The Business Times, 19 May 2009

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Microfilm: NL30016
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Ss\ A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Tuesday, May 19,2009
    23 words
  • Article, Illustration
    Lock icon Polls launch Indian stocks into orbit
    824 1 96■ AP, AFP, Bloomberg Sensex jumps 17% in a day on promise of reforms; rupee climbs, return of overseas investors [MUMBAI] Freed from the deadweight of political uncertainty, India's stock market took wing yesterday and soared more than 17 per cent before a trading
    96■ AP, AFP,; Bloomberg; AFP  -  824 words
  • Article
    Lock icon Jobs Credit scheme flowing through to bottom lines
    559 1  -  TEH SHI NING Firms acknowledge impact but other factors play a bigger role in cutting costs By [SINGAPORE] The first disbursements under the Jobs Credit scheme have made their mark on the earnings of listed companies for the quarter ended March. But
    559 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      70 1 m^W JENNIE CHUA COMPANIES Y~\ SMEINC S'POREARTS j W Appointed chairman of Spore Jurong Shipyard sued Changing of the FESTIVAL V Int'l Chamber of Commerce over USs4s4m rig deal guard at E5O Club Hip-hop makes its move JH^ PAGE 4 PAGE 5 w. I J PAGE 11 Ito the Stage
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  • TOP STORIES
    • Article
      Lock icon Tackling economic crisis is top priority: Nathan
      607 2  -  CHUANG PECK MING But Spore must take steps to sharpen competitive edge, tighten cohesion By [SINGAPORE] Singapore's immediate priority is to get through the economic crisis by helping companies stay viable so they can hire workers, President S R Nathan said last night.
      607 words
    • Article, Illustration
      Lock icon Exports decline 19% in April for 12th monthly fall
      580 2  -  CHUANG PECK MING By [SINGAPORE] Just when the worst seemed to be over on the trade front, the latest figures released yesterday by International Enterprise Singapore show the fall in exports may yet to have bottomed. Key non-oil domestic exports (NODX)
      IE Singapore  -  580 words
    • Article, Illustration
      Lock icon Interest absorption greasing market – selectively
      948 2  - Interest absorption greasing market selectively KALPANA RASHIWALA By [SINGAPORE] Is the interest absorption scheme (lAS) helping to grease home sales? The answer seems to be yes, if there is no price premium charged by developers for the lAS. However, if developers charge more in exchange for interest absorption, then the
      948 words
    • Article
      Lock icon State-of-the-(fine)-art facility in Changi
      530 2  -  CHEAH UI-HOON Christie's offers storage here for antiques, fine art and collectibles By [SINGAPORE] Even when times are bad, the wealthy will need a place to store their fine art, antiques and collectibles especially at a new state-of-the-art facility. Tapping this need, international art business Christie's
      530 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Polls shoot Indian stocks into orbit
        59 2 FREED from the deadweight of political uncertainty, India's stock market took wing yesterday and soared more than 17 per cent before a trading halt kicked in. The rupee jumped the most in two decades and bonds rose after a convincing victory for the Congress
        59 words
      • Article
        Lock icon Jobs Credit scheme flowing through to bottom lines
        58 2 THE first disbursements under the Jobs Credit scheme have made their mark on the earnings of listed companies for the quarter ended March. But analysts say the scheme's overall impact on the bottom line, while welcome, has been modest compared to that
        58 words
      • Article
        Lock icon Exports decline 19% in April for 12th monthly fall
        70 2 JUST when the worst seemed to be over on the trade front, the latest figures released yesterday by International Enterprise Singapore show the fall in exports may yet to have bottomed. Key non-oil domestic exports plunged 19 per cent year-on-year last
        70 words
      • Article
        Lock icon Jennie Chua is SICC's first chairwoman
        70 2 THE oldest chamber of commerce in Asia celebrated its 172 nd birthday yesterday with a new chapter in its history a woman was appointed as its chairman for the very first time. The Singapore International Chamber of Commerce unveiled hotelier Jennie Chua, 64, as
        70 words
      • Article
        Lock icon PetroRig I sues SembMarine unit for breach of contract
        52 2 SEMBCORP Marine's US$454 million semi-submersible rig deal with Petromena subsidiary Petroßig 1 Pte Ltd, which it terminated last month due to a payment default, has turned nasty as Petroßig I has reportedly sued the rigbuilder for breach of contract. COMPANY NEWS,
        52 words
      • Article
        Lock icon BreadTalk expanding despite downturn
        62 2 THE economic downturn has barely slowed down Bread Talk's expansion plans. The group is still charging ahead with its target of opening the I,oooth bakery in the region albeit shifting the deadline for this from 2011 to 2012. Of these new stores, 550 will be in
        62 words
      • Article
        Lock icon Power demand goes up: A sign of better times?
        76 2 ELECTRICITY demand in Singapore has clearly risen over the past one and a half months from April to mid-May but it's still too early to say if this is due to an economic uptick, says Dave Carlson, Electricity Market Company's CEO.
        76 words
      • Article
        Lock icon Asia-Pac market for factory space falls
        77 2 INDUSTRIAL property markets in the Asia-Pacific region deteriorated from October 2008 to March 2009 as the global financial crisis rolled on, Colliers International said in a report yesterday. And more declines are expected. Except for Jakarta and Shanghai where rents, land and capital values
        77 words
    • Article, Illustration
      Lock icon Team Temasek needs to start scoring
      857 4  -  WONG WEI KONG COMMENTARY Sound strategy not enough if players don't adapt to shifts in the game SO TEMASEK Holdings will now line up to a new strategy to play the investment game. But that, in itself, should not be taken as a guarantee
      857 words
    • Article, Illustration
      Lock icon Jennie Chua is SICC's first chairwoman
      572 4  -  LEE U-WEN Her appointment comes as chamber celebrates 172 nd birthday By [SINGAPORE] The oldest chamber of commerce in Asia celebrated its 172 nd birthday yesterday with a new chapter in its history a woman was appointed as its chairman for the very first
      1 FILE PHOTO  -  572 words
    • Article
      Lock icon Sri Lanka declares war over; Tamil Tiger leader killed
      296 4 -AFP [COLOMBO] The Sri Lankan government yesterday declared an end to its decades-old conflict with the Tamil Tigers, after routing the remnants of the rebel army and killing its leader Velupillai Prabhakaran. The army said its commandos overran the last sliver
      -AFP  -  296 words
    • Article
      Lock icon 90% of Cathay pilots agree to unpaid leave
      410 4 AFP, Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong's biggest carrier, said about 90 per cent of its pilots signed up for unpaid leave, completing a companywide drive to reduce staff costs amid slumping travel demand. The pilots accepted the offer
      AFP,; Bloomberg  -  410 words
    • MARKETS DIGEST
      • Article
        Lock icon MARKETS
        47 4 lorn lay lange 1COMP 1,012.01 -2.20 IIKKEI225 9,038.69 -226.33 IANG SENG 17,022.91 +232.21 ;et index 540.22 +6.30 JAKARTA COM P 1,803.56 +52.65 IANILACOMP 2,279.37 -29.33 ;eoulcomp 1,386.68 -5.05 ;henzhen b 404.55 +3.16 IUMBAI IND 14,284.21+2,110.79 12 noon EDT Change )OW 8,418.54 +149.90 IAS DAI 1,704.17 +24.03
        47 words
      • Article
        Lock icon PRIME RATES
        28 4 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 Source:
        Bloomberg  -  28 words
      • Article
        Lock icon FOREX
        42 4 IS$ (S$ per US$) 1.470 (US$/S$ per 1.519 2.233 ;URO (US$/S$/E) 1.346 1.979 Foreign currency per US$ S$ 'EN 95.40 64.90 3.560 2.421 IK$ 7.752 5.273 !AHT 34.56 23.50 lUPIAH 10,418 7,086 lENMINBI 6.826 4.643 INDIAN RUPEE 47.99 32.64 1.328 0.903
        42 words
    • Article
      Lock icon Accounting loophole that led to lending boom to go
      587 4 LAT-WP [WASHINGTON] The end is nearing for an accounting trick destined to be remembered as a hallmark of the housing boom, because it allowed financial firms to conceal a vast expansion in their lending from regulators and investors. Under this strategy,
      LAT-WP  -  587 words
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      64 3 Isn't it interesting how seductive solidity is in times Private Banking 111 I I I I Independent Asset Managers SCustody II IX Tl^ O Asset Management |f\ B Investment Funds 111 Li I I K^ K^ K^ Pictet Cie Private Bankers since 1805 Singapore: +65 6536 1805 Hong Kong:+Bs2 3191
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  • COMPANY NEWS
    • Article
      Lock icon PetroRig I sues SembMarine unit for breach
      644 5  -  VINCENT WEE Firm says Jurong Shipyard's termination of contract improper By\ SEMBCORP Marine's US$454 million semi-sub-mersible rig deal with Petromena subsidiary Petroßig I Pte Ltd, which it terminated last month due to a payment default, has turned nasty as Petroßig I has reportedly
      644 words
    • Article
      Lock icon OKP Holdings subsidiary wins deal worth $3.4m from URA
      315 5  -  MICHELLE YEO By OKP Holdings, an infrastructure and civil engineering company, has landed its first contract from the Urban Redevelopment Authority (URA). The $3.4 million deal was awarded to OKP's wholly owned subsidiary, Eng Lam Contractors, for environmental improvement works. Works
      315 words
    • Article
      Lock icon Gloucester Coal jumps on Noble's raised bid
      279 5 Bloomberg New offer is As 7 a share in cash [MELBOURNE] Gloucester Coal Ltd jumped to a sev-en-month high in Sydney trading after agreeing to a sweetened takeover offer from Noble Group Ltd, which values the Australian mining company at A 5572 miUion
      Bloomberg  -  279 words
    • Article, Illustration
      Lock icon S'pore equity funds catching attention
      572 5  -  JAMIE LEE Funds draw USssom largest amount since May 2008 By SINGAPORE equity funds finally got some love. The laggard in Asia pulled in about US$5O million last week the largest amount since May 2008 a Citi report noted yesterday. But Singapore funds are the
      I YEN MENG JIIN  -  572 words
    • Article, Illustration
      Lock icon BreadTalk expanding despite downturn
      677 7  -  JOANNE TANG Its 1000 th bakery to be opened by 2012; growth in China and ME remains priority By THE economic downturn has barely slowed down Bread Talk's expansion plans. The group is still charging ahead with its target of opening the 1000 th bakery in
      I w FILE PHOTO  -  677 words
    • COMPANY BRIEFS
      • Article
        Lock icon APB goes for full control of APB Pearl
        115 7 ASIA Pacific Breweries (APB) has entered into an agreement to acquire a 33 per cent stake in Asia Pacific Breweries Pearl Private Ltd (APB Pearl). It will buy the stake from Jaipuria Beverages Food Industries for an aggregate consideration of 134.65 million
        115 words
      • Article
        Lock icon ST Aero buys whole of Precision Products
        75 7 SINGAPORE Technologies Engineering said its aerospace arm, Singapore Technologies Aerospace, has acquired all the shares of Precision Products Singapore Pte Ltd (PPS) from Nippon Precision Casting Corp, Renaissance Capital Management and Singapore Technologies Industrial Corporation. "The acquisition was for a cash consideration of
        75 words
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      Lock icon Page 5 Advertisements Column 1
      104 5 I I ImEESUUmEmh hMHPiIri IpHRpHKHS M^^ j^^ .v:.■•::::<>/>.■:•'' I I h servcorp :::=;s^""3 www.servcorp.com.sg I Everything But The Overheads^ I From $99* per month! &o m S r'2i eo pn othflexibility St Prestigious address for your business cards and letterhead M Access to over 300 boardrooms and meeting rooms, locally
      104 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Indian bull rush shores up markets
      599 6  -  YEN SREENIVASAN STOCKS STI closes with a net 37.20-point gain, boosted significantly by Sing Tel, which has a strong presence in the country REGIONAL markets reversed early losses to power their way northwards, inspired by the bull run in Mumbai, which came on the
      Bloomberg  -  599 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 113 0 0 0 2 113 lanufacturing 26 99 54 11 28 106 65 Commerce 12 31 21 13 36 26 'pt/Stor/Comms 25 26 :inance 10 15 10 15 Construction 15 16 'roperties 12 24
      93 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      114 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 28,809 28,809 78,755 78,755 lanufacturing 597,843 43,534 641,377 264,231 2,359 266,590 lommerce 203,014 30,142 233,156 83,012 6,701 89,713 'pt/Stor/Comms 228,543 204 228,747 323,267 323,276 :i nance 50,741 50,741 384,545 384,545 lonstruction 68,472 10,357 78,829 12,265 137 12,402 'roperties 150,418
      114 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 6 lapitaLand 3.110 lapitaMall 1.300 -0.030 jtyDev 7.780 +0.030 lomfortDelGrc 1.340 +0.020 losco Corp 1.100 -0.120 IBS Grp 11.700 +0.500 :&N 3.450 +0.050 ienting SP 0.710 -0.015 iolden Agri 0.370 -0.010 IK Land 2.630 -0.070 IMH 22.300 +0.260 ISH 12.540 +0.160 lardineC&C 15.940 +0.220 Ceppel Corp 6.260
      104 words
    • Article
      Lock icon BROKERS' TAKE
      313 6  -  JOYCE HOOI Hotel Grand Central May 18 close: $0.53 OCBC INVESTMENT RESEARCH, May 18 HOTEL Grand Central posted a 30 per cent y-o-y decline in Ql 2009 revenue to $24 million, and with only a 21 per cent drop in expenses to $18.5 million. Operating profit plunged 49
      313 words
    • Article, Illustration
      Lock icon Adopt a more defensive strategy
      279 6  -  KEN TAI CHART POINT AFTER soaring more than 50 per cent from its March low, buoyed by high hopes of a V-shaped economic recovery, the Straits Times Index finally lost steam last week and surrendered almost 100 points of its recent gains. The pervasive optimism
      : Bloomberg  -  279 words
    • Article, Illustration
      Lock icon US dollar, yen down on better sentiment
      524 6 Reuters CURRENCIES [NEW YORK] The US dollar and yen weakened yesterday as improving risk appetite following the rise in equities and oil prices reduced demand for these safe-haven currencies. The rise in stocks, particularly US equities, and strengthening crude oil prices fuelled the
      ■ Reuters; BLOOMBERG  -  524 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 6 May 18 VALUE CLOSE IT OB/OS 767.00-493.0C IT CADI -*****.00-215.0i IT 10-day MA -*****.00+77.01 TSE ST Mid Cap 453.28 -4.8! TSE ST Small Cap 389.70 -12.1 TSE ST All Share 522.96 +4.6 TSE ST China Top 213.50 -3.1 TSE ST China 213.40 -4.4' IOB Catalist 89.48 -0.8
      57 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Golden Aqri 251,189,000 Abterra 105,976,000 China Honqxinq 85,475,000 Cosco Corp 74,616,000 AusGroup 56,910,000 Yanqzijianq 56,694,000 JiutianC 51,325,000 Gentinq SP 50,286,000 Celestial 49,315,000 ChinaSports 48,484,000 VALUE(S) SingTel 135,742,633 DBS Grp 128,464,245 UOB 94,292,820 OCBC Bk 92,433,770 Golden Aqri 91,240,570 CapitaLand 84,876,624 Cosco Corp 82,699,870 SGX 63,527,800 Keppel
      55 words
    • Article
      Lock icon RISES
      110 6 CLOSE UP iBXTNift' 10US$ *****504.8 13.5 MS India 10US$ 1161 277.7 19.. India Nift' 10 1347 249.0 22.' bartered 100 168 149.0 784., iBXTS&P Short 10US$ 7212 147.0 1, IS MSCI India 100 525 124.9 19.: LD 10US$ 9124 69.1 0. iBS Gr| 1170 50.0 4. IMH 2230 38.2
      110 words
    • Article
      Lock icon FALLS
      116 6 CLOSE DOWN 980 -48.0 -4.7 lUE ;txpo ioo 1350 -44.0 -3.2 Venture Cor| 638 -25.0 -3.! fxor Nasdai |100 10US 547 -20.6 -2.! Ro' 250 -20.0 -7.. ICBCCai 5.1%NCPS 100 8952 -20.0 -o.; iCBCCai :.93%Pref10 7150 -20.0 -o.: Teative Tech 393 -19.0 -4.6 ;GX DB eCW*****7 46.5 -18.0 -27.9
      116 words
    • Article
      Lock icon CURRENCIES
      83 6 iere« S$ stands May 18 CHNG CLOSE FRMay15 YR2009 S$ LOW S$ HIGH ISS 1.4684 -0.09 1.5579 1.4308 iuro 1.9773 0.63 2.0732 1.9150 'ounds 2.2395 -0.61 2.2714 2.0356 1.1098 -0.08 1.1177 0.9453 ren* 1.5344 0.75 1.7278 1.4831 lupiah* 0.***** -0.09 0.***** 0.***** !aht* 4.2488 -0.06 4.3390 4.1040 'eso* 3.0920
      83 words
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      55 6 ■^■■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
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      41 7 3 C J v 2bFINDTHEONEs\^-f nTUTHATFIT! h C _^_J Recruit the right people i C^ through CATS Recruit. f=*4" 3 Call 1800 289 8822 or email J T i recruit@sph.com.sg \^-v to advertise. hrL^ be T^ RECRUIT /""vJ 1 s-^J I
      41 words
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      Lock icon Page 7 Advertisements Column 2
      92 7 i Fantasy Waterbeds Pte Ltd c~*^j&\ N Where Sleep Matters. f jiJU^y We 'Uknock you out :=r^*sAi) without the pills! We've mastered the science of sleep without counting sheep, drinking milk or popping harmful pills to give you complete holistic sleep and all the benefits that come with it. Waterbeds
      92 words
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      203 7 450 unique hotels to iuliill your quests ibave 30% or more now Whatever your quest, The Leading Hotels of the World offers more than 450 hotels and resorts to fulfill it. Right now, save 30% or more at participating Leading Hotels throughout the world's most inspired destinations including: The Datai,
      203 words
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      1286 8 M ARAB RANK GROUP W Balance sheet as at 31 December 2008 and 2007 Income statement for the years ended 31 December 2008 and 2007 USD ('000) I USD ('000) ASSCtS 2008 20^7 ReVenUC 2008 2007 Cash and balances with central banks 7 842 134 4 437 595 Interest income
      1,286 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Power demand goes up: A sign of better times?
      445 9  -  RONNIE LIM EMC chief says it's too early to say if the rise is due to an economic uptick By ELECTRICITY demand in Singapore has clearly risen over the past one and a half months from April to mid-May but it's
      445 words
    • Article, Illustration
      Lock icon SAP sees better H2 in Asia-Pac as Asian economy bottoms out
      284 9 Reuters [SINGAPORE] SAP AG, the world's largest maker of business software, expects its Asia-Pacific order volume to improve as Asian economies are bottoming out from a severe downturn, its regional head said yesterday. Geraldine Mcßride, president of SAP Asia-Pacific
      – Reuters; _J AFP  -  284 words
    • Article
      Lock icon Greater appreciation for cash managers
      410 9  -  SIOW LI SEN By sure they have cash management solutions with banks they can rely on for the services they need," Mr Laurens told BT. HSBC, which has weathered the financial crisis better than most and did not accept any government bailout, has seen its
      410 words
    • Article, Illustration
      Lock icon Basking in the glory of a long innings
      762 9  -  CHEN HUIFEN By EVEN though he was trained as a veterinarian, outgoing Agri-food and Veterinary Authority (AVA) chief executive Chua Sin Bin has no regrets about not choosing the clinical path that many of his peers did. On the contrary, he appreciates
      THE STRAITS TIMES FILE PHOTO  -  762 words
    • Article, Illustration
      Lock icon Foreign law firms beef up S'pore ops
      625 10  -  SIOW LI SEN Move comes as firms restructure and evaluate suspended deals By SOME foreign law firms here even as they downsize back home are beefing up their Singapore operations as companies focus on restructuring or re-look at suspended deals. Foreign law firms
      625 words
    • Article
      Lock icon $88 to see the Reds in S'pore
      314 10  -  WINSTON CHAI By LIVERPOOL fans who have never experienced the rapturous atmosphere of the famous "Kop end" will get a uniquely Singapore taste of the experience when the Reds take on the national team on July 26. This is because organisers have carved
      314 words
    • Article, Illustration
      Lock icon Just a click away from success
      722 10  -  VICTOR KATHEYAS By\ EVEN as a young child, Leonard Tan's entrepreneurial streak was clearly evident. While other children were content playing with country erasers (players take turns to flick erasers usually printed with a country's flag), Mr Tan took it a step further. Instead
      SPRING SINGAPORE  -  722 words
    • Article
      Lock icon Firms may bump up travel spend: survey
      339 10  -  NISHA RAMCHANDANI By COMPANIES are still planning to maintain or even increase travel spending to net new business opportunities and build relationships with existing clients, a survey reveals, which suggests all is not lost for the airline and hospitality industries. According to a
      339 words
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      342 9 I [^■MTheCity 950,000 international LJI'M University alumni including PRr^Hof 12 Nobel Laureates /"VWfl I Kfl Finance Public Talk Corporate Restructuring:^B Mergers Acquisitions Jpl^ Professor Viktoria Dalko (Harvard Business Instructor} J^B PhD Economics, University of Pennsylvania Lpr j Professor Viktoria Dalko has served as Chief of Staff of the Committee of
      342 words
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      24 10 fcV©#L^ Lianhe Zaobao I Him*"* 1*"••"■ Over 200 car f£ workshops £gl I in Eunos to the new 111 Autobase rII @Kaki bukit 1
      24 words
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      183 10 Starting today, we will be publishing daily features y<~ of the finalists of the Emerging Enterprise 2009 EtTlßrging (EEO9) award. Jointly presented by The Business m EiTt&rPTISG times and OCBC Bank, the EEO9 recognises young J^ SMEs with annual sales of less than $10 million. m It is supported by
      183 words
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  • SME Inc
    • Article, Illustration
      Lock icon Lifting the front wave
      903 11 Sam Goi is hopeful that the new ones will do better in harnessing group support, reports CHEN HUIFEN WITH so many business groups and associations in Singapore, it's easy to dismiss the E5O Club as just another platform where businessmen meet to play golf or clink
      JOSEPH NAIR  -  903 words
    • Article
      Lock icon Leveraging on leaders before him
      665 11  -  CHEN HUIFEN By HE may be the new president of the entrepreneurs' group E5O Club, but Andy Lim could just as easily have been a senior civil servant. He topped his cohort at the Anglo-Chinese School, clinched a prestigious government scholarship and took a first
      665 words
    • Article, Illustration
      Lock icon Nominations invited for E5O Awards
      331 11 FORMED in 1999, the ESO Club is open to present and past winners of the annual Enterprise 50 Awards organised by The Business Times and KPMG in Singapore. The club's members include some of the most entrepreneurial privately held companies here, many of them founded
      331 words
    • Article, Illustration
      Lock icon Polytechnic lab saves logistics firms money
      438 12  -  NISHA RAMCHANDANI By FOR companies both big and small, cutting costs is ranking high on the list of priorities right now. An initiative by Republic Polytechnic (RP) aims to help local logistics companies both trim the fat as well as improve operational efficiencies. In
      438 words
    • Article, Illustration
      Lock icon Inspiring a taste for cooking
      799 12 At-Sunrice Academy is riding on the demand for skills retraining, reports MICHELLE YEO JUST as many other firms are undergoing recession woes, a cooking school is riding on the demand for skills retraining. Specialising in Old and New World, Eastern and Western cuisines, herbs and
      I ARTHUR LEE  -  799 words
    • Article, Illustration
      Lock icon Continue business through resilience
      792 13  -  HO WAH LEE CHRISTINE EVANS COMMENTARY BCM requires that preparedness for any crisis be regularly reviewed and that it be able to adapt to changing circumstances By and SURPRISES can make life interesting. But in the business world they can prove deadly, as they give no
      j AFP  -  792 words
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      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
      99 words
  • Page 11 Miscellaneous
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      1558 12 A MATS f3L^ kT/^TPT/^rr JL^I \±J JL J_V^JLjk3 Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50} Clariden Leu Clanden Leu Ltd. ,n™ e 2!at™op l\ EXCEED TOKIO PTE. LTD. EIMAMfIAI DCDSIDTinnO (INCREDITORS-VOLUNTARY FINANCIAL REPORT 2008 liquidation) (REGISTRATION NO.*****7688W) Important: The following notice contains
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      115 13 BMBUSINESS liiMttSKMi^^ REALITY. The toughest business challenge wins A Tell us your business problem involving IT. mmß^^^^^ wj| infrastructure or processes, and stand a chance to B| k win a solution worth US$3O,OOO for FREE*. Log on to: www.ibm.com/sg/smarterbusinesses m sw> t0 enter t h e |BIVI Business Reality Challenge
      115 words
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  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Hip-hop makes its move to the stage
      623 14  -  CHEAH UI-HOON The street dance that began in the US has caught on around the world. By HIP-HOP is better acquainted with the streets than with the stage, being the kind of individualistic, showy dance genre that emerged some 30 years ago. But
      623 words
    • Article, Illustration
      Lock icon Drawn into a tangled web of your own making
      601 14  -  AMANDA DE GUZMAN Etiquette offers an adventure that is by turns strange, wonderful and overwhelming By ETIQUETTE, an ingenious work of art by avant-garde UK outfit Rotozaza, may be the most personal theatre experience you will ever have. There are several
      601 words
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      1308 14 JL^I V-^ JL JLx^ JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg I I I IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. SO THE COMPANIES ACT, CHAPTER 50 THE
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Moody's cuts Japan foreign currency debt rating
      681 15  -  ANTHONY ROWLEY Stocks halt steep slide; govt bonds, yen rally sharply on yen-debt upgrade Byi in Tokyo A TREMOR that ran through Tokyo financial markets earlier yesterday on rumours that Moody's was about to downgrade Japan's sovereign debt turned quickly into a relief
      AFP  -  681 words
    • Article
      Lock icon EU and emerging markets credit constraint doubles: survey
      348 15 Bloomberg [PRAGUE] Credit constraints on service-sector companies in the largest European Union and emerging economies doubled from a year earlier, signalling that tight lending will hamper recovery from the global recession, a new survey showed. Companies in 10 EU and emerging-market countries,
      Bloomberg  -  348 words
    • Article, Illustration
      Lock icon Japan's manufacturing up from record lows
      353 15 Reuters [TOKYO] Confidence at Japan's manufacturers edged up from record low levels, a Reuters monthly poll showed, as rebounds in exports and production suggest the world's No 2 economy may have reached a trough in the first quarter. In a sign that the impact
      – Reuters; REUTERS  -  353 words
    • Article
      Lock icon ECB steps to buoy economy enough for now: official
      424 15 Reuters [FRANKFURT] The European Central Bank's current efforts to boost the eurozone economy go far enough unless the situation deteriorates markedly, ECB Governing Council member Axel Weber said yesterday. In an interview with the Financial Times Deutschland, Mr Weber backed the
      Reuters  -  424 words
    • Article
      Lock icon No need to devalue dong: ADB
      344 15 Hanoi should also avoid loosening its monetary policy [HANOI] Vietnam does not need to devalue its currency in the short or medium term because the weakness of the dong is more about perception than supply and demand, the Asian Development Bank's (ADB) country director
      344 words
    • Article
      Lock icon Australia, S Korea to speed up free trade talks
      231 15 Bloomberg [MELBOURNE] Australia and South Korea will complete a free trade accord "expeditiously", Australian Minister for Trade Simon Crean said, after meeting his South Korean counterpart. "It's the desire for both of us to see the negotiations as comprehensive, covering all
      Bloomberg  -  231 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Palm oil plantation indices unveiled
      488 16  -  PAULINE NG Two of Bursa's three new indices are Asian based and include Singapore planters By in Kuala Lumpur TO further promote the local bourse as a key centre for commodities, Malaysia's stock exchange operator has launched three new palm oil plantation (POP) indices, two
      m REUTERS  -  488 words
    • Article, Illustration
      Lock icon Yudhoyono tipped to win as economy stays resilient
      622 16 Reuters Reformist president regarded as most investor-friendly [JAKARTA] Indonesian President Susilo Bambang Yudhoyono is a clear favourite to win a second term in office in a July election, helped by the resilient performance of South-east Asia's largest economy during the global crisis.
      – Reuters; AFP  -  622 words
    • Article
      Lock icon BN won't contest by-election: Najib
      275 16 -AP [KUALA LUMPUR] Malaysia's ruling coalition decided yesterday not to contest a special election triggered by an Opposition lawmaker's resignation, but denied that it was cowed by a recent spate of electoral losses. Prime Minister Najib Razak said his Barisan Nasional (National Front) coalition will
      -AP  -  275 words
    • Article
      Lock icon Maybank Islamic not eyeing strategic partner
      225 16 Reuters [KUALA LUMPUR] Maybank Islamic, Asia-Pacific's largest syariah bank, is not currently seeking a strategic partner, its acting chief said yesterday, after earlier talk that it would merge with the country's No 2 Islamic bank. "Not at the moment not at entity level," acting
      ■ Reuters  -  225 words
    • Article
      Lock icon Merger a sign of KL fabricators' consolidation?
      533 16 Rationale could be similar to 2000-2002 bank mergers: report [KUALA LUMPUR] The sale of Ramunia Fabricators Sdn Bhd to Sime Darby Engineering Sdn Bhd (SDE) may spark a major consolidation involving govern-ment-linked companies (GLCs) in oil and gas offshore fabrication, says a report
      533 words
    • Article
      Lock icon Terengganu state fund to sell RM5b of bonds
      288 16 Reuters [KUALA LUMPUR] The Terengganu Investment Authority, the investment arm of a Malaysian state, is to sell RMS billion (Ss2.l billion) of bonds guaranteed by the federal government this week, it said in a statement yesterday. The fund has been set up
      – Reuters  -  288 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China pension fund said to eye foreign private equity deals
      560 17 Reuters It's seeking approval from Cabinet for investment of billions this year: sources [HONG KONG] China's national pension fund, the National Social Security Fund (NSSF), is seeking Cabinet approval to invest billions of dollars in foreign private equity funds this
      ■ Reuters  -  560 words
    • Article
      Lock icon Brazil president in Beijing to boost trade ties
      394 17 [BEIJING] Brazil's president focused on his country's growing trade and investment with China as he arrived yesterday for a summit between two of the world's largest developing nations. Luiz Inacio Lula da Silva, due to meet Chinese counterpart Hu Jintao and other
      -AP  -  394 words
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      Lock icon FRANCO-CHINESE GLAMOUR
      69 17 [CANNES] Hong Kong director Johnnie To (far left) was honoured yesterday with the 'Offtcier dans VOrdre national dcs Arts et dcs Lettres' medal at the 62nd Cannes Film Festival. He is seen here (from left) with French actor and singer Johnny Holly day and his wife Laeticia, and
      AFP  -  69 words
    • Article, Illustration
      Lock icon India's Maruti rolls out new hatchback
      349 17 Reuters [NEW DELHI] Maruti Suzuki India Ltd, the country's top carmaker, on Friday launched its premium hatchback, Ritz, as it battles to boost sales in a segment that is set to see greater competition. Maruti, which sells one of every two cars sold in
      – Reuters; AP  -  349 words
    • Article
      Lock icon Indian property developer to raise US$600m
      228 17 Bloomberg [MUMBAI] Indiabulls Real Estate Ltd, India's third biggest developer, said that shareholders approved a plan to raise as much as US$6OO million selling securities to fund the expansion of projects or acquisitions. The new securities will be shares, convertible debentures or any other
      Bloomberg  -  228 words
    • Article
      Lock icon AIG to speed up separation from Asia unit
      560 17 Reuters Through an IPO, they seek to raise cash list the unit [HONG KONG] AIG said that it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out US insurer seeks to raise cash and list
      – Reuters  -  560 words
    • Article
      Lock icon UBS to launch 'dark pool' trading platform in HK
      400 17 Reuters [HONG KONG] European bank ÜBS said yesterday it will launch a "dark pool" trading platform in Hong Kong, at a time when transaction costs remain high even as the liquidity in the local market is limping back to normal. ÜBS
      – Reuters  -  400 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon VW calls off merger talks with Porsche
      636 18 Bloomberg Move follows VW chief's comments that Porsche must trim its 9b euro debt [MUNICH] Automaker Volkswagen, Europe's largest, called off talks with Porsche SE about a merger less than two weeks after the sports car manufacturer's controlling families agreed to pursue a
      – Bloomberg  -  636 words
    • Article, Illustration
      Lock icon PRACTISING HER STROKES
      135 18 -AFP, Bloomberg [LONDON] Steffi Graf tries to whack her husband, Andre Agassi, after he accidentally hit Kirn Clijsters (back facing) with the ball during their mixed doubles match under the newly completed Centre Court roof at Wimbledon in London, May 17, 2009. The roof will cheer players
      -AFP, Bloomberg; REUTERS  -  135 words
    • Article
      Lock icon Lloyds launches placement to raise £4b
      440 18 AP, Reuters Bank's move could make govt its majority owner [LONDON] Lloyds Banking Group yesterday launched a £4 billion (Ss9 billion) share placement which could make the government its majority owner. Lloyds is raising cash as part of a deal made with the government,
      – AP, Reuters  -  440 words
    • Article
      Lock icon Choice in hard times: No frills, low price
      543 18 Reuters [SEOUL] Forget about bells and whistles. Asians have gone back to basics in the economic slowdown and are opting for no-frills, low-er-priced products rather than brand names and items with fancy features that rarely get used. Manufacturers across the region are
      Reuters  -  543 words
    • Article
      Lock icon S Korea to set up US$16b fund
      184 18 Reuters [SEOUL] South Korea plans to launch a US$l6.2 billion fund as early as this month to buy bad loans from financial institutions and assets from cash-strapped companies for 2009, a financial regulator said yesterday. The 20.24 trillion won (5523.5 billion) fund will
      ■ Reuters  -  184 words
    • Article
      Lock icon WHO mulls declaring swine flu a full-fledged pandemic
      466 18 -AFP Number of cases in Japan soars; teacher dies of virus in NY [GENEVA] The World Health Organisation (WHO) was under pressure yesterday to declare swine flu a full-fledged pandemic as the number of cases in Japan soared and a New York
      -AFP  -  466 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Jetstar Asia in interline tie-up with Qantas
      433 19  -  YEN SREENIVASAN Move will provide seamless ticketing for customers in all Jetstar Asia markets By [SINGAPORE] In a major step towards integrating operations and services within the Qantas group, the Australian carrier's Singa-pore-based unit Jetstar Asia is introducing interline ticketing and settlement arrangements
      BLOOMBERG  -  433 words
    • Article
      Lock icon M-East tanker supply drops on unexpected Asian ship demand
      518 19 Bloomberg [LONDON] The supply of supertankers competing to ship Middle East oil shrank for a second week after an unexpected increase in demand last week for vessels to collect the region's oil. There are 20 per cent more very large crude
      – Bloomberg  -  518 words
    • Article
      Lock icon Drydocks World adds 2 berths for FPSOs
      415 19  -  VINCENT WEE By [SINGAPORE] Drydocks World-Dubai is signalling its rising strength in the shiprepair and conversion space with the addition of two new berths capable of doing large floating production storage and offloading (FPSO) vessel conversions. The two new berths will increase its
      415 words
    • Article
      Lock icon Air NZ to freeze pay for 1,000 senior staff
      290 19 -AP It's already adopting no-pay leave, overtime cuts [WELLINGTON] Air New Zealand will freeze the salaries of about 1,000 senior staff and limit pay hikes for lower paid workers as demand for travel continues to languish amid the global recession. Chief
      -AP  -  290 words
  • Page 19 Advertisements
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      239 19 BT/ZUJI Deals of the Week DEALOFTHEWEEK I ECONOMY CLASS (fr HOTEL (frs) I BUSINESS CLASS (frs) Brisbane $508 $116 $2,599 Etihad Airways Etihad Airways DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS WEATHER (frs) (frs) (frs) Shanghai $532 (Cathay Pacific) $50 $1,876 ahai Airways) J^ Cloudy Hong Kong $352 (United Airlines) $53
      239 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      340 19 CRYPTIC CROSSWORD ACROSS 3 Transport offered by a drama I I BB 8 The kind of animal home pro- g—^ lH9 —^l 9 Father can start to achieve ill I I 11 Word that might describe I j gious education studies (8) i 14 Acquitted missing sailor, hay- "J6~~^ ing
      340 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon India chooses astutely
      507 20 THE results of the Indian general election have surpassed even the most buoyant forecasts. And judging from how the Mumbai stock exchange has reacted jumping a record 17 per cent in a single day, hitting circuit breakers on the way up investors are ecstatic. Indian elections often
      507 words
    • Article, Illustration
      Lock icon Congress' vision the deciding factor
      1258 20  - Congress vision the deciding factor YOGI AGGARWAL Performance is rewarded while caste-based politics and ossified Left thinking are rejected IT'S been a watershed election. Analysts and pre-election surveys carried out by TV channels were predicting the 2009 general election to the Lok Sabha, or lower house of Indian parliament, to
      AP  -  1,258 words
    • Article, Illustration
      Lock icon Financial industry may not accept new rules willingly
      805 20  -  LEON HADAR THE BOTTOM LINE THEY have been described as "exotic financial instruments" and for years most of us were embarrassed to admit that we really did not understand what these Big Shots in Wall Street were talking about. Indeed, while the
      805 words
    • Article, Illustration
      Lock icon Building our future Singapore in an uncertain world
      2078 21 Maintaining a safe and secure Singapore is a basic precondition for our people to pursue their dreams Edited excerpts of President S R Nathan's address to Parliament yesterday SINCE Parliament last opened in November 2006, our economy has gone through a rollercoaster
      m AFP  -  2,078 words
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  • CONGRESS VICTORY
    • Article, Illustration
      Lock icon Faster reforms expected but not total liberalisation, say analysts
      987 22 AP Investment curbs in insurance, retail may go but welfare projects will stay [MUMBAI] India Inc breathed a huge sigh of relief after the ruling Congress Party won one of the most definitive electoral victories in nearly two decades of fractious
      AP; XINHUA; AP Graphic  -  987 words
    • Article
      Lock icon Pressure on ratings may ease on signs of stability
      758 22 Reuters, Bloomberg Moody's finds scope for new govt to implement reforms [HONG KONG] Pressure on India's sovereign rating could ease after the Con-gress-led coalition's big general election victory reduced policy uncertainty, a top official at credit rating agency Moody's said yesterday.
      Reuters,; Bloomberg  -  758 words
    • Article
      Lock icon Poll verdict likely to give a boost to farm reforms, wheat exports
      857 22 Reuters [NEW DELHI] The ruling Congress party's convincing Indian election win gives it a stronger position to push vital farm reforms, shifting its focus from populist short-term trade restraints to strategic solutions for affordably feeding a billion-plus people
      Reuters  -  857 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8757 23 52-wks Tel |h Low Code Com| Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld |h Low Buyer Seller C'vr Net M Cap P/E S1111I Hi! >ari] 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8.5 1 1100
      8,757 words
    • Article
      Lock icon SGX CATALIST
      1612 24 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 s AAGrp 32 13 8538 t APStrategic 4 05 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
      1,612 words
    • Article
      Lock icon SGX ETF
      358 24 -Hil Low Code Comi Sale COOP) -Hil Low Bm Seller C'vr P/E $mil 109 100 6389 ABFSG Bond ETF 109 unch 982 427 CIMBAsean40 100US$ US594 232 149 DBS STI ETF 100 219 +5 2416 1682 DBXT FTChina25 10US$ US2406 +10 3870 3228 DBXT FTVietnam 10US$ US3870 1360
      358 words
    • Article
      Lock icon CLOB INTERNATIONAL
      251 24 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
      251 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9403 24 UNIT TRUSTS FUNDS I UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.759/ AIGIF S'pore Bond Fund/^- 1.237/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.9/ APS Alpha Fund (USD)!** 0.61/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5129/
      9,403 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 15 World Index Preliminary 680.6 0.2 0.4 0.4 2.1 0.4 0.4 EAFE Preliminai 656.1 0.9 1.1 1.2 2.3 1.2 0.7 Euro[ Prelim inan 906.5
      374 words
    • Article
      Lock icon PALM OIL
      60 25 May 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 09 Jun 09 2680 Jul 09 2620 Aug 09 2560 Total o/p: ***** contracts 2849 2666 2695 2630 2630 2645 2565 2570 2603 2513 Turnover: ***** Market
      60 words
    • Article
      Lock icon STOCK INDEX FUTURES
      19 25 May 18 ten Hii Sett STI ilMSCI Ma' 261.3 266.2 265.7 Taiwan Ma' 236.9 241.3 240.6
      19 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 May 18 Bid Offer 1-month 1.4694 1.4710 2-months 1.4694 1.4710 3-months 1.4693 1.4709 6-months 1.4690 1.4707 Source: OCBC
      21 words
    • Article
      Lock icon SIBOR
      76 25 May 18 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3mths 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      299 25 May 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.2950 99.2650 99.0850 98.9650 5278 3692 3393 3197 EUROYEN TIBOR FUTURES JunO9 99.445 99.445 SepO9 DecO9 99.525 99.525 Mar10 99.510 99.510 Jun10 Sep10 Dec10 Mar11 99.445 99.525 99.510 99.445 99.515 99.520 99.490 99.455
      299 words
    • Article
      Lock icon SICOM FUTURES
      180 25 May 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) JunO9 163.0 Jul 09 163.0 Aug 09 163.0 Sep 09 163.0 Oct 09 NOV09 163.0 163.0 163.0 163.0 163.0 163.0 163.0 163.0 163.0 163.0 22 140 20 20 831
      180 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 25 May 18 I KEM3UKY BILL3 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****X 20.08.09 1-Year BY*****W 03.05.10 0.21 0.33 0.21 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year
      92 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 As at 9am May 18 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0900 1.1220 Can dollar 1.2420 1.2560 Euro 1.9710 1.9920 NZ dollar 0.8530 0.8730 Sterlini ind 2.2190 2.244( US dollar 1.4670 1.4830 Local dollars to 100 units of foreign
      130 words
    • Article
      Lock icon INTERBANK RATES
      168 25 May 18 fer Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.08 US$ Offer 1/32 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.33 0.45 0.80 0.90 1.40 2.00 2.10 Offer 0.23 0.35 0.60 0.70
      168 words
    • Article
      Lock icon INTERBANK CROSS RATES
      475 25 May 18 AS _CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso IS Rand Sfr NTS Baht Pound us: Australia 0.884 5.140 0.559 5.837 36.132 78.433 0.718 9.484 2.680 1.284 61.109 35.755 1.107 6.532 0.846 24.836 26.016 0.496 0.753 Canada 1.131 5.814 0.633 6.602
      475 words
    • Article
      Lock icon PRECIOUS METALS
      161 25 May 18 GOLD (USS/oz) Ma' 18 Ma' IS Hong Kong London CAST BAR (S$) 927.00 922.80 928.00 923.80 May 15 May 14 932.70 926.10 933.70 927.10 Source: Thomson Reuters R May 18 Selling Buying GOLD BULLION COINS (SS) Selling Buying ■foz 1530.1 1382 UBS GOLD LUNAR KINEBAR (SS)
      161 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      169 25 May 18 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1062 1.1077 0.7528 0.7530 Canadian dollar 1.2512 1.2531 0.8514 0.8519 Euro 1.9777 1.9807 1.3458 1.3465 NZ dollar 0.8616 0.8632 0.5863 0.5868 Sterlini 2.2319 2.2349 1.5188 1.519: US
      169 words
    • Article
      Lock icon LONDON METALS
      70 25 May IS Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1487.00 3 months 1522.00 1495.50 1532.00 Copper, Grade A (US$/tonne) Cash 3 months 4447.00 4450.00 4441.00 4445.00 Lead (US$/tonne) Cash 1474.00 3 months 1482.00 1429.00 1435.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.50 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      74 25 May 15 COCOA (Btonne) Close Prev Hii ih/Low Jul 09 1608 1590 1615/1590 SepO9 1618 1602 1624/1602 Dec 09 1629 1613 1634/1615 Mar 10 1636 1621 1643/1633 COFFEE (US$/tonne) Close Pev High/Low May 09 1487 1481 1487/1476 Jul 09 1510 1505 1512/1495 SepO9 1520 1513 1522/1506 SUGAR (US tonne)
      74 words
    • Article
      Lock icon CHICAGO BOT
      101 25 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;Uscent/lb) Close Previous High/Low Jul 09 37.90 38.60 39.55 37.87 Aug
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS May 15 origin] US! (/barrel Close Cham Brent blend (1-Mth F) 57.43 0.13 WTI (Near Mth) 56.56 -1.93 Dubai (1-Mth F) 57.41 1.27 Tapis blend 60.65 1.00 Minas 59.70 1.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 52.22 S4.30 1.90 2.00 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2559 25 BONDS, WARRANTS EXTENDED SETTLEMENT [el Zode Com| Pel Last Vol lode Company Sale +or- ('000) I >036 Advance SCT Ltd W*****9 0.5 susp )092 Asia Environment W*****4 5 1481 Asia Water Tech W*****0 18.5 5816 Asiasons Capital W*****7 5 3756 Asiatic Grp (H) W*****2 9.5 1105 Asiatravel W*****7 4 Auston
      2,559 words
  • Page 23 Advertisements
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      189 25 BENEFIT# f~\ f-\ A 22 *****26 mi |p CDDC/VV^C Spreads on our major markets don't like change, in fact, they hate wUK SKKtAUS it. Maybe it's GFT's stability or financial independence. Either way lfc£fl RT-A^PB J\nc CTI IDD^\DIWI I that's a good thing for you. "Tight spreads" and "low margins"
      189 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      2235 26 The Business Times Shipping Times —I II Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE ||||||il| CotllwHOH Destination Destination VIIVI V uIIIEUI D3V STXPOTBN RTM/ANR/TIL STXPO TBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia idlllwlli I lIV UA Oil I™ O UdjJW Ull Ijjß MIDDLE-EAST SERVICE
      2,235 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      4155 27 F^l IFlri EASTERN CAR LINER, LTD ||E^SIiI!IXED ll— -!__-—1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS P-M-fl HMS2222SMWmWmWL VOr I RomUKT) I Lill^KT) I MUA IKB I SIN I PKL I )KT I BTL I Vfl! (IA (ID DiSImAMN PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA I
      4,155 words
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  • CITYSCAPE ASIA
    • Article, Illustration
      Lock icon Opportunities for property investors
      947 28 Cityscape Asia, the annual real estate exhibition and conference, opens amid talk of 'green shoots' of recovery for Asian economies THESE are troubled times, and the global real estate sector has borne the brunt of the sub-prime fallout. But now the property world is turning its
      AFP  -  947 words
    • Article, Illustration
      Lock icon Iskandar Investment
      734 29 Medini Iskandar Malaysia (Medini), the crown jewel of Malaysia's Iskandar region, is all set to ride on the growing demand for live-work-play environments which global corporations seek when expanding overseas. Medini's unique geographical location at the southernmost tip of Malaysia adjacent to Singapore and strong government support in
      734 words
    • Article, Illustration
      Lock icon Initiatives aplenty
      426 29 A variety of incentives, both fiscal and non-fiscal, are being offered to attract top quality investments and the best talent to Iskandar Malaysia. The Initial Incentive and Support Package (ISP) is designed to encourage and kick-start early investment into Iskandar Malaysia. The incentives focus on six targeted services-based
      426 words
    • Article, Illustration
      Lock icon UEM Land
      996 30 Booth no: N2O Nusajaya Centre, 8 Ledang Heights ***** Nusajaya, Johor, Malaysia Tel +607-277 3777 www.nusajayacity.com/EastLedang Come home to the gardens of East Ledang. This is how living spaces should be. Just 15 minutes from Singapore, at the heart of the regional city of Nusajaya is the green
      996 words
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      Lock icon Page 28 Advertisements Column 1
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  • PROPERTY
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      Lock icon UK homes repossess rate up by 23%: CML
      519 31 ■AP Trend appears less dire than previously forecast say mortgage lenders [LONDON] Home repossessions in the United Kingdom rose by 23 per cent in the first quarter, although the trend appears to be less dire than previously forecast, the Council of Mortgage
      ■AP; AP  -  519 words
    • Article
      Lock icon Kuwait Finance eyes Aussie projects
      308 31 Bernama Company looking at mixed-development projects: official [KUALA LUMPUR] Kuwait Finance House (Malaysia) Bhd (KFH) is considering the possibility of investing in property development projects in Australia, says its director for real estate advisory, Siti Mariam Mohd Desa. "We are still considering the venture and
      ■ Bernama  -  308 words
    • Article
      Lock icon UK office property values fall 2.3% in April
      289 31 Reuters [LONDON] Falling rents helped to drive British commercial property values down a further 2.3 per cent in April, although the month-on-month rate of decline has slowed substantially, data showed on Friday. Investment Property Databank (IPD), which compiles benchmark data used as
      ■ Reuters  -  289 words
    • Article, Illustration
      Lock icon Asia-Pac market for factory space falls
      383 32  -  UMA SHANKARI Rents, demand for industrial property hit by financial crisis, says Colliers By I [SINGAPORE] Industrial property markets in the Asia-Pacific region deteriorated from October 2008 to March 2009 as the global financial crisis rolled on, Colliers International said in a report yesterday.
      I BLOOMBERG  -  383 words
    • Article
      Lock icon Eight winners for BCA awards
      317 32  -  JESSICA YEO 6 awards, 2 merit certificates to be given for excellence ByJ [SINGAPORE] Six awards and two certificates of merit will be given out in the Building and Construction Authority (BCA) Construction Excellence Awards this year, out of 15 nominations. There was notable improvement
      317 words
    • Article
      Lock icon Thai Asian Property raises '09 revenue target
      360 32 Reuters [BANGKOK] Thai Asian Property Development has raised its revenue target for 2009 to 10 billion baht (*****.4 miUion) from 8.5-9.0 billion baht thanks to an improvement in house sales, a senior executive said on Friday. "The improving first-quarter results have made us
      – Reuters  -  360 words
    • Article
      Lock icon Australian housing most affordable in seven years
      224 32 ■Bernama [MELBOURNE] Static house prices and low interest rates have improved housing affordability for firsttime buyers, to the best levels in seven years, a survey says. The Housing Industry Association (HIA)-Common-wealth Bank of Australia housing affordability index for first home buyers rose 22.3
      ■Bernama  -  224 words
  • Page 31 Advertisements
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      32 31 EE WANT TO BUYi LOOKING FOR UW WAREHOUSE Ul| Jurong Woodlands 1 Land Area 200,000 sqft Building Area 100,000 sqft ■ra TOKIO PROPERTY SERVICES PTE LTD US Pis contact Evelyn 6737-5187/8223-5638 i
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      6 31 Via Private Invitation only Limited Seats
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      243 31 PROPERTY AUCTION P5 JP Monday, 25 May 2009 at \Sj} X-afjJj Amara Hotel, Level 3 Connection I Registration at 1.30 pm, Auction starts at 2.30 pm 18D Queen Astrid Park (D 10) 2-storey Detached house with huge garden within Good Class Bungalow area, 12,553 sf, 999-yr LH (wef 1/9/1876), near
      243 words
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      84 31 THIS HOUSE IS PRICELESS! We want to sell it to someone who truly deserves this Beautiful Hill top single storey house. Located at Botanic Gardens vicinity. Land 33,2945qft. We trust this is the one and only one in Singapore. We will invite 30 buyers to tender this property. Kindly contact
      84 words
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      85 32 ESS ISSSSSSI pp^^sgi™" 11"*****1"'! I" ii ri 111 ri ii I!E*****1111 iii ii i;i I:: nrifTa mm :r tI I hi h nn nn in in I lIUj ARMENIAN^ Ensuite Baths with V&B Fittings Poliform's Varenna Kitchenette with Miele Appliances Jj jrf*l^^^^^> I Developed Hong How Investments Pte Ltd *****4064H]
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      89 32 SZAP 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) b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software
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