The Business Times, 10 November 2010

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Total Pages: 35
1 36 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, November 10,2010
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  • 745 1  -  It crosses US$1,400 per ounce, driven by Zoellick’s gold standard proposal and inflation fears By JOYCE HOOI [SINGAPORE] The shovels and pickaxes of the last gold rush might have vanished, but prospectors were back in full force as gold broke
    Source: Bloomberg  -  745 words
  • 145 1 G ST INDEX 3,313.61 (+13.21) G ST INDEX FUTURES 3,310 (+14) G SIMSCI 390.81 (+2.68) G SIMSCI FUTURES 390.00 (+2.50) FOREX US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.610 2.072 EURO (US$/S$/E) 1.385 1.782 Foreign currency per US$ S$ YEN 80.80 62.80 RM 3.097 2.406 HK$
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  • 297 1  -  fiS REUTERS BREAKINGVIEWS By JOHN FOLEY CHINA yesterday gave its trade partners a taste of what they want. But it was only an amuse bouche. The yuan strengthened by the largest one-day amount against the US dollar since market-based reform was announced in June. The timing looks
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  • 570 1  -  Court partially unfreezes assets sealed by CAD, awards costs By MICHELLE QUAH [SINGAPORE] The ongoing saga that has seen disgruntled investors of Profitable Plots pit themselves against its equally indignant owners continues to bubble and boil. Yesterday the High
    570 words
  • Page 1 Advertisements
    • 178 1 OPINION A currency war the US cannot win G-20 SUMMIT World economic order in transition: PM Lee CORPORATE EARNINGS SIA bounces back with $380m Q2 profit PAGE 3 TRANSPORT HUB Audi eyes lead in premium electric car market PAGE 21 PAGE 23 PAGE Safe spreads the way to go Asia
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  • TOP STORIES
    • 616 2 It hikes bill yield at auction and unveils new rules to curb hot money inflows Reuters [BEIJING] China yesterday signalled its intention to drain excess cash from its financial system by unexpectedly raising the yield on bills at a central bank auction
      Reuters  -  616 words
    • 545 2  -  Syariah-compliant Reit prices units at $1-1.10 By JAMIE LEE [SINGAPORE] Sabana real estate investment trust (Reit) Singapore’s first syari-ah-compliant Reit is set to offer a rich distribution yield and raise as much as $554 million from its initial public offering, its preliminary
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    • 389 2  -  Source says local management staff unhappy By VEN SREENIVASAN [SINGAPORE] Tiger Airways Singapore would neither confirm nor deny talk yesterday that its managing director Rosalynn Tay had quit. Sources close to the company told The Business Times that Ms Tay had tendered her
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    • 449 2 Gold flies to new high on uncertainty PROSPECTORS were back in full force as gold broke through the US$1,400-an-ounce barrier yesterday for the first time ever and they are here to stay. The gold spot price, which hit a record high of US$1,421.83 per ounce at one point
      449 words
    • 510 3  -  Landmark 12-storey building’s $139m price works out to about $1,381 psf By KALPANA RASHIWALA [SINGAPORE] A unit of Malaysia’s IOI Properties Bhd is understood to have sold IOI Plaza, a landmark 12-storey granite office block at the corner of Middle Road and Prinsep Street,
      YEN MENG JIIN  -  510 words
    • 708 3  -  Revenue up 18% as load factors, yields keep improving By VEN SREENIVASAN [SINGAPORE] Strong loads and yields enabled Singapore Airlines (SIA) to bounce back into the black to the tune of $380 million for the July-September second quarter, reversing a $159 million
      708 words
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    • 23 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MAT3 NOTICES
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  • Page 3 Advertisements
    • 170 3 We have the largest number of Southeast Asian brokers with their ears to the ground. And twice as many eyes. More than 1,000 brokers in 50 branches and 60 research analysts across 5 countries, in fact. So what, you ask. So that's more analysts researching the best possible investment opportunities
      170 words

  • COMPANY NEWS
    • 481 4  -  Turnover up 10% to $1.49b; all core divisions post improved results By TEH SHI NING SINGAPORE Technologies Engineering yesterday said its third-quarter net profit rose 8 per cent to $130.2 million from a year ago. Higher sales from all four arms aerospace,
      FILE PHOTO  -  481 words
    • 363 4  -  Revenue jumps 79% to record US$14.9b; energy arm shines By FELDA CHAY COMMODITIES supply chain manager Noble Group bounced back in the third quarter, as earnings rose 19 per cent from a year back on a strong performance from its energy business.
      363 words
    • 397 4  -  By JAMIE LEE UNITED Industrial Corporation (UIC) has posted a 24 per cent fall in its third-quarter net profit, dragged down by lower sale of trading properties. For the three months ended Sept 30, the property developer registered a net
      397 words
    • 555 6  -  Higher phone subsidies continue to erode telco’s bottom line By WINSTON CHAI HIGHER phone subsidies continue to dent StarHub’s bottom line but the company managed to narrow the margin of decline for the third quarter following a sharp reduction in pay-tele-vision content cost.
      555 words
    • 706 6  -  HOCK LOCK SIEW By LYNN KAN DOES one march to the drumbeat of the market or heed the advice of research analysts when investing? This dilemma is thrown into sharp relief when the two views diverge, as with the curious case of the two
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    • 487 7  -  But higher inflation, asset prices pose major downside risk to Asian, EM equities BY LYNETTE KHOO MORGAN Stanley is looking at another 10-15 per cent upside in Asia and emerging market (EM) equities over the next 12 months, but is scaling back its
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    • 316 7  -  By LYNN KAN BIOSENSORS International Group has recorded a net profit of US$8.46 million for its second quarter ended Sept 30, a 32 per cent increase. Revenue was up 34 per cent at US$36.4 million. Product gross margins on interventional cardiology products improved
      316 words
    • 215 7 THE Singapore Exchange (SGX) is consulting the public on proposed rule amendments to introduce callable bull/bear contracts (CBBC) on the exchange. A CBBC is a leveraged financial product issued by a third-party financial institution, which tracks the performance of an underlying instrument such as
      215 words
    • 229 7  -  FUND RAISING By NISHA RAMCHANDANI FIRST Real Estate Investment Trust (First Reit) plans to make a renounceable rights issue to raise $172.8 million to acquire two healthcare properties in Indonesia. A total of 345.66 million new rights units will be offered to existing
      229 words
    • 202 7  -  By LINETTE LIM PROPERTY developer Keppel Land said yesterday that it will issue $500 million in unsecured convertible bonds. The five-year bonds will bear interest at the rate of 1.875 per cent per annum, payable semi-annually in arrears. The bonds will be convertible into
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    • 226 7  -  By VEN SREENIVASAN A SURGE in visitorship and better yields enabled Straco Corporation, the main-board-listed developer and operator of tourism-related attractions, to more than double its third quarter net profit to $11.51 million, from $5.2 million a year earlier. Group revenue for
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    • 290 9  -  Revenue for the oil-and-gas services provider fell 30.5% y-o-y to $103.4m By RONNIE LIM LOWER demand for parts and rig use resulted in oil-and-gas services provider KS Energy (KSE) suffering a third quarter net loss of $11.6 million as revenue fell 30.5 per
      290 words
    • COMPANY BRIEFS
      • 40 9 WHEELOCK Properties (Singapore) has reported an after-tax profit of $74.5 million for the third quarter ended Sept 30, up 37 per cent from a year ago. Revenue jumped 21 per cent to $161.6 million.
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      • 44 9 CHIP Eng Seng Corporation has posted a net profit of $23.7 million for the third quarter ended Sept 30, up 37 per cent from a year ago. Revenue rose 9.8 per cent to $115.2 million.
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      • 34 9 PAN-UNITED Corporation’s net attributable profit has fallen 46 per cent to $4 million for the three months ended Sept 30. Revenue fell 23 per cent to $91 million.
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      • 48 9 STRAITS Trading’s third-quarter revenue rose 21.1 per cent to $359.3 million, but impairment provisions of $43.2 million, in line with the group’s review of investments and non-tin assets, led to a net loss of $31.3 million for the three months ended Sept 30.
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      • 37 9 RH Energy has reported a third-quarter net profit of US$2.96 million, up from just US$188,000 a year ago. Revenue for the three months ended Sept 30 almost doubled to US$13.7 million.
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      • 35 9 THIRD-QUARTER net profit at UOB-Kay Hian Holdings has fallen 21 per cent to $33.71 million. Revenue for the three months ended Sept 30 fell 24 per cent to $85.78 million.
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      • 41 9 CHINA Dairy Group has posted a third-quarter loss of $9.8 million, against a net profit of $3.5 million a year ago. Revenue for the period ended Sept 30 fell 8 per cent to $85 million.
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    • 318 9  -  Sales for the fiscal year 2010 edged up 4.3% to $2.1 b By FELDA CHAY WBL Corporation Ltd yesterday said that attributable profit for its fourth quarter fell 9.6 per cent to $17 million on losses across most of its business divisions.
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  • Page 5 Advertisements
    • 178 5 Born in Saxony. At home around the world va «HDVHVH 410 t5GE V /SA GLASHUTTE xn B 12 t «Rha <VER v" DEN v MV ,v^ GE S <W GLASHUTTE X /SA Meticulously finished by hand, the LANGE 1 TIME ZONE is a global ambassador of the legendary perfection of
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  • Page 6 Advertisements
    • 1743 6 (Incorporated in Bermuda with limited liability)r wit liite liaili Dear Shareholders The Board of Directors of Noble Group Limited presents below the unaudited consolidated financial results for the third quarter and the first nine months of 2010 together with those of corresponding periods for 2009. The Group reported a record
      1,743 words

  • Page 7 Advertisements
    • 129 7 Its impeccable and subtle styling is a testament of your refined taste. It welcomes you into the Bentley world of handcraftsmanship where magnificent comfort meets sheer exhilaration with its breathtaking performance. Created to keep you exclusively in command, the Continental Flying Spur quietly ensures effortless control and finesse with an
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  • SINGAPORE MARKETS
    • 576 8  -  Index gains 13.21 points at closing; turnover remains elevated and concentrated in low priced stocks STOCKS R SIVANITHY Senior Correspondent AFTER shooting up 60 points on Monday, the Straits Times Index yesterday underwent a more sedate session, trading within a narrow band before
      Source: Bloomberg  -  576 words
    • 4 8 DAILY
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    • 66 8 Nov 9 VALUE CLOSE BT OB/OS 221.00 +2.00 BT CADI -*****.00 +20.00 BT 10-day MA -*****.00 +22.00 FTSE ST Mid Cap 823.48 +2.78 FTSE ST Small Cap 598.73 +1.20 FTSE ST All Share 818.96 +3.09 FTSE ST China Top 309.46 +1.72 FTSE ST China 350.14 +1.00 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 3 0 0 0 8 6 3 Manufacturing 61 58 78 3 2 19 64 60 97 Commerce 24 18 30 3 7 7 27 25 37 Tpt/Stor/Comms 19 12 13
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    • BROKERS’ TAKE
      • 267 8 Nov 9 close: $0.99 DMG PARTNERS SECURITIES, Nov 9 CWT’s Q3 2010 earnings of $5.5 million disappointed street estimates, with startup costs being one of the chief culprits. While we remain positive over its long term prospects with new offices set up for its Freight Logistics, new warehouses
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      • Article, Illustration
        654 8  -  Nov 9 close: $1.54 CIMB RESEARCH, Nov 9 Compiled by JAMIE LEE SUNTEC REIT has released a circular on its acquisition of a one-third stake in Phase 1 of Marina Bay Financial Centre (MBFC 1). We reduce our FY2011-FY2012 DPU estimates after factoring in the acquisition, partially offset
        654 words
    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 50,027 50,027 191,432 191,432 Manufacturing 434,186 13,308 447,494 476,938 675 477,614 Commerce 119,306 11,791 131,097 166,011 1,815 167,827 Tpt/Stor/Comms 200,598 110 200,708 309,918 17 309,934 Finance 34,912 2,402 37,314 329,970 260 330,230 Construction 98,885 576,089
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    • 110 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.180 +0.040 CapitaLand 3.940 CapitaMall 2.000 CityDev 13.300 -0.180 ComfortDelGro 1.490 +0.010 DBS Grp 14.120 F&N 6.800 +0.050 Genting SP 2.350 +0.010 Golden Agri 0.770 -0.010 HK Land 7.110 -0.160 JMH 48.100 +0.100 JSH 27.900 -1.020 Jardine
      110 words
    • 486 8 CURRENCIES Reuters [LONDON] The euro erased early losses against the US dollar yesterday as Asian accounts bought on dips and caught speculative players by surprise, but the shared currency was weighed by peripheral eurozone debt concerns. The euro initially fell to its lowest
      Reuters; AFP  -  486 words
    • 59 8 VOLUME TopGlobal 541,853,000 *Genting HK US$ 243,741,000 Genting SP 135,922,000 Golden Agri 89,276,000 BerlianLaju 67,133,000 TopGlobal W*****9 45,988,000 MDR 44,347,000 Cosco Corp 38,885,000 ChinaNTown 38,785,000 UniFiber 36,860,000 VALUE($) Genting SP 317,308,050 *Genting HK US$ 154,844,903 Wilmar 134,428,365 Keppel Corp 125,787,012 DBS Grp 121,378,809 CapitaLand 118,356,340 SingTel 97,569,260
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    • 110 8 BY CENTS CLOSE UP GLD 10US$ ***** 263.8 1.5 DBXT MSJAP 10US$ 3830 115.8 2.4 Jardine C&C 3880 54.0 1.4 SembMar.ES.1011 510 34.0 7.1 Lyxor US DJIA 10 US$ 1142 33.5 2.3 STXPO 100 1532 32.0 2.1 Pru 500US$ 1028 28.3 2.2 Keppel Corp 1078 28.0 2.7 IS MSCI
      110 words
    • 119 8 BY CENTS CLOSE DOWN JSH 2790-131.2 -3.5 DBXT FTVietnam 10US$ 3582-114.5 -2.4 DBXT MSEurope 10US$ 4601 -43.7 -0.7 HK Land 711 -20.6 -2.2 Lyxor China H 10US$ 1816 -20.6 -0.9 Asia Pac Brew 1810 -20.0 -1.1 KepLand.ES.1011 488 -19.0 -3.7 CityDev 1330 -18.0 -1.3 Keppel Land 492 -13.0 -2.6
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 195 9 Gold breached the US$1,400 mark. Will Gold bulls continue to run? GOLD THE ULTIMATE ASSET Volatile market conditions have increased the appeal of gold as the safe haven asset. GOLD prices have crossed the US$1,400 mark this year. Will it hit a higher milestone? Let Phillip Futures help you discover
      195 words

  • SINGAPORE NEWS
    • 529 10  -  Winners lauded; Lim Hwee Hua also announces new initiatives for SMEs BUSINESS EXCELLENCE AWARDS By TEH SHI NING PURSUING business excellence is a key first step for organisations to raise productivity, Minister in the Prime Minister’s Office Lim Hwee Hua said last night. Speaking at
      529 words
    • 323 10  -  By TEH SHI NING AN EXPANDED understanding of “business excellence” has become crucial for various institutions in healthcare, education and government. Curt Reimann, keynote speaker at the 2010 Business Excellence Global Conference, explained yesterday that he had witnessed massive changes in the
      YEN MENG JIIN  -  323 words
    • 477 10  -  Frasers CentrepointFar East-Sekisui bid leads in 4-horse race By KALPANA RASHIWALA THE more sober bidding mood continued at a state tender for a 99-year leasehold private condominium site at Upper Serangoon View in the Hougang area yesterday, as developers remained mindful of
      477 words
    • 402 10  - Ernst Young sets up virtual Asia-Pac tax hub Centre has more than 100 specialists from 20 countries By LYNN KAN ERNST Young (E&Y) has established a borderless virtual tax service hub for the Asia-Pacific, to cater to businesses expanding amid the region’s rapidly changing tax climate. The new Ernst Young
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    • 357 10  -  By MICHELLE QUAH FIVE more individuals have been charged in connection with the alleged $12 million fraud that took place at the Singapore Land Authority (SLA). All five are accused of conspiring with two former senior executives of SLA to cheat the statutory board
      357 words
    • 386 11  -  The two hospitals are scheduled to open in 2014 and early 2015 By NISHA RAMCHANDANI THE government is channelling some $1 billion towards Jurong General Hospital (JGH) and Jurong Community Hospital (JCH), which will open in 2014 and early 2015
      386 words
    • 402 11  -  By CHEN HUIFEN LOCAL enterprises are becoming more aware about branding, going by the quality of submissions at this year’s Singapore Prestige Brand Awards (SPBA). According to one of the judges, most of the applicants have gone beyond the basic concept of improving
      402 words
  • Page 10 Advertisements
    • 222 10 CHARITY FUN RUN IN THE CBD Promoting organisations with a heart Friday, 12 November 2010 4.30pm The Float Marina Bay Guest-of-Honour: Mrs Lim Hwee Hua, Minister, Prime Minister's Office, Second Minister for Finance and Transport Catch all the excitement at the seventh SGX Bull Charge, as members of Singapore's financial
      222 words

  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 436 12 AFP [DUBLIN] Ireland’s decision to frontload a fouryear 15 billion euro (S$26.8 billion) deficit correction in next month’s budget was endorsed on Monday by EU economic commissioner Olli Rehn. At a press conference in Dublin, he said all-party support for the programme of
      AFP; PHOTO: BLOOMBERG  -  436 words
    • 509 12 Strong A$ eats into tax revenue but economic growth expected to pick up AFP [SYDNEY] Australia’s min-ing-powered economy is on track for 3.25 per cent growth this year and a return to budget surplus by 2012-2013, making it the “envy of the
      AFP  -  509 words
    • 337 12 Agreement seen to be reached on key outstanding issues AFP [SEOUL] Top US and South Korean trade officials have completed talks yesterday on sealing a sweeping free trade agreement ahead of this week’s Group of 20 (G-20) summit in Seoul, a report said. Trade
      AFP  -  337 words
    • 463 13 Paul Volcker expects slow economic growth for the next year AP [BEIJING] Paul Volcker, a top economic adviser to President Barack Obama, said yesterday he sees no short-term way to reduce high US unemployment and expects slow growth for the next year
      AP  -  463 words
    • 397 13 Bloomberg [HONG KONG] Global trade transactions settled in yuan will total about $2 trillion annually within five years, making up half of China’s total trade flows with emerging markets, compared with less than 3 per cent now, according to a report
      Bloomberg  -  397 words
    • 483 13 Global monetary arrangements dysfunctional: don Reuters [SEOUL] World Bank president Robert Zoellick may have hit it on the nail with his proposal for a new “cooperative” monetary system, with a role for the yuan, that might also refer to gold to gauge market expectations
      Reuters  -  483 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
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    • 558 13 IMPROVE YOUR ORGANISATION’S PERFORMANCE WITH THE BUSINESS EXCELLENCE FRAMEWORK Find out how in the supplement on 12 November Why DBS Exchange Traded Funds (ETFs)? Why ABF Singapore Bond Index Fund? •ETFs are efficient, transparent and flexible ETFs are efficient, low-expense instruments that provide you with liquid exposure to select markets
      558 words

  • MALAYSIA/INDONESIA
    • 526 14 Obama says America will be doing everything it can to increase trade AFP AP Reuters Bloomberg [JAKARTA] The United States and Indonesia yesterday sealed a “comprehensive partnership” agreement designed to boost ties across economic and other fields. “We agreed to improve cooperation
      AFP; AP; Reuters; Bloomberg  -  526 words
    • 409 14  -  By PAULINE NG SELANGOR Chief Minister Khalid Ibrahim has indicated that Permodalan Nasional Bhd’s (PNB) proposal for a 100-storey skyscraper in Kuala Lumpur ought to be debated. The federal opposition politician yesterday said he supported the notion of Kuala Lumpur and Klang Valley as
      409 words
    • 559 14  -  By S JAYASANKARAN THE recent RM1.3 billion (S$540 million) acquisition of media company Star Publications by the Malaysian Chinese Association (MCA) from a related MCA business unit was done mainly for tax purposes, executives familiar with the transaction said. Last Friday, the MCA the
      559 words
  • Page 14 Advertisements
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    • 147 14 BlueSky Conference BlueSky Gala Grand Copthorne Waterfront Zouk KEY SPEAKERS: Dr Christopher Tsai Founder Chairman, BIONET Corporation (Taiwan) Dr Geoffrey Nicholson Vice President (Retired), International Technical Operations, 3M (US) Mr Sunny Verghese Group Managing Director CEO, Olam International (Singapore) Mr Ashish Chatterjee Head, Bangalore Innovation Centre, The Procter Gamble Company
      147 words

  • GREATER CHINA
    • 366 15 This is to improve R&D and to fund new joint ventures AFP [BEIJING] US conglomerate General Electric (GE) said yesterday that it plans to invest more than US$2 billion over two years to improve research and development in China and to fund
      AFP; AP  -  366 words
    • 539 15  -  British premier aims to double bilateral trade to more than £100b in 15 years By NEIL NEIL BEHRMANN INTENSE three-day negotiations are under way to boost two way trade between Britain and China. The largest British delegation to go to China in more
      539 words
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  • Page 15 Miscellaneous
    • 22 15 tl'Jl'] JACKPOT > y cO r\ (I, COTOMORROW RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
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  • GREATER CHINA/INDIA
    • 250 16 Reuters [BEIJING] China said yesterday it understood India’s desire to gain a permanent seat on the United Nations Security Council, where China is the only Asian member. US President Barack Obama on Monday endorsed New Delhi’s demand for a permanent seat as part of a
      Reuters  -  250 words
    • 504 16 Reuters [NEW DELHI] India’s ruling Congress party has sacked two powerful members over corruption allegations in a bid to repair the party’s image ahead of a series of state elections critical to the coalition’s strength. The resignations came just as the government
      Reuters; AFP  -  504 words
    • 228 16 A group of private equity firms said to be behind the move Reuters [HONG KONG] Jack Ma, founder of Alibaba Group, has been approached by a group of private equity investors to gauge his interest in taking part in a bid to buy
      Reuters  -  228 words
    • 435 16 Overseas bond-rush helps sustain 21% jump in lending in the year to Oct 22 Bloomberg [SINGAPORE] India banks are selling the most dol-lar-denominated debt in at least a decade, taking advantage of near-zero US benchmark rates after Reserve Bank of
      Bloomberg  -  435 words
    • 346 16 Reuters [NEW YORK] China is set to overtake Japan as the world’s second-biggest pharmaceuticals market after the United States in 2015, a leading industry expert said on Monday. The new forecast reflects rapid economic growth and Beijing’s commitment to continued healthcare
      Reuters  -  346 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 308 17 立 LEY CHOON CONSTRUCTIONS AND ENGINEERING PTE LTD Registration Number *****4441 H ONE-STOP UNDERGROUND UTILITIES INFRASTRUCTURE SERVICE PROVIDER Asphalt Plant Head Office Watermains Infrastructure Construction Waste Recycling Plant Milling Patching Ley Choon engages in underground utilities infrastructure construction and maintenance, sewer pipelinerehabilitation,roadandairfieldconstruction and maintenance as well as asphalt pre-mix production
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  • WORLD
    • 759 18/19 US quantitative easing risks spurring asset bubbles in region’s markets Bloomberg Reuters [KUALA LUMPUR] Asian economies may need to turn to capital controls as quantitative easing by the US threatens to spur asset bubbles in the region’s stock, currency and property markets, the
      Bloomberg; Reuters; BLOOMBERG  -  759 words
    • 587 18/19 Shares surge despite investment banking arm’s weak results Reuters [LONDON] Barclays’s income from its key investment banking arm stayed weak in the past four months amid tough capital markets, but it expects bad debts across the bank to fall 30 per cent this year
      Reuters; BLOOMBERG FILE PHOTO  -  587 words
    • 314 18/19 Bloomberg [TOKYO] Hedge funds assets exceeded US$1.6 trillion, reaching the highest in more than two years, as managers returned 2.3 per cent last month helped by gains in global markets, according to Eurekahedge Pte Ltd. Hedge funds posted positive returns for
      Bloomberg  -  314 words
    • 717 18/19 AFP [WASHINGTON] A US presidential panel probing the Gulf of Mexico oil disaster examined yesterday the oil industry’s safety culture, after its lead investigator said he found no evidence BP and its partners had sacrificed safety for profits. “To date, we have
      AFP  -  717 words
    • 346 18/19 But it leaves outlook unchanged due to impact of strong yen [TOKYO] Japanese electronics giant Toshiba said yesterday that its net profit surged in the three months ended September from a year earlier but left its profit outlook unchanged on uncertainties caused by
      AFP  -  346 words
    • 590 18/19 Firm on track to meet or exceed Ebitda estimate for 2011 of US$3b: CEO AFP [HONG KONG] Las Vegas Sands’ Macau unit said yesterday that it more than doubled quarterly profit to nearly US$200 million, after the world’s most lucrative gambling hub posted
      AFP; REUTERS  -  590 words
    • 332 18/19 AFP [SYDNEY] Australia’s Woodside Petroleum yesterday said it could be in the sights of mining giant BHP Billiton following Royal Dutch Shell’s sale of a US$3.3 billion stake that sent its shares diving. Shell said the 78.34 million shares, one-third of its
      AFP; BLOOMBERG FILE PHOTO  -  332 words
    • 454 18/19 AFP [WASHINGTON] George W Bush, all but invisible since he left the White House nearly two years ago, reclaimed the spotlight yesterday with the release of a new memoir defending his “war on terror” and the Iraq invasion. Decision Points appears a week
      AFP; AP  -  454 words
    • 312 18/19 AFP [HANOI] Urgent action is needed to reverse inefficient farming methods and boost the world’s supply of rice in order to prevent rising poverty and hunger, experts told a major world rice congress yesterday. “We must take action now, not next
      AFP  -  312 words
    • 465 20 Former Musharraf govt gave PSA control of Gwadar port in 2007 Reuters [ISLAMABAD] The head of Pakistan’s Baluchistan province pledged yesterday to challenge in the courts what he said was a “one-sided” deal with a Singapore company to run a strategic
      Reuters  -  465 words
    • 487 20 It will dispose of more assets not under its control; raises profit outlook Reuters [LONDON] Vodafone, the world’s largest mobile operator by revenue, raised its full-year profit outlook and said that it had agreed to sell its interests in Japanese carrier SoftBank for £3.1
      Reuters; BLOOMBERG  -  487 words
    • 438 20  -  By LEE U-WEN [SINGAPORE] Former US president Bill Clinton will personally lobby for his country to again host football’s most glamorous event, the World Cup, in 2022. Mr Clinton, an ardent fan of the sport, will take part in the final
      438 words
  • Page 18/19 Advertisements
    • 134 18/19 Introducing the new Volkswagen Passat CC. The 4-door coupe. The sleek new 5-seater Passat CC performs exactly like it looks. Part limousine, part coupe, it represents the best of both worlds. It has the aerodynamic design and performance of a sports coupe, while its spacious interior ensures 5 people can
      134 words

  • Page 20 Advertisements
    • 2736 20 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Beyonics Technology BEYONICS TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****8168G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the Company will be held at 30 Marsiling Industrial Estate Road 8,
      2,736 words
    • 191 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MERRICK SINGAPORE PTE. LTD. (COMPANY NO: *****5959G) (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the
      191 words

  • G-20 SUMMIT
    • 561 21  -  All countries have to work together to manage the change to multipolar regime By EMILYN YAP [SINGAPORE] The transition to a multipolar world economic order is underway and countries have to work together to manage this change. Prime Minister Lee Hsien Loong
      561 words
    • 442 21 AFP [SEOUL] Beaming radiantly, a giant portrait of Olympic women’s figure skating champion Kim Yu-Na overlooks a plaza in the South Korean capital under a banner heralding this week’s Group of 20 (G-20) summit. “G20 Seoul Summit 2010 opens the future of South
      AFP; BLOOMBERG  -  442 words
    • 378 21 AFP [SEOUL] Group of 20 leaders will fail to agree on detailed guidelines on shrinking the world’s trade imbalances when they meet this week in Seoul, South Korean President Lee Myung-bak was quoted yesterday as saying. It will “take months” to agree on specific
      AFP  -  378 words
  • Page 21 Advertisements
    • 603 21 r it Advertisement ing over your s solutions to prbteit ydur fiusihess With years of experience in delivering optimal security solutions, AETOS provides the assurance and expertise you need to grow your business with confidence. That's why we have a wide range of services to help you manage every aspect
      603 words

  • EDITORIAL & OPINION
    • 502 22 Imperfect ranking but still nice to be tops EDITORIAL EVEN for an economy accustomed to top placings in various global rankings, it’s heartening for Singapore that the latest World Bank Doing Business report still sees for the fifth year running the Republic as the easiest place to do business. The
      502 words
    • 1133 22  -  It has to accept a lower living standard while paying down individual and collective debts ANTHONY ROWLEY Tokyo Correspondent IT’S the economy, stupid. This seems to be the message that those who thrashed the Democrats in last week’s US mid-term elections seemed
      AFP  -  1,133 words
    • 781 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ALTHOUGH it is now more than a month since the Norwegian Nobel Committee awarded this year’s Nobel Peace Prize to imprisoned Chinese dissident Liu Xiaobo, the
      781 words
    • 1641 23  -  G-20 should focus on a comprehensive package centred on structural reforms in both surplus and deficit countries By YIPING HUANG The author is professor of economics at the China Centre for Economic Research, Peking University ANEW currency war is looming. The US Congress
      AFP  -  1,641 words
    • 588 23  -  By RODOLFO C SEVERINO The writer, a former Asean secretary-general, is head of the Asean Studies Centre at the Institute of Southeast Asian Studies ON THE eve of his current four-nation swing through Asia, President Barack Obama of the United States published an
      AFP  -  588 words


  • Transport HUB
    • 346 24 Reuters [GUANGZHOU] The global shipping market will recover in 3-5 years, led by the container industry, which has already started to return to profit, a top executive said yesterday. The shipping industry is seen to be returning to pre-crisis levels with the
      Reuters  -  346 words
    • 823 24  -  Military personnel should be routinely deployed to protect far more ships STRAIT TALK By DAVID HUGHES YETagain,I’mafraid, the subject this week is piracy. And there is good news and bad news. There was some good news last weekend. The 14,445 dwt
      823 words
    • TRANSPORT HUB: AVIATION
      • 447 25 It says its engines have slightly higher level of power than those in SIA’s planes Reuters [SYDNEY] Qantas Airways is reviewing the way it operates its A3 80 planes after last week’s engine blowout, a source said yesterday, amid reports that it
        Reuters; REUTERS  -  447 words
      • 356 25  -  &SS REUTERS BREAKINGVIEWS By ROBERT COLE AS Benjamin Franklin observed, reputation is like glass or fine porcelain. Once cracked, delicate things are devilishly hard to mend. The engine failure on the Qantas superjumbo taking off from Singapore has created, as yet, no more than hairline fractures
        356 words
      • 435 25 AP [WASHINGTON] Despite knowing for decades that terrorists could sneak bombs onto planes, the US government failed to close obvious security gaps amid pressure from shipping companies fearful that tighter controls would cost too much and delay deliveries. Intelligence officials around
        AP  -  435 words
      • 419 25 Reuters [BRUSSELS] European Union member countries agreed on Monday to tighten aviation security measures after bombs were found in air cargo bound for the US. Home affairs ministers meeting in Brussels set up a specialist group to prepare specific recommendations that may
        Reuters  -  419 words
      • 3195 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam
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    • TRANSPORT HUB: LAND
      • 554 26  -  It will launch A1 e-tron, the electric version of Audi A1 super-mini, in 2011 By SAMUEL EE [SINGAPORE] Audi aims to lead the premium electric car market 10 years from now. And to get things started, the German marque will
        554 words
      • 372 26 Bernama [KUALA LUMPUR] A collaboration between Proton Bhd and an Australian motor counterpart may be established to produce Malay-sia-Australia cars, Proton Vendor Association (PVA) president Wan Mohamed Wan Embong said yesterday. “I’m encouraging Proton and Australia to look into this. We could also establish Malaysia-Australia
        Bernama  -  372 words
      • 278 26 Reuters [TOKYO] Japanese carmaker Mitsubishi Motors Corp and electronics retailer Bic Camera Inc joined hands yesterday to promote the spread of electric cars in Japan, with a view to eventually selling the zero-emission cars alongside household electronics. In the first tie-up of its kind
        Reuters  -  278 words
      • 359 26  -  By SAMUEL EE [SINGAPORE] Volvo will remain an independent Swedish company despite the recent purchase by Chinese manufacturer Geely, with the famous Volvo brand DNA to be further developed and strengthened. “We have every confidence that both the Volvo brand and its products will
        359 words
      • 138 26 AFP [SINGAPORE] A passenger train derailed in Singapore yesterday during a routine service but nobody was injured, the Straits Times reported on its website. A spokeswoman from Malaysian rail operator Keretapi Tanah Melayu, which operates the service between Singapore and Malaysia, confirmed the incident.
        AFP  -  138 words
      • 610 26 Q3 loss narrows, full-year operating profit set to surge AP [DETROIT] A year-and-a-half ago, Chrysler almost went under. Now, a new version of the Jeep Grand Cherokee is helping turn its fortunes around by narrowing its third-quarter loss and raising its confidence as it rolls
        AP  -  610 words
  • Page 24 Advertisements
    • 165 24 MONGOLIA SHIP REGISTRY Shanghai Shipping Limited is the authorized ship registration in-house agent for MONGOLIA SHIP REGISTRY We welcome ship owners to register with us We assist ensure smooth registration of your vessel After registration, we provide effective flag state support to ship owners Just provide your vessel GT NT,
      165 words

  • Page 25 Miscellaneous
    • 302 25 CRYPTIC CROSSWORD Across 1 Get off with airhead blonde (6) 4 Inconsistent United Nations’ record (8) 10 Robin and Batman originally caught by arrested crook (9) 11 Simpleton admitting small peculiarity (5) 12 Frank, personal writer? (7) 13 Ham finished before a case of claret (7) 14 Pin back a
      302 words

  • Page 26 Advertisements
    • 667 26 ORIENTAL CENTURY LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****3707R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 19 Keppel Road #03-07 Jit Poh Building Singapore *****8 on the 2nd day of December 2010
      667 words
    • 27 26 Lianhe Zaobao m si J§ ft Iff r m China said imposing new rules to directly control home prices To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • SINGAPORE STOCKS
    • 9133 27 Transaction date: Nov 9 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18 17.5 18.5 1.7 10.1 5.8 86.2 12 5 5834 A-Sonic 6 unch 393
      9,133 words
    • 1900 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 158 160 97.3 4 0.5
      1,900 words
    • 9436 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.32/ APS Alpha Fund (USD)!** 1.03/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,436 words
    • 868 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114.2 113.8 121 521.3 1056 761 CIMBAsean40 100US$ US1050 -1 80 1056 1050 1050 1057 42 335
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    • 69 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A52 51 54 3.6 6.7 4.2 135.4 55 16 6017 Genting HK US$ US51.5 +4.5 *****1 52 46 51 51.5 3391
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  • Page 27 Advertisements
    • 66 27 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
      66 words


  • FINANCE & COMMODITIES
    • 374 29 In local curr In S$ In US$ dy yr dy yr dy yr Nov 8 Index Change Change Change Change Change Change World Index Preliminary 878.3 -0.2 5.5 -0.3 -1.1 -0.4 7.8 EAFE Preliminary 793.2 0.0 1.1 -0.4 -3.5 -0.5 5.3 Europe Preliminary 1169.3 -0.2
      374 words
    • 184 29 Nov 9 $S Offer Bid 0vernight 0.03 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.35 0.25 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12
      184 words
    • 22 29 Nov 9 S$ Bid Offer 1-month 1.2866 1.2870 2-months 1.2865 1.2869 3-months 1.2865 1.2870 6-months 1.2867 1.2872 Source: OCBC
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    • 151 29 Nov 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 440.0 433.0 440.0 18 Jan 11 442.0 Feb 11 437.0 437.0 442.0 14 Mar 11 442.5 Apr 11 443.5 4 May 11 443.5 4 Jun 11 443.5
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    • 121 29 Nov 09 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.268 Can dollar 1.307 1.257 Euro 1.82 1.75 Sterling pound 2.112 2.031 NZ dollar 1.041 0.992 US dollar 1.309 1.259 Local dollars to 100 units of foreign
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    • 27 29 Nov 9 Open High Sett STI Nov 3310 SIMSCI Nov 387.6 390.6 390.0 Taiwan Nov 299.3 300.5 300.0 Source: MF Global (S) Pte. Ltd
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    • 90 29 Nov 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 10.02.2011 0.29 0.25 0.25 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.00 104.05 104.00 5-Year N*****0S 2.875 01.07.2015 109.26
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    • 105 29 Nov 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 10 1264.50 1273.50 1278.50 1263.75 Jan 11 1274.75 1284.00 1289.50 1274.00 Mar 11 1283.25 1292.50 1298.00 1282.50 May 11 1286.50 1295.25 1300.75 1285.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 10 52.01 52.22 52.85
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    • 77 29 CRUDE OIL PRODUCTS Nov 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.96 0.19 WTI (Near Mth) 87.02 0.09 Dubai (1-Mth F) 85.01 -0.30 Tapis blend 91.50 -0.55 Minas 87.10 -0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.55 0.36 Jet Kerosene 99.55 1.85 US$/barrel Opec Oil
      77 words
    • 464 29 Nov 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 6.743 0.728 7.820 44.789 89.804 0.815 11.224 3.124 1.288 86.147 43.694 1.298 6.930 0.973 30.457 29.793 0.626 1.009 Canada 0.985 6.645
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    • 85 29 Nov 9 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 29 Nov 9 GOLD (US$/oz) Nov 09 Nov 08 Hong Kong 1409.00 1389.50 Nov 08 Nov 05 London 1393.84 1388.40 1394.61 1389.40 Source: Thomson Reuters CAST BAR Nov 09 (S$) Selling Buying Kilobar 62,567.18 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 398 292 10gm 711
      138 words
    • 69 29 Nov 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2404.00 2424.00 3 months 2430.00 2452.00 Copper, Grade A (US$/tonne) Cash 8665.00 8652.50 3 months 8660.00 8655.00 Lead (US$/tonne) Cash 2482.50 2485.00 3 months 2505.00 2506.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 154 29 Nov 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2975 1.2986 1.0085 1.0090 Canadian dollar 1.2785 1.2796 0.9937 0.9942 Euro 1.7816 1.7825 1.3847 1.3850 NZ dollar 1.0073 1.0089 0.7829 0.7839 Sterling pound 2.0714 2.0726 1.6100 1.6104
      154 words
    • 82 29 Nov 8 COCOA (£/tonne) Close Prev High/Low Dec 10 1829 1786 1832/1770 Mar 11 1857 1815 1860/1798 May 11 1875 1833 1877/1818 Jul 11 1893 1852 1898/1837 COFFEE (US$/tonne) Close Pev High/Low Nov 10 2036 1972 2047/2005 Jan 11 2046 1986 2058/1980 Mar 11 2028 1970 2039/1968 May 11
      82 words
    • 72 29 Nov 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3300 3346 3325 3288 85 1604 Dec 10 3295 3358 3365 3295 1233 6606 Jan 11 3288 3363 3372 3288 ***** ***** Feb 11 3287 3364
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    • 427 29 Nov 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6700 0 9883 Mar11 99.5800 0 2257 Jun11 99.5100 0 2154 Sep11 99.4450 0 2056 EUROYEN TIBOR FUTURES Dec10 99.6725 0 3248 Mar11 99.6725 99.6725 99.6725 99.6825 0 1549 Jun11 99.6950 1 1437 Sep11 99.6800 99.6800
      427 words
    • 2396 29 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2.5 unch 145 1 3 -8 2.40 1 6221 Asia-Pacific Strategic W*****6 39 1 150 15 4.21 42 6227 ASJ Hldgs W*****1 3.5 1 4 15 1.86
      2,396 words
    • 5778 30 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 31 Advertisements
    • 32 31 FREIGHT I' s m services FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      32 words

  • Page 32 Advertisements
  • executive Money
    • 1590 32 The US$13b mutual fund has been reducing its emerging-market holdings by a third Bloomberg [BOSTON] Brent Lynn has beaten 96 per cent of rivals since taking over the Janus Overseas Fund in 2003, in part by investing in stocks from emerging markets such
      Bloomberg; AFP  -  1,590 words
    • 1773 33 To some analysts, these mini flash crashes are a sign that another big one is possible, if not probable NYT BLACKBERRYSwerebuzzinginsideProgress Energy in Raleigh, North Carolina: In a blink, the 102-year-old utility had been virtually wiped out on Wall Street. For no apparent reason, Progress’
      NYT; AP  -  1,773 words
    • 843 34 Arbitrageurs buy the securities of firms that are the target of a merger or a spin-off, then make their money on the ‘spread’ NYT THE business of betting on mergers and acquisitions is coming back from the dead. As Wall Street insists that the
      NYT; REUTERS  -  843 words
    • 1213 35  -  The American body politic holds China responsible for much of the pressure bearing down on hard-pressed American workers MONEY MATTERS STEPHEN ROACH The writer is Morgan Stanley’s non-executive chairman of Asia and is hosting its ninth annual Asia-Pacific Summit in Singapore from Nov 9-11. Mr Roach
      AFP  -  1,213 words
    • 1180 36  -  The latest Fed move has so far buoyed risk assets all round, raising concerns about asset bubbles particularly in the emerging markets, reports GENEVIEVE CUA GENEVIEVE CUA BILLGross,chief executive of Pimco which manages the world’s largest bond mutual fund, has called a
      * Total return  -  1,180 words

  • Page 33 Advertisements
    • 54 33 EMBA-Global Asia World-Class Executive MBA <5 HONG KONG 1 ILL H if iiii 1 in ■iiiiiiiK Connected at all times Our next information session: Based in the business capitals of the world, EMBA-Global Asia empowers you to lead in a rapidly changing global economy. www.emba-global.com/asia Singapore Pan Pacific Singapore Hotel
      54 words
    • 36 33 LGT-Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com www.lgt.com Singapore, Hong Kong and 27 other locations worldwide. 5 I kJ Vl Wealth Management
      36 words

  • Page 34 Advertisements
    • 380 34 A prosperous Asian bond investment requires a wide variety of choices. ■■r I fr x- > <* f >. c i. vr A 7< pHr O ra A T H X r V in J Hv Just as rice is a staple in Asia, Asian local currency bonds may have
      380 words

  • Page 35 Advertisements
    • 102 35 Natural Resources Funds There are many natural resources funds, but only one with the right signature. With so many funds on the market, how do you narrow the field? Simply look for funds bearing a signature you can trust J.P. Morgan. Talk to your investment advisor about natural resources funds
      102 words

  • Page 36 Advertisements
    • 106 36 Deutsche Bank db.com Global strength and expertise At the centre of Asia's markets Best Global Investment Bank* Tksucrv^itr w f I w W w f r IT-1 ailKal i»l 111"|T~, m' IS I M I I I ■■mJ ■t,~ HU y& v-arar.gta. v »r~ f «*»=»>• *Euromoney Awards for Excellence
      106 words