The Business Times, 27 June 2012
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2012-06-27
1
40
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section25 2012-06-27 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, June 27, 201225 words
-
Article, Illustration1221 2012-06-27 1 EMILYN YAP - $23m financial irregularities alleged; church funds used to support wife’s music career By EMILYN YAP [SINGAPORE] Alleged fake donations, tithe transfers and a hidden private fund. A more than two-year inquiry into City Harvest Church (CHC) has uncovered financial irregularities of at least1,221 words
-
MARKETS DIGEST
-
Article110 2012-06-27 1 HST INDEX 2,805.63 (-9.63) HST INDEX FUTURES 2,806 (-9) HSIMSCI 323.12 (-1.17) HSIMSCI FUTURES 322.80 (-0.80) US$ S$ US$ (S$ per US$) 1.281 (US$/S$ per 1.561 2.000 EURO (US$/S$/E) 1.252 1.603 Foreign currency per US$ S$ YEN 79.50 62.10 RM 3.194 2.493 HK$ 7.759 6.057 BAHT 31.81 24.84 RUPIAH110 words
-
Article17 2012-06-27 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.524 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
-
-
702 2012-06-27 1 NEETA LAL - By NEETA LAL By in New Delhi AS Finance Minister Pranab Mukherjee, 77, bows out of active politics to stake a claim to the largely ceremonial office of president of India, his three-year captainship of one of the country’s most crucial ministries has702 words
-
Page 1 Advertisements
-
Advertisement89 2012-06-27 1 COMPANIES Tuan Sing gunning for bigger presence in hotel market PAGE 4 *****1 *****4 “POINCON DE GENEVE” EXHIBITION Exceptional exhibition from June 19 to July 2, 2012 at the Chopard boutique, Ngee Ann City, #01-03. Opening hours 10:00 am to 9:30 pm, Monday to Sunday. For more details, please call89 words
-
Advertisement7 2012-06-27 1 STRAIT TALK Gibraltar marks time PAGE 177 words
-
Advertisement11 2012-06-27 1 LAND TRANSPORT Upgraded C180 may impact Cat A COE PAGE 1911 words
-
Advertisement13 2012-06-27 1 EXEC MONEY Not a pretty picture, but let’s keep the faith PAGE 2813 words
-
-
TOP STORIES
-
Article537 2012-06-27 2 City Harvest Church founder faces the music FAKE donations, tithe transfers and a hidden private fund. A two-year inquiry into City Harvest Church has uncovered financial irregularities of at least $23 million, with funds going to support the music career of Ho Yeow Sun, wife of CHC’s founder537 words
-
Article, Illustration570 2012-06-27 2 Reuters [BEIJING] China’s exports growth in June is matching the pace seen in May and will pick up in coming months, the commerce ministry said yesterday as it predicted that the country can meet its full-year target of boosting exports by 10 perReuters; REUTERS - 570 words
-
560 2012-06-27 2 WANG XIN MIN - Result driven largely by a 39.1% growth in pharmaceuticals output: analysts By WANG XIN MIN [SINGAPORE] Singapore’s manufacturing output grew 6.6 per cent in May 2012 on a year-on-year basis, reversing the contractionary trend seen over the past two months prior to May,560 words
-
881 2012-06-27 2 TEH SHI NING - Questions have been raised about Ho’s sexy videos, dressing By TEH SHI NING AS early as 2003, City Harvest Church (CHC) founder Kong Hee had stepped into controversy in getting people to “cross over”. In January that year, businessman Roland Poon publicly alleged that881 words
-
Article, Illustration408 2012-06-27 2 GRACE LEONG - By GRACE LEONG [SINGAPORE] Former Singapore Press Holdings (SPH) senior executive Peter Khoo Chong Meng, who is accused of stealing shopping vouchers and taking kickbacks, was charged yesterday with eight counts of corruption and two counts of criminal breach of trust. Khoo, 49,CHEW SENG KIM/THE STRAITS TIMES - 408 words
-
Article, Illustration1001 2012-06-27 3 KENNETH LIM - But uncertainties in Europe may crimp otherwise robust pipelines By KENNETH LIM [SINGAPORE] Opportunistic capital raising and hungry investors about the region drove Singapore corporate debt issuance at a record pace in the first half of 2012 despite a slight slowdownSource: Thomson Reuters - 1,001 words
-
486 2012-06-27 3 SIOW LI SEN - BI may allow foreign majority ownership on financial strength By SIOW LI SEN [SINGAPORE] There is fresh optimism that DBS’s bid for Indonesia’s Bank Danamon might just get the nod, based on the latest signals sent out by Indonesia’s central bank. Bank Indonesia is486 words
-
-
Page 2 Advertisements
-
Advertisement89 2012-06-27 2 SAVERS 2- WEEKEND MALACCA CRUISE Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call; Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 Ports-of-call; Singapore, Kuala Lumpur (Port Klang), Phuket 5-89 words
-
-
Page 3 Advertisements
-
Advertisement155 2012-06-27 3 ®TOYOTA iW FIRST CLASS TRAVEL 1 SE 1 WM PH TRAVEL AT THE HEIGHT w OF YOUR EXPECTATIONS. i Indulge in a first class be treated to a $15,000 overtrade. The Alphard represents the epitome of luxury, a private sanctuary in which you’ll find only our most exquisite craftsmanship. Captain155 words
-
-
COMPANY NEWS
-
Article, Illustration1146 2012-06-27 4 KALPANA RASHIWALA - It’s also eyeing property development in Singapore, China, Indonesia and Australia Reports by KALPANA RASHIWALA TUAN Sing Holdings which has a 50 per cent stake in two Australian hotels is looking to spread its wings in the hotel sector in AustraliaARTHUR LEE - 1,146 words
-
625 2012-06-27 4 TUAN Sing CEO William Liem draws knowledge about business and life from his parents. His father is Sjamsul Nursalim, also known as Liem Tek Siong and Lim Tek Siong, and his mother is Go Giak Lian. The couple are in their late 60s, semi-retired625 words
-
593 2012-06-27 5 JOYCE HOOI - It will continue with digital buys, look for new data pricing models By JOYCE HOOI SINGAPORE Telecommunications (SingTel) will continue making acquisitions in the digital market and continue looking for new data pricing models, it said in its latest annual report for the financial593 words
-
824 2012-06-27 5 LYNN KAN - HOCK LOCK SIEW By LYNN KAN WOES in Greece and the dry bulk shipping sector have simultaneously, and finally, washed up on the shores of Singapore-list-ed shipbuilder Yangzijiang. Last week, the Chinese yard acknowledged that two bulk carriers were cancelled by its buyer. Nasdaqlisted824 words
-
299 2012-06-27 7 Bloomberg K-REIT Asia, the Singapore office landlord partly owned by Keppel Corp, climbed to the highest in more than nine months after saying it bought an additional stake in Ocean Properties. The stock rose 2.9 per cent to $1.055 at the closeBloomberg - 299 words
-
Article467 2012-06-27 7 SIOW LI SEN - More back office operations may be moved to Singapore, say executives By SIOW LI SEN ING Bank is investing aggressively to expand its global transaction services (GTS) business and this could mean moving more of its back office operations to Singapore. A large part of467 words
-
-
Page 4 Advertisements
-
Advertisement94 2012-06-27 4 RYE TOUR PLACE AMONG THE VERT BEST The top tables at the prestigious 7th Singapore Corporate Awards presentation and gala dinner, to be held on Tuesday, 17 July 2012 at The Ritz Carlton, Millenia Singapore, are now open for booking. Please call Christine Ang at *****119 or email angicc@sph.com.sg. Singapore94 words
-
-
Page 5 Advertisements
-
Advertisement186 2012-06-27 5 s Foreign Investment Law ■S Condominium Law ■S Legal Aspects •S Investment Update •S Foreign Exchange Opportunities Urban Redevelopment Telecommunication Shipyard/Ship Building Hotel Tourism Oil Gas Port Development Trade policy Property Development Investment 6 th Myanmar Business Conference 2012 Hear From Officials 16 17 July 2012, Orchard Hotel, Singapore Conference186 words
-
-
SINGAPORE MARKETS
-
Article, Illustration567 2012-06-27 6 R SIVANITHY - ST Index ends 9.6 points lower on Europe markets’ weak opening, after positive showing at HK close STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index’s (STI) movements yesterday were dependent on rises and falls in Hong Kong’s Hang Seng Index (HSI) until 4pm,Source: Bloomberg - 567 words
-
Article66 2012-06-27 6 Jun 26 VALUE CLOSE BT OB/OS 252.00 +59.00 BT CADI -*****.00 +26.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 664.85 +3.68 FTSE ST Small Cap 440.50 +3.24 FTSE ST All Share 682.43 -0.94 FTSE ST China Top 194.47 +0.95 FTSE ST China 218.07 +0.36 FTSE66 words
-
Article55 2012-06-27 6 VOLUME Maxi-Cash 80,890,000 GSH Corp 72,477,000 ChinaTaisan 64,574,000 Golden Agri 57,751,000 Noble Grp 51,553,000 Interra 43,445,000 Sky One 31,912,000 Lorenzo 31,305,000 Genting SP 30,363,000 Aussino 28,709,000 VALUE($) Noble Grp 56,899,407 SingTel 54,146,016 Genting SP 42,869,590 Maxi-Cash 37,519,405 Golden Agri 36,804,110 CapitaLand 36,542,045 SembMar 34,710,749 Sakari 32,891,850 DBS55 words
-
Article186 2012-06-27 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 5 0 0 0 3 7 5 Manufacturing 42 45 36 6 2 8 48 47 44 Commerce 17 17 13 3 4 4 20 21 17 Tpt/Stor/Comms 15 10 14186 words
-
Article, Illustration905 2012-06-27 6 LYNN KAN - Compiled by LYNN KAN Hyflux June 26 close: S$1.315 DBS Group Research, June 26 HYFLUX is one of the seven pre-qualified groups to remain in the running for the independent water project (IWP) in Oman. Partnering with Hyflux are Mitsui Corporation and Al Tahir Group. We believe HyfluxSource: Bloomberg - 905 words
-
Article120 2012-06-27 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,122 26,122 50,522 50,522 Manufacturing 245,520 49,982 295,502 172,604 2,180 174,784 Commerce 227,720 3,691 231,411 123,873 340 124,212 Tpt/Stor/Comms 64,514 32,350 96,864 106,089 9,163 115,253 Finance 9,508 80,890 90,398 89,020 37,519 126,540 Construction 41,648 4,460120 words
-
Article111 2012-06-27 6 Stock name Close Change CapMallsAsia 1.490 +0.010 CapitaLand 2.650 +0.010 CapitaMall 1.840 +0.030 CityDev 10.560 ComfortDelGro 1.510 +0.010 DBS Grp 13.530 -0.120 F&N 6.700 -0.100 GLP 2.060 +0.020 Genting SP 1.410 -0.005 Golden Agri 0.640 +0.010 HK Land 5.570 +0.050 JMH 48.460 -0.180 JSH 29.850 -0.090111 words
-
Article, Illustration432 2012-06-27 6 CURRENCIES Reuters [NEW YORK] The euro fell to twoweek lows against the US dollar and yen yesterday, as Spanish bond yields rose and hopes faded that a European summit would make progress in resolving the region’s debt crisis. But further losses ahead ofReuters; BLOOMBERG - 432 words
-
Article111 2012-06-27 6 BY CENTS CLOSE UP GLD 10US$ ***** 190.8 1.0 DBXT MSUSA 10US$ 3188 60.2 1.5 DBXT S&P Short 10US$ 3885 24.3 0.5 Hyflux 6% CPS 10 ***** 15.0 0.1 IS ASIA BND 100S$D 1299 11.0 0.9 DairyFarm 1050 10.3 0.8 Spore Land 552 10.0 1.8 OCBC Bk 4.5%NCPS 100111 words
-
Article119 2012-06-27 6 DAILY BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9117 -221.6 -1.9 DBXT MSEurope 10US$ 3912 -138.3 -2.7 IS S&P500 ***** -73.0 -0.4 Jardine C&C 4331 -67.0 -1.5 JMH 4846 -23.1 -0.4 DBXT MSTaiwan 10US$ 1592 -19.2 -0.9 Lyxor China H 10US$ 1220 -19.2 -1.2 DBXT MSINDIA 10US$ 730 -15.4119 words
-
-
Page 7 Advertisements
-
Advertisement3687 2012-06-27 7 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0078R NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Fortieth Annual General Meeting of Singapore Airlines Limited (“the Company”) will be held at the Marina Mandarin Ballroom,3,687 words
-
-
SINGAPORE NEWS
-
660 2012-06-27 8 MINDY TAN - Low interest rates, higher liquidity to buoy mass-market, shoebox demand By MINDY TAN EVEN as the gap between high-end and mass market residential prices hits a nine-year low, high-end prices are forecast to fall between 10 and 20 per cent in660 words
-
Article, Illustration440 2012-06-27 8 GLENN CHOO - New toilet generates power and fertiliser from waste matter By GLENN CHOO SCIENTISTS at Nanyang Technological University (NTU) have invented a game-changing toilet system that will turn human waste into electricity and fertiliser, on top of reducing the amount of water needed for440 words
-
SINGAPORE ROUNDUP
-
101 2012-06-27 8 PRIVATE healthcare group Parkway Pantai Limited (PPL) has set up a $2 million scholarship fund to provide financial assistance to needy medical undergraduates at the National University of Singapore’s Yong Loo Lin School of Medicine. The gift, coupled with a government matching grant, will101 words
-
103 2012-06-27 8 CITY Gas Pte Ltd and Osaka Gas Co will explore the development of a joint venture to sell natural gas to industrial users in Singapore. The joint study involving technologists and professionals from Japan and Singapore is led by Osaka Gas president103 words
-
-
570 2012-06-27 8 MINDY TAN - Low interest rates, new strata supply buoy sales market By MINDY TAN OFFICE capital values could fall 5 per cent for the whole of 2012, according to Colliers International’s latest quarterly research report. The average capital values of Grade A office space570 words
-
398 2012-06-27 8 VICTORIA HO - By VICTORIA HO FREELANCERS and fulltime media workers are about to benefit from a new training fund. Starting July 1, the Media Development Authority (MDA) is putting in $20 million towards training. $15 million of the funding is going under its “talent398 words
-
424 2012-06-27 8 NISHA RAMCHANDANI - By NISHA RAMCHANDANI AFFLUENT Singaporean retirees are most concerned about being besieged with unexpected expenses, unlike their peers in Hong Kong, South Korea and Taiwan who ranked inflation their number one worry. The report by financial services provider Allianz Group polled the wealthiest 20 per424 words
-
441 2012-06-27 8 GRACE LEONG - By GRACE LEONG LAWYERS for former Central Narcotics Bureau (CNB) director Ng Boon Gay, who has been charged with corruption involving sex with a woman seeking business favours, yesterday asked for a pre-trial conference to work with the prosecution on the particulars441 words
-
-
ECONOMY WATCH
-
Article, Illustration863 2012-06-27 9 ANTHONY ROWLEY - Vote a boost for PM but a snap poll is a possibility following revolt in his party By ANTHONY ROWLEY in Tokyo JAPAN’S lower house of Parliament yesterday passed a bill to double the nation’s consumption tax from 5 per cent toREUTERS - 863 words
-
Article, Illustration652 2012-06-27 9 AFP [ROME] Tempers are fraying at Italy’s tax offices, as higher bills and a government clampdown on evaders has driven recession-hit Italians to vent their anger on the country’s most hated institution. “There’s no end to it. Each day the noose tightensAFP; BLOOMBERG - 652 words
-
399 2012-06-27 9 £17.9b shortfall as spending rises 7.9% and income tax receipts fall 7.3% Bloomberg [LONDON] Britain had a larger budget deficit than economists forecast in May as the recession depressed tax receipts and government spending surged. The shortfall, which excludes government support for banks, wasBloomberg - 399 words
-
211 2012-06-27 9 [LONDON] Germany must change its “can’t do” policy against immediately forging a consolidated European fiscal and banking union, or risk becoming “the centre of an empire” responsible for the eurozone’s collapse, US billionaire George Soros said yesterday. German Chancellor Angela Merkel has resisted211 words
-
-
Page 9 Advertisements
-
Advertisement71 2012-06-27 9 < JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg R M THE ROYAL MAIL BEST ROASTS IN THE CBD Lunch. Dinner. Bar A taste of history at the Ascott, Finlayson Green. The Royal Mail Restaurant 0/ Bar serves up modern71 words
-
-
MALAYSIA/INDONESIA
-
Article, Illustration468 2012-06-27 10 S JAYASANKARAN - It cites strong sales growth outlook, aggressive expansion plans By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S third-largest lender tagged Felda Global Ventures Holdings, which is set to be listed tomorrow, with an “outperform” call in a research note yesterday. Public Investment, theAFP - 468 words
-
206 2012-06-27 10 Reuters [JAKARTA] Mining companies in Indonesia have laid off more than 200,000 workers since a government ruling in May halted exports of some minerals, and total dismissals could swell to more than three million, a leading union said yesterday, providing fresh evidence ofReuters - 206 words
-
465 2012-06-27 10 PAULINE NG - By PAULINE NG in Kuala Lumpur SOME three years after it offered two Islamic mega bank licences, Malaysia’s central bank has indicated that applicants have yet to meet its full requirements. This underscores the difficulty in attracting a supercapitalised and465 words
-
-
Page 10 Advertisements
-
Advertisement46 2012-06-27 10 You see more of your boss’s face than your wife’s. Maybe it’s time to look for a new job. At stjobs.sg your ideal job isn’t hard to find. The STMs App for iPhone and iPad is free and available for download on the App store. STJOBS46 words
-
-
Page 11 Advertisements
-
Advertisement181 2012-06-27 11 A Straits Times Appreciates Readers Event Watch 4Minute concert and get FREE tickets to Universal Studios Singapore® Singapore Flyer July 15, Sunday, 6.30pm Gardens by the Bay $67 for The Straits Times readers (Usual price $75) Tanya Chua Enjoy a 3-hour concert with performances from international stars Tanya Chua, 4Minute,181 words
-
-
GREATER CHINA/INDIA
-
341 2012-06-27 12 Bloomberg [NEW DELHI] India’s sovereign credit outlook was kept at stable by Moody’s Investors Service, which said a slowdown in growth and investment is likely to be temporary. “Certain recent negative trends such as lower growth, slowing investment and poor business sentiment are unlikelyBloomberg - 341 words
-
Article, Illustration498 2012-06-27 12 Region has common interests with China and great potential, says visiting PM AP [BUENOS AIRES] Chinese Premier Wen Jiabao said the Asian giant is interested in a possible free-trade deal with the Mercosur regional trade bloc. Mr Wen met Argentine PresidentAP; AFP - 498 words
-
380 2012-06-27 12 It will focus on first-tier cities such as Beijing and Shanghai, says CEO Bloomberg [SHANGHAI] Sotheby’s International Realty Affiliates LLC, the real estate unit of the auction house, plans to start business in China’s luxury property market by the first half of nextBloomberg - 380 words
-
-
Page 12 Advertisements
-
Advertisement840 2012-06-27 12 IM. ri J«r U&A ERA Idyllic residential retreat Nestles amidst a landscape of remarkable greenery Extensive selection of F B, grocery outlets and prestigious schools Luxury living that not only excites the senses but also soothes the soul Welcome to discuss price with owner. I Riza Lee I ERA Division840 words
-
-
WORLD
-
Article, Illustration887 2012-06-27 13 CEO Watanabe looks to have enough backing to survive calls for his ouster Reuters [TOKYO] Nomura Holdings CEO Kenichi Watanabe faces shareholders today with no clear answers as to how to resolve a damaging insider trading probe that is hitting business at Japan’s topReuters; FILE PHOTO - 887 words
-
Article, Illustration525 2012-06-27 13 Reuters [YOKOHAMA, Japan] Carlos Ghosn, chief executive of Nissan Motor Co, told shareholders yesterday he was paid a salary and bonus of 987 million yen (S$15.9 million) for the past fiscal year, a package that makes him Japan’s highest paid executive. MrReuters - 525 words
-
687 2012-06-27 13 AP [WASHINGTON] The US Supreme Court has struck down key provisions of Arizona’s harsh crackdown on illegal immigrants, but it did little to finally settle the nation’s raging political dispute on immigration, a divisive issue on which President Barack Obama and RepublicanAP - 687 words
-
448 2012-06-27 13 Reuters [TOKYO] Recruit Co, Japan’s largest recruitment firm, said it was planning to list its shares within the next few years to help propel its global expansion, in what would likely rank among the biggest initial public offerings in Japan in recent memory.Reuters - 448 words
-
Article, Illustration750 2012-06-27 14 It seeks to void 899m euro fine for failing to comply with antitrust order Bloomberg [BRUSSELS] Microsoft’s decade-long struggle against a European Union antitrust probe that led to more than 1.68 billion euros (S$2.7 billion) in fines will enter itsBloomberg; REUTERS - 750 words
-
Article, Illustration537 2012-06-27 14 NYT [NEW YORK] Plenty of people goof off at the office by checking their Facebook accounts. Now Microsoft is paying US$1.2 billion for a company that has made Facebook-style social networking just another tool for getting work done. The all-cash deal for Yammer,NYT; AP - 537 words
-
389 2012-06-27 14 AP [LONDON] A week-long online failure has led to offline trouble for British banking’s RBS Group, with hundreds of branches forced to open early and close late in a bid to placate customers unable to move funds over the Internet. CustomersAP - 389 words
-
647 2012-06-27 14 The most formidable pressure comes from a long-oppressed people impatient to see results Reuters [NAYPYITAW, Myanmar] The desks are mostly empty. Two computers idle in a corner. A young woman in a sarong leafs through a newspaper. Welcome to what shouldReuters - 647 words
-
Article, Illustration805 2012-06-27 15 Sources say that one unit will focus on publishing, the other on entertainment Bloomberg [NEW YORK] Rupert Murdoch is considering splitting his News Corp media company into two, one focusing on publishing and the other on entertainment, according to two people familiar withBloomberg; AP FILE PHOTO - 805 words
-
693 2012-06-27 15 Reuters [SAN FRANCISCO] A new wave of automated hacking of online bank accounts might have stolen US$78 million in the past year from customers in Europe, Latin America and the United States, according to researchers who peered into the computersReuters - 693 words
-
485 2012-06-27 15 60 directors, MDs may go from European investment banking unit, say sources Reuters [LONDON] Swiss bank Credit Suisse plans to cut up to one-third of senior employees in its European investment banking department, three sources familiar with the matter said, as aReuters - 485 words
-
586 2012-06-27 15 NYT [NEW YORK] For years, private companies and government agencies have given their employees a card or token that produces a constantly changing set of numbers. Those devices became the preferred method of securing confidential communications online. No one could have access toNYT - 586 words
-
Article, Illustration730 2012-06-27 16 At least a dozen lenders were lowered to junk status on Monday Bloomberg AP [MADRID] Banco Santander and Banco Bilbao Vizcaya Argentaria, Spain’s largest lenders, were downgraded by Moody’s Investors Service because of the country’s sovereign debt and souring real estate loans. Worries about the countryBloomberg; AP; REUTERS - 730 words
-
480 2012-06-27 16 LEE U-WEN - By LEE U-WEN WHILE most of Europe continues to be overwhelmed by the severity of the region’s sovereign debt crisis, Germany remains an attractive destination for foreign investment and the door is open for more Singapore firms to expand there. So says Klaus Borig,480 words
-
287 2012-06-27 16 Re uters [LONDON] Britain’s economic outlook has worsened markedly in the space of just six weeks due to the deepening eurozone crisis and signs that a global slowdown is taking root in the United States and emerging markets, the Bank of England (BOE) saidReuters - 287 words
-
597 2012-06-27 16 LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers declined in June to a five-month low as Americans became less sanguine about the outlook for the labour market and incomes. The Conference Board’s index dropped for a fourth straight month, to 62Bloomberg - 597 words
-
Article, Illustration464 2012-06-27 16 Bloomberg [NEW YORK] Vivendi SA says it will appeal a US$956 million verdict in a lawsuit over its 2001 purchase from Liberty Media Corp of its stake in USA Networks Inc. A jury in Manhattan federal court on Monday agreed with Liberty Media’s claim,Bloomberg; BLOOMBERG FILE PHOTO - 464 words
-
Article, Illustration372 2012-06-27 16 New minister faces difficult juggling act Reuters [ATHENS] Respected economist Yannis Stournaras, who was part of a team that negotiated Greece’s entry to the euro, has been appointed as new finance minister, the government announced yesterday. Greece’s new conserva-tive-led government scrambled to make a quickReuters - 372 words
-
-
Page 13 Advertisements
-
Advertisement31 2012-06-27 13 Hilton's Winemaker Series < r Wine Dinner* Thursday 5 July Winemaker Alessandro Mori presents Brunello di Montalcino 2007 rated 96 points by R.Parker. I riplp Level 24 Hilton Singapore Tel: 6730 339531 words
-
-
Page 14 Advertisements
-
Advertisement21 2012-06-27 14 WWW o my sg 0 i s e QQ *S8EK#jfii£20i 2 10£W*» F.I.R^Ol! Htf.iE WSK“ L v.h HStSI SffiQR code, wmmmm21 words
-
-
Page 15 Advertisements
-
Advertisement544 2012-06-27 15 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CATHIN (SINGAPORE) PTE LTD COMPANY REGISTRATION NO. *****1029C (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act,544 words
-
-
Transport HUB
-
Article942 2012-06-27 17 DAVID HUGHES - Uncertainty over future of biggest components of its maritime economy cruising and bunkering STRAIT TALK By DAVID HUGHES THIS week’s column was written in the Mediterranean on board the P&O Cruises ship, the Azura. It has been some time since The Business Times carried a Gibraltar supplement942 words
-
Article, Illustration708 2012-06-27 17 Traders may hoard crude in tankers if prices keep falling Reuters [LONDON] Speculators could soon be hoarding crude oil in supertankers off the coast of Britain and other European countries if prompt oil prices keep falling, shipping and oil industry executives say. A glut ofReuters; BLOOMBERG FILE PHOTO - 708 words
-
356 2012-06-27 17 Bloomberg [HELSINKI] Cargotec Oyj, the world’s biggest maker of container-lifting gear, may put off listing its marine unit on the Singapore Exchange (SGX) amid a decline in the global shipping market, according to the company’s chief executive. “The single biggest thing thatBloomberg - 356 words
-
554 2012-06-27 17 Reuters [NEW DELHI] India has allowed state refiners to import Iranian oil, with Teheran arranging shipping and insurance, from July 1, keeping purchases of over 200,000 barrels per day (bpd) flowing after European sanctions hit insurance for the cargoes, government andReuters - 554 words
-
Article255 2012-06-27 17 SGX '000 Jun 26 S$ +/-Vol CH Offshore 0.41 unch 88 Chuan Hup Hldg 0.22 unch 35 Cosco Corp 0.98 unch 2827 S$ Ezra Hldgs 1.04 0.02 3081 First Ship Lea 0.18 0.01 312 Freight Links 0.07 unch 9072 Grand Banks 0.20 0.03 1 Jaya Hold Ltd 0.57255 words
-
TRANSPORT HUB: AVIATION
-
Article, Illustration385 2012-06-27 18 Long-term policies to address capacity issues at main airports are needed Reuters [LONDON] Britain’s aviation industry said that the government needs to come up with a clear, long-term policy to address capacity issues at its main airports, or face the prospect of fallingReuters - 385 words
-
Article, Illustration565 2012-06-27 18 3 anti-drug cops shot dead by men in police uniforms AP [MEXICO CITY] Men wearing what appeared to be police uniforms opened fire in a food court at Mexico City’s international airport on Monday, killing three federal policemen on an an-ti-drug mission as panicked– AP; AFP - 565 words
-
Article, Illustration989 2012-06-27 18 Bloomberg [WASHINGTON] More than a decade has passed since the last major-airline accident on US soil. That’s great news for aviation companies and their passengers and a complication for rule makers trying to improve flight safety. The benefits of aviation rules areBloomberg; AP - 989 words
-
167 2012-06-27 18 Reuters [BANGALORE] B/E Aerospace Inc, the world’s biggest maker of aircraft interiors, will buy Germany’s Interturbine group of companies for about 200 million euros (S$320 million), adding to its business that supplies consumables to airlines. Privately owned Interturbine supplies chemicals, lubricants and hydraulic fluids andReuters - 167 words
-
223 2012-06-27 18 Bloomberg [WASHINGTON] Airlines must put redesigned oxygen systems back in aircraft lavatories, one year after they were ordered removed on concerns they could be used by terrorists as weapons, the US Federal Aviation Administration (FAA) said. Airlines have 37 months to installBloomberg - 223 words
-
-
TRANSPORT HUB: LAND
-
Article, Illustration689 2012-06-27 19 SAMUEL EE - Supercharged 1.6-litre sedan set to lift small car COE premium further By SAMUEL EE AN upgrade of the entry-lev-el Mercedes-Benz C-Class may make the compact luxury sedan even more popular and push up the small car COE premium further. The Mercedes-Benz C180 KompressorFILE PHOTO - 689 words
-
Article, Illustration444 2012-06-27 19 SAMUEL EE - Clubvan to arrive when Cat C COE has hit historic high By SAMUEL EE WHEN it comes to new territory, it looks like COE Category A isn’t the only segment that luxury makes are entering. Mini plans to park itself in Category C for444 words
-
369 2012-06-27 19 AP [YOKOHAMA] Nissan chief executive Carlos Ghosn said yesterday the automaker needs to conserve cash despite its quick recovery from a year of disasters as the global economic outlook is highly uncertain. Mr Ghosn told the company’s annual shareholders meeting that Nissan Motor CoAP - 369 words
-
291 2012-06-27 19 Bloomberg [SOUTHFIELD, Michigan] US auto sales growth may slow through at least 2016 as high unemployment lingers and young people drive less, according to a report by AlixPartners LLP. Car sales may rise 12 per cent to 14.3 million this year and 3.5 perBloomberg - 291 words
-
-
-
Page 17 Advertisements
-
Advertisement12 2012-06-27 17 Invest Grow your wealth. in a property in Malaysia S S STPROPERTY.sg12 words
-
-
Page 18 Advertisements
-
Advertisement25 2012-06-27 18 Guangzhou's plan to become a global financial hub in 10 years faces many challenges? faces many challenges? To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
-
-
Page 18 Miscellaneous
-
Miscellaneous331 2012-06-27 18 CRYPTIC CROSSWORD Across 1 Against orders being given to achieve results (12) 9 Capital city a short distance to the west (4) 10 Set of rules which may mean men are ‘tied’? (5,4) 12 Compel old boy to be deceitful? There’s little good in that(6) 13 Sea creature has first331 words
-
-
Page 19 Advertisements
-
Advertisement1509 2012-06-27 19 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AZEUS SYSTEMS HOLDINGS LTD. (Incorporated in Bermuda on 10 May 2004) (Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Wednesday, 11 July 2012 at 10 a.m. at Amber1,509 words
-
-
EDITORIAL & OPINION
-
501 2012-06-27 20 EDITORIAL AFTER a series of downgrades in recent months, the Indian government enjoyed a bit of a breather when credit rating agency Moody’s announced that it will retain its “stable” rating outlook for the country. But the relief may be short-lived. The latest501 words
-
Article, Illustration773 2012-06-27 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FIVE months ago, Beijing’s Environmental Protection Bureau, spurred on by data released by the American embassy, adopted tightened standards and began773 words
-
Article, Illustration885 2012-06-27 20 SHANTHIE MARIET D’SOUZA - New Delhi summit a test of international commitment to the country’s economic future By SHANTHIE MARIET D’SOUZA The writer is a research fellow at the Institute of South Asian Studies, an autonomous institute at the National University of Singapore. The views expressed are herAFP - 885 words
-
Article, Illustration1007 2012-06-27 21 PRADUMNA B RANA - If China, Japan, Korea intend to show support, they should conclude talks By PRADUMNA B RANA The writer is associate professor in international political economy at the S. Rajaratnam School of International Studies (RSIS), Nanyang Technological University, and coordina tor of economic multilateralism and regionalism studiesBLOOMBERG - 1,007 words
-
Article, Illustration806 2012-06-27 21 THEMIN SUWARDY - By THEMIN SUWARDY The writer is associate professor of accounting practice, associate dean, SMU School of Accountancy, and deputy president Singapore, CPA Australia. This article is based on CPA Australia’s publication ‘10 Questions to Ask Before Joining a Board’ IN MAY this year,806 words
-
LETTERS TO THE EDITOR
-
437 2012-06-27 21 I REFER to the report “F1 boss: Bribe case won’t hit IPO” (BT, June 23-34), in which Bernie Ecclestone, chief executive officer of Formula One, has admitted that he bribed Gerhard Gribkowsky, former chief risk officer of German bank Bayerische Landesbank.437 words
-
568 2012-06-27 21 THE article “Does your health insurance policy really cover you?” by Lorna Tan (BT, June 23) raises the issue of how policyholders are unaware of the potential disadvantages of switching medical plans. Crucially, it addresses the issue of fairness to the customer.568 words
-
-
-
Page 21 Advertisements
-
Advertisement122 2012-06-27 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel122 words
-
-
SINGAPORE STOCKS
-
Article2664 2012-06-27 22 Transaction date: Jun 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 Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 123 92.5 AIMSAMPIReit 120 unch 150 120.5 1202,664 words
-
Article164 2012-06-27 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol (’000) Day High Last Quote Low Buyer Seller Div Gr Yld C’vr Net P/E M Cap Smil 4.7 3.1 6.8164 words
-
Article8331 2012-06-27 23 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 American Opp Asian Local Ccy SD Bond 0.6418/ 1.003?/ EM8,331 words
-
Article200 2012-06-27 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A29.5 -0.5 10 29.5 29.5 29 32.5 3.6 11.9 2.4 76.8 46 25.5 Genting HK US$ US31.5 -0.5 4789 32 31 31 31.5 2074.1200 words
-
Article945 2012-06-27 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119 37 119 119 118 122 543.2 122.4 122.2 CIMB APAC Div 100S$D 122.2 121.7 122.2 103 95.8 CIMB APAC945 words
-
-
FINANCE & COMMODITIES
-
Article623 2012-06-27 24 Jun 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8671.61 8712.68 8619.36 Sep12 8700.00 8715.00 8610.00 8695.00 ***** *****4 Dec12 8565.00 8600.00 8565.00 8630.00 5 6555 MSCI TAIWAN INDEX FUTURES SPOT 254.06 254.26 252.85 Jun12 253.60 254.20 251.40 253.10 ***** *****6 Jul12 246.00 246.40623 words
-
Article, Illustration118 2012-06-27 24 As on 25 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 526.15 520.00 527.05 904 CURRENCY EUR-USD FUT SEP2012 1.2552 1.2483 1.2512 2342 BASE METAL COPPER FUT JUL2012 7342 7237 7309 4037 INDEX IRON ORE (MBIO) IDX118 words
-
Article107 2012-06-27 24 Jun 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1482.50 1442.50 1491.25 1458.50 Aug 12 1467.00 1426.00 1479.00 1442.50 Sep 12 1440.00 1394.25 1449.00 1408.25 Nov 12 1425.50 1375.50 1437.00 1398.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 51.27107 words
-
Article70 2012-06-27 24 CRUDE OIL PRODUCTS Jun 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 90.04 -0.45 WTI (Near Mth) 79.37 -0.58 Dubai (1-Mth F) 88.52 0.13 Tapis blend 93.45 -0.30 Minas 94.95 -0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 76.28 1.00 Jet Kerosene 106.21 -0.16 US$/barrel OpecOil Basket70 words
-
Article22 2012-06-27 24 Jun 26 S$ Bid Offer 1-month 1.2808 1.2809 2-months 1.2808 1.2809 3-months 1.2806 1.2807 6-months 1.2795 1.2797 Source: OCBC22 words
-
Article66 2012-06-27 24 Jun 25 Jun 25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1826.50 1824.75 3 months 1865.00 1962.00 Copper, Grade A(US$/tonne) Cash 7345.75 7317.00 3 months 7335.50 7310.00 Lead(US$/tonne) Cash 1770.00 1798.50 3 months 1788.00 1816.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
-
373 2012-06-27 24 In local curr In S$ In US$ dy yr dy yr dy yr Jun 25 Index Change Change Change Change Change Change World Preliminary 841.1 -1.5 1.4 -1.0 -0.6 -1.6 0.4 EAFE Preliminary 673.4 -1.3 -1.3 -0.7 -4.5 -1.3 -3.6 Europe Preliminary 996.9 -1.6 -2.9373 words
-
Article80 2012-06-27 24 Jun 25 COCOA (£/tonne) Close Prev High/Low Jul 12 1488 1501 1504/1486 Sep 12 1470 1475 1477/1468 Dec 12 1443 1445 1450/1441 Mar 13 1427 1427 1430/1422 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2012 2016 2019/1990 Sep 12 2030 2032 2036/2005 Nov 12 2029 2033 2035/2009 Jan 13 201480 words
-
1302 2012-06-27 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 369 8.00 23 Conv Ratio Baker Technology Ltd W*****6 0.6 1 32 14 47.50 5 BakerTech W*****5 4.8 unch 229 1 27 12 5.94 361,302 words
-
Article470 2012-06-27 24 Jun 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.393 0.803 7.795 57.296 95.275 0.799 11.634 3.209 1.269 94.914 42.687 1.287 8.502 0.964 30.105 31.961 0.644 1.005 Canada 0.969 6.197470 words
-
Article54 2012-06-27 24 Jun 26 (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$) 3 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****54 words
-
Article136 2012-06-27 24 Jun 26 GOLD(US$/oz) Jun 25 Jun 26 Hong Kong 1577.00 1592.00 Jun 26 Jun 22 Jun 25 London 1561.50 1571.30 1562.30 1572.10 Source: Thomson Reuters CAST BAR Jun 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 65 5gm 445 326 10gm136 words
-
Article86 2012-06-27 24 Jun 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 27-Sep-12 0.28 0.24 0.24 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 108.99 109.15 109.1086 words
-
Article57 2012-06-27 24 Jun 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3001.0 3003.00 3016.0 2985.0 263 3105 Aug 12 3018.0 3018.00 3025.0 3003.0 873 ***** Sep 12 3019.0 3030.00 3036.0 3010.0 ***** ***** Oct 12 3031.0 3035.0057 words
-
Article154 2012-06-27 24 Jun 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2867 1.2872 1.0046 1.0049 Canadian dollar 1.2472 1.2477 0.9741 0.9738 Euro 1.6029 1.6032 1.2515 1.2516 NZ dollar 1.0140 1.0146 0.7917 0.7921 Sterling pound 1.9996 2.0001 1.5612 1.5615154 words
-
Article121 2012-06-27 24 As at 9am Jun 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.313 1.251 Can dollar 1.273 1.213 Euro 1.640 1.562 Sterling pound 2.032 1.954 NZ dollar 1.038 0.989 US dollar 1.300 1.250 Local dollars to 100 units of foreign121 words
-
Article154 2012-06-27 24 Jun 26 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.30 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 12154 words
-
-
3507 2012-06-27 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN3,507 words
-
Page 25 Advertisements
-
Advertisement37 2012-06-27 25 Experienced sh,"p maintenance services wanted. i'nil 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 Times37 words
-
-
Page 26 Advertisements
-
Advertisement127 2012-06-27 26 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 I ll_ UUJINLJJ I 11 V II > Shipping127 words
-
-
Page 27 Advertisements
-
Advertisement26 2012-06-27 27 SINGAPORE'S HOTTEST HITS -v ;:> 7 •v' i. M H 71 I: M ii Vi "•"VHEAR JUSTIN BIBBER'S HOTTEST HITS ON 31.3FM f913FM| WgfWMMjj ///I WmBm tMMiiirtXl26 words
-
Advertisement53 2012-06-27 27 rr? One Afternoon. I HAVE GOT A WHOLE STACK OF MATERIALS FOR MY STOCK ANALYSIS OF '7 Caution Bggwr Smei r gsg: I YOU SHOULD SWITCH TO USING I ONLINE RESOURCES INSTEAD "i V. SHARElNVESTOR.com YOUR ONE-STOP FINANCIAL PORTAL FOR ALL YOUR INVESTMENT NEEDS. Visit ShareInvestor.com now FOR A 1853 words
-
-
executive Money
-
Article, Illustration977 2012-06-27 28 reportsHAREN SHAH - Current slowdown could be an opportunity to pick, choose stocks to buy, and enter market in a measured manner, reports HAREN SHAH reportsHAREN reportsHAREN SHAH The writer is Citi Private Bank’s senior investment strategist for Asia Pacific Disclaimer Opinions expressed hereinSource: CEIC, Datastream, Citi Investment Research and Analysis. As of June 8,; Source: MSCI, Citi Investment Research and Analysis. As of June 8, 2012 - 977 words
-
Article, Illustration1217 2012-06-27 28 NISHANT KUMAR - Move from traditional structure to long only investing is part of growing industry shakeout, says NISH ANT KUMAR NISHANT KUMAR Reuters [HONG KONG] Some of Asia’s oldest hedge funds are ditching short-selling as investors pull out of the strategy onReuters; AP - 1,217 words
-
EXECUTIVE MONEY
-
Article, Illustration1622 2012-06-27 27 SRIDHAR NATARAJAN - Returns on pace for an annualised 6.1% will be the best since soaring 8.9% in 2002, reports SRIDHAR NATARAJAN reportsSRIDHAR SRIDHAR NATARAJAN [NEW YORK] ETURNS in the global bond market are exceeding gains in the first six months of 2011 and heading for theAFP - 1,622 words
-
-
-
Page 1 Advertisements
-
Advertisement26 2012-06-27 1 WealthJune 2012 MAXIMISING YIELDS THIS EDITION HIGHLIGHTS THE MERITS OF INVESTING WISELY FOR INCOME PLUS ADDING PROPERTY TO PORTFOLIOS CAUTION IS KEY FOR STRATA INDUSTRIAL INVESTORS26 words
-
-
Page 2 Advertisements
-
Advertisement15 2012-06-27 2 INESSENCE BESPOKE RESIDENCES BY FAR EAST ORGANIZATION www.inessence.com.sg v. Vf a ■••1 am u l15 words
-
-
Page 3 Advertisements
-
Advertisement163 2012-06-27 3 sky FOR YOUR EXCLUSIVE ENJOYMENT, THE FINEST VIEWS OF ORCHARD ROAD. i n e orchardboulevard From tranquil greenery to lively views of Orchard Road, enjoy the best of both worlds at Skyline Orchard Boulevard. With every exquisite residence crafted precisely to your requirements, create a world that makes your vision163 words
-
-
Page 4 Advertisements
-
Advertisement127 2012-06-27 4 contents Roundtable: Strategies in uncertain times Our panel takes a cautious stance, preferring to focus on high-yielding securities 10 June 2012 14 Equity income Stocks offering dividend yield and earnings growth potential may be alternatives to traditional income investing 16 G3 versus emerging markets Well-diversified investors may consider sovereign bonds127 words
-
-
Page 5 Advertisements
-
Advertisement61 2012-06-27 5 CreditSuisse i S .40 ’f J It y V t v-= Vw I 4 r 4.. I > r r y > > J r 4 m r r V t\ v .y 9 < r 11 i I i iw f 4 /y V > v BAIDU’S INTERNET SEARCH61 words
-
-
Page 6 Advertisements
-
Advertisement153 2012-06-27 6 CONTENTS June 2012 26 Mapping an FX trading strategy Understanding key risks, discipline and staying nimble are key to successful forex trading 28 Going strong Reits are doing well in Singapore, outperforming the benchmark Straits Times Index 30 Parting the curtain With more sharing of information with tax authorities, private153 words
-
-
Page 7 Advertisements
-
Advertisement42 2012-06-27 7 WHEN THE EXCEPTIONAL DEMAND THE EXCEPTIONAL, THEY COME TO COUTTS. For over 300 years, Coutts has been the bank of choice for exceptional people with an unrivalled reputation for managing their unique financial requirements. www.coutts.com m. INVESTMENT MANAGEMENT WEALTH PLANNING PRIVATE BANKING42 words
-
-
THE BUSINEŚ TIMES Wealth
-
Article, Illustration685 2012-06-27 8 Genevieve Cua - By Genevieve Cua S this edition ofWealth goes to press, markets are shaken by poorer than expected economic data and the growing uncertainty over whether Greece would exit the eurozone. Investors whipsawed by market gyrations in recent months cannot be blamed for wanting to take refuge in cash.iSTOCKPHOTO; COVER iSTOCKPHOTO Maximising Yields - 685 words
-
ROUNDTABLE
-
Article, Illustration2458 2012-06-27 11 OUR PANEL TAKES ACAUTIOUS STANCE, PREFERRING TO FOCUS ON HIGH YIELDING SECURITIES Markets are roiled anew by political uncertainties in Europe which are taking centrestage and causing an outflow of funds from Asia. In this volatile environment the appetite for income-yielding investments is high. Here’s howiSTOCKPHOTO PHOTO: - 2,458 words
-
-
INVESTMENT STRATEGY
-
Article, Illustration1008 2012-06-27 14 JOSHUA CRABB - STOCKS OFFERING DIVIDENDYIELD AND EARNINGS GROWTH POTENTIAL MAY BE ALTERNATIVES TO TRADITIONAL INCOME INVESTING By JOSHUA CRABB Joshua Crabb is Director and Portfolio Manager, BlackRock Asia Pacific Equity Income Fund NVESTORS continue to be starved of income around the world as central banks’ actions have forced down theSource: UBS; Source: Citibank; iSTOCKPHOTO PHOTO: - 1,008 words
-
-
SOVEREIGN BONDS
-
Article, Illustration1156 2012-06-27 16 MANPREET GILL - WELL-DIVERSIFIED INVESTORS MAY CONSIDER SOVEREIGN BONDS FOR YIELD, ESPECIALLY EMERGING MARKET ISSUES By MANPREET GILL Manpreet Gill is Senior Investment Strategist, Group Wealth Management, Standard Chartered Bank G OVERNMENT bond markets have always occupied a special place in the investment universe. Conservative investors use them extensivelyPHOTO: BL OOMBERG - 1,156 words
-
-
ASIAN MARKETS
-
Article, Illustration1238 2012-06-27 18 Kelvin Tay - MARKET WEAKNESS OFFERS OPPORTUNITIES TO PiCKUPHIGH-YIELD STOCKS, QUALITY BONDS By Kelvin Tay Kelvin Tay is Regional CIO, Southern APAC, UBS Wealth Management HE Asian capital markets are likely to trade in the shadow of the Greek drama that is unfolding on the European stage.ILIO WIG UD L USTRATION: ILL - 1,238 words
-
-
PERPETUAL BONDS
-
Article, Illustration1255 2012-06-27 20 CHEW SOON GEK, NEEL GOPALAKRISHNAN - KEY CONSIDERATIONS FOR PERPETUAL BOND INVESTORS INCLUDE LIQUIDITYAND ISSUE SIZE By CHEW SOON GEK, NEEL GOPALAKRISHNAN Chew Soon Gek is Head of Strategy and Economic Research, Credit Suisse Private Banking and Neel Gopalakrishnan is Vice-President, Credit Suisse Private Banking S INCE the issue of the first Singapore dollar perpetualPHOTO: iSTOCKPHOTO - 1,255 words
-
-
GOLD
-
Article, Illustration953 2012-06-27 22 DAVID DONORA - GOLD WILL APPRECIATE AGAIN AS THE FUNDAMENTALS THAT DROVE IT HIGHER IN RECENT YEARS STAY IN PLACE By DAVID DONORA David Donora is Head of Commodities, Threadneedle Investments ESPITE a strong start to the year, the price of gold has fallen quite sharply in recent weeks. YetPHOTO: BLOOMBERG - 953 words
-
-
CREDIT STRATEGY
-
Article, Illustration1213 2012-06-27 24 PETER FLAVEL - SENSIBLE CREDIT PLANNING IS ESSENTIAL TO STRATEGIC WEALTH MANAGEMENT By PETER FLAVEL Peter Flavel is CEO of the high-net-worth business of JP Morgan Private Bank Asia NTEREST rates are at historic lows and with ever-increasing inflation concerns, we see clients holding cash “for safety” but with negativeiSTOCKPHOTO PHOTO: - 1,213 words
-
-
FOREX
-
Article, Illustration1203 2012-06-27 26 JUN YI GOH - UNDERSTANDING RISKS, DISCIPLINE AND STAYING NIMBLE ARE KEY TO SUCCESSFUL FOREX TRADING By JUN YI GOH Jun Yi Goh is Head of Sales and Education (Singapore), CMC Markets Singapore OREIGN exchange (also known as FX, forex or currency trading) is the simultaneous buying of oneBL OOMBERG PHOTO: - 1,203 words
-
-
REITS
-
Article, Illustration1463 2012-06-27 28 CARMEN LEE - REITS ARE DOING WELL IN SINGAPORE, OUTPERFORMING THE BENCHMARK STRAITS TIMES INDEX By CARMEN LEE Carmen Lee is Head of OCBC Investment Research and a member of the OCBC Wealth Panel N the past decade, real estate investment trusts (Reits) have become a core portfolio holding for most1,463 words
-
-
BANK SECRECY
-
Article, Illustration1162 2012-06-27 30 MICHAEL BREVETTA, MARK JANSEN - WITH MORE SHARING OF INFORMATION WITH TAX AUTHORITIES, PRIVATE BANKING MAY BE LESS PRIVATE IN FUTURE By MICHAEL BREVETTA, MARK JANSEN Mark Jansen is a Partner at PricewaterhouseCoopers LLP (PwC) in Singapore. He is PwC’s Asia-Pacific FATCA lead. Michael Brevetta is an Associate Director at PricewaterhouseCoopers ServicesPHOTO:STOCK.XCHNG - 1,162 words
-
-
SUCCESSION PLANNING
-
Article, Illustration1078 2012-06-27 31 RICHARD STRAUS - PROPER PLANNING BY THE FIRST GENERATION AND INVOLVEMENT OF THE NEXT GENERATION MAKE FOR SMOOTH TRANSITIONS By RICHARD STRAUS Richard Straus is the Asia-Pacific Head for Global Family Office and Institutions at Citi Private Bank AMILY businesses are prominent among the top ranks of companies in Asia.PHOTO:STOCKPHOTO - 1,078 words
-
-
FAMILY OFFICES
-
Article, Illustration1197 2012-06-27 32 OLIVER Gougeon - GREATER FINANCIAL SOPHISTICATION WILL DRIVE THE FUTURE OF FAMILYOFFICES IN ASIA By OLIVER Gougeon Olivier Gougeon is Regional CEO, Societe Generale Private Banking (Asia Pacific) A ACCORDING to “Global Wealth and Family Ties”, a fresh report from Societe Generale Private Banking and Forbes Insights, nearlyPHOTO:STOCKPHOTO - 1,197 words
-
-
REAL ESTATE
-
Article, Illustration1732 2012-06-27 34 WILSON AW - INVESTORS WITH A LONG-TERM VIEW CAN ACHIEVE DIVERSIFICATION BY ADDING PROPERTY TO THEIR PORTFOLIOS By WILSON AW Wilson Aw is Head of UOB Private Banking LOW interest rate environment, teamed with persistent high inflation and increased market volatility is the potent combination which has rocked the capital marketsPHOTO:STOCK.XCHNG; Source: CEIC, Bloomberg, UOB Private Banking; Source: CEIC, UOB Private Banking - 1,732 words
-
-
INDUSTRIAL PROPERTY
-
Article, Illustration1723 2012-06-27 36 ALAN CHEONG - WHILE RENTAL RETURNS USED TO BE HIGH, POTENTIAL INVESTORS SHOULD TAKE CARE TO DO THEIR HOMEWORK By ALAN CHEONG Alan Cheong is Head of Research Consultancy, Savills Singapore I NVESTING in strata-titled industrial properties has proven lucrative, particularly over the past two years. Multi-user factory space recordedPHOTO: STOCK.XCHNG; Source: Savills,URA; Source: Savills, URA, Dept of Statistics; Source: Savills, URA - 1,723 words
-
-
LIFESTYLE
-
Article, Illustration1430 2012-06-27 38 CORINNE KERK - WHEN MONEY IS NO OBJECT BUT TIME IS SHORT, OUTSOURCE TIME-CONSUMING TASKS By CORINNE KERK “T IME is money”, so said American statesman, Benjamin Franklin. That couldn’t be truer in today’s time-starved society, where, if time can be bought, there will be a whole lot of trading going1,430 words
-
-
-
Page 9 Advertisements
-
Advertisement135 2012-06-27 9 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bank135 words
-
-
Page 13 Advertisements
-
Advertisement280 2012-06-27 13 Maggie Tsui Deputy Head of Investment Services Asia BNP Paribas Wealth Management Looking to manage your own wealth by pulling the right levers? Look no further lir ■f i r t L =2 Si \T 'X'TT miMmiT TAINTED Managing your own portfolio is empowering yet challenging at times. Therefore, it's280 words
-
-
Page 15 Advertisements
-
Advertisement202 2012-06-27 15 Until coach Wu Bin helped Jet Li become a martial arts icon, he would not rest. (Beijing, 1982.) r.n i I R U. i rV^VI 4. vl'II V. What can your client advisor learn about motivation from the man who trained Jet Li? Before the adoring fans and critical acclaim.202 words
-
-
Page 17 Advertisements
-
Advertisement78 2012-06-27 17 My name: John My business: Manufacturing My passion: Classical Music My dream: To continue my family tradition My private bank: Julius Baer, because caring for future generations is their tradition, too www.juliusbaer.asia Julius Baer, the leading Swiss private banking group, was founded in 1890 and today is present in over78 words
-
-
Page 19 Advertisements
-
Advertisement49 2012-06-27 19 91V, E IG] MARKETS Ho *ct 0 High-volume FX traders enjoy automatic rebates every month with IG IH|lS Dl DIFFERENT FIND OUT WHY IGAAARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****&21X) is licensed by the MAS and International Enterprise Singapore49 words
-
-
Page 21 Advertisements
-
Advertisement478 2012-06-27 21 AWARDED FOR EXCELLENCE. RENOWNED FOR persistence. “THE DOORS OF WISDOM ARE NEVER SHUT.” BENJAMIN FRANKLIN With over 60 years of experience and offices in more than 30 countries, Franklin Templeton has built an enviable track record that has stood the test of time. We believe in thinking globally and acting478 words
-
-
Page 23 Advertisements
-
Advertisement96 2012-06-27 23 Deutsche Bank Private Wealth Management V L it i N. Worldwide strength has never been this personal. Best Global Bank Euromoney Awards for Excellence 2011 Best Private BankUltra High Net Worth Individuals Services Asian Private Banker Awards for Distinction 2011 'pevfovm. m For more information: pwm.db.com. This advertisement has been96 words
-
-
Page 25 Advertisements
-
Advertisement159 2012-06-27 25 ■w i sum m •'V f t' f 4 >, z~r* -ft* ■7 <■ *3' K< vtY W A*" a/ii/ii’ i i.v- s; *S i 7W V V'. V *r. ->c zy/SE^ v; *;> -V; r,^vr. f ]f'/ ,,v y y mJxvS j --xVi v'W#.- -v -ft;-1 r v ~r159 words
-
-
Page 27 Advertisements
-
Advertisement596 2012-06-27 27 p PRIVILEGE BANKING f.AA m a Sri m/i ,7// t/ '*r •a a* t n ar y s./ THERE’S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It’s a world where your dreams are596 words
-
-
Page 29 Advertisements
-
Advertisement258 2012-06-27 29 WEALTH MANAGEMENT AIA PLATINUM GENERATIONS > Provide your family with financial security for generations to come Guaranteed regular cash payouts plus long-term growth potential You have worked hard to achieve the success that life has brought you. You deserve to enjoy it and perhaps you want to share it too.258 words
-
-
Page 33 Advertisements
-
Advertisement90 2012-06-27 33 PORTCULLIS TRUSTNET ASIA’S BIGGEST INDEPENDENT GROUP OF TRUST COMPANIES provLdLiAyC) Mucltl FAMLY OFFICE 3erv/Lc-es Seychelles Mauritius Cayman Islands BEIJIf Tianji Shangi HANGZh Taiwan ng H AI HOU GUANGZHOU HOng Kong Malaysia Labuan Samoa c OOK iLANDS Singapore HEAD OFFICE w Zealand NE T R U S T N E T90 words
-
-
Page 39 Advertisements
-
Advertisement103 2012-06-27 39 BANKOFSINGAPORE International Private Banking Voted Outstanding Private Bank Asia Pacific 2011 by Private Banker International Even after you've come this far, some things never change. Tf 1 s Like you, we believe in the timeless value of hard work. That's why Bank of Singapore is dedicated to building on your103 words
-
-
Page 40 Advertisements
-
Advertisement180 2012-06-27 40 NET CAINS. WEALTH. WHAT’S IT TO YOU? It’s important your gains should become your family’s inheritance, and at Barclays we aim to help you achieve this. We offer investment management and wealth planning to help create a better future for you and your family. With our high levels of personal180 words
-