The Business Times, 12 May 2009

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES ssi.oo online at http://www.businesstimes.com.sg Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION co regn no *****2868E mica(p) 197/08/2008 Tuesday, May 12,2009
    22 words
  • 995 1  -  CHEW XIANG STI companies took a hammering in 2008 but their CEOs' pay remained largely intact By [SINGAPORE] With their stock prices getting battered and their total shareholder returns plummeting, listed companies found last year something of a nightmare. But it wasn't such a gloomy
    995 words
  • 725 1  -  ANNA TEO It is now looking at 5% contraction, from minus 6.4% previously By [SINGAPORE] After a long season of downgrades, at least one economist has now turned less bearish and has actually revised his forecast of Singapore's 2009 GDP pace upwards. Citigroup economist
    725 words
  • MARKETS DIGEST
    • 45 1 lorn lay lange 1COMP 1,025.50 -1.28 IIKKEI225 9,451.98 +19.15 1ANG SENG 17,087.95 -301.92 ;et index 535.18 +7.46 JAKARTA COM P 1,830.74 -31.79 IANILACOMP 2,265.55 +23.57 ;eoulcomp 1,415.16 +3.03 ;henzhen b 383.64 -4.15 IUMBAI IND 11,682.99 -193.44 12 noon EDT Cham )OW 8,438.85 -135.80 IASDAQ
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    • 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
    • 45 1 IS$ (S$ per US$) 1.460 (US$/S$ per 1.519 2.217 ;URO (US$/S$/E) 1.361 1.987 Foreign currency per US$ S$ 'EN 98.30 67.30 3.512 2.405 IK$ 7.750 5.309 !AHT 34.66 23.74 lUPIAH 10,327 7,074 lENMINBI 6.823 4.674 INDIAN RUPEE 49.40 33.84 1.305 0.894 IZ$ 1.645 1.127
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  • Page 1 Advertisements
  • Page 1 Miscellaneous

  • TOP STORIES
    • 595 2 PM Wen and central banker's remarks, April crude imports add to positive news [BEIJING] China added to the drip-feed of encouraging news yesterday with a top central banker saying that the government's stimulus has worked better than expected and crude imports data showing a
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    • 601 2 By R SIVANITHY [SINGAPORE] How sustainable is the US recovery that equity market investors appear to be buying into so heavily? In Singapore, before the Straits Times Index dropped 72.11 points or 3.2 per cent yesterday to 2,166.10, after having surged an astonishing
      601 words
    • 215 2 Big bank stock offerings, recent headlong rally give investors pause [NEW YORK] Hesitation is setting in following one of the most remarkable rallies on the New York stock market. Some investors are worried on two counts. One is the announcement by several major banks of
      215 words
    • 567 2 [HONG KONG] A legal battle over the estate of colourful Hong Kong billionaire tycoon Nina Wang began yesterday, pitting her former lover and feng shui master against her family, who both lay claim to the vast fortune. Ms Wang, who died in April 2007
      AFP  -  567 words
    • THREE-MINUTE DIGEST
      • 54 2 WITH their stock prices getting battered and their total shareholder returns plummeting, listed companies found last year something of a nightmare. But it wasn't such a gloomy year for your average boss of a Straits Times Index company, who saw his pay even edge
        54 words
      • 64 2 AFTER a long season of downgrades, at least one economist has now turned less bearish and has actually revised his forecast of Singapore's 2009 GDP pace upwards. Citigroup economist Kit Wei Zheng is now looking at a 5 per cent contraction for the year
        64 words
      • 41 2 CHINA yesterday added to the drip-feed of encouraging news with a top central banker saying the government's stimulus has worked better than expected and crude imports showing a spike in demand. TOP STORIES, PAGE 2
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      • 54 2 CITY Developments, which yesterday reported a 49.6 per cent year-on-year drop in group net profit for the first quarter ended March 31, 2009 to $83.1 million, said property market sentiment is improving and it is "confident of remaining profitable for the current year".
        54 words
      • 42 2 HIGHER line maintenance revenue and increase in its fleet management business enabled SIA Engineering to boost fourth quarter profit by 18.7 per cent to $65.5 million, from $55.2 million a year earlier. COMPANY NEWS, PAGE 6
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      • 50 2 THE US economy is expected to begin growing in the second half of this year, while the jobless rate is expected to peak in the first quarter of 2010, according to a survey of top forecasters released on Sunday. ECONOMY WATCH, PAGE 16
        50 words
      • 75 2 CHINA fell deeper into deflation in April, but many economists said the central bank was unlikely to cut interest rates in response and expressed confidence that prices would be rising again before the end of the year. Consumer prices fell 1.5 per cent
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      • 53 2 ASIAN property investment sales slumped 83 per cent quarter-on-quarter in the first three months of 2009, according to a report by CB Richard Ellis. Preliminary data for Ql 2009 found that Japan, Singapore and Hong Kong suffered the biggest falls in transaction volume.
        53 words
    • 794 3  -  CHEW XIANG IS, SAY, $40,000 a year a good salary for an engineer? What about a teacher? A journalist? Whatever the case, an answer is possible and can be defended with reference to fairly intuitive judgments, even if each profession is diverse and heavily
      794 words
    • 403 3 Reuters But profit is down without USs6.6b gain on its debt [LONDON] HSBC Holdings, Europe's biggest bank, said first-quarter profits were "well ahead" of last year, swelled by record results in its investment bank, but would have been down without accounting gains
      – Reuters  -  403 words
    • 444 3 Bloomberg Judges explain decision for blocking HKslsb takeover deal [HONG KONG] The investor vote that approved PCCW Ltd's buyout by chairman Richard Li was manipulated, raising doubts about whether minority shareholders were adequately represented, an appellate court said. "There was a clear manipulation
      Bloomberg  -  444 words
  • Page 2 Advertisements
    • 552 2 Equity Derivatives Equity investments beyond the share certificate DatCS and Time Equity investments nowadays constitute more than the mere purchase and Sale of 18 19 T 9009 a stock/share. With globalisation and demutualisation, the doors are open for ann c nn~ new investment and hedging avenues in equity. This highly
      552 words

  • Page 3 Advertisements
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    • 144 3 J* -^wmi 1 SI r tJ^^dC^*SJHfrfe: :i* ?j? V Iv «s? »-2* if 1 hi fesjPH if i^l I -nB®!2K*»H;=H ?<: I m^^^PUw fl IMk F^^lL "^IBP *BBs&fcf a J#jlZ&\ =B f~i >!;:, *^-^vv W^ST ~t# 0 MJf «r>z;.:%. vKßoStfpT£*lP¥3 -zmJH ■?aP^^^^^r?: W^A ■Rip! v^?«^ri Ik. "pr z>* "^^z^^ 1
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  • COMPANY NEWS
    • 811 4  -  KALPANA RASHIWALA Group to continue riding on recovery in mass, mid-market residential segments By CITY Developments Ltd (CDL), which yesterday reported a 49.6 per cent year-on-year drop in group net profit for the first quarter ended March 31, 2009 to $83.1 million,
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    • 112 4 CITY Developments Ltd (CDL) has appointed Spring Singapore chairman Philip Yeo Liat Kok (right) to its board as an independent, non-executive director with effect from yesterday, CDL said in a regulatory filing with the Singapore Exchange. Mr Yeo, 62, also joined CDL's remuneration
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    • 470 4  -  SIOW LI SEN Dividend reflects the underlying earnings, says bank By ANALYSTS are divided over DBS Group Holdings' ability to maintain its dividend policy despite paying out 14 cents per share, unchanged from the previous quarter. One analyst even linked last Friday's
      470 words
    • 326 4  -  EMILYN YAP I By FUND manager Capital Dynamics (S), which recently expanded into Australia, reckons the current stock market rally is sustainable. Sharing what he acknowledged are "unusually positive" views, the company's managing director Tan Teng 800 said at a briefing yesterday that the
      326 words
    • 82 4 -Reuters SEMBCORP Marine said yesterday its Indonesian unit secured a Ss23o million contract for the construction of two offshore platforms. Sembcorp said its Indonesian unit PT SMOE Indonesia is part of a consortium with PT Saipem Indonesia that has secured a contract worth US$43O million.
      -Reuters  -  82 words
    • 441 6  -  YEN SREENIVASAN Relatively new business of fleet management growing strongly By HIGHER line maintenance revenue and increase in its fleet management business enabled SIA Engineering (SIAEC) to boost fourth quarter profit by 18.7 per cent to $65.5 million, from $55.2 million a year earlier.
      BLOOMBERG  -  441 words
    • 522 6  -  YEN SREENIVASAN ByV THE depressed aviation market and a drop in contributions from offshore associates have eaten into the bottom line of Singapore Airport Terminal Services (SATS). But with its $509 million acquisition of Singapore Food Industries (SFI) completed, it is confident of
      522 words
    • 196 6 SINGAPORE Airport Terminal Services has extended its ground services contract with parent Singapore Airlines for a further five years. The renewal at an undisclosed price comes four months before the existing 10-year contract expires in September. SATS CEO and president Clement
      196 words
    • 360 6  -  JAMIE LEE By RETAILER FJ Benjamin Holdings sank into the red in its third quarter, due to a foreign exchange loss and weaker consumer spending. The company, which distributes brands such as Banana Republic, Gap and Raoul, posted a net loss of $1.86 million
      360 words
    • 529 6  -  NISHA RAMCHANDANI By ASL Marine Holdings saw net profit surge 65 per cent to $23.4 million in its third quarter ended March 31, while revenue grew 16.6 per cent to $106.9 million on the back of stronger contributions from its shipbuilding
      529 words
    • 510 7  -  LYNETTE KHOO It pays 360 m yuan for CUGU EPIL, which has units in China, HK, Thailand By C&G INDUSTRIAL Holdings has entered into a definitive agreement to acquire all the shares of CUGU Environmental Protection International Ltd (CUGUEPIL) for 360.39 million
      510 words
    • 140 7 THE government's Skills Programme for Upgrading and Resilience (Spur) and Professional Skills Programme Traineeship (PSPT) have drawn an encouraging response from companies seeking to enhance their competitiveness. Among them is Singapore Technologies Aerospace the first aviation company here to tap the new assistance programmes. ST Aerospace
      140 words
    • 548 7  -  LYNETTE KHOO Q1 net profit falls 33.9% to 10.9 m yuan By CHINA Sunsine Chemical Holdings chief financial officer says that the worst is probably over, after its first-quarter results turned out to be stronger than the preceding quarter. But compared to a
      548 words
    • COMPANY BRIEFS
      • 50 7 UNITED Engineers, through its 100 per cent-owned subsidiary United Engineers (Singapore), has won a $53 million contract to upgrade the Chestnut Avenue Waterworks. The upgrade will increase capacity from 60 to 90 million gallons a day of potable water that meets World Health Organisation standards.
        50 words
      • 53 7 CHINA Powerplus has warned of a net loss for the first quarter of 2009. It said the global downturn has caused widespread economic uncertainty and it expects conditions to remain challenging for some time. In addition, intense competition has led to lower selling prices
        53 words
      • 71 7 EASTERN Asia Technology, which designs and manufactures speakers and other audio-video products, slashed its net loss for the first quarter ended March 31, 2009, to $1.6 million, from $4.9 million a year earlier. Eastech said it is starting to reap the rewards
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      • 49 7 profit CHINA Kunda Technology Holdings expects to report a lower net profit for the financial year ended March 31, 2009. Operations and finances were hit by weaker orders due to the global credit crisis and economic downturn, as well as higher operating expenses, it said.
        49 words
      • 51 7 BRC Asia reported flat growth in net income to $1.15 million, despite a 27 per cent rise in turnover for the three months ended March 31, 2009. Turnover was $66.7 million, while earnings per share were 0.171 cents down from 0.185 cents a year
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  • Page 5 Advertisements
    • 208 5 l P^ lIkU my/ I 'SHBI i r I K^la W■ f I aH 5 1 hHI I JaaakWl P l I JmHBW I I v* "T^^ P^^ Philippe Seal. It embodies the values and standards of our family watch company" Patek Philippe has created a new quality benchmark for
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  • Page 6 Advertisements
    • 172 6 Trio Centre Pte Ltd ("TRIO"), Little Neuro Tree Pte Ltd ("LNT") together with The Shichida Method (S) Pte Ltd ("TSM") and Superachievers Pte Ltd HEREBY PUBLICLY ANNOUNCE that: (1) Trio and TSM have no association with each other; (2) Trio does not have any past or current association with the
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  • Page 7 Advertisements
    • 524 7 This announcement appears as a matter of record only. This document is for general information purposes only and is not an offer to sell or a solicitation of an offer to buy any product. Past performance is not indicative of future returns. Walton International Group Distributions During 2008: CAD 5108,920,671
      524 words

  • SINGAPORE MARKETS
    • 621 8  -  R SIVANITHY STOCKS Bank stocks were largely weaker, led by a 66-cent loss for DBS to $11.24 with 16.6 m shares traded AFTER gaining 318 points last week alone, the Straits Times Index (STI) yesterday came under pressure and succumbed by 72.11 or
      Bloomberg  -  621 words
    • 98 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 12 3 0 0 0 3 12 3 lanufacturing 56 105 57 11 18 67 113 75 Commerce 26 35 12 29 38 19 'pt/Stor/Comms 31 10 31 :inance 10 16 10 16 Construction 13
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    • 115 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 60,333 60,333 154,036 154,036 lanufacturing 1,129,166 156,004 1,285,170 497,277 5,851 503,128 lommerce 581,080 83,665 664,745 98,106 19,715 117,821 'pt/Stor/Comms 260,731 1,402 262,133 332,736 121 332,858 :i nance 63,416 63,416 449,810 449,810 lonstruction 284,074 2,325 286,399 43,581 64 43,645 'roperties
      115 words
    • 104 8 lapitaLand 3.120 -0.130 Noble Grp 1.660 -0.020 lapitaMall 1.390 -0.080 OCBCBk 6.790 -0.410 jtyDev 8.050 -0.440 Olam 1.960 -0.010 lomfortDelGrc 1.290 -0.070 S IA 12.200 -0.340 losco Corp 1.300 -0.030 SGX 7.700 -0.070 IBS Grp 11.240 -0.660 SIAEngg 2.350 +0.040 :&N 3.300 -0.050 SMP.T 1.560 -0.010
      104 words
    • 261 8  -  LYNETTE KHOO Sembcorp Marine May 11 close: $2.69 DMG PARTNERS SECURITIES, May 11 QlO9 results exceeded our estimates: Sembcorp Marine's (SCM) revenue rose 48.8 per cent y-o-y (but declined 15.7 per cent q-o-q) to $1.4 billion on the back of higher percentage of completion achieved in the rig
      261 words
    • 200 8 CHART POINT THE Straits Times Index (STI) is due for some short-term profit-tak-ing with yesterday's break below 2,203 points the short-term reversal point of the current up-cycle. We believe that the STI will first retrace towards 2,095 a 38.2 per cent retracement of the
      Bloomberg  -  200 words
    • 483 8  -  OH BOON PING CURRENCIES ASIAN currencies rose yesterday led by the South Korean won and Thai baht, as better-than-ex-pected labour data from the United States lifted investor sentiments, helping emerging markets attract funds. The won climbed to its highest level in almost seven months against
      Bloomberg  -  483 words
    • 4 8 DAILY
      4 words
    • 59 8 May 11 VALUE CLOSE IT OB/OS 1245.00 -191.C IT CADI -*****.00 -153. IT 10-day MA -*****.00+124. TSE ST Mid Cap 461.25 -12.1 TSE ST Small Cap 390.10 -10.11 TSE ST All Share 523.23 -16.71 TSE ST China Top 212.36 -4.3 TSE ST China 210.04 -4.0: IOB Catalist
      59 words
    • 62 8 VOLUME Dh liland 222,227,000 China Horn ixim 212,413,000 Abterra 184,748,000 Golden iri 172,180,000 Chart SemiCond 101,252,000 Yam izij iam 85,971,000 Ocean us 79,929,000 Jade Tech 79,201,000 Yon. inam 66,142,000 EUNetworks 64,655,000 VALUE($) DBS Gri 190,569,537 Wilmar 130,921,590 >im iTel 96,601,251 OCBC Bk 96,193,523 .and 95,141,500 Golden iri
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    • 112 8 CLOSE UP 2348 192.6 6.0 IMH :iMBAsean40 100US$ 602 39.4 4. 'ilmar.ES.0905 408 35.0 9.. »sia Pac Brew 1130 30.0 2. m 1700 DBeCW*****1 103 30.0 41.1 iBS Bk6% NCPS 10 9800 28.0 0. iBXT MSTaiwan 10US$ 1322 23.4 1.. ICBC Bk4.5%NCPS 100 8600 20.0 0.. ICBCO i.93%Pref10 7070
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    • 103 8 iBXT S&P Short 10US$ CLOSE DOWN 6900-102.1 -1.0 IOB 1400 -74.0 -5.0 China H 10US$ 1252 -71.5 -3.! iBS Gr| 1124 -66.0 -5.! iBS.ES.0905 1140 -60.0 -5.0 IOB.ES.0905 1420 -60.0 -4.1 At 805 -44.0 -5.2 lUE 1018 -44.0 -4.1 ;IA 200 1214 -42.0 -3.3 ilA.ES.0905 1218 -42.0 -3.3 BY
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    • 85 8 Wh lere S! stands May 11 %CHNG CLOSE FRMay8 YR2009 S$ LOW S$ HIGH uss 1.4595 0.45 1.5579 1.4308 Euro 1.9849 -1.06 2.0732 1.9150 Pounds 2.2053 -0.10 2.2712 2.0356 1.1145 -0.66 1.1145# 0.9453 'en* 1.4910 -1.10 1.7278 1.4831 Rupiah* 0.***** 0.01 0.***** 0.***** Baht* 4.2194 -0.42 4.3390 4.1040 Peso*
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  • Page 8 Advertisements
    • 55 8 ■^■■k^lJß*^7^^:' *<*, n.aaaimr.-H-'-i^BiM The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing
      55 words

  • SINGAPORE NEWS
    • 526 9  -  AMIT ROY CHOUDHURY Infosys chairman offers insight into his ideas and philosophies By WHAT would a good book be for young people who want to understand what makes for success in business? Minister Mentor Lee Kuan Yew would recommend A Better India; A
      CHEW SENG KIM/THE STRAITS TIMES  -  526 words
    • 217 9 THE National Research Foundation (NRF) yesterday announced the launch of a grant to help polytechnics build on the research results of local universities and research institutes and translate them into commercial products and applications. Intellectual property (IP) "roadshows" will be
      217 words
    • 192 9 STANDARD Chartered Private Bank will hire 100 relationship managers worldwide in the next 12 months to accelerate its operations in fast-growing markets. The private bank has 350 relationship managers globally. The new hires will support planned expansion in Asia, Europe and the Middle East.
      192 words
    • SINGAPORE ROUNDUP
      • 37 9 THE visa requirement for Mexican nationals entering Singapore will be lifted from today. But screening and quarantine measures for individuals who have been in Mexico in the preceding seven days will remain.
        37 words
      • 33 9 THE Singapore Compact for Corporate Social Responsibility (CSR) has announced its new management committee for 2009 to 2012. Hyflux CEO and president Olivia Lum is CSR's new president.
        33 words
      • 33 9 ESPN STAR Sports Event Management will organise the World Netball Championships the world's most prestigious international netball tournament in Singapore between July 1 and 10, 2011.
        33 words
    • 764 10  -  CHEAH UI-HOON Majority of students at The Little Arts Academy are beneficiaries of fund By SISTERS Claire and Cheryl Heng, eight and seven years old respectively, might well not have been able to take up ballet lessons in times like these, when lower
      764 words
    • 320 10 ALL organisations should remain vigilant and take this opportunity to build up their pandemic flu response capability and capacity, that was the key message at yesterday's briefing by the Singapore Business Federation and Singapore National Employers Federation. At the briefing on Influenza A and
      320 words
    • 368 10  -  ZHANG Yl TING By MORE than 1,000 jobs were up for grabs yesterday at the first combined National Trades Union Congress (NTUC) Social Enterprises (SEs) job fair at NTUC's Employment and Employability Institute (e2i). The offerings span different sectors and positions, and
      368 words
  • Page 9 Advertisements
    • 224 9 An Advertising Feature It was China... Then India... Now, Vietnam. Opportunities in the Vietnam Building Industry I It is widely reported that Vietnam counterparts from the real estate and building I industry as well as relevant government agencies. IS One Ot the tew Countries tO Participants will also visit leading
      224 words

  • Page 10 Advertisements
    • 1439 10 V#^L k ATV^TlT^-rl r< Toll free: 1800-289-8822 t* |V| I I If U V Email: notices@sph.com.sg I IB DO Regional Tax Conference 2009 INWIIV.EJ j.^^. U^ Notice to the Holders of: ■jjJB A: companies expand their operations into newer markets (i) Minibond Series IS$ Credit-Linked Notes due 2011 and US$
      1,439 words

  • SME Inc
    • 1094 11 The vital necessity to put BCPs in place urgently hasn't sunk in yet, reports CHEN HUIFEN IN THE past two weeks, the authorities have moved swiftly to minimise the chances of an outbreak of swine flu in Singapore, with two alert level upgrades then a
      YEN MENG JIIN  -  1,094 words
    • 219 11 IF you are still clueless about how to start with business continuity management (BCM) measures, here are some suggestions on where to go for help: Read the Flu Pandemic Business Continuity Guide for SMEs. Available on SBF's and Spring's websites, the document is a useful reference
      219 words
    • 981 11  -  MICHELLE YEO By A LOCAL chain of preschools has created an education system that encourages children to be independent thinkers and dreamers, and is now thinking of exporting its model to countries in the region. White Lodge Early Learning Centre was founded by husband and
      ARTHUR LEE  -  981 words
    • 967 12 IN CPA Australia's International CFO Survey in March, 44 per cent of respondents were found to have had difficulty accessing finance amid tight lending conditions brought on by the global financial crisis. Among respondents who worked for businesses headquartered in Asia, the percentage was an
      967 words
    • 689 12  -  LIEWAIQING But the company is bracing itself for challenging times ahead By WHILE the tendency is to perceive the economic downturn in a wholly pessimistic light, R-logic International Pte Ltd has chosen to view the glass as half full and to look for opportunities
      YEN MENG JIIN  -  689 words
    • 327 12  -  JOANNE TANG By AMID the economic gloom, a local small-medium enterprise is seeking funds for expansion. Kirn Heng Group a provider of marine and support services for the offshore oil and gas industry, and shipbuilding services is in talks with investors to fund its
      327 words
    • 443 12  -  TEHHOOI LING By SINGAPORE stocks rebounded off their low levels as investor sentiment improved on the back of some encouraging economic data that the worst for the economy may be over. Our small cap portfolio climbed 12.6 per cent compared with the Straits
      443 words
    • 1508 13 THIS WEEK'S TOPIC How will the swine flu affect your business, and what business contingency plans do you have to minimise the risk of infection in your company? Tan Wee Beng Director Wee Tiong (S) Pte Ltd WE have not seen any big impact from swine
      1,508 words
  • Page 11 Advertisements
    • 10 11 CATS Recruit The first step on your ladder to success <
      10 words
    • 99 11 FINANCIAL REPORTING PAYROLL PROCESSING XBRL Filing Payroll Administration SWAT Accounting Leave Administration Routine Accounting GST Training Administration Reporting Staff Insurance Administration CFO2SME™ Claims Processing Business Crisis Management Employment Pass Work Permit Application STAFFING SOLUTIONS IT OUTSOURCING MANAGED SERVICES SAGE ACCPAC ERP Technical Managed Services in Accounting SuPPort Implementation Services Business
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  • Page 11 Miscellaneous

  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 374 13 "^^^^^^^^k. c&fbint spring :m^^'^W^^m^^^^^&' ±J^—pad* A s,a Singapore X $**y4-* NURTUR MG TH[ GROWTH QF YOUR V NEXT GENERATION BEGINS TODAY. m Some things run in the family, like a nose for business. But what happens when you mix business and family? Family dynamics are an im Ml undeniable force
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  • GLOBAL TRADERS' ROUNDTABLE
    • 3202 14 Panellists Hemant Bhatt, chief executive officer, Louis Dreyfus Commodities Asia David Chang, director finance director, Koch Refining Pierre Lorinet, chief financial officer, Trafigura Elena Sng, senior vice-president and head, Asia Clear, Clearing and Commodities Business, SGX John Mathias, chief business officer, SMX Kathy Lai, assistant
      3,202 words

  • Page 15 Advertisements
    • 107 15 FORTHOSE AT THE PINNACLE OF THE GLOBAL TRADING COMMUNITY The Global Trader Summit 2009 (GTS 09) is an elite and exclusive conference for strategic idea generation and high-powered business networking with those at the pinnacle of international commodity trading. Themed New Paradigms in Global Trading, GTS 09 will address current
      107 words

  • ECONOMY WATCH
    • 497 16 Reuters Top forecasters also expect jobless rate to peak at 10% in Q1 next year: survey [WASHINGTON] The US economy is expected to begin growing in the second half of this year, while the jobless rate is expected to peak in the first
      ■ Reuters; REUTERS  -  497 words
    • 450 16 Reuters [BEIJING] The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said yesterday. "We're doing half-mea-sures that help the economy
      Reuters  -  450 words
    • 414 16 -AFP Obama slated to detail commitment of 6 lobby groups [WASHINGTON] President Barack Obama was scheduled yesterday to outline plans to cut US healthcare costs by US$2 trillion over the next 10 years, part of a bid to slash spending
      -AFP  -  414 words
    • 695 16 ■AFP, Reuters [MELBOURNE] Australian Prime Minister Kevin Rudd yesterday defended spending policies poised to tip the budget into the red, saying that the global recession had forced governments worldwide to increase borrowing. The government is expected to unveil a deficit of about As7o billion
      ■AFP, Reuters; AFP  -  695 words
    • 349 16 Govt stimulus is working better than expected: official [SHANGHAI] China will flexibly use interest rates and reserve ratios, as well as other tools, to promote moderate growth of money supply and lending, deputy central bank governor Su Ning said yesterday. He told a
      349 words
    • 379 16 lllV^l tllli. 1111 Reuters [SEOUL] South Korean bank lending data yesterday showed an easing in credit markets but its finance minister cautioned against hasty optimism about the economy, a day before the central bank is widely expected to hold interest rates steady. April
      lllV^l tllli. 1111 – Reuters  -  379 words
  • Page 16 Miscellaneous

  • MALAYSIA/INDONESIA
    • 572 17  -  PAULINE NG Focus will be sectors in which M'sia has edge such as Islamic finance, biofuels By in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak yesterday said the global financial crisis has provided the country a "timely opportunity" to proceed with restructuring its
      572 words
    • 443 17  -  S JAYASANKARAN March export drop not as steep as market expected By in Kuala Lumpur THE latest figures coming out of Kuala Lumpur seem to indicate an economy that is slowly, but surely, bottoming out. Data released by the government last week revealed that exports
      443 words
    • 552 17 -AP [KUALA LUMPUR] Malaysia's ruling Barisan Nasional (BN) coalition was dealt a major blow yesterday when a court ruled that its takeover of a northern state was illegal and that the Opposition was still in charge. Perak state has been
      -AP; AP  -  552 words
    • 262 17 Bernama [KUALA LUMPUR] Malayan Banking Bhd has no plans to form a joint venture with any foreign bank in terms of equity, its president and chief executive officer, Abdul Wahid Omar, said. "We are not engaged in any discussion as we believe that the
      ■ Bernama  -  262 words
    • 453 17 Reuters [JAKARTA] PT Telekomunikasi Indonesia Tbk, Indonesia's largest telecoms firm, reported a weaker-than-expected 22 per cent fall in first-quarter net profit, although it forecast higher 2009 revenue despite tighter competition. Telkom, Indonesia's largest listed firm with a US$l4.B biUion market value,
      Reuters; BLOOMBERG  -  453 words
    • 220 17 Reuters [FRANKFURT] Volkswagen, Europe's largest car maker, took a first step in its South-east Asia expansion strategy with a deal to assemble Tourans compact minivans in Indonesia this year. VW is teaming up with Indomobil Group, the country's largest car company and parent to Volkswagen's
      – Reuters  -  220 words
    • 251 17 Reuters [JAKARTA] PT Bank Rakyat Indonesia Tbk, Indonesia's third-largest lender, expects lending to grow 18-22 per cent this year, above a government target for the banking sector. The bank said yesterday that it had also proposed cutting its 2008 dividend payout
      Reuters  -  251 words
  • Page 17 Advertisements
    • 124 17 COMMERZBANK SSSL Notice to the holders of SGD 150,000,000 5.50% Notes due 2010 (the "Notes") issued by DresdrKT Hank Aktienyi'sellschaft ("Dresdnerßank"! under its Euro 15,000,000,000 Medium Term Note Programme-IS IN Code: SG4BS *****10Notice is hereby given to the holders of the Notes that on 11 May 2009 Dresdner Bank was
      124 words

  • GREATER CHINA/INDIA
    • 629 18 Reuters Despite deflation, central bank unlikely to cut interest rates, say economists [BEIJING] China fell deeper into deflation in April, but many economists said the central bank was unlikely to cut interest rates in response and expressed confidence that prices would be rising
      – Reuters  -  629 words
    • 418 18 Reuters [BEIJING] China's April crude oil imports saw the first monthly increase of the year and hit the sec-ond-highest record on a daily basis, providing more evidence that oil demand in the world's No 2 energy user is picking up. China
      Reuters; REUTERS  -  418 words
    • 476 18 Reuters It will also keep markets informed of its gold reserves [LONDON] China will invest in a bond denominated in Special Drawing Rights (SDRs) as part of efforts to increase the resources of the International Monetary Fund (IMF), a senior central bank
      Reuters  -  476 words
    • 717 18 Reuters [RAMßHA, India] Five years ago, India's rural poor threw out the incumbent Hindu nationalist-led government because the slogan of "India Shining" was seen to work only for the urban middle class. The tables have been turned in the current general election, with
      – Reuters  -  717 words
  • Page 18 Advertisements
    • 96 18 ►»-r- ™H To buy or not to buy? Get the latest copy of Pulses today to read more about the property market in Singapore. Are things looking up or are they going south? Get recession-proof tips to avoid nasty legal tangles when transacting in property. Also, find out in ImPusles
      96 words

  • STATE OF THE US ECONOMY
    • 1194 19 -NYT Faced with spiralling rates of losses and reform laws, industry bracing for worst year in its history [WASHINGTON] It used to be easy to guess how many Americans would have problems paying their credit card bills. Banks just looked at unemployment: Fewer jobs
      -NYT; US government AFP graphics; REUTERS  -  1,194 words
    • 552 19 NYT [WASHINGTON] President Barack Obama's chief economics forecaster said on Sunday that the nation's unemployment rate was likely to keep rising until 2010, even if the economy begins growing later this year. Christina Romer, chairwoman of the White House Council of Economic
      NYT; AP  -  552 words

  • ASIA-PACIFIC/WORLD
    • 709 20 NYT Drive to uncover larger firms' abusive business practices [WASHINGTON] President Barack Obama's top antitrust official this week plans to restore an aggressive enforcement policy against corporations that use their market dominance to elbow out competitors or to keep them from gaining
      NYT  -  709 words
    • 521 20 -AFP [LONDON] British Prime Minister Gordon Brown yesterday apologised after days of revelations about lawmakers' lavish expenses claims, including for dog food, as the spotlight turned onto opposition Conservatives. Details have emerged of expenses such as lightbulb replacement, cottage decorations
      -AFP; PHOTOS: AP, REUTERS  -  521 words
    • 649 20  -  ANTHONY ROWLEY Move follows poll showing DPJ's popularity damaged by funding scandal By in Tokyo VETERAN Japanese politician Ichiro Ozawa last night announced his resignation as leader of the main opposition Democratic Party of Japan (DPJ) after polls showed that the party's popularity
      BLOOMBERG  -  649 words
    • 296 20 ■AFP [BERLIN] The global economy has already passed the worst of the economic crisis and should soon pull out of its slump, led by Asia and China in particular, Hungarian-born US billionaire George Soros said yesterday. And as China gradually edges
      ■AFP  -  296 words
    • 295 20 Reuters [NEW YORK] Three large US banks deemed by the government to have sufficient capital on Monday announced large common stock offerings, and will use proceeds to repay government investments under a bank bailout plan. US Bancorp said that it plans to
      Reuters  -  295 words
    • 203 20 Reuters [TOKYO] Mitsubishi UFJ Financial Group's trust banking unit yesterday said it is still planning a US$254 million purchase of Citigroup's Japanese trust bank, denying a report that the deal was about to be derailed. Mitsubishi UFJ, Japan's biggest bank, lost
      ■ Reuters  -  203 words
  • Page 20 Advertisements

  • WORLD
    • 745 21 -NYT Admission rates similar to last year's but financial aid budgets rise [NEW YORK] In an early indication that the economic downturn may not have disrupted students' college choices as much as schools had feared, more than a dozen top colleges said
      -NYT  -  745 words
    • 852 21 -NYT Top show rakes it in with ingenious biz model, licensing fees [LOS ANGELES] Can a television show with a shrinking audience actually increase its revenue? In the case of American Idol, the answer is yes, and the manner in which the
      -NYT; PHOTOS: STAR TV, AP  -  852 words
    • 697 21  -  STEVE SLATER COMMENTARY By SADLY, I think the Scuderia still has a long way to go before we can consider them likely winners, but Felipe Massa at least started the Spanish Grand Prix from fourth place and spent the majority of the race battling among the
      697 words
    • 656 21 Reuters Rise in hotel rooms, casinos seen capping profits [LOS ANGELES] The slump in Las Vegas may be bottoming out, but odds are good that a coming wave of new resorts will hinder any rebound in hotel rates or casino revenue. That could
      ■ Reuters  -  656 words

  • EDITORIAL & OPINION
    • 444 22 EARLIER this month, US President Barack Obama announced that he wants to raise taxes on income generated outside the United States, proposing key changes to US tax policy focused on companies and individuals taking advantage of lower tax rates abroad. Mr Obama's plan would eliminate some
      444 words
    • 1088 22  -  YOGI AGGARWAL But his figures, and whether the Swiss authorities will cooperate, are open to question THE leader of the Bharatiya Janata Party (BJP), L X Advani, scratched an old sore in India's political economy when he recently warned that if elected to
      AP  -  1,088 words
    • 794 22  -  WILLIAM PESEK JR THE BOTTOM LINE IF THE bubble that just burst didn't work out for you, build a better one. That looks like the rationale of Asia investors. Their optimism has driven the MSCI Asia Pacific Index up 38 per cent from
      794 words
    • 1429 23  -  KEVIN OW YONG More innovative measures are needed to repair the perceived lack of corporate governance in S-chips By MUCH has been written about the spate of scandals involving S-chips during the last few weeks. To resolve this problem, several proposals have been made, including calls
      i FILE PHOTO  -  1,429 words
    • 1400 23  -  SEAN YOONG AP By THE last time that Lee Hung Poh walked unassisted was 40 years ago, before a bullet fired in the heat of Malaysia's worst race riots sliced through her spine and shattered her future. Neither the 57-year-old Ms Lee nor her
      AP  -  1,400 words
  • Page 22 Miscellaneous
    • 117 22 The Business times Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, *****4 PHONE: 6319-6319 FAX: 6319-8277 INTERNET: http://business-times.asial.com.sg EMAIL: Press releases: btnews@sph.com.sg Letters to the Editor: btletter@sph.com.sg OPS DESK: 6319-5360 CUSTOMER SERVICE 6388-3838 Chief Executive Officer Editor-in-Chief Singapore Press Holdings (English Malay Newspapers) ALAN CHAN PATRICK
      117 words


  • AVIATION/SHIPPING
    • 415 24 Reuters Delays over the transport plane have angered Germany and Britain [PARIS] Airbus parent EADS and European governments have made "progress" in defining the technical specifications of the A4OOM in a bid to restore production of the delayed military aircraft, sources close to the
      – Reuters; AFP  -  415 words
    • 2529 24 AIRLINE CODES: AA: Amencao Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA) British Always Poblic ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Bronei Airlines Sdn Bhd (RBA), BO: 800 rag Airlines (BOU), rways
      2,529 words
    • 270 24  -  NISHA RAMCHANDANI By LOW-COST carrier Air Asia enjoyed a 21 per cent year-on-year increase in passenger numbers to 3.1 million in the first quarter of 2009, thanks in part to stronger corporate demand. "Singapore is the financial hub of
      270 words
    • 489 24 Reuters [SINGAPORE] Singaporelisted Pacific Shipping Trust expects to maintain revenues in its second quarter as it is not planning to buy any ships, but it may face lowered charter rates for two of its vessels. It has no planned acquisition
      – Reuters  -  489 words
    • 293 24 Bloomberg [SINGAPORE] Hong Kong Aircraft Engineering Co jumped the most in six months on speculation Cathay Pacific Airways Ltd may attract a buyer for at least some of its stake in the plane-maintenance nyHaeco rose 11 per cent to HK595.60 at the close
      Bloomberg  -  293 words
    • 213 24 Bloomberg [HONG KONG] Samsung Heavy Industries Co, the world's second-largest shipyard, reported profit in the first quarter declined 12 per cent to the smallest amount in two years because of higher steel-plate prices. Net income fell to 101.8 billion won (SsllB
      Bloomberg  -  213 words
    • TRANSPORT STOCKS
      • 102 24 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.43 0.22 1.30 0.53 1.30 0.41 0.06 0.47
        102 words
      • 37 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.71 8.50 8.60 3.16 2.71 0.04 0.13 -0.01 -0.10 unch unch 0.01 0.01 -0.01 1 221 215 411 1797 20 1076 *****6
        37 words
      • 12 24 '00 'recious Ship Regional Cont 15.10 9.10 0.50 ***** 1.65 979!
        12 words
      • 6 24 '000 toil .24.80 -2.10 280:
        6 words
      • 22 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 17.75 unch unch unch 0.25 unch unch 122! 33V i i
        22 words
      • 15 24 Evergreen Marine ....18.50 :irst Steamship 45.60 /Van Hai Lines 16.15 0.25 -0.95 -0.30 1.
        15 words
      • 38 24 '000 :awasaki Hvy Ind ..219.00 :awasaki Kisen 405.00 /litsubishi Hvy 350.00 /litsui Eng&Sbldg...233.00 /litsui Osk Lines 653.00 Jippon Express 389.00 Jippon Yusen 457.00 unch ***** -3.00 9818 4.00 ***** 14.00 ***** 15.00 ***** 4.00 4312 2.00 7881
        38 words
  • Page 24 Miscellaneous
    • 255 24 CRYPTIC CROSSWORD (4) 21 Girl who made a return in a new order (6) 22 One hundred per cent humidity it's the limit! (10 5) 5 Character from overseas in 20 Render a service, keeping 23 Give up church and start the volunteers (5) score (5) doubling earnings (4) 6
      255 words

  • SINGAPORE STOCKS
    • 8984 25 Transaction date: May 11 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld C000) High Low Buyer Seller C'vr Net P/E M Cap Sinil Company 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 16 5.5 1938 AEICorp 9 1
      8,984 words
    • 1755 26 52-wks Tel ligh Low Code Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 20 5 1181 s AAGrp 32 13 8538 t APStrategic 2 0.5 t APStrategic R 4 0.5 1501 s Advanced System 10.5
      1,755 words
    • 308 26 Hii Low Code Comi Sale C000) Hii Low Bm Seller Cvr P/E imil 109 100 6389 ABFSG Bond ETF 109 +1 982 427 CIMBAsean40 100US$ US602 +27 232 149 DBS STI ETF 100 220 -9 2288 1682 DBXT FTChina25 10US$ US2198 3870 3228 DBXT FTVietnam 10US$ US3870 1360
      308 words
    • 260 26 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
      260 words
    • 9207 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.776/ AIGIF S'pore Bond Fund/A 1.239/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.88/ APS Alpha Fund (USD)!** 0.6/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5163/ APS Komaba Global
      9,207 words
  • Page 25 Advertisements


  • FINANCE COMMODITIES
    • 362 27 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mai World Index Preliminary 702.2 1.3 3.6 1.3 4.5 1.4 2.9 EAFE Preliminai 676.8 1.3 4.3 1.5 3.9 1.6 2.3 Euro[ Prelim inan 937.4 1.7 2.8 2.0 3.8 2.1 2.2 Pacific 577.9
      362 words
    • 60 27 May 11 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low May 09 2840 Jun 09 2735 Jul 09 2660 AugO9 2610 Total o/p: ***** contracts 2825 2883 2819 2740 2813 2730 2660 2745 2651 2605 2685 2594 Turnover: ***** Market tone: Lower
      60 words
    • 25 27 May 11 ten Hii Sett STI IIMSCI Ma' 275.4 277.8 263.0 Taiwan Ma> 243.2 247.5 243.7 Source: MF Global (S) He. Ltd
      25 words
    • 21 27 May 11 Bid Offer 1-month 1.4591 1.4604 2-months 1.4589 1.4602 3-months 1.4588 1.4601 6-months 1.4584 1.4600 Source: OCBC
      21 words
    • 77 27 May 11 1 mth 0.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 9 mths 12 mths 1.***** 1.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs
      77 words
    • 297 27 May 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.1800 99.1350 98.9200 98.7900 5458 3055 2876 2916 EUROYEN TIBOR FUTURES JunO9 99.460 99.460 SepO9 99.535 99.535 DecO9 99.525 99.525 Mar10 Jun10 Sep10 Dec10 Mar11 99.455 99.535 99.525 99.455 99.525 99.525 99.495 99.460
      297 words
    • 177 27 May 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) JunO9 170.5 Jul 09 Aug 09 Sep 09 Oct09 168.5 NOV09 168.0 168.5 168.0 168.0 168.0 168.0 168.0 168.0 92 180 20 330 825 886 808 946 1096 894
      177 words
    • 91 27 May 11 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****E 13.08.09 1-Year BY*****W 03.05.10 0.22 0.32 0.16 0.14 0.31 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875
      91 words
    • 129 27 As at 9am May 11 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Austdollar 1.1120 1.1460 Can dollar 1.2610 1.2760 Euro 1.9780 2.0000 NZ dollar 0.8790 0.8980 Sterlini ind 2.2070 2.2321 US dollar 1.4510 1.4670 Local dollars to 100 units of foreign currency:
      129 words
    • 169 27 May 11 Offer Bid Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.03 US$ Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.50 0.90 1.10 1.60 2.10 Offer 0.25 0.40 0.60 0.80
      169 words
    • 476 27 May 11 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.881 5.229 0.563 5.940 37.864 79.150 0.753 9.487 2.691 1.261 61.714 36.258 1.119 6.374 0.849 25.195 26.567 0.505 0.766 Canada 1.135 5.934 0.639 6.741
      476 words
    • 175 27 May 11 GOLD (USS/oz) May 08 May 11 Hong Kong 910.70 911.70 911.70 912.70 bULU bULLlUN LUMMi 6$) Selling Buying GOLD BULLION COINS 6$) Sellini Bu' rim London CAST BAR (S$) May 07 May 08 913.20 910.60 914.40 911.60 Source: Thomson Reuters R May 11 Selling Buying 1
      175 words
    • 170 27 May 11 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1182 1.1194 0.7663 0.7665 Canadian dollar 1.2690 1.2704 0.8696 0.8699 Euro 1.9861 1.9882 1.3611 1.3614 NZ dollar 0.8866 0.8878 0.6076 0.6079 Sterlini ind 2.2159 2.2183 1.5186 1.5191
      170 words
    • 70 27 May 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1508.00 1530.75 3 months 1544.00 1567.00 Copper, Grade A (US$/tonne) Cash 3 months 4667.00 4685.00 4700.50 4710.00 Lead (US$/tonne) Cash 1455.50 3 months 1465.00 1448.00 1461.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 72 27 May 8 COCOA (Btonne) Close Prev Hii ih/Low May 09 1831 1815 1836/1805 JulO9 1744 1735 1752/1718 SepO9 1740 1732 1749/1717 Dec 09 1737 1726 1745/1713 COFFEE (US$/tonne) Close Pev High/Low May 09 1484 1477 1491/1460 JulO9 1498 1490 1508/1470 SepO9 1511 1503 1520/1485 SUGAR (US tonne) White Close
      72 words
    • 104 27 May 8 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 1134.00 1119.00 1136.00 1118.00 Jul 09 1111.50 1102.00 1118.00 1098.50 Aug 09 1073.50 1063.00 1075.00 1062.25 Sep 09 1021.50 1014.00 1025.00 1014.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 39.30 38.47 39.28 38.24
      104 words
    • 77 27 CRUDE OIL PRODUCTS May 8 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 57.96 1.23 WTI (Near Mth) 58.40 2.02 Dubai (1-Mth F) 56.82 0.16 Tapis blend 60.70 0.10 Minas 58.90 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 50.55 S4.20 -1.22 -0.05 US$/barrel Opec Oil
      77 words
    • 2278 27 BONDS, WARRANTS EXTENDED SETTLEMENT [el lode Com| Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left >am 5036 Advance SCT Ltd W*****9 3092 Asia Environment W*****4 1481 #Asia Water Tech Ltd W*****0... 3816 Asiasons Capital Ltd W*****7.. 3756 Asiatic Grp (H) Ltd W*****2
      2,278 words
  • Page 27 Advertisements
    • 161 27 0^**********12^ m [iVIITOIWI ATED The ride up was great —were you ready for the fall? We've all been there. At GFT, you can lock in profits Ka> ~i ZM4WI! TRAILING STOPS and limit losses on any market you trade. jf .NjkgHfl This information is made available to you by or
      161 words

  • Page 28 Advertisements
    • 2231 28 m The Business Times Shipping Times B^»3^^^B^^^^HH9BlßliH Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE HIMIMI CtltllVflflll Destination Destination VIIVI V UflUUl UlHf STXPOTBN RTM/ANR/TIL STXPO TBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I dill wl I I lIC If A wll I™ 0 UdjjW
      2,231 words

  • Page 29 Advertisements
    • 4868 29 WSSM El El HrFT EASTERN CAR LINER, LTD frraMfri'ijicminn ll—-____- SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS J^^J lllllllllUlllllllllllil^^^^M 111 mp(KT) I Liltina(KT) I MNL I MUA I SIN I PKL I BTL I JKT I VOY !TA !TD IstiMn PCL/PHL SERVICE AMX SERVICE I Connecting ECL Svc via
      4,868 words

  • PROPERTY
    • 719 30 -LAT-WP Developer caught out as home prices in San Bernardino County sink [VICTORVILLE, California] Curtis Forrester moved into a new house in Victorville last week, but there was little time to enjoy the spa and designer kitchen. Just a few days after his arrival, the
      -LAT-WP; REUTERS  -  719 words
    • 442 30  -  EMILYN YAP By [SINGAPORE] For the third straight quarter, net take-up of ready-built factory space in Ql 2009 fell into negative territory for industrial landlord JTC Corporation. While the agency leased or rented out 10,800 sqm of such space, companies
      JTC  -  442 words
    • 139 30 [SYDNEY] Lend Lease Corp, Australia's largest property developer, yesterday slashed its profit forecast, saying the global real estate slump has forced it to delay the sale of assets. The company now expects As3oo million (***** million) in net operating profit for the fiscal
      139 words
    • 262 30 Bloomberg [MANILA] Vista Land Lifescapes rose the most in almost two years, leading Philippine builders higher in Manila trading after CLSA Ltd said investors should increase their holdings of property stocks. Vista Land, the fifth-biggest Philippine builder by market value, jumped
      Bloomberg  -  262 words
    • 1023 31 Reuters High debt costs, unsold projects and weak demand seen delaying rebound [MUMBAI] India's troubled property developers are seeing early signs of a rebound, but high debt costs and a lack of private equity funding suggest a sustained recovery is unlikely
      Reuters; REUTERS  -  1,023 words
    • 460 32  -  UMA SHANKARI Weak risk appetite, expectation gap between buyer and seller deter activity By [SINGAPORE] Asian property investment sales slumped 83 per cent quar-ter-on-quarter in the first three months of 2009 as risk appetite remained weak and the gap between buyer and seller
      AFP  -  460 words
    • 211 32 Reuters [HONG KONG] Chinese real estate developer Beijing Capital Land has said that revenues from flat sales in the first four months rose 200 per cent from a year ago, as the outlook for the mainland property market improved. The company sold
      – Reuters  -  211 words
    • 284 32 Bloomberg [DALLAS] Dallas voters approved building a US$356 million convention centre hotel designed to increase the volume of conventions in the city. The hotel passed on Saturday by 51 per cent to 49 per cent with all 534 precincts reporting, according to
      Bloomberg  -  284 words
  • Page 30 Advertisements
    • 978 30 vtV CHINA <[ b FISHERY \,/f GROUP LIMITED CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands with limited liability) NOTICE OF BOOKS CLOSURE FOR BONUS ISSUE OF UP TO 78,208,000 NEW ORDINARY SHARES OF US$O.O5 EACH IN THE CAPITAL OF THE COMPANY ("BONUS SHARES') ON THE BASIS OF ONE
      978 words
    • 155 30 I i Central Location: BdTyJrSnnßxtiaWJffW I Opposite Equity Plaza, next to Raffles Place A Transportation Hub: A Walking distance to Raffles Place MRT A Station, area is well served by numerous bus lines as well KQ Mjg A Salient Features: JgLy^j^^^H Raised floor system and column-free space |H^W^W^^M V which
      155 words
    • 10 30 I,227sqft (114sq m) Rental Negotiable No provision for F&B ■jjjjL*m£i*s££C£^B^
      10 words
    • 16 30 Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      16 words

  • Page 31 Advertisements
    • 380 31 Australian Pure Beef V A-Jftiinigimigj^mi /inrOl y Buy Direct from Western Australia *i\w P^^^^ Chilled, Aged Vacuum Packed W wAkEMi 60 Day Chilled Shelf-life A British Breeds at the Best Prices jfejTiTTimjl Wholesale Budget Prime Beef www.agricity.com.au /f llc^^^B^^^. I New 5 storey Building Carpenter Street d. Good Corporate Image/Advertisment
      380 words

  • Page 32 Advertisements
    • 306 32 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word 'Zap sms ***** (Post-paid subscribers) or 9741 9401 (Pre-paid subscribers) Ib. typing "zapcodesg" in the web browser of your handset 2. Trigger the Color Cam™ software
      306 words