The Business Times, 23 May 2012
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2012-05-23
1
42
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section25 2012-05-23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, May 23, 201225 words
-
952 2012-05-23 1 ANTHONY ROWLEY - OECD also points to bounceback in IT-related activity but adds that Europe could hold the key By ANTHONY ROWLEY in Tokyo WORLD trade could recover and there are signs of a possible upturn in IT-relat-ed activity. These are two areas of hope for economies952 words
-
MARKETS DIGEST
-
Article110 2012-05-23 1 GST INDEX 2,823.75 (+33.59) GST INDEX FUTURES 2,824 (+34) GSIMSCI 322.08 (+3.98) GSIMSCI FUTURES 321.10 (+3.20) us$ s$ US$ (S$ per US$) 1.266 (US$/S$ per 1.583 2.004 EURO (US$/S$/E) 1.280 1.620 Foreign currency per US$ S$ YEN 79.60 62.80 RM 3.115 2.460 HK$ 7.765 6.133 BAHT 31.29 24.72 RUPIAH110 words
-
Article17 2012-05-23 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.598 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
-
-
733 2012-05-23 1 EMILYN YAP - There will also be programmes to help them gain global working experience By EMILYN YAP [SINGAPORE] The government is committed to grooming a larger pool of Singaporeans for leadership positions and specialist roles in the banking and finance industry here, in733 words
-
Page 1 Advertisements
-
Advertisement9 2012-05-23 1 EXEC MONEY The euro is already dead PAGE 429 words
-
Advertisement14 2012-05-23 1 TRANSPORT HUB Marina Bay Cruise Centre to create some 3,000jobs PAGE 29 *****1 *****414 words
-
Advertisement243 2012-05-23 1 LAND TRANSPORT Motor premiums fall after 4 years of hikes PAGE 31 EXCESSIVE REGULATION MAY HURT BUSINESS, SAY LOCAL BANK CHIEFS DISTINGUISHED FICP 2012 Champions of learning in finance industry PAGE 15 Investing in growth and training PAGES 16, 20 Regulations and responsibilities PAGE 18 PAGE 4 Grooming wealth management243 words
-
Advertisement10 2012-05-23 1 QANTAS Restructuring and management shuffle; Jetstar CEO resigns page 210 words
-
-
TOP STORIES
-
Article, Illustration544 2012-05-23 2 VEN SREENIVASAN - Restructuring, management shuffle come a day after it unveils 500 job cuts By VEN SREENIVASAN [SINGAPORE] Qantas has announced a major restructuring which effectively splits the company into two and sees major changes in its management ranks. Also, Jetstar CEO Bruce Buchanan, long consideredAFP - 544 words
-
Article360 2012-05-23 2 NISHA RAMCHANDANI - Singapore hopes for mutually acceptable result soon By NISHA RAMCHANDANI [SINGAPORE] While Singapore has yet to sign on the dotted line to extend its Formula One (F1) contract for a further five years, it is hoped that a mutually acceptable outcome can be reached soon.360 words
-
Article454 2012-05-23 2 Deals return to Jan, Feb pace; sign that weak housing market is mending LATEST US DATA AP [WASHINGTON] Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving. The National Association of Realtors said thatAP - 454 words
-
485 2012-05-23 2 EMILYN YAP - By EMILYN YAP [SINGAPORE] Phillip Capital is one of the few local broking houses which remain independent and its executive chairman and founder Lim Hua Min intends to keep things that way. There have been acquisition offers but “we are not for485 words
-
Article435 2012-05-23 2 Trade recovery may lighten S’pore’s gloom WORLD trade could recover and there are signs of a possible upturn in IT-related activity. These are two areas of hope for economies such as Singapore amid gloomy global prospects in the coming months according a report released yesterday by the Organisation435 words
-
604 2012-05-23 4 EMILYN YAP - They want S’pore to strike the right balance between prudence, growth By EMILYN YAP [SINGAPORE] Tighter regulations are affecting the way banks do business and while some changes may be necessary, industry leaders also caution against an overdose of rules. “The604 words
-
Article278 2012-05-23 4 Pictet-Absl Rtn Glo Cons-P EUR 18.05.2012 EUR 102,96 Pictet-Absl Rtn Glo Div-P EUR 18.05.2012 EUR 115,48 Pictet-Asian Equities Ex Japan-P USD 18.05.2012 USD 152,67 Pictet-Asian Local Currency Debt-P USD 18.05.2012 USD 146,22 Pictet-Biotech-P USD 18.05.2012 USD 326,58 Pictet-Clean Energy-P USD 18.05.2012 USD 59,11 Pictet-Digital Communication-P USD 18.05.2012 USD 135,55278 words
-
322 2012-05-23 4 CONRAD TAN - But the volatility could also throw up investment opportunities, says CIO By CONRAD TAN [SINGAPORE] Financial markets are likely to be under stress in the next two years due to the eurozone crisis and a slowdown in China’s economic growth, says Temasek Holdings chief322 words
-
Article, Illustration526 2012-05-23 4 CHUANG PECK MING - WP candidate Png’s statements are contradictory: DPM HOUGANG BY-ELECTION By CHUANG PECK MING [SINGAPORE] While questioning Workers’ Party candidate Png Eng Huat’s contradictory statements over the NCMP issue, Deputy Prime Minister Teo Chee Hean yesterday also drove home the point that theRAJ NADARAJAN/THE STRAITS TIMES - 526 words
-
Article, Illustration710 2012-05-23 4 LEE U-WEN - He says ‘calculated move’ timed for by-election By LEE U-WEN [SINGAPORE] A visiblyirked Low Thia Khiang had some choice words for the anonymous person who leaked the minutes of a confidential Workers’ Party (WP) meeting, describing the act as a “calculated move”CHEW SENG KIM/THE STRAITS TIMES - 710 words
-
329 2012-05-23 5 JOYCE HOOI - It pays $12m for GTW Holdings, to merge review site with its search site By JOYCE HOOI IN a bid to take a bite out of the restaurant search and reservation business, SingTel has paid $12 million for the whole of GTW Holdings, which owns restaurant329 words
-
392 2012-05-23 5 JAMIE LEE - Those holding just one seat can afford to take up another By JAMIE LEE THE Singapore Institute of Directors (SID) sees no acute shortage of independent directors, even as Singapore refines the definition of boardroom independence under the Code of Corporate Governance, said392 words
-
-
Page 2 Advertisements
-
Advertisement96 2012-05-23 2 Featuring insights and analyses by an eminent and diverse collection of more than 50 speakers including Dr. Lee Kai-Fu Chairman and CEO, Innovation Works People’s Republic of China Professor Tommy Koh Ambassador-at-Large, Singapore Oon Jin Teik Group Executive Vice President and CEO, China Hyflux Ltd, Singapore Ambassador Wu Jianmin Executive96 words
-
-
Page 3 Advertisements
-
Advertisement246 2012-05-23 3 v,..r ’t: uhWMzm -•a 5»a* >.; 'W* iN 9 ■r. ii ft A.'*** BT s* ni.>: SR 9 A ne Mi a»5«aa^»B» m I mBmmm k i sw*S.n '&M ss*S Si VH 981 ,A-.e ■h:. I ®Jf/, i > »S HIS «S5 rs« .*-k i S8 *42 S» TT -<V:246 words
-
-
Page 4 Advertisements
-
Advertisement211 2012-05-23 4 ill I ii II JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg MYANMAR 1 THE NEW FRONTIER FOR BUSINESS INVESTMENT 31 May 2012, Marina Mandarin Hotel, Singapore Opportunities, Risks and Challenges of Doing Business in Myanmar Summit Highlights: The Political211 words
-
-
Page 5 Advertisements
-
Advertisement157 2012-05-23 5 Served rp Virtual Offices 5“/ The most professional business image from $140 per month Full business and IT solutions without the physical office space Best address, dedicated receptionist, global network of meeting rooms and value added IT solutions No deposit, no long term commitment required Phone number instantly, sign up157 words
-
-
SINGAPORE MARKETS
-
Article, Illustration577 2012-05-23 6 R SIVANITHY - UOB, OCBC, Wilmar and Keppel lead index’s rise; penny stocks stage modest comeback STOCKS R SIVANITHY Senior Correspondent JUDGING by the 33.59-point or 1.2 per cent bounce in the Straits Times Index yesterday and the 0.6 per cent in the Hang Seng Index, tradersSource: Bloomberg - 577 words
-
Article66 2012-05-23 6 May 22 VALUE CLOSE BT OB/OS -983.00 +191.0 BT CADI -*****.00 +188.0 BT 10-day MA -*****.00 -98.00 FTSE ST Mid Cap 648.49 +6.60 FTSE ST Small Cap 422.40 +5.84 FTSE ST All Share 681.61 +7.98 FTSE ST China Top 194.99 +4.02 FTSE ST China 225.41 +4.60 FTSE66 words
-
Article186 2012-05-23 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 6 0 0 0 8 2 6 Manufacturing 77 24 30 7 3 6 84 27 36 Commerce 29 11 12 5 1 2 34 12 14 Tpt/Stor/Comms 20 12 6186 words
-
Article, Illustration808 2012-05-23 6 JAMIE LEE - Compiled by JAMIE LEE Container Shipping Sector CIMB Research, May 22 IT will be difficult to implement more spot rate increases on the Europe trades and the US peak season may last just a few weeks. Drewry Shipping Consultants think that the industry as a whole would considerSource: Bloomberg - 808 words
-
Article119 2012-05-23 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,131 19,131 89,008 89,008 Manufacturing 328,839 64,074 392,913 188,111 2,787 190,898 Commerce 965,856 31,257 997,113 252,048 5,925 257,973 Tpt/Stor/Comms 92,221 12,591 104,812 151,752 3,529 155,281 Finance 13,239 13,239 122,098 122,098 Construction 130,639 9,926 140,565 6,322119 words
-
Article113 2012-05-23 6 Stock name Close Change CapMallsAsia 1.395 +0.015 CapitaLand 2.510 CapitaMall 1.805 +0.010 CityDev 10.280 +0.390 ComfortDelGro 1.480 +0.005 DBS Grp 13.250 +0.060 F&N 6.560 +0.020 GLP 1.970 -0.020 Genting SP 1.545 +0.005 Golden Agri 0.665 +0.025 HK Land 5.880 +0.080 JMH 50.090 +0.210 JSH 32.080 +0.680113 words
-
Article, Illustration448 2012-05-23 6 CURRENCIES Reuters [NEW YORK] The euro fell against the US dollar yesterday, after two days of gains, as investors pared back expectations that an informal meeting of European leaders would yield much progress in tackling the region’s debt crisis. However, given the market’sReuters; REUTERS - 448 words
-
Article57 2012-05-23 6 VOLUME JEL Corp 719,837,000 Xpress 63,846,000 Golden Agri 60,297,000 TT Intl 59,863,000 Noble Grp 52,705,000 HLH Grp 47,188,000 IPCO Intl 42,412,000 Plastoform 39,139,000 NexGenSCom 38,749,000 Informatics 37,090,000 VALUE($) SingTel 71,029,830 Olam 65,677,990 Keppel Corp 60,773,125 Noble Grp 58,626,975 JEL Corp 53,957,685 DBS Grp 49,635,930 Golden Agri 39,772,93857 words
-
Article110 2012-05-23 6 BY CENTS CLOSE UP IS S&P500 ***** 236.7 1.4 JSH 3208 86.1 2.2 DBXT SPASX200 10US$ 3112 84.8 2.2 Jardine C&C 4471 65.0 1.5 DBS Bk 4.7% NCPS 100 ***** 60.0 0.6 DBXT AUD Bonds 5AU$ ***** 52.8 0.2 DBXT MSINDO 10us$ 1423 43.0 2.4 CityDev 1028 39.0 3.9110 words
-
Article130 2012-05-23 6 BY CENTS CLOSE DOWN DBXT STGLDv100 10US$ 2631 -163.3 -4.7 GLD 10US$ ***** -154.4 -0.8 DBXT S&P Short 10US$ 3906 -55.7 -1.1 Lyxor Nasdaq100 10US 1019 -25.3 -1.9 DBXT MSEmer 10US$ 357 -24.1 -5.1 DBXT MSINDIA 10US$ 716 -24.1 -2.6 DBXT Nifty 10US$ 9053 -21.5 -0.2 DBXT MSTHAI 10US$130 words
-
-
COMPANY NEWS
-
Article, Illustration648 2012-05-23 7 VEN SREENIVASAN - At least four local investment houses have given the airline an upgrade By VEN SREENIVASAN DESPITE massive losses and continuing challenges posed by high fuel prices and capacity overhang, Tiger Airways seems to be finally finding favour with analysts. At least four investment houses allFILE PHOTO - 648 words
-
716 2012-05-23 7 Reuters AFP [HONG KONG] Private equity firm CVC Capital has sold a US$1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing c o m p a n y US$3 billion initial public s p lReuters; AFP - 716 words
-
367 2012-05-23 8 KENNETH LIM - Value of deals so far this year slips 24.2% to US$180.9b By KENNETH LIM ASIA-PACIFIC merger and acquisition activity has slowed down this year to levels not seen since the peak of the global financial crisis, data compiled by Thomson Reuters showed.367 words
-
351 2012-05-23 8 CARINE LEE - By CARINE LEE ELITE KSB Holdings is divesting its meat-processing business, announcing yesterday the sale of four wholly owned subsidiaries to Kendo Trading Pte Ltd for $62 million. The subsidiaries KSB Distribution Pte Ltd, Jordon International Food Processing Pte Ltd, Soonly Food Processing Industries Pte351 words
-
COMPANY BRIEFS
-
Article52 2012-05-23 8 CHINA Animal Healthcare said that it is in “advanced stages of considering a possible delisting” from the Singapore Exchange mainboard. It intends to maintain the primary listing of its shares in Hong Kong. “Shareholders should therefore note that the possible delisting is not a52 words
-
57 2012-05-23 8 CIVIL engineering contractor Swee Hong’s initial public offering was about 1.5 times subscribed. This is based on the total invitation of 97.8 million shares priced at $0.225 apiece, and total valid applications amounting to 145.6 million shares (comprising valid applications received for 50.8 million57 words
-
61 2012-05-23 8 HOTEL Properties Limited’s 50 per cent-owned associated company, Leisure Ventures Pte Ltd, is acquiring Promus Private Limited for US$27.41 million, and the assumption of the existing bank loan of US$10.09 million. Promus, jointly owned by Hibernia Worldwide Finance BV and Ramon Investments Limited, is a61 words
-
49 2012-05-23 8 NORDIC Group has announced that Chang Yeh Hong will relinquish his duties as group chief executive officer. Mr Chang will retain his responsibilities as executive chairman. “The realignment is to promote high standard of corporate governance and transparency within the group,” said Nordic.49 words
-
48 2012-05-23 8 SINGAPORE Exchange’s MSCI Indonesia Index Futures will begin trading from June 11, the bourse said. The world's first offshore Indonesian equity futures, the new contract is based on the MSCI Indonesia Index which is a widely followed Indonesian benchmark for institutional investors.48 words
-
63 2012-05-23 8 EZION Holdings has issued $100 million, 5.25 per cent notes due 2015, under its $500 million multicurrency debt issuance programme. The notes will mature on May 22, 2015. The net proceeds will be used for general corporate purposes, including the financing of investments in offshore63 words
-
-
Article, Illustration519 2012-05-23 8 KALPANA RASHIWALA - By KALPANA RASHIWALA MAPLETREE Investments Pte Ltd, a 100 per cent privately held property unit of Temasek Holdings, has posted a 6.2 per cent increase in full-year net profit to $793 million. The group’s shareholder’s funds grew 12 per cent to $6.5 billion as519 words
-
Article, Illustration513 2012-05-23 8 LYNETTE KHOO - By LYNETTE KHOO IT’S time to own US companies with quality balance sheets, stable earnings growth over long periods of time, and which are leaders in their sectors. Making this call yesterday was Mark Matthews, head of research for Asia at513 words
-
-
Page 7 Advertisements
-
Advertisement48 2012-05-23 7 BE SURPRISED BY OUR NEW AUTOMATIC SYSTEMS It makes coffee, tea and your other favourite cafe specialties, hot or cold. Preparation is easy, and it lets you adjust the taste of your beverage, just the way you like it. Be surprised at facebook.com/DolceGustoSingapore COFFEE IS NOT JUST BLACK48 words
-
-
Page 8 Advertisements
-
Advertisement303 2012-05-23 8 .Waste METAsia Waste Management Environmental Technology Exhibition and Conference Ili I Asia's Only Business Trading Platform for Solid Waste Management, Recycling Resource Recovery Solutions a 0r*fii0 0 1-4 JULY 2012 SANDS EXPO CONVENTION CENTER MARINA BAY SANDS, SINGAPORE HALL A JOIN USA! Waste MET Asia WasteMET Asia Trade Exhibition DISCOVER303 words
-
Advertisement223 2012-05-23 8 o LU u c 0) E 0) OJO ro c ro QJ cuo T3 _0J 5 o c c 01 E 0) 00 ro c ro c O) co o3 to u o» 31st May 2012 (Thursday) 9.00am-5.00pm $1,288 per pax/clinic NIL) Alumni Club, 11 Slim Barracks Rise (Off North223 words
-
-
FUTURE OF TRADE
-
Article, Illustration1326 2012-05-23 9 reportsCONRAD TAN - R1’s supply chain and distribution network span the globe, putting the rubber trading firm in a strong position for further expansion, reports CONRAD TAN reportsCONRAD reportsCONRAD TAN SANDANA Dass, the chief executive of R1 International, knows better than most just how volatile the trade in physicalARTHUR LEE - 1,326 words
-
599 2012-05-23 9 JOSEPH ARENA - By JOSEPH ARENA The writer is head of global trade and receivables finance, HSBC Singapore OF all the emerging economies, China is arguably the most enigmatic and hardest to come to terms with. However, as it accounts for almost 10 per cent of599 words
-
-
Page 9 Advertisements
-
Advertisement134 2012-05-23 9 In the future, there will be no markets waiting to emerge. By 2050, it is forecast that 19 of the 30 largest economies by GDP will be countries we now call 'emerging'*. But how will this new world order stack up for your business? At HSBC we understand emerging markets134 words
-
-
SINGAPORE NEWS
-
Article, Illustration447 2012-05-23 10 KALPANA RASHIWALA - Seller asking up to $5,240 psf for the 6 adjoining units, subdivided into 33 By KALPANA RASHIWALA SIX adjoining ground-floor strata shop units at People’s Park Complex have been put on the market with an indicative price of $36-38 million or447 words
-
563 2012-05-23 10 RONNIE LIM - By RONNIE LIM US gas exporter Cheniere Energy in which Temasek Holdings and private equity fund RRJ Capital took strategic stakes in recently will have a significant “first-mover” advantage, said oil gas consultant Wood Mackenzie. Cheniere Energy is the only US563 words
-
Article, Illustration418 2012-05-23 10 NISHA RAMCHANDANI - Hay report shows highest-paid CEO received $11.7m By NISHA RAMCHANDANI CHIEF executive officers (CEOs) in Singapore earned an average of about $2.35 million in FY11, comparable to FY10’s $2.36 million, as the average company profit inched up one per cent, according to aSource: Hay Group - 418 words
-
Article, Illustration406 2012-05-23 10 JASMINE NG - Proportion of firms reporting such growth also rises By JASMINE NG A SURVEY of 10,000 companies in Singapore shows that three-quarters of their total revenue comes from overseas endeavours, an increase from 65 per cent in the previous year. The proportion of companies reporting growth406 words
-
369 2012-05-23 10 LIM WEI SHENG - By LIM WEI SHENG NINE minutes and 32 seconds that’s all the time a job hopeful in the finance, accounting or banking industries here has to make an impression, before his CV gets shortlisted for an interview or is unceremoniously dumped into the369 words
-
300 2012-05-23 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI MORE than 100 specialists who have snapped up medical office suites at Parkway Pantai’s $2 billion Mount Elizabeth Novena hospital will be open for business when the complex is launched in early July. The 333-bed facility, which recently300 words
-
Article, Illustration932 2012-05-23 12 reportsAUDREY TAN - Ascenz’s monitoring system tracks fuel consumption and sends an alert if it suddenly spikes, reports AUDREY TAN reportsAUDREY reportsAUDREY TAN SKYROCKETING fuel prices is bad news, and shipowners are wary of shelling out money to pay for oil wastage in unserviced enginesYEN MENG JIIN - 932 words
-
Article, Illustration864 2012-05-23 12 reportsEVE YEO - Sukha House’s success is based on organic food that everyone will like, everyone can afford and is easy to obtain, reports EVE YEO reportsEVE reportsEVE YEO HE laughed at a friend who had brought packets of brown rice back to Singapore after a holiday toYEN MENG JIIN - 864 words
-
-
Page 10 Advertisements
-
Advertisement11 2012-05-23 10 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
-
-
Page 11 Advertisements
-
Advertisement951 2012-05-23 11 ADVERTISING FEATURE Peugeot 508 Top International Design Award Winner reddot design award winner It's accolades galore for Peugeot's 508. An executive sedan designed specifically to give the driver Quality Time on the road with its stability, Luxury, quietness, and all-round excellence, it scooped up a Product Design Award at the951 words
-
-
ACCOUNTANTS FOR BUSINESS
-
Article, Illustration1585 2012-05-23 13 JAMIE LEE - CFOs now have a broader business role and contribute to the wider strategy of the organisation, reports JAMIE LEE reportsJAMIE JAMIE LEE AS economic cycles shorten and with more market volatility expected, chief financial officers (CFOs) now shoulder a heavier burden. This is againstREUTERS; Source: KPMG International 2010 - 1,585 words
-
-
Page 13 Advertisements
-
Advertisement133 2012-05-23 13 Accountants for Business: Creating Sustaining Value in Uncertain Times 2 ACCA Singapore Annual conference 1 June 2012 In light of the uncertain global economy, what lies ahead for Singapore? How will the accounting services sector, in particular, be affected? The conference will discuss developments from around the world and its133 words
-
-
Page 14 Advertisements
-
Advertisement479 2012-05-23 14 When we put our people first, our people put our customers first. When we set out on our journey to put “People First”, we didn’t envision the result. But today, we are the proud recipients of the “People Excellence Award”. The first financial institution to receive it. This award is479 words
-
-
DISTINGUISHED FICP 2012
-
Article, Illustration714 2012-05-23 15 reportsEMILYN YAP - More finance industry professionals are hitting the books again, boosting demand for such training, reportsEMILYN YAP reportsEMILYN reportsEMILYN YAP There is the school of hard knocks and then there is the school of case studies and lectures. More finance industry professionals here are hitting the books againSTOCK.XCHNG - 714 words
-
Article, Illustration682 2012-05-23 16 Institute of Banking and Finance chairman Ravi Menon urges those in the financial sector to embrace lifelong learning ALMOST every financial institution CEO that I talk to tells me that his chief challenge is getting good people. More than any other industry perhaps, the682 words
-
Article, Illustration1076 2012-05-23 16 EMILYN YAP - Maybank Singapore is open to incorporating its consumer banking business here. Its CEO, Pollie Sim, tells EMILYN YAPabout the bank’s plans EMILYN YAP MAYBANK Singapore is planning to invest further here, whether it sets up a local subsidiary for its consumer banking business or not.FILE PHOTO - 1,076 words
-
Article, Illustration1342 2012-05-23 18 EMILYN YAP - Regulations cannot solve everything, says Phillip Capital executive chairman Lim Hua Min. emilyn yap finds out more EMILYN YAP PHILLIP Capital executive chairman Lim Hua Min believes strongly in the no-free-lunch principle. More importantly, he thinks investors should keep that golden rule in mind and1,342 words
-
Article, Illustration781 2012-05-23 18 reportsEMILYN YAP - WMI is reviewing its curriculum and may expand abroad in future, reports emilyn yap reportsEMILYN reportsEMILYN YAP FIRST Singapore, then abroad. Having trained a good number of wealth management professionals in the nine years it has been around, the Wealth Management Institute (WMI) may expand andYEN MENG JIIN - 781 words
-
Article, Illustration1211 2012-05-23 20 FICS steering committee chairman Wee Ee Cheong talks about upcoming FICS changes and UOB’s approach to training staff A REVIEW of competency standards and training curriculums for the banking and finance industry is underway and the results could affect how fresh entrants pick up basic1,211 words
-
Article, Illustration1023 2012-05-23 20 EMILYN YAP - Staff training can help business, says EFG’s CEO here.EMILYN YAPreports EMILYN YAP EFG Bank chief executive for Singapore and South-east Asia, Kong Eng Huat, has been in the private banking industry for over 20 years. But when he joined the Zurichbased bank earlierYEN MENG JIIN - 1,023 words
-
Article, Illustration2400 2012-05-23 22 Four financial industry leaders discuss how their companies are coping with the tighter rules PARTICIPANTS NDBS Group CEO Piyush Gupta NOCBC Bank CEO Samuel Tsien NUnited Overseas Bank deputy chairman and CEO Wee Ee Cheong NSchroders CEO (Asia Pacific) Lester Gray AT 848 pages long, the2,400 words
-
-
Page 15 Advertisements
-
Advertisement37 2012-05-23 15 CONTENTS Be a professional, master your craft P16 Responsibility still lies with individuals P18 Raising industry standards with FICS P20 The changing regulatory landscape P22 Supplement Coordinator: Emilyn Yap Sub-Editor: Lee Kim Siang Copy Editor: George Joseph37 words
-
-
Page 17 Advertisements
-
Advertisement80 2012-05-23 17 UOB LEADS THE REGION IN TALENT DEVELOPMENT AND LEADERSHIP. UOB is the sole recipient of The Financial Industry Competency Standards (FICS) Inspire Award 2012. UOB is proud of a few industry firsts: First bank to certify all Corporate Banking Relationship Managers with the Corporate Banking Common Examination First bank to80 words
-
-
Page 19 Advertisements
-
Advertisement163 2012-05-23 19 EFG Bank Singapore Winner of the IBF Financial Industry Competency Standards Inspire Special Mention Award 2012 The best pure-play private bank in Asia (Asia Money 2011) EFG Bank is part of EFG International, a global private banking group based in Zurich, Switzerland. For its entrepreneurial spirit and dynamic growth in163 words
-
-
Page 21 Advertisements
-
Advertisement161 2012-05-23 21 A History of Commitment to Asia QBE has been in Asia for over a century and has a network of offices across the region with a wealth of local knowledge and expertise. QBE operates in all key insurance markets with offices in 52 countries and 16,000 staff worldwide. We pride161 words
-
-
Page 23 Advertisements
-
Advertisement592 2012-05-23 23 m bf The Institute of Banking Finance rror FINANCIAL INDUSTRY COMPETENCY STANDARDS HONOURING DISTINGUISHED ACHIEVERS The Institute of Banking and Finance (IBF) congratulates the recipients of the Distinguished Financial Industry Certified Professional (DFICP) title and the Friends of FIGS Award. These awards are a testament to their commitment to professional592 words
-
-
ECONOMY WATCH
-
Article, Illustration682 2012-05-23 24 Greece is too weak alone to lift itself out of trouble, say economists Reuters [BRUSSELS] Greece should not be lulled into believing that an exit from the euro would lead to the sort of short shock and sharp rebound that Argentina and Asian nationsReuters; PHOTO: BLOOMBERG - 682 words
-
Article, Illustration480 2012-05-23 24 Analysts see 2.5-3% growth, half that of govt projections AP [BUENOS AIRES] Argentina’s nine-year economic expansion appears to be slowing sharply, according to analysts, who predict growth of 2.5-3 per cent this year half the 5.1 per cent projected by the government’s 2012 budgetAP - 480 words
-
-
Page 24 Advertisements
-
Advertisement106 2012-05-23 24 -ZL i i PHr I 1 -22*.: Vi A ENDURESTHROUGH SEASONS t OF CHANGING TRENDS. Rob Gax, Creative Director, Mangham Gaxiola It sure feels great to produce creatives that stand the test of time. That’s why we’re back to rock the creative runway in a bigger and bolder way as106 words
-
-
MALAYSIA
-
Article, Illustration451 2012-05-23 25 PAULINE NG - KL extends wider coverage of goods for tariff elimination under trade pact By PAULINE NG in Kuala Lumpur MALAYSIAN producers and exporters will enjoy zero Australian import duties from Jan 1 next year when a free trade agreement (FTA) between the twoAP - 451 words
-
333 2012-05-23 25 Reuters [KUALA LUMPUR] The book-building process of Malaysia’s Felda Global Ventures Holdings’ over US$3 billion listing will begin on May 31 and end on June 15, a source with direct knowledge of the deal told Reuters yesterday. The book-building process will bringReuters - 333 words
-
243 2012-05-23 25 Contributions from overseas units help boost revenue 8% Reuters Bloomberg [KUALA LUMPUR] Axiata Group Bhd, Malaysia’s second largest mobile-phone operator by market value, said first-quarter profit rose 3.1 per cent on higher revenue from its units abroad and at home. Net income climbedReuters; Bloomberg - 243 words
-
-
Page 25 Advertisements
-
Advertisement118 2012-05-23 25 Want to Shine at ChildAid? BIGGER, BETTER BRIGHTER BE PART OF SINGAPORE’S BIGGEST CHILDREN’S CHARITY CONCERT. JUST LIKE THESE YOUNG TALENTS, YOU CAN SPREAD THE JOY OF GIVING AND HELP THE LESS FORTUNATE SIMPLY BY UNVEILING YOUR TALENT. EMAIL A VIDEO OF YOUR PERFORMANCE WITH YOUR NAME, AGE, CONTACT AND118 words
-
-
GREATER CHINA/INDIA
-
Article, Illustration577 2012-05-23 26 Govt acts to speed up investment and growth, in ‘fine tuning’ of policy Reuters es and real estate is running at its weakest in nearly a decade, April data showed, suggesting the world’s second-biggest economy is heading for a sixth straight quarter ofReuters; REUTERS - 577 words
-
378 2012-05-23 26 Reuters [BEIJING] China’s top economic planner may approve twice as many enterprise bond issues this year than in 2011, in an effort to develop the country’s fledgling debt markets and wean state firms off their excessive reliance on bank lending. The NationalReuters - 378 words
-
Article, Illustration634 2012-05-23 26 Reuters [JALANDHAR, India] Buried in recent monthly data for wholesale prices in India, the wild gyrations of a humble vegetable tell the tale of an economy trapped in inflation by its own rigidities. Back in December, after a bumper harvest of potatoes, furious farmersReuters - 634 words
-
379 2012-05-23 26 Bloomberg [BEIJING] A leading index for China rose at the same pace in April as the month before, offering investors some comfort that the world’s second biggest economy may avoid a deeper slowdown. The gauge increased 0.8 per cent from March to 232.4,Bloomberg - 379 words
-
-
Page 26 Advertisements
-
Advertisement1598 2012-05-23 26 B6ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 5 Lloyds TSB Bank pic Balance Sheets at 31 December2011 2011 million 2010 million Consolidated Income Statement for the year ended 31 December 2011 Assets Cash and balances at central banks Items in the course of collection from banks Trading and other1,598 words
-
-
WORLD
-
Article, Illustration526 2012-05-23 27 Analysts shrug off cut; yen weakens slightly against euro and US dollar AFP [TOKYO] Fitch cut Japan’s credit rating by two notches yesterday, citing its “leisurely” efforts at shrinking a massive public debt as Tokyo struggles to kick-start the world’s third-largest economy. TheAFP; REUTERS - 526 words
-
434 2012-05-23 27 It has boosted its brand value by 19% to US$183b Reuters [LONDON] Apple has maintained its place as the world’s most valuable brand over the past year, leading a group of technolo-gy-related companies that dominate the top 10, according to a study publishedReuters - 434 words
-
255 2012-05-23 27 Reuters [BERLIN] Germany dismissed a French-led call for euro zone nations to issue common bonds, a day before a European Union leaders’ summit which investors are looking to for new measures to counter the bloc’s debt crisis. French President Francois Hollande will push aReuters - 255 words
-
358 2012-05-23 27 NYT [NEW YORK] Two months after announcing a US$15 billion share buyback programme, JPMorgan Chase reversed course on Monday, saying it was halting the repurchases after the bank’s multibillion-dollar trading loss. Jamie Dimon, the bank’s chief executive, disclosed the move at a meeting withNYT - 358 words
-
Article, Illustration889 2012-05-23 28 First central bank to be given direct access, bypassing Wall St dealers Reuters [NEW YORK] China can now bypass Wall Street when buying US government debt and go straight to the US Treasury, in what is the Treasury’s first-ever direct relationship with aReuters; BLOOMBERG - 889 words
-
672 2012-05-23 28 Reduced revenue forecasts may have contributed to shares’ weak performance Reuters [SAN FRANCISCO] In the run-up to Facebook’s US$16 billion initial public offering (IPO), Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’sReuters - 672 words
-
309 2012-05-23 28 Bloomberg [TOKYO] Renesas Electronics Corp, the world’s biggest automotive microcontroller maker, rose the most in three months in Tokyo trading after the Yomiuri newspaper said that it plans to raise capital and cut about 6,000 jobs. Renesas jumped 7.4 per cent, the biggestBloomberg - 309 words
-
-
Page 27 Advertisements
-
Advertisement1665 2012-05-23 27 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices Financial Report 2011 Consolidated Balance Sheet at 31 December 2011 Board of Directors Kaspar Villiger, Chairman of the Board of Directors/member of the Corporate Responsibility Committee/Chairperson of the Governance and Nominating Committee Michel Demare, Independent Vice Chairman/member of the Audit Committee/member of1,665 words
-
-
Page 28 Advertisements
-
Advertisement1372 2012-05-23 28 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Philippine National Bank and Subsidiaries CONSOLIDATED STATEMENT OF CONDITION CONSOLIDATED STATEMENT OF INCOME As of December 31, 2011 with Comparative Figures for 2010 (In Thousand Pesos) Philippine National Bank Report on the financial Statement We have audited the accompanying consolidated financial statements1,372 words
-
-
TransportHUB
-
Article, Illustration501 2012-05-23 29 TIMOTHY LOH - The $500m outfit has been named the Marina Bay Cruise Centre Singapore By TIMOTHY LOH SINGAPORE’S newly completed international cruise terminal is expected to create about 3,000 new jobs in the tourism sector, from running centre operations to maintaining the ships berthed501 words
-
981 2012-05-23 29 DAVID HUGHES - Partnership of affected states is step in the right direction STRAIT TALK By DAVID HUGHES NOT so long ago, piracy was just something in history books. At sea back in the 70s, the idea that our ship might be attacked by armed pirates on981 words
-
346 2012-05-23 29 Bloomberg [LONDON] Demand for the biggest oil tankers will rise 5.3 per cent this year, exceeding gains for the overall fleet, as China purchases more crude, said Clarkson Research Services Ltd. The fleet will experience 2.1 per cent demand growth, London-based Clarkson, aBloomberg - 346 words
-
Article510 2012-05-23 29 Bloomberg [COPENHAGEN] AP Moel-ler-Maersk A/S, Denmark’s biggest company, is looking into selling two new bonds in 2012 to help fund investments in drilling rigs, port terminals, and oil fields as bank credit grows more expensive. “If the market is good, we can easily issue oneBloomberg - 510 words
-
Article257 2012-05-23 29 SGX '000 May 22 S$ +/-Vol CH Offshore 0.42 0.01 133 Chuan Hup Hldg unch unch 0 Cosco Corp 0.92 0.02 8761 s$ Ezra Hldgs 0.97 0.01 5490 First Ship Lea 0.18 0.01 1628 Freight Links 0.06 unch 2207 Grand Banks unch unch 0 Jaya Hold Ltd 0.54257 words
-
TRANSPORT HUB: AVIATION
-
Article, Illustration441 2012-05-23 30 The airline alleges the fuel caused ‘serious engine problems’ Bloomberg [SINGAPORE] Cathay Pacific Airways Ltd sued World Fuel Services Corp’s Singapore unit over claims tainted fuel led to an emergency landing by one of its Airbus SAS A330 jets, hurting the HongBloomberg; BLOOMBERG - 441 words
-
232 2012-05-23 30 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Changi Airport recorded 4.21 million passenger movements in April 2012, up 12.7 per cent from the previous year, putting it in line for another record year. And about 1.41 million passengers in April comprising 33.5 per cent232 words
-
281 2012-05-23 30 Bloomberg [BANGKOK] Thai Airways International Pcl chief executive officer Piyasvasti Amranand thought his annual review went well. That didn’t stop the board from firing him. “I just want the board to explain the reason,” Mr Piyasvasti said at a media briefingBloomberg - 281 words
-
-
TRANSPORT HUB: LAND
-
699 2012-05-23 31 SAMUEL EE - Decrease is due to industry collectively turning a profit of $21 m in 2011 Reports by SAMUEL EE MOTOR insurance premiums have finally fallen after four years of increases following the industry’s return to profit in 2011. Leading the downward trend is699 words
-
Article300 2012-05-23 31 MOTOR insurance premiums are largely expected to stabilise in the year ahead and may even trend downwards. “Based on the recent GIA results of the auto insurance industry’s performance, the industry has turned around in 2011 to produce a profit,” said Cady Ho, Chartis vice-presi-dent and300 words
-
607 2012-05-23 31 Fiat CEO says a partnership in Asia would be beneficial Bloomberg [MUMBAI] Fiat SpA and Tata Motors Ltd may be headed for divorce. The pair this month ended a deal that had let the Italian company sell cars viaBloomberg - 607 words
-
242 2012-05-23 31 Bloomberg [BRASILIA] Brazil cut taxes on consumer borrowing and created incentives for banks to boost vehicle lending as policymakers struggle to revive economic growth in the world’s biggest emerging market after China. As part of a stimulus package announced on Monday,Bloomberg - 242 words
-
-
-
Page 29 Advertisements
-
Advertisement29 2012-05-23 29 www.omy.sg f H m. m u m B Til; *1 U X mwm B315,OS«^ I i sot Wb 0 0 sgblogawards.omy.sg 0 Download FREE QR Code Reader, e.g. BeeTagg29 words
-
Advertisement109 2012-05-23 29 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR109 words
-
-
Page 30 Advertisements
-
Advertisement735 2012-05-23 30 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00735 words
-
-
Page 30 Miscellaneous
-
Miscellaneous329 2012-05-23 30 CRYPTIC CROSSWORD Across 6 Rain, snow, hail? Hurry! (13) 8 Plant a cairn untidily (6) 9 Produce energy that’s half wasted in fireplace (8) 10 Grandmother who can be got around (3) 11 Name of a square youngster affecting upper-class attitudes (6) 12 Beyond rule with riot spreading (8) 14329 words
-
-
Page 31 Advertisements
-
Advertisement1102 2012-05-23 31 Crédit Agricole (Suisse) SA, Geneva Head Office: Quai Général-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2011 2011 2010 1000 1000 CHF CHF 1. Assets Liquid assets 1,506,579 10,056 Money market instruments 527,398 1,506,035 Due from1,102 words
-
-
EDITORIAL & OPINION
-
452 2012-05-23 32 EDITORIAL MALAYSIA’S economic growth has traditionally been largely export-driven. But going forward, the growing importance of domestic demand might change the dynamics driving the economy. Malaysia’s export growth in the first quarter of 2012 halved to 4.4 per cent from 9.9 per cent in the452 words
-
Article, Illustration832 2012-05-23 32 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own. IT’S limbo rock, Japanese-style: How low can bond yields go without triggering a meltdown? This question gains urgency as 10-year832 words
-
Article, Illustration960 2012-05-23 32 PRADUMNA B RANA - The Asean+3 Macroeconomic Research Office should start a Regional Monetary Unit next By PRADUMNA B RANA The writer is an associate professor at the S Rajaratnam School of International Studies (RSIS), Nanyang Technological University. The survey results mentioned above were recently published in the JournalAP - 960 words
-
Article, Illustration905 2012-05-23 33 LEON HADAR - Greeks follow their own path, and no form of austerity is going to change the way they do business and politics LEON HADAR Washington Correspondent A FEW years ago I was staying in Athens, and on my last day in the Greek capital, I ventured intoREUTERS - 905 words
-
Article, Illustration956 2012-05-23 33 HUGO DIXON - REUTERS BREAKINGVIEWS By HUGO DIXON Reuters WHAT should be the longterm vision for the eurozone? The standard answer is fully-fledged fiscal, banking and political union. Many eurozone politicians advocate it. So do those on the outside, such as Britain’s Prime Minister David Cameron who lastReuters; BLOOMBERG - 956 words
-
633 2012-05-23 33 ANDRÉS VELASCO - Argentine economic nationalism again By ANDRÉS VELASCO The writer is former finance minister of Chile, and a visiting professor at Columbia University [SANTIAGO] The only thing worse than a terrible movie is a terrible movie that we have already seen. By nationalising oil giant YPF, Argentina has treated us to633 words
-
-
SINGAPORE STOCKS
-
Article2481 2012-05-23 34 Transaction date: May 22 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 112.5 +2.5 512 112.5 110 112 112.5 7.4 10.82,481 words
-
Article213 2012-05-23 35 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 Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil +0.8213 words
-
Article7989 2012-05-23 35 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 ....0.9982/ EM Local Ccy Bond7,989 words
-
Article205 2012-05-23 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 31.5 AVJennings A33.5 +2 13 33.5 33.5 31 33.5 3.6 10.4 2.7 87.2 46 25.5 Genting HK US$ US31 +0.5 7148 31.5 30.5 31 31.5 2041.2205 words
-
Article917 2012-05-23 35 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119 6 119 119 118 119 543.2 103 96.8 CIMB APAC Div 100US$ US96.8 96.5 97.6 10.2 1261 856 CIMBAsean40917 words
-
-
FINANCE & COMMODITIES
-
Article604 2012-05-23 36 May 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8721.59 8740.48 8690.47 Jun12 8630.00 8740.00 8610.00 8735.00 *****2 *****4 Sep12 8630.00 8725.00 8625.00 8725.00 506 9630 MSCI TAIWAN INDEX FUTURES SPOT 258.89 260.25 258.49 May12 257.10 259.80 256.60 259.60 ***** *****7 Jun12 257.00 259.20604 words
-
Article, Illustration113 2012-05-23 36 As on 21 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1596.20 1587.10 1589.00 56 CURRENCY AUD-USD FUT JUN2012 .9845 .9803 .9844 1478 EUR-USD FUT JUN2012 1.2795 1.2727 1.2779 2479 BASE METAL COPPER FUT JUL2012 7737 7670 7724 2177113 words
-
Article107 2012-05-23 36 May 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1412.50 1405.00 1423.00 1408.50 Aug 12 1395.75 1381.00 1401.75 1384.25 Sep 12 1345.00 1327.00 1353.00 1333.00 Nov 12 1306.25 1288.00 1314.75 1294.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.92107 words
-
Article79 2012-05-23 36 CRUDE OIL PRODUCTS May 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.26 0.83 WTI (Near Mth) 92.70 1.05 Dubai (1-Mth F) 104.21 0.42 Tapis blend 115.37 0.70 Minas 115.17 0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.94 -0.45 Jet Kerosene 121.21 0.68 US$/barrel OpecOil Basket79 words
-
Article23 2012-05-23 36 May 22 S$ S$ Bid Offer 1-month 1.2657 1.2662 2-months 1.2656 1.2661 3-months 1.2655 1.2660 6-months 1.2646 1.2652 Source: OCBC23 words
-
Article65 2012-05-23 36 May 21 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2005.25 2028.25 3 months 2047.00 2068.00 Copper, Grade A(US$/tonne) Cash 7790.00 7702.00 3 months 7731.00 7650.00 Lead(US$/tonne) Cash 1928.00 1953.00 3 months 1941.00 1966.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months65 words
-
373 2012-05-23 36 In local curr In S$ In US$ dy yr dy yr dy yr May 21 Index Change Change Change Change Change Change World Preliminary 836.9 0.7 0.9 0.6 -1.6 0.7 0.4 EAFE Preliminary 666.6 0.4 -2.3 0.4 -5.3 0.6 -3.4 Europe Preliminary 989.6 0.6 -3.6373 words
-
Article80 2012-05-23 36 May 21 COCOA (£/tonne) Close Prev High/Low Jul 12 1539 1551 1554/1535 Sep 12 1521 1534 1550/1519 Dec 12 1498 1513 1516/1496 Mar 13 1478 1493 1495/1476 COFFEE(US$/tonne) Close Prev High/Low May 12 2131 2185 2190/2139 Jul 12 2162 2217 2237/2160 Sep 12 2147 2187 2201/2145 Nov 12 213980 words
-
1156 2012-05-23 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 311 9.38 24 Conv Ratio Baker Technology Ltd W*****6 1 1 32 25 26.50 6 Best World Intl Ltd W*****5 0.6 1 30 70 30.001,156 words
-
Article471 2012-05-23 36 May 22 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.275 0.776 7.707 54.581 91.994 0.790 11.540 3.092 1.297 90.852 42.818 1.257 8.185 0.932 29.308 31.060 0.627 0.993 Canada 0.992471 words
-
Article61 2012-05-23 36 May 22 (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$) 0.***** 3 mths 0.***** May 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 161 words
-
Article154 2012-05-23 36 May 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2562 1.2571 0.9925 0.9928 Canadian dollar 1.2458 1.2469 0.9843 0.9847 Euro 1.6197 1.6209 1.2797 1.2801 NZ dollar 0.9684 0.9695 0.7651 0.7657 Sterling pound 2.0039 2.0050 1.5832 1.5835154 words
-
Article138 2012-05-23 36 May 22 GOLD(US$/oz) May 21 May 22 Hong Kong 1603.00 1588.00 Mav 22 May 18 May 21 London 1594.89 1589.51 1595.66 1590.28 Source: Thomson Reuters Source: Thomson Reuters CAST BAR May 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm138 words
-
Article89 2012-05-23 36 May 22 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 23-Aug-12 0.29 0.24 0.24 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.98 5-Year N*****0Z 2.375 01-Apr-17 108.7 108.8589 words
-
Article57 2012-05-23 36 May 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3120.0 3100.0 3130.0 3097.0 508 5196 Jul 12 3129.0 3102.0 3130.0 3095.0 5200 ***** Aug 12 3117.0 3098.0 3127.0 3090.0 ***** ***** Aug 12 3120.0 3094.057 words
-
Article121 2012-05-23 36 As at 9am May 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.285 1.224 Can dollar 1.274 1.214 Euro 1.661 1.582 Sterling pound 2.043 1.965 NZ dollar 0.998 0.951 US dollar 1.286 1.237 Local dollars to 100 units of foreign121 words
-
Article155 2012-05-23 36 May 22 May $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.25 0.15 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 0.85155 words
-
-
3648 2012-05-23 37 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN3,648 words
-
Page 37 Advertisements
-
Advertisement47 2012-05-23 37 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times47 words
-
Advertisement18 2012-05-23 37 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _The Business Times Shipping Times18 words
-
-
Page 38 Advertisements
-
Advertisement198 2012-05-23 38 "{)$}>'<'%>}&',,@.~\:[.=|(.'][< urgently needed fc>y shippers Can they -Find your services Here in the Shipping Times? The Business Times Shipping times advertisi JOE WONG AT 9620 'X Highlight Your Company Anniversary^ Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel198 words
-
-
Page 39 Advertisements
-
Advertisement137 2012-05-23 39 INVEST 2012 SERII CMT presents timely conferences on the latest information for your business ventures in the New Myanmar. New Myanmar Investment Summit 20-21 Jun, Yangon Business Strategies Successful JVs Myanmar Mining Summit 23-24 Jul, Yangon Opening Address by H. E. U Thein Htike Union Minister of Mines 2nd MOGP137 words
-
Advertisement577 2012-05-23 39 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 7 YEARS (NON-BENCHMARK) TOTAL AMOUNT OFFERED SGD 1,500,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** NIL ISSUE CODE NX*****W (REOPENED) ISIN CODE SG7S*****612 ISSUE DATE/SETTLEMENT DATE 01 JUNE 2012 MATURITY DATE* 01 JUNE 2019 COUPON577 words
-
-
Page 40 Advertisements
-
Advertisement747 2012-05-23 40 Online Personal Trading Account for Spot FX CitiFX’Pro cffi Tailored Margin FX Solutions for qualifying and experienced Individuals. In Singapore, only accredited, institutional and expert investor will qualify. Award winning trading system CitiFX Pro features state-of-the-art technology based on our award-winning platforms with flexible pricing and institutional-level liquidity. Mobile access747 words
-
-
Page 41 Advertisements
-
Advertisement257 2012-05-23 41 Plug into the latest market news and trade on the move with the SaxoTrader App. To make the right call, you need access to vital information, even when you're on the go. Get markets updates, prices and charts instantaneously on the award-winning SaxoTrader. Now available on your iPhone® or Android™257 words
-
-
executive Money
-
Article, Illustration1151 2012-05-23 42 PAUL D KAPLAN - Asset allocators can no longer look to the single currency as the basis for a risk-free asset, saysPAUL PAUL D KAPLAN Paul D Kaplan, PhD, CFA is quantitative research director, Morningstar Europe ONE of the most basic considerations for any investors considering the asset allocationSources: Morningstar EnCorr, International Monetary Fund; BLOOMBERG - 1,151 words
-
Article, Illustration1201 2012-05-23 39 JOSEPH PACINI - Hedge funds warrant a core allocation as old approaches to investing may not work anymore, writes JOSEPH PACINI writesJOSEPH JOSEPH PACINI Joseph Pacini is head of BlackRock Alternative Investment Strategy Group, Asia IN HIS 1935 book, The General Theory of Employment, Interest and Money, John MaynardSource: HFRI, BlackRock as of May 4, 2012; Source: HFRI, BlackRock - 1,201 words
-
Article, Illustration760 2012-05-23 40 JOHN WASIK - Durable profits over the next few years could well come from this sector, saysJOHN JOHN WASIK The author is a Reuters columnist and the opinions expressed are his own Reuters [CHICAGO] IF YOU were betting on a big rebound for any oneReuters; AP - 760 words
-
Article, Illustration740 2012-05-23 40 You risk losing both job and retirement savings if employer fails: advisers Reuters [NEW YORK] Buying stock that then falls sharply is painful, especially for investors who also happen to be company employees. Some workers at Chesapeake Energy are experiencing thatReuters; BLOOMBERG FILE PHOTO - 740 words
-
Article, Illustration1096 2012-05-23 41 Growth in the world’s hottest gambling market has been slowing sharply, but some casino operators and analysts remain upbeat Reuters [MACAU] GAMING executives and industry players gathering for a convention in Macau yesterday may have to finally confront what they have been predicting forReuters; AP; REUTERS - 1,096 words
-
-
Page 42 Advertisements
-
Advertisement327 2012-05-23 42 INTO GFT DealBook GFT Jt U FOREX AND CFDs. Now on DealBook 8 for iPad. Now you can trade the world’s markets on your iPad with GFT’s latest software innovation: DealBook® for iPad. Available on the J App Store With its flexible, intuitive interface and powerful trading features, DealBook® for327 words
-
Advertisement7 2012-05-23 42 INVESTING Alternatives: the new mainstream PAGE 397 words
-