The Business Times, 22 June 2011

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Microfilm: NL31534
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, June 22,2011
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  • Article, Illustration
    Lock icon Esplanade has a new star – its parking lots
    663 1  - Esplanade has a new star its parking lots Office landlords approach it to meet parking needs By EMILYN YAP [SINGAPORE] The glitzy Esplanade is attracting more visitors these days but for reasons less arty and more ordinary parking lots. Two office landlords have approached Esplanade for hundreds of parking lots
    ST FILE PHOTO  -  663 words
  • Article, Illustration
    Lock icon S’pore poised to rule wealth management
    765 1  -  By 2013, it will be top of the league, overtaking Switzerland and London: PwC By GENEVIEVE CUA [SINGAPORE] Singapore is expected to leap to the top spot as the world’s largest wealth management centre by 2013, surpassing Switzerland and London. This is one of
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  • Article
    Lock icon MARKETS DIGEST
    144 1 GST INDEX 3,053.51 (+39.91) G ST INDEX FUTURES 3,054 (+40) G SIMSCI 352.38 (+5.21) G SIMSCI FUTURES 352.20 (+5.20) FOREX US$ S$ US$ (S$ per US$) 1.235 (US$/S$ per 1.623 2.004 EURO (US$/S$/E) 1.436 1.774 Foreign currency per US$ S$ YEN 80.20 64.90 RM 3.028 2.452 HK$ 7.788
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      37 1 EXECUTIVE MONEY Stocks at their cheapest in 26 years PAGE 28 Leaving a meaningful mark behind Beyond transferring wealth to the next generation, legacy planning allows individuals to bring about real change PRIVATE WEALTH PURSUITS Page 30
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      13 1 STRAIT TALK Putting in place fourth pillar of regulation PAGE 20 *****1 *****4
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      170 1 COMMENTARY Trade in a restructuring world PAGE 19 COMPANIES Brokers cautious but see more upside for STI PAGE 4 t fx" v; r W/ i Originality isn't about following a set standard. Rather, it sets the standards that others seek to follow. With this philosophy, we created Hilltops. Set above
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      545 2 Singapore poised to rule wealth management SINGAPORE is expected to leap to the top spot as the world’s largest wealth management centre by 2013, surpassing Switzerland and London. This is one of the findings of a survey of 275 institutions in 67 countries by PricewaterhouseCoopers in its latest
      545 words
    • Article, Illustration
      Lock icon Airbus steals Paris Airshow with US$26.1b of orders
      644 2  -  It is offering winglet retrofit for the more than 300 operators of the A320s By VEN VEN SREENIVASAN in Paris THE Paris Airshow is being dubbed by some as the “Airbus Airshow” as the European planemaker continued to scoop up record order
      BLOOMBERG  -  644 words
    • Article, Illustration
      Lock icon Mah Bow Tan advising Yellow Pages: sources
      625 2  -  By TEH SHI NING [SINGAPORE] Global Yellow Pages, which recently announced plans focusing on SMEs, may have landed a heavyweight adviser in former Minister for National Development Mah Bow Tan. Sources say that Mr Mah has been an adviser to the executive committee
      ST FILE PHOTO  -  625 words
    • Article
      Lock icon S’pore to test out new digital broadcasting
      376 2  -  MDA to put in place network to assess viability of DVB-T2 By WINSTON CHAI [SINGAPORE] Local authorities will invest $2.5 million to test out a new digital broadcasting standard that could allow more ra-zor-sharp high-definition programmes to be beamed over-the-air to local households.
      376 words
    • Article
      Lock icon NCS launches new business initiative
      344 2  -  By AMIT ROY CHOUDHURY [SINGAPORE] NCS yesterday announced the launch of a new business initiative at the Infocomm Media Business Exchange (imbX 2011). According to the wholly owned subsidiary of Singapore Telecommunications (SingTel), it is setting up a business unit named Catalyst. The unit will
      344 words
    • Article, Illustration
      Lock icon Snag in oil production may hit M’sian GDP
      462 3  -  Crude exports fall 11.5% in Q1 due to decreased output at the deepwater field off Sabah By S in Kuala S JAYASANKARAN in Kuala Lumpur MALAYSIA could have easily lost more than RM1.4 billion (S$569 million) in its first quarter because of
      462 words
    • Article, Illustration
      Lock icon Accept and respect poll result, Thais told
      696 3  -  July 3 election likely to give the economy a massive boost By LEE U-WEN [SINGAPORE] Seven leading business and media groups in Thailand have issued a strongly worded joint statement insisting that the outcome of the July 3 general election be respected by
      AFP  -  696 words
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      190 2 Permanent Establishments: Detecting and Minimising Unintended Tax Liabilities The unintended creation of Permanent Establishments (PE) is a continuous and growing concern for companies with overseas operations. Many discover that they have accidentally created a PE which puts them in a country’s tax net. Are you absolutely certain that you have
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      291 3 ENJOY UP TO 5.48% P.A. WITH OUR FOREIGN CURRENCY TIME DEPOSITS. OCBC PREMIER BANKING Take advantage of attractive interest rates when you open a Foreign Currency Time Deposit with us. *Conversion from another convertible currency is required to open a Chinese Renminbi (RMB) time deposit. To join OCBC Premier Banking
      291 words
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  • Article
    Lock icon Brokers cautious but see more upside for STI
    623 4  -  Stock prices now reasonable but market hesitant over uncertainties By MICHELLE TAN SINGAPORE stock prices are now at reasonable levels in terms of valuations but the sky is not about to clear for the local market. Based on the prognosis of brokers
    623 words
  • Article, Illustration
    Lock icon SingTel to launch 4G services by year-end
    477 4 Reuters [SINGAPORE] Singapore Telecommunications is launching fourth-genera-tion (4G) mobile network services in the city-state later this year with 200 base stations as it aims to ramp up multimedia services, the company said. “Today, multimedia and ICT (information and communication technologies) contribute roughly about
    Reuters; FILE PHOTO  -  477 words
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      3581 4 SATS Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 38thAnnual General Meeting of SATS Ltd. (the “Company”) will be held at the Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore
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  • Article
    Lock icon Oil trader to head SGX commodities segment
    496 5  -  Singapore Mercantile Exchange appoints interim CEO By FELDA CHAY SINGAPORE Exchange (SGX) has appointed veteran gasoline trader Julie Heng to head the commodities segment of its business as it steps up efforts to become the leading commodities exchange in Asia. Ms Heng will
    496 words
  • Article
    Lock icon Lizhong ties up with Italy’s HT&L Fitting
    226 5  -  By CARINE LEE MAINBOARD-LISTED Lizhong Wheel Group has partnered Italian wheel-fitting specialist HT&L Fitting SPA to set up a plant in China’s Hunan province for wheel assembly and related services. Lizhong Wheel, through its wholly owned subsidiary Baoding Lizhong Wheel Manufacturing, and HT&L
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      346 5 It’s not every day that you get to create an estate. Universal Life plans for the first time in SGD. 34°S–San AntoniodeAreco,Argentina At HSBC Premier, we understand that securing your family’s future is your top priority. Legacy planning allows you to set aside more for your loved ones and protect
      346 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Europe, Wall St still set direction
      570 6  -  ST Index advances 39.9 points on Greece debt hopes and ahead of US FOMC meeting STOCKS R SIVANITHY Senior Correspondent A 1.2 per cent rise in Hong Kong and a strong opening for Europe yesterday enabled the Straits Times Index (STI) to gain 39.91
      Source: Bloomberg  -  570 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 21 VALUE CLOSE BT OB/OS -798.00 +185.0 BT CADI -*****.00 +233.0 BT 10-day MA -*****.00 -80.00 FTSE ST Mid Cap 733.49 +8.99 FTSE ST Small Cap 508.36 +10.05 FTSE ST All Share 746.69 +9.98 FTSE ST China Top 250.15 +5.15 FTSE ST China 289.70 +3.22 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Artivision 114,470,000 Genting SP 74,295,000 Golden Agri 43,849,000 HPH Trust US$ 38,845,000 Gallant 36,063,000 SingTel 30,705,000 Dyna-Mac 29,019,000 NOL 24,665,000 Noble Grp 22,353,000 CarrierNet 22,121,000 VALUE($) Genting SP 139,311,980 Keppel Corp 93,836,500 SingTel 93,763,030 UOB 58,112,100 CapitaLand 52,994,914 DBS Grp 50,389,080 OCBC Bk 48,803,980 Noble Grp
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 0 3 0 0 0 13 0 3 Manufacturing 85 21 57 4 4 9 89 25 66 Commerce 36 12 10 2 4 4 38 16 14 Tpt/Stor/Comms 28 5 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 61,084 61,084 136,546 136,546 Manufacturing 199,670 24,932 224,602 168,590 364 168,954 Commerce 68,375 1,991 70,366 116,645 277 116,922 Tpt/Stor/Comms 160,121 7,320 167,441 255,765 798 256,563 Finance 21,544 21,544 188,091 188,091 Construction 17,019 1,779 18,798 4,093
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.430 +0.030 CapitaLand 2.850 +0.090 CapitaMall 1.910 CityDev 10.480 +0.360 ComfortDelGro 1.380 +0.020 DBS Grp 14.400 +0.240 F&N 5.720 +0.040 GLP 2.010 +0.010 Genting SP 1.890 +0.050 Golden Agri 0.675 +0.010 HK Land 7.280 -0.040 JMH 54.100
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    • Article, Illustration
      Lock icon QUICKCHART
      442 6  -  by Kim Eng Research Eyeing a breakout The stock has been in a bullish trend for the past 12 months. Prices have held above the moving averages, buoyed by strong momentum. The recent price movement is an attempt to break out above the high of $2.55. RSI (14) is
      442 words
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      267 6 Trading on The move KE Trade dp Q KE Trade Mobile App Available on Android, BlackBerry® and iPhone OS. ut KIM ENG AT HOME IN ASIA Make 3 trades in 1 week and get shopping vouchers. Exclusive Promotion for M1 Clients Trade and Get $80 M1 voucher. To open an
      267 words
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  • COMPANY NEWS
    • Article
      Lock icon 800 Super Holdings seeks Catalist listing
      330 7  -  Waste management company lodges preliminary IPO prospectus By JAMIE JAMIE LEE WASTE management company 800 Super Holdings plans to list on the Singapore Exchange’s Catalist board. The Singapore-based company lodged its preliminary IPO prospectus yesterday making it possibly the second Catalist listing in this
      330 words
    • Article, Illustration
      Lock icon Novo Q4 profit dives 47.2% to US$868,000
      380 7  -  By KELLY TAY STEEL trading, distribution, and manufacturing company Novo Group Ltd (Novo) registered a 47.2 per cent year-on-year drop in net profit to US$868,000 for the fourth quarter ended April 30. Revenue for Q4 FY2011 came in 72 per cent higher at
      380 words
    • Article
      Lock icon Hedge funds gather net US$8.1b in May
      131 7 Reuters [TOKYO] Hedge funds gathered a net US$8.1 billion in May, recording their sixth consecutive month of positive flows, a research report from industry tracker Eurekahedge showed yesterday. Net flows for the first five months of 2011 stood at US$113.8 billion. The industry’s
      Reuters  -  131 words
    • Article
      Lock icon Mencast acquiring Unidive for $14.85m
      353 7  -  By TEO SI JIA MENCAST Holdings has unveiled another acquisition in a further move to diversify its earnings base. The sterngear equipment manufacturer and services provider said yesterday that it has entered into an agreement to acquire Unidive Marine Services Private Limited for $14.85 million.
      353 words
    • Article
      Lock icon FALLS
      117 7 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 *****-238.0 -2.2 DBXT S&P Short 10US$ 4382 -30.9 -0.6 DairyFarm 871 -23.5 -2.1 Lyxor LatinAmerica 1 874 -21.0 -1.9 KepCorpMBLeCW*****1 11.5 -19.5 -62.9 Fuji Offset 20 -10.0 -33.3 STI 3200BNPePW*****8 34.5 -7.5 -17.9 DBXT MSWorld 10US$ 317 -6.2 -1.6 STI 3150 DBePW*****1
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    • Article
      Lock icon RISES
      124 7 BY CENTS CLOSE UP IS S&P500 ***** 170.4 1.1 JMH 5410 108.6 1.7 DBXT MSAsExJp 10US$ 3276 70.4 1.8 DBXT Nifty 10US$ ***** 65.4 0.4 DBXT FTVietnam 10US$ 3013 51.9 1.4 DBXT MSJAP 10US$ 3737 49.4 1.1 CityDev 1048 36.0 3.6 DBS Bk 4.7% NCPS 100 ***** 36.0 0.3
      124 words
    • Article
      Lock icon Reit players see growth via acquisitions in region
      457 8  -  This will be driven by market liquidity and reduced capital cost REAL ESTATE INVESTMENT WORLD ASIA By UMA SHANKARI ASIAN real estate investment trusts (Reits) are poised to grow through acquisitions, industry players said at a forum yesterday. The industry players, who
      457 words
    • Article
      Lock icon Asian assets: more value than US bonds
      357 8  -  Reports by CARINE LEE “HOLD on to Asian assets in the long run,” said Marc Faber at the Real Estate Investment World Asia convention yesterday. Advising against investments in US assets and funds, the investment analyst pointed out that the focus of deflationists
      357 words
    • Article
      Lock icon Office and retail sector seen as better bet
      347 8 WITH rapid economic growth, office and retail development is the next sector to watch, said Justin Chiu, executive director of Cheung Kong Holdings Limited, Hong Kong. Speaking during a panel discussion at the Real Estate Investment World Asia conference on repositioning for
      347 words
    • Article, Illustration
      Lock icon CapitaLand aims to double China portfolio in 5 years
      548 8 Bloomberg [SHANGHAI] CapitaLand Ltd, which has $10.4 billion of assets in China, said that it is aiming to double its portfolio in the country in the next five years as it expects the economy to expand over the next decade. CapitaLand,
      Bloomberg  -  548 words
    • Article
      Lock icon Tampines DBSS: prices of up to $778k
      251 8 SIM Lian Group yesterday said that flats at its Centrale 8 public housing project in Tampines will sell for up to $778,000 lower than the previous indicative top price of $880,000. The property group, which is developing Centrale 8 under HDB’s design, build
      251 words
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      94 words
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      134 8 WINE DINE AND HOSPITALITY am MOET&CHANDON MOET&CHANDON m IS H^R^ I I I I I I I SUNDAY BRUNCH EQUINOX RESTAURANT Last Sunday Of Every Month S$148++ per person Free-flow of Moet Chandon Rose Champagne Be tickled pink by Cocktail Architect Richard Gillam's free flow of cocktails All-new brunch buffet
      134 words
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  • SINGAPORE NEWS
    • Article
      Lock icon CBD building up for sale, 2 URA tenders launched
      646 9  -  Tenders are for plots for condos in Potong Pasir, landed housing in Serangoon Gdns By NICHOLAS YEO AT least three opportunities for those seeking property investments here were rolled out yesterday. Within the central business district (CBD), SEB Investment put up
      646 words
    • Article, Illustration
      Lock icon Govt pumps $15m into retail and hospitality apps to boost mobile tech
      488 9  -  COMMUNICASIA By VICTORIA HO THE government is keen to spur the use of mobile technologies within the retail and hospitality sectors, and is putting $15 million toward that into an industry call-for-collaboration. Minister for Information, Communications and the
      LIANHE ZAOBAO  -  488 words
    • Article
      Lock icon SiTF launches Green IT course
      346 9  -  By AMIT ROY CHOUDHURY KEEPING in mind environmental concerns about the excessive use of information technology, a new Green IT certification course was officially launched yesterday at the Infocomm Media Business Exchange, imbX 2011. Green IT refers to environmentally sustainable computing. IT systems today are
      346 words
    • Article, Illustration
      Lock icon DP SME 1st bureau to get unpaid maintenance reports
      379 10  -  By MINDY TAN DP SME Commercial Credit Bureau yesterday announced that it is the first credit bureau designated by the Ministry of Community Development, Youth and Sports (MCYS) to receive reports on unpaid maintenance arrears. Persons who fail to receive their
      FILE PHOTO  -  379 words
    • Article
      Lock icon Clarification
      125 10 IN yesterday’s report, “Becoming a big fish in the deep blue sea”, we mentioned that Noeldive is a diving specialist and subsea contractor. The company has clarified that it is a subsea specialist, and has clinched more than US$9 million worth of contracts since its inception. Its revenue is
      125 words
    • Article
      Lock icon Singapore can be regional LNG trading hub: IEA
      587 10  -  It will be like Henry Hub in the US or National Balancing Point in the UK By RONNIE LIM SINGAPORE’S move to diversify to liquefied natural gas (LNG) use, with its LNG terminal on Jurong Island up and running in early 2013,
      587 words
    • Article
      Lock icon Indian entrepreneur awards revamped
      465 10  -  By LESTER HIO THE Singapore Indian Entrepreneur Awards has just gotten more exciting now that changes are being introduced to attract more applicants, with an entirely new category being introduced. The Singapore Indian Chamber of Commerce and Industry (SICCI) announced the changes to the SICCIDBS Singapore
      465 words
    • Article, Illustration
      Lock icon Providing a full customer experience
      983 10  -  With an impressive customer retention rate of almost 95%, Stolz Engineering appears to have hit upon a winning formula, EMERGING ENTERPRISE reports WONG SU-JIN JUST three years ago, Mark Tan struck out on his own to found Stolz Engineering an audacious venture which last year
      ARTHUR LEE  -  983 words
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      532 9 TOSHIBA Leading Innovation »> Windows®. Life without Walls™. Toshiba recommends Windows 7. Toshiba Group contributes to the sustainable future of planet Earth. V': ii •m* i .-t v/ ,V£i mm s Til i- 1 f JSC H2 V-' A iT* m r F il 09 vS •V •i.T Suv ■>
      532 words
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      211 10 Srjp« m c?«) aajoHSnSts# SINGAPORE CHINA (NINGBOI IMPORT AND EXPORT FAIR 20 July 22 July, 2011 9am 6pm Suntec Singapore International Convention Exhibition Center (402 Hall) NSExpo 011 Singapore China (Ningbo) Import and Export Fair is organised by Ningbo Foreign Trade Economic Cooperation Bureau, China. With 3,300 sq.m. exhibiting area
      211 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Pumping cash into banks will not solve Japan’s ills: BOJ
      709 11 The central bank is under fire from critics for economy’s slow recovery Reuters [TOKYO] The Japanese economy, in and out of recessions and deflation for the past decade and now recovering from a deadly earthquake, tsunami and a nuclear crisis,
      Reuters; AP  -  709 words
    • Article
      Lock icon Brazil ‘needs to stay vigilant’ against inflows
      375 11 Bloomberg [RIO DE JANEIRO] Brazilian central bank president Alexandre Tombini said the government needs to remain “vigilant” in fighting capital inflows that have pressured the currency, domestic demand and consumer prices in Latin America’s biggest economy. Mr Tombini, speaking on Monday at an
      Bloomberg  -  375 words
    • Article
      Lock icon US banks’ Q1 trading income up 33%
      423 11 Reuters [NEW YORK] US bank holding companies including Goldman Sachs and JP Morgan raked in US$2.7 billion in commodity and other trading revenue in the first quarter, the highest in at least two years. Revenues surged 67 per cent from the fourth quarter
      Reuters  -  423 words
    • Article
      Lock icon Migration from NZ to Australia hits record
      230 11 AFP [WELLINGTON] New Zealanders are migrating to Australia in record numbers following the Christchurch earthquakes, official data showed yesterday. The net number of people leaving New Zealand for Australia in May this year was 3,300, Statistics New Zealand said, eclipsing the previous monthly
      AFP  -  230 words
    • Article
      Lock icon Korea urged to boost birthrate, welfare spending
      415 11 AFP [SEOUL] South Korea should push more familyfriendly policies in the workplace to boost the birthrate and narrow the education gap between rich and poor to ensure long-term growth, the Organisation for Economic Co-operation and Development (OECD) said yesterday. The OECD, in a
      AFP  -  415 words
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      423 11 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 2 YEARS TOTAL AMOUNT OFFERED SGD 2,200,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** NIL ISSUE CODE NX*****Z (REOPENED) ISIN CODE SG********** ISSUE DATE/SETTLEMENT DATE 01 JULY 2011 MATURITY DATE 01 JULY 2013 COUPON RATE
      423 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Muhibbah Engg shares slide on APH’s woes
      533 12  -  Investors worry that payment for work done may be uncollectable By PAULINE NG in Kuala Lumpur financial THE financial troubles plaguing in-receivership Asia Petroleum Hub (APH) continue to weigh on its main contractor, Muhibbah Engineering, with investors concerned that payment for work completed
      533 words
    • Article, Illustration
      Lock icon M’sian activists plan protests
      511 12 Opposition groups demand changes to polling laws AP [KUALA LUMPUR] Malaysian activists demanding electoral reforms yesterday vowed to hold a massive demonstration next month, raising fears of clashes with police in what could be the country’s biggest street protest in nearly four years. Opposition-backed activists said
      AP; REUTERS  -  511 words
    • Article, Illustration
      Lock icon Jakarta offers Newmont stake to regional govt
      471 12 West Nusa Tenggara govt has to form a consortium by midAug to buy the stake: minister Reuters [JAKARTA] Indonesia’s central government is offering a quarter of its 7 per cent stake in the local unit of Newmont Mining Corp to the regional government
      Reuters; REUTERS  -  471 words
    • Article
      Lock icon Election body in KL vows to curb fraud
      376 12 AFP [KUALA LUMPUR] Malaysia has unveiled plans to fingerprint voters to combat fraud in the next elections, under pressure from activists planning a mass rally next month over claims of rampant vote-rigging. Opposition parties and electoral campaigners say that the July 9
      AFP  -  376 words
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      172 12 ajn Charming Bungalow e SerangoonGarden Proximity: Lycee Francaise Australian Int School Sizzling Hot 12,800 Per Month JERRY LUM Snr Marketing Director, MBA, CES HTw HP: 8288 0098 View: jerrylum.myweb.sg ONE Million Dollar CASH |L WAT-3 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF SALTE
      172 words
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      121 12 rsi Like us on Facebook Sediment > Removes large, un-dissolved particles Ie: dust, sand, rust and all other harmful solid particles. T Pre-Carbon n> Removes residual chlorine organic chemicals, as well as get rid of bad taste odours. 4 Ultra-fine Removes bacteria, clay particle, suspended metal hydroxides, colloidal silica, bacteria
      121 words
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      679 12 WATci NOTICES BUY IT• SELL IT• FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINBEST INVESTMENT PTE LTD (Co. Reg. No.: *****1127Z) (In Member’s Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 17 June 2011 the following
      679 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s economy shows slowing signs
      678 13 Rising labour costs, mounting local govt debt threaten to weaken growth NYT [SHANGHAI] New economic analyses of China provide further indication that the nation’s supercharged economy is beginning to slow, and warn that soaring inflation, rising labour costs and mounting local government debt threaten to
      NYT; AP  -  678 words
    • Article
      Lock icon Orissa halts land acquisition for US$12b Posco steel plant
      328 13 Reuters [BHUBANESWAR, India] An Indian state has stopped acquiring land for a proposed US$12 billion steel plant to be built by South Korea’s POSCO after protests, further delaying the biggest foreign direct investment in Asia’s third largest economy. The project by
      Reuters  -  328 words
    • Article
      Lock icon IEA: China, India growth may slip on high oil prices
      510 13 Reuters [SINGAPORE] High crude prices may derail growth in China and India, the two nations that have helped the global economy overcome the financial crisis, the International Energy Agency (IEA) said. “High oil prices are a significant risk to derailing
      Reuters  -  510 words
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      257 13 Organised by Main Sponsor Knowledge Advisor SINGAPORE INDIAN CHAMBER OF COMMERCE INDUSTRY £3 DBS Living, Breathing Asia RSM Chio Lim SICCI's 86" Anniversary Dinner and Presentation Ceremony for the SICC T DBS Singapore V dian Entrepreneur Award of-Hoir^'r WrW SICCI-DBS Singapore Indian Entrepreneur Awards 2 011 Platinum Sponsor APPLICATIONS ARE
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      542 13 WATER FOR CITIES Clean and Affordable Water WATER LEADERS SUMMIT ii SK sfc A, m mi -d' r Water may be one of the most undervalued natural resources in the world but its impact on economic growth, food supply, and healthcare, to name a few, cannot be understated. More than
      542 words
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  • WORLD
    • Article, Illustration
      Lock icon Investors may lose C$705m as Paulson dumps Sino-Forest stake
      757 14 Move comes after China forestry firm allegedly overstated its timber holdings Bloomberg [NEW YORK] John Paulson’s US$37 billion hedge fund sold its entire stake in Sino-Forest Corp, the Chinese tree-plantation owner accused of overstating timber holdings, dealing investors a potential C$705
      Bloomberg; BLOOMBERG  -  757 words
    • Article
      Lock icon Apple shares hit their lowest level in 7 months
      542 14 Reuters [NEW YORK] Apple Inc shares are deteriorating in a way not seen since the financial crisis. The iPhone and iPad maker had been a stalwart since the spring of 2009, when the market entered recovery mode, but its recent decline
      Reuters  -  542 words
    • Article
      Lock icon PICTET FUNDS
      298 14 Pictet-Absl Rtn Glo Cons-P EUR 17.0 6.2011 EUR 100,97 Pictet-Absl Rtn Glo Div-P EUR 17.0 6.2011 EUR 114,04 Pictet-Asian Equities Ex Japan-P USD 17.0 6.2011 USD 178,42 Pictet-Asian Local Currency Debt-P USD 17.0 6.2011 USD 143,03 Pictet-Biotech-P USD 17.0 6.2011 USD 310,85 Pictet-CHF Liquidity-P 17.0 6.2011 CHF 124,19
      298 words
    • Article
      Lock icon Banks lose ruling on stock news publishing
      551 14 Now, websites can put up research recommendations NYT [NEW YORK] A federal appeals court ruled on Monday that investment banks could not stop a financial website from immediately publishing the research recommendations of their stock analysts, delivering a blow to Wall Street and
      NYT  -  551 words
    • Article
      Lock icon Aussie climate scientists receive abusive emails
      420 14 Reuters [SINGAPORE] Australian climate scientists say they have received death threats, emails with sexual slurs and other insults in a surge of abuse that appears to be a coordinated campaign of intimidation. The threats have come as the government tries to step up the
      Reuters  -  420 words
    • Article, Illustration
      Lock icon Foster’s rejects SABMiller A$9.5b offer as too low
      697 15 But investors predict the Aussie brewer will succumb to a slightly higher offer Reuters [MELBOURNE] Foster’s Group yesterday rejected a A$9.5 billion (S$12.4 billion) cash takeover offer from global giant SABMiller as too low, but investors predicted Australia’s largest brewer would succumb
      Reuters; REUTERS  -  697 words
    • Article, Illustration
      Lock icon Italian brands ooze energy on Asian demand
      635 15 AFP [MILAN] Style-king Giorgio Armani’s label sashayed down the catwalk at Milan men’s fashion week yesterday, as Italian brands shake off the economic crisis thanks to Asia’s insatiable appetite for luxury goods. International powerhouse Prada will begin trading in Hong Kong on Friday
      AFP; AP  -  635 words
    • Article
      Lock icon Blockbuster bank deals are back
      602 15 Healthier banks are poised to buy assets from weaker rivals AFP [NEW YORK] Two major US bank acquisitions in the past few days suggest that blockbuster bank deals are back, with healthier banks poised to buy assets from weaker rivals, analysts said. PNC Financial Services
      AFP  -  602 words
    • Article
      Lock icon Australia cuts coal export forecast
      525 15 Reuters [SYDNEY] Top coal supplier Australia cut export forecasts by over 5 per cent yesterday as the sector struggles to recover from some of the worst flooding on record. Higher prices will cushion the blow to the nation’s once-in-a-lifetime mining boom. Australia’s economy already took
      Reuters  -  525 words
    • Article, Illustration
      Lock icon BOA may trim stake in CCB: sources
      696 16 Move could help BOA raise capital to comply with tougher minimums Bloomberg [NEW YORK] Bank of America Corp may sell some of its US$21 billion stake in China Construction Bank Corp (CCB) to bolster capital before new international standards take effect, said three
      Bloomberg; REUTERS  -  696 words
    • Article
      Lock icon US justices reject bid to sue Wal-Mart
      604 16 Bloomberg [WASHINGTON] The US Supreme Court gave the country’s largest companies a new shield from multibil-lion-dollar lawsuits, as the justices rejected a bid to sue Wal-Mart Stores Inc on behalf of more than a million female workers. The ruling limits the ability of
      Bloomberg  -  604 words
    • Article
      Lock icon Unemployment figures show silver lining for Obama
      617 16 However, the figures tend to have a trickle-down effect LAT-WP [WASHINGTON] The national unemployment rate 9.1 per cent in May paints a grim political picture for President Obama as he turns his attention to the 2012 race. But dig slightly further into the
      LAT-WP  -  617 words
    • Article, Illustration
      Lock icon Nokia rolls out new phones to fight Apple, Google
      627 16 Bloomberg [MUMBAI] Nokia Oyj unveiled devices for consumers at both ends of its range as it fends off rising competition from both cheap unbranded handsets and smart phones powered by Google Inc’s Android. The “affordably priced” C2-03 model will target consumers
      Bloomberg; AFP  -  627 words
    • Article
      Lock icon Portland flushes millions of gallons of water
      493 16 AP [PORTLAND, Oregon] Call it the big flush. Because a 21-year-old man was caught on a security camera urinating into a city reservoir, Oregon’s biggest city is sending eight million gallons of treated drinking water down the drain. Portland officials defended the decision
      AP  -  493 words
    • Article
      Lock icon Resale home deals fall 3.8% in May to 4.81m
      462 17 Figure far below the 6m homes per year sold in healthy housing markets LATEST US DATA AP [WASHINGTON] Fewer Americans purchased previously occupied homes in May, bringing sales down to their lowest level of the year. Home sales sank 3.8 per
      AP  -  462 words
    • Article, Illustration
      Lock icon World Bank aids farmers with hedge tool
      451 17 Reuters Bloomberg [LONDON] The World Bank yesterday launched a new agricultural hedging tool that will provide an initial US$4 billion to help farmers in poorer countries deal with food price volatility. The World Bank said the Agricultural Price Risk Management tool will improve
      Reuters; Bloomberg; REUTERS  -  451 words
    • Article
      Lock icon Deflation could trigger another QE: BOE’s Fisher
      444 17 Reuters [LONDON] Britain’s economic recovery remains fragile and more quantitative easing (QE) could yet be needed if deflation becomes a risk, Bank of England (BOE) policymaker Paul Fisher said yesterday. Britain’s recovery is struggling to gain traction after a shock contraction at the
      Reuters  -  444 words
    • Article, Illustration
      Lock icon US issues graphic cigarette pack labels
      462 17 AP [RICHMOND] In the most significant change to US cigarette packs in 25 years, the government’s regulatory Food and Drug Administration (FDA) yesterday released nine new warning labels that depict in graphic detail the negative health effects of tobacco use. Among the images to
      AP; AFP  -  462 words
    • Article
      Lock icon Fitch to treat any Greek rollover as default
      623 17 DEBT CRISIS Reuters [SINGAPORE] Fitch Ratings has warned that it would treat a voluntary rollover of Greece’s sovereign bonds in any rescue package as a default and would cut the credit rating, keeping pressure on European policymakers who intend to outline a
      Reuters  -  623 words
    • Article
      Lock icon Europe banks told to gauge any loss from sovereign debt
      558 17 Reuters [LUXEMBOURG] Europe’s banks have been told to put a figure on potential losses from holdings in Greek and other sovereign debt to ensure a health check of lenders realistically reflects the deepening eurozone crisis. Sources involved in the European
      Reuters  -  558 words
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      473 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50), SECTION 78B(1)(c) AND IN THE MATTER OF MOTION INDUSTRIES PTE LTD (Incorporated in the Republic of Singapore Company Registration No: *****0089K) NOTICE IS HEREBY GIVEN THAT the following special resolution was passed by written means by members of Motion Industries Pte
      473 words
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      Lock icon Page 14 Advertisements Column 2
      166 14 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FARTEX INTERNATIONAL PTE. LTD. (REG. NO.: *****3290N) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of
      166 words
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      Lock icon Page 14 Advertisements Column 3
      264 14 STAR TOPAZ LIMITED (Company Registration No. *****2034N) (Incorporated in the Republic of Singapore) Notice to: (A) Holders of the outstanding S$260,000,000 Secured Floating Rate Notes Due 2013 (the “Portfolio 1 Series A Notes”) of Star Topaz Limited (the “Company”); (B) The Bank of New York Mellon (formerly known as The
      264 words
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  • Page 15 Advertisements
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      101 15 VICTORIA UNIVERSITY MELBOURNE AUSTRALIA MBA in 1 Year a Founded in 1916, Victoria University has over 50,000 students and is internationally reputed for its approach to teaching, winning multiple awards for outstanding collaborations between business and higher education. Study for the prestigious Victoria University MBA in Singapore and complete the
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  • EDITORIAL & OPINION
    • Article
      Lock icon Greek crisis becoming murkier
      488 18 EDITORIAL THE eurozone’s slow-motion dance around the simmering sovereign debt crisis in Greece is good for neither itself, nor Greece, nor the financial markets, nor the global economy. The picture is getting murkier. The latest is that eurozone finance ministers have postponed to July 3 a
      488 words
    • Article, Illustration
      Lock icon High time for Republicans, Democrats to agree fiscally
      815 18  -  THE BOTTOM LINE LEON HADAR Washington Correspondent WASHINGTON’S two leading political rivals made history over the weekend when they decided to leave their differences behind and work together to win a major victory. Indeed, US President Barack Obama and the Republican Speaker
      815 words
    • Article, Illustration
      Lock icon The eurozone: A recipe for self-preservation
      983 18  -  The big issue is to prevent a bank panic in the periphery of the eurozone By HUGO DIXON GREECE is likely to receive another shortterm sticking plaster after the eurozone’s leaders stared into the abyss. But a repeat of the drama of recent days
      REUTERS  -  983 words
    • Article, Illustration
      Lock icon Trade in a restructuring world
      1122 19  -  We’re approaching the time when emerging markets will do more trade among themselves than with the West and Japan By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian
      REUTERS  -  1,122 words
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      Lock icon A capital idea for US banks
      908 19  -  By JOE NOCERA NYT CAPITAL matters. Let me put that another way. The current fight over additional capital requirements for the banking industry, eye-glaz-ing though it is, also happens to be the most important reform moment since the financial crisis broke out three years
      NYT; BLOOMBERG  -  908 words
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  • TransportHUB
    • Article
      Lock icon Slight drop seen in Asian oil tanker rates
      465 20 Clean-tanker rates may also dip due to weak demand for oil products Reuters [SINGAPORE] Rates for crude oil tankers on key Asian freight routes are expected to fall slightly in the short term as demand for Middle East crude softens following a
      Reuters  -  465 words
    • Article, Illustration
      Lock icon Worker shortage seen as LNG fleet grows
      512 20 Shipowners forced to hire staff from other areas of the industry Bloomberg [LONDON] Expansion in the global fleet of liquefied natural gas (LNG) tankers may cause a shortage of shore-based workers qualified to manage the ships, said Faststream Ltd, the largest recruiter for
      Bloomberg; BLOOMBERG  -  512 words
    • Article
      Lock icon Putting in place the fourth pillar of shipping regulation
      1183 20  -  The MLC will ensure the well-being of ships’ crews STRAIT TALK By DAVID HUGHES LAST week, Singapore became the first Asian country, and only the 14th worldwide, to ratify the International Labour Organisation’s (ILO) Maritime Labour Convention 2006 (MLC). So why
      1,183 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Jun 21 S$ +/-Vol CH Offshore 0.43 0.01 279 Chuan Hup Hldg 0.25 0.01 203 Cosco Corp 1.84 0.09 ***** CWT Ltd 1.25 0.03 1796 Ezra Hldgs 1.35 0.03 7470 First Ship Lea 0.35 -0.02 4900 Freight Links 0.06 -0.01 330 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Lockheed may offer F-35 to India
        724 21 Still in development, the jet is Pentagon’s costliest weapons programme PARIS AIR SHOW Bloomberg [PARIS] Lockheed Martin Corp may offer its latest F-35 stealth fighter jet to India in a bid to rejoin the Asian country’s US$11 billion combat-jet competition after the company’s older
        Bloomberg; AP  -  724 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3295 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 --BA7382 2225 JL7893 2225 --MU8439 2225 QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad SQ531
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      • Article
        Lock icon Ryanair mulls Comac plane order
        589 21 Bloomberg [PARIS] Ryanair Holdings plc, Europe’s biggest discount airline, said that it is exploring a requirement for at least 200 single-aisle jets with Commercial Aircraft Corp of China after signing an accord to help develop the C919 model. Ryanair is interested in a variant of
        Bloomberg  -  589 words
      • Article, Illustration
        Lock icon Defence firms venture into cyber security
        469 21 They are battling to stay one step ahead of hackers Reuters [LE BOURGET, France] A spate of high-profile online break-ins has given defence firms at the Paris Air Show a new sales pitch: cyber security. Targeted by hackers looking to steal source codes, R&D
        Reuters  -  469 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Tata car parts maker plans US$245m IPO
        568 22 Proceeds will be used to cut debt, expand capacity: managing director Reuters [MUMBAI] Car parts maker Tata Autocomp Systems, part of the US$68 billion diversified Tata group, plans to raise at least US$245 million through an initial share sale in the next 2-3
        Reuters  -  568 words
      • Article, Illustration
        Lock icon Sri Lanka trishaw drivers’ No to Nano cabs
        246 22 They fear losing business if Indian car’s taxi service is allowed to expand AFP [COLOMBO] Hundreds of rickshaw drivers blocked streets in Sri Lanka’s capital yesterday to protest against the entry of India’s Tata Nano, billed as the world’s cheapest car, into
        AFP; XINHUA  -  246 words
      • Article, Illustration
        Lock icon China carmaker to sell 1.42b yuan shares
        746 22 Bloomberg [SHANGHAI] BYD Co, the Chinese carmaker backed by Warren Buffett, will raise 1.42 billion yuan (S$270.4 million) from its Shenzhen, China share sale, less than the company originally sought. BYD will sell 79 million shares at 18 yuan apiece, the company said
        Bloomberg; PHOTOS: REUTERS, BLOOMBERG  -  746 words
      • Article
        Lock icon ING in talks to sell 4b euro car leasing unit: report
        289 22 AFP [THE HAGUE] Dutch bank ING is negotiating a multi-billion-euro deal to sell its car leasing and fleet management arm, one of Europe’s largest, a news report said on Monday. “The business has been busy negotiating the deal in
        AFP  -  289 words
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      48 20 www.omy.sg r Celebrate S'fvgjOpor© aOil Crural) t Media Day Join us for A Day Of FUN! Photography Workshop Stage for Superstars-to-be Pasar Malam Charity Sales Stand to win a 3D2N trip tdj Hong Kong! 25 June 2011 [Saturday) 2pm-9pm SCAPE Atrium Gallery Details: http://project.omy.sg/sgsmd *Sg«8#«TaQR Reader BsfiQR ReaderftJiSiSSHi
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      Lock icon Page 20 Advertisements Column 2
      11 20 China pushesahead withplan tobuild 10mlow-cost homes Investors upbeaton building materialstocks Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      303 21 CRYPTIC CROSSWORD Across 1 Cryptic shone out producing brilliant spectacle (12) 9 Held in chains, is tentatively pressing (9) 10 There you are in France (5) 11 ‘Plod’ taking hard line (6) 12 Cracking, grassing about larceny tip (8) 13 About to trap snake, died and croaked (6) 15 Demolishes
      303 words
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      22 22 The NEW TQOltf Android app i qV3EHI00«7S BEST MUSIC THE MARRIED MEN weekdays from 6am s«t* DOWNLOAD IT FREE AT RADI09I3.COM NOW!
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      Lock icon Page 22 Advertisements Column 2
      56 22 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. t a a COMMUNITY heartbeat ..v.-'.-;;-' S55fgM*»"" PRIME TIME stop*"" prapwTy jfal a=S5 r m :xx. es For more details,
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8336 23 Transaction date: Jun 21 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 15.5 14.5 16.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 338 7.5 7.5 7 7.5
      8,336 words
    • Article
      Lock icon SGX CATALIST
      1521 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.5 4.5 19 3.9 202 154 t APStrategic 161 142 160 95.5 1.5 0.5 t Advanced System 0.5
      1,521 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9911 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.32/ APS Alpha Fund (USD)!** 1.06/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.63/ Asian Credit Fund
      9,911 words
    • Article
      Lock icon GLOBALQUOTE
      225 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 44.5 48 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US35.5 +1.5 ***** 36 34 35.5 36 2337.5 21 12 Over&Gen A15
      225 words
    • Article
      Lock icon SGX ETF
      851 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 113.5 118.5 534.1 1077 832 CIMBAsean40 100US$ US1027 +12 20 1027 1026 1026 1038 41.1 350 283 DBS STI
      851 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 20 Index Change Change Change Change Change Change World Index Preliminary 880.4 0.1 -1.9 0.2 -3.4 0.1 0.1 EAFE Preliminary 757.5 -0.5 -5.4 -0.4 -4.7 -0.5 -1.2 Europe Preliminary 1130.3 -0.7
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Jun 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.32 -1.05 WTI (Near Mth) 93.29 0.30 Dubai (1-Mth F) 105.60 -0.71 Tapis blend 117.59 -1.87 Minas 113.69 -1.87 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.33 -0.11 Jet Kerosene 125.65 0.10 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Jun 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1335.75 1333.00 1346.00 1331.75 Aug 11 1336.00 1333.50 1345.75 1332.00 Sep 11 1333.50 1332.75 1343.50 1330.25 Nov 11 1335.50 1333.25 1346.00 1330.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.02
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 25 Jun 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 22.09.2011 0.32 0.28 0.28 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.09 5-Year N*****0W 1.125 01.04.2016 100.37 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 25 Jun 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6250 0 6578 Dec11 99.5500 0 3213 Mar12 99.4850 0 1682 Jun12 99.3950 0 1966 EUROYEN TIBOR FUTURES Sep11 99.6675 0 1251 Dec11 99.6650 0 1392 Mar12 99.6550 99.6550 99.6550 99.6550 5 2128 Jun12 99.6525 0
      457 words
    • Article
      Lock icon SICOM FUTURES
      167 25 Jun 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 488.0 488.0 488.0 5 121 Sep 11 488.0 486.0 486.0 23 332 Oct 11 487.0 485.0 485.0 24 188 Nov 11 485.0 484.0 485.0
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      76 25 www.smx.com.sg As on 20 June 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1545.3 1535.6 1541.8 1539 Silver Cash Jul-11 36.06 35.745 Silver Cash Sep-11 36.075 35.755 CURRENCY Euro-US Dollar Sep-11 1.4284 1.4158 1.428 1.4269 Aust-US Dollar Sep-11 1.0432 1.0391 1.0459 1.0494
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jun 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.351 1.275 Can dollar 1.284 1.235 Euro 1.804 1.735 Sterling pound 2.041 1.963 NZ dollar 1.027 0.979 US dollar 1.252 1.204 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2604 25 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 2 1 4 29 Asia Water Tech Ltd W*****8
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    • Article
      Lock icon INTERBANK RATES
      177 25 Jun 21 $S Offer Bid 0vernight 0.02 0 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ 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
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    • Article
      Lock icon INTERBANK CROSS RATES
      461 25 Jun21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.842 0.737 8.240 47.496 90.945 0.848 11.413 3.204 1.301 90.680 46.004 1.307 7.153 0.892 30.622 32.318 0.652 1.058 Canada 0.967 6.620 0.713
      461 words
    • Article
      Lock icon SIBOR
      85 25 Jun 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      140 25 Jun 21 GOLD (US$/oz) Jun 21 Jun 20 Hong Kong 1546.80 1540.00 Jun 20 Jun 17 London 1537.54 1537.49 1538.40 1538.31 Source: Thomson Reuters CAST BAR Jun 21 (S$) Selling Buying Kilobar 65,698.00 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 418 307 10gm 746
      140 words
    • Article
      Lock icon LONDON METALS
      69 25 Jun 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2500.25 2516.25 3 months 2531.00 2545.00 Copper, Grade A (US$/tonne) Cash 8998.00 9087.00 3 months 9005.00 9095.00 Lead (US$/tonne) Cash 2433.75 2433.50 3 months 2450.00 2450.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Jun 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3060 1.3076 1.0578 1.0583 Canadian dollar 1.2637 1.2649 1.0235 1.0238 Euro 1.7730 1.7748 1.4361 1.4364 NZ dollar 1.0040 1.0053 0.8132 0.8136 Sterling pound 2.0033 2.0050 1.6226 1.6227
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jun 21 S$ Bid Offer 1-month 1.2346 1.2356 2-months 1.2345 1.2355 3-months 1.2344 1.2355 6-months 1.2340 1.2351 Source: OCBC
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    • Article
      Lock icon PALM OIL
      65 25 Jun 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3240 3252 3252 3230 445 6313 Jul 11 3224 3240 3240 3215 1619 ***** Aug 11 3219 3221 3230 3203 8778 ***** Sep 11 3215 3227
      65 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 25 Jun 21 Open High Sett STI Jun 3054 SIMSCI Jun 347.4 353.3 352.2 Taiwan Jun 300.1 303.7 303.1 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon LIFFE
      82 25 Jun 20 COCOA (£/tonne) Close Prev High/Low Jul 11 1848 1822 1850/1800 Sep 11 1857 1829 1862/1810 Dec 11 1881 1855 1886/1837 Mar 12 1897 1871 1902/1854 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2238 2302 2297/2229 Sep 11 2276 2342 2340/2269 Nov 11 2304 2372 2372/2298 Jan 12
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5454 26 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
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  • executive Money
    • Article, Illustration
      Lock icon Stocks at their cheapest in 26 years
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      Lock icon Paychecks as huge as Tajikistan
      862 28 A new report compares senior execs’ pay with other corp costs and measures NYT [NEW YORK] When does big become excessive? If the question involves executive pay, the answer is “often”. But despite the reams of figures about pay in any given year, shareholders often
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      158 28 /if® tp FLTTLRECHm SINGAPORE FutureChina Global Forum 2011 11-12 July 2011 The Ritz-Carlton, Millenia Singapore China in the Next Phase: Marching to a New Drumbeat Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including r amr+. r it A w Organizer iffijgfcUCU BUSINESS
      158 words
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  • PRIVATE WEALTH PURSUITS
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      Lock icon Leaving a meaningful mark behind
      1313 30  -  Beyond transferring wealth to the next generation, legacy planning allows individuals to bring about real change, reports TEH HOOI LING “What man really fears is not so much extinction, but extinction with insignificance. Man wants to know that his life has somehow counted, if not
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