The Business Times, 28 September 2011

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Microfilm: NL31621
Total Pages: 83
1 52 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, eptember 28, 2011
    25 words
  • Article
    Lock icon Size matters for industrial property units
    687 1  -  The minimum unit size that URA is likely to approve these days is about 90 sq m, say sources By UMA SHANKARI [SINGAPORE] The government is nudging developers of industrial properties to increase the minimum sizes of their units, sources told BT. The minimum
    687 words
  • Article
    Lock icon UBS says investment banking arm is key to growth
    476 1 It will help the Swiss bank differentiate itself and tap wealth in Asia-Pacific Bloomberg Reuters [GENEVA] UBS AG said its investment banking unit is key as the firm’s wealth-management business targets “enormous” growth potential in the Asia-Pacific, while reports emerged that
    Bloomberg; Reuters  -  476 words
  • Article, Illustration
    Lock icon A DREAM(LINER) COME TRUE
    80 1 BOEING employees and guests making their way towards the main stage during a ceremony to mark Boeing’s delivery of the first 787 Dreamliner to All Nippon Airways in Everett, Washington in the US on Monday. The handover of the first passenger jet of its kind ended
    BLOOMBERG  -  80 words
  • Article
    Lock icon Markets come roaring back as gloom lifts in Europe
    617 1  -  By MICHELLE QUAH [SINGAPORE] Investors threw themselves back into equities and commodities yesterday, shunning safer havens like US Treasuries as fears began to ease over Europe’s attempts to contain Greece’s debt crisis. Stock and commodity markets in Asia and Europe shrugged
    617 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,725.91 (+71.60) GST INDEX FUTURES 2,726.00 (+72.00) GSIMSCI 314.62 (+8.42) GSIMSCI FUTURES 315.40 (+8.50) US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.555 2.001 EURO (US$/S$/E) 1.351 1.739 Foreign currency per US$ S$ YEN 76.40 59.30 RM 3.151 2.448 HK$ 7.794 6.055 BAHT 30.97 24.06 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.542 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
      19 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Analysts count the hurdles to a quick eurozone fix
      679 2  -  Economists and analysts are sceptical that a market rally will last By NEIL BEHRMANN in London GLOBAL markets have rallied on hopes that the European politicians and the European Central Bank (ECB) will contain the crisis for a while. Economists and
      BLOOMBERG  -  679 words
    • Article
      Lock icon US Senate deal averts government shutdown
      470 2 Nod from House of Representatives is expected too AAA credit rating. Reuters [WASHINGTON] The US Senate approved a deal on Monday to avert a government shutdown, ending a stand-off that highlighted a dysfunctional Congress’ trouble in passing even the most basic legislation. “We’ve averted
      AAA credit rating. – Reuters  -  470 words
    • Article
      Lock icon Financial trader’s comments on TV sparks storm of outrage
      437 2 Alessio Rastani says it’s Goldman Sachs, and not govts, which rules the world AFP [LONDON] A financial trader in London caused a storm of outrage by suggesting that world leaders cannot do anything to prevent a global market collapse, saying that
      – AFP  -  437 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Size matters for industrial property units
        54 2 THE government is nudging developers of industrial properties to increase the minimum sizes of their units, sources told BT. The minimum industrial unit size that the Urban Redevelopment Authority is likely to approve these days is around 90 sq m, which works out to
        54 words
      • Article
        Lock icon Markets come roaring back as gloom lifts in Europe
        39 2 INVESTORS threw themselves back into equities and commodities yesterday, moving away from safer havens like US Treasuries, as fears began to ease over Europe’s attempts to contain Greece’s debt crisis.
        39 words
      • Article
        Lock icon Big Four auditors may face shake-up
        75 2 THE Big Four global auditors could be broken up, leaving them susceptible to takeovers if radical European Union plans to boost competition go ahead, a UK auditing official said yesterday. EU Internal Market commissioner Michel Barnier is due to publish a draft law in
        75 words
      • Article
        Lock icon Bank of S’pore vies for market share in Indonesia
        66 2 BANK of Singapore, the private bank unit of OCBC Bank, is making a big push for the Indonesian market as that country continues to be South-east Asia’s fastest growing economy. BOS has doubled its team of relationship managers serving Indonesian clients
        66 words
      • Article
        Lock icon Retail rents in Orchard, Scotts roads inch up in Q3
        73 2 THE average gross fixed rent of prime first-storey space in the Orchard/Scotts Road area increased by just 0.5 per cent on quarter to $40.20 per square foot per month in the third quarter, according to estimates by DTZ Research. Elsewhere,
        73 words
      • Article
        Lock icon M&A rebound falters on Europe woes
        56 2 THE global rebound in mergers and acquisitions stumbled in the third quarter as takeovers by US and Asian acquirers failed to compensate for a 43 per cent decline in purchases by European companies. Dealmaking dropped 22 per cent to US$504 billion from the prior
        56 words
      • Article
        Lock icon US Sept consumer confidence rises less than forecast
        77 2 CONFIDENCE among US consumers rose less than forecast in September, as a measure of the difficulty of finding jobs rose to the highest in almost three decades. The Conference Board’s index increased to 45.4, from a revised 45.2 reading in August, figures
        77 words
    • Article, Illustration
      Lock icon Kuan Yew does not see govt getting populist
      584 4  -  Losing a GRC and six seats in Parliament in GE is ‘not a disaster’ By CHUANG PECK MING [SINGAPORE] Former Prime Minister Lee Kuan Yew does not see the government taking the populist route or becoming somewhat weaker because of the shift
      PHOTO: LIM WUI LIANG/ THE STRAITS TIMES  -  584 words
    • Article
      Lock icon S’pore most IT competitive in Asia-Pac, third in world
      691 4  -  By AMIT ROY CHOUDHURY [SINGAPORE] Singapore rose six places to become the world’s third most competitive economy in information technology and has also become the most competitive IT economy in AsiaPacific. The latest (2011) edition of Economist Intelligence Unit’s (EIU) IT
      691 words
    • Article
      Lock icon Big Four auditors may face shake-up
      471 4 Proposed EU plans could force the firms to split audit, consultancy services Reuters [LONDON] The Big Four global auditors could be broken up, leaving them susceptible to takeovers if radical European Union plans to boost competition go ahead, a UK auditing official said yesterday.
      Reuters  -  471 words
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      64 3 Asset Management Wealth Management Asset Services The past. The future. We respect them equally. r rv K ■4 <r it. rA de?* 7 LV :>V ft r 3*4 < Photograph by Christian Houge Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome
      64 words
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      1587 4 BOUSTEAD SINGAPORE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1036K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Boustead Singapore Limited (the “Company”) will be held at 67 Ubi Avenue 1, #02-01 StarHub Green, North Wing, Singapore *****2, on 13
      1,587 words
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      Lock icon Page 5 Advertisements Column 1
      132 5 Europe s best airline. 18.8 million voted. One was named. Every year, Skytrax, the world's civil aviation audit and service benchmarking programme, announces the best in the airline business. They do this by simply asking frequent flyers. In 2010,18.8 million passengers Is it our network that takes you to more
      132 words
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      230 6 THE STRAITS TIMES t OTi" 1 .jr fVi\ k T i Print. 4 v; te n r 4 4 THE STRAITS TIMES. ($24.65 per month) A Online. ST Online ($26.65 per month) CL iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for
      230 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX keen on LME? Two key issues to consider
      1018 7  -  HOCK LOCK SIEW By WONG WEI KONG WOULD the possibility of snaring the world’s largest metals trading exchange lure the Singapore Exchange (SGX) from its stated goal of focusing on organic growth for now? After the abortive attempt last year to
      BLOOMBERG  -  1,018 words
    • Article
      Lock icon PICTET
      266 7 Pictet-Absl Rtn Glo Cons-P EUR 23.09.2011 EUR 99,96 Pictet-Absl Rtn Glo Div-P EUR 23.09.2011 EUR 111,33 Pictet-Asian Equities Ex Japan-P USD 23.09.2011 USD 145,84 Pictet-Asian Local Currency Debt-P USD 23.09.2011 USD 142,05 Pictet-Biotech-P USD 23.09.2011 USD 266,25 Pictet-CHF Liquidity-P 23.09.2011 CHF 124,29 Pictet-Clean Energy-P USD 23.09.2011 USD 59,55 Pictet-Digital
      266 words
    • Article, Illustration
      Lock icon BOS vies for market share in Indonesia
      460 8  -  Its RMs serving Indonesian clients have doubled to 40 since January 2010 By SIOW LI SEN BANK of Singapore, the private bank unit of OCBC Bank, is making a big push for the Indonesian market as that country continues to be South-east Asia’s
      460 words
    • Article
      Lock icon Yearly audit proposed for small fund firms
      397 8  -  Measure part of planned new rulings for fund managers By CONRAD TAN HEDGE funds that serve just a handful of rich investors will need to undergo a yearly audit of their operations here under new rules proposed by the Monetary Authority of Singapore
      397 words
    • Article
      Lock icon Dividends lure Morgan to Asia as stocks drop
      756 8 Asian profits may rise 32% in the next two years, faster than the rest of the world Bloomberg [HONG KONG] Investors are getting paid more than ever to hold Asian stocks after recent market weaknesses pushed up dividend yields. Equity declines, including
      Bloomberg  -  756 words
    • Article
      Lock icon Substantial owners’ woes put Guangzhao in a fix
      585 9  -  Risk of personal debt problems dragging firm into default over notes By LYNETTE KHOO THE personal debt woes of two bosses at Guangzhao Industrial Forest Biotechnology Group have once again dragged the company into a potential default on its interest-bearing notes. Guangzhao
      585 words
    • Article
      Lock icon KSH bags $49.9m job from hospital
      290 9  -  By MINDY TAN KSH HOLDINGS has secured a $49.9 million contract from Mount Alvernia Hospital, bringing the order book of its construction business to over $385 million. The project involves extensions to the hospital’s front lobby and side entrance and the construction of a
      290 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sunpower unit wins US$8.5m contract from JSW Steel
        134 9 SUNPOWER Group's subsidiary Nanjing Shengnuo Heat Pipe Co Ltd has bagged a US$8.5 million contract with JSW Steel Ltd, the third largest steel manufacturer in India and a unit of the Jindal Group. Jindal is a conglomerate valued at US$12 billion. The
        134 words
      • Article
        Lock icon Ryobi Kiso unit to lease Vietnam site, build factories
        99 9 RYOBI Kiso Holdings’ subsidiary, Ryobi Development Pte Ltd, has signed an in-principle agreement with Ascendas-Protrade Company Limited to lease the land use rights for a 35,676 square metre site in Vietnam for US$1.64 million. The site is located in Ascendas-Protrade Singapore
        99 words
      • Article
        Lock icon Otto Marine-linked firm in loan deal with OCBC
        193 9 OTTO Marine’s related company, GO Offshore Pty Ltd, has entered into an indicative term sheet with Oversea-Chinese Banking Corporation Limited (OCBC) for a proposed mezzanine loan of up to US$20 million. OCBC will have the option to subscribe for new ordinary shares
        193 words
    • Article
      Lock icon Olam bullish on most commodities
      402 9 Reuters [SINGAPORE] Olam International said the long-term outlook for most agricultural commodities was still bright despite the threat of a slowdown in demand triggered by economic woes, but weak fundamentals could work against cocoa. Gold and copper suffered their biggest slump since the 2008 financial
      – Reuters  -  402 words
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      Lock icon Page 7 Advertisements Column 1
      232 7 GNC LIVE WELL. ,zhi Energy all day long! V X /ovfe t/le d&/ic.ioMS /teocJi -flct/oi/t! Stefanie Sun International Artiste Cordyceps Lingzhi power cocktail For Energy Immunity Promotion Now On 6281 5688 or 6757 4403 o www.gnc.com.sg Sport Vorsprung durch Technik 8 titles, 105 victories, 271 podiums. Racing-winning performance is now
      232 words
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      171 8 Audi Vorsprung durch Technik Pure adrenaline. Intense driving performance. i rTT u Rosy fTiE INTT2501 The Audi TT RS, the Audi RS 5 and the Audi RS 3 Sportback. The Audi RS line is built with racing in its DNA. With their immensely powerful engines, the RS models are the
      171 words
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      135 9 Intense power in a compact format. The new Audi RS 3 Sportback. 0-62mph in just 4.5 seconds. That’s the intensity of the Audi RS 3 Sportback. That’s the intensity of its 5-cylinder 2.5-litre turbocharged engine and 7-speed S tronic® transmission. Boasting a remarkable 340PS of power and our quattro® all-wheel-drive
      135 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Euro debt hopes trigger rebound
      621 10  -  STI gains 71.6 points to 2,725.91 on better sentiment but turnover is not overly impressive at 1.4b units worth $1.4b STOCKS R SIVANITHY Senior Correspondent HOPES of a coordinated, trillion-euro rescue package for Europe yesterday helped bolster sentiment and sent the Straits Times Index (STI)
      Source:  -  621 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 Sep 27 VALUE CLOSE BT OB/OS -489.00 +225.0 BT CADI -*****.00 +246.0 BT 10-day MA -*****.00 -49.00 FTSE ST Mid Cap 607.87 +13.03 FTSE ST Small Cap 421.74 +6.85 FTSE ST All Share 655.95 +16.32 FTSE ST China Top 187.01 +3.90 FTSE ST China 222.91 +5.29 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 0 3 0 0 0 12 0 3 Manufacturing 80 23 32 8 3 5 88 26 37 Commerce 38 12 9 3 1 3 41 13 12 Tpt/Stor/Comms 30 3 6
      186 words
    • Article, Illustration
      Lock icon QUICK CHART
      436 10  -  by Kim Eng Research Still positive The broad overall trend in the medium term is still positive as defined by the key moving averages. The stock is trying hard to advance to the $2.92 level. Sustained trading above this level will pave the way to the next resistance
      436 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,653 25,653 86,945 86,945 Manufacturing 158,970 18,498 177,468 225,114 205 225,319 Commerce 128,348 3,488 131,836 166,094 363 166,457 Tpt/Stor/Comms 166,492 2,365 168,857 272,852 161 273,013 Finance 21,516 50 21,566 200,501 10 200,511 Construction 32,764 4,578
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.230 +0.030 CapitaLand 2.550 +0.070 CapitaMall 1.890 +0.045 CityDev 10.000 +0.250 ComfortDelGro 1.335 +0.020 DBS Grp 12.200 +0.410 F&N 5.770 GLP 1.660 +0.005 Genting SP 1.630 +0.025 Golden Agri 0.650 +0.020 HK Land 4.490 +0.120 JMH 46.980
      111 words
    • Article, Illustration
      Lock icon Euro steadies, but sentiment fragile
      489 10 CURRENCIES Reuters [LONDON] The euro steadied against the US dollar yesterday, but sentiment was fragile after comments by Spain’s economy minister who tempered expectations of a radical and swift action by European policymakers to contain the worsening debt crisis. The single currency had gained earlier
      – Reuters; BLOOMBERG FILE PHOTO  -  489 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME Genting SP 74,593,000 Golden Agri 68,819,000 MDR 64,808,000 Noble Grp 50,692,000 Dyna-Mac 41,104,000 SingTel 41,080,000 HPH Trust US$ 37,454,000 Sheng Siong 30,069,000 NexGenSCom 20,630,000 Infinio 19,756,000 VALUE($) SingTel 128,789,352 Genting SP 121,166,568 Wilmar 76,048,820 Noble Grp 71,966,705 DBS Grp 67,404,650 OCBC Bk 57,196,994 UOB 55,514,155 Keppel
      58 words
    • Article
      Lock icon RISES
      115 10 BY CENTS CLOSE UP GLD 10US$ ***** 529.0 2.6 DBXT Nifty 10US$ ***** 489.1 3.9 DBXT MSKorea 10US$ 4768 405.4 7.1 DBXT MSEurope 10US$ 3853 348.8 7.6 Jardine C&C 3942 267.0 7.3 JMH 4698 229.1 3.9 DBXT E50 10US$ 3260 204.7 5.1 DBXT SPASX200 10US$ 2955 182.8 5.0 DBXT
      115 words
    • Article
      Lock icon FALLS
      127 10 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4576 -167.3 -2.8 STI 2850BPePW*****9 41.5 -9.5 -18.6 ABF SG Bond ETF 118.5 -8.5 -6.7 STI 2750BPePW*****9 39.5 -8.5 -17.7 DBS Bk 4.7% NCPS 100 ***** -8.0 -0.1 Novo Grp 21.5 -8.0 -27.1 DBXT MSPHILS 10US$ 110.4 -6.2 -4.2 STI 2800BNPePW*****9
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Prime retail rents in Orchard/ Scotts Road inch up in Q3: DTZ
      368 11  -  Equivalent rent in ‘other city areas’ and suburbs remains flat in Q3 Reports by UMA SHANKARI THE average gross fixed rent of prime first-storey space in the Orchard/Scotts Road area increased by just 0.5 per cent on quarter
      368 words
    • Article
      Lock icon Office rents cool, tenants scale back expansion
      334 11 SINGAPORE’S office property market cooled further in Q3 2011 weighed down by the turbulent macro-economic environment– said a new report from Colliers International. The report, which gave the breakdown of office rental growth across seven micro-markets Raffles Place/New Downtown, Shenton Way/Tanjong Pagar, Marina/City
      334 words
    • Article, Illustration
      Lock icon Accounting professionals here stuck in Singapore: poll
      561 11  -  Survey finds 73% of them are interested to move overseas By DOLLY CHIA OVERSEAS opportunities are scarce for finance and accounting professionals in Singapore, according to the findings of a survey by the Association of Chartered Certified Accountants (ACCA) Singapore and recruitment firm
      Source:  -  561 words
    • Article
      Lock icon $500k Balaji scholarship fund launched
      446 11  -  By MALMINDERJIT SINGH TO mark the anniversary of Balaji Sadasivan’s death, a $500,000 scholarship fund has been launched in his honour to help less fortunate Indian students who are pursuing a course in social work. “The Dr Balaji Sadasivan Scholarship Fund is a fitting tribute
      446 words
    • Article
      Lock icon Singaporeans spending the most time on Facebook: Experian
      437 11  -  By VICTORIA HO SINGAPOREANS top the globe in terms of time spent on Facebook, according to a report from Web analytics firm, Experian. Users in the island state were the biggest users of the social networking site, spending an average of 38
      437 words
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      1377 11 *2? NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SEI WOO TECHNOLOGIES LIMITED (Company Registration Number: *****1517D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sei Woo Technologies Limited (the “Company”) will be held at Block 1002 Jalan Bukit
      1,377 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Swiss indicator points to another downturn
      324 12 Reuters [ZURICH] The UBS Swiss consumption indicator posted its biggest monthly decrease in nine years in August, touching a level only slightly higher than during the last two recessions, meaning Switzerland could be headed for another downturn. The UBS consumption indicator fell 0.49 points
      Reuters; BLOOMBERG  -  324 words
    • Article
      Lock icon German consumer morale holds steady
      328 12 Survey shows reluctance to spend on expectations of economic uncertainties Reuters [BERLIN] German consumer morale held steady going into October at its lowest level in nearly a year as economic uncertainty weighed on households in Europe’s largest economy, the GfK market research group said yesterday.
      – Reuters  -  328 words
    • Article
      Lock icon Bond selling may hamper Bernanke’s plan
      622 12 Fed’s actions may have limited effect as Treasury reduces its amount of debt Bloomberg [WASHINGTON] Federal Reserve chairman Ben S Bernanke and Treasury Secretary Timothy F Geithner may be working at cross purposes as one buys Treasury bonds and the other sells them. The
      Bloomberg  -  622 words
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      441 12 PROPERTY INVESTMENT: THE NEXT BEST BET? 22 Oct (Sat)* 9am-1pm Swissotel Merchant Court Hotel 20 Merchant Road (near Clarke Quay MRT) $48 per pax (Including GST, refreshments, notes goodie bag) Seminar is conducted in Mandarin Organiser: LIANHE ZAOBAO Sponsor: GAMUDA LAND ENRICHING LIFE With America's deep-seated economic woes and the
      441 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Maybank braces for slower revenue growth
      473 13  -  Global slump to hit demand for credit and capital market activity, says CEO By S JAYASANKARAN By in Kuala Lumpur IN a sign of the times, the chief executive of Malaysia’s largest financial institution Maybank said yesterday that he expected revenue to be lower
      FILE PHOTO  -  473 words
    • Article
      Lock icon Loan cap rule for third homes hits sales
      573 13  -  By PAULINE NG in Kuala Lumpur HALF of housing developers in Malaysia say the imposition of a maximum loan-to-value (LTV) ratio of 70 per cent on third homes last year has had some impact on sales. In the country’s richest conurbation, the
      573 words
    • Article
      Lock icon Thailand cancels sale of rice to Indonesia
      466 13 Reuters [BANGKOK] Thailand’s government has cancelled the sale of 300,000 tonnes of rice to Indonesia agreed under the previous administration that left office last month, although Indonesia’s state procurement body said yesterday it had not been informed. “The Public Warehouse Organisation signed an
      – Reuters  -  466 words
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      131 13 ■4 r V j P f m m Wk i V LET'S GO FURTHER ON ONE LITRE OF FUEL. We must learn to use energy more efficiently. For over 25 years, the Shell Eco-marathon has supported teams worldwide who explore ways to maximise fuel economy. On July 9th, 93 teams
      131 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s high inflation rate ‘inimical to growth’: RBI
      432 14 Inflation at 9% way past the threshold, says central bank chief Reuters [NEW YORK] India’s top central bank official defended an 18-month monetary tightening campaign on Monday, calling the country’s inflation rate of about 9 per cent “inimical to growth”. “If inflation
      Reuters  -  432 words
    • Article
      Lock icon China may tighten media control
      342 14 NYT [BEIJING] China’s top leaders are considering “cultural reforms”, state media reported yesterday, which analysts said would be aimed at boosting official control over the media and Internet to shape public opinion. A meeting chaired by President Hu Jintao on Monday called for the “mastering
      NYT  -  342 words
    • Article
      Lock icon China to curb illegal mining of light rare earths
      230 14 Bloomberg [SHANGHAI] Local governments in China’s Inner Mongolia, Shandong and Sichuan provinces are looking for ways to reduce unauthorised mining, smelting and sales of light rare earths, the Ministry of Land and Resources said. The governments will also study the establishment
      – Bloomberg  -  230 words
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      288 14 SUCCESS IS BUILT ON STRONG FUNDAMENTALS -.me UCLA Experience First Hand the Calibre of NUS Business School’s Faculty and Students. Attend our Information Sessions and learn how The NUS MBA and Executive MBA programmes can jumpstart your career. Your ascent to the top starts here at NUS Business School. EXECUTIVE
      288 words
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      373 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STRATEGIC PARTNERS ASIA II, PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NUMBER: *****7929K Notice of Resolution for Members’ Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of Strategic Partners Asia II,
      373 words
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  • WORLD
    • Article
      Lock icon M&A rebound falters on Europe woes
      571 15 Deepening debt crisis in Europe has discouraged some from pursuing deals Bloomberg [NEW YORK] The global rebound in mergers and acquisitions stumbled in the third quarter as takeovers by US and Asian acquirers failed to compensate for a 43 per cent decline in purchases
      Bloomberg  -  571 words
    • Article, Illustration
      Lock icon WOULD YOU CARE TO DANCE?
      48 15 [LONDON] Darcey Bussell, former principal dancer of the Royal Ballet, posing in front of ‘Dancer with Bouquets’ by Edgar Degas at the Royal Academy of Arts. The exhibition, ‘Degas and the Ballet: Picturing Movement’, is on at the academy till Dec 11. AFP
      AFP  -  48 words
    • Article
      Lock icon Ivanhoe shares plunge as Mongolia reviews mine pact
      230 15 Reuters [ULAN BATOR] Shares of Ivanhoe Mines fell more than 12 per cent on Monday after Mongolia said it plans to renegotiate a landmark deal related to the development of the huge Oyu Tolgoi copper-gold project. Vancouver-based Ivanhoe’s shares tumbled on both
      – Reuters  -  230 words
    • Article
      Lock icon Vietcombank to sell 15% stake to Mizuho
      345 15 Agreement gives Japanese lender a foothold in Vietnam Reuters [HANOI] Vietcombank, Vietnam’s second-largest partly private bank by assets, has reached an agreement to sell a 15 per cent stake to Japan’s Mizuho Corporate Bank, a unit of Mizuho Financial Group, the chairman of
      Reuters  -  345 words
    • Article
      Lock icon Market slide hits Asia hedge fund recovery
      528 16 Regional assets contract 5% in H1 2011 to US$145b seeing earlier in the year.” Reuters [HONG KONG] Asia’s hedge funds industry is seen struggling to regain its pre-crisis size any time soon as the recent global market slump threatens to deter investors from
      seeing earlier in the year.” – Reuters  -  528 words
    • Article
      Lock icon Senate to push bill on alleged rigging of yuan
      248 16 AFP [WASHINGTON] The US Senate will move forward next week with a bill to punish China over its alleged currency manipulation, Democratic Majority Leader Harry Reid said on Monday, predicting the legislation will pass. “China trade is a jobs bill that’s
      – AFP  -  248 words
    • Article, Illustration
      Lock icon Thai stock drop prompts calls to alter wage plans
      524 16 Bloomberg [BANGKOK] The biggest drop in Thailand’s main stock index since 2008 has prompted brokerages, fund managers and the bourse to call on Prime Minister Yingluck Shinawatra’s two-month-old government to alter plans to raise the minimum wage. The Federation of Thai
      Bloomberg; REUTERS  -  524 words
    • Article
      Lock icon Canada a hot destination for US retailers
      646 17 They are set to open more stores there, lured by Canada’s many advantages Reuters [NEW YORK] More US retailers looking for fresh markets are turning to Canada, lured by their northern neighbour’s resilient economy, strong currency and the familiarity with their brands. Express
      – Reuters  -  646 words
    • Article, Illustration
      Lock icon Afghan youths gripped by bodybuilding craze
      571 17 AFP [KABUL] Beneath a poster in a Kabul gym of muscular US movie star and politician Arnold Schwarzenegger, scores of young Afghan men are pumping iron to Western dance music and dreaming of looking like their idol. The urban youths, sporting spiky hair and
      – AFP; AFP  -  571 words
    • Article
      Lock icon Cavalli sees slowdown for luxury goods
      398 17 Bloomberg [PARIS] Luxury-goods companies should brace for weaker growth in 2012 as Europe’s sovereign debt crisis leads to a slowdown in spending, according to Gianluca Brozzetti, the chief executive officer of Roberto Cavalli. “To say it won’t have an effect is madness,” Mr Brozzetti
      – Bloomberg  -  398 words
    • Article
      Lock icon Bank bonus caps may cut risk: economist
      360 18 Tying bonus pools to market value of a bank’s assets could rein in excessive pay Bloomberg [LONDON] Linking bank bonuses to balance sheets may limit pay and reduce risk of default while improving shareholder returns, an Oxford University economist said. Tying bonus pools
      – Bloomberg  -  360 words
    • Article, Illustration
      Lock icon Australia opens frontline combat roles to women
      320 18 AFP [SYDNEY] Australia yesterday opened frontline combat roles to women for the first time in its history under a new policy allowing all military positions to be filled on merit rather than gender. Defence Minister Stephen Smith said the changes, approved by the
      – AFP  -  320 words
    • Article, Illustration
      Lock icon UBS bankers face dwindling options
      703 19 Wall Street rivals are slashing jobs as investment banking arm poised to shrink Bloomberg [GENEVA] As UBS AG prepares to shrink its investment bank following a US$2.3 billion loss from unauthorised trading, bankers pushed out or looking to leave may find few opportunities as Wall
      – Bloomberg; BLOOMBERG  -  703 words
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      Lock icon Medvedev sacks FM after televised clash
      647 19 Kudrin taken to task for publicly airing differences AFP [MOSCOW] Russian Finance Minister Alexei Kudrin was ousted after rebelling against a plan to install President Dmitry Medvedev as prime minister when Vladimir Putin returns to the Kremlin in 2012. Mr Kudrin fell on his
      – AFP  -  647 words
    • Article
      Lock icon Borders gets nod to sell customer details
      232 19 Reuters [NEW YORK] A bankruptcy judge gave Borders Group Inc the go-ahead to sell its customer information to former rival Barnes Noble Inc after both sides addressed concerns about customer privacy. Judge Martin Glenn approved the US$13.9 million deal on Monday in US
      – Reuters  -  232 words
    • Article
      Lock icon Coca-Cola launches biggest Russia plant
      312 19 AFP [ROSTOV-ON-DON, Russia] World beverage leader Coca-Cola announced the launch on Monday of its largest plant in Russia in a move aimed at countering the growing influence in the region of its US rival PepsiCo. The shiny new US$120 million plant in the southern city
      AFP  -  312 words
    • Article
      Lock icon LSE head Rolet wins backing for LCH takeover: source
      382 20 Reuters, Bloomberg [LONDON] London Stock Exchange (LSE) head Xavier Rolet has won the backing of LCH.Clearnet’s board for his planned one billion euro (S$1.7 billion) takeover of Europe’s largest independent clearing house, a source familiar with the situation said. The board,
      – Reuters,; Bloomberg  -  382 words
    • Article
      Lock icon Sept consumer confidence rises less than forecast
      555 20 A measure of the difficulty of finding jobs increases to highest in 3 decades LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers rose less than forecast in September, as a measure of the difficulty of finding jobs rose to the highest in
      Bloomberg  -  555 words
    • Article
      Lock icon Italy and Spain sell off 17.7b euros of debt
      394 20 Bloomberg [MADRID] Italy and Spain sold 17.7 billion euros (S$30.8 billion) of debt and their bonds rose after the sale even as both countries had to pay more to borrow than a month ago. Italy sold eight billion euros of 182-day
      – Bloomberg  -  394 words
    • Article
      Lock icon Greece set to approve unpopular property tax
      461 20 Country will get its bailout loans in time: minister Reuters [ATHENS] Greece Finance Minister Evangelos Venizelos said the country will receive its next batch of bailout loans in time to avoid a disastrous default, as it gets set to approve even more austerity
      Reuters  -  461 words
    • Article, Illustration
      Lock icon Eurozone needs plan to shield banks: German FM
      404 20 Bloomberg [BERLIN] German Finance Minister Wolfgang Schaeuble said that every eurozone country must prepare its own plan to protect banks in the event that the crisis worsens, the first confirmation of government efforts to shield banks. Mr Schaeuble said that he has
      Bloomberg; AP  -  404 words
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      169 15 NOW WITH TURN BY TURN VOICE NAVIGATION fr $134,999* Immediate Registration High Trade-in THE 2011 CAPTIVA NOW COMES WITH ADVANCED NAVTRAK CPS AND INFOTAINMENT SYSTEM The 2011 Captiva is a sporty SUV with a responsive new 2.4L ECOTEC engine and a chassis tuned for dynamic driving. It seats up to
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      280 16 •If ft 0£T 'SCUSS, living Look ■•**>'* W" .^OrWatr^ ENJOY 15% OFF 12 MONTHS SUBSCRIPTION TO THE BUSINESS TIMES AT SMART EXPO 2011! Meet Singapore’s best selling property and investment authors and be well informed with free seminars on the market trend from real estate and finance gurus. 1-2 October
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      33 17 (ft ik Lianhe Zaobao Banking HSH favour as recession risk heightens To subscribe, call 6388-3838 or go to sphsubscription.com.sg Banking stocks lose favour asrecession riskheightens To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      2654 18 LUM CHANG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****3949N NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 29»h Annual General Meeting of the Company will be held at Rendezvous Hotel Singapore, Straits Ballroom 2
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      347 18 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF HAND ENTERPRISE SOLUTIONS PTE. LTD. Co. Reg. No. *****2154Z NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and
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      107 18 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
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      1775 19 (S& NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg GuocoLeisure Limited A Member of the Hong Leong Group (Company Registration No. *****) (Continued in Bermuda as an exempted company) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 50th Annual General Meeting of GuocoLeisure Limited ("Company")
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      1745 20 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg .0 rni COMMUNICATION DESIGN INTERNATIONAL LIMITED (Company Registration No. *****5053Z) (Incorporated in Singapore with limited liability) 10 Bukit Batok Crescent, #04-01 The Spire, Singapore *****9 Tel: 6515 6803 Fax: 6515 4984 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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  • Transport HUB
    • Article
      Lock icon PE funds, bonds seen driving shipping finance
      432 21 Alternative sources suggested as EU banks tighten credit lines amid debt crisis Reuters [SINGAPORE] Global shipping firms must look to private equity funds and corporate bond markets to obtain capital to expand their operations as traditional bank financing dries up in the West,
      – Reuters  -  432 words
    • Article
      Lock icon Strange and difficult times
      894 21  -  STRAIT TALK By DAVID HUGHES OVER-ORDER-ING of ships of almost all types h as t ras h e d freight rates and put the future of a significant number of owners in jeopardy, as well as raising the spectre of a return to large-scale lay-ups. Paradoxically,
      894 words
    • Article
      Lock icon Increased iron ore supplies won’t help shipowner losses
      849 21 As the industry grapples with glut, miners make profits 20.– Bloomberg [LONDON] Shipowners may face losses until 2015 even with mining companies poised to increase global iron ore supplies by almost as much as China imports in a year. Rio Tinto Group,
      20.– Bloomberg  -  849 words
    • Article
      Lock icon TRANSPORT STOCKS
      260 21 SGX '000 Sep 27 S$ +/-Vol CH Offshore 0.39 0.02 28 Chuan Hup Hldg 0.21 unch 175 Cosco Corp 0.98 0.03 ***** S$ Ezra Hldgs 0.90 0.02 5060 First Ship Lea 0.29 unch 378 Freight Links 0.06 unch 759 Grand Banks 0.35 unch 160 Jaya Hold Ltd 0.45
      260 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon EasyJet says founder planning discount airline
        301 22 Bloomberg [LONDON] EasyJet plc, Europe’s second-biggest discount airline, said that founder Stelios Haji-Ioan-nou has given notice of plans to found a rival carrier known as Fastjet. The proposal would break a branding accord struck last October with the entrepreneur, Luton, Eng-land-based EasyJet said yesterday.
        Bloomberg  -  301 words
      • Article, Illustration
        Lock icon EU emissions trading scheme a punitive tax on airlines: Iata
        624 22  -  It asks EU to partner industry which has plans in place to cut carbon emissions By VEN SREENIVASAN THE International Air Transport Association (Iata) once again slammed Europe’s plans to introduce its emission trading scheme in 2012, calling it misguided
        AFP  -  624 words
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        Lock icon Boeing hands first 787 Dreamliner to Japan’s ANA
        857 22 Aircraft over three years behind schedule on design changes, supplier troubles Reuters [SEATTLE] Boeing Co workers presented the company’s first 787 Dreamliner in the pouring rain to All Nippon Airways on Monday, capping nearly a decade of development of the world’s most
        Reuters; AFP  -  857 words
      • Article
        Lock icon Freight slowdown worries Cathay
        155 22 Bloomberg [HONG KONG] Cathay Pacific Airways, the world’s largest international air cargo carrier, is “very worried” about the fourth quarter because of a freight slowdown. The industry is unlikely to see a traditional end-of-year traffic jump as demand cools, particularly in Europe, chief operating officer Ivan
        – Bloomberg  -  155 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon S’pore police consider using diesel cars
        530 23  -  They are understood to have called for tender for two standard saloons By SAMUEL EE MORE diesel passenger cars could be hitting the road in Singapore soon, but with slightly more distinctive accessories such as sirens and blue and red beacons. The Singapore Police
        530 words
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        Lock icon Ford’s union workers prepare for strike
        645 23 NYT [DETROIT] Contract talks between the United Auto Workers and the Ford Motor Co intensified, but the union was preparing for a strike in case a deal could not be reached. People briefed on the negotiations who spoke on condition of anonymity said that
        NYT; REUTERS  -  645 words
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        Lock icon Audi joins the F1 fun – with own bash
        486 23  - Audi joins the F1 fun with own bash It unveils its limited edition R8 GT for guests at Fullerton By SAMUEL EE AUDI may not have a team in Formula One, but the German premium carmaker spent generously on its annual F1 party to ensure its customers didn’t miss out
        486 words
      • Article
        Lock icon GM, union to tackle pension shortfall
        378 23 Reuters [DETROIT] General Motors Co, facing a pension shortfall that may rival its market value by year-end, has won an agreement from the United Auto Workers (UAW) to consider ways to reduce the risk of its underfunded plan, a letter between the carmaker and
        – Reuters  -  378 words
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      86 21 All ways with you. All around the world. r Cl -i A Our goal: More Than Shipping. The world, our stage. At NYK, we do more than 'ship' goods all over the world. Our monohakobi (transport) comes in various forms: by sea, air, and land via rail and road. The
      86 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      331 22 CRYPTIC CROSSWORD Across 7 Lion leapt about after angry bees do this (5-9) 9 Southern rebel leader in violent revolt —-that’s unusual (10) 11 See: 12 12 11 Waning star Bogarde’s limits apparent in Shane remake (3-4) 13 Enjoy freedom of movement at liberty after prison term (7,3) 16 Unfinished
      331 words
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      33 23 91.3F MUSIC n n Catch the I MM Street Team fowin -J TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD! 91.3FM TODAY'S BEST MUSDC i
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      43 23 Get The Latest Copy of Home Decor At The Fair! VISIT THE SEPT 30 OCT 2, 2011 (FRI SUN) 11AM 9PM MARINA SQUARE CENTRAL ATRIUM CHECK OUT: THE LATEST DECOR TRENDS RENO IDEAS SUBSCRIPTION DEALS FREE GOODIE BAGS VISITORS’ LUCKY DRAW COMPLIMENTARY COFFEE
      43 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Eurozone needs a growth agenda
      489 24 EDITORIAL AFTER a traumatic week, financial markets enjoyed a happy respite yesterday, with Asian bourses rising by 2-5 per cent, and European markets also gaining ground. But is this just another upward bounce of the yo-yo in other words, a temporary spike amid continued volatility?
      489 words
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      Lock icon Taiwan is China’s most important audience
      780 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AS expected, the United States rejected Taiwan’s request for sophisticated F-16C/D fighter jets so as not to incense China, but instead agreed to upgrade the
      780 words
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      Lock icon IMF meeting makes little difference in current crisis
      1035 24  -  The main obstacles to resolving the economic woes are political in nature LEON HADAR Washington Correspondent WHAT happens if a tree falls in the forest and everyone does hear it but then no one cares? Assessing the outcome of the weekend’s meetings
      AP  -  1,035 words
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      Lock icon Walking the talk – on ‘green’ tyres
      972 25  - Walking the talk on ‘green’ tyres A big investor here, Lanxess is partnering US biomass company Gevo to help it in its new endeavour RONNIE LIM Energy Editor TODAY’S economic weather forecast, going by most market watchers, is for more dark clouds, with storms looming on the horizon. Given this
      REUTERS  -  972 words
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      Lock icon Eurozone needs to decide on a course of action
      963 25  -  By YANNOS PAPANTONIOU The writer was economy and finance minister of Greece from 1994 to 2001 and is currently president of the Center for Progressive Policy Research, an independent think tank Project Syndicate GERMANY’S arguments against introducing Eurobonds, expanding the eurozone’s
      Project Syndicate  -  963 words
    • Article
      Lock icon Fund didn’t meet CPF Board’s criteria
      248 25  -  LETTER TO THE EDITOR Jennifer Toh Deputy Director (Corporate Communications) Central Provident Fund Board WE refer to the article, “Alpha pays a price for its success” (BT, Sept 21). The CPF Investment Scheme (CPFIS) provides members with the opportunity to pursue higher returns on
      248 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2996 26 Transaction date: Sep 27 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 Company Last Sale Vol Day Last Quote 23 19 AIMSAMPIReit 20 +0.3 797 20 19.9 19.9 20 9.9 10.1 443.9
      2,996 words
    • Article
      Lock icon SGX CATALIST
      138 27 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 Company Last Sale Vol Day (‘000) High Low Last Quote Suyer Seller Div Gr Yld Net C’vr P/E M Cap Smil f0.6 21 14.9
      138 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7234 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA Life Aberdeen Asset Mgt Asia Limited Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia
      7,234 words
    • Article
      Lock icon GLOBALQUOTE
      221 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53 29.5 Genting HK US$ US31 +0.5 ***** 31.5 30 30.5 31 2041.2 20.5 10 OGL Resources A$ A10 6.1 12 1.5 223 168 TanChongInt HK178 +10
      221 words
    • Article
      Lock icon SGX ETF
      770 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 118.5 -8.5 62 123.5 116 118.5 125 540.9 1261 856 CIMBAsean40 100US$ US914 +58 34 914 870 826 916 36.6
      770 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 28 In local curr In S$ In US$ dy yr dy yr dy yr Sep 26 Index Change Change Change Change Change Change World Index Preliminary 770.2 0.7 -14.2 1.1 -12.6 0.6 -13.9 EAFE Preliminary 640.9 0.3 -20.0 0.6 -17.9 0.2 -19.1 Europe Preliminary 936.9 1.5
      369 words
    • Article
      Lock icon CHICAGO BOT
      107 28 Sep 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1259.75 1258.00 1267.25 1226.00 Jan 12 1271.25 1269.00 1278.00 1237.50 Mar 12 1278.00 1276.50 1284.50 1245.50 May 12 1282.75 1282.25 1291.00 1249.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 52.22
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 28 Sep 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 29.12.2011 0.22 0.18 0.15 1-Year BY*****X 02.05.2012 0.21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.77 5-Year N*****0W 1.125 01.04.2016 102.66 102.80 102.80
      82 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      454 28 Sep 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.5150 0 3896 Mar12 99.4850 0 2725 Jun12 99.4850 0 1178 Sep12 99.4850 0 892 EUROYEN TIBOR FUTURES Dec11 99.6900 1 2382 Mar12 99.6950 100 2438 Jun12 99.7000 0 1470 Sep12 99.6975 0 411 Dec12 99.7550
      454 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Sep 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.50 -1.13 WTI (Near Mth) 80.92 0.67 Dubai (1-Mth F) 100.18 -2.03 Tapis blend 114.91 -2.24 Minas 107.91 -2.24 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.39 -3.58 Jet Kerosene 116.65 -3.75 US$/barrel Opec Oil
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      104 28 As on 26 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1647.30 1536.60 1601.30 1639.9 Silver DEC-11 30.210 26.190 28.805 30.105 CURRENCY US Dollar-Jap Yen DEC-11 76.42 76.19 76.42 76.49 Euro-US Dollar DEC-11 1.3535 1.3362 1.3437 1.3494 Aust-US Dollar DEC-11 0.9730
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    • Article
      Lock icon SGX FUTURES
      156 28 Sep 27 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 427.7 281 Nov 11 427.2 295 Dec 11 427.2 499 Jan 12 427.7 274 Feb 12 430.7 240 Mar 12 433.5 163 Apr 12 435.0 123 May
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    • Article
      Lock icon LONDON METALS
      67 28 Sep 26 Sep Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2170.75 2173.75 3 months 2204.00 2206.00 Copper, Grade A(US$/tonne) Cash 7250.75 7343.00 3 months 7266.00 7360.00 Lead(US$/tonne) Cash 1897.00 1376.00 3 months 1877.00 1955.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 28 Sep 26 COCOA (£/tonne) Close Prev High/Low Dec 11 1747 1734 1757/1821 Mar 12 1778 1766 1788/1755 May 12 1795 1784 1805/1772 Jul 12 1811 1800 1820/1790 COFFEE(US$/tonne) Close Prev High/Low Sep 11 1923 1917 1921/1905 Nov 11 1954 1951 1978/1932 Jan 12 1988 1983 2012/1965 Mar 12 2013
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1321 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 1 -0.7 713 1 150 45 104.00 32 Conv Ratio Exer Baker Technology Ltd W*****6 7 1 32 42 3.93 14 Best World Intl Ltd W*****5 2 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Sep 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 6.324 0.732 7.704 48.607 88.367 0.755 11.624 3.115 1.255 86.410 42.844 1.272 7.862 0.893 30.118 30.617 0.636 0.988 Canada 0.986 6.233
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    • Article
      Lock icon SIBOR
      56 28 Sep 27 (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$) 0.***** 3 mths 0.***** Sep 0.***** 9 mths 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      141 28 Sep 27 GOLD(US$/oz) Sep 26 Sep 27 Hong Kong 1621.00 1662.30 Sep 27 Sep 23 Sep 26 London 1676.60 1603.60 1677.35 1604.35 Source: Thomson Reuters CAST BAR Sep 27 (S$) Selling Buying Kilobar 73,075.65 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 465 340 10gm
      141 words
    • Article
      Lock icon PALM OIL
      57 28 Sep 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2951 2982 2982 2930 214 3177 Nov 11 2954 2949 2954 2905 3081 ***** Dec 11 2930 2948 2950 2900 ***** ***** Jan 12 2930 2950
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 28 Sep 27 Open High Sett STI Sep 2689 2689 2726 SIMSCI Sep 306.4 315.8 315.4 Taiwan Sep 243.3 254.8 254.8 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Sep 27 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2719 1.2730 0.9882 0.9887 Canadian dollar 1.2539 1.2545 0.9742 0.9744 Euro 1.7385 1.7394 1.3507 1.3510 NZ dollar 1.0132 1.0142 0.7872 0.7877 Sterling pound 2.0008 2.0018 1.5545
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Sep 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.298 1.237 Can dollar 1.285 1.236 Euro 1.78 1.712 Sterling pound 2.05 1.972 NZ dollar 1.037 0.988 US dollar 1.315 1.265 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      148 28 Sep 27 $S Offer Bid 0vernight 0.02 par 1-month 1/4 1/8 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.90 0.70 12
      148 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 28 Sep 27 S$ Bid Offer 1-month 1.2869 1.2874 2-months 1.2866 1.2873 3-months 1.2862 1.2869 6-months 1.2838 1.2846 Source: OCBC Source: OCBC
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      1105 29 The Business Times Shipping times 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 UEN NO. *****3249E Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE U.S.A. SERVICE Destination
      1,105 words
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      488 31 I i k _A"V_yA OF. CitiFX® Pro Exempt Small Fund Manager Seminar Thursday 20th October 2011 Please join us for an afternoon of insight into the Fund Raising lifecycle for an FX Manager. Understand what stage of the lifecycle you are at and how to face the challenges ahead. Impact
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  • executive Money
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      1027 32  -  There are ‘many pockets of great value’, particularly if you are able to hold the stocks for five to 10 years, reportsGENEVIEVE GENEVIEVE CUA MARKETS are not yet in “buy” territory, although a capitulation may be near, says Ben Funnell, equity strategist and
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      400 32 NYT [NEW YORK] After a week in which stocks sank more than 6 per cent, the sell-off in equities that began five months ago is coming perilously close to bear market territory. Whether this correction turns into a full-fledged
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      1601 31  -  Treasuries due in 10 or more years have returned 28% in 2011, exceeding the 24.4% gain in all of 2008 during the financial crisis By DANIEL KRUGER, JOHN DETRIXHE Bloomberg ETTING on Ben S Bernanke has been the most profitable trade for government bond investors
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      98 32 Deutsche Bank db.com Central to Asia’s flow markets. Best Global Flow House Euromoney Awards for Excellence 2011 No. 1 Euro USD Rates Euromoney Rates Survey 2011 No. 1 Overall Asian Fixed Income Greenwich Associates Share Leader Awards 2010 Over 20% market share Asia FX Euromoney FX Poll 2011 This advertisement
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      358 2 / 3 DBS takes wealth management in Asia to a whole new level. Introducing DBS Treasures Private Client and DBS Private Bank. 1 Z. i P •ft s._ v i 11 I —=E~ as ;ia: I riH <•» •n Two wealth management platforms from the bank that's been helping to grow Singapore's
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      467 4  -  By Genevieve Cua Personal Finance Editor THIS year may have started on a fairly optimistic footing, but recent developments have not been encouraging. The US credit rating downgrade dealt a shock, but that was not the only blow. Europe’s debt crisis is yet another heavy overhang that will
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        1481 8  -  ENJOY YOUR WEALTH, BUT DON’T DEPLETE IT. HERE’S HOW By KENNY FOO Kenny Foo is a Managing Director and the Head of Wealth Advisory for Asia Pacific at JP Morgan Private Bank OU have worked hard and, over a lifetime, amassed significant wealth. It’s time
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        3623 10 PANEL DISCUSSES HOW LONGER LIVES AND REDUCED WORK COMMITMENT ARE AFFECTING PORTFOLIOS AND INHERITANCE PLANNING RETIREMENT is no longer a given among the wealthy, and perhaps it never was. Surveys are finding that the proportion of wealthy individuals who see themselves as “nevertirees”, a term
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        200 12 Genevieve Cua, BT personal finance editor, explores the changing nature of retirement portfolios and succession planning with: Anthonia Hui,a veteran in private banking. Ms Hui co-founded independent financial advisory AL Wealth Partners in Singapore in 2007. The firm holds a boutique fund management licence and deals
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        1111 16  -  INVESTORS SHOULD SHIFT TO A NEUTRAL POSITION ON EQUITIES TO MITIGATE HEIGHTENED GLOBAL UNCERTAINTIES By FAN CHEUK WAN Fan Cheuk Wan is Managing Director, Head of Research Asia Pacific, Credit Suisse Private Banking division AILURE by Greece to meet the targets needed for the disbursement
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        1696 18  -  THE WAY O SECURE A TRIPLE-A ATING ON YOUR PLAN FOR FINANCIAL INDEPENDENCE IS TO GET YOUR ASSET ALLOCATION AND ADVICE RIGHT FROM THE START By ROY A VARGHESE Roy A Varghese is Foundation Adviser at ipac Singapore. He can be reached at roy.varghese@ipac.com.sg. These are his
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        1160 21  -  QUALITY DIVIDEND YIELD STOCKS AND REITS ARE ATTRACTIVE INVESTMENT CLASSES FOR ONE’S PORTFOLIO DURING THE GOLDEN YEARS By JANICE CHUA Janice Chua is Head of Research, DBS Vickers Securities (Singapore) ETIREMENT is an issue both relevant and inevitable for most of us. Yet it is also daunting,
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        1172 22 An increasing number of wealthy individuals in emerging markets believe that they would never retire. CRAIG BURGESS, Head, Singapore and Client Solutions at ANZ Private Bank Asia Pacific, discusses the elements that contribute to a robust retirement portfolio SPECIAL FEATURE Question: There is
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        470 23 Choosing Your Bank Competitive Advantage Client Confidence BSI Bank is one of the most dynamic private banks in Asia. We asked three of the bank's senior executives to respond to challenging questions they often receive from clients. BSI was established in Lugano, Switzerland in 1873
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        1138 26  -  INDIVIDUALS, WHEN SAVING FOR RETIREMENT, WOULD DO WELLTO RELY ON LOW VOLATILITY INSTRUMENTS THAT PROVIDE A RELATIVELY STABLE RETURN AND ARE EASIER TO MAINTAIN By Shrikant Bhat Shrikant Bhat is Head of Wealth Management at Citibank Singapore Ltd UILDING up one’s nest egg is more a marathon
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        916 28  -  WEALTH DOES NOT NECESSARILY MAKE RETIREMENT EASIER. RATHER,THE RICHER YOU ARE, THE MORE COMPLEX THE PROCESS OF MANAGING YOUR RETIREMENT BECOMES By JEFFREY ONG Jeffrey Ong is the Head of Investment Counselors, Wealth Management, Singapore, at Standard Chartered Bank AVING wealth today does not guarantee a
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      1545 30  -  ASIA BONDS HAVE GENERATED DECENT RETURNS OVER THE PAST 10 YEARS. THEIR LOW VOLATILITY IS ANOTHER POSITIVE By ChiaTse Chern and Wilson Aw Chia Tse Chern is Fund Manager of United Asian Bond Fund and Co-head of Asia Fixed Income, UOB Asset Management Wilson Aw is
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        936 34  -  FOR THOSE INVESTORS COMFORTABLE WITH THE INHERENT VOLATILITY OF THE FOREIGN EXCHANGE MARKET, THERE ARE SEVERAL BENEFITS TO ALLOCATING A PORTION OF CAPITALTO FX By MARION LANG Marion Lang is Head of Sales and Marketing for OANDA Asia Pacific Ltd, which provides online foreign exchange trading, funds
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        1176 36  -  EDUCATION IS ESSENTIAL TO PREPARE THE CHILDREN OF WEALTHY FAMILIES TO ACCEPT THE RESPONSIBILITIES OF INHERITING SUBSTANTIAL WEALTH By DAVID LIM, KEVIN TAY David Lim is CEO Singapore of Bank Julius Baer Kevin Tay is Head, Wealth and Tax Planning of Bank Julius Baer A S
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        1407 38  -  A SUCCESSFUL ENTREPRENEUR’S ABILITY TO HAND OVER THE MANTLE TO WELL-PREPARED NEXT GENERATION LEADERSHIP IS THE FINAL MEASURE OF HIS LEADERSHIP OF THE FAMILY BUSINESS By JUNE LEE, JENNY SANTI June Lee is Head of Family Governance, UBS Wealth Management Jenny Santi is Head of Philanthropy Services,
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        1479 40  -  THE APPROPRIATE MEDICAL EXPENSE INSURANCE WILL DEPEND ON THE LIFESTYLE THAT ONE CHOOSES IN ONE’S GOLDEN YEARS By CHRISTOPFER TAN, TANG YIN FONG Christopher Tan is the chief executive officer of Providend, a fee-only independent financial advisory firm Tang Yin Fong is the senior specialist, risk
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        1438 44  -  REITS ARE LESS AFFECTED BY THE CURRENT MARKET VOLATILITY AND THEY OFFER A GOOD BALANCE, DISTRIBUTION YIELD AND DIVERSIFICATION TO A PORTFOLIO By CARMEN LEE Carmen Lee is Head of OCBC Investment Research and amemberofthe OCBC Wealth Panel ECENT global uncertainties have brought about wild
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        1889 46  -  THE RESIDENTIAL LEASING MARKET IS NO LONGER AS EASY TO READ AS BEFORE AND ITS SHORT-TERM OUTLOOK IS UNCERTAIN By Colin Tan Colin Tan is Director, Research Consultancy, Chesterton Suntec International T may come as a surprise or even appear illogical to some, especially among novice investors,
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        1546 48  -  IT’S EASY TO DRAW THE CONCLUSION THAT TIMEPIECES MAKE GREAT INVESTMENTS. BUT SOME EXPERTS ALSO MAKE THE CASE AGAINST BUYING WATCHES FOR PURE MONETARY REASONS By CHUANG PECK MING T was love at first sight when I happened upon the watch in an advertisement in Time
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        1337 50  - ‘FUTURES’ A THING OF THE PAST? THE PROFESSIONAL WINE INVESTOR, LOOKING AT NOTHING OTHER THAN RISK AND RETURN CHARACTERISTICS, SHOULD NOT TOUCH EN PRIMEUR, EVEN WITH A BARGEPOLE By ANDREW DELLA CASA Andrew della Casa is Director, The Wine Investment Fund UYING fine wine when still in barrel was traditionally
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      236 4 contents 6 Enjoying the golden years Behavioural finance tips about investing optimally 8 How much can I spend? How to enjoy your wealth without depleting it 10 Roundtable: The times they are a-changin’ Panel discusses new factors affecting retirement planning 16 Protect your wealth amid turmoil Investors should shift to
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      135 5 Discover how we open doors to greater prosperity across generations. At HSBC Private Bank, we appreciate the importance of working with someone you can trust when it comes to providing for your family. In Asia, this has led to us being named the best provider of inheritance and succession planning
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      93 7 Credit Suisse A 5r 5 i Credit Suisse. Your trusted partner for your business needs. Your life is influenced by travel and meetings. Efficiency and reliability are key. That’s why we see beyond the obvious and we understand what success means to you. By partnering with our team you benefit
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      89 9 Tomorrow needs commitment We help you to protect, grow and pass on your wealth. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we forge a lasting relationship based on trust and help you build an enduring legacy. Face the future with
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      182 13 Success is not a destination. It's a Journey. 7 i Jf Best Private Bank FinanceAsia Awards 2010 Private Bank of the Year Asia Risk Awards 2010 Best Wealth Management House in Asia The Asset's 2010 Triple A Investors and Wealth Managers Awards Best Global Private Bank The Banker and Professional
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      222 15 Until Francis Jehl had helped realise the vision of Thomas Edison, he would not rest. (Michigan, 1929.) S’ r What can your bank learn about determination from Francis Jehl? Thomas Edison had no shortage of visionary ideas. Including the light bulb. Fortunately for him, Francis Jehl was committed to bringing
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      131 17 IT TAKES DAYS, HOURS AND MINUTES TO ACHIEVE THE ULTIMATE SECOND. Prof. Ludwig Oechslin, curator of the Musée international d’horlogerie in La Chaux-de Fonds, Switzerland Master watchmaker Ludwig Oechslin understands the impor tance of precise interaction. He knows that complex components must work together seamlessly, for per fect time to
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      164 20 Winning strategies. Exceptional results. At ANZ Private Bank, we appreciate that the quality of our advice can only be measured by the results we deliver. Our team of trusted advisers deliver powerful, pragmatic strategies with commitment, diligence and integrity. In collaboration with our corporate and commercial counterparts, and taking full
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      44 25 Ambition in Private Bankina 'tii L I i jS wWj For us, private banking means having the ambition to exceed expectations. Also yours: +65 6532 5325 orwww.claridenleu.com Gladden Leu Ltd., Singapore Branch, Singapore Clariden w Leu SWISS PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-01
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      117 27 The OCBC Wealth Panel (from left to right): Selena Ling, Lim Wyson,Vasu Menon, Simon Flood, Carmen Lee and Michael Tan N A V 1 TO GIVE YOUR INVESTMENT PORTFOLIO AN EDGE, TAP INTO THE INSIGHTS OF THE OCBC WEALTH PANEL The OCBC Wealth Panel comprises a 6-member team of reputable
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      171 29 Maggie Tsui Deputy Head of Investment Services Asia BNP Paribas Wealth Management 1 Wl -t > A r < r Looking to manage your own wealth by pulling the right levers? Look no further Ik kr 11 AS WEALTH ADVISORS, OUR FINANCIAL COUNSEL IS AT YOUR SERVICE Managing your own
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      176 31 WORKING TOWARDS ONE GOAL: YOURS PRIVATE BANKING Your private banker works closely with a team of dedicated industry experts developing appropriate solutions to help you manage your wealth and meet your personal objectives. www.privatebanking.societegenerale.asia Societe Generale Private Banking is a part of Societe Generale, Société Anonyme registered in 29 boulevard
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      289 33 China Opportunities and Strategies Timely moves to optimize potential n( ioo' uc ((OV>V° 1 N as s*** ml a V \TS> The opportunities in China can never be underestimated. Despite inflationary concerns, the valuations of Chinese equities remain attractive on strong earnings fundamentals. With the 12th Five-Year Plan in place,
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      267 35 M -T Z' i r •ip n j v r -4 > 4 V O Your Returns are the Rewards for Your Golden Years Good investment returns can bring you closer to your goals. Whether it's enjoying a new hobby or spending more time with your grandchildren, careful planning and
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      92 37 You don’t give your children half the education they need to get ahead. So would you give them only half the life insurance protection they need to secure their lifestyle? The life insurance you have may not be enough for your children to finish school if you are no longer
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      291 39 PROTECTION I INVESTMENT AIA FAMILY FIRST PROTECT Half the life insurance you need provides your child as much education as this. AIA Family First Protect not only protects your child’s future, it’s affordable to you With AIA Family First Protect, you can provide your family the protection they need, when
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      158 41 You waited to establish your business. You waited to map your growth. You waited to enter Southeast Asia's leading economy. YOU DON'T HAVE TO WAIT ANYMORE. —7 MAGNUM I “1 The- English Garden at Night T G In the heart of Singapore's financial district stands a residential gem most luxurious
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      108 43 c(Au)tious r»s w 1 Successful family dynasties typically hold a portion of their wealth in gold and pass it down. Gold Reassuringly Valuable. Contact the gold investment experts: www.hindecapital.com For Professional Investors only and not suitable for Retail Investors. This Marketing Communication has been approved by Hinde Capital Ltd which
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      211 51 BANKOFSINGAPORE International Private Banking Having a wealth of expertise has won us the invaluable trust of clients. And the much-valued 'Best Private Bank Singapore 2010' award. N Hilili: Ml Mi. MM jB10 FmanceAsia COUNTRY AWARDS FOR ACHIEVEMENT ©I Souihmi Alia 1 ISIAMONEY POLLS 2009 BEST PRIVATE BANK FOR RANGE OF
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      163 52 mm •j. l 1. DREAM 2. BUILD 3. DREAM WEALTH. WHAT’S IT TO YOU? After your dream becomes a success, what do you do? You may want to venture into something new or expand your existing horizons. Whatever your goals, we make sure the focus is firmly on you, putting
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