The Business Times, 27 July 2011
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2011-07-27
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The Business Times
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Title Section23 2011-07-27 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, July 27,201123 words
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793 2011-07-27 1 MICHELLE QUAH - Accountants Act being reviewed to stay ahead of game By MICHELLE QUAH [SINGAPORE] Singapore is reviewing its Accountants Act, for the first time in seven years, to ensure that the regulatory framework for public accountants remains relevant. The review could lead793 words
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Article, Illustration891 2011-07-27 1 LEE U-WEN - George Tanasijevich gets the top job and is eyeing parcels of land near IR to stay ahead of demand By LEE U-WEN [SINGAPORE] Marina Bay Sands (MBS) has again called on the Singapore government to make available several adjacent plots ofYEN MENG JIIN - 891 words
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Article144 2011-07-27 1 GST INDEX 3,186.57 (+15.02) G ST INDEX FUTURES 3,184 (+16) G SIMSCI 369.25 (+2.06) G SIMSCI FUTURES 368.10 (+1.30) FOREX US$ S$ US$ (S$ per US$) 1.203 (US$/S$ per 1.634 1.966 EURO (US$/S$/E) 1.451 1.745 Foreign currency per US$ S$ YEN 78.10 64.90 RM 2.954 2.455 HK$ 7.790144 words
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Page 1 Advertisements
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Advertisement10 2011-07-27 1 HOCK LOCK SIEW FinOne’s lessons for minority shareholders PAGE 610 words
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Advertisement9 2011-07-27 1 EXEC MONEY Higher inflation may help Europe PAGE 319 words
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Advertisement69 2011-07-27 1 LAND TRANSPORT Nissan Leaf due in end-2011 for test-bedding PAGE 23 Pure adrenalin Lk fl 0 Grand Prix de Monaco Historique Cooper T71/73,1964 \w" 0 ter -W U5 Cr 1 5H i <r <*u I f COLLECTION CLASSIC RACING SUPERFAST CHRONOGRAPH CHOPARD BOUTIQUES #01-03 Takashimaya S.C.Tel. 6733 8111 Bi-ioyThe Shoppes69 words
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Advertisement10 2011-07-27 1 STRAIT TALK Something personal for the good captain PAGE 2110 words
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TOP STORIES
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Article557 2011-07-27 2 New CEO looking for more land to expand MBS MARINA Bay Sands has again called on the Singapore government to make available several adjacent plots of land that would help support the US$5.7 billion integrated resort’s burgeoning operations. These are land parcels currently not on the reserve list,557 words
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689 2011-07-27 2 IMF chief urges swift resolution, warns of consequences to world economy Reuters [WASHINGTON] The United States edged closer to a devastating default yesterday as President Barack Obama’s Democrats and their Republican rivals were deadlocked over competing plans to raise the debtReuters - 689 words
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376 2011-07-27 2 Bloomberg [TOULOUSE, France] A Singapore Airlines Airbus A380 was forced to return to its base after one of the double-decker jet’s four Trent 900 engines failed, eight months after the same type exploded on a Qantas Airways Ltd aircraft. The Hong Kong-bound aircraftBloomberg - 376 words
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842 2011-07-27 4 JOYCE HOOI - Court battle follows dispute over Baker Tech’s move to sell unit to Yangzijiang Reports by JOYCE HOOI [SINGAPORE] The High Court was promised a “sordid account of dishonour and cynicism” by Drew Napier in their written opening statement as part of Sembcorp Marine’s842 words
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272 2011-07-27 4 [SINGAPORE] Sembcorp Marine (SCM) has started contempt-of-court proceedings against Anthony Aurol, a director of PPL Holdings (PPLH). In April, Mr Aurol apologised to the High Court and SCM for breaching an order to seal a “5th affidavit” filed by SCM’s chief executive officer Wong Weng272 words
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426 2011-07-27 4 [SINGAPORE] Cockpit International group has sold the 241-room Ibis Novena for $118 million or $489,626 per room. The freehold hotel, located at the corner of Balestier and Irrawaddy roads, opened in April this year. The buyer is said to be Singapore-based Grand Line426 words
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Article, Illustration493 2011-07-27 4 TEH SHI NING - By TEH SHI NING [SINGAPORE] Manufacturing grew 10.5 per cent year-on-year in June, its first positive showing after two months of contraction. But the rebound was mostly propelled by volatile pharmaceuticals production, masking a drop in electronics output. While this was in line with theBLOOMBERG - 493 words
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Article, Illustration593 2011-07-27 4 Reuters [ZURICH] Switzerland’s UBS will slash jobs and review the future of its fixed-income business after the underperforming unit hit second-quarter profits and forced it to push back targets. The bank said yesterday it would cut costs by 1.5 billion (S$2.25 billion)Reuters - 593 words
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Article, Illustration580 2011-07-27 4 MICHELLE QUAH - By MICHELLE QUAH [SINGAPORE] As the global debate on the role and value of an audit continues to grow, the regulatory authority here is continuing to push for improvements in the quality of audit services provided through its Practice Monitoring Programme (PMP). The success580 words
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Page 2 Advertisements
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Advertisement527 2011-07-27 2 Goods and ServicesTax (GST) Seminar IndustryTopics: Recovery of Expenses and Import Relief Schemes Date Thursday, 18 August 2011 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client/KPMG Alumni S$396 per participant Non-client S$450 per participant A discount of 5% will be given for groups of three or more527 words
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Advertisement110 2011-07-27 2 fssS Round-the-clock Relief For Blocked Nose Cold The ONCE-DAILY, non-drowsy formulation for fast relief that lasts up to 24-hours. Available Now At All Major Pharmacies and Selected Clinics. *Clarinase 24hr is for adults and children 12 years and above. Individual response varies. Exercise due caution when driving a car or110 words
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Page 3 Advertisements
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Advertisement173 2011-07-27 3 www.vw.com.sg Hji* The Touareg. Where on earth will you take it? The Volkswagen Touareg, luxurious on road, unsurpassed off road. Where you take it is up to you. Just tap your destination into the factory fitted Touchscreen Satellite Navigation System and you're on your way. Whether it's making light work173 words
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COMPANY NEWS
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465 2011-07-27 5 VEN SREENIVASAN - This is despite 9.5% rise in earnings from associated and JV companies By VEN SREENIVASAN AIRPORT ground services giant SATS Ltd saw a 4.1 per cent drop in first-quar-ter attributable profit to $42.5 million due to higher taxes on income derived outside of465 words
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250 2011-07-27 5 ST Engineering’s aerospace arm sealed more than $260 million worth of new maintenance contracts in the second quarter of this year. The group added that this value of contracts secured does not include a recently announced 20-year logistics support contract for 12250 words
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260 2011-07-27 5 UNION Steel Holdings is offering to buy a scaffolding company for as much as $24 million. Union Steel, one of the largest metal recycling companies here, said that the acquisition of Hock Ann Metal Scaffolding Pte Ltd would create significant cross-selling opportunities260 words
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225 2011-07-27 5 VEN SREENIVASAN - By VEN SREENIVASAN WITHOUT the benefit of the jobs credits and higher non-operating income from the previous year, SIA Engineering saw its attributable profit for the first quarter to end-June 2011 dip $2.7 million or 3.8 per cent to $68.1 million. Share225 words
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377 2011-07-27 5 VEN SREENIVASAN - By VEN SREENIVASAN TIGER Airways Holdings yesterday said that no decision has yet been taken by the Australian authorities with regards to the length of suspension of Tiger Airways Australia’s domestic services. “Tiger Airways Australia continues to work constructively with the Civil377 words
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351 2011-07-27 6 LYNETTE KHOO - Financial One, China Lifestyle could be in for better rating in overseas IPOs By LYNETTE KHOO TWO companies Financial One and China Lifestyle, formerly listed in Singapore, could fetch higher valuations for their businesses in their upcoming initial public offerings (IPOs) in Taiwan351 words
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618 2011-07-27 6 TEH HOOI LING - HOCK LOCK SIEW By TEH HOOI LING IT’S yet another example of how Singapore investors have been dealt a disservice because of the low liquidity, low valuation, lack of understanding of the investment community and the insufficient protection afforded to minority shareholders here. Financial One,618 words
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Article356 2011-07-27 6 EMILYN YAP - By EMILYN YAP FRASERS Centrepoint Trust (FCT) posted a lower distribution per unit (DPU) for the third quarter as refurbishment works at Causeway Point affected earnings, but it expects DPU for this financial year to be comparable with last year’s once contribution from the mall356 words
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Article341 2011-07-27 6 KELLY TAY - By KELLY TAY MAPLETREE Industrial Trust (MIT), which was listed in late October last year, announced a first-quarter distribution per unit (DPU) of 1.98 cents, 8.8 per cent higher than its forecast of 1.82 cents. Income available for distribution for the three months ended June341 words
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426 2011-07-27 6 TREASURY China Trust yesterday posted net property income of $14.34 million for the second quarter ended June 30, about 3 per cent above its own forecast. The business trust, has no comparative figures from a year ago since it was constituted last May426 words
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236 2011-07-27 6 SIM Siang Choon, soon to be known as Loyz Energy, has made clarifications relating to certain statements attributed to its executive director, Adrian Lee, in a BT article yesterday (“Loyz Energy set to buy into oil E&P firms”). In a statement to the Singapore Exchange236 words
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339 2011-07-27 8 KELLY TAY - Share price rises about 43% above its offer price to close at 31.5¢ By KELLY TAY MALACCA Trust Ltd made a strong trading debut yesterday, rising 43.2 per cent above its offer price to close at 31.5 cents per share. This is 9.5 cents339 words
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Article318 2011-07-27 8 EMILYN YAP - By EMILYN YAP Overseas Union Enterprise (OUE) has secured more tenants for OUE Bayfront, inking committed leases for over 77 per cent of the building’s office net lettable area. The property group has also completed the refurbishment of the former Change Alley Aerial Plaza Tower318 words
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COMPANY BRIEFS
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71 2011-07-27 8 BANYAN Tree Holdings said yesterday that its indirect unit, Banyan Tree Yangshuo (S) Pte Ltd, has entered into an equity transfer agreement with Tianjin Wan Yue Investment Co Ltd. Banyan Tree Yangshuo will be selling 100 per cent of its stake in Yangshuo71 words
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58 2011-07-27 8 CITYSPRING Infrastructure Trust (CIT) has appointed Tong Yew Heng as chief executive officer of the company. Mr Tong had been acting CEO since July 1 this year, and had served as chief financial officer since January 2007. He will relinquish his position58 words
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61 2011-07-27 8 HONGWEI Technologies said yesterday that KPMG Services is finalising its investigation into the affairs of the company and will present its report by end August or early September this year. Hongwei, which has been haunted by audit issues at its China subsidiary, had appointed61 words
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49 2011-07-27 8 INNOVALUES Limited yesterday warned that it expects to report a loss for the half year despite better results in its second quarter. The company cited a continued weak revenue from its office automation segment as the main reason for its poor results.49 words
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114 2011-07-27 8 NAM Cheong Ltd, a Malaysian-based offshore support vessel (OSV) shipbuilder, said that its unit has secured vessel building contracts worth US$38 million. The contracts awarded by a new Singapore customer, Sentinel Marine Pte Ltd, are for the construction and sale of three units of114 words
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54 2011-07-27 8 HONG Leong Finance (HLF) has opened its fourth centre aimed at small and medium enterprises (SMEs) in Yishun, adding to the three SME centres it already has in Bedok, Jurong and Farrer Park. The firm plans to continue building its branch network, HLF54 words
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81 2011-07-27 8 THE Kuok group’s privatisation bid for Allgreen Properties yesterday drew to a close, with 94.51 per cent valid acceptances of its $1.60 per share cash offer. Allgreen last traded at $1.59. Brookvale Investments, owned by members of Malaysian billionaire Robert Kuok’s group of companies, gained81 words
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364 2011-07-27 8 DICKSON LI - By DICKSON LI HEALTH and wellness group OSIM International yesterday announced a net profit of $18.8 million for the second quarter ended June 30, 55.3 per cent up from $12.1 million a year earlier. OSIM chief financial officer Peter Lee attributed the profit364 words
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248 2011-07-27 8 ANGELA TAN - By ANGELA TAN SINGAPORE Exchange (SGX) said yesterday that it has appointed Jane Diplock as its independent and non-executive director with effect from July 25, 2011. SGX said that Ms Diplock possesses a strong regulatory background, having served as chairman of the New Zealand Securities248 words
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365 2011-07-27 8 CARINE LEE - The dark pool player again wins two Asian awards By CARINE LEE DARK pool player Liquidnet Holdings Inc reported an overall volume gain in global trading activities for the first half of the year. In Asia-Pacific, the principal traded at the institutional equities365 words
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363 2011-07-27 8 LYNN KAN - By LYNN KAN CATALIST-LISTED SBI Offshore is catching an important undercurrent in the offshore industry: contract manufacturing for European rig equipment makers. With more than 80 per cent of the world’s rig orders put together in Asia, established European players363 words
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399 2011-07-27 8 STEPHANIE RIADY - By STEPHANIE RIADY YOUNG start-ups may not be the most obvious target customer for banks. Yet for local lender OCBC, business with the SME community has grown prolifically and will continue to be a major point of focus in the future. Out399 words
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Advertisement21 2011-07-27 5 mm u X v,m mCX: X'C .4 --V V V v V s? m fi. N v-..< > it«> A ■■W m21 words
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Advertisement390 2011-07-27 6 35: tk (§Jo- r @u& QPafaynfo Raffles VledicalGroup would like to thank the following who have contributed $350,000 to our 35 th Anniversary Charity Fundraising Drive thus far LIST OF DONORS (CORPORATE) Asian Lift Pte Ltd Asian Medical Foundation Banyan Tree Holdings Ltd BureauServe Pte Ltd Changi International Airport Services390 words
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Advertisement26 2011-07-27 6 Little India Interchange 1 SOPHIA RD LASALLE Bugis Junction SOTA RD SELEGIE ST Dhody Ghaut Interchange BENCOOLEN SMU NAFA SAM RD BRIDGE Raffles Hotel NORTH SMU26 words
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Page 7 Advertisements
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Advertisement201 2011-07-27 7 Vj) <§> NANYANG TECHNOLOGICAL UNIVERSITY Convocation 2011 25 July -1 August 0 iimtniiiimr Hot J "jiiii 11 m Irm--Wm V11 He's hot. Jonathan Fang. Choice of jobs for the picking. Headhunted 6 months before his exams. Job offers from 3 multinationals. Picked ExxonMobil. 't* A She's tough. Sumiko Tan. Stamina201 words
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Page 8 Advertisements
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Advertisement67 2011-07-27 8 TM All-Touch Virtual Call Centre Hosted Call Centre, Hosted SMS, Hosted Fax, Hosted CRM, On-Demand No need to buy, subscription basis. From $1,500 Answer Calls from office, home or anywhere with Internet Low IDD call charges Backup and Redundancy Automatic Call Distribution with Voice Logger Campaign model (short term) Co-Location67 words
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Advertisement132 2011-07-27 8 FlexMe The Green Smart Office Address that works whenever you do Solutions Office C M Cybercentre 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 (Multimedia132 words
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SINGAPORE MARKETS
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Article, Illustration585 2011-07-27 10 R SIVANITHY - Index advances 15 points despite Monday retreat in US markets; turnover subdued at $1.2 billion STOCKS R SIVANITHY Senior Correspondent ON MONDAY we discussed the possibility also raised before in this column that the Straits Times Index tends to move ahead of Wall StreetSource: Bloomberg - 585 words
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Article66 2011-07-27 10 Jul 26 VALUE CLOSE BT OB/OS 206.00 +429.0 BT CADI -*****.00 +131.0 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 744.95 +2.61 FTSE ST Small Cap 522.98 +3.81 FTSE ST All Share 775.26 +3.63 FTSE ST China Top 249.59 +1.17 FTSE ST China 288.10 +1.03 FTSE66 words
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Article61 2011-07-27 10 VOLUME Malacca Trust 76,000,000 Golden Agri 75,209,000 Liang Huat 61,184,000 EuNetworks 58,393,000 HPH Trust US$ 46,885,000 Dyna-Mac 42,843,000 PSL Hldgs 40,106,000 Genting SP 31,985,000 Kyodo-All 26,802,000 SingTel 22,997,000 VALUE($) SingTel 76,013,139 UOB 70,025,910 Genting SP 57,782,675 Golden Agri 54,324,092 DBS Grp 48,746,890 Keppel Corp 46,698,005 HPH Trust61 words
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Article186 2011-07-27 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 2 0 0 0 9 3 2 Manufacturing 75 39 43 8 6 7 83 45 50 Commerce 24 12 26 1 5 2 25 17 28 Tpt/Stor/Comms 20 10 12186 words
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BROKERS’ TAKE
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Article, Illustration831 2011-07-27 10 CONRAD TAN - Compiled by CONRAD TAN July 26 close: $2.38 OCBC Investment Research, July 26 RAFFLES Medical Group (RMG) has reported its Q2 2011 results with revenue increasing 14.3 per cent y-o-y and 3.9 per cent q-o-q to $67.0 million. Net profit was up 10.1 per cent y-o-y andSource: Bloomberg - 831 words
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Article135 2011-07-27 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article123 2011-07-27 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,262 40,262 71,807 71,807 Manufacturing 292,061 19,579 311,640 186,467 2,129 188,596 Commerce 75,087 6,224 81,311 92,491 1,131 93,622 Tpt/Stor/Comms 176,317 1,985 178,302 246,112 201 246,313 Finance 18,896 76,000 94,896 170,042 24,081 194,123 Construction 86,324 14,972123 words
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Article114 2011-07-27 10 Stock name Close Change CapMallsAsia 1.435 -0.005 CapitaLand 2.930 +0.010 CapitaMall 1.915 -0.005 CityDev 10.790 +0.050 ComfortDelGro 1.445 +0.025 DBS Grp 15.100 +0.070 F&N 6.020 +0.020 GLP 2.000 -0.030 Genting SP 1.810 +0.005 Golden Agri 0.720 -0.005 HK Land 6.650 -0.040 JMH 58.000 +0.050 JSH 34.260114 words
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Article, Illustration434 2011-07-27 10 CURRENCIES Reuters [SINGAPORE] The Singapore dollar hit a record high and the Malaysian ringgit broke through a key resistance level yesterday, leading Asian currencies higher, as investors feared that squabbling US politicians will not be able to agree on a debt ceilingReuters; BLOOMBERG - 434 words
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Article116 2011-07-27 10 BY CENTS CLOSE UP DBXT EONIA 5US$ ***** 404.1 1.7 JSH 3426 129.9 3.3 Jardine C&C 4991 119.0 2.4 DBXT MSKorea 10US$ 6558 92.6 1.2 IS MSCI Spore 1429 74.6 4.5 DBXT MSAsExJp 10US$ 3465 46.9 1.1 Lyxor China H 10US$ 1616 30.1 1.6 UOB 2050 25.0 1.2 DBXT116 words
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Article127 2011-07-27 10 BY CENTS CLOSE DOWN DBS Bk 4.7% NCPS 100 ***** -90.0 -0.8 DBXT Nifty 10US$ ***** -79.4 -0.5 GLD 10US$ ***** -63.7 -0.3 DBXT MSEurope 10US$ 4841 -55.3 -0.9 DBXT STGLDv100 10US$ 2857 -39.7 -1.1 DBXT AUDMM 5SG$ ***** -30.0 -0.1 DBXT S&P Short 10US$ 4137 -24.1 -0.5 SIA127 words
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SINGAPORE NEWS
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458 2011-07-27 11 TEH SHI NING - Port logistics and environmental services to be focus areas in years ahead By TEH SHI NING PORT logistics and environmental services are two areas of focus in the year ahead, said the Singa-pore-Tianjin Economic and Trade Council (STETC) yes- terday. Delivering a report card458 words
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Article, Illustration709 2011-07-27 11 CHEN HUIFEN - Businesses should also watch China closely: economist By CHEN HUIFEN THE regional economic outlook for the 10 years up to 2017 could look a lot like the 10 years which led up to the Asian financial crisis in 1997, according toARTHUR LEE - 709 words
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Article, Illustration824 2011-07-27 12 KALPANA RASHIWALA - Second commercial site could attract fewer bids, some consultants say By KALPANA RASHIWALA PROPERTY market watchers have given mixed views on the level of interest likely to be shown by bidders for the second commercial site at Paya Lebar launched yesterday by Urban RedevelopmentSource: URA - 824 words
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Article, Illustration267 2011-07-27 12 PROPERTY giant CapitaLand has roped in renowned architect Moshe Safdie as the lead designer for its new condominium in Bishan Central. A unique architectural feature in the new development is the provision of pri- vate garden spaces for a large number of the condominium267 words
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Article, Illustration565 2011-07-27 12 MINDY TAN - Health club aims to sign more S’poreans as members By MINDY TAN GETTING more Singaporeans to sign up as members of health clubs that is the intention of Fitness First chief executive Colin Waggett. “(To get) a gauge of how big this market can565 words
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326 2011-07-27 12 THE Land Transport Authority (LTA) yesterday said it awarded three civil contracts with a combined value of $582.07 million for the Downtown Line Stage 3 (DTL3) MRT project. Two of the contracts are for the construction of Tampines East and River Valley stations and326 words
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228 2011-07-27 12 THE Housing Development Board has launched a new issuance of notes under its $12 billion Multicurrency Medium Term Note (MTN) Programme. The issuance comprises $400 million, three-year fixed rate notes with a coupon of 1.005 per cent per annum payable semi-annually in arrear.228 words
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Page 11 Advertisements
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Advertisement33 2011-07-27 12 Australia and New Zealand Banking Group Limited Citicorp Investment Bank (Singapore) Limited The Hongkong and Shanghai Banking Corporation Limited CIMB Bank Berhad Oversea-Chinese Banking Corporation Limited Standard Chartered Bank United Overseas Bank Limited33 words
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ECONOMY WATCH
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611 2011-07-27 13 Increase in the country’s terms of trade has probably ended: RBA chief Bloomberg [SYDNEY] Australian government bond yields are trading at their lowest levels in 14 months relative to those in the United States, underscoring concern that a slowdown in the world’s fastest-growingBloomberg - 611 words
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Article, Illustration480 2011-07-27 13 But France’s index surprisingly goes up for first time in 2011 BNP Paribas in Paris. Reuters, Bloomberg Bloomberg [BERLIN] Worries about Greece’s debt crisis dented German consumer sentiment while French consumer confidence unexpectedly rose for the first time this year in July. The forward-lookingBNP Paribas in Paris. – Reuters, Bloomberg; Bloomberg; BLOOMBERG FILE PHOTO - 480 words
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Article289 2011-07-27 13 Reuters [LONDON] Britain’s economy barely grew between April and June as industrial output shrank, casting doubt over the government’s ability to erase the budget deficit as planned and raising pressure on the finance minister to boost growth. The Bank of England is seenReuters - 289 words
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Advertisement1009 2011-07-27 13 SOCIETE CENERALE SOCIETE GENERALE BANK TRUST A bank incorporated in Luxembourg Head Office: 11 Avenue Emile Reuter L-2420 LUXEMBOURG Notes to the Accounts which form an integral part of the financial statements together with a list of Societe Generale Bank Trust subsidiaries can be obtained from Societe Generale Bank Trust1,009 words
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Advertisement0 2011-07-27 13 |,:>(%[?|`^,}|{.'??`('$?-*`|*^.0 words
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MALAYSIA/INDONESIA
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Article, Illustration604 2011-07-27 14 Activists attack deal, accusing Australia of dodging its duties to boat people AFP [SYDNEY] Australia may expand its unique refugee swap deal with Malaysia, with Immigration Minister Chris Bowen saying the nations saw the controversial agreement as a “pilot project”. Mr BowenAFP; REUTERS - 604 words
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595 2011-07-27 14 Sinopec buying big stake in venture for developing oil field [KUALA LUMPUR] KNM Group Bhd and Zecon Bhd have entered into an agreement with Gulf Asian Petroleum Sdn Bhd (GAP) to build a refinery and an oil storage terminal worth a combined595 words
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261 2011-07-27 14 Pacts cover supply of up to 750m standard cubic feet per day Reuters Bloomberg [KUALA LUMPUR] Malaysia’s state oil firm Petronas said yesterday that it had signed two separate agreements to distribute natural gas extracted from the Kebabangan cluster located inReuters; Bloomberg - 261 words
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Article, Illustration346 2011-07-27 14 AFP [JAKARTA] An Indonesian lawmaker yesterday said that Greenpeace should be expelled from the country if an investigation finds that the environmental group is trying to “ruin our sovereignty”. “We have found indications that Greenpeace has its own political and economic agenda in Indonesia,” saidAFP - 346 words
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217 2011-07-27 14 Reuters [JAKARTA] Indonesia’s finance ministry plans to raise one trillion rupiah (S$141.5 million) from a sukuk auction on Aug 2, including by issuing its first six-month syariah T-bills, the debt office said yesterday. Syariah T-bills are seen as instruments that can addReuters - 217 words
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Advertisement152 2011-07-27 14 VH-"1- v *V' V V Wine, Dine Hospitality Highlights '"N r REVELRY FOR SINGAPORE'S 46™ BIRTHDAY AT SWISSOTEL THE STAMFORD For more information, or to make a reservation, jlease call 6431 6156 or email dining.singapore@swissotel.com SWisSOtel THE STAMFORD V SINGAPORE July 9, 16, 23 30 July and 9 August 5152 words
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GREATER CHINA/INDIA
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Article, Illustration706 2011-07-27 15 Central bank hikes rate by 50 bps to 8 per cent to fight high inflation Bloomberg [NEW DELHI] India’s central bank has raised its benchmark interest rate more than economists forecast to quell the highest inflation rate among major economies. The Reserve BankBloomberg; REUTERS - 706 words
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593 2011-07-27 15 Reuters [HONG KONG] Uncertainty over the future of lucrative casinos operating in Macau is prompting international lenders to shy away from financing upcoming projects, leaving the door open for Chinese banks eager to reap a bigger slice of the booming market. Concessions in theReuters - 593 words
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448 2011-07-27 15 Bloomberg [BEIJING] Boosting cigarette prices in China, the world’s biggest market for the cancer-causing products, and enforcing advertising bans are among strategies the country should consider to prevent premature deaths, the World Bank said. China, which banned its estimated 300 millionBloomberg - 448 words
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285 2011-07-27 15 AFP [HONG KONG] Ailing Macau casino tycoon Stanley Ho has sold part of his property-and-transport firm to his daughter Pansy, one of several relatives he sued earlier this year in a high-profile family row. Mr Ho’s daughter, managing director of ShunAFP - 285 words
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Advertisement192 2011-07-27 15 JTfi- 4 < W m Ml -=r D5 MMrilim flEGi JERRY LUM ONE Million Snr Marketing Director, MBA, CES LATIFCL CASH HP: 8288 0098 View: jerrylum.myweb.sg NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School University of California Berkeley Haas School of Business A strategic fusion of East and West business wisdom Be192 words
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WORLD
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738 2011-07-27 16 ANTHONY ROWLEY - Apec to stress need for BCPs at Aug 1-3 gathering to discuss March 11 effects By ANTHONY ROWLEY in Tokyo A TALE of two companies one which was able to continue production in the chaos triggered by Japan’s March 11 triple disasters and another738 words
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Article, Illustration615 2011-07-27 16 Most of the work will be done in 5 years, says minister Bloomberg [TOKYO] Japan’s government aims to complete earthquake reconstruction in the next 10 years to help the nation recover from March’s record temblor. Finance Minister Yoshihiko Noda said at aBloomberg; AFP - 615 words
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329 2011-07-27 16 Reuters [MOSCOW] Russia will boost spending to US$10 billion a year in its North Caucasus region over the next 14 years to try to end an Islamic insurgency and boost development, a newspaper reported yesterday. Kommersant said the Ministry of Regional Affairs plannedReuters - 329 words
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Article, Illustration568 2011-07-27 16 AFP [WASHINGTON] The United States unveiled a series of tough sanctions on Monday aimed at cracking down on international organised crime, including gangs from Russia, Japan and Mexico, as well as the Italian Mafia. The Japanese Yakuza, the Camorra from Naples and Mexico’s LosAFP - 568 words
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Article, Illustration261 2011-07-27 16 AFP [SYDNEY] Australian painter Margaret Olley has died at the age of 88, the Art Gallery of New South Wales said yesterday. Best known for her colourful still life paintings, Olley, who was found dead at her Sydney home, was one of Australia’s mostAFP; AFP FILE PHOTO - 261 words
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Article, Illustration1221 2011-07-27 17 Decades of minority gains wiped out, leaving whites with 20 times net worth of blacks and 18 times that of Hispanics THE WEALTH GAP AP THE wealth gaps between whites and minorities in the United States have grown to their widest levels since theAP; BLOOMBERG - 1,221 words
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427 2011-07-27 18 Housing sector woes persist as prices dip in May, sales of new homes fall in June LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers unexpectedly rose in July from an eight-month low, led by a rebound in the outlook for jobs overBloomberg - 427 words
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Article, Illustration821 2011-07-27 18 His firm will manage assets solely for him and his family Bloomberg [NEW YORK] George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his US$25.5 billion firm, ending a career as hedgeBloomberg; BLOOMBERG - 821 words
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575 2011-07-27 18 Reuters [LONDON] Hedge funds are once again turning their attentions to flotations as a way of cashing in on resurgent interest in the US$2 trillion industry, despite a poor year for IPOs and a chequered track record for the listed hedge fund sector.Reuters - 575 words
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444 2011-07-27 18 Likelihood of deflation, double-dip recession has abated Bloomberg [SHANGHAI] The risk of a break-up in the euro area is lower than a year ago, Nouriel Roubini, the economist who predicted the global financial crisis, said. The likelihood of deflation and a double-dip recessionBloomberg - 444 words
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513 2011-07-27 18 Reuters [FRANKFURT] The European Central Bank is exercising “grande vigilance” on inflation, Bank of France chief Christian Noyer said, which the BOF insisted meant “strong alertness” and not “strong vigilance” a phrase signalling an imminent rate hike. Mr Noyer told theReuters - 513 words
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Article, Illustration462 2011-07-27 18 AFP [OSLO] The lawyer for the gunman behind last week’s attacks in Norway laid out his feelings about the case and his client yesterday, painting a picture of a cold and paranoid “warrior” who appears to be insane. “This whole case indicatesAFP; REUTERS - 462 words
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Article, Illustration647 2011-07-27 19 Soaring oil prices boost earnings, although output drops 10.7% AFP [LONDON] British energy giant BP rebounded into net profit in the second quarter of 2011, aided by high oil prices, after a huge loss last year following the Gulf of Mexico oil spill disaster,AFP; REUTERS - 647 words
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237 2011-07-27 19 Reuters [LONDON] De Beers, one of the world’s largest diamond producers, posted a 55 per cent jump in core earnings for the first half, on the back of record sales, thanks to a 35 per cent boost in prices and strong demandReuters - 237 words
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Article, Illustration518 2011-07-27 19 Reuters [BANGKOK] Thailand may release some of its rice stocks into the domestic market if it sees any shortage, a government official said yesterday, after speculators were reported to be hoarding grain, expecting prices to rise under an incoming government. “We haveReuters; FILE PHOTO - 518 words
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350 2011-07-27 19 It will back sculpture commission for three more years Bloomberg [LONDON] Sotheby’s said it is renewing its sponsorship of Tate Britain’s contempo-rary-art commissions for three years a programme that in 2008 saw Martin Creed send sprinters through the London gallery. No figures wereBloomberg - 350 words
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336 2011-07-27 19 AP [NEW YORK] Faced with tough competition and falling profits, BlackBerry maker Research In Motion Ltd is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives. The job cutsAP - 336 words
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474 2011-07-27 19 It also names two co-CEOs to take over in 2012 AP Bloomberg [FRANKFURT] Deutsche Bank says that second-quar-ter net income increased 6 per cent from a year ago to 1.233 billion euros (S$2.14 billion), amid turbulence from Europe’s government debt crisis. The bank’s second-quar-terAP; Bloomberg - 474 words
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Article, Illustration224 2011-07-27 20 Bloomberg [PARIS] Alan Greenspan, the former chairman of the Federal Reserve, warned governments against seeking to protect their populations from all economic risk, saying such efforts use up capital that would be better employed elsewhere. “Since the devastating Japanese earthquake and, earlier, theBloomberg; BLOOMBERG FILE PHOTO - 224 words
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682 2011-07-27 20 The move has fuelled investor demand for highly rated credit Bloomberg [NEW YORK] Wall Street’s biggest bond dealers have cut their holdings of corporate debt securities to the least in almost a year as Europe’s financial crisis and the stalemate overBloomberg - 682 words
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564 2011-07-27 20 Bloomberg [NEW YORK] Brazilian corporate bonds are beating peers in the biggest emerging nations as Europe’s debt crisis dims the outlook for economic growth in Russia and accounting concerns undermine confidence in Chinese companies. The average yield on dollar bonds soldBloomberg - 564 words
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Article, Illustration556 2011-07-27 20 Spanish, German 10-year yield gap widens to 332 bps Bloomberg AFP [MADRID] Spain sold 2.89 billion euros (S$5 billion) of treasury bills, less than its maximum target, and yields jumped as Europe’s latest effort to contain debtcrisis contagion failed toBloomberg; AFP; BLOOMBERG - 556 words
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529 2011-07-27 20 Reuters [LONDON] Investors are unlikely to take up in sufficient numbers the voluntary swap scheme set up by the eurozone for Greek bonds because they will be tempted to sell at the higher prices found at the short-end, investment bank JPMorganReuters - 529 words
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Page 16 Advertisements
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Advertisement541 2011-07-27 16 MA NOTICES IN THE MATTER OF THE COMPANIES ACT (CAR 50) AND IN THE MATTER OF HUA LI HOLDINGS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****8894K) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50) the Final541 words
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Page 17 Advertisements
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Advertisement2248 2011-07-27 17 INFINIO GROUP LIMITED (Incorporated in the Republic of SIngapore) (Company Registration Number *****1660M) NOTICE OF ANNUAL GENERAL MEETNG NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Infinio Group Limited will be held at Hotel Royal, Level 15 (Queen Room), 36 Newton Road Singapore *****4, on Friday, 12 August2,248 words
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Page 19 Advertisements
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Advertisement924 2011-07-27 19 w WATifl NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YUEN HING DIGITAL EQUIPMENT PTE. LTD. (Co Registration No. *****0964N) (Incorporated in Singapore) (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of Yuen Hing Digital Equipment Pte. Ltd., duly924 words
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Page 20 Advertisements
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Advertisement18 2011-07-27 20 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices SATS NOTICES18 words
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TransportHUB
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823 2011-07-27 21 DAVID HUGHES - Preventing enclosed spaces deaths is Michael Lloyd’s mission STRAIT TALK By DAVID HUGHES OVER the years, this column has highlighted the continuing needless death toll in enclosed spaces on merchant ships. Together with lifeboat deaths in the same industry, enclosed spaces deaths are823 words
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401 2011-07-27 21 SAMUEL EE - By SAMUEL EE [SINGAPORE] The parallel import trade has slowed down to a snail’s pace, with only 1,403 grey imports registered here from January to June 2011. This is down 42.3 per cent from the 2,433 units in the same period in 2010, which401 words
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301 2011-07-27 21 Bloomberg [TOKYO] Japan, the world’s biggest corn importer, may buy the fewest cargoes in a quarter century as concern about radiation-tainted meat curbs livestock production. Corn shipments may drop 5 per cent to 15.4 million tonnes this year, according to Nobuyuki Chino, the presidentBloomberg - 301 words
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441 2011-07-27 21 Oversupply offsets support from IEA’s decision not to release more oil Reuters [SINGAPORE] Rates for crude tankers on key Asian freight routes are expected to hover near two-month lows as ample tonnage offsets support from the International Energy Agency’s (IEA) decision not toReuters - 441 words
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349 2011-07-27 21 Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity transportation costs, slid for a 12th day in London because of a glut of iron ore carriers competing to transport the ingredient used to make steel. The gauge declined 6 points,Bloomberg - 349 words
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Article278 2011-07-27 21 SGX '000 Jul 26 S$ +/-Vol CH Offshore 0.42 0.01 165 Chuan Hup Hldg 0.26 0.01 1434 Cosco Corp 1.81 0.01 6146 CWT Ltd 1.31 0.02 1204 Ezra Hldgs 1.26 0.01 8422 First Ship Lea 0.35 unch 113 Freight Links 0.06 unch 466 Grand Banks 0.37 0.04 6278 words
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TRANSPORT HUB: AVIATION
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Article, Illustration454 2011-07-27 22 FAA can’t pay workers inspecting airports planned to handle the jumbo Bloomberg [SEATTLE] Boeing Co’s new 747-8, the biggest plane that the company has ever built, may be able to land at fewer airports when it enters service if a deadlock persistsBloomberg; AP - 454 words
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463 2011-07-27 22 AP [WASHINGTON] Republicans and Democrats exchanged blame on Monday for the legislative stalemate that partly shut down the Federal Aviation Administration while making no overture to resolve the dispute. The FAA’s operating authority expired at midnight last Friday. Dozens of airport constructionAP - 463 words
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692 2011-07-27 22 Reuters [LONDON] Royal Bank of Scotland has excluded the former boss of its aircraft leasing business from the US$8 billion auction of the unit, raising concerns the part-nationalised bank is barring a credible bidder and could short-change the UK taxpayer. Four sources familiarReuters - 692 words
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Article3320 2011-07-27 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1300 SQ456 1245 SQ457 1300 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 23503,320 words
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TRANSPORT HUB: LAND
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576 2011-07-27 23 Dongfeng aims to increase number of dealerships, gain market share Bloomberg [BEIJING] Nissan Motor Co’s Chinese venture plans to invest 50 billion yuan (S$9.3 billion) by 2015 to gain market share as economic growth boosts demand in the world’s largest carBloomberg - 576 words
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Article, Illustration580 2011-07-27 23 SAMUEL EE - But electric cars are not for everyone, says Nissan engineer By SAMUEL EE [SINGAPORE] The Nissan Leaf pure electric vehicle (EV) is likely to arrive here by the end of the year after an agreement is signed between the Renault-Nissan Alliance and Singapore’sNISSAN MOTOR - 580 words
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643 2011-07-27 23 Bloomberg [TOKYO] Chinese rail suppliers, who helped build the world’s largest bul-let-train network in less than a decade, may struggle to sell equipment overseas after two locomotives collided, killing at least 39 people. Trainmakers CSR Corp and China CNR Corp, builders including China RailwayBloomberg - 643 words
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394 2011-07-27 23 SAMUEL EE - By SAMUEL EE [SINGAPORE] As with its top PI make status, the 5 Series from BMW is also the most popular PI (parallel import) model. From January to June 2011, 229 units of the mid-sized executive saloon were sold by parallel importers394 words
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571 2011-07-27 23 Bloomberg [MICHIGAN] Ford Motor must face a new trial in a lawsuit it previously won and can’t dispute that a defect caused an Aerostar van to accelerate out of control, a judge ruled. A state court jury in Bushnell, Florida,Bloomberg - 571 words
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Page 21 Advertisements
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Advertisement60 2011-07-27 21 Choice Indian Community ERES C' stumpy takes 8 J, e lljjp 88 53 J 1 Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven60 words
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Advertisement29 2011-07-27 21 'I 1 I Suede's Greatest Hits Tour 3 August 2011, Singapore Indoor Stadium EXCLUSIVE TICKETS TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS Midas Promotions www.midaspromotions.com29 words
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Page 22 Miscellaneous
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Miscellaneous306 2011-07-27 22 CRYPTIC CROSSWORD Across 1 Faculty garden designer? (10) 6 Ditch canned laughter (2-2) 9 Around fifty guests ejected for having no bottle (7) 10 At heart accepting change of direction is cockeyed (7) 12 Surprisingly wild men hunger for routine (13) 14 It’s harsh for new family in the centre306 words
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Page 23 Advertisements
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Advertisement7 2011-07-27 23 China's "purchaselimit" proves effective ashomepricesin1st-tiercities fall5-10% Tosubscribe,call6388-3838orgotosphsubscription.com.sg7 words
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Advertisement12 2011-07-27 23 www.omy.sg •J isyatiw gwMW yzone.omy.sg s, v v^iT V >v »JB*OSl¥fgjt eat.omy.sg12 words
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EDITORIAL & OPINION
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476 2011-07-27 24 EDITORIAL THE Malaysian government clearly would like the curtain to come down on the death in 2009 of Teoh Beng Hock, a political aide to an opposition leader. It was a politically fraught case that divided the public dangerously along racial lines. Last week, a476 words
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Article, Illustration771 2011-07-27 24 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AS EXPECTED, China reacted strongly to the meeting between US President Barack Obama and the Dalai Lama, saying this had “grossly interfered in771 words
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Article, Illustration893 2011-07-27 24 KEMAL DERVIS - It’s trade, other interconnections that turn small nations or issues into global systemic risks By KEMAL DERVIS in Washington, DC Kemal Dervis, Turkey’s former minister of economic affairs and former head of the United Nations Development Programme, is vice-president and director of the GlobalAP - 893 words
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Article, Illustration1292 2011-07-27 25 LEON HADAR - Clashing TV addresses indicate that while Obama is calling for compromise, Boehner is preparing for confrontation LEON HADAR Washington Correspondent USPRESIDENTBarack Obama remained his usual cool self and yet sounded a bit combative during a brief televised address to the nation on Monday night, warning voters thatBLOOMBERG - 1,292 words
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Article, Illustration840 2011-07-27 25 ROBERT SAMUELSON - ROBERT SAMUELSON MAYBE Americans can learn from Latvia. Yes, Latvia. To the geographically challenged, Latvia is a small country (population 2.2 million) bordering the Baltic Sea with two other tiny neighbours, Estonia and Lithuania. More relevant for our purposes, Latvia has just come throughREUTERS - 840 words
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600 2011-07-27 25 LETTER TO THE EDITOR The Board of Directors The Radiance Group WE refer to the commentary titled “Raw deal for Radiance minority shareholders” (BT, July 18). We wish to highlight and clarify the following points that may be important in assessingThe Board of Directors The Radiance Group - 600 words
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SINGAPORE STOCKS
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Article8349 2011-07-27 26 Transaction date: Jul 26 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 13.5 15.5 7.8 4.2 3 69.4 12 4.5 A-Sonic 6.8 +0.1 102 6.8 6.5 6.6 6.88,349 words
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Article1563 2011-07-27 27 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 20.5 t 800 Super 20.5 -1.5 7326 23 20.5 20.5 21 7 36.7 5.5 3.7 t AA Grp 3.7 3.6 4 17.6 3.61,563 words
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Article9982 2011-07-27 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.14/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.645/ Asian Credit Fund9,982 words
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Article231 2011-07-27 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 +3 2 49.5 43 43 48 3.6 8.1 3.4 112 55 22 Genting HK US$ US42 +0.5 ***** 43 41 42 42.5 2765.5231 words
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Article875 2011-07-27 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113.3 115 115.4 517.2 1207 890 CIMBAsean40 100US$ US1103 1103 1122 44.1 350 290 DBS STI ETF 100 321 +2875 words
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FINANCE & COMMODITIES
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374 2011-07-27 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 25 Index Change Change Change Change Change Change World Index Preliminary 915.1 -0.5 1.9 -0.5 -1.2 -0.4 4.9 EAFE Preliminary 778.0 -0.6 -2.9 -0.7 -3.1 -0.6 2.9 Europe Preliminary 1147.7 -0.5374 words
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Article77 2011-07-27 28 CRUDE OIL PRODUCTS Jul 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.27 -0.49 WTI (Near Mth) 99.12 -0.48 Dubai (1-Mth F) 112.21 -0.10 Tapis blend 123.34 -0.01 Minas 119.34 -0.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.50 -0.33 Jet Kerosene 131.50 0.40 US$/barrel Opec Oil77 words
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Article165 2011-07-27 28 Jul 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 482.0 480.0 482.0 35 156 Sep 11 483.0 480.0 483.0 64 407 Oct 11 421 Nov 11 424 Dec 11 487.6 487.5 487.5 14 519 Jan 12165 words
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Article, Illustration60 2011-07-27 28 As on 25 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 Silver Cash Sep-11 40.82 40.23 40.37 39.2 CURRENCY Aust-US Dollar Sep-11 1.0769 1.0769 1.0769 1.0645 Euro-US Dollar Sep-11 1.4383 1.4303 1.431260 words
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Article107 2011-07-27 28 Jul 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1365.50 1380.25 1371.50 1351.50 Sep 11 1364.50 1381.00 1372.75 1351.25 Nov 11 1372.00 1388.25 1380.50 1358.25 Jan 12 1382.00 1397.75 1390.00 1368.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 56.10107 words
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Article81 2011-07-27 28 Jul 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27.10.2011 0.24 0.17 0.17 1-Year BY*****X 02.05.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.81 5-Year N*****0W 1.125 01.04.2016 102.02 102.10 102.1081 words
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Article460 2011-07-27 28 Jul 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6450 0 3639 Dec11 99.5300 0 2553 Mar12 99.4800 0 1553 Jun12 99.4150 0 2013 EUROYEN TIBOR FUTURES Sep11 99.6600 0 1176 Dec11 99.6600 0 1478 Mar12 99.6575 0 1823 Jun12 99.6525 0 1374 Sep12 99.5850460 words
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Article121 2011-07-27 28 As at 9am Jul 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.35 1.274 Can dollar 1.298 1.249 Euro 1.768 1.7 Sterling pound 2.002 1.925 NZ dollar 1.071 1.02 US dollar 1.225 1.178 Local dollars to 100 units of foreign121 words
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Article27 2011-07-27 28 Jul 26 Open High Sett STI Jul 3184 SIMSCI Jul 367.0 369.6 368.1 Taiwan Jul 303.5 308.7 308.2 Source: MF Global (S) Pte Ltd27 words
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2565 2011-07-27 28 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 22.5 1 150 21 6.31 34 ASJ Hldgs W*****1 0.5 unch 444 1 4 7 8.40 7 AlliedTech W*****2 1.7 1 4 28 Asia Water Tech Ltd W*****82,565 words
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Article177 2011-07-27 28 Jul 26 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75 0.55 12177 words
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Article462 2011-07-27 28 Jul 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 7.040 0.753 8.514 48.349 93.042 0.854 11.492 3.229 1.254 94.381 46.152 1.315 7.328 0.877 31.502 32.446 0.669 1.093 Canada 0.970 6.832462 words
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Article85 2011-07-27 28 Jul 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article138 2011-07-27 28 Jul 26 GOLD (US$/oz) Jul 25 Jul 26 Hong Kong 1617.00 1615.20 Jul 22 Jul 25 London 1602.66 1616.09 1603.43 1616.90 Source: Thomson Reuters CAST BAR Jul 26 (S$) Selling Buying Kilobar 67,080.44 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 63 5gm 427 313 10gm 762138 words
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Article70 2011-07-27 28 Jul 25 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2592.50 2561.50 3 months 2620.00 2590.00 Copper, Grade A (US$/tonne) Cash 9633.00 9654.50 3 months 9655.00 9675.00 Lead (US$/tonne) Cash 2654.00 2669.25 3 months 2375.00 9675.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash70 words
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Article154 2011-07-27 28 Jul 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3142 1.3158 1.0928 1.0932 Canadian dollar 1.2752 1.2770 1.0603 1.0610 Euro 1.7445 1.7461 1.4506 1.4507 NZ dollar 1.0476 1.0491 0.8711 0.8716 Sterling pound 1.9647 1.9667 1.6337 1.6340154 words
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Article22 2011-07-27 28 Jul 26 S$ Bid Offer 1-month 1.2025 1.2036 2-months 1.2025 1.2035 3-months 1.2024 1.2034 6-months 1.2017 1.2027 Source: OCBC22 words
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Article65 2011-07-27 28 Jul 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3094 3117 3120 3075 436 3572 Sep 11 3111 3119 3125 3096 2332 ***** Oct 11 3111 3119 3126 3095 8410 ***** Nov 11 3112 311965 words
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Article81 2011-07-27 28 Jul 25 COCOA (£/tonne) Close Prev High/Low Sep 11 1870 1901 1907/1867 Dec 11 1900 1931 1938/1896 Mar 12 1921 1952 1957/1917 May 12 1929 1960 1964/1926 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2105 2029 Sep 11 2150 2074 2152/2040 Nov 11 2171 2098 2173/2066 Jan 12 217181 words
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5576 2011-07-27 29 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 Destination5,576 words
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Page 29 Advertisements
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Advertisement15 2011-07-27 29 Experienced shfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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Advertisement13 2011-07-27 29 KLINE BSA To All Shipping Advertisers: Please call Joe Wong at 9620 132713 words
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Page 30 Advertisements
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Advertisement28 2011-07-27 30 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES28 words
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Advertisement18 2011-07-27 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES18 words
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Advertisement717 2011-07-27 31 Invest ETFs in U.S. Market with E*TRADE! COMMISSION FROM AS LOW AS us$9.99 PER TRADE* More ETFs Choices, More Opportunities in U.S. Market! Open an acount and get up to US$350 rebate! NO CUSTODY FEE** ock funds rxxir Stock ETF Screeners Active trading platform Power E*TRADE Pro (PET) w Mobile717 words
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executive Money
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Article, Illustration1197 2011-07-27 32 JEFF SOMMER - As support for a return to the gold standard grows, some ask whether the US govt and Fed will be able to get the economy under control without such a policy By JEFF SOMMER THEworsethings get, the better it looks f o r gPHOTO: FEDERAL RESERVE BANK OF NEW YORK/NYT - 1,197 words
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Article, Illustration755 2011-07-27 31 GENEVIEVE CUA - Credit Suisse analyst says mildly higher inflation helps erode debt and can be a positive for equity markets. GENEVIEVE CUA reports reports GENEVIEVE CUA HIGHER inflation is likely to be part of the solution to the massive debt problem dogging the US andAFP FILE PHOTO - 755 words
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Advertisement427 2011-07-27 32 m jj WORLD CHINESE ENTREPRENEURS CONVENTION (WCEC) Sr/v A October 5-7 2011 Singapore Resorts World Sentosa Suntec Singapore New Global Environment New Chinese Enterprise New Impetus The Singapore Chinese Chamber of Commerce Industry (SCCCI) founded the World Chinese Entrepreneurs Convention (WCEC) in 1991, after which it has evolved into a427 words
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