The Business Times, 28 July 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, July 28,2010
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  • 772 1  -  But company has not spelt out cost or discussed response By CONRAD TAN, JAMIE LEE [SINGAPORE] More than 80,000 notices were sent out by Global Yellow Pages to businesses here in the past few weeks, demanding payment for a directory-list-ing service they had
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  • 952 1  -  Oil spill exacts its price as quarterly losses hit US$17.2b and CEO Hayward gets the boot By NEIL BEHRMANN AFTER reporting one of the largest losses in British corporate history, BP has also announced a massive sales drive to pay
    Source: BP, Graphic adapted from AFP  -  952 words
  • 141 1 ST INDEX 2,979.38 (+12.39) ST INDEX FUTURES 2,979 (+13) SIMSCI 352.45 (+2.21) SIMSCI FUTURES 353.00 (+2.40) FOREX US$ S$ US$ (S$ per US$) 1.363 (US$/S$ per 1.547 2.108 EURO (US$/S$/E) 1.298 1.770 Foreign currency per US$ S$ YEN 87.20 64.00 RM 3.190 2.340 HK$ 7.768 5.700 BAHT 32.21
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  • Page 1 Advertisements
    • 56 1 LEADERSHIP CHANGE Philip Jeyaretnam to lead Rodyk Davidson PAGE 4 OPINION EU hedge fund rules may hurt investors PAGE 20 COMPANIES CMA eyes more mall acquisitions in M’sia PAGE 11 EXECUTIVE MONEY Stock markets finely poised PAGE 32 Dr Kay Segler, president, BMW M BMW sees Asian demand for M
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    • 3 1 8 '*****1 *****4
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    • 218 1 I f ctirono meter o SNJ V •u. Time, incomparably crafted L.U.C Tourbillon Tech Twist. Chopard vividly illustrates its ability to blend advanced technologies with cutting-edge design through this state-of-the-art model embodying the contemporary essence of its unique Twist concept based on asymmetrical design details. This spectacularly avant-garde timepiece is
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    • 16 1 BP still committed to Jurong Aromatics deal, Page 4 Dudley BP’s globetrotting Mr Fix-it, Page 16
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  • TOP STORIES
    • 587 2 BP to hawk assets worth US$30b to pay its bills AFTER reporting one of the largest losses in British corporate history, BP also announced a massive sales drive to pay its bills. It plans to sell some US$30 billion of assets to cover the Gulf of Mexico oil
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    • 408 2 Airline is on schedule to find a successor for him: chairman [SINGAPORE] Singapore Airlines Ltd (SIA), the world’s second-largest carrier by market value, said it is considering “several” candidates to become chief executive officer as Chew Choon Seng signalled that he will
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    • 621 2  -  Put off by Fortis’s aggressiveness, it launched GO: source By NISHA RAMCHANDANI [SINGAPORE] Khazanah Nasional would have never launched a takeover bid for Parkway Holdings if not for the stalemate reached with India’s Fortis Healthcare, a source familiar with the matter told BT yesterday. Khazanah’s
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    • 685 4  -  The authorities there are prepared to offer very attractive rental, tax incentives By CHEN HUIFEN in Tianjin ONE day, there may be a “Little Singapore” in Tianjin if the business possibilities being explored by Singaporean companies there this week comes to fruition. Representatives
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    • 437 4  -  By RONNIE LIM [SINGAPORE] BP’s US$10 billion-plus deal to supply feedstocks and take some end-products from the upcoming US$2 billion Jurong Aromatics Corporation (JAC) project on Jurong Island still stands, as does its commitment to provide about US$35 million in mezzanine loans to
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    • 590 4  - Philip Jeyaretnam to lead Rodyk Davidson By LYNETTE KHOO [SINGAPORE] The Republic’s oldest law practice Rodyk Davidson is slated for a leadership change that will usher in senior counsel Philip Jeyaretnam as the new managing partner. Helen Yeo is stepping down from the role after eight years since her law
      590 words
    • 465 4  -  By EMILYN YAP [SINGAPORE] Fraser and Neave’s (F&N) largest shareholder OCBC Group will hold on to its stake in the conglomerate. OCBC told BT this yesterday, a day after F&N’s second largest shareholder Temasek Holdings sold its entire 14.7 per cent interest to
      Source: Bloomberg  -  465 words
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    • 164 4 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School University of California Berkeley Haas School of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished class. J* T The programme has opened my mind to more innovative thinking and uncharted business possibilities. 1 BERKELEY-NANYANG ADVANCED MANAGEMENT
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    • 24 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. £0 MAT-3 NOTICES
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  • COMPANY NEWS
    • 614 5  -  Turnaround from loss helped by A$11.8m of revaluation gains on investment property By KALPANA RASHIWALA CAPITALAND subsidiary Australand has returned to the black at half time. It has posted A$72.2 million (S$88 million) net profit for the first half ended June 30, 2010, against a
      614 words
    • 454 5  -  By FELDA CHAY SINGAPORE Airlines shares rose 26 cents yesterday to close at $15.02 following its better-than-ex-pected first quarter results. And some analysts say the airline looks set to beat full-year net profit estimates. A Morgan Stanley report issued on Monday after the
      454 words
    • 234 5 CONSCIENCEFOOD, an Indonesian maker of instant noodles, yesterday launched an initial public offer to raise $18.8 million. It is selling 104 million shares at 22 cents apiece, which prices the company at 5.6 times historic earnings. Consciencefood earned 3.9 Singapore cents last financial year, or 85 billion
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    • 755 6  -  HOCK LOCK SIEW By KALPANA RASHIWALA CAPITACOMMERCIALTrust (CCT) reiterated last week that it will not distribute a special payout to unit-holders when it completes its $380 million sale of StarHub Centre in September. Likewise, it did not return proceeds to
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    • 317 6  -  By AMIT ROY CHOUDHURY SINGAPORE’S three telcos yesterday announced price plans for the iPhone4 which will hit the stores this Friday. Interestingly, the phone itself will be sold by the telcos at a cheaper price than what they charged when the previous version
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    • 167 6 VAN Der Horst Energy yesterday reported a full-year loss of $20.4 million, against a net profit of $7.56 million for 2009. Sales fell 12.4 per cent to $21 million but the biggest hit was due to a $22.6 million impairment of intangible assets. VDH
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    • 847 7  -  $658m loan facility used for City Center complex, replaces that by Credit Suisse By NICHOLAS YEO TREASURY Holdings Real Estate, the trustee manager of locally listed Treasury China Trust (TCT), has announced the completion of a five-year $658 million multi-currency loan facility for the
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    • 322 7  -  But sales were up 39 per cent to US$33 million By CHEW XIANG BIOSENSORS International has reported net profit of US$3.24 million for the first quarter ended June 2010, down 23 per cent year on year. Sales rose 39 per cent to US$33 million from
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    • COMPANY BRIEFS
      • 57 7 ADDVALUE Technologies, a developer and supplier of mobile satellite terminals, yesterday reported a first-quarter net profit of $1.37 million, compared with a $582,000 net loss a year ago. Revenue was up sharply to $5.89 million, from $733,000 a year back. The company said it
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      • 61 7 STRAITS Asia Resources says Newton Investment Management, a subsidiary of The Bank of New York Mellon Corporation, has become a major shareholder with a 5.15 per cent stake. Newton bought 58.16 million Straits Asia Resources shares for around $2 (US$1.47) each in the open
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      • 36 7 UBS has pared its stake in Hyflux to 4.96 per cent from 5.64 per cent, after a series of transactions. The change of interest was reported on July 23.
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    • 199 7 At a glance Three months ended June 2010 Six months ended June 2010 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG Mapletree Log 61.70 57.26 7.8 103.39 105.23 -1.8 30.86 28.66 7.7 51.98
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    • 568 6 INITIAL PUBLIC OFFERING Headquartered in Indonesia, and with a 12-year proven track record, we manufacture and sell quality and competitively priced instant noodles and snack noodles primarily in Indonesia. We also export to overseas markets such as Malaysia, Papua New Guinea, South Africa, Hong Kong, Palestinian territories, Madagascar and Singapore.
      568 words

  • Page 7 Advertisements
    • 144 7 A STAR ALLIANCE MEMBER Singapore to Europe from SG$ 1188* Amsterdam Hamburg Moscow Barcelona Bologna Athens Madrid Istanbul Munich Zurich Paris Vienna Dusseldorf Stockholm Manchester Free accommodation or free city sightseeing tour in Istanbul. Turkish Airlines takes you to more than 60 cities in Europe and over 160 cities worldwide.
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    • 55 7 We~re #1. Kreab Gavin Anderson was ranked by mergermarket (a division of the Financial Times Group) as the number one PR advisor on Asia Pacific M&A during the first half of 2010. We advised on over US$14 billion of transactions during this period. We~d like to thank our clients for
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  • SINGAPORE MARKETS
    • 1021 8  -  This index points to most Asian units yuan too being grossly undervalued CURRENCIES CHEW XIANG Reporter THE latest Big Mac Index suggests as it has for most of the past 12 years or so that most Asian currencies are seriously undervalued, while
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 7 0 0 0 4 6 7 Manufacturing 65 37 81 8 10 12 73 47 93 Commerce 17 19 25 5 3 1 22 22 26 Tpt/Stor/Comms 15 14 15
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    • BROKERS’ TAKE
      • 276 8 July 27 close: S$15.02 Citi Investment Research, July 26 SINGAPORE Airlines (SIA) reported Q1 FY2011 (to June 2010) profit of S$253 million (Q4: S$278 million), below Citi estimates (S$273 million) due to higher-than-expected fuel hedging losses of S$78 million. Importantly, passenger yields improved to 11.70 cents (Q4: 11.10
        Source: Bloomberg  -  276 words
      • 487 8  -  Ship July 27 close: S$0.41 DBS Vickers Securities, July 27 Compiled by JAMIE LEE THE lower distribution per unit (DPU) payout follows premature re-delivery of two product tankers by customer Groda Shipping, consequent arrest of the vessels, and loss of long-term charter-hire from the two vessels.
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    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 20,141 20,141 71,515 71,515 Manufacturing 314,452 41,921 356,373 250,969 4,876 255,845 Commerce 81,545 12,889 94,434 100,609 2,805 103,413 Tpt/Stor/Comms 129,790 120 129,910 308,739 19 308,758 Finance 21,214 107 21,321 204,476 11 204,488 Construction 16,554 172,291
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    • 111 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.050 CapitaLand 3.850 -0.040 CapitaMall 1.980 +0.020 CityDev 11.820 -0.140 ComfortDelGro 1.550 +0.020 DBS Grp 14.440 +0.160 F&N 5.740 +0.070 Genting SP 1.260 +0.020 Golden Agri 0.560 -0.005 HK Land 5.400 +0.130 JMH 40.060 -0.800 JSH 23.240
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    • 503 8  -  STOCKS VEN SREENIVASAN Senior Correspondent AFTER sliding during a nervous morning yesterday, Singapore stocks gained strength through the afternoon in tandem with the Hong Kong and Shanghai markets. Also boosting sentiment was a pick-up in Wall Street stock futures and a positive
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    • 4 8 DAILY
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    • 66 8 Jul 27 VALUE CLOSE BT OB/OS 308.00 +36.00 BT CADI -*****.00 +42.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 732.62 +3.34 FTSE ST Small Cap 544.20 +1.71 FTSE ST All Share 735.69 +3.06 FTSE ST China Top 271.59 +1.23 FTSE ST China 300.99 +3.79 FTSE
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    • 56 8 VOLUME Genting SP 172,428,000 TopGlobal 146,489,000 Informatics 69,923,000 China Hongxing 57,607,000 Golden Agri 46,992,000 Ezra 30,661,000 Noble Grp 30,193,000 RafflesEdu 26,729,000 Parkway Hldgs 21,830,000 CapitaComm 19,462,000 VALUE($) Genting SP 215,724,190 SIA 136,608,170 Parkway Hldgs 85,762,480 DBS Grp 75,661,067 F&N 65,052,150 UOB 59,859,724 Noble Grp 51,449,650 CapitaLand 49,276,890
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    • 109 8 BY CENTS CLOSE UP DBXT MSEurope 10US$ 4084 162.1 3.0 DBXT Nifty 10US$ ***** 136.2 0.9 DBXT SPASX200 10US$ 2867 69.5 1.8 UOB 5.05%NCPS 100 ***** 40.0 0.4 UOB.ES.1007 1974 32.0 1.6 DBXT MSTHAI 10US$ 1215 31.3 1.9 Pru 500US$ 835 31.3 2.8 SIA 1502 26.0 1.8 Asia Pac
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    • 115 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5179-148.5 -2.1 JMH 4006-109.0 -2.0 JSH 2324-100.8 -3.1 GLD 10US$ ***** -79.0 -0.5 Jardine C&C 3540 -30.0 -0.8 CityDev 1182 -14.0 -1.2 SIA Engg 410 -12.0 -2.8 DBXT CSI300 10US$ 934 -10.9 -0.8 Great Eastern 1680 -10.0 -0.6 Spore Land 672
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    • 87 8 Where S$ stands Jul 27 CHNG YR 2010 CLOSE FR Jul 26 S$ LOW S$ HIGH US$ 1.3622 0.12 1.4219 1.3622@ Euro 1.7690 -0.37 2.0153 1.6886 Pounds 2.1091 0.21 2.2831 2.0003 A$ 1.2324 -0.80 1.2960 1.1515 Yen* 1.5591 0.74 1.5951 1.4467 Rupiah* 0.***** -0.05 0.***** 0.***** Baht* 4.2317 0.06
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  • SINGAPORE NEWS
    • 289 9 VISITOR arrivals in June rose 26.7 per cent to 950,000, from 750,000 in the same month last year, the Singapore Tourism Board (STB) said yesterday. And the latest figure is not only a seventh straight monthly rise but a June record, it
      REUTERS  -  289 words
    • 334 9 THE rapidly developing field of synthetic biology, which holds both potential and risks, was one of the topics of discussion at the 8th Global Summit of National Bioethics Advisory Bodies. The Bioethics Advisory Committee and Ministry of Health hosted the two-day summit that ended yesterday,
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    • 435 9  -  Analysts in panel give their take on the state of the world economy By JOYCE HOOI PEOPLE wondering whether the economy is out of the woods still have reason to seek refuge in the trees. Experts on the third NUS Business School-The Business
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    • 340 9  -  By EMILYN YAP HO Bee Investment is planning to invest about $1 billion to develop a commercial project at North Buona Vista Drive. The company told BT this after it submitted the top bid for a 99-year leasehold commercial
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    • 606 10  -  Q2 ad volumes up 39.4%; high demand in merchandising, purchasing sector By FELDA CHAY THE professional job market is heating up, particularly for those in the merchandising and purchasing sector, according to the latest report from HR consultancy firm Robert Walters. Tracking advertisement volumes
      606 words
    • 377 10  -  By KAREN NG WITH the recession receding, the government will phase out the Skills Programme for Upgrading and Resilience (Spur). The Ministry of Manpower (MOM) and the Workforce Development Agency (WDA) will focus on expanding the Continuing Education and Training (CET)
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    • 470 10  -  By LYNN KAN A JAPANESE giant has taken over a small Singapore company and will use it to reach out to the world. FirstApex, which provides IT solutions to insurance companies, has been acquired by Japan’s NTT Data Corporation, which is trying
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    • 309 10  -  ACRA revamps core expertise categories in CPE syllabus By JOYCE HOOI PUBLIC accountants will now have more time to fulfil their continuing professional education (CPE) requirements, through changes announced yesterday by the Accounting and Corporate Regulatory Authority (ACRA). From Jan 1 next
      309 words
    • 238 10 SENIOR Minister S Jayakumar yesterday urged Singapore businesses not to underestimate the importance of IT security and supply chain security and to fortify their operations to withstand possible disruptions. Speaking at the 2010 National Security Dialogue, Professor Jayakumar, who is
      238 words
    • 237 10 CONSTRUCTION for the long-awaited Labrador Nature and Coastal Walk began yesterday and by the first half of 2012, the public will be able to explore new nature walks over the sea, mangrove and forested areas. The Walk at the Labrador Nature Reserve will cost
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    • 363 10 BUSINESS LEADERS INITIATIVE BUSINESS LEADERS FORUM 2010 25 AUG 2010 GEAR UP FOR GROWTH /< Tss The Business Leaders Forum with the theme "Gear up for Growth" focuses on business growth strategies and thought leadership for enterprises like yours to successfully bring your business to the next level. Our distinguished
      363 words

  • MALAYSIA/INDONESIA
    • 745 11  -  It sees potential in underperforming malls in Johor Baru, Malacca, Penang By in PAULINE NG in Kuala Lumpur CAPITAMALLS Asia (CMA) might have taken its time getting to Malaysia but now it wants to ride on the country’s market potential as well as
      FILE PHOTO  -  745 words
    • 432 11 Reuters [KUALA LUMPUR] Malaysia’s Maybank expects to see a 50 per cent rise in the value of its investment banking deals this year as the stable global economy galvanises fund-raising activity, a senior official said yesterday. Maybank, Malaysia’s largest listed firm, said a
      Reuters  -  432 words
    • 232 11 Reuters [JAKARTA] Indonesia will cut the size of a global sukuk issue planned for this year after the government lowered its forecast for the budget deficit and reduced its borrowing requirement, a source told Reuters yesterday. Indonesia had aimed to raise up
      Reuters  -  232 words
  • Page 11 Advertisements
    • 238 11 Redefining Investment Executive MSc in Risk and Investment Management Singapore London Nice n Designed for practitioners and delivered over seventeen months of part-time study in Asia or Europe The global financial crisis has challenged conventional wisdom and underscored the need for the investment industry to go beyond traditional approaches to
      238 words

  • ECONOMY WATCH
    • 554 12 Groups recommend ways to meet target of doubling exports Reuters [WASHINGTON] President Barack Obama needs to quickly win approval of free trade agreements with South Korea, Colombia and Panama and start talks on new trade deals with Brazil, India and others if he
      Reuters  -  554 words
    • 565 12 Bank of England to gain broader powers over financial regulation Reuters [LONDON] Britain fleshed out its plans for sweeping reform of financial supervision on Monday, starting with a new macro watchdog in the autumn. The new coalition government was launching a public consultation on
      Reuters; REUTERS  -  565 words
    • 348 12 Reuters [LONDON] Business Secretary Vince Cable warned British banks on Monday that they could face a tax on profits if they pay too much in dividends and bonuses at the expense of lending to smaller businesses. Mr Cable said that getting
      Reuters  -  348 words
  • Page 12 Advertisements
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    • 88 12 LUCKYCONDOTE LIMITED (the ~Company~) (Company Registration No. *****4001H) (Incorporated theRepublic Singapore) NOTICE OF REDEMPTION EARL REDEMPTIONOFTHE S$105,000,000SECUREDFIXEDRATENOTESDUE 201 (THE ~FIXED RATE AND(ii)S$105,000,000SECUREDFLOATINGRATE NOTESDUE201 (THE ~FLOATINGRATE .1 1. Reference made theNotice Redemption(the ~Notice issuedby theCompanyandpublished theBusiness imeson23July2010. .2 2. TheCompanywishes drawtheattention theNoteholders line paragraph theNotice Redemptionwherethereference M ~1 March 2010 shouldbe
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  • Page 12 Miscellaneous
    • 22 12 JACKPOT fit fJi L S rv > £> TOMORROW RCB Reg No: *****0202G For details, visit www.singaporepoois.com.sg Towards Community Purpose and Benefit SINGAPORE m
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  • GREATER CHINA
    • 299 13 Reuters [SHANGHAI] Bank of New York Mellon Corp (BNY Mellon) is seeking Asian investor ownership of the company, especially China, its chairman said yesterday. “We do want to increase ownership from Asia,” Robert Kelly told Reuters on the sidelines of a news conference.
      Reuters; AP  -  299 words
    • 274 13 AFP [SHANGHAI] China’s securities regulator has given the green light to China Everbright Bank’s planned initial public offering (IPO), which could raise up to 20 billion yuan (S$4 billion). The decision by the China Securities Regulatory Commission announced late on Monday comes as state-owned banks
      AFP  -  274 words
    • 485 13 Not all loans that are considered at risk will actually turn sour: official Reuters [BEIJING] Not all the loans to local government financing vehicles that Chinese banks have identified as being at risk will in fact turn sour, a source at China’s
      Reuters  -  485 words
    • 195 13 Reuters [BEIJING] China will make its “proactive fiscal policy” more flexible and targeted in the second half of this year, Finance Minister Xie Xuren said yesterday. Mr Xie said the policy priority would be to boost household spending, for example through continuing to subsidise rural
      Reuters; BLOOMBERG  -  195 words
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    • 734 13 CENERALE SOCIETE GENERALE BANK TRUST A bank incorporated in Luxembourg Head Office: 11 avenue Emile Reuter L-2420 Luxembourg RCS Luxembourg B 6061 Notes to the Accounts which form an integral part of the financial statements together with a list of Societe Generale Bank Trust subsidiaries can be obtained from Societe
      734 words

  • INDIA
    • 399 14 Main factor behind move is to contain inflation, which has stayed above 10% Reuters [MUMBAI] India’s central bank raised interest rates more forcefully than expected yesterday in the face of inflation that has held stubbornly above 10 per cent for the past five
      Reuters  -  399 words
    • 155 14 Reuters [NEW DELHI] The Indian government is planning to create an US$11-billion debt fund to bridge a funding shortfall and ease the financing of power sector projects, Mint newspaper reported yesterday citing a government official. “The fund is in the process of being formulated,”
      Reuters  -  155 words
    • 393 14 It seeks firmer ties during visit of military chief Reuters [NEW DELHI] India yesterday promised Myanmar millions of dollars in credit during a visit of the latter’s military chief as it seeks firmer ties to offset China’s influence in the strategic Bay of Bengal
      Reuters; BLOOMBERG  -  393 words
    • 211 14 AFP [DHAKA] Energy-hungry Bangladesh will begin importing power from India by late 2012 after the two countries signed a landmark electricity transmission deal, an energy official said yesterday. India will export up to 500 megawatts under the 35-year deal signed by the state-run power
      AFP  -  211 words
  • Page 14 Advertisements
    • 199 14 4000 INTERNATIONAL STANDARD BOOTHS YOUR GATEWAY TO A HUGE MARKET WITH 1.9 BILLION CONSUMERS THE 7TH CHINA-ASEAN EXPO OCT. 20-24, 2010 NANNING CHINA Pavilion of Commodity Trade Pavilion of Trade in Services "> Pavilion of Investmen Pavilion of Advanced Technology Pavilion of Cities of Charm High-end Forums/Conferences Co-sponsored by governments
      199 words
    • 152 14 Subscribe and Get Rewarded! The Straits Times Digital The latest news. Anytime, any Gu0 STRAITS TIMESDIGITAL:HTML tWO*K»I AM* Rising v»an forces rethi^ofChinao^ J ,1 tM .un n (re"**-"-! Worid SSTKS A W1*W A lMkk>ck >1 DM nrnl IIMlaricVaM*** ,»>« cnnWn«€Ml «!•<>- nsight THE s««mmy« Jri (■MhltMMMN Gain access to: Full
      152 words

  • ASIA-PACIFIC
    • 510 15 It is likely to start manufacturing only when best-selling hybrid is remodelled Reuters [TOKYO] Toyota Motor Corp has pushed back plans to build its Prius in the United States by as much as six years, with a top executive saying US production is likely
      Reuters; REUTERS  -  510 words
    • 224 15 It wants to increase its competitiveness against Asian rivals AFP [TOKYO] The Tokyo Stock Exchange (TSE) is considering doing away with its 90-minute lunch break and extending its trading hours in a bid to increase its competitiveness against emerging Asian rivals. Asia’s biggest bourse
      AFP  -  224 words
    • 213 15 AP [TOKYO] Yahoo Japan Corp said yesterday that it will use Google technology to run its search engine and search ad delivery system, after a similar deal in the United States was derailed by regulators concerned about a monopoly. The decision by
      AP  -  213 words
  • Page 15 Advertisements
    • 24 15 adv "Knowing your markets and business competitors gives you an edge above the rest." BlackBoard Market Research Business Plans Content Writing www.theblackboard.asia Enquiries: jk@theblackboard.asia
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    • 29 15 Be Vigilant. Be Resilient. Be United Against Terrorism. mmgm v 1 -t*" •> SI u.--r..-: V USFE r.-.L-t rt:r,tt::rrt Be as One. W/ T ♦V i NATIONAL SECURITY COORDINATION SECRETARIAT
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  • WORLD
    • 454 16 Figures for July are a sign that lack of jobs will limit economy’s recovery LATEST US DATA Bloomberg [NEW YORK] Confidence among US consumers declined in July to a five-month low, a sign the lack of jobs will limit the economy’s recovery. The Conference
      Bloomberg; AFP  -  454 words
    • 866 16 Dudley BP’s globe-trotting Mr Fix-it His standing surged after he took over response to oil spill AP [LONDON] Bob Dudley’s sudden rise to the top at BP plc shows how the Gulf oil spill has dramatically changed the fortunes of people from local fishermen to corporate executives. Seen as an
      AP  -  866 words
    • 540 16 Reuters [FRANKFURT] German banks appeared to cave in to pressure from European Union regulators on Monday as they joined EU peers to reveal the extent of their exposure to heavily indebted eurozone nations. The banks (Deutsche Bank, Hypo Real Estate, Landesbank Berlin and cooperative banks
      Reuters  -  540 words
    • 740 17 Quarterly figures of 2 top Europe banks show sector’s ability to withstand shocks Reuters Bloomberg [ZURICH/FRANKFURT] Quarterly results from two of Europe’s top banks, UBS and Deutsche Bank, reassured investors yesterday of the banking sector’s ability to withstand financial shocks. Their results that exceeded
      Reuters; Bloomberg; AP  -  740 words
    • 568 17 Legal now to bypass controls on what software it will run NYT [WASHINGTON] Apple likes to maintain tight control over what programs can appear on the iPhone a task that just became a little bit harder. The Library of Congress, which has the power
      NYT  -  568 words
    • 581 18 Investors shift focus to US as dollar slips, economic data fall short of estimates Bloomberg [LONDON] The combination of growing confidence in Europe’s economy and mounting evidence of a slowdown in the US is driving euro bears into hiding. After tracking the
      Bloomberg; BLOOMBERG  -  581 words
    • 441 18 AFP Reuters [TEHRAN] Iran vowed yesterday to press ahead with its nuclear programme even as it expressed readiness to resume talks about the controversial issue despite being slapped with tough new EU sanctions. The European Union imposed fresh sanctions on Iran’s key energy
      AFP; Reuters  -  441 words
    • 744 18 Troubling US, Japan, eurozone outlook shapes trend Reuters [NEW YORK] Investors’ love affair with the “other” currencies may be just beginning. The Canadian dollar, Australian dollar and Swedish kronor are gaining in popularity as investors increasingly look for alternatives amid troubling outlooks
      Reuters; BLOOMBERG  -  744 words
    • 464 18 AFP [CARACAS] A threat by Venezuelan President Hugo Chavez to suspend oil exports to the United States, amid a dispute with Venezuela’s neighbour and US ally Colombia, would be “economic suicide”, analysts say. Mr Chavez broke off diplomatic relations with Colombia
      AFP  -  464 words
    • 635 18 NYT [NEW YORK] Snooki had kissed The Situation, Ronnie had hugged Sammi goodbye and the cameras had stopped rolling. Last summer, Jersey Shore wasn’t yet a runaway hit; it was just another reality show in the works for MTV. Nonetheless, the show’s
      NYT; AP  -  635 words
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    • 1860 16 WAT-ci NOTICES MD IT TOP GLOBAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****3719Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Top Global Limited (the "Company") will be held at Orchard Parade Hotel, 1 Tanglin Road, Singapore *****5 on
      1,860 words
    • 124 16 INTHEMATTEROF THE OMPANIES CCAP50 AND INTHEMATTEROF VIRIDIEMPTE. TD. (InMember oluntar Winding-Up) Compan egis ationNo.2008 3E NNOOTICE HEREB GIVEN pursuant Section308 heCompaniesAct,Cap. 50, hat FinalMeeting heMember fo f of ttheCompan willbeheld 00Beac RRoad #25-06 Shaw Singapor *****9702on he th thdayday Augus20 110.00amforhepurpose layingbefor tthe meetinganaccountshowingho winding-up had been conducted and tthe
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  • Page 17 Advertisements
    • 317 17 •"■J: AllianzGI US High Yield Fund Receive Fixed Payout Grow Your Capital Enjoy returns in SGD at 7.2cents per unit, annually*. For more information, visit or contact any of our distributors today. Allianz (jfi) Global Investors Distributed by: Citi never sleeps AV1VA 6827 7555 CIMBBANK citibank fundsupermart 6333 7777 6225
      317 words


  • NEW NORMAL ECONOMY
    • 1761 19 One estimate puts trend growth in the advanced economies slowing to about 1.5% a year from a 2.8% pre-crisis pace Bloomberg [WASHINGTON] THE new normal for the world economy may be arriving as the US, Europe and China all decelerate simultaneously. After policy stimulus and inventory-rebuild-ing pulled
      Bloomberg; BLOOMBERG  -  1,761 words
  • Page 19 Advertisements
    • 54 19 Reach Serioiis Gourmets In This Targeted Space AmyChoo 6319 1559 9690 3432 Adeline Goh 6319 6127 9681 8289 Amy Leo 6319 2129 9730 7101 Lawrence Chang 6319 1650 *****919 LinaTan 6319 2045 9620 1355 AlisaTan 6319 1480 *****381 Jeffrey Nah 6319 2054 9623 2128 Alfred Lee 6319 2037 9673 3578
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    • 67 19 located at Level 4 Food for your soul Zenden's creative menu and contemporary cuisine is inspired by the arts memorable, provocative, always inventive. Feed your soul at our lunch buffet offer at $23 per person or have our one-for-one dinner main course. Call us now on 6849 8686 for reservations.
      67 words

  • EDITORIAL & OPINION
    • 506 20 EDITORIAL THE campaign for the Australian general election on Aug 21 seems to have settled on a handful of issues, two of which may be pivotal: immigration and its emo-tion-charged subset, refugee arrivals by boat and a newly-conceived tax on mining profits. On immigration, incumbent
      506 words
    • 784 20  -  THE BOTTOM LINE AL LABITA The writer is a Manila-based contributor to BT THOUGH Philippine president Benigno Aquino is barely a month into his six-year term, public expectations are exceedingly high that he would live up to his election campaign promises, especially
      784 words
    • 916 20  -  Highly contentious, they raise costs and risks and may ignite a regulatory war with the US By MELVYN TEO POLITICIANS in the European Union have put the blame for the financial crisis squarely on hedge funds. Given their secretive nature, it is no
      REUTERS  -  916 words
    • 1430 21  -  As it becomes a bigger player in global finance, its engagement will likely contribute to healthy relations among nations By KEN MILLER The writer is CEO and president of the merchant banking firm Ken Miller Capital LLC, director of the USA Pavilion at the
      AFP  -  1,430 words
    • 997 21  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a forthcoming book on the Greek debt crisis. The opinions expressed are his own ONE thing has become clear during the sovereign-debt crisis: governments everywhere are going
      REUTERS  -  997 words


  • Transport HUB
    • 1015 22  -  ICS wants review of availability of equipment for ballast water treatment to meet compliance deadlines STRAIT TALK By DAVID HUGHES CRITICS of the International Maritime Organization (IMO) often say it moves too slowly. They tend to be from outside the industry and particularly from
      1,015 words
    • 441 22 Reuters [DUBAI] Only three cargoes of gasoline have reached Iran so far in July, according to a shipping document seen by Reuters much less than the seasonal norm, as new sanctions divert ships carrying fuel. A series of sanctions agreed since June over
      Reuters  -  441 words
    • 510 22 Reuters [BUENOS AIRES] The In-ter-American Development Bank (IADB) has highlighted the lack of direct shipping services between Latin America and India, noting that punitive import taxes were stifling the potential for closer ties at a pivotal time for the global economy. In
      Reuters; BLOOMBERG  -  510 words
    • 278 22 SGX '000 Jul 27 S$ +/-Vol CH Offshore 0.55 0.01 2511 Chuan Hup Hldg 0.27 0.01 150 Cosco Corp 1.61 -0.01 ***** CWT Ltd 0.90 0.01 1044 Ezra Hldgs 2.04 0.08 ***** First Ship Lea 0.41 -0.01 1857 Freight Links 0.05 -0.01 1590 Grand Banks unch unch 0
      278 words
    • 335 22 Reuters [BAKBAKTY, Kazakhstan] Kazakhstan aims to handle half of the Caspian Sea’s commodity cargoes by 2013 after expanding its fleet of oil tankers with the help of private investors, the country’s transport minister said on Monday. The larger fleet will allow Central Asia’s top
      Reuters  -  335 words
    • 206 22 Reuters [ST PETERSBURG] Russia needs to expand its port facilities to meet growing demand from oil, coal and other exporters, Deputy Transport Minister Viktor Olersky told Reuters. The world’s top oil producer and fifth largest coal exporter ships a large proportion of its energy
      Reuters  -  206 words
    • TRANSPORT HUB: AVIATION
      • 611 23  -  US carriers are most aggressive at chasing such ancillary income By VEN SREENIVASAN [SINGAPORE] With ticket prices and yields still under pressure despite better operating conditions, airlines have increasingly turned to ancillary revenue for profit. Figures from travel technology giant Amadeus and airline consultancy IdeaWorks
        611 words
      • 262 23 Reuters [LONDON] The union representing British Airways cabin crew said on Monday it would take legal action against the airline over the removal of travel concessions from striking workers. BA rejected the claim, saying it could withdraw travel perks at
        Reuters  -  262 words
      • 542 23 IHT [HONG KONG] Cathay Pacific has deployed a new weapon in the fight for the hearts, minds and wallets of international air travellers: its employees. Like Mona, a senior purser, who likes to crochet. And Ben, a cargo reservation sales officer, who has recently
        IHT  -  542 words
      • 413 23 LAT-WP [WASHINGTON] The White House and General Electric are clashing publicly over a fighter-jet engine built by the company and its British partner, Rolls-Royce that has been on the Pentagon’s chopping block for years, only to be rescued repeatedly by Congress. The
        LAT-WP; AFP  -  413 words
      • 3006 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 MU8214 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605
        3,006 words
    • TRANSPORT HUB: LAND
      • 572 24  -  Travellers seeking exclusive driving experience its target By SAMUEL EE [SINGAPORE] Hong Kong is the only city in Asia where rental car company Avis offers sports models and this range of high-perform-ance vehicles will be expanded. Apart from good food and shopping, Hong
        572 words
      • 639 24  -  China now BMW M’s 4th biggest market; showroom here to create driver group By SAMUEL EE [SINGAPORE] BMW expects to double sales of its high-power M models in Asia within three years. Kay Segler, president of BMW M, said that Asia now
        639 words
      • 498 24 AP [NEW YORK] The car industry calls it range anxiety: Drivers want electric cars, but worry they won’t have enough juice to make long trips. After all, what good is going green if you get stranded with a dead battery? It’s a fear
        AP  -  498 words
      • 429 24 Reuters [ATHENS] Thousands of striking Greek truck drivers lined highways on Monday to protest against plans to open up their sector, widening resistance to government reforms prescribed in a multi-billion euro EU/IMF bailout. On the day when Greece’s international lenders started an
        Reuters; XINHUA  -  429 words
      • 344 24 Reuters [HONG KONG] Chinese carparts makers are moving into the overseas M&A fast lane, eyeing a distressed global market to close a technology gap with world leaders to meet sizzling demand at home and eventually sell overseas. Several major deals have already been inked
        Reuters  -  344 words
  • Page 22 Advertisements
    • 41 22 Win 2 Tickets To Exotic Istanbul On Turkish Airlines i u j Mi *J<P? i\ *1 'M: /_og on to sgtravel lers. cjm the ultimate travel resource by 5PH Sponsored By: TURKISH AIRLINES A STAR ALLIANCE MEMBER Content Powered By: rednano.sg
      41 words

  • Page 23 Miscellaneous
    • 330 23 CRYPTIC CROSSWORD Across 1 Obsessive type teaches at Hogwarts? (12) 9 What gangster demands, muscle in among others (7) 10 Strong wind damaged a celebration (7) 11 Being crazy turned to use knife (4) 12 Vintage traveller through space in small vessel (5) 13 Subtle punishment (4) 16 Developing loftier
      330 words


  • SINGAPORE STOCKS
    • 8953 25 Transaction date: Jul 27 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 20 10.5 3148 8Telecom 18 unch 745 18 18 18 18.5 1.7 10.1 5.8 86.2 10 6 5834
      8,953 words
    • 1878 26 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 10 5 1181 t AA Grp 5 4.5 6 27.8 4.8 225 130 6222 t APStrategic 200 121 190 118.7 4 0.5
      1,878 words
    • 9415 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.6015/ Asian Credit Fund
      9,415 words
    • 774 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114 +1 1 114 114 114 118 520.4 903 710 CIMBAsean40 100US$ US903 +12 200 903 893
      774 words
    • 78 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 29 6000 AVJennings A43 40.5 48 3.6 8.1 3.4 112 31 16 6017 Genting HK US$ US22.5 unch 6296 22.5 22 22 22.5
      78 words
  • Page 25 Advertisements
    • 50 25 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 •SINCERE HAUTE HORLOGERIE SINCERE HILTON SINGAPORE (65) 6738 9971 WATCHES OF SWITZERLAND PARAGON (65) 6732 9793
      50 words


  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 26 Index Change Change Change Change Change Change World Index Preliminary 813.3 0.7 -2.3 0.3 -6.2 1.0 -3.5 EAFE Preliminary 750.3 0.6 -4.4 0.4 -9.7 1.1 -7.1 Europe Preliminary 1096.8 0.7
      374 words
    • 180 27 Jul 27 $S Offer Bid Overnight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.40 0.30 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12
      180 words
    • 24 27 Jul 27 S$ Bid Offer 1-month 1.3622 1.3634 2-months 1.3620 1.3633 3-months 1.3619 1.3631 6-months 1.3612 1.3625 Source: OCBC Source: OCBC
      24 words
    • 132 27 Jul 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2150 1.2520 Can dollar 1.3110 1.3270 Euro 1.7580 1.7790 NZ dollar 0.9890 1.0110 Sterling pound 2.0960 2.1210 US dollar 1.3530 1.3690 Local dollars to 100 units of foreign
      132 words
    • 27 27 Jul 27 Open High Sett STI Jul 2979 SIMSCI Jul 350.3 353.6 353.0 Taiwan Jul 276.2 278.2 275.0 Source: MF Global (S) Pte. Ltd
      27 words
    • 66 27 Jul 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 10 2519 2555 2555 2515 121 4990 Sep 10 2480 2505 2505 2458 2683 ***** Oct 10 2460 2485 2585 2434 ***** ***** Nov 10 2462 2468
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    • 424 27 Jul 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.5450 0 1274 Dec10 99.4900 0 1281 Mar11 99.4050 0 2297 Jun11 99.2700 0 1981 EUROYEN TIBOR FUTURES Sep10 99.6550 0 3460 Dec10 99.6875 0 1522 Mar11 99.7000 0 1961 Jun11 99.6950 99.6950 99.6950 99.6975 0
      424 words
    • 138 27 Jul 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 10 318.0 315.0 318.0 129 Sep 10 310.5 Oct 10 303.0 Nov 10 300.0 Dec 10 299.9 299.0 299.9 18 Jan 11 299.0 299.0 300.0 12 Feb 11
      138 words
    • 93 27 Jul 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 28.10.2010 0.29 0.24 0.24 1-Year BY*****W 03.05.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.48 104.52 104.50 5-Year N*****0N 1.375 01.10.2014 102.77
      93 words
    • 105 27 Jul 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 10 998.25 1017.00 1015.50 994.25 Sep 10 974.75 991.00 990.50 970.00 Nov 10 966.00 981.50 981.75 961.00 Jan 11 974.50 989.75 990.50 970.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Aug 10 38.80 39.07 39.19
      105 words
    • 77 27 CRUDE OIL PRODUCTS Jul 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.64 0.54 WTI (Near Mth) 78.95 -0.12 Dubai (1-Mth F) 74.70 -0.56 Tapis blend 81.35 -0.40 Minas 78.10 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.33 unch Jet Kerosene 88.27 unch US$/barrel Opec Oil
      77 words
    • 2474 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 6221 Asia-Pacific Strategic W*****6 40 1 150 -5 5.00 46 6227 ASJ Hldgs W*****1 4 1 4 14 1.75 19 2036 Advance SCT Ltd W*****9 0.5 unch 150 1
      2,474 words
    • 465 27 Jul 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.930 6.112 0.695 7.007 42.162 81.311 0.787 10.663 2.877 1.228 77.175 41.463 1.229 6.630 0.952 28.885 29.047 0.583 0.902 Canada 1.075 6.570
      465 words
    • 85 27 Jul 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 27 Jul 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2284 1.2301 0.9017 0.9022 Canadian dollar 1.3206 1.3222 0.9694 0.9697 Euro 1.7685 1.7705 1.2982 1.2985 NZ dollar 0.9999 1.0016 0.7340 0.7346 Sterling pound 2.1067 2.1088 1.5464 1.5466
      154 words
    • 140 27 Jul 27 GOLD (US$/oz) Jul 26 Jul 27 Hong Kong 1191.40 1184.90 Jul 23 Jul 26 London 1190.40 1181.40 1191.20 1182.15 Source: Thomson Reuters CAST BAR Jul 27 (S$) Selling Buying Kilobar 55,868.98 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125.19 52 5gm 355.24 261 10gm 634.51
      140 words
    • 70 27 Jul 26 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2035.50 2009.75 3 months 2056.00 2030.00 Copper, Grade A (US$/tonne) Cash 7126.00 7008.00 3 months 7149.00 7029.00 Lead (US$/tonne) Cash 1993.50 1958.00 3 months 2015.00 1979.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 82 27 Jul 26 COCOA (£/tonne) Close Prev High/Low Sep 10 2279 unch 2314/2274 Dec 10 2168 2178 2196/2164 Mar 11 2144 2152 2171/2137 May 11 2149 2154 2163/2141 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1703 1710 1724/1716 Sep 10 1723 1730 1730/1706 Nov 10 1738 1744 1744/1720 Jan 11
      82 words

  • 5390 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
    5,390 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 40 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      40 words

  • Page 30 Advertisements
    • 502 30 There's an easier way your portfolio. 0.11 If you wanted to invest in gold, you could look for a place to buy it, hire someone to transport it, and store it behind steel walls. Or you could invest in SPDR® Gold Shares (GLD 10US$). It's a simple, precise way to
      502 words
  • executive Money
    • 1296 30 One cause of second-home misery in the US was that owners failed to factor in how much time and money were needed to maintain a place hundreds of miles away NYT [NEW YORK] Everyone needs a place to live, but no one needs
      NYT  -  1,296 words
    • 530 30 NYT [NEW YORK] Even in a bad year, some people can get very lucky. A newly released report by the Internal Revenue Service (IRS) shows that, for Americans as a group, total income fell at the fastest pace in decades in 2008, and
      NYT; BLOOMBERG  -  530 words
    • 1487 31 But skittish individual investors may limit market’s gains Bloomberg [NEW YORK] Mutual funds, pensions and endowments are spending more on stocks than at any time since the start of the bull market, just as individuals grow the most pessimistic in a year. Institutions pushed
      Bloomberg; AFP  -  1,487 words
    • 857 32  -  Probability of a positive market where stocks deliver double-digit return, and a negative one is almost evenly split, reports GENEVIEVE CUA GENEVIEVE CUA SINCE the start of the year, investment sentiment has swung between optimism and fear, buffeted by myriad issues ranging from European debt to
      857 words
    • 504 32 NYT [NEW YORK] Before a market sell-off can reverse course, investor sentiment must plummet not soar. That may sound counterintuitive, but the accepted wisdom on Wall Street is that it’s only after investors give up on stocks that prices can start to climb again.
      NYT  -  504 words

  • Page 31 Advertisements
    • 34 31 "IIII JERRY LUM Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg Lianhe Zaobao S'pore businesses lead to Taiwan to seize opportunities MMMkl ECFI Mnifrfeilk fiECFAffitll To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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    • 413 31 unning late in filing w i *W accounts? Call 6-222 6868 to find out more today. AccountServe www.AccountServe.com.sg MAT-3 «£3 NOTICES BUY IT- SELL IT• FIND IT CHUNGHONG HOLDINGS LIMITED (Company Registration No. *****5) REMINDER OF EXTRAORDINARY GENERAL MEETING (EGM) Please be informed that a Notice of Extraordinary General Meeting
      413 words
    • 211 31 IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF ENFORA(ASIA CIFIC)PTE. TD. (InMember oluntar Liquidation) Compan egis ationNo:*****3827K NNOOTICEOFRESOLUTIONS AAtt an Extraordinar Gener Meeting ENFORA(ASIA CIFIC)PTE. TD. eemed ot o to hav beendulycon nedandheldon28 July 20 hefollowingSpecial esolutions wweerree passedpursuant Section 79(6) tthhee CompaniesAct,Cap50 11.. That heCompan be
      211 words
    • 365 31 IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF (1)JPLSERVICESPTE (INMEMBERS’ UNTAR LIQUID TION) (Co. eg. *****56Z) (2)JPLCORPORATIONPTE (INMEMBERS’ UNTAR LIQUID TION) (Co. eg. *****1W) NNOOTICEOFRESOLUTIONS AAtt tthhee Extraordinar Gener Meeting (1) JPL Services Pte Ltd and (2) JPL Corporation PteLtddulycon nedandheldonhe20t day July 20 hefollowing esolutions wweerree
      365 words

  • Page 32 Advertisements
    • 198 32 MARKETS get thinking T FX/CFD trading Trade global stock indices on tight spreads and no commission, 24 hours a day. m MARKETS AM L*(l*M) ()Wal SOW Cash (SGOI K w UirKet &a BL ***** to^OlSGD SUM* snsMM smtioo 0Wj CMMI OMCWFM* 0 Singapore Okie Chp 0 Austrate 200 Cash Opto
      198 words