The Business Times, 2 May 2009

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Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 2-3, 2009 Ssl.oo MICA (P) 198/08/2008 I Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Poorer, still Premier
    1185 1  -  Siow Li Sen As balances of elite card-holders fall below the minimum threshold, many banks continue to extend them their privileges without asking them to top up By lisen@sph.com.sg Singapore W I I V HEY are the affluent custom- ers who enjoy their banking privileges at a
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      139 1 jftk^fl ESk" worldgourmet ll___s3feJH I MOTORING REITS VIRUS WATCH Swine flu in Hong Kong Mexican tourist tested positive in Hong Kong yesterday, leading to emergency alert. Singapore is still safe but Mexican visitors will need visas to come here. 3 MAY DAY GIFT Absentee payroll cap raised The government has
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      4 1 ~T~ •BT /wk, j||k
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  • TOP STORIES
    • Article
      Lock icon Five years of 'training' will help S'pore tackle flu: PM
      327 2  -  Chuang Peck Ming Reports by peckming@sph.com.sg Singapore SINGAPORE'S experience in fighting Sars will be invaluable in tackling the deadly swine flu that is spreading fast from Mexico, Prime Minister Lee Hsien Loong said yesterday. "We have been preparing for a
      327 words
    • Article
      Lock icon Absentee payroll cap raised to help PMETs
      472 2 SPUR fine-tuned to help middle-income earners train, boost prospects for fresh grads IN a further move to cut costs and save jobs as unemployment threatens to rise, the government has fine-tuned its $600 million Skills Programme for Upgrading and Resilience (SPUR). The Ministry
      472 words
    • Article, Illustration
      Lock icon 3 potential stress lines in Singapore
      414 2 THERE are three potential splits in Singapore society that could test the country's resilience in these trying economic times, Prime Minister Lee Hsien Loong said yesterday. The three potential divides are: between Singaporeans and non-Singaporeans; between the more successful and less successful; and between
      CHEW SENG KIM^HE STRAITS TIMES  -  414 words
    • Article
      Lock icon Mexican brings swine flu to HK
      661 3  -  Conrad Tan Emergency alert in Hong Kong; Spore imposes visa rule for Mexican visitors By conradt@sph.com.sg Singapore HONG KONG went on emergency alert last night after detecting its first confirmed case of swine flu, as the disease spread to Asia. In Singapore, meanwhile, an
      661 words
    • Article, Illustration
      Lock icon Will taxman trip the football star?
      661 4  -  Lee U-Wen :FUTEBOLFINANCE Footballers playing in Britain may be hit by higher taxes; will they move? By leeuwen@sph.com.sg Singapore WHEN British Chancellor Alistair Darling announced in his recent Budget that income tax for high earners would be raised from 40 per cent to 50
      :FUTEBOLFINANCE  -  661 words
    • Article
      Lock icon Fed postpones release of US bank test results
      482 4 Bloomberg New date may be announced as soon as next Friday, as concerns rise over reactions to data Washington THE Federal Reserve is postponing the release of stress tests on the biggest US banks while executives debate preliminary findings with examiners, according
      Bloomberg  -  482 words
    • Article
      Lock icon Lenders cry foul and plan to object
      507 5 Reuters Chrysler's planned bankruptcy sale They say sale process goes against their legal rights, inverts bankruptcy priority steps New York A GROUP of about 20 lenders that balked at the terms of a gov-ernment-brokered deal to cut Chrysler LLC's US$6.9 billion debt, are
      Reuters  -  507 words
    • Article
      Lock icon Survey shows China's economy gaining strength,
      332 5 Reuters [BEIJING] Chinese manufacturing gained further momentum last month, a survey showed yesterday, adding to tentative evidence from around the world that the global economy may soon be on the path to recovery. An index based on an official survey of executives in charge
      Reuters  -  332 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      68 2 NEWS LIVING Top stories 2-5 Shopping L2-4 Raffles Conversation 6-7 Gadgets L5 Week In Review 8 -"^smr From The Desk of 9 V Companies 10-11 Singapore 12-13 «t Letter From Abroad 14 j# World 16-20 Dining L6-9 Stocks stats 2J Home Garden LlO-11 Perspective 22-23 Travel Ll2-13 Wealth 24-28 Health
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      86 5 1?PB SUPER HOT SPOT 2009 EXPO nMianpn the best opportunity everi AUSTRALIA'S FASTEST GROWING REGION Exclusive, Affordable Positive Cash Property 2+3 b/room from A 5333,000 Exclusive to Singapore FREEHOLD rare in this m Exhibition 2nd-3rd May World Heritage Listed area AMAZING CAPITAL GROWTH Ketumba^RoomTetel 2 Booming Area i oam 6
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Storm rider
      2144 6  -  Rahul Pathak Piyush Gupta, Citi CEO for its South East Asia Pacific business, candidly admits that the past six months have been the most challenging in his banking career. By ROUND Sept 15 last year, Citi cus/^k tomers in Singa- pore and the re- gion started re- ceiving
      ARTHUR LEE  -  2,144 words
    • Article
      Lock icon Raffles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Analysts expect pullback in May but see bright side
        73 7 SELL in May and go away, so goes the saying on stock markets. Will this play out this year, given that 2009 thus far has been anything but a typical year? Analysts The Business Times spoke to generally think there will
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      • Article
        Lock icon Q1 profit warnings mostly from S-chips, electronics
        51 7 WHILE the first quarter of this year was bruising for most businesses, it has drawn blood from S-chips and the electronics industry. Of the 21 companies that have issued profit warnings, the bulk are either S-chips or firms with interests in the electronics
        51 words
      • Article
        Lock icon Clean, green blueprint to redefine Singapore
        42 7 THE government has unveiled a blueprint for sustainable development for the next 10 to 20 years, adopting a "light-touch" approach for now to spare businesses and households from higher costs at a time of economic hardship.
        42 words
      • Article
        Lock icon Najib takes more steps to free up financial services
        53 7 MALAYSIAN Prime Minister Najib Razak announced further measures to liberalise Malaysia's financial services industry including the issue of nine new banking and in- surance licences between now and 2012 and the raising of foreign equity thresholds from 49 per cent to
        53 words
      • Article
        Lock icon Singapore pay hikes to be among region's lowest
        43 7 PAY hikes across the Asia-Pacific region, especially for employees of multinational corporations, are set to fall to a five-year low, with increases in Singapore likely to be among the region's lowest, according to HRBS Asia.
        43 words
      • Article
        Lock icon Asia-Pac airlines hardest hit by 11% fall in global traffic
        55 7 INTERNATIONAL air traffic fell 11.1 per cent year on year in March, extending a slide that began in the second half of last year. And Asia-Pacific carriers led the decline. And there are fears now that swine flu could exacerbate
        55 words
      • Article
        Lock icon MAS sees a long, painful trek ahead
        60 7 THE worst is probably over for Singapore in the downturn, but recovery will be prolonged and painful, with many sectors in for an extended period of sub-trend growth, says the Monetary Authority of Singapore. Plus, the swine flu outbreak has added a new
        60 words
      • Article
        Lock icon Flying club for the rich folds up
        49 7 AN ambitious plan to start up an exclusive flying club for the well-heeled at Seletar Airport has become a victim of the financial crisis. Businessman Nicklaus D'Cruz has folded up his venture, The Flying Club, barely a year after he launched it.
        49 words
      • Article
        Lock icon Gloomy Q1 saw 12,600 job losses
        38 7 AN unwanted record in Singapore has been set, as new government figures have revealed that a staggering 12,600 workers here lost their jobs in just the first quarter of this year alone.
        38 words
      • Article
        Lock icon Corporate Singapore raises its flu shields
        56 7 CORPORATE Singapore swung into higher gear with business conti- nuity plans as the Ministry of Health raised its flu pandemic alert one notch up, from yellow to orange. Even before the alert level was raised at around spm on Thursday, many companies contacted by
        56 words
      • Article, Illustration
        Lock icon Chrysler takes the plunge, filing for bankruptcy
        96 7 CHRYSLER will file for bankruptcy in New York and get as much as US$3.5 billion in operating loans from the US government while it finishes an agreement to align with Italian automaker Fiat, a US official said on Thursday. There will be no
        BLOOMBERG  -  96 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      176 7 CRYPTIC CROSSWORD 21 Traitor's principal cause yesterday's solution (7) 30 Adamant refusal to accept work of giant dramatist Across: 1 Tragedienne, 9 Finishing, 25 Flower produced by a right in country (6) (8) j° acc^s^o" hSS set-up in Welsh town (8; 31 what those on boards do 4 Whirlwind characterised
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      79 7 NEXT WEEK May 4-8, 2009 US DATA May 4 March construction spending March pending home sales May 5 April ISM services May 7 Initial claims Q1 productivity-preliminary Q1 unit labour costs March consumer credit May 8 Unemployment rate April non-farm payrolls March wholesale inventories SINGAPORE DATA May 7 April international
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Ageing Asia
      1051 8 People today have the health and longevity to live long, rewarding lives, but not the financial security to see them through. How should we respond to this demographic shift? FROM THE DESK OF David Fried Group general manager and regional head of insurance, Asia-Pacific, Hongkong and Shanghai Banking
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  • COMPANIES
    • Article, Illustration
      Lock icon SGX watch-list firms running out of time
      488 9  -  Joyce Hooi CORPORATE FOCUS Nine have less than a year to apply for removal, most are still not profitable. By SLIGHTLY more than a year after the Singapore Exchange (SGX) introduced its watch-list, the question of the future of the firms on the
      FILE PHOTO  -  488 words
    • Article, Illustration
      Lock icon 34 fixed-fee surgery packages
      228 9  -  Teh Shi Ning By tshining@sph.com.sg Singapore PARKWAYHEALTH is offering 34 fixed-fee packages for various surgical procedures, to encourage patients not to put off surgery because of the economic downturn. "These are tough times. We hope that with these all-in-one packages, both local and foreign patients will
      FILE PHOTO  -  228 words
    • Article
      Lock icon KepCorp unit's customer cancels $181m contract
      263 9  -  Conrad Tan By conradt@sph.com.sg Singapore KEPPEL Corp said that a customer has cancelled a $181 million shipbuilding contract with one of the group's units due to financing difficulties the latest casualty of the financial crisis. Keppel Singmarine Pte Ltd, the specialised shipbuilding arm of
      263 words
    • Article, Illustration
      Lock icon Sellers find SGX fuel oil futures plan attractive
      670 10 Reuters From their perspective, the contract offers another outlet with lower counterparty risk Singapore SINGAPORE Exchange's proposed fuel oil futures could see warmer reception from sellers, who see that it is another way to offload cargoes, than buyers averse to paying security
      Reuters; BLOOMBERG  -  670 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      818 10 For week beginning Apr 27 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) Stock Suntec Reit 29-Apr-09 Lim Hwee Chiang China Zaino Intl 29-Apr-09 Great Season Grp Ltd China Zaino Intl 29-Apr-09 Choi Ching
      818 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Game on as Deloitte plans to soar with YOG
      591 11  -  Lee U-Wen Participation is a unique opportunity to use sports marketing to showcase products and services, says CEO By leeuwen@sph.com.sg THE economic downturn has clearly not dampened Deloitte Singapore's drive to be a major player in the inaugural Youth Olympic Games
      FILE PHOTO  -  591 words
    • Article, Illustration
      Lock icon Always opportunities in a crisis: Stanchart exec
      626 11  -  Teh Shi Ning By tshining@sph.com.sg RIPPLES from the financial crisis continue to be felt across the banking sector but they aren't all negative, says a senior banker. There are always opportunities in a crisis, says V Shankar, who sits on Standard Chartered Bank's
      FILE PHOTO  -  626 words
    • Article, Illustration
      Lock icon Now, let's talk about sex
      857 12  -  Siow Li Sen SATURDAY SOAPBOX lisen@sph.com.sg Senior correspondent MOST parents (including liberal me) are uncomfortable when talking about sex with their kids the first time and even the second and third time. It does get easier though, mainly because of the trust built up along
      857 words
    • Article
      Lock icon Abortions increase amid economic downturn
      476 12 AFP EVERY night for a week, Mazlinda Majlam had the same nightmare. "It's a silhouette of a baby sitting down, and he will just be looking at me. The baby has no eyes, but he will be looking at me," she said. The horrifying dreams
      AFP  -  476 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      548 12 GSWiART ESMART HOLDINGS LIMITED (the "Company") (Company Registration Number *****2393E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Orchid Country Club, Ruby Suite, Social Clubhouse Level 11, 1 Orchid Club Road,
      548 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon Desert diplomacy
      687 13  -  Wong Wai Hon LETTER FROM DUBAI International graduate for priority banking, Standard Chartered Bank ASALAMALAKUM! In Dubai it is common to hear this as a form of greeting and it has certainly helped me to interact with the locals. I was given the opportunity to work for Standard
      687 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      161 13 :elebrating 25 years of S|^^h DEFINING GLOBAL LIVING WfiVG **Qm 1/ The Ascott Group invites you to celebrate its 25* anniversary with special rates and )L promotions starting 1 April 2009. From its beginnings as Asia Pacific's first branded B3 V /Mikl V* serviced residence in 1984, to its distinction
      161 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      15 13 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words
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  • WORLD
    • Article, Illustration
      Lock icon Chrysler needs 3 miracles for good Fiat ride
      581 14 Bloomberg US car maker is relying on selling low-priced, petrol-thrifty vehicles to keep itself alive New York "There have to be three near-mir-acles" for a partnership with Fiat SpA to succeed in rescuing Chrysler LLC, says Dennis Desßosiers, a car-industry consultant in
      Bloomberg; REUTERS  -  581 words
    • Article
      Lock icon Chrysler judge right man for the job
      434 14 AP He is no stranger to big bankruptcy cases New York FOR Chrysler's sake, it needs a judge who can move it quickly through the bankruptcy process. By most accounts, Arthur Gonzalez is the right judge. "He is a judge you would want
      AP  -  434 words
    • Article
      Lock icon Fiat CEO eyes Opel after Chrysler deal
      298 14 Reuters Milan ITALIAN automaker Fiat SpAs next project is a deal with Germany's Opel after a landmark alliance with US car maker Chrysler, Fiat's chief executive said in an interview published yesterday. Sergio Marchionne told La Stampa that Fiat also remained committed to
      Reuters  -  298 words
    • Article, Illustration
      Lock icon Foreign funds flow to Asia on recovery hopes
      554 16 Reuters Regional govt efforts to drive economies out of recession are fuelling investor appetite for risk Taipei AFTER a six-month drought, foreign investors have been sending billions of dollars back to Asia, a trend some expect to continue on hopes that China
      Reuters; BLOOMBERG  -  554 words
    • Article
      Lock icon Japanese economy officially in deflation
      600 16  -  Anthony Rowley Unemployment at 4.8%, core consumer prices down 0.1% By btworld@sph.com.sg Tokyo JAPAN'S economy was formally confirmed to be back in deflation yesterday with news that core consumer prices fell by 0.1 per cent in March. Japan's is the first major economy to be
      600 words
    • Article
      Lock icon US should adopt IFRS soon, says accounting board
      230 17 Reuters New York THE United States should consider adopting international accounting standards in the next three to five years even if they are not completely converged, the top US accounting rulemaker said on Thursday. The process of aligning US and international accounting
      Reuters  -  230 words
    • Article
      Lock icon Stop the IRS, Swiss govt tells US court
      439 17 Reuters It says disclosing ÜBS client data will violate sovereignty, international law Miami SWITZERLAND urged a US court on Thursday to reject demands by US tax authorities for information about US clients of ÜBS AG, saying disclosure would violate its sovereignty and
      Reuters  -  439 words
    • Article, Illustration
      Lock icon Diamond prices at their lowest in rive years
      644 18 Bloomberg The US$65 billion global diamond market is reeling as the worst recession since World War II has deterred buyers of luxury items London FOR bachelors such as John Heywood, now's the time to pop the question. Whether it's the US$5O,OOO five-carat
      Bloomberg; FILE PHOTO  -  644 words
    • Briefing
      • Article
        Lock icon Inflation rates fall in some Asian countries
        106 18 Reuters Bangkok Inflation rates slowed once again in emerging Asia, pointing to a fresh round of interest rate cuts in Thailand and Indonesia as the region battles to reinforce tentative signs that economies may be on the path to recovery. Indonesia said annual
        Reuters  -  106 words
      • Article
        Lock icon Macquarie Group H2 profit plunges 64%
        78 18 Bloomberg Sydney Macquarie Group Ltd, Australia's largest investment bank, said second-half profit dropped 64 per cent as a collapse in asset prices caused larger-than-forecast writedowns. Net income fell to A 5267 million (Ss2B7 million) in the six months ended March 31, from A 5743
        Bloomberg  -  78 words
      • Article
        Lock icon Veto China's planned investment in miner: Liberal Party
        74 18 Reuters Canberra Australia should veto China's planned US$l9.5 billion investment in miner Rio Tinto Ltd, Australia's main opposition Liberal Party said yesterday as political opposition to the deal continued to grow. Opposition Leader Malcolm Turnbull said the investor, China's state-owned Chinalco, was
        Reuters  -  74 words
    • Article
      Lock icon Mixed fortunes for US finance bills
      426 18 Reuters Washington THE final score was 1-1, consumers versus bankers, on Thursday as US lawmakers voted on bills affecting credit cards and mortgage bankruptcy law. The votes in the House of Representatives and the Senate highlighted the political complexities facing the Obama administration and
      Reuters  -  426 words
    • Article, Illustration
      Lock icon Ferrari at odds with FIA over F1 budget cap
      574 19 Reuters Mosley says championship survival rests on reducing costs for teams London FORMULA One's governing body has urged champions Ferrari to take the lead in agreeing to a cost cap for 2010 after the Italian team made their opposition evident. In
      Reuters; AP  -  574 words
    • Article
      Lock icon Factory sector shrinks at slower pace in April
      347 19 Reuters, Bloomberg LATEST US DATA New York THE US factory sector shrank further in April but at a slower pace, suggesting some stabilisation in the battered sector and the broader economy, according to an industry report released yesterday. The report hinted at
      Reuters,; Bloomberg  -  347 words
    • Article
      Lock icon Sumitomo Mitsui buys Citi's Japan units for US$5.9b
      219 19 Reuters Tokyo SUMITOMO Mitsui Financial Group, Japan's third-largest bank, will buy Citigroup's Japanese brokerage and key investment banking units in a US$5.9 billion deal. Citigroup said the sale would bring it US$7.9 billion. That would help shore up its damaged finances ahead
      Reuters  -  219 words
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  • SWINE FLU OUTBREAK
    • Article, Illustration
      Lock icon Scientists urge 1-2 approach to fight viruses
      621 15 Reuters, AP Use Relenza early to extend Tamiflu's effectiveness London USING GlaxoSmithKline's less common drug Relenza early in local flu outbreaks should extend the effectiveness of Roche's Tamiflu, the drug most widely stockpiled against the risk of a pandemic, scientists say. Treating just
      Reuters, AP; REUTERS  -  621 words
    • Article
      Lock icon Australian, NZ dollars 'exposed' to swine flu
      273 15 Bloomberg Sydney THE Australian and New Zealand dollars are the "most exposed" among major currencies to declines because of the global swine flu outbreak, Barclays Capital said. The World Health Organization (WHO) may soon declare the first influenza pandemic since the 1968 outbreak
      Bloomberg  -  273 words
    • Article
      Lock icon US agency calls it H1N1 flu
      118 15 Bloomberg Boston SWINE flu will be called "HINI flu" at the US Centers for Disease Control and Prevention, in a break with world health officials who decided to stick with the original name. Documents and postings on the Atlanta-based CDC's website will remain unaltered
      Bloomberg  -  118 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      607 16 W^M_r4 [SATS gj^NOTICES IN THE MAnER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MAnER OF YANG YANG 810-PRODUCTS (S) (PTE.) LTD. (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****7460 M Extract of the minutes at the Extraordinary General Meeting of members of YANG YANG 810-PRODUCTS (S) (PTE.) LTD.
      607 words
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  • SGX
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        24 20 YTD change:+9.ol% 52-week high: 3,269.88 on May 5,2008 52-week low: 1,455.47 on March 10,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        Bloomberg  -  24 words
      • Article, Illustration
        Lock icon Hang Seng Index
        25 20 YTD change: +7.88% 52-week high: 26,387.30 on May 5,2008 52-week low: 10,676.20 on Oct 27,2008 (Chart shows Thursday's index closing) Source: Bloomberg
        Bloomberg  -  25 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 20 YTD change:-6.931% 52-week high: 13,136.60 on May 19,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        Bloomberg  -  25 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      364 20 Apr 30 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 671.8 1.6 -0.9 1.1 0.3 1.6 -2.2 EAFE Preliminai 642.0 2.0 -1.1 1.3 -1.7 1.8 -4.2 Euroi Preliminai 896.4 1.3 -1.7 0.9 -1.6 1.4 -4.0 Pacific 539.8
      364 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      150 20 Apr3q Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.0859 1.0873 Against US? Bid 0.7369 Offer 0.7371 :anadian dollar 1.2402 1.2420 0.8416 0.8420 Euro 1.9702 1.9724 1.3370 1.3371 NZ dollar 0.8464 0.8480 0.5744 0.5749 jterlini 2.1983 2.2013 1.4918 1.492: US dollar
      150 words
    • Article, Illustration
      Lock icon Shanghai Stock Exchange Composite
      26 20 YTD change: +36.07% 52-week high: 3,786.02 on May 6,2008 52-week low: 1,664.92 on Oct 28,2008 (Chart shows Thursday's index closing) Source: Bloomberg
      Bloomberg  -  26 words
    • Article, Illustration
      Lock icon Nikkei 225
      18 20 YTD change:+l.33% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Source: Bloomberg
      Bloomberg  -  18 words
    • Article
      Lock icon LIFFE
      71 20 Apr3(\ IOCOA (£/tonne) Close Prev Hi, ;h/Low May 09 1774 1790 1804/1773 JulO9 1707 1725 1739/1706 SepO9 1701 1719 1732/1700 Dec 09 1696 1713 1726/1695 COFFEE (US$/tonne) Close Pev High/Low May 09 1424 1449 1461/1407 JulO9 1453 1472 1490/1435 SepO9 1466 1481 1489/1450 SUGAR (US tonne) White Close Prey
      71 words
    • Article
      Lock icon CHICAGO BOT
      91 20 Apr 3p| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low May 09 1070.*****4.*****2.*****9.75 Jul 09 1055.*****5.*****8.*****9.50 AugO9 1023.*****2.*****9.75 998.50 SepO9 980.50 965.00 986.75 962.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low May 09 36.22 35.43 36.45 35.25 JulO9 36.51 35.73 36.68 35.55 AugO9 36.68 35.90 36.80
      91 words
    • Article
      Lock icon OIL
      76 20 Apr 3p|| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 50.87 0.04 50.95 -0.17 50.28 0.58 54.55 0.60 52.65 0.60 PRODUCT USS/barrel (FOB Spore) Close Change ■re) Naphtha Jet Kerosene 45.17 0.40 57.90 0.45 USS/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon METALS
      70 20 May j| GOLD ;us$/oz; ir 30 Ai >r30 Hong Kong 897.40 897.40 898.40 898.40 Apr 29 Apr 30 London 897.50 883.40 898.50 884.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 19.07 18.84 Source: UOB PLATINUM Lon (US$/oz) Apr 30 Close Previous PM Fix 1093.*****8.00 AM Fix 1111.*****5.00
      70 words
    • Article
      Lock icon PALM OIL
      64 20 Apr 3p| KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Voi Done Open Position Hh May 09 2669 Jun 09 2581 JulO9 2511 Aug 09 2445 Total o/p: ***** contracts 2716 2748 2669 2634 2680 2580 2595 2618 2501 2535 2553 2438 Turnover:
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    • Article
      Lock icon LONDON METALS
      75 20 Apr 3c\ Aluminium, 99.7% purity (US$/tonne) Nickel ;us$; /tonne; Close Previous Close Previous Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.00 *****.00 Cash 3 months 1459.50 1494.00 1421.75 1457.50 Copper, Grade A ;us$; ttnne) Cash 3 months 4433.25 4431.00 4371.50 4370.00 Cash 3 months *****.00 *****.00 Grade (US$;
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Many see crisis as the big leveller
      881 21  -  Alberto Alesina Paola Guiliano It may imply a turning point towards more government intervention and redistribution through taxation By and f^W HE CURRENT financial crisis will reduce income and wealth inequality. The rich who heavily invested in financial and m^^^^^ stock markets have
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    • Article
      Lock icon Don't leave your career to chance
      920 21  -  Kenneth Leow Times of susceptibility are when we most need a reliable framework to guide our career By I (L A RISING tide lifts all boats." If the saying by the late John F Kennedy is anything to go by, then -^^-the opposite must
      920 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Announcing the end of the bear market
        1240 22  -  Genevieve Cua Anthony Bolton, who managed funds for US mutual funds giant Fidelity for almost 30 years, reckons a bull market has begun. By all the bumps and pointments en route to a bottom, most analysts and strategists fight shy of calling a
        1,240 words
      • Article
        Lock icon Japanese fund manager less hopeful about global economy
        648 22 Reuters Tokyo HOPES for a global recovery seem overdone now, and Japan's Global Sovereign fund will bide its time before further raising exposure to commodity currencies like the Australian dollar and Norwegian crown, its chief fund manager said. While the turmoil in
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        Lock icon A study in relativity
        1505 23  -  Teh Hooi Ling SHOW ME THE MONEY The basis for compensation should be the incremental value leaders bring on a per population or per share level hooiling@sph.com.sg Senior correspondent EVERYTHING is relative. It's an indisputable truth. Generally we cannot take an absolute number and make a
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        Lock icon Refinancing fears recede but Reits still cautious on outlook
        989 25  -  Uma Shankari Of concern are DPU yields falling from equity issues and swine flu's potential impact. By EAL estate investment trusts (Reits) turned in a solid set of earnings for Ql 2009 unlike the developer stocks with most of the major
        FILE PHOTOS  -  989 words
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      917 24 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 2 Districts NON-LANDED NON-LANDED Icon Apt 13/04/2009 99 797 505 634 Astor Apt 15/04/2009 99 1130 712 630 Icon Apt 13/04/2009 99 570
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  • BT Living
    • SHOPPING
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        Lock icon Design Blueprint
        610 27 Reckless Ericka (Singapore) A collective of three designers, clockwise from bottom left, Indonesian Ruth Marbun, 24; Singaporean Afton Chen, 22 and Filipino Diorelle Sy, 22, who met when studying at Raffles Design Institute, and Louis Koh, 26, who handles their marketing, Blueprint is Reckless Ericka's first-ever fashion show.
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        Lock icon FASH BASH
        558 27  -  Melissa Lwee The Audi Fashion Festival will serve up some big names. By COME Wednesday, Orchard Road will turn into an international catwalk for five days as Singapore's first-ever independent fashion festival the Audi Fashion festival (AFF) gets under way. Despite being shorter and smaller than previous Singapore
        Ashley Isham  -  558 words
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        Lock icon Business-minded in his creativity
        549 27 WHEN it comes to exquisite use of colours and embellishments, one of the first names that come to mind is Christian Lacroix. The design maestro, who is as much a revered costumier as he is a fashion designer, has been wowing fashionistas and artists alike for
        549 words
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        Lock icon Open to change
        821 28  -  Corinne Kerk What's white, made of steel and PVQ and can change its form simply by being rotated? Look no further than Prada's Transformer pavilion in Seoul. By £^M RANSFORMER, more than meets the eye...' So goes the theme song from Transformers, the movie about alien robots
        PHOTOS: AFP; PRADA  -  821 words
    • GADGETS
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        Lock icon Sounds like a melody
        701 29  -  Christopher Lim Philips' new MP3 players and Sony Ericsson's new W705 phone tout sound enhancement features. By ALL the damage done to sound quality by compression technologies like MP3 has created demand for audio enhancement tools to ameliorate the assault of thin, harsh music on your
        701 words
    • DINING
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        Lock icon CONDO HEROES
        1131 30  -  Audrey Phoon ULTIMATE PATTY The Sunshine Burger (below) at Sunshine Carrie's is receiving rave reviews from foodies, some of whom reckon it to be Singapore's best By Specialised eateries are moving into condominium developments and they're cooking up and creating quite a storm. NTIL recently, Singapore's list of
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        Lock icon Three of the best
        734 30  -  Audrey Phoon Sunshine Carrie's 83 Farrer Drive Sommerville Park clubhouse *****-2247 WITH its simple aluminium chairs and tables, chalkboard menu and tiny counter behind which the owners cook, Sunshine Carrie's is a very plain joint. The burgers served here, however, are anything but. Try the signature
        734 words
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        Lock icon Bright nights
        1972 31  -  Cheah Ui-Hoon Cheah Ui-Hoon Audrey Phoon world gourmet summit The week's dinner offerings were ablaze with Michelin-star power Heinz Beck La Pergola Via A Cadlolo 101 Rome *****, Italy" S+39 06 3509 2152 HEINZ Beck is a German chef who went to Rome in the *****, set up
        PETER KNIPP HOLDINGS; MICHAEL HARLAN TURKELL  -  1,972 words
    • HOME & GARDEN
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        Lock icon KITCHEN TALK
        1507 32  -  Clarissa Tan personal space For interior architect Selina Tay, the kitchen offers a delicious, nostalgia-ridden trail back to the past. By SELINA Tay is offering salad for breakfast. The interior architect behind the new book Selina's Dream Kitchens, ensconced in her own elegant, expansive kitchen, gazes at you
        YEN MENG JIIN  -  1,507 words
    • TRAVEL
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        Lock icon A little slice of heaven
        1225 33  -  Geoffrey Eu Lake Como is one of those natural wonders that simply couldn't have been designed any better, no matter how many times you try. By LONG before George Clooney became a resident and turned it into a personal Italian playground for him and his
        GEOFFREY EU  -  1,225 words
    • HEALTH
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        Lock icon Put on a brave face
        734 34  -  Cheah Ui-Hoon The Totobobo is the world's first customisable respiratory mask. By THE swine flu that's sweeping North America and Europe might have you rifling through your cupboards for the face masks you bought six years ago. While most of us simply chucked them into
        734 words
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        Lock icon Botox to carry stiff warnings
        447 34 NYT New York BOTOX and other similar anti-wrinkle drugs must now carry the most stringent kind of warning label, the Food and Drug Administration (FDA) said on Thursday. The FDA issued that order the day after the agency approved a new drug, Dysport, that is
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    • SPORT
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        Lock icon New kids on the race track
        675 35  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent FERRARI, who? The two hottest names on the lips of Formula One fans these days are Red Bull and Brawn GP, both of which have somewhat surprisingly taken the new race season by storm. Brawn GP's Jenson
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    • GOLF
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        Lock icon See you at the 2016 Games?
        1361 36  -  Justine Moss Golf was last included in the Olympics way back in 1904. Players and officials say the time is right for its reinclusion. THE last time that golf was included as an Olympic sport, Henry Ford set a new automobile land speed record
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    • MOTORING
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        Lock icon CZECH THIS OUT
        655 37  -  C Y Chew The Superb,current flagship of the skoda range, offers out Hi CAN you name the four Baldwin brothers? Most people would say Alec and William but few are able to name all of them. It's the same with the Volkswagen Group. Many know about the
        655 words
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        Lock icon PARTY ON
        557 38  -  William Whey Get behind the wheel of the latest Ford Fiesta and have a party. By FIESTA is Spanish for party, and when it conies to the Ford Fiesta, the party should continue with the newest edition of this sporty hatchback. Since the very first Fiesta was launched
        557 words
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        Lock icon A LITTLE MiTo MAGIC
        612 40  -  Samuel Ec Meet Italy's refreshingly stylish answer to the iconic Mini. By T WAS conceived as the Italian alternative to the iconic Mini but whether Alfa Romeo's MiTo looks the part will no doubt have many arguing about it for a long time. To say the
        612 words
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      882 35 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant impressions of the Mediterranean. Jaan by your table, for a well worth price of Atrium Deli available throughout May. For Level 35, Orchard Wing Andre beckons exploration. $30.80++ per person and Dim Sum reservations, please call 6826 8240 or email Meritus Mandarin
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