The Business Times, 12 September 2012
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2012-09-12
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The Business Times
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Title Section25 2012-09-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, eptember 12, 201225 words
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Article, Illustration606 2012-09-12 1 VIRGINIE MANGIN - By VIRGINIE MANGIN in Beijing IN a climate of worry, Chinese Premier Wen Jiabao has put on a brave face. He said yesterday that the world’s second biggest economy is well on track to achieve its 7.5 per cent growth target thisBLOOMBERG - 606 words
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MARKETS DIGEST
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Article65 2012-09-12 1 GST INDEX 3,016.40 (+7.68) GST INDEX FUTURES 3,015.00 (+8.00) GSIMSCI 346.95 (+0.86) GSIMSCI FUTURES 346.30 (+0.20) US$ S$ US$ (S$ per US$) 1.232 (US$/S$ per 1.603 1.974 EURO (US$/S$/€) 1.280 1.577 Foreign currency per US$ S$ YEN 78.20 63.50 RM 3.092 2.510 HK$ 7.754 6.295 BAHT 31.08 25.23 RUPIAH65 words
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Article48 2012-09-12 1 Tuesday Change KL COMP 1,614.24 -6.80 NIKKEI 225 8,807.38 -61.99 HANG SENG 19,857.80 +30.71 SET INDEX 1,248.32 -2.61 JAKARTA COMP 4,155.36 -5.30 MANILA COMP 5,186.05 -4.76 SEOUL COMP 1,920.00 -4.70 SHENZHEN B 576.06 -4.94 MUMBAI IND 17,852.90 +86.17 Noon EDT Change DOW 13,336.68 +82.39 NASDAQ 3,111.94 +7.9248 words
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Article17 2012-09-12 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.340 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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1066 2012-09-12 1 EMILYN YAP - It confirms it is acting with concert party and offer for conglomerate may follow By EMILYN YAP [SINGAPORE] Thai Beverage confirmed yesterday that it is working with another party to consider an offer for Fraser and Neave (F&N), which is in the process of1,066 words
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Page 1 Advertisements
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Advertisement13 2012-09-12 1 PROPERTY Far East to set up medical centre in Pacific Plaza PAGE 313 words
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Advertisement11 2012-09-12 1 EXEC MONEY BRIC stock funds losing their edge PAGE 29 **********0411 words
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Advertisement92 2012-09-12 1 HOCK LOCK SIEW Investors turned off by morally bankrupt system PAGE 4 fiiiilil mm®mmrnt®mmm i^UiggHgSS^vg^l^y* 11 w 5»->'»'»'-«:.'-*'*-• a*v SaSgSg gSg* sBssS m i 1 fswsys iruDOR ,r,i. A SHARED MARK OF DISTINCTION Two names driven by a passion for excellence. Once again SC Global and Porsche are proud to92 words
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Advertisement10 2012-09-12 1 TRANSPORT HUB Ferrari’s huge trickle-down effect from F1 PAGE 2110 words
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TOP STORIES
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Article, Illustration889 2012-09-12 2 FELDA CHAY - Fewer renewals and approvals, levy hike seen as triple whammy to firms By FELDA CHAY [SINGAPORE] For many small and medium-sized enterprises (SMEs), data released by the government showing a drop in renewal rates for Employment Pass(EP) and S Pass holders here889 words
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614 2012-09-12 2 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo TENSIONS over the disputed Senkaku Islands in the East China Sea ratcheted up a further and potentially dangerous notch yesterday as China sent two patrol ships to waters near the islands after the Japanese government confirmed its purchase614 words
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Article, Illustration838 2012-09-12 2 NYT [BEIJING] The strange disappearance from public view of China’s presumptive new leader is turning a year that was supposed to showcase the Communist Party’s stability into something of an annus horribilis. Over the past week, the new leader, Xi Jinping, has missed atNYT; AP - 838 words
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1016 2012-09-12 2 KALPANA RASHIWALA - Much depends on external economy, pull from low-cost countries By KALPANA RASHIWALA [SINGAPORE] Office leasing agents feel it is too early to tell if more financial institutions will move some of their back-office jobs out of Singapore to cheaper locations, following in the footsteps1,016 words
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Article443 2012-09-12 2 F&N offer may be brewing, says ThaiBev THAI Beverage confirmed yesterday that it is working with another party to consider an offer for Fraser and Neave, which is in the process of selling its stake in Asia Pacific Breweries to Heineken. This potentially shifts a fierce battle for443 words
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807 2012-09-12 3 NISHA RAMCHANDANI - It will open next year and cover floors six to twelve at Pacific Plaza By NISHA RAMCHANDANI [SINGAPORE] Far East Organization is launching a 36,000 square foot medical centre which is slated to open its doors at Pacific Plaza next year. The Scotts807 words
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Article, Illustration494 2012-09-12 3 SAMUEL EE - By SAMUEL EE [SINGAPORE] Economic uncertainty or not, tickets for the Singapore Grand Prix 2012 are selling out faster than in previous years. Thanks to its stronger branding, the fifth instalment of the Formula One race in the Republic saw 50 per cent ofAP - 494 words
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Advertisement1229 2012-09-12 3 V F-M A rewarding relationship can take you places With HSBC Premier, your journey starts with Singapore Airlines tickets and exclusive travel privileges*. HSBC Premier offers you a world of rich possibilities, laden with handpicked rewards and unique personalised attention to all your banking needs. With a network of over1,229 words
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COMPANY NEWS
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763 2012-09-12 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY COMMENTING on the difficulties that the Singapore Exchange (SGX) faces in attracting retail investors, Society of Remisiers president Albert Fong this week touched on one key reason that local stocks are drifting in low volume with little or763 words
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Article, Illustration415 2012-09-12 4 KENNETH LIM - Benefits of crossborder connection are long term, the exchange stresses By KENNETH LIM THE Stock Exchange of Thailand is aiming to join Singapore and Malaysia on the soon-to-be-launched Asean trading link in October, Singapore Exchange executives said yesterday at a media briefing.415 words
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193 2012-09-12 4 Bloomberg [NEW YORK] The Government of Singapore Investment Corp’s US$1.5 billion offer for resorts owned by hedge fund Paulson Co will move forward to an auction where GIC will lead the bidding. The Singapore sovereign wealth fund has agreed to buy theBloomberg - 193 words
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Article, Illustration732 2012-09-12 7 MALMINDERJIT SINGH - Record value of deals this year is more than triple previous year’s By MALMINDERJIT SINGH TOTAL M&A deals from Singapore into Vietnam hit a record high of US$72 million this year, a more than three-fold increase from t h e p re vSource: Kroll - 732 words
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COMPANY BRIEFS
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99 2012-09-12 7 AVIC International Investments has applied to Singapore Exchange for an extension of three months to complete the consolidation of its ship-trading related businesses. Under an undertaking relating to its admission to the mainboard on Sept 12, 2011, the ship-trading businesses, excluding shipbuilding, of99 words
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64 2012-09-12 7 JASPER Investments has appointed two additional directors, John Sunderland and Ng Chee Keong. Mr Sunderland, 58, joins the board as a non-executive, non-independent director and chairman of the board. Mr Ng, 63, joins the board as an independent director. In addition, David Chia who chairs64 words
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67 2012-09-12 7 MANUFACTURING Integration Technology said it had executed sale-and-purchase agreements to buy two units in North Spring Bizhub from SB (Northspring) Investment. The firm will be acquiring units #06-38/39 and #07-38 in the new industrial development at 7 Yishun Industrial Street 1. The company said67 words
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61 2012-09-12 7 CHALLENGER Technologies has appointed Tan Huat Ben as its chief operating officer with effect from Oct 1, 2012. He will be responsible for the merchandising, corporate sales, marketing and retail operations of the group. Mr Tan, 44, has since July 2011 been the61 words
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57 2012-09-12 7 SEMBCORP Marine has incorporated a new subsidiary, JED Centre Sdn Bhd, to provide engineering services. “The incorporation of the said subsidiary is not expected to have any material impact on the net tangible assets and earnings per share of the company for the current financial57 words
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53 2012-09-12 7 FOOD Junction Holdings yesterday announced the opening of a restaurant called The Boxing Crab next to the Underwater World at Sentosa. The 250-seat restaurant will offer seafood in three types of cooking styles Balinese, Chinese and Western. There will be more than 15 types53 words
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375 2012-09-12 8 VEN SREENIVASAN - Phonemaker making comeback with new smartphones due to reach S’pore soon By VEN SREENIVASAN COULD the return of Nokia mark the return of main-board-listed MdR? On Monday, the telephone equipment and aftermarket services company said it had been appointed as Nokia Pte375 words
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322 2012-09-12 8 JASMINE NG - By JASMINE NG TA Corporation has bought the entire business of Sino Tac Resources the sole distributor of BP motor oils and lubricants in Singapore for $2.8 million, as part of the property and construction group’s strategy to widen its income base. In322 words
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159 2012-09-12 8 Reuters HONG KONG] Asian insurer AIA Group Ltd has emerged as the front-run-ner to buy ING’s Malaysia and Thailand insurance operations, sources with knowledge of the matter said yesterday, in a deal that could be worth about US$2 billion. AIA’s purchaseReuters - 159 words
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Article, Illustration324 2012-09-12 8 THE Securities Investors Association (Singapore) is holding the third Singapore Corporate Governance Week from Oct 1-5. A key feature of the week-long programme is the Statement of Support by corporates to uphold and advance good corporate governance standards. This statement, which324 words
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Page 4 Advertisements
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Advertisement303 2012-09-12 4 Rutgers Rutgers Business School Asia Pacific Lead Excel with the Rutgers Executive MBA Founded in 1766, Rutgers, The State University is distinguished as the 8th oldest university in the United States. Rutgers Business School was established in 1929 and has offered the Executive MBA since the 1980s. The highly ranked303 words
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Advertisement120 2012-09-12 4 Lee Kuan Yew I I School of Public Policy Inspiring Leaders Improving Lives Transforming Asia m NUS National University of Singapore You are cordially invited to attend a Public Lecture by >- His Excellency Nguyen Phu Trong General Secretary Communist Party of Viet Nam For a Southeast Asia of Peace,120 words
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Advertisement159 2012-09-12 5 THE PLATINUM COLLECTION P L AT I N U M L I V I N G A R E A P L AT I N U M M AST E R S U I T E E X TRA O RDI N A R Y IN EVE R Y DE159 words
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SINGAPORE MARKETS
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Article, Illustration572 2012-09-12 6 R SIVANITHY - Weak Europe opening caps STI advance; Golden Agri-Resources tops actives list again but eases one cent STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday managed a 7.68-point rise to 3,016.40 in a listless session that saw players look West for guidanceSource: Bloomberg - 572 words
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Article186 2012-09-12 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 5 0 0 0 8 4 5 Manufacturing 34 54 49 8 7 8 42 61 57 Commerce 25 20 14 3 8 0 28 28 14 Tpt/Stor/Comms 16 18 5186 words
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Article123 2012-09-12 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,153 12,153 49,020 49,020 Manufacturing 251,086 128,022 379,108 233,097 5,691 238,788 Commerce 174,572 744 175,316 81,153 102 81,255 Tpt/Stor/Comms 86,105 11,396 97,501 130,520 3,433 133,952 Finance 33,411 1,189 34,600 143,792 503 144,295 Construction 57,274 2,799123 words
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Article109 2012-09-12 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.610 +0.005 CapitaLand 3.130 +0.020 CapitaMall 2.000 CityDev 11.220 +0.090 ComfortDelGro 1.650 +0.010 DBS Grp 14.560 +0.020 F&N 8.660 +0.110 GLP 2.430 +0.040 Genting SP 1.375 +0.025 Golden Agri 0.665 -0.010 HK Land 5.880 JMH 54.200 +0.400109 words
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Article66 2012-09-12 6 Sep 11 VALUE CLOSE BT OB/OS -53.00 +32.00 BT CADI -*****.00 +5.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 714.72 +0.53 FTSE ST Small Cap 475.13 +0.11 FTSE ST All Share 733.80 +1.56 FTSE ST China Top 197.50 -0.29 FTSE ST China 212.11 -1.13 FTSE66 words
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Article57 2012-09-12 6 VOLUME Golden Agri 80,212,000 Genting SP 69,310,000 Equation 60,594,000 GSH Corp 59,479,000 CCFH 51,705,000 Noble Grp 33,287,000 *Genting HK US$ 28,399,000 Blumont 27,362,000 HLH Grp 27,234,000 Contel 25,244,000 VALUE($) Genting SP 95,318,780 Wilmar 61,450,290 Golden Agri 53,389,075 F&N 48,525,740 SGX 41,677,350 Noble Grp 41,479,760 CapitaLand 37,402,220 UOB57 words
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Article, Illustration917 2012-09-12 6 KENNETH LIM - Complied by KENNETH LIM Cache Logistics Trust Sept 11 close: S$1.155 AmFraser Securities, Sept 11 WE initiate coverage on Cache Logistics Trust with a “buy” and a fair value of $1.291 based on discounted cash flow (DCF). Backed by a quality portfolio of logistics warehouse assets, Cache isSource: Bloomberg - 917 words
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Article, Illustration607 2012-09-12 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies rose to a four-month high before the Federal Reserve meets today, with investors looking for signs of further monetary easing that may boost inflows into emerging markets. Central banks in South Korea, the Philippines and Indonesia areBloomberg; BLOOMBERG - 607 words
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Article106 2012-09-12 6 BY CENTS CLOSE UP DBXT SPASX200 10US$ 3472 140.4 3.4 JMH 5420 49.3 0.7 JSH 3326 44.3 1.1 Spore Land 664 36.0 5.7 F&N.ES.1209 856 24.0 2.9 IS DJ US Tech 7605 12.3 0.1 UOB 5.05%NCPS 100 ***** 12.0 0.1 DBXT MSTaiwan 10US$ 1736 11.1 0.5 F&N 866 11.0106 words
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Article122 2012-09-12 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9851 -61.6 -0.5 DBXT MSJAP 10US$ 3455 -55.4 -1.3 IS S&P500 ***** -51.7 -0.3 DBXT DBCBLEB 10US$ 2134 -48.0 -1.8 DBXT FTVietnam 10US$ 2027 -43.1 -1.7 Jardine C&C 4663 -37.0 -0.8 DairyFarm 1105 -30.8 -2.2 GLD 10US$ ***** -30.8 -0.1 DBXT iBoxxSing122 words
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Page 7 Advertisements
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Advertisement149 2012-09-12 7 American Express Internationa) Inc., Crawford Road P.O. Box 852 Singapore *****2. www.americanexpress.com.sg American Express International, Inc., Incorporated with Limited Liability in the State of Delaware, U.S.A. ®Registered Trademark of American Express Company. Realise potential AMERICAN STING: 5$98, *****, SSI98 ***** (+SS3 SISTIC FEE) AVAILABLE AT ALL SISTIC OUTLETS BOOKING HOTLINE149 words
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SINGAPORE NEWS
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Article, Illustration417 2012-09-12 9 MINDY TAN - HDB has played an active role in managing disputes between DBSS flat buyers and developers: Khaw By MINDY TAN THERE is no rush to complete the review of the Design, Build and Sell Scheme (DBSS), given the government’s current priority to rampFILE PHOTO - 417 words
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406 2012-09-12 9 MINDY TAN - By MINDY TAN THE tender for a 99-year leasehold residential site on Dairy Farm Road has been extended by a week, following the introduction of a Development Control guideline on the maximum allowable number of dwelling units. The 188,861.2 square foot406 words
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529 2012-09-12 9 MALMINDERJIT SINGH - Shanmugam outlines Asean’s role on the issue By MALMINDERJIT SINGH SINGAPORE and Asean should be neutral when it comes to seeking a resolution between claimants in the South China Sea dispute, said Foreign Affairs Minister K Shanmugam yesterday. Outlining Asean’s role on the529 words
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514 2012-09-12 9 RONNIE LIM - It’s upbeat about future, with 1st plant starting up in Q1 ’13 By RONNIE LIM DESPITE the global economic slowdown, Germany’s Lanxess broke ground as scheduled yesterday for its second synthetic rubber plant investment on Jurong Island just months before its first514 words
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Article, Illustration469 2012-09-12 9 RONNIE LIM - Republic could develop into Asian LNG pricing centre By RONNIE LIM SINGAPORE is expected to decide on how best to source its future supplies of liquefied natural gas, including for power plants and industries here, by the first quarter469 words
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260 2012-09-12 9 GRACE LEONG - By GRACE LEONG FRENCH national Reynald Georges Victor Lasnel, one of three Europeans who allegedly conspired to deceive Resorts World Sentosa (RWS) into paying them $13,400 as winnings at roulette, was charged with two counts of cheating yesterday. With assistance from German260 words
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Advertisement34 2012-09-12 9 i/v/V JACKPOT Estimated Draw on Thu, 13 Sep 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always play with care, jresponsibiyj Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS34 words
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MALAYSIA/INDONESIA
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483 2012-09-12 10 [PETALING JAYA] Economists are cautiously optimistic on the Malaysian economy despite the Industrial Production Index (IPI) showing a contraction in July when compared with the preceding month, The Star daily reported. According to the Statistics Department, production at factories, utilities and mines gained483 words
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Article, Illustration473 2012-09-12 10 Hard to meet govt’s 6.8% forecast for next year due to slowdown in exports Xinhua [JAKARTA] Indonesian central bank governor Darmin Nasution has warned that the government’s target of 6.8 per cent economic growth for next year is too optimistic, citing slowingXinhua - 473 words
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730 2012-09-12 10 China’s downturn bad news for Indonesia and Bali LAT-WP [KUTA, Indonesia] In the seven years since Chinese Communist Party chief Hu Jintao visited Indonesia and signed a raft of economic agreements to underpin a new “strategic partnership” between the world’s biggest autocracy and South-east Asia’s largest democracy, Indonesia’s total tradeLAT-WP - 730 words
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270 2012-09-12 10 Reuters [JAKARTA] Palm oil exports to China from top producer Indonesia look set to rise this year, a Jakarta-based industry group said on Monday, despite fears that the slowdown in the world’s second largest economy may reduce consumption of the edible oil. China isReuters - 270 words
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Advertisement28 2012-09-12 10 K l i Tapas at Catalunya. Champagne at KuDeTa. Make Kiss92's first ever girls’ night out experience yours. Tune in to Kiss92 now. Partners: KU E TA SINGAPORE28 words
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Advertisement69 2012-09-12 10 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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Advertisement16 2012-09-12 10 www.omy.sg m Catch the Royal Couple’s Visit to Singapore on video! m rz More at news.omy.sg16 words
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GREATER CHINA/INDIA
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608 2012-09-12 11 M2 money supply grows 13.5%, below expectations for a 14% rise Reuters [BEIJING] Chinese banks extended 703.9 billion yuan (S$136.8 billion) of new local-currency loans in August, the central bank said yesterday, beating market expectations of 600 billion yuan and giving hopeReuters - 608 words
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272 2012-09-12 11 Delhi expected to lower cap to 49% after protests AFP [NEW DELHI] India’s government is to propose watered down legislation later this month to open up the retail sector to foreign supermarkets, news reports said yesterday. The Mail Today tabloid and Hindustan Times reportedAFP - 272 words
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Article, Illustration555 2012-09-12 11 Bloomberg [BEIJING] China, the world’s second-biggest oil consumer, increased petrol and diesel prices for the second time in about a month as rising crude costs threaten to curb profits at the nation’s largest oil refiners. The maximum at which petrolBloomberg; REUTERS - 555 words
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Page 11 Advertisements
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Advertisement848 2012-09-12 11 of of P nanyang TECHNOLOGICAL UNIVERSITY Nanyang Business School INTRODUCING THE NEW NANYANG MBA CURRICULUM NTU introduces a new MBA curriculum focusing on innovative leadership With the world of management education awash with thousands of MBA choices, what factors set one school apart from the others? Nanyang Business School’s MBA848 words
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ECONOMY WATCH
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597 2012-09-12 12 Bosses also wary of effects of Europe’s economic weakness, China slowdown Reuters [NEW YORK] Most US employers are unwilling to add workers because of uncertainty around November’s elections, the federal budget and the effect of Europe’s slowdown, according to a quarterly hiringReuters - 597 words
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394 2012-09-12 12 Reuters [SYDNEY] Australian business conditions improved in August as most firms enjoyed a rebound in sales and profits, though confidence took a hit as miners fretted about falling commodity prices, a survey showed yesterday. National Australia Bank’s (NAB) main measure of business conditionsReuters - 394 words
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Article, Illustration545 2012-09-12 12 Reuters [SYDNEY] Australia’s re-source-rich state of Queensland hiked taxes on coal miners yesterday, aiming to raise up to A$1.6 billion (S$2 billion) in extra revenue, just a day after miners announced cutbacks to deal with falling prices and rising costs. Top global miners BHP Billiton andReuters; BLOOMBERG - 545 words
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Article, Illustration318 2012-09-12 12 Reuters [WASHINGTON] US consumer credit fell in July for the first time in nearly a year as Americans reduced credit card debt, a worrisome sign for an economy that has struggled to create jobs. Consumer credit shrank by US$3.28 billion in July,Reuters; AP - 318 words
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Advertisement407 2012-09-12 12 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 SIX CONTINENTS PRIVATE LIMITED (In Members' Voluntary Liquidation) Reg No. *****1214K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at407 words
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Advertisement400 2012-09-12 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OTI TERMINAL PTE. LTD. (Members’ Voluntary Liquidation) Reg No. *****2935R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Seraya Avenue Singapore *****8 on the 5th day400 words
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Advertisement498 2012-09-12 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALLCO ORIGINATION PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****2378G) At an Extraordinary General Meeting of the Company duly convened and held at 8 Robinson Road, #12-00 ASO Building, Singapore *****4 on 7 September498 words
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Advertisement482 2012-09-12 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALLCO MANAGEMENT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****2233W) At an Extraordinary General Meeting of the Company duly convened and held at 8 Robinson Road, #12-00 ASO Building, Singapore *****4 on 7 September482 words
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Advertisement111 2012-09-12 12 SsangYong Your Perfect Business Partner Pictures for (Illustration purposes only. Actual vehicle and specifications may vary TH ALL W ISJ New Engine. New Styling. More Power. More Fun. sr r -A. -■’■r M r r m HOB i'K 3 YEARS OR 100.000KM WARRANTY CANOPY OPTIONAL HARD-TOP PARKING The all-new Actyon111 words
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WORLD
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Article512 2012-09-12 13 It acts as a drag on growth because the US is spending more on imports LATEST US DATA AP Reuters [WASHINGTON] The US trade deficit grew slightly in July as exports fell at a slightly faster pace than imports. The Commerce Department said yesterday thatAP; Reuters - 512 words
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228 2012-09-12 13 Reuters [WASHINGTON] US tax authorities have awarded US$104 million to a whistleblower in a major tax fraud case against Swiss bank UBS AG that widened a government crackdown on Americans avoiding taxes in Switzerland, the whistleblower’s lawyers said yesterday. Bradley Birkenfeld, freed last month fromReuters - 228 words
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Article, Illustration390 2012-09-12 13 Bloomberg [DUBLIN] It could have been where John Lennon and Yoko Ono spent their retirement, yet Dorinish Island became home only to grazing sheep and seabirds. Now, the land the size of a dozen soccer fields off Ireland’s west coast isBloomberg; BLOOMBERG - 390 words
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524 2012-09-12 13 In the election race, they can’t lose on that topic, says don Bloomberg [AMSTERDAM] Dutch politicians, clashing over the future of the euro area and austerity measures before tomorrow’s parliamentary elections, agree on one thing: toughening rules on banks. TheBloomberg - 524 words
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462 2012-09-12 13 AP [FRANKFURT] Deutsche Bank is to cut costs, shed risky investments and tighten executive pay practices as part of an effort to strengthen itself against a slackening global economy and more regulation. The shakeup follows a 100-day review by new co-CEOs JuergenAP - 462 words
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Article, Illustration726 2012-09-12 14 First male British Grand Slam champion since Fred Perry in 1936 Bloomberg [NEW YORK] Andy Murray overcame the wind, the US Open defending champion and the weight of threequarters of a century of tennis history to capture his first Grand Slam titleBloomberg; PHOTOS: AFP, AP, REUTERS - 726 words
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815 2012-09-12 14 Ohio plays a crucial, decisive role again It offers 18 of 270 electoral votes needed to win US PRESIDENTIAL RACE AP [MANSFIELD, Ohio] The US presidential race is all about the mid-western state of Ohio again. The economy has improved and so has President Barack Obama’s standing, putting pressure onAP - 815 words
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Article, Illustration347 2012-09-12 14 AFP [LOS ANGELES] US casino tycoon Steve Wynn won US$20 million in defamation damages on Monday after he was accused of planning to have a businessman killed and buried in the desert over a bad gambling debt. Mr Wynn was awarded the damagesAFP; REUTERS FILE PHOTOS - 347 words
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716 2012-09-12 14 Govt to monitor economy before deciding on extra policy measures Bloomberg [TOKYO] Cost-cutting by Japanese companies is dragging on wages, resulting in weaker consumer demand and a stronger case for monetary easing to counter deflation. Nationwide compensation fell to 243.5 trillionBloomberg - 716 words
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Article, Illustration1180 2012-09-12 15 Absence of malign inflation gives hope that a slump can be avoided this time Reuters [SYDNEY] Australia has a sorry history of turning resource booms into bust, but this time could be different. From the gold rush of the 1850s, to wool boomsReuters; PHOTO: REUTERS - 1,180 words
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693 2012-09-12 16 Subsidies for such biofuels to end after current legislation expires in 2020 Reuters [BRUSSELS] The European Union (EU) will impose a limit on the use of cropbased biofuels over fears they are less climate-friend-ly than initially thought and compete with food production,Reuters - 693 words
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Article, Illustration661 2012-09-12 16 UK retailers struggle as shoppers’ enthusiasm cools Reuters [NEW YORK] Shoppers the world over are stressed and forcing retail executives to be both more aggressive and more conservative heading into the year-end holiday period and new year. US retail executives are not reading tooReuters; AP - 661 words
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611 2012-09-12 16 It cites eroding margins, rising regulatory costs, uncertain local economy Reuters [LONDON] UK bank profitability is set to stay under pressure through to 2013 as margins erode and regulatory costs rise, while an uncertain domestic economy keeps the outlook for the UK bankingReuters - 611 words
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315 2012-09-12 16 Its sales could add up to 0.5% to Q4 growth: J.P. Morgan Reuters [NEW YORK] The next-gen-eration iPhone 5, which Apple Inc plans to release this week, could not only boost the tech giant’s bottom line but could give a significant boost toReuters - 315 words
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Advertisement245 2012-09-12 13 Invitation to Malaysia-Singapore Medical Devices Industry Networking There will be a 20-member delegation from Malaysia participating in Medical Fair Asia 2012 which will take place at Suntec Singapore from 12-14 September 2012, The objectives of the participation are to showcase Malaysian medical devices and equipment, promote Malaysia’s capabilities in the245 words
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Advertisement274 2012-09-12 15 m 0 Global Entrepolis Singapore 23-25 OCT i RESORTS WORLD SENTOSA SINGAPORE GES Business Leaders Summit 2012 Capitalising on Fast Changing Markets Join us at the 9 th GES Business Leaders Summit from 23 25 October 201 2 at Resorts World Sentosa, Singapore. More than 600+ top regional business leaders,274 words
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Advertisement1294 2012-09-12 16 EZRA HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1411N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Ezra Holdings Limited (the “Company”) will be held on 27 September 2012 at 10.15 a.m. (or so1,294 words
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Advertisement2395 2012-09-12 17 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ts« SEE HUP SENG LIMITED (Company Registration No. *****2208Z) RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 178,128,050 WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES IN THE CAPITAL OF SEE HUP SENG LIMITED (THE “WARRANTS2,395 words
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Advertisement2277 2012-09-12 17 TEE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore on 15 August 2000) (Company Registration No. *****7107D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of TEE International Limited (“the Company”) will be held at York Hotel Singapore, 21 Mount Elizabeth, Singapore *****62,277 words
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Page 18 Advertisements
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Advertisement38 2012-09-12 18 Tune in to Singapore’s first all new radio station in 20 years All the great songs in one place On Air 3 September kjCIMAs Li Share with us on: f www. f acebook. com kiss92f m @kiss92fm www.kiss92.sg38 words
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TransportHUB
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Article, Illustration919 2012-09-12 19 Faster economic growth boosts demand for chemical products Bloomberg [LONDON] Shares of chemical tanker companies are poised to rise more than 50 per cent in 12 months as faster economic growth and slowing fleet expansion bolster demand for the products used in everythingBloomberg; BLOOMBERG FILE PHOTO - 919 words
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Article256 2012-09-12 19 SGX '000 Sep 11 S$ +/-Vol CH Offshore 0.45 -0.01 219 Chuan Hup Hldg 0.25 unch 55 Cosco Corp 0.96 0.01 9610 s$ Ezra Hldgs 1.14 0.02 ***** First Ship Lea 0.12 unch 171 Freight Links 0.06 unch 594 Grand Banks 0.30 -0.01 23 Jaya Hold Ltd 0.55256 words
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Article, Illustration612 2012-09-12 19 DAVID HUGHES - Singapore’s lighter vessels are a lifeline, providing supplies to the many ships that call here STRAIT TALK By DAVID HUGHES WE have reached the stage where, if you can recall the sights and smells along the Singapore River when vastFILE PHOTO - 612 words
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462 2012-09-12 19 Bloomberg [SHANGHAI] SITC International Holdings Co, the operator of container ships linking about 10 Asian markets, said sales may jump ninefold within a decade as rising consumer spending and free-trade agreements spur regional cargos. Revenue can reach US$10 billion in five toBloomberg - 462 words
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Article, Illustration300 2012-09-12 19 AFP [SYDNEY] The Australian government yesterday announced plans to change its environmental protection laws to prevent a controversial super-trawler from fishing in its waters. The 9,500-tonne FV Margiris, recently reflagged as the Abel Tasman, is currently docked at Port Lincoln in South Australia, but underAFP; AFP PHOTO/GREENPEACE - 300 words
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TRANSPORT HUB: AVIATION
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Article, Illustration631 2012-09-12 20 Low-cost airline venture will pit Lion Air against AirAsia in regional travel AP Bloomberg [KUALA LUMPUR] Indonesia’s Lion Air said yesterday it will set up a low-cost airline in Malaysia that will take off in May 2013 as part of an aggressiveAP; Bloomberg - 631 words
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595 2012-09-12 20 Reuters [WASHINGTON] Senior Pentagon officials voiced frustration about the pace of Lockheed Martin Corp’s development of the US$396 billion F-35 Joint Strike Fighter programme at a high-level review, according to several sources familiar with the programme. Officials did not approve a comprehensiveReuters - 595 words
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Article, Illustration451 2012-09-12 20 Capital injection by state-owned parent higher than rivals’ Bloomberg [HONG KONG] China Eastern Airlines Corp expects to raise more than 2 billion yuan (S$399 million) selling shares to its stateowned parent, according to two people familiar with the situation. The offering will beBloomberg; BLOOMBERG FILE PHOTO - 451 words
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395 2012-09-12 20 AP [TUCSON, Arizona] The US government has halted flights home for Mexicans caught entering the country illegally in the deadly summer heat of Arizona’s deserts a money-saving move that follows a sevenyear experiment that cost taxpayers nearly US$100 million. More than 125,000 passengersAP - 395 words
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189 2012-09-12 20 Reuters [PARIS] Airbus sees demand from Germany for more than 1,000 new passenger aircraft and freighters over the next two decades, worth US$148 billion, as German air travel is growing, the planemaker said on the opening day of the ILA Berlin Air ShowReuters - 189 words
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TRANSPORT HUB: LAND
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Article, Illustration659 2012-09-12 21 SAMUEL EE - For Ferrari at least, the trickle-down effect is understood to be enormous By SAMUEL EE [SINGAPORE] There are clear benefits to brand positioning for those makes involved in Formula One racing and these generally result in improved car sales, though the link isFILE PHOTO - 659 words
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Article, Illustration654 2012-09-12 21 It plans to introduce 23 models of the German car by 2016 Bloomberg [FRANKFURT] For General Motors Co (GM) vice-chair-man Steve Girsky, it’s sink-or-swim time. As a GM director, the former president of Centerbridge Industrial Partners LLC opposed the sale of theBloomberg - 654 words
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Page 19 Advertisements
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Advertisement76 2012-09-12 19 m 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 X3 is the proud winner76 words
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Page 20 Advertisements
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Advertisement28 2012-09-12 20 &tk Lianhe Zaobao Increase in new loans higher than expected China's loan policy may be i iTVTi"relaxed" than imagined “Sift” To subscribe, call 6388-3838 or go to sphsubscription.com.sg28 words
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Page 20 Miscellaneous
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Miscellaneous357 2012-09-12 20 CRYPTIC CROSSWORD Across 1 Go round with Kingsley in haze as one distinctly sin-gle-minded? (10) 6 Fish not happy caught to be eaten (4) 9 Computer work? Some of the French start to kill time before it (7) 10 English newspaper has stories about socialists maybe (7) 12 Request from357 words
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Advertisement671 2012-09-12 21 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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EDITORIAL & OPINION
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499 2012-09-12 22 EDITORIAL THE announcement last week by the president of the European Central Bank (ECB), Mario Draghi, that the bank will launch a new bond-buying programme allowing for unlimited purchases of short-dated eurozone sovereign bonds on secondary markets was greeted with relief by the financial499 words
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Article, Illustration781 2012-09-12 22 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN the mid-1960s, when the world was dominated by the two superpowers the United States and the Soviet Union China routinely described their relationship781 words
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Article, Illustration871 2012-09-12 22 TILAK K DOSHI - This region’s dwindling supplies, rising demand make the US-Canada source logical By TILAK K DOSHI Dr Doshi is Principal Fellow Head, Energy Economics, Energy Studies Institute in Singapore SINGAPORE’S and, in fact, Asia’s energy supply landscape could be fundamentally changed by theAP - 871 words
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Article, Illustration1368 2012-09-12 23 DAVID INDIVIGLIO - Democrats and Republicans have different ideas over Medicare and Medicaid programmes REUTERS BREAKINGVIEWS By DAVID INDIVIGLIO US government healthcare programmes for seniors and the poor are in the spotlight. That’s partly because of Republican presidential hopeful Mitt Romney’s choice of budget guru Paul Ryan as hisAFP - 1,368 words
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Article, Illustration648 2012-09-12 23 SYLVESTER EIJFFINGER, EDIN MUJAGIC - By SYLVESTER EIJFFINGER, EDIN MUJAGIC Sylvester Eijffinger is professor of financial economics at Tilburg University in the Netherlands. Edin Mujagic is a monetary economist at Tilburg University Project Syndicate THROUGHOUT Europe and beyond, economists are debating potential solutions to the eurozone’s sovereign-debtProject Syndicate - 648 words
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3485 2012-09-12 24 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination3,485 words
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Page 24 Advertisements
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Advertisement28 2012-09-12 24 Corrs: Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times28 words
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Page 25 Advertisements
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Advertisement127 2012-09-12 25 TO ADVERTISE IN .The Business Times Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 The Business Times Shipping Times Publicise Your Del iver y Of^l Newbuildsil Ya Come127 words
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SINGAPORE STOCKS
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Article2964 2012-09-12 26 Transaction date: Sep 11 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 136.5 92.5 AIMSAMPIReit 136 -0.5 1062,964 words
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Article167 2012-09-12 27 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'vr167 words
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Article8142 2012-09-12 27 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 0.97/ Aberdeen Asset Mat Asia Limited EM local Ccy Bond .0 9596/ Global Emerging Markets!”8,142 words
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Article191 2012-09-12 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 41.5 25.5 Genting HK US$ US33.5 unch ***** 34.5 33 33.5 34 2205.8 220 168 TanChongInt HK204 unch 150 204 204 202 209 4.3 3.4 6.8 4108.4191 words
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Article981 2012-09-12 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 123 +2 3 123 123 120.3 123 561.5 127.1 120.4 CIMB APAC Div 100S$D 127.1 124.4 125.6 103 95.8 CIMB981 words
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FINANCE & COMMODITIES
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Article642 2012-09-12 28 Sep 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8811.33 8814.03 8769.47 Sep12 8865.00 8875.00 8770.00 8790.00 *****6 *****0 Dec12 8810.00 8810.00 8700.00 8725.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 265.99 266.54 264.98 Sep12 264.90 266.00 263.60 264.90 ***** *****4 Oct12 264.80642 words
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373 2012-09-12 28 In local curr In S$ In US$ dy yr dy yr dy yr Sep 10 Index Change Change Change Change Change Change World Preliminary 916.7 -0.1 10.5 -0.3 5.5 -0.1 10.8 EAFE Preliminary 727.8 -0.1 6.7 -0.4 1.8 -0.2 6.9 Europe Preliminary 1109.9 -0.2 8.1373 words
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Article, Illustration120 2012-09-12 28 As on 10 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 576.55 574.45 574.25 457 GOLD FUT DEC2012 1740.90 1729.90 1731.90 88 CURRENCY EUR-USD FUT SEP2012 1.2804 1.2772 1.2782 3579 BASE METAL COPPER FUT DEC2012 8156 8054120 words
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Article107 2012-09-12 28 Sep 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1713.00 1731.75 1732.00 1711.75 Nov 12 1718.75 1736.50 1744.25 1716.00 Jan 13 1718.25 1735.75 1743.00 1716.75 Mar 13 1662.50 1680.75 1686.00 1661.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 55.96107 words
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Article70 2012-09-12 28 CRUDE OIL PRODUCTS Sep 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.18 0.65 WTI (Near Mth) 96.42 0.10 Dubai (1-Mth F) 111.88 0.98 Tapis blend 118.16 1.47 Minas 114.31 1.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 110.17 1.23 Jet Kerosene 134.72 0.26 US$/barrel OpecOil Basket70 words
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Article22 2012-09-12 28 Sep 11 S$ Bid Offer 1-month 1.2313 1.2323 2-months 1.2313 1.2319 3-months 1.2313 1.2323 6-months 1.2309 1.2319 Source: OCBC22 words
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Article64 2012-09-12 28 Sep 10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2049.50 2010.00 3 months 2060.00 2023.00 Copper, Grade A(US$/tonne) Cash 8054.50 7958.75 3 months 8068.00 7970.00 Lead(US$/tonne) Cash 2105.00 2081.75 3 months 2120.00 2095.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article60 2012-09-12 28 Sep 11 (US$) (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$) 12 mths 0.***** SWAP60 words
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Article80 2012-09-12 28 Sep 10 COCOA (£/tonne) Close Prev High/Low Sep 12 1694 1704 1704/1671 Dec 12 1709 1716 1722/1673 Mar 13 1697 1706 1710/1663 May 13 1703 1711 1714/1669 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2059 2049 2058/2026 Nov 12 2059 2049 2060/2031 Jan 13 2069 2061 2071/2040 Mar 13 208080 words
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1071 2012-09-12 28 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 1 146 650 5.00 20 Conv Ratio Baker Technology Ltd W*****6 0.6 1 32 2 53.33 2 Price Best World Intl Ltd W*****5 0.3 1 30 781,071 words
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Article470 2012-09-12 28 Sep 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.574 0.810 8.047 57.494 99.386 0.811 11.709 3.208 1.276 98.182 43.127 1.278 8.523 0.979 30.815 32.252 0.647 1.038 Canada 0.991 6.512470 words
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Article135 2012-09-12 28 Sep 11 GOLD(US$/oz) Sep 11 Sep 10 Hong Kong 1734.20 1738.00 Sep Sep 10 Sep 07 London 1731.46 1736.59 1732.68 1737.53 Source: Thomson Reuters CAST BAR Sep 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 165 69 5gm 468 343 10gm 835135 words
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Article94 2012-09-12 28 Sep 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13-Dec-12 0.25 0.25 0.25 6-Month BS*****T 07-Mar-13 0.26 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.02 100.06 100.05 5-Year94 words
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Article57 2012-09-12 28 Sep 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2795.0 2824.0 2805.0 2770.0 317 1877 Oct 12 2851.0 2885.0 2893.0 2829.0 4015 ***** Nov 12 2910.0 2937.0 2924.0 2874.0 ***** ***** Dec 12 2958.0 2978.057 words
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Article154 2012-09-12 28 Sep 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2771 1.2794 1.0372 1.0382 Canadian dollar 1.2653 1.2670 1.0282 1.0276 Euro 1.5764 1.5780 1.2803 1.2805 NZ dollar 1.0004 1.0025 0.8125 0.8135 Sterling pound 1.9733 1.9753 1.6026 1.6029154 words
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Article121 2012-09-12 28 As at 9am Sep 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.295 1.234 Euro 1.615 1.539 Sterling pound 2.016 1.939 NZ dollar 1.027 0.979 US dollar 1.255 1.207 Local dollars to 100 units of foreign121 words
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Article157 2012-09-12 28 Sep 11 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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 12157 words
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executive Money
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Article, Illustration995 2012-09-12 29 Returns have slumped since the explosive years of 2001-2007, with losses of 8.6% in the past five years in dollar terms Reuters [LONDON] INVESTORS fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record low levels andReuters; REUTERS - 995 words
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Article, Illustration1271 2012-09-12 30 ‘Financial repression’ worked for 35 years after WW2, a period of strong growth. But it may not succeed in today’s different conditions NYT [NEW YORK] A CONSUMER complaint is ricocheting around the world: low interest rates are eating away at savings. BillTaren, a retiree nearNYT; REUTERS - 1,271 words
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Article, Illustration1019 2012-09-12 31 Long positions raised before talk of moves by Europe, US, China to revive global growth fuelled surge in prices for a sixth week Bloomberg [NEW YORK] HEDGE funds raised bullish commodity bets to the highest in 16 months before speculation that policy makers in theBloomberg; AFP - 1,019 words
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359 2012-09-12 31 Bloomberg [HONG KONG] Quantedge Global Fund, which uses statistical models to trade, returned 26 per cent this year to outperform macro hedge funds that are heading for their second-worst year on record. The fund run by Singa-pore-based Quantedge Capital Pte returned 6.2 per cent lastBloomberg - 359 words
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Advertisement87 2012-09-12 29 TV i Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow87 words
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Advertisement319 2012-09-12 30 TRAde The mARkeTs ON The mOVe CFDs AND FOREX Now on DealBook® for Android™ Never miss a market move with the latest addition to our award-winning dealBook® trading suite. designed for Android users, this app helps you stay in touch with the markets and execute trades wherever you are. Open319 words
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Advertisement182 2012-09-12 31 SAXO CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg Traders move with trends. Experienced traders move with SAXO. 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 experience today182 words
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Advertisement107 2012-09-12 32 iil 1 m m t mm. m i ii t m ft /i w I ,'\V.V; I IP MS is .'\V t < m m k i I i I 1 i I! r J. M t j 1 i i j r i I K sH i '1 o107 words
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