The Business Times, 6 July 2011

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Microfilm: NL31562
Total Pages: 38
1 38 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, July 6,2011
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  • Article
    Lock icon SIA Cargo pilots strike deal, avert showdown
    645 1  -  Threat of industrial action lifts with hard-fought deal By VEN SREENIVASAN [SINGAPORE] After months of negotiations, Singapore Airlines Cargo pilots union and the company have resolved a series of longstanding disputes, thus avoiding a potentially divisive and acrimonious showdown at the Industrial Arbitration
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  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 3,129.69 (-23.75) H ST INDEX FUTURES 3,129 (-24) H SIMSCI 362.96 (-2.57) H SIMSCI FUTURES 362.60 (-3.30) FOREX US$ S$ US$ (S$ per US$) 1.227 (US$/S$ per 1.602 1.966 EURO (US$/S$/E) 1.448 1.777 Foreign currency per US$ S$ YEN 81.10 66.10 RM 3.008 2.451 HK$ 7.781
    144 words
  • Article, Illustration
    Lock icon M’sia to cut stakes in 24 GLCs through 2012
    722 1  -  Some may be listed, some sold; foreign players to get more room in services sector By S JAYASANKARAN in Kuala Lumpur THE administration of Prime Minister Najib Razak issued a powerful statement of intent yesterday with moves to sell stakes in
    722 words
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      68 1 CORPORATE FOCUS Out of the bathroom and into the oil fields PAGE 7 David Conner OCBC BANK Piyush Gupta DBS GROUP Wee Ee Cheong UOB GROUP Local bank chiefs have upped the ante on the competition, new opportunities and a possible price war while their foreign rivals are eyeing the
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      8 1 COMPANIES Delistings and the minority shareholder PAGE 6
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      172 1 TRANSPORT HUB Downbeat mood in shipping PAGE 17 EXEC MONEY Global correction in equities may have run its course PAGE 37 Hiii 1 L THE GREATEST RETAIN THEIR YOUTHFUL CURIOSITY. ERS Tamara Novichenko, voice instructor at the State Conservatoire, St. Petersburg, Russia sss Tamara Novichenko teaches tomorrow's world-class opera singers.
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tiger still in talks in Australia, ticket sales go on
      484 2  -  The airline also announces launch of S’pore-Cebu service from Sept 6 By VEN SREENIVASAN [SINGAPORE] Even as Tiger Airways’ senior management remained locked in crisis talks with Australian regulators, the airline continued to sell tickets in that country and yesterday
      AFP  -  484 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      464 2 Malaysia to cut stakes in 24 GLCs through 2012 THE administration of Prime Minister Najib Razak issued a powerful statement of intent yesterday with moves to sell stakes in government-linked companies and plans to open more doors in the services sector to foreign players. FRONT PAGE SIA Cargo
      464 words
    • Article
      Lock icon Genting buying Tanjong gaming unit: report
      364 2  -  By in Kuala S JAYASANKARAN Kuala in Kuala Lumpur GENTING Bhd has finalised a RM2.5 billion (S$1 billion) bid to acquire the gaming unit of tycoon Ananda Krishnan’s recently privatised Tanjong plc, The Star newspaper reported yesterday, citing sources. “They’ll be signing the deal
      364 words
    • Article, Illustration
      Lock icon GPCs get new leaders and members
      336 2 [SINGAPORE] New leaders and members of the 10 government parliamentary committees (GPCs) have been appointed, the People’s Action Party (PAP) announced yesterday. The appointees, consisting of new faces and experienced backbenchers, will serve a two-year term which starts once Parliament convenes later this year.
      FILE PHOTO  -  336 words
    • Article, Illustration
      Lock icon Water self-sufficiency a strategic priority: PM Lee
      543 4  -  Singapore’s water policy not driven only by economic rationale WATER WEEK By TEH SHI NING [SINGAPORE] The Republic’s water policy has been rooted in the recognition that self-sufficiency is a strategic priority, not just an economic one, Prime Minister Lee Hsien Loong said
      543 words
    • Article
      Lock icon Macau’s side-betting may be worth US$235b
      674 4  -  It’s 10 times reported revenues; Macau disputes US report By GRACE LEONG [SINGAPORE] The amount of unreported illegal sidebetting, a problem typically associated with junket operators in Macau, could be as much as 10 times that of reported revenues, according to the US Department
      674 words
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      581 2 UpcomingWorkshops for August 2011 Dates Workshop 1: Bonds and Notes 2 3 August 2011 Workshop 2: Credit Derivatives 25 26 August 2011 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant A 10% group discount is
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      20 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements >3® i MATS NOTICES 3(
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      396 3 Ik 1 V *i > K IK v v K Slol s I A n s "A 5 ■'"*> M 11 S?£ ■s mm w t r«C J ft ">■ m JTVN '■■V. t* I *s 4 V- iK "i> -O m at m A =Srs£3 Ir_; >: tPS! >
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      146 4 >Your Communication Lifeline. Prosper with the world's leading ICT provider. Today, information is everything. It's the core of your business and you can't exist without it. You have to have data in order for your business to thrive. At NTT Communications, we offer seamless connections throughout the world with secure
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      134 5 MARTELL COGNAC de MARTELL CORDON BLEU mmm w mi hi _l Z < LlI CO Martell Cordon Bleu congratulates Sean Lee as the winner of the ICON de Martell Cordon Bleu. His candid photographic works exemplify the creativity, independence and excellence that the House of Martell stands for, and will
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  • COMPANY NEWS
    • Article
      Lock icon Call to explore all options before delisting a firm
      1073 6  -  Observers say SGX appears unable to enforce exit offer rule By FELDA CHAY WITH minority shareholders often handed the shorter end of the stick in mandatory delistings, Singapore Exchange (SGX) should give more thought and explore all possible options before taking
      1,073 words
    • Article
      Lock icon SGX securities turnover up 8% at $28b in June
      430 6  -  Year-on-year rise comes despite 5% dip in volume By CARINE CARINE LEE DESPITE lower volume, total turnover value for the securities market of the Singapore Exchange rose 8 per cent year on year in June to $28.14 billion. Monthly market statistics
      430 words
    • Article
      Lock icon Sinobest to acquire OKH in reverse takeover deal
      340 6  -  By LYNETTE KHOO LOSS-MAKING IT services company Sinobest Technology Holdings has agreed to acquire an award-winning Singapore construction and property firm OKH Pte Ltd for $108 million by way of new shares. Under the reverse takeover deal, the vendor of OKH will
      340 words
    • Article, Illustration
      Lock icon ST Engg to expand presence in US as Europe growth slows
      391 6 Bloomberg [SINGAPORE] Singapore Technologies Engineering, Asia’s largest aircraft-main-tenance company by sales, wants to expand its presence in the US to make up for slower growth in Europe. Sales to Europe-based customers fell 17 per cent last year, the only
      Bloomberg  -  391 words
    • Article, Illustration
      Lock icon Sim Siang Choon joins hunt for black gold
      847 7  -  Old business that includes a bathroom products retail chain will be sold off CORPORATE FOCUS By JAMIE LEE CALL it a new flush. Sim Siang Choon, best known for making toilets, taps and bathroom products, is taking a whole new turn. The
      ARTHUR LEE  -  847 words
    • Article
      Lock icon New capital rules to benefit S’pore banks: Moody’s
      466 7  -  By EMILYN YAP SINGAPORE banks will benefit from the introduction of tougher capital adequacy rules, says credit rating agency Moody’s Investors Service. Moody’s was referring to the Monetary Authority of Singapore (MAS) announcement last week: lo-cally-incorporated banks will soon have to hold
      466 words
    • Article
      Lock icon SingPost buys stake in China’s 4PX
      210 7  -  By JASMINE NG SINGAPORE Post (SingPost) has, through its wholly owned subsidiary Quantium Solutions International (QSI), acquired a 20 per cent stake in Shenzhen 4PX Express Co for 60 million yuan (S$11.4 million). 4PX provides international express delivery services, freight forwarding, and import and
      210 words
    • Article
      Lock icon SingTel unveils new F1 race car simulator
      227 9  -  By DICKSON LI THE most advanced race car simulator in Singapore yet was unveiled yesterday by Singapore’s F1 title sponsor SingTel. The new BRD V2-500 Formula One™ race car simulator, which has six motion cues, replaces the older version which had only three
      227 words
    • Article, Illustration
      Lock icon Hyflux to produce world’s cheapest desalinated water
      353 9  -  Its 2nd S’pore plant will sell the water at 45 cents per cubic m when ready in 2013 By LYNN KAN SINGAPORE’S second and larger desalination plant built by Hyflux will produce the world’s cheapest desalinated water at 45 cents per cubic metre
      353 words
    • Article
      Lock icon NUS biz school opens governance research centre
      341 9  -  It will look at issues such as family business, GLCs from Asian perspective By JAMIE LEE NUS Business School has set up a new research centre that will focus on governance issues in Asia and in finding solutions that may not be present
      341 words
    • Article
      Lock icon Liberalisation needed again in China: don
      481 9  -  By JAMIE LEE CHINA needs to return to its policy of liberalisation in the 1980s and curb its addiction to fixed investments because its current model is not sustainable, says a professor of political economy and international management at MIT’s Sloan School of Management.
      481 words
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      461 6 FSM Grow your savings with the United SGD Fund! Here's how: 1. Yield enhancement over low rate of 0.20% p.a.* from SGD deposits 2. 4.40% A annualised returns from fund 3. No lock-in period 4. No sales charge Annualised rate. Source: MAS website, data from 2006 to 2010 A Source:
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      100 7 ALL THE POWER IN ONE HAND Introducing the world's first ultra-portable performance tablet. BlackBerry PlayBook sg.blackberry.com/playbook L h=cJi1-or£> hoicz Scan now to explore the BlackBerry® PlayBook™. 2011 Research In Motion Limited. All rights reserved. BlackBerry®, RIM®, Research In Motion® and related trademarks, names and logos are the property of Research
      100 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks weaken in low volume – again
      582 8  - Stocks weaken in low volume again ST Index loses 23 points after putting on 80 points in the past six trading sessions STOCKS R SIVANITHY Senior Correspondent LAST week’s bounce fizzled out as the local stock market reverted to form yesterday, with prices drifting lower in poor volume amid a
      Source: Bloomberg  -  582 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Jul 5 VALUE CLOSE BT OB/OS 317.00-357.00 BT CADI -*****.00-124.00 BT 10-day MA -*****.00 +32.00 FTSE ST Mid Cap 747.75 -2.59 FTSE ST Small Cap 516.86 -0.69 FTSE ST All Share 764.29 -5.01 FTSE ST China Top 252.96 -1.50 FTSE ST China 290.07 -3.26 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME TigerAir 80,693,000 Genting SP 64,705,000 PSL Hldgs 64,360,000 Centillion 34,730,000 TopGlobal W*****9 33,300,000 Progen 30,738,000 CCM Grp 28,554,000 Golden Agri 25,138,000 Contel 20,804,000 Artivision 19,246,000 VALUE($) Genting SP 123,137,910 TigerAir 84,000,710 OCBC Bk 63,012,468 UOB 55,330,920 SingTel 47,695,480 DBS Grp 31,758,500 PSL Hldgs 30,911,585 Noble Grp
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 4 0 0 0 2 8 4 Manufacturing 33 78 36 4 6 9 37 84 45 Commerce 13 29 18 0 7 1 13 36 19 Tpt/Stor/Comms 13 14 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,959 18,959 43,258 43,258 Manufacturing 210,343 11,056 221,399 147,999 819 148,818 Commerce 65,046 5,237 70,283 73,416 1,063 74,479 Tpt/Stor/Comms 157,816 3,189 161,005 212,525 360 212,885 Finance 16,697 1 16,698 168,621 168,621 Construction 92,698 71,196 163,894
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.470 -0.010 CapitaLand 2.910 -0.040 CapitaMall 1.885 -0.015 CityDev 10.630 +0.050 ComfortDelGro 1.470 +0.015 DBS Grp 14.870 -0.010 F&N 5.930 -0.050 GLP 2.080 -0.010 Genting SP 1.895 -0.030 Golden Agri 0.675 -0.010 HK Land 7.060 -0.200 JMH 54.850 -0.520 JSH 30.880
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    • Article, Illustration
      Lock icon Euro falls after 6 days’ gains on weak data
      476 8 CURRENCIES Reuters [NEW YORK] The euro fell against the US dollar and Swiss franc yesterday after six straight days of gains, as weak eurozone data and concerns over China weighed on sentiment and pushed investors towards currencies viewed as safe havens.
      Reuters; BLOOMBERG  -  476 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP IS S&P500 ***** 738.5 4.7 DBXT FTChina25 10US$ 3222 58.9 1.5 Daiwa FT Shariah Jap 859 36.8 3.6 CityDev.ES.1107 1062 36.0 3.5 JSH 3088 25.8 0.7 DBXT MSCHINA 10US$ 1288 19.6 1.3 OCBC Bk 4.5%NCPS 100 ***** 16.0 0.2 CIMBAsean40 100US$ 1083 16.0 1.2 GLD
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      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -98.1 -0.6 DBXT AUD Bonds 5AU$ ***** -97.0 -0.5 JMH 5485 -63.8 -0.9 Jardine C&C 4325 -53.0 -1.2 OCBC Bk 5.1%NCPS 100 ***** -30.0 -0.3 HK Land 706 -24.5 -2.8 DBXT MSINDO 10us$ 1590 -19.6 -1.0 Lyxor Korea 10US$ 556 -19.6
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      299 8 Phillip Futures Providing the Right Platform for Your Individual Trading Styles Explore our full range of trading platforms and discover how you can optimise your trading. Trade with Phillip Futures. Attend our FREE seminars and equip yourself with relevant and timely market knowledge to help you stay ahead. Date Time
      299 words
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      342 9 Organised by: In partnership with: o \S»T Singapore Chinese Chamber of Commerce Industry Performance Motors Limited Distinguished Speakers Lecture Series Dr Tony Tan Trends, Risks and Opportunities in the Global Economy Singapore Chinese Chamber of Commerce Industry is proud to present the fifth in our Distinguished Speakers Lecture Series. Who
      342 words
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      37 9 Michelin-star Chef LAURENT PEUGEOT Mon to Sat 11 to 16 July Chef Laurent infuses a touch of Italian flair into his signature brand of innovative cuisine. Tel: 6730 3395 ilcielo@hilton.com t il rio'o Level 24 Hilton Singapore
      37 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Growth in manufacturing slows
      340 10  -  Dip in PMI in June due to weaker demand from local, overseas markets By NISHA RAMCHANDANI SINGAPORE’S manufacturing economy grew at a slower rate last month, dragged down by lower new orders on the back of weaker overall demand from both domestic and overseas markets. According
      340 words
    • Article
      Lock icon SMU, NUS to pay tribute to late Kwa Geok Choo
      372 10  -  By UMA SHANKARI SINGAPORE Management University (SMU) and National University of Singapore (NUS) will pay tribute to the late Kwa Geok Choo, wife of former prime minister and minister mentor Lee Kuan Yew. SMU will name its new law library,
      372 words
    • Article
      Lock icon HR conference to drive home productivity message
      373 10  -  By CHUANG PECK MING KEEPING human capital strategies in step with business growth is a management mantra many pay lip service to, but not enough companies put into practice. Which is perhaps why human capital talk fests keep harping on it. Over the
      373 words
    • Article
      Lock icon MOH to look into affordability of healthcare
      244 10  -  By KELLY TAY AS part of its efforts to strengthen Singapore’s healthcare system, the Ministry of Health (MOH) has said it will look into the key issue of affordability. Speaking as the guest-of-hon-our at yesterday’s National Medical Excellence Awards (NMEA) ceremony, Health Minister
      244 words
    • Article
      Lock icon Crystal Tower, Daisy Apts up for collective sale
      240 10 THE tender for the collective sale of Laguna Park at an asking price of 1.3 3 billion has closed. Its marketing agent Knight Frank was quoted by Channel News Asia (CNA) as saying it was negotiating with an interested party. It has
      240 words
    • Article, Illustration
      Lock icon IBM appoints new MD for Singapore
      282 10  -  By AMIT ROY CHOUDHURY IBM veteran Janet Ang has returned as managing director of the company’s Singapore operations, succeeding Teresa Lim who will be taking a leave of absence. The appointment will take effect immediately, the global IT giant announced yesterday. Ms Ang was
      282 words
    • Article
      Lock icon SCE to help Mauritius reform its water sector
      218 11 SINGAPORE will soon share its expertise with Mauritius to help that country reform its water sector after a contract was signed between the two countries. Yesterday, the Singapore Cooperation Enterprise (SCE) an agency formed by the Ministry of Trade and Industry and
      218 words
    • Article
      Lock icon US-listed firm to set up Asia-Pac tech hub here
      349 11  -  ITT Corp to hire top technologists and engineers to staff centre of excellence WATER WEEK By LYNN KAN NEW YORK-LISTED ITT Corporation will establish a new waste and wastewater treatment centre in Singapore to serve as a technology hub for the
      349 words
    • Article
      Lock icon Water recycling helps recover nutrients too: water prize winner
      273 11 USED water ought to be viewed as a resource and not merely a nuisance to dispose of, says South Afri-can-born scientist James Barnard, this year’s Lee Kuan Yew Water Prize Laureate. Delivering the Singapore Water Lecture yesterday afternoon, Dr Barnard said
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    • Article
      Lock icon Waste management trade show launched
      168 11  -  By NICHOLAS YEO WASTE Management Symposium 2011 saw two major events yesterday: the launch of a trade exhibition and the signing of two memoranda of understanding (MOU). WasteMET Asia, a trade exhibition and conference in solid waste management and environmental technology, is organised by the
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      1882 10 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-FIND IT ADVERTISEMENT UNDER SECTION 76(10)(h) OF THE COMPANIES ACT, CHAPTER 50 OF SINGAPORE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that the following resolution was duly
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      20 10 The NEW Android app i S BEST MUSiC rHE MARRED MEN s«t* 10 C DOWNLOAD IT FREE AT RADI09I3.COM NOW!
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      129 11 S A VOU R THE J O Y O F H A VIN G TIME O N Y O UR S IDE STAY LONGER COMPLIMENTARY 3RD NIGHT Linger a little longer in our refurbished interiors soothing, sleek and streamlined with the latest technology. For more information, contact your travel consultant,
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      1879 11 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT SELL IT FIND IT BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No. EC *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2011 Annual General Meeting (“AGM”) of Biosensors
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie central bank holds rates citing slower growth
      643 12 Policy may continue for a few months but analysts expect hike by year-end Reuters [SYDNEY] Australia’s central bank, conceding that growth at home was unlikely to be as brisk this year as first expected, yesterday kept interest rates at 4.75 per cent,
      Reuters; REUTERS  -  643 words
    • Article
      Lock icon Noda: Japan may run out of money unless bond bill is passed
      365 12 Bloomberg [TOKYO] Japanese Finance Minister Yoshihiko Noda said that the government may run out of money as early as October unless a bill authorising bond sales is passed in Parliament. “If the bill is not passed in the
      Bloomberg  -  365 words
    • Article
      Lock icon Investors sell Aussie bonds as rally falters
      510 12 Bloomberg [SYDNEY] The world’s biggest bond investors say that Australia’s best debt rally since 2008 is ending as demand for raw materials lifts the economy from its worst quarterly slump in 20 years. Pacific Investment Management Co, BlackRock Inc and Kokusai Asset Management
      Bloomberg  -  510 words
    • Article
      Lock icon Thai bid to boost growth, incomes may spur inflation
      475 12 Bloomberg [BANGKOK] Efforts by Thailand’s incoming government to boost growth and lift incomes may accelerate inflation, forcing interest rates higher and increasing business costs even as a strengthening currency threatens exports. The Bank of Thailand is assessing the economic effect of
      Bloomberg  -  475 words
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      2390 12 [•■ATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SKY ONE HOLDINGS LIMITED (Company Registration No: *****2949M) (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Novotel Singapore Clarke Quay, Paprika Room,
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia’s total trade up 5.5% to RM101.7b
      370 13 A RM8.49b surplus was noted in May, the 163rd running month since Nov ‘97 Bernama [KUALA LUMPUR] Malaysia recorded a year-on-year growth of 5.5 per cent in total trade to RM101.7 billion (S$41.5 billion) in May, compared with the RM96.433 billion registered in
      Bernama  -  370 words
    • Article, Illustration
      Lock icon Indonesia may import rice again
      320 13 Bloomberg [JAKARTA] Indonesia, the world’s third-largest rice grower, may need to import the staple for a second year to replenish stockpiles as government estimates show production growth will miss this year’s target, ministers said. South-east Asia’s biggest economy wants stockpiles at state food company Bulog
      Bloomberg; REUTERS  -  320 words
    • Article
      Lock icon PICTET FUNDS
      267 13 Pictet-Absl Rtn Glo Cons-P EUR 01.07.2011 EUR 101,50 Pictet-Absl Rtn Glo Div-P EUR 01.07.2011 EUR 115,33 Pictet-Asian Equities Ex Japan-P USD 30.06.2011 USD 185,21 Pictet-Asian Local Currency Debt-P USD 01.07.2011 USD 143,89 Pictet-Biotech-P USD 01.07.2011 USD 324,23 Pictet-CHF Liquidity-P 01.07.2011 CHF 124,19 Pictet-Clean Energy-P USD 01.07.2011 USD 78,25
      267 words
    • Article, Illustration
      Lock icon M’sia minister presents case for starting GST
      527 13  -  He says only 1 m out of the country’s 28m population pay tax By PAULINE NG in Kuala Lumpur A SENIOR minister has reiterated the need for Malaysia to institute a goods and services tax (GST) since an initial 4-5 per cent rate
      527 words
    • Article
      Lock icon Bersih to hold protest rally in stadium
      196 13 Reuters [KUALA LUMPUR] A Malaysian electoral reform group backed down yesterday from a threat to hold a big anti-government street rally this weekend, but analysts said Prime Minister Najib Razak faces increasing pressure to improve transparency of the voting process. The group Bersih
      Reuters  -  196 words
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      93 13 JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ONE Million Dollar CASH CRUDE OIL FOR SALE A certified Oil trader is offering Forcados/Bonny Life for sale Products are available on FOB and Tanker Takeover-Transfer. Minimum Order is 1 million Barrels Term and Spot deals available Competitive
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      1180 13 NOTICES ADVERTISEMENT UNDER SECTION 76(10)(h) OF THE COMPANIES ACT, CHAPTER 50 OF SINGAPORE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that the following resolution was duly passed by TOLL (ASIA) PTE. LTD. (the “Company”) as a
      1,180 words
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      211 13 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
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Data revisions in India can be misleading
      583 14 Reuters [MUMBAI] India’s central bank chief yesterday voiced concern about sharp revisions in macroeconomic data, including growth and inflation figures, which can disrupt calculations when setting policy. The Reserve Bank of India (RBI) has raised interest rates 10 times since March 2010 to
      Reuters; BLOOMBERG  -  583 words
    • Article
      Lock icon China’s local govt debt understated: Moody’s
      652 14 It may be 3.5t yuan larger than state auditor’s estimate, says ratings agency Reuters [BEIJING] China’s local government debt may be 3.5 trillion yuan (S$663.7 billion) larger than auditors estimated, potentially putting banks on the hook for deeper losses that could threaten their credit
      Reuters  -  652 words
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      329 14 Wine, Dine Hospitality Highlights M© .■;<r r v, a?* PnJpSf C&er "> s, 'J 5 OFF HOUSE'OF'SE'A EOO DT@T86 Sdpn re qMO Crabs, Valid till 31th July 2011 Limited to one voucher per visit Present this voucher before ordering Not applicable to alcohol drinks Not valid on public holidays and
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  • WORLD
    • Article, Illustration
      Lock icon CME mulls launch of Asian clearing house
      615 15 It says both S’pore or HK have the required regulatory environment Reuters [SINGAPORE] CME Group, the biggest US futures exchange operator, is considering launching an Asian clearing operation in one of the region’s financial centres such as Singapore as it seeks to grow
      Reuters  -  615 words
    • Article, Illustration
      Lock icon Carrefour says it has no hostile intentions against Casino
      461 15 Reuters [PARIS] French retailer Carrefour said that it had no plans for a hostile bid for rival Casino’s Brazil operations, despite pushing on with merger plans in the face of claims its swoop on the business was illegal. Carrefour, which drew
      Reuters; REUTERS  -  461 words
    • Article
      Lock icon Underwater rare-earth mining unviable: CFR
      409 15 Environmental factors, tech limitations make venture ‘a long way off’: council fellow Bloomberg [NEW YORK] Underwater mining for rare earths, used in hybrid cars and plasma televisions, is economically and possibly environmentally unviable, an academic from the independent think-tank Council on Foreign Relations (CFR) says.
      Bloomberg  -  409 words
    • Article, Illustration
      Lock icon Manufacturing and services in Europe weaken
      507 16 Growth slowed more than estimated in June as region’s debt crisis worsens Bloomberg [ZURICH] European services and manufacturing growth slowed more than estimated in June, as the region grappled with a worsening debt crisis. A composite index based on a survey of eu-ro-area purchasing
      Bloomberg; BLOOMBERG  -  507 words
    • Article, Illustration
      Lock icon Cameron’s new budget tests economic growth
      747 16 Britons’ confidence is waning, inflation is accelerating Bloomberg [LONDON] Prime Minister David Cameron’s refusal to compromise on the most ambitious fiscal squeeze since World War II is testing Britain’s recovery as consumers lose faith in the economy. As he implements six years of spending
      Bloomberg; BLOOMBERG  -  747 words
    • Article
      Lock icon LATEST US DATA Factory orders up 0.8% in May
      388 16 AP [WASHINGTON] US businesses ordered more aeroplanes, autos, and oil drilling equipment in May, suggesting supply disruptions stemming from the Japan crisis are fading. The Commerce Department said factory orders rose 0.8 per cent in May. That followed a downwardly revised
      AP  -  388 words
    • Article, Illustration
      Lock icon Chronic weakness apparent in News Corp governance
      546 16 REUTERS BREAKINGVIEWS [LONDON] The latest allegations in the phone hacking scandal at News Corporation’s UK tabloid have shocked the British public. But they should also alarm investors in News Corporation. The US media group’s handling of this crisis has been inexcusably weak. If
      REUTERS  -  546 words
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      1895 15 @$_"!;"@>{'.\&{|!){(>?/[<[*"?;- THE STYLE MERCHANTS LIMITED (Company Registration Number: *****) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of THE STYLE MERCHANTS LIMITED (the “Company”) will be held at Stamford Room, Maxwell Chambers, 32 Maxwell Road, #03-01 Singapore *****5 on Friday, 29
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  • Page 16 Advertisements
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      81 16 herworld.com fmfi Over $6,000 worth of prizes including luxury holiday at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate!) JUN 20 J UN 26 We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart ModeTres Bleu diamond pendant worth $838 and $1,500
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      50 16 Choice f T in Singapore CT 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. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327/9693-0266 or email tabla@sph.com.sg
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  • TransportHUB
    • Article
      Lock icon Downbeat mood in shipping
      942 17  -  Overtonnaging, fuel costs hit confidence: survey STRAIT TALK By DAVID HUGHES IT SEEMS that the shipping industry is feeling less happy with itself than it has been for some time. The latest Shipping Confidence survey from shipping accountant and adviser Moore Stephens shows overall confidence levels
      942 words
    • Article
      Lock icon Shipping contracts rise to 9-week high
      384 17 Bloomberg [LONDON] Capesize shipping contracts tied to the cost of transporting iron ore and coal rose to a nine-week high as traders speculate on a seasonal increase in cargo in the second half of the year. July-to-September forward freight agreements, or FFAs, used by
      Bloomberg  -  384 words
    • Article
      Lock icon VLCC owners will see H2 profits doubling: poll
      601 17 Rising M-E exports, Chinese demand to push rates up Reuters [SINGAPORE] Owners of the largest oil tankers will see their earnings almost double in the second half of the year, from the first six months, on strong Chinese demand and rising Middle
      Reuters  -  601 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Airlines positioned for big gains in efficiency
        998 18 Soaring oil prices and tougher environmental rules driving the shift AP [WASHINGTON] Planes are being built out of the same lightweight materials used for Formula 1 race cars. Their engines are being redesigned to squeeze more thrust out of every bit of fuel.
        AP; BLOOMBERG  -  998 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3503 18 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 Embraer tops Boeing, Airbus in bond market
        356 18 Bloomberg [NEW YORK] Embraer SA, the world’s fourth-biggest aircraft maker, is outperforming Boeing Co, Airbus SAS and Bombardier Inc in the bond market as demand climbs for its more fuel-efficient regional jets. The company’s dol-lar-denominated securities due 2017 have gained 8.6 per cent
        Bloomberg  -  356 words
      • Article
        Lock icon Tony Fernandes sees AirAsia as a 500-plane airline
        410 18 Reuters [KUALA LUMPUR] Less than two weeks after giving Airbus Industries a record-breaking US$18 billion order for 200 aircraft, AirAsia chief Tony Fernandes has even bigger plans for his budget airline, already Asia’s largest. The 47-year-old Malaysian told Reuters he saw AirAsia
        Reuters  -  410 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Indian Railway to raise US$300m from bonds
        593 19 It seeks funds to add 1,300 km of rail lines despite high borrowing costs Bloomberg [MUMBAI] India’s state railway is pushing ahead with a sale of dollar debt to meet surging demand for transport as the highest borrowing costs in a year cause
        Bloomberg; BLOOMBERG  -  593 words
      • Article
        Lock icon Germany June car sales up 10%, better H2 seen
        339 19 Reuters [BERLIN] Germany’s car market is set for further growth in the second half (H2) of the year after strong sales in June, an industry group said on Monday, sounding a bright note in contrast with other Western markets. Auto importers’
        Reuters  -  339 words
      • Article
        Lock icon Kabul eyes rail network to tap mining resources
        388 19 It hopes the US$3 trillion projects will spur growth Reuters [PARIS] Afghanistan is building a vast rail network linking its borders to help attract investors to US$3 trillion worth of mining projects, including oil deals, that will drive economic growth, its Mines
        Reuters  -  388 words
      • Article, Illustration
        Lock icon Williams F1 to return to Renault engines
        420 19 It hopes to repeat success it enjoyed during 1990s AP [LONDON] Williams F1 will switch to Renault engines from next season in the hope of rediscovering some of the success which the Formula One team enjoyed with the supplier during its glory years
        AP  -  420 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      352 18 CRYPTIC CROSSWORD Across 1 Stoke violent protest (7) 9 Spanish backing what trawlermen do (8) 10 Can a tailless male deer constitute game? (7) 11 Lust and ardour continuously flag (8) 12 What French twits devoid of intelligence play? (6) 13 Gangs bred a mongrel as surprise attacker (10) 15
      352 words
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  • Page 19 Advertisements
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      804 19 |>$@{"][\^?!).%%[^~?!=_]]:<\<|@ In the Matter of the Companies Act, Cap. 50 AND IRI. GLOBAL PTE. LTD. Company Registration No. *****5365M (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at Level 6, Block C (Central) Pusat Bandar Damansara, Kuala Lumpur ***** Malaysia on the
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      Lock icon Page 19 Advertisements Column 2
      8 19 Govtshould reduce tariffs tocurb risingfood prices, sayChinesescholars Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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      22 19 ASK TO OOO&TYO at/smss Online advertising made simple affordable to help your business grow. Log on to www.sphdad.com S|£l Digital Ad Direct
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  • EDITORIAL & OPINION
    • Article
      Lock icon Cautious optimism on stability in Thailand
      495 20 EDITORIAL BARELY two weeks ago, a lot of observers reckoned that the Thai general election was too close to call. The incumbent Democrats led by Abhisit Vejjajiva and the opposition Puea Thai party spearheaded by Yingluck Shinawatra youngest sister of ex-premier Thaksin were both
      495 words
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      Lock icon China’s communists reassert grip on power
      780 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter @FrankChing1 THE Chinese Communist Party, which celebrated its 90th anniversary on July 1, has been in power since 1949, and President Hu Jintao, who is also
      780 words
    • Article, Illustration
      Lock icon Facing up to challenge of ageing workforce
      1058 20  -  By focusing on their health, firms can ensure their employees are able to perform better By WONG LUP WAI The writer is country manager, Philips Electronics Singapore THE world is ageing rapidly. By 2040, the global population aged 65 and older is expected
      AP  -  1,058 words
    • Article, Illustration
      Lock icon Towards a 50-year plan for water sustainability
      1489 21  -  S’pore shows how govts can work with stakeholders to implement fair water prices By HEINER MARKHOFF The writer is president CEO, GE Water Process Technologies THE world’s largest economies are realising that their ability to compete now hinges on one finite resource: water.
      REUTERS  -  1,489 words
    • Article
      Lock icon Mandatory delistings: SGX should consider the bigger picture
      545 21  -  LETTERS TO THE EDITOR Mak Yuen Teen I REFER to the letter “Mandatory delistings: the facts” (BT, July 5) from SGX in which it stated that out of 15 mandatory delistings, 12 were in negative equity positions and did not make exit
      545 words
    • Article
      Lock icon Allow delisting companies to re-list as Catalist stocks
      233 21  -  Michael Leong I AM a shareholder of General Magnetics and am disappointed with the decision of SGX to delist this company. Even SGX agreed in its letter to the editor yesterday that General Magnetics was in a positive equity position. Its losses
      233 words
    • Article
      Lock icon Clarifications on pay-TV cross-carriage
      151 21  -  Eileen Ang Deputy director, competition, Media Development Authority WE refer to the article “Pay-TV cross carriage to start in August” (BT, July 2-3) and wish to make the following clarifications. The Media Development Authority’s cross-carriage measure is not predicated on the an-ti-competitive conduct of any dominant
      151 words
    • Article
      Lock icon Make names of stocks on screens clearer
      99 21  -  Denis Distant THE names of counters displayed on SGX trading screens must be clear to avoid confusion and to minimise the possibility of someone trading stocks online keying in the wrong name and ending up with the wrong share or, worse still, a
      99 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8232 22 Transaction date: Jul 5 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 16 14.7 16 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 7.3 -0.2 130 7.5 7.3 7.2 7.4
      8,232 words
    • Article
      Lock icon SGX CATALIST
      1508 23 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 4 4.3 19 3.9 202 142 t APStrategic 145 140 150 86 1.5 0.2 t Advanced System 0.2
      1,508 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9927 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.12/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.74/ Aberdeen Asset Mgt Asia Limited American Opp 0.6597/ Asian Credit Fund
      9,927 words
    • Article
      Lock icon GLOBALQUOTE
      233 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A44.5 42.5 46 3.6 7.9 3.6 115.9 55 18 Genting HK US$ US37.5 +0.5 7472 37.5 36.5 37 37.5 2469.2 21 10 Over&Gen A10
      233 words
    • Article
      Lock icon SGX ETF
      843 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 114.5 114.5 522.7 1083 846 CIMBAsean40 100US$ US1083 +13 22 1083 1077 1075 1081 43.3 350 288 DBS STI ETF
      843 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 4 Index Change Change Change Change Change Change World Index Preliminary 923.8 0.3 2.9 0.1 0.8 0.3 5.3 EAFE Preliminary 796.1 0.5 -0.6 0.5 -0.3 0.6 4.2 Europe Preliminary 1182.8 0.3
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jul 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.33 1.20 WTI (Near Mth) 94.95 0.05 Dubai (1-Mth F) 106.04 -0.16 Tapis blend 116.03 0.37 Minas 113.13 0.37 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.06 0.73 Jet Kerosene 124.75 -0.05 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SICOM FUTURES
      157 24 Jul 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 475.0 473.5 475.0 19 176 Sep 11 473.0 472.5 473.0 28 386 Oct 11 473.0 473.0 473.0 20 389 Nov 11 338 Dec 11 472.0 472.0 472.0
      157 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      68 24 As on 4 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1496.8 1491.6 1494.7 1482.8 Silver Cash Sep-11 34.13 34.13 34.13 33.715 CURRENCY Euro-US Dollar Sep-11 1.4526 1.4466 1.4488
      68 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jul 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.357 1.281 Can dollar 1.301 1.251 Euro 1.814 1.745 Sterling pound 2.008 1.931 NZ dollar 1.047 0.998 US dollar 1.243 1.196 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      180 24 Jul 5 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.04 US$ Offer Bid 7 days 0.25 0.15 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
      180 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Jul 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1322.25 1306.25 1330.00 1307.25 Aug 11 1312.75 1299.50 1321.75 1299.50 Sep 11 1309.50 1295.25 1318.75 1295.00 Nov 11 1312.50 1294.00 1321.75 1293.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.16
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 24 Jul 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****B 29.10.2011 0.31 0.26 0.25 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 NX*****Z 2.250 01.07.2013 103.66 103.7 103.68 5-Year N*****0W 1.125 01.04.2016 100.67
      81 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      442 24 Jul 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6550 0 5983 Dec11 99.5700 0 4486 Mar12 99.5050 0 1578 Jun12 99.3800 0 1884 EUROYEN TIBOR FUTURES Sep11 99.6650 2 1335 Dec11 99.6625 0 1392 Mar12 99.6550 5 1823 Jun12 99.6400 99.6400 99.6400 99.6450 0
      442 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Jul 5 Open High Sett STI Jul 3129 SIMSCI Jul 365.2 366.6 362.6 Taiwan Jul 301.2 301.9 301.9 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2379 24 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 25.5 1 150 21 5.69 34 ASJ Hldgs W*****1 1.5 1 4 38 2.67 7 AlliedTech W*****2 1.9 0.4 25 1 4 28 Asia Water Tech Ltd W*****8
      2,379 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 Jul 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.029 6.914 0.739 8.320 47.534 91.337 0.867 11.400 3.215 1.291 91.829 46.038 1.312 7.216 0.904 30.773 32.593 0.668 1.069 Canada 0.972 6.722
      462 words
    • Article
      Lock icon SIBOR
      85 24 Jul 5 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      140 24 Jul 5 GOLD (US$/oz) Jul 05 Jul 04 Hong Kong 1499.30 1498.00 Jul 04 Jul 01 London 1495.39 1484.66 1496.21 1485.43 Source: Thomson Reuters Source: Reuters CAST BAR Jul 05 (S$) Selling Buying Kilobar "63,423.18" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 59 5gm 403 296
      140 words
    • Article
      Lock icon LONDON METALS
      70 24 Jul 4 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2480.25 2473.25 3 months 2511.00 2503.00 Copper, Grade A (US$/tonne) Cash 9438.50 9129.25 3 months 9455.00 9445.00 Lead (US$/tonne) Cash 2673.00 2661.50 3 months 2684.00 2674.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Jul 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3114 1.3129 1.0690 1.0693 Canadian dollar 1.2750 1.2766 1.0393 1.0397 Euro 1.7758 1.7774 1.4475 1.4476 NZ dollar 1.0158 1.0172 0.8280 0.8285 Sterling pound 1.9646 1.9666 1.6014 1.6017
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jul 5 S$ Bid Offer 1-month 1.2268 1.2278 2-months 1.2267 1.2278 3-months 1.2266 1.2277 6-months 1.2261 1.2272 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      65 24 Jul 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3050 3055 3071 3045 428 2104 Aug 11 3059 3050 3070 3037 1706 ***** Sep 11 3053 3040 3056 3023 ***** ***** Oct 11 3044 3039
      65 words
    • Article
      Lock icon LIFFE
      82 24 Jul 4 COCOA (£/tonne) Close Prev High/Low Jul 11 1980 1963 1984/1951 Sep 11 2003 1992 2010/1985 Dec 11 2032 2020 2037/2014 Mar 12 2048 2034 2053/2028 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2424 2427 2450/2417 Sep 11 2466 2472 2488/2449 Nov 11 2490 2497 2510/2474 Jan 12
      82 words
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  • Article
    Lock icon SHIPPING TIMES
    5551 25 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 JIMRISE Muscat/Sharjah/Doha/Dammam *Loads
    5,551 words
  • Page 25 Advertisements
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  • BANKING & FINANCE 2011
    • Article, Illustration
      Lock icon Gunning for threefold growth by 2015
      1133 27  -  UOB CEO Wee Ee Cheong tells SIOWLI SEN that the well-capitalised bank is positioned to ride regional growth SIOW LI SENthat UNITED Overseas Bank (UOB) is on a roll. With a strong balance sheet, the highly profitable bank is gunning to grow its business
      1,133 words
    • Article, Illustration
      Lock icon Still on track despite higher hurdles
      1307 28  -  OCBC Bank CEO David Conner tells CONRAD TANthat though he is optimistic about the year ahead, there are worries including a possible price war and the effect of more stringent regulations CONRAD TANthat IT was last October that OCBC Bank chief executive David Conner
      BLOOMBERG FILE PHOTO  -  1,307 words
    • Article, Illustration
      Lock icon Things aren’t as bleak as they seem
      1687 30  -  DBS CEO Piyush Gupta is confident Asia is in for a soft landing. And, as CONRAD TAN finds out, he believes the rapid expansion of the CNH market will open up new opportunities for banks across Asia CONRAD TAN HAVING presided over a
      BLOOMBERG FILE PHOTO  -  1,687 words
    • Article, Illustration
      Lock icon Chatting up more personal banking customers
      837 31  -  Citibank is trying to excite and attract more emerging affluent individuals with its e-Chat service and a host of other new products. EMILYN YAP has the details EMILYN YAP SOME officers at Citibank Singapore have been busy chatting online at work, and here is
      YEN MENG JIIN  -  837 words
    • Article, Illustration
      Lock icon Eyeing emerging affluent consumers
      979 32  -  Stanchart is seeing results less than a year after it launched its new preferred banking proposition. EMILYN YAPreports YAPreports EMILYN YAP THE emerging affluent market may be the next sweet spot in the local consumer banking scene and Standard Chartered has the numbers to prove it.
      YEN MENG JIIN  -  979 words
    • Article, Illustration
      Lock icon ANZ bullish on prospects in key Asia-Pac market
      943 32  -  By SIOW LI SEN ANZ, the latest foreign bank to raise its stakes in the Singapore market, is unfazed by low interest rates and its small five-branch network, betting that the city’s famed affluent population will find its offerings compelling. In an
      BLOOMBERG FILE PHOTO  -  943 words
    • Article, Illustration
      Lock icon Asia – the new centre of wealth
      1051 33  - Asia the new centre of wealth Asians are willing to find a middle ground as they balance their newfound freedom to spend with their traditionally strong saving ethic, writes MARCUS TEO writes MARCUS TEO The writer is acting head of retail banking and wealth management, HSBC WITH raw memories of
      STOCK.XCHNG  -  1,051 words
    • Article, Illustration
      Lock icon Reloading hedge funds
      972 34  -  Given the uncertain economic landscape, investors may wish to consider diversifying their investment portfolios by blending hedge funds with traditional investments, writes RENE BUEHLMANN writes RENE BUEHLMANN The writer is IPS head investment products APAC, UBS WHEN Alfred Winslow Jones, an Australian, and his four partners created
      STOCK.XCHNG  -  972 words
    • Article, Illustration
      Lock icon A corporate guide to CNH
      987 34 The writers are co-heads of capital markets and treasury solutions, Asia at Deutsche Bank By DANIEL MAMADOU and VENKY VISHWANATHAN ENTHUSIASM for Hong Kong’s offshore yuan (CNH) market is matched only by the lightning growth of the city’s yuan deposit base, which grew by an
      REUTERS  -  987 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      107 27 CREDIT SUISSE Our advice and solutions are as individual as your needs sa s mi Credit Suisse. Winner of Euromoney's 2011 Survey: "Best Private Bank Globally" for 2 consecutive years in 2010, 2011 "Best Private Bank in Australia" "Best Private Bank in Singapore" for 3 consecutive years in 2009, 2010,
      107 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      518 28 Gold; I Stocks .FXVJVJIvteid Commodities FX Crosses FX ,> Options Bonds ETCs CFDs jC^^iCFDS y c, vw, Bonds FX Commodities FX Crosses FX Options Gold FX \^°°V^c& CFDs Stocks ETFs ETCs r O^X>^V p® ao" Futures FX CFDs Stocks ETFs CT 0 n d s r I r Q FX
      518 words
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      Lock icon Page 29 Advertisements Column 1
      214 29 BS continues to dominate Singapore banking industry and has a deeply entrenched position the city state During the past 12 months, the bank continued to be a leading player in mortgages, auto loans, debit and credit cards." FinanceAsia "On the institutional banking front, DBS has successfully used its balance sheet
      214 words
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      Lock icon Page 30 Advertisements Column 1
      202 30 Until Sir Edmund Hillary and Tenzing Norgay had reached the summit of Everest, they would not rest. (Kathmandu, 1953.) m X v 1 A L r •1' -N> trm Why should Tenzing Norgay be showing your bank the way forward It has been said that genius is 1% inspiration and
      202 words
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      357 34 Dual-Tenor Term Deposits OSBI STATE BANK OF INDIA rib/ VV* (*.< Higher Interest Rates 1.05 p on 12-month term deposits fi ,t\ ■i» 4 <# r- V with Dual-Tenor Term Deposits 'V of 6 12 months <a*j' •>. v Be delighted with SBI Dual-Tenor Term Deposits Bring greater abundance into
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  • executive Money
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      572 36  -  RBS Coutts is bullish on the region’s economic outlook, reports GENEVIEVE CUA reports GENEVIEVE CUA ASIAN equities are the place to be in the second half, as issues that were headwinds in the last few months become tailwinds helping to drive returns, says Norman
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    • Article
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      611 36 Deal volume down in Q2 as uncertainty weighed on markets [NEW YORK] The revival in mergers this year has taken some time to catch its breath. After a blistering start to the year, deal volume slowed down in the second quarter as uncertainty
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      1136 37  -  Concerns over US growth and an economic hard landing in China have likely been exaggerated MONEY MATTERS LIM SAY BOON Lim Say Boon is the chief investment officer of DBS Bank THE correction in risky asset markets that we predicted last quarter is
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      1203 36 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BROTHERS (HOLDINGS) LIMITED Company Registration No. *****0550E (Incorporated in the Republic of Singapore) Notice of the Fourteenth Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Fourteenth Annual General Meeting of the Company will be held at Tanah Merah Country Club (Garden Course),
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      291 37 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
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  • PRIVATE WEALTH PURSUITS
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      1532 38  -  TEH HOOI LING talks to some industry players to find out how the rich are investing their wealth after the recent global financial crisis TEH HOOI LING This is the second of a four-part series brought to you by WHAT do the rich want, when it comes
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      177 38 Investment products are not bank deposits or obligations of or guaranteed by Citibank Singapore Limited, Citibank, N.A., Citigroup Inc. or any of its affiliates or subsidiaries or any governmental agency and are subject to investment risks, including the possible loss of tbe principal amount invested. Past performance is not indicative
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