The Business Times, 18 April 2012

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

Total Pages: 34
1 34 The Business Times
  • 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, April 18, 2012
    25 words
  • 710 1  -  Optimism over GDP growth gives way to gloomier predictions By CHUANG PECK MING [SINGAPORE] Last Friday, they were bulls calling for an upward revision of the official growth forecast, after flash estimates for the first quarter’s gross domestic product turned out
    Source: IE S’pore  -  710 words
  • 853 1  -  Company turnover must be at least $200m in property sector, $50m in others By JAMIE LEE [SINGAPORE] First a scheme that allowed rich foreigners to fast-track their permanent resident applications was scrapped. Now the bar has been raised for entrepreneurs from
    853 words
  • MARKETS DIGEST
    • 110 1 HST INDEX 2,986.59 (-5.53) HST INDEX FUTURES 2,971.00 (-6.00) HSIMSCI 342.35 (-0.39) HSIMSCI FUTURES 340.20 (-0.40) us$ s$ US$ (S$ per US$) 1.251 (US$/S$ per 1.592 1.992 EURO (US$/S$/E) 1.314 1.644 Foreign currency per US$ S$ YEN 80.60 64.40 RM 3.067 2.451 HK$ 7.761 6.203 BAHT 30.82 24.63 RUPIAH
      110 words
    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.508 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
      18 words
  • Page 1 Advertisements
    • 160 1 GLASGOW RANGERS Singapore group close to snagging Scottish club PAGE 4 TRANSPORT HUB Rare spike in new car registrations PAGE 23 CORPORATE RESULTS Few surprises likely, say analysts PAGE 6 COMMENTARY The RBI makes a downpayment on growth PAGE 4 No go for ’second wage revolution’ Economic restructuring requires much
      160 words
    • 2 1 *****1 *****4
      2 words

  • TOP STORIES
    • 609 2  -  This will likely lead to update of laws, expanded coverage to more PMEs Reports by CHUANG PECK MING [SINGAPORE] The labour movement has finally got through to the government in its push for a review of the Employment Act. “MOM (Minister of Manpower)
      609 words
    • 549 2 Minister: Economic restructuring requires much more than that [SINGAPORE] Professor Lim Chong Yah’s proposed second wage revolution to close the income gap now looks as good as dead. Yesterday, the government gave its official word: It can’t be done. “Economic restructuring cannot be achieved
      549 words
    • THREE-MINUTE DIGEST
      • 59 2 FIRST a scheme that allowed rich foreigners to fast-track their permanent resident applications was scrapped. Now the bar has been raised for entrepreneurs from abroad who seek PR status by investing in Singapore. Fresh updates made by the Economic Development Board showed that
        59 words
      • 70 2 LAST Friday they were bulls calling for an upward revision of the official growth forecast, after flash estimates for the first quarter’s gross domestic product turned out to be better than expected. Yesterday, some of the private-sector economists were transformed into bears who
        70 words
      • 60 2 THE labour movement has finally got through to the government in its push for a review of the Employment Act. The review, expected to be done with unions and employers, is likely to lead to moves to update labour laws and expand the scope of
        60 words
      • 36 2 PROFESSOR Lim Chong Yah’s proposed second wage revolution to close the income gap now looks as good as dead. Yesterday, the government gave its official word: It can’t be done.
        36 words
      • 68 2 SC GLOBAL Developments has unveiled its plans to develop its latest luxury project, the Sculptura Ardmore, on the highest point of the exclusive Ardmore Park neighbourhood. The 36-storey freehold tower located at 8 Ardmore Park will offer 35 apartments ranging from 2,800 square feet
        68 words
      • 67 2 MERCEDES-BENZ is Singapore’s top brand as the new car market posted an uncharacteristic 8.9 per cent increase to 7,510 units in the first three months of 2012 compared with the same period last year. The spike is likely to be due to the 13
        67 words
    • 590 4  -  Govt must do the rest by getting its act together, reining in spending and through solid reforms COMMENTARY VIKRAM KHANNA Associate Editor THE 50 basis point rate cut announced yesterday by the Reserve Bank of India (RBI) has surprised just about every
      590 words
    • 547 4  -  COMMITTEE OF INQUIRY PUBLIC HEARING By SAMUEL EE [SINGAPORE] The Committee of Inquiry (COI) wants to know why a proposal for a split-pin locking system for the rail claw was rejected 25 years ago when the second phase of Singapore’s mass
      547 words
    • 389 4  -  By KENNETH LIM [SINGAPORE] The Republic is drawing alternative fund managers from other jurisdictions because of its balanced regulatory environment and quality workforce, said executives of leading alternative investment service provider State Street Global Services. “We have evidence of that with our client
      389 words
    • 655 4  -  By MALMINDERJIT SINGH [SINGAPORE] A top British football club with a proud history and track record of achievements may soon have Singaporean owners. The Singapore-based consortium bidding for Glasgow Rangers came within reach of confirming their purchase of the Scottish football club after their
      AFP  -  655 words
    • 880 4  -  By KALPANA RASHIWALA [SINGAPORE] Kishin RK’s RB Capital group has made a record top bid for a 99-year leasehold hotel plot in Little India above the Farrer Park MRT Station. Its bid of $151.005 million or $1,078.81 per square
      880 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 191 3 Introducing the all-new 2,5-litre V6 Infiniti M25, the most luxurious sedan in its class. m yt Now, for the first time, experience luxury as a bold, new attitude. The perfect statement of Japanese craftsmanship inspired by nature, the 2.5-litre V6 Infiniti M25 delivers an exhilarating performance while keeping you emotionally
      191 words


  • Page 5 Advertisements
    • 49 5 A//? Europe's Best Airline A STAR ALLIANCE MEMBER Dining room. 1 B Living room. Bedroom. v BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 TURKISH (jf% AIRLINES
      49 words

  • COMPANY NEWS
    • 1020 6  -  But commodity players may deviate somewhat from expectations By KELLY TAY A REGULAR earnings season? That seems likely, say analysts, who expect Q1 2012 results to pan out as planned, on the back of strong gross domestic product (GDP) growth
      1,020 words
    • 540 6  -  By JAMIE LEE SINGAPORE Exchange (SGX) does not rule out listing yuan-denominated IPOs and other yuan-linked debt here, as it pushed out its dual currency trading offering early this month, chief executive officer Magnus Bocker said yesterday. SGX’s dark-pool joint v en t ure
      540 words
    • 312 6  -  By JASMINE NG SHARES of ASL Marine Holdings yesterday rose as much as 6 per cent after it bagged $132.5 million worth of contracts for the construction of five vessels. The integrated marine group is due to deliver the vessels between
      312 words
    • 314 6  -  By CONRAD TAN TELEDATA (Singapore) Ltd has promised to tighten its internal controls after an external review of its operating procedures found various weaknesses. Among these were the use of cash cheques for payment and the practice of splitting big payments to
      314 words
    • 228 6  -  By VEN SREENIVASAN SINGAPORE Airlines Cargo will manage the bellyhold capacity of low-cost longhaul carrier Scoot when the latter starts commercial flights this year. Scoot, wholly owned by Singapore Airlines (SIA), will start daily services between Singapore and Sydney, and five-times-weekly services between
      228 words
    • 558 8  -  Amount available for distribution in Q4 rises 19% to $72.9 million By MICHELLE TAN A SET of decent results for its final quarter capped off an eventful financial year for Ascendas Real Estate Investment Trust (A-Reit). Gross revenue for the quarter ended March 31 jumped
      558 words
    • 349 8  -  By MINDY MINDY TAN CAPITARETAIL China Trust (CRCT) remains confident about its prospects in China, the “bright spot in a still uncertain global economy”, and its ability to tap into China’s robust consumption growth. CRCT posted a 23.6 per cent increase in income
      349 words
    • 585 8 Reuters [SINGAPORE] In the 1470s, the prominent Spinola family of Genoa had an apprentice business agent in Barcelona named Christopher Columbus helping to handle their shipments, preparing the young sailor for his later voyages of discovery to the New World. These days,
      Reuters; REUTERS  -  585 words
    • 390 8  -  By LEE U-WEN BEREAVEMENT care services provider Asia-Pacific Strategic Investments Ltd (APS) has struck a $568 million conditional sale-and-purchase agreement with Bright Eagle Enterprises Group, an engineering solutions provider in the power generation industry. The proposed deal, should it be completed, will
      390 words
    • 127 12 BY CENTS CLOSE UP GLD 10US$ ***** 101.3 0.5 DBXT MSEurope 10US$ 4262 100.1 1.9 DBXT iBoxxSing 5SG$ ***** 80.0 0.6 DBXT AUD Bonds 5AU$ ***** 68.5 0.3 DBXT FTVietnam 10US$ 2648 33.8 1.0 OCBC Bk 5.1%NCPS 100 ***** 30.0 0.3 IS MS India 100US$ 600 18.8 2.6 DBXT
      127 words
    • 123 12 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5793 -93.8 -1.3 DBXT DBCBDJUBS 10US$ 3252 -90.1 -2.2 DBXT MSTaiwan 10US$ 1739 -65.0 -2.9 Lyxor LatinAmerica 1 778 -61.3 -5.9 JMH 5151 -42.5 -0.7 DBXT MSTHAI 10US$ 1805 -35.0 -1.5 Lyxor EasternEurope1 424 -31.3 -5.6 UOB.ES.1204 1823 -26.0 -1.4 DBXT MSBrazil
      123 words
    • 5 12 DAILY
      5 words
    • 345 12  -  By LEE U-WEN JUST like its first offering of perpetual securities last month, Genting Singapore’s second tranche this time targeting retail investors also ended up being oversubscribed. The integrated resort operator announced that the week-long public offer, which closed yesterday at noon,
      345 words
    • 265 12  -  Q1 profits up 3.5% to 14.4m; group to stay focused on data centres, logistics By LYNN LYNN KAN KEPPEL Telecommunications and Transportation (Keppel T&T) reported first quarter profit attributable to shareholders of $14.4 million, an improvement of 3.5 per cent from $13.9 million in the comparable
      265 words
    • 431 12 Bloomberg [SINGAPORE] Dymon Asia Capital (Singapore) Pte, the best-performing large hedge fund in Asia last year, hired Jay Luo, former head of SAC Capital Advisors LP’s Asia-Pacific operations, allowing Dymon’s founder to focus on investing. Mr Luo, 44, who headed the
      Bloomberg  -  431 words
    • COMPANY BRIEFS
      • 102 12 FOOD Junction Holdings’ wholly-owned subsidiary has entered into an agreement to pre-terminate the leasing of premises in Seasons Place, Beijing, China, as the food court operation in the development had performed below expectations. Last year, the group made provision for impairment on the
        102 words
      • 63 12 CHINA Gaoxian Fibre Fabric Holdings has gotten more time from the Singapore Exchange to finalise and submit its draft resumption of trading proposal. The new deadline is July 25, 2012. China Gaoxian Fibre Fabric Holdings is still under a special audit and is in
        63 words
      • 23 12 AIMS AMP Capital Industrial Reit has received an investment grade credit rating of BBBfrom Standard Poor’s.
        23 words
      • 80 12 Reuters CHINA Aviation Oil (Singapore) is seeking an additional jet fuel cargo for delivery into South China as demand is set to increase in April and May on refinery maintenance and ahead of a trade show, traders said yesterday. China Aviation Oil is
        Reuters  -  80 words
  • Page 6 Advertisements
    • 116 6 STANFORD-NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 25 AUG 08 SEPT 2012 Real-World Strategies For Global Business. Immerse in the vibrant cultures of two of the world’s most respected academic institutions. The Stanford-NUS Executive Program, held in Singapore since 1982, has been for many, a foundation for assuming greater leadership roles.
      116 words

  • Page 7 Advertisements
    • 179 7 WARRIOR OR ■a < V a ■s 2 ss p > n r R towgS:. THE CX-5 SETS THE HEW BENCHMARK EOR MBZDB AND THE EUTURE OR EARS. E/RST TO BE /MBUED W/TH SKYAET/V TECHNOLOGY AND KODO SOUL OE MOT/ON DES/GN, THE EX-5 BR/NGS THR/LLS, EUEL-EEE/E/ENEY AND DES/GN TOGETHER /N
      179 words

  • Page 8 Advertisements
    • 450 8 mi JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy. Sell, or Rent Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE
      450 words
    • 210 8 Asias Zsitet/TOitiona/ v_/ food VjoSf H-ade 6/eslt APRIL 2012 SUN N\° M vn/ed THU Ffl' SAT 12 i6 19 18 2A 25 26 22 30 A A 1 9 fJote-S’-c -*r f t r^X^^ s oth£r id;** pt*r>rq, 3 Log on to our official website for more information! www.foodnhotelasia.com www.winespiritsasia.com
      210 words

  • Page 9 Advertisements
    • 59 9 vi. 1 4 emiratcs.com/sg orrow rewards curious people indulge their curiosities Ely Emirates to 6 continents. n f msm f Wz V *1 ‘lie I ■m n I r. ft u t*\» G C! I .1 r 4 SIf .-ifk Z'0£j ty/fm-M *ki'. •y-u t" N U J Hm rr
      59 words

  • SINGAPORE MARKETS
    • 560 10  -  Signs of a positive kick-off in Europe and a 50-point climb in Dow Jones futures help soothe nerves STOCKS VEN SREENIVASAN Senior Correspondent AFTER starting out on a nervous note, Asian markets recovered by late afternoon, in tandem with a spike-up of Wall Street
      Source: Bloomberg  -  560 words
    • 4 10 DAILY
      4 words
    • 65 10 Apr 17 VALUE CLOSE BT OB/OS -375.00-214.00 BT CADI -*****.00 -99.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 685.64 -2.61 FTSE ST Small Cap 463.87 -1.79 FTSE ST All Share 722.25 -1.64 FTSE ST China Top 220.88 -2.94 FTSE ST China 254.25 -1.51 FTSE ST
      65 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 2 0 0 0 4 10 2 Manufacturing 38 65 44 5 11 6 43 76 50 Commerce 13 25 23 1 3 5 14 28 28 Tpt/Stor/Comms 7 17 17
      186 words
    • 119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,048 14,048 76,021 76,021 Manufacturing 438,259 133,932 572,191 224,121 4,413 228,534 Commerce 292,714 15,052 307,766 134,671 755 135,426 Tpt/Stor/Comms 113,930 15,699 129,629 170,622 4,625 175,247 Finance 12,800 12,800 95,449 95,449 Construction 174,581 24,590 199,171 12,730
      119 words
    • 111 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.560 -0.005 CapitaLand 2.910 -0.040 CapitaMall 1.835 +0.010 CityDev 10.500 -0.160 ComfortDelGro 1.510 -0.015 DBS Grp 13.530 +0.040 F&N 6.780 +0.030 GLP 2.110 -0.040 Genting SP 1.695 -0.005 Golden Agri 0.750 +0.005 HK Land 6.300 JMH 51.510
      111 words
    • 481 10 Wilmar International (S$4.83) In bear trend Languishing in a bearish trend, the stock appears poised for more downside. Share price has fallen below the 200-day EMA after the negative gap down in February. DMI is negatively placed with ADX reading at 27. With no
      481 words
    • 55 10 VOLUME MDR 153,708,000 Memstar 144,397,000 SingXpress 95,677,000 MDR W*****5 83,924,000 HLH Grp 82,965,000 Golden Agri 74,780,000 JEL Corp 67,682,000 Digiland 64,118,000 Magnus 57,441,000 Noble Grp 56,659,000 VALUE($) Noble Grp 72,272,350 Golden Agri 55,599,070 SingTel 53,384,690 Keppel Corp 49,566,310 CapitaLand 47,422,194 NOL 42,985,805 Biosensors 40,688,835 UOB 39,379,018 SembMar
      55 words
  • Page 10 Advertisements
    • 263 10 Trade on the move Stand to win the latest iPad. (^Maybank Kim Eng 9 n CT QIO Genting SP CoscoCorp 52,803,000 BroadWay *****,000 mi i mv«r 1 HPH Trust US$ TIME SALES TRADE SUMMARY investment J Trends Sept 2011 Singapore Broking Report Access timely Singapore and regional* research reports, charts
      263 words

  • Page 11 Advertisements
    • 175 11 mi, Yangzijiang Shipbuilding (Holdings) Ltd. LuJl I < is j c LISTING ANNIVERSARY ON SGX-MAINBOARD Owns 4 shipbuilding yards in Jiangsu province, China with total potential capacity of 7.29 million DWT Launched new energy efficient and environmental friendly vessel types with higher loading capacity Scaled up value chain through constructing
      175 words

  • Page 12 Advertisements
    • 190 12 There Are Some Things In Life For Which You'll Never Compromise Your health is clearly one of them, and we understand. That's why Paragon Medical is home to a total of over 60 specialists, ensuring you get the best of care to stay in perfect health*MEDICAL SERVICES: Aesthetics/Cosmetic Surgery Anti-ageing
      190 words

  • Page 13 Advertisements
    • 149 13 The power of vision. Set the pace. The new Audi A4. Power is the ability to see beyond. The new Audi A4’s stunning LED daytime running lights will Let you see further than the rest, and ensure others see you. Progressive design 4 times more efficient See everything in daylight
      149 words

  • SINGAPORE NEWS
    • 419 14  -  Geographical location makes the city-state even more appealing By AMANDA EBER SINGAPORE has once again been crowned the most liveable city in the world for Asian expatriates, according to the latest location ratings released by ECA International, retaining its top spot out
      419 words
    • 468 14  -  36-storey freehold tower will have 35 spacious apartments By MICHELLE TAN SC GLOBAL Developments has unveiled its plans to develop its latest luxury project, the Sculptura Ardmore, on the highest point of the exclusive Ardmore Park neighbourhood. The 36-storey freehold tower located
      468 words
    • 276 14  -  By JOSHUA TAN RESTAURANTS in Singapore can look forward to better procurement procedures, with a new e-pro-curement portal set to launch later this year. This was announced by Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry
      276 words
    • 363 14  -  By MINDY TAN FREEHOLD residential development, Harbour View Gardens, is being put up for collective sale, with an indicative price of between $36 million and $38 million. This translates to between $836 and $883 per square foot per plot ratio, based on the site
      363 words
    • 278 14 Pictet-Absl Rtn Glo Cons-P EUR 13.04.2012 EUR 103,39 Pictet-Absl Rtn Glo Div-P EUR 13.04.2012 EUR 116,65 Pictet-Asian Equities Ex Japan-P USD 13.04.2012 USD 170,90 Pictet-Asian Local Currency Debt-P USD 13.04.2012 USD 147,62 Pictet-Biotech-P USD 13.04.2012 USD 312,75 Pictet-Clean Energy-P USD 13.04.2012 USD 65,23 Pictet-Digital Communication-P USD 13.04.2012 USD 144,83
      278 words
    • 437 14  -  Market watchdog finds no manipulation of wholesale electricity prices last year By RONNIE LIM THERE was neither manipulation nor abuse of market power here last year, with Singapore’s electricity market watchdog saying 2011’s 25.4 per cent jump in wholesale electricity prices “was
      437 words
    • SINGAPORE ROUNDUP
      • 73 14 JTC Corp has awarded the tender for construction of the Surface Finishing Complex to Sanchoon Builders Pte Ltd. Located on a 1.88 ha site at Tanjong Kling, the Surface Finishing Complex brings together companies across the entire spectrum of the surface finishing industry, like electroplating,
        73 words
      • 113 14 THE CPF Board has recovered a total of $9.5 million of CPF arrears for about 10,000 staff employed by some 3,700 companies last year. About 70 per cent of these companies were found to have underpaid CPF contributions for their local employees, while the rest
        113 words
      • 92 14 THE Ministry of Foreign Affairs (MFA) yesterday announced the appointment of Ong Eng Chuan as Singapore’s next ambassador to Belgium, with concurrent accreditation to the European Union and the Netherlands. He will assume the post in Brussels on April 30. Mr Ong joined the MFA in
        92 words

  • ECONOMY WATCH
    • 911 15 Some say cuts will only aggravate crisis while others say that is the only way to restore credibility ANALYSIS Reuters [PARIS] Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent’s sovereign
      Reuters  -  911 words
    • 387 15 Reuters [SYDNEY] Australia’s central bank will consider cutting interest rates in May if data due next week confirms a benign inflation outlook, minutes of its April 3 policy meeting revealed yesterday. The Reserve Bank of Australia (RBA) minutes further support expectations
      Reuters  -  387 words
    • 281 15 AP [WASHINGTON] Foreign demand for US Treasury debt rose to a record high in February. China, the largest buyer of Treasury debt, increased its holdings for the second straight month. Total foreign holdings rose 0.8 per cent to a US$5.1 trillion, marking the seventh
      AP  -  281 words
  • Page 15 Advertisements
    • 203 15 reinventing Business Strategies You (B FIND US ON m* (rJS I invites 1 ()1 i co«e«^ otli^ «k'N m tV^A/T‘■ffa Fancy being a VIP at a blockbuster attraction before everyone else? Getting invited to an A-list artist showcase? Cooking with Michelin-star chefs? r: it U All Attractions Dine Shop Stay
      203 words

  • MALAYSIA/INDONESIA
    • 423 16 Cluster of at least 11 leisure attractions complements S’pore, says M’sian agency [JOHOR] Johor is transforming into the biggest theme and amusement park destination in Malaysia and possibly in the Asean region, with a cluster of at least 11 leisure attractions to be
      423 words
    • 205 16 AFP [KUALA LUMPUR] Former Malaysian prime minister Mahathir Mohamad underwent “minor surgery” in hospital yesterday, his aide said. The 86-year-old long-time leader was admitted to a hospital in Kuala Lumpur early yesterday for the hour-long surgery to remove nasal polyps, his aide Sufi Yusoff said in a
      AFP  -  205 words
    • 559 16  -  Settle the scandalridden port project’s legal disputes first By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian transport minister Ong Tee Keat said yesterday that the government has paid slightly over RM3 billion (S$1.2 billion) to bondholders holding paper issued by the law-suit-plagued developer of
      FILE PHOTO  -  559 words
    • 315 16 Reuters [WELLINGTON] New Zeal a n d s F on t erra t h e world’s largest dairy exporter, yesterday said it would invest around NZ$20 million (S$20.5 million) in a new plant in Indonesia to keep up with growing demand for milk
      Reuters  -  315 words
  • Page 16 Advertisements
    • 277 16 Celebrating All Administrative Professionals 23 to 27 April 2012 Cafe Mosaic honours all administrative professionals with a gastronomic spread at our International Lunl to a sumptuous variety of appetisers and seafood on ice, roasted specialties, a mouth-watering array of All administrative professionals who dine with us will also stand a
      277 words

  • GREATER CHINA/INDIA
    • 593 17 Reserve Bank of India’s policy repo rate cut of 50 basis points exceeds forecast Reuters [MUMBAI] India’s central bank cut interest rates yesterday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to
      Reuters  -  593 words
    • 309 17 Reuters [HONG KONG] Two Hong Kong tycoons have been named in a Macau corruption trial involving a jailed former government official, dealing a further blow to the region’s reputation after a series of scandals that have rocked the financial centre of Hong
      Reuters  -  309 words
    • 631 17 But flows compared with year earlier fall for 5 straight mths Reuters [BEIJING] China bagged foreign direct investment at a record-setting pace in the first three months of 2012, but an easing in its monthly momentum and a difficult
      Reuters; AFP  -  631 words
    • 300 17 Reuters [LONDON] Vodafone has served a notice of dispute against the Indian government and is considering arbitration proceedings over new retrospective tax proposals that could reverse a key US$2.2 billion legal victory it won in January. Vodafone, the largest overseas corporate investor
      Reuters  -  300 words
  • Page 17 Advertisements
    • 135 17 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bankthat
      135 words

  • WORLD
    • 801 18 Calling it a gimmick, they seek tax cuts for businesses that will create jobs NYT [WASHINGTON] Senate Republicans on Monday blocked a move to open debate on the so-called Buffett Rule, ensuring that a measure pressed for months by President Barack Obama and Senate
      NYT  -  801 words
    • 345 18 AFP [SEOUL] The chairman of South Korean giant Samsung Electronics yesterday vowed to go “all the way to the end” in lawsuits with his two siblings over vast family fortune, accusing them of being greedy. Lee Kun-Hee, 70, was in
      AFP  -  345 words
    • 965 18 Emerging-market drift from global lender will test Kim Bloomberg [WASHINGTON] As Jim Yong Kim takes over as president of the World Bank, he will find himself at the helm of a poverty-fight-ing organisation where large, emerging-market members no longer need it to finance
      Bloomberg; REUTERS FILE PHOTO  -  965 words
    • 470 18 Last month’s surprisingly weak jobs report is main reason for their caution Reuters [NEW YORK] Two top Federal Reserve officials pointed on Monday to last month’s surprisingly weak jobs report as all the more reason to take a wait-and-see approach to a US economy that,
      Reuters  -  470 words
    • 561 18 It claims software infringes on Java patents, copyrights AP [SAN FRANCISCO] Oracle began trying to convince a jury on Monday that Google’s top executives have long known that they stole a key piece of technology to build the Android software that
      AP  -  561 words
    • 567 19 Takeover by state alarms some foreign govts and investors Reu ters [MADRID] An incensed Spain threatened swift economic retaliation against Argentina yesterday after it seized control of YPF, the South American nation’s biggest oil company, in a move which pushed down shares in
      Reuters  -  567 words
    • 436 19 Takeover could raise GDF profit by 9% to 4.2b euros Reuters [PARIS] French utility GDF Suez took full control of Britain’s International Power on Monday through a sweetened offer of £6.4 billion (S$12.7 billion), leaving the world’s biggest independent power producer
      Reuters  -  436 words
    • 586 19 Alliance will secure vital know-how and upstream access to North America Reuters [NOVO-OGARYOVO, Russia] Rosneft and Exxon Mobil Corp wrapped up a landmark alliance on Monday that will secure vital know-how and upstream access to North America for the Russian state oil firm and
      Reuters; AP  -  586 words
    • 563 20 Figures cast shadow over economic outlook; building permits rise 4.5% LATEST US DATA Reuters [WASHINGTON] American manufacturing output slipped in March and groundbreaking on homes fell, casting a shadow over the economic outlook. The US Federal Reserve said yesterday factory production slipped 0.2
      Reuters; REUTERS  -  563 words
    • 476 20 Country faces big test at tomorrow’s bond auction Reuters MAD R ID S p a i n s short-term borrowing costs jumped at a sale of more than three billion euros (S$4.9 billion) of short-term government debt, reflecting fears about the
      Reuters  -  476 words
    • 800 20  -  By ANTHONY ROWLEY in Tokyo JAPAN said yesterday that it will contribute an additional US$60 billion of resources to the International Monetary Fund (IMF) to help prevent the eurozone sovereign debt crisis from spilling over and slowing world economic growth. China and other
      800 words
    • 357 20 Tendency to massage data or interfere politically deplored by Commission Reuters [BRUSSELS] The European Union is seeking the power to punish governments that massage their economic statistics, aiming to stamp out political meddling that allowed Greece to lie about its borrowings and trigger a
      Reuters  -  357 words

  • Page 19 Advertisements
    • 2338 19 a* WATS NOTICES i Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. GPPV GLOBAL PTE LTD Reg No. *****0277Z 2. GPPV SOLAR PTE LTD Reg No. *****5861H (Both In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At the
      2,338 words
    • 0 19
      0 words


  • TransportHUB
    • 658 21 Asian oil importers yet to find ways to replace EU insurers Reuters [HONG KONG] Marine insurance, or lack of it, may yet turn out to be the most effective sanction used by Western nations in 17 years of tightening the screws on
      Reuters; REUTERS  -  658 words
    • 255 21 SGX '000 Apr 17 S$ +/-Vol CH Offshore 0.39 unch 219 Chuan Hup Hldg 0.22 -0.01 67 Cosco Corp 1.09 -0.02 9904 s$ Ezra Hldgs 1.12 -0.01 5474 First Ship Lea 0.22 unch 138 Freight Links 0.06 unch 1491 Grand Banks 0.20 unch 35 Jaya Hold Ltd 0.55
      255 words
    • 777 21  -  There will also be programmes with emphasis on youth and promoting careers in the sector STRAIT TALK By DAVID HUGHES OVER the next week, Singapore celebrates all things maritime and acts as host to a substantial section of the international shipping community. Singapore
      777 words
    • TRANSPORT HUB: AVIATION
      • 1146 22 He is unlikely to flinch if he has to cut jobs to save bankrupt carrier Reuters [CHICAGO] AMR Corp chief executive Tom Horton may have a soft-spoken demeanour, but people who know him say he has a backbone of steel and will
        Reuters; AP  -  1,146 words
      • 806 22 Its technology for no-nude standards not approved yet Bloomberg [WASHINGTON] Rapiscan’s airport body scanners are so well-known that “there is not a dance anywhere in the world that we will not be invited to”, Deepak Chopra, chief executive officer of Rapiscan parent
        Bloomberg; AFP  -  806 words
      • 656 22  -  By JOE SHARKEY NYT [NEW YORK] In the past, when domestic airlines talked about providing more comfortable service for passengers in coach, the conventional wisdom always cleared its throat and pointed out that this had not worked. No, the conventional wisdom insisted, passengers
        NYT  -  656 words
    • TRANSPORT HUB: LAND
      • 680 23  -  Mercedes-Benz races to top spot in Q1, grabbing 18.4% market share By SAMUEL EE [SINGAPORE] Mer-cedes-Benz is Singapore’s top brand as the new car market posted an uncharacteristic 8.9 per cent increase to 7,510 units in the first three months of 2012 compared with
        REUTERS  -  680 words
      • 649 23  -  Distributor will also launch new Impreza this month By SAMUEL EE [SINGAPORE] Subaru distributor Motor Image will use its new BRZ sports car as a halo model to attract buyers back to the brand, which has experienced a sharp dip in sales recently. “We
        ARTHUR LEE  -  649 words
  • Page 21 Advertisements
    • 84 21 0HNff<y [1 rr S SEN >' HEMPASIL X3 Multiple awardwinning fuel-saving technology Guaranteed to save ship-owners money on fuel, HEMPASIL X3 is the world's most advanced fouling release system. It uses HEMPEL's unique hydrogel technology for unparalleled antifouling capability. Recognised as a major fuel-saving breakthrough for the maritime industry, HEMPASIL
      84 words
    • 4 21 THE MARSHALL ISLANDS REGISTRY
      4 words

  • Page 22 Miscellaneous
    • 337 22 CRYPTIC CROSSWORD Across 1 Mystic charm deployed in right-wing movement (11) 10 Inspiring wonder in a fan (5) 11 Something that exposes the pupil to an enlightening experience? (3-6) 12 Happy to be going round islands at end of June frozen! (9) 13 Love having look at nymph (5) 14
      337 words

  • Page 23 Advertisements
    • 91 23 let money work for you Always wanted to make your money work harder but not sure where to start? With www.btinvest.com.sg, you can now learn how to grow your wealth through stocks, bonds and property investments. Brought to you by The Business Times, this one-stop portal also gives advice on
      91 words

  • EDITORIAL & OPINION
    • 480 24 EDITORIAL REPRESENTATIVES of the US, China, Russia, Britain, France and Germany (aka the “P5+1”) and Iran, after 10 hours of talks in Istanbul on April 14 agreed to reconvene in Baghdad on May 23 aimed at reaching a peaceful settlement on
      480 words
    • 791 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHAT is going on in China? From the outside, it seems as though the leadership is facing its biggest crisis in a
      791 words
    • 922 24  -  After two generations of the fastest growth the world has seen, the lights have gone out J. BRADFORD DELONG The writer is professor of economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research Project
      Project Syndicate; AFP  -  922 words
    • 1527 25  -  This may prove to be difficult because individuals are in general risk-averse, loss-averse, and aren’t ‘over-confident’ By G SIVAUNGAM The writer is Visiting Senior Research Fellow, Institute of Southeast Asian Studies, Singapore SHARES on Bursa Malaysia have been close to their all-time high in recent
      BLOOMBERG FILE PHOTO  -  1,527 words
    • LETTERS TO THE EDITOR
      • 531 25  -  Ho Swee Huat PROFESSOR Lim Chong Yah’s proposal to restructure wages in Singapore (“Lim Chong Yah suggests second wage revolution”, BT, April 10) has drawn predictable reactions from ministers like Lim Swee Say and Lui Teck Yew as well as the Singapore
        531 words
      • 188 25  -  Leong Onn Kwong IT is alarming to note that some listed companies in the Singapore Exchange (SGX) are frequently calling for rights issues. One recent case in point is China Paper Holdings Ltd which is proposing a one-for-one rights issue at 3.6
        188 words
    • 756 25  - Water as the flash point between India Pakistan By JOHN C K DALY John C K Daly writes for Oilprice.com where this column first appeared A PEACEFUL and stable Pakistan is integral to western efforts to pacify Afghanistan, but Islamabad’s obsessions with its giant eastern neighbour may render such issues
      756 words


  • SINGAPORE STOCKS
    • 2755 26 Transaction date: Apr 17 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 Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 117 -1 610 119 115 116.5 117 1.7 11.8
      2,755 words
    • 233 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 Last Vol 9 3 t Advanced System 8.1cri +0.2 1228 8.5 7.9 8.1 8.2 8.9 Last Quote Div Gr Yld Net M Cap High
      233 words
    • 7667 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond ....0.9915/ EM Local Ccy
      7,667 words
    • 202 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 $mil 51 32 AVJennings A33 +0.5 7 33 33 33 35.5 3.6 10.6 2.6 85.9 46 25.5 Genting HK US$ US38 -1 4760 39 38 38 38.5 2502.1
      202 words
    • 928 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 $mil 130 110 ABF SG Bond ETF 118 -2 20 118.5 118 118 118.5 538.6 103 100 CIMB APAC Div 100US$ US101 100.4 101.4 10.6 1261 856
      928 words


  • FINANCE & COMMODITIES
    • 589 28 Apr 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9476.15 9519.80 9455.32 Jun12 9455.00 9545.00 9440.00 9450.00 *****3 *****6 Sep12 9480.00 9480.00 9480.00 9445.00 103 7711 MSCI TAIWAN INDEX FUTURES SPOT 277.36 277.96 271.83 Apr12 276.00 277.90 271.50 272.00 ***** *****2 May12 276.10 276.50
      589 words
    • 137 28 As on 16 April 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1658.30 1643.10 1649.80 184 CURRENCY AUD-USD FUT JUN2012 1.0306 1.0256 1.0292 1894 EUR-USD FUT JUN2012 1.3120 1.3001 1.3141 3028 BASE METAL COPPER FUT MAY2012 7989 7875 7987 2710
      137 words
    • 107 28 Apr 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1420.00 1436.75 1435.75 1415.50 Jul 12 1424.25 1440.75 1439.75 1419.50 Aug 12 1411.75 1424.75 1421.75 1407.75 Sep 12 1378.50 1391.75 1390.25 1374.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.66
      107 words
    • 76 28 CRUDE OIL PRODUCTS Apr 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.74 -2.39 WTI (Near Mth) 103.04 0.11 Dubai (1-Mth F) 116.26 -1.54 Tapis blend 126.38 -1.43 Minas 126.38 -1.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.22 -1.28 Jet Kerosene 132.68 -0.67 US$/barrel OpecOil Basket
      76 words
    • 24 28 Apr 17 Apr 17 s$ Bid Offer 1-month 1.2507 1.2517 2-months 1.2506 1.2517 3-months 1.2504 1.2514 6-months 1.2492 1.2503 Source: OCBC
      24 words
    • 65 28 Apr 16 Apr Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2025.00 2030.50 3 months 2065.00 2070.00 Copper, Grade A(US$/tonne) Cash 8049.50 8045.00 3 months 7984.00 7990.00 Lead(US$/tonne) Cash 2067.00 2059.25 3 months 2078.00 2065.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Apr 16 Index Change Change Change Change Change Change World Preliminary 887.3 -0.2 6.9 0.0 3.2 -0.2 7.1 EAFE Preliminary 717.0 -0.1 5.1 0.1 1.4 -0.1 5.2 Europe Preliminary 1055.2 0.4 2.8
      373 words
    • 80 28 Apr 16 COCOA (£/tonne) Close Prev High/Low May 12 1464 1452 1470/1431 Jul 12 1468 1458 1475/1436 Sep 12 1476 1466 1482/1444 Dec 12 1484 1475 1489/1453 COFFEE(US$/tonne) Close Prev High/Low May 12 1992 1998 2000/1973 Jul 12 2003 2012 2010/1981 Sep 12 2011 2020 2019/1993 Nov 12 2003
      80 words
    • 1237 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 halt 1 150 280 20.00 25 Baker Technology Ltd W*****6 1.8 1 32 9 17.22 7 Best World Intl Ltd W*****5 0.6 1 30 70 30.00 15
      1,237 words
    • 471 28 Apr 17 Apr A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.510 0.787 8.023 53.292 94.894 0.833 11.763 3.170 1.264 93.767 44.118 1.293 8.194 0.946 30.512 31.859 0.649 1.034 Canada 0.969
      471 words
    • 57 28 Apr 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
      57 words
    • 139 28 Apr 17 GOLD(US$/oz) Apr 16 Apr 17 Hong Kong 1655.20 1660.40 Apr 17 Apr 13 Apr 16 London 1668.50 1651.50 1669.35 1652.25 Source: Thomson Reuters Source: Thomson Reuters GOLD BULLION COINS (S$) Selling Buying 1 oz 2309 2088 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $812.00 665
      139 words
    • 91 28 Apr 17 Apr TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 19-Jul-12 0.29 0.19 0.19 1-Year BY*****W 01-Nov-12 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.21 5-Year N*****0Z 2.375 01-Apr-17 108.99 109.16
      91 words
    • 57 28 Apr 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3504.0 3498.0 3520.0 3490.0 1090 8881 Jun 12 3489.0 3490.0 3509.0 3480.0 8332 ***** Jul 12 3479.0 3487.0 3500.0 3468.0 ***** ***** Aug 12 3474.0 3462.0
      57 words
    • 156 28 Apr 17 Apr 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2926 1.2941 1.0335 1.0339 Canadian dollar 1.2525 1.2540 1.0014 1.0018 Euro 1.6428 1.6442 1.3135 1.3136 NZ dollar 1.0221 1.0241 0.8172 0.8182 Sterling pound 1.9911 1.9930
      156 words
    • 154 28 Apr 17 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      154 words
    • 121 28 As at 9am Apr 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.324 1.261 Can dollar 1.278 1.218 Euro 1.678 1.599 Sterling pound 2.024 1.947 NZ dollar 1.052 1.002 US dollar 1.268 1.22 Local dollars to 100 units of foreign
      121 words

  • Page 29 Advertisements
    • 1199 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO TBN
      1,199 words
    • 504 29 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN ANIARA FF216 06/04 11/04 14/04 16/04 21/04 29/04 TIRRANNA FF217 13/04 17/04 20/04 22/04 28/04 04/05 TALISMAN FF218 20/04 24/04 27/04 02/05
      504 words

  • Page 30 Advertisements
    • 822 30 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SERVICE Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN PKG JEA BND BIK SECOND OCEAN~ HDM0118S~ 20 Apr 21 Apr~
      822 words
    • 698 30 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ SIN~ PKL~ KUC~ KK~ JKT~ SUR YUSHO CHERRY 35 60 20/04 22/04 24/04 KING FISHER 28 60 24/04 25/04 MALAYSIA STAR 12 50 26/04 29/04 01/05 EL MAR VICTORIA 31 60 28/04 30/04 SHENG SHI 37
      698 words
    • 442 30 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 05/12 20/04 22/04 BELITUNG/PKL BALAM VICTORY 6 07/12 20/04 22/04 JAMBI/PEKAN BARU SUN FLORA 09/12 19/04 21/04 PALEMBANG/PANJANG FAJARMAS 03/12 IN PORT 19/04 BENGKULU/PADANG SIANIRI 04/12 23/04 25/04 BELAWAN/LHOKSEUMAWE SINOPA 07/12 24/04 26/04 SABANG/MALAHAYATI INDONESIA
      442 words

  • executive Money
    • 1442 31  -  Major Wall Street firms are divided over equities as Treasury yields sink to record lows, reports INYOUNG HWANG Bloomberg [NEW YORK] TREASURY yields below zero on an infla-tion-adjusted basis for only the second time since Dwight D Eisenhower’s presidency have split Wall Street’s
      Bloomberg  -  1,442 words
    • 1152 32  -  Slowest Chinese growth in almost 3 years may curb gains in demand for everything from copper to cotton. By JOE RICHTER By JOE RICHTER Bloomberg [NEW YORK] Speculators cut bullish wagers on commodities by the most in 2012 on mounting concern that the slowest Chinese growth
      Bloomberg; REUTERS  -  1,152 words
    • 1157 34  -  Slick operators abound, building trust with their smooth ways. An Indonesian businessman tells TEH HOOI LING how he and his son were taken for a ride here TEH HOOI LINGhow HE IS an Indonesian businessman who started in the timber business before eventually venturing
      1,157 words
  • Page 31 Advertisements
    • 208 31 Until coach Wu Bin helped Jet Li become a martial arts icon, he would not rest. (Beijing, 1982.) -s J j'--r ft XI L A IT- VS What can your client advisor learn about motivation from the man who trained Jet Li? Before the adoring fans and critical acclaim. Before
      208 words

  • Page 32 Advertisements
    • 540 32 Earn potentially higher returns through short-term dual currency investments N r -:-v. I am seeking higher returns on my money We are offering you an opportunity with dual currency investments If you are seeking opportunities in currency markets, consider Currency Linked Investments (CLI). These are dual currency investments that involve
      540 words

  • Page 33 Advertisements
    • 612 33 -ir' f* f r' r < .V v V M :ZA 1 s ■alafc "a*----; U v:_, v v* J > -1- j r V 1 j > M t f 1 <' 'r r jw 1 v c- vvr v w« V- V >• 1 Cl r 1 r
      612 words

  • Page 34 Advertisements
    • 110 34 EHMn LOUIS VUITTON Mf j w K X o r^c o cr o' 0 r 0\svu/rr o a o 06[ >v 00c3OO 60 o V "V o 1 250 osz 80 m X X 60^' OOf. *oo 30 \\S n3 is 30 '9 0 .tf>° LO y <?0 nO^ 0
      110 words