 11 AP Reuters AFP [TEHERAN] Iran announced plans on Monday to get rid of its dollar and euro reserves in response to the latest United Nations sanctions for its contested nuclear programme. The UN Security Council imposed a fourth round of sanctions on Iran
      AP; Reuters; AFP  -  573 words
  • Page 11 Advertisements
    • 249 11 School of Management University at Buffalo The State University of New York CELEBRATING successful years of MBA education in Singapore 15 The UB Executive MBA provides an unparalleled return on investment and leadership edge for both the students and their organizations. Dr. Lewis Mandell Dean Emeritus Singapore's longest running, American
      249 words

  • MALAYSIA/INDONESIA
    • 514 12  -  Rising raw material costs, inflationary pressure are among key reasons: Rehda By PAULINE NG MALAYSIAN developers expect housing to cost up to 20 per cent more in the second half of this year, as raw material prices increase and supply tightens
      514 words
    • 598 12 Bloomberg [JAKARTA] An independent study has cleared Sinar Mas Group, the world’s sec-ond-biggest palm oil producer, of destroying rainforests in Indonesia, according to a statement from PT Sinar Mas Agro Resources and Technology Tbk. The report, by Control Union Certifications and BSI Group, “demonstrates that
      Bloomberg; AFP  -  598 words
    • BRIEFLY ASIA
      • 129 12 AFP [BEIJING] A Chinese firm has developed a special protective case known as the “Apple Peel” for converting the iPod Touch media player into a mobile phone, state media said yesterday. The Apple Peel 520 from Shenzhen-based Yosion Technology is expected to
        AFP  -  129 words
      • 96 12 Bloomberg [NEW YORK] Lehman Brothers Holdings Inc and HSBC Holdings plc may be sued for over US$1.6 billion in worthless securities sold to retail investors in Hong Kong, a judge in New York ruled on Monday. US District Judge William Pauley III reversed
        Bloomberg  -  96 words
      • 90 12 Reuters [NEW DELHI] Steps by the government and central bank to tame inflation will show result in the second half of the fiscal year ending March 2011, the deputy chairman of India’s Planning Commission, Montek Singh Ahluwalia, said. The wholesale price index
        Reuters  -  90 words
      • 89 12 AFP [MUMBAI] Tata Motors swung to a quarterly profit from a loss a year earlier on improved demand for cars and a revival in economic activity. The company posted a consolidated net profit of 19.88 billion rupees (S$570 million) in the
        AFP  -  89 words
      • 69 12 Reuters [KUALA LUMPUR] Malaysia’s July palm oil stocks fell to their lowest level in a year as overall local and foreign demand still outpaced a recovery in output, data from an industry regulator showed yesterday. The Malaysian Palm Oil Board said stocks
        Reuters  -  69 words
    • 211 12 Bloomberg [KUALA LUMPUR] Malaysia’s industrial production climbed at the slowest pace in four months as exports eased, reducing the scope for further interestrate increases by the central bank after three moves this year. Production at factories, utilities and mines rose 9.4 per cent
      Bloomberg  -  211 words
  • Page 12 Advertisements
    • 1314 12 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES POPULAR HOLDINGS LIMITED (Company Registration No. *****7187M) (Incorporated in The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 20 Old Toh Tuck Road, Singapore *****5 on Friday
      1,314 words
    • 405 12 NOTICES NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF INTEGRA ENERGY PTE. LTD. (Incorporated Singapore) Co. Reg. No. *****5882D Notice herebygivenpursuant Section 296 theCompaniesAct(Chapter50) that meeting the creditors the abovenamedcompanywillbeheld 20CecilStreet #12-02EquityPlaza, Singapore*****5on21August2010 10.30amforthefollowingpurposes AGENDA 11.. Tolaybeforethecreditors full statement
      405 words

  • GREATER CHINA
    • 754 13 Exports up 38% but imports hurt by slowdown in investment Reuters [BEIJING] China’s trade surplus surged unexpectedly in July to an 18-month high of US$28.7 billion as exports beat forecasts, but a government-induced slowdown in investment took a toll on imports. Beijing is
      Reuters; AFP  -  754 words
    • 229 13 Reuters [BEIJING] China’s leading rare earth miners may effectively fix global prices for the group of metals that are widely used in a number of electronic devices and military applications, an official newspaper said yesterday. Baotou Steel Rare Earth High-Tech Co and
      Reuters  -  229 words
    • 314 13 Reuters [BEIJING] Annual house price inflation in China fell in July for the third month running under the impact of a government drive against property speculation. Prices in 70 cities across China rose 10.3 per cent in the year to July, down from
      Reuters  -  314 words
  • Page 13 Advertisements

  • INDIA
    • 639 14 Government still does not have the numbers needed to push bill through Reuters [NEW DELHI] India’s most ambitious indirect tax reform is at serious risk of missing another deadline following failure so far to win opposition support for a bill crucial for business
      Reuters  -  639 words
    • 366 14 Reuters [MUMBAI] India will not delay the launch of a credit default swaps (CDS) market but will move carefully due to the risks associated with such derivatives, a central bank deputy governor said yesterday. The central bank released draft rules last week proposing CDS be
      Reuters  -  366 words
    • 390 14 Reuters [NEW DELHI] India has exempted state-owned firms from new rules requiring companies to have a public float of at least 25 per cent, following two major share sales from govern-ment-owned firms earlier in the year that drew tepid responses. The regulations, set
      Reuters  -  390 words
  • Page 14 Advertisements
    • 336 14 WINE DINE AND HOSPITALITY THE SIGNATURE THREE Pan Pacific Singapore's three signature restaurants launch a new premium 5-coursc tasting menu featuring wagyu beef. At $88 per person, savour culinary creations from Masterchefs Hiroshi Kagata (Keyaki) LaiTong Ping (HaiTien Lo) and Lucas McMillan (Zambuca). All tasting menus are available for dinner
      336 words

  • ASIA-PACIFIC/WORLD
    • 415 15  -  Kan hopes to cement closer ties between the two countries By ANTHONY ANTHONY ROWLEY JAPAN’SPrime Minister Naoto Kan yesterday issued a landmark personal statement expressing his “deep remorse and heartfelt apology” for the suffering caused to Korean people during Japan’s 36
      AP  -  415 words
    • 286 15 Bloomberg [SEOUL] Standard Chartered Plc has asked South Korea’s government to loosen regulations governing its holdings of foreign-exchange derivatives in the country, a spokesperson for the bank here said yesterday. “The bank has expressed such opinions during relevant meetings,” said Lee Ji Won, a
      Bloomberg  -  286 words
    • 452 15 AFP [MANILA] The Philippines aims to become Asia’s next big gambling hub with casino and entertainment resorts built in key tourist spots across the country, the country’s gaming regulator said. An “Entertainment City” in Manila to rival boom towns Macau
      AFP  -  452 words
    • 593 15 He died in an accidental drowning at his Maine home Bloomberg [DALLAS] Matthew R Simmons, an energy investment banker and a leading proponent of the “peak oil” theory that claims the Earth is running out of crude, died on Sunday. Simmons,
      Bloomberg  -  593 words
    • 457 15 LATEST US DATA Bloomberg [WASHINGTON] The productivity of US workers unexpectedly fell in the second quarter, showing companies may find it harder to keep cutting costs as the recovery unfolds. The measure of employee output per hour decreased at a 0.9 per cent annual rate,
      Bloomberg  -  457 words
    • 339 15 Reuters [CANBERRA] Australia’s opposition will scrap a US$38 billion high-speed broadband network if it wins an Aug 21 election. The conservative opposition’s plan, announced yesterday and already criticised by Internet industry groups, does not include the Labor government’s A$11 billion (S$13.6 billion) deal
      Reuters  -  339 words
  • Page 15 Advertisements
    • 103 15 'Seoul Bangkok mpur' 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 gateways in South East
      103 words
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      174 words

  • Page 16/17 Advertisements
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      205 words

  • WORLD
    • 694 18 Move could be a bid by its private equity owners to recoup some capital Reuters [NEW YORK] Internet phone services provider Skype has filed to raise up to US$100 million through an IPO, hoping that its wide name recognition and rapid growth will
      Reuters  -  694 words
    • 633 18 Bloomberg [MOSCOW] Russia’s record heat wave may already have taken 15,000 lives and cost the economy US$15 billion, or one per cent of gross domestic product, as fires and drought ravage the country. At least 7,000 people have probably died
      Bloomberg; AP  -  633 words
    • 311 18 Reverse takeover of British firm will create world’s largest power producer Reuters [LONDON] GDF Suez is offering International Power shareholders a cash sweetener of US$2.2 billion in a reverse takeover of the British firm that will create the world’s largest independent power
      Reuters  -  311 words
    • 526 18 Reuters [NEW YORK] Private equity firm Kohlberg Kravis Roberts Co (KKR) has cancelled plans to sell US$500 million of new stock, less than one month after it listed on the New York Stock Exchange (NYSE). KKR, one of the biggest private equity firms
      Reuters  -  526 words
    • 299 18 Reuters [JEDDAH] BlackBerry maker Research In Motion (RIM) yesterday won a reprieve from a threatened ban on its Messenger texting service as Saudi Arabia said progress was being made on addressing its concerns. The company’s biggest Gulf market with 700,000 users,
      Reuters  -  299 words
    • 444 19 LAT-WP [WASHINGTON] US Defence Secretary Robert Gates said on Monday the Pentagon will cut thousands of jobs, including a substantial chunk of its private contractors and a major military command based in Norfolk, Virginia. This is part of an ongoing effort to streamline
      LAT-WP  -  444 words
    • 543 19 They also pay no income tax on value of this housing NYT [NEW YORK] In addition to her US$877,000 compensation package, Ellen V Futter, president of the American Museum of Natural History, lives rent free in a US$5 million New York apartment
      NYT  -  543 words
    • 512 19 They say that they want to keep gambling revenue within their borders AP [ATLANTIC CITY] America’s cash-starved states are increasingly being drawn to the lure of easy money in casinos a bet that could ultimately hurt taxpayers if the supply of slot
      AP  -  512 words
    • Article, Illustration
      84 19 [HEREFORDSHIRE, England] Members of the public taking part in a naked installation for American artist Spencer Tunick at the Big Chill festival near Ledbury in Herefordshire last Saturday. Those involved were painted in body paint and shot from above to create patterns and designs for Tunick's photographs. The
      AFP  -  84 words
    • 336 19 Bloomberg [NEW YORK] Warren Buffett shortened the duration of bonds held by Berkshire Hathaway after warning that deficit spending could force inflation higher. Twenty-one per cent of holdings including Treasuries, municipal debt, for-eign-government securities and corporate bonds were due in one
      Bloomberg  -  336 words
    • 344 19 Gain from 11 stake in China Construction Bank will soften blow from big writedown Bloomberg [NEW YORK] Bank of America Corp, hit by last month’s disclosure of a potential US$10 billion charge tied to new regulations, may add US$13 billion to its book value when
      Bloomberg  -  344 words
  • Page 18 Advertisements
    • 24 18 Lianhe Zaobao China Banking Regulatory Commission to ban banks from charging fees indiscriminately F i m To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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    • 270 18 adv IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OBC INTERNATIONAL TRADING PRIVATE LIMITED (INMEMBERS’VOLUNTARYLIQUIDATION) COMPANY REGISTRATION NO.: *****0527N FINAL MEETING NOTICE herebygivenpursuant Section308 theCompaniesAct,Cap.50that FinalMeeting themembers theabovenamedCompanywillbeheld 10Anson Road#15-07InternationalPlaza,Singapore*****3on13September2010 10.00 a.m.forthepurposeof: .1 1.havinganaccountlaidbeforethemembersshowinghowthewinding-uphasbeen conductedandtheproperty theCompanyhasbeendisposedof;and .2 2.hearinganyexplanationsthatmaybegivenbytheLiquidators. Shirley Lim Lim Peng Huat Liquidators
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  • Page 19 Advertisements
    • 60 19 pUNGRLOUJ LflNP FOR R6BUILD @NRSSIM RORD KHTflN 9456-7348 Newsmen Reclty Pte Ltd Sole Marketing Agent 1 Rectang| Face Gre« 1 South/Ea Face View South/EaenScing NASSIM PLOT B ***** sq ft 60m Frontage Flat Elevated Land Face Greenery Almost sold NASSIM PLOT C ***** sq ft Hill Top Quiet, Serene 3mins
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  • CLEAN ENERGY
    • 1588 20 It has embarked on an array of ambitious renewable energy projects primarily harnessing the country’s wind and hydropower NYT [LISBON] FIVE years ago, the leaders of this sun-scorched, wind-swept nation made a bet: To reduce Portugal’s dependence on imported fossil fuels, they embarked on an
      NYT; BLOOMBERG  -  1,588 words

  • Transport HUB
    • 836 21  -  Competition will ensure that the best means of transporting containers is used STRAIT TALK By DAVID HUGHES THERE was some good news from the liner trades last week. Neptune Orient Lines (NOL) swung back into the black with a sec-ond-quarter net profit of US$100 million,
      REUTERS  -  836 words
    • 1142 21  - Marine engineering, the rush for wind and urban solutions By JOHN WILLS The writer is the technical director of the Institute of Marine Engineering Science and Technology (IMarEST) MEN and women who go to sea in ships develop a special ethos. Mariners work in a hostile and unpredictable environment over
      1,142 words
    • TRANSPORT HUB: AVIATION
      • 466 22 It already has 48 orders this year, compared with 40 in the whole of 2009 Reuters [CAIRO] Airbus is on track to secure orders for over 50 aircraft in the Middle East and North Africa this year as the industry recovers
        Reuters; REUTERS  -  466 words
      • 693 22  -  By SUSAN STELLIN NYT [NEW YORK] If you thought airline tickets have been getting more expensive, you are right. But how much more expensive is difficult to say. Official data show that airfares have been rising steadily since January. But fares are
        NYT  -  693 words
      • 220 22 Bloomberg [WASHINGTON] The US Federal Aviation Administration (FAA) proposed that airlines modify wing-flap wiring on certain Boeing 747-400 models to avoid a risk that the planes won’t take off properly. The FAA is acting after flaps on a 747-400 with Rolls-Royce
        Bloomberg  -  220 words
      • 278 22 SGX '000 Aug 10 S$ +/-Vol CH Offshore 0.54 -0.01 1364 Chuan Hup Hldg 0.26 unch 205 Cosco Corp 1.57 -0.03 ***** CWT Ltd 1.00 -0.02 2664 Ezra Hldgs 1.87 -0.07 5739 First Ship Lea 0.41 unch 502 Freight Links 0.06 unch 792 Grand Banks unch unch 0
        278 words
      • 456 22 Reuters [MEXICO CITY] Employees of airline Mexicana de Aviacion are talking with investors in a bid to keep the cash-strapped carrier flying, a union official said on Monday. Mexico’s pilots union said it would meet with at least one investor group that might
        Reuters  -  456 words
      • 2977 22 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 0605
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    • TRANSPORT HUB: LAND
      • 1013 23  -  Analysts have said AmeriCredit could increase GM sales by 10-20% a year By ANDREW ROSS SORKIN NYT [NEW YORK] There goes the General Motors (GM) pre-IPO roadshow. President Barack Obama visited Detroit last week and declared: “We expect taxpayers will
        NYT; REUTERS  -  1,013 words
      • 180 23 Reuters [SHANGHAI] Chinese carmaker Jianghuai Automobile Co said yesterday it plans to invest about 30 billion yuan (S$5.9 billion) in production of cleantechnology vehicles through a partnership with Yang Rong, a Chinese car tycoon who fled the country after being accused of
        Reuters  -  180 words
      • 274 23 Reuters [TOKYO] Honda Motor Co plans to reduce its Japanese car production by 4 per cent in October compared with the July-September quarter, in what would represent a small impact from the end of government subsidies to stimulate demand. Japanese car
        Reuters  -  274 words
      • 316 23 Bloomberg [SHANGHAI] China’s car sales may rise to 16 million this year, a carmakers’ group said, boosting its forecast from a previous estimate of 15 million. Vehicle sales will be higher than previously expected judging by deliveries in the first
        Bloomberg; BLOOMBERG  -  316 words
      • 289 23 Bloomberg [WASHINGTON] Enterprise Holdings Inc, the largest US rental-car company, lets cars under federal safety recalls be rented before repairs, consumer advocates said in a petition asking the Federal Trade Commission (FTC) to bar the practice. Enterprise said in a lawsuit that
        Bloomberg  -  289 words
  • Page 21 Advertisements
    • 232 21 SETTING NEW STANDARDS Software for the Shipping Business A market leader in developing unique liner shipping software for shipping lines and agents. The latest LIMA Principal Suite and ALFA Agency Suite are developed as a comprehensive and fully integrated platform for liner shipping companies, liner agents, NVOCCs and third party
      232 words

  • Page 22 Miscellaneous
    • 360 22 CRYPTIC CROSSWORD Across 1 Pet has got excited around middle of kitchen, making small stains (7) 5 Rode off before revolutionary charged (7) 9 Move stealthily and softly, tracking American Indian (5) 10 Run into battle (9) 11 One study correct if diet’s connected (10) 12 Club sandwiches again or
      360 words


  • EDITORIAL & OPINION
    • 494 24 EDITORIAL EVEN as Singapore is on track to becoming the world’s fastest-growing economy this year with the economy expected to expand 13-15 per cent, there are more than enough warning signs to suggest that such red-hot growth is unsustainable. The Trade and Industry Ministry
      494 words
    • 765 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator AFTER years of assurances that they have nothing to fear from a rising China, newly assertive Beijing is using di-vide-and-conquer tactics against its neighbours in Southeast Asia,
      765 words
    • 988 24  -  They’re out of intensive care and ready for such action; a year from now will be too late MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book on the Greek debt crisis.
      Bloomberg; REUTERS  -  988 words
    • 1044 25  -  CEOs in the region need to understand where their firms stand and what their responsibilities are in various jurisdictions By TAN WAH YEOW The writer is regional head of Performance and Technology at KPMG in the Asia-Pacific. The views and opinions expressed herein are those
      REUTERS  -  1,044 words
    • 228 25 THIS checklist is a guide for CEOs as they equip their organisations in preparation for the impact of any changes in the climate-change policies of the countries they operate in. 1) Is your business involved in the “high risk” sectors with significant greenhouse gas emissions,
      228 words
    • 1305 25  -  By MATTHEW YGLESIAS The writer, a political blogger and fellow at the Center for American Progress Action Fund, is the author of ‘Heads in the Sand: How the Republicans Screw Up Foreign Policy and Foreign Policy Screws Up the Democrats’ Bloomberg LAT-WP
      Bloomberg; LAT-WP  -  1,305 words


  • SINGAPORE STOCKS
    • 9068 26 Transaction date: Aug 10 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 20 11 3148 8Telecom 18.5 -0.5 514 19 18.5 18.5 19 1.7 9.8 5.9 88.6 10.5 6 5834
      9,068 words
    • 1911 27 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 4.8 225 130 6222 t APStrategic 195 unch 7 195 182 193
      1,911 words
    • 9473 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.87/ APS Alpha Fund Cl B SGD!** 1.17/ APS Alpha Fund Cl B USD!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,473 words
    • 777 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 115 115 117.5 525 913 710 CIMBAsean40 100US$ US906 -4 2 906 906 899 904 36.2 306
      777 words
    • 74 27 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 $mil 56 30 6000 AVJennings A43 41 44 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US25.5 -1 ***** 27 25 25.5 26
      74 words
  • Page 26 Advertisements
    • 67 26 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 •SINCERE FINE WATCHES SINCERE NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65)
      67 words


  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Aug 9 Index Change Change Change Change Change Change World Index Preliminary 825.6 0.6 -0.8 0.4 -5.0 0.4 -1.0 EAFE Preliminary 764.8 0.8 -2.6 0.5 -7.1 0.5 -3.2 Europe Preliminary 1118.2 1.3
      374 words
    • 180 28 Aug 10 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.09 US$ Offer Bid 7 days 0.40 0.30 1 month 0.55 0.35 2 months 0.60 0.40 3 months 0.65 0.45 6 months 0.80 0.60 9 months 1.00 0.80 12
      180 words
    • 22 28 Aug 10 S$ Bid Offer 1-month 1.3526 1.3538 2-months 1.3524 1.3536 3-months 1.3523 1.3535 6-months 1.3516 1.3529 Source: OCBC
      22 words
    • 134 28 Aug 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 10 328.0 326.0 328.0 27 Oct 10 322.0 Nov 10 322.0 Dec 10 319.5 Jan 11 319.5 Feb 11 319.5 Mar 11 319.5 Apr 11 320.0 May 11
      134 words
    • 86 28 Aug 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 11.11.2010 0.28 0.22 0.22 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.30 5-Year N*****0N 1.375 01.10.2014 103.10 7-Year N*****0Z
      86 words
    • 105 28 Aug 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 1048.50 1059.00 1067.00 1045.50 Sep 10 1034.50 1039.00 1049.50 1032.75 Nov 10 1035.00 1033.50 1044.75 1029.50 Jan 11 1040.75 1039.50 1050.75 1038.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 41.72 41.39 41.97
      105 words
    • 77 28 CRUDE OIL PRODUCTS Aug 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.46 0.25 WTI (Near Mth) 81.54 0.68 Dubai (1-Mth F) 78.95 -0.38 Tapis blend 84.75 -0.40 Minas 81.45 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.27 unch Jet Kerosene 92.55 unch US$/barrel Opec Oil
      77 words
    • 2279 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -3 4.88 45 6227 ASJ Hldgs W*****1 4 1 4 23 1.63 18 2036 Advance SCT Ltd W*****9 0.5 1 87 2088
      2,279 words
    • 132 28 Aug 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2250 1.2630 Can dollar 1.3050 1.3210 Euro 1.7730 1.7940 NZ dollar 0.9740 0.9960 Sterling pound 2.1310 2.1560 US dollar 1.3420 1.3580 Local dollars to 100 units of foreign
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    • 27 28 Aug 10 Open High Sett STI Aug 2973 SIMSCI Aug 352.5 353.1 350.8 Taiwan Aug 282.8 283.3 280.7 Source: MF Global (S) Pte. Ltd
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    • 66 28 Aug 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2800 2790 2810 2790 620 1371 Sep 10 2741 2705 2741 2701 1485 ***** Oct 10 2708 2670 2708 2668 ***** ***** Nov 10 2699 2652
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    • 415 28 Aug 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.6150 0 990 Dec10 99.5550 0 3075 Mar11 99.4800 0 2501 Jun11 99.3700 0 2281 EUROYEN TIBOR FUTURES Sep10 99.6525 99.6525 99.6525 99.6525 224 3453 Dec10 99.6850 99.6850 99.6850 99.6900 0 1506 Mar11 99.7050 0 2043
      415 words
    • 464 28 Aug 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.942 6.182 0.693 7.088 42.304 81.773 0.782 10.670 2.878 1.263 78.281 41.007 1.235 6.612 0.962 29.003 29.199 0.578 0.913 Canada 1.062 6.563
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    • 85 28 Aug 10 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 155 28 Aug 10 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2347 1.2361 0.9128 0.9130 Canadian dollar 1.3106 1.3126 0.9689 0.9695 Euro 1.7815 1.7834 1.3170 1.3172 NZ dollar 0.9777 0.9790 0.7228 0.7231 Sterling pound 2.1379 2.1402 1.5805
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    • 137 28 Aug 10 GOLD (US$/oz) Aug 09 Aug 10 Hong Kong 1208.70 1199.00 Aug 06 Aug 09 London 1208.20 1201.75 1208.95 1202.50 Source: Thomson Reuters CAST BAR Aug 10 (S$) Selling Buying Kilobar 57,822.80 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129.47 54 5gm 368.08 270 10gm 656.98
      137 words
    • 69 28 Aug 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2172.75 2181.75 3 months 2182.00 2191.00 Copper, Grade A (US$/tonne) Cash 7399.00 7344.75 3 months 7425.00 7370.00 Lead (US$/tonne) Cash 2172.75 2135.50 3 months 2200.00 2161.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 82 28 Aug 9 COCOA (£/tonne) Close Prev High/Low Sep 10 2185 2193 2193/2148 Dec 10 2111 2106 2120/2080 Mar 11 2110 2090 2116/2076 May 11 2120 2105 2129/2090 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1724 1718 1732/1701 Nov 10 1750 1740 1754/1724 Jan 11 1741 1732 1740/1713 Mar 11
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    • 5701 29 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.
      5,701 words


  • Page 30 Advertisements
    • 51 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES 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
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  • Page 31 Advertisements
    • 199 31 tunning late in filing y(» *W accounts? Call 6-222 6868 to find out AcCOUntServe more todsy. www.AccountServe.com.sg tl ohtfor^fo teseeable ■muss s®^ <B1<w w i»— iinrfwasSst m ore than eve beWe eTthe <* eSire Butattgsapex o{ manv <* W aCtua abUHy Vead^ 6^ to nurture it. We have a solution
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  • executive Money
    • 1509 31  -  MONEY MATTERS SHANE OLIVER The writer is head of investment strategy and chief economist, AMP Capital Investors FEARS about inflation and deflation have fluctuated wildly in recent times. In late 2008, at the height of the global financial crisis, the big worry was
      1,509 words
    • 866 31  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own. BETTING on the poor has never been this profitable or this tasteless. Just ask the good folks at George Soros’s Quantum (M) Ltd, Goldman Sachs
      866 words
    • 999 32  -  After worrying about inflation for months, many economists are now talking about deflation in the US. What should investors do to hedge against such a scenario? By PAUL J LIM NYT AS chatter has grown about the possibility of a double-dip recession, so, too, have fears about
      NYT; BLOOMBERG  -  999 words

  • Page 32 Advertisements
    • 429 32 BLACKROCK GLOBAL FUNDS (BGF) GLOBAL ALLOCATION FUND WHOLE WORLD. MULTI-CLASS. ALL WEATHER. ONE FUND. I In this increasingly complex market, it is more important than ever to access a fund which can make the challenging asset allocation decisions for you. And who better than a manager with a proven track
      429 words