The Business Times, 29 June 2011

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Microfilm: NL31534
Total Pages: 73
1 40 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S$\ A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, June 29,2011
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  • Article
    Lock icon Khaw goes for personal touch for grip on market
    568 1  -  By UMA SHANKARI [SINGAPORE] National Development Minister Khaw Boon Wan has been meeting developers and other stakeholders sometimes even one-on-one to get their take on the property market since he took over the housing portfolio in late May, sources say. With
    568 words
  • Article, Illustration
    Lock icon Singapore sets banking bar higher than Basel III
    760 1  -  Banks here to hold more capital than global norm; and rules will kick in earlier from Jan 1, 2013 By EMILYN YAP, CONRAD TAN [SINGAPORE] Singapore-in-corporated banks will soon have to hold more capital exceeding the amount needed under new Basel III
    CHEW SENG KIM/THE STRAITS TIMES  -  760 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 GST INDEX 3,050.79 (+2.51) G ST INDEX FUTURES 3,051 (+3) G SIMSCI 352.52 (+0.37) H SIMSCI FUTURES 351.80 (-0.10) FOREX US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.598 1.984 EURO (US$/S$/E) 1.432 1.777 Foreign currency per US$ S$ YEN 80.80 65.10 RM 3.045 2.453 HK$ 7.786
    144 words
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      43 1 EXECUTIVE MONEY Favourable risk-reward for Indian equities PAGE 33 PICKING WINNERS Which investment themes are most likely to have legs in the short to medium term? Read about the experts’ top picks in the latest edition of Wealth, with The Business Times today.
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      15 1 HOCK LOCK SIEW Hope for the best, prepare for the worst PAGE 6 *****1 *****4
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      53 1 TRANSPORT HUB McLaren opens first dealership in London PAGE 25 IMF Lagarde poised to be named head PAGE 20 m ss I o vS? wv w G F 0 w> <8 ?,»< EF > r' v Depuis 1775 www.breguet.com BREGUET BOUTIQUE B1 -119 THE SHOPPES AT MARINA BAY SANDS 2
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      589 2 Singapore sets banking bar higher than Basel III SINGAPORE-incorporated banks will soon have to hold more capital exceeding that needed under Basel III rules and the changes will start kicking in from 2013 ahead of the global timeline. The stricter conditions were not unexpected even under the Basel
      589 words
    • Article
      Lock icon S’pore-KL Marina South project starts next June
      483 2  -  Construction of the mixed development slated for mid-2016 completion By LEE U-WEN [SINGAPORE] Work on the new mixed-use development that will sit on four prime plots of Marina South land will begin in June next year, with construction likely to be completed by
      483 words
    • Article, Illustration
      Lock icon New look for air alliances Down Under
      525 2  -  By VEN SREENIVASAN [SINGAPORE] Changing alliances seems to be the name of the game in Australia as Virgin Australia seeks to dump Malaysia Airlines (MAS) in favour of Singapore Airlines, while the Malaysian carrier cozies up to Qantas and other OneWorld alliance partners.
      BLOOMBERG  -  525 words
    • Article
      Lock icon Home price decline eases in April
      412 2 LATEST US DATA Reuters [NEW YORK] The pace of decline in US home prices moderated in April, while consumers this month turned more gloomy amid jitters about the labour market and economic outlook, data showed yesterday. The housing data suggested the start of the
      Reuters  -  412 words
    • Article
      Lock icon GIC appoints 2 acting chairmen; no rush to name exec director
      214 2  -  By CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corp (GIC) made two senior interim appointments yesterday but said it won’t rush to fill the executive director position vacated by Tony Tan, who has resigned to run for president.
      214 words
    • Article
      Lock icon Resale prices of private homes accelerate in Q2
      566 4  -  Analysts attribute hike to higher prices being quoted by sellers By UMA SHANKARI [SINGAPORE] Resale prices of private homes rose at a faster rate across all segments in the second quarter of 2011 compared to Q1, as sellers raised asking prices after
      566 words
    • Article, Illustration
      Lock icon Top bankers call for caution in sector
      484 4  -  Reports by CONRAD TAN [SINGAPORE] Debt troubles in Europe, a weak recovery in the US economy and inflation worries in Asia are posing unprecedented risks to banks, two of Singapore’s top bankers warned yesterday. But while they stressed the need for caution, they
      CHEW SENG KIM/THE STRAITS TIMES  -  484 words
    • Article
      Lock icon Benefits of retail banking from local unit highlighted
      349 4 [SINGAPORE] The Monetary Authority of Singapore (MAS) won’t force foreign banks operating here to set up local subsidiaries or separate their retail banking operations from wholesale banking, Trade and Industry Minister Lim Hng Kiang said yesterday. But he added that there were
      349 words
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      395 2 FIFTH Annual Risk Management Conference Global Imbalances and theii\Risl< Management Implications 7-8 July 2011 Grand Hyatt, Singapore fKEYNOT^ADDRESS: "What's Next for the US Economy" KEYNOTE SPEAKER: 1 Future of Credit Risk Management (Jointly organized with IACPM) SESSION I: Stress Testing and Capital Adequacy I Professor Martin Feldstein George F. Baker
      395 words
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      181 4 Chevrolet, com. sg DYNAM C T r ff -m T m »stfc L_ 1' *4 S Ill 5 I LU i 11' it. *wrw **;V rr-a 3& am >u H -5 a $129,999 i.... V. i r CAPTIVA V 1 CURANTEED COE WHILST STOCK LAST 4 ■lll/l 111 The new
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      187 5 *M6 MB* *> P v. •W A A V i «s»3 ii^MP ;.V.-*■: ••■'■■IA©.: I HFPW S5#^ PICKING THE RIGHT TEAM. WEALTH. WHAT'S IT TO YOU? We believe it's the skill and spirit of entrepreneurs that drives economic success and improved prosperity. That's why we are delighted to support the
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  • COMPANY NEWS
    • Article
      Lock icon SingTel seeks to invest in multimedia, ICT services
      627 6  -  Telco also focuses on working with associates to boost their performance Reports by LYNETTE KHOO SINGAPORE Telecommunications (SingTel) is eyeing acquisitions in the multimedia and the information and communication technology (ICT) space, seen as the future growth driver. Chua Sock Koong, group
      627 words
    • Article
      Lock icon SingTel pays out 76% of profits in past 10 yrs
      316 6 SINGAPORE Telecommunications (SingTel) has paid out 76 per cent of earnings or $26 billion to shareholders over the past decade, the group said in its sustainability report. The ordinary dividends for the financial year ended March 31 a record level
      316 words
    • Article
      Lock icon Hope for the best, prepare for the worst
      714 6  -  HOCK LOCK SIEW By R SIVANITHY POOR volume, weak prices and no real interest from the investing public stockmarket players would by now be familiar with these features that have haunted markets for about three months now. Optimists claim this to be
      714 words
    • Article
      Lock icon Exit offer tussle seen for delisted General Magnetics
      820 10  -  Issue likely to add to discussions on welfare of minority shareholders AGM CONTROVERSY By FELDA CHAY A BATTLE looks set to be waged at delisted firm General Magnetics’ annual general meeting today, with minority shareholders likely to jump on the firm and
      820 words
    • Article, Illustration
      Lock icon CityDev’s M&C Hotels names new CEO
      231 10  -  By ENYA LIM MILLENNIUM Copthorne Hotels plc, a subsidiary of City Developments, has appointed Wong Hong Ren as its chief executive officer with immediate effect. Mr Wong succeeds Richard Hartman, who will remain a non-executive director on the group board. The 59-year-old Mr Wong
      231 words
    • Article
      Lock icon New insurance policy to protect directors of firms
      527 11  -  For SID members, it’ll be portable, taken out in the name of the individual director By MICHELLE QUAH THE Singapore Institute of Directors (SID) and Aon Singapore yesterday unveiled a portable and individual insurance protection for directors and officers (D&O) of a
      527 words
    • Article
      Lock icon ST Electronics wins $58m contracts
      301 11  -  By CARINE LEE ST Engineering’s electronics arm, ST Electronics, has secured contracts worth $58 million for intelligent transportation systems and in-fo-security projects. Intelligent transportation systems projects account for $30 million. In Thailand, ST Electronics will implement an automatic fare collection system (AFCS) for the Silom
      301 words
    • Article, Illustration
      Lock icon DMX launches new mobile solution cloud platform
      363 11  -  By TEO SI JIA CAPITALISING on the growing smartphone usage by individuals and enterprises in China, Singapore-listed DMX Technologies Group has unveiled a new mobile solution cloud platform called D-Smart. To be launched through Beijing DMX Xingnet Information Technology, a wholly owned subsidiary,
      363 words
    • COMPANY BRIEFS
      • Article
        Lock icon Malacca Trust eyeing Catalist listing
        34 11 INDONESIA-BASED Malacca Trust is eyeing a Catalist listing. The company, whose financial services include consumer financing for pre-owned vehicles and asset management services, yesterday lodged its preliminary offer document.
        34 words
      • Article
        Lock icon Serial System applies for TDR listing
        89 11 SERIAL System, an electronic component distributor, yesterday submitted its application to the Taiwan Stock Exchange for the listing of Taiwan Depository Receipts (TDRs). Serial said it intends to use the cash raised from the TDRs to fund its expansion plans and strengthen its capital
        89 words
      • Article
        Lock icon Asiamedic warns of half-year loss
        67 11 ASIAMEDIC issued a profit guidance yesterday, warning of a loss in the half year ending on June 30, 2011. The group cited the weaker US dollar and the changing local healthcare landscape which affected its local imaging and wellness businesses as reasons for a lower-than-expected
        67 words
      • Article
        Lock icon Hiap Seng Engg wins $19m deal
        60 11 HIAP Seng Engineering has been awarded a contract worth about $19 million from Shell Eastern Petroleum (Pte) Ltd for the provision of structural steel erection, piping and painting works. The Singapore-based project is scheduled to start in the current financial year ending March 31,
        60 words
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      199 6 A STAR ALLIANCE MEMBER I FLY«8 Travel the world with THAI and MasterCard® Exclusive all-in MasterCard fares from Tokyo Oslo Milan Copenhagen Stockholm Moscow Athens Johannesburg Los Angeles Business Class $838 $1,548 $1,578 $1,668 $1,748 $2,148 $2,178 $2,178 $2,178 $4,118 $4,128 $4,128 $4,128 $4,128 $4,168 $4,158 $4,468 Fly THAI and
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      154 7 www.vw. com. sg Ll La 7 .w FJ /K WTJ There's no soft option r 9S£ _v i sk; Ifc&i £2 sv. vr*+*. +r?-. SifiXS fcs 2 ZK W New Eos. With its CSC roof the new Eos is the only cabriolet in the world with the option of three
      154 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Greece hopes help stabilise stocks
      571 8  -  Prices continue to drift amid poor volume; ST Index adds 2.5 points STOCKS R SIVANITHY Senior Correspondent THERE was little to distinguish yesterday’s session in the local stock market from the dozens which preceded it prices drifted in poor volume and everyone kept an eye
      Source: Bloomberg  -  571 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jun 28 VALUE CLOSE BT OB/OS -209.00 +149.0 BT CADI -*****.00 +117.0 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 735.10 +1.27 FTSE ST Small Cap 514.48 +4.89 FTSE ST All Share 746.99 +1.13 FTSE ST China Top 249.51 +0.34 FTSE ST China 287.20 +0.42 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME PSL Hldgs 70,912,000 Genting SP 64,694,000 JEP 32,117,000 SingTel 28,297,000 Dyna-Mac 26,452,000 Yangzijiang 26,032,000 STXOSV 24,728,000 Gallant 21,356,000 Artivision 21,309,000 Golden Agri 20,093,000 VALUE($) Genting SP 123,384,110 SingTel 86,943,770 UOB 57,462,135 GLD 10US$ 50,077,633 HK Land 45,640,130 DBS Grp 42,516,998 Yangzijiang 37,977,900 STXOSV 33,899,610 CapitaLand 30,699,190
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 6 0 0 0 6 4 6 Manufacturing 42 35 71 3 1 11 45 36 82 Commerce 19 16 23 3 0 4 22 16 27 Tpt/Stor/Comms 20 7 15
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,827 31,827 48,499 48,499 Manufacturing 197,841 42,192 240,033 154,814 1,543 156,357 Commerce 47,936 1,369 49,305 69,259 683 69,943 Tpt/Stor/Comms 157,081 10,105 167,186 241,488 1,381 242,869 Finance 11,835 11,835 129,260 129,260 Construction 91,842 4,287 96,129 30,746
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.460 +0.020 CapitaLand 2.840 -0.040 CapitaMall 1.900 +0.010 CityDev 10.240 -0.220 ComfortDelGro 1.400 -0.010 DBS Grp 14.300 +0.020 F&N 5.600 -0.010 GLP 2.010 +0.030 Genting SP 1.910 +0.010 Golden Agri 0.675 HK Land 7.060 +0.010 JMH 53.800 -0.300 JSH 29.900 +0.080
      111 words
    • Article, Illustration
      Lock icon Euro slips before Greek vote; £ slides
      490 8 Euro slips before Greek vote; slides CURRENCIES Reuters [LONDON] The euro slipped yesterday, relinquishing early gains as investors worried about how Greece will repay its debts even if it passes austerity measures this week. The common currency slipped 0.2 per cent to US$1.4260, unable to maintain an early rally to
      Reuters; BLOOMBERG  -  490 words
    • Article, Illustration
      Lock icon QUICKCHART
      420 8  -  by Kim Eng F Research More downside looms Last RSI The stock is languishing in a bearish territory and appears poised for more downside. The weak momentum has kept prices below the key moving averages, though there may be support at around $1.87. A breach below this level would
      420 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 697.2 3.0 GLD 10US$ ***** 70.7 0.4 DBXT Nifty 10US$ ***** 62.0 0.4 DBXT MSINDIA 10US$ 1019 31.0 2.5 DBXT SPASX200 10US$ 3412 24.8 0.6 Jardine C&C 4010 24.0 0.6 DBS Bk 4.7% NCPS 100 ***** 20.0 0.2 UOB 5.05%NCPS 100
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    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN IS S&P500 *****-124.1 -0.8 IS DJ US Tech 6298 -72.0 -0.9 DBXT S&P Short 10US$ 4337 -55.8 -1.0 JMH 5380 -37.2 -0.6 DBXT MSKorea 10US$ 6097 -36.0 -0.5 DairyFarm 808 -31.0 -3.0 CityDev 1024 -22.0 -2.1 Asia Pac Brew 2930 -20.0 -0.7 CityDev.ES.1107 1026 -16.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      188 9 'Tkz, l\fcw Avisv\ Cfjf -W-h&iAAe^. THE NEW CONTINENTAL GT. A FUSION OF EXTREMES. r 7 sn 9^ S-Y il P E V ry sS. ass ~u>. m m ,A J ■4 WZ. r>r Welcome to a new chapter in the story of Bentley the new Continental GT. Building on the
      188 words
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      323 10 y c *-> <4 u m b 9A DELIGHT IN THE GREAT AUSTRALIAN OUTBACK AND DOWN UNDER SPECIALITIES L triple WA* three UP FOR DOWN UNDER? From 4 to 17 July, join us for an Aussie feast as Triple Three goes down under and brings together a host of delights
      323 words
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      131 11 Lenovo® recommends Windows® 7 Professional. A THIN LINE DIVIDES FROM THOSE WHO DON'T. THOSE WHO DO IT'S 16.5MM THICK. WWW.LENOVO.COM/SG <. 800-6012-047 m A 'Ml i .1 .11 |I I MU hi>' < H.i .»i« •At <11 U M THE THINKPAD XI IS A DREAM-REALISATION MACHINE. IT FEATURES THE NEW
      131 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Woodlands industrial site draws top bid of $84.2m
      443 12  -  This is much higher than expected and twice the psf price paid for site nearby By FELDA CHAY AN industrial site at Woodlands Avenue 12 drew a top bid of $84.24 million more than twice the per square foot price paid for
      443 words
    • Article
      Lock icon Grade A office occupancy low but rents still rise in Q2
      485 12  -  By DICKSON LI OFFICE rents in Singapore registered a high singledigit growth in the second quarter of this year despite falling occupancy rates. Average monthly gross rents of Grade A office space islandwide saw a 6 per cent quarter-on-quar-ter
      485 words
    • Article, Illustration
      Lock icon Wheelock project to get $1.8m Chihuly chandelier
      247 12 WHEELOCK Properties will be installing a chandelier sculpture by renowned artist Dale Chihuly in its new super-luxury residential and retail development on Scotts Road. The chandelier, V A Chandelier 1999, is worth about $1.8 million. Three other sculptures which Wheelock has acquired are
      247 words
    • Article
      Lock icon Commercial, residential plots up for tender
      739 12  -  Robinson Rd site from URA, Punggol site from HDB By NICHOLAS YEO THE government has released two 99-year leasehold sites a commercial site at Robinson Road/Cecil Street and a large residential site at Punggol Field Walk. Both sites are for sale by public tender.
      739 words
    • Article
      Lock icon SBF reflects on eventful year at AGM
      242 12 THE Singapore Business Federation (SBF) yesterday reflected upon a year of efforts to help its members and the wider business community tap emerging opportunities in 2010 at its ninth annual general meeting. Organising and supporting some 400 activities and programmes during the year,
      242 words
    • Article, Illustration
      Lock icon CDCs must evolve to meet changing needs: PM Lee
      636 13  -  Mayors urged to experiment with new ways to engage the population By LEE U-WEN SINGAPORE’S five community development councils (CDCs) have to evolve to meet the changing needs of society, said Prime Minister Lee Hsien Loong yesterday. He urged the mayors
      TERENCE TAN/THE STRAITS TIMES  -  636 words
    • Article
      Lock icon Pitch time for water project researchers
      272 13  -  By LYNN KAN THIS year’s Singapore International Water Week (SIWW) will help researchers get one foot into the world of commercialisation. A new TechXchange workshop during the fiveday conference next week will help match ready-to-market research projects with companies and venture capital funds. The
      272 words
    • Article
      Lock icon Goldman Sachs expanding in Singapore
      469 13  -  By SIOW LI SEN GOLDMAN Sachs, the leading US investment bank which is usually behind all the biggest deals, is expanding in Singapore. The global leader in IPOs was also behind Singapore’s blockbuster IPO earlier this year the US$5.5 billion Hutchison Port Holdings Trust. US-based
      469 words
    • Article
      Lock icon Ensuring S’pore-Japan trade flows smoothly
      191 13 SINGAPORE and Japan have agreed to secure trade flows between each other with the signing of a mutual recognition arrangement (MRA). Director-generals of the Singapore and Japanese customs administration, Fong Yong Kian and Atsuo Shibota, signed the agreement in Brussels at the World Customs Organisation
      191 words
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      97 12 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 July 2011 Tenor Approximately 2 years Total Amount Allotted SGD 2,200,000,000 Amount Allotted to Non-Competitive Applications SGD 130,781,000 Amount Allotted to MAS Nil Total Amount Applied SGD 4,902,388,000 Coupon Rate 2.250%
      97 words
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      98 12 HAIR TRANSPLANT FORUM “How Beautiful It Would Be To Have A Head Full Of Hair...” FREE ADMISSIONs ComplimentaryHair Analysis Date Time: 6th July, 1pm 7th July, 6pm Venue: 391B Orchard Road, Ngee Ann City Tower B, #08-04, Singapore *****3. Dr Tyng Tan BSc (Hons), MBBS (London) Member of International Society
      98 words
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      78 12 Be A Part of the Elite Fraternity at the Padang! Located at the heart of the City First-rate facilities Transferable or Term Membership Managed and Owned by Members Along the Grand Prix Route Ample Reserves for New Lease Free Matching Services are available for interested buyers of Ordinary, Lady and
      78 words
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      499 13 WATER FOR CITIES Wellspring of Opportunities in Water J pun 2: N* AV m w 1 mm rai. With the global water market valued at more than US$500 billion in 2010, and capital expenditures on water and wastewater infrastructure and industrial treatment equipment growing 5.6% to 7.5% annually until 2016,
      499 words
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      112 13 aw* Standard Chartered m* <4* Taste the luxury enso Live The Good Life™ with culinary delights. Tantalise your taste buds with Summer Black Truffles, flown in fresh from Italy to create the finest Italian dishes. Enjoy 15% off your total bill including seasonal and set menus with your Standard Chartered
      112 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Reinsurance industry may consolidate
      646 14 It is watchful of Atlantic hurricane season and threat of Greek default Bloomberg [ZURICH] A Greek default and potential losses from the Atlantic hurricane season could lead to consolidation among reinsurers after catastrophes in Japan and the US hurt excess capital, reinsurers say. “Many reinsurers are
      Bloomberg; REUTERS  -  646 words
    • Article
      Lock icon Drop in Japan retail sales slows in May
      382 14 Bloomberg [TOKYO] Japan’s retail sales fell at a slower pace than economists estimated in May, adding to signs that the worst of the post-disas-ter downturn in the world’s third-largest economy may be over. Sales slid 1.3 per cent from a year earlier,
      Bloomberg  -  382 words
    • Article
      Lock icon Japan may face a third ‘lost’ decade: Moody’s
      525 14 Reuters [TOKYO] Japan could face a third “lost” decade of sluggish economic growth that will leave it struggling to whittle down the heaviest debt burden among developed nations, Moody’s ratings agency said on Monday. It chided the government’s failure to meet a
      Reuters  -  525 words
    • Article
      Lock icon Cost of protecting US bonds from losses dips
      411 14 Bloomberg [NEW YORK] The cost of protecting US company bonds from default fell from the highest level in eight months amid reports that Greek creditors made progress on a plan to avoid the country’s default. The Markit CDX North America Investment Grade
      Bloomberg  -  411 words
    • Article
      Lock icon BIS call for higher rates ‘nonsense’: BOE
      440 14 Bloomberg [LONDON] Bank of England (BOE) policymaker Adam Posen said it’s wrong for the Bank for International Settlements (BIS) to say that all central banks need to start raising interest rates to control inflation. The BIS “just said all central banks should raise
      Bloomberg  -  440 words
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      86 14 CRUDE OIL FOR SALE A certified Oil trader is offering Forcados/Bonny Life for sale Products are available on FOB and Tanker Takeover-Transfer. Minimum Order is 1 million Barrels Term and Spot deals available Competitive Pricing with heavy discounts (Below market rate) Hasslefree and Transparent process Also available is gasoline marketing
      86 words
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      478 14 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF VISATOR PTE. LTD. (In Creditors' Voluntary Liquidation) Reg. No. *****6858G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
      478 words
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      69 15 Introducing the world’s first ultra-portable performance tablet. sg.blackberry.com/playbook Scan now to explore the BlackBerry® PlayBook™ 2011 Research In Motion Limited.All rights reserved.BlackBerry®, RIM®, Research In Motion® and related trademarks, names and logos are the property of Research In Motion Limited and are registered and/or used in the U.S.and countries around
      69 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta may curb fuel consumption
      604 16 Move to keep budget deficit at 2.1% will add to inflation Reuters Bloomberg [JAKARTA] Indonesia’s government may impose curbs on consumption of subsidised fuels this year, after earlier delaying a plan to wean private cars off cheap petrol, as it aims to keep a budget
      Reuters; Bloomberg; BLOOMBERG  -  604 words
    • Article
      Lock icon Petronas joint venture discovers oil in waters off Vietnam
      491 16  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S national oil corporation Petronas, in joint venture with its partner PetroVietnam, yesterday announced an oil strike in deep waters off the coast of Vietnam. Petronas said in a media statement yesterday that oil was
      491 words
    • Article
      Lock icon Investors urged to help promote M’sia
      510 16  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S Minister of International Trade Mustapa Mohamed has called on foreign investors in the country to help promote the nation as an investment destination since their personal endorsement makes for “a most powerful marketing tool”. “My wish list
      510 words
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      1690 16 [•■ATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg MERCATOR LINES (SINGAPORE) LIMITED (Company Registration No. *****7205N) (Incorporated in the Republic of Singapore) MERCATOR NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mercator Lines (Singapore) Limited ("the Company") will be held at Meeting Room 202,
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China property bonds worst performer among developers
      648 17 Curbs on speculation and efforts to battle inflation drive up yield premiums Bloomberg [SHANGHAI] China’s homebuilders, the world’s most indebted, are handing bond investors the worst returns among developers as curbs on speculation and efforts to control inflation drive yield premiums to record
      Bloomberg  -  648 words
    • Article, Illustration
      Lock icon Open financial sector, Geithner urges India
      476 17 Future growth rests on next wave of reforms, he says AFP [WASHINGTON] US Treasury Secretary Timothy Geithner has urged India to open up its financial sector, warning that future growth in the rapidly emerging economy depended on new reforms. But in key annual talks,
      AFP; AP  -  476 words
    • Article
      Lock icon Sun Art aims to raise US$1.1b in HK share offering
      335 17 Reuters [HONG KONG] Chinese hypermarket operator Sun Art Retail Group is aiming to raise as much as US$1.1 billion in a Hong Kong initial public offering (IPO), at a time a slide in global equity markets is forcing several companies
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    • Article
      Lock icon China Yurun shares drop on negative rumours
      416 17 Bloomberg [SHANGHAI] China Yurun Food Group Ltd dropped in Hong Kong trading, extending Monday’s record 20 per cent plunge, as short selling surged amid speculation that Muddy Waters LLC may issue a negative report on the pork producer. Yurun slid 5.9 per cent
      Bloomberg  -  416 words
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      197 17 NEW SME SUCCESSFUL CASE STORIES PHOTO! Interior design concepts n r IV' r N Q S >*> T* C HOW TO MAKE USE OF GOVERNMENT BODY PROGRAMME TO HELP ENTERPRISES (SME) GROW? Did you delay your Business Plans: In Changing, Upgrading of Need Or Hesitated in Accepting Major Sales-Order etc?
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      211 17 Srjp« m c?«) aajoHSnSts# SINGAPORE CHINA (NINGBOI IMPORT AND EXPORT FAIR 20 July 22 July, 2011 9am 6pm Suntec Singapore International Convention Exhibition Center (402 Hall) NSExpo 011 Singapore China (Ningbo) Import and Export Fair is organised by Ningbo Foreign Trade Economic Cooperation Bureau, China. With 3,300 sq.m. exhibiting area
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  • EMERGING ENTERPRISE 2011
    • Article, Illustration
      Lock icon A night to remember for young enterprises
      559 18/19 GALA events are usually thought of as formal affairs that while resplendent, are often interspersed with many a boring moment. An anomaly then can be said to have occurred at the awards ceremony cum gala dinner of this year’s Emerging Enterprise Awards, where
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  • WORLD
    • Article, Illustration
      Lock icon Stanchart on course for record first-half profits
      617 20 Cost growth to be broadly in line with income growth, against expectations Reuters [HONG KONG] Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered plc on track for record profits in the first half of
      Reuters; AFP  -  617 words
    • Article
      Lock icon Lagarde poised to be named IMF chief
      366 20 AFP [WASHINGTON] French Finance Minister Christine Lagarde was poised yesterday to be named head of the International Monetary Fund (IMF) after earning the decisive endorsement of Washington. Despite grumblings from emerging economies over Europe’s 65-year lock on the IMF’s top job, the solid
      AFP  -  366 words
    • Article
      Lock icon Google faces French damage claim
      294 20 Reuters [BRUSSELS] French search engine company 1PlusV said that it is suing Google for 295 million euros (S$523 million), alleging that the company used its market dominance to block the development of alternative services. The French company is one of four, including Microsoft, that have
      Reuters  -  294 words
    • Article
      Lock icon Tepco wins backing to keep nuclear reactors
      445 22 Reuters [TOKYO] The utility at the heart of Japan’s atomic crisis, Tokyo Electric Power Co, won institutional shareholder backing yesterday to keep its reactors in the face of anger from rank-and-file stockholders seeking an end to nuclear energy. Opponents failed to win enough
      Reuters  -  445 words
    • Article
      Lock icon Japan moves to expand ties with Latin America
      519 22  -  It also eyes FTA with continent’s common market Mercosur By ANTHONY ROWLEY in Tokyo TAKEAKI Matsumoto will become the first Japanese foreign minister to attend a summit meeting of the Latin American common market, Mercosur, when he arrives in the Paraguayan capital
      519 words
    • Article
      Lock icon Bidders talk tough in last-minute dash for Toronto Stock Exchange operator
      535 22 Reuters [TORONTO] Bidders for the operator of Canada’s largest stock exchange stepped up their last-minute push for votes on Monday as the deadline loomed for TMX Group shareholders to decide between a takeover offer from the London Stock Exchange
      Reuters  -  535 words
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      Lock icon Beijing offers to buy Europe sovereign bonds
      538 22 China is confident about European economy, says Wen Jiabao Bloomberg [BERLIN] China has confidence in Europe’s efforts to tame the debt crisis and can offer “a helping hand” by buying a limited volume of sovereign bonds, Premier Wen Jiabao said after talks with
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      Lock icon Strike against Athens’ austerity moves turns into ugly protest
      567 22 Demonstrators say Europe is imposing its will on Greece AFP [ATHENS] Greek anti-riot police fired tear gas at 10,000 protesters outside parliament yesterday after youths hurled firebombs as a general strike against the bankruptcy-threatened government turned ugly. Tear gas hung heavily
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      225 20 Keppel Corporation Ltd^^^S'T^ Mercator Lines (Singapore) Ltd Ol K I LLv. F J Benjamin Holdings Ltd Singapore Technologies Engineeri lg d sin. ere CapitaRetail China Truit SoilbljiJu Group Ho Ascott Residence Trusll qt OPIQ C KJ TS K-Rert AsiaStarFTu b Ltti M &aker If y Lassetecs International Holdings Ltd IX
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  • Article, Illustration
    Lock icon A New Direction for Corporate Governance: Integrating Accounting with Strategy
    1354 21  -  Lawrence Loh Dr Lawrence Loh is associate professor at the Department of Strategy Policy of the NUS Business School. He is also affiliated to the School's Centre for Governance, Institutions Organizations (CGIO). Brought to you by CPA Australia Codes of
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      153 21 CPA Forum 2011 The future of corporate governance: from accounting to strategy Join us at the event to gain insights on: Benchmarking for strategic corporate governance findings from the Governance and Transparency Index (GTI) 2011 Speaker: Dr Lawrence Loh, Centre for Governance, Institutions and Organizations, NUS Business School Governance and
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  • TransportHUB
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      Lock icon IMO’s move on lifeboat safety unsatisfactory
      1075 23  -  It should also insist on the installation of fall preventer devices in the short term STRAIT TALK By DAVID HUGHES THE expression “the road to hell is paved with good intentions” has never been far from my mind during the 20plus years that I
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      Lock icon Tanker rates for Asian routes seen weakening
      478 23 Less imports ahead given IEA’s planned release of stockpiles Reuters [SINGAPORE] Rates for oil tankers on key Asian freight routes are expected to weaken over the next week, pressured by the IEA’s release of emergency stockpiles of crude and refined fuel products, shipbrokers
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      Lock icon TRANSPORT ST0CKS
      278 23 SGX '000 Jun 28 S$ +/-Vol CH Offshore 0.43 unch 34 Chuan Hup Hldg 0.26 0.02 691 Cosco Corp 1.93 unch ***** CWT Ltd unch unch 0 Ezra Hldgs 1.44 0.02 9300 First Ship Lea 0.35 unch 1846 Freight Links 0.07 0.01 7908 Grand Banks unch unch 0
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      Lock icon Tanker rates on global export routes climb
      372 23 Reuters [LONDON] Refined petroleum tanker rates on top global export routes were mostly firmer on Monday although growing vessel availability put the brakes on earnings gains in the transatlantic market. Strong cargo bookings helped send transatlantic rates to their highest in a month
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    • Article
      Lock icon US cuts SPR oil minimum delivery size
      163 23 Reuters [WASHINGTON] The US Energy Department on Monday cut the minimum delivery size for the oil that it will try to sell this week from the Strategic Petroleum Reserve (SPR) that will be delivered by ship. The smaller lot size would make it
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon China inks deal for 62 Airbus A320s: Berlin
        513 24 Purchase order signed during Chinese premier’s visit to Germany Reuters [BERLIN] The German government says China has signed a purchase agreement with European aircraft maker Airbus for 62 new A320 aircraft. The French-German company signed the agreement on the sidelines of a
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        Lock icon Summer travel delays are back as planes are left stranded on tarmacs
        844 24 Transportation Dept says fewer delays than in 2008, 2009 NYT [NEW YORK] Summer is here, the airplanes are full, fares are rising, service is falling and flight delays are increasing. Can we also expect to see more planes
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3270 24 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 Amsterdam LO4031
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        Lock icon SIAEC’s fleet service contract from SIA Cargo renewed
        343 24  -  By VEN SREENIVASAN SIA Engineering Company has bagged a $358 million maintenance, repair and overhaul job from sister company Singapore Airlines Cargo. The five-year contract will succeed a services agreement that expires this month. “The new agreement, commencing July 1, 2011, is
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon McLaren opens first dealership in London
        820 25  -  Experience in F1 racing used in dealer selection process, says its chairman By SAMUEL EE MCLAREN opened its very first showroom last week in London, in a glitzy affair that showed it takes its dealerships as seriously as it does motor racing. The London
        820 words
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        Lock icon New Continental at the Capella
        211 25  -  By SAMUEL EE THE new Bentley Continental GT coupé glided into Singapore yesterday with an official launch at the Capella in Sentosa. Bentley customers and other guests turned up to view the latest Continental, which has undergone an extensive makeover. The new coupé has a
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        Lock icon Smaller Hyundai diesel cab possible
        518 25  -  Taxi operators look to downsize cabs to mitigate COE costs By SAMUEL EE HYUNDAI seems set to strengthen its grip on the taxi market with the introduction of a smaller die-sel-engined model as taxi operators look to downsize vehicle size in order to mitigate the
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      • Article
        Lock icon Is it a train or a jetliner on tracks?
        276 25 Reuters [BEIJING] With its fully reclining airlinestyle business class seats, a strict nosmoking policy and designed top speed of 350km per hour, the new Beijing-Shang-hai express embodies China’s race to the future. The new line’s launch is coordinated with the 90th
        Reuters  -  276 words
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      60 23 e i c 1» tabte INDIAN heaR 1BEAX S>»«NaAi no strike takes Stumpy iryjuptc^*^ IWO.WC0P 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
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      27 23 The NEW TGOltf Android app I <s T0D«» ■S BEST MUSiC THE MARRIED MEN weekdays from 6am A set* ;•O) i DOWNLOAD IT FREE AT RADI09I3.COM NOW!
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  • Page 24 Miscellaneous
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      274 24 CRYPTIC CROSSWORD Across 1 Naming compiler in terrible rant on clue (12) 8 Policeman’s bad run following diamonds (7) 9 It’s the sack for a public employee (7) 11 Patient initially prone and docile (7) 12 Current’s boiling lacking resistance (7) 13 Material increase reported (5) 14 A large bird
      274 words
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      76 25 herworld.com Over $6,000 worth of prizes including luxury holiday at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate!) We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart Mode Tres Bleu v£y diamond pendant worth $838 and $1,500 worth of gift vouchers
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      21 25 www.omy.sg SINGAPORE AWARDS if m an si? m te n 2 0 11 http://sgblogawards.omy.sg ESftE QR Reader K B3!]QR ReaderjtfJtS&IHi E:
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  • EDITORIAL & OPINION
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      Lock icon Challenges for investors amid uncertainty
      476 26 EDITORIAL IT should be evident by now that there is no quick fix to the massive debt overhang that dogs Europe and the United States. While European leaders pile the pressure on Greece to vote for painful austerity measures as a precondition to a fresh
      476 words
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      Lock icon Hong Kong stands out for political openness
      764 26  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter @FrankChing1 THE renowned Chinese artist and dissident Ai Weiwei, held for 80 days without charge, was finally released under conditions that among other things forbid
      764 words
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      Lock icon So, where are the top Asian MNC execs?
      957 26  -  More Asian leaders need to make an impact in boardrooms of major Western corporations By STEPHEN KREMPL Stephen Krempl, a Singaporean who was until recently chief learning officer of Starbucks based in Seattle, is CEO of Integrative Learning Corporation in Singapore and
      957 words
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      Lock icon Want a way out of the recession? Create jobs by saving resources
      1210 27  -  Face the music start the politically agonising, economically needed ecologically imperative process of changing relative factor prices By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow at the Institute of Southeast Asian Studies, Singapore, and the
      REUTERS  -  1,210 words
    • Article
      Lock icon The long and winding road to recovery
      801 27  -  By OLIVIER BLANCHARD, JOSE VINALS, CARLO COTTARELLI Olivier Blanchard is chief economist of the IMF. José Viñals is financial counsellor and director of the IMF’s Monetary and Capital Markets department. Carlo Cottarelli is director of the IMF’s Fiscal Affairs department [SAO PAULO] The
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    • Article
      Lock icon SGX should drop plan to abolish lunch break
      153 27 LETTER TO EDITOR THE Singapore Exchange (SGX) appears to have a problem implementing its move to abolish the 12.30 to 2pm lunch break, which suggests there must be valid feedback against the move. I am not a remisier, but I sympathise with
      153 words
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      103 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8293 28 Transaction date: Jun 28 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 15 8Telecom 15.5 14.5 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 unch 180 7.5 7.5 7 7.5
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      Lock icon SGX CATALIST
      1489 29 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 3.9 202 142 t APStrategic 153 152 157 90.8 1.5 0.5 t Advanced System 0.5
      1,489 words
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      Lock icon UNIT TRUSTS & FUNDS
      9909 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.34/ APS Alpha Fund (USD)!** 1.08/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.6316/ Asian Credit Fund
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      Lock icon GLOBALQUOTE
      224 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46 44 48 3.6 7.6 3.7 119.8 55 18 Genting HK US$ US35.5 -0.5 8832 36.5 35.5 35.5 36 2337.5 21 12 Over&Gen A15
      224 words
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      Lock icon SGX ETF
      871 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 117 113.8 118 534.1 1077 832 CIMBAsean40 100US$ US1035 1027 1034 41.4 350 283 DBS STI ETF 100 310 +1
      871 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 30 In local curr In S$ In US$ dy yr dy yr dy yr Jun 27 Index Change Change Change Change Change Change World Index Preliminary 881.5 0.2 -1.8 0.7 -3.0 0.3 0.0 EAFE Preliminary 759.8 -0.1 -5.1 0.4 -4.4 0.1 -1.4 Europe Preliminary 1125.3 0.3
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Jun 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.05 -0.39 WTI (Near Mth) 91.44 unch Dubai (1-Mth F) 100.23 -2.51 Tapis blend 108.79 -4.13 Minas 105.29 -4.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.17 -4.22 Jet Kerosene 118.20 -1.70 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SICOM FUTURES
      183 30 Jun 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 439.0 439.0 439.0 6 106 Aug 11 441.0 441.0 441.0 12 162 Sep 11 442.0 440.5 442.0 65 427 Oct 11 441.0 441.0 441.0 23 373 Nov
      183 words
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      Lock icon SMX MARKET UPDATE
      75 30 www.smx.com.sg As on 27 June 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1504.2 1493 1496.3 1501.2 Silver Cash Jul-11 33.68 33.575 33.58 34.655 CURRENCY Euro-US Dollar Sep-11 1.4257 1.4082 1.425 1.4133 Aust-US Dollar Sep-11 1.0349 1.0304 1.0332 1.0399 BASE METALS Copper
      75 words
    • Article
      Lock icon CHICAGO BOT
      107 30 Jun 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1329.75 1320.25 1330.75 1310.00 Aug 11 1322.75 1315.00 1324.00 1303.75 Sep 11 1316.75 1310.75 1319.00 1298.00 Nov 11 1315.00 1309.25 1316.00 1294.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 54.91
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 30 Jun 28 Jun 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 29.09.2011 0.32 0.26 0.26 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 NX*****Z 2.250 01.07.2013 103.62 5-Year N*****0W 1.125 01.04.2016 100.55
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      451 30 Jun 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5950 0 7106 Dec11 99.5000 0 4093 Mar12 99.4500 0 1678 Jun12 99.3650 0 1486 EUROYEN TIBOR FUTURES Sep11 99.6675 0 1235 Dec11 99.6650 0 1392 Mar12 99.6550 5 1823 Jun12 99.6450 99.6450 99.6450 99.6475 20
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Jun 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.34 1.265 Can dollar 1.282 1.233 Euro 1.807 1.738 Sterling pound 2.02 1.943 NZ dollar 1.026 0.978 US dollar 1.259 1.211 Local dollars to 100 units of foreign
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      Lock icon STOCK INDEX FUTURES
      27 30 Jun 28 Open High Sett STI Jun 3051 SIMSCI Jun 352.0 354.4 351.8 Taiwan Jun 296.6 299.6 296.3 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2608 30 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 25.5 1 150 15 6.00 35 ASJ Hldgs W*****1 1.5 1 4 38 2.67 8 AlliedTech W*****2 1.5 1 4 29 Asia Water Tech Ltd W*****8 3 unch
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      Lock icon INTERBANK RATES
      177 30 Jun 28 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.26 0.16 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
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 30 Jun 28 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 6.773 0.731 8.152 47.125 90.325 0.846 11.344 3.188 1.299 90.079 45.586 1.299 7.181 0.874 30.314 32.420 0.655 1.047 Canada 0.969 6.561
      462 words
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      Lock icon SIBOR
      85 30 Jun 28 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Jun 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2983 1.3006 1.0465 1.0475 Canadian dollar 1.2578 1.2595 1.0139 1.0144 Euro 1.7759 1.7778 1.4315 1.4319 NZ dollar 1.0000 1.0014 0.8061 0.8065 Sterling pound 1.9827 1.9847 1.5982 1.5985
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Jun 28 S$ Bid Offer 1-month 1.2406 1.2416 2-months 1.2405 1.2416 3-months 1.2404 1.2414 6-months 1.2399 1.2409 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      140 30 Jun 28 GOLD (US$/oz) Jun 27 Jun 28 Hong Kong 1501.00 1505.00 Jun 24 Jun 27 London 1506.82 1499.72 1507.60 1500.50 Source: Thomson Reuters CAST BAR Jun 28 (S$) Selling Buying Kilobar 64,358.36 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 409 300 10gm 731
      140 words
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      Lock icon LONDON METALS
      69 30 Jun 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2478.75 2470.00 3 months 2510.00 2500.00 Copper, Grade A (US$/tonne) Cash 8958.50 9036.00 3 months 8970.00 9045.00 Lead (US$/tonne) Cash 2555.25 2567.00 3 months 2567.00 2580.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon PALM OIL
      65 30 Jun 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3110 3083 3110 3080 794 2724 Aug 11 3090 3070 3090 3052 2170 ***** Sep 11 3071 3063 3084 3045 ***** ***** Oct 11 3064 3062
      65 words
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      Lock icon LIFFE
      82 30 Jun 27 COCOA (£/tonne) Close Prev High/Low Jul 11 1899 1869 1905/1877 Sep 11 1912 1881 1918/1889 Dec 11 1934 1904 1937/1913 Mar 12 1947 1918 1950/1927 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2341 2282 2349/2264 Sep 11 2377 2319 2385/2296 Nov 11 2395 2337 2402/2320 Jan 12
      82 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5514 31 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
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  • Page 33 Advertisements
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      945 33 WATS NOTICES BUY IT-SELL IT-FIND IT THE COMPANIES ACT, CAP. 50 Section 291(4) UNICLATRADING (S) PTE LTD (Co. Reg. No. *****2936N) STATUTORY DECLARATION OF INSOLVENCY We, Ong Swee Lian, Amy (NRIC No. S*****01 J) of 12 Saraca View, Singapore *****2 and Chua Keng Mok (NRIC No. S*****72H) of 12 Saraca
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      Lock icon Page 33 Advertisements Column 2
      259 33 Fifth Singapore International Conference on Finance NUSS Kent Ridge Guild House 19 and 20 July 2011 Organised Jointly By Centre for Asset Management Research Investments (CAMRI) and Department of Finance, NUS Business School This is an international conference that brings together high quality research papers on Financial Crisis, Corporate Finance,
      259 words
  • executive Money
    • Article, Illustration
      Lock icon Favourable risk-reward for Indian equities
      895 33  -  The country is going through an enormous wealth shock or savings accumulation, among other positive factors MONEY MATTERS RIDHAM DESAI SHEELA RATHI Ridham Desai is strategist and head of India equity research, Morgan Stanley and Sheela Rathi is AlphaWise research strategist, Morgan Stanley INDIA is
      AFP  -  895 words
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      Lock icon Analysts up S&P 500 sales forecast
      1238 34 They expect revenue to climb 10 per cent in 2011, twice last year’s rate, as personal income and corporate spending recover Bloomberg [NEW YORK] ANALYSTSareincreasingsales forecasts for Standard Poor’s 500 Index companies by the most in three years, compensating investors as the biggest expansion
      Bloomberg; BLOOMBERG  -  1,238 words
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      291 34 ENJOY UP TO 5.48% P.A. WITH OUR FOREIGN CURRENCY TIME DEPOSITS. OCBC PREMIER BANKING Take advantage of attractive interest rates when you open a Foreign Currency Time Deposit with us. *Conversion from another convertible currency is required to open a Chinese Renminbi (RMB) time deposit. To join OCBC Premier Banking
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  • THE BUSINESS TIMES Wealth
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      Lock icon PICKING WINNERS
      24 1 This edition gives a broad picture of the investment themes that market experts believe will have legs in the short to medium
      24 words
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      478 2  -  By Genevieve Cua Personal Finance Editor BY now there is little dispute that growth of the economies of Asia and the emerging markets will outstrip and is already outstripping that of mature markets such as the US and Europe. A bright long-term outlook, however, does not preclude volatility
      478 words
    • COMMODITIES
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        Lock icon STILL HEADING NORTH
        1154 4  -  Despite the strong run-up anD fears of a bubble, the current bull run in commoDities appears to still have legs By AL CLARK Al Clark is Schroders Regional Head of Multi-Asset OMMODITIES have made double-digit gains over the first quarter, boosted by a supportive macro environment. In
        BLOOMBERG; AP; PHOTOS: AFT  -  1,154 words
    • ENERGY
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        Lock icon A jump then a tumble
        1034 6  -  While the long-term trend for oil prices is up to as high as us$250 the very long-term outlook could be doWn to as loW as us$25 By TOBIAS MERATH, MIROSLAV DURANA Tobias Merath is Head of Commodity Research, Credit Suisse Private Banking Dr Miroslav Durana
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    • RESPONSIBLE INVESTING
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        Lock icon IT PAYS TO GO GREEN
        1217 8  -  GearinG socially responsible portfolios towards more financial sustainability will allow such an investment strateGy to become more mainstream By CHRISTOPH BUTZ Christoph Butz is Sustainability Expert, Pictet Asset Management S ocially responsible investment (SRi) has come of age. according to Eurosif, the European industry organisation
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    • ALTERNATIVES
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        Lock icon BACK IN FAVOUR
        944 10  -  Once shunned during the financial crisis, alternatives are nOw sOught after by asian investOrs. hOwever, the risks and cOmplexities Of such prOducts shOuld nOt be underestimated By MAHENDRAN NATHAN Mahendran Nathan is Russell Investments’ CEO for Asean, Hong Kong, India and Taiwan UST as alternative investments were
        944 words
    • INVESTMENT STRATEGY
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        Lock icon Going global
        773 12  -  THE GLOBAL MACRO APPROACH IS OPPORTUNISTIC AND NIMBLE, FOCUSING ON THE USE OF HIGHLY LIQUID INSTRUMENTS TO FACILITATE RAPID CHANGES IN POSITIONING By TIM PEACH Tim Peach is Executive Director, Man Investments (Singapore) Pte Ltd G LOBAL macro managers benefit from having the least restrictive and most flexible
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    • LIQUIDITY
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        Lock icon The case for capital controls
        1305 14  -  THERE IS NOW A GROWING CONSENSUS THAT SUDDEN SURGES OF CAPITAL MOVEMENTS POSE POTENTIAL DANGERS FOR THE ECONOMY By KELVIN TAY Kelvin Tay is Chief Investment Strategist Singapore, UBS Wealth Management Research AJOR financial crises since the 1990s have been marked by tremendous flows of
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        Lock icon AIMING FOR THE WINNERS
        2039 16 FIVE ANALYSTS GIVE THEIR VIEWS ON THE MOST PROMISING INVESTMENT THEMES FOR THE SHORT TO MEDIUM TERM AND HOW INVESTORS CAN POSITION THEMSELVES TO MAXIMISE RETURNS ON a three-to-five-year perspective, the core theme around which we build portfolios is elevated long-term inflation generated by policies designed
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        Lock icon 3 QUESTIONS on Wealth Management
        489 19 The number of High Net Worth Individuals is growing faster in Asia than in any other part of the world and has led to an increasing demand for private banking services in the region. BSI Bank in Asia has been mirroring this growth in both
        489 words
    • PRECIOUS METALS
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        Lock icon OVERWEIGHT GOLD
        1438 21  -  THE METAL IS EXPECTED TO MAINTAIN ITS SHINE, AT LEAST UNTIL 2014 WHEN IT WILL HIT JUST OVER US$2,100 AN OUNCE By STEVE BRICE Steve Brice is Chief Investment Strategist, Group Wealth Management, Standard Chartered Bank OLD has always invoked a range of emotions in consumers and investors
        PHOTO: BLOOMBERG; PHOTO: REUTERS  -  1,438 words
    • AGRIBUSINESS
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        Lock icon Sow and reap
        942 24  -  DESPITE THE ROCKY GLOBAL ECONOMIC RECOVERY, THE LONG-TERM GROWTH PROSPECTS FOR THE AGRIBUSINESS SECTOR REMAIN ROSY, DRIVEN BYSEVERAL KEY SUPPLY AND DEMAND TRENDS By SOH HANG KWANG Soh Hang Kwang is Rabobank CEO Singapore and Head, Wholesale Clients, International South-east Asia ECENTLY, the World Bank said that
        PHOTO: REUTERS  -  942 words
    • CURRENCY
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        Lock icon TACTICAL MOVES
        949 26  -  INVESTORS CAN EXPLOIT THE BASIS RISK THAT EXISTS BETWEEN THE OFFSHORE AND ONSHORE YUAN MARKETS By CHIANG SIEW KAY Chiang Siew Kay is Managing Director, FX/ Options Head, Wealth Management, Citi Asia Pacific OR both retail and institutional forex investors, the liberalisation of the offshore yuan market, specifically
        PHOTO: REUTERS; Source: Citi, Reuters  -  949 words
    • INSURANCE
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        Lock icon BROADENING APPEAL
        1329 28  -  UNIVERSAL LIFE INSURANCE, ONCE AVAILABLE ALMOST EXCLUSIVELY TO THE ULTRA WEALTHY, HAS WIDENED ITS REACH, OFFERING INVESTORS A STABILISING FORCE IN THEIR PORTFOLIOS By ODD HAAVIK Odd Haavikis Managing Director and CEO of Charles Monat Associates Pte Ltd N September 2008, I had the pleasure of contributing an
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    • ART
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        Lock icon Hot beauties, great returns
        955 30  -  InvestIng In art offers both fInancIal and emotIonal rewards. Its appeal also lIes In Its low correlatIon wIth other asset classes By VIOLA RAIKHEL-BOLOT Viola Raikhel-Bolot is Head of the HSBC Private Bank Art Design Advisory Service he international art market is worth over a staggering
        955 words
    • PHILANTHROPY
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        Lock icon CONSTRUCTING SOLUTIONS
        1701 32  -  THE PRACTICE OF PHILANTHROPY IS LESS TO ‘FIND A PROBLEM’ THAN TO ‘CONSTRUCT A SOLUTION’. HOW DOES THIS APPLY TO PHILANTHROPIC ACTIVITY THAT IS EVOLVING IN SINGAPORE AND THE REGION? By MONICA GWEE Monica Gwee provides independent advisory for private philanthropists and family foundations on their grants for
        PHOTO: AP  -  1,701 words
    • PROPERTY
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        Lock icon WHY AUSTRALIA?
        1288 35  -  THERE ARE PULL FACTORS THAT MAKE AUSTRALIAN RESIDENTIAL PROPERTIES A SOUND INVESTMENT IN THE MEDIUM TO LONG TERM By DARIEN BRADSHAW, PETRA BLAZKOVA Darien Bradshaw is Executive Director, International Project Marketing, CB Richard Ellis Petra Blazkova is Head, CBRE Research, Singapore and South-east Asia, CB Richard Ellis S
        PHOTO: BLOOMBERG; Source: Monetary Authority of Singapore; CBRE Research  -  1,288 words
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        Lock icon London holds its own
        1101 36  -  OVERSEAS INVESTORS ARE SHOWING SUSTAINED INTEREST ESPECIALLY IN PRIME CENTRAL LONDON PROPERTIES, HELPED IN NO SMALL PART BY THE FAVOURABLE EXCHANGE RATE By LIAM BAILEY, PNG POH SOON Liam Bailey is the Head of Knight Frank London Residential Research Department Png Poh Soon is the Head
        PHOTO: BLOOMBERG  -  1,101 words
    • HOME LOANS
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        Lock icon Pick and choose
        1046 38  -  In the battle for a bIgger slIce of the home loans pIe, banks have come up wIth a slew of InnovatIve products on top of plaIn vanIlla ones By EMILYN YAP ow interest rates are not the only thing working in home buyers’ favour these days. Banks,
        Source: DBS; PHOTO: STOCKXCHNG  -  1,046 words
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      225 2 contents 4 Still heading north The current bull run in commodities appears to still have legs 6 A jump before a tumble Oil prices may go as high as US$250 and as low as US$25 8 It pays to go green Gearing socially responsible portfolios towards more financial sustainability 10
      225 words
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      152 3 Discover how opening doors has led to us being named Best Private Bank in Asia i ik. 1 -J Many of our clients are looking for alternative and innovative investments. Our commitment to find these opportunities for our clients has led to us being named Best Private Bank in Asia
      152 words
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      130 5 CREDIT SUISSE Our advice and solutions are as individual as your needs i -i .J r I Credit Suisse. Winner of Euromoney's 2011 Survey: T M "Best Private Bank Globally" for 2 consecutive years in 2010, 2011 "Best Private Bank in Australia" "Best Private Bank in Singapore" for 3 consecutive
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      91 7 We help you to protect, grow and pass on your wealth. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we forge a lasting relationship based on trust and help you build an enduring legacy. Face the future with peace of mind.
      91 words
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      180 9 Success is not a destination. It's a Journey. r /fs Best Private Bank FinanceAsia Awards 2010 Private Bank of the Year Asia Risk Awards 2010 Best Wealth Management House in Asia The Asset's 2010 Triple A Investors and Wealth Managers Awards Best Global Private Bank The Banker and Professional Wealth
      180 words
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      191 13 From all of us, thank yo u. Putting you first is what we do every day. Listening to your goals, understanding your aspirations. Harnessing the power of our global resources and business capabilities, to get you where you want to be. Recognised as 'Best Global Private Bank' in Asia by
      191 words
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      235 15 Unique insights. Perfect balance. I 1U3. At ANZ Private Bank, we appreciate your need to achieve that delicate balance between work and family life. Your advisor will work closely with you to develop an in-depth understanding of your individual requirements in order to deliver truly tailored solutions to enhance and
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      48 19 BSI was established in Lugano, Switzerland in 1873 and today is one of the leading Swiss private banks with over CHF78 billion of assets under management and 2,000 employees globally. In 1998, BSI became part of the Generali Group, one of the world's biggest insurance companies. www.bsibank.com info-sg@bsibank.com
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      80 23 I an BNP Paribas Wealth Management is one of the Largest private banks in the Euro zone. We work with you to help plan and put into effect a st pi rks 1 thoroughly personalised investment strategy that works for you at every stage of your life. Now, more than
      80 words
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      175 25 WORKING TOWARDS ONE GOAL: YOURS PRIVATE BANKING Your private banker works closely with a team of dedicated industry experts developing appropriate solutions to help you manage your wealth and meet your personal objectives. www.privatebanking.societegenerale.asia Societe Generale Private Banking is a part of Societe Generale, Société Anonyme registered in 29 boulevard
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      98 27 H ABNAMRO Private Banking The world may have changed but our commitment to our clients has not. At ABN AMRO Private Banking, we believe some things should remain. Putting our clients' interests atheart. Serving with commitment and passion. Year after year, generation after generation, since 1826 in Asia. Values that
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      263 29 WEALTH MANAGEMENT AIA PLATINUM LEGACY SERIES <s m -8 V L" TH n Your wealth, your family, your enduring legacy As a highly affluent individual, you are empowered to provide a privileged lifestyle for your loved ones. But how can you continue to do so when uncertainties arise? With AIA
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      480 31 11 U aj GLD 10US$ TICKER Babies cry. Dogs bark. Children tug on sleeves. Everyone has their own way of getting attention. SPDR® Gold Shares? Chances are they've already caught your eye. After all, it's well known that our ETF is easy to trade and a cost efficient way to
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      223 39 BANKOFSINGAPORE International Private Banking Having a wealth of expertise has won us the invaluable trust of clients. And the much-valued x Best Private Bank Singapore 2010' award. MM! BEST PRIVATE BANK FOR RANGE OF INVESTMENT PRODUCTS PHILIPPINES. 2010 bHinbblMEB': i r mm ■i« BEST PRIVATE BANK FOR RELATIONSHIP MANAGEMENT PHILIPPINES,
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      149 40 LETTING PASSION BECOME OBSESSION. Allowing a passion to grow into a magnificent obsession is one of life's great pleasures. At Barclays Wealth we provide you with the highest levels of service and expertise, helping you achieve your goals so that you can further enjoy the finer things in life. Call
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