The Business Times, 13 July 2011

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Microfilm: NL31562
Total Pages: 35
1 36 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, July 13,2011
    23 words
  • Article, Illustration
    Lock icon Boardroom income disparity widening: survey
    832 1  -  Calls to review what some call the ‘corporate Gini coefficient’ By JAMIE LEE [SINGAPORE] An interesting disparity is emerging between the salaries of nonexecutive directors and executive ones, a survey of 68 Singapore listings by the Singapore Institute of Directors (SID) showed yesterday. And this
    Sources: Singapore Institute of Directors  -  832 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 HST INDEX 3,077.36 (-40.01) H ST INDEX FUTURES 3,076 (-40) H SIMSCI 356.72 (-5.14) H SIMSCI FUTURES 354.60 (-6.90) FOREX US$ S$ US$ (S$ per US$) 1.231 (US$/S$ per 1.581 1.946 EURO (US$/S$/E) 1.385 1.705 Foreign currency per US$ S$ YEN 79.40 64.50 RM 3.037 2.467 HK$ 7.799
    145 words
  • Article, Illustration
    Lock icon Europe shivers, euro in a tizzy, Asia catches a cold
    546 1  -  By EMILYN YAP [SINGAPORE] Stock markets in Asia and other parts of the world were awash in a sea of red yesterday as the eurozone debt crisis continued to threaten Italy and Spain. The euro lost ground against several Asian
    546 words
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      28 1 EXECUTIVE MONEY ETFs getting more popular with investors PAGE 34 TRANSPORT HUB Strait Talk Back to basics: IMO is about safety of life at sea I PAGE 26
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      12 1 COMPANIES S-chips hammered by Moody’s red flags PAGE 4 8 '*****1 *****4
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      117 1 COMMENTARY A fresh round of Japan bashing PAGE 25 MERGERS Kencana shares rise 5% on buyout offer PAGE 14 Deutsche Bank db.com Central to Asia’s flow markets. Best Global Flow House Euromoney Awards for Excellence 2011 No. 1 Euro USD Rates Euromoney Rates Survey 2011 No. 1 Overall Asian Fixed
      117 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon European bank stocks take a hammering
      760 2  -  Bond default fears mount as investors are concerned crisis may spread to Italy By NEIL BEHRMANN in London THE euro and European stock markets plunged on fears that the debt crisis would spread to Italy and that Greek and potentially Portuguese and Spanish bonds
      AP  -  760 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      561 2 Widening income disparity in the boardroom; survey AN interesting disparity is emerging between the salaries of non-executive directors and executive ones, a survey of 68 Singapore listings by the Singapore Institute of Directors showed yesterday. And this comes amid calls to review Singapore’s “corporate Gini coefficient” or the
      561 words
    • Article, Illustration
      Lock icon Bets don’t pay off for many in Singapore
      691 3  -  They gamble online and in casinos but their losses have widened: report By GRACE LEONG [SINGAPORE] Singaporeans already ranked among the world’s biggest gamblers before Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) opened racked up even more losses in 2010
      AFP  -  691 words
    • Article
      Lock icon Boosted by tourists, Great S’pore Sale rings up robust sales
      488 3  -  By NISHA RAMCHANDANI [SINGAPORE] The Great Singapore Sale (May 27 to July 24) hasn’t drawn to a close just yet but signs point to brisk business this year. According to retailers that BT spoke to, sales have been robust, helped
      488 words
    • Article
      Lock icon Hacking probe costs News Corp dearly
      430 3 Market cap falls US$7b over worries of wider impact Bloomberg [NEW YORK] News Corp’s loss of US$7 billion in market value over four trading days shows investor concerns that a probe into alleged phone hacking by journalists at one London newspaper could have a
      Bloomberg  -  430 words
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      208 2 JERRY LUM Snr Marketing Director, MBA, CES CASH HP: 8288 0098 View: jerrylum.myweb.sg ONE Million Dollar There Are Some Things In Life For Which You'll Never Compromise Your health is clearly one of them, and we understand. That's why Paragon Medical is home to a total of over 60 specialists,
      208 words
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      156 3 toiii Tadi X m 1 Sk, a as STi m ts 35 Si m m m k a§ 3d ■l J# WSssmm^ T*± ii»i; n»i> •>■■ GP GIRARD-PERREGAUX CELEBRATING 220 YEARS PER/?* 95? SO'y <bK 4/VNiVt-V; GIRARD-PERREGAUX 1966 Chronograph Pink gold case, sapphire case back, Girard-Perregaux automatic mechanical movement. Column
      156 words
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  • COMPANY NEWS
    • Article
      Lock icon Moody’s report hits China Fishery, Yanlord stocks
      689 4  -  Little correlation between lower ratings, big red flag number: Moody’s By LYNETTE KHOO TWO S-chips or Singa-pore-listed Chinese companies are among 49 Chinese entities red-flagged by ratings agency Moody’s. And its report released on Monday triggered a market battering of the stocks mentioned,
      689 words
    • Article
      Lock icon KXD Digital sues ex-CEO for over US$200m
      352 4  -  By LYNN KAN CHINESE multimedia firm KXD Digital Entertainment has filed a writ of summons in the High Court of Singapore against its former CEO Liu Fusheng. The writ, filed on Monday this week, seeks damages of US$210.96 million, 197.42 million yuan (S$37.4
      352 words
    • Article
      Lock icon SPH reports Q3 net profit of $114.8m
      528 4  -  By TEH SHI NING SINGAPORE Press Holdings’ (SPH) third-quarter net profit and operating revenue fell 30.2 per cent and 20.8 per cent respectively, due mainly to the absence of contributions from the Sky@eleven development which was completed in May 2010. For the three
      528 words
    • Article
      Lock icon SGX, Nasdaq OMX launch suite of corporate solutions
      488 4  -  By CARINE LEE SINGAPORE Exchange (SGX) yesterday launched a suite of corporate solutions aimed at helping listed companies in Asia to engage their shareholders and global investors in a more impactful manner. Offered in partnership with Nasdaq OMX, the services are developed
      488 words
    • Article
      Lock icon Several factors weighing down SGX share price
      484 4  -  By DICKSON LI THE weak attempts at springing back aside, the stock price of the Singapore Exchange (SGX) has been under downward pressure amid market concerns over its valuation, the global outlook and the structural constraints faced by the local bourse. The counter
      484 words
    • Article
      Lock icon Size doesn’t matter in corporate governance
      679 6  -  3 firms with market cap of under $300m join list of top 20 in latest GTI ranking Reports by KELLY TAY THIS year’s Governance and Transparency Index (GTI) may have seen the usual big players top the list, but three smaller companies with market
      679 words
    • Article
      Lock icon Poor governance: finding the underlying causes
      390 6 THE worst performers in this year’s Governance and Transparency Index (GTI) have also been plagued by serious and in some cases, debilitating financial losses. Just under half of the bottom 20 were S-chips, with accounting scandal-ridden Fibrechem Technologies Ltd rounding up the list. While
      390 words
    • Article, Illustration
      Lock icon It all boils down to the people
      1214 9  -  DBS Group CFO Chng Sok Hui reveals the three mechanisms that the bank uses to manage talent. FINANCE ACROSS BORDERS reports MICHELLE QUAH CHIEF financial officers (CFOs) these days do far more than take care of a company’s financial records; many are right-hand
      FILE PHOTO  -  1,214 words
    • Article
      Lock icon Pension funds diversifying in face of uncertainty
      483 9  -  Alternative assets managed for them globally closing in on US$1 trillion mark By STEPHANIE RIADY ALTERNATIVE assets managed on behalf of pension funds by the world’s top 100 alternative asset managers amounted to US$952 billion in 2010, up 16 per cent from 2009,
      483 words
    • Article
      Lock icon Asia seen nearing pause in monetary tightening
      345 9  -  Credit Suisse also reiterates its neutral rating for Singapore By KELLY TAY WITH growth moderation, peaking inflation and easing energy prices, Asian central banks are nearing a pause in monetary tightening, said analysts from Credit Suisse’s private banking division yesterday. “Entering the third
      345 words
    • COMPANY BRIEFS
      • Article
        Lock icon Noble gets US$3.2b in syndicated loans
        72 9 NOBLE Group has secured a record US$3.2 billion in syndicated loans, up from its target of US$2.25 billion. The facilities comprise a US$1,054.8 million 364-day committed Revolving Credit Facility, a 244.4 million euro 364-day committed Revolving Credit Facility and a US$1,789.2 million three-year committed
        72 words
      • Article
        Lock icon China Enersave narrows Q2 loss
        90 9 CHINA Enersave reported a loss of $50,000 for the second quarter ended June 30, 2011, narrowing from the $2.82 million loss a year ago. Revenue saw a more than three-fold jump from $325,000 to $1.10 million in the second quarter on higher revenue from its
        90 words
      • Article
        Lock icon ST Engg unit gets $65m SMRT bus order
        93 9 ST Engineering’s land systems arm, ST Kinetics, has won a contract worth over $65 million from SMRT Buses, a subsidiary of SMRT Corporation. This is the first city bus contract for ST Kinetics. The contract involves the supply of state-of-the-art low floor
        93 words
      • Article
        Lock icon Tiger reports 9% rise in June passengers
        113 9 BUDGET airline Tiger Airways posted a 9 per cent growth year on year in passenger numbers to 555,000 for the month of June, while its load factor was flat at 86 per cent. “During the month of June, growth in passenger numbers remained
        113 words
      • Article
        Lock icon World Precision to build Shenyang plant
        75 9 CHINA-BASED manufacturer World Precision Machinery will begin construction of its plant in Shenyang City this month. The first phase of building works is expected to be completed within one year. The plant will have an annual production output amounting to 300 million yuan (S$56.8
        75 words
      • Article
        Lock icon KS Energy, partner win US$98m rig contract
        92 9 ENERGY services provider KS Energy and its consortium partner, PT Pertamina Drilling Services Indonesia, have been awarded a US$98 million contract to provide development drilling rig services to a major oil company. KS Energy said yesterday that a formal contract will be signed
        92 words
    • Article
      Lock icon Aberdeen launches third Asian property fund of funds
      285 9 ABERDEEN Asset Management Asia, the Asian arm of Aberdeen Asset Management, yesterday launched its third closed-ended property fund of funds targeting institutional investors. Aberdeen is looking to raise US$300-400 million from investors worldwide. This is in addition to the around US$1 billion
      285 words
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      1044 4 a imiMSiiiiHHSB:*: CMZ HOLDINGS LTD Registration No. *****5314R 3 m s (Incorporated in the Republic of Singapore) (the "Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of CMZ Holdings Ltd. will be held at 168 Robinson Road, Capital Tower, 9th Floor, FTSE
      1,044 words
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      178 5 -fu/frvtm •e^-tve^j. THE NEW CONTINENTAL GT. A FUSION OF EXTREMES. r 7 [i H u M E Ss, 1 NT X >• 4 3 Welcome to a new chapter in the story of Bentley the new Continental GT. Building on the success of its iconic predecessor, this stunning coupe unveils
      178 words
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      2363 6 $[+%?]*)^[,+(`}/:>`-?`!(&<?./'` GP Industries Limited (Incorporated in the Republic of Singapore) Co. Reg. No. *****2128C Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Industries Limited (the “Company”) will be held at Millenia 2, Level 2, The Ritz-Carlton, Millenia Singapore, 7 Raffles Avenue, Singapore
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      57 6 If/ A) Purchase a Hot Room Table-top Email now or SMS us 9018 6099 for more information! w Dispenser and get 8x 10L bottles for FREE* (with one year warranty) <£) *Terms Conditions apply. "Singapore's Favourite Mineral Distilled Water" survey conducted by The Nielsen Company. Wanin Industries Pte. Ltd. 58
      57 words
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      129 7 www.vw. com. sg Passat CC. The 4-door coupe. The sleek 5-seater Passat CC performs exactly like it looks. Part limousine, part coupe, it represents the best of both worlds. It has the aerodynamic design and performance of a sports coupe, while its spacious interior ensures 5 people can travel in
      129 words
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      391 8 GROUP FINANCIAL HIGHLIGHTS 3Q 2011 $’000 3Q 2010 $’000 CHANGE YTD 2011 $’000 YTD 2010 $’000 CHANGE Operating revenue 328,820 414,976 (20.8) 935,357 1,087,646 (14.0) Operating profit# 110,226 176,832 (37.7) 305,421 463,662 (34.1) Net income from investments 23,699 11,742 101.8 40,005 25,399 57.5 Profit before taxation 132,783 189,225 (29.8) 345,044
      391 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks plunge on Europe debt worries
      550 10  -  Weak US economic data hitting Wall Street strengthens sell incentive; STI ends 40 points down STOCKS R SIVANITHY Senior Correspondent THE local stock market took a pounding yesterday as worries intensified that Europe’s debt problems, which started a year ago with Greece and have
      Source: Bloomberg  -  550 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 10 Jul 12 VALUE CLOSE BT OB/OS -87.00-415.00 BT CADI -*****.00-298.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 742.20 -9.11 FTSE ST Small Cap 512.71 -6.88 FTSE ST All Share 753.04 -9.72 FTSE ST China Top 248.38 -4.99 FTSE ST China 286.41 -4.60 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 10 VOLUME Golden Agri 106,075,000 GMG Global 57,733,000 Genting SP 53,946,000 PSL Hldgs 53,049,000 NexGenSCom 51,054,000 CapitaLand 39,715,000 HPH Trust US$ 31,472,000 Yangzijiang 30,165,000 Noble Grp 30,080,000 Cosco Corp 24,502,000 VALUE($) CapitaLand 115,532,270 Genting SP 100,246,165 Keppel Corp 90,732,365 DBS Grp 83,695,731 Golden Agri 73,158,098 SingTel 72,243,550 UOB
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 13 1 0 0 0 1 13 1 Manufacturing 22 107 30 0 5 10 22 112 40 Commerce 6 29 19 0 8 3 6 37 22 Tpt/Stor/Comms 7 28 8
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon DBS Group Holdings
        460 10 July 12 close: $14.71 DMG Partners Research, July 11 WE ARE forecasting DBS Q2 2011 net profit of $720 million, representing a 11 per cent q-o-q decline from Q1’s $807 million. This factors in sequentially lower net trading income and slightly higher provisioning. We see net interest
        Source: Bloomberg  -  460 words
      • Article
        Lock icon Telecoms Sector
        367 10  -  DBS Group Research, July 12 Compiled by LYNN KAN Q2 2011 forecasted earnings should reaffirm the sector’s defensive appeal. M1 is likely to report Q2 earnings of S$42.5 million (0 per cent q-o-q, up 4 per cent y-o-y) on July 14, as its fair value accounting may not
        367 words
      • Article
        Lock icon Glossary:
        138 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        138 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 45,090 45,090 152,619 152,619 Manufacturing 212,662 17,126 229,788 241,077 428 241,504 Commerce 146,981 6,954 153,935 139,697 811 140,507 Tpt/Stor/Comms 181,397 6,410 187,807 284,397 563 284,960 Finance 23,885 23,885 225,772 225,772 Construction 79,796 27,827 107,623 31,111
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 10 Stock name Close Change CapMallsAsia 1.470 -0.015 CapitaLand 2.880 -0.120 CapitaMall 1.890 -0.025 CityDev 10.500 -0.200 ComfortDelGro 1.425 +0.005 DBS Grp 14.710 -0.140 F&N 5.760 -0.160 GLP 2.020 -0.070 Genting SP 1.855 -0.030 Golden Agri 0.690 -0.015 HK Land 6.860 -0.040 JMH 53.400 -1.160 JSH 30.260
      114 words
    • Article, Illustration
      Lock icon Euro sinks to new low vs Swiss franc in Asia
      471 10 CURRENCIES Reuters [TOKYO] The euro was beaten down further in Asia yesterday, plunging to a record low versus the Swiss franc and sinking to a four-month trough against the dollar on growing concerns that the eurozone’s sovereign debt crisis was
      Reuters; REUTERS  -  471 words
    • Article
      Lock icon RISES
      118 10 BY CENTS CLOSE UP IS DJ US Tech 6524 146.4 1.9 DBXT S&P Short 10US$ 4246 97.2 1.9 Lyxor MS India 10US$ 1643 83.7 4.3 DBXT SPASX200 10US$ 3434 27.1 0.6 DBXT MSJAP 10US$ 3915 23.4 0.5 Petra 200 20.0 11.1 JSH 3026 13.5 0.4 CerebosPac 532 10.0 1.9
      118 words
    • Article
      Lock icon FALLS
      122 10 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4568-513.0 -8.4 DBXT Nifty 10US$ *****-446.5 -2.8 DBXT MSKorea 10US$ 6283-335.8 -4.2 DBXT E50 10US$ 4149-312.4 -5.8 CIMBAsean40 100US$ 1065-166.1 -11.3 DBXT MSAsExJp 10US$ 3304-142.7 -3.4 JMH 5340-142.7 -2.1 DBXT FTChina25 10US$ 3019-136.5 -3.5 Lyxor Europe 10 US$ 1287 -81.2 -4.9 Lyxor
      122 words
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      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Clean energy sector to get $195m injection
      468 11  -  Money will go to grants for innovation, R&D, talent development Reports by LYNN KAN THE clean energy industry will receive $195 million over five years to sharpen its capabilities in areas such as smart grids, green buildings and carbon capture and utilisation. More
      468 words
    • Article
      Lock icon 1-2% yearly rise in yuan ‘best for China’s economy’
      336 11  -  By LYNETTE KHOO THE renminbi should be allowed to appreciate by just one to 2 per cent each year as a faster rate could lead to excessive speculative inflows and asset bubbles, Nanyang Technological University economist Yip Sau Leung said yesterday.
      336 words
    • Article
      Lock icon Suzlon may set up R&D centre here
      298 11 ONE of the world’s largest wind players, Suzlon Energy, is exploring setting up a research and development centre in Singapore. If it does, it will join the likes of other wind energy giants Vestas and Gamesa which have done so. Suzlon chairman Tulsi
      298 words
    • Article
      Lock icon Concern, hope about investing in China
      429 11  -  FUTURECHINA GLOBAL FORUM By TEH SHI NING FOREIGN companies feel that China’s investment environment has worsened of late, with more restrictions on foreign enterprise in sectors of competitive concern, American business representatives said at the FutureChina Global Forum yesterday. But some degree of protectionism
      429 words
    • Article
      Lock icon S’pore costlier than HK for expats: survey
      414 11  -  By JASMINE NG SINGAPORE has become costlier for expatriates than Hong Kong because of its strengthening currency, human resource firm Mercer said yesterday. Mercer found in its 2011 Worldwide Cost of Living Survey that the Singapore dollar appreciated against the greenback and other
      414 words
    • Article
      Lock icon Support staff for Lee Kuan Yew, Goh Chok Tong
      434 11  -  Govt says it will help them go about their official duties By LEE U-WEN THE government will continue to provide former minister mentor Lee Kuan Yew and Emeritus Senior Minister Goh Chok Tong with the necessary staff support to carry out
      434 words
    • Article
      Lock icon S’pore now 19th top investor in UK
      540 12  -  It moves up from 27th spot with local firms securing 17 projects, up from 12 By LEE U-WEN IN terms of the number of new investment projects launched, Singapore was placed 19th on the list of top foreign investors in Britain last year,
      540 words
    • Article
      Lock icon Ex-Philip Morris staff loses lawsuit
      199 12 Bloomberg PHILIP Morris International Ltd won a lawsuit in Singapore against a former employee who claimed she was wrongly fired after raising questions about alleged unlawful marketing activities. Chan Miu Yin sued the Singapore unit of the world’s largest publicly traded tobacco company, accusing Philip
      Bloomberg  -  199 words
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      3664 12 MATS L IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg .uuin TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 1 February 2007) (Company Registration No. *****1866W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held
      3,664 words
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  • ECONOMY WATCH
    • Article
      Lock icon Mixed fortunes for distressed BOA mortgagors
      635 13 Bank’s deal means earlier eviction for most but reduced payments for others NYT [NEW YORK] Tens of thousands of Bank of America’s most distressed borrowers could be evicted and lose their homes more quickly as a result of a proposed settlement between the bank,
      NYT  -  635 words
    • Article, Illustration
      Lock icon BOJ keeps policy on hold, raises outlook
      585 13 But it warns of risks at home and from abroad Reuters [TOKYO] The Bank of Japan kept monetary policy on hold and gave a brighter assessment of the economy yesterday, encouraged by a rebound in factory output and increasing signs that the recovery
      Reuters; BLOOMBERG  -  585 words
    • Article
      Lock icon S Korea finds it hard to shake off inflation
      433 13 Reuters [SEOUL] South Korea’s often unpredictable central bank is expected to keep interest rates unchanged at a review this week after a surprise hike last month, but is now increasingly faced with conflicting signs on where Asia’s fourth-largest economy is headed.
      Reuters  -  433 words
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      174 13 hevrolet.com.se 11 1 C if If.I m *.aJE, Wv V-. r J i-7 f fisfe DYNAMIC b X"' L H I. m tt u AH ;v»?i mm IfcS '-4*->«.;-"- CAPTIVA 5 ft Bolder, Stronger, and Better ii -■--£-i o.' The new 2011 Captiva has been re-designed and built to an
      174 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Kencana Petroleum shares rise 5% on buyout offer
      484 14  -  Its merger with SapuraCrest will enable new entity to undertake more complex projects By PAULINE NG in Kuala Lumpur KENCANA Petroleum was one of the top gainers on the Malaysian stock exchange yesterday, rising 5 per cent on the back of a
      484 words
    • Article, Illustration
      Lock icon Indonesia keeps rate unchanged at 6.75%
      607 14 Inflation is likely to remain under control, says the central bank Reuters [JAKARTA] Indonesia’s central bank held its benchmark policy rate at 6.75 per cent yesterday for a fifth straight month as expected, and said inflation is likely to stay under control, implying it
      Reuters; REUTERS  -  607 words
    • Article
      Lock icon Freeport Indonesia workers remain on strike
      406 14 Reuters [TIMIKA, Indonesia] Workers have yet to return to Freeport-McMoRan Copper Gold’s Indonesia mine as they wait for the outcome of further talks between the union and the firm’s local CEO before ending their strike, union officials told Reuters yesterday. A late-night deal was
      Reuters  -  406 words
    • Article
      Lock icon Veteran lawyer Raja Aziz Addruse dies at 75
      213 14 Bernama [KUALA LUMPUR] Raja Aziz Addruse, one of Malaysia’s most respected lawyers, died yesterday at his residence in Bukit Tunku here. He was 75. Raja Aziz, who hailed from Chemor, Perak, had recently sought treatment in Singapore for a can-cer-related ailment and
      Bernama  -  213 words
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      2452 14 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg GP BATTERIES INTERNATIONAL LIMITED (Company Registration No.: *****2111N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GP Batteries International Limited (“the Company”) will be
      2,452 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China bank lending quickens in June
      545 15 Analysts see more monetary tightening ahead; forex reserves hit record US$3.2t Reuters [BEIJING] China’s bank lending and money growth expanded faster than expected in June as loan demand remained buoyant, adding to the case for further monetary policy tightening. Coming days after news that
      Reuters  -  545 words
    • Article, Illustration
      Lock icon India’s May industrial growth lags
      476 15 Lower-than-forecast 5.6% rise is slowest in nine months Reuters [NEW DELHI] India’s industrial output in May rose at a much slower than expected pace, indicating taut monetary policy and high inflation were acting as brakes on the economy, although the central bank is still expected
      Reuters; REUTERS  -  476 words
    • Article
      Lock icon Moody’s report sends Chinese bonds tumbling
      506 15 Reuters [HONG KONG] Bonds of Chinese companies mentioned in a Moody’s report highlighting governance and accounting risks tumbled yesterday even as analysts and investors maintained that the issues are well known and do not bring to light any new credit concerns. The report comes
      Reuters  -  506 words
    • Article
      Lock icon Infosys posts 15.4% rise in Q1 profit
      144 15 AP [NEW DELHI] Infosys yesterday reported a 15.4 per cent rise in first-quarter profit in dollar terms, missing expectations and sending its stock down by nearly 6 per cent. The Indian software services bellwether was hit by higher wages which could not be
      AP  -  144 words
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      2580 15 ALMATY Beijing Seoul Bangkok Kuala Lumpur* Air Astana connects Far South East Asia to Kazakhstan 12 times a week (5 times a week from Beijing, 2 times a week from Seoul, 3 times a week from Bangkok, twice a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways
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  • WORLD
    • Article, Illustration
      Lock icon Portugal slump to deepen as austerity bites
      455 16 Bloomberg [LISBON] Portugal’s economy will shrink more than forecast this year and contract in 2012 as the austerity measures that were required for an international bailout take hold, the country’s central bank said. Gross domestic product will shrink 2 per cent this year
      Bloomberg; REUTERS  -  455 words
    • Article
      Lock icon Italy, Spain try to calm market storm
      641 16 Italian PM urges Parliament to adopt austerity measures quickly AFP [MILAN] Italian Prime Minister Silvio Berlusconi yesterday urged Parliament to adopt sweeping budget cuts quickly, as Italy and Spain moved to stem financial market contagion from Greece’s debt crisis. “We are on the
      AFP  -  641 words
    • Article
      Lock icon May trade gap widest since October 2008
      583 16 LATEST US DATA Reuters AP [WASHINGTON] The US trade gap widened sharply in May to its highest level in 31 months as surging oil prices helped push imports to a near record and exports fell slightly from April’s record high. The trade deficit
      Reuters; AP  -  583 words
    • Article
      Lock icon Murdoch makes a ‘smart move’ for public outcry to subside
      783 17 He gets BSkyB bid sent to regulators for review, which may take up to a year Bloomberg AFP Reuters [LONDON] News Corp bought itself time to weather the furore over phone hacking at the now-defunct News of the World by
      Bloomberg; AFP; Reuters  -  783 words
    • Article
      Lock icon Shareholders want Murdoch to drop newspapers
      572 17 They feel papers have been a drag on firm’s stock price Reuters [NEW YORK] About 18 months ago, one of News Corp’s leading shareholders had a meeting with Rupert Murdoch and his son James, and implored them to get rid of the newspaper business
      Reuters  -  572 words
    • Article, Illustration
      Lock icon Cisco to cut 14% of workforce
      529 20 About 10,000 jobs will be slashed in order to revive profit growth Bloomberg [SAN FRANCISCO] Cisco Systems Inc, the largest net-working-equipment company, may cut as many as 10,000 jobs, or about 14 per cent of its workforce, to revive profit growth, according to two
      Bloomberg  -  529 words
    • Article, Illustration
      Lock icon Brazil stops supporting Carrefour-GPA merger
      369 20 The plan has been opposed by French retailer Casino Reuters [LONDON] Brazil withdrew its support for a controversial merger between the French group’s Brazilian business and local retailer Grupo Pao de Acucar (GPA) sending Carrefour shares plunging more than 3 per cent yesterday. The plan,
      Reuters; AFP  -  369 words
    • Article
      Lock icon NZ govt faces huge debt repayment in Nov
      239 20 Xinhua [WELLINGTON] The New Zealand government is facing its biggest ever debt repayment in November and has been“ hoarding cash” to cover it, Radio New Zealand reported yesterday. The government would have to pay 7.6 billion NZ dollars (S$7.61 billion) on Nov
      Xinhua  -  239 words
    • Article
      Lock icon Apple, Samsung fight over electronics patents
      557 21 But their quarrel only means more business for Hynix Semiconductor, Intel, TSMC, Toshiba and Micron Reuters [SAN FRANCISCO] An intensifying quarrel between Samsung and Apple is triggering expectations that some of the pairs’ US$5 billion-plus relationship may be up for grabs. With the electronics
      Reuters  -  557 words
    • Article
      Lock icon No end in sight to Minnesota shutdown
      325 22 Reuters [MINNEAPOLIS] The Minnesota state government shutdown marked its 11th day on Monday with no new talks planned between political leaders. The state’s new fiscal year began on July 1 without a temporary spending plan or budget to close a projected US$5 billion
      Reuters  -  325 words
    • Article, Illustration
      Lock icon Yingluck unveils minimum wage plan
      486 22  -  Daily pay to rise to 300 baht in Jan; businesses to have adjustment period By LEE U-WEN [SINGAPORE] Thai Prime Minister-elect Yingluck Shinawatra has announced plans to raise the country’s minimum wage to 300 baht (S$12.13) a day starting next January. Her Puea Thai party,
      AP  -  486 words
    • Article
      Lock icon Starbucks revamps company structure
      431 22 It wants to reap 50% of its revenue from int’l markets Reuters [SAN FRANCISCO] Starbucks Corp unveiled a reorganisation on Monday that chief executive Howard Schultz hopes will help the coffee chain reach its goal of one day getting half of its revenue from abroad. Starbucks
      Reuters  -  431 words
  • Page 16 Advertisements
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      2412 16 WATS NOTICES BUY IT• SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg SUNLIGHT SUNLIGHT GROUP HLDG LTD (Incorporated in the Republic of Singapore under the Companies Act, Cap. 50) Company Registration No. *****6046G NOTICE OF TWELFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of
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      603 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UGLAND BROVIG TANKERS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6903E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 159 Telok Ayer Street Singapore *****4 on the 5th day
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      2563 17 I-Hr HEART NEWS PULSE f 3 P I I -E GNC PREVENTIVE NUTRITION french pine bark f r* >■ PC'Coenzyme Q-10 150 mg French Pine Bark Extract Coenzyme Q-10 For Healthy Heart, Cholesterol Triglycerides Promotion Now On. 0 6281 5688 www.gnc.com.sg LIVE WELL )`$(&~?|"-@`[,_^!"?[:/"=%>,~-,. Notice of Annual General Meeting Company
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      981 18/19 f- Scaling The Peak Of Sustainability Excellence i S m The Singapore Sustainability Awards (SSA) is an initiative of the Singapore Business Federation and comprises the Sustainable Business Awards (SBA) and the Green IT Awards (GIT). Inaugurated in 2010, the awards recognize companies that adopt class-leading innovative and sustainable business
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      2842 20 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Singapore Shipping Corporation Limited Company Registration No. *****1332G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the 23 rd Annual General Meeting of Singapore Shipping Corporation Limited (the "Company") will be held
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      1763 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg TUNG LOK RESTAURANTS (2000) LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****5703N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVENTHAT the 11th Annual General Meeting of TUNG LOK RESTAURANTS (2000) LTD will be held at Orchard Parade Hotel, 1Tanglin
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      2514 21 ,~""/]".@_*~]{}.`^}+)"^!^;[[>;- stratech STRATECH SYSTEMS LIMITED (Incorporated in Singapore) (Co. Reg. No: *****8251Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STRATECH SYSTEMS LIMITED (the "Company") will be held at the Boardroom, Stratech Systems Limited, 2 International Business Park #06-20/35, Tower 2, The Strategy,
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      2270 22 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES JAPAN FOODS HOLDING LTD. (Company Registration No. *****2314M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Japan Foods Holding Ltd. (“Company”) will be held at “Tokyo Walker”, 68 Orchard
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      296 22 THE SME MAGAZINE PRESENTS The Economy Your Business What headwinds ahead do companies face? Get a better picture of how the next 12 to 18 months will pan out. Hear from two of Singapore’s top economists as they share their outlook on how the wider picture can impact local businesses
      296 words
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      2128 23 BAN LEONG TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****3898C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ban Leong Technologies Limited (the “Company”) will be held at 150 UbiAvenue 4, Level 4, Singapore *****5 on Thursday, 28 July
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      3700 23 TRITECH GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****9330R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 3rd Annual General Meeting of the Company will be held at 31 Changi South Avenue 2 Singapore *****8 on Thursday, 28 July 2011 at 9.00 a.m.
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  • EDITORIAL & OPINION
    • Article
      Lock icon Vital to boost investor confidence
      493 24 EDITORIAL THERE’S a delicate balancing act involved when trying to develop a market on the one hand while protecting the interests of investors on the other. Impose too much regulation and companies and investors could respond by taking their business elsewhere, but not having enough
      493 words
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      Lock icon Beijing should be more open towards the media
      783 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FOR a change, the media itself is in the spotlight these days. The scandal over the illegal hacking of mobile phone messages by
      783 words
    • Article, Illustration
      Lock icon Greek saga a replay of Argentinian drama?
      1021 24  -  If Greece is forced to leave euro zone after a messy default, its nominal GDP may be halved By DANIEL GROS in Brussels The writer is director of the Center for European Policy Studies Project Syndicate ONCE upon a time, there was a
      Project Syndicate; AFP  -  1,021 words
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      Lock icon A fresh round of Japan bashing
      1399 25  -  Indictment of Japanese companies in McKinsey’s ‘controversial’ report seems too sweeping to be wholly credible ANTHONY ROWLEY Tokyo Correspondent WHAT a curious love-hate relationship America has with “Japan Inc” the monolith seen through the eyes of a different culture to constitute the nation’s business
      REUTERS  -  1,399 words
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      Lock icon Working towards regional growth
      684 25  -  By SURIN PITSUWAN, MUHAMAD NOOR Muhamad Noor is the executive director of the Apec Secretariat in Singapore. Surin Pitsuwan is the secretary-general of the Asean Secretariat in Jakarta ASIA-PACIFIC is leading global growth as a result of the active participation by the region’s diverse producers, suppliers,
      AFP  -  684 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Back to basics: IMO is about safety of life at sea
      834 26  -  And the Titanic’s 100th anniversary next year is ideal for reinforcing that message STRAIT TALK By DAVID HUGHES IN RECENT years, many International Maritime Organization (IMO) discussions have been on environmental issues. Next week, the agency’s Marine Environment Protection
      834 words
    • Article
      Lock icon Essar Shipping to expand supertanker fleet
      411 26 It hopes to gain as India hauls more oil from Latin America [NEW DELHI] Essar Shipping, controlled by billionaire Ruia brothers, plans to add as many as a dozen se-cond-hand supertankers to benefit from Indian refiners’ rising need to haul crude oil from Mexico
      411 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 26 SGX '000 Jul 12 S$ +/-Vol CH Offshore 0.42 unch 337 Chuan Hup Hldg 0.25 -0.01 1091 Cosco Corp 1.82 -0.05 ***** CWT Ltd 1.30 -0.03 2776 Ezra Hldgs 1.50 -0.06 4467 First Ship Lea 0.35 0.01 61 Freight Links 0.06 unch 4531 Grand Banks unch unch 0
      278 words
    • Article, Illustration
      Lock icon China says aircraft carrier for training purposes only
      522 26 Reuters [BEIJING] China’s first aircraft carrier, a retrofitted ship bought from Ukraine in 1998, is expected to be mainly used for training purposes and could begin sea trials within a few weeks, a state-run newspaper reported yesterday. The former Soviet carrier Varyag,
      Reuters; REUTERS  -  522 words
    • Article
      Lock icon Vale gets first Chinese mega iron ore carrier
      329 26 Reuters [SINGAPORE] Brazilian mining firm Vale SA has received its first Chinese-built mega bulk carrier, swelling what will be an unprecedented fleet linking the world’s biggest iron ore producer with its biggest client, China. The arrival of the 400,000-tonne vessel, Vale China,
      Reuters  -  329 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Qantas expected to cut overseas flights
        762 27 Aim is to stanch losses from international routes, say analysts Bloomberg [CANBERRA] Qantas Airways may cut routes and seek tie-ups with competitors as Australia’s largest carrier works to reverse losses at its international business, according to analysts. The airline may stop flying to South
        Bloomberg; AP  -  762 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3304 27 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 LH9770 2350 --SQ279 2350 VS7279 2350 Ahmedabad SQ531
        3,304 words
      • Article
        Lock icon Boeing may not gain from initial tanker deal
        446 27 Development costs of US$600m to be shifted to taxpayers Reuters [WASHINGTON] Boeing Co’s winning bid for the US Air Force’s fiercely contested transport aircraft development deal means it likely will show no profit in the programme’s first phase and shift US$600 million
        Reuters  -  446 words
      • Article
        Lock icon A380 fleet buys fully funded: Emirates
        704 27 Bloomberg [DUBAI] Emirates, investing in a wide-body jet fleet including 90 Airbus SAS A380 superjumbos worth US$34 billion at list prices, said financing the planes isn’t a concern and that it’s fully funded through July 2012. A US$1 billion bond issue last month was
        Bloomberg  -  704 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Brazil to hold 2 bids for high-speed rail
        681 28 First phase is for core technology, second phase for infrastructure Reuters AFP [SAO PAULO] Brazilian officials said on Monday that they would hold two separate bids for a high-speed rail line between Rio de Janeiro and Sao Paulo, a project worth some
        Reuters; AFP; REUTERS  -  681 words
      • Article
        Lock icon Tata mulls Indonesian plant for Nano
        324 28 Indian company has done feasibility studies: minister AFP [JAKARTA] Indonesia yesterday said that Indian car giant Tata Motors was considering using the country as a base to manufacture its low-cost Nano car. The company has been carrying out feasibility studies in Indonesia over the
        AFP  -  324 words
      • Article, Illustration
        Lock icon Volkswagen H1 sales exceed 4m vehicles
        397 28 Bloomberg [BERLIN] Volkswagen AG, Europe’s largest automaker, said global first-half deliveries exceeded 4 million cars and sport-utility vehicles for the first time, powered by demand in all markets. Sales at VW’s namesake car division rose 12 per cent in the first six months of
        Bloomberg; AP  -  397 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      311 27 CRYPTIC CROSSWORD Across 1 Second couple hugging little darling (7) 5 Cover up leak (7) 9 It’s not a radio broadcast, love (9) 10 Lincoln popularly tackling American exploitation (5) 11 Spades and bucket turned over for games (5) 12 Bright tail of parrot fish catching glint (9) 13 Spend
      311 words
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      2552 28 :*ATci I F Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES NEW WAVE HOLDINGS LTD. (Incorporated in the Republic of Singapore) Company Reg. No. *****6870Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting ("AGM") of New Wave Holdings Ltd. (the "Company") will be held at
      2,552 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8325 29 Transaction date: Jul 12 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 -0.5 50 15.5 15.5 15 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.1 -0.3 70
      8,325 words
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      Lock icon SGX CATALIST
      1493 30 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 3.6 4.3 19 3.9 202 139 t APStrategic 139 122 141 82.5 1.5 0.2 t Advanced System 0.3
      1,493 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9968 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.13/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.73/ Aberdeen Asset Mgt Asia Limited American Opp 0.6619/ Asian Credit Fund
      9,968 words
    • Article
      Lock icon GLOBALQUOTE
      230 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 -3 2 43 43 43 48 3.6 8.1 3.4 112 55 18.5 Genting HK US$ US37.5 -1.5 ***** 39 37 37.5 38 2469.2
      230 words
    • Article
      Lock icon SGX ETF
      904 30 52-Wk Last Vol Day last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113.5 -1 141 115 113.5 113.1 115.5 518.1 1207 872 CIMBAsean40 100US$ US1065 -135 91 1078 1044 1063 1070 42.6
      904 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 31 In local curr In S$ In US$ dy yr dy yr dy yr Jun 11 Index Change Change Change Change Change Change World Index Preliminary 908.3 -1.6 1.2 -1.5 -1.4 -2.0 2.8 EAFE Preliminary 778.5 -1.6 -2.8 -1.9 -3.7 -2.4 0.4 Europe Preliminary 1143.0 -1.9
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 31 CRUDE OIL PRODUCTS Jul 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.65 -1.40 WTI (Near Mth) 94.95 -1.33 Dubai (1-Mth F) 110.62 -0.59 Tapis blend 122.03 -0.14 Minas 118.23 -0.14 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.72 -2.39 Jet Kerosene 129.55 -1.15 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 31 Jul 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1352.50 1352.00 1359.25 1343.75 Aug 11 1346.50 1346.75 1356.75 1338.00 Sep 11 1344.50 1345.00 1355.00 1335.25 Nov 11 1347.00 1346.50 1356.75 1337.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.20
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 31 Jul 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 13.10.2011 0.30 0.26 0.24 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 103.75 103.8 103.74 5-Year N*****0W 1.125 01.04.2016 101.68
      83 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 31 Jul 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5550 0 5771 Dec11 99.4600 0 3786 Mar12 99.4350 0 1578 Jun12 99.3850 0 637 EUROYEN TIBOR FUTURES Sep11 99.6625 99.6625 99.6625 99.6625 0 1332 Dec11 99.6600 0 1392 Mar12 99.6550 99.6550 99.6550 99.6525 10 1823
      460 words
    • Article
      Lock icon SICOM FUTURES
      183 31 Jul 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 457.0 456.5 457.0 14 180 Sep 11 457.0 457.0 457.0 20 401 Oct 11 462.0 462.0 462.0 4 410 Nov 11 462.0 462.0 462.0 4 363 Dec
      183 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      75 31 As on 11 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1549.4 1543.6 1546.1 1528.8 Silver Cash Sep-11 35.76 35.76 35.76 35.755 CURRENCY Euro-US Dollar Sep-11 1.4175 1.3963 1.3973
      75 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Jul 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.347 1.271 Can dollar 1.29 1.241 Euro 1.753 1.686 Sterling pound 1.988 1.912 NZ dollar 1.04 0.991 US dollar 1.244 1.197 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 31 Jul 12 Open High Sett STI Jul 3076 SIMSCI Jul 361.5 361.5 354.6 Taiwan Jul 301 301.3 294.3 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2530 31 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 26 5.45 34 ASJ Hldgs W*****1 0.6 -0.9 115 1 4 10 7.00 7 AlliedTech W*****2 1.9 1 4 28 Asia Water Tech Ltd W*****8
      2,530 words
    • Article
      Lock icon INTERBANK RATES
      184 31 Jul 12 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.40 0.30 6 months 0.52 0.42 9 months 0.75 0.50 12
      184 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 31 Jul 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.029 6.826 0.761 8.224 47.181 90.445 0.837 11.246 3.202 1.296 90.551 45.563 1.298 7.296 0.882 30.490 32.108 0.667 1.054 Canada 0.972 6.635
      462 words
    • Article
      Lock icon SIBOR
      85 31 Jul 12 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 31 Jul 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2968 1.2984 1.0542 1.0547 Canadian dollar 1.2605 1.2620 1.0247 1.0251 Euro 1.7042 1.7057 1.3854 1.3855 NZ dollar 1.0004 1.0019 0.8133 0.8138 Sterling pound 1.9445 1.9465 1.5808 1.5811
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Jul 12 S$ Bid Offer 1-month 1.2301 1.2311 2-months 1.2300 1.2310 3-months 1.2299 1.2310 6-months 1.2293 1.2303 Source: OCBC
      22 words
    • Article
      Lock icon PRECIOUS METALS
      139 31 Jul 12 GOLD (US$/oz) Jul 11 Jul 12 Hong Kong 1547.60 1546.50 Jul 08 Jul 11 London 1541.28 1545.29 1542.09 1546.10 Source: Thomson Reuters CAST BAR Jul 12 (S$) Selling Buying Kilobar "65,748.29" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 418 307 10gm 747
      139 words
    • Article
      Lock icon LONDON METALS
      71 31 Jul 11 Jul 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2447.00 2505.00 3 months 2478.00 2535.00 Copper, Grade A (US$/tonne) Cash 9549.00 9644.00 3 months 9570.00 9661.00 Lead (US$/tonne) Cash 2665.75 2709.75 3 months 2676.00 2719.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      82 31 Jul 11 COCOA (£/tonne) Close Prev High/Low Jul 11 1905 1926 1928/1903 Sep 11 1933 1944 1954/1929 Dec 11 1962 1967 1985/1956 Mar 12 1977 1984 1999/1973 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2314 2397 2374/2320 Sep 11 2354 2437 2420/2341 Nov 11 2382 2466 2456/2370 Jan 12
      82 words
    • Article
      Lock icon PALM OIL
      65 31 Jul 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3050 3050 3050 3050 170 933 Aug 11 3068 3044 3068 3044 824 ***** Sep 11 3058 3034 3058 3031 ***** ***** Oct 11 3055 3031
      65 words
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  • Article
    Lock icon SHIPPING TIMES
    5458 32 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 JIMRISE Muscat/Sharjah/Doha/Dammam JIMFLUSH
    5,458 words
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  • executive Money
    • Article, Illustration
      Lock icon ETFs getting more popular with investors
      1247 34 They are varied and suit any investment strategy but it’s advisable to avoid products with a narrow focus NYT [NEW YORK] EXCHANGE-TRADED funds have clearly come of age. These funds, which now boast nearly US$1.2 trillion in assets, popped up at a pace of
      NYT; AFP  -  1,247 words
    • Article, Illustration
      Lock icon Seeking income in unexpected places
      1243 35 The pickings for investors looking for gains in the usual places are slim, but there are fatter alternatives that some fund managers recommend NYT [NEW YORK] THE Federal Reserve says that it’s winding down its quantitative easing programme, but it makes no such claims for
      NYT; BLOOMBERG  -  1,243 words
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      1403 34 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SHANGHAI ASIA HOLDINGS LIMITED (Company Registration Number: *****9262D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Shanghai Asia Holdings Limited (the “Company”) will be held at Sheraton Towers Singapore, 39
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      1570 35 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES CHINA ESSENCE GROUP LTD. (Incorporated in the Cayman Islands on 15 August 2005) (Company Registration No. CT-*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Suntec Singapore International Convention Exhibition
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