The Business Times, 10 July 2013

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Microfilm: NL32655
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, July 10, 2013
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  • Article, Illustration
    Lock icon In Iskandar, SMEs face same old labour crunch
    838 1  -  Some firms put move on hold; M’sian minister says KL will try to resolve the problem By MALMINDERJIT SINGH [SINGAPORE] Businesses that are looking to set up shop in Iskandar Malaysia to escape the tight labour market here may face a similar
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,178.63 (+23.16) GST INDEX FUTURES 3,172.00 (+23.00) GSIMSCI 356.17 (+2.62) GSIMSCI FUTURES 355.70 (+4.00) US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.496 1.910 EURO (US$/S$/€ 1.288 1.645 Foreign currency per US$ S$ YEN 101.20 79.20 RM 3.188 2.496 HK$ 7.757 6.074 BAHT 31.29 24.50 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,766.49 +3.62 NIKKEI 225 14,472.90 +363.56 HANG SENG 20,683.01 +100.82 SET INDEX 1,398.69 -5.95 JAKARTA COMP 4,403.80 -29.83 MANILA COMP 6,327.02 +8.11 SEOUL COMP 1,830.35 +13.50 SHENZHEN B 745.03 -3.96 MUMBAI IND 19,439.48 +114.71 12noon EDT Change DOW 15,285.25 +60.56 NASDAQ 3,500.07 +15.24
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 5.38 6.55 5.00 INDONESIA 13.245 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon SIA tweaks cabins to keep its seat at the high table
    828 1  -  By NISHA RAMCHANDANI [SINGAPORE] Singapore Airlines (SIA) is overhauling its first, business and economy cabins in its biggest cabin upgrade since 2006, as it seeks to maintain its edge in an increasingly crowded and competitive field. Close to US$150
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      104 1 STRAIT TALK Lessons from the air? PAGE 24 EXEC MONEY Japan, regional stocks may still rise PAGE 32 EQUITIES Investors hold stocks longer in 2011 vs 2007 PAGE 5 COMMENTARY Need for coordination to manage resources PAGE 22 8 *****1 *****4 Deutsche Bank db.com Global strength and expertise. At the
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      15 1 Can the bull keep running? Read Bank of Singapore’s outlook for H2 2013 at http://www.btinvest.com.sg/reports
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  • TOP STORIES
    • THREE-MINUTE DIGEST
    • Article, Illustration
      Lock icon NYSE Euronext takes over administration of Libor
      580 2 Brit banks stripped of role but rate to continue to be regulated by UK Bloomberg Reuters [LONDON] Britain will hand over administration of the London interbank offered rate (Libor) to the operator of the New York Stock Exchange as regulators try to revive
      Bloomberg; Reuters; PHOTO: BLOOMBERG  -  580 words
    • Article
      Lock icon China slowing; US, Japan perking up: IMF
      691 2  -  By in ANTHONY ROWLEY in Tokyo A PARADIGM shift is occurring in the global economy as China and other major emerging economies slow in response to capacity constraints and other problems while advanced economies like the United States and Japan are picking up
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    • Article
      Lock icon Factory prices in China seen staying weak
      701 2  -  By AYISHAH MA EJ Insight [HONG KONG] China’s factory-gate prices will remain weak for the rest of the year as the new leadership pursues its reform programme that saw a serious credit crunch last month and industries continue with their destocking cycle, economists
      EJ Insight  -  701 words
    • Article, Illustration
      Lock icon Former top China Sky execs no-show at trial
      741 2  -  By GRACE LEONG [SINGAPORE] The former chief executive officer and the financial controller of China Sky Chemical Fibre were a no-show yesterday at a trial involving the Monetary Authority of Singapore’s (MAS) efforts to permanently freeze US$3.7 million of the ex-CEO’s funds
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    • Article
      Lock icon Correction
      58 2 IN “Temasek forms unit to handle gas business” (BT, July 9), we wrongly suggested that Pavilion Energy’s role is to be assumed by Pavilion Gas. Pavilion Gas is actually a subsidiary of Pavilion Energy and will manage the downstream gas operations in Singapore. It will also distribute and trade
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    • Article
      Lock icon SPH Reit plans to raise up to $554m from IPO
      552 4  -  Units of retail trust to be priced between 85 cents and 90 cents each By ONG CHOR HAO [SINGAPORE] SPH Reit, the retail real estate investment trust to be spun off from Singapore Press Holdings (SPH), is eyeing gross proceeds
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    • Article
      Lock icon MAS facilitates availability of RMB to banks
      401 4  -  Banks here can now settle clients’ cross-border deals in RMB using onshore rates By KELLY TAY [SINGAPORE] The Monetary Authority of Singapore (MAS) has announced a new regulatory framework under which banks here will be able to obtain renminbi (RMB) directly from China’s
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    • Article, Illustration
      Lock icon Why banks here weren’t fined for rigging rates
      589 4  -  By TEH SHI NING [SINGAPORE] The Monetary Authority of Singapore (MAS) did not impose fines on the banks whose traders tried to rig financial benchmark rates because ratesetting today is not a regulated activity, Lawrence Wong, Acting Minister for Culture, Community and
      FILE PHOTO  -  589 words
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      49 2 COMPANY NEWS, PAGE 5 FRONT PAGE SINGAPORE NEWS, PAGE 9 FRONT PAGE GREATER CHINA, PAGE 11 TOP STORIES, PAGE 2 ECONOMY WATCH, PAGE 13 TOP STORIES, PAGE 4 WORLD, PAGE 20 The best pure-play private bank in Asia EFG Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com
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      80 4 for tAe Sponsored by: Julius Bar mom.. The prestigious 8th Singapore Corporate Awards presentation and gala dinner, to be held on Wednesday 7 August 2013 at The Ritz Carlton Millenia Singapore, is open for booking now. Please call Christine Ang at 6319 5119 or email angicc@sph.com.sg fast by 19 July
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Retail investors hold stocks longer in 2011 vs 2007
      654 5  -  Reasons may range from lower churn rate to unwillingness to realise losses By ANDREA SOH THE retail investor is holding his stocks for a longer period on average, from six months in 2007 to 17 months in 2011. There could be
      FILE PHOTO  -  654 words
    • Article
      Lock icon Rotary wins petrochem jobs worth $60m in Q2
      359 5  -  By RONNIE LIM ROTARY Engineering has clinched $60 million worth of jobs from petrochemical players in Singapore in the second quarter, bringing its total in the first half of this year to over $400 million. The listed specialist contractor, which provides engineering,
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    • Article
      Lock icon Unionmet back in the black in Q2
      254 5  -  By CARINE LEE UNIONMET (Singapore) Ltd returned to the black in the fiscal second quarter ended May 31, with a profit of US$300,000, on turnover of US$8.82 million. The Singapore-listed indium ingot maker yesterday said it more than doubled its turnover from US$3.16
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    • Article, Illustration
      Lock icon Myanmar game not lost for SingTel, Yoma
      701 7  -  HOCK LOCK SIEW By KENNETH LIM THE failure of Singapore Telecommunications (SingTel) and Yoma Strategic Holdings to win highly coveted mobile licences in Myanmar may not be a complete loss for the Singapore-listed companies. Although an enticing opportunity may have slipped through their
      FILE PHOTO  -  701 words
    • Article
      Lock icon Oversold Reits offer bargains: OCBC
      511 8  -  Blue chips such as oil and gas also offer haven from expected volatility By KENNETH LIM SINGAPORE real estate investment trusts (Reits) could yield bargains after being dumped the past few weeks, while defensive blue chips remain a good place to ride out the ongoing
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    • Article
      Lock icon Privatisation proposal for Yancoal
      378 8  -  Yanzhou Coal to buy 22% of Yancoal it does not own through share swap By ANDREA SOH YANCOAL Australia Limited, of which Singapore-listed Noble Group owns 13 per cent, has received a privatisation proposal from its holding company Yanzhou Coal Mining Company. In an indicative and
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    • Article
      Lock icon S-Reits may pick up: UOB Kay Hian
      595 8  -  By ONG CHOR HAO INTEREST in Singapore real estate investment trusts (S-Reits) could pick up once investors realise that they are also growth plays, UOB Kay Hian said in a report. “S-Reits are growth vehicles as well, unlike traditional yield plays,” the report
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    • Article
      Lock icon Cosco Corp wins orders worth more than US$200m
      248 8  -  By LYNN KAN SHIPBUILDING contracts are streaming in at Cosco Corporation (Singapore). A European shipowner firmed up an order for four 111,000 deadweight ton (dwt) tankers valued at over US$180 million at Cosco Zhoushan Shipyard. Cosco Zhoushan is a subsidiary of Cosco
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      45 5 s > 3 3 3 f* Sw\ XN w NEXS NexiaTS Listening, Thinking, Growing, Asia, [INTERNATIONAL yean& excellence Congratulations from: HOLDINGS LIMITED UEN:*****1165G No 30 Tagore Lane Singapore *****4 Tel: (65) 6456 7667 Fax: (65) 6459 4316 Website: www.okph.com 4k 4k 1 N V /I C
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI tracks firm HK, Europe markets
      593 6  -  Boost from favourable Greece news; volume low at 2 billion units valued at $1.1 billion STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday managed a 23.16-point rise to 3,178.63, albeit in thin volume of two billion units worth $1.1 billion. Throughout the
      Source: Bloomberg  -  593 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 6 Jul 9 VALUE CLOSE BT OB/OS 434.00 +194.0 BT CADI -*****.00 +160.0 BT 10-day MA -*****.00 +43.00 FTSE ST Mid Cap 748.29 +4.41 FTSE ST Small Cap 571.20 +6.56 FTSE ST All Share 778.35 +5.71 FTSE ST China Top 195.74 +0.73 FTSE ST China 227.24 +0.65 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Mirach Energy 178,813,000 Innopac 79,797,000 Rowsley 57,388,000 Hiap Tong 55,415,000 Golden Agri 47,959,000 WE Hldgs 47,598,000 UniFiber 46,178,000 SunlightGrp 39,254,000 Yoma 39,075,000 MDR 36,711,000 VALUE($) SingTel 65,397,890 Mirach Energy 60,817,705 DBS Grp 48,294,380 Yoma 35,198,295 Noble Grp 33,767,430 GLP 33,218,480 Keppel Corp 28,247,153 Golden Agri 26,818,555
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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 11 4 1 0 0 0 11 4 1 Manufacturing 66 29 38 8 9 7 74 38 45 Commerce 27 8 25 6 4 3 33 12 28 Tpt/Stor/Comms 20 12 5
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Ascendas Reit
        373 6 July 9 close: S$2.20 OCBC Investment Research, July 9 WE are turning positive on Ascendas Real Estate Investment Trust (A-Reit). Its unit price has fallen by 22.7 per cent from its peak of S$2.86 on April 15 (FTSE ST Reit Index: -14.9 per cent), due partly to concerns
        Source: Bloomberg  -  373 words
      • Article
        Lock icon Asian Pay Television Trust
        514 6  -  Compiled by TEH SHI NING July 9 close: S$0.865 AmFraser Research, July 9 ASIAN Pay Television Trust (APTT), structured as a business trust, is focused on pay-TV businesses through its seed asset Taiwan Broadband Communications (TBC) Group. APTT distributes semi-annually and its first distribution per unit
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,075 18,075 46,691 46,691 Manufacturing 295,815 116,657 412,472 140,117 11,662 151,779 Commerce 174,056 80,941 254,997 105,095 7,794 112,888 Tpt/Stor/Comms 101,963 71,544 173,507 151,407 26,682 178,089 Finance 90,771 363 91,134 115,066 155 115,221 Construction 109,356 24,334
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.845 +0.005 CapitaLand 3.060 +0.010 CapitaMall 1.950 +0.015 CityDev 10.780 +0.190 ComfortDelGro 1.905 +0.060 DBS Grp 15.950 +0.150 GLP 2.880 +0.040 Genting SP 1.350 Golden Agri 0.560 +0.005 HK Land 6.770 +0.080 HPH Trust US$ 0.740 -0.005 JMH 60.100 +0.100 JSH
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    • Article, Illustration
      Lock icon Euro gains against yen on Greece aid
      503 6 CURRENCIES Bloomberg [LONDON] The euro yesterday strengthened for a third day against the yen as European Union finance ministers meet in Brussels a day after agreeing to release three billion euros (S$4.9 billion) of aid for Greece. The dollar and yen weakened against
      Bloomberg; PHOTO: BLOOMBERG  -  503 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP GLD 10US$ ***** 323.0 2.1 DBXT Nifty 10US$ 9799 209.4 1.7 DBXT MSKorea 10US$ 5162 121.3 1.9 DBXT MSAsExJp 10US$ 3064 38.3 1.0 JSH 3730 38.3 0.8 Kep Corp.ES.1307 1056 24.0 2.3 DBXT FTVietnam 10US$ 2220 19.2 0.7 CityDev 1078 19.0 1.8 IS MS India
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN DBXT MSTHAI 10US$ 1973 -31.9 -1.3 DBXT MSINDO 10us$ 1439 -30.6 -1.6 Hyflux 6% CPS 10 ***** -29.0 -0.3 DBXT S&P Short 10US$ 2970 -24.3 -0.6 IS ASIA HYG100US$ 1042 -15.3 -1.1 DBXT MSINDIA 10US$ 796 -10.2 -1.0 Lyxor Asia 10US$ 433 -8.9 -1.6 DairyFarm
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      738 7 OUG OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0050E) REDEMPTION NOTICE TO BONDHOLDERS OVERSEAS UNION ENTERPRISE LIMITED (the “Company”) S$300,000,000 Secured Fixed Rate Bonds Due 2013 (the “Bonds”) Capitalised terms used but not defined in this notice shall have the same meanings as given
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      182 8 HCSH.T IEICSIHWIIN 20 July 2013 (Sat) 7,30 pm Esplanade Concert Hall •> I Soprano: Kimberly Eileen lones Baritone: Lawrence M itchell- M atthews Chorus: NUSChoir, Anderson Junior College Choir Chorus Master: Nelson Kwei Enjoy an evening of SCO’s uniquely east-meets-west concert! SCO will present a spectacular jazz blues concert with
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      181 8 One of the LARGEST Investment Fairs in Town! Discover the Wealth Of Investment Opportunities! EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English and Mandarin) Over 40 FREE Investment Seminars Attend Educational Workshops by International Investment Gurus Keynote Presentations by Popular Investment Speakers Dr. Alexander Elder Best-selling Author, Director of
      181 words
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      93 8 SSBSSSSSSfD^ 19-21 August 2013 Marina Bay Sands, Singapore An event that gathers Singapore's healthcare clusters Biometric Experience Medical Technology Medical Equipment Supplies system mHealthTeleHealth rehabilitation Kitchen Equipment erm Healthcare Orthopaedic Operation hlshuman resource Patient Record System safetypharmaceutical Innovation SUPPLY CHAIN facilities management Data Storage DRUGS RFID Advancing Asia's Heartbeat Limited
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Best views at National Stadium going for $1,950
      577 9  -  1,655 premium seat memberships for sale at $5,850 valid for three years By LEE U-WEN THOSE who want to enjoy some of the best views at the upcoming Singapore Sports Hub’s National Stadium and get treated like VIPs along with it now
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    • Article, Illustration
      Lock icon Westin brand to return here in November
      503 9  -  By NG ZHUO YANG THE Westin brand’s home base may be the United States but the spread of its properties is set to change, with 90 per cent of its pipeline properties coming up outside the US. Specifically, the Asia-Pa-cific region has become
      503 words
    • Article, Illustration
      Lock icon Showa Denko chairman awarded Public Service Star
      209 9 PRESIDENT Tony Tan yesterday conferred the Public Service Star (Distinguished Friends of Singapore) 2012 on Kyohei Takahashi, representative director and chairman of the board of directors of Showa Denko K K, for his significant contributions to Singapore. During Mr Takahashi’s tenure as the
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    • Article
      Lock icon Results of free morning MRT travel ‘encouraging’
      562 9  -  It has smoothened morning peak in rail network: minister YESTERDAY IN PARLIAMENT By SAMUEL EE FREE pre-peak hour travel on MRT trains may have started only a couple of weeks ago but it has already smoothened the morning peak in the rail network,
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    • Article
      Lock icon LTA to file claims against failed contractor Alpine Bau
      299 9  -  By MINDY TAN THE Land Transport Authority (LTA) will file its claims with the insolvency administrator in an attempt to recoup some of the losses made due to Alpine Bau’s filing for insolvency. Speaking in Parliament yesterday, Transport Minister Lui Tuck
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    • Article, Illustration
      Lock icon Events put Singapore on world stage for entrepreneurship
      439 9  -  By MALMINDERJIT SINGH SINGAPORE has emerged as a major driver of entrepreneurship globally, going by recent events. For one, a local business champion raised Singapore’s profile at the United Nations, sharing the floor in a panel discussion on entrepreneurship with UN sec-retary-general
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon 2 mixed devt projects coming up in Iskandar
      400 10 They will take up over 10ha of land; investment value comes to RM2.3b [KUALA LUMPUR] Two more big projects worth at least RM2.3 billion (S$922.2 million) are set to take off in the Iskandar Malaysia region in Johor. Iskandar’s developer, Iskandar Investment
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    • Article, Illustration
      Lock icon Bumi close to deal for Bakrie exit with US$508m sale
      730 10 Bloomberg [LONDON] Bumi plc, the Indonesian coal producer at the centre of an ownership dispute, is close to a US$508 million deal that will see one of its co-founders, the Bakrie family, exit from their investment in the group, according
      Bloomberg; PHOTO: BLOOMBERG  -  730 words
    • Article
      Lock icon More pessimism about corruption in Malaysia
      374 10  -  Only 31% believe govt is successfully combating graft By S JAYASANKARAN in Kuala Lumpur THE latest global survey on corruption suggests that Malaysians are losing confidence in their government’s efforts to fight corruption. The results of the survey by Transparency International showed yesterday that
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    • Article
      Lock icon Indonesia’s coffee output seen hitting record this crop year
      416 10 Reu ters [SINGAPORE] Indonesia’s coffee output is likely to hit a record of over 12 million 60-kg bags this crop year, the International Coffee Organization (ICO) said on Monday, raising its forecast for the world’s third-largest producer by 13 per cent.
      Reuters  -  416 words
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      194 10 ■61 t •S' k. r AN INDULGENCE LIKE NO OTHER COFFEE &CRUST (p CHOCOLATE BUFFET Chocolate lovers will rejoice with the introduction of the Chocolate Buffet at Coffee Crust. Indulge in a chocolate fountain of fruity delights and an array of chocolate desserts including macarons, cakes, and tarts. Available daily
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Burning coal cuts lives by 5 years: study
      634 11 Govt policy of providing free coal for heat takes a toll on north Chinese WP [BEIJING] People in northern China may be dying five years sooner than expected because of diseases caused by air pollution, an unintended result of a dec-ades-old policy
      WP; PHOTO: REUTERS  -  634 words
    • Article
      Lock icon Beijing eyes foreign help in busting graft
      371 11  -  By SC YEUNG EJ In sight [HONG KONG] The total figure is startling. As many as 18,000 corrupt Communist Party and government officials and others fled China between 1990 and 2011, siphoning off something like 800 billion yuan (S$166.74 billion) between them. The
      EJ Insight  -  371 words
    • Article
      Lock icon China firms in US: IPOs left in delistings’ dust
      390 11 Bloomberg [NEW YORK] Delistings by Chinese companies that traded in the US are outnumbering initial public offerings (IPO) by the most in at least four years as valuations fall to the lowest since 2008. So far in 2013, eight Chinese companies
      Bloomberg  -  390 words
    • Article
      Lock icon Rules on interbank bond trading to be tighter
      279 11 Bloomberg [BEIJING] China’s central bank is tightening rules on interbank bond market trading by ordering all transactions to be conducted through the National Interbank Funding Center as it seeks to boost transparency. Transactions including forward deals and repurchases can’t be reversed or
      Bloomberg  -  279 words
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      294 11 im :frl 1 edge IT L m u _3 *tar k Bk THEATRE va f7/ Sunday Brunch at Edge Kick-off a lazy Sunday with Edge's extensive Sunday Brunch spread. Highlights include Alaskan King Crab, Japanese Scallops, a 'live' Roti Prata station. Black Angus Rib Eye, Pan Fried Foie Gras and
      294 words
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  • INDIA
    • Article, Illustration
      Lock icon India central bank to set curbs on non-bank lenders
      753 12 Need for regulation arising with non-bank lending outpacing bank sector IFR [MUMBAI] India’s central bank has tabled reforms to the funding practices of non-bank lenders in a move that some observers believe underlines its determination to limit the growth of a
      IFR  -  753 words
    • Article
      Lock icon India tightens rules on forex derivatives
      174 12 Reuters [MUMBAI] India’s regulators toughened rules for derivatives trading in the currency market in a bid to arrest the steep decline of the rupee, which fell to a record low against the US dollar on Monday. The Reserve Bank of India (RBI), in a
      Reuters  -  174 words
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      2574 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices INFORMATICS EDUCATION LTD. (Company Registration No: *****3419G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirtieth Annual General Meeting of INFORMATICS EDUCATION LTD. (the “Company”) will be held at Hotel InterContinental Singapore,
      2,574 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Growing optimism about UK economy: surveys
      676 13 Improvement in housing prices, business confidence and retail sales Reu ters [LONDON] Optimism about Britain’s recovery outlook grew yesterday as a trio of surveys flagged rising house prices, improved business confidence and steady growth in retail sales. The Royal Institution of Chartered Surveyors’ house
      Reuters; PHOTO: BLOOMBERG  -  676 words
    • Article
      Lock icon Aussie business conditions much weaker in June: poll
      397 13 Reuters [SYDNEY] Australian business conditions weakened sharply in June as sales and profits both suffered from a lack of demand, although a drop in the local dollar seemed to lift optimism at some companies, a survey showed yesterday. National Australia Bank’s monthly
      Reuters  -  397 words
    • Article
      Lock icon UK insurer body bemoans stifling capital rules
      479 13 Regulators foil govt policy by failing to take holistic view Reu ters [LONDON] Regulators placing more onerous capital requirements on insurers are stifling investment that would jump-start economic recovery, frustrating government policy, a UK industry association said. In a report published yesterday to
      Reuters  -  479 words
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      41 13 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I D FACEBOOK.COM/HOTFMSG I 3* HOTFMSG Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices CLA/FEB1 1/g
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      1815 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices POWERMATIC DATA SYSTEMS LIMITED (Company Registration Number: *****0414E) (Incorporated in Singapore with limited liability) AGM EGM Venue: 135 Joo Seng Road, #08-01, Singapore *****3 NOTICE OF TWENTY-FOURTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of Powermatic
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  • WORLD
    • Article, Illustration
      Lock icon US, EU start free-trade talks despite concerns
      556 14 Pact could boost US, EU growth by more than US$100b each a year Reuters [WASHINGTON] The United States and the European Union (EU) are holding talks on a landmark bilateral free trade agreement. US Trade Representative Michael Froman touted the economic benefits a
      Reuters; PHOTO: AFP  -  556 words
    • Article
      Lock icon White House trims outlook for US growth
      434 14 It now expects GDP to rise 2.0% this year, 3.1% next year Reuters [WASHINGTON] The White House on Monday trimmed its outlook for US economic growth but said the deficit was shrinking faster than projected in a budget update that was virtually ignored
      Reuters  -  434 words
    • WORLD WATCH
      • Article
        Lock icon Greece wins release of aid worth 3b euros
        98 14 Bloomberg [BRUSSELS] European governments agreed to release three billion euros (S$4.9 billion) of aid for Greece, seeking to buy enough financial calm to prevent another debt-crisis showdown until after Germany’s elections in September. Greece will get 2.5 billion euros this month and
        Bloomberg  -  98 words
      • Article
        Lock icon EU hits Russia with first WTO dispute
        72 14 Reuters [GENEVA] The European Union (EU) launched the first formal trade dispute with Russia at the World Trade Organization (WTO) yesterday, less than a year after Moscow joined the trading club. The EU has told the WTO it held that Russia was illegally
        Reuters  -  72 words
      • Article
        Lock icon Shell names van Beurden as new CEO
        105 14 Reuters [LONDON] Royal Dutch Shell named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on. Mr van Beurden,
        Reuters  -  105 words
    • Article, Illustration
      Lock icon Showdown over reach of US derivatives rules
      754 16 Foreign regulators up in arms over global reach of US Dodd-Frank Act, aimed at transparency Bloomberg [WASHINGTON] A three-year battle over the international reach of US rules is coming to a head this week as regulators attempt to complete final guidelines for their
      Bloomberg  -  754 words
    • Article
      Lock icon Regulators want stricter rule for 8 of the biggest US banks
      358 16 AP [WASHINGTON] Regulators want to require eight of the largest US banks to meet a stricter measure of health to reduce the threat they pose to the financial system. The Federal Reserve, the Federal Deposit Insurance Corp and the
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    • Article
      Lock icon Tokyo worried over shrinking size of military
      599 18  -  White Paper points to ‘acute’ security situation taking hold in East Asia By ANTHONY ROWLEY in Tokyo HOW to solve the problem of Japan’s shrinking military? This is one of the challenges facing defence planners in Tokyo, who say that they see an
      599 words
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      Lock icon Spaniards in fight to get savings back
      1094 18 Bankers misled them into buying complex products, they say NYT [MADRID] For Gonzalo López, 77, it has been a lifetime of scrimping on a factory worker’s salary, trying to save enough to make sure that his brain-damaged son would be cared for even
      NYT; PHOTO: SAMUEL ARANDA/THE NEW YORK TIMES  -  1,094 words
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      Lock icon Google data policy faces Brazil probe
      402 20 Bloomberg [BRASILIA] Brazilian authorities will investigate data storage policies of technology companies such as Google Inc after a Brazilian newspaper report alleged that the US government spied on e-mail traffic in Latin America’s largest economy. “We need to see where data was stored,” President
      Bloomberg; PHOTO: AP  -  402 words
    • Article
      Lock icon JPMorgan sees more losses for corporate debt
      657 20 Cost of protecting the securities from default in US falls the most in a week Bloomberg [HONG KONG] The chief market strategist at JPMorgan Chase Co, the world’s biggest underwriter of corporate bonds, says the worst first half of the year on record
      Bloomberg  -  657 words
    • Article
      Lock icon UK battles to build big-name tech firms
      970 20 Reuters [LONDON] East London’s technology hub is established well beyond start-up status: thousands of new Web firms now work in the offices around Old Street and on any given day the area’s coffee shops buzz with young hopefuls meeting advisers and investors. Britain’s
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    • Article
      Lock icon US, China air hacking concerns before annual talks
      496 21 US official hopes the session will set tone for future exchanges on cyber security AFP [WASHINGTON] The United States and China on Monday aired out concerns on hacking, which has emerged as a major irritant between the world’s two largest economies in
      AFP  -  496 words
  • Page 14 Advertisements
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      107 14 ■1 r: Looking for a new office for your business? You’re looking at the right ad HOI i wS W m 3 m S' Search for your ideal office from over 5,000 commercial and industrial properties. Discover Top 10 Popular Projects every week 13 “Sort by psf” feature helps you
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      2064 15 BAN LEONG TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****3898C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ban Leong Technologies Limited (the “Company”) will be held at 150 Ubi Avenue 4, #04-01, Singapore *****5 on Friday, 26 July
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      2667 15 Jasper Investments Limited (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0983H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at GV Vivocity 1 HarbourFront Walk #02-30 Vivocity Singapore *****5 on Friday, 26 July 2013 at 9.30
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      2516 16 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BUKIT SEMBAWANG ESTATES LIMITED (Company Registration No. *****0177M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 47th Annual General Meeting of the Company will be held at Amara Singapore Hotel, Ballroom 1, Level
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      335 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REDHILL PROPERTY MANAGEMENT PTE. LTD. (Company Registration No: *****6647N) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the abovenamed Company held on the 5th day of July 2013 the following special resolution was duly passed:
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      1728 17 MERCATOR LINES (SINGAPORE) LIMITED (Company Registration No. *****7205N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mercator Lines (Singapore) Limited (the “Company”) will be held at Meeting Room, Libra Gemini, Level 1, Marina Mandarin Singapore, 6 Raffles
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      2677 17 JASON MARINE GROUP LIMITED Company Registration No.: *****6601W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Jason Marine Group Limited (the “Company”) will be held at 194 Pandan Loop, #05-27 Pantech Business Hub, Singapore *****3 on Thursday,
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      106 18 the chitecture iltuivironment seriBQ qP events For the built environment and FI'IEE lnterDecAsia2013 interior Decor Retrofitting Expo ;Ms/ 2075 International Building Technology Expo PAVING FUTUHE O p i-IGH v MG Moving Towards Future Space Management Utilization Operation c Functional Capital kesoperatessst, DECOMMISSION Delivery Management ISWaKTTM. BUILD DESIGN Building Information Management
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      420 18 n a a Discover a total solution r your every business need XPC ASIA 10-12 July 2013 10:30am 6.30pm (Wed Thu) 10:30am 5.30pm (Fri) Level 1, Hall B C Marina Bay Sands Singapore Enjoy expanded sourcing opportunities! Your visitor badge allows you to visit both Office Expo Asia and Singapore
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      5485 19 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CSC HOLDINGS LIMITED COMPANY REGISTRATION NO. *****7845E (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF 1 6 th ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 16th Annual General Meeting of CSC Holdings Limited (the “Company”) will be held at 4th
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      1170 20 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Company Registration No. *****1332G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the 25th Annual General Meeting of Singapore Shipping Corporation Limited (the “Company”) will be held at Klapsons, The Boutique Hotel,
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      1155 20 STAMFORD LAND CORPORATION LTD Company Registration No. *****1615H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING AND BOOKS CLOSURE NOTICE IS HEREBY GIVEN that the 35th Annual General Meeting of Stamford Land Corporation Ltd (the “Company”) will be held at Klapsons, The Boutique Hotel, Tower Fifteen, Level
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      3711 21 tff SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (Registration No. *****06) (A business trust constituted on 29 July 2011 under the laws of the Republic of Singapore and registered under the Business Trusts Act, Chapter 31A of Singapore) Managed by Religare Health Trust Trustee Manager Pte. Ltd. (Registration number:
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  • EDITORIAL & OPINION
    • Article
      Lock icon Singapore Flyer must reinvent itself
      458 22 EDITORIAL THE Singapore Flyer, one of the most prominent landmarks dotting the city’s skyline, is in financial trouble just five years after it opened to much fanfare as the world’s largest observation wheel. After going into receivership six weeks ago, no one quite knows what
      458 words
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      Lock icon China makes progress in relations with Asean
      787 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA has significantly moderated its attitude toward its neighbours in South-east Asia, without withdrawing any of its territorial claims in the South China Sea.
      787 words
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      Lock icon Need for coordination to manage resources
      938 22  -  An international metal covenant to promote recycling could be one of the key initiatives By RAIMUND BLEISCHWITZ The writer is resident fellow at AICGS/Johns Hopkins University in Washington, DC, co-director of the Research Group on Material Flows and Resource Management at Germany’s Wuppertal Institute,
      Project Syndicate; PHOTO: BLOOMBERG  -  938 words
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      Lock icon Sifting out the ‘noise’ about Asia
      1187 23  -  Emerging market economies in the region are fundamentally sound in the midst of current turmoil By DAVID MANN The writer is Regional Head of Research, Asia, at Standard Chartered Bank THERE is an irony to the sell-off in emerging markets recently. It is the
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      Lock icon Rebuilding Pakistan’s broken economy
      962 23  -  By SAJJAD ASHRAF The writer, an adjunct professor at the Lee Kuan Yew School of Public Policy, National University of Singapore, and visiting senior research fellow at the Institute of Southeast Asian Studies, was Pakistan’s High Commissioner to Singapore from 2004-2008. PAKISTANI Finance Minister Ishaq Dar
      PHOTO: AP  -  962 words
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  • Transport HUB
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      Lock icon Lessons from the air?
      815 24  -  The aviation industry could provide shipping useful pointers in building a safety culture STRAIT TALK By DAVID HUGHES OCTOBER may still seem a long way off but I have just received a press release from the international ferry operators’ association Interferry, reminding me of its 38th
      815 words
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      Lock icon MPA hires Lloyd’s Register for LNG bunkering project
      358 24  -  UK organisation will identify and develop necessary standards and procedures By LYNN KAN SINGAPORE has taken the first step towards its 2015 target of LNG bunkering where liquefied natural gas (LNG) is used to refuel ships in the Port of Singapore. The
      358 words
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      Lock icon Tanker scrapping hit by record low rupee
      987 24 Bloomberg [LONDON] The Indian rupee’s slump to a record low is curbing tanker demolitions, prolonging a capacity glut and the most unprofitable freight rates in at least 16 years. Shipping companies sold 22 for demolition in the first half, down from 35 in
      Bloomberg; PHOTO: REUTERS  -  987 words
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      Lock icon TRANSPORT STOCKS
      243 24 SGX '000 Jul 9 S$ +/-Vol CH Offshore 0.44 0.02 102 Chuan Hup Hldg 0.26 0.01 165 Cosco Corp 0.74 -0.01 1864 S$ Ezra Hldgs 0.97 0.01 1575 First Ship Lea Freight Links 0.10 unch 6608 Grand Banks unch unch 0 Jaya Hold Ltd Chuan Hup Hldg K1Ventures
      243 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Asiana likely to save millions by barring US suits
        1354 25 It may argue most Chinese, Koreans’ final destinations were home countries Bloomberg [NEW YORK] Asiana Airlines Inc could avoid hundreds of millions of dollars in verdicts and settlements by employing a tactic under international law to bar Chinese and South Korean
        Bloomberg; PHOTO: REUTERS  -  1,354 words
      • Article
        Lock icon AIG lead insurer covering Asiana crash
        301 25 Bloomberg [NEW YORK] American International Group Inc (AIG) was the lead insurer providing coverage for the Asiana Airlines Inc jet that crashed while landing in San Francisco last weekend, according to two people familiar with the matter. The coverage is split among several insurers
        Bloomberg  -  301 words
      • Article
        Lock icon Crash experts recall 1999 Korean crash
        574 25 WP [WASHINGTON] A comment on Monday by the head of the National Transportation Safety Board sounded reasonable to the average ear, but for aviation crash experts, there was an immediate connection to a remarkable 1999 crash of a Boeing 747 just after takeoff from
        WP  -  574 words
    • TRANSPORT HUB: LAND
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      27 24 0 r VH101 HOB After Hours JULY 26, 2013 (FRIDAY) UNWIND ON A FRIDAY NIGHT WITH THE LUXURIOUS ALL-NEW HONDA ACCORD! SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS SPHmagazines
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      22 24 Into its 10thedition Participate In Singapore’s MEGA WORLD FOOD FAIR SINGAPORE EXPO HALL 4 5th 8th Sept 2013 *****620 or Email: sales@exhibitsinc.com.sg
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  • Page 25 Miscellaneous
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      342 25 CRYPTIC CROSSWORD Across 1 In agreement to make amends (5) 4 Depression restricting spring expedition (8) 10 He cuts with a right pure boxing (7) 11 Without hesitation battered fish is put in front of fellow officer (7) 12 Offensive characters recalled from Tess of the d’Urbervilles (4) 13 Private
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      589 26 Workplace Success: Unlock Your Potential Maximise Your Performance Who should attend: Senior and Middle Management, Supervisors, Social Media Managers Consultants, Corporate Communications and Marketing Managers Consultants, Sales and Business Development Managers Executives, and those who are interested in attaining higher productivity at work. Productivity and Credit (Pi g Claimable FULL-DAY
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      918 27 The Business Times Shipping times Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL
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      504 27 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TONSBERG FF327 24/06 28/06 01/07 03/07 10/07 16/07 TAMPA CF321 01/07 05/07 09/07 15/07 20/07 ENDURANCE FF329 17/07 20/07 23/07 26/07 31/07
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      1291 28 Shipping Times TOLL MARINE LOGISTICS PERKINS SHIPPING (SINGAPORE) PTE LTD LOYANG OFFSHORE SUPPLY BASE, LOYANG CRESCENT, BLK 103, TOPS AVE 1, #08-01, SINGAPORE *****8. MAILBOX NO. 5013 CR NUMBER: **********0G OPERATOR CODE: PV WEEKLY CONTAINER CONVENTIONAL SERVICE TO EAST TIMOR NORTHERN AUSTRALIA VESSEL VOY ETA SIN ETD SIN ETA DILI
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      205 28 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 08/13 11/07 13/07 BELITUNG/PKL BALAM SRI JAYA 8 07/13 12/07 14/07 JAMBI/PEKAN BARU FAJAR MAS 07/13 12/07 14/07 PALEMBANG/PANJANG SINOPA 11/13 IN PORT 11/07 BENGKULU/PADANG SIANIRI 10/13 16/07 18/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 15/07 17/07
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3135 29 Transaction date: Jul 9 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 8.8 3 A-Sonic Vol Day Last Quote Div Gr Yld Net 188 106 AIMSAMPIReit 160 +1.5 227 161.5 158.5
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      Lock icon SGX CATALIST
      214 30 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 2.4 1.3 t Advanced System 1.4 unch 194 1.4 1.4 1.3 1.5 22.3 Div Gr Yld Net M Cap High Low
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10722 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian local Ccy SO Bond Asian Smaller tos'* Global Emerging Markets!** 1
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      Lock icon GLOBALQUOTE
      262 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A43 +2.5 6 43 43 43 44 3.6 8.1 3.5 159.2 52 31 Genting HK US$ US45 +0.5 5889 45 44 44.5 45 2963
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    • Article
      Lock icon SGX ETF
      874 30 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 127.7 130.3 131.2 114.4 99 CIMB APAC Div 100US$ US99.2 109.5 110.3 10.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      628 31 Jul 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.44 *****.90 *****.03 Sep13 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Dec13 *****.00 *****.00 *****.00 *****.00 30 ***** MSCI TAIWAN INDEX FUTURES SPOT 281.12 284.62 280.73 Jul13 278.40 282.70 278.40 282.40 ***** *****2 Aug13 277.90
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Jul 8 Index Change Change Change Change Change Change World Preliminary 1057.8 0.5 12.7 0.5 14.1 0.6 8.9 EAFE Preliminary 864.9 0.5 11.7 0.6 8.4 0.6 3.4 Europe Preliminary 1224.5 1.4 6.7
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 31 Jul 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.967 5.628 0.713 7.122 55.134 91.425 0.929 10.477 2.927 1.166 91.838 39.930 1.173 9.251 0.888 27.645 28.724 0.614 0.918 Canada 1.034 5.819
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    • Article
      Lock icon SIBOR
      66 31 Jul 9 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      137 31 Jul 9 GOLD(US$/oz) Jul 08 Jul 09 Hong Kong 1237.20 1268.30 Jul 05 Jul 08 London 1214.50 1236.41 1215.25 1237.18 Source: Thomson Reuters CAST BAR Jul 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 329 257 10gm 588 514
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 31 Jul 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****X 10-Jan-14 0.3 0.24 0.24 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.08 5-Year N*****0T 0.5
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    • Article
      Lock icon PALM OIL
      57 31 Jul 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2390.0 2396.0 2415.0 2390.0 8 636 Aug 13 2383.0 2405.0 2409.0 2380.0 2270 ***** Sep 13 2383.0 2397.0 2400.0 2375.0 ***** ***** Oct 13 2375.0 2384.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 31 Jul 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1720 1.1731 0.9181 0.9182 Canadian dollar 1.2118 1.2128 0.9493 0.9492 Euro 1.6443 1.6457 1.2880 1.2881 NZ dollar 1.0047 1.0059 0.7870 0.7873 Sterling pound 1.9094 1.9110 1.4957 1.4958
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 As at 9am Jul 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.194 1.138 Can dollar 1.234 1.187 Euro 1.685 1.605 Sterling pound 1.947 1.873 NZ dollar 1.021 0.982 US dollar 1.308 1.246 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 31 Jul 9 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 0.55 0.35 9 months 0.65 0.45 12
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    • Article
      Lock icon CHICAGO BOT
      109 31 Jul 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1609.25 1588.00 1616.25 1585.00 Aug 13 1455.50 1432.00 1459.50 1426.75 Sep 13 1300.25 1276.25 1301.75 1275.25 Nov 13 1252.25 1228.25 1254.00 1225.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • Article
      Lock icon LIFFE
      95 31 Jul 8 COCOA (£/tonne) Close Prev High Low Jul 13 1484 1504 1516 1484 Sep 13 1508 1526 1536 1506 Dec 13 1508 1526 1535 1506 Mar 14 1504 1520 1529 1503 COFFEE(US$/tonne) Close Prev High Low Jul 13 1802 1787 1809 1787 Sep 13 1822 1809 1828 1795
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      976 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Albedo Limited W*****9 0.7 unch 400 AlliedTech W*****2 Prem Disc Asiatravel.com HoldingsW*****7 0.2 1 25 12 Asiatravel.com HoldingsW*****5 0.5 1 27 36 BakerTech W*****5 12.8 0.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Jul 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.97 0.59 WTI (Near Mth) 103.02 -0.10 Dubai (1-Mth F) 102.66 1.28 Tapis blend 112.08 1.35 Minas 107.63 1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.94 0.27 Jet Kerosene 120.37 0.95 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Jul 9 S$ Bid Offer 1-month 1.2765 1.2775 2-months 1.2765 1.2777 3-months 1.2766 1.2778 6-months 1.2766 1.2780 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 31 Jul-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1757.25 1723.75 3 months 1803.00 1768.00 Copper, Grade A(US$/tonne) Cash 6820.00 6782.50 3 months 6830.00 6789.00 Lead(US$/tonne) Cash 2054.50 2018.00 3 months 2071.00 2030.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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  • executive Money
    • Article, Illustration
      Lock icon Japan, regional stocks may still rise
      701 32  -  Japanese householdsholding trillions of dollars in banks could pump money into equities, reportsTEH TEH HOOI LING THE flow of cash from Japanese households into equities is far from over, and as such there is still room for stock prices in Japan and the region
      701 words
    • Article
      Lock icon Why higher US yields should cheer investors
      642 32 Reuters [LONDON] Rising US bond yields should embolden, not spook, investors as they reflect improving growth and increase the allure of assets that most benefit from an economic upturn. The violent market reaction to the prospect of an eventual end to the Federal
      Reuters  -  642 words
    • Article, Illustration
      Lock icon Gold bulls defy price slump
      1264 33 Investors may see better returns in the rest of this year as gains averaged 1.3% in the second half from 1981 to 2000 Bloomberg [LONDON] HEDGE funds lifted their bets on a gold rally as signs of an improving US economy drove prices lower in
      Bloomberg; PHOTO: BLOOMBERG  -  1,264 words
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      586 32 YOU DON'T MEASURE EXCELLENCE AGAINST vx m ■rs'K .-T -I r ,/p -.*<■ ■~*Z <*»• k. •TL. ->c <1. ''S a When something is a model of excellence, we describe it ■■■■■■■■■S as the gold standard. As an investor, you're always looking for a better way to accumulate wealth. Now
      586 words
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      500 33 STARTS WITH INSIGHT. PIONEER OF THE WORLD'S FIRST ETF SPDR m i 3 A ltl ‘‘CwSi w r *<■? e i‘' s 0ft ‘bo J,b/>6, Of is, a *We/ tejJ fad fa IgJ frotS 4? ttfaoL G °Jd tw <i ■t ‘■'■oZ 0e y£ **r 0/ /o; w 'e3 J
      500 words
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      280 34 The Biggest Career Fair in Singapore Returns! VISIT THE STJOBS CAREER DEVELOPMENT FAIR 2013 STJOBS CAREER& DEVEL0PMENT2013 Find My Dream Job STJobs i Career Insights Upload your resume and record your video resume to search and apply for your ideal job 14% 19% Find out if your career is heading
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