The Business Times, 13 May 2008

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Microfilm: NL29366
Total Pages: 33
1 33 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Tuesday, May 13,2008
    25 words
  • Article, Illustration
    Lock icon SingTel says hello to iPhone; other telcos may follow suit
    847 1  -  WINSTON CHAI Advantage may be brief as all Spore players may sell it by year-end By [SINGAPORE] Singapore Telecommunications (SingTel) and its associates have clinched the prized right to sell the iPhone across four markets in Asia. Apple's recent departure
    847 words
  • Article
    Lock icon Top audit firms set to march on the LLP route
    551 1  -  ANNA TEO Three of the Big Four look to restructure, taking a cue from US outfits actly, but it is believed to be fairly soon, possibly within weeks. KPMG Singapore is also well along the way to becoming a LLP.
    551 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      50 1 SMEs COMMENTARY LEGAL SERVICES PtflnHPS HSBC $30m venture SIA shareholders may be Jayakumar's KaJEISBPf^M $3.2b set aside for fund launched in for generous payout one regret VB 11 H more bad loans y)^ PAGE 14 PAGE 4 PAGE 3 PAGE 21 Bl^~, Hk ruiMA miAirc m± CHINA IJUAKb I ■■ag-
      50 words
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  • TOP STORIES
    • Article
      Lock icon Underground 'city' to free up space
      658 2  -  RONNIE LIM JTC Tender Possibilities include power stations and logistics centres beneath the surface By [SINGAPORE] Singapore is looking at building underground power stations, water reclamation plants, wafer fabs and R&D labs, data centres, warehouses and port and airport logistics centres to free up
      JTC Tender  -  658 words
    • Article, Illustration
      Lock icon Worst China quake in decades kills more than 8,500
      570 2 Reuters Death toll from Sichuan disaster expected to rise [BEIJING] The earthquake that hit China's southwestern Sichuan province yesterday killed more than 8,500 people in that province alone, the official Xinhua news agency said, citing the provincial government. The quake is
      ■ Reuters; REUTERS  -  570 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon As legal services take wing, Jayakumar has one regret
        109 2 IF he could go back in time to change anything during his tenure as Law Minister, Deputy Prime Minister S Jayakumar said he wished the gradual liberalisation of the legal services sector in Singapore could have been carried out sooner. In
        109 words
      • Article
        Lock icon Wing Tai Q3 net profit drops 49% to $27.7m
        75 2 WING Tai Holdings yesterday posted a 49 per cent year on year drop in third-quarter net earnings to $27.7 million on a 63 per cent slide in revenue to $109.99 million. For the nine months ended March 31, 2008, net profit
        75 words
      • Article
        Lock icon Golden Agri Q1 net profit doubles
        37 2 PALM oil plantation firm Golden Agri-Resources has doubled its first-quarter net profit to US$443 million, while revenue during the quarter jumped 172 per cent to U*****.4 million. COMPANY NEWS, PAGE 7
        37 words
      • Article
        Lock icon HTL reports net loss of $8.2m in Q1
        47 2 LEATHER sofa and hide producer HTL International Holdings has reported a net loss of $8.2 million for the first quarter ended March 31, compared with a net profit of $7.5 million in Ql last year. COMPANY NEWS, PAGE 8
        47 words
      • Article
        Lock icon Reporting standards for SMEs may be revised
        56 2 THE government is looking to revise the financial reporting standards for small firms here, under a new framework that will be up for public consultation. This allows SMEs to depart from particular requirements of accounting standards or entire accounting standards in preparing their
        56 words
      • Article
        Lock icon New US farm bill may worsen trade feuds
        64 2 THE US$2B5 biUion farm biU unveiled by Congressional leaders last week may set the US up for a hornet's nest of problems at the World Trade Organization. If the plan for a new US agriculture law is passed this week as expected,
        64 words
      • Article
        Lock icon KL offers tax benefits to investors in halal sector
        67 2 MALAYSIA aims to become a worldwide hub for food and other products prepared according to Islamic rules and will offer a slew of fiscal incentives to investors, Prime Minister Abdullah Ahmad Badawi said yesterday. Under a growth blueprint, the government has
        67 words
      • Article
        Lock icon China tells banks to set aside larger reserves
        75 2 CHINA has ordered banks to set aside larger reserves for the fourth time this year after inflation accelerated to close to the fastest pace since 1996. The requirement will rise to a record 16.5 per cent of deposits from 16 per cent,
        75 words
    • Article
      Lock icon Why there are many bites at one Apple device
      561 2  -  WINSTON CHAI COMMENTARY By APPLE'S iPhone will don a shade of red with Sing Tel landing the bragging rights to sell the highly-an-ticipated device in Singapore later this year. However, if recent trends are anything to go by, the competing camps
      561 words
    • Article, Illustration
      Lock icon As legal services take wing, Jaya has one regret
      711 3  -  CHEN HUIFEN He wishes that liberalisation of the sector had started some years earlier Reports by [SINGAPORE] If he could go back in time to change anything during his tenure as Law Minister, Deputy Prime Minister S Jayakumar said he wished
      711 words
    • Article
      Lock icon Pedra Branca evokes 'quiet confidence'
      363 3 We should not rule out judgment can go the other way: Jaya [SINGAPORE] Deputy Prime Minister S Jayakumar said yesterday he is "quietly confident" of the outcome of the Pedra Branca case, which he believes is one of the most memorable he dealt with at
      363 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        44 3 lorn lay lange 1COMP 1,293.09 +7.82 IIKKEI225 13,743.36 +88.02 IANG SENG Closed ;et index 842.22 -4.49 JAKARTA COM P 2,378.00 +2.98 IANILACOMP 2,803.49 +24.07 ;eoulcomp Closed ;henzhen b 560.06 -1.90 IUMBAI IND 16,860.90 +123.83 12NOONEDT Change 12,841.14 +95.75 )OW IAS DAI 2,474.32 +28.80
        44 words
      • Article
        Lock icon PRIME RATES
        29 3 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 16.107 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.81 INDIA 12.25 Source: Bloomberg
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        40 3 IS$ (S$ ier US$) 1.371 (US$/S$ per 1.948 2.671 ;URO (US$/S$/E) 1.540 2.112 'EN 103.80 75.70 3.220 2.348 m 7.797 5.686 !AHT 32.19 23.47 lUPIAH 9,261 6,753 lENMINBI 6.986 5.095 INDIAN RUPEE 41.92 30.57 1.066 0.777 IZ$ 1.309 0.955
        40 words
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      110 words
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      129 3 ORCHARD iSCOTTS RESIDENCES SINGAPORE w'^' 1' 1' <i HI i P A great way to live, yy, right down to the littlest detail. Hit '^^fc^- Welcome to a life of ease and comfort at "w m Orchard Scotts Residences, where you have 10 the assurance that everything will be taken
      129 words
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  • COMPANY NEWS
    • Article
      Lock icon SIA shareholders in for good payout?
      632 4  -  YEN SREENIVASAN COULD Singapore Airlines (SIA) reward its shareholders with another generous dividend payout? If the payout announced by its two subsidiaries is any guide, SIA shareholders are in for a nice mid-year gift. Last week, SIA Engineering Co (SIAEC) announced a final dividend
      632 words
    • Article
      Lock icon Wing Tai Q3 net profit drops 49% to $27.7m
      351 4  -  KALPANA RASHIWALA Nine-month net profit slips 4% to $133.1 m By PROPERTY group Wing Tai Holdings yesterday posted a 49 per cent year-on-year drop in third-quarter net earnings to $27.7 million on a 63 per cent slide in revenue to $109.99
      351 words
    • Article
      Lock icon CapLand JV unveils 1st Abu Dhabi devt
      366 4  -  CHOW PENN NEE By CAPITALA, an Abu Dhabi-based real estate company, yesterday launched its maiden project an integrated development combining residential, leisure, sports and retail. Capitala is a joint venture firm by Capita Land which owns 49 per cent and Mubadala, which owns
      366 words
    • Article
      Lock icon Chartered shares up 13%
      162 4 Reuters SHARES of contract chipmaker Chartered Semiconductor Manufacturing surged 13 per cent to a four-month high of $0.97 with over 32 million shares traded on speculation of a possible bid for the firm, dealers said. "Chartered Semi is quite a capital intensive companythey put in a
      ■ Reuters  -  162 words
    • Article
      Lock icon SingTel involved in Bharti-MTN bid talks: source
      267 4 Reuters SINGAPORE Telecommunications Ltd is actively involved in potential takeover talks between India's top mobile firm Bharti Airtel Ltd and South African operator MTN Group Ltd, a source familiar with the situation told Reuters yesterday. "Sing Tel is part of the team that
      – Reuters  -  267 words
    • Article
      Lock icon Golden Agri Q1 net profit doubles
      458 7  -  OH BOON PING The outlook for palm oil industry remains positive, says the company By PALM oil plantation firm Golden Agri-Resources has doubled its first-quarter net profit to US$443 million, while revenue during the quarter jumped 172 per cent to U*****.4 million. Earnings per
      458 words
    • Article
      Lock icon Epure bags 1st water treatment project
      258 7  -  CHARMIAN KOK By CHINESE water treatment specialist Epure International has landed its first one-stop centralised water and wastewater treatment industrial project, worth 103 million yuan (5520.2 million). This will lift its orderbook to 930 million yuan, surpassing last year's revenue of 697 million yuan,
      258 words
    • Article
      Lock icon Sino-Env to list unit on Euronext
      252 7  -  EMILYN YAP By SINO-Environment Technology Group yesterday announced plans to list its subsidiary, Fujian Weidong EPT, on the Euronext within the next 12 months. Fujian Weidong specialises in the electro-static technology of dust elimination. The environmental protection and waste recovery solution provider in China
      252 words
    • Article
      Lock icon UE's Q1 profit falls 90% on fair-value losses
      249 7  -  ARTHUR SIM By UNITED Engineers (UE) has reported Ql 2008 revenue of $133.6 million, up 9 per cent from the same period last year. But net profit was down 90 per cent to $1.22 million. UE said operating profit was affected by
      249 words
    • Article
      Lock icon HG Metal's H1 net rises 257% to $273m
      483 7  -  LYNETTE KHOO Sales of $299.6 m in H1 reported, 40% higher than last year By HG Metal said that it expects to achieve record sales and profitability this fiscal year ending Sept 30 and to reach its sales target of $500 million
      483 words
    • Article
      Lock icon At a glance
      337 8 Q1 results ended March 2008 CURRENT PREVIOUS CHNG CURRENT PREVIOUS (S$m) (S$m) CHNG 1 Golden Agri 611.54 302.83 101.9 1032.20 380.25 2 Asia Food Prop 45.44 -2.79 nm 195.00 178.16 3 China Sky 32.19 27.56 16.8 120.24 96.42 4 Celestial 25.64 16.69 53.7 119.33 78.34 5 Orchard
      337 words
    • Article
      Lock icon HTL dives into red with Q1 loss of $8.2m
      273 8  -  JOANNE CHIEW Home furnishing recorded a modest improvement in turnover By LEATHER sofa and hide producer HTL International Holdings has reported a net loss of $8.2 million for the first quarter ended March 31, compared with a net profit of $7.5
      273 words
    • COMPANY BRIEFS
      • Article
        Lock icon PUC inks $27.5m deal with Kajima
        53 8 PAN-UNITED Corporation Ltd (PUC), an integrated logistics and infrastructure group, has signed a deal worth $27.5 million with Kajima Overseas Asia Pte Ltd. Under the contract, PUC will supply ready-mixed concrete for the construction of the two office towers of the landmark Marina Bay
        53 words
      • Article
        Lock icon China Jishan warns of loss
        46 8 CHINA Jishan Holdings Limited yesterday warned that it would incur loss for the three months ended March 31, 2008. The weak performance is attributed to higher raw material and operating costs as a result of China snow storms early this year.
        46 words
      • Article
        Lock icon Anwell signs contracts for US$6.5m
        54 8 ANWELL Technologies, a vertically integrated optical disc equipment maker with a disc-manufacturing arm, has signed contracts with four customers with a contract value of over US$6.5 million. The deals, for the sale of Anwell's Blu-ray disc and DVDR production lines, were concluded at the MEDIA-TECH
        54 words
    • Article
      Lock icon ASL Marine Q3 profit rises to $14.2m
      385 8  -  VINCENT WEE By HIGHER revenue and better margins on shipbuilding and repair helped ASL Marine to a 34.3 per cent rise in third-quarter profit to $14.2 million, from $10.5 million previously. Nine-month profit jumped 54.3 per cent to $42.1 million on a 21.9
      385 words
    • Article
      Lock icon Eu Van Sang posts 75% fall in net profit for Q3
      293 8  -  SARA LIM By TRADITIONAL Chinese Medicine (TCM) and healthcare products provider Eu Van Sang International reported a 75 per cent fall in net profit to $1.3 million for its third quarter ended March 31. Revenue rose 12 per cent
      293 words
    • Article, Illustration
      Lock icon Celestial Q1 net rises 54% to 130m yuan
      278 8  -  SARA LIM By CHINA-based soyabean food and beverage maker Celestial NutriFoods has reported a 53.7 per cent increase in net profit to 130.2 million yuan for its first quarter ended March 31. Revenue rose 52.3 per cent to 605.7 million yuan, from
      278 words
    • Article
      Lock icon China Animal Healthcare's Q1 net profit doubles
      433 8  -  LYNETTE KHOO Strong sales, new drug categories drive robust growth By THANKS to strong sales and new drug categories, China Animal Healthcare said its net profit for the first quarter ended March 31 doubled from 13.23 million yuan (552.6 million) to 27.78 million
      433 words
    • Article
      Lock icon Vicom Q1 net profit up 17.2% to $4.1m
      278 8  -  SAMUEL EE By STRONGER demand for vehicle inspection and testing and inspection services drove Vicom's first-quarter net profit up 17.2 per cent to $4.10 million. Vicom the vehicle inspection unit of Comfort Del the world's second-big-gest land transport group saw revenue for
      278 words
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      Lock icon Page 4 Advertisements Column 1
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      1,579 words
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      129 5 mf^ v^^m 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
      129 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI gains 18 pts in quiet, mixed day
      590 6  -  R SIVANITHY STOCKS Commodity stocks in play due to record commodity prices, Golden Agri spurred by MSCI index inclusion THE closure of Hong Kong for a public holiday yesterday meant that traders found themselves dozing off at their terminals while looking for
      : Bloomberg  -  590 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      98 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 7 3 0 0 0 8 7 3 lanufacturing 60 64 52 13 68 70 65 Commerce 28 22 16 31 26 21 'pt/Stor/Comms 17 14 18 15 :inance 15 10 16 10 Construction 10
      98 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 25,689 25,689 142,498 142,498 lanufacturing 314,915 30,349 345,264 239,229 3,002 242,231 lommerce 54,759 48,523 103,282 60,453 12,215 72,668 'pt/Stor/Comms 71,056 1,184 72,240 183,234 346 183,580 :i nance 23,808 1,128 24,936 229,612 232 229,844 lonstruction 50,325 26,439 76,764 12,503 1,557
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 6 lapitaLand 6.690 +0.190 Olam 2.880 -0.020 lapitaMall 3.480 S IA 15.660 +0.120 jtyDev 11.600 +0.080 SGX 8.890 +0.170 losco Corp 3.410 +0.040 SIAEngg 4.300 -0.040 IBS Grp 20.100 +0.120 SPH 4.360 -0.030 :&N 4.940 +0.020 ST Engg 3.180 +0.020 Sent Intl 0.580 -0.005 SembCorp Ind 4.330
      103 words
    • Article
      Lock icon BROKERS' TAKE
      421 6  -  LYNETTE KHOO SingTel May 12 close: 553.71 CIMB-GK Research, May 12 THE Jakarta District Court upheld the ruling by Indonesia's competition watchdog (KPPU) that Temasek and its affiliates that is, SingTel and ST Telemedia had breached Indonesia's anti-monopo-ly laws.Temasek said it will appeal the ruling. SingTel is studying
      421 words
    • Article, Illustration
      Lock icon Risk of more market weakness ahead
      224 6  -  KEN TAI CHEE MING, CHART POINT THE bearish divergence in the Stochastic Oscillator we mentioned last week played a key role in last week's correction. The Straits Times Index (STI) managed to climax at a high of 3,269, but subsequently corrected to in-tra-week lows
      NextVIEW  -  224 words
    • Article, Illustration
      Lock icon Risk aversion, oil surge call the shots
      502 6  -  LARRY WEE CURRENCIES RISK aversion trades coloured Asian currency trading yesterday, following news that Wall Street was rattled last Friday by a surprise Ql 2008 writedown of almost US$B billion for US insurance giant AIG. The US dollar rebounded smartly against its weaker
      Reuters  -  502 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE
      53 6 May 12 VALUE CLOSE -117.00 -57.0C IT OB/OS IT CADI -*****.00 -4.0i IT 10-day MA -*****.00 -11.0' TSE ST Mid Cap 817.06 +6.1 TSE ST Small Cap 684.98 +0.1 TSE ST All Share 815.14 +4.3 TSE ST China 501.35 +1.2 IOB Catalist 150.38 -1.6i IMSCI 391.61 +1.81 IMSCI
      53 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Ocean us 46,334,000 Golden Aqri 35,460,000 Armarda 32,742,000 Chart SemiCond 32,307,000 Firstßes 23,763,000 UniFiber 23,093,000 CoscoCorpMßLeCWoBloo2 22,918,000 China Honqxinq 22,711,000 HG Metal 21,892,000 Celestial 21,518,000 VALUE(S) Keppel Corp 122,211,490 DBS Grp 79,123,811 SingTel 76,589,000 UOB 66,512,240 Cosco Corp 43,196,370 CapitaLand 41,827,540 SGX 40,923,580 OCBC Bk 33,888,840
      57 words
    • Article
      Lock icon RISES
      98 6 CLOSE UP MBLJCW*****0 340 28.0 9.0 Cor| 1098 28.0 2.' IK Land 484 20.6 3., i Land 669 19.0 2. ;gx 889 17.0 1. :urama 315 16.0 5.. loble Gri 273 16.0 6., ilanMBI_iCW***** 258 15.0 6., lanhattan Res 75.5 13.5 21.: itraitsAsia 369 13.0 3. BY PERCENTAGI CLOSE
      98 words
    • Article
      Lock icon FALLS
      113 6 CLOSE DOWN IMH 3274-142.6 -3.1 LD 10US$ 8688-120.6 -1.0 India Ni 10 1625 -71.0 -4.2 IGX MBL JCW*****3 378 -45.0 -10.6 ISH 1792 -38.4 -1.5 ISMSCI India 100 749 -24.7 -2.3 UOB 2034 -22.0 -1.1 UOB-Ka' 198 -16.0 -7.5 m 3000SGAeCW*****9 38.5 -13.5 -26.0 DBS Bk6% NCPS 10 *****
      113 words
    • Article
      Lock icon CURRENCIES
      82 6 Where S! stands May 12 CHNG CLOSE FRMay9 YR2008 S$ LOW S$ HIGH uss 1.3682 0.02 1.4542 1.3457 Euro 2.1129 0.17 2.2064 2.0474 Pounds 2.6791 -0.15 2.8431 2.6568 1.2916 -0.28 1.3235 1.2349 ren* 1.3168 0.83 1.4484 1.2832 Rupiah* 0.***** 0.08 0.***** 0.***** Baht* 4.2570 0.62 4.4299 4.2550® Peso* 3.2072
      82 words
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      290 words
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      34 9 j£& i?4/ff' fr ;ii^^^ Experienge The Most SpagiOus^Seat The World Has Ever Seen gg^t-wayto^ 3 times weekly Job Monday, Thursday and Saturday. Daily flights from 26 June 2008. a star alliance member y h
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  • SINGAPORE NEWS
    • Article
      Lock icon Reporting standards for SMEs may be revised
      439 10  -  OH BOON PING Feedback sought for new rules that allow departure from full accounting standard By THE government is looking to revise the financial reporting standards (FRS) for small firms here, under a new framework that will be up for public consultation. This
      439 words
    • Article
      Lock icon Global Infrastructure Partners closes USs6b fund
      386 10  -  CHOW PENN NEE By PRIVATE equity fund Global Infrastructure Partners, which counts Credit Suisse Group and General Electric Co as founding investors, completed its fund-raising yesterday with U555.64 billion raised. The fund invests in global infrastructure assets such as airports, waste-management companies, energy generation
      386 words
    • Article
      Lock icon KFH mandated to tap US$ll7m of Islamic financing
      356 10  -  CONRAD TAN Funds are for new petrochemical plant in Singapore By KUWAIT Finance House (KFH) has been mandated to arrange some US$ll7 million worth of Islamic financing for a new petrochemical plant in Singapore, it said yesterday. It will be the first
      356 words
    • Article, Illustration
      Lock icon S'poreans prefer relocation to 45-minute commute to work
      498 10  -  CHUANG PECK MING By WORKERS in Singapore will grumble if they have to commute some distance to work. Yet they will readily pack their bags and hop on a plane to fly to the ends of the earth to find the right
      FILE PHOTO  -  498 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Interest on CPF ordinary account to stay at 2.5% a year
        106 10 THE Central Provident Fund Board will continue to pay 2.5 per cent interest a year for members' ordinary account (OA) savings from July 1 to Sept 30 this year. The concessionary HDB mortgage loan interest rate will stay at
        106 words
      • Article
        Lock icon S'pore Medical Group partners Paris Miki
        43 10 THE Singapore Medical Group announced yesterday an exclusive partnership with Optique Paris Miki Singapore, which will see both parties refer patients and customers to each other for services such as eye checks, LASIK surgery and prescriptive eyeglasses.
        43 words
      • Article
        Lock icon Law firm Jones Day expanding in S'pore
        45 10 INTERNATIONAL law firm Jones Day is expanding its capital markets, litigation, finance and projects practices in Singapore, with partners John Perugini and lain Scow relocating from London and Hong Kong respectively, and partner Arman Galledari returning from London.
        45 words
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      193 10 I^^K^HM ■>!'" siill'''lHH_;. '>_ I j ;l iul .-kn ,r!. 1 *t 1 fli :9 I' i fe WB I K. S I HmwH Is *4~*^l^Wt^^c^K^^Bßfe- Sw «r I NYOMAN MASRIADI KIM DONG YOO Bukan Wanita Biasa Marilyn VS Mao 145 x 250 cm, Mixed media on canvas 162 x
      193 words
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  • EMERGING ENTERPRISE 2008
    • Article, Illustration
      Lock icon This McCoy adds real value
      1297 12 Semicon distributor strives to understand the nuts and bolts of its partners' businesses to create demand, reports LIM WEN JUIN MORE than just supply and demand chain management, semiconductor distributor McCoy Components believes in what it calls "design chain" activities which broadly means providing design
      1,297 words
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  • SMEspotlight
    • Article, Illustration
      Lock icon Forward move after initial setbacks
      661 13 Rugged experience in its early days has not only taught MCE perseverance but better ways to do things, reports WEE JUN KAI AFTER two consecutive years of net losses of $3.8 million and $2.6 million in FY2006 and FY2005, mainboard-listed Metal Components Engineering (MCE) finally
      ARTHUR LEE  -  661 words
    • Article
      Lock icon HG Metal helps to push up portfolio
      338 13  -  TEH HOOILING By A 20 per cent jump in HG Metal's share price in the past two weeks made it one of the biggest contributors to a 3 per cent increase in the value of our small-cap portfolio. HG Metal one of South-east
      338 words
    • Article, Illustration
      Lock icon Sirius launches $30m SME fund
      807 14 Target is to invest in 10-12 firms in the growth and expansion stage, and with at least $1 million in profit each, reports CHARM lAN KOK EACH year, the number of small and medium enterprises (SMEs) in Singapore steadily increases and so do their contribution
      ARTHUR LEE  -  807 words
    • Article
      Lock icon Boosting business efficiency with ERP
      519 14 The system handles real-time information and should ideally be extended to all business activities INFORMATION that is unified, easily accessible and in real time adds to the efficiency and competitiveness of the business. This applies equally to both small and big enterprises. Achieving this is
      519 words
    • Article
      Lock icon PX's innovative boost for the MICE segment
      537 14  -  OH BOON PING It will assist hotels to provide baggage service to/from airport for biz execs By( AS the boom in the MICE (meetings, incentives, conference and exhibitions) segment continues, some businesses here have developed fresh ideas on ways to capitalise on its
      537 words
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      350 13 I i I between our xl W-ss and uss M Here at Manulife, the leading provider of retirement solutions, we understand that you are reaching a new stage in your life. Your retirement! All that you have worked for has paid off and it is time to enjoy new beginnings
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      166 14 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
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      100 14 Infocomm Public Education for SMEs: Did you know that the top three sources of information and updates on infocomm for SMEs are Newspaper (39%), Internet (36%) and Friends or business associates' recommendations (34%). r^ r^ FIND ifHE ONES 1—? cr~ P y THAT FIT! dor Recruit the right people 1
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon New US farm bill may worsen trade feuds
      585 15 Reuters If passed, law will spark challenges at world trade court, warns White House [WASHINGTON] The US$2B5 billion farm bill unveiled by Congressional leaders last week after months of negotiations may set the United States up for a hornet's nest of problems
      – Reuters; AFP  -  585 words
    • Article
      Lock icon S Korea's 2008 growth forecast cut
      391 15 Reuters High oil, food prices, slowing global economy take toll [SEOUL] South Korea's top research agency has cut its growth forecast for this year and said that inflation would be at a 7-year high, underlining official concerns about the outlook as global momentum stumbles.
      Reuters  -  391 words
    • Article
      Lock icon Aussie firms remain pessimistic on rates
      261 15 Bloomberg [SYDNEY] Australian business confidence slumped in April to the lowest level since the September 2001 terrorist attacks in the United States, adding to signs the nation's economy is slowing. The business confidence index fell four points to minus 8 from March, according to
      – Bloomberg  -  261 words
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      190 15 k I^^^^ QaU-^ ral^ J Washington, D.C. Singapore Tokyo li^B! li^fflS Tokyo Singapore Morning Flight mj|y^y|j||j|^ Night Flight Flight No Dep Ait Flight No City Dep Arr Flight No City Dep Arr Flight No Dep Arr NHB San Francisco 17:10 10:30 NH7 San Francisco 12:10 15:10+1 NHII2 08:20 16:20 I
      190 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Razaleigh bent on unseating Abdullah
      922 16  -  JAYASANKARAN He'll contest presidency in December party polls; says Umno must look beyond its own race for peace, stability By S in Kuala Lumpur WHEN Malaysia's second premier Abdul Razak Hussein died in 1976, his successor, Hussein Onn, looked for a deputy from among the
      THE STAR  -  922 words
    • Article
      Lock icon KL offers tax benefits to investors in halal sector
      380 16 -AP It says it will also exempt import duty on raw materials [KUALA LUMPUR] Malaysia aims to become a worldwide hub for food and other products prepared according to Islamic rules and will offer a slew of fiscal incentives to investors,
      -AP  -  380 words
    • Article
      Lock icon BURSA MALAYSIA
      2253 16 lay 12 RM C000) ASM Realty 0.67 \bric Bhd 0.18 advance Synergy 0.12 Adventa Bhd 1.31 AeMuIti Hldgs 0.23 Win Holdings 2.02 Ahmad Zaki Resou 0.98 Aic Corp 0.50 \irasia Bhd 1.21 Akn Technology 0.51 alliance Financi 3.14 aluminium Co 1.03 Amalgamated Ind 0.55 tamb Hldgs Bhd 3.84
      2,253 words
    • BRIEFLY ASIA
      • Article
        Lock icon India levies rice and steel goods export
        41 16 Bloomberg [NEW DELHI] India notified taxes on export of steel products and basmati rice to bolster domestic supplies and help curb the fastest inflation since 2005, the Department of Revenue said on May 10.
        Bloomberg  -  41 words
      • Article
        Lock icon Indonesia's Timah to acquire 3 coal mines
        69 16 Reuters [JAKARTA] Indonesia's PT Timah Tbk, the world's largest integrated tin miner, plans to acquire three coal mines in South Kalimantan and South Sumatra with total reserves of 50 million tonnes. Timah has a mine in South Kalimantan which produces up to 1.4
        Reuters  -  69 words
      • Article
        Lock icon Ranbaxy to develop new drugs for Merck
        62 16 [LONDON] India's Ranbaxy Laboratories Ltd is to develop new anti-infective drugs for Merck Co Inc, in a major deal underlining the growing use of Indian pharmaceutical research by multinational companies. Ranbaxy will carry out drug discovery and clinical development through Phase Ha clinical
        Reuters  -  62 words
    • Article, Illustration
      Lock icon M'sia extends rice price caps to stem inflation
      303 16 Bloomberg [KUALA LUMPUR] Malaysia, which relies on Thailand for most of its rice imports, extended price caps to more varieties of the staple and raised the amount paid to local farmers to safeguard domestic supplies and rein in inflation. "Actions need to
      Bloomberg; AP  -  303 words
    • Article
      Lock icon Indonesians hold fuel hike protests
      240 16 Reuters [JAKARTA] Thousands of Indonesians took to the streets yesterday to protest against a government plan to raise fuel prices as they marked 10 years after the riots that led to the downfall of former President Suharto. About 1,000 students rallied outside the tightly guarded
      Reuters  -  240 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China tells banks to set aside larger reserves
      573 17 Bloomberg, Xinhua The call comes as inflation accelerates at close to fastest pace since 1996 [BEIJING] China has ordered banks to set aside larger reserves for the fourth time this year after inflation accelerated to close to the fastest pace since 1996.
      – Bloomberg, Xinhua; REUTERS  -  573 words
    • Article
      Lock icon 3 Chinese firms eye Fortescue stake: report
      436 17 Reuters Beijing seeks more control over Aussie raw material stocks [SYDNEY] Chinese state-owned steel firms reportedly want to buy a stake in Australian iron ore miner Fortescue Metals Group Ltd, the latest overture by Beijing to wield more control over raw material supplies
      ■ Reuters  -  436 words
    • Article
      Lock icon India's factory output up at slowest pace since '02
      254 17 Bloomberg [NEW DELHI] India's industrial production grew at the slowest pace since 2002 as borrowing costs at a six-year high discouraged consumers from buying cars, motorcycles and other goods. Production at factories, utilities and mines rose 3 per cent in March
      Bloomberg  -  254 words
  • Page 17 Advertisements
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      203 17 I II '31 Hr /joD /JH If, "I believe excellence is a blend of natural gifts, strong will and rigorous training." Tamara Novichenko, voice instructor at the Rimsky-Korsakov State Conservatoire, Saint Petersburg Who would believe that blowing bubbles could help the world's leading singers reach the top of their profession?
      203 words
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  • Page 18 Advertisements
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      47 18 Developed by: In Partnership with: Marketing Agents: S^ >| I I J_ I Far East Organization Far East Retail Consultancy Pte Ltd p™^ Jj pSii orcLiCLrcLcorLtrcLL Tei +********** Tei +*****868n C ii^ www.orchardcentral-oc.com.sg 400 Stores. Duplex Spaces. Discovery Walk. The Jewel Box. Rooftop Dining. New Rules. New Experiences.
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Westpac may buy St George in all-share deal
      512 19 Reuters Merged entity would become Australia's biggest bank by market cap [SYDNEY] Westpac Banking Corp is in takeover talks with St George Bank, with a market value of A 514.9 billion (5519.2 billion), to create the country's largest bank by market capitalisation.
      Reuters; REUTERS  -  512 words
    • Article
      Lock icon Record global rice output expected this year: UN
      347 19 Reuters, Bloomberg [TOKYO] World rice output is expected to hit record highs this year, but prices are likely to remain high in the short term before new crops arrive on the market, the United Nations' Food and Agriculture Organisation said. "World paddy
      Reuters, Bloomberg  -  347 words
    • Article
      Lock icon PNOC okays Petron stake sale
      158 19 Reuters [MANILA] State-owned Philippine National Oil Co (PNOC) approved the sale of Saudi Aramco's 40 per cent stake in oil refiner Petron at a board meeting yesterday, officials said. Aramco has said that it would sell the Petron stake to London-based investment fund Ashmore Group
      Reuters  -  158 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8288 19 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.939/ Star Europe Bond 1.189/ Star Europe Bal 1.166/ Star Asian Tiger Eqty 1.353/ Star Asia Bond 1.18/ Star Asia Balanced 0.964/ Star Global Technology Fund!" 0.197/ MultiStFd 0.815/ Star Asia Bond(USD) 0.862/ Gib Multi St USD 1.072/ Asia
      8,288 words
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  • WORLD
    • Article, Illustration
      Lock icon HSBC books US$3.2b for bad US loans
      720 20 Bloomberg, Reuters Provision smaller than estimated; Q1 profit from Asia-Pac, Middle East higher [LONDON] HSBC Holdings has set aside a smaller-than-estimated US$3.2 billion for bad loans in the US and said first-quarter profit was higher than a year earlier, without giving specific figures.
      – Bloomberg, Reuters; REUTERS  -  720 words
    • Article
      Lock icon US delivers Ist relief supplies as UN urges junta to open up
      393 20 -AP [YANGON] The United States delivered its first relief supplies to Myanmar yesterday, as the UN urged the reclusive nation to open its doors to foreign aid who could help up to 2 million cyclone victims facing disease
      -AP  -  393 words
    • Article, Illustration
      Lock icon Wristwatch fetches record 2.35m Swiss francs in auction
      284 20 Reuters [GENEVA] A chronograph wristwatch which belonged to an Italian racing driver fetched 2.35 million Swiss francs (553.07 million) at auction, Sotheby's said yesterday. The large gold Patek Philippe watch originally owned by Count Carlo Felice Trossi, president of Scuderia Ferrari, went
      ■ Reuters; REUTERS  -  284 words
    • Article
      Lock icon MBIA posts Q1 net loss of US$2.4b
      242 20 Bloomberg [NEW YORK] MBIA, the bond insurer that lost 87 per cent of its market value in the past year, posted a net loss of US$2.4 billion as the slump in mortgage securities deepened. The first-quarter net loss was U5513.03 a share, compared
      ■ Bloomberg  -  242 words
    • Article
      Lock icon SWFs to reveal investment size and formation
      407 20 Bloomberg However, their strategies will not be disclosed: IMF [DUBAI] Sovereign wealth funds may agree to reveal the size and composition of their investments though not their strategies as part of a voluntary code being developed with the International Monetary Fund, an IMF
      Bloomberg  -  407 words
  • Page 20 Advertisements
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      226 20 At ASEANPLAS, you will be able to: x^ meet and interact with some 250 exhibiting companies from 20 countries including national pavilions and groups from Austria, /< Germany, India, Italy, Singapore and Taiwan. V\ learn from industry experts on how to leverage on technology to increase your competitive edge and
      226 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Ship order cancellations propel freight cost surge
      800 21 -Bloomberg Tighter credit takes toll on record ship bookings that would have cut back rates [LONDON] The biggest shipbuilding boom in history collided with the largest credit-market losses ever, undermining forecasts for a plunge in freight rates. As much as US$l4 billion in
      -Bloomberg; BLOOMBERG  -  800 words
    • Article
      Lock icon FSL Trust in US$2l0m sale-and-leaseback deal
      389 21  -  VINCENT WEE It will acquire 3 Yang Ming Marine Transport vessels By [SINGAPORE] First Ship Lease Trust trustee-mana-ger FSL Trust Management has struck a conditional agreement to acquire three container vessels from Yang Ming Marine Transport Corporation for US$2lO million. The vessels will concurrently
      389 words
    • Article
      Lock icon MISC's Q4 profit rises 10%
      248 21 Reuters [KUALA LUMPUR] Malaysian liquefied natural gas carrier MISC Bhd reported a 10 per cent jump in fourth-quarter net profit yesterday, boosted by its heavy-engineering unit and offshore businesses. But the company, a unit of state oil company Petronas, painted a tough outlook, saying that
      Reuters  -  248 words
    • Article, Illustration
      Lock icon Myanmar's major ports closed due to severe damage
      462 21  -  VINCENT WEE By REPORTS coming out of the shipping community say that there is severe damage to Myanmar's major ports. And there are reports that the main terminals government-operated Bo Aung Kyaw Terminal (BSW), Hutchison-managed Myanmar International Terminal Thilawa (MITT), Annawa Swan
      462 words
    • Article
      Lock icon MPA help for bunker supplier certification
      305 21  -  VINCENT WEE Financial assistance scheme to benefit over 70 operators By THE Maritime and Port Authority (MPA) is helping bunker suppliers to adopt the SS 524 bunker management quality standard by giving a 30 per cent financial assistance towards the $3,000 certification fee. The
      305 words
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      93 21 v/ s- ■Evh jfefc^-^-HBHBB1 Receive a copy of the Raffles Conversations* H|fl when you visit the Htfl Citigold Select Centre HI at Paragon, #06-25/26. Wi Please call 6388 3388 Bifl for details. *Limited copies if m ■I II >*■ -■-J" io:,1., Z^l^Z m K>i^l HI ---*JSfe» c^- ;l "■■■■■i- :rti
      93 words
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  • AVIATION
    • Article, Illustration
      Lock icon China jet firm needs foreign tech: report
      390 23 -AFP It won't be a threat to Airbus, Boeing for at least 20 years, says its president [SHANGHAI] China's new aerospace firm charged with building jumbo jets will pose no threat to Airbus and Boeing for 20 years and will require the help
      -AFP  -  390 words
    • Article
      Lock icon First Vietnamese person to own private jet
      139 23 Xinhua [HANOI] A Vietnamese businessman has become the first individual to own a private aircraft in Vietnam, Vietnam News reported yesterday. Doan Nguyen Due, chairman of the Hoang Anh Gia Lai Joint Stock Company, paid US$7 million for the US-made Beechcraft King Air
      – Xinhua  -  139 words
    • Article
      Lock icon Air Arabia's Q1 profit almost doubles
      482 23 neuters [DUBAI] Air Arabia, the Middle East's largest low-cost carrier, said first-quarter profit almost doubled after it carried more passengers. The carrier, based in Sharjah, United Arab Emirates, said net income in the three months to March 31 surged to 78 million dirhams (5529.1
      – neuters  -  482 words
    • Article
      Lock icon EADS underscores commitment to US production
      619 23 Reuters [COLUMBUS, Mississippi] The European Aeronautic Defence and Space Company (EADS) said its on-time and on-cost deliveries of light utility helicopters to the US Army underscored the company's long-term commitment to producing aircraft in the United States, despite concerns raised by some US lawmakers.
      Reuters  -  619 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2408 23 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
      2,408 words
  • Page 23 Advertisements
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      149 23 BT/ZUJI Deals of the Week llMMMMWfilffliJH Bgfl lIIIIb fgk% ri 4 Kj^B^F'<v'B RWlfflHSGlj SESX9 I HIP l^f-i I BUSINESS CLASS (from ECONOMY CLASS (from I HOTEL (from London $3,730 $918 $147 Thai Airways Thai Airways DESTINATIONS BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangkok $489 fJhaiAitways) I $135
      149 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      301 23 CRYPTIC CROSSWORD ACROSS 8 LabourwantsTurkey to ben- n—^—^h~—^—^H^—^H^—^B? 10 Stocked by a supermarket 8 11 Going round quarters rais- BJ BJ BJ Bfl BJ BJ BJ 12 Countryman putting burden __^l__^l__^l__^J_^—^J—— on apprentice (5) BJ BJ BJ BJ BHJU^I' Bi 13 Skinhead longing to be fash- fn~~^l BB^ 14 Get
      301 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      381 24 1 I The Techno FIBRE Group the world's leading independent lifeboat and davit system maintenance, repair, d| 1 overhaul and testing (MROT) company is a MCA (UK), ILSTO and Classification Societies approved service I I provider, with operations across China, Indonesia, Malaysia, Vietnam, Dubai and Australia. I **Jva/r?^ 1 Mariner's
      381 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A bull market is still some way away
      516 25 STOCK market bulls have been quick to proclaim the end of the bear market and the re-emergence of a fresh bull. The turning point, it is said, came in March when the US Federal Reserve helped bail out failed US bank Bear
      516 words
    • Article, Illustration
      Lock icon Real mean politicking in US is about to begin
      956 25  -  LEON HADAR Primaries have highlighted many issues that Republicans will try to use against Obama A NOTE to all you political junkies out there: You thought that the presidential primaries were a lot of fun and you seemed to be enjoying
      AP  -  956 words
    • Article, Illustration
      Lock icon A rice cartel may not be a bad idea in the long run
      785 25  -  G PANICKER THE BOTTOM LINE PREDICTABLY, talk of a rice producers' cartel has been howled down. The Thai proposal produced a huge backlash from importing countries such as the Philippines. But while the proposal was untimely amid
      785 words
    • Article, Illustration
      Lock icon Energising Asia's bond markets
      1317 26  -  TOM SCHILLER Policymakers must not only be willing to tackle the problem, they have to be realistic about the solutions required By THERE are many lessons to be learned from the extreme volatility and dislocation we have seen recently in international capital markets; but for Asia,
      REUTERS  -  1,317 words
    • Article, Illustration
      Lock icon Bubble, bubble, is oil really in trouble?
      798 26  -  PAUL KRUGMAN ■NYT ■HE oil bubble: set to burst?" That was the headline of an October 2004 article in National Review, which argued that oil prices, then US$5O a barrel, would soon collapse. Ten months later, oil was selling for US$7O a barrel.
      ■NYT  -  798 words
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  • Page 26 Advertisements
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      11 26 CATS Recruit The first door to your world of opportunities s
      11 words
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      Lock icon Page 26 Advertisements Column 2
      103 26 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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      Lock icon Page 26 Advertisements Column 3
      13 26 AFTER. A BUSY DAS v«^ff§i^—-v ■■Ml m^ IKE PiHßQfflm^ fAONDAV TO FRIOAV S:OOf>fr'B:OOPfr
      13 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7396 27 Transaction date: May 12 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 5716 1st Software i I 28 5 8 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30
      7,396 words
    • Article
      Lock icon SGX XTRANET
      69 27 Hii Low Code Comi Sale I'OOO] Hii Low Bui Seller C'vr P/E Smil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      69 words
    • Article
      Lock icon SGX CATALIST
      1885 27 52-Wk Tel High Low Code Last Sale Vol COOQ) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller Cvr P/E Smil Comi >an' Hii 30 11.5 1181 s AAGrp 41.5 15 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5
      1,885 words
    • Article
      Lock icon CLOB INTERNATIONAL
      205 27 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      205 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      44 27 ROYAL OAK COLLECTION lfc^^^^^^e^ 1 WHERE EXTREMES MEET Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^P^^SS"^^^^^!^ O^r v I? 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -^ji^-^^fer-'-^^^ '-LLj i>« Internet: Http://www.audemarspiguet.com a*/*-- '^R-"': vV'> -:"C :"i*S^^F
      44 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 28 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Mai World Index Preliminary 1055.7 -1.0 -6.7 -1.4 -9.4 -0.9 -4.7 EAFE Preliminai 1016.7 -1.3 -9.3 -1.7 -9.8 -1.2 -5.1 Euroi Prelim inan 1403.6 -1.2
      369 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 28 As at 9am May 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2790 1.2940 .an dollar 1.3490 1.3650 Euro 2.1040 2.1270 NZ dollar 1.0390 1.0620 iterlini ind 2.6520 2.6830 US dollar 1.3580 1.3740 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      160 28 May 12 IS Offer Bid Overnight 9/16 1-monfh 15/16 2-months 1 3/8 3-months 1 7/16 Overnight mode: 7/8 US$ Offer 7/16 1 3/16 1 1/4 1 5/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.45 2.65 2.75 2.90 2.95
      160 words
    • Article
      Lock icon STOCK INDEX FUTURES
      23 28 May 12 ten >TI ilMSCI Ma' 386.8 393 390.9 'aiwan Ma' 336.5 341.3 340.6 Source: MF Global (S) He. Ltd
      23 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 28 May 12 Bid Offer 1-month 1.3689 1.3703 2-months 1.3675 1.369 3-months 1.3663 1.3678 6-months 1.3623 1.364 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 28 May 12 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2857 1.2875 0.9380 0.9385 Canadian dollar 1.3581 1.3598 0.9908 0.9912 Euro 2.1109 2.1130 1.5400 1.5402 NZ dollar 1.0468 1.0483 0.7637 0.7641 jterlini 2.6696 2.6723 1.9476 1.9479 US
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      346 28 May 12 EURODOLLAR FUTURES JunO8 SepO8 DecO8 MarO9 97.355 97.340 97.170 97.050 0 0 0 0 ***** ***** 9809 ***** EUROYEN FUTURES JunO8 99.155 99.155 SepO8 99.115 99.120 DecO8 99.065 99.080B MarO9 99.010 99.025B JunO9 SepO9 DecO9 Mar10 99.150 99.105 99.055 99.005A 98.950A 98.905A 98.865A 99.155 99.115
      346 words
    • Article
      Lock icon SICOM FUTURES
      283 28 May 12 (UBBtK Futures (Closing prices) !SS 1 (S cents/kg) flonth High Low Close Sett Volume (tonnes) Open Interest lunO8 lul 08 <\ug 08 >ep 08 3ct/Dec 08 Ian/Mar 09 410.25 405.50 404.25 402.50 401.50 402.50 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open Interest
      283 words
    • Article
      Lock icon CHICAGO BOT
      100 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 08 1349.50 1298.25 1344.00 1327.00 Jul 08 1358.00 1310.00 1365.00 1330.00 Aug 08 1353.25 1304.00 1353.00 1328.00 Sep 08 1324.75 1274.25 1326.00 1300.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 61.53 59.08 61.70 60.50 lul
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 28 CRUDE OIL PRODUCTS May 9 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 124.57 3.39 WTI (Near Mth) 126.08 2.26 Dubai (1-Mth F) 118.31 2 Tapis blend 129 1.75 Minas 126.3 1.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 109.22 154.70 -0.05 S.2 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 May 12 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.947 6.555 0.609 7.315 39.331 86.891 0.974 9.812 3.021 1.228 64.505 40.028 1.287 7.186 0.985 28.949 30.198 0.482 0.938 Canada 1.056 6.923 0.643 7.726 41.542
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 28 May 12 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****F 14.08.08 1-Year BY*****N 04.05.09 0.90 1.03 0.94 0.81 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year
      87 words
    • Article
      Lock icon SIBOR
      75 28 May 12 (US$) (SS) 2.***** 1.***** 6mths 1.***** 9mths 1.***** 12mths 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 2.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.***** 3yrs 2.***** 4yrs 2.***** 5yrs 2.*****
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    • Article
      Lock icon PALM OIL
      66 28 May 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Low Vol Open Done Position May 08 3545 Jun 08 3592 Jul 08 3600 Aug 08 3600 Total o/p: ***** contracts 3500 3591 3545 3554 3612 3550 3570 3623 3555 3575 3623 3560
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    • Article
      Lock icon PRECIOUS METALS
      130 28 May 12 -long Kong 885.70 closed 886.70 May 08 May 09 884.05 875.70 (s$: Sellim Bui 'im .ondon 1 oz 1362.11 1225 UBS GOLD LUNAR KINEBAR (S$) Selling Buying Source: Reuters 10gm SILVER $477.22 392 Selling Buying CAST BAR (S$) May 12 Buying Passbook Acct 1 oz 23.33
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      Lock icon LONDON METALS
      61 28 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 2840.50 2829.20 months 2885.00 2875.00 Copper, Grade A (US$/tonne) :ash months 8217.00 8100.00 8435.50 8300.00 .ead (US$/tonne) :ash 2174.00 months 2191.00 2304.00 2320.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
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      Lock icon LIFFE
      75 28 May 9 (£/tonne) Close Prev Hii ih/Low May 08 1478 1457 1487/1451 JulO8 1499 1483 1512/1475 SepO8 1446 1429 1459/1425 Dec 08 1426 1409 1440/1405 COFFEE (US$/tonne) Close Pev High/Low May 08 2210 2141 2222/2135 JulO8 2231 2164 2276/2154 SepO8 2206 2162 2244/2153 Nov08 2190 2154 2213/2148 SUGAR (US
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      Lock icon BONDS & WARRANTS
      1680 28 BONDS WARRANTS Pel lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left S816# Asiasons Capital Ltd W*****7 ...4.5 -0.5 8 1 6 -3 2.02 16 5756 Asiatic Grp(H) Ltd W*****2 8 -1 2 1 3 -8 1.50 28 lOHCapitaland BNP ECW*****8
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      2469 29 Shipping times m BitfkT Jmi iM'Vi!^L?U:i^WWif H IMU Ml wan hai international pte ltd M. A aTpV'vZt'PPPV ■HnßSilSSsKnßxlS^Biiill II VTTiV miah iiai nurr til 62«6i sss <i 4 unes> fax: *****163 I" A^ rfjl I llli(w!l I BgBBBaBBSSenBiaagBSiBIRM m^mg^m^mmmmm^M I \\\M WAN HAI INtj Cusl«net Sefvke/Booltings Daecl line (1800) *****200
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  • BUILDING FOR TOMORROW
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      Lock icon Going green to stay in the black
      1485 31 Builders who go green can also expect to see more cost savings in their bottom lines over time, reports JOEL CHUA ANEW species of building is sprouting up in our concrete jungle. And in the near future, the proliferation of this species may
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      92 31 BEX ASIA ISA COMPREHENSIVE BUILDING AND CONSTRUCTION EXHIBITION THAT SERVES THE SOUTH EAST ASIA REGION. View products and services across 5 key segments: Highlights: Wt mm Q Building Finishes Decorations <£ APSDA Congress and Assembly 2008 Mil UuS p||| C Building Construction Materials APSDA Awards Gallery Klu SpmnE^^^NSfTT C Building
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      11 31 This four-part series is brought to you by «3 BEXasia 2008
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  • PROPERTY
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      Lock icon 'Walkaway' homeowners in US market might be an urban myth
      1066 32 -LAT-WP No hard evidence solvent borrowers are voluntarily defaulting on their loans [LOS ANGELES] Bankers and housing market analysts are warning of a chilling new trend in the mortgage world: homeowners voluntarily defaulting on their loans even though they can
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      Lock icon Japan's housing glut adding to growth fears
      876 33 Reuters Scandal over falsified engineering data at root of housing problem [TOKYO] When a regulatory hitch hit Japan's housing sector last year, Tokyo assumed the crunch would be short-lived. But almost a year later, a growing backlog of unsold apartments threatens to dent
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      Lock icon NZ house sales slump to 16-yr low
      379 33 -Reuters [WELLINGTON] New Zealand house sales fell to their lowest level in 16 years in April, the Real Estate Institute of New Zealand (REINZ) said yesterday. Sales by Real Estate Institute members fell to 4,464 houses in the month, a fall of 13
      -Reuters; BLOOMBERG FILE PHOTO  -  379 words
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      277 32 Good Investment Opportunity Merchant Square for Sale y^M shophouses For further details, please call Charles Hoon or Bren Fang 19^11 h at 6224 8181 CB RICHARD ELLIS •Total Land Area: ***** sq ft (approx) I MP 2003 'Residential' with plot ratio 2.1 I Short walk to Potong Pasir MRT station
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      236 32 For Sale f^ Prime Hi-Tech Building At Woodlands 4-Storey GFA 228,000 sqft Land 142,000 sqft Tenure 30+30 yrs from 1997 High ceiling Corporate image Vacant possession www.savills.com.sg Land Area 13,1935 m Gross Floor Area 21,189.475 m Tenure 30 30 from 16 May 1997 HT Power Supply Floor Loading 15 to
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      197 32 GOOD CLASS BUNGALOW FOR SALE Bishopsgate 17,0005f Cable road 18,000sf Belmont 22,0005f Oriole Cres 10,000sf ClunyPark 16,0005f Camden Park 35,0005f Cornwall Garden 22,0005f Nassim 17,0005f Dalveyßoad 15,5005f Holland 16,0005f Mount Echo 17,0005f Astrid Hill 22,0005f LAND FOR REDEVELOPMENT Astrid Hill 23,0005f Swiss Club 15,0005f BinTong 27,4115f King Albert Park 16,0005f
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      277 33 gW HG METAL MANUFACTURING LIMITED V Company Registration No. *****2660 D Incorporated in the Republic of Singapore I 1 gj «^|wmjj|Mj|g^ m^Mijjj^jTa/jj g* wajigvXnjjWm Started in 1971 as a small retailer including slitting and shearing of UjAaA||i|ajjjU4j|ijjXj|jj^|iijj||a o f S f ee products, HG Metal has metal coils, sandblasting, and
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