The Business Times, 9 June 2010
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2010-06-09
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The Business Times
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Title Section22 2010-06-09 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, June 9,201022 words
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Article, Illustration542 2010-06-09 1 WINSTON CHAI - Latest handset could be available across all telcos, unlike previous models By WINSTON CHAI [SINGAPORE] Apple’s fourth touch-screen phone and most advanced handset to date could also be the first iPhone to be sold across the board from theBLOOMBERG - 542 words
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Article, Illustration853 2010-06-09 1 KALPANA RASHIWALA - Price forecasts also likely to be moderated as bleak European picture leads to caution here By KALPANA RASHIWALA [SINGAPORE] Property consultants are getting ready to lower their projections for full-year developer sales. Some are also moderating their price expectations, though most853 words
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Article142 2010-06-09 1 ST INDEX 2,746.61 (-5.27) ST INDEX FUTURES 2,747 (-5) SIMSCI 323.40 (-0.16) SIMSCI FUTURES 322.60 (-0.40) FOREX US$ S$ US$ (S$ per US$) 1.413 (US$/S$ per 1.450 2.049 EURO (US$/S$/E) 1.196 1.690 Foreign currency per US$ S$ YEN 91.70 64.90 RM 3.323 2.351 HK$ 7.804 5.523 BAHT 32.62142 words
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Page 1 Advertisements
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Advertisement284 2010-06-09 1 EXEC MONEY EU crisis won’t stop Asian growth: SG PAGE 34 MOTORING $4.5m Bugatti saloon revs up interest here PAGE 4 MALAYSIAN PEWTER Hammering out 125 years of history PAGE 13 "It's when we follow our curiosity to discover new horizons, just like prehistoric hunters." Professor Jean-Louis Scartezzini, expert in284 words
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TOP STORIES
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Article, Illustration634 2010-06-09 2 PAULINE NG - Group plans IPO of AirAsia X next year so that ‘we don’t hurt each other’ By PAULINE NG MALAYSIA’S budget carrier AirAsia will embark on a public share sale of its long haul unit AirAsia X in the second half of next yearFILE PHOTO - 634 words
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Article, Illustration564 2010-06-09 2 MALMINDERJIT SINGH - Country is in talks with S’pore investors on 17,000km highway project By MALMINDERJIT SINGH [SINGAPORE] GIC and Temasek are in talks with India about investing in the largest road development project in the world, Indian Minister for Road Transport and Highways Kamal Nath toldREUTERS - 564 words
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Article678 2010-06-09 2 Consultants set to peg down estimates of developer sales PROPERTY consultants are getting ready to lower their projections for full-year developer sales. Some are also moderating their price expectations, though most don’t expect developers to chop prices any time soon given the still rosy picture for Singapore’s economy.678 words
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337 2010-06-09 2 Bloomberg [SINGAPORE] Foreign reserves in Malaysia, Singapore and Hong Kong fell in May as investors sold assets amid concern that Europe’s debt crisis will slow the rebound in the global economy. Malaysia’s reserves fell to RM312.21 billion, equivalent to US$95.5 billion,Bloomberg - 337 words
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Article, Illustration532 2010-06-09 4 Pace of recovery is moderate and rate hike timing not certain, he says Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said the US recovery probably won’t quickly bring down the unemployment rate, which is likely to stay “high for a while”.Bloomberg - 532 words
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529 2010-06-09 4 CONRAD TAN - 38-page document gives 6 principles in crafting regulations By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) has published a document explaining the principles that it says guides how it designs regulations for the financial sector here. The 38-page document sets out six529 words
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475 2010-06-09 4 VEN SREENIVASAN - By VEN SREENIVASAN AIRLINES yesterday slammed the German government’s decision to impose a new environmentlinked departure tax, likening it to a “cash grab” by a government struggling to raise funds to balance its budget. The International Air Transport Association (Iata) reacted sharply to the new475 words
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Article, Illustration527 2010-06-09 4 SAMUEL EE - By SAMUEL EE [SINGAPORE] At least three individuals here have expressed interest in the $4.5 million Bugatti 16 C Galibier, a new four-door supercar that is likely to be ready by 2012. According to a representative for Bugatti sales agent Malayan Motors,527 words
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389 2010-06-09 4 Reuters [LONDON] UK-based insurer Prudential said on Monday it would avoid big merger and acquisition deals in the wake of its failed bid for AIG’s Asia-focused AIA unit, pledging a period of stability instead. Prudential will concentrate on growthReuters - 389 words
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Page 2 Advertisements
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Advertisement18 2010-06-09 2 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.18 words
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Advertisement58 2010-06-09 3 Wealth Management Asset Management Investment Funds Custody Investor Services The expertise is local The network is global The independence is non-negotiable V; -J! WM m Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo Montreal Nassau58 words
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Page 4 Advertisements
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Advertisement125 2010-06-09 4 www.futurechina.sg FUTURE CHINA SINGAPORE The FutureChina Global Forum 12-13 July 2010 Ritz-Carlton Hotel, Singapore Platinum Sponsors BANK OF CHINA TEMASEK HOLDINGS Strategic Insights for Riding China's Next Decade Featuring insights and analyses from renowned personalities including Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG125 words
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Advertisement21 2010-06-09 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg21 words
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COMPANY NEWS
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Article499 2010-06-09 5 LYNETTE KHOO - Company acquires Gilroy’s dehydrated vegetable processing business By LYNETTE KHOO OLAM International has struck a deal to acquire the dehydrated vegetable processing business and related operating assets of a US-based company for US$250 million. The acquisition of the specified assets of Gilroy Foods Flavours, from499 words
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Article, Illustration410 2010-06-09 5 EMILYN YAP - Partners sought for residential and retail projects By EMILYN YAP VIETNAMESE developers said yesterday they are keen to pursue residential and retail projects in their country with Singapore partners such as CapitaLand. “I am happy to tie up with Singapore developers”410 words
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Article239 2010-06-09 5 NISHA RAMCHANDANI - By NISHA RAMCHANDANI BAKER Technology’s wholly owned PPL Holdings Pte Ltd (PPLH) and the latter’s fully owned E-Interface Holdings Limited have filed their defence against Sembcorp Marine in the High Court yesterday. Announcing this yesterday, Baker also said that PPL Holdings and E-Inter-face have filed239 words
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COMPANY BRIEFS
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Article79 2010-06-09 5 UOL GROUP and Filipino tycoon John Gokongwei Jr have both increased their stakes in United Industrial Corp (UIC) through open market purchases. UOL’s wholly owned subsidiary, UOL Equity Investments Pte Ltd, purchased 168,000 UIC shares from the open market at about $2.089 per share, increasing79 words
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57 2010-06-09 5 PAN Asian Water Solutions Limited has entered into a land use rights transfer agreement with Sino-Singapore Tianjin Eco-City Investment and Development Co to acquire a plot of land. The land, with a site area of 29,700 square metres, is located at Tianjin Eco-City, which57 words
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339 2010-06-09 5 Automotive mould factory targeting major car makers CHINA Kunda Technology Holdings has, through subsidiary Kunda Mould Company Limited, formed a 50 million yuan (S$10.37 million) joint venture with Jilin Guoan Group to establish an automotive mould manufacturing plant. Known as Changchun339 words
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Article, Illustration319 2010-06-09 7 MICHELLE QUAH - It will better serve growing number of Europe-based SGX customers By MICHELLE MICHELLE QUAH BOOSTING its efforts to connect international trading communities, the Singapore Exchange (SGX) said yesterday it has set up an office in London. Just a few streets from St Paul’s Cathedral, theBLOOMBERG - 319 words
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575 2010-06-09 7 JAMIE LEE - Daxin detains Nika I in Qingdao, bail set at US$2.8m By JAMIE LEE A SECOND vessel owned by First Ship Lease (FSL) Trust has been seized by the same creditor over claims of missing payment. Daxin Petroleum has detained the vessel, Nika I, yesterday575 words
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330 2010-06-09 7 JAMIE LEE - By JAMIE JAMIE LEE BURWILL Holdings will give up its secondary listing in Singapore on Sept 9 following the approval by Singapore Exchange (SGX) of its proposed voluntary delisting. The steel trader said in a regulatory filing yesterday that330 words
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728 2010-06-09 8 CHEN HUIFEN - HOCK LOCK SIEW By CHEN HUIFEN AT Parkway Holdings’ annual general meeting in April, someone sitting among the minority shareholders read out a statement requesting that board representation should be more proportionate to the stakes held by one of its major investors. That investor728 words
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Article, Illustration352 2010-06-09 8 NISHA RAMCHANDANI - The Zain deal makes Bharti Airtel the world’s fifthlargest mobile telco. It finalises US$10.7b acquisition of Zain’s mobile ops there By NISHA RAMCHANDANI INDIA’S Bharti Airtel, which is 32 per cent owned by Singapore Telecom, said yesterday it has completed its US$10.7 billion acquisitionREUTERS - 352 words
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291 2010-06-09 8 OLIVIA HO - By OLIVIA HO CONSTRUCTION group Tiong Seng Holdings has won a $146 million contract to build Tree House an eco-condominium project in Chestnut Avenue, off Upper Bukit Timah Road. The contract, won through subsidiary Tiong Seng Contractors (TSC), was awarded by291 words
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Page 5 Advertisements
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Advertisement264 2010-06-09 5 H. HHONORS HILTON WORLDWIDE 0 our^esca iw FS WXi •7 V WALDORF ASTORIA CONRAD Hilton <& DOUBLETREE ■S Hilton arden Inn HOMEWOOD SUITES b> Hilton Book your trips before 15 July and stay through 6 September 2010 at destinations in over 80 countries for up to 30% less. Best of264 words
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SINGAPORE MARKETS
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Article, Illustration571 2010-06-09 6 R SIVANITHY - Weak opening in European markets reverses early gains from short-covering STOCKS R SIVANITHY Senior Correspondent SHORT-COVERING yesterday helped lift stocks around the region after Monday’s rout. But once European markets opened in the red, selling and shorting resumed. At its best, the Straits Times IndexSource: Bloomberg - 571 words
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Article66 2010-06-09 6 Jun 8 VALUE CLOSE BT OB/OS 90.00 -8.00 BT CADI -*****.00 +53.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 666.52 +2.84 FTSE ST Small Cap 506.54 +0.69 FTSE ST All Share 677.18 -0.51 FTSE ST China Top 249.79 +0.04 FTSE ST China 279.49 -1.94 FTSE66 words
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Article55 2010-06-09 6 VOLUME Genting SP 90,079,000 Healthway 44,566,000 Golden Agri 39,251,000 UPP 35,145,000 GMG Global 28,457,000 SingTel 26,852,000 RafflesEdu 24,213,000 Baker Tech 22,174,000 Noble Grp 21,692,000 Armstrong 18,786,000 VALUE($) Genting SP 93,987,100 DBS Grp 80,373,040 SingTel 77,762,888 UOB 59,268,210 CapitaLand 41,715,488 Noble Grp 38,880,190 Wilmar 33,069,200 NOL 32,748,170 SembMar55 words
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Article186 2010-06-09 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 5 0 0 0 3 9 5 Manufacturing 57 37 60 9 3 12 66 40 72 Commerce 14 17 24 4 3 4 18 20 28 Tpt/Stor/Comms 17 7 16186 words
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BROKERS’ TAKE
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Article, Illustration538 2010-06-09 6 DMG Partners Securities, June 8 FOCUS on Reits with the ability to generate organic growth: We believe S-Reits will enter a period of differentiation, with a focus on the ability to generate organic growth apart from acquisitions. The hospitality sector is at the inflection point of its earningsSource: Bloomberg - 538 words
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Article, Illustration220 2010-06-09 6 JAMIE LEE - Compiled by JAMIE LEE June 8 close: $0.295 Kim Eng Research, June 8 RAFFLES Education fell yesterday following AIF Capital Asia III’s change of mind in buying 10 per cent of Oriental University City. In our view, the impact on fundamentals is insignificant although sentiment will be220 words
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Article117 2010-06-09 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,506 15,506 59,647 59,647 Manufacturing 205,252 9,233 214,485 175,036 243 175,279 Commerce 60,214 5,653 65,867 92,126 1,520 93,646 Tpt/Stor/Comms 92,769 162 92,931 187,942 21 187,964 Finance 16,821 16,821 181,952 181,952 Construction 13,888 3,911 17,799 3,432117 words
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Article107 2010-06-09 6 Stock name Close Change CapMallsAsia 2.080 -0.030 CapitaLand 3.540 +0.010 CapitaMall 1.820 -0.030 CityDev 10.440 ComfortDelGro 1.400 DBS Grp 13.340 -0.060 F&N 4.690 -0.040 Genting SP 1.040 +0.020 Golden Agri 0.495 HK Land 4.900 -0.070 JMH 36.500 -0.200 JSH 21.000 -0.280 Jardine C&C 28.740 -0.280 Keppel107 words
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Article, Illustration476 2010-06-09 6 CURRENCIES Reuters [NEW YORK] The euro edged up yesterday, as investors booked profits a day after the currency hit its lowest level against the dollar since early 2006, and the pound fell after a ratings agency urged Britain to cut its deficit. EuroReuters; BLOOMBERG - 476 words
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Article108 2010-06-09 6 BY CENTS CLOSE UP GLD 10US$ ***** 408.2 2.4 DBXT Nifty 10US$ ***** 73.4 0.5 DBXT S&P Short 10US$ 5577 57.9 0.7 DBXT MSKorea 10US$ 4297 38.1 0.6 DBXT MSINDO 10us$ 1108 24.0 1.6 Hotel Prop 261 24.0 10.1 OCBC Bk 5.1%NCPS 100 ***** 10.0 0.1 UOB 1878 10.0108 words
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Article117 2010-06-09 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4234-254.2 -4.1 DBXT MSTaiwan 10US$ 1401 -91.8 -4.4 Lyxor EasternEurope1 429 -70.6 -10.4 Lyxor India Nifty 10 1501 -59.0 -3.8 CIMBAsean40 100US$ 761 -49.4 -4.4 OUE 1650 -40.0 -2.4 JSH 2100 -39.6 -1.3 Pru 500US$ 760 -35.3 -3.2 JMH 3650 -28.3 -0.5117 words
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Article87 2010-06-09 6 Where S$ stands Jun 8 CHNG YR 2010 CLOSE FR Jun 7 S$ LOW S$ HIGH US$ 1.4161 0.10 1.4219 1.3680 Euro 1.6886 0.29 2.0153 1.6886@ Pounds 2.0375 0.43 2.2831 2.0003 A$ 1.1544 -0.04 1.2960 1.1515 Yen* 1.5488 -0.14 1.5927 1.4467 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.3405 0.0287 words
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Advertisement295 2010-06-09 7 In a perfect world, stability and strength would be universal. Unfortunately it isn't. So talk to the bank that's rated one of the safest in the world. With more than 4 decades of experience in Asia and a long history as one of Australia's leading banks, Australia and New Zealand295 words
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Page 8 Advertisements
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Advertisement150 2010-06-09 8 *$&r —Lk k_ m W Call us now for two free tickets (worth $400) onboard our luxurious Sunseeker yacht to Montigo Resorts, Nongsa. Promotion ends 30 th June 2010 The jewel in Nongsa's crown, Montigo Resorts is the perfect holiday home for the well-heeled. Discover an exquisite retreat where verdant150 words
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Advertisement685 2010-06-09 8 MATS Qgg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF CASE C PTE. LTD. (Company No: *****1989N) (in Members' Voluntary Winding Up) By way of Shareholders' Written Resolution dated 8th June 2010 the Special Resolutions set out below were685 words
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Advertisement46 2010-06-09 8 Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks 285S* CoflVP The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg46 words
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Page 8 Miscellaneous
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Miscellaneous13 2010-06-09 8 fo'JL'] JACKPOT rw lft> t < /I <* TOMORROW is RCB Reg No: *****0202G a13 words
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SINGAPORE NEWS
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SINGAPORE ROUNDUP
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55 2010-06-09 9 SINGAPORE International Water Week (SIWW) is working with the five local polytechnics to appoint almost 600 student ambassadors for the event. And to mark a growing awareness of water issues among young people, SIWW will host 15 events and initiatives for young leaders55 words
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76 2010-06-09 9 SINGAPORE will host the first Symposium on the Performing Arts of South-east Asia from tomorrow until Sunday. The event is an initiative of the International Council for Traditional Music, a non-governmental organisation under Unesco (the United Nations Educational, Scientific and Cultural Organization). The four-day76 words
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559 2010-06-09 9 UMA SHANKARI - It beat 6 others with bid of $131.7m, intends to build 300-unit condo By UMA UMA SHANKARI MCC LAND, a unit of Chinese state-owned enterprise Metallurgical Corporation of China (MCC Group), has emerged as the top bidder for a residential plot at559 words
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374 2010-06-09 9 Cavenagh Road site priced at $55-60m; Simon Lane $80-85m TWO residential sites one in Cavenagh Road and the other in Simon Lane are for sale by tender. The freehold Cavenagh Road site is being marketed by Knight Frank. It is fully owned by374 words
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431 2010-06-09 9 TEH SHI NING - Two key areas are ICT as well as MICE and retail services By TEH SHI NING INFOCOMM technology (ICT), and MICE and retail services will be two key areas of cooperation for Singapore and Tianjin in the coming year. Singapore companies have experience in431 words
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373 2010-06-09 10 CONRAD TAN - By CONRAD TAN ASIA’S economic growth could suffer in the next few quarters as exports to the West slow sharply due to sovereign-debt troubles in Europe and a lacklustre recovery in the US, Royal Bank of Scotland (RBS) analysts warned yesterday. Growth in China,373 words
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Article, Illustration132 2010-06-09 10 TSMP Law Corporation has organised a day out at Universal Studios Singapore for children with special needs. The 30 children who enjoyed Monday’s event attend SMILES, an after-school student care centre run by the Asian Women’s Welfare Association for children aged seven to132 words
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Article, Illustration358 2010-06-09 10 TEH SHI NING - Spillover from the crisis likely to affect trade: IMF deputy managing director By TEH SHI NING EUROPE’S debt woes could dampen its demand for Asia’s exports, International Monetary Fund (IMF) deputy managing director Naoyuki Shinohara said yesterday. Any spillover from the debt crisis358 words
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288 2010-06-09 10 ABIGAIL KOR - By ABIGAIL KOR AN international group of researchers from the National University of Singapore (NUS), DSO National Laboratories Singapore, Frankfurt University Hospital, University of Berne and the University of Glasgow, has made a major breakthrough in the treatment of generalised blood infections or sepsis.288 words
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624 2010-06-09 10 NATALIE KOH - NATALIE KOH speaks to Robin Loon, Elvira Holmberg and Casey Lim about Open-Studio, a process-centred programme SINGAPORE ARTS FESTIVAL NATALIE KOH MORE than halfway through the Singapore Arts Festival, the local audience has worked its way through a multitude of international shows the result of what624 words
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Advertisement287 2010-06-09 9 A STAR ALLIANCE MEMBER 4, sill v»J, -L. -V> 7Sz r j*ff w» 3§5£. ANNIVERSARY 1960-2010 -r~ ;'i ROYAL FIRST. ROYAL SILK. THE CELEBRATIONS CONTINUE... ttniliH First Class All inclusive fares from Frankfurt, London, Madrid, Munich, Paris, Rome, Zurich IIIM I m wsrawir rrrrm V H «gt 3* Celebrate with287 words
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Advertisement236 2010-06-09 10 iiiiDis SINGAPORE NINGBO IMPORT AND EXPORT FAIR 9 30 June-2 July, 2010 10:00- 18:30 Suntec Singapore International Convention V Wr J Exhibition Center (401 Hall) %*o/o G '0 IMP0* The 2nd Singapore Ningbo Import and Export Fair, an event organised by Ningbo Foreign Trade Economic Cooperation Bureau, China, will be236 words
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Advertisement1099 2010-06-09 10 j^W ik WATS NOTICES BUY IT- SELL IT- FIND IT TRANSIT-MIXED CONCRETE LTD Jl m\* (Incorporated In The Republic Of Singapore) Company Registration No.*****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 30th annual general meeting of Transit-Mixed Concrete Ltd will be held at Victoria Suite, Level1,099 words
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ECONOMY WATCH
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734 2010-06-09 11 Britain rejects plan to allow Brussels to vet budgets before domestic approval Bloomberg AFP [LUXEMBOURG] European Union governments vowed to police national budgets at an early stage and introduce a wider range of sanctions on excessive deficits to prevent a repeatBloomberg; AFP - 734 words
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Article, Illustration612 2010-06-09 11 Asia has strongest outlook, US jobs recovery is tepid Reuters [NEW YORK] Employers in most countries are more likely to add workers than three months ago, including those in the United States, but big gains are limited to emerging economies like Brazil, India and China,Reuters; REUTERS - 612 words
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232 2010-06-09 11 Reuters [STOCKHOLM] Iceland’s economy continued to inch out of recession in the first quarter, but conditions remain tough as the country recovers from its worst ever downturn, data showed yesterday. Gross domestic product grew 0.6 per cent in the first quarter fromReuters - 232 words
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640 2010-06-09 11 Deal will give him more leverage for proposals like global bank tax NYT [WASHINGTON] As congressional negotiators begin this week to merge two bills overhauling the financial system, the White House wants them to reach an agreement before President Barack ObamaNYT - 640 words
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Page 11 Advertisements
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Advertisement2745 2010-06-09 11 Excellent Investment!! »New Freehold Penthouse (29th floor, City IR View) »Luxurious Spacious 4,671 sq ft, 5 bedrooms Balcony »High 7m ceiling (living room »Minutes to Orchard Supermarket River Valley Primary »$9.33m ($1,999psf) Rudy Tedja 9686 9943 www. rudy. myweb .sg WATS 3 NOTICES PCA TECHNOLOGY LIMITED Company Registration No. *****0938N2,745 words
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MALAYSIA/INDONESIA
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Article, Illustration488 2010-06-09 12 Higher insurance costs expected with tighter US regulation in wake of Gulf spill Reuters [KUALA LUMPUR] Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia’s national energy firm Petronas said yesterday. “WithReuters; BLOOMBERG - 488 words
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409 2010-06-09 12 [JAKARTA] State-owned gas and oil company PT Pertamina plans to sell a 20 per cent stake in its unit, PT Pertamina Hulu Energi (PHE), via an initial public offering slated in late 2010 or early 2011, a senior official at the409 words
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313 2010-06-09 12 Bloomberg AFP [KUALA LUMPUR] Berjaya Corp, a Malaysian property, gaming and insurance group, fell to a three-month low after Prime Minister Najib Razak said that his government has yet to issue a sports betting licence to Ascot Sports Sdn in which BerjayaBloomberg; AFP - 313 words
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421 2010-06-09 12 Reuters [JAKARTA] Indonesia’s Finance Ministry raised 6.35 trillion rupiah (S$965 million) in a bond auction yesterday, beating its target of five trillion rupiah, amid renewed foreign demand due to a potentially benign domestic interest rate outlook. Total incoming bids were 17.11 trillion rupiah,Reuters - 421 words
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Page 12 Advertisements
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Advertisement2214 2010-06-09 12 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg fc Global Palm •X resources GLOBAL PALM RESOURCES HOLDINGS LIMITED (Company Registration Number: *****1345M) (Incorporated in the Republic of Singapore on 13 November 2009) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GLOBAL PALM RESOURCES HOLDINGS2,214 words
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MALAYSIAN PEWTER
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Article, Illustration1330 2010-06-09 13 PAULINE NG - Royal Selangor has gone from strength to strength after three generations but it is not one to rest on its laurels, reports PAULINE NG PAULINE NG OVER the Labour Day holidays, a large group of Chinese tourists at the School of Hard Knocks gamely1,330 words
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Advertisement1240 2010-06-09 13 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GRIFFITH LABORATORIES ASIA PTE. LTD. Company Registration No. *****635W (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(1 )(b)] At an Extraordinary General Meeting of Griffith Laboratories1,240 words
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Advertisement1448 2010-06-09 13 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg FfiSlECU #1 'gaSy FASTECH SYNERGY LTD Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of Fastech Synergy Ltd (the "Company") will be held on 29th June 2010 at 3.30 pm at Victoria Suites, Carlton Hotel Singapore,76 Bras1,448 words
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GREATER CHINA
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535 2010-06-09 14 Regulator aims to deter investors from betting on end to 23-month dollar peg, say sources Bloomberg [BEIJING] China is considering controls on yuan forward transactions to deter investors from betting on an end to its 23-month peg to the dollar, according to two peopleBloomberg - 535 words
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Article, Illustration540 2010-06-09 14 AFP Bloomberg [TAIPEI] The parent of Taiwanese IT giant Foxconn took a market beating yesterday after announcing hefty wage hikes in response to several factory suicides in China, as labour activists heckled its annual meeting. Hon Hai Precision Industry, which was holdingAFP; Bloomberg - 540 words
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420 2010-06-09 14 Bloomberg [TAIPEI] Societe Generale has recommended Chinese property shares after they slumped most among all industry groups this year on government efforts to quell asset bubbles. Investors should acquire “some of the property developers, which is quite contrarian,” Todd Martin, chief economist in Asia forBloomberg - 420 words
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Article, Illustration308 2010-06-09 14 Reuters [BEIJING] A Chinese farmer has declared war on property developers who want his land, building a cannon out of a wheelbarrow and pipes and firing rockets at would-be eviction teams, state media reported yesterday. Yang Youde, who lives on the outskirts ofReuters; AFP - 308 words
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397 2010-06-09 14 AP [BEIJING] China vowed yesterday to keep a tight grip on the Internet, saying in a white paper that it would continue to block anything considered subversive or threatening to “national unity”. The policy statement was released three months after a public dispute overAP - 397 words
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297 2010-06-09 14 Bloomberg [SHANGHAI] Chinese steelmakers are likely to cut production in the third quarter because of “weak” demand from auto and appliance makers, according to the nation’s second-biggest mill. Slower demand for steel may prompt smaller steelmakers to default on iron ore contracts inBloomberg - 297 words
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Advertisement30 2010-06-09 14 JERRY LUM Marketing Director, MBA, CES TDTHP+65 8288 0098 http://jerrylum.myweb.sg/ fiAS-.fl; Lianhe Zaobao What's his secret to keeping workers happy and motivated? To subscribe, call 6388-3838 or go to sphsubscription.com.sg30 words
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Advertisement18 2010-06-09 14 www.omy.sg f n 4i <1 t f ♦KS @Blog hW WM W,,, aWCa Lingzhi@South Africa h «p://.wi«er.c.mfl'n»»h'SA2010 ll«l»18 words
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INDIA
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Article, Illustration593 2010-06-09 15 It’s concerned hike will stoke inflation, which is already highest among G-20 Bloomberg [NEW DELHI] India delayed a decision to raise prices of fuels including petrol and diesel on concern higher costs will stoke inflation, already running at the fastest clip among theBloomberg; REUTERS - 593 words
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277 2010-06-09 15 Bloomberg [NEW DELHI] India may sell shares in state-run companies to select investors to meet new rules that cap ownership at 75 per cent, a Finance Ministry official said yesterday. The government may consider sales to large investorsBloomberg - 277 words
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227 2010-06-09 15 Reuter [NEW DELHI] Indian private retailer Essar Oil will speed up planned expansion of its retail network if the government decides to deregulate fuel prices, a senior company official said yesterday. S Thangapandian, head of marketing, said Essar plans to increase its retail networkReuter - 227 words
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161 2010-06-09 15 Reuters [MUMBAI] Indian real estate firm Lodha Developers plans to invest 20 billion rupees (S$603 million) to build a 117-storey residential tower in central Mumbai, its managing director said yesterday. The company, which plans to launch a US$650 million initial public offeringReuters - 161 words
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Page 15 Advertisements
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Advertisement214 2010-06-09 15 AUSTRALIA'S LATEST LUXURY FREEHOLD WATERFRONT INVESTMENT Gold Coast- Queensland EXCLUSIVE EVENT FIRST SINGAPORE LAUNCH Salacia Waters Benefits y From only AUD$46,000 deposit Positive cashflow* Buy off the plan freehold 24 hour onsite security Close to education precinct i <3? <r SALACIA WATERS V? Salacia Waters Features Private marina Waterside alfresco214 words
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Advertisement165 2010-06-09 15 Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways in South East Asia Beijing, Seoul,165 words
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ASIA-PACIFIC/WORLD
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Article, Illustration808 2010-06-09 16 ANTHONY ROWLEY - But Kan reappoints many members of the former Hatoyama Cabinet By ANTHONY ROWLEY JAPAN’S new prime minister Naoto Kan was formally sworn in yesterday and immediately moved to distance himself from some of the attitudes and alliances of his predecessorBLOOMBERG - 808 words
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261 2010-06-09 16 AFP [LONDON] The World Cup could cost British businesses a fortune in lost production as employees take time off and waste time nattering about the tournament, a managers’ body said yesterday. The Chartered Management Institute (CMI) said the football competition in South AfricaAFP - 261 words
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Article, Illustration402 2010-06-09 16 AFP [MANILA] Benigno Aquino was declared the winner of the Philippine presidential election yesterday, nearly a month after voters went to the polls embracing his pledge to fight corruption and ease deep poverty. Following a drawn-out vote tallying process, parliament finally released theAFP; AP - 402 words
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617 2010-06-09 16 Detractors say plans make savings on the backs of the poor AFP [BERLIN] Industry, trade unions and the press piled on embattled German Chancellor Angela Merkel yesterday over drastic budget cuts, accusing her of belttightening without a vision for Europe’s topAFP - 617 words
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471 2010-06-09 16 LEE U-WEN - By LEE LEE U-WEN THAI Prime Minister Abhisit Vejjajiva has named a former attorney-general to head the probe into last month’s deadly street violence, a move that has already been slammed by the opposition for fear of a “whitewash”. Mr Abhisit announced yesterday that471 words
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406 2010-06-09 16 The bank now risks being drawn into costly civil litigation AP [GENEVA] The Swiss government suffered a severe blow yesterday as nationalist and left-wing lawmakers blocked a treaty with the United States that would have allowed UBS to hand overAP - 406 words
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Page 17 Advertisements
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Advertisement153 2010-06-09 17 r.V 1 -\r v A- ;p v.yje. iUW: V\ivT>'. r v<A v.»- < 'M IF v: ■V«- ■■>• 1 .v.-1 mjx ;'-At>rY4 3-. £jv TAKES YOU TO THE BOP OF LUXURIOUS LIVING Sky@eleven, the blueprint for the future of quintessential luxury living experience, is brought to you by Times Development153 words
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Advertisement608 2010-06-09 18/19 V THE EPITOME OF LUXURY LIVING III r>- 19 ±=5 UNMATCHED SPACIOUSNESS The privilege of space is beyond compare at every Sky@eleven apartment. Indeed, it is among the distinguishing factors that differentiate the development from the rest. In every apartment and penthouse, generous balconies, as well as dining and living608 words
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Advertisement256 2010-06-09 20 SIMPLY SPECTACULAR Sky@eleven stands out for its exciting innovation in architectural design. The distinctive Sky Terraces on the 22nd storey, with well-equipped gyms and private outdoor sanctuaries that capture the most magnificent views, are perfect places to retreat and unwind in style. Yet, the excitement of the city as well256 words
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WORLD
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Article, Illustration874 2010-06-09 21 He says corners may have been cut on safety and promises a full investigation Bloomberg Reuters [WASHINGTON] President Barack Obama, citing possible safety shortcomings before the worst US environmental disaster, said that he is looking for “whose ass to kick” in responseBloomberg; Reuters; REUTERS - 874 words
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286 2010-06-09 21 NYT [NEW YORK] The owner of Kroll, one of the best-known providers of corporate investigative services, agreed on Monday to sell the firm to Altegrity, another security specialist, for US$1.13 billion in cash. The deal will bring together two big players in theNYT - 286 words
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Article, Illustration697 2010-06-09 21 AP [LONDON] Rising player salaries are threatening the future of the sport across Europe, a survey of football finances says. Deloitte’s annual study says total revenues among the 92 top English professional clubs grew by £100 million (S$203.9 million) and exceeded £2.5 billionAP; REUTERS - 697 words
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400 2010-06-09 21 Canadian firm seen as very stable partner: CEO Bloomberg [TORONTO] Donald Guloien, Manulife Financial’s chief executive officer, said that the Canadian insurer stands to benefit from “confusion” in Asia surrounding the status of American International Group’s local unit. “The more there’s confusionBloomberg - 400 words
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359 2010-06-09 21 Reuters Bloomberg [NEW YORK] A US government commission investigating the financial crisis has issued a subpoena to Goldman Sachs Group Inc for failing to comply with a request for documents and interviews in a timely manner. The documents and interviews were requestedReuters; Bloomberg - 359 words
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Transport HUB
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Article, Illustration341 2010-06-09 22 The increase in container rates on Asia-US routes bolsters industrywide efforts to end losses Bloomberg [SHANGHAI] China Cosco Holdings Co, China’s largest container line, said it has won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses. The company hasBloomberg; BLOOMBERG - 341 words
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291 2010-06-09 22 AP [LONDON] British officials said on Tuesday they would double the number of inspections carried out at oil rigs in the North Sea following the disastrous leak at a BP-operated installation in the Gulf of Mexico. Britain’s DepartmentAP - 291 words
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Article778 2010-06-09 22 DAVID HUGHES - The shipping industry needs to attract and retain newcomers STRAIT TALK By DAVID HUGHES ANEW Japanese study on the future global supply and demand of seafarers predicts that by 2020 the shipping industry will need to recruit an additional 32,153 officers and 46,881 ratings above778 words
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1200 2010-06-09 22 HONG CHEW HWEE - By CHEW HWEE HONG The writer is founder and managing director of Ecospec Global Technology IT has been a tradition and a fact too, that new technologies or innovations always start onshore before they go offshore. Baby boomers born between 1940s and 50s witnessed1,200 words
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Article274 2010-06-09 22 SGX '000 Jun 8 S$ +/-Vol CH Offshore 0.52 0.01 637 Chuan Hup Hld unch unch 0 Cosco Corp 1.39 unch ***** CWT Ltd 0.87 0.01 494 Ezra Hldgs 1.79 0.02 5404 First Ship Lea 0.44 -0.01 1399 Freight Links 0.05 unch 345 Grand Banks unch unch 0274 words
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TRANSPORT HUB: AVIATION
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Article, Illustration432 2010-06-09 23 Buoyed by a bullish outlook, more business is expected for this year’s ILA AFP Reuters [BERLIN] Already playing host to the airline industry, Germany’s Angela Merkel welcomed the world’s aircraft suppliers to the Berlin Air Show yesterday, with Airbus’s A380 superjumbo set to be oneAFP; Reuters; REUTERS - 432 words
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286 2010-06-09 23 Reuters [BERLIN] Britain is likely to sell half of its stake in British air traffic control operator NATS and some of the group that controls NATS may also lower their stakes, the chairman of The Airline Group said on Monday.Reuters - 286 words
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283 2010-06-09 23 Bernama [SHAH ALAM] Eurocopter Malaysia will invest another RM200 million for its second phase from 2010 to 2015, its president and chief executive officer Pierre Nardelli said yesterday. The investment will be related to aviation safety requirements of the first EC225/725/175 flightBernama - 283 words
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358 2010-06-09 23 Bloomberg [BERLIN] Emirates Airline said it plans to buy an additional 32 A380 jets from Airbus SAS, in the biggest single order of the superjumbo to date. The order, valued at US$11.5 billion and announced at the Berlin Air Show yesterday,Bloomberg - 358 words
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Article2940 2010-06-09 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 VS7269 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 06052,940 words
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TRANSPORT HUB: LAND
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Article, Illustration640 2010-06-09 24 SAMUEL EE - They go together because design stages the brand, says design chief By SAMUEL EE ABOUT three-quarters of Mercedes-Benz owners say that styling was the key to their decision to buy a model from the German luxury car maker, while only 60 per cent attributed the640 words
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288 2010-06-09 24 Reuters [HONG KONG/TOKYO] A new strike has broken out at a factory making exhaust systems for one of Honda Motor’s China joint ventures, Honda said yesterday, just days after the settlement of a strike at another Honda supplier in China. SomeReuters - 288 words
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147 2010-06-09 24 Bernama [KUALA LUMPUR] Proton Holdings Bhd reiterated yesterday that its wholly owned Lotus Group International Ltd is not for sale at this point in time. The national car maker said Lotus would continue to be a strategic entity within Proton and its technologyBernama - 147 words
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Page 23 Miscellaneous
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Miscellaneous320 2010-06-09 23 CRYPTIC CROSSWORD Across 1 Free translation of Braille (7) 5 Mitchell, say, made stage entrance tackling lead in rep (7) 9 British have roast (5) 10 Finest fruit for leader (3,6) 11 Natural should, once trained (10) 12 For the most part, extremely active publicity (4) 14 Tending to be320 words
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Advertisement118 2010-06-09 24 R K JH s Mi T® ft CALL THE S with The AsiaOne Network. There's no wiser way to influence those in the power seat theasieone than with premier business news portals that decision-makers can't do without. Visit http://network. asiaone. com nPf\A/nr"K or email A 1mktg@sph.com.sg. s|5i THE BUSINESS TIMES118 words
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Advertisement27 2010-06-09 24 1 1 L-TFIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. 1 r^J 127 words
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SINGAPORE STOCKS
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Article8681 2010-06-09 25 Transaction date: Jun 8 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 18 6.5 3148 8Telecom 14.5 14.5 15.5 1.7 12.5 4.7 69.4 10 5.5 5834 A-Sonic 6.5 -0.5 248,681 words
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Article1640 2010-06-09 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6 5.5 7 33.3 5.8 25 13 8538 t APStrategic 16 15 18 94.9 4 0.51,640 words
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Article9485 2010-06-09 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.79/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.6048/ Asian Credit Fund 1.2428/ Asian9,485 words
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Article699 2010-06-09 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 107 6389 ABF SG Bond ETF 115 109 114.5 525 883 610 CIMBAsean40 100US$ US761 -35 0 761 761 802 807 30.4 306699 words
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Article259 2010-06-09 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27 6000 AVJennings A45 +5 1 45 45 38 45 3.6 7.8 3.6 117.2 31 13 6017 Genting HK US$ US16.5 unch 1140259 words
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Advertisement95 2010-06-09 25 9 9 1 MV lt GENEVE FRANCK MULLER BOUTIQUE ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES TAKASHIMAYA SC NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 WATCHES OF SWITZERLAND PARAGON (65) 6732 9793 m €1.95 words
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FINANCE & COMMODITIES
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374 2010-06-09 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 7 Index Change Change Change Change Change Change World Index Preliminary 783.2 -0.6 -5.9 -0.4 -9.2 -0.9 -10.1 EAFE Preliminary 721.2 -1.8 -8.1 -1.8 -16.0 -2.3 -16.8 Europe Preliminary 1035.2 -0.9374 words
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Article182 2010-06-09 27 Jun 8 Jun 8 $S Offer Bid Overnight 3/16 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.35 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10182 words
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Article22 2010-06-09 27 Jun 8 S$ Bid Offer 1-month 1.4124 1.4137 2-months 1.4122 1.4136 3-months 1.4121 1.4134 6-months 1.4117 1.4131 Source: OCBC22 words
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Article132 2010-06-09 27 Jun 8 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1450 1.1790 Can dollar 1.3320 1.3470 Euro 1.6830 1.7030 NZ dollar 0.9300 0.9500 Sterling pound 2.0420 2.0660 US dollar 1.4100 1.4250 Local dollars to 100 units of foreign132 words
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Article27 2010-06-09 27 Jun 8 Open High Sett STI Jun 2747 SIMSCI Jun 323.7 327.3 322.6 Taiwan Jun 253.1 254.5 252.7 Source: MF Global (S) Pte. Ltd27 words
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Article67 2010-06-09 27 Jun 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2543 2536 2545 2535 454 2497 Jul 10 2496 2478 2496 2476 1263 ***** Aug 10 2454 2432 2456 2431 8651 ***** Sep 10 2427 240767 words
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Article368 2010-06-09 27 Jun 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4500 0 2416 Sep10 99.2450 0 1827 Dec10 99.1050 0 1784 Mar11 98.9800 0 1149 EUROYEN TIBOR FUTURES Jun10 99.6175 99.6175 99.6150 99.6150 250 4005 Sep10 99.6450 99.6450 99.6425 99.6400 250 3346 Dec10 99.6450 0 1411368 words
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Article161 2010-06-09 27 Jun 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 350.0 335.0 340.0 10 Aug 10 310.0 310.0 315.0 20 Sep 10 299.0 286.0 300.0 31 Oct 10 295.0 293.0 294.0 20 Nov 10 287.0 285.0 287.0161 words
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Article90 2010-06-09 27 Jun 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 02.09.2010 0.30 0.25 0.25 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.93 103.95 103.93 5-Year N*****0N 1.375 01.10.2014 102.3590 words
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Article105 2010-06-09 27 Jun 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 935.00 unch 939.00 928.25 Aug 10 917.75 918.50 921.25 911.75 Sep 10 904.25 905.75 906.75 900.00 Nov 10 900.00 unch 901.50 893.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 36.47 36.78 36.83105 words
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Article77 2010-06-09 27 CRUDE OIL PRODUCTS Jun 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 72.44 -0.34 WTI (Near Mth) 71.29 0.20 Dubai (1-Mth F) 71.76 -4.18 Tapis blend 76.35 -4.30 Minas 74.45 -3.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 69.50 -3.78 Jet Kerosene 83.35 -3.55 US$/barrel Opec Oil77 words
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2240 2010-06-09 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 16 4.57 47 4085 ASJ Hldgs W*****1 3 1 4 2.33 20 2036 Advance SCT Ltd W*****9 0.5 1 87 2817 6.00 22,240 words
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Article465 2010-06-09 27 Jun 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.863 5.593 0.685 6.389 38.417 75.746 0.751 10.103 2.720 1.237 69.901 38.164 1.157 6.362 0.951 26.611 26.706 0.565 0.819 Canada 1.158 6.479465 words
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Article85 2010-06-09 27 Jun 8 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-06-09 27 Jun 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1562 1.1575 0.8186 0.8188 Canadian dollar 1.3393 1.3411 0.9482 0.9487 Euro 1.6884 1.6909 1.1954 1.1961 NZ dollar 0.9346 0.9357 0.6617 0.6619 Sterling pound 2.0477 2.0500 1.4498 1.4501154 words
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Article138 2010-06-09 27 Jun 8 GOLD (US$/oz) Jun 08 Jun 07 Hong Kong 1241.00 1214.80 Jun 07 Jun 04 London 1231.45 1204.25 1233.05 1205.25 Source: Thomson Reuters CAST BAR Jun 08 (S$) Selling Buying Kilobar "60,525.62" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135.89 56 5gm 385.2 282 10gm 688.01138 words
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Article69 2010-06-09 27 Jun 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1834.75 1849.25 3 months 1867.50 1881.00 Copper, Grade A (US$/tonne) Cash 6067.75 6249.00 3 months 6101.00 6280.00 Lead (US$/tonne) Cash 1529.00 1582.50 3 months 1554.00 1607.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article82 2010-06-09 27 Jun 7 COCOA (£/tonne) Close Prev High/Low Jul 10 2927 2559 2956/2903 Sep 10 2944 2347 2973/2922 Dec 10 2968 2286 2990/2948 Mar 11 2997 2238 3014/2992 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1338 1336 1341/1324 Sep 10 1373 1372 1375/1360 Nov 10 1397 1398 1399/1389 Jan 1182 words
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EDITORIAL & OPINION
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489 2010-06-09 28 EDITORIAL THE sports betting licence saga in Malaysia has taken a curious turn. On Monday, Prime Minister Najib Razak, in his capacity as finance minister, said in a written parliamentary reply to four lawmakers that his ministry had yet to issue a sports489 words
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Article, Illustration805 2010-06-09 28 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent IF you want to get a sense of the depressing mood that has been overwhelming President Barack Obama and his aides these days, all you need to do is listen to the old hit sang by the805 words
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Article, Illustration1170 2010-06-09 28 CHEW SOON BENG - The employer’s rate could then be used to moderate labour cost if a recession occurs By CHEW SOON BENG The writer is Professor of Economics and Industrial Relations at Nanyang Technological University. He is author of ‘The Singapore Worker: A Profile’ (OxfordFILE PHOTO - 1,170 words
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Article, Illustration1256 2010-06-09 29 ANUJ KAGALWALA,AARON GOH - Sound policies make the Republic a viable option for fund domicile, but some issues need to be addressed to make it popular By ANUJ KAGALWALA,AARON GOH Anuj Kagalwala is a partner and Aaron Goh is a manager at Tax Financial Services, PricewaterhouseCoopers Services LLP (Singapore) BASEDARTHUR LEE - 1,256 words
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Article, Illustration765 2010-06-09 29 IAN CAMPBELL - BREAKINGVIEWS By IAN CAMPBELL REUTERS DAVID Cameron is right: the British economy is all wrong. And putting it right is going to involve pain that will dog Britons and the new prime minister for a long time. He already spelt out muchREUTERS; AFP - 765 words
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5891 2010-06-09 30 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.5,891 words
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Page 28 Advertisements
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Advertisement3 2010-06-09 28 NANYANG TECHNOLOGICAL UNIVERSITY3 words
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Advertisement29 2010-06-09 30 Shipping line: seeking reliable logistics partners Can they find your services Here in -the Shipping TO ADVERTISE, CA.LI IOE WONG AT 9620 1 327 THE BUSINESS TIMES SHIPPING TIMES29 words
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Advertisement52 2010-06-09 31 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES I' n —H Can they FREIGHT I find .y our m services FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT52 words
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Advertisement138 2010-06-09 32 iOCBC TradeMobile 522,000 NVSt Ma rke Current 37,976 Ma ,K f: Select pHS l^ySt SP A na A |Vl|* Let's talk about smarter trading on the go. Trade global markets anytime, anywhere*. Download iOCBC TradeMobile Singapore's FIRST equities trading app for FREE from Apple App Store. For more information, please138 words
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Advertisement8 2010-06-09 32 V r MlttS® $BlSl fWSTW ttllttC m www.rad.o9l3.com8 words
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executive Money
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Article, Illustration1044 2010-06-09 32 The US economy is growing, and corporate profits have been rising, but the European crisis has overturned many expectations. NYT [NEW YORK] WHEN Treasury bonds are hotter than stocks, it’s a sign that something is very wrong with the stock market. That has been theNYT; AFP - 1,044 words
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Article, Illustration1363 2010-06-09 33 JOE PRENDERGAST - There are convincing structural and cyclical reasons for investing in emerging market currencies MONEY MATTERS JOE PRENDERGAST The writer is chief currency strategist, Credit Suisse private banking division TODAY’Sinvestorinemerging market currency instruments should over a period of time gain both from high interest rates and from1,363 words
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Article, Illustration772 2010-06-09 34 GENEVIEVE CUA - But Societe Generale says better to buy US rather than Asian or emerging market equities, reports GENEVIEVE CUA GENEVIEVE CUA CRISIS in the eurozone is unlikely to derail Asian growth significantly, says Societe Generale Private Banking economist and strategist Xavier Denis. But there is772 words
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569 2010-06-09 34 Bloomberg [BOSTON] Fidelity Investments’ Contrafund and Growth Company Fund are alone among the 10 largest US stock mutual funds in beating their benchmarks this year, as Vanguard Group Inc and Capital Group Cos offerings trailed their indexes. The US$63 billion Contrafund, managedBloomberg - 569 words
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Advertisement1372 2010-06-09 33 MATS BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 JALAN SAMULUN, SINGAPORE *****7. TEL: 6265 0411 FAX: 6265 6690 iJz; 151 PSS S Company Registration No. *****0046K NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Forty-sixth Annual General Meeting1,372 words
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Advertisement103 2010-06-09 34 m MARKETS get thinking FX/CFD trading Trade world indices and commmodities in SGD and avoid currency exposure. *3 1)*****29 zO EURO 20 Ki BF i sans SGD-denominated CFDs available on major indices and commodities. Eliminate your currency exposure when trading assets like gold and oil. Another exclusive from IG Markets,103 words
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