The Business Times, 16 June 2011

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Microfilm: NL31534
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SjSl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, June 16,2011
    23 words
  • Article, Illustration
    Lock icon No dice – The Shoppes can’t be sold till 2017: STB
    604 1  - No dice The Shoppes can’t be sold till 2017: STB By GRACE LEONG [SINGAPORE] The Shoppes at Marina Bay Sands (MBS) integrated resort is not for sale at least not until after March 2017 and only with the Singapore government’s approval, a Singapore Tourism Board (STB) official told The Business
    FILE PHOTO  -  604 words
  • Article
    Lock icon Buyers vote to wait, new home sales slow after GE
    1054 1  -  May sees 13% drop in sales, June may be even weaker as buyers study new minister’s policies By UMA SHANKARI [SINGAPORE] Sales of new private homes (excluding executive condos) fell 13 per cent month-on-month in May as buying interest cooled
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  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 3,054.82 (-2.57) H ST INDEX FUTURES 3,055 (-3) H SIMSCI 353.07 (-1.43) H SIMSCI FUTURES 352.70 (-1.70) FOREX US$ S$ US$ (S$ per US$) 1.233 (US$/S$ per 1.636 2.017 EURO (US$/S$/E) 1.437 1.772 Foreign currency per US$ S$ YEN 80.60 65.40 RM 3.031 2.458 HK$ 7.785
    144 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      375 2 New home sales slow after GE SALES of new private homes (excluding executive condos) fell 13 per cent month-on-month in May as buying interest cooled in the face of policy risk. Developers sold 1,575 new private homes in May, down from 1,805 units in April. FRONT PAGE The
      375 words
    • Article
      Lock icon Swiss treat for currency investors
      714 2  -  Franc top performer out of 12 against Sing it gains 6.58% in 5 months By EMILYN YAP [SINGAPORE] Switzerland has much to be proud of the towering Alps and premier private banks, for instance. Now, it can add the Swiss franc to the list too.
      714 words
    • Article, Illustration
      Lock icon George Yeo decides not to run for President
      299 2 [SINGAPORE] George Yeo, who stepped down as foreign affairs minister after losing in the general elections last month, wrote yesterday that he won’t be running for the Presidency. “After considering all factors, I have come to the conclusion that, in this phase
      FILE PHOTO  -  299 words
    • Article
      Lock icon Will bold proposals survive fate of2005?
      919 4  -  New Corporate Governance Code needs more teeth, says MICHELLE QUAH COMMENTARY MICHELLE QUAH PROPOSED changes to Singapore’s Code of Corporate Governance have found much favour among corporate governance advocates since they were announced on Tuesday. But before we go dancing in the streets, it
      919 words
    • Article, Illustration
      Lock icon CEOs expect growth, pin hopes on Asia: survey
      541 4  -  By JOYCE HOOI [SINGAPORE] Even as the global economy is routinely plagued with worries that things are headed downhill, the confidence of chief executive officers about revenue growth is on an uptrend, according to PricewaterhouseCoopers’ (PwC) 14th Annual Global CEO Survey. The
      541 words
    • Article
      Lock icon BPO firm with a staff of 70 suspected of software piracy
      390 4  -  By WINSTON CHAI [SINGAPORE] A larger cash carrot for whistleblowers has helped turn up what could be the largest corporate target for a software piracy raid since Singapore toughened its stand on copyright breaches in 2005. A firm with
      390 words
    • Article
      Lock icon Unemployment hits 3-year low at 1.9%
      510 4  -  By CHUANG PECK MING [SINGAPORE] After running over-time to meet the demands of the year-end festive season, the job creation machinery slowed down slightly in the first three months of the year. But that has not eased the labour market. With the economy still
      510 words
    • Article, Illustration
      Lock icon The ‘trilemma’ of building a casino authority from scratch
      767 4  -  By GRACE LEONG [SINGAPORE] In the early days, outgoing Casino Regulatory Authority (CRA) chief executive T Raja Kumar recalls, he had to “create the syllabus and source his own study materials” in casino operations as there was no crash course available.
      CRA  -  767 words
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      225 words
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      206 3 Performance Motors Limited Sheer Driving Pleasure pml-bmw.com.sg -■yv- i £sBi o o o o SSSK ?il<5 TRUE LEADERS FOCUS ON THE BIG PICTURE. Visionaries look at the path ahead, and anticipate what is to come. As the official car of ScreenSingapore 2011, the BMW 7 Series luxury saloon conveys unmistakable
      206 words
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      23 4 JACKPOT TODAY /t Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
      23 words
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  • COMPANY NEWS
    • Article
      Lock icon More coal brokers keen to trade in S’pore
      613 5  -  Market liquidity now seen as sufficiently big enough to attract trading houses By RONNIE LIM COAL trading in Singapore’s energy hub is fast gaining momentum with more trading houses wanting to get into the game. Already at the confluence of big producers
      613 words
    • Article
      Lock icon UTAC to seek SGX relisting in $500m IPO
      259 5 Reuters [SINGAPORE] Microchip tester United Test Assembly Center (UTAC), which was taken over by buyout firms TPG and Affinity Equity Partners in 2007, is seeking to relist in Singapore in an IPO worth about $500 million, two sources said yesterday. UTAC is
      Reuters  -  259 words
    • Article
      Lock icon Chairman’s ‘sacrifice’ a boon to Biosensors
      826 5  -  HOCK LOCK SIEW By CHEN HUIFEN AT BIOSENSORS International Group’s analyst briefing on Monday, on its move to acquire full control of Chi-na-based stent maker JW Medical Systems (JWMS), Shandong Weigao’s management representative was heard thanking Biosensors chairman Lu Yoh Chie not once, but
      826 words
    • Article, Illustration
      Lock icon NOL orders new ships and upgrades worth US$1.54b
      414 6  -  Ten of the vessels will be 14,000 TEUs, its largest and most fuel efficient By JOYCE HOOI CONFIRMING talk of a big shipbuilding deal, Neptune Orient Lines (NOL) has signed a letter of intent to build 12 new container ships in South
      BLOOMBERG  -  414 words
    • Article
      Lock icon Lian Beng wins $128.8m condo contract
      209 6  -  By JASMINE NG LIAN Beng Group has clinched a $128.8 million condominium building contruction contract, its second this month, boosting its order book to $941 million. The contract for the Waterfront Isle condominium project at Bedok Reservoir Road was awarded to Lian Beng’s subsidiary
      209 words
    • Article
      Lock icon Australand buys site for Sydney housing project
      271 6  -  By CARINE LEE AUSTRALAND, the Australian subsidiary of Singapore property group CapitaLand, has acquired a 5.5-hectare residential site in Sydney in a joint venture with a fund managed by LaSalle Investment Management. The site in Clemton Park was purchased for about A$35 million
      271 words
    • COMPANY BRIEFS
      • Article
        Lock icon SIA’s overall load factor slips
        102 6 SINGAPORE Airlines filled 67.5 per cent of the space available on its planes for passengers and cargo in May, down from April and the same period a year ago. The Singapore flag carrier had reported an overall load factor of 68.2 per cent for April,
        102 words
      • Article
        Lock icon Chasen unit bags relocation job
        82 6 CHASEN Holdings said its wholly owned subsidiary, Chasen (Shanghai) Hi-Tech Machinery Service Co Ltd, has clinched its first specialist relocation contract worth US$1.25 million from a Korean-based major electronics manufacturer. The relocation solution to be provided by Chasen Hi-Tech covers the packing and transporting of
        82 words
      • Article
        Lock icon ST Engg unit wins $171m deal
        59 6 ST Engineering said its unit ST Marine had won a $171 million shipbuilding contract from a unit of Hong Kong’s Swire Pacific Ltd. The contract is for four anchor handling tug supply (AHTS) vessels that will be able to support the latest generation of
        59 words
      • Article
        Lock icon Trek fights patent infringement
        59 6 TREK 2000 International Ltd has filed a complaint with the International Trade Commission (ITC) against eight companies for patent infringement. It requests that the ITC issue an exclusion order that prohibits the importation of the infringing products into the US and a cease and desist order
        59 words
    • Article
      Lock icon Now let’s see the practical impact
      1420 7  -  The proposed revised code is a bold step forward in terms of raising corporate governance standards if it’s enforced COMMENTARY By MAK YUEN TEEN The writer is associate professor of accounting at NUS Business School, where he teaches corporate governance and ethics I ONCE
      1,420 words
    • Article
      Lock icon Harvey Norman wants to take Pertama private
      253 7  -  By LYNETTE KHOO PERTAMA Holdings has received a formal proposal from its controlling shareholder Harvey Norman Singapore (HNS) to take the consumer electronics group private. HNS, which, together with its subsidiary Harvey Norman Ossia (Asia) Pte Ltd (HNO), holds a 77.98 per cent
      253 words
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      Lock icon Page 5 Advertisements Column 1
      150 5 J II r*L •I wi. ii 5SSV. I ,\V i 1 f THE GREENWOOD 5® X /.«w X 1r m r 4 >r ■5. Elegant cluster terrace homes in Bukit Timah The Greenwood offers a collection of 54 exclusive cluster terraces. It is close to prestigious schools and the future
      150 words
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      136 6 THE mi tcna Residences Make breathtaking golf course views an everyday affair. With the Singapore Orchid Country Club as your neighbour, the panoramic privilege is all yours. Unveiling an exclusive enclave, conveniently located at Miltonia Close. For enquiries, 8333 3354 Call Freddy Lui CEA Reg No.: R*****5B Hi ET F1
      136 words
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      62 words
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      Lock icon Page 7 Advertisements Column 2
      147 7 Direct Market App Singapore’s first iPhone app to offer Direct Market Access CFDs. Trade on the move and directly into the order book on over 7000 global shares. Another innovation from Singapore’s No. 1 for CFD Customer Satisfaction.* Whether OTC or DMA, now you can take a position at guaranteed
      147 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Another soft session in low volume
      612 8  -  ST Index falls 2.6 points, as a mere 923 million units worth $1.01 billion change hands STOCKS R SIVANITHY Senior Correspondent YOU’D be hard-pressed to find any redeeming features to yesterday’s trading, unless of course you count the avoidance of a collapse which probably
      Source: Bloomberg  -  612 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Jun 15 VALUE CLOSE BT OB/OS -779.00 -59.00 BT CADI -*****.00-102.00 BT 10-day MA -*****.00 -78.00 FTSE ST Mid Cap 733.89 -5.47 FTSE ST Small Cap 510.13 -3.18 FTSE ST All Share 747.17 -1.66 FTSE ST China Top 250.92 -0.51 FTSE ST China 292.90 +2.17 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Genting SP 61,972,000 Golden Agri 55,656,000 Artivision 54,226,000 New Wave 30,300,000 PSL Hldgs 28,461,000 NOL 22,881,000 Hartawan 22,441,000 SingTel 21,245,000 CreativMast 17,053,000 Yangzijiang 16,590,000 VALUE($) Genting SP 117,071,150 SingTel 65,475,650 DBS Grp 58,209,960 Wilmar 56,080,070 Keppel Corp 51,258,460 Golden Agri 37,432,261 NOL 35,732,120 Olam 27,856,990 SembMar
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 10 6 0 0 0 1 10 6 Manufacturing 38 56 65 4 2 11 42 58 76 Commerce 13 18 21 4 5 2 17 23 23 Tpt/Stor/Comms 8 18 18
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon ST Engineering
        381 8 June 15 close: $2.89 DBS Vickers Research, June 15 ST ENGINEERING announced that its marine arm, ST Kinetics, has been awarded a $171 million contract by repeat customer Swire Pacific Offshore Operations Ltd (SPO), a wholly owned subsidiary of Hong Kong-based Swire Pacific Ltd. The contract is for
        Source: Bloomberg  -  381 words
      • Article
        Lock icon Singapore Press Holdings
        409 8  -  Compiled by LYNETTE KHOO June 15 close: $3.83 OCBC Investment Research, June 15 A CONSORTIUM, made up of Singapore Press Holdings (SPH) and United Engineers Ltd, recently bid $917 million for a site beside Jurong East MRT station, only 5.4 per cent below the winning bid. This
        409 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,284 26,284 75,525 75,525 Manufacturing 192,357 6,337 198,694 191,322 342 191,664 Commerce 47,471 3,726 51,197 89,005 460 89,465 Tpt/Stor/Comms 92,718 22,511 115,229 169,067 3,278 172,345 Finance 13,011 13,011 126,688 126,688 Construction 40,294 3,258 43,552 11,093
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.460 -0.040 CapitaLand 2.870 -0.040 CapitaMall 1.950 -0.030 CityDev 10.420 -0.280 ComfortDelGro 1.400 -0.020 DBS Grp 14.260 -0.200 F&N 5.630 -0.120 GLP 2.070 Genting SP 1.880 -0.010 Golden Agri 0.670 +0.005 HK Land 7.440 +0.080 JMH 51.800
      112 words
    • Article, Illustration
      Lock icon Euro slides as Greece debt stays in focus
      474 8 CURRENCIES Reuters [NEW YORK] The euro fell broadly yesterday after eurozone ministers failed to reach agreement on how to tackle the Greek debt crisis and Moody’s threatened large French banks with possible downgrades. A report showed US core inflation rose more than
      Reuters; BLOOMBERG  -  474 words
    • Article
      Lock icon RISES
      112 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6222 175.0 2.3 Asia Pac Brew 2800 120.0 4.5 Jardine C&C 4050 68.0 1.7 JSH 3030 64.1 1.7 JMH 5180 51.8 0.8 DBXT MSJAP 10US$ 3763 40.7 0.9 DairyFarm 900 27.1 2.5 DBXT MSINDO 10us$ 1516 23.4 1.3 DBXT MSTHAI 10US$ 1614
      112 words
    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-161.5 -1.0 DBXT DBCBDJUBS 10US$ 3816 -93.7 -2.0 DBXT S&P Short 10US$ 4336 -55.5 -1.0 Hyflux 6% CPS 10 ***** -42.0 -0.4 IS DJ US Tech 6333 -37.0 -0.5 DBXT FTChina25 10US$ 3133 -28.4 -0.7 CityDev 1042 -28.0 -2.6 HsuFuChi 368 -22.0
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      263 9 2 1 jti c* V r <• J> V The Ultimate Degree for Finance Executives -1 I, V <■/ m n 1 ft •V"V< mm EDHEC-Risk Institute PhD in Finance London Nice Singapore Since 2008, EDHEC-Risk Institute has been offering a unique PhD in Finance programme to elite practitioners who
      263 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Blowing into a hot, niche market
      965 10  -  With Singapore not enough for its appetite, Heat Exchangers plans to go into Europe and the Middle East, reports ENYA LIM EXCHANGING heat is the name of the game. Go sweat, if you don’t believe it. Without this technology, you wouldn’t have your airconditioning
      YEN MENG JIIN  -  965 words
    • Article, Illustration
      Lock icon Recycler Winrigo making big strides
      1135 10  -  It intends to help Singapore companies go green, as well as expand its offerings overseas, reports LESTER HIO ACOMPANY that tries to buy germs is more than likely to raise a couple of red flags. That is what Teri Teo, co-founder and operations director of
      ARTHUR LEE  -  1,135 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Retail and F&B sales up in April
      442 11  -  Index rises 5.7% over the previous month, boosted by a broad-based jump in sales By MINDY TAN RETAIL sales and food and beverage (F&B) businesses in Singapore were higher in April compared to the previous month, as well as year on year, said
      442 words
    • Article
      Lock icon Increasing south-south trade set to benefit S’pore, emerging nations
      558 11  -  Infrastructure investment key to building links: HSBC By MICHELLE TAN [SINGAPORE] The formation of new “south-south” trading routes linking Asia with the Middle East, Africa and Latin America is set to revolutionise the global economy, says HSBC Global Research. More importantly,
      558 words
    • Article
      Lock icon Finance professionals drawn to Asia, says survey
      283 11  -  By TAM YU LING ASIA is now the top destination for finance professionals seeking overseas experience, according to a survey published by eFinancialCareers yesterday. In the survey of 3,019 Asia-Pacific finance professionals, 88 per cent felt that overseas experience played an important role
      283 words
    • Article, Illustration
      Lock icon Starting afresh after decades-long stint
      807 11  -  Ex-NUS president is proud to helm top Saudi university PROFILE By LEE U-WEN HE may be 66 years old, but former National University of Singapore (NUS) president Shih Choon Fong says he is far from calling it a day as he looks to stamp his
      807 words
    • Article
      Lock icon Drop in home sales due to curbs: PropNex
      343 11  -  CEO says cooling measures affect buyer confidence By LESTER HIO SALES of private homes have dipped almost 4 per cent in May, down to 1,825 units, according to a PropNex release yesterday. Excluding the sales of executive condominiums, the drop is more
      343 words
    • Article
      Lock icon Payment promptness of S’pore firms falls 7.8% in Q1
      287 11  -  By TEO SI JIA PAYMENT performance of Singapore firms slipped yet again, falling 7.8 per cent to close to 40 per cent in the first quarter despite strong economic expansion, according to a report by the Singapore Commercial Credit Bureau (SCCB).
      287 words
    • Article
      Lock icon ChildAid concert appeals for more support
      330 11  -  By MAXIE AW YEONG THE annual ChildAid concert is appealing for more donors and corporate sponsors to support its cause. To be held from Dec 8 to 10 at the National University of Singapore’s University Cultural Centre, it will raise funds for The Straits
      330 words
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  • ECONOMY WATCH
    • Article
      Lock icon Asia Q2 business sentiment dips from peak
      817 12 Rising costs, growing doubts over strength of global economy cast pall over outlook: poll Reuters [BANGKOK] Business sentiment at Asia’s top companies fell in the second quarter, hitting its lowest since the third quarter of 2010 as rising costs and growing doubts over
      Reuters  -  817 words
    • Article, Illustration
      Lock icon Aussie central bank hints at August rate hike
      677 12 Reuters [SYDNEY] Australian interest rates are still likely to rise to help contain inflation amid a trade and mining boom, a top central banker said yesterday, flagging August as a possible window for a move. The local dollar firmed and debt futures
      Reuters; BLOOMBERG  -  677 words
    • Article, Illustration
      Lock icon NZ consumer confidence hits 5-month high in June
      358 12 Bloomberg [WELLINGTON] New Zealand’s consumer confidence rose to a five-month high in June, adding to signs of a recovery in regions outside earth-quake-damaged Christchurch, a private survey showed. The ANZ-Roy Morgan confidence index rose to 112.5 from 103.3 in May, according to
      Bloomberg; AP  -  358 words
    • Article
      Lock icon US profit margins expected to stay elevated
      430 12 Reuters [SINGAPORE] Corporate profit margins in the United States are likely to remain at elevated levels for the foreseeable future, despite concerns about an economic slowdown, former IMF chief economist Raghuram Rajan said yesterday. His comments at a financial conference in Singapore were
      Reuters  -  430 words
    • Article
      Lock icon S Korea jobless rate falls unexpectedly to 6-month low
      485 12 Bloomberg [SEOUL] South Korea’s unemployment rate has unexpectedly fallen to a six-month low as the economic expansion spurred hiring at manufacturers and health-care and welfare service companies. The jobless rate dropped to 3.3 per cent in May from 3.6 per cent
      Bloomberg  -  485 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon KL takes flak again over electricity deals
      493 13  -  Govt also blasted over supplementary budget seeking RM13b in spending By S JAYASANKARAN in Kuala Lumpur THE tabling of a RM13.2 billion (S$5.37 billion) supplementary budget in parliament on Tuesday has led to fresh criticism about independent power producers (IPPs) and the fat
      BLOOMBERG  -  493 words
    • Article
      Lock icon Team Lotus goes into sponsorship deal with GE
      479 13 Reuters [PARIS] Formula One’s (F1) Team Lotus announced a sponsorship deal with General Electric Co (GE) that deepens links between the US industrial group and a business empire that includes Asia’s largest budget airline. GE will join the Anglo-Malay-sian racing team as
      Reuters  -  479 words
    • Article
      Lock icon UEM Land in RM850m Iskandar project
      362 13  -  By MALMINDERJIT SINGH [SINGAPORE] Malaysia’s Iskandar region received a further boost as plans kicked-off on the building of a RM85 0 million (S$344.4 million) mixed development project in Medini, Nusajaya. To be jointly developed by UEM Land and Iskandar Harta Holdings, the Lifestyle Retail
      362 words
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      Lock icon Page 13 Advertisements Column 1
      135 13 2011 United Airlines, Inc. Double the pleasure Earn up to double miles when you fly to the Americas this summer. Fly United Airlines' daily service to our hub in Tokyo and make your way to your destination in the Americas on our expanded network. To top up your travel experience
      135 words
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      254 13 THE PROPERTY INSIGHT SEMINAR 2011 _n da Keen to find out how you can gain from the Singapore property market action? Get insights into undervalued property stocks that may be taken private. Understand the impact of recent government measures, policy shifts and latest trends in the real estate market. Know
      254 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India under pressure as growth slows
      721 14 That, coupled with rising inflation, calls for quick action from New Delhi NYT [NEW DELHI] India’s central government, convulsed by a series of corruption scandals, is under increasing pressure to deal with the potentially conflicting challenges of rising inflation and slowing growth. But any
      NYT; REUTERS  -  721 words
    • Article
      Lock icon Foreign direct investments in China up 23.4%
      280 14 Reuters [BEIJING] China’s foreign direct investment inflows in the first five months of 2011 rose 23.4 per cent from a year earlier to US$48 billion, as global firms make inroads into the country’s booming services sector. In May alone, China attracted US$9.2 billion
      Reuters  -  280 words
    • Article
      Lock icon Yahoo, Softbank wrong about Alipay: Jack Ma
      239 14 Bloomberg [HONG KONG] Alibaba Group Holding Ltd chairman Jack Ma has said that Yahoo! Inc and Softbank Corp failed to fulfil their duties as board directors, highlighting the rift between the Chinese on-line-commerce company and its biggest investors. “Prior to the current negotiations,
      Bloomberg  -  239 words
    • Article
      Lock icon Beijing’s rate hike pause may threaten economy
      433 14 Bloomberg [BEIJING] China’s inflation pressures have yet to be contained by four interest rate increases since last September, underscoring the danger of any extended policy pause as bad weather threatens to further drive up food costs. Premier Wen Jiabao’s government surprised analysts at
      Bloomberg  -  433 words
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      1919 14 UNI-ASIA FINANCE CORPORATION Registration No: CR ***** (Incorporated in the Cayman Islands with limited liability on 17 March 1997) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Uni-Asia Finance Corporation (the “Company”) will be held at Amara Singapore,
      1,919 words
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      Lock icon Page 14 Advertisements Column 2
      13 14 www.omy.sg 1 1 wWfceor. i /i _JIX yzone.omy.sg 'HflUSSL?"** jfiSK-po showbiz.omy.sg Jb fj
      13 words
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  • WORLD
    • Article, Illustration
      Lock icon World faces years of growth scares: Roach
      540 15 A weak recovery means there is no cushion against periodic shocks Bloomberg [HONG KONG] The world faces years of “growth scares” as a weak recovery grinds on with little to cushion against periodic shocks, Morgan Stanley’s Stephen Roach said. “We had a growth
      Bloomberg  -  540 words
    • Article, Illustration
      Lock icon Chinese junk bond sales in US dry up
      629 15 Sino-Forest scrutiny, global slowdown spook investors Bloomberg [SYDNEY] Sales of specula-tive-grade bonds in the US by Chinese companies have ground to a halt as scrutiny of Sino-Forest Corp and concern that the global economy is slowing prompt investors to avoid the nation’s
      Bloomberg; BLOOMBERG  -  629 words
    • Article
      Lock icon Inflation up 0.3% on higher vehicle, apparel prices
      522 16 The rise, the largest since July 2008, exceeds economists’ forecast of 0.2% LATEST US DATA Reuters Bloomberg [WASHINGTON] US core consumer inflation rose at the quickest pace in nearly three years in May and industrial production fared poorer than expected, underscoring the
      Reuters; Bloomberg  -  522 words
    • Article
      Lock icon Tripartism to be a subject of study by Asean nations
      268 16  -  By CHUANG PECK MING [SINGAPORE] Singapore’s tripartism will be a subject of study by Asean nations under a tie-up between the Ministry of Manpower and the International Labour Organization to improve human resource development and workplace practices in the region.
      268 words
    • Article
      Lock icon France defends banks after Moody’s flags downgrade
      291 16 Reuters [PARIS] France defended its banks’ financial firepower yesterday after Moody’s said it might downgrade them because of exposure to Greece’s debt-stricken economy. Moody’s warning, which cited the possible impact of a Greek debt restructuring as policymakers thrash out a fresh rescue package,
      Reuters  -  291 words
    • Article
      Lock icon Social Democrat is new Portugal PM
      245 16 Reuters [LISBON] Portugal’s president appointed Social Democrat (PSD) leader Pedro Passos Coelho prime minister yesterday, with a new government expected to take office next week and start implementing a bailout programme. Mr Passos Coelho will form a majority coalition government with the rightist CDS-PP,
      Reuters  -  245 words
    • Article, Illustration
      Lock icon Greek police clash with anti-austerity protesters
      623 16 Bloomberg Reuters [ATHENS] Greek police used tear gas to disperse protesters encircling the Parliament House as 20,000 people rallied against Prime Minister George Papandreou’s additional wage cuts and tax increases. Police fired tear gas at demonstrators who threw fire bombs at the Finance Ministry
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      Lock icon Canary Wharf eyeing £150m of Citigroup Tower debt
      346 16 Reuters [LONDON] Canary Wharf Group is in talks with the Royal Bank of Scotland (RBS) to buy more than £150 million (S$300 million) of debt on the Citigroup Tower, a source familiar with the deal said. Property entrepreneurs Glenn Maud and Derek
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      Lock icon Ford aims for 50% rise in global sales
      501 17 Push into emerging markets China, India follows turnaround in North America AFP [DETROIT] With its turnaround in North America essentially finished, Ford Motor is looking to the next act in its comeback by building its business in Asia’s emerging markets. Ford plans
      AFP; PHOTO: REUTERS  -  501 words
    • Article
      Lock icon Moody’s hikes debt rating of the Philippines
      394 17 Bloomberg [MANILA] The Philippines’ debt rating has been raised to the highest level since the start of 2005 by Moody’s Investors Service, after the government took steps to reduce its budget deficit. Stocks and the peso rose. The country’s foreign and local currency
      Bloomberg  -  394 words
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      Lock icon Zara’s owner and H&M get the blues
      591 18 Major economies except US are losing steam, warns OECD Reuters [STOCKHOLM] The world’s top two fashion retailers showed the challenges of luring cash-strapped Europeans yesterday, with H&M missing sales forecasts and Inditex relying on other markets and cost control for growth. Inditex, the
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    • Article
      Lock icon BOJ sees factory output rebound in July-Sept
      222 18 Reuters [TOKYO] Japanese factory output will continue to fall in the second quarter but is seen staging a clear rebound in July-September as companies restore supply chains hit by the devastating earthquake in March, the Bank of Japan said yesterday. “Production is expected
      Reuters  -  222 words
    • Article
      Lock icon Japan braces for power cuts this summer
      576 18 ‘Green curtain’ sales surge, shoppers buy clothes designed to help them stay cool Bloomberg [TOKYO] “Green curtain” gardening kits sales are surging, shoppers are buying clothes designed to help them stay cool and a pizzeria owner is losing weight as Tokyo residents brace
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    • Article, Illustration
      Lock icon Hurdles between Jain and the top job at Deutsche
      1026 19 As a non-German speaker and Wall St product, he is facing an uphill battle NYT [LONDON] Hanging on the wall of Anshu Jain’s office, where he runs Deutsche Bank’s worldwide investment banking operations, is a picture of Mr Jain’s former boss
      NYT; PHOTO: REUTERS  -  1,026 words
  • Page 15 Advertisements
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      405 15 rait w (OK Technology Performance Passion INGAPORF TOURSTAGEX V r Stand a chance to 1 win the New 1 Tourstage X-Drive 1 GR Driver worth 1 $880 with a j 1 minimum purchase > of $300 Hnett) in a I single j —a«» 1 5-SBr •<*Y Hi A shape beautiful
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      43 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY CHENNAI: INDIA'S DETROIT? a =P a. .1 s*Yi It wants to be the world's No.l car-manufacturing city FOUR INDIANS IN S'PORE SPECIAL OLYMPICS SQUAD GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST Wf
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      20 16 d* Lianhe Zaobao Inflation accelerated China likely to raise rates soon +ni[0rtjjp,t To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      345 16 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons (CWU) No. 71 of 2011F In the Matter of the Companies Act (Cap. 50) And In the Matter of BYTE-TREK TECHNOLOGIES PTE LTD (RC No. *****4487R) Between AMICORP INTERNATIONAL LIMITED ((Virgin Islands, British) RC No. *****0) Plaintiff And BYTE-TREK
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      53 17 Choice f T ln Singapo^ V m LX Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-0266
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      11 17 M ION Orchard Liat Towers Marina Square Takashimaya Shopping Centre W;
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      1666 18 BUY IT-SELL IT-FIND IT MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF WYNDHAM SUPPLIES PTE LTD (Co. Reg. No. *****4347G) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of
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      219 18 SPREAD THE LOVE a Chil^ A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund J V, u f ri> s --r Extend your iove through Friendship and Hope, the theme for ChildAid 2011 an annual charity concert in aid of The
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      23 19 The NEW WW* Android app i <£ r* SPWA^H TCDAV 'S BEST MUSIC HE MARRIED SMS ff9 C DOWNLOAD IT FREE AT RADI09I3.COM NOW!
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      269 19 75 WALL MANHATTAN Building permit number: CD-06-0850 PRIME NEW YORK INVESTMENT ON THE WORLD FAMOUS WALL STREET WHY 75 WALL? EXHIBITION Sat18th&Sun19thJune 11am-7pm TheRegentSingapore, CuscadenRoomLevel2, 1CuscadenRoad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’T MISS OUT! US REAL
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  • EDITORIAL & OPINION
    • Article
      Lock icon A healthy reality check for stocks
      510 20 EDITORIAL WHAT a difference six weeks make. It was only at the end of April that the Dow Jones Industrial Average crossed the 12,800 mark, a two-year high and almost 100 per cent up from its post-Lehman Brothers low of 6,500. At the time,
      510 words
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      Lock icon Bilderberg Group – very secret but may not be relevant
      797 20  - Bilderberg Group very secret but may not be relevant THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THE shadowy Bilderberg Group held its annual meeting last weekend in St Moritz, and in the communique issued at the end of the annual meeting this remarkable assembly of key political, diplomatic, financial, business,
      797 words
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      Lock icon Obama is sitting pretty for now
      1215 20  -  But if the economy gets worse, the Republican challenge will look more formidable LEON HADAR Washington Correspondent IDON’T know whether US President Barack Obama watched the televised exchange between the leading Republican presidential candidates. If he did, he may have felt reassured that none
      AFP  -  1,215 words
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      Lock icon Time for compassionate capitalism
      1059 21  -  Otherwise known as the Himalayan Consensus, it has three core principles which would serve the world well By LAURENCE BRAHM The writer is a political economist, lawyer activist and author (www. laurencebrahm. com) IS THE Washington Consensus dead? Post-Wall Street crash of 2008, many would say
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      Lock icon Harvard professor turns rock star in Asia
      890 21  -  THOMAS FRIEDMAN NYT YOU probably missed the recent special issue of China Newsweek, so let me bring you up to date. Who do you think was on the cover named the “most influential foreign figure” of the year in China? Barack Obama? No.
      NYT; BLOOMBERG  -  890 words
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  • AVIATION
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      Lock icon Govt drafts law to end strike at Air Canada
      561 22 Airline’s talks with union deadlocked mainly over the issue of pensions Reuters [TORONTO] The Canadian government said on Tuesday it is preparing legislation to order nearly 4,000 striking Air Canada customer service and sales agents back to work after they staged
      Reuters; REUTERS  -  561 words
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      Lock icon Perth flights grounded by Chile ash cloud
      498 22 Virgin, Qantas, Jetstar, Tiger suspend flights AFP [SYDNEY] Travel chaos from the Chile ash cloud spread to Western Australia on Wednesday with Virgin, Qantas and Jetstar suspending flights into and out of Perth. Several other international services from the city were also cancelled,
      AFP  -  498 words
    • Article
      Lock icon GE unit sees record jet-engine output
      457 22 Bloomberg [BOSTON] General Electric Co’s (GE) aviation unit expects record jet-engine production in the next 18 months as demand rises for more fuel-efficient aircraft. Crude oil hovering around US$100 a barrel is spurring purchases of the newest, most economical engines even as it crimps
      Bloomberg  -  457 words
    • Article
      Lock icon Qantas cancels, delays plane orders
      412 22 Bloomberg [MELBOURNE] Qantas Airways Ltd, Australia’s biggest carrier, has cancelled or delayed orders for 12 singleaisle planes as rising oil prices and job cuts sap demand for flights. The move will help reduce domestic capacity growth to 5.5 per cent in the year starting July
      Bloomberg  -  412 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3263 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 --SQ458 1415 EY473 1955 NH6369 1955 --VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820
      3,263 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      361 22 CRYPTIC CROSSWORD Across 1 Greek character’s in charge of booze for the party (8) 5 After dull work get a nervous disorder (6) 9 Soon is in church to turn into a saint (8) 10 It involves carting round a hamper? Easy task! (6) 12 Get-up could get you dismissed
      361 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3803 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    3,803 words
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      26 23 Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT *****327 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES
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  • SHIPPING
    • Article, Illustration
      Lock icon Singapore is first in Asia to ratify ILO seafarer rights
      719 24  -  The MLC 2006 sets out minimum standards and fair working conditions By GEORGE JOSEPH SINGAPORE has ratified what will become the first international Bill of Rights for seafarers. It is the first in Asia to commit to the provisions of
      BLOOMBERG FILE PHOTO  -  719 words
    • Article
      Lock icon China warships in the Pacific riling neighbours
      669 24 Vietnam, Philippines, Japan voice concern or complain formally NYT [QINGDAO] The photographs of Chinese warships speeding between Japanese islands in the Pacific for drills circulated quickly last week, raising what Japan’s defence minister called “serious concern”. Vietnam, with little forewarning, then began live-fire
      NYT  -  669 words
    • Article
      Lock icon Baltic index hits 3-week low on slow China demand
      398 24 [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in three weeks on Tuesday as slower iron ore sales to China and fleet growth hit sentiment. Brokers said cargo volume was
      398 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 24 SGX '000 Jun 15 S$ +/-Vol CH Offshore 0.45 0.02 2 Chuan Hup Hldg 0.24 -0.01 35 Cosco Corp 1.78 -0.03 ***** CWT Ltd 1.25 -0.02 685 Ezra Hldgs 1.40 -0.04 3850 First Ship Lea 0.38 unch 397 Freight Links 0.06 unch 787 Grand Banks unch unch 0
      278 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8348 25 Transaction date: Jun 15 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 15 8Telecom 15.5 15 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 -0.5 151 7.5 7.5
      8,348 words
    • Article
      Lock icon SGX CATALIST
      1533 26 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 5.5 4 t AA Grp 4 4 4.5 19 3.9 202 154 t APStrategic 161 132 160 95.5 1.5 0.5 t Advanced System 0.5
      1,533 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9887 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.08/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.72/ Aberdeen Asset Mgt Asia Limited American Opp 0.6294/ Asian Credit Fund
      9,887 words
    • Article
      Lock icon GLOBALQUOTE
      244 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 45.5 49 3.6 7.6 3.7 119.8 55 17 Genting HK US$ US35.5 -1.5 9941 37.5 35.5 35.5 36 2337.5 21 12 Over&Gen A15
      244 words
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      Lock icon SGX ETF
      879 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 115 118 538.6 1077 830 CIMBAsean40 100US$ US1036 +14 12 1036 1035 1015 1038 41.4 350 283 DBS STI
      879 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 14 Index Change Change Change Change Change Change World Index Preliminary 893.1 1.1 -0.5 0.7 -2.1 1.3 2.0 EAFE Preliminary 774.0 1.0 -3.4 0.8 -2.3 1.3 1.7 Europe Preliminary 1153.2 1.0
      374 words
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      Lock icon INTERBANK RATES
      178 27 Jun 15 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12
      178 words
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      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 15 S$ Bid Offer 1-month 1.2325 1.2335 2-months 1.2324 1.2335 3-months 1.2324 1.2334 6-months 1.2322 1.2332 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 Jun 15 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.357 1.281 Can dollar 1.294 1.245 Euro 1.81 1.741 Sterling pound 2.052 1.974 NZ dollar 1.035 0.986 US dollar 1.248 1.2 Local dollars to 100 units of foreign
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      Lock icon STOCK INDEX FUTURES
      27 27 Jun 15 Open High Sett STI Jun 3055 SIMSCI Jun 354.2 356.7 352.7 Taiwan Jun 311.1 313.3 309.5 Source: MF Global (S) Pte Ltd
      27 words
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      Lock icon PALM OIL
      65 27 Jun 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3269 3278 3280 3265 66 759 Jul 11 3265 3284 3300 3264 1308 7653 Aug 11 3256 3268 3285 3244 9685 ***** Sep 11 3253 3270
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      Lock icon SGX DERIVATIVES TRADING
      466 27 Jun 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6650 0 8691 Dec11 99.5900 0 3313 Mar12 99.5150 0 1577 Jun12 99.4000 0 1873 EUROYEN TIBOR FUTURES Sep11 99.6650 99.6650 99.6650 99.6650 0 1201 Dec11 99.6650 99.6650 99.6650 99.6675 0 1362 Mar12 99.6650 99.6650 99.6650
      466 words
    • Article
      Lock icon SICOM FUTURES
      149 27 Jun 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 58 Sep 11 310 Oct 11 186 Nov 11 490.0 490.0 490.0 3 180 Dec 11 490.3 490.3 490.3 1 251 Jan 12 164
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      Lock icon GOVERNMENT SECURITIES
      77 27 Jun 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 15.09.2011 0.33 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.12 5-Year N*****0W 1.125 01.04.2016 100.14 10-Year NX*****X 2.250 01.06.2021
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Jun 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1368.00 1385.75 1387.00 1353.50 Aug 11 1362.50 1377.50 1381.25 1348.50 Sep 11 1360.75 1375.25 1378.00 1345.75 Nov 11 1363.75 1376.75 1379.75 1347.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.85
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Jun 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 119.88 0.29 WTI (Near Mth) 99.20 2.14 Dubai (1-Mth F) 111.42 1.03 Tapis blend 125.82 1.21 Minas 121.92 1.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.11 -1.11 Jet Kerosene 132.25 0.30 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2564 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 10 3.33 8 AlliedTech W*****2 2 1 4 29 Asia Water Tech Ltd W*****8 3.5 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 27 Jun 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.935 0.745 8.331 47.852 91.471 0.862 11.591 3.244 1.312 91.953 46.562 1.319 7.262 0.908 30.875 32.624 0.654 1.070 Canada 0.966 6.697
      462 words
    • Article
      Lock icon SIBOR
      85 27 Jun 15 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      138 27 Jun 15 GOLD (US$/oz) Jun 15 Jun 14 Hong Kong 1522.50 1523.00 Jun 14 Jun 13 London 1521.70 1525.05 1522.45 1525.83 Source: Thomson Reuters CAST BAR Jun 15 (S$) Selling Buying Kilobar 64,901.92 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 61 5gm 413 303 10gm 737
      138 words
    • Article
      Lock icon LONDON METALS
      69 27 Jun 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2596.75 2559.75 3 months 2627.00 2590.00 Copper, Grade A (US$/tonne) Cash 9157.25 8896.25 3 months 9169.00 8912.00 Lead (US$/tonne) Cash 2567.00 2526.00 3 months 2580.00 2535.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3188 1.3202 1.0700 1.0703 Canadian dollar 1.2734 1.2751 1.0332 1.0337 Euro 1.7711 1.7728 1.4370 1.4372 NZ dollar 1.0047 1.0062 0.8152 0.8157 Sterling pound 2.0160 2.0180 1.6357 1.6360
      154 words
    • Article
      Lock icon LIFFE
      82 27 Jun 14 COCOA (£/tonne) Close Prev High/Low Jul 11 1849 1838 1870/1826 Sep 11 1846 1845 1866/1830 Dec 11 1871 1873 1889/1856 Mar 12 1894 1895 1910/1880 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2347 2423 2434/2330 Sep 11 2391 2471 2480/2372 Nov 11 2419 2497 2500/2400 Jan 12
      82 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon For Fujitsu, it’s a cloud with an SAP lining
      650 28  -  It thinks that with its data centre here and a cloud platform that just went live, an infrastructure service tuned for SAP will hit the sweet spot with customers in S’pore, reports VICTORIA HO IT seems vendors are doing their darnedest
      650 words
    • Article
      Lock icon Chinese, Tamil script website domain names usable now
      209 28  -  By VICTORIA HO BUSINESSES can now register their website domain addresses in Chinese or Tamil characters. This means, instead of having to romanise their addresses in the Latin alphabet, they can use Chinese or Tamil script. The national registry, the Singapore Network
      209 words
    • Article, Illustration
      Lock icon HP aims at quick delivery of cloud services
      801 28  -  IT giant feels its track record and skills set put it in a great position for its cloud push By AMIT ROY CHOUDHURY IN Singapore, organisations are at various stages of planning and executing their cloud strategies and Hewlett-Packard (HP) has the
      801 words
    • Article
      Lock icon No one’s ready to lead AMD’s comeback bid
      632 28 Those approached spurn firm’s offer to succeed fired CEO Bloomberg [SAN FRANCISCO] Advanced Micro Devices Inc (AMD) has approached at least three candidates to succeed ousted chief executive officer Dirk Meyer and been rebuffed, slowing the chipmaker’s effort at a turnaround. Oracle
      Bloomberg  -  632 words
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  • PROPERTY
    • Article, Illustration
      Lock icon JPMorgan sees potential in Spanish property
      350 29 Market to bottom out within a year, boosting investment opportunities, it says Bloomberg [MADRID] The Spanish property market will bottom out within 12 months, increasing the opportunities for investors, according to JPMorgan Chase Co. “There is still some way to go, given the large
      Bloomberg; AFP  -  350 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 16 WITH CONTRACT DATES BETWEEN MAY 18 AND MAY 24, 2011
      1589 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 24/05/2011 99 1227 4050 3301 Marina Bay Residences Apt
      1,589 words
    • Article, Illustration
      Lock icon Spain rejects plan to ease foreclosure rules
      484 29 Change would have benefited 300,000 homeowners Bloomberg [MADRID] Spain’s Parliament has rejected a proposal to ease a law on mortgage foreclosures in favour of as many as 300,000 homeowners who have lost their properties. The Galician National Block, or the BNG as the
      Bloomberg  -  484 words
    • Article, Illustration
      Lock icon Tech IPOs fuel Silicon Valley home demand
      1497 30 About 300 firms file share offers, and more than 10% are in California Bloomberg [SAN FRANCISCO] A surge in wealth from technology stock sales and initial public offerings is spilling into the Silicon Valley real estate market as newly rich workers bid up
      Bloomberg; AP  -  1,497 words
    • Article, Illustration
      Lock icon S&P cuts outlook for China developers to negative
      880 31 Tighter credit, more government curbs may lead to further downgrades in 2012 Bloomberg [SHANGHAI] Chinese developers’ outlook was cut to “negative” from “stable” by Standard Poor’s, which said tighter credit and further government curbs may lead to rating downgrades in the next
      Bloomberg; REUTERS  -  880 words
  • Page 29 Advertisements
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      35 29 Your Industrial Needs Our Industrial Expertise Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636 I savills.com AGENCY NO. L*****88B
      35 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      294 30 FOR SALE BY TENDER 20 White House Park Site area: approx. *****sf, total floor area: approx. *****sf. Tranquil, Prestigious n Exclusive enclave surrounded by lush greenery. Neighbouring Botanic Gardens, Dalvey n Nassim estates. State Title Tenure: Estate in Fee Simple. Within White House Park Good Class Bungalow area. Tender Closing
      294 words
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      184 31 KnightFrank.com.sg iz A ■^rriL 5* awtii m Skyline Residences Finally, a rare freehold residence will rise where the former Fairways Condo is. With breathtaking unobstructed views towards the Keppel Golf Club, Skyline Residences is set to become one of very few projects in the city that comes with good size
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      139 31 v Estate Agent Licence No. L*****36J Tranquil, hillside plot off Pasir Panjang Road Vista Park Land area 29,659.1 sq m (approx. 319,248 sq ft) ʻResidentialʼ with GPR 1.4 Next to Kent Ridge Park Rd Near NUS, CBD, RWS and Vivocity Near Pasir Panjang MRT (U/C) Well connected to West Coast
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      204 32 Should a legend like the LANGE 1 be reinvented? That's what makes it a legend. > V A■v VSA GLASHUTTE 2 5 VT V a M J V1QI fJJc oerm^ Nt> WOCH v y* Is j. .j U V*m£i ,i'i: •v r s e GLASHUTTE VSA TheLANGEl receivedsomanyhigh-rankingawards,inparticularforitsasymmetric is powered
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