The Business Times, 24 April 2009

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Microfilm: NL29989
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sp!i A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, April 24,2009
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  • Article
    Lock icon Secondary market buzzes as prices fall
    1205 1  -  KALPANA RASHIWALA Ql sees rise in resale and subsale deals as prices get more attractive By [SINGAPORE] The pick-up in private home sales by developers has spilled over to the secondary market. Falling prices are greasing the flow. Caveats have been lodged for 1,063
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  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 17.225 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      48 1 Thursday Change KLCOMP 978.64 +10.06 NIKKEI 225 8,847.01 +119.71 HANG SENG 15,214.46 +336.01 SET INDEX 466.06 +5.44 JAKARTA COMP 1,592.70 -22.53 MANILA COMP 2,068.30 -5.01 SEOUL COMP 1,368.80 +12.78 SHENZHEN B 366.51 +0.31 MUMBAI IND 11,134.99 +317.45 12 noon EDT Cham DOW 7,817.27 -69.30 NASDAQ 1,630.97 -15.15
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    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.504 (US$/S$ per 1.456 2.189 ;URO (US$/S$/E) 1.302 1.958 Foreign currency per US$ S$ 'EN 98.20 65.30 3.631 2.414 IK$ 7.750 5.152 !AHT 35.55 23.63 lUPIAH 10,943 7,275 lENMINBI 6.830 4.541 INDIAN RUPEE 50.17 33.35 1.414 0.940
      42 words
  • Article, Illustration
    Lock icon Over-regulation has downside: Shanmugam
    700 1  -  CHEWXIANG But more can be done to create effective corporate governance By [SINGAPORE] Lax enforcement, rather than lack of regulation, is at the root of the present financial crisis, and more rules are not the solution, Law Minister X Shanmugam said yesterday. "I do not suggest
    ARTHUR LEE  -  700 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      61 1 I **^L^k BREACH CORPORATE f^ I S OLIVER WORLD GOURMET -w^ Cillmmi OFCONTRACT RESULTS IM, M STONE SUMMIT &^g/^ Tiger wins case against KeppelQl net profit Natural bom Tantalising the vvj ~TS& Swissport rage 2 up 9% rage 5 Uii I teacher page 30 taste buds page 27 /~tL IN
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      5 1 w^^^^M\ flTf|B^ [Til B^Ai I
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Secondary home market buzzes as prices fall
        80 2 THE pick-up in private home sales by developers has spilled over to the secondary market. Falling prices are greasing the flow. Caveats have been lodged for 1,063 private homes in the resale market in the first three months of this year, up 11.7
        80 words
      • Article
        Lock icon Lax enforcement root cause of crisis: Shanmugam
        71 2 LAX enforcement, rather than lack of regulation, is at the root of the present financial crisis, and more rules are not the solution, said Law Minister X Shanmugam yesterday. "I do not suggest there is no need for additional regulations," he said at
        71 words
      • Article
        Lock icon Najib expected to open the door wider
        81 2 THE Malaysian government's move to liberalise the services sector on Wednesday was greeted with cautious optimism by analysts yesterday with some expressing the view that the moves could be a prelude to wider liberalisations going forward. One influential website reported that the 30
        81 words
      • Article
        Lock icon Results today, but more stress in store
        84 2 IT is the day of reckoning for the largest banks in the US, as they learn today from regulators whether their institutions can pass muster if the economy tanks further. Much is at stake after two months of tests on the 19 institutions,
        84 words
      • Article
        Lock icon DBS Vickers scheme offers lower fees for online trades
        44 2 DBS Vickers Securities is offering a cash-upfront scheme for clients to trade at commission rates of 0.18 per cent, beating minimum rates of about 0.28 per cent for online trades now. TOP STORIES, PAGE 4
        44 words
      • Article
        Lock icon Keppel Q1 net profit increases 9% to $285.3m
        56 2 KEPPEL Corp posted a 9 per cent rise in first-quarter profit to $285.3 million, from $261.7 million a year ago, despite the global economic downturn. Revenue was also healthy, rising 35 per cent to $2.98 billion from $2.21 billion for the previous
        56 words
      • Article
        Lock icon CapitaLand expects weaker 2009: CEO
        55 2 CAPITALAND'S financial performance is expected to be weaker this year than last year, chief executive Liew Mun Leong told the company's annual general meeting yesterday. But the property group still expects all its business divisions including residential, retail and serviced residences to stay in the
        55 words
      • Article
        Lock icon Japan now expects GDP to shrink 3.3%
        44 2 JAPAN'S government will slash its forecast to a 3.3 per cent economic contraction for the year to next March, a government source said, bringing its outlook much more into line with other forecasters. ECONOMY WATCH, PAGE 10
        44 words
      • Article
        Lock icon Mizuho warns of US$5.9b loss for full year
        43 2 MIZUHO Financial Group, Japan's second-largest bank, warned that it would fall to an annual net loss of US$5.9 billion, hit by a sharp decline in its stock holdings and higher bad-loan costs. ASIA-PACIFIC/WORLD, PAGE 14
        43 words
    • Article
      Lock icon Sales of existing homes drop in March
      337 2 LATEST US DATA [NEW YORK] Sales of US previously-owned homes fell in March after jumping a month earlier by the most in more than five years, indicating the market will remain depressed for much of the year. Purchases decreased 3 per cent to
      337 words
    • Article, Illustration
      Lock icon Najib expected to open the door wider
      593 2  -  S JAYASANKARAN Website says foreign ownership ceiling on banks may be relaxed next week By in Kuala Lumpur THE Malaysian government's move to liberalise the services sector on Wednesday was greeted with cautious optimism by analysts yesterday with some expressing the view that
      FILE PHOTO  -  593 words
    • Article
      Lock icon Tiger wins breach of contract case against Swissport
      298 2  -  YEN SREENIVASAN By [SINGAPORE] Tiger Airways has won its case against ground-handler Swissport Singapore for breach of contract after the latter pulled out of Changi Airport prematurely. Swissport, owned by the world's biggest ground-handler Swissport International, was Tiger's exclusive ground-handler at the
      298 words
    • Article
      Lock icon Results today, but more stress in store
      821 4  -  JOYCE KOH Bank tests will show US financial system's resilience but may cause market chaos By in New York IT IS the day of reckoning for the largest banks in the US, as they learn today from regulators whether their institutions can pass
      821 words
    • Article
      Lock icon Acra joins Kian Ho fray, writes to board
      471 4  -  UMA SHANKARI Row over releasing letter written by independent director gathers pace By [SINGAPORE] The Accounting and Corporate Regulatory Authority (Acra) has stepped into the ongoing saga at little-known Kian Ho Bearings upping the ante at the company where a substantial shareholder
      471 words
    • Article, Illustration
      Lock icon PCCW buyout proposal to lapse, says Li
      287 4 Reuters [HONG KONG] Telecom company PCCW said yesterday that it will pay a special dividend and will not move to extend a key deadline for its US$2.2 billion privatisation plan. The announcements come a day after a Hong Kong appeals court blocked the
      Reuters; AFP  -  287 words
    • Article
      Lock icon DBS Vickers offers cash-upfront scheme for online trades
      515 4  -  JAMIE LEE Commission rate set at 0.18%, against the market's 0.28% By [SINGAPORE] DBS Vickers Securities is offering a cash-upfront scheme for clients to trade at commission rates of 0.18 per cent, beating minimum rates of about 0.28 per cent for online
      515 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      105 2 2009 COLLECTION SOPRANO Natuzzi, the leading Italian furniture company, has fashioned its new collection. Create Italian atmosphere in 3-seater sofa available in leather and your home with sofas and armchairs covered in prestigious leathers and original fabrics, all designed and fabric, Boiserie, Drops central table, made in Italy to maximize
      105 words
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      Lock icon Page 2 Advertisements Column 2
      618 2 A BBAHS IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) THE COMPANIES ACT (CHAPTER 50) AND AND IN THE MATTER OF IN THE MATTER OF LAETITIA INVESTMENTS PTE LTD EFFENBERG INVESTMENTS PTE LTD (IN MEMBERS'VOLUNTARY (IN MEMBERS'VOLUNTARY LIQUIDATION) LIQUIDATION) (REGISTRATION NO. *****4422H) (REGISTRATION NO. *****3462D)
      618 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      79 3 BENTLEY Chevrolet JAGUAR REMAULT THE WORLD'S RENOWNED AUTOMOTIVE DRANDS CONGRATULATE OUR DUSINESS PARTNER WBL CORPORATION LTD ON RECEIVING "BEST MANAGED BOARD" AWARD AT SINGAPORE CORPORATE AWARDS 2009 In celebration, test drive any of the above marques* this weekend and present this advertisement to receive a complimentary pair of movie passes.
      79 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1037 4 fEM'.J'.fJI Corporation Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) First Quarter 2009 Financial Statement 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2009 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the first quarter ended
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  • COMPANY NEWS
    • Article
      Lock icon Keppel Q1 net profit increases 9% to $285.3m
      540 5  -  VINCENT WEE O&M division remains as largest profit contributor at 64 per cent By KEPPEL Corp posted a 9 per cent rise in first-quar-ter profit to $285.3 million, from $261.7 million a year ago, despite the the global economic downturn. Revenue was
      540 words
    • Article, Illustration
      Lock icon Choo Chiau Beng is KepLand chairman
      177 5 KEPPEL Corp chief executive Choo Chiau Beng will take over as chairman and director of Keppel Land from May 1. Announcing this yesterday, Keppel Land said Mr Choo will take over from Lim Chee Onn, who will be stepping down as chairman and director
      FILE PHOTO  -  177 words
    • Article
      Lock icon Cap directors' board seats
      691 5  - Cap directors board seats OH BOON PING THE issue of directors holding many board seats has come into focus again. A survey by the National University of Singapore's Corporate Governance Financial Reporting Centre has found that while most directors 84 per cent of listed companies here hold a single board
      691 words
    • Article, Illustration
      Lock icon Aztech posts 33.5% fall in Q1 earnings
      456 6  -  ONG BOON KIAT Company cites fall in electronics business and exchange loss By CURRENCY exchange losses and increased finance costs pulled Aztech Group's first-quarter net income down by 33.5 per cent to $2.08 million compared with a year ago, while revenue fell 1.9
      FILE PHOTO  -  456 words
    • Article
      Lock icon New business boosts Baker Tech Q1 profit
      351 6  -  OH BOON PING By BAKER Technology yesterday reported a significant jump in first-quarter net profit to $6.1 million from $69,000 a year ago thanks to strong contributions from its new business of providing specialised marine offshore equipment and services for the oil and
      351 words
    • Article
      Lock icon CapitaLand expects weaker 2009: CEO
      447 6  -  UMA SHANKARI AGM WATCH But all business segments should be profitable this year, says Liew Mun Leong By CAPITALAND'S financial performance is expected to be weaker this year than last year, chief executive Liew Mun Leong told the company's annual general meeting yesterday. But the
      447 words
    • Article
      Lock icon BBGI dropping 'Babcock & Brown' from its name
      361 6  - BBGI dropping 'Babcock Brown' from its name EMILYN YAP By AFTER a trying year in 2008, Babcock Brown Global Investments Limited (BBGI) is set for a fresh start going by the agenda for its annual general meeting (AGM) today. For one, BBGI is seeking shareholders' approval to change its name
      361 words
    • Article
      Lock icon New properties push up MapletreeLog Q1 income
      377 7  -  EMILYN YAP While income rises 36.1% DPU drops 22.6% because of enlarged unit base By THANKS to additional contributions from nine properties acquired during the past year, Mapletree Logistics Trust (MapletreeLog) ended the first quarter with a 36.1 per cent year-on-year rise in
      377 words
    • Article, Illustration
      Lock icon First Reit Q1 distributable income up 2.5%
      365 7  -  MICHELLE YEO By INDICATING the resilience of the healthcare sector amid hard times, First Reit emerged from its first quarter in positive territory. Singapore's first healthcare real estate investment trust posted a 2.5 per cent year-on-year climb in distributable income to $5.2 million
      FILE PHOTO  -  365 words
    • Article
      Lock icon At a glance
      101 7 Q1 results ended March 2009 NET PROFIT TURNOVER CURRENT PREVIOUS CURRENT PREVIOUS M> CHNG (s m CHNG 1 KeppelCorp 285.29 261.72 9.0 2,977.97 2,211.37 2 Mapletree Log Trust 28.60 21.01 36.1 53.27 42.64 3 China Merchants Hldgs 12.35 15.92 -22.4 5.34 15.84 34.7 24.9 -66.3 4 First
      101 words
    • Article
      Lock icon FCT reports 1.7% rise in Q2 income
      315 7  -  CHEN HUIFEN It expects to sustain income levels despite downturn By DESPITE lower gross revenue, Frasers Centrepoint Trust (FCT) has posted a 1.7 per cent rise in distributable income to $12.2 million for its fiscal second quarter ended March 31. Distribution to unitholders
      315 words
    • COMPANY BRIEFS
      • Article
        Lock icon Beauty China in funding talks
        84 7 BEAUTY China said the exclusivity period granted to a potential financial investor has expired yesterday but negotiations with this potential investor are still ongoing. The company yesterday also initiated discussion with investors who earlier this week had proposed a $32 million rights issue. The investors,
        84 words
      • Article
        Lock icon Profit warning from China Hongcheng
        53 7 CHINA Hongcheng Holdings has issued a profit warning, saying it expects profits for the third quarter ended March to fall significantly year-on-year due to a fall in selling prices and profit margins, although sales volume remained stable. It also suffered higher finance costs because of
        53 words
      • Article
        Lock icon RH Energy expects to post loss in Q1
        80 7 RH Energy said it is expecting to report a loss for its first quarter ended March as it suffers from the adverse impact of the global economic downturn. Revenue in the first quarter of FY2009 will be lower compared with Ql of
        80 words
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      Lock icon Page 6 Advertisements Column 1
      194 6 Contemporary European Design For Modern Living. KELV^S I S^ MANI |£\TrSnT*ffl sf\ n Over S Million Dollar Jewellery Iniemon DUST 1! LIQUIDATED! El U/n I I This property shall be offered at this one day auction. Items obtained from govt. /I ftftrt auctions plus the addition of goods which constitute
      194 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      21 7 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. (Tw Call 1800 289 8822 or email notices@sph.com.sg. NOTICES X
      21 words
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      Lock icon Page 7 Advertisements Column 2
      266 7 Beduu FLvav jßerPr& Wits SteJy 7rv. I pill RAFFLES HOTEL, RAFFLES HOTEL LE ROYAL, RAFFLES GRAND HOTEL SINGAPORE PHNOM PENH, CAMBODIA D'ANGKOR, SIEM REAP, CAMBODIA When in Asia, let us pamper you with these enchanting extras, along with the finest hospitality. Stay at least 2 consecutive nights from now until
      266 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rides on hopes of US rebound
      603 8  -  R SIVANITHY STOCKS Short-covering, programme buying push index to 1,860; traders continue to show preference for penny stocks THE Straits Times Index, which fell 44 points on Wednesday ahead of Wall Street's fall later that day, yesterday rose 16.57 to 1,859.98, most probably
      Bloomberg  -  603 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 4 4 0 0 0 8 4 4 lanufacturing 58 42 54 65 46 62 Commerce 25 13 15 26 18 17 'pt/Stor/Comms 17 15 19 15 :inance 13 13 Construction 'roperties 20 12 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 21,577 21,577 60,812 60,812 lanufacturing 466,825 17,177 484,002 303,742 525 304,268 lommerce 119,255 4,785 124,040 68,115 618 68,732 "pt/Stor/Comms 105,525 822 106,347 163,509 35 163,543 :i nance 40,919 40,919 245,951 245,951 lonstruction 45,626 4,884 50,510 5,810 49 5,859 'roperties
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 8 Capita Land 2.650 -0.050 Noble Grp 1.250 +0.020 lapitaMal 1.220 -0.010 OCBCBk 5.560 +0.070 lityDev 5.830 +0.070 Olam 1.630 +0.070 lomfortDelGrc 1.350 +0.010 S IA 10.820 +0.220 Iosco Corp 1.060 +0.010 SGX 6.020 +0.110 IBS Grp 9.030 -0.020 SIA Engg 2.000 +0.060 :&N 2.600 +0.010 SMRT
      103 words
    • Article
      Lock icon BROKERS' TAKE
      871 8  -  LYNETTE KHOO Keppel Land April 23 close: $1.88 DMG PARTNERS SECURITIES, April 23 KEPPEL Land posted a 38.8 per cent y-o-y (-46.2 per cent q-o-q) dive in Ql 2009 PATMI to $36.9 million, below our estimates and the street's (15.9 per cent of DMG's and 19.8 per cent
      871 words
    • Article, Illustration
      Lock icon US dollar slips, some others shaky too
      520 8  -  LARRY WEE CURRENCIES WALL Street held up relatively well overnight despite a stark warning on the global economy from the International Monetary Fund, and currency traders celebrated by pushing the US dollar back down versus a host of other currencies. Counterparts such as
      Reuters  -  520 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Apr 23 VALUE CLOSE BT OB/OS 732.00+158.0 BT CADI -*****.00 +62.0 BT 10-day MA -*****.00 +73.00 FTSE ST Mid Cap 384.99 +5.34 FTSE ST Small Cap 313.14 +1.71 FTSE ST All Share 446.11 +4.23 FTSE ST China Top 177.67 +0.65 FTSE ST China 173.79 +0.82 UOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Golden Agri 145,155,000 Chart SemiCond 113,513,000 IndoAqri 85,122,000 Gent Intl 58,323,000 Sino-Env 48,666,000 Sunmoon 41,438,000 Capita Land 40,247,000 China Honqxinq 35,229,000 RafflesEdu 33,630,000 Wilmar 29,478,000 VALUE(S) DBS Grp 126,616,375 Capita Land 107,588,885 Wilmar 103,624,575 IndoAqri 78,206,400 Sing Tel 72,563,480 Golden Agri 54,124,090 OCBC Bk 50,956,410 UOB
      58 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP 1456 86.0 6.3 STXPO 100 GLD 10US$ 8782 84.2 0.6 MS India 10US$ 869 43.6 3.5 China H 10US$ 1158 42.1 2.5 Tri-M 100 40.0 66.7 JSH 1094 27.1 1.7 SIA 200 1084 26.0 2.5 ISMSCI India 100 397 22.6 3.9 India Ni 10 1015
      106 words
    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN 6788-273.6 -2.6 DBXT Ni 10US$ DBXT FTChina25 10US$ 2226 -93.2 -2.7 OCBCO 5.1%NCPS 100 8800 -80.0 -0.9 DBXT S&P Short 10US$ 7508 -75.2 -0.7 WBL Con 337 -21.0 -5.9 Jardine C&C 1330 -18.0 -1.3 lanBNPeCW/***** 55.5 -9.5 -14.6 landDBeCW/***** 32.5 -8.5 -20.7 DBS BNP ePW*****7
      121 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 8 Apr 23 %CHNG CLOSE FR Apr 22 YR2009 S$ LOW S$ HIGH USS 1.5031 0.30 1.5579 1.4308 Euro 1.9635 -0.78 2.0732 1.9150 Pounds 2.1896 0.05 2.2712 2.0356 AS 1.0652 -0.40 1.1100 0.9453 Yen* 1.5307 0.23 1.7278 1.4831 Rupiah* 0.***** 0.58 0.***** 0.***** Baht* 4.2317 0.07 4.3390
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  • SINGAPORE NEWS
    • Article
      Lock icon UK pushing for more tourists
      445 9  -  NISHA RAMCHANDANI It plans to use 2012 Olympic Games to showcase Britain, lift travel experiences By I THE weakened pound sterling may have persuaded more Singaporeans to head for Britain last year but British tourism authorities are not resting on their laurels. Visitßritain chairman Christopher
      445 words
    • Article
      Lock icon Visitor arrivals in March slide 13.2%
      327 9  -  NISHA RAMCHANDANI dada`By THE tourism outlook remains gloomy, after visitor arrivals in March slumped 13.2 per cent year on year to 790,000. Visitor days also fell. At three million, they were 11 per cent lower than in March last year. Indonesia (128,000 visitors), China
      327 words
    • Article, Illustration
      Lock icon Universal S'pore starts hunt for stars in 11 cities
      280 9 UNIVERSAL Studios Singapore will hold auditions in 11 cities to find the best stunt performers, puppeteers, singers and celebrity look-alikes, starting April 27 in Singapore before heading to Melbourne, Manila, Hollywood and beyond. The aim is to provide top theme park
      ZAOBAO  -  280 words
    • Article, Illustration
      Lock icon Prevention's better than coup
      524 9  -  LEE U-WEN COMMENTARY Other organisations can learn from the Aware saga by having safeguards in place THE past few weeks have been a turbulent time for the Association of Women for Action and Research (Aware), which found itself mired in controversy after a sudden leadership change.
      524 words
    • Article
      Lock icon Guide for media start-ups out today
      264 9  -  MICHELLE YEO By A MEDIA Entrepreneurs Guide to Singapore with a detailed list of funding sources for media entrepreneurs will be launched today. The guide is the result of a partnership between Expara, a business facilitator for interactive digital media companies, Business Angel Network
      264 words
    • Article
      Lock icon March inflation eases to 1.6%, a 21-month low
      368 9  -  JOYCE HOOI Rise due to higher costs of housing, food, health care By SINGAPORE'S inflation rate continued to ease last month, with the consumer price index (CPI) rising 1.6 per cent year on year a 21-month low. The rise, which was in
      368 words
    • Article
      Lock icon S'pore-Hungary R&D projects get funding
      162 9 FOUR new research projects that could result in better healthcare delivery received grants at the second Singa-pore-Hungary joint symposium yesterday. Awarded by Singapore's Agency for Science, Technology and Research (A*Star) and Hungary's National Office for Research and Technology (NKTH), the grants will finance research into
      162 words
    • Article
      Lock icon Green logistics the way to go
      275 9  -  ZEINAB YUSUF By GOING green has long been the mantra of environmental activists. And now the move towards sustainablity and environmental friendliness has caught on in industry. The maritime industry has been stepping up efforts to reduce its carbon footprint through various regulations, such
      275 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan now expects GDP to shrink 3.3%
      509 10 Reuters Downgrade from zero growth will bring it in line with other forecasters [TOKYO] Japan's government will slash its forecast to a 3.3 per cent economic contraction for the year to next March, a government source said, bringing its outlook much more into
      – Reuters; BLOOMBERG  -  509 words
    • Article
      Lock icon New York bans placement agents for pension fund
      414 10 Reuters Biggest impact likely on small private equity firms that lack staff and budget [NEW YORK] Private equity firms, squeezed by the credit crisis, will find themselves under more pressure after New York State barred the use of middlemen to help them
      Reuters  -  414 words
    • Article
      Lock icon Banks pledge US$90b for Latin America
      359 10 Reuters Aim is to help region through looming recession [NEW YORK] Leading multilateral development banks pledged on Wednesday to lend up to US$9O billion to Latin America in the next two years, helping the region fight a looming recession with as much counter-cyclical policies
      Reuters  -  359 words
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      61 10 23 26 APRIL 2009 MARINA AT KEPPEL BAY 9PM {THUR SAT) 12 7PM (SUN) M WWW.BOAT-ASIA.COM J "^5 ejifc---^—^^^^ g I 11 Produced by In Partnership with Gold Sponsor lAjsstyle Sponsors Official Car Official Hotel jWJ m. R 3 S!!l<s*£ MOVENPiCK' XTRA snj.^, Official Card Supported by Held In Official
      61 words
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      Lock icon Page 10 Advertisements Column 2
      874 10 PT BERLIAN LAJU TANKER Tbk f^ Domiciled in Jakarta ("The Company") We hereby announce that the Annual General Meeting of Shareholders of the Company which was held on 22 April 2009, at The Ballroom, Four Seasons Hotel, Jakarta, have resolved the following resolutions I. 1. Approved and accepted Annual Report
      874 words
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      Lock icon Page 10 Advertisements Column 3
      19 10 Head to CATS FASTADS in The New Paper for education options! WATS f BUY IT-SELL IT-FIND IT S 3
      19 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon YTL building RM2.5b IT network
      425 11  -  PAULINE NG Nationwide mobile Internet network aims to land 14 million subscribers By in Kuala Lumpur MALAYSIAN conglomerate YTL group plans to invest RM2.5 billion (551.04 billion) for the nationwide roll out of its mobile Internet network, which is due to be completed in 14
      AP  -  425 words
    • Article
      Lock icon Kalla pulls out to run against Yudhoyono
      532 11 Reuters President likely to form reform alliance with Islamic parties [JAKARTA] Indonesian President Susilo Bambang Yudhoyono is likely to form a re form-driven alliance with Islamic parties after his vice-president, Jusuf Kalla of Golkar, broke off coalition talks to challenge him for the
      Reuters  -  532 words
    • Article
      Lock icon Petronas offered chance to help develop Natuna field
      342 11 Reuters [JAKARTA] Indonesia has offered Malaysian state energy firm Petronas a chance to participate in developing the country's giant Natuna D-Alpha gas field, Malaysian Prime Minister Najib Razak said yesterday. Indonesia's government has appointed state oil firm Pertamina as the operator of
      Reuters  -  342 words
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      362 11 A SATS IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND AND IN THE MATTER OF IN THE MATTER OF KENYON MECHANICAL PTE LTD KENYON INTERIOR CO REG NO: *****2262 C CONSTRUCTION PTE LTD [INCORPORATED IN SINGAPORE) CO REG NO:
      362 words
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      13 11 ffl ARMANI C ASA 328 NORTH BRIDGE ROAD, RAFFLES HOTEL ARCADE, #01-33/34, SINGAPORE
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Millions vote in second phase of Indian elections
      459 12 Reuters [GUWAHATI] Tens of millions of Indians voted yesterday under the shadow of violence and an economic slowdown in the second stage of a month-long general election that could throw up a weak coalition. Hundreds of thousands of police guarded some 200
      – Reuters; AP  -  459 words
    • Article
      Lock icon Indian rate cuts may avoid rekindling inflation
      350 12 Bloomberg [NEW DELHI] India's inflation held near a 27-year low, suggesting the central bank's six interest rate cuts since October may help spur growth without rekindling inflation. Wholesale prices rose 0.26 per cent in the week to April 11 from a year earlier
      Bloomberg  -  350 words
    • Article
      Lock icon Beijing's stimulus plan starts to bite
      475 12 Bloomberg Economy to rebound as govt investment peaks, says nation's top fund manager [BEIJING] China's economy will rebound from its slowest growth in almost a decade as government investment peaks and property and vehicle sales remain brisk, according to China's best-performing fund manager this
      – Bloomberg  -  475 words
    • Article
      Lock icon Rising surplus puts pressure on Beijing to find $ alternative
      338 12 Rising surplus puts pressure on Beijing to find alternative Bloomberg [BEIJING] China's trade surplus will swell to a record US$325 billion this year, boosting its foreign-ex-change holdings and adding pressure on the central bank to find an alternative reserve currency to the US dollar, ING Groep NY said. The gap
      Bloomberg  -  338 words
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      2377 12 w GBAFS JL^I V/ JL X^^JLjLJ Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg O- IN THE MATTER OF A THE COMPANIES ACT, CAP. 50 SING INVESTMENTS FINANCE LIMITED Z24£\ AND ITS SUBSIDIARY COMPANY p. m^^^umi V Incorporated in Singapore. Registration Number: *****0348 D Notice of resolutions' IMPORTANT BOARD OF DIRECTORS At
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Asian premium for Middle East oil dwindling
      518 13 Reuters Surging demand, competing supplies improve region's pricing leverage [SINGAPORE] For decades, Middle East oil producers have had their Asian customers over a barrel: With few alternatives to Gulf crude and little bargaining power, they paid up to US$6 more for their oil
      – Reuters; AFP  -  518 words
    • Article
      Lock icon Kirin makes buyout offer for Lion Nathan
      319 13 Reuters Deal for the 53.9% stake in Aussie firm may total As3.3b [MELBOURNE] Japanese brewer Kirin Holdings is seeking a buyout of Australia's No 2 brewer Lion Nathan in a deal shareholders said could be worth at least A 53.3 billion (553.5 billion).
      – Reuters  -  319 words
  • Page 13 Advertisements
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      42 13 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY GOLD RUSH Will the economic crisis affect Akshaya Tritiya jewellery shopping on April 27? EXCLUSIVE FOR tahlat READERS WIN 2 TICKETS TO WATCH ft# THE MUMBAI INDIANS IN SOUTH AFRICA, m, COURTESY OF JF MASTERCARD
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      132 13 HeelS that thrill! Shoes like you've never i r- Level 2 Atrium seen before. lunction 8 1 Highlights: Singapore International Racing Festival H°fSeSflSSii Pin am* 26 April-17 May 2009 Launch Ceremony The excitement never lets up! Join us at the unveiling of at 2 pm Fashionista Horseshoes! These 10 fibreglass
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Mizuho warns of US$5.9b loss for full year
      498 14 Reuters Annual loss will be its first in six years and 4 times larger than expected [TOKYO] Mizuho Financial Group, Japan's second-larg-est bank, warned that it would fall to an annual net loss of US$5.9 billion, hit by a sharp decline in
      ■ Reuters; BLOOMBERG  -  498 words
    • Article
      Lock icon Chrysler lenders receive counter-offer to reduce debt
      457 14 Bloomberg, AP [NEW YORK] The US Treasury is asking Chrysler's secured lenders to reduce their debt to US$l.5 billion from US$6.9 billion in exchange for a 5 per cent equity stake in the vehicle maker, a person familiar with the negotiations said. The
      Bloomberg,; AP  -  457 words
    • Article
      Lock icon Credit Suisse Q1 results cheer
      359 14 Reuters Profit of 2b francs is double analysts' expectations [ZUßlCH] Credit Suisse beat forecasts with its quarterly profit yesterday, offering markets some relief after news of heavy losses suffered by top US and Japanese financial firms fanned fresh worries about the sector's health. Switzerland's secondlargest
      Reuters  -  359 words
    • Article
      Lock icon Barclays to resume payouts after good Q1
      480 14 Reuters [LONDON] British bank Barclays pic said its first-quar-ter financial performance was well ahead of the same period last year, and confirmed it intends to resume paying dividends in the second half of 2009. "We've had a good start to the year," Barclays
      Reuters  -  480 words
    • Article
      Lock icon Apple Q2 profit beats Wall Street forecasts
      377 14 -NYT Continued demand for its portable devices kept sales from dipping substantially [NEW YORK] Apple's second-quarter profit, driven by strong sales of iPhones and iPods, beat Wall Street's expectations despite the gloomy economy. The company said on Wednesday that continued demand for its
      -NYT  -  377 words
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      84 15 The Board of Directors of f/v Boustead Singapore Limited would like S// to congratulate our Chairman Group CEO, //r Mr Wong Fong Fui /M on being awarded u Chief Executive Officer Of The Year 2008. 111 Market capitalisation of $300 million to less than $1 billion. mil We salute him
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      151 16 ■ft' f V 7 VH w* |MHbM> H^^" J SEt^L HUMMtak (^3 s^Z. ,^K?f 5 ~*~^2-M^+* .^J^*^ g mT^^C^- —^^^^^H^ Ptf *H^^^^. lll«Mii*«»l/lliMllliMlWllilW"l*i*iZ^^mTTm^FTmTmMmS/STJmi MiWrnmTMTMUmMm i/ |t_ H^lßlßt^lMM^iMM—ilßiß^ißlß/h*»BiBMiIMmIBJ j*^3B^^^^^^^^^ f H^Hl vT" Hk^fl \i H^hT m M 4^^^ hT m ™H- fIVJ a I M m fl #HH ■hWHW hT HHT
      151 words
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  • MANAGING THE CRISIS
    • Article, Illustration
      Lock icon Obama pushes US to be clean-energy leader
      476 17 Reuters,. WT He renews call for system to cap greenhouse gases, pushes for more renewable energy [NEWTON, lowa] President Barack Obama said on Wednesday that the United States must lead the world on renewable energy. "It is time for us to lay a
      – Reuters,.; WT; AFP  -  476 words
    • Article
      Lock icon Japan businesses revamp in face of falling exports
      495 17 -NYT They shift factories abroad, consolidate, switch to services [TOKYO] Faced with continued sharp declines in exports, Japanese companies have begun to take some steps to retool their businesses. Japanese exports dropped 45.6 per cent last month from a year ago, government
      -NYT  -  495 words
    • Article
      Lock icon UK Budget ends New Labour era as taxes rise
      854 17 Bloomberg ANALYSIS Brown delays costs of cutting whopping deficit until after next election [LONDON] Prime Minister Gordon Brown's Budget for the year leading up to the next election marks the end of the era known as "New Labour." By slapping a
      – Bloomberg  -  854 words
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      1229 17 V<27 rT/A^FTinrr Tollfree:1800-289-8822 W IVI I I k( V Email: notices@sph.com.sg J_ V^>/ J_ J_ V_> 1> kj www.cats.com.sg IN THE MATTER OF TH rnA IS A T MiE P Jfff^rSTn-pp «n THE companies act, cap. so in the matter of -mt AND AND THECOMPAMESACT,CAP.SO THE COMPANIES ACT, imtucu*™™ inthematterof
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon One-third of global airlines may defer plane deliveries
      470 18  -  YEN SREENIVASAN Securing financing main snag; but some budget airlines may want early delivery By [SINGAPORE] Airlines big and small are finding it much harder to get finance. And almost a third of them worldwide are considering deferring delivery of new planes
      470 words
    • Article, Illustration
      Lock icon Boeing lowers 2009 profit forecast less than expected
      790 18 [NEW YORK] Boeing lowered its 2009 profit forecast less than analysts had predicted, reaffirming the year's delivery schedule even as the recession prompts airlines to defer orders and forces the planemaker to further delay a model. The company's shares rose on Wednesday
      Bloomberg; J AFP  -  790 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 18 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.32 0.18 1.06 0.39 0.95 0.43 0.05 0.47 0.32
        101 words
      • Article
        Lock icon KLSE
        32 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 0.70 8.50 8.55 3.00 unch 0.02 unch 0.05 unch -0.36 unch unch 11" 108 127( no: i 95'
        32 words
      • Article
        Lock icon BANGKOK
        12 18 '00 ■recious Ship Jegional Cont 12.80 6.70 0.30 0.20 412! 751
        12 words
      • Article
        Lock icon HONGKONG
        11 18 '000 Doil iingamas Cont 22.75 0.50 1.55 184! 0.01 *****
        11 words
      • Article
        Lock icon PHILIPPINES
        20 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 12.50 unch unch unch -0.25 unch unch 160( 41(
        20 words
      • Article
        Lock icon TAIPEI
        21 18 Evergreen Marine ....17.20 :irst Steamship 45.90 ManHai Lines 15.65 r"ang Ming Marine ..12.45 -0.10 3.00 0.40 0.25 r 1: 2;
        21 words
      • Article
        Lock icon TOKYO
        42 18 '000 (awasaki Hvy Ind ..215.00 (awasaki Kisen 416.00 Mitsubishi Hvy 326.00 i/litsui Eng&Sbldg ..202.00 i/litsui Osk Lines 630.00 Nippon Express 341.00 Nippon Yusen 441.00 'iource: Thomson Reuters 8.00 3064! -3.00 70& 6.00 1804: -1.00 567' -2.00 ***** -1.00 344< -8.00 766:
        42 words
    • Article
      Lock icon China Cosco to delay ship orders after H2 loss
      426 18 Reuters [HONG KONG] China Cosco, the world's largest dry bulk shipper, posted a big-ger-than-expected sec-ond-half loss and said it was in talks to delay or cancel some new ship orders to help weather the market downturn. The country's largest shipping group
      – Reuters  -  426 words
    • Article
      Lock icon Boat Asia show features 18% more vessels
      434 18  -  VINCENT WEE It also showcases luxury lifestyle items despite global slump By [SINGAPORE] Marina at Keppel Bay's partnership with Boat Asia show organiser TMX Show Productions has proved to be a successful one, with the major regional boat show returning to the prime
      434 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2563 18 AIRLINE CODES: AA American A' ne AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Ai ■es (AZA), BA British Airways Public Ltd Co (BAW), BG 8,,,,u,, u.,, y ,.desh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq
      2,563 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Two states or an apartheid system?
      473 19 THE "two-state solution" to the Israeli-Palestinian conflict, which envisions two separate states, one Jewish and the other Arab, has been embraced by the key parties to the conflict and the international community, since Palestine Liberation Organization (PLO) chairman Yasser Arafat and Israeli prime minister
      473 words
    • Article, Illustration
      Lock icon What's next for global energy trends?
      961 19  -  SANJEEV GUPTA One can expect to see a greater drive toward energy efficiency with the rise of cleantech By and DAWN LEO BY 2030, the world's energy needs are likely to be more than 50 per cent higher than it is today, with oil
      AP  -  961 words
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      Lock icon US has bigger fish to fry than China currency issue
      752 19  -  FRANK CHING THE BOTTOM LINE AS a presidential candidate, Barack Obama repeatedly accused China of manipulating its currency to gain a trade advantage and promised to pressure Beijing to change its ways if elected. But now, the Obama administration has
      752 words
    • Article, Illustration
      Lock icon Bailout fatigue starting to show
      976 20  -  LEON HADAR Congress and citizens alike are becoming dissatisfied with Washington's piecemeal rescues of big financial institutions DURING his much anticipated testimony on Capitol Hill this week, US Treasury Secretary Timothy Geithner indicated that most of America's banks had sufficient reserves on hand to cover
      AP  -  976 words
    • Article, Illustration
      Lock icon It's bad, but it's not the 1930s again
      870 20  -  ROBERT SAMUELSON THE Great Depression of the 1930s was the most momentous economic event of the 20th century. It was a proximate cause of World War 11, having fed the Nazis' rise in Germany. It inspired a new American welfare system as
      AP  -  870 words
    • Article
      Lock icon Britain's fantasy budget
      526 20  -  LAN CAMPBELL P breaking .com By ALISTAIR Darling's budget task was daunting enough to evoke pity. The UK Chancellor had to reassure investors that Britain isn't going bust, but do so without taking too much money from beleaguered taxpayers or out of an economy in deep recession.
      526 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8503 21 Transaction date: Apr 23 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi! Com| >ari] 8.5 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 17.5 5.5 1938
      8,503 words
  • Page 21 Advertisements
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      25 21 Uk still in excellent shape Le maitre de I'horlogerie depuis 1875 I* a4il :^r4/:»f B^P^ 1 I ,^^^^r For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com
      25 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX CATALIST
      1587 22 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 20 5 1181 s AAGrp 32 13 8538 t APStrategic 4 05 1501 s Advanced System 14 2 3480 t Adventus 28.5 8.5 3518 s Afor 17.9 2 1524 t Alantac 19.5 3.5 7814
      1,587 words
    • Article
      Lock icon SGX ETF
      329 22 Hi. Low Code Comi Sale C000) Hi. Low Bm Seller C'vr P/E >mil 108 100 6389 ABFSG Bond ETF 982 427 CIMBAsean40 1OOUS$ 195 149 DBS STIETF100 2288 1682 DBXT FTChina25 10US$ 3232 3228 DBXT FTVietnam 10US$ 1104 850 DBXT MSTaiwan 10US$ 6970 5220 DBXT Nifty 1OUS$ 9613
      329 words
    • Article
      Lock icon CLOB INTERNATIONAL
      254 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale COOP) High Low Buyer Seller C'vr P/E Sinil 72.2 20 6000 AVJennings A 35.5 35 36 3.6 9.9 2.8 92.1 11 4 6134 Over&Gen A 8 1.2 24.5 6 6017 Star Cruises
      254 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9206 22 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.608/ AIGIF S'pore Bond Fund/ A 1.212/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.81/ APS Alpha Fund (USD)!** 0.54/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5053/ APS Komaba
      9,206 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change >r 22 World Index Preliminan 652.0 1.0 -3.8 1.0 -1.6 1.1 -5.' EAFE Preliminai 622.1 0.9 -4.2 1.0 -4.4 1.1 -8.! Euroi Preliminan 861.8 1.4
      366 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 23 As at 9am Apr 23 Singapore dollars to one unit of foreign currency: Currencies Bid Offei Aust dollar 1.0550 1.0871 Can dollar 1.2080 1.2221 Euro 1.9470 1.9681 NZ dollar 0.8300 0.8481 Sterlini ind 2.1690 2.1941 US dollar 1.4970 1.5141 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon INTERBANK RATES
      173 23 Aor23 Offer Bid Overnight 5/32 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.08 US$ Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.55 0.95 1.21 1.80 2.10 2.30 Offer 0.25 0.45 0.65 0.90
      173 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 23 Apr 23 STI SIMSCI A[ 219.9 223.6 222.6 Taiwan At 216.4 217.1 216.7 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 23 Apr 23 Bid Offer 1-month 1.5033 1.5049 2-months 1.5031 1.5048 3-months 1.5028 1.5045 6-months 1.5023 1.5041 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      60 23 Apr 23 Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low May 09 2635 Jun 09 2543 Jul 09 2467 AugO9 2417 Total o/p: ***** contracts 2735 2735 2620 2620 2657 2533 2580 2586 2455 2520 2522 2396 Turnover: ***** Market tone: Higher
      60 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      303 23 Apr 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 98.9400 98.8750 98.6500 98.5200 4672 3143 4131 2438 EUROYEN TIBOR FUTURES JunO9 99.450 99.455 SepO9 99.525 99.525 DecO9 99.505 99.505 Mar10 Jun10 99.460 99.460 Sep10 Dec10 Mar11 99.450 99.525 99.505 99.460 99.455 99.490
      303 words
    • Article
      Lock icon SICOM FUTURES
      180 23 Apr 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) May 09 157.5 JunO9 Jul 09 Aug 09 Sep 09 157.0 Oct 09 157.0 157.0 158.0 158.0 158.0 158.0 158.0 157.0 60 120 120 20 608 895 968 822
      180 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      91 23 Apr 23 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Day's |h Low Hi< 3-Month BQ*****N 23.07.09 1-Year BY*****V 02.11.09 0.25 0.35 0.18 0.18 0.27 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875
      91 words
    • Article
      Lock icon CHICAGO BOT
      102 23 I Apr22\ (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 1046.00 1038.00 1051.00 1035.25 Jul 09 1039.00 1033.00 1045.00 1029.25 Aug 09 1015.00 1013.00 1021.75 1009.50 SepO9 967.50 971.00 978.00 962.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 36.09 36.13 36.49 35.94 Jul
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Apr 22 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 49.61 -0.18 WTI (Near Mth) 47.80 0.85 Dubai (1-Mth F) 48.45 -0.43 Tapis blend 53.65 1.45 Minas 51.25 -0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.42 57.30 0.37 -0.05 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      463 23 Apr 23 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.877 4.831 0.543 5.482 35.488 77.402 0.694 9.536 2.569 1.269 56.995 34.384 1.064 6.302 0.825 23.914 25.143 0.486 0.707 Canada 1.140 5.507 0.620 6.250 40.456
      463 words
    • Article
      Lock icon SIBOR
      76 23 Apr 23 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 23 Apr 23 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0631 1.0649 0.7071 0.7076 Canadian dollar 1.2122 1.2136 0.8063 0.8065 Euro 1.9567 1.9589 1.3015 1.3017 NZ dollar 0.8378 0.8394 0.5573 0.5578 Sterling md 2.1880 2.1908 1.4554 1.455!
      158 words
    • Article
      Lock icon PRECIOUS METALS
      144 23 Apr 23 GOLD (USS/oz) Apr 22 Apr 23 Hong Kong London 884.10 890.60 885.10 891.60 Apr 21 Apr 22 881.40 885.35 882.90 886.55 Source: Thomson Reuters CAST BAR (S$) Apr 23 Buying Sellini Kilobar "46,601.71" ***** PAMP GOLD BARS (S$) Selling Buying rini 1gm 5gm 10gm 20gm 50gm
      144 words
    • Article
      Lock icon LONDON METALS
      70 23 Apr 22 minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1431.00 1421.25 3 months 1468.00 1458.00 Copper, Grade A (US$/tonne) Cash 3 months 4549.00 4540.00 4510.50 4507.00 Lead (US$/tonne) Cash 1467.00 3 months 1460.00 1472.00 1462.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      71 23 Apr 22 (£/tonne) Close Prev Hii ih/Low May 09 1792 unch 1802/1771 Jul 09 1740 1745 1757/1727 SepO9 1730 1735 1745/1720 Dec 09 1729 1733 1743/1719 COFFEE (US$/tonne) Close Pev High/Low May 09 1498 1494 1508/1464 JulO9 1499 1480 1510/1461 SepO9 1505 1487 1508/1470 SUGAR (US tonne) White Close
      71 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2365 23 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left >058AdvanceModulesGrpW*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 1481 Asia Water Tech Ltd W*****0 ..18.5 5816 #Asiasons Capital Ltd W*****7 5 unch 126 !756# Asiatic Grp(H) Ltd
      2,365 words
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      3053 24 m The Business Times Shipping Times m KsPvl WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M f^v f^^^V ».%.E SiMWoE'mjTOfjll %TxLl\ lAf A M UAI I llirr TEL *****588 (14 LINES) FAX: *****163 1 X. -I/" 1I M fITEjTI^B «Sl!Eil!n!n!nV!qSrPinf9 iBPwSpPwSIT!MW'Sii'PiB \\^^tt I WAN HAI INt PHI TEL: (03) *****58S
      3,053 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      2848 25 FSVHBB9EI^B9IH^H I inn eastern car liner, ltd i nj§ 2?®ifs^ I specialize in roro heavy lift UPTO 450 tons~| I WEEKLY EXPRESS SAILING SCHEDULE I I ULftCACESKY 7" 30 w/05 vissiL IWT I slw I m(INPOM) I [MBIJQ2) I NSAINSIQ) IRISL, ASIA/MED EXPRESS SERVICE (AMX) =8= HiF it H 1
      2,848 words
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  • WGS/WINE
    • Article, Illustration
      Lock icon Celebrating the oeuvre of the old guard
      757 26 Every single dish from chef Regis Marcon oozes warmth, depth and a near-obsession with intense yet light flavours, reports JAIME EE AT THE rate the Michelin guide is spreading across the world, the coveted star depicting culinary brilliance may well be losing its
      757 words
    • Article, Illustration
      Lock icon Make time for funky dessert creations
      586 26  -  JAIME EE By HE'S the guy who perhaps single-handed-ly put Spain on the map of designer chocolate a funky dessert artisan who paid his dues working for culinary auteur Ferran Adria and whose name is uttered in the same breath as the likes of
      586 words
    • Article
      Lock icon Chateau Leoville Poyferre: Back with a vengeance
      1042 26  -  N KYONG By CHATEAU Leoville Poyferre, Second Classified Growth, Saint Julien, used to be un-der-estimated and largely ignored. One of the three Leoville Chateaux which had been carved out of the original Leoville estate it had enjoyed a great reputation in the second
      1,042 words
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  • ARTS
    • Article, Illustration
      Lock icon Showcasing the best in creativity
      677 27 A collection of imperial Chinese cloisonne enamel pieces here demonstrates the evolution of the technique, reports CHEAH UI-HOON WHO hasn't seen too much of cloisonne figurines and trinkets selling at souvenir shops here and in Chinese cities, if not in Chinatowns the world over? To
      677 words
    • Article, Illustration
      Lock icon Death as a child sees it
      412 27  -  CHEAH UI-HOON By AWARD-WINNING playwright Chong Tze Chien admits to having a fascination with death. "It's a pet theme of mine that constantly surfaces in my plays," he notes. Death and mortality is heart-wrenchingly present in his latest play, Poop, for The Finger Players,
      MAKE DESIGN  -  412 words
    • Article, Illustration
      Lock icon Gone but not forgotten
      500 27  -  AMANDA DE GUZMAN By MOST people conflate images of cemeteries with death and grief. Sharon Cheah is not one of them. "I think there are two views people hold towards cemeteries. One group sees them as morbid; the other sees them as peaceful, pretty places," says
      JOHN HENG  -  500 words
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      Lock icon Views of the silenced Muslim majority
      595 27  -  SAID ABDULLAH Who Speaks For Islam?: What A Billion Muslims Really Think By John L Esposito and Dalia Mogahed Gallup Press Publication Pages: 204 Price: $45.00 Rating: A Reviewed by ISLAM, the Arabic word, is derived from the root word salaam which means peace.
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      515 27 Classical concert with a difference J"^^^BC AN annual affair which draws new audiences keen to learn more about the richness of Chinese classical music, the Singapore Chinese Orchestra's (SCO) Casual Classical concert this year promises to be another entertaining and I educational event. With a programme featuring versatile local performer
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  • ENTERTAINMENT
    • Article, Illustration
      Lock icon Thriller that just doesn't add up
      523 28 CINEMA The International has high-wattage stars, gritty international locales and a plot that's full of twists but the movie still fails to deliver, says AMANDA DE GUZMAN ONE thing that The International has going for it is timeliness. After all, there is no more
      AFP  -  523 words
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      Lock icon Cloyingly sweet confection of a film
      426 28  -  AMANDA DE GUZMAN By MAGIQUE!, helmed by French director Philippe Muyl, is a film caught betwixt and between an adult world of love and loneliness and a child-like realm of fantasy and imagination. In conflating these two demographics, it recalls another movie with the
      426 words
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      Lock icon Fancy a blur of action from start to finish?
      501 28  -  JAIME EE DVD REVIEW By, DON'T get mad, get even. And it sure helps when you're a secret agent armed with a handy arsenal of weapons, sports cars and unarmed combat skills in order to vent your frustrations on not-so-inno-cent bad
      501 words
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      Lock icon Poorly executed rip-off
      531 28  -  CHRISTOPHER LIM GAMING By WHAT do you get when you cross Grand Theft Auto (GTA) with The Godfather movie franchise? A poorly executed copycat. The only thing the new The Godfather II game has in common with the movie it's based on is the Mafia accents in
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  • Page 28 Miscellaneous
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      186 28 CRYPTIC CROSSWORD ACROSS 26 Bribe the clergy to provide waterproof material (8) 8 It will inform you if more Across: 1 Pastorale, 9 Equate, 10 snow is about (8) Accompany, 11 Airman, 12 Relief DOWN 13 Snack bar? (9) ma P' 3 Rocket' 17 Am/ 19 2 Hired hands, (6)
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  • PROFILE
    • Article, Illustration
      Lock icon Natural born teacher
      1525 29 GEOFFREY EU sits in on one of filmmaker Oliver Stone's directing workshops here and talks to him about his movies and political beliefs IT'S quiet on the set in Sound Stage 2 at the Tisch School of the Arts Asia (TSAA), and all eyes are on an
      JOHN HENG  -  1,525 words
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      Lock icon Building a puzzle of different points of view
      743 29  -  GEOFFREY EU 'Cinema cannot change reality the only thing it can do is help people think. This is a good beginning/ Amos Gitai (above) By BEFORE he became a filmmaker, the Israeli director Amos Gitai wanted to be an architect like his
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  • MUSIC
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      Lock icon Digital music playing fresh tune
      889 30 Web stores, mobile music services are pushing boundaries, says CHRISTOPHER LIM THIS is a confusing time for the digital music industry. The owners of Bit Torrent website The Pirate Bay have been sentenced to jail for copyright infringement, but Google has been allowed to launch
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      Lock icon What dreams may come
      669 30  -  CHEW XIANG By THERE are two central ideas in the world premiere next Wednesday of Dreams, a concert featuring Franco-Swiss cellist Ophelie Gaillard accompanied by the CIC Chamber Orchestra, an ensemble of young French musicians created for the occasion French bank Credit Industriel et Commercial is
      669 words
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      Lock icon Raw Jazz a must-listen for jazz lovers
      487 30 CD REVIEW Raw Jazz Hanjin Tan The Invisible Men Rating: B+ By CHRISTOPHER LIM IF you glanced at the Commercial Radio Hong Kong charts last week, you might have noticed an interesting occupant of the No 1 spot Hanjin Tan's song Wave from
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      370 30 Lianhe Zaobao Baker Technology I m V^^^^R\ makes I Al strong turnaround I x after years of V losses X, ownership r^^^^ifc' L v** changes 4Mr Journey in the exclusivity of Silk Air's Business Class, and enjoy two-to-go fares that are just as extraordinary. From the time you book your
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  • executive lifestyle
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      Lock icon Picture of good health
      1161 31 Local healthcare firms are creating a regional network of clinics by joint venture, management or franchise, reports CHEAH UI-HOON THE economic downturn might put some service industries in the red, but healthcare service providers seem to be in the pink. On the cards are expansion plans
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  • THE BUSINESS TIMES Singapore Corporate Awards
    • Article, Illustration
      Lock icon GOVERNANCE
      186 32 Leaders in Winners all: Terry Clontz, Wong Fong Fui, Chia Kirn Plow, Nash Benjamin, Choo Chek Slew, Lai Chin Yee and Lilian Tan T hasn't been a good year all round for corporate governance -which makes it all the more important that exemplary performers be recognised. This year's Singapore
      186 words
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      Lock icon The key is choosing and training directors
      854 33 BEST MANAGED BOARD lyimette khoo looks at how the big cap winners this year pull it off HAVING a well-managed board begins with choosing and training directors who are independent from management and well-grounded enough in governance issues to be able to take
      854 words
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      Lock icon Where board independence is taken seriously
      761 33  -  EMILYN YAP By CRISES reveal weaknesses in companies but they also showcase strengths in others. In Chemoil Energy's case, its ability to ride out the upsets of 2008 has highlighted its resilience which in part, reflects the quality of its board of directors. "Although
      761 words
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      Lock icon Small, but strong
      1131 37 BEST MANAGED BOARD Both Baker Tech and Qian Hu believe in keeping their directors well-informed and up-to-date, says comrad tan SIZE matters little when it comes to good corporate governance at least for some firms. The two small-cap companies Baker Technology and Qian Hu Corp that won
      LIANHE ZAOBAO  -  1,131 words
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      Lock icon The man 'running' StarHub
      662 39 CEO OF THE YEAR His unwavering discipline combined with prudent thinking and well-defined goals lie behind its success, says wiimstoim chai TERRY Clontz puts in a five-km jog every morning and tries to double the distance at least once a week. Even though he pounds the
      662 words
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      Lock icon Boss who keeps a low profile
      1104 40 The Boustead CEO believes that the ability to adapt to changing market conditions is the way to success, writes vei\i sreeimivasaim WHEN Wong Fong Fui was told he was co-winner as CEO of the Year in the $300 million to $1 billion market cap
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      Lock icon Banking on human capital
      1151 41 CEO OF THE YEAR An organisation's culture and leadership are the real growth engines, Rotary Engg chief tells chewxiaimg ALMOST exactly a year ago, Chia Kirn Piow and Rotary Engineering, the company he founded over 30 years ago, were awarded the prestigious Enterprise Award at the
      ARTHUR LEE  -  1,151 words
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      Lock icon A comparison of boards of big firms across four countries
      1739 41  -  MAX YUEN TEEN and DAPHNE TEO By BOARDS of directors in Singapore have undergone fundamental changes in their structure, composition and practices, since the Code of Corporate Governance was first introduced in 2001. In 2008, Watson Wyatt undertook a study
      1,739 words
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      Lock icon His vision is to become a global fashion company
      824 42 CEO OF THE YEAR FJ Benjamin chief is confident the company will emerge from the current crisis relatively unhurt, says uivia shamkari IN his three years heading leading lifestyle and fashion group FJ Benjamin Holdings, chief executive Nash Benjamin has seen
      YEN MENG JIIN  -  824 words
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      Lock icon At the wheels of a transport giant
      968 44  -  CHEWXIANG CFO OF THE YEAR Balancing internal controls with commercial perspective is not easy, says THE objective of the Best CFO awards is to recognise those who promote good governance, disclosure and transparency beyond the needs of regulations and who help create long-term
      968 words
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      Lock icon Winning awards and winning over investors
      877 44  -  CHEWXIANG By WHY should a fish farm selling fish need to be listed? That was the first challenge facing Lai Chin Yee when she became chief financial officer of Qian Hu prior to its listing in 2000. "We went to great lengths to explain
      877 words
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      Lock icon Much more than a finance job
      634 45 CFO OF THE YEAR ASL's CFO lays stress on prudent risk management and competent staff, says oh boom ping THE role of a chief financial officer goes beyond competency in plain accounting, finance management, compliance and reporting, but also include having the requisite commercial
      YEN MENG JIIN  -  634 words
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      Lock icon CFO's role in a downturn
      834 45  -  SANJEEV AGRAWAL By THESE are the times that are mentioned in books, practised in theory but difficult to predict in terms of timing and intensity of the challenge. It is a massive reality now but it was not too long ago that any mention of
      834 words
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      Lock icon Packed with reader-friendly info
      967 48 BEST ANNUAL REPORT The winners this year are more informative and better designed, chewxiaimg looks at the effort that companies take to produce the reports THE annual report is one of the most important sources of information about a company to its investors. Unsurprisingly, there are
      967 words
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      Lock icon Issues of the day for boards and audit committees
      968 48  -  MAX KEAT MENG GLENN DALY By and THE faltering economic conditions in global capital markets and tightening of credit flow witnessed in 2008 have left many companies facing profit erosion or losses by the close of the year. Not surprisingly, increased
      STOCK.XCHNG  -  968 words
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      Lock icon Winners of IR Award walk the talk
      709 49 BEST INVESTOR RELATIONS Websites, emails, Q&A sessions, regular updates these firms go the whole way to keep investors informed, says joyce hooi IN an environment where disclosures are the new big concern, several firms have emerged as the benchmark for investor relations (IR)
      709 words
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      Lock icon The importance of investor relations
      1071 51 Tell it as it is, and keep talking in good and bad times, says elaiime lim IN the past 10 years, investors have been brought through their worst roll-er-coaster rides in the capital market spurred by greed, fraud and callous disregard for upholding governance and
      1,071 words
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      Lock icon Assuring ethics and integrity while chasing success
      695 52 Companies need leaders who are able to manage complex sets of priorities, says ima boom choimg WHILE there are many contributing factors to the current global financial crisis, there is one factor at the behavioural level, ie, how the executives "bet the farm"
      STOCK.XCHNG  -  695 words
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      28 32 CONTENTS: Best Managed Board pages 2,6 CEO of the year pages 8,9,10,11 CFO of the year pages 14,15 Best annual report page 18 Best investor relations page 19
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      40 34 Mr Wong Fong Fui Chairman and Group CEO Boustead Singapore Limited jj jj BOUSTEAD I Since 1828 Chief Executive Officer Of The Year 2009 Singapore Corporate Awards Market capitalisation of $300 million to less than $1 billion F rrom of
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      112 35 s jyra 5* Ift i If S^ tSj 'v^ -^aB >- 1 Awarded Chief Executive Officer Of The Year 2008 Market capitalisation of $300 million to less than $1 billion H "I take comfort in the fact that the knowledge that I have collected over the years has been of
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      110 36 A m iW «V II II Im. k ill m I^l in^l iH MSB n^H^S M HlillfiH^MfiGM||l||HH M l 11 i' I*" 111 l9!^Sn^^uAni9!^^^^^^Ri^R!^E^lßflff^^^^^^^^^^^^^^^^^^^H «h. -i:. '"OCw»*^ r*" **<?«(,-.. IUTiMS^BIIMiHIM a^l^^^KZ^^K^^^U^^H P^^H^^V?^^^Sl^RT^Sl^^^^7^?l PT^^^VST?^?^H^^^™l f2 *Aii vtS 11 w^l 111 fl lIKIP ■rS IHI rS 1 L^a^lS II *****111 Hll J>
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      102 37 Raffles Conversations 2008 EDITION I 52 interviews by Business Times journalists Nexia TS Public Accounting Corporation J| J^l 6X121 1!S IMBI The diverse experiences j^ INTERNATIONAL ,#T5^ ''H congratulates our client on the SGX Mainboard influential thinkers i for receiving the following awards at the the age i-Jk Singapore Corporate
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      102 38 g«fl OKP HOLDINGS LIMITED w^P in £mgm m m m Mari c fbe\oWi JO million With our heartiest congratulations I ®KIMENG ICIMB I w"^°°- I wongpartnership NexiaTS,!™®! Loo&partners NexiaTS Public Accounting Corporation tf^nrßrßank BROOKS MET/FUSION JfS iJfc BolsenCement xjsri o^^ hb^L foundation x /jSt, An .i ProductsPteLtd Msaaaasa cpg fT;
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      94 39 \&W^^ MAmm bh global marine ltd r^WT I imitoH Availability, Reliability, Valued Partner. v_^ V V I I 111 111 t? v_J LI i\|/ r— 7 \IJ C? uJfc^^^^^^BßMP^Bßßj ii I aj J £r* LjaU L£ XBrm&Zr B^^ Bill pm il g/^p»««*"*^ f^lSki If 'A^^/ Br Ill' Eg HI A—.
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      98 42 1^ j_y Ijy sS J u^i^fe- At SMRT> strong leadership upholds m AW^flnMtfH :t^ high standards of accountability and [iJ integrity. Our Board, with its diversity in V J^^^^^^^^h experience, ensures the interests of all M stakeholders are protected. W^M ■jfiSJp^ As a responsible corporation, excellence and transparency are reflected
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      75 43 V SINGAPORE A ROTARY Corporate l^^_^^^^^^_^^_ Awards I iH BL l/l/e are proud to be your partners: Our heartfelt appreciation goes out to our valued partners and clients: flooring systems rlo£)U PAMARINE /V /T 7\ AAA J B ***** I I I I I~| —I The world's local bank V\
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      141 44 BUILDING A SUSTAINABLE ENTERPRISE SINGAPORE PETROLEUM COMPANY LIMITED WINS BEST MANAGED jgs# BOARD 2008 y^ (BRONZE AWARD) At SPC, corporate governance is an integral part of SPC's corporate responsibility to our stakeholders. Our mission to build a sustainable enterprise one with a strong balance sheet, robust enterprise risk management processes,
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      57 47 Lfßlfl TAT HONG HOLDINGS LTD Congratulations to Mr Wong Fong Fui Chairman Group CEO of Boustead Singapore Ltd on being awarded the Chief Executive Officer Of The Year 2008 Capitalisation of $300 million to less than $1 billion) at the Singapore Corporate Awards 2009. We Wish Him All The Best
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      142 49 BH GLOBAL MARINE LTD has been in the Marine Offshore electrical business for over 40 years. We offer WJ V' &I*l ftil&L $2& P One-Stop supply services and m X X Wl>| "fi^L y» TOIL IJZft* *a> f^RL O^ SI MRO-Sourcing solutions to the most //*J|J /W| R| »l> f^
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      326 50 Singapore /^y 7 I Corporate r r Cyi/TIT'I I riTI C flfl C^ I 2009 s£j> I mdmtm I I BEST MANAGED BOARD AWARD BRONZE Singapore Petroleum Mr Terry Clontz Company Ltd EXECUTIVE OFFICER Chief Executive Officer OF THE YEAR Star Hub Ltd BEST INVESTOR Sing Tel Ltd det atiamc
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      98 51 DOOCjIfIQ AWQrQS ln our quest for excellence, one value always holds true without compromise Yl^Qj IYIOKG our commitment to corporate governance, transparency and shareholder Even Our Fish Smile communication At this year's Singapore Corporate Awards, H we are honoured to receive recognition for: Chief Financial Officer I of the Year
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      50 52 ComforiDelgro congratulates MR CHOO CHEK SIEW GROUP FINANCIAL OFFICER, COMFORTDELGRO FOR WINNING THE CHIEF FINANCIAL £L OFFICER AWARD THE SINGAPORE YW CORPORATE AWARDS 2009 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868 E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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