The Business Times, 5 October 2011

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Microfilm: NL31669
Total Pages: 38
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Wednesday, October 5,
    23 words
  • Article, Illustration
    Lock icon A place in the Iskandar sun for SMEs
    678 1  -  Special business park in region will cater to their needs By CHEN HUIFEN [SINGAPORE] Start-ups and SMEs will have a place in Iskandar Development Region’s flagship Medini region alongside the bigger boys who are picking up their choice plots of land across
    678 words
  • Article, Illustration
    Lock icon Effect of Shell fire tells on industry supplies
    626 1  -  A week after the blaze, the extent of the disruptions to feedstock is becoming clearer By RONNIE LIM [SINGAPORE] The shutdown of Shell’s Pulau Bukom operations has set off a chain reaction, hitting other companies and plants in the petrochemicals industry here.
    REUTERS  -  626 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,531.02 (-90.38) HST INDEX FUTURES 2,529 (-90) HSIMSCI 291.07 (-10.54) HSIMSCI FUTURES 290.60 (-9.90) FOREX US$ S$ US$ (S$ per US$) 1.316 (US$/S$ per 1.541 2.028 EURO (US$/S$/E) 1.316 1.731 Foreign currency per US$ S$ YEN 76.70 58.30 RM 3.207 2.437 HK$ 7.787 5.918 BAHT 31.16
    141 words
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  • TOP STORIES
    • Article
      Lock icon China warns US of trade war if yuan bill is passed
      615 2 It says Washington is politicising currency issues, putting world economy at risk Reuters [BEIJING] China warned the United States yesterday that passage of a bill aimed at forcing Beijing to let its currency rise could lead to a trade
      Reuters  -  615 words
    • Article, Illustration
      Lock icon Corporate bonds not spared by turmoil
      565 2  -  Magnitude of losses varies, but now they could offer returns By SIOW LI SEN [SINGAPORE] Singapore corporate bonds beloved of private bank investors seemed to have finally succumbed to market turmoil, though they may offer decent pickings for the brave. Many have given up
      565 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      580 2 Effect of Shell fire tells on industry supplies THE shutdown of Shell’s Pulau Bukom operations has set off a chain reaction, hitting other companies and plants in the petrochemicals industry here. The fire last Wednesday resulted in Shell closing down its 500,000 barrels per day refinery and its
      580 words
    • Article
      Lock icon Bank Century fallout spreads as Indonesia’s Mulya probed
      527 2 Bloomberg [JAKARTA] Bank Indonesia deputy governor Budi Mulya became the latest target of probes into the 2008 PT Bank Century bailout that have threatened President Susilo Bambang Yudhoyono’s ability to fulfil his economic agenda. Mr Mulya is under investigation by the state
      Bloomberg  -  527 words
    • Article, Illustration
      Lock icon New factory orders drop 0.2% in Aug
      392 2 LATEST US DATA [WASHINGTON] New orders for US factory goods fell for the second time in three months in August, putting into question strength in the manufacturing sector which had led the economic recovery. The Commerce Department said yesterday orders for manufactured goods
      BLOOMBERG  -  392 words
    • Article, Illustration
      Lock icon Macau’s gambling revenue up 39% in Sept
      634 4 HK-listed gaming stocks down 36-58% from their peaks two months ago Reuters [HONG KONG] Gambling revenue in Macau rose 39 per cent to 21.2 billion patacas (S$3.48 billion) in September compared to a year ago, signalling strength in the world’s largest gambling destination
      Reuters; BLOOMBERG  -  634 words
    • Article
      Lock icon S’pore on track for growth next year: economist
      591 4  -  He sees 2% growth even if recession hits big economies By CHEN HUIFEN [SINGAPORE] Singapore’s economy should be able to manage a growth rate of about 2 per cent next year, should the developed world plunge into a double-dip recession, according to
      591 words
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      266 words
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      179 words
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  • COMPANY NEWS
    • Article
      Lock icon PIL unveils plan to delist Pacific Shipping Trust
      525 7  -  The group proposes to take PST private, offering 43 US cents in cash per unit By JOYCE HOOI SINGAPORE’s first shipping trust to list Pacific Shipping Trust (PST) might soon become the first one to delist as well, after years of lacklustre
      525 words
    • Article, Illustration
      Lock icon Hong Leong Asia to think outside China
      501 7  -  By TEH SHI NING CHINA will keep driving business, but Hong Leong Asia’s new chief executive has set his sights on growing revenue from other emerging economies too. Francis Yuen, 61, who took the helm at the diversified group in May, six months
      501 words
    • Article
      Lock icon Analysts downgrade SGX as Sept trading value plunges
      426 7  -  By JAMIE LEE TRADING activity in the securities market dived in September over the previous month an anticipated result that has already led some analysts to downgrade Singapore Exchange’s (SGX) stock and cut its target price. Turnover value in the securities market
      426 words
    • Article
      Lock icon New dark pool Chi-East’s Q3 trading volume surges
      469 9  -  But it still lags established operators such as Instinet, Liquidnet By JAMIE LEE, EMILYN YAP EMILYN YAP CHI-EAST, the joint-ven-ture dark pool of Chi-X Global and the Singapore Exchange (SGX), saw a surge in trading volume in the third quarter, along rises
      469 words
    • Article
      Lock icon DBS worst hit as local bank stocks tumble
      460 9  -  By SIOW LI SEN SINGAPORE bank stocks got a beating yesterday, with DBS the biggest casualty as its market capitalisation slipped below that of OCBC. DBS’ more severe battering is said to be due to its greater exposure to Hong Kong and
      460 words
    • Article
      Lock icon Will dual listings be revived if market improves?
      725 9  -  HOCK LOCK SIEW By R SIVANITHY EIGHTEEN months ago in March 2010, this column raised the strong likelihood that the benefits of a dual listing were fleeting and that investors would do well to take with a heavy pinch of salt claims
      725 words
    • Article
      Lock icon OCBC unit rides on French bank outflow
      217 10 Bloomberg [GENEVA] Oversea-Chi-nese Banking Corp (OCBC) said that it is attracting assets from the Singapore branches of French banks as the euro region’s debt crisis spooks wealthy clients. “There’s a lot of outflows from French banks because of the European debt crisis,” Renato
      Bloomberg  -  217 words
    • Article, Illustration
      Lock icon Keppel, Semb Marine back in race for Petrobras tenders
      386 10  -  DnB Nor Markets reports point to them being in the running for 6 rigs By JOYCE HOOI KEPPEL Corporation and Sembcorp Marine are back in the race for the big Petrobras rig tenders, according to reports. DnB Nor Markets reports released
      Source: Bloomberg  -  386 words
    • Article
      Lock icon SMX iron ore futures trading gains speed
      368 10  -  Trading volume tops 1.1m tonnes in Sept as China traders show active interest By FELDA CHAY TRADING of iron ore futures on the Singapore Mercantile Exchange (SMX) picked up speed in September the first full trading month for this contract since its launch
      368 words
    • COMPANY BRIEFS
      • Article
        Lock icon Noble Group mulls agriculture spin-off
        45 10 COMMODITY supplier Noble Group is looking to spin off its agriculture business and list it separately on the Singapore Exchange main board. The firm said yesterday that a final decision has not been made. Factors to consider include market conditions.
        45 words
      • Article
        Lock icon Hiap Hoe unit to buy Kallang property
        61 10 HIAP Hoe’s wholly owned subsidiary, WestBuild Construction Pte Ltd, has accepted an option to acquire a property known as 54 Kallang Pudding Road from Boey Enterprise Private Limited for $33.5 million. The company believes that the property would have “substantial development potential”, and
        61 words
      • Article
        Lock icon Zhongmin Baihui opens Xiamen store
        46 10 ZHONGMIN Baihui Retail Group Ltd has announced the opening of a new department store in Xiamen City, China, on Oct 1. Occupying 251,000 square feet and spanning two basement levels, the new store is the group’s eighth store in Fujian province.
        46 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI plunges to 25-month low
      589 8  -  Speculation that funds were selling because the index’s loss of over 20% since Aug 1 signals a bear market STOCKS R SIVANITHY Senior Correspondent THE selling of stocks that has seen the Straits Times Index (STI) suffer a 14 per cent loss in the third
      Source: Bloomberg  -  589 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Oct 4 VALUE CLOSE BT OB/OS -1564.00 -384.00 BT CADI -*****.00 -324.00 BT 10-day MA -*****.00 -156.00 FTSE ST Mid Cap 566.42 -14.13 FTSE ST Small Cap 386.68 -12.30 FTSE ST All Share 608.92 -20.58 FTSE ST China Top 171.73 -5.43 FTSE ST China 207.65 -8.68 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 13 2 0 0 0 1 13 2 Manufacturing 22 107 30 4 11 7 26 118 37 Commerce 8 43 10 2 3 4 10 46 14 Tpt/Stor/Comms 4 29 8
      186 words
    • Article, Illustration
      Lock icon QUICKCHART
      351 8  -  by Kim Eng Research Bears in control The price has plunged below the key moving averages and could press lower in the near term. The 50- and 100-day EMA have also staged a negative crossover, suggesting that the bears are in control. Expect further slippage towards $0.49 if the
      351 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 40,185 40,185 146,294 146,294 Manufacturing 195,063 19,722 214,785 246,434 252 246,686 Commerce 174,477 3,838 178,315 208,395 114 208,510 Tpt/Stor/Comms 178,750 3,822 182,572 259,328 440 259,768 Finance 34,583 6 34,589 327,263 1 327,264 Construction 40,240 4,223
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.160 -0.060 CapitaLand 2.340 -0.080 CapitaMall 1.815 +0.010 CityDev 8.800 -0.400 ComfortDelGro 1.330 -0.010 DBS Grp 10.870 -0.690 F&N 5.480 -0.250 GLP 1.500 -0.145 Genting SP 1.420 -0.060 Golden Agri 0.550 -0.040 HK Land 4.300 -0.180 JMH 42.920 -1.180 JSH 24.880
      113 words
    • Article, Illustration
      Lock icon Euro plagued by Greek debt worries
      482 8 CURRENCIES Reuters [LONDON] The euro held near a ninemonth low against the US dollar and a 10-year trough against the yen yesterday, as eurozone policymakers failed to quell rising fears of a Greek debt default hitting riskier currencies and boosting the greenback. The US
      Reuters; BLOOMBERG  -  482 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Genting SP 119,095,000 Golden Agri 108,371,000 Noble Grp 80,293,000 SingTel 38,076,000 Sheng Siong 32,118,000 Yangzijiang 29,172,000 CapitaLand 27,545,000 HPH Trust US$ 26,689,000 STXOSV 24,397,000 Olam 20,208,000 VALUE($) Genting SP 171,942,505 DBS Grp 128,808,705 SingTel 121,767,720 Keppel Corp 106,128,950 UOB 102,341,957 Noble Grp 99,714,240 OCBC Bk 64,841,060
      58 words
    • Article
      Lock icon RISES
      117 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4917 194.7 3.1 GLD 10US$ ***** 159.2 0.8 STI 2900 DBePW*****1 72 26.5 58.2 DBS BP ePW*****2 84.5 21.5 34.1 Hyflux 6% CPS 10 ***** 20.0 0.2 Jardine C&C 3870 20.0 0.5 STI 2850BPePW*****9 69.5 13.5 24.1 DBXT MSMSIA 10US$ 1102
      117 words
    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN IS S&P500 *****-461.7 -3.1 DBXT E50 10US$ 3077-317.0 -7.3 Lyxor AsiaCS 10US$ 4500-192.0 -3.1 JMH 4292-155.2 -2.7 DBXT S&P500 10US$ 1745-140.7 -5.8 DBXT SPASX200 10US$ 2676-121.0 -3.3 IS MSCI Spore 1082-100.0 -6.6 DBXT MSKorea 10US$ 4536 -96.0 -1.6 DBXT FTChina25 10US$ 2160 -92.1 -3.1 UOB
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      25 9 CREDIT SUISSE £5 Ilk MAIL Si M OXYGEN'S ELECTRIC SCOOTERS ARE LEAVING THE FOSSIL FUEL ERA BEHIND. Credit Suisse is helping the company evolve. credit-suisse.com/clients
      25 words
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      2543 10 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download for FREE from Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will
      2,543 words
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  • SINGAPORE NEWS
    • Article
      Lock icon East Village Hotel to take on Peranakan flavour
      242 11  -  By MINDY TAN THE new East Village Hotel, currently known as Paramount Hotel, will be taking on a Peranakan flavour, following upgrading and refurbishment works to the tune of some $30 million. Drawing on the Peranakan heritage of the surrounding Joo Chiat
      242 words
    • Article
      Lock icon Pasir Ris residential site draws unexpected 13 bids
      476 11  -  Top offer of $141m or $361 psf ppr made by consortium of three firms By UMA SHANKARI A 1.7-hectare residential site at the junction of Jalan Loyang Besar and Pasir Ris Rise drew an unexpected 13 bids at the close of the
      476 words
    • Article
      Lock icon Prime Orchard Rd retail rents up 5% q-o-q: CBRE
      224 11 PRIME retail rents in Orchard Road rose 5 per cent quarter on quarter to average $31.60 per square foot per month (psf pm) in Q3 2011, according to a new report from CB Richard Ellis (CBRE). This marks the first quarterly
      224 words
    • Article
      Lock icon S’pore, M’sia to call a tender for Rapid Transit System
      315 11 Engineering firms from both countries can participate SINGAPORE and Malaysia will soon call a tender for the Rapid Transit System (RTS) which will connect Johor Bahru and the island republic. On a one-day introductory visit to Malaysia yesterday, Singapore Transport
      315 words
    • Article
      Lock icon Presidential poll expenses unveiled
      93 11 THIS year’s presidential elections saw the four candidates spending between $70,912.16 and $585,045.03 most of which went to advertising and printing of promotional material. At the top of the league was Tan Cheng Bock at $585,045.03, followed closely by President Tony Tan Keng Yam whose campaign
      93 words
    • Article
      Lock icon Industrial site in Woodlands to be put up for tender
      386 11  -  By KALPANA RASHIWALA A 60-YEAR leasehold industrial plot at the corner of Gambas Avenue and Woodlands Avenue 10 will be launched for tender in about a fortnight after an unnamed party made a successful application for the site’s release from
      386 words
    • Article
      Lock icon More banking relationships for Asian consumers than in 2007
      436 12  -  Singapore consumers have relationships with 4.2 banks each on average: survey By CONRAD TAN BANKS across Asia are finding it increasingly difficult to keep customers loyal after the financial crisis, a new survey has found. In Singapore, consumers now have relationships
      436 words
    • Article, Illustration
      Lock icon Upcoming WEF to have strong Asian flavour
      437 12  -  By CHEN HUIFEN AGAINST a backdrop of a rising Asia, the upcoming World Entrepreneurship Forum (WEF) that will be held in Singapore will have a strong Asian flavour, while retaining its global themes. This will be reflected by the presence of Asian speakers
      437 words
    • Article
      Lock icon COE premiums look to rise in short term
      505 12  -  Buyers may snap up cars in anticipation of smaller quotas By NISHA RAMCHANDANI THE demand for used cars is likely to rise in light of the government’s plans to further curb vehicle growth, said used car dealerships. According to recent media reports,
      505 words
    • Article
      Lock icon CSC board gets 10 new directors
      269 12 THE Civil Service College (CSC) has 10 new directors on its board, half of them from the private sector. The five from the private sector are Choo Eng Chuan, a partner at Ernst Young Solutions; Goh Swee Chen, regional vice-president at Commercial Fuels Lubricants,
      269 words
    • Article
      Lock icon Sept PMI records contraction for third month
      373 12  -  Index falls 1.1 points to 48.3 due to weaker demand By MINDY TAN THE OUTLOOK for Singapore’s manufacturing sector remains subdued, with the purchasing managers’ index (PMI) in the red for the third straight month. The barometer of industrial activity fell 1.1 points
      373 words
    • Article
      Lock icon ACCA launches 10 new global forums
      274 12  -  By KELLY TAY THE Association of Chartered Certified Accountants (ACCA) yesterday launched 10 new global forums to tackle issues crucial to business and the finance profession. The 10 forums are: the Accountancy Futures Academy; Accountants for Business Global Forum; Governance; Risk and Performance; Corporate
      274 words
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      141 12 >ik. JCU SINGAPORE Diplomats At JCU Singapore .Public Lecture Series 2011 Some Personal Reflections on the Rise of A Great Power Some Implications for Small States Presented by Mark Hong Ambassador,Vice Chairman, International Relations Committee, Singapore Business Federation, Visiting Senior Lecturer, James Cook University 12 October 2011 7.00pm to 9.00pm
      141 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Germany, France face mild recession: Goldman Sachs
      741 13 Forecasts for global growth cut as EU economy stalls, risk of US recession rises Bloomberg Xinhua [SINGAPORE] Goldman Sachs Group Inc cut its global growth forecast for this year and next, predicting recessions in Germany and France as the European economy stalls and
      Bloomberg; Xinhua; AFP  -  741 words
    • Article, Illustration
      Lock icon Aussie central bank open to rate cut if necessary
      571 13 Reuters [SYDNEY] Australia’s central bank yesterday opened the door to a cut in interest rates as early as next month, saying that there could be scope for stimulus if coming inflation figures proved benign. In a major surprise, the Reserve Bank
      Reuters; REUTERS  -  571 words
    • Article
      Lock icon Crunch time for emerging markets
      510 13 Record outflows from bond funds show that investors are close to capitulating Reuters [LONDON] An emerging market sell-off has reached a tipping point. Record outflows from bond funds in emerging markets last week revealed how close investors could be to capitulation, ready to abandon the
      Reuters  -  510 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon No choice, KL minister says of MAS-Air Asia tie-up
      637 14  -  Government may have to inject funds if MAS continues to make losses By in Kuala S JAYASANKARAN in Kuala Lumpur THE political heat over a proposed tie-up between Malaysia Airlines (MAS) and budget carrier Air Asia spilled over to Parliament yesterday
      637 words
    • Article
      Lock icon Indonesia to auction 1st project-based sukuk on Oct 11
      270 14 Reuters [JAKARTA] Indonesia will offer its first project-based sukuk in an auction on Oct 11, a senior Finance Ministry official said yesterday, a move that will increase the supply of syariah instruments in the less-developed local sukuk market. The ministry will
      Reuters  -  270 words
    • Article
      Lock icon Earnings of M’sia glove makers expected to skid
      387 14  -  By in PAULINE NG in Kuala Lumpur COST pressures coupled with an existing supply of large stocks are expected to exert greater earnings risk on Malaysia’s glove makers. Their profits are projected to dip by double-dig-its this year, analysts say. In an
      387 words
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      247 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s service sector picks up pace
      434 15 Boost from retail spending may ease concern that economy is slowing Bloomberg [BEIJING] China’s service industries expanded at a faster pace last month, rebounding from a deceleration in August, a pickup that may ease concern the world’s second-largest economy is slowing. A purchasing managers’
      Bloomberg; REUTERS  -  434 words
    • Article
      Lock icon Moody’s cuts rating of India’s largest lender
      323 15 Bloomberg Reuters [MUMBAI] State Bank of India (SBI) fell to its lowest in more than two years after Moody’s Investors Service downgraded the financial strength rating of the nation’s largest bank, citing deteriorating asset quality. The financial strength rating, or standalone rating, was
      Bloomberg; Reuters  -  323 words
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  • WORLD
    • Article
      Lock icon Switzerland tops financial secrecy index
      465 16 Country still resists automatic exchange of information, says Tax Justice Network Bloomberg [GENEVA] Switzerland climbed to the top of a financial secrecy index, even after a global crackdown on tax evasion, according to a report from the Tax Justice Network. The Alpine country, whose secrecy
      Bloomberg  -  465 words
    • Article
      Lock icon Apple rejects Samsung offer to end row
      391 16 Samsung offers to help get quick Aussie ruling in return for early launch of its tablet Reuters [SYDNEY] Apple Inc rejected an offer from Samsung Electronics Co to help settle their tablet computer row in Australia, hoping for an important court victory there
      Reuters  -  391 words
    • Article
      Lock icon Aussie towns sue S&P over failed products
      524 17 They claim agency’s triple-A ratings were misleading as they lost 90% of investment AFP [SYDNEY] Several Australian towns yesterday began suing Standard Poor’s for millions of dollars, claiming it misled them when rating financial products that crashed, losing them 90 per cent of
      AFP  -  524 words
    • Article, Illustration
      Lock icon Occupy Wall St protest catching on
      729 18 New rallies and in some cases urban encampments are planned for several cities NYT [NEW YORK] A loose-knit populist campaign that started on Wall Street three weeks ago has spread to dozens of cities across the country, with protesters camped out in Los Angeles
      NYT; AFP  -  729 words
    • Article, Illustration
      Lock icon Tiny Qatar’s big plans may change Mideast
      1078 23  -  The US should work closer with the Gulf state to profit from its ambitions By MEGHAN L O’SULLIVAN The writer, a professor at Harvard University’s Kennedy School of Government and former deputy national security adviser, is a Bloomberg View columnist. The opinions expressed
      Bloomberg; REUTERS  -  1,078 words
    • Article
      Lock icon Korean stocks, won plunge on dismal news
      512 24 Manufacturing index down in Sept as export orders shrink Reuters [SEOUL] South Korea’s manufacturing sector activity shrank the most in 11 months in September as new export orders fell sharply, reinforcing fears of a slide back into global recession that are battering financial
      Reuters  -  512 words
    • Article, Illustration
      Lock icon S’pore pledges to continue efforts to forward Doha Round
      419 24  -  By LEE U-WEN [SINGAPORE] While the Doha Round of trade talks remains stalled after 10 long years, there is still a chance to build on the developments and achievements so far to reach a new deal provided all economies are able
      419 words
    • Article
      Lock icon Putin seeks unification of post-Soviet states
      300 24 AFP [MOSCOW] Russian Prime Minister Vladimir Putin called for the unification of post-Soviet states into a “Eurasian Union” in an article published yesterday on the announcement of his planned return to the Kremlin. Mr Putin’s article in the Izvestia daily outlining a grand project
      AFP  -  300 words
    • Article
      Lock icon Fed ready to take further action: Bernanke
      515 25 He also cautions lawmakers against budget moves that would harm recovery Bloomberg [WASHINGTON] US Federal Reserve chairman Ben Bernanke said the central bank stands ready to take additional steps to boost US growth and cautioned lawmakers against budget moves that would harm a
      Bloomberg  -  515 words
    • Article, Illustration
      Lock icon Europe delays bailout funds to Greece
      541 25 Athens asked to make more sacrifices AFP [LUXEMBOURG] Europe delayed the release of bailout funds to Greece yesterday, demanding that Athens makes more sacrifices and warning that banks may have to share more of the pain in the crisis threatening the eurozone. Stock markets
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    • Article
      Lock icon UBS sees ‘modest’ Q3 profit; Deutsche unveils job cuts
      435 25 Bloomberg [ZURICH] UBS AG, Switzerland’s biggest bank, expects a “modest” thirdquarter profit as gains from wider credit spreads and the sale of bonds cushion the US$2.3 billion loss from unauthorised trading. The bank expects a fair-value gain of about 1.5 billion
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    • Article
      Lock icon Three win Nobel for theory of expanding universe
      250 25 AFP [STOCKHOLM] A trio of astronomers yesterday won the Nobel Physics Prize for discovering that the expansion of the universe is accelerating, a finding that implies that the cosmos will end in frozen nothingness. The three are Saul Perlmutter and Adam Riess
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    • Article
      Lock icon France, Belgium pledge aid for struggling Dexia
      407 25 Reuters [LUXEMBOURG] France and Belgium will guarantee the financing of stricken bank Dexia, finance ministers pledged yesterday, as officials prepared a rescue designed to stop its troubles from worsening the eurozone crisis. “We are going to take action concerning our banks, and the
      Reuters  -  407 words
  • Page 16 Advertisements
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      2798 16 UNION STEEL HOLDINGS LIMITED Co. Reg No. *****0181W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNION STEEL HOLDINGS LIMITED will be held at 33 Pioneer Road North Singapore *****4 on Friday, 21 October 2011 at 10.00
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      177 16 NG.. .GOING GAME? Start bidding with The New Paper and stand to win prizes worth up to $75,000! For 8 weeks, TNP$ printed in denominations of 100, 200, 300, 400, 500 can be found in The New Paper and The New Paper on Sunday. Pick up a copy, save up
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      4302 17 MATS BUY IT• SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg KTL GLOBAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4519M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of KTL Global Limited (the “Company”) will be held at
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      3532 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. RYOBI KISO HOLDINGS LTD. (Company Registration No. *****3985D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ryobi Kiso Holdings Ltd. (the “Company”) will be held at Conference Room, 6 Battery
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      370 20 / 21 DBS TREASURES PRIVATE CLIENT DBS PRIVATE X BANK DBS takes wealth management in Asia to a whole new level. Introducing DBS Treasures Private Client and DBS Private Bank. ■^T TE u Bb ASr «ES ETH■Tr -1 r i 1^ WW T "i::: ~V iJ|t r m w i i SRRta
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      259 22 / 23 Safest Bank in Asia Global Finance in 2009, 2010 and 2011 Best Bank in Singapore Euromoney, FinanceAsia and Global Finance in 2010 Best Local Private Bank in Singapore for 5 consecutive years Euromoney Private Banking Poll (2007- 2011) Best Wealth Management House in Singapore The Asset Triple A Investment Awards
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      1327 23 <3* NOTICES BUY IT• SELL IT-FIND IT LIMITED PCI LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****4482N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the TWENTY-SECOND ANNUAL GENERAL MEETING of the Company will be held at The Board Room, 390 Jalan Ahmad Ibrahim, Singapore
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      2026 23 NOTICE OF THE THIRTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Thirteenth Annual General Meeting of CHOSEN HOLDINGS LIMITED (the “Company”) will be held on Thursday, 27 October 2011, at 17 Woodlands Terrace, Woodlands East Industrial Estate, Singapore *****2, at 2.00 p.m. for purposes of the following: AS
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      2310 24 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg s SIM LIAN GROUP LIMITED Registration No. *****4760C (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of Sim Lian Group Limited ("the Company") will be held at Jurong Country Club,
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      1150 24 GEARS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF CONTI-LINES ASIA PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****4815Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Generaal
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      1535 25 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 RICOH PRINTING SYSTEMS SINGAPORE PTE. LTD. (Company Registration No. *****3868C) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to have been held on 30 September 2011, the following resolutions were
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  • EDITORIAL & OPINION
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      Lock icon Economic diplomacy needed on yuan issue
      515 26 EDITORIAL WITH the US Senate considering passing a bill this week that proposes to punish China for an undervalued yuan, it appears that the currency war that nearly boiled over at the start of this year is rearing its head again. It is not
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      Lock icon China to be judged by its attitude on treaties
      781 26  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 BEIJING continues to declare that its rise will be peaceful but other countries are watching its actions to judge whether it will
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      Lock icon India’s anti-graft drive offers hope amid the noise
      968 26  -  A consensual system has evolved among parliamentarians, civil society and new media YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT WILL India ever be rid of corruption? A number of recent events have made the move to
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      Lock icon Time when China may call the shots
      1297 27  -  America’s economic situation leaves it fundamentally vulnerable in the face of China’s inescapable dominance By ARVIND SUBRAMANIAN The writer is a senior fellow at the Peterson Institute for International Economics and at the Center for Global Development. This article is adapted from his
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      Lock icon Who will eclipse America?
      846 27  -  By SIMON JOHNSON Simon Johnson, a former chief economist of the IMF, is co-founder of a leading economics blog, http://BaselineScenario.com, a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-author, with James Kwak, of ‘13 Bankers’ ACCORDING to Voltaire,
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  • TransportHUB
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      Lock icon Cook’s qualifications are on the MLC menu
      868 28  -  Owners will need to know what the requirements are under the Convention STRAIT TALK By DAVID HUGHES OWNERS may be excused for thinking they have enough on their plate right now in just trying to survive in these increasingly difficult times. When the
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      Lock icon Baltic index falls for 5th day; outlook softer
      567 28 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell for a fifth session on Monday as slower cargo business and recession fears weighed on sentiment. Brokers said that growing vessel supply, which was outpacing
      Reuters; REUTERS  -  567 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Looming recession may plunge aviation industry into loss
        638 29  -  Outlook gloomy as global growth is poised to dip amid a decline in traffic NEWS ANALYSIS By VEN SREENIVASAN WITH global economic growth looking likely to dip below 2 per cent as a recession looms, all recent profit forecasts made by the
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        Lock icon American Airlines resumes pilot talks on stock rout
        402 29 Bloomberg [DALLAS] American Airlines is set to resume contract negotiations with pilots, a bellwether work group in industry labour talks, after parent AMR Corp’s shares fell the most since 2003 on concern the company may file for bankruptcy. Yesterday’s discussions marked the
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        Lock icon Singapore Airlines to modify 12 A380s under new safety proposal
        307 29 Bloomberg [NEW YORK] Singapore Airlines Ltd (SIA) would be required to modify equipment on 12 of 14 Airbus SAS A380s, the world’s largest planes, under a proposed European Aviation Safety Agency regulation. The airworthiness directive proposes mandating the addition of
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      • Article
        Lock icon Emirates prods Boeing to proceed with 777 upgrades
        447 29 Boeing needs to come up with a better version in the next six months Bloomberg [SEATTLE] Emirates, the world’s biggest international airline, is pushing Boeing Co to press ahead with improvements to its 777, even as it finishes work on an all-new
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        Lock icon Shrinking profits cast dark cloud over airlines
        809 29 Bloomberg [LONDON] Airline profits forecast to total US$28 billion in the three years through 2012 may be unsustainable as over-capaci-ty and looming regulatory costs weigh on margins, the head of the International Air Transport Association (IATA) said. Airlines will generate net income equal
        Bloomberg  -  809 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Gujarat rolls out red carpet for carmakers
        1134 30 The Indian car industry is a key growth engine for India’s underdeveloped industrial sector Reuters [SANAND, India] Along a dusty, traf-fic-choked road in the western state of Gujarat lies what may be India’s industrial future. As labourers work under a blazing sun to
        Reuters; AFP  -  1,134 words
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        Lock icon Nissan gaining ground in US market share
        864 30 Bloomberg [LOS ANGELES] Toyota Motor Corp and Honda Motor Co, still struggling to deliver enough vehicles to dealers, lost share of the US market as Nissan Motor Co grew more than expected and industrywide sales were the best since April. Toyota, held back
        Bloomberg; BLOOMBERG  -  864 words
      • Article
        Lock icon BMW rides X3 SUV to US luxury sales lead
        616 30 Bloomberg [SOUTHFIELD, United States] Bayerische Motoren Werke AG’s BMW brand last month increased its lead in the US luxury car sales race with deliveries rising 19 per cent on continued high demand for the X3 sport-utility vehicle. Sales of the redesigned
        Bloomberg  -  616 words
  • Page 28 Advertisements
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      1065 28 BSATS NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg PERTAMA GROUP PERTAMA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0483W) (the "Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 315
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      446 28 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF MACQUARIE REAL ESTATE SINGAPORE PTE. LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9669E NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO
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      373 28 BENGAL TIGER LINE LTD NOTICE TO TRADE CHENNAI TRADE RECOVERY (CTR) Since our last announcement on the increase of Chennai Trade Recovery (CTR), we regret to advise that the situation in Chennai has deteriorated. We are still facing continuing delays to container deliveries. There is now a possible total ban
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      290 29 CRYPTIC CROSSWORD Across 7 Singer’s cadenza ends in very old record (8) 9 Criminal after fine, one almost in jug (6) 10 Hamlet perhaps, desperate character chasing Ophelia’s heart (4) 11 Inveterate criminal kind getting time (10) 12 Arrowroot, it isn’t containing inflammation (6) 14 Going around light speed is
      290 words
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      88 30 THE SME MAGAZINE PRESENTS STAYINGONCOURSE Making the best of uncertain market conditions Withanuncertainworldeconomyanddwindlingconsumers’confidence,businessesfacehuge challengesahead.JoinusforthissessionasMichaelMa,GroupCEOandFounderofIndoChine Groupshareshisexperienceonhowheturnedadversityintoadvantagebystartingup duringtheAsianfinancialcrisisandweatheringtheSARSslowdown. TheIndoChine Groupowns26food&beverageoutletsintheregionandaresortinPhuket. MichaelJenkins,CEOofRoffeyParkInstitute(Europe&Asia)willalsoshareon howcompaniescanimplementcreativesolutionsandoptimiseresourcesto achieveapositiveperformanceinrelationtotheroughroadahead.RoffeyPark isanestablishedUKmanagementandleadershipinstitutewidelyrecognised foritsexpertiseandexperienceinprovidinghighimpactdevelopment programmesforindividualsandorganisations. Date: Oct 13 (Thursday), 6.45pm Venue: Grand Park City Hall (Coleman Street), Grand Ballroom Cost: $30 per person (inclusive of light dinner) Michael Ma Group CEO
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      8215 31 Transaction date: Oct 4 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 12 8Telecom 12.5 10.6 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.3 -0.3 210 4.5 4.1 4.3 4.9
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    • Article
      Lock icon SGX CATALIST
      1578 32 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 13.5 t 800 Super 13.6 -1.4 270 13.6 13.5 13.6 14.8 4.7 4 5.3 24.3 5.5 2.5 t AA Grp 2.5 -1.5 50
      1,578 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10094 32 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.09/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.58/ Aberdeen Asset Mgt Asia Limited American Opp 0.5781/ Asian Credit Fund
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      Lock icon GLOBALQUOTE
      243 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A38xd 37.5 40 3.6 9.2 3 99 53 25.5 Genting HK US$ US25.5 -2 ***** 27 25.5 25.5 26 1679.1 20.5 10 OGL Resources
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      Lock icon SGX ETF
      862 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 119cd 118 122 543.2 1261 856 CIMBAsean40 100US$ US857 -22 35 870 857 854 867 34.3 350 260 DBS STI
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  • FINANCE & COMMODITIES
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 33 In local curr In S$ In US$ dy yr dy yr dy yr Oct 3 Index Change Change Change Change Change Change World Index Preliminary 765.4 -1.0 -14.7 -0.6 -12.8 -1.3 -14.8 EAFE Preliminary 647.3 -1.7 -19.2 -1.5 -17.0 -2.2 -19.0 Europe Preliminary 946.3 -1.4
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 33 CRUDE OIL PRODUCTS Oct 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.81 -0.61 WTI (Near Mth) 77.31 -1.77 Dubai (1-Mth F) 97.09 -3.15 Tapis blend 111.55 -2.37 Minas 104.55 -2.37 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.94 -3.45 Jet Kerosene 118.90 -1.40 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 33 Oct 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1177.50 1179.00 1189.75 1162.00 Jan 12 1188.75 1189.50 1200.25 1173.00 Mar 12 1198.00 1198.25 1209.50 1181.75 May 12 1205.00 1204.50 1215.75 1188.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 49.76
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 33 Oct 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 05.01.2012 0.22 0.25 0.16 1-Year BY*****X 02.05.2012 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.64 103.67 103.64 5-Year N*****0W 1.125 01.04.2016 102.66
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      452 33 Oct 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4300 0 3081 Mar12 99.3700 0 2573 Jun12 99.3750 0 1228 Sep12 99.3800 0 744 EUROYEN TIBOR FUTURES Dec11 99.6900 0 2382 Mar12 99.6775 99.6800 99.6775 99.6850 0 2438 Jun12 99.6850 99.6850 99.6850 99.6900 0 1470
      452 words
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      Lock icon SMX MARKET UPDATE
      118 33 As on 03 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1664.50 1630.90 1650.50 1622.5 Silver DEC-11 31.370 30.085 31.035 30.095 CURRENCY US Dollar-Jap Yen DEC-11 76.99 76.45 76.56 77 Euro-US Dollar DEC-11 1.3378 1.3235 1.3243 1.3427 Aust-US Dollar DEC-11 0.9585
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    • Article
      Lock icon SGX FUTURES
      184 33 Oct 4 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 409.9 400.0 402.1 20 280 Dec 11 402.5 499 Jan 12 399.0 399.0 402.3 8 254 Feb 12 396.0 396.0 402.5 5 134 Mar 12 400.5
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    • Article
      Lock icon LONDON METALS
      69 33 Oct 3 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2168.00 2124.00 3 months 2203.00 2157.00 Copper, Grade A (US$/tonne) Cash 6968.00 6998.00 3 months 6990.00 7018.50 Lead (US$/tonne) Cash 2001.00 2019.00 3 months 1961.00 1985.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 33 Oct 4 Open High Sett STI Oct 2587 2587 2529 SIMSCI Oct 301.0 303.0 290.6 Taiwan Oct 248.4 251.8 251.1 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2079 33 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 0.3 -0.8 814 1 150 45 346.67 31 ASJ Hldgs W*****1 0.5 1 4 32 6.80 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.6 1
      2,079 words
    • Article
      Lock icon LIFFE
      82 33 Oct 3 COCOA (£/tonne) Close Prev High/Low Dec 11 1687 1699 1707/1677 Mar 12 1717 1728 1735/1707 May 12 1733 1746 1752/1724 Jul 12 1750 1763 1758/1742 COFFEE (US$/tonne) Close Prev High/Low Sep 11 1929 1964 1959/1905 Nov 11 1962 1979 1992/1940 Jan 12 1988 2013 2020/1969 Mar 12
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 33 Oct 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 6.009 0.717 7.340 46.569 84.504 0.723 11.275 3.023 1.254 82.294 41.555 1.240 7.814 0.869 28.919 29.371 0.612 0.943 Canada 1.003 6.030
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    • Article
      Lock icon SIBOR
      82 33 Oct 4 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      139 33 Oct 4 GOLD (US$/oz) Oct 03 Oct 04 Hong Kong 1654.30 1669.50 Oct 03 Sep 30 London 1648.45 1617.12 1649.45 1618.45 Source: Thomson Reuters CAST BAR Oct 04 (S$) Selling Buying Kilobar 75,531.30 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 169 70 5gm 480 352 10gm 858
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    • Article
      Lock icon PALM OIL
      57 33 Oct 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2883 2855 2883 2850 213 1546 Nov 11 2869 2825 2879 2819 1774 ***** Dec 11 2855 2810 2865 2801 ***** ***** Jan 12 2820 2814
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 33 Oct 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2391 1.2415 0.9421 0.9431 Canadian dollar 1.2438 1.2455 0.9456 0.9462 Euro 1.7301 1.7319 1.3154 1.3156 NZ dollar 0.9875 0.9901 0.7508 0.7521 Sterling pound 2.0266 2.0290 1.5408 1.5413
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 33 Oct 4 S$ Bid Offer 1-month 1.3153 1.3165 2-months 1.3152 1.3164 3-months 1.3148 1.3160 6-months 1.3125 1.3140 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 33 As at 9am Oct 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.281 1.22 Can dollar 1.274 1.225 Euro 1.773 1.705 Sterling pound 2.073 1.994 NZ dollar 1.018 0.97 US dollar 1.339 1.288 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 33 Oct 4 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.95 0.75 12
      154 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5014 34 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
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  • Page 34 Advertisements
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      41 34 Experienced ship maintenance services wanted, Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      41 words
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  • Page 36 Advertisements
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      2259 36 SIN HENG HEAVY MACHINERY LIMITED SIN HENG HEAVY MACHINERY LIMITED (Incorporated in Singapore on 30 March 1981) (Company Registration No. *****1305R) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of Sin Heng Heavy Machinery Limited (the "Company") will be held at Raffles Marina,
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      Lock icon Page 36 Advertisements Column 2
      1991 36 WINGTAIHOLDINGSLIMITED (Company Registration No. *****0239D) (Incorporated in the Republic of Singapore) NOTICEOFANNUALGENERALMEETING NOTICE IS HEREBY GIVEN that the 47th Annual General Meeting of the Company will be held at The Ballroom, Level 3, Raffles Hotel, 1 Beach Road, Singapore *****3 onThursday, 27 October 2011 at 10.30 a.m. to transact the
      1,991 words
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  • Page 37 Advertisements
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      10 37 COEprices settorise again when vehicle growth rateiscut fromnext year? Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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      Lock icon Page 37 Advertisements Column 2
      265 37 SAXO CAPITAL MARKETS A TRADER'S BEST CALL 'r ?r ?r ?r ?r rC >f XBest Speed of Execution Best Research and Analytics Best Effective Risk Management and Execution Strategies Best Integrated Workflow and Compliance Solutions Best Improved Overall Market Share by Volume (S5bn $10bn) Best Improved Overall Market Share by
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  • executive Money
    • Article, Illustration
      Lock icon Check retirement calculations again
      1154 37  -  With bond and stock-dividend yields plummeting, expecting returns on portfolios in line with their historical averages may be dangerous By CARLA FRIED Bloomberg ANYONE who puts even minimal elbow grease into retirement planning is well aware of “the number”, the anxiety-pro-ducing seven-figure sum online calculators and
      Bloomberg; STOCK.XCHNG  -  1,154 words
    • Article, Illustration
      Lock icon Emerging-market equities beckon
      1498 38  -  Institutional investors are taking to emerging markets after a long losing streak in the segment By MICHAEL PATTERSON, WEIYI LIM Bloomberg THE longest losing streak for developing-mar-ket equities in more than a decade is turning investors who shunned the stocks a year ago into buyers, after valuations
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      Lock icon Aviva Investors eyes growth in Asia-Pacific
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