The Business Times, 20 June 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 33
1 34 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) 138/08/2010 Monday, June 20,2011
    23 words
  • 585 1  -  The bourse also wants to leverage on CME’s expertise By in Kuala PAULINE NG in Kuala Lumpur THE Malaysian stock exchange is looking to expand its range of derivative offerings, which have seen an increase of as much as 50 per cent in the
    585 words
  • 1033 1  -  More and more listed companies here have been voluntarily adopting the practice By MICHELLE QUAH Source: ACGA [SINGAPORE] Voting by poll where every share counts for one vote at company shareholder meetings could get a much-needed boost here, now that the Corporate
    Source: ACGA  -  1,033 words
  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,005.28 -73.07 KL COMP 1,563.43 +7.24 NIKKEI 225 9,351.40 -163.04 HANG SENG 21,695.26 -725.11 SET INDEX 1,018.96 -1.41 JAKARTA COMP 3,722.30 -65.35
    157 words
  • Page 1 Advertisements
    • 53 1 NEWS ANALYSIS Worries trigger property stock sell-offs PAGE 7 Valued business counsel If you could have a one-to-one meeting with any financial or economic sage for a couple of hours, who would it be? And what would you ask him or her? CEOs give their views VIEWS FROM THE TOP
      53 words
    • 9 1 DINING OUT Casual American fare PAGE 23 *****1 *****4
      9 words
    • 88 1 BizIT 2011 year of ‘mobilution’: IDC’s Tim Dillon PAGE 30 EMERGING ENTERPRISE Taking care of electronics firms PAGE 12 fi> S J KJI <y> Cortinawatch Boutiques (Singapore): The Shoppes at Marina Bay Sands Tel: (65) 6688 7008 ION Orchard Tel: (65) 6509 9238 Singapore: Millenia Walk Tel: (65) 6339 1728
      88 words

  • TOP STORIES
    • 532 2 Poll voting gets welcome boost VOTING by poll where every share counts for one vote at company shareholder meetings could get a much-needed boost here, now that the Corporate Governance Council has proposed that all Singapore-listed companies ought to adopt the practice. FRONT PAGE Bursa plans bigger range
      532 words
    • 1019 2  -  But sales momentum likely to pick up in H2 as many funds are on acquisitions trail in Asia By KALPANA RASHIWALA [SINGAPORE] Investment sales of property have dipped so far this quarter compared with the first three months of this year due to
      Source: CB Richard Ellis  -  1,019 words
    • 517 2 Reuters [NEW YORK] Moody’s Investors Service has threatened to cut Italy’s credit ratings in the next 90 days on worries that a possible rise in eurozone interest rates may derail the country’s fragile economic recovery. The move underlines the risks facing debt-burdened European nations
      Reuters  -  517 words
    • 696 4  -  This prevents the ‘dim sum’ bonds market in HK from growing faster By LYNETTE KHOO [SINGAPORE] The lack of avenues to repatriate funds into China is preventing the “dim sum” bonds market in Hong Kong from growing faster, says a
      696 words
    • 17 4 Branchen Stars R1C-A 10/06/11 140,22 EUR db X-MACRO Trading Index Fund I4D 08/06/11 98,49 GBP
      17 words
    • 502 4 AP [BERLIN] Greece is talking to international creditors about a second bailout package “roughly equal” to the first 110 billion-euro (S$194 billion) rescue it accepted a year ago, the prime minister confirmed yesterday as German Chancellor Angela Merkel urged “substantial” aid
      AP  -  502 words
  • Page 2 Advertisements
    • 121 2 LOEWE. Loewe Individual 55 Compose LED GSS: $10,355 Retail Price: $10,899 Accessories sold separately. While stocks last. Inclusive of delivery and setup of TV. Loewe Individual 46 Compose LED GSS: $8,455 Retail Price: $8,899 Loewe Individual 46 Selection LED GSS: $6,555 Retail Price: $6,899 ATLAS® SMS CONTEST! SMS now to
      121 words

  • Page 3 Advertisements
    • 592 3 Future Leaders Program™ Uncompromisingly the Best If you suspect that The Learning Lab sets a high bar for its enrichment programs and high expectations for its students, you are right. Our programs demand a great deal from the curriculum research teams and the specialist coaches who create and deliver the
      592 words

  • Page 4 Advertisements
    • 1441 4 LUXURY TOURS TRAVEL PTE LTD aiiyiS The Leading Operator Established 1985 "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive
      1,441 words

  • Page 5 Advertisements
    • 593 5 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the re-employment of older employees. Building a globally competitive workforce and a great workplace are MOM's business outcomes in its vision to develop A Great Workforce; A Great Workplace for Singapore. Planning And Getting
      593 words

  • SINGAPORE MARKETS
    • 468 6 Bloomberg [SINGAPORE] Asian currencies declined last week, led by the biggest five-day drop in Indonesia’s rupiah this year, as concern that Greece will default on its debt reduced demand for emerging-market assets. The MSCI Asia-Pacific Index of regional stocks fell to its lowest
      Bloomberg  -  468 words
    • 525 6  -  By AVTAR SANDU The writer is senior manager, commodities, Phillip Futures CORN prices have just reached the historical highs last achieved in mid-2008 when they ventured above US$7 a bushel. Although prices are starting to taper, sentiment is still upbeat due to the
      525 words
    • 1565 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.55 2.73 11 15.36 10.42 1.43 1.60 Amtek Engineering 2.00 2.00 4 11.82 7.74 1.45 0.92 ARA Asset Mgt 2.00 2.00 4 8.83 17.44 1.89
      1,565 words
    • 647 6  -  STOCKS R SIVANITHY Senior Correspondent ‘This time it’s different” has been a popular catchphrase during the past two years, thanks mainly to the large amount of money the US authorities have printed and handed out to Wall Street in an effort to stave
      647 words
    • 4 6 WEEKLY
      4 words
    • 63 6 Jun 17 VALUE CLOSE BT OB/OS -1152.00-252.00 BT CADI -*****.00-195.00 BT 10-day MA -*****.00-115.00 FTSE ST Mid Cap 721.11 -8.78 FTSE ST Small Cap 498.72 -4.77 FTSE ST All Share 734.62 -4.68 FTSE ST China Top 245.23 -2.17 FTSE ST China 287.95 -1.06 FTSE ST Catalist 999.52
      63 words
    • 57 6 VOLUME Genting SP 386,144,000 Golden Agri 320,018,000 Artivision 127,413,000 SingTel 118,913,000 HPH Trust US$ 112,395,000 Noble Grp 107,421,000 Yangzijiang 89,732,000 CapitaLand 89,557,000 NexGenSCom 77,462,000 MDR 73,865,000 VALUE($) Genting SP 727,034,340 SingTel 363,920,364 DBS Grp 324,255,768 Keppel Corp 295,850,370 Wilmar 261,418,336 CapitaLand 254,357,125 UOB 236,800,705 Golden Agri 213,890,256
      57 words
    • 108 6 BY CENTS CLOSE UP Asia Pac Brew 2980 350.0 13.3 DBXT DBLCI-OY 5US$ 4122 128.9 2.6 JMH 5266 111.6 1.7 DBXT S&P Short 10US$ 4405 75.6 1.4 Lyxor India Nifty 10 1490 30.0 2.1 CapitalaMBLePW*****1 49.5 16.5 50.0 DBXT MSMSIA 10US$ 1333 14.9 0.9 DairyFarm 890 14.9 1.4 JSH
      108 words
    • 129 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5971-311.1 -4.0 DBXT Nifty 10US$ *****-261.5 -1.7 GLD 10US$ *****-259.0 -1.4 IS DJ US Tech 6206-194.6 -2.5 DBXT STGLDv100 10US$ 2928-168.6 -4.4 Lyxor Europe 10 US$ 1332-140.1 -7.8 Hyflux 6% CPS 10 *****-130.0 -1.2 DBS Bk 4.7% NCPS 100 *****-102.0 -1.0 DBXT
      129 words
    • 5 6 WEEKLY
      5 words
    • 152 8 JUNE 17 BID PRICE VALUE WEEK-ON-WEEK CHANGE KXD Digital 0.000 n.a. Sino Techfibre 0.000 n.a. Sinomem Technology 0.000 n.a. Mirach Energy 0.120 20.0 12,000 Reyphon Agriceutical 0.140 3.7 28,000 Sinostar 0.145 3.6 8,990 MoyaDayen 0.060 0.0 7,500 Lereno Bio-Chem 0.005 0.0 1,250 Jiutian Chemical 0.035 0.0 3,150
      152 words
    • 151 8 sentiment VALUE JUNE 17 BID PRICE WEEK-ON-WEEK CHANGE Sino-Environment 0.000 n.a. China Milk 0.000 n.a. Celestial 0.000 n.a. China Taisan 0.135 3.8 5,400 People's Food 0.785 1.3 8,635 Dairy Farm 10.795 0.7 10,795 Del Monte 0.445 0.0 4,450 UIC 2.830 -0.4 11,320 Chemoil Energy 0.366
      151 words
    • 440 8  -  TEH HOOI LING Senior Correspondent EQUITY PRICES have slumped globally as a result of heightened risks. All six of our portfolios fell, the average being 3.3 per cent. It’s one of the biggest declines since March. For the week, the Straits Times Index (STI)
      440 words
    • 170 8 VALUE JUNE 17 BID PRICE WEEK-ON-WEEK CHANGE Sino Techfibre 0.000 n.a. China Sun Bio-Chem 0.000 n.a. Rickmers Maritime 0.415 1.2 4,150 Golden Agri-Resources 0.680 0.7 19,040 Allgreen Properties 1.600 0.6 19,200 Anwell Tech 0.240 0.0 3,984 China Merchants (Pacific) 0.535 0.0 5,885 Metro 0.910 -0.5 10,010 SanTeh
      170 words
    • 1672 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying was flat while the selling among directors fell for the second straight week based on filings with the exchange from June 13 to 17. Twenty companies
      1,672 words
    • 168 8 JUNE 17 BID PRICE VALUE WEEK-ON-WEEK CHANGE Fibrechem 0.000 n.a. Sino Techfibre 0.000 n.a. Sino-Environment 0.000 n.a. Biosensors 1.290 6.6 25,800 Lippo-Mapletree Trust 0.565 0.9 9,040 Golden Agri-Resources 0.680 0.7 19,040 Li Heng 0.135 0.0 2,700 CSE Global 1.250 0.0 8,750 Del Monte Pacific 0.445 0.0 4,450
      168 words
    • 159 8 JUNE 17 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Milk 0.000 n.a. Fibrechem 0.000 n.a. Sino Techfibre 0.000 n.a. Sino-Environment 0.000 n.a. Celestial 0.000 n.a. China Taisan 0.135 3.8 5,400 China Fishery 1.530 2.0 13,770 Li Heng 0.135 0.0 2,700 CSC Holdings 0.130 0.0 6,760 China Essence 0.280
      159 words
    • 170 8 JUNE 17 BID PRICE VALUE WEEK-ON-WEEK CHANGE Sino Techfibre 0.000 n.a. Poh Tiong Choon Logistic 0.390 0.0 11,310 Shanghai Asia 0.175 0.0 6,650 TT Int'l 0.030 0.0 1,350 China Merchants (Pacific) 0.535 0.0 5,885 Metro 0.910 -0.5 10,010 Elec Eltek Int'l 4.387 -1.3 13,161 Nera Telecoms 0.355
      170 words
  • Page 6 Advertisements
    • 92 6 HPT Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 o8 Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) i?t i ii i M 1 > Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the
      92 words

  • COMPANY NEWS
    • 904 7  -  Acquisitions, capital raising necessary for growth: CEO By FELDA CHAY THE market has yet to give its stamp of approval to Olam International’s recent acquisitions and capital raising done in the name of expanding the business but chief executive Sunny Verghese is unfazed. During an interview
      YEN MENG JIIN  -  904 words
    • 870 7  -  NEWS ANALYSIS By UMA SHANKARI SINGAPORE-listed property stocks, which have taken a beating since the start of this year, are now trading at up to 50 per cent below their revalued net asset values (RNAVs) a level of discounts that was last seen in 2009
      870 words
    • 359 10  -  By RONNIE LIM SINGAPORE’S Sembcorp which is currently building the US$1 billion Salalah independent water and power project (IWPP) in Oman has been dropped from a final shortlist of bidders for the Sultanate’s biggest-ev-er power project, Omani news reports said over the weekend. Sembcorp
      359 words
    • 403 10 Jun 17 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
    • 337 10 COMPANY MEETING PLACE DATE TIME Guangzhao IFB A Meeting Room 309 (Level 3), Suntec Singapore, International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 20-Jun 9.30am EDMI Ltd E Orchid Country Club, 1 Orchid Club Road, Emerald Suite, Golf Club House, Level 2, Singapore *****2 20-Jun
      337 words
  • Page 7 Advertisements
    • 199 7 A STAR ALLIANCE MEMBER I FLY«8 Travel the world with THAI and MasterCard® Exclusive all-in MasterCard fares from Tokyo Oslo Milan Copenhagen Stockholm Moscow Athens Johannesburg Los Angeles Business Class $838 $1,548 $1,578 $1,668 $1,748 $2,148 $2,178 $2,178 $2,178 $4,118 $4,128 $4,128 $4,128 $4,128 $4,168 $4,158 $4,468 Fly THAI and
      199 words


  • Page 9 Advertisements
    • 130 9 Building on success Naming of ENSCO 8504 Keppel FELS is set to deliver ENSCO 8504 on time, within budget and with no lost time incidents to Ensco plc. Technical Specifications Length overall (Approx.) 340 ft Pontoon Length 310 ft Length of Main Deck 255 ft Breadth of Main Deck 240
      130 words

  • Page 10 Advertisements
    • 3833 10 BUY IT-SELL IT-FIND IT :*ATci Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES 1. INTRODUCTION PERTAMA HOLDINGS LIMITED (Company Registration No. *****0483W) (Incorporated in the Republic of Singapore) JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF PERTAMA HOLDINGS LIMITED 1.1 Pertama Holdings Limited (“Pertama” or the “Company”) and Harvey Norman Singapore Pte Ltd (“HNS”
      3,833 words

  • SINGAPORE NEWS
    • 510 11  -  Joint venture will turn prime 30-ha area into integrated development By FELDA CHAY KEPPEL Land (KepLand) yesterday said that it has obtained masterplan approval for its integrated waterfront residential development site in Vietnam’s Ho Chi Minh City, allowing it to start the
      510 words
    • 736 11  -  By VICTOR KATHEYAS GAMING hardware company Razer intends to increase its Singapore headcount in a big way to cope with the anticipated significant demand for its upcoming products this year. CEO and co-founder Min-Liang Tan said he hopes to
      736 words
    • 724 11 Payment Ex Books Pay Ann (cts) date close date date Amara Hldgs an 0.500 13-Jun 15-Jun 27-Jun 14-Apr Asia Pac Brew aw 22.000 30-May 01-Jun 20-Jun 11-May B Sembawang ak 4.000 29-Jul 02-Aug 12-Aug 24-May B Sembawang bh 8.000 29-Jul 02-Aug 12-Aug 24-May Boustead ak 2.000 03-Aug 05-Aug
      724 words
    • 191 11 DEPUTY Prime Minister Teo Chee Hean has urged Singaporeans to be more vigilant, following the jailing of Indonesian cleric Abu Bakar Bashir on Thursday. Abu Bakar, who is believed to be responsible for the Bali bombings in 2002 that killed about 200
      191 words
  • Page 11 Advertisements
    • 124 11 m i i V IS J. r. Pack up and fly Indonesia! F/y/rom Changi Terminal 1 4- Bali 4-Jakarta *Yogyakarta (4x Daily) (8x Daily) (Daily Flights) Booking Period: 20 June 2011,12am to 11:59pm (GMT +8) Travel Period: 6 Sept -16 Nov 2011 Book hotels and packages now at airasiago.com and
      124 words

  • EMERGING ENTERPRISE
    • 933 12  -  Finding out what’s wrong with them is the mission of analytical lab WinTech. reports MAXIE AW YEONG WINTECHNa-no-TechnologyServices’ Li Xiaomin, 36, reckons himself to be somewhat of a doctor for electronics companies. Armed with equipment like transmission electron microscopy and focused ion beams, WinTech is
      ARTHUR LEE  -  933 words
    • 884 12  -  The industrial IT and automation solution provider is spreading its wings even wider afield, reports TAM YU LING reports TAM YU LING AT AGE 60, Dinesh Sharma, who set up DNR Process Solutions, would appear to be a late-bloomer in the local entrepreneurial
      YEN MENG JIIN  -  884 words
  • Page 12 Advertisements
    • 80 12 These are the eleventh and twelfth of a series of features on the 15 finalists of the Emerging Enterprise 2011 Awards. Jointly presented by The Business Times and OCBC Bank, EE 2011 recognises promising enterprises which are up to 10 years old and have an annual turnover of $10 million
      80 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1606 13  -  Several factors make this investment vehicle attractive to the novice investor, reports TEH SHI NING FROM equities to bonds, currencies to commodities, the Young Investors’ Forum has, in recent weeks, gone on a quick familiarisation tour of some of the major investment asset classes out there.
      PRUDENCIO MIEL JR/THE STRAITS TIMES  -  1,606 words
    • 960 13  -  Accountant Melissa Low tells LESTER HIO she eyes mainly properties with positive cash flow STARTING YOUNG LESTER HIO MELISSA Low’s firm belief in investment lies not in monetary terms, but in investing in herself. To this end, the 26-year-old accountant takes the time and effort
      YEN MENG JIIN  -  960 words
    • 314 13 ASK DR INVEST Q: I am in my 20s. Do you think I should start saving up and investing for retirement? What is the best way to do so? A: For the majority of young adults, retirement seems like the last
      314 words
  • Page 13 Advertisements
    • 346 13 Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to start investing, feature
      346 words

  • VIEWS FROM THE TOP
    • 2227 14 THIS WEEK’S TOPIC: If you could have a one-to-one meeting with any financial or economic sage for a couple of hours, who would it be? And what would you ask him or her? Lim Soon Hock Managing Director PLAN-B ICAG Pte Ltd MY previous choice of Warren
      PHOTOS: BLOOMBERG; REUTERS; AFP; NUS  -  2,227 words

  • ECONOMY WATCH
    • 764 15  -  Fishery output is also expected to expand much slower in next decade By ANTHONY ROWLEY in Tokyo AGRICULTURAL commodity and food prices are likely to remain significantly higher over the coming decade than they have been in the past 10 years and will
      AFP  -  764 words
    • 610 15 NYT [NEW YORK] Millions of American homeowners in distress are getting some unexpected breathing room lots of it in some places. In New York state, it would take lenders 62 years at their current pace to repossess the
      NYT; AFP  -  610 words
    • 394 15  -  By ANTONY CURRIE The writer is a Reuters Breakingviews columnist. The opinions expressed are his own THE latest bank capital spat between regulators and bankers is narrowing the debate too much. Crucial questions remain unanswered about the so-called SIFI buffer that is likely to
      394 words
  • Page 15 Advertisements
    • 103 15 14 PHENOMENAL MUSICALS IN ONE SPECTACULAR SHOW! Lunchbox Theatrical Productions, David Atkins Enterprises and Base Entertainment in association with The Really Useful Company Asia Pacific present THE MUSIC OF I ANDREW!! LLOYD 1 WEBBEIL 7- 17 JULY ONLY FOR A STRICTLY LIMITED SEASON GRAND THEATER, MARINA BAY SANDS Buy online
      103 words

  • Page 16/17 Advertisements
    • 302 16/17 i RegS 1 sc-- v. ■H v.- V*"r/ P-. />* v ?r-. \Jm 1 I Hk tk m f%*s HPf.t V M p 'o^ MMBLEDON CHAMPIONSHIPS, ALL ENGLAND LAWN TENNIS AND CROQUET CLUB JUNE 20TH TO JULY 3RD, 201 I H :;> hs V57T+T'/y VaiE^ mm \1 V WMStm. Ml
      302 words

  • MALAYSIA
    • 430 18 Bank is selling its 25% stake in RHB Capital to an investment fund Reuters [DUBAI] Abu Dhabi Commercial Bank (ADCB) will record a net profit of one billion dirhams (S$335.8 million) from the sale of its 25 per cent stake in
      Reuters  -  430 words
    • 655 18  -  Timing for Malaysian Immigration’s biometric system launch is unfortunate MALAYSIA INSIGHT PAULINE NG KL Correspondent THE disgruntlement and loss in goodwill caused by the humongous traffic snarls at the Causeway and Second Link following the implementation of a new biometric system by Malaysia’s Immigration
      FILE PHOTO  -  655 words
    • 1881 18 VOL Jun 17 RM +/-(‘000) A M Realty 0.50 unch 10 Abric Bhd 0.30 0.02 36 Advance Synerg 0.22 unch 972 Adventa Bhd 2.07 0.01 45 Ae Multi Hldgs 0.28 -0.01 230 Affin Holdings 3.26 -0.08 744 Ahmad Zaki Res 0.81 -0.01 77 Aic Corp 1.21 0.01 379
      1,881 words
  • Page 18 Advertisements
    • 1359 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (Incorporated in Bermuda with limited liability) (the "Company") NOTICE TO WARRANT HOLDERS To: ALL HOLDERS OF WARRANTS W*****2 (the "Warrants") TO SUBSCRIBE FOR NEW SHARES IN PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (the "Company") THIS NOTICE IS IMPORTANT AND
      1,359 words

  • GREATER CHINA/INDIA
    • 682 19 They urge a halt to interest rate rises, as hikes are likely to hit new investments AFP [MUMBAI] Business leaders in India have rounded on the government, urging a halt to interest rate rises, amid fears that inflation and lack of institutional reform
      AFP  -  682 words
    • 454 19 Reuters [SHANGHAI] China’s yuan has gained more than 5.4 per cent in the year since it was unshackled from a de facto dollar peg, a quicker gain than analysts had expected at the time. After the People’s Bank of China
      Reuters  -  454 words
    • 485 19 AP [HALLSTATT, Austria] It’s a scenic jewel, a hamlet of hill-hugging chalets, elegant church spires and ancient inns all reflected in the deep still waters of an Alpine lake. The beauty of Austria’s Hallstatt has earned it a listing as a Unesco World
      AP  -  485 words
    • 680 19 [SHANGHAI] The price of new homes in China rose last month in 67 of the 70 cities monitored as developers held off on reducing how much they charged while studying the effects of policies aimed at controlling the property market. May new-home prices increased
      AFP  -  680 words
  • Page 19 Advertisements
    • 724 19 )[:'|),*->~'<(*=,(^_!?>@!*>.)=) 0 Mega ICBC MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. HEAD OFFICE: No. 100, Chi-lin Road, Taipei *****, Taiwan Tel: +886-2-2563 3156 Fax: +886-2-2356 8936 Singapore Branch: 80 Raffles Place #23-20 UOB Plaza II Singapore *****4 Tel: (65)6227 7667 Fax: (65)6227 1858 In the event of receivership, winding up proceedings
      724 words

  • WORLD
    • 697 20 Move is meant to burnish president’s credentials as he bids for a 2nd term Bloomberg [ST PETERSBURG] Russian President Dmitry Medvedev pledged to give up government control of some of the biggest state companies, burnishing his investor-friendly credentials as
      Bloomberg; REUTERS  -  697 words
    • 589 20 Reuters [TOKYO] Japanese video game developer Sega Corp said yesterday that information belonging to 1.3 million customers has been stolen from its database, the latest in a rash of global cyber attacks against video game companies. Names, birth dates, e-mail addresses and
      Reuters; REUTERS  -  589 words
    • 412 20 Reuters [ST PETERSBURG] Russian Internet firms are winning the capital of foreign investors due to their ability to bypass country-specific risks while attracting users and advertising revenue. The two most successful Russian stock-market floats of the past 12 months have been Web-based firms,
      Reuters  -  412 words
    • 515 20 Reuters [NEW YORK] Professional hacker Nicholas Percoco received an unusual request from a major financial institution last week: how can you help us avoid becoming the next Citigroup Inc? Amid a wave of cyber attacks on Citi, the International Monetary Fund (IMF) and other
      Reuters  -  515 words
    • 676 21 Over 15 US-listed Chinese firms yet to file year-end forms with regulators Reuters [NEW YORK] More than 15 Chinese companies whose shares trade in the United States, many of them favoured by short-sellers, have yet to file required year-end forms with US regulators and
      Reuters  -  676 words
    • 542 21 PM should slow the pace of budget squeeze, he adds Bloomberg [LONDON] The UK government budget deficit will be higher than forecast by Chancellor of the Exchequer George Osborne as the economy slows, according to Ed Balls, opposition Labour Party Treasury affairs spokesman.
      Bloomberg; REUTERS  -  542 words
    • 646 21 Bloomberg [SYDNEY] Australian Prime Minister Julia Gillard’s supporters are turning on former leader Kevin Rudd after an opinion poll showed backing for the Labor Party fell to the lowest in four decades a year after he was ousted. Mr Rudd
      Bloomberg; REUTERS  -  646 words
    • 738 21 Bloomberg [NEW YORK] Brazil is turning into the world’s biggest buyer of US debt even after Finance Minister Guido Mantega criticised the Federal Reserve’s steps to stimulate economic growth by buying Treasuries. Brazil bought US$13.4 billion of US debt in
      Bloomberg  -  738 words
    • 394 21 AFP [SAO PAULO] Sovereign debt woes in Greece and other weak eurozone countries are putting the global economic recovery at risk, the IMF warned on Friday as it called for a shoring-up of financial systems. The debt trouble risks “derailing the European recovery
      AFP  -  394 words
  • Page 20 Advertisements
    • 296 20 In the matter of The Companies Act, Cap. 50 And In the matter of Tiang Toh Yong Sons Pte Ltd (Company No. *****1941K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of the above named Company, duly convened and held at 336 Smith Street #06-308 New
      296 words
    • 17 20 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE DRIVEAND DINE WITH USAT THE NEXT TORQUEAFTERHOURS ONJUNE23,2011! MORE DETAILSAT WWW.TORQUE.COM.SG Joinusonwww.facebook.com/torque.singapore
      17 words


  • AVIATION/SHIPPING
    • 773 22 The roughly US$17b deal is for revamped Airbus A320 jets Reuters [ATLANTA] A record 200-plane order from Asia’s largest budget carrier looks set to dominate a jackpot of deals at this week’s Paris Air Show in clear evidence of a mul-ti-speed recovery shaping
      Reuters; AP FILE PHOTO  -  773 words
    • 368 22 Reuters [GENEVA] The EU said that it will comply with a ruling by the World Trade Organization which had found that Airbus received billions of dollars of unfair subsidies, but gave no specific date, a WTO spokeswoman said. The United States, addressing the
      Reuters  -  368 words
    • 187 22 Bloomberg [BEIJING] Mongolia sees the ports of North Korea as gateways through which it can ship its mineral resources, taking advantage of “very good relations” between the two countries, Prime Minister Sukhbaatar Batbold said. “We could have further cooperation in the access to
      – Bloomberg  -  187 words
    • 507 22  -  Airbus, Rolls-Royce to develop one that yields up to 97,000 pounds of thrust By VEN SREENIVASAN in Paris AIRBUS and Rolls-Royce have announced that they would jointly develop a more powerful Trent XWB engine for the top-of-the-line A350-1000 aircraft. The new Trent engine
      507 words
    • 3295 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1245 EY473 1955 --NH6369 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835
      3,295 words
  • Page 22 Miscellaneous
    • 383 22 CRYPTIC CROSSWORD Across 1 One whose work could be framed beginning to get less active (7) 5 Search place linked to gold in river (7) 9 Young miscreant was dishonest? It’s not obvious (7) 10 Shorten amateur golf hosted by woman in match (7) 11 Shunning a cove and swimming
      383 words

  • DINING OUT
    • 907 23  -  NEW RESTAURANT By Geoffrey Eu Luke’s Oyster Bar Chop House 20 Gemmill Lane Tel: 6221-4468 IF a conversation between two diners at Luke’s Oyster Bar Chop House over the weekend is any indication, the outlook for the just-opened restaurant is pretty stellar. During the
      PHOTOS BY YEN MENG JIIN  -  907 words
  • Page 23 Advertisements
    • 73 23 www.omy.sg SINGAPORE oio iff jp m http://sgblogawards.omy.sg QR Reader /□rtfjQR Reader^)' mm±msm LUXUK WINE DINE AND HOSPITALITY Reach SeriousGoiirinets In This Targeted Space Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 *****127 6319 2129 6319 1650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan
      73 words
    • 163 23 1 brolzei! German Bier Bar Restaurant Brotzeit® is home to Singapore's most popular authentic Bavarian cuisine with all time favourite Pork Knuckles, and Sausages complemented by fresh German beers. All in a chic and contemporary setting. ii Enjoy succulent Bavarian-style Pork Ribs every Monday and Tuesday! Original Pork Ribs Honey
      163 words

  • SINGAPORE STOCKS
    • 8784 24 Week ended: Jun 17 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 15.5 -0.5 1290 16.5 15.5 15 16.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 1759 8
      8,784 words
    • 1704 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.5 4.5 19 3.9 202 154 t APStrategic 161 132 160 95.5 1.5 0.5 t Advanced System 0.5
      1,704 words
    • 115 25 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.410 -0.040 CapitaLand 2.750 -0.070 CapitaMall 1.910 -0.040 CityDev 10.000 -0.200 ComfortDelGro 1.350 -0.040 DBS Grp 14.000 -0.120 F&N 5.450 -0.100 GLP 2.020 Genting SP 1.850 -0.010 Golden Agri 0.685 +0.020 HK Land
      115 words
    • 2623 25 Transaction date: Jun 17 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.00 unch 8 Aeon Stores 16.30 -0.02 82 Angang Steel 7.72 -0.03 4948 Anhui Conch 32.50 -0.95 ***** Anhuiexpresswa 5.85 -0.01 4805 Asia Satellite 18.00 unch 0 Asm Pacific 101.40 -0.40 442 Bank Of E Asia 31.80
      2,623 words
    • 257 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 -1.5 5 49 46 46 48.5 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US34.5 -3.5 ***** 37.5 33.5 34 34.5 2271.7
      257 words
    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 17 0 0 0 0 0 17 0 Manufacturing 24 139 53 4 11 20 28 150 73 Commerce 10 48 19 4 9 2 14 57 21 Tpt/Stor/Comms 5 37 5
      186 words
    • 939 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 unch 25 118 118 115 118 538.6 1077 832 CIMBAsean40 100US$ US1023 -11 34 1036 1022 1016 1023 40.9
      939 words
    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 151,178 151,178 416,509 416,509 Manufacturing 1,003,150 38,315 1,041,465 967,884 1,843 969,727 Commerce 361,763 27,902 389,665 581,735 2,712 584,447 Tpt/Stor/Comms 585,999 68,930 654,929 975,899 9,171 985,070 Finance 99,199 10 99,209 880,659 1 880,660 Construction 162,409 17,173
      123 words

  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 374 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 17 Index Change Change Change Change Change Change World Index Preliminary 881.6 0.4 -1.8 0.1 -3.4 0.8 0.2 EAFE Preliminary 761.6 0.2 -4.9 0.3 -4.3 0.9 -0.7 Europe Preliminary 1137.9 0.6
      374 words
    • 178 26 Jun 17 $S Offer Bid 0vernight 0.04 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.125 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12
      178 words
    • 24 26 Jun 17 S$ Bid Offer 1-month 1.2394 1.2399 2-months 1.2393 1.2398 3-months 1.2392 1.2398 6-months 1.2388 1.2394 Source: OCBC Source: OCBC
      24 words
    • 163 26 Jun 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 83 Sep 11 496.5 492.0 496.5 21 310 Oct 11 491.0 488.0 491.0 19 188 Nov 11 485.0 485.0 485.0 10 179 Dec 11
      163 words
    • 81 26 Jun 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 15.09.2011 0.33 0.30 0.30 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.10 102.14 102.14 5-Year N*****0W 1.125 01.04.2016 100.36
      81 words
    • 107 26 Jun 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1333.00 1350.50 1357.25 1330.50 Aug 11 1333.50 1350.00 1356.00 1331.00 Sep 11 1332.75 1348.00 1354.25 1329.50 Nov 11 1333.25 1350.25 1356.25 1331.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.92
      107 words
    • 77 26 CRUDE OIL PRODUCTS Jun 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.99 -3.93 WTI (Near Mth) 94.71 -0.56 Dubai (1-Mth F) 107.40 -3.28 Tapis blend 121.07 -3.71 Minas 117.17 -3.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.22 -1.92 Jet Kerosene 128.25 -3.85 US$/barrel Opec Oil
      77 words
    • 2725 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 38 2.67 8 AlliedTech W*****2 2 unch 64 1 4 29 Asia Water Tech Ltd W*****8
      2,725 words
    • 123 26 Jun 17 As at 9am Jun 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.352 1.276 Can dollar 1.286 1.237 Euro 1.795 1.726 Sterling pound 2.041 1.963 NZ dollar 1.027 0.979 US dollar 1.258 1.21 Local dollars to 100 units
      123 words
    • 29 26 Jun 17 Open High Sett STI Jun 3005 3005 2998 SIMSCI Jun 347.4 349.2 345.8 Taiwan Jun 303.9 305.5 302.5 Source: MF Global (S) Pte Ltd
      29 words
    • 66 26 Jun 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3227 3225 3235 3195 573 6830 Jul 11 3208 3205 3226 3178 5209 ***** Aug 11 3207 3198 3214 3163 ***** ***** Sep 11 3209 3194
      66 words
    • 469 26 Jun 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6200 0 8268 Dec11 99.5550 0 3313 Mar12 99.4900 0 1632 Jun12 99.3800 0 3166 EUROYEN TIBOR FUTURES Sep11 99.6675 51 1252 Dec11 99.6650 40 1392 Mar12 99.6550 99.6550 99.6550 99.6550 1708 2285 Jun12 99.6525 0
      469 words
    • 462 26 Jun 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.809 0.744 8.208 47.307 90.561 0.848 11.430 3.206 1.312 90.340 46.039 1.305 7.227 0.894 30.516 32.224 0.653 1.053 Canada 0.964 6.567
      462 words
    • 85 26 Jun 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 26 Jun 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3043 1.3052 1.0524 1.0527 Canadian dollar 1.2576 1.2589 1.0147 1.0153 Euro 1.7533 1.7541 1.4146 1.4147 NZ dollar 0.9944 0.9953 0.8023 0.8027 Sterling pound 1.9967 1.9977 1.6110 1.6112
      154 words
    • 139 26 Jun 17 GOLD (US$/oz) Jun 17 Jun 16 Hong Kong 1531.00 1527.30 Jun 16 Jun 17 London 1527.90 1537.49 1528.79 1538.31 Source: Thomson Reuters CAST BAR Jun 17 (S$) Selling Buying Kilobar 65,345.97 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 61 5gm 416 305 10gm 742
      139 words
    • 69 26 Jun 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2516.25 2528.00 3 months 2545.00 2557.00 Copper, Grade A (US$/tonne) Cash 9087.00 9056.75 3 months 9095.00 9065.00 Lead (US$/tonne) Cash 2433.50 2465.00 3 months 2450.00 2481.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 82 26 Jun 17 COCOA (£/tonne) Close Prev High/Low Jul 11 1822 1800 1827/1790 Sep 11 1829 1811 1835/1804 Dec 11 1855 1838 1861/1833 Mar 12 1871 1861 1880/1855 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2302 2380 2400/2290 Sep 11 2342 2422 2442/2328 Nov 11 2372 2450 2468/2356 Jan 12
      82 words

  • 5463 27 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    5,463 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 59 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES Importers looking for Warehouse Can they find your services in the Shipping Times? FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here
      59 words
    • 3 28 TO ADVERTISE IN
      3 words

  • BizlT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 758 29  -  Gemalto gears up to take advantage of the maturing ecosystem in Singapore, reports VICTORIA HO THERE is a huge migration underway towards contactless payment this year, and Gemalto is gearing up to take advantage of this, says one of its top officials. Gemalto’s Tan Teck
      758 words
    • 362 29  -  By VICTORIA HO [SINGAPORE] The annual IT trade show CommunicAsia opens this week, with some 2,000 exhibitors participating. The show is moving this year from its long-standing venue at the Singapore Expo in Changi to its new city centre location at Marina Bay Sands. The
      362 words
    • 1009 30  -  This year could see a decisive shift to mobile devices in S’pore enterprises By AMIT ROY CHOUDHURY [SINGAPORE] Enterprises in Singapore are jumping on the mobile revolution wagon and this year could be pivotal in this transition from a desktop-based enterprise environment
      1,009 words
    • 288 30  -  By AMIT ROY CHOUDHURY [SINGAPORE] NEC Asia Pacific has inked an exclusive agreement with Singapore company Anacle Systems to jointly market Anacle’s proprietary energy management solutions. The Japanese company, which is a wholly owned subsidiary of NEC Corporation, is a leading IT and network
      288 words
    • 1022 30  - SaaS a ticket to the cloud for telcos Telecom companies may emerge as the key players in the cloud story <you say> By ADRIAN DOMINIC HO The author is IDC Asia Pacific’s Principal, Managed Telecom Service, Networking Research FOR many cloud industry watchers, there is no greater guilty pleasure than
      1,022 words
  • Page 29 Advertisements
    • 294 29 Chi^b A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund Beneficiaries: 5 Money Fund C. STRAITS TIMES. I Budding Artists Fund r r Extend your love through Friendship and Hope, our theme for ChildAid 2011 an annual charity concert in aid
      294 words

  • Page 30 Advertisements
    • 32 30 2010EDITION A collection from The Business Times The diverseexperiences ofsome of the mostinfluential thinkers,corporate chiefs andsocial activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores
      32 words

  • Page 31 Advertisements
    • 29 31 THE BUSINESS TIMES SJ1.00 online at http://www.businesstimes.c0m.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 138/08/2010 Monday, June 20,2011 0 A A i 'y h A
      29 words

  • Page 32 Advertisements
    • 97 32 BMW. THE NO. 1 AUTOMOTIVE BRAND IN SINGAPORE'. When joy leads, success follows. The appreciation for sheer driving pleasure, shared by every driver in Singapore, once again reinforces why BMW is the undisputed leader year after year. In the pursuit of excellence, we celebrate every accomplishment with pride. But we
      97 words

  • Page 33 Advertisements
    • 195 33 BEAUTY IN TECHNOLOGY. AND TECHNOLOGY IN BEAUTY. Designed to challenge the limits of automobile engineering, the BMW 5 Series is one of the most beautiful expressions of precision and performance. TwinPower Turbo engines, with High Precision Injection systems that captivate the eye and mind. A double-wishbone front suspension that enhances
      195 words

  • Page 34 Advertisements
    • 115 34 SINGAPORE'S NO. 1 LUXURY SEDAN'. Winner of the Red Dot Design Award 2010, the BMW 5 Series is a testament to the Art of Creation where elegance, dynamism, efficiency and comfort converge to create an extraordinary driving experience. The presence of TwinPower Turbo engines, 8-speed automatic transmission Steptronic and innovative
      115 words