The Business Times, 9 May 2012
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2012-05-09
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The Business Times
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Title Section25 2012-05-09 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, May 9, 201225 words
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Article, Illustration707 2012-05-09 1 VICTORIA HO - By VICTORIA HO [SINGAPORE] As the OpenNet comes under fire over delays in rolling out the next-generation nationwide broadband network (NBN), it has pointed the finger squarely at consortium member SingTel. “Some aspects of OpenNet’s performance are affected byBLOOMBERG - 707 words
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Article, Illustration856 2012-05-09 1 EMILYN YAP - Big freeze in Europe and the US turns international investors to Asia for higher returns By EMILYN YAP [SINGAPORE] Investors from Europe and other regions far afield who were once dipping their toes into Asia are now taking the plunge. ManyFILE PHOTO - 856 words
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MARKETS DIGEST
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Article110 2012-05-09 1 GST INDEX 2,931.98 (+7.03) GST INDEX FUTURES 2,923 (+7) GSIMSCI 337.06 (+1.03) GSIMSCI FUTURES 336.30 (+1.50) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.614 2.013 EURO (US$/S$/E) 1.303 1.624 Foreign currency per US$ S$ YEN 79.90 64.10 RM 3.053 2.449 HK$ 7.762 6.226 BAHT 30.98 24.85 RUPIAH110 words
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Article17 2012-05-09 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.460 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement9 2012-05-09 1 COMPANIES Wing Tai Q3 profit slumps 74% PAGE 59 words
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Advertisement12 2012-05-09 1 FUTURE OF TRADE Polymet takes challenges in stride PAGE 9 *****1 *****412 words
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Advertisement97 2012-05-09 1 EXEC MONEY Long March for China’s economy PAGE 34 TRANSPORT HUB New software may help cut ship fuel consumption PAGE 21 My name: Joj-| l\J My business: MAn/UPACTURK/4 My passion: CLASCAL MU3)C My dream; TO /^y trapition] My private bank: JUL U5 BA^R 0£CAU5£ CAKlNb PoR 4^RAt, Iom5 ,5 TM£f)R97 words
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TOP STORIES
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Article558 2012-05-09 2 It’s getting cold outside, so investors dive into Asia INVESTORS from Europe and other regions far afield who were once dipping their toes into Asia are now taking the plunge. Many are looking beyond generic equity funds to more specific or complex investments such as individual stocks or558 words
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Article, Illustration882 2012-05-09 2 Front-runner New Democracy fails to form govt; political uncertainty reigns NYT [ATHENS] Greece teetered on the verge of political chaos on Monday, with few signs that any party could form a governing coalition and the prospect of the nation leaving the eurozoneNYT - 882 words
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722 2012-05-09 4 SAMUEL EE - Open Category being monopolised by big boys, some dealers complain By SAMUEL EE [SINGAPORE] As the government looks at two possible ways to ease the COE supply crunch, some motor distributors are hoping it will go further and722 words
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Article, Illustration622 2012-05-09 4 EMILYN YAP - By EMILYN YAP [SINGAPORE] Say what you want about the packed private banking scene in Singapore. Switzerland’s Bordier Cie believes that there is enough wealth to go around and is here to stake its claim while it builds expertise in investing in Asia. ItsARTHUR LEE - 622 words
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448 2012-05-09 4 PAULINE NG - By PAULINE NG in Kuala Lumpur CIMB group will pay 12.2 billion pesos (S$360 million) cash for 60 per cent of the Philippines’ Bank of Commerce (BOC) or 181.25 pesos per share, giving Malaysia’s second biggest banking group entry into a market with448 words
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700 2012-05-09 4 RONNIE LIM - NEWS ANALYSIS By RONNIE LIM [SINGAPORE] The US$468 million investment by Temasek Holdings and private equity fund RRJ Capital for a combined 19.8 per cent stake in US gas exporter Cheniere Energy is clearly a strategic one, aimed at positioning Singapore as Asia’s leading700 words
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Article, Illustration841 2012-05-09 4 VEN SREENIVASAN - COMMENTARY VEN SREENIVASAN Senior Correspondent SINGAPORE Airlines’ (SIA) final-quarter results will be closely watched today for clues on the fate of legacy carriers even iconic ones amid cut-throat competition, falling yields and soaring fuel prices. The airline has already posted one of its weakest sets841 words
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Advertisement460 2012-05-09 2 Staying Ahead of the Corporate Reporting Changes Let us help you navigate through the maze of new accounting changes. Join us at our May 2012 PwC FRS workshop! The widely de?ated ?pac?age o? consolidation related standards will soon ?e e??ective. Signi?cant changes could ?e e?pected on ?nancial statement requirements with460 words
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Advertisement440 2012-05-09 2 ©2012 Ernst Young LLP. All Rights Reserved. Financial Reporting Update 2012 Tuesday, 22 May 2012 8:30 a.m. 5:00 p.m. Venue Raffles City Convention Centre Level 4, Canning Room 80 Bras Basah Road Singapore *****0 Registration closes on Friday, 18 May 2012 Registration/Enquiries Karin Fong Tel: +65 6309 6920 Fax: +65440 words
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Advertisement965 2012-05-09 3 ADVERTISING FEATURE Behind every success is... Quality Time Ask the modern busy executive what the greatest luxury is and you'll likely find the answer to be 'Time'. Be it time spent in quietude, time spent with loved ones, or time spent on hobbies, there is probably little else an executive965 words
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Advertisement38 2012-05-09 4 JACKPOT Estimated Draw on Thu, 10 May 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS38 words
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COMPANY NEWS
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382 2012-05-09 5 NISHA RAMCHANDANI - Revenue falls 69% to $128m for the quarter; EPS down at 5.42 cents By NISHA RAMCHANDANI PROPERTY and lifestyle company Wing Tai Holdings saw net profit for the third quarter ended March 31 slump 74 per cent to $42.35 million, while382 words
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Article, Illustration398 2012-05-09 5 MICHELLE TAN - By MICHELLE TAN ARA Asset Management started the year on a strong note posting a 35 per cent year-on-year jump in net profit to $20 million for the first quarter ended March 31, 2012. Revenue also swung 26 per cent higher to $34.3FILE PHOTO - 398 words
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Article372 2012-05-09 5 KELLY TAY - By KELLY TAY MAINBOARD-listed Chip Eng Seng Corporation Ltd’s first-quarter earnings have taken a severe beating, due to a 99.3 per cent year-on-year drop in revenue recognition from its property development projects. Net profit for the three months ended March 31 plunged 91.7 per372 words
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383 2012-05-09 5 SIOW LI SEN - Profit dives 92% as Q1 2011 had $249m fair-value gain By SIOW LI SEN OVERSEAS Union Enterprise posted a first-quarter net profit of $21.8 million, a 92 per cent plunge from a year ago due to higher interest charges and lack of383 words
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473 2012-05-09 6 KENNETH LIM - Failed brokerage sets creditors’ meeting for May 28 By KENNETH LIM A FORMER executive of MF Global Singapore is challenging the directors’ declaration that the company was insolvent when it underwent provisional liquidation. In a lawsuit joined by six other former MF Global473 words
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345 2012-05-09 6 JASMINE NG - SembMarine unit wins US$208m M’sian rig contract By JASMINE NG AS SEMBCORP Industries (Sembcorp) unveiled a 1.86 billion yuan ($367.10 million) joint venture in China yesterday, its subsidiary Sembcorp Marine (SembMarine) separately announced the securing of a US$208 million rig contract from a Malaysian345 words
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278 2012-05-09 6 Bloomberg SINGAPORE Power Ltd has hired six banks to help arrange a $1.5 billion 10-year project finance loan, according to three people familiar with the matter. The proceeds will help fund the construction of two tunnels to carry electricity cables under Singapore,Bloomberg - 278 words
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Article, Illustration486 2012-05-09 6 LYNN KAN - By LYNN KAN LOWER dry bulk shipping charter rates and slimmer construction margins have hit Cosco Corporation. Its net profit for the first quarter ended March 31, 2012, dropped 25 per cent to $27.8 million from $37.1 million a year ago.BLOOMBERG - 486 words
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Article, Illustration386 2012-05-09 7 AMANDA EBER - Operating expenses up 3% for auto product maker; cost of sales up 8.6% By AMANDA EBER AUTOMOTIVE manufacturer YHI International (YHI) posted a first-quarter net profit of $5.5 million, 13 per cent lower than $6.3 million a year earlier. Revenue forFILE PHOTO - 386 words
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432 2012-05-09 7 LYNETTE KHOO - They consist of three call warrants and three put warrants By LYNETTE KHOO INVESTORS hoping to align some of their portfolios with China’s growth and the A-share market can now do so through a series of six warrants on the China A50 Index.432 words
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COMPANY BRIEFS
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Article68 2012-05-09 7 KOH Brothers Group Ltd saw a 9 per cent rise in net profit to $3.2 million from $2.9 million a year ago, for the first quarter ended March 31, 2012. Earnings per share rose to 0.68 cent from 0.61 cent. Although sales for the68 words
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Article59 2012-05-09 7 HUP Soon Global reported a sharp drop in first-quarter net profit to US$490,000 from US$1.7 million a year ago. Earnings per share for the three months ended March 31, 2012, was 0.15 US cent, compared with 0.52 US cent a year ago. Revenue fell59 words
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62 2012-05-09 7 DMX Technologies Group posted a first-quarter net profit of US$2 million, up 4.2 per cent from a year ago. Revenue for the same period was 14 per cent higher year-on-year, at US$73.4 million. The group saw growth in all its segments except for its62 words
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74 2012-05-09 7 FOOD Junction Holdings’ net profit for the fiscal first quarter ended March 31, 2012, plunged 92.6 per cent from a year ago to $64,000. This was despite a 5.6 per cent rise in turnover to $14.01 million due to a new stream of revenue74 words
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Article58 2012-05-09 7 OKP Holdings Ltd’s net profit for the first quarter plunged 41.7 per cent to $3.1 million from $5.2 million a year ago. Earnings per share fell to 1 cent, from 1.93 cents last year. Revenue for the three months ended March 31, 2012, dropped 2458 words
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Article53 2012-05-09 7 SYNEAR Food Holdings posted a 24.5 per cent year-on-year decline in first-quarter net profit to 23.82 million yuan For the three months ended March, turnover fell 9 per cent to 496.53 million yuan from a year ago, largely due to poor sales of53 words
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63 2012-05-09 7 ALUMINIUM alloy manufacturer Midas Holdings is expecting a “significant drop” in revenue and net profit for the first quarter ended March 31, 2012, compared to a year ago. The decrease was mainly due to higher operating expenses and finance cost and the share63 words
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43 2012-05-09 7 DELONG Holdings said it expects to report a net loss for the three months ended March 31, 2012. The Singapore-listed Chinese steel manufacturer said the weaker than expected performance is largely due to intense market competition within China.43 words
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Advertisement45 2012-05-09 5 Europe's Best Airline A STAR ALLIANCE MEMBER r Dining room. Living room. Bedroom. BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 TURKISH AIRLINES45 words
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Advertisement110 2012-05-09 6 CHINESE INTERNATIONAL SCHOOL EAST WEST EDUCATION CNI5 CHINESE INTERNATIONAL SCHOOL CPE Registration No: *****7850N Validity Date: 26 Apr 2011 -25 Apr 2015 KiQo pe«) HH n uVV shr shr nc af af *J du'i t>u <)• m }0& 1%. cp I* A G f X AN IB WORLD SCHOOL Bilingual110 words
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Advertisement186 2012-05-09 6 “Capturing What Your Staff Know.... Before They Leave” (2 nd Run) By Dr Lee Chu Keong, Wee Kim Wee School of Communication and Information, Nanyang Technological University, Singapore When people switch career, what they know will also go out of the organization. It is imperative to capture and document knowledge186 words
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Advertisement139 2012-05-09 6 RoyalCaribbean Legend of the Seas Vi hltU tms 2- WEEKEND MALACCA CRUISE fr $285* Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE ft $390* Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call: Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE fr $483* Singapore Departures:139 words
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Advertisement54 2012-05-09 7 Share a smile i u More Than just a smile, more than a helping hand. When you fly with us, say hello to something exceptional: people who sneak your language and who see The world, like you do. i m 11 <1 V. 1 I J 5 e v j54 words
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SINGAPORE MARKETS
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Article, Illustration558 2012-05-09 8 R SIVANITHY - Index ends seven points up after initial gain of 21 points was pared by weak Europe opening STOCKS R SIVANITHY Senior Correspondent AFTER an initial short-covering bounce that added about 21 points to the Straits Times Index at 2,944, a weak opening for Europe yesterday broughtSource: Bloomberg - 558 words
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Article186 2012-05-09 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 4 1 0 0 0 13 4 1 Manufacturing 49 57 41 2 10 9 51 67 50 Commerce 20 24 14 4 2 5 24 26 19 Tpt/Stor/Comms 19 8 9186 words
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Article123 2012-05-09 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,115 32,115 90,368 90,368 Manufacturing 414,129 84,534 498,663 169,631 4,217 173,848 Commerce 342,659 96,770 439,429 106,993 3,214 110,207 Tpt/Stor/Comms 75,939 16,416 92,355 126,300 5,339 131,639 Finance 24,133 16 24,149 157,551 4 157,554 Construction 147,284 13,365123 words
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Article112 2012-05-09 8 Stock name Close Change CapMallsAsia 1.430 CapitaLand 2.730 -0.050 CapitaMall 1.765 +0.010 CityDev 10.320 -0.020 ComfortDelGro 1.475 +0.015 DBS Grp 14.150 +0.180 F&N 6.950 +0.100 GLP 2.010 -0.040 Genting SP 1.720 +0.015 Golden Agri 0.690 -0.020 HK Land 5.950 +0.040 JMH 49.000 -0.250 JSH 32.160 -0.060112 words
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Article66 2012-05-09 8 May 8 VALUE CLOSE BT OB/OS -600.00 +204.0 BT CADI -*****.00 -3.0 BT 10-day MA -*****.00 -60.00 FTSE ST Mid Cap 671.07 +4.13 FTSE ST Small Cap 445.07 -1.15 FTSE ST All Share 707.87 +1.96 FTSE ST China Top 207.81 -1.10 FTSE ST China 242.74 -0.64 FTSE66 words
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Article55 2012-05-09 8 VOLUME MDR 124,468,000 TT Intl 110,412,000 Centillion 104,227,000 WE Hldgs 89,310,000 JEL Corp 80,204,000 UniFiber 63,655,000 Golden Agri 55,940,000 Europtron 52,780,000 AdvanceSCT 51,065,000 NexGenSCom 47,259,000 VALUE($) DBS Grp 88,545,470 Keppel Corp 65,450,700 SingTel 50,880,650 CapitaMall 40,755,145 Golden Agri 39,000,800 Genting SP 35,753,285 CapitaLand 33,675,210 SembMar 31,529,400 UOB55 words
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Article, Illustration485 2012-05-09 8 LMIR Trust (S$0.41) Signs of strength Share price has risen by 17% YTD from $0.35. Stock activity looks positive in the intermediate term, with the 50-day EMA crossing above the 200-day EMA. RSI indicator is rising gradually, a sign that the trend is still485 words
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Article, Illustration556 2012-05-09 8 CURRENCIES Reuters [LONDON] The euro fell yesterday and was vulnerable to more losses as political uncertainty in Greece and a change of French president threatened to derail the austerity plans at the heart of efforts to tackle the eurozone debt crisis. Greece’s two main pro-bailoutReuters; AFP - 556 words
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Article109 2012-05-09 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 299.9 1.3 DBXT MSEurope 10US$ 4253 122.1 2.4 IS S&P500 ***** 109.7 0.6 DBXT FTVietnam 10US$ 2725 66.0 2.0 DBXT MSKorea 10US$ 5765 56.1 0.8 DBXT MSINDIA 10US$ 789 32.4 3.4 DairyFarm 1076 22.4 1.7 DBS Grp 1415 18.0 1.3109 words
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Article126 2012-05-09 8 BY CENTS CLOSE DOWN DBS Bk 4.7% NCPS 100 ***** -135.0 -1.3 GLD 10US$ ***** -124.6 -0.6 DBXT S&P Short 10US$ 3774 -52.3 -1.1 JMH 4900 -31.2 -0.5 DBXT iBoxxUSTr 5US$ ***** -26.2 -0.1 DBXT FTChina25 10US$ 2713 -22.4 -0.7 Isetan 347 -20.0 -5.4 DBXT MSBrazil 10US$ 579 -17.5126 words
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FUTURE OF TRADE
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Article, Illustration1429 2012-05-09 9 CONRAD TAN - MD Santosh Kumar Tibarewala talks to CONRAD TAN about doing business in risky emerging markets CONRAD TAN FOR Santosh Kumar Tibarewala, risky emerging markets shunned by others spell great opportunities. The founder and managing director of Polymet SA (S) Pte Ltd sources polymers plastic rawYEN MENG JIIN - 1,429 words
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484 2012-05-09 9 WILLIE THAM - By WILLIE THAM The writer is managing director and head of commercial banking, HSBC Singapore MANY Singapore small and medium-sized enterprises (SMEs) have carved a successful role for themselves in the trading of commodities internationally. For any SME involved in trading, a key priority484 words
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Page 9 Advertisements
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Advertisement92 2012-05-09 9 In the future, it will take many imports to make an export. From components to consumers, supply chains are increasingly complex and international. But how will your business handle the challenges and opportunities of this fragmented, competitive world? HSBC’s Trade teams are on the ground in developed and emerging economies,92 words
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SINGAPORE NEWS
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471 2012-05-09 10 AUDREY TAN - Report cites as 3 primary reasons: new market access, scale building, and acquiring tech or established brands By AUDREY TAN LOCAL or cross-border expansion through mergers and acquisitions (M&A) is fast becoming a priority for firms, a Grant Thornton International Business Report has revealed. The471 words
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Article, Illustration303 2012-05-09 10 AMANDA EBER - Pedalling challenge raises $60,000 for two funds By AMANDA EBER HSBC celebrated its 15th year of corporate social responsibility in Singapore yesterday with a night of good-natured competition and exercise. The bank’s “15th anniversary challenge” saw head honchos, a minister and company employees alikeALPHONSUS CHERN/THE STRAITS TIMES - 303 words
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313 2012-05-09 10 LEE U-WEN - By LEE U-WEN EMERITUS Senior Minister Goh Chok Tong is flying to China today for a four-day visit to attend the annual plenary meeting of the InterAction Council (IAC). The council was established 30 years ago as an independent international organisation under313 words
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Article450 2012-05-09 10 Oil companies move the product to West as supply increases Reuters JET fuel of at least 500,000 tonnes will be shipped from Asia and the Middle East to Europe in May amid higher supply of the product in Asia as refineries return from maintenance,Reuters - 450 words
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Article, Illustration583 2012-05-09 10 SIOW LI SEN - Bank aims to boost Asia business via its transaction banking By SIOW LI SEN ANZ has been investing in its transaction banking services to make sure the bank captures more of the business from Asia’s booming growth. Over the past 18 months, Australia’s third583 words
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192 2012-05-09 10 SINGAPORE Telecommunications Ltd, South-east Asia’s largest telecoms company, is close to acquiring a Silicon Valley-based mobile advertising startup, a person familiar with the matter said. AdJitsu, which provides tools to make threedimensional animated ads in mobile apps in iPhone and iPads, is in the192 words
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Advertisement123 2012-05-09 10 InteroriSBMT2012 The Qth Intomatinnal InfArmatinn Tiarhnolnn\/ PvhiKi+inn SL rnriforanro The 9th International Information Technology Exhibition Conference for the Enterprise 19-22 June 2012 I Marina Bay Sands, Singapore Asia’s most acclaimed Information Technology exhibition returns with more... Over 1,300 international exhibitors from 51 countries Latest revolutionary technologies ‘Fibre’ for NextGen services,123 words
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ECONOMY WATCH
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Article, Illustration641 2012-05-09 11 Gillard’s plan for budget surplus aims to give central bank scope to lower rates Bloomberg [SYDNEY] Australia’s government will cut spending for the first time in at least 42 years as Prime Minister Julia Gillard returns the budget to aBloomberg; REUTERS - 641 words
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446 2012-05-09 11 Bloomberg [ATLANTA] Federal Reserve Bank of Richmond president Jeffrey Lacker said much of US unemployment results from structural weaknesses like inadequate training that can’t be fixed by additional Fed stimulus. “Some commentators are urging the Fed to take additional action as longBloomberg - 446 words
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369 2012-05-09 11 IMF also says it’s helping draft law for central bank Bloomberg [SINGAPORE] Myanmar plans to scrap all restrictions on international payments and transfers before the end of 2013, the International Monetary Fund (IMF) said, making it easier for companies to buy andBloomberg - 369 words
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Page 11 Advertisements
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Advertisement152 2012-05-09 11 The Singapore life insurance industry takes in $12 billion a year.* But only one company shows how your policy performs. Actual Yield: Endowment Actual Yield: Whole Life For the sixth year in a row, we’ve published our annual yields on life policies. It’s just part of our commitment to transparency,152 words
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MALAYSIA/INDONESIA
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422 2012-05-09 12 Move could whet investors’ appetite for power assets Reuters [KUALA LUMPUR] Malaysian builder MMC Corp Bhd plans to relist its 51 per cent owned Malakoff Corp Bhd the country’s largest independent power producer on the local bourse next year, a company source said.Reuters - 422 words
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Article, Illustration556 2012-05-09 12 S JAYASANKARAN - Move comes ahead of Felda unit’s IPO and expected snap general election By S JAYASANKARAN in Kuala Lumpur PRIME Minister Najib Razak yesterday announced a massive RM1.69 billion (S$705 million) payout to over 112,000 settlers and staff of the Federal Land DevelopmentREUTERS - 556 words
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497 2012-05-09 12 Reuters [JAKARTA] PT Telekomunikasi Indonesia, the nation’s biggest telecommunications firm, has submitted a bid to buy Asia’s leading undersea cable operator Pacnet Ltd, in a deal that could value Pacnet at about US$1 billion including debt, sources said yesterday. Telkom’s biggest overseas bidReuters - 497 words
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Advertisement45 2012-05-09 12 sz* m lill aa JERRY LUM Snr Marketing Director, MBA, CES CEA licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg EKA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent In Conjunction With Produced By Supported By Held In Award Partner45 words
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Advertisement183 2012-05-09 13 EDHEC for Business If more than 1,000 finance professionals and decision-makers from Asia have registered for our EDHEC-Risk Days Asia conference, which is taking place in Singapore on May 9 and 10, If more than 800 finance professionals and decision-makers from Europe attended our EDHEC-Risk Days Europe conference from March183 words
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GREATER CHINA/INDIA
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Article, Illustration816 2012-05-09 14 RAY CHAN - Macau revenues grow at slowest in 28 months although outlook still appeals By RAY CHAN EJ Insight [HONG KONG] Gaming stocks are likely to come under increased profit-taking pressure in Hong Kong in the coming weeks as signs of a slowdown in casinoEJ Insight; REUTERS - 816 words
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552 2012-05-09 14 Team faces teething troubles with new rupee mechanism Reuters [NEW DELHI] A large trade delegation from sanc-tions-hit Iran, in India largely to buy farm commodities, has reached only a few small deals for animal feed due to problems using a new mechanism meantReuters - 552 words
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Article, Illustration752 2012-05-09 14 Local firms dominate because they have better resources Bloomberg [BEIJING] US Treasury Secretary Timothy Geithner’s four years of talks with China, which won global banks the right to own a bigger stake in local ventures last week, have secured them lessBloomberg - 752 words
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Advertisement7 2012-05-09 14 Available at KINOKUNIYA PROLOGUE MPH TIMES DUFRY7 words
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Advertisement31 2012-05-09 14 ft IS* 3&T i PARKER SHEILA *21* v V\ EAT RIGHT ST75S wsam V i FREE! POLKA-DOT POUCH* WITH nUYOl!) MAY. COLLECT ALL 3 COLOURS ‘WHILE STOCKS LAST GET IT NOW31 words
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WORLD
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Article, Illustration467 2012-05-09 15 He’s latest victim of shareholders’ revolt over boardroom pay AFP [LONDON] The chief executive of Britain’s second-big-gest insurance group Aviva stepped down yesterday, becoming the latest victim of a growing shareholder revolt over pay for top managers. Top British companies, andAFP; PHOTOS: BLOOMBERG - 467 words
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480 2012-05-09 15 Telecoms group willing to pay 3.2b euros for holding Reuters [AMSTERDAM] America Movil, the telecoms group controlled by Mexican tycoon Carlos Slim, offered to buy a stake worth up to 3.2 billion euros (S$5.2 billion) in Dutch telecoms firm KPN as a baseReuters - 480 words
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615 2012-05-09 15 Giants including Deere and Henkel could be among his biggest targets Bloomberg [NEW YORK] When it comes to acquisitions, Warren Buffett says his biggest deal is yet to come. That could attract the 81-year-old billionaire investor to companies from Deere Co toBloomberg - 615 words
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Article, Illustration697 2012-05-09 16 John Bottega, BOA data chief, recalls how the importance of data has evolved Bloomberg [NEW YORK] John Bottega’s path to becoming Bank of America Corp’s (BOA) first data chief started two decades ago in a smoke-filled back office of Lehman BrothersBloomberg - 697 words
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244 2012-05-09 16 Bloomberg [WASHINGTON] Companies that issue securitised debt may have to change their credit-ratings provider at least every four years as part of a possible European Union compromise to promote competition in assessing such securities. Businesses would be able to sidestepBloomberg - 244 words
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Article, Illustration77 2012-05-09 16 IN this photo taken for American Task Force Argentina, a large inflatable rat stands near the Inter-American Development Bank in Washington on Monday. It greeted Argentine Vice-President Amado Boudou when he attended the Council of the Americas reception at the bank. The rat symbolised protesters’ callAP - 77 words
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518 2012-05-09 16 ANTHONY ROWLEY - But it’s touch and go in heavily industrialised areas By ANTHONY ROWLEY in Tokyo JAPAN may be able just to escape electricity blackouts this summer, despite all of the country’s 54 nuclear reactors having been off-line since last Saturday. A government panel’s report yesterday518 words
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319 2012-05-09 16 It makes offer to homeowners headed for foreclosure NYT [NEW YORK] Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of US$150,000NYT - 319 words
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429 2012-05-09 16 Bloomberg [WILMINGTON, Delaware] Abbott Laboratories said it reached an agreement to pay US$1.6 billion to settle federal and state claims resulting from an investigation into its epilepsy medication Depakote, the sec-ond-largest drug-market-ing settlement in US history. The company will payBloomberg - 429 words
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Article, Illustration811 2012-05-09 18 Banks, reacting to tougher rules, damp risk-taking, cap cash bonuses of traders Bloomberg [NEW YORK] In the five years that John Silvetz made about US$700 million for Deutsche Bank AG by trading corporate bonds and credit derivatives, the amount of hisBloomberg; REUTERS - 811 words
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Article, Illustration1066 2012-05-09 19 Investors don’t see a return of banking boom amid stricter regulation, sovereign debt woes Bloomberg [NEW YORK] To Kevin Conn, who has been analysing bank stocks for 15 years, the investment climate for Wall Street’s biggest firms has entered the realm of science fiction.Bloomberg; AFP - 1,066 words
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Article, Illustration506 2012-05-09 20 Emerging markets growth, higher investment banking income boost gains AFP [LONDON] Europe’s biggest bank HSBC unveiled big first-quarter profits yesterday, helped by emerging markets growth and higher income at its investment banking division. HSBC said underlying pre-tax profits jumped by 25 per cent to US$6.8AFP; AFP FILE PHOTO - 506 words
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Article, Illustration681 2012-05-09 20 Reuters [NEW YORK] Facebook CEO Mark Zuckerberg took questions about the No 1 social network’s slowing revenue growth and its US$1 billion Instagram purchase, kicking off a cross-country roadshow on Monday to promote its US$10 billion initial public offering. Wearing his trademark “hoodie” sweatshirt,Reuters; BLOOMBERG - 681 words
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377 2012-05-09 20 AFP [NEW YORK] The 500 largest US companies piled up record profits last year, despite a lacklustre economy, and energy giant ExxonMobil ousted Wal-Mart as the biggest revenue maker, Fortune magazine said on Monday. The combined earnings of the Fortune 500 corporations roseAFP - 377 words
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Article, Illustration696 2012-05-09 20 Thompson accused by investor of padding his resume Reuters [SAN FRANCISCO] Yahoo’s board convened on Monday afternoon to discuss the mounting upset surrounding chief executive Scott Thompson, who has apologised to employees after being accused last week by activist investor Daniel Loeb ofReuters - 696 words
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543 2012-05-09 20 LATEST US DATA Bloomberg [WASHINGTON] Job openings in the United States rose in March to the highest level in more than three years, a sign employers may be looking to take on more staff as the economy grows. The number of positions waiting toBloomberg - 543 words
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Page 15 Advertisements
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Advertisement181 2012-05-09 15 World’s First Organic Spa Ft Wellness Resort First European Concept Spa in Asia The Chateau Spa a Organic Wellness Resort m <>• T a t !1 .'•Bfc'i m. /0& 1 (valid till 30 June 2012) WEEKEND GETAWAY from S$ 450++ per person 2 Nights Deluxe Accommodation with breakfast (Twin Sharing)181 words
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Advertisement37 2012-05-09 15 In uncertain times, you need a sound Multi-expert asset manager Seven strings in harmony, AXA INVESTMENT MANAGERS composes your Investment Solutions www.axa-im.com AXA Investment Managers Asia Limited Tel: +852 2285 2000 Fax: +852 2285 2999 Email: axaimasiasales&marketing@axa-im.com37 words
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Page 16 Advertisements
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Advertisement322 2012-05-09 16 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF AREIF (OFFSHORE) PTE. LTD. (Company Registration No: *****2422R) (Incorporated in Singapore) (IN MEMBER’S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the member of the Company duly convened and held at 3 Church Street322 words
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Advertisement320 2012-05-09 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF AREIF (TMK) PTE. LTD. (Company Registration No: *****2421E) (Incorporated in Singapore) (IN MEMBER’S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the member of the Company duly convened and held at 3 Church Street #20-01/06 Samsung320 words
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Advertisement445 2012-05-09 16 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF THE MARKET CENTRAL PTE LTD (Co. Reg. No. *****2222Z) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held445 words
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Page 17 Advertisements
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Advertisement203 2012-05-09 17 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Oversea-Chinese Banking Corporation Limited and the audited consolidated financial statements of the Group for the financial year ended 31 December203 words
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Page 18 Advertisements
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Advertisement1246 2012-05-09 18 kats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) Selected Notes to the Financial Statements for the financial year ended 31 December 2011 1. General Oversea-Chinese Banking Corporation Limited ("the Bank”) is incorporated and domiciled in Singapore and1,246 words
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Page 19 Advertisements
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Advertisement1177 2012-05-09 19 SINGAPORE ISLAND BANK LIMITED (Incorporated in Singapore. Registration Number: I*****071R) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Singapore Island Bank Limited (“the Bank”) for the financial year ended 31 December 2011 (“the financial statements”). They do not contain sufficient information1,177 words
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Transport HUB
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370 2012-05-09 21 LYNN KAN - ClassNK Napa Green to undergo trial aboard actual ships from next year By LYNN KAN [SINGAPORE] A new environmental software collaboration may help ship operators push down fuel consumption by as much as 15-20 per cent. The bundled software solution, called ClassNK370 words
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Article, Illustration986 2012-05-09 21 He has purchased a dozen fuel-efficient tankers recently Reuters [LONDON] Shipping magnate John “Big Wolf” Fredriksen has quietly bought a dozen new, fuel-efficient tanker vessels in recent months and said he may spend billions of dollars more as the global shipping crisis has createdReuters; BLOOMBERG - 986 words
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927 2012-05-09 21 DAVID HUGHES - Survey shows seafarers getting raw deals against legal systems at ports of call STRAIT TALK By DAVID HUGHES ANEW survey, by UK-based international legal research centre Seafarers’ Rights International (SRI), has painted a worrying picture of how ships’ masters, officers and other crew members927 words
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390 2012-05-09 21 Xinhua [SANAA] Yemen plans to expand the Aden Port, which has deteriorated in recent years despite the deal with DP World, the United Arab Emirates’ marine terminal operator, a Transport Ministry official said on Monday. The new Yemeni government represented by theXinhua - 390 words
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179 2012-05-09 21 Bloomberg [SINGAPORE] The global order backlog for container ships has fallen to the lowest level in nine years, according to Alphaliner, as concerns about overcapacity deter lines from adding more vessels. The backlog is equal to 24.7 per cent of the existing fleet’sBloomberg - 179 words
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Article250 2012-05-09 21 SGX '000 May 8 S$ +/-Vol CH Offshore 0.44 -0.01 772 Chuan Hup Hldg 0.24 unch 31 Cosco Corp 1.00 unch 4545 s$ First Ship Lea 0.20 unch 1089 Freight Links 0.07 unch 696 Grand Banks unch unch 0 Jaya Hold Ltd 0.55 unch 304 K1Ventures 0.09 unch250 words
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TRANSPORT HUB: AVIATION
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556 2012-05-09 22 Bomb seized is of new design and very difficult to detect AFP [WASHINGTON] The United States has foiled a plot by Al-Qaeda’s branch in Yemen to blow up a US-bound passenger jet with a new take on the “underwear bomb” nearAFP - 556 words
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Article, Illustration669 2012-05-09 22 It will focus more on international flying and make better use of smaller jets in US AP Bloomberg [NEW YORK] American Airlines plans to focus more on international flying and make better use of smaller jets in the United States as partAP; Bloomberg; REUTERS - 669 words
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Article, Illustration942 2012-05-09 22 NYT [NEW YORK] More than six decades ago, when the federal standards on the strength of airplane seats and seat belts were written, government regulations specified that seats be designed for a passenger weight of 170 pounds. But now the averageNYT; BLOOMBERG - 942 words
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TRANSPORT HUB: LAND
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559 2012-05-09 23 SAMUEL EE - 15 out of 28 back in the black as industry posts underwriting profit of $21.2m By SAMUEL EE [SINGAPORE] More than half of Singapore’s motor insurers were able to record a profit last year, thanks to a turnaround in the industry.559 words
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Article, Illustration883 2012-05-09 23 NYT [CHICAGO] When it comes to rail traffic, Chicago is America’s speed bump. Shippers complain that a load of freight can make its way from Los Angeles to Chicago in 48 hours, then take 30 hours to travel across the city. A recent trainloadNYT; BLOOMBERG - 883 words
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Article, Illustration937 2012-05-09 23 Japanese carmaker may overtake GM in earnings this year Bloomberg [TOKYO] Toyota Motor Corp’s profit may climb to a five-year high and exceed General Motors Co’s (GM) earnings this year, signalling Asia’s biggest carmaker is close to full force after reeling from natural disastersBloomberg; REUTERS - 937 words
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277 2012-05-09 23 MMC Corp Bhd expects to complete due diligence on Keretapi Tanah Melayu Bhd (KTMB) by July or August this year, its group managing director Hasni Harun said. The due diligence is for MMC to participate in the proposed privatisation of the277 words
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Page 22 Advertisements
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Advertisement28 2012-05-09 22 V 1 r *>41 91.3FM T0DA7S BEST MUSIC WED. IB MAY TUNE IN TO 91.3FM OR LOG ON TO WWW.RADI0313.COM FOR MORE DETAILS! 91.3FM *****$ BfSI MU5.C TOPSHOP28 words
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Page 22 Miscellaneous
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Miscellaneous339 2012-05-09 22 CRYPTIC CROSSWORD Across 1 Stable lad can be trained (8) 6 Tree found in part of London (6) 9 Gesture with heavenly body it’s received the wrong way! (6) 10 Dad gets shown reconstructed piano in uncle’s place (8) 11 Observe what shopkeeper may do before giving change (4,4) 12339 words
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Page 23 Advertisements
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Advertisement109 2012-05-09 23 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR109 words
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EDITORIAL & OPINION
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511 2012-05-09 24 EDITORIAL WITH most of Europe still in turmoil and the US job market stalling for a second straight month, there may be no better time than now for investors in Singapore to start looking elsewhere for new business opportunities. The Singapore government has,511 words
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Article, Illustration782 2012-05-09 24 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WITHOUT saying so publicly, the Chinese government surprisingly agreed to virtually all the requests made by blind legal activist Chen782 words
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Article, Illustration958 2012-05-09 24 ANOOP SINGH - Singapore needs to make growth more balanced, inclusive, and reliant on productivity By ANOOP SINGH The writer is director, Asia and Pacific Department, International Monetary Fund THE prospects for the global economy have brightened somewhat since the dawn of 2012. After a sharp slowdown in theAFP - 958 words
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Article, Illustration932 2012-05-09 25 NEETA LAL - Deepening economic engagement will also act as an emollient to solve seemingly intractable political issues By NEETA LAL The writer is a New Delhi-based senior journalist INDIA’S decision to lift its ban on foreign direct investment (FDI) from Pakistan the only country from which itAP - 932 words
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Article, Illustration816 2012-05-09 25 LEE KUAN YEW - By LEE KUAN YEW The writer is Singapore’s first prime minister and a former senior minister and retired minister mentor. This article first appeared in the May 2012 issue of Forbes Asia magazine IN developed countries today many women receive education and earn salaries816 words
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828 2012-05-09 25 DAVID BROOKS - By DAVID BROOKS NYT THE country is divided when different people take different sides in a debate. The country is really divided when different people are having entirely different debates. That’s what’s happening on economic policy. Many people on the left are havingNYT - 828 words
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SINGAPORE STOCKS
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Article2714 2012-05-09 26 Transaction date: May 8 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 Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 117.5 +1.5 458 118.5 117 117.5 118 7.1 11.22,714 words
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Article199 2012-05-09 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day (‘000) High Low Last Quote Suyer Seller Div Gr Yld Net C’vr P/E M Cap Smil 4. 3.3 6.5199 words
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Article7533 2012-05-09 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia Limited EM Local Ccy Bond .0 9568/ Global Emerging7,533 words
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Article201 2012-05-09 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 31.5 AVJennings A35 unch 8 35 35 32 37 3.6 10 2.8 91.1 46 25.5 Genting HK US$ US35.5 -0.5 2719 36.5 35.5 35.5 36 2337.5201 words
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Article907 2012-05-09 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 112.5 ABF SG Bond ETF 118.1 +0.1 10 118.1 118.1 118 118.6 539.1 103 100 CIMB APAC Div 100US$ US103 100 101 10.8 1261 856907 words
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FINANCE & COMMODITIES
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Article592 2012-05-09 28 May 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9190.50 9207.56 9159.47 Jun12 9125.00 9235.00 9110.00 9160.00 *****2 *****3 Sep12 9185.00 9195.00 9175.00 9155.00 411 7976 MSCI TAIWAN INDEX FUTURES SPOT 269.91 270.60 268.35 May12 267.40 270.00 266.80 267.80 ***** *****5 Jun12 271.00 271.00592 words
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Article, Illustration119 2012-05-09 28 As on 7 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1642.80 1634.40 1639.20 198 CURRENCY AUD-USD FUT JUN2012 1.0162 1.0095 1.0170 1534 EUR-USD FUT JUN2012 1.3065 1.2975 1.3057 1867 BASE METAL COPPER FUT JUL2012 8325 8112 8316 1940119 words
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Article107 2012-05-09 28 May 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1463.50 1475.00 1472.75 1458.00 Jul 12 1465.75 1478.25 1478.75 1460.25 Aug 12 1448.75 1458.25 1458.25 1443.50 Sep 12 1386.50 1398.25 1399.50 1382.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 53.21107 words
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Article76 2012-05-09 28 CRUDE OIL PRODUCTS May 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.98 -0.23 WTI (Near Mth) 98.09 -0.44 Dubai (1-Mth F) 109.12 -2.55 Tapis blend 119.56 -2.43 Minas 118.86 -2.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 -2.62 Jet Kerosene 126.00 -3.00 US$/barrel OpecOil Basket76 words
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Article22 2012-05-09 28 May 8 S$ Bid Offer 1-month 1.2461 1.2471 2-months 1.2460 1.2471 3-months 1.2458 1.2468 6-months 1.2449 1.2459 Source: OCBC22 words
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Article66 2012-05-09 28 May 4 May 4 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2028.00 2050.75 3 months 2066.50 2090.00 Copper, Grade A(US$/tonne) Cash 8253.50 8284.50 3 months 8175.00 8229.00 Lead(US$/tonne) Cash 2100.25 2083.50 3 months 2105.00 2090.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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373 2012-05-09 28 In local curr In S$ In US$ dy yr dy yr dy yr May 7 Index Change Change Change Change Change Change World Preliminary 881.0 -0.3 6.2 -0.1 2.4 -0.4 6.5 EAFE Preliminary 707.2 -0.6 3.7 -0.5 0.2 -0.8 4.2 Europe Preliminary 1048.7 0.5 2.2373 words
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Article80 2012-05-09 28 May 4 COCOA (£/tonne) Close Prev High/Low May 12 1511 1517 1532/1503 Jul 12 1526 1534 1550/1517 Sep 12 1514 1518 1533/1505 Dec 12 1495 1500 1513/1484 COFFEE(US$/tonne) Close Prev High/Low May 12 1995 1951 1995/1970 Jul 12 2019 1975 2020/1978 Sep 12 2019 1985 2027/1986 Nov 12 201180 words
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1186 2012-05-09 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 295 9.75 24 Conv Ratio Baker Technology Ltd W*****6 1.1 1 32 14 26.36 6 Best World Intl Ltd W*****5 0.6 1 30 57 32.501,186 words
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Article470 2012-05-09 28 May 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.011 6.405 0.779 7.882 53.834 93.624 0.812 11.542 3.100 1.284 92.289 42.938 1.266 7.965 0.936 29.779 31.454 0.629 1.015 Canada 0.989 6.333470 words
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Article53 2012-05-09 28 May 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1 yr 0.*****53 words
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Article135 2012-05-09 28 May 8 GOLD(US$/oz) May 07 May 08 Hong Kong 1648.00 1637.00 May 08 May 04 May 07 London 1637.70 1635.53 1638.50 1636.36 Source: Thomson Reuters CAST BAR May 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 66 5gm 448 329 10gm135 words
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Article88 2012-05-09 28 May 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 10-Aug-12 0.25 0.22 0.2 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 5-Year N*****0Z 2.375 01-Apr-17 108.94 109 10988 words
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Article57 2012-05-09 28 May 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3395.0 3368.0 3395.0 3355.0 262 2360 Jun 12 3380.0 3369.0 3395.0 3359.0 3550 ***** Jul 12 3371.0 3360.0 3388.0 3351.0 ***** ***** Aug 12 3346.0 3346.057 words
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Article154 2012-05-09 28 May 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2652 1.2666 1.0153 1.0156 Canadian dollar 1.2510 1.2522 1.0039 1.0041 Euro 1.6234 1.6251 1.3028 1.3031 NZ dollar 0.9855 0.9866 0.7909 0.7911 Sterling pound 2.0128 2.0146 1.6135 1.6154154 words
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Article121 2012-05-09 28 As at 9am May 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.3 1.239 Can dollar 1.284 1.223 Euro 1.664 1.585 Sterling pound 2.054 1.975 NZ dollar 1.019 0.971 US dollar 1.264 1.216 Local dollars to 100 units of foreign121 words
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Article154 2012-05-09 28 May 8 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12154 words
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3674 2012-05-09 29 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO3,674 words
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Page 29 Advertisements
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Advertisement47 2012-05-09 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The business times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times47 words
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Advertisement18 2012-05-09 29 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES Shipping Times18 words
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Page 30 Advertisements
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Advertisement19 2012-05-09 30 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? HIGHLY VISIBLE RESULTS19 words
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Page 31 Advertisements
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Advertisement100 2012-05-09 31 FINE ARTS ANTIQUES AUCTION Rare valuable collection acquired since early 1950s of oil paintings Chinese paintings, porcelain vases, collectibles antique furniture. Collectors are most welcome to participate. Viewing Auction Venue 6 Ayer Rajah Crescent, Room 4503 4510, Ayer Rajah Delivery Base, Singapore *****2 Viewing Date Time 11 May 2012 (Friday),100 words
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Advertisement139 2012-05-09 31 m m Mi SRE W. u a ■w* v II B A5 M fsaf Tomorrow needs commitment >T vi fees; iga TT' T' vs? /'i. m Hi Kf H -■'>•- f T SiH V: asfi 3SS» 91 .vw <■« m ,v v V 1m tesK&U sss |fS a vc M139 words
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executive Money
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Article, Illustration946 2012-05-09 31 With the benefit of hindsight, eight young and older graduates wish they’d heard wiser counsel when they left college Reuters [CHICAGO] THERE’S no shortage of advice for new college graduates. Everyone from the commencement speaker to the local bartender (who may haveReuters; FILE PHOTO - 946 words
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Article, Illustration1008 2012-05-09 32 CHRIS TAYLORreports - Know what to look for when a hard-up start-up offers you equity instead of cold, hard cash for your services. CHRIS TAYLOR reports TAYLORreports CHRIS TAYLORreports Reuters [NEW YORK] HENEVER Manhattan attorney Ted Scofield gets offered equity in a start-up, he feels like he’s beenReuters; BLOOMBERG - 1,008 words
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Article, Illustration1158 2012-05-09 33 Hedge funds’ bets on higher prices go wrong as commodities slump on declining US jobs data and contracting manufacturing in Europe Bloomberg [CHICAGO] EDGE funds raised bets on higher commodity prices for the first time in six weeks, just before the biggest three-day slump sinceBloomberg; AFP/REUTERS - 1,158 words
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Article, Illustration814 2012-05-09 34 MARK McCOMBE - Economic reforms remain a top priority during China’s once-a-decade handover of government leadership, says MARK McCOMBE MARK McCOMBE The writer is chairman of Asia Pacific for BlackRock, Inc WILL the China of tomorrow look anything like the China of today? Unlikely, but the differences willREUTERS - 814 words
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Page 32 Advertisements
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Advertisement204 2012-05-09 32 Until coach Wu Bin helped Jet Li become a martial arts icon, he would not rest. (Beijing, 1982.) t. U r <. BP Tc 4 What can your client advisor learn about motivation from the man who trained Jet Li? Before the adoring fans and critical acclaim. Before the bright204 words
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Advertisement304 2012-05-09 33 s 1 11 Lli Plug into the latest market news and trade on the move with the SaxoTrader App. To make the right call, you need access to vital information, even when you're on the go. Get markets updates, prices and charts instantaneously on the award-winning SaxoTrader. Now available on304 words
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Advertisement539 2012-05-09 34 Earn potentially higher returns through short-term dual currency investments N r I am seeking higher returns on my money We are offering you an opportunity with dual currency investments If you are seeking opportunities in currency markets, consider Currency Linked Investments (CLI). These are dual currency investments that involve a539 words
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