The Business Times, 12 June 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, June 12, 2013
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  • Article, Illustration
    Lock icon BOJ holds off action on bond yields
    761 1  -  It judges that market has begun to stabilise and recent turbulence not a major risk to recovery By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BOJ) yesterday held off taking further action to stabilise bond yields, in what was a show of
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  • Article, Illustration
    Lock icon DBS wants to buy entire stake in Danamon: chairman
    632 1  -  A smaller stake will require a review of the economics of the deal, he says By SIOW LI SEN [SINGAPORE] Peter Seah, DBS Group Holdings chairman, yesterday told BT that the bank would still want to buy Temasek Holdings’ entire stake
    PHOTO: YEN MENG JIIN  -  632 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,170.38 (-30.13) HST INDEX FUTURES 3,171.00 (-30.00) HSIMSCI 357.81 (-1.69) HSIMSCI FUTURES 357.30 (-1.70) US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.554 1.963 EURO (US$/S$/€ 1.327 1.675 Foreign currency per US$ S$ YEN 98.20 77.80 RM 3.157 2.500 HK$ 7.764 6.149 BAHT 31.01 24.56 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,779.57 -8.23 NIKKEI 225 13,317.62 -196.58 HANG SENG 21,354.66 -260.43 SET INDEX 1,452.63 -75.92 JAKARTA COMP 4,609.95 -167.42 MANILA COMP 6,556.65 -318.95 SEOUL COMP 1,920.68 -12.02 SHENZHEN B Closed MUMBAI IND 19,143.00 -298.07 12noon EDT Change DOW 15,223.85 -14.74 NASDAQ 3,460.33 -13.44
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 JAPAN 13.242 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
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      109 1 TRANSPORT HUB Strait Talk: Shipping needs clarity on scrubbers PAGE 20 PROPERTY Retail units at The Sail@ Marina Bay change hands for $105m PAGE 2 EXEC MONEY Perspectives on current market jitters PAGE 28 COMPANIES UE proposes rights issue after WBL takeover PAGE 5 Deutsche Bank db.com Only a strong
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  • TOP STORIES
    • Article, Illustration
      Lock icon The Sail’s 22 retail units fetch $105m
      812 2  -  Buyer is Wen Way, a S’pore-incorporated company controlled by China interests By KALPANA RASHIWALA [SINGAPORE] All 22 retail units at The Sail Marina Bay have changed hands for $105 million. The price works out to $4,582 per square foot (psf) based on the
      PHOTO: YEN MENG JIIN  -  812 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      567 2 BOJ holds off action on bond yields THE Bank of Japan yesterday held off taking further action to stabilise bond yields, in what was a show of confidence by the central bank that Japanese bond prices were stabilising. But the reaction in other markets to the lack of
      567 words
    • Article
      Lock icon Petronas sees RM60b investment in LNG project
      429 2  -  Western Canada project involves the building of 2 LNG trains by end-2019 By S JAYASANKARAN in Kuala Lumpur MALAYSIAN state oil and gas firm Petroliam Nasional (Petronas) announced at an international oil and gas conference yesterday that it expects to spend as much
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    • Article, Illustration
      Lock icon Fresh China stimulus seen after disappointing data
      733 2  -  By AYISHAH MA EJ Insight [HONG KONG] A fresh round of fiscal and monetary stimulus is likely this month after the weekend release of disappointing macroeconomic data for May, economists said. However, the economic boost will be nowhere near the four trillion yuan
      EJ Insight; PHOTO: BLOOMBERG  -  733 words
    • Article
      Lock icon Overtrade seen to be pushing COE premiums higher
      441 3  -  Higher trade-in value for used cars allows circumvention of 50% downpayment rule By SAMUEL EE [SINGAPORE] The practice of overtrade continues and is seen as one of the factors contributing to the recent spike in vehicle certificate of entitlement (COE) premiums. The
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    • Article, Illustration
      Lock icon Lexus Boutique aims to take service to new level
      741 3  -  By SAMUEL EE [SINGAPORE] On a street where luxurious customer lounges and airconditioned delivery bays are the norm, Lexus says it is raising the bar with a new showroom and an even higher level of service. The Lexus Boutique is the
      PHOTO: ARTHUR LEE  -  741 words
    • Article
      Lock icon Ng Boon Gay’s acquittal – AGC not appealing
      813 3  - Ng Boon Gay’s acquittal AGC not appealing Disciplinary action to resume against former CNB chief By GRACE LEONG [SINGAPORE] The Attor-ney-General’s Chambers will not be appealing against the acquittal of former Central Narcotics Bureau chief Ng Boon Gay on all four criminal counts of corruption. But Ng is not out
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      123 3 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt ortoxic assets on its balance sheet. Imagine a bank whose owners have steered a course through over 40 financial crises. Imagine a bank that’s been looking forward for seven generations. Imagine
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  • COMPANY NEWS
    • Article
      Lock icon Response to 500m yuan bond issue good: UOB
      529 4  -  Bank received over one billion yuan orders for its 3-year 2.50% notes By SIOW LI SEN UNITED Overseas Bank has sold its first locally cleared yuan bond amid volatile markets, some two weeks after Singapore debuted as an offshore yuan hub outside
      529 words
    • Article, Illustration
      Lock icon Millennium Hotel Minneapolis reopens after US$22m facelift
      305 4  -  By ONG CHOR HAO MILLENNIUM Hotel Minneapolis, run by City Developments Limited (CDL)’s hospitality arm Millennium and Copthorne Hotels (M&C), has reopened after extensive renovation costing more than US$22 million. The hotel closed last December for the facelift and had a soft opening
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    • Article
      Lock icon Module 6A: issues still unresolved as deadline nears
      670 4  -  HOCK LOCK SIEW By R SIVANITHY IT’S now about three weeks to go before the June 30 deadline for trading representatives (TRs) to pass the new Capital Markets and Financial Advisory Services module 6A exam. Even though there were many initial objections
      670 words
    • Article, Illustration
      Lock icon Global ETP flows reach US$26.5b in May
      713 5  -  Investors showed increased appetite for economically sensitive assets By MICHELLE QUAH GLOBAL exchange traded product (ETP) flows reached US$26.5 billion in May, well above April’s US$9.2 billion, said BlackRock’s ETP Landscape: Monthly Snapshot for May 2013. Investors also reportedly exhibited an increased appetite
      Source: BlackRock  -  713 words
    • Article
      Lock icon UE proposes 1-for-1 rights issue after WBL takeover
      377 5  -  By ONG CHOR HAO UNITED Engineers (UE) is targeting to raise up to about $480.3 million in net proceeds from a proposed rights issue to reduce its debt load, following the acquisition of WBL Corporation. In a regulatory filing yesterday, the company
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    • Article
      Lock icon CEO moves to take Tsit Wing private
      274 5  -  By ONG CHOR HAO THE chairman and chief executive of food and beverage supplier Tsit Wing International Holdings has moved to take the company private through his special vehicle Hero Valour. This follows his acquisition of a substantial stake yesterday. Peter Wong, who
      274 words
    • Article, Illustration
      Lock icon Normalisation likely for monetary policy
      579 7  -  Transition may take longer and interest rates normalisation will be even longer By GENEVIEVE CUA MARKETS are expected to see the beginnings of a “normalisation” of monetary policy this year an environment where the outcome is likely to be positive for equities, says Fullerton Fund
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    • Article
      Lock icon GuocoLeisure launches global hotel management company
      233 7  -  By LIVIA YAP GUOCOLEISURE Ltd, a Sin-gapore-listed company with a secondary listing on the New Zealand Exchange, announced yesterday the launch of a global hotel company. The hotel company is known as glh. which refers to GLH Hotels Management (UK) Limited, the new name
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    • Article
      Lock icon Tapering not a sign that US out of woods: Nomura
      670 7  -  By KENNETH LIM THE US Federal Reserve’s talk of stimulus tapering is an expression of caution about bubbles, not a signal to switch into riskier assets, Nomura strategists said yesterday at an investment conference. “This idea that there’s a great
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    • Article
      Lock icon Medi-Flex Q3 profit soars
      271 7  -  By ONG CHOR HAO LED by stronger sales and improved margins, net profit at glove manufacturer Me-di-Flex more than trebled to RM5.1 million (S$2 million) in its fiscal third quarter ended May 31, 2013, from RM1.53 million a year earlier. This works out to an earnings
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      579 4 More Influence, Less Authority: Transform Yourself Into A Charismatic Leader Who should attend: Business Owners, CEOs, Managing Directors, General Managers, Branch Managers, Departmental Heads and Team Leaders Supervisors. 2013 JUNE SERIES FULL-DAY WORKSHOPS Speaking Persuasively The Charismatic Communicator Although few individuals are born with the ability to engage, motivate and
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      232 5 s p an Pacific r a L c V Is j v L. to' n Fmz&rtz 1 M i-r-r=«5 _1B BS ■IB IB! B! fJI «BB Bl BBS ■<> sis BIB BBB BIB ISM-fiS ttr Ml ■I ,1 ill! M tt" toffsSS BJ 1 in« u) i,k1 A' ..■all I
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI under renewed selling pressure
      580 6  -  Index declines 30 points in line with losses in the region and the soft opening in Europe STOCKS R SIVANITHY Senior Correspondent NOTsurprisinglyMonday’s short-cov-ering bounce in index blue chips fizzled out yesterday, with the result that the Straits Times Index (STI) came under renewed selling/short-selling
      Source: Bloomberg  -  580 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Jun 11 VALUE CLOSE BT OB/OS -1176.00 -462.00 BT CADI -*****.00 -291.00 BT 10-day MA -*****.00 -118.00 FTSE ST Mid Cap 769.84 -13.30 FTSE ST Small Cap 579.14 -10.96 FTSE ST All Share 781.26 -8.96 FTSE ST China Top 200.57 -4.22 FTSE ST China 228.68 -4.29 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Innopac 151,672,000 Golden Agri 99,805,000 WE Hldgs 90,261,000 SingHaiyi 63,147,000 Thai Beverage 62,206,000 Teledata 60,636,000 IPCO Intl 51,977,000 YHM 50,316,000 Polaris 46,503,000 Xpress 45,435,000 VALUE($) SingTel 112,445,580 DBS Grp 66,382,720 CapitaLand 66,181,260 Golden Agri 57,140,415 UOB 54,046,577 JMH 46,366,548 GLP 44,127,790 Keppel Corp 40,461,920 Thai Beverage
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 15 1 0 0 0 0 15 1 Manufacturing 26 81 28 4 12 12 30 93 40 Commerce 5 36 19 3 10 2 8 46 21 Tpt/Stor/Comms 4 31 5
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      819 6  -  Compiled by LYNN KAN Lian Beng Group June 11 close: $0.52 Maybank Kim Eng Research, June 11 WE caught up with Lian Beng’s management for updates on ongoing construction and property launches, and are now convinced that FY2014 ending May 31 will be a record-breaking year with earnings
      Source: Bloomberg  -  819 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 49,959 49,959 94,558 94,558 Manufacturing 375,528 191,695 567,223 182,120 11,619 193,739 Commerce 162,319 157,051 319,370 133,437 13,737 147,174 Tpt/Stor/Comms 137,504 18,662 156,166 214,557 7,342 221,899 Finance 184,010 877 184,887 207,579 390 207,969 Construction 197,043 64,228
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 6 Stock name Close Change CapMallsAsia 1.910 -0.020 CapitaLand 3.230 -0.110 CapitaMall 2.070 -0.040 CityDev 9.980 -0.170 ComfortDelGro 1.820 +0.020 DBS Grp 16.05 -0.040 GLP 2.770 -0.040 Genting SP 1.410 +0.005 Golden Agri 0.575 +0.010 HK Land 6.530 -0.190 HPH Trust US$ 0.775 -0.020 JMH 59.40 -3.150
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    • Article, Illustration
      Lock icon Yen up against major currencies; A$ slides
      507 6 CURRENCIES Bloomb erg [LONDON] The yen yesterday rose at least 1.2 per cent against all 16 of its major peers after the Bank of Japan (BOJ) refrained from introducing additional stimulus measures that tend to weaken a currency. The yen snapped a two-day
      Bloomberg; PHOTO: BLOOMBERG  -  507 words
    • Article
      Lock icon RISES
      100 6 BY CENTS CLOSE UP DBXT MSJAP 10US$ 4256 178.0 3.4 ISDN Hldgs 122.5 13.0 11.9 TungLok 24 8.0 50.0 IS ASIA HYG100S$D 1360 7.0 0.5 Cordlife 90.5 6.5 7.7 SingTel 374 6.0 1.6 SingTel 10 370 4.0 1.1 UOB 2012 4.0 0.2 Halcyon 86.5 3.5 4.2 Sinarmas eW*****8 46
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    • Article
      Lock icon FALLS
      124 6 BY CENTS CLOSE DOWN DBXT SPASX200 10US$ 3508 -631.1 -12.5 JMH 5940 -397.6 -5.0 Jardine C&C 4110 -253.0 -5.8 JSH 3707 -140.1 -2.9 DBXT MSAsExJp 10US$ 3172 -113.6 -2.8 GLD 10US$ ***** -111.1 -0.7 DBXT MSTHAI 10US$ 2018 -94.7 -3.6 DBXT MSINDO 10us$ 1469 -83.3 -4.3 UOB 5.05%NCPS 100
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      163 7 You can now save more with our permanently reduced sales charges: Fixed Income funds Equity funds Sales Charges 0.5%, subject to a minimum of $10 per transaction 0% or 0.2% Regular Savings Plan (RSP) 0% on all funds Gain access to more than 500 unit trusts on our platform and
      163 words
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      63 7 M3&F HOROLOGICAL LAB LEGACY MACHINE N°l UNIQUE FLYING BALANCE WHEEL AND VERTICAL POWER RESERVE COMPLETELY INDEPENDENT DUAL TIME ZONES 8K WHITE OR RED GOLD 279 COMPONENTS 23 JEWELS WWW.MBANDF.COM V MPt K 4 i THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD L'ATELIER KNIGHTSBRIDGE MALMAISON KUALA LUMPUR PAVILION SHOPPING MALL
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon ITE to revamp curriculum in cluster-centric approach
      519 8  -  It will prepare graduates for a variety of jobs in a given industry By LEE U-WEN THE Institute of Technical Education (ITE) is about to undergo the first major revamp of its curriculum in over a decade as it looks to change the
      519 words
    • Article
      Lock icon Jem stuck in fire-safety jam; owner delays opening
      314 8  -  By MINDY TAN IT appears the managers of Jem still have some final permits to clear before the highly anticipated mall can open its doors to the public. A Singapore Civil Defence Force (SCDF) spokesman said: “On May 28, 2013, Jem mall
      314 words
    • Article, Illustration
      Lock icon Bridging consumers and businesses through contests
      609 8  -  By BENJAMIN AW COMPANIES that want to run contests to raise consumer awareness of their products may not have the know-how to go about it, or to ensure that the contest achieves a wide reach. And then there are consumers who may not come
      PHOTO: ARTHUR LEE  -  609 words
    • Article
      Lock icon NEA, MOH step up efforts as cases climb
      543 8  -  DENGUE CONTROL By NISHA RAMCHANDANI THE National Environment Agency (NEA) and the Ministry of Health (MOH) are boosting efforts to control the dengue situation with a three-pronged approach as the number of reported dengue cases is expected to keep climbing. A record
      543 words
    • Article
      Lock icon NTU researchers develop mobile app to fight dengue
      404 8  -  By MARIA MALA YOGALINGAM RESEARCHERS at Nanyang Technological University (NTU) have developed a mobile app that will collate inputs from the community on instances of mosquito breeding and so identify dengue hotspots across the country. Members of the public who spot a
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      911 8 MERMAID MARITIME PUBLIC COMPANY LIMITED (Registered in the Kingdom of Thailand as a Public Company with Limited Liability) (Registration Number **********017) NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NO. 01/2013 NOTICE IS HEREBY GIVEN, that by virtue of the resolutions of the Board, the EGM will be held at Arabian
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      353 9 THE STRAITS TIMES IN THE PARK 2013 PreSeuhti bj Panasonic COOL GOODIE BAG, Each runner gets a goodie bag worth more than $168, which includes: In conjunction with The Straits Times' 168 th Anniversary SIGN UP NOW ND ENJOY MORETHAN WORTH OF Make running second nature! Grab your shoes and
      353 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Glove maker up 7.5% on analyst upgrade
      444 10  -  Hartalega stock rose from about RM4 at start of the year to RM6.31 yesterday By PAULINE NG in Kuala Lumpur GLOVE maker Hartalega Holdings emerged as one of the top gainers yesterday, advancing 7.5 per cent after analysts upgraded its earnings on the
      444 words
    • Article
      Lock icon San Miguel to complete bank stake sale to CIMB in July
      237 10 Bloomberg [MANILA] San Miguel Corp, the Philippines’ largest company, expects to complete the sale of a controlling stake in Bank of Commerce to Malaysia’s CIMB Group Holdings Bhd in about a month. “An agreement was reached last night and
      Bloomberg  -  237 words
    • Article
      Lock icon Tenaga eyes bid for Irish gas company
      421 10 Earlier reports say Keppel Corp also interested in firm Bloomb erg [DUBLIN] Tenaga Nasional Bhd, Malaysia’s largest power group, is considering a bid for the retail and power generation unit of Irish state-owned gas company Bord Gais Eireann, according to two people with
      Bloomberg  -  421 words
    • Article, Illustration
      Lock icon Freeport: Initial findings reached on Indonesia probe
      424 10 Reuters [JAKARTA] An investigation into a tunnel collapse that killed 28 people at Freeport McMoRan Copper and Gold Inc’s Indonesian mine has reached preliminary findings, the firm said yesterday, although the timing of any reopening of the copper mine remains unclear. Freeport suspended
      Reuters; PHOTO: AP  -  424 words
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      59 10 A Harmony Of Flavours Reign At Szechuan Court As its new culinary maestro, Chef Mok introduces his innovative and harmonised menu, intertwining traditional and beloved Cantonese fare with legendary Szechuan delicacies. For reservations, please call +65 6431 6156 or email dining.singapore@fairmont.com. Level 3, 80 Bras Basah Road, Singapore *****0 Tel:
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Chinese, Indian firms eyeing Rio Tinto coal assets
      682 11 Rio wants to cut debt by offloading stakes in Coal Allied and Clermont mines Reuters [MUMBAI] China’s stateowned Shenhua Group Corp Ltd and India’s Aditya Birla Group are among companies considering bids for some of Rio Tinto Ltd’s Australian coal assets, valued
      Reuters; PHOTO: REUTERS  -  682 words
    • Article
      Lock icon Delhi to remove FDI cap in telecoms, raise limit in defence
      441 11 Bloomberg [NEW DELHI] India plans to eliminate the cap on foreign direct investment in telecommunications and raise the limit in defence to lure funds and boost the rupee, two finance ministry officials with direct knowledge of the matter said.
      Bloomberg  -  441 words
    • Article
      Lock icon Fitch warns of risks from China shadow banking
      527 11 Unregulated lending by non-bank sector stoking systemic risk Reuters [FRANKFURT] China’s unregulated shadow-banking sector poses an increasing risk to the country’s financial stability that could spread to other countries, credit-rating agency Fitch said. China has tens of thousands of non-bank lenders that
      Reuters  -  527 words
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      84 11 Treat Dad to Sunday Brunch at Edge, pamper him with a Cantonese à la carte Yum Cha buffet at Hai Tien Lo or an exquisite set brunch at Keyaki. Have your picture snapped by our photographer and stand a chance to win a stay in our Presidential Suite. Winners will
      84 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US hiring outlook bright; globally, uncertainty reigns
      665 12 Employers’ hiring intentions for Q3 weaken in France, China, India: survey Reuters [NEW YORK] More employers in the US plan to hire workers next quarter than in any period since the fourth quarter of 2008, according to a survey by Manpower Group, the
      Reuters; PHOTO: BLOOMBERG  -  665 words
    • Article
      Lock icon Swiss raise 2013 economic growth forecast
      354 12 Pick-up seen over next 2 years if world economy and eurozone rebound Reuters [ZURICH] Swiss economic growth should pick up over the next two years as long as the global economy recovers and the eurozone lifts itself out of a recession, the government said
      Reuters  -  354 words
    • Article
      Lock icon Finland faces deeper recession: central bank
      282 12 Bloomberg [HELSINKI] Finland is sinking into a deeper recession as the nation’s main industries already battered by the debt crisis further south –struggle to stay competitive, the Bank of Finland said. “The Finnish economy has been contracting since the first half of 2012 and
      Bloomberg  -  282 words
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      114 12 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m1003.sg UFM 100.5 ss CHSWEk ft o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let's pause and be thankful for all that we
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      87 12 stfi H SINGAPORE PRESS HOLDINGS f asta one v y Catch up with the Latest Business News with AsiaOne smartphone app us^ra la most \obs in Ifelala'mosua years S40 miiiion to enoourage| lamiiy environment STOCK Pay attention to piijj gCi health; UN urges Malaysians amol top workaho'ics 2 i/t 7
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  • WORLD
    • Article, Illustration
      Lock icon Apple’s new ad campaign to focus on brand
      813 13 Tech giant and its ad partner plan to cement firm’s bond with consumers Bloomberg [SAN FRANCISCO] Apple and TBWA, the agency behind the company’s most memorable advertisements, are embarking on a new campaign designed to revive interest in an ageing product line
      Bloomberg; PHOTO: AFP  -  813 words
    • Article, Illustration
      Lock icon Berlin defends ECB’s bond-buying plan
      726 14 Schaeuble questions whether country’s top court has power to rule on scheme Reuters [KARLSRUHE] Germany’s finance minister defended the European Central Bank’s (ECB) bond-buying scheme against charges it violates German law and questioned whether the country’s top court had the power to rule on a
      Reuters; PHOTO: AFP  -  726 words
    • Article, Illustration
      Lock icon Greek business stirs, but weak recovery likely
      694 14 Reuters [ATHENS] Greek business is awakening from a coma; the long-forgotten sound of drills and hammers can be heard on Athens construction sites again while customers queue calmly at banks to deposit cash rather than to withdraw it in panic. Nevertheless, the government’s
      Reuters; PHOTO: AFP  -  694 words
    • Article
      Lock icon Remy to focus on premium brands for growth
      248 14 Bloomberg [LONDON] Remy Cointreau SA, the maker of Remy Martin cognac, says it will focus on pushing high-priced drinks to drive growth after reporting an increase in annual profit due to cognac sales in Asia and the US. Adjusted operating profit rose
      Bloomberg  -  248 words
    • Article
      Lock icon London police in clashes with anti-G8 protesters
      453 14 Reuters [LONDON] Police scuffled with scores of anti-Group of Eight (G-8) demonstrators in central London yesterday and surrounded a building where protest organisers were meeting before a summit of world leaders in Britain next week. Isolated scuffles broke out when police moved in
      Reuters  -  453 words
    • Article
      Lock icon Korean talks to re-open joint industrial park cancelled
      574 14 Bloomberg NYT [SEOUL] Talks between North and South Korea scheduled for tomorrow to discuss the reopening of a joint industrial park were cancelled, South Korea’s Unification Ministry said in a statement. The ministry didn’t provide an explanation for why the negotiations were
      Bloomberg; NYT  -  574 words
    • Article, Illustration
      Lock icon US-China pledges of cooperation get early test
      851 15 American lands in Hong Kong before blowing whistle on domestic spying AP [BEIJING] A day after the presidents of China and the United States ended their first summit, pledges of cooperation by the two leaders faced an early test from an unexpected quarter
      AP; PHOTO: REUTERS  -  851 words
    • Article
      Lock icon Japan manufacturer sentiment turns positive
      207 15 Reuters [TOKYO] Big Japanese manufacturers turned optimistic about their business conditions in April-June for the first time in three quarters, a government survey showed yesterday, suggesting that the government’s sweeping economic policies are bolstering morale. The Business Survey Index (BSI) of sentiment at large manufacturers
      Reuters  -  207 words
    • Article
      Lock icon US technology firms walk tightrope in comments on spying
      754 15 NYT [SAN FRANCISCO] Someone’s not telling the whole truth. In the wake of the news leak that the US National Security Agency is engaged in a wide-ranging surveillance programme of Internet users through a system called Prism, the world’s biggest technology
      NYT  -  754 words
    • Article
      Lock icon Wholesalers’ stockpiles, sales signal growth
      425 16 April’s stockpiles up 4.1% from a year ago and 31.2% above recession low LATEST US DATA AP Reu ters Bloomberg [WASHINGTON] US wholesalers increased their stockpiles in April and their sales rebounded from a big decline in March, positive signs for economic growth. The Commerce
      AP; Reuters; Bloomberg  -  425 words
    • Article
      Lock icon Most banks to hike pay to offset EU bonus cap: poll
      345 16 Bloomberg [LONDON] More than half of global banks said they would increase salaries to offset the effect of European Union bonus caps, according to a study by human resources consultants Towers Watson Co. The poll, of more than 150
      Bloomberg  -  345 words
    • Article, Illustration
      Lock icon US Senate approves US$955b farm bill
      452 16 AFP [WASHINGTON] The US Senate approved a sweeping, nearly US$1 trillion farm bill late Monday that sets out agriculture policy for the next five years, including expansion of crop insurance and reduction of food stamps. The bill, which allocates some US$955 billion on nutrition
      AFP  -  452 words
    • Article, Illustration
      Lock icon EU to seek WTO ruling against Chinese steel duties
      462 16 Reu ters [BRUSSELS] The European Union (EU) plans to lodge a case with the World Trade Organization (WTO) against Chinese duties on specialised steel tubes, EU sources said yesterday, opening another front in a rapidly escalating trade conflict with Beijing. The
      Reuters; PHOTO: AFP  -  462 words
    • Article, Illustration
      Lock icon Pimping charges against Strauss-Kahn may be dropped
      636 16 Evidence insufficient for him to be sent to trial: prosecution AFP [LILLE, France] French prosecutors yesterday recommended the dismissal of pimping charges against Dominique Strauss-Kahn, signalling a possible end to the former IMF chief’s legal battle over sex scandals that destroyed his career.
      AFP; PHOTO: REUTERS  -  636 words
    • Article
      Lock icon Dubai World makes first major asset sale since crisis
      476 16 Reuters [DUBAI] Dubai World, the state-linked group whose US$25 billion of debt brought the emirate to the brink of financial collapse in 2009, has sold one of its UK assets as part of its efforts to repay creditors. A unit of
      Reuters  -  476 words
    • Article
      Lock icon SoftBank raises Sprint offer to fight rival bid
      598 17 Major shareholder Paulson Co switches backing to Japanese firm’s US$21.6b offer Reuters [TOKYO] Japanese mobile operator SoftBank has agreed with Sprint Nextel to raise its offer for the US wireless carrier to US$21.6 billion from US$20.1 billion, as it fights off a
      Reuters  -  598 words
    • Article, Illustration
      Lock icon Apple unveils iOS 7 and iTunes Radio
      687 17 New mobile OS is biggest overhaul since first iPhone Reuters [SAN FRANCISCO] Apple has unveiled a music streaming service called iTunes Radio and new mobile software, in the biggest redesign of its operating system since the original iPhone’s debut in 2007. The new
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    • Article, Illustration
      Lock icon PlayStation 4: Sony’s latest in console battle
      572 17 Bloomberg [SAN FRANCISCO] Sony has unveiled the PlayStation 4, its first new console in seven years, taking the battle to Microsoft with a lower-priced machine, original content and fresh titles as it targets a return to vid-eo-game dominance. The PS4 will cost US$399
      Bloomberg  -  572 words
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      Lock icon Viet PM takes a hit in first-ever confidence vote
      380 17 Reuters [HANOI] Vietnamese Prime Minister Nguyen Tan Dung was dealt a rare public blow yesterday, winning the full support of less than half of members of a parliament dominated by his ruling Communist Party in the country’s first-ever confidence vote. The
      Reuters  -  380 words
    • Article
      Lock icon Global shale oil reserves raise crude resources by 11%
      410 17 Reuters [NEW YORK] Estimated global reserves of oil in shale rock deposits will boost total world crude resources by 11 per cent, a US government report said on Monday, offering a preliminary glimpse of the hydrocarbons that remain untapped across the
      Reuters  -  410 words
  • Page 13 Advertisements
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      3279 13 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices i—r'TT^y/ iNK FIRSTLINK INVESTMENTS CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Registration No: *****2562E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fourth Annual General Meeting of the Company will be held at Ruby Suite, Social Clubhouse, Level
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      84 14 FEMALE JUNE ISSUE OUT NOW Ingapote SCIENCE FARE Radical aesthetic gizmos doctors endorse THE BEST OF PRE-I HOW FASHION’S IT MUMS-TO-BE ROCK THEIR LOOKS TAUT TRIM flRE Os m 3*'- w. Vi iY A Nuxe BB cream worth $29.90* is yours with every copy of Female June *Valid only for
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      121 15 a^ixH MANAGEMENT DEVELOPMENT CENTRE Human Resource (HR) Seminars by Nanyang Technological University Professors For CEOs/ Human Resource Directors/ Training Development Managers/ Senior Management/ Senior Managers OD personnel "Globalization Impact on HR and Organizational Design Planning'" By Prof Francis lay 12 July 2013 (Friday) NTU Alumni Club 9.00am 5.00pm Seminar registration
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      829 15 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF DELICREAM PTE LTD COMPANY REG. NO. *****9127K (In Creditors’ Voluntary Winding Up) NOTICE OF RESOLUTION At the meeting of Creditors of the abovenamed Company duly convened and held at
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fears of Fed ‘tapering’ are overblown
      532 18 EDITORIAL US Federal Reserve chairman Ben Bernanke seems to have set off a bout of market panic after his testimony to the US Congress on May 22. But looking at the bigger picture, it seems that the panic has been overdone. It had its
      532 words
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      Lock icon Too early to say how Obama-Xi ties will pan out
      838 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE two-day summit in California between US President Barack Obama and Chinese President Xi Jinping has been hailed on the Chinese
      838 words
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      Lock icon Nutrition as a catalyst for economic growth
      1007 18  -  Governments, businesses and civil society groups must act to make the food system work By JAY NAIDOO The writer is chair of the Global Alliance for Improved Nutrition Project Syndicate THIS week, British Prime Minister David Cameron, whose country holds this year’s G-8
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      Lock icon A sustainable healthcare system
      1162 19  -  There are grouses galore but it could be just a matter of putting together the pieces that we know will work By NARAYAN PANT The writer is professor of management practice and director of Insead Executive Education’s Advanced Management Programme Stakeholders of many healthcare systems in
      PHOTO: AFP  -  1,162 words
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      Lock icon The case against Europe’s Tobin tax
      699 19  -  By ELIZABETH CORLEY The writer is chief executive officer, Allianz Global Investors SINCE the costs of the Great Financial Crisis have, by and large, been socialised, it is understandable that governments in affected countries have turned to the financial sector as a potential source
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    • Article
      Lock icon Shenton Wealth not in breach of MAS regulations
      389 19 LETTER TO THE EDITOR ON behalf of Shenton Wealth Holdings Pte Ltd, we refer to the article “2 property firms land on MAS alert list” (BT, June 6). Your writer stated “BT was unable to reach it (Shenton Wealth Holdings”) for comment
      389 words
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  • Transport HUB
    • Article
      Lock icon Shipping needs clarity on scrubbers
      851 20  -  European Maritime Safety Agency questions use of open-loop scrubbing technology but has not detailed concerns STRAIT TALK By DAVID HUGHES OVER the past few days, there has been a steady stream of press statements arriving in my e-mail inbox about the options open to shipping,
      851 words
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      Lock icon Car carriers make gains as US imports jump
      792 20 Extra shipments offset weakness in recession-hit Europe Bloom berg [LONDON] Seaborne shipments of vehicles are rising to a record as the US imports the most in five years, making car carriers profitable at a time when most of the merchant fleet is
      Bloomberg; PHOTO: BLOOMBERG  -  792 words
    • Article
      Lock icon Tanjung buying controlling stake in oil & gas firm
      373 20 Tanjung buying controlling stake in oil gas firm [PETALING JAYA] Tanjung Offshore Bhd is in the final stages of acquiring a controlling stake in a foreign oil-and-gas (O&G) company that owns and manages several offshore oil rigs for a price tag of close to RM1 billion (S$402 million). According to
      373 words
    • Article
      Lock icon US warns Nigeria of ship ban
      222 20 Bloomb erg [LAGOS] The US may ban ships from entering Nigeria to protest insecurity in the ports and waterways of sub-Saharan Africa’s second-biggest economy. US authorities gave Nigeria a 90-day ultimatum to improve security, Leke Oyewole, special adviser on maritime affairs to President Goodluck
      Bloomberg  -  222 words
    • Article
      Lock icon TRANSPORT STOCKS
      231 20 SGX '000 Jun 11 S$ +/-Vol CH Offshore 0.43 -0.02 148 Chuan Hup Hldg 0.27 unch 327 Cosco Corp 0.76 -0.02 3038 S$ First Ship Lea 0.12 unch 414 Freight Links 0.10 unch 7016 Grand Banks..............0.35 0.02 22 Jaya Hold Ltd K1Ventures 0.17 unch 4716 Keppel Corp 10.49
      231 words
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      112 20 m a g *i» tionpurposes r ifts Premium 8 Pre SGPFX“com/reg3 WWW.SGWM' competition and edge abeadoune^^^^ 10-12 July 2013 Level 1, Hall B&C Marina Bay Sands, Singapore Organised By: B| I I k| Blk8 Lorong Bakar Batu, I L L I IN N #07-07 Singapore *****3 Exhibition Services Pte Ltd
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      14 20 www.omy.sg I 4 f I J I n H 1 I UlLBD); 6J317H showbiz.omy.sg
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  • TRANSPORT HUB: AVIATION
    • Article, Illustration
      Lock icon Boeing ups 20-year forecast for airplane demand
      447 21 It expects surge in Asia-Pacific travel to keep production rates buoyant Reu ters [SEATTLE] Boeing yesterday upgraded its 20-year forecast for airplane demand, saying airlines will need 35,280 new jets worth US$4.8 trillion as the world’s fleet doubles over the next two decades.
      Reuters; PHOTO: AFP  -  447 words
    • Article
      Lock icon US Airways execs to helm American Airlines
      549 21 They will be twice as many AMR execs in new leadership AP [DALLAS] The new American Airlines will have more top executives from smaller but more successful US Airways than from the current American. Five US Airways executives will follow their current CEO,
      AP  -  549 words
    • Article
      Lock icon Flights cancelled as French controllers start 3-day strike
      752 21 AFP Bloomberg NYT [PARIS] Hundreds of flights in France were cancelled yesterday as air traffic controllers kicked off a three-day strike against EU plans to create a single European airspace. Controllers across the continent are due to stage various protests such as
      AFP; Bloomberg; NYT  -  752 words
    • Article, Illustration
      Lock icon Billionaire may exit Philippine Airlines
      694 21 Bloom berg [MANILA] Philippine billionaire Lucio Tan has been approached by a group of investors to sell his control of PAL Holdings Inc and Philippine Airlines Inc as he prepares to exit the aviation business after two decades. Mr Tan is “seriously looking into the
      Bloomberg  -  694 words
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  • Page 21 Miscellaneous
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      Lock icon Page 21 Miscellaneous Column 1
      353 21 CRYPTIC CROSSWORD Across 1 Bumpkin that’s cheerful overlooking lake (7) 5 Greek heroine chosen by academy (7) 9 Smell from memory among those on water? (5) 10 College priest in trips abroad getting source of value? (5,4) 11 Tour a man is running in caring institution (10) 12 Betting in
      353 words
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  • TRANSPORT HUB: LAND
    • Article, Illustration
      Lock icon Honda in US probe of faulty airbags
      527 22 It joins Toyota and Chrysler, which also get airbag controls from the same firm AP [DETROIT] US safety regulators have added about 320,000 older model Honda Odyssey minivans to a widening probe of faulty airbags that affects at least three carmakers and more
      AP; PHOTO: AP  -  527 words
    • Article
      Lock icon Toyota moves towards standardised car parts
      877 22 This opens door for global mega-suppliers Bloomberg [TOKYO] Toyota Motor Corp has decided it no longer needs 50 kinds of airbags to protect drivers’ knees. Ten, the company says, ought to suffice. In one of president Akio Toyoda’s biggest initiatives since taking over in
      Bloomberg  -  877 words
    • Article
      Lock icon Brazil govt to build its first car crash test centre
      644 22 AP [SAO PAULO] After a decade of spiking fatalities from passenger car wrecks, the Brazilian government said on Monday it plans to build its first car crash test facility in an effort to improve the poor safety record of vehicles
      AP  -  644 words
  • Page 22 Advertisements
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      81 22 Aim, Shoot, Score Are you a HR Professional looking to fill up vacancies in your company? Sign up with STJobs.sg now to take aim at the right candidate and access almost 100,000 registered users and resumes. STJOBS.sg Awarded Best in Cross r^Al-—Media Advertising (Silver) for Asian Digital Media Awards 2012
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      24 22 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FACEBOOK.COM/HOTFMSG I 3* HOTFMSG
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      154 22 SMARTS PASSENGERRAIL ASIA 2013 25 27 June 2013, Grand Hyatt Jakarta Event Highlights: Ministerial forum featuring key Indonesian ministers Closed-door luncheon with Indonesia's mayors and province representatives Future Directions Global and regional project showcase Technology showcase Key distinguished speakers include Djoko Kirmanto Minister Ministry of Public Works Indonesia Bambang Susantono
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  • Article
    Lock icon SHIPPING TIMES
    2800 23 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 STXPO TBN Camden/New
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3248 25 Transaction date: Jun 11 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last AAT Day Last Quote Div Gr Yld 10.4 7 AEM M Cap 188 106 AIMSAMPIReit 160.5 -7 2110 168
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      Lock icon SGX CATALIST
      225 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil jnch
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10995 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 1.0051/ Asian Smaller Cos!" 2.043/ EM local Ccy Bond .0 9643/ European Opportunities!" 1.1971/ Global Emerging
      10,995 words
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      Lock icon GLOBALQUOTE
      249 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 30.5 Genting HK US$ US47 -1 5223 47.5 46.5 46.5 47 3094.7 Last 260 183 TanChongInt HK223 -9 78 224 223 222 229 4.3 3.1
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    • Article
      Lock icon SGX ETF
      889 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Company 143 120.4 CIMB APAC Div 100S$D 137.5 132.1 133 114.4 96 CIMB APAC Div 100US$ US104.4 -2.8 2 104.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      635 27 Jun 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.77 *****.31 *****.31 Jun13 *****.00 *****.00 *****.00 *****.00 *****9 *****5 Sep13 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 293.06 293.06 290.32 Jun13 291.70 292.40 289.90 290.60 ***** *****4 Jul13 286.20
      635 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 10 Index Change Change Change Change Change Change World Preliminary 1057.2 0.6 12.7 1.6 13.8 0.3 10.2 EAFE Preliminary 858.1 1.1 10.8 1.8 8.8 0.5 5.4 Europe Preliminary 1231.1 -0.1 7.3
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Jun 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.956 5.730 0.704 7.253 54.953 91.813 0.917 10.597 2.949 1.195 92.075 40.364 1.180 9.585 0.871 28.158 28.966 0.601 0.934 Canada 1.046 5.995
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    • Article
      Lock icon SIBOR
      67 27 Jun 11 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      137 27 Jun 11 GOLD(US$/oz) Jun 10 Jun 11 Hong Kong 1391.40 1385.00 Jun 07 Jun 10 London 1381.30 1382.97 1382.05 1383.92 Source: Thomson Reuters CAST BAR Jun 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127 56 5gm 359 281 10gm 642 562
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Jun 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 05-Sep-13 0.25 6-Month BS*****T 13-Dec-13 0.28 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.97 5-Year N*****0T 0.5 01-Apr-18 97.19
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    • Article
      Lock icon PALM OIL
      53 27 Jun 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2415.0 1165 Jul 13 2451.0 2450.0 2456.0 2424.0 2108 ***** Aug 13 2457.0 2456.0 2464.0 2439.0 ***** ***** Sep 13 2453.0 2456.0 2463.0 2440.0 8591 *****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Jun 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1791 1.1801 0.9342 0.9343 Canadian dollar 1.2332 1.2349 0.9777 0.9770 Euro 1.6742 1.6756 1.3264 1.3266 NZ dollar 0.9870 0.9879 0.7820 0.7821 Sterling pound 1.9616 1.9635 1.5541 1.5545
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    • Article
      Lock icon CHICAGO BOT
      109 27 Jun 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1511.75 1528.25 1527.00 1502.50 Aug 13 1435.75 1456.25 1454.00 1430.00 Sep 13 1356.50 1374.00 1371.00 1348.50 Nov 13 1319.00 1330.25 1330.75 1307.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • Article
      Lock icon LIFFE
      95 27 Jun 10 COCOA (£/tonne) Close Prev High Low Jul 13 1557 1563 1565 1552 Sep 13 1559 1560 1565 1547 Dec 13 1554 1555 1557 1545 Mar 14 1549 1552 1554 1544 COFFEE(US$/tonne) Close Prev High Low Jul 13 1845 1848 1858 1832 Sep 13 1857 1863 1871 1848
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1068 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.4 1 146 452 66.25 11 Conv Ratio Exer Price Asiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2 1 27 37 Best World Intl Ltd W*****5 1.5
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jun 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.14 -0.14 WTI (Near Mth) 95.85 -0.32 Dubai (1-Mth F) 100.71 0.36 Tapis blend 108.09 0.38 Minas 103.09 0.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.78 -0.50 Jet Kerosene 116.53 -0.23 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 11 S$ Bid Offer 1-month 1.2622 1.2631 2-months 1.2621 1.2631 3-months 1.2621 1.2631 6-months 1.2618 1.2634 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Jun-10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1883.00 1903.25 3 months 1923.00 1940.00 Copper, Grade A(US$/tonne) Cash 7128.75 7198.00 3 months 7162.00 7230.00 Lead(US$/tonne) Cash 2151.50 2153.75 3 months 2163.00 2164.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jun 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.214 1.157 Can dollar 1.257 1.209 Euro 1.707 1.626 Sterling pound 1.995 1.919 NZ dollar 1.016 0.977 US dollar 1.284 1.223 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Jun 11 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
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  • executive Money
    • Article, Illustration
      Lock icon Rising rates: just a matter of when
      1275 28  -  Investors should now position away from the lulling safety of fixed income and into growth-geared equities MONEY MATTERS WELLIAN WIRANTO The writer is Asia investment strategist at Barclays AS we start looking towards the second half of the year, we take stock of
      PHOTO: BLOOMBERG  -  1,275 words
    • Article, Illustration
      Lock icon Pimco sounds junk bond alert as slowdown in Asia hits profits
      970 29 It suggests moving away from risk assets that gained only from central bank liquidity Bloomberg [HONG KONG] Investors should be wary of highyield borrowers as slowing growth in Asia threatens profitability, according to Pacific Investment Management Co (Pimco), manager
      Bloomberg; PHOTO: REUTERS  -  970 words
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      422 28 ONE ETF POPS UP AS OPPORTUNITIES OPEN UP ACROSS ASIA VAPof m j t- n a §°ufh Korea m Mi t As Asian economies rise, 1 3 opportunities from an emergent asset class unfold. Asian local currency bonds provide two sources of potential return: regular current income and currency appreciation.
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      118 29 deal i-AU N CH PREVIEW Size Curre ncy USD 1.***** ***** ***** TEST-DRIVE OUR TRADING PLATFORM When you're short on time, every second counts. That's why we give you access to our award-winning CFD trading platform, without signing up. Browse thousands of global markets, plus view live prices, market data,
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      288 30 PIXMA Quality. Promised. Canon Delighting You Always YOUR EFFICIENCY 0 c o f GE3 6{a CE3 a? <S£3 eta a y O m With PIXMA MX927 Duplex Automatic Document Feeder, I save a bundle! The PIXMA MX927 combines the best of connectivity with functional efficiency features to deliver outstanding quality.
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