The Business Times, 29 April 2008

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1 30 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 29,2008
    21 words
  • Article, Illustration
    Lock icon The Russians are coming, with M'sian firm in tow
    590 1  -  CHUANG PECK MING New owners of Dunham-Bush want to move HQ to Spore, list here By [SINGAPORE] Mikhail Bolotin, one of Russia's richest men, reportedly paid US$lOO million in June last year for Dunham-Bush in Malaysia, got it delisted and is
    JOHNHENG  -  590 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.9345 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.25 CANADA 4.75 SWITZERLAND 3.69 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      47 1 lorn lam 1 COMP 1,295.31 +7.23 IIKKEI225 13,894.37 +30.90 1ANG SENG 25,666.29 +149.51 ;et index 836.42 +4.23 JAKARTA COMP 2,254.31 +13.73 1ANILA COMP 2,739.44 -38.49 ;eoulcomp 1,823.17 -1.51 ;henzhenb 564.17 -5.65 IUMBAI IND 1 7,01 5.96 -110.02 12N00N EDT Change 12,892.76 +0.90 )OW IASDAQ 2,425.39 +2.46
      47 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.362 (USS/SS ier 1.980 2.696 URO (US$/S$/E) 1.563 2.128 'EN 104.60 76.80 3.157 2.318 m 7.793 5.723 !AHT 31.72 23.29 lUPIAH 9,244 6,788 lENMINBI 7.004 5.144 INDIAN RUPEE 40.17 29.50 1.067 0.784
      37 words
  • Article
    Lock icon Record $3,125 psf paid for office building in volatile market
    552 1  -  ARTHUR SIM Commerzbank unit buys 71 Robinson Rd for $743.8 m By [SINGAPORE] Commerz Real, a fully-owned subsidiary of Germany's Commerzbank, has bought 71 Robinson Road, setting a record in the process and perhaps heralding a new wave of office
    552 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 a CANDY DEAL PROPERTY SME SPOTLIGHT SB (EH CORPORATE Mars buys Wrigley Slowdown seen Local logistics firm l ■-■iSPw^ RESULTS forUS$23b unlikely in China flies high D '^^__i Allgreen Ql earnings PAGE 4 PAGE 29 PAGE 12 plunge 65% PAGE 8 CHINA AVIATION OIL Blast from the past?
      48 words
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  • TOP STORIES
    • Article
      Lock icon Rubin: I feel no responsibility for Citigroup's losses
      205 2 Reuters He says he steers clear of day-to-day operations [NEW YORK] Robert Rubin, chairman of the executive committee of Citigroup, told The New York Times that he steered clear of day-to-day operations at the bank and feels no responsibility for its recent
      Reuters  -  205 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Jade appoints new president
        36 2 JADE Technologies has appointed Sam Chong Keen as group president, replacing Anthony Soli, whose aborted takeover bid for the company is being investigated by the Commercial Affairs Department. TOP STORIES, PAGE 4
        36 words
      • Article
        Lock icon Trading of Oculus shares halted
        95 2 CATALIST-LISTED Oculus called for a halt on trading of its shares yesterday, to give itself time to respond to queries by its sponsor. Oculus' sponsor Stamford Corporate Services had queried the firm on Friday night, on the reasons behind the delay in the completion and
        95 words
      • Article
        Lock icon Allgreen Q1 profit down 65%
        55 2 ALLGREEN Properties yesterday posted net earnings of $17.5 million for the first quarter ended March 31 a 65 per cent slump from $49.6 million in the same period last year. Revenue fell 52 per cent to $87.9 million, mainly due to a drop in development
        55 words
      • Article
        Lock icon Tri-M eyes turnaround within 2 years
        60 2 ELECTRONICS contract manufacturer Tri-M Technologies said yesterday it expects to see a turnaround in earnings when gains from a new business venture start streaming in. This will meet a deadline of 24 months to restore the company's financial health and lift it from the
        60 words
      • Article
        Lock icon PowerGas starts work on LNG terminal
        88 2 SINGAPORE Power subsidiary, Power Gas Ltd which signed a deal yesterday with the EMA to build Singapore's $1 billion LNG terminal said it has already started design and engineering work. This will ensure the facility is ready by 2012, in time for the first
        88 words
      • Article
        Lock icon Tokyo market's outlook turning bullish
        70 2 JAPAN'S benchmark Nikkei 225 stock average jumped briefly above 14,000 for the first time in two months yesterday, signalling what analysts said was a growing view in financial markets that Japan has finally shaken off deflation. A fall in the yen to a two-month low
        70 words
      • Article
        Lock icon US$5b project in Perak gets KL's nod
        71 2 MALAYSIA'S federal government has approved the setting up of a US$5 billion integrated oil and gas complex in Perak by a consortium of Middle Eastern investors. Kuala Lumpur's nod for the project despite its proposed location in an opposition-controlled state would assuage initial
        71 words
      • Article
        Lock icon Aussie nod for Sinopec oil fields stake
        50 2 AUSTRALIAN oil firm AED Oil said yesterday that the country's Foreign Investment Review Board has approved the sale of a majority stake in its oil fields to China's Sinopec Group, sending AED's shares up more than 11 per cent. GREATER CHINA, PAGE 16
        50 words
    • Article, Illustration
      Lock icon CAO appoints Wang Kai Yuen to replace Lee Suet Fern
      899 2  -  MICHELLE QUAH SIAS chief says he's not able to find any obvious flaws in disclosure standard By [SINGAPORE] China Aviation Oil (CAO) has appointed former Member of Parliament Wang Kai Yuen as its independent director confirming BT's report last week.
      FILE PHOTO  -  899 words
    • Article
      Lock icon China Aviation Oil: blast from the past?
      1485 2  -  MAX YUEN TEEN COMMENTARY Company must shed light on how it will address issues raised by Lee Suet Fern By LIKE the resignation of the two independent directors, Rohan Kamis and Chiang Hai Ding, from the Swissco board of directors, Lee Suet Fern's
      1,485 words
    • Article
      Lock icon New Jade president rides in on 20m share pay deal
      528 4  -  CHEW XIANG Acting chairman Chong to be exec director from May, focus on fund-raising By [SINGAPORE] Jade Technologies has appointed Sam Chong Keen as group president, replacing Anthony Soh, whose aborted takeover bid for the company is being investigated by
      528 words
    • Article, Illustration
      Lock icon US Fed likely to cut rate, but keep eye on inflation
      636 4 ■NYT Fed watchers expect stormy meeting, possible surprise [WASHINGTON] This time, will the Fed's words speak louder than its actions? Just ahead of a Federal Reserve monetary policy meeting this week, the widely shared consensus is that the Fed
      ■NYT; REUTERS  -  636 words
    • Article
      Lock icon Mars chews off gum maker Wrigley in US$23b deal
      593 4 Bloomberg, AP Purchase will enable it to compete with Hershey, Cadbury [CHICAGO] Candymaker Mars Inc is buying Wm Wrigley Jr Co, the confectioner behind Juicy Fruit and Doublemint gum and Life Savers candy, for about US$23 billion in cash, the companies
      Bloomberg,; AP  -  593 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      75 2 DlO Dalvey Road gSftu SSRh" Freehold, Built in area of *****q ft B^B aS^t* 1" E' evatH' anc'witn 9reat gsomancy PVP jg 3 mins to Orchard Rd, PIE, CTE, X r:' aißMfh Orchard Newton MRT Stations P Close Proximity to top schools ACS. H Total 12 units on land area
      75 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      2205 4 FUSION PACIFIC PTE. LTD. C&M CO., LTD. (Company Registration No. *****3007E) (The "Company") Change of Control Offer Notice Ap ri1 25,200 8 CHANGE OF DIREaOR Registered Holders of the Notes issued under the Indenture NOTICE IS HEREBY GIVEN THAT Yeong Mvi Chin (NRIC No: S*****02I). with a copy to: a.k.a
      2,205 words
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  • COMPANY NEWS
    • Article
      Lock icon Trading of Oculus shares halted
      454 5 This is due to the firm being unable to respond in time to its sponsor's queries By CHOW PENN NEE CATALIST-LISTED Oculus called for a halt on trading of its shares yesterday, to give itself time to respond to queries by its sponsor. Oculus' sponsor
      454 words
    • Article
      Lock icon More Asian companies seen tapping IPO market: Citigroup
      409 5  -  CONRAD TAN By MORE than 2,900 Asian companies have raised almost US$5OO billion of equity through initial public offers since 1990, says a new report. And the Asian IPO market is expected to continue growing rapidly, Changes such as a shift towards
      409 words
    • Article
      Lock icon Deutsche DCCs worth looking at in sideways market
      703 5  -  R SIVANITHY ONE of the most fascinating features of any warrants market is the sheer diversity of products that can be offered, with the range limited only by the imagination of issuers. All needs can be catered for in the local market,
      703 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      308 5 Only Citi Premier Miles rewards you with the most miles, fastest*: 5,000 Citi Miles on the first transaction 1.2 Citi Miles with every Ssl spent Annual bonus of up to 20,000 Citi Miles Enjoy true flexibility and total freedom in redemption. Citi Miles are redeemable for miles on most airlines
      308 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Sell in May and go away?
      581 6  -  R SIVANITHY STOCKS Broad market posts 190 rises against 225 falls as prices weaken amid slow trading THE market axiom "sell in May and go away" sprang to mind when observing yesterday's session in the local stock market, as prices weakened in one of
      Bloomberg  -  581 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      101 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 9 3 0 0 0 5 9 3 lanufacturini 46 81 58 10 55 86 68 Commerce 21 29 18 25 35 21 "pt/Stor/Comms 17 10 12 18 12 12 ■inance 17 18 instruction 10
      101 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24,055 24,055 190,281 190,281 lanufacturing 352,003 36,525 388,528 341,636 2,598 344,235 lommerce 68,755 9,617 78,372 52,836 1,545 54,382 )t/Stor/Comms 86,798 152 86,950 260,354 44 260,398 :i nance 27,403 27,408 232,150 232,150 lonstruction 24,299 13,087 37,386 5,710 629 6,339 'roperties
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      102 6 lapitaLand 7.040 4-0.050 lapltaMal 3.500 -0.050 jtyDev 12.560 4-0.080 Iosco Corp 3.300 -0.170 IBS Grp 20.040 4-0.140 :&N 4.850 -0.070 Sent Intl 0.610 IK Land 4.590 4-0.050 ISH 17.400 lardineC&C 16.600 -0.160 Ceppel Corp 10.800 -0.100 Ceppel Land 6.100 -0.010 IOL 3.280 4-0.010 loble Grp 2.330
      102 words
    • Article
      Lock icon BROKERS' TAKE
      456 6  -  CHOW PENN NEE Ferrochina April 28 close: 551.44 DMG Partners, April 28 FERROCHINA'S revenue for Ql 2008 grew 167 per cent y-o-y, from 1,123.6 million yuan (*****.5 million) to 2,999.8 million yuan, mainly due to stronger demand for its products and also the additional production capacity obtained from
      456 words
    • Article, Illustration
      Lock icon STI may have peaked at 3,235 for near term
      231 6  -  KEN TAI CHEE MING, CHART POINT LAST week, we pointed out that the Straits Times Index (STI) may head higher to test the 3,306 resistance. However, the index could not sustain its rise above 3,235 and subsequently backed down towards the
      231 words
    • Article, Illustration
      Lock icon Dollar trims gains before Fed cut
      545 6  -  LARRY WEE CURRENCIES US-DOLLAR gains over the past few sessions were cut back yesterday ahead of a heavy week for US data and, closer to home, expectations about the pace of Chinese yuan appreciation appeared to have been scaled back too. Last Friday, the
      Reuters  -  545 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE
      55 6 Apr 28 VALUE CLOSE 681.00+231.C IT OB/OS IT CADI -*****.00 -36. IT 10-day MA -*****.00 +68.0I TSE ST Mid Cap 806.05 -2.6! TSE ST Small Cap 672.57 -5.01 TSE ST All Share 814.94 +0.9, TSE ST China 493.30 -11.4! IOB Catalist 149.25 +1.5 IMSCI 396.08 +1.41 IMSCI Futures
      55 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Teledata 74,554,000 CoscoCorpMßl_eCWoBoBol 57,845,000 GMG Global 57,155,000 CoscoCorpDßeCWoBo929 41,473,000 Ferrochina 29,305,000 Yanqzijianq 28,301,000 Cosco Corp 25,846,000 China Honqxinq 24,891,000 ChinaEratat 24,882,000 Firstßes 22,049,000 VALUE(S) Keppel Corp 167,131,810 Cosco Corp 86,075,770 Sing Tel 82,658,630 DBS Grp 76,900,060 SGX 67,704,917 Capita Land 55,633,610 Wilmar 47,783,400 Ferrochina 44,272,630 OCBC
      55 words
    • Article
      Lock icon RISES
      105 6 CLOSE UP LD 10US$ 8810 130.7 1.1 filmar 488 23.0 4. reat Eastern 1670 20.0 1., iBS Bk6% NCPS 10 ***** 18.0 0., I A 1604 18.0 1.1 ilA Em 436 16.0 3.: iBS Gri 2004 14.0 0. Cmdfr 10US$ 410 13.6 2. ilA 200 1602 12.0 0.: DB
      105 words
    • Article
      Lock icon FALLS
      114 6 BY CENTS CLOSE DOWN 21.5-278.5 -92.8 lovo Gri IMH 3100-130.7 -3.0 :iMBAsean40 100US! 954 -27.2 -2.1 ,usGroui 79.5 -23.5 -22.: iMT 1980 -20.0 -1.0 ,sia Pac Brew 1320 -18.0 -1.3 iwiber 260 -18.0 -6.5 :osco Con 330 -17.0 -4.! lardine C&C 1660 -16.0 -1.0 ;txpokwioo 347 -16.0 -4.4 BY
      114 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 6 Apr 28 %CHNG CLOSE FRApr25 YR2008 S$ LOW S$ HIGH USS 1.3620 0.20 1.4542 1.3457 Euro 2.1359 -0.41 2.2064 2.0474 Pounds 2.7101 -0.52 2.8431 2.6583 AS 1.2801 -0.65 1.3235 1.2349 Yen* 1.3041 0.14 1.4484 1.2832 Rupiah* 0.***** 0.09 0.***** 0.***** Baht* 4.2965 0.23 4.4299 4.2620 Peso*
      84 words
    • Article
      Lock icon Asian fund industry eyeing more bear market products
      760 7 -Reuters More fixed income or absolute return products expected to be on offer [HONG KONG] Asian investors, long used to being pitched mutual funds geared to high-flying stocks, will see more nonequity products on offer this year as the fund industry tries
      -Reuters  -  760 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      275 7 Your travel essential. One flat rate across Asia-Pacific. Enjoy savings on your data roaming. Get up to 10 times more usage with our three capped usage subscription plans Bridge Dataßoam 5, Bridge Dataßoam 15 and Bridge Dataßoam 40. Bundled Usage SMB 15MB 40MB Approximate 100 email or 300 email or
      275 words
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  • COMPANY NEWS
    • Article
      Lock icon Allgreen Q1 profit plunges 65%
      342 8  -  EMILYN YAP Company cites US sub-prime crisis as a factor, says property market was subdued By ALLGREEN Properties yesterday posted net earnings of $17.5 million for the first quarter ended March 31 a 65 per cent slump from $49.6 million in the same period last
      342 words
    • Article
      Lock icon Hong Leong Finance's Q1 profit rises 16.4%
      354 8  -  SIOW LI SEN By HONG Leong Finance has reported a 16.4 per cent increase in net profit to $30.5 million for the three months ended March 31 on a bigger car loan portfolio and more property loans. Earnings per share rose to 27.68
      354 words
    • Article
      Lock icon LMIR Trust posts distributable income of $23.3m
      235 8 LIPPO-MAPLETREE Indonesia Retail (LMIR) Trust has reported a distributable income of $23.3 million for its first interim financial period from Nov 19, 2007 to Mar 31 this year. This was 3 per cent higher than the forecast income available for distribution set out
      235 words
    • Article
      Lock icon AusGroup dives after loss warning
      299 8  -  OH BOON PING By SHARES of AusGroup Ltd plunged yesterday after the company disclosed the potential size of its third quarter losses. The company, which provides engineering services to mining and energy firms, saw its stock price hit a day low of 77.5 cents before
      299 words
    • Article, Illustration
      Lock icon Tri-M Tech eyes earnings turnaround within 2 years
      529 10  -  LYNETTE KHOO It says it'll lift the company from SGX's watch-list of loss-making firms By ELECTRONICS contract manufacturer Tri-M Technologies said yesterday it expects to see a turnaround in earnings when gains from a new business venture start streaming in. This will
      529 words
    • Article
      Lock icon Action Asia posts Q1 net profit of $238,000
      309 10  -  LIM WEN JUIN By ACTION Asia announced yesterday a net profit of $238,000 for the three months ended March 31, its fourth consecutive quarter of profit, with earnings per share of 0.06 cents. It also reported firstquarter revenue of $48.7 million, a
      309 words
    • Article
      Lock icon New StarHub data service
      103 10 STARHUB has introduced a new backhaul service designed to meet the high-bandwidth requirements of data traffic transiting into and through Singapore. The service is able to offer greater cost efficiency, faster time-to-market and improved diversity for international carriers and facilities-based operators (FBOs) looking to expand their
      103 words
    • Article
      Lock icon Yangzijiang Q1 net profit more than doubles
      310 10  -  LYNETTE KHOO By YANGZIJIANG Shipbuilding yesterday said that its net profit for the first quarter ended March 31 more than doubled to 371.27 million yuan (5573.14 million) from 183.49 million yuan a year ago. Revenue, mostly derived from its core shipbuilding business, increased
      310 words
    • Article, Illustration
      Lock icon SingTel offers Office@Sea satellite solutions for ships
      420 10  -  VINCENT WEE By INCREASING demands from ship owners and operators is leading to calls for more services from telecommunications providers. Sing Tel is going some way towards meeting some of these needs with the official launch yesterday of its Office@Sea suite of satellite
      420 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hisaka to raise $20.7m from IPO
        40 10 Reuters HISAKA Holdings, which makes machine components for the semiconductor and data storage industries, plans to raise around $20.7 million in its Singapore listing. It is offering 90 million shares at 23 cents each.
        – Reuters  -  40 words
      • Article
        Lock icon NOL carries 13% more containers
        77 10 Reuters NEPTUNE Orient Lines, the world's eighth biggest container shipping firm, said that it carried 13 per cent more containers in the four weeks to April 4 compared with the year-ago period. The company said in a statement yesterday that its shipping arm APL carried
        Reuters  -  77 words
      • Article
        Lock icon Ascott acquisition completed
        34 10 CAPITALAND has completed the compulsory acquisition of The Ascott Group. Ascott will become an indirect wholly owned subsidiary of Capita Land and will be delisted from the Singapore Exchange from today.
        34 words
      • Article
        Lock icon GMG in business development talks
        38 10 GMG Global Ltd said that it is now in talks with a company with "the view to creating further opportunities for business development" for the firm. However, the discussions are preliminary, it added.
        38 words
      • Article
        Lock icon At a glance
        168 10 Notes: Net profit refers to profit attributable to equity holders. Net profit includes profit from a discontinued operation. Trust Reits: Net profit is income available for distribution and turnover is gross revenue. HL Fin: Turnover figures are income before operating expenses. Exchange rate: US$l =551.381, RMBI =550.197,
        168 words
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      Lock icon Page 8 Advertisements Column 1
      490 8 /^V Get your Rabobank Warrant IO IUI Highlights daily via email. Visit www.rabowarrants.com.sg or ■^||11^ g|S|SyaMiflj| fcj| 'y emailwarrants@rabobank.com COSCO CORP RB ECWOBOBIB (FD2W) CHINA XLX RB ECWOBOBOB (ESSW) COSCO CORP SINGAPORE LTD Call CHINA XLX FERTILISER LTD Call Exercise Price 553.217 Exercise Price S$ 1.00 L Expiry Date 18
      490 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      49 9 5" 0) n O 3 x? ■■■>- When you land, we believe you should be in the same good condition Excellence in Flight as you were during take-off. That's why our delicate service with a smile remains constant throughout the Kiji^RVAlV ATII ££k\ flight until you reach your destination. »^_J
      49 words
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  • Page 10 Advertisements
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      150 10 Where would you like to go? With our global network spanning over 30 major cities, IE Singapore can take you there. From Abu Dhabi to Moscow, Hanoi to Sao Paulo, International Enterprise (IE) Singapore helps you identify new business opportunities and export markets around the world. With over 20 years
      150 words
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  • SINGAPORE NEWS
    • Article
      Lock icon PowerGas inks LNG terminal deal with EMA
      408 11  -  RONNIE LIM It has already started design and engineering work to ensure the facility is ready by 2012 By SINGAPORE Power subsidiary Power Gas Ltd which signed a deal yesterday with the Energy Market Authority (EMA) to build Singapore's $1 billion liq- uefied
      408 words
    • Article, Illustration
      Lock icon More needs to be done in IDM field, says Tharman
      552 11  -  CHRISTOPHER LIM By1 SINGAPORE has to do more to get its interactive digital media (IDM) act together, Finance Minister Tharman Shanmugaratnam said yesterday at a computer games conference. "I don't think we are yet in a situation where there is
      552 words
    • Article
      Lock icon IHG to launch 30 hotels over 3 years
      364 11 INTERCONTINENTAL Hotels Resorts (IHG) is launching 30 new hotels predominantly in China over the next three years in the Asia-Pacific region, banking on strong domestic markets as well as in-ter-Asia travel to bolster revenue. Five hotels and resorts are slated to open
      364 words
    • Article
      Lock icon Contact S'pore widens scope to woo investors
      260 11 A MINISTRY of Manpower (MOM) initiative to attract foreign talent and overseas Singaporeans to Singapore will now be jointly led by the Economic Development Board (EDB). This means that the initiative, Contact Singapore, will now broaden its scope to include investors, while it
      260 words
    • Article
      Lock icon CPA Australia offers Web help to local firms in XBRL reporting
      330 11  -  MICHELLE QUAH By PROFESSIONAL accounting body CPA Australia has released a webinar a type of Web conference to help Singapore companies prepare and submit financial statements in accordance with a new requirement introduced by the Accounting Corporate Regulatory Authority
      330 words
    • Article
      Lock icon Fair Price to extend discount period
      224 11 SUPERMARKET chain NTUC Fair Price will extend its 5 per cent discount on 500 essential house-brand items until the end of July to help fight inflation. The scheme was launched in December last year to help people stretch their shopping dollar, Fair Price boss
      224 words
  • Page 11 Advertisements
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      110 11 v+ v if* h| -->-f- i —jpcnnnr ]nuppupn^inn nnnnnnnnp 1— L—< L Ill.lil 11 II ILJI 11. *****11 I II *****1111 11 li 11. 11 I I r |y Iri r t Jill^sißSSU—l^Ki H iL Singapore Ij^. I —i-h j f'hi-tf^Mp- Jh }f■ J k \k lj H *—I;- 4
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  • SMEsportlight
    • Article, Illustration
      Lock icon Local logistics firm flies high
      831 12 Mac-Nels began as a one-man operation but is now a major player in the freight forwarding industry with a network of global associates, says OH BOON PING LOGISTICS firm Mac-Nels Singapore has certainly come a long way since its inception in 1975. What started out
      ARTHUR LEE  -  831 words
    • Article, Illustration
      Lock icon Entertainment rules change with the beat
      328 12  -  OH BOON PING PRO-ENTERPRISE CHANGES By PUB and bar operators here can now play a bigger role in keeping their house in order and getting customers movin' to the groove. Operators used to have to get a police licence before patrons could dance on
      328 words
    • Article
      Lock icon Service-level agreements: the ins and outs
      644 13 IT MATTERS It is important SMEs understand the role and function of service-level agreements, reports OH BOON PING AS SMEs outsource more IT operations, it is important that they understand the role and function of serv-ice-level agreements (SLAs) to create a framework for a
      644 words
    • Article
      Lock icon Spring launches $6m chip plan for SMEs
      273 13  -  SARA LIM By SPRING Singapore has launched a $6 million Semiconductor Capability Development Programme (CDP) to train local precision engineering small and medium enterprises (SMEs) to meet the outsourcing requirements of the semiconductor industry. The grant support from Spring will be used by
      273 words
    • Article
      Lock icon Small caps stage significant rebounds
      364 13  -  TEH HOOI LING By COMPARED with two weeks ago, many small caps have staged significant rebounds. Among the biggest gainers are China stocks. In our portfolio, China Hongxing has surged 23 per cent to just over 70 cents. And Straits Asia has also climbed in
      364 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      124 12 Ik. 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
      124 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Tokyo stock rally signals growing bullish sentiment
      495 14  -  ANTHONY ROWLEY Growing view in financial sector that deflation has finally been shaken off By in Tokyo JAPAN'S benchmark Nikkei 225 stock average jumped briefly above 14,000 for the first time in two months yesterday, signalling what analysts said was a growing view
      REUTERS  -  495 words
    • Article
      Lock icon Japan may well escape US-led recession
      529 14 Bloomberg Less dependence on exports to US, rising China demand cited [TOKYO] Japan has followed the US into every recession in the past three decades. This time may be different. Since 1970, when the US accounted for 30 per cent of Japanese exports, each
      – Bloomberg  -  529 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8257 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.924/ Star Europe Bond 1.188/ Star Europe Bal 1.157/ Star Asian Tiger Eqty 1.389/ Star Asia Bond 1.172/ Star Asia Balanced 0.962/ Star Global Technology Fund!** 0.194/ Multi St Fd 0.851/ Star Asia Bond(USD) 0.863/ Gib Multi St USD
      8,257 words
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  • MALAYSIA
    • Article
      Lock icon US$5b M-E project in Perak gets KL's nod
      491 15  -  PAULINE NG Move allays fears investment in Opposition-held states is in jeopardy By in Kuala Lumpur MALAYSIA'S federal government has approved the setting up of a US$5 billion integrated oil and gas complex in Perak by a consortium of Middle Eastern investors.
      491 words
    • Article
      Lock icon Govt plans to subsidise locally grown rice
      436 15 -AP [KUALA LUMPUR] Malaysia's government is planning to subsidise locally grown rice to prevent consumers from being hit by record high prices of the staple food in the world, a Cabinet minister said yesterday. "The main priority is that the government wants to
      -AP  -  436 words
    • Article
      Lock icon KL civil servants' retirement age likely to be raised to 58
      427 15  -  S JAYASANKARAN PM's expected move aimed at appeasing govt unions body, which demanded 60 By in Kuala Lumpur MALAYSIAN Prime Minister Abdullah Ahmad Badawi is likely to extend the retirement age for civil servants soon from 56 to 58.
      427 words
  • Page 15 Advertisements
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      109 15 rgw SAVE TAX Our qualified professionals W/Jk-' can assist you with offshore structures, shelf companies and incorporations in ALL jurisdictions including: wihM r^^^^^T I British Virgin Islands P^U^^^^^^L Cayman Islands I Bahamas I Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also
      109 words
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      56 15 j A al B& Independent industry experts take a closer look at the impact of the US economic crisis on the global housing market and identify the next property hot spots. Singapore I 12 13 May I Asian Civilisations Museum 7.00-9.00pm k A registrations fee of SGDSO applies. To register
      56 words
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  • GREATER CHINA
    • Article
      Lock icon Sinopec gets Aussie nod to buy A$600m oil fields stake
      583 16 -Reuters, AP But firm's shares dip after its Q1 profit falls 69% on record crude oil costs [BEIJING] Australian oil firm AED Oil said yesterday that the country's Foreign Investment Review Board has approved the sale of a majority stake
      -Reuters, AP  -  583 words
    • Article, Illustration
      Lock icon Warm welcome for torch in N Korea
      170 16 Reuters [SEOUL] North Koreans waved flags, plastic flowers and danced in the streets of Pyongyang to welcome the Olympic torch yesterday after the destitute state had promised its main benefactor China an "astonishing" show. There was almost no security needed as the torch
      – Reuters; REUTERS  -  170 words
    • Article
      Lock icon China steps up efforts to monitor deadly virus
      264 16 Reuters [BEIJING] An eastern Chinese province has introduced a daily reporting system to monitor the spread of a virus that has killed 19 children and spread panic among residents, Xinhua news agency reported yesterday. The enterovirus 71, or EV7I, which can cause
      Reuters  -  264 words
    • Article
      Lock icon Sales at 15 stores hit by protests: Carrefour
      197 16 Bloomberg [PARIS] Carrefour SA, the world's second-biggest retailer, recorded lower sales at 15 of its 112 stores in China after cell-phone text messages and Internet blogs called for a boycott of the French company. "The calls for a boycott aren't over yet
      – Bloomberg  -  197 words
    • Article
      Lock icon Cheung Kong buys Auckland power network
      389 16 Bloomberg [HONG KONG] Cheung Kong Infrastructure Holdings, Hong Kong billionaire Li Ka-shing's roads and utility company, has agreed to buy a power network in New Zealand's capital from Vector for NZ$7B5 million (*****.3 million), Vector said. The sale of the Wellington grid is expected
      – Bloomberg  -  389 words
  • Page 16 Advertisements
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      1445 16 VASHION GROUP LTD. (Incorporated in the Republic of Singapore) Registration No. *****6220H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 27, Woodlands Industrial Park El, Hiangkie Industrial Building #03-08, Singapore *****8 on Thursday, 15 May 2008 at
      1,445 words
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  • INDIA
    • Article
      Lock icon Central bank faces dilemma as inflation rises
      541 17 ■AFP Deciding on a tighter credit policy may have depressing impact on already slowing economy [NEW DELHI] India's central bank faces a tough dilemma this week as it decides whether to ramp up its inflation fight amid warnings that too harsh credit conditions
      ■AFP  -  541 words
    • Article
      Lock icon Bharti eyes assets in emerging markets
      184 17 Bloomberg [NEW DELHI] Bharti Airtel, India's biggest mo-bile-phone operator, said it may buy assets in emerging markets as the company expands overseas. "We're always open to opportunities across the globe," chief executive officer Manoj Kohli said in a Bloomberg Television interview from New Delhi
      – Bloomberg  -  184 words
    • Article
      Lock icon 10-satellite Day load beats Russian record
      337 17 -AFP Feat marks India as a major player in the space market [BANGALORE] An Indian rocket launched a record 10 satellites into orbit in a single mission yesterday, underlining the nation's emergence as a major competitor in the multi-bil-lion-dollar space market. The PSLV rocket
      -AFP  -  337 words
  • Page 17 Advertisements
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      79 17 Fantasy Waterbeds Ltd Where Sleep Matters. We'll knock you out without the pills! We've mastered the science of sleep without counting sheep, drinking milk or popping harmful pills to give you complete holistic sleep and all the benefits that come with it. t ''.esse*' u lB' IffS-E^^11 solo »eds -"T""
      79 words
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      Lock icon Page 17 Advertisements Column 2
      108 17 2008 FOCUS ON YOUKBUSI NESS GROWTH. W join HP TOTAL CARE CHALLENGE 2008 today I AND WIN $75,000 WO^TH OF HP SOLUTIONS, AND PACKAGES I FROM niCROSOFT AND STARHUB! I If you are a growing company with a big vision, then HP Total Care Challenge can help you realise it
      108 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Oil hits new record near US$1l20 a barrel
      490 18 Reuters UK refinery strike, disruption to Nigerian output threatens supply [LONDON] Oil hit a new record near US$l2O a barrel yesterday, boosted by a string of bullish factors that include a UK refinery strike and disruptions to Nigeria's output that highlight the
      – Reuters; AFP  -  490 words
    • Article
      Lock icon Economy worse off than feared: Buffett
      310 18 Reuters [NEW YORK] Warren Buffett, the world's richest person, said yesterday the US economy is in a recession that will be more severe than most people expect. Mr Buffett made his comments on CNBC television after his Berkshire Hathaway Inc agreed to invest US$6.5
      Reuters  -  310 words
    • Article, Illustration
      Lock icon Crews search for optimal sail plans
      458 18 THE early stronger winds that the teams have been enjoying are starting to reduce now and will continue to drop the further south the fleet races. The various tactics are very interesting at the moment as the yachts are spread across a north-east/south-west axis
      458 words
    • Article
      Lock icon Abu Dhabi arrests unlicensed fund manager for fraud
      172 18 Bloomberg [DUBAI] Abu Dhabi public prosecutors are investigating a suspect, identified only by the initials AAG, who a Dubai newspaper said may have swindled investors in the oil-rich United Arab Emirates (UAE) out of almost US$2 billion. AAG and associates persuaded locals
      Bloomberg  -  172 words
    • Article, Illustration
      Lock icon Vietnam slaps ban on rice speculation
      620 18 AP, Reuters This comes as prices soared nearly 100% over last 2 weeks [HO CHI MINH CITY] Vietnam has banned rice speculation amid panic buying while Malaysia and the Philippines took steps to ensure that their citizens could afford the grain as soaring prices
      AP,; Reuters  -  620 words
    • Article
      Lock icon BURSA MALAYSIA
      2246 18 kpr28 RM Cooo] A&M Realty 0.64 AbricBhd 0.20 Advance Synergy 0.13 Adventa Bhd 1.32 AeMuIti Hldgs 0.22 Affin Holdings 2.12 Ahmad Zaki Resou 1.05 AicCorp 0.54 \irasia Bhd 1.30 Akn Technology 0.56 Alliance Financi 3.12 Aluminium Co 1.03 Amalgamated Ind 0.45 \mmb HldgsBhd 3.80 Amtel Holdings 0.72 Amway
      2,246 words
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  • WORLD
    • Article, Illustration
      Lock icon US corn belt faces drought risk this year
      764 19 Reuters A drought would bring on crop failure and wreak havoc on global food prices [WASHINGTON] The US Midwest has enjoyed nearly 20 years without a major drought but forecasters worry the corn belt's luck could dry up this year, further squeezing
      Reuters; BLOOMBERG FILE PHOTO  -  764 words
    • Article
      Lock icon Calpers to lose two top executives
      439 19 Bloomberg [SAN FRANCISCO] The California Public Employees' Retirement System (Calpers) is losing two top executives as board members of the largest US public pension fund seek assurances that investment decisions won't cut civil service jobs in the state. Chief executive officer Fred Buenrostro may
      ■ Bloomberg  -  439 words
    • Article
      Lock icon Financial Times starts Middle East edition
      336 19 Reuters Paper will be produced in London and printed in Dubai [NEW YORK] The Financial Times is starting a Middle East edition to serve what it sees as a growing demand for business news in the Gulf states and other parts of the region.
      Reuters  -  336 words
    • Article
      Lock icon Citi, RAMS in talks on mortgagebacked securities
      175 19 Reuters [SYDNEY] Citigroup and RAMS Home Loans Group Ltd are in discussions with investors about selling residential mortgage-backed securities (RMBS), sources said yesterday, in what would be the first such issue this year. The RMBS market has been hit worldwide by the US
      Reuters  -  175 words
  • Page 19 Advertisements
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      322 19 T GKE fT^t.| GZE EXPRESS LOGISTICS PTE LTD |2S%i£ajgW Specialist in Project OOG Cargo: I For Oil Gas, Marine Engineering Aerospace industry Lowbed, U-bed Semi-trailer trucking Escorted trucking route PSA port direct receipt discharge Risk assessment and site survey JAM Heavy lifting, choking, lashing, stuffing, fumigation i General bonded storage
      322 words
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  • AVIATION
    • Article, Illustration
      Lock icon United's merger with US Air, Continental likely soon
      730 20 Reuters For the first time, all major carriers are in play for possible mergers or alliances [WASHINGTON/CHICAGO] United Airlines seems to be the prime mover in the next industry merger, and a decision could come soon as carriers are forced to consolidate
      ■ Reuters  -  730 words
    • Article
      Lock icon Tiger raising US$225m to buy four new Airbus planes
      261 20  -  YEN SREENIVASAN By [SINGAPORE] Tiger Airways is planning to raise US$225 million to finance the purchase of four Airbus A 320 planes. The budget carrier's chief executive Tony Davis revealed this yesterday in Hong Kong, a week after releasing strong financial
      261 words
    • Article, Illustration
      Lock icon Certis Cisco, CAAS seal $360m security deal
      307 20  -  YEN SREENIVASAN Firm will provide security for key civil aviation facilities By [SINGAPORE] Security specialist Certis Cisco has been awarded a $360 million contract by the Civil Aviation Authority of Singapore (CAAS) to provide security cover for Singapore's key civil aviation infrastructure and
      307 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2427 20 AIRLINE CODES: AA American Airlines (AA_' r AF Air France (AFR). Al Air India (AIC), AY Finna (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW) BG Biman Bang r'.h Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd BA), BO Bouraq Airlines (BOU),
      2,427 words
  • Page 20 Advertisements
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      160 20 BT/ZUJI Deals of the Week ȣSglsU lisa ~ggg BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Hong Kong $2,420 $430 $96 Cathay Pacific Cathay Pacific 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
      160 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      330 20 CRYPTIC CROSSWORD ACROSS 1 Value of magician's accesso- j" I ry in London (10) B^^ 9 For every translation con- I H^l tains something irregular HBn 11 A tie in poor condition (6) HHBH jßj IHHH IH^B 12 Reckon there's danger in- r^ volved in getting meat (7) 15 Blessing
      330 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Energy, natural resources the way to go for BDP
      385 21  -  VINCENT WEE It sets up dedicated unit, BDP Project Logistics, to cater to such projects By THE burgeoning number of complex projects in the energy and natural resources markets such as in the construction, mining, power, oil, natural gas and chemical
      LIANHE ZAOBAO/LAU KENG SENG  -  385 words
    • Article
      Lock icon US to enlist boaters as allies against any boat terror attack
      881 21 AP [WASHINGTON] As boating season approaches, the Bush administration wants to enlist America's 80 million recreational boaters to help reduce the chances that a small boat could deliver a nuclear or radiological bomb somewhere along the 150,000 km of
      AP  -  881 words
    • Article
      Lock icon TNT profit tumbles 58% in Q1
      589 21 Bloomberg Delivery service says fewer working days reduced revenue [FRANKFURT] TNT NY, Europe's second-biggest ex-press-delivery service, said first-quarter profit fell after last year's earnings were boosted by the sale of the freight-management unit, as fewer working days and an early Easter holiday restrained revenue.
      ■ Bloomberg  -  589 words
    • Article
      Lock icon Kawasaki may raise profit forecast
      306 21 Bloomberg [TOKYO] Kawasaki Kisen Kaisha Ltd, the only major Japanese shipping line to predict a decline in profit this fiscal year, gained the most in a week in Tokyo on speculation that the company may raise its forecast. Kawasaki Kisen advanced 4.8 per cent to
      – Bloomberg  -  306 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Unks Grand Banks lava Hold Ltd KTVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.62 0.37 3.30 0.80 2.40 1.13 0.07 0.89 1.39
        101 words
      • Article
        Lock icon KLSE
        36 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.80 9.45 9.20 4.40 3.10 0.22 0.15 unch unch 0.15 0.14 -0.02 -0.01 0.01 84 1237 141 1477 82 30 8
        36 words
      • Article
        Lock icon BANGKOK
        13 21 ■oo IPL 'recious Ship Regional Cont 25.50 23.80 -0.25 -0.20 129: 5!
        13 words
      • Article
        Lock icon HONGKONG
        14 21 '000 )r28 HK$ Vol Doil iingamas Cont .43.90 ...2.28 0.15 0.02 20) 62(
        14 words
      • Article
        Lock icon PHILIPPINES
        26 21 '000 28 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.50 31.00 2.50 1 40 -0.20 unch unch -0.20 75: 46! 9( 5(
        26 words
      • Article
        Lock icon TAIPEI
        20 21 IPL Evergreen Marine ...29.50 :irst Steamship 84.00 /Van Hai Lines 27.50 t'ang Ming Marine...23.75 0.50 -2.30 0.20 0.30 1
        20 words
      • Article
        Lock icon TOKYO
        39 21 '000 'en :awasaki Hvy Ind ..265.00 8.00 ***** :awasaki Kisen ....1111.00 51.00 7953 /litsubishi Hvy 478.00 10.00 ***** /litsui Eng&Sbldg...348.00 6.00 ***** /litsuiOsk Lines ...1459.00 22.00 9971 lippon Express 572.00 -23.00 5334 lipponYusen 1033.00 20.00 5574 rttirrp*' Renters
        39 words
  • Page 21 Advertisements
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      89 21 Reputable UK based consolidator with facilities Felixstowe, Southampton, etc. operating established consolidation services to Singapore and South East QT A± Asia. Seeking active partner(s) in South East Asia and Singapore 3 I %J with own ocean consolidations to UK for reciprocal handling. Interested parties with relevant activity in this region
      89 words
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      Lock icon Page 21 Advertisements Column 2
      57 21 40%0ff t#^«S7^] H I Ml W H II £T^-H-ms--^,^fl fj-^Sk B*^^» WWW.RAOIO9I3.COM II t VII .^H m \_j bestonlineV ®g=: [instant m > /!S\ GRATIFICATION |X LAjKJyJI JB H GUARANTEED!] «UST the most jlwaS™™™"^ STYLISH ifgj ~^^B6^l ORGANIC ilitlfjß""' Kfl A Hi meals in _n jffiwaw a» j IHI HI
      57 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Flexibility key for firms to brave downturn
      455 22 MARKET upheavals usually entail significant reshuffling among companies. During the recession of 2000-02, nearly 40 per cent of leading US industrial companies dropped out of the first quartile in their respective sectors. A third of leading US banks met the same fate. At
      455 words
    • Article, Illustration
      Lock icon To retain talent, make all staff feel 'at home'
      1248 22  - To retain talent, make all staff feel 'at home RICHARD SCHULTE Trust them, make them feel appreciated, and help them develop, among other things By I ITH the general shortage of skilled people in the market and the difficulties organisations face in finding the right people for their business needs,
      AFP  -  1,248 words
    • Article, Illustration
      Lock icon Changes a Democrat-run America will bring
      721 22  -  PAUL SAMUELSON Tribune Media Services THE BOTTOM LINE EVIDENTIAL odds now favour the view that either Barack Obama or Hillary Clinton will be elected US president next November. Similar considerations suggest that both chambers of the US Congress will be run by Democratic majorities.
      Tribune Media Services  -  721 words
    • Article, Illustration
      Lock icon There's gold in them, thar phones
      891 23  -  MIHO YOSHIKAWA Reuters Old electronic products contain gold, silver, copper and a host of other metals which are enjoying near-record prices By I 1| HINKING of throwing out your old cellphone? Think again. Maybe you should mine it first for gold, silver, copper and
      ■ Reuters; REUTERS  -  891 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Have succession plans for ageing directors
        365 23  -  Lee Kwok Weng I HAVE been regularly attending annual general meetings of listed companies and note that there is invariably a resolution that, pursuant to Section 153(6) of the Companies Act, an older director be appointed (or reappointed) to hold office until the next
        365 words
      • Letter
        Lock icon Seat belts in school buses will improve children's safety
        194 23  -  Keong Soh THE recent accident involving an 8-year-old child highlights the necessity of providing seat belts in school buses. The forward momentum of a child weighing 20kg sitting without restraints in a school bus travelling at a low speed of 40-60kmh
        194 words
      • Letter
        Lock icon Real cause of food shortage is grain diverted to produce meat
        300 23 I REFER to your editorial "Tackle food crisis as urgently as credit one" and to the column "Biofuel not the main culprit behind rising food prices" by G Panicker (both in BT, April 25). Contrary to what most people
        300 words
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  • Page 23 Advertisements
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      10 23 BEDDEI bIIBS UNCOVER THE LATEST IN MATTRESSES AND BEDDINGS. sPHmagazines
      10 words
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      74 23 BE THE FIRST TOKNOW Breaking 1 flews/ 1 smsniert/ Monthly Subscription Rate English SMS Alert Business Finance News @$5.35/mth Singapore News @$4.28/mth World News @$4.28/mth Chinese SMS Alert Chinese News @$4.28/mth •Soccer Info/News @$5.35/mth Dial #155 to sign up now and enjoy the first 30 days' subscription FREE! Service exclusive
      74 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6390 24 Transaction date: Apr 28 52-wks Tel |h Low Code Last Sale Vol ('000) Hi i Day Last Quote Div GrYld Net )h Low Buyer Seller C'vr P/E M Cap $mil Hi! Com[ >anj 5716 1st Software 22 6.5 3148 STelecom fil S sf°sTe 42 19.5 2101 APOil 141
      6,390 words
    • Article
      Lock icon SGX XTRANET
      69 24 Hii Low Code Comi Sale fooo) Hii Low Big Seller Cvr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      69 words
    • Article
      Lock icon SGX CATALIST
      1928 24 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 30 11.5 1181 s AAGrp 415 16 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5 3518 s Afor 70.5 12 1524 s Alantac
      1,928 words
    • Article
      Lock icon CLOB INTERNATIONAL
      199 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      199 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      41 24 i^DEMARSPMET "V^^ißw»lf^' Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^P^^fe""^^^^^,!^ -i^.? Q.^jf' "—■H*™'^l f 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -^fei^Jtiife-- J^ J__^ l ij-lu,^" ~-L^=J «S Internet: Http://www.audemarspiguet.com > V V"" £■-'■".-*«js^™j;
      41 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      381 25 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Apr 25 World Index Preliminary 1047.6 0.5 -7.4 0.7 -10.1 0.5 -5.1 t EAFE Prel liminai 1006.7 1.1 -10.2 1.4 -10.2 1.1 -5.2 Euroi Prelim
      381 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 25 As at 9am Apr 28 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2670 1.2810 .an dollar 1.3450 1.3610 Euro 2.1170 2.1410 NZ dollar 1.0590 1.0820 iterlini ind 2.6880 2.7181 US dollar 1.3560 1.3710 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      160 25 Apr 28 $S Offer Overnight 7/8 1-month 1 1/4 2-months 1 5/16 3-months 1 7/16 Overnight mode: 1 1/16 US$ Offer 3/4 1 1/8 1 3/16 1 5/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.75 2.95 3.05 3.10
      160 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 25 Apr 28 ten Hii Sett STI IIMSCI 394.1 396.3 394.7 "aiwan At 345.9 350.9 350.3 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Apr 28 SS Bid Offer 1-month 1.3593 1.3605 2-months 1.3576 1.3589 3-months 1.3563 1.3576 6-months 1.3522 1.3536 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 25 Apr 28 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2756 1.2768 0.9371 0.9373 'anadian dollar 1.3489 1.3503 0.9910 0.9913 Euro 2.1273 2.1291 1.5628 1.5630 NZ dollar 1.0684 1.0696 0.7849 0.7852 iterlin. md 2.6948 2.6972 1.9797 1.9800
      157 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      354 25 Apr 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO8 SepO8 DecO8 MarO9 97.155 97.075 96.885 96.810 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES JunO8 99.120 99.120 SepO8 99.030 99.035 DecO8 98.905 98.920 MarO9 98.845 98.845 JunO9 98.735 98.785B SepO9 DecO9 Mar10 99.105
      354 words
    • Article
      Lock icon SICOM FUTURES
      288 25 Apr 28 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest May 08 JunO8 Jul 08 Aug 08 Sep 08 Oct/Dec 08 396.25 394.25 389.25 387.50 385.75 384.75 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open Interest
      288 words
    • Article
      Lock icon CHICAGO BOT
      100 25 Apr 25 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1325.75 1348.75 1360.00 1324.50 Jul OS 1337.00 1361.00 1372.00 1335.00 Aug 08 1317.50 1341.00 1344.00 1315.00 Sep 08 1269.00 1289.50 1291.00 1267.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 58.97 60.17 60.58 58.80
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Apr 25 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 117.18 1.55 WTI (Near Mth) 118.62 2.54 Dubai (1-Mth F) 107.34 -2.11 Tapis blend 120.2 -1.95 Minas 112.55 -1.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 105.38 141.25 -1.57 -2.95 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 25 Apr 28 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.946 6.564 0.600 7.304 37.647 86.630 0.980 9.336 2.958 1.194 60.393 39.484 1.276 7.097 0.968 28.501 29.723 0.473 0.937 Canada 1.058 6.942 0.634 7.724 39.814
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Apr 28 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****A 31.07.08 1-Year BY*****N 04.05.09 1.04 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hig Day's igh Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
    • Article
      Lock icon SIBOR
      78 25 Apr 28 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 2.***** 12 mths 2.***** SWAP
      78 words
    • Article
      Lock icon PALM OIL
      60 25 Apr 28 Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low May 08 3470 3497 3500 3470 64 1277 JunO8 3410 3510 3510 3410 495 8758 Jul 08 3411 3510 3516 3398 7309 ***** AugO8 3410 3510 3512 3410 772 5393 Total o/p:
      60 words
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      Lock icon PRECIOUS METALS
      138 25 Apr 28 GOLD (USS/oz) Apr IS Apr25 Hong Kong London 890.90 881.10 891.90 882.10 Apr 25 Apr 24 890.25 891.30 891.45 892.30 Source: Reuters CAST BAR (S$) Apr 28 Buying Sellini Kilobar "42,064.91" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz
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      Lock icon LONDON METALS
      64 25 Apr 25 Co iri iiuiii, yy.i (US$/tonne) Close Previous :ash 2951.00 2957.0I months 2995.00 3003.0I Copper, Grade A (US$/tonne) :ash months 8698.50 8575.00 8640.01 8525.01 .ead (US$/tonne) :ash months 2745.50 2769.00 2738.01 2759.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00
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      Lock icon LIFFE
      76 25 Apr 25 :OCOA (Btonne) Close Prev Hii ih/Low May 08 1477 1487 1479/1446 JulO8 1502 1522 1506/1472 SepO8 1439 1457 1441/1415 Dec 08 1419 1432 1423/1398 COFFEE (US$/tonne) Close Pev High/Low May 08 2197 2241 2231/2175 JulO8 2240 2284 2275/2215 SepO8 2241 2285 2270/2217 Nov08 2223 2266 2236/2200 SUGAR
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      Lock icon BONDS & WARRANTS
      1825 25 BONDS WARRANTS Pel lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left )092 Asia Environment W*****4 12.5 0.5 140 1 38 6 3.80 16 5657 Biosensors DB ECW*****3 9.5 -2 50 1 85 2 1267 Biosensors DB ECW*****5 23.5 -1 10
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      2539 26 The Business Times Shipping Times ————————————————————————————————————————————————————————————————————————————————————————————I M W^m tf iMffllij^-^ltfi^VJlV,Vlffcfftlll. _l^ WAN HAI INTERNATIONAL PTE LTD K__"^ _t VTf B^g||^|Uya ■■■i^__l_______i___ai_l_l V"x_l\ IAIAM UAI I llirr TEL *****588 (14 LINES) FAX: *****163 _r_^^:||l|||(y;|| BBJBSBBSBHISaaeBBTBB Wr/MtißlMtlmW^^ I \\\N 1 WAN HAI INtS <J»l«n- Setvke/Boolting* Dir«l Line < 1800) *****200 lllß'i_Jaillw¥l3affl««lA_ll fcll
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      3840 27 jjlgl AUSTRAL ASIA LINE »b»i.:h ll p://™. lBl rd ß idin..J I WmM H B H H I (f§ c^m [p--c!X— J ASIA AUSTRALIA SERVICE AcceptingContainer/LCL/Breakbulk/Project vHr■A^H EBsZ^^^^^^En^^^^BE^^^Hn^^^n^^^H3i^^^K3^^^K!^^ 111 WEEKLY EXPRESS SAILING SCHEDULE CAPE YORK 05A8 OMIS 07/05 M/OJ 29/05 01/06 05/06 W% SSS R!I3fITIII!!iniHi?iI?iI?T?iTIWWT! I!3BTiISI^ CAPEMORETON 81A8 11/05 17/05
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  • PROPERTY
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      Lock icon Older UK homes weather market strains better
      388 28 Reuters Personal finance website expects property prices to fall 20% this year [LONDON] Houses bought four years ago or more are best placed to weather the property market downturn, research shows. Personal finance website Fool. Co. Uk expects property prices to tumble 20
      – Reuters; ! I REUTERS  -  388 words
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      Lock icon Biggest drop in 3 years in British house prices
      532 28 Bloomberg [LONDON] UK house prices fell the most in more than three years in April as a dearth of credit and concern that the property slump is deepening deterred prospective homebuyers, Hometrack Ltd said in a statement yesterday. The average cost
      – Bloomberg; AFP  -  532 words
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      Lock icon Berlin property market holds huge investment potential
      721 28 Reuters But for it to materialise may take a long time [BERLIN] Frank Roszak, a good-hu-moured Berlin butcher with a friendly smile, bought a spacious 10-room house in a pleasant suburb just west of the German capital for US$l.3 million about 16 years
      – Reuters  -  721 words
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      Lock icon Slowdown looks unlikely in China
      364 29 Reuters Urbanisation, desire for better housing will put pressure on prices: think tank [BEIJING] China's real estate market will not see a major slowdown in 2008 despite Beijing's intensified efforts to cool excessive price rises, the top government think-tank said in a report published yesterday.
      – Reuters; REUTERS  -  364 words
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      Lock icon Asia – some bright spots amid challenges
      328 29  - Asia some bright spots amid challenges EMILYN YAP Asia expected to weather real estate downturn By THE mood was generally subdued at a property conference held by Citi yesterday although a few positive assessments of the market provided some bright spots. Opening the event, Citi country officer Piyush Gupta said
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      176 28 6 th and Part 17 th Floors at Peninsula Plaza Prime Location in the heart of City Hall IV N^^;\,(^%/x: District f/\X>|^i Tenure: 999 year leasehold ir^JJli^ /\N Net LettableArea 17,975 sqft 'A II 7 (6th and Part 17th) Walking Distance to City Hall Interchange /^J^/S&g^/M--MRT Station vQW T/ fy~^
      176 words
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      156 28 I Canadian Infl Sch -<i m The British \L^ot o^l.SM Prominent District 10 site, off Sixth Aye \N Large plot of 174,176 sf, Freehold ™CI» Residential PR 1.4, up to 5 storeys fsf^—^^ Near good schools like RGPS, MGS '^^^Sfc:^ I rSr° Miona Chinese High Sch. international schools I f^^~~^SsiS~^~l
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      155 28 For Sale By Tender Prestigious Good Class Bungalow off Holland Rd Site Area 32,687 sq ft approx. Tenure 999 years Tranquil environment with lush greenery Elevated land with unobstructed views Tender Closing: 22 May 2008 (Thursday), 3pm Dl 2 Balestier 25,000 of PR 2.8 SSIO ppr Potential For up-to 36
      155 words
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      379 29 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 For
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      316 29 We are hosting an exclusive Investors Cocktail Reception on Tuesday 6th May at British High Commission, lOOTanglin 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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      127 30 Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Past performance is not a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get
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