The Business Times, 5 June 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, June 5, 2013
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  • Article, Illustration
    Lock icon Medini housing project attracts huge demand
    623 1  -  Temasek-Khazanah partnership proves to be a major draw for investors By ONG CHOR HAO [SINGAPORE] Close to 1,600 applications were put in for the 147 units at Afiniti Residences in Medini, within the Iskandar region in Johor, notwithstanding a tax-rate hike on foreign property
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,291.35 (+0.27) EST INDEX FUTURES 3,292.00 (unch) GSIMSCI 370.26 (+1.85) GSIMSCI FUTURES 369.90 (+1.60) US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.530 1.917 EURO (US$/S$/€ 1.307 1.638 Foreign currency per US$ S$ YEN 100.20 80.00 RM 3.095 2.469 HK$ 7.763 6.193 BAHT 30.44 24.28 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,776.74 +10.41 NIKKEI 225 13,533.76 +271.94 HANG SENG 22,285.52 +3.33 SET INDEX 1,555.61 +16.35 JAKARTA COMP 5,021.61 +50.26 MANILA COMP 6,673.47 -89.91 SEOUL COMP 1,989.51 -0.06 SHENZHEN B 865.51 -13.51 MUMBAI IND 19,545.78 -64.70 12noon EDT Change DOW 15,260.02 +5.99 NASDAQ 3,473.35 +7.98
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN CANADA KOREA 9.33 BRITAIN Source: Bloomberg
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  • Article
    Lock icon MAS to inject new life into Islamic finance
    858 1  -  It is looking at shortening the approval process, providing more clarity on regulations By SIOW LI SEN [SINGAPORE] The Monetary Authority of Singapore (MAS) is working on giving another push to the fledgling Islamic finance business here, says Lim Hng Kiang, Minister
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      185 1 EXEC MONEY Abenomics yet to boost investment HOCK LOCK SIEW Ending QE: fundamentals do matter PAGE 5 INTERNET REGULATION MDA will be judicious, says minister PAGE 2 TRANSPORT HUB Strait Talk: Navigational challenge PAGE 20 PAGE 29 ASIA REDUX Look at Asia in a whole new light with the inaugural
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  • TOP STORIES
    • Article, Illustration
      Lock icon Minister: MDA will be ‘judicious’ with Internet regulation
      1059 2  -  But panellists at TV forum call new rule ambiguous, creating a ‘mental hurdle’ to entry for new players By [SINGAPORE] JOYCE HOOI [SINGAPORE] Yaacob Ibrahim, Minister for Communications and Information, assured the public yesterday that the government will continue to be “judicious”
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    • Article
      Lock icon Unilever to set up manufacturing facility, HQ in Myanmar
      329 2  -  By CARINE LEE UNILEVER is launching full scale business operations in Myanmar with a new manufacturing facility and headquarters in Yangon. The consumer goods company whose brands include Sunsilk, Lux, Ponds and Sunlight said yesterday it has made a “significant financial
      329 words
    • Article
      Lock icon Luxury goods inflation scratches the S’pore rich
      616 2  -  Risk-taking required for investment portfolios: Julius Baer By CAI HAOXIANG [SINGAPORE] For those leading a high-end life, there is precious little to complain about conspicuous consumption if they are spending Singapore dollars in Singapore. An index created by private bank Julius Baer featuring
      616 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      506 2 MAS to inject new life into Islamic finance THE Monetary Authority of Singapore is working on giving another push to the fledgling Islamic finance business here, said Lim Hng Kiang, Minister for Trade and Industry. It is looking at shortening the approval process and providing greater clarity and
      506 words
    • Article, Illustration
      Lock icon Indonesia cement company eyes overseas growth
      837 3  -  It plans US$200m plant in Myanmar; more such factories in S-E Asia By JEFFREY HUTTON in Jakarta INDONESIA’S biggest cement maker, PT Semen Indonesia, may step up the pace of its overseas expansion before a regional trading pact comes into effect in 2015. It
      PHOTO: REUTERS  -  837 words
    • Article
      Lock icon Lanxess outlines expansion plans in Singapore
      682 3  -  It opens 400m euro butyl rubber plant on Jurong Island By RONNIE LIM [SINGAPORE] Germany’s Lanxess which inaugurated its new 400 million euro (S$655 million) butyl rubber plant on Jurong Island yesterday, and with a second 200 million euro synthetic rubber facility under construction
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      356 2 Navigating through the Accounting and Treasury Landscape How do I stay ahead of the accounting developments and evaluate the implications of investing, financing and risk management decisions? Join us at PwC accounting and treasury workshop! We can help you to: focus on the critical changes in financial reporting standards; gain
      356 words
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      7 2 The best pure-play private bank in Asia.
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      161 3 with the freedom of your own personal assistant Experience the best of city living at Pan Pacific Serviced Suites Orchard, Singapore, where our attentive round-the-clock Personal Assistants will help ease you into the rhythm of daily life. Whether it is providing you with access to a range of support services
      161 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Reit IPO imminent as OUE ropes in ex-CEO of Ascott
      583 4  -  Group is open to adding on more properties after Reit’s listing By FELDA CHAY OVERSEAS Union Enterprise (OUE) has appointed a chief executive officer for its upcoming hospitality and retail real estate investment trust (Reit), a sign that it may
      FILE PHOTOS  -  583 words
    • Article
      Lock icon CDL unit to invest $25m in China real-estate fund
      643 4  -  This represents half of BEA Fund’s target capitalisation of US$50m By MICHELLE QUAH CITY Developments Ltd (CDL) looks set to tap the growth potential of China’s real-estate market by way of an investment in a closed-ended private equity fund by its
      643 words
    • Article
      Lock icon Ending QE: fundamentals do matter
      695 5  -  HOCK LOCK SIEW By R SIVANITHY STOCK markets have been rocked over the past week by worries that the US Federal Reserve might cease its bond buying programme, known as “quantitative easing” or QE, which is estimated to be worth US$85 billion per month. ome
      695 words
    • Article, Illustration
      Lock icon S’pore rigbuilders regain order momentum
      423 5  -  By LYNN KAN SINGAPORE rigbuilders are slowly regaining order momentum against aggressive competitors in China, which have pulled ahead in order tallies in the year to date. Keppel Corporation’s offshore and marine arm yesterday said it has clinched a US$800 million contract for a semi-submersible
      ST FILE PHOTO  -  423 words
    • Article
      Lock icon MDR partner GMS to distribute Nokia products in Myanmar
      318 5  -  By VEN SREENIVASAN MOBILE phone distributor MDR yesterday announced that its Myanmar partner, Golden Myanmar Sea Company Ltd (GMS), has been appointed by Nokia Sales International as a distributor of Nokia’s products in Myanmar. MDR’s Myanmar associate, MDR Myanmar Co Ltd,
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    • Article
      Lock icon BreadTalk opens $64.1m HQ in Paya Lebar iPark
      286 7  -  Building will serve as nerve centre of the F&B group’s global operations By CARINE LEE BREADTALK Group yesterday opened its $64.1 million international headquarters (IHQ) in Paya Lebar iPark at Tai Seng Street. The 10-storey building sits on 7,000 sq m of
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    • Article
      Lock icon Cacola inks 2 MOUs to acquire China goldmines
      258 7  -  By NISHA RAMCHANDANI CACOLA Furniture International has inked two separate non-legally binding memoranda of understanding (MOUs), each for a possible acquisition of a goldmine in China. The proposed deals, if either one proceeds to completion, will result in a change of control
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    • Article, Illustration
      Lock icon PEC adds $64m to its order book
      301 7  -  By ANDREA SOH PLANT and terminal engineer PEC Ltd has won new contracts, adding $64 million to its order book. The group, through its subsidiary PEC (Malaysia) Sdn Bhd in which it holds a 70 per cent stake, secured a contract to provide
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    • Article
      Lock icon Healthway raises $9.7m, details IHC distribution
      340 7  -  By CAI HAOXIANG HEALTHWAY Medical Corporation has completed a $10 million placement exercise to fund its expansion plans in China and its obligations in an associate company that is looking to list. The private healthcare group yesterday also announced its indicative timetable for a
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    • Article
      Lock icon Thomson View owners get more time to obtain Order of Sale
      287 7  -  By CARINE LEE WEE Hur Holdings yesterday said the consenting owners of Thomson View condominium have another six months to obtain an Order of Sale approving the collective sale and purchase of the condominium. The original deadline was yesterday.
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      90 4 1VA r > '4 I r V V r rvi 2K m r. -V. A i > r >v f>- SMALL WONDERS Mini greens are the next big culinary trend THE PEAK SELECTIONS GOURMET TRAVEL A PUBLICATION OF PEAK sPHmagazines THE PEAK SELECTIONS CHEF CREATES CUTTINGEDGE FOOD WITH SOIL AND
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      167 5 ►w* w*mm tfZSUf***** sSSraBS kL. > ''TY. 7 K V y;*35»J3K S'SsSSSB n c£> f “CiL* v?i zjJrJi- ViN r--£. r>-a‘r.. •f >5 a7 ts; v; 7 ■yp is N" vW r 1 N a 11 0 Ms eH 4 I •> JAPAN'S 3-MICHELIN STAR CHEF ESAKI SHINTARO ASCENDS AT
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US bounce helps stabilise stocks here
      596 6  -  ST Index finishes 0.27 of a point higher after shedding nearly 30 points earlier in the session STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday shook off a nervy start that saw it lose almost 30 points in the morning to
      Source: Bloomberg  -  596 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Jun 4 VALUE CLOSE BT OB/OS -163.00 +147.00 BT CADI -*****.00 +198.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 807.00 +15.07 FTSE ST Small Cap 603.26 +9.72 FTSE ST All Share 812.58 +3.52 FTSE ST China Top 209.74 +0.44 FTSE ST China 238.06 -0.78 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME SingHaiyi 267,197,000 New Wave 263,019,000 WE Hldgs 219,082,000 Xpress 162,876,000 Innopac 142,998,000 Matex 142,441,000 IPCO Intl 132,867,000 Magnus 132,431,000 Yongnam 72,830,000 CPH 69,221,000 VALUE($) DBS Grp 129,215,356 SingTel 93,345,060 UOB 73,184,300 OCBC Bk 68,991,043 GLP 61,895,600 Keppel Corp 52,809,110 CapitaLand 48,057,820 Ascendasreit 47,747,155 Yoma 46,476,720 CapitaMall
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 1 0 0 0 12 1 1 Manufacturing 81 33 23 12 8 7 93 41 30 Commerce 30 16 18 11 2 2 41 18 20 Tpt/Stor/Comms 25 8 7
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    • Article
      Lock icon BROKERS’ TAKE
      982 6  -  Compiled by CAI HAOXIANG Singapore Reits OCBC Investment Research, June 4 WE see two key factors driving the dramatic correction in the S-Reits sector over the last two weeks. First, increased expectations that the Federal Reserve could taper its bond purchases as early as H2 2013, and secondly,
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 104,578 104,578 99,688 99,688 Manufacturing 598,067 278,973 877,040 197,428 36,468 233,895 Commerce 239,007 314,834 553,841 106,278 33,256 139,534 Tpt/Stor/Comms 144,771 15,846 160,617 226,786 6,472 233,258 Finance 172,088 1,426 173,514 327,215 658 327,873 Construction 275,713 41,485
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.945 +0.005 CapitaLand 3.490 +0.040 CapitaMall 2.190 +0.070 CityDev 10.85 +0.100 ComfortDelGro 1.905 +0.015 DBS Grp 16.62 -0.230 GLP 2.730 -0.030 Genting SP 1.435 Golden Agri 0.575 +0.010 HK Land 6.810 -0.160 HPH Trust US$ 0.800 +0.005 JMH 64.38 -0.970 JSH
      115 words
    • Article, Illustration
      Lock icon Yen weakens as stocks rise; A$ falls
      475 6 CURRENCIES Bloomberg [LONDON] The yen weakened yesterday as Asian and European stocks gained amid waning speculation that the Federal Reserve will reduce monetary stimulus. Japan’s currency depreciated beyond 100 per dollar after climbing to the strongest in three weeks on Monday. Australia’s dollar
      Bloomberg; PHOTO: REUTERS  -  475 words
    • Article
      Lock icon RISES
      105 6 BY CENTS CLOSE UP DBXT MSJAP 10US$ 4297 234.3 4.5 GLD 10US$ ***** 85.2 0.5 Star Hub 418 13.0 3.2 ISDN Hldgs 122.5 12.5 11.4 B Sembawang 677 12.0 1.8 SGX 739 12.0 1.7 UOB 5.05%NCPS 100 ***** 12.0 0.1 CapitaComm 161.5 10.5 7.0 CityDev 1085 10.0 0.9 Hyflux
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN JMH 6438 -121.5 -1.5 JSH 3925 -86.5 -1.7 DBXT MSINDIA 10US$ 865 -35.1 -3.1 DBXT Nifty 10US$ ***** -33.8 -0.3 UOB.ES.1306 2078 -25.0 -1.2 DBS Grp 1662 -23.0 -1.4 DBXT S&P Short 10US$ 2989 -20.1 -0.5 HK Land 681 -20.1 -2.3 DBXT FTVietnam 10US$ 2577
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      420 7 SINGAPORE BUSINESS FEDERATION Apex Business Chamber NUS National University of Singapore NUS BUSINESS SCHOOL Eligible for PIC Scheme SBF-NUS Executive Leadership Programme Fundamentals of the Triple Bottom Line in Sustainability and Innovation: Assessment, Engagement, Implementation and Tracking. Dates: 20, 21, 22, 28 and 29 June 2013 Now more than ever
      420 words
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      114 7 STAND HIGHER Join the World Class a 1 The world class EMBA program where top executives converge. Ranked No. 1 in the world by Financial Times in the past four years Source: 2012,2011, 2010 and 2009 EMBA Survey by FT Meet with us to find out how you can realize
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  • SINGAPORE NEWS
    • Article
      Lock icon Asean customs integration key to single market
      406 8  -  Forum urged to ensure effective coordination By LEE U-WEN AS South-east Asia gears itself up to become a single market and production base by end-2015, the full benefits of this economic integration won’t be realised unless there are “efficient and harmonious” customs processes
      406 words
    • Article, Illustration
      Lock icon Lee Kuan Yew conferred honorary Doctor of Laws degree by NUS
      528 8  -  Award recognises his achievements, and international standing and vision By LEE U-WEN AT a ceremony attended by many members of his family, Singapore’s founding father Lee Kuan Yew was conferred an honorary degree by the National University of Singapore
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  528 words
    • Article
      Lock icon Temasek unit buys into Manila integrated resort
      280 8  -  By NISHA RAMCHANDANI FULLERTON Fund Management Company (FFMC), a subsidiary of Temasek Holdings, has bought a 5.02 per cent stake in Melco Crown Philippines Resorts Corp. FFMC has acquired 222.2 million Melco shares, according to the company, which is listed on the Philippine
      280 words
    • Article, Illustration
      Lock icon PR firm Newgate hires rival’s ex-S’pore head
      260 8  -  Terence Foo will set up local Newgate office with initial team of six consultants By KENNETH LIM LONDON-BASED public relations firm Newgate Communications has snagged two high-ranking consultants in Asia who split from rival Kreab Gavin Anderson (KGA) in 2012. Former KGA Singapore
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    • Article
      Lock icon PropNex agents SHARE their commission with needy kids
      240 8  -  By NG ZHUO YANG REAL estate agency PropNex has announced a partnership with the Community Chest to encourage its sales associates to pledge a portion of their commission to Community Chest’s work-place-giving programme, SHARE. According to the National Council of Social Service
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      1285 8 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m GOODLAND GROUP LIMITED (Company Registration Number: *****5522N) (Incorporated in the Republic of Singapore on 6 May 2004) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of the shareholders (the “Shareholders”) of Goodland Group
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      1327 9 ADVERTORIAL At the helm of a brave new world Graduates of SIM’s Global Education programme gain the tools a leader needs to ace it in corporate life FROM joining well-known multinational corporations, working in leadership positions in the civil service to even setting up their own businesses, it’s clear that
      1,327 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Jointly develop resources to avoid conflict: Najib
      528 10 Call to South China Sea claimants aimed also at preventing outside involvement Bloomberg [BANGKOK] Malaysian Prime Minister Najib Razak called for claimants in the South China Sea to jointly develop resources to avoid conflict and prevent “extraregional states” from becoming involved. Mr Najib
      Bloomberg; PHOTO: AP  -  528 words
    • Article
      Lock icon More mud-slinging in aftermath of GE13
      584 10  -  Utusan slams Phison CEO for helping fund DAP cyber-troopers By PAULINE NG in Kuala Lumpur IS the blame game and political finger-pointing in the aftermath of the divisive 13th General Election starting to hurt Malaysia’s investment climate? It doesn’t seem so at this point,
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    • Article
      Lock icon DRB-Hicom to redevelop Proton’s Shah Alam complex
      364 10 [KUALA LUMPUR] DRB-Hicom Bhd plans to redevelop Proton’s manufacturing complex in Shah Alam into an integrated development that will generate around RM4 billion (S$1.6 billion) in gross development value. According to Previn Singhe, founder and chief executive officer of Zerin Properties, a gross
      364 words
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      579 10 More Influence, Less Authority: Transform Yourself Into A Charismatic Leader Who should attend: Business Owners, CEOs, Managing Directors, General Managers, Branch Managers, Departmental Heads and Team Leaders Supervisors. 2013 JUNE SERIES FULL-DAY WORKSHOPS Speaking Persuasively The Charismatic Communicator Although few individuals are born with the ability to engage, motivate and
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      646 11 sg S a BS k 7/ 0 0 How to compete in the era of ‘smart.’ Q Police in Memphis used Big Data and analytics to verify patterns of criminal activity, which helped them change their strategy. J Sor/#/ networks shift value in the workplace from knowledge that people possess
      646 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India: generic drug sector safe, tightly regulated
      495 12 Declaration follows Ranbaxy’s US$500m US settlement over tainted medicines AFP [NEW DELHI] India, known as the “pharmacy to the world”, defended its lucrative generic drug industry as safe and tightly regulated, after the nation’s biggest drug firm pleaded guilty last month to US
      AFP  -  495 words
    • Article, Illustration
      Lock icon China, Costa Rica strike deals
      708 12 US$2b of projects include refinery, highway upgrades AFP [SAN JOSE] Chinese President Xi Jinping led a major trade foray into Costa Rica with agreements on projects worth nearly US$2 billion, including upgrades of an oil refinery, a key highway and public transport. “Relations between China
      AFP; PHOTO: AFP  -  708 words
    • Article
      Lock icon India’s gold imports up in May; more govt curbs likely
      546 12 Reuters [NEW DELHI] India imported around 162 tonnes of gold in May, a finance ministry spokesman said, much more than expected and making further measures from the government to curb demand in the world’s biggest bullion buyer almost certain. The
      Reuters  -  546 words
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      922 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 (1) CAMROCK CONSULTANTS PTE LTD Co Reg No. *****7790R (2) CAMRISE ACCOUNTING PTE LTD Co Reg No. *****5590N (In Members’ Voluntary Liquidation) At the Extraordinary General Meeting
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US economy set for biggest gain in a decade
      782 13 With Bernanke’s term ending next Jan, he could leave Fed on a high note Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke will leave behind a US economy poised to record its biggest advance in almost a decade when he makes his
      Bloomberg; PHOTO: REUTERS  -  782 words
    • Article
      Lock icon Analysts trim growth forecasts for Brazil, Mexico
      383 13 Latin America’s largest economies fall short of Q1 market expectations Bloomberg [MEXICO CITY] Analysts cut their growth estimates for Latin America’s two largest economies after expansion in both Brazil and Mexico missed economists’ expectations in the first quarter. Mexico’s economy will grow 2.96
      Bloomberg  -  383 words
    • Article
      Lock icon Aussie rates remain at record-low 2.75%
      431 13 Central bank stays hand, monitors effect of earlier cuts AFP [SYDNEY] Australia’s central bank kept interest rates at a record low 2.75 per cent yesterday, adopting a wait-and-see approach to a lower Aussie dollar and the impact of earlier cuts on the economy. The
      AFP  -  431 words
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      201 13 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF STS PARTNERS INTERNATIONAL PTE. LTD. (Company No. *****4374H) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE OF HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of
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      32 13 hOi'l JACKPOT Estimated Draw on Thu, 6 Jun 2013 at 6.30pm For details, visit www.singaporepools.com.sg IpLAvi Always play with care. [responsiblyf Do not bet illegally. RGB Reg No: *****0202G SINGAPORE El POOLS
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      82 13 Aim, Shoot, Score Are you a HR Professional looking to fill up vacancies in your company? Sign up with STJobs.sg now to take aim at the right candidate and access almost 100,000 registered users and resumes. STJOBS.sc Awarded Best in Cross 1.—Media Advertising (Silver) 315/ for Asian Digital Media Awards
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  • WORLD
    • Article, Illustration
      Lock icon IMF halves growth forecast for Germany to 0.3%
      532 14 Overzealous slashing of spending could dent growth further, it warns Berlin AP [BERLIN] The International Monetary Fund on Monday halved its growth forecast for Germany as the eurozone recession takes its toll on the bloc’s largest economy. In its regular assessment of
      AP; PHOTO: AFP  -  532 words
    • Article
      Lock icon EC seeks power to close failing eurozone banks
      515 14 Move at odds with call for decentralised approach by Berlin Bloomberg [BRUSSELS] The European Commission is seeking to give itself the power to shut down failing euro area banks as part of a draft crisis blueprint that defies German calls for a
      Bloomberg  -  515 words
    • Article
      Lock icon Online social games company Zynga cuts staff, closes offices
      381 14 Bloomberg [SAN FRANCISCO] Zynga Inc, the biggest maker of online social games, said it will cut 520 jobs, or 18 per cent of its staff, and close some offices amid disappointing results from its titles outside the FarmVille series. The reductions
      Bloomberg  -  381 words
    • Article
      Lock icon Lower corporate taxes still part of Abe strategy: aide
      666 14 Bloomb erg [TOKYO] Japanese Prime Minister Shinzo Abe still seeks to cut corporate taxes as part of a strategy to reverse two decades of economic stagnation, an effort that will take time to implement and bring results, a top adviser said.
      Bloomberg  -  666 words
    • Article
      Lock icon US sees big non-banks as potential system threats
      395 14 AP [WASHINGTON] US regulators have proposed that a group of firms that aren’t banks be deemed potential threats to the financial system that need stricter government oversight. Big insurers American International Group Inc (AIG) and Prudential Financial Inc, and General Electric Co’s
      AP  -  395 words
    • Article, Illustration
      Lock icon Ex-Porsche CFO fined 630,000 euros for credit fraud
      427 14 Bloomberg [STUTTGART] Former Porsche SE chief financial officer (CFO) Holger Haerter was fined 630,000 euros (S$1 million) by a German court for credit fraud in a criminal case over the refinancing of a 10 billion euro loan during a failed bid to
      Bloomberg; PHOTO: BLOOMBERG  -  427 words
    • Article, Illustration
      Lock icon Silicon Valley focus as Xi, Obama talk cyber-security
      655 15 High-tech firms seen as providing the front lines in heated cyber warfare AP [SAN JOSE] Chinese President Xi Jinping and his American counterpart Barack Obama will talk cy-ber-security this week in California, but experts say the state’s Silicon Valley and its signature
      AP  -  655 words
    • Article, Illustration
      Lock icon Tackle junk food to boost world economy: FAO
      551 15 AFP [ROME] The UN’s food agency yesterday said obesity and poor nutrition weigh heavily on the global economy and told governments that investing in food health would bring big economic as well as social returns. Lost productivity and spiralling health care bills
      AFP; PHOTO: AFP  -  551 words
    • Article
      Lock icon Myanmar to free all prisoners of conscience ‘soon’
      380 15 AFP [YANGON] Myanmar’s president said yesterday that his government would soon release all prisoners of conscience, as part of sweeping political reforms following the end of junta rule. Myanmar has formed a committee to review the cases of political detainees and “all
      AFP  -  380 words
    • Article
      Lock icon PICTET
      273 15 Pictet-Absl Rtn Glo Cons-P EUR 30/05/2013 EUR 103.05 Pictet-Absl Rtn Glo Div-P EUR 30/05/2013 EUR 116,48 Pictet-Asian Equities Ex Japan-P USD 31/05/2013 USD 180.08 Pictet-Asian Local Currency Debt-P USD 31/05/2013 USD 152.56 Pictet-Biotech-P USD 30/05/2013 USD 465,47 Pictet-Clean Energy-P USD 30/05/2013 USD 70.47 Pictet-Digital Communication-P USD 30/05/2013 USD 166,73
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    • Article
      Lock icon BlackRock warns against regulation of indexes
      522 15 Bloomberg [LONDON] BlackRock, the world’s largest asset manager, has warned against over-regulation of market indexes in the wake of the London interbank offered rate-rigging scandal. Most indexes are based on transaction data and would be burdened by extra costs if they are subject to
      Bloomberg  -  522 words
    • Article, Illustration
      Lock icon New York sues HSBC over foreclosure law violations
      440 16 Homeowners put at greater risk of losing homes: A-G Bloom berg [NEW YORK] HSBC Holdings plc broke New York foreclosure law and put homeowners at greater risk of losing their homes, according to New York Attor-ney-General Eric Schneiderman, who said he was
      Bloomberg; PHOTO: REUTERS  -  440 words
    • Article
      Lock icon Lenovo in talks on smartphone joint venture
      444 16 Reports identify the party as NEC a PC/tablet partner Reuters [HONG KONG] China’s Lenovo Group Ltd, the world’s No 2 PC maker by shipments, said yesterday that it was in preliminary talks with an unidentified party on a potential smartphone business joint venture.
      Reuters  -  444 words
    • Article
      Lock icon BASF to pump 10b euros into Asia-Pac by 2020
      440 16 It eyes 25b euros of regional sales by then, up from 11.7b euros in 2012 AFP [FRANKFURT] German chemicals giant BASF unveiled yesterday plans for a huge investment drive in the Asia-Pacific region, where it hopes to take advantage of above-average
      AFP  -  440 words
    • Article
      Lock icon Foreigners’ share of Aussie govt securities at 21/2-year low
      630 16 Bloomberg [SYDNEY] Foreigners’ holdings of Australian government securities have fallen to the lowest proportion of the total in 21/2years, as an improving global outlook damped demand for the safety of the top-rated debt. Offshore holdings declined to 68.9 per cent of
      Bloomberg  -  630 words
    • Article, Illustration
      Lock icon Microsoft CEO planning major reorganisation
      488 16 Number of business units will be cut in revamp, say sources Bloomberg [SEATTLE] Microsoft Corp chief executive officer Steve Ballmer is planning a reorganisation aimed at reducing the number of business units and putting more focus on devices and services, according to people familiar with
      Bloomberg; AFP FILE PHOTO  -  488 words
    • Article, Illustration
      Lock icon Dell cuts CEO’s pay package by nearly 14%
      410 16 WP [WASHINGTON] Dell cut chief executive officer Michael Dell’s compensation by almost 14 per cent last year after a decline in the company’s financial performance that’s leading to a bid to take it private. Mr Dell, the founder of the Round Rock,
      WP; AFP FILE PHOTO  -  410 words
    • Article
      Lock icon World Economic Forum doubles as Myanmar’s debutante ball
      644 17 Naypyidaw prepares to welcome 900 delegates from 50 countries for this week’s high-profile event AFP [NAYPYIDAW] Hundreds of global leaders, industry chiefs and foreign media are descending on Myanmar’s once-reclusive capital as the former pariah showcases its political and economic reforms in
      AFP  -  644 words
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      Lock icon Coca-Cola’s Myanmar bottling plant opens
      501 17 AP [YANGON] Coca-Cola began bottling its famous soft drink in Myanmar yesterday as part of a planned five-year, US$200 million investment after having no local production for more than 60 years. The company announced in a press release the ceremonial inauguration of its bottling plant
      AP; PHOTO: AP  -  501 words
    • Article
      Lock icon Panasonic is first official sponsor of SEA Games
      410 17  -  It will sponsor appliances at the Myanmar games By MALMINDERJIT SINGH [SINGAPORE] Japanese consumer electronics group Panasonic Asia Pacific (Panasonic) has stepped up to the plate as the first official sponsor of the South East Asian (SEA) Games to be held in
      410 words
    • Article
      Lock icon More than 60 countries sign new arms trade treaty
      596 17 The US holds back from joining first wave of signatories AFP [UNITED NATIONS] More than 60 countries on Monday signed a landmark conventional arms trade treaty, but the United States held back from joining the first wave of signatories while Russia
      AFP  -  596 words
    • Article, Illustration
      Lock icon Floods submerge many areas of Prague
      559 17 Germany, Slovakia, Hungary expected to be hit this week Reu ters [PRAGUE] Swathes of suburban Prague were under water yesterday after floods which have killed 11 people swept across central Europe, and the deluge moved towards Germany where more than 10,000 people have been
      Reuters; PHOTO: AP  -  559 words
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      97 15 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Yoma Strategic Holdings *****85 Wong Kin Wah 1 x 379,366 Limited Antonio NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date
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      60 15 LOOKING FOR A PLATFORM TO SHOWCASE AND PROMOTE YOUR PRODUCTS? ii M FOOD ELECTRONICS BAZAAR 2013 19-21 July 2013 Singapore Expo Hall 6 4th year running Attracting more than 120,000 visitors ft f BOOK NOW! booths available! For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie
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  • EDITORIAL & OPINION
    • Article
      Lock icon The new tech wave – adopt or adapt
      486 18 The new tech wave adopt or adapt EDITORIAL THERE’S a new wave of innovative technology sweeping across the globe, winning over millions of users and disrupting traditional business models. When the wave hit the newspaper industry not that long ago, forcing publications in the US and Europe in particular into
      486 words
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      Lock icon Slowdown of China is a good thing for world economy
      842 18  -  THE BOTTOM LINE WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own. THE world should stop panicking over China’s economic slowdown. It’s actually a good thing. It won’t comfort exporters in Japan, Singapore, South
      842 words
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      Lock icon India likely to lose its lead in outsourcing business
      1055 18  -  Top MNCs adopting global business services approach as they revamp operating structures By MILDRED TAN The writer is managing director, Ernst Young Advisory Pte Ltd RADICAL reorganisation of leading multinational companies’ (MNCs) operating structures could lead to the end of India’s
      PHOTO: REUTERS  -  1,055 words
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      Lock icon Low expectations from a summit
      1293 19  -  There isn’t much enthusiasm, or a consistent China policy in place, as Obama and Xi meet far away from Washington LEON HADAR Washington Correspondent IT’S not a secret that officials in Washington regarded the coming two-day summit meeting this week between US President Barack Obama
      PHOTO: AP  -  1,293 words
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      Lock icon TPP must not repeat FTA mistakes of last century
      749 19  -  By EDMUND SIM The writer is a partner at Appleton Luff, a boutique international law firm JAPAN’S recent decision to enter the Trans Pacific Partnership (TPP) free trade agreement (FTA) negotiations is a major inflection point for the TPP negotiating parties.
      749 words
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  • Transport HUB
    • Article, Illustration
      Lock icon Navigational challenge
      814 20  -  Poor translation aside, the Costa Concordia report shows that almost nothing was done according to proper procedure STRAIT TALK By DAVID HUGHES THE Costa Concordia disaster that took 32 lives happened some 15 months ago, but the official report on the accident by the Italian authorities has only
      PHOTO: REUTERS  -  814 words
    • Article
      Lock icon Big coal carriers set for rate rebound
      599 20 China fuel plan seen hitting Panamaxes, benefiting Capesizes Bloomberg [LONDON] Rates for the biggest coal carriers are poised to rebound from their worst-ever start to a year as China’s drive for cleaner coal doubles voyage distances, easing a record glut of shipping capacity.
      Bloomberg  -  599 words
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      Lock icon Huntington eyes higher profits despite flat sales
      650 20 Reuters [NEWPORT NEWS, US] Huntington Ingalls Industries Inc is on track to boost profit margins and keep paying dividends despite flat revenues in coming years, the US shipbuilder’s top executive said on Monday, citing ongoing efforts to cut costs and improve performance. Mike
      Reuters  -  650 words
    • Article
      Lock icon TRANSPORT STOCKS
      245 20 SGX '000 Jun 4 S$ +/-Vol CH Offshore 0.43 -0.01 606 Chuan Hup Hldg 0.27 unch 80 Cosco Corp 0.80 0.01 2128 s$ Ezra Hldgs 1.01 0.04 ***** First Ship Lea CH Offshore Freight Links Cosco Corp Grand Banks unch unch 0 Jaya Hold Ltd 0.61 unch 203
      245 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Airlines plan more spending on latest wide-body planes
        678 21 Interest surges as Iata revises up by 20% profit forecast for industry this year Bloomberg [LONDON] Airline executives are set to spend more on orders for the latest wide-body planes from Airbus SAS and Boeing as consolidation and cost cuts give them
        Bloomberg; PHOTO: BLOOMBERG  -  678 words
      • Article
        Lock icon Swiss Airlines to use Bombardier CSeries jets
        299 21 Bloomberg [CAPE TOWN] Lufthansa’s Swiss Airlines may use Bombardier’s new CSeries nar-row-body aircraft to eventually replace some of its Airbus SAS jets as the Canadian manufacturer prepares for the model’s first flight. A stretched version of the CSeries could be a suitable replacement
        Bloomberg  -  299 words
      • Article
        Lock icon ANA, JAL hope 787s will help boost profits
        511 21 Plan for more direct flights to US, Europe with Dreamliners Bloomberg [TOKYO] Japan Airlines (JAL) and ANA Holdings, the world’s two largest operators of Boeing 787s, are counting on the Dreamliner to boost profits as the carriers dump their fleets of 747s
        Bloomberg  -  511 words
      • Article, Illustration
        Lock icon Delta CEO takes over as Iata chairman
        310 21  -  By NISHA RAMCHANDANI DELTA Air Lines chief executive Richard Anderson has assumed the role of the International Air Transport Association’s (Iata) new chairman, taking over from Qantas Airways CEO Alan Joyce, as the 69th Iata annual general meeting (AGM) draws to a close
        PHOTO: BLOOMBERG  -  310 words
      • Article
        Lock icon Malindo to start flights to Singapore, India
        384 21 [KOTA BARU] Just over two months after it started operations, Malindo Air is talking about expansion. After August, the hybrid airline will start operating flights to Singapore and to New Delhi, Trichy and Cochin in India, The Star newspaper reported. It will also
        384 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Russia unveils 5 trillion rouble plan for high-speed rail links
        435 22 Big foreign firms such as Siemens and Alstom show interest in project Bloomberg [MOSCOW] OAO Russian Railways is planning more than five trillion roubles (S$196 billion) of highspeed rail links as the world’s largest country by land mass plans to
        Bloomberg; PHOTO: BLOOMBERG  -  435 words
      • Article
        Lock icon GM to boost exports of China-built cars
        477 22 Carmaker plans to increase shipments by 70% this year Reuters [BEIJING] General Motors Co (GM), the biggest foreign carmaker by sales in China, aims to boost its exports from the country by nearly 70 per cent this year because of strong demand for
        Reuters  -  477 words
      • Article
        Lock icon Dutch Railways wants to dump high-speed train
        379 22 AFP [THE HAGUE] Dutch national railways on Monday said they wanted to ditch costly high-speed trains made by Italian company AnsaldoBreda, three days after a similar decision was announced in Belgium. The Dutch Railways (NS) Board “has indicated that they no longer want
        AFP  -  379 words
      • Article
        Lock icon Ford closes gap with GM in American car sales
        444 22 NYT [DETROIT] For decades in Detroit, there was a clear pecking order among carmakers: General Motors (GM) sold the most in the United States, followed by Ford Motor and then the Chrysler Group. But in the world of the post-bailout car
        NYT  -  444 words
      • Article, Illustration
        Lock icon Volvo aims to catch up with rivals in China
        643 22 Bloomberg [SHANGHAI] Three years after buying Volvo Cars, Chinese tycoon Li Shufu may get to compete with Volkswagen’s Audi and BMW on a more level playing field in his own country. Volvo Cars, a unit of Mr Li’s Zhejiang Geely Holding
        Bloomberg  -  643 words
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      23 20 www.omy.sg 01 Singapore ampus Likes d fSh w Vote for SG's COOLEST Secondary School Uniform! Last 6 days! Closing: 10 June 2013 yzone.omy.sg
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      58 20 Where the brightest minds and best solutions converge a a c ASIA 10-12 JULY 2013 Marina Bay Sands, Singapore Singapore’s only dedicated office solutions and business event Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sp!l Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938
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      24 21 Western China replaces eastern region as new growth market for car sales market for #*’2+ msmsnzim To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      280 21 CRYPTIC CROSSWORD Across 7 One with raincoat returned, only for undergarment (8) 9 Fall for George Clooney? (6) 10 Tan’s fashionable on women (4) 11 Upset and tired with lungs bursting (10) 12 Figure Tory leader’s out of order (6) 14 Aggressor calculatingly holding back game (8) 15 Approve of
      280 words
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      24 22 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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      Lock icon Page 22 Advertisements Column 2
      152 22 SMARTS PASSENGERRAIL ASIA 2013 25 27 June 2013, Grand Hyatt Jakarta Event Highlights: Ministerial forum featuring key Indonesian ministers Closed-door luncheon with Indonesia's mayors and province representatives Future Directions Global and regional project showcase Technology showcase Key distinguished speakers include Djoko Kirmanto Minister Ministry of Public Works Indonesia Bambang Susantono
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  • Article
    Lock icon SHIPPING TIMES
    2800 23 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 Destination STXPO TBN Camden/New
    2,800 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3162 25 Transaction date: Jun 4 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 10.4 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 167 +6.5 2215 167 161 166
      3,162 words
    • Article
      Lock icon SGX CATALIST
      273 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 2.4 1.3 t Advanced System 1.6 unch 818 1.6 1.6 1.6 1.7 25.4 Vol Cooo) Day High Last Quote Low Buyer
      273 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10817 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited American Opp Asian Local Ccy SD Bond ...0.8617/ 1.0032/ Asian Smaller Cos!" ,2.0747/ EM local Ccy Bond 0 9768/ European Opportunities!"
      10,817 words
    • Article
      Lock icon GLOBALQUOTE
      258 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40 -2.5 3 40 40 40 44 3.6 8.8 3.2 148.1 52 30.5 Genting HK US$ US49 +0.5 6423 49 48 48.5 49 3226.4
      258 words
    • Article
      Lock icon SGX ETF
      941 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.8 5 118.8 118.8 117.5 118.8 542.3 143 120.4 CIMB APAC Div 100S$D 138 137.5 138.4 114.4 96 CIMB APAC
      941 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      637 27 Jun 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.60 *****.25 *****.94 Jun13 *****.00 *****.00 *****.00 *****.00 *****5 *****6 Sep13 *****.00 *****.00 *****.00 *****.00 1966 ***** MSCI TAIWAN INDEX FUTURES SPOT 293.57 294.95 292.24 Jun13 293.30 294.20 291.40 292.20 ***** *****9 Jul13 288.50
      637 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 3 Index Change Change Change Change Change Change World Preliminary 1054.3 -0.8 12.4 -1.3 12.4 -0.4 9.5 EAFE Preliminary 865.0 -1.4 11.7 -1.4 8.4 -0.5 5.6 Europe Preliminary 1245.4 -0.9 8.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Jun 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 5.931 0.741 7.512 54.867 94.840 0.970 10.868 2.995 1.206 95.367 40.665 1.213 9.428 0.919 28.937 29.458 0.633 0.968 Canada 1.001 5.937
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    • Article
      Lock icon SIBOR
      68 27 Jun 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 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      135 27 Jun 4 GOLD(US$/oz) Jun 04 Jun 03 Hong Kong 1415.00 1409.00 Jun 03 May 31 London 1408.09 1392.36 1409.81 1393.13 Source: Thomson Reuters CAST BAR Jun 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 363 284 10gm 649 568
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    • Article
      Lock icon GOVERNMENT SECURITIES
      94 27 Jun 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 05-Sep-13 0.24 0.20 0.2 6-Month BS*****H 29-Nov-13 0.26 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.94 99.98 99.98 5-Year
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    • Article
      Lock icon PALM OIL
      57 27 Jun 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2340.0 2340.0 2345.0 2334.0 24 1149 Jul 13 2379.0 2366.0 2381.0 2361.0 5005 ***** Aug 13 2383.0 2375.0 2388.0 2370.0 ***** ***** Sep 13 2386.0 2376.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Jun 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2124 1.2137 0.9676 0.9679 Canadian dollar 1.2136 1.2150 0.9689 0.9685 Euro 1.6372 1.6387 1.3066 1.3068 NZ dollar 1.0055 1.0068 0.8025 0.8029 Sterling pound 1.9165 1.9185 1.5295 1.5299
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    • Article
      Lock icon CHICAGO BOT
      109 27 Jun 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1532.50 1510.00 1540.75 1509.00 Aug 13 1458.25 1437.75 1466.00 1435.50 Sep 13 1367.00 1347.25 1376.25 1342.25 Nov 13 1325.50 1304.25 1331.25 1300.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • Article
      Lock icon LIFFE
      95 27 Jun 3 COCOA (£/tonne) Close Prev High Low Jul 13 1507 1491 1512 1487 Sep 13 1510 1496 1516 1491 Dec 13 1511 1497 1517 1492 Mar 14 1509 1495 1514 1490 COFFEE(US$/tonne) Close Prev High Low Jul 13 1884 1893 1897 1872 Sep 13 1914 1923 1926 1904
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1016 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Acma Ltd. W*****6 Conv Albedo Limited W*****9 Exer AlliedTech W*****2 Prem Asiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2.2 1 27 37 Expiry Best World Intl Ltd W*****5 1.5 1
      1,016 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jun 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.78 0.67 WTI (Near Mth) 93.33 1.52 Dubai (1-Mth F) 97.35 -1.56 Tapis blend 104.29 -1.26 Minas 97.99 -1.26 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.22 -1.39 Jet Kerosene 112.69 -1.54 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 4 S$ Bid Offer 1-month 1.2530 1.2540 2-months 1.2529 1.2540 3-months 1.2529 1.2540 6-months 1.2526 1.2543 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Jun-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1897.75 1877.75 3 months 1925.00 1906.00 Copper, Grade A(US$/tonne) Cash 7309.25 7280.75 3 months 7340.00 7309.00 Lead(US$/tonne) Cash 2224.00 2207.50 3 months 2224.00 2201.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jun 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.249 1.190 Can dollar 1.240 1.193 Euro 1.674 1.595 Sterling pound 1.955 1.880 NZ dollar 1.036 0.997 US dollar 1.277 1.217 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Jun 4 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      157 words
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  • executive Money
    • Article, Illustration
      Lock icon Abenomics yet to boost investment
      1289 29 Weak capital spending places fresh importance on PM Abe unveiling structural reforms within weeks to revive Japan Inc Bloomberg [TOKYO] HE “Abenomics” euphoria that has boosted the Japanese stock market 31 per cent this year has yet to convince chief executives to invest more in
      Bloomberg; AFP FILE PHOTO  -  1,289 words
    • Article
      Lock icon The way to produce a person
      851 28  -  You would be more likely to cultivate a deep soul if you put yourself in the middle of the things that engaged you most seriously COMMENTARY By DAVID BROOKS NYT [NEW YORK] YLAN Matthews had a fascinating piece about a young man named Jason
      NYT  -  851 words
    • Article, Illustration
      Lock icon Myanmar’s infrastructure being put to the test
      1026 28 Bloomberg [SINGAPORE] Myanmar’s efforts to catch up with the world around it after half a century of military rule is being put to the test this week as a summit of government and business leaders fills hotels and stretches phone networks. Myanmar hosts
      Bloomberg; PHOTO: REUTERS  -  1,026 words
    • Article, Illustration
      Lock icon S’pore is No 2 foreign buyer of US commercial properties
      1751 28 It has spent US$1.9b through April, twice the amount for whole of 2012 Bloomberg [SEATTLE] SINGAPOREANS, South Koreans, Israelis and Norwegians are accelerating purchases of US real estate as a growing economy and rebounding prices lure yield-hungry buyers from overseas.
      Bloomberg  -  1,751 words
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      84 29 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, grow and
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      247 30 Subscribe to SPH Directly Stay Connected Enjoy your news on PRINT, ONLINE, SMARTPHONES, or TABLETS when you subscribe direct. Same Service The same newspaper vendor will continue to serve you. No Surprises No untimely visits for payment collection. SPH Rewards Direct subscribers enjoy exciting rewards at sphrewards.com.sg THE BUSINESS TIMES
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