The Business Times, 4 July 2012
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2012-07-04
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The Business Times
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Title Section25 2012-07-04 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, July 4, 201225 words
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752 2012-07-04 1 EMILYN YAP - COMMENTARY By EMILYN YAP [SINGAPORE] Must something be broken before it is fixed? This is a question the Association of Banks in Singapore (ABS) will face, as evidence of Libor manipulation in the United Kingdom casts a shadow on the robustness of Sibor here.752 words
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Article, Illustration987 2012-07-04 1 NEIL BEHRMANN - Barclays CEO, hounded out over Libor rigging, may reveal embarrassing details about regulators By NEIL BEHRMANN in London THE man who admitted that his bank had collaborated in rigging interest rates was forced out yesterday kicking and screaming. Barclays chief executive Bob987 words
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MARKETS DIGEST
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Article110 2012-07-04 1 GST INDEX 2,945.33 (+34.74) GST INDEX FUTURES 2,944 (+35) GSIMSCI 339.46 (+4.07) GSIMSCI FUTURES 339.30 (+3.80) us$ s$ US$ (S$ per US$) 1.263 (US$/S$ per 1.569 1.982 EURO (US$/S$/E) 1.258 1.589 Foreign currency per US$ S$ YEN 79.80 63.20 RM 3.153 2.495 HK$ 7.754 6.137 BAHT 31.50 24.93 RUPIAH110 words
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Article19 2012-07-04 1 SINGAPORE 5.38 MALAYSIA 6 55 HONG KONG 5.00 INDONESIA 14 386 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg19 words
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Page 1 Advertisements
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Advertisement56 2012-07-04 1 EXEC MONEY Advantage of a multi-asset income strategy page 28 GET YOUR COPY! Unclear about the implications of the soon-to-be-implemented Lemon Law? Or worried about costs for industrial space and wondering if prices will continue to surge? Tap on the views of experts in The SME Magazine, free with your56 words
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Advertisement12 2012-07-04 1 COMMENTARY Raising the water mark for audit committees PAGE 19 *****1 *****412 words
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Advertisement87 2012-07-04 1 LAND TRANSPORT New VW Beetle reflects spirit of original car PAGE 22 My name:Henry My business: Enterprise cloud solutions Performance-driven technologies My dream:A virtual cloud nine My private bank:Julius Baer, because they master the balance of performance and stability My passion: www.juliusbaer.asia Julius Baer, the leading Swiss private banking group,87 words
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Advertisement8 2012-07-04 1 STRAIT TALK Cruising: business as usual PAGE 208 words
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TOP STORIES
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Article421 2012-07-04 2 Diamond steps down, but may tell all BARCLAYS chief executive Bob Diamond finally bowed to political and City pressure and resigned days after the bank was fined £290 million (S$576 million) for manipulating Libor. FRONT PAGE Sibor feels tremors from Libor quake MUST something be broken before it421 words
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471 2012-07-04 2 TEH SHI NING - Factory output in the next few months may come under pressure By TEH SHI NING [SINGAPORE] Singapore’s manufacturing sector may have bucked the global trend of receding purchasing managers’ indices (PMIs) for a second month in June, but economists say factory activity471 words
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Article, Illustration660 2012-07-04 2 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak yesterday launched the prospectus of the RM23 billion (S$9.2 billion) initial public offering (IPO) of global healthcare provider IHH Healthcare at a glitzy event befitting the third-largest listing in the world this year.AFP - 660 words
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335 2012-07-04 2 SAMUEL EE - By SAMUEL EE [SINGAPORE] The Committee of Inquiry (COI) appointed to look into the MRT service disruptions on Dec 15 and 17, 2011 has completed its report. It was submitted to the Ministry of Transport yesterday and will be made available to the public335 words
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874 2012-07-04 2 GRACE LEONG - Partners of Bali club wants registration of trademark here voided By GRACE LEONG [SINGAPORE] Allegations of greed, fraud and subterfuge emerged in the opening statements of several parties locked in a high-stakes battle that began on Monday for trademark rights to the874 words
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465 2012-07-04 3 ANNA TEO - It emerges first in ‘input’ sub-index, but ranks 11th on ‘innovation output’ By ANNA TEO [SINGAPORE] Singapore has retained its third spot on the latest Global Innovation Index (GII) though apparently its strength lies mostly in its capabilities than in “creative outcomes”. The465 words
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452 2012-07-04 3 LYNN KAN - Asian utilities should cut leakage and theft to 20% from current 60% By LYNN KAN [SINGAPORE] If Asian water utilities halve the 29 billion cubic metres of water a year they lose through leakages, 150 million people about half the population of452 words
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Article, Illustration596 2012-07-04 3 VICTORIA HO - By VICTORIA HO [SINGAPORE] The government has upped the pressure on OpenNet, making it raise its installations from 2,050 a week to 3,100, and requiring it to cover a number of service offering “gaps”. The wireline infrastructure provider for the nationwide broadband networkFILE PHOTO - 596 words
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Page 2 Advertisements
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Advertisement302 2012-07-04 2 I chose Kaplan Professional as my preferred training partner It’s my choice. At Kaplan Professional, we understand the need for reliable and comprehensive solutions, where productivity, cost-savings and efficiencies for SMEs can always be achieved. We are committed to supporting individuals and organisations in achieving results and career success at302 words
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Page 3 Advertisements
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Advertisement202 2012-07-04 3 it: m\m ATTENTION ASSIST drowsiness detection system mk y '.4 Class 4 -r\ H E 250 CGI BlueEFFICIENCY (AVANTGARDE) Sport Edition Trade-in savings $27,900 Financial rebate up to $20,080 The BlueEFFICIENCY concept A sound decision and the time is right. The E-Class Sport Edition. With trade-in booster and financial rebate.202 words
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COMPANY NEWS
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568 2012-07-04 4 JOYCE HOOI - Move comes after SembMarine lost case; the latter has since filed appeal By JOYCE HOOI BAKER Technology will go ahead and recognise the gain from the sale of PPL Holdings (PPLH) to the consortium led by Middle Eastern firm QD Asia568 words
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Article, Illustration597 2012-07-04 4 WANG XIN MIN - By WANG XIN MIN RETAIL investors in Singapore have turned a bit optimistic in their investment outlook for the next halfyear compared with six months ago, but remain cautious, according to a survey by JP Morgan Asset Management. The survey showedSTOCK.XCHNG - 597 words
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352 2012-07-04 4 LYNETTE KHOO - It eyes more deals as provinces upgrade power grid By LYNETTE KHOO HU An Cable has clinched a 101.3 million yuan (S$20.1 million) contract to supply low-voltage aerial bundled cables to Hubei Province Electric Power Company. The contract is its352 words
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Article, Illustration408 2012-07-04 4 Bloomberg [SINGAPORE] Ricardo Leiman, the former chief executive officer of Noble Group Ltd who has sued in Singapore claiming shares and a bonus were wrongfully withheld, accused the company of mischief for saying he was fired. Mr Leiman disputed that he was terminatedBloomberg - 408 words
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Article278 2012-07-04 4 Pictet-Absl Rtn Glo Cons-P EUR 29.06.2012 EUR 103,80 Pictet-Absl Rtn Glo Div-P EUR 29.06.2012 EUR 116,90 Pictet-Asian Equities Ex Japan-P USD 29.06.2012 USD 156,14 Pictet-Asian Local Currency Debt-P USD 29.06.2012 USD 146,92 Pictet-Biotech-P USD 29.06.2012 USD 344,86 Pictet-Clean Energy-P USD 29.06.2012 USD 57,89 Pictet-Digital Communication-P USD 29.06.2012 USD 136,93278 words
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401 2012-07-04 5 LYNN KAN - It has clinched three projects worth more than $70 million By LYNN KAN UNITED Engineers Limited (UEL) may have made more waves as a developer in past years, but it is setting its sights on growing its $80 million a year environment business. UEL401 words
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634 2012-07-04 5 David Chan and Dymon founder were former colleagues at Goldman Bloomberg DYMON Asia Capital (Singapore) Pte, the best-performing large hedge fund in Asia last year, hired a former head of macro trading at Goldman Sachs Group Inc as chief executive officer, strengtheningBloomberg - 634 words
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Article, Illustration331 2012-07-04 5 GLENN CHOO - By GLENN CHOO MAINBOARD-LISTED integrated water solutions company Hyflux opened its new $60 million global headquarters yesterday. Called Hyflux Innovation Centre (HIC), the building on Bendemeer Road has a gross floor area of more than 400,000 square feet and will serve as the nerve centre331 words
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428 2012-07-04 8 AUDREY TAN - Credit card points redemption can be done instantly and without hassle By AUDREY TAN DBS Bank credit card holders can now redeem their credit card points instantly with a new mobile application called DBS Rewards. It is the third lifestyle mobile app428 words
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COMPANY BRIEFS
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100 2012-07-04 8 ST Engineering said Singapore Commuter Private Limited the wholly owned subsidiary of its land systems arms ST Kinetics has injected US$6.66 million into its joint venture, Jiangsu Huatong Kinetics Co Ltd. The capital injection is the first progressive proportionate capital contribution of an100 words
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Article67 2012-07-04 8 JADE Blossom Limited, a subsidiary of Goldtron Limited, has agreed to sell its own subsidiary PE HK to Red Mars Investment Limited for HK$2,000 (S$325). The consideration took into account PE HK’s net negative asset value as at Dec 31, 2011, of HK$1.4 million. PE HK had67 words
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Article72 2012-07-04 8 C&G Environmental Protection Holdings has been selected as the preferred bidder for the Guiyan waste-to-energy (WTE) project in China’s Guizhou province. C&G will start negotiations with the Guiyang authorities to finalise the terms and conditions of the project agreements, the firm said yesterday. Total investment72 words
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72 2012-07-04 8 YEO Hiap Seng (Malaysia) Berhad announced yesterday that an appeal against a Jakarta High Court decision that was found in its favour in 2010 has been rejected. The Jakarta Supreme Court rejected the appeal by the plaintiff, PT Kharisma Inti Persada, which was72 words
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Article75 2012-07-04 8 AIMS AMP Capital Industrial Reit has extended 55 per cent of 27 Penjuru Lane’s underlying leases out to FY2016 and FY2018. The extended lease will take into effect once the asset’s master lease expires in FY2013. “Management is currently in negotiations to renew the underlying75 words
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Advertisement152 2012-07-04 4 SID Singapore Institute of Directors Professional Training for Company Directors The Singapore Institute of Directors (SID) is the national association of company directors. SID promotes the professional development of directors and corporate leaders. It works closely with private sector professional firms, academia and regulators, its network of members and professionals,152 words
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Advertisement199 2012-07-04 4 SID Singapore Institute of Directors SID Directors Conference 2012 Corporate Governance In The New Normal The annual conference organised by the Singapore Institute of Directors (SID) 9.00 am to 5.30 pm, Wednesday, 12 September 2012 Marina Bay Sands Singapore Guest-of-Honour Mrs Josephine Teo Minister of State, Ministry of Finance and199 words
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Advertisement95 2012-07-04 4 Legend of the Seas tarty fifar SAVERS 2- WEEKEND MALACCA CRUISE Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call: Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 Ports-of-call: Singapore,95 words
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Page 5 Advertisements
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Advertisement58 2012-07-04 5 dnata welcomes a partnership that’s a cut above. 1 Today, dnata takes great pleasure in welcoming Yangtze River Express to Singapore. As its official cargo handler, dnata stands ready to forge a partnership that’s a cut above the rest with China's premier cargo airline. For details, visit dnata at www.dnata.sg58 words
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Advertisement179 2012-07-04 5 JERRY LUM m 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 Wh«n You Buy. Sell, or Rent Lancaster University Management School m ■*rrn n W k y r 4th Intake commences in September 2012 Application Deadline179 words
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SINGAPORE MARKETS
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Article, Illustration621 2012-07-04 6 R SIVANITHY - But trading volumes show signs of tapering off; market hopes for stimulus from European Central Bank STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday continued to ride on the momentum generated by last week’s end-of-quar-ter window-dressing, news of yet another bailout deal forSource: Bloomberg - 621 words
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Article66 2012-07-04 6 Jul 3 VALUE CLOSE BT OB/OS 484.00 +3.0 BT CADI -*****.00 +103.0 BT 10-day MA -*****.00 +48.00 FTSE ST Mid Cap 686.48 +6.29 FTSE ST Small Cap 454.06 +2.27 FTSE ST All Share 713.77 +7.86 FTSE ST China Top 203.04 +3.77 FTSE ST China 227.30 +3.76 FTSE66 words
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Article186 2012-07-04 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 3 0 0 0 10 3 3 Manufacturing 61 36 45 9 6 7 70 42 52 Commerce 22 21 14 1 4 2 23 25 16 Tpt/Stor/Comms 20 12 7186 words
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Article, Illustration914 2012-07-04 6 JOYCE HOOI - Compiled by JOYCE HOOI CapitaMalls Asia Limited July 3 close: $1.605 MAYBANK KIM ENG RESEARCH, July 3 ESTABLISHMENT of US$1 billion China fund. CMA announced that it has set up CapitaMalls China Development Fund III (CMCDF III), in which it will have a 50 per cent stake. TheSource: Bloomberg - 914 words
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Article121 2012-07-04 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,259 27,259 102,973 102,973 Manufacturing 347,016 151,033 498,049 226,409 4,791 231,201 Commerce 281,371 4,182 285,553 175,268 492 175,760 Tpt/Stor/Comms 104,764 9,471 114,235 149,639 2,479 152,118 Finance 19,765 10,720 30,485 174,088 5,108 179,196 Construction 53,584 2,397121 words
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Article113 2012-07-04 6 Stock name Close Change CapMallsAsia 1.605 +0.025 CapitaLand 2.810 +0.090 CapitaMall 1.920 +0.015 CityDev 11.300 +0.070 ComfortDelGro 1.560 +0.010 DBS Grp 14.150 +0.160 F&N 7.090 +0.060 GLP 2.150 +0.030 Genting SP 1.390 -0.020 Golden Agri 0.720 +0.035 HK Land 5.850 +0.110 JMH 50.750 +0.400 JSH 31.200113 words
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Article, Illustration573 2012-07-04 6 CURRENCIES Reuters [LONDON] The euro was steady against the US dollar yesterday as prospects of weakness in the US economy leading to further monetary easing offset poor eurozone data and doubts about a European plan to support indebted countries. Analysts and tradersReuters; PHOTO: REUTERS - 573 words
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Article57 2012-07-04 6 VOLUME Noble Grp 85,765,000 GSH Corp 84,514,000 Golden Agri 80,498,000 ChinaTaisan 66,890,000 Goldtron 57,877,000 Midas 53,922,000 TT Intl 52,220,000 Genting SP 51,670,000 ChinaFashion 40,237,000 M Devt 30,830,000 VALUE($) Noble Grp 98,460,427 Genting SP 72,325,715 UOB 69,752,269 Keppel Corp 66,864,455 CapitaLand 66,740,450 Golden Agri 56,843,360 DBS Grp 56,340,15057 words
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Article107 2012-07-04 6 BY CENTS CLOSE UP GLD 10US$ ***** 157.9 0.8 DBXT MSEurope 10US$ 4168 116.2 2.3 Lyxor MS India 10US$ 1234 92.2 6.3 JSH 3120 88.4 2.3 DBXT MSKorea 10US$ 5375 77.1 1.1 UOB 5.05%NCPS 100 ***** 59.0 0.6 JMH 5075 50.5 0.8 UOB 1916 37.0 2.0 DBXT MSTaiwan 10US$107 words
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Article117 2012-07-04 6 BY CENTS CLOSE DOWN SPDRS S&P500 10US$ *****-***** -45.4 DBXT FTVietnam 10US$ 2283 -53.1 -1.8 CombWill 100 69 -10.0 -12.7 IS MS India 100US$ 563 -8.8 -1.2 CityDev.ES.1207 1121 -7.0 -0.6 Elec Eltek 265 -6.3 -1.9 DairyFarm 1060 -5.1 -0.4 Spore Land 567 -3.0 -0.5 TCT 159.5 -3.0 -1.8117 words
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Page 7 Advertisements
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Advertisement249 2012-07-04 7 A S t r a i t s Ti m es A pp r ec i a t es R ea d e r s E v e n t Watch concert and get FREE tickets to Universal Studios Singapore® Singapore Flyer July 15, Sunday, 6.30pm Gardens by the Bay249 words
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Advertisement1470 2012-07-04 8 ESAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No. EC *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2012 Annual General Meeting (“AGM”) of Biosensors International Group, Ltd. (the “Company”)1,470 words
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Advertisement1673 2012-07-04 8 BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No. EC *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING (“SGM”) of Biosensors International Group, Ltd. (the “Company”) will be held at Regent Singapore, Level III, Boardroom1,673 words
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SINGAPORE NEWS
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Article, Illustration531 2012-07-04 9 LYNN KAN - S’pore’s deep tunnel sewerage system also cited in KPMG’s global infrastructure top 10 short-list By LYNN KAN SINGAPORE’S Tuas II Desalination plant and a 48-kilometre sewerage superhighway have helped the island republic become the only country with two projects among the world’s topSource: KPMG - 531 words
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375 2012-07-04 9 MINDY TAN - By MINDY TAN THE trend of capital values of industrial space rising even as rents soften, as seen in Q2, is likely to continue for the rest of the year, according to DTZ, part of UGL Services. In particular, rents of hi-tech industrial375 words
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Article, Illustration381 2012-07-04 9 NISHA RAMCHANDANI - Analysis of real-time data will let agency make quick findings By NISHA RAMCHANDANI THE National Environment Agency (NEA) and IBM are teaming up as part of a three-year research collaboration to develop advanced modelling and predictive capabilities that will tackle major environmental concerns in Singapore.381 words
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243 2012-07-04 9 A PRIME 99-year leasehold residential site was launched for public tender yesterday. Landmark Tower, located on Chin Swee Road, has a site area of about 60,821 square feet and is zoned “residential” under the 2008 Master Plan. The development, comprising 38 floors and a243 words
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391 2012-07-04 9 MICHELLE TAN - By MICHELLE TAN THE recovery of Singapore’s property market since 2009 has been a welcome fillip for the wallets of private home owners. Based on caveats lodged, private residential home owners pocketed at least $20.3 billion in gross profit since the sector recovered391 words
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335 2012-07-04 9 MINDY TAN - By MINDY TAN THE Housing and Development Board (HDB) yesterday signed a memorandum of understanding (MOU) with two French companies Electricite de France and Veolia Environment Recherche et Innovation to work on a modelling tool that will help the board develop sustainable urban335 words
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391 2012-07-04 9 KELLY TAY - By KELLY TAY in Lindau, Germany EVEN as countries in Asia and most formidably, China ramp up their investments in the biomedical sciences sector, Singapore is well-poised to take the heightened competition head-on. This is thanks to the Republic’s 12-year head-start in the391 words
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ECONOMY WATCH
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648 2012-07-04 10 Brazil, Russia, India, China comprise 20% of world economy this year Bloomberg [LONDON] The biggest emerging markets are contributing more than ever to the global economy as their proportion of the world stock market shrinks, leaving investors with the widest valuation gap in seven years.Bloomberg - 648 words
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Article, Illustration578 2012-07-04 10 AP [SAN DIEGO] Negotiators from the United States and eight other Pacific Rim countries opened a round of talks here on Monday aimed at producing one of the most ambitious trade deals in decades amid criticism that the deliberations are shrouded in secrecy.AP - 578 words
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465 2012-07-04 10 Reuters [SYDNEY] Australia’s central bank yesterday held its main cash rate at 3.5 per cent as it gauges whether back-to-back cuts already delivered will be enough to insulate the resource-rich economy from global gloom. The Australian dollar edged higher as theReuters - 465 words
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Advertisement849 2012-07-04 10 THE POWER OF EFFECTIVE BRANDING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Building Your Brand Identity849 words
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MALAYSIA/INDONESIA
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533 2012-07-04 11 Govt divestitures, steady economic growth drive deal-making spurt Reuters [SINGAPORE] In an otherwise dismal year for Asia’s investment banking industry, a ray of hope has appeared from the most unlikely of places: Malaysia. State oil company Petronas announced the country’s largest-ever outbound takeoverReuters - 533 words
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203 2012-07-04 11 Bloomberg [SINGAPORE] Credit Suisse Group AG, Goldman Sachs Group Inc and JPMorgan Chase Co were among banks picked to arrange the US$1.5 billion initial public offering (IPO) of Malaysia’s Astro All Asia Networks plc, said two people with knowledge of the matter. BillionaireBloomberg - 203 words
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413 2012-07-04 11 [TANJUNG PELEPAS, Johor] The Port of Tanjung Pelepas (PTP) will invest RM1.4 billion (S$560 million) over the next three years to buy new cranes, electrify existing rubbertyred gantries (RTGs) and build new berths. “The industry is continuously evolving and shipping lines continue to413 words
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Article, Illustration597 2012-07-04 11 Reuters [JAKARTA] Tebet is a modest suburb of the Indonesian capital Jakarta, a district where houses cost around US$100,000. On tiny lanes outside many of the red-tiled bungalows sit Mercedes-Benzes, BMWs and Jeeps imported cars worth as much as the houses themselves.Reuters; REUTERS - 597 words
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Page 11 Advertisements
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Advertisement222 2012-07-04 11 Wine, Dine on -V V ‘4 V' A vE ■J& i.-*wT .rsnt@ a »?>;* v. ts f THE BEST OF ROASTS IN THE CBD Enjoy Prime Roasts in the historical and cultural gem, the Ascott located in the heart of Singapore's Central Business District. The Royal Mail Restaurant <D Bar222 words
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GREATER CHINA
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588 2012-07-04 12 Govt urged to cut reserve ratios again to boost liquidity and stabilise growth Reuters [BEIJING] China’s services sector expanded at its fastest pace in three months in June, an official survey showed yesterday, but left intact market expectations that Beijing will deliver moreReuters - 588 words
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Article, Illustration506 2012-07-04 12 FREDERICK YEUNG - Central bank may resort to another rate cut soon By FREDERICK YEUNG EJ Insight [HONG KONG] China is expected to record slow-er-than-expected loan growth in June despite an interest-rate cut during the month. The weak lending growth, coupled with the recent data pointingEJ Insight; REUTERS - 506 words
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400 2012-07-04 12 FREDERICK YEUNG - By FREDERICK YEUNG EJ Insight [HONG KONG] The Guangzhou government’s move to cut the quota for new car sales could encourage more mainland cities and provinces to take similar steps to curb traffic congestion and reduce air pollution. That will dent the prospectsEJ Insight - 400 words
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306 2012-07-04 12 LEE U-WEN - By LEE U-WEN [SINGAPORE] Deputy Prime Minister Teo Chee Hean arrives in China today to begin a three-day official visit at the invitation of his Chinese counterpart, Vice-Premier Wang Qishan. Mr Teo, who is also Home Affairs Minister and Coordinating Minister for National306 words
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237 2012-07-04 12 Temple seeks listing despite official disapproval Bloomberg [BEIJING] The managers of Putuo Mountain, a Buddhist shrine where worshippers go to pray for healthy children, want to raise 750 million yuan (S$150 million) in an initial public offering (IPO). The China Daily reported thisBloomberg - 237 words
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Article, Illustration775 2012-07-04 12 [HONG KONG] Even death does not provide relief from soaring property prices in Hong Kong, where those seeking a final resting place for a loved one face high costs and a shortage of space. The squeeze has become so acute thatAFP - 775 words
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INDIA
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Article, Illustration793 2012-07-04 13 Indian banks face greater exposure with cash shortages, rising bad loans Bloomberg [MUMBAI] Credit risk for India’s financial institutions is climbing towards a three-year high after the central bank warned that cash shortages and rising bad loans threaten lenders in Asia’s third-largest economy. TheBloomberg; BLOOMBERG FILE PHOTO - 793 words
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553 2012-07-04 13 Reuters [MUMBAI] The State Bank of India (SBI) aims to raise at least US$500 million through a five-year overseas bond sale as soon as this month, two sources with direct knowledge of the matter said on Monday, potentially reopening the dollar bondReuters - 553 words
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411 2012-07-04 13 Reuters [AMMAN] Reliance Globalcom, the underseas cable unit of Indian mobile operator Reliance Communications, said on Monday it had launched a joint venture with Iraq that substantially expands the country’s broadband and telecommunications links to the outside world. The activation of Al-Faw CableReuters - 411 words
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419 2012-07-04 13 One judge voted for the govt, the other favoured telcos Reuters [NEW DELHI] An Indian telecoms tribunal yesterday gave a split verdict on a challenge by mobile phone operators seeking to overturn a government order requiring them to stop offering 3G servicesReuters - 419 words
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Page 13 Advertisements
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Advertisement699 2012-07-04 13 IN THE HIGH COURT OFTHE REPUBLIC OF SINGAPORE Originating Summons Number 581 of 2012/F In the matter of MEIBAN GROUP LTD (Company Registration Number *****2811M) And In the matter of Section 210 of the Companies Act, Chapter 50 of Singapore SCHEME OF ARRANGEMENT under Section 210 of the Companies Act,699 words
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WORLD
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552 2012-07-04 14 Durable goods’ bookings also up for first time in 3 mths LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories rose in May for the first time in three months, easing concern that manufacturing is faltering. The 0.7 per cent increaseBloomberg - 552 words
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Article, Illustration745 2012-07-04 14 ANTHONY ROWLEY - Economy vulnerable to contagion from eurozone and US dollar is modestly overvalued, it says By ANTHONY ROWLEY in Tokyo ECONOMIC recovery in the United States remains “tepid” as households continue to deleverage and growth in the world’s largest economy isBLOOMBERG - 745 words
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693 2012-07-04 14 This reinforces case for ECB rate cut as early as this week Reuters [BRUSSELS] Eurozone factory prices fell more than expected in May as the cost of energy dropped sharply, reinforcing the case for an ECB interest rate cut as earlyReuters - 693 words
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Article, Illustration494 2012-07-04 15 It inks deal to build RM2b KL hotel, also plans properties in London, Sardinia Bloomberg [KUALA LUMPUR] Qatar Holding LLC, the investment arm of the country’s sovereign-wealth fund, plans to open Harrods hotels in cities including London, New York and Paris toBloomberg - 494 words
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Article, Illustration593 2012-07-04 15 Reuters [SAN JOSE, California] A US judge here rejected on Monday a request by Samsung Electronics Co to lift a ban on US sales of its Galaxy Tab 10.1, dealing a third legal setback to the South Korean firm in justReuters; REUTERS - 593 words
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187 2012-07-04 15 Reuters [BRASILIA] Brazil posted its weakest trade surplus for June in 10 years, the trade ministry said on Monday, underscoring the severity of a global slowdown that has curbed demand for exports and is also starting to hit imports in the commodity powerhouse.Reuters - 187 words
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668 2012-07-04 15 Reuters [YANGON] A year and a half after it opened to scepticism from the West, Myanmar’s fledgling Parliament reconvenes this week for its biggest task yet: debating an ambitious set of laws to reshape an economy that wilted during half a century ofReuters - 668 words
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Article, Illustration1356 2012-07-04 16 It now faces delays as protesters use Facebook, Twitter to rally opposition to Pahang rare earths plant Bloomberg [KUALA LUMPUR] Lynas Corp chief executive officer Nicholas Curtis said that he underestimated the power of Facebook and Twitter when his mining company decided to build theBloomberg; AFP; BLOOMBERG - 1,356 words
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763 2012-07-04 17 Digital advertising foray after buying aQuantive fails to meet expectations NYT [NEW YORK] Microsoft owned up on Monday to the collapse of its biggest push into digital advertising, announcing that it would take a US$6.2 billion accounting charge in its online services divisionNYT - 763 words
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Article, Illustration774 2012-07-04 17 Jobs and economy will be deciding factors, say analysts AP [WASHINGTON] Polls suggest President Barack Obama holds only a small, perhaps meaningless lead over Republican Mitt Romney in the race for the White House as he awaits a new jobs report onAP; PHOTOS: AFP - 774 words
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Article, Illustration506 2012-07-04 17 LEE U-WEN - By LEE U-WEN [SINGAPORE] There is much scope for Singapore and New Zealand to work together more closely, particularly in areas such as food science, food security and infocomm technology. This was the view of New Zealand’s Economic Development and Tertiary506 words
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661 2012-07-04 17 US firm will be in a better position to challenge Samsung Bloomberg [TOKYO] Micron Technology Inc’s 200 billion yen (S$3.2 billion) purchase of bankrupt Japanese chipmaker Elpida Memory will give the US company a stronger foundation to challenge Samsung Electronics inBloomberg - 661 words
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Page 14 Advertisements
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Advertisement263 2012-07-04 14 Li AN ASME-LIANHE ZAOBAO AWARD jff HP Singapore Prestige Brand Award 12 The Best Branding Strategy A Seminar That Changes Your Branding Game Featuring prominent brand practitioners, this important event will unveil the success game plan for achievement-oriented brand owners and managers. Monday, 16 July 2012, 9.30am to 4.30pm Ministry263 words
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Page 15 Advertisements
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Advertisement26 2012-07-04 15 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES26 words
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Advertisement485 2012-07-04 15 AC Quant societe d'investissement a capital variable Registered office: L-2550 Luxembourg, 36, avenue du X Septembre R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the "Company") are hereby informed that for the Extraordinary General Meeting of Shareholders of 13 June 2012 the quorum required to adopt a resolution on485 words
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Advertisement325 2012-07-04 15 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF GOODWIN CONSULTANTS PTE. LTD. MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Company duly convened and held at 111 North Bridge Road, #18-03 Peninsula Plaza, Singapore *****8 on 26 June 2012 at 11.00 a.m.,325 words
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Advertisement451 2012-07-04 15 GRANDNESS SINO GRANDNESS FOOD INDUSTRY GROUP LIMITED (Company Registration Number *****6801H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the Circular dated 4 July 2012 issued by Sino Grandness Food Industry Group451 words
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Advertisement308 2012-07-04 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUEN KING DIGITAL EQUIPMENT PTE LTD. (Co Registration No. *****0964N) (Incorporated in Singapore) (In Members’ Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that the FINAL308 words
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Page 16 Advertisements
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Advertisement1889 2012-07-04 16 LOTTVISION LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2012 Annual General Meeting of LOTTVISION LIMITED (the “Company”) will be held at Capital Tower, FTSE Room Level 9, 168 Robinson Road, Singapore *****2 on 27 July 2012 at 4.00 p.m. (Singapore time) and1,889 words
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Page 17 Advertisements
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Advertisement166 2012-07-04 17 KATS NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No 145 of 2011/N In the Matter of the Companies Act, Cap 50 and In the Matter of Borders Pte Ltd (In Compulsory Liquidation) (Co. Reg. No. *****5017Z) NOTICE OF MEETING OF CREDITORS Take notice that166 words
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Advertisement321 2012-07-04 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUN HUNG KAI PROPERTIES (SINGAPORE) PTE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5302E Extract of the Minutes of an Extraordinary General Meeting of SUN HUNG KAI PROPERTIES (SINGAPORE) PTE LIMITED signed by the Representative321 words
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EDITORIAL & OPINION
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Article513 2012-07-04 18 EDITORIAL THE resignations of, first, the chairman of Barclays, Marcus Agius, and then the bank’s high-profile CEO Bob Diamond over the Libor scandal could be just the beginning of a series of top-level casualties at some of the world’s major banks. It could also be a513 words
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Article, Illustration832 2012-07-04 18 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THIS is the time of year when weather experts scan the sky: a failure of the monsoon amounts to a drought in some parts of832 words
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Article, Illustration989 2012-07-04 18 HUGO DIXON - Best solution for euro crisis will be to keep loss of sovereignty and debt-sharing to minimum REUTERS BREAKINGVIEWS By HUGO DIXON Cuando despertó, el dinosaurio todavía estaba allí. “Upon waking, the dinosaur was still there.” THIS extremely short story by Guatemalan writerAFP - 989 words
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Article, Illustration1059 2012-07-04 19 HO YEW KEE - Presence of a financial expert in audit committees as defined by SOA does help in financial governance of listed firms By HO YEW KEE The writer is an associate professor in the Department of Accounting, NUS Business School HEN I did my undergraduate accountingFILE PHOTO - 1,059 words
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Article, Illustration883 2012-07-04 19 NEETA LAL - By NEETA LAL The writer is a New Delhi-based senior journalist AS socio-political and economic changes sweep Myanmar, and the country takes tentative steps towards establishing a market economy under a managed democracy, Indian Prime Minister Manmohan Singh’s visit to the country last883 words
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Transport HUB
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Article, Illustration939 2012-07-04 20 DAVID HUGHES - Passengers continue to have complete confidence in the safety of large cruise ships STRAIT TALK By DAVID HUGHES IN THE present gloomy economic climate, there are two bright spots in the shipping industry: offshore and cruising. As I wrote this column from the luxury of P&OAFP - 939 words
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Article424 2012-07-04 20 10 mega-container ships to be operated by Evergreen Group Bloomberg [SINGAPORE] Hyundai Heavy Industries Co, the world’s biggest shipbuilder, won an order to build 10 mega-container vessels for US$1.2 billion, the biggest new contract for the type industrywide in a year. The vessels, each ableBloomberg - 424 words
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617 2012-07-04 20 Bloomberg [LONDON] The fleet of tankers waiting for European gasoline cargoes to ship to the United States expanded to the largest in at least a year after a surge in prices at the pump encouraged Americans to drive one billion fewer miles. ThereBloomberg - 617 words
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290 2012-07-04 20 Reuters [SINGAPORE] Rates for dirty tankers on key Asian freight routes are expected to hover near this year’s low as an oversupply of vessels overshadows Chinese demand for Middle East crude, ship brokers said yesterday. Rates on the benchmark very large crudeReuters - 290 words
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Article, Illustration369 2012-07-04 20 WANG XIN MIN - By WANG XIN MIN GLOBAL supply chain solutions provider Panalpina officially opened its regional headquarters for Asia Pacific here yesterday, poised to tap the growth potential of intra-Asian trade. Marco Gadola, Panalpina’s regional CEO for Asia Pacific, told BT the firm considers the region369 words
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Article253 2012-07-04 20 SGX '000 Jul 3 S$ +/-Vol CH Offshore 0.43 0.01 668 Chuan Hup Hldg 0.23 unch 70 Cosco Corp 1.01 0.01 6146 s$ Ezra Hldgs 1.12 0.03 9717 First Ship Lea 0.17 unch 1609 Freight Links 0.07 unch 1678 Grand Banks unch unch 0 Jaya Hold Ltd 0.57253 words
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TRANSPORT HUB: AVIATION
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Article, Illustration561 2012-07-04 21 VEN SREENIVASAN - More than one-third of it over the next two decades will be in Asia-Pacific By VEN SREENIVASAN AMERICAN planemaker Boeing projects a US$4.5 trillion market for 34,000 new aeroplanes over the next 20 years, with AsiaPacific accounting for over a third of the market.REUTERS FILE PHOTO - 561 words
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459 2012-07-04 21 VEN SREENIVASAN - The carriers are migrating to new reservation system By VEN SREENIVASAN SILKAIR and Singapore Airlines online/mobile bookings, reservations and ticketing services will be disrupted this weekend as the airlines migrate their reservation system to Amadeus’s Altea suite from the 30-year-old proprietary Kriscom459 words
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Article, Illustration709 2012-07-04 21 Reuters AFP [TOKYO] All Nippon Airways Co (ANA) is raising up to US$2.6 billion in a share sale to buy new planes and to bolster its finances as it faces a resurgent rival in Japan Airlines and increased competition from budget airlines. The saleReuters; AFP; REUTERS - 709 words
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399 2012-07-04 21 Reuters [SEATTLE] US labour groups said they were disappointed with Airbus’ decision to build its first US plant in Alabama, where it is effectively impossible to form a powerful union, and warned non-union work could drive down wages across the boardReuters - 399 words
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TRANSPORT HUB: LAND
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560 2012-07-04 22 SAMUEL EE - But there’s hardly any change among buyers of mass-market cars By SAMUEL EE MORE and more premiumbrand customers are taking vehicle loans as car prices rise but there does not appear to be much change among buyers of mass-mar-ket makes, say some motor560 words
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Article, Illustration447 2012-07-04 22 SAMUEL EE - It’ll debut here next week at about $140,000 with COE By SAMUEL EE THE 21st century Volkswagen Beetle is closer to the original people’s car of 1938 than its immediate predecessor was, says Volkswagen Group Singapore. “It is not a niche model, but a447 words
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447 2012-07-04 22 Reuters [BRUSSELS] Proposals to toughen EU standards on car emissions have put the giants of the German auto industry on collision course with makers of lighter vehicles, including Italy’s Fiat. The plan from the European Commission, the EU’s executive arm, is to enforceReuters - 447 words
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Page 20 Advertisements
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Advertisement16 2012-07-04 20 L1ANHE ZAOBAO Chinas home prices and sales 8jUHJS,3i To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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Page 21 Advertisements
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Advertisement57 2012-07-04 21 I HAVE SOT A WHOLE STACK OF MATERIALS FOR MY STOCK ANALYSIS.. One Afternoon \V fit n CAUTION I r* r/ m ms sgs gsgr 1 You SHOULD SWITCH TO USING 1 ONLINE RESOURCES INSTEAD La Vj SHARElNVESTOR.com YOUR ONE-STOP FINANCIAL PORTAL FOR ALL YOUR INVESTMENT NEEDS. Visit ShareInvestor.com now57 words
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Page 21 Miscellaneous
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Miscellaneous344 2012-07-04 21 CRYPTIC CROSSWORD Across 1 Beast with personality is going with the upwardly mobile classes (11) 7 Caretaker has rubbish taken back after start of year (7) 8 Fellow permitted to make flower arrangement (7) 10 Altering peculiar shape (8) 11 Son to take science (not Phys.!) and English that’s the344 words
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Page 22 Advertisements
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Advertisement163 2012-07-04 22 BIG COMPANIES are looking for employees at STJobs. You too should look no further to find a job. A*Star Breadtalk CAAS Capita Certis Changi Airport CIMB Bank CISCO Security Coffee Club Dairy Farm Singapore 0 Davy International DFS Venture Ducktours Singapore Esprit Retail Halliburton Construction Manufacturing Hyundai Engineering Construction Ikano163 words
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SINGAPORE STOCKS
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Article2841 2012-07-04 23 Transaction date: Jul 3 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 Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 122.5 +1 229 123 122 122.5 123 6.8 11.72,841 words
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Article157 2012-07-04 24 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 24157 words
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Article7910 2012-07-04 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited American Opp Asian Local Ccy SD Bond 0.6475/ 0.9977/ China7,910 words
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Article187 2012-07-04 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US32.5 unch 1782 33 32.5 32.5 33 2140 220 168 TanChongInt HK208 198 203 4.3 3.4 7 4188.9 STOCK PRICES LEGEND: Straits187 words
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Article927 2012-07-04 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122.4 122.2 CIMB APAC Div 100S$D 122.2 126.5 127.5 103 95.8 CIMB APAC Div 100US$ US96 100.4 101.2 10.1 1260 1246 CIMBASEAN40 100S$D 1260 1271 1279927 words
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FINANCE & COMMODITIES
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Article641 2012-07-04 25 Jul 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9013.65 9082.39 9012.86 Sep12 9010.00 9085.00 8985.00 9070.00 ***** *****8 Dec12 8980.00 9015.00 8980.00 9010.00 11 6612 MSCI TAIWAN INDEX FUTURES SPOT 262.33 265.51 262.33 Jul12 254.10 259.20 254.00 257.80 ***** *****7 Aug12 249.50 256.80641 words
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373 2012-07-04 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 2 Index Change Change Change Change Change Change World Preliminary 873.1 0.2 5.2 0.2 2.3 0.1 4.6 EAFE Preliminary 701.5 0.8 2.8 0.7 -0.9 0.6 1.4 Europe Preliminary 1045.6 1.1 1.9373 words
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Article, Illustration127 2012-07-04 25 As on 2 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 534.05 530.35 532.40 588 CURRENCY EUR-USD FUT SEP2012 1.2677 1.2580 1.2596 5032 BASE METAL COPPER FUT SEP2012 7665 7618 7649 4044 INDEX IRON ORE (MBIO) IDX127 words
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Article107 2012-07-04 25 Jul 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1532.25 1512.75 1542.00 1522.50 Aug 12 1494.25 1481.75 1509.75 1485.00 Sep 12 1462.50 1450.25 1477.00 1454.00 Nov 12 1438.00 1427.75 1455.75 1430.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 52.18107 words
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Article70 2012-07-04 25 CRUDE OIL PRODUCTS Jul 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 96.04 0.67 WTI (Near Mth) 83.50 -1.34 Dubai (1-Mth F) 93.72 2.53 Tapis blend 99.58 3.09 Minas 101.08 3.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.72 2.50 Jet Kerosene 112.14 3.25 US$/barrel OpecOil Basket70 words
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Article23 2012-07-04 25 Jul 3 3 s$ Bid Offer 1-month 1.2632 1.2637 2-months 1.2631 1.2637 3-months 1.2629 1.2635 6-months 1.2618 1.2624 Source: OCBC23 words
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Article64 2012-07-04 25 Jul 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1873.00 1875.75 3 months 1909.00 1911.00 Copper, Grade A(US$/tonne) Cash 7634.75 7691.75 3 months 7625.00 7685.00 Lead(US$/tonne) Cash 1866.25 1847.75 3 months 1879.00 1861.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3 months *****.0064 words
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Article80 2012-07-04 25 Jul 2 COCOA (£/tonne) Close Prev High/Low Jul 12 1627 1614 1632/1608 Sep 12 1577 1574 1585/1563 Dec 12 1556 1553 1564/1540 Mar 13 1527 1526 1532/1510 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2095 2103 2119/2090 Sep 12 2135 2134 2144/2118 Nov 12 2135 2134 2141/2116 Jan 13 211080 words
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1239 2012-07-04 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 369 8.00 22 Conv Aztech Grp W*****3 0.3 0.1 400 1 20 109 32.33 4 Baker Technology Ltd W*****6 0.6 1 32 7 50.83 41,239 words
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Article470 2012-07-04 25 Jul 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 6.520 0.816 7.958 56.229 96.374 0.819 11.679 3.236 1.277 97.206 42.819 1.297 8.344 0.980 30.656 32.330 0.654 1.026 Canada 0.960 6.257470 words
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Article54 2012-07-04 25 Jul 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****54 words
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Article137 2012-07-04 25 Jul 3 GOLD(US$/oz) Jun 29 Jul 03 Hong Kong 1577.00 1614.00 Jul 03 Jun 29 Jul 02 London 1596.93 1597.59 1597.79 1598.81 Source: Thomson Reuters CAST BAR Jul 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 444 325 10gm137 words
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Article86 2012-07-04 25 Jul 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04-Oct-12 0.26 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 109.3 109.42 109.40 10-Year NY*****X86 words
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Article53 2012-07-04 25 Jul 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3054.0 2431 Aug 12 3076.0 3070.0 3117.0 3075.0 1323 ***** Sep 12 3090.0 3088.0 3130.0 3084.0 ***** ***** Oct 12 3093.0 3094.0 3132.0 3093.0 5730 *****53 words
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Article155 2012-07-04 25 Jul 3 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2962 1.2973 1.0261 1.0266 Canadian dollar 1.2439 1.2453 0.9854 0.9847 Euro 1.5890 1.5897 1.2579 1.2580 NZ dollar 1.0149 1.0156 0.8034 0.8037 Sterling pound 1.9816 1.9827 1.5687155 words
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Article121 2012-07-04 25 As at 9am Jul 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.275 1.215 Euro 1.632 1.555 Sterling pound 2.025 1.948 NZ dollar 1.046 0.997 US dollar 1.286 1.237 Local dollars to 100 units of foreign121 words
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Article154 2012-07-04 25 Jul 3 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12154 words
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3444 2012-07-04 26 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 U.S.A. SERVICE Destination STXPO TBN Camden/New3,444 words
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Page 26 Advertisements
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Advertisement37 2012-07-04 26 Experienced sh,"p maintenance services wanted. i'nil Shipping Times? I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times37 words
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Advertisement130 2012-07-04 27 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Can they find your services here in the Shipping Times? The Business Times Shipping Times SI Announce Your Corporate Development I y130 words
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Page 28 Advertisements
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Advertisement22 2012-07-04 28 DOWNLOAD THE NEW 91.BFM ANDROID AFP NOW! 91.3FM TODAY'S BEST MUSIC 13 FACEBODK.COM/NINETYONETHREE FOLLOW US ON TWITTER BRADIO_913 LOG ON TO WWW.RADIOB13.COM22 words
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Advertisement34 2012-07-04 28 if www.omy.sg o m o Dir Tell us how social media iKQCk your world QX55QJD Ct^JQsD cameras! V u t A W Visit www.omy.sg for more details! An event of "o cial edia iesta34 words
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executive Money
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Article, Illustration1309 2012-07-04 28 AL CLARK - It provides sustainable income across a range of economies, asset classes and sectors MONEY MATTERS AL CLARK The writer is head of Multi-Asset, Asia Pacific Schroder Investment Management AS the dust begins to settle on the global financial crisis, it has become clear thatREUTERS - 1,309 words
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1229 2012-07-04 28 With growing fraud, value of offshore directors questioned NYT [GEORGETOWN, Cayman Islands] Just off the tarmac at the Grand Cayman International Airport, visitors were recently greeted by colourful banners advertising the Caribbean island’s sunny offerings: waterfront seafood restaurants, taxfree shopping and hedge fundNYT - 1,229 words
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Article, Illustration1568 2012-07-04 30 WHITNEY KISLING - Volatility reaching twice the 50-year average in 2011 has pulled about US$300 billion from mutual funds, reportsWHITNEY WHITNEY KISLING Bloomberg VOLATILITY in the Standard Poor’s 500 Index is returning to levels that drove valuations and stock volume down to rates not seen since atBloomberg; AFP - 1,568 words
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Article, Illustration918 2012-07-04 30 PAUL J LIM - By PAUL J LIM NYT INVESTORS who’ve been fleeing jittery stocks and hiding out in the fixed-income market face a new quandary: finding something to ballast their bonds, which have experienced their own spike in volatility of late. The MerrillNYT; REUTERS - 918 words
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Page 29 Advertisements
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Advertisement553 2012-07-04 29 IMS 4.^ f&fL, /-r' 9 i m H H txi'w i.zrj vd it i C*"r '*'-1. f vWffimM /VV WmFv:h''V WdwMkr* 1 raWW' ul&'i‘- w, j H 1 V 087 STOCK CODE Athletes don't spend years in training just to have any old metal placed around their neck. They want553 words
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