The Business Times, 19 September 2012
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2012-09-19
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The Business Times
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Title Section25 2012-09-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, eptember 19, 201225 words
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Article, Illustration589 2012-09-19 1 KALPANA RASHIWALA - Party said to be doing due diligence for the two Orchard Road properties By KALPANA RASHIWALA [SINGAPORE] A sale could be in the offing for the landmark Mandarin Orchard Singapore and the adjoining Mandarin Gallery which were valued at $1.18 billionFILE PHOTO - 589 words
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936 2012-09-19 1 NISHA RAMCHANDANI - Telco to decide whether it wants to continue as title sponsor after this year’s race By NISHA RAMCHANDANI [SINGAPORE] It is crunch time for the Singapore Grand Prix as SingTel is mulling over whether to remain in the driver’s seat as936 words
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MARKETS DIGEST
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Article65 2012-09-19 1 HST INDEX 3,067.98 (-10.74) HST INDEX FUTURES 3,066.00 (-11.00) HSIMSCI 353.30 (-1.80) HSIMSCI FUTURES 353.50 (-1.70) US$ S$ US$ (S$ per US$) 1.226 (US$/S$ per 1.623 1.990 EURO (US$/S$/€) 1.307 1.603 Foreign currency per US$ S$ YEN 78.70 64.20 RM 3.063 2.497 HK$ 7.753 6.321 BAHT 30.89 25.19 RUPIAH65 words
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Article49 2012-09-19 1 Tuesday Change KL COMP 1,640.33 -2.62 NIKKEI 225 9,123.77 -35.62 HANG SENG 20,601.93 -56.18 SET INDEX 1,272.86 -5.68 JAKARTA COMP 4,223.89 -31.39 MANILA COMP 5,331.13 -19.77 SEOUL COMP 2,004.96 +2.61 SHENZHEN B 564.45 -3.29 MUMBAI IND 18,496.01 -46.30 12 noon EDT Change DOW 13,552.04 -1.06 NASDAQ 3,176.42 -2.2549 words
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Article17 2012-09-19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.279 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement122 2012-09-19 1 ENERGY EFFICIENCY The benefits of sustained energy management PAGE 17 UEFA LEAGUES mio TV wins broadcast rights at the last minute PAGE 4 TRANSPORT HUB Strait Talk: Can we avoid water ballast chaos? PAGE 21 30 bookings for $1.16m Ferrari F12 I PAGE 2 A high-octane mechanical tribute to the122 words
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Advertisement13 2012-09-19 1 EXEC MONEY Best days may be ahead for S-Reits PAGE 34 *****1 *****413 words
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TOP STORIES
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576 2012-09-19 2 ANDREA SOH - Analysts see liquidity flowing into other regional markets or S’pore property By ANDREA SOH [SINGAPORE] Investors waiting to ride a rising wave in the Singapore equities market following last week’s announcement of a third round of quantitative easing (QE3) in the576 words
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Article, Illustration613 2012-09-19 2 SAMUEL EE - Delivery expected to start in first quarter next year By SAMUEL EE [SINGAPORE] Ital Auto has collected more than 30 orders for the new Ferrari F12 Berlinetta, which was shown in a private viewing at its showroom on Sunday. The more than 100 invited613 words
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558 2012-09-19 2 SAMUEL EE - By SAMUEL EE [SINGAPORE] Some motor distributors expect the premium difference between COE categories A and B to narrow further very soon, although they doubt the small car premium will overtake those for big cars. “More and more models are falling558 words
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Article410 2012-09-19 2 SingTel to make an F1 sponsorship call IT IS crunch time for Singapore Grand Prix as SingTel is mulling whether to remain in the driver’s seat as title sponsor beyond 2012. Negotiations for a five-year extension to Singapore’s Formula One contract are currently said to be at a410 words
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660 2012-09-19 4 LEE U-WEN - Balance must be struck between more safeguards, too many checks By LEE U-WEN [SINGAPORE] Even as the government reviews and tightens its systems to ensure high standards of honesty are maintained, it is not possible for any system to be able660 words
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Article, Illustration625 2012-09-19 4 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] After a period of negotiation limbo, SingTel’s mio TV screeched past the post last night with a broadcast rights deal for the Uefa Champions League (UCL) and the Uefa Europa League, just hours before the firstAFP - 625 words
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569 2012-09-19 4 Emotions run even higher on anniversary of Japan’s occupation of parts of China Reuters [BEIJING] Anti-Japan protests reignited across China yesterday, the anniversary marking the day Japan began its occupation of parts of the country in 1931. The event has escalated a maritime disputeReuters - 569 words
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486 2012-09-19 4 VEN SREENIVASAN - Emirates launches A380 services on S’pore-Dubai route By VEN SREENIVASAN [SINGAPORE] In a move which sounds good for Changi Airport but could threaten Singapore Airlines (SIA), Dubai-based Emirates is significantly boosting capacity on its Singa-pore-Dubai route by launching A380 services. Emirates,486 words
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680 2012-09-19 4 Firm got more than 2m orders for latest device in 24 hours Bloomberg AFP [SAN FRANCISCO] Apple shares traded above US$700 for the first time on Wall Street yesterday, amid optimism on the tech giant as it launches its new iPhone 5. AppleBloomberg; AFP - 680 words
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Advertisement138 2012-09-19 2 JOIN A QUIZ AS GREAT AS THE COUNTRY IT'S BASED ON. m *1 I m GRAND PRIZE SGD 10,000 Return tickets to India Other exciting prizes Pre-registration is free and mandatory supertech Yow% for presents LU X Great indiA Q.UIZ SHOW REGISTRATION OPENS ON 12™ SEPTEMBER, 2012 For registration and138 words
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Advertisement151 2012-09-19 3 Charged with progressive ideas. And electricity. Change the game with the all-new Audi A6 hybrid. Get the performance of a 6-cylinder engine with a fuel efficiency of a 4-cylinder engine. The new Audi A6 hybrid boasts the highest torque in its class of 480Nm with 245bhp and the lowest fuel151 words
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Advertisement131 2012-09-19 5 GP GIRARD PERREGAGX MECHANICS OF TIME SINCE 1791 VINTAGE 1945 XXL Pink gold case, sapphire case back, Girard-Perregaux automatic mechanical movement. Hour, minute and small second. A FJ BENJAMIN F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber blouse, Singapore *****4 Service Centre: (65) 6736 3933 Office: (65) 6737131 words
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Advertisement35 2012-09-19 5 ISWf F r 11 Mi JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent35 words
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COMPANY NEWS
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Article, Illustration538 2012-09-19 5 TEH SHI NING - It cites uncertainties over group’s direction following Charoen’s F&N bid By TEH SHI NING MOODY’S Investors Service yesterday said its Baa2 rating for Thai Beverage remains on review for a downgrade after its controlling shareholder Charoen Sirivadhanabhakdi last week mounted a takeover bid for Fraser538 words
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445 2012-09-19 5 JOYCE HOOI - By JOYCE HOOI LONG Term Evolution (LTE) or 4G technology might promise to turn the tide back in favour of operators, but the spectre of Over-The-Top (OTT) players continued to loom at LTE Asia 2012 yesterday. OTT players like Viber and WhatsApp operate445 words
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424 2012-09-19 5 R SIVANITHY - Investors could already trade M’sian shares, say dealers By R SIVANITHY THE trading link between the Singapore Exchange (SGX) and Bursa Malaysia (BM) went “live” yesterday but failed to excite investors dealers here reported little or no interest among the clients who424 words
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520 2012-09-19 7 CAI HAOXIANG - It explains board reshuffle; says TCT has strong ringfence By CAI HAOXIANG THE chief executive of the trustee-manager of main-board-listed Treasury China Trust (TCT) has responded to unit-holders’ concerns about a recent board reshuffle and TCT’s ability to stay afloat. Richard David, CEO of TCT’s520 words
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Article, Illustration315 2012-09-19 7 THE Securities Investors Association (Singapore) will hold the third Singapore Corporate Governance Week from Oct 1 to 5. A key feature of the week-long programme is a “Statement of Support” to be signed by corporates to uphold and advance good corporate governance standards. This statement, to315 words
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Article, Illustration653 2012-09-19 7 GRACE LEONG - Staff suspensions could impair casino’s ability to attract VIP high rollers By GRACE LEONG AN analyst has downgraded his call on Genting Singapore after three senior executives of Resorts World Sentosa (RWS) were charged with forgery and violations of the Casino ControlAP - 653 words
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350 2012-09-19 7 Bloomberg [HONG KONG] The private banking unit of DBS Group Holdings Ltd plans to increase assets under management in Greater China by 15 per cent to 20 per cent a year for the next three years as wealthy Chinese clients invest abroad.Bloomberg - 350 words
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406 2012-09-19 8 CEO says privatisation will be completed in 3 months [KUALA LUMPUR] United Malayan Land Bhd (UMLand) will stay focused on its business expansion including diversifying into new areas, despite being taken private by its major shareholders. Syed Mokhtar AlBukhary and Singaporean Ng406 words
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COMPANY BRIEFS
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119 2012-09-19 8 FOOD commodities supplier Olam International has won a bid for a full stake in Zambia’s Northern Coffee Corporation Ltd (NCCL) for US$6.15 million. Olam said that it will commit a further US$40 million as capital expenditure and pre-operative expenditure to fully develop119 words
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126 2012-09-19 8 EZRA Holdings, an offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, has launched and priced its first Singapore dollar denominated subordinated perpetual securities to raise $150 million. This issuance is the second offering under Ezra’s126 words
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Article69 2012-09-19 8 CWT Limited’s commodity supply chain management business arm, MRI Trading AG, has entered into a share agreement to fully acquire LN Metals International Limited for US$12.3 million. The purchase is in line with CWT’s development and expansion plans for its commodity supply chain management69 words
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72 2012-09-19 8 PARKSON Retail Asia has acquired a further 2.36 per cent of the issued and paid up share capital of Sri Lankan fashion retailer Odel through its mandatory offer. The 3.42 million shares it obtained brought its shareholding in Odel to 44.5572 words
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116 2012-09-19 8 CHINESE Global Investors Group’s wholly-owned Hong Kong unit, CGI (HK), will be selling 100 million ordinary shares in PME Group. CGIHK owns 287.4 million shares in the HK-listed PME. Priced at 15.5 HK cents per share, the group seeks to raise HK$15.5116 words
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SINGAPORE MARKETS
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Article, Illustration622 2012-09-19 6 R SIVANITHY - Index issues make up 57% of dollar value done but average unit value of about 71 cents points to penny stock churning STOCKS R SIVANITHY Senior Correspondent MONDAY’S column suggested that the promise of vast cash injections by central banks would place aSource: Bloomberg - 622 words
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Article65 2012-09-19 6 Sep 18 VALUE CLOSE BT OB/OS 508.00 -97.00 BT CADI -*****.00-115.00 BT 10-day MA -*****.00 +51.00 FTSE ST Mid Cap 729.48 -1.50 FTSE ST Small Cap 490.39 -1.98 FTSE ST All Share 747.35 -2.46 FTSE ST China Top 203.51 -0.92 FTSE ST China 220.73 -0.50 FTSE ST65 words
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Article186 2012-09-19 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 3 0 0 0 3 11 3 Manufacturing 42 62 42 5 10 8 47 72 50 Commerce 21 27 17 2 1 5 23 28 22 Tpt/Stor/Comms 12 19 9186 words
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Article966 2012-09-19 6 CAI HAOXIANG - Compiled by CAI HAOXIANG Singapore Property Companies DBS Group Research, Sept 18 MONTHLY dip in home sales was expected. August primary home sales (including ECs) dipped 26 per cent month-on-month to 1,539 units. Excluding ECs, the decline was slightly higher 27 per cent month-on-month to 1,421 units. The966 words
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Article123 2012-09-19 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,720 15,720 61,006 61,006 Manufacturing 286,857 107,031 393,888 227,743 1,938 229,681 Commerce 472,379 9,113 481,492 190,525 681 191,206 Tpt/Stor/Comms 137,878 14,231 152,109 164,108 4,250 168,358 Finance 28,951 1,765 30,716 126,528 783 127,310 Construction 54,433 6,146123 words
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Article110 2012-09-19 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.635 -0.015 CapitaLand 3.210 -0.020 CapitaMall 1.965 -0.010 CityDev 11.640 -0.030 ComfortDelGro 1.670 +0.010 DBS Grp 14.450 -0.170 F&N 8.970 GLP 2.590 +0.060 Genting SP 1.385 -0.015 Golden Agri 0.670 -0.020 HK Land 6.030 JMH 54.720 +0.420110 words
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Article, Illustration542 2012-09-19 6 CURRENCIES Reuters [LONDON] The euro fell yesterday, succumbing to profit taking after rallying to four-month highs against the US dollar and yen a day earlier, with Spain’s apparent reluctance to seek a bailout unnerving investors. The yen also ceded ground against the USReuters; BLOOMBERG - 542 words
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Article60 2012-09-19 6 VOLUME GSH Corp 268,489,000 Golden Agri 124,668,000 Noble Grp 58,605,000 TT Intl 56,994,000 Equation 55,211,000 HPH Trust US$ 39,079,000 Yoma 37,062,000 Genting SP 34,710,000 M Devt 25,812,000 TopGlobal W*****9 24,500,000 VALUE($) Golden Agri 84,883,220 Noble Grp 78,281,250 Genting SP 48,208,876 F&N 47,128,810 DBS Grp 47,004,230 SingTel 46,325,86060 words
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Article105 2012-09-19 6 BY CENTS CLOSE UP DBXT EONIA 5US$ ***** 411.9 1.9 DBXT AUDCS 5US$ ***** 194.9 0.7 JSH 3345 65.0 1.6 JMH 5472 51.5 0.8 Lyxor Malaysia 10US$ 951 35.6 3.1 DBXT S&P Short 10US$ 3472 23.3 0.6 SIA.ES.1209 1062 15.0 1.4 ShangriLa Asia 1490 14.2 6.4 SGX.ES.1209 713 14.0105 words
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Article127 2012-09-19 6 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -332.0 -1.2 Lantrovision 10 25.5 -232.5 -90.1 DBXT AUD Bonds 5AU$ ***** -205.6 -0.9 DBXT Nifty 10US$ ***** -202.3 -1.5 DBXT iBoxxKR 5US$ ***** -159.4 -0.9 GLD 10US$ ***** -142.2 -0.7 Jardine C&C 4860 -46.0 -0.9 DBXT FTVietnam 10US$ 2084 -45.4127 words
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Page 7 Advertisements
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Advertisement40 2012-09-19 7 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES CLA/FEB11/g For reservations, please call +65 6837 3322 or email reservations@equinoxcomplex.com. Level 70, Swissôtel The Stamford, 2 Stamford Road, Singapore *****240 words
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Advertisement181 2012-09-19 7 I want an EDGE over my competition It’s my choice M Like time, learning never stops. At Kaplan Professional, we are all geared up to deliver cutting edge learning solutions to meet your organisational needs at your door step. We are committed to supporting individuals and organisations in achieving results181 words
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Advertisement1105 2012-09-19 8 global invacom completing the picture GLOBAL INVACOM GROUP LIMITED (formerly known as Radiance Group Limited) (Incorporated in Singapore) (Company Registration No: *****2428H) PROPOSED PLACEMENT OF UP TO 64,788,000 ORDINARY SHARES IN THE CAPITAL OF GLOBAL INVACOM GROUP LIMITED COMPRISING OF 41,539,000 NEW ORDINARY SHARES IN CONNECTION WITH THE PROPOSED COMPLIANCE1,105 words
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Advertisement2246 2012-09-19 8 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Goldtron LimitedL:AH 4)%H NA^ .‘$,FF,*([K (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN ;#G; >BB9G] W)B)?G] O));!B% A’ W6P8146N PROR1[8 L;#) U:AC@GBVSK Z!]] E) G; 4G’0)=OG?!BGJ:AC@G==<G]]?AAC.JP)7)],J.F19G=/)=;8?!7)J3!B%G@A?)$*a(F(AB1#9?=+GVJ..6-;AE)?,F.,G;‘H*FGHCHJ for the following purposes: AS ORDINARY BUSINESS 1. To2,246 words
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Advertisement171 2012-09-19 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ENCENTUATE PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****1213R) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims have not171 words
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SINGAPORE NEWS
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554 2012-09-19 9 MALMINDERJIT SINGH - They clinch the 2012 Red Herring Top 100 Asia awards By MALMINDERJIT SINGH LEADING venture capital firm Vickers Venture Partners added another feather to its cap as four of its portfolio companies, including a Singapore-based digital entertainment company, were honoured as this year’s promising554 words
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SINGAPORE ROUNDUP
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56 2012-09-19 9 CLOSE to 600 registration-of-interests has been received for the 748-unit project eCo at Bedok South. Jointly developed by Far East Organization, Frasers Centrepoint and Sekisui House, the project consists of 246 suites, 220 small-office-home-office (Soho) apartments, 34 townhouses and 248 condominium units. eCO56 words
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72 2012-09-19 9 NOBEL Design Holdings yesterday said its 35 per cent owned joint venture Urban Lofts Pte Ltd had agreed to buy the properties at 1 Surin Avenue and 790 Upper Serangoon Road for about $37.5 million. The two properties sit on a freehold site that has72 words
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69 2012-09-19 9 CHANGI Airport has once again been named the world’s best by readers of Business Traveller magazine. This is the 25th consecutive time it has garnered the honour, an unprecedented feat in the magazine’s awards history. The results are determined by votes from readers and69 words
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Article, Illustration697 2012-09-19 9 KALPANA RASHIWALA - Tender for the 188,861.2-sq-ft, 99-year-leasehold site draws nine bids By KALPANA RASHIWALA A PARTNERSHIP between First Shine Properties and Meadows Bright Development has placed the top bid for a 99-year-leasehold private housing site on Dairy Farm Road. Their bid of697 words
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381 2012-09-19 9 TEO SI JIA - Sale of investment properties boosts surplus to $1.78b By TEO SI JIA JTC Group has posted a net surplus attributable to shareholders of $1.78 billion for its financial year ended March 31, 2012, from $918 million the preceding year, according to381 words
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Article, Illustration301 2012-09-19 9 ARTHUR LEE - By ARTHUR LEE THIS is not banking as most people know it. Anyone visiting the main banking hall at OCBC Centre is likely to do a double take. The bank’s “Arts and Design” programme started on Monday with the display of 10 piecesARTHUR LEE - 301 words
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Article, Illustration353 2012-09-19 9 A FREEHOLD industrial building at 14 Little Road, has been put up for sale with an indicative price of $32 million, or $513 per square foot per plot ratio. The existing development, Tropical Industrial Building, is located off Upper Paya Lebar Road.353 words
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Advertisement19 2012-09-19 9 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices NOTICES CLA/FEB1 1/g19 words
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MALAYSIA/INDONESIA
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Article, Illustration660 2012-09-19 10 MALMINDERJIT SINGH - McKinsey cites its low-volatility growth, 70% drop in government debt By MALMINDERJIT SINGH [SINGAPORE] Indonesia could become the world’s seventh largest economy by 2030, leapfrogging Germany and the United Kingdom, says a new report by the McKinsey Global Institute (MGI). Richard Dobbs, a director ofREUTERS - 660 words
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441 2012-09-19 10 [KUALA LUMPUR] Islamic perpetual bonds, a hybrid sukuk, are gaining popularity and more firms are expected to follow the move taken by Malaysia Airlines (MAS). The hybrid sukuk will be an attractive option to companies which have reached a certain debt-to-equity ratio level, Malaysia’s441 words
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444 2012-09-19 10 S JAYASANKARAN - AmResearch sees value in firm’s highly coveted entitlement By S JAYASANKARAN in Kuala Lumpur A MALAYSIAN bank has re-rated civil engineering and marine services company Benalec Holdings to a “buy” after The Edge business weekly said the firm was confident of444 words
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287 2012-09-19 10 Bloomberg [JAKARTA] An Indonesian Parliament commission has approved a government plan to raise the price of electricity, potentially reducing subsidy costs and encouraging investment in the nation’s power grid that is needed to boost economic growth. The measure must still be approvedBloomberg - 287 words
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Article, Illustration481 2012-09-19 10 [PETALING JAYA] Exorbitantly high selling prices, stringent banking rules and a generally cautious sentiment that have been having an impact on the Malaysian property market this year could continue into 2013. Malaysian Institute of Estate Agents (MIEA) deputy president Siva ShankerBLOOMBERG - 481 words
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Article278 2012-09-19 10 Pictet-Absl Rtn Glo Cons-P EUR 14.09.2012 EUR 105,47 Pictet-Absl Rtn Glo Div-P EUR 14.09.2012 EUR 119,71 Pictet-Asian Equities Ex Japan-P USD 14.09.2012 USD 167,74 Pictet-Asian Local Currency Debt-P USD 14.09.2012 USD 150,37 Pictet-Biotech-P USD 17.09.2012 USD 375,40 Pictet-Clean Energy-P USD 14.09.2012 USD 62,75 Pictet-Digital Communication-P USD 14.09.2012 USD 151,89278 words
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Advertisement863 2012-09-19 10 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DA SHAN PTE LTD Company Registration No. *****7283Z (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act, Chapter 50, that the Final863 words
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GREATER CHINA/INDIA
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Article, Illustration695 2012-09-19 11 Modest 0.1% rise suggests gentle recovery in country’s property market Reuters [BEIJING] Home prices in China rose 0.1 per cent in August from July, to show a modest increase for a second consecutive month and signal a gentle recovery in the property marketReuters; AFP - 695 words
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335 2012-09-19 11 Bloomberg [BEIJING] China’s subway, highway and sewage treatment plant projects are being accelerated to counter a growth slowdown, a senior economic planning official said. Xu Lin, head of the planning department at the National Development and Reform Commission, told reporters that newly-ap-proved projects,Bloomberg - 335 words
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424 2012-09-19 11 FREDERICK YEUNG - Forex rate also seen gaining favour over bank reserve ratio By FREDERICK YEUNG EJ Insight [HONG KONG] China is planning to use interest rate and currency rate adjustments to achieve monetary policy goals, rather than quantitative tools such as reserve requirement ratio (RRR),EJ Insight - 424 words
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275 2012-09-19 11 Reuters [MOSCOW] Russia won’t be able to deliver a US$2.3 billion aircraft carrier to India by the end of this year. Sources close to arms exporter Rosoboronexport said on Monday that the vessel encountered engine problems during testing. “Fixing the problem entails changingReuters - 275 words
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697 2012-09-19 11 Priority to link two grids; projects worth 800b rupees cleared Bloomberg [MUMBAI] Power Grid Corp of India Ltd, the nation’s largest electricity transmission company, may exceed a one trillion rupee (S$22.2 billion) spending plan to upgrade its network and avoidBloomberg - 697 words
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Page 11 Advertisements
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Advertisement173 2012-09-19 11 CONFERENCE EXHIBITION IMPACT EXHIBITION CONVENTION CENTRE, BANGKOK, THAILAND 3 5 OCTOBER 2012 CO-LOCATED WITH: Anniversary TOWARDS A SECURE ENERGY FUTURE Celebrating its 20th Anniversary in 2012, POWER-GEN Asia is the premier conference and exhibition dedicated to the power generation and transmission and distribution industries. Joint Opening Keynote Session Wednesday 3rd173 words
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ECONOMY WATCH
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Article, Illustration574 2012-09-19 12 It forecasts A$53.2b revenue in FY 2013 against June’s forecast of A$67b Reuters [CANBERRA] Australia, the world’s biggest exporter of iron ore, revised down its revenue forecasts for the key steel-making ingredient by a fifth yesterday, a fresh sign the industry is losingReuters; AFP - 574 words
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666 2012-09-19 12 Sales of US$1 m or more homes here are highest in the US NYT [NEW YORK] Silicon Valley has seen the greatest wealth creation in history. According to the National Venture Capital Association, startups here raised US$3.2 billion inNYT - 666 words
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Article, Illustration383 2012-09-19 12 AFP [SYDNEY] Australia’s central bank chief Glenn Stevens won political backing yesterday following reports that he would be called to testify to Parliament about alleged corruption within the organisation’s subsidiaries. Fairfax newspapers, which exposed the alleged corruption and bribery, claim there isAFP - 383 words
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548 2012-09-19 12 But upward pressure could open up central bank division over wider stimulus programme Bloomberg [LONDON] UK inflation slowed in August as prices for furniture and clothes rose less than a year earlier and increases in gas and electricity weren’t repeated. ConsumerBloomberg - 548 words
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Advertisement12 2012-09-19 12 m m SINGAPORE'S Horresr hits HEAR rnewAMTep's HOTTEST HITS ONHOTFM 91.3 4*12 words
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Advertisement14 2012-09-19 12 www.omy.sg ZE X myapps 3ft omy News omy Showbiz RBISflU SAAiK m&mm J3JSQR Code.14 words
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WORLD
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Article, Illustration583 2012-09-19 13 Results, the first since its Aug IPO, come after trophy-less season Bloomberg [LONDON] Manchester United had a fiscal fourth-quar-ter loss as the 19-time English soccer champion played fewer matches after finishing without a trophy for the first time since 2005. The loss wasBloomberg; BLOOMBERG FILE PHOTO - 583 words
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Article, Illustration382 2012-09-19 13 Investors concerned about its massive public deficit Reuters [MADRID] Investors yesterday piled pressure on Spain to request aid and trigger a European Central Bank (ECB) bond-buying programme seen as inevitable to help the country finance its debts, with the benchmark 10-year bond risingReuters - 382 words
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437 2012-09-19 13 NYT [ATHENS] Public opposition to austerity budgets deepened in Greece on Monday, with judges stopping work, doctors going on strike and public transport staff and schoolteachers planning action for later this week. The moves are prelude to a general strike called byNYT - 437 words
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358 2012-09-19 13 LATEST US DATA Reuters [WASHINGTON] The US current account deficit shrank more than expected in the second quarter as the country boosted exports and cut back on imports, while income earned on US assets abroad increased. The deficit on the current account, whichReuters - 358 words
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Article, Illustration384 2012-09-19 13 Reuters [PARIS] A French court yesterday banned a gossip magazine from further publishing topless photographs of the wife of Britain’s Prince William, the former Kate Middleton, and ordered it to hand the pictures over to the royal couple. The injunction granted to theReuters; AP - 384 words
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285 2012-09-19 13 AFP [HANOI] Vietnamese police said yesterday that they were pursuing more serious charges against one of the country’s top banking tycoons, whose arrest last month sent a shockwave through the nation’s financial markets. Multi-millionaire Nguyen Duc Kien is now under investigation for “deliberate wrongdoingAFP - 285 words
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652 2012-09-19 14 Non-voting Dallas Fed President Fisher doesn’t think it will have much efficacy Reuters [ANN ARBOR, Michigan] Just days after the Federal Reserve launched a third round of bond-buying to boost the lacklustre recovery and bring down unemployment, top Fed policymakers yesterday disagreed sharplyReuters - 652 words
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Article, Illustration932 2012-09-19 14 Reuters [LONDON] Wildcat strikes in South Africa’s platinum belt have entered a sixth week with no resolution in sight and investors are worried about the government’s inability to quell the unrest. Critics say Pretoria’s response to the strikes has been slow andReuters; REUTERS - 932 words
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Article, Illustration795 2012-09-19 14 Its shares jump 18%; group also in talks to sell asset stakes Reuters [MELBOURNE] Fortescue Metals Group, one-third owned by billionaire founder Andrew “Twiggy” Forrest, has lined up US$4.5 billion in debt and is in talks to sell stakes in some of its assets, asReuters; REUTERS - 795 words
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Article, Illustration737 2012-09-19 14 AFP [MILAN] Fiat’s boss painted a bleak picture of the Italian auto market but said the historic brand will stay in the country, amid union warnings that Italy’s top private sector employer is set to shed jobs.AFP - 737 words
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Article, Illustration798 2012-09-19 15 Opposition of nine EU countries to planned law enough to scuttle reform NYT [LONDON] A planned European Union law to impose penalties on companies that do not allocate 40 per cent of the seats on their boards to women has drawn enough oppositionNYT; REUTERS - 798 words
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Article, Illustration881 2012-09-19 15 Big user base slowly gets introduced to monetiseable services AP [SEOUL] A handful of smartphone applications that began as basic instant messaging services have amassed several hundred million users in Asia in just a couple of years, mounting a challenge toAP - 881 words
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480 2012-09-19 15 PFA tells customers to take advantage of tax break offered by govt Bloomberg [COPENHAGEN] Denmark’s biggest commercial pension fund PFA A/S is advising clients to shift their life savings and take advantage of a tax break offered by the government. Copenhagen-basedBloomberg - 480 words
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571 2012-09-19 15 Prices just top US$3 mmBtu vs US$13 in Asian markets Reuters [TOKYO] Japan’s biggest utility, Tokyo Electric Power Co, is in advanced talks to secure liquefied natural gas (LNG) supplies from North America and help reduce high import prices as JapanReuters - 571 words
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442 2012-09-19 15 Reuters [SAN FRANCISCO] Advanced Micro Devices Inc said chief financial officer Thomas Seifert was leaving the struggling personal computer chipmaker to pursue other opportunities, sending its shares down almost 12 per cent. After filling in as AMD’s temporary CEO through August lastReuters - 442 words
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Advertisement9 2012-09-19 16 All the great songs in one place www.kiss92.sgwww.facebook.com/kiss92fm 0Kiss92fm9 words
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ENERGY EFFICIENCY NATIONAL PARTNERSHIP
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Article, Illustration695 2012-09-19 17 writesANDREW TAN - The NEA has many schemes to encourage local companies to go green. This includes the EENP that promotes energy efficiency practices in organisations here, writesANDREW TAN writesANDREW writesANDREW TAN The writer is chief executive officer, National Environment Agency WITH growing concerns over climate change695 words
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Article, Illustration1165 2012-09-19 17 reportsVINCENT WEE - The NEA’s EENP programme helps firms enhance their long-term business competitiveness by encouraging them to put in place energy efficient measures, reports vincent wee reportsVINCENT reportsVINCENT WEE WHILE conserving energy is a noble goal, the field is a wide one and well-directed efforts help toSTOCK.XCHNG - 1,165 words
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BT ADVERTORIAL
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Article, Illustration1176 2012-09-19 18 / 19 NatSteel believes in investing in both technical solutions and human capital when it comes to implementing its energy efficiency programme EENP AWARDS EXCELLENCE IN ENERGY MANAGEMENT CONTRASTINGsharply with many of the companies featured in the Energy Efficiency National Partners hi p EENP Awards this1,176 words
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Article, Illustration814 2012-09-19 18 / 19 THERE is no better way to emphasise the importance of energy efficiency than to put it in front and in the centre of the heart of an organisation. For data storage company HGST Singapore Pte Ltd, this is espoused in its declaration that energy efficiency is814 words
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Article, Illustration581 2012-09-19 18 / 19 Pfizer Asia Pacific has bagged another Best Practice award for a project that converts waste into energy EENP AWARDS BEST PRACTICES PFIZER Asia Pacific Pte Ltd is a company that does not rest on its laurels when it comes to energy efficiency. Last year, it581 words
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Article, Illustration474 2012-09-19 18 / 19 IT makes sense that in a tropical climate one of the biggest consumers of energy and therefore the area which holds the greatest potential for energy efficiency gains would be in terms of cooling systems. For the pharmaceutical industry in particular, which depends on effective cooling474 words
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Article, Illustration426 2012-09-19 18 / 19 ANOTHER company that has found that the air-conditioning system is its top energy consumer is International Engine Component Overhaul Pte Ltd (IECO). The company, which focuses on the repair and overhaul of aircraft engine components, carried out an energy audit in 2010 to identify426 words
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Article, Illustration786 2012-09-19 20 Both winners in this category aim to spread awareness of the importance of energy efficiency EENP AWARDS OUTSTANDING ENERGY MANAGER OF THE YEAR OFTEN, the personal message of energy conservation is lost in the technicality of facts and figures when it comes to recognising energy efficiency786 words
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Article, Illustration1003 2012-09-19 20 EENP AWARDS BEST ENERGY EFFICIENCY PRACTICES IN THE PUBLIC SECTOR SPREADING the energy conservation message is extra important for public sector institutions such as Woodgrove Secondary chool. Winner of the Best Energy Efficiency Practices in the Public Sector award in1,003 words
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Page 20 Advertisements
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Advertisement8 2012-09-19 20 PROUD PARTNERS OF THE ENERGY EFFICIENCY NATIONAL PARTNERSHIP8 words
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TransportHUB
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981 2012-09-19 21 DAVID HUGHES - Hoping that technology will catch up to be able to implement an unrealistic convention target is bad policy STRAIT TALK By DAVID HUGHES THE shipping experts at the International Chamber of Shipping (ICS), based in London, together have almost encyclopaedic knowledge of the issues981 words
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342 2012-09-19 21 Bloomberg [LONDON] Charter rates rose for the biggest oil tankers on the industry’s busiest trade route, extending the first back-to-back weekly gains since April, on speculation demand for ships may strengthen. Hire costs for very large crude carriers (VLCCs) on theBloomberg - 342 words
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Article257 2012-09-19 21 SGX '000 Sep 18 S$ +/-Vol CH Offshore 0.47 unch 293 Chuan Hup Hldg 0.26 unch 21 Cosco Corp 0.99 -0.01 2415 Sep 18 s$ First Ship Lea 0.13 unch 1432 Freight Links 0.07 unch ***** Grand Banks 0.36 0.05 606 Jaya Hold Ltd 0.57 unch 270 K1Ventures257 words
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Article, Illustration813 2012-09-19 21 Investors may profit by buying forward freight agreements Bloomberg [LONDON] Iron ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of aBloomberg; BLOOMBERG - 813 words
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383 2012-09-19 21 Bloomberg [LONDON] SwissMarine Services SA, a freight trader operating 100 iron oreand coal-carrying Capesize ships, said it’s buying the vessels for the first time in five years after an earnings rout drove prices down 24 per cent since 2011. The company plansBloomberg - 383 words
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TRANSPORT HUB: AVIATION
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520 2012-09-19 22 They urge Obama to initiate action in ICAO ahead of a UN meeting Reuters [WASHINGTON] The US aviation industry urged President Barack Obama on Monday to file a UN action to stop the European Union (EU) from forcing foreign aircraft to payReuters - 520 words
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Article, Illustration751 2012-09-19 22 Bloomberg [LONDON] Children play soccer and adults sip from pints of beer on Kew Green in west London, pausing their conversations every 90 seconds as airplanes approach nearby Heathrow airport. On one of the last sunny evenings of the summer, their talkBloomberg; BLOOMBERG - 751 words
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451 2012-09-19 22 Pilot shortage, sick calls and mechanical issues hit operations Bloomberg [DALLAS] American Airlines cut US capacity by as much as 2 per cent for the rest of this month and October as pilot retirements, sick calls and mechanical issues left the carrierBloomberg - 451 words
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582 2012-09-19 22 Bloomberg [WASHINGTON] United Continental Holdings, the world’s largest airline, is under US investigation for stranding 16 flights on tarmacs for more than three hours during thunderstorms. Severe storms hit Chicago’s O’Hare International Airport on July 13, shutting the ramp into United’s gatesBloomberg - 582 words
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TRANSPORT HUB: LAND
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744 2012-09-19 23 LEE MEIXIAN - Operations halted, sales outlook dimmed in world's largest car market By LEE MEIXIAN AT least seven Japanese carmakers have shuttered factory operations in China as anti-Japanese protests over a territorial dispute between the two countries escalate. Yesterday, Toyota, Suzuki, Mitsubishi and Yamaha joined three744 words
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Article, Illustration556 2012-09-19 23 Reuters [TOKYO] Plenty of people think Honda Motor Co is not the kind of daring, risk-taking company it once was. One of them is Takanobu Ito, who just happens to be the Japanese carmaker’s chief executive. His solution? A simple, petrol-electric hybrid technologyReuters; REUTERS - 556 words
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Article, Illustration746 2012-09-19 23 AP [TORONTO] The Canadian Auto Workers (CAW) union decided late on Monday to keep working past a midnight strike deadline after reaching a deal with Ford and extending its contracts with General Motors (GM) and Chrysler. Workers will stay on the jobAP - 746 words
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483 2012-09-19 23 Proceeds will help ministry settle payments due to train and track makers Bloomberg [BEIJING] China’s Ministry of Railways is set to sell a record amount of corporate bonds this year, helping it settle unpaid bills from train and track makersBloomberg - 483 words
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Page 21 Advertisements
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Advertisement60 2012-09-19 21 X-PRESS FEEDERS NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) With the continuing increase in bunker costs, we will henceforth be recovering these further escalation in bunker costs through a Bunker Adjustment Factor (BAF). With effect from 09 OCTOBER 2012, the following BAF will apply between Singapore Port Klang and the60 words
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Advertisement29 2012-09-19 22 Chinese Academy of Social Sciences: China unlikely to face a sovereign debt crisis despite adverse external environment adverse external +&64"305* 2’-18 To subscribe, call 6388-3838 or go to sphsubscription.com.sg29 words
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Page 22 Miscellaneous
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Miscellaneous324 2012-09-19 22 CRYPTIC CROSSWORD Across 1 The place it must be weird for clairvoyant (10) 6 Artist manages to capture the male bird (4) 9 Cleaners put off attending public toilet (10) 10 A small river? Certainly not! (4) 12 Story to introduce the German songs (6) 13 Amateur in front of324 words
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Advertisement36 2012-09-19 23 FM klSS92 All the great songs in one place Lind m rm rrm Share your first kiss with Kiss92 and an Estee Lauder Pure Color lipstick could be yours! kiss92.sg D facebook.com/kiss92fm @kiss92fm Partner: ESTEE LAUDER36 words
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EDITORIAL & OPINION
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Article497 2012-09-19 24 EDITORIAL MAJOR credit rating agency Moody’s warned last week that it may downgrade the United States’ triple A credit rating if the White House and Congress fail to avert the so-called fiscal cliff at the end of this year and to reach a deal on497 words
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Article, Illustration810 2012-09-19 24 DAVID MASON - The UK could borrow ideas and money from S’pore 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.co810 words
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Article, Illustration1083 2012-09-19 24 JOERGEN OERSTROEM MOELLER - All may be lost, if political leaders in weak euro countries don’t stay the course By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow, Institute of Southeast Asian Studies, Singapore, and adjunct professor, Singapore Management University Copenhagen Business School OVERBLOOMBERG - 1,083 words
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Article, Illustration1067 2012-09-19 25 VINOD THOMAS - Greater inclusion calls for innovative ways by Asian govts to make finance more accessible to lower-income groups By VINOD THOMAS The writer is director-general of independent evaluation at the Asian Development Bank in Manila, and author of the recently published book ‘Multilateral Banks and the DevelopmentAFP - 1,067 words
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Article, Illustration755 2012-09-19 25 ANDRÉS VELASCO - By ANDRÉS VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University Project Syndicate MARGARET Thatcher famously once said that “there is no such thing as society”. Today, the people of Chile are showing just howProject Syndicate - 755 words
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3423 2012-09-19 26 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination3,423 words
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Advertisement28 2012-09-19 26 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping Times28 words
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Advertisement18 2012-09-19 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement151 2012-09-19 27 TO ADVERTISE IN THE BUSINESS TIMES Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 The Business Times Shipping Times THE RESULTS SPEAK FOR THEMSELVES At BH Global Marine,151 words
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SINGAPORE STOCKS
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Article2951 2012-09-19 28 Transaction date: Sep 18 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 145 92.5 AIMSAMPIReit 140 unch 2172,951 words
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Article188 2012-09-19 29 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 2 unch 1216 2 2 1.9 2 26.5 Day Last Quote Div Gr Yld Net M188 words
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Article8144 2012-09-19 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Local "<fcy SD Bond 0.9756/ EM local8,144 words
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Article193 2012-09-19 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 41.5 25.5 Genting HK US$ US33.5 -0.5 4497 34 33.5 33.5 34 2205.8 Last 220 168 TanChongInt HK206 unch 69 206 206 202 210 4.3 3.4193 words
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Article991 2012-09-19 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 119.9 -0.1 5 119.9 119.9 118.1 120 547.3 127.1 120.4 CIMB APAC Div 100S$D 127 124.9 126.1 103.1 95.8 CIMB991 words
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FINANCE & COMMODITIES
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Article641 2012-09-19 30 Sep 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9155.49 9180.44 9120.61 Dec12 9170.00 9200.00 9050.00 9065.00 ***** *****0 Mar13 9055.00 0 410 MSCI TAIWAN INDEX FUTURES SPOT 276.24 276.40 274.80 Sep12 275.80 277.20 274.90 276.30 ***** *****0 Oct12 276.50 276.60 274.80 276.30641 words
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373 2012-09-19 30 In local curr In S$ In US$ dy yr dy yr dy yr Sep 17 Index Change Change Change Change Change Change World Preliminary 934.3 -0.2 12.6 0.1 7.2 -0.3 13.6 EAFE Preliminary 742.7 -0.2 8.9 0.0 4.5 -0.4 10.7 Europe Preliminary 1129.9 -0.4 10.1373 words
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Article, Illustration127 2012-09-19 30 As on 17 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 592.05 587.75 589.95 451 GOLD FUT DEC2012 1777.90 1770.40 1770.70 48 CURRENCY EUR-USD FUT SEP2012 1.3120 1.3120 1.3143 7 EUR-USD FUT DEC2012 1.3181 1.3094 1.3115 4059127 words
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Article107 2012-09-19 30 Sep 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1669.00 1739.00 1736.25 1669.00 Jan 13 1670.00 1740.00 1737.25 1670.00 Mar 13 1632.75 1702.75 1700.25 1632.75 May 13 1552.75 1622.75 1622 1552.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 54.98107 words
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Article70 2012-09-19 30 CRUDE OIL PRODUCTS Sep 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.38 -0.66 WTI (Near Mth) 96.09 -2.93 Dubai (1-Mth F) 113.45 -0.92 Tapis blend 119.84 -0.91 Minas 115.99 -0.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.00 -1.33 Jet Kerosene 135.29 -1.29 US$/barrel OpecOil Basket70 words
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Article24 2012-09-19 30 Sep 18 S$ Bid Offer 1-month 1.2259 1.2269 2-months 1.2259 1.2269 3-months 1.2259 1.2269 6-months 1.2255 1.2266 Source: OCBC Source: OCBC24 words
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Article66 2012-09-19 30 Sep 17 Sep 17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2167.00 2200.00 3 months 2167.00 2200.00 Copper, Grade A(US$/tonne) Cash 8282.75 8362.60 3 months 8301.00 8380.00 Lead(US$/tonne) Cash 2250.50 2261.00 3 months 2258.00 2265.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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Article79 2012-09-19 30 Sep 17 COCOA (£/tonne) Close Prev High/Low Dec 12 1663 1692 1700/1640 Mar 13 1643 1676 1682/1619 May 13 1647 1680 1689/1624 Jul 13 1653 1685 1692/1630 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2041 2060 Nov 12 2064 2083 2091/2062 Jan 13 2081 2097 2105/2080 Mar 13 2096 211179 words
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1051 2012-09-19 30 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 1 146 582 5.50 20 Conv Ratio Baker Technology Ltd W*****6 0.8 0.1 ***** 1 32 -2 41.88 2 BakerTech W*****5 7.3 0.2 1701 1 27 21,051 words
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Article470 2012-09-19 30 Sep 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 6.586 0.797 8.081 56.326 98.945 0.821 11.658 3.192 1.262 98.569 43.525 1.278 8.607 0.965 30.585 32.200 0.642 1.042 Canada 0.983 6.475470 words
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Article62 2012-09-19 30 Sep 18 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates62 words
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Article136 2012-09-19 30 Sep 18 GOLD(US$/oz) Sep 17 Sep 18 Hong Kong 1777.20 1767.00 Sep 18 Sep 14 Sep 17 London 1773.95 1770.50 1774.75 1771.50 Source: Thomson Reuters CAST BAR Sep 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 472 346 10gm136 words
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Article94 2012-09-19 30 Sep 18 Sep 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.29 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.97 100.03 100.03 5-Year94 words
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Article57 2012-09-19 30 Sep 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2790.0 2873.0 2791.0 2683.0 470 4879 Nov 12 2850.0 2936.0 2850.0 2776.0 ***** ***** Dec 12 2889.0 2986.0 2894.0 2827.0 ***** ***** Jan 13 2910.0 3029.057 words
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Article154 2012-09-19 30 Sep 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2773 1.2795 1.0419 1.0429 Canadian dollar 1.2559 1.2577 1.0251 1.0245 Euro 1.6026 1.6042 1.3073 1.3075 NZ dollar 1.0119 1.0139 0.8254 0.8264 Sterling pound 1.9890 1.9910 1.6225 1.6228154 words
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Article123 2012-09-19 30 As at 9am Sep 18 Sep 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.312 1.250 Can dollar 1.286 1.225 Euro 1.642 1.564 Sterling pound 2.025 1.948 NZ dollar 1.040 0.991 US dollar 1.241 1.194 Local dollars to 100 units123 words
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Article157 2012-09-19 30 Sep 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 1.00 0.80 12157 words
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Advertisement229 2012-09-19 31 SAXO CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg Great minds trade alike. 430,000 counting, as a matter of fact. LarJ It's no surprise that SaxoTrader is the leading online platform choice for 430,000* experienced traders around the world when it comes to making the right call. With Saxo's rich tools,229 words
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Advertisement250 2012-09-19 32 a 3 Sylvia Urn Senior Director, Private Clients Leonard Tan Heng Koon How, CAIA Martin Hausmann Did you know that Asia-Pacific is now home to the highest number of high-net-worth individuals in the world? And because of this, there's a rapidly growing demand for skilled individuals in the booming wealth250 words
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Advertisement319 2012-09-19 33 TRAde The mARkeTs ON The mOVe CFDs AND FOREX Now on DealBook® for Android™ Never miss a market move with the latest addition to our award-winning dealBook® trading suite. designed for Android users, this app helps you stay in touch with the markets and execute trades wherever you are. Open319 words
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executive Money
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1458 2012-09-19 34 BOBBY JAYARAMAN - Having proven the resilience of their business models, they have become a desirable asset class for all seasons, says BOBBY JAYARAMAN BOBBY JAYARAMAN The author is a private investor. The above article is a summary of some ideas from his recent book, ‘Building1,458 words
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Article, Illustration1218 2012-09-19 31 JENNA WORTHAM - Entrepreneurs using this Internet model to raise funds face a lot of pressure to succeed, reports JENNA WORTHAM reportsJENNA JENNA WORTHAM NYT [PORTLAND, Oregon] AN effort to build a sleek aluminium charging dock for the iPhone generated fervour online when it was announced in December. TheNYT - 1,218 words
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Article, Illustration1619 2012-09-19 32 LISA ABRAMOWICZ - Yields on speculative-grade notes are at 1bp less than what’s being paid by senior secured loans, reportsLISA LISA ABRAMOWICZ Bloomberg [NEW YORK] INVESTORS are so attracted to junk bonds that they’re accepting less compensation than holders of loans, which get paid first in bankruptcies. YieldsBloomberg; REUTERS/BLOOMBERG - 1,619 words
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928 2012-09-19 32 Bloomberg [TORONTO] Canadian companies from BCE Inc to Westcoast Energy Inc are likely to take advantage of a renewal of risk appetite among investors worldwide to push corporate debt issuance towards a record high this year. Royal Bank of Canada and BankBloomberg - 928 words
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Article, Illustration689 2012-09-19 33 Aussie fund company sees opportunities as fading boom batters mining stocks Reuters [SYDNEY] Australian fund company Allan Gray, known for its prowess to sniff out good deals, said it was waiting to jump into the resources sector as the country’s fading mining boom batters stockReuters; AFP - 689 words
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564 2012-09-19 33 Event Driven is best performing strategy, putting on 1.38% HEDGE fund strategies which were exposed to the equity risk factor having adapted to the newly established market regime displayed improved performance in August when compared to the previous month, calculations by EDHEC-Risk564 words
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Advertisement90 2012-09-19 34 if(r 2? <9V. f]/.S’* ■0 i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help90 words
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