The Business Times, 26 September 2012

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Microfilm: NL32237
Total Pages: 68
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, eptember 26, 2012
    25 words
  • Article
    Lock icon Talk of Temasek stake sale batters StanChart shares
    691 1  -  No deal yet, says source but Temasek will offload some SingTel stock By SIOW LI SEN [SINGAPORE] Shares of Standard Chartered plunged more than 3 per cent yesterday following a report that Temasek Holdings is considering selling its 18 per cent stake
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,067.13 (-0.80) HST INDEX FUTURES 3,065.00 (-1.00) GSIMSCI 352.82 (+0.47) GSIMSCI FUTURES 352.20 (+0.20) US$ S$ US$ (S$ per US$) 1.227 (US$/S$ per 1.625 1.995 EURO (US$/S$/€) 1.290 1.583 Foreign currency per US$ S$ YEN 77.80 63.40 RM 3.069 2.501 HK$ 7.753 6.318 BAHT 30.94 25.22 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Tuesday Change KL COMP 1,618.58 +6.20 NIKKEI 225 9,091.54 +22.25 HANG SENG 20,698.68 +3.98 SET INDEX 1,287.41 +3.11 JAKARTA COMP 4,226.89 +25.97 MANILA COMP 5,325.17 -0.43 SEOUL COMP 1,991.41 -12.03 SHENZHEN B 556.67 -0.54 MUMBAI IND 18,694.41 +21.07 12 noon EDT Change DOW 13,595.01 +36.09 NASDAQ 3,170.37 +9.59
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.427 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Want to be in a rich girl’s shoes? You’ll feel the pinch
    706 1  -  By SIOW LI SEN [SINGAPORE] It’s tough to be rich in Singapore. For the ladies, a pair of classic Louboutin pumps costs US$2,714 here, compared with only US$1,005 in Hong Kong. A Chanel bag comes at US$5,781 versus
    Source: CLSA, Julius Baer  -  706 words
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      113 1 COMMENTARY What it looks like, with 42 days to go PAGE 17 LAND TRANSPORT Globalisation led to Pirelli’s focus on tyres PAGE 20 EXEC MONEY The ‘sweet and sour’ of Asian equities PAGE 28 Read about strategies in the alternative space in the latest Wealth edition that comes with your
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      9 1 STRAIT TALK Pondering bunkering, other big issues PAGE 18
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      372 2 StanChart hit on talk of Temasek sale SHARES of Standard Chartered plunged more than 3 per cent yesterday following a report that Temasek is considering selling its 18 per cent stake in the UK bank. Around noon in London, StanChart was down 3.5 per cent to £14.29, valuing
      372 words
    • Article, Illustration
      Lock icon MTI: Why we can’t do without foreigners
      807 2  -  S’pore’s ageing and shrinking workforce makes it imperative, to maintain growth By CHUANG PECK MING [SINGAPORE] An ageing and shrinking workforce in the face of slower economic growth has put Singapore’s dependence on foreign workers into sharper focus. In a paper titled On
      Source: MOM  -  807 words
    • Article
      Lock icon Consumer confidence beats forecasts
      554 2 It hits 7-month high on rising home values and stocks LATEST US DATA Bloomberg [NEW YORK] Confidence among American consumers rose more than forecast in September to a sev-en-month high, which may help support the largest part of the economy. The Conference Board’s index increased to
      Bloomberg  -  554 words
    • Article, Illustration
      Lock icon All eyes on manufacturing numbers for August
      508 4  -  They will either confirm or debunk current consensus of policy easing By TEH SHI NING [SINGAPORE] Manufacturing numbers for August, due this afternoon, will be closely watched as last month’s industrial performance could either cement or overturn the current consensus expectation of policy
      508 words
    • Article, Illustration
      Lock icon F&N saga gives S’pore M&A Q3 pop
      480 4  -  Volume soars 151% to US$26.2b, highest since Q1 of 2008 By KENNETH LIM [SINGAPORE] The merger and acquisition (M&A) business in Singapore had a bubbly third quarter thanks to jostling for Fraser and Neave (F&N), according to data by Thomson Reuters. Overall M&A
      REUTERS  -  480 words
    • Article, Illustration
      Lock icon Ng didn’t influence evaluation, but woman felt ‘pressured’
      929 4  -  Prosecutors concede ex-CNB chief didn’t interfere, but say he had corrupt intent Reports by GRACE LEONG [SINGAPORE] Former Central Narcotics Bureau chief Ng Boon Gay did not influence the agency’s evaluation process for any of the contracts involving the woman at the
      WONG KWAI CHOW/THE STRAITS TIMES  -  929 words
    • Article
      Lock icon Huge opportunity in European banks: Templeton
      471 4  -  By KENNETH LIM [SINGAPORE] European bank stocks offer “tremendous” opportunities with long-term concerns already priced into extremely cheap valuations, Franklin Templeton global equity portfolio manager Alan Chua said on Tuesday. “The opportunities we think are quite tremendous,” Mr Chua said at the asset management
      471 words
    • Article
      Lock icon Move to bar publication of Cecilia Sue details denied
      363 4 [SINGAPORE] Prosecutors have failed to secure an anonymity order barring the publication of the name, address and photograph of Cecilia Sue Siew Nang, the woman at the centre of a sex-for-business favours scandal involving former Central Narcotics Bureau (CNB) chief Ng
      363 words
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      161 2 I gg I JaSSSSSSSSSSS^A iWllllW The Fullerton hotel SINGAPORE A Sale by Vinum Fine Wines 27 th Sep 6 th Oct 2012 Collection originally purchased from the Christie’s Auction entitled “Grands Crus: A Superlative Private Cellar” on 18 th and 19 th September 1997 Highlights 1975 La Mission Haut Brion
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      45 2 n m n A WORK "V HUB SUITES MORE THAN A SERVICED OFFICE suites Find out more about Hub Suites at www.hubsuites.com or call us at +65 *****302 to make an appointment to view now! 70 Anson Road, Hub Synergy Point, B1, Singapore *****5 hubsuites@nutzcentre.com
      45 words
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      154 3 A member of the Keppel T&T Group BEST DOMESTIC LOGISTICS SERVICE PROVIDER OF THE YEAR (SINGAPORE) 2012 FROST SULLIVAN ASIA PACIFIC BEST PRACTICES AWARDS DELIVERING DISTINCTIVE SERVICES AND SOLUTIONS As testament to our unwavering commitment to operational and service excellence, Keppel Logistics, a wholly-owned subsidiary of Keppel Telecommunications Transportation, has
      154 words
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  • COMPANY NEWS
    • Article
      Lock icon Grand Banks board seeks shareholders’ support
      804 5  -  Luxury boat maker’s call comes amid bid by duo to oust directors By NISHA RAMCHANDANI THE board of Grand Banks Yachts, the luxury boat builder which is on the Singapore Exchange (SGX) watch-list, urged shareholders in a letter yesterday to lend their support to
      804 words
    • Article
      Lock icon Jason Parquet makes robust trading debut
      293 5  -  By JASMINE NG TIMBER flooring company Jason Parquet Holdings stood on firm ground yesterday as it made its Catalist debut. The stock opened trading at 27.5 cents, against its initial public offering price of 22.5 cents, and traded between 27 and 30 cents before
      293 words
    • Article
      Lock icon SingTel buys $3m stake in mobile game firm
      408 5  -  By JOYCE HOOI SINGAPORE Telecommunications (SingTel) has chalked up a $3 million purchase of a stake in TheMobileGamer (TMG), the latest in a string of digital acquisitions that are collectively worth about $440 million. The conditional deal, done through the telco’s subsidiary
      408 words
    • Article
      Lock icon F&N appoints advisers for Thai takeover offer
      105 5 FRASER and Neave has appointed Goldman Sachs (Singapore) as financial adviser to advise its board on the general offer made by TCC Assets. It has also appointed JP Morgan (South-East Asia) as independent financial adviser to advise the independent directors. A circular containing
      105 words
    • Article
      Lock icon Benny Kwan denies sexual harassment
      743 7  -  Former chairman of Pacific Healthcare says nurse invited him to call her By GRACE LEONG A FORMER executive chairman of mainboard-listed Pacific Healthcare Holdings Ltd, challenging sexual harassment claims brought by a dental nurse, says she told him she was “not uncomfortable” with his calling
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    • Article
      Lock icon Keppel T&T, Midas, Old Chang Kee support Corporate Governance Week
      270 7 THE Securities Investors Association (Singapore) (SIAS) will hold the third Singapore Corporate Governance Week from Oct 1 to 5. A key feature of the week-long programme is a “Statement of Support” to be signed by corporates to uphold and advance
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    • COMPANY BRIEFS
      • Article
        Lock icon KepLand raises stake in Kingsdale to 86%
        128 7 KEPPEL Land, through Kingsley Investment, is taking an additional 36 per cent stake in Kingsdale Development, raising it to 86 per cent. The vendors are Hong Lim Investments, Prime Growth Investments and Penfield Company. The consideration is US$38.6 million. Keppel Land’s existing 50
        128 words
      • Article
        Lock icon Mirach Energy closer to drilling in Cambodia
        82 7 MIRACH Energy is a step closer to commencing oil drilling in offshore Cambodia. The energy exploration and production company announced yesterday that its associate company CPHL (Cambodia) has signed a drilling environmental impact assessment (EIA) contract with two environmental consulting firms. The firms,
        82 words
      • Article
        Lock icon Wilmar unit sets up venture with Kellogg
        80 7 WILMAR International’s wholly owned subsidiary, Yihai Kerry Investments Co Ltd, will establish a 50:50 joint venture with Kellogg Company for the manufacture, sale and distribution of cereal, wholesome snacks and savoury snacks in China. “China’s snack-food market alone is expected to reach an
        80 words
    • Article, Illustration
      Lock icon Ezion’s US$283m deals spark analyst upgrade
      415 8  -  DMG raises earnings forecast for FY14, ups target price from $1.37 to $2.02 By ANGELA TENG EZION Holdings has secured a US$201 million rig charter contract and received a letter of intent (LOI) for another contract worth up to US$82.1 million, prompting an analyst
      FILE PHOTO  -  415 words
    • Article
      Lock icon Asia hedge funds find fastest GDP growth not helping returns
      1176 8 Bloomberg [SINGAPORE] The world’s fastest economic growth isn’t helping Asia’s hedge funds. The Eurekahedge Asian index tracking 395 hedge funds returned 1.6 per cent this year through August, the worst performer among regions and about half the 3.2 per cent
      Bloomberg  -  1,176 words
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      88 5 Ovi VISIT KOREA YEAR m fB S ii i-ni |h— r-" J L Experience the pleasure of business on a whole new scale f- Indulge your imagination as you recline into your most comfortable position, from upright to fully flat, in our new business class Prestige Sleeper Seat. Treat your
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ThaiBev, AusGroup in play
      551 6  -  S I drifts while the two situational plays provide some relief in what is otherwise another boring session STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday drifted to a 0.8-point loss at 3,067.13 with situational plays Thai Beverage and AusGroup helping to elevate
      Source: Bloomberg  -  551 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 43 53 44 4 5 8 47 58 52 Commerce 26 22 15 2 3 5 28 25 20 Tpt/Stor/Comms 17 12 10
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,926 26,926 44,602 44,602 Manufacturing 368,054 39,064 407,118 261,908 689 262,598 Commerce 122,650 16,439 139,089 89,744 860 90,604 Tpt/Stor/Comms 74,379 17,064 91,443 110,404 5,249 115,652 Finance 41,371 1,799 43,170 163,797 791 164,587 Construction 90,243 2,409
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.630 -0.010 CapitaLand 3.170 +0.020 CapitaMall 1.970 +0.005 CityDev 11.590 ComfortDelGro 1.685 -0.005 DBS Grp 14.380 +0.030 F&N 8.890 GLP 2.580 -0.020 Genting SP 1.385 +0.005 Golden Agri 0.640 -0.010 HK Land 6.000 -0.030 IHH Healthcare 1.285
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Sep 25 VALUE CLOSE BT OB/OS 550.00 +30.00 BT CADI -*****.00 +35.00 BT 10-day MA -*****.00 +55.00 FTSE ST Mid Cap 732.29 -0.85 FTSE ST Small Cap 496.82 +2.00 FTSE ST All Share 748.17 -0.14 FTSE ST China Top 202.05 -0.38 FTSE ST China 219.67 +0.06 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Golden Agri 192,370,000 Thai Beverage 127,241,000 AusGroup 98,675,000 SingXpress 76,814,000 *TanChongInt 61,080,000 Yoma 50,998,000 Jason Parquet 40,081,000 GSH Corp 27,883,000 Xpress 24,531,000 Noble Grp 23,755,000 VALUE($) Golden Agri 122,750,371 IS MS India 100US$ 71,909,091 Wilmar 59,394,330 Thai Beverage 53,693,445 UOB 48,909,970 DBS Grp 47,355,300 AusGroup 45,522,705
      57 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      818 6  -  Compiled by CAI HAOXIANG Tiger Airways Sept 25 close: S$0.77 DBS Group Research, Sept 25 TIGER Australia’s operations are improving. With the addition of an 11th aircraft to its fleet, it will be flying 64 sectors a day from next month, compared to 60 pre-suspen-sion. Load factors have
      Source: Bloomberg  -  818 words
    • Article, Illustration
      Lock icon Report of legal checks on ECB bond plan hurts euro
      606 6 CURRENCIES Reuters [LONDON] The euro fell yesterday on a media report that Bundesbank lawyers were checking the legality of the European Central Bank bond-buying plan, with uncertainty about when Spain would seek aid set to keep it under pressure. The
      Reuters; AFP  -  606 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP IS S&P500 ***** 373.0 2.1 DBXT AUD Bonds 5AU$ ***** 226.4 1.0 GLD 10US$ ***** 106.8 0.5 DBXT MSJAP 10US$ 3603 38.0 0.9 DBXT MSEurope 10US$ 4610 22.1 0.4 Great Eastern 1498 22.0 1.5 Hyflux 6% CPS 10 ***** 20.0 0.2 CIMBASEAN40 100S$D 1312 12.0
      114 words
    • Article
      Lock icon FALLS
      114 6 BY CENTS CLOSE DOWN JMH 5565 -141.1 -2.0 Jardine C&C 4880 -34.0 -0.7 STXPO 100 450 -25.0 -5.3 IS ASIA HYG100S$D 1337 -14.0 -1.0 DBXT S&P Short 10US$ 3467 -11.0 -0.3 DairyFarm 1112 -11.0 -0.8 Isetan 470 -10.0 -2.1 UOL 570 -10.0 -1.7 Creative Tech 308 -9.0 -2.8 FirstRes
      114 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      186 7 SMU Master of Science in Applied Finance -i Lee Kong Chian School of Business Established in 2002, the SMU Master of Science in Applied Finance (MAE) is a career-oriented programme designed to provide students with cutting-edge knowledge and competency to meet the challenges of an increasingly complex global market and
      186 words
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      Lock icon Page 7 Advertisements Column 2
      99 7 1 m k Basement JERRY LUM Snr Marketing Director, MBA, CBS CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K Wh»n You Buy. Soil, or Rent m3eF HOROLOGICAL LAB LEGACY MACHINE N °I UNIQUE FLYING BALANCE WHEEL AND VERTICAL POWER RESERVE COMPLETELY
      99 words
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      2257 8 GuocoLeisure Limited A Member of the Hong Leong Group (Company Registration No. *****) (Continued in Bermuda as an exempted company) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 51st Annual General Meeting of GuocoLeisure Limited ("Company”) will be held at 80 Raffles Place #25-01, UOB Plaza 1,
      2,257 words
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore, Russia looking at tie-ups in social areas
      509 9  -  Russians keen to learn about targeted assistance, sustainable finance By ZEINAB YUSUF SAIWALLA MALMINDERJIT SINGH TIES between Russia and Singapore look set to deepen, as government-to-gov-ernment collaborations in social areas develop along with new areas being identified for business cooperation. At the
      509 words
    • Article, Illustration
      Lock icon Tiger Airways turns 8, arrives at T2 with a roar
      136 9  -  By Ven Sreenivasan TIGER Airways roared into Terminal 2 and celebrated its 8th birthday with a “Den Party” next to its new check-in counter at row 12. Following an overnight shift from the Budget Terminal (which is being demolished to
      136 words
    • Article
      Lock icon ACCA makes Leong Soo Yee its new country head
      248 9  -  By JASMINE NG THE Association of Chartered Certified Accountants (ACCA) has appointed Leong Soo Yee as head of its Singapore business with immediate effect. Before joining ACCA, Ms Leong spent three years at AIA Singapore, where she held key positions in
      248 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon WDA training in food manufacture
        130 9 THE Singapore Workforce Development Agency has introduced the Workforce Skills Qualifications (WSQ) in Food Manufacturing specialisation to raise employee competencies in food safety and hygiene, food packaging and general workplace productivity. WDA said it has set aside $1 million to fund course fees and provide
        130 words
      • Article
        Lock icon JP Morgan to invest in Zalora
        84 9 JP MORGAN Asset Management will invest in online fashion retailer Zalora Singapore. It also extended the investment to seven other sister companies in Hong Kong, Indonesia, Malaysia, Philippines, Taiwan, Thailand and Vietnam. The seven-month-old venture is supported by owner Rocket Internet, Summit Partners and
        84 words
    • Article
      Lock icon Acra gives non-compliant directors a break
      502 9  -  Those who complete the Directors Proficiency Programme might even pay less in fines incurred By CAI HAOXIANG COMPANY directors who break corporate regulatory laws are getting a second chance from the Accounting and Corporate Regulatory Authority (Acra). Not only do they get trained for
      502 words
    • Article
      Lock icon S’poreans buy more luxury homes this year
      583 9  -  By ZEINAB YUSUF SAIWALLA AFTER a short lull in the first quarter of this year, Singaporeans seem to be trotting back to the luxury property market, with the total number of units purchased by them so far this year surpassing the total number
      583 words
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      52 9 WEaRE 1 t ■Samsung Galaxy Note 10.1!, Take a photo with any mention of '5' Siblog.omy.sg/birthday Contest ends 23 Sept 2012. Air Con Services Des\gners T Vow Find it STDirectory E Ef! 0 \nter\or QecoraW I LA STD IR ECTO RY,sg Search from 16 categories with results showing maps, addresses
      52 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Rising per capita incomes drive car demand in Indonesia
      482 10 [JAKARTA] Domestic demand for cars in Indonesia is going to increase dramatically by 275 per cent by 2025, driven by rising per capita incomes, robust economic growth and urbanisation, a consulting group was quoted as saying yesterday. The ratio of local
      BLOOMBERG  -  482 words
    • Article
      Lock icon IJM buying up to 25.08% Scomi stake; shares dive
      489 10  -  Scomi shares jump 8.6%; analysts upbeat on plan, cite business synergies By S JAYASANKARAN By in Kuala Lumpur CONSTRUCTION firm IJM Corporation is buying a stake in oil services, rail and logistics company Scomi Group of up to 25.08 per cent
      489 words
    • Article
      Lock icon M’sia mulls high-speed link to Thailand
      423 10 Trains could run from KL to other S-E Asian countries too [KUALA LUMPUR] Malaysia is studying the possibility of linking the high-speed rail (HSR) system from Kuala Lumpur to Thailand, and to other South-east Asian countries, says Transport Minister Datuk Seri Kong Cho Ha.
      423 words
    • Article
      Lock icon Ex-Bumi plc CEO quits board in wake of probe
      662 10 Ari Hudaya is also president-director of Bumi Resources Bloomberg [LONDON] Bumi plc, the London-listed coal venture founded by Nathaniel Rothschild, said that former chief executive officer Ari Hudaya has quit the board, after it started a probe into “irregularities” at its
      Bloomberg  -  662 words
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      477 10 JACKPOT Estimated Draw on Thu, 27 Sep 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Always play with care. [responsibiyf Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MANUFACTURING INTEGRATION TECHNOLOGY LTD (Incorporated with the Republic of the Singapore with
      477 words
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      Lock icon Page 10 Advertisements Column 2
      363 10 AC Quant société d’investissement à capital variable Registered office: 5, Heienhaff, L-1736 Senningerberg Grand Duchy of Luxembourg R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the “Company”) are hereby invited to attend the GENERAL MEETING OF SHAREHOLDERS which will be held at 11 am on 4 October 2012 at
      363 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China parades its first aircraft carrier amid rising tensions
      398 11 AFP [BEIJING] China’s first aircraft carrier entered service yesterday, the defence ministry in Beijing said, as the country expands its blue-water fleet at a time of increasing maritime tensions in the region. The ministry named the 300-metre vessel, a former Soviet
      AFP; AP  -  398 words
    • Article
      Lock icon Three Indian oil firms bid for ConocoPhillips’ Canada assets
      266 11 Reuters [NEW DELHI] A trio of state-controlled Indian oil companies yesterday said it has bid US$5 billion for stakes in Canadian oil sands assets owned by ConocoPhillips, in what could be the next major test of Canada’s appetite for foreign investment
      Reuters  -  266 words
    • Article
      Lock icon India bails out state-owned power distributors
      339 11 But analysts say plan does not address need for reforms Reuters [NEW DELHI] India approved a plan on Monday to bail out cash-strapped power distributors saddled with more than US$35 billion in debt, but which analysts said offered little to reform a sector whose
      Reuters  -  339 words
    • Article
      Lock icon China’s wealth gap likely to stay in danger zone
      562 11 Urgent need to distribute income from state-owned enterprises: adviser Bloomberg [BEIJING] China’s income gap will persist at a “dangerously” high level over the coming decade, putting pressure on the nation’s incoming leaders to curb corruption and state control of industries, according
      Bloomberg  -  562 words
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      77 11 A FRESH TASTE OF ITALY AT PREGO Say ‘Benvenuto!’ to Prego’s new Chef de Cuisine Antonio Facchinetti. With strong emphasis in hand-crafted pasta using traditional techniques, honed by years of international influence, Chef Antonio’s culinary renditions embrace authentic Italian flavours of unsurpassed quality, using the finest and freshest ingredients. For
      77 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon IMF hints at trimming global growth forecast again this year
      607 12 It lauds central banks’ efforts to ease financial woes, help world recovery NYT [WASHINGTON] Christine Lagarde, the managing director of the International Monetary Fund (IMF), on Monday warned that the institution would probably cut its estimates of global growth yet
      NYT; AP  -  607 words
    • Article, Illustration
      Lock icon S Korea budgets stimulus spending in 2013
      433 12 [SEOUL] The South Korean government proposed yesterday a 2013 budget that includes bigger spending on infrastructure, job creation and welfare as it seeks to mitigate the impact of the global economic slowdown. The proposal to be presented to parliament by next month calls
      BLOOMBERG  -  433 words
    • Article, Illustration
      Lock icon No sign of reform as N Korean parliament meets
      546 12 AFP [SEOUL] North Korea’s parliament yesterday held a rare session, presided over by Kim Jong-Un, which had been expected to confirm an apparent push by the new, young leader to introduce limited economic reforms. The country has one of the world’s
      AFP  -  546 words
    • Article
      Lock icon Aussie banks doing fine, says RBA, but warns them to shun risk
      618 12 Reuters [SYDNEY] Australian banks are well placed to cope with any shocks from abroad, the country’s central bank said yesterday, though it also warned them against taking inappropriate risks in order to achieve unrealistic profit goals. In its
      Reuters  -  618 words
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      195 12 In this seminar, you will learn the methods and steps to construct your own profitable yet sound “DIY” portfolio. You will learn how to get trading ideas using the market scanners, analyse the stocks in the result list using the different financial ratios and from there, create your own investment
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      13 12 I 3 SINGAPORE'S Horresr hits rs HEAR rnewAurep's HOTTEST HITS ONHOTFM 91.3 0.
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  • WORLD
    • Article
      Lock icon Japan Post’s mortgage plan a threat to regional banks
      737 13 The postal bank seeks to diversify its assets away from government bonds Bloomberg [TOKYO] Japan Post Bank Co plans to deploy some of its US$2.3 trillion in deposits in the nation’s mortgage market, challenging regional lenders already suffering from the lowest
      Bloomberg  -  737 words
    • Article
      Lock icon US order on cybersecurity in the works
      599 13 Move to protect power plants and banks from hackers Reuters [SAN FRANCISCO] The White House is preparing to direct federal agencies to develop voluntary cybersecurity guidelines for owners of power, water and other critical infrastructure facilities, according to people who said they had
      Reuters  -  599 words
    • Article, Illustration
      Lock icon NEW FACE OF LOUIS VUITTON
      76 13 LOUIS VUITTON has roped in American swimming legend Michael Phelps to star in its Fall/Winter 2012 advertisement campaign. One of the advertisements shows a Speedo-clad Phelps in a bathtub, with his blue jeans spilling out of an LV bag. Another shows him lounging with former
      PHOTOS: LOUIS VUITTON  -  76 words
    • Article
      Lock icon Thailand posts sharper fall in August exports
      234 13 Reuters [BANGKOK] Thailand’s exports in August fell 6.95 per cent from a year earlier, worse than expected, as Europe’s deepening debt crisis and slowdown in key markets such as China, took their toll on the country’s shipments. Thailand’s export-reli-ant economy has been hit
      Reuters  -  234 words
    • Article, Illustration
      Lock icon Yingluck will avert political crisis: Thaksin
      469 13 He expects plans to rewrite constitution to be dropped Bloomberg [BANGKOK] Former Thai premier Thaksin Shinawatra said his sister’s government will avoid conflicts like those that led to his ouster in a 2006 coup, even as it presses ahead with efforts to curb the
      Bloomberg  -  469 words
    • Article, Illustration
      Lock icon Olympus former chairman admits to covering up losses
      495 13 Bloomberg [TOKYO] Olympus Corp’s former chairman Tsuyoshi Kikukawa pleaded guilty to covering up losses at the Japanese camera maker in an accounting fraud case that sparked criticism of ineffective corporate governance in Japan. “The entire responsibility lies with me,” Kikukawa said in
      Bloomberg; AP  -  495 words
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      Lock icon Asian pension systems need reforms: ADB
      613 14  -  Current schemes may not be able to cope with fast ageing populations, it warns By ANTHONY ROWLEY in Tokyo THE Asian Development Bank (ADB) has warned that pension systems in Asian countries may be unable to cope with the strain of rapidly ageing populations
      613 words
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      Lock icon Monetary stimulus not enough: G-20
      786 14 Officials urge govts to step up efforts to boost growth Reuters [MEXICO CITY] Central bank stimulus is not enough to fix the ailing global economy and governments must increase their efforts to boost growth, Group of 20 officials agreed on Monday. Deputy finance ministers and
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    • Article
      Lock icon Iron ore prices slide on weak China demand
      534 14 Reuters [SINGAPORE] Sellers of imported iron ore cargoes to top buyer China cut prices for a third day yesterday as weak demand pushed the benchmark rate to a one-week low, as the near-term outlook for the steel market remained weak despite recent
      Reuters  -  534 words
    • Article
      Lock icon Lawyers strike gold amid Wall St scams
      565 14 NYT [NEW YORK] Bank executives, investors and customers have suffered as a string of scandals hit Wall Street but one group is thriving: lawyers. Called upon to navigate crisis after crisis, the whitecollar bar is having a banner year with cases such as
      NYT  -  565 words
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      Lock icon San Francisco could allow shoebox apartments
      408 14 AP [SAN FRANCISCO] This city may soon give new meaning to the word “downsizing”. City administration officials, called “supervisors”, were set to vote yesterday on a proposed change to the city’s building code that would allow construction of among the tiniest apartments in the
      AP  -  408 words
    • Article
      Lock icon French industrial confidence holds near 2-year low
      437 15 Stagnant economy, looming tax increases keep sentiment grounded Bloomberg [PARIS] French industrial confidence held near its lowest in more than two years in September as the economy stagnates and tax increases loom. A measure of sentiment among factory executives was unchanged at 90,
      Bloomberg  -  437 words
    • Article, Illustration
      Lock icon Sanofi may cut up to 900 jobs in 3 years
      548 15 Bloomberg [PARIS] Sanofi, France’s biggest drugmaker, said that it may eliminate as many as 900 jobs within three years as part of a strategy to trim operations in its home market. The Paris-based company hasn’t reached a decision on the
      Bloomberg; AFP  -  548 words
    • Article, Illustration
      Lock icon Greek leaders angry that IMF wants more cuts
      879 15 NYT [ATHENS] As Greece enters a pivotal week in its economic crisis, tensions between the Greek government and the country’s international lenders have reached a boiling point. The government is resisting a push by the International Monetary Fund (IMF) to impose additional
      NYT; AP  -  879 words
    • Article
      Lock icon Denmark’s Vestjysk Bank sacks its CEO
      457 15 Bank had to write down a further 600m Danish kroner Reuters [COPENHAGEN] Denmark’s Vestjysk Bank sacked its chief executive yesterday after it had to write down a further 600 million Danish kroner (S$127.8 million) to cover risky property and farm loans. Danish banks have
      Reuters  -  457 words
    • Article
      Lock icon Microsoft faces EU fines over browser breach
      302 15 AFP [BRUSSELS] US software giant Microsoft faces yet more heavy fines after it promised to offer clients a choice of web browser but has failed to do so, the EU’s competition commissioner said on Monday. Microsoft apologised in July for a “technical error”
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      117 15 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Tuan Sing Holdings Limited *****39 Fang Swee Peng 1,000 -do-*****56 -do-1,000 ComfortDelGro Corporation *****45 Richard Victor 2,673 Limited -do-*****38 Tan Kim Hoe 12,698 SBS Transit
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  • EDITORIAL & OPINION
    • Article
      Lock icon QE3 poses challenges for policymakers
      510 16 EDITORIAL ONE of the reservations about the third round of quantitative easing (QE3) unleashed by the US Federal Reserve on Sept 13 relates to its potential effects on emerging market economies as well as on others in Asia, like Singapore, which are not officially classified
      510 words
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      Lock icon US has to do its bit to keep dispute over islands at bay
      775 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 DURING anti-Japanese protests in Beijing last week, a group of about 50 demonstrators surrounded the car of the
      775 words
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      Lock icon Planting in growth regions as a hedge
      1060 16  -  German specialty chemical group Lanxess covers all its bases RONNIE LIM Energy Editor ‘IT’S the right time and place for us,” a Lanxess executive declared at last Monday’s inauguration of the German specialty chemical group’s first US high-tech plastics investment in Gastonia, outside
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      Lock icon What it looks like, with 42 days to go
      1273 17  -  Unless the gaffe-prone Republican challenger can get his act together, it’ll be an Obama White House for 4 more years LEON HADAR Washington Correspondent VETERAN reporters who have covered several US presidential campaigns and the political operators who worked on them
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      Lock icon Growth of China, India over 20 years: a comparison
      640 17  - Growth of China India over 20 years: a comparison STAT SPEAK By BHANOJI RAO Formerly with the National University of Singapore and the World Bank, the writer is an Honorary Professor at the Administrative Staff College of India and Governing Board Member of GIT AM University (Visakhapatnam and Hyderabad). Contact
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  • TransportHUB
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      Lock icon Pondering bunkering, other big issues
      957 18  -  Next month’s international bunkering conference here will feature some novel topics among the wide range to be covered STRAIT TALK By DAVID HUGHES THIS year’s Singapore International Bunkering Conference and Exhibition (SIBCON) at Resorts World Sentosa is going to be a massive event. The organisers
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    • Article
      Lock icon Westports may issue sukuk of up to RM500m in Q4
      447 18 [KUALA LUMPUR] Westports Malaysia Sdn Bhd, one of two main maritime gateways in Port Klang, is expected to make a second issuance of sukuk of RM400 million (S$160 million) to RM500 million from its RM2 billion sukuk programme in the
      447 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 18 SGX '000 SEP 25 S$ +/-Vol CH Offshore 0.48 0.01 1630 Chuan Hup Hldg 0.26 0.01 210 Cosco Corp 0.97 0 2231 s$ First Ship Lea 0.12 0 247 Freight Links 0.07 0 1850 Grand Banks 0.36 -0.01 37 Jaya Hold Ltd 0.57 -0.01 128 K1Ventures 0.13 0
      244 words
    • Article
      Lock icon Seadrill of Norway orders US$600m drillship
      358 18 Reuters Bloomberg [OSLO] Norway’s Seadrill has ordered another ultra-deepwater drillship, boosting its order book to 19 units as it takes advantage of low shipyard costs and a boom in offshore oil and gas exploration. Oslo-listed Seadrill, the world’s biggest driller by market capitalisation, said
      Reuters; Bloomberg  -  358 words
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      Lock icon VLCC glut, rates fall most in 2 months
      345 18 Bloomberg [LONDON] Charter rates have dropped the most in more than two months for the biggest oil tankers on the industry’s busiest trade route as vessels outnumbered cargoes. Hire costs for very large crude carriers (VLCCs) on the benchmark Saudi Ara-bia-to-Japan voyage
      Bloomberg; BLOOMBERG  -  345 words
    • TRANSPORT HUB: AVIATION
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        Lock icon Boeing-Airbus subsidy dispute may sour EADS-BAE merger
        741 19 All eyes on Boeing, other US-based suppliers as BAE seeks US support Reuters [PARIS] A huge transatlantic clash over trade subsidies could sour efforts to get a US$45 billion merger of Europe’s EADS and BAE Systems plc approved in the United States, former
        Reuters; REUTERS  -  741 words
      • Article, Illustration
        Lock icon Red flag over near misses on the runway
        922 19 Mistakes cause 1,000 incidents a year on runways NYT [NEW YORK] Southwest Airways Flight 844 from Minneapolis had just landed at Chicago’s Midway International Airport in December and was about to cross a runway on its way to the terminal when the
        NYT; AP  -  922 words
      • Article
        Lock icon Report on O’Hare mid-air misses raises concerns
        658 19 AP [CHICAGO] US federal aviation officials released a preliminary report on Monday about two near midair collisions at Chicago’s O’Hare International Airport that raises questions about air traffic control at one of the world’s busiest airports. The report released by the National Transportation
        AP  -  658 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Globalisation led to Pirelli’s focus on tyres
        526 20  -  Company says it will remain a pure tyre business and has no plans to diversify By SAMUEL EE PIRELLI’S decision to focus solely on its tyre business is essentially a “response to globalisation”. Its chairman and chief executive Marco Tronchetti Provera said: “In
        PIRELLI/REUTERS  -  526 words
      • Article
        Lock icon Hyundai starts auto finance unit in China
        742 20 Vehicle purchases on loan likely to triple in China by 2017 Bloomberg [SEOUL] Hyundai Motor Co, South Korea’s largest carmaker, will start providing car loans this month to buyers in China as it seeks to increase the share of sales in the world’s
        Bloomberg  -  742 words
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      38 18 BreadTalk opens 4G concept store in Shanghai Outlets across China to exceed 500 within two years China to exceed 500 within two ye is* 0 m ns fiii' is To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg 500
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      386 19 CRYPTIC CROSSWORD Across 1 Special traffic arrangement would do for wolf maybe! (10) 9 See 19 Down 10 Burden I had laid down by Thames maybe as one helping passenger? (4-6) 11 Mad character to yap, putting leader off (6) 12 Endlessly irritated by draught perhaps in castle (7) 15
      386 words
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      426 20 at OUTLOOK of PROPERTY MARKET ■5012/2013 TRENDS, OPPORTUNITIES PITFALLS STPROPERTY Seminar 2012 Meet industry experts and uncover in-depth real estate knowledge V Gain insights on the current property scene V Identify emerging trends in real estate WHO SHOULD ATTEND: HOME OWNERS PROPERTY INVESTORS PRIVATE PROPERTY BUYERS HDB UPGRADERS It's no
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3111 21 Transaction date: Sep 25 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 145 92.5 AIMSAMPIReit 141 +2 1537
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      Lock icon SGX CATALIST
      210 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.9 unch 500 1.9 1.9 1.9 2 25.2 Day Last Quote Div Gr Yld Net M
      210 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8051 22 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI 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 Mat Asia Limited FM local Ccy Bond .0
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    • Article
      Lock icon GLOBALQUOTE
      193 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 25.5 Genting HK US$ US33 unch 5461 33.5 33 33 33.5 2172.9 Sale 228 168 TanChongInt HK220 +11 ***** 228 209 219 221 4.3 3.2
      193 words
    • Article
      Lock icon SGX ETF
      937 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124.9 114.4 ABF SG Bond ETF 120 13 120 120 118.2 120 547.8 127.1 120.4 CIMB APAC Div 100S$D 127 125.5 126.7 103.1 95.8 CIMB APAC
      937 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      635 23 Sep 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9031.37 9112.54 9023.63 Dec12 8980.00 9050.00 8940.00 9005.00 ***** *****4 Mar13 8950.00 8955.00 8950.00 8990.00 39 463 MSCI TAIWAN INDEX FUTURES SPOT 276.09 276.94 274.48 Sep12 276.70 277.70 275.30 275.80 ***** *****8 Oct12 276.70
      635 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Sep 24 Index Change Change Change Change Change Change World Preliminary 928.2 -0.4 11.9 -0.1 6.6 -0.5 12.6 EAFE Preliminary 737.9 -0.5 8.2 -0.3 3.6 -0.7 9.4 Europe Preliminary 1122.0 -0.5 9.3
      373 words
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      Lock icon SMX MARKET UPDATE
      121 23 As on 24 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 588.95 586.80 587.80 136 GOLD FUT DEC2012 1765.50 1758.70 1764.70 58 INDIA GOLD (E-GOLD) FUT DEC2012 587.60 587.60 593.30 2 CURRENCY EUR-USD FUT DEC2012 1.2983 1.2903
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    • Article
      Lock icon CHICAGO BOT
      107 23 Sep 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1610.00 1621.75 1626.00 1590.25 Jan 13 1611.00 1622.00 1625.75 1591.00 Mar 13 1572.25 1579.50 1583.75 1552.00 May 13 1520.25 1526 1529 1500 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 53.76
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Sep 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.55 -1.41 WTI (Near Mth) 91.64 -1.15 Dubai (1-Mth F) 106.89 -0.54 Tapis blend 114.47 -0.43 Minas 109.62 -0.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.17 0.56 Jet Kerosene 129.16 -0.01 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 23 Sep 25 S$ Bid Offer 1-month 1.2270 1.2272 2-months 1.2270 1.2272 3-months 1.2270 1.2271 6-months 1.2267 1.2269 Source: OCBC Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 23 Sep 24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2057.50 2107.50 3 months 2080.00 2116.00 Copper, Grade A(US$/tonne) Cash 8176.50 8277.00 3 months 8183.00 8281.50 Lead(US$/tonne) Cash 2258.75 2280.00 3 months 2267.00 2288.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon LIFFE
      79 23 Sep 24 COCOA (£/tonne) Close Prev High/Low Dec 12 1583 1626 1624/1577 Mar 13 1575 1613 1611/1568 May 13 1582 1618 1616/1576 Jul 13 1588 1623 1620/1581 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2084 2083 Nov 12 2084 2083 2088/2039 Jan 13 2102 2099 2105/2056 Mar 13 2114 2112
      79 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1061 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 598 5.38 20 Conv Ratio Baker Technology Ltd W*****6 0.8 1 32 -1 41.25 2 Price Best World Intl Ltd W*****5 0.3 1 30 80
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Sep 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.021 6.579 0.808 8.084 55.672 99.886 0.811 11.668 3.200 1.264 98.567 43.531 1.279 8.550 0.977 30.612 32.260 0.641 1.043 Canada 0.980 6.446
      470 words
    • Article
      Lock icon SIBOR
      60 23 Sep 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      137 23 Sep 25 GOLD(US$/oz) Sep 25 Sep 24 Hong Kong 1775.00 1757.00 Sep 24 Sep 24 Sep 21 London 1763.70 1771.59 1764.70 1772.55 Source: Thomson Reuters CAST BAR Sep 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 167 70 5gm 476 348 10gm
      137 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 23 Sep 25 Sep TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.3 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.98 5-Year N*****0Z 2.375 01-Apr-17
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    • Article
      Lock icon PALM OIL
      57 23 Sep 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2460.0 2539.0 2540.0 2460.0 404 3497 Nov 12 2578.0 2605.0 2609.0 2544.0 4522 ***** Dec 12 2632.0 2669.0 2676.0 2607.0 ***** ***** Jan 13 2706.0 2738.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Sep 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2793 1.2795 1.0426 1.0427 Canadian dollar 1.2529 1.2538 1.0218 1.0211 Euro 1.5827 1.5831 1.2899 1.2901 NZ dollar 1.0119 1.0126 0.8247 0.8252 Sterling pound 1.9944 1.9947 1.6254 1.6255
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Sep 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.309 1.247 Can dollar 1.284 1.223 Euro 1.625 1.548 Sterling pound 2.029 1.951 NZ dollar 1.037 0.988 US dollar 1.244 1.197 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      160 23 Sep 25 $S Offer Bid 0vernight 1/16 1/32 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.20 US$ Offer Bid 7 days 0.25 0.15 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 0.95 0.75 12
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  • Article
    Lock icon The Business Times Shipping Times
    3451 24 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
    3,451 words
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      149 25 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 Shipping Times CALL JOE WONG AT 9620 1327 Sif ?‘S r *35 f Award Wins Certifications Come publicise
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      38 26 FM klSS92 All the great songs in one plac LiAJ& JLtLA^? rm m m urn (ttS) Share your first kiss with Kiss92 and an Estee Lauder Pure Color lipstick could be yours! kiss92.sg Bfacebook.com/kiss92fm Q@kiss92fm Partner: ESTEE LAUDER
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      229 27 SAXO CAPITAL MARKETS A TRADER'S BEST CALL www.saxomarkets.com.sg Great minds trade alike. 430,000 counting, as a matter of fact. LarJ It's no surprise that SaxoTrader is the leading online platform choice for 430,000* experienced traders around the world when it comes to making the right call. With Saxo's rich tools,
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  • executive Money
    • Article, Illustration
      Lock icon The ‘sweet and sour’ of Asian equities
      1213 28  - The ‘sweet and sour of Asian equities They may provide attractive returns in the long run, but only for investors who can tolerate the periodic violent swings MONEY MATTERS EDDY LOH The writer is equity strategist at Barclays STOCKS of the emerging Asian countries (that is Asia excluding-Japan) have been
      Source: Bloomberg, Barclays  -  1,213 words
    • EXECUTIVE MONEY
      • Article, Illustration
        Lock icon How S’pore PM got America right
        893 26  -  Most Americans believe China is the world’s leading economy, but reality is that US’ bounce-back is already underway RUCHIR SHARMA The writer is head of Emerging Markets and Global Macro at Morgan Stanley Investment Management and the author of ‘Breakout Nations: In Pursuit of
        AP  -  893 words
      • Article, Illustration
        Lock icon Leverage rising most since 2009, as bond sales surge
        1298 26 Issuers are taking advantage of record-low borrowing costs Bloomberg [NEW YORK] Four years after the worst financial crisis since the Great Depression led US junk-rated companies to shore up cash and cut debt, leverage is increasing by the most since 2009
        Bloomberg; BLOOMBERG FILE PHOTO  -  1,298 words
      • Article, Illustration
        Lock icon UOB emerging market bond fund shines
        754 27  -  Asset size jumps to $593m as at end-August from $142m a year ago BY GENEVIEVE CUA THANKS to Asians’ voracious appetite for income, the asset size of the United Emerging Market Bond Fund has quadrupled over the past year. At end-August, the fund, which
        754 words
      • Article
        Lock icon Harvesting the crop of shares after QE3 flood
        800 27  -  By PAUL J LIM The writer is a senior editor at Money magazine NYT DON’T fight the Fed, the saying goes. In the current circumstances, with the Federal Reserve using monetary policy to try to spur economic growth, the adage implies that
        NYT  -  800 words
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      319 28 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. Open
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      25 1 WealthSeptember 2012 TAKING THE ALTERNATIVE ROUTE THIS EDITION LOOKS AT STRATEGIES IN THE ALTERNATIVES SPACE FOR INVESTORS LOOKING TO DIVERSIFY THEIR PORTFOLIO AND DAMPEN VOLATILITY
      25 words
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      165 3 V, sky i n e orchardboulevard FOR YOUR EXCLUSIVE ENJOYMENT, THE FINEST VIEWS OF ORCHARD ROAD. From tranquil greenery to lively views of Orchard Road, enjoy the best of both worlds at Skyline Orchard Boulevard. With every exquisite residence crafted precisely to your requirements, create a world that makes your
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      162 4 contents Give weight to real estate Plan for a diversified and balanced asset portfolio comprising both property and liquid assets 10 12 Surviving a broken world Investors need to navigate carefully between market volatility and monetary expansion 12 14 September 2012 22 18 Barbarians at the Asian gate Private equity
      162 words
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      57 5 Credit Suisse i rs nil v3:- V ‘V i' T nr g r ns f LUU 1 i m tras ■0 U I i EVOliil PRIVATE BANKING SURVEY 2012 Looking to the future since 1856. Your future. Credit Suisse. Winner of Euromoney’s Private Banking Awards 2012: "Best Private Bank" Worldwide,
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  • Wealth
    • Article
      Lock icon Untitled
      24 6 38 Losing their lustre The days of reaping huge returns on golf club memberships are over but such clubs still retain their innate value
      24 words
    • Article, Illustration
      Lock icon Editor’s note
      706 8  -  By Genevieve Cua A GAINST a backdrop of a churning market, investors are increasingly hungry for investments which give them exposure to growth but can also temper the volatility. Alternative investments are an option; it’s a catch-all phrase of course. Not all alternative investments are growthoriented, and not
      PHOTO: iSTOCKPHOTO  -  706 words
    • ASSET ALLOCATION
      • Article, Illustration
        Lock icon GIVE WEIGHT TO REAL ESTATE
        1326 10  -  PLAN FOR A DIVERSIFIED AND BALANCED ASSET PORTFOLIO COMPRISING BOTH PROPERTYAND LIQUID ASSETS. BUT CONSIDER CAREFULLY THE USE OF LEVERAGE By Wilson Aw Wilson Aw is Head of UOB Private Banking ITH urbanisation gathering pace globally, real estate prices are rising rapidly in high density
        PHOTO: STOCK.XCHNG; Source:CEIC, Bloomberg, UOB Private Banking; Source: UOB Private Banking; Source: CEIC, Bloomberg, UOB Private Banking  -  1,326 words
    • INVESTMENT STRATEGY
      • Article, Illustration
        Lock icon Surviving a broken world
        1271 12  -  INVESTORS NEED TO NAVIGATE CAREFULLY BETWEEN ECONOMIC DYSFUNCTION AND MARKET VOLATILITYON ONE SIDE AND MONETARY EXPANSION AND INFLATION ON THE OTHER By Lim Say Boon Lim Say Boon is the Chief Investment Officer for DBS Group Wealth Management and Private Banking NVESTORS face the most difficult
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        1031 14  -  THERE IS CONSIDERABLE YIELD POTENTIAL IN EMERGING MARKET, INVESTMENT GRADE AND HIGH YIELD CORPORATE BONDS By Jim Cielinski, Clifford Lau Jim Cielinski is Head of Fixed Income, Threadneedle Investments Clifford Lau is Head of Asia Pacific Fixed Income, Threadneedle Investments C ONCERNS over the eurozone and the
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        931 16  -  MANAGER SELECTION IS KEY FOR AN INVESTOR TO REAP THE FULL BENEFITS OF SUCCESSFUL HEDGE FUND INVESTING By Joseph Pacini Joseph Pacini is Head of BlackRock’s Alternative Investments Strategy Group, Asia Pacific E ACH day investors are faced with questions like: What will happen to
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        941 18  -  THE PRIVATE EQUITY INDUSTRY IN ASIA IS FORGING AHEAD WITH A COMBINATION OF PUSH AND PULL FACTORS By MATHIEU PERFETTI Mathieu Perfetti is Investment Manager, Private Equity, Credit Agricole Private Banking T the end of 2011, Asian-focused private equity funds were estimated to be managing
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        971 20  -  ALTERNATIVE CREDIT STRATEGIES ALLOW ATACTICAL APPROACH, HELPING TO REDUCE PORTFOLIO VOLATILITY AND INCREASE FLEXIBILITY By Brad McCarthy Brad McCarthy is managing director, Permal (Singapore) The views expressed in this article are those of Mr McCarthy and do not necessarily reflectthe views of Permal orany of its
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        2480 22 OUR PANEL DISCUSSES ALTERNATIVE INVESTMENTS THAT CAN HELP MITIGATE MARKET VOLATILITYAND YET GENERATE DECENT RETURNS WITH markets roiled by negative news flow and sentiment, many investors are staying on the sidelines, shunning equities and preferring the safety of bonds. At the same time, there appears to be keen interest
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        1086 26  -  EUROPEAN ASSET-BACKED SECURITIES OFFER EXCEPTIONAL RETURNS WITH HIGH LEVELS OF SECURITY By Andrew Hendry Andrew Hendry is Managing Director for Asia, M&G Investments A SSET-BACKED securities (ABS) have had mixed press since the credit crunch. Blamed by some for being a major contributor to the crisis, shunned
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        1032 28  -  A LOOK AT THE PROSAND CONS OF THIS INVESTMENT APPROACH WHERE ASSETS ARE MANAGED BYATEAM OF PROFESSIONAL MANAGERS ACCORDING TO A MANDATE By Neo Teng Hwee Neo Teng Hwee is Head of Portfolio Management Singapore, Bank Julius Baer Co Ltd ISCRETIONARY portfolio management is a structured, personalised
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        1270 30  -  FOR THE UNDER-INSURED,THESE ARE COST-EFFECTIVE ALTERNATIVES TO HELP PLUG THE PROTECTION GAP. BUT MIND THE INFLATION RISK By William Cai William Cai is Vice-President of GYC, a financial advisory firm F you have a few insurance policies and think that you are well covered, well, think
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        675 32  -  A LOW-VOLATILITY ENVIRONMENT OFFERS PERFECT TIMING FOR CURRENCY HEDGING STRATEGIES By Marc Lansonneur Marc Lansonneur is Regional Head of Investment Teams and Market Solutions, Societe Generale Private Banking (Asia Pacific) ITH slower growth in emerging markets, the possibility of Greece’s exit from the eurozone and a fragile
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        1136 34  -  FACED WITH PUNITIVE POLICIES AT HOME AND LIMITED UPSIDE POTENTIAL, SINGAPORE INVESTORS ARE INCREASINGLY FINDING OVERSEAS MARKETS SUCH AS LONDON ATTRACTIVE By Chua Yang Liang Chua Yang Liang is Head of Research, South-east Asia, Jones Lang LaSalle CCORDING to the Jones Lang LaSalle Quarterly Residential Index for the
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        907 36  -  SOLID GROWTH IN INVESTMENT DEMAND CAN BE SUSTAINED IN THE COMING QUARTERS, PROVIDING GOOD SUPPORT FOR GOLD PRICES By Maggie Tsui Maggie Tsui is Managing Director, Deputy Head of Investment Services, Asia, BNP Paribas Wealth Management T HE gold market remained very volatile this year with
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        1114 37  -  HERE’S A BRILLIANT EXAMPLE OF HOW CHARITABLE TRUSTS, ADMINISTERED THROUGH A BANK TRUSTEE, HELPED FUND A CANCER BREAKTHROUGH IN SINGAPORE By James Aitken, Rita Sharma James Aitken is Managing Director, HSBC Private Wealth Solutions, South Asia Rita Sharma is Director and Head of Philanthropy, HSBC Private Wealth Solutions,
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        1184 38  -  THE DAYS OF REAPING HUGE RETURNS ON GOLF CLUB MEMBERSHIPS ARE OVER BUT SUCH CLUBS STILL RETAIN THEIR INNATE VALUE By Rahita Elias G OLF clubs are more than just a place to thwack, tap and coax a dimpled white ball into 18 holes past various obstacles.
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      151 6 CONTENTS September 2012 28 Why discretionary portfolios The pros and cons of this investment approach where assets are managed by a team of managers according to a mandate 32 36 30 Opt for term plans These are cost-effective alternatives to help plug the protection gap. But mind the inflation risk
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      26 7 WEALTH MANAGEMENT EXPERTISE THAT HAS BEEN PASSED DOWN OVER GENERATIONS OF COUTTS BANKERS. For generations of wealth management, Coutts. coutts.com INVESTMENT MANAGEMENT WEALTH PLANNING PRIVATE BANKING
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      116 9 IMAGINE A BANK Imagine a bank where your interests really do come fi rst. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine
      116 words
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      284 13 Maggie Tsui Deputy Head of Investment Services Asia BNP Paribas Wealth Management Looking to manage your own wealth by pulling the right levers Look no further 7tsf Sf as*;- ft AS WEALTH CONSULTANTS OUR FINANCIAL COUNSEL IS AT YOUR SERVICE Managing your own portfolio is empowering yet challenging at times.
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      102 15 WISDOM Definition; One's ability to select excellent investment or iving opportunities from Singapore's most awarded green developer. ONE SHENTON SHENTON WAY District 1. Choice of 3, 4-Bedroom, Sky Villas and Sky Suites available 99 years. Ready to move in. i 0 0 .f, 0 0 0 *1! Si irr »rr
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      81 17 www.juliusbaer.asia My name: Edwin My occupation: Plantation owner My passion: Tea My dream: Serve health to the world in a cup of tea My private bank: Julius Baer, because they cultivate relationships based on trust Julius Baer, the leading Swiss private banking group, was founded in 1890 and today is
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      506 19 DBS TREASURES Q PRIVATE CLIENT interest We are presenting the best of both worlds, with diversification and optimal rates on your savings. DBS Treasures Private Client invites you to benefit from higher interest rates with the Triple Opportunity Fixed Deposit a multi-currency deposit comprising the Singapore Dollar (SGD), US Dollar
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      209 21 Until Stephen Wiltshire had recreated the entire New York skyline from memory, he would not rest, (New York, 2011.) ■s Vi 3 m J /A f y L_ How can an artist’s vision inspire your client advisor? Two qualities shine through in the work of the celebrated artist, Stephen Wiltshire:
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      440 25 Questionson wealth management Boutique Banking Trusted Relationships Risk and Returns BSI Bank is one of the fastest-growing private banks in Asia. We asked three of the bank’s senior executives to respond to the kind of challenging questions they expect from clients. Hanspeter Brunner Chief Executive Officer BSI Asia Where do
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      86 27 /I 9 f Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect,
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      589 29 p PRIVILEGE BANKING y/ ifer 7 A *1 > M s./ a. THERE’S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It's a world where your dreams are celebrated, relationships treasured and legacies preserved.
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      286 31 The view from the top is even better from a position of vantage However good life is, it can get better. Given your achievements, it is opportune to plan how to maximise what you have. That's why we developed PRUVantage, a suite of wealth management solutions that seeks to safeguard
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      167 33 ALL BOXES TICKED IG WALL STREET 0.1% o*. L n h.. Ul *TOCK*-e*mj«h» MH R OUMAL MABKETVth*»«» US STOCKS SI US tTOCKJ-W* WltMiV"** BY YOUR LOCAL CFD AND FX SPECIALIST All the tools and support you need to trade forex, shares, indices and commodities around the clock. Our fully customisable
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      171 39 II m B I m A v i I ITT J irrnf I I FT »r.rrta»n* ’WS'mrjo'WttM* WwhimsYtnoow i;1 SI F rv* w ft? r Id. vBank of Singapore brings to you Encounter, a premiere showcase of luminaries from the Royal Academy of Arts and Asia's flourishing art scene. Hosted
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      150 40 I Preparing them for pole position. Wealth. What’s it to you? It is important to give your children the best possible start in life. We can provide high levels of wealth management expertise and investment know-how, to help you steer your heirs towards the best spot on the grid.To find
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