The Business Times, 22 August 2012
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2012-08-22
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The Business Times
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Title Section25 2012-08-22 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 22, 201225 words
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Article, Illustration926 2012-08-22 1 LYNN KAN - SembMarine rewrites record with $8.4b offshore contracts, Keppel nears $10b orders mark of 2011 By LYNN KAN [SINGAPORE] Sembcorp Marine and Keppel Corporation the world’s two largest drilling-rig builders are having a record-bust-ing year. The two Singapore yards, which build high-specificationSources: CIMB, Company reports - 926 words
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MARKETS DIGEST
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Article65 2012-08-22 1 GST INDEX 3,065.77 (+3.66) GST INDEX FUTURES 3,062.00 (+3.00) GSIMSCI 351.94 (+0.46) GSIMSCI FUTURES 351.60 (+0.10) us$ s$ US$ (S$ per US$) 1.250 (US$/S$ per 1.575 1.969 EURO (US$/S$/€) 1.241 1.551 Foreign currency per US$ S$ YEN 79.40 63.50 RM 3.133 2.506 HK$ 7.757 6.204 BAHT 31.48 25.18 RUPIAH65 words
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Article48 2012-08-22 1 Tuesday Change KL COMP 1,649.79 -0.30 NIKKEI 225 9,156.92 -14.24 HANG SENG 20,100.00 -4.18 SET INDEX 1,232.29 +3.29 JAKARTA COMP 4,160.51 +18.52 MANILA COMP 5,206.81 -12.70 SEOUL COMP 1,943.22 -3.09 SHENZHEN B 589.61 +9.17 MUMBAI IND 17,885.20 +194.18 12noon EDT Change DOW 13,279.38 +7.74 NASDAQ 3,083.03 +6.8248 words
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Article17 2012-08-22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.432 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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650 2012-08-22 1 EMILYN YAP - By EMILYN YAP [SINGAPORE] Asia Pacific Breweries (APB) shares surged to a record $53 yesterday matching Heineken’s offer price for the maker of Tiger beer as analysts banked on the acquisition going through. The counter was up 4.8 per cent or $2.43 from650 words
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Page 1 Advertisements
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Advertisement94 2012-08-22 1 WALL ST No Dimon, no leader PAGE 13 MARINE SECTOR Workers’ pay under review: minister PAGE 9 EXECUTIVE MONEY IAMs geared for growth PAGE 30 THE BUSINESS OF TIME Don’t miss BT’s 2012 watch supplement 56 pages of the latest in luxury timepieces. Feast your eyes with tips on what94 words
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Advertisement11 2012-08-22 1 STRAIT TALK Labour convention a breakthrough for seafarers’ welfare page 2011 words
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TOP STORIES
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Article, Illustration557 2012-08-22 2 LEE U-WEN - PM Lee’s address to focus on his vision of the future S’pore By LEE U-WEN [SINGAPORE] In a break from tradition, three ministers will speak at the annual National Day Rally this Sunday before the Prime Minister takes the stage. EducationFILE PHOTOS - 557 words
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646 2012-08-22 2 FELDA CHAY - Long-term debts of more than 90 days after due date touch two-year high By FELDA CHAY [SINGAPORE] Companies are taking so long to pay off their debts to small and me-dium-sized enterprises (SMEs) that the time taken to make payment once it is646 words
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456 2012-08-22 2 RONNIE LIM - Move comes after Temasek took stake in Cheniere Energy By RONNIE LIM [SINGAPORE] Singapore is betting big bucks on the global LNG business, with Government of Singapore Investment Corp (GIC) reportedly investing around US$500 million in Hou-ston-based Cheniere Energy’s first liquefied natural gas456 words
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Article, Illustration712 2012-08-22 2 AP Bloomberg [NEW YORK] A day after Apple became Wall Street’s all-time MVP that’s the Most Valuable Property its shares surged again to a new record high of US$674.88 in early trade yesterday. On Monday, Apple’s surging stock propelled the company’sAP; Bloomberg; AFP - 712 words
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Article447 2012-08-22 2 SembMarine, Keppel in peak form SEMBCORP Marine and Keppel Corporation are set to test their order book records. So far this year, SembMarine has already busted its all-time record with $8.3 billion in offshore contracts, while Keppel is shimmying closer to its $10 billion record in 2011 with447 words
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Article, Illustration672 2012-08-22 3 TEH SHI NING - Tharman: Banks also need to refocus on their culture of responsibility By TEH SHI NING [SINGAPORE] Active, and at times intrusive, supervision of banks, especially of global banks, must be at the foundation for stable banking and finance, Deputy Prime Minister and Finance Minister Tharman ShanmugaratnamPHOTO: ARTHUR LEE - 672 words
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299 2012-08-22 3 It is first foreign bank to go without local co-branding Bloomberg [SHANGHAI] Citigroup Inc became the first Western bank to issue credit cards in China without co-brand-ing from a local financial institution as the government relaxes restrictions in the world’s second-largest economy. TheBloomberg - 299 words
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Advertisement82 2012-08-22 3 A GLITTER IN TIME WATCH JEWELRY EXHIBITION A watch encasing master complications, a jeweled necklace dazzling with multicolored fire... Come marvel at this season’s most desirable works of art and exquisite craftsmanship by world renowned watch and jewelry ateliers, jointly presented by The Shoppes at Marina Bay Sands and The82 words
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Advertisement92 2012-08-22 4 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School INTRODUCING THE NEW NANYANG MBA CURRICULUM Rapid market change, heightened public scrutiny on corporate practices, and Asia’s ascendance are defining today’s global marketplace. Are you ready to lead in the face of these challenges? Nanyang Business School will produce a new generation of leaders92 words
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Advertisement144 2012-08-22 4 The Manufacturing Processes for Medical Technology Exhibition 12-14 sept 2012 Suntec Singapore Hall 401 MEDICAL MANUFACTURING M i m Your Strategic Platform for Medical Technology Solutions Concurrent events: At MEDICAL MANUFACTURING ASIA 2012, you will: GATE12 M E D T E C H MEDICAL MANUFACTURING ASIA Conference 2012 Discover cutting-edge144 words
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COMPANY NEWS
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Article, Illustration527 2012-08-22 4 JOYCE HOOI - Subscription plans at $64.90 or $49.90 per month, with 10GB data bundle By JOYCE HOOI AS the march towards tiered data pricing continues, SingTel is set to launch Singapore’s first 4G service for tablets next Tuesday. The accompanying 4G tablet plans527 words
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486 2012-08-22 4 ANDREA SOH - By ANDREA SOH WHILE disappointing sec-ond-quarter results have led to more downgrades than upgrades in earnings and target prices, Singapore equities have already priced in a growth slowdown. Still, if the situation in Europe deteriorates, there is a downside risk of 20-25486 words
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Article, Illustration288 2012-08-22 4 JOYCE HOOI - By JOYCE HOOI STARHUB’S Neil Montefiore sold down half his stake in the telco yesterday to free up cash for a property transaction here. At a consideration of $3.602 apiece, the StarHub CEO would have raised a gross total of $1,512,840 on288 words
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Article, Illustration422 2012-08-22 7 NISHA RAMCHANDANI - Revenue surges 88% to $202.22m; for full fiscal year, profit dives 35% to $242m By NISHA RAMCHANDANI PROPERTY and retail group Wing Tai Holdings recorded a 16 per cent year-on-year slide in net profit to $140.54 million for the fourth quarter ended June 30,422 words
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Article403 2012-08-22 7 LEE MEIXIAN - By LEE MEIXIAN TIONG Seng Holdings Limited will be helming phase two of the Singapore Institute of Management’s campus development master plan, after winning a tender for the $137 million project. This contract win boosts the main-board-listed group’s order book to $1.43 billion to403 words
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378 2012-08-22 7 NISHA RAMCHANDANI - By NISHA RAMCHANDANI FASHION and lifestyle group F J Benjamin Holdings (FJB) posted a net profit of $13.89 million for the financial year ended June 30, 2012, up 7 per cent from the previous financial year. Group turnover increased 11 per cent378 words
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316 2012-08-22 7 EMILYN YAP - By EMILYN YAP TYCOON Oei Hong Leong is planning to withdraw his $20.6 million offer for Hanwell Holdings’ stake in Intraco if an agreement is not inked by next Tuesday. This puts the heat on Hanwell, which said yesterday that it is316 words
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231 2012-08-22 8 LYNN KAN - Western Australia demand lifts net profit to $8.4m, revenue quadruples By LYNN KAN STRONG demand in Western Australia’s oil and gas sector more than doubled Civmec Ltd’s net profit for the fourth quarter ended June 30, 2012, to $8.4 million, from $3.6 million a231 words
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Article, Illustration367 2012-08-22 8 CARINE LEE - By CARINE LEE AN offer by Eastern Holdings Ltd’s founder to take the company private has closed with 79.481 per cent acceptance. MBT Holdings Pte Ltd a company jointly owned by Eastern Holdings executive chairman Stephen Tay and his wife Janet Lim367 words
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231 2012-08-22 8 TEO SI JIA - By TEO SI JIA THROUGH its joint venture company, Lian Beng has won a contract worth $169 million from Luxury Green Development Pte Ltd. The member of Hong Kong-listed Cheung Kong Holdings has contracted Paul Y Lian Beng JV Pte Ltd for the231 words
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260 2012-08-22 8 Bloomberg [HONG KONG] Noble Group Ltd, Asia’s biggest listed commodity supplier, will target agricultural assets in the United States as it seeks to meet demand from China and sees potential for deals across its units. “It’s hard to be the supplier and partner ofBloomberg - 260 words
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232 2012-08-22 8 THE Seletar Mall, a new development by a 70:30 joint venture between Singapore Press Holdings (SPH) and United Engineers Limited (UEL), will be completed at the end of 2014. The 99-year leasehold mall, located at the junction of Sengkang West Avenue and Fernvale Road,232 words
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COMPANY BRIEFS
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54 2012-08-22 8 SEMBCORP Development executive chairman Low Sin Leng will be retiring on Dec 31, 2012. The position will be filled by Sembcorp Industries chief executive officer and group president Tang Kin Fei while Sembcorp Development’s president and chief operating officer Kelvin Teo takes over as54 words
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61 2012-08-22 8 HU An Cable Holdings has secured contracts worth 105.6 million yuan (S$20.8 million) from China Power Investment Corporation, one of China’s leading power-generation companies. The contracts, bagged by wholly owned subsidiary Wuxi Hu An Wire And Cable Co, involve the delivery of power61 words
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48 2012-08-22 8 SCORPIO East Holdings will resume trading tomorrow, lifting a trading suspension in place since March 2011 after irregularities in its books were discovered. The company said last month that it has “fully implemented” all policies, processes and procedures recommended by its auditors.48 words
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29 2012-08-22 8 OLD Chang Kee said its wholly owned subsidiary, Ten Han Trading Pte Ltd, has bought a $4.2 million property at Woodlands Terrace.29 words
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62 2012-08-22 8 JAPAN’S Sumitomo Corp is to acquire the Australian unit of New Zealand’s frozen bread dough maker Yarrows for four billion yen (S$62.9 million), the Nikkei business daily reported. Sumitomo, along with Singapore flour miller Prima, will buy Yarrows’ plants in Sydney and Perth. Sumitomo62 words
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30 2012-08-22 8 FKP Property Group said its chief executive Peter Brown will retire before February next year after leading the group for almost 10 years.30 words
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68 2012-08-22 8 DEL Monte Pacific said its proposal to issue bonus shares has fallen through as it is unable to meet the criteria after amendments to a rule relating to the issue of bonus shares. Under the new rule, an issuer is required to satisfy SGX68 words
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46 2012-08-22 8 GOLDEN Ocean Group said its net profit for the second quarter ended June 30 this year fell to $6.32 million, compared to $16.36 million a year ago. Revenue was at $62.97 million, compared to $96.05 million a year ago.46 words
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Page 5 Advertisements
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Advertisement1145 2012-08-22 5 First Only Singapore-Focused Hotel And Serviced Residence Hospitality Trust IPO Closes on 23 August 2012, 12.00 pm Distribution Yield Far East Hospitality Trust (“Far East H-Trust”) is the first and only Singapore-focused hotel and serviced residence hospitality trust listed on the Main Board of the Singapore Exchange Securities Trading Limited1,145 words
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SINGAPORE MARKETS
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Article, Illustration545 2012-08-22 6 VEN SREENIVASAN - US figures on home sales will be closely scrutinised, as will the ECB’s moves in Europe and China’s policies STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets were higher on thin volumes despite concerns over the European debt crisis and ahead of the releaseSource: Bloomberg - 545 words
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Article186 2012-08-22 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 5 0 0 0 7 5 5 Manufacturing 43 61 37 4 11 9 47 72 46 Commerce 24 22 16 2 5 3 26 27 19 Tpt/Stor/Comms 13 21 10186 words
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Article123 2012-08-22 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,628 29,628 48,036 48,036 Manufacturing 206,891 197,341 404,232 570,025 2,368 572,393 Commerce 173,824 2,288 176,112 108,325 217 108,543 Tpt/Stor/Comms 77,509 13,115 90,624 144,589 4,091 148,680 Finance 25,948 1,171 27,119 85,599 496 86,096 Construction 123,790 1,999123 words
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Article66 2012-08-22 6 Aug 21 VALUE CLOSE BT OB/OS -1.00 -99.00 BT CADI -*****.00 -19.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 707.93 +1.82 FTSE ST Small Cap 467.25 +0.77 FTSE ST All Share 741.40 +1.07 FTSE ST China Top 204.37 -0.29 FTSE ST China 222.58 -0.61 FTSE66 words
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Article60 2012-08-22 6 VOLUME Lereno 121,694,000 M Devt 75,785,000 Golden Agri 58,179,000 HLH Grp 50,743,000 Annica 39,000,000 TT Intl 36,060,000 GSH Corp 34,342,000 Noble Grp 34,329,000 IPCO Intl 32,103,000 Goldtron 25,745,000 VALUE($) Asia Pac Brew 368,026,970 SingTel 85,127,470 F&N 51,936,020 Noble Grp 43,049,545 Golden Agri 41,190,490 DBS Grp 33,750,880 Genting60 words
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Article, Illustration932 2012-08-22 6 LYNN KAN - Compiled by LYNN KAN S’pore Reits OCBC INVESTMENT RESEARCH, Aug 21 WE advocate switching to office Reits from local retail Reits. Due to limited supply coming online and better than expected demand in 2Q12, office fundamentals are outstripping market expectations. Office Reits, trading at an attractive average 0.82xSource: Bloomberg - 932 words
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Article111 2012-08-22 6 Stock name Close Change CapMallsAsia 1.650 +0.005 CapitaLand 3.060 +0.030 CapitaMall 1.930 CityDev 11.520 +0.050 ComfortDelGro 1.690 -0.010 DBS Grp 14.720 -0.010 F&N 8.350 -0.050 GLP 2.340 +0.020 Genting SP 1.355 -0.005 Golden Agri 0.710 HK Land 6.130 -0.060 JMH 54.100 +0.450 JSH 33.990 -0.010 Jardine111 words
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Article, Illustration572 2012-08-22 6 CURRENCIES Reuters [LONDON] The euro rose to a two-week high against the dollar and a six-week peak versus the yen yesterday, lifted by talk that the European Central Bank will take strong action to ease Spanish and Italian borrowing costs. Uncertainties over howReuters; REUTERS - 572 words
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Article110 2012-08-22 6 BY CENTS CLOSE UP STXPO 100 444 284.5 178.4 Asia Pac Brew 5300 243.0 4.8 IS DJ US Tech 7658 100.0 1.1 DBXT SPASX200 10US$ 3541 96.2 2.2 DBXT MSEurope 10US$ 4370 71.2 1.3 GLD 10US$ ***** 62.5 0.3 JMH 5410 56.2 0.8 CIMBASEAN40 100S$D 1310 32.0 2.5 DBXT110 words
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Article126 2012-08-22 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -261.3 -1.1 DBXT iBoxxUSTr 5US$ ***** -152.5 -0.6 DBXT FTVietnam 10US$ 2258 -111.2 -3.8 DBXT iBoxxSing 5SG$ ***** -82.0 -0.6 Jardine C&C 4895 -28.0 -0.6 DBXT S&P Short 10US$ 3581 -20.0 -0.4 OCBC Bk 4.5%NCPS 100 ***** -20.0 -0.2 YHS126 words
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Advertisement192 2012-08-22 7 The Regional Wing of Singapore Airlines More journeys to treasure at silkair.com GREAT MEMORIES, GREAT FARES. Book your short getaway today. All-in return fare from 508 Shenzhen Exclusive MasterCard® Privilege Book now and enjoy extended travel dates from 15 September 2012 to 31 January 2013, exclusive to MasterCard holders only.192 words
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Advertisement34 2012-08-22 7 Detached III;; «i«IT A JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent34 words
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Advertisement1457 2012-08-22 8 V WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices o VTTTrfhn^rte State Bank of India (Incorporated in India) Corporate Centre: Mumbai 400 021., India 4. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on1,457 words
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Advertisement252 2012-08-22 8 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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Advertisement88 2012-08-22 8 NEW LOOK! ■RAND NEW LOOK! LUS $10,000 GIVEAWAY lOU'Vo USEFUL! SINGAPORE’S NO. 1 MEN'S MAGAZINE 30DAYST0A 6-PACK ROCK-SOLID ABSIN RECORDTIME! BEDROOM CHEMISTRY ONE FORMULA, MULTIPLE SEXPLOSIONS! STYLE YOURSELF FIT THE COOLEST SPORTS GEAR MONEY CAN BUY! THEULTIMATE NO-GYM WORKOUT ARMOUR UP YOUR HEART WITH STEAKS BEER TRAIN EASIER RUNFASTER! P11488 words
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SINGAPORE NEWS
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Article, Illustration464 2012-08-22 9 LYNN KAN - Boosting basic pay, lowering variable bonuses may draw more locals to sector By LYNN KAN WAGES in the marine industry could be changed to give rank-and-file workers higher basic pay while lowering typically high variable bonuses. Senior Minister of State for Information, Communications and464 words
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390 2012-08-22 9 LEE MEIXIAN - By LEE MEIXIAN DOMESTIC wholesale trade in the second quarter fell 1.9 per cent from a year earlier, while foreign wholesale trade expanded 8.6 per cent, data released by the Department of Statistics showed yesterday. Domestic wholesale trade was dragged down by390 words
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Article, Illustration500 2012-08-22 9 LEE U-WEN - By LEE U-WEN THE Nanyang Business School (NBS) is revamping its Master of Business Administration (MBA) programme in a big way from July next year. There will be a sharper focus on leadership development, pan-Asian industry perspectives and applications, and greater insights500 words
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384 2012-08-22 9 JASMINE NG - By JASMINE NG A FREEHOLD landed factory near the junction of Sims Drive and Lorong 17 Geylang has changed hands at $43.18 million, falling short of the asking price of between $48 million and $50384 words
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Article, Illustration999 2012-08-22 9 ANDREA SOH - By ANDREA SOH THE great financial crisis may have given bankers a bad name, but some members of that community are repairing it with their hearts and hands. Each year, at least 80 Citibank employees in Singapore volunteer their time999 words
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SINGAPORE ROUNDUP
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184 2012-08-22 9 AN academic from Nanyang Technological University (NTU) has been recognised by the Massachusetts Institute of Technology’s Technology Review as one of the top 35 young innovators in the world. Assistant Professor Zhang Baile, 31, joined NTU last year and is the only person184 words
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Article89 2012-08-22 9 THE Singapore Exchange (SGX) yesterday led the signing of a memorandum of understanding to bring professional services support to Shared Services for Charities (SSC). SGX and BinjaiTree renewed their sponsorship, while five accounting firms Deloitte Touche LLP, Ernst Young LLP, KPMG LLP, PricewaterhouseCoopers LLP and RSM89 words
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Article72 2012-08-22 9 LOYAL Reliance Pte Ltd, a business consultancy firm for SMEs, will launch a Productivity Development Programme to help SME owners improve their productivity levels and enhance company capabilities. All eligible companies will be entitled to one complimentary advisory session and a half-day productivity workshop worth $40072 words
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MALAYSIA/INDONESIA
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Article, Illustration840 2012-08-22 10 Economy in a ‘sweet spot’ with growth boosted by ETP projects, low inflation [KUALA LUMPUR] Malaysia’s economy is enjoying a gravity-defying boom that is confounding sceptics, the New Straits Times (NST) has reported. According to the NST report published last weekend, foreign analysts andBLOOMBERG FILE PHOTO - 840 words
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Article, Illustration784 2012-08-22 10 Global shortage likely after tin prices fall 32% this year Bloomberg [JAKARTA] Indonesia idled about 70 per cent of tin smelting capacity in its biggest producing region amid a three-month bear market, curbing the world’s biggest exports and setting the stage for aBloomberg; BLOOMBERG FILE PHOTO - 784 words
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Page 10 Advertisements
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Advertisement79 2012-08-22 10 SHARING THE JOY OF THE NATION TILL 31 AUGUST 2012 CELEBRATE SINGAPORE Chinese Executive Chef Chan Shun Wong presents a memorable Singapore set menu you’ll never forget! Relish in Chef Chan’s special creation, theNational Day Fried Rice as well as other mouth-watering dishes such as Chilled Prawn Salad with Sesame79 words
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GREATER CHINA/INDIA
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Article, Illustration803 2012-08-22 11 They have been accused of causing panic among people from the northeast Washington Post [NEW DELHI] India blocked about 250 websites and social networking sites on Monday, accusing them of spreading inflammatory content that triggered panic among thousands of workers and students from the country’sWashington Post; AP - 803 words
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404 2012-08-22 11 Bloomberg [BEIJING] Tianjin announced a multi-year target of 1.5 trillion yuan (S$294.8 billion) for industrial investment, joining a similar plan by Chongqing amid local efforts that may help reverse China’s growth slowdown. Tianjin, in north-east China, plans the investment over four years inBloomberg - 404 words
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Advertisement145 2012-08-22 11 DEAL OR NO DEAL: INDONESIA, INDOCHINA MYANMAR 29 August, 8:30-13:00 The CEO Suite Singapore Land Tower M&A in Indonesia: legal due diligence deal killers and remedies Share or asset deal? Can the target's creditors block the deal? Managing live deals when new regulations come into force Effective tax structures for145 words
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Advertisement342 2012-08-22 11 M CHINA IMPOF I-* t* m it CHINA IMPORT AND EXPORT FAIR Business opportunities blossoming A collection of prime goods, a journey to harvest m '*‘V‘ s t.'%r ST-- 2” Ooo 0 <y > -4*' s} 2a» is* m m%) V e 4 \*5 STfc .1 W* imit O V342 words
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ECONOMY WATCH
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Article, Illustration719 2012-08-22 12 Some economists disagree and argue the new natural jobless rate is 7% Bloomberg [WASHINGTON] Most of the damage inflicted on the US labour market by the recession is reversible, according to Federal Reserve research, leaving open the possibility that additional stimulus will beBloomberg; BLOOMBERG - 719 words
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644 2012-08-22 12 But there are no signs of widespread food price crisis Reuters [WASHINGTON] Global financial lenders are advising countries to prepare for the possibility of higher food bills in the coming months but for the moment, the International Monetary Fund (IMF) and World BankReuters - 644 words
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Article, Illustration511 2012-08-22 12 Aussie up 7.2% since rates lowered on June 5 Bloomberg [SYDNEY] The Reserve Bank of Australia (RBA) signalled confidence domestic growth would weather a “fragile” global economy in its decision earlier this month to maintain the highest borrowing costs in the developed world.Bloomberg - 511 words
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446 2012-08-22 12 Bloomberg [MOSCOW] Russian lawmakers loyal to President Vladimir Putin have submitted an anti-corruption bill they hope will lead to the repatriation of US$100 billion in assets held by officials, the lead author said. “We are introducing new and very strict rulesBloomberg - 446 words
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Page 12 Advertisements
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Advertisement17 2012-08-22 12 m Ml SINGAPORE'S Horresr hits HEAR oMe Dimer(om s HOTTEST HITS ON HOT FM 91.3 m a17 words
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Advertisement29 2012-08-22 12 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 383829 words
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WORLD
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Article, Illustration646 2012-08-22 13 Lack of someone who can stand up for the industry with Dimon sidelined Bloomberg [NEW YORK] Wall Street, the global financial community reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase Co chief executiveBloomberg; AFP - 646 words
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Article, Illustration624 2012-08-22 13 Bloomberg [ZURICH] UBS AG chief investment officer (CIO) Alexander Friedman is masterminding a push by Switzerland’s biggest bank to develop a performance track record that will attract rich clients as Swiss secrecy erodes. “There used to be this moat that createdBloomberg; BLOOMBERG FILE PHOTO - 624 words
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499 2012-08-22 13 Bankers’ group says that would keep lobbying at bay Bloomberg [LONDON] Every two months, representatives from the world’s largest banks meet at an undisclosed location to review the London interbank offered rate (Libor). Who sits on the British Bankers’ Association’s (BBA) Foreign Exchange andBloomberg - 499 words
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657 2012-08-22 14 Accounting body found deficiencies in every audit that its officers reviewed NYT [NEW YORK] The many auditors who inspect the financial statements of brokerage firms appear to be cutting corners and not doing all the work they should do a worrisome sign afterNYT - 657 words
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Article, Illustration379 2012-08-22 14 Axe could fall on 3,000 more jobs, on top of 5,000: source Reuters [TOKYO] Embattled Japanese TV maker Sharp Corp may cut a further 3,000 jobs on top of the 5,000 already announced by selling two television assembly plants to Taiwanese partner HonReuters; REUTERS - 379 words
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470 2012-08-22 14 Bloomberg [TOKYO] Elpida Memory Inc, the bankrupt Japanese chipmaker being bought by Micron Technology Inc, will get 280 billion yen (S$4.4 billion) in support from the US company, the Asahi newspaper said. Micron will buy Elpida shares for 60 billion yenBloomberg - 470 words
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Article, Illustration324 2012-08-22 14 NYT [NEW YORK] Aetna announced on Monday that it would buy Coventry Health Care for about US$5.7 billion in cash and stock, a move Aetna said would help it expand further into government-backed programmes like Medicaid and Medicare. It is the latestNYT; AP - 324 words
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Article, Illustration457 2012-08-22 14 Bloomberg [SAN FRANCISCO] Facebook Inc director Peter Thiel sold most of his stake in the operator of the world’s largest social-net-working website, bringing his proceeds to more than US$1 billion, after restrictions on insider sales ended. Mr Thiel, one of Facebook’s earliest investors,Bloomberg - 457 words
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Article278 2012-08-22 14 Pictet-Absl Rtn Glo Cone-P EUR 16.08.2012 EUR 105,22 Pictet-Absl Rtn Glo Div-P EUR 16.08.2012 EUR 118,94 Pictet-Asian Equities Ex Japan-P USD 16.08.2012 USD 160,61 Pictct-Asian Local Currency Debt-P USD 16.08.2012 USD 148,82 Pictet-Biotech-P USD 17.08.2012 USD 357,36 Pictet-Clean Energy-P USD 16.08.2012 USD 61,52 Pictet-Digital Communication-P USD 16.08.2012 USD 145,27278 words
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Article, Illustration674 2012-08-22 16 Central bank ready to act in case of bank run after ACB founder’s arrest AFP [HANOI] Vietnam said yesterday that it had arrested a top banking tycoon for illegal business activities, sending ripples through financial markets as the central bank urged theAFP; REUTERS - 674 words
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294 2012-08-22 16 The new complaints allege illegal import restrictions AFP [GENEVA] The United States and Japan have filed separate disputes at the World Trade Organization (WTO) against Argentina, alleging illegal import restrictions, the trade arbiter said yesterday. Both the new complaints allege that Argentina’sAFP - 294 words
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Article, Illustration556 2012-08-22 16 Reuters [LONDON] Glencore’s US$30 billion bid for miner Xstrata is not a “must-do deal”, its chief executive said yesterday, in the company’s strongest suggestion yet that it will not yield to key shareholder Qatar’s demands for an improved offer. Ivan Glasenberg, speaking asReuters; AP FILE PHOTO - 556 words
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866 2012-08-22 16 Bloomberg [ATLANTA] Americans have had fewer babies each year since the 2008 financial meltdown, with births falling to a 12-year low in 2011, according to the National Center for Health Statistics. The low birth rate and reduced immigration resulted in the smallest gainBloomberg - 866 words
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Article, Illustration350 2012-08-22 16 Soros roots for soccer with Man U stake AP Reuters [NEW YORK] Billionaire financier George Soros is getting in on the game, taking a minority stake in soccer club Manchester United. Mr Soros disclosed in a regulatory filing on Monday that he owns 7.85 per cent of Manchester United’s ClassAP; Reuters - 350 words
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Page 13 Advertisements
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Advertisement1035 2012-08-22 13 ESAT& NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GALAXY SHIPPING PTE. LTD, (IN MEMBER'S VOLUNTARY LIQUIDATION] (Company Registration No. *****5271C) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of1,035 words
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Advertisement158 2012-08-22 13 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF OSAKA VACUUM CHEMICAL (SINGAPORE) PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) CO. REG. NO. *****5871C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act Cap. 50 that a Final158 words
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Advertisement10 2012-08-22 13 i. jr 4 www.omy sg A r- More at yzone.omy.sg10 words
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Advertisement40 2012-08-22 14 >/v/V JACKPOT Estimated Draw on Thu, 23 Aug 2012 at 6.30pm at PoNlo For details, visit www.singaporepools.com.sg Ip Yri) Always play with care. [responsibly! Do not bet illegally. RGB Reg No; *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS40 words
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Advertisement15 2012-08-22 14 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices CLA/FEB1 1/g15 words
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Advertisement158 2012-08-22 15 THE STRAITS TIMES Enjoy The Straits Times. Select your Sure-Get Gift. The pleasure is all yours! o 4 m 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 (Print Online iPad/iPhone Android158 words
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Advertisement24 2012-08-22 16 tk Lianhe Zaot Chongqing to invest 1.5 trillion yuan to create seven multibillion-dollar industrial clusters S£iajft1.57nz.AKili To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
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Advertisement80 2012-08-22 17 ki 1 <• O- isMm n \h m 8» Si!' 8 lit I m ———■■—■■I i A i■n S. L3 I ■HHHHnMi NSi i i > U I >. r- < 4 m 4 j NO MATTER HOW SMALL OR BIG, THERE’S A RETAIL SPACE THAT SUITS YOUR NEEDS. A80 words
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EDITORIAL & OPINION
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Article, Illustration1097 2012-08-22 18 JEFFREY FRANKEL - Scariest on the black-swan list is a terrorist attack with weapons of mass destruction By JEFFREY FRANKEL The writer is professor of capital formation and growth at Harvard University Throughout history, major political and economic shocks have often occurred in August, whenAP - 1,097 words
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Article, Illustration809 2012-08-22 18 WILLIAM PESEK - THE BOTTOM LINE WILLIAM PESEK William Pesek is a Bloomberg View columnist. The opinions expressed are his own THE world’s tobacco merchants are down on Australia after the country’s highest court backed the toughest ciga-rette-labelling rules anywhere. So far, the809 words
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469 2012-08-22 18 EDITORIAL AS Europe’s leaders return from their summer break, there is precious little good news awaiting them at home and much to fret about. The yield on 10-year Spanish government bonds is still above 6.3 per cent, while the 10-year Italian government bond469 words
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Article, Illustration1205 2012-08-22 19 LAWRANCE LAI - Getting the principles of fraud management right is important as speed is of the essence in the event of a fraud suspicion By LAWRANCE LAI The writer is partner, fraud investigation dispute services, Ernst Young Advisory, Singapore SENIOR executive is investigated for kickbacks and misappropriation ofSTOCK.XCHNG - 1,205 words
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Article, Illustration796 2012-08-22 19 GEORGE HAY, AGNES D CRANE - Base submissions on actual transactions instead of best guesses to avoid fiddling, and improve oversight REUTERS BREAKINGVIEWS By GEORGE HAY, AGNES D CRANE LIBOR has become a dirty word. Attempts to manipulate the London Interbank Offered Rate benchmark have already claimedAFP - 796 words
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TransportHUB
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Article, Illustration1103 2012-08-22 20 DAVID HUGHES - Labour convention a breakthrough for seafarers welfare Shipping community in Singapore well placed to meet requirements laid down in the global pact STRAIT TALK By DAVID HUGHES ON Monday this week the International Labour Organization (ILO) announced that it had received the 30th ratification of the Maritime Labour Convention, 2006PHOTO: AP - 1,103 words
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486 2012-08-22 20 Bloomberg [LONDON] Overseas Shipholding Group (OSG) is running out of cash and must renegotiate a loan agreement as an industrywide slowdown and rejection of a federal debt guarantee impedes profitability, challenging the company’s ability to pay its obligations and pay for new vesselBloomberg - 486 words
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Article250 2012-08-22 20 SGX '000 Aug 21 S$ +/-Vol CH Offshore 0.44 unch 202 Chuan Hup Hldg 0.24 -0.01 502 Cosco Corp 1.02 -0.01 1846 s$ First Ship Lea 0.14 unch 576 Freight Links 0.07 unch 1401 Grand Banks 0.23 -0.01 21 Jaya Hold Ltd 0.54 unch 435 K1Ventures 0.13 unch250 words
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TRANSPORT HUB: AVIATION
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Article, Illustration778 2012-08-22 21 Incheon Int’l Airport, Manchester Airports Group among possible bidders Washington Post [LONDON] London Heathrow airport-owner BAA Ltd said that it will sell the British capital’s Stansted terminal after losing the latest court action against a forced breakup of its assets ordered by antitrustWashington Post; BLOOMBERG - 778 words
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Article, Illustration953 2012-08-22 21 Business travellers find flexibility of schedules a boon NYT [NEW YORK] The private jet industry has been a bit more optimistic lately, in part because of business travellers like Mark Dowley who use it to patch holes in the local air travel system.NYT; REUTERS - 953 words
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TRANSPORT HUB: LAND
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Article, Illustration1013 2012-08-22 22 Features being built into new models as technology improves and costs slide Reuters [DETROIT] It’s been more than half a century since some of the first concept cars boasting self-driving features were presented to the world and they’re still notReuters; REUTERS - 1,013 words
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218 2012-08-22 22 Bloomberg [BEIJING] Beijing plans to build a system for imposing road-congestion charges on motorists, adding to caps on vehicle registrations as China’s capital seeks to ease traffic jams and cut emissions. The municipal government will also accelerate the expansion of the subwayBloomberg - 218 words
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Page 20 Advertisements
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Advertisement1625 2012-08-22 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MACQUARIE BANK LIMITED Head Office: 1 Martin Place, Sydney NSW 2000, Australia Singapore Branch: 10 Marina Boulevard #17-01, Marina Bay Financial Centre Tower 2, Singapore *****3 CONSOLIDATED INCOME STATEMENT for the financial year ended 31 March 2012 2012 2011 AUDm AUDm Interest1,625 words
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Advertisement255 2012-08-22 21 SICCI'DBS Singapore Indian Entrepreneur Aw ards 2012 APPLICATIONS ARE NOW OPEN! Category 1: Large Enterprise Applicants whose business'/company's annual turnover is more that S$25 million; or a net annual profit of more that S$2.5 million; or net asset value of more that S$10 million; or more than 50 employees. Applicants255 words
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Page 21 Miscellaneous
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Miscellaneous362 2012-08-22 21 CRYPTIC CROSSWORD Across 9 One of the Everly Brothers has drunk a bottle (5) 10 Detest having a horde going around home at start of event(9) 11 One saying no, resorting to anger (7) 12 What water may be from plateau coming to river (7) 13 Military action, say, is362 words
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Page 22 Advertisements
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Advertisement841 2012-08-22 22 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) and841 words
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SINGAPORE STOCKS
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Article2924 2012-08-22 23 Transaction date: Aug 21 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 unch 3052,924 words
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Article190 2012-08-22 24 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’vr190 words
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Article8028 2012-08-22 24 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 9582/ Global Emerging Markets!” 1.7983/8,028 words
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Article206 2012-08-22 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 28.5 AVJennings A30 -0.5 1 30 30 24.5 39.5 3.6 11.7 2.4 78.1 41.5 25.5 Genting HK US$ US36 +0.5 3836 36 35 35.5 36 2370.4206 words
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Article980 2012-08-22 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 123 -0.7 48 123.7 122.8 120 123 561.5 126.8 122.2 CIMB APAC Div 100S$D 126.8 127.3 128.2 103 95.8 CIMB980 words
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FINANCE & COMMODITIES
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Article626 2012-08-22 25 Aug 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9165.15 9196.67 9146.07 Sep12 9200.00 9230.00 9135.00 9165.00 ***** *****5 Dec12 9130.00 9145.00 9105.00 9100.00 434 ***** MSCI TAIWAN INDEX FUTURES SPOT 264.02 267.13 264.02 Aug12 264.30 268.00 263.50 266.30 ***** *****7 Sep12 264.40626 words
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377 2012-08-22 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 20 Index Change Change Change Change Change Change World Preliminary 908.9 -0.3 9.5 -0.3 5.3 -0.2 8.9 EAFE Preliminary 730.3 -0.3 7.1 -0.1 1.7 -0.1 5.2 Europe377 words
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Article, Illustration120 2012-08-22 25 As on 20 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 538.05 538.05 540.95 3 GOLD FUT DEC2012 1622.90 1617.20 1622.70 8 CURRENCY EUR-USD FUT SEP2012 1.2368 1.2303 1.2347 1312 BASE METAL COPPER FUT SEP2012 7510 7406120 words
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Article107 2012-08-22 25 Aug 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1703.75 1671.00 1705.50 1667.00 Nov 12 1683.50 1645.75 1685.00 1641.00 Jan 13 1673.75 1637.00 1674.25 1633.00 Mar 13 1578.25 1554.25 1580.00 1549.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 53.89107 words
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Article70 2012-08-22 25 CRUDE OIL PRODUCTS Aug 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.17 0.05 WTI (Near Mth) 95.90 -0.19 Dubai (1-Mth F) 110.93 0.36 Tapis blend 118.60 -0.19 Minas 118.10 -0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.06 unch Jet Kerosene 132.26 unch US$/barrel OpecOil Basket70 words
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Article22 2012-08-22 25 Aug 21 S$ Bid Offer 1-month 1.2497 1.2507 2-months 1.2496 1.2507 3-months 1.2495 1.2506 6-months 1.2485 1.2496 Source: OCBC22 words
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Article65 2012-08-22 25 Aug 20 Aug Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1800.00 1821.25 3 months 1837.00 1858.00 Copper, Grade A(US$/tonne) Cash 7447.00 7532.50 3 months 7456.00 7539.00 Lead(US$/tonne) Cash 1899.00 1882.00 3 months 1909.00 1895.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article80 2012-08-22 25 Aug 20 COCOA (£/tonne) Close Prev High/Low Sep 12 1605 1624 1644/1600 Dec 12 1610 1631 1643/1605 Mar 13 1596 1615 1627/1589 May 13 1597 1617 1628/1592 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2065 2063 2076/2052 Nov 12 2104 2102 2114/2090 Jan 13 2100 2099 2110/2089 Mar 13 209780 words
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1006 2012-08-22 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 500 6.25 21 Cooo) Conv Ratio Baker Technology Ltd W*****6 1.2 1 32 7 25.83 3 Price Best World Intl Ltd W*****5 0.3 1 301,006 words
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Article470 2012-08-22 25 Aug 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.682 0.847 8.154 58.376 99.754 0.835 11.886 3.293 1.292 99.281 44.437 1.314 8.691 1.018 31.486 33.090 0.667 1.051 Canada 0.964 6.445470 words
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Article58 2012-08-22 25 Aug 21 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates58 words
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Article135 2012-08-22 25 Aug 21 GOLD(US$/oz) Aug 21 Aug 20 Hong Kong 1629.70 1626.00 Aug 20 Aug 20 Aug 17 London 1618.71 1615.74 1619.48 1616.96 Source: Thomson Reuters CAST BAR Aug 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 65 5gm 445 326 10gm135 words
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Article90 2012-08-22 25 Aug 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 22-Nov-12 0.25 6-Month BS*****H 21-Feb-13 0.26 0.22 0.22 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.03 5-Year N*****0Z 2.37590 words
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Article57 2012-08-22 25 Aug 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2866.0 2860.0 2899.0 2866.0 1114 7920 Oct 12 2911.0 2910.0 2940.0 2905.0 7378 ***** Nov 12 2946.0 2942.0 2971.0 2938.0 ***** ***** Dec 12 2983.0 2976.057 words
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Article155 2012-08-22 25 Aug 21 Aug Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3133 1.3150 1.0509 1.0514 Canadian dollar 1.2664 1.2683 1.0141 1.0134 Euro 1.5504 1.5519 1.2406 1.2408 NZ dollar 1.0169 1.0178 0.8137 0.8138 Sterling pound 1.9684 1.9705 1.5751155 words
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Article121 2012-08-22 25 As at 9am Aug 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.339 1.276 Can dollar 1.295 1.234 Euro 1.582 1.507 Sterling pound 2.004 1.927 NZ dollar 1.042 0.993 US dollar 1.270 1.222 Local dollars to 100 units of foreign121 words
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Article160 2012-08-22 25 Aug 21 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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 12160 words
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3375 2012-08-22 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO3,375 words
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Advertisement43 2012-08-22 26 p m fi Ca th d d y yo rvi Sh Ti PR 9 I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times43 words
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Advertisement18 2012-08-22 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement131 2012-08-22 27 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 nt. uujini jj iivii j Shipping Times Announce Your Corporate131 words
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Advertisement469 2012-08-22 28 Deutsche Bank db X-trackers ETFs 9 E 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 6238469 words
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Advertisement89 2012-08-22 29 "When I review my insurance policies, I expect the process to be simple, not complicated." Zurich has 140 years of experience and over 60,000 employees serving customers worldwide. If you're unsure whether you are under-insured or over-insured, speak to our network of financial professionals who can advise you, and provide89 words
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executive Money
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Article, Illustration946 2012-08-22 30 GENEVIEVE CUA - It could eventually account for 30% of private banking assets under management in Asia, says Barclays. CUAreports GENEVIEVE CUA INDEPENDENT asset managers (IAMs) are a nascent wealth advisory segment in Singapore, and seen by some bankers as unwelcome competition for clients. But Barclays believes that946 words
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Article393 2012-08-22 30 NYT [MENLO PARK, California] Inside Facebook’s headquarters, a red-and-white poster affixed to a wall asks bluntly: “What Could Go Wrong?” Below, in black ink, someone has scrawled in tiny letters: “Everything.” The poster, one of several displayed across this sprawling campus, is part of the company’sNYT - 393 words
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Article, Illustration1074 2012-08-22 28 New book by legal scholar examines the psychology of financial criminals NYT [NEW YORK] Maybe “Ponzi scheme” should have its own spot in the Dewey Decimal System. Along with biographies of the schemers, a growing stack of scholarly references, legal tomes andNYT; BLOOMBERG PHOTOS - 1,074 words
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Article, Illustration975 2012-08-22 29 Sources of income galore but investors must be willing to bet on sensitive stocks NYT [NEW YORK] Dividend seekers are in a bit of a quandary. As frightened investors have raced into defensive equities lately, traditional income-producing areas of the stock market have becomeNYT; BLOOMBERG - 975 words
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Advertisement319 2012-08-22 30 TRAde The mARkeTs ON The mOVe CFDs AND FOREX Now on DealBook® for Android™ Never miss a market move with the latest addition to our award-winning dealBook® trading suite. designed for Android users, this app helps you stay in touch with the markets and execute trades wherever you are. Open319 words
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