The Business Times, 14 September 2011

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Microfilm: NL31620
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Wednesday, September 14,
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  • Article
    Lock icon New consumer data protection law looms for businesses
    713 1  -  By KELLY TAY [SINGAPORE] Businesses in Singapore may soon have to grapple with a new consumer data protection law. The Ministry of Information, Communications and the Arts (Mica) yesterday said that it is seeking feedback on its proposed framework to regulate the
    713 words
  • Article
    Lock icon MARKETS DIGEST
    139 1 HST INDEX 2,729.37 (-14.21) HST INDEX FUTURES 2,730.00 (-14.00) HSIMSCI 313.41 (-0.70) HSIMSCI FUTURES 313.60 (-0.20) FOREX US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.579 1.954 EURO (US$/S$/E) 1.358 1.681 Foreign currency per US$ S$ YEN 76.90 62.20 RM 3.053 2.467 HK$ 7.802 6.305 BAHT 30.18
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  • Article, Illustration
    Lock icon OCBC turns to back-up system as glitch bites
    732 1  -  Four-hour outage after technical breakdown; MAS may take ‘appropriate action’ By SIOW LI SEN, WINSTON CHAI [SINGAPORE] It’s the stuff of banking nightmares. Around 9am yesterday, just as the business day was kicking off, OCBC Bank found its core banking system paralysed
    THE STRAITS TIMES  -  732 words
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      42 1 TRANSPORT HUB Chevrolet upbeat on its first MPV model PAGE 19 Property 2011 Suburban rents. Strata-titled units. Ultra luxurious apartments. Office rents. Don’t miss these and other elements of the Singapore property market in this special feature coming with your BT tomorrow.
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      11 1 STRAIT TALK Focus on quality not quantity PAGE 17 *****1 *****4
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      79 1 EXEC MONEY Investors wary of European banks PAGE 27 HOCK LOCK SIEW Time to address the concerns of retail brokers PAGE 5 DRIVIN EXCELLENC e =P JP 1 4 sPi bar Jj 3]opments_9-^M -p^p \M M SC GLOBAL AND PORSCHE ARE PROUD TO PRESENT THE ELECTRIFYING PORSCHE SC GLOBAL CARRERA
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      589 2 OCBC turns to back-up system as glitch bites IT’S the stuff of banking nightmares. Around 9am yesterday, just as the business day was kicking off, OCBC Bank found its core banking system paralysed by a technical fault. The disruption knocked out its ATMs, Internet and mobile banking, affecting
      589 words
    • Article, Illustration
      Lock icon Controversy flies over EPL sponsorship
      500 2  -  AirAsia-MAS plan to sponsor kits used by QPR hits turbulence By S JAYASANKARAN in Kuala Lumpur CRITICISM has greeted a Monday announcement that both AirAsia and Malaysia Airlines (MAS) would sponsor kits used by members of English Premier League (EPL) team Queen’s Park Rangers (QPR),
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    • Article
      Lock icon US super panel urged to go big on deficit cuts
      468 2  -  By LEE U-WEN By in Washington, DC A HIGH-LEVEL group of economists, business leaders and former senior Treasury officials has urged a new congressional committee to adopt a “go-big approach” that would extend beyond the US$1.5 trillion deficit reduction target.
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    • Article
      Lock icon Is it a bird? Is it a plane? It’s RedQ
      440 4  -  Qantas’ new region-based carrier may have picked a name to fly with By VEN SREENIVASAN [SINGAPORE] Business executives and other air travellers may soon be lining up for RedQ, the likely name for Qantas’ new South-east Asia-based premium carrier. Reports
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    • Article, Illustration
      Lock icon Italy under pressure as debt default fears worsen
      1062 4 It has to pay record interest to sell its bonds as it races to calm market fears Reuters AFP [ROME] Italy had to pay record interest to sell its bonds yesterday as it raced to calm market fears that it was losing
      Reuters; AFP; REUTERS  -  1,062 words
    • Article
      Lock icon IMF releases 3.98b euros in loan to Portugal
      600 4 AFP Reuters [WASHINGTON] The International Monetary Fund (IMF) said it was immediately releasing about 3.98 billion euros (S$6.8 billion) to Portugal, part of a three-year rescue of the eurozone country. The IMF executive board on Monday completed a review of Portugal’s performance
      AFP; Reuters  -  600 words
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      211 2 Master of Science in Wealth Management My vision... To be a trusted professional wealth manager. Jointly offered by the Wealth Management Institute and Singapore Management University, the Master of Science in Wealth Management imparts more than theoretical knowledge. It equips you with the expertise required to meet the complex and
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      504 2 KPMG KPMG Seminar Series cutting through complexity i r Financial Reporting Standards 2011 Update Date Time: Wed, 19 Oct 2011 (0830 -1730) Venue: M Hotel Singapore Registration Closing Date: Friday, 5 October 2011 Enquiries: Wong Woon Ling (Ms) Telephone: +65 6213 2618 Facsimile: +65 6221 7204 woonlingwong@kpmg.com.sg Seminar Fees: Client/KPMG
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      131 3 Europe s best airline. 18.8 million voted. One was named. Every year, Skytrax, the world's civil aviation audit and service benchmarking programme, announces the best in the airline business. They do this by simply asking frequent flyers. In 2010,18.8 million passengers were asked to choose their favorite airline in Europe.
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      187 4 FOOD NGRED ENT5 ASIA :r Food ingredients Asia 2011 21 23 September 2011 Queen Sirikit National Convention Center, Bangkok, Thailand OPENING HOURS 21-22 September 2011 10.00-18.00 23 September 2011 10.00 -17.00 Register online today for FREE show catalogue! k Before: 16 Sep THE ONLY DEDICATED FOOD INGREDIENTS EXHIBITION IN THE
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      11 4 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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  • COMPANY NEWS
    • Article
      Lock icon Time for cherry-picking?
      737 5  -  STI component stocks look cheap but analysts warn of caps to appreciation By MICHELLE TAN COMPONENT stocks of the Straits Times Index (STI) have been heading downward, with seven of the 30 constituents now trading below their book values as contagion fears continue to rob markets of
      737 words
    • Article
      Lock icon Time to address retail brokers’ concerns
      657 5  -  HOCK LOCK SIEW By R SIVANITHY THERE’S a strong sense of quiet resignation and resentment brewing within the ranks of retail brokers, negative emotions that stem from a growing belief that their days as market intermediaries are numbered with each new initiative announced by
      657 words
    • Article
      Lock icon Keppel O&M unit wins $143m crane ship deal
      322 6  -  It will build world’s largest sheerleg floating crane vessel for JV firm Asian Lift By LYNN KAN A SUBSIDIARY of Keppel Offshore and Marine (Keppel O&M) will build the world’s largest sheerleg floating crane vessel, in a contract worth $143 million. The
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    • Article
      Lock icon Technics O&G secures $32m deal
      215 6  -  By JOYCE HOOI TECHNICS Oil Gas has won a $32 million contract from Vietsovpetro for the provisioning of topside modules for two wellhead satellite platforms in offshore Vietnam. Vietsovpetro is a Vietnamese-Russian joint venture set up in Vietnam by state-owned Petrovietnam and Zarubezhneft of Russia.
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    • Article
      Lock icon ST Engg shares hold steady after news of exec’s arrest
      389 6  -  By JAMIE LEE SHARES of ST Engineering escaped unscathed yesterday following news that a senior officer, as well as some current and former employees, had been arrested over investigations into falsified accounts. The stock lost just one cent or 0.35
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    • Article
      Lock icon SGX plans enhancements to derivatives default mgt
      312 6  -  Part of continuing review of risk mgt practices By JAMIE LEE THE Singapore Exchange (SGX) yesterday proposed changes to its default management framework for ex-change-traded and over-the-counter derivative contracts, amid the latest round of scrutiny over the role and strength of central counterparties
      312 words
    • Article, Illustration
      Lock icon Mining sector seen cheap and ripe for M&As
      620 6 Reuters [LONDON] The mining sector is ripe for mergers and acquisitions, with tight supplies of metal, still solid demand, and share prices that have suffered this year, said Neil Gregson, co-manager of JP Morgan Asset Management’s Natural Resources fund. “The whole sector
      Reuters; AFP  -  620 words
    • Article, Illustration
      Lock icon DBS China makes great strides in H1
      468 10  -  Earnings soar 160% while deposits rise 90% in H1; it also opens 6 new outlets By DOLLY CHIA DBS Bank (China), a subsidiary of DBS Bank, said yesterday that its first-half earnings in 2011 have already surpassed its full-year earnings in 2010. This
      BLOOMBERG  -  468 words
    • Article, Illustration
      Lock icon Profits elude private bankers in booming India
      1261 10 A narrow product range, rising competition and falling advisory fees among the reasons ANALYSIS Reuters [MUMBAI] Ajay Piramal is just the sort of big fish every Indian private banker would love to land. With businesses from healthcare to glass and property, the 56-year
      Reuters  -  1,261 words
    • Article
      Lock icon PICTET
      266 10 Pictet-Absl Rtn Glo Cons-P EUR 09.09.2011 EUR 101,08 Pictet-Absl Rtn Glo Div-P EUR 09.09.2011 EUR 113,19 Pictet-Asian Equities Ex Japan-P USD 09.09.2011 USD 165,68 Pictet-Asian Local Currency Debt-P USD 09.09.2011 USD 148,89 Pictet-Biotech-P USD 09.09.2011 USD 277,70 Pictet-CHF Liquidity-P 09.09.2011 CHF 124,25 Pictet-Clean Energy-P USD 09.09.2011 USD 65,03 Pictet-Digital
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      318 5 ■r r .!3» Fii~ ai NOVENA Specialist Center Premier Medical Suites Located in a World Class Healthcare Hub An Excellent Investment Opportunity Novena Specialist Center is seamlessly connected to Oasia Hotel, Novena Surgery, Parkway Laboratory Services and Novena MRT Station, which is only two MRT stations away from Orchard Road.
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      1485 6 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg (Resolution 1) (Resolution 2) (Resolution 3) (Resolution 4) (Resolution 5) (Resolution 6) (Resolution 7) (Resolution 8) VAN DER HORST ENERGY LIMITED (Registration No. *****1941G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2011 Annual General Meeting of Van der Horst
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      509 6 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SINGAPORE AFRICA INVESTMENT MANAGEMENT PTE LTD (In Members' Voluntary Liquidation) Reg NO.*****6063R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting
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      91 7 i With daddy s help we enjoy better journeys < I i N fe *1 > v v i r5 i i Hi ii Si A P SENTOSA EXPRESS MONORAIL DUBAI MONORAIL OKINAWA MONORAIL TOMORROW TOGETHER The Hitachi team delivers better journeys with our Monorail System, the preferred eco-friendly urban
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Early bounce fizzles out
      572 8  -  Soft Europe opening turns the tide, resulting in a loss for the ST Index STOCKS R SIVANITHY Senior Correspondent ASHORT-COVERINGbounce yesterday after Monday’s 82point loss first took the Straits Times Index (STI) to an intraday high of 2,781 but a soft opening for Europe resulted in
      Source: Bloomberg  -  572 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 2 0 0 0 5 7 2 Manufacturing 50 44 41 3 2 6 53 46 47 Commerce 25 13 15 5 3 2 30 16 17 Tpt/Stor/Comms 17 13 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,609 22,609 82,047 82,047 Manufacturing 158,493 7,441 165,934 178,806 56 178,862 Commerce 111,028 4,107 115,135 119,149 503 119,652 Tpt/Stor/Comms 91,511 518 92,029 136,618 54 136,672 Finance 16,050 16,050 164,484 164,484 Construction 22,938 12,495 35,433 6,227
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.285 +0.005 CapitaLand 2.500 -0.010 CapitaMall 1.845 -0.020 CityDev 9.820 +0.010 ComfortDelGro 1.315 DBS Grp 12.200 -0.150 F&N 5.580 -0.020 GLP 1.670 -0.020 Genting SP 1.645 +0.010 Golden Agri 0.650 -0.005 HK Land 5.140 -0.220 JMH 49.750 -1.030 JSH 28.500 -0.080
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Sep 13 VALUE CLOSE BT OB/OS -221.00-215.00 BT CADI -*****.00 +21.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 636.30 +0.70 FTSE ST Small Cap 434.45 -0.39 FTSE ST All Share 662.54 -2.64 FTSE ST China Top 198.05 -1.16 FTSE ST China 232.73 -3.42 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Genting SP 109,025,000 Noble Grp 41,175,000 Sheng Siong 35,836,000 Golden Agri 35,499,000 MDR R 27,552,000 SingTel 20,723,000 SembMar 20,274,000 Yangzijiang 18,925,000 *Genting HK US$ 18,233,000 Yanlord 17,308,000 VALUE($) Genting SP 182,309,719 SembMar 76,217,530 DBS Grp 71,864,505 SingTel 63,552,180 Noble Grp 63,088,315 Keppel Corp 49,442,670 UOB 48,143,080
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    • BROKERS’ TAKE
      • Article
        Lock icon Suntec Real Estate Investment Trust
        283 8 Sept 13 close: $1.27 DBS Group Research, Sept 13 UBS is understood to have renewed its lease for about 150,000 square feet (sq ft) at Suntec Tower 5 for three years. The bank is currently occupying the entire top two floors of the 18storey Suntec
        283 words
      • Article
        Lock icon Sabana Syariah Compliant Reit
        474 8  -  Compiled by CONRAD TAN Sept 13 close: $0.88 Phillip Securities Research, Sept 13 SABANA Reit purchased two industrial properties, comprising a factory and a warehouse in western Singapore. The property at 3A Joo Koon Circle is a two-storey building with a mezzanine floor and a three-storey
        474 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • Article, Illustration
      Lock icon Euro rangebound as Greece fears weigh
      530 8 CURRENCIES AFP [TOKYO] The euro moved in a tight range against the US dollar and yen yesterday following steep falls on Monday, but markets remained risk averse amid worries over Greece’s ability to avoid a debt default. The euro showed resilience overnight after hitting
      AFP; BLOOMBERG  -  530 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5233 190.5 3.0 Lyxor AsiaIT 10US$ 2275 63.1 2.3 DBXT AUDMM 5AU$ ***** 56.0 0.2 OCBC Bk 5.1%NCPS 100 ***** 40.0 0.4 DBXT S&P500 10US$ 1853 38.3 1.7 DBXT MSJAP 10US$ 3515 23.5 0.5 DairyFarm 871 22.3 2.1 Lyxor Nasdaq100 10US 882
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    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN GLD 10US$ *****-381.0 -1.7 Lyxor AsiaMT 10US$ 5673-262.2 -3.6 JMH 4975-127.4 -2.0 Lyxor EmergingMkts 1 975 -92.8 -7.1 Lyxor LatinAmerica 1 745 -71.7 -7.2 DBXT DBLCI-OY 5US$ 4284 -52.0 -1.0 Lyxor MS India 10US$ 1317 -52.0 -3.1 DBXT CSI300 10US$ 882 -48.2 -4.2 DBXT MSPacExJp
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      220 9 THE STRAITS TIMES. V J3XUA m K '0' M t M V£l Print. V< k* Online. i. 4 CL THE STRAITS TIMES. ($24.65 per month) A ST Online ($26.65 per month) iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for just $2
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      139 10 mavenalliance www.mavenalliance.biz Maven Alliance is proud to present the following workshops by Mr. Tan Sin Liang Compliance Lawyer Compliance Law Series Understanding AML/CFT Laws, 24 Nov 2011 Understanding Implementing MAS Notice 626, 25 Nov 2011 Understanding Implementing the Financial Advisers' Act, 2012 Understanding Implementing the Securities Futures Act, 2012 General
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      34 10 o iTili M A JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
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      676 10 MATS NOTICES TAT SENG PACKAGING GROUP LTD (Incorporated in Singapore) (Company Registration No. *****2806M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Tat Seng Packaging Group Ltd (the "Company") will be held at 10am on 29 September 2011 at 348 Jalan Boon
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Jayakumar to rejoin NUS law faculty on Oct 22
      211 11 SINGAPORE’s former senior minister S Jayakumar will rejoin the National University of Singapore’s (NUS) law faculty on Oct 22 this year without any remuneration. He will provide guidance and advice to the Centre for International Law (CIL) and assist it to
      211 words
    • Article
      Lock icon China bubble? It’s a creation of bubble industry: Foster
      465 11  -  Rabobank exec says risks in Chinese housing overstated By TEH HOOI LING IF there is a bubble, it is the bubble industry itself, said Adrian Foster, Rabobank’s head of financial markets research, Asia Pacific. With “bubble industry”, he meant experts who
      465 words
    • Article
      Lock icon Engage with Russia differently: envoy
      231 11  -  By MICHELLE YEO RUSSIA, with its immense resources, may be an economic magnet, but Singapore should look at changing the way it engages it. Instead of merely building up existing business connections there, Singapore should offer Russia access to the new generation of emerging markets
      231 words
    • Article
      Lock icon State Street Bank eyes more non-US acquisition targets
      466 11  -  By LYNETTE KHOO STATE Street Bank is still eyeing more acquisitions outside of the United States as part of its plan to double non-US revenue by 2015. The American institutional lender, which opened its Brunei office yesterday, may also add more offices
      466 words
    • Article
      Lock icon JLL sees no housing glut in 2014 and 2015
      419 11  -  Holding a contrarian view, it says demand for homes will likely remain fairly stable By UMA SHANKARI THE residential market here will not see a correction in 2014 and 2015 even though a sizeable amount of new homes is due to
      419 words
    • Article
      Lock icon Industrial plot draws cautious response
      473 11  -  OKH’s top bid for Woodlands Ave 12 land at $142 psf ppr By KALPANA RASHIWALA THE more cautious bidding mood among developers for residential land at state tenders that began last month has spread to the industrial market. Yesterday, a 60-year leasehold industrial plot at
      473 words
    • Article
      Lock icon Exercise to be held to test banking resilience
      262 11 THE financial sector will hold an industry-wide exercise tomorrow to test its business continuity plans in the face of physical and cyber threats. The Association of Banks in Singapore (ABS) yesterday said the excercise, the third in a series, will involve more
      262 words
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      26 11 Property 2011 Experts share their views on the property market in this special feature tomorrow. If you are searching for investment opportunities, look out for it.
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon European banks seen cutting jobs, bonuses
      658 12 Amid deteriorating financial markets, they’re struggling to maintain fixed pay Bloomberg [LONDON] European banks may resort to more jobs cuts or zero bonuses as they struggle to maintain fixed compensation levels amid deteriorating financial markets. The banks are facing shrinking revenue and higher costs
      Bloomberg; AP  -  658 words
    • Article
      Lock icon Abu Dhabi sovereign fund reports better long-term returns
      378 12 Bloomberg [DUBAI] The Abu Dhabi Investment Authority (Aida), one of the world’s biggest sovereign wealth funds, improved long-term returns in 2010 as the global economy recovered. Aida has a 20-year annual rate of return of 7.6 per cent, and a 30-year rate
      Bloomberg  -  378 words
    • Article, Illustration
      Lock icon Lower oil prices may hinder Russia’s growth
      588 12 GDP may shrink 1.4% next year on world recession Bloomberg [MOSCOW] Oil at US$60 a barrel may halt Russia’s two-year economic expansion next year, triggering a “substantial” devaluation of the rouble, the Economy Ministry said, according to a document obtained by Bloomberg. Gross
      Bloomberg  -  588 words
    • Article
      Lock icon US seeks to allay drug access concerns in TPP
      504 12 Activists accusing it of protecting Big Pharma’s interests Reuters [WASHINGTON] The Obama administration on Monday sought to allay concerns that the US push for stronger drug patent protections in a trans-Pacific trade deal would raise the cost of life-saving treatments out
      Reuters  -  504 words
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      102 12 ALMATY Seoul Beijing I* Bangkok Kuala Lumpur« Air Astana connects Far South East Asia to Kazakhstan 12 times a week (5 times a week from Beijing, 2 times a week from Seoul, 3 times a week from Bangkok, twice a week from Kuala Lumpur). Air Astana serves Kazakhstan from major
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      32 12 Tnnws BEST MUSttC] MEET LEWIS HAMILTON AND WIN EXCLUSIVE GP WALKABOUT TICKETS AND A PAIR OF REEBOK ZIGTECH RUNNING SHOES TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS Reebok
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      337 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOWKAY WONG’S HOLDINGS PTE LTD (IN PROVISIONAL LIQUIDATION) COMPANY REG. NO. *****8286E MADAM WONG’S BAR PTE LTD (IN PROVISIONAL LIQUIDATION) COMPANY REG. NO. *****0319G SULTAN OF SWING BAR PTE LTD (IN PROVISIONAL LIQUIDATION) COMPANY REG. NO.
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL mulls raising retirement age to 60 years
      504 13  -  Move would alleviate manpower shortage, increase workers’ funds for retirement By PAULINE NG in Kuala Lumpur MALAYSIA is contemplating a move to increase the mandatory retirement age to 60 years to bring employment practices more in line with other jurisdictions. Putrajaya has
      PHOTO: AP  -  504 words
    • Article
      Lock icon Slow disbursement hinders Indonesia’s growth
      346 13 Only 27% of budget dispensed in first 8 months of the year Xinhua [JAKARTA] Indonesian economists said that slow disbursement of capital spending will remain a big problem in the realisation of the state budget next year if the government is still unable to speed
      Xinhua  -  346 words
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      258 13 All-Touch Virtual Call Cei 1 For enquiry, please email: sales@convsoln.com 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
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China ‘to cut growth of its forex reserves’
      470 14 Move aimed at easing pressure from rising yuan in next two years EJ Insight [BEIJING] China will reduce the growth rate of its foreign reserves, most of which are denominated in US dollars, by boosting imports and overseas direct investment, some bankers
      EJ Insight  -  470 words
    • Article, Illustration
      Lock icon Pricey pork hinders China’s inflation efforts
      358 14 Reuters [WASHINGTON] China’s escape from troubling inflation is likely to be delayed by high pork prices that affect other consumer prices, the International Monetary Fund’s China mission chief wrote in a weekend blog comment. “Just as China appeared to be heading out of the
      Reuters; XINHUA  -  358 words
    • Article
      Lock icon India eases rules for long-term infrastructure debt
      263 14 Reuters [NEW DELHI] India has relaxed rules for foreign institutional investments in long-term infrastructure corporate bonds to attract more foreign funds into the sector, a finance ministry statement said on Monday. In its budget in February, the government raised by an additional US$20
      Reuters  -  263 words
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      354 14 e Hospitality H i THRILL OF THE GRILL Indulge in a sizzling September edition of Plates of Pleasure, featuring highlights such as Blackmore Wagyu Patty, Australian Farm-Raised Lamb and P, served in petite plated portions. Delight in unlimited servings of these tantalising barbecued meats and other hearty bistro favourites from
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  • WORLD
    • Article
      Lock icon Analysts cut earnings estimates for big American banks
      712 15 Goldman Sachs hit particularly hard amid unpredictable trading markets Reuters [NEW YORK] Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets and weak merger and underwriting volumes hurt the sector’s profit
      Reuters  -  712 words
    • Article, Illustration
      Lock icon Why unknown Ted Weschler was recruited
      334 15  -  By AGNES T CRANE REUTERS BREAKINGVIEWS [NEW YORK] Warren Buffett tapped another relatively unknown investment manager to help shepherd Berkshire Hathaway’s massive stockmarket holdings. Ted Weschler’s investment record is impressive returning 1,236 per cent in 11 years. But it may have been his attitude
      REUTERS  -  334 words
    • Article
      Lock icon Buffett names new portfolio manager for Berkshire
      748 15 Reuters [BOSTON] Warren Buffett advanced his succession plan on Monday by naming Ted Weschler, a low-profile hedge fund manager who has produced out-sized returns in the last decade, to help manage the investments of Berkshire Hathaway Inc. Mr Weschler, 50, will start at
      Reuters  -  748 words
    • Article, Illustration
      Lock icon Australia’s carbon tax goes to Parliament for third time
      646 15 Reuters [CANBERRA] Australian Prime Minister Julia Gillard introduced her government’s controversial carbon tax plans into Parliament yesterday in a third attempt to legislate a price on pollution after previous plans were rejected in 2009. Ms Gillard has staked her government’s future
      Reuters; BLOOMBERG  -  646 words
    • Article, Illustration
      Lock icon US worries ‘Black Swan’ author Taleb more than Europe
      464 15 Bloomberg [TOKYO] Nassim Nicholas Taleb, author of the best-selling book The Black Swan, says he’s more concerned about prospects for the US than Europe because the country lacks awareness of its fiscal woes. “The difference between Europe and the US is
      Bloomberg; BLOOMBERG  -  464 words
    • Article
      Lock icon Merkel allays concerns over Greece default
      676 16 She says resolving EU debt crisis will be a very long, step-by-step process AP [BERLIN] German Chancellor Angela Merkel sought yesterday to calm market fears that Greece is heading for a chaotic default as Europe struggles to contain a crippling financial crisis. Ms Merkel
      AP  -  676 words
    • Article, Illustration
      Lock icon EU ready to speed up 7.7b euro payment to Greece
      694 16 Funding offer comes as an EU task force visits Athens AFP Bloomberg [BRUSSELS] A European Union (EU) “task force” headed to Greece yesterday as the bloc offered to bring forward billions of euros in planned modernisation funding but insisted it
      AFP; Bloomberg; BLOOMBERG  -  694 words
    • Article, Illustration
      Lock icon Noda warns of industrial hollowing-out
      673 16  -  Crisis results from strong yen, rise of emerging economies By in ANTHONY ROWLEY in Tokyo JAPAN faces an “unprecedented crisis” of industrial hollowing-out as a result of the strong yen and the rise of emerging economies. Therefore, newly elected Prime Minister Yoshihiko Noda warned yesterday
      BLOOMBERG  -  673 words
    • Article
      Lock icon Gold’s ‘perfect storm’ likely to continue: Morgan Stanley
      434 16 Bloomberg [SINGAPORE] Gold’s “perfect storm” is expected to continue on renewed investor demand for haven assets, potentially driving the metal to its 1980 inflation-adjusted record, according to Morgan Stanley. The firm retains a positive view on gold for its role as portfolio
      Bloomberg  -  434 words
    • Article
      Lock icon Congress budget agency lowers US economic outlook
      290 16 Reuters [WASHINGTON] The US economic outlook is gloomy and any drastic action could make things worse, according to testimony yesterday before a congressional “super committee” trying to cut the federal deficit. The Congressional Budget Office the non-partisan budget and economic analyst for Congress
      Reuters  -  290 words
    • Article
      Lock icon China mining firm execs face Aussie insider trading probe
      480 16 AFP [SYDNEY] Three executives at a Chinese mining firm stood down yesterday after Australia’s corporate watchdog said it was probing claims of insider dealing related to proposed investments in two local firms. Steven Hui Xiao, the director of Hanlong Mining, and
      AFP  -  480 words
  • Page 15 Advertisements
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      12 15 Between Guangdong, HK Macau Convenient transport linkswill stimulate consumption inallthree places Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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  • TransportHUB
    • Article
      Lock icon Focus on quality – not quantity
      877 17  - Focus on quality not quantity Singapore’s bunker supply industry must think globally, as PSA has done in ports STRAIT TALK By DAVID HUGHES IT’S no secret that Singapore’s position as the No 1 global bunkering hub is going to come under pressure, particularly with the prospect of China soon being
      877 words
    • Article, Illustration
      Lock icon Shipping costs for iron ore, coal up 4.3%
      393 17 Higher rates backed by stronger vessel demand Bloomberg [LONDON] The cost of hiring ships to carry iron ore and coal climbed for a third day in London, extending a sixth weekly advance, as demand for the vessels strengthened and the fleet’s growth
      Bloomberg; BLOOMBERG FILE PHOTO  -  393 words
    • Article
      Lock icon No action against China Cosco, says Baltic Exchange
      261 17 Bloomberg [LONDON] The Baltic Exchange, the world’s biggest shipping bourse, is taking no action against China Cosco Holdings Co after the shipowner resumed charter payments for vessels it hired. An exchange committee held a “round-table discussion” on Sept 7 at a regularly
      Bloomberg  -  261 words
    • Article, Illustration
      Lock icon ICTSI keen to make offer for 2 main Greek ports
      445 17 Reuters [KUALA LUMPUR] Philip-pines-based International Container Terminal Services (ICTSI) will make an offer to buy the two main Greek ports if the government were to make them available for sale, the port operator’s chief said yesterday. Enrique Razon, chairman and
      Reuters; REUTERS  -  445 words
    • Article
      Lock icon Baltic index rises to its highest since December
      352 17 Reuters [LONDON] The Baltic Exchange’s main sea-freight index, which tracks rates to ship dry commodities, rose to its highest in nearly nine months on Monday helped by expectation of further iron ore and coal exports to Asia. The overall index rose 2.07
      Reuters  -  352 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 17 SGX '000 Sep 13 S$ +/-Vol CH Offshore 0.40 0.01 35 Chuan Hup Hldg 0.21 -0.01 20 Cosco Corp 1.01 -0.01 ***** CWT Ltd 1.04 unch 284 Ezra Hldgs 0.93 0.01 3703 First Ship Lea 0.29 unch 1051 Freight Links 0.06 unch 1981 Grand Banks 0.34 0.01 5
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon FAA to fine Southwest contractor
        454 18 Regulator says firm failed to perform maintenance work properly on 44 jets Bloomberg [WASHINGTON] US federal aviation regulators proposed a US$1.1 million penalty against a maintenance contractor for performing work improperly or not at all on 44 Southwest Airlines Co jets. The Federal Aviation Administration
        Bloomberg; AP FILE PHOTO  -  454 words
      • Article
        Lock icon India’s SpiceJet soars as owner raises stake
        275 18 Bloomberg [MUMBAI] SpiceJet Ltd, the money-losing Indian budget carrier, jumped the most in a week after winning a 1.3 billion rupee (S$34 million) investment from controlling shareholder Kalanithi Maran. Its shares rose 6 per cent to close at 25.45 rupees in Mumbai yesterday.
        Bloomberg  -  275 words
      • Article
        Lock icon Virgin Atlantic says it’s keen on BMI deal
        507 18 Move comes after IAG confirms it is eyeing acquisition Bloomberg [LONDON] Richard Branson’s Virgin Atlantic Airways Ltd joined chief competitor British Airways in saying it’s interested in a deal with British Midlands International (BMI), the UK carrier that Deutsche Lufthansa AG has
        Bloomberg  -  507 words
      • Article
        Lock icon Taiwan expects let-down on US F-16 deal
        665 18 AP [WASHINGTON] A close ally of Taiwan’s president said on Monday that he expects the US will agree only to upgrade the island’s existing fleet of F-16s fighter jets and not sell it new ones. Visiting deputy speaker of Taiwan’s legislature Tseng Yung-Chuan
        AP  -  665 words
      • Article
        Lock icon Judge stops work on Sao Paulo airport terminal
        194 18 Reuters [RIO DE JANEIRO] A Brazilian federal court judge ordered an immediate halt to work on a new terminal at Sao Paulo’s main international airport on Monday, saying that bidding rules could not be ignored despite the country’s rush to be ready
        Reuters  -  194 words
      • Article
        Lock icon Latvian airline strands president, PM
        297 18 Bloomberg [RIGA, Latvia] AirBaltic AS, the Latvian airline majority owned by the state, unexpectedly cancelled flights to five cities on Monday, stranding the nation’s president, foreign minister and other passengers outside the country. The airline, which needs a capital increase after a 34.2 million lati
        Bloomberg  -  297 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Compact cars in focus at Frankfurt show
        573 19 Mood clouded by European debt crisis, worries over US economic recovery AP [FRANKFURT] Automakers are unveiling new models at the Frankfurt auto show as the industry heads into an uncertain year, with Europe’s debt crisis and worries about the US economic recovery casting
        AP  -  573 words
      • Article
        Lock icon Audi expected to beat Mercedes in 2011 sales
        260 19 Bloomberg [FRANKFURT] Volkswagen AG’s Audi will beat Daimler AG’s Mercedes-Benz in 2011 deliveries as demand exceeds company targets, chief executive officer Rupert Stadler said. Audi will probably sell more than 1.3 million cars and sport-utility vehicles this year compared with a previous
        Bloomberg  -  260 words
      • Article, Illustration
        Lock icon ZF plans nine-speed transmission for front-wheel-drive cars
        421 19  -  By SAMUEL EE AUTOMOTIVE engineering and manufacturing company ZF Friedrichshafen’s new nine-speed automatic transmission is targeted at front-wheel-drive cars and will be found in production models from 2013. The class-leading transmission, called the ZF 9HP, is for passenger cars with front-transverse drive. Volume
        421 words
      • Article
        Lock icon Toyota to invest 2.9t rupiah in Indonesia expansion
        571 19 Reuters [JAKARTA] Toyota Motor Corp said it will invest 2.9 trillion rupiah (S$419 million) in Indonesia, building a new factory and rolling out a new model, in its second move this year to expand in the fast-growing car market. Toyota joins a
        Reuters  -  571 words
      • Article
        Lock icon Tube must be improved before 2012 Games: London Assembly
        387 19 Bloomberg [BELFAST] London’s subway must be improved before the 2012 Olympics, after strikes and technical problems meant the five months ended January were the worst performing for the rail network in eight years, the city’s assembly said. Labour unions and Transport
        Bloomberg  -  387 words
      • Article, Illustration
        Lock icon Chevrolet upbeat on its first MPV model
        655 19  -  It banks on pricing, features of compact 7-seater Orlando By SAMUEL EE CHEVROLET is confident that its first MPV model, the Orlando, will gain market share with its pricing and features despite the shrinking market for this segment of vehicles. The Chevrolet Orlando
        655 words
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      42 17 Raffles Marina 17th Anniversary Boat Show 17 18 September 2011 12noon to 6pm All Welcome For enquiries: Dockmaster’s office Tel: 6861 9000 or email dmo@rafflesmarina.com.sg Raffles Marina Ltd 10 Tuas West Drive Singapore *****4 Tel: 6861 8000 Fax: 6861 1020 www.rafflesmarina.com.sg www.facebook.com/rafflesmarina
      42 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      304 18 CRYPTIC CROSSWORD Across 1 With beagles, a ride turned out nasty (12) 9 Bowled over or knocked for six? (9) 10 Supposed, say, one’s invited (5) 11 Raid on settlement provoking raid (6) 12 Romance about end-of-war conflict (8) 13 Wooden tree top having hard exterior (6) 15 Ecstasy is
      304 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Eurozone must rethink austerity policies
      499 20 EDITORIAL THE last 10 days have been bad for the eurozone. The euro has tanked against the US dollar from around 1.40 to 1.35; European bank stocks, especially those of French and German banks, have been pummelled; and short-dated sovereign bond yields have soared. Markets
      499 words
    • Article, Illustration
      Lock icon Will Beijing dominate international relations?
      779 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE latest issue of Foreign Affairs magazine carries an article on the inevitability of China becoming the next superpower, one of a mounting cascade of articles
      779 words
    • Article, Illustration
      Lock icon Green buildings help sustain Asia’s growth
      1059 20  -  Singapore has leapt ahead of its time to show what future Asian green cities can look like By ROD LEAVER The writer is chief executive officer for Asia at Lend Lease and is based in Singapore THIS week marks the opening of Singapore’s third
      BLOOMBERG  -  1,059 words
    • Article, Illustration
      Lock icon Asean’s role in Asian food security
      1085 21  -  S’pore’s strategies include R&D, growing itself into a hub of agribusiness and shifting towards greater output of key items By YANG RAZALI KASSIM The writer is a senior fellow with the S Rajaratnam School of International Studies, Nanyang Technological University where he is also
      AFP  -  1,085 words
    • Article, Illustration
      Lock icon Ben-bashing is the sport of politicians
      826 21  -  ROBERT SAMUELSON AMONG Republican presidential hopefuls, bashing Ben has become a sport of choice. That’s Ben Bernanke, chairman of the Federal Reserve Board. First, Texas governor Rick Perry said that it would be “almost treasonous” for Mr Bernanke to embrace so-called Quantitative Easing 3
      826 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8045 22 Transaction date: Sep 13 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 13 11.1 14.7 7.8 4.7 2.7 62.3 9.5 4.5 A-Sonic 5.4 -0.1 90 5.4 5.4 5 5.4
      8,045 words
    • Article
      Lock icon SGX CATALIST
      1492 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 13.7 t 800 Super 15 13.9 15 4.7 3.7 5.8 26.8 5.5 3.7 t AA Grp 4 2.6 3.9 19 3.9 200 114
      1,492 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10046 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.22/ APS Alpha Fund (USD)!** 0.99/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.5609/ Asian Credit Fund
      10,046 words
    • Article
      Lock icon GLOBALQUOTE
      230 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40cd unch 6 40 40 36.5 40 3.6 8.8 3.2 104.2 55 29.5 Genting HK US$ US32.5 -0.5 ***** 34.5 32.5 32.5 33 2140
      230 words
    • Article
      Lock icon SGX ETF
      884 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 125 115 125 570.6 1261 950 CIMBAsean40 100US$ US984 -10 13 991 984 977 39.4 350 276 DBS STI ETF
      884 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Sep 12 Index Change Change Change Change Change Change World Index Preliminary 773.7 -1.5 -13.8 -0.9 -15.9 -1.7 -12.8 EAFE Preliminary 643.2 -2.6 -19.7 -2.2 -20.6 -2.9 -17.7 Europe Preliminary 926.2 -2.5
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Sep 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.54 -0.60 WTI (Near Mth) 88.19 0.86 Dubai (1-Mth F) 105.07 -3.79 Tapis blend 119.86 -3.35 Minas 113.91 -3.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.56 -3.19 Jet Kerosene 122.10 -3.59 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SGX FUTURES
      162 24 Sep 13 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 469.5 469.5 469.5 5 363 Nov 11 467.5 467.5 467.5 12 322 Dec 11 468.0 504 Jan 12 468.3 339 Feb 12 470.3 249 Mar 12
      162 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      104 24 As on 12 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Silver DEC-11 41.155 40.180 40.355 41.63 Gold DEC-11 1855.00 1812.80 1816.60 1859.6 CURRENCY GBP-US Dollar SEP-11 1.5824 1.5805 1.5818 1.5872 Euro-US Dollar SEP-11 1.3690 1.3500 1.3564 1.3669 US Dollar-Jap Yen SEP-11 77.50
      104 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Sep 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1387.50 1416.50 1415.00 1381.50 Nov 11 1396.00 1426.75 1432.25 1388.50 Jan 12 1406.25 1436.75 1442.00 1399.50 Mar 12 1413.00 1442.50 1446.50 1406.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 57.25
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 24 Sep 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 15.12.2011 0.19 1-Year BY*****X 02.05.2012 0.19 0.15 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.79 103.83 103.81 5-Year N*****0W 1.125 01.04.2016 102.85
      83 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 24 Sep 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6275 0 2503 Dec11 99.4000 0 2826 Mar12 99.4100 0 1325 Jun12 99.4450 0 1311 EUROYEN TIBOR FUTURES Sep11 99.6700 21 1597 Dec11 99.6800 19 2016 Mar12 99.6800 0 2338 Jun12 99.6775 300 1380 Sep12 99.6000
      460 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Sep 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.305 1.243 Can dollar 1.268 1.22 Euro 1.718 1.652 Sterling pound 1.996 1.92 NZ dollar 1.044 0.995 US dollar 1.255 1.207 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Sep 13 Open High Sett STI Sep 2730 SIMSCI Sep 313.2 319.6 313.6 Taiwan Sep 264.2 266.3 260.7 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2217 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 6 1 150 37 19.00 32 ASJ Hldgs W*****1 0.5 1 4 12 8.00 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 1 20 87
      2,217 words
    • Article
      Lock icon INTERBANK RATES
      154 24 Sep 13 $S Offer Bid 0vernight 0.02 par 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.02 US$ 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
      154 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Sep 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.024 6.583 0.757 8.028 48.741 88.644 0.792 11.084 3.141 1.254 90.074 44.229 1.273 7.663 0.912 30.333 31.054 0.651 1.029 Canada 0.976 6.428
      464 words
    • Article
      Lock icon SIBOR
      85 24 Sep 13 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      138 24 Sep 13 GOLD (US$/oz) Sep 09 Sep 12 Hong Kong 1883.00 1848.00 Sep 12 Sep 09 London 1833.20 1856.30 1833.95 1857.05 Source: Thomson Reuters CAST BAR Sep 13 (S$) Selling Buying Kilobar 77,993.37 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 175 73 5gm 496 363 10gm 886
      138 words
    • Article
      Lock icon LONDON METALS
      71 24 Sep 12 Sep 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2337.25 2332.50 3 months 2372.00 2367.00 Copper, Grade A (US$/tonne) Cash 8732.25 8799.75 3 months 8754.50 8821.00 Lead (US$/tonne) Cash 2445.00 2473.25 3 months 2423.00 2449.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon PALM OIL
      57 24 Sep 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3109 3150 3114 3100 186 1642 Oct 11 3074 3107 3074 3055 1970 9389 Nov 11 3040 3071 3040 3014 8292 ***** Dec 11 3025 3061
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Sep 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2724 1.2740 1.0287 1.0292 Canadian dollar 1.2424 1.2441 1.0044 1.0050 Euro 1.6800 1.6817 1.3582 1.3585 NZ dollar 1.0145 1.0158 0.8202 0.8206 Sterling pound 1.9534 1.9554 1.5793 1.5796
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Sep 13 S$ Bid Offer 1-month 1.2368 1.2379 2-months 1.2367 1.2378 3-months 1.2362 1.2375 6-months 1.2337 1.2352 Source: OCBC
      22 words
    • Article
      Lock icon LIFFE
      82 24 Sep 12 COCOA (£/tonne) Close Prev High/Low Sep 11 1808 1815 1816/1800 Dec 11 1847 1856 1861/1840 Mar 12 1877 1883 1888/1866 May 12 1892 1897 1901/1880 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2147 2128 2147/2118 Nov 11 2190 2171 2191/2153 Jan 12 2214 2195 2216/2178 Mar 12
      82 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5081 25 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
    5,081 words
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  • executive Money
    • Article, Illustration
      Lock icon Investors wary of European banks
      1279 27  -  Banks, brokerages start to cut their exposure and refuse fresh loans, write NELSON D SCHWARTZ and GRAHAM BOWLEY write NELSON D SCHWARTZ GRAHAM BOWLEY NYT [NEW YORK] WHEN a US$225 million loan to BNP Paribas comes due tomorrow at Legg Mason’s Western Asset management unit,
      NYT; AP  -  1,279 words
    • Article, Illustration
      Lock icon Europe won’t derail US bull run: Birinyi
      1022 28  -  Apple, Google show they can weather market declines, he tells WHITNEY KISLING Bloomberg [NEW YORK] US companies are earning too much for the bull market to be derailed by speculation Europe’s debt crisis will spread, according to Laszlo Birinyi, who advised clients to
      Bloomberg; BLOOMBERG  -  1,022 words
    • Article
      Lock icon Study on rich kids raises challenge for private banks
      438 28  -  Nex gen unlikely to stay with same wealth manager By GENEVIEVE CUA CHILDREN of the wealthy, who are likely to be working in their family businesses, profess pride in and passion for their work. A qualitative study by Barclays Wealth somewhat
      438 words
    • Article, Illustration
      Lock icon Stock volatility shoots up
      1214 29  -  Analysts see volatility as a measure of high opportunity but also peril, report LOUISE STORY GRAHAM BOWLEY [NEW YORK] THE stock market just can’t seem to make up its mind. Day after day, stocks swing sharply by hundreds of points. Last week they tumbled 3 per
      AP  -  1,214 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      207 27 STOCK VOLATILITY The opportunities and the perils PAGE Gold finds support and breaks resistance? SAXO CAPITAL MARKETS Chart GOLDcont v Customize zz 1 Daily v I Candlestick v Update hnp$-//www 1.917.27 1 w t Seize the opportunities. Seize the opportunities with Saxo: <§> Trade Gold 'Live' with spot, futures and
      207 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      299 28 0<1 >^ eS ii as a* e tV\ e 7 1XV3 S V)N China Opportunities and Strategies Timely moves to optimize potential I 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
      299 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      91 29 We help you to protect, grow and pass on your wealth. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we forge a lasting relationship based on trust and help you build an enduring legacy. Face the future with peace of mind.
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  • WEALTH TRENDS
    • Article, Illustration
      Lock icon For the benefit of others
      2357 30  -  HealthSTATS CEO Ting Choon Meng tells CONRAD TAN how you use the wealth that you have will determine what you value most in life LEADERSHIP INSIGHTS CONRAD TAN TING Choon Meng isn’t your typical entrepreneur. “You’ll find that I’m a disaster at personal wealth planning.
      ARTHUR LEE  -  2,357 words
    • Article, Illustration
      Lock icon Building a healthy and sustainable wealth strategy
      301 30  -  By YANG VI SUN, WONG LEE Yang Vi Sun is segment lead for the medical group and Wong Lee is a wealth planner at UBS Wealth Management MANY successful medical practitioners that we meet have invested a significant proportion of their early years
      301 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      183 30 J Until there's clarity on your financial health. The clarity that comes from a thorough understanding of your goals and aspirations. With experienced advisors dedicated to medical professionals, offering financial insights through research-based advice. Leveraging our global expertise and resources to deliver customised solutions that help keep your financial health
      183 words