The Business Times, 12 June 2012

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Microfilm: NL32035
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, June 12, 2012
    25 words
  • Article
    Lock icon Khazanah unit lines up big backers for IPO
    644 1  -  GIC, IFC and Prudential said to be among cornerstone investors in KL-S’pore listing in July By S JAYASANKARAN in Kuala Lumpur THE outfit that snapped up Parkway Holdings is all set to list in Singapore and Kuala Lumpur next month, backed by
    644 words
  • Article
    Lock icon Industrial land tenure halved to 30 years
    1047 1  -  MTI offers 23.7 ha of industrial land in H2 via 19 reserve, confirmed list sites By KALPANA RASHIWALA [SINGAPORE] The Ministry of Trade and Industry (MTI) is halving the maximum tenure for industrial sites under its land sales programme to 30 years to
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,787.81 (+49.92) GST INDEX FUTURES 2,788.0 (+50.0) GSIMSCI 319.26 (+5.94) GSIMSCI FUTURES 319.30 (+5.90) us$ s$ US$ (S$ per US$) 1.277 (US$/S$ per 1.556 1.988 EURO (US$/S$/E) 1.261 1.611 Foreign currency per US$ S$ YEN 79.60 62.30 RM 3.168 2.480 HK$ 7.759 6.074 BAHT 31.57 24.71 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.447 TAIWAN 5.036 JAPAN 1,475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      384 2 Khazanah unit IPO lines up big backers THE outfit that snapped up Parkway Holdings is all set to list in Singapore and Kuala Lumpur next month, backed by powerful cornerstone investors. BT has learnt that IHH Healthcare, controlled by Khazanah Nasional, has roped in International Finance Corporation, a
      384 words
    • Article, Illustration
      Lock icon Exports beat expectations with 3.2% rise in May
      642 2  -  But April’s revision downwards makes 2-mth figures look bad for economy By CHUANG PECK MING S IN G AP O R E M a y s non-oil domestic exports came in stronger than expected with year-on-year growth of 3.2 per cent, just
      Source: IE Singapore  -  642 words
    • Article
      Lock icon Initial euphoria following Spanish bailout subsides
      719 2  -  By NEIL BEHRMANN in London INITIAL stockmarket euphoria following the long awaited 100-billion-euro (S$163 billion) rescue of Spain’s stricken banks subsided later in the day as markets began to fret about the outcome of the June 17 Greek elections. Spain’s 10-year bond yields which
      719 words
    • Article, Illustration
      Lock icon A-G calls for code of conduct for arbitrators
      760 2  -  International body should be formed to lead reforms By GRACE LEONG [SINGAPORE] It may be time to establish a code of conduct for arbitrators to help arrest the “explosion of costs” in the arbitration process, suggested Singapore’s Attorney-General Sundaresh Menon yesterday. Additionally,
      760 words
    • Article, Illustration
      Lock icon Iata sees no let-up in aviation industry
      762 3  -  It sticks to US$3b profit forecast despite cheaper fuel and higher traffic By VEN SREENIVASAN By in Beijing THE global aviation industry remains in a fragile state despite a fall in oil price, a gradual pickup in global passenger traffic and a bottoming
      762 words
    • Article
      Lock icon Banking system exposure to eurozone not material: MAS
      335 3  -  Markets functioning normally despite risk of contagion By SIOW LI SEN [SINGAPORE] Singapore’s financial system is functioning normally and its exposure to the eurozone is not material, said the Monetary Authority of Singapore (MAS). “MAS continues to closely monitor developments in the
      335 words
    • Article
      Lock icon Yangon looking prepared for flood of investment, tourism
      571 3  -  Singapore presence strongly visible from umbrella shelters to publications By LEE U-WEN By in Yangon ONE could easily sense the anticipation in the air, even before the plane touched down in Yangon. Many of the 150 or so passengers on board that
      571 words
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      Lock icon Page 2 Advertisements Column 1
      89 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 Ambassador Wu Jianmin Executive Vice Chairman, China Institute for Innovation and Development Strategy People’s Republic of China
      89 words
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      162 3 TOYOTA Borneo Motors Toyota Sales Tel: 6631 118 4 ALWAYS BETTER. 4 FIRST CLASS TRAVEL l. 4 l IL i TRAVEL AT THE HEIGHT OF YOUR EXPECTATIONS 4 Hi Indulge in a first class be treated to a $15,000 overtrade. The Alphard represents the epitome of luxury, a private sanctuary
      162 words
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      320 4 AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 12 Like chess, branding is about far-sighted planning and seizing opportunities in an increasingly cluttered marketplace. Find out if you have been making game-changing moves to create a distinctive brand that’s ahead of the others at the Singapore Prestige Brand Award. Now
      320 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Big China stimulus unlikely: ABN Amro
      566 4  -  Further rate cuts possible; Beijing may hasten building and railway projects By JAMIE LEE MORE interest rate cuts from China are possible but a large economic stimulus is unlikely, ABN Amro said in a June 8 report. Instead, China may speed up approvals for
      AFP  -  566 words
    • Article, Illustration
      Lock icon SGX renews CEO Bocker’s contract
      367 4  -  Fixed base salary up a third to $1m a year By JAMIE LEE SINGAPORE Exchange (SGX) CEO Magnus Bocker will remain at the helm of the exchange until June 2015 and will have his fixed base salary raised to a million dollars a year under
      367 words
    • Article
      Lock icon Cash-rich Genting Bhd eyeing new markets?
      345 4 Reuters [SINGAPORE] Malaysia’s Genting Berhad sits on more cash than any other gaming operator in the world, yet it is raising additional billions on the debt market, fuelling speculation that its stake purchase in Australia’s Echo Entertainment is just the beginning of an acquisition
      Reuters  -  345 words
    • Article, Illustration
      Lock icon Eastern Hldgs’ founder offers to take firm private
      492 5  -  The deal values the publisher and property developer at $54m By KENNETH LIM THE founder of Eastern Holdings plans to take his company private in a deal that values the publisher and property developer at $54 million. MBT Holdings Pte Ltd, a
      FILE PHOTO  -  492 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sunpower wins 46.8m yuan contract
        96 5 SUNPOWER Group has secured a 46.8 million yuan (S$9.45 million) contract to supply flare systems and provide accompanying services to China’s first coal-gas-oil integrated utility project. The project, a start-up of the Jingbian Energy and Chemical Integrated Utilization, belongs to a unit of China National
        96 words
      • Article
        Lock icon Dukang adds 20 distributors
        38 5 DUKANG Distillers has signed 20 new distributors for its white liquor in China, after it hosted its third annual trade fair in the Henan province. This brings its distributor pool to 222, it said.
        38 words
      • Article
        Lock icon Tiger Airways’ May passenger number down
        78 5 TIGER Airways Holdings carried 461,000 passengers in May, down 23 per cent year on year. The number comprised 339,000 passengers (up 5 per cent) for Tiger Airways Singapore and 122,000 passengers (down 55 per cent) for Tiger Airways Australia. The latter operated at a
        78 words
      • Article
        Lock icon Noble acquires quarter share of US power firm
        65 5 NOBLE Group’s subsidiary, Noble Americas Gas Power, has acquired a minority shareholding interest of 25 per cent in Thunderbird Power Holdings, which owns the Eagle Point Power Generation facility in New Jersey, for about US$7.23 million. Thunderbird Power Holdings has a book
        65 words
      • Article
        Lock icon Temasek buys 5.5% stake in Ivanhoe Mines
        63 5 Reuters [SINGAPORE] Temasek Holdings has taken a 5.5 per cent stake in Canada’s Ivanhoe Mines valued at US$426 million. Temasek bought 40.855 million shares of the Vancouver-based firm, the Singapore investment company said in a filing to the US Securities and Exchange Commission
        Reuters  -  63 words
      • Article
        Lock icon Berger unit in claim settlement
        63 5 BERGER International said its subsidiary Berger Paints Singapore Pte Ltd will pay $850,000 as settlement to a customer who in 2010 made a High Court claim against the unit. The final settlement will not have a material impact on the net assets and net profits
        63 words
    • Article
      Lock icon OKP Holdings unit bags $5.3m PUB contract
      327 5  -  This is group’s 4th public sector project so far this year By MINDY TAN OKP Holdings Limited has won a $5.3 million contract to improve drains around the Sunset Drive, Clementi Avenues, and Tiong Bahru Road areas. The scope of works includes the
      327 words
    • Article
      Lock icon OCBC IR upbeat on Cache and CRCT
      546 7  -  They are likely to roll in strong FY12 performances, says the research house By MICHELLE TAN REAL estate investment trusts (Reits) such as Cache Logistics Trust (Cache) and CapitaRetail China Trust (CRCT) are likely to roll in strong FY12 performances on the back
      546 words
    • Article, Illustration
      Lock icon Share buyback helps Olam shares rise 8.9%
      331 7 The stock closes at S$1.77, biggest advance of ST Index Bloomberg [SINGAPORE] Olam International Ltd, the commodity supplier partly owned by Singapore’s Temasek Holdings Pte, rose the most in more than seven months after announcing a buyback of as much as 10 per
      Bloomberg  -  331 words
    • Article, Illustration
      Lock icon PCCW acquires Vodacom’s satellite unit for US$26m
      328 7 Bloomberg [LONDON] PCCW Ltd, the Hong Kongbased phone company controlled by billionaire Richard Li, agreed to buy Vodacom Group Ltd’s satellite-services unit as it builds out its African operations. PCCW Global will pay US$26 million to acquire the carrier unit of Gateway Communications
      Bloomberg; BLOOMBERG FILE PHOTO  -  328 words
    • Article
      Lock icon Prudential’s Asia asset manager to boost US revenue
      193 7 Bloomberg [HONG KONG] Eastspring Investments, the asset management arm of Prudential plc’s Asia unit, aims to lift its US revenue contributions to 33 per cent of its third-party institutional business in five years, according to Dean Winterton, head of institutional business. Mr
      Bloomberg  -  193 words
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      11 5 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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      70 5 IG MARKETS 4 Q. Wh 5?Vc h y_orn i hQre p oyi n 9 so Commission on Singapore share CFDs is just 0.1% with IG lo n? IS DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit You do not own or have
      70 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rebounds on Spain banks’ bailout
      601 6  -  But rise was unconvincing given the low volume; commodity stocks Golden Agri, Noble and Olam still in actives list STOCKS R SIVANITHY Senior Correspondent NEWS of a 100 billion euro (S$160.9 billion) bailout for S p a i n s b a n k
      Source: Bloomberg  -  601 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 1 1 0 0 0 13 1 1 Manufacturing 62 29 35 8 7 8 70 36 43 Commerce 28 14 10 2 2 3 30 16 13 Tpt/Stor/Comms 26 5 5
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 12,304 12,304 65,393 65,393 Manufacturing 223,059 51,488 274,547 137,545 1,877 139,422 Commerce 155,954 3,957 159,911 156,399 177 156,576 Tpt/Stor/Comms 54,366 13,907 68,273 92,879 3,663 96,542 Finance 9,402 9,402 93,826 93,826 Construction 158,593 5,610 164,203 40,259
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.420 +0.005 CapitaLand 2.680 +0.080 CapitaMall 1.800 CityDev 10.000 +0.200 ComfortDelGro 1.460 DBS Grp 13.240 +0.190 F&N 6.620 +0.140 GLP 2.120 +0.090 Genting SP 1.470 +0.035 Golden Agri 0.620 +0.025 HK Land 5.480 +0.070 JMH 50.000 +1.560 JSH 31.400 -0.100 Jardine
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 11 VALUE CLOSE BT OB/OS -140.00 +136.0 BT CADI -*****.00 +162.0 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 645.38 +8.42 FTSE ST Small Cap 424.33 +5.34 FTSE ST All Share 674.41 +11.36 FTSE ST China Top 190.22 +3.80 FTSE ST China 213.73 +2.72 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME PSL Hldgs 89,735,000 Golden Agri 80,110,000 Contel 67,242,000 Noble Grp 53,819,000 Teledata R 39,594,000 Genting SP 36,802,000 Olam 34,134,000 ChasenHldg 31,372,000 GSH Corp 29,529,000 Swee Hong 28,176,000 VALUE($) Noble Grp 60,835,480 Olam 59,435,510 Genting SP 53,883,955 Golden Agri 48,928,728 SingTel 42,955,890 Keppel Corp 40,733,920 Wilmar 37,862,270
      58 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP IS S&P500 ***** 631.0 3.8 DBXT E50 10US$ 3226 339.8 9.0 DBXT Nifty 10US$ 9496 319.3 2.7 GLD 10US$ ***** 270.8 1.4 JMH 5000 199.3 3.2 DBXT MSKorea 10US$ 5328 118.8 1.8 Jardine C&C 4310 95.0 2.3 DBXT MSAsExJp 10US$ 2843 88.1 2.5 Lyxor India
      115 words
    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN Lyxor AsiaMT 10US$ 4776 -1021 -14.3 IS MS India 100US$ 419 -139.2 -20.6 IS MSCI Spore 1175 -117.5 -7.3 DBXT S&P Short 10US$ 3827 -112.4 -2.2 UOB 5.05%NCPS 100 ***** -30.0 -0.3 DBXT USDIGInfl 5US$ ***** -19.2 -0.1 DBXT MSASPAC 10US$ 309 -17.9 -4.3 STXPO
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      765 6  -  Compiled by Lynette Khoo Goodpack Limited June 11 close: $1.715 DBS Group Research, June 11 CLIENT queries on possibility of takeover: A number of clients recently enquired whether Brambles, the world’s leading provider of pallet and container pooling solutions, might be tempted to buy Goodpack. While we are
      May Apr Source: Bloomberg; Source: Bloomberg  -  765 words
    • Article, Illustration
      Lock icon Euro pulls back amid doubts over Spain’s bank bailout
      600 6 CURRENCIES Reuters [LONDON] The euro retreated from a near three-week high against the dollar yesterday as doubts lingered over whether a Spanish bank bailout could solve the country’s debt problems, with markets also cautious ahead of Greek elections at the weekend.
      Reuters; BLOOMBERG  -  600 words
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      2905 7 DUTY FREE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2393E) NOTICE OF ANNUAL GENERALMEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Duty Free International Limited (“the Company”) will be held at 6 Battery Road #10-01 Singapore *****9 on Wednesday, 27 June 2012 at
      2,905 words
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  • SINGAPORE NEWS
    • Article
      Lock icon CTC Travel aborts expansion to focus on core business
      630 8  -  It calls off 2 key acquisitions in view of global economic uncertainties By AUDREY TAN LOCAL travel agency Commonwealth Travel Service Corp (CTC) is grounding its high-flying three-year plans, calling off two key deals amid “global economy uncertainties”. The two key
      630 words
    • Article, Illustration
      Lock icon Pleasure over profit in hunt for treasure: Barclays
      445 8  -  By JASMINE NG WHERE your pleasure is, there is your treasure, so says a Barclays study which found that investors are far more likely to buy treasure assets for personal enjoyment rather than for financial gain. Only a quarter of treasure assets
      445 words
    • Article, Illustration
      Lock icon Singapore most grey in Asean by 2050: report
      665 8  -  32% will be over 65, raising dependancy ratio almost five-fold By MALMINDERJIT SINGH A THIRD of Singaporeans will be more than 65 years old by 2050, which will make it the “greyest” of all the Asean countries. The ageing population conundrum is
      YEN MENGJIIN  -  665 words
    • Article
      Lock icon 23% of employers looking to hire in Q3: poll
      324 8  -  By EDWIN LOH ALMOST one in four employers in Singapore are seeking to hire in Q3 with the public administration and education sector most keen on hiring. Overall, 23 per cent of employers are seeking to increase staff strength with the
      324 words
    • Article, Illustration
      Lock icon Outgoing A-G sees place for Singapore in arbitration’s evolution
      731 8  -  By GRACE LEONG ARBITRATION is going to remain the most important means of international dispute resolution despite potential problems associated with the evolution of the arbitral process, said Singapore’s outgoing Attorney-General, Sundaresh Menon. “I don’t see arbitration as a ze-ro-sum game.
      731 words
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      Lock icon Page 8 Advertisements Column 1
      161 8 Collective Sale of Lam Soon Industrial Building (1) Residential Redevelopment; or (2) Industrial A A (subject to Authority's approval) Huge freehold site: 21,452.7 sm (approx. 230,915 sqft) Regular shape with wide frontage of approx. 200m Master Plan 2008: Residential with plot ratio 1.92 Current Industrial use with GFA of approx.
      161 words
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  • SME Inc
    • Article, Illustration
      Lock icon Taking the world via the Kitchen
      1188 9  -  Award-winning TGE is scaling up quickly and hopes that Singapore could become even more industry-friendly, reports JASLENE PANG reportsJASLENE reportsJASLENE PANG WHILE Singapore may not have managed to build a reputation for itself in the entertainment world comparable to its reputation as a bustling
      AXN  -  1,188 words
    • Article, Illustration
      Lock icon Moving up the value chain
      1020 9  -  Price competitiveness alone seldom offers S’pore enterprises competitive advantage; they will also need to be innovative By By HENG WEE KOON, LAI CHUNG MENG The writers are partner and associate director, respectively, of transaction services, advisory, at KPMG in Singapore. The views expressed are their
      STOCK.XCHNG  -  1,020 words
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      131 9 Have an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details like how much the company has grown, and what sort of expansion plans it has. Send your e-mail to Felda
      131 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Innovating till solution is reached
      1019 10  -  Contractor SH Design Build’s perseverance in using a new method pays off nicely, reports MINDY TAN CONSTRUCTION reportsMINDY reportsMINDY TAN THE main focus has always been about getting the job done, but contractors such as Tan Yeow Khoon, chairman of SH Design Build, see a
      YEN MENG JIIN  -  1,019 words
    • Article, Illustration
      Lock icon Making the most from tech gains
      1256 11  -  Unison Construction’s Tan Soon Kian tells FELDA CHAY of cost-savings from investing in machinery and computer software CONSTRUCTION FELDA CHAYof BEING a small and medi-um-sized firm in the construction industry has not stopped Unison Construction from tapping technology to raise productivity. Like many of
      ARTHUR LEE  -  1,256 words
    • Article
      Lock icon How BIM can be a game changer
      937 11  -  By MINDY TAN THE road to mastering building information modelling (BIM) is arguably a tedious one. There is the monetary component software and hardware investment and there is the manpower training element. That being said, nobody has ever walked away from BIM, a
      937 words
    • Article
      Lock icon Where to go
      254 11 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT WORKFORCE DEVELOPMENT Co-funds cost of selected skills assessment and training courses for tradesmen, foremen, supervisors and PMETs. Workforce Training and Upgrading (WTU) Co-funds undergraduate scholarships in built environment courses. BCA-Industry Built Environment Undergraduate Scholarship Co-funds diploma scholarships and sponsorships
      254 words
  • Page 10 Advertisements
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      757 10 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to
      757 words
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  • ECONOMY WATCH
    • Article
      Lock icon World’s rivers key to economic growth: HSBC
      278 12 Reuters [LONDON] Poor management of water resources could stifle economic growth in some of the world’s most rapidly developing economies, according to research commissioned by banking group HSBC. The study, by consultancy Frontier Economics, estimates that by 2050, the world’s 10 most populous
      Reuters  -  278 words
    • Article, Illustration
      Lock icon Congress takes election detour as US fiscal cliff looms
      996 12 Both political parties awaiting poll verdict before engaging in hard bargaining Reuters [WASHINGTON] If ever there was a case for putting off until tomorrow what could be done today, the deeply divided US Congress and President Barack Obama probably have solid
      Reuters; AP  -  996 words
    • Article
      Lock icon Thai government’s rice stock hits record 15m tonnes
      395 12 Reuters [BANGKOK] Unmilled rice stocks held by the Thai government have jumped to a record 15 million tonnes, Commerce Ministry data showed yesterday, and prices could be forced down if it starts releasing some of the grain into local and overseas markets
      Reuters  -  395 words
    • Article
      Lock icon S-E Asian central banks seen holding off stimulus this week
      775 12 Many Asian nations better prepared than in 2008: analysts Bloomberg [MANILA] Central banks in South-east Asia’s two largest economies meet to set interest rates this week, with officials forecast to hold off on stimulus days before a Greek election at
      Bloomberg  -  775 words
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      944 12 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INTELCHEM COATINGS PTE LTD Company Registration No. *****1153C (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of INTELCHEM COATINGS PTE LTD by Written Means is deemed to be convened and held
      944 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Gas Malaysia makes strong debut
      569 13  -  Impressive start augurs well for offerings by Felda and IHH to be launched soon By PAULINE NG in Kuala Lumpur GAS Malaysia Bhd (GMB) made an impressive debut on the Malaysian market yesterday, its 10 per cent premium over its offer price providing a timely
      569 words
    • Article
      Lock icon ECM selling banking unit to K&N Kenanga
      402 13 Terms of the RM890m deal to be finalised this week Bloomberg [KUALA LUMPUR] ECM Libra Financial Group Bhd is close to selling its investment banking unit to Malaysia’s K&N Kenanga Holdings Bhd for about RM890 million (S$359 million), two people with knowledge of
      Bloomberg  -  402 words
    • Article
      Lock icon M’sia industrial output growth quickens in April
      270 13 Bloomberg [SINGAPORE] Malaysia’s industrial production growth quickened in April as rising demand spurred an increase in output of manufacturing and electricity. Production at factories, utilities and mines gained 3.2 per cent from a year earlier after rising a revised 1.5 per cent in
      Bloomberg  -  270 words
    • Article
      Lock icon Nickel miner seeks to pass on new export tax
      315 13 Reuters [JAKARTA] Indonesia’s Aneka Tambang Tbk (Antam) is in talks with buyers of its nickel ore as it tries to pass on the additional costs of a newly announced export tax, the state-owned miner said on Friday. South-east Asia’s largest economy
      Reuters  -  315 words
    • Article, Illustration
      Lock icon CIMB tipped to be adviser of Astro IPO
      291 13 Reuters [KUALA LUMPUR] Malaysian tycoon Ananda Krishnan has mandated CIMB Investment Bank to advise him on the initial public offering (IPO) of Astro All Asia Networks plc in a deal expected to raise around US$1 billion in the fourth quarter, a source
      Reuters; BLOOMBERG FILE PHOTO  -  291 words
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      13 13 Grow your wealth. Invest in a property in Malaysia Erx B B STPROPERTY.sg
      13 words
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      94 13 SUPER SALE! Firefly BOOK AHEAD. TRAVEL PERIOD TIL MARCH 2013 ALL-IN PRICE FROM SGD ONE WAY Fly from Singapore to Subang Kuantan FireFlL BOOK NOW! Booking Period 12 i/Jun 2012 Travelling Period 16 Jul 2012 30 Mar 2013 Only applicable via Internet Booking. All-in price includes airport taxes and surcharges.
      94 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Jump in lending beats forecasts
      598 14 Accelerated growth in money-supply helps govt efforts to reverse slowdown Bloomberg [BEIJING] China’s new lending in May exceeded analysts’ estimates and mon-ey-supply growth accelerated, aiding Premier Wen Jiabao’s efforts to reverse a slowdown in the world’s second-biggest economy. Local-currency loans were 793.2 billion yuan (S$156.5
      Bloomberg; REUTERS  -  598 words
    • Article
      Lock icon China trade boost could fan tensions abroad
      630 14 NYT [GUANGZHOU] With the domestic economy stumbling badly this spring as construction and retail sales slow, China is unleashing a fresh surge of exports that is preserving millions of jobs in Chinese factories but could fan trade tensions with the West. China’s General
      NYT  -  630 words
    • Article
      Lock icon India could lose its investment grade: S&P
      338 14 Stocks cut gains, rupee skids further after the statement Reuters [MUMBAI] Standard Poor’s said yesterday that India could become the first of the so-called BRIC Brazil, Russia, India and China economies to lose its investment-grade status, sending the rupee and stocks lower, less
      Reuters  -  338 words
    • Article
      Lock icon Banks reluctant to lend to Indian telcos: Moody’s
      510 14 Bloomberg [NEW DELHI] Indian mobile phone companies controlled by billionaire investors are preparing to add to their US$30 billion debt load as the government sells US$7 billion in wireless licences in three months. Sunil Mittal’s Bharti Airtel Ltd, Anil Ambani’s Reliance Communications
      Bloomberg  -  510 words
    • Article, Illustration
      Lock icon Chinese not quite lovin’ it as inflation bites
      422 14 Bloomberg [CHICAGO] Chinese consumers may be losing their appetite for American fast food. On June 8, McDonald’s Corp reported that same-store sales fell 1.7 per cent in Asia-Pacific, the Middle East and Africa in May, the biggest decline since at least 2004.
      Bloomberg; REUTERS  -  422 words
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      109 14 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
      109 words
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      30 14 ASIA-PACIFIC BOATING NOW WITH A NEW-LOOK! GET THE LATEST COPY TODAY Ask your local bookshop or make sure of your copy by subscribing today. Go to www.asia-pacificboating.com or email: sub@bluincmedia.com
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      3650 15 VOLUNTARY UNCONDITIONAL CASH OFFER b y Hcimb CIMB BANK BERHAD (*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of MBT HOLDINGS PTE. LTD. (Company Registration No.: *****4650W) (Incorporated in the Republic of Singapore) to acquire all the issued ordinary shares of EASTERN HOLDINGS LTD (Company Registration No.: *****5390C)
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  • WORLD
    • Article, Illustration
      Lock icon Demand up for pension transfers to insurers
      730 16 Market could be in the tens of billions over the next few years: analysts Reuters [BOSTON] Last week’s deal by Prudential Financial to take on US$26 billion of the retirement liabilities of General Motors (GM) has reignited a part of the American insurance
      Reuters; REUTERS  -  730 words
    • Article
      Lock icon Tesco’s UK sales fall in Q1 as recovery plan struggles
      514 16 Reuters [LONDON] Tesco, the world’s third-biggest retailer, reported a drop in underlying first-quarter British sales yesterday, as a recovery plan following its shock profit warning in January struggles to gain traction. Tesco, with over 6,000 stores in 14 countries, said
      Reuters  -  514 words
    • Article, Illustration
      Lock icon Nadal beats Djokovic to bag his 7th French Open title
      499 16 AFP [PARIS] Rafael Nadal described his record-setting seventh French Open triumph as an “unforgettable” moment after the Spanish world number two defeated Novak Djokovic 6-4, 6-3, 2-6, 7-5 in yesterday’s final. Victory took Nadal past the six Roland Garros titles
      AFP  -  499 words
    • Article
      Lock icon European insurers’ solvency deteriorating
      252 16 Industry has also taken a hit to its capital reserves Reuters [LONDON] European insurers’ solvency is deteriorating because of persistently low interest rates and market turmoil triggered by the eurozone debt crisis, the region’s insurance regulator said yesterday. Europe’s top 20 insurers are in good overall
      Reuters  -  252 words
    • Article
      Lock icon Greek party chiefs fear election deadlock, urge alliance
      581 16 Sunday’s poll could decide Greece’s future in the euro Reuters [ATHENS] Leaders of Greece’s two traditional ruling parties warned on Sunday of political stalemate after parliamentary elections next week and called for a government of national unity to prevent a repeat of
      Reuters  -  581 words
    • Article, Illustration
      Lock icon Tougher insider trading rules sought for Japan
      694 17 Individuals not charged, penalties still too lax; one firm fined just S$800 Reuters [TOKYO] Japan’s securities watchdog flexed its muscles by fining a foreign financial institution for insider trading for the first time, but punishments overall remain modest by global standards, sparking calls
      Reuters; BLOOMBERG  -  694 words
    • Article, Illustration
      Lock icon Ex-Goldman director not taking the stand
      395 17 Rajat Gupta decides against testifying in his own defence Reuters [NEW YORK] Former Goldman Sachs Group Inc board member Rajat Gupta, on trial over insider trading charges, has decided not to take the risk of testifying in his own defence, two days after his
      Reuters  -  395 words
    • Article
      Lock icon Greek turmoil threatens Wall St earnings yet again
      927 18 Deal volume has dropped and equity and credit markets have fallen Bloomberg [NEW YORK] Wall Street bankers and traders, given hope by a market rebound in the first quarter, are now seeing earnings and pay cheques threatened by turmoil in Greece in
      Bloomberg  -  927 words
    • Article, Illustration
      Lock icon Hamilton storms to third Canadian Grand Prix win
      790 18 He is only the 3rd F1 driver to win in Canada three times Reuters [MONTREAL] Montreal may have overtaken the glamorous streets of Monaco as Lewis Hamilton’s special race after the McLaren driver celebrated a hattrick of Canadian Grand Prix victories on
      Reuters; AP  -  790 words
    • Article
      Lock icon Two prominent economists are BOJ nominees
      501 18 Morgan Stanley’s Sato is advocate of aggressive easing Reuters [TOKYO] Two prominent economists, including a vocal advocate of aggressive monetary easing, are the new nominees for empty seats on the Bank of Japan’s nine-member policy council after lawmakers rejected an earlier candidate for not
      Reuters  -  501 words
    • Article
      Lock icon UnitedHealth vows to keep reform provisions
      244 18 Reuters [NEW YORK] UnitedHealth Group Inc, the largest US health insurer by market value, said it would maintain the health coverage protections included in President Barack Obama’s healthcare law regardless of how the Supreme Court rules on the legislation. The Supreme Court is expected
      Reuters  -  244 words
    • Article
      Lock icon Japan approves restart of nuclear power plants
      532 18 However, polls show 70% of Japanese oppose atomic energy Bloomberg [TOKYO] A panel of Japanese scientists reported that two nuclear reactors idled for safety checks are safe to operate, giving Prime Minister Yoshihiko Noda the approval he needs to restart the units. After
      Bloomberg  -  532 words
    • Article
      Lock icon Opec seen sticking to output quotas
      785 19 Prices fall as Europe’s debt crisis and China’s slowing growth curb fuel demand Bloomberg [LONDON] For the first time in a decade, Opec will maintain oil-output quotas while prices plunge as Europe’s debt crisis and China’s slowing growth curb fuel demand. The Organization of
      Bloomberg  -  785 words
    • Article
      Lock icon US firms’ Q2 revenue growth seen slumping
      885 19 Euro crisis, India, China slowdowns hit top lines: S&P Reuters [NEWYORK] US companies are finding it more difficult to grow their revenue now than at just about any time since the financial crisis. Second-quarter revenue growth for companies in the Standard Poor’s 500
      Reuters  -  885 words
    • Article
      Lock icon Dimon to testify before Congress over trading losses
      525 19 Some call public stir an overreaction to a minor misstep Bloomberg [NEW YORK] JPMorgan Chase Co chief executive officer Jamie Dimon plans to testify before Congress this week about his firm’s US$2 billion trading loss. His Wall Street colleagues don’t understand why.
      Bloomberg  -  525 words
    • Article, Illustration
      Lock icon Folies Bergere cabaret costumes go on sale in Paris
      418 19 AFP [PARIS] From French cancan dresses to plumed headdresses, an auction of extravagant costumes by the long-time owner of the Folies Bergere cabaret beat expectations at the weekend. Nicknamed the “empress of the night”, Helene Martini ran the Folies Bergere Paris’s
      AFP; PHOTOS: AFP  -  418 words
    • Article
      Lock icon Chesapeake shareholders ramp up calls for CEO to step down
      525 19 US$2.6b in the company’s market value has been wiped out so far this year Bloomberg [CHICAGO] Chesapeake Energy Corp’s efforts to defuse a shareholder revolt over chief executive officer Aubrey McClendon’s personal finances and management missteps have intensified calls for
      Bloomberg  -  525 words
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      2779 17 EUNETWORKS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5625E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of EUNETWORKS GROUP LIMITED (the “Company”) will be held at Wangz Business Centre, 7 Temasek Boulevard, The Penthouse, #44-01, Suntec Tower One, Singapore
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  • EDITORIAL & OPINION
    • Article
      Lock icon Making tax increases more palatable
      490 20 EDITORIAL BALANCING books is tricky business, all the more so when the accounts concern the future of millions of citizens. To spend more on social programmes, Singapore will need to boost revenues by raising taxes. Prime Minister Lee Hsien Loong said as much in a
      490 words
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      Lock icon Instant information costing us our humanity
      812 20  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. E-mail: david.mason466@btinternet.co FOR the last
      812 words
    • Article, Illustration
      Lock icon Singapore should seize yuan opportunity
      1005 20  -  China has taken a number of steps towards the liberalisation of its exchange rate By ALEX HUNGATE The writer is group general manager and chief executive officer in Singapore for HSBC WITH China’s leadership change now just around the corner, it was encouraging to see
      REUTERS  -  1,005 words
    • Article, Illustration
      Lock icon Significance of sustainability reporting
      931 21  -  Only a CEO can appreciate its importance best, given its overarching impact across the organisation’s operations By K SADASHIV The writer is partner, climate change and sustainability services, at Ernst Young LLP IN the face of mounting pressure to be transparent in all aspects of a
      REUTERS  -  931 words
    • Article, Illustration
      Lock icon What traders’ testosterone tells us about markets
      1034 21  -  By MARK BUCHANAN The writer, a theoretical physicist and the author of ‘The Social Atom: Why the Rich Get Richer, Cheaters Get Caught and Your Neighbour Usually Looks Like You is a Bloomberg View columnist. The opinions expressed are his own AN UNUSUAL
      REUTERS  -  1,034 words
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  • AVIATION
    • Article, Illustration
      Lock icon 4,100 widebody planes seen added in next 20 years: study
      655 22  -  China single biggest buyer, with fleet to be three-and-a-half times its size now Reports by VEN SREENIVASAN in Beijing THE sale of widebody planes will outstrip every other category in the next two decades, with China accounting for the bulk
      REUTERS  -  655 words
    • Article
      Lock icon Carriers manage capacity to stay in black: Iata
      373 22  -  But influx of new aircraft deliveries may change balance By VEN SREENIVASAN in Beijing AIRLINES in the Asia-Paci-fic and North America have tried to stay profitable by managing capacity and utilising their assets as fully as possible. An influx of new aircraft
      373 words
    • Article
      Lock icon Iata launches passenger data system
      485 22 THE International Air Transport Association (Iata) yesterday launched its own passenger database system and announced plans for a new distribution system standard for airlines. The Direct Data Service (DDS) provides airlines with critical information on travel patterns. Data is obtained directly from airlines themselves, thus
      485 words
    • Article
      Lock icon China to build 70 new airports by 2015
      320 22 AFP [BEIJING] China will build 70 new airports within the next three years, the head of the country’s aviation watchdog said yesterday, as part of ambitious expansion plans in the industry despite an economic slowdown. Civil Aviation Administration of China (CAAC) chief
      AFP  -  320 words
    • Article, Illustration
      Lock icon Airbus says A380 wing-crack repairs to take eight weeks
      462 22 Bloomberg [BEIJING] Airbus SAS said airlines flying the A380 double decker will need to ground their planes for as long as eight weeks when the wings undergo permanent repair work that is more complex than an interim fix being done now.
      Bloomberg; BLOOMBERG  -  462 words
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      32 22 LIANHE ZAOBAO With puny rates on savings share market lull Better to invest in corporate bonds or stocks? fk iS Ik 2lk in sgmiisii? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      284 22 CRYPTIC CROSSWORD Across 7 Perform with partner keeping in control (8) 9 Still Caledonian’s first dressed in tartan (6) 10 Pull in female dress (4) 11 Unbeliever ends in penitent suffering getting thinner (10) 12 Where, with volume, a yodel comes back? (6) 14 Go abroad, it’s grand in Abu
      284 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Banks seize seven Dongfang tankers
      382 23 Chinese banks and Credit Suisse pursuing US$250m from shipbuilder Reuters [SINGAPORE] Credit Suisse and a group of Chinese banks have seized seven of Dongfang Shipbuilding’s tankers for outstanding debts of around US$250 million after the Singapore Supreme Court ruled in favour of the creditors, a
      Reuters; REUTERS  -  382 words
    • Article
      Lock icon China yards fail to win Greek orders
      502 23 Bloomberg [LONDON] Chinese ship yards are failing to find new work 20 months after Premier Wen Jiabao sought to encourage ordering by pledging US$5 billion of loans to Greek vessel owners, who control the world’s biggest merchant fleet. The move by state-run banks
      Bloomberg  -  502 words
    • Article
      Lock icon Oil tanker supply seen at year high as US demand wanes
      360 23 National stockpiles of fuel up the most since December Bloomberg [LONDON] The supply of tankers available to haul European petrol across the Atlantic Ocean is set to reach the highest level in at least a year amid slumping US
      Bloomberg  -  360 words
    • Article
      Lock icon Ivory Coast seeks to triple capacity at main port
      295 23 Reuters [ABIDJAN] Ivory Coast’s main port of Abidjan aims to nearly triple annual container capacity to 2.3 million units by 2016 to keep up with regional competitors following a decade of neglect, the port’s director said. The port authority opened bidding
      Reuters  -  295 words
    • Article
      Lock icon Box rates profitable again: Maersk
      429 23 Reuters [COPENHAGEN] Container shipping freight rates are profitable again and could rise further if trade picks up over the summer, the head of AP Moller-Maersk, the Danish shipping and oil group, said. The recovery in rates could signal a brighter outlook for the global shipping
      Reuters  -  429 words
    • Article, Illustration
      Lock icon LNG tanker prices hold steady
      465 23 Limited competition from China builders benefits S Koreans Bloomberg [HONG KONG] Liquefied natural gas tankers, the most expensive type of vessel, have avoided a slump in new ship prices because of rising Asian gas demand and limited competition from Chinese shipbuilders. Prices for tankers able
      Bloomberg; BLOOMBERG  -  465 words
    • Article
      Lock icon TRANSPORT STOCKS
      250 23 SGX '000 Jun 11 S$ +/-Vol CH Offshore 0.41 0.01 17 Chuan Hup Hldg 0.21 unch 45 Cosco Corp 1.02 0.04 5374 s$ Ezra Hldgs 0.93 0.03 3227 First Ship Lea 0.17 unch 180 Freight Links 0.06 unch 306 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      250 words
    • Article
      Lock icon The Business Times Shipping times
      1976 24 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 Destination STXPO
      1,976 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      36 23 SINGAPORE'S HOTTEST HITS Is N\ f T m '‘-C's, •'•V' mm f! PS? i !V.« V. 15 mMM ■■nil! !«S an- t-J JlWWtl&iUtl" M ■f/yji "A- r: HEAR JUSTIN BIBBER’S HOTTEST HITS ON 31.3FM f913FM| ngnwnyg
      36 words
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      17 24 <]*[/`%$/?%,^=|.@.+&-&\$,&>_{^] FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      Lock icon Page 24 Advertisements Column 2
      27 24 Experienced sh/p maintenance M your services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times III. UUJII1LJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2745 25 Transaction date: Jun 11 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 114 +1.5 237 114 113 113.5 114 7.3 10.9
      2,745 words
    • Article
      Lock icon SGX CATALIST
      184 26 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 4.6 1.3 t Advanced System 2 unch 129 2 2 2 2.1 26.5 Last Quote Div Gr Yld Net M Cap High
      184 words
    • Article
      Lock icon GLOBALQUOTE
      205 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A31 +1 6 31 31 30 34.5 3.6 11.3 2.5 80.7 46 25.5 Genting HK US$ US33.5 +0.5 2819 34 33 33 33.5 2205.8
      205 words
    • Article
      Lock icon SGX ETF
      943 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119.5 2 119.5 119.5 118.5 119.5 545.5 103 95.8 CIMB APAC Div 100US$ US96 95 10.1 1261 856 CIMBAsean40 100US$
      943 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8073 26 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 Cxy SD Bond ...1.0043/ China Opportunities 2 636/
      8,073 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      613 27 Jun 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8612.14 8665.80 8594.58 Sep12 8440.00 8650.00 8385.00 8595.00 *****4 *****2 Dec12 8535.00 1 5920 MSCI TAIWAN INDEX FUTURES SPOT 251.30 254.54 251.30 Jun12 247.90 254.90 247.20 253.10 ***** *****0 Jul12 241.20 248.30 241.20 247.50 136
      613 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 8 Index Change Change Change Change Change Change World Preliminary 841.1 -0.2 1.4 0.3 -0.7 -0.5 0.2 EAFE Preliminary 667.3 -0.7 -2.2 -0.5 -5.6 -1.3 -4.8 Europe Preliminary 996.1 -0.2 -3.0
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      125 27 As on 8 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1580.00 1573.20 1591.50 8 INDIA GOLD (E-GOLD) FUT AUG2012 527.25 521.20 530.50 51 CURRENCY EUR-USD FUT JUN2012 1.2524 1.2449 1.2511 2390 BASE METAL COPPER FUT JUL2012 7302 7232
      125 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Jun 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1426.25 1428.00 1439.00 1408.25 Aug 12 1400.50 1406.25 1410.75 1384.75 Sep 12 1362.00 1370.25 1368.75 1347.00 Nov 12 1332.50 1341.25 1340.50 1315.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 49.46
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Jun 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.49 -2.22 WTI (Near Mth) 84.50 0.31 Dubai (1-Mth F) 94.98 -1.93 Tapis blend 104.08 -2.65 Minas 104.98 -2.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.89 -3.78 Jet Kerosene 111.01 -2.09 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon USS/SS FORWARD RATES
      22 27 Jun 11 S$ Bid Offer 1-month 1.2773 1.2775 2-months 1.2772 1.2775 3-months 1.2769 1.2772 6-months 1.2754 1.2759 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 27 Jun 8 Jun 8 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1948.00 1955.50 3 months 1985.00 1993.00 Copper, Grade A(US$/tonne) Cash 7283.00 7488.00 3 months 7295.00 7495.00 Lead(US$/tonne) Cash 1887.50 1900.75 3 months 1902.00 1917.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      Lock icon LIFFE
      80 27 Jun 8 COCOA (£/tonne) Close Prev High/Low Jul 12 1530 1521 1545/1512 Sep 12 1521 1511 1537/1504 Dec 12 1502 1497 1517/1486 Mar 13 1480 1476 1494/1461 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2074 2123 2120/2062 Sep 12 2078 2127 2121/2070 Nov 12 2072 2117 2110/2062 Jan 13 2048
      80 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Jun 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 6.353 0.791 7.739 55.197 94.214 0.794 11.631 3.160 1.285 94.054 42.828 1.274 8.266 0.950 29.828 31.491 0.641 0.998 Canada 0.981 6.231
      470 words
    • Article
      Lock icon SIBOR
      58 27 Jun 11 (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$) 1 yr 0.*****
      58 words
    • Article
      Lock icon PRECIOUS METALS
      134 27 Jun 11 GOLD(US$/oz) Jun 11 Jun 08 Hong Kong 1607.00 1480.80 Jun 08 Jun 08 Jun 07 London 1586.01 1591.79 1586.78 1592.78 Source: Thomson Reuters CAST BAR Jun 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 66 5gm 448 328 10gm
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 27 Jun 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 13-Sep-12 0.27 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-14 100.11 100.14 100.12 5-Year N*****0Z 2.375 01-Apr-17 108.70 1-Year 10-Year
      87 words
    • Article
      Lock icon PALM OIL
      53 27 Jun 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2944.0 935 Jul 12 3020.0 2973.0 3020.0 2983.0 1128 ***** Aug 12 3015.0 2973.0 3028.0 2983.0 ***** ***** Sep 12 3012.0 2970.0 3025.0 2986.0 9338 *****
      53 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2739 1.2746 0.9973 0.9977 Canadian dollar 1.2494 1.2498 0.9782 0.9783 Euro 1.6105 1.6112 1.2609 1.2612 NZ dollar 0.9912 0.9920 0.7760 0.7765 Sterling pound 1.9874 1.9886 1.5559 1.5566
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jun 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.277 1.217 Euro 1.649 1.571 Sterling pound 2.020 1.943 NZ dollar 1.018 0.970 US dollar 1.295 1.246 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Jun 11 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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 1.00 0.80 12
      154 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1292 27 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 1 146 329 8.75 23 Conv Ratio Baker Technology Ltd W*****6 1.6 1 32 18 17.81 5 BakerTech W*****5 4.8 0.4 1601 1 27 12 5.94 36
      1,292 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Manhattan rent-buy gap at 6-year low
      1251 28 If trend continues, more renters are expected to jump into homeownership Bloomberg [NEW YORK] Andy Queen and his wife have been apartment renters in Manhattan since selling their home in 2006, when prices were climbing to their peak. They jumped back into the buyer’s
      Bloomberg; BLOOMBERG  -  1,251 words
    • Article
      Lock icon London Mayfair, St James’s offices becoming homes
      517 28 Bloomberg [LONDON] Landlords in Mayfair and St James’s, two of London’s most expensive neighbourhoods, are exploiting a shrinking supply of new or refurbished office space to charge hedge funds and financial firms the highest rents in three years. Offices are being converted into
      Bloomberg  -  517 words
    • Article
      Lock icon The art of keeping land idle in China
      837 29  -  Beijing revises rules but enforcing them against developers is another issue By VIVIAN CHUNG EJ Insight [HONG KONG] Art collectors love to buy ancient artworks and put them inside their storerooms. After some time, their value and prices appreciate, enabling their owners
      EJ Insight  -  837 words
    • Article, Illustration
      Lock icon Foreign buyers seen as major players in Toronto condo boom
      903 29 Reuters [TORONTO] Talking about Toronto’s condo craze has become something of a sport for residents of Canada’s largest city, where soaring property prices and a forest of construction cranes have fed speculation of a property bubble. But the big question
      Reuters; REUTERS  -  903 words
    • Article
      Lock icon New suburbans now at prime resale prices
      870 30  -  Market watchers say savvy buyers may start due diligence for a prime unit By MICHELLE TAN [SINGAPORE] The price gap between new suburban homes and secondary prime property has been narrowing as buying euphoria escalates prices of the former. For instance, one-bed-room units
      870 words
    • Article
      Lock icon Henderson Land to sell more homes
      421 30 Bloomberg [HONG KONG] Henderson Land Development Co, Hong Kong’s fourth-biggest builder, will accelerate apartment sales as home prices in the city slow this year, the company’s billionaire chairman Lee Shau-kee said. “Every developer is rushing to sell homes right now,” Mr Lee told reporters
      Bloomberg  -  421 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      321 28 FOR SALE 700 BEACH ROAD SINGAPORE Modern, stylish 8-storey office building Sale by Expression of Interest Closing date: 3pm, Thursday 5 July 2012 o Jones Lang LaSalle Real value in a changing world Beach Road growth corridor Adjacent to Nicoll Highway MR! 100% occupied high quality tenants Strata area 67,429
      321 words
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      Lock icon Page 28 Advertisements Column 2
      127 28 »R SALE ST i V V THE TWILIGHT HOUSE That Conservation Like No Other It looks wonderful ot Twilight. It screams romance. Incredibly other-worldly. Welcome to our Twilight House. Just as sensational as that other Twilight and just as world class. If you think outside the box, love the artful
      127 words
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      112 28 FOR LEASE Class *****,80,000sqft B1 clean, light industrial office space Ideal for Research Development activities DataCentre usage Excellent Security, Premises suitable for Corporate Headquarters Provision of High Tension electrical supply to 48,000amp Viewing by appointment only Arthur Lee BS 9070 2213 (Salesperson Reg. No.: R*****7J) DTZ Debenham Tie Leung (SEA)
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      109 29 (L*****36J) COMMERCIAL PRIME SHOP AT BEAUTY WORLD CENTRE Shop unit facing escalator main shopping corridor Floor area: 9,354sf; Title: 99-year wef 1979 Within popular shopping hub, opposite Beauty World MRT Station Ideal for investment or own use EXPRESSIONS OF INTEREST Closing 20 June 2012 (Wed), 3.00pm Mary Sai 9388 7879
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      183 29 Dream office, fully equipped, perfect price? Yes. Offices from $25 per person per day xi Regus Work your way New centre: Tanjong Pagar 77 Robinson Road, #34-00 Robinson 77, Singapore Other locations in Singapore: Asia Square Centennial Tower One Fullerton One Raffles Place Samsung Hub DOB Plaza 1 Centre 1
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      89 29 Knight Frank n s i&i i i&Sis iSife I r> >' :>#:;•. ■■SrJ&'L*': ;V, ?Sr» -•<T W- v .v; |p v'.For Sale by Expressions of Interest, closing Thursday 28 June 2012 Prime Corner Location 80 Mount Street, North Sydney, Australia Easily sub-divisible floors with three sides of natural light Multi
      89 words
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      106 30 LOUIS VUITTON >*v rs m I m ;v zj. a > /> '^c cr lr X a o n f o s mwirro O >v v 00(; 3OO 60 03 '5 V .0 1 >> 250 80 DM > i\ 60\^ X 00 T3 ft5 30 30 '9 0 LQ
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