The Business Times, 22 April 2008

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Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, April 22,2008
    21 words
  • Article, Illustration
    Lock icon Act fast or face deep recession: Tony Tan
    784 1  -  MICHELLE QUAH World could see worst recession in 30 years unless policymakers intervene urgently By [SINGAPORE] The global economy will run into even more turbulence if policy makers don't act quickly and decisively to ease the credit crunch spilling over from the
    LIM WUI LIANG/THE STRAITS TIMES  -  784 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONGKONG 5.25 INDONESIA 15.861 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.25 CANADA 5.25 SWITZERLAND 3.75 INDIA 12.25 Source: I
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      44 1 KLCOMP 1,280.00 +12.35 NIKKEI 225 13,696.55 +220.10 HANG SENG 24,721.67 +523.89 SET INDEX 841.98 -3.42 JAKARTA COMP 2,335.89 -13.38 MANILA COMP 2,890.92 -24.75 SEOUL COMP 1,800.48 +28.58 SHENZHEN B 517.33 +11.20 MUMBAI IND 16,739.33 +258.13 12NOONEDT Change 12,796.85 -52.51 DOW NASDAQ 2,400.67 -2.30
      44 words
    • Article
      Lock icon FOREX
      42 1 US$ (S$ per US$) 1.353 (US$/S$ )er£) 1.993 2.696 EURO (US$/S$/E) 1.587 2.147 YEN 103.40 76.40 RM 3.142 2.323 HK$ 7.795 5.763 BAHT 31.54 23.31 RUPIAH 9,189 6,793 RENMINBI 6.999 5.174 INDIAN RUPEE 39.89 29.49 A$ 1.062 0.785 NZ$ 1.264 0.934
      42 words
  • Article, Illustration
    Lock icon Lax guards and a window that opened for Mas Selamat
    972 1  -  RAHUL PATHAK Blunt report nails lapses that led to escape; officers face disciplinary action By [SINGAPORE] One unsecured window, a couple of complacent guards and 11 critical minutes of privacy helped Mas Selamat Kastari pull off his audacious escape on
    972 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
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  • TOP STORIES
    • Article, Illustration
      Lock icon Meltdown fears pass, but worst may not be over yet: IMF
      625 2  -  VIKRAM KHANNA By [SINGAPORE] Although the risk of a financial meltdown has passed, the worst of the US banking and economic crisis may not yet be over, as the crisis moves into new phases, according to a senior official
      JOHN HENG  -  625 words
    • Article
      Lock icon GIC sets up three panels to oversee operations, investments and risks
      480 2  -  MICHELLE QUAH Lim Siong Guan to chair management committee By [SINGAPORE] The Government of Singapore Investment Corp (GIC) has set up three new committees to help it better manage its business operations, investments and risks. The group management committee,
      480 words
    • Article
      Lock icon Centillion paid nTan $12m for deal to keep it going
      425 2  -  CHEWXIANG $2.5 m cash, $9.5 m through new shares issue by July 31 By [SINGAPORE] Nicky Tan's firm nTan Corporate Advisory was paid $12 million for brokering the deal that kept Centillion, formerly Citiraya, from collapsing after a bribery scandal
      425 words
    • Article
      Lock icon Borderless E&Y integrates units to be seamless
      604 2  -  LYNETTE KHOO 87 country practices in Europe, Mid-East, India, Africa to operate as one unit By [SINGAPORE] Reflecting the increasingly borderless nature of its business, Ernst Young has embarked on a global move to further integrate its country practices into five "areas". Each
      604 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon K-Reit Q1 distributable income soars 165.9%
        73 2 K-REIT Asia has reported distributable income of $11.4 million for the quarter ended March 31, a 165.9 per cent increase from the same period in 2007. This was attributed mainly to income from its one-third interest in One Raffles Quay Pte Ltd, the acquisition
        73 words
      • Article
        Lock icon Bio-Treat shares dive on default notice
        76 2 SHARES of Bio-Treat Technology slumped to a record low yesterday on news the company has received a default notification from the investment banking arm of Merrill Lynch for put options it exercised on convertible bonds held. In a knee-jerk reaction, the counter fell five
        76 words
      • Article
        Lock icon Capita Land, Abu Dhabi agency tie up to develop projects
        71 2 CAPITALAND and Abu Dhabi investment agency Mubadala Development Co said that they had set up a US$3OO million joint venture to develop property projects. The new venture, in which Mubadala has a 51 per cent stake, will focus on developing
        71 words
      • Article
        Lock icon Inflation is Asia's top risk: Aussie economist
        64 2 INFLATION is the No 1 risk for Asia, ranking even higher than the current credit squeeze and global economic slowdown, a top Australian economist said yesterday. But inflation can be managed if countries allow greater appreciation of their currency, according to Roger Donnelly,
        64 words
      • Article
        Lock icon Emerging markets' oil use set to exceed US this year
        66 2 EMERGING markets for the first time will consume more crude oil than the US this year. They will burn 20.67 million barrels a day this year, an increase of 4.4 per cent, according to the International Energy Agency. US demand
        66 words
      • Article
        Lock icon Abdullah acts to reform anti-corruption agency
        80 2 PRIME Minister Abdullah Ahmad Badawi continued his reform push by announcing plans yesterday to make the Anti-Corruption Agency independent by year-end while amending the laws to protect whistle-blowers. But it isn't clear if he will remain premier long enough to push his reform agenda
        80 words
      • Article
        Lock icon Bank of America plans to sell Chinese bank stake: report
        70 2 BANK of America Corp plans to sell part of its stake in China Construction Bank Corp to shore up capital, the Financial Times reported, citing unidentified people familiar with the matter. The US bank may, at the same time, exercise
        70 words
      • Article
        Lock icon Commercial unit, good class bungalow up for sale
        104 2 A LARGE commercial unit at The Riverwalk, Upper Circular Road, is up for sale at an indicative price of $23 million. The unit has a strata area of 20,161 sq ft that represents a 12.11 per cent ownership stake. The indicative price
        104 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      126 2 Waterbeds Futons Sofa Beds Spring Mattresses 12! MUBk Feather Down Pillows/Quilts I ■EffiQHtiffiES Bedding Accessories MORE! A Our qualified professionals Wfm I can assist you with offshore g J structures, shelf companies and incorporations in ALL jurisdictions including: >'^ffl I Britis'l Virgin Islands P^L^^^^^l Cayman Islands i^^^FS *Bariamas i^l Seychelles
      126 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      448 3 sH^ii JH ■■VKr^i/t» h^ySS .^p^^^osei Kiev ■em. 'vk\ v&SSBSL vfleaaE S"*"!**^ /T w, Mr***" •leffS^eerFM' lilll 'li Beam V IB ——■^^■■aF*' .«««W"lbC I. i|Blf'('■ff 1 V /WEB rafi m//*' 4 iii Willi] Talk your way to more business deals with an M 1 Talk All U Can Plan*. X" For
      448 words
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  • MAS SELAMAT ESCAPE
    • Article, Illustration
      Lock icon Wrong assumptions and CCTV cameras 'not commissioned yet'
      652 4  -  LEE U-WEN Escape is a costly and painful wake-up call: DPM Wong By [SINGAPORE] A series of assumptions by the different authorities at the Whitley Road Detention Centre each confident that the other had done their job all contributed to helping terrorist
      MINISTRY OF HOMEAFFAIRS  -  652 words
    • Article
      Lock icon Of tracker dogs and Mas Selamat's pants – MPs raise questions
      703 4  - Of tracker dogs and Mas Selamat's pants MPs raise questions CHUANG PECK MING By [SINGAPORE] After a detailed report on the escape of Jemaah Islamiah leader Mas Selamat bin Kastari, Deputy Prime Minister Wong Kan Seng still had plenty of work ahead of him as he responded to hours of
      703 words
    • Article
      Lock icon Govt looking at new detention centre at Changi
      699 4  -  LEE U-WEN Govt accepts 10 recommendations made by probe panel after escape By [SINGAPORE] The government has accepted a list of 10 recommendations put forth by the Committee of Inquiry (COI) that investigated terrorist Mas Selamat Kastari's escape, chief among them to
      699 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      244 4 ifcSkto DISCOVER SECRETS HOW ORDINARY PEOPLE Itflll WnH NO EXPERIENCE EARN $10,000 MONTHLY P,W*"Sr• >-t-I'AJJ).J.4>.I.M.'.tJBB.J.IJ«,HI J 4.JJI Ut J < NEJ^ Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! No need to «?uit y°ur J°b- MONEY BACK GUARANTEE* to make sure you succeed. MiMt Am
      244 words
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  • COMPANY NEWS
    • Article
      Lock icon K-Reit Q1 distributable income soars 165.9%
      376 5  -  ARTHUR SIM This was attributed mainly to income from its stake in One Raffles Quay By K-REIT Asia has reported distributable income of $11.4 million for the quarter ended March 31, a 165.9 per cent increase from the same period in 2007. This was
      376 words
    • Article, Illustration
      Lock icon Qian Hu Q1 profit jumps 33.7%
      306 5  -  SARA LIM By ORNAMENTAL fish breeder and supplier Qian Hu Corporation has reported a 33.7 per cent rise in net profit to $1.27 million for the first quarter ended March 31. Revenue increased 4.7 per cent to $23 million from $21.9 million previously. Earnings
      306 words
    • Article
      Lock icon KTT Q1 earnings dip 12% to $10.8m
      232 5 KEPPEL Telecommunications and Transportation (KTT) yesterday posted a net profit of $10.8 million, down 12.1 per cent, due to higher tax, for the first quarter ended March 31. Earnings per share fell 9.5 per cent to 1.9 cents. Mobile One, 19.9 per cent
      232 words
    • Article
      Lock icon Telco shareholders should query more at AGMs
      569 5  -  SIOW LI SEN THE annual general meetings of Mobile One and Star Hub which took place earlier this month saw not a peep from minority shareholders, unlike previous years which saw lively participation. Perhaps investors have been shell shocked into silence given the
      569 words
    • Article
      Lock icon DBS confirms exit of global markets head
      410 8  -  CHOW PENN NEE David Lav to set up hedge fund; will stay till May 15 to help successor settle in Byl FOLLOWING a report in BT, DBS Bank has said its former head of global financial markets David Lav is leaving to set
      410 words
    • Article
      Lock icon Bio-Treat shares dive on default notice
      542 8  -  LYNETTE KHOO By SHARES of Bio-Treat Technology slumped to a record low yesterday on news the company has received a default notification from the investment banking arm of Merrill Lynch for put options it exercised on convertible bonds (CBs) held. In a knee-jerk reaction,
      542 words
    • Article
      Lock icon Swissco in consultations with SIAS, SGX over board changes
      293 8  -  CHEN HUIFEN By SWISSCO International is in consultations with the Securities Investors Association of Singapore (SIAS) and the Singapore Exchange (SGX) over its handling of board changes last month. It said this yesterday following reports in BT that question the accuracy
      293 words
    • Article
      Lock icon Mubadala, Capita Land in property venture
      239 9 Reuters USs3oom JV with Abu Dhabi agency will develop property projects [ABU DHABI] Singaporebased Capita Land and Abu Dhabi investment agency Mubadala Development Co said that they had set up a US$3OO million joint venture to develop property projects. The new venture, in which
      – Reuters  -  239 words
    • Article
      Lock icon Pan-United clinches $23m supply deal
      218 9  -  LIM WEN JUIN By I PAN-UNITED Corporation has won a $23 million ready-mixed concrete supply contract, its third relating to work on stage one of the Downtown MRT line. Under the contract, it will supply concrete to Taisei Corporation to construct Landmark station and associated
      218 words
    • COMPANY BRIEFS
      • Article
        Lock icon E3 names new CEO and exec director
        78 9 E3 HOLDINGS has appointed Jonathan Ow Kirn Chuan, 41, its new CEO and executive director, effective last Friday. The appointment follows the resignation of Anthony Soh, who stepped down as president last week. Mr Soh, who owns more than 5 per cent of
        78 words
      • Article
        Lock icon Sing's JV terminates property purchase
        71 9 SING Holdings has said that its joint venture firm, Finland Gardens Pte Ltd, has agreed to terminate the purchase of all 48 strata lots and common property of the development known as 41 East Coast Avenue and 54 East Coast Terrace. The vendors of the
        71 words
      • Article
        Lock icon Jurong Cement doubles Q1 earnings
        43 9 JURONG Cement has more than doubled its first-quarter net profit to $1.11 million, from $407,000 for the first three months last year. The profit jump was achieved despite a 13 per cent drop in revenue to $20.7 million.
        43 words
    • Article
      Lock icon KepLand to develop Vietnam residential project
      240 9 KEPPEL Land has secured an option to develop a new residential site in Vietnam's Ho Chi Minh City, in a project that will cost more than Sssoo million. The proposed development in the city's District 2 is expected to yield 1,500 apartments with a
      240 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      56 5 m ■b■ a Congratulations to Superior Fastening Technology Limited (Company Registration Number: *****) on becoming a Sponsored Company on SGX Catalist with effect from 22 April 2008 KW Capital Pte Ltd is proud to be your Continuing Sponsor 80 Raffles Place UOB Plaza 1 #25-01 Singapore *****4 Tel: (65) 6238
      56 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      100 5 ESS affl lb*l ■HjgfjXjjjfa QFPVrn R D .::■<" B^^^B^W^B A9CI\Vvl/l\r A XJttuirt Csmce? IwiWri www.servcorp.com.sg Ep I Everything but the office I Prestigious address for your letterhead business card. M Dedicated phone number answered in your company name, meeting rooms, secretarial services and free use m of business lounge 60
      100 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI surges 1.5% with US boost
      554 6  -  CONRAD TAN STOCKS Index rises as much as 2.4% in late morning; DBS, Keppel, SGX and CityDev lead gainers SHARES here started the week with a bullish charge yesterday, after US markets ended last week with strong gains on Friday, following the release of
      : Bloomberg  -  554 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      99 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 13 1 2 0 0 0 13 1 2 lanufacturing 100 43 54 12 109 51 66 Commerce 30 23 36 15 28 "pt/Stor/Comms 18 14 20 15 ■inance 18 10 18 11 instruction 12 12
      99 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      109 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24,264 24,264 119,324 119,324 lanufacturing 395,015 75,035 470,050 376,746 6,601 383,347 lommerce 48,338 2,683 51,021 76,108 572 76,679 'pt/Stor/Comms 126,286 969 127,255 341,133 308 341,441 :i nance 42,403 42,408 381,361 381,361 lonstruction 21,932 10,398 32,330 6,384 626 7,010 'roperties
      109 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 ZapitaLand 6.860 4-0.120 EapitaMal 3.480 4-0.030 EityDev 12.280 4-0.360 Iosco Corp 3.240 4-0.220 IBS Grp 19.560 4-0.420 :&N 4.940 4-0.100 Sent Intl 0.605 4-0.015 IK Land 4.260 -0.080 ISH 17.380 4-0.320 lardineC&C 17.680 4-0.240 Ceppel Corp 11.900 4-0.400 Ceppel Land 6.000 4-0.190 IOL 3.240 4-0.020 loble
      108 words
    • Article
      Lock icon BROKERS' TAKE
      459 6  -  LYNETTE KHOO Telecoms Sector DBS Group Research, April 21 FULL mobile number portability (MNP) will go live in Singapore on June 13, allowing mobile phone customers to switch operators without changing their numbers. This has raised investor concerns on how the competitive landscape can change in Singapore. Experience
      459 words
    • Article, Illustration
      Lock icon STI may now test resistance at 3,306
      207 6  -  KEN TAI CHEE MING, CHART POINT THE Straits Times Index (STI) broke out of its trading range yesterday. With this, we are now looking at a possible test of the 3,306 resistance. If momentum can be sustained over and above 3,306, STl's negative
      : Bloomberg  -  207 words
    • Article, Illustration
      Lock icon Safe-refuge units slip on Wall St rise
      508 6  -  LARRY WEE CURRENCIES RISK-TAKERS returned to currency markets yesterday, while safe-refuge alternatives such as gold and the Swiss franc retreated, following a good-loo-king bounce on Wall Street last Friday. US stocks made a comeback, led by a 2.6 per cent surge for the
      Reuters  -  508 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      52 6 Apr 21 VALUE CLOSE -118.00+27.00 BT OB/OS BT CADI -*****.00+185.0 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 799.06+12.72 FTSE ST Small Cap 655.75 +6.46 FTSE ST All Share 805.79+11.50 FTSE ST China 461.86+16.46 UOB Catalist 146.93 +2.00 SiMSCI 395.01 +6.10 SiMSCI Future 392.60 +5.00 PrimePartnersCI
      52 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Jade Tech 56,230,000 Cosco Corp 50,842,000 China Honqxinq 45,484,000 CoscoCorpMßLeCWoBoBol 39,228,000 Yanqzijianq 28,029,000 CoscoCorpMEßeCWoBo9lB 27,970,000 ChinaEratat 24,707,000 Synear 23,967,000 ChinaEnerqy 23,809,000 Sing Tel 22,193,000 VALUE(S) Cosco Corp 161,101,370 DBS Grp 110,348,706 SGX 101,976,454 UOB 88,687,248 Keppel Corp 88,340,917 Sing Tel 86,008,930 SembMar 62,418,600 Capita Land 61,713,680
      56 words
    • Article
      Lock icon RISES
      107 6 CLOSE UP 1684 79.8 China H 10US 3.6 Venture Co 1174 44.0 3.9 JSH 1738 43.3 1.9 DBS Gr| 1956 42.0 2.2 Kei Con 1190 40.0 3. SGX 838 38.0 4.8 Kei MBLiCW/*****3 472 37.0 8. India Ni 10 1714 37.0 2.2 Cifr 1228 36.0 3.' SGX MBL JCW*****3
      107 words
    • Article
      Lock icon FALLS
      117 6 CLOSE DOWN 9086-336.6 -2.7 GLD 10US$ GuocoLand Ltd 324 -31.0 -8.7 STI 3450 DBePW*****2 56 -16.0 -22.2 DBS BNPeCW*****1 10.5 -15.0 -58.8 STI 3300BNPePW*****9 9.5 -12.5 -56.8 lanBNPePW***** 10.5 -11.5 -52.3 HKLand 426 -10.8 -1.8 H Ro' 370 -10.0 -2.i IndoAi iri 239 -10.0 -4.0 OCBC Bk4.5%NCPS 100 *****
      117 words
    • Article
      Lock icon CURRENCIES
      85 6 iere! S$ stands Apr 21 %CHNG CLOSE FR Apr 18 YR2008 S$ LOW S$ HIGH USS 1.3518 -0.05 1.4542 1.3487 Euro 2.1434 0.29 2.2064 2.0474 Pounds 2.6822 0.55 2.8431 2.6583 AS 1.2722 -0.34 1.3235 1.2349 Yen* 1.3048 0.92 1.4484 1.2832 Rupiah* 0.***** -0.11 0.***** 0.***** Baht* 4.2887 0.20 4.4299
      85 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      571 7 LOGISTICS Coming Together, Moving Ahead. f i 7* flic total logistics solution... Celebrating the maiden voyage of Albert Toll and SPD33OB SeiTlbaWanq KJlTitranS Ltd JS nOW Having our own fleet of vessels assures the safe shipment of cargoes without unnecessary third party costs. Toll Logistics (Asia) is proud to announce
      571 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      402 8 /4?> Get your Rabobank Warrant lO IUI Highlights daily via email. Vffßlvl mr Visit www.rabowarrants.com.sg or gi*l*ysmlflj& ftj| emailwarrants@rabobank.com FIRST RESOURCES RB ECWOBOBOB (FA2W) STRAITS ASIA RB ECWOBOBIB (FDSW) FIRST RESOURCES LTD Call STRAITS ASIA RESOURCES LTD Call Exercise Price 550.98 Exercise Price 553.15 L Expiry Date 8 August 2008
      402 words
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      Lock icon Page 8 Advertisements Column 2
      169 8 BUILDING FUTURES One success story at a time It's time to upgrade 7 1 J my financial knowledge J J ITf WE HAVE THE PLAN vUt I ACCOUNTING OPERATIONS, LEGAL COMPLIANCE I Financial Statement Analysis 22 -23 May SFA: Understanding Regulated 28 May I rnDDnoATE nwAurc Activities, Issues Relating to
      169 words
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  • Page 9 Advertisements
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      366 9 m UnOOSG v i I between our 1 V S$ and US$ V Am*&)\ V PanS- 9 Here at Manulife, the leading provider of retirement solutions, we understand that you are reaching a new stage in your life. Your retirement! All that you have worked for has paid off and
      366 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Inflation is Asia's top risk: Aussie economist
      328 10  -  LEE U-WEN Region has enough in its tank to ride out global downturn, he says By INFLATION is the No 1 risk for Asia, ranking even higher than the current credit squeeze and global economic slowdown, a top Australian economist said yesterday. But
      328 words
    • Article
      Lock icon Record 90% of taxpayers e-file by deadline
      390 10  -  MICHELLE QUAH IRAS to extend new 'No-Filing Service' to more taxpayers By A RECORD nine out of 10 taxpayers e-filed their income tax return by the April 18 deadline, up from eight out of 10 last year. The numbers show filing on line
      390 words
    • Article, Illustration
      Lock icon Aesthetic procedure rules out soon
      285 10  -  CHEN HUIFEN YESTERDAY IN PARLIAMENT By DRAFT regulations for high-risk aesthetic procedures in Singapore will be out within a month, according to Health Minister Khaw Boon Wan. Speaking in Parliament, Mr Khaw explained that the Ministry of Health (MOH) is targeting only high-risk procedures such
      285 words
    • PARLIAMENT BRIEFS
      • Article
        Lock icon Investor confidence not affected
        72 10 INVESTOR confidence in Singapore has not been hit by the escape of Jemaah Islamiyah terrorist leader Mas Selamat bin Kastari from the Whitley Road Detention Centre. Trade and Industry Minister Lim Hng Kiang told Parliament yesterday that investors have not raised the issue with the Economic
        72 words
      • Article
        Lock icon MOM to make agency rebates illegal
        62 10 EMPLOYMENT agencies some at least are offering rebates to employers as an incentive to hire foreign workers through them. The Ministry of Manpower is moving to make this practice illegal, slapping penalties on both offending employment agencies and employers. Acting Manpower Minister Gan Kirn
        62 words
      • Article
        Lock icon MOM takes tough stance on scams
        55 10 THE Manpower Ministry will also come down hard on employment agencies found to be involved in scams to dupe foreign workers to come to Singapore. Their licences will be revoked and they will lose their security deposit of up to $20,000, according to Acting
        55 words
      • Article
        Lock icon GM food sold here is safe for consumption
        86 10 FOOD sold in Singapore is safe for consumption including genetically modified (GM) foods. All GM food has already gone through rigorous risk assessment to ensure that it is safe to eat before it is sold. When it enters Singapore, GM food has
        86 words
      • Article
        Lock icon Rice supply not hit despite price hike
        102 10 PRICES of rice have shot up but Senior Minister of State for Trade and Industry S Iswaran assured the House that supply has not been hit. "Our rice merchants are still receiving their rice orders and there is no curtailment in import of
        102 words
    • Article
      Lock icon Olam Int'l chief is IE Singapore's new chairman
      225 10 His wide experience will help guide IE Singapore, says MTI OLAM International group managing director and chief executive Sunny Verghese has been appointed chairman of International Enterprise (IE) Singapore, the Ministry of Trade and Industry (MTI) said in a statement yesterday. Mr
      225 words
    • Article
      Lock icon KPMG wants to cut its carbon footprint 25%
      214 10 BIG Four accounting firm KPMG said yesterday it wants to cut its carbon footprint 25 per cent from last year's level. A company's carbon footprint reflects its environmental impact in terms of the amount of greenhouse gases produced, measured in units of
      214 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon No visa-free entry to China from July 1
        82 10 THE Ministry of Foreign Affairs has responded to queries on Singaporeans requiring a visa to visit China. "At present, Singapore ordinary passport holders intending to travel to China for a period of 15 days or less do not require a visa," it
        82 words
      • Article
        Lock icon George Yeo leads team to India for talks
        43 10 FOREIGN Affairs Minister George Yeo will lead a delegation to the inaugural meeting of the India-Singapore Joint Ministerial Committee today in New Delhi, co-chaired by Mr Yeo and India's Minister for External Affairs Pranab Mukherjee.
        43 words
      • Article
        Lock icon Lucien Wong joins NUS Law Faculty board
        68 10 ALLEN Gledhill's Lucien Wong will take up appointment as a member of the law advisory board of the National University of Singapore Law Faculty on May 1. Mr Wong was admitted as an advocate and solicitor of the Singapore Supreme Court in 1978
        68 words
      • Article
        Lock icon NIE, M'sian institute sign cooperation deal
        51 10 SINGAPORE'S National Institute of Education (NIE) and Malaysia's Institut Aminuddin Baki have signed an agreement of cooperation and exchange under which educational leaders from both countries will be better able to foster friendships, engage in professional learning and development, and gain new perspectives and
        51 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      123 10 Terras Conditions Fares shown are per person for a round trip on Business Class. Sales Period is from 14th April to 14th May 2008. Ticket must be issued within 7 days f upon confirmation of booking or by 14th May 2008 whichever is earlier. Travel Period is from 14th April
      123 words
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  • Page 11 Advertisements
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      283 11 Detached 8c Semi-Detached Factories Premium purpose-built landed space For heavy engineering, supporting oil gas and marine industries Near Petrochemical Green Energy Zones and Tuas Checkpoint Easy access to AYE and PIE Functional Layouts Wide choice of 15 factories Modular designs for future expansions Wide span production space (20 to 30
      283 words
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  • SMEspotlight
    • Article, Illustration
      Lock icon Catering to the needs of furry friends
      975 12 Pet Lovers Centre aims to become Asia's No 1 pet supply company, reports SARA LIM HAT started m as a hobby 40 years ago has become the biggest home-grown pet store chain in Singapore, with 22 outlets on the island and branches in
      ARTHUR LEE  -  975 words
    • Article, Illustration
      Lock icon Partnerships key to sustained role in aviation
      794 12 LAN POH looks at what Mil-Corn is doing to build Spore as an aerospace training hub A FOCUS on cultivating and maintaining strategic partnerships has given Mil-Corn Aerospace a niche in its aerospace support business. The group announced on Feb 29 a new
      FILE PHOTO  -  794 words
    • Article, Illustration
      Lock icon Enjoy peace of mind
      689 13 Infocomm Public Education for SMEs Do you know what are the top three software services adopted by SMEs? They are: Accounting Finance at 44 per cent, Human Resource Payroll at 13 per cent, and 10 per cent of the SMEs have an Intranet. It is important
      689 words
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      Lock icon Licensing procedure review helps firms
      456 13 PRO-ENTERPRISE CHANGES Asme chief, a PEP member, urges businesses to tap PEP to cut business red tape in their way, says OH BOON PING IN the past, a company here dealing in a wide range of diagnostic-test kits containing controlled drugs had to apply for
      456 words
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      156 12 GKE JjL~^.* GKE EXPRESS LOGISTICS PTE LTD j^^^^^^l t '-"^PW A part of the GKE Group of Companies T^JJCA W$M Specialist in Project &OOG Cargo: B For Oil Gas, Marine Engineering Aerospace industry Lowbed, U-bed Semi-trailer trucking PSA port direct receipt discharge fm Risk assessment and site survey Heavy lifting,
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      313 13 9.00 am Male, 42, checked in to the Pan Pacific Serviced Suites but 3-17P m He>s headed out in the doesn't stay long. It's early but directionof Boat Quay. Ducked into he WshingLnLhere already. Victor York tailors. Must be getting a 10.36pm Thought he was heading S J new suit
      313 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Emerging markets' oil use set to exceed US this year
      730 14 Bloomberg Oil demand in both China, India to rise 4.7%, US demand to contract 2%: lEA [PARIS] Emerging markets for the first time will consume more crude oil than the US this year. They will burn 20.67 million barrels a
      – Bloomberg; REUTERS  -  730 words
    • Article
      Lock icon Food crisis deepens as rice futures near record
      200 14 Bloomberg [SINGAPORE] Rice futures rose close to a record, rallying for a sixth day, on speculation that more exporters in Asia may curb shipments in a bid to safeguard supplies and contain inflation, potentially exacerbating a global food crisis. The staple for
      – Bloomberg  -  200 words
    • Article
      Lock icon Europe banks may report US$43b more losses: IMF
      564 14 Bloomberg [FRANKFURT] European financial institutions may "need to own up" to about US$43 billion more losses from investments tied to the collapsed US market for sub-prime mortgages, the International Monetary Fund said yesterday. Having already reported about US$BO billion in losses as
      Bloomberg  -  564 words
    • Article
      Lock icon BoE's £50b plan fails to impress
      256 14 Reuters [LONDON] The sterling fell against the euro and US dollar yesterday after a plan from the Bank of England to ease credit market strain failed to impress. Losses were extended as the Bank of England detailed a widely trailed plan to lend banks
      Reuters  -  256 words
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      427 14 IL<tj.I.IJIT&T I Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2008 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the first quarter ended 31 March 2008.
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      42 14 mefj jgtl \r j^^^ .;*Tw s ?S Wfl1 TOj iW WjWaWZ. B*m^WM/SWWWmSWL Km I WO2W7WSwk |m .:aL'- BliMiliiiliil 1 I ill' °l i^ T3 n^g ■■LJI-Jl^ km "■"^^■ff* "^^r P^^^^^ I J J I L^^i I |MP^JH Ac 2 International H I^^^T
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      33 15 red Local information, local content |JJ V ■BTfPV Relevant results, neatly arranged l*m V |[cjM I tJHMHMHHHH| Singapore stories |JJ T Whatever you Ye Looking for in Singapore. CU Id Iw-SQ FIND MORE
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Abdullah acts to reform anti-corruption agency
      619 16  -  S JAYASANKARAN HK agency will be a model; laws to be amended to protect whistle-blowers By: in Kuala Lumpur PRIME Minister Abdullah Ahmad Badawi continued his reform push by announcing plans yesterday to make the Anti-Corrup-tion Agency independent by year-end while amending the laws
      REUTERS  -  619 words
    • Article
      Lock icon Bumi-Commerce maintains 12% loans growth target for 2008
      296 16 Reuters [KUALA LUMPUR] Malaysia's second-largest lender Bumiputra-Commerce Holdings is sticking to its 12 per cent loans growth target for this year but says local political uncertainties are clouding the overall outlook. Bumiputra-Commerce and rivals have notched up strong growth in consumer and
      ■ Reuters  -  296 words
    • Article
      Lock icon Jakarta mulls over raising fuel prices to cut subsidy bill
      379 16 Reuters [JAKARTA] Indonesia is considering raising prices of subsidised fuel to cut the ballooning subsidy bill with global oil prices just below a record of US$ll7 a barrel, a senior Mines and Energy Ministry official said yesterday. Indonesia, Asia's top
      ■ Reuters  -  379 words
    • Article
      Lock icon AmFirst Reit eyes assets of RM50m
      137 16 [KUALA LUMPUR] AmFirst Real Estate Investment Trust, the country's oldest property trust, wants to buy bigger assets of at least RMSO million (5521.6 million) to expand, Malaysia's Business Times reported, quoting its manager. Anthony Ooi, the acting chief executive of Am ARA Reit Managers
      137 words
    • Article
      Lock icon BURSA MALAYSIA
      2263 16 21 RM Cooo] \&M Realty \bricBhd \dvance Synergy \dventa Bhd \e Multi Hldgs \ffin Holdings \hmad Zaki Resou \ic Corp Mrasia Bhd \kn Technology Mliance Financi Muminium Co Amalgamated Ind \mmb Hldgs Bhd \mtel Holdings \mway Malaysia \nalabs Resource \ncom Berhad \nn Joo Resource \pex Healthcare \pl Industries
      2,263 words
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      1578 16 IQ¥IM HLN TECHNOLOGIES LIMITED IfH lr« (Incorporated in Singapore on 26 February 2004) I|J I JJ™ Registration No.: *****2180 C NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of HLN Technologies Limited (the "Company") will be held at 18 Cross Street
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      197 16 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF WILLIAM E CONNOR (SINGAPORE) PTELTD (IN MEMBER'S VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO: *****4350Z FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Member
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Olympic torch paraded through KL amid minor protests
      467 17 [KUALA LUMPUR] The Olympic torch was carried through blistering sun, torrential rain and isolated protests in Malaysia yesterday, completing another segment of its round-the-world relay that has become a magnet for protests against China's crackdown in Tibet. A Japanese brother and sister
      I AFP  -  467 words
    • Article
      Lock icon Taiwan eyes FTAs to stay competitive in manufacturing
      586 17 Reuters Successful WTO deal could place country at a disadvantage [TAIPEI] A flurry of new free trade agreements (FTAs) in Asia is highlighting the need for Taiwan to revive stalled talks on its own pact with Singapore in a bid to keep
      – Reuters  -  586 words
    • Article
      Lock icon Taiwan names academics to Cabinet
      206 17 Reuters [TAIPEI] Taiwan's incoming president yesterday named academics with past political experience to two top Cabinet posts, tapping party expertise to further his policy of closer economic ties with political rival China. President-elect Ma Ying-jeou's administration named Yin Chi-ming, a university professor and former economics
      – Reuters  -  206 words
    • Article
      Lock icon Bank of America may sell CCB stake
      511 17 Bloomberg It is also in advanced talks to sell prime brokerage unit to BNP Paribas [HONG KONG] Bank of America Corp plans to sell part of its stake in China Construction Bank Corp to shore up capital, the Financial Times reported, citing unidentified
      Bloomberg  -  511 words
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      359 17 INVESTMENT OPPORTUNITY SALE BY LIQUIDATORS Offers are invited for the purchase of the following Property on an 'en bloc' basis belonging to a property development company, situated in Johor Bahru on an "as is where is" basis: The Property (known as 'Lot 1, Johor Bahru Waterfront City') Land measuring in
      359 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon New curbs on share sales boost China market
      612 18 Reuters But analysts say new rules do not remove worries over inflation, slowdown [SHANGHAI] Chinese stocks rose yesterday after regulators placed restrictions on sales of shares freed up by the expiry of lock-up periods. But the market came far off its early
      Reuters; : Bloomberg  -  612 words
    • Article
      Lock icon M&S sees India market hotter than China
      459 18 Reuters Marks and Spencer already well known there, bigger scale [MUMBAI] British retailer Marks and Spencer (M&S) aims to step up the pace in India with its new joint venture with Reliance Retail and says it expects the fast-growing market to be more
      – Reuters  -  459 words
    • Article
      Lock icon Reserve hike will hit State Bank, ICICI most
      300 18 Bloomberg [MUMBAI] State Bank of India and ICICI Bank Ltd, two of the nation's biggest banks, will be worst hit by the central bank's decision to increase the amount of cash they must hold with it, a Goldman Sachs Group Inc analyst
      ■ Bloomberg  -  300 words
    • Article
      Lock icon New software orders lift Satyam Q4 profit 19%
      217 18 Bloomberg [BANGALORE] Satyam Computer Services Ltd, India's fourth-largest software services provider, reported profit rose 19 per cent in the fourth quarter after the company won more software orders. Net income rose to 4.67 billion rupees (*****.3 million) in the three months ended
      – Bloomberg  -  217 words
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      129 18 Member of TRANE 8 0.6 Club ONE OF THE WORLD'S MOST EFFICIENT CHILLER PLANTS fM Wm^SfM B^^SflßJ^ff^Bflfeßßflß***^^^ BSt. 2bm W^SmWjS'wmm^m bMI bW Iv WAmm^S^A Hfl bfl^Bßß ■B ISb^ yjf MMm .^MmA 1 \.k t BH. AC Bfl H ■XV I Bfl Bfl BV+^ I bW 'bI H^MflB1 bßbbbbbbbl bbbbl Bfl
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Australia becomes bigger and richer overnight
      556 19 AFP UN gives it control over resources-rich seabed 20 times the size of UK [SYDNEY] Australia's territory has expanded by an area five times the size of France after the United Nations agreed to its jurisdiction over a massive amount of seabed, Australian Resources
      AFP  -  556 words
    • Article
      Lock icon Crude oil surges above US$117
      358 19 Reuters [LONDON] Crude oil prices surged above US$ll7, setting a new record high yesterday because of worries of supply disruptions from major producers and comments by Opec reiterating that there is no need to raise output. US light crude struck a record high of U*****.40
      – Reuters  -  358 words
    • Article
      Lock icon Clinton needs big Pennsylvania win to stay in race
      318 19 Bloomberg [WASHINGTON] To overtake Barack Obama in the nationwide popular vote, Hillary Clinton needs a bigger win in today's Pennsylvania primary than she has had in any major contest so far. And that's just for starters. After more than 40 Democratic
      – Bloomberg  -  318 words
  • Page 19 Advertisements
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      372 19 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      372 words
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  • WORLD
    • Article, Illustration
      Lock icon UBS blames weak risk control for huge losses
      498 20 AFP, Reuters Design of pay compensation another major weakness [ZURICH] Switzerland's biggest bank ÜBS said yesterday that weak risk control and a pay structure that invited risky deals were among key factors leading to its massive sub-prime related losses. A 50-page report
      – AFP, Reuters; REUTERS  -  498 words
    • Article
      Lock icon Bank of America Q1 profit falls 77% on credit losses
      511 20 Reuters, Bloomberg Slide casts doubt on CEO's goal of 20% profit rise in 2008 [NEW YORK] Bank of America Corp (BOA), the largest US retail bank, yesterday said quarterly profit fell a larger-than-expected 77 per cent, dragged down by more
      – Reuters,; Bloomberg  -  511 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8206 20 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.929/ Star Europe Bond 1.199/ Star Europe Bal 1.167/ Star Asian Tiger Eqty 1.362/ Star Asia Bond 1.163/ Star Asia Balanced 0.95/ Star Global Technology Fund!** 0.195/ Multi St Fd 0.851/ Star Asia Bond(USD) 0.86/ Gib Multi St USD
      8,206 words
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  • Food&HotelAsia
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      Lock icon Yummy times for F&B and hospitality
      685 21 Singapore's excellent infrastructure and vibrant entertainment scene attract increasing number of visitors, writes imisha ramchaimdaimi SINGAPORE'S F&B and hospitality industries appear to be set for another strong year ahead despite rising costs and the shaky economic climate in the United States on the back
      685 words
    • Article
      Lock icon Specialised events to suit various sectors
      156 21 ESTABLISHED in 1978, FHA (Food&HotelAsia) is made up of specialised events catering to the needs of the F&B and hospitality industries. FoodAsia2ooB: An event dedicated to the food and beverage industry, which serves as a comprehensive one-stop F&B marketplace. Bakery&Pastry2ooB: A platform for Asia's
      156 words
    • Article, Illustration
      Lock icon High food safety standards key to brand credibility
      482 22  -  NISHA RAMCHANDANI By r AS GLOBALISATION continues to blur the boundaries between nations, countries and food companies alike may be increasingly put at risk as reliance on imported food grows. As such, it is crucial for companies in the food industry to
      482 words
    • Article, Illustration
      Lock icon Wine industry in high spirits
      456 22 Discerning customers, wider choices and geographical advantage spur industry growth in Singapore, reports misha ramchandani THE wine industry in Singapore is enjoying a growing customer base as consumers are given a wider variety of choice of better quality wines at competitive prices. "Customers are more
      456 words
    • Article, Illustration
      Lock icon Exporting Singapore's taste
      823 23 Brand ambassadors for Tasty Singapore say initiative would help them penetrate mainstream markets, reports imisha ramchaimdaimi SINGAPORE'S food and beverages companies have set their sights on going global and making the Republic's food popular the world over in the process. Diana Cheng, managing director of My Mum's
      823 words
  • Page 21 Advertisements
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      135 21 JL -^r Be part of Tasty Singapore! W? r "^FYt r Singapore food companies, having local or II W J^^Hr Ml*itf overseas manufacturing factories, can be a Tasty F iv V. flkfiH Singapore Brand Ambassador by satisfying /V /fl BB T i quality and safety standards such as ISO I
      135 words
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  • Page 22 Advertisements
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      91 22 _lz >-*~.,—^^W/afflT A Preferred Mattress of International Hotel Chains! Enjoy the luxury of a 5-star hotel mattress. "C- Comfort begins with Sealy's Posturepedic mattresses, so it is not surprising why international 5-star hotel chains like Four Seasons, Inter-Continental, Ritz Carlton, Le Meridien, Hilton, Sheraton, St. Regis and Venetian Macau select
      91 words
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      Lock icon Page 22 Advertisements Column 2
      103 22 9«r >^^ Identity with Style 'f THE UNIFORM PEOPLE I ■■^1 GET SMART GET TUP IVH 173 KAMPONG BAHRU ROAD SINGAPORr *****-1 IBj ft H Outram Park Mrt Station (Exit F) Opp. SGH ■I |B 1M m T (65) 6438 8012 F (65) 6438 8013 sHj B R^fc t'"J E
      103 words
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      Lock icon Page 22 Advertisements Column 3
      109 22 Gourmet Food Safety Consultancy specialises in customised food safety consultation for Asia region on ISO *****:2005, HACCP, SAC HACCP, Rva HACCP, BRC GMP, hygiene external in-house training, audit for food beverage companies, laboratory setup service and other food hygiene requirements. We provide professional, cost effective services with the customer's benefit
      109 words
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      21 23 temidiiie Spring Water LJ 7 I^L lunikliiji1 4 ~^^Mij -BK3=* i£^l^ i*^~* m* iteaoJ) —,-.-_w ■■JiiiiJiv hjßiic]].!? W^^\ Istanbul V METROPOLITAN
      21 words
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      Lock icon Page 23 Advertisements Column 2
      118 23 r/i^^v^yis ;..< .■xjn* ./lA^^M^^M -i^&isWsC ~^^k —"Bestow >- I J STARSCAFfi Copthorne King's Hotel offers discerning 1 business travellers the modern H 1 conveniences and amenities of a TIEN COURT boutique-styled hotel with the enduring charm of warm Asian hospitality. t t CONNECTIONS Entertain at our award-winning restaurants Tien Court
      118 words
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  • AVIATION
    • Article, Illustration
      Lock icon Tiger Aviation to spread its wings over Asia-Pacific
      492 24  -  NISHA RAMCHANDANI It is in talks with six parties in the region regarding business opportunities By [SINGAPORE] Tiger Aviation is looking to widen its reach in the Asia-Pacific, despite soaring oil prices and the current climate of economic uncertainty. The group is
      FILE PHOTO  -  492 words
    • Article
      Lock icon China Southern posts six-fold Q1 profit rise
      263 24 [BEIJING] China Southern Airlines, the country's largest carrier by fleet size, said on Sunday that first-quar-ter profit soared more than six-fold year-on-year on the stronger yuan and greater passenger numbers. Net profit rose to 796 million yuan (*****.7 million), or 0.18 yuan per
      263 words
    • Article
      Lock icon Xiamen Air to buy 20 Boeing 737 planes
      134 24 Reuters [SHANGHAI] China Southern Airlines said on Sunday its subsidiary Xiamen Airlines had signed a deal with Boeing Co to buy 20 Boeing 737 airplanes. The 20 planes have a list price of about US$l.5 billion, but Xiamen Airlines negotiated a lower
      – Reuters  -  134 words
    • Article
      Lock icon SIAEC bags Virgin Blue deal worth $90m
      372 24  -  YEN SREENIVASAN By [SINGAPORE] SIA Engineering company (SIAEC) has clinched a $90 million contract to provide fleet management services for Aus-tralia-based Virgin Blue's soon-to-be-launched Boeing 777 trans-Atlantic fleet. The deal brings to almost $250 million the value of contracts bagged by the Singapore
      372 words
    • Article
      Lock icon Boeing unaware of FAA delay in certification
      214 24 Reuters [FRANKFURT] Boeing said on Sunday that the Federal Aviation Administration (FAA) has not informed the company of a certification delay of its Dreamliner jet after a report in German magazine Focus said that the project could be pushed back by another three
      – Reuters  -  214 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPATURES
      2425 24 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd (BAW), BG Biman Bangb iesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,425 words
  • Page 24 Advertisements
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      149 24 BT/ZUJI Deals of the Week BUSINESS CLASS (from I ECONOMY CLASS (from HOTEL (from Sydney $4,400 $688 $156 Qantas Airways Qantas Airways Take home an i love it here* accommodation guide book with any Business Class booking this April DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok
      149 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      219 24 CRYPTIC CROSSWORD ACROSS serve vegetable (7) 28 Assemble by Crusader port to commit slaughter (8) 8 Godly man and I ran off be--29 Offer to publish work writ- fore being smothered (7) yesterday's solution ten in plain language (7) 11 Artist's accessory used by YESTERDAY s SOLUTION ambulancemen (9) Across:
      219 words
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  • SHIPPING/LOGISTICS
    • Article
      Lock icon First Ship Lease Trust buys 2 tankers for USsl4om
      418 25  -  VINCENT WEE Deal is trust's first in crude market; ships leased back to seller for 10 years By' SHIPPING trust First Ship Lease (FSL) Trust is taking its maiden step into the crude carrier market with the acquisition of two 115,000
      418 words
    • Article
      Lock icon TUI to start talks on Hapag sale soon
      173 25 Bloomberg [DUSSELDORF] TUIAG, Europe's largest tour operator, said the process to sell the Hapag-Lloyd shipping line is advancing "as planned" and will start talks with potential buyers of the unit by the end of May or early June. Deutsche Bank, Citigroup and
      – Bloomberg  -  173 words
    • Article
      Lock icon Gulf tanker rates rise on pirate attack
      295 25 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may rise after an attack on a ship off the coast of Yemen. The very large crude carrier, or VLCC, Takayama was attacked in the Gulf
      ■ Bloomberg  -  295 words
    • Article
      Lock icon Kuehne & Nagel Q1 profit jumps 19%
      355 25 Kuehne Nagel Q1 profit jumps 19% Bloomberg [FRANKFURT] Kuehne Nagel International AG, the world's largest sea-freight forwarder, said first-quarter profit rose 19 per cent as air and sea shipments increased. Net income advanced to 154 million Swiss francs (*****.7 million), or 1.30 francs a share, from 130 million francs, or
      Bloomberg  -  355 words
    • Article, Illustration
      Lock icon DHL aims to cut carbon emissions in operations
      539 25  -  VINCENT WEE By AS one of the biggest players in the logistics industry, DHL is playing its part in the battle against climate change by aligning its initiatives with the "GoGreen" climate protection programme of parent company Deutsche Post World Net. DHL
      539 words
  • Page 25 Advertisements
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      270 25 Reputable UK based consolidator with facilities Felixstowe, Southampton, etc. operating established consolidation services to Singapore and South East Asia. Seeking active partner(s) in South East Asia and Singapore with own consolidations to UK for reciprocal handling. Interested parties with relevant activity in this region wishing to benefit from our strong
      270 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Cool down pre-Olympic passions
      481 26 THE Olympic torch is being increasingly inflamed by nationalistic anger. Chinese national pride has been hurt after a series of protests in Western capitals, and it is now their turn to retaliate. Aggressive demonstrations against all those perceived to have sympathies for pro-Ti-betan agitators have spread,
      481 words
    • Article, Illustration
      Lock icon In search of the Next Big Foreign Policy Idea
      1035 26  -  LEON HADAR Will a tripolar global system emerge if the US were to lose its global hegemonic position? HISTORIAN Paul Kennedy's "The Rise and Fall of the Great Powers: Economic Change and Military Conflict From 1500 to 2000" (New York: Random
      AFP  -  1,035 words
    • Article, Illustration
      Lock icon We may well be running out of planet to exploit
      818 26  -  PAUL KRUGMAN -NYT THE BOTTOM LINE NINE years ago, The Economist ran a big story on oil, which was then selling for US$lO a barrel. The magazine warned that this might not last. Instead, it suggested, oil might well fall
      -NYT  -  818 words
    • Article, Illustration
      Lock icon Tokyo strives to be a financial hub
      916 27  -  WILLIAM PESEK JR But its efforts are hamstrung by a political vacuum, slowing global growth and turmoil in the credit markets ATCHING Hong Kong and Singapore soak up the global spotlight isn't going down well in Tokyo. As home to Asia's biggest markets,
      AP  -  916 words
    • Article
      Lock icon Strategic partners in running a business
      1140 27  -  RICHARD SCHULTE By I WE sometimes hear line managers comment that their human resource (HR) department is not supporting the operations of their business. What is even worse, some may think that HR is an obstacle to the business. For example, when there is
      1,140 words
    • Letter
      Lock icon Spore Arts Festival is one big letdown
      374 27  -  Ngoh Peng Song LETTER TO THE EDITOR I REFER to "The 5Cs of Singapore Arts Festival" by Parvathi Nayar (BT, April 18) as well as other letters and articles on the Singapore Arts Festival in other newspapers. I started attending the Singapore Arts
      374 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7525 28 Transaction date: Apr 21 Hii !-wks Tel Low Code Coi Sale ('OOP) Hii ■ow Bi Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30 12 1938 AEI Corp 25.5 7.5 1100 AEM 42 19.5
      7,525 words
    • Article
      Lock icon SGX XTRANET
      83 28 52-Wk Tel High Low Code Last Sale Vol COOP) Day ill Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO US200xd US6200
      83 words
    • Article
      Lock icon SGX CALALIST
      2018 28 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi >an' Hii 30 11.5 1181 s AAGrp 41.5 16 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5
      2,018 words
    • Article
      Lock icon CLOB INTERNATIONAL
      218 28 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalisf N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      218 words
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      52 28 ROYAL OAK COLLECTION |jvH| l^t^^fe, WHERE EXTREMES MEET gg Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^??4!?^^fer L'^^^^^^: ,-.'".'.--;4-.? -'^."Sf' .W *!^V P 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -;&sn--^^rfe"^"'^^^ri^ t" "^^S^*^ ii^f $1 Internet: Http://www.audemarspiguet. com pjK^Xt- *4Jji~--«-jaBp|'' >~"'^ S"'
      52 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 29 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change ir 18 World Index Preliminan 1044.2 1.6 -7.7 1.6 -10.6 1.1 -5.: EAFE Preliminai 995.5 1.4 -11.2 0.9 -11.3 0.5 -6.1 Euroi Preliminan 1383.3 1.9
      366 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 29 As at 9am Apr 21 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.2560 1.2710 .an dollar 1.3380 1.3550 luro 2.1290 2.1540 IZ dollar 1.0610 1.0840 iterlini ind 2.6910 2.7220 JS dollar 1.3460 1.3620 .ocal dollars to 100 units if foreign
      122 words
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      Lock icon INTERBANK RATES
      142 29 Apr 21 fer ilverniqht 1/8 -month 1 '-months 1 1/8 S-months 1 1/4 Overnight mode: 5/16 JS$ Offer par 5/8 1 1 1/8 Bid days month > months months j months months 2 months (Au 2.80 3.00 3.00 3.00 3.15 3.20 3.25 Offer 2.75 2.90 2.90 2.90 3.05
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      15 29 Apr 21 STI IIMSCI 393.6 396.9 392.6 "aiwan At 352.1 352.8 350.2
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      Lock icon US$/S$ FORWARD RATES
      21 29 Apr 21 Bid Offer -month 1.3495 1.3509 !-months 1.3473 1.3488 i-months 1.3461 1.3476 >-months 1.3418 1.3435 Source: OCBC
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      Lock icon SICOM FUTURES
      290 29 Apr 21 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 389.50 387.25 383.50 383.50 381.75 381.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
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      Lock icon CHICAGO BOT
      99 29 AprlB\ (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1361.50 1350.50 1364.00 1315.00 Jul 08 1377.00 1366.50 1380.00 1332.00 Aug 08 1367.00 1356.00 1370.00 1325.00 Sep 08 1325.00 1320.00 1323.00 1307.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 60.98 60.83 61.30 59.50 lul
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      Lock icon CRUDE OIL & PRODUCTS
      74 29 CRUDE OIL PRODUCTS Apr 18 origin^ t/barrel Close Cham Srent blend (1-Mth F) 112.9 0.92 WTI (Near Mth) 116.80 2.03 iubai (1-Mth F) 105.87 -1.01 "apis blend 118.2 -1.4 i/linas 110.5 -1 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 103.95 140.40 0.4! -2.! US$/barrel )pec Oil Basket Price
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      Lock icon INTERBANK CROSS RATES
      449 29 Apr 21 iuro 'en (on 'eso lam 'ouni Australia 0.947 6.591 0.593 7.340 37.558 86.524 0.974 9.339 2.958 1.190 60.322 39.427 1.274 7.332 0.952 28.512 29.695 0.472 0.942 Canada 1.056 6.960 0.627 7.751 39.661 91.369 1.028 9.862 3.124 1.256 63.700 41.635 1.345 7.742 1.005 30.109 31.358 0.499
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      Lock icon GOVERNMENT SECURITIES
      88 29 Apr 21 'eriod Issue code Maturity Yesterday's Bid Day's High Low I-Month BQ*****V 24.07.08 -Year BY*****A 29.09.08 0.72 0.80 3OVERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Hio Day's igh Low !-Year N5O51OOF 2.625 i-Year N *****0V 1.625 '-Year NX*****F 3.625 0-Year NYO11OOF 3.750 5-Year NY*****X
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      Lock icon SIBOR
      68 29 Apr 21 mth 2.***** 1.***** mths 2.***** 1.***** mths 2.***** 1.***** mths 3.***** 1.***** mths 3.***** 1.***** 2 mths 3.***** 1.***** ;WAP Offer rates (S$) mth 0.***** mths 1.***** mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.*****
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      Lock icon PALM OIL
      62 29 Apr 21 lelivery flonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low May 08 3521 lun 08 3525 lul 08 3525 Hug 08 3510 fatal o/p: ***** contracts 3469 3522 3441 216 1508 3460 3532 3436 2779 9720 3459 3535 3435 7973 ***** 3463
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      Lock icon PRECIOUS METALS
      131 29 Apr 21 /oz) \pr \pr long Kong .ondon 942.20 919.00 943.20 920.00 Apr 18 Apr 17 913.90 942.60 914.90 943.30 Source: Reuters CAST BAR M) Apr 21 Buying Sellini Kilobar "43,052.52" ***** PAMP GOLD BARS (S$) Selling Buying gm jam Ogm !Ogm >Ogm OOgm oz ozUBS Kinebar™ 96.3
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      Lock icon LONDON METALS
      70 29 Apr 18 luminium, 99.7% urity (US$/tonne) Close Previous Cash 3028.50 3011.80 3 months 3075.00 3060.00 Copper, Grade A (US$/tonne) Cash 3 months 8664.00 8570.00 8706.00 8610.00 Lead (US$/tonne) Cash 2823.00 3 months 2835.00 2798.50 2810.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
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      Lock icon LIFFE
      79 29 Apr IS (£/tonne) Close Prev Hii ih/Low Way 08 1429 1452 1458/1388 lul 08 1456 1480 1488/1410 iepO8 1388 1414 1419/1344 Dec 08 1363 1383 1384/1326 IOFFEE (US$/tonne) Close Pev High/Low Way 08 2262 2344 2347/2242 lul 08 2299 2381 2382/2266 iepO8 2303 2384 2370/2276 Mov08 2282 2340 2289/2270
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      Lock icon INTERBANK CURRENCY RATES
      151 29 Apr 21 Zurrencies Bid Offer Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2730 1.2743 0.9416 0.9417 Canadian dollar 1.3441 1.3459 0.9941 0.9946 iuro 2.1455 2.1478 1.5869 1.5872 IZ dollar 1.0697 1.0713 0.7912 0.7917 jterlini ind 2.6948 2.6977 1.9932 1.9936 IS dollar 1.3520 1.3532
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      Lock icon SGX DERIVATIVES TRADING
      354 29 Apr 21 iURODOLLAR FUTURES unO8 >epO8 DecO8 VlarO9 97.160 97.240 97.165 97.155 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES unO8 99.170 99.170 >epO8 99.180 99.180 DecO8 99.170 99.180 VlarO9 99.190 99.190 lunO9 99.170 99.170 iepO9 99.090 99.090 DecO9 VlariO 99.160 99.155 99.145 99.140 99.125
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      Lock icon BONDS & WARRANTS
      2368 29 BONDS WARRANTS rei lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Left 1036 Advance SCT Ltd W*****9 3 -1 3 1 87 169 11.17 28 3657 Biosensors DB ECW*****3 11.5 -1 30 1 85 2 1014 Capitaland BNP ECW*****8 31 2.5 10 0.1
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      2592 30 The Business Times Shipping times m tf iMffll ij^^ltfi^VJiV, VI f£f ft 13l m\\ wan hai international pte ltd Bg4 #!f| V!V ■H^g||j^|Uy« BMHrJPtll»K»Mj!plf^^ I V"T Z~%\ IAfALI lIAI lllirr TEL *****588 (14 LINES) FAX: *****163 I BBJBaBBSSeHISaaeBBTIW BJHMMiBIBH^^ I \\\N WAN HAI INtS Orsroiner Servke/Booltings Direcl line (**********200 ilerilßaßlwzßaffloliffiMl
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      3095 31 jto AUSTRAL ASIA LINE »b»i.:h ll p://™. lBl rd ß idin..J I WmM H H H H I(® SJCfJifS^ ASIA AUSTRALIA SERVICE in-iituy(mt,im~i HI BiMM Tw^t IW I HI KH MM HH Mil EBSZ^^^^^Hl^^^^EE^^^Ei^^^d^^^Kli^^^El^^^E!^^ IML^^ WEEKLY EXPRESS SAILING SCHEDULE CAPE YORK 05A8 04/05 08/05 14/05 29/05 01/06 05/06 09/06 BSfB
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      2836 32 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • PROPERTY
    • Article, Illustration
      Lock icon Florida luxury home market showing strain
      711 33 Reuters Dropping prices signal that US housing woes may have spread to high-end real estate market [MIAMI] The surprisingly healthy market for oceanfront mansions and palatial condos in Florida, one of the most toxic states in America's housing meltdown, may finally be showing some
      ■ Reuters; REUTERS  -  711 words
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      Lock icon London homes the most expensive
      440 35 Bloomberg Survey puts Monaco and St Jean Cap Ferrat in France in 2nd and 3rd spots [LONDON] London is the world's most expensive place in which to buy a home, followed by Monaco and St Jean Cap Ferrat in southern France, an annual global survey
      – Bloomberg; REUTERS  -  440 words
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      Lock icon Commercial unit GCB for sale by tender
      375 35  -  ARTHUR SIM By A LARGE commercial unit at The Riverwalk, Upper Circular Road, is up for sale at an indicative price of $23 million. The unit, which has a strata area of 20,161 sq ft that represents a 12.11 per cent ownership stake,
      375 words
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      Lock icon Chinese developer Shimao's profits rise 80%
      503 35 Bloomberg It sells more units amid surging home prices in China [HONG KONG] Shimao Property Holdings Ltd, the Chinese developer controlled by billionaire Xv Rongmao, said 2007 profit rose 80 per cent as it sold more apartments amid surging home prices in the world's
      – Bloomberg; AFP  -  503 words
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      51 33 A row of exquisite restored conservation shophouses Located in the Heart of Chinatown Tenure: Freehold Land area: Approx. 12,000 sqft Total GFA: Approx. 26,000 sqft No of rooms: 74 With facilities such as restaurant and pub Potential to convert to other commercial uses such as retail/office Excellent Investment Opportunity s
      51 words
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      151 33 Size of 12,000 sq.ft (entire floor) New Age, Sophisticated Office Building with a prestigious address Equipped with full height window With facilities and amenities Directly located above Clarke Quay MRT Station High rental yield Suitable for investors or owner-occupiers Rare and excellent investment opportunity Investment Opportunities Jurong Port Road 4-storey
      151 words
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      414 33 LARGE LANDED/CONDOMINIUM DEVELOPMENT SITE AT DISTRICT 15 FOR SALE BY TENDER V Lorong J/K Telok Kurau 'HoapHaf? i Tenure: 105 years/999 years commencing Medical 'Z^-^^^^^ \S\ 26January 1939 —rh\atg}g^^^r^^^nr \>' Land Area: approx. 101,662 sqft —y WtiS»eFt-~--~~\ Outline Permission granted for 5-storey \&C"^ —"~IA condominium development with plot \^V^ ratio
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      136 33 BUNGALOW LAND FOR SALE Bishopsgate 17,0005f Fourth Aye 27,0005f Belmont 22,0005f Oriole Cres IO,OOOsf ClunyPark 16,0005f CamdenPark 35,0005f Cornwall Garden 22,0005f Nassim 17,0005f Dalveyßoad 15,5005f Holland 16,0005f LAND FOR REDEVELOPMENT Astrid Hill 23,0005f Yarwood 16,0005f BinTong 27,4115f Cable Road 36,0005f BtTunggal 17,0005f Chancery Lane 27,0005f Gallop Park 15,0005f ClunyPark 16,0005f
      136 words
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  • PROPERTY OUTLOOK
    • Article, Illustration
      Lock icon Residential sector seen taking hit
      889 34 Prices expected to fall further, with the high-end most at risk due to a lack of foreigner interest, reports UMA SHANKARI RESIDENTIAL markets across Asia are expected to take a hit in the wake of the credit crunch in the US. While the residential sectors
      AFP  -  889 words
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      260 34 PROJECT SALES LEASING INTERNATIONAL MARKETING PRESTIGE HOUSING RESIDENTIAL Cuscaden Road: Enbloc sale of remaining units. Still Road: Enbloc sale of 9 units of apartment and Oei Tiong Ham Park: Enbloc Sale of 10 units of adjoining bungalow. apartments. Holland Avenue: C&W appointed for leasing of 3 Appointed corporate leasing advisors
      260 words
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      21 34 This is the fourth of a four-part series brought to you by ,I||||LCUSHMAN& \«j"! WAKE FIELD® Global Real Estate Solutions SM
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      188 35 Use less space with a highly efficient floor plate Plot 4A International Business Park, Singapore 1IJ»I;U=M51 Expected TOP in Q4 2009 Excellent corporate profile I Private lobby for full floor tenants I Conducive workplace environment Latest business park office specifications High 3m to 4.5 m ceiling with raised flooring Full
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      239 35 We are hosting an exclusive Investors Cocktail Reception on Tuesday 6th May at British High Commission, 100Tanglin Rd, Singapore *****9 from 6.30pm You will learn where the property hot spots are right now and how to attract the best tenants. There will also be other companies present on the night
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  • BUILDING GREEN
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      Lock icon Nuts and bolts of green buildings
      1336 36 A perfect orientation is best but architects can also use other means to reduce energy consumption, reports MATTHEW PHAN IT IS hard to pin down exactly what green architecture entails. Each building is a case study in itself, with specific surroundings, usage patterns, client
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      100 36 i^^ I r J rs J nSHßast\. Developer BCA Green Mark Platinum Award: Best Developer Retail (Future): Retail Design Consultant and Sole Leasing Agent: fig City Developments Limited l/f Lend Lease 36 Robinson Road #20-01 City House Singapore *****7 Tel: 6877 1818 L_ 510 Thomson Road #07-02 SLF Building Singapore
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      15 36 This is the fourth of a four-part series brought to you by City Developments Limited
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