The Business Times, 19 July 2011

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Microfilm: NL31563
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, July 19, 2011
    24 words
  • Article, Illustration
    Lock icon Ghosts may not vanish after seventh-month blip
    931 1  -  Developers brace for usual slowdown, but property market problems run deeper than that By KALPANA RASHIWALA [SINGAPORE] The Hungry Ghosts may provide their usual scare, but the real menace for developers lurks deeper. They could be sailing into a perfect storm. Even before
    Source: Urban Redevelopment Authority/Colliers International Research  -  931 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 HST INDEX 3,078.95 (-5.29) H ST INDEX FUTURES 3,078 (-5) H SIMSCI 356.39 (-1.56) H SIMSCI FUTURES 356.70 (-1.90) FOREX US$ S$ US$ (S$ per US$) 1.219 (US$/S$ per 1.610 1.963 EURO (US$/S$/E) 1.405 1.712 Foreign currency per US$ S$ YEN 79.00 64.80 RM 3.015 2.473 HK$ 7.796
    143 words
  • Article
    Lock icon Banks trip over Europe’s ‘loose’ stress tests
    623 1  -  Bank stocks, euro hit by ‘optimistic’ EBA conclusions By NEIL BEHRMANN in London EUROPEAN bank stocks and the euro dived as growing numbers of analysts concluded that the European Banking Authority’s (EBA) stress test report was far too sanguine. The EBA contends that
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      603 2 Ghosts may not vanish after seventh-month blip THE Hungry Ghosts may provide their usual scare, but the real menace for developers lurks deeper. They could be sailing into a perfect storm. Even before this month kicks off on July 31, several other factors are already weighing down private
      603 words
    • Article, Illustration
      Lock icon Disappointing June exports wrap up a weak quarter
      552 2  -  Year-on-year growth last month comes in at an anaemic 1.1% By CHUANG PECK MING [SINGAPORE] June’s non-oil domestic exports proved disappointing, even after the sombre GDP estimates released last week had tempered expectations. It wrapped up a weak quarter when the NODX
      Source: IE Singapore  -  552 words
    • Article, Illustration
      Lock icon SIA appoints CEO for new low-fare airline
      534 2  -  He has been with the SIA Group for more than 15 years By VEN SREENIVASAN [SINGAPORE] Singapore Airlines has appointed New Zealander and Singapore permanent resident Campbell Wilson as the founding CEO of its no-frills, low-fare airline which is set to be launched
      534 words
    • Article, Illustration
      Lock icon Japan equities rising more than others
      668 2 [TOKYO] Equities in Japan are rising more than any other developed country on speculation that earnings will improve as the country recovers from its strongest earthquake. The Nikkei 225 Stock Average climbed 2.9 per cent since the start of June, posting the biggest increase
      REUTERS  -  668 words
    • Article
      Lock icon Correction
      34 2 IN yesterday’s issue of The Business Times, the month in the edition date on the front page was incorrectly printed as Monday, June 18, 2011. It should have been Monday, July 18, 2011.
      34 words
    • Article, Illustration
      Lock icon Sports and businesses can have win-win tie-ups
      757 4  -  Minister urges companies to adopt a sport as part of their CSR efforts By LEE U-WEN [SINGAPORE] The sporting scene in Singapore is entering a new paradigm in the coming years and businesses here will get every chance to boost not just their
      KEVIN LIM/THE STRAITS TIMES  -  757 words
    • Article, Illustration
      Lock icon Parliament convened as two police officers quit
      737 4 Cameron cuts short S Africa visit to address house AP [LONDON] The spreading phone hacking and police bribery scandal forced two of Britain’s top police officers to resign in less than 24 hours, leading Prime Minister David Cameron to call for an emergency
      AP; REUTERS  -  737 words
    • Article, Illustration
      Lock icon Republican leaders have ruled out default: Geithner
      621 4 Bloomberg [WASHINGTON] US Treasury Secretary Timothy Geithner said Republican leaders have ruled out the possibility of defaulting on the nation’s financial commitments as the Obama administration negotiates with lawmakers to raise the US$14.3 trillion debt limit. “There’s no plausible way to run the
      Bloomberg; BLOOMBERG  -  621 words
    • Article
      Lock icon Seatown co-CEOs Nasser Ahmad, Charles Ong quit
      348 4 Ong will continue to be Snr MD of special projects at Temasek Bloomberg planned departures yesterday. Bloomberg, Reuters [SINGAPORE] Charles Ong and Nasser Ahmad are quitting as co-chief executive officers of Seatown Holdings Pte, the global investment company of Singapore’s Temasek Holdings Pte,
      Bloomberg; planned departures yesterday. – Bloomberg, Reuters  -  348 words
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      Lock icon Page 3 Advertisements Column 1
      1305 3 Advertising Feature Invest in the future of healthcare As the prime Novena precinct takes shape as Singapore's top healthcare hub, medical professionals are rapidly flocking to establish a foothold in the area. Billions of dollars are being poured into developing state-of-the-art facilities in Novena, solidifying its reputation as the strongest
      1,305 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon K-Reit Asia’s distributable income up 19.7% in Q2
      414 5  -  It will pay up to A$169.8 million for stake in Sydney office building By EMILYN YAP K-REIT Asia yesterday reported a higher distributable income for the second quarter and said it is buying a stake in an office building in Australia for
      414 words
    • Article
      Lock icon A-Reit’s DPU down 5% with more units issued
      360 5  -  By CARINE LEE ASCENDAS Real Estate Investment Trust (A-Reit) has reported a 4.4 per cent year-on-year rise in total amount available for distribution to $65.9 million for its first quarter ended June 30, 2011. But the industrial Reit’s distribution per unit (DPU)
      360 words
    • Article
      Lock icon K-Green Trust posts Q2 profit of $4.4m
      230 5  -  By LYNN KAN K-GREEN Trust registered profit after tax of $4.4 million for its second quarter ended June 30. Profits for H1 were $7.9 million, 16.9 per cent higher than the projected $6.8 million. Q2 revenue was $25.9 million while revenue for the
      230 words
    • Article
      Lock icon Sembcorp completes first phase of Oman project
      312 5  -  By RONNIE LIM SEMBCORP Industries has completed the first phase of its US$1 billion Salalah independent water and power plant (IWPP) in Oman in time to help meet the surge in power demand there over the summer. This comes 16 months after it
      312 words
    • Article
      Lock icon Yangzijiang shares dive to a 13-month low
      466 7  -  Plunge could be due to weak outlook for bulk carriers and eurozone debt crisis By JOYCE HOOI YANGZIJIANG Shipbuilding Holdings’ stock price hit a 13-month low yesterday, losing 5.7 per cent or 7.5 cents in heavy trading and closing at $1.235. Even as
      466 words
    • Article, Illustration
      Lock icon Hup Soon secures distributorship for 2 tractor brands
      410 7  -  By VEN SREENIVASAN CATALIST-listed equipment specialist Hup Soon Global Corp has secured distributorship for two established brands of agricultural tractors for Thailand. The new distributorships for US-made Massey Ferguson and Kioti, which is made by Korea’s Daedong Industrial Co, are expected to
      410 words
    • Article
      Lock icon GLP signs lease with DHL’s Japan unit
      173 7  -  By TEO SI JIA LOGISTIC facility provider Global Logistic Properties Limited will be leasing another property to DHL Group’s Japanese subsidiary DHL Supply Chain. In their third contract, the two logistics companies have signed a long-term lease agreement that will see DHL-SC occupying
      173 words
    • Article
      Lock icon Indonesia-based Malacca Trust launches IPO
      532 8  -  Catalist-bound shares offered at 22 cents each By KELLY TAY MALACCA Trust Ltd, an Indone-sia-based financial services group, has launched its initial public offering (IPO) for a Catalist listing. This makes it the fifth company to do so this year. The group is offering 85
      532 words
    • Article
      Lock icon Mermaid may get boost from affiliate’s listing
      352 8  -  Asia Offshore Drilling will be able to clinch more jobs By LYNN KAN THE listing of Mermaid Maritime’s jack-up drilling affiliate Asia Offshore Drilling (AOD) on Oslo’s bourse may be a “catalyst” for Mermaid’s stock. The participation of Seadrill, the world’s second largest
      352 words
    • Article
      Lock icon UOB to up number of private bankers
      159 8 Bloomberg [SINGAPORE] United Overseas Bank Ltd (UOB) plans to increase the number of private bankers it employs by fivefold in the next five years. The bank intends to expand headcount from 40 to about 200 people, Wilson Aw, executive director of UOB and
      Bloomberg  -  159 words
    • Article, Illustration
      Lock icon Tee Int’l full-year profit rises 52.2%
      409 8  -  By JASMINE NG HELPED by a robust order book from the engineering division and greater contribution from the integrated real estate segment, Tee International posted net profit of $17.31 million for the full year ended May 31, 2011, up 52.2 per cent from the
      YEN MENG JIIN  -  409 words
    • Article
      Lock icon Hong Kong investors steer clear of ‘listings by introduction’
      846 8 Trading activity has been weak, with zero trades for some Reuters [HONG KONG] Investors aren’t buying the string of companies listing in Hong Kong through a rare method involving a market debut without raising money. The method is technically known as
      Reuters  -  846 words
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      Lock icon Page 5 Advertisements Column 1
      315 5 An Invitation to the Business Meeting Programme A 25-member Women Entrepreneurs' Business Mission from Malaysia to Singapore will take place from 24 to 26 July 2011. The objective of the mission is to explore trade opportunities and strengthen the business relationships established among the business communities, particularly women entrepreneurs from
      315 words
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      Lock icon Page 5 Advertisements Column 2
      172 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of
      172 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US, Europe debt clouds loom large
      522 6  -  ST Index falls 5.3 points, with loss limited by gains in Jardine group and Wilmar STOCKS VEN SREENIVASAN Senior Correspondent THE gloom emanating from the debt battle in Washington and the sovereign debt crisis in Europe yesterday enveloped the market and sent investors scurrying
      Source: Bloomberg  -  522 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 6 Jul 18 VALUE CLOSE BT OB/OS -741.00-217.00 BT CADI -*****.00-187.00 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 728.64 -6.98 FTSE ST Small Cap 504.96 -5.51 FTSE ST All Share 750.46 -2.63 FTSE ST China Top 241.16 -2.95 FTSE ST China 282.55 +0.59 FTSE ST Catalist
      64 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME 800 Super 134,304,000 Golden Agri 54,144,000 Genting SP 47,114,000 Ezra 37,108,000 Noble Grp 36,099,000 Thai Beverage 36,084,000 EuNetworks 24,984,000 Yangzijiang 23,888,000 BerlianLaju 23,583,000 PSL Hldgs 22,658,000 VALUE($) Genting SP 86,836,890 Wilmar 79,583,160 Noble Grp 63,015,960 UOB 45,968,490 Ezra 45,885,095 DBXT MSAsExJp 10US$ 44,713,201 SingTel 43,258,150 800
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 2 0 0 0 2 10 2 Manufacturing 42 81 45 5 7 10 47 88 55 Commerce 12 36 14 2 7 4 14 43 18 Tpt/Stor/Comms 10 23 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Property
        383 6  -  Compiled by LYNN KAN CIMB Research, July 15 PRIVATE home sales appeared to have moderated in June with 1,182 units (excluding executive condominiums or ECs) sold, up 40 per cent y-o-y (compared with May’s 46 per cent) but down 25 per cent m-o-m. Take-up rate of launched units
        Source: Bloomberg  -  383 words
      • Article
        Lock icon Glossary:
        137 6 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,
        137 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,063 26,063 63,260 63,260 Manufacturing 204,485 18,130 222,615 217,763 462 218,225 Commerce 112,592 5,252 117,844 151,498 560 152,058 Tpt/Stor/Comms 150,575 2,186 152,761 196,477 269 196,747 Finance 11,778 11,778 117,111 117,111 Construction 42,462 31,025 73,487 14,447
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.450 -0.005 CapitaLand 2.900 -0.020 CapitaMall 1.930 +0.015 CityDev 10.190 -0.290 ComfortDelGro 1.410 -0.005 DBS Grp 14.710 -0.040 F&N 5.720 -0.030 GLP 1.960 -0.030 Genting SP 1.830 -0.040 Golden Agri 0.695 +0.005 HK Land 6.810 +0.130 JMH 54.560 +0.060 JSH 31.280
      113 words
    • Article
      Lock icon Swiss franc hits new high vs euro, dollar
      462 6 CURRENCIES Reuters [NEW YORK] The euro fell yesterday, hitting a record low against the Swiss franc and dropping against the yen on concerns that the eurozone debt crisis will only get worse in the near term. The dollar also hit a record
      Reuters  -  462 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 608.0 3.9 GLD 10US$ ***** 192.5 1.0 Jardine C&C 4638 102.0 2.2 OCBC Bk 5.1%NCPS 100 ***** 89.0 0.8 DBXT DBCBDJUBS 10US$ 3838 80.4 1.7 DBXT DBCBLEB 10US$ 2292 29.2 1.1 SIA.ES.1107 1447 23.0 1.6 DBXT MSMSIA 10US$ 1354 21.9 1.3
      109 words
    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6348-114.5 -1.5 DBXT E50 10US$ 4176 -86.5 -1.7 DBXT Nifty 10US$ ***** -51.2 -0.3 DBXT FTChina25 10US$ 3036 -42.7 -1.1 DBXT MSAsExJp 10US$ 3354 -35.3 -0.9 DBXT STGLDv100 10US$ 2939 -30.5 -0.8 CityDev 1019 -29.0 -2.8 Lyxor Malaysia 10US$ 944 -28.0 -2.4
      119 words
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      97 6 12 B V LG A R I CALIBRO 303 t; a t —»I HI /.JU.N r sp CD o s> J s SWfs 5 MAO? V x B V LG A R I z o u < u TAK ASH I MAYA PARAGON SHOPPING C THE NEW DIAGONO CALIBRO 303
      97 words
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      296 8 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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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Aim is for more flats in each BTO launch: Khaw
      448 9  -  Minister believes ‘sufficient critical mass’ will raise applicants’ chances of selecting a unit By EMILYN YAP THE Housing Development Board (HDB) will be rolling out more new flats at a go to raise home seekers’ chances of selecting a unit,
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  448 words
    • Article
      Lock icon Delayed petrochem project set to take off
      480 9  -  By RONNIE LIM CONSTRUCTION of Singapore’s next big petrochemical project, Jurong Aromatic Corporation’s long-delayed US$2.4 billion complex, will finally get underway next month. “Preparatory work for construction has started and official groundbreaking is planned for the end of August,” JAC’s newly-ap-pointed CEO Mehdi
      480 words
    • Article
      Lock icon Singapore as a candy hub? Yes, says Kraft
      385 9  -  By ENYA LIM KRAFT Foods is planning to make candy big in Singapore. Having invested a cumulative sum of $5.3 million into a local facility for candy research and innovation, the multinational giant has announced its intention to transform Singapore into a
      385 words
    • Article
      Lock icon S’pore, Aussie public service leaders to meet
      198 9 PUBLIC service leaders from Australia are meeting their Singapore counterparts here to exchange insights and perspectives on public sector challenges facing both countries. The inaugural Austra-lia-Singapore Public Service Roundtable, which will be held today and tomorrow, will see 10 representatives from each country
      198 words
    • Article, Illustration
      Lock icon AXA opens new offices, looks to grow presence here
      366 9  -  By MINDY TAN AXA consolidated its life and general insurance business units at AXA Tower, with the official opening of its offices yesterday. According to John Dacey, AXA group vice-chairman for Asia-Pa-cific, this move underscores the company’s long term commitment to
      LIANHE ZAOBAO  -  366 words
    • Article
      Lock icon Client’s bid to move UBS lawsuit to Australia fails
      543 9  -  Bank seeks to recover $12.6m from Telesto By GRACE LEONG A HIGH Court judge has dismissed efforts by a former client of UBS AG to force the Zurich bank’s Singapore office to have its $12.6 million lawsuit heard in Australia instead
      543 words
    • Article
      Lock icon Arts scene gets more vibrant
      184 9 WITH an average of about 92 arts activities daily last year, the local arts and culture scene is more vibrant than before. Latest figures released by the Ministry of Information, Communications and the Arts yesterday show that there has been a 16 per cent increase
      184 words
    • Article
      Lock icon Asia is fine but watch Europe: UOB
      516 9  -  By SIOW LI SEN ASIA will be fine despite higher inflation and financial instability in the west as policy makers are very proactive, said United Overseas Bank economists. But the risk of contagion from the euro debt crisis is there. They added that
      516 words
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  • ECONOMY WATCH
    • Article
      Lock icon Slower growth seen in key Asian economies
      633 10 Economists expect little risk of severe downturn, but say biggest worry is inflation stays hot as growth slows Reuters [SINGAPORE] Asia’s major economies are set for a modest slowdown in coming months, while next year’s growth prospects hinge on how quickly inflation cools
      Reuters  -  633 words
    • Article, Illustration
      Lock icon Australian consumer slump spills into credit markets
      500 10 Bloomberg [SYDNEY] A drop in Australian consumer demand that sparked the biggest weekly slump in retail stocks in more than two years is spilling into the nation’s credit markets. The cost to protect the bonds of mall owner Westfield Group jumped to an
      Bloomberg; BLOOMBERG  -  500 words
    • Article
      Lock icon Gillard stands firm on carbon tax plans
      332 10 AFP [SYDNEY] Australian Prime Minister Julia Gillard vowed to stand firm on her controversial carbon tax plans yesterday despite the first poll since the levy was announced showing support for her Labor party plunging. Ms Gillard unveiled a tax on the nation’s top
      AFP  -  332 words
    • Article
      Lock icon Traders betting on Swiss franc to grow more
      573 10 Bloomberg [EDINBURGH] Even after making the Swiss franc the most over-valued major currency, traders are betting on more strength as the European Union’s sover-eign-debt crisis begins to infect bigger economies. The franc rose to a record yesterday against the dollar, euro and
      Bloomberg  -  573 words
    • Article
      Lock icon New Zealand inflation hits 21-year high
      422 10 Annual price gain of 5.3% raises chance of rate hike this year Reuters [WELLINGTON] New Zealand’s annual inflation rate hit a 21-year high in the June quarter, with data showing underlying pressures are building, raising the chance of a rate increase this year. The
      Reuters  -  422 words
    • Article
      Lock icon Merkel calls for creation of European ratings agency
      260 10 AFP [BERLIN] German Chancellor Angela Merkel called on Sunday for the creation of a European ratings agency, on the back of recent discontent over the downgrading of some EU economies. “It is important in the medium term that Europe also has a
      AFP  -  260 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia looks at limits on bank ownership
      621 11 Meanwhile, M’sia may allow region’s banks to open more branches in future Reuters [JAKARTA] Indonesia’s central bank is studying limits on ownership in commercial banks, at a time when investor interest in buying stakes in local lenders has picked up given the strong
      Reuters  -  621 words
    • Article, Illustration
      Lock icon BI ‘most predictable Asian central bank’
      446 11 Least predictable, in terms of rate moves, is BNM: Credit Suisse [KUALA LUMPUR] Ever wondered which is the most predictable central bank in Asia as far as monetary policy rate decisions are concerned? It is Bank Indonesia (BI), said Credit Suisse economist Robert Prior-Wandes-forde
      446 words
    • Article, Illustration
      Lock icon Citi scams won’t affect Indonesia’s pull
      841 11 IHT [JAKARTA] When they first became public, the scandals that have affected Citigroup in Indonesia seemed perfectly calibrated to stir fascination and anger in a country that had for years been a particularly bright spot in the rapidly growing banking sector in emerging economies
      IHT; BLOOMBERG  -  841 words
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      258 11 Prepare for a Bull Run Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices *4- I MATS I NOTICES 5j MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF
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      213 11 Call Ms Serene: 6100 0080 LIC NO. L*****63G ive |Buy! [Beautiful House@.0l THE LEADING'BUNGALOW.SPECIALIST Brand New! D9/D10/D11 (Several Units!) Land *****,*****,*****, ***** Built ***** nooosf Priced to Sell! Road ££5150.8:6800 (•losing Soon! (Sol nt) IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NEW STAR
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      192 11 In the matter of The Companies Act, Cap. 50 And In the Matter of ASIA FORTIS PTE LTD (Company No. *****2317D) (Incorporated in the Republic of Singapore) NOTICE TO CREDITORS OF MEETING Notice is hereby given, pursuant to Section 296 of the Companies Act, Cap. 50, that a meeting of
      192 words
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      298 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINGTAI ENTERPRISES PTE LTD (Co. Reg. No.: *****2153G) (In Member’s Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 8 October 2010 the following resolutions were duly passed: Special resolution 1. That
      298 words
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      290 11 (Business Trust Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Unit Transfer Books and Register of Unitholders of K-Green Trust
      290 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Fitch warns of weaknesses in Chinese firms
      646 12 Chinese firms at above average risk of being accused of fraud, says report AFP Reuters [BEIJING] Ratings agency Fitch warned yesterday of “widespread weaknesses” in Chinese corporate governance anda lack of “quality information” for shareholders after a spate of accounting scandals overseas. Chinese
      AFP; Reuters  -  646 words
    • Article, Illustration
      Lock icon China’s big banks busy hoarding cash
      811 12 They are preparing for the day when borrowers default Reuters [BEIJING] While investors fret about a jump in bad loans from China’s local government entities, the country’s so-called “Big Four” banks are busy squirreling money away for the day when borrowers start defaulting in
      Reuters; BLOOMBERG FILE PHOTO  -  811 words
    • Article
      Lock icon China’s moderating growth to aid inflation fight
      428 12 Reuters [BEIJING] China’s blistering economic growth rate is seen cooling a touch in coming quarters as foreign demand for its exports eases, helping inflation to gradually retreat, a Reuters poll of economists shows. But Beijing may welcome the gentle slowdown as a sign
      Reuters  -  428 words
    • Article
      Lock icon 65 diamonds found in street search after Mumbai blasts
      378 12 AFP [MUMBAI] Scores of diamonds have been found on the devastated streets of Mumbai’s precious stone trading hub which was targeted in last week’s triple bombing, an industry group said yesterday. Teams of workers found the stones after picking through the
      AFP  -  378 words
    • Article
      Lock icon Hanlong makes A$1.2b bid for rest of Sundance
      253 12 Bloomberg [SYDNEY] Sichuan Hanlong Group offered A$1.2 billion (S$1.6 billion) in cash for the rest of Sundance Resources Ltd to gain control of the Australian company’s iron ore project in West Africa. Hanlong, which owns 18.6 per cent of Sundance, offered 50
      Bloomberg  -  253 words
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      1079 12 NOTICES BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOTUS BAKERIES ASIA PACIFIC PTE LTD (In Members' Voluntary Liquidation) Reg No. *****8024H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed
      1,079 words
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  • WORLD
    • Article, Illustration
      Lock icon Murdoch in struggle to control News Corp
      903 13 Board directors question response to crisis and mull leadership change Bloomberg Reuters [NEW YORK] News Corp’s Rupert Murdoch is struggling to control the destiny of the company he began building six decades ago after a trusted deputy was arrested and Scotland Yard’s top
      Bloomberg; Reuters; BLOOMBERG  -  903 words
    • Article, Illustration
      Lock icon Cameron defends ties as police chief quits
      463 13 Bloomberg [LONDON] UK Prime Minister David Cameron defended his links to former News of the World editor Andy Coulson after Britain’s most senior police officer resigned amid the phonehacking scandal at the Rupert Murdoch newspaper. Mr Cameron has cut short his visit to
      Bloomberg; AP  -  463 words
    • Article, Illustration
      Lock icon James Murdoch has proved himself in BSkyB role
      379 13 REUTERS BREAKINGVIEWS [LONDON] James Murdoch shouldn’t be kicked out of BSkyB. Some observers want to use the Murdoch clan’s troubles at News International, their UK newspapers company, to run them out of town completely. But BSkyB, the pay-tele vision group, is a
      REUTERS  -  379 words
    • Article
      Lock icon Murdoch paper out to oust govt: Australian minister
      684 13 Reuters [CANBERRA] Australia’s government yesterday accused a tabloid paper in Rupert Murdoch’s media empire of campaigning for “regime change”, as lawmakers weigh up a possible review of media laws in the wake of the worsening UK phone hacking scandal. Communications Minister Stephen
      Reuters  -  684 words
    • Article, Illustration
      Lock icon Japan beats US to win women’s World Cup
      781 14 It is the first time in 26 matches that Japan has prevailed against the US Reuters [FRANKFURT] Japan won the women’s World Cup on Sunday for the first time, stunning the heavily favoured United States 3-1 on penalties after a 2-2 draw
      Reuters; REUTERS  -  781 words
    • Article, Illustration
      Lock icon Elite all-men’s club of Fifa execs under scrutiny
      1010 14 Questions swirl over bribes, favours and impartiality NYT [PARIS] The titans of international soccer are used to pampering. Motorcades. Police escorts. Five-star hotels. Lavish dinners. Cash allowances of US$500 a day, and an additional US$250 for their wives or girlfriends. The 24
      NYT  -  1,010 words
    • Article
      Lock icon Perseverance pays off for the Japanese team
      591 14 Reu ters [TOKYO] It was a case of “anything you can do, I can do better” for Japan’s women footballers as they defied the odds to lift the World Cup just six months after the country’s men had captured a record fourth Asian
      Reuters  -  591 words
    • Article
      Lock icon US politicians bicker over economic laws that don’t exist
      596 15 Lack of clear mainstream a cause of standoff between White House, Republicans NYT [WASHINGTON] The politicians grappling over how to pay the nation’s debts have been contributing to the heat of summer with back-and-forth charges that their opponents are disregarding the
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    • Article
      Lock icon Investors testing EU resolve to contain debt crisis
      700 15 Italian, Spanish bond yields pushed to near 7%, the tipping point to seek aid Bloomberg [LONDON] Investors are testing Europe’s resolve to end the sovereign debt crisis by pushing Italian and Spanish bond yields toward levels that forced Greece, Ireland and Portugal
      Bloomberg  -  700 words
    • Article, Illustration
      Lock icon No Najafi bid so Borders may be sold to liquidators
      446 15 Bloomberg [NEW YORK] Borders Group Inc, the bankrupt bookstore chain, faces a sale to liquidators after Najafi Cos declined to bid. “We will not, reluctantly,” be making a bid, said chief executive officer Jahm Najafi. Najafi had made an offer
      Bloomberg; AFP  -  446 words
    • Article
      Lock icon Twitters and app makers – partners or competitors?
      479 15 Twitters and app makers partners or competitors? NYT [NEW YORK] The relationship between Twitter and the outside developers that build its apps is a little like the one between sharks and the small fish that latch onto their backs beneficial for both, until it isn’t. Lately it has hit rough
      NYT  -  479 words
    • Article
      Lock icon Confidence rises among homebuilders in July
      418 15 The index of sales expectations hits a three-month high LATEST US DATA Bloomberg [WASHINGTON] Confidence among US homebuilders improved in July from a nine-month low as executives turned less pessimistic on the outlook for sales. The National Association of Home Build-ers-Wells Fargo sentiment index
      Bloomberg  -  418 words
    • Article, Illustration
      Lock icon Bank of America may have to build US$50b capital cushion
      765 16 It has to work to meet new required capital ratios amid housing losses Bloomberg [NEW YORK] Bank of America Corp may have to build its capital cushion by US$50 billion and renege again on chief executive officer Brian Moynihan’s pledge
      Bloomberg; AP  -  765 words
    • Article
      Lock icon Eurozone wants to tax banks: report
      296 16 This is to help pay for rescue of indebted Greece AFP [BERLIN] The 17 eurozone countries want to impose a tax on banks to involve the private sector in paying for the rescue of indebted Greece, according to German daily Die Welt. The tax
      AFP  -  296 words
    • Article
      Lock icon Deutsche Bank launches index for offshore yuan bonds
      438 16 Reuters [HONG KONG] Deutsche Bank launched an investable index tracking a basket of offshore yuan-denomi-nated bonds yesterday, indicating foreign investors’ growing hunger for such assets. The index will allow sizeable passive funds to enter the growing dim sum bond market and will
      Reuters  -  438 words
    • Article, Illustration
      Lock icon Falling corn prices spur farmers to expand hog herds
      610 16 Bloomberg [CHICAGO] The biggest slump in corn in three years may mean the end of record pork prices as cheaper feed spurs farmers to expand hog herds for the first time since 2007. Corn-feed prices dropped to a six-month low on
      Bloomberg; AFP  -  610 words
  • Page 13 Advertisements
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      18 13 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices NOTICES
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      133 13 FlexMe Office Space Solutions f M Cybercentre The Green Smart Office Address that works whenever you do GTower offers you a Grade A++ commercial space within the Kuala Lumpur City Centre (KLCC) business district. We are Malaysia's first Green building (Singapore BCA Green Mark Gold) and built to MSC Malaysia
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      22 14 The NEW TQOltf Android app i qV3EHI00«7S BEST MUSIC THE MARRIED MEN weekdays from 6am s«t* DOWNLOAD IT FREE AT RADI09I3.COM NOW!
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      71 14 Choice I jO, w ilMjiJtabla heaR 1BEAX c l .-.-.ogi> nisiHttM no strike takes Stumpy as* jnti<o" u P*~*' r ..t iryjuptc^*^ WoridWP g|J© -is 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.
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  • AVIATION
    • Article
      Lock icon Demand drivers for airlines in Asia ‘sound’
      354 17  -  Lui Tuck Yew also calls for joint efforts to further boost Changi’s position By NISHA RAMCHANDANI [SINGAPORE] While airlines have to contend with challenges such as rising fuel prices, they can still expect increasing air traffic demand as the underlying demand drivers in
      354 words
    • Article
      Lock icon Hail damage scrubs more United flights
      159 17 AP [DENVER] United Airlines cancelled 13 more departures from Denver International Airport on Sunday while it inspected aeroplanes for damage from last week’s hailstorm. United spokesman Mike Trevino said he didn’t know if any Sunday arrivals were cancelled because of the hailstorm, which struck
      AP  -  159 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3270 17 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad SQ530 1855 Amsterdam LO4031 0545
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      Lock icon AMR sets stage for Airbus-Boeing rivalry
      1042 17 Talks with Airbus on big order boost risks for Boeing Reuters [CHICAGO] American Airlines, which once pledged loyalty to Boeing Co, has let Airbus back into the room for negotiations on a potentially huge contract that could have far-reaching implications for the plane makers
      Reuters; BLOOMBERG  -  1,042 words
    • Article
      Lock icon ICAO finds progress in Indonesia aviation: minister
      261 17 Xinhua [JAKARTA] International Civil Aviation Organization (ICAO) has found progress in Indonesia’s aviation, still it asks the country to boost air navigation services, Indonesian Transport Minister Fredy Numberi said here yesterday. The minister made the statement after meeting ICAO president Roberto Kobeh Gonzales.
      Xinhua  -  261 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      321 17 CRYPTIC CROSSWORD Across 1 Blimey! Free gold in passage (8) 9 Work out tax (8) 10 Couch in terms of antitheses (4) 11 No more men? It’s bad, but temporary lapse (6,6) 13 A cop duo’s excited by TV series (8) 15 Room available for hire, accommodating one (6) 16
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  • Article
    Lock icon SHIPPING TIMES
    3074 18 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
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      57 18 WEST RIVER Your Total Logistics Solution Partner International door to door services Worldwide Ocean Freight Transhipment Management Warehousing Overseas distribution centre International airfreight Customs clearance WEST RIVER HAS THE ANSWER The West River Logistics Pte. Ltd. 105 Cecil Street, #07-01 The Octagon, Singapore *****4 Tel: (65) 6224 3348 4826 Fax:
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      12 18 PLACE YOUR AD HERE BUSH TIMES M CALL JOE WONG AT *****327
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  • SHIPPING
    • Article
      Lock icon Drewry, Cleartrade to launch container index in Sept
      238 19 Reuters [SINGAPORE] Drewry Shipping Consultants and Cleartrade Exchange will launch a Europe-based container index in September, providing weekly freight rates that shippers can use to hedge against future risk, though top companies will likely not participate. Maersk Line, the world’ top container
      Reuters  -  238 words
    • Article, Illustration
      Lock icon S Korea leads global shipbuilding market
      407 19 S Korea shipbuilders grabbed orders for all but 7 new drill ships globally in H1 Bernama [SEOUL] South Korea regained its status as the world’s leading shipbuilding nation in the first half of this year, by securing orders for 224 ships, totalling 8.92 million
      Bernama; BLOOMBERG  -  407 words
    • Article, Illustration
      Lock icon Maersk bags US$126m US Navy contract
      238 19 It will service the navy’s Military Sealift Command Reuters [COPENHAGEN] Maersk Line, Limited, a US unit of Danish shipping and oil group AP Moller-Maersk, has won a contract worth up to US$126 million to provide transport services to the US Navy and Marines. Maersk
      Reuters; BLOOMBERG  -  238 words
    • Article
      Lock icon Hudong-Zhonghua to build 4 LNG carriers
      152 19 Reuters [HONG KONG] Shanghai’s Hudong-Zhonghua Shipbuilding has signed orders to build four liquefied natural gas (LNG) carriers worth about US$1 billion from joint ventures of Japan’s Mitsui OSK Lines (MOL), its first major LNG export orders, a newspaper reported yesterday. Ship brokers said the
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    • Article
      Lock icon TRANSPORT ST0CKS
      278 19 SGX '000 Jul 18 S$ +/-Vol CH Offshore 0.42 unch 26 Chuan Hup Hldg 0.25 unch 1077 Cosco Corp 1.73 -0.03 9403 CWT Ltd 1.24 -0.04 1543 Ezra Hldgs 1.21 -0.11 ***** First Ship Lea 0.35 0.01 57 Freight Links 0.06 unch 1177 Grand Banks unch unch 0
      278 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The fallout from the Murdoch empire crisis
      959 20  -  Stricken are the credibility of Murdoch and News Corp’s management, and press freedom NEIL BEHRMANN London Correspondent THREE major themes come to mind with regard to the Murdoch empire’s scandal. First, Rupert Murdoch’s power and credibility has taken perhaps an irretrievable knock in
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      Lock icon Dealing with over-the-top compensation demands
      748 20  -  THE BOTTOM LINE JOCHEN WIRTZ Jochen Wirtz is associate professor in the department of marketing and founding director of the UCLA-NUS Executive MBA programme, NUS Business School. He specialises in services marketing. Janet R McColl-Kennedy of the University of Queensland collaborated in this research. It
      748 words
    • Article
      Lock icon Taming the Digital Universe
      535 20 EDITORIAL INFORMATION is doubling every two years and this year, 1.8 zettabytes (which is equivalent to 1.8 trillion gigabytes) of data will be created in the Digital Universe. It’s difficult to understand such big numbers without comparisons. One good one would be that this is equivalent
      535 words
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      Lock icon Kicking the deficit-cutting can down the road to Election Day
      1503 21  -  Both US parties need to find a way to square the debt-ceiling circle through some legislative trick and political gimmicks LEON HADAR Washington Correspondent US President Barack “No-Drama” Obama tends to refrain from employing hyperbolic language in discussing policy issues.
      AP  -  1,503 words
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      Lock icon EU again signals its lack of interest in Asia
      753 21  -  Protocol-conscious Asians feel snubbed as no high-level representative will go to ARF SHADA ISLAM Brussels Correspondent THE European Union’s (EU) failure to send a high-level representative to the Asean Regional Forum (ARF) this week is a major political embarrassment for the
      AFP  -  753 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8357 22 Transaction date: Jul 18 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 13.2 8Telecom 14.5 +1.3 30 14.5 13.5 14.5 16 7.8 4.2 3 69.4 12 4.5 A-Sonic 6.6 -0.4 80
      8,357 words
    • Article
      Lock icon SGX CATALIST
      1580 23 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 34 26.5 t 800 Super 26.5 -5 *****4 34 26.5 26 26.5 9.1 47.4 5.5 3.7 t AA Grp 3.7 3.7 4 17.6 3.6
      1,580 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9950 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ 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 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6385/ Asian Credit Fund
      9,950 words
    • Article
      Lock icon GLOBALQUOTE
      230 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 42 46.5 3.6 8.1 3.4 112 55 18.5 Genting HK US$ US38.5 -0.5 6100 39 38 38.5 39 2535 21 10 OGL Resources
      230 words
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      Lock icon SGX ETF
      889 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 116 114.5 116.5 529.5 1207 872 CIMBAsean40 100US$ US1078 1076 1084 43.1 350 290 DBS STI ETF 100 312 unch
      889 words
  • Page 22 Advertisements
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      34 22 3C INSTRUMENTS FOR PROFESSIONALS' 1 TEL +65 6732 6347 WWW.BREITLING.COM v^. '4 I S*,. a/w 2SS %> J -<%> w, Si %3 I Mr IERT NITSCH. AIRLINE PILOT. DEEPSEA DIVER. EXTREME RECORD BREAKER. CHRONOMAT SGD 11,310*
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 15 Index Change Change Change Change Change Change World Index Preliminary 899.3 0.1 0.2 0.0 -2.6 0.0 2.4 EAFE Preliminary 767.2 -0.3 -4.2 -0.3 -4.7 -0.3 0.2 Europe Preliminary 1127.5 -0.4
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jul 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.41 0.65 WTI (Near Mth) 97.41 1.66 Dubai (1-Mth F) 110.48 -1.63 Tapis blend 121.58 -1.88 Minas 117.78 -1.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.72 -0.95 Jet Kerosene 128.85 -1.35 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SICOM FUTURES
      147 24 Jul 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 471.0 470.0 470.0 68 160 Sep 11 470.0 470.0 470.0 20 384 Oct 11 472.0 472.0 472.0 5 416 Nov 11 379 Dec 11 485 Jan 12
      147 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      60 24 As on 15 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 1583.6 1577.7 1580.5 1586.3 CURRENCY Euro-US Dollar Sep-11 1.4153 1.4065 1.4096 1.4142 Aust-US Dollar Sep-11 1.0572 1.0572 1.0572
      60 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Jul 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1385.75 1382.00 1397.00 1376.50 Sep 11 1383.00 1379.75 1394.00 1374.25 Nov 11 1387.00 1384.00 1398.50 1378.25 Jan 12 1395.75 1392.25 1406.25 1387.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 57.35
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      85 24 Jul 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 20.10.2011 0.26 0.23 0.23 1-Year BY*****X 02.05.2012 0.37 0.3 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.9 103.94 103.94 5-Year N*****0W 1.125
      85 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      442 24 Jul 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5650 0 6062 Dec11 99.4550 0 4697 Mar12 99.4100 0 1578 Jun12 99.3650 0 1984 EUROYEN TIBOR FUTURES Sep11 99.6625 0 1332 Dec11 99.6600 0 1392 Mar12 99.6550 0 1823 Jun12 99.6475 0 1374 Sep12 99.5800
      442 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jul 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.337 1.262 Can dollar 1.3 1.25 Euro 1.751 1.684 Sterling pound 2.002 1.925 NZ dollar 1.06 1.01 US dollar 1.237 1.19 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Jul 18 Open High Sett STI Jul 3078 SIMSCI Jul 358.4 359.9 356.7 Taiwan Jul 297 297.8 294.1 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2540 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 20.5 -5 5 1 150 23 6.78 34 ASJ Hldgs W*****1 0.6 1 4 10 7.00 7 AlliedTech W*****2 1.9 1 4 28 Asia Water Tech Ltd W*****8
      2,540 words
    • Article
      Lock icon INTERBANK RATES
      182 24 Jul 18 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75 0.55 12
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 Jul 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 6.862 0.755 8.271 47.302 90.849 0.838 11.256 3.198 1.256 91.560 45.653 1.293 7.371 0.864 30.699 31.908 0.659 1.061 Canada 0.983 6.742
      462 words
    • Article
      Lock icon SIBOR
      85 24 Jul 18 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Jul 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2923 1.2943 1.0606 1.0613 Canadian dollar 1.2702 1.2714 1.0424 1.0425 Euro 1.7115 1.7132 1.4046 1.4048 NZ dollar 1.0287 1.0302 0.8442 0.8448 Sterling pound 1.9617 1.9636 1.6099 1.6102
      154 words
    • Article
      Lock icon US$/S$ FORWARD
      2 24
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    • Article
      Lock icon RATES
      20 24 Jul 18 S$ Bid Offer 1-month 1.2185 1.2195 2-months 1.2184 1.2195 3-months 1.2183 1.2194 6-months 1.2175 1.2186 Source: OCBC
      20 words
    • Article
      Lock icon PRECIOUS METALS
      142 24 Jul 18 GOLD (US$/oz) Jul 15 Jul 18 Hong Kong 1578.00 1600.40 Jul 14 Jul 15 London 1583.45 1589.20 1584.25 1589.95 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Jul 18 (S$) Selling Buying Kilobar "66,907.10" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 62 5gm 426
      142 words
    • Article
      Lock icon LONDON METALS
      69 24 Jul 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2463.25 2476.50 3 months 2494.00 2507.00 Copper, Grade A (US$/tonne) Cash 9651.25 9609.50 3 months 9672.00 9630.00 Lead (US$/tonne) Cash 2695.50 2653.00 3 months 2708.00 2665.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 24 Jul 15 COCOA (£/tonne) Close Prev High/Low Sep 11 1992 1976 2008/1960 Dec 11 2020 2007 2035/1996 Mar 12 2036 2026 2050/2019 May 12 2043 2034 2050/2026 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2231 2261 2255/2225 Sep 11 2276 2306 2314/2266 Nov 11 2310 2337 2346/2300 Jan 12
      82 words
    • Article
      Lock icon PALM OIL
      65 24 Jul 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3141 3090 3152 3085 848 8538 Sep 11 3132 3085 3148 3077 5455 ***** Oct 11 3128 3078 3140 3068 ***** ***** Nov 11 3130 3075
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  • SME Inc
    • Article, Illustration
      Lock icon Stationery with an edge
      1322 25  -  Menlon Agency banks on the basic principle of sourcing for reliable manufacturers that can produce high-grade stationery, reports DICKSON LI reports DICKSON LI ALL pieces of stationery are equal, but some pieces are more equal than others. For the past 35 years, Menlon Agency managing director
      YEN MENG JIIN  -  1,322 words
    • Article
      Lock icon How to close a business properly
      516 25 ASK NUS PROFS Q: I started a Web business with three friends while we were students in university. Now that all of us have graduated and are building our careers, we find it a challenge to maintain it and would like to fold it
      516 words
    • Article, Illustration
      Lock icon New technology to fight grease
      749 26  -  Blue Sky Engineering’s Grease Termix aims to help businesses to save on water and energy bills, reports ENYA LIM reports ENYA LIM THE mouth-watering aroma of freshly cooked beef patty wafts tantalisingly, gorgeously meaty and inviting all at once. Yes, the end culinary product is
      ARTHUR LEE  -  749 words
    • Article, Illustration
      Lock icon Homegrown firm becomes global design giant
      680 26  -  Space Matrix is now a $100m business employing over 400 By MINT KANG WHEN Shagufta Anurag started a three-person interior design business in a Haji Lane office 10 years ago, she was thinking mainly of doing something a little different from what she had
      YEN MENG JIIN  -  680 words
    • Article, Illustration
      Lock icon Putting customers back into the mix
      1067 27  -  Skin Inc’s expansion into regional and European markets just three years into its operations is due to its customer-driven branding concept and reliance on research, reports IDAYU SUPARTO reports IDAYU SUPARTO IDAYU SUPARTO BUILDING a following in the beauty industry is an uphill task,
      ARTHUR LEE  -  1,067 words
    • Article, Illustration
      Lock icon From muruku to futuristic green vehicles
      585 27  -  Yuen brothers hope to solve problem of charging network By TAM YU LING GO-GETTING brothers Ivan and Irving Yuen seem to embody the new generation of “serial entrepreneurs” who continuously have new ideas for businesses. Already on their third business venture, they believe in
      ARTHUR LEE  -  585 words
    • Article
      Lock icon External factors weigh on portfolio
      452 27  -  By TEH HOOI LING EXTERNAL macro uncertainties continued to weigh on the market, resulting in our small cap portfolio sliding by 2.1 per cent in the last two weeks. It proved more resilient than the blue chip Straits Times Index which dropped 2.4 per cent.
      452 words
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      Lock icon Page 25 Advertisements Column 1
      242 25 I NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School lanyang EXECUTIVE EDUCATION <L:: i I i Li SPRING-NANYANG SME Hi-Potential Leadership Programme Developed in collaboration with SPRING Singapore, this leadership programme is designed to empower middle managers to move into senior positions and take on leadership roles in various areas of management.
      242 words
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  • Page 26 Advertisements
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      259 26 ■K%H GIFTS PREMIUMS FAIR Singapore Gifts Premiums Fair 12 th Singapore International Trade Exhibition for Promotional, Corporate, Incentive and Retail Gifts www.SGPFair.com Stationery&OfficeLink Of T J Gil I N. 1/ 11 th Singapore International Trade Exhibition for STATIONERY L I IN IN Office Products and Stationery www.SOLFair.com 20 -22 July
      259 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      38 27 Raffles Conversations A collection from the Business Times 52 interviews by The Business Times journalists The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age Available at all leading bookstores
      38 words
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  • PROPERTY
    • Article
      Lock icon Plaza Centres JV completes US$1.4b buy
      256 28 Investment firm plans to delist EDT’s shares from the Australian exchange Reuters [LONDON] Shopping centre investor Plaza Centres said its bid for the US$1.4 billion EDT Retail Trust, via a joint venture, had concluded and that it would compulsorily acquire the 3.6 per cent
      Reuters  -  256 words
    • Article
      Lock icon Ayala Land to develop property, SM questions deal
      409 28 Reuters [MANILA] The Philippines’ top property firm, Ayala Land Inc, said yesterday it had a deal with a provincial government to develop a 7.7 hectare property, but rival SM Prime Holdings Inc said the award was invalid. Ayala Land, a unit of
      Reuters  -  409 words
    • Article, Illustration
      Lock icon Egyptian millionaire transforms a rocky Swiss village into luxury playground
      627 28 Apartments are being sold for one million Swiss francs AFP [ANDERMATT, Switzerland] In a country where rolling meadows and snow-capped peaks are a common sight, Andermatt, with its massive concrete military compound, is hardly a popular tourist destination. But with
      AFP  -  627 words
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