The Business Times, 8 June 2011

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, June 8,2011
    23 words
  • Article, Illustration
    Lock icon SIA joins wings Down Under
    742 1  -  Virgin Australia deal brings benefits even without ‘backdoor entry’ to a lucrative Aussie-US route By VEN SREENIVASAN [SINGAPORE] In a move to boost traffic and revenue, Singapore Airlines yesterday inked a landmark code-share alliance agreement with Virgin Australia group of airlines providing access to each
    AFP  -  742 words
  • Article
    Lock icon Boosted by good year, GIC wipes off all losses from crisis
    676 1  -  New chiefs for units focusing on China, India, Latin America By CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corporation (GIC) has recouped all the losses it suffered during the financial crisis, helped by a rebound in the value
    676 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 GST INDEX 3,115.95 (+2.22) G ST INDEX FUTURES 3,116 (+2) G SIMSCI 362.42 (+0.76) G SIMSCI FUTURES 361.50 (+0.70) FOREX US$ S$ US$ (S$ per US$) 1.229 (US$/S$ per 1.642 2.018 EURO (US$/S$/E) 1.466 1.801 Foreign currency per US$ S$ YEN 80.30 65.30 RM 3.007 2.447 HK$ 7.779
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      15 1 TONY TAN S’pore needs president with a steady hand to cope with change PAGE 4
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      12 1 EXEC MONEY The urge to trade could hurt PAGE 30 *****1 *****4
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      165 1 AVIATION SATS launches new brand identity PAGE 21 Sfc LISTENING ALONE IS NOT ENOUGH. YOU NEED PERFECT PITCH. Georges Ammann, piano tuner for Steinway Sons, Hamburg, Germany Thanks to his remarkable ear, Switzerland's Georges Ammann is able to detect the tiniest nuances in pitch as he tunes Steinway grands setting
      165 words
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      27 1 TRANSPORT HUB Strait Talk: Steep learning curve for shippers’ forum PAGE 20 CHANGING OF THE GUARD AT IATA Same objective, but very different style I PAGE 2
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  • TOP STORIES
    • Article
      Lock icon Rich nations warned of mini perfect storm
      666 2  -  World Bank and financial institutions body give their take on things to come By ANTHONY ROWLEY in Tokyo UNUSUALLY gloomy assessments of advanced economy prospects were issued yesterday by the World Bank, which warned of continuing “crisis-relat-ed” problems in these economies, while the
      666 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      415 2 SIA joins wings Down Under IN a move to boost traffic and revenues, Singapore Airlines has inked a landmark code-share agreement with Virgin Australia providing access to each other’s networks, coordinating schedules and pricing, engaging in joint marketing distribution, and offering reciprocal frequent flyer benefits and lounge access.
      415 words
    • Article, Illustration
      Lock icon Big shoes for new Iata chief to fill
      775 2  -  Tony Tyler needs to flesh out Vision 2050, help Asia grow its role NEWS ANALYSIS By VEN SREENIVASAN [SINGAPORE] Same objective, but very different style. That was the message the incoming director-gen-eral of the International Air Transport Association (Iata) tried to convey
      AFP  -  775 words
    • Article
      Lock icon The ‘grey chip’ in Macau’s VIP gaming windfall
      1077 4  -  HSBC analyst highlights the roles of junket operators, unregulated liquidity By GRACE LEONG [SINGAPORE] The phenomenal growth in Macau’s VIP gaming segment in recent years which helped position the Chinese enclave as the world’s largest gaming spot has largely been fuelled by
      1,077 words
    • Article, Illustration
      Lock icon Panel on minister pay review gets cracking
      578 4  -  It’s taking an HR tack in fixing what’s fair remuneration By CHUANG PECK MING [SINGAPORE] The committee charged to relook ministers’ pay met for the first time last Saturday and lost no time in getting to the job of nailing down a fair
      578 words
    • Article
      Lock icon PICTET FUNDS
      267 4 Pictet-Absl Rtn Glo Cons-P EUR 03.06.2011 EUR 101,35 Pictet-Absl Rtn Glo Div-P EUR 03.06.2011 EUR 114,99 Pictet-Asian Equities Ex Japan-P USD 03.06.2011 USD 188,28 Pictet-Asian Local Currency Debt-P USD 03.06.2011 USD 143,77 Pictet-Biotech-P USD 03.06.2011 USD 328,87 Pictet-CHF Liquidity-P 03.06.2011 CHF 124,19 Pictet-Clean Energy-P USD 03.06.2011 USD 78,68
      267 words
    • Article, Illustration
      Lock icon S’pore needs president with a steady hand to cope with change: Tony Tan
      660 4  -  Meanwhile, former NTUC Income chief announces that he will be a candidate By LEE U-WEN, CONRAD TAN [SINGAPORE] The path towards electing Singapore’s next president took another twist with a former deputy prime minister offering his take
      660 words
    • Article
      Lock icon Mitsubishi UFJ sells 29% Kim Eng stake
      541 4  -  It plans to work closer with CIMB after exiting the Singapore broker By PAULINE NG in Kuala Lumpur MITSUBISHI UFJ Securities Holdings Co Ltd (MUSHD) has accepted Malayan Banking’s general offer for Kim Eng Securities Ltd, but upon exiting the Singapore broker, plans
      541 words
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      115 2 LOEWE. Loewe Reference 52 Featuring Loewe Reference 52" TV and 5-Speaker Home Entertainment System. Total package $52,205 4.1 Speaker Setup Total package $26,655 3.1 Home Entertainment System Total package $45,795 2.1 Speaker Setup Total package $20,245 ATLAS® SMS CONTEST! SMS now to win the Bose® Mobile In-ear 2 headset worth
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      197 3 SINGAPORE SERVICE EXCELLENCE MEDALLION Recognising the heart of excellence The Singapore Service Excellence Medallion celebrates the pinnacle achievement in a new paradigm of service excellence. mSm aovvVvv; V AT AT yV yVyV yV yV yVyVyVyV, V AT /r A /T "A ?r A R~ A /T A r vg. vg
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  • COMPANY NEWS
    • Article
      Lock icon Olam stock rattled by fund-raising exercise
      590 5  -  Its shares fall by as much as 6% intra-day, on concern of earnings per share dilution By FELDA CHAY OLAM International shares took a beating yesterday on news that the commodities group has launched a $740 million equity fund-raising exercise. Fears that the move
      590 words
    • Article
      Lock icon Portek founder’s brother pares stake at bid price
      437 5  -  By JOYCE HOOI LAM Soon Onn, a brother of Portek International’s founder Larry Lam, sold 180,000 of his shares in the company at $1.20 last Thursday, the day after International Container Terminal Services Inc (ICTSI) made its voluntary conditional offer of $1.20
      437 words
    • Article
      Lock icon CapitaCommercial, CMT plan issue of floating rate notes
      320 5  -  By UMA SHANKARI CAPITACOMMERCIAL Trust (CCT) and CapitaMall Trust (CMT) intend to launch a “benchmark-size” offering of US dollar secured floating rate notes this month, the trusts said yesterday. The notes, which will be due in 2018, are part of the $10
      320 words
    • Article, Illustration
      Lock icon APB in aggressive search of growth
      553 7  -  Share price up on news of Solomon Breweries acquisition By EMILYN YAP IN less than a month, Asia Pacific Breweries (APB) has acquired a major stake in Solomon Breweries, launched a brewery in China, and announced expansion plans for another brewery in Vietnam. APB
      553 words
    • Article
      Lock icon Container shipping sector in for re-rating?
      479 7  -  By JOYCE HOOI IN yet another warning toll for the container shipping industry yesterday, CIMB Research placed the sector’s “overweight” rating under review, with rates on a downtrend and new ship orders on the rise. Along with the review of the sector, there are
      479 words
    • Article
      Lock icon Trades up for euro-US$ pair
      109 7 THE Singapore Mercentile Exchange (SMX) saw more than 1,000 lots of its euro-US dollar (EUR-USD) currency pair futures traded in a single session for the first time on June 2. Single session volumes are growing at a steady pace as the system of traders, brokers,
      109 words
    • Article
      Lock icon OSIM issuing 5-year convertible bonds
      293 7  -  By NISHA RAMCHANDANI LIFESTYLE products group OSIM International is issuing convertible bonds to raise some $120 million, it said in a filing to the Singapore Exchange yesterday. According to a source familiar with the deal, the five-year bond, which has a put option in the
      293 words
    • Article
      Lock icon RISES
      106 7 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 164.6 1.1 GLD 10US$ ***** 41.8 0.2 Asia Pac Brew 2600 30.0 1.2 Jardine C&C 3926 22.0 0.6 DBXT MSINDIA 10US$ 1028 18.4 1.5 Abterra 106 15.5 17.1 DBXT MSAsExJp 10US$ 3414 13.5 0.3 DBXT MSTaiwan 10US$ 2070 13.5 0.5 IS
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    • Article
      Lock icon FALLS
      126 7 BY CENTS CLOSE DOWN IS S&P500 *****-644.9 -3.9 JMH 5300 -44.2 -0.7 Lyxor China H 10US$ 1648 -39.3 -1.9 DBXT MSINDO 10us$ 1527 -29.5 -1.5 DBXT MSTHAI 10US$ 1633 -24.6 -1.2 DBXT FTChina25 10US$ 3162 -19.7 -0.5 Lyxor Malaysia 10US$ 970 -17.2 -1.4 UOB 5.05%NCPS 100 ***** -16.0 -0.1
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    • Article
      Lock icon Re-focus on Asean markets: Goldman
      504 8  -  M’sia and Indonesia singled out for upgrade; Thailand seen as uncertain By MICHELLE TAN AFTER going through a hibernatory four months, Asean markets have made a promising comeback of late, reminiscent of the robust gains during mid-2010. Outperforming the broader MSCI Asia Pacific ex-Japan index,
      504 words
    • Article, Illustration
      Lock icon Short-seller to release more research on Sino-Forest
      520 8 Forestry firm mulls legal action against manipulation claims Bloomberg [TORONTO] Carson Block, the short-seller whose assertions of financial manipulation by Sino-Forest Corp preceded a 71 per cent plunge in the forestry company’s shares last week, has said that he would release more research
      Bloomberg  -  520 words
    • Article
      Lock icon TEE-linked Chewathai buys water treatment firm
      403 8  -  Purchase gives TEE 49% stake in Thai company By MINDY TAN TEE International has enlarged its regional footprint in the waste water treatment industry. A month after securing a RM63.3 million (S$25.9 million) contract to build a water treatment plant in Malaysia, the engineering
      403 words
    • COMPANY BRIEFS
      • Article
        Lock icon Cosco unit wins deal to build barge
        93 8 COSCO (Zhoushan) Shipyard Co Ltd, a subsidiary of Cosco Corporation (Singapore) Limited’s 51 per cent-owned subsidiary, Cosco Shipyard Group Co Ltd, has won a US$25.85 million contract from a South-east Asian firm to build one semisubmersible barge. The vessel has a capacity of
        93 words
      • Article
        Lock icon China Gaoxian gets nod to postpone AGM
        74 8 CHINA Gaoxian has obtained a further extension of time from the Singapore Exchange to hold its annual general meeting for the financial year ended Dec 31, 2010 by end-August instead of end-June. It had sought the extension as its special auditors PwC and
        74 words
    • Article, Illustration
      Lock icon SingPost unit buys 30% stake in ITL in Vietnam
      298 8  -  By NISHA RAMCHANDANI SINGAPORE Post, which is striving to beef up its presence outside of Singapore, announced yesterday that its wholly owned subsidiary, Singapore Post Enterprise, is scooping up a 30 per cent stake in Viet-nam-based Indo Trans Logistics Corporation (ITL)
      298 words
    • Article
      Lock icon Perennial China 1.6 times subscribed
      307 8  -  By NISHA RAMCHANDANI PERENNIAL China Retail Trust (PCRT) has raised $776.2 million from its initial public offering. At the close of its IPO, its institutional placement and public offer tranches were 1.6 times subscribed. PCRT had initially planned to list earlier at about $1 a
      307 words
    • Article
      Lock icon Keppel odd-lot trading counter extended
      174 8 KEPPEL Corporation has extended the use of a temporary counter for trading of its shares in odd lots by a month. An odd lot refers to the amount of a security that is less than the normal unit of trading, or 1,000 shares in Singapore’s
      174 words
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      1003 5 Advertising Feature Invest in the future of healthcare As the prime Novena precinct takes shape as Singapore's top healthcare hub, medical professionals are rapidly flocking to establish a foothold in the area. Billions of dollars are being poured into developing state-of-the-art facilities in Novena, solidifying its reputation as the strongest
      1,003 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering props up market
      568 6  -  ST Index ends slightly up on expectations of Wall Street recovery; overseas markets still call the shots STOCKS R SIVANITHY Senior Correspondent CONDITIONS in the local stock market yesterday remained the same as they have been for many weeks now, with direction set by overseas markets
      Source: Bloomberg  -  568 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 3 0 0 0 6 8 3 Manufacturing 56 31 63 2 3 10 58 34 73 Commerce 14 18 22 2 1 3 16 19 25 Tpt/Stor/Comms 19 11 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 71,412 71,412 88,288 88,288 Manufacturing 260,815 12,064 272,879 200,043 875 200,918 Commerce 111,501 3,227 114,728 182,082 577 182,659 Tpt/Stor/Comms 120,580 1,932 122,512 221,236 246 221,483 Finance 18,461 18,461 172,421 172,421 Construction 16,545 3,270 19,815 4,899
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.580 CapitaLand 3.030 +0.010 CapitaMall 1.950 CityDev 11.040 -0.100 ComfortDelGro 1.440 +0.010 DBS Grp 14.800 +0.040 F&N 5.850 -0.040 GLP 2.080 +0.070 Genting SP 1.990 +0.020 Golden Agri 0.680 HK Land 7.350 -0.030 JMH 53.000 -0.360 JSH
      108 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 7 VALUE CLOSE BT OB/OS -196.00 -58.00 BT CADI -*****.00 +48.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 750.85 +1.33 FTSE ST Small Cap 526.81 +3.06 FTSE ST All Share 763.09 +0.92 FTSE ST China Top 256.06 +0.74 FTSE ST China 294.00 +0.72 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME Genting SP 120,705,000 Artivision 90,171,000 Golden Agri 51,372,000 Gallant 46,639,000 Olam 45,678,000 Dyna-Mac 40,190,000 EastgateTech 36,895,000 Compact 33,031,000 NexGenSCom 27,971,000 Yangzijiang 27,254,000 VALUE($) Genting SP 237,456,750 Olam 124,039,338 DBS Grp 74,511,508 SingTel 72,505,910 Yangzijiang 41,533,471 UOB 39,478,180 CapitaLand 39,453,370 Keppel Corp 38,898,014 Golden Agri 35,054,850 OCBC
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    • Article, Illustration
      Lock icon QUICKCHART
      434 6  -  by Kim Kim Eng Research From strength to strength The stock is moving strongly and looks very healthy from both an intermediate and long-term timeframe. It is likely to pace higher with prices surpassing the key moving averages. DMI is positively placed and the immediate support level holds at
      434 words
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      267 6 Trading on The move KE Trade dp Q KE Trade Mobile App Available on Android, BlackBerry® and iPhone OS. ut KIM ENG AT HOME IN ASIA Make 3 trades in 1 week and get shopping vouchers. Exclusive Promotion for M1 Clients Trade and Get $80 M1 voucher. To open an
      267 words
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      96 7 ALWAYS WITH HIS THINKING CAP ON FAST@MPANY THE 100 MOST CREATIVE PEOPLE IN BUSINESS South East Asia's Most Creative Person Congratulations Tony on being named one of Fast Company's 100 Most Creative People in Business. As the only South East Asian to be recognised, we are proud of your achievements
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      264 8 STANFORD NUS NUS GRADUATE SCHOOL OF BUSINESS National University BUSINESS of Singapore SCHOOL STANFORD-NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 13-27 AUGUST 2011 Real-World Strategies For Global Business. This program presents a unique opportunity to immerse in the vibrant cultures of two of the world's most respected institutions; one renowned for
      264 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Tenaga to carry on buying from PowerSeraya
      400 9  -  Reports say Tenaga could see its gas supplies reduced by some 30% By RONNIE LIM FOLLOWING its first-ever commercial purchase of power supplies from Singapore for almost the whole of last month, Malaysia’s largest electricity group Tenaga Nasional will continue to buy power
      400 words
    • Article
      Lock icon GMR Energy breaks ground for power station
      522 9  -  This is group’s first independent power project outside India By RONNIE LIM THE newest kid on Singapore’s power block GMR Energy (previously known as Island Power) is officially set to plug and play. Owner GMR Infrastructure held a groundbreaking on Sunday for its
      522 words
    • Article, Illustration
      Lock icon Baring Private Equity acquires PSB Academy
      294 9  -  Baring has invested US$400m in the education sector By TEH SHI NING BARING Private Equity Asia yesterday bought over private tertiary education provider PSB Academy from German testing and certification company TÜV SÜD. PSB Academy, which has 10,000 students enrolled in its two campuses
      294 words
    • Article
      Lock icon CSR mostly driven by cost management now
      305 9  -  By KELLY TAY COST management is now the biggest driving force behind Singapore companies’ corporate social responsibility (CSR) activity, according to the 2011 Grant Thornton International Business Report. The study surveyed 2,700 companies globally in the first quarter of this year, to uncover
      305 words
    • Article
      Lock icon S’pore to overtake Vegas this year
      503 10 Gaming revenues in the two IRs set to rise to US$6.4b in 2011, says analyst AFP [MACAU] Singapore is set to overtake Las Vegas as the world’s second-largest gambling hub this year, a US gaming industry head said yesterday, as Asia cements its place
      AFP  -  503 words
    • Article, Illustration
      Lock icon Holland Hill site up for collective sale
      359 10 THE freehold Olina Lodge at Holland Hill has been put up for collective sale with an indicative price of $225 million or $1,666 per square foot per plot ratio (psf ppr). The site, a few minutes’ drive to the Singapore Botanic Gardens, is
      359 words
    • Article
      Lock icon DBSS site at Sengkang launched for sale
      327 10  -  By UMA SHANKARI THE Housing Development Board (HDB) has launched a housing site under its design, build and sell scheme (DBSS) at Sengkang for sale by tender. The new DBSS site, which has a land area of about 244,405 square feet, can accommodate
      327 words
    • Article
      Lock icon Woodlands site fails to excite developers
      366 10  -  Only 3 parties make offers with top bid within expectations By EMILYN YAP THE tender for a site at Woodlands Avenue 2-Rose-wood Drive closed yesterday with one of the most subdued bidding results in the government land sales programme for residential sites in the
      366 words
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      135 9 V. r J Pre-sale discounts available Call now london WIG ri «< I I L. mj ■ilk l sc Computer generated image \e I [N HAMPSTEAD J Bfllltt HhAIH <\ HAMPSTEAD GLADSTONE \V/ PA r K > AFORTUN e e REEN metro jueens Park O LADBROKE SHEPHARDS e BUSH, Rensal
      135 words
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      2459 10 LUXURY TOURS TRAVEL PTE LTD "Go Business/Leisure Travel With Us Your Professional Travel Planners" We provide excellent and friendly services in WORLDWIDE TICKETING Worldwide Hotels Online Customers Company Incentive Trips TsSSSBBja Customize Tours and Cruises T24 After Office Hours Contact Available I ATA Call Our Corporate/Leisure Hotline Tel: 6309 0855i
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      914 10 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA JISHAN HOLDINGS LIMITED (Incorporated in Singapore with limited liability) (Company Registration No. *****0591E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM”) of the members of China Jishan Holdings Limited (the “Company”) will be held at
      914 words
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      420 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UNITED AUSTINDO CHEMICALS PTE. LTD. (Company No. *****1616C) (In Members' Voluntary Liquidation) At the Extraordinary General Meeting of the above-named Company deemed to be held on 8 June 2011 the following resolutions were duly passed as:SPECIAL
      420 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Latest economic data a letdown, say Fed officials
      662 11 One says that it may delay Fed’s exit from loose monetary policy; others think enough is enough Reuters [NEW YORK] US Federal Reserve officials on Monday said that recent economic data has been disappointing, with one suggesting that it could delay the
      Reuters; BLOOMBERG  -  662 words
    • Article, Illustration
      Lock icon Australia keeps interest rates steady
      538 11 Treasurer warns of coal export backlash without carbon tax AFP [SYDNEY] Australia held official interest rates steady at 4.75 per cent yesterday, saying floods and cyclones had thrown the economy into reverse and Europe remained plagued by debt fears. The Reserve Bank of Australia left
      AFP  -  538 words
    • Article
      Lock icon Junk bond fatigue sends spreads to a high
      307 11 Bloomberg [NEW YORK] The junk bond rally that has driven returns of 92 per cent since the end of 2008 is showing signs of “fatigue”. Bondholders are demanding the highest yields relative to government debt since January to own specula-tive-grade securities, according
      Bloomberg  -  307 words
    • Article
      Lock icon BOJ still sees Japan rebound by year’s end
      594 11 Signs of global slowdown not significant enough Reuters [TOKYO] The Bank of Japan sees recent signs of a global slowdown as a potential risk, but not significant enough to change its view that Japan’s economy will resume a moderate recovery from a
      Reuters  -  594 words
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      215 11 Broadcasthsia2011 Singapore I 21-23 JUNE 2011 10:30am 6pm 24 JUNE 2011 10:30am -4pm 1 Asia's Most Relevant Comprehensive Digital Multimedia Entertainment Event Witness the latest technologies in 3D, Animation and VFX, Cinematography, Digital Media Asset Management, HbbTV IPTV, HD Technology, Playout Services and many more Meet key exhibitors such as
      215 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Asian petroleum companies ride expansion wave
      572 12 Petronas said last month it planned to build a US$20b integrated complex Reuters [KUALA LUMPUR] Refineries from Malaysia, China to India are investing billions of dollars in a fresh wave of capacity expansion to feed rising regional demand, while counterparts in the US and
      Reuters  -  572 words
    • Article, Illustration
      Lock icon Garuda expands fleet with at least 50 new plane orders
      382 12 Reuters [SINGAPORE] Indonesian flag carrier Garuda Indonesia plans to announce an order of 25 aircraft with a capacity of 180-190 seats each at the Paris Air Show this month, its chief executive said yesterday. The president and chief executive officer,
      Reuters; FILE PHOTO  -  382 words
    • Article
      Lock icon Sihayo Gold to resume operations
      469 12 Reuters [JAKARTA] Australia’s Sihayo Gold will restart operations by Monday at an Indonesian gold mining project and still expects to start production in two years, after protesters set fire to its camp late last month, its chief executive Paul Willis said yesterday. The incident highlights
      Reuters  -  469 words
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      293 12 ChiKT dN A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund 4 ir (T 1 r r •S) Monev Fund C_> Budding Artists Fund STRAITS TIMES. Extend your love through Friendship and Hope, our theme for ChildAid 2011 an annual charity
      293 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China will avoid Japan’s errors: Roach
      409 13 Unlike Japan, China’s committed and able to change export-led model Bloomberg [NEW YORK] China’s policymakers are positioned to extend the country’s rapid growth and avoid the mistakes made by Japan when its economy slowed in the 1990s, according to Mor- gan Stanley’s Stephen Roach.
      Bloomberg; BLOOMBERG  -  409 words
    • Article, Illustration
      Lock icon THE CHINESE ART EXPLOSION
      93 13 CHILDREN posing with a four-dimensional (4D) painting on display at a contemporary art exhibition in Jilin, north-east China's Jilin's province. China overtook Britain as the world's second biggest market for art and antiques in 2010, said a report from the European Fine Art Fair in the
      AFP  -  93 words
    • Article
      Lock icon India’s govt debt trailing China, Brazil
      556 13 Central bank expected to go easy on rate hikes Bloomberg [NEW DELHI] India’s government bonds are lagging behind debt in China and Brazil as investors speculate the central bank will slow the pace of rate increases after the economy expanded the least since 2009.
      Bloomberg  -  556 words
    • Article
      Lock icon China may widen yuan trading band: Stanchart
      302 13 Bloomberg [SINGAPORE] China may widen the yuan’s trading band in the “next few weeks” as policymakers favour a more flexible exchange rate to combat inflation, according to Standard Chartered Plc. The range may be widened to allow the currency to trade as much
      Bloomberg  -  302 words
    • Article
      Lock icon Lagarde yet to get India’s support for top IMF post
      350 13 Reuters [NEW DELHI] India has not given any commitment to support French Finance Minister Christine Lagarde’s candidacy for the International Monetary Fund’s (IMF) top job, Finance Minister Pranab Mukherjee told reporters yesterday, a sign that India may still be hopeful
      Reuters  -  350 words
    • Article, Illustration
      Lock icon Beijing urged to hike interest rates further
      543 13 Top banker sees ‘some bubbles’ in property market Reuters [BEIJING] China should raise interest rates further to help rein in the property market, a top Chinese banker said in comments published yesterday, amid talk of an imminent rate rise. “It’s necessary for China
      Reuters  -  543 words
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      374 13 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAR 50) AND IN THE MATTER OF AUSTIN HILLS COUNTRY RESORT PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****7736N) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50) the
      374 words
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  • WORLD
    • Article, Illustration
      Lock icon Geithner seeks global rules on derivatives
      632 14 He warns of crisis if financial risk shifts to jurisdictions with least supervision Bloomberg and Securities and Exchange Commission are writing new regulations required by the Dodd-Frank Act, the financial overhaul enacted last July, after largely unregulated derivatives helped fuel the 2008 credit crisis.
      Bloomberg; REUTERS  -  632 words
    • Article, Illustration
      Lock icon Obama loses top economist as signs of slowdown emerge
      618 14 Reuters [WASHINGTON] Top White House economist Austan Goolsbee said on Monday he was stepping down, marking the exit of one of President Barack Obama’s top aides at a time when new signs of weakness have emerged in the US economy. Less
      Reuters  -  618 words
    • Article, Illustration
      Lock icon Russian spy expelled by US joins Putin in wooing investors
      630 14 Bloomberg [MOSCOW] Russian spy Anna Chapman, expelled from the US last year, is starting a new career in venture capitalism as she allies with Prime Minister Vladimir Putin to lure technology investment to the country. “I’ve always been fascinated with
      Bloomberg; BLOOMBERG  -  630 words
    • Article
      Lock icon International Paper makes US$3.31b hostile bid for Temple-Inland
      469 14 Offer of US$30.60 a share is 46% more than the target’s closing price on Monday Bloomberg [NEW YORK] International Paper Co, the world’s largest pulp-and-paper maker, has made a US$3.31 billion hostile takeover bid for Temple-In-land Inc to increase its share of
      Bloomberg  -  469 words
    • Article
      Lock icon Japan to report nuclear melt-throughs, says daily
      679 15 UN agency will be told fuel may have gone through three reactor core vessels AFP [TOKYO] Japan will for the first time report to the UN nuclear watchdog that fuel in its crippled Fukushima plant may have melted through the bottoms of three
      AFP  -  679 words
    • Article, Illustration
      Lock icon ‘Advisers’ in a ‘council of wisdom’ with little to do with football
      562 15  -  By LEE U-WEN FIRST, it was former United States secretary of state Henry Kissinger who was roped in. Then, the invitations went out to ex-FBI director Louis Freeh and former Holland international player Johan Cruyff. Now, add renowned
      562 words
    • Article, Illustration
      Lock icon Kiwis mourn death of Shrek the sheep
      423 15 AP [WELLINGTON] New Zealanders are mourning the loss of the country’s most famous sheep yesterday, a shaggy national icon named Shrek who was renowned for avoiding being shorn for years. Shrek captured the public’s imagination in 2004 after he evaded the annual shearing
      AP; REUTERS  -  423 words
    • Article, Illustration
      Lock icon US congressman admits to online, phone sex
      601 15 AFP [NEW YORK] New York congressman Anthony Weiner wept, backtracked, and admitted that he lied on Monday about extramarital online and phone sex with several young women, but refused to leave his elected post. Mr Weiner called a nationally televised press conference to
      AFP; BLOOMBERG  -  601 words
    • Article
      Lock icon Brazil to pump money into ethanol industry
      767 16 Govt to work with private sector and boost output amid rising fuel demand Reuters [SAO PAULO] Brazil’s state-run development bank BNDES announced that it would provide 30 billion to 35 billion reais (S$23.3-27.2 billion) to finance expansion in the sugar cane sector through
      Reuters  -  767 words
    • Article, Illustration
      Lock icon Sony unveils PlayStation Vita, 3D games
      570 16 AFP [LOS ANGELES] Sony introduced its new-generation PlayStation Vita gaming handset and blockbuster 3D console titles as it sought to shake off the stigma of cyberattacks on its system. The Japanese entertainment giant turned the Los Angeles sports arena into a music and videogame
      AFP; BLOOMBERG  -  570 words
    • Article
      Lock icon Australian takes page from WSJ’s ‘freemium’ payment model
      300 16 AP [SYDNEY] News Corp will begin charging for online access to The Australian in October, following the lead of sister publications like The Wall Street Journal and The Times. Users will pay for opinion columns, exclusive stories and other premium content, chief
      AP  -  300 words
    • Article
      Lock icon High cost of new cancer treatments put them out of Americans’ reach
      686 16 Patients drop medical care because the bills threaten to bankrupt them: studies Reuters [CHICAGO] The skyrocketing cost of new cancer treatments is putting advances in fighting the deadly disease out of reach for a growing number of Americans.
      Reuters  -  686 words
    • Article
      Lock icon Trichet encourages investors to buy new Greek bonds
      579 17 Greece unveils first step in a programme that aims to raise 50b euros Bloomberg [MONTREAL] European Central Bank (ECB) president Jean-Claude Trichet gave his first signal endorsing measures to encourage investors to buy new Greek bonds to replace maturing securities as officials
      Bloomberg  -  579 words
    • Article, Illustration
      Lock icon Obama, Merkel reaffirm their nations’ bonds
      668 17 AP [WASHINGTON] Opening a day focused on both policy and pomp, President Barack Obama and German Chancellor Angela Merkel hailed the relationship between their nations as the cornerstone of efforts to promote peace and prosperity around the world. Mr Obama said that Ms Merkel’s
      AP; AFP  -  668 words
    • Article
      Lock icon Investors shift focus to emerging market consumers
      580 17 AFP [MONTREAL] Emerging markets have lost little of their lustre despite concerns about Brazil, China and India overheating but investors are slowly shifting their focus from commodities to consumers. Amid concerns about inflation in Brazil and a housing bubble in China, emerging market
      AFP  -  580 words
    • Article
      Lock icon EU farm chief proposes millions in aid for E coli
      610 17 Germany fears the source of bacteria may never be found AFP AP [BRUSSELS] The European Union’s farm chief has proposed 150 million euros (S$270 million) in aid to help producers hit by the continent’s E coli contamination crisis. EU Farm
      AFP; AP  -  610 words
  • Page 14 Advertisements
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      53 14 Choice f T ln Singapo^ V m LX Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-0266
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      5 14 China'soilgiants CNPC&Sinopec upnumber ofpetrolstations Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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  • Page 15 Advertisements
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      46 15 How to run a business without running out of ideas May/June issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
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  • Page 17 Advertisements
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      97 17 FREE CFD Trading Workshop Buy The Book Attend A FREE CFD Workshop Worth $188. Written by best-selling author and trader, Nicholas Tan, it teaches Singapore traders how to trade CFDs. Learn winning strategies for both bullish and bearish market conditions and how to use CFDs for a more profitable trading
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      19 17 Be part of an ICONIC DEVELOPMENT enq uirieslplease call Ratrii^ISDiT gE^megjMR0ma8D Teummmsm CB RICHARD ELLIS Agency Licence No. L*****63I
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  • EDITORIAL & OPINION
    • Article
      Lock icon Eurozone buys more time for Greece
      499 18 EDITORIAL WE now know for sure what many economists have long suspected: that Greece’s sovereign debt situation is as far from resolution as it ever was and that the beleaguered nation needs even more financing to meet its obligations than the 110 billion euros
      499 words
    • Article, Illustration
      Lock icon China-Russia partnership: self interests take priority
      776 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter @FrankChing1 TEN years ago, China and Russia signed a Treaty of Good-Neighbourliness and Friendly Cooperation. At the time, bilateral trade reached US$10 billion. Last year it
      776 words
    • Article, Illustration
      Lock icon Have a Marshall Plan for the Arab world
      999 18  -  Europe should enhance its integration with its southern neighbours, for mutual benefit By FRANCO FRATTINI in Rome The writer is Italy’s Minister for Foreign Affairs and former EU Commissioner for Justice, Freedom and Security US PRESIDENT Barack Obama’s major speech on the
      AP  -  999 words
    • Article, Illustration
      Lock icon Investing in extraordinary businesses
      1572 19  -  Any market-beating technique should contain this one essential ingredient: a focus on the return on equity By ROGER MONTGOMERY The writer is founder of Montgomery Investment Management Pte Ltd, a Sydney-based investment manager. His book, “Value.able How to value the best stocks and buy them for
      REUTERS  -  1,572 words
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      Lock icon Greece had better be second time lucky
      710 19  -  By HUGO DIXON REUTERS BREAKINGVIEWS GREECE mustn’t waste its second chance. Athens looks like it will receive enough bailout cash to see it through to end-2013. But if it veers off track again, as is all too possible, any third chance might come
      REUTERS  -  710 words
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  • TransportHUB
    • Article
      Lock icon Steep learning curve for shippers’ forum
      949 20  -  STRAIT TALK By DAVID HUGHES SHIPPERS around the world should be able to look forward to their concerns being voiced more effectively with the transformation of the Global Shippers’ Forum from an informal alliance into an organisation potentially on a par with shipping industry
      949 words
    • Article, Illustration
      Lock icon Tanker rates seen rising on likely Opec export boost
      500 20 Reuters [SINGAPORE] Rates for crude oil tankers on key Asian freight routes are seen rising over the next week, supported by an expected boost in Opec exports, shipbrokers said yesterday. For clean tankers, rates are expected to ease slightly on waning
      Reuters; BLOOMBERG  -  500 words
    • Article
      Lock icon Baltic index slides after rising for 10 sessions
      453 20 Analysts see cargo demand providing modest support for larger capesizes Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, turned negative on Monday in light activity. Analysts said there was expectation that cargo demand would
      Reuters  -  453 words
    • Article
      Lock icon Missing link in Somali piracy picture: torture
      438 20 Bloomberg Reuters [LONDON] Shipowners are failing to disclose the scope of Somali pirates’ torture of crews off the East African country’s coast to avoid alarming seafarers working in the danger zone, a security adviser said. “It is not in the interests of the
      Bloomberg; Reuters  -  438 words
    • Article
      Lock icon Maersk CEO calls for timely deliveries
      94 20 Bloomberg [COPENHAGEN] Eivind Kolding, chief executive officer at Maersk Line, the world’s largest container line, said the industry must improve its ability to deliver cargo on time to a rate of at least 95 per cent from currently 50 per cent. “If customers increase
      Bloomberg  -  94 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Jun 7 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.25 unch 206 Cosco Corp 1.88 0.04 ***** CWT Ltd 1.32 0.02 3156 Ezra Hldgs 1.53 0.01 2943 First Ship Lea 0.39 -0.01 3094 Freight Links 0.06 unch 839 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon SATS unveils new brand identity
        467 21  -  Aim is unified model for its businesses gateway services and food solutions AVIATION SUMMIT By VEN SREENIVASAN [SINGAPORE] SATS Ltd yesterday launched its new brand identity to build a unified, consistent global representation across its two businesses, comprising gateway services and food solutions. The company
        467 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3357 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 --BA7382 2225 --JL7893 2225 --MU8439 2225 --QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293
        3,357 words
      • Article
        Lock icon A safer, more efficient airport Checkpoint of the Future
        551 21  -  By KENNETH DUNLAP The writer is Director-Security, International Air Transport Association AVIATION security must be effective and convenient. Passengers should be able to walk from the front door of the airport to the door of their airplane without stopping, stripping or
        551 words
      • Article
        Lock icon Turkish Airlines: The Silkroad of the skies
        638 21  -  The rapidly growing carrier needs more aircraft, frequencies and destinations By VEN SREENIVASAN [SINGAPORE] The Silkroad of the skies. That is how Turkish Airlines’ CEO Temel Kotil sees his airline. Indeed, with over 15 per cent annual RPK (revenue passenger km) growth since
        638 words
    • TRANSPORT HUB: LAND AND AIR
      • Article
        Lock icon Toyota asks US judge to dismiss suit over recalls
        388 22 Shareholders sue to include Japanese law claims for stocks listed in Tokyo Bloomberg [LOS ANGELES] Toyota Motor Corp has asked a judge to dismiss a shareholders’ lawsuit over recalls related to alleged sudden, unintend-ed-acceleration problems that caused the shares to drop
        Bloomberg  -  388 words
      • Article
        Lock icon Output loss at Maruti Suzuki hits US$20m
        387 22 AFP Reuters [MUMBAI] India’s largest passenger carmaker Maruti Suzuki India has lost an estimated US$20 million since the start of a strike at its factory in the north of the country, a company source said yesterday. The source, who requested anonymity because they
        AFP; Reuters  -  387 words
      • Article, Illustration
        Lock icon South America picks up speed for GM
        492 22 Reuters [DETROIT] General Motors Co (GM) expects to sell 1.5 million vehicles a year in South America by 2015, up from 1.03 million last year, the head of the largest US carmaker’s operations in the region said. That forecast implies growth rates at
        Reuters; BLOOMBERG  -  492 words
      • Article
        Lock icon Hyundai, union to start wage talks today
        574 22 Reuters [SEOUL] Hyundai Motor, South Korea’s top carmaker, is expected to start annual wage talks and collective bargaining with its labour union today, which will set the tone for the broader car industry’s annual pay negotiations. Hyundai registered a strike-free 2009 and 2010,
        Reuters  -  574 words
      • Article
        Lock icon Iata says EU emissions trading scheme unfair
        414 22 Reuters [SINGAPORE] The world’s biggest airline grouping hit back at the European Union yesterday, saying it had not retreated from its support for emissions trading but said the bloc’s scheme for aviation was unfair and costly. From Jan 1 next year, airlines landing
        Reuters  -  414 words
      • Article
        Lock icon 2008 pounding keeps carriers from ramping up oil hedging
        572 22 Reuters [SINGAPORE] Bruised by wild swings in oil prices in 2008, global airlines may be less inclined to ramp up hedging for fuel purchases this year despite the risk of facing billions of dollars in additional fuel bills. The International Air
        Reuters  -  572 words
      • Article, Illustration
        Lock icon Airbus making headway with new orders
        470 22 Bloomberg [SINGAPORE] Airbus SAS may announce its first order for the A320neo this month from an airline that operates Boeing Co 737s, signalling the European company is making inroads into rival territory with its upgraded single-aisle jet. All orders or commitments for the jet,
        Bloomberg; BLOOMBERG  -  470 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      293 21 CRYPTIC CROSSWORD Across 1 Bogus cure, often it’s dodgy (11) 10 French you go off backing teacher(5) 11 Top decoration for officer? (9) 12 Sacrament from curate and his congregation (9) 13 After midnight, space for curry (5) 14 Flash by Queen showing heart (6) 16 Rough house in gaol,
      293 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8284 23 Transaction date: Jun 7 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 16 unch 400 16 16 15.5 16 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 8 unch 366
      8,284 words
    • Article
      Lock icon SGX CATALIST
      1527 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.5 4.5 19 3.9 202 145 t APStrategic 161 149 161 95.5 1.5 0.5 t Advanced System 0.5
      1,527 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9803 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.11/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.76/ Aberdeen Asset Mgt Asia Limited American Opp 0.651/ Asian Credit Fund
      9,803 words
    • Article
      Lock icon GLOBALQUOTE
      248 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A47.5 47 49.5 3.6 7.4 3.8 123.7 55 16 Genting HK US$ US39.5 unch 7796 40 38.5 39 39.5 2600.9 21 10.5 Over&Gen A15
      248 words
    • Article
      Lock icon SGX ETF
      861 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 113 123 538.6 1077 761 CIMBAsean40 100US$ US1049 -9 2 1049 1049 1037 1050 42 350 280 DBS STI
      861 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 6 Index Change Change Change Change Change Change World Index Preliminary 898.6 -0.4 0.1 -0.5 -1.4 -0.4 2.7 EAFE Preliminary 775.9 -0.5 -3.1 -0.5 -1.6 -0.4 2.4 Europe Preliminary 1161.9 -0.4
      374 words
    • Article
      Lock icon INTERBANK RATES
      184 25 Jun 7 $S Offer Bid 0vernight 0.01 0 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.37 0.27 6 months 0.47 0.37 9 months 0.70 0.50 12
      184 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jun 7 S$ Bid Offer 1-month 1.2284 1.2294 2-months 1.2283 1.2294 3-months 1.2283 1.2293 6-months 1.2281 1.2291 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 Jun 07 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.364 1.287 Can dollar 1.279 1.23 Euro 1.828 1.758 Sterling pound 2.049 1.971 NZ dollar 1.031 0.982 US dollar 1.248 1.2 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 25 Jun 7 Open High Sett STI Jun 3101 3103 3116 SIMSCI Jun 360.3 362.1 361.5 Taiwan Jun 319.5 321.9 321.6 Source: MF Global (S) Pte Ltd
      29 words
    • Article
      Lock icon PALM OIL
      65 25 Jun 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3400 3373 3400 3373 276 1645 Jul 11 3383 3371 3397 3359 1905 ***** Aug 11 3380 3354 3385 3343 ***** ***** Sep 11 3387 3352
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      475 25 Jun 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7425 0 1933 Sep11 99.6650 0 5655 Dec11 99.6050 0 3293 Mar12 99.5300 0 1677 EUROYEN TIBOR FUTURES Jun11 99.6650 99.6650 99.6650 99.6650 0 5803 Sep11 99.6700 99.6700 99.6650 99.6600 0 1466 Dec11 99.6625 0 1957
      475 words
    • Article
      Lock icon SICOM FUTURES
      149 25 Jun 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 522.0 522.0 522.0 4 110 Aug 11 65 Sep 11 335 Oct 11 206 Nov 11 161 Dec 11 214 Jan 12 168 Feb 12 89 Mar
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 25 Jun 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 08.09.2011 0.33 0.28 0.28 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.16 102.20 102.18 5-Year N*****0W 1.125 01.04.2016 100.18
      79 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Jun 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1383.25 1414.50 1418.25 1382.00 Aug 11 1377.75 1407.50 1411.00 1376.50 Sep 11 1373.75 1401.50 1403.75 1371.75 Nov 11 1372.75 1397.00 1401.00 1370.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 58.03
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Jun 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.06 0.29 WTI (Near Mth) 98.64 -1.81 Dubai (1-Mth F) 108.13 -0.25 Tapis blend 121.00 -0.27 Minas 118.40 -0.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.56 0.40 Jet Kerosene 129.82 0.72 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2572 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 22 3.00 8 AlliedTech W*****2 2 1 4 29 Asia Water Tech Ltd W*****8 3.5 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 25 Jun 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.936 0.730 8.328 47.859 91.184 0.859 11.583 3.219 1.305 91.971 46.248 1.316 7.214 0.893 30.752 32.411 0.652 1.071 Canada 0.958 6.643
      462 words
    • Article
      Lock icon SIBOR
      85 25 Jun 7 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      140 25 Jun 7 GOLD (US$/oz) Jun 07 Jun 03 Hong Kong 1550.00 1535.00 Jun 03 Jun 06 London 1537.93 1551.60 1538.74 1552.60 Source: Thomson Reuters Source: Reuters CAST BAR Jun 07 (S$) Selling Buying Kilobar 65,665.90 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 418 306
      140 words
    • Article
      Lock icon LONDON METALS
      71 25 Jun 6 Jun 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2645.25 2621.25 3 months 2664.00 2637.00 Copper, Grade A (US$/tonne) Cash 9122.75 9087.75 3 months 9135.00 9099.00 Lead (US$/tonne) Cash 2501.00 2436.00 3 months 2502.00 2433.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Jun 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3149 1.3163 1.0704 1.0707 Canadian dollar 1.2591 1.2607 1.0250 1.0254 Euro 1.8003 1.8021 1.4656 1.4658 NZ dollar 1.0078 1.0091 0.8204 0.8208 Sterling pound 2.0173 2.0193 1.6422 1.6425
      154 words
    • Article
      Lock icon LIFFE
      82 25 Jun 6 COCOA (£/tonne) Close Prev High/Low Jul 11 1772 1779 1794/1765 Sep 11 1793 1800 1812/1787 Dec 11 1822 1826 1842/1814 Mar 12 1843 1848 1862/1839 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2404 2489 2505/2400 Sep 11 2449 2528 2545/2445 Nov 11 2477 2553 2567/2474 Jan 12
      82 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5482 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    5,482 words
  • Page 26 Advertisements
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      78 27 A member of the A&G group Complete Air Sea Freight Services. Call: 6542 6020 Email: admin@agshipping.sg 20 Changi South St 1 (S)*****8. www.airngas.com Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      78 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      97 28 Collective Sale by Tender Hilltop Site Near Holland Village Site Area 7,830.7 sq m (Approx. 84,288 sq ft) MP 2008 Zoned ‘Residential’ at Plot Ratio 1.6 Within walking distance to Holland Village, Commonwealth MRT Station and future Holland Village MRT Station Minutes’ drive to Dempsey Hill, Singapore Botanic Gardens and
      97 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 2
      81 28 For Sale By Tender Prime Commercial Site Near Bugis MRT North Bridge Commercial Complex at 470 North Bridge Road, Singapore Opposite Inter-Continental Hotel Bugis Junction Site area 1,079.1 sq m (11,615 sq ft approx) Outline Permission granted for a Commercial development with GFA of 6,188.67 sq m Wide prominent frontage
      81 words
  • executive Money
    • Article, Illustration
      Lock icon Bumpy ride for global economy
      957 28  -  The second half of 2011 is looking much like the first with the recovery buffeted by headwinds from fiscal issues and currency volatility HAREN SHAH The writer is senior investment strategist, wealth management, Citi Asia Pacific AS we approach the end of the first half
      Source: MSCI, ROE, Datastream, Cto Investment Research anrl Analysis Asol May!9; Source: MSCI, I8ES, Datastream and Citi Investment Research and Analysis; Source: MSCl, Balastteam and Citi Investment Reseaidi and Analysis As of May19; Source: MSCI, Dalastream, and Ciri Investment Reseaich and Analysis  -  957 words
    • Article, Illustration
      Lock icon US bank shares take a beating – and it may not be over
      1224 28 US bank shares take a beating and it may not be over NYT [NEW YORK] Michael Scanlon is tempted by US bank stocks; truly he is. They are cheap: selling at near their lows for the year, and trading at well below the valuation of other large companies. But Mr
      NYT; AP  -  1,224 words
    • Article, Illustration
      Lock icon Tech stocks cheapest since 1998
      1508 29 Profits seen rising 35% faster than the S&P 500 Index in 2011 Bloomberg [NEW YORK] THE five-week drop in US stocks has driven technology company valuations to the lowest level in more than a decade, making them too cheap to pass up for some of
      Bloomberg; AFP  -  1,508 words
    • Article
      Lock icon The urge to trade could hurt
      680 30  -  New poll finds that 41% of Singapore’s rich believe they have to trade frequently to make money, reports GENEVIEVE CUA NUMEROUS academic studies show that frequent trading can be damaging to your wealth, but the affluent in Singapore may be oblivious to that. A
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      758 30 NYT [NEW YORK] For nearly all investors, frequent trading is a terrible proposition. Many people know they trade more than they should but they just can’t stop. The fundamental problem with frequent trading is that very few people can consistently outsmart the market at
      NYT  -  758 words
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