The Business Times, 12 October 2011

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Microfilm: NL31669
Total Pages: 36
1 36 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 12,
    23 words
  • Article, Illustration
    Lock icon SIAS chief prepares to pass the baton
    774 1  -  By JAMIE LEE [SINGAPORE] The founder of the Securities Investors Association (Singapore), or SIAS, may have finally found a new team to take lead one with a stronger corporate flavour than what SIAS is accustomed to. And SIAS president and CEO David Gerald
    FILE PHOTO  -  774 words
  • Article, Illustration
    Lock icon Royal Brothers reweaves a family property web
    741 1  -  Swaps involving over $1b of properties between Raj and Asok Kumar pave way for succession planning By KALPANA RASHIWALA [SINGAPORE] The Royal Brothers group, controlled by brothers Raj Kumar and Asok Kumar Hiranandani, is being restructured involving a swap of assets estimated to
    ARTHUR LEE; FILE PHOTO  -  741 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 GST INDEX 2,693.05 (+24.75) GST INDEX FUTURES 2,692.00 (+26.00) GSIMSCI 309.70 (+3.58) GSIMSCI FUTURES 310.10 (+4.20) FOREX US$ S$ US$ (S$ per US$) 1.282 (US$/S$ per 1.564 2.006 EURO (US$/S$/E) 1.363 1.748 Foreign currency per US$ S$ YEN 76.70 59.80 RM 3.131 2.442 HK$ 7.782 6.068 BAHT 30.94
    142 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      554 2 Royal Brothers reworks families’ $1b property web THE Royal Brothers group, controlled by brothers Raj Kumar and Asok Kumar Hiranandani, is being restructured involving a swap of assets estimated to be worth over $1 billion between the two men, say sources. The move is said to be aimed
      554 words
    • Article, Illustration
      Lock icon Govt to spend more for broad-based income growth
      578 2  -  Funding to also rise for push towards a more caring and green nation Reports by CHUANG PECK MING [SINGAPORE] The government will spend more in the next five years to sustain broad-based income growth and push for a more caring and green
      FILE PHOTO  -  578 words
    • Article
      Lock icon Furniture sector gets $17m booster shot
      300 2 SPRING Singapore is pumping $17 million to raise productivity in the furniture sector. Once seen as a sunset industry, furniture is now one of the beneficiaries of eight customised productivity roadmaps which the Ministry of Trade and Industry has developed for sectors that include
      300 words
    • Article
      Lock icon PICTET
      276 2 Pictet-Absl Rtn Glo Cons-P EUR 07 *****1 EUR 99,24 Pictet-Absl Rtn Glo Div-P EUR 07.*****1 EUR 110.14 Pictet-Asian Equities Ex Japan-P USD 07.10.2011 USD 147,49 Pictet-Asian Local Currency Debt-P USD 07.10.2011 USD 141,24 Pictet-Biotech-P USD 07.10.2011 USD 270,68 Pictet-CHF Liquidity-P 07.10.2011 CHF 124,29 Pictet-Clean Energy-P USD 07.10.2011 USD 59,77
      276 words
    • Article
      Lock icon Recapitalisation of EU banks seen as short-term fix
      339 2  -  By EMILYN YAP [SINGAPORE] Markets are counting on bank recapitalisations in the eurozone to stem the onset of another financial crisis but that will not offer a real, lasting solution. There may be an “immediate positive reaction in the market” after the
      339 words
    • Article
      Lock icon S’pore employment rate among world’s highest
      472 3  -  77% of S’poreans aged 25-64 had jobs in 2010; 1.7m citizens working in June 2011 By NISHA RAMCHANDANI [SINGAPORE] The Republic has one of the highest employment rates globally, with almost eight in 10 working-age Singaporeans holding jobs last year, according to a government
      472 words
    • Article, Illustration
      Lock icon S’pore faces risk of slower growth: Tharman
      268 3  -  By CONRAD TAN [SINGAPORE] The Republic is likely to face slower economic growth in the next few years as the world economy slows, Deputy Prime Minister Tharman Shanmugaratnam said yesterday. “Theglobal economic environment has become more uncertain. There is a general lack of
      REUTERS  -  268 words
    • Article, Illustration
      Lock icon Ad agency WPP sees strong growth in BRIC
      583 3  -  By VIRGINIE MANGIN in Beijing WPP, the world’s biggest advertising agency, sees continued strong growth in 2011 and 2012 in the BRIC countries despite fears of a global recession. In an interview with The Business Times, Martin Sorrell, WPP’s chief executive officer
      BLOOMBERG  -  583 words
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      205 2 ©SINGAPORE WORKFORCE SKILLS QUALIFICATIONS COMPLETE PUZZLE r A s se cuW" \NSQ SECURITY WSQ THE MISSING PIECE FOR BUSINESS PERFORMANCE ADVANCE NOW WITH THE RELEVANT WSQ QUALIFICATIONS With evolving technology and new threats, the security industry constantly needs to upgrade to stay relevant and competitive. The Singapore Workforce Skills Qualifications
      205 words
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      88 2 ALMATY Beijing Seoul I* Bangkok Kuala Lumpur < Air Astana connects Far South East Asia to Kazakhstan 12 times a week (5 times a week from Beijing, 2 times a week from Seoul, 3 times a week from Bangkok, twice a week from Kuala Lumpur). Air Astana serves Kazakhstan from
      88 words
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      49 words
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  • COMPANY NEWS
    • Article
      Lock icon UIS needs to drive home its long-term benefit
      759 4  -  HOCK LOCK SIEW By JAMIE LEE THE selling point for United International Securities (UIS) appeared quite clear and attractive when the closed-end fund was listed some 20 years ago. What was implicit in the listing of the fund was the chance to
      759 words
    • Article, Illustration
      Lock icon Tiger's Sept passenger volume falls 15%
      270 4  -  By JOYCE HOOI BUDGET carrier Tiger Airways’ September passenger volume tumbled 15 per cent from a year ago, due partly to its Australian unit operating at reduced capacity and on a limited schedule. The airline carried 395,000 passengers in September, down from 464,000 passengers
      AFP  -  270 words
    • Article
      Lock icon Wanxiang’s majority owner makes exit offer
      420 4  -  By CONRAD TAN WANXIANG International’s majority owner is offering to buy out the rest of the company’s shareholders and delist it from the Singapore Exchange, citing factors such as an underperforming share price and a low trading liquidity. A consortium comprising Wanxiang executive chairman
      420 words
    • Article
      Lock icon Outlook for Asia-Pac M&As still positive: deal advisers
      432 5  -  Majority in survey see deal sizes in the year ahead to be in US$100-500m range By LYNETTE KHOO WHILE global uncertainties persist, advisers of mergers and acquisitions (M&As) in the Asia-Pacific region are still maintaining a positive outlook for the region’s M&A
      432 words
    • Article
      Lock icon Short-selling on the rise despite low valuations
      853 5 Bloomberg [HONG KONG] Investors are increasing bearish trades by the most in at least five years, convinced the lowest valuations since 2009 will prove no barrier to losses after US$11 trillion was erased from equities. Borrowed shares, an indication of short selling, climbed
      Bloomberg  -  853 words
    • COMPANY BRIEFS
    • Article, Illustration
      Lock icon New SIAS faces are just raring to go
      386 7  -  They want to boost retail investor education and corporate governance here By JAMIE LEE THE new members of the management committee of the Securities Investors Association (Singapore), or SIAS, are eager to ramp up investor education for retail shareholders and up corporate
      386 words
    • Article
      Lock icon Kian Ann unveils payout policy, buyback plan
      371 7  -  By KELLY TAY MAINBOARD-LISTED Kian Ann Engineering Ltd’s board of directors yesterday announced the company’s adoption of a 25 per cent payout policy, alongside a proposed share buyback mandate. With regard to the latter, Kian Ann executive director and general manager Loy Soo
      371 words
    • Article
      Lock icon Lian Beng still a ‘buy’: analysts
      418 7  -  By DOLLY CHIA ANALYSTS from DMG Partners, Kim Eng, and OCBC Investment Research are still upbeat on Lian Beng Group, maintaining their “buy” calls on the stock, with target prices averaging 61 cents per share. The counter gained half a cent yesterday to close
      418 words
    • Article
      Lock icon CIMB downgrades S’pore property sector
      191 7 Reuters [SINGAPORE] CIMB Research downgraded Singapore’s property development sector to underweight from neutral yesterday, citing weaker economic and jobs growth as a recession in 2012 becomes highly likely. “We believe these indicators will precipitate in falling housing demand and office rents,” said CIMB in a
      Reuters  -  191 words
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      2546 4 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
      2,546 words
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      32 5 GRAFTON Leather Lined, Leather Sole, Storm Welted Singapore Shop 2-8, Level 2, Ion Orchard Hong Kong Shop G33, Ground Floor, Prince's Building Shop 361, Level 3, Pacific Place Shop 2088A, 2/F, Elements
      32 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak Europe opening pares STI rise
      606 6  -  Index pulls back from intraday high to close at 2,693.05, up 24.75 points STOCKS R SIVANITHY Senior Correspondent HOPES that European leaders will be able to shore up the continent’s banks and bail Greece out played a central role in yesterday’s 24.75-point rise in
      Source: Bloomberg  -  606 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Oct 11 VALUE CLOSE BT OB/OS -461.00 -78.0 BT CADI -*****.00 +168.0 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 595.84 +7.29 FTSE ST Small Cap 402.03 +4.26 FTSE ST All Share 645.85 +6.30 FTSE ST China Top 184.40 +1.53 FTSE ST China 218.25 -0.25 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 70 40 48 6 4 5 76 44 53 Commerce 25 15 19 4 1 4 29 16 23 Tpt/Stor/Comms 21 8 13
      186 words
    • Article, Illustration
      Lock icon QUICKCHART
      351 6  -  by Kim Eng Research Hanging tough The stock has rebounded sharply from the $1.10 area and is trying hard to stay above the 200-EMA. Short-term technical indicators seem to be improving but more confirmation is needed. RSI is pointing towards the overbought territory and is above the neutral level.
      351 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 47,514 47,514 147,974 147,974 Manufacturing 172,402 16,603 189,005 191,240 122 191,362 Commerce 140,713 4,901 145,614 173,502 280 173,782 Tpt/Stor/Comms 200,327 2,520 202,847 246,638 170 246,808 Finance 26,280 50 26,330 216,393 10 216,402 Construction 22,924 15,868
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change CapMallsAsia 1.205 +0.005 CapitaLand 2.460 +0.010 CapitaMall 1.870 +0.035 CityDev 9.800 +0.040 ComfortDelGro 1.310 DBS Grp 12.040 +0.290 F&N 5.590 +0.020 GLP 1.580 Genting SP 1.595 +0.030 Golden Agri 0.595 -0.010 HK Land 4.770 -0.020 JMH 47.100 -0.270 JSH 26.830 +0.510 Jardine
      109 words
    • Article, Illustration
      Lock icon Euro edges down on profit-taking
      458 6 CURRENCIES AFP [TOKYO] The euro edged lower yesterday as traders moved to lock in profits from the unit’s sharp overnight gains, amid caution over the outcome of Slovakia’s vote to ratify Europe’s bailout fund. While the euro was supported by stronger risk appetite, investors waited
      AFP; BLOOMBERG FILE PHOTO  -  458 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      62 6 VOLUME Genting SP 138,837,000 Golden Agri 101,677,000 Noble Grp 64,849,000 *Genting HK US$ 37,338,000 STI 2800MBeCW*****0 36,148,000 Yangzijiang 34,732,000 Sky Petrol 33,023,000 HPH Trust US$ 28,851,000 NOL 28,548,000 Sheng Siong 28,247,000 VALUE($) Genting SP 223,042,200 Keppel Corp 100,574,640 Noble Grp 92,662,685 SingTel 80,141,940 DBS Grp 76,498,825 Golden
      62 words
    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP IS DJ US Tech 6320 384.6 5.0 Lyxor AsiaMT 10US$ 5061 382.0 6.3 DBXT Nifty 10US$ ***** 334.6 2.6 Asia Pac Brew 2700 200.0 8.0 DBXT MSEurope 10US$ 4032 176.9 3.5 DBXT FTChina25 10US$ 2430 120.5 4.0 DBXT MSKorea 10US$ 4942 101.3 1.6 DBXT MSTHAI
      120 words
    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 *****-200.0 -1.9 DBXT S&P Short 10US$ 4510 -82.0 -1.4 DBXT iBoxxSing 5SG$ ***** -81.0 -0.6 IS S&P500 ***** -79.5 -0.5 Jardine C&C 4050 -77.0 -1.9 DBS Bk 4.7% NCPS 100 ***** -68.0 -0.6 GLD 10US$ ***** -47.4 -0.2 JMH 4710 -34.6
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      168 7 LET'S POWER OUR FUTURE WITH ENERGY WE COULDN'T USE BEFORE. Introducing the world's largest floating offshore facility. On 20th May 2011, Shell committed to invest billions of dollars to develop the world's first Floating Liquefied Natura Gas (FLNG) facility. FLNG eliminates the need for laying pipelines to shore, and in
      168 words
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      Lock icon Page 7 Advertisements Column 2
      36 7 GNC LIVE WELL. Hizhi Energy all day long! X fct/e t/le <J&/idJouS paacJi -fta/our-! Stefanie Sun International Artiste i.zhi, Cordyceps Lingzhi power cocktail For Energy Immunity Promotion ends October 6281 5688 or 6757 4403 o www.gnc.com.sg
      36 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Govt mulling over options for LNG procurement
      382 8  -  Demand much stronger than expected: Iswaran Reports by RONNIE LIM DEMAND for liquefied natural gas from generating companies and industries here has proven much stronger than expected, said S Iswaran, Minister at Prime Minister’s Office. So much so that Singapore’s LNG aggregator, BG
      382 words
    • Article
      Lock icon EMA: Competition in power sector is working so far
      428 8 COMPETITION in the power market especially after the government’s divestment of the three biggest generating companies to new, foreign owners is working so far, says the Energy Market Authority. But it also stresses that “electricity supply is too critical to Singapore’s
      428 words
    • Article
      Lock icon Pasir Ris EC site draws whopping 11 bids
      475 8  -  First tender closing since hike in income ceiling for buyers By KALPANA RASHIWALA THE first tender closing for an executive condominium site following the higher income ceiling for EC buyers has drawn a whopping 11 bids. This response at yesterday’s state tender
      475 words
    • Article
      Lock icon Good reception seen for mixed use site in Bukit Panjang
      345 8  -  By UMA SHANKARI THE Urban Redevelopment Authority (URA) yesterday launched a commercial and residential site at the junction of Jelebu Road and Petir Road for sale by public tender. The 99-year leasehold land parcel, which is adjacent to the existing
      345 words
    • Article
      Lock icon This card gets you limo and fast immigration clearance
      278 8  -  By EMILYN YAP HSBC is going all out to woo the rich who travel frequently, by offering perks from limousine rides to faster immigration clearance with its new HSBC Visa Infinite credit card. The credit card debuted in Singapore yesterday, and
      278 words
    • Article, Illustration
      Lock icon First DBSS project in Bedok out soon
      257 8 BELVIA, the first design, build and sell scheme (DBSS) project in Bedok, is due to be launched this week. The 488-unit project comprising three, four, and five-room units, occupies a total land area of more than 16,657 square metres, and is expected to
      257 words
    • Article
      Lock icon 13 projects win property awards
      310 8  -  Inaugural property awards introduced by Fiabci Singapore By MINDY TAN A TOTAL of 13 projects were announced as winners of the inaugural Fiabci Singapore Property Awards last night. These awards will qualify them to participate in next year’s prestigious International Real Estate Federation’s (Fiabci) Prix
      310 words
    • Article
      Lock icon More needs to be done for workers’ retirement needs
      521 8  -  S’pore ranks 11th out of 16 countries in Mercer study of pension systems By SIOW LI SEN THE government and employers need to do more if Singaporeans are to have an adequately funded retirement, and the poor to have old-age income
      521 words
    • Article
      Lock icon S’pore is No 2 hotel investment market in Asia
      326 8  -  By NISHA RAMCHANDANI SINGAPORE is the second most active hotel investment market in Asia so far this year, ringing up nine transactions worth a total of US$1 billion, according to CBRE Hotels. The most noteworthy hotel sales which took place in
      326 words
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      453 9 A' v -y- r yy|s A^^vr > v >. r3h $L. §m;\ v Ti fc t t L r;,Uv» w r r- j Bfe'■* i®r ""'XL, '|-f? t p.#; II; m 'I *i' 1 f .4 v V. > .> O' ,-v .,,>••• Vis Y'v&Y 1^ f ¥aT A' '.fSigi
      453 words
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  • ECONOMY WATCH
    • Article
      Lock icon US banks want customers to take on more debt
      635 10 They’re promoting balance-transfer offers to their most creditworthy clients Bloomberg [NEW YORK] The four biggest US banks are encouraging their most creditworthy customers to take on more debt, mailing credit-card balance-transfer offers with rates as low as zero per cent even
      Bloomberg  -  635 words
    • Article, Illustration
      Lock icon No easy answers for EU crisis, say Nobel winners
      376 10 Reuters [PRINCETON] Two Americans were awarded the Nobel prize for economics on Monday for work that was lauded as laying the foundation for modern macroeconomic analysis, but the two winners said they had no easy answers for the debt crisis plaguing
      Reuters; AFP  -  376 words
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      2528 10 ${>/*^[@)]?&@!?$*]"|$""[,,-?}@? CENTILLION ENVIRONMENT RECYCLING CENTILLION ENVIRONMENT RECYCLING LIMITED (Company Registration No. *****6445M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Centillion Environment Recycling Limited ("the Company") will be held at 300 Jalan Bukit Ho Swee, The Equation,
      2,528 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia surprises with interest rate cut
      532 11 Central bank trims benchmark rate by 25 basis points to a record low 6.50% Reuters [JAKARTA] Indonesia’s central bank unexpectedly cut its benchmark policy rate yesterday, the first such move by a G-20 member after Brazil, as Jakarta seeks to stimulate domestic demand and
      Reuters  -  532 words
    • Article
      Lock icon Sime not required to make mandatory offer for E&O
      569 11  -  By S JAYASANKARAN By in Kuala Lumpur SIME Darby told the stock exchange yesterday that the Securities Commission has found that it isn’t required to make a mandatory general offer (MGO) for shares in property firm Eastern Oriental (E&O). On August
      569 words
    • Article
      Lock icon Pinewood M’sia to be ready by May 2013
      439 11  -  By in Kuala PAULINE NG in Kuala Lumpur FOLLOWING a delay of more than a year, RM309 million (S$125 million) integrated media studios facility Pinewood Iskandar Malaysia Studios will be completed by May 2013. In a filing to the stock exchange yesterday,
      439 words
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      Lock icon Page 11 Advertisements Column 1
      68 11 Swiss quality also stands for innovation. Ensuring your success with global mailings. Swiss Post offers you cross-border mailing options to make your business even more successful. You can count on us for business correspondence, direct mailings, newspapers, magazines and small consignments. With our flexibility, innovativeness and reliability we are your
      68 words
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      108 11 arami s YOUR GIFT u I i r W fte «5 ARAMIS UMBRELLA Whatever the forecast, the Aramis man has places to go, people to see. All the more reason he'll appreciate this handsome, well-constructed umbrella that features a deep, espresso brown canopy finished with unique "a" detailing along the
      108 words
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  • GREATER CHINA
    • Article
      Lock icon China financials rally after state fund buys in
      417 12 Bloomberg [HONG KONG] Agricultural Bank of China jumped a record 12.8 per cent in Hong Kong, leading a rally in the nation’s financial shares after state-run Central Huijin Investment Ltd started buying the stocks. Industrial Commercial Bank of China, the world’s biggest
      Bloomberg  -  417 words
    • Article
      Lock icon Worst of China lending panic may be over: UBS
      444 12 City of Wenzhou is working with businesses and govt to stabilise credit Bloomberg [BEIJING] The worst of the “panic and hysteria” over informal lending in China may be over as the city of Wenzhou works with businesses and the central government
      Bloomberg  -  444 words
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      2087 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg "vA AVI-TECH ELECTRONICS LIMITED Company Registration No. *****5976H Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Avi-Tech Electronics Limited (the "Company") will be held at 19A Serangoon North Avenue 5,6th floor, Singapore *****9 on 27 October
      2,087 words
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      1440 12 PEC LTD. (Incorporated in Singapore) (the “Company”) (Registration No. *****0079M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Shenton Room Basement 1, M Hotel, 81 Anson Road, Singapore *****8 on Friday, 28 October 2011 at 3.00 p.m.
      1,440 words
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  • INDIA
    • Article
      Lock icon Airwaves plan will give telcos extra capacity: Bharti
      561 13 Govt will facilitate consolidation of the sector while ensuring competition: minister Bloomberg Reuters [NEW DELHI] India’s plan to let cellular carriers share, pool and trade radio airwaves and allow for consolidation will provide carriers with “much needed” extra capacity, Bharti Airtel Ltd
      Bloomberg; Reuters  -  561 words
    • Article
      Lock icon Project saves many from HIV
      446 13 AP [PARIS] An estimated 100,000 people in India may have escaped HIV infection over five years, thanks to one of the world’s biggest prevention programmes an encouraging sign that targeting high-risk groups remains vital even as more donors focus on treatment, a new study suggests.
      AP  -  446 words
    • Article, Illustration
      Lock icon Latin America – land of opportunity
      1226 13 Latin America land of opportunity In the first 8 months of 2011, Singapore’s trade with the region rose by 38% over the same period in 2010 to reach $25.9b BT ADVERTORIAL SINGAPORE-BASED companies are stepping up engagement with a thriving Latin America, even as uncertainties weigh down the global economy.
      1,226 words
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      192 13 "Valid while stocks last! "Terms Conditions Apply. 1 "Note: Vacation packages are only for hotel stay. A refundable deposit is required for hotel stay. H s Malaysia a Bai/PMnt Purchase a Hot Cold direct-piping Alkaline dispenser from as low as $780 and receive: 251 ea FREE holiday package!* (Worth S$1500)
      192 words
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  • WORLD
    • Article, Illustration
      Lock icon Greece to get crucial 8b euro loan
      565 14 EC will today unveil proposals to make banks fit enough to ride the debt crisis AP [ATHENS] Greece should receive a vital lifeline next month in order to avoid bankruptcy, its international lenders said yesterday, buying time in a debt crisis that Europe’s
      AP  -  565 words
    • Article
      Lock icon China remains the jewel in Asian property
      342 14  -  By UMA SHANKARI CHINA still remains the focus for Europe and US-based institutional investors looking for listed Asian real estate to invest in, said market players at a roundtable organised by the Asia Pacific Real Estate Association (Aprea) yesterday. “China still remains the
      342 words
    • Article
      Lock icon Executives tell Obama how to create jobs
      384 14 Proposals aim at FDI, energy, entrepreneurs Reuters [WASHINGTON] President Barack Obama could create millions of jobs by attracting more foreign capital to the United States, helping entrepreneurs and being more aggressive in energy, business leaders said. In a new report, the chief executives
      Reuters  -  384 words
    • Article, Illustration
      Lock icon Thai floods threaten to breach Bangkok barriers
      609 15 Govt cuts growth forecast from 4% to 3.7%, says disaster may cost 120b baht Bloomberg [BANGKOK] Thailand’s worst floods in more than 50 years have reached levels that threaten to overwhelm barriers protecting Bangkok, said Deputy Prime Minister Kittiratt Na-Ranong, who urged residents
      Bloomberg; XINHUA  -  609 words
    • Article
      Lock icon New bankruptcy ripples possible in tough times
      434 16 Big-name US companies in diverse industries struggling in lacklustre economy Reuters [NEW YORK] Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name compa- nies
      Reuters  -  434 words
    • Article
      Lock icon Russian banker eyes Asian stakes
      539 16  -  He says Singapore is attractive networking platform By MICHELLE TAN [SINGAPORE] Singapore could be the next Switzerland, says Herman Gref, chairman and chief executive of the largest bank in Eastern Europe, Sberbank. “Today, in Singapore, regulation is simple and more convenient than any in Switzerland
      539 words
    • Article, Illustration
      Lock icon Paulson investors stay faithful to funds
      572 18 Less than 10% asking to redeem despite huge losses, sources say Bloomberg [NEW YORK] John Paulson, the billionaire hedge-fund manager having the worst year of his career, has received less than 10 per cent in redemption requests for his Recovery and Credit Op- portunities
      Bloomberg  -  572 words
    • Article
      Lock icon Marketing execs struggle to tap social media, says survey
      313 18 Too much data and no savvy programs to analyse it AFP [LONDON] Marketing chiefs feel overwhelmed by the growing volume of customer data on websites such as Facebook and Twitter, and while they realise its potential value they are ill-equipped to
      AFP  -  313 words
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      1238 14 EUYAN SANG INTERNATIONAL LTD Company Registration No. *****2179H (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Eu Yan Sang International Ltd (“the Company”) will be held at Mandarin Orchard Singapore, Imperial Ballroom, Level 35, 333 Orchard Road,
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      198 15 MEMBRANE BIO REACTORS SEAWATER DESALINATION TOMORROW TOGETHER Thanks to our capable team, Hitachi is Asia's trusted water solutions provider. In highly populated nations such as Sri Lanka, Hitachi develops, maintains and upgrades water facilities to efficiently manage high water demand. Hitachi also optimises water quality and purification systems around the
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      2955 16 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg r• SELL IT• FIND IT Equation EQUATION CORP LIMITED Co. Reg. No. *****111 ON (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fifth Annual General Meeting of Equation Corp Limited will be held at
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      1652 16 MATS P Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES GRP GRP LIMITED GRP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****1449C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of GRP Limited will be held at Albizia Room, Level 2 of Jurong
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      2356 17 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg HaNKORE HANKORE ENVIRONMENT TECH GROUP LIMITED (Company Registration No.*****) (Incorporated in Bermuda) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Ocean 11, Level 2,
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      2486 17 GOODPACK LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0547W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 32nd Annual General Meeting of Goodpack Limited will be held at 7 Harrison Road, #06-01 Harrison Industrial Building, Singapore *****0 on Thursday, 27 October 2011 at 9.00
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      2152 18 '>;(&'/~`.-}/|*$^("><<=@^$$@[`? IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF TAIKO ELECTRONICS (SINGAPORE) PTE LTD (In Members’ Voluntary Winding-Up) Company Registration No. *****1073M RESOLUTIONS PASSED ON 6TH DAY OF OCTOBER 2011 At an Extraordinary General Meeting of the Company held at PLO 28, Kawasan Perindustrian,
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      1352 18 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Ii I£3 PI H DIGILAND INTERNATIONAL LIMITED I U I I \mA (Company Registration No. *****0571K) INTERNATIONAL (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of DIGILAND INTERNATIONAL LIMITED ("the
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  • TransportHUB
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      Lock icon Idle tankers seen hitting 2-decade high
      478 19 Prospects of a surge in global oil demand are fading as growth slows Bloomberg [LONDON] Owners of supertankers, losing money for a sixth consecutive quarter, will probably idle the most ships in more than two decades as they contend with a glut that has
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      Lock icon Baltic dry index rises for 4th session
      192 19 Reuters Bloomberg [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose for a fourth session on Monday helped by expectation of firmer Chinese iron ore demand and buoyant grains exports from the US. Brokers said growing
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      Lock icon Owners under pressure
      787 19  -  STRAIT TALK By DAVID HUGHES CURRENT tanker market rates are consistently below shipowners’ operating costs. That, at least, is the view of tanker owners’ group Intertanko. Intertanko’s chairman, Graham Westgarth, said in a statement issued last week, “If these rate levels continue for a long period, then
      787 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Growth in Asia travel bookings seen halving
        359 20  -  The less rosy Abacus outlook is partly due to the triple whammy in Japan By NISHA RAMCHANDANI TRAVEL booking volumes for Asia are expected to grow at a more muted pace of 2-4 per cent year on year in 2011, lower than the
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        Lock icon EADS says unaffected by French banks’ woes
        250 20 Reuters [PARIS] European aerospace and defence group EADS has not been affected by the difficulties French banks are having in securing dollar financing, chief executive Louis Gallois said on Monday. Foreign banks that do have access to the US currency are filling in
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        Lock icon Miyuki Suzuki named Jetstar Japan CEO
        365 20  -  Group CEO: Excellent response to domestic airline announcement By VEN SREENIVASAN FORMER telecommunications and IT services professional Miyuki Suzuki has been appointed chief executive officer of Jetstar Japan, the joint-venture budget carrier set up by the Qantas group (via its Jetstar franchise), Japan Airlines
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        Lock icon American to further slash seating capacity
        497 20 Bloomberg [DALLAS] AMR Corp’s American Airlines joined its bigger US peers with deeper seating cuts and said it would ground 11 jets in 2012 as it faces a weak economy, more pilot retirements and higher fuel costs. The fourth-quarter capacity reduction of 3 per
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        Lock icon German air traffic controllers plan walkout this week
        393 20 Bloomberg [FRANKFURT] Germany’s air traffic controllers plan to stage a strike over pay later this week, threatening services at carriers including Deutsche Lufthansa AG, should talks slated for today fail, their union said. Proposals issued by German air-navigation agency Deutsche Flugsicherung GmbH
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        Lock icon Corporate jet makers in US face cloudy skies
        672 20 But Asian sales, demand for long-range travel boost luxury segment NYT [LAS VEGAS] At eight in the morning, you don’t usually see so many men and women in dark suits unless it’s a memorial service. Especially here, in sunny Las Vegas. But
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    • TRANSPORT HUB: LAND
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        Lock icon China carmakers cut sales growth forecast again
        592 21 Move comes as India manufacturers slash projection on higher costs, interest rates Bloomberg Reuters [BEIJING] China’s auto manufacturing association cut its 2011 sales forecast for the second time in three months, following India in slashing its forecast for the sector. Dong Yang, deputy
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        Lock icon X3 SUV and China sales power BMW to extend lead over Audi
        443 21 Bloomberg [FRANKFURT] Bayerische Motoren Werke, the world’s biggest manufacturer of luxury vehicles, expanded its lead over Volkswagen’s Audi, buoyed by demand for the X3 sport utility vehicle. Sales at BMW’s namesake brand rose 9.3 per cent to 128,446
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        Lock icon Saudi Arabia to produce auto parts, design cars
        481 21 Bloomberg [KHOBAR, Saudi Arabia] Saudi Arabia plans to manufacture car parts by 2013 and to build two car models and assemble cars in about 10 years, said an official who is handling the development of the country’s automotive industry. “It’s a big
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        Lock icon World’s oldest running car sold for US$4.6m
        279 21 AFP [WASHINGTON] A steam-powered car considered the oldest vehicle in the world still running has sold at auction in the United States for more than US$4.6 million. The De Dion-Bouton et Trepardoux Dos-a-Dos Steam Runabout, nicknamed “La Marquise”, which was built in France
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      102 19 NORTON ROSE Opening up new frontiers On 1 January 2012 Norton Rose Group expands in Canada and opens up new frontiers in Latin America and Kazakhstan. Norton Rose Group welcomes leading Canadian firm, Macleod Dixon, to the Group on 1 January, bringing with it established offices in Caracas in Venezuela,
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  • Page 20 Miscellaneous
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      301 20 CRYPTIC CROSSWORD Across 1 Big group hug encompassing new nostalgia (11) 9 Rise unsteadily clutching worn-out fighter (7) 10 Planet with a revolution following Sun (6) 12 PM from left remains outside (7) 13 Do well to shut up! (7) 14 Bouquet thrown around front of church (5) 15 Raphael’s
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      2974 21 Q QINGMEI GROUP HOLDINGS LIMITED (Incorporated in the Cayman Islands as an exempted company with limited liability on 28 August 2009) (Company Registration Number: CT-*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Level 4, Enterprise Room,
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  • EDITORIAL & OPINION
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      Lock icon Bold action needed to get Japan back on track
      1030 22  -  Business, government and social leaders must take practical steps to regain the old spark By HEANG CHHOR The writer is a director of McKinsey Company. He will also be speaking about Japan’s Globalisation Imperatives in more detail at Global Entrepolis@Singapore 2011
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      Lock icon ‘One country, two systems’ 100 years after 1911
      770 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THIS week, Chinese on both sides of the Taiwan Strait celebrate the 100th anniversary of the fall of China’s last imperial dynasty, which
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      Lock icon A ray of hope for eurozone
      492 22 EDITORIAL AFTER their meeting last weekend in Berlin, German Chancellor Angela Merkel and French President Nicolas Sarkozy put out assurances that they are working out a grand plan to stabilise the eurozone sovereign debt crisis and all will be revealed in the last week
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      Lock icon Indonesian fiscal reforms take hold
      1206 23  -  Results of the reform are evident in the government’s ability to finance the various development initiatives By BAMBANG BRODJONEGORO The writer is the acting head of the Fiscal Policy Agency at Indonesia’s Ministry of Finance. Earlier, he was director-general, Islamic Research Training Institute (a member
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      Lock icon Matters that SGX needs to review
      211 23  -  LETTER TO THE EDITOR Denis Distant I REFER to the article “System shortcomings for SGX to fix” (BT, Oct 11) which raises issues that not only dealers and remisiers support but also investors, in particular, those who trade on-line. There are other issues which
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      Lock icon Let debt to Mubarak be a lesson for lenders
      852 23  -  By SAIFEDEAN AMMOUS The writer is visiting scholar at the Center for Capitalism and Society in Columbia University and lecturer in economics at the Lebanese American University AGLANCE at Egypt’s public finances reveals a disturbing fact: The interest that the country
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      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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      135 23 Business Opportunity Excellent Canadian agricultural investments for stable, consistent returns. Customized investment structures in fully serviced farm assets allowing title deeds for single or limited partnerships. Interested parties please call 6673 5420 GONDWANA MARKETING PTE LTD m TRIST& R PRIME GOOD CLASS BUNGALOW AT DISTRICT 10 BRIZAY PARK ASSiT MAMCtMKT
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  • SINGAPORE STOCKS
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      8197 24 Transaction date: Oct 11 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 10.5 15.5 7.8 4.9 2.6 59.9 9.5 4.1 A-Sonic 4.5 -0.5 21 4.5 4.5 4.5 6.3
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      1511 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 13 t 800 Super 15.5cd +1.9 1 15.5 15.5 13.9 15 4.7 3.5 6 27.7 5.5 2.5 t AA Grp 2.5 2.2 2.7
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      Lock icon UNIT TRUSTS & FUNDS
      10056 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.08/ APS Alpha Fund (USD)!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.5786/ Asian Credit Fund
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      Lock icon GLOBALQUOTE
      225 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 $mil 56 34 AVJennings A38 37 45 3.6 9.2 3 99 53 25.5 Genting HK US$ US27.5 unch ***** 29 27.5 27.5 28 1810.7 20 10 OGL Resources
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      Lock icon SGX ETF
      829 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 $mil 130 108 ABF SG Bond ETF 123cd 120 121.5 561.5 1261 856 CIMBAsean40 100US$ US913 928 933 36.5 350 259 DBS STI ETF 100 276cd +4
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  • FINANCE & COMMODITIES
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Oct 10 Index Change Change Change Change Change Change World Index Preliminary 803.3 2.1 -10.5 1.4 -10.2 2.5 -9.9 EAFE Preliminary 677.9 1.4 -15.4 1.1 -14.0 2.1 -13.7 Europe Preliminary 1006.4 2.0
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      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Oct 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.17 2.77 WTI (Near Mth) 85.31 2.24 Dubai (1-Mth F) 100.76 1.07 Tapis blend 114.48 1.77 Minas 107.48 1.77 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.11 0.11 Jet Kerosene 119.35 -0.65 US$/barrel Opec Oil
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      Lock icon CHICAGO BOT
      107 26 Oct 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1177.50 1158.25 1193.00 1158.25 Jan 12 1188.75 1170.00 1203.25 1169.25 Mar 12 1197.75 1179.25 1212.75 1179.25 May 12 1205.25 1187.25 1220.00 1189.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 49.86
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      Lock icon GOVERNMENT SECURITIES
      79 26 Oct 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.01.2012 0.24 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 103.61 5-Year N*****0W 1.125 01.04.2016 102.66 102.80 102.70 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      436 26 Oct 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4450 0 1902 Mar12 99.3600 0 3458 Jun12 99.3250 0 1201 Sep12 99.3000 0 759 EUROYEN TIBOR FUTURES Dec11 99.6900 0 2382 Mar12 99.6800 0 2128 Jun12 99.6825 0 1470 Sep12 99.6800 0 610 Dec12 99.6850
      436 words
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      Lock icon SMX MARKET UPDATE
      118 26 As on 10 October 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1675.80 1649.70 1670.90 1635.9 Silver DEC-11 32.260 31.505 32.135 31 CURRENCY US Dollar-Jap Yen DEC-11 76.68 76.45 76.53 76.66 Euro-US Dollar DEC-11 1.3689 1.3433 1.3645 1.3386 Aust-US Dollar DEC-11 0.9926
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      Lock icon SGX FUTURES
      160 26 Oct 11 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Nov 11 423.9 423.9 423.9 2 270 Dec 11 422.5 443 Jan 12 424.0 237 Feb 12 429.0 427.0 424.3 6 136 Mar 12 430.0 428.9 425.9 6
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    • Article
      Lock icon LONDON METALS
      71 26 Oct 10 Oct 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2223.50 2194.25 3 months 2259.00 2228.00 Copper, Grade A (US$/tonne) Cash 7475.75 7349.50 3 months 7495.00 7369.00 Lead (US$/tonne) Cash 2008.00 1957.50 3 months 2005.00 1940.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 Oct 11 Open High Sett STI Oct 2692 SIMSCI Oct 306.5 313.7 310.1 Taiwan Oct 261.4 262.7 262.0 Source: MF Global (S) Pte Ltd
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2030 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 2 1 100 1 150 45 52.50 31 ASJ Hldgs W*****1 0.5 1 4 36 6.60 4 AlliedTech W*****2 1.7 1 4 25 Aztech Grp W*****3 0.6 1
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      Lock icon LIFFE
      82 26 Oct 10 COCOA (£/tonne) Close Prev High/Low Dec 11 1707 1717 1733/1705 Mar 12 1735 1746 1760/1733 May 12 1752 1762 1777/1749 Jul 12 1766 1779 1789/1762 COFFEE (US$/tonne) Close Prev High/Low Nov 11 1952 1955 1976/1921 Jan 12 1977 1983 2004/1949 Mar 12 2004 2009 2029/1977 May 12
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 Oct 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.336 0.729 7.735 48.820 88.868 0.762 11.607 3.112 1.272 86.905 43.191 1.275 7.852 0.899 30.150 30.761 0.636 0.994 Canada 0.975 6.179
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      Lock icon SIBOR
      82 26 Oct 11 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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      Lock icon PRECIOUS METALS
      144 26 Oct 11 GOLD (US$/oz) Oct 10 Oct 11 Hong Kong 1661.00 1661.00 Oct 07 Oct 10 London 1651.80 1663.60 1652.55 1664.74 Source: Thomson Reuters CAST BAR Oct 11 (S$) Selling Buying Kilobar 73,926.30 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 470 344 10gm 840
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      Lock icon PALM OIL
      57 26 Oct 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 2810 2835 2835 2810 80 489 Nov 11 2820 2800 2820 2776 542 9949 Dec 11 2817 2801 2818 2776 ***** ***** Jan 12 2834 2813
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      Lock icon INTERBANK CURRENCY RATES
      154 26 Oct 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2740 1.2756 0.9938 0.9943 Canadian dollar 1.2423 1.2441 0.9691 0.9697 Euro 1.7472 1.7488 1.3630 1.3632 NZ dollar 1.0015 1.0031 0.7813 0.7819 Sterling pound 2.0048 2.0065 1.5639 1.5640
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      Lock icon US$/S$ FORWARD RATES
      22 26 Oct 11 S$ Bid Offer 1-month 1.2818 1.2828 2-months 1.2816 1.2827 3-months 1.2811 1.2822 6-months 1.2784 1.2798 Source: OCBC
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Oct 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.266 1.218 Euro 1.774 1.706 Sterling pound 2.036 1.958 NZ dollar 1.027 0.979 US dollar 1.297 1.248 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 26 Oct 11 $S Offer Bid 0vernight 0.03 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.04 US$ 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
    5037 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
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      41 27 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
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      57 28 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? 75—G THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the
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      18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE -.THE BUSINESS TIMES SHIPPING TIMES
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      803 29 SHAKE UP EUROPE'S DEBT CRISIS PROSPECTS NOW! If xJB! E4TRADE" MOBILE PBOl)) w y; k m O R«»l Tim© Ouotes mm 11:32 PM ET 09/14/11 H 1 E*TRADE MOBILES PRO Unleash Your U.S. Trading Complete View ™[73 Streaming Real-time Quotes Market Indexes Stocks at a glance a of Accounts Live
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  • executive Money
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      Lock icon Mining shares fail to reflect gold’s shine
      1011 29 While gold is up 14.3% this year, an index of mining stocks has tumbled 18.4% NYT [NEW YORK] If you bought a precious metals fund at the start of this year because you expected stockmarket turbulence and thought gold would be a refuge,
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      Lock icon Playing dice with mutual fund returns
      1217 30 Vanguard founder John Bogle says luck plays a bigger role in mutual fund returns than most people understand and that fund marketing often glosses over that fact NYT [NEW YORK] In sports, the lessons of long-term performance seem obvious. Edwin Moses, the hurdler, wins
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      Lock icon Can emerging markets be a safe harbour?
      1137 31 The consensus among portfolio managers is that shares of companies tied to certain segments of emerging economies should provide some shelter from the next storm NYT [NEW YORK] Ideas that come into vogue and fail to pan out may not be wrong, just
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      Lock icon Leveraged ETFs ratchet up market volatility
      894 32 ETFs, which allow investors to bet on a certain basket of stocks, commodities or an index, are perhaps the hottest item now in investing with some US$1t invested NYT [NEW YORK] Did you watch the markets on Monday? In the last 18 minutes of
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      Lock icon It’s not all doom and gloom
      979 33  -  Analysts agree the long-term structural strength of Asia and the emerging markets makes those regions a buy, reports GENEVIEVE CUA EXTREME anxiety over Europe’s debt crisis and the outlook for the global economy has dragged fund returns of major markets into the red in
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      297 30 xw S VJN U OV>V"„w a* a< eS China Opportunities and Strategies Timely moves to optimize potential iV HP KV Allianz (m) Global Investors The opportunities in China can never be underestimated. Despite inflationary concerns, the valuations of Chinese equities remain attractive on strong earnings fundamentals. With the 12th Five-Year
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      52 30 JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent BUSINESS OPPORTUNITY Singapore Licensed Insurance Broking firm for sale or joint venture with ongoing business. Interested, kindly email: anvoon88@yahoo.com Mcapital
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      10 31 S'porefirm launches technology inChina capture choices& habitsof TVviewers thatcan Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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