The Business Times, 5 September 2012
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2012-09-05
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The Business Times
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Title Section25 2012-09-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, eptember 5, 201225 words
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Article, Illustration1069 2012-09-05 1 KALPANA RASHIWALA - New guidelines to ensure that their proportion stays within bounds in suburban areas By KALPANA RASHIWALA [SINGAPORE] The Urban Redevelopment Authority (URA) has acted to manage the proportion of shoebox units in suburban areas. It is seeking to cap the number of1,069 words
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596 2012-09-05 1 TEH SHI NING - PMI contracts for second straight month despite spark from electronics By TEH SHI NING [SINGAPORE] New orders for Singapore’s manufacturers shrank more rapidly in August, pushing the purchasing managers’ index (PMI) deeper into contraction and highlighting afresh the gloom that lies596 words
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MARKETS DIGEST
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Article65 2012-09-05 1 HST INDEX 3,011.55 (-5.67) HST INDEX FUTURES 3,010.00 (-6.00) HSIMSCI 345.38 (-0.90) HSIMSCI FUTURES 345.00 (-1.20) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.590 1.980 EURO (US$/S$/€) 1.262 1.570 Foreign currency per US$ S$ YEN 78.40 63.00 RM 3.105 2.494 HK$ 7.756 6.231 BAHT 31.17 25.04 RUPIAH65 words
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Article48 2012-09-05 1 Tuesday Change KL COMP 1,654.11 +0.21 NIKKEI 225 8,775.51 -8.38 HANG SENG 19,429.91 -129.30 SET INDEX 1,236.31 +0.83 JAKARTA COMP 4,105.25 -12.70 MANILA COMP 5,175.87 -43.21 SEOUL COMP 1,907.13 -5.58 SHENZHEN B 571.32 -5.85 MUMBAI IND 17,440.87 +56.47 Noon EDT Change DOW 13,000.44 -90.40 NASDAQ 3,049.48 -17.4848 words
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Article17 2012-09-05 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.296 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement24 2012-09-05 1 TRANSPORT HUB New spin to Peugeot brand PAGE 22 BOARDROOM EU to allocate 40% seats to women PAGE 17 Free with your BT today24 words
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Advertisement156 2012-09-05 1 EXECUTIVE MONEY Beneficiaries of China’s stimulus measures PAGE 28 Deutsche Bank db.com Women in Asian Business Conference Inspire. Challenge. Change. September 12, 2012 Marina Bay Sands Featuring the following speakers Mrs Moneypenny Financial Times columnist, author and former investment banker and panelists Kiran Bedi Retired Indian Police Service officer, Indian156 words
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Advertisement8 2012-09-05 1 OPINION Voting for America’s ideological future PAGE 198 words
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TOP STORIES
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Article, Illustration475 2012-09-05 2 SAMUEL EE - By SAMUEL EE [SINGAPORE] Contrary to popular belief, most used car dealers welcome the lemon law because they expect it to weed out unscrupulous operators and improve their business. "Business will be better because the lemon law will force out those fly-by-night dealers,” saidARTHUR LEE - 475 words
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Article, Illustration614 2012-09-05 2 SIOW LI SEN - More cash-flow problems and situation likely to get worse By SIOW LI SEN [SINGAPORE] More firms are having cash-flow problems with more than half the payments being delayed. The situation will only get worse as the slowdown begins to bite. Only sevenSource: Singapore Commercial Credit Bureau - 614 words
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630 2012-09-05 2 Export slumps for third month and hiring also slows LATEST US DATA Reuters [NEW YORK] US manufacturing shrank at its sharpest clip in more than three years last month, while separate data showed exports and hiring in the sector slumped in another blow toReuters - 630 words
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Article482 2012-09-05 2 Govt acts to contain shoebox units THE Urban Redevelopment Authority has acted to limit the proportion of shoebox units in suburban areas. It is seeking to cap the number of homes in new developments, based on an average unit size of 70 square metres gross floor area. FRONT482 words
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Article, Illustration520 2012-09-05 4 CHUANG PECK MING - It is something for longer term, not on immediate agenda By CHUANG PECK MING in Tianjin, China AGAINST the backdrop of an APEC leaders’ pow-wow this weekend, Singapore has asked China to consider joining the Trans-Pacific Partnership (TPP). This was raised in talksLIM WUI LIANG/THE STRAITS TIMES - 520 words
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606 2012-09-05 4 GRACE LEONG - Govt to issue more licences at year-end in second round of sector liberalisation By GRACE LEONG [SINGAPORE] Over 20 foreign law firms have applied under the Qualifying Foreign Law Practice (QFLP) scheme for a second round of licences to be issued at606 words
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406 2012-09-05 4 SAMUEL EE - LTA probing Aug 17 NEL train delays due to signalling fault By SAMUEL EE SBS TRANSIT (SBST) will be fined $400,000 for the March 15, 2012 train service disruption along the North East Line (NEL). The Land Transport Authority (LTA) yesterday said406 words
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556 2012-09-05 4 GRACE LEONG - Elektromotive exec says allegations are without foundation By GRACE LEONG [SINGAPORE] An executive of mainboard-listed Elektromotive Group, who was sued by Prince Abdul Hakeem, a nephew of the Sultan of Brunei, over alleged broken promises relating to a business deal, said yesterday that556 words
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Advertisement119 2012-09-05 2 SMU SINGAPORE MANAGEMENT UNIVERSITY Herbert Smith A! in. u WMtA* ft H 1 -art it 3 T*t r* 'Hi •U W *V“4 ■Ci‘ ul Herbert Smith SMU Asian Arbitration Lecture Defining the Role of the Court in Modern International Commercial Arbitration Speaker: Mr David A R Williams QC Bankside Chambers,119 words
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COMPANY NEWS
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Article, Illustration538 2012-09-05 5 SIOW LI SEN - Domestic firms are in trouble but MNCs are doing fine: Aviva Investors Europe By SIOW LI SEN MANY European companies are in good shape but they are undervalued because of the fears over the eurozone problems, said Jean-François Boulier, chief executive of AvivaREUTERS - 538 words
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442 2012-09-05 5 ANDREA SOH - By ANDREA SOH AT A time of historically low interest rates and a sharp rise in risks from traditional income-generation investments, institutional investors are turning towards investment-grade bonds, high-dividend equities and commercial real estate portfolios. Many also now place more emphasis on442 words
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Article, Illustration216 2012-09-05 5 Reuters [MUMBAI] Reliance Communications Ltd, India’s second-biggest telecoms carrier by customers, will next year explore options to reduce its debt, including the possible sale of a stake in its mobile tower arm, its billionaire chairman said yesterday. The company will also againReuters - 216 words
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411 2012-09-05 7 JOYCE HOOI - It says all three firms have dividend yields in excess of 5%, against their Asian peers’ 4.5% By JOYCE HOOI IN the wake of a largely middling quarter for telcos in Asia, local telcos’ dividend yields remain appealing, according to Nomura’s latest research411 words
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Article, Illustration405 2012-09-05 7 LYNN KAN - Nelson Yeo, 55, was in London on a business trip By LYNN KAN KEPPEL Shipyard managing director Nelson Yeo died yesterday morning in London after suffering a brain haemorrhage last weekend while on a business trip. Mr Yeo, 55, is survived by his wife Siew Hua405 words
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369 2012-09-05 7 Bloomberg [DUBAI] HSBC Holdings Plc and BNP Paribas SA are among banks extending a US$1.5 billion so-called profit participating loan to Dubai-based Drydocks World LLC as it restructures debt, a person with knowledge of the talks says. The 15-year loan, part of aBloomberg - 369 words
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COMPANY BRIEFS
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133 2012-09-05 7 THAI Beverage is seeking a $3.3 billion five-year term loan to take out the $2.8 billion bridge financing which backed its acquisition of a stake in Fraser Neave (F&N), IFR Asia reported. ThaiBev recently raised its stake in F&N to 29 per cent just133 words
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94 2012-09-05 7 THE Singapore Exchange’s (SGX’s) iron ore swaps had a second consecutive record month in August 2012, with 14.88 million tonnes (29,763 lots) cleared. This was 42 per cent higher than the previous record set in July 2012, SGX said. Open interest also94 words
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73 2012-09-05 7 SBI Offshore is in dispute with one of its principals over a commission income. The company said it is entitled to a commission income of about US$12 million for the assistance it rendered to the principal in securing a substantial order for offshore equipment. But73 words
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83 2012-09-05 7 GEMS TV Holdings said that it is seeking a suitable candidate for a possible reverse takeover. In a quarterly update, it said that there is no material changes in its financial position or operating results from what was disclosed in its fourth quarter FY201283 words
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384 2012-09-05 8 TEO SI JIA - It gets extension by SGX to submit and complete trading resumption proposal By TEO SI JIA SCANDAL-HIT Hongwei Technologies, a main-board-listed polyester fibre maker in which share trading has been suspended since Feb 24, 2011, is working towards transferring its listing status to384 words
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Article, Illustration394 2012-09-05 8 Bidders ready to buy Japan ops in deal for HK and S-E A units Bloomberg [HONG KONG] ING Groep NV, facing a regulatory deadline to sell its insurance business, is pressing prospective buyers of operations in South-east Asia and Hong KongBloomberg; REUTERS - 394 words
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Article, Illustration712 2012-09-05 8 Reuters [ZURICH] The head of Credit Suisse denied on Monday that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centres such as Singapore to avoid becoming subject to taxes. GermanReuters; REUTERS - 712 words
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Advertisement115 2012-09-05 5 John Hurt, actor I had the good fortune to meet Noel Coward once, when I was a young actor starting out. He signed a copy of his book Pretty Polly Barlow for me I didn't ask him to, he just decided that he was going to do that. He put,115 words
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SINGAPORE MARKETS
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Article, Illustration615 2012-09-05 6 R SIVANITHY - Prices drift amid low volume; HK fall and soft Europe opening contribute to cautious sentiment STOCKS R SIVANITHY Senior Correspondent TO DESCRIBE trading yesterday as “slow” would be a gross understatement, as prices drifted in painfully thin volume and dealers looked desperately at overseasSource: Bloomberg - 615 words
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Article66 2012-09-05 6 Sep 4 VALUE CLOSE BT OB/OS -150.00 +1.00 BT CADI -*****.00 -18.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 714.24 -1.55 FTSE ST Small Cap 466.65 -0.80 FTSE ST All Share 732.12 -1.41 FTSE ST China Top 198.32 -0.64 FTSE ST China 216.65 -1.10 FTSE66 words
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Article186 2012-09-05 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 8 0 0 0 4 5 8 Manufacturing 37 38 57 9 9 8 46 47 65 Commerce 25 15 20 5 4 2 30 19 22 Tpt/Stor/Comms 9 20 10186 words
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Article, Illustration938 2012-09-05 6 JOYCE HOOI - Compiled by JOYCE HOOI CapitaMalls Asia Sept 4 close: $1.635 Maybank Kim Eng Research, Sept 4 HYPERMART operator Carrefour has announced its intentions to cease operations in Singapore. As a result, it will be giving up its space at Plaza Singapura (PS) by the end of the year.Source: Bloomberg - 938 words
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Article121 2012-09-05 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 6,970 6,970 32,112 32,112 Manufacturing 157,362 107,597 264,959 103,760 3,670 107,430 Commerce 389,139 3,451 392,590 114,462 1,003 115,465 Tpt/Stor/Comms 84,954 8,409 93,363 121,753 2,553 124,306 Finance 21,290 4,352 25,642 84,776 1,932 86,708 Construction 37,787 34,294121 words
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Article110 2012-09-05 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.635 -0.015 CapitaLand 3.030 +0.030 CapitaMall 1.960 -0.015 CityDev 11.450 -0.070 ComfortDelGro 1.670 +0.010 DBS Grp 14.300 -0.100 F&N 8.230 +0.010 GLP 2.350 -0.030 Genting SP 1.360 -0.005 Golden Agri 0.705 HK Land 6.010 -0.050 JMH 54.190110 words
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Article, Illustration475 2012-09-05 6 CURRENCIES Reuters [NEW YORK] The euro fell against the US dollar as the New York session opened yesterday, with investors adjusting positions ahead of a European Central Bank (ECB) meeting tomorrow and with speculation mounting that the bank will unveil steps to tackleReuters; BLOOMBERG - 475 words
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Article58 2012-09-05 6 VOLUME GSH Corp 249,649,000 MDR 49,736,000 CCFH 33,560,000 TopGlobal 31,662,000 TT Intl 28,971,000 Elektromotive 28,845,000 LantroVis 28,590,000 Goldtron 25,072,000 HPH Trust US$ 24,083,000 Noble Grp 22,408,000 VALUE($) SingTel 41,633,934 DBS Grp 39,521,380 Noble Grp 27,054,885 GSH Corp 25,976,361 Sakari 24,846,455 OCBC Bk 21,857,042 LionGold 21,234,950 HPH Trust58 words
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Article111 2012-09-05 6 BY CENTS CLOSE UP Lyxor Nasdaq100 10US$ 1111 42.3 3.2 JSH 3354 36.1 0.9 DBXT FTVietnam 10US$ 2165 34.9 1.3 UOB 5.05%NCPS 100 ***** 30.0 0.3 JMH 5419 23.7 0.4 DBS Bk 4.7% NCPS 100 ***** 22.0 0.2 GLD 10US$ ***** 21.2 0.1 Jardine C&C 4600 20.0 0.4 OCBC111 words
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Article120 2012-09-05 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9620 -85.9 -0.7 Lyxor China H 10US$ 1200 -23.7 -1.6 UOB.ES.1209 1903 -17.0 -0.9 SIA 200 1056 -12.0 -1.1 DBXT MSINDO 10US$ 1431 -11.2 -0.6 DBS Grp 1430 -10.0 -0.7 YHS 185 -10.0 -5.1 DBXT CSI300 10US$ 686 -8.7 -1.0 CityDev 1145120 words
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Advertisement204 2012-09-05 7 Enjoy a $50 Takashimaya Voucher when you subscribe to The Business Times at SMART Expo 2012*! Meet Singapore’s best selling property and investment authors and be well informed with free seminars on the market trend from real estate and finance gurus. 0* Tic 4 l 'Vi 8-9 September 2012,11 am204 words
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Advertisement466 2012-09-05 8 THINK BIG ENTREPRENEUR CONVENTION 2012 BUSINESS SOLUTIONS UPDATED Whether you are starting up or already running a business, here's your opportunity to glean expert advice from experienced business specialists on how to fund your ideas, improve efficiency and communicate your brand effectively. Plus hear what industry leaders think how businesses466 words
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Advertisement69 2012-09-05 8 Offering access to these additional features at no extra cost! ShareInvestor Station Quote Movements Price Download Dynamic Data Exchange (DDE) TA Market Scanner ShareInvestor WebPro Quote Movements Price Download Interactive Chart Volume Distribution Chart TA Market Scanner Enjoy 12% discount for your membership sign-up or renewal*. *Terms and conditions apply.69 words
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Advertisement18 2012-09-05 8 ERISS^ Breakfast with §.TAR 8/2+4 /3&8 08)1 !3%5 %58 c y h dZ use r' S m (^.9UGHT18 words
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SINGAPORE NEWS
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377 2012-09-05 9 MALMINDERJIT SINGH - Draft bill allows minister, comptroller to set remission conditions By MALMINDERJIT SINGH THE government has accepted two in five suggestions from the public for the draft Goods and Services Tax (Amendment) Bill 2012, which seeks to put into effect tax changes377 words
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Article, Illustration873 2012-09-05 9 MALMINDERJIT SINGH - Industry sponsorship plans get warm response from firms By MALMINDERJIT SINGH BUSINESSES here are keen to deepen their partnership with Singapore’s two newly announced universities to nurture talent for their companies and the broader economy. Such has been the positive response toFILE PHOTO - 873 words
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427 2012-09-05 9 ZEINAB YUSUF SAIWALLA - By ZEINAB YUSUF SAIWALLA THE first half of this year saw a decrease in workplace fatal injuries from 1.2 deaths per 100,000 employed persons last year to 1.0 in 2012, but overall workplace injuries increased by 10.4 per cent. There were 26 workplace fatalities427 words
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396 2012-09-05 9 TEH SHI NING - By TEH SHI NING COMMUTERS made their unhappiness with Singapore’s public transport operators clear in the latest round of surveys conducted by the Institute of Service Excellence at SMU (ISES). Train and bus operators SMRT and SBS Transit saw their scores on396 words
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386 2012-09-05 9 ZEINAB YUSUF SAIWALLA - It offers $189.87m in state tender that drew just 3 bids By ZEINAB YUSUF SAIWALLA CHINESE developer Qingjian Realty has put in the top bid for yet another Punggol site a 99-year-leasehold executive condominium (EC) at Punggol Way/Punggol Walk. It offered $189.87 million,386 words
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Article278 2012-09-05 9 Pictet-Absl Rtn Glo Cons-P EUR 31.08.2012 EUR 105,58 Pictet-Absl Rtn Glo Div-P EUR 31.08.2012 EUR 119,46 Pictet-Asian Equities Ex Japan-P USD 31.08.2012 USD 157,62 Pictet-Asian Local Currency Debt-P USD 31.08.2012 USD 150,03 Pictet-Biotech-P USD 03.09.2012 USD 361,88 Pictet-Clean Energy-P USD 31.08.2012 USD 60,73 Pictet-Digital Communication-P USD 31.08.2012 USD 144,61278 words
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Advertisement126 2012-09-05 9 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: issued and the above126 words
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MALAYSIA/INDONESIA
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Article, Illustration527 2012-09-05 10 M’sian bank ties up with partner in Ningxia to offer loans, deposits Bloomberg [KUALA LUMPUR] Bank Muamalat Malaysia will offer Islamic financing in China through booths as a step toward setting up the first full-fledged syariah-compli-ant lender in the world’s fastest-growing economy. Malaysia’s second-old-estBloomberg; ABD KADIR SALEH - 527 words
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408 2012-09-05 10 [KUALA LUMPUR] Affin Holdings’ interest in Bank Muamalat Malaysia, one of the country’s two standalone Islamic banks, has much to do with its intention to become a major player in the Islamic banking sector. Affin’s Islamic banking entity, Affin Islamic Bank, is408 words
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446 2012-09-05 10 Analyst says revenue declined due to lower tariff rate [PETALING JAYA] The 22.5 per cent year-on-year decline in revenue for Genting’s power segment in the first half of financial year 2012 (FY12), ended June 30, was due to tariff rate revision that impacted446 words
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Article, Illustration529 2012-09-05 10 Reuters [KUALA LUMPUR] Malaysia’s central bank is expected to keep its policy rate unchanged for an eighth consecutive time tomorrow, a Reuters poll showed, after a surprisingly strong second quarter driven by domestic demand. Seventeen of the 18 economists polled by Reuters alsoReuters; BLOOMBERG - 529 words
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346 2012-09-05 10 Bloomberg [JAKARTA] Indonesian coal suppliers are counting on Indian demand to compensate for slowing shipments to China, according to producers including PT Pesona Khatulistiwa Nusantara and PT Tambang Batubara Bukit Asam. Pesona Khatulistiwa Nusantara, which operates three mines in East Kalimantan,Bloomberg - 346 words
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Advertisement15 2012-09-05 10 i m SINGAPORE'S mvresr hits HEAR rnewAureo's HOTTEST HITS ON HOT FM 91.3 (ff j15 words
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Advertisement14 2012-09-05 10 ■m i j }MV' 0 5S3iffi»* n SamsangCalaxHMofelOlJ blog.omysg/birthday 0 0 0 L* yj14 words
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GREATER CHINA/INDIA
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582 2012-09-05 11 FREDERICK YEUNG - It is expected to unveil work plan to boost domestic trading activities By FREDERICK YEUNG [BEIJING] China plans to boost domestic consumption by offering subsidies and tax incentives in a bid to encourage citizens to spend more to shore up the economy.582 words
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470 2012-09-05 11 Bloomberg [BEIJING] A Chinese official who allegedly beat a China Southern Airlines flight attendant has been suspended, the latest in a series of incidents that state media warned could pose a credibility crisis for the government. Fang Daguo, a Communist Party standing committee member inBloomberg - 470 words
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502 2012-09-05 11 Reuters AFP [NEW DELHI] Federal law enforcement officials raided offices and homes in 10 cities across India yesterday as part of an investigation into irregularities in the award of coalfield concessions to private and state companies that has sparkedReuters; AFP - 502 words
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Article, Illustration514 2012-09-05 11 Joint drills were suspended after disputes in 2010 Bloomberg [NEW DELHI] India and China agreed to resume joint military exercises stalled since 2010 during the first visit by a Chinese defence minister in eight years, as ties improve amid concerns over a build-up of borderBloomberg; AP - 514 words
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250 2012-09-05 11 Bloomberg [HONG KONG] China’s currency regulator suspended more than 1,500 companies from using trade-related foreign-exchange services following record capital outflows. The companies were found to be “shell corporates”, which didn’t conduct any business as at the end of August, the StateBloomberg - 250 words
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Advertisement760 2012-09-05 11 NOTICE OF EXTRAORDINARY GENERAL MEETING SINGXPRESS LAND LTD. (Company Registration No. *****3164K) (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of SingXpress Land Ltd. (the “Company”) will be held at Pan Pacific Singapore, Ocean 6, Level 2, 7 Raffles Boulevard, Marina Square, Singapore *****5, on 27760 words
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ECONOMY WATCH
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686 2012-09-05 12 But outlook less certain with price of biggest commodity export falling Bloomberg [SYDNEY] Australia maintained the highest benchmark interest rate among major developed economies as domestic demand weathers a global slowdown that’s driving down the price of iron ore, the nation’sBloomberg - 686 words
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Article, Illustration400 2012-09-05 12 Reuters [LONDON] The London Olympics failed to boost British retail sales as hoped last month, when households preferred to watch the games rather than go shopping, giving stores one of their worst months of 2012, the British Retail Consortium (BRC) said yesterday. TheReuters; REUTERS - 400 words
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Article405 2012-09-05 12 Polarisation growing in South Africa, worsening social tension with 60% still living in poverty Bloomberg [JOHANNESBURG] South Africa’s worst mine violence since the end of apartheid in 1994 has highlighted one of the world’s biggest wealth gaps that senior government officials say is stirringBloomberg - 405 words
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563 2012-09-05 12 Central bank’s cap on franc to avert slump vindicated Reuters [ZURICH] The Swiss economy unexpectedly shrank in the second quarter as the impact of the eurozone crisis weighed on the country’s exports, providing further justification for the central bank’s cap onReuters - 563 words
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737 2012-09-05 12 Upper House stymies Lower House’s bond approval Bloomberg [TOKYO] Japan’s political gridlock threatens to curtail the government’s ability to apply fiscal stimulus as a rebound falters in the world’s third-largest economy. Opposition parties in the Upper House of Parliament stymied legislation approved in the LowerBloomberg - 737 words
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265 2012-09-05 12 It will marshall 2.4t won without additional budget Reuters [SEOUL] South Korea can mobilise about 2.4 trillion won (S$2.64 billion) to boost public spending in response to an economic slump without drawing up a supplementary budget bill, the finance minister said yesterday. Bahk Jae-wan madeReuters - 265 words
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WORLD
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Article, Illustration824 2012-09-05 13 Reuters [PARIS] A state lifeline to wind down a small, ailing French mortgage lender is likely to carry a political price for President Francois Hollande as he grapples with rising unemployment and economic slowdown, even though there is no immediate budgetReuters - 824 words
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1051 2012-09-05 13 Of the top 10 firms settling cases under the FCPA, only one KBR is American NYT [NEW YORK] A law intended to prohibit the payment of bribes to foreign officials by US businesses has produced more than US$3 billion in settlements. ButNYT - 1,051 words
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164 2012-09-05 13 Bloomberg [NEW YORK] Russia, the world’s most corrupt major economy, has issued a statement telling executives that they can’t claim tax deductions at home for bribes paid abroad. “Expenses incurred while committing legal violations, including providing bribes or kickbacks, are not recognised for the purposesBloomberg - 164 words
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912 2012-09-05 14 Such giants as American Express, Ford, GM pumping venture capital into startups NYT [MENLO PARK, California] New York, London and Hong Kong are common addresses for blue-chip multinationals. Now Silicon Valley is, too. From downtown San Francisco to Palo Alto, companies like AmericanNYT - 912 words
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Article, Illustration715 2012-09-05 14 Moscow has pumped US$21 b into its eastern seaboard to attract investors Reuters [VLADIVOSTOK, Russia] Vladimir Lenin’s vision of developing Russia’s far east would not be out of place in President Vladimir Putin’s talking points for the Asia-Pacific summit he isReuters; REUTERS - 715 words
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Article, Illustration681 2012-09-05 14 The art of handling the Opposition Angela Merkel style She and her aides work quietly to neutralise attacks ANALYSIS Reuters [BERLIN] Bill Clinton may have been the first to use a strategy of “triangulation” to win an election, co-opt-ing policies of his Republican rivals to win a second term asReuters; AP - 681 words
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777 2012-09-05 14 Deutsche Bank and Italy’s Intesa San Paolo may join list Reuters [LONDON] For years, the US struggled to get foreign bankers to comply with its effort to throttle Iran’s economy but a couple of billion dollars in fines, not to mentionReuters - 777 words
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Article, Illustration879 2012-09-05 15 News of ECB’s bond-buying plan fuels surge in Spanish, Italian debt Bloomberg [ROME] European leaders are stepping up shuttle diplomacy this week as details of a bond-buying plan emerged from the central bank, fuelling a surge in some Spanish and ItalianBloomberg; REUTERS - 879 words
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Article, Illustration599 2012-09-05 15 Reuters [FRANKFURT] Leading German bankers clashed yesterday over plans to give the European Central Bank (ECB) new supervisory powers, with the co-head of Deutsche Bank saying that oversight would only work if it covered a wide range of banks, not just Europe’s biggest. TheReuters - 599 words
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435 2012-09-05 15 AFP [NEW YORK] Moody’s on Monday lowered the European Union’s long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc’s key budget contributors. “It is reasonable to assume that the EU’s creditworthiness should move in line with theAFP - 435 words
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Article, Illustration592 2012-09-05 15 Deal will be largest by Russian firm since VTB’s US$8b in 2007 Reuters [MOSCOW] MegaFon, Russia’s second-largest mobile phone operator, has asked its local regulator for permission to list its shares in London for what would be the world’s biggest initial public offeringReuters; BLOOMBERG FILE PHOTO - 592 words
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Article, Illustration807 2012-09-05 16 PM fires several underperforming ministers to quell discontent in party Bloomberg [LONDON] UK Prime Minister David Cameron began his first Cabinet revamp since taking power in 2010, dismissing underperforming ministers in a bid to quell discontent in his Tory party as his coalition strugglesBloomberg; REUTERS - 807 words
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521 2012-09-05 16 Reuters [LONDON] Hedge fund manager Man Group has launched a computer-driv-en fund that will try to make money trading government bonds despite the ultra-low yields on offer, the latest step by the struggling firm to try and revive its fortunes. The Nomura ManReuters - 521 words
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Article, Illustration322 2012-09-05 16 Reuters [GENEVA] Argentina has filed its third trade complaint in two weeks, the World Trade Organization said on Monday, challenging US laws that it says have blocked imports of fresh lemons from the northwestern region of Argentina. The United States, JapanReuters - 322 words
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592 2012-09-05 16 PSE CEO sees three more IPOs being completed this year Bloomberg [MANILA] Philippine Stock Exchange Inc (PSE) chief executive officer Hans Sicat says share sales are poised to surpass the bourse’s full-year target as transactions accelerate towards the end ofBloomberg - 592 words
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Article, Illustration679 2012-09-05 16 ANDREW ROSS SORKIN - But Ebersman isn’t dumb; he’s bright, maybe even brilliant By ANDREW ROSS SORKIN NYT [NEW YORK] David Ebersman is Facebook’s wellliked, boyish-looking 41-year-old chief financial officer. He’s not as well known as Mark Zuckerberg, Facebook’s founder and chief executive, or Sheryl Sandberg,NYT - 679 words
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Article, Illustration590 2012-09-05 17 Proposal requires approval from EU leaders and European Parliament NYT [BRUSSELS] Companies that allocate fewer than 40 per cent of seats on supervisory boards to women could face serious penalties later this decade, according to a proposal made on Monday byNYT; AFP - 590 words
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Article, Illustration434 2012-09-05 17 Reuters [LONDON] Organic produce and meat typically isn’t any better for you than conventional food when it comes to vitamin and nutrient content, although it does generally reduce exposure to pesticides and antibiotic-resist-ant bacteria, according to a US study. “People choose toReuters; AP - 434 words
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719 2012-09-05 17 Bank sues lawyer over money lent to pay partnership fee NYT [NEW YORK] There has been no shortage of fingerpointing since the collapse of the law firm Dewey LeBoeuf, with most of the animus directed toward the firm’s managing partner and its broaderNYT - 719 words
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Article, Illustration694 2012-09-05 17 AP [JERUSALEM] One of Israel’s wealthiest businessmen may quickly be going from riches to rags, and experts warn he could drag the country’s economy down with him. Nochi Dankner, a favourite of Israel’s business community who is often credited with helpingAP - 694 words
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700 2012-09-05 17 Move follows BHP’s decision to shelve US$20b expansion plan Reuters [SYDNEY] Australia’s Fortescue Metals Group Ltd said it will slash capital spending and wind back its expansion plans, the latest iron ore miner to drop big-ticket projects in the faceReuters - 700 words
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Page 13 Advertisements
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Advertisement325 2012-09-05 13 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCTEL ASIA PTE. LTD. (COMPANY NO: *****9775W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of MCTEL ASIA PTE. LTD. signed by the325 words
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Advertisement270 2012-09-05 13 Rule 112 NOTICE OF CREDITORS' MEETING SILVERSTAR INVESTMENTS PTE LTD (IN COMPULSORY LIQUIDATION) Company Registration No: *****5721W Winding Up No. 139 0F 2009/G Take notice that a meeting of creditors in the above matter will be held at 6 Shenton Way, #32-00, DBS Building Tower Two, Singapore *****9 on the270 words
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Advertisement877 2012-09-05 13 WOOD MACKENZIE ASIA PACIFIC PTE. LTD. (the “Company”) (incorporated in the Republic of Singapore) (Company/UEN Registration No. *****1874H) NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of the Company deemed to have877 words
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Advertisement646 2012-09-05 13 SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 5 September 2012 issued by Swing Media Technology Group Limited (the “Circular”). NOTICE IS HEREBY646 words
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Page 15 Advertisements
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Advertisement74 2012-09-05 15 "Tv V Setting up a call centre??? All-Touch™ Virtual Call Centre outons Hosted Call Centre, Hosted SMS, Hosted IVR, Hosted CRM, On-Demand. No need to buy, > subscription basis. .From $2,000 International Toll-Free Numbers Answer Calls from office, home or anywhere with Internet Backup and Redundancy Supports 'do-not-call' list Automatic74 words
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EDITORIAL & OPINION
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470 2012-09-05 18 EDITORIAL AFTER a break of almost 14 years, Malaysian stocks which used to trade here on Clob International are set to reappear in the local stock market from Sept 18, the Singapore Exchange (SGX) will connect with Bursa Malaysia (BM) as part of the larger470 words
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Article, Illustration765 2012-09-05 18 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FORTY years ago this month, Japan and China established diplomatic relations. However, the two countries are clearly in no mood to celebrate because of765 words
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Article, Illustration781 2012-09-05 18 MUHAMAD NOOR - Issues in spotlight include SMEs, supply chains, and policies to encourage innovation By MUHAMAD NOOR The writer is the executive director of the Apec Secretariat EMBE R S o f t h e Asia-Pacific Economic Cooperation (Apec) are taking concrete actions toREUTERS - 781 words
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Article, Illustration1160 2012-09-05 19 LEON HADAR - November’s election will be a choice between 2 unique visions for a nation whose history goes back to the 18th century LEON HADAR Washington Correspondent AMERICA’S Founding Fathers would have have been perplexed, and at the same time, quite content, had they been watching theAP - 1,160 words
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Article, Illustration879 2012-09-05 19 NEETA LAL - By NEETA LAL The writer is a New Delhi-based senior journalist PALANIAPPAN Chidambaram’s recent anointment as India’s Finance Minister has generated excitement as well as great expectations. Hope floats that the minister’s skill displayed in his adroit handling of the economy during the globalBLOOMBERG - 879 words
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TransportHUB
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Article, Illustration518 2012-09-05 20 LYNN KAN - Backhaul trade growth seen starting to outpace headhaul volume growth By LYNN KAN CONTAINER shipping may have to get used to a “lost decade” of dampened growth and lower revenues as manufacturing outsourcing to Asia grinds to a halt and production heads backSource: Shanghai Shipping Exchange, WCI - 518 words
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Article, Illustration891 2012-09-05 20 DAVID HUGHES - STRAIT TALK By DAVID HUGHES THE use of liquefied natural gas (LNG) as a marine fuel is now an established fact. Commercial vessels powered by LNG in northern Europe, the United States and elsewhere are now in service and the facilities for bunkering withBLOOMBERG FILE PHOTO - 891 words
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689 2012-09-05 20 Bloomberg [LONDON] Dockwise Ltd shareholders can thank the US Navy for helping return the company to profit as the world’s largest operator of heavy-load vessels hauls mine sweepers to the Persian Gulf. Dockwise’s carriers are so big they can transport f ouBloomberg - 689 words
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Article252 2012-09-05 20 SGX '000 Sep 4 S$ +/-Vol CH Offshore 0.46 -0.01 491 Chuan Hup Hldg 0.25 0.01 220 Cosco Corp 0.96 -0.01 1781 s$ Ezra Hldgs 1.08 0.01 6063 First Ship Lea 0.12 unch 568 Freight Links 0.06 unch 981 Grand Banks 0.30 0.05 1029 Jaya Hold Ltd 0.54252 words
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Article294 2012-09-05 20 LYNN KAN - 2013 edition to get 15% more exhibition space, attendance By LYNN KAN SEA Asia, the cornerstone exhibition and conference for Singapore Maritime Week, will head back to the Marina Bay Sands (MBS) next April. The venue will give the 2013 edition of Sea294 words
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TRANSPORT HUB: AVIATION
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Article, Illustration586 2012-09-05 21 VEN SREENIVASAN - Global market for passenger, freighter aircraft worth nearly US$4 trillion By VEN SREENIVASAN THE global aviation industry will need 28,200 new passenger and freighter aircraft (of 100 seats or more) worth nearly US$4 trillion between 2012 and 2031, according to European planemakerAFP - 586 words
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Article, Illustration356 2012-09-05 21 Bloomberg [MUMBAI] Liquor tycoon Vijay Mallya gave 59 billion rupees (S$ 1.32 billion) worth of guarantees last year to his Kingfisher Airlines Ltd as the Indian carrier struggles with losses and a cash shortage. Mr Mallya didn’t take any commission for the guaranteesBloomberg - 356 words
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Article, Illustration527 2012-09-05 21 Airline to grow fleet, speed up capacity increase by 10% Bloomberg [HONG KONG] China Eastern Airlines Corp, the nation’s second-largest carrier by passengers, will accelerate capacity growth in the second half to 10 per cent as it adds new planes and boosts internationalBloomberg; BLOOMBERG FILE PHOTO - 527 words
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521 2012-09-05 21 Reuters [NEW YORK] CNN, which has suffered from lower ratings and increased competition in the cable television market, is now facing a new challenge in an area it has dominated for two decades: airports. Clear Channel Outdoor Holdings is unveiling a newReuters - 521 words
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359 2012-09-05 21 Bloomberg [FRANKFURT] Deutsche Lufthansa, Europe’s second-larg-est airline, cancelled at least 294 flights yesterday as cabin crew widened their strike to three German airports in their second walkout of a 13-month wage dispute. Flight attendants were striking yesterday morning in Frankfurt and Berlin, and wereBloomberg - 359 words
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TRANSPORT HUB: LAND
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Article, Illustration440 2012-09-05 22 SAMUEL EE - French marque hopes to beef up brand image with diversified lineup By SAMUEL EE PEUGEOT distributor AutoFrance has expanded its product range to include bicycles and scooters in a move to strengthen the brand image of the French marque here. “We want440 words
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301 2012-09-05 22 Bloomberg [SANTIAGO] Brazil likely sold a record 400,000 cars in August, as government tax cuts and lower borrowing costs spur consumer spending that is helping the world’s second-biggest emerging market emerge from year-long stagnation. Fiat SpA, the country’s biggestBloomberg - 301 words
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Article, Illustration528 2012-09-05 22 Best-selling compact car critical to firm’s expansion targets Reuters [BERLIN] Volkswagen is hoping a sleek makeover will keep its Golf in the best-selling compact car spot, helping the German car maker overtake Toyota and GM as the world leader. VW has reportedReuters; REUTERS FILE PHOTO - 528 words
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Page 20 Advertisements
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Advertisement30 2012-09-05 20 Policy to be unveiled China to boost total retail sales of consumer goods to 32trillion yuanby 2015 32 trillion uan by 2015 To subscribe, call 6388-3838 or go to sphsubscription.com.sg30 words
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Page 21 Miscellaneous
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Miscellaneous343 2012-09-05 21 CRYPTIC CROSSWORD Across 1 Lass declared so wicked in ancient documents (4,3,7) 9 Apes a composer of anthems and madrigals (7) 10 Gangster and sweetheart getting everywhere (3,4) 11 Inedible 25 and bread sent back(3) 12 Raymond slithers, says Spooner? Anyone would, making these trips! (6,5) 14 Husband, not totally343 words
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Page 22 Advertisements
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Advertisement671 2012-09-05 22 Navigating the Challenges of Leadership STJOBS No.1 Who should attend: Executive management level, Middle management, Managers and Team leaders who want to develop their leadership skills No.1 Recruitment site in Singapore by FULL-DAY WORKSHOPS Marketing Magazine (2011) Register at www.stjobs.sg/seminars 7 Sep, 2012 (Fri) Coaching Gen Y to Better Performance671 words
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SINGAPORE STOCKS
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Article2954 2012-09-05 23 Transaction date: Sep 4 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 Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 132 92.5 AIMSAMPIReit 131 unch 6642,954 words
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Article178 2012-09-05 24 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 Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C'vr178 words
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Article8068 2012-09-05 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.95/ Aberdeen Asset Mat Asia Limited Asian Local "<fcy SD Bond 0.9839/ EM local Ccy8,068 words
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Article202 2012-09-05 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 AVJennings A29 +1 4 29 29 28.5 31.5 3.6 12.1 2.3 75.5 41.5 25.5 Genting HK US$ US33 -0.5 3554 33.5 32.5 32.5 33 2172.9202 words
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Article901 2012-09-05 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 126.8 122.2 CIMB APAC Div 100S$D 126.8 124.8 125.7 103 95.8 CIMB APAC Div 100US$ US102 99.3 100 10.7 1310 1246 CIMBASEAN40 100S$D 1292 1285901 words
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FINANCE & COMMODITIES
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Article636 2012-09-05 25 Sep 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8787.97 8804.44 8729.22 Sep12 8790.00 8815.00 8725.00 8765.00 *****9 *****3 Dec12 8725.00 8745.00 8665.00 8700.00 3853 ***** MSCI TAIWAN INDEX FUTURES SPOT 264.87 265.14 263.69 Sep12 263.70 264.60 263.00 263.30 ***** *****2 Oct12 263.40636 words
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373 2012-09-05 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 3 Index Change Change Change Change Change Change World Preliminary 899.6 0.2 8.4 0.0 4.1 0.1 8.3 EAFE Preliminary 717.6 0.4 5.2 0.2 0.5 0.3 4.5 Europe Preliminary 1092.3 0.8 6.4373 words
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Article107 2012-09-05 25 Aug 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1764.50 1770.25 1771.00 1753.00 Nov 12 1756.50 1763.50 1763.25 1745.50 Jan 13 1751.00 1757.50 1757.00 1739.00 Mar 13 1684.25 1680.25 1686.25 1663.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 56.42107 words
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Article70 2012-09-05 25 CRUDE OIL PRODUCTS Sep 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.09 0.54 WTI (Near Mth) 97.16 0.75 Dubai (1-Mth F) 111.23 0.64 Tapis blend 117.49 1.19 Minas 113.99 1.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.50 1.17 Jet Kerosene 134.64 1.37 US$/barrel OpecOil Basket70 words
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Article, Illustration120 2012-09-05 25 As on 3 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 562.95 560.65 561.45 643 GOLD FUT DEC2012 1695.90 1689.80 1694.40 18 CURRENCY EUR-USD FUT SEP2012 1.2607 1.2566 1.2596 2214 BASE METAL COPPER FUT DEC2012 7711 7662120 words
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Article22 2012-09-05 25 Sep 4 S$ Bid Offer 1-month 1.2447 1.2448 2-months 1.2447 1.2448 3-months 1.2446 1.2448 6-months 1.2439 1.2441 Source: OCBC22 words
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Article64 2012-09-05 25 Sep 3 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1908.00 1883.75 3 months 1927.00 1920.00 Copper, Grade A(US$/tonne) Cash 7674.75 7606.25 3 months 7679.00 7615.00 Lead(US$/tonne) Cash 1999.25 1964.50 3 months 1999.00 1965.00 Nickel (US$/tonne) Cash *****.75 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.50 3 months *****.0064 words
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Article80 2012-09-05 25 Sep 3 COCOA (£/tonne) Close Prev High/Low Sep 12 1652 1686 1686/1646 Dec 12 1664 1697 1698/1657 Mar 13 1656 1688 1687/1650 May 13 1661 1694 1692/1654 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2066 2038 2101/2036 Nov 12 2094 2077 2133/2074 Jan 13 2101 2092 2130/2084 Mar 13 210780 words
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1042 2012-09-05 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 500 6.25 20 Conv Ratio Baker Technology Ltd W*****6 1 0.1 100 1 32 33.00 2 Price Best World Intl Ltd W*****5 0.3 1 301,042 words
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Article470 2012-09-05 25 Sep 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.012 6.517 0.814 7.966 57.068 98.407 0.806 11.639 3.189 1.287 97.323 43.054 1.278 8.587 0.978 30.657 32.013 0.646 1.027 Canada 0.988 6.442470 words
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Article60 2012-09-05 25 Sep 4 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP60 words
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Article138 2012-09-05 25 Sep 4 GOLD(US$/oz) Sep 03 Sep 04 Hong Kong 1696.00 1699.50 Sep 04 Aug 31 Sep 03 London 1673.90 1693.37 1674.90 1694.59 Source: Thomson Reuters CAST BAR Sep 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 163 68 5gm 462 338 10gm138 words
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Article90 2012-09-05 25 Sep 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Dec-12 0.25 0.20 0.2 6-Month BS*****T 07-Mar-13 0.26 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.06 100.12 100.11 5-Year90 words
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Article57 2012-09-05 25 Sep 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2970.0 2920.0 2990.0 2936.0 385 3164 Oct 12 3055.0 2969.0 3055.0 2984.0 3423 ***** Nov 12 3100.0 3019.0 3100.0 3032.0 ***** ***** Dec 12 3125.0 3042.057 words
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Article154 2012-09-05 25 Sep 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2782 1.2787 1.0269 1.0272 Canadian dollar 1.2633 1.2641 1.0155 1.0149 Euro 1.5701 1.5706 1.2614 1.2617 NZ dollar 0.9931 0.9938 0.7979 0.7984 Sterling pound 1.9792 1.9799 1.5901 1.5905154 words
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Article121 2012-09-05 25 As at 9am Sep 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.305 1.243 Can dollar 1.293 1.232 Euro 1.605 1.529 Sterling pound 2.016 1.939 NZ dollar 1.021 0.973 US dollar 1.264 1.216 Local dollars to 100 units of foreign121 words
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Article161 2012-09-05 25 Sep 4 $S Offer Bid 0vernight 0.01 Par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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 12161 words
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3422 2012-09-05 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico *Loads3,422 words
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Page 26 Advertisements
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Advertisement56 2012-09-05 26 sH s P maintenanc services wanted Can they find your services here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 962056 words
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Advertisement18 2012-09-05 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement147 2012-09-05 27 TO ADVERTISE IN .The Business Times IIIL UUJIHLJJ IIIVIUJ Shipping times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Shipping Times m. A (Vs 1147 words
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executive Money
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Article, Illustration1084 2012-09-05 28 Poh Huay Imm - Beijing ready to roll out more measures to avoid or cushion a hard landing, says Poh Huay Imm Poh Huay Imm The writer is head of equities strategy Asia Pacific at Deutsche Bank Private Wealth Management THE economic conditions in China have turned out toBLOOMBERG - 1,084 words
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Article, Illustration1745 2012-09-05 29 Showing of equities, bonds and the dollar pales in comparison as investors expect policymakers to succeed in bolstering growth Bloomberg [LONDON] COMMODITIES beat equities, bonds and the dollar for a second consecutive month, the longest streak in more than a year, on mounting speculation thatBloomberg; AFP - 1,745 words
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Advertisement96 2012-09-05 28 IG MARKETS Protect your Stop, make it guaranteed. GUARANTEED STOP Take control of your risk when trading CFDs on forex, shares, indices and commodities, fora small premium. From as little as 0.1 point on indices or 0.8 pips on FX, Guaranteed Stops ensure no slippage if the market gaps. Regulated96 words
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Advertisement183 2012-09-05 29 SAXO CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg Traders move with trends. Experienced traders move with SAXO. 'I Experienced traders aren't swayed by trends. Regardless of situation and noise in the market place, they make the best-informed decisions that are backed by insights and analysis. Empower your online trading experience183 words
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Advertisement578 2012-09-05 30 111 I “I ft. jn/}. .1 1/' V; m>; V/w »v, MM IBSfeM' mp. 1 1 PM ymMm-l-. mv*/ jr. f MM at i JmZMSxSS kvl ri i^ldR f- i 1 «e O 4 .'i .■fflS IsPS v> lr 1 x«* Athletes don t spend years in training just to578 words
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