The Business Times, 30 April 2008

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Total Pages: 33
1 33 The Business Times
  • 22 1 THE BUSINESS TIMES •V A SINGAPORE PRESS HOLDINGS PUBLICATION SINGAPORE 85 cents online at http://www.businesstimes.com.sg COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Wednesday, April 30,2008
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  • 770 1  -  ANNA TEO MAS says financial services, IT sector vulnerable but core activities insulated from US By [SINGAPORE] Global headwinds have gathered speed in recent months, but domestic and regional support should prevent the Singapore economy from sliding into a sharp downturn in 2008,
    770 words
  • 606 1  - Market Street Car Park set to stay at least for now ARTHUR SIM CCT defers decision on redeveloping site into office building By [SINGAPORE] Capita Commercial Trust (CCT) has decided to defer its decision on the redevelopment of Market Street Car Park (MSCP) into an office building that could cost
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  • 18 1 TST INDEX 3,172.36 (-29.27) AST INDEX FUTURES 3,172 (+5O) TSIMSCI 392.91 (-3.17) TSIMSCI FUTURES 392.50 (-2.20)
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  • 29 1 12.25 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 Source:
    12.25 Bloomberg  -  29 words
  • 43 1 uesi iam 1COMP 1,283.65 -11.66 IIKKEI225 Closed IANG SENG 25,914.15 +247.86 ;et index 833.63 -2.79 JAKARTA COM P 2,303.53 +49.22 IANILACOMP 2,754.29 +14.85 ;eoulcomp 1,811.51 -11.66 ;henzhen b 559.48 -4.70 IUMBAI IND 17,378.46 +362.50 12NOONEDT Change 12,827.87 -43.88 )OW IASDAQ 2,416.09 -8.31
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  • 40 1 IS$ (S$ ier US$) 1.361 (US$/S$ )er£) 1.984 2.701 ;URO (US$/S$/E) 1.557 2.11 'EN 104.20 76.6I 3.153 2.31 m 7.791 5.72. !AHT 31.69 23.2. 1UPIAH 9,225 6,77; 1ENMINBI 6.985 5.132 INDIAN RUPEE 40.27 29.5: 1.071 0.78' 1.286 0.94 1
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  • Page 1 Miscellaneous
    • 56 1 flf MAYDAY PROPERTY HPHFOOD CORPORATE W^ AWARD Leases of more flatted Rice prices may ease RESULTS 1 Philip Yeo honoured factories terminated in weeks ahead: FAO Raffles Medical Ql g^k page 10 inQl page 10 page 21 earnings up 48% pages Partners in prosperity Essay by a participant in the
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    • 17 1 Money Matters: Don't succumb to greed and fear page 33 Art option for Asia's wealthy page 34
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  • TOP STORIES
    • 542 2  -  RONNIE LIM They can outsource these dedicated units to third-parties to build and operate By [SINGAPORE] Big businesses like the ExxonMobil and Shell petrochemical complexes that want dedicated power plants to cater to their huge electricity needs can now outsource
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    • 410 2  -  VINCENT WEE Analysts believe business decision is behind the move By [SINGAPORE] Plans for a $200 million hotel in the new Singapore Sports Hub appear to have been canned, even though preferred bidder Singapore Sports Hub (SSH) consortium said
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    • 289 2 A A Bloomberg LATEST US DATA [NEW YORK] Confidence among US consumers fell this month to the lowest level in five years as Americans worried about jobs, record gasoline prices and falling home values. The Conference Board's confidence index fell to 62.3, a smaller decline than forecast
      A A Bloomberg  -  289 words
    • 410 2  -  CHEWXIANG Sam says it will save company valuable cash and offers him more upside By [SINGAPORE] Jade Technologies' new group president Sam Chong Keen's unusual payment model is a "perfect fit" with the company, Mr Sam told BT yesterday in a
      FILE PHOTO  -  410 words
    • THREE-MINUTE DIGEST
      • 76 2 WHILE food prices have risen sharply in recent years, empirical studies suggest that the upward trend is unlikely to continue in the long run. This is according to the Monetary Authority of Singapore's macroeconomic review report. The MAS report cites research by
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      • 72 2 TRANSPORT provider SMRT Corp reported a 5.5 per cent fall in net profit to $34.2 million for its fourth quarter ended March 31. The year-on-year decline was due to higher tax expenses there was no cut in the corporate tax rate this year,
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      • 84 2 RAFFLES Medical Group announced yesterday a 48.4 per cent jump in first quarter net profit to $6.1 million. The surge in profit attributable to equity holders was helped by a 25.8 per cent jump in revenue to $47.4 million as patient load increased and
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      • 63 2 SINGAPORE Food Industries yesterday reported a 29.7 per cent year on year rise in first quarter net profit to $12.87 million, despite revenue easing 2.2 per cent. Turnover for the three months ended March 31 was $176.37 million, while earnings per share were
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      • 106 2 TERMINATION of leases of JTC flatted factory space, which is supported by manufacturing and services, hit 37,000 sq m in the first quarter of 2008 22 per cent higher year on year and 14 per cent higher quarter on quarter. According to JTC's quarterly
        106 words
      • 80 2 US Treasury Secretary Henry Paulson said on Monday that he was focused on getting economic stimulus payments to consumers quickly to boost the economy and had no interest in a second stimulus plan. "The whole idea was doing something that will make a difference
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      • 65 2 THE stock of Malaysia's third-largest cement producer Tasek Corporation surged more than 7 per cent to RM4.38 yesterday after related company Singapore-listed Hong Leong Asia announced a reverse takeover. Tasek, whose plant is in Perak, is buying all of HLA's building materials businesses
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      • 90 2 THE surge in China's petrol and diesel imports this year has given an unexpected fillip to world oil prices, but that extra demand may vanish this autumn as Beijing unwinds a series of pre-Olympic measures. To ensure its summer Olympics in August run smoothly,
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      • 73 2 LEXUS will be expanding its premises on Leng Kee Road soon but is also on the lookout for a suitable site to build a standalone showroom. "We have a growing number of models, and a bigger space is required," explains William Choo, commercial director
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    • 393 2 -AFP Police raid Guangdong factory producing thousands of flags [HONG KONG] When campaigners lobbying for Tibetan independence wanted flags to showcase their movement against Beijing, guess where they turned to? The world's biggest production hub China, of course. Days before the
      -AFP; AFP  -  393 words
    • 416 3  -  EMILYN YAP MAS REVIEW UN, IMF reports find that real commodity prices decline over the long term: MAS Reports by [SINGAPORE] While food prices have risen sharply in recent years, empirical studies suggest that the upward trend is unlikely to continue in
      416 words
    • 420 3 AP They are optimistic that things will improve next year [NEW YORK] Even millionaires are feeling the economic squeeze, with many saying that they don't even "feel" wealthy. But as a group, they are optimistic that things will improve in the next year. The
      AP  -  420 words
    • 292 3 [SINGAPORE] The recent climb enjoyed by equity and property prices was driven more by strong economic growth than by low interest rates, according to a study by the Monetary Authority of Singapore (MAS). Empirical research by MAS shows that economic activity exerts a
      FILE PHOTO  -  292 words
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  • COMPANY NEWS
    • 538 4  -  SARA LIM Higher tax expenses cited; Q4 revenue rises 11.5% to $208.5 m By TRANSPORT provider SMRT Corp reported a 5.5 per cent fall in net profit to $34.2 million for its fourth quarter ended March 31. The year-on-year decline, despite a
      FILE PHOTO  -  538 words
    • 384 4 Reuters Chairman cites lack of revaluation gains this year CAPITALAND said yesterday its 2008 earnings were unlikely to match last year's $2.8 billion due to a lack of revaluation gains. The firm should, however, perform better at the operating level, chairman Richard Hu
      ■ Reuters  -  384 words
    • 311 4 Reuters [MELBOURNE] Australian telecoms provider Optus, a unit of Singapore Telecommunications, said yesterday a government tender for a A 59.4 billion (Ssl 1.9 billion) high-speed broadband network is deficient and favours its chief rival, Telstra Corp Ltd. Australia has slower and more expensive Internet
      – Reuters  -  311 words
    • 772 4  -  R SIVANITHY HERE'S a scenario commonly enacted in the local stock market a company's stock, having quietly crept up or down in increasing volume over the previous days, suddenly either surges or crashes in high volume, sometimes ahead of an important announcement, sometimes for
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    • 525 5  -  CHEN HUIFEN Increased patient load and expanded services; operating lease expenses fall By RAFFLES Medical Group (RMG) seems to have been immune from the climate of economic uncertainty, announcing yesterday a 48.4 per cent jump in first quarter net profit to $6.1
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    • 300 5  -  OH BOON PING By THANKS to a turnaround in its joint ventures, MCL Land yesterday reported a first-quarter net profit of US$5 million, up from just US$l million in the year-ago period. Earnings per share rose to 1.36 US cents from 0.27 US
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    • 294 5 FOOD and property group Yeo Hiap Seng (YHS) will be writing back excess tax provision of $11.8 million for the period ended March 31, 2008 after reaching a settlement with the Inland Revenue Authority of Singapore (IRAS). This comes after
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    • 292 5  -  OH BOON PING By CATALIST-LISTED Oculus Ltd has issued a statement to explain the delay in the completion of its FY2007 audited accounts. Firstly, the firm said it experienced difficulties in reconciling the accounts of subsidiary PJ Services (PJS), which it acquired
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    • 141 5 HOME furniture maker and exporter Koda has reported a 24.7 per cent year-on-year fall in third quarter net profit to U*****,000 as revenue dropped 19.3 per cent to US$9.7 million. This resulted in net profit for the nine months to March 31 rising
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  • Page 5 Advertisements
    • 239 5 CHAN BROTHERS TRAVEL WINS the ULTIMATE UWCTHA SEAL OF CONSUMER APPROVAL AWF X THANKYOU FOR VOTING US THE PLATINUM WINNER IN READER'S DIGEST TRUSTED BRANDS 2008 V^Uj Chan Brothers Travel is the only travel agent in Singapore awarded in the new Travel Agent category. While most Trusted Brands are distinguished
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  • SINGAPORE MARKETS
    • 680 6  -  LARRY WEE CURRENCIES Non-Asian counterparts bear the brunt of the US dollar bounce IN a twist to the usual cliche, the US central bank's policy-makers may demonstrate this week that more than ever, they are caught between a rock and a
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    • 223 6 YEAR TO DATE APR 29'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 104.25 1.07 112.05 95.71 SGD 1.3595 0.69 1.4542 1.3457* IDR 9220 0.33 9500 9035 THB 31.71 0.76 33.59 31.00 CNY 6.9850 -0.07 7.2085 6.9824* MYR 3.1515 0.41 3.3120 3.1310* CURRENCY vsUSS Euro 1.5562 -2.48
      223 words
    • 99 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 9 6 0 0 0 2 9 6 lanufacturing 39 94 56 12 12 44 106 68 Commerce 16 36 17 21 42 20 'pt/Stor/Comms 13 17 14 19 :inance 13 14 14 14 Construction
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    • 105 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 25,984 25,984 140,654 140,654 lanufacturing 295,876 81,429 377,305 273,950 7,360 281,310 Commerce 37,057 3,251 40,308 51,409 481 51,889 ■pt/Stor/Comms 90,254 1,810 92,064 291,284 496 291,780 :inance 29,272 29,277 265,278 265,279 Construction 45,149 3,518 48,667 7,849 302 8,151 ■roperties 42,559
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    • 104 6 CapitaLand 6.970 -0.070 CapitaMall 3.500 CityDev 12.440 -0.120 Cosco Corp 3.080 -0.220 IBS Grp 19.880 -0.160 :&N 4.850 Sent Intl 0.605 -0.005 IK Land 4.630 4-0.040 ISH 17.200 -0.200 lardineC&C 16.560 -0.040 Ceppel Corp 10.360 -0.440 Ceppel Land 6.070 -0.030 IOL 3.250 -0.030 loble Grp 2.290
      104 words
    • Article, Illustration
      704 6  -  CONRAD TAN Yangzijiang Shipbuilding April 29 close: 551.06 DBS GROUP RESEARCH, April 29 YANGZIJIANG'S Ql 2008 results were within our expectation. Ql 2008 net profit doubled to 371.3 million yuan, with revenue surging 86 per cent y-o-y to 1,694.1 million yuan. Gross margin held up at 21.0 per
      704 words
    • 586 6  -  R SIVANITHY STOCKS TRADING in the local market yesterday crawled to a virtual standstill ahead of today's US Federal Open Markets Committee meeting and Thursday's Labour Day holiday. In one of the quietest sessions of the past fortnight, the Straits Times Index
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    • 4 6 DAILY
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    • 57 6 Apr 29 VALUE CLOSE 434.00 -247.C IT OB/OS IT CADI -*****.00 -162. IT 10-day MA -*****.00 +44. TSE ST Mid Cap 803.85 -2.2' TSE ST Small Cap 665.84 -6.7! TSE ST All Share 808.42 -6.5, TSE ST China 475.38 -17.9 IOB Catalist 148.33 -0.9! IMSCI 392.91 -3.1
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    • 59 6 VOLUME Jade Tech 57,081,000 CoscoCorpMßLeCWoBoBol 55,347,000 Cosco Corp 50,236,000 CoscoCorpDßeCWoBo929 41,302,000 China Honqxinq 37,259,000 GMG Global 22,617,000 CoscoCorpMEßeCWoBo9lB 22,111,000 Golden Agri 21,974,000 Yanqzijianq 20,107,000 SinqTelMBLeCWOBO9O3 19,760,000 VALUE(S) Cosco Corp 157,047,440 Keppel Corp 115,115,875 DBS Grp 91,681,110 SGX 80,773,578 Sing Tel 65,699,460 Capita Land 55,086,150 UOB 39,520,960 S
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    • 98 6 CLOSE UP China H 10US$ 1846 21.8 0.9 ICBC BkMBLiCW*****0 310 20.0 6. Venture Cor| 1122 20.0 1.: ISMSCI India 100 812 17.7 ilA 200 1616 14.0 0. I A 1616 12.0 0. ndoAi iri 247 7.0 2. ;txpokwioo 354 7.0 2: IK Land 463 5.4 0: "otal Access
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    • 117 6 CLOSE DOWN 8760 -68.0 -0.6 LD 10US Kei Cor| 1036 -44.0 -4.1 ;gx 846 -40.0 -4.5 ;GXMBI_iCW*****0 285 -38.0 -11.8 ISH 1720 -27.2 -1.1 ■osco Cor| 308 -22.0 -6.7 BMT 1960 -20.0 -1.0 IMH 3086 -19.1 -0.5 Kei T&T 523 -19.0 -3.5 .oscoCori iBe2C*****2 317 -17.0 -5.1 BY PERCENTAGE
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    • 85 6 Wh lere S! stands Apr 29 %CHNG CLOSE FRApr28 YR2008 S$ LOW S$ HIGH uss 1.3595 0.18 1.4542 1.3457 Euro 2.1157 0.96 2.2064 2.0474 Pounds 2.6881 0.82 2.8431 2.6583 AS 1.2687 0.90 1.3235 1.2349 Yen* 1.3041 0.00 1.4484 1.2832 Rupiah* 0.***** 0.24 0.***** 0.***** Baht* 4.2873 0.22 4.4299 4.2620
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    • 327 8  -  OH BOON PING This is despite firm's revenue rising just 2.2%; turnover from S'poreopsup 13.1% By SINGAPORE Food Industries (SFI) yesterday reported a 29.7 per cent year-on-year rise in first-quarter net profit to $12.87 million, despite revenue rising just 2.2 per
      327 words
    • 216 8 W results ended March 2008 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) I I 1 IndoAgri 81.31 13.02 524.5 427.47 180.29 137.1 2 Hi-Plntl 24.68 15.07 63.7 269.99 199.52 35.3 3 FibreChem 23.71 18.79 26.2 86.95 66.96 29.8 4 HwaHong 17.38 36.64
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    • 226 8 Bloomberg GALLEON Group, the US$7.5 billion hedge-fund firm founded by Sri Lankan-born Raj Rajaratnam, plans to set up an Asian portfolio that will trade bonds, interest rates and currencies by betting on macroeconomic trends. The macro fund will start at US$25O million and increase
      Bloomberg  -  226 words
    • 479 8  -  EMILYN YAP By BUSINESS looks set to transform in a big way for Shanghai Asia Holdings (SAH) as it expands from gravure printing into the aluminium foil rolling sector. Looking at the group's financial results, change appears to have been off
      479 words
    • 99 8 Reuters SINGAPORE-listed commodities trading firm Noble Group said yesterday that it has finalised a US$7OO million revolving credit facility. The facility provides Noble with additional capacity to issue guarantees and stand-by letters of credit to support its revenue growth, it said in a statement. The facility
      – Reuters  -  99 words
    • COMPANY BRIEFS
      • 81 8 SINGAPORE Post and ABN Amro have announced a collaboration to distribute a new personal line of credit to bring greater convenience and island-wide accessibility to customers in Singapore. This is the first alliance between Sing Post and a bank to distribute a personal line
        81 words
      • 54 8 SAMUDERA Shipping Line yesterday reported a 44.5 per cent rise in net profit to US$7.5 million for the first quarter ended March 31, 2008. Revenue rose 13.1 per cent to U*****.3 million, while earnings per share were 1.39 US cents-up from 0.96 US
        54 words
      • 57 8 BRIGHT World Precision Machinery has reported a 45.8 per cent jump in net income to 32.3 million yuan (556.29 million), while revenue rose 35.5 per cent for the first quarter ended March 31, 2008, to 141.46 million yuan. Earnings per share were
        57 words
      • 42 8 INNOVALUES Ltd posted net income of $3 million up from $2.2 million for the first quarter ended March 31, 2008. Revenue went up 3.6 per cent to $28.7 million, while earnings per share were 0.94 cent.
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  • Page 9 Advertisements
    • 406 9 A fashion feature brought to you by Jay Gee Enterprises Introducing DOCKERS Spring/Summer 2008 Collection SAN FRANCISCO \m\i tkm A\. Ammmm^M Z.ZI m^^^VffV j'^^Fjl^' m Tr m\ m^ m mm M Mm 'YUM L ym With its origin in San Francisco, the Dockers® brand is metropolitan m m and free-spirited
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  • SINGAPORE NEWS
    • 407 10  -  ARTHUR SIM PROPERTY 23% of firms cited poor business as a factor for termination: JTC By TERMINATION of leases of JTC flatted-factory space, which is supported by manufacturing and services, hit 37,000 sq m in the first quarter of 2008 22 per cent higher
      407 words
    • 399 10  -  ARTHUR SIM By THE Urban Redevelopment Authority (URA) has released two more residential sites through the Government Land Sales (GLS) programme. And while interest is expected to be good, profit margins for developers will be slimmer. A 1.08 ha site at Woodleigh Close, with
      399 words
    • 410 10  -  CHUANG PECK MING By Two top public sector executives share the top honours in this year's May Day Awards with four union leaders. Two of the union leaders will receive the award posthumously. Philip Yeo Liat Kok, chairman of Standards, Productivity
      410 words
    • 469 10  -  LEE U-WEN PM Lee wants to reduce workplace fatalities By WHILE accidents at work have been slashed since new safety laws were passed three years ago, Prime Minister Lee Hsien Loong believes Singapore companies can do even better. Yesterday he announced
      469 words
    • SINGAPORE ROUNDUP
      • 30 10 EU Van Sang International's group chief executive Richard Eu has been re-elected chairman of the governing council of the Singapore Institute of Management (SIM).
        30 words
      • 30 10 CHINA-BASED Hainan Vacada Investment Co has joined the Singapore Commodity Exchange as an associate member. The company mainly trades natural rubber in China and elsewhere.
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      • 77 10 A TOTAL of 1,466 cases of Hand, Foot and Mouth Disease (HFMD) of which 21 required hospitalisation were reported to the Ministry of Health (MOH) in the week ended April 26. This was an 18 per cent increase from 1,245 cases the week before.
        77 words
    • 704 12  -  AMIT ROY CHOUDHURY Individual tracks will cost $2 per track and most albums will be from $16 By TAKING another step in its grand dream of transforming itself into an Internet company, phone maker Nokia yesterday announced the opening of its Singapore online music
      704 words
    • 239 12 THE Singapore International (SI) 100 Ranking, which recognises companies with the highest overseas revenue, kicks off on May 9. And this year there's a new category the Top Ten Internationalising SMEs, to rank small and medium enterprises on their overseas revenue. Ted Tan,
      239 words
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      300 words

  • Page 12 Advertisements
    • 1396 12 RrB^BANK RHB BANK BERHAD (Co. N0 6171-M) (Incorporated in Malaysia) BOARD OF DIRECTORS The directors of the Bank who have held office since the date of the last report are: Datuk Azlan Zainol (Chairman) Johari Abdul Muid Dato Abdullah Mat Noh Ismael Fariz Ali Tuan Haji Khairuddin Ahmad Ong Seng
      1,396 words
    • 1586 12 I THE COMPANIES ACT.CAP.SO I I tHECOMPaZsT^ChIpTERSO, FCI ASIA TECHNOLOGY PTE LTD HoiTSTivrr1 j& (in voluntary winding-up) and I^^Vl HUUMIMU (Company Registration No. *****2112 D) INTHEMATTEROF I^B PI DEVELOPMENT At an Extraordinary General Meeting of the MARUSHIN ASIA PTE LTD ™J 1 ROARn abovenamed company held on 28 April 2008
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  • ECONOMY WATCH
    • 462 13 -Reuters [BEVERLY HILLS] The man credited with developing the financing of the modern US mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress.
      -Reuters; REUTERS  -  462 words
    • 425 13 Reuters Paulson denies US economy is facing threat of *****-type stagflation [WASHINGTON] US Treasury Secretary Henry Paulson said on Monday that he was focused on getting economic stimulus payments to consumers quickly to boost the economy and had no interest in a
      – Reuters  -  425 words
    • 355 13 Reuters It is one of the options to address financial markets' liquidity problems [WASHINGTON] The US Federal Reserve's Board of Governors will hold a closed meeting today to discuss paying interest on bank reserves, one of a number of options officials have been mulling
      – Reuters  -  355 words
  • Page 13 Advertisements
    • 148 13 |^H SINGAPORE FORTUNE oo FAVOURS* The search has begun for the best in the league of business who will make it to the 4th annual Singapore International (SI) 100 Ranking. Join the prestigious national ranking that celebrates the global achievements of Singapore companies based on overseas revenue and markets. For
      148 words

  • MALAYSIA
    • 348 14  -  S JAYASANKARAN Hong Leong Asia to take control after injecting assets worth RM 751.4 m By: in Kuala Lumpur THE stock of Malaysia's third-largest cement producer Tasek Corporation surged more than 7 per cent to RM4.38 yesterday after related company Singa-pore-listed Hong Leong
      348 words
    • 223 14 -AFP, AP [KUALA LUMPUR] Malaysia's king yesterday told lawmakers to work for the national good and not their own political ends as he officially opened the first Parliament session since landmark general elections in March. "I hope the elected representatives will carry out
      -AFP,; AP; REUTERS  -  223 words
    • 329 14 Bloomberg [KUALA LUMPUR] Malaysia's central bank has kept its benchmark interest rate unchanged for a 16th straight meeting, as inflation at a 13-month high leaves less room for a cut in borrowing costs that would spur growth. Bank Negara Malaysia maintained its overnight policy
      – Bloomberg  -  329 words
    • 8223 14 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.929/ Star Europe Bond 1.186/ Star Europe Bal 1.159/ Star Asian Tiger Eqty 1.391/ Star Asia Bond 1.176/ Star Asia Balanced 0.967/ Star Global Technology Fund!** 0.193/ Multi St Fd 0.851/ Star Asia Bond(USD) 0.863/ Gib Multi St USD
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  • Page 15 Advertisements
    • 3089 15 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) important Qtatprtipnt of fhanopc in Fniiitv Rank The financial information as set out below contain only a summary of the information extracted from the audited financial statements of Oversea-Chinese Banking JIwICIIICIII Ul V»ll«llgC9 111 tl|UILy DalllV Corporation
      3,089 words

  • INDONESIA
    • 563 16 Reuters Earnings boosted by solid loan growth following lowering of interest rates [JAKARTA] Indonesia's top two banks have reported strong first-quarter results, boosted by solid loan growth in the beginning of the year following a lowering of interest rates in South-east Asia's
      – Reuters; REUTERS  -  563 words
    • 241 16 Reuters [JAKARTA] The new head of Indonesia's influential state oil and gas watchdog BPMIGAS yesterday promised to help reverse a decline in the country's oil production by making the agency more efficient. Indonesia is Opec's only member in the Asia-Pacific region, as well
      Reuters  -  241 words
    • 376 16 Bloomberg [MUMBAI] Reliance Power, the energy company controlled by billionaire Anil Ambani, plans to invest US$65O million to develop an Indonesian coal mine to ensure supplies as prices rise to a record. The cost includes the mine, a railway and a jetty to
      – Bloomberg  -  376 words
    • 288 16 Reuters, AP [SYDNEY] Rio Tinto, under pressure to broaden its reach in commodities as it fights a takeover by BHP Billiton, said yesterday it had agreed to tax clauses with Indonesia needed before it can develop a nickel mine costing
      – Reuters, AP  -  288 words
    • 2224 16 tpr 29 RM C000) Furqan Business Gadang Hldgs Bhd .0.11 .0.80 -0.01 unch 240 16 ASM Realty 0.56 \bric Bhd 0.20 advance Synergy 0.13 Adventa Bhd 1.34 Ae Multi Hldgs 0.22 Win Holdings 2.11 Ahmad Zaki Resou 1.03 AicCorp 0.50 Airasia Bhd 1.29 Akn Technology 0.54 alliance Financi
      2,224 words
  • Page 16 Advertisements
    • 892 16 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) 5. Dividends 2007 200S $'000 $'000 Dividends paid during the financial year were as follows: Class E preference dividends of 4.5% tax exempt (2006:4.5% net of Singapore tax) 22,500 22,500 ClassC preference dividends of 4.2% net of
      892 words

  • GREATER CHINA
    • 651 17 Reuters New refineries being built should make China self-sufficient again: analysts [SINGAPORE] The surge in China's gasoline and diesel imports this year has given an unexpected fillip to world oil prices, but that extra demand may vanish this autumn as Beijing unwinds a
      Reuters; AP  -  651 words
    • 385 17 Bloomberg [BEIJING] China may revalue the yuan by 10 to 15 per cent in the coming months as policy makers seek to temper inflation close to an 11 -year high, according to Frank Gong, head of China research at JPMorgan Chase. The currency's
      Bloomberg  -  385 words
    • 217 17 -AFP [BEIJING] China is losing some of its attractiveness to foreign investors as rising costs are forcing some US manufacturing firms to leave the country, the American Chamber of Commerce (AmCham) said on Monday. More than two-thirds of AmCham's member companies surveyed in
      -AFP  -  217 words
  • Page 17 Advertisements
    • 1678 17 BANK OF SINGAPORE LIMITED (Incorporated in Singapore. Registration Number: *****0071R) The summary financial information set out below is extractedfrom the auditedfinancial statements _>CICCTCQ IMOTcS TO TllC rlliarlCiai _*laTCITienTS of Bank of Singapore Limited ("the Bank") for the financial year ended 31 December 2007 ("the for the financial year ended 31
      1,678 words

  • GREATER CHINA/INDIA
    • 700 18 Bloomberg Surprise move to tame runaway inflation; bonds and stocks rally after it keeps rates unchanged [NEW DELHI] India's central bank yesterday unexpectedly ordered lenders to set aside more reserves for the second time in two weeks to tame runaway inflation. The Reserve
      – Bloomberg  -  700 words
    • 189 18 Bloomberg [NEW DELHI] India's Finance Minister Palaniappan Chidambaram yesterday extended the income tax exemption for software companies by a year to March 31, 2010. Software stocks rose. The change has been made because the next Budget is likely to be presented only after
      – Bloomberg  -  189 words
    • 274 18 Reuters [SHANGHAI] Advertising companies in China's commercial capital Shanghai are confused and angry after city authorities placed a sudden and mysterious ban on billboards, state media reported yesterday. Shanghai authorities last week ordered a halt on the approval and review of outdoor commercial advertising,
      Reuters; BLOOMBERG FILE PHOTO  -  274 words
    • 341 18 Bloomberg Analysts say bank's sub-prime loss largely priced in [BEIJING] Bank of China, the nation's third-largest bank, rose in Shanghai trading yesterday after firstquarter profit beat some analysts' estimates on rising fees and loan income. Bank of China's report on Monday after
      – Bloomberg  -  341 words
    • 189 18 Reuters [BEIJING] China has ordered a year-long freeze on admission fees at tourism sites, the latest step by the government to keep a lid on rising prices. Xinhua news agency said the move was aimed at promoting the healthy development of tourism. It cited a
      Reuters  -  189 words
  • FOCUS: SWEET TALK
    • 578 18 Reuters [NEW YORK] If you had US$44 billion in cash lying around, would you spend some of it on a company whose best-known products cost about 5 cents a stick? That's what Warren Buffett did on Monday when his Berkshire Hathaway
      Reuters  -  578 words
    • 680 18 Reuters Chewing gum maker may see its ratings cut due to Mars' part debt financing [CHICAGO] Mars Inc's status as a private company allowed it to offer a US$23 billion price for Wm Wrigley Jr Co, which might not have been possible
      – Reuters; BLOOMBERG  -  680 words
    • 610 18 Reuters Mars-Wrigley deal pushes Cadbury off top confectionery spot [LONDON] Mars' bumper US$23 billion agreed takeover of Wrigley is set to re-ignite Cadbury Schweppes' effort to sweet talk Hershey into a merger as the world's confectionery market becomes ever more competitive, analysts said
      Reuters  -  610 words
  • Page 18 Advertisements
    • 109 18 Vorsprung durch Technik www.audi.com.sg 1^ Hi^^-. V"""*^ Fk Jmmu^kmm j A Driving revolutionised, pleasure reinvented. ■sg^^^T/ :Mf^ "^ML Ml Ml The new Audi A 4. Arriving soon. If/ I I Experience a whole new level of driving technology at the Audi A 4 Product Launch at Changi Exhibition Centre, from
      109 words

  • ASIA-PACIFIC
    • 629 19 Reuters The switch could weigh on world grain prices as Japan is a major wheat importer [TOKYO] In the face of the soaring rice prices sparking protests and riots around the world, Japan's advice to its people is simple: eat more rice.
      – Reuters  -  629 words
  • Page 19 Advertisements
    • 322 19 TOSS. TURN. TASTE. THRILLED? Seated by the pool on a wooden deck, the balmy breeze enhanced the setting while we shared an evening that is imprinted in one's memory TUTTTVT ATP Tr>T>TTTWT/^T T forever. The banter flowed as freely as the beer and wines while the team of chefs manning
      322 words

  • ASIA-PACIFIC/WORLD
    • 631 20 Reuters, US rice futures fall 2.5%; Thailand to release 2.1 m tonnes from stockpile [BANGKOK] Runaway rice prices that have sparked panic buying, protests and worries about food security may have peaked and could ease in the weeks ahead as countries rush
      – Reuters,; AP  -  631 words
    • WORLD WATCH
      • 40 20 -AFP [WASHINGTON] US Trade Representative Susan Schwab said on Monday that she would meet South-east Asian counterparts to review progress of a trade and investment initiative and the Doha Round of global trade talks.
        -AFP  -  40 words
      • 35 20 Reuters [WASHINGTON] Around 600 International Monetary Fund employees, about a quarter of its full-time staff, have requested buyouts under a plan aimed at cutting 380 jobs, officials said on Monday.
        – Reuters  -  35 words
      • 60 20 Bloomberg [AMSTERDAM] Royal Dutch Shell pic, Europe's biggest oil company, said that first-quarter profit climbed 25 per cent, boosted by record crude prices and higher natural gas. Net income advanced to US$9.OB billion, or US$l.46 a share, from US$7.2B billion, or US$l.l5, a
        – Bloomberg  -  60 words
      • 61 20 Bloomberg [FRANKFURT] Deutsche Bank AG, Germany's biggest bank, reported its first quarterly loss in five years after writing down the value of loans for leveraged buyouts and asset-backed securities by 2.7 billion euros (555.7 billion). It had a first-quarter net loss of
        – Bloomberg  -  61 words
      • 36 20 Reuters [SEOUL] HSBC yesterday extended the deadline on a US$6.3 billion offer to buy control of Korea Exchange Bank (KEB) from US private equity fund Lone Star to July 31.
        – Reuters  -  36 words
    • 290 20 AFP [WASHINGTON] Sovereign wealth funds have mushroomed 24 per cent over three years to hold a total of US$3.5 trillion in 2007, a US economic firm said on Monday. Global Insight said that projected on that annual growth pace, sovereign wealth
      AFP  -  290 words
    • 369 20 GLASGOW: Scotland with Style Clipper continues to hold on to a slender lead as both Hull Humber and New York push the team hard in the light and difficult conditions. In addition to the lighter winds most skippers reported that they also had to
      ONEDITION  -  369 words
    • 364 20 -Reuters [SINGAPORE] Dubai World, the investment firm of the Dubai government, said yesterday it is holding on to US real estate assets amid a sub-prime housing crisis that has slowed its investment decisions this year. Dubai World, with a portfolio of over US$2OO billion, is still
      -Reuters  -  364 words
  • Page 20 Advertisements
    • 1486 20 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
      1,486 words

  • AVIATION
    • 556 21 Bloomberg Airline is looking at new tie-up after being rejected by Continental Airlines [DALLAS] UAL Corp's United Airlines (UA) is in merger talks with US Airways Group after being rejected as a suitor by Continental Airlines, people familiar with the discussions
      – Bloomberg; FILE PHOTO  -  556 words
    • 2474 21 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 Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,474 words
    • 245 21 Bloomberg [WASHINGTON] The US Senate moved closer to approving a plan to upgrade air traffic control equipment after a seven-month delay and criticism about airline congestion, service and safety. An 88-0 vote on Monday in Washington means that the Senate will debate the aviation-funding
      – Bloomberg  -  245 words
    • 232 21 Bloomberg [LONDON] BAA Ltd's charges at London Stansted airport could almost double depending on price controls set out by the UK's aviation regulator. Charges could rise to between £4.50 (Ssl2) and £12.50 by 2013 depending on which pricing method is used, the Civil
      – Bloomberg  -  232 words
    • 125 21 Reuters [LONDON] A senior American Airlines executive said yesterday that London's Heathrow was the worst airport used by the company in Europe. Don Langford, head of customer services Europe for the airline, said that its base at Terminal 3 had suffered from a lack
      – Reuters  -  125 words
    • 300 21 Bloomberg [SHANGHAI] China Eastern Airlines, the nation's third-largest carrier, said it may lose 405 million yuan (Ss79 million) of sales this year after being ordered to scrap flights that were disrupted by a labour dispute. Two routes in the
      – Bloomberg; AFP  -  300 words
  • Page 21 Miscellaneous
    • 347 21 CRYPTIC CROSSWORD I Robust analysis covering the H I origin of railways (6) j^H |H| HHH |H| |H| 4 Where journalists might p^| provide a service? (6) i! 8 Fish pie crust worried rich jHj H| |H| H| |Hf |H[ jj^B support (6) |fl| |M| |M| jMj |M| |Mj II
      347 words

  • SHIPPING
    • 817 22  -  DAVID HUGHES By A YEAR ago last January, the UK-flag container ship MSC Napoli started to crack in two as she pounded through one of that winter's worst storms in the Western English Channel. As is now well known, the 4,419 TEU
      BLOOMBERG  -  817 words
    • 290 22 Reuters [NAMPULA, Mozambique] Mozambique plans to invest US$9OO million to upgrade two of its main ports as part of a drive to become a top regional shipping centre, the transport minister said yesterday. Transport and Communications Minister Paulo Zucula told Reuters the upgrade at the Nacala
      Reuters  -  290 words
    • 144 22 Bloomberg [HONG KONG] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard, said it will invest 163.2 billion won (***** million) to expand production of vessel parts at its South Korean yard. The investment at its yard in Okpo, which manufactures pipes and other
      Bloomberg  -  144 words
    • 456 22 Reuters [BANGALORE] Shipping company TBS International Ltd has not been affected by the slowdown in the United States as strong demand from China and other emerging economies continues to help the business, the company's chief executive said. "We very rarely deal with
      ■ Reuters  -  456 words
    • TRANSPORT STOCKS
      • 108 22 '000 it Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.62 0.36 3.08 0.79 2.44
        108 words
      • 39 22 '000 29 it Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.79 9.30 9.10 4.38 3.10 0.23 unch -0.01 -0.15 -0.10 -0.02 unch 0.02 unch 131 22 1091 808 81 21 0
        39 words
      • 15 22 ■oo 29 MS Vol Precious Ship Regional Cont .24.80 .23.70 -0.70 -0.10 2106 52
        15 words
      • 15 22 '000 ,pi 29 Balit Vol Doil iingamas Cont 43.60 2.26 -0.30 -0.02 349 2376
        15 words
      • 26 22 '000 >r 29 HK$ Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 30.50 2.50 1.42 0.10 -0.50 unch 0.02 1722 1184 3284 1
        26 words
      • 20 22 Evergreen Marine ...28.60 :irst Steamship 80.00 /Van Hai Lines 27.00 fang Ming Marine...23.00 -0.90 -4.00 -0.50 -0.75 2( I
        20 words
      • 43 22 '000 28 NTS Vol Kawasaki Hvy Ind ..265.00 8.00 ***** Kawasaki Kisen ....1111.00 51.00 7953 Mitsubishi Hvy 478.00 10.00 ***** Mitsui Eng&Sbldg...348.00 6.00 ***** Mitsui Osk Lines ...1459.00 22.00 9971 Nippon Express 572.00 -23.00 5334 Nippon Yusen 1033.00 20.00 5574 Source: Reuters
        43 words
  • Page 22 Advertisements
    • 877 22 ftp. m^^m^lmi^imWi 9^9 RH SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA 8> <£j** a <lfiL W^EZmmk\\2 l9m LStKI trade facilitation agreement _LiLieZaobaal ■■■MMMMB^ NOTICE TO TRADE jOlTllTlff INTHEMATTEROF I INTHEMATTEROF I BUNKER ADJUSTMENT FACTOR (BAF) forces' X" THE COMPANIES ACT, CHAPTER SO THE COMPANIES ACT, CAP. 50 2 INTHEMATTEROF (OTMPANYnImW9OIBI
      877 words

  • EDITORIAL & OPINION
    • 545 23 EVER since the US credit crisis broke out in August last year, the US Federal Reserve has been on a rate-cutting spree, slashing the Fed Funds rate six times, from 5.25 per cent on Sept 18 to its current level of 2.25 per cent.
      545 words
    • 1237 23  -  JAD MOUAWAD ■NYT Analysts say the world is not running out of oil, but rather oil production capacity By AS OIL prices soared to record levels in recent years, basic economics suggested that consumption would fall and supplies would rise
      ■NYT; AP  -  1,237 words
    • 774 23  -  FRANK CHING THE BOTTOM LINE AFTER weeks of international pressure, China succumbed last week with an announcement that "the relevant department of the central government" will have contact and consultations with the Dalai Lama's private representative "in the coming days". This is
      774 words
    • 1880 24  -  PAUL ROMER Economic growth, true improvement in the quality of life, is possible because we keep discovering new formulas By PICTURE your worst nightmare as a parent. Both your child and someone else's child are deathly ill. There is a bottle with
      AP  -  1,880 words
    • 889 24  -  GERARD LYONS By OVER the last 150 years, in real terms, after allowing for inflation, commodity prices tend to fall. But the question is whether China and India are fundamentally changing this? The sheer scale of the demand for commodities as both countries
      AFP  -  889 words
    • 339 24 LETTER TO THE EDITOR I REFER to your reports on rising food prices. The Goods Services Tax (GST) is a consump-tion-based tax and the objective is to shift the tax burden towards consumption. This will then encourage investment and lead to an overall growth
      339 words


  • SINGAPORE STOCKS
    • 7413 25 Transaction date: Apr 29 52-wks Tel |h Low Code Last Sale Vol ('000) Hi 1 Day Last Quote )h Low Buyer Seller Div GrYld C'vr Net P/E M Cap $mil Com[ >an] 5716 1st Software 22 6.5 3148 STelecom 28 5 8 5 5834 A-Sonic 110 100 6389
      7,413 words
    • 68 25 Hi. Low Code Comi Sale fooo) Hi. Low 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 IOPV
      68 words
    • 1962 25 Hii Low Code Comi >an' Sale COOO] Hii Low By ler Seller Cvr 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 22.5
      1,962 words
    • 201 25 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
      201 words
  • Page 25 Advertisements
    • 80 25 X PHOENIX Ky^TMn^WHiPiTT^^^^ i '^pigmam ipi# 1 Australia I X B Fl H ■^FB L 4 J X Canada V IDD K^^l China Make an affordable call Ap^ J A lAI A '^L^| IV^ 3 France Lj f^^^ Hi Germany W /c\ >*"^ 1 Hong Kong II y^x^"^ vCTi Ma|avsia
      80 words

  • FINANCE & COMMODITIES
    • 364 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change >i 28 World Index Preliminary 1056.3 0.4 -6.7 0.3 -9.5 0.4 -4.3 EAFE Preliminai 1013.4 0.7 -9.6 0.6 -9.7 0.6 -4.6 Euro[ Prelim inan 1394.0 0.5 -9.7 0.4 -10.2 0.5 -5.1 Pacific
      364 words
    • 65 26 Apr 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 08 3414 3337 3414 3320 232 1215 Jun 08 3434 3350 3434 3350 596 8757 Jul 08 3439 3349 3444 3349 6923 ***** AugO8 3430 3355 3441
      65 words
    • 25 26 Apr 29 ten Hii Sett STI SIMSCI Ma' 391.2 391.7 389.1 Taiwan Ma' 350.1 350.9 344.0 Source: MF Global (S) He. Ltd
      25 words
    • 21 26 Apr 29 Bid Offer 1-month 1.3587 1.3601 2-months 1.3570 1.3586 3-months 1.3556 1.3571 6-months 1.3514 1.353 Source: OCBC
      21 words
    • 156 26 Apr 29 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2698 1.2716 0.9333 0.9338 Canadian dollar 1.3411 1.3429 0.9857 0.9862 Euro 2.1176 2.1199 1.5565 1.5568 NZ dollar 1.0578 1.0594 0.7775 0.7780 Sterlin. md 2.6992 2.7020 1.9840 1.9843
      156 words
    • 301 26 Apr 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO8 SepO8 DecO8 MarO9 97.240 97.180 97.000 96.915 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES JunO8 99.105 99.115B SepO8 DecO8 98.920B MarO9 JunO9 SepO9 DecO9 Mar10 99.105 99.050A 98.850A 99.115 99.045 98.925 98.845 98.795
      301 words
    • 283 26 Apr 29 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 08 395.25 393.25 388.25 386.50 384.75 383.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      283 words
    • 129 26 As at 9am Apr 29 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2680 1.2830 Can dollar 1.3350 1.3510 Euro 2.1170 2.1420 NZ dollar 1.0560 1.0790 Sterlini 2.6930 2.7241 US dollar 1.3530 1.3690 Local dollars to 100 units of foreign currency:
      129 words
    • 161 26 Apr 29 IS Offer Bid Overnight 1 1-month 1 1/4 2-months 1 5/16 3-months 1 7/16 Overnight mode: 7/8 US$ Offer 7/8 1 1/8 1 3/16 1 5/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.70 2.90 2.95 3.10
      161 words
    • 466 26 Apr 29 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.947 6.521 0.600 7.274 37.589 86.120 0.973 9.338 2.943 1.200 60.191 39.400 1.271 7.055 0.970 28.384 29.580 0.471 0.934 Canada 1.056 6.887 0.633 7.682
      466 words
    • 138 26 Apr 29 GOLD (USS/oz) Apr 28 Apr 29 Hong Kong London 890.90 886.30 891.90 887.30 Apr 25 Apr 28 890.25 894.90 891.45 895.90 Source: Reuters CAST BAR M) Apr 29 Buying Sellim Kilobar "42,002.85" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      138 words
    • 78 26 Apr 29 (US$) (S$) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths
      78 words
    • 94 26 Apr 29 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****A 31.07.08 1-Year BY*****N 04.05.09 0.99 1.10 1.00 1.00 1.12 1.08 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F
      94 words
    • 69 26 Apr2S\ iri iiuiii, yy.i (USS/tonne) Close Previous Cash 2965.80 2951.00 3 months 3011.00 2995.00 Copper, Grade A (US$/tonne) Cash 3 months 8793.00 8650.00 8698.50 8575.00 Lead (US$/tonne) Cash 2741.50 3 months 2765.00 2745.50 2769.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • 76 26 Apr 28 COCOA (£/tonne) Close Prev Hii ih/Low May 08 1492 1477 1504/1480 JulO8 1505 1502 1523/1493 SepO8 1437 1439 1455/1430 Dec 08 1417 1419 1434/1412 COFFEE (US$/tonne) Close Pev High/Low MayO8 2229 2197 2286/2215 Jul 08 2279 2240 2330/2230 SepO8 2280 2241 2323/2241 Nov08 2265 2223 2277/2262 SUGAR
      76 words
    • 104 26 Apr 28 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1283.50 1325.75 1344.00 1270.00 Jul 08 1297.50 1337.00 1357.00 1280.00 Aug 08 1283.00 1317.50 1338.00 1270.00 Sep 08 1237.50 1269.00 1288.00 1230.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 57.75 58.97 59.75
      104 words
    • 76 26 CRUDE OIL PRODUCTS Apr 28 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 116.71 -0.47 WTI (Near Mth) 118.80 0.18 Dubai (1-Mth F) 110.06 2.72 Tapis blend 123.1 2.9 Minas 115.5 2.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 108.47 144.75 3.09 3.5 US$/barrel Opec Oil
      76 words
    • 1656 26 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 2036 Advance SCT Ltd W*****9 3.5 -0.5 83 1 87 178 9.29 28 4267 Biosensors DB ECW*****5 22 -1.5 7 1 70 5 4014Capitaland BNP ECW*****8 31.5 -1.5 82
      1,656 words
  • Page 26 Advertisements
    • 23 26 BSSmSIBiWf fffffflffrffl MB b^S.^ If y» IBphillipCapital Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Your Partner In Finance
      23 words

  • Page 27 Advertisements
    • 2997 27 m The Business Times Shipping Times A KPP I WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R A^N Rn9|UWJ|a»M» ■JmrW^Zr^TO'niTllßiill VTTr\ Willi ■■>■ M F TEL *****588 (HUMES) FAX:*****163 ■CTTT|r7^PTi« mjm mWmmmmH UrU23&£&rE V\\N 1 WAN HAI INpN Customer Service/Bookings Direct Une-(1800) *****200 K^^^^^^^^^^U |SSn3jSIj(IKS9S!j3iSS|^BH BIBuWLDSBnjITTfTE V »»"ll I Inl LlllfcJ PKL
      2,997 words

  • Page 28 Advertisements
    • 3608 28 RICKMERSLINIE Round-the-Wor.d Pear. Strin g Service I f"|T\ EASTERN CAR LINER. LTD I (jft £j S 3S^ Regular Breakßulk/Project/SOC Conventional Services website: www.rickmers.com 111 C I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I uirc,v rvnnree e«n nm enurmii r USA Service rt WbbKLY bXrnboo oAILINu oUHbUULb Vessel
      3,608 words

  • Page 29 Advertisements
    • 2921 29 PSil H 19 H H (I 111 i_ a npersen. *|:6562e:ss:i fiii GL orynavigationgroupl Vs'(flMAsH IS_ Hfi_ shipping company/ 70 Shentoii Way, #21-03 Marina House Singapore *****8 ft^M IIfIWIUHI lUII anUUr I JWiffJiiPilililJiiiiiPMWl MMM HH NORTH WEST EXPRESS LINE »«fc*l-t«WMltra^>a hj&rmZl MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE
      2,921 words

  • Page 30 Advertisements
    • 3611 30 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
      3,611 words

  • MOTORING
    • 535 31  -  SAMUEL EE Bigger space required for its growing number of models By LEXUS will be expanding its premises on Leng Kee Road soon but is also on the lookout for a suitable site to build a standalone showroom. The Japanese luxury carmaker is represented
      FILE PHOTO  -  535 words
    • 500 31  -  SAMUEL EE It is hoping to gain entry to the US and European markets By: CTl\ SINGAPORE automotive window film company Novomatrix has acquired Film Technologies Inc (FTI), a major US solar film company, in an effort to gain a manufacturing edge and
      500 words
  • Page 31 Advertisements
    • 358 31 Paddle Shift 6 Speed Shiflmatic Speed With Agi ity "WOhhn -4h Dual VVT-i Eng ne D red F el Injer.tion i v 1 Br *-*lMk& BL Ul Bl l^H^^^^^^^^^^^^^^^^^^^H^^^^^^^H Every piece a masterpiece: BHSHHH IHJBWBBBBBWIIBWBBS^ Lexus' new HbH |SISaSa&JsiSjiUMo9sBUMuuISj|MOS branding I'tflll/ltfil/ll g|^R g^ggxiK |||||ljsij|pj|jfi||«^uffifi3 highlights the fact that each car
      358 words

  • EXECUTIVE MONEY
    • 1691 32  -  CHRISTOPHER TAN Sensible investing in the stock market can yield great profit. Just don't succumb to the prevalent greed and fear IN HIS book, A Random Walk Down Wall Street, Burton G Malkiel tells of this event: In 1593, a newly appointed botany
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    • 433 32 SIX DIFFERENT WAYS TO TOAST SIX DIFFERENT REASONS TO CELEBRATE Tff! SALUD! CHEERS! PROST! SKAL! SLAINTE! Here's a toast to our six awards —that's our tally this year. Past results are no guarantee to future performance. But success is not a product of coincidence either—not when you're winning almost every
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