The Business Times, 18 July 2012
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2012-07-18
1
20
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section25 2012-07-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, July 18, 201225 words
-
Article, Illustration64 2012-07-18 1 OCBC Bank’s former CEO David Conner and ST Engineering president and CEO Tan Pheng Hock sharing top honours in the best CEO category among large caps. The Singapore Corporate Awards, into its seventh year, recognises companies for distinguishing themselves in the fields of corporate governance andARTHUR LEE - 64 words
-
632 2012-07-18 1 EMILYN YAP - Reports suggest Bangkok-based TCC may be the mystery buyer By EMILYN YAP [SINGAPORE] Shares in Fraser and Neave (F&N) and its unit Asia Pacific Breweries (APB) surged yesterday, with Thai parties emerging as the potential buyers of stakes worth over $2.8 billion632 words
-
MARKETS DIGEST
-
Article110 2012-07-18 1 GST INDEX 3,014.80 (+16.05) GST INDEX FUTURES 3,013.00 (+17.00) GSIMSCI 346.81 (+1.36) GSIMSCI FUTURES 347.00 (+1.90) us$ s$ US$ (S$ per US$) 1.262 (US$/S$ per 1.564 1.974 EURO (US$/S$/E) 1.229 1.551 Foreign currency per US$ S$ YEN 79.00 62.60 RM 3.166 2.509 HK$ 7.756 6.146 BAHT 31.56 25.01 RUPIAH110 words
-
Article17 2012-07-18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.150 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
-
-
599 2012-07-18 1 TEH SHI NING - Volatile pharma pulled up numbers but looser monetary policy on the cards By TEH SHI NING [SINGAPORE] Surprisingly strong headline trade figures for June did little to quash talk of a technical recession, as exports’ underlying trend bore out the slowdown flagged599 words
-
Page 1 Advertisements
-
Advertisement12 2012-07-18 1 TRANSPORT HUB Parallel imports continue to dwindle PAGE 24 8 *****1 *****412 words
-
Advertisement43 2012-07-18 1 PROPERTY NTUC Income biggest investor in Parkway Parade PAGE 4 Read why Dr Eugen Loeffler, chief investment officer of Allianz Global Investors Asia Pacific, thinks the Asian bond market is looking very attractive for investors. Access the detailed report on BTInvest at www.btinvest.com.sg43 words
-
Advertisement96 2012-07-18 1 US ECONOMY Fed ready to act, says Bernanke PAGE 2 EXECUTIVE MONEY CMBS leverage most since 2007 PAGE 30 I andnowcompl^e i tssfffesztt S^&«voo m p.e.e d Hfera ni v -/.<• m?* r ■#k4^ ri»|r -v-. js yiSsCi". Star 1 '.,5 Vi. fcMfe "t: 4 ••*>:• W- I*"' v- 5i>,96 words
-
-
TOP STORIES
-
Article537 2012-07-18 2 Thai link adds fizz to F&N stake offer SHARES in Fraser and Neave and its unit Asia Pacific Breweries surged yesterday, with Thai parties emerging as the potential buyers of stakes worth over $2.8 billion in these two companies. Bloomberg, citing sources, said that TCC Group offered to537 words
-
950 2012-07-18 2 NEIL BEHRMANN - US Senate report also criticises bank regulator for ignoring problems By NEIL BEHRMANN in London A DAMNING 335-page US Senate report has castigated HSBC for failing to institute adequate controls and compliance against money laundering between 2004 and 2010. The report, which used950 words
-
587 2012-07-18 2 JOYCE HOOI - OCBC is the big Corporate Award winner this year By JOYCE HOOI [SINGAPORE] The spirit of corporate governance was alive and well at the Singapore Corporate Awards last night, as a fresh crop of champions were rewarded for their dedication587 words
-
489 2012-07-18 2 But his report to Senate Banking Committee does not indicate what steps AP AFP [WASHINGTON] The US economy has weakened and the Federal Reserve is ready to take further action to bolster growth if conditions do not improve, chairman Ben Bernanke told a congressionalAP; AFP - 489 words
-
Article, Illustration750 2012-07-18 4 VEN SREENIVASAN - Changi 2036 committee to unveil plans for third runway by year-end By VEN SREENIVASAN [SINGAPORE] Changi Airport is poised to grow and it is taking on board lessons from other top Asian airports as it plots its future. Plans for Changi’s third runway willFILE PHOTO - 750 words
-
413 2012-07-18 4 KALPANA RASHIWALA - It doubles its stake in fund to 46% from 22% previously By KALPANA RASHIWALA [SINGAPORE] NTUC Income Insurance Co-opera-tive has doubled its stake in a fund that owns a chunk of Parkway Parade in a deal that values the space at slightly413 words
-
475 2012-07-18 4 SAMUEL EE - By SAMUEL EE [SINGAPORE] Motor distributors expect passenger car premiums to “skyrocket” today in the first COE bidding exercise to take place after the new quota was unveiled last week. “Business was good last weekend,” said a director of a top luxury make. “Everyone475 words
-
-
Page 2 Advertisements
-
Advertisement301 2012-07-18 2 The platform for active traders. KE Trade PRO L... Lll Vk i if i Free Access for first 3 months* For 1st 300 new clients who sign up for KE Trade PRO Refer-a-Friend Programme A Enjoy 20% commission rebate S$100 Robinsons vouchers Attend Our Seminars Learn about the features of301 words
-
-
Page 3 Advertisements
-
Advertisement215 2012-07-18 3 The all-new BMW 6 Series Gran Coupe Sheer Driving Pleasure pml-bmw.com.sg r ZkSk mm I i y WN 6 Series Gran Coupe te f*K <95 <» jgWiS, r* v W ■-•••A;?-* W.i ,>;.•, y... v 'V*' f v r V 4,;-, v',: I?& "TT" V y "f— f* T'y 4'215 words
-
-
Page 4 Advertisements
-
Advertisement100 2012-07-18 4 5^ GO BEYOND RETAIL THERAPY AND DISCOVER THE BEAUTY OF TOTAL UUELLNESS FROM WITHIN. PARAGON Situated in Paragon, Paragon Medical houses over 60 world-class medical specialists to meet all of your healthcare needs. MEDICAL SERVICES: Aesthetics/Cosmetic Surgery Anti-ageing Cardiology Day Surgery Centre Dentistry/Orthodontics Dermatology Ear, Nose Throat (ENT) Fertility Centres100 words
-
-
Page 5 Advertisements
-
Advertisement399 2012-07-18 5 Enjoy a position oj van tage come what may Wherever life takes you, you can still have the upper hand. That's why we developed PRUCrisis Cover Vantage to supplement the PRUVantage suite of Wealth Management Products. As one of the market leaders in critical illness protection. Prudential is the first399 words
-
-
Page 6 Advertisements
-
Advertisement104 2012-07-18 6 ENERGY IS FINITE FOR SUSTAINABILITY, ONLY USE WHAT YOU NEED. PROJECT: ECO-OFFICE is an eco-outreach initiative by the Singapore Environment Council in partnership with City Developments Limited. It was launched in 2002 with the aim of cultivating eco-consciousness at the workplace. GET ECO-OFFICE NOWAND ENJOY COST SAVINGS! Your company can104 words
-
-
COMPANY NEWS
-
Article, Illustration629 2012-07-18 6 CONRAD TAN - It sells US$1.2b worth of 10.5-yr bonds and US$500m worth of 30-yr bonds By CONRAD TAN TEMASEK Holdings has sold US$1.7 billion worth of US dollar bonds in an offering that was heavily oversubscribed, allowing it to raise long-term funds at record-low interestUBS - 629 words
-
325 2012-07-18 6 LYNN KAN - By LYNN KAN KEPPEL Telecommunications Transportation (T&T) posted a 19.2 per cent year-on-year fall in net profit to $14.25 million for the second quarter ended June 30. The fall in earnings attributable to shareholders came despite a 21.9 rise325 words
-
Article, Illustration313 2012-07-18 6 MICHELLE TAN - Turnover for the period climbed 18.4% to $142m By MICHELLE TAN ASCENDAS Real Estate Investment Trust (A-Reit) appears off to a good start with a promising set of results for the first quarter ended June 30. Turnover for the period climbed 18.4 perFILE PHOTO - 313 words
-
497 2012-07-18 9 JAMIE LEE - It calls for distinction between them and shares with 2 types of voting rights By JAMIE LEE STAPLED securities are not like dual-class shares, in that all holders of stapled securities have equal voting rights, Singapore Exchange (SGX) said yesterday. In its regulator’s497 words
-
COMPANY BRIEFS
-
58 2012-07-18 9 [SINGAPORE] Singapore electronics firm Hi-P International said late on Monday that it will shut its Mexican subsidiary and report a loss for the second quarter ended June. Due to lower-than-expected orders from an existing customer, Hi-P’s revenue will be lower in the58 words
-
71 2012-07-18 9 CHINA Milk Products Group has been asked by the Singapore Exchange to make a cash exit offer following its failure to submit a listing resumption proposal by July 9. Provisional liquidators said they are unable to advise whether the group will be71 words
-
45 2012-07-18 9 FORELAND Fabrictech Holdings Limited has warned of a significantly lower net profit for the second quarter ended June 30, 2012, as compared to the previous year. In Q2 this year, the group saw a slowdown in the textile industry.45 words
-
-
Article278 2012-07-18 9 Pictet-Absl Rtn Glo Cons-P EUR 13.07.2012 EUR 105,04 Pictet-Absl Rtn Glo Div-P EUR 13.07.2012 EUR 118,49 Pictet-Asian Equities Ex Japan-P USD 13.07.2012 USD 155,13 Pictet-Asian Local Currency Debt-P USD 13.07.2012 USD 147,50 Pictet-Biotech-P USD 13.07.2012 USD 358,82 Pictet-Clean Energy-P USD 13.07.2012 USD 58,54 Pictet-Digital Communication-P USD 13.07.2012 USD 136,57278 words
-
402 2012-07-18 9 CARINE LEE - It’s also transferring 5% equity interest in unit to Qiang Hua By CARINE LEE NOVO Group Ltd is selling half of its stake in its indirect wholly owned subsidiary, Novo Development (Tianjin) Limited, to Tianjin Yida Investment Co Ltd402 words
-
279 2012-07-18 10 JASMINE NG - Shangdong-based firm offering 32.5m placement shares at 20 cents each By JASMINE NG SINCAP Group, a gypsum mining company in China’s Shangdong Province, has launched its initial public offering for a listing on the Catalist board of the Singapore Exchange. The company, which is279 words
-
Article, Illustration1135 2012-07-18 10 The US stock market hasn’t had many sports team listings Reuters MANCHESTER United may be one of the most supported sports teams in the world but that doesn’t mean the football club is going to find many investors withReuters; AP - 1,135 words
-
-
Page 7 Advertisements
-
Advertisement368 2012-07-18 7 Celebn Our appreciation to the 214 winners for their commitment to Workplace Safety and ffg m Health.To read their Winners of Workplace Safety and Health Awards stones, visit www.wshc.sg A A T AW* y: V A B *1 Mt rn' 'i, r *a I i v 1 -.T--** fc- m368 words
-
-
SINGAPORE MARKETS
-
Article, Illustration542 2012-07-18 8 R SIVANITHY - STI up 16.05 points at 3,014.80 in line with a 1.3% gain for Hang Seng Index and a mildly firm Europe opening STOCKS R SIVANITHY Senior Correspondent TRADERS appear to be betting on US Federal Reserve chairman Ben Bernanke announcing a third round of “quantitativeSource: Bloomberg - 542 words
-
Article186 2012-07-18 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 6 0 0 0 7 4 6 Manufacturing 50 43 46 5 6 12 55 49 58 Commerce 23 17 21 4 1 5 27 18 26 Tpt/Stor/Comms 13 14 11186 words
-
Article123 2012-07-18 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,940 17,940 59,015 59,015 Manufacturing 255,202 303,939 559,141 240,944 3,644 244,588 Commerce 193,169 14,633 207,802 114,970 552 115,522 Tpt/Stor/Comms 94,868 13,092 107,960 184,290 3,531 187,820 Finance 23,749 4,544 28,293 193,330 1,878 195,208 Construction 225,804 2,873123 words
-
Article111 2012-07-18 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.620 +0.015 CapitaLand 2.960 +0.020 CapitaMall 1.945 CityDev 11.550 +0.120 ComfortDelGro 1.630 +0.010 DBS Grp 14.220 -0.060 F&N 8.100 +0.200 GLP 2.210 +0.010 Genting SP 1.345 -0.015 Golden Agri 0.760 +0.035 HK Land 5.930 +0.040 JMH 52.990111 words
-
Article66 2012-07-18 8 Jul 17 VALUE CLOSE BT OB/OS 259.00 -70.00 BT CADI -*****.00 +33.00 BT 10-day MA -*****.00 +26.00 FTSE ST Mid Cap 701.41 +3.42 FTSE ST Small Cap 461.12 -0.45 FTSE ST All Share 730.10 +3.60 FTSE ST China Top 206.52 +1.41 FTSE ST China 229.03 +1.58 FTSE66 words
-
Article56 2012-07-18 8 VOLUME ElektromotiW*****0 923,498,000 Elektromotive 234,153,000 HLH Grp 164,830,000 Golden Agri 97,285,000 MDR 60,184,000 Genting SP 58,460,000 GSH Corp 52,797,000 Noble Grp 50,117,000 Equation 36,330,000 ChinaTaisan 34,938,000 VALUE($) SingTel 103,786,625 Genting SP 79,379,274 Golden Agri 72,937,530 OCBC Bk 61,749,830 DBS Grp 60,504,660 UOB 57,505,725 Noble Grp 55,669,315 Wilmar56 words
-
Article, Illustration955 2012-07-18 8 LYNN KAN - Compiled by LYNN KAN M1 Ltd July 17 close: $2.55 DMG PARTNERS RESEARCH, July 17 M1 surprised on the downside with H1 FY12 results that missed the street and our estimates, no thanks to the accounting treatment for Android handsets, which clobbered Ebitda margin. We cut our FY12/13Source: Bloomberg - 955 words
-
Article, Illustration482 2012-07-18 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies gained as regional stocks rose on speculation Federal Reserve chairman Ben S Bernanke was set to hint at further efforts to boost the US economy yesterday, such as a third round of quantitative easing. Malaysia’s ringgit rose theBloomberg; BLOOMBERG FILE PHOTO - 482 words
-
Article110 2012-07-18 8 BY CENTS CLOSE UP Asia Pac Brew 3700 231.0 6.7 GLD 10US$ ***** 114.8 0.6 JMH 5299 114.8 1.7 Jardine C&C 4706 106.0 2.3 Great Eastern 1359 57.0 4.4 Lyxor China H 10US$ 1239 46.7 3.1 DBXT MSAsExJp 10US$ 2905 42.9 1.2 Lyxor AsiaRE 10US$ 858 40.4 3.9 DBXT110 words
-
Article134 2012-07-18 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9661 -60.6 -0.5 DBXT MSJAP 10US$ 3473 -45.4 -1.0 OCBC Bk 4.5%NCPS 100 ***** -20.0 -0.2 DBXT S&P Short 10US$ 3749 -18.9 -0.4 UOB 5.05%NCPS 100 ***** -13.0 -0.1 DBXT MSINDIA 10US$ 770 -12.6 -1.3 DBS Bk 4.7% NCPS 100 ***** -10.0134 words
-
-
Page 9 Advertisements
-
Advertisement14 2012-07-18 9 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices14 words
-
Advertisement24 2012-07-18 9 For Rent Immediate Prime CBD 8,000 sqfl Short Long Term Fully Fitted Renovated Fully Furnished. 24 Hrs Aire on Owner- 9631 6939 ARB Investment24 words
-
Advertisement178 2012-07-18 9 www.iesingapore.com/asbf AFRICA SINGAPORE BUSINESS FORUM Two economies One mission Promoting trade and investment between Africa and Singapore. Oil Gas Retail Consumer Goods Shipping Logistics Distribution Where Singapore O Information Communications Technology Manufacturing Urban Planning Solutions Infrastructure Development Education O Financing Corporate Social Responsibility Returning for the second year, the African178 words
-
-
Page 10 Advertisements
-
Advertisement272 2012-07-18 10 tMJ $5 Million Great Singapore Sale Draw Fri, 20 lul 2012,0.30pm Visit www.singaporepools.com.sg for details. Ip A, Yri) Always play with care. [responsibly! Do not bet illegally. RGB Reg No; *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS B -Tap w ■m AVAILABLE ON EVERY SATURDAY SUNDAY AND PUBLIC HOLIDAY272 words
-
-
SINGAPORE NEWS
-
Article, Illustration460 2012-07-18 11 KENNETH FOO - Singaporeans now more negative on economy and restraining spending By KENNETH FOO CONSUMER confidence here has fallen in the second quarter this year, amid growing fears of an economic recession, a Nielsen survey showed. The Nielsen Global Consumer Confidence Index for Singapore dropped twoSource: The Nielsen Global Survey of Consumer Confidence and Spending Intentions, Q2 2012 - 460 words
-
Article, Illustration382 2012-07-18 11 NISHA RAMCHANDANI - Highest jump from India, China; total visitors rise 15% By NISHA RAMCHANDANI SINGAPORE attracted nearly 3.6 million visitors in the first quarter of this year, up 15 per cent from the corresponding quarter last year, while tourism receipts climbed 8 per cent to $5.8ST FILE PHOTO - 382 words
-
Article, Illustration305 2012-07-18 11 FELDA CHAY - By FELDA CHAY SOPHIA Mansions, a 19unit development at Mount Sophia, was sold to RoxyPacific Holdings Limited for $43.3 million. Owners of two-bedroom apartments at the development stand to receive gross sales proceeds of between $1.8 million and $2 million, while those whoFILE PHOTO - 305 words
-
260 2012-07-18 11 FELDA CHAY - By FELDA CHAY HAUS@SERANGOON Garden, an environmentally friendly project by City Developments Ltd (CDL) and Hong Realty, was popular among homebuyers over the weekend, with 28 of the 40 terrace houses on offer at the preview sold. Prices start from $2.4 million for an intermediate260 words
-
SINGAPORE ROUNDUP
-
111 2012-07-18 11 THREE guests injured in a fire that engulfed East Village Hotel on Monday morning have been discharged from hospital, said hotel owner Far East Organization. The three were discharged from the Singapore General Hospital (SGH) yesterday afternoon after being treated for smoke inhalation. All111 words
-
109 2012-07-18 11 THE chief scientist of the Agency for Science, Technology and Research (A*Star), David Lane, has been named the recipient of this year’s Cancer Research UK Lifetime Achievement Award. The award recognises his contribution to research that led to the discovery of the p53, often109 words
-
95 2012-07-18 11 OCBC Securities Private Limited has announced its new Quality-Priced Loan feature, which offers tiered interest rates for financing the purchase of over 2,500 listed securities in multiple currencies. It is the first brokerage to offer the service here, and will provide USD, HKD, AUD, and95 words
-
-
470 2012-07-18 11 NISHA RAMCHANDANI - Largest shareholder in low-cost brand is Tony Fernandes By NISHA RAMCHANDANI RED Planet Hotels, a major franchisee of low-cost hospitality brand Tune Hotels, is taking a 16.05 per cent stake in its franchisor as it seeks to ride on the brand’s international470 words
-
375 2012-07-18 11 VICTORIA HO - By VICTORIA HO ONLINE advertising revenue crossed the $100 million mark last year, according to the Interactive Advertising Bureau (IAB). Total online ad spend was $135.9 million in 2011, the first time exceeding $100 million since the trade association set out to375 words
-
-
Page 11 Advertisements
-
Advertisement17 2012-07-18 11 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements AT3 NOTICES17 words
-
-
ECONOMY WATCH
-
825 2012-07-18 12 Number of gambling addicts on the rise in a time of severe recession Reuters [ROME] Italy is now Europe’s biggest gambling market and one of the biggest in the world, undermining consumer spending in the eurozone’s third-larg-est economy at a timeReuters - 825 words
-
Article, Illustration372 2012-07-18 12 Goldman, Deutsche Bank economists cut growth forecasts Bloomberg [SINGAPORE] Pacific Investment Management Co’s (Pimco) Bill Gross said the US is approaching a recession as economists at Goldman Sachs Group Inc and Deutsche Bank AG lowered their forecasts for growth. Goldman Sachs analystsBloomberg; BLOOMBERG - 372 words
-
-
Page 12 Advertisements
-
Advertisement257 2012-07-18 12 Phillip Futures Your Trusted Trading Partner 28 Years for the Past 2008 2011 and more... 1987 1993 1994 1999 2001 2002 2003 2007 1983-1986 Phillip Futures offers: 24-hour broking and execution services Gateway to more than 17 exchanges globally Large selection of global futures, options, FOREX, commodities and precious metal257 words
-
Advertisement456 2012-07-18 12 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2012 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the second quarter and half year456 words
-
-
MALAYSIA
-
Article, Illustration373 2012-07-18 13 Case involves land deal in Sarawak that saddled company with RM100m loss AFP [KUALA LUMPUR] The former head of Malaysian plantation giant Sime Darby appeared in court yesterday over a land deal that saddled the state-control-led firm with US$30 million inAFP; BLOOMBERG - 373 words
-
333 2012-07-18 13 [PUTRAJAYA] Malaysia’s first-generation independent power producers (IPPs), whose licences to operate will expire from 2016, will know whether they can carry on with their businesses or not by September this year, according to the Energy Commission’s chief executive officer. In an interview333 words
-
269 2012-07-18 13 Bloomberg [KUALA LUMPUR] Malaysia’s domestic consumption and government spending will support growth as overseas demand eases, the Malaysian Institute of Economic Research said, adding pressure on Prime Minister Najib Razak to bolster the economy as the global recovery falters. South-east Asia’s thirdlargest economyBloomberg - 269 words
-
388 2012-07-18 13 PAULINE NG - Better prospects if buyer is in beverage/ food line: analysts By PAULINE NG in Kuala Lumpur FRASER Neave Holdings rose 38 sen or 2.1 per cent yesterday in anticipation that an ownership change at the parent level would boost its prospects. The Malaysian unit388 words
-
-
Page 13 Advertisements
-
Advertisement240 2012-07-18 13 City Shanghai Ascott Huai Hai Road Shanghai I 1 Jpir I Georgia Germany Indonesia Japan Korea, South Malaysia Oman Philippines Bordeaux Brussels Cannes Chennai Chongqing Dalian Doha Dubai Frankfurt Guangzhou Hai Phong City Hamburg Singapore Spain Thailand United Arab Emirates United Kingdom Vietnam Hanoi Ho Chi Minh City Hobart Hong240 words
-
-
GREATER CHINA/INDIA
-
594 2012-07-18 14 Washington, Beijing to start cooperating on infrastructure construction: NDRC Bloomberg [BEIJING] Foreign direct investment (FDI) in China dropped 6.9 per cent in June from a year earlier, the government said yesterday as it signalled extra efforts to draw capital from abroadBloomberg - 594 words
-
602 2012-07-18 14 Bloomberg [BEIJING] China’s railway infrastructure investment may double in the second half of this year from the first six months, aiding efforts to reverse a slowdown in the world’s second-big-gest economy. Full-year spending will be 448.3 billion yuan (S$89 billion), according toBloomberg - 602 words
-
314 2012-07-18 14 Reuters [BEIJING] China must cut its dependence on bank credit alone to drive economic growth and be wary of the risk of a rebound in bad debt, a banking regulator said in remarks published yesterday. Yan Qingmin, assistant chairman of the China BankingReuters - 314 words
-
Article, Illustration703 2012-07-18 14 MALMINDERJIT SINGH - Business groups say he will move to attract investment By MALMINDERJIT SINGH [SINGAPORE] Indian Prime Minister Manmohan Singh has given his country’s economy a shot in the arm by taking over the top finance job, according to the country’s corporate elite. IndiaAFP - 703 words
-
-
Page 14 Advertisements
-
Advertisement933 2012-07-18 14 Toll free 1800-289-8822 Email notices@sph.com,sg www.cats.com.sg/notices Head Office: Star House, C-5 G Block, Bandra Kurla Complex, Bandra (East), Mumbai- *****1, India. Singapore: The Corporate Office, 138 Robinson Rd, #01-01,02-01,03-01, Singapore *****6 i Bank of India Cations hip Beyond Banking FINANCIAL STATEMENTS AS AT 31 ST MARCH 2012 BALANCE SHEET 4.933 words
-
-
WORLD
-
495 2012-07-18 15 Core CPI up 0.2% for fourth straight month; industrial production up 0.4% LATEST US DATA Reuters Bloomberg [WASHINGTON] US consumer prices were flat in June while industrial production for the same period was up. June’s consumer price index (CPI) was in line with economists’Reuters; Bloomberg - 495 words
-
413 2012-07-18 15 AFP [BRUSSELS] The European Commission threatened Microsoft with another big fine yesterday after the US software giant failed to give 28 million European customers the ability to choose their Web browser. Microsoft immediately apologised for the “technical error” after 28 millionAFP - 413 words
-
240 2012-07-18 15 Bloomberg [LONDON] British inflation unexpectedly fell to its lowest rate in 21/2 years last month as clothing prices plunged, helping to vindicate the central bank’s increase in emergency stimulus. Consumer prices rose 2.4 per cent from a year earlier, the least since November 2009Bloomberg - 240 words
-
358 2012-07-18 15 Reuters Bloomberg [NEW YORK] Goldman Sachs Group reported quarterly earnings fell 12 per cent as it lost money on an investment in a Chinese bank and other equities, spurring the bank to launch a new round of cost-cut-ting. Investment banking revenue also dropped as equity underwritingReuters; Bloomberg - 358 words
-
Article, Illustration674 2012-07-18 16 Former Google exec faces challenge of resuscitating a moribund company NYT [SAN FRANCISCO] It is as if there is a revolving door to the executive suite at Yahoo. So many have filed in and out: Terry Semel, Jerry Yang,NYT; REUTERS - 674 words
-
484 2012-07-18 16 50 companies from healthcare to food, sports could benefit Reuters [LONDON] The fight against obesity will be a major investment trend for the next 25-50 years, a report by Bank of America/Merrill Lynch said yesterday, listing 50 companies in areas fromReuters - 484 words
-
Article, Illustration237 2012-07-18 16 AFP [MANILA] Philippine property firm Empire East yesterday confirmed it would invest more than US$1 billion in a joint venture with Japanese gambling tycoon Kazuo Okada. Empire East said in a disclosure to the stock exchange thatAFP - 237 words
-
492 2012-07-18 16 Reuters [SEOUL] South Korea’s an-ti-trust agency is investigating at least six local brokerages on suspicion of collusion in setting three-month certificate of deposit rates, which are used for a wide range of financial transactions, company officials and sources said yesterday. “At some securitiesReuters - 492 words
-
452 2012-07-18 16 Reuters [SAO PAULO] The increasing prices that private equity firms are paying for acquisitions in Brazil are a consequence of the nation’s long-term economic potential and its growing appeal relative to rivals such as China or India, an industry executive said on Monday. DecliningReuters - 452 words
-
210 2012-07-18 16 Reuters [NEW YORK] Goldman Sachs is building an inhouse private bank to serve wealthy customers around the world as part of a cautious strategy to reshape its business, the Wall Street Journal reported yesterday. The banking push, which has not been previously disclosed, will giveReuters - 210 words
-
Article, Illustration461 2012-07-18 18 ANTHONY ROWLEY - But strong investor demand for currency likely to increase upward pressure By ANTHONY ROWLEY in Tokyo FEARING increased inflows of flight capital into the yen already labelled “moderately overvalued” by the IMF Japanese authorities are stepping up their threats to461 words
-
Article, Illustration580 2012-07-18 18 LEE U-WEN - By LEE U-WEN [SINGAPORE] Manchester United retained its status as the world’s most valuable sports team as the English football giants once again topped an annual top 50 list released by Forbes magazine yesterday. The record 19-time English league winners, which is preparing580 words
-
Article, Illustration525 2012-07-18 18 Manager says cause was a pulmonary embolism OBITUARIES NYT [NEW YORK] Jon Lord, the keyboardist of the pioneering British hard-rock band Deep Purple, died on Monday in London. He was 71. The cause was a pulmonary embolism, said his manager, Bruce Payne. Lord announcedNYT; AFP - 525 words
-
468 2012-07-18 18 Reuters [HONG KONG] UBS has extended for up to two years a unique deal to protect its top Australian bankers’ bonus pool to keep head-hunt-ers at bay and remain the dominant force in the local investment banking sector, two sources with direct knowledgeReuters - 468 words
-
509 2012-07-18 18 Bloomberg [NEW YORK] Barton Biggs, the money manager whose attention to emerging markets during a 30-year career at Morgan Stanley made him one of the first global investment strategists, has died. He was 79. Mr Biggs died on Saturday, Morgan Stanley chairman and chiefBloomberg - 509 words
-
-
Page 15 Advertisements
-
Advertisement6 2012-07-18 15 Media Partners Strategic Partners Corporate Partners6 words
-
Advertisement30 2012-07-18 15 JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy. Sell, or Rent30 words
-
-
Page 16 Advertisements
-
Advertisement381 2012-07-18 16 ZAGRO ASIA LIMITED (Registration No. *****6784D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Zagro Asia Limited (the “Company”) will be held at Zagro Global Hub, 5 Woodlands Terrace, Singapore *****0 on 1 August 2012 at 11:00381 words
-
-
Page 17 Advertisements
-
Advertisement91 2012-07-18 17 Congratulations MR ONG PANG AIK(BBM) Chairman Managing Directorof LIAN BENG GROUP LTD for being awarded the BEST CHIEF EXECUTIVE OFFICER AWARD (Market capitalisation of less than $300 million) at the SINGAPORE CORPORATE AWARDS 2012 Dr John Chen Michael Cheng K.K. Fong(PBM) Foo Der Rong Derek Goh(BBM) Ko Chuan Aun T.C.91 words
-
-
Page 18 Advertisements
-
Advertisement1362 2012-07-18 18 WATS NOTICES ROARING INVESTMENTS PTE. LTD. (Company Registration Number: *****2741D) (Incorporated in the Republic of Singapore) NOTICE OF PROPOSED AMALGAMATION OF ROARING INVESTMENTS PTE. LTD. WITH CHAMPION WEALTH INVESTMENTS PTE. LTD. ISSUED PURSUANT TO SECTION 215C(5)(b) OF THE COMPANIES ACT (CHAPTER 50 OF SINGAPORE) Pursuant to Section 215C(5)(b) of the1,362 words
-
-
Page 19 Advertisements
-
Advertisement151 2012-07-18 19 PLEASURES “I enjoy more rewards and benef its by paying my subscr i pt ion direct l y t o SP H.” “Subscr i bing t o Straits Times (S T Pr int to (ST) O n l ine and Mobile packages br ings me wonder ful gifts.” Sure-GetGiftswithanySubscriptionPackage forAll-in-OnePackagesSpecialBuy151 words
-
-
EDITORIAL & OPINION
-
491 2012-07-18 20 EDITORIAL IN both tone and substance, the latest update to the International Monetary Fund’s (IMF) World Economic Outlook and Global Financial Stability Report, which were released this week, sends a sobering if not startling message: unless policymakers act fast and decisively, the global economy491 words
-
Article, Illustration761 2012-07-18 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 ONCE again, the Roman Catholic Church is in conflict with the Communist Party of China, with the newly ordained auxiliary bishop of Shanghai761 words
-
Article, Illustration923 2012-07-18 20 WILLIAM PESEK - Disappointing data and interest rate cuts show that the region is not entirely healthy WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg THE lesson from recent economic data and policy moves in Asia isBloomberg; REUTERS - 923 words
-
Article, Illustration1549 2012-07-18 21 AMIT ROY CHOUDHURY - Iowa’s Dubuque and Brazil’s Rio show that IT can help cities to become more responsive to their citizens’ needs AMIT ROY CHOUDHURY Technology Editor ONE would assume that the challenges faced by the mayor of a city of seven million in a developingIBM - 1,549 words
-
Article, Illustration673 2012-07-18 21 VASUNDHARA PRADEEP - By VASUNDHARA PRADEEP The author is head of prime consulting, Asia-Pacific, Credit Suisse SUCCESSFUL hedge fund launches in Asia are bigger and rarer than they used to be. According to AsiaHedge, there were 116 Asian hedge fund launches in 2007, with an averageBLOOMBERG - 673 words
-
-
TransportHUB
-
Article, Illustration776 2012-07-18 22 DAVID HUGHES - Latest Maritime Employment Review shows that despite price rises and weak market, salaries across sector continue to rise STRAIT TALK By DAVID HUGHES THE International Chamber of Shipping (ICS) has just submitted comments to the Panama Canal Authority in response to the latter’s publicAP - 776 words
-
Article, Illustration338 2012-07-18 22 Govt can follow Japan in providing guarantees: Cosco Reuters [BEIJING] China’s government can follow Japan’s example and provide insurance guarantees for Chinese tankers carrying Iranian oil amid Western sanctions on Iran, top shipping conglomerate Cosco Group said yesterday. A European Union (EU) oilReuters - 338 words
-
795 2012-07-18 22 Bloomberg [LONDON] Teekay Corp, the biggest operator of Aframax crude tankers, is poised to return to profit after three years of losses as record Russian oil exports by sea boost charter rates to the highest since 2008. Shipments from the newBloomberg - 795 words
-
247 2012-07-18 22 Reuters [LONDON] Tougher action by international navies and the use of private armed guards on ships have more than halved the number of Somali pirate attacks, the International Maritime Bureau (IMB) said on Monday. Last year, Somali piracy in the busy shippingReuters - 247 words
-
Article254 2012-07-18 22 SGX '000 Jul 17 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.23 unch 155 Cosco Corp 1.01 0.01 5037 Ezra Hldgs 1.05 0.03 6237 First Ship Lea 0.17 unch 426 Freight Links 0.07 unch 1507 Grand Banks unch unch 0 Jaya Hold Ltd 0.57 unch254 words
-
-
Page 22 Advertisements
-
Advertisement80 2012-07-18 22 riS SE AWA 1 •'-A^ HEMPASIL X3 Multiple awardwinning fuel-saving technology Guaranteed to save ship-owners money on fuel, HEMPASIL X3 is the world’s most advanced fouling release system. It uses HEMPEL’s unique hydrogel technology for unparalleled antifouling capability. Recognised as a major fuel-saving breakthrough for the maritime industry, HEMPASIL X380 words
-
-
TRANSPORT HUB: AVIATION
-
478 2012-07-18 23 VEN SREENIVASAN - Confidence highest since Jan 2011 with cheaper fuel, good passenger figures By VEN SREENIVASAN AIRLINE business confidence has risen to its highest levels since January 2011 as fuel prices have retreated and passenger numbers remain robust. A July 2012 survey478 words
-
Article, Illustration366 2012-07-18 23 Bloomberg [WASHINGTON] The Pentagon’s long-running negotiations with Lockheed Martin Corp over the next F-35 production contract may wrap up soon, the military’s top weapons buyer said. “We’ve gotten a lot closer, and I’m hopeful we’ll have a settlement before tooBloomberg; REUTERS - 366 words
-
345 2012-07-18 23 AP [MINNEAPOLIS] Delta Air Lines and the FBI are trying to figure out how needles got into turkey sandwiches served aboard four flights from Amsterdam. One passenger was injured. The airline said that what appear to be sewing needles were found in fiveAP - 345 words
-
462 2012-07-18 23 Canadian airlines doing fine but approach with caution Reuters [TORONTO] Lower fuel prices and tight capacity have lifted the near-term profit outlook for Canada’s airlines, but investors looking to buy into the sector will still need an appetite for risk and the ability to stomach turbulence. While conditions appear clearReuters - 462 words
-
Article, Illustration452 2012-07-18 23 Deal would hurt jobs and risk national security, says union Bloomberg [CHICAGO] Hawker Beechcraft Inc, the bankrupt busi-ness-jet maker, shouldn’t be sold to a buyer owned by the Chinese government because the deal would endanger jobs and national security, a US judgeBloomberg; AP - 452 words
-
289 2012-07-18 23 Bloomberg [LONDON] Ryanair Holdings plc, Europe’s biggest discount airline, asked a UK appeals court to block an antitrust regulator’s “unlawful” investigation of its 30 per cent stake in Irish competitor Aer Lingus Group plc. The airline, which startedBloomberg - 289 words
-
-
Page 23 Advertisements
-
Advertisement31 2012-07-18 23 fc 'S' tk Lianhe Zaobao Rowover “uglypageant” inChongqing highlights the state of beauty pageant economy To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg31 words
-
-
Page 23 Miscellaneous
-
Miscellaneous347 2012-07-18 23 CRYPTIC CROSSWORD Across 1 Local gusher as representative of village interests? (6,4) 6 Container of drink at back of yard (4) 9 Show contempt for our monarch? Something bad, mischief (10) 10 Animal showing courage having lost energy (4) 12 Abhor look given by unbelievers, not half (6) 13 Maid347 words
-
-
TRANSPORT HUB: LAND
-
Article, Illustration473 2012-07-18 24 SAMUEL EE - PI sales accounted for 5.4% of the total 14,666 new cars registered in H1 By SAMUEL EE THE number of parallel imported cars continues to dwindle amid the COE supply crunch, with total registrations of 789 units in the first half of 2012, or a473 words
-
Article, Illustration592 2012-07-18 24 Registrations fall 6.3% in the first six months of 2012 Bloomberg [STOCKHOLM] Renault SA, Fiat SpA and PSA Peugeot Citroen dragged down firsthalf European car sales as the sovereign debt crisis and unemployment in the region discouraged consumers from making large purchases. Registrations fellBloomberg; AFP - 592 words
-
438 2012-07-18 24 Bloomberg [LOS ANGELES] Honda Motor Co and Toyota Motor Corp’s North American plants, stalled by parts shortages a year ago, are leading an industrywide assembly surge buoying cities from the Midwest to the deep South amid a languid US economy. In Tupelo, Mississippi,Bloomberg - 438 words
-
-
Page 24 Advertisements
-
Advertisement856 2012-07-18 24 THE POWER OF EFFECTIVE BRANDING, SELLING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Tuesday, 24 July,856 words
-
-
SINGAPORE STOCKS
-
Article2761 2012-07-18 25 Transaction date: Jul 17 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 Last Vol Day Last Quote Div Gr Yld 131.5 92.5 AIMSAMPIReit 131.5 +1 456 131.5 130 131 131.52,761 words
-
Article190 2012-07-18 26 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 Last Vol 4.6 1.3 t Advanced System 1.9 unch 2033 1.9 1.9 1.9 2 25.2 Last Quote Div Gr Yld Net M190 words
-
Article8223 2012-07-18 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncTCIA!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM local Ccy Bond 0 9512/8,223 words
-
Article188 2012-07-18 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 $mil 46 25.5 Genting HK US$ US32 +0.5 1981 32 31.5 31.5 32 2107 Vol 220 168 TanChongInt HK208 202 208 4.3 3.4 7 4188.9 STOCK PRICES LEGEND:188 words
-
Article979 2012-07-18 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 $mil 130 113 ABF SG Bond ETF 120.6 20 120.6 120.6 120.6 122 550.5 122.4 122.2 CIMB APAC Div 100S$D 122.2 126.9 127.8 103 95.8 CIMB APAC979 words
-
-
FINANCE & COMMODITIES
-
Article641 2012-07-18 27 Jul 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8740.98 8808.87 8711.73 Sep12 8740.00 8810.00 8685.00 8740.00 ***** *****9 Dec12 8680.00 0 9028 MSCI TAIWAN INDEX FUTURES SPOT 249.74 252.06 249.13 Jul12 248.40 251.50 247.60 250.50 ***** *****6 Aug12 244.80 248.40 244.80 247.70641 words
-
373 2012-07-18 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 16 Index Change Change Change Change Change Change World Preliminary 868.8 -0.1 4.7 0.0 1.1 0.0 3.7 EAFE Preliminary 696.5 0.1 2.1 0.3 -2.8 0.3 -0.4 Europe Preliminary 1044.8 0.0 1.8373 words
-
Article, Illustration149 2012-07-18 27 As on 16 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1594.30 1577.20 1591.70 617 INDIA GOLD (E-GOLD) FUT AUG2012 532.45 527.15 529.15 959 GOLD FUT OCT2012 1585.90 1585.80 1594.00 3 CURRENCY EUR-USD FUT SEP2012 1.2274 1.2186 1.2297 4096149 words
-
Article107 2012-07-18 27 Jul 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1633.75 1642.00 1636.00 1610.00 Aug 12 1609.50 1594.75 1613.50 1583.50 Sep 12 1590.50 1569.50 1598.50 1568.00 Nov 12 1586.25 1552.50 1593.25 1564.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 54.65107 words
-
Article70 2012-07-18 27 CRUDE OIL PRODUCTS Jul 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.95 1.44 WTI (Near Mth) 88.27 1.07 Dubai (1-Mth F) 98.77 0.46 Tapis blend 102.62 1.10 Minas 106.22 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.67 0.11 Jet Kerosene 116.77 0.85 US$/barrel OpecOil Basket70 words
-
Article22 2012-07-18 27 Jul 17 S$ Bid Offer 1-month 1.2618 1.2623 2-months 1.2616 1.2622 3-months 1.2613 1.2619 6-months 1.2599 1.2605 Source: OCBC22 words
-
Article65 2012-07-18 27 Jul 16 16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1885.75 1877.50 3 months 1917.50 1910.00 Copper, Grade A(US$/tonne) Cash 7695.00 7709.00 3 months 7683.00 7700.00 Lead(US$/tonne) Cash 1889.25 1870.75 3 months 1900.00 1880.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.50 3 months65 words
-
Article79 2012-07-18 27 Jul 16 COCOA (£/tonne) Close Prev High/Low Jul 12 1518 1540 1550/1525 Sep 12 1502 1529 1538/1499 Dec 12 1504 1526 1532/1501 Mar 13 1492 1512 1519/1488 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2088 2062 2070/2070 Sep 12 2089 2063 2093/2051 Nov 12 2083 2068 2093/2059 Jan 13 206379 words
-
1138 2012-07-18 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 4 1 146 384 7.75 22 Conv Ratio Baker Technology Ltd W*****6 0.8 1 32 9 37.50 4 Price Best World Intl Ltd W*****5 0.6 1 30 851,138 words
-
Article470 2012-07-18 27 Jul 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.560 0.837 7.983 56.720 97.470 0.813 11.767 3.259 1.288 97.156 42.948 1.299 8.425 1.006 30.852 32.490 0.658 1.029 Canada 0.958 6.284470 words
-
Article60 2012-07-18 27 Jul 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates60 words
-
Article135 2012-07-18 27 Jul 17 GOLD(US$/oz) Jul 16 Jul 17 Hong Kong 1593.90 1600.00 Jul 17 Jul 13 Jul 16 London 1591.46 1594.00 1592.23 1594.90 Source: Thomson Reuters CAST BAR Jul 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 155 65 5gm 441 323 10gm135 words
-
Article90 2012-07-18 27 Jul 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18-Oct-12 0.25 6-Month BS*****F 10-Jan-13 0.25 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.13 5-Year N*****0Z 2.375 01-Apr-17 109.2790 words
-
Article57 2012-07-18 27 Jul 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 3106.0 3100.0 3106.0 3052.0 640 7221 Sep 12 3108.0 3114.0 3117.0 3053.0 3567 ***** Oct 12 3117.0 3122.0 3130.0 3061.0 ***** ***** Nov 12 3120.0 3126.057 words
-
Article154 2012-07-18 27 Jul 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2986 1.2994 1.0292 1.0294 Canadian dollar 1.2440 1.2447 0.9861 0.9859 Euro 1.5506 1.5516 1.2289 1.2292 NZ dollar 1.0082 1.0091 0.7990 0.7994 Sterling pound 1.9733 1.9744 1.5639 1.5641154 words
-
Article121 2012-07-18 27 As at 9am Jul 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.263 Can dollar 1.274 1.214 Euro 1.586 1.511 Sterling pound 2.013 1.936 NZ dollar 1.035 0.986 US dollar 1.282 1.233 Local dollars to 100 units of foreign121 words
-
Article160 2012-07-18 27 Jul 17 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12160 words
-
-
3488 2012-07-18 28 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN3,488 words
-
Page 28 Advertisements
-
Advertisement49 2012-07-18 28 Experienced sh;p maintenance services wanted. Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times49 words
-
-
Page 29 Advertisements
-
Advertisement205 2012-07-18 29 TO ADVERTISE IN .THE BUSINESS TIMES IIIL UUJII1LJJ IIIVILJ Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award WinSj205 words
-
-
executive Money
-
1095 2012-07-18 30 SARAH MULHOLLAND - Loans bundled into bonds to meet demand from investors seeking high yields amid low interest rates, reports SARAH MULHOLLAND reportsSARAH SARAH MULHOLLAND Bloomberg LANDLORDS are piling the most debt onto commercial properties in five years as Wall Street banks bundle the loans into bondsBloomberg - 1,095 words
-
1170 2012-07-18 31 MIKE DORNING - But the US needs to address long-term fiscal imbalances, reports MIKE DORNING reportsMIKE MIKE DORNING Bloomberg WHEN Standard Poor’s downgraded the credit rating of the US government in August last year, predictions of serious fallout soon followed. Republican presidential candidate Mitt Romney describedBloomberg - 1,170 words
-
Article, Illustration1204 2012-07-18 32 Damning US Senate report provides a rare look at how the bank responded when confronted with cases of suspect money flows Reuters A “PERVASIVELY polluted” culture at HSBC Holdings plc allowed the bank to act as financier to clients seeking to route shadowy funds from theReuters; REUTERS - 1,204 words
-
Article, Illustration1225 2012-07-18 33 reportsLANDON THOMAS JR - Greed, risk-taking turning financial industry into less of a gentlemen’s club and more like Wall Street, reports LANDON THOMAS JR reportsLANDON reportsLANDON THOMAS JR NYT LONG renowned as the centre of global money flows, deal making and above all discretion, London’s financial centre has becomeNYT; BLOOMBERG - 1,225 words
-
Article, Illustration1105 2012-07-18 34 Patrick Yau - The global environment continues to post challenges going forward. In this three-part weekly series, Citi's experts offer their views on the outlook for Singapore amid economic and market developments around the world. This second feature looks at the performance of Singapore's equity market1,105 words
-
-
Page 30 Advertisements
-
Advertisement282 2012-07-18 30 DON’T TRADE ON EMPTY. TRADE MT4 WITH GFT. Our latest MetaTrader4 platform is our most advanced yet. Unlike most standard MT4 platforms, ours is packed full of innovative trading tools to give you more power and more flexibility. Combine this intuitive interface with our exceptional pricing, outstanding execution and unrivalled282 words
-
Advertisement49 2012-07-18 30 One Afternoon. I HAVE GOT A WHOLE STACK OF MATERIALS FOR MV STOCK ANALYSIS BS ITION "«MC| 05 fj I YOU SHOULD SWITCH TO USING I ONLINE RESOURCES INSTEAD 'i SHARElNVESTOR.com YOUR ONE-STOP FINANCIAL PORTAL FOR ALL YOUR INVESTMENT NEEbS. Visit ShareInvestor.com now FOR A 18 DAYS FREE TRIAL!49 words
-
-
Page 31 Advertisements
-
Advertisement9 2012-07-18 31 www.omy.sg ((ie*» mv showbiz.omy.sg a#s qr code, mmmmm n9 words
-
Advertisement455 2012-07-18 31 'St WATH NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF Alternative Gateway Pte. Ltd. Company Registration Number *****4488M (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the members of Alternative Gateway Pte. Ltd. deemed455 words
-
Advertisement528 2012-07-18 31 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 CAIRNHILL DEVELOPMENT PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****2079Z At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies Act, Cap. 50 on Wednesday, 11528 words
-
Advertisement529 2012-07-18 31 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 EL DEVELOPMENT (WOODLANDS) PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****9572K At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies Act, Cap. 50 on Wednesday,529 words
-
Advertisement347 2012-07-18 31 GIVE YOU LOWER INTEREST RATES With OCBC Securities’s first-to-market QualityPriced Loan feature, you can potentially enjoy lower interest rates* on your SGD share financing loan. This new feature of your Share Financing Account rewards you with a lower blended interest rate when you hold a larger quantity of high quality347 words
-
-
Page 32 Advertisements
-
Advertisement469 2012-07-18 32 Deutsche Bank db X-trackers ETFs I v Over USD250m assets 1 me largest China A-shares ETF db x-trackers csisoo index etf available in Singapore 2 Exposure to a diversified China A-shares index Listed in USD on SGX SGX code: KT4 BBG code: XCSI SR For further information: Hotline: +65 6238469 words
-
Advertisement27 2012-07-18 32 r t 913F <6 ft# 5> 5? MB 0 DOWNLOAD THE NEW 31.BFM ANDROID AFP NOW! Wi FACEBOOK.COM/NINETYONETHREE FOLLOW US ON TWITTER BRADIO_B13 LOG ON TO WWW.RADIOB13.COM27 words
-
-
Page 33 Advertisements
-
Advertisement180 2012-07-18 33 s Plug into the latest market news and trade on the move with the SaxoTrader App. To make the right call, you need access to vital information, even when you're on the go. Get market updates, prices and charts instantaneously on the award-winning SaxoTrader. Now available on your iPhone® or180 words
-
-
Page 34 Advertisements
-
Advertisement235 2012-07-18 34 £2 > >> stir X I-—' -r I I i < >■ > i A Citigold Private Client Partnering you in your wealth journey Citigold Private Client extends exclusive private wealth management services to individuals with investible assets of over $1 million. Our commitment is to work with you to235 words
-
-
THE BUSINESS TIMES Singapore Corporate Awards
-
Article, Illustration304 2012-07-18 1 Joyce Hooi - By Joyce Hooi T HE deadline for the revised Code of Corporate Governance looms ever-closer, kicking in on November 1 this year. But even as a fair number of listed companies work against time to comply with greater disclosure requirements and more defined boundaries forPHOTO: STOCK.XCHNG - 304 words
-
Article, Illustration1161 2012-07-18 2 OVERVIEW: THE business of boards is a delicate one, a veritable balancing act between having not enough dissenting views and too many of them. As complex as the issue of board management might be, the panellists of this roundtable organised by The Business Times are in1,161 words
-
Article, Illustration890 2012-07-18 4 JOYCE HOOI - HOOIfinds out from Julius Baer’s David Lim the similarities between private banks and boards JOYCE HOOI ALL the world’s a sheet of ice now, Julius Baer’s David Lim believes. And all the world meaning bankers, investors, and company board members are skating on this sheetJULIUS BAER - 890 words
-
Article, Illustration701 2012-07-18 4 JOYCE HOOI - By JOYCE HOOI COUNTLESS things have been written about board management and more opinions will doubtless follow, but for all that has and will be said on the matter, OCBC Bank’s Cheong Choong Kong has a far more succinct view. “The board does not manage701 words
-
Article, Illustration930 2012-07-18 5 reportsNISHA; reportsNISHA RAMCHANDANI - The joint winners of the Silver Award for Best Managed Board, SATS and Keppel Land, also both agree that having the right composition of board members is key, reports nisha ramchandani reportsNISHA reportsNISHA RAMCHANDANI AS THE global economy continues to feel the impact930 words
-
Article, Illustration1518 2012-07-18 6 JOYCE HOOI - HOOIpicks the brains of this year’s joint winners of the Best CEO award to find out just what has made them so successful JOYCE HOOI VARIOUS CEOs must approach their jobs from different standpoints, but their objectives, surprisingly, barrel down a path of convergence, after1,518 words
-
Article, Illustration2110 2012-07-18 8 EMILYN YAP - Winners of this year’s Best Investor Relations Award tell EMILYN YAPwhy timely and open communication is important EMILYN YAP INFORMATION is the lifeblood of markets. In volatile times especially, every bit of insight counts for the investor looking to cut losses or snap up a bargain. Some2,110 words
-
Article600 2012-07-18 8 JOYCE HOOI - By JOYCE HOOI THE days of being pigeon-holed as a visorwearing bean-counter if you are a chief financial officer are gone. Today’s CFOs are a different breed, every bit as integral to management and operations as the CEO or COO. “The roles and responsibilities of600 words
-
Article, Illustration877 2012-07-18 9 Lian Beng’s chairman and MD speaks toMINDY TANabout expanding the group’s operations along the construction value chain THERE is much to be said for the power of a dream. When, in 1978, Ong Pang Aik joined his father to help run the family business, he harboured theYEN MENG JIIN - 877 words
-
Article696 2012-07-18 9 JOYCE HOOI - By JOYCE HOOI A CEO might wear many hats at the helm of an organisation, but there are occasions when more than one head is necessary. The revised code of corporate governance, for example, places the onus on the board to comment in the firm’s annual696 words
-
Article, Illustration1004 2012-07-18 14 KEVIN ONG - Executive pay at a crossroads? It’s heartening that regulators have taken a significant pre-emptive step to further align Singapore with int’l developments, reportsKEVIN ONG reportsKEVIN KEVIN ONG The writer is the director, executive compensation, South-east Asia at Towers Watson EXECUTIVE pay is a controversial and hotly debated subject. It inadvertentlySource: Towers Watson - 1,004 words
-
Article, Illustration1014 2012-07-18 15 CAI HAOXIANG - Leadership the Ron Sim way Leaders are ‘mad cows’, says the man who built OSIM from scratch, asCAI HAOXIANGfinds out first hand CAI HAOXIANG HALFWAY through an interview on how he sees leadership, OSIM International founder and chief executive Ron Sim springs up from his chair and walks to aARTHUR LEE - 1,014 words
-
731 2012-07-18 15 IRVING LOW - By IRVING LOW The writer is partner and head of risk consulting at KPMG in Singapore ON May 2, 2012, the Monetary Authority of Singapore (MAS) issued the updated Code of Corporate Governance. The announced changes will affect annual reports for financial years commencing on731 words
-
Article, Illustration1256 2012-07-18 16 This year’s winners of the Best CFO Award reveal what it takes to be a CFO in trying times EVEN as CFOs bear an increasing share of the corporate burden today, the task of dotting the governance ‘I’s and crossing the disclosure ‘T’s has1,256 words
-
676 2012-07-18 16 JAMIE LEE - By JAMIE LEE A “mystery shopper” test to assess the responsiveness of some companies’ investor relations showed that small-cap firms may not necessarily fare worse than larger ones. As part of the judging process to hand out the Singapore Corporate Awards’ Best676 words
-
Article, Illustration638 2012-07-18 17 MAK KEAT MENG - A scorekeeper no more, CFOs today must be business strategists at the heart of any economic decision-making, saysMAK KEAT MENG MAK KEAT MENG The writer is the head of assurance at Ernst Young LLP THE job of the CFO has never been easy. Today’s volatileSTOCK.XCHNG - 638 words
-
Article323 2012-07-18 17 MAK KEAT MENG - By MAK KEAT MENG THE changing demands of business means that CFO-aspirants need to be well-prepared to meet the future challenges of the role. NGain a breadth of finance experience It’s important for CFOs to gain diverse experience in a wide range of roles within the finance323 words
-
Article, Illustration934 2012-07-18 18 KENNETH LIM - Producing an outstanding annual report is more than just charts and numbers, as KENNETH LIMfinds out from some of the award winners KENNETH LIM Assembling an annual report is akin to preparing a banquet, where listed companies try to serve up a balanced and934 words
-
629 2012-07-18 18 ELEANOR LEE - By ELEANOR LEE The writer is the deputy chairman of the 2012 Best Annual Report Award judging panel and an assurance partner at Ernst Young LLP EVERY annual report tells its company’s journey over the past year in its own way. While mandatory629 words
-
-
Page 1 Advertisements
-
Advertisement54 2012-07-18 1 CONTENTS: Best managed board PAGES 4, 5 Best CEO PAGES 6, 9, 15 Best investor relations PAGE 8 Best CFO PAGE 16 Best annual report PAGE 18 Coordinator: Joyce Hooi Sub-editor: Lee Kim Siang Copy editors: Benjamin Tan, George Joseph Cover design: Jennifer Chua Artist: Mohamad Khairie Rahmat Photographers: Arthur54 words
-
-
Page 2 Advertisements
-
Advertisement44 2012-07-18 2 Congratulations to Mr Tan Pheng Hock on being awarded the Best Chief Executive Officer (For companies with $1 billion and above in market capitalisation) Singapore Corporate Awards 2012 r t X SINGAPORE CORPORATE AWARDS 2012 From Chairman and Board of Directors Si Engineering 144 words
-
-
Page 3 Advertisements
-
Advertisement361 2012-07-18 3 (r vi Congratulations to Mr. Ron Sim, for being honoured as Best CEO in the Singapore Corporate Awards 2012 (listed companies with $300 million to less than $1 billion in market capitalisation) Now Connected. TMTc* SB-. Stt J3 OSIM w f /j > J uDivine App Available on the App361 words
-
-
Page 4 Advertisements
-
Advertisement90 2012-07-18 4 Mencast PARTNER PERFECT We are honoured to win the Silver Award for Best Managed Board (Market Capitalisation Below $300 Million) at the 2012 Singapore Corporate Awards. k t Si Clockwise Direction from Back Row, Left: Ho Chew Thim (Independent Director) Sunny Wong Fook Choy (Lead Independent Director) Ng Eng Ho90 words
-
-
Page 5 Advertisements
-
Advertisement119 2012-07-18 5 SINGAPORE CORPORATE AWARDS 2012 SINGAPORE CORPORATE AWARDS 2012 BEST INVESTOR RELATIONS AWARD (Market Cap of $1 billion above) GOLD CAPITALAND LIMITED BEST INVESTOR RELATIONS AWARD (REITs Business Trusts) GOLD CAPITAMALL TRUST BEST ANNUAL REPORT (REITs Business Trusts) GOLD CAPITAMALL TRUST BRONZE ASCOTT RESIDENCE TRUST YOUR RECOGNITION IS OUR GREATEST REWARD119 words
-
-
Page 6 Advertisements
-
Advertisement111 2012-07-18 6 r f "d) S <3> T c> c "> <<. <<_ co r SINGAPORE CORPORATE AWARDS 2012 Winner of Best Annual Report Award (Silver) Market Capitalisation of $1 Billion Above Sembcorp Marine is honoured that our Annual Report 2011 “Towards Sustainable Growtl has garnered the Silver Award in the Singapore111 words
-
-
Page 7 Advertisements
-
Advertisement245 2012-07-18 7 BEIJING TIANJIN (An Affiliate of Cheung Kong Group) DALIAN NANJING SHANGHAI GUANGZHOU HONG KONG mm. ARA Asset Management Limited is honoured to be awarded Gold for Best Managed Board for Companies ($300 million to $1 billion in market cap) at Singapore Corporate Awards 2012 IPOH\ KLANG WW KUALA LUMPUR MALACCA245 words
-
-
Page 9 Advertisements
-
Advertisement140 2012-07-18 9 n A ii£ r=Sl n D A H LJ D Baker Technology Limited proudly bags the Best Annual Report (Silver Award) at the Singapore Corporate Awards 2012! ESI Best Annual Report (Silver) (For companies with less than $300 million in market capitalisation) Our quest to strive for innovation, quality and140 words
-
-
Page 10 / 11 Advertisements
-
Advertisement54 2012-07-18 10 / 11 VÉÇzÜtàâÄtà|ÉÇá MR ONG PANG AIK(BBM) Chairman Managing Director of LIAN BENG GROUP LTD for being awarded the BEST CHIEF EXECUTIVE OFFICER AWARD Market capitalisation of less than $300 million at the SINGAPORE CORPORATE AWARDS 2012 From the management staff of From the management staff of KSH Holdings Limited ZAPPiling Pte54 words
-
-
Page 12 Advertisements
-
Advertisement78 2012-07-18 12 VÉÇzÜtàâÄtà|ÉÇá MR ONG PANG AIK(BBM) Chairman Managing Directorof LIAN BENG GROUP LTD for being awarded the BEST CHIEF EXECUTIVE OFFICER AWARD Market capitalisation of less than $300 million at the SINGAPORE CORPORATE AWARDS 2012 From Han Seng Juan David Loh The Management Staff of Centurion Group of Companies Centurion Global78 words
-
-
Page 13 Advertisements
-
Advertisement43 2012-07-18 13 VÉÇzÜtàâÄtà|ÉÇá MR ONG PANG AIK(BBM) Chairman Managing Directorof LIAN BENG GROUP LTD for being awarded the BEST CHIEF EXECUTIVE OFFICER AWARD Market capitalisation of less than $300 million at the SINGAPORE CORPORATE AWARDS 2012 From The Directors, Management Staff of Centurion Corporation Ltd43 words
-
-
Page 14 Advertisements
-
Advertisement126 2012-07-18 14 Driven by Growth Sustained Values s Singapore Corporate Awards X Best Investor Relations Award (Gold) for 2011 in the less than $300 million market capitalisation category. We are proud to receive this Award. Having been recipients of the Best Investor Relations Award (Silver) and Best Annual Report Award twice in126 words
-
Advertisement127 2012-07-18 14 SINGAPORE CORPORATE AWARDS 2012 Best Investor Relations (Silver) $300 Million to $1 Billion Market Capitalisation Category STATS ChipPAC is honoured to be recognised at the Singapore Corporate Awards 2012 for our commitment to investor relations best practices, transparent communication and quality engagement with our investors. STATS ChipPAC, one of the127 words
-
-
Page 15 Advertisements
-
Advertisement185 2012-07-18 15 BUILDING STRENGTHS, DEFINING DISTINCTION SINGAPORE CORPORATE AWARDS 2012 Keppel Land SILVER Best Managed Board GOLD Best Annual Report Market capitalisation of $1 billion and above Keppel Telecommunications Transportation BRONZE Best Investor Relations Market capitalisation of $300 million to less than $1 billion Keppel aims to be the Provider of Choice185 words
-
-
Page 16 Advertisements
-
Advertisement45 2012-07-18 16 r SINGAPORE CORPORATE AWARDS 2012 At the 2012 Singapore Corporate Awards, Del Monte Pacific Ltd is once again honoured to be recognised among the best. Best Annual Report (Bronze) Market capitalisation of $300 million to less than $1 billion IS c E 8 C www.delmontepacific.com45 words
-
-
Page 17 Advertisements
-
Advertisement173 2012-07-18 17 Micro-Mechanics (Holdings) Ltd Singapore Corporate Awards y Singapore Corporate Awards 2012 GOLD AWARD Best Managed Board SILVER AWARD Best Investor Relations in the less than S$300 million market capitalisation category MICRO-JVIECH L Our IR partner f> Octant Consulting K investor relations Singapore Corporate Awards 2011 Best Investor Relations (Silver) Sound173 words
-
-
Page 18 Advertisements
-
Advertisement35 2012-07-18 18 T w r J Kr I s rw j r* -rli OT2 IS? r ra For Best Investor Relations Capitalisation of $1 Billion Above) Engaging Minds, Enriching Lives I vr u SINGAPORE CORPORATE AWARDS 201235 words
-
-
Page 19 Advertisements
-
Advertisement359 2012-07-18 19 SINGAPORE CORPORATE AWARDS 2012 Congratulations best managed board award Market cap of $1 billion above GOLD OCBC Bank SILVER Keppel Land Ltd SILVER SATS Ltd Market cap of $300 million to less than $1 billion GOLD ARA Asset Management Ltd SILVER United Engineers Ltd Market cap of less than $300359 words
-
-
Page 20 Advertisements
-
Advertisement173 2012-07-18 20 m OKP HOLDINGS LIMITED S0 m fi SS PR to w 'A\ ■> 'k\ ■>< Companies with less than $300 million in market capitalisation Best Chief Financial Officer Ms Ong Wei Wei Best Managed Board (Bronze) Best Investor Relations (Bronze) m MM SINGAPORE CORPORATE AWARDS 2012 f m SSi IL173 words
-