The Business Times, 16 May 2009
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2009-05-16
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The Business Times
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Title Section19 2009-05-16 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg I MAY 16-17, 2009 Ssl.oo I MICA(P) 198/08/2008 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION19 words
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549 2009-05-16 1 Siow Li Sen - Siow Li Sen It could have lost USs3b on the deal, sources say; focus shifts back to Asia By lisen@sph.com.sg Singapore TEMASEK Holdings has cut its losses on Bank of America (BOA). The Singapore investment agency has sold its 3 per cent stake in549 words
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Article, Illustration865 2009-05-16 1 Samuel Ec - Samuel Ec From Merc to Audi to Porsche, they're all making a beeline for Changi Exhibition Centre By samuelee@sph.com.sg Singapore AUTO distributors are "looking east" these days in a bid to ramp up flagging car sales east, as in the Changi Exhibition Centre. The CEC's sprawling865 words
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Page 1 Advertisements
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Page 1 Miscellaneous
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Miscellaneous135 2009-05-16 1 DESIGN TfFV^lltfjSfflP DINING PROPERTY VIRUS WATCH M'sia confirms Ist HINI case Student tests positive on return from the US. Health ministry advises passengers of MHO9I arriving in XL from Newark on May 13 to contact the authorities. 3 SIA DIVESTMENT CEO defends SATS move Chew Choon Seng says that now135 words
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TOP STORIES
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MARKETS
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Article48 2009-05-16 2 Friday Change KL COMP 1,014.21 +2.22 NIKKEI 225 9,265.02 +171.29 HANG SENG 16,790.70 +249.01 SET 533.92 +7.37 JAKARTA 1,750.91 -34.10 MANILA 2,308.70 +44.47 KOSPI 1,391.73 +10.78 SHENZHEN B 401.40 +5.89 MUMBAI IND 12,173.42 +300.51 11 Warn EDT Changp 11.30am EDT Change DOW 8,295.08 -36.24 NASDAQ 1,684.05 -5.1648 words
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Article29 2009-05-16 2 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.398 TAIWAN 4.776 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
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Article41 2009-05-16 2 US$ 2$ US$' 1.467 ;us$/s$ ier£; 1.524 2.235 EURO. ;us$/s$/i 1.359 1.993 YEN 95.30 65.00 RM 3.547 2.419 HK$ 7.751 5.285 BAHT 34.53 23.55 RUPIAH 10,410 7,098 RENMINBI 6.826 4.654 INDIAN RUPEE 49.59 33.82 A$ 1.322 0.902 NZ$ 1.695 1.15641 words
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878 2009-05-16 2 Uma Shankari - Uma Shankari Sales in core central region get big boost in April, soaring to 19-month high of 322 units By shankari@sph.com.sg Singapore THE high-end property market which has remained subdued since the beginning of the year even as activity increased in the878 words
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274 2009-05-16 2 Reuters Hong Kong US casino operator Las Vegas Sands Corp has hired Goldman Sachs to look at a potential listing of its Macau unit in Hong Kong, a source said yesterday. The hiring conies as Sands this week said that it wouldReuters - 274 words
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322 2009-05-16 3 S Jayasankaran - S Jayasankaran Student hospitalised after testing positive for the virus on his return to XL from US By btworld@sph.com.sg Kuala Lumpur A STUDENT has tested positive for the HINI virus in Kuala Lumpur, making him Malaysia's first casualty of a viral disease322 words
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Article, Illustration58 2009-05-16 3 JOSEPH NAIR THE Marina Barrage was the spectacular scene of blazing pyrotechnics last night, illuminating the surreal story of a mythological creation in 'Helios IT the opening act of the Singapore Arts Festival 2009. The public show is being performed by French group La Compagnie Malabar, and willJOSEPH NAIR - 58 words
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Article, Illustration706 2009-05-16 4 Nisha Ramchandani - Nisha Ramchandani Move will unlock shareholder value, give shareholders a direct interest in SATS By nishar@sph.com.sg Singapore SINGAPORE Airlines (SIA) chief executive Chew Choon Seng yesterday defended the airline's proposal to divest its 81 per cent stake in subsidiary Singapore Airport Terminal Services (SATS).706 words
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452 2009-05-16 4 Joyce Hooi - Joyce Hooi By joyceh@sph.com.sg Singapore LONZA Group is doing some organic growth in more than one sense of the word with the expansion of its cell therapy business in Singapore. The Swiss contract manufacturer announced the construction of Asia's first cell therapy452 words
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365 2009-05-16 4 AP, Reuters LATEST US DATA Washington US consumer prices were unchanged last month as both food and energy costs declined to offset gains elsewhere. Prices over the past year fell by the largest amount in more than 50 years, the governmentAP, Reuters - 365 words
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Article, Illustration657 2009-05-16 5 Chen Huifen - Chen Huifen Outgoing AVA chief wants local investors to venture into food farms beyond Singapore's boundaries By xuifen@sph.com.sg Singapore OUTGOING Agri-food and Veterinary Authority (AVA) chief executive Chua Sin Bin will serve his last day at the agency next week, but he won't be going onLIANHE ZAOBAO - 657 words
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Article494 2009-05-16 5 Joyce Hooi - Joyce Hooi By joyceh@sph.com.sg Singapore LOCAL investors may understand many things, such as how to place butterfly spreads or hedge futures but what they simply do not understand is why the Singapore Exchange (SGX) would fix something that is not broken. Since the launch of the494 words
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Page 2 Miscellaneous
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Miscellaneous67 2009-05-16 2 NEWS LIVING Top stories 2-5 Dining L2-5 Raffles Conversation 6,7 Shopping L6 Week In Review 8 Gadgets L9 The CEO Column 9 IZZT^^B Companies 10-13 Singapore 14,15 Letter From Abroad 16 I World 17,18 Travel 1.10,11 Stocks stats 19-23 Design L12,13 Perspective 24,25 Weekend With Ll4 Wealth 27-32 Health Ll567 words
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Page 5 Advertisements
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Advertisement32 2009-05-16 5 t(')('] Jacl(pot f or next week 18/5/09 Fri ACim IpLAY^ ANvays play with care. Towards Community W Ireaponslb^ Do not bet Illegally. Purpose and Benefit >^J RCB Reg No. *****0202G I POOLS32 words
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THE RAFFLES CONVERSATION
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Article, Illustration2723 2009-05-16 6 Wong Wei Kong - Wong Wei Kong Ask Ron Sim of OSIM if he has any regrets acquiring Brookstone, and his reply is an unequivocal 'No. The experience, he says, has yielded many valuable insights. By FIVE years is a long time in business. Even for a man used toARTHUR LEE - 2,723 words
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Article76 2009-05-16 6 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean76 words
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WEEK IN REVIEW/WEEK AHEAD
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Article, Illustration619 2009-05-16 7 May 11-15, 2009 S'pore GDP could shrink up to 9% in Q2: survey BUSINESSES are now less pessimistic about the next six months, although business conditions deteriorated in the first quarter, the BT-UniSIM Business Climate Survey has found. Even so, the decline in sales, profits and new businessBLOOMBERG FILE PHOTO - 619 words
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Page 7 Miscellaneous
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Miscellaneous320 2009-05-16 7 CRYPTIC CROSSWORD UR,rMW viwaaww viw SATURDAY with Ludwig ACROSS —I pj —I [j —I r^ —I [j —i jg —j across stream? (8-5) i 1 Poem is read to pals |_l l__l BAt first glance, how a clock wrongly (8,4) Hill I ___l_______l__ is read? (2,3,4,2,2) hospital (2,5) Ti-^ 19320 words
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Miscellaneous94 2009-05-16 7 NEXT WEEK May 18-22, '09 US DATA May 19 April building permits April housing starts May 20 Crude inventories May 21 FOMC minutes of April 29 Initial job claims April leading indicators SINGAPORE DATA May 18 April merchandise trade May 21 Q1 gross domestic product Q1 wholesale trade index Q194 words
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FROM THE DESK OF
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Article, Illustration783 2009-05-16 8 Geraldine Mcßride - Geraldine Mcßride Now is the time to develop processes and policies that will help position businesses for success in the longer term FROM THE DESK OF President, SAP Asia Pacific Japan LOBAL disruption of financial services and the subsequent impact on economic confidence and trade783 words
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COMPANIES
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Article, Illustration825 2009-05-16 9 Winston Chai - Winston Chai CORPORATE FOCUS But signs of slowdown in mobile market point to need for diversification to sustain growth. By SINGAPORE'S telecommunications trinity walked the talk in the curtain raiser to 2009 with an encouraging set of quarterly results. But despite proving their defensive mettle,STOCKXPERT - 825 words
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439 2009-05-16 9 Joanne Tang - Joanne Tang By tjoanne@sph.com.sg Singapore PARKWAY Holdings Ltd reported a 9 per cent rise in net profit in the first quarter to $21.29 million, up from $19.53 million in the corresponding period last year. Excluding a one-off impairment loss of $2.2 million on439 words
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Article138 2009-05-16 9 SMRT Corp chairman Choo Chiau Beng will retire at the company's annual general meeting (AGM) on July 23, after six years in the position. Announcing this yesterday, SMRT said that the board has nominated Koh Yong Guan as its next non-executive chairman. Mr Koh, 63,138 words
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Article, Illustration541 2009-05-16 10 Jessica Yeo - Jessica Yeo By yeojess@sph.com.sg Singapore GOLDEN Agri-Resources, which reported a plunge in first-quarter net profit yesterday, said it is considering a rights issue but that there's no certainty any proposed rights issue will proceed. The oil-palm plantation group made this clarification in response to InternationalFILE PHOTO - 541 words
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Article384 2009-05-16 10 Nisha Ramchandani - Nisha Ramchandani By nishar@sph.com.sg Singapore RESORT operator Banyan Tree Holdings posted a net profit of $5.25 million for its first quarter ended March 31, down 66 per cent year-on-year. But the results were still a turnaround from the $6.96 million net loss seen in384 words
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221 2009-05-16 10 DESPITE the recession and the general gloom in the travel industry, Pan-Asia online travel service provider Asiatravel.com Holdings reported a net profit of $3.04 million for its first half-year ended March 31, marginally up from a year ago. The six months saw221 words
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Business briefing
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100 2009-05-16 10 Bloomberg CHARTERED Semiconductor Manufacturing, a unit of Temasek Holdings, is in talks with lenders to change terms of debt due after 2010 as the global recession hurts earnings. "We are talking to lenders to build certain flexibilities since the macro outlook is uncertain,"– Bloomberg - 100 words
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52 2009-05-16 10 CAPITALAND has terminated a joint venture agreement with South Saigon Development Corporation as the latter failed to deliver a site to the JV company as required under the deal. This is not expected to affect Capita Land's results for the year ending52 words
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83 2009-05-16 10 ADVANCE Modules Group said its application for an extension of time to hold its an- nual general meeting and to file its annual returns for the financial year ended Dec 31, 2008 has been rejected by the Accounting and Corporate Regulatory Authority (Acra). The company83 words
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50 2009-05-16 10 BEAUTY China said it has appointed BNP Paribas Capital (Asia Pacific) Ltd as its financial adviser to assist the group in reviewing all strategic options to resolve the going-con-cern issue. These include coordinating with potential investors, introducing new strategic investors and undertaking a rights issue.50 words
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65 2009-05-16 10 JAVA Holdings saw net profit for its third quarter ended March 2009 fall to $22.2 million from $39.1 million a year ago, due to lower proceeds from vessels disposal and foreign exchange hedging losses. Revenue dipped 9 per cent to65 words
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Article, Illustration928 2009-05-16 11 R Sivanithy - R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent FOR the blue-chip Straits Times Index (STI) it has been a nervous week, spent foreshadowing Wall Street's movements. Of course, there is nothing new about that. Indeed, it's a point that has been made many times928 words
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Article, Illustration438 2009-05-16 11 Teh Shi Ning - Teh Shi Ning By tshining@sph.com.sg Singapore INDUSTRIAL fishing company China Fishery yesterday reported a first-quarter net profit of U5543.7 million, an 8.2 per cent increase over the US$4O.4 million recorded in the same quarter a year ago. Group managing director Ng Joo Siang438 words
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255 2009-05-16 11 Oh Boon Ping - Oh Boon Ping By huwenbin@sph.com.sg Singapore Singapore NOBLE Group, which is undertaking a share placement, said yesterday that it was not aware of any news leak prior to its filing on Tuesday. In a statement, the commodities trader clarified that the details255 words
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280 2009-05-16 12 Ronnie Lim - Ronnie Lim By ronnie@sph.com.sg Singapore CHINA Aviation Oil Singapore (CAOS) saw a first-quarter net profit of US$4.ll million less than half the US$9 million of Ql last year as revenue fell 35 per cent to US$655 million due to lower jet fuel prices. Nevertheless,280 words
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400 2009-05-16 12 Vincent Wee - Vincent Wee By vincewee@sph.com.sg Singapore Swiber Holdings swung back to a US$9.B million net profit in the first quarter, compared to a US$B.3 million loss in the fourth quarter. But this profit attributable to equity-hold-ers was still a 5 per cent dip from400 words
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Page 12 Advertisements
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Advertisement172 2009-05-16 12 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 the172 words
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SINGAPORE
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Article, Illustration462 2009-05-16 13 Jamie Lee - Jamie Lee Drop attributed to lower motor vehicle sales, fewer visitor arrivals By leejamie@sph.com.sg SINGAPORE recorded the sixth straight monthly slide in year-on-year retail sales in March. Sales fell 7.3 per cent from 12 months earlier a steeper fall than February'sMOHD TAUFIK A KADER/BERITA HARIAN - 462 words
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413 2009-05-16 14 Emilyn Yap - Emilyn Yap Capita Land releases units at The Wharf Residence, Frasers Centrepoint to launch Woodleigh project in July or Aug By emilyny@sph.com.sg DEVELOPERS are riding the wave of buying interest to launch more units. Capita Land yesterday released 100 two and threebedroom units at413 words
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Article, Illustration431 2009-05-16 14 Teh Shi Ning - Teh Shi Ning By tshining@sph.com.sg ERNST Young yesterday launched nominations for the eighth annual Ernst Young Entrepreneur Of The Year Awards. "The current economic downturn has not diminished our desire to drive the spirit of entrepreneurship at all," said E&Y's country managing partnerARTHUR LEE - 431 words
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498 2009-05-16 14 Michelle Yeo - Michelle Yeo By michyeo@sph.com.sg RECRUITMENT for the 3,000 job vacancies at lON Orchard mall has kicked off with a May 14-17 networking session to help fill up to 1,500 positions immediately. Landlord Orchard Turn Developments got together with the Workforce Development Agency498 words
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Page 13 Advertisements
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Advertisement767 2009-05-16 13 ■■■■■■■■I V*S7 Toll free: 1800-289-8822 V L V Email: notices@sph.com.sg y JL^IV^/ JL JLV^/JLjIJ www.cats.com.sg Vn™ E E^™^?i| FCOM?ANIK THECOM?A E|^a, OCAP.SO INTHEMATTEROF IN THE MATTER OF ACT'CAn" ERSOI PBUDENCEI/nvestment F PTELTD THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 IN THE MATTER OF PRUDENCE INVESTMENT PTE LTD767 words
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LETTER FROM ABROAD WITH ASCOTT
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Article, Illustration790 2009-05-16 15 Khai Boon Tan - Khai Boon Tan LETTER FROM I PHILADELPHIA Audit senior KPMG LLP 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 yourself, as well as any other relevant images.790 words
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Page 15 Advertisements
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Advertisement241 2009-05-16 15 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group NOW DEFINING GLOBAL LIVING IN BANGKOK special2s™anniversary Ascott invites you to celebrate its 25 th anniversary with special rates and s Kr 111 promotions at our 5 participating serviced residences in Bangkok. From the H241 words
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WORLD
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Article, Illustration521 2009-05-16 16 Reuters It is discussing sale price of USslob, but selling BGI will derail separate sale of iShares New York/London BARCLAYS pic is in talks to sell its prized asset management arm, a person familiar with the matter said, after the auctionReuters; AP - 521 words
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Article, Illustration429 2009-05-16 16 NYT Bangkok MYANMAR'S pro-democracy leader Aung San Suu Kyi was charged on Thursday with violating the terms of her house arrest in a move that could tighten the grip of the military junta over its chief opponent ahead of an election next year. HerNYT - 429 words
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354 2009-05-16 16 AFP London REIGNING world champion Lewis Hamilton has admitted that the predominance of politics in Formula One has left him feeling disillusioned with the sport. Hamilton, 24, claimed his maiden world crown for McLaren in spectacular style last season. However, the Englishman'sAFP - 354 words
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Article, Illustration622 2009-05-16 17 Reuters New York's theatre row has been virtually impervious to economic declines New York WALL Street may be in a slump as the global economic slump grinds on, but Broadway theatres continue to lure crowds as they have for decades during times ofReuters; AFP - 622 words
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Briefing
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66 2009-05-16 17 Bloomberg Hong Kong The Hong Kong economy shrank by the most since at least 1990 as exports tumbled and unemployment climbed, increasing pressure on the government to spend more to revive growth. Gross domestic product shrank a seasonally adjusted 4.3 per cent inBloomberg - 66 words
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64 2009-05-16 17 Reuters Bandung Indonesian President Susilo Bambang Yudhoyono confirmed yesterday that central bank governor Boediono was his vice-presidential running mate in a July election. Dr Yudhoyono, who is heavily tipped to be re-elected, also said that his Democrat party would team up smaller parties,Reuters - 64 words
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66 2009-05-16 17 AP Tokyo Panasonic Corp sank deep into the red last fiscal year, joining a growing list of Japanese electronics makers who have fallen victim to a stronger yen and an unprecedented slump in global demand. The Os-aka-based company yesterday reported a 379 billionAP - 66 words
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75 2009-05-16 17 Reuters Mumbai Indian consumers are largely shrugging off the global economic downturn, with more than two-thirds saying they have no plans to cut spending over the next year, Boston Consulting Group said on Thursday. Spending has grown at annual rates of 10 per centReuters - 75 words
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72 2009-05-16 17 AFP Frankfurt The global recession has dealt exporting giant Germany the biggest blow since records began 40 years ago, with data yesterday showing a first-quarter output slump of 3.8 per cent. France, Germany's main partner and the sec-ond-biggest eurozone economy, meanwhile enteredAFP - 72 words
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279 2009-05-16 17 New Delhi THE ruling Congress-led coalition is clearly emerging as the leading alliance and is likely to get 216 seats in the federal elections in India, which are expected to produce a highly fractured verdict, according to an Exit Poll forecast by a279 words
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SGX
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Article9022 2009-05-16 18 ligh ligh Low Code Company Sale Com) High Low Buyer Seller C'vr P/E Smil I _0 10.5 5 1.5 !3 '6.5 1.5 0.5 JS8 5.5 I 1.5 5.5 2.5 !6 1 ;.5 4 I 14.5 12.5 1^ 20 5 ;5.5 I !4.5 15 16 17 179,022 words
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Article1539 2009-05-16 21 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil _9 5 1181 s AAGrp !2 13 8538 t APStrategic 0.5 1501 s Advanced System 0.5 2 3480 t Adventus 17.5 8.5 3518 s Afor 7.9 2 1524 t Alantac 9.5 3.5 7814 s Albedo1,539 words
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Article48 2009-05-16 21 Up Down Unch 5 9 3 Up Down Unch OOP Up Down Unch 5 9 3 lultilnd lanui tecturinj .ommerce ■inance ,onst ruction 'roperties Tot tote I ists >ervices led i as/ teter linin; larr Active counters with no volume for today are not included48 words
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Article172 2009-05-16 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co172 words
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Article833 2009-05-16 21 For week beginning May 11 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Cony No of Shares *000 Price Per Shr$ SHAREHOLDING Before After (*000) (*000)833 words
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Page 18 Advertisements
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Advertisement20 2009-05-16 18 —^SlO E^^fj^^f^^^-' ROYAL OAK OFFSHORE COLLECTIONS "^^W^i^ff^^^Mß^" ~B& vjls^^ J£j^| it' ~^^V^'''--Aii l For enquiries, Tel: (65) 6238 6678 www.audGmarspiguet.com20 words
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MARKETS
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STOCK MARKETS
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Article, Illustration20 2009-05-16 22 YTD change:+2l.47% 52-week high: 3,254.44 on May 20,2008 52-week low: 1,455.47 on March 10,2009 Source: E Bloomberg: Bloomberg - 20 words
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Article, Illustration19 2009-05-16 22 YTD change:+l6.74% 52-week high: 25,822.00 on May 19,2008 52-week low: 10,676.20 on Oct 27,2008 Source: -Bloomberg-Bloomberg - 19 words
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Article, Illustration25 2009-05-16 22 YTD change:-5.07% 52-week high: 13,136.60 on May 19,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source:! Bloomberg:: Bloomberg - 25 words
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Article, Illustration20 2009-05-16 22 YTD change:+4s.2B% 52-week high: 3,706.72 on May 15,2008 52-week low: 1,664.92 on Oct 28,2008 Source:! Bloomberg: Bloomberg - 20 words
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Article, Illustration17 2009-05-16 22 YTD change:+4.sB% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Source:! Bloomberg: Bloomberg - 17 words
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364 2009-05-16 22 May 14 dy yr dy %yr %dy %yr Index Change Change Change Change Change Change World Index Preliminai 678.6 0.1 0.1 0.1 1.6 0.0 0.0 EAFE Preliminai 650.5 -0.8 0.2 -0.8 1.1 -0.8 -0.5 Euroi Preliminai 904.2 0.4 -0.8 0.4 0.8 0.3 -0.8 Pacific 551.7364 words
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Article161 2009-05-16 22 May IS\ Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1083 1.1102 Against US? Bid Offer 0.7561 0.7566 :anadian dollar 1.2505 1.2524 0.8531 0.8535 Euro 1.9914 1.9939 1.3586 1.3589 NZ dollar 0.8642 0.8660 0.5896 0.5902 jterlini 2.2330 2.2360 1.5234 1.523' US161 words
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Article73 2009-05-16 22 May m|| COCOA (£/tonne) Close Prev Hi! jh/Low Jul 09 1590 1601 1603/1573 SepO9 1602 1611 1614/1585 Dec 09 1613 1620 1624/1597 MariO 1621 1626 1630/1606 COFFEE (US$/tonne) Close Pev High/Low May 09 1481 1480 1476/1474 Jul 09 1505 1500 1506/1481 SepO9 1513 1511 1514/1491 SUGAR (US tonne) White73 words
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Article88 2009-05-16 22 Hm^m! SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low May 09 1166.*****0.*****6.*****0.00 JulO9 1147.*****8.*****8.*****5.75 Aug 09 1098.*****5.*****8.*****7.25 Sep 09 1040.*****7.*****8.*****4.25 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low May 09 38.60 38.90 38.75 38.59 Jul 09 38.84 39.16 39.15 38.70 AugO9 39.00 39.33 39.27 38.91 SepO9 39.1588 words
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Article75 2009-05-16 22 May iM CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 57.30 -1.45 58.49 0.49 56.14 -1.93 59.65 -2.25 58.40 -2.25 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 50.32 -0.85 62.30 -1.70 USS/barrel Opec Oil Basket Price75 words
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Article68 2009-05-16 22 May 15 GOLD (US$/oz) May 14 May 15 Hong Kong 921.30 922.80 922.30 923.80 May 13 May 14 London 925.50 926.10 926.50 927.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 20.55 20.32 PLATINUM Lon (US$/oz) May 14 Close Previous PM Fix 1106.*****1.00 AM Fix 1105.*****1.00 Source: Thomson68 words
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Article64 2009-05-16 22 May IS\ KLCE PALM FUTURES (RM/MT) Deliver/ Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi, May 09 2830 Jun 09 2787 Jul 09 2720 Aug 09 2680 Total o/p: ***** contracts 2849 2849 2830 2731 2816 2724 2665 2753 2655 2612 2706 260564 words
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Article70 2009-05-16 22 MayU\ Aluminium, 99.7? purity (US$/tonne' Close Previous Cash 3 months Copper, Grade A 1495.50 1532.00 1489.00 1527.00 ;us$/tonne) Cash 3 months Lead (US$/tonne; 4441.00 4445.00 4428.00 4441.00 Cash 3 months 1429.00 1435.00 1452.00 1455.00 lickel ;us$/tonne; Close Previous Cash 3 months Tin (US$/tonne; *****.50 *****.00 *****.00 *****.00 Cash70 words
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PERSPECTIVE
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Article, Illustration841 2009-05-16 23 Ang Swee Hoon - Ang Swee Hoon With clients and competitors constantly upping the ante, service providers cannot afford to rest on their laurels By ECENTLY, two independent reports indicated that Singapore has slackened in its service standards. A Health Ministry showed that 74 per cent of patients rated ourTERENCE TAN^HE STRAITS TIMES - 841 words
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788 2009-05-16 23 Edward Hadas - Edward Hadas BREAKINGVIEWS Price gyrations may make speculators smile but everyone else producers, consumers, policymakers suffers By THE latest pop in the oil price caught almost everyone by surprise. But the 73 per cent rise in less than three months was hardly a unique phenomenon788 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1052 2009-05-16 24 Genevieve Cua - Genevieve Cua Banks are offering to set up trusts for their mass affluent client base where customers typically have investible funds of at least $200,000. By By RUST planning is j typically a service pitched at private banking clients, but now some banks are tailoringREUTERS - 1,052 words
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Article800 2009-05-16 24 Lynette Khoo - Lynette Khoo Singapore Airlines Trading sell CIMB-GKI May 15 Close: $11.60 FYO9 core net profit was 7 per cent below forecast and 17 per cent below consensus, as both passenger and cargo yields came in below expectations. Q409 pretax profit fell 95 per cent y-o-y, as Virgin Atlantic800 words
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Article, Illustration1362 2009-05-16 26 Sani Hamid - Sani Hamid WEALTH INSIGHTS The market is in danger of grossly underestimating the socio-economic risks connected with the disease Director, wealth management (economy strategy) Financial Alliance S A strategist, it is my job to make calls on the economy and markets. Take for inJ^^J^^kAP - 1,362 words
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Article, Illustration1426 2009-05-16 27 Teh Hooi Ling - Teh Hooi Ling SHOW ME THE MONEY Jeremy Grantham of GMO recommends having two battle plans, to determine levels at which to reinvest and to sell hooiling@sph.com.sg Senior correspondent HE global financial j crisis that has played out in the past 18 months orFILE PHOTO - 1,426 words
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WEALTH REAL ESTATE
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Article, Illustration873 2009-05-16 29 Uma Shankari - Uma Shankari Investors, end-users eye good value in prices, which are almost half their peaks last year. By ONG Kong's office market is showing signs of life again, after almost a year in the doldrums. About 120 office sale transactions were registered inFILE PHOTO - 873 words
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Page 25 Advertisements
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Advertisement269 2009-05-16 25 I 7i^ Px^j I Subscribe to The New Paper daily and you're sure to win one of these fabulous prizes and more! 1 chance for 6-month subscription and 2 chances for 12-month subscription Pairof4D/3N Pairof4D/3N 2D/IN Coach to Citiescape Coffee Bali Trip Phuket Trip XL/Malacca Table Travel Book Set (Incl.AirTickets)269 words
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Page 28 Advertisements
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Advertisement1036 2009-05-16 28 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 4 Le Crescendo Apt 24/04/2009 FH 1378 882 640* NON-LANDED LeCrescendo Apt 23/04/2009 FH 1539 1000 650 The Berth By The Cove Apt1,036 words
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Page 30 Miscellaneous
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Miscellaneous25 2009-05-16 30 INSIDE STORIES Restaurant-bars in the most ■^■^^91 unexpected places B i i^ 1 r L_ I m~ I j^ k PHOTO BY YEN MENG JIIN25 words
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BT Living
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DINING
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Article, Illustration1919 2009-05-16 31 Audrey Phoon; Geoffrey Eu; Audrey Phoon - Audrey Phoon Geoffrey Eu Audrey Phoon Need a decent meal or a stiff drink? Head to the golf course, an amusement arcade or even the post office. The latest restaurant-bars are in the least expected of locations Dempsey One Three O 130E Minden Road S 6777-7292 THE latestDEMPSEY ONE THREE O PHOTOS BY ARTHUR LEE; KPO PHOTOS BY YEN MENG JIIN - 1,919 words
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Article, Illustration1895 2009-05-16 32 Jaime Ec; Geoffrey Eu - Jaime Ec Geoffrey Eu Dedicated foodies can now add Spanish designer chocolates, full-blood wagyu and dry-aged beef to the list of gourmet products available here. A new range of artisanal cheeses is heading our way too Spanish treats The Spanish Pantry (Singapore) www.thespanishpantry.com.sg IT ALWAYS happens to foodies.YEN MENG JIIN; ARTHUR LEE; INDOGUNA PHOTOS BY YEN MENG JIIN - 1,895 words
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SHOPPING
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Article, Illustration1236 2009-05-16 33 Audrey Phoon - Audrey Phoon A student of dermatology and a jewellery designer are making their mark in the fashion world with their unconventional approaches. By Mauro Orietti-Carella IT WAS an injection, quite literally, that nursed exotic-skin bag maker Zagliani back to health. The year was 2002 and Mauro Orietti-Carella hadSCAVIA PHOTOS: YEN MENG JIIN - 1,236 words
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FASHION
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Article, Illustration655 2009-05-16 34 Melissa Lwee - Melissa Lwee BT Weekend talks to the designers featured at The Audi Fashion Festival last week. By THE crowd watched in hushed silence as designer Vivienne Westwood appeared on a big screen during the Audi Fashion Festival's closing show last Sunday. In the pre-recorded video,655 words
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Article, Illustration589 2009-05-16 34 LAST week, designer Ashley Isham was at a preview gala dinner at the Audi Fashion Festival where he was showing his latest collection when a man walked up and asked if he was the designer of a pink dress that had caught his eye.589 words
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Article, Illustration1091 2009-05-16 35 Melissa Lwee - Melissa Lwee WITH his immaculate hair and an unmistakable air of elegance, haute couture designer Dominique Sirop looks every inch a royalty sipping his coffee in the lobby of the St Regis Hotel. "When I was a little boy, my father took me to visit the Versailles andGABIAN CHEW - 1,091 words
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GADGETS
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Article, Illustration742 2009-05-16 36 Christopher Lim - Christopher Lim Increased storage capacities of the latest video cameras means you can take longer high definition movies. By ANYONE who has ever run out of storage space on their camcorder in the middle of capturing a precious moment will appreciate the increased memory capacity of the742 words
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TRAVEL
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Article, Illustration1480 2009-05-16 37 Mozzarella comes chiefly from Italy's Campania region and since the 12th century at least, buffaloes have given the world fresh, pillow-soft, white mozzarella cheese. THE Italian buffalo is a massive beast, with eyes that glow red, and a bony rump. Resistant to any change in routine, it isPHOTOS: BLOOMBERG - 1,480 words
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DESIGN
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Article, Illustration1392 2009-05-16 38 Cheah Ui- Hoon - Cheah Ui-Hoon SEAT DEPTHS SHOULD SUIT THE USER SO THAT THEY CAN REACH THE BACK REST, AND AS FOR STABILITY, A FIVE-POINT BASE ON CASTORS IS RECOMMENDED. ARM RESTS AREN'T ESSENTIAL BUT IF PREFERRED, THEN THEY SHOULD ALSO BE HEIGHT ADJUSTABLE. uihoon asph.com.sg, limchris asph.com.sg T'S1,392 words
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WEEKEND WITH
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Article, Illustration900 2009-05-16 39 Amanda de Guzman - Amanda de Guzman 'There is no question that my stamina has increased. I am able to do things I definitely could not do two years ago. My mental strength has also improved.' Dr Barrault Muay thai is a tough sport, but it provides excellent training for a personPHOTOS BY ARTHUR LEE - 900 words
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HEALTH
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Article, Illustration880 2009-05-16 40 Cheah Ui- Hoon - Cheah Ui-Hoon Besides going for a flu jab during an outbreak of influenza,, it could be just as important to get inoculated against bacterial infection. By WHAT'S UP, DOC? There are a lot of unknowns about the current HINI virus. Scientists aren't even sure how it willAP - 880 words
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262 2009-05-16 40 IN SINGAPORE, there are currently two pneumococcal vaccines available commercially here. The heptavalent pneumococcal conjugate vaccine is marketed for children but is not on the national immunisation programme's list of vaccines. Hsu Ii Yang, consultant, division of infectious diseases, university medicine cluster of the National University262 words
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SPORT
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Article, Illustration548 2009-05-16 41 Lee U- Wen - Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent THE days of billionaire tycoons swooping on English football clubs could be over if new rules to introduce safeguards and greater financial transparency are given the green light. The English Premier League (EPL) arguably the world'sAFP - 548 words
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GOLF
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Article, Illustration1195 2009-05-16 42 Justine Moss - Justine Moss After years of lagging behind their professional counterparts in the region, China's women golfers are now hoping to reverse that trend. By SOUTH Korea has long been the success story when it conies to women's golf in Asia, with pioneer Pak Se Ri leading the way.PHOTOS: GETTY IMAGES, THE NEW PAPER; REUTERS - 1,195 words
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MOTORING
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Article, Illustration454 2009-05-16 43 Samuel Ec - Samuel Ec A Boxster or Cayman can be configured in a myriad of combinations. By FEW realise it but a Porsche Boxster or Cayman, as well as their more powerful S versions, can be configured in a myriad of combinations. From basic to full-option packages, any amount of454 words
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driving notes
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Article, Illustration85 2009-05-16 43 THE Honda Insight petrol-elec-tric hybrid was Japan's best-selling car (excluding mini-vehicles under 660 cc) in April the first time in history that a hybrid model has topped the industry's monthly sales period. According to the Japan Automobile Dealers Association, the Insight racked up sales of 10,481 units. It85 words
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Article, Illustration85 2009-05-16 43 ANOTHER hybrid is also in the news but this time, for revealing its inner workings. From now until June 29, 2009, the Lexus GS Hybrid Cutaway will be displayed at the Lexus showroom on Leng Kee Road. The exhibit demonstrates how the Lexus Hybrid Drive system transfers power85 words
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Article, Illustration78 2009-05-16 43 CYCLE CARRIAGE France will be investing $500,000 in a new showroom to showcase its Citroen marque's new brand identity. The authorised distributor will move in late June from its current Leng Kee Road premises to a new Citroen showroom in the main Cycle Carriage building at 239 Alexandra78 words
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Article, Illustration96 2009-05-16 43 ' Samuel Ee - Samuel Ee THE first Porsche Panamera will cruise into authorised distributor Stuttgart Auto's showroom in September in the same month as the all-important Frankfurt motor show. But the sport carmaker's first four-door sedan is only for Singapore buyers' viewing pleasure and demonstration purposes. The earliest delivery date96 words
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Article, Illustration539 2009-05-16 44 Samuel Ec - Samuel Ec Nissan's latest Z-car is lighter and faster than the 350Z it replaces and isn't as expensive. By THE best thing about buying a new car these days is that it will probably cost less than the previous model when that was introduced four or five539 words
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Article, Illustration526 2009-05-16 45 Samuel Ec - Samuel Ec The latest offering from the German premium carmaker's relentless model offensive is the A3 Cabriolet. By I AUDI is rolling out new models faster than they can speed from zero to 100, and the latest offering from the German premium carmaker's526 words
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Page 41 Advertisements
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Advertisement735 2009-05-16 41 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Pan Pacific Singapore Level 35, Orchard Wing and Le Jardin des Sens in Montpellier, this Barbecue Galore Meritus Mandarin Singapore former right-hand man to the Michelin star Marina Mandarin Singapore Brunch, Level 4 333 Orchard735 words
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Page 44 Advertisements
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Advertisement37 2009-05-16 44 mm 4 v I^^^X X 1 f Porsche Cayenne where dreams become REALITY —szrNEW ALEXANDRA SHOWROOM,THE ALEXCIEH, 237 Abnandra Road #01-11/14/15/16 TEL: 6473 11 19 ÜBI SHOWROOM, 61 Uhi Aye 2, AML Building, SO2-16/17/18 TEL 6749 111937 words
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