The Business Times, 1 August 2012

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Microfilm: NL32202
Total Pages: 42
1 14 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, August 1, 2012
    25 words
  • Article, Illustration
    Lock icon Manpower portfolio for Tan Chuan-Jin
    883 1  -  Major changes to Cabinet with first-termers given key responsibilities By CHUANG PECK MING [SINGAPORE] Major changes have been made to the Cabinet that will see three first-termers helming a ministry. One of the more significant moves sees first-term-er Tan Chuan-Jin taking over as Acting Minister
    883 words
  • Article, Illustration
    Lock icon Jobs creation holds up, but it’s not all good
    753 1  -  Productivity may be suffering or firms could be hoping for recovery that may not come By TEH SHI NING [SINGAPORE] The Republic’s jobs market held up surprisingly well in the second quarter despite the slowing economy, but it is not all
    Source: Ministry of Manpower  -  753 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,036.40 (+3.60) HST INDEX FUTURES 2,985.30 (-47.70) GSIMSCI 351.15 (+0.58) HSIMSCI FUTURES 344.39 (-6.91) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.570 1.954 EURO (US$/S$/E) 1.226 1.526 Foreign currency per US$ S$ YEN 78.30 62.90 RM 3.130 2.514 HK$ 7.754 6.228 BAHT 31.55 25.34 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,631.60 -0.75 NIKKEI 225 8,695.06 +59.62 HANG SENG 19,796.81 +211.41 SET INDEX 1,199.30 +5.98 JAKARTA COMP 4,142.34 +43.22 MANILA COMP 5,307.66 +29.76 SEOUL COMP 1,881.99 +38.20 SHENZHEN B 564.02 +0.63 MUMBAI IND 17,236.18 +92.50 12noon EDT Change DOW 13,066.58 -6.43 NASDAQ 2,953.35 +7.51
      48 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.202 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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      13 1 COMPANIES July market cap up 5% on IHH entry, APB deals page 4
      13 words
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      16 1 TRANSPORT HUB Sales of ultra-luxury and super sports cars holding up PAGE 20 8 *****1 *****4
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      95 1 EXEC MONEY El-Erian poised to take over at Pimco PAGE 28 SWISS NATIONAL DAY A 14-page pullout with your BT today My name:Henry My business: Enterprise cloud solutions My passion:Performance-driven technologies My dream:A virtual cloud nine My private bank:Julius Baer, because they master the balance of performance and stability www.juliusbaer.asia
      95 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Draghi under conflict of interest probe
      517 2  -  Complaint over his membership in Group of Thirty international forum By NEIL BEHRMANN in London THE European Union’s ombudsman, the EU’s watchdog, is investigating European Central Bank president Mario Draghi following a conflict of interest complaint. Corporate Europe Observatory (CEO), which tracks EU-focused lobbying,
      REUTERS  -  517 words
    • Article, Illustration
      Lock icon CapitaLand puts art and soul in projects
      816 2  -  By FELDA CHAY [SINGAPORE] Art collecting is a hobby for most, but now it is serious business for mega property developer CapitaLand Group. It has more than 120 yet-to-be completed developments in the pipeline and wants to set aside 1-2 per cent of
      YEN MENG JIIN  -  816 words
    • Article, Illustration
      Lock icon New roles for Perm Secs soon at newly formed ministries
      569 2  -  By CHUANG PECK MING [SINGAPORE] Permanent Secretary for Education Development Yeoh Chee Yan will run a new ministry whose focus is to build a cohesive and vibrant society and deepen Singaporeans’ loyalty to the country. The 52-year-old philosophy and psychology
      569 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      369 2 New jobs hold up but concerns surface SINGAPORE’S jobs market held up surprisingly well in the second quarter despite the slowing economy, but it is not all good news. There are concerns that this means businesses are still not ramping up productivity and choosing to grow by adding
      369 words
    • Article
      Lock icon Consumer spending stills as savings grow
      421 2 LATEST US DATA Bloomberg Reuters [WASHINGTON] Consumer spending in the US stagnated in June as Americans used the biggest gain in incomes in three months to boost savings, indicating a weak handoff to the second half of the year. Household purchases, which account for
      Bloomberg; Reuters  -  421 words
    • Article
      Lock icon Correction
      58 2 IN the article “Coming next CapitaMalls in Tokyo, Qingdao” (BT, July 31), it was reported that, including land cost, CMA plans to spend about 1.46 billion yuan (S$286 million), or about 16,235 yuan per square foot to develop its mall in Qingdao. The development cost is actually 16,235 yuan
      58 words
    • Article
      Lock icon Manufacturing, services less upbeat over H2
      747 3  -  But surveys show hoteliers, retailers staying optimistic on prospects By MALMINDERJIT SINGH [SINGAPORE] Companies in the manufacturing and service sectors here are generally less optimistic about their business prospects for the next six months, even as hoteliers and retailers remained upbeat, government surveys released
      747 words
    • Article
      Lock icon Creating enough quality jobs a huge challenge ahead: Tharman
      692 3  -  By MALMINDERJIT SINGH [SINGAPORE] Both developed and emerging economies face a serious future challenge of generating a large quantity of jobs as well as ensuring that these are of quality, says Deputy Prime Minister Tharman Shanmugaratnam. “If you connect the dots,
      692 words
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  • COMPANY NEWS
    • Article
      Lock icon July market cap up 5% on IHH entry, APB deals
      882 4  -  Fresh hopes over euro debt crisis also helped to lift market value to $826b By JAMIE LEE A HIVE of activity sparked by the corporate manoeuvres over Asia-Pacific Breweries (APB), the listing of Malaysia-based IHH Healthcare and the renewed hopes
      882 words
    • Article
      Lock icon Soup might dish up less pricey broth
      468 4  -  By JOYCE HOOI SOUP Restaurant Group, fresh from closing the chapter on the Dian Xiao Er legal debacle, is looking at a new eatery concept for thinner wallets. The group said yesterday that it was exploring the possibility of setting up restaurants with
      468 words
    • Article
      Lock icon Sunpower clinches China order worth 55.1m yuan
      256 4  -  By TEO SI JIA SINGAPORE-LISTED heat transfer technology firm Sunpower Group has inked a 55.1 million yuan (S$ 11 million) deal with Beijing Huatai Runda Energy Technology Co for the provision of four sets of waste heat boiler systems to Xining Special Steel
      256 words
    • Article, Illustration
      Lock icon SGX, SIAS to take investing to the masses
      383 4  -  By ANDREA SOH IN its bid to woo retail investors, the Singapore Exchange (SGX) yesterday unveiled a tie-up with the Securities Investors Association (Singapore) (SIAS) to take financial literacy to the heartland. SGX said investment seminars, to be jointly conducted by both
      383 words
    • Article
      Lock icon PHH ex-chairman faces sexual harassment suit
      1014 4  -  Benny Kwan rejects suit by dental nurse as ‘spurious’ By GRACE LEONG LESS than a year after Benny Kwan was removed as executive chairman of mainboard-listed Pacific Healthcare Holdings Ltd, he was slapped with a sexual harassment lawsuit filed by a dental nurse last
      1,014 words
    • Article
      Lock icon Room for improvement on banking customer service
      482 5  -  Clients generally pleased with services, many never switched banks By WANG XIN MIN WHILE Singapore customers are generally satisfied with banking services here, rates and customer service could be improved upon, according to a survey. Of the 500 Singapore respondents in the Ernst
      482 words
    • Article, Illustration
      Lock icon Man United seeking US$333m in IPO
      843 5 Bloomberg [NEW YORK] Manchester United Ltd, the English soccer team with a record 19 national championships, plans to raise as much as US$333 million in a US initial public offering. The company and its selling shareholder, the Glazer family, are offering 16.7 million shares
      Bloomberg; AP  -  843 words
    • Article
      Lock icon Asia-Pacific Strategic ends share subscription deal
      322 5  -  Shareholder was to have subscribed for 7.5m shares By JASMINE NG ASIA-PACIFIC Strategic Investments (APSI) and an existing shareholder Au-Yeung Ho Sum have terminated an agreement for the latter to subscribe for 7.5 million new shares in the company. No reason for the termination
      322 words
    • COMPANY BRIEFS
      • Article
        Lock icon Thai Beverage raises F&N stake to 24.1%
        36 5 THAI Beverage bought three million F&N shares through married trades on July 25 to raise its deemed interest in the conglomerate to 24.1 per cent from 23.9 per cent.
        36 words
      • Article
        Lock icon Saizen Reit buys Cosmo Reveur Sangenjaya in Tokyo
        86 5 SAIZEN Real Estate Investment Trust’s TK operator Yugen Kaisha Kokkei has acquired Cosmo Reveur Sangenjaya (CRS) in Tokyo for a cash consideration of 589.99 million yen (S$9.4 million). There is no issuance of new units to raise equity for the acquisition, which
        86 words
      • Article
        Lock icon NEL Group to delist from SGX on Aug 6
        80 5 NEL Group will be delisted from the Singapore Exchange (SGX) on Aug 6, 2012. The company had failed to submit a trading resumption proposal to SGX despite a time extension. It was required to make arrangements for a reasonable cash exit
        80 words
      • Article
        Lock icon Dapai warns of Q2, H2 loss due to pricing pressures
        67 5 DAPAI International Holdings Company Limited said the group expects to record a net loss for its second quarter and half-year ended June 30, 2012. The group cited the continued adoption of the substantial downward pricing adjustments of its products as
        67 words
      • Article
        Lock icon Next-Gen Satellite gets SGX nod to hold AGM later
        122 5 PLAGUED by the problem over funds placed with a Hong Kong finance company, Next-Generation Satellite Communications said that Singapore Exchange (SGX) has given it the green light to hold its AGM no later than Jan 31, 2013, subject to approval from
        122 words
      • Article
        Lock icon New Lakeside unit ordered to repay ICBC 9.9m yuan loan
        84 5 NEW Lakeside Holdings Limited said that the Xuzhou Intermediate Court has issued a judgement on June 16 requiring its subsidiary, New Lakeside Fruit Juice, to repay the Industrial and Commercial Bank of China (ICBC) an outstanding loan amount of 9.9
        84 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (July 31,2012)
      278 5 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.10.2012 N*****1E 2007 2 1/2 4700.00 1/4 1/10 121 100.37 0.31 SG7J*****939
      278 words
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      Lock icon Page 4 Advertisements Column 1
      159 4 I want to EDGE out my competition It’s my choice. c Like time, learning never stops. At Kaplan Professional, we find ways to for you to reinvent yourself. Training over 50,000 participants in 200 organisations. We are committed to supporting individuals, organisations and SMEs in achieving results and career success
      159 words
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      99 5 r A .Al| n> 3? HANDCRAFTED TO PERFECTION 1 3 AUGUST TO 30 SEPTEMBER 2012 PEACH BLOSSOMS MID-AUTUMN HEAVENLY TREASURES Savour the celestial creations of Dim Sum Chef Kerene Cheng, including the four new distinctive Mini Heavenly Treasures Snowskin Mooncakes (sour, sweet, bitter and spicy) inspired by the flavours of
      99 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fed, ECB factors hold sway in Asia
      519 6  -  Window dressing helps ST Index close slightly higher despite cautious market sentiment here STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets continued to place bets on whether or not the Federal Reserve and the European Central Bank (ECB) will move to stimulate flagging growth
      Source: Bloomberg  -  519 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jul 31 VALUE CLOSE BT OB/OS -278.00 -30.00 BT CADI -*****.00 +3.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 697.69 -0.67 FTSE ST Small Cap 457.32 +0.29 FTSE ST All Share 733.27 +0.59 FTSE ST China Top 201.22 +0.03 FTSE ST China 220.60 +0.15 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 0 0 0 6 7 3 Manufacturing 47 51 39 4 8 8 51 59 47 Commerce 25 15 24 2 1 4 27 16 28 Tpt/Stor/Comms 15 14 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      945 6  -  Compiled by JOYCE HOOI Singapore Airlines July 31 close: S$10.60 Maybank Kim Eng Research, July 31 SINGAPORE Airlines (SIA) posted a Q1 FY3/2013 (year-end: March) net profit after tax and minority interests of S$78 million, which was helped by the addition of incidentals, as core SIA parent operations
      Source: Bloomberg  -  945 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,504 26,504 125,093 125,093 Manufacturing 242,338 31,756 274,094 259,713 870 260,584 Commerce 323,905 2,563 326,468 139,536 202 139,738 Tpt/Stor/Comms 129,941 14,484 144,425 270,932 4,349 275,281 Finance 36,248 3,176 39,424 286,780 1,293 288,073 Construction 167,723 16,370
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.630 +0.010 CapitaLand 3.000 CapitaMall 1.960 +0.015 CityDev 11.700 -0.030 ComfortDelGro 1.680 +0.035 DBS Grp 14.740 F&N 8.180 -0.160 GLP 2.250 +0.060 Genting SP 1.305 -0.010 Golden Agri 0.740 +0.005 HK Land 6.000 +0.110 JMH 52.350 JSH 31.410 -0.480 Jardine C&C
      110 words
    • Article, Illustration
      Lock icon Euro inches higher against dollar, yen
      479 6 CURRENCIES Reuters [NEW YORK] The euro edged higher against the US dollar and yen yesterday, on expectations that the European Central Bank (ECB) may take further actions to help contain the debt crisis later this week. Speculation grew that the ECB could revive its
      Reuters; BLOOMBERG  -  479 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME GSH Corp 150,969,000 HLH Grp 114,397,000 Golden Agri 90,042,000 TT Intl 82,684,000 Genting SP 60,815,000 Sakari 41,574,000 SingTel 40,349,000 Noble Grp 37,752,000 ElektromotiW*****0 31,035,000 HPH Trust US$ 30,573,000 VALUE($) SingTel 143,224,276 UOB 97,576,376 DBS Grp 93,693,840 Keppel Corp 82,614,574 Genting SP 79,010,845 OCBC Bk 73,364,090 Wilmar
      60 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5520 192.9 2.9 DBXT MSAsExJp 10US$ 2973 125.7 3.5 DBXT S&P500 10US$ 2242 97.1 3.6 GLD 10US$ ***** 93.3 0.5 Lyxor Korea 10US$ 491 51.0 9.1 IS MSCI Spore 1314 48.5 3.1 DBXT FTChina25 10US$ 2611 44.8 1.4 Petra 240 40.0 20.0
      115 words
    • Article
      Lock icon FALLS
      117 6 BY CENTS CLOSE DOWN DBXT iBoxxSing 5SG$ ***** -100.0 -0.8 JSH 3141 -59.7 -1.5 DBXT S&P Short 10US$ 3664 -28.6 -0.6 SATS 258 -25.0 -8.8 B Sembawang 470 -20.0 -4.1 Wilmar.ES.1208 325 -18.0 -5.2 F&N 818 -16.0 -1.9 SIA 200 1056 -16.0 -1.5 SIA Engg 408 -15.0 -3.5 UOB
      117 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Fragrance tie-up top bidder for Tanah Merah site
      806 7  -  It pips Capitaland unit Areca Investment by just 1.8 per cent By KALPANA RASHIWALA A TIE-UP between Fragrance Group and World Class Land yesterday pipped CapitaLand unit Areca Investment by 1.8 per cent or about $5.1 million to emerge as the highest
      Source: URA  -  806 words
    • Article
      Lock icon HDB launches 4,191 BTO flats in 7 projects
      403 7  -  Enhancement to Special CPF Housing Grant also unveiled By MINDY TAN THE Housing Development Board (HDB) has launched seven built-to-or-der (BTO) projects, which will offer 4,191 new flats in a mix of non-mature and mature towns. The flats, part of the fourth
      403 words
    • Article, Illustration
      Lock icon Han puts up spirited show on witness stand
      792 8  -  Accused of taking over China project with another vehicle By CAI HAOXIANG CORPORATE bigwig Han Cheng Fong took to the witness stand yesterday and was his usual feisty self. The former CEO of DBS Land and Fraser and Neave was being cross-examined
      792 words
    • Article
      Lock icon Business optimism grows in Q3: survey
      525 8  -  Agricultural and financial sectors the main impetus for improved outlook BUSINESS EXPECTATIONS By KENNETH FOO THE grim economic outlook has rattled the confidence of some local firms, but most remain upbeat going into the third quarter, a survey by credit rating firm D&B Singapore
      525 words
    • Article
      Lock icon SMEs set to hire more in next 6 months
      362 8  -  Survey shows better outlook, business improvement seen By ANDREA SOH AFTER nine months of decline in hiring activity, small and medium-sized enterprises (SMEs) are now looking to increase headcount as they expect business to improve in the next six months. Profitability
      362 words
    • Article, Illustration
      Lock icon His childhood dream was to be an artist
      753 8  -  By FELDA CHAY CAPITALAND Group president and CEO Liew Mun Leong is known for many things: he is a tough, straight-talking and successful bureaucrat-turned businessman, who writes emails on Sunday afternoons to staff on anything from ethics and values to business management,
      YEN MENG JIIN  -  753 words
    • Article
      Lock icon Remaining residential units in AA Centre up for sale
      375 8  -  By JASMINE NG A GROUP of freehold residential bulk units at the AA Centre has been offered for sale by private treaty. The total residential floor area of about 49,805 square feet (sq ft) comes with an indicative price tag of
      375 words
    • Article
      Lock icon Fortis aims to be colorectal powerhouse in the region
      724 8  -  By NISHA RAMCHANDANI FORTIS Healthcare, which unveiled plans for a hospital in Singapore last year, has launched its 31-bed colorectal hospital with an eye on growing the specialty across its regional network. Some $70 million has been invested in the hospital
      724 words
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      Lock icon Page 7 Advertisements Column 1
      17 7 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph,com,sg to place your Apology Notices NOTICES
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      261 7 i 2 Storey, Annual Rental Income: $639,000 JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg SINGAPORE WORKFORCE SKILLS QUALIFICATIONS WELCOME TO 360° VISION with WSQ PRODUCTIVITY INNOVATION Applying knowledge for a new level of productivity The SME QIANG programme has
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      162 9 THE STRAITS TIMES Enjoy The Straits Times. Select your Sure-Get Gifts. The pleasure is all yours! n I O 4 m Vo. Vo. 0T0 Digital Blood Pressure Monitor u.p. $138 OTO e-Cuddle Neck Shoulder Massager u.p. $180 OTO e-Twirl Foot Massager r OTO e-Shape Slimming Belt U.p. $298 ST All-in-One
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  • ECONOMY WATCH
    • Article
      Lock icon Libor scandal: more lawsuits being filed against banks
      775 10 Possibly a prelude to deluge of civil litigation that will hit banks for years WP [WASHINGTON] Lawsuits are mounting against some of the world’s biggest banks over the manipulation of the global interest rate known as Libor as smaller lenders, municipalities and
      WP  -  775 words
    • Article
      Lock icon ADB to invest in Philippine infrastructure fund
      439 10  -  By ANTHONY ROWLEY in Tokyo THE Asian Development Bank said yesterday that it has approved an equity investment in a US$625 million private equity fund focused exclusively on Philippine infrastructure projects the largest and first of its kind in the country and a
      439 words
    • Article, Illustration
      Lock icon India keeps rates steady, sees slower growth
      562 10 AP [MUMBAI] India’s central bank kept its key interest rate on hold yesterday because of high inflation, and warned that a weak monsoon and intensifying global risks will drive down growth faster than anticipated in Asia’s third largest economy. The Reserve Bank of
      AP  -  562 words
    • Article
      Lock icon UK faces challenges to meet its debt targets: Moody’s
      429 10 Bloomberg [LONDON] Moody’s Investors Service cut its growth forecasts for the United Kingdom and said the government will face increased difficulties in meeting its debt-reduction timetable. “Moody’s sees rising challenges in achieving debt reduction within the timeframe that has been laid
      Bloomberg  -  429 words
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      543 10 WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF PREMIER THAI TRADITIONS RESTAURANT PTE LTD (Company No: *****1879E) (In Members’Voluntary Winding Up) By way of Shareholders’ Written Resolution dated 31st July 2012 the Special Resolutions set out below were
      543 words
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      20 10 TAKE A LOOK AT LIFE ON TOP Subscribe to Asia’s leading luxury yachting magazine today Visit www.asia-pacificboating.com or email sub@bluincmedia.com
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia, S’pore to decide on RTS link next year
      448 11 Both sides studying alignments, customs, immigration and quarantine matters [JOHOR BARU] Malaysia and Singapore will make the decision on the Malay-sia-Singapore Rapid Transit System (RTS) link project next year. Iskandar Regional Development Authority (Irda) chief executive officer Ismail Ibrahim said authorities
      FILE PHOTO  -  448 words
    • Article
      Lock icon Indonesia’s exports seen falling in June
      514 11 July inflation likely quickened to highest level since Sept: poll Reuters [JAKARTA] Indonesian exports are expected to have declined in June for the third straight month dampened by softer demand from China and from the effects of new mining rules, widening the country’s trade
      Reuters  -  514 words
    • Article
      Lock icon Gold-backed loans to climb at Indonesian banks this year
      600 11 Bloomberg [JAKARTA] Indonesian banks plan to increase Islamic lending backed by gold deposits by as much as fivefold this year after new rules helped limit risk in the market. PT Bank Danamon Indonesia is targeting 200 billion rupiah (S$26 million) of
      Bloomberg  -  600 words
    • Article
      Lock icon Jakarta takes on EU over duties at WTO
      281 11 Indonesia triggers first stage in trade dispute with move Reuters [GENEVA] Indonesia went to the World Trade Organization (WTO) on Monday to overturn anti-dumping duties imposed by the European Union (EU) in its first such complaint against the bloc since winning a
      Reuters  -  281 words
    • Article
      Lock icon Maybank confident of keeping controlling stake in Bll
      403 11 [KUALA LUMPUR] Malayan Banking Bhd (Maybank) is optimistic that it will be able to keep its controlling stake in Bank Internasional Indonesia (BII) despite the recent change in bank ownership rules in Indonesia, reported Malaysia’s Business Times. Maybank, which bought BII in
      403 words
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      160 11 Setting up a call centre??? All-Touch™ Virtual Call Centre onverged Solutions Hosted Call Centre, Hosted SMS, Hosted IVR, Hosted CRM, On-Demand. Supports 'do-not-call' list *r» No need to buy, subscription basis. From $2,000 r' International Toll-Free Numbers Backup and Redundancy Interactive Voice Response and support callers Campaign model (short term)
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Alibaba Group said to be close to raising US$8b
      780 12 It plans to use the money to buy back a 20% stake in itself from Yahoo NYT [NEW YORK] Some US Internet companies may be unpopular with investors these days, but a Chinese one is finding plenty of takers. The Alibaba
      NYT; REUTERS  -  780 words
    • Article
      Lock icon India’s home minister named finance minister
      200 12 Reuters AFP [NEW DELHI] India’s Home Minister P Chidambaram has been named finance minister, stepping into the key role at a difficult time for the once-booming economy, reports said yesterday. Mr Chidambaram, who has already served twice as head of the finance ministry between
      Reuters; AFP  -  200 words
    • Article
      Lock icon China ups spending on railways to lift economy
      498 12 Bloomberg [BEIJING] China announced a jump in planned railway spending and the State Council called for private investment in utilities and healthcare as Premier Wen Jiabao tries to reverse an economic slowdown. The Ministry of Railways, the nation’s largest corporate debt issuer,
      Bloomberg  -  498 words
    • Article, Illustration
      Lock icon Second massive power failure hits India in 2 days
      521 12 Bloomberg [NEW DELHI] India’s electricity grid collapsed for the second time in as many days, cutting off more than half the country’s 1.2 billion population in the nation’s worst power crisis on record. Commuter trains in the capital stopped running, forcing
      Bloomberg; AFP  -  521 words
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      592 12 't# WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF IJIMASIA PTE LTD (In Liquidation) (Company Reg. No; *****3738D) NOTICE TO CREDITORS OF INTENTION TO DECLARE FIRST AND FINAL DIVIDEND Name of Company IJIMASIA PTE LTD Address of Registered Office 1 North Bridge
      592 words
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      21 12 INTHIS ISSUE? Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MATS NOTICES CLA/FEB11/g
      21 words
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      Lock icon Page 12 Advertisements Column 3
      36 12 r www.omy.sg -'W^ "'m-i. 7S,. f ■ot-v :j 'ii'i'f'*’ i "I > -'I. 65;SaOE I IDENTITY IS KNOWING WHO WE ARE WHAT WFCAN BE da ’5? I More at lifestyle.omy.sg Download FREE QR Code Reader, e.g. BeeTagg
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  • WORLD
    • Article, Illustration
      Lock icon Monti sees light at end of eurozone tunnel
      662 13 But markets appear to feel differently, losing hope of swift intervention by ECB [ROME] Italian Prime Minister Mario Monti said yesterday that Europe was starting to see light at the end of the tunnel of the eurozone’s sovereign debt crisis, belying a
      AFP  -  662 words
    • Article, Illustration
      Lock icon European banks’ Q2 earnings take a hammering
      548 13 Deutsche Bank profit dives 50%, UBS’s slumps 58% AFP Bloomberg [FRANKFURT] Europe’s biggest banks yesterday took massive hits on their second-quarter profits as the eurozone debt crisis slices into earnings and adds to the pressure to boost their capital defences. In Germany, the
      AFP; Bloomberg  -  548 words
    • Article
      Lock icon Firms turn to social media for research
      436 13 NYT [NEW YORK] Frito-Lay is developing a new potato chip flavour, which, in the old days, would have involved a series of focus groups, research and trend analysis. Now, it uses Facebook. Visitors to the new Lay’s Facebook app are asked to suggest
      NYT  -  436 words
    • Article
      Lock icon Some employees involved in scam: Deutsche Bank
      337 13 AFP [FRANKFURT] Deutsche Bank, Germany’s biggest lender, confirmed for the first time yesterday that a “limited number” of its employees had been involved in the Libor interest-rate rigging scandal. In a letter to Deutsche Bank staff, a copy of which was obtained by
      AFP  -  337 words
    • Article
      Lock icon Limited assets to spur brewer buyouts
      548 13 Bloomberg [LONDON] A race for a dwindling number of brewing assets in high-growth emerging markets is spurring beer makers to take full control of joint ventures to keep them out of the hands of competitors. So far this year, brewers have announced 45 acquisitions
      Bloomberg  -  548 words
    • Article, Illustration
      Lock icon M&S buyout seen with stock 55% under peak
      1210 14 Cash-generative, it’s being touted as a perfect buy for a private-equity firm Bloomberg [LONDON] Marks Spencer Group Plc, the 128-year-old department store chain, is offering privateequity shoppers the biggest bargain in more than seven years versus its main UK clothing competitor. CEO
      Bloomberg; REUTERS  -  1,210 words
    • Article
      Lock icon Potential fraud deepens Suntech Power’s woes
      562 14 Chinese solar panel maker struggling with US$540m debt NYT [NEW YORK] Suntech Power Holdings, one of the world’s largest manufacturers of solar panels, was already struggling with heavy debt, a global glut of solar panels that has wiped out the industry’s profits and a
      NYT  -  562 words
    • Article, Illustration
      Lock icon Japan flags China naval activities in East China Sea
      521 14  -  By ANTHONY ROWLEY in Tokyo JAPAN is becoming increasingly concerned about the activities of Chinese naval vessels in the East China Sea and the Pacific Ocean, according to a Japanese Defence Ministry white paper published yesterday. The whole of East Asia
      REUTERS  -  521 words
    • Article
      Lock icon Chinese bids welcomed in Aussie asset sale
      387 14 Australian govt will unveil ‘Infrastructure NSW’ portfolio in September AFP [SYDNEY] Chinese state-owned firms will be welcome to buy Australian government assets in an upcoming sale worth more than A$40 billion (S$55 billion), a top official said yesterday amid calls for broader ties.
      AFP  -  387 words
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      87 13 ALL N L W MORE POWER. MORE FUN V 39 h HOB 3 CANOPY YEARS OR 10O.OOOKM WARRANTY PARKING OPTIONAL HARD-TOP The All-New Actyon Sports is equipped with the New E-XDI Diesel Engine. Available in 6-speed manual or automatic transmission and 2 wheel or 4 wheel drive configuration. For more
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      113 14 2nd Myanmar Business Summit MYANMAR LEGAL SUMMIT New FDI Law Company Law Structuring Contracts Joint Ventures in Myanmar 30 August 2012, Marina Mandarin, Singapore The one-day Summit will inform on the many challenges new businesses face in Myanmar; how to get it right as well as the legal recourse should
      113 words
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  • LONDON OLYMPICS 2012
    • Article, Illustration
      Lock icon Feng falls to world champion Ding
      443 15  -  But the paddler retains the chance to finish among the top 3 in the women singles By LEE U-WEN [SINGAPORE] She carried the gold medal hopes of an entire nation on her shoulders but the pressure eventually proved too much as Singaporean paddler Feng
      443 words
    • Article
      Lock icon Some UK firms thumb their noses at ‘logo police’
      599 15 Items not made by sponsors sold from under the counter Reuters [LONDON] A crackdown by “logo police” on brands being linked to the Olympics without official sponsorship rights is proving a challenge rather than a hindrance for some companies which are
      Reuters  -  599 words
    • Article
      Lock icon Sports-mad Asian fans bleary-eyed
      558 15 AFP [SYDNEY] It’s the early hours of the morning and people would normally be in bed ahead of their workday, but not at the giant Steyne pub in Sydney or in living rooms across Asia. The Olympics are on and billions of people worldwide are glued
      AFP  -  558 words
    • Article, Illustration
      Lock icon Zara Phillips wins first Olympic medal
      751 15 UK takes the silver, Germany gold and New Zealand bronze Reuters NYT Bloomberg [LONDON] Host country Britain continues to wait for its first gold medal, after Zara Phillips, the granddaugther of the queen came in a close second in eventing. G e r m
      Reuters; NYT; Bloomberg; AFP  -  751 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asia must integrate, but cautiously
      455 16 EDITORIAL TO integrate or not to integrate: that is the question one that has special relevance for Asia now, given the economic and financial turmoil in much of Europe. Asia stands, uncertain and Hamlet-like, upon the threshold of integrating economically and financially. The dilemma was
      455 words
    • Article, Illustration
      Lock icon A problem Beijing can’t sweep under the carpet
      780 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 ONLY four years ago, Beijing played host to the summer Olympics and amazed the world with its modernity and its sophistication. The event
      780 words
    • Article, Illustration
      Lock icon Looking to super Mario Draghi to save the euro
      1034 16  -  European Central Bank president saying the right things, albeit sometimes cryptic By CHARLES WYPLOSZ The author is professor of International Economics at the Graduate Institute in Geneva. This comment was sourced from VoxEU.org a Web portal that features the views of
      REUTERS  -  1,034 words
    • Article, Illustration
      Lock icon The advantage of long-term investing
      1144 17 It allows harvesting of risk premiums from different asset classes, taking a contrarian stance during short-term deviations THE Government of Singapore has entrusted GIC with managing its funds for the long term. This allows GIC to adopt a long-term investment approach maximising long-term returns while
      Source: GIC  -  1,144 words
    • Article, Illustration
      Lock icon Pension fund’s bond whale may weaken yen
      1066 17  -  WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own AS HAVENS go, Japan sure is an odd case. You would think that having the developed world’s largest public debt, an aging and shrinking population, deflation, few natural
      REUTERS  -  1,066 words
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  • Transport HUB
    • Article
      Lock icon Avoiding ballast water ‘chaos ’
      852 18  - Avoiding ballast water ‘chaos A longer timeline for complying with the convention seems to be a logical and obvious solution STRAIT TALK By DAVID HUGHES THEY say it’s an ill wind indeed that blows nobody any good. Right now, shipping is facing a hurricane of new regulatory requirements. The most
      852 words
    • Article, Illustration
      Lock icon Chairman’s troubles may hurt China Rongsheng
      720 18 Stock falls as SEC’s insider trading probe seen deterring deals Bloomberg [SHANGHAI] China Rongsheng Heavy Industries Group Holdings Ltd, which hasn’t announced any 2012 ship orders, may find winning deals even harder as a company owned by its billionaire chairman faces an insider-trading probe.
      Bloomberg; REUTERS  -  720 words
    • Article
      Lock icon Fresh sanctions against Iran close to being finalised
      364 18 Reuters [WASHINGTON]US lawmakers moved a step closer to finalising new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on Monday. The bill includes several new provisions seeking to
      Reuters  -  364 words
    • Article
      Lock icon Bad weather to reduce grain cargo, hitting Supramax earnings
      540 18 Bloomberg [LONDON] The worst US drought in more than a half century and dry weather from Europe to Australia will mean the biggest contraction in grain cargoes for 19 years and unprofitable rates for owners of Supramax commodity carriers. Global trade
      Bloomberg  -  540 words
    • Article
      Lock icon TRANSPORT STOCKS
      251 18 SGX '000 Jul 31 S$ +/-Vol CH Offshore 0.40 0.01 102 Chuan Hup Hldg 0.23 unch 55 Cosco Corp 0.97 0.01 6447 s$ Ezra Hldgs 0.99 0.02 7167 First Ship Lea 0.15 unch 650 Freight Links 0.07 unch 1066 Grand Banks 0.26 0.03 618 Jaya Hold Ltd 0.56
      251 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Bell opens $30m facility at Seletar
        460 19  -  Asia-Pacific hub houses maintenance, overhaul work, training, spare parts By VEN SREENIVASAN BELL Helicopter yesterday officially opened its $30 million facility at Seletar Aerospace Park which will be its maintenance, overhaul, training and spare parts hub for its Asia-Pacific market. The 165,000 sq ft
        BLOOMBERG  -  460 words
      • Article
        Lock icon Embraer’s Q2 profit down on taxes
        307 19 Reuters [SAO PAULO] Brazil’s Embraer, the world’s largest maker of regional jets, posted a decline in second-quar-ter profit due to higher taxes, but solid output and a more favourable exchange rate boosted the company’s profit margin forecast. The company reported net income of 114.8
        Reuters  -  307 words
      • Article, Illustration
        Lock icon Air France-KLM Q2 loss halved
        497 19 Reuters [PARIS] Air France-KLM beat expectations by halving its operating loss in the second quarter as cost-cut-ting begins to bear fruit, and told unions there was no alternative to restructuring plans now hinging on the support of French pilots. The Franco-Dutch group, which last week
        Reuters; BLOOMBERG  -  497 words
      • Article
        Lock icon Pilots angry as arbitrator rules in favour of Air Canada
        463 19 Reuters [VANCOUVER] A Canadian govern-ment-appointed arbitrator chose to enforce Air Canada’s final offer over one proposed by the union representing its 3,000 pilots, ending a long and bitter contract dispute but angering the pilots. Air Canada, Canada’s biggest airline, said
        Reuters  -  463 words
      • Article, Illustration
        Lock icon Aviation bodies urge action on EU carbon law
        611 19 Meeting in US seeks market-based UN approved framework Reuters [WASHINGTON] A coalition of industry lobby groups urged the Obama administration on Monday to take more aggressive measures to challenge an EU law that forces airlines that use European airports to pay for
        Reuters  -  611 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Registrations of ultra-luxury cars stay strong
        613 20  -  Despite overall fall in market, six high-end brands post higher sales in Jan-June 2012 By SAMUEL EE SALES of ultra-luxury and super sports cars seem to be holding up even as the economy slows down and the overall market contracted by 31.6 per cent
        613 words
      • Article, Illustration
        Lock icon Buy a motor policy, get a car camcorder
        439 20  -  Liberty aims to help set record straight in accident claims By SAMUEL EE TO avoid contentious post-accident claims, Liberty Insurance has the perfect gift for each new motor insurance policy a car camcorder. The insurer has been giving away the $160 digital
        439 words
      • Article
        Lock icon Used Lambos, Ferraris going cheap in HK
        819 20 Bloomberg [SHANGHAI] Waiting lists for ultra-luxury cars in Hong Kong are getting shorter and used-car lots are cutting prices on Lamborghinis, Ferraris and Bentleys in the latest sign of China’s slowdown. At first glance, the numbers are deceiving: Sales of very expensive new
        Bloomberg  -  819 words
      • Article
        Lock icon GM ousts marketing chief over Man United contract
        570 20 Bloomberg [SOUTHFIELD, Michigan] General Motors Co (GM) ousted Joel Ewanick, the high-profile marketing chief brought in to change the automaker’s image, after company officials questioned the propriety of a deal he negotiated to sponsor the Manchester United soccer team, people familiar with
        Bloomberg  -  570 words
      • Article, Illustration
        Lock icon Honda Q1 profit misses forecasts, hit by strong yen
        495 20 Reuters [TOKYO] Honda Motor Co’s operating profit rose less than expected in the April-June period to 176 billion yen (S$2.8 billion), as a strong yen eroded some of the gains from its sales recovery in North America, its biggest and most
        Reuters; AP  -  495 words
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      32 19 Interview with MD of Chow Tai Fook Group The jewellery chain has 700KVIP members in China To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      32 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      349 19 CRYPTIC CROSSWORD Across 1 Ingenious mechanical device by entrance to castle (6) 5 Way to gain speed within reason (8) 9 How one may spin round having drunk cocktails and wine! (13) 10 Mum enjoys life touring round 500 islands (8) 11 Bird hide is to be concealed (6) 12
      349 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2855 21 Transaction date: Jul 31 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 132 92.5 AIMSAMPIReit 128.5xd +1 689
      2,855 words
    • Article
      Lock icon SGX CATALIST
      159 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale (‘000) High Low Buyer Seller C'vr
      159 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8025 22 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncTCIA!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM local Ccy Bond 0 9531/
      8,025 words
    • Article
      Lock icon GLOBALQUOTE
      202 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 28.5 AVJennings A29.5 unch 6 29.5 29.5 29.5 39.5 3.6 11.9 2.4 76.8 46 25.5 Genting HK US$ US32 unch 3114 32 31.5 31.5 32 2107
      202 words
    • Article
      Lock icon SGX ETF
      967 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 120.1 +0.1 15 121.9 120.1 120.1 120.7 548.2 126.8 122.2 CIMB APAC Div 100S$D 126.8 126.6 127.5 103 95.8 CIMB
      967 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      632 23 Jul 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8600.92 8732.84 8585.26 Sep12 8605.00 8735.00 8575.00 8675.00 ***** *****0 Dec12 8530.00 8615.00 8530.00 8615.00 205 ***** MSCI TAIWAN INDEX FUTURES SPOT 252.36 257.54 252.20 Aug12 250.80 254.60 249.90 253.60 ***** *****1 Sep12 251.70
      632 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jul 30 Index Change Change Change Change Change Change World Preliminary 884.3 0.2 6.6 0.1 1.8 0.2 5.9 EAFE Preliminary 707.2 1.0 3.7 0.8 -2.1 0.8 1.8 Europe Preliminary 1069.6 1.2 4.2
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      152 23 As on 30 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1618.90 1618.50 1619.70 11 GOLD FUT OCT2012 1621.70 1616.90 1621.80 40 INDIA GOLD (E-GOLD) FUT OCT2012 539.60 537.20 541.40 1154 GOLD FUT DEC2012 1626.20 1618.70 1624.10 20 CURRENCY
      152 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Jul 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1725.75 1684.25 1732.00 1698.75 Sep 12 1667.25 1627.75 1672.00 1642.00 Nov 12 1643.50 1601.75 1648.00 1617.50 Jan 13 1632.50 1591.25 1636.00 1606.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 52.57
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Jul 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.42 0.05 WTI (Near Mth) 89.65 -0.47 Dubai (1-Mth F) 102.37 0.51 Tapis blend 108.94 1.07 Minas 109.54 1.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.56 -8.72 Jet Kerosene 121.29 0.09 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jul 31 S$ Bid Offer 1-month 1.2444 1.2454 2-months 1.2443 1.2454 3-months 1.2442 1.2452 6-months 1.2430 1.2441 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 23 Jul 30 Jul 30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1864.50 1862.00 3 months 1900.00 1895.00 Copper, Grade A(US$/tonne) Cash 7534.00 7557.00 3 months 7545.00 7565.00 Lead(US$/tonne) Cash 1942.75 1918.75 3 months 1951.00 1924.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      Lock icon LIFFE
      79 23 Jul 30 COCOA (£/tonne) Close Prev High/Low Sep 12 1609 1603 1615/1599 Dec 12 1593 1583 1600/1580 Mar 13 1571 1558 1581/1559 May 13 1571 1557 1578/1561 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2223 2229 Sep 12 2240 2246 2258/2192 Nov 12 2196 2200 2207/2161 Jan 13 2158 2162
      79 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1198 23 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 1 146 456 6.75 22 Conv Ratio Exer Baker Technology Ltd W*****6 1.5 1 32 12 20.00 4 Prem Best World Intl Ltd W*****5 0.6 1 30
      1,198 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Jul 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.052 6.685 0.857 8.147 58.495 99.444 0.822 11.879 3.288 1.299 99.444 43.854 1.308 8.636 1.029 31.512 33.148 0.669 1.051 Canada 0.950 6.353
      470 words
    • Article
      Lock icon SIBOR
      60 23 Jul 31 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
      60 words
    • Article
      Lock icon PRECIOUS METALS
      134 23 Jul 31 GOLD(US$/oz) Jul 30 Jul 31 Hong Kong 1624.40 1630.00 Jul 31 Jul 27 Jul 30 London 1616.26 1619.16 1617.03 1619.93 Source: Thomson Reuters CAST BAR Jul 31 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 443 324 10gm 791
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 23 Jul 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 01-Nov-12 0.22 6-Month BS*****Z 24-Jan-13 0.22 1-Year BY*****T 02-May-13 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.1 100.15 100.13 5-Year N*****0Z 2.375
      92 words
    • Article
      Lock icon PALM OIL
      57 23 Jul 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2955.0 2980.0 2955.0 2931.0 310 3355 Sep 12 2979.0 2994.0 2982.0 2938.0 4317 ***** Oct 12 2996.0 3005.0 2997.0 2948.0 ***** ***** Nov 12 3004.0 3013.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Jul 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3074 1.3085 1.0506 1.0507 Canadian dollar 1.2422 1.2437 0.9986 0.9982 Euro 1.5255 1.5274 1.2259 1.2264 NZ dollar 1.0062 1.0078 0.8086 0.8092 Sterling pound 1.9528 1.9552 1.5693 1.5699
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 23 As at 9am Jul 31 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.339 1.276 Can dollar 1.274 1.214 Euro 1.565 1.491 Sterling pound 1.996 1.920 NZ dollar 1.038 0.989 US dollar 1.265 1.217 Local dollars to 100 units of
      122 words
    • Article
      Lock icon INTERBANK RATES
      157 23 Jul 31 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 1/16 US$ 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 12
      157 words
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  • Article
    Lock icon The Business Times Shipping Times
    3438 24 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 STXPO TBN
    3,438 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      58 24 sH s P maintenanc services wanted Can they find your services here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 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
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      Lock icon Page 24 Advertisements Column 2
      18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      Lock icon Page 25 Advertisements Column 1
      127 25 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG I I FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES Shipping Times CALL WO IMG AT 9620 1 Sffl Highlight fa* Your Company Anniversar#*' Come publicise your Company
      127 words
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      841 26 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and
      841 words
  • executive Money
    • Article, Illustration
      Lock icon Next-gen fund managers feel the Tiger’s influence
      1278 26 Tiger’s founder Julian Robertson trained his young proteges in the same tradition, creating the next generation of hedge fund stars NYT [NEW YORK] When a top hedge fund manager donated money to start a student- run portfolio at the University of Virginia in
      NYT; BLOOMBERG  -  1,278 words
    • Article, Illustration
      Lock icon Central banks go unorthodox
      1147 27  -  The very actions central banks and regulators have been taking to increase confidence in the banking sector might be undermining banks’ ability to lend, say ALEXANDER FRIEDMAN and KIRAN GANESH ALEXANDER FRIEDMAN, KIRAN GANESH Alexander Friedman is global chief investment officer at UBS AG and Kiran
      Bloomberg; BLOOMBERG  -  1,147 words
    • Article
      Lock icon Big banks get tough with unprofitable hedge fund clients
      982 27 Reuters [LONDON] Major banks face growing pressure to extract more money from, or even sever ties with, unprofitable hedge fund clients as they cut costs in the face of tough trading conditions and try to refocus on the biggest managers. Industry
      Reuters  -  982 words
    • Article, Illustration
      Lock icon El-Erian poised to take over at Pimco
      1584 28  -  The question on many minds is whether El-Erian can possibly replicate Bill Gross’ success, reports GERALDINE FABRIKANT reportsGERALDINE GERALDINE FABRIKANT NYT RECESSIONS, crackups, bailouts these are profitable times for Mohamed A El-Erian. Mr El-Erian is the crown prince of the mul-titrillion-dollar global bond
      NYT; BLOOMBERG  -  1,584 words
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      360 27 Hear from Jim Rogers the "Legendary Commodities Guru” f* At the Shares Investment Conference 2012 Saturday 1 September 2012 9amto7pm The Rock Auditorium, Levels, Suntec City Will Asian Markets Continue To Shine? Attend the Shares Investment Conference 2012 to find out how Jim Rogers sees the world today and what
      360 words
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      465 28 Deutsche Bank db X-trackers ETFs Over USD250m assets 1 me largest China A-shares ETF db x-trackers csisoo index etf available in Singapore 2 Exposure to a diversified China A-shares index Listed in USD on SGX SGX code: KT4 BBG code: XCSI SR For further information: Hotline: +65 6238 8868 Website:
      465 words
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  • Swiss National Day
    • Article, Illustration
      Lock icon Getting up close and personal
      1229 1 S’pore was No 1 on the Swiss ambassador’s diplomatic wish list and he feels that it is the people who have made the nation what it is today AMBASSADOR Jörg Alois Reding has been accredited for the last four years to Singapore and Brunei. In
      1,229 words
    • Article, Illustration
      Lock icon Celebrating 100 years of Swiss banking
      492 1  -  By PATRICK ODIER The writer is chairman of the Swiss Bankers Association FOR centuries, Swiss banks have made an important contribution to the prosperity of Switzerland. For the past 100 years, their efforts have been supported by the Swiss Bankers Association. Founded in 1912,
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      Lock icon Researching for the future
      963 2 Assistant professorships by Future Cities Laboratory contribute to the growing body of knowledge on sustainable development THE Future Cities Laboratory is the first research programme of the Sin-gapore-ETH Centre for Global Environmental Sustainability. Of the 13 groups within the Future Cities Laboratory, there are three assistant
      963 words
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      Lock icon A meeting of great minds
      891 3  -  St Gallen Symposium programme is the leading platform for youths to meet and work with today’s leaders, reportsJAMES SOH reportsJAMES JAMES SOH The writer is executive director, National Youth Achievement Award Council and Adviser to the Knowledge Pool, Leaders of Tomorrow Programme, St Gallen Symposium
      891 words
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      Lock icon Promoting Swiss tourism to the world
      1835 4  -  Both domestic and international tourism are important components of the Swiss economy, saysVINCENT VINCENT WEE SWITZERLAND takes its tourism business very seriously and with good reason, as both domestic and international tourism are important components of the Swiss economy. Of total revenue of CHF35.5
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      Lock icon 100 years on and still chugging along
      471 4 THE Jungfrau Railroad celebrates its 100th anniversary in 2012. Many events will take place throughout the year. The jubilee celebration is planned for Aug 1, 2012. For several months now, various activities have been leading up to the Jubilee. For instance, visitors to
      471 words
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      Lock icon A philosopher of the past
      344 4 THE city of Geneva celebrates the 300th birthday of Jean-Jacques Rousseau, the philosopher and writer, this year. Many events (Music, Art, Literature, Exhibitions, City Tours) will be held throughout the year. The motto of this jubilee, Rousseau For All (Rousseau pour tous), aims at a
      344 words
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      Lock icon More Swiss living in S’pore
      911 5  -  In the South-east Asian region, the Swiss community of Singapore is one of the fastest growing communities, vincent wee finds out VINCENT WEE THE number of Swiss citizens living in Singapore has risen dramatically in the past 20 years, as in the rest of Asia.
      911 words
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      Lock icon Growing business opportunities
      533 6 A few key organisations are actively attracting Asian business partners looking to invest in Swiss ventures FOR much of Asia, Switzerland is the gateway to Europe. With its ideal location, strong business culture and internationally oriented population, it is no secret that Switzerland is well positioned for
      REUTERS  -  533 words
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      Lock icon Getting established in Singapore
      787 6  -  By VINCENT WEE AMONG the more prominent Swiss companies in Singapore is the top insurance group Swiss Life and the soothing companion of chronic coughers, Ricola Herb Cough Drops. The Swiss Life Group has over 150 years of experience and is one of Europe’s biggest providers
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    • Spotlight on Swiss companies
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        Lock icon CLS Communication
        735 7 Offering global language solutions to Asia from the heart of Europe CLS Communication is a global language services provider based in Europe, Asia and North America. Their language specialists write, edit and translate texts in any language in all major industries. Europe is home to a plethora of
        735 words
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        Lock icon RONDO
        660 7 Dough-how more: A Pastry Company on the Rise “I am not very good at saying we are the best, but we are quite unique,” said Mr. Robert Rohrer, the modest CEO of RONDO, a worldwide leader in the pastry machine and installation business. “I think we try to identify
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        Lock icon HGP
        712 8 Consulting Firm Brings Swiss Quality to Asian Life Science Industry As the worlds’ population ages, the need for quality life science solutions increases. This is especially true in Asia where the number of people above 65, will more than triple over the next 50 years. There is a dire
        712 words
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        Lock icon Juvenia
        451 8 Swiss Luxury Brand Juvenia Keeps Time with the Asia-Pacific Region Hollywood actor Johnny Depp put Swiss luxury watch manufacturer Juvenia on the map in January 2008 when he posed on the cover of U.S. men’s magazine Esquire, flashing a vintage watch. Dating from the 1960s, Depp’s “Sextant” watch features
        451 words
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        Lock icon Laufen
        524 8 Secret formulas for designer ceramics Founded in 1892 in Switzerland, the bathroom specialist Laufen has been making state-of-the-art ceramics for 120 years. Today, Laufen offers integrated bathroom concepts with products ranging from sanitary ceramics to accessories. Alberto Magrans, senior managing director at Laufen, has clear plans for his brand.
        524 words
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        Lock icon Swiss Precious Metals
        355 9 Shares Its “Vaulting Secret” with the Singaporean Market As gold prices might soar worldwide during the summer of 2012, a safe haven for investors may be Swiss Precious Metals backed by Swiss quality and precision. Swiss Precious Metals, a joint venture between Euroasia Investment SA and Paladeino
        355 words
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        Lock icon Ellicott
        458 9 Rebirth Brings Historic Brand into the 21st Century Established in London since the 18th century, Ellicott wristwatches have a rich history of crafting authentic, luxury timepieces. Once a pioneer in the watchmaking industry, Ellicott has recently returned to the forefront of the watch industry by launching its first 21st
        458 words
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        Lock icon ETH Zurich
        670 9 The Top University in Continental Europe meets the global challenges Aiming to further enhance its profile in an international context, ETH Zurich can build upon a solid foundation at home, supported by Swiss politics and its people. ETH Zurich has come to symbolise excellent education, ground-breaking basic research
        670 words
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        Lock icon Triumph International
        860 10 Lingerie manufacturer Triumph blazes a trail throughout Singapore and Asia Not only is China commemorating the Year of the Dragon in style, so is Swiss-German lingerie and shape wear maker Triumph International. Founded in 2008, the annual Triumph Inspiration Award challenges global fashion students to use their talent,
        860 words
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        Lock icon Marche®
        250 11 A new Bar Bistro concept by Marche® The fresh food gastronomic restaurant, Marche International, launches an exciting new concept in cosmopolitan Singapore. Spread across 197 sqm in the prime Raffles City precinct, Marche Bar Bistro offers an exquisite selection of freshly prepared food in an open kitchen setup along
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        Lock icon Palexpo
        482 11 Swiss Exhibition Space emphasizes its ‘Green’ Vision and Neutrality More than 5,000 car connoisseurs from Asia and around the world descended on Switzerland Tuesday, July 3 for a global meeting of a well known French car manufacturer. Palexpo, an exhibition centre in Geneva, served as the venue for its
        482 words
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        Lock icon Eterna SA
        622 11 Eterna Looks to Singapore as a Knowledge Centre in Swiss Watchmaking in Asia Eterna is not your average Swiss watch company. Founded in 1856, Eterna established itself by producing handmade, reliable watches with advanced technology and has been a driving element in the industry ever since. To this
        622 words
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        Lock icon Aravis
        701 12 Swiss Private Equity House Aravis Continues to Take Risks in Singapore, Asia Venture capitalists are willing to take risks on young companies, and Swiss venture capital private equity firm, Aravis, is no exception. Founded in 2001 and located in Zurich, Aravis is the first independent Swiss on-shore private equity
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        Lock icon Symetis
        509 12 Swiss Medical Devices Company Symetis Has Tremendous Heart Not many companies can legitimately claim they are “intuitive at heart.” Yet, Swiss company Symetis has its heart in the right place through its innovative, minimally invasive heart-valve replacement therapies. The medtec company is financed by leading European venture capital firms,
        509 words
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        Lock icon SEG – Swiss Education Group
        668 13 SEG Swiss Education Group Swiss Education Group (Swiss Hotel Management School Group): Swiss Quality Hospitality Education Switzerland’s excellence is seen in everything from its high-quality products to its strong Swiss Franc to its impressive business culture. Therefore it is no surprise that Switzerland’s education and hospitality are also top-notch. The
        668 words
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        Lock icon LUZI
        406 13 Swiss Fragrance Supplier Luzi Offers Singapore, Asia a Sweet Smell of Success The typical Singapore woman spends about S$200 a month on beauty products and services including perfume making her the biggest spender in Asia. This statistic may make Swiss fragrance supplier Luzi take notice. Luzi AG specialises in
        406 words
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        Lock icon Swiss Opportunity Exists Outside of the Boardroom
        445 13 Switzerland boasts one of the most stable economies on the planet, but the country attributes its success to more than just its finance industry. Everything from its schools to its cities to its historic watchmaking industry makes Switzerland the ideal country to partner
        445 words
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      Lock icon A destination for education, research
      770 14 Switzerland’s superior qualities and skills in education, science and technology enjoy broad international recognition EDUCATION has always been a top priority in Switzerland, evidenced by the outstanding level of resources allocated to Swiss schools and universities. Higher education is particularly characterised by a dual system
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      78 1 CONTENTS Getting up close and personal PAGE 1 Researching for the future PAGE 2 A meeting of great minds PAGE 3 Promoting Swiss tourism to the world PAGE 4 More Swiss living in S'pore PAGE 5 Growing business opportunities PAGE 6 Spotlight on Swiss companies PAGES 7-13 A destination for
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      160 3 t l/S'4 1 ■T- W •-V, -V vl'r' J m> yr I t <;-v fclMl- Ew V ii K—- n K<\ m V. 1 jC X* "»‘>3 fT* In today's complex financial environment, you face increasingly higher financial exposure. Designed to meet your needs of asset protection and financial peace
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      86 5 www.juliusbaer.asia V' m" Bay Myoccupal n: %Pa SSion: Fl_y,^ My private bank: g **<=*& T HEv j~~~ EV tv/ s t *t0r I' v>t Bank Julius Baer wishes Switzerland a very happy birthday and a prosperous future. Julius Bar Your private bank. Julius Baer, the leading Swiss private banking group,
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      226 14 •> ijpkSHV,.: •o i t s •!V l 3 sJ rl f I V > ■fi v. V-v ."V *S AW--.T i!5^E .2 :w T.*" v. -^S ss? 1 -?'&jgr- >■>’•/■• V Architectural and landscape solutions 3K* VJIUS r V m v V -v ft V AiV RStt*" •<. 2S9&
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