The Business Times, 16 June 2010

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Microfilm: NL30704
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, June 16,2010
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  • Article
    Lock icon Fortis breaks its silence, keeps options open
    516 1  -  It looks at raising funds but won’t commit to a battle By NISHA RAMCHANDANI [SINGAPORE] In its first official statement addressing Khazanah Nasional’s $1.18 billion plan to gain majority control of Parkway Holdings, Indian group Fortis Healthcare said yesterday that it is exploring
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  • Article
    Lock icon Developers and buyers headed for a stalemate
    1012 1  -  Big drop in May sales could signal the start of a slowdown, with neither side in any hurry to transact By KALPANA RASHIWALA [SINGAPORE] Developers sold just 1,078 private homes in May about half the 2,208 units they transacted in April. This could
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  • Article
    Lock icon MARKETS DIGEST
    142 1 ?ST INDEX 2,818.21 (+0.14) ?ST INDEX FUTURES 2,818 (+0) ?SIMSCI 333.01 (+0.31) ?SIMSCI FUTURES 333.50 (-0.40) FOREX US$ S$ US$ (S$ per US$) 1.399 (US$/S$ per 1.476 2.065 EURO (US$/S$/E) 1.219 1.706 Foreign currency per US$ S$ YEN 91.20 65.20 RM 3.273 2.339 HK$ 7.793 5.569 BAHT 32.43
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      Lock icon Page 1 Advertisements Column 1
      162 1 HOCK LOCK SIEW Parkway saga at a delicate juncture PAGE 5 TRANSPORT HUB Toyota dangles 5-year free service PAGE 24 BUMIPUTRA POLICY Pro-Malay goal is still there, says minister PAGE 13 OPINION Differing impacts of peer comparison PAGE EXECUTIVE MONEY EU crisis seen as positive for Asia PAGE 32 Wealthy
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      575 2 Developers and buyers headed for a stalemate DEVELOPERS sold just 1,078 private homes in May half the 2,208 units they transacted in April. This could mark the start of a period of slower sales as developers weigh their options and buyers bide their time. FRONT PAGE Fortis breaks
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    • Article, Illustration
      Lock icon BP suffers credit rating downgrade
      615 2  -  Obama may ask the oil giant to set aside billions for compensation By CONRAD TAN [SINGAPORE] BP had its credit rating slashed yesterday amid fears that the mounting costs and political pressure on the firm over the oil leak in the Gulf of Mexico would
      615 words
    • Article
      Lock icon S’pore-M’sia mobile roaming charges may fall
      390 2  -  By WINSTON CHAI [SINGAPORE] Travellers between Singapore and Malaysia could see their mobile roaming bills slashed by a third or more by this year if a government proposal gets the green light. But the move could meet some resistance from telcos in both countries.
      390 words
    • Article, Illustration
      Lock icon Hong Kong’s richest go for slice of AgBank
      705 4  -  Li Ka-shing and Lee Shau-kee scooping up HK$1b each, says report By LYNETTE KHOO [SINGAPORE] Two of Hong Kong’s richest tycoons are reportedly lending their weight to what is shaping up to be the world’s largest initial public offer made by Agricultural
      BLOOMBERG, AFP  -  705 words
    • Article, Illustration
      Lock icon Eight companies roped in for 3D television trials
      448 4  -  Broadcasters may get consumers involved later By WINSTON CHAI [SINGAPORE] Eight companies have been enlisted to help add a new dimension to television viewing in Singapore, with the launch yesterday of a year-long 3D TV trial. Initially, Singapore Telecom, StarHub and MediaCorp
      FILE PHOTO  -  448 words
    • Article, Illustration
      Lock icon 2 S’pore-based fund managers in prestigious list
      433 4  -  By TEH HOOI LING [SINGAPORE] Two Singapore-based fund managers have made it to The Hedge Fund Journal’s Tomorrow’s Titans: Blue Chips Managers for the Next Decade. The two are Singaporean Tan Chin Hwee of Apollo (Singapore) and Hyder Ahmad, the founder of Broad
      433 words
    • Article
      Lock icon Unemployment rate down to pre-crisis level
      564 4  -  Q1 jobs growth rose by 36,500, below Q409 high of 37,500 By TEH SHI NING [SINGAPORE] Singapore’s economic recovery continued to drive jobs growth in Q1, pushing the unemployment rate down to pre-cri-sis levels. The overall unemployment rate, adjusted for seasonal factors, was 2.2
      564 words
    • Article
      Lock icon Asean electronic trading link seen going live by Q1 11
      421 4  -  By JAMIE LEE [SINGAPORE] The Asean electronic trading link which will consolidate price feeds from six regional exchanges is expected to go live by the first quarter of 2011, a senior manager at NYSE Technologies said in a recent interview.
      421 words
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      311 2 THAI n A STAR ALLIANCE MEMBER vx \\W/jC NVv\ r. r F 1 >\w > s.f Wit m VS XT i s M y y~ SK 'A v' r* > *V> ANNIVERSARY 1960-2010 U xT 2^ F >i V > r, rr N\ \t A h i lc I First
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      114 3 Over 500,000 people are in the air right now. You know the feeling. Sailing high above the clouds, waiting with childlike anticipation for that screeching of rubber on tarmac. What opportunities will this new place bring? A reunion? A holiday? A new home? We believe in having an open mind
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Lippo to sell OUE shares at bottom of price range
      537 5  -  Company drops plan to issue convertible notes in the light of market conditions By JAMIE LEE LIPPO Group has placed out a far smaller portion of its shares in Overseas Union Enterprise (OUE) than it had earlier flagged, and at
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    • Article
      Lock icon SIA load factors rise in May
      314 5  -  Cargo demand was the strongest in almost two years By VEN SREENIVASAN A STRONG rise in freight demand helped Singapore Airlines fill two-thirds of its cargo belly space in May one of the highest monthly load factors in recent times. Overall cargo carriage, measured
      314 words
    • Article
      Lock icon Parkway saga at a delicate juncture
      633 5  -  HOCK LOCK SIEW By NISHA RAMCHANDANI SINCE Malaysia’s Khazanah Nasional made a $1.18 billion offer to raise its stake in Singapore’s Parkway Holdings to a controlling 51.5 per cent, the local healthcare group’s share price has risen significantly. It touched $3.87 last week nine
      633 words
    • Article, Illustration
      Lock icon Z-Obee surges on Taiwan listing plan
      530 7  -  Move comes just three months after its dual listing in Hong Kong BY LYNETTE KHOO JUST three months after its dual listing in Hong Kong, Z-Obee Holdings is planning to undertake another secondary listing this time in Taiwan. The news sent Z-Obee shares 7.5
      FILE PHOTO  -  530 words
    • Article
      Lock icon SMX to launch euro-priced Brent crude futures
      589 7 Reuters THE Singapore Mercantile Exchange (SMX) is set to become the first bourse to trade oil priced in euros, allowing market participants to hedge energy and currency exposure simultaneously during Asian trading hours. SMX plans to launch the first euro-denominated futures contract for
      Reuters  -  589 words
    • Article
      Lock icon Chip Eng Seng and partner plan EC project
      488 7  -  The developers put in highest bid for Punggol site By UMA SHANKARI NTUC Choice Homes and Chip Eng Seng intend to build a 600-unit executive condominium (EC) on a land parcel in Punggol sold by the state. The developers’ joint bid of
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    • Article
      Lock icon Cosco units win orders worth US$440m
      322 8  -  Four European shipowners sign agreements to build 15 bulk carriers By TEH SHI NING COSCO Corporation Singapore yesterday announced that its units have signed agreements with four European shipowners to build 15 bulk carriers, worth more than US$440 million in total. The shipbuilding and
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    • COMPANY BRIEFS
      • Article
        Lock icon Texchem withdrawing exit offer
        42 8 TEXCHEM Resources Bhd is withdrawing its exit offer to shareholders of Texchem-Pack Holdings. This comes after the independent financial adviser, Partners Capital (Singapore) Pte Ltd, said that the financial terms of the offer on balance are not reasonable.
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      • Article
        Lock icon Sembcorp appoints new independent director
        58 8 SEMBCORP Industries has announced the appointment of Mohd Hassan Marican as independent director with effect from June 16, 2010. The president and CEO of Petroliam Nasional Berhad (Petronas) from 1995 until his retirement in February 2010 will bring to the board over 30 years’ experience
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      • Article
        Lock icon Phillip launches Japanese language platform
        46 8 PHILLIP Securities said it will be the first securities firm in Singapore to launch a Japanese language trading platform on POEMS, its Internet securities trading platform, that allows its customers to monitor stock prices and execute trades directly on this platform.
        46 words
    • Article
      Lock icon Teledata drops plan to buy UK, Philippine firms
      372 8  -  Move follows ousting of CEO last month By FELDA CHAY TELEDATA said on Monday that it will not go ahead with its proposed acquisitions of UK-based smart electric vehicle player Elektromotive, and Philip-pines-based systems integrator iOne Resources. Both deals, announced in April,
      372 words
    • Article
      Lock icon AIS may raise 3G investment budget
      121 8 Reuters [BANGKOK] Advanced Info Service (AIS), Thailand’s top mobile phone operator, said yesterday it may raise its investment budget for third generation mobile services due to the advanced technology required for new licences. “We have to look at terms and conditions for the 3.9G
      Reuters  -  121 words
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      112 5 SINGAPORE EXPERIENCE AWARDS RECOGNISING THE BEST IN SINGAPORE EXPERIENCES The world's first night race in our city streets. A wining and dining experience par excellence. An international exhibition that caters to tens of thousands. These Singapore experiences, among many others, are a celebration of the very best that we have
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Genting, Healthway lift trading spirits
      580 6  -  STI tracks Hong Kong’s Hang Seng Index before closing 0.14 point higher at 2,818.21 STOCKS R SIVANITHY Senior Correspondent THANKS to Genting Singapore, Healthway Medical and a handful of penny stocks, traders yesterday had a bit more to do at their terminals than sit around
      Source: Bloomberg  -  580 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 15 VALUE CLOSE BT OB/OS 684.00 +337.0 BT CADI -*****.00 +123.0 BT 10-day MA -*****.00 +68.00 FTSE ST Mid Cap 685.33 +4.11 FTSE ST Small Cap 522.44 +5.55 FTSE ST All Share 695.27 +1.12 FTSE ST China Top 260.50 +5.08 FTSE ST China 289.78 +3.63 FTSE
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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 7 5 5 0 0 0 7 5 5 Manufacturing 70 38 54 6 2 12 76 40 66 Commerce 28 10 20 4 1 4 32 11 24 Tpt/Stor/Comms 18 9 14
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Ezra Holdings
        267 6 June 15 close: $1.93 DBS GROUP RESEARCH, June 15 CURRENT valuations are attractive, upgrade to “buy”: Since we downgraded Ezra to “hold” in April on unattractive valuations and poor results, the share price has corrected around 29 per cent (versus -6 per cent for the STI Index). At
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      • Article
        Lock icon First Resources
        292 6 June 15 close: $1.08 DMG PARTNERS SECURITIES, June 15 EARLIER this month, there were various news reports stating that the Indonesian government is going to suspend the issuance of new concession for the conversion of natural forest and peatlands for two years, commencing 2011. This was in conjunction
        292 words
      • Article
        Lock icon Hyflux
        405 6  -  Hyflux June 15 close: $3.04 OCBC INVESTMENT RESEARCH, June 15 Compiled by LYNETTE KHOO STOCK sold down recently: After posting a seasonally softer set of Q1 FY2010 results in early May, Hyflux Ltd shares have fallen by some 17.3 per cent to hitalow of $2.68 in early June; in
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,674 22,674 70,812 70,812 Manufacturing 345,494 11,239 356,733 235,192 690 235,882 Commerce 80,812 9,210 90,022 87,329 3,046 90,375 Tpt/Stor/Comms 120,912 828 121,740 191,329 87 191,415 Finance 16,377 16,377 124,071 124,071 Construction 12,087 14,316 26,403 4,695
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 Stock name Close Change CapMallsAsia 2.130 CapitaLand 3.750 +0.020 CapitaMall 1.860 CityDev 10.900 ComfortDelGro 1.420 -0.010 DBS Grp 13.760 +0.020 F&N 4.930 -0.070 Genting SP 1.090 +0.030 Golden Agri 0.525 -0.005 HK Land 5.090 +0.010 JMH 36.540 -0.240 JSH 21.020 -0.020 Jardine C&C 29.900 +0.600 Keppel
      108 words
    • Article, Illustration
      Lock icon Euro selling resumes after Greece downgrade
      503 6 CURRENCIES Reuters [LONDON] The euro retreated yesterday as downgrade of Greece’s debt to junk status by ratings agency Moody’s renewed concerns about eurozone debt, dampening sentiment and cutting short a rally in the currency. Moody’s slashed Greece’s rating by four notches, citing “macroeconomic and
      Reuters; AP  -  503 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Genting SP 218,777,000 Healthway 128,444,000 Z-Obee Hldgs 74,679,000 Baker Tech 43,265,000 Golden Agri 42,514,000 Cosco Corp 37,057,000 Yangzijiang 32,264,000 China Hongxing 29,675,000 UPP 25,685,000 GMG Global 23,642,000 VALUE($) Genting SP 238,380,330 OUE 213,439,480 CapitaLand 83,589,290 Cosco Corp 53,304,620 Keppel Corp 49,391,200 UOB 44,745,220 DBS Grp 42,064,860
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    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP DBXT MSEurope 10US$ 3744 341.3 7.0 DBXT E50 10US$ 3480 141.3 3.0 DBXT Nifty 10US$ ***** 95.1 0.6 OCC 3.93% NCPS10 8850 70.0 0.8 Jardine C&C 2990 60.0 2.0 DBXT MSBrazil 10US$ 619 49.0 6.0 DBXT S&P Short 10US$ 5367 37.8 0.5 DBXT FTVietnam 10US$
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    • Article
      Lock icon FALLS
      114 6 BY CENTS CLOSE DOWN OUE 1248-352.0 -22.0 GLD 10US$ *****-110.5 -0.7 DBXT STGLDv100 10US$ 2621 -37.8 -1.0 JMH 3654 -33.6 -0.7 STI 2850 DBePW*****2 23.5 -8.0 -25.4 Wilmar 577 -8.0 -1.4 F&N 493 -7.0 -1.4 UOL 376 -7.0 -1.8 Lyxor Korea 10US$ 392 -7.0 -1.3 Straits Trdg 400 -6.0
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    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Jun 15 CHNG YR 2010 CLOSE FR Jun 14 S$ LOW S$ HIGH US$ 1.3996 -0.28 1.4219 1.3680 Euro 1.7039 0.18 2.0153 1.6886 Pounds 2.0564 -0.21 2.2831 2.0003 A$ 1.1933 0.37 1.2960 1.1515 Yen* 1.5346 -1.03 1.5927 1.4467 Rupiah* 0.***** -0.19 0.***** 0.***** Baht* 4.3151 -0.18
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      56 7 THE NEW 2010 COLLECTION 3 s''« 51 rj as DEFENDER FREELANDER 2 DISCOVERY 4 [7-SEATER] rm MALAYAN L x MOTORS A Wearnes Division 45 LENG KEE ROAD, SINGAPORE *****3 T: +65 6378 2626 2627 LEASING ENQUIRIES T: +65 6378 9898 E: wearnes.leasing@wearnes.com www.landrover.com h t X LAND* ROVER j^L GO
      56 words
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      346 8 Accounting Blues? Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks ssaS*. CoWP 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.sg WINE DINE AND
      346 words
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  • PREMIUM PROFESSIONALS
    • Article, Illustration
      Lock icon Finding opportunities big and small
      1308 9  -  Disasters help highlight the need for general insurance, to mitigate business and personal risks, reports TEH SHI NING TEH SHI NING FOR the general insurance industry, unpredictable and at times unfortunate events could prove beneficial. While such events may trigger claims and impact rates, they
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    • Article, Illustration
      Lock icon The value of good people skills
      677 9  -  By TEH SHI NING KNOWING how to interact with people is essential in order to excel in the world of insurance, says Tan Wan Ni. But not perhaps for the reasons she had once thought. “I was very sceptical about the insurance industry initially.
      677 words
    • Article, Illustration
      Lock icon Carving out a reinsurance broking career
      728 9  -  By TEH SHI NING A CAREER in reinsurance might not seem like the natural path for one with an academic grounding in law and business. But after a three-month stint with Asia Reinsurance Brokers (ARB) last year, Mandy Phan started working part-time for the
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore LNG finally finds CEO after global search
      558 10  -  Neil McGregor to take charge of $1.5b liquefied natural gas terminal By RONNIE LIM SINGAPORE LNG Corporation (SLNG) has finally found its CEO in Neil McGregor almost a full year after its establishment to take charge of the $1.5 billion liquefied natural
      558 words
    • Article, Illustration
      Lock icon April retail sales drop as car purchases plunge
      396 10  -  By UMA SHANKARI RETAIL sales fell for a second straight month in April as car purchases plunged, offsetting higher spending in other areas. The overall decline was 2.6 per cent from a year back. But data released by the Department of Statistics
      FILE PHOTO  -  396 words
    • Article
      Lock icon Energy research body signs six pacts at opening
      221 10 THE Energy Research Institute NTU (ERI@N) signed six memoranda of understanding (MOUs) yesterday at its official opening by S Iswaran, Senior Minister of State for Trade and Industry and Education. NTU signed the MOUs with University of Cambridge, Imperial College London, Technical
      221 words
    • Article
      Lock icon Travel a priority for half of Singaporeans: survey
      358 10  -  Most locals prefer to visit places in Asia-Pacific region By NISHA RAMCHANDANI IF there’s one thing that Singaporeans are not willing to give up, it’s their holiday abroad. According to a MasterCard survey, nearly 50 per cent of Singaporeans consider travel a
      358 words
    • Article
      Lock icon S’pore to ratify ILO convention on tripartism
      267 10 SINGAPORE will ratify the International Labour Organisation (ILO)’s Convention on Tripartite Consultation, also known as Convention 144, Manpower Minister Gan Kim Yong has announced. Convention 144 aims to establish national tripartite consultations in ILO member states to promote the implementation of international labour
      267 words
    • Article
      Lock icon Consumers spend more on their first credit card
      530 10  -  Credit bureau data suggests first mover advantage By CONRAD TAN FIRST come, most used. Credit cardholders here charge the biggest sums to the cards issued by the banks that get to them first, according to Credit Bureau Singapore (CBS). That suggests that
      530 words
    • Article
      Lock icon Local construction trade urged to go green
      247 10 THE Singapore construction industry was rallied to partner the government in promoting environmentally sustainable industry practices during a conference yesterday. Themed “Sustainable Green Practices for ASEAN Contractors”, the ASEAN Contractors Conference was held yesterday in conjunction with the ASEAN Constructors Federation meeting. At
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Chok Tong is Tanah Merah club’s patron
        42 10 TANAH Merah Country Club’s new patron is Senior Minister Goh Chok Tong. Mr Goh has assumed the position with immediate effect, the club said yesterday. Its immediate past patron was the late Goh Keng Swee.
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      • Article
        Lock icon S’pore-Oman business forum draws 90 firms
        68 10 THE Singapore Business Federation and the Oman Chamber of Commerce and Industry held the Singapore-Oman Business Forum 2010 yesterday. The forum attracted about 90 Singapore companies interested in exploring collaborative opportunities. It also celebrated 25 years of bilateral relations between Singapore and Oman, and
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    • Article
      Lock icon Universal token project for cyber security makes headway
      462 11  -  IDA subsidiary set up to manage new security platform for one-time passwords Reports by WINSTON CHAI THE clutter of tokens that are now used to access online banking services from different banks could soon be cleared by a govern-ment-led initiative to develop
      462 words
    • Article
      Lock icon Tech sector bucks trend with 8% growth in 2009
      265 11 SINGAPORE’s economy shrank 1.3 per cent in 2009 but the local technology sector has somehow managed to ship its way out of the worst recession in local history. According to the latest statistics released by the Infocomm Development Authority of Singapore
      265 words
    • Article
      Lock icon Growth seen in entertainment, media market
      349 11  -  PWC expects 5% global growth; S’pore at 5.1% By NISHA RAMCHANDANI THE global entertainment and media (E&M) market is expected to grow at a compound annual rate (CAR) of 5 per cent from this year, hitting US$1.7 trillion in 2014. Last year, it stood
      349 words
    • Article
      Lock icon 4% interest on SMA savings in Q3: CPF
      213 11 CENTRAL Provident Fund members will receive interest of 4 per cent a year on their Special and Medisave account (SMA) savings from July 1 to Sept 30, the CPF Board said yesterday. The government will maintain the 4 per cent per annum
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      211 11 In a perfect world, you'd always be perfectly understood. Often you aren't. So talk to the bank that listens. With a proud banking heritage of nearly two centuries and over four decades of experience in Asia, we take the time to understand your individual banking needs regardless if you are
      211 words
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  • ECONOMY WATCH
    • Article
      Lock icon Fed to wait till 2012 to raise interest rates: study
      578 12 It also addresses objections to keeping the Fed funds rate near zero NYT [WASHINGTON] Given high unemployment and low inflation, the Federal Reserve is likely to wait until 2012 before it starts to raise interest rates, a new Fed research
      NYT  -  578 words
    • Article
      Lock icon RBA hints rates will be on hold through July
      400 12 Reuters [SYDNEY] Australia’s central bank strongly implied yesterday that it would not be raising interest rates for at least another month as it warily eyed market jitters abroad and awaited a key reading on inflation at home. Minutes of the Reserve
      Reuters  -  400 words
    • Article, Illustration
      Lock icon Aussie household debt levels ‘sustainable’
      562 12 RBA also plays down concerns about foreign debt levels Reuters [SYDNEY] Australia’s household debt levels are sustainable and fears that borrowing is too high are overdone, a top central banker said yesterday, though he cautioned against a further rapid rise in debt. In an upbeat
      Reuters; BLOOMBERG  -  562 words
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      64 12 STUDIO JVI HOTEL No. 3 Nanson Road, Singapore *****0 Telephone +65 6808 8888 Facsimile +65 6808 8899 www.studiomhotel.com lllll Managed by Millennium Copthorne International www.millenniumhotels.com Congratulations on the official opening of Studio M: |i| RECRUITMENT PTE LTD Licence No C *****1G INPURPOSE RESOURCE TRADING CONTRACT DIVISION m a f? x
      64 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Pro-Malay goal is still there, says KL minister
      612 13  -  But policies will be implemented more transparently and based more on merit By PAULINE NG MALAYSIA will stick with its bumiputra affirmative action agenda including a target of 30 per cent corporate equity, but it intends to pursue the objective through methods
      BLOOMBERG  -  612 words
    • Article
      Lock icon Analysts positive about Boustead investment
      477 13 But some query plans to diversify into healthcare [KUALA LUMPUR] Analysts are generally positive on Boustead Holdings Bhd’s plans to get into the healthcare business, but some are also questioning if it makes sense for the group to be so diversified, reports Malaysia’s Business Times.
      477 words
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      80 13 ITALIAN PAVI LI N BROADCAST ASIA 2D ID, 15 18 June 2010 Celebrating 50 years of Italian Trade Commission in Singapore Channel The World Through Italian Broadcast Equipment «(> 8 »V www.ictitaly.sg Singapore Expo Hall 7, Stand 7K2/K3/K4, 7L1-01 7L2-06 ITALIAN TRADE COMMISSION DB ELETTRONICA TELECOMUNICAZIONI ELETTRONIKA GROUP SIRA ALDENA
      80 words
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      11 13 JERRY LJM Marketing Director, MBA, CES View: jerrylum.myweb.sg HP: 8288 0098
      11 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Bank regulator warns of growing property credit risks
      684 14 Banks told to report on risk exposure by end-June in bid to avert more bad loans Bloomberg [HONG KONG] China’s banking regulator said it sees growing credit risks in the nation’s real-estate industry and warned of increasing pressure from non-performing loans. Risks
      Bloomberg; AFP  -  684 words
    • Article
      Lock icon China likely to avoid US-style housing crash
      583 14 Jeremy Grantham praises its moves to rein in asset bubbles Bloomberg [SYDNEY] Jeremy Grantham, who correctly predicted US stocks would lose money in the past decade, said China’s “experimental” approach to reining in asset bubbles may help it avoid a US-style housing market
      Bloomberg  -  583 words
    • Article, Illustration
      Lock icon Chinese premier urges improved treatment of migrant workers
      635 14 Honda workers end strike; expect new wage deal on Friday Reuters [ZHONGSHAN, China] Chinese Premier Wen Jiabao urged better treatment of the nation’s vast army of migrant labourers as employees at a Honda factory halted the latest strike that has laid bare
      Reuters  -  635 words
    • Article
      Lock icon China pact will lure top firms to Taiwan: premier
      240 14 AFP [TAIPEI] Taiwan will attract more international investors with a major trade pact with China, the island’s premier said yesterday, as the two sides worked to seal the deal this month. “Many foreign companies have voiced their support for ECFA and
      AFP  -  240 words
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      871 14 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TAISHAN SHIPPING PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****4602R) NOTICE IS HEREBY GIVEN that the following special resolutions were passed by the shareholders on 10 June 2010: Special Resolutions (a) That
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  • INDIA
    • Article, Illustration
      Lock icon Reliance Comm planning deal for tower arm
      645 15 It is looking at possible demerger or other value creating options Reuters [NEW DELHI] Debt-bur-dened Reliance Communications, India’s No 2 cellular carrier, said its board has approved a proposal to bring investors into its tower unit to create an independent infrastructure business. The
      Reuters; REUTERS  -  645 words
    • Article
      Lock icon India not likely to impose tax on sugar imports
      308 15 Reuters [NEW DELHI] India is unlikely to impose an import tax in the next 10-15 days on overseas purchases of sugar as global prices of the sweetener are on the higher side, Farm Minister Sharad Pawar said on Monday. “I am
      Reuters  -  308 words
    • Article
      Lock icon India okays shares sale in Coal India, Hindustan Copper
      264 15 Reuters [NEW DELHI] India’s cabinet yesterday approved stake sales in state-run miners Coal India and Hindustan Copper that between them could be worth up to US$3.7 billion. The government will sell a 10 per cent stake in Coal India, the world’s
      Reuters  -  264 words
  • Page 15 Advertisements
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      171 15 TRAFFIC ARRANGEMENTS FOR SACA NATIONAL ROAD CHAMPIONSHIP 2010 The National Road Championship 2010 will be held on Sunday, 27 June 2010 from 6am to 2pm. To facilitate the traffic management for the event, the following roads will be closed to vehicular traffic: First column 1. Anchorvale Street (between Fernvale Street
      171 words
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      138 15 carouCel WINNING WITH PRID OVERALL CHAMPION GOURMET TEAM CHALLENGE n GOLD, 5 SILVER, 1 BRON; 1 t > f* 55" .X ROYAL PLAZA ON SCOTTS WHAT CAN WE DO FOR VOU 25 Scotts Road Singapore *****0 www.royalplaza.com.sg Tel: (65) 6737 7966 Fax: (65) 6737 6646 Email: royal@royalplaza.com.sg 3ZZZZ1 Sponsors: California
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Import prices decreased 0.6% in May
      385 16 LATEST US DATA Bloomberg [WASHINGTON] Prices of goods imported into the US fell in May, led by the biggest drop in petroleum costs since December 2008. The 0.6 per cent decrease in the import price index was less than the median forecast in a
      Bloomberg  -  385 words
    • Article
      Lock icon Spain sees credit squeeze, denies EU rescue bid
      1018 16 Banking sources say liquidity freeze affecting savings banks, small banks EUROZONE WOES Reuters [BERLIN] Spain admitted on Monday that the European financial crisis is taking a toll on the country’s banks, with foreign banks refusing to lend to some, while Germany said
      Reuters  -  1,018 words
    • Article
      Lock icon UK’s May consumer price inflation down to 3.4%
      490 16 AP [LONDON] British consumer price inflation fell to 3.4 per cent in May from April’s 17-month high of 3.7 per cent, but remains well above the official target, the national statistics agency said yesterday. Consumer price inflation has been above the Bank
      AP  -  490 words
    • Article, Illustration
      Lock icon Ex-RBS chief to face FSA probe
      316 16 Bloomberg [LONDON] Fred Goodwin, the former chief executive officer of Royal Bank of Scotland Group Plc (RBS), will be questioned by the UK’s financial regulator, which has at least three open investigations into the bank, according to two people familiar with the matter. The
      Bloomberg; BLOOMBERG  -  316 words
    • Article
      Lock icon Sons more likely to swindle their mums: Aust report
      272 16 AFP [SYDNEY] Sons are more likely to cheat their elderly parents out of money than daughters, according to an Australian study that indicates the financial abuse of seniors may be on the increase. With Australians generally living longer and becoming wealthier,
      AFP  -  272 words
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      222 16 ALMA- Beijing Bangkok Seoul VT Kuala Lumpur 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
      222 words
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  • WORLD/ASIA-PACIFIC
    • Article, Illustration
      Lock icon ECB wants rules on shadow banking system
      342 17 AFP [FRANKFURT] The European Central Bank warned on Monday that unless it and peers can regulate the shadow banking system, measures taken to ward off a financial collapse could cause banks to take greater risks in the future. “Unless new regulations and a
      AFP; BLOOMBERG  -  342 words
    • Article
      Lock icon Labor Party leaders rally behind Rudd
      346 17 AFP [SYDNEY] Senior figures in Australia’s ruling Labor Party yesterday rallied behind embattled leader Kevin Rudd amid speculation of a challenge from his female deputy. Mr Rudd won 2007 elections by such a big margin that commentators dubbed it a “Ruddslide”, but voters have
      AFP  -  346 words
    • Article
      Lock icon US companies restart plans for share buybacks
      594 17 It’s a double sign: firms feel comfortable cutting record cash levels, but also expect slow growth AP [NEW YORK] US companies that have lots of cash but don’t want to go on buying sprees or ramp up production are increasingly buying back their
      AP  -  594 words
    • Article
      Lock icon BOJ to inject 3 trillion yen into economy
      682 18  -  The low-cost funds, via banks, aim to spur new growth, halt industrial decline and end deflation B y ANTHONY ROWLEY THE Bank of Japan (BOJ) yesterday identified 18 key areas of the Japanese economy into which it plans to inject a total
      682 words
    • Article, Illustration
      Lock icon Gulf spill backlash could boost oil sands, shale gas
      578 18 Reuters [PHILADELPHIA] The massive Gulf oil spill may hasten the development of shale gas and oil sands, North America’s two most important emerging energy sources. The risk of pursuing deepwater oil reserves dwarfs the environmental concerns facing both onshore sectors. Neither
      Reuters; BLOOMBERG  -  578 words
    • Article
      Lock icon Bill Gates-backed nuclear start-up raises US$35m
      495 18 Reuters [SAN FRANCISCO] TerraPower, a nuclear energy start-up backed by Microsoft chairman Bill Gates, has raised US$35 million in a new round of funding to aid the development of a reactor fuelled by nuclear waste. Concerns about global warming and efforts to reduce carbon
      Reuters  -  495 words
    • Article
      Lock icon Movie futures trading a possibility
      556 18 But Hollywood studios oppose the idea, want it banned AP [WASHINGTON] Soon playing in a theatre online: trading of future box-office receipts for movies on a new exchange, following approval by federal regulators. Unless, that is, Hollywood studios get their way and Senate legislation to
      AP  -  556 words
  • Page 17 Advertisements
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      408 17 Global Entrepolis Singapore 6-8 October 2010 Raffles City Convention Centre GES Summit 2010 Global Trends, The annual gathering of international business leaders in Singapore Where top enterprising minds discuss and debate global issues and megatrends that will shape the future of business MEET AND ENGAGE THE THOUGHT LEADERS m I
      408 words
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  • WORLD CUP
    • Article
      Lock icon Americans warming up to soccer
      469 19  -  By MALMINDERJIT SINGH [SINGAPORE] THE typical American sports bar may finally have embraced football. Or soccer, as it is known in the US. The US national team made the world sit up when they pulled off a draw against England at the World Cup. However,
      469 words
    • Article, Illustration
      Lock icon World Cup’s appeal draws fashion designers
      393 19 Reuters [MILAN] Italian fashion designers Domenico Dolce and Stefano Gabbana may have different views on Italian football, but they are unanimous in their support for the national squad the Azzurri on and off the pitch. The duo are among several designers to tap players’
      Reuters; D&G  -  393 words
    • Article, Illustration
      Lock icon Portugal, Ivory Coast play out stalemate
      663 19 Stars Drogba and Ronaldo fail to inspire their sides to victory Reuters [SOUTH AFRICA] Portugal got their World Cup finals off to a stuttering start with a goalless draw against a spirited Ivory Coast yesterday, a match that saw the return of Didier Drogba
      Reuters; REUTERS  -  663 words
  • Page 19 Advertisements
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      114 19 INTHEMATTEROF THECOMPANIES 50 AND INTHEMATTEROF ASIAGOLDFUND,PTE. D. (COREG *****2 W) (INCREDITORS’ UNTAR LIQUID TION) NNOOTICEOFFINALMEETIN NNOOTICE HEREB GIVEN hat pursuant Section 308 he CompaniesAct,Chapt 50, hat tthhee Final Meeting Member andCreditor heabo -named Compan will be held 13 Macenzie oad, Singapore 2286 on July 20 9am/9.30am respecti ely,, for he
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      Lock icon Page 19 Advertisements Column 2
      292 19 Unleash the PotentialitiesWithin. CreatingValue. Enhancing Life. Human Capital (Singapore) Pte Ltd is the national Continuing Education and Training centre for HR WSQ programmes. We provide executive training that leads to Visit us at www.hcs.com.sg From Classroom to Boardroom: Leading with Trust Engage your business the right way and discover the
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      228 19 4000 INTERNATIONAL STANDARD BOOTHS YOUR GATEWAY TO A HUGE MARKET WITH 1.9 BILLION CONSUMERS THE 7TH CHINA-ASEAN EXPO OCT. 20-24, 2010 NANNING CHINA 1 Pavilion of Commodity Trade Pavilion of Trade in Services "i Pavilion of Investment Cooperation t Pavilion of Advanced Technology •> Pavilion of Cities of Charm B
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  • EDITORIAL & OPINION
    • Article
      Lock icon After the great oil spill: what comes next?
      502 20 EDITORIAL THE ongoing oil-leak disaster in the Gulf of Mexico could have important ramifications for the oil industry from oil companies to equipment makers to shippers in both the short and medium term. The disaster, which was triggered by an explosion in
      502 words
    • Article, Illustration
      Lock icon Animal spirits are missing in this economy
      741 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT’S psychology, stupid. Not since World War II has an economic recovery been so hobbled by poor confidence. Every recession leaves a legacy of anxiety and uncertainty. But the present residue is exceptional
      The Washington Post Writers Group  -  741 words
    • Article, Illustration
      Lock icon Goh Keng Swee, the practising economist
      976 20  -  He was astute enough to use an ‘impure’ strain of economics for Singapore’s benefit By TILAK K DOSHI ,PETER COCLANIS Tilak K Doshi is chief economist and principal fellow, Energy Studies Institute, National University of Singapore; Peter Coclanis is Albert R Newsome professor of
      ALVIN LEE  -  976 words
    • Article, Illustration
      Lock icon Differing impacts of peer comparison
      1267 21  -  Experimental, behavioural economics can play a significant role in understanding what works and what does not By YOHANES EKO RIYANTO The author is an associate professor at the Division of Economics, School of Humanities and Social Sciences, Nanyang Technological University. His areas of research specialisation
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    • Article, Illustration
      Lock icon Time to look at competition in the insurance industry
      732 21  -  LARRY HAVERKAMP The writer is adjunct professor of economics and statistics at Singapore Management University WE RECENTLY watched the fiasco of Prudential offering to buy AIA for US$35.5 billion. The US government owns 80 per cent of AIA and accepted the
      732 words
    • Article
      Lock icon NBN must come with faster link to the world
      216 21  -  LETTER TO THE EDITOR Wong Weng Foi I REFER to RAdm Ronnie Tay’s article “Singapore’s need for speed” (BT, June 15). Like many, I am excited about the promises of the Next Generation Nationwide Broadband Network (NBN). However, I see two
      216 words
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  • Page 21 Advertisements
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Transport HUB
    • Article, Illustration
      Lock icon Greek, Chinese firms ink 14 deals
      343 22 Agreements signed include three between shipping firms and Cosco AP [ATHENS] Greek and Chinese companies signed 14 commercial deals, including for the construction of cargo ships and the export of olive oil, during a visit by Chinese Vice-Premier Zhang Dejiang, officials said yesterday. Debt-plagued
      AP; BLOOMBERG  -  343 words
    • Article, Illustration
      Lock icon HK shipping line on vessel buying spree
      288 22 Wah Kwong says it has financing in place for expansion Bloomberg [HONG KONG] Wah Kwong Maritime Transport Holdings intends to increase its fleet to about 30 by early 2012 and has the financing “in place” for the expansion. The company had 11 carriers
      Bloomberg  -  288 words
    • Article
      Lock icon ‘Clean’ fuel worries
      741 22  -  Owners need to monitor quality of more costly bunker STRAIT TALK By DAVID HUGHES IT is probably possible to get just about any marine fuel you care to specify in Singapore, the world’s biggest bunker hub. Of the 36.4 million tonnes supplied last year, however, the vast
      741 words
    • Article
      Lock icon Baltic index at 7-week low; downtrend seen
      323 22 Reuters [LONDON] The Baltic Exchange’s main sea freight index which tracks rates to ship dry commodities, fell to its lowest in seven weeks on Monday as weak cargo demand hurt sentiment. The index, which gauges the cost of shipping commodities including iron ore,
      Reuters  -  323 words
    • Article
      Lock icon TRANSPORT STOCKS
      276 22 SGX '000 Jun 15 S$ +/-Vol CH Offshore 0.52 unch 1080 Chuan Hup Hldg 0.27 0.01 146 Cosco Corp 1.45 0.05 ***** CWT Ltd 0.93 0.02 1534 Ezra Hldgs 1.93 0.11 ***** First Ship Lea 0.38 0.01 1900 Freight Links 0.05 unch 131 Grand Banks unch unch 0
      276 words
    • Article
      Lock icon May S’pore bunker sales hit 3rd all-time high
      279 22 Reuters [SINGAPORE] Marine fuel sales in Singapore, the world’s largest bunker port by volume, hit a third consecutive all-time high of 3.47 million tonnes in May, up 1.4 per cent from a month ago, official data showed on Monday. Traders said heavy
      Reuters  -  279 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Spirit, pilots agree to mediation
        531 23 But union says strike would continue until both sides approve any deal AP [FORT LAUDERDALE, Florida] Spirit Airlines and its striking pilots agreed to meet mediators yesterday, the union said, signalling a potential thaw that would be welcomed by the thousands of customers holding tickets
        AP  -  531 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2955 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ323 0605 MP96 0840
        2,955 words
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        Lock icon Maran, Kal Airways buy 38% of SpiceJet
        504 23 Bloomberg [NEW DELHI] Indian billionaire Kalanithi Maran bought a 7.39 billion rupee (S$222 million) stake in discount carrier SpiceJet from investors including Wilbur Ross as travel demand surges in the world’s secondmost populous nation. Mr Maran and Kal Airways Pvt bought 38 per
        Bloomberg  -  504 words
      • Article
        Lock icon New flight cuts Taipei-Shanghai travel time
        276 23 One China, 3 Taiwan airlines servicing the route, since Monday AFP [TAIPEI] Taiwan and China on Monday launched a new flight between Taipei and Shanghai that will cut the time travellers spend on their journey, officials said. Three airlines from Taiwan and one from
        AFP  -  276 words
      • Article
        Lock icon Brazil gets tough on flight delays
        199 23 AFP [BRASILIA] Brazil on Monday tightened rules on flight delays to make it quicker for stranded passengers to get free food, lodging, telephone and Internet access, as well as reimbursements from airlines, local media said. The National Civil Aviation Agency (ANAC) also established fines
        AFP  -  199 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Toyota dangles 5-year free service
        511 24  -  By SAMUEL EE [SINGAPORE] Toyota has upped the ante in a shrinking and increasingly competitive market by offering five years of free servicing including parts and labour but some rivals are not about to follow suit. In a promotion unveiled over the weekend, authorised distributor
        TOYOTA MOTOR  -  511 words
      • Article, Illustration
        Lock icon Saab 9-5 eyes premium large car market
        541 24  -  It will take on rivals Audi, BMW, Volvo and Mercedes-Benz By SAMUEL EE [SINGAPORE] The premium car segment is projected to grow substantially worldwide from now until 2020 and Saab is banking on its 9-5 sedan to lead the way forward, says president
        PHOTOS FROM SAAB  -  541 words
  • Page 22 Advertisements
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      37 22 Lianhe Zaohao R Despite rivate ome sales fall in May Analysts say prices will continue to rise 5 n to iw. ft m m ft ft 2 A I To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      Lock icon Page 22 Advertisements Column 2
      250 22 NOTICE TO THE TRADE ANZDA2010 Business Plan Rate Restoration Programme and Peak Season Surcharge For shipments from Japan, Korea, China, Taiwan, Hong Kong, Singapore, Indonesia, Malaysia, Philippines, Thailand and Vietnam to New Zealand. Member lines of the Asia New Zealand Discussion Agreement (ANZDA) wish to advise the trade that they
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      303 23 CRYPTIC CROSSWORD Across 9 Old Mexican street map private eye required (5) 10 Salesman with shoddy lines hard to replace (9) 11 Odds on pointer will find a bird (7) 12 Soup, food the German needed (7) 13 Ancient kingdom identified by female graduate (5) 14 Large case of wine,
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  • Page 24 Advertisements
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      61 24 Do you know this logo? 1 <1 I I I b in cash! Simply logon to WWW.doyOllknOW.Sg and tell us which directories this logo belongs to and be in the draw to win $100,000, $15,000 worth of multimedia products, as well as one of many weekly attractive prizes. It's that
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8733 25 Transaction date: Jun 15 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 7 unch 195
      8,733 words
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      Lock icon SGX CATALIST
      1642 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 7 33.3 5.8 25 13 8538 t APStrategic 17.5 +1.5 59 17.5 17.5 16.5
      1,642 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9493 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.14/ APS Alpha Fund (USD)!** 0.82/ AXA Life Secure Ascent 2020 Fund 0.9308/0.9308 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.6069/ Asian Credit Fund 1.2465/ Asian
      9,493 words
    • Article
      Lock icon SGX ETF
      709 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 $mil 116 107 6389 ABF SG Bond ETF 112 110.5 116 511.3 883 610 CIMBAsean40 100US$ US823 826 831 32.9 306 224 DBS STI ETF
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    • Article
      Lock icon CLOB INTERNATIONAL
      263 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 $mil 56 27 6000 AVJennings A43.5 -1.5 36 49 43.5 43.5 45 3.6 8 3.5 113.3 31 13 6017 Genting HK US$ US17 unch 2406
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      71 25 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 o eRsmB?
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 14 Index Change Change Change Change Change Change World Index Preliminary 809.4 1.1 -2.8 1.0 -6.6 1.6 -6.0 EAFE Preliminary 747.7 1.1 -4.7 1.7 -12.4 2.2 -11.9 Europe Preliminary 1079.1 1.2
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    • Article
      Lock icon PALM OIL
      67 27 Jun 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2549 2548 2549 2549 5 1090 Jul 10 2455 2439 2462 2430 2321 ***** Aug 10 2414 2391 2415 2378 8212 ***** Sep 10 2385 2366
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 27 Jun 15 Open High Sett STI Jun 2815 2815 2818 SIMSCI Jun 334.0 335.3 333.5 Taiwan Jun 262.6 266.4 264.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon SIBOR
      85 27 Jun 15 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 15 S$ Bid Offer 1-month 1.3985 1.3999 2-months 1.3983 1.3997 3-months 1.3981 1.3995 6-months 1.3977 1.3991 Source: OCBC
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      372 27 Jun 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.2750 0 3025 Dec10 99.1550 0 1133 Mar11 99.0350 0 1625 Jun11 98.8600 0 2153 EUROYEN TIBOR FUTURES Sep10 99.6425 99.6450 99.6400 99.6400 1185 4302 Dec10 99.6500 99.6525 99.6450 99.6450 150 1545 Mar11 99.6450 99.6450 99.6450
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    • Article
      Lock icon SICOM FUTURES
      141 27 Jun 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 358.0 355.0 358.0 9 Aug 10 333.5 333.5 333.5 10 Sep 10 317.0 Oct 10 307.0 Nov 10 302.0 302.0 302.0 10 Dec 10 297.5 Jan 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Jun 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 16.09.2010 0.32 0.25 0.25 1-Year BY*****W 03.05.2011 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.82 103.83 103.83 5-Year N*****0N 1.375 01.10.2014 102.16
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      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Jun 15 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1900 1.2250 Can dollar 1.3470 1.3620 Euro 1.6990 1.7180 NZ dollar 0.9650 0.9850 Sterling pound 2.0520 2.0740 US dollar 1.3900 1.4050 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      179 27 Jun 15 Jun 15 $S Offer Bid Overnight 0.02 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ 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 1.10
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2337 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 1 15 3 5.83 47 4085 ASJ Hldgs W*****1 3 unch 200 1 4 8 2.17 20 2036 Advance SCT Ltd W*****9 0.5 1 87
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      Lock icon INTERBANK CROSS RATES
      467 27 Jun 15 Jun 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.881 5.834 0.700 6.653 39.838 78.370 0.779 10.487 2.794 1.234 72.915 39.582 1.195 6.558 0.979 27.566 27.685 0.579 0.854 Canada
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    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5890 28 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.
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      Lock icon PRECIOUS METALS
      138 27 Jun 15 GOLD (US$/oz) Jun 14 Jun 15 Hong Kong 1230.80 closed Jun 11 Jun 14 London 1226.15 1218.85 1227.15 1219.35 Source: Thomson Reuters CAST BAR Jun 15 (S$) Selling Buying Kilobar 58,925.97 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 374.5 275 10gm 669.82
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      Lock icon INTERBANK CURRENCY RATES
      156 27 Jun 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1939 1.1953 0.8536 0.8538 Canadian dollar 1.3560 1.3575 0.9695 0.9696 Euro 1.7050 1.7073 1.2190 1.2195 NZ dollar 0.9675 0.9687 0.6917 0.6919 Sterling pound 2.0638 2.0663 1.4755 1.4759
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      Lock icon LONDON METALS
      71 27 Jun 14 Jun 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1963.25 1914.50 3 months 1994.00 1945.00 Copper, Grade A (US$/tonne) Cash 6635.25 6456.00 3 months 6660.00 6479.00 Lead (US$/tonne) Cash 1692.75 1649.25 3 months 1715.00 1670.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon CHICAGO BOT
      105 27 Jun 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 951.50 946.25 958.75 944.75 Aug 10 936.25 929.25 941.50 929.00 Sep 10 920.25 910.75 925.75 912.00 Nov 10 916.25 909.25 922.00 908.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.39 36.90 37.59
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      Lock icon LIFFE
      82 27 Jun 14 COCOA (£/tonne) Close Prev High/Low Jul 10 2485 2458 2510/2464 Sep 10 2351 2344 2378/2341 Dec 10 2277 2278 2305/2270 Mar 11 2235 2244 2264/2230 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1568 1560 1578/1501 Sep 10 1558 1524 1564/1480 Nov 10 1563 1533 1569/1494 Jan 11
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      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Jun 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.57 1.62 WTI (Near Mth) 75.26 1.21 Dubai (1-Mth F) 75.47 0.67 Tapis blend 80.10 0.85 Minas 79.55 1.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.33 0.05 Jet Kerosene 86.40 -0.45 US$/barrel Opec Oil
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      127 30 www.futurechina.sg mi: FUTURE CH I rv\ SINGAPORE The FutureChina Global Forum 12-13 July 2010 Ritz-Carlton Hotel, Singapore Strategic Insights for Riding China's Next Decade Featuring insights and analyses from renowned personalities including Platinum Sponsors \Ir BANK OF CHINA TEMASEK HOLDINGS wilmar Silver Sponsors Byffux Standard Chartered mvtrn Official Media A
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      949 30 Eurozone’s stock declines are amplified for investors in US, where dollar’s sharp rise is a reminder of currency markets’ powerful impact on international investments LAT-WP [NEW YORK] Ilio, cing mthantheir The ded in F YOU have a global portfolio, chances are you’re feeling more pain these
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      545 32  -  By GENEVIEVE CUA MOST high net worth individuals in Singapore appear to have sailed through the financial crisis of 2008. A survey by Barclays Wealth found that 73 per cent of Singapore respondents said their personal net worth remained intact through the crisis; or they
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