The Business Times, 17 August 2011

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, August 17,
    23 words
  • Article, Illustration
    Lock icon Red Devils may erase debt with Singapore IPO
    694 1  -  Man U said to be raising US$1 b in Q4; with Credit Suisse hired as bookrunner By LEE U-WEN [SINGAPORE] Manchester United are planning to raise about US$1 billion from an initial public offering in Singapore later this year in a move
    AFP  -  694 words
  • Article
    Lock icon New set of measurements for white-collar foreigners
    1063 1  -  New employment pass criteria from Jan 1 see wage bar raised but move may push up business costs By TEH SHI NING [SINGAPORE] Significant changes to Singapore’s employment pass (EP) framework will kick in from January 2012, further tightening the inflow of whitecollar
    1,063 words
  • Article
    Lock icon MARKETS DIGEST
    146 1 HST INDEX 2,832.73 (-41.67) H ST INDEX FUTURES 2,828 (-37) H SIMSCI 326.09 (-5.75) H SIMSCI FUTURES 326.20 (-5.10) FOREX US$ S$ US$ (S$ per US$) 1.203 (US$/S$ per 1.634 1.966 EURO (US$/S$/E) 1.440 1.732 Foreign currency per US$ S$ YEN 76.90 63.90 RM 2.979 2.476 HK$ 7.794
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      10 1 TRANSPORT HUB Latest seafarer deal a major achievement PAGE 20
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      18 1 AIR TRAVEL Qantas to unveil new premium carrier based in S’pore or KL PAGE 2 8 '*****1 *****4
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      179 1 EXEC MONEY Skinning the cat called stock market volatility PAGE 30 GOOGLE’S MOTOROLA DEAL Asian allies put in the spotlight PAGE 4 Originality is about finding your own voice with every creation H Originality isn't about following a set standard. Rather, it sets the standards that others seek to follow.
      179 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Qantas preps new airline, may base it in S’pore
      887 2  -  With its anaemic earnings, analysts say Qantas has to reinvent itself By VEN SREENIVASAN [SINGAPORE] Singapore could be the Asia-Pacific hub for Qantas Airways’ new premium carrier. The move could add to the list of challenges facing Singapore Airlines while ironically
      PHOTO: AFP  -  887 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      587 2 New set of measurements for white-collar foreigners SIGNIFICANT changes to Singapore’s employment pass framework will kick in from January 2012, further tightening the inflow of white-collar foreign workers and potentially raising businesses’ wage costs by an average of 1 to 2 per cent. The Ministry of Manpower yesterday
      587 words
    • Article, Illustration
      Lock icon Asian equity funds take US$77b drubbing
      849 3 Franklin Templeton, Fidelity biggest losers; Korea leads decline Reuters [HONG KONG] Asian equity mutual funds suffered a US$77 billion hit in the first 11 days of August with those betting on South Korea and the Greater China region leading the declines amid a global
      Reuters  -  849 words
    • Article
      Lock icon PM Lee: Not all are equally fit to be president
      621 3  -  Landing a COE is merely meeting the basic threshold By LEE U-WEN [SINGAPORE] Four people may have been given the eligibility certificate to contest the upcoming presidential election, but this does not mean that all of them are equally qualified
      621 words
    • Article, Illustration
      Lock icon Google-Motorola deal puts Asian allies in the spotlight
      639 4  -  Deal raises questions as to whether Google can play both ally and foe By WINSTON CHAI [SINGAPORE] Google’s planned acquisition of Motorola’s handset division has raised questions as to whether it can pull off the tricky feat of playing both ally and
      BLOOMBERG  -  639 words
    • Article
      Lock icon Senoko may offer solar energy options to HDB households
      479 4  -  By RONNIE LIM [SINGAPORE] As part of its “green” ambitions, Singapore’s largest generating company Senoko Energy is now exploring offering solar energy options to HDB households as well as industrial customers here. “We are looking at a small initiative into renewables,
      479 words
    • Article
      Lock icon PICTET
      278 4 Pictet-Absl Rtn Glo Cons-P EUR 12.08.2011 EUR 99.87 Pictet-Absl Rtn Glo Div-P EUR 12.08.2011 EUR 111,10 Pictet-Asian Equities Ex Japan-P USD 12.08.2011 USD 165.85 Pictet-Asian Local Currency Debt-P USD 12.08.2011 USD 146.99 Pictet-Biotech-P USD 12.08.2011 USD 257.26 Pictet-CHF Liquidity-P 12.08.2011 CHF 124,24 Pictet-Clean Energy-P USD 1208 2011 USD 66.24
      278 words
    • Article
      Lock icon Panel to review varsity intakes for S’poreans
      478 4  -  Team to study how best to expand number after 2015 By LEE U-WEN [SINGAPORE] The Education Ministry (MOE) has convened a new 15-member committee to look at how best to expand the number of university places for Singaporeans beyond the year 2015. The
      478 words
    • Article, Illustration
      Lock icon Eurozone growth sags to 0.2% in Q2
      612 4 Previously robust, Germany’s expanded only 0.1% this time AP [FRANKFURT, Germany] Economic growth in the 17 countries that use the euro sagged to 0.2 per cent in the second quarter as a previously robust expansion in Germany almost ground to a halt. The
      AP; REUTERS  -  612 words
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      97 words
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      319 2 SINGAPORE'S ***** |.T CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg Join us at facebook 4 TL. VA '4 r* 1 4 September. Level 2, Meeting Rooms 208-209 1EX L Smart Digital Empowerment Organised by. Join us at PlayTest@Comex to better understand technologies that really matter. MIAIM Log on to www.Dlavtest.sg for more details
      319 words
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      93 3 Grow with y#ur fast growing bank. ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who share your regional interests and who take the time to fully understand your needs. They have the experience and the network to put you
      93 words
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  • COMPANY NEWS
    • Article
      Lock icon Battle looms as Laxey seeks UIS board seat
      856 5  -  Hedge fund also seeking removal of four UIS directors at today’s EGM By JAMIE LEE EUROPEAN hedge fund Laxey Partners is geared up for a boardroom battle at United International Securities (UIS) today. It is seeking a board seat at a UIS
      856 words
    • Article
      Lock icon Laxey’s strategy: target undervalued funds
      453 5  -  By KELLY TAY LAXEY Partners may have made the headlines here thanks to its ongoing tussle with United International Securities (UIS) board members, but the European hedge fund has also been known to rock the boat in other international waters. In fact, Laxey has recently
      453 words
    • Article
      Lock icon European ban on short-selling won’t work
      710 7  -  HOCK LOCK SIEW By R SIVANITHY LAST week, in response to the sharp drops in stock markets brought on by European and US debt worries, regulators in France, Spain, Italy and Belgium banned short-selling of financial stocks. Although this appears to have brought some
      710 words
    • Article
      Lock icon CapLand acquires prime residential site in Hangzhou
      211 7  -  By MINDY TAN CAPITALAND has acquired a prime 32,040 square metre residential site in Hangzhou’s Gongshu District in China for about RMB 1.11 billion (S$215.13 million) through a government land tender. This translates to about RMB 13,906 per square metre per plot ratio.
      211 words
    • Article, Illustration
      Lock icon Sheng Siong supermarket’s IPO 1.3 times subscribed
      274 7  -  Public tranche of 15m shares 5.7 times subscribed; trading starts today By MINDY TAN THE initial public offering of local supermarket chain Sheng Siong closed on Monday with a subscription rate of about 1.3 times. Based on an offer of 351.5 million invitation
      FILE PHOTO  -  274 words
    • Article, Illustration
      Lock icon Ezra vaults towards its US$1b order book goal
      493 8  -  Shares soar up to 14% on news of contract, said to be worth US$250m By JOYCE HOOI IN a vindication of sorts, Ezra Holdings’ shares surged as much as 14 per cent during trading yesterday, on news that its offshore construction division
      FILE PHOTO  -  493 words
    • Article
      Lock icon Parkson of M’sia to list unit on SGX
      442 8 Parkson Retail Asia said to eye IPO size of up to $500m MALAYSIA’S Parkson Holdings Bhd is planning to list its regional retail arm, Parkson Retail Asia, on the main board of the Singapore Exchange by the end of this year. Parkson
      442 words
    • Article
      Lock icon United Envirotech seals wastewater treatment plant deal
      335 8  -  By JOYCE HOOI UNITED Envirotech has won a 220 million yuan (S$41.5 million) contract to develop a wastewater treatment plant for an industrial park in China. Despite the news, its share price closed 4.6 per cent or 1.5 cents lower at 31 cents
      335 words
    • COMPANY BRIEFS
      • Article
        Lock icon k1 Ventures slashes loss to $4.7m
        99 8 K1 VENTURES Ltd reported that its net loss for the full year ended June 30, 2011, was $4.72 million, smaller than the net loss of $22.65 million a year ago. Revenue was up 0.4 per cent at $71.22 million. The improvement in the results
        99 words
      • Article
        Lock icon Boardroom posts 11.6% rise in Q4 profit
        65 8 BOARDROOM Ltd posted an 11.6 per cent increase in net profit to $3.11 million for its fourth quarter ended June 30, 2011, from $2.79 million a year earlier. Revenue grew 55.1 per cent year on year to $15.67 million. The group expects to
        65 words
      • Article
        Lock icon Teckwah may acquire land for plant
        105 8 TECKWAH Industrial Corporation said that it is exploring the possibility of acquiring land to construct a plant for an estimated $59.63 million (assuming the company conducts all additional investment works). The proposed plant, located within the Paya Lebar iPark, will be built on the
        105 words
      • Article
        Lock icon Ntegrator Int’l bags $10.7m of deals
        45 8 REGIONAL communications network specialist and systems integrator Ntegrator International has secured eight new deals worth $10.7 million. Of the eight, three are project management contracts from repeat customers M1 and the Viettel Group of companies in Indo-China and Africa.
        45 words
    • Article, Illustration
      Lock icon Straits Trading hospitality arm set for 2012 rebound
      492 8 Chairman cites bullish tourism outlook Reuters SINGAPORE property and resources group Straits Trading’s loss-making hospitality business could turn profitable by the second half of 2012 on the back of a strong tourism outlook and refurbishments across its hotels such as its flagship
      Reuters  -  492 words
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      317 5 NOVENA Specialist Center Premier Medical Suites with a Holistic Approach to Patient Care An Excellent Investment Opportunity Novena Specialist Center is a purpose-built medical facility, integrating modern facilities with lush landscaping, full-length glass windows and water features. It is surrounded by prominent healthcare institutions, including the future Parkway Novena Hospital
      317 words
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      25 5 o 2nd item m /c 25% L 1st item voucr Gl\| .Singapor^g^, a V with You! 1 t 6281 5688 or 6757 4403 y www.gnc.com.sg
      25 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI pulls back as Dow futures slide
      586 6  -  Market’s attempt to rebound for third day fizzles out over fears of weakness in Western markets STOCKS R SIVANITHY Senior Correspondent INVESTORS yesterday positioned themselves for likely Tuesday weakness in Western markets, particularly Wall Street, by selling aggressively after lunch. The Straits Times
      Source: Bloomberg  -  586 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 6 Aug 16 VALUE CLOSE BT OB/OS -1949.00-237.00 BT CADI -*****.00-118.00 BT 10-day MA -*****.00-195.00 FTSE ST Mid Cap 652.61 -2.95 FTSE ST Small Cap 439.01 -6.61 FTSE ST All Share 685.32 -9.03 FTSE ST China Top 209.60 -2.51 FTSE ST China 245.27 -3.87 FTSE ST Catalist 839.54
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Genting SP 139,192,000 Golden Agri 88,259,000 Centillion 45,600,000 Noble Grp 39,782,000 Ezra 37,058,000 HSI*****MBeCW*****9 35,105,000 PSL Hldgs 31,062,000 CapMallsAsia 30,947,000 Cosco Corp 28,548,000 Yangzijiang 25,787,000 VALUE($) Genting SP 230,907,340 Keppel Corp 120,123,820 DBS Grp 89,061,153 OCBC Bk 62,695,080 Noble Grp 59,909,095 Golden Agri 57,052,437 SingTel 55,074,510
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 3 0 0 0 2 9 3 Manufacturing 49 73 46 8 11 6 57 84 52 Commerce 16 29 16 3 4 2 19 33 18 Tpt/Stor/Comms 10 29 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,122 44,122 156,608 156,608 Manufacturing 306,319 16,363 322,682 215,716 549 216,265 Commerce 102,320 10,905 113,225 125,175 955 126,130 Tpt/Stor/Comms 207,093 3,782 210,875 271,427 432 271,860 Finance 24,052 897 24,949 219,048 191 219,239 Construction 67,101 7,775
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.180 +0.015 CapitaLand 2.520 -0.050 CapitaMall 1.770 -0.040 CityDev 10.010 -0.250 ComfortDelGro 1.305 -0.005 DBS Grp 13.900 -0.150 F&N 5.580 -0.110 GLP 1.720 -0.070 Genting SP 1.630 -0.040 Golden Agri 0.635 -0.005 HK Land 5.930 -0.070 JMH 51.580 +1.070 JSH 29.400
      114 words
    • Article, Illustration
      Lock icon Euro falls broadly on weak growth data
      458 6 CURRENCIES Reuters [NEW YORK] The euro fell across the board yesterday as weak German and eurozone growth data sparked concerns about a slowdown, dampening risk appetite and boosting demand for the safe-haven Swiss franc, yen and dollar. Investors are also focused on a
      Reuters; REUTERS  -  458 words
    • Article, Illustration
      Lock icon QUICKCHART
      448 6  -  by Kim Eng Research Outlook positive The stock has staged a breakout above the strong resistance at $1.50. Prices have rebounded sharply and are holding well above the 100- and 200-day EMAs. RSI (14) and DMIs are also positively directed. The stock appears to be regaining its momentum and
      448 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP GLD 10US$ ***** 475.2 2.3 IS S&P500 ***** 303.2 2.1 DBXT MSKorea 10US$ 5506 174.5 2.7 JMH 5158 128.7 2.1 DBXT FTChina25 10US$ 2816 105.9 3.2 DBXT DBLCI-OY 5US$ 4155 75.8 1.5 Kep Corp.ES.1108 927 58.0 6.7 SIA.ES.1108 1106 53.0 5.0 Hyflux 6% CPS 10
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    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-181.7 -1.3 DBXT E50 10US$ 3667-104.7 -2.3 DBXT AUDMM 5SG$ ***** -78.0 -0.3 Lyxor AsiaCS 10US$ 5321 -62.6 -1.0 OCBC Bk.ES.1108 889 -59.0 -6.2 Jardine C&C 4335 -52.0 -1.2 DBS.ES.1108 1383 -29.0 -2.1 UOB 1860 -27.0 -1.4 CityDev 1001 -25.0 -2.4 OCBC
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      233 7 SID Singapore Institute of Directors pSID DIRECTORS CONFERENCE 2011 Heat Hope: The New Realities In Corporate Governance The annual one-day conference organized by the Singapore Institute of Directors Wednesday, 14 September 2011 Time: 9.00am 5.30pm Venue: Shangri-La Hotel Singapore The 2011 SID flagship conference will cover current hot topics related
      233 words
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      206 7 s Min Jiang at One-North Heirloom Tomato Appetiser Platter 15 August 30 September 2011 Start your meal with this delectable appetiser featuring 4 different culinary presentations of heirloom tomatoes. Prized for their intense and sweet flavour, heirloom tomatoes are also aesthetically unique as they come in a variety of shapes
      206 words
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      38 8 2010 EDITION A collection from The Business Times The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age Available at all leading bookstores 52 interviews by The Business Times journalists
      38 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Number of FG50 Awards candidates falls 40%
      587 9  -  Drop is due to 2009 crisis; but a record 17 SMEs make the list, from 10 in 2010 By KELLY TAY IN the wake of the 2009 global financial crisis, the number of companies which qualified for this year’s Fastest Growing 50 Awards
      587 words
    • Article
      Lock icon DPM Teo renews call for business continuity plans
      489 9  -  By LEE U-WEN SINGAPORE companies have been urged once again to put in place business continuity plans to protect themselves in an increasingly complex and unpredictable environment. Making this call yesterday to some 700 business leaders, Deputy Prime Minister Teo Chee Hean
      489 words
    • Article
      Lock icon Improving the employability of older workers
      627 9  -  By GRACE LEONG TO improve the employability of older workers, Singapore is unlikely to remove cuts to employers’ share of Central Provident Fund contributions unless companies “move from a seniori-ty-based wage system to more of a pay-for-the-job system”, Deputy Prime Minister Teo Chee Hean
      627 words
    • Article
      Lock icon CDL, Hong Realty top bidder for Serangoon site
      610 9  -  By NICHOLAS YEO A TENDER for a 99-year, 305,711 square foot landed housing site at Serangoon Garden Way drew 16 bids yesterday with the highest bid of $105 million, or $343 per square foot (psf) of land area, from a tie-up between
      610 words
    • Article
      Lock icon Indian Heritage Centre to be beacon: Nathan
      337 9  -  By DICKSON LI A BEACON for the Indian communities in Singapore and to ensure that young Indians would not take their heritage for granted in this fast-paced society that sums up the vision behind the founding of the Indian Heritage Centre, said President
      337 words
    • Article
      Lock icon S’pore well equipped to provide urban service solutions: Iswaran
      286 9  -  By MINDY TAN SINGAPORE is well equipped and strategically located to answer Asia’s call for urban services and infrastructure solutions, said Minister in the Prime Minister’s Office S Iswaran yesterday. Speaking at the first Ascendas Investors Day, themed “Dynamic Asia: Calls
      286 words
    • Article
      Lock icon Brand Finance releases Top 100 S’pore brands
      298 9  -  By NICHOLAS YEO SINGAPORE’S top brands got their moment in the sun at the Brand Finance Forum yesterday. The annual “Top 100 Singapore Brands” were released for 2011 and underlined an interesting trend. The top 10 Singapore Brands have been valued at US$18
      298 words
    • Article
      Lock icon WP response to PM’s Rally speech
      228 9  -  By TEO SI JIA THE Workers’ Party (WP) yesterday said it is pleased that the Prime Minister has paid heed to the concerns of Singaporeans on the issues of jobs, housing, education and healthcare costs. In a statement on the Prime Minister’s National Day
      228 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Not time for G-20 to take special action, says World Bank
      570 10 But Bank chief calls for free trade push, warns against rising protectionism Reuters [CANBERRA] The World Bank said it was too early for special action by the Group of 20 (G-20) nations, even as it called for national governments
      Reuters; BLOOMBERG  -  570 words
    • Article
      Lock icon Fed not out of bullets, warns Atlanta chief
      565 10 He says it could alter balance sheet, purchase Treasuries Bloomberg [ATLANTA] Federal Reserve Bank of Atlanta president Dennis Lockhart said that the central bank still has room to manoeuvre if the US economy were to slow further, saying it could purchase more
      Bloomberg  -  565 words
    • Article
      Lock icon Lagarde weighs in on govt debt crises
      455 10 She suggests medium-term consolidation short-term support for growth and jobs Reuters Bloomberg [WASHINGTON] Advanced economies still have options to provide short-term support for jobs and growth even as they focus on medi-um-term fiscal consolidation, International Monetary Fund chief Christine Lagarde said. In an
      Reuters; Bloomberg  -  455 words
    • Article
      Lock icon Global turmoil may hurt Australian business, says RBA
      383 10 Reuters [SYDNEY] Australia’s central bank has said that acute uncertainty created by the turmoil in global financial markets could spill over to business and consumer confidence at home, the main reason that it decided not to raise interest rates earlier this month.
      Reuters  -  383 words
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      95 10 ncial institution that offers fast and flexible loans i At Sing Investments Finance, SMEs can enjoy a ready supply of funds, when they need them. US j. Saii >- NT www.sif.com.sg Head Office 96 Robinson Road, #01 -01, SIF Building, Singapore *****9 TEL 6305 0300 Ang Mo Kio Blk 715,
      95 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia targets higher growth of 6.7% next year
      721 11 It plans to boost infrastructure spending, improve investment climate Reuters AFP [JAKARTA] Indonesia is targeting higher growth of 6.7 per cent next year through increased spending in its 2012 budget on infrastructure and improving the investment climate, while keeping inflation at 5.3
      Reuters; AFP; BLOOMBERG  -  721 words
    • Article
      Lock icon Berjaya Land proposes to buy turf club land
      548 11  -  It intends to build a gated and guarded community there By PAULINE NG in Kuala Lumpur THE Penang Turf Club (PTC) is proposing to sell 21.7ha or about a fifth of its site to Berjaya Land for RM459 million (S$185 million) in
      548 words
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      205 11 Wine, Dine Hospitality Highlights t., J! j low with Moonlit Magic Pan Pacific Singapore is set to impress with baked treasures and snowskin creations, crafted with low-sugar lotus seed paste. Savour exquisite creations such as snowskin specialties Apricot Brandy with Sweet Potato and Hazelnut Feuilletine. Available daily at Pan Pacific
      205 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China in for soft landing: Conference Board
      514 12 Leading indicator rises 1% in June, may ease fears over Europe, US Bloomberg [BEIJING] China will achieve a “soft landing” even as growth moderates after the government tightened monetary policy, The Conference Board said as its main indicator for the economy rose. The
      Bloomberg; BLOOMBERG  -  514 words
    • Article
      Lock icon India wholesale price growth in July slows
      385 12 But it may be insufficient for RBI to slow rate hikes Bloomberg [NEW DELHI] India’s inflation slowed in July, an easing that may be insufficient for the central bank to change its policy of boosting interest rates to contain prices. The wholesale price
      Bloomberg  -  385 words
    • Article
      Lock icon China raises US debt holdings to US$1.17t
      435 12 Bloomberg [NEW YORK] China boosted its holdings of US government debt for a third straight month to US$1.17 trillion in June, while other foreign investors were sellers of Treasuries for the first time since 2009. Investors in the Asian nation raised their note
      Bloomberg  -  435 words
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      38 12 Wd ZM m i "all about Trust X Just as you rely on your regular barber, you can turn to The Straits Times as a trusted source of news, views and reviews. THE STRAITS TIMES. A publication of
      38 words
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  • WORLD
    • Article, Illustration
      Lock icon Zurich faces uphill currency battle
      665 13 SNB assessing options to tame soaring franc Bloomberg [ZURICH] Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency. Swiss National Bank vice-pres-ident Thomas
      Bloomberg; BLOOMBERG  -  665 words
    • GOOGLE’S MOTOROLA BET
      • Article
        Lock icon Boutique banks triumph in Google’s Motorola deal
        449 13 Reuters [NEW YORK] Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc’s blockbuster deal to buy Motorola Mobility Holdings Inc. Motorola hired Centerview Partners and Qatalyst Partners as advisers on a deal expected to generate
        Reuters  -  449 words
      • Article, Illustration
        Lock icon Takeover unleashes more regulatory scrutiny
        462 13 Reuters [NEW YORK] Google Inc, already the subject of antitrust inquiries, likely opened itself up to more regulatory scrutiny with its proposed US$12.5 billion cash acquisition of Motorola Mobility Holdings Inc. Legal experts said government agencies will want to review how Google’s largest takeover ever
        Reuters; REUTERS  -  462 words
      • Article
        Lock icon Google happy with Motorola’s 17,000 patents
        551 13 NYT [NEW YORK] Google, in announcing a mega deal for Motorola Mobility on Monday, saved its warmest words not for Motorola Mobility’s management or its products, but for one valuable asset: the company’s roughly 17,000 patents, as well as an additional 7,500 patents under
        NYT  -  551 words
    • Article, Illustration
      Lock icon Let the US win currency war this time round
      406 13 REUTERS Devaluations will only delay recovery of the top importer Reuters BREAKINGVIEWS [HONG KONG] Currency wars have returned, and this time the world has little choice but to let the United States win. The Fed’s vow to keep US interest rates
      REUTERS; Reuters  -  406 words
    • Article
      Lock icon Hedge funds not profiting from distressed assets
      610 14 Banks have been unwilling to offload bad loans Bloomberg [LONDON] Hedge funds and private-equity firms that raised funds to buy assets from European sellers crushed by the sovereign debt crisis may have to wait to reap a profit. Banks are unwilling to offload
      Bloomberg  -  610 words
    • Article
      Lock icon Warren Buffett buying stocks ‘on sale’ amid market decline
      577 14 His firm increases holding in Wells Fargo Co, US biggest home lender Bloomberg [NEW YORK] Warren Buffett’s Berkshire Hathaway Inc is building equity holdings amid a market decline that the billionaire investor said provided an opportunity for buying stocks “on sale”,
      Bloomberg  -  577 words
    • Article
      Lock icon Goldman, Canada Pension Plan join Woori bid
      246 14 Reuters [SEOUL] US investment bank Goldman Sachs Group Inc and Canada Pension Plan Investment Board have decided to join private equity firm MBK Partners’ bid for Woori Finance Holdings Co Ltd, the country head of MBK Partners said. Yoon Jong Ha told Reuters
      Reuters  -  246 words
    • Article, Illustration
      Lock icon Berkshire has agreed on a successor
      402 14 Buffett says Fed’s signal of economy stalling for 2 years could be wrong AFP [WASHINGTON] American billionaire Warren Buffett has indicated that a successor to head his Berkshire Hathaway firm has already been “agreed on” and could step in as soon as the investment
      AFP  -  402 words
    • Article, Illustration
      Lock icon TRIANGLE OF MUSIC
      84 14 IT IS touted as a stage that Mozart himself would have wanted for one of his much-loved German operas. Berliner Seefestspiele’s premiere of Die Zauberflote (The Magic Flute) couldn’t have been more enchanting set on a monumental pyramid-shaped stage by the Wannsee lake in Berlin. This new
      AP  -  84 words
    • Article
      Lock icon Paulson, Soros pare bank shares in Q2
      471 14 Others also cut holdings before lenders such as Citigroup report losses Bloomberg [NEW YORK] Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc and Bank of America Corp lost
      Bloomberg  -  471 words
    • Article, Illustration
      Lock icon Politician wants France to drop euro
      523 15 Presidential candidate makes case for ‘reasonable protectionism’ Reuters [PARIS] Nicolas DupontAignan knows that he has no chance of winning the French 2012 presidential election but with the euro zone straining at the seams, his plea to abandon the euro is getting more attention than
      Reuters  -  523 words
    • Article, Illustration
      Lock icon Industrial production up 0.9% in July
      760 16 But housing starts drop 1.5% to annual rate of 604,000 that month LATEST US DATA Bloomberg Reuters [WASHINGTON] Industrial production in the US climbed in July by the most this year as carmakers started to shake off the effects of the disaster in Japan
      Bloomberg; Reuters; AP  -  760 words
    • Article
      Lock icon Fitch affirms US credit rating at AAA
      516 16 Rating gives US a reprieve after it was downgraded by S&P Reuters Bloomberg [NEW YORK] Fitch Ratings said yesterday that it affirmed the United States’ top-notch credit rating at AAA, giving the world’s largest economy a reprieve after it was downgraded by Standard
      Reuters; Bloomberg  -  516 words
    • Article
      Lock icon Berlin, Paris to jointly defend euro: Sarkozy
      460 16 AP Bloomberg [PARIS] Germany and France are working on “ambitious” joint proposals to defend the euro, French President Nicolas Sarkozy said. The two countries share an “absolute determination” to defend the euro, he told reporters in Paris yesterday after talks with Chancellor Angela
      AP; Bloomberg  -  460 words
    • Article, Illustration
      Lock icon Hacking widely discussed at UK tabloid, says ex-reporter
      711 16 AFP [WASHINGTON] A disgraced former News of the World journalist said phone hacking was “widely discussed” at the tabloid and ex-editor Andy Coulson sought to cover it up, according to a bombshell letter published yesterday Clive Goodman, who was jailed for hacking
      AFP; AP  -  711 words
    • Article
      Lock icon Oil still spilling via smaller, secondary leak: Shell
      383 16 AFP [LONDON] Shell said yesterday that two barrels of oil per day were still spilling into the North Sea from its Gannet Alpha platform through a second leak, despite having brought most of it under control. “The primary leak in the flow
      AFP  -  383 words
    • Article
      Lock icon S&P suffers downgrade as US bonds perform well
      642 17 Yield on 10-year Treasury drops to 2.03% from this year’s high of 3.77% Bloomberg [NEW YORK] Eleven days after lowering the credit rating on the US for the first time, Standard Poor’s is suffering a downgrade among global investors as American bonds
      Bloomberg  -  642 words
    • Article, Illustration
      Lock icon Elvis fans travel to Graceland to pay respects
      401 17 AP [MEMPHIS, Tennessee] Silent mourners with heads bowed and candles in hand paid their respects to Elvis Presley at his grave at Graceland, his longtime Memphis home, to remember the 34th anniversary of his sudden death. Thousands of Elvis devotees walked in
      AP  -  401 words
    • Article
      Lock icon Philippines protests WTO ruling on its alcohol tax
      302 17 Reuters [MANILA] The Philippine government will ask the World Trade Organisation (WTO) to revisit a ruling that declared a tax levied on spirits from the European Union and the United States in violation of the trade body’s rules, a senior official said
      Reuters  -  302 words
    • Article
      Lock icon Bank of America to sell Canadian card business
      531 17 US$8.6b portfolio to be sold to Canada’s TD Bank Group; BOfA also eyes exit in UK, Ireland Reuters [CHARLOTTE, North Carolina] Eager to shed assets and rebuild its battered capital base, Bank of America Corp said on Monday it plans to sell
      Reuters  -  531 words
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  • Page 14 Advertisements
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      63 14 FREEGOODIEBAG with every September issue purchased at PlayTest@COMEX! Enjoy 30% off subscription gifts. PlayTest@COMEX Learn tips and tricks about gadgets and tech at our exclusive seminars. Date: 1-4 Sep 2011 (Thu-Sun) Venue: Suntec Convention, Level 2 Meeting Rooms 208-209 Log on to www.playtest.sg for details of seminar topics and registration.
      63 words
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  • Page 15 Advertisements
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      864 15 Register by Sept 1 to save US $500 on the most advanced information security courses in Singapore! IM, Event Location: Suntec Singapore International Convention Exhibition Centre "SAIMS has been the best learning experience in my career as a security professional." -Mohamed Narin, Verizon Business "SAIMS is the most knowledgeable in
      864 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      444 17 :*ATci NOTICES KXD DIGITAL ENTERTAINMENT LIMITED (THE “COMPANY”) (Incorporated in Singapore) (Company Registration Number: *****0931H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the members of the Company called pursuant to Section 177 of the Companies Act (Chapter 50 of Singapore)
      444 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon ‘Don’t fight the Fed’ losing its cachet
      525 18 EDITORIAL MANY investors have great faith in the market slogan: “Don’t fight the Fed”. In simple terms, it means that it would be foolish to bet against US Federal Reserve monetary policy. So if the Fed adopts an ultra-accommodative stance as it has
      525 words
    • Article, Illustration
      Lock icon Germany must defend the euro – and soon
      822 18  - Germany must defend the euro and soon THE BOTTOM LINE GEORGE SOROS The writer is chairman of Soros Fund Management and of the Open Society Institute Project Syndicate [NEW YORK] Financial markets abhor uncertainty; that is why they are now in crisis mode. The governments of the eurozone have taken
      Project Syndicate  -  822 words
    • Article, Illustration
      Lock icon World Congress to play key environmental role
      1011 18  -  It will discuss legal issues on environmental sustainability and sustainable development By ZAHEER MERCHANT The writer is director for corporate affairs in the QI Group of Companies and a member of the High Level International Advisory Committee established under UNEP in its lead-up
      AFP  -  1,011 words
    • Article, Illustration
      Lock icon Reagan-like win unlikely in 2012
      1269 19  -  Most voters favour Obama’s approach to dealing with deficit LEON HADAR Washington Correspondent IN 1964, Barry Goldwater, a Republican senator from Arizona charismatic, highly intelligent, a World War II air force pilot and an ultra-con-servative politician calling for the dismantling of the welfare state and
      REUTERS  -  1,269 words
    • Article, Illustration
      Lock icon Is Fed’s monetary policy really loose?
      968 19  -  By RAMESH PONNURU The writer is a Bloomberg View columnist and a senior editor at ‘National Review’. The opinions expressed are his own THE US Federal Reserve is now the subject of more political controversy than at any point since the beginning of the
      REUTERS  -  968 words
    • Article
      Lock icon Temasek’s share of Singapore economy probably about 10%
      215 19 LETTER TO THE EDITOR WE are puzzled by recent and mistaken claims that Temasek’s “stake in the Singapore economy could be almost 60 per cent”. Gross Domestic Product or GDP measures the output of an economy. In March 2001, the Singapore Department
      215 words
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  • TransportHUB
    • Article
      Lock icon Singamas’ H1 profit up almost 10-fold
      358 20  -  For the same period, revenue more than doubles to US$1.02b from US$488.4m By JOYCE HOOI [SINGAPORE] Singamas Container Holdings gained even more ground on the financial comeback that it made last year, posting a net profit of US$111.8 million for the six months ended
      358 words
    • Article
      Lock icon Crude tanker rates to be low this week
      433 20 Reuters [SINGAPORE] Rates for crude tankers on key Asian freight routes are expected to hover near multi-year lows this week as more operators refuse to agree to depressed rates despite an ever expanding tanker fleet. For clean tankers, rates are seen rising
      Reuters  -  433 words
    • Article
      Lock icon Charter rates for bulk carriers set to stay low into 2012: Norden
      233 20 Bloomberg [LONDON] D/S Norden A/S, Europe’s largest publicly traded commodities-ship-ping company, said charter rates for bulk carriers will likely stay at low levels into 2012 as excess vessel supply cuts what owners can charge. “It will be challenging
      Bloomberg  -  233 words
    • Article
      Lock icon Latest seafarer deal a major achievement
      1074 20  -  IBF now a forum for discussing multiple employment issues STRAIT TALK By DAVID HUGHES OVER the past few weeks, much of the news coming out of the shipping industry has been gloomy. Confidence within the industry has taken a hit and reports of charter
      1,074 words
    • Article, Illustration
      Lock icon Billionaire Wilbur Ross bets on end to shipping slump
      1084 20 Bloomberg [LONDON] Billionaire Wilbur Ross is betting that the slump in shipping which drove oil-tanker returns to a 14-year low and rates for commodity carriers to the cheapest in a decade is ending. The 73-year-old, whose New York-based private equity firm
      Bloomberg; REUTERS  -  1,084 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Aug 16 S$ +/-Vol CH Offshore 0.39 unch 76 Chuan Hup Hldg 0.22 -0.01 1009 Cosco Corp 1.11 -0.02 ***** CWT Ltd 1.07 -0.05 2451 Ezra Hldgs 0.96 0.06 ***** First Ship Lea 0.28 -0.01 2022 Freight Links 0.06 unch 2983 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Asia, lower-cost carriers to drive demand: Airbus
        420 21 It expects to keep production flat or slightly higher in event of a recession Reuters [SYDNEY] European planemaker Airbus expects aircraft production to be flat or slightly higher in the event of another global economic downturn as growing demand for medi-um-haul jets in
        Reuters; FILE PHOTO  -  420 words
      • Article
        Lock icon Russia’s Transaero buys 12 A320neo jets
        199 21 AFP [MOSCOW] Russia’s Transaero airline has signed a preliminary agreement with Airbus to buy up to 12 A320neo jets, a company spokesman told AFP yesterday. Transaero, Russia’s second largest airline, and Airbus signed a “memorandum to buy eight A320neo planes” Transaero spokesman Sergei Bykhal
        AFP  -  199 words
      • Article, Illustration
        Lock icon Cathay cargo throughput falls 11%
        301 21 Continued weak demand in China, HK blamed for drop [HONG KONG] Cathay Pacific Airways said yesterday that its cargo throughput in July fell 11 per cent from the same month a year earlier, the fourth consecutive month of contraction, on continued weak demand in Hong
        AFP  -  301 words
      • Article
        Lock icon Aviation arm boosts John Menzies’ H1 earnings
        196 21 Reuters [BANGALORE] John Menzies plc has reported a 30 per cent jump in its firsthalf pretax profit, aided by a boost in demand for its aviation services, and said it was on track to exceed its expectations in the business. John Menzies, which
        Reuters  -  196 words
      • Article
        Lock icon FAA move to curb secrecy of private flights draws flak
        1039 21 Critics complain of lost privacy, take case to court NYT [NEW YORK] Imagine that every car had a global positioning device and that before every trip, drivers were required to let the traffic authorities know where they were going. And
        NYT  -  1,039 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon China car sales seen staying lethargic in H2
        1085 22 As priorities change, buyers are no longer guided solely by price, say analysts EJ Insight [HONG KONG] Car sales in China will remain sluggish in the second half of the year as price cuts alone will not be enough to boost demand
        EJ Insight; AFP  -  1,085 words
      • Article
        Lock icon GM, Toyota top US customer satisfaction index
        193 22 Bloomberg [MICHIGAN] General Motors Co’s (GM) Cadillac brand and Toyota Motor Corp’s namesake division and luxury Lexus line topped the American Customer Satisfaction Index’s annual ranking of carmakers. Toyota was the only non-premium brand in the top five, tying Cadillac and Lexus with
        Bloomberg  -  193 words
      • Article, Illustration
        Lock icon Chrysler aims to duplicate Canada sales in the US
        679 22 Bloomberg [DETROIT] Chrysler Group’s new head of US sales will try to duplicate the gains he made for the carmaker in Canada, where it’s almost tied for the No 2 seller of vehicles and has already exceeded market-share targets set for
        Bloomberg; BLOOMBERG  -  679 words
      • Article
        Lock icon CSR now sole high-speed train maker
        201 22 EJ Insight [BEIJING] High-speed railway development is at a point of no return for China as the country has so far invested more than one trillion yuan (S$188.6 billion) in the sector. Despite the recent suspension of approvals for new projects relative to the
        EJ Insight  -  201 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      345 21 CRYPTIC CROSSWORD Across 1 How one might describe daughter exciting males? (6) 5 Distant commander with a touch of levity? That’s ridiculous (8) 9 Reduce in importance a neat duvet filler’s principle? (3,4,2,4) 10 Old man taking in a number with sheep in wide survey (8) 11 A vote celebrity
      345 words
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      37 22 paramore LIVE IN SINGAPORE 201 1 21 August 2011 at 8pm SINGAPORE INDOOR STADIUM WIN EXCLUSIVE TICKETS 0N91.3FM TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS Presented by Midas Promotions www.midaspromotions.com OFFICIAL RADIO STATION
      37 words
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      11 22 www.omy.sg c\ 1$^ Reserved Seating I k k k yzone.omy.sg MAJWVTOtttf
      11 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8349 23 Transaction date: Aug 16 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 12 8Telecom 12 -1.8 50 12 12 12 15.5 7.8 5.1 2.5 57.5 10.5 4.5 A-Sonic 5.9 5.6 6
      8,349 words
    • Article
      Lock icon SGX CATALIST
      1599 24 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 14.5 t 800 Super 15 -0.1 1579 15.7 15 15 15.4 5.2 26.8 5.5 3.7 t AA Grp 4 2.8 4 19 3.9
      1,599 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9862 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.24/ APS Alpha Fund (USD)!** 1.03/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.61/ Aberdeen Asset Mgt Asia Limited American Opp 0.5594/ Asian Credit Fund
      9,862 words
    • Article
      Lock icon GLOBALQUOTE
      231 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd 39.5 42 3.6 8.6 3.2 105.5 55 27 Genting HK US$ US33.5 -0.5 ***** 35 33.5 33.5 34 2205.8 21 10 OGL Resources
      231 words
    • Article
      Lock icon SGX ETF
      918 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 127 108 ABF SG Bond ETF 126 +1 2 126 126 116.1 126 575.2 1207 902 CIMBAsean40 100US$ US1042 1033 1050 41.7 350 278 DBS STI
      918 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 15 Index Change Change Change Change Change Change World Index Preliminary 815.2 1.0 -9.2 0.6 -12.1 1.4 -6.4 EAFE Preliminary 690.9 1.1 -13.7 1.0 -13.5 1.9 -7.9 Europe Preliminary 1005.2 0.8
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Aug 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.89 1.07 WTI (Near Mth) 87.91 2.20 Dubai (1-Mth F) 103.05 0.29 Tapis blend 113.34 0.82 Minas 109.34 0.82 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.39 1.20 Jet Kerosene 123.00 0.50 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Aug 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1343.50 1337.00 1344.75 1331.00 Sep 11 1351.25 1327.75 1351.75 1338.00 Nov 11 1362.25 1334.75 1362.50 1349.25 Jan 12 1369.00 1345.75 1368.75 1357.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 54.91
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 25 Aug 16 Aug 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 17.11.2011 0.10 0.03 0.03 1-Year BY*****X 02.05.2012 0.14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.97 5-Year N*****0W 1.125 01.04.2016 102.77
      83 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 25 Aug 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6225 0 2572 Dec11 99.5250 0 5155 Mar12 99.5550 0 1168 Jun12 99.5900 0 1874 EUROYEN TIBOR FUTURES Sep11 99.6800 0 1283 Dec11 99.6850 0 1478 Mar12 99.6925 2 2083 Jun12 99.6900 0 1376 Sep12 99.6150
      457 words
    • Article
      Lock icon SICOM FUTURES
      168 25 Aug 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 463.5 462.0 462.5 20 300 Oct 11 463.0 462.5 462.7 18 382 Nov 11 467.2 465.0 464.5 41 391 Dec 11 467.0 466.0 465.8 32 498 Jan
      168 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      77 25 As on 15 August 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 Oct-11 1756.4 1733.5 1755.6 1741.2 Silver Cash Sep-11 39.53 39.285 39.395 39.125 CURRENCY Euro-US Dollar Cash Sep-11 1.4471 1.4257
      77 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Aug 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.3 1.227 Can dollar 1.246 1.199 Euro 1.768 1.7 Sterling pound 2.004 1.927 NZ dollar 1.025 0.977 US dollar 1.218 1.172 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 25 Aug 16 Open High Sett STI Aug 2828 SIMSCI Aug 330.9 333.7 326.2 Taiwan Aug 272.6 274.9 270.7 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2413 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 42 4.94 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 0.8 1
      2,413 words
    • Article
      Lock icon INTERBANK RATES
      177 25 Aug 16 $S Offer Bid 0vernight 0.03 0.01 1-month 3/16 1/16 2-months 1/4 1/8 3-months 5/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      177 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 25 Aug 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.026 6.662 0.725 8.132 47.221 89.012 0.802 11.184 3.108 1.255 90.373 44.221 1.256 7.444 0.818 30.192 31.163 0.639 1.043 Canada 0.975 6.493
      462 words
    • Article
      Lock icon SIBOR
      85 25 Aug 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      137 25 Aug 16 GOLD (US$/oz) Aug 16 Aug 15 Hong Kong 1777.20 1743.60 Aug 15 Aug 12 London 1739.66 1729.09 1740.66 1730.31 Source: Thomson Reuters CAST BAR Aug 16 (S$) Selling Buying Kilobar 73,200.84 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 466 342 10gm 832
      137 words
    • Article
      Lock icon LONDON METALS
      70 25 Aug 15 Aug Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2339.50 2364.90 3 months 2375.00 2400.00 Copper, Grade A (US$/tonne) Cash 8888.25 8845.25 3 months 8908.00 8865.00 Lead (US$/tonne) Cash 2400.25 2378.25 3 months 2398.00 2380.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Aug 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2552 1.2559 1.0433 1.0436 Canadian dollar 1.2233 1.2242 1.0168 1.0173 Euro 1.7320 1.7325 1.4396 1.4397 NZ dollar 0.9999 1.0003 0.8311 0.8312 Sterling pound 1.9657 1.9667 1.6339 1.6343
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Aug 16 S$ Bid Offer 1-month 1.2026 1.2033 2-months 1.2022 1.2030 3-months 1.2016 1.2029 6-months 1.1976 1.1989 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      65 25 Aug 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3140 3126 3168 3118 1111 9432 Oct 11 3068 3046 3084 3035 4971 ***** Nov 11 3035 3002 3045 2993 ***** ***** Dec 11 3017 2984
      65 words
    • Article
      Lock icon LIFFE
      82 25 Aug 15 COCOA (£/tonne) Close Prev High/Low Sep 11 1837 1838 1862/1832 Dec 11 1853 1852 1876/1848 Mar 12 1872 unch 1891/1868 May 12 1883 1882 1893/1880 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2296 2248 2340/2237 Nov 11 2329 2280 2365/2270 Jan 12 2338 2292 2374/2284 Mar 12
      82 words
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  • Article
    Lock icon SHIPPING TIMES
    5119 26 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 JIMFLUSH Muscat/Sharjah/Doha *Loads
    5,119 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      41 26 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      41 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      296 28 ftVl ut^ eS 44 "W* as ibeX ave c^. China Opportunities and Strategies Timely moves to optimize potential 1 Allianz (m) Global Investors The opportunities in China can never be underestimated. Despite inflationary concerns, the valuations of Chinese equities remain attractive on strong earnings fundamentals. With the 12th Five-Year Plan
      296 words
  • executive Money
    • Article, Illustration
      Lock icon Living in a more volatile world
      973 28  -  These days, 'risk free’ and 'Treasuries' are no longer interchangeable terms By JEFF SOMMER NYT IT’S been dizzying. The markets have been swinging madly up and down mainly down for equities, as anyone in the stock market knows too well. How bad has it
      NYT; AP  -  973 words
    • Article, Illustration
      Lock icon Insurance advice: What banks need to do
      922 29  -  At the very least, they should tell customers outright they’re not independent advisers and encourage them to shop around COMMENTARY GENEVIEVE CUA Personal Finance Editor DO bank advisers give independent advice when it comes to insurance products? The answer is most often no
      922 words
    • Article, Illustration
      Lock icon Buy-and-hold approach untenable today: Lipper
      533 29  -  Analyst says it’s difficult to justify a passive stance in current conditions By GENEVIEVE CUA BUY and hold investing is increasingly “untenable” in today’s volatile environment, says Lipper senior research analyst (Asean) Rajeev Baddepudi. In a briefing on the second quarter performance of funds in
      FILE PHOTO  -  533 words
    • Article, Illustration
      Lock icon Skinning the cat called stock market volatility
      1340 30  -  Strategies for minimising loss range from the simple collar to futures and structured notes By PAUL SULLIVAN NYT THE stock market in the last week has been the very definition of volatile, up one day, down the next, then up again the day
      NYT; PHOTO: THE NEW YORK TIMES  -  1,340 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      245 29 > Best Speed of Execution Best Research and Analytics a FX Traders You'll be in good company > 7k 7k 7k 7k Best Effective Risk Management and Execution Strategies Best Integrated Workflow and Compliance Solutions Best Improved Overall Best Improved Overall Market Share by Volume Market Share by Volume (S5bn
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      87 30 Deutsche Bank db.com Connecting Asia's capital markets with global investors. Best Global Debt House Euromoney Awards for Excellence 2011 Best International Bond House FinanceAsia Achievement Awards 2010 Bond House of the Year IFR Asia Awards 2009 2010 This advertisement has been approved and/or communicated by Deutsche Bank AG and appears
      87 words