The Business Times, 20 May 2009
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2009-05-20
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The Business Times
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Title Section23 2009-05-20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|2!i A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, May 20,200923 words
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1109 2009-05-20 1 LYNETTE KHOO - LYNETTE KHOO BT study of all listed companies shows Big 4 still rule but smaller firms carve niches By [SINGAPORE] Ernst Young are the runaway leaders when it comes to auditing Singapore-listed companies, the Big Four accounting firms still have a stranglehold on the space1,109 words
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591 2009-05-20 1 LEE U- WEN - LEE U-WEN It will focus on engineering, science and also have China partner By [SINGAPORE] The Massachusetts Institute of Technology (MIT) is coming to Singapore to partner the government in setting up the country's fourth public-ly-funded university, which will open its doors591 words
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MARKETS DIGEST
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Article25 2009-05-20 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5 55 HONG KONG 5.00 ST. S. -5 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 |ND|A 1225 Source:Bloomberg - 25 words
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Article47 2009-05-20 1 uesi lay lange 1 COMP 1,023.49 +11.48 IIKKEI225 9,290.29 +251.60 1ANG SENG 17,544.03 +521.12 ;et index 556.47 +16.25 JAKARTA COMP 1,886.01 +82.45 1ANILA COMP 2,309.58 +30.21 ;eoulcomp 1,428.21 +41.53 ;henzhenb 411.46 +6.90 IUMBAI IND 14,302.03 +17.82 12 noon EDT Cham )OW 8,518.33 +14.25 IASDAI 1,733.60 +1.2447 words
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Article45 2009-05-20 1 IS$ (S$ per US$) 1.461 (US$/S$ per 1.546 2.258 :URO (US$/S$/E) 1.362 1.990 Foreign currency per US$ S$ 'EN 96.70 66.10 3.531 2.417 IK$ 7.752 5.305 !AHT 34.39 23.53 lUPIAH 10,315 7,060 1ENMINBI 6.825 4.671 INDIAN RUPEE 47.51 32.51 1.294 0.885 IZ$ 1.657 1.13445 words
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Advertisement97 2009-05-20 1 CORPORATE INVESTMENT BANKING ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS Leaders in balance sheet and risk management. Best Risk Management House Asia and global 1 Derivatives House of the Year Asia 2 I I I I PSjIP? I A Passion to Perform. Deutsche Bank I^J 1 Euromoney Awards for97 words
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Page 1 Miscellaneous
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Miscellaneous70 2009-05-20 1 EXEC MONEY BANKING JHk f (Jk fc-TSI TRANSPORT HUB SPORE Roller coaster ride FINANCE f^~ Jl lt§^\ Koreans > Germans beat ARTS FESTIVAL of a market Their views and v/ %^H I car market slump A tale of two cities PAGE 40 analyses PAGES 25-30 2 J^^^ t. #t\- PAGE70 words
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TOP STORIES
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Article, Illustration406 2009-05-20 2 KALPANA RASHIWALA - KALPANA RASHIWALA Macquarie-managed fund's loss partly offset by currency movements By [SINGAPORE] In the second transaction of an office block in the past few days, a fund managed by Australia's Macquarie Bank has sold Anson House. The price is said to be about $85 millionFILE PHOTO - 406 words
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534 2009-05-20 2 -Reuters Move to signal their strength and avoid tighter govt rules [NEW YORK] Goldman Sachs Group Inc, Morgan Stanley and other banks have applied to repay billions of dollars that they borrowed under the US government's Troubled Asset Relief Program, sources-Reuters - 534 words
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387 2009-05-20 2 R SIVANITHY - R SIVANITHY Momentum, liquidity and 'green shoots' theory driving markets: brokers By [SINGAPORE] The liquidi-ty-driven rally of the past two months resumed in full force yesterday as Wall Street's Monday bounce and hopes for a quick economic rebound lifted stocks around387 words
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407 2009-05-20 2 Reuters [SINGAPORE] Singapore state investor Temasek's brief love affair with Wall Street banks has ended in tears, but the country's biggest sovereign wealth fund GIC is still sticking with its bets. The Government of Singapore Investment Corp (GIC), which has ploughed billions into– Reuters - 407 words
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THREE-MINUTE DIGEST
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68 2009-05-20 2 ERNST Young are the runaway leaders when it comes to auditing Singapore-listed companies, the Big Four accounting firms still have a stranglehold on the space while a lesser-known firm is a favourite with Chinese firms or S-chips. These facts emerged in a BT study of68 words
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59 2009-05-20 2 THE Massachusetts Institute of Technology is coming to Singapore to partner the government in setting up the country's fourth publicly-funded university, which will open its doors in 2011. The prestigious American institution will now play an integral role in crafting the new59 words
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95 2009-05-20 2 THE liquidity-driven rally of the past two months resumed in full force yesterday as Wall Street's Monday bounce and hopes for a quick economic rebound lifted stocks around the region to their highest level this year. Led by banking and property counters, the95 words
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70 2009-05-20 2 THE world's top policy-makers offered their brightest assessment of the global economy in months, saying it was stabilising and could start growing again as soon as late this year. Australia's central bank governor Glenn Stevens yesterday joined a growing chorus of officials predicting the economy70 words
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68 2009-05-20 2 A "SMALL minority" of people with multiple directorships may not spend enough time on their board work, but it would be difficult to single them out, says Singapore Institute of Directors chairman Chew Heng Ching. The responsibility for singling them out should lie68 words
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76 2009-05-20 2 JURONG Shipyard's planned sale of a disputed rig could hit a roadblock after Petroßig I Pte Ltd filed an application before the bankruptcy courts in New York yesterday. The application is seeking a preliminary injunction restraining Jurong Shipyard, a unit76 words
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73 2009-05-20 2 AMERICAN Express will retrench a small number of people from its Singapore office as part of the group's global retrenchment exercise which will see 4,000 jobs lost or 6 per cent of its total workforce. A source said the number of people laid off73 words
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52 2009-05-20 2 THE value of sales by Malaysia's manufacturing sector shrank 25.5 per cent or RM12.5 billion year on year in March to RM36.6 biUion (5515.2 billion), as refined petroleum products, computers and peripherals and iron and steel products continued to suffer sharp falls in demand. MALAYSIA/INDONESIA,52 words
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Article, Illustration699 2009-05-20 4 Reuters It's stabilising and could start growing again later this year, say policy-makers [SYDNEY] The world's top policy-makers offered their brightest assessment of the global economy in months, saying it was stabilising and could start growing again as soon as late this year. Australia's central– Reuters; REUTERS - 699 words
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528 2009-05-20 4 LEE U- WEN - LEE U-WEN Reports by [SINGAPORE] The government wants to attract top universities from countries such as the United Kingdom, Australia and Switzerland to offer their degree programmes to polytechnic graduates here. It will do this through the new Singapore Institute of528 words
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526 2009-05-20 4 New school could take in about 100 to 150 students a year [SINGAPORE] In about a year from now, Singapore will find out if plans to build a third medical school will get the green light. The government has approached Nanyang Technological526 words
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518 2009-05-20 4 RONNIE LIM - RONNIE LIM Confidence, more players returning, say traders here By [SINGAPORE] The dark clouds over the Singapore oil market seem to be clearing midway through the second quarter. Oil traders say that they are starting to spot early signs of a market recovery here. "Confidence518 words
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Advertisement140 2009-05-20 2 Dr. John C. Maxwell LIVE in Person! Building The Leadership Team for Outstanding results "A strong Team of Leaders creates the multiplier effect f£ for massive growth. Everything rises and falls on Leadership/ UMiinJ v John C. Maxwell >■■ V I JOIINt I L——^B H Maxwell i I MKs; I140 words
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Advertisement18 2009-05-20 2 Head to I) CATS FASTADS in The New Paper for education options! WATci i BUY IT-SELL IT-FIND IT18 words
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Advertisement205 2009-05-20 3 OF THE YEAR.* In a year of economic uncertainty, the desire assets compared with USD7O billion in 2007. for more liquidity, transparency and cost- And, we're proud to announce that Barclays effectiveness resulted in dramatic inflows to Global Investors, the Manager of iShares the Exchange Traded Funds (ETFs) category. ETFs,205 words
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Advertisement236 2009-05-20 4 SONY. Promotion from II Ifll Sony's VPL-HWIO delivers the excitement of HD I I t0 you' featuring a 30,000:1 dynamic contrast qa^AVAP* ratio' 1(-><-"-) ANSI lumens and all-digital video UV UHMtPDr IfPT signal processing via the BRAVIA Engine 2, UIJ I .U I enjoy incredib|y snar P' vibran+ images. With236 words
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COMPANY NEWS
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Article, Illustration440 2009-05-20 5 JAMIE LEE - JAMIE LEE Companies have improved methods of picking directors, says SID chief By A "SMALL MINORITY" of people with multiple directorships may not spend enough time on their board work, but it would be difficult to single them out, says Singapore Institute of Directors (SID)FILE PHOTO - 440 words
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756 2009-05-20 5 YEN SREENIVASAN - YEN SREENIVASAN THE past few weeks have been good for the Singapore market, especially for construction stocks. Names such as piling specialist CSC Holdings, Tiong Woon and crane lessor Tat Hong have been in the spotlight on expectations of swelling order books as756 words
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477 2009-05-20 6 LEE U- WEN - LEE U-WEN Application in US for preliminary injunction against SembMarine unit By JURONG Shipyard's planned sale of a disputed rig could hit a roadblock after Petroßig I Pte Ltd filed an application before the bankruptcy courts in New York yesterday.477 words
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342 2009-05-20 6 TEH SHI NING - TEH SHI NING By CAPITALAND'S Ascott Holding China has sold its 100 per cent stake in Central BVI to Ascott China Fund for US$l4.3 miUion. Ascott Holding China and Central BVI are both indirect, wholly owned subsidiaries of Capita Land, which342 words
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406 2009-05-20 6 LYNETTE KHOO - LYNETTE KHOO Civil penalty action taken by MAS against Chua Yang Joo for insider trading By THE Monetary Authority of Singapore (MAS) has taken civil penalty enforcement action against a former employee of Biosensors International Group for insider trading. Chua Yang Joo, former company secretary and406 words
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Article150 2009-05-20 6 SINGAPORE Airlines has expanded its code-share agreement with Egypt Air, effectively providing a daily connection between Singapore and Cairo. SIA flies four days a week from Singapore to Cairo via Dubai. With the expanded agreement, customers can fly SIA to Dubai, then Egypt Air from150 words
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Article, Illustration474 2009-05-20 6 VINCENT WEE - VINCENT WEE It recently agreed to two requests for vessel type change By CHINA-BASED Yangzijiang Shipbuilding (Holdings) reported that its delivery schedule has been on track with 11 vessels worth U*****.9 million delivered so far this year, even as it helps customers ride through theFILE PHOTO - 474 words
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331 2009-05-20 6 OH BOON PING - OH BOON PING News comes after Whitehaven dropped merger with Gloucester By NOBLE Group has waived a key condition of its offer for Gloucester Coal and says that its offer price is final. In a statement, the commodities trader said its bid for331 words
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366 2009-05-20 6 JOANNE TANG - JOANNE TANG By KENCANA Agri is partnering Louis Dreyfus Commodities Asia (LDCA) in a 50:50 joint venture to construct and operate a palm oil trading port in Indonesia. Kencana is a Singapore Exchange mainboard-listed producer of crude palm oil (CPO) and crude366 words
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619 2009-05-20 8 LYNETTE KHOO - LYNETTE KHOO WHO AUDITS WHO Rising risks cause some audit firms to not take on new clients unless they already know them By WITH risks weighing on the minds of auditors, they are likely to be even more stringent in picking up new engagements. Some619 words
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Article2031 2009-05-20 8 Ernst Young LLP Advance SCT Advanced Systems Automation AEI Corporation Alantac Technology Allied Technologies Armstrong Industrial Corp Asia Pacific Breweries Asia Water Technology Asiamedic Asian Micro Hldgs Asiatic Group Hldgs Asiatravel.com Hldgs ASJ Hldgs ASL Marine Hldgs Aspial Corp ASTI Hldgs Auric Pacific Group Baker Technology Ban Leong Technologies Banyan2,031 words
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Advertisement158 2009-05-20 5 mi M... —^w DESIGN INNOVATION SAFETY Integrated Headlamps/ Large Interior Space Supervision Cluster with Automatic Digital Theta II engine Infinity Entertainment iPod®-/USB-Compatible Motorised Driver Seat Anti-Glare Automatic Rain Sensor Crash Door Auto Unlock Dual Airbags Front Grille -"Schreyer Trip Computer Climate Control churning out an System with Steering Audio Console158 words
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Advertisement99 2009-05-20 6 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 Business99 words
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Advertisement17 2009-05-20 7 www.audi.com.sg ?=M =M =/^f=^\ *fe jHr m' vl^ KF$/ V? mßFu^' I Jf f ill .^r^ ,^t17 words
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Advertisement202 2009-05-20 9 Ahrncdtsubtud < A/x Bn Prov&n<^& iiSoLti As+<un<u "THE" Ba,nf*.lore. ASCOTT a^fHoii GROUP A Member of Capita Land Borde./suuyc C^brAjt-j'nCf Z*s y<L*urs of Bruss^s Daf/n/nf frlobtul L/vinf Ch*.nn^ foa^-ha^n boh** £>u6*,/ fcutun^z-hou 'I f z JH Wjfi^ London "fcS|s fo&lbournz. Hon-/-p&ll/e.r L P* n< B^. ;w jh^unG-ha^j WtL. Sh&nz-h&n jmk W±202 words
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SINGAPORE MARKETS
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Article, Illustration847 2009-05-20 10 OH BOON PING - OH BOON PING CURRENCIES US dollar, yen struggle as stock rally in US shows risk appetite reviving ASIAN currencies yesterday followed the fortunes of their stock markets, which saw strong inflows of funds into domestic securities in recent weeks. The forex rally was broad-based847 words
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Article91 2009-05-20 10 Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 1 2 0 0 0 14 1 2 Manufacturing 116 18 55 11 127 23 63 Commerce 35 14 22 38 17 26 'pt/Stor/Comms 29 29 Finance 24 24 Construction 18 20 Proi lerties 4091 words
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Article114 2009-05-20 10 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 49,902 49,902 143,653 143,653 lanufacturing 669,328 95,064 764,392 386,751 3,696 390,447 Commerce 182,050 86,730 268,780 142,224 21,979 164,204 ■pt/Stor/Comms 247,400 710 248,110 322,689 52 322,741 :inance 54,924 54,924 442,479 442,479 Construction 110,823 2,327 113,150 18,284 118 18,403 ■roperties 212,680114 words
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Article36 2009-05-20 10 la pita Land 3.410 +0.300 .apr lornl For! iro .osco .orp mp ien' Ung len Ism line ipel .orp Noble Grp 1.550 +0.110 TafiT :ngg :ngg >efrfl _orp >eml >ing I mar36 words
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Article221 2009-05-20 10 JOYCE HOOI - JOYCE HOOI Sinotel Technologies May 19 close: $0.22 WESTCOMB SECURITIES, May 19 REVENUE in Ql 2009 increased by 18.7 million yuan (Ss4 million), or 24 per cent, to 96.6 million yuan from Ql 2008. Overall gross profit for Ql 2009 was 41.2 per cent, a marginal decrease of221 words
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Article, Illustration581 2009-05-20 10 R SIVANITHY - R SIVANITHY STOCKS WALL Street's overnight bounce spilled over here yesterday, thrusting the Straits Times Index up 83.38 points, or 3.8 per cent, to 2,260.36. Other than high liquidity, momentum and continued belief in a V-shaped recovery, brokers were unable to add anything new581 words
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Article84 2009-05-20 10 May 19 CHNG CLOSE FRMay18 YR SSLOW R2009 S$ HIGH USS 1.4625 0.40 1.5579 1.4308 Euro 1.9921 -0.74 2.0732 1.9150 Pounds 2.2612 -0.96 2.2714 2.0356 1.1321 -2.01 1.1177 0.9453 'en* 1.5173 1.13 1.7278 1.4831 Rupiah* 0.***** -0.37 0.***** 0.***** Baht* 4.2515 -0.06 4.3390 4.1040 Peso* 3.096584 words
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Article51 2009-05-20 10 CLOSE IT OB/OS 867.00+100.C IT CADI -*****.00+308. IT 10-day MA -*****.00 +86.01 TSE ST Mid Cap 474.77+22.5: TSE ST Small Cap 408.71 +18.71 TSE ST All Share 544.99+21.1 TSE ST China Top 220.59 +7.1 TSE ST China 220.69 +7.3 IOB Catalist 92.04 +2.5 IMSCI 277.37+11.1 IMSCI Futures51 words
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Article61 2009-05-20 10 VOLUME Golden Agri 186,597,000 China Honqxinq 126,876,000 Ocean us 85,674,000 Cosco Corp 74,052,000 Yanqzijianq 68,818,000 KLW Hldgs 59,635,000 China Sports 49,961,000 Capita Land 48,749,000 Noble Grp 47,442,000 Swiber 37,375,000 VALUE(S) DBS Grp 186,482,859 Capita Land 160,941,890 SinqTel 105,366,356 SGX 90,492,620 Keppel Corp 89,421,360 OCBC Bk 88,165,860 Cosco61 words
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Article101 2009-05-20 10 CLOSE UP DBXTNift' 10US$ *****994.9 15.9 STXPO 100 1460 110.0 8.1 DBS.ES.0905 1230 84.0 7.3 DBS Gr| 1250 80.0 6.8 China H 10US$ 1311 65.7 3.6 MS India 10US$ 1205 64.3 3.8 Cit' iev.ES.0905 820 55.0 7.2 SIA.ES.0905 1220 52.0 4.5 UOB.ES.0905 1482 50.0 3.5 UOB 1488 48.0 3.3101 words
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Article119 2009-05-20 10 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 6900-455.6 -4.3 tmei |aNav 1800-440.0 -19.6 LP 10US$ 9070 -78.9 -0.6 IMH 2210 -29.2 -0.9 >in< [Tel DBePW*****2 9 -24.0 -72.7 "oscoCori IBLeCW***** 63.5 -21.0 -24.9 DBS RB ePW*****3 47.5 -14.0 -22.8 ;TI2200SGAePW*****9 33.5 -11.5 -25.6 DBS BNPePW*****3 27.5 -10.0 -26.7119 words
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Advertisement217 2009-05-20 10 Our years of experience means a better trading experience for you. Fair and transparent prices. Easy-to-use trading platforms. Excellent customer support. City Index has over 25 years' experience delivering a market-leading service to our clients including: sophisticated trading tools, firm quotes, accurate tracking of underlying instruments, competitive spreads and margins,217 words
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Advertisement186 2009-05-20 11 Luxury now comes with performance and ;™"l-^^^i^B efficiency others can only envy. /^l^^ X^*^^^ back anc' enJ°y superior performance with an enhanced 295 hp. Armed with an incredibly fuel-efficient hybrid engine boasting a combined consumption of 15.9 km/litre*, the RX Hybrid is the closest you'll come to perfection. But that's186 words
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SINGAPORE NEWS
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397 2009-05-20 12 UMA SHANKARI - UMA SHANKARI There's more stress now on asset management By THE property investment landscape has changed significantly because of the global financial crisis, speakers at a panel discussion said yesterday. For a start, investors are going "back to basics", said Blake Olafson, director and397 words
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309 2009-05-20 12 NISHA RAMCHANDANI - NISHA RAMCHANDANI By AIRFARES are unlikely to dip beyond the lows they're treading right now, says online travel retailer Zuji. "We think it's hit the lowest it can go," general manager Melissa Siew highlighted. Consumers have had plenty of incentive to travel309 words
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229 2009-05-20 12 ENTREPRENEURSHIP efforts at local universities have received a $22 million boost from the National Research Foundation. The grant is from the $50 million University Innovation Fund, which is part of the $360 million National Framework for Innovation and Enterprise announced by Prime Minister Lee229 words
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Article, Illustration638 2009-05-20 12 BRITTANY KHOO - BRITTANY KHOO Medquest's growth strategy is boosting current business, new distributorships and new territory By I WHEN Wan Suhaimi quit his previous job in 2001 in the hope of getting a better one, those hopes were dashed by a recession but that turned out toYEN MENG JIIN - 638 words
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Article, Illustration890 2009-05-20 12 JESSICA YEO - JESSICA YEO It is also expanding services from print management to IT infrastructure By ADVENTUS Singapore, which deals mainly in total print management services, is aiming to expand itself regionally, starting with its bases in Kuala Lumpur and Hong Kong. For the next sixARTHUR LEE - 890 words
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Article, Illustration437 2009-05-20 13 TEH SHI NING - TEH SHI NING Minister says it is crucial to ensuring our competitiveness in the long run By' EFFORTS to build capability and raise productivity are not just for the downturn. They are also essential to ensure Singapore's long-run competitiveness, Manpower Minister Gan Kirn YongFILE PHOTO - 437 words
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433 2009-05-20 13 JOYCE HOOI - JOYCE HOOI By FIVE out of six or 83 per cent of local professionals believe they could go the way of dinosaurs and telex machines if their skills are not upgraded within the next five years. And local respondents in the latest Kelly433 words
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369 2009-05-20 13 SIOW LI SEN - SIOW LI SEN But figure will be lower than group's global 6% target By AMERICAN Express will retrench a small number of people from its Singapore office as part of the group's global retrenchment exercise which will see 4,000 jobs lost or 6 per369 words
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200 2009-05-20 13 EXPLOIT Technologies and the Singapore Manufacturers' Federation (SMa) yesterday signed a memorandum of understanding to boost the activities of angel investors here. They will collaborate under an Angel Investment Management framework launched last year by Exploit, which is the commercialisation arm of200 words
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Advertisement43 2009-05-20 12 2009 (EEO9) award. Jointly presented by The Business Times ~_f£' and OCBC Bank, the EEO9 recognises young SMEs with f< 2009 annual sales of less than $10 million. It is supported by M Spring Singapore, NUS Extension and RSM Chio Lim. s_ >^ V43 words
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Advertisement300 2009-05-20 13 unatl.o com Designed fbfW m'-ti npWi f^^^V malLcnm Deigned tftHyJ 'Hi Designed I n for Ma Hcmr:ilHi[iiMir:iii^>^^T^L IMOKIA /V i Eseries I r 1 i I fi I I) Emailed with ease fr^- r from my Nokia Eseries. i i c _R _t_ y v i op Whether it's staying300 words
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ECONOMY WATCH
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Article, Illustration599 2009-05-20 14 ANTHONY ROWLEY - ANTHONY ROWLEY It doesn't make sense to maintain massive reserves for self-insurance By in Tokyo ASIA can afford to use some of its huge foreign exchange reserves to develop its own economies now that the International Monetary Fund is in a positionBLOOMBERG - 599 words
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Article, Illustration479 2009-05-20 14 -AP [SEOUL] The United States may emerge from recession as early as this summer, though further job losses mean a "depressed economy" could last as long as five years, Nobel Prize-win-ning economist Paul Krugman said yesterday. "I think it's quite possible that-AP; REUTERS - 479 words
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469 2009-05-20 14 NYT, AFP Instead, he calls for broader reforms of compensation [WASHINGTON] US Treasury Secretary Timothy Geithner said on Monday that the government should not impose caps on executive pay at institutions that receive federal bailouts, but instead should set policies that discourage all– NYT, AFP - 469 words
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434 2009-05-20 14 Reuters [WASHINGTON] The Obama administration wants to explore new trade vistas in the Asia-Pacific region once it has dealt with challenges it inherited, including a deal with Panama and a global trade pact, US Trade Representative Ron Kirk said on Monday.– Reuters - 434 words
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Advertisement163 2009-05-20 14 Fares shown are per person for a Business Class round trip inclusive of airport tax, insurance and fuel surcharge correct as of date of publication and may be subject to change due to currency fluctuation Sales Period is from now to 28 May 2009 Travel Period is from now to163 words
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MALAYSIA/INDONESIA
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242 2009-05-20 15 -AP [KUALA LUMPUR] A group of ethnic Indian activists announced yesterday the creation of a new political party to fight for racial equality for the minority in Malaysia. The Malaysia Makkal Sakti Party (MMSP), or Malaysia People's Power Party, appears to have the blessing-AP - 242 words
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359 2009-05-20 15 PAULINE NG - PAULINE NG Petroleum, computer, iron and steel products hit hardest by demand slide By in Kuala Lumpur THE value of sales by Malaysia's manufacturing sector shrank 25.5 per cent or RM12.5 billion year on year in March to RM36.6 billion (5515.2 billion), as refined petroleum359 words
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280 2009-05-20 15 AFP [JAKARTA] An Indonesian paper company is planning to log an area of unprotected jungle which is being used as a reintroduction site for about 100 critically endangered orangutans, activists said yesterday. A coalition of environmental groups said that a joint venture between Asia PulpAFP - 280 words
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405 2009-05-20 15 Tourism, agriculture, and energy sectors will be main focus [PETALING JAVA] Malaysia's first state-established sovereign wealth fund, Terengganu Investment Authority (TIA), with an initial fund of RMII billion (554.56 billion), has identified several high-impact investment projects in the tourism, energy and agriculture sectors in405 words
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Advertisement76 2009-05-20 15 B PHOENIX Make an affordable call r\/~yj Australia \V *^**7^^ \^N china (^S^ 1 Germany I I Hong Kong F" ff I /v) I iCTT\\ I Japan J ■Skr^l V I \S^ Malaysia \^^\^l^sjr New Zealand X. I 1 \Js^ Taiwan I I y^ UK \k Ul™3£trafeinM Call 6838 151676 words
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GREATER CHINA
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Article, Illustration623 2009-05-20 16 -AFP Brazilian president likely to suggest dumping US dollar in bilateral trade [BEIJING] Brazil's president said yesterday in China that the two nations had achieved a century's worth of results in a mere generation, as he witnessed the signing of several large business-AFP; AP - 623 words
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342 2009-05-20 16 -AFP [BEIJING] China has given the green light for Bank of East Asia and HSBC to issue yuan bonds in Hong Kong, state media said yesterday, the first time fo-reign-invested lenders have been allowed to sell such debt. It would also give Beijing-AFP - 342 words
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323 2009-05-20 16 AP Proceeds from the sale will help the lender boost its reserves in preparation for a share listing [SHANGHAI] Agricultural Bank of China, the country's main rural lender, says it raised 50 billion yuan (5510.7 billion) in a corporate bond sale, theAP - 323 words
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Advertisement98 2009-05-20 16 FC**~ He/, Utwvyl Register *^k iAAe behove I June 2Ooft Vo 1 t evy<^^iMeenvuA4WHvv\e... i H*iviv\g put- lv\ so «*\ucIa e££ov+ lv\ youv cov\cepHov\jouw\ey ev\A <Nercov\\ys fke .Aoubfevs, you \no\AA»\\- \a>&>\¥ \-o t*\lss Hus I<nsf cU«nKce Vo ■^a UP^ veglsVev yoow bv<nlv\cUil<A -Pov c<*s\\ <*yJ< $o*y- Cov\e cdebv<*fe youv e>cclHv^98 words
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Advertisement219 2009-05-20 17 Rutgers Business School Singapore Congratufations to the graduating 'Executive 'MB'A Cfass of 2009 Fernando Arroyo Fassio Richard Edward McVoy 111 Vincent Chee Cheng Mm Moh Tiing Liang Kym Ching Tuan Gim Noel Patrick Moore Chong Wei Pang Mark Robert Nickerson Chow Kwong Leong Nurhayati Omar Lawrence Duran Stephane Pierre Henri219 words
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GREATER CHINA/INDIA
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Article, Illustration631 2009-05-20 18 Bloomberg Hong Kong govt is in final stages of finding a replacement [HONG KONG] Joseph Yam, who led a US$l5 billion defence of the Hong Kong dollar at the height of the Asian financial crisis, will step down as chief executive of– Bloomberg - 631 words
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Article, Illustration511 2009-05-20 18 Reuters [NEW DELHI] Indian Prime Minister-elect Manmohan Singh yesterday vowed to revive growth and spread the benefits of economic expansion that swept his coalition back to power with a decisive mandate in a general election. Mr Singh, 76, formally elected by lawmakers of his– Reuters; AP - 511 words
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873 2009-05-20 18 -NYT ANALYSIS Rocketing stocks forced exchanges to shut temporarily [NEW DELHI] Investors in India, exuberant over the ruling party's commanding victory in the country's month-long election, sent stocks rocketing on Monday so fast and so far that they forced the temporary shutdown of-NYT - 873 words
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Page 18 Advertisements
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Advertisement46 2009-05-20 18 19 21 May 2009 Suntec Singapore www.cityscapeasia.com 10am-6pmDaily CITYSCAPE M Business Card Required For Entry Asia's Premier International Real Estate Investment Development Event ASIA Gold Sponsor Endorsed by Held in Organised by CALA ®Sr°w MENT SB SinvSpSre CITYSCAPE ff| 'N —^IrtUIHUKIIY rc=^,= J f BUILDING BUSINESS46 words
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WORLD
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Article, Illustration596 2009-05-20 19 Bloomberg Gordon Brown proposing major changes in the way the system operates [LONDON] Michael Martin has resigned as Speaker of the House of Commons in Britain's widening parliamentary expenses scandal, the first time the legislature's presiding officer was ousted since 1695. Mr■ Bloomberg; AFP - 596 words
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372 2009-05-20 19 Reuters LATEST US DATA [WASHINGTON] New US housing starts and permits unexpectedly fell to record lows in April, a government report showed yesterday, denting hopes that stability in the housing market was imminent. The Commerce Department said housing starts fell 12.8 per■ Reuters - 372 words
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511 2009-05-20 19 Reuters [WASHINGTON] A bill to curb sharp practices in the credit card business was on track for approval by the US Senate as early as Tuesday, with President Barack Obama expected to sign it into law before the end of the month. Enactment– Reuters - 511 words
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365 2009-05-20 20 -AP Average forecast of seven economists puts Q1 contraction at 15.8% annual pace [TOKYO] Japan's economy likely suffered its worst contraction last quarter, the government is expected to report today, as exports plunged and companies slashed production. Gross domestic product (GDP), or the-AP - 365 words
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531 2009-05-20 20 Reuters Move will directly regulate emissions for the first time [WASHINGTON] US President Barack Obama was yesterday due to propose the most aggressive increase in US car fuel efficiency ever in a policy initiative that would also directly regulate emissions for the first time– Reuters - 531 words
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Article, Illustration544 2009-05-20 20 -AFP It might lose some teams due to FlA's budget caps proffer [MONTE CARLO] Formula One may face a prolonged crisis over budgets and regulations before a dramatic endgame decides if Ferrari, and the sport's other disenchanted major manufacturers, rejoin for 2010. That-AFP; REUTERS - 544 words
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Advertisement1547 2009-05-20 19 V*^ k ATV^T'T^-rl r" Toll free: 1800-289-8822 v l^kll «H Email: notices@s Ptlcom- s 9 JL^I V^*/ JL IV I www.cats.com.sg STTES4 S S>NB4OL Registered Office: Piazza San Carlo, 156,***** Torino. Secondary Registered Office: Via Monte di Pieta, 8,***** Milano. Intesa Sanpaolo S.pA Singapore Branch: 6Temasek Boulevard #42-04/05, SuntecTower Four,1,547 words
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Advertisement1553 2009-05-20 20 V#^L kt/A^TT/nr r> To"free: 180°-289-8822 V IVIII I L W Email: notices@sph.com.sg J_ V^^/ J_ _L^_> 'kj www.cats.com.sg Lloyds TSB Bank pic at 31 December 2008 for the year ended 31 December 2008 2008 2007 2008 2007 million million million million Assets Interest and similar income 17,569 16,874 Cash and1,553 words
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Page 21 Advertisements
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Advertisement4265 2009-05-20 21 w MAIS JL^I V^>/ JL JLVj JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg /BW(8&& ABN AMRO Holding N.V. I \j^y RANK nFTHINA Incorporated in the Netherlands tJAIVH. Ut1 tHI.^A Head Office: GustavMahleriam 10,1082 PP Amsterdam, The Netherlands Head Office IFuxingmen, Nei Dajie^ s ßeuing *****8 People^ Republic of4,265 words
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TransportHUB
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Article, Illustration924 2009-05-20 22 DAVID HUGHES - DAVID HUGHES STRAIT TALK By AN incident that took place in the Gulf of Aden on Sunday should give food for thought. The Dubai Princess, a 115,485 dwt crude oil tanker, was travelling through the danger zone when a speedboat carrying half-a-dozen piratesREUTERS - 924 words
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785 2009-05-20 22 LUCIEN WONG - LUCIEN WONG By IN 2008, the Singapore port was again the world's top port in terms of shipping tonnage, container throughput and bunker sales, despite the economic downturn. Yet it is among the safest and most efficient ports in the world.785 words
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490 2009-05-20 22 Reuters Bahamas firm expects excess supply in current recession will lead to substantial underpricing [CHICAGO] After years of sky-high order books, a surfeit of dry bulk ships in the current recession means that companies like Ultrapetrol Bahamas Ltd should be able to buy– Reuters - 490 words
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302 2009-05-20 22 Reuters [KUALA LUMPUR] Pirate gangs in the Strait of Malacca can be "struck down" within the next five years if the current aggressive pace of enforcement is maintained, a senior Malaysian maritime security official told Reuters. Abdul Rahim Hussein from– Reuters - 302 words
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TRANSPORT STOCKS
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Article102 2009-05-20 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.49 0.23 1.16 0.50 1.28 0.44 0.06 ....unch102 words
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Article36 2009-05-20 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.79 8.50 8.40 3.20 2.70 0.03 0.11 0.02 150 0.15 2690 0.05 1030 0.04 462 0.02 7 unch 136 unch *****36 words
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Article23 2009-05-20 22 '000 19 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 16.00 unch unch unch 0.75 unch unch 71! 576!23 words
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Article22 2009-05-20 22 Evergreen Marine ...17.60 :irst Steamship 47.50 /Van Hai Lines 18.10 t'ang Ming Marine...12.60 -0.05 -1.35 1.15 -0.30 28 18 25 5122 words
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Article38 2009-05-20 22 '000 'en :awasaki Hvy Ind ..207.00 :awasaki Kisen 386.00 /litsubishi Hvy 329.00 /litsui Eng&Sbldg...220.00 /litsui Osk Lines 620.00 Jippon Express 387.00 JipponYusen 424.00 5.00 888( 2.00 524! 5.00 ***** 5.00 526: 7.00 1886: 19.00 3561 4.00 723:38 words
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TRANSPORT HUB: AVIATION
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521 2009-05-20 23 YEN SREENIVASAN - YEN SREENIVASAN Airline revenue hit much more than passenger numbers: lata By THE worldwide slide in sales of business and first class airline seats slowed slightly in March, but demand remains extremely weak, especially in the Asia-Pacific region, according to the latest521 words
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Article, Illustration404 2009-05-20 23 -AP [DALLAS] More than 70 airports in the US and Europe threw their support on Monday behind a bid by American Airlines and British Airways to cooperate on trans-Atlan-tic flights without fear of breaking antitrust laws. Executives of many large and small airports echoed the-AP; AP - 404 words
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Article2587 2009-05-20 23 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: 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:2,587 words
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605 2009-05-20 23 -AP US Congress acts to address complaints over flight delays [NEW YORK] After nearly a decade of failed efforts to win rights for airline passengers, advocates may finally score some modest gains. Congress is considering three initiatives: requiring the airlines to provide passengers stuck-AP - 605 words
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TRANSPORT HUB: MOTORING
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Article, Illustration619 2009-05-20 24 SAMUEL EE - SAMUEL EE Korean brands Hyundai and Kia put up strong shows in a weakening market By SINGAPORE'S passenger car market will shrink by about a quarter this year but that does not mean it is going to be equal suffering for all makes. A fewAFP - 619 words
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318 2009-05-20 24 PASSENGER car sales of most Japanese makes here have been falling in line with the shrinking market size. For example, the year-to-date volume of official Honda imports has fallen by 46 per cent compared to the same period last year. From January to318 words
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Page 23 Miscellaneous
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Miscellaneous364 2009-05-20 23 CRYPTIC CROSSWORD ACROSS 7 Lifejacket could make me iI j H 13 H4 I He t. j. philosophical outlook (7) 10 I'd had back injury before __BH__HH__HH__BH__^H__^H__HH__ 11 Very helpful person in a new 12 Foreign money given to ~\2\ 1:3 f P^T Home Counties faculty (5) _^J_L I~^~m J~~^J~^~^J~~364 words
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Page 24 Advertisements
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THE BUSINESS TIMES BANKING & FINANCE 2009
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Article, Illustration792 2009-05-20 25 CONRAD TAN - CONRAD TAN Wee Ec Cheong, UOB deputy chairman and chief executive, shares his thoughts on the challenges ahead and the outlook for the banking industry in Singapore. By Q: Do you think the worst of the economic downturn here is over? Why or whyFILE PHOTO - 792 words
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Article, Illustration1028 2009-05-20 26 DAVID CONNER, chief executive, OCBC Bank BT: Is the worst of the downturn over? What about the "green shoots" that everyone's talking about? Mr Conner: There are positive signs. But I think one has to be a little bit careful are those signs comingFILE PHOTO - 1,028 words
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Article, Illustration815 2009-05-20 26 JONATHAN LARSEN, Singapore country head, Citigroup BT: Do you think the worst of the downturn here is over? Why or why not? Mr Larsen: Conditions in the global economy are looking better. After five months of declines in output, recent data point toFILE PHOTO - 815 words
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Article, Illustration720 2009-05-20 26 KOH BOON HWEE, chairman, DBS Group (Mr Koh is overseeing the management of the bank while it searches for a new CEO.) BT: Do you think the worst of the downturn here is over? Why or why not? Mr Koh: Yes, I doFILE PHOTO - 720 words
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Article, Illustration633 2009-05-20 26 LIM CHENG TECK, chief executive. Standard Chartered Bank in Singapore BT: Do you think the worst of the downturn here is over? Why or why not? Mr Lim: Globally, 2009 will continue to be a difficult year but there will beFILE PHOTO - 633 words
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Article, Illustration1540 2009-05-20 28 CONRAD TAN - CONRAD TAN The industry is undergoing a transformation amid the global financial crisis and heads of private banks here offer insights into the changes taking place and give their outlook for the future. By MORE than one year into the financial crisis, parts of the1,540 words
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Article, Illustration1068 2009-05-20 29 coimrad taim - coimrad taim ÜBS's investment banking heads in Asia tell why they are 'very bullish' about prospects for the business this year THE outlook for investment banking in Asia is still bright despite the financial crisis, senior bankers at ÜBS say. David Chin and Matthew1,068 words
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703 2009-05-20 29 GOH CHONG THENG - GOH CHONG THENG By GLOBALLY, Asia is the largest and fastest growing food and agriculture market. Many global companies have long-term perspectives and are still launching projects in Asia, seeing opportunities in this dynamic region. I believe that there is sufficient potential in703 words
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Page 25 Advertisements
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Advertisement187 2009-05-20 25 nThe Standard Chartered Private Bank Connecting our clients to the growth markets of the world. Ik ---iff* A ■^_Jk i .^aflP IbW. W l^M I IV (I r I Ink I /J i m j v ft Through our deep roots and established presence in some of the most dynamic187 words
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Page 27 Advertisements
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Advertisement1022 2009-05-20 27 Credit Agricole Suisse, a strong international Private Bank The strength of a top rated banking group "The Credit Agricole Group has shown solid performance in 2008 Credit Agricole Suisse Private Bank is the main wealth management entity of Credit Agricole Private notwithstanding a difficult market environment, with net profit Bank.1,022 words
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Page 28 Advertisements
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Advertisement675 2009-05-20 28 '£&"*■> _Jtt Bw b!^L BBSS dE'Jfl EESSm y ■W||By**?N£'-1' in WRjET* r—^ till Mfl__Tl S-asl -i IllJi, Ai^lw^ffik HI, iiss mils fl^P^ ■ft \V I VI ■'Ifll I m i Ivl I tSfc^H I^l Why DBS Exchange Traded Funds (ETFs)? Why ABF Singapore Bond Index Fund? ETFs are efficient, transparent675 words
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Page 29 Advertisements
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Advertisement656 2009-05-20 29 l^i ee^ /wm ffli4.iyy« jPfj 5232 jgjijaß^ Why DBS Singapore STI ETF? I Invest in the DBS Singapore STI ETF! I i rTI rTr Contact your broker to invest in the DBS Singapore STI ETF When you invest in our stock-based, index-tracking STI ETF, x J i =i i hsted656 words
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Advertisement90 2009-05-20 30 RIDING OUT THE FINANCIAL STORM... It's about steering a steady course. In more than 200 years of banking and wealth management we have weathered, by our reckoning, more than 40 major crises. Through each one we have stuck to the same, simple idea: long-term value creation and protection for our90 words
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SINGAPORE ARTS FESTIVAL 2009
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Article, Illustration634 2009-05-20 31 New-York based, Singapore-born scriptwriter Chay Yew, delves into Marco Polo's history and life for his upcoming play, reports CHEAH UI-HOON THE Italians in Marco Polo's day had a vivid idea of what China was like, thanks to the 13th century merchant's descriptions of the FarACHILLE LE PERA - 634 words
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Page 31 Advertisements
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Advertisement215 2009-05-20 31 iffi^H^ 111 A Brunch Divine A culinary wonderland unfolded before us; choices aplenty complemented with unlimited Champagne. Freshly-shucked oysters and crustacean Sunday Champagne Brunch on ice beckoned as did the petit canapes and cheese. Meanwhile, succulent roasts and gourmet creations vied for attention alongside breakfast with unlimited Veuve Clicquot favourites.215 words
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EDITORIAL & OPINION
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469 2009-05-20 32 MALAYSIAN Prime Minister Najib Razak has moved swiftly on the economic front by liberalising certain sectors. First, Mr Najib lifted affirmative action requirements embodied in the New Economic Policy, which requires quotas for Malays, on 27 sub-sectors in the services economy. He followed that up469 words
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Article, Illustration1109 2009-05-20 32 ANTHONY ROWLEY - ANTHONY ROWLEY DPJ insists Tokyo should buy only yen-denominated US government debt in future HO now remembers "Carter Bonds", the yendenominated US government debt instruments proposed in the 1970s during the time of then president Jimmy Carter when the world was nervous about aBLOOMBERG - 1,109 words
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Article, Illustration781 2009-05-20 32 FRANK CHING - FRANK CHING THE BOTTOM LINE SINCE Ma Ying-jeou was inaugurated as president on May 20, 2008, tensions across the Taiwan Strait have noticeably subsided and, this week, a Taiwanese official will attend a meeting of the World Health Assembly in Geneva for781 words
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Article, Illustration1322 2009-05-20 33 TIMOTHY HATTON; JEFFREY WILLIAMSON - TIMOTHY HATTON JEFFREY WILLIAMSON A global recession tends to increase anti-immigrant sentiments but such measures are now less likely than in the past By! and TODAY'S global economic crisis has turned a media spotlight on immigration. Sagging labour markets have led to calls for even tougherAFP - 1,322 words
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678 2009-05-20 33 Capt M Segar - Capt M Segar LETTER TO THE EDITOR I REFER to the story by The New York Times titled "Ships Tread Water, Waiting for Cargo" (May 13, 2009), which The Business Times ran on May 14, 2009. The article suggests that there are about 735678 words
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Page 33 Advertisements
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Advertisement103 2009-05-20 33 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Advertisement1196 2009-05-20 33 A MAIS BankofAmerica CONSOLIDATED BALANCE SHEET I CONSOLIDATED STATEMENT OF INCOME (US Dollar amounts In Millions) (US Dollar amounts In Millions) December 31 December 31 2008 2007 2008 2007 Assets Interest Income Cash and cash equivalents 32,857 42,531 Interest and fees on loans and Time deposits placed and leases 56,0171,196 words
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SINGAPORE STOCKS
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Article8902 2009-05-20 34 Transaction date: May 19 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote |h Low Buyer Seller Div Gr Yld C'vr Net P/E M Cap Hi! Com| >an] 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp8,902 words
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Article1607 2009-05-20 35 ligh Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 32 13 8538 t APStrategic 4 05 1501 s Advanced System 10.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 17.9 2 1524 t Alantac 19.5 3.5 7814 s1,607 words
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Article347 2009-05-20 35 _Hm Low Code Conn Sale COM) _Hm Seller C'vr P/E Smil 109 100 6389 ABFSG Bond ETF 109 982 427 CIMBAsean40 100US$ US614 +20 232 149 DBS STI ETF 100 226 +7 2416 1682 DBXT FTChina25 10US$ US2406 3870 3228 DBXT FTVietnam 10US$ US3870 1360 850 DBXTMSTaiwan 10US$347 words
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Article253 2009-05-20 35 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer253 words
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Article9409 2009-05-20 35 UNIT TRUSTS FUNDS I UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.766/ AIGIF Spore Bond Fund/ A 1.236/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.91/ APS Alpha Fund (USD)!** 0.62/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD9,409 words
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Advertisement25 2009-05-20 34 /'*t' l^»3 lP^^^ft4^^^3^^' v WHERE EXTREMES MEET WK^L'-^jl^r^^^'i'j^SL >, ROYAL OAK OFFSHORE COLLECTION m^E^'~ J'&*™!!9S?*Q&L~*, MV^W^--'"*'■' "^'^^m^f/^ For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com Jt£f^z,;-^£& Xs££^~~***'*szi&25 words
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FINANCE & COMMODITIES
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382 2009-05-20 36 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 18 World Index Preliminary 686.2 1.2 1.2 1.1 2.8 1.0 1.1 t EAFE Prel liminai 661.1 0.8 1.8 0.4 2.8 0.4 1.1 Euro[ Prelim382 words
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Article120 2009-05-20 36 As at 9am May 19 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer Sjjstdollar 1.1100 1.1430 .an dollar 1.2500 1.2650 luro 1.9720 1.9950 IZ dollar 0.8640 0.8830 iterlini ind 2.2310 2.2570 JS dollar 1.4560 1.4730 .ocal dollars to 100 units if foreign currency:120 words
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Article152 2009-05-20 36 May 19 )vernight 1/16 I-month 7/16 'months 9/16 3-months 11/16 Overnight mode: 5/16 JS$ Offer 1/32 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.33 0.45 0.80 0 90 1.35 2.00 2.10 Offer 0.23 0.35 0.60 0.70 0.95 1.60152 words
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Article22 2009-05-20 36 May 19 ctf Bid Offer 1-month 1.4603 1.4618 2-months 1.4603 1.4618 3-months 1.4602 1.4618 6-months 1.4601 1.4617 Source: OCBC22 words
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Article59 2009-05-20 36 May 19 lelivery lonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position lun 09 2740 lul 09 2653 <\ug 09 2607 5ep 09 2584 Total o/p: ***** contracts 2740 2766 2730 2684 2708 2652 2630 2665 2605 2605 2637 2583 Turnover: ***** Market tone:59 words
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Article300 2009-05-20 36 May 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3200 99.2750 99.0850 98.9400 5178 3586 3354 3732 EUROYEN TIBOR FUTURES JunO9 99.450 99.455 SepO9 99.510 99.510 DecO9 99.525 99.525 Mar10 Jun10 Sep10 Dec10 Mar11 99.450 99.510 99.525 99.455 99.525 99.530 99.500 99.465300 words
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Article188 2009-05-20 36 May 19 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lunO9 167.0 lul 09 \ug 09 iep 09 DctO9 163.5 \lov09 163.5 166.2 163.5 163.5 167.0 167.0 167.0 167.0 167.0 167.0 100 36 12 12 40 40 837 696188 words
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Article87 2009-05-20 36 May 19 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****X 20.08.09 -Year BY*****W 03.05.10 0.21 0.33 0.19 0.16 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 NYO31OOA 4.000 5-Year87 words
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Article101 2009-05-20 36 May 18 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1146.50 1130.50 1148.25 1113.50 Aug 09 1100.50 1085.00 1101.50 1071.00 Sep 09 1037.00 1023.25 1037.50 1009.75 Nov09 987.00 975.75 988.75 959.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 38.16 37.90 38.23 37.30 Aug101 words
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Article75 2009-05-20 36 CRUDE OIL PRODUCTS May 18 origin^ t/barrel Close Cham irent blend (1-Mth F) 57.55 0.12 WTI (Near Mth) 59.17 2.61 iubai (1-Mth F) 55.86 -1.55 "apis blend 59.03 -1.62 i/linas 58.08 -1.62 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 49.95 61.80 -2.2' -2.5I US$/barrel )pec Oil Basket Price75 words
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Article446 2009-05-20 36 May 19 iuro 'en (on 'eso lam 'ouni Australia 0.894 5.276 0.568 5.992 36.724 79.740 0.747 9.657 2.730 1.281 62.625 36.511 1.130 6.534 0.860 25.406 26.581 0.500 0.773 Canada 1.118 5.901 0.635 6.702 41.073 89.184 0.836 10.801 3.053 1.433 70.042 40.835 1.263 7.308 0.961 28.414 29.729 0.559446 words
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Article65 2009-05-20 36 May 19 mth 0.***** 0.***** mths 0.***** 0.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 0.***** 0.***** mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** mths 1.*****65 words
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Article161 2009-05-20 36 May 19 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: 0.7728 0.7733 Australian dollar 1.1286 1.1304 Canadian dollar 1.2623 1.2642 0.8644 0.8648 iuro 1.9888 1.9908 1.3618 1.3619 IZ dollar 0.8806 0.8829 0.6030 0.6040 Sterlinc md 2.2570 2.2599 1.5455 1.5460 IS dollar 1.4604 1.4618161 words
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Article132 2009-05-20 36 May 19 /oz) !ay_ \ay_ Hong Kong .ondon 927.00 920.30 928.00 921.30 May 15 May 18 932.70 922.20 933.70 923.20 Source: Thomson Reuters CAST BAR (S$) May 19 Buying Sellini Kilobar "46,619.90" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™132 words
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Article63 2009-05-20 36 May 18 iri iiuiii, yy.i (US$/tonne) Close Previous :ash 1483.50 months 1520.00 1487.01 1522.01 Copper, Grade A (US$/tonne) :ash months 4508.50 4520.00 4447.01 4450.01 .ead (US$/tonne) :ash months 1480.00 1490.00 1474.01 1482.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.0163 words
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Article75 2009-05-20 36 May 18 (£/tonne) Close Prev Hii ih/Low ul 09 1581 1608 1614/1570 iepO9 1591 1618 1620/1582 Dec 09 1603 1629 1635/1594 War 10 1610 1636 1626/1604 IOFFEE (US$/tonne) Close Pev High/Low Way 09 1507 1487 1508/1499 ul 09 1529 1510 1543/1504 iepO9 1534 1520 1545/1513 SUGAR (US tonne) White75 words
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2484 2009-05-20 36 BONDS, WARRANTS EXTENDED SETTLEMENT rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left >036Advance SCT Ltd W*****9 3092 Asia Environment W*****4 0.5 susp 0.5 -4.5 50 1 87 2400 7.00 1 38 57 49.00 15 3 1481 Asia Water Tech W*****0 38162,484 words
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Advertisement3055 2009-05-20 37 The Business Times mm Shipping Times A mrn^M KPI Wa\\W" WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M T\~~~m f^^^V m.%M mmma^Kn^^uil VrrA >■ mai i iurr TEL *****588 "4 LINES) FAX: 6224n 63 I A I^*l ill ImE^II^LI BWIISHBfSIBiHBWHiffB l^n>^HM'H<l<llr^>^PWWil Y\^»FB I WAN HAI INt J PKL TEL: (03>3,055 words
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Advertisement2819 2009-05-20 38 r^VHEHQD^^^^^H In E EASTERN CAR LINER, LTD If® SJUJ r///« I lf-~—* specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I r'^^l^^^f^S^}rs»lv^ '"'^^^^''T!^ ISSSa 182 _Ra!a^KH_ t'l'in#T) MUA _ljß_ —^L_ _JIL_ <LM f1 :EP ,m,,, qhkhieß!- I:i iioriherii <ND WEMERII ihdwh ICD POIMS I VESSEL VOY2,819 words
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EXECUTIVE MONEY
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Article, Illustration911 2009-05-20 39 PAUL J LIM - PAUL J LIM NYT If it turns out to be just the start of a short cyclical bull run and not an extended one, the implications for investors are gloomy By IS THE bear market over? It may depend on which bearNYT; BLOOMBERG - 911 words
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Article, Illustration1005 2009-05-20 40 LIM SAY BOON - LIM SAY BOON Long-term investors should look for value on pullbacks and develop a disciplined buying programme THAT notorious manic-de-pressive Mr Market is having another one of his mood swings again. In March, it was "sell, sell, sell" -Armageddon, or at least the New1,005 words
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Article, Illustration834 2009-05-20 40 GENEVIEVE CUA - GENEVIEVE CUA By STRATEGISTS remain generally cautious about the sustainability of market rises, even if they believe that stocks have seen the worst. A correction if it happens is unlikely to touch the previous lows in March, they say. Blackßock vice-chairman and chief investment officerBLOOMBERG FILE PHOTO; AFP - 834 words
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Page 40 Miscellaneous
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Miscellaneous12 2009-05-20 40 EQUITY MARKETS Bear or bull, this rally may not last PAGE 3912 words
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