The Business Times, 15 August 2012

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Microfilm: NL32202
Total Pages: 42
1 42 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) 074/08/2012 Wednesday, August 15, 2012
    25 words
  • Article
    Lock icon SIA bets on cabin upgrade to fly ahead
    733 1  -  Sources see up to $120m being spent on the change By VEN SREENIVASAN [SINGAPORE] Imitation may be the greatest form of flattery, but for Singapore Airlines (SIA) it has become a major threat over the years. Tired of being mimicked, SIA is
    733 words
  • Article
    Lock icon Thai twist clouds future of Heineken brew at APB
    894 1  -  Licences for producing Heineken beer in Vietnam and Indonesia are up for renewal in next few years By JAMIE LEE [SINGAPORE] Heineken may have a secret weapon in its effort to seize control of Asia Pacific Breweries. If it is thwarted,
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,087.84 (+23.03) GST INDEX FUTURES 3,073.00 (+23.00) GSIMSCI 354.63 (+2.79) GSIMSCI FUTURES 354.40 (+2.90) us$ s$ US$ (S$ per US$) 1.245 (US$/S$ per 1.571 1.955 EURO (US$/S$/€) 1.238 1.541 Foreign currency per US$ S$ YEN 78.60 63.10 RM 3.117 2.504 HK$ 7.757 6.233 BAHT 31.43 25.25 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,652.90 +6.58 NIKKEI 225 8,929.88 +44.73 HANG SENG 20,291.68 +210.32 SET INDEX 1,226.82 +7.45 JAKARTA COMP 4,121.56 +19.03 MANILA COMP 5,265.94 -5.84 SEOUL COMP 1,956.96 +24.52 SHENZHEN B 568.92 +7.79 MUMBAI IND 17,728.20 +94.75 12noon EDT Change DOW 13,211.72 +41.89 NASDAQ 3,031.10 +8.58
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.299 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
      19 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Earnings slow in Q2, but meet expectations
      779 2  -  Genting and Wilmar notable misses By KENNETH LIM [SINGAPORE] Singaporelisted companies posted weaker second-quarter earnings that mostly met already lowered expectations, analysts said. The biggest surprises came from Genting Singapore and Wilmar International, which missed estimates, while thinner margins in the offshore and
      Compiled by BT  -  779 words
    • Article, Illustration
      Lock icon Retail sales gain in July hints at stronger economic growth
      625 2 LATEST US DATA Bloomberg Reuters [WASHINGTON] US retail sales rose in July for the first time in four months as demand climbed broadly for everything from cars to electronics, a sign consumers could drive faster economic growth in the third
      Bloomberg; Reuters; BLOOMBERG  -  625 words
    • Article
      Lock icon Eurozone economy shrinks
      420 2 Bloc contracts 0.2% in Q2; worse to come with Germany unlikely to hold up for long Reuters [BERLIN] The eurozone’s debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out. The 17-nation currency
      Reuters  -  420 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      319 2 Thai twist clouds Heineken brew at APB HEINEKEN may have a secret weapon in its effort to seize control of Asia Pacific Breweries. If it is thwarted, it could play hardball on some critical licence agreements and harm APB’s growth prospects in emerging markets. This scenario has come
      319 words
    • Article
      Lock icon NTUC Income swamped in $600m bond debut
      619 2  -  Its offer draws $9b, the most ever for a Singdollar issue By SIOW LI SEN [SINGAPORE] Demand for NTUC Income’s inaugural bond issue was so red hot yesterday, it received a stunning $9 billion, a 15 times subscription, for the $600 million 15-year
      619 words
    • Article
      Lock icon Heineken sounded out before OCBC’s stake sale to ThaiBev
      375 2  -  But Dutch firm’s offer for APB stake was not good enough, says source By JAMIE LEE [SINGAPORE] The OCBC stable had approached Heineken for a price on their stakes in Fraser and Neave, and Asia Pacific Breweries (APB), when Thai tycoon
      375 words
    • Article, Illustration
      Lock icon SMRT gets new president/CEO
      496 4  -  Perm sec and former chief of defence force to take up post from Oct 1 By SAMUEL EE [SINGAPORE] SMRT Corp yesterday announced that Kuek Bak Chye Desmond will be the transport operator’s president and chief executive officer from Oct 1, 2012. Mr Kuek, 49, is
      496 words
    • Article
      Lock icon India tries to get economy buzzing again
      627 4  -  By NEETA LAL in New Delhi AFTER seeing its once-vi-brant economy slump and investors flee its markets, the government of India plans to make the country exciting for investors again. The new finance minister will also roll out measures to bolster the rupee,
      627 words
    • Article
      Lock icon Two-thirds of bosses plan to freeze hiring in H2: survey
      437 4  -  By CHUANG PECK MING [SINGAPORE] Employers have become more cautious in hiring in the second half of the year, with two in three planning to freeze recruitment altogether, according to a survey by local recruitment firm Achieve Group. For those
      437 words
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      Lock icon Page 3 Advertisements Column 1
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      398 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      153 4 r?'i Freehold Single Uhitffitorev, Factory,® D3 A -va ;*v?. k »< -V 'I, Built-In Area: 8,481 sq ft -With 8 Parking Lots SM-t $799^ E KA JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg Estate Agent Licence No L*****82K When
      153 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel Q1 earnings up 3.2%
      579 5  -  Results helped by exception gain from divestment By VICTORIA HO SINGTEL announced that its first quarter saw a 3.2 per cent increase in net profit to $945 million. CEO Chua Sock Koong said this gain was from the divestment of its non-strate-gic stake in Far
      579 words
    • Article, Illustration
      Lock icon Global Logistic Properties Q1 profit surges 57.2%
      523 5  -  By KENNETH LIM GLOBAL Logistic Properties blew past estimates, posting a 57.2 per cent jump in first-quarter earnings as domestic demand continued to fuel growth in China. Net profit attributable to shareholders rose to US$153 million, or about 3.15 US cents per share,
      523 words
    • Article
      Lock icon CityDev Q2 net dives 37.7% to $137.7m
      601 5  -  Group to launch two projects with total of 1,420 units By MINDY TAN CITY Developments’ net profits for the second quarter and the first half of this year took a hit in the absence of substantial divestment gains that it enjoyed in the
      601 words
    • Article
      Lock icon Hong Leong’s Q2 profit tumbles 73% to $4.98m
      364 8  -  Group attributes its weaker performance to slowdown in China By TEO SI JIA HONG Leong Asia’s net profit from continuing operations for the second quarter ended June 30 dived 73 per cent to $4.98 million from a restated $18.50 million a year
      364 words
    • Article, Illustration
      Lock icon Hour Glass Q1 earnings climb 8%
      388 8  -  By FELDA CHAY LUXURY watch retailer The Hour Glass saw first-quar-ter net profit jump 8 per cent from a year ago to $9.3 million on the back of better margins, which helped to negate a drop in revenue. Earnings per share for the period
      388 words
    • Article
      Lock icon CapitaCommercial Trust in bond repurchase and new bond issue
      294 8  -  By ANGELA TENG CAPITACOMMERCIAL Trust (CCT) has launched a tender offer for the repurchase of up to $146.75 million in outstanding convertible bonds due on 2013. In a separate announcement yesterday, CCT said it has priced the proposed issue of $175
      294 words
    • Article
      Lock icon STX dishes out special 13¢ dividend with higher profit
      539 8  -  Norwegian yard posts 2.6% rise in net to 279m krone By LYNN KAN STX OSV declared a fatter special interim dividend of 13 cents a share on the back of slightly higher Q2 net profit of 279 million krone (S$58.7 million),
      539 words
    • Article
      Lock icon LMA Int’l Q2 net down 41%, unveils disposal of assets
      367 8  -  By ANGELA TENG LMA International NV yesterday said that its net profit for the second quarter ended June 30, 2012 fell 68 per cent to US$3.4 million from US$10.4 million a year ago. The previous corresponding period included a receipt
      367 words
    • Article
      Lock icon Yoma in Myanmar JV with Parkson
      252 8  -  By JASMINE NG YOMA Strategic Holdings yesterday entered into a memorandum of agreement with Parkson Retail Asia (PRA) to break into the Myanmar retail market with a US$3 million joint venture (JV). The news came along with Yoma’s financial results which showed that net
      252 words
    • COMPANY BRIEFS
      • Article
        Lock icon KS Energy posts a profit in Q2
        53 8 KS ENERGY turned in a profit of $692,000 in the fiscal Q2 ended June 30 with a 23.4 per cent rise in turnover to $151.57 million. A year ago, the group sunk into the red with losses of $5.47 million on a turnover
        53 words
      • Article
        Lock icon Pacific Healthcare trims net loss
        55 8 PACIFIC Healthcare Holdings said it has reduced its net loss for the fiscal Q2 ended June 30 to $2.64 million, compared with a loss of $3.50 million in the year-ago quarter. Revenue fell 20 per cent to $14.66 million due to attrition of doctors and
        55 words
      • Article
        Lock icon Ho Bee's Q2 profit rises 44.6%
        51 8 PROPERTY developer Ho Bee Group reported that its net attributable profit for Q2 ended June 30 rose 44.6 per cent year on year to $72.90 million. Group turnover for the period inched 6.7 per cent higher to $147.05 million from the same period last
        51 words
      • Article
        Lock icon Pteris Global sinks into the red in Q2
        43 8 PTERIS Global announced a loss of $12.79 million for its Q2 ended June 30, from a profit of $269,000 previously. Revenue for the quarter tumbled 60 per cent to $14.52 million from $36.47 million previously.
        43 words
      • Article
        Lock icon Delong's net profit almost doubles in Q2
        51 8 DELONG Holdings announced a 99.3 per cent jump in its Q2 net profit to 166.2 million yuan ($32.6 million), from 83.4 million yuan in the corresponding quarter last year. Delong also reported 22.1 per cent year-on-year revenue growth in Q2 to 4.0 billion
        51 words
    • Article
      Lock icon China Gaoxian narrows losses to 11.2m yuan
      317 8  -  By CARINE LEE CHINA Gaoxian Fibre Fabric Holdings narrowed its losses in the fiscal second quarter ended June 30, 2012 to 11.20 million yuan (S$2.2 million), despite a lower turnover of 132.8 million yuan. A year ago, the group reported revenue of 225.93
      317 words
    • Article
      Lock icon 6-month and Q2 results ended June 2012
      3945 9 6 months ended June 2012 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) 3 months ended June 2012 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS CHNG CHNG (S$m) (S$m) 1 DBS Grp 1743.0 1542.0 13.0 4101.0 3747.0 9.4 810.0 735.0
      3,945 words
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      Lock icon Page 5 Advertisements Column 1
      243 5 Dine Hospitality Highli 1 1 7 World's First j>nKC MOONCAKES 2R0VI0 Angry Birds'" 0 2009-2012 Rovio Entertainment ltd. Marvel at the art and sophistication of Fairmont Singapore's ensemble of divine mooncakes, and treat your senses to a sumptuous flight of fancy with the world's first limited edition Angry Birds Space
      243 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Eurozone, Japan signals boost STI
      529 6  -  Index closes at 3,087.84 for a 23.03-point gain; volumes, including F&N share transfer, double STOCKS VEN SREENIVASAN Senior Correspondent THE Singapore market’s benchmark index closed at its highest levels in over a year, boosted by positive signals from the eurozone and Japan, with volumes on
      Source: Bloomberg  -  529 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 5 0 0 0 9 2 5 Manufacturing 66 40 42 12 4 4 78 44 46 Commerce 29 8 26 6 3 3 35 11 29 Tpt/Stor/Comms 17 9 15
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,752 20,752 90,244 90,244 Manufacturing 660,142 25,051 685,193 4,082,104 802 4,082,906 Commerce 389,806 19,194 409,000 315,783 671 316,454 Tpt/Stor/Comms 149,191 27,364 176,555 247,101 8,605 255,706 Finance 48,045 2,041 50,086 170,851 854 171,705 Construction 100,265 6,738
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.695 +0.010 CapitaLand 3.020 +0.050 CapitaMall 1.955 -0.020 CityDev 11.830 -0.150 ComfortDelGro 1.680 +0.025 DBS Grp 14.980 +0.100 F&N 8.550 -0.040 GLP 2.340 -0.010 Genting SP 1.280 +0.035 Golden Agri 0.705 +0.005 HK Land 6.240 +0.060 JMH 54.080 +0.080 JSH 33.970
      114 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Aug 14 VALUE CLOSE BT OB/OS 124.00 +45.0 BT CADI -*****.00 +162.0 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 707.68 +7.04 FTSE ST Small Cap 463.03 +5.03 FTSE ST All Share 745.21 +5.98 FTSE ST China Top 205.92 +3.48 FTSE ST China 226.63 +3.11 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME F&N 318,439,000 Noble Grp 171,963,000 GSH Corp 103,168,000 Golden Agri 73,871,000 Genting SP 55,544,000 HLH Grp 39,637,000 Yoma 38,531,000 Yangzijiang 35,430,000 SingTel 33,390,000 Inno-Pac 32,271,000 VALUE($) F&N 2,826,006,050 Asia Pac Brew 1,017,576,070 Noble Grp 205,343,665 SingTel 111,864,880 Genting SP 70,285,700 UOB 67,800,410 DBS Grp 54,811,780 Wilmar
      58 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      943 6  -  Compiled by KENNETH LIM Noble Group Aug 14 close: $1.25 DBS VICKERS RESEARCH, Aug 14 NOBLE reported Q2 2012 core profit of US$144.9 million (+7 per cent q-o-q, +10 per cent y-o-y) excluding US$49.9 million gain on supply chain assets. This was above our US$89-107 million estimate. Energy
      Source: Bloomberg  -  943 words
    • Article, Illustration
      Lock icon Ringgit leads gains on stimulus optimism
      466 6 CURRENCIES Bloomberg [BANGKOK] Malaysia’s ringgit led gains among Asian currencies after international investors boosted holdings of the region’s assets amid speculation central banks in major economies will act to spur growth. Minutes released yesterday from a Bank of Japan (BOJ) meeting last month showed
      Bloomberg; BLOOMBERG FILE PHOTO  -  466 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP Jardine C&C 5000 55.0 1.1 DBXT S&P500 10US$ 2276 42.3 1.5 DBXT MSAsExJp 10US$ 3048 32.4 0.9 DBXT MSTHAI 10US$ 1859 29.9 1.3 UOB.ES.1208 2017 26.0 1.3 DBXT FTChina25 10US$ 2678 24.9 0.8 UOB 2018 20.0 1.0 DBXT MSASPAC 10US$ 331 19.9 5.1 UOB 5.05%NCPS
      110 words
    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -95.8 -0.5 DBXT S&P Short 10US$ 3606 -28.6 -0.6 YHS 210 -20.0 -8.7 CityDev 1183 -15.0 -1.3 DBXT CSI300 10US$ 728 -12.4 -1.4 STXPO 100 459 -11.0 -2.3 DBXT Nifty 10US$ 9836 -10.0 -0.1 Lyxor Cmdty 10US$ 281 -8.7 -2.4 DBXT MSJAP
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
    • Article
      Lock icon Wilmar’s Q2 net profit dives 70% to US$117.1m
      614 7  -  Losses in oilseeds, grains, sugar take toll; earnings far below expectations By ANDREA SOH WILMAR International Ltd recorded a 70 per cent fall in its second-quarter net profit, hit by losses in the oilseeds, grains and sugar businesses. The world’s largest listed
      614 words
    • Article, Illustration
      Lock icon ST Engg Q2 earnings up 9.7%
      375 7  -  By JASMINE NG ST ENGINEERING recorded a 9.7 per cent increase in its net profit for its fiscal second quarter to $143.15 million from $130.55 million a year earlier. Q2 revenue rose 5.8 per cent to $1.57 billion from $1.48 billion, while profit before
      FILE PHOTO  -  375 words
    • Article
      Lock icon Absence of disposal gain hits WBL
      342 7  -  By TEO SI JIA WBL Corporation’s earnings for the third quarter ended June 30 fell 54 per cent to $14.48 million from a restated $31.41 million a year earlier. This was mainly due to a land disposal gain of $27.2 million in the previous
      342 words
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      Lock icon Page 7 Advertisements Column 1
      681 7 Register by Sept 5 to save US$ 500 on courses from the most trusted name in information security training worldwide! SOS Singapore 2012 8-20 October 2012 www.sans.org/singapore-sos-2012 Event Location: Grand Copthorne Waterfront Hotel SEC401: SANS Security Essential Bootcamp Style (GSEC) 15-20 October Maximize your training time and turbo-charge your career
      681 words
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      Lock icon Page 7 Advertisements Column 2
      242 7 CLA/30MAR05/GAN SID LS Singapore Institute of Directors SID Directors Conference 2012 Corporate Governance In The New Normal The annual conference organised by the Singapore Institute of Directors (SID) 9.00 am to 5.00 pm, Wednesday, 12 September 2012 Marina Bay Sands Singapore ce Guest-of-Honour Mrs Josephine Teo Minister of State, Ministry
      242 words
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  • Page 8 Advertisements
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      571 8 WATii NOTICES FALMAC F) MAC LIMITED (Company Registration No. *****3718R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of Falmac Limited (the “Company”) will be held at 25 International Business Park, German Centre, Munich Room, Level 5 (East
      571 words
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  • SINGAPORE NEWS
    • Article
      Lock icon JTC putting out factory space designed for SMEs
      485 10  -  Small Footprint Standard Factories in Tanjong Kling to be launched in Sept By MINDY TAN AS part of a slew of measures to ensure that small and medium-sized enterprises (SMEs) have a steady stream of industrial space, JTC will be launching its
      485 words
    • Article, Illustration
      Lock icon NHG hiring nurses with higher qualifications
      603 10  -  Job security among factors attracting more to the career By MALMINDERJIT SINGH PATIENTS, their families and friends visiting National Healthcare Group (NHG) hospitals can rest assured that the nurses they meet there are either more experienced or more qualified than before. The demand for
      FILE PHOTO  -  603 words
    • Article
      Lock icon SPH launches revamped property site STProperty
      268 10  -  By KENNETH FOO SINGAPORE Press Holdings (SPH) has revamped its online property portal, equipping it with new features to better serve the needs of property seekers and realtors. Previously known as ST701 Property, the new brand STProperty will provide insights on market trends and
      268 words
    • Article, Illustration
      Lock icon URA to launch Yishun industrial site for tender
      383 10  -  By ZEINAB SAIWALLA YUSUF AN industrial site in Yishun will be launched for tender by the Urban Redevelopment Authority (URA) in about two weeks’ time. URA said yesterday that it had accepted an application from a developer to put the site up
      383 words
    • Article
      Lock icon CapitaLand confirms shift to Jurong Gateway in 2015
      365 10  -  By ZEINAB YUSUF SAIWALLA CAPITALAND Group employees will be relocating progressively from their current dispersed locations around the city to Westgate Tower in Jurong Gateway from early 2015. This confirms an earlier report in The Business Times, published in June, that said
      365 words
    • Article, Illustration
      Lock icon GCB belonging to late NKF founder up for sale
      324 10  -  By MICHELLE TAN A GOOD Class Bungalow (GCB) along Olive Road (in District 11) has been put up for sale by the estate of the late Dr Khoo Oon Teik, founder of the National Kidney Foundation (NKF). With an asking price
      324 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Genting to sell power unit to state firm for RM2.3b
      353 11 One-off RM1.9b gain expected, but power division will contribute less Reuters [KUALA LUMPUR] Malaysian state development firm 1Malaysia Development Bhd (1MDB) has agreed to buy conglomerate Genting Bhd’s power and utility unit for RM2.3 billion (S$920 million) in cash, Genting
      Reuters  -  353 words
    • Article, Illustration
      Lock icon PLN eyes up to US$1b investment in coal mines
      625 11 Reuters [JAKARTA] Indonesia’s state electricity utility Perusahaan Listrik Negara (PLN) expects its coal needs to double within seven years and may invest up to US$1 billion to buy stakes in local miners to ensure access to supplies. Greater use of domestic
      Reuters; BLOOMBERG  -  625 words
    • Article
      Lock icon Malaysians protest new Internet law
      356 11 Activists have called it an attempt to clamp down on the Internet AFP [KUALA LUMPUR] Malaysian NGOs, well-known bloggers, and opposition politicians yesterday staged a oneday “Internet blackout” to protest a legal amendment that they say threatens free expression on the Web. Participants replaced their
      AFP  -  356 words
    • Article
      Lock icon MMC hires four banks for US$1b Malakoff IPO
      336 11 At least one other bank is likely to act as bookrunner Reuters [KUALA LUMPUR] Malaysian builder MMC Corp Bhd has hired four joint global coordinators for a US$1 billion initial public offering (IPO) of its 51 per cent owned power unit, Malakoff
      Reuters  -  336 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
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      93 words
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      Lock icon Page 11 Advertisements Column 2
      121 11 SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 NOTICE TO CREDITORS AND CONTRIBUTORIES OF INTENTION TO APPLY FOR RELEASE GARAMONT AGENCIES PTE LTD COMPANY NO. *****5634C COMPANIES WINDING UP NO. 90 OF 1995 Take notice that I, the undersigned Liquidator of the abovenamed Company, intend to apply to the
      121 words
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      Lock icon Page 11 Advertisements Column 3
      962 11 ROWSLEY LTD. (CO. REG. NO. *****8381D) (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF ROWSLEY LTD. (THE “COMPANY”) THIS NOTICE IS AN IMPORTANT NOTICE WHICH REQUIRES YOUR IMMEDIATE ATTENTION If you are
      962 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India: Glimmer of hope amid negative outlook
      856 12  -  FDI declines by over 65% in Q2 as the country marks 65th Independence Day COMMENTARY By MALMINDERJIT SINGH 65 A NUMBER t h a t evokes two contrasting emotions in India this week as it paints two sides of a rupee. On the
      REUTERS  -  856 words
    • Article
      Lock icon BSE plans IPO as competition hots up
      248 12 Bloomberg [MUMBAI] BSE, Asia’s oldest stock exchange, plans to sell shares in an initial public offering (IPO) in the next eight months as competition intensifies with a third Indian bourse planning to start operations. The bourse, formerly known as the Bombay Stock Exchange
      Bloomberg  -  248 words
    • Article
      Lock icon China bid for Mongolia miner seen fizzling
      451 12 SouthGobi expects suitor Chalco to drop takeover offer Reuters [HONG KONG] SouthGobi Resources Ltd expects China’s state-controlled Chalco to drop its US$926 million takeover offer for the Mongolia-focused coal mining company in the face of Mongolian opposition. The proposed deal has the backing
      Reuters  -  451 words
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      25 12 Why Subscribe To SPH Directly? uih ok a*J( urn c^vjoijJ. SAME SERVICE BE REWARDED NO SURPRISES WORRY-FREE To subscribe, call: 6388-3838 or visit www.STsubscribe.com S|5l
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  • ECONOMY WATCH
    • Article
      Lock icon Financial repression seen costing investors US$163b
      449 13 Govt bond yields fall 81 bps in 2 yrs amid issuance of US$1.74t debt: Deutsche Bank Bloomberg [NEW YORK] Global central bank policy that has driven down interest rates to boost economic growth will cost investors about US$163 billion over a 10-year period, according
      Bloomberg  -  449 words
    • Article, Illustration
      Lock icon Severe drought seen driving up US food prices next year
      510 13 Reuters [WASHINGTON] Americans will face higher food prices at the supermarket next year because of the worst drought in half a century, but the impact on overall inflation will be modest, the Kansas City Federal Reserve Bank said in a
      Reuters; AFP  -  510 words
    • Article
      Lock icon Sponsors kept 21 funds afloat during crisis: Fed
      471 13 The funds received support worth over 0.5% of their assets Reuters [BOSTON] Sponsor support likely kept at least 21 money market funds from “breaking the buck” during the financial crisis, the Federal Reserve Bank of Boston found in a study issued on
      Reuters  -  471 words
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      841 13 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
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      45 13 GCB at Caldecott Hill Estate Land area 23,423 sq ft, FH Ideal for redevelopment Views of city, IR greenery Elevated ground, regular site Expression of Interest Closing: 18 Sept 2012 (Tue), 3pm. Agency Licence No.L*****36J Mary Sai 9388 7879 (R*****8I) Chia Mein Mein *****522 (R*****6B)
      45 words
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  • WORLD
    • Article, Illustration
      Lock icon Chinese firms pulling out of US bourses
      914 14 Move comes amid talk of accounting issues and spat over audit oversight AP [BEIJING] Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of US exchanges. This week,
      AP  -  914 words
    • Article
      Lock icon Deloitte chief defends StanChart reviews
      735 14 Banking regulator’s charges distortions of the facts, he says Reuters [NEW YORK] Deloitte LLP chief executive Joe Echevarria has fought back against allegations that his firm helped Standard Chartered (StanChart) hide transactions with Iran, saying charges by the top New York state banking regulator were
      Reuters  -  735 words
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      Lock icon Immigrant-owned US firms inject over US$775b
      480 14 The businesses also generate US$125b in payroll: report Bloomberg [NEW YORK] Immi-grant-owned businesses employ one in 10 US workers in private companies and inject more than US$775 billion of revenue into the US economy, according to the Partnership for a New American Economy. The
      Bloomberg; AFP  -  480 words
    • Article
      Lock icon El Nino developing in eastern Pacific, warns Australia
      556 14 Reuters [SYDNEY] Australia’s weather bureau said yesterday there were clear signs El Nino was developing in the eastern Pacific, raising concerns over the potential impact of the weather event on agriculture at a time of soaring global food prices. El Nino is
      Reuters  -  556 words
    • Article
      Lock icon BOJ busts own limit on govt bond holdings
      617 15 Breach is based on inclusion of bonds under asset-buying programme Reuters [TOKYO] The Bank of Japan’s (BOJ) holdings of government bonds exceeded its self-imposed cap when bonds taken up under its asset-buying programme are included, a sign that its ultra-easy monetary policy
      Reuters  -  617 words
    • Article, Illustration
      Lock icon Newswoman to moderate presidential debate in US
      191 15 Reuters [WASHINGTON] CNN’s Candy Crowley will become the first woman in 20 years to moderate a US presidential debate when she questions US President Barack Obama and his Republican rival Mitt Romney in October. The cable network’s chief political correspondent is set to
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      Lock icon Americans stashing away savings from home loan refinance
      900 15 So gains won’t have immediate impact on growth: analysts Bloomberg [WASHINGTON] Americans’ drive to rebuild savings and pay down debt may mean the gains from the current mini-boom in mortgage refinancing will accrue over years rather than have a more immediate effect
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    • Article
      Lock icon Peregrine founder indicted in US
      553 15 Reuters [SAN FRANCISCO] Peregrine Financial Group founder and chief executive Russell Wasendorf Sr was indicted on charges of lying to regulators, a little over a month after he botched a suicide attempt and confessed to bilking customers of his brokerage for years. Wasendorf, 64, “overstated
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      Lock icon Libor scam: UK bankers’ body may lose rate-oversight job
      602 15 Bloomberg [LONDON] When Anthony Browne accepted the job of chief executive officer of the British Bankers’ Association (BBA) in June, it had responsibility for the world’s most important benchmark interest rate. Following the Liborrigging scandal, it is likely to be little
      Bloomberg; AFP  -  602 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Buying into sustainable growth
      470 16 EDITORIAL TIME was when businesses paid little heed to the social and environmental implications of their commercial activities, and terms like “going green”, “environmentally friendly” and “for people and the planet” were little more than lip service. That may be changing, going by the burgeoning number
      470 words
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      Lock icon Sino-US rivalry puts Africa in sweet spot
      783 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AFRICA has become a major theatre in the global rivalry between China and the United States. This was evident during Secretary of State Hillary
      783 words
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      Lock icon US experience not applicable to eurobonds
      1010 16  -  Why America’s Revolutionary War state debts don’t serve as a useful analogy DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate THE emerging consensus in Europe nowadays is that only “debt mutualisation” in the form of eurobonds can
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    • Article, Illustration
      Lock icon Director’s dilemma in a subsidiary
      1533 17  -  Fraud, corruption, misconduct and other lapses are often problems in a group’s entities not in the parent company By CHRISTOPHER BENNETT MAK YUEN TEEN Christopher Bennett is the founder of BP A Australasia and has held senior positions in two international consulting firms and in
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      Lock icon Doors widened to China’s capital markets
      846 17  -  Higher investment limit a big opportunity to foreign institutional investors By STEVE LEE The writer is chief executive officer of HSBC Jintrust Fund Management (China) THE announcement in April this year that the China Securities Regulatory Commission is expanding quotas for foreign investment sent
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    • Article
      Lock icon SGX should investigate what’s going on at Treasury China Trust
      581 17  -  LETTER TO THE EDITOR Mano Sabnani RECENT developments at SGX-listed business trust Treasury China Trust (TCT) raise several questions which are as yet unanswered. A few months ago, TCT disclosed publicly that its trustee-manager, Treasury Holdings Real Estate Pte Ltd
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      84 18 s th Av 1 e r n 9 o o n o r e i South Buona Vista Rd T Coa East V •W! e s n o r u F WITH MORE THAN 84,000 PROPERTIES FROM NORTH TO SOUTH AND EAST TO WEST. YOU’LL BE SPOILT FOR CHOICE. A
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  • BANKING & FINANCE 2012
    • Article, Illustration
      Lock icon Believing in Asia’s economic prospects
      1629 19  -  Underlying structural drivers of growth in region remain robust despite short-term headwinds, bank chiefs tell CONRAD TAN CONRAD TAN AS the world’s advanced economies once again flirt with recession, many elsewhere are wondering if they, too, are on the brink of another wrenching global economic
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      Lock icon Long-term growth from past lessons
      1369 20  -  UOB CEO Wee Ee Cheong believes in going for opportunities that offer the best sustainable, risk-adjusted returns, reportsCONRAD TAN reportsCONRAD reportsCONRAD TAN WEE Ee Cheong, deputy chairman and chief executive of United Overseas Bank (UOB), has a straightforward approach to the European debt crisis that
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      Lock icon A regional bank spanning Asia
      1401 23  -  DBS Group CEO Piyush Gupta tellsCONRAD TANthat the bank is reaping payoffs from bets on the region’s most promising new markets CONRAD TAN FACED with stubbornly low interest rates and a worsening economic outlook, DBS Group has nevertheless managed to find new ways to improve
      YEN MENG JIIN  -  1,401 words
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      Lock icon Focused on relationships
      1412 24  -  OCBC Bank chief executive Samuel Tsien tellsCONRAD TANthat building a business is more than just putting in capital investment CONRAD TAN SAMUEL Tsien, OCBC Bank’s new chief executive, believes that his main task at the helm is to make sure that the bank stays on the right
      YEN MENG JIIN  -  1,412 words
    • Article, Illustration
      Lock icon Navigating volatile markets
      1256 25  -  Strategists advise holding a well diversified portfolio across different asset classes, reportsCONRAD TAN reportsCONRAD CONRAD TAN WITH an increasingly uncertain economic outlook and signs that the troubles in the West are starting to hurt Asia’s growth, banks, top wealth managers and investment strategists here are offering clients
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      97 19 IG MARKETS Protect your Stop, make it guaranteed. GUARANTEED STOP Take control of your risk when trading CFDs on forex, shares, indices and commodities, for a small premium. From as little as 0.1 point on indices or 0.8 pips on FX, Guaranteed Stops ensure no slippage if the market gaps.
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      183 20 Until Dr. Charles Kao had transformed the way we communicate, he would not rest. Neither would the team behind him. 'Jm V Jrf w V What can a client advisor learn about communication from the team who pioneered fibre optics? It's unlikely you ever think of them, even when you
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      525 21 -k. >iV*i,'AavV,|fr ft 1 I Hi t* T I r.* s 1 WW' I I HI a THE FASTEST WAY TO EARN MILES, WITH NO MINIMUM SPEND. PLATINUM |UOB P RV I MILES 0726 3ib3 11 b888 ***** wm Halid Thru 05/11 JAMES LEE I Get miles ahead with the
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      100 22 Y#ur bank opens doors in 28 markets across Asia Pacific. ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who share your regional interests and who take the time to fully understand your needs. They have the experience and the
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      108 23 UOB UOB your partner in Asia and beyond UOB is well-placed to be part of your Asian growth strategy. Rated among the world’s top banks, we have more than 77 years of knowledge and experience across more than 500 offices in 19 countries and territories. You can trust our dedicated
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      366 24 S? IS YOUR financial future SECURE? SIAS 1st Singapore Investment/ree 2012 investing for a Secure future 25 th -31 st Aug 2012 Do you know that inflation is wiping out your bank interest? You have to invest to grow your money. Do you know how? Join us at the 1st
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      1317 25 MB I 7 J s^tHH > f H E’S >.-. Mu S3i Jf. --V '>/' •*'<!»;. ii-ViVK > VHi Vi* J/ il&T Rft mm ill ■wr V' i 3! i f V* S3f2« > > f A rewarding relationship :sn can take you places With HSBC Premier, your journey starts
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  • Transport HUB
    • Article, Illustration
      Lock icon New laws on seamen’s rights by end-2013
      591 26  -  MPA working with parties to comply with Maritime Labour Convention By LYNN KAN SINGAPORE still the only Asian signatory to the Maritime Labour Convention 2006 that ensures the rights of 1.2 million seafarers will be introducing new legislation in time for when the
      591 words
    • Article, Illustration
      Lock icon Good business in troubled times
      845 26  -  Insurance providers are busy, as are those that aim to provide solutions STRAIT TALK By DAVID HUGHES JUST as they say it is an ill wind that blows nobody any good, so it is that even in these difficult times for shipping, some have seen
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    • Article
      Lock icon OSX and Mendes Junior win US$900m Petrobras order
      504 26 Reuters [RIO DE JANEIRO] Shipbuilder OSX Brasil SA and construction group Mendes Junior won a contract worth more than US$900 million from Brazil’s state-led oil company Petrobras to install the oil processing equipment on two oil production ships, OSX said on Monday.
      Reuters  -  504 words
    • Article
      Lock icon India’s insurance cover gets Iran oil flowing again
      571 26 AP [MUMBAI] India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions that have nearly halved Iranian oil exports to key markets. The first Indian ship to carry oil from Iran with Indian
      AP  -  571 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 26 SGX '000 Aug 14 S$ +/-Vol CH Offshore 0.43 unch 351 Chuan Hup Hldg 0.24 unch 101 Cosco Corp 1.02 0.03 ***** s$ Ezra Hldgs 1.06 0.06 ***** First Ship Lea 0.15 unch 260 Freight Links 0.07 unch 4169 Grand Banks 0.24 0.01 112 Jaya Hold Ltd 0.54
      255 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon US spending cuts seen hurting air traffic
        861 27 Industry report paints grim picture of job losses, fall in traffic, long delays Bloomberg [WASHINGTON] Automatic US government spending cuts scheduled to take effect next year could reduce airline traffic by as much as 10 per cent or impose crippling delays for decades,
        Bloomberg; BLOOMBERG FILE PHOTO  -  861 words
      • Article
        Lock icon Mitsubishi UFJ unit near deal for Jackson Square
        421 27 Bloomberg [NEW YORK] Mitsubishi UFJ Lease Finance Co is nearing a deal to buy Oaktree Capital Group LLC’s Jackson Square Aviation aircraft-leasing company for more than US$1 billion, said three people with knowledge of the matter. A deal may be struck within
        Bloomberg  -  421 words
      • Article, Illustration
        Lock icon Malaysia Airlines in the red for 6th straight quarter
        370 27 But RM348.7m Q2 loss is down from previous RM525.8m AFP [KUALA LUMPUR] Malaysia Airlines yesterday reported its sixth straight quarterly loss on forex losses and declining revenue, but said recent cost-cutting steps were showing signs of paying off. The struggling national
        AFP; REUTERS  -  370 words
      • Article
        Lock icon JFK Airport security breached by man who swam ashore
        632 27 AP [NEW YORK] Security experts were shocked on Monday by the case of a man who swam ashore, scaled a fence and walked dripping wet into Kennedy Airport despite a US$100 million system of surveillance cameras and motion detectors. The Port
        AP  -  632 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Supply swings in COEs caused by scrap pattern
        402 28  -  Actual de-registered figures now used instead of forecasts to set quota By SAMUEL EE FLUCTUATIONS in the COE quota supply are caused by uneven vehicle de-registra-tion patterns. Transport Minister Lui Tuck Yew said this in a written reply to Nominated MP Laurence
        402 words
      • Article, Illustration
        Lock icon Luxury cars do poorly in new crash test
        473 28 Mercedes C-Class, Lexus IS, Audi A4 among laggards Bloomberg [WASHINGTON] Most midsized luxury cars scored “marginal” or “poor” in an insurance industry group’s new frontal-crash test that differs from the US government’s tests and simulates a particularly deadly type of accident. Of
        Bloomberg; BLOOMBERG FILE PHOTO  -  473 words
      • Article
        Lock icon China lifts fortunes of car carrier Wilhelmsen
        524 28 Bloomberg [LONDON] Record car shipments to China and a rebound in cargoes from Japanese automotive companies recovering from last year’s tsunami will mean the most profit ever for Wilh. Wilhelmsen ASA, the world’s largest vehicle transporter. European sales to China rose 42 per
        Bloomberg  -  524 words
      • Article
        Lock icon Bailout of US car industry to cost US$3.3b more
        264 28 AFP [WASHINGTON] The US Treasury raised its estimate of the net cost to taxpayers of rescuing the country’s motor vehicle industry by US$3.3 billion, as the weak economy restrains the industry’s rebound. The Treasury told Congress in a new report seen
        AFP  -  264 words
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      76 26 SE HEMPASIL X3 Multiple awardwinning fuel-saving technology Guaranteed to save ship-owners money on fuel, HEMPASIL X3 is the world’s most advanced fouling release system. It uses HEMPEL's unique hydrogel technology for unparalleled antifouling capability. Recognised as a major fuel-saving breakthrough for the maritime industry, HEMPASIL X3 is the proud winner
      76 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      349 27 CRYPTIC CROSSWORD Across 6 Can Syrian lads rebuild an autonomous community? (6,7) 8 University anger about politician as decision-maker (6) 9 View about pictures put back to front? Not funny! (8) 10 Service affected by interruption (3) 11 Seasoned food? I am unfortunately churning over (6) 12 Ghastly adult tie?
      349 words
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      161 28 The Business Times &ION Orchard Present THE SPIRIT 'SAKE -V V 4 Tuesday, 28 August 2012 (7pm 9.30pm) MAGOSABUROU at ION Orchard, #04-11A $45* nett per person inclusive of Sake Tasting Japanese Food *Usual price $120 Register by 22 August midnight at http:pbp.sph.com.sg/btsake Sake Educator Mr Janson Chua m RT.
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      Lock icon Page 28 Advertisements Column 2
      252 28 Cash Out om Crisis Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently for 5 decades.
      252 words
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      29 28 THE STRAITS TIMES SUBSCRIPTION PLEASURES Subscribe Now And Get This Or Other 0T0 Gifts! OTO e-Twirl Foot Massager u.p. $268 Find out more at www.STsubscribe.com or call 6388 3838
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      29 29 Circle of Excellence In Offshore Marine Industry, COEOM is a special supplement of O Project Secretariat ASIA MEDIA GROUP SINGAPORE ©Copyrights of Asia Media Group and Asia Business Journal.
      29 words
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      503 30 CIRCLE OF EXCELLENCE IN OFFSHORE MARINE INDUSTRY I make a point to be humble in my dealings with everyone I work with, which includes my staff, my suppliers, and my clients. J Mr Benny Tan, Managing Director, Global Marine Industry Pte Ltd i 1.1 36 Toh Guan Road East #01-48
      503 words
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      724 31 CIRCLE OF EXCELLENCE IN OFFSHORE MARINE INDUSTRY I' w LFA N J Failures and disappointments are common. Try to take in positive lessons learned from failures and disappointments and learn to adapt or try to stay ahead of your competitors. Mr James Low Mr Roland Khoo, Directors, LFA Global Pte
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      546 32 CIRCLE OF EXCELLENCE IN OFFSHORE MARINE INDUSTRY Hardwork good staff path my success ESTABLISHED in 2003 by Mr Clement Tan and his partners, Seaquest Enterprise Pte Ltd is known for the repair, accommodation and conversion of marine vessels and the supply of marine accommodation materials such as marine soft core
      546 words
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  • Article
    Lock icon The Business Times Shipping times
    3407 34 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 STXPO
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      59 34 Experienced 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
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      92 35 TO ADVERTISE IN .the business Times MIL UUJINLJJ IIIVILJ Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? im Celebrat Your Project Completion Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3001 36 Transaction date: Aug 14 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 98 51 ABR Hldgs 93cd +2 943 98 92 92.5 93.5 3.1 2.2 14.9 186.8 Last
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    • Article
      Lock icon SGX CATALIST
      193 37 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 Sale Vol (*000) Day High Last Quote Low Buyer Seller Div Gr Yld Net M Cap Cvr P/E Smil 20.5 12.1
      193 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8049 37 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** 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 0.9609/ Global Emerging Markets!” 1.8037/ Global
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    • Article
      Lock icon GLOBALQUOTE
      206 37 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 28.5 AVJennings A31 +1.5 15 31 31 31 39.5 3.6 11.3 2.5 80.7 41.5 25.5 Genting HK US$ US33.5 +0.5 4449 34 33 33.5 34 2205.8
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    • Article
      Lock icon SGX ETF
      947 37 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 120.2 +0.2 6 120.2 120.2 120.1 122 548.7 126.8 122.2 CIMB APAC Div 100S$D 126.8 126.8 127.7 103 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      638 38 Aug 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8913.70 8970.99 8897.87 Sep12 8885.00 8965.00 8870.00 8945.00 ***** *****5 Dec12 8875.00 8900.00 8845.00 8880.00 218 9967 MSCI TAIWAN INDEX FUTURES SPOT 264.07 266.72 264.07 Aug12 263.60 266.90 262.80 265.40 ***** *****4 Sep12 263.30
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 38 In local curr In S$ In US$ dy yr dy yr dy yr Aug 13 Index Change Change Change Change Change Change World Preliminary 898.0 -0.3 8.2 -0.3 3.5 -0.3 7.7 EAFE Preliminary 721.1 -0.2 5.7 -0.1 0.1 -0.1 4.2 Europe Preliminary 1092.0 -0.3 6.4
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      122 38 As on 13 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 541.15 537.50 541.90 371 INDIA GOLD (E-GOLD) FUT DEC2012 553.75 539.40 548.40 100 CURRENCY EUR-USD FUT SEP2012 1.2377 1.2278 1.2341 2014 BASE METAL COPPER FUT SEP2012
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    • Article
      Lock icon CHICAGO BOT
      107 38 Aug 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1656.25 1709.50 1713.75 1663.00 Sep 12 1622.25 1673.25 1679.50 1620.00 Nov 12 1600.75 1643.75 1652.00 1597.00 Jan 13 1595.75 1635.50 1643.75 1593.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 52.95
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 38 CRUDE OIL PRODUCTS Aug 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.94 0.88 WTI (Near Mth) 92.78 -0.36 Dubai (1-Mth F) 108.86 1.47 Tapis blend 117.19 1.86 Minas 118.04 1.86 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.11 0.44 Jet Kerosene 129.24 -0.01 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 38 Aug 14 S$ Bid Offer 1-month 1.2441 1.2449 2-months 1.2441 1.2449 3-months 1.2440 1.2448 6-months 1.2431 1.2439 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      63 38 Aug 13 Aug Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1816.00 1841.25 3 months 1857.00 1881.00 Copper, Grade A(US$/tonne) Cash 7382.25 7483.75 3 months 7395.00 7490.00 Lead(US$/tonne) Cash 1851.75 1889.00 3 months 1857.00 1892.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.*****00.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.*****75.00
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    • Article
      Lock icon LIFFE
      80 38 Aug 13 COCOA (£/tonne) Close Prev High/Low Sep 12 1623 1650 1672/1614 Dec 12 1624 1650 1675/1615 Mar 13 1601 1628 1650/1595 May 13 1600 1630 1648/1595 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2130 2167 2174/2119 Nov 12 2142 2168 2179/2131 Jan 13 2130 2149 2159/2122 Mar 13 2122
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      872 38 BONDS, WARRANTS EXTENDED SETTLEMENT fr»». tnAnr 111 Cflil tit* UJI Vi k* LomjiAny Uii uie r««l nu rtM u IAN V»MMi Jl X.. U< It It il 1 4 I 4 If Avt •fl'fAlH 1 /J4 ii* A*t-*Ui Lin WIV112! «*-l 1 > im S»dO J v o.f WJ ,T
      872 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 38 Aug 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.045 6.702 0.851 8.174 58.610 99.922 0.828 11.887 3.284 1.299 99.579 44.184 1.311 8.546 1.022 31.564 33.119 0.671 1.054 Canada 0.957 6.413
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    • Article
      Lock icon SIBOR
      62 38 Aug 14 (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
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    • Article
      Lock icon PRECIOUS METALS
      134 38 Aug 14 GOLD(US$/oz) Aug 14 Aug 13 Hong Kong 1620.00 1629.00 Aug 13 Aug 13 Aug 10 London 1616.30 1620.94 1617.30 1622.16 Source: Thomson Reuters CAST BAR Aug 14 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 155 65 5gm 441 323 10gm 787
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 38 Aug 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15-Nov-12 0.24 0.20 0.18 6-Month BS*****S 07-Feb-13 0.25 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.05 5-Year N*****0Z 2.375
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      Lock icon PALM OIL
      57 38 Aug 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2787.0 2817.0 2787.0 2787.0 16 1089 Sep 12 2797.0 2830.0 2815.0 2776.0 1199 ***** Oct 12 2855.0 2871.0 2860.0 2820.0 ***** ***** Nov 12 2880.0 2900.0
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      154 38 Aug 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3107 1.3121 1.0535 1.0540 Canadian dollar 1.2544 1.2553 1.0084 1.0083 Euro 1.5398 1.5413 1.2377 1.2381 NZ dollar 1.0088 1.0102 0.8109 0.8115 Sterling pound 1.9539 1.9560 1.5705 1.5712
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      122 38 As at 9am Aug 14 Aug Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.340 1.277 Can dollar 1.285 1.224 Euro 1.571 1.497 Sterling pound 1.990 1.914 NZ dollar 1.037 0.988 US dollar 1.264 1.216 Local dollars to 100 units of
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      154 38 Aug 14 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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
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      1407 42 Vanguard founder John Bogle continues to preach the gospel of long-term, low-cost investing NYT [NEW YORK] VANGUARD, the penny-pinching mutual fund company founded by John Bogle, has become a colossus. Its index funds once derided for not even trying to beat the market are
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        1310 40 With the market expecting more quantitative easing soon, the silver hoard is near record levels as hedge funds wait and see Bloomberg [LONDON] AT A TIME when hedge funds are the least bullish on silver in almost four years, investors’ holdings are near a record,
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        858 41 Putting aside their familiar risk-on, risk-off mode, they’re more selective in purchases NYT [NEW YORK] AT first blush, it may look as if US stocks are following a similar pattern to that of the last two years: The market sinks in the spring,
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