The Business Times, 9 May 2009

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Total Pages: 45
1 45 The Business Times
  • 17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 9-10,2009 ssi.oo MICA (P) 198/08/2008 Sf_l A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • 727 1  -  Uma Shankari Anticipation is running high for this year's GSS, billed by some as the mother of all sales By shankari@sph.com.sg Singapore THE annual Great Singapore Sale (GSS) will kick off on May 29, but with three weeks to go, many retailers here have already
    727 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 214 1 gb LETTER FROM MEXICO I the raffles conversation WEALTH Abrupt end to a I ERNST YOUNG Emerging markets M tk delightful stay 6 ___kr.«! CEO JAMES TURLEY 6-7 the way to go 26-27 FINANCIAL FALLOUT SWFs lose USss7b in equities Abu Dhabi Investment Authority suffers 90% wipeout of the US$7.5
      214 words

  • TOP STORIES
    • MARKETS
      • 44 2 KL COMP 1,026.78 +3.31 NIKKEI 225 9,432.83 +47.13 HANG SENG 17,389.87 +171.98 SET Closed JAKARTA 1,862.53 +33.68 MANILA 2,241.98 +3.06 KOSPI 1,412.13 11.05 SHENZHEN B 387.79 +6.72 MUMBAI IND 11,876.43 -240.51 llWam EDT Chanop 11.30am EDT Change DOW 8,526.54 +116.69 NASDAQ 1,723.03 +6.79
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      • 30 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,53 HONG KONG 5,00 INDONESIA 16,773 TAIWAN 4,826 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,25 SWITZERLAND 0,52 INDIA 12,25 Source: I
        Bloomberg  -  30 words
      • 42 2 us$ 'S$ ier US$; 1.466 ;us$/ 1.503 2.20' EURO :us$, IS$i 1.340 1.966 YEN 99.40 67.80 RM 3.521 2.401 HK$ 7.750 5.286 BAHT 34.88 23.78 RUPIAH 10,380 7,079 RENMINBI 6.821 4.652 INDIAN RUPEE 49.37 33.67 A$ 1.324 0.903 NZ$ 1.682 1.147
        42 words
    • 822 2  -  Conrad Tan Worst may be over as Ql earnings beat forecasts, but recovery could be slow By conradt@sph.com.sg Singapore BANKS here reported better first-quarter earnings than many expected, but analysts warned that the recovery in profits will likely be muted for some time.
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    • 425 3  -  Emilyn Yap By emilyny@sph.com.sg Singapore MISERY loves company, and sovereign wealth funds (SWFs) can certainly commiserate with one another when it comes to counting their investment losses. A new academic study shows SWFs had together lost almost U5557.3 billion from listed equities
      425 words
    • 438 3  -  Winston Chai But bitter pill is sweetened by attractive severance package By winstonc@sph.com.sg Singapore MICROSOFT'S local employees dodged the first bullet but could not escape the next, as the economic downturn continues to crimp technology spending by businesses and consumers. BT understands that
      REUTERS  -  438 words
    • 1008 4  -  Andrew Marks By btworld@sph.com.sg Markets generally pleased with stress test results that show banks must raise a total of U5574.6 billion to build a sufficient capital cushion New York THE stress tests proved to be not so stressful, after all. After more
      I REUTERS  -  1,008 words
    • 390 4  -  Teh Shi Ning By tshining@sph.com.sg Singapore THE arrest of escaped Jemaah Islamiah (JI) leader Mas Selamat Kastari was confirmed by Singaporean and Malaysian authorities yesterday. Mas Selamat, accused of plotting to crash a plane here, had been on the run for more than
      390 words
    • 643 5 BloomDerg Nine stress-test banks that don't need capital may be able to grab market share and talent Washington JPMORGAN Chase Co and Goldman Sachs Group Inc, banks that passed government stress tests without needing fresh capital, may win more backing from
      Bloom- Derg; US Treasury Department Reuters Graphics  -  643 words
    • 510 5 AP LATEST US DATA Washington THE pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 per cent, the highest since late 1983, as many businesses remain wary
      AP  -  510 words
  • Page 2 Miscellaneous
    • 59 2 NEWS LIVING Top stories 2-5 Design L 2-4 Raffles Conversation 6,7 Gadgets L 5 Letter From Abroad 16 pining L 6,7 World T7,TB Travel L 8.9 Stocks stats T9-23 Shopping Llo,n Perspective 24,25 House Garden U2,T3 Wealth 26-3 T Health LI 4 Wealth Insights 28 Sports LTS Show Me The
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  • Page 3 Advertisements
    • 35 3 IXUhnd the ones byr t^ f J THAT FIT! H p^y Recruit the right people I_3 __J through CATS Recruit. f "IT"? C| Call 1800 289 8822 or email \/-> I < v>^\recruit@isph.com.sg j 1/ to advertise.
      35 words
    • 22 3 PRIVATE POOL, COURTYARD, GYM AND SAUNA A Everything you imagine a comfortable luxurious home to be... Elk, AFFORDABLE M^ PRICE TAG! f^Fk
      22 words



  • THE RAFFLES CONVERSATION
    • 2727 6  -  Anna Teo Even in challenging times, don't let the urgent get in the way of the important, says Ernst Young chairman and CEO James Turley. By LL in a day's work, James Tur- ley flew into Singa- pore in the wee hours from Bei- jing, had
      JOHN HENG  -  2,727 words
    • 78 6 Raffles Hotels Resorts 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
      78 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • 44 7 WHILE the headlines tell of the plight of the jobless, a silent army of shoppers are tightening the reins on their plastic. The middle class, the gainfully employed and even tai-tais now think twice before splurging on discretionary items.
        44 words
      • 56 7 THE government on Sunday fleshed out new measures to help a group that is increasingly feeling the pinch in the current downturn -the PMETs or professionals, managers, executives and technicians. It is allocating another $100 million in enhanced measures that are mostly directed at
        56 words
      • 48 7 ASIAN stocks surged to a sev-en-month high on Monday, powered by last Friday's US market rally and growing confidence that the global economy is recovering faster than expected. The Straits Times Index soared 108 points to 2,028.71, gaining 5.65 per cent.
        48 words
      • 49 7 A STOLEN truck carrying accounting records. A mysterious power failure. Missing disk drives. All these were made public by three independent directors of China Sun Bio-Chem, who felt these incidents would "severely limit" an independent review of the company's finances.
        49 words
      • 50 7 THE sweeping changes to US tax rules proposed by President Barack Obama on Monday could deal a painful blow to Singapore, Hong Kong, Ireland and other locations favoured by US multinational firms for their overseas operations, senior partners at tax firms here said.
        50 words
      • 42 7 OVERSEAS Union Enterprise and its master tenant at the Grangeford condo have been instructed to restore the apartments to their original condition. Ideal Accommodation, the master tenant, had subdivided apartments into smaller units resembling a dormitory layout.
        42 words
      • 49 7 A SLEW of encouraging data, soothing words from the world's most powerful central banker, increasing confidence in the survival prospects of US banks and a huge inflow of liquidity sent Asian markets surging for the third consecutive day to new half-year highs on Wednesday.
        49 words
      • 59 7 AFTER a nine-month lull, investment sales activity for office buildings could pick up soon. BT understands a deal is on the cards for Parakou Building. Due diligence is also said to be going on for the 13-storey Anson House, while VTB Building (formerly
        59 words
      • 99 7 WITH the influenza A (H1N1) virus turning out to be less contagious and deadly than first feared, Singapore will lower its pandemic alert status level from the current orange to yellow by next Monday. This progressive step-down, however, will depend
        AFP  -  99 words
      • 50 7 THE US government has told Bank of America that it needs U5533.9 billion in capital to withstand any worsening of the economic down- turn, according to an executive at the bank, a determination that could make the US the bank's controlling shareholder.
        50 words
      • 38 7 THE troubling developments at Sin-gapore-listed China Sun Bio-chem Technology are building up to a climax, the company's independent directors said on Thursday that chairman and CEO Sun Guiji has been suspended from his posts.
        38 words
      • 67 7 US banking regulators may be tempted to force marriages and asset sales among banks to fill mul-ti-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 watchers
        67 words
  • Page 7 Miscellaneous
    • 161 7 CRYPTIC CROSSWORD /-7\ —^^J—^^^r^^^^^J~~^^J~~^^J~~^^^^^ hand! (6) 21 Clobber and sets about J_^J_^J^_^J_ yesterday's solution the man (7) __JMl__Jl^BL__J^B^^BlML__J^BL__J^HL_|^H|__ Across: 1 Bolder, 4 Academic, 9 trouble (8) 1 1 ton, 14 Lean, 17 First sea lord, 20 26 Touch of Caution's Deprivations, 23 Rack, 24 Spank, 25 gripping socialist leader 31
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    • 112 7 NEXT WEEK Mayii-15,2009 US DATA: May 12 March trade balance April Treasury budget May 13 April export/import prices April retail sales March business inventories Crude Inventories May 14 April core PPI Initial claims April PPI May 15 April core CPI May empire manufacturing Net long-term TIC flows Capacity utilisation April
      112 words

  • FROM THE DESK OF
    • 800 8 There is no time like now for organisations to re-strengthen their focus on cost management and introduce substantial cost-saving plans I FROM THE DESK OF Jean-Marc Busato Managing director Asia Pacific, Carlson Hotels Worldwide THE unprecedented economic turmoil currently hitting the region is posing stiff challenges
      800 words

  • COMPANIES
    • 687 9  -  Siow Li Sen Chairman Koh Boon Hwee cautiously optimistic, says financial risk significantly improved from six months ago Reports by lisen@sph.com.sg Singapore DBS Group Holdings chairman Koh Boon Hwee is "cautiously optimistic" about the banking industry as the bank maintains its
      687 words
    • 333 9 DBS Group Holdings chairman Koh Boon Hwee said that the bank has a lot of options in its search for a chief executive, after he dismissed talk that he would be interested in the job himself. "Why would I want to
      YEN MENG JIIN  -  333 words
    • 321 9  -  Nisha Ramchandani By nishar@sph.com.sg Singapore DESPITE the slowing global economy, Sembcorp Marine's net profit surged to $120.2 million for the first quarter ended March 31, 2009, up 31.6 per cent from $91.3 million a year earlier. Group turnover rose 49 per cent
      321 words
    • 457 10  -  Jamie Lee Through Tang Unity Three LLP, they want to buy the remaining shares they do not own at 83 cents per share By leejamie@sph.com.sg Singapore THE Tang family is mounting its third attempt in five years to privatise its retail firm CX Tang,
      457 words
    • 716 10  -  Chew Xiang Oh Boon Ping CORPORATE FOCUS That's the reticent attitude firms adopt these days. By and MOST people who bother with the matter at all think China stocks listed here are in a bad way and it is generally assumed that if
      BLOOMBERG  -  716 words
    • 258 10  -  Jamie Lee By leejamie@sph.com.sg Singapore HTL International Holdings bounced into the black in its first quarter after a foreign exchange gain. The sofa maker yesterday reported a $14.9 million net profit for the three months ended March 31 reversing a net loss of $8.17 million
      258 words
    • 639 11  -  Conrad Tan STOCKS I conradt@sph.com.sg Journalist BLUE chips snapped their winning streak yesterday, but still finished the week with their best performance in years. The Straits Times Index (STI) closed 3.39 points or 0.2 per cent lower at 2,238.21, reversing a gain
      639 words
    • 115 11 VOL CLOSE Honi *****1 21 3.0 16.7 Abterra 249^90 6.5 2.5 62.5 :hin; 208, ai 15.5 2.0 14.1 EUNetworks 161,996 2.5 0.0 0.0 iolden 160,977 47.5 -0.5 -1.0 Chart SemiCond 128,034 20 05 2.6 JiutianC 121,195 12 1.5 14.3 Yar 113,708 63 5.5 9.( Centillion 105,640 1.5
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    • 59 11 CLOSE UP DBXT FTVietnam 10US$ 3870 278.5 5.2 DBXT S&P Short 1OUS: 6970 120.2 1.2 OCBCCai 5.93%Pref1O 7050 70.0 1.0 .0905 270 63.0 30.. OCBC Bk 4.5%NCPS 100 8580 40.0 0.5 Jardine C&C 1560 28.0 1.8 Con i.ES.0905 715 26.0 3.! UOB.ES.0905 1480 26.0 1.8 :l T&T 139
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    • 51 11 BY CENTS CLOSEDOWN JMH 2216 -175.9 -5.1 JSH 1222 -79.2 -4.2 SI A 1254 -68.0 -5.1 SIA 200 1256 -56.0 -4.3 SIA.ES.0905 1260 -40.0 -3.1 UOB 1474 -34.0 -2.3 India Nift 10 1079 -19.0 -1.7 UOI 240 -15.0 -5.9 lain 520 -14.7 -1.' Asia Pac Brew 1100 -12.0
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    • 114 11 itock name Close Chai CapitaLand 3.250 1.470 -0.010 Cifr 'Dev 8.490 +0.140 ComfortDelGro 1.360 +0.020 Cosco Corp 1.330 +0.100 DBS Gn 11.900 -0.100 F&N 3.350 +0.090 Gentin: SP 0.725 +0.020 Golden Agri 0.475 -0.005 HK Land 2.780 +0.010 JMH 22.160 -1.200 JSH 12.220 -0.540 Jardine C&C 15.600 +0.280
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    • Business briefing
      • 59 11 STRACO Corporation, a developer and operator of tour-ism-related attractions, has reported a net profit of $2.15 million for the first quarter ended March 31, four times the $0.53 million a year ago. Revenue was 15.9 per cent higher at $7.15 million, as visitors
        59 words
      • 67 11 JADE Technologies has reported zero turnover and a total net loss of $1.76 million for the half-year to March 31. The company has sold its only operating business, a coal mine in Indonesia that proved unprofitable to exploit, and is now weighing
        67 words
      • 52 11 ECS Holdings yesterday reported a 17.5 per cent rise in net profit to $6.9 million for the first quarter ended March 31. Revenue dipped 1.3 per cent to $715.2 million, while earnings per share were 1.89 cents, up from 1.61 cents a
        52 words
      • 53 11 PROPERTY developer Hiap Hoe yesterday reported a 62 per cent jump in net profit to $6.9 million for the first quarter ended March 31. Revenue almost doubled to $15.4 million, while earnings per share came to 1.82 cents, up from 1.4 cents
        53 words
    • 434 11  -  Emilyn Yap By emilyny@sph.com.sg Singapore LOCAL conglomerate Fraser and Neave (F&N) is "not interested" in a rights issue but may tap the equity market if a huge merger and acquisition opportunity were to arise. The group declared this at its results briefing yesterday, when
      434 words



  • Page 12 Advertisements
    • 1611 12 JL^I V^rf/ JL JL^^^ 1 \J Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg 1 PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED S^X^^C^^r Notice of 45 th Annual General Meeting NOTICE IS H EREBY GIVEN that the 45 ir' Annual General Meeting of the Company will be held at Raffles Town Club, Dunearn Roam
      1,611 words

  • SINGAPORE
    • 487 13  -  Victor Katheyas Affected parties are inventive and will find ways to handle the changes, says varsity don By sions to the tax code that would disallow such practices. Tax analysts here have told BT such revisions could potentially affect Singapore significantly, with one saying
      487 words
    • 105 13 ONE FOR THE ALBUM AND FOR ISLAMIC FINANCING A GROUP of central bankers and financial regulators from the Middle East and Asia, and the president of the Islamic Development Bank (IDB) calling on Prime Minister Lee Hsien Loong at the Istana yesterday. The six governors, one deputy governor and the
      105 words
    • 278 13 GE Money became the latest member of Credit Bureau Singapore (CBS) yesterday. It is now CBS's first non-MAS-regulated member, after it was recognised in the Government Gazette yesterday as "authorised to receive customer information from the credit bureau". As a member, GE Money
      278 words
    • 356 14  -  Nisha Ramchandani Recession drives labels to boost efficiency, cut costs and raise standards By nishar@sph.com.sg THE recession is turning out to be a wake-up call for luxury brands, which must implement lasting changes to boost efficiency, cut costs and raise service and quality standards. "The
      REUTERS  -  356 words
    • Briefing
      • 51 14 MOST health insurance policies in Singapore include payments for medical costs related to pandemic influenza but exclude medical expenses during a quarantine period. And some may include a clause excluding specific infectious diseases. Policyholders also need to check whether their policies are limited by geographical
        51 words
      • 44 14 OFFICIAL merchandise for the Ist Asian Youth Games is now available at 20 post offices across Singapore and at eight Singapore Sports Council sport and recrea- tion centres. It includes a deluxe stationery set, sports wear and accessories.
        44 words
      • 75 14 UNITED Overseas Bank has launched the 28th UOB Painting Of The Year competition and entered into a three-year partnership with Fukuoka Asian Art Museum (FAAM) to institute the UOB-FAAM Residence Programme. The overall winner can attend a one-month residence programme at FAAM. Those who
        75 words
    • 257 14  -  Jessica Yeo By yeojess@sph.com.sg PARENTS are right to be concerned about the Association of Women for Action and Research's (Aware) programmes on sex education, Senior Minister of State for Education S Iswaran said yesterday. Speaking at Coca-Cola Singapore's 123 rd anniversary celebration, Mr
      257 words


  • LETTER FROM ABROAD WITH ASCOTT
    • 875 15  -  Melvin Yang LETTER FROM MEXICO Third year student, Nanyang Technological University's Nanyang Business School We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter@sph.com.sg along with a photo of
      AFP  -  875 words
  • Page 15 Advertisements
    • 228 15 NOW DEFINING GLOBAL LIVING ffii Ascott invites you to celebrate its 25th anniversary with special rates and SSSIfSB !^B JsPSm promotions at our participating serviced residences in China. From the J™ O/ 2m| DP'SXHS j spacious exclusivity and refinement of Ascott to the pampering touches for C\ OFF RF^T \'iA
      228 words
    • 15 15 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words

  • WORLD
    • 318 16 KL, to mer getwo stock market broads Reuters Companies listed on Mesdaq to be subsumed under a market to be called ACE Market Kuala Lumpur MALAYSIA will merge the main and second boards of its stock market under new equity fundraising guidelines to take effect in August this year, the
      . Reuters; REUTERS  -  318 words
    • Briefing
      • 73 16 Reuters London Royal Bank of Scotland posted a small first-quarter loss yesterday as strong growth at its investment banking arm mitigated the impact of impairment losses and credit market writedowns totalling £5 billion (Ssll billion). The bank, now 70 per cent owned by the British
        Reuters  -  73 words
      • 85 16 Reuters New York American International Group reported its smallest loss in six quarters on Thursday, hurt once more by investment losses and write downs. AIG, the giant insurer bailed out by the US government, has lost more than US$lOO billion over those periods, largely from excessive
        Reuters  -  85 words
      • 88 16 Reuters Wellington Australian phone company Telstra Corp yesterday named a new chief executive and a new chairman, in a move expected to herald better ties with the government. Telstra executive David Thodey will take over the top job from the feisty Sol Trujillo, while Catherine Livingstone
        Reuters  -  88 words
      • 81 16 AFP Sydney Australia yesterday gave the green light for a China steel firm to increase almost threefold its stake in iron ore explorer Gindalbie Metals. Treasurer Wayne Swan approved Anshan Iron and Steel Group's (Ansteel) application to increase its interest in Perth-based Gindalbie from 12.6 per
        AFP  -  81 words
      • 65 16 Bloomberg Sydney Macquarie Group is bidding for an American Interna- tional Group fund unit with about US$lOO billion under management, sources said. AIG expects to sell the unit for as much as US$5OO million, one of the people said. Macquarie is among several firms pursuing AIG
        Bloomberg  -  65 words
      • 52 16 Bloomberg New York Las Vegas Strip casino gambling revenue fell 12.3 per cent in March from a year ago, less than in previous months, as the industry reported signs that business may be stabilising. Casino proceeds dropped to U*****.1 million in March, Nevada's Gaming Control Board said
        Bloomberg  -  52 words
      • 64 16 Bloomberg New York Four current and former executives of Ernst Young LLP were convicted of federal charges that they sold illegal tax shelters to wealthy clients. A federal jury in Manhattan returned the verdicts against Robert Coplan, Martin Nissenbaum, Brian Vaughn and Richard Shapiro for their role
        Bloomberg  -  64 words
    • 327 16  -  S Jayasankaran By btworld@sph.com.sg Kuala Lumpur MALAYSIAN Prime Minister Najib Razak has ordered the release of 13 detainees, including the remaining three leaders of the Hindu Action Force (Hindraf) from custody under the Internal Security Act (ISA). They are expected to be
      327 words
    • 401 17 Reuters Global crisis reverses its rapid expansion into overcapacity almost overnight Tokyo TOYOTA Motor Corp forecast a much bigger-than-expected US$B.6 billion annual loss yesterday and said that it would sell about one million fewer vehicles this year. The global crisis that has battered demand
      Reuters; AP  -  401 words
    • 429 17 NYT Detroit EVEN after receiving US$l5.4 billion in federal loans, General Motors (GM) is once again on the brink of financial collapse. The carmaker's first-quarter earnings released on Thursday showed that GM was losing more money and sales than it was in late December, when the
      NYT  -  429 words
    • 326 17 AP Washington BARACK Obama's proposed budget, distributed with fanfare on Thursday, fails to deal with his biggest money problems. A slow economic recovery will make it difficult to find the huge sums that he will need to reach his biggest goals fixing health
      AP  -  326 words


  • SGX
    • 2401 18 Transaction date: May 8 ligh ligh Low Code Company Sale C000) High Low Buyer Seller C'vr P/E Smil I _0 10.5 6 l;5 !3 '6.5 l;5 0.5 38 5.5 I 1.5 5.5 2.5 !6 1 4 I 17.5 12.5 1^ 26 5 ;6 !4.5 10 16 17 17 _26 !60
      2,401 words
    • 3344 19 Transaction date: May 8 ligh Low Code Company Sale (■000) High Low Buyer Seller C'vr P/E Smil !1 13 1110 Datapulse '1 10 2502 Del Monte 165 55 1957 DelongH 16 10 3143 DesignStudio !3 3^5 1523 Devotion 1670 ***** 6065 Diamonds 0.5 1035 Digiland 8 3 3412 DragonGp !4.5
      3,344 words
    • 3372 20 Transaction date: May 8 SZ-wks Tel Last ligh Low Code Company Sale Vol Day Last Quote Div GrYld Net M Cap C000) High Low Buyer Seller C'vr P/E $mil 14 10.5 3114 NewToyo 17 +1 !6 3.5 3527 Nico Steel 6 -1 1.5 3 2309 Nippecraft 5.5 unch 2.5 4.5
      3,372 words
    • 1732 21 High Low Code Company Ugh Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181s AA Grp 12 13 8538 t APStrategic 0.5 t APStrategic R 1 0.5 1501 s Advanced System 1 2 3480 t Adventus !8 8.5 3518 s Afor 7.9 2 1524 t
      1,732 words
    • 50 21 MAIN Up Down Unch 14 2 2 SDQ Up Down Unch 0 0 0 TOTAL Up Down Unch 14 2 2 Multi Ind lanui tectunnj ■ommerce ■inance .onst ruction Totel Sts" >ervices led >as/ latef iTnTrii larr Active counters with no volume for today are not included
      50 words
    • 180 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 3onus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      180 words
    • 795 21 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 4 Trans Date Shareholder/ Director Sell Conv Shares '000 Per ShrS Before ('000) After ('000) Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) itock Stock 5arkwaylife Reit
      795 words
  • Page 18 Advertisements




  • MARKETS
    • STOCK MARKETS
      • 19 22 Source: YTD change:+27.osB% 52-week high: 3,254.44 on May 20,2008 52-week low: 1,455.47 on March 10,2009 Bloomberg
        ': Bloomberg  -  19 words
      • 20 22 Source: YTD change: +20.868% 52-week high: 25,822.00 on May 19,2008 52-week low: 10,676.20 on Oct 27,2008 Bloomberg
        : Bloomberg  -  20 words
      • 26 22 YTD change:-4.176% 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: i Bloomberg
        : Bloomberg  -  26 words
      • 21 22 YTD change: +44.202% 52-week high: 3,706.72 on May 15,2008 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
        : Bloomberg  -  21 words
      • Article, Illustration
        18 22 Source: YTD change:+6.47l% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Bloomberg
        : Bloomberg  -  18 words
      • 365 22 May 7 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 696.0 0.0 2.7 -0.2 3.6 0.3 1.9 EAFE Preliminai 667.8 1.0 2.9 0.9 2.4 1.4 0.7 Euro| Preliminai 921.7 -0.5 1.1 -0.5 1.7 0.0 0.0 Pacific 574.0
        365 words
      • 156 22 Maysl :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.1070 Offer 1.1082 Bid 0.7553 Offer 0.7555 :anadian dollar 1.2549 1.2566 0.8562 0.8566 iuro 1.9645 1.9665 1.3403 1.3406 IZ dollar 0.8708 0.8724 0.5941 0.5947 jterlini 2.2032 2.2056 1.5032 1.5036 IS dollar 1.4657 1.4669 ;$/US$ to
        156 words
      • 67 22 May-\ IOCOA (£/tonne) Close Prev Hi! ILovi 1815 1754 1816/1756 lul 09 1735 1676 1735/1675 5epO9 1732 1672 1732/1671 )ecO9 1726 1665 1726/1664 :OFFEE (US$/tonne) Close Pev High/Low 1477 1501 1505/1460 lul 09 1490 1513 1519/1472 5epO9 1503 1526 1531/1490 SUGAR (US tonne) White Close Prev High/Low ,ugO9 449.5
        67 words
      • 64 22 MayB| KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi) May 09 2809 Jun 09 2731 Jul 09 2666 Aug 09 2605 Total o/p: ***** contracts 2830 2845 2809 2750 2777 2723 2685 2715 2656 2625 2655 2600 Turnover:
        64 words
      • 91 22 May 7[| iNS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low May 09 1119.*****5.*****5.*****6.00 JulO9 1102.*****8.*****1.*****5.00 Aug 09 1063.*****7.*****9.*****8.25 Sep 09 1014.*****3.*****5.*****2.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low May 09 38.47 38.65 39.12 38.30 JulO9 38.78 38.98 39.59 38.51 Aug 09 38.95 39.14 39.57 38.76 Sep
        91 words
      • 77 22 May 7|| :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 56.73 1.61 56.38 0.14 56.66 2.55 60.60 2.75 58.75 2.75 •RODUCT ISS/barrel (FOB Spore) Close Change lore' \l aphtha let Kerosene 51.77 2.45 64.25 3.15 JSS/barrel )pec Oil
        77 words
      • 70 22 May 8 iOLD (US$/oz) May 08 May 07 -long Kong 910.70 910.10 911.70 911.10 May 07 May 05 .ondon 913.20 903.70 914.40 904.90 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 20.4 20.17 Source: UOB >LATINUM Lon (US$/oz) May 07 Close Previous 'M Fix 1161.*****6.00 M Fix 1164.*****1.00
        70 words
      • 71 22 May 7| Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3 months Copper, Grade A 1530.75 1567.00 1533.00 1570.50 2JS$/tonne) Cash 3 months Lead (US$/tonne' 4700.50 4710.00 4743.00 4750.00 Cash 3 months 1448.00 1461.00 1440.25 1452.00 Nickel ;LJS$/tonne' Close Previous Cash 3 months Tin (US$/tonne' *****.00 *****.00 *****.00 *****.00
        71 words

  • PERSPECTIVE
    • 1501 23  -  Amit Roy Choudhury Infosys founder Narayana Murthy on being capitalist in mind and socialist at heart By NE of the pioneering entrepreneurs who H took full advantage of India's dramatic move to liberalise its economy in the early *****, NR Narayana Murthy, believes that compassionate capitalism rather than
      ARTHUR LEE  -  1,501 words
    • 783 23  -  Seth Freeman By SINCE I don't understand the economic crisis, I listen to lots of talk and go to lots of conferences about it. I still don't understand it, but my efforts have led me to some surprises: How tempting it is to say,
      783 words

  • Wealth
    • WEALTH .INVESTING
      • 980 24  -  Genevieve Cua Templeton's Mark Mobius argues emerging markets should trade at a premium to developed markets as the economies have more growth potential. By STRATEGISTS and fund managers at Merrill Lynch's Asia Stars conference this week say the recent sharp run-up in stocks is
        : Factset  -  980 words
      • 744 24  -  Jamie Lee Wing Tai Fully valued DBS Vickers Securities May 8 May 8 close: $1.30 EVEN Big Bird needs to rest: Wing Tai recorded a Q3 2009 net profit of $21.4 million (-23 per cent y-o-y) on a 19 per cent decline in top line to $89.6 million.
        744 words
      • 915 25  -  Albert Lam WEALTH INSIGHTS I Base your investment on strategy and stay away from new, exotic instruments that sound too good to be true Investment Director, IPP Financial Advisers INVESTMENT is a confusing business and especially so during market turning points. In the past,
        AFP  -  915 words
      • 1179 26  -  Teh Hooi Ling SHOW ME THE MONEY I Typically, bear markets don't end in fear and panic, but on a feeling of despair and disillusionment hooiling@sph.com.sg Senior correspondent IB OW do we tell a bear rally from a genuine bull
        Compiled by BT  -  1,179 words
    • WEALTH REAL ESTATE
      • 171 27 Bloomberg Hong Kong HANG Lung Properties Ltd, Hong Kong's fifth-biggest builder, will buy a site in China's north-eastern city of Dalian, its first real estate purchase on the mainland in two years, for a 4.5 billion yuan (Ss97l million)
        Bloomberg  -  171 words
      • 393 28  -  Uma Shankari Six-month extension for 51-unit purchaser comes with price of $500,000 a month of which the first has been paid By shankari@sph.com.sg KEPPEL Land yesterday said that it has granted a six-month payment extension to a buyer who purchased 51
        393 words
      • 266 28 THOSE interested in buying real estate in London will get a chance next week to find out more about what the market there has to offer, as well as the opportunity to be part of a new London property launch. To
        BLOOMBERG  -  266 words
      • 218 28  -  Uma Shankari By shankari@sph.com.sg CAPITALAND, Singapore's biggest developer by market capitalisation, recently met property valuers to discuss the valuation process, sources told BT. Capita Land chief executive Liew Mun Leong chaired the meeting, which ran for more than an hour. About 40 people were present, including
        218 words



  • Page 27 Advertisements
    • 568 27 IJ.IIUJ.III.i^iBHPIIBHIIIWB!^^ 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 1 Riveredge Apt 20/04/2009 99 1518 1230 810 NON-LANDED TheEsta Apt 20/04/2009 FH 1410 1199 850 Marina Bay Residences Apt 20/04/2009 99
      568 words


  • Page 29 Advertisements
    • 867 29 Special Feature ran YTL Hotels Luxury Destination Series _____r "".I _^r B UK- ifl IJK I MtfiA|^M_ ;>*o-W7^s^_____m IH I T^itttirVlPV "3.1 W _______pB^HIBA->f T X T~irr:*~s3LL...3^ iV rfiTMlrf fElt i^Bßg^j^9nfl^^^^|. H-R. 998 I fa I HI ■jI \II I —T *f*T?WPWHPP*I^-—~>J. S?^^ '-JF E-_--^_____^^B Ely^^^_ S&ii-EB-^B^-BHF v— Pangkor Laut
      867 words

  • Page 30 Miscellaneous
    • 62 30 A^ AUSTERITY RULES A Pared-down, functional furniture at Milan's Salone del Mobile L2~4 ARTEK'S 10-UNIT SYSTEM (2009). PHOTO BY AINO HUOVIO GUEST CHEF SHOPPING HEALTH Getting scientific with Adam Melonas L 7 Gifts your mother will love LlO-11 New treatment for liver cancer Ll4 DESTINATION DINING PERSONAL SPACE MOTORING Fuss-free,
      62 words

  • BT Living
    • DESIGN
      • 1091 31  -  Lim Sio Hui Furniture's most crucial fair, the Salone del Mobile in Milan, exhibited some pared-down showings, but brands remain optimistic that there's always room for exceptional design. By NE of the Italian buyers was not impressed. "More I and more of the II II same!" he exclaimed
        FAIR PHOTOGRAPHY: LIM SIO HUI; ROMAIN SELLIER  -  1,091 words
      • Article, Illustration
        247 31  -  Lim Sio Hui THE Salone del Mobile presented the lighting fair Euroluce this year, which featured the humble gadget in all shapes and technologies. Italian manufacturer Flos stole the show with Life 01 designed by Paul Cocksedge, a crystal vase-cum-lamp that turns on when a flower is inserted, with
        247 words
      • 511 32  -  Lim Sio Hui Brands are working harder to appeal to credit-conscious consumers today here are some of the mos notable releases from this year's Milan design week. By Material love THE manufacturers might have showed fewer new products, but the frugal attitude also prompted consolidation and innovation, which
        511 words
    • GADGETS
      • 871 33  -  Christopher Lim The HDBOO flatters pristine recordings, embarrasses poor ones, and ignores the economy. By A SPIRING audiophiles hoping to reach sonic nirvana via headphones instead of full-size speakers will be dismayed by the admission price to heaven when Sennheiser HDBOO phones are launched here
        871 words
    • DINING
      • Article, Illustration
        1002 34  -  Audrey Phoon One restaurant has introduced an outdoor bar to its premises, while another bar is expanding to include a cafe. By Whispering Palms at the Song of India 33 Scotts Road 52 6836-0055 THERE'S something blooming in the garden of the Song of India and it's not just
        1,002 words
    • ENTERTAINING
      • 1019 35  -  Audrey Phoon guest chef You don't have to be a whiz at chemical equations to get the best out of your ingredients -just get to know them inside and out, says scientific chef Adam Melonas. By IN THE cooking world, all journeys of any number of miles whether
        ARTHUR LEE; ADAM MELONAS  -  1,019 words
    • TRAVEL
      • 1456 36  - Fuss-free fabulous Audrey pnoon destination dining Melbourne's best new restaurants have eschewed all pretensions and are delivering delicious dining experiences. By TO sum up the modern Melbourne gastronomic holiday in a suitcase: bring summer clothes and a winter coat to weather the Victorian capital's four-seasons-a-day climate, but leave the evening
        ■ AUDREY PHOON; BISTRO GUILLAUME  -  1,456 words
    • SHOPPING
      • Article, Illustration
        1255 37  -  Melissa Lwee If a mother's love lasts forever give or take a few disagreements along the line then it makes perfect sense to give her something that will last almost as long. This Mother's Day, the key word is longevity and not beauty makeovers, cakes, or other temporary
        1,255 words
    • HOME & GARDEN
      • 1364 38  -  Cheah Ui-Hoon Almost all of the rooms have some kind of wood-planked patio or balcony, and right at the top of the fourth level, there's even a "watch tower" for a spot of star-gazing if anyone in the family so wishes. personal space Mark Phooi's four-storey home
        1,364 words
    • HEALTH
      • 787 39  -  Cheah Ui-Hoon The oral drug sorafenib is now the first-line treatment for liver cancer. By TREATMENT options for liver cancer are limited but there's a glimmer of hope offered by a new oral drug. Sometimes a drug for a particular disease might work for
        787 words
      • 160 39 LIVER cancer is the sixth most common cancer in the world and the third leading cause of cancer-related deaths globally. In Singapore, liver cancer is the fourth most common cancer occurring in men, with over 400 new cases each year. The cancer often results from certain liver-related
        FILE PHOTO  -  160 words
      • 302 39  -  Cheah Ui-Hoon By DO a bit of yoga and donate towards health care for women and children in Timor L'este. In times like these, at least one wellness company is finding ways to be creative about giving. Como Shambala Urban Escape is starting a one-hour,
        302 words
    • SPORT
      • 634 40  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent LAST Sunday morning, May 3, almost the entire population of the Philippines came to a standstill. The streets and highways were bare, the police reported "zero crime" and even government troops and rebels in the south
        634 words
    • GOLF
      • 1313 41  -  Justine Moss Less than one per cent of the sultanate's population play golf, but change is on the way. By GOLF barely registers among either spectators or players in Brunei Darussalam, where sports such as soccer, silat and sepak takraw are the preferred activities but interest
        1,313 words
    • MOTORING
      • 637 42  -  Samuel Ec Unlike the Civic Hybrid, the Insight; is'-nbt-a Variant'of ail"existing/model series; bqfra, brand ,new- purpose-built: hybrid. By■ LIKE a North Korean rocket, pump prices have plunged back down to earth after soaring into stratosphere last year. Following closely behind is demand for the petrol-electric
        PHOTO BY YEN MENG JIIN  -  637 words
      • 550 43  -  Samuel Ec SPECS Volkswagen Scirocco 2.0 TSI me 1,984 cc turbocharged Transmission 6-speed DSG dual-clutch Max power 200 hp 5,100 rpm Max torque 280 Nm 1,700-5,000 rpm ih 7.2 sees op speed 235 kmh Price $117,800 (with COE) Distributor Volkswagen Centre Singapore S3 6474-8288 The Scirocco's
        550 words
      • 552 45  -  Samuel Ec fl watch As if to make up for the lack of excitement on-track, the Formula One teams have decided to pick a fight off-track with someone else, the FIA. By THERE hasn't been much of a fight in Fl thus far with the Brawn Grand Prix
        552 words









  • Page 40 Advertisements
    • 854 40 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant impressions of the Mediterranean. Jaan by $30.80++ per person and Dim Sum Level 35, Orchard Wing Andre beckons exploration. Unlimited at $38.80++ per person for dinner Meritus Mandarin Singapore at Peach Blossoms. For reservations, please p an pacific Orchard 333 Orchard Road
      854 words




  • Page 44 Advertisements
    • 125 44 j j^P^ SHlFT_the way you move imissan HI Authorised Dealers: Auto Mega Trading Pte Ltd 300 Tampines Avenue 5, #01 -01, NTUC Income Tampines Tan Chong Motor Sales Pte Ltd Showrooms: Junction. Tel: 6787 2882 Hong Heng Co Pte Ltd 33 Sembawang Road, #01-01/02. Tel: 6452 1112 TfinCHOrtG www.tcil.com.sg Bukit
      125 words