The Business Times, 30 May 2012

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Total Pages: 35
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, May 30, 2012
    25 words
  • 867 1  -  They should be able to bring more foreign work into S’pore, says Law Minister; some wait to see how local outfits will adjust to fresh wave of competition from big guns By MICHELLE QUAH [SINGAPORE] The pace of liberalisation in Singapore’s
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  • MARKETS DIGEST
    • 110 1 us$ s$ US$ (S$ per US$) 1.275 (US$/S$ per 1.571 2.002 EURO (US$/S$/E) 1.258 1.603 Foreign currency per US$ S$ YEN 79.50 62.40 RM 3.144 2.467 HK$ 7.762 6.090 BAHT 31.67 24.85 RUPIAH 9,568 7,507 RENMINBI 6.347 4.980 INDIAN RUPEE 55.53 43.56 A$ 1.011 0.793 NZ$ 1.309 1.027 KL
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    • 20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.563 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
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  • 744 1  -  Japan and China cut out middleman for direct currency trading By ANTHONY ROWLEY in Tokyo JAPAN and China announced officially yesterday that they will begin direct trading between their currencies from Friday. The move is seen as highly significant in boosting economic links between
    BLOOMBERG  -  744 words
  • Page 1 Advertisements
    • 103 1 PROPERTY MCL Land offers highest bid for plum condo site in Jurong PAGE 10 LAND TRANSPORT Ferrari publicises financing package PAGE 28 MONEY MATTERS Asia’s shield against Europe shock PAGE 35 *****1 *****4 Perpetual fascination LU.C Lunar One CHOPARD BOUTIQUES #01-03 Takashimaya S.C.,Tel. 6733 8111 Bi-ioyThe Shoppes at Marina Bay
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    • 10 1 EXEC MONEY Odds not in favour of Grexit PAGE 36
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  • TOP STORIES
    • 534 2  -  Carmaker also confirms suspension of Lotus chief executive over his conduct By S JAYASANKARAN in Kuala Lumpur MALAYSIAN carmaker Proton Holdings has denied market talk that it is planning a sale of its British sports car unit Lotus, insisting that its lossmaking
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    • 629 2 Door opens for more foreign law firms here THE pace of liberalisation in Singapore’s legal sector is set to kick up another notch, as the government stands ready to issue a second round of Qualifying Foreign Law Practice licences to foreign law firms. The Law Ministry yesterday announced
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    • 921 2  -  Rules set on hiring of local lawyers and offshore revenue By MICHELLE QUAH Artist ludwig BT: wed Page: Size: give local firms time to adjust. They stemmed from a report prepared by the
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    • 747 4 Gains from US$25b sale to help offset Q2 trading losses Reuters [NEW YORK] JPMorgan Chase Co has sold an estimated US$25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank’s nowinfamous “London Whale”,
      Reuters  -  747 words
    • 456 4  - Jebsen Jessen ventures into marine, buys Halcyon Offshore Deal part of plan to double profit organically and through acquisitions By JOYCE HOOI [SINGAPORE] Jebsen Jessen Group of Companies South East Asia (JJSEA) marked its foray into the offshore and marine sector by buying 100 per cent of engineering and construction
      456 words
    • 640 4 Consumer confidence in May at its lowest level in four months LATEST US DATA Reuters Bloomberg [NEW YORK] US home prices edged higher for the second month in a row in March, suggesting prices are stabilising as the housing recovery gains
      Reuters; Bloomberg; PHOTO: BLOOMBERG  -  640 words
    • 556 4 AP [SEOUL, South Korea] Samsung Electronics Co, the world’s largest maker of mobile phones, said that its third-generation Galaxy S smartphone went on sale yesterday in 28 European and Middle Eastern countries, hoping to cement its lead over Apple’s iPhone. The Galaxy S
      AP; BLOOMBERG  -  556 words
  • Page 2 Advertisements
    • 98 2 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 June 2012 Tenor Approx. 7 Years (non-benchmark) Total Amount Allotted SGD 1,500,000,000 Amount Allotted to Non-Competitive Applications SGD 102,763,000 Amount Allotted to MAS Nil Total Amount Applied SGD 2,982,546,000 Coupon Rate
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    • 40 2 h'ii'l JACKPOT Estimated Draw on Thu, 31 May 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip yJv Always play with care, jresponsibiyj Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS
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    • 226 2 NOTICES NOTICE OF MEMBERS’ AND CREDITORS’ MEETING LION HEART PROPERTIES PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) INCORPORATED IN SINGAPORE REGISTRATION NO. *****5054W Notice is hereby given that pursuant to Section 307(1) of the Companies Act (Cap 50) (the “Act”) a meeting of members and creditors in the above matter will
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  • Page 3 Advertisements
    • 1424 3 Celebrating the 175 th Anniversary of Sin International Chamber of Commerce With the collective wisdom of 175 years, we move forward into a fast-changing business environment that brings with it new challenges and opportunities When the Singapore International Chamber of Commerce (SICC) was established more than seventeen decades ago, its
      1,424 words

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  • COMPANY NEWS
    • 466 5  -  Australian coal-bed methane player cites poor market conditions By RONNIE LIM THE turmoil in global markets has hit another IPO aspirant. Dart Energy, a leading Australian coal-bed methane (CBM) player, has deferred plans to list its international assets on the Singapore Exchange, citing
      466 words
    • COMPANY BRIEFS
      • 84 5 TUNG Lok Restaurants fell into the red for the fiscal year ended March 31, 2012, with a net loss of $1.8 million, on revenue of $86.64 million. For the preceding financial year, the group posted earnings of $4.06 million, on revenue of $94.3 million.
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      • 66 5 BIOSENSORS International Group posted a 49 per cent year-on-year rise in fourth-quarter net profit to US$27.22 million. Turnover for the quarter doubled to US$88.16 million. For the full year, the medical devices manufacturer said its net profit was $364.27 million compared with $43.27 million for
        66 words
    • 129 5 Reuters SINGAPORE-based Ascendas Hospitality Trust has decided not to launch its proposed hotel real estate investment trust listing of up to $800 million as a result of tough market conditions, IFR reported yesterday. Global equity markets have come off their highs in the first
      Reuters  -  129 words
    • 415 7  -  By KENNETH LIM OLAM International continued its aggressive acquisition strategy, announcing yesterday that it is investing US$240 million in its first sugar milling asset in Brazil. It entered into an agreement on Monday to acquire Brazilian sugarcane miller and processor Usina Acucareira Passos (UAP) for
      415 words
    • 501 7  -  By LYNETTE KHOO CITING problems in recovering missing records for reconstruction of its FY2011 first-quarter financial results, China Gaoxian said yesterday that it has applied to the Singapore Exchange (SGX) for waiver to announce those results. The company said its application is “for
      501 words
    • 395 7  -  Listing of business trust to raise 20b rupees: reports By NISHA RAMCHANDANI INDIA’S Fortis Healthcare has hived off its non-core business and related assets which will be listed as a business trust on the Singapore Exchange (SGX) to raise 20 billion
      395 words
    • 371 7 Reuters JAPAN’S Nikko Asset Management and US-based Principal Financial Group are among the suitors to advance to the next round of bidding for ING Groep’s Asia asset management business in a deal that could be worth up to US$600 million, sources
      Reuters  -  371 words
    • 447 8  -  Counter staged biggest one-day gain since January on Myanmar prospects By KENNETH LIM SHARES of Yoma Strategic Holdings registered their sharpest rise in four months, buoyed by optimism about the company’s earnings and prospects for Myanmar. Yoma, a Singapore-listed property developer whose main business
      447 words
    • 579 8  -  Region riding on its domestic consumer growth story: survey By LIM WEI SHENG ASIAN equity markets remain a bright spot at a time of economic instability, though performance forecasts vary widely across different countries and sectors, a survey of 40 institutional investment managers in
      Source: Russell Investments  -  579 words
    • 407 8  -  By JASMINE NG ANALYSTS lifted target prices for Tat Hong Holdings and mostly called a buy on the stock, after the group delivered fiscal fourth-quarter and fullyear results that topped the street’s views. On Monday, Tat Hong posted a fourth-quarter
      407 words
    • 347 8  -  By TIMOTHY LOH HONG Kong property developer Pan Hong Property Group posted a net profit of 146.8 million yuan (S$29.6 million) for the full year ended March 31, a decrease of 37.6 per cent from 235.4 million yuan the previous year. Revenue for the year
      347 words

  • SINGAPORE MARKETS
    • 596 6  -  Rise may be due to an absence of fresh bad news rather than the presence of any real good news STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rose 14.63 points to 2,801.85, in tandem with a 1.4 per cent gain in
      Source: Bloomberg  -  596 words
    • 66 6 May 29 VALUE CLOSE BT OB/OS -320.00 +132.0 BT CADI -*****.00 +155.0 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 650.59 +5.68 FTSE ST Small Cap 425.90 +4.83 FTSE ST All Share 678.10 +4.14 FTSE ST China Top 196.03 +2.62 FTSE ST China 223.88 +2.15 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 1 6 0 0 0 6 1 6 Manufacturing 68 24 30 7 4 8 75 28 38 Commerce 27 9 13 2 0 5 29 9 18 Tpt/Stor/Comms 21 7 8
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    • 874 6  -  Compiled by JOYCE HOOI Boustead Singapore May 29 close: S$0.895 Maybank Kim Eng Research, May 29 BOUSTEAD Singapore has reported FY3/2012 (year ended March) revenue of S$408.7 million with net profit of S$55.6 million. Results were largely in line if gains on disposal of investment properties and subsidiaries
      Source: Bloomberg  -  874 words
    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,014 8,014 37,995 37,995 Manufacturing 304,170 57,117 361,287 159,304 3,639 162,943 Commerce 335,015 20,284 355,299 158,880 960 159,840 Tpt/Stor/Comms 73,313 5,917 79,230 122,815 1,583 124,398 Finance 10,459 10,459 88,905 88,905 Construction 110,550 4,527 115,077 7,132
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    • 111 6 Stock name Close Change CapMallsAsia 1.420 -0.020 CapitaLand 2.500 +0.060 CapitaMall 1.770 -0.010 CityDev 10.150 +0.040 ComfortDelGro 1.460 -0.010 DBS Grp 13.340 +0.050 F&N 6.740 +0.170 GLP 2.130 +0.070 Genting SP 1.525 +0.005 Golden Agri 0.655 +0.010 HK Land 5.820 +0.090 JMH 49.530 -0.290 JSH 31.700
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    • 451 6 CURRENCIES Reuters [LONDON] The euro slipped against the US dollar yesterday, edging closer to two-year lows as investors and speculators sold the common currency on persistent worries over Spain’s escalating borrowing costs and its weakening banking sector. Analysts and traders said the euro
      Reuters; BLOOMBERG  -  451 words
    • 54 6 VOLUME GSH Corp 96,979,000 NexGenSCom 63,208,000 Noble Grp 62,891,000 UniFiber 54,279,000 Plastoform 50,878,000 UPP 48,864,000 TT Intl 48,745,000 Yoma 47,744,000 Ntegrator 45,245,000 Interra 44,459,000 VALUE($) Noble Grp 69,427,790 SingTel 47,475,450 CapitaLand 38,869,430 DBS Grp 37,391,180 GLP 29,685,780 Olam 29,046,278 Genting SP 28,766,955 Yangzijiang 26,116,213 OCBC Bk 26,035,900
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    • 113 6 BY CENTS CLOSE UP DBXT Nifty 10US$ 9185 542.9 4.9 JSH 3170 76.5 1.9 DBXT iBoxxKR 5US$ ***** 67.5 0.4 Lyxor China H 10US$ 1254 58.6 3.8 DBXT MSTaiwan 10US$ 1670 52.3 2.5 DBXT MSAsExJp 10US$ 2810 40.8 1.2 DBXT MSTHAI 10US$ 1726 35.7 1.6 SIA.ES.1206 1053 31.0 3.0
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    • 126 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 8472 -686.9 -6.0 GLD 10US$ ***** -73.9 -0.4 DBXT FTVietnam 10US$ 2426 -43.3 -1.4 JMH 4953 -37.0 -0.6 Hyflux 6% CPS 10 ***** -35.0 -0.3 Lyxor LatinAmerica 1 657 -33.1 -3.8 SembMar RBeCW*****6 35.5 -28.0 -44.1 DBXT MSINDO 10us$ 1320 -26.8 -1.6 ShangriLa
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 894 7 >® < KATE NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices r ABN AMRO ABN AMRO GROUP N.V. Incorporated In The Netherlands Head Office: Gustav Mahlerlaan 10, 1082 Amsterdam, The Netherlands Singapore Branch: Level 25, One Raffles Quay, South Tower, Singapore *****3 Consolidated Balance Sheet As at 31 December 2011 Consolidated
      894 words

  • Page 8 Advertisements
    • 872 8 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices H ABIM AMRO Clearing ABN AMRO CLEARING BANK N.V. (A 100% SUBSIDIARY OF ABN AMRO BANK N.V., INCORPORATED IN THE NETHERLANDS) Consolidated Balance Sheet As at 31 December 2011 Notes to the financial statements which form an integral part of the financial statements and
      872 words

  • FUTURE OF TRADE
    • 1365 9  -  Business opportunities are so plentiful for Omni United that its founder has to restrain its expansion to make sure its growth is sustainable, reports CONRAD TAN reportsCONRAD reportsCONRAD TAN GS SAREEN, president and chief executive of Omni United, has a happy problem. The tyre company,
      JOHN HENG  -  1,365 words
    • 434 9  -  By JOSEPH ARENA The writer is head of global trade and receivables finance, HSBC Singapore WITH all the attention on the state of Middle East politics, it is easy to lose sight of the economic opportunities that the region offers. Here are
      434 words
  • Page 9 Advertisements

  • SINGAPORE NEWS
    • 907 10  -  Tender price was just 0.08% more than the next highest bidder By KALPANA RASHIWALA IN one of the tightest races at a land tender, MCL Land yesterday edged out its closest rival by just 0.08 per cent or 55 cents per square foot
      907 words
    • 524 10  -  By RONNIE LIM US biotech company Gevo Inc, in which Germany’s Lanxess has a stake, has just started up the world’s first commercial-scale plant to produce bio-based isobutanol. It marks a key step in Lanxess’ long-term plan to use rene w a
      524 words
    • 256 10  -  By MICHELLE TAN A 99-YEAR leasehold hotel site along Jurong Town Hall Road has been made available for application under the reserve list. The 97,166 square foot parcel with a plot ratio of 2.1 is the first hotel site to be made
      256 words
    • 443 10  -  It detects all strains of H5N1 virus; close to 100% accuracy By EVE YEO IT is better to be safe than sorry. A new H5N1 bird flu diagnostic kit has been produced by scientists in Singapore even though there has been no cases
      ZAOBAO  -  443 words
    • 310 10  -  By MALMINDERJIT SINGH UNDERSCORING close economic relations, China and Singapore will now explore the setting up of a new work group to facilitate collaboration in the services sector. This agreement emerged yesterday from the third Singapore-China Investment Promotion Committee (IPC) Meeting which was
      310 words
    • SINGAPORE ROUNDUP
      • 97 10 CREDIT Suisse has announced that Christopher Faddy has joined the group as its managing director and head of non-Japan Asia distribution for asset management. He will be based in Singapore and report to Will Britten, Asia-Pacific head of distribution, asset management. Mr Faddy will lead
        97 words
      • 78 10 SPECIALISED recruitment firm Robert Half has appointed Stella Tang as director of its Singapore operations. With over seven years of experience in recruitment, Ms Tang brings with her extensive industry knowledge and an understanding of the role that coaching and mentoring play in
        78 words
  • Page 10 Advertisements
    • 92 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AFASTOR PTE LTD (Co. Reg. No. *****3725W) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of the above-named Company will be held on
      92 words

  • ACCOUNTANTS FOR BUSINESS
    • 1555 11  -  A host of options are open to SMPs to make up for an expected drop in their statutory-audit revenue, reports JAMIE LEE reportsJAMIE JAMIE LEE CHANGES are afoot for smaller audit firms, if the proposed increase in the audit exemption threshold is implemented by regulators.
      1,555 words
  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 515 12 But rising household spending gives hope amid lumbering economic rebound AFP [TOKYO] Japan’s unemployment rate rose slightly in April, official data showed yesterday, with analysts highlighting the struggling electronics sector as contributing to job losses. The nation’s jobless rate edged up to
      AFP; BLOOMBERG  -  515 words
    • 367 12 Weakening pound contributed to stabilising economy: BOE economist Reuters [LONDON] Britain’s economy is still feeling the benefit from the £325 billion (S$650.7 billion) of quantitative easing already conducted by the Bank of England (BOE), its chief economist, Spencer Dale, said in an interview broadcast
      Reuters  -  367 words
    • 229 12 Reuters [STOCKHOLM] Swedish consumer confidence rose unexpectedly in May to the highest level in almost a year, the National Institute of Economic Research said yesterday, reinforcing the view that the Swedish economy remains buoyant in the face of Europe’s woes. Consumer confidence indicators have
      Reuters  -  229 words
  • Page 12 Advertisements
    • 701 12 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 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com,sg www.cats.com.sg/notices I CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 JALAN SAMULUN, SINGAPORE *****7.
      701 words
    • 465 12 HUP EE ENTERPRISES (PTE) LTD (Co. Reg. No.: *****3127K) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act Cap 50 that a Final Meeting of the Members of the Company will be held at 2 Lincoln Road #02 02
      465 words
    • 20 12 www.omy.sg Singapore o a j Home in on a variety of property listings in Malaysia @STProperty.sg 0 m 0 STPROPERTY.sg
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  • Page 13 Advertisements
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  • MALAYSIA/INDONESIA
    • 481 14  -  PM says steps have been taken to cut fiscal deficit that last year stood at 4.8% By PAULINE NG in Kuala Lumpur PRIME Minister Najib Razak yesterday said that public debt would be kept below 55 per cent of gross domestic product
      481 words
    • 162 14 Bloomberg [JAKARTA] Bank Indonesia said it will start selling US dollar term deposits in two weeks to boost supply of the currency locally and stabilise the rupiah, which traded near its weakest level in more than two years earlier yesterday. The move
      Bloomberg  -  162 words
    • 525 14  -  By PAULINE NG By in Kuala Lumpur A DISAPPOINTING first quarter notwithstanding, UEM Land Holdings remains an “outperform” for Public Investment Bank, on the possibility that the developer could land a larger role in the billion-dollar Marina South development. Other brokers,
      525 words
  • Page 14 Advertisements
    • 1604 14 esais notices 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices c' tp fa IS h life CITIC BANK INTERNATIONAL CITIC BANK INTERNATIONAL LIMITED (INCORPORATED IN HONG KONG WITH LIMITED LIABILITY) Consolidated Statement of Financial Position As at 31 December 2011 Consolidated Income Statement For the year ended 31 December 2011 In
      1,604 words

  • GREATER CHINA/INDIA
    • 484 15 Ministries, securities regulator to unveil own measures to stabilise growth Bloomberg [BEIJING] China has no plan to introduce stimulus measures on the scale deployed during the global financial crisis to counter this year’s economic slowdown, the Xinhua news agency reported. “The Chinese government’s
      Bloomberg  -  484 words
    • 547 15 Bloomberg [BEIJING] China’s rising labour costs and a deteriorating regulatory environment are prompting almost a quarter of European Union companies to consider shifting investments to other countries, a survey released yesterday shows. Twenty-two per cent of 557 respondents said that they may move investment to
      Bloomberg  -  547 words
    • 1008 15 NEWS ANALYSIS Reuters [MUMBAI] When promising tech company Subex sold US$180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an unprecedented market boom. The economy was
      Reuters; AFP  -  1,008 words
  • Page 15 Advertisements
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  • WORLD
    • 636 16 Madrid unveils new bonds to finance 17 debt-struck regional govts AFP [MADRID] Spain’s sovereign risk premium shot to a euro-era record yesterday as Madrid announced new bonds to finance debtstruck regions and as banks scrambled to clean up bad loans. The debt premium
      AFP  -  636 words
    • 466 16 Bloomberg [AMSTERDAM] The Netherlands is back in favour among bond investors attracted by its fiscal record and return to political stability as they seek havens from Greece’s potential exit from the euro area. Dutch bonds have delivered the third-biggest returns in
      Bloomberg  -  466 words
    • 393 16 Bloomberg [BERLIN] Germany must invest about 20 billion euros (S$32 billion) by 2022 to upgrade the country’s power lines as it exits nuclear energy and takes more electricity from renewables, companies that operate the grid said. The overhaul requires about 3,800 kilometres of
      Bloomberg; REUTERS  -  393 words
    • 792 16 They are raising margin calls; requiring collateral Reuters [LONDON] Alarmed by Europe’s latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking on risky exposures to rivals who could be about to be
      Reuters  -  792 words
    • 76 16 [MONTROSE, South Dakota] The roadside attraction off Interstate 90 known as Porter Sculpture Park features more than 40 metal sculptures. The park’s signature piece is a 60-foot-tall Egyptian-style bull’s head that stares down at motorists as they head out to South Dakota’s Black Hills. Wayne Porter
      AP  -  76 words
    • 347 16  -  By MALMINDERJIT SINGH [SINGAPORE] When it comes to defence in the region, the Shangri-La Dialogue has become known for bringing together Asia-Pacific’s leading policy-makers and thinkers on defence under one roof. It is no different this year, as the organisers of the
      347 words
    • 502 17 US, China gain from unconventional gas while importance of Middle East declines Reuters [LONDON] A boom in unconventional natural gas over the next 20 years could see the United States and others benefit from cheaper energy while the importance of the Middle
      Reuters  -  502 words
    • 380 17 Reuters [TOKYO] Japan’s widening probe of insider trading reached JP Morgan yesterday as the embattled US brokerage was identified as the source of a leak of confidential information regarding a planned share offering by Nippon Sheet Glass in 2010. JP Morgan, one
      Reuters  -  380 words
    • 323 17 Acquisition will double its grain trading capacity Bloomberg [TOKYO] Marubeni Corp has agreed to acquire Gavilon Group LLC for US$3.6 billion to gain control of the third-largest grain merchandiser in the US in what would be the biggest deal for the Japanese company. The
      Bloomberg  -  323 words
    • 65 17 USING digital 3D mapping technology, images from the German design collective Urbanscreen are projected onto the sails of the Sydney Opera House during the opening of the VIVID Sydney festival of light on May 25. VIVID one of the largest annual festivals of its kind in the
      AFP  -  65 words
    • 438 17 Reaction latest sign of rating agencies’ waning influence Bloomberg [STOCKHOLM] The response to Moody’s Investors Service downgrade of the biggest Nordic banks was rising bond and share prices. The reaction is the latest sign that investors are paying less attention to the views of
      Bloomberg  -  438 words
    • 565 20 Dewey LeBoeuf files for bankruptcy Financial miscues, partner defections spark biggest law firm failure in US NYT [NEW YORK] Dewey LeBoeuf, the law firm crippled by financial miscues and partner defections, filed for bankruptcy on Monday night, punctuating the largest law firm collapse in US history. The filing, made in
      NYT; REUTERS  -  565 words
    • 530 20 11 m Americans at risk of losing one-fifth of benefits Bloomberg [WASHINGTON] A US government entitlement programme is headed for insolvency in four years, and it’s not the one members of Congress are talking about most. The Social Security disability programme’s trust fund
      Bloomberg  -  530 words
    • 407 20 AP [MANILA] Senators fired the Philippines’ Supreme Court chief justice yesterday for failing to declare US$2.4 million in bank accounts in a politically coloured trial that has reinvigorated President Benigno Aquino III’s campaign to clean up the government. Renato Corona was appointed chief justice
      AP; AFP  -  407 words

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  • Page 20 Advertisements
    • 491 20 Toll free 1800-289-8822 Email notices@sph,com,sg www.cats.com.sg/notices DDC M KDj The Royal Bank of Scotland The Royal Bank of Scotland pic (“the bank”) and its subsidiaries (together the “Group”) Registered office; 36 St Andrew Square, Edinburgh EH2 2YB The Royal Bank of Scotland pic, Singapore Branch: Level 26, One Raffles Quay,
      491 words

  • SINGAPORE ARTS FESTIVAL
    • 740 21  -  By CHEAH UI-HOON RITISH-BANGLADESHI choreographer and dancer Akram Khan might have a unique dance vocabulary contemporary dance infused with classical Indian dance but he has made a name for himself in cross-genre, cross-cultural collaborations. Musicians (Nitin Sawhney), artists (Anish Kapoor), writers (Hanif Kureishi), actors (Juliette Binoche) and singers
      740 words
  • Page 21 Advertisements
    • 1616 21 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ddc m KD3 The Royal Bank of Scotland RBS Holdings N.V. Incorporated in the Netherlands Head Office: Gustav Mahlerlaan 350, 1082 ME Amsterdam, The Netherlands Singapore Branch: Level 26, One Raffles Quay, South Tower, Singapore *****3 N Consolidated balance sheet as at
      1,616 words

  • EDITORIAL & OPINION
    • 501 22 EDITORIAL AS Myanmar opens up to the world, it has played host to a procession of foreign leaders, including from the UK, Thailand, South Korea and Malaysia, as well as US Secretary of State Hillary Clinton. The latest high-profile visitor is Indian
      501 words
    • 988 22  -  20-year study finds that trading volume is down an average 14% on days of paper strikes By NICHOLAS BRAY ERE’S a message for business people wondering whether it’s worth their time talking to journalists: “If you want to get your company noticed
      REUTERS  -  988 words
    • 785 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 BEIJING has scored points in its handling of the case of Chen Guangcheng, first by agreeing to guarantee his safety by relocating
      785 words
    • 1229 23  -  Bond markets should take a more responsible view and give affected countries time to sort out their problems ANTHONY ROWLEY Tokyo Correspondent THERE is little point in trying to reason with a herd of stampeding cattle and telling them that they are overdoing
      AFP  -  1,229 words
    • 752 23  -  REUTERS BREAKINGVIEWS By PETER THAL LARSEN IT’S time for banks to knock ratings agencies off their pedestal. For all their well-documented flaws, credit ratings are still hard-wired into the financial system. An industry-wide downgrade by Moody’s may provide the catalyst to curb the
      AFP  -  752 words


  • SPECIAL
    • 9 24 JCI Ten Outstanding Young Persons of the World Award
      9 words
    • 726 24  -  The Junior Chamber International Ten Outstanding Young Persons Award encourages youths to make a difference in society By Tan Bah Bah WHAT do politicians Bill Clinton, John F. Kennedy and Benigno Aquino have in common with entertainment celebrities the likes of Elvis Presley, Andy Lau and
      726 words
    • 490 25 Syed Faisal Bin Syed Ismail ACADEMIC LEADERSHIP AND/OR ACCOMPLISHMENT Mr Faisal is an inspiring teacher who does more than guiding his students to achieve academic success. After serving on the National Youth Council’s Youth Change Makers, he continues to engage youths in other community initiatives.
      490 words
  • Page 24 Advertisements
    • 57 24 JCI $.TOY P Ten Outstanding Young Persons of the World til Singapore 2012 V® feel at home. WV; SCANTEAK CONGRATULATES Jamie Um (Regional Marketing Director) for being awarded the Ten Outstanding Young Persons of The World 2012 Singapore Honoree Awards COME HOME TO SCANDINAVIAN LIVING www.scanteak.com SINGAPORE I TAIWAN I
      57 words
    • 258 24 The Nation Prestige Award 2012 Powered by: WATERMARK INTERNATIONAL PTE LTD CELEBRITY GROUP PTE LTD CONGRATULATES ADELYNEFUNG MICHELLE LOH TIFFANY PARK ETHEL GOH FOR BEING THE TALENTS SELECTED TO REPRESENT TEAM SINGAPORE IN THE 16th annual world championships of performing arts (WCOPA) in HOLLYWOOD this JULY 2012! WORLD CHAMPIONSHI nriTiH
      258 words

  • Page 25 Advertisements
    • 303 25 Ten Outstanding Young Persons of the World Singapore 2012 i L 1 Asst CONGRATULATIONS! Assistant Lim Kah Meng Ten Outstanding Young Persons of the World Awardee 2012 Professor Lim Kah Mer>g PhD Biomedicine Chief Scientist and Chairman. Gene Oasis Croup Gene Oasis flagship business is in Bird's Nest processing and
      303 words
    • 218 25 JCI ©TOY P Ten Outstanding Young Persons of the World Singapore 2012 Singapore's No.1 Leading Skin Solution Professional The Power of Science and Nature always delivering results driven innovations for a new generation of Skincare Professional." We are a company who are very proud of our solutions products that is
      218 words

  • Transport HUB
    • 722 26  -  Outgoing chairman says that putting the industry’s point of view to world leaders is not easy STRAIT TALK By DAVID HUGHES CCORDING to a headline in Lloyd’s List last week, Spyros Polemis who has just stood down as chairman of the International Chamber of Shipping
      722 words
    • 558 26 Bloomberg [Southfield, MICHIGAN] Anadarko Petroleum Corp, in what will be the first case arising from the 2010 Gulf of Mexico spill to go to trial, argues a US ban on deep-water drilling qualified as an act of God that allowed it to
      Bloomberg  -  558 words
    • 253 26 SGX '000 May 29 S$ +/-Vol CH Offshore 0.42 0.01 75 Chuan Hup Hldg 0.22 0.01 130 Cosco Corp 0.98 0.05 ***** s$ Ezra Hldgs 0.97 0.03 6445 First Ship Lea 0.17 unch 254 Freight Links 0.06 unch 1485 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      253 words
    • 253 26 Reuters [NEW YORK] The US Justice Department is investigating whether BP executives lied to Congress about how much oil leaked in the company’s 2010 Gulf of Mexico oil spill, the Wall Street Journal reported on Monday, citing people familiar with the investigation.
      Reuters; REUTERS  -  253 words
    • 696 26 GVK’s A$10b mine gets environmental approval from state Reuters [MELBOURNE] India’s GVK Power Infrastructure has cleared a key hurdle towards developing its A$10 billion (S$12.7 billion) Alpha coal project in Queensland, winning state environmental approval for what would be one of Australia’s
      Reuters  -  696 words
    • 287 26 Reuters [SINGAPORE] Rates for dirty tankers on key Asian freight routes are expected to remain under pressure this week due to slow trading activity amid various Western holidays, ship brokers said yesterday. Rates on the benchmark very large crude carrier (VLCC) export route from the
      Reuters  -  287 words

  • TRANSPORT HUB: AVIATION
    • 509 27 Five quarters of loss, perpetual bonds’ risks cite Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd’s fifth straight quarterly loss is prompting investors to demand a yield of at least 6 per cent for a planned Islamic bond, 2 percentage points more than the
      Bloomberg  -  509 words
    • 959 27 Bloomberg [NEW DELHI] Air India Ltd will receive its first Boeing Co 787 this week as a pilots’ dispute over who should fly the aircraft triggers cuts in international services and more than 100 dismissals. Air India is taking delivery of one 787
      Bloomberg; AFP  -  959 words
    • 840 27 First class seats measure 40x87”; cost US$9,000 for London return trip Bloomberg [SYDNEY] Malaysian Airline System Bhd (MAS) has taken a five-inch lead over Singapore Airlines Ltd (SIA). That is how much wider the carrier’s first class seats will be
      Bloomberg; BLOOMBERG  -  840 words
  • Page 27 Miscellaneous
    • 378 27 CRYPTIC CROSSWORD Across 1 Composer and tot meeting woman outside church (8) 5 Sailor is positioned the wrong way round in descent (6) 9 Mischief-maker, one to get freedom from punishment (8) 10 Careless agent has left work to be collected (6) 12 Something that may leave black stain on
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  • TRANSPORT HUB: LAND
    • 495 28  -  Buyers pay a deposit of $150,000 and monthly instalments of $5,999 By SAMUEL EE [SINGAPORE] For the first time ever, Ferrari has listed a vehicle financing package in a rare advertisement to emphasise the relative affordability of its super sports cars. Ferrari dealer Ital Auto yesterday took
      495 words
    • 198 28 Reuters [HONG KONG] China Yongda Automobiles Services decided to pull an up to US$434 million Hong Kong initial public offering (IPO) because of deteriorating market conditions, IFR reported on Monday, citing two sources with direct knowledge of the plan. The Shanghai-based car dealership had already
      Reuters  -  198 words
    • 582 28 Bloomberg [LOS ANGELES] Toyota Motor Corp’s Prius, a niche oddity when it went on sale 15 years ago, jumped to the world’s third best-selling car line in the first quarter as US demand and incentives in Japan turned the hybrid into a mainstream
      Bloomberg  -  582 words
    • 330 28 Reuters [BEIJING] Nissan Motor Co, Japan’s No 2 carmaker, will start making Infiniti cars at a two billion yuan (S$402.6 million) plant in China from 2014 as it moves to challenge the dominance of German rivals in the world’s largest car market.
      Reuters  -  330 words
  • Page 28 Advertisements
    • 411 28 KAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 Rabobank Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. Head Office Croeselaan 18, 3521 CB Utrecht, The Netherlands Singapore Branch 77 Robinson Road #08-00 Singapore *****6 EXECUTIVE BOARD Piet Moerland (P.W.), Chairman Bert Bruggink (A.), CFO Berry Marttin (B.J.) Piet van Schijndel (P.J.A.) Sipko Schat
      411 words

  • SINGAPORE STOCKS
    • 2680 29 Transaction date: May 29 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 +0.5 387 113.5 112 112.5 113.5 7.4 10.8
      2,680 words
    • 202 30 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 4.7
      202 words
    • 7526 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.92/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond ....0.9968/ 1 5933/ EM
      7,526 words
    • 201 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 31.5 AVJennings A33 -0.5 13 33 33 34 38 3.6 10.6 2.6 85.9 46 25.5 Genting HK US$ US32 +1 5526 32 31 31.5 32 2107
      201 words
    • 877 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 95.8 CIMB APAC Div 100US$ US96 97.4 98.4 10.1 1261 856 CIMBAsean40 100US$ US951 5 951 951 957 962 149.2 ***** ***** DBXT AUD Bonds
      877 words


  • FINANCE & COMMODITIES
    • 604 31 May 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8565.56 8657.08 8517.18 Jun12 8605.00 8660.00 8515.00 8650.00 ***** *****8 Sep12 8595.00 8640.00 8505.00 8640.00 313 ***** MSCI TAIWAN INDEX FUTURES SPOT 255.81 262.53 255.81 May12 254.60 262.70 253.40 261.30 *****6 *****5 Jun12 253.90 262.00
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    • 107 31 May 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1382.00 1376.00 1386.50 1371.50 Aug 12 1362.00 1356.25 1365.50 1353.00 Sep 12 1321.75 1313.25 1323.75 1308.00 Nov 12 1289.25 1276.25 1290.00 1268.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.12
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    • 76 31 CRUDE OIL PRODUCTS May 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.68 0.41 WTI (Near Mth) 91.15 0.31 Dubai (1-Mth F) 104.51 0.69 Tapis blend 115.22 0.34 Minas 115.02 0.34 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.78 1.22 Jet Kerosene 120.74 0.60 US$/barrel OpecOil Basket
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    • 22 31 May 29 S$ Bid Offer 1-month 1.2744 1.2747 2-months 1.2743 1.2746 3-months 1.2742 1.2745 6-months 1.2733 1.2737 Source: OCBC
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    • 66 31 May 28 May 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1984.00 1976.25 3 months 2022.00 2013.50 Copper, Grade A(US$/tonne) Cash 7712.50 7671.00 3 months 7685.00 7639.00 Lead(US$/tonne) Cash 1928.00 1937.75 3 months 1941.50 1950.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr May 28 Index Change Change Change Change Change Change World Preliminary 842.3 0.0 1.5 -0.1 -0.9 0.1 0.6 EAFE Preliminary 667.7 0.0 -2.1 0.1 -5.5 0.3 -4.1 Europe Preliminary 994.1 -0.1 -3.2
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    • 69 31 Visual? WWV*/*« t=rnuj luiliiMixajiisss* dn*nHi“«i timi.iiinrt'iiwioiiMj JVtyVVJ ftUIW i'H 1 ,ii|i.)iI'ihii• i|Mi»i Vwt».A)||iiiuii«iio||i»ii( «.ftT HI <»• ti I •HiO i a iki orm HUIM a/ffi III* Mil IflXAM iiiiKin itDimniiitwi lfL»Xni«i)ifr3K»f.0i' JSOMI M <( 4f*» »-w inti mm ivuti aivi Ml *0? '?#i iWi UVI •u* I-,
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    • 80 31 May 28 COCOA (£/tonne) Close Prev High/Low Jul 12 1481 1476 1486/1466 Sep 12 1470 1468 1475/1457 Dec 12 1449 1447 1453/1438 Mar 13 1430 1425 1428/1418 COFFEE(US$/tonne) Close Prev High/Low May 12 2221 2215 2230/2227 Jul 12 2247 2241 2269/2238 Sep 12 2228 2218 2234/2217 Nov 12 2214
      80 words
    • 1271 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 300 9.38 24 Conv Ratio Baker Technology Ltd W*****6 1 1 32 20 27.50 6 Best World Intl Ltd W*****5 0.6 1 30 70 30.00
      1,271 words
    • 470 31 May 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.277 0.786 7.677 54.914 94.623 0.786 11.615 3.109 1.294 91.374 42.759 1.261 8.211 0.946 29.307 31.322 0.630 0.989 Canada 0.990 6.213
      470 words
    • 58 31 May 29 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • 136 31 May 29 GOLD(US$/oz) May 29 May 28 Hong Kong 1582.90 1590.00 May 28 May 28 May 25 London 1574.85 1565.88 1575.65 1566.63 Source: Thomson Reuters CAST BAR May 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442 324 10gm
      136 words
    • 84 31 May 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.29 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.61 108.68 108.65 10-Year NX*****X
      84 words
    • 57 31 May 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3100.0 3117.0 3150.0 3100.0 327 2563 Jul 12 3141.0 3147.0 3193.0 3140.0 2029 ***** Aug 12 3138.0 3144.0 3193.0 3135.0 ***** ***** Sep 12 3133.0 3136.0
      57 words
    • 147 31 May 29 Aqvtst SS Murml OSS brrwittu Bill 0 liti lid DfK» i*(» Ijm" lOtttttKf. w MTI ill* .T u»i5 iituB **J83y JJ01S <«1l« (JtHi I** 7 •If*? 9*741 III- VUM Mil HIM U( Jdn. ATM* rtIMI n%4' 1 Artfq |«ttnl Juru rn>» UWwm «MI Wl) (JMttt
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    • 122 31 As at 9am May 29 May Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.284 1.223 Can dollar 1.276 1.216 Euro 1.639 1.561 Sterling pound 2.041 1.963 NZ dollar 0.997 0.950 US dollar 1.298 1.249 Local dollars to 100 units of
      122 words
    • 154 31 May 29 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 0.85 12
      154 words

  • 3681 32 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 TBN
    3,681 words
  • Page 32 Advertisements
    • 47 32 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 Times
      47 words
    • 18 32 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _the Business Times Shipping Times
      18 words

  • Page 33 Advertisements
    • 124 33 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? urgently needed by shippers Can they -Find your services Here in the Shipping Times? ADVERTIS JOI WON AT 9620 THE BUSINESS TIMES Shipping times Publicise Your Del iver Newbui KM V Come publicise your
      124 words

  • Page 34 Advertisements
    • 1091 34 Head Office: Hana Bank Building 101-1 1-Ka Euljiro, Chung-Gu, Seoul, Korea 100-191, http://www.hanabank.com Singapore Branch: 8 Cross Street, #23-06 PWC Building Singapore *****4 Tel: (65) 6438 4100 Fax: (65) 6438 4200 Swift HNBNSGSG CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As of December 31, 2011 and 2010 Korean Won in Million 2011
      1,091 words
    • 120 34 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 QR
      120 words
    • 115 34 Men’sHealth SHAPE LUNCH ON US! ROADSHOW ihdinL'! loss tricks I’n tt I 3WEEKST0AFITTER,LEANE BODY! pi r w m y f 1 s r ABS PERFECT YOUR RUNNING STRIDE FOR LIFE DRO R.*, STOP LYING TO YOUR DOCTOR SECRETS TO GETTING IKEEPM6Y0UR SIX-PACK DO ENERGY DRINKS REALLY BOOST mm PERFORMANCE? 3
      115 words

  • Page 35 Advertisements
    • 329 35 INTO GFT DealBook /'Mic GFT d ji V 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,
      329 words

  • executive Money
    • 1050 36  -  Online betting site Intrade gives 40% chance of euro break-up. By JEFF SOMMER By JEFF SOMMER NYT [NEW YORK] INTRADE is an online betting site with an enviable record for predicting Oscar winners and political events. It’s gotten the past two US presidential elections
      NYT; BLOOMBERG  -  1,050 words
    • 1420 35  -  The majority of Asian countries not least China do have the incentive and coffers to undertake fiscal stimulus, if needed MONEY MATTERS WELLIAN WIRANTO The writer is investment strategist at Barclays WITH the term “Grexit” getting so much airtime even here in Asia, we think
      AFP  -  1,420 words
    • 811 34  -  Zurich Insurance global life chief outlines the challenge. GENEVIEVE CUA reports CUAreports GENEVIEVE CUAreports THE world is grappling with a “global emergency” in terms of under-insurance, says Kevin Hogan, chief executive (global life) of the Zurich Insurance Group. Educating consumers on the value of life insurance
      YEN MENG JIIN  -  811 words
  • Page 36 Advertisements
    • 138 36 -X 0‘\ W m sat ■-‘silij V SSi I I w m mm 4 t 'v IS TO 8£ £>M *A\v m stSSesrws N --TM-gm H lt4, w: &r?' j ■'V,4 'V« i ->.■ ■<? 1,1?' K'ft; Ms# v. vr& -s. > ag R af is CV--l'.J p?ip >.v T
      138 words