The Business Times, 8 May 2009

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg SfCi A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Friday, May 8,2009
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  • Article
    Lock icon China Sun chairman suspended
    528 1  -  TEH SHI NING Absent from meeting, Sun Guiji is also relieved of his financial authority By [SINGAPORE] The troubling developments at Sin-gapore-listed China Sun Bio-chem Technology are building up to a climax. In a statement yesterday, the company's independent directors (IDs) said the chairman and CEO
    528 words
  • Article, Illustration
    Lock icon Stress tests bring relief in their wake
    808 1  -  CONRAD TAN Some US banks need more capital but it is far less than feared, reports say By [SINGAPORE] Financial markets yesterday cheered the news that the biggest banks in the United States face smaller capital shortfalls than originally feared, and that the
    808 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      47 1 lursi lay lange 1 COMP 1,023.47 -0.49 IIKKEI 225 9,385.70 +408.33 1ANG SENG 17,217.89 +383.32 ;et index 527.72 +4.57 JAKARTA COMP 1,828.85 +30.52 1ANILA COMP 2,238.92 +32.69 ;eoulcomp 1,401.08 +7.63 iHENZHEN B 381.07 -0.45 IUMBAI IND 12,116.94 +164.19 12 noon EDT Cham )OW 8,453.74 -58.54 IASDAQ
      47 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.560 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.472 (USS/SS per 1.510 2.223 :URO (US$/S$/E) 1.326 1.952 Foreign currency per US$ S$ 'EN 99.00 67.20 3.530 2.397 IK$ 7.751 5.264 !AHT 34.99 23.77 lUPIAH 10,363 7,038 lENMINBI 6.822 4.634 INDIAN RUPEE 49.48 33.61 1.327 0.901 IZ$ 1.692 1.149
      45 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      54 1 S BOOKS WINE MUSIC P^W^Pi^M CORPORATE Tale of honour, Vintage 1988 just Of jazz, blues and f&jk 1 RESULTS hearth and home coming of age folk alternative H-fll h < Star Hub Ql profit up 3% n\%r\f§'* PAGE 26 PAGE2S PAGE 29 V M HrfaMl PAGE 6 The beat goes
      54 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Stress tests bring relief in their wake
        41 2 FINANCIAL markets yesterday cheered the news that the biggest banks in the US face smaller capital shortfalls than originally feared, and that the gaps may be plugged without wiping out existing shareholders. FRONT PAGE
        41 words
      • Article
        Lock icon China Sun chairman/CEO suspended from posts
        73 2 THE troubling developments at Singapore-listed China Sun Bio-chem is building to a climax. In a statement yesterday, the company's independent directors said the company's chairman and CEO Sun Guiji has been suspended from his posts. Mr Sun is also no longer authorised to sign
        73 words
      • Article
        Lock icon Analysts await more signs before upgrading STI target
        77 2 EVEN as the market continues to power ahead on signs of "green shoots" in the economy, analysts are in no hurry to upgrade their targets for the benchmark Straits Times Index. Some are looking to do so in a matter of weeks
        77 words
      • Article
        Lock icon US bank regulators may force shotgun marriages
        56 2 US BANKING regulators may be tempted to force marriages and asset sales among banks to fill multi-billion dollar capital holes exposed by their stress tests. But a rapid redrawing of the banking landscape like the one last year is not likely, banking industry
        56 words
      • Article
        Lock icon Rough seas ahead for Cosco as Q1 net plunges 60%
        75 2 IN a sign that the marine industry is still in choppy waters, Cosco Corporation has been hit by the cancellation of an order for one vessel and rescheduled deliveries for two others, on top of posting lower first quarter profits
        75 words
      • Article
        Lock icon Outgoing CEO lost all shares in Sino-Env
        59 2 SINO-ENVIRONMENT Technology Group outgoing chairman and chief executive Sun Jiangrong has lost all his shares in the group, following an enforcement on his remaining 6.23 per cent stake by his creditor. This enforcement of 21.13 million shares took place on Wednesday, a filing
        59 words
      • Article
        Lock icon StarHub Q1 profit up 3% to $82.5m
        75 2 STARHUB'S net income for the first-quarter rose 3 per cent to $82.5 million on the back of a tax gain as well as higher revenue from its fixed network and pay-TV businesses. However, the firm's mobile and broadband services are starting to feel
        75 words
      • Article
        Lock icon TTL shareholders approve bond issue despite resistance
        40 2 SHAREHOLDERS of plastic components maker TTL Holdings yesterday approved a controversial convertible bond offering despite spirited resistance from a band of industry veterans and former directors of the company. COMPANY NEWS, PAGE 7
        40 words
      • Article
        Lock icon April electricity demand rises after 6-month fall
        45 2 MORE "green shoots" are sprouting in the economy here. Reversing six straight months of demand decline since last October, Singapore's electricity demand has started climbing again in early-April, latest Energy Market Company figures show. SINGAPORE NEWS, PAGE 9
        45 words
    • Article
      Lock icon Analysts await more signs before upgrading STI target
      695 2  -  LYNETTE KHOO Given speed of rally, some analysts worry about near-term correction By [SINGAPORE] Even as the market continues to power ahead on signs of "green shoots" in the economy, analysts are in no hurry to upgrade their targets for the benchmark
      695 words
    • Article, Illustration
      Lock icon Porsche scraps plan to dominate VW
      404 2 Reuters Car maker is instead exploring a merger with Volkswagen [FRANKFURT] Luxury car maker Porsche Automobil Holding SE slammed the brakes on attempts to take over Volkswagen AG and instead agreed to explore a merger with Europe's biggest car maker. The deal would represent
      – Reuters; REUTERS  -  404 words
    • Article, Illustration
      Lock icon Regulators may force shotgun marriages
      742 4 Reuters US BANK STRESS TESTS Banks may turn to mergers, asset sales to raise capital, plug gaps shown by tests [NEW YORK] US banking regulators may be tempted to force marriages and asset sales among banks to fill multi-billion dollar capital holes exposed by their
      – Reuters; BLOOMBERG  -  742 words
    • Article
      Lock icon Stress tests and the stock market
      342 4  -  ANTONY CURRIE By EVERYONE seems to have taken a stab at predicting which banks will need more capital. Few have been on the money witness the surprise over Bank of America's reportedly US$34 billion shortfall. But most analysts ignore one simple, all-encompass-ing metric: where
      342 words
    • Article, Illustration
      Lock icon Test result a pleasant surprise for Citigroup
      598 4 Reuters Bank needs to raise USssb, a figure seen as manageable [NEW YORK] Citigroup, long the problem child of the US banking industry, got a surprise boost on Wednesday when it was disclosed that government stress tests will require it to raise about
      – Reuters  -  598 words
    • Article
      Lock icon Banks have till June 8 for capital raising plans
      359 4 Bloomberg Deadline for implementing schemes is Nov 9 [NEW YORK] Banks that need to raise capital under the US government's stress tests will have until June 8 to develop a plan and until Nov 9 to implement it, US bank regulators
      – Bloomberg  -  359 words
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      Lock icon Page 2 Advertisements Column 1
      19 2 j I I I 1 1 V s ml t Z II Iklj > jljjX^H If 'I I a) I
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      102 2 >» aiiMi^^^^W^^W ©YAMAHA mOIBIJ www.morelhifi.com New 2009 Super Nova Music Theatre System i H Morel Super Nova 5.1 Cinema I H^^ff^H Speaker System w/Yamaha »ltt. •J I^HH^^H RV-V463 DTS Amplifier Lsttii, Retail Price :$2BBB fl'__^ m NovaMKllSystem® s24BB WJK& ■4^Ht-&m- InFdCUS I^M! X 9 "MSRP:S2I99 INBI MSRP:S6999 2008 ww«. xIO
      102 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      148 3 For more information please visit www.porsche.com.sg An SUV without dirt is like a man without scars. The new Cayenne S Transsyberia. With Direct Fuel Injection (DFI), the 4.8 litre normally aspirated V 8 engine reduces consumption and CO2 emission while generating 405 hp and up to 500 Nm torque. The
      148 words
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      Lock icon Page 4 Advertisements Column 1
      916 4 A WATS |U TUF MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. SO the companies act, cap. so AND AND IN THE MATTER OF in the matter of SIEMENS ENERGY MANAGEMENT FINA FAR EAST PTE LTD INFORMATION SYSTEMS (PTE) LTD ON members'voluntarywinding up) (IN MEMBERS' VOLUNTARY Re No-
      916 words
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      Lock icon Page 4 Advertisements Column 2
      156 4 W^CT BSATiS gi^NOTICES ZUCCHINI DESIGN PTELTD (In Voluntary Liquidation) COMPANY REG. NO: 2002-*****-Z NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT, CAP. 50 THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE STH DAY OF JUNE 2009 AT 10:00 A.M. AT 9
      156 words
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      Lock icon Page 4 Advertisements Column 3
      49 4 o i '-nor "3 FIND THE ONES PH fO UTHATFIT! h C r^J Recruit the right people P" I through CATS Recruit. f=*4" 3 C Call 1800 289 8822 or email J =T i recruit@sph.com.sg s~**j f- to advertise. r:^ r rQ-TBBAIH JOT T^ RECRUIT •"vJ V-^ M Pi
      49 words
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  • COMPANY NEWS
    • Article
      Lock icon Outgoing CEO loses all shares in Sino-Env
      370 5  -  LYNETTE KHOO By SINO-ENVIRONMENT Technology Group's outgoing chairman and chief executive Sun Jiangrong has lost all his shares in the group, following an enforcement on his remaining 6.23 per cent stake by his creditor. This enforcement of 21.13 million shares took place on
      370 words
    • Article
      Lock icon Beware bank stock surge amid bad news
      449 5  -  SIOW LI SEN TURBOCHARGED bank stocks this week were said to be powered by a slew of encouraging news plus a wave of liquidity. But just glancing at recent headlines in this newspaper will show that there is still plenty of bad news
      449 words
    • Article, Illustration
      Lock icon Cosco posts 60% drop in Q1 profit; oses newbuilding order
      500 5  -  NISHA RAMCHANDANI European customer also pushes back next year's delivery of 2 vessels By IN a sign that the marine industry is still in choppy waters, Cosco Corporation has been hit by the cancellation of an order for one vessel
      BLOOMBERG  -  500 words
    • Article
      Lock icon StarHub Q1 profit up 3% at $82.5m
      606 6  -  WINSTON CHAI But customers now paring mobile phone usage, opting for cheaper Net plans By STARHUB'S net income for the first quarter rose 3 per cent to $82.5 million on the back of a tax gain as well as higher revenue from its
      606 words
    • Article, Illustration
      Lock icon Payment collected for 98% of sold RiverGate units
      474 6 PAYMENT has been collected for 98 per cent of the 542 condo units sold at Capita Land's River Gate project since Temporary Occupation Permit (TOP) was obtained in March, the developer said yesterday. Payment collection for the remaining 2 per cent, or
      474 words
    • Article, Illustration
      Lock icon APB reports 5.8% rise in Q2 profit to $46.2m
      389 6  -  EMILYN YAP By ASIA Pacific Breweries (APB) yesterday reported a net profit of $46.2 million for the second quarter ended March 31, 2009 5.8 per cent higher than a year ago. Revenue for the Fraser and Neave unit dropped a marginal
      389 words
    • Article
      Lock icon Wing Tai Q3 gain falls 23% to $21.4m
      297 6 WING Tai Holdings has reported a 23 per cent drop in third-quarter group net profit to $21.4 million compared with a year ago. Revenue for the quarter ended March 31, 2009 slipped 19 per cent to $89.6 million. For the nine months
      297 words
    • Article
      Lock icon Hyflux earnings for Ql slip 11 % to $5.1m
      373 6  - Hyflux earnings for Ql slip 11 to $5.1m CHEW XIANG By WATER treatment company Hyflux said yesterday that net profit for the first quarter to March 31 fell 11 per cent to $5.1 million from $5.7 million in the same period last year. The company said this was because it
      373 words
    • Article
      Lock icon At a glance
      147 6 By resu :s en arc 1 StarHub 82.50 80.10 3.0 530.60 534.90 -0.8 2 CoscoCorp 33.15 83.88 -60.5 714.41 3 ParkwayLife REIT 11.39 9.77 16.6 16.34 717.66 11.87 -0.5 37.6 4 CWT 9.23 4.49 105.4 153.08 142.35 7.5 5 Aspial 6.37 4.93 29.2 74.89 62.52 19.8 6
      147 words
    • Article
      Lock icon Minibond investors can't touch Lehman units: lawyer
      474 6  -  SIOW LI SEN MINIBOND investors are unlikely to get money that is sitting in Singapore accounts belonging to the bankrupt Lehman Brothers Inc (LBI), said a lawyer. Conrad Campos, who is acting for Minibond Investors Action Group, said that some investors are confused
      474 words
    • Article
      Lock icon TTL shareholders approve bond issue despite resistance
      493 7  -  CHEW XIANG EGM WATCH Band of industry veterans, former directors tried to stop it but failed By SHAREHOLDERS of plastic components maker TTL Holdings yesterday approved a controversial convertible bond offering despite spirited resistance from a band of industry veterans and former directors
      493 words
    • Article, Illustration
      Lock icon PLife Reit to distribute all taxable income
      459 7  -  CHEN HUIFEN By PARKWAY Life Real Estate Investment Trust (Reit) has said it will distribute 100 per cent of its taxable income and net overseas income this year, amid concerns over falling dividend yields among locally listed trusts. The assurance came on top
      459 words
    • Article
      Lock icon SGX extends ETF suite beyond Asia
      202 7  -  JAMIE LEE By THE Singapore Exchange (SGX) is extending its exchange-traded fund (ETF) offerings beyond Asia and the US. Five new ETFs by Lyxor AM Lyxor ETF Eastern Europe, Lyxor ETF MSCI Emerging Markets, Lyxor ETF MSCI EM Latin America, Lyxor ETF MSCI World,
      202 words
    • COMPANY BRIEFS
      • Article
        Lock icon ST Kinetics wins £9.5m UK govt contract
        93 7 SINGAPORE Technologies Engineering said yesterday that its land systems arm, Singapore Technologies Kinetics (ST Kinetics), has secured a £9.5 million (5520.9 million) contract from the UK's Ministry of Defence to supply 40mm ammunition. Delivery will start in the second half of 2009 and
        93 words
      • Article
        Lock icon PSL clinches deals worth $29m
        60 7 FOUNDATION engineering specialist PSL Holdings has bagged projects amounting to $29 million, most of which will be completed within this year. Among these projects is a contract awarded for the construction of the Marina Coastal Expressway (MCE). This contract, to provide bored piling works for
        60 words
    • Article, Illustration
      Lock icon CWT earnings double to $9.2m for first quarter
      351 7 CWT Ltd yesterday announced a 105 per cent hike in net profit for the three months ended March 31. At $9.2 million, the firstquarter net profit attributable to shareholders is more than a third of FYOB fullyear net profit, excluding one-off gains.
      FILE PHOTO  -  351 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      63 7 Jl/IMB® the big name in seafood Australian Lobster PROMOTION (Extended till 31st May 09) I* '4. V JUMBO Group of Restaurants East Coast Seafood Centre Tel: 6442 3435 Serangoon Gardens Country Club Tel: 6383 3435 Riverside Point Tel: 6532 3435 The Riverwalk Tel: 6534 3435 Singapore Indoor Stadium Tel: 6440
      63 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rides liquidity wave for 4th day
      606 8  -  YEN SREENIVASAN STOCKS Banks, front-line blue chips continue surge but interest spreads to other counters, especially on the property front ILL the Straits Times index hit the key 2,500-point level soon? That is the question on the minds of more and more market
      loom berg  -  606 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 5 3 0 0 0 10 5 3 lanufacturing 78 64 60 13 13 91 72 73 Commerce 34 22 21 40 23 27 'pt/Stor/Comms 29 29 :inance 24 24 Construction 12 14 'roperties 38
      96 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 73,836 73,836 222,440 222,440 lanufacturing 1,046,797 140,676 1,187,473 480,725 4,510 485,235 lommerce 413,730 95,325 509,055 188,382 20,467 208,849 'pt/Stor/Comms 331,999 241 332,240 500,549 10 500,559 :i nance 96,541 96,541 785,493 785,493 lonstruction 193,824 12,463 206,287 27,834 197 28,032 'roperties
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 8 lapitaLand 3.250 +0.170 lapitaMall 1.480 +0.150 jtyDev 8.350 +0.850 lomfortDelGrc 1.340 losco Corp 1.230 +0.030 IBS Grp 12.000 +0.260 :&N 3.260 +0.130 ienting SP 0.705 +0.010 iolden Agri 0.480 IK Land 2.770 +0.070 IMH 23.360 +0.060 ISH 12.760 +0.060 lardineC&C 15.320 +0.480 Ceppel Corp 6.930 +0.030
      104 words
    • Article
      Lock icon BROKERS' TAKE
      937 8  -  JAMIE LEE United Overseas Bank May 7 close: $15.08 DMG PARTNERS SECURITIES, May 7 UOB reported Ql 2009 net profit of $409 million, down 22.7 per cent y-o-y. This is in line with our expectations. Total income rose a respectable 9.3 per cent y-o-y. Net interest income expanded
      937 words
    • Article, Illustration
      Lock icon Euro gains despite ECB's easing plans
      506 8 Reuters CURRENCIES [NEW YORK] The euro rose against the US dollar yesterday, erasing an earlier swoon after European Central Bank (ECB) president Jean-Claude Trichet announced plans to purchase assets to boost euro-zone growth. After cutting interest rates to a record low of one per
      ■ Reuters; AP  -  506 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      58 8 May 7 VALUE CLOSE BT OB/OS 1120.00+290.0 BT CADI -*****.00+176.0 BT 10-day MA -*****.00+112.0 FTSE ST Mid Cap 457.52 +25.78 FTSE ST Small Cap 377.88+13.97 FTSE ST All Share 536.59+17.37 FTSE ST China Top 206.41 +2.76 FTSE ST China 203.35 +3.41 UOB Catalist 85.67 +1.38 SIMSCI 274.73
      58 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME ih iland 177,329,000 :hina Horn ixim 173,617,000 iolden Ac 160,633,000 Chart SemiCond 147,372,000 Ocean us 92,855,000 RafflesEdu 86,963,000 .exicon Gri 69,241,000 ientim SP 69,147,000 Cosco Con 68,241,000 UniFiber 68,207,000 VALUE($) iBS Gri 310,551,740 i Land 211,641,460 UOB 198,477,695 OCBC Bk 149,883,840 Sim iTel 144,033,378 Con 129,688,840
      61 words
    • Article
      Lock icon RISES
      104 8 CLOSE UP iBXT Ni 10US$ 7558 353.2 3.3 At ES.0905 827 125.0 17.8 GLD 10US$ 8975 107.4 0.8 DBS.ES.0905 1192 92.0 8.4 S I A 1322 88.0 7.1 At 835 85.0 11.3 OCBC Bk5.1%NCPS 100 9530 80.0 0.8 UOB.ES.0905 1454 76.0 5.5 SIA 200 1312 72.0 5.8 'aiwa FT
      104 words
    • Article
      Lock icon FALLS
      116 8 DBXT S&P Short 10US$ CLOSE DOWN 6888-256.1 -2.5 DBXT MSTaiwan 10US$ 1290 -32.4 -1.7 lain 530 -28.0 -3.5 MS India 10US$ 953 -22.1 -1.5 ICBCC 5.1%NCPS 100 9000 -20.0 -0.2 India Ni 10 1098 -11.0 -1.0 Olam 190 -10.0 -5.0 ;TEm 252 -7.0 -2.7 SC Global W*****0 11 -5.5
      116 words
    • Article
      Lock icon CURRENCIES
      84 8 Where S$ stands May 7 CHNG CLOSE FRMay6 YR2009 S$ LOW S$ HIGH USS 1.4700 0.37 1.5579 1.4308 Euro 1.9591 0.22 2.0732 1.9150 Pounds 2.2295 -0.22 2.2712 2.0356 AS 1.1122 -1.72 1.1122* 0.9453 Yen* 1.4805 1.39 1.7278 1.4805® Rupiah* 0.***** -0.02 0.****** 0.***** Baht* 4.2169 -0.49 4.3390 4.1040 Peso*
      84 words
    • Article
      Lock icon April electricity demand rises after 6-month fall
      514 9  -  RONNIE LIM Reversal seen from first half of month; a sign of recovery in the economy By MORE "green shoots" are sprouting in the economy here. Reversing six straight months of demand decline since last October, Singapore's electricity demand has started climbing again
      514 words
    • Article
      Lock icon Retail industry shines in 2007 boom year
      330 9  -  NISHA RAMCHANDANI By THE retail industry did well in the boom year of 2007, an in-depth survey by the Department of Statistics shows. Total operating receipts and overall profitability improved. The survey was carried out in 2008 for reference year 2007. Total operating
      330 words
    • Article
      Lock icon Swiss Re moves HK marine reinsurance ops to S'pore
      249 9  -  EMILYN YAP By THE world's second-largest reinsurer Swiss Re has shifted its Hong Kong marine reinsurance activities to Singapore. "With the move, the volume of business booked in Singapore will more than double," Swiss Re's senior marine underwriter Patrick Graf told
      249 words
    • Article, Illustration
      Lock icon Acetylene fire breaks out in Marina Bay
      197 9 A FIRE broke out yesterday afternoon in the Marina Bay area, but was promptly doused by the civil defence force. The fire, which erupted along a side road, involved acetylene cylinders used in construction, the Singapore Civil Defence Force (SCDF) said yesterday. The
      AP  -  197 words
    • Article
      Lock icon Ion Orchard to have 12,000 sq ft of watch retail
      395 9  -  UMA SHANKARI Internationally renowned luxury watch brands to set up shop in new mall By SWISS luxury watch manufacturer IWC Schaffhausen's standalone boutique in lon Orchard will be part of some 12,000 square feet of watch retail space that the
      395 words
    • Article, Illustration
      Lock icon Stay on bright side to beat slump: panellist
      575 9  -  CHEN HUIFEN Markets in Africa, Indonesia, Mid-East offer opportunities By ENTREPRENEURS here need to remain optimistic if they want to emerge from the downturn stronger, panellists at an SME conference on the business outlook said yesterday. At the conference organised by the
      LIANHE ZAOBAO  -  575 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon 30% road tax rebate to help businesses
        60 9 FROM this Saturday, May 10, owners of commercial vehicles, buses and taxis can renew their road tax based on revised rates for the one-year licensing period from July 1, 2009 to June 30, 2010. The 30 per cent rebate is part of the
        60 words
      • Article
        Lock icon Marina Barrage bags US top honours
        50 9 MARINA Barrage, Singapore's latest waterfront icon, has beaten 33 other entries to take home the Superior Achievement Award at the American Academy of Environmental Engineers Annual Awards. It is only the second project outside the US to win the award in the past decade.
        50 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon IMF says it overstated east Europe financing needs
      500 10 Reuters, Bloomberg [WASHINGTON] The International Monetary Fund (IMF) said on Wednesday it overstated external financing needs of some eastern European countries in a recent report, largely because of double-counting errors, and would publish corrected data soon. At issue is a table the
      – Reuters, Bloomberg; REUTERS  -  500 words
    • Article
      Lock icon Group fingers 25 for sparking financia crisis
      592 10 -AFP Campaign group sends report to leading members of US Congress [WASHINGTON] US and foreign banks were not unwitting victims of circumstance but deliberately culpable in the financial meltdown that engulfed the United States last year, a campaign group said Wednesday. The Center
      -AFP  -  592 words
    • Article
      Lock icon US recovery likely to be tepid: Fed
      356 10 Bloomberg The economy plunged in Ql, with GDP dropping at a 6.1% annual pace [SAN FRANCISCO] A US economic recovery will probably be "frustratingly tepid" as consumers rebuild savings and banks tighten lending standards to curtail losses, said the president of the Federal
      Bloomberg  -  356 words
    • Article
      Lock icon German manufacturing orders up in March
      397 10 Bloomberg Increase adds to signs that economy is slowly recovering [FRANKFURT] German manufacturing orders unexpectedly increased for the first time in seven months in March, adding to signs that the deepest economic slump since World War II may be bottoming out. Orders, adjusted for
      – Bloomberg  -  397 words
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      1627 10 V*^L k AT^T^T/^-T' r> Toll free: 1800-289-8822 V IVIII L W Email: notices@sph.com.sg JL Vta>/ JL JL^^ 1' i 3 www.cats.com.sg thecoZTesTctkh^erso, 111 IN THE MATTER OF I I ,n the matter of II IN THE MATTER OF I Pit U/lnrANlta At I H»Plftr I bit 3UJ tljc rAUDAkucc a^*t
      1,627 words
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      Lock icon Page 10 Advertisements Column 2
      24 10 I GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      24 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Perak state in constitutional limbo
      607 11  -  S JAYASANKARAN Regent had to wait six hours to declare open the proceedings amid unruly scenes in the House By in Kuala Lumpur THE Perak state assembly was adjourned indefinitely after a shambolic start with the Regent having to wait six hours to declare open
      I AP  -  607 words
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      1691 11 _L^l Vta^ X. -I_^^J I> ij Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Consolidated Balance Sheet of the Dresdner Bank Group Income Statement 31/12/2008 31/12/2007 2008 2007 Assets €m €m Income Statement €m €m Cash funds 18,641 6,643 Net interest and current income 2,813 3,061 Trading assets 189,293 160,249 Interest and
      1,691 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China wealth fund brings in new managers
      356 12 Bloomberg Structural changes make CIC more like other SWFs: analysts [BEIJING] China Investment Corp, the sovereign wealth fund that bought stakes in Blackstone Group LP and Morgan Stanley, has appointed new managers at its investment divisions, said three people familiar with the decisions.
      Bloomberg  -  356 words
    • Article, Illustration
      Lock icon Talks on British loan for Jaguar faltering
      516 12 AFP, Reuters Jaguar is unhappy at the conditions being set by the govt [LONDON] Talks between Jaguar Land Rover and the British government over a possible state loan to help the struggling carmaker are close to collapse, media reports said here yesterday. Jaguar
      – AFP, Reuters; AFP  -  516 words
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      2190 12 -L^l _I_ _I_^«^ I l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg NORTHERN TRUST CORPORATION Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois As at December 31 For the Year ended December 31 (US$ in Millions Except Share Information) 2008 2007 (US$ in Millions
      2,190 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon ECB cuts rates to 1 % while BOE boosts asset purchase
      626 13 ECB cuts rates to 1 while BOE boosts asset purchase Reuters, AP ECB allots 60b euros for corporate bond purchase, extends short-term credit [FRANKFURT] The European Central Bank (ECB) and Bank of England yesterday took renewed action to boost growth, even as German manufacturing data gave a further sign the
      – Reuters, AP  -  626 words
    • Article
      Lock icon Q1 productivity up 0.8%; jobless claims down
      381 13 Reuters, AP LATEST US DATA [WASHINGTON] US productivity grew at a slightly high-er-than-expected 0.8 per cent annual rate in the first quarter, government data showed yesterday, after the number of hours worked fell faster than output as firms cut back sharply on employment
      – Reuters, AP  -  381 words
    • Article
      Lock icon Derivatives losses will mount: Mobius
      294 13 Bloomberg [SINGAPORE] Currency and credit derivatives will cause additional losses for companies that hold more than US$5OO trillion of the securities worldwide, Templeton Asset Management's Mark Mobius says. The derivatives are at least 10 times global gross domestic product, Dr Mobius said at a conference
      – Bloomberg  -  294 words
    • Article, Illustration
      Lock icon Nintendo defies recession with record profits
      550 13 AFP [TOKYO] Japan's Nintendo Co bucked the economic gloom yesterday with record profits for the year to March, saying the video game industry was proving to be relatively recessionproof. The strong results are in stark contrast to the financial woes of most Japanese electronics
      AFP  -  550 words
    • Article
      Lock icon Barclays, Lloyds bad loans rising as economy worsens
      427 13 Bloomberg Both banks' shares have seen large gains this year [LONDON] Barclays Pic and Lloyds Banking Group Pic said bad loans may soar this year as the UK economy deteriorates, boosting unemployment and cutting property values. Barclays' impairment charges and other provisions
      – Bloomberg  -  427 words
    • Article
      Lock icon Australia plans to tighten margin lending rules
      270 13 Reuters [CANBERRA] Australia plans to tighten laws governing its As3o billion (5532.9 billion) margin lending industry after several high-profile investment schemes collapsed, sending scores of retail investors into financial ruin. Corporate Law Minister Nick Sherry, in unveiling the planned changes yesterday, said margin
      Reuters  -  270 words
    • Article
      Lock icon Stocks seen needing industrial-recovery proof to hold gains
      533 13 Reuters Demand outside the United States must stay steady for revival to last [BOSTON] The panic about the industrial sector has passed, based on the dramatic rebound of shares from their March lows. But investors need proof that demand is stabilising if
      Reuters  -  533 words
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  • WORLD
    • Article, Illustration
      Lock icon Fiat chief plans to run Chrysler; eyes Saab
      660 14 Bloomberg, Reuters, NYT Chrysler on track to re-emerge from bankruptcy in 60 days: Marchionne [SOUTHFIELD, Michigan] Fiat CEO Sergio Marchionne plans to take charge of Chrysler LLC after the US carmaker emerges from bankruptcy within the 60-day time frame set by President
      Bloomberg, Reuters, NYT; REUTERS  -  660 words
    • Article
      Lock icon AIG bonus payout higher than disclosed
      277 14 AP [CHARLOTTE, North Carolina] Embattled insurer American International Group said that it has set aside and paid in part nearly US$l.5 billion in retention and performance-rela-ted bonuses to its employees, a higher amount than previously disclosed. The payments, US$l billion for retention purposes and
      AP  -  277 words
    • Article
      Lock icon Worst is over for News Corp: Murdoch
      424 14 -AP The company's Q3 net profit grew 1%t0U552.72b [LOS ANGELES] Media conglomerate News Corp reported third quarter earnings in line with lowered Wall Street forecasts on Wednesday, leading Rupert Murdoch to say "the worst is over" for his company's movie, TV and newspaper
      -AP  -  424 words
    • Article
      Lock icon Ford to pump US$550m into Michigan plant
      450 14 LAT-WP Move will represent a significant step towards production of small cars [WASHINGTON] Call it a fork in the road for America's second-largest automaker. Ford announced on Wednesday that it is pouring US$55O million into the ongoing conversion of a Michigan truck plant
      LAT-WP  -  450 words
    • Article, Illustration
      Lock icon ARTISTIC INSTINCT
      37 14 [HEIDELBERG, Germany] An orangutan looks at a picture it had just painted at the zoo in Heidelberg, south-western Germany. Paintings by the orangutans will be auctioned for the benefit of the zoo's monkey house. AP
      AP  -  37 words
    • Article
      Lock icon No torrent of US company relocations expected
      636 14 Reuters NEWS ANALYSIS: OBAMA'S TAX PLAN [BRUSSELS] Europe may attract a few disgruntled American firms looking for lower corporate tax as the United States plans to crack down on tax avoidance but a major wave of company relocations in either direction looks unlikely
      Reuters  -  636 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Airbus cuts A38O delivery target for '09
      676 15 Reuters It blames economic crisis, customers' deferral requests [PARIS] European planemaker Airbus cut its 2009 delivery target for A3 80 superjumbos on Wednesday, the latest in a series of cutbacks, this time blaming the economic crisis and deferral requests from airline customers. Airbus
      – Reuters; AFP  -  676 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURE
      2596 15 AIRLINE CODES: AA American Airlines (AAL), AF A =ranee (AFR), Al A I I ".IQ, AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh A nes (BBC), Bl Royal Brurrt Airlines Sdn Bhd (RBA), BO Bouraq Airlines
      2,596 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        116 15 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd.. Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.36 021 1 23 0 45 1 21
        116 words
      • Article
        Lock icon KLSE
        32 15 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd 0.70 8.50 8.75 3.18 2.70 0.03 -0.01 -0.10 unch 0.02 unch 0.01 471 107' 231 4131 6) 131
        32 words
      • Article
        Lock icon BANGKOK
        12 15 '00 'recious Ship Regional Cont 14.60 7.45 0.20 0.05 9459 3881
        12 words
      • Article
        Lock icon HONGKONG
        6 15 '000 toil 25.95 0.30 5801
        6 words
      • Article
        Lock icon PHILIPPINES
        20 15 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 16.75 unch unch unch 1.25 unch unch 139; 775!
        20 words
      • Article
        Lock icon TAIPEI
        23 15 Evergreen Marine ...18.45 :irst Steamship 46.25 /Van Hai Lines 16.65 fang Ming Marine ..12.55 -0.70 2.30 0.25 0.25 33 24 11 40
        23 words
      • Article
        Lock icon TOKYO
        37 15 '000 :awasaki Hvy lnd...218.00 5.00 ***** :awasaki Kisen 413.00 20.00 9660 /litsubishi Hvy 338.00 15.00 ***** /litsui Eng&Sbldg ..217.00 15.00 9162 /litsui Osk Lines ....640.00 49.00 ***** Jippon Express 364.00 9.00 2518 lipponYusen 458.00 37.00 *****
        37 words
    • Article
      Lock icon Prospect of shipping rate rebound dim
      787 15 Reuters Triple whammy of weak demand, vessel glut, global recession to blame [LONDON] A triple assault of weak consumer demand, vessel oversupply and global recession is set to keep shipping rates under pressure this year and batter any prospects of a major rebound. Over
      – Reuters  -  787 words
    • Article
      Lock icon US airlines report smallest traffic drop in 8 months
      426 15 Bloomberg [ATLANTA] Delta Air Lines Inc, American Airlines and other major US carriers reported their smallest traffic declines in eight months for April, indicating that travel demand may be starting to revive. Combined passenger traffic on the six biggest US carriers
      – Bloomberg  -  426 words
    • Article
      Lock icon Somali pirates hijack Dutch vessel
      170 15 -AFP [NAIROBI] Somali pirates yesterday hijacked a Dutch ship with eight crew members in the Gulf of Aden, the East African Seafarers Assistance Programme said. "Pirates seized a small Dutch ship with eight crew. It was hijacked in the Gulf of Aden two hours ago
      -AFP  -  170 words
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  • CULTURAL SHAANXI
    • Article, Illustration
      Lock icon Treasure trove of historical, cultural relics
      864 16 SPECIAL FEATURE Famen Temple is a masterpiece that's on par with the Qin Terracotta Warriors and Horses THE finger bone relic housed in Famen Temple, according to historical documentation and epigraphy, is the real finger bone of the Sakyamuni Buddha. It is thus a
      864 words
    • Article, Illustration
      Lock icon Centre of Buddhist culture
      807 17 SPECIAL FEATURE Situated in a key Buddhist area, Famen Temple is an architectural landmark to which Buddhists from all of China and worldwide long to visit THE Sakyamuni Buddha's finger bone relic, having been concealed in troubled times, has now been rediscovered in a flourishing age.
      807 words
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      1453 16 Buddhist Holy Land with a History ofa Thousand Years ~**^L to be Eternal Human Cultural Classic }r.FS,W, Z^P ft v SIIWWIIAMK\ TEMPLE CULTURAL SCENIC SPOT Bb A* TO BE REOPENED JMfli ON MAY 9. 2009 VJPMI BRILLIANT WORKS BY WAN QUJIANG>^P?^^Hh Cultural Scenic Spots of Famen Temple, J <J| a
      1,453 words
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  • Page 17 Advertisements
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      1406 17 Buddhist Holy Land with a History ofa Thousand Years ?5^ to be Eternal Human Cultural Classic A SHAANXI FAMEN TEMPLE CULTURAL SCENIC SPOT TO BE REOPENED i ON MAY 9, 2009 BRILLIANT WORKS BY XIAN QUJIANG Cultural Scenic Spots of Famen Temple in Shaanxi shocking Paragon of Passing through the
      1,406 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon How financial advisers should be paid
      479 18 IT is unfortunate that many investors had to write off hundreds of millions of dollars' worth of investments in structured products before action was taken to address serious lapses in the process of selling investment funds to the retail public. The consultation paper issued
      479 words
    • Article, Illustration
      Lock icon EU summit with Japan a missed opportunity
      1050 18  -  SHADA ISLAM The two sides failed yet again to connect on ways of converting their rhetoric into action RELATIONS with Asia will top the European Union's foreign policy agenda this month: a summit was held with Japan earlier this week and meetings are
      BLOOMBERG  -  1,050 words
    • Article, Illustration
      Lock icon When brown energy may be better than green
      740 18  -  ROBERT SAMUELSON THE BOTTOM LINE CONSIDERING the brutal recession, you'd expect the Obama administration to be obsessed with creating jobs. And so it is, say the president and his supporters. The trouble is that there's one glaring exception to their claims: the
      740 words
    • Article, Illustration
      Lock icon US tax revamp and the S'pore angle
      1446 19  -  ABHIJIT GHOSH MICHAEL BREVETTA Obama's proposed measures suggest a fundamental shift in the US concept of international taxation By anu SEEKING an increase in tax revenues of US$2lO billion over 10 years' time, a reduction in revenues lost to "tax havens", and the
      AFP  -  1,446 words
    • Article, Illustration
      Lock icon US regulators good only for going after small fry
      846 19  -  JONATHAN WEIL Bloomberg By AMERICA'S top securities cop once again has shown that it knows how to go after little fish. There is still no sign that it's capable of bagging any powerful sharks. Give the Securities and Exchange Commission (SEC)
      – Bloomberg; AFP  -  846 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8954 20 Transaction date: May 7 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 16 5.5 1938 AEICorp 9.5 1 1100 AEM 23 7 2101 APOil 77 26.5 5550 ARA 8.5 2.5
      8,954 words
    • Article
      Lock icon SGX CATALIST
      1744 21 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil 20 5 1181 s AAGrp 32 13 8538 t APStrategic 2 0.5 t APStrategic R 4 0.5 1501 s Advanced System 11
      1,744 words
    • Article
      Lock icon SGX ETF
      308 21 Hii Low Code Comi Sale COOP) Hii Low By Seller C'vr P/E ,nnl 108 100 6389 ABFSG Bond ETF 108 982 427 CIMBAsean40 100US$ US575 227 149 DBS STI ETF 100 225 +6 2288 1682 DBXT FTChina25 10USS ...US2198 3680 3228 DBXT FTVietnam 10USS ..US3680 1360 850 DBXTMSTaiwan
      308 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      259 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      9329 21 UNIT TRUST FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.745/ AIGIF Spore Bond Fund/ A 1.224/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.88/ APS Alpha Fund (USD)!** 0.59/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5176/ APS Komaba
      9,329 words
  • Page 20 Advertisements
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      25 20 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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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      359 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mai World Index Preliminan 691.3 0.7 2.0 0.8 3.2 0.7 0.9 EAFE Preliminai 661.5 1.0 1.9 0.9 1.5 0.8 -0.7 Euro[ Preliminan 926.8 1.3 1.7 1.2 2.2 1.1 0.0 Pacific 552.6 0.3
      359 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 22 As at 9am May 7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0910 1.1240 Can dollar 1.2540 1.2690 Euro 1.9470 1.9680 NZ dollar 0.8580 0.8770 iterlini ind 2.2150 2.2390 US dollar 1.4650 1.4810 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      171 22 May 7 Overnight 1/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.08 US$ Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.50 0.90 1.10 1.65 2.10 2.30 Offer 0.25 0.40 0.60 0.80 1.35
      171 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 22 May 7 ten Hii Sett STI IIMSCI Ma' 263.9 274.8 274.2 "aiwan Ma' 244.6 250.0 245.2 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 22 May 7 I S! Bid Offer 1-month 1.4715 1.4731 2-months 1.4713 1.4730 3-months 1.4711 1.4728 6-months 1.4708 1.4727 Source: OCBC
      23 words
    • Article
      Lock icon SICOM FUTURES
      189 22 May 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Jun 09 174.0 Jul 09 Aug 09 Sep 09 Oct 09 Nov 09 173.5 173.0 173.0 173.5 173.0 173.0 173.0 173.0 173.5 100 52 52 52 110 210 843
      189 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 22 May 7 Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****A 06.08.09 1-Year BY*****W 03.05.10 0.20 0.31 0.14 0.14 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 10-Year NY*****A 4.000 15-Year
      89 words
    • Article
      Lock icon CHICAGO BOT
      105 22 May 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 09 1135.00 1116.00 1135.00 1111.00 Jul 09 1118.00 1101.00 1119.00 1097.00 Aug 09 1077.00 1061.50 1078.25 1059.25 Sep 09 1023.00 1007.00 1023.25 1009.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 38.65 37.69 38.98
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 22 CRUDE OIL PRODUCTS 5 May 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 55.12 1.30 WTI (Near Mth) 56.24 2.39 Dubai (1-Mth F) 54.11 0.34 Tapis blend 57.85 0.05 Minas 56.00 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 49.32 51.10 -0.35 0.75 US$/barrel Opec
      78 words
    • Article
      Lock icon INTERBANK CROSS RATES
      476 22 May 7 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.880 5.143 0.569 5.842 37.298 78.113 0.746 9.514 2.661 1.275 60.639 35.738 1.110 6.298 0.860 24.962 26.375 0.499 0.754 Canada 1.136 5.843 0.646 6.638
      476 words
    • Article
      Lock icon SIBOR
      78 22 May 7 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths
      78 words
    • Article
      Lock icon PRECIOUS METALS
      142 22 May 7 (US! f/oz) May 06 May 07 Hong Kong London 902.50 910.10 903.50 911.10 May 06 May 05 907.40 903.70 908.60 904.90 Source: Thomson Reuters CAST BAR (S$) May 07 Buying Sellini Kilobar "46,323.51" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      142 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      169 22 May 7 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1090 1.1107 0.7536 0.7540 Canadian dollar 1.2600 1.2620 0.8562 0.8567 Euro 1.9505 1.9529 1.3254 1.3257 NZ dollar 0.8694 0.8713 0.5908 0.5915 Sterlini 2.2211 2.2239 1.5093 1.5097 US
      169 words
    • Article
      Lock icon LONDON METALS
      69 22 May 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1533.00 1507.25 3 months 1570.50 1544.00 Copper, Grade A (US$/tonne) Cash 3 months 4743.00 4750.00 4529.50 4530.00 Lead (US$/tonne) Cash 1440.25 3 months 1452.00 1393.00 1405.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      76 22 May 6 (£/tonne) Close Prev Hii ih/Low May 09 1754 1750 1766/1736 Jul 09 1676 1673 1688/1659 Sep 09 1672 1670 1680/1658 Dec 09 1665 unch 1675/1650 COFFEE (US$/tonne) Close Pev High/Low May 09 1501 1495 1505/1490 Jul 09 1513 1515 1520/1503 Sep 09 1526 1528 1532/1517 SUGAR (US
      76 words
    • Article
      Lock icon PALM OIL
      66 22 May 7 KLCE PALM FUTURES (RIV Delivery Opening Month Range M/MT) Sett Av Price Price Hii Low Vol Open Done Position May 09 2850 Jun 09 2790 Jul 09 2715 Aug 09 2665 Total o/p: ***** contracts 2834 2852 2815 2755 2802 2721 2680 2730 2650 2620 2673
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      294 22 May 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun09 Sep09 Dec09 Mar10 99.1200 99.0650 98.8550 98.7100 6658 2964 2987 3216 EURQYEN TIBQR FUTURES Jun09 99.460 99.460 Sep09 99.550 99.550 Dec09 99.535 99.535 Mar10 99.510 99.515 Jun10 99.475 99.475 Sep10 DedO Mar11 99.455 99.550 99.535 99.505
      294 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2338 22 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left >036AdvanceSCTLtdW*****9 0.5 susp 1 87 2400 7.00 15 3092 Asia Environment W*****4 5 1 38 197 2.90 3 1481 Asia Water Tech W*****0 18.5 1 18 284 0.51 19
      2,338 words
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  • Page 23 Advertisements
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      2945 23 m The Business Times Shipping Times UK CONTINENT SERVICE U.S.A SERVICE Destination Destination STXPOTBN RTM/ANR/TIL STXPOTBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination BKBOSS DBI/ABU/BRN/DOH/DMM/KWI STXPOTBN INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES Tramping for bulk,
      2,945 words
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  • Page 24 Advertisements
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      1125 24 IRISL, ASIA/MED EXPRESS SERVICE (AMX) SINGAPORE REGIONAL OFFICE:|AGENT IN SINGAPORE: I AGENT IN MALAYSIA: IAGENT IN INDONESIA: ASIA MARINE NETWORK PTE LTD SINOSE MARITIME PTE LTD BOUSTEAD SHIPPING AGENCIES SDN BHD PT. BINTANG TATABAHARI TEL: 6220 9362 TEL: 6220 1144 PORT KLANG TEL: 03-3005 8388 FAX: 03-3005 8616 (JAKARTA) FAX-6334
      1,125 words
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      Lock icon Page 24 Advertisements Column 2
      1168 24 ||T|n EASTERN CAR LINER, LTD Uf—s?-— 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I|mmjjjjj2jg^ RgmplKT) I Liltinq(KT) I MNL I MUA I SIN I PKL I BTL I JKT I I FORTUNE WIND 242 30 80 08/05 05/05 I ORTO 91 60 80 10/05 12/05 15/05 I GIGA
      1,168 words
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      Lock icon Page 24 Advertisements Column 3
      841 24 I WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL TOY SIN PKL (IN PORT) [MB (JIT 2) NSA (NSItT) SCI KIRAN 021W 05 MAY 06 MAY II MAY 14 MAY SCI CHiNNAI 002W 09MAY IQMAY ISMAY IBMAY KOTA PiKARANG YPGO7I 12 MAY
      841 words
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  • WINE
    • Article
      Lock icon 1988 well worth waiting for
      1068 25 The vintage is just coming of age, says N X YONG 1988 was the first of an unprecedented trilogy of excellent to great vintages which closed the decade of the eighties in Bordeaux. It also proved to be almost uniformly very good to even great
      1,068 words
    • Article, Illustration
      Lock icon Glassware makes the most of wine
      651 25  -  CHRISTOPHER LIM By IT isn't hard to spot high quality wine glasses. Even if they don't have the distinctive shape of Riedel's angular Vinim-range, all you need to do is clink a pair together to check for the bell-like resonance of thin artisan crystal.
      651 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      1302 25 J.^l V^>/ X. Xv^jXjLJ Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg NOTICE OF APPOINTMENT Jfeg^^^^^^^ =^^j OF PROVISIONAL LIQUIDATOR fW TARKON INVESTMENTS PTE LTD IS AUTOMATED TOUCHSTONE MACHINES LIMITED Take notice that Lee Swee Sick of 27 Foch (Company Registration No. *****9457N) Rood #02-06 Hoa Nam Building Singapore fthp Tnmranvl *****4
      1,302 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      225 25 CRYPTIC CROSSWORD for debate? (6) 30 Gardenia affected by taking 8 stick around at home Nke a 27 Mis contents of doset (4) away water (8) d (5) 31 Start breeding a bird dog (6) f 11 Celebrity parachuting in at- YESTERDAY'S SOLUTION DOWN temptto impress (4-8) uuvvra r- Across:
      225 words
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  • BOOKS
    • Article, Illustration
      Lock icon Paths of great men
      884 26 The subjects of Jeffrey Archer's best-sellers are often larger than life, reports CLARISSA TAN JEFFREY Archer really likes Lee Kuan Yew. This isn't surprising, for in the hurly-bur-ly of UK politics, it is more often members of the Right (of which Lord Archer is one) than
      PAUL STUART  -  884 words
    • Article, Illustration
      Lock icon A tale of honour, hearth and home
      640 26  -  CLARISSA TAN Paths of Glory By Jeffrey Archer Macmillan Pages: 404 Price: 5549.49 (w/o GST) Rating: C+ Reviewed by bAY wnat you nice, jenrey Arcner can write a page-turner. His capacities lie not only in telling a great story as the many blurbs
      640 words
  • Page 26 Advertisements
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      246 26 LUAUKY Mummy's Dearest I Global Kitchen (Level 3) HaiTien Lo (Level 37) s~, i i hiijt-v- i t-> t-> -m- n- -i i r i i t-i i i /-<i Mothers dine with our Exquisite Cantonese lunch and dinner Celebrate Mother s Day in style at Pan Pacific Singapore with
      246 words
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  • Page 28 Advertisements
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      30 28 taUal THE HEARTBEAT OF THE INDIAN COMMUNITY RECESSION BITES FREE MEALS More turn up, so less to eat at places of worship ■I K?£"*\ '^Si—^—^ j _*£> I i i JM2M
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  • Page 28 Miscellaneous
    • Miscellaneous
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      418 28 THE European Union Film Festival returns for the 19th time this year, bringing with it a cinematic showcase of critically acclaimed films from most of the European Union's member countries, as well as fresh exchange initiatives aimed at fostering improved cultural exchange with Singapore. One of the longest-running film festivals
      418 words
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  • Page 29 Advertisements
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      422 29 Australia. M tm M I Gil I|>^B MA.' i I it I V_^l P www.southaustraiia.com h|K^ l>s A I I f» I f *H (HrWIBPS^B b B^^^. *Return ec°n°mYairfare P^^^^3giiiilltiiikiLjiil*i«i"***"'*—™-i hV 4 nights motel accommodation nciciicu f%J\ S\* f% Q3VS Car rental ■^■JEH'"' Kt7 /?i»/V^Ks)"y">^ rSbyTWftJflhl'Wwffi@ Pk Suggested Touring Route:
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  • executive lifstyle
    • Article, Illustration
      Lock icon Nightlife: still happening
      1395 30 Unlike other sectors in the lifestyle industry that have been hard hit by the economic downturn, the local clubbing scene is still healthy. In fact, some operators are expanding and party planners are in demand, reports MELISSA LWEE FOR the folks over at The Lo Behold Group,
      1,395 words
    • Article, Illustration
      Lock icon The party line
      713 30 CLUBS in Singapore trying to keep their numbers up in a tight market are increasingly turning to independent party planners to organise crowd-drawing events. It's part of a new business trend that's already commonplace in Europe and America. What these club promoters as they are known internationally
      713 words
    • ARTS
      • Article, Illustration
        Lock icon Paper as an artistic medium
        948 27 Globalisation might undermine the value of emotional and intellectual commitment to this age old art form, says EMILYN ANG ACCORDING to German philosopher Walter Benjamin, "even the most perfect reproduction of a work of art is lacking in one element: its presence in time and
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        Lock icon Award-winning shows will please all
        660 27  -  CHEAH UI-HOON SINGAPORE ARTS FESTIVAL By IF you're still scratching your head over which acts to catch in the upcoming Arts Festival programme, you could play it safe and check out the list of award-winning shows. This year's festival is noted for its "crowd-pleasers" with
        660 words
      • Article, Illustration
        Lock icon Our team's top 10 picks
        491 27  -  CHEAH UI-HOON CHRISTOPHER LIM By and MUSIC Jeremy Monteiro Tang Quartet (May 29 30): Singapore's most prominent jazzman and chamber ensemble meet international jazz stars Randy Brecker, Ernie Watts and Richard Jackson, premiering works by two different composers. That's a ridiculous concentration of talent. Invisible
        491 words
      • Article, Illustration
        Lock icon Portraying creatures of mood
        705 27  -  CLARISSA TAN By WHICH animal are you? Are you cuddly, ferocious, cunning, swift or deadly? These questions were the starting point for Malaysian artist Chong Siew Ying's latest exhibition Frame of Mind, which features studies of horses, cats, dogs and lions. The oil paintings, currently on
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    • CINEMA/ARTS
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        Lock icon Smart, stylish, upbeat & entertaining
        618 28 Smart, stylish, upbeat entertaining CINEMA Movie's characters are treated with respect and it also conveys a sense of humour throughout, says GEOFFREY EU JUST about the only thing missing from the new Star Trek (apart from William Shatner, that is) is the word "Origins" in the title (perhaps X-Men had
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      • Article, Illustration
        Lock icon Better to head for the real thing
        523 28  -  GEOFFREY EU By THE makers of The Ramen Girl were probably hoping that some of the magic dust from originals like Tampopo, The Karate Kid and Like Water for Chocolate would rub off on their modest effort, and to some degree it does,
        523 words
      • Article, Illustration
        Lock icon A restrained, quiet study of human emotions
        309 28  -  AMANDA DE GUZMAN By COMPOSED of several vignettes that go back in time, Claustrophobia is a restrained and ambiguous portrayal of the quiet human explosions that occur in close quarters. First-time director Ivy Ho reveals her illustrious screenwriting roots her oeuvre includes Comrades:
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      • Article, Illustration
        Lock icon Much Ado under the stars
        518 28  -  AMANDA DE GUZMAN By "BOY meets girl" is a trope as old as time, and very few do it better than the Bard himself. While there have been countless renditions of Much Ado About Nothing, one of Shakespeare's most enduring romantic comedies, none has taken
        518 words
    • MUSIC/GAMING
      • Article, Illustration
        Lock icon Born in Aust, made in Singapore
        815 29  -  CHRISTOPHER LIM Corinne Gibbons is ready for the spotlight, says IT'S amazing how many talented expat musicians are lurking just outside the spotlight in Singapore. Corinne Gibbons is a long way from Bega, the small Australian town she grew up in. The indie singer
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        Lock icon Melody Gardot lives up to her name
        797 29  -  CHRISTOPHER LIM My One And Only Thrill Melody Gardot Verve Rating: B+ Inland Territory Vienna Teng Zoe Records Rating: B+ Sara Watkins Sara Watkins Nonesuch Rating: C Primavera Anticipada Laura Pausini Atlantic Rating: C By i MUSIC becomes an intimate friend when it
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      • Article
        Lock icon Dying to master the game eventually pays off
        485 29  -  LEE KIM SIANG I By CASUAL gamers, take heed: this game is not for the faint of heart. It requires a steady hand, an impeccable sense of timing and lots and lots of patience and determination. But if you think you have
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  • Page 30 Miscellaneous