The Business Times, 20 May 2008

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg •■F* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Tuesday, May 20,2008
    22 words
  • 675 1  -  ANDREW MARKS By in New York CONSUMER sentiment may be at a low ebb at the moment, but that hasn't kept investor sentiment from riding a wave of optimism of late that has pulled up stock prices all the way back
    675 words
  • MARKETS DIGEST
    • 41 1 KLCOMP Closed NIKKEI 225 14,269.61 +50.13 HANG SENG 25,742.23 +123.37 SET INDEX Closed JAKARTA COMP 2,510.96 +42.12 MANILA COMP 2,877.46 -2.49 SEOUL COMP 1,885.37 -3.51 SHENZHENB 551.37 -5.41 MUMBAI IND Closed 12 NOON Change DOW 13,088.82 +102.02 NASDAQ 2,545.54 +16.69
      41 words
    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.790 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.72 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 42 1 US$ (S$ ier US$) 1.371 (US$/S$ >er£) 1.949 2.672 EURO (US$/S$/E) 1.549 2.125 YEN 104.30 76.00 RM 3.244 2.365 HK$ 7.801 5.688 BAHT 32.37 23.60 RUPIAH 9,290 6,774 RENMINBI 6.988 5.095 INDIAN RUPEE 42.81 31.21 A$ 1.057 0.771 NZ$ 1.307 0.953
      42 words
  • 967 1  -  DANNY TAN JOANNE CHIEW Interactive Digital Media slow to take off as local whiz kids struggle with concept By and [SINGAPORE] It is supposed to be one of the pillars of Singapore's future economy, but its foundations appear somewhat wobbly at the moment.
    967 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 51 1 ANALYSIS SME BR MYANMAR HOLLYWOOD *T? Home rates going back Reinventing Govt agrees to Asean-led Going global with J\ Ik to 2003 levels? the pen IJfjffttß foreign aid same day movie releases "f^s M m RAGE 3 RAGE 8 lflllr/\ PAGE 2 PAGE 10 M;ifejV^j9 Ok S^ 1 V PAGE
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  • TOP STORIES
    • 647 2  -  CONRAD TAN Int'l conf in Yangon on May 25 will accept pledges from all UN countries Reports by [SINGAPORE] Myanmar has agreed to accept foreign aid to recover from Cyclone Nargis through an Asean-led task force, said the foreign ministers of the grouping at
      647 words
    • 702 2  -  JANE MOIR Sun Hung Kai chairman files writ against brothers By. in Hong Kong A FAMILY feud at Sun Hung Kai Properties, one of Hong Kong's biggest developers, is shaping up to become a feisty legal battle for boardroom control. The woes of the
      AFP  -  702 words
    • 384 2 Emergency team says conditions could get worse in cyclone-hit areas [SINGAPORE] Heavy monsoon rain in the next two weeks is likely to make already dire conditions even worse for victims of Cyclone Nargis in Myanmar, according to an early report by an emergency team from
      384 words
    • THREE-MINUTE DIGEST
      • 53 2 FORMER Malaysian premier Mahathir Mohamad has quit the United Malays National Organisation the party he led for 22 years in protest at the leadership of his hand-picked successor, Abdullah Badawi. Dr Mahathir has urged all other Umno members to quit the party too. TOP
        53 words
      • 78 2 WHILE the organisers of the Volvo Ocean Race believe the future of major sailing and yachting events is in Asia, they will be in uncharted territory on and off the water when the boats sail into Singapore in December. Traditionally in
        78 words
      • 60 2 ONE man in Singapore is on a crusade to preserve the neglected art of handwriting in the age of digital communication. Herman Chan, boss of specialty pen and stationery store Elephant and Coral, counts royalty worldwide among clients for his writing implements which
        60 words
      • 70 2 JAPAN should cut corporate taxes and introduce more transparent rules for mergers and acquisitions to help boost foreign investment, says a government advisory panel. Its corporate tax rate of 40 per cent is a major obstacle to foreign direct investment,
        70 words
      • 60 2 THOUSANDS of finance industry staff on Wall Street are losing their jobs as hard-pressed banks battling sub-prime woes and the credit crunch make deep cuts. Just how many more jobs will be lost is unclear. But banks worldwide are said to have
        60 words
      • 56 2 SIME Darby does not expect any delay in completing its US$2 billion Bakun undersea power cable project that will supply electricity from Sarawak to the Peninsular Malaysia, after news reports speculated that the project could miss its 2013 deadline unless haggling stops and
        56 words
      • 83 2 THE Securities and Exchange Board of India (Sebi) is shortly expected to allow non-resident Indian (NRI) fund managers to manage the investment portfolios of foreign institutional investors (FIIs), the Business Standard reported, citing an Sebi official. Sources said that fund managers are regulated
        83 words
      • 53 2 BEIJING has decided to avoid areas with high seismic activity when they begin reconstruction in Sichuan and neighbouring provinces where a huge earthquake resulted in huge loss of life and US$7 billion of damage to infrastructure, a government minister said yesterday. GREATER
        53 words
      • 58 2 THE biggest leveraged buyout ever proposed appeared to be in trouble at the weekend as Wall Street banks that committed to finance the deal sought to renegotiate the lending terms. The US$5l.B billion buyout of Bell Canada is the latest to run into trouble
        58 words
    • 509 3  -  S JAYASANKARAN By in Kuala Lumpur FORMER Malaysian Prime Minister Mahathir Mohamad has quit the United Malays National Organisation (Umno) the party he led for 22 years in protest against the leadership of his successor, Prime Minister Abdullah Badawi. His son, Mokhzani Mahathir, told
      AFP  -  509 words
    • 1068 3  -  QUAK HIANG WHAI ANALYSIS Falling interbank rates won't automatically mean a throwback to the past By [SINGAPORE] Singapore interbank rates the prices banks charge each other for short-term funds are threatening to fall back to record lows. The benchmark threemonth rates
      1,068 words
  • Page 2 Advertisements
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    • 27 2 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES Hh
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 797 4  -  CHEW XIANG THREE years ago, biofuels were promoted as the answer to a litany of environmental woes, from global warming to smog pollution. But today, those who bought into the hype must be regretting it. Few false messiahs have gotten worse press. Biofuels are
      797 words
    • 250 4 Bloomberg [HONG KONG] Central China Real Estate Ltd, minori-ty-owned by Singapore's Capita Land Ltd, may raise as much as HK$l.9 billion (***** million) in a Hong Kong initial public offering, said two people familiar with the sale yesterday. The company based in
      – Bloomberg  -  250 words
    • 278 4 Reuters [MANAMA, Bahrain] The Islamic Bank of Asia, majority-owned by Singapore's DBS Bank, yesterday said that it plans to expand across the Gulf and could eventually sell shares in an initial public offering (IPO). The one-year-old Singapore-based bank, which recently opened its first
      Reuters  -  278 words
    • 220 4 KIM Eng Research has corrected errors made in a report on Singapore Airlines (SIA) that was carried in BT's "Brokers Take" column last Friday. Regarding SlA's A3BO deliveries, Kirn Eng said that SIA has received four A3Bos to date, not three as given in
      220 words
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  • SINGAPORE NEWS
    • 546 6  -  VINCENT WEE Volvo Ocean Race organisers see potential despite 'uncharted territory' By WHILE the organisers of the Volvo Ocean Race (VOR) believe the future of major sailing and yachting events like theirs is in Asia, they will be in uncharted territory
      546 words
    • 668 6  -  DANNY TAN IDM LANDSCAPE NUS graduates work on MDA-funded start-ups while living in an IDM incubator By THE image of a 31-year-old John Lennon, eyes yearning for an end to the fighting in an era when the notion of world peace had yet to be
      JOHN HENG  -  668 words
    • 589 6  -  JOANNE CHIEW By VIDEO gaming giants who have Asia in their crosshairs are opting to use Singapore as a launchpad to the region. The past two years have seen a confluence of big names in the gaming industry in Singapore. Electronic Arts (EA),
      589 words
  • Page 6 Advertisements

  • Page 7 Advertisements
    • 44 7 I 3 Si. 5' n O 3 if Ml r I rfflH I H Service Because we know that compromise is not your game, Excellence in Flight we provide only the best quality and services whether it be on-ground or in-air. JKi^M%Jb/\AI J\M. Jt% <~^)
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  • SME
    • 921 8 Reputation plays key role in the luxury pen business, reports JOANNE CHIEW HANDWRITING is a neglected art in this age of digital communication. But one man is on a crusade to revive it Herman Chan, managing director of Elephant and Coral, a local
      FILE PHOTO  -  921 words
    • 685 8 IT MATTERS The world is advancing so rapidly that everything and everyone has to battle to keep pace. Being mobile has taken on a new meaning we have to be connected to everything everywhere. Even on a flight, the connection is not lost, as
      685 words
  • Page 8 Advertisements
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  • SME SPOTLIGHT
    • 716 9  -  OH BOON PING SMALL CAPS By SIHUAN Pharmaceutical Holdings hopes to stretch its business tentacles overseas with a newly acquired drug research firm in China. In an interview with BT, executive chairman Che Fengsheng said the new subsidiary Shandong R&D Company already has collaborations
      716 words
    • 379 9  -  OH BOON PING PRO-ENTERPRISE CHANGES By BUSINESSES can now claim new deductions on capital spending, thanks to a new tax incentive introduced by the Inland Revenue Authority of Singapore (IRAS) after it was approached by the Pro-Enterprise Panel (PEP). Just about all businesses spend
      379 words
  • Page 9 Advertisements
    • 87 9 ■0\ WC v^v H^l:i^^^!*'^^P^^™w^ |jl I _J I 11K JBm Copynghl (0 2008 FuJltsuAsbPte Ltd. All Mglrts reserved. Fujitsu, the Fujitsu loco, PRIMERGY are registered Memarks of trademarks of Fulltsu Umlted In the United States and other counties. Celeron, Celeron Inside, Centrino, Centum Inside, Centino Logo, Core Inside, Intel, Intel
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      611 words

  • THE FILM BUSINESS
    • 977 10 -NYT Hollywood is responding to the new marketing realities by releasing a product simultaneously worldwide [CANNES] It has been almost two decades since the irrepressible archaeologist with the bullwhip last graced the big screen, but as Steven Spielberg and Harrison Ford walked the
      -NYT  -  977 words
  • Page 10 Advertisements
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      2,258 words

  • ECONOMY WATCH
    • 500 11 FDI target of 5 per cent of GDP by end 2010 still lags other major economies [TOKYO] Japan should cut corporate taxes and implement more transparent rules for mergers and acquisitions so as to boost foreign investment, a government advisory
      500 words
    • 881 11 -NYT [NEW YORK] People on Wall Street seem to be vanishing overnight. Thousands are losing their jobs as hard-pressed banks cut deep. But while layoffs are nothing new in the financial industry (they come with almost every downturn), this round seems different:
      -NYT; AFP  -  881 words
    • 421 11 Reuters [TOKYO] Japanese manufacturers turned pessimistic for the first time in five years in May in the face of soaring raw material costs and a US slowdown, a Reuters survey showed yesterday, in a further sign the economy is slowing. The Reuters
      – Reuters  -  421 words
    • 457 11 Bloomberg Growth to pick up to 2.1% in 2nd half: NABE poll [ATLANTA] The US economy will probably exit from a recession by the end of the next quarter as credit markets improve after a year of turmoil, according to a survey
      – Bloomberg  -  457 words
    • 753 11 Bloomberg Productivity gains will be weaker, joblessness higher [NEW YORK] A normal US economy is likely to look a lot different, and worse, after the credit crisis is over and financial markets settle down. Companies will continue to struggle to raise cash for expansion
      Bloomberg  -  753 words
  • Page 11 Advertisements

  • FOCUS
    • 876 12 Reuters Dr MS Swaminathan says that the current food crisis offers the world a chance to put farmers on the road to unending growth FORTY years after he helped rescue the world from growing famine and a deepening gloom over the future of food supplies,
      – Reuters; AP  -  876 words
    • 824 12 The Washington Post [MUMBAI] When Amit Shah, a budding young actor born in Chicago, auditioned for a role in the upcoming Hollywood comedy Fraternity House the directors picked him to play an Indian exchange student. He was told to wear glasses and sport a
      – The Washington Post; REUTERS  -  824 words
  • Page 12 Advertisements
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  • MALAYSIA/INDONESIA
    • 507 13 Delay in tenders and agreements with the parties involved raises concern [KUALA LUMPUR] Sime Darby Bhd does not anticipate any delay in the completion of its US$2 billion Bakun undersea transmission cable project in Sarawak despite speculation that the project could miss its
      BLOOMBERG FILE PHOTO  -  507 words
    • 221 13 Bloomberg [JAKARTA] Indonesia may draft a new law to allow the government to cut its fuel subsidies for private cars without requiring parliamentary approval, Energy Minister Purnomo Yusgiantoro said. The government may introduce three categories of subsidies, with public transport and motorcycle users
      – Bloomberg; BLOOMBERG  -  221 words
    • 349 13 Reuters [SHANGHAI] A developer controlled by Malaysian tycoon Quek Leng Chan said it is disputing the legality of a deal by China's Shenzhen Development Bank to recover one billion yuan (Ssl96 million) in loans. Shenzhen Bank, controlled by US private equity firm Newbridge Capital,
      – Reuters  -  349 words
    • 266 13 -AP [JAKARTA] South-east Asia's most wanted terror suspect, Noordin Top, may have evaded a massive manhunt and fled Indonesia, according to police documents obtained by The Associated Press. A militant who was arrested and extradited to Indonesia told police that an Algerian who
      -AP  -  266 words
  • Page 13 Advertisements
    • 211 13 I Ktf^SffßZwfll BflmffCSßl U^a liyil |m H H Vl.. i f */m mk W' \t lfc^-il\ I I^l ifl V ~TTTT^l^'af l? M ■■■v Qal^* 10 -fe^"W M Washington, D.C. Singapore Tokyo Erro! IPR! IP^nS Tokyo Singapore Morning Flight Jjjjjyj^ymHi^ Night Flight Flight No Dep Arr Flight No City Dep
      211 words

  • INDIA
    • 437 14 They could be allowed to manage portfolios of FIIs in India [MUMBAI] The Securities and Exchange Board of India (Sebi) is shortly expected to allow non-resident Indian (NRI) fund managers to manage the investment portfolios of foreign institutional investors (FIIs), the Business Standard
      AFP  -  437 words
    • 235 14 -AFP [NEW DELHI] Reliance Big Entertainment said on Sunday it had signed deals with the production houses of top Hollywood stars such as Brad Pitt and George Clooney to make films worth about US$l billion. The media group owned by tycoon Anil
      -AFP  -  235 words
    • 161 14 [MUMBAI] The Reserve Bank of India (RBI) scanner on banks with exposures to exotic derivatives has now turned to several highprofile foreign banks, according to a report in Business Standard. RBI has called for data from most of the foreign banks active in structured product
      161 words
  • Page 14 Advertisements
    • 2270 14 Credit Suisse laaaSiHlH HHiiiiiiMiiiifl NOTICE OF EXTRAORDINARY GENERAL MEETING Consolidated Balance Sheets at 31 December 2007 Report of the Group Auditors and the Independent RpnictoreH Pllhlir Arrnuntina Firm tn th<» ftonpral NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Nucleus Electronics Ltd (the 2007 2006 HegiSierea KUDIIC ACCOUniing
      2,270 words

  • GREATER CHINA
    • 545 15  -  SAIBAL DASGUPTA Quake caused USs7b of damage to infrastructure, says govt minister BY in Beijing CHINESE authorities have decided to avoid quakeprone zones with high seismic activity when they begin reconstruction in Sichuan and the neighbouring provinces. The quake there has resulted
      REUTERS  -  545 words
    • 173 15 Reuters [HONG KONG] Banks are arranging funding for the chairman of Country Garden Holdings, Yeung Kwok Keung, to bid for a stake in Hong Kong's Television Broadcasts (TVB), bankers told Reuters Basis Point. Officials at Chinese property developer Country Garden were not immediately available
      – Reuters  -  173 words
    • 248 15 -AP [BEIJING] Construction workers put down their tools, drivers stopped suddenly in the street, and rescuers briefly paused in their increasingly vain search for survivors amid the rubble of China's earthquake devastation. Busy, bustling China stopped yesterday to mourn the millions of victims killed
      -AP  -  248 words
    • 528 15 Bloomberg [WASHINGTON] John McCain threatens to ban toy imports from China and lashes its government for stilling religion and free speech. Barack Obama and Hillary Clinton want to punish China for currency manipulation. The presidential candidates' rhetoric in recent weeks
      – Bloomberg; REUTERS  -  528 words
    • 352 15 Bloomberg [HONG KONG] Hong Kong's unemployment rate unexpectedly fell to 3.3 per cent, matching the lowest in a decade, helping to boost consumer spending and sustain growth in the city as global demand fades. The seasonally adjusted jobless rate was for the three months
      – Bloomberg  -  352 words
  • Page 15 Advertisements
    • 85 15 This announcement appears as a matter of record only Final Closing U551,515,000,000 The Baring Asia Private Equity Fund IV, L.R A private equity fund formed to invest in growth financings and buyouts of mid-sized companies in Asia. Baring Asia advises private equity funds with over US$2.5 billion of committed capital.
      85 words

  • WORLD
    • 275 16 Reuters [DUBAI] State-owned Dubai Multi Commodities Centre (DMCC) plans to extend its global electronic warehouse financing instrument to Europe in the wake of the global credit crunch, a senior official said yesterday. The Global Multi Commodities Receipt (GMR), launched last November in Singapore,
      – Reuters  -  275 words
    • 657 16 Bloomberg LATEST US DATA Unexpected change signals economy may not keep weakening 2nd half [WASHINGTON] The index of leading US economic indicators rose in April for a second month, a sign the economy may not keep weakening in the second half of the
      Bloomberg  -  657 words
    • 530 16 Reuters Few investors are buying following global credit crisis [LONDON] A series of new carbon indexes launched by investment banks, allowing investors to cash in on the booming carbon market, are attracting some interest but not much actual money, the banks said. In
      – Reuters  -  530 words
    • 782 16 Bloomberg [NEW YORK] Never have so many oil and gas companies spent so much to produce so little. That is the challenge facing ExxonMobil, Royal Dutch Shell, BP pic, Chevron, Total and ConocoPhillips, which will spend a record US$9B.7 billion this year on exploration
      – Bloomberg; BLOOMBERG  -  782 words
    • 430 16 Bloomberg [DUBAI] Local families can control the entire board in some publicly traded Gulf Arab companies, raising corporate governance concerns as the region attracts more overseas investors, a new study shows. In Kuwait, directors from the same family can "own" an entire board, falling
      – Bloomberg  -  430 words
    • 592 17 -NYT I Banks' attempts to renegotiate lending terms imperil USssl.Bb buyout [TORONTO] The largest leveraged buyout ever proposed appeared to be in trouble over the weekend as the Wall Street banks that committed to finance the deal sought to renegotiate the lending terms, people
      -NYT I; I BLOOMBERG  -  592 words
    • 318 17 Reuters [SEATTLE] Microsoft Corp has proposed an alternative deal to Yahoo! Inc, rather than a full acquisition, in a move that could save the Web pioneer from fighting a proxy battle with financier Carl Icahn. "Microsoft is considering and has raised with Yahoo an
      Reuters  -  318 words
    • 362 17 Reuters [PENDLETON, Oregon] Democrat Barack Obama will pursue a vigorous antitrust policy if he becomes US president. He singled out the media industry as one area where government regulators would need to be watchful as consolidation increases. "I will assure that we will have an
      – Reuters; AP  -  362 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 1844 17 J| |E ©KRUNG THAI BANK PUBLIC COMPANY LIMITED Head Office: 35 Sukhumvit Road, Klong Toey Nua Subdistrict, Wattana District, Bangkok ***** Thailand Singapore Office: 65 Chulia Street, #32-05/08 OCBC Centre, Singapore *****3 Tel: (65) 6533-6691, Fax: (65) 6533-0930 Co. Reg. No.: F*****Z Balance Sheets Income Statements as at December 31,
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  • AVIATION
    • 488 18 -Reuters [NEW YORK] Cracks in the US airline industry are widening, pushing smaller regional air carriers such as Mesa Air Group to the brink of bankruptcy. Regional jet operators such as Mesa and ExpressJet Holdings are being pressured by flight cutbacks from national
      -Reuters  -  488 words
    • 445 18 Bloomberg Regulation may distort market decisions and stifle innovation, it says [LONDON] BAA, the operator of three London airports, needs more competition and not heavy-handed regulation, the UK government said in response to a transport select committee investigation. "Our view is that competition
      – Bloomberg; REUTERS  -  445 words
    • 280 18 Reuters [BANGALORE] XOJet, a private aviation company backed by buyout firm TPG, said it has arranged US$2.5 billion of financing to expand its fleet and better compete with rivals such as Net Jets, owned by Warren Buffett's Berkshire Hathaway. The company yesterday
      – Reuters  -  280 words
    • 2436 18 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
      2,436 words
  • Page 18 Advertisements
    • 145 18 BT/ZUJI Deals of the Week Bwl yjpftiwwi RSI BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Kuala Lumpur $422 $150 $59 Japan Airlines Japan Airlines DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Bangalore I $2,400 (Jet Airways) I $550 (Jet Airways) $39 4^£ Rain Bangkok $489 (HiaiAirways)
      145 words
  • Page 18 Miscellaneous
    • 416 18 CRYPTIC CROSSWORD ACROSS n 1 IT 1 n; 1 n 1 r= 1 r= 1 1= 1 BBBBi 1 T A I A' H ft ft P ft ft P BBBai I Trendy river vessel diverts |MI semiaquatic animals (14) jpBJ jpjßj B^^ 9 Game regarded as desira- _MH_MM_MM_^B— —^B—^B——P"T—
      416 words

  • SHIPPING
    • 571 19 Reuters Higher oil prices and increasing container freight rates cited; shares soar 7% [COPENHAGEN] Danish shipping and oil group AP Moller-Maersk said its net profit nearly tripled in the first quarter due to higher oil prices and higher container freight rates, boosting
      Reuters; AFP  -  571 words
    • 376 19 Bloomberg [LONDON] Commodity shipping costs rose to a record for a second day last Friday as congestion at China's ports exacerbated a shortage of vessels and the nation's steelmakers buy unprecedented volumes of iron ore. The Baltic Dry Index, watched by banks
      – Bloomberg  -  376 words
    • 537 19 Reuters [MONTE CARLO] Freight costs for natural resources could break more records, but the market will be volatile as it grapples with heavy iron ore supplies, congestion at ports and new vessels. The chief Baltic Exchange sea freight index hit a
      – Reuters  -  537 words
    • 278 19 Bloomberg The threat arising from jump in shipping traffic may hit fisheries [LONDON] China's economic expansion heightens the risk of an oil spill, threatening the nation's fisheries, an anti-pollution group set up by tanker owners said. Economic growth boosted shipping traffic by 170 per cent
      – Bloomberg  -  278 words
    • 395 19 Bloomberg [SEOUL] Hyundai Heavy Industries, the world's largest shipbuilder, rose the most in a month after an index of vessels prices climbed to a record, easing concerns that shipyards would be unable to pass on rising steel costs. Hyundai Heavy climbed 5.3 per cent
      – Bloomberg  -  395 words
    • TRANSPORT STOCKS
      • 101 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.63 0.37 3.56 0.77 2.68 1.16 0.07 0.93 1.57
        101 words
      • 36 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.80 9.50 9.50 4.38 3.24 0.23 unch 0.01 0.05 0.05 0.10 unch 0.02 unch 25 2023 1247 2673 14 241 0
        36 words
      • 12 19 '00 'recious Ship Regional Cont .27.00 .24.00 1.50 0.20 6782 1064
        12 words
      • 12 19 '000 bj. Doil iingamas Cont 56.30 2.70 1.30 1199 0.29 *****
        12 words
      • 22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.00 33.00 2.50 unch unch unch unch unch 7358 107 2443 0
        22 words
      • 24 19 bj. Evergreen Marine ....29.90 :irst Steamship 86.40 /Van Hai Lines 27.90 t'ang Ming Marine ..24.55 -0.30 unch 0.35 0.35 21 4 8 11
        24 words
      • 39 19 '000 :awasaki Hvy Ind ..295.00 :awasaki Kisen ...1248.00 /litsubishi Hvy 470.00 /litsui Eng&Sbldg ..356.00 yiitsui Osk Lines ...1664.00 Jippon Express 542.00 Jippon Yusen 1108.00 2.00 ***** 11.00 8449 7.00 ***** 11.00 ***** 17.00 ***** -3.00 2490 -5.00 7283
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  • Page 19 Advertisements
    • 19 19 Lianhe Zaobao I home UI loan demand sifteis I I despite lower interest rates I I, ryrTTrrrfrT] I /N
      19 words
    • 150 19 BATAM TRADE GROUPING Notice to Trade Following a review of the rising operational and bunker costs, the Batam Trade Grouping wishes to announce with effect Ist June 2008: (1) General Rate Increase (GRI) Breakbulk: 552.00 per Revenue ton Container: Ssloo/20ft and Ss2oo/40ft (2) Bunker surcharge Breakbulk: 553.00 per Revenue ton
      150 words

  • EDITORIAL & OPINION
    • 481 20 THE recent years have seen hard-won gains in respect of raising the level of corporate governance standards among Singapore listed companies. Central to this is the growing recognition of the critical part boards play in the affairs of corporations. That said, more needs to
      481 words
    • 1317 20  -  ANTHONY ROWLEY ADB plans to create dedicated infrastructure financing facility THE Asian Development Bank (ADB) announced a flood of new initiatives at its annual meeting in Madrid this month, with US$5OO million of budget aid offered to countries worst hit by soaring food prices,
      FILE PHOTO  -  1,317 words
    • 792 20  -  SHADA ISLAM THE BOTTOM LINE AS world food prices soar and developing countries struggle to feed their hungry and angry populations, the European Union has become entangled in yet another acrimonious internal debate on the future of its heavily-subsi-dised farm sector. Significantly,
      792 words
    • 1727 21  -  DAVID ROTHKOPF The Washington Post Apart from heads of state, they include corporate executives, leading investors, top bankers, media moguls and generals By M E DIDN'T elect them. We can't throw them out. And they're getting more powerful every day. Call them the superclass.
      The Washington Post; AP  -  1,727 words
    • 724 21  -  DAVID PAULY Bloomberg By CREDIT is scarce but not capital. Mortgage-ravaged banks and Wall w Street firms often have to borrow from the US Federal Reserve, as lender of last resort, to meet current bills. They have no problem at all raising big
      – Bloomberg; AP  -  724 words


  • FINANCE & COMMODITIES
    • 382 22 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mai 16 World Index Preliminary 1079.8 0.0 -4.6 -0.4 -7.1 0.3 -2/ EAFE Preliminai 1040.7 0.5 -7.1 0.3 -7.3 1.0 -2.6 Eun Prel liminan 1429.8
      382 words
    • 61 22 May 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 08 Jun 08 3508 Jul 08 3505 Aug 08 3500 Total o/p: ***** contracts 3500 3566 3566 3499 3567 3567 3500 3570 3570 3500 Turnover: 6505 lots
      61 words
    • 20 22 May 19 >TI IIMSCI Ma' closed "aiwan Ma> 355.9 359.8 358.6 Source: MF Global (S) He. Ltd
      20 words
    • 22 22 May 16 SS Bid Offer 1-month 1.3687 1.3699 2-months 1.3671 1.3684 3-months 1.3657 1.3671 6-months 1.3611 1.3626 Source: OCBC
      22 words
    • 156 22 May 16 Against SS Zurrencies Bid Offer Against US$ Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2963 1.2974 0.9456 0.9457 Canadian dollar 1.3694 1.3705 0.9989 0.9990 luro 2.1237 2.1255 1.5491 1.5493 IZ dollar 1.0486 1.0501 0.7649 0.7654 jterlini 2.6713 2.6734 1.9486 1.9487 IS
      156 words
    • 290 22 May 19 OPEN HIGH LOW SETT VOL OP/INT iURODOLLAR FUTURES unO8 >epO8 DecO8 VlarO9 97.365 97.300 97.060 96.905 0 0 0 0 ***** ***** 8221 ***** EUROYEN FUTURES unO8 99.145 99.150 >epO8 99.095 99.095 DecO8 99.000 99.005 VlarO9 98.910 98.920 unO9 >epO9 98.775 98.795 DecO9 Vlar10 99.145
      290 words
    • 286 22 May 16 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest JunO8 Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 420.75 418.00 415.50 413.75 411.00 412.00 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open Interest
      286 words
    • 133 22 As at 9am May 16 Singapore dollars to one unit >f foreign currency: Currencies Bid Offer dollar 1.2850 1.3000 .an dollar 1.3640 1.3810 luro 2.1110 2.1340 lala< in rim lit" 0.4223 0.4232 IZ dollar 1.0390 1.0620 jterlini ind 2.6600 2.6900 IS dollar 1.3660 1.3810 .ocal dollars
      133 words
    • 164 22 May 16 IS Offer Bid Overnight 1/4 1-month 1 3/16 2-months 1 1/4 3-months 1 5/16 Overnight mode: 1/2 US$ Offer 1/8 1 1/16 1 1/8 1 3/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 1 month 3 months
      164 words
    • 466 22 May 16 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.947 6.608 0.610 7.377 40.479 87.846 0.986 9.837 3.068 1.236 64.753 40.431 1.297 7.152 0.995 28.989 30.606 0.485 0.946 Canada 1.056 6.980 0.645 7.792
      466 words
    • 129 22 May 19 Hong Kong .ondon 908.00 881.60 909.00 882.60 May 16 May 15 904.30 886.20 905.30 887.40 Source: Reuters CAST BAR (S$) May 16 Buying Sellim Kilobar "41,917.25" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 94.16 266.43 476.15 896.66
      129 words
    • 77 22 ,JS$) (Ss) 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** May 16 6 mths 1.***** 9mths 1.***** 12 mths 1.*****
      77 words
    • 91 22 May 16 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****F 14.08.08 1-Year BY*****N 04.05.09 0.90 1.03 0.86 0.8 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625
      91 words
    • 70 22 May 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2996.20 2965.20 3 months 3040.00 3010.00 Copper, Grade A (US$/tonne) Cash 3 months 8566.00 8439.00 8418.00 8296.00 Lead (US$/tonne) Cash 2331.50 3 months 2342.00 2260.50 2276.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 77 22 May 16 COCOA (Btonne) Close Prev Hii ih/Low Jul 08 1467 1441 1469/1439 SepO8 1419 1391 1420/1392 Dec 08 1399 1373 1400/1384 Mar 09 1375 1347 1376/1355 COFFEE (US$/tonne) Close Pev High/Low May 08 2260 2225 Jul 08 2280 2245 2289/2244 SepO8 2263 2234 2272/2235 Nov08 2244 2215 2251/2200
      77 words
    • 103 22 May 16\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 08 1378.00 1347.50 1402.00 1366.00 Aug 08 1377.25 1347.00 1395.00 1366.00 Sep 08 1359.25 1328.00 1369.00 1348.00 Nov 08 1349.25 1319.25 1366.00 1336.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul OS 61.85 60.03 62.40
      103 words
    • 76 22 CRUDE OIL PRODUCTS May 16 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 124.79 -0.07 WTI (Near Mth) 126.67 2.68 Dubai (1-Mth F) 118.8 -0.02 Tapis blend 129 0.15 Minas 126.3 0.1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 111.90 160.80 1.40 -1.2 US$/barrel Opec Oil
      76 words
    • 1785 22 BONDS WARRANTS Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left »92 Asia Environment W*****4 12 -3.5 30 1 38 14 3.67 15 1267 Biosensors DB ECW*****5 21 -0.5 5 1 70 4 1014 Capitaland BNP ECW*****8 31.5 1 20 0.1 493
      1,785 words
  • Page 22 Advertisements
    • 70 22 With over 540 Singapore CFDs, more than any Isaxol I other online platform, you enjoy the flexibility "/.^l I WIM t% to trade according to your personal trading OC strategies, whether it is to go LONG or SHORT. SUADT For more information on SaxoTrader: O^^U Website: www.saxomarkets.com.sg I I Call:
      70 words

  • Page 23 Advertisements
    • 2578 23 m The Business Times Shipping Times M W^m JH3Bym2^avWySFlT7FnfT^ m\\ WAN HAI INTERNATIONAL PTE LTD K^l BP MilPfrTl PS H^g||^|Uyß ■■HiiSl^rAßliSilllii^ailH IVT*i\IAIAM UAI Illkirr T1L*****588 (HUMES) FAX:*****163 A A.^ ■rSlll'i'wSTi BSRBBSKfIISjBJBJIfIIgI HSKRii^lMnißl I VNN 1 WAN HAI INES C^'-'ner Seivi.e B«.l<mg% Dit«l Line (1800) *****200 h^^^dAgl^aMgll ■UIISIiMEBHS-BfifSSaWMl llflll I ICtl
      2,578 words

  • Page 24 Advertisements
    • 4219 24 jto AUSTRAL ASIA LINE -*sh.:btipy/ w uh d«id h^.J |K||^| H R H H I tip S®29^ f—L^t- ASIA AUSTRALIA SERVICE AcceptingContainer/LCL/Breakbulk/Project H}«v|l _E_H -HH ■_Ss_^^^^^^n^^^^n__________K!__________n___________Kii_________H_n__________c_____H weekly express sailing schedule CAPE YORK 05A8 04/05 l]/0J 17/05 31/05 04/06 07/06 11/06 Hfflf-I I BJBSTltPini__3fl_lWTlFlWWl3 lni7T^ capemoreton bias n/05 is/05 22/05 08/06
      4,219 words

  • PROPERTY
    • 388 25 Bloomberg Fall for 2nd straight quarter due to banks demanding higher credit scores [SAN FRANCISO] California's luxury home prices fell for the second consecutive quarter as banks required higher credit scores and downpayments, reducing the number of potential buyers in the state's wealthiest communities.
      – Bloomberg  -  388 words
    • 834 25 Reuters Some pose as tenants who seek cash from banks as a condition to leave [BROCKTON, Massachusetts] They enter through a broken first-floor window each night to sleep on a mouldy bed in the abandoned four-family house at 827 Main Street, part of
      Reuters; REUTERS  -  834 words
    • 890 25 LAT-WP ANN BRENOFF provides the lowdown on hot celebrity properties on sale in the Los Angeles area THERE'S nothing like new motherhood to get you thinking about the nest, which may explain why singer-songwriter Christina Aguilera, whose son was born in January, has listed her
      – LAT-WP  -  890 words
  • Page 25 Advertisements
    • 130 25 FREEHOLD INDUSTRIAL SITES FOR SALE BY TENDER 18 Howard Rd &27 New Industrial Rd I I —\~Y \~T 71 SITE A \V fe/ •18 Howard Rd is/ Located within Kampong Ampat sitebA^&\ Industrial Est /I/ Regular site layout /or-5^S--AA^^^ v\ Area approx 44,000 sf /^r^^r^^^^^^r- •Zoning: Business 8 J^.V= M
      130 words
    • 75 25 ■Total Land Area: ***** sq ft (approx) •MP 2003 'Residential' with plot ratio 2.1 gi a Andrew Short walk to Potong Pasir MRT station vmage (School) within Ikm to St. Andrew Village, 1 School, Neighbourhood Shops etc z 3 Subiect t O Property S S UJ For details/Tender documents, Call:
      75 words
    • 178 25 GOOD CLASS BUNGALOW FOR SALE Bishopsgate 17,0005f Cable road 18,000sf Belmont 22,0005f Oriole Cres IO,OOOsf ClunyPark 16,0005f CamdenPark 35,0005f Cornwall Garden 22,0005f Nassim 17,0005f Dalveyßoad 15,5005f Holland 16,0005f 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 BtTunggal
      178 words

  • BUILDING FOR TOMORROW
    • 1384 26 From the Republic's early days, the buildings that define its skyline reflect a nation that is increasingly vibrant, writes JOEL CHUA IF a country had a face, it would be the skyline of its city. Like a portrait on a sky-blue canvas, it is the
      1,384 words
    • 467 27 Bloomberg Bid-ask price gaps are too wide, many are sitting on the sidelines [NEW YORK] Global real estate markets are frozen because buyers and sellers remain far apart on price and aren't ready to concede values won't return to levels achieved in 2007, Apollo Real
      – Bloomberg; REUTERS  -  467 words
    • 1094 27 Bloomberg Distressed mortgage buyers play a role in easing the US out of its worst housing slump since the *****, writes 808 IVRY THE way out of the worst US housing slump since the 1930s goes through Angel Gutierrez. Mr Gutierrez buys bad mortgages a
      – Bloomberg; BLOOMBERG  -  1,094 words
  • Page 26 Advertisements
    • 83 26 BEXASIA ISA COMPREHENSIVE BUILDING AND CONSTRUCTION EXHIBITION THAT SERVES THE SOUTH EAST ASIA REGION. View products and services across 5 key segments: Highlights Wk Q Building Finishes Decorations APSDA Congress and Assembly 2008 q Building Construction Materials Q APSDA Awards Gallery q Building Construction Equipment Tools c SIA Architectural Awards
      83 words
    • 11 26 This four-part series is brought to you by «S BEXasTa 2008
      11 words

  • Page 27 Advertisements
    • 107 27 Use less space with a highly efficient floor plate Plot 4A International Business Park, Singapore HJ«I;IUiTTI Expected TOP in Q4 2009 Excellent corporate profile I Private lobby for full floor tenants I Conducive workplace environment I Lush designer landscape grounds Latest business park office specifications I High 3m to 4.5
      107 words
    • 209 27 Good Investment Opportunity Merchant Square for Sale T" I 51 Merchant Road, Singapore Ny Unique commercial building 4-storey office block integrated with 2 blocks of r^M shophouses Net Lettable Area: approx 5-10 minutes to Orchard Road w\ Major expressways AYE and Sj... CTE within immediate vicinity Generous provision of Htlfl
      209 words

  • Page 28 Advertisements
    • 139 28 m^P^mh r bP^^B MF^ Mr > MPv •>- j^r 1 M. >■■** -^B WW^^ MF ■P*^ *W *W /^F <Jaa Mr mUE 'Ml 1 BKabt BBTT^^^BBbI ■/**viMJik v ■Vtl J V V Baaa» #ijaf »J bMbU SaCS* .aatflFs- *SH V tSMMMPi'MI m X v %*3z JBagP> aW flfafj 41 MrsV*\
      139 words