The Business Times, 3 August 2011

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1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, August 3,2011
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  • Article
    Lock icon ‘Frail victim’ is a wily trader, claims Citi
    636 1  -  88-year-old has blamed bad advice for $20m losses By GRACE LEONG [SINGAPORE] Citigroup Singapore, which was accused of giving negligent advice that cost an Indonesian textile businessman US$16.56 million (S$19.9 million) in investment losses, says he is not as his lawyers portray,
    636 words
  • Article, Illustration
    Lock icon Relief gives way to dread as sharp slowdown looms
    772 1  -  Threat to AAA debt rating for US and sluggish manufacturing data spook markets across Asia By LYNETTE KHOO [SINGAPORE] The euphoria was short-lived. Relief that the United States would not default on its debt was swiftly replaced by fears of a
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  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 3,177.09 (-38.18) H ST INDEX FUTURES 3,149 (-28) H SIMSCI 368.60 (-4.76) H SIMSCI FUTURES 364.20 (-4.90) FOREX US$ S$ US$ (S$ per US$) 1.205 (US$/S$ per 1.629 1.963 EURO (US$/S$/E) 1.419 1.711 Foreign currency per US$ S$ YEN 77.20 64.10 RM 2.959 2.454 HK$ 7.793
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      45 1 HOCK LOCK SIEW A perfect storm that SIA must navigate out of PAGE 7 TransportHUB STRAIT TALK Rougher seas ahead for liner shipping I PAGE 19 AirAsia’s share price continues to surge I PAGE 20 Rolls-Royce sales soar in S’pore and region I PAGE 21
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      14 1 S’PORE NEWS Tony Tan on ‘worrying problems’ for economy PAGE 12 8 '*****1 *****4
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      175 1 COMMENTARY Greece’s debt buyback a Catch-22 PAGE 22 EXECUTIVE MONEY More pressure on firms to maximise value PAGE 29 LISTENING ALONE IS NOT ENOUGH. YOU NEED PERFECT PITCH. Georges Ammann, piano tuner for Steinway Sons, Hamburg, Germany Thanks to his remarkable ear, Switzerland's Georges Ammann is able to detect the
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      585 2 Relief gives way to dread as sharp slowdown looms THE euphoria was short-lived. Relief that the US would not default on its debt was swiftly replaced by fears of a deepening slowdown in the world’s largest economy and Asian stock markets tumbled. Reversing Monday’s gains, the Straits Times
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    • Article, Illustration
      Lock icon Worried Japan may stem yen’s dangerous rise
      738 2  -  Market intervention, further BOJ monetary easing could be on the cards, analysts say By ANTHONY ROWLEY in Tokyo JAPANESE authorities are expected to intervene this week in currency markets in order to stem the rise of the yen which is crippling the country’s
      AP  -  738 words
    • Article
      Lock icon Redas reaches out to property stock analysts
      486 4  -  It seeks to engage in information sharing, and hold more frequent meetings By EMILYN YAP [SINGAPORE] The Real Estate Developers’ Association of Singapore (Redas) is stepping up efforts to engage property stock analysts, as the outlook for the private home sector here remains
      486 words
    • Article, Illustration
      Lock icon Market gives SIA shares a beating
      415 4  -  By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) shares hit massive turbulence yesterday, diving 12 per cent to their lowest levels since March, after being pummelled by the twin forces of ex-dividend selldowns and a slew of downgrades by analysts following exceptionally poor first-quarter results.
      BLOOMBERG  -  415 words
    • Article, Illustration
      Lock icon Congress okays deal to cut budget deficit
      766 4 Reuters AFP [WASHINGTON] The United States took a step back from economic disaster yesterday when a bitterly fought deal to cut the budget deficit cleared its final hurdles. Just hours before the Treasury’s authority to borrow funds runs out risking a damaging US
      Reuters; AFP  -  766 words
    • Article
      Lock icon PMI slips into contraction mode first time in 10 mths
      488 4  -  Risk of technical recession deemed a real possibility By TEH SHI NING [SINGAPORE] Singapore’s manufacturing sector has shrunk for the first time in three quarters, according to the latest Purchasing Managers’ Index (PMI). This barometer of industrial activity has been
      488 words
    • Article
      Lock icon New projects may spell end of floating oil storage off Johor
      608 4  -  By RONNIE LIM [SINGAPORE] The tide has turned against allowing floating oil storage in Johor. This is the signal emerging from the latest Malaysian move to order out VLCCs anchored off Pasir Gudang, with the tankers used largely by
      608 words
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      111 2 SiTF AWARDS2011 www.sitfawards.com Gongratulationsita alllthe[Shining[bta AWARD CATEGORIES ORGANISIATIONS Awards [201.1! JUDGES' CHOICE STRAITS TIMES. SINGAPORE PRESS HOLDINGS uiuim.stn1ip.cofli.s9 MULTIMEDIA CENTRE I STOMP We would also like to thank all our kind sponsors, supporting organisations, media partners and public relations partner for making this event a success. Organised by: Award Sponsors:
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      1314 3 Advertising Feature Invest in the future of healthcare As the prime Novena precinct takes shape as Singapore's top healthcare hub, medical professionals are rapidly flocking to establish a foothold in the area. Billions of dollars are being poured into developing state-of-the-art facilities in Novena, solidifying its reputation as the strongest
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      209 5 www.vw. com. sg If you've just bought a sedan without a reverse camera DO NOT READ THIS AD. gMTO! *^1 -t_ xm -V si I .,h:- 52 .J=! > v T V I TJ V/ -I P749 .-7 WQB ..w. i -.'.'"'•S .> v V.-., -7,- v- c m -J'
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sembmarine posts 15% lower Q2 net
      469 6  -  Decline due to later revenue recognition, with jack-up orders still in planning stage By LYNN KAN SEMBCORP Marine’s (Sembmarine) second-quarter net profit dropped 15 per cent year-on-year to $149.7 million from $176.1 million. Revenue fell 24.3 per cent to $831.3 million from $1.1 billion.
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    • Article, Illustration
      Lock icon SGX’s Q4 profit flat but beats expectations
      574 6  -  Q4 profit of $79.5m; final dividend of 15 cents per share By JOYCE HOOI SINGAPORE Exchange (SGX) posted a net profit of $79.5 million for the fourth quarter of its financial year, against $79.6 million for the same period last year. While profit
      BLOOMBERG  -  574 words
    • Article
      Lock icon Cosco plumbs 13-mth low after dismal results
      405 6  -  Analysts downgrade stock on execution, cost concerns HOT STOCKS By LYNN KAN IT SEEMS that, for now, the bull run is over for Chinese shipbuilder Cosco Corporation. The counter sank to a 13-month low, tanking 14 per cent in yesterday’s trading session alone
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    • Article, Illustration
      Lock icon ST Engineering Q2 net up 5%; revenue dips
      500 6  -  Interim dividend of 3 cents per share declared By TEH SHI NING SINGAPORE Technologies Engineering’s second quarter net profit rose 5 per cent to $130.5 million from a year ago, even as revenue dipped 2 per cent to $1.48 billion. If not
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    • Article
      Lock icon C&O Pharma up on offer plan
      300 6  -  By NISHA RAMCHANDANI SHARES in China-based C&O Pharmaceutical Technology climbed 2.5 cents yesterday to close at 47.5 cents after it was announced that Japanese pharmaceutical group Shionogi Co is looking to make a general offer. C&O was one of the top 20 most heavily
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    • Article, Illustration
      Lock icon NATIONAL DAY 2011
      301 6 Jointly brought to you by The Business Times and Singapore’s maritime industry has continued to grow from strength to strength. It now accounts for 7.5 per cent of Singapore’s GDP and has maintained its position as one of the busiest ports in the world. It is a
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    • Article
      Lock icon A perfect storm that SIA must navigate out of
      796 7  -  HOCK LOCK SIEW By VEN SREENIVASAN FIGURATIVELY speaking, the market was caught with its pants down last week when Singapore Airlines (SIA) shocked with first-quarter core net profit of just $6 million, versus a consensus bottomline profit estimate of $130-180 million.
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    • Article
      Lock icon Sunningdale unit to acquire two firms
      256 7  -  By MICHELLE TAN SUNNINGDALE Tech’s wholly owned subsidiary, Sunningdale Tech Design (Sunningdale TD), has entered into a conditional agreement with Plasticscommerce (PCC) to acquire Akciju Sabiedriba Atec (AS Atec) and Atec of Sweden AB (AOS) from PCC. The acquisition also involves the transfer and
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    • COMPANY BRIEFS
      • Article
        Lock icon Centurion Prop owns 64.61% of SM Summit
        131 7 CENTURION Properties Pte Ltd received 747.7 million new shares in SM Summit Holdings as consideration for its disposal of an 88 per cent stake in Centurion Dormitory (Westlite) Pte Ltd, and another 100 million new shares in SM Summit as consideration for its
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      • Article
        Lock icon The Ascott in Vietnam acquisition
        34 7 CAPITALAND’S wholly-owned service residence unit The Ascott Limited will acquire a 90 per cent stake in the 132-unit Somerset Central TD Hai Phong City in Vietnam for US$9.45 million.
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    • Article, Illustration
      Lock icon CityDev’s M&C posts 91.6% jump in Q2 profit
      772 10  -  Results include £17.4m gain from sale and leaseback of Studio M By KALPANA RASHIWALA MILLENNIUM Copthorne Hotels (M&C), the Lon-don-listed hotel arm of Singapore property giant City Developments, has posted a 91.6 per cent year-on-year increase in net profit after tax and
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    • Article
      Lock icon At a glance
      167 10 6-month and Q2 results ended June 2011 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$M) COMPANY SembCorp Marine 300.37 324.94 -7.6 1,660.20 2,457.33
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    • Article
      Lock icon China Energy narrows Q2 loss to 31.5m yuan
      308 10  -  By NISHA RAMCHANDANI CHINA Energy posted a net loss of 31.45 million yuan (S$5.9 million) for the second quarter ended June 30, narrowing it from a net loss of 45.33 million yuan for the corresponding quarter last year. This is despite a
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    • Article
      Lock icon RISES
      113 10 BY CENTS CLOSE UP DBXT AUDMM 5AU$ ***** 213.6 0.8 DBXT S&P Short 10US$ 4338 100.0 2.0 GLD 10US$ ***** 98.8 0.5 UOB 5.05%NCPS 100 ***** 50.0 0.5 DBS Bk 4.7% NCPS 100 ***** 24.0 0.2 ShangriLa Asia 2105 8.5 2.7 GuocoLeisure 78.5 6.0 8.3 OCBC Bk 4.5%NCPS 100
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    • Article
      Lock icon FALLS
      108 10 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-315.7 -2.1 DBXT MSEurope 10US$ 4617-244.6 -4.2 DBXT E50 10US$ 4128-237.4 -4.6 DBXT MSKorea 10US$ 6397-216.9 -2.7 IS S&P500 *****-201.2 -1.3 SIA 1258-174.0 -12.2 SIA 200 1259-173.0 -12.1 JMH 5483-165.1 -2.4 SIA.ES.1108 1256-159.0 -11.2 DBXT SPASX200 10US$ 3499-143.4 -3.3 BY PERCENTAGE CLOSE
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    • Article, Illustration
      Lock icon Sino Grandness Q2 net jumps 58% to 54m yuan
      400 10  -  By MINDY TAN SINO Grandness Food Industry Group posted a net profit of 54.1 million yuan (S$10.1 million) for the second quarter ended June 30, a 57.7 per cent jump from 34.3 million yuan a year ago. The Shenzhen-based integrated manufacturer
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    • Article
      Lock icon $50m equity line financing for Abterra
      442 10  -  Deal with YA Global to secure future funding options By MICHELLE TAN ABTERRA Ltd could be seeing a refreshment to its equity line facility (ELF) of up to $50 million from YA Global Master SPV Ltd soon. On Monday, both parties entered into a
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Relief rally stalls, US worries set in
      591 8  -  ST Index falls 38 points on negative economic signals from Western markets STOCKS R SIVANITHY Senior Correspondent MONDAY’scol-umn discussed the likelihood that once a US debt deal was announced, stockswouldenjoy a brief “relief rally”, but reality would probably then set in as investors
      Source: Bloomberg  -  591 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Aug 2 VALUE CLOSE BT OB/OS 226.00-327.00 BT CADI -*****.00-233.00 BT 10-day MA -*****.00 +23.00 FTSE ST Mid Cap 729.59 -12.60 FTSE ST Small Cap 509.91 -17.48 FTSE ST All Share 769.83 -10.88 FTSE ST China Top 243.32 -6.54 FTSE ST China 286.82 -6.62 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Cosco Corp 180,431,000 Genting SP 90,096,000 Golden Agri 88,263,000 AddvalTech 52,090,000 EuNetworks 43,372,000 Memstar 36,493,000 Noble Grp 33,338,000 TopGlobal 33,000,000 HPH Trust US$ 32,355,000 SingTel 31,500,000 VALUE($) Cosco Corp 271,699,340 SIA 193,173,290 Genting SP 171,456,890 SingTel 106,797,170 DBS Grp 80,120,154 Golden Agri 64,046,030 Noble Grp 62,109,180
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 11 1 0 0 0 5 11 1 Manufacturing 27 93 32 6 6 9 33 99 41 Commerce 9 29 16 1 6 4 10 35 20 Tpt/Stor/Comms 4 33 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,124 30,124 73,313 73,313 Manufacturing 246,151 34,094 280,245 202,981 1,597 204,578 Commerce 109,812 11,169 120,981 133,650 1,180 134,830 Tpt/Stor/Comms 355,838 6,322 362,160 694,700 733 695,433 Finance 18,606 2,261 20,867 191,740 523 192,263 Construction 54,782 42,170
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.395 -0.035 CapitaLand 2.860 -0.060 CapitaMall 1.900 CityDev 10.650 -0.150 ComfortDelGro 1.450 +0.010 DBS Grp 15.290 -0.290 F&N 6.070 -0.010 GLP 1.980 -0.020 Genting SP 1.905 -0.035 Golden Agri 0.725 -0.015 HK Land 6.970 JMH 54.830 -1.370 JSH 31.490 -0.670 Jardine
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    • Article, Illustration
      Lock icon QUICKCHART
      430 8  -  by Kim Eng Research Over-extended and rising The stock has broken out of the formation and is well above the key moving averages. The sharp price rally could be vulnerable to a retracement with indicators reading at the oversold level. A healthy scenario would be a pullback to the
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      106 8 Please visit www.phillipfutures.com.sg for seminar registration or to arrange for free one-to-one coaching sessions. For more information, please call (65) 6538 0500. Disclaimer: The above information does not constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment product(s). Trading in the above products carries a high degree
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      129 10 S A VOU R THE J O Y O F H A VIN G TIME O N Y O UR S IDE STAY LONGER COMPLIMENTARY 3RD NIGHT Linger a little longer in our refurbished interiors soothing, sleek and streamlined with the latest technology. For more information, contact your travel consultant,
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      141 11 THE STRAITS TIMES. Print. SXBi i a h Online. n. 7 r *1 /•«ts r« Now, your favourite paper comes App that brings you in a new ST the full print edition*. <JX iPad. st Free Trial Valid from now till 7 Sept 2011 Download at App store now. Features
      141 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon US debt crisis, Eurozone woes dampen growth
      666 12  -  Global economic uncertainties are worrying problems, says Tony Tan By LEE U-WEN THE ongoing United States debt crisis, coupled with the recent financial woes plaguing the Eurozone, are “worrying problems” for the future of the global economy, said former Singapore deputy prime minister
      DESMOND WEE/THE STRAITS TIMES  -  666 words
    • Article, Illustration
      Lock icon A quarter of euHabitat units sold at preview
      307 12  -  By NISHA RAMCHANDANI PROPERTY developer Far East Organization has sold 181 units of its 748-unit euHabitat during a preview of the residential development. euHabitat, located on a site spanning 444,000 square feet, is being jointly developed by Far East and Orchard Parade
      307 words
    • Article
      Lock icon PICTET FUNDS
      267 12 Pictet-Absl Rtn Glo Cons-P EUR 29.07.2011 EUR 101,35 Pictet-Absl Rtn Glo Div-P EUR 29.07.2011 EUR 114,69 Pictet-Asian Equities Ex Japan-P USD 29.07.2011 USD 188,85 Pictet-Asian Local Currency Debt-P USD 29.07.2011 USD 146,48 Pictet-Biotech-P USD 29.07.2011 USD 313,54 Pictet-CHF Liquidity-P 29.07.2011 CHF 124,21 Pictet-Clean Energy-P USD 29.07.2011 USD 74,91
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    • Article
      Lock icon HSBC S’pore posts 24% rise in H1 pre-tax profit
      481 12  -  It’s on course to meet growth target, plans to hire staff By EMILYN YAP HSBC Singapore performed strongly in the first half of the year, posting a pre-tax profit of US$327 million that is up 24 per cent from the previous
      481 words
    • Article
      Lock icon Mitsui Chemicals expands R&D ops in S’pore
      331 12  -  By RONNIE LIM MITSUI Chemicals, which has invested more than S$1 billion in five plants in Singapore, is expanding its R&D operations here in what is effectively its key manufacturing base outside Japan. It has set up Mitsui Chemicals Singapore R&D Centre, which
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    • Article
      Lock icon PE investors increasingly looking towards S-E Asia
      398 12  -  They are bypassing behemoths China, India: Bain official By MICHELLE YEO PRIVATE equity investors are bypassing traditional emerging-market behemoths China and India and are increasingly looking towards South-east Asia instead. In fact, according to Suvir Varma, Asia head of Bain and Company’s Private
      398 words
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      24 12 JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
      24 words
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      285 12 TO OUTSOURCE YOUR CORPORATE COMMUNICATION NEEDS NEWSLETTER MAGAZINES WEBSITES EVENTS call 6735 2972 admin@sunmediaonline.com www.sunmediaonline.com with a Powerful, Clear, Confident Engaging Voice! Secrets Powerful Presidents, Motivational Speakers and Inspiring Leaders never told you! Learn the 5 secrets to Voice Power Speech Confidence! Learn the 7 steps on the path to
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Potholes in the ‘New Silk Road’
      536 13 Emerging markets are hindering trade among themselves Bloomberg [WASHINGTON] The biggest threat to a revolution in emerging market trade may be the emerging markets themselves as Brazil slaps import curbs on Chinese toys, Russia claims China dumps cold-rolled steel and China keeps its currency
      Bloomberg; REUTERS  -  536 words
    • Article
      Lock icon July mfg indexes down on weak demand, poor recovery
      375 13 LAT-WP [LONDON] Manufacturing indexes from Asia to the United States and Europe fell in July as demand weakened and the global recovery from recession lost momentum. British, Russian and Australian manufacturing shrank last month, while the pace of factory growth slowed
      LAT-WP  -  375 words
    • Article
      Lock icon 30% chance of Aussie recession seen in 2012
      314 13 Bloomberg Reuters [SYDNEY] Australia faces a 30 per cent chance of a recession in 2012 if employment growth stalls amid a widening of the gap between the mining industry and the rest of the economy, according to Morgan Stanley. Monetary and fiscal
      Bloomberg; Reuters  -  314 words
    • Article, Illustration
      Lock icon Asian Century needs more work, says ADB
      545 13 Major challenges include inequality, corruption and climate change AFP [TOKYO] Asia could be as wealthy as Europe by mid-century, but only if it tackles key challenges from inequality and corruption to climate change, an Asian Development Bank study said yesterday. On current trends,
      AFP  -  545 words
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      214 13 WHAT DOES THE WORD "PROFIT" MEAN TO YOU? ft® 1 ACADEMY www.ifiacademy.com CONFERENCE PREVIEW: SECRETS TO MANAGING A SUCCESSFUL F&B BUSINESS DATE: 13th August 2011 (Conference Preview) TIME: 9.30am- 12.00pm (Registration starts from 9.30am to 9.45am) VENUE: Room 309 Suntec Singapore, International Convention and Exhibition Centre 1 Raffles Boulevard Suntec
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      313 13 SINGAPORE'S *****1 l.T CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg Join us at facebook i .v't 1 4 September. Level 2, Meeting Rooms 208-209 1EX k Smart Digital Empowerment Organised by. Join us at PlayTest@Comex to better understand technologies that really matter. MIAIM Log on to www.plavtest.sg for more details on talks, prizes
      313 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia’s new bank rules may curb FDI
      702 14 Foreign lenders control about 27% of Indonesia’s outstanding loans and they are keen to expand Reuters [JAKARTA] Indonesia’s planned ownership limits on lenders will stall much-needed consolidation in one of Asia’s most fragmented banking markets and may slow foreign direct investment (FDI) into
      Reuters  -  702 words
    • Article, Illustration
      Lock icon Bank Indonesia mulls rules to slow loan growth
      370 14 Reuters [JAKARTA] Indonesia’s central bank might impose rules to reduce rapid loan growth in sectors such as property and cars by limiting how much banks can lend to a proportion of the value of goods getting bought. The move signals that Bank
      Reuters; BLOOMBERG  -  370 words
    • Article
      Lock icon Malaysian consumers upbeat in Q2: report
      249 14 [PETALING JAYA] Malaysian consumer confidence rebounded in the second quarter to hit the highest level since 2006, according to The Star newspaper report citing the latest Nielsen Global Online Survey. Market research company Nielsen said in a statement that this was despite a nine
      249 words
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      38 14 Wd ZM m i "all about Trust X Just as you rely on your regular barber, you can turn to The Straits Times as a trusted source of news, views and reviews. THE STRAITS TIMES. A publication of
      38 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China halts offshore yuan borrowing
      657 15 Move seen as an attempt to clamp down on hot money flows Reuters [HONG KONG] China’s central bank has halted offshore yuan borrowing by domestic companies, official media reported, a move seen as an attempt to clamp down on hot money flows at a time
      Reuters; BLOOMBERG  -  657 words
    • Article, Illustration
      Lock icon Big Indian firms caught in iron ore mining scandal
      665 15 NYT [MUMBAI] India’s wave of corruption scandals has hit yet another industry, iron ore mining, implicating companies that include the flagship of one of this nation’s richest men. As a result of a government investigative report issued late last week, several
      NYT  -  665 words
    • Article
      Lock icon Dim sum bond sales hit 4-month low on worries
      712 15 Moody’s warns of governance issues at China companies Bloomberg [HONG KONG] Yuan-de-nominated debt sales in Hong Kong dropped to a four-month low in July as Moody’s Investors Service warned of governance concerns at Chinese companies and Europe’s debt crisis cooled demand
      Bloomberg  -  712 words
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      5 15 Grand Mercure Roxy Singapore u7K
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      1308 15 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PALMER CO. PTE LTD ACRA NO: *****2413W (In Members’ Voluntary Liquidation) At the Extraordinary General Meeting of the abovenamed Company held at 50 Raffles Place, #32-01 Singapore Land Tower, Singapore *****3 on 22 July
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  • WORLD
    • Article
      Lock icon As standoff ends, focus returns to Fed, economy
      696 16 But political turmoil has made a bad economic situation even worse NYT [WASHINGTON] Even as Congress escapes from its brush with default, political divisions have all but immobilised the levers of fiscal policy, raising pressure on the Federal Reserve to address the
      NYT  -  696 words
    • Article, Illustration
      Lock icon Obama emerges as a short-term loser
      623 16 Criticisms vary from capitulation to not being in charge AFP [WASHINGTON] A bruised President Barack Obama pulled the US economy back from the brink of disaster with a last-gasp debt deal, but at the cost of enraging his base by capitulating to foes ahead
      AFP; AP  -  623 words
    • Article
      Lock icon Investors flock to corporate bonds in face of US woes
      570 16 Bloomberg [NEW YORK] Corporate bonds are proving the best fixed-income investment as the US faces the prospect of a ratings downgrade even after lawmakers reached an accord to avert a default. Investment-grade company debentures in the US outperformed Treasuries by
      Bloomberg  -  570 words
    • Article
      Lock icon NYSE, Deutsche Boerse set to lead US options industry
      326 16 Reuters [CHICAGO] NYSE Euronext and Germany’s Deutsche Boerse AG will lead the ul-tra-competitive US options trading industry once their merger is complete, data from clearing house OCC showed on Monday. Overall, the nine US options exchanges handled an average of 17.4
      Reuters  -  326 words
    • Article, Illustration
      Lock icon US corporate profits sizzle even as economy struggles
      564 16 AFP [NEW YORK] Major US companies are packing away record profits even as the economy falters, unemployment remains high and the debt-ceiling crisis has shaken confidence in the country, analysts said. In July, corporate giants such as 3M, Caterpillar, Goodyear, Microsoft and
      AFP  -  564 words
    • Article
      Lock icon Harry Potter movie takes top spot at global box office
      335 16 AP Xinhua [LOS ANGELES] Harry Potter and the Deathly Hallows, Part 2 took the top spot in the international box office race last weekend, conjuring up US$66.4 million and tying Avatar for the fastest sprint to the US$1 billion mark
      AP; Xinhua  -  335 words
    • Article, Illustration
      Lock icon Bank of Korea buys gold for first time in 12 years
      560 17 It buys 25 tonnes, raising its holdings to 39.4 tonnes or 0.4% of reserves Reuters [SEOUL] South Korea’s central bank bought gold for the first time in more than a decade as global growth and debt uncertainties encourage monetary
      Reuters; REUTERS  -  560 words
    • Article
      Lock icon Japan wants China arms build-up to be transparent
      717 17  -  It seeks to set up communication links to avoid sea friction By ANTHONY ROWLEY in Tokyo JAPAN has begun moves to persuade China to be more “transparent” about its military build-up and also to establish a communications system to avoid possible confrontations
      717 words
    • Article
      Lock icon Mining takeovers heading for record this year: E&Y
      321 17 Bloomberg [SYDNEY] Mining and metals takeovers may reach a record this year as producers such as BHP Billiton Ltd and Barrick Gold Corp search for ways to spend cash or expand beyond their main income source, according to Ernst Young. The value
      Bloomberg  -  321 words
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  • Page 17 Advertisements
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      194 17 Wine, o i i i 1-1. I II \J I I Al/N I IT1 L I I i Vu J PERFECT GIFTS FOR FAMIFY AND FRIENDS THIS MID-AUTUMN FESTIVAF yter. MM m %ls^ TRADITIONAL TREASURES AT MERITUS Revel in the specialty selection of handcrafted mooncakes at Mandarin Orchard Singapore. Look
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon June consumer spending slips 0.2%
      564 18 Economists had expected spending, which accounts for about 70% of economic activity, to rise 0.2% LATEST US DATA Reuters [WASHINGTON] US consumer spending dropped in June for the first time in nearly two years as incomes barely rose, suggesting economic growth could remain subdued in
      Reuters  -  564 words
    • Article, Illustration
      Lock icon HSBC to ramp up hiring in emerging markets
      630 18 AFP [HONG KONG] Global banking giant HSBC yesterday said it would hire thousands of people in emerging markets by 2014 as it looked particularly to Asia’s booming financial sector to power future growth. “We are planning to hire up to 15,000 people
      AFP  -  630 words
    • Article, Illustration
      Lock icon Former News of the World executive arrested
      576 18 AP Bloomberg [LONDON] Police investigating phone hacking and police bribery at defunct British tabloid News of the World yesterday arrested a man, believed to be a former executive at the newspaper. The Metropolitan Police said a 71-year-old man had been arrested by appointment
      AP; Bloomberg; AFP  -  576 words
    • Article
      Lock icon Barclays to axe 3,000 workers by end-2011
      391 18 This amounts to around 2% of its total workforce Reuters [LONDON] Barclays is set to cut about 3,000 jobs this year to reduce costs after a drop in bond trading and an insurance mis-selling charge caused first half profits to fall by a
      Reuters  -  391 words
    • Article
      Lock icon Merrill Lynch wary of Italian, Spanish bonds
      394 18 Bloomberg [LONDON] Merrill Lynch Global Wealth Management, unconvinced that the second Greek bailout has stemmed the debt crisis, won’t put any of its US$1.5 trillion of assets into Italian or Spanish bonds. The unit of Bank of America Corp has spurned bonds from
      Bloomberg  -  394 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Biggest glut in tankers in 29 years
      828 19 Rates turn negative as owners prefer unprofitable rates to writing off tankers Bloomberg [LONDON] Demolitions of supertankers, which carry about 20 per cent of the world’s oil, are slowing as ship owners accept unprofitable rates rather than write off assets, creating the industry’s
      Bloomberg; BLOOMBERG FILE PHOTO  -  828 words
    • Article
      Lock icon GE, partner sell box lessor to China firm
      354 19 Bloomberg [NEW YORK] General Electric Co and a partner agreed to sell shipping container lessor GE SeaCo for US$1.05 billion to Chi-na-based HNA Group Co and Bravia Capital as chief executive officer Jeff Immelt reshapes GE’s finance business. GE will receive about
      Bloomberg  -  354 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 19 SGX '000 Aug 2 S$ +/-Vol CH Offshore 0.42 0 29 Chuan Hup Hldg 0.25 -0.01 1548 Cosco Corp 1.46 -0.24 *****1 CWT Ltd 1.29 -0.03 642 Ezra Hldgs 1.2 -0.05 ***** First Ship Lea 0.35 0 1241 Freight Links 0.06 0 168 Grand Banks 0 0 0
      278 words
    • Article
      Lock icon Rougher seas ahead for liner shipping
      916 19  -  STRAIT TALK By DAVID HUGHES IF BUSINESS success depended on the amount of free advice offered, the container shipping lines would be massively profitable ventures. Recently, shippers’ interests and analysts have been especially generous with their advice. The shippers, or at least their representative
      916 words
    • Article
      Lock icon China demand to drive crude tanker rates
      524 19 But clean tanker rates may come under pressure Reuters [SINGAPORE] Rates for crude tankers on key Asian freight routes are expected to rebound slightly from this year’s lows as Chinese demand for West African oil returns, shipbrokers said yesterday. For clean tankers, rates
      Reuters  -  524 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon AirAsia hits higher altitudes with jet, aviation deals
        606 20  -  Its shares rise 60% so far this year, with half of gains made in past six weeks By PAULINE NG By in Kuala Lumpur THE share price of Asia’s biggest budget carrier AirAsia continues on an upwards trajectory, buoyed by its recent
        BLOOMBERG FILE PHOTO  -  606 words
      • Article
        Lock icon Many bids for Hochtief’s airport operations unit
        244 20 Bloomberg [FRANKFURT] Vinci SA, Europe’s biggest builder, and Fraport AG are leading the bids for Hochtief AG’s air-port-operating business, each offering more than one billion euros (S$ 1.73 billion), said four people familiar with the process. Frankfurt airport owner Fraport is bidding with
        Bloomberg  -  244 words
      • Article
        Lock icon EADS won’t overpay for deals: M&A chief
        715 20 Group has sealed four purchases so far this year Reuters [PARIS] Airbus parent EADS may be bulging with cash but its top deal maker does not want sellers to believe Christmas has come early to the aerospace sector. Far from winding down for
        Reuters  -  715 words
      • Article, Illustration
        Lock icon US airport inspectors pay own way amid impasse
        603 20 AP [NEW YORK] Airport safety inspectors across America are working without pay and shouldering travel expenses themselves as the Federal Aviation Administration’s (FAA) budget crisis enters a second week, transportation officials said here on Monday. The 40 inspectors are in charge of
        AP  -  603 words
      • Article
        Lock icon Meggitt’s H1 profit up 26% to £146.2m
        484 20 Reuters [LONDON] British aircraft parts supplier Meggitt posted a better-than-ex-pected 26 per cent rise in first-half profit and raised growth forecasts at its key civil aerospace unit as demand for commercial aircraft rises. Meggitt, which supplies flight displays and wheels to planemakers Airbus
        Reuters  -  484 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Rolls-Royce sales soar in S’pore, region
        477 21  -  Sales here jump to 19 units in first half, from seven units in same time last year By SAMUEL EE SALES of Rolls-Royce cars in the Asia-Pacific region jumped 170 per cent in the first half of this year, with the Singapore market tripling
        ARTHUR LEE  -  477 words
      • Article, Illustration
        Lock icon Aviva’s online model makes an impact
        569 21  -  The company has insured 4% of the private car market By SAMUEL EE AVIVA has insured about 4 per cent of the private car market since it launched its online model here 16 months ago. In 2010, the motor insurance industry earned gross premiums
        569 words
      • Article, Illustration
        Lock icon Aston Martin squeezes profit from old technology
        700 21 Bloomberg [LONDON] Aston Martin, the British luxury car brand driven by James Bond, wants to defend its independence by squeezing profits out of ageing technology. The British manufacturer, whose best-seller is the US$113,400 Vantage coupe, plans to develop additional models off an eight-year-old
        Bloomberg  -  700 words
      • Article
        Lock icon BMW outshines Audi as 5-Series fuels record profit
        469 21 Bloomberg [BERLIN] Bayerische Motoren Werke AG (BMW), the world’s largest maker of luxury vehicles, earned record per car profit in the second quarter as demand for the 5-Series sedan helped it beat Volkswagen AG’s Audi. BMW generated the highest profit margin of
        Bloomberg  -  469 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      294 20 CRYPTIC CROSSWORD Across 1 Hears drier’s flourished by him? (11) 10 Pins to get to headless French delicacies (5) 11 Bearing sweetheart, intimate in hard embrace (9) 12 Unrelenting over bowled, say, keeping in (9) 13 Scream expression of disgust following the French (5) 14 Shaving small organ (6) 16
      294 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Staying the course on global talent policy
      493 22 EDITORIAL POST the general election (GE) in May, one of the most frequently posed questions to ministers and senior civil servants has been whether Singapore will henceforth be less open to global talent. At the Economic Development Board’s 50th Anniversary Dinner on Monday,
      493 words
    • Article, Illustration
      Lock icon Greece’s EU-backed debt buyback a Catch-22
      1064 22  -  Can bondholders be convinced to sell bonds at a loss if there’s a credible buyer of last resort? By EDUARDO LEVY YEYATI in Buenos Aires The writer is professor of economics at Universidad Torcuato Di Tella and senior fellow at the Brookings Institution DESPERATE
      AP  -  1,064 words
    • Article, Illustration
      Lock icon Europe must counter the far-right’s ideology
      730 22  -  THE BOTTOM LINE SHADA ISLAM Brussels Correspondent AS THE horror of the terrorist tragedy in Norway is replaced by soul-searching over how things could go so fatally wrong, governments across Europe should engage in an urgent and serious debate on the challenge of countering
      730 words
    • Article, Illustration
      Lock icon Complying with a taxing US law
      1531 23  -  Financial institutions in Asia should take steps to meet the requirements of the Foreign Account Tax Compliance Act By MARK JANSEN, MICHAEL BREVETTA Mark Jansen is a Partner at PricewaterhouseCoopers LLP. Michael Brevetta is an Associate Director at PricewaterhouseCoopers Services LLP IN an effort
      STOCK.XCHNG  -  1,531 words
    • Article, Illustration
      Lock icon Biofuels’ potential to transform global economy
      876 23  -  By JOHN C K DALY John C K Daly writes for OilPrice.com where this commentary fist appeared SLOWLY but surely, an extraordinarily important new industry with the potential to transform the global economy is taking shape. After years of existing largely as an environmentalist’s
      FILE PHOTO  -  876 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8265 24 Transaction date: Aug 2 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 14.8 -0.2 40 14.8 14.8 14.8 15.4 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 6.9 unch 114
      8,265 words
    • Article
      Lock icon SGX CATALIST
      1581 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 20 t 800 Super 21 -1 2414 22.5 20.5 20.5 21 7.2 37.5 5.5 3.7 t AA Grp 3.7 3.6 4 17.6 3.6
      1,581 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9963 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.14/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.69/ Aberdeen Asset Mgt Asia Limited American Opp 0.6183/ Asian Credit Fund
      9,963 words
    • Article
      Lock icon GLOBALQUOTE
      230 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 43 49.5 3.6 8.1 3.4 112 55 24.5 Genting HK US$ US43.5 -2 ***** 45 43 43.5 44 2864.3 21 10 OGL Resources
      230 words
    • Article
      Lock icon SGX ETF
      888 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 116 114 116 529.5 1207 890 CIMBAsean40 100US$ US1128 unch 0 1128 1128 1114 1133 45.1 350 290 DBS STI
      888 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 1 Index Change Change Change Change Change Change World Index Preliminary 879.5 -0.8 -2.0 -1.0 -5.1 -1.0 1.0 EAFE Preliminary 754.7 -0.6 -5.8 -1.0 -5.7 -1.0 0.3 Europe Preliminary 1099.8 -1.5
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Aug 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.55 0.14 WTI (Near Mth) 95.15 -0.81 Dubai (1-Mth F) 113.05 1.62 Tapis blend 123.67 1.89 Minas 119.67 1.89 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 110.33 1.50 Jet Kerosene 133.75 3.20 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SICOM FUTURES
      146 26 Aug 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 481.9 478.0 481.9 10 393 Oct 11 485.0 485.0 485.0 2 419 Nov 11 488.5 487.5 488.5 30 430 Dec 11 533 Jan 12 259 Feb 12
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      58 26 As on 1 August 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4435 1.4224 1.4247 1.4334 GBP-US Dollar Sep-11 1.6366 1.6366 1.6366 1.6449 Aust-US Dollar Sep-11 1.0991 1.0971 1.0981 1.0902 BASE
      58 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Aug 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1358.75 1354.25 1371.00 1354.25 Sep 11 1353.25 1348.50 1365.75 1346.75 Nov 11 1362.00 1357.25 1374.00 1355.25 Jan 12 1373.00 1368.25 1383.00 1368.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 56.15
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      85 26 Aug 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 03.11.2011 0.21 0.17 0.16 1-Year BY*****X 02.05.2012 0.25 0.18 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.95 103.98 103.97 5-Year N*****0W 1.125
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 26 Aug 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5950 0 3938 Dec11 99.4950 0 3650 Mar12 99.4650 0 1891 Jun12 99.4350 0 2074 EUROYEN TIBOR FUTURES Sep11 99.6650 99.6650 99.6650 99.6650 0 1176 Dec11 99.6650 0 1478 Mar12 99.6625 0 1823 Jun12 99.6650 99.6650
      460 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.365 1.288 Can dollar 1.281 1.232 Euro 1.748 1.681 Sterling pound 1.997 1.921 NZ dollar 1.082 1.031 US dollar 1.218 1.172 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 Aug 2 Open High Sett STI Aug 3149 SIMSCI Aug 369.4 369.8 364.2 Taiwan Aug 302.7 302.7 299.1 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2435 26 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 22.5 1 150 35 5.69 33 ASJ Hldgs W*****1 0.5 1 4 7 8.40 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 2.4 -0.2
      2,435 words
    • Article
      Lock icon INTERBANK RATES
      177 26 Aug 2 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.30 0.20 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75 0.55 12
      177 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 26 Aug 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.041 7.005 0.767 8.479 48.145 92.177 0.840 11.433 3.219 1.245 94.434 45.835 1.311 7.331 0.847 31.412 32.383 0.668 1.088 Canada 0.961 6.732
      462 words
    • Article
      Lock icon SIBOR
      85 26 Aug 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Aug 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3107 1.3121 1.0878 1.0881 Canadian dollar 1.2596 1.2611 1.0454 1.0458 Euro 1.7098 1.7114 1.4190 1.4192 NZ dollar 1.0526 1.0540 0.8736 0.8740 Sterling pound 1.9622 1.9642 1.6285 1.6288
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 26 Aug 2 Aug S$ Bid Offer 1-month 1.2048 1.2059 2-months 1.2048 1.2058 3-months 1.2047 1.2057 6-months 1.2037 1.2048 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      138 26 Aug 2 GOLD (US$/oz) Aug 02 Aug 01 Hong Kong 1626.50 1617.00 Aug 01 Jul 29 London 1630.69 1623.12 1631.50 1623.99 Source: Thomson Reuters CAST BAR Aug 02 (S$) Selling Buying Kilobar 67,217.40 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 63 5gm 428 314 10gm 764
      138 words
    • Article
      Lock icon LONDON METALS
      71 26 Aug 1 Aug 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2557.75 2596.75 3 months 2585.00 2624.00 Copper, Grade A (US$/tonne) Cash 9629.50 9811.25 3 months 9650.00 9830.00 Lead (US$/tonne) Cash 2547.00 2594.75 3 months 2565.00 2613.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon PALM OIL
      65 26 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3141 3140 3150 3137 155 2491 Sep 11 3132 3121 3135 3116 3756 ***** Oct 11 3126 3113 3130 3107 ***** ***** Nov 11 3122 3109
      65 words
    • Article
      Lock icon LIFFE
      82 26 Aug 1 COCOA (£/tonne) Close Prev High/Low Sep 11 1857 1852 1863/1844 Dec 11 1888 1885 1894/1877 Mar 12 1907 1901 1911/1895 May 12 1918 1912 1923/1907 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2102 2092 2114/2085 Nov 12 2133 2125 2142/2116 Jan 12 2149 2139 2156/2136 Mar 12
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  • Article
    Lock icon SHIPPING TIMES
    5342 27 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads
    5,342 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      26 27 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      26 words
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  • executive Money
    • Article
      Lock icon More pressure on firms to maximise value
      711 29 Investors looking for signs their money will be spent well after recovery slows Reuters [LONDON] Long-term investors are losing patience with companies that fail to maximise value as the slowing recovery whittles away returns, with some calling for greater financial rewards for loyalty
      Reuters  -  711 words
    • Article, Illustration
      Lock icon US debt problems keep currency fund managers away from dollars
      520 29 Reuters [LONDON] A deal to increase US borrowing will do little to shake off bearish positions on the dollar, currency fund managers say and they will continue to remain underweight on assets denominated in the US currency. At the same
      Reuters; BLOOMBERG  -  520 words
    • Article
      Lock icon Goldman Sachs backs US mortgage bonds
      380 29 Reuters [FRANKFURT] Goldman Sachs is backing US high-yield and nonagency mortgage bonds in anticipation of an upswing in the country’s economy, while it is wary of a eurozone battling a liquidity crisis, a fund manager told Reuters. The twin tightening impact of higher interest
      Reuters  -  380 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      200 29 Gold finds support and breaks resistance? SAXO CAPITAL MARKETS Chart GOLDcont v Customize Weekly v Candlestick v Update hiips//wwwsa*omobilolraC a 1,810.27 i Seize the (5) opportunities. Commodities I FX Crosses I FX Options I 'i Seize the opportunities with Saxo: Trade Gold 'Live' with spot, futures and CFDs Trade Gold-related
      200 words
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  • PRIVATE WEALTH PURSUITS
    • Article, Illustration
      Lock icon The ins and outs of borrowing
      2296 30  -  Used wisely, borrowing can be highly advantageous. Even the rich are increasingly finding the occasion to borrow, reports TEH HOOI LING reports TEH HOOI LING This is the last of a four-part series brought to you by THE traditional Chinese thinking is that borrowing
      2,296 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      286 30 iiuiuiinuiiuiuii] •i!■ i< i I jJJj uiiinl M L' lit; Setting the industry standard in wealth management services. Citigold Private Client is a unique wealth management offering exclusively designed for individuals with portfolios of over $1 million. As our client, you will have access to personalised wealth advisory solutions crafted
      286 words