The Business Times, 18 May 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|]^l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Monday, May 18,2009
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  • 791 1  -  NISHA RAMCHANDANI Some extending special rates till July 2 months before the race as clients shop for the best deals By [SINGAPORE] In difficult times, late birds can still get the worm. With companies playing hard to get, Singapore hotels appear to be prolonging their
    AP  -  791 words
  • 594 1  -  JAMIE LEE But recent rally may force re-look of such plans, offer prices By [SINGAPORE] It used to be exciting stuff when companies were taken private more so if it involves the exit of a household name or high-profile company. Some notable
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  • MARKETS DIGEST
    • 51 1 >T Index 2,139.78 -98.43 1 COMP 1,014.21 -12.57 IIKKEI225 9,265.02 -167.81 IANG SENG 16,790.70 -599.17 ;et index 533.92 +6.20 JAKARTA COMP 1,750.91 -111.62 1ANILA COMP 2,308.70 +66.72 ;eoulcomp 1,391.73 -20.40 ;henzhenb 401.40 +13.61 IUMBAI IND 12,173.42 +296.99 )OW 8,268.64 -306.01 IASDAI 1,680.14 -58.86 ;&P 500 882.88 -46.35 =TSE 4,348.11
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    • 29 1 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
    • 46 1 IS$ (S$ per US$) 1.46' (US$/S$ >er£) 1.524 2.23' EURO (US$,S$/E) 1.359 Foreign currency per US$ 1.99: S: 'EN 95.30 65.0I 3.547 2.41 IK$ 7.751 5.28! !AHT 34.53 23.5 1 lUPIAH 10,410 7,091 1ENMINBI 6.826 4.65. INDIAN RUPEE 49.59 33.82 1.322 0.902 IZ$ 1.695 1.151
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  • Page 1 Advertisements
    • 3 1 8 *****1 *****4
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    • 219 1 "I believe it's a result of putting your whole self into your work." Josephine (Obin) Best Private Bank 2008 Komara, responsible for the renaissance of batik as an haute-couture fabric, Awarded by FnanceAsia Solo, Indonesia Best Boutique Private Bank Ask Indonesia's Josephine Komara about making her acclaimed and precious fab-
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  • Page 1 Miscellaneous
    • 52 1 $bfl DINING OUT VIEWS FROM fp3 NANYANG BUSINESS BizlT *Z*&~*i' Old world flair THE TOP SCHOOL AMD sets up i% at Raffles Stock market rally: m k Interim dean Gillian Yeo on why Asia-Pacific HQ here "«IP^^ page 14 bull or bear? pages 12-13 ft ex-dean Singh quit page 10
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  • TOP STORIES
    • 682 2  -  MEIL BEHRMANN India, Indonesia, China, Spore stand out with gains of above 35% By T in London ASIAN markets have outperformed North American and European markets by a wide margin. During the bear market, the few bullish strategists were forecasting that
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    • 928 2  -  ANDREW MARKS WALL STREET INSIGHT Some expect mild retreat others think market may retest March lows By in New York US STOCKS have soared over the past two months as investors flocked back to the market, relieved that the financial system had narrowly avoided
      ■ AFP  -  928 words
    • THREE-MINUTE DIGEST
      • 84 2 IN difficult times, late birds can still get the worm. With companies playing hard to get, Singapore hotels appear to be prolonging their "early bird" rates for Fl bookings. Some are extending their special rates to as far as July just two months
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      • 76 2 IT used to be exciting stuff when companies were taken private. But all that has changed with the credit crunch. With the markets on Prozac, recent offers have been pegged to poor valuations that fail to entice buyers, market watchers said. However, one market watcher
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      • 63 2 ASIAN markets have outperformed North American and European markets by a wide margin. During the bear market, the few bullish strategists were forecasting that Wall Street would outpace Asian markets until their exports recovered. Instead, Asian markets with smaller market capitalisations
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      • 68 2 FINALLY, a price benchmark has been set for a CBD office block in Singapore. Parakou Building, at the corner of Robinson Road and McCallum Street, has changed hands at $81.38 million or $1,280 per square foot of net lettable area, BT understands. A
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      • 68 2 WHEN the economy plunges, so do sales of luxury items. The current recession is no exception. The Art Folio Gallery, which specialises in Asian art, has seen a 50-70 per cent drop in business over the year. Private operators like Wetterling Teo Gallery,
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      • 64 2 CAPITALAND has sold another 24 apartments over the weekend at The Wharf Residence at Tong Watt Road, off Mohamed Sultan Road, the listed property group said yesterday. The apartments are priced at between $1,300 and $1,600 per square foot inclusive of a
        64 words
      • 67 2 FRESH and deep recession data is doing little to dampen "green shoots" talk that the global crisis is beginning to bottom out, although analysts are forecasting a long bumpy journey to recovery. Economists have seen a light on the horizon in recent
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      • 42 2 THE re-election of India's Congress party should provide five years of political stability to push vital reforms and growth that could help lift millions out of abject poverty, economists say. GREATER CHINA/INDIA, PAGE 17
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      • 51 2 GUNNING for more growth from this region while priming itself for the anticipated quicker bounce-back of Asia from the global downturn, computer chipmaker Advanced Micro Devices has moved the reins of control of Asia-Pacific, including sales and marketing, from the US to Singapore. BIZIT, PAGE
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    • 456 4  -  UMA SHANKARI Lawyers for both buyers and sellers look at the new deadline of May 22 By [SINGAPORE] The consortium that bought the Gillman Heights condo site in a collective sale has "every intention" of completing its purchase, its lawyers said in a
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    • 590 4  -  JESSICA YEO ZEINAB YUSUF By, and WHEN the economy plunges, so do sales of luxury items. And the current recession has not bucked that trend. "Artworks are luxury items, so in such times people will hold off purchases," says the manager of Art
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    • 382 4  -  KALPANA RASHIWALA Price works out to 36% below what seller paid in 2007 By [SINGAPORE] Finally, a price benchmark has been set for a CBD office block in Singapore. Parakou Building, at the corner of Robinson Road and McCallum Street, has changed
      YEN MENG JIIN  -  382 words
  • Page 2 Advertisements
    • 433 2 I |BDO Regional Tax Conference 2009 vSVffnflj^SnEnSmlSfl companies expand their operations into newer markets and territories, tax planning and compliance becomes critical. ■■^■■■■■yIUBHBSvT^ India and Thailand have regulations and restrictions regarding Date- 4 Tune 2009 foreign investment while China has introduced new regulations I Venue- Sheraton Towers on tax withholding
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  • Page 3 Advertisements
    • 106 3 I II Issued by The Hongkong and Shanghai Banking Corporation Limited, which is incorporated in the Hong Kong SAR with limited liability. The image of the HP Mini notebook featured is for illustration purposes only, and does not reflect the actual unit that the customer would receive. To become an
      106 words

  • Page 4 Advertisements
    • 277 4 Broadcast s *****9 iNTERnc-nOTiE^ The 14th International Digital Multimedia Entertainment The 3rd International Interactive, Digital Media Entertainment Technology Exhibition Conference Exhibition Conference 19 JUNE I 10.30 am 6pm 10.30 am 4pm Asia's Top Broadcasting, Multimedia Entertainment Technology Event EVENT HIGHLIGHTS Exhibition Digital Signage First at InteractiveDME 600 world-class vendors Regional
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    • 5 4 |rai?'s best muscc. f lUUI>
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    • 49 4 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. /^/y Jackpot for this week I^s/09 SINGAPORE IPLAYi Ataays play with care. Towards Community W^—A IresponsiWf Do not bet illegally. Purpose end Benefit J RGB Reg No **********
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  • Page 5 Advertisements
    • 69 5 Combining ingenuity world economy, and resource^, entrd refit curs build dynai companies that are vibrant ideas optimi into markets, and an unwavering commit are the lifeblood of t Major sponsors: J ARCIAYS FJI .9 WEALTH fei^f Sponsor: Official Official Official luxury Supporters: media station: newspaper: lifestyle magazine: €p A stfi
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  • SINGAPORE MARKETS
    • 776 6  -  R SIVANITHY STOCKS THERE'S nothing like a wild stock market rally to fire the imagination, stir the senses and get analysts talking about green shoots, V-shaped recoveries, virtuous cycles and the birth of a new bull market. From their March 9 lows
      776 words
    • 125 6 COMMODITIES [LONDON] Oil hit a six-month high above US$6O this week, boosted by a falling US currency, but later retreated on a worsening demand outlook, analysts said. Oil: By Friday, on the New York Mercantile Exchange (NYMEX), light sweet crude for delivery in June rose
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    • 1829 6 Payment (eta) Ex Books Pay date close date iTelecom Intl bn 0.111 05-Ma) 07-Ma) 22-M; iBR Hide ak 0.500 11-Ma) 13-Ma) 28-M; action Asia ak 1.200 05-Ma) 07-Ma) 19-M; \damj Ltd 1.000 05-Ma) 07-Ma) 22-M; advanced Hide an 1.000 04-Ma) 06-Ma) 19-M; ,EI Con ak 0.750 06-Ma) 08-Ma)
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    • 172 6 CURRENCIES [HONG KONG] Asian currencies ended the week mostly lower against the dollar amid mixed views on whether the worst was over for the global economy. Japanese yen: The yen stood at 95.19 against the dollar in New York late Friday, up from 98.43
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    • 1433 6 Source: Thomsonßeuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Company name \llgreen Prop oerties 2.75 2.92 12 4.99 15.12 0.57 0.77 ,RA Asset Mi 2.00 2.00 6.25 8.96 0.64 0.58 ,rmstroni Industrial Cor| 1.50 1.50
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    • 4 6 WEEKLY
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    • 58 6 OTHER SINGAPORE INDICES CLOSE IT OB/OS 1260.00-121.0C IT CADI -*****.00 +26.0i IT 10-day MA -*****.00+126. TSE ST Mid Cap 458.13 -5.3. TSE ST Small Cap 401.85 -3.5: TSE ST All Share 518.29 +2.31 TSE ST China Top 216.65 -1.9' TSE ST China 217.87 -1.1 IOB Catalist 90.35 +1.3 iMSCI 260.95
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    • 58 6 VOLUME Golden Agri 766,844,000 China Honqxinq 650,485,000 Diqiland 536,381,000 Abterra 423,221,000 Yanqzijianq 370,713,000 Noble Grp 330,033,000 China Sports 328,216,000 Sino-Env 313,618,000 Chart SemiCond 307,845,000 JiutianC 291,271,000 VALUE(S) DBS Grp 638,306,882 Wilmar 562,678,466 Noble Grp 501,938,180 UOB 457,778,123 Capita Land 441,244,956 Sing Tel 420,189,053 OCBC Bk 381,100,197 Golden
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    • 120 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE UP iBXT FTChina25 10US$ 2396 290.2 9.0 iBXT S&P Short 10US$ 7112 208.1 2.0 LD 10US$ 9077 149.5 1.1 ICBC Bk4.5%NCPS 100 8700 120.0 1.4 ICBCCai :.93%Pref10 7170 120.0 1.7 'ilmar.ES.0905 447 74.0 19.8 ICBC Bk5.1%NCPS
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    • 101 6 CLOSE DOWN 1160 -94.0 -7.5 I A IIA 200 1164 -92.0 -7.3 ;iA.ES.O9O5 1168 -92.0 -7.3 Con i.ES.0905 624 -91.0 -12.7 iBS.ES.0905 1116 -84.0 -7.0 ES.0905 762 -78.0 -9.3 ;gx 701 -76.0 -9.8 775 -74.0 -8.7 iTXPO 100 1394 -74.0 -5.0 ;GX.ES.O9O5 700 -73.0 -9.4 BY PERCENTAGE CLOSE DOWN
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    • 83 6 May 15 CHNG CLOSE FRMayH YR2009 S$ LOW S$ HIGH USS 1.4671 0.13 1.5579 1.4308 Euro 1.9898 0.20 2.0732 1.9150 Pounds 2.2259 -0.46 2.2714 2.0356 1.1090 -0.79 1.1177 0.9453 'en* 1.5459 -0.35 1.7278 1.4831 Rupiah* 0.***** 0.37 0.***** 0.***** Baht* 4.2463 0.04 4.3390 4.1040 Peso* 3.0828
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  • COMPANY NEWS
    • 639 7  -  ARTHUR SIM IF ONE accepts that FJ Benjamin's latest financial numbers are a fair reflection of what is happening in the retail industry, then the time might be right for mall owners to cut rents, if only to ensure their own
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    • 247 7 ABALONE producer Oceanus Group announced over the weekend that it had successfully obtained funding of $73.5 million from private equity firms AIF Capital Asia 111 subsidiary Ocean Wonder International and Hupomone Capital Partners Singapore as well as strategic investors. The 9 per cent interest rate
      247 words
    • 87 7 'BT In the black 256 In the red 89 As of Friday, 345 SGX-listed companies had released their financial results for the first quarter ended March 2009. They recorded a combined 554,736.5 m in group profits. The breakdown is as follows No with profits 256 No with losses
      'BT  -  87 words
    • 283 7 About 80% of buyers for the 134 units sold to date are Singaporeans CAPITALAND has sold another 24 apartments over the weekend at The Wharf Residence at Tong Watt Road, off Mohamed Sultan Road, the listed property group said in a release
      283 words
    • 2998 9 COMPANY CURRENT PREVIOUS S$m CHANGE CURRENT PREVIOUS s$m CHANGE COMPANY CURRENT PREVIOUS S$m CHANGE CURRENT PREVIOUS s$m CHANGE COMPANY CURRENT PREVIOUS CURRENT PREVIOUS S$m CHANGE s$m CHANGE 1 Wllmar Intl 577.55 521.43 10.8 7536.38 *****4.59 -30.6 120 Elec Eltek 5.37 19.59 -72.6 126.73 223.26 -43.2
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  • Page 7 Advertisements

  • SINGAPORE MARKETS
    • 1416 8  -  TEH HOOI LING SMALL caps stocks continued to play catch up last week despite profit-taking on the blue chips. Three of our six portfolios chalked up rather significant gains while two were barely changed. One slid by 3.2 per cent. The biggest gainer is
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    • 1600 8  -  ROBERT HALILI INSIDE MARKETS By THE buying was flat while sales rebounded last week based on filings on the exchange in the second week of May. A total of 10 companies recorded 16 insider purchases worth $750,000. The figures were not
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  • SINGAPORE NEWS
    • 171 10 Estnart Hldgs E Orchid Country Club, Ruby Suite, Social Clubhouse Level II, 1 Orchid Club Road, Singapore *****2 18-May 3.00pm Nee Hur Hldgs E Quality Hotel Singapore, Grand Ballroom, 201 BalestierRoad, Singapore *****6 19-May 10.30am JOA A 19-21-1, Level 21, UOA Centre, No 19, Jalan Pinang, 504 Kuala
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    • 397 10 May 15 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5
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    • 672 10  -  LEE U-WEN Nanyang Business School head was shuttling between Spore and the US By IN THIS case, it wasn't all about the money. The new interim dean of the Nanyang Business School (NBS) has cleared the air on suggestions that former chief
      672 words
    • 428 10  -  CLARISSA TAN ARTS FESTIVAL By IF it's one thing acrobatic street theatre can give us that more modern forms of entertainment cannot, it's the building of an overarching myth based on the premise that we humans, however fragile and inconsequential, can still attempt to reach
      JOSEPH NAIR  -  428 words
    • 382 10  -  YEN SREENIVASAN 2 senior partners to head Skadden's Spore, HK practices By LEADING international law firm Skadden, Arps, Slate, Meagher Flom is boosting its Asian presence by appointing two senior partners to lead its Singapore and Hong Kong practices. The firm headquartered in New
      382 words
  • Page 10 Advertisements
    • 44 10 Lianhe Zaobao I Ranßigf^ changes a for tip |S S-chip firms ill I as their I share prices I fluctuate nj J^g CHARTING DIRECTIONS 3 WATS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. notices H
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 990 11 The smartest way to survive is to be patient and flexible and mould yourself to face any difficulties, says VENKATESH NAGANATHAN THE world economy is shrinking. Many companies are retrenching a distressingly high number of employees. At this point in time we need to take a
      990 words
    • 994 11 CAMPUS LIFE University using new media technology to reach out to potential applicants. MAYBEL CHONG reports FLIP through the newspapers recently and you might have noticed an unconventional series of advertisements placed by the Singapore Management University (SMU). The ads focused on the theme of
      994 words
    • 204 11 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 11 Advertisements
    • 46 11 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • VIEWS FROM THE TOP
    • 3694 12 Stock market rally bull or bear? THIS WEEK'S TOPIC: Is the stock market surge since March a bear market rally, or is it likely to be sustained? Stefanie Yuen Thio Head, Corporate TSMP Law Corporation THE cracks in the world economy started with the problems with collateralised debt obligations (CDOs).
      FILE PHOTO  -  3,694 words

  • Page 13 Advertisements
    • 2551 13 X^l \*J A. A-^^J A-/ l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Financial Report 2008 CC D Skandinaviska Enskilda Banken I Consolidated Balance Sheet at 31 December 2008 Consolidated Income Statement 2008 Head Office: KungStradg^rdsgatan 8, Stockholm, Sweden CHF million 2008 2007 CHF million 2008 2007 I Assets Continuing
      2,551 words

  • DINING OUT
    • 1513 14  -  Audrey Phoon Jaime Ec Ch&ah Ui-Hoon NEW MENU Raffles Grill The Raffles Hotel 1 Beach Road Tel: 6412-1816 ONCE again, the Raffles Hotel has scored in its choice of a young French chef to helm the august kitchen of the Raffles Grill. Burgun-dy-born Denis Grioson has taken
      1,513 words
  • Page 14 Advertisements
    • 265 14 \3jif Singapore Chinese Chamber Institute of Business BUSINESS g\ MANDARIN X J in FINANCE I 4jT- ym ACCOUNTING TERMS K^ BUSINESS iif < for BANKING PROFESSIONALS iMiIjHIBBM The following corporate training wtyfmlnfnrflllTFfwm programs are also available: HSKIMniifSHIIraMM RffßfffiWH Business Mandarin for the Legal profession BttlMpß2iii|MllMW|B9HPSHHi Business Mandarin for the IT
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    • 38 14 Australian Pure Beef Buy Direct from Western Australia Chilled, Aged Vacuum Packed 60 Day Chilled Shelf-life British Breeds at the Best Prices Wholesale Budget Prime Beef www.agricity.com.au CATS Recruit The first step on your ladder to success 8 <
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  • ECONOMY WATCH
    • 585 15 -AFP However, analysts are forecasting a long, bumpy journey to recovery [PARIS] Fresh and deep recession data is doing little to dampen "green shoots" talk that the global crisis is beginning to bottom out, although analysts are forecasting a long, bumpy journey
      -AFP  -  585 words
    • 528 15 -AFP [FLORIANOPOLIS, Brazil] A few recent glimmers of economic hope emerging in the United States do not mean the global crisis is over, a top economist who advises US President Barack Obama said last Saturday. The crisis "is certainly the worst
      -AFP; REUTERS  -  528 words
    • 569 15 Reuters [LONDON] Sri Lanka's apparent difficulty securing a US$l.9 billion IMF loan with its conduct in its civil war becoming a key sticking point is a rare glimpse into how geopolitical importance can influence multilateral aid. While fellow troubled emerging economies
      – Reuters  -  569 words
  • Page 15 Advertisements
    • 1149 15 X^l V^>/ X. X^^^-Lk3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg COMMERZBANK Sil*, i 1.1-31.12.2008 1.1-31.12.2007 Assets 31.12.2008 31.12.2007 in Euro m _in Euro^n_ in Euro m in Euro m Interest received" 21J372 ~2i",925" Cashreserve 6,566 5,157" Interest paid 16,643 17,918 Claims on banks 62,969 74,043 Net interest income 4,729 4,007
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  • MALAYSIA/INDONESIA
    • 592 16  -  PAULINE NG MALAYSIA INSIGHT BN should work to enable all concerned to move beyond the Perak crisis and to look forward IN the past month, Prime Minister Najib Razak has liberalised 27 services sub-sectors and further pried open the financial services sector. In short,
      592 words
    • 262 16 AP Suspension ends as they comply with safety standards [KUALA LUMPUR] Six Malaysian shrimp and fish exporters resumed trading with the European Union (EU) on Friday after complying with European safety standards that ended a one-year suspension of their business. The Health Ministry
      AP  -  262 words
    • 185 16 ■AP [JAKARTA, Indonesia] A species of birds able to fly immediately after hatching from eggs buried beneath the tropical sand has just been given its own private beach in eastern Indonesia, a conservation group said last Friday. Maleos chicken-sized birds with black hel-met-like foreheads
      ■AP; AP  -  185 words
    • 2115 16 lay 15 RM Cooo] \&M Realty 0.43 0.16 advance Synergy 0.15 \dventa Bhd 1.01 Multi Hldgs 0.10 Win Holdings 1.66 \hmad Zaki Resou ....0.70 Me Corp 0.45 Mrasia Bhd 1.12 \kn Technology 0.16 Alliance Financi 2.20 aluminium Co 0.91 Amalgamated Ind ....0.50 tomb Hldgs Bhd ....3.18 Vntel Holdings
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  • Page 16 Advertisements
    • 840 16 V*l7 -lrTs^rr>T^T*'ri To"free: 180°-289-8822 V IVIII L W Email: notices@sph.com.sg JL V^-/ JL JL^^ 1' kj www.cats.com.sg m. Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. |L Head Office Croeselaan 18,3521 CB Utrecht, The Netherlands Singapore Branch RdDODSnk 77 Robinson Road #09-00 Singapore *****6 EXECUTIVE BOARD AUDITOR'S REPORT Bert Heemskerk(H.), Chairman We have auc
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  • GREATER CHINA/INDIA
    • 609 17 -AFP CONGRESS VICTORY Economists see more policies to boost growth and ease poverty [NEW DELHI] The re-elec-tion of India's Congress party should provide five years of political stability to push vital reforms and growth that could help lift millions out of abject poverty, economists
      -AFP; AFP  -  609 words
    • 376 17 -AFP Concerns over the safety of such assets did not deter Beijing [WASHINGTON] China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety of dollar-linked assets. Mainland China's holding of Treasury
      -AFP  -  376 words
    • 440 17 Bloomberg [NEW DELHI] Rahul Gandhi, heir to India's leading political family, may join the government after Prime Minister Manmohan Singh lauded his role in the ruling Congress Party's biggest election victory in almost two decades. Mr Gandhi "should be in the cabinet, but
      – Bloomberg  -  440 words
  • Page 17 Advertisements
    • 1981 17 w [SATO r/^^ JL^I V->/ JL JL V^J JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg I INTHEMATTHIOF ll IN THE MATTER OF THE CO MPANIESACTCHWIER 50 THE COMPANIES ACT, CHAPTER 50 mtLUMI-ANItSAU.OMAI-ItHSU AND IN THE MATTER OF IN THE MATTER OF CHEMICAL TANKER SERVICE JCg^SL iJIJI Zr^Ul PWUHHU CompanyEßSo
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  • ASIA-PACIFIC/WORLD
    • 746 18 Reuters, AFP Civilians freed but LTTE says chief Prabhakaran, 2,000 fighters are still holding out [COLOMBO] The Tamil Tigers yesterday conceded defeat in Sri Lanka's 25-year civil war, after launching waves of suicide attacks to repel a final assault by troops
      Reuters,; AFP  -  746 words
    • 364 18 -AP.AFP [LONDON] Lloyds Banking Group chairman Victor Blank will step down from his post by June 2010, the British government-control-led banking giant said yesterday. Earlier, a British newspaper reported that Mr Blank, the chairman of Lloyds Banking Group PLC, would step down
      -AP.AFP  -  364 words
    • 303 18 Reuters [SYDNEY] Australia plans to build the world's largest solar power station with an output of 1,000 megawatts in a Asl.4 billion (551.54 billion) investment, Prime Minister Kevin Rudd said yesterday. The plant would have three times the generating capacity of the current
      Reuters  -  303 words
  • Page 18 Advertisements
    • 94 18 Propel your marketing M J fj message far and wide with the whirlwind of creative possibilities that 0 The Asia One Network offers. Tailored to meet m^ specific marketing objectives, our capabilities enable you to stand out with eye-catching campaigns encompassing travelogues, -^1 sponsorships, co-branded events, joint M a promotions
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  • WORLD
    • 183 19 AFP [LONDON] Ruth Padel became the first ever woman Professor of Poetry at Oxford University after beating an Indian poet in an election on Saturday which ended an often bitter contest. Padel, a distant relative of Charles Darwin, was elected with 297 votes
      AFP  -  183 words
    • 465 19 Reuters Smaller groups may emerge victorious in European elections in June: polls show [LONDON] Britain's main political parties are likely to cede ground to marginal groups at next month's European elections because of public anger over a farreaching expenses scandal, opinion polls
      – Reuters  -  465 words
    • 202 19 -AP [AMMAN, JORDAN] An Israeli entrepreneur who has started what is believed to be the world's first tui-tion-free online university said on Saturday that he hopes the effort will expand education to less fortunate people around the world. Shai Reshef said that University of the
      -AP  -  202 words
    • 280 19 Reuters [ZURICH] ÜBS, Switzerland's largest bank, said yesterday it has hiked the salaries of some investment bankers to guard against poaching by competitors. "There have been offcycle salary increases at ÜBS Investment Bank to retain employees in critical positions," ÜBS spokesman
      – Reuters; AP  -  280 words
  • Page 19 Advertisements
    • 2657 19 Consolidated Financial Statements For 2008 Deutsche Bank l^J (Incorporated in Germany) Consolidated Balance Sheet Consolidated Statement of Recognized Income in€m. [Notes] 31.12.2008 31.12.2007 and Expense Cas^and due from banks 9,826 8,632 in €m- ?55i iS2Z 2006_ Interest-earning deposits with banks 64,739 21,615 Net income (loss) recognized in the income Central
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  • AVIATION/SHIPPING
    • 716 20 -AP Hearings reveal poor pilot pay, work conditions in regional airlines [WASHINGTON] Revelations about pilot pay and working conditions at the regional airline involved in an air crash that killed 50 in upstate New York have raised broader concerns that long-term structural changes in
      -AP; AFP  -  716 words
    • 2579 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
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    • 333 20 Reuters [LONDON] Shipping groups are looking into providing vessels capable of transporting carbon dioxide to offshore disposal sites as part of the European Union's push to curb greenhouse gas emissions, ship industry officials say. Carbon capture and storage (CCS) could keep up
      – Reuters  -  333 words
    • 277 20 Bloomberg Rising Chinese demand for iron ore cited for the rise [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, advanced, extending its longest winning streak in three months amid record imports of iron ore into China. China, the
      Bloomberg  -  277 words
    • 236 20 Reuters [TARNOW, Poland] Poland said last Saturday that it will sell its state-owned Szczecin shipyard, one of the birthplaces of the Solidarity trade union which helped topple communism, to United International Trust. The sale is part of a plan agreed with the European
      Reuters  -  236 words
    • TRANSPORT STOCKS
      • 106 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.49 0.24 1.22 0.50 1.24 0.44 0.06
        106 words
      • 37 20 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 0.78 8.35 8.25 3.14 2.75 0.04 0.12 -0.01 182 0.05 1323 unch 398 -0.02 2331 0.07 32 unch 186 unch *****
        37 words
      • 13 20 '00 bj. 'recious Ship Regional Cont .17.10 ...9.10 0.20 ***** 0.20 1691
        13 words
      • 11 20 '000 Doil iingamas Cont .24.40 ...0.77 -0.25 1306 0.01 *****
        11 words
      • 24 20 '000 toy. >GSO Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 16.00 unch unch 0.10 unch unch unch 2493 3187 0 0
        24 words
      • 22 20 Evergreen Marine ....16.50 :irststeamship 45.70 /Van Hai Lines 15.85 t'ang Ming Marine ..12.10 0.15 1.60 0.05 0.10 21 10 3 29
        22 words
      • 41 20 '000 fen (awasaki Hvy Ind ..209.00 3.00 8462 (awasaki Kisen 393.00 25.00 8893 Mitsubishi Hvy 338.00 3.00 ***** Mitsui Eng&Sbldg ..218.00 4.00 4715 MitsuiOsk Lines ....615.00 16.00 ***** Mippon Express 385.00 7.00 4641 MipponYusen 425.00 9.00 7032 source: Thomson Reuters
        41 words
  • Page 20 Miscellaneous
    • 208 20 CRYPTIC CROSSWORD ACROSS 1 Not belonging to but devoted rj ij i v ~~HBs 17 18 yiti 111 i 28 Rap Kelvin and knock over (4) 29 C^Zlnl%T nter 11 N3tant S^r OlVln9 h6art massage (12) YESTERDAY'S SOLUTION DOWN 14 Musical piece of cutlery (6,4) 1 Cancel the Open (4)
      208 words

  • SINGAPORE STOCKS
    • 9126 21 Week ended: May 15 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E m_ 8 3 3148 STelecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 15 5.5 1938 AEI Corp 8.5 1 1100 AEM 23 7 2101 APOil 76.5 26.5 5550 ARA 8.5
      9,126 words
    • 1780 22 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 32 13 8538 t APStrategic 4 0.5 1501 s Advanced System 10.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 17.9 2 1524 t Alantac 19.5 3.5 7814 s
      1,780 words
    • 381 22 52-Wk Tel h Low Code Last Sale Vol C000) Week lh Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E Smil Hi. Coi Hi. 109 100 6389 ABF SG Bond ETF 982 427 CIMBAsean40 1OOUS$ 232 149 DBS STI ETF 100 2396 1682 DBXT FTChina25 1OUS$
      381 words
    • 249 22 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
      249 words
    • 106 22 i Land 3.110 +0.040 iMall 1.330 +0.020 :it' 7.750 +0.250 ■omfortDelGro 1.320 +0.020 Con 1.220 -0.020 iBS Gr| 11.200 +0.200 :SN 3.400 +0.150 ientini SP 0.725 -0.005 iolden At iri 0.380 -0.080 KLand 2.700 +0.030 JMH 22.040 -0.200 JSH 12.380 -0.260 Jardine CSC 15.720 +0.140 Con
      106 words
    • 94 22 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 112 0 0 0 5 112 lanufacturini 87 97 52 17 14 13 104 111 65 Commerce 39 30 14 47 38 17 >r/Cc ms 12 27 14 28 :inance 10 19 10 19 instruction
      94 words
    • 116 22 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 230,931 230,931 557,401 557,401 lanufacturint 4,939,440 368,584 5,308,024 2,157,757 13,759 2,171,516 Commerce 2,124,117 171,109 2,295,226 871,294 39,650 910,944 'pt/Stor/Comms 1,087,210 8,348 1,095,558 1,350,223 501 1,350,724 :inance 243,786 243,786 1,835,255 1,835,255 Construction 867,403 13,996 881,399 157,521 346 157,867 'ro| 925,403
      116 words
    • 2677 22 Transaction date: May 15 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway feia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing
      2,677 words
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    • 31 22 Insiders'trades. Brokers'recommendations. I T|JE Rl ICIMECC TllV/ICC Dividend table. The pages also cover transactions I I Fit DU3IIMC33 lIIVICD by directors and substantial shareholders. In other words, news you can use.
      31 words

  • FINANCE & COMMODITIES
    • 370 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Mai 15 World Index Preliminary 680.6 0.2 0.4 0.4 2.1 0.4 0.. EAFE Preliminai 656.1 0.9 1.1 1.2 2.3 1.2 0.7 Euroi Prelim inan 906.5
      370 words
    • 121 23 As at 9am May 15 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1020 1.1350 .an dollar 1.2430 1.2580 luro 1.9850 2.0080 IZ dollar 0.8610 0.8800 iterlini ind 2.2160 2.2420 JS dollar 1.4560 1.4720 .ocal dollars to 100 units if foreign
      121 words
    • 152 23 May 15 Xterniqht 1/16 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 0.08 IS$ Offer 1/32 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.45 0.80 0 90 1.40 2.00 2.10 Offer 0.25 0.35 0.60 0.70 1.00 1.60
      152 words
    • 11 23 May 15 STI IIMSCI Ma' 257.3 264.4 261.7
      11 words
    • 20 23 S$ Bid Offer 1-month 1.4657 1.4673 2-months 1.4657 1.4673 3-months 1.4655 1.4672 6-months 1.4653 1.4671 Source: OCBC
      20 words
    • 61 23 May 15 May 15 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position May 09 2830 lun 09 2787 lul 09 2720 Hug 09 2680 Total o/p: ***** contracts 2849 2849 2830 2731 2816 2724 2665 2753 2655 2612 2706 2605 Turnover: *****
      61 words
    • 295 23 May 15 URODOLLAR FUTURES unO9 iepO9 DecO9 VlariO 99.2500 99.2150 99.0400 98.9300 3978 2917 3043 3297 EUROYEN TIBOR FUTURES unO9 99.445 99.445 iepO9 99.490 99.510 DecO9 VlariO 99.495 99.505 un10 iep10 Dec10 \/lar11 99.445 99.490 99.495 99.445 99.515 99.520 99.490 99.455 99.375 99.330 99.245 230 80 30
      295 words
    • 187 23 May 15 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lunO9 ul 09 167.0 \ug 09 iep 09 DctO9 166.5 \lov09 166.5 167.0 165.0 165.0 168.0 167.0 166.5 166.5 166.5 166.5 40 40 60 36 36 821 598 740
      187 words
    • 86 23 May 15 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low 1-Month BQ*****E 13.08.09 -Year BY*****W 03.05.10 0.21 0.33 0.26 0.26 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year N*****0E 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year
      86 words
    • 99 23 May 15 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1130.50 1166.00 1156.25 1124.75 Aug 09 1085.00 1147.50 1106.00 1079.25 Sep 09 1023.25 1098.50 1046.00 1020.00 Nov09 975.75 1040.50 999.50 971.75 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 37.90 38.60 39.55 37.87 S.ug
      99 words
    • 75 23 CRUDE OIL PRODUCTS May 14 origin^ t/barrel Close Cham irent blend (1-Mth F) 57.30 -1.4! VTI (Near Mth) 58.49 0.4! iubai (1-Mth F) 56.14 -1.9: "apis blend 59.65 -2.2! i/linas 58.40 -2.2! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 50.32 S2.30 -0.8! -1.71 US$/barrel )pec Oil Basket Price
      75 words
    • 446 23 May 15 iuro 'en (on 'eso lam 'ouni Australia 0.886 5.163 0.557 5.862 37.509 78.736 0.720 9.505 2.683 1.282 61.079 35.995 1.109 6.461 0.837 24.901 26.117 0.496 0.756 Canada 1.128 5.825 0.628 6.614 42.318 88.830 0.813 10.724 3.027 1.447 68.909 40.609 1.251 7.289 0.945 28.093 29.465 0.560
      446 words
    • 68 23 May 15 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • 161 23 May 15 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: 0.7561 0.7566 Australian dollar 1.1083 1.1102 Canadian dollar 1.2505 1.2524 0.8531 0.8535 iuro 1.9914 1.9939 1.3586 1.3589 IZ dollar 0.8642 0.8660 0.5896 0.5902 Sterlinc md 2.2330 2.2360 1.5234 1.5239 IS dollar 1.4658 1.4673
      161 words
    • 133 23 May 15 /oz) !ay_ \ay_ Hong Kong .ondon 921.30 922.80 922.30 923.80 May 15 May 14 932.70 926.10 933.70 927.10 Source: Thomson Reuters CAST BAR (S$) May 15 Buying Sellini Kilobar "46,695.87" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinphar™
      133 words
    • 61 23 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1487.00 months 1522.00 1495.50 1532.00 Copper, Grade A (US$/tonne) :ash months 4447.00 4450.00 4441.00 4445.00 .ead (US$/tonne) :ash months 1474.00 1482.00 1429.00 1435.00 lickel (US$/tonne) :ash months *****.00 *****.50 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • 75 23 May 15 (£/tonne) Close Prev Hii ih/Low ul 09 1608 1590 1615/1590 iepO9 1618 1602 1624/1602 Dec 09 1629 1613 1634/1615 War 10 1636 1621 1643/1633 IOFFEE (US$/tonne) Close Pev High/Low Way 09 1487 1481 1487/1476 ul 09 1510 1505 1512/1495 iepO9 1520 1513 1522/1506 SUGAR (US tonne) White
      75 words
    • 2562 23 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >036 Advance SCT Ltd W*****9 0.5 1 87 2400 7.00 15 5092 Asia Environment W*****4 5 1 38 139 3.60 3 1481 #Asia Water Tech Ltd W*****0 18.5 1
      2,562 words

  • Page 24 Advertisements
    • 3072 24 m The Business Times Shipping Times M M^t V^V fcl WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M M £^7^l W K"«,E ■aßwOTo'f^iinßfw %Tx. %m\ iai am uai i iurr TEL:*****588 (14lines) fax:6224H63 1 Illi^^^^B HnßSßßnWffSwilliM HP^MWwBwBW^^S V\^^l I WAN HAI INtj ™IEL:(O3) *****888 FAX: (03) *****288 PEN TEL: (04)*****00 FAX:
      3,072 words

  • Page 25 Advertisements
    • 3009 25 FSWBEH9I^^^^^HI lH E eastern car liner, ltd Iffi SCgaS^ I ft— I specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I ["'"^"^^^FTSphTsEWICE ><>^^^^'>^^ ITScO^^ V33 Y ~E2!!^ M]- L'"y' T -jj^T »L.<-0 ttCEPHHIi. OIIKHIER!- I) <[[ lI..RIHERII AND WEMERII INDIAN ICD HUMS I VESSEL VOY SIN
      3,009 words

  • BizIT
    • 746 26 Chipmaker transfers reins of control from the US and eyes more sales from Asia, reports ONG BOON KIAT GUNNING for more growth from this region while priming itself for the anticipated quicker bounce-back of Asia from the global downturn, computer chipmaker Advanced Micro Devices (AMD)
      746 words
    • 388 26  -  WINSTON CHAI By DATA hosting firm 1-Net is investing US$2O million to expand its local operations at a time when most technology companies are reining in their capital outlay to cope with the economic crunch. The company will use this war
      388 words
    • <what's new>
      • 120 26 TOSHIBA has added to its mini notebook family with the NB2OO, which features a 10.1-inch display and weighs I.2kg with a three-cell battery. Powered by the I.66GHz Intel Atom processor and running on Windows XP, it comes with IGB RAM (upgradeable to 2GB), 160GB hard
        120 words
      • 115 26 STORAGE vendor Seagate has launched the FreeAgent Theatre HD Media Player, a remote-controlla-ble media player which docks with the the company's Free Agent Go series of external hard drives to bring multimedia content from the PC to TV screen. Simply pop in the
        115 words
      • 65 26 US-BASED Aruba Networks has launched its new Virtual Branch Network (VBN) solution, which includes new software for the company's data centre controllers, as well as three families of wired and wireless networking products that connect remote users to their offices. The new hardware offering starts
        65 words
      • 116 26 FINNISH phone giant Nokia is set to beef up its busi-ness-centric smart phone range with the E52 available in the second half of the year. The handset can be integrated with corporate telephone systems so users no longer need to be tied to their
        116 words
      • 101 26  -  ONG BOON KIAT INFOCUS has taken the wraps off the IN3IOB, the latest addition to its premium line of projectors designed for corporate meeting rooms. A sharp looker with its glossy housing, the IN3IOB also packs a raft of features to woo business users. For
        101 words
    • 326 26 -AP [SHANGHAI] Microsoft Corp announced a partnership aimed at helping make the eastern Chinese city of Hangzhou a model for innovation and protection of intellectual property, in the company's latest attempt to combat rampant software piracy. A three-year agreement signed last Friday calls for
      -AP  -  326 words
    • 667 27  -  AMIT ROY CHOUDHURY The new strategy in Singapore and AsiaPacific will involve channel partners By BUSINESS communications applications provider Avaya has unveiled a number of initiatives aimed at growing its services business in Asia-Pacific. Speaking to BizlT, Avaya's Chris Cheng said the initiatives would
      667 words
    • 323 27 -AP [LOS ANGELES] There's nothing all that charming about Nintendo's latest gadget. It's not as zany as a zapper or as sexy as a steering wheel. It doesn't even tell you whether you're losing weight. However, the gamemaker is hoping a small
      -AP  -  323 words
    • <what's up>
      • 101 27 IBM has launched 'The IBM Business Reality Challenge", a contest aimed at small and medium-sized businesses (SMBs) from across the Asean region. One SMB per country will walk away with IBM IT products and solutions worth US$3O,OOO. To take part, SMBs only need to describe,
        101 words
      • 48 27 OPEN source software vendor Red Hat has appointed IT industry veteran Patrick Lim as its Asean general manager, responsible for sales and business management in the region. Mr Lim, previously of IBM, Hitachi Data Systems and EMC Corp, replaced Teong Eng Guan.
        48 words
      • 91 27  -  ONG BOON KIAT SINGAPORE Technologies Electronics (ST Electronics), part of Singapore Technologies Engineering, has clinched contracts totalling $12 million in Bangladesh. They were awarded by the Chittagong Port Authority (CPA) to, among other work, supply, install, test and commission a Container Terminal Management System
        91 words
    • 799 27  - Cutting pain, cost from travel entertainment JEREMY FINDLEY &lt;you say&gt; By IT'S no secret that today's economic environment is forcing organisations of all sizes to take a hard look at their budgets. Finding ways to cut costs and streamline operations is a priority and it often means that organisations need
      799 words
    • ROUNDTABLE
      • 2592 28 SINGAPORE'S iN2015 (Intelligent Nation 2015) masterplan aims to connect businesses, communities and individuals across diverse businesses and geographies by enabling them to harness resources and capabilities through technology. The ultra high-speed Next Generation National Broadband Network (Next Gen NBN), which will begin roll
        2,592 words
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  • Page 26 Miscellaneous