The Business Times, 27 June 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL31534
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, June 27,2011
    22 words
  • Article, Illustration
    Lock icon Gap in offer, asking prices widens, GCB sales fall through it
    956 1  -  By KALPANA RASHIWALA [SINGAPORE] Property agents have been reporting a slowdown in Good Class Bungalow (GCB) transactions as the gap between offer and asking prices widens. However, at least $750 million worth of deals have already been sealed so
    956 words
  • Article
    Lock icon Exchanges seek a cure for Chinese headache
    830 1  -  Accounting scandals in listed firms from China create ripples in US, Korea and Taiwan By LYNETTE KHOO [SINGAPORE] Chinese companies and their accounting scandals are giving regulators worldwide sleepless nights. A full-scale investigation is underway in the United States while several other stock
    830 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,066.85 +61.57 KL COMP 1,564.66 +1.23 NIKKEI 225 9,678.71 +327.31 HANG SENG 22,171.95 +476.69 SET INDEX 1,022.94 +3.98 JAKARTA COMP 3,848.56 +126.26
    157 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Bourses seek cure for China headache
        53 2 CHINESE companies and their accounting scandals are giving sleepless nights to regulators all over the world. A full-scale investigation is underway in the US while several other exchanges are thinking of ways to ensure that the financial accounts of Chinese companies can be counted
        53 words
      • Article
        Lock icon Demand-offer gap slows GCB sales
        44 2 PROPERTY agents have been reporting a slowdown in Good Class Bungalow transactions as the gap between offer and asking prices widens. However, at least $750 million worth of deals have already been sealed so far this year. FRONT PAGE
        44 words
      • Article
        Lock icon No short-term relief for Wall St
        50 2 ON Wall Street, the mood at the end of another trying week sounded a note of resignation at the short-term fate of US stocks, which finished the five-day trading period down for the seventh week out of the past eight. TOP STORIES, PAGE 2
        50 words
      • Article
        Lock icon Cash prizes for three EE 2011 winners
        48 2 THREE young companies have emerged as the top winners in this year’s Emerging Enterprise Awards. Launched in 2008, the awards recognise businesses that are up to 10 years old and have revenue of less than $10 million. TOP STORIES, PAGE 2
        48 words
      • Article
        Lock icon LulzSec hacker group ends rampage
        30 2 LULZ Security hacker group has ended an Internet rampage that included cyberattacks on videogame companies, police and even the CIA’s website. TOP STORIES, PAGE 4
        30 words
      • Article
        Lock icon Big banks to set aside higher reserves
        35 2 GLOBAL banking regulators have agreed on a proposal to slap an extra capital charge on the biggest banks to make them safer by 2019. TOP STORIES, PAGE 4
        35 words
      • Article
        Lock icon Record revenue for investment banks
        46 2 INVESTMENT bankers in Asia have been kept busy in the first half of 2011. High value equity capital markets, debt capital markets as well as inbound mergers and acquisitions pushed core investment banking revenue to US$4.2 billion. COMPANY NEWS, PAGE 6
        46 words
      • Article
        Lock icon Boards still passive in strategy making
        39 2 BOARDS around the world have not improved on the amount of time they spend on strategy development and risk management since the global financial crisis, a McKinsey survey found. COMPANY NEWS, PAGE 11
        39 words
      • Article
        Lock icon S Korea fights to loosen chaebols’ grip
        41 2 A DISPUTE dubbed the “tofu war” has broken out as South Korea’s government wages an uphill battle to loosen the iron grip of the country’s mighty conglomerates over the economy. ECONOMY WATCH, PAGE 15
        41 words
      • Article
        Lock icon China aims to be world’s civil engineer
        34 2 CHINESE companies have been hired to build copper mines in the Congo, high-speed rail lines in Brazil and apartment complexes in Saudi Arabia. GREATER CHINA, PAGE 17
        34 words
      • Article
        Lock icon Euro exit may be inevitable: Soros
        39 2 BILLIONAIRE investor George Soros said that it’s “probably inevitable” that a mechanism will have to be put in place to allow weaker eurozone economies to exit the single currency. WORLD NEWS, PAGE 18
        39 words
    • Article
      Lock icon No short-term relief in sight
      958 2  -  Stocks are down 5.7% this month and economic data is not expected to offer any help to market WALL STREET INSIGHT By STEPHEN RAPHAEL in New York ON Wall Street, the mood at the end of another trying week sounded a note of resignation at
      958 words
    • Article, Illustration
      Lock icon Innovation, originality top winners at EE 2011 awards
      756 2  -  By TAM YU LING [SINGAPORE] After a stern examination, three young companies have emerged as the top winners in this year’s Emerging Enterprise Awards. Launched in 2008, the Emerging Enterprise Awards recognise local businesses that are up to 10 years old and
      ARTHUR LEE  -  756 words
    • Article, Illustration
      Lock icon WINNING KISS
      134 2  -  By ARTHUR LEE [SINGAPORE] He’s no Ordinary Joe. MDS Retail managing director Joe Phua won a prize as well as a smooch. His company was named one of three winners at this year’s Emerging Enterprise Awards, and his fiancee Georgiana Yeo sealed the moment with passion. Standing with
      ARTHUR LEE  -  134 words
    • Article
      Lock icon Big banks may have to set aside higher reserves
      578 4 Regulators propose up to 2.5% charge to make them safer Reuters [BASEL] Global banking regulators have agreed on a proposal to slap an extra capital charge on the world’s biggest banks to make them safer by 2019. The surcharge is part
      Reuters  -  578 words
    • Article
      Lock icon LulzSec hacker group ends Internet rampage
      628 4 Farewell message implies that group that attacked Sony, CIA is disbanding AFP [SAN FRANCISCO] Lulz Security hacker group said last Saturday that it had ended an Internet rampage that included cyberattacks on videogame companies, police and even the CIA’s website. “For the past 50
      AFP  -  628 words
    • Article
      Lock icon Emerging markets should guard against falling into debt trap: BIS
      369 4 AFP [GENEVA] Heavily indebted industrialised nations must take swift action to cut debt in both the public and private sectors so as to prevent a new disaster, the Bank for International Settlements said yesterday. And emerging markets should watch against
      AFP  -  369 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      495 2 RafflesMedical For the third year running, cancer is the number one cause of death, followed by ischaemic heart disease, as shown by Singapore's health statistics. As an old saying goes, "prevention is better than cure", but now, "prevention is better and should be more affordable than cure". Driving towards that
      495 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      78 2 LicNo:*****4414H BINJAI ***** *****sqft. Hilltop, greenery, modern BRIZAY *****sqft. Modern, like new cond GALLOP *****sqft. Wide frontage, pool, park 10 cars GARLICK *****sqft. Wide frontage HOLLAND *****sqft. Hilltop, new, superb views LEEDON ***** *****sqft. Greenery, subdivide/rebuild STUART CHNG6100-8858 OEI TIONG HAM *****sqft. Rebuild potential, privacy SWISS CLUB *****sqft. Good buy,
      78 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      592 3 Future Leaders Program™ Uncompromisingly the Best If you suspect that The Learning Lab sets a high bar for its enrichment programs and high expectations for its students, you are right. Our programs demand a great deal from the curriculum research teams and the specialist coaches who create and deliver the
      592 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      104 4 asia.WSJ.com for flood of cash" focus shifts as central banks act" "Rising Asian wealth leads to a hedge-fund shuffle" "China to launch yuan forex options" Your Business is Our Business. From politics to management, banking to finance, you can count on The Wall Street Journal Asia to give you the
      104 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      630 5 p PRIVILEGE BANKING o U C V- to THERE'S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It's a world where your dreams are celebrated, relationships treasured and legacies preserved. Whatever your privileges may
      630 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Record Asia revenue for investment banks
      743 6  -  Equity and debt capital markets, inbound M&As push H1 tally to US$4.2b By CARINE LEE INVESTMENT bankers in Asia have been kept busy in the first half of 2011. High-value equity capital markets (ECM), debt capital markets (DCM) as well as inbound mergers and
      BLOOMBERG  -  743 words
    • Article
      Lock icon Why HK’s IPO woes won’t be SGX’s gain
      797 6  -  HOCK LOCK SIEW By WONG WEI KONG THE cracks are starting to show in Hong Kong’s once buoyant market for initial public offerings, but that isn’t necessarily good news for rival Singapore. In fact, for the Singapore Exchange (SGX), the battle to
      797 words
    • Article
      Lock icon Boards still passive in strategy making: poll
      617 11  -  Board members have not increased time spent on it since financial crisis By MICHELLE QUAH BOARDS around the world have not improved on the amount of time they spend on strategy development and risk management since the global financial crisis, a McKinsey survey
      617 words
    • Article
      Lock icon KepLand widens green disclosures
      290 11  -  By LYNN KAN KEPPEL Land has included its overseas investment buildings in the property company’s third year of disclosing its sustainability efforts. Its eight investment buildings and hotels in Vietnam, Myanmar and Indonesia altogether consumed about 52 million kilowatt hour (kWh) of energy. This is more
      290 words
    • Article
      Lock icon Keppel to deliver 3rd rig to Rowan on time
      277 11  -  By CONRAD TAN KEPPEL Corp’s shipyard unit Keppel FELS expects to deliver its third state-of-the-art oil rig to major US customer Rowan Companies on time and within budget, it said yesterday. The rig, named Rowan Norway, has already been chartered by
      277 words
    • Article
      Lock icon COMPANY MEETINGS
      340 11 COMPANY MEETING PLACE DATE TIME Advantus Hldgs E NUSS Kent Ridge Guild House, 9 Kent Ridge Drive Singapore *****1 28-Jun 9.30am China Fashion E 7 Temasek Boulevard, The Penthouse, #44-01 Suntec Tower One, Singapore *****7 28-Jun 10.00am Nico Steel A Chancery Room (503), level 5, RELC International Hotel,
      340 words
    • Article
      Lock icon PRIME LENDING RATES
      403 11 Jun 24 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      2787 6 (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 29th Annual General Meeting of SIA Engineering Company Limited (“the Company”) will be held at Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore
      2,787 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      223 7 X_x J S k X 1* w W4 N. X fe. X~"V.'X----'-.''-m t I L ;3 ====> X 4* v NJ W> if*! f? i\~ I J n 1 m N A' l M*s ITJIC 1 m H f —2*« YRTT- i MOST POWERFUL STATEMENTS ARE QUIETLY MADE. THE LEXUS
      223 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article
      Lock icon Asian units complete weekly decline on Greece, Fed report
      463 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies completed a weekly decline as concern that Greece will default and a cut to the growth outlook for the world’s largest economy damped demand for emerging-market assets. The Federal Reserve said last Thursday that the US
      Bloomberg  -  463 words
    • Article
      Lock icon Battling the pricey caffeine buzz
      514 8 COMMODITIES STATISTICS from the International Coffee Organisation (ICO) show that coffee consumption has increased steadily year on year, and the ICO Composite coffee price has risen more than 128 per cent between 2000 and 2010. As international retailers such as Starbucks and local coffee chains
      514 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1684 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.55 2.55 11 15.36 10.35 1.43 1.59 Amtek Engg Ltd 2.00 2.00 4 11.82 8.46 1.45 1.00 ARA Asset Mgt Ltd 2.00 2.00 4
      1,684 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jun 24 VALUE CLOSE BT OB/OS -496.00 +309.0 BT CADI -*****.00 +161.0 BT 10-day MA -*****.00 -50.00 FTSE ST Mid Cap 735.16 +7.53 FTSE ST Small Cap 510.85 +5.78 FTSE ST All Share 749.73 +5.96 FTSE ST China Top 250.32 +4.39 FTSE ST China 287.03 +2.56 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Artivision 329,949,000 Golden Agri 306,270,000 Genting SP 300,670,000 SingTel 136,906,000 HPH Trust US$ 128,818,000 Yangzijiang 120,437,000 Dyna-Mac 114,512,000 NOL 112,208,000 Samko 111,730,000 Gallant 96,495,000 VALUE($) Genting SP 565,933,170 SingTel 420,788,275 UOB 304,018,520 Keppel Corp 276,917,892 OCBC Bk 241,642,780 DBS Grp 234,874,694 CapitaLand 222,643,220 Golden Agri 206,801,660
      55 words
    • Article, Illustration
      Lock icon Greek debt, US economic woes to set direction
      558 8  -  STOCKS R SIVANITHY Senior Correspondent GREECE and the United States may be geographically thousands of kilometres apart but they share one vital common feature an over-reli-ance on borrowing to grease (pun intended) the wheels of their economies. In the case of the
      558 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6209 294.2 4.0 DBXT AUD Bonds 5AU$ ***** 234.1 1.1 JMH 5440 215.1 3.3 DBXT Nifty 10US$ ***** 210.1 1.4 IS DJ US Tech 6356 185.4 2.4 DBXT MSJAP 10US$ 3835 170.6 3.7 Jardine C&C 4026 136.0 3.5 DBXT STGLDv100 10US$ 2994
      118 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4718-181.7 -3.0 DBXT E50 10US$ 4406-118.7 -2.1 DBXT S&P Short 10US$ 4332 -90.2 -1.7 DairyFarm 853 -45.7 -4.2 UOB 5.05%NCPS 100 ***** -44.0 -0.4 DBXT MSTaiwan 10US$ 1921 -42.0 -1.7 SGX.ES.1106 711 -32.0 -4.3 Lyxor MS India 10US$ 1560 -30.9 -1.6 JSH
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 WEEKLY
      5 words
    • Article
      Lock icon Biggest upgrades in analysts’
      150 10 sentiment JUNE 24 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.140 12.0 2,660 China Energy 0.100 5.3 4,500 China Taisan 0.140 3.7 5,600 Sunvic Chemical 0.705 3.7 21,150 Pan-United Corp 0.485 3.2 5,820 Parkway Life Reit 1.820 2.2 9,100 Hi-P 1.000 2.0 13,000 Kingboard Copper Foil
      150 words
    • Article, Illustration
      Lock icon All our portfolios managed to edge up
      455 10  -  TEH HOOI LING Senior Correspondent AFTER a full month of decline, the Singapore market steadied somewhat. On average, our portfolios climbed by 1.5 per cent. That’s a shade lower than the 2 per cent hike by the Straits Times Index. The one-year top
      455 words
    • Article
      Lock icon Highest dividend yields
      171 10 JUNE 24 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Longcheer 0.140 12.0 2,660 Hotung Investment 0.145 11.5 10,295 Transpac Indl 1.880 5.6 5,640 K1 Ventures 0.130 4.0 3,120 Innotek 0.425 3.7 5,950 Courage Marine 0.150 3.4 4,800 GP Industries 0.510 3.0 7,650 Jaya Holdings 0.580 2.7 3,480 UOB-Kay
      171 words
    • Article
      Lock icon Analysts’ top recommendations
      168 10 JUNE 24 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Sky Chemical 0.125 8.7 2,125 Li Heng 0.145 7.4 2,900 Armstrong Industrial 0.320 4.9 12,160 Noble Group 1.950 3.7 21,095 China Essence 0.290 3.6 6,090 Pan-United Corp 0.485 3.2 5,820 Mercator Lines 0.190 2.7 7,220 AIMS AMP I
      168 words
    • Article
      Lock icon Buyers stay active while sellers keep away from market
      1650 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited BUYERS remained active while sellers were absent from the market last week based on filings on the Singapore Exchange from June 20 to 24. A total of 19
      1,650 words
    • Article
      Lock icon One-year top losers
      152 10 JUNE 24 ‘11 BID PRICE WEEK-ON-WEEK CHANGE VALUE Advance SCT 0.030 20.0 2,490 Novo Group 0.350 16.7 23,100 C&G Industrial 0.120 14.3 9,120 Cosco 1.930 11.6 11,580 China Oilfield Tech 0.050 11.1 3,550 Synear Food 0.125 8.7 3,750 Ausgroup 0.355 6.0 13,135 China Energy 0.100 5.3 4,100
      152 words
    • Article
      Lock icon Lowest forward PEs
      160 10 JUNE 24 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Sports 0.070 16.7 2,030 Dapai 0.085 13.3 2,295 Longcheer 0.140 12.0 2,660 Swiber 0.710 9.2 7,100 China Sky 0.125 8.7 2,125 Li Heng 0.145 7.4 2,900 JES International 0.245 6.5 12,740 Ho Bee 1.410 5.2 15,510 China Taisan
      160 words
    • Article
      Lock icon Lowest PTB portfolio
      171 10 JUNE 24 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Anwell Tech 0.330 37.5 5,478 Hotung Investment 0.145 11.5 6,960 China Sky 0.125 8.7 2,125 Tuan Sing 0.345 4.5 17,940 Innotek 0.425 3.7 5,950 Hong Fok 0.530 2.9 9,540 QAF 0.615 2.5 15,375 Singapore Land 7.020 2.5 14,040 Orchard
      171 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      95 8 AsktheDom modifies tXpGrt' In collaboration with our Exchange Partners Phillip Futures Bringing Global Markets Closer to You I www.phillipfutures.com.sg 6538 0500 c Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to
      95 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      138 9 A CUT ABOVE THE REST Built by Jurong Shipyard and newly named by Lady Sponsor Ms Grethe Stange, the West Elara shines as the largest high specification jack-up drilling rig built in Singapore for deployment in the harsh environment of the Norwegian Continental Shelf. a M m, Sm' IMg: i!S':
      138 words
Page thumbnail Page 10
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      617 11 TO ALL PORTEK INTERNATIONAL LIMITED ("PORTEK") SHAREHOLDERS Offer closes 5:30 p.m. (Singapore time) on 20 July 2011 or such later date(s) as may be announced 1 VOLUNTARY CONDITIONAL CASH OFFER by HSBC^ THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, SINGAPORE BRANCH (Registered in the Republic of Singapore) (Registration No.: S16FC0010A)
      617 words
Page thumbnail Page 12
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Helping tier-2 companies make it to the big league
      635 12 Platinum Circle’s Future Global 100 initiative also aims to draft blueprint for future global growth [SINGAPORE] Their economies may not be highly dynamic or even robust these days, but when it comes to the countries with the most Fortune Global 500
      635 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      628 12 Payment Ex Books Pay Ann (cts) date close date date Amara Hldgs an 0.500 13-Jun 15-Jun 27-Jun 14-Apr Australand Prop^ as 10.500 28-Jun 30-Jun 04-Aug 21-Jun B Sembawang ak 4.000 29-Jul 02-Aug 12-Aug 24-May B Sembawang bh 8.000 29-Jul 02-Aug 12-Aug 24-May Boustead ak 2.000 03-Aug 05-Aug 19-Aug
      628 words
    • Article, Illustration
      Lock icon THANK YOU FOR GIVING GENEROUSLY
      94 12 SINGAPORE Telecommunications Ltd (SingTel) last week kicked off the 10th year of its fund-raising programme, SingTel Touching Lives Fund (STLF), with a Flag Day attended by more than 800 employees, their family members and friends. The team, led by group CEO Chua Sock Koong, STLF
      94 words
    • Article, Illustration
      Lock icon Gold, other metals may be losing their lustre
      511 12 Hedge funds fear commodity bull run may be over Reuters [MONACO] The price of gold, copper and other commodities may have peaked, say hedge fund managers meeting in Monaco recently, who are avoiding the sector for fear that last month’s sharp sell-off
      Reuters; AFP  -  511 words
    • Article
      Lock icon Asian operations of Fortis Bank to cease by end-June
      220 12  -  By CONRAD TAN FORTIS Bank SA/NV, the part of Fortis Group that was sold to French bank BNP Paribas during the financial crisis, will cease its Asian operations at the end of the month. That marks the completion of the sale
      220 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      570 12 TIME WATCH INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****2355R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting (“EGM”) of Time Watch Investments Limited (the “Company”) will be held at 17 Carpenter Street #02-01 Singapore *****6 on 12 July 2011
      570 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      23 12 JACKPOT X TODAY Sales close at 6pm Draw at 6.30pm at PoKlo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
      23 words
Page thumbnail Page 13
  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Getting to know the ABCs of ETFs
      855 13  -  While exchange traded funds offer benefits such as diversification and flexibility, investors should also be aware of their risks, writes MINDY TAN writes MINDY TAN IT trades like a stock, but it looks like a mutual fund. Exchange traded fund, or ETF for
      LUDWIG ILIO  -  855 words
    • Article, Illustration
      Lock icon Gamer-turned-successful investor
      991 13  -  NUS undergrad Scott Lee tells ENYA LIM about how he saved every dollar to pursue his interest in business STARTING YOUNG ENYA LIM CREDIT cards may be one of the five Cs that many young Singaporeans aspire towards, but not Scott Lee Dong Yi. The economics major, who
      YEN MENG JIIN  -  991 words
    • Article
      Lock icon Get basic insurance coverage first
      359 13 ASK DR INVEST Q: I just started on my first job and a few financial planners have approached me to consider getting an insurance plan. There seem to be various strategies and advice in the market. Do you think I should go for term insurance
      359 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      319 13 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock-market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple iPod
      319 words
Page thumbnail Page 14
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Towards greater transparency
      1484 14 THIS WEEK’S TOPIC: Do the Corporate Governance Council’s recommended changes to Singapore’s Code of Corporate Governance address the major issues? What changes in particular would you support, and are there any other changes you would like to see added? Alvin Yeo Senior Counsel Senior Partner WongPartnership LLP
      1,484 words
Page thumbnail Page 15
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Tech advances can boost jobs in US: Obama
      469 15 AP [WASHINGTON] President Barack Obama says technological innovations such as robots can help pump jobs into the economy and spur growth in clean energy and advanced manufacturing. In his radio and Internet address last Saturday, the president echoed a plan he unveiled
      AP  -  469 words
    • Article
      Lock icon Russia bets big on World Cup economic revival
      358 15 AFP [MOSCOW] Russia is making a mul-ti-billion-dollar bet on the 2018 World Cup bringing wealth and promise to remote regions that have seen little progress since Soviet times. Success could spark a social and economic revolution in which growth seeps to cities
      AFP  -  358 words
    • Article
      Lock icon Seoul in uphill battle to loosen chaebols’ grip
      565 15 State body reviews 230 manufacturing businesses that may be saved for SMEs AFP [SEOUL] A dispute dubbed the “tofu war” has broken out as South Korea’s government wages an uphill battle to loosen the iron grip of the country’s mighty conglomerates over
      AFP  -  565 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      32 15 2010EDITION A collection from The Business Times The diverseexperiences ofsome of the mostinfluential thinkers,corporate chiefs andsocial activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores
      32 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      145 15 Gain advantage through Behavioral Finance Attend this full-day workshop to gain valuable insights related to investor behavior and psychology, market cycles, and learn how to apply and implement behavioral investment strategies. Learn behavioral portraits of investors Develop clarity in investor behavior Acquire key knowledge in this field Speaker: Dr. Michael
      145 words
Page thumbnail Page 16
  • MALAYSIA
    • Article, Illustration
      Lock icon Losers and gainers in RHB Cap saga
      737 16  -  Maybank, CIMB may revisit takeover when the time is ripe MALAYSIA INSIGHT PAULINE NG KL Correspondent RHB Capital was the biggest loser last week, its share price plunging by nearly a 10th, after its prospective suitors called off separate courtships because they perceived
      737 words
    • Article
      Lock icon BURSA MALAYSIA
      1871 16 VOL Jun 24 RM +/-(‘000) A M Realty 0.45 -0.02 60 Abric Bhd 0.33 0.03 61 Advance Synerg 0.22 0.02 7441 Adventa Bhd 2.06 -0.01 48 Ae Multi Hldgs 0.28 0.01 28 Affin Holdings 3.32 unch 166 Ahmad Zaki Res 0.80 unch 107 Aic Corp 1.20 0.01 443
      1,871 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1237 16 MATS BUY IT SELL IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHUAN HUP HOLDINGS LIMITED (Company Registration No. *****0572R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Chuan Hup Holdings Limited (the “Company”) will be
      1,237 words
Page thumbnail Page 17
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China aiming to be world’s civil engineer
      542 17 With govt’s financial power behind them, Chinese companies are winning projects NYT [SHANGHAI] China, in its continual move up the global economic value chain from cheap toys to Apple iPads to commercial jetliners now aims to be the world’s civil engineer. On the
      NYT; XINHUA  -  542 words
    • Article, Illustration
      Lock icon Indian ‘holy hair’ feeding Western fashion
      591 17 AFP [CHENNAI] Strong religious belief and spirituality coupled with sky-rocketing demand from fashion-conscious Western women has made India the world leader in the hair extension trade. The South Asian country has long been the world’s biggest exporter of human hair, and companies involved in
      AFP  -  591 words
    • Article
      Lock icon Ambani brothers lose their shine with investors
      572 17 AFP [MUMBAI] India’s billionaire Ambani brothers are struggling to rediscover their Midas touch after a year in which they have been battered by investigations and investor scepticism about their businesses. Mukesh and Anil Ambani took over their father Dhirubhai Ambani’s conglomerate after his
      AFP  -  572 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      109 17 Chinese firms' interest in listing here dwindles amid uncertainties Tosubscribe,call6388-3838orgotosphsubscription.com.sg LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Hotel Royal Limited *****64/65 Tan Chin Yan 2,000 Properties Pte Ltd *****89 do 1,333 NOTICE
      109 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      975 17 INDIABULLS PROPERTIES INVESTMENTTRUST (Registration Number: *****01) (a business trust constituted on 7 May 2008 under the laws of the Republic of Singapore) MANAGED BY INDIABULLS PROPERTY MANAGEMENTTRUSTEE PTE. LTD. (Company Registration Number: *****0456G) (asTrustee-Manager of Indiabulls Properties InvestmentTrust) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that theThird Annual
      975 words
Page thumbnail Page 18
  • WORLD
    • Article, Illustration
      Lock icon Euro exit may be inevitable: Soros
      698 18 Weaker eurozone economies may have to leave currency union amid crisis Bloomberg [VIENNA] Billionaire investor George Soros said that it’s “probably inevitable” that a mechanism will have to be put in place to allow weaker eurozone economies to exit the single currency. “We are
      Bloomberg; BLOOMBERG FILE PHOTO  -  698 words
    • Article
      Lock icon Fuel economy rules may hit automakers
      398 18 Bloomberg [WASHINGTON] Automakers including Ford Motor Co and Toyota Motor Corp that sell vehicles in the United States may have to boost car and light truck fuel economy to an average of 56.2 miles per gallon (mpg) by 2025 under a White House proposal
      Bloomberg  -  398 words
    • Article, Illustration
      Lock icon Vettel shrugs off doubts to coast to sixth win of F1 season
      477 18 AFP [VALENCIA] Defending Formula One champion Sebastian Vettel won the European Grand Prix here yesterday to extend his lead in the overall standings with his sixth win in eight races. The 23-year-old German dispelled any thoughts that his
      AFP  -  477 words
    • Article
      Lock icon 2.6m Thais cast advance ballots ahead of GE
      518 18  -  These early votes will not be tallied until July 3 By LEE U-WEN MORE than two million Thais cast their votes over seven hours at 557 polling stations across the country yesterday, exactly a week ahead of this Sunday’s general election. Of
      518 words
    • Article
      Lock icon Wen pledges continued support for Europe
      629 19 The premier says that China is a ‘long term investor’ in the region’s sovereign debt market Bloomberg [BUDAPEST] Chinese Premier Wen Jiabao has pledged support for Europe as the region copes with a sovereign debt crisis, saying that China will remain an investor in
      Bloomberg  -  629 words
    • Article
      Lock icon No leeway for German tax cuts: minister
      253 19 Reuters [FRANKFURT] German Finance Minister Wolfgang Schaeuble has warned coalition colleagues that the government cannot afford to lower taxes, telling a German newspaper that cuts of up to 10 billion euros (S$17.6 billion) were unrealistic. “I’m somewhat unhappy about the public debate, which
      Reuters  -  253 words
    • Article, Illustration
      Lock icon Authentic Billy the Kid image sold for US$2.3m
      389 19 AP [DENVER] What is believed to be the only surviving, authenticated portrait of Billy the Kid went up for auction in Denver last Saturday and sold for US$2.3 million. The tintype went to private collector William Koch at Brian Lebel’s 22nd Annual
      AP; PHOTOS: REUTERS  -  389 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      622 18 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg cut COMBING WILL COMBINE WILL INTERNATIONAL HOLDINGS LIMITED (Incorporated in the Cayman Islands on 8 October 2007) Company Registration Number: MC-*****3 (the "Company") DECLARATION OF SPECIAL DIVIDEND NOTICE OF BOOKS CLOSURE AND DIVIDEND PAYMENT DATE The Board of Directors of the Company refers
      622 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      322 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DENALI SOFTWARE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5021W Extract of the Minutes of an Extraordinary General Meeting of DENALI SOFTWARE PTE LTD signed by the Representative of the Holding Company pursuant to
      322 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 3
      199 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PINNAKELL ASSET MANAGEMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No: *****8200W) NOTICE IS HEREBY GIVEN that the Final General Meeting of the abovenamed Company will be held at 9 Temasek Boulevard, #39-00 Suntec Tower
      199 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      295 19 ("hilq 5 dN A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund p i < TlS ft Budding Artists Fund STRAITS TIMES. Extend your love through Friendship and Hope, our theme for ChildAid 2011 an annual charity concert in aid of
      295 words
Page thumbnail Page 20
  • AVIATION/SHIPPING
    • Article
      Lock icon China, Vietnam agree to resolve maritime dispute
      392 20 Reuters [BEIJING] China and Vietnam pledged yesterday to resolve their maritime dispute through peaceful negotiations, a sign of easing tension over rival claims in the South China Sea which is believed to be rich in oil and gas. Relations between the old rivals
      Reuters  -  392 words
    • Article
      Lock icon B747-8 neck-and-neck with Dreamliner for delivery
      568 20 Bloomberg [PARIS] Boeing Co’s 747-8 has been slowed enough by a complex new flight-man-agement computer system that the jumbo jet is vying for first delivery with the 787 Dreamliner, which has not progressed as far in airborne tests. The 747-8, the newest version of
      Bloomberg  -  568 words
    • Article, Illustration
      Lock icon EU stands firm on pollution tax on airlines
      476 20 It refuses to budge in face of reports China is holding back Airbus orders AFP [BRUSSELS] The EU refused on Saturday to back down on a planned pollution tax on airline companies after reports China has put an Airbus order on ice
      AFP; REUTERS  -  476 words
    • Article
      Lock icon Ore ship rents rise on busiest trade route
      252 20 Bloomberg [LONDON] A surge in hiring of vessels to haul iron ore has lifted transportation costs for the steelmaking ingredient to a six-month high on the commodity-shipping market’s busiest trade route. Charter costs for ships to carry iron ore to the port
      Bloomberg  -  252 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3265 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1245 --EY473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835 1525 Athens SQ398 0105
      3,265 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      349 20 CRYPTIC CROSSWORD Across 1 Captain finally catches fish (7) 5 Rustic worker’s after vegetables (7) 9 Nuisance for the French, getting caught by leaders of British Marines (7) 10 Eccentric former lover, male, hiding in box, for example? (7) 11 Sixteen reforms before Church of England’s survival (9) 12 Maybe
      349 words
Page thumbnail Page 21
  • DINING OUT
    • Article, Illustration
      Lock icon The return of Chikuyotei
      755 21  -  NEW RESTAURANT Chikuyotei 80 Middle Road, Lobby Level Intercontinental Singapore Tel: 6825-1064 By Geoffrey Eu THE economic aftershocks from a catastrophic earthquake and tsunami in Japan, coupled with the crippling effects of an ongoing radiation scare, are still being felt in Japanese restaurants throughout the world.
      PHOTOS BY JOHN HENG  -  755 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      223 21 Heartbeat Of The Indian Community 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. bammam a -scowam ■cr THE HE" gsr sstf" t Presidential conversation f _m fir**- I For more details, call 9171
      223 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      80 21 herworld.com Over $6,000 worth of prizes including luxury holiday at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate!) hi "WO JUN 20 JUN 26 We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart ModeTres Bleu diamond pendant worth $838 and $1,500
      80 words
Page thumbnail Page 22
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8764 22 Week ended: Jun 24 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 15.5 unch 50 15.5 15.5 14.5 15.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 1069 7.5
      8,764 words
    • Article
      Lock icon SGX CATALIST
      1653 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.5 4.5 19 3.9 202 142 t APStrategic 159 -2 28 159 142 152 159 94.4 1.5 0.5
      1,653 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 23 Stock name Close Change CapMallsAsia 1.460 +0.040 CapitaLand 2.920 +0.100 CapitaMall 1.900 CityDev 10.600 +0.280 ComfortDelGro 1.420 +0.020 DBS Grp 14.400 +0.040 F&N 5.690 +0.070 GLP 1.970 +0.020 Genting SP 1.920 +0.030 Golden Agri 0.680 +0.005 Stock name Close Change HK Land 7.100 +0.030 JMH 54.400
      114 words
    • Article
      Lock icon STOCKS ASIA
      2611 23 Transaction date: Jun 24 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.00 unch 0 Aeon Stores 16.50 0.20 2 Angang Steel 8.30 0.46 ***** Anhui Conch 35.85 1.10 ***** Anhuiexpresswa 6.30 0.16 1676 Asia Satellite 17.52 unch 0 Asm Pacific 106.80 2.90 831 Bank Of E Asia 32.40
      2,611 words
    • Article
      Lock icon GLOBALQUOTE
      245 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 42 48.5 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US36.5 +2 ***** 36.5 34 36 36.5 2403.3 21 12 Over&Gen A15
      245 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 23 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 3 0 0 0 11 4 3 Manufacturing 106 41 62 8 7 18 114 48 80 Commerce 47 14 17 6 5 6 53 19 23 Tpt/Stor/Comms 29 14 4
      186 words
    • Article
      Lock icon SGX ETF
      949 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 -1 6 117 117 113.5 117 534.1 1077 832 CIMBAsean40 100US$ US1033 +10 36 1040 1015 1036 1043 41.3
      949 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 23 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 190,033 190,033 424,227 424,227 Manufacturing 1,043,085 78,119 1,121,204 872,429 2,160 874,589 Commerce 325,478 26,443 351,921 602,433 3,522 605,955 Tpt/Stor/Comms 655,691 52,509 708,200 1,168,612 5,200 1,173,812 Finance 98,036 3 98,039 898,545 898,545 Construction 92,820 11,494 104,314
      122 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words
Page thumbnail Page 24
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Jun 24 Index Change Change Change Change Change Change World Index Preliminary 881.2 -0.3 -1.8 -0.4 -3.5 -0.3 -0.1 EAFE Preliminary 760.8 0.2 -5.0 0.2 -4.8 0.3 -1.5 Europe Preliminary 1122.5 -0.1
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jun 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.28 -5.33 WTI (Near Mth) 91.44 -3.14 Dubai (1-Mth F) 105.48 0.54 Tapis blend 116.88 0.14 Minas 113.38 0.34 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.33 0.33 Jet Kerosene 124.15 0.55 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SICOM FUTURES
      171 24 Jun 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 465.0 465.0 465.0 9 106 Aug 11 465.0 464.0 465.0 12 150 Sep 11 466.0 457.0 463.0 42 429 Oct 11 466.0 465.0 466.0 28 369 Nov
      171 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Jun 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1320.25 1317.75 1328.75 1311.50 Aug 11 1315.00 1316.00 1327.75 1309.75 Sep 11 1310.75 1314.25 1326.50 1308.50 Nov 11 1309.25 1317.25 1330.75 1305.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.22
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 24 Jun 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 22.09.2011 0.32 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.11 102.16 102.16 5-Year N*****0W 1.125 01.04.2016 100.62 10-Year NX*****X
      79 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      469 24 Jun 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6100 0 6838 Dec11 99.5400 0 3513 Mar12 99.4950 0 1178 Jun12 99.4200 0 1306 EUROYEN TIBOR FUTURES Sep11 99.6675 0 1235 Dec11 99.6650 250 1392 Mar12 99.6550 50 1823 Jun12 99.6500 99.6500 99.6500 99.6475 0
      469 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jun 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.268 Can dollar 1.285 1.236 Euro 1.794 1.725 Sterling pound 2.014 1.937 NZ dollar 1.033 0.984 US dollar 1.252 1.204 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 24 Jun 24 Open High Sett STI Jun 3062 3062 3067 SIMSCI Jun 351.0 355.4 354.4 Taiwan Jun 300.7 301.5 299.7 Source: MF Global (S) Pte Ltd
      29 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2745 24 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 9 6.77 35 ASJ Hldgs W*****1 1.5 1 4 38 2.67 8 AlliedTech W*****2 1.5 -0.5 67 1 4 29 Asia Water Tech Ltd W*****8
      2,745 words
    • Article
      Lock icon INTERBANK RATES
      177 24 Jun 24 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12
      177 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 Jun 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.816 0.740 8.202 47.384 90.599 0.848 11.358 3.204 1.295 90.378 45.707 1.302 7.251 0.882 30.483 32.300 0.660 1.053 Canada 0.969 6.603
      462 words
    • Article
      Lock icon SIBOR
      85 24 Jun 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      138 24 Jun 24 GOLD (US$/oz) Jun 23 Jun 24 Hong Kong 1546.60 1522.00 Jun 24 Jun 23 London 1506.82 1518.97 1507.60 1519.69 Source: Thomson Reuters CAST BAR Jun 24 (S$) Selling Buying Kilobar 64,974.68 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 61 5gm 413 303 10gm 738
      138 words
    • Article
      Lock icon LONDON METALS
      70 24 Jun 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2470.00 2478.75 3 months 2500.00 2509.00 Copper, Grade A (US$/tonne) Cash 9036.00 8955.75 3 months 9045.00 8960.00 Lead (US$/tonne) Cash 2567.00 2536.00 3 months 2580.00 2549.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      70 words
    • Article
      Lock icon PALM OIL
      67 24 Jun 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3151 3131 3160 3117 1195 3624 Aug 11 3150 3116 3153 3111 4887 ***** Sep 11 3139 3117 3146 3103 ***** ***** Oct 11 3139 3109
      67 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3007 1.3025 1.0523 1.0533 Canadian dollar 1.2606 1.2612 1.0198 1.0199 Euro 1.7592 1.7602 1.4232 1.4234 NZ dollar 1.0049 1.0060 0.8130 0.8135 Sterling pound 1.9723 1.9737 1.5956 1.5961
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jun 24 S$ Bid Offer 1-month 1.2361 1.2366 2-months 1.2360 1.2365 3-months 1.2359 1.2365 6-months 1.2354 1.2359 Source: OCBC
      22 words
    • Article
      Lock icon LIFFE
      82 24 Jun 24 COCOA (£/tonne) Close Prev High/Low Jul 11 1869 1879 1908/1867 Sep 11 1881 1894 1920/1880 Dec 11 1904 1917 1941/1903 Mar 12 1918 1933 1959/1919 COFFEE (US$/tonne) Close Prev High/Low Jul 11 2282 2178 2299/2197 Sep 11 2319 2216 2337/2232 Nov 11 2337 2240 2353/2255 Jan 12
      82 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      75 24 SMX MARKET UPDATE As on 24 June 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1524.2 1507.5 1501.2 1520.7 Silver Cash Jul-11 34.9 34.82 34.655 35.01 CURRENCY Euro-US Dollar Sep-11 1.427 1.4128 1.4133 1.4106 Aust-US Dollar Sep-11 1.0478 1.0394 1.0399 1.035 BASE METALS Copper
      75 words
Page thumbnail Page 25
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5479 25 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
    5,479 words
  • Page 25 Advertisements
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Exhibitors strut their stuff at CommunicAsia
      706 27  -  A*Star, NCS and ST Electronics are among those present at the show Reports by VICTORIA HO [SINGAPORE] Imagine a future where cars can communicate with one another, providing traffic information and preventing accidents from happening. Or ubiquitous wireless charging for your electric vehicles at
      706 words
    • Article
      Lock icon Accolade for Nucleus Connect official
      164 27 [SINGAPORE] Chong Siew Loong, 39, Nucleus Connect VP of Network and Systems, has been named one of the top 40 executives under 40 years old in the telecoms industry globally. He was nominated by readers of UK trade magazine Global Telecoms Business (GTB) who are
      164 words
    • Article
      Lock icon SMBs should embrace the cloud
      926 27  -  The service presents a paradigm shift in the level of opportunities for smaller companies <you say> By JOHN ENG The author is VP Marketing and Alliances, Parallels Asia Pacific CLOUD computing is the latest computing trend taking the IT industry by storm. According to MarketsandMarkets,
      926 words
    • Article
      Lock icon 56,000 attendees at imbX trade show this year
      207 27 [SINGAPORE] Around 56,000 visitors and delegates went to the Infocomm Media Business Exchange (imbX) event, held at the Marina Bay Sands and Suntec City last week. The annual technology trade show is organised by Singapore Exhibition Services (SES) and houses CommunicAsia and
      207 words
    • Article
      Lock icon Google to pull plug on Health, PowerMeter services
      398 27 Move comes about 3 months into Larry Page’s term as CEO Reuters [SAN FRANCISCO] Google Inc, known for ambitious efforts developing technology outside its main Internet search business, is shuttering two projects that struggled to find a following. Google Health and Google
      Reuters  -  398 words
    • Article, Illustration
      Lock icon Cloud computing environment ‘secure’
      925 28  -  Expert in the field identifies key factors that potentially make cloud more secure than normal enterprise network, reports AMIT ROY CHOUDHURY SECURITY in a cloud computing environment may not be as serious a problem as it is made out to be, according a top cloud computing
      925 words
    • Article
      Lock icon Asia to have cloud readiness index soon
      668 28  -  By AMIT ROY CHOUDHURY [SINGAPORE] In a bid to give a fillip to cloud computing in Asia, the Asia Cloud Computing Association will soon launch a cloud readiness index in the region. The index will help track Asia’s progress towards a complete spectrum
      668 words
    • Article
      Lock icon Motricity expands S’pore presence to target Asia-Pacific carriers
      426 28  -  By VICTORIA HO [SINGAPORE] Think mobile ads are annoying? One mobile content provider, however, thinks operators in Asia can do more with their mobile advertising efforts, and wants to recruit more onto its advertising platform. Motricity provides mobile operators with content and
      426 words
    • Article, Illustration
      Lock icon Tablet war heats up as Asia challenges iconic iPad
      706 28 Battle is fought on features and price, say analysts AFP [SINGAPORE] A tablet war is heating up in Asia as companies from China, South Korea and Taiwan challenge the dominance of Apple’s iPad on features and price, analysts said. Asia is
      AFP; BLOOMBERG  -  706 words
Page thumbnail Page 28