The Business Times, 28 May 2009

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Microfilm: NL30016
Total Pages: 35
1 35 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|]^l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, May 28,2009
    20 words
  • Article
    Lock icon Panel to help Singapore economy chart new course
    838 1  -  CHEN HUIFEN Layoffs may loom in the short term as firms face lagging productivity levels, says PM Lee By [SINGAPORE] Faced with a structural shift in the world economy and an uncertain outlook that may force companies to lay off more workers,
    838 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      49 1 Inesi lay lange ICOMP 1,047.68 -3.95 MKKEI 225 9,438.77 +127.96 IANG SENG 17,885.27 +893.71 ;et INDEX 555.41 +12.72 JAKARTA COM P 1,892.84 +35.25 IANILACOMP 2,356.38 +46.70 ;eoulcomp 1,362.02 -10.02 ;henzhen B 421.33 +9.25 IUMBAI IND 14,109.64 +520.41 12 noon EDT Change )OW 8,463.78 -9.71 IAS DAI 1,765.07 +14.64
      49 words
    • Article
      Lock icon PRIME RATES
      30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.228 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source: I
      Bloomberg  -  30 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.449 (US$/S$ per 1.598 2.316 ;UR0 (US$/S$/E) 1.398 2.025 Foreign currency per US$ S$ 'EN 95.40 65.80 3.502 2.417 IK$ 7.753 5.352 !AHT 34.38 23.73 lUPIAH 10,315 7,120 lENMINBI 6.830 4.715 INDIAN RUPEE 47.65 32.89 1.272 0.878 IZ$ 1.612 1.113
      45 words
  • Article, Illustration
    Lock icon Genting again rocks the boat at Sentosa
    578 1  -  ARTHUR SIM Move to sell 9% stake means more probity checks prior to licence award By [SINGAPORE] With only months to go before the casino at Resorts World at Sentosa opens, Genting Singapore seems prepared to gamble with its casino licence again by
    BLOOMBERG  -  578 words
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      95 1 More than 250 years of continuous history M E^. Wmmrn mWx^^-C'"' '-.mu~¥sm£7^^%, HWWkj'IH W il HMJIWHMBiiHffIMMSIBiBI i 1 EjafcllL IIT W :^"P^s^:-:: VI BllilliHlH H k H |kJ I/,,- r, ft J kS 13 WMWtom. I v;' Sl" mWlmmmA Hn V:^i'.j-*^A^H WrffiF'' mm^^m*'^Jmmmmm\ L- >^^^V''S??""' .^^^H F ft jfl HGiw.
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      1 1 8"*****l"*****V
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      46 1 SPORE ARTS raPVRH COMPANIES INVESTMENT rv^fck COMMENTARY FESTIVAL IjW&J^^sL^ Spore aims for full IFRS ROUNDTABLE *\~'~*i Metro-astore A night of jazz :\Mi|| alignment by 2012 Green shoots or bear *C and more? page 17 lWmmßt'L£^LMM pages rally? PAGEI6 JHt AGES BCA AWARDS More builders going green
      46 words
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  • TOP STORIES
    • Article
      Lock icon M'sian economy on the road to recession
      653 2  -  PAULINE NG GDP shrinks for first time in years; exports battered By in Kuala Lumpur THE Malaysian economy shrank 6.2 per cent in the first quarter its first contraction since 2001 and there were signs that the decline would continue through the second
      653 words
    • Article
      Lock icon Next Parliament to usher in at least nine opposition voices
      593 2  -  TEH SHI NING PM proposes changes for airing of diverse views; NMP quota also raised By [SINGAPORE] For the past four decades, Singapore has seen no more than four opposition politicians in Parliament at a time. But proposed changes to
      593 words
    • Article, Illustration
      Lock icon SMU student is first case of H1N1 here
      593 2 MOH looking for 60 passengers who sat within 3 rows of her on flight from US By ZEINAB YUSUF [SINGAPORE] Singapore has confirmed its first case of Influenza A (H1N1) in a 22-year-old woman who returned from New York. There is, however,
      AP  -  593 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Panel to help Singapore economy chart new course
        77 2 FACED with a structural shift in the world economy and an uncertain outlook that may force companies to lay off more workers, Singapore will need new long-term strategies for growth and development. And to help it chart its new path, an Economic
        77 words
      • Article
        Lock icon Genting again rocks the boat at Sentosa
        74 2 WITH only months to go before the casino at Resorts World at Sentosa opens, Genting Singapore seems prepared to gamble with its casino licence again by making the regulatory probity process more complicated. Yesterday, Genting Singapore said existing shareholders had sold about 850
        74 words
      • Article
        Lock icon Next Parliament to usher in at least 9 opposition voices
        59 2 FOR the past four decades, Singapore has seen no more than four opposition politicians in Parliament at a time. But proposed changes to Singapore's political system will guarantee at least nine MPs from opposition parties, and up to nine non-partisan
        59 words
      • Article
        Lock icon M'sian economy on the road to recession
        52 2 THE Malaysian economy shrank 6.2 per cent in the first quarter its first contraction since 2001 and there were signs that the decline would continue through the second quarter This could push the country towards its first recession in a decade. TOP STORIES,
        52 words
      • Article
        Lock icon US recession to end in second half: survey
        64 2 THE reeling US economy is poised to emerge from recession in the second half ofthe year, but recovery will be lacklustre, a survey of 45 economic forecasters showed yesterday. The National Association for Business Economics said the survey found that the consensus
        64 words
      • Article
        Lock icon S'pore aims for full IFRS alignment by 2012
        51 2 SINGAPORE plans to fully align its accounting standards with International Financial Reporting Standards for local companies listed here by 2012. The government hopes that the move will make Singapore even more attractive as a major business and financial centre. COMPANY NEWS, PAGE
        51 words
      • Article
        Lock icon Hour Glass posts 37% drop in Q4 earnings
        41 2 THE Hour Glass posted a 37 per cent drop in fourth-quarter net profit amid slumping sales and said that it would focus on its speciality and luxury watch retailing. COMPANY NEWS, PAGE 6
        41 words
      • Article
        Lock icon Building sector urged to look at two growth areas
        57 2 THE building and construction industry here should look at two new growth areas as it forges ahead, Senior Minister of State for National Development and Education Grace Fu said yesterday. She identified complex civil engineering works and sustainable development as two
        57 words
    • Article
      Lock icon US recession to end in second half: survey
      595 4 AFP, Reuters But forecasters see lacklustre rebound posting meagre 1.2% annual pace [WASHINGTON] The reeling US economy is poised to emerge from recession in the second half of the year, but recovery will be lacklustre, a survey of economic forecasters showed yesterday.
      – AFP, Reuters  -  595 words
    • Article
      Lock icon Home resales gain 2.9% in April
      517 4 Bloomberg LATEST US DATA [NEW YORK] Home resales in the United States gained in April as foreclosure auctions and improved affordability spurred bargain hunters. Purchases increased 2.9 per cent to an annual rate of 4.68 million, close to forecasts, from 4.55 million in March,
      Bloomberg  -  517 words
    • Article, Illustration
      Lock icon Wendy's to take a bite out of local fast-food market
      332 4 By JOYCE HOOI [SINGAPORE] Fast-food lovers here will be able to sink their teeth into Wendy's signature square beef patties this year, as the US-based brand moves to take a bite out of the local market. Kopitiam Investment has signed
      REUTERS  -  332 words
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      Lock icon Page 2 Advertisements Column 1
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      57 words
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      805 3 First Only Platinum Winner of the BCA Built Environment Leadership Awards A^Lm^mMLXXW^Lmmmmm. T i^L mm\\\\\WWm\\\\ mmtmmWLr^ <A fcEj r "-iv N II I A-5- I m\W-*\^m mm.tw I I Sflk \\\\\\\\\\\\\\\\..%mmmmmm^. I I I^"^^^"^^^ I I m* 1' dr \*L^ Ifti^^b^ .^ml^^T^ I /lit m V* a. V JmmW 77*
      805 words
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  • Page 4 Advertisements
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      72 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S'pore aims for full IFRS alignment by 2012
      513 5  -  CONRAD TAN But few companies are likely to find accounting standards change burdensome By SINGAPORE plans to fully align its accounting standards with International Financial Reporting Standards (IFRS) for local companies listed here by 2012. The government hopes that the move will
      513 words
    • Article
      Lock icon Golden Agri unveils $311m rights issue
      348 5  -  JAMIE LEE By INDONESIAN palm oil producer Golden Agri-Resourc-es plans to raise $311 million through a 17-for-100 rights issue at an issue price of 18 cents apiece. Investors will also receive two free warrants for every five rights shares. The warrants, which have a
      348 words
    • Article, Illustration
      Lock icon Hour Glass posts 37% drop in Q4 earnings
      543 6  -  JAMIE LEE Company to focus on speciality, luxury watch retailing, shed unprofitable brands By THE Hour Glass posted a 37 per cent drop in fourth-quarter net profit amid slumping sales and said that it would focus on its speciality and luxury watch
      FILE PHOTO  -  543 words
    • Article
      Lock icon Metro – a store and more?
      541 6  - Metro a store and more? ARTHUR SIM AFTER courting the spotlight for about a year now, Metro Holdings appears to be getting the attention it has been seeking. At its financial results briefing held on Monday, the conference room at the head office in Ngee Ann City was brimming with
      541 words
    • Article, Illustration
      Lock icon Analysts preach caution despite rising share prices
      378 9  -  TEH SHI NING Fundamentals still show weakness, says head of OCBC investment research By RISING share prices, fuelled by talk of "green shoots" in the economy, could be running ahead of fundamentals, say OCBC analysts. Head of investment research Carmen Lee observed that
      FILE PHOTO  -  378 words
    • Article
      Lock icon Willas-Array posts FYO9 loss of HK$19.7m
      369 9  -  MICHELLE YEO Group says H2 sales fell 24.3%, cites economic crisis By WILLAS-ARRAY Electronics (Holdings), a Hong Kong-based distributor of electronic components, suffered a net loss of HK$l9.7 million (553.7 million) for its full year ended March 31, 2009 as a result of many
      369 words
    • Article
      Lock icon BT pitching in for bigger Invest Fair '09
      333 9  -  OH BOON PING By THIS year's Invest Fair, an annual investment event, promises to be an even bigger one with a strong line-up of speakers and increased participation from financial institutions here. To be held at Suntec Convention and Exhibition Centre on
      333 words
    • COMPANY BRIEFS
      • Article
        Lock icon Swissco divests 2m shares in Swiber
        85 9 SWISSCO said it divested 2 million shares in Swiber Holdings at an average price of $1,039 per share in the open market on Tuesday. Following the divestment, Swissco's equity interest in Swiber has been reduced from 7.6 per cent to 7.13 per cent. The
        85 words
      • Article
        Lock icon CSC full-year net slips 6% to $42.5m
        90 9 CSC Holdings said net profit declined 6 per cent to $42.5 million for the financial year ended March 31, 2009. It posted a 17 per cent increase in revenue to $568.1 million. The results were buoyed by an exceptionally strong first-half performance, but
        90 words
      • Article
        Lock icon Sky One net plunges 94%toHK$1.1m
        63 9 SKY One Holdings, a Hong Kong-based total logistics provider, has reported a 94.3 per cent fall in net profit to HK$l.l million (*****,000) for the twelve months ended March 31, 2009. Group revenue was down 14.6 per cent to HK$lO7 million, mainly due to a
        63 words
    • Article
      Lock icon JEL financial controller, 3 former execs charged
      347 9  -  VINCENT WEE By THE group financial controller and three former senior executives of consumer electronics group JEL Corp (Holdings) were charged in court yesterday, following a probe by the Commercial Affairs Department (CAD). In a statement to the Singapore Exchange yesterday, JEL did
      347 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      160 5 d SATS Interested parties are invited to submit offers on an "as is where is" basis for the assets belonging to a company engaged in the electronics manufacturing services. Brief details of the assets offered for sale are as follows: A. Plant and Equipment Include various plant and equipment used
      160 words
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      Lock icon Page 5 Advertisements Column 2
      1909 5 «jj-%l -mv X^l \^>/ J. IV- il' Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg ZtM BNP PARIBAS The bank for a changing world ™~™*tt^_ .mmmmmmmmmmmmmm-mmm-mmmmmmMmmmmmmmmmmmmm, In millions of euros 31 December 2008 31 December 2007 Chairman ASSETS Michel pEBEREAU Cash and amounts due from central banks and post office banks 39,219
      1,909 words
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  • Page 6 Advertisements
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      2022 6 X^l \m^r A. -L^^-> Wmi l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg #1?"" FORTIS BANK S.A./N.V. FORTIS (INCORPORATED IN BELGIUM WITH LIMITED LIABILITY) Consolidated Balance Sheet Consolidated Profit and Loss Auditors' Report Account j oint statutory Auditors' Report to the General Shareholders' Meeting on the Consolidated Financial m cur
      2,022 words
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  • Article, Illustration
    Lock icon A Tour de France of luxury
    723 7 There is no better place to enjoy the luxe life than in France, which has charmed travellers with its romantic offerings for centuries. Visitors can indulge their passion for beauty, excellence and well-being to their hearts' content in the country. France offers plenty of
    TOURISME ALSACE / CIVA  -  723 words
  • Article, Illustration
    Lock icon Enjoy the finer things in life with Singapore Airlines
    268 7 A trip to France to experience luxury living in the country can begin right on the airplane when you fly with Singapore Airlines. Singapore Airlines, the first in the world to fly the Airbus A3BO, is adding Paris to the list
    268 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      137 7 A SPECIAL FEATURE BROUGHT TO YOU BY SinGAPORE AIRLinES A great way to fly Mil Iff il nWm&gW mmw/ aS.\w IW*™^ r"°T—^.;' 3'wHr' w_^r' <t^OmT W%& >:""r- vvv^^ "^A-: 7.:::.:':: X. .mm.lfm-r \a^^ V:&S!mmmmTT^~^; Sjf s/nc -^J2r teljlfTl -i Singapore Airlines A3BO I^Jprf* 11 'cl Business Class tickets a holiday
      137 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI follows Wall Street HK jump
      606 8  -  R SIVANITHY STOCKS US stocks open trading week with average gain of 2.5% by major indices, drive Hang Seng up more than 5% WALL Street's surprising Tuesday bounce spilled over into this part of the world yesterday, driving the Hang Seng Index up more
      : Bloomberg  -  606 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      90 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 16 0 3 0 0 0 16 0 3 lanufacturing 91 36 60 12 97 44 72 Commerce 42 19 46 21 'pt/Stor/Comms 25 28 :inance 23 23 Construction 13 14 'roperties 42 42 lotels/Rsts iervices
      90 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 28.982 28.982 78.657 78.657 lanufacturing 559.347 79.824 639.171 328.042 4.900 332.942 Commerce 267.862 1.245 269.107 108.638 146 108.784 "pt/Stor/Comms 210.632 4.667 215.299 277.430 619 278.050 :i nance 51.810 51.810 313.392 313.392 Construction 192.743 2.723 195.466 38.487 181 38.668 'roperties
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 3.790 +0.350 lapitaMall 1.330 +0.040 jtyDev 9.030 +0.930 lomfortDelGrc 1.270 -0.010 losco Corp 1.200 +0.010 IBS Grp 11.800 +0.360 :&N 4.090 +0.070 ienting SP 0.710 -0.155 iolden Agri 0.425 -0.025 IK Land 3.380 +0.040 IMH 24.400 +0.400 ISH 13.840 +0.160 lardineC&C 16.300 1.400 Ceppel Corp
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      940 8  -  JAMIE LEE Singapore Exchange May 27 close: $7.31 DMG PARTNERS SECURITIES, May 27 THERE was a sharp pick-up in stock market turnover over the past two-three months. From February 2009's average daily trade (ADT) of $831 million, it has risen to April 2009's $1.3 billion. For the first
      Bloomberg  -  940 words
    • Article, Illustration
      Lock icon Yen eases as US investor confidence picks up
      544 8 Reuters CURRENCIES [TOKYO] The yen fell yesterday as an improvement in US consumer confidence re-invigorated investor interest in betting on riskier assets, including currencies seen likely to benefit quickest from economic improvement. The sterling pound climbed to a six-month high against the
      – Reuters; BLOOMBERG  -  544 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      58 8 CLOSE BT OB/OS 196.00 +53.0 BT CADI -*****.00 +223.0 BT 10-day MA -*****.00 +20.00 FTSE ST Mid Cap 506.69+14.65 FTSE ST Small Cap 432.12+11.85 FTSE ST All Share 560.71 +16.29 FTSE ST China Top 238.18 +5.14 FTSE ST China 232.83 +4.29 UOB Catalist 95.52 -0.68 SIMSCI 278.03
      58 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 1,734,655,000 Golden Agri 154,418,000 Abterra 79,840,000 Synear 68,311,000 China Hongxing 65,184,000 Sing Hldgs 63,628,000 Capita Land 54,316,000 AusGroup 51,614,000 Celestial 45,949,000 Yongnam 44,187,000 VALUE(S) Genting SP 1,248,592,606 Capita Land 199,399,970 DBS Grp 99,227,960 SGX 95,276,380 Sing Tel 78,715,400 Golden Agri 67,209,525 UOB 63,980,080 CityDev
      57 words
    • Article
      Lock icon RISES
      111 8 CLOSE UP 1630 140.0 9.4 Jardine C&C DBXT MSTaiwan 10US$ 1388 104.3 5.5 China H 10US$ 1340 104.3 5.7 Citi 903 93.0 11. Citi ES.0906 902 78.0 9. DBXT FTVietnam 10US$ 4464 72.4 1.1 OCBCO 5.1%NCPS 100 9120 70.0 0.: at ES.0905 890 69.0 8.. JMH 2440 57.9 1.7
      111 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN 8934-532.9 -4.0 DBXT Ni 10US! DBXT S&P Short 10US! 6942-243.3 -2.4 STXPO 100 1398 -42.0 -2.9 OCBC Bk4.5%NCPS 100 8950 -20.0 -0.2 Gentini SP 71 -15.5 -17.9 Gentini SP.ES.0906 72 -14.5 -16.: DBS BNP eCW*****6 135 -14.0 -9.4 Gentini SP.ES.0905 72 -14.0 -16.3 STI 2250
      126 words
    • Article
      Lock icon CURRENCIES
      84 8 Where S$ stands May 27 CHNG CLOSE FRMay26 YR2009 S$ LOW S$ HIGH USS 1.4522 0.10 1.5579 1.4308 Euro 2.0196 -0.06 2.0732 1.9150 Pounds 2.3187 -0.95 2.3187# 2.0356 AS 1.1362 -1.03 1.1362# 0.9453 Yen* 1.5248 0.40 1.7278 1.4831 Rupiah* 0.***** -0.09 0.***** 0.***** Baht* 4.2234 -0.20 4.3390 4.1040 Peso*
      84 words
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      245 9 Ib^^^b r' me ocat' on fpee hold plot with design and construction plan approved j«& I Land Area 38,7505qft with approved built-up Area of 1.1 million sqft and Net Saleable Area 875,000sqft ■fir 5 >K\ I Permission for Ground 6Flr parking 40Res Fir Health Club Floor Service Floor (includes approx.
      245 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Building sector urged to look at two growth areas
      442 10  -  UMA SHANKARI Grace Fu spotlights complex civil engineering works, sustainable devt By THE building and construction industry here should look at two new growth areas as it forges ahead despite the economic downturn, Senior Minister of State for National Development and
      442 words
    • Article
      Lock icon Lasalle opens city campus
      154 10 LASALLE College of the Arts officially opened its new city campus yesterday with guest-of-honour Minister for Education Ng Eng Hen gracing the event. Established 25 years ago, Lasalle today is housed in a multimillion dollar state-of-the-art campus in the heart of Singapore, and looks set to
      154 words
    • Article
      Lock icon Fund to incubate innovative start-ups
      386 10  -  OH BOON PING By A $12 million incubator fund has been launched to help Singapore-based start-ups that offer highly innovative products find their feet. The Incubator for Disruptive Enterprise And Start-ups (IDEAS) fund leverages on the research of Harvard academic Clayton Christensen to identify companies
      386 words
    • Article
      Lock icon Visitor arrivals down 6.1% in April
      262 10 VISITOR arrivals in April feU for the 11th straight month year on year. But the 6.1 per cent dip was smaller than the dou-ble-digit monthly slides in January, February and March. April's smaller contraction was due to double-digit growth in arrivals from Hong Kong,
      262 words
    • Article, Illustration
      Lock icon S'pore sets its sights on robotics pie
      405 10  -  JOYCE HOOI By SINGAPORE is gearing up to cut itself a slice ofthe global robotics industry pie that was worth US$l7.3 billion last year and is expected to grow at a fast clip. While the industry is in its emerging phase in Singapore
      405 words
    • Article
      Lock icon Circle Line opens with 5 stations
      354 10  -  JOANNE TANG By THE Circle Line was launched yesterday by Deputy Prime Minister Teo Chee Hean, at the Bishan station. However, only five ofthe 29 stations namely Bartley, Serangoon, Lorong Chuan, Bishan and Marymount will be operational. Estimated daily ridership will be about 55,000
      354 words
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      171 10 mmmi I tahlat Wm V ®/X*' S^mtm THE HEARTBEAT OF THE INDIAN COMMUNITY Present this advertisement to enjoy a I $^5«90 •V^ FREE CAPPUCCINO Fk\ I MICG WW. with minimum $30 spent. Valid till 15/6/09 'vj JYIIOO Biw^S^ ipjl!|jj|llil W\^ Bollywood j *s>.^fli^,. IPL wants ij^l Blue Mountains W^Bj i
      171 words
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      Lock icon Page 10 Advertisements Column 2
      77 10 THE MONETARY AUTHORITY OF SINGAPORE 11 Tenor Approximately 10 years Total Amount Allotted SGD 2,000,000,000 Amount Allotted to Non-Competitive Applications SGD 534,836,000 Of which allotted to MAS SGD 400,000,000 Total Amount Applied SGD 3,458,991,000 Coupon Rate 2.500% p.a. Cut-off Yield Price 2.53% p.a. and (on Allotment 99.736% Average Yield Price
      77 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan's export decline slower than forecast
      539 11  -  ANTHONY ROWLEY April trade balance swings back into surplus, but analysts remain cautious By in Tokyo THE dramatic collapse in Japan's exports that has hammered industrial output this year and pushed the world's second largest economy into deep recession showed signs of easing in
      AP; Finance Ministry, AFP  -  539 words
    • Article
      Lock icon Brazil enjoys current account surplus in April
      571 11 Reuters [BRASILIA] Brazil posted its first current account surplus in 18 months in April after the trade surplus swelled and foreign companies operating in the country trimmed profit remittances. The current account posted a surplus of US$l46 million last month, compared with a
      – Reuters  -  571 words
    • Article, Illustration
      Lock icon More in WTO support an early Doha deal to tackle protectionism
      692 11 Reuters Political atmosphere in negotiations has improved, says Lamy [GENEVA] A group of exporting countries drummed up support on Tuesday to reach a deal soon in the World Trade Organization's (WTO) long-running Doha round as the best way to
      ■ Reuters; REUTERS  -  692 words
    • Article
      Lock icon Worried Fed directors kept rates unchanged
      289 11 Reuters [WASHINGTON] Concern over the economic outlook prompted the directors of all 12 regional Federal Reserve banks to vote to keep the discount rate unchanged at 0.5 per cent in April, according to documents released by the Fed on Tuesday. Minutes of discount rate
      ■ Reuters  -  289 words
    • Article
      Lock icon Aussie economy improves in March
      281 11 -AFP But it remains 'deep in recession territory': index [SYDNEY] Australia's economic outlook improved slightly in March, but remained "deep in recession territory", according to figures released yesterday. The Westpac-Mel-bourne Institute leading index, which indicates the likely pace of economic activity three to nine months
      -AFP  -  281 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Mas Selamat held in M'sia under ISA
      257 12 [KUALA LUMPUR] Singaporean militant Mas Selamat bin Kastari, who was captured in Malaysia last month, has been detained under security laws for a two-year term, Malaysian Prime Minister Najib Razak said yesterday. Mas Selamat the alleged head of the Singapore cell of Jemaah
      FILE PHOTO  -  257 words
    • Article
      Lock icon Anwar sues foreign minister over bribe claim
      360 12 -AP [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim filed a US$2B.5 million defamation suit yesterday against the foreign minister for saying that Mr Anwar had tried to bribe him to join his party. Mr Anwar's lawyer filed the lawsuit in the Kuala Lumpur
      -AP  -  360 words
    • Article
      Lock icon Palm oil Droducers ikely to boost output
      381 12 Bloomberg Move likely in 2nd half as soya-bean shortage helps push up oilseed prices [JAKARTA] Indonesia and Malaysia, the world's two largest producers of palm oil, may boost output in the second half to take advantage of a shortage of soyabean oil, PT
      Bloomberg  -  381 words
    • Article
      Lock icon Tanjung Offshore bids for 30 projects in 2009
      250 12 [KUALA LUMPUR] Tanjung Offshore Bhd, an integrated oil and gas service provider, has bid for some 30 projects this year, says a report in Malaysia's Business Times, quoting its managing director Omar Khalid. "Almost 70 per cent of our bids are domestic
      250 words
    • Article
      Lock icon Indonesia picks 7 banks for samurai bond sale
      259 12 Bloomberg [JAKARTA] Indonesia, South-east Asia's biggest economy, hired a group of seven banks to help sell its first samurai bonds, according to two people with direct knowledge of the matter. The government selected Daiwa Securities Group Inc, Nomura Holdings Inc, Nikko Citigroup
      Bloomberg  -  259 words
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      2111 12 X^i V^>/ J. J_^^>-Ljl3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg y^DDC sb^C M *W Head office: 36 St Andrew Square, Edinburgh EH2 2YB m m MMMw mmw The Royal Bank of Scotland Singapore Branch: 1 George Street #10-00 Singapore *****5 The Royal Bank of Scotland Croup Tel: 65-6517-5600 Fax: 65-6225-9827
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Plan to boost Shenzhen-HK links gets nod
      439 13 Reuters China eyes global hub for distribution, transport, trade and innovation [SHANGHAI/HONG KONG] China has mapped out a plan to link its southern boom-town of Shenzhen with Hong Kong to build a global centre for transport, distribution, trade and innovation, as it seeks
      – Reuters  -  439 words
    • Article, Illustration
      Lock icon India plans more spending this year to support growth
      482 13 Bloomberg New finance minister aims to revive annual growth to about 9% [NEW DELHI] India's Finance Minister Pranab Mukherjee said the government will continue to step up spending this year to support growth, risking a wider budget deficit. "Growth and employment
      Bloomberg  -  482 words
    • Article
      Lock icon Recovery not certain: China's central bank
      227 13 Reuters [BEIJING] China's economy has seen signs of improvement but still faces considerable downward pressure, the People's Bank of China said yesterday. The central bank said in a report on region-by-region financial conditions that the global economic crisis was still spreading and that China's
      ■ Reuters  -  227 words
    • Article, Illustration
      Lock icon Bharti-MTN tie-up seen likely this time
      665 13 AFP [NEW DELHI] Will India's top mobile company, Bharti Airtel, be able to get South African flagship telecoms firm MTN to the altar after their attempted union failed last year? The outlook for a tie-up looks brighter this time round, analysts say. MTN entered
      AFP; BLOOMBERG  -  665 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      1082 13 mmtnf rT/ATT/nrr Toll free: 1800-289-8822 k9^-- \^tm\ fl Iff l-t Email: notices@sph.com.sg JL V^-/ JL JL^^ 1' \J www.cats.com.sg HSBC Private Bank (Suisse) SA Annual Results for 2008 I Balance Sheet Statement of Income (In CHF thousands) (In CHF thousands) as at December 31 Year Ended December 31 I 2008
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon GM withdraws offer to swap bonds for stock
      617 14 ■AP AUTOMAKER'S WOES Automaker has till Monday to finish restructuring or file for bankruptcy [DETROIT] General Motors Corp yesterday withdrew its offer to swap bond debt for company stock, saying that too few bondholders agreed to the deal. The move sets the
      ■AP; REUTERS  -  617 words
    • Article, Illustration
      Lock icon North Korea warns of attack on South
      511 14 AFP [SEOUL] North Korea said yesterday that it was abandoning the truce that ended the Korean war and warned that it could launch a military attack on the South, two days after testing an atomic bomb for the second time. The announcement came
      AFP  -  511 words
    • Article
      Lock icon Sands could restart stalled projects
      490 15 ■AFP Adelson says he's pursuing 6 options that will solve liquidity problems [LAS VEGAS, Nevada] Las Vegas Sands chief Sheldon Adelson has said he may have arranged financing necessary to restart stalled construction projects in Macau and the United States by the end of 2009.
      ■AFP  -  490 words
    • Article, Illustration
      Lock icon TRACEY EMIN, MELLOWED
      110 15 REUTERS [LONDON] British artist Tracey Emm standing in front of one ofthe latest works from her new exhibition, 'Those Who Suffer Love. Exploring themes of love and lust, the exhibition at the White Cube gallery is Emm's first in London for four years. She said the title
      REUTERS  -  110 words
    • Article
      Lock icon ANZ eyes cash to fund bid for RBS Asia assets
      501 15 Reuters It's selling stock to raise As2.sb for the non-binding bid [SYDNEY] Australia and New Zealand Banking Group (ANZ) is raising A 52.5 billion (552.85 billion) in a share sale to fund a likely bid for some of Royal Bank
      – Reuters  -  501 words
    • Article
      Lock icon Base pay hike for Citi, BOA investment bankers
      146 15 Reuters [BANGALORE] Following a Morgan Stanley plan unveiled last week, Citigroup and Bank of America are likely to soon raise base salaries for investment bankers to compensate for limits on annual bonuses, the Wall Street Journal reported yesterday. Goldman Sachs Group and
      Reuters  -  146 words
  • Page 14 Advertisements
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      2131 14 '^*m*r JL^I V-^ JL XxJ JLj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg R Ul I S e Bank Hapoalim (Switzerland) Ltd JL CHEMICAL "SSJKfiSS^ LIMITED Head Office: Stockerstrasse 33 CH-8027 Zurich, Switzerland (Company Re9istra,ion Number: NOTICE OF EXTRAORDINARY GENERAL MEETING Balance Sheet as of 31 December 2008 Statement of
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  • BT ROUNDTABLE
    • Article, Illustration
      Lock icon Bear market rally or real rebound?
      3045 16 OVERVIEW THERE is a great divide among economists on whether the global economy has begun a sustainable recovery from its worst recession in 70 years or is simply slowing its rate of contraction. Are the so-called "green shoots" of recovery firmly rooted, or just
      3,045 words
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  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon What do you get when classical meets jazz?
      592 17 THE most common question potential ticket-buyers have when considering a musical collaboration between artists from very different genres is: Which tradition will dominate the concert? With Jeremy Monteiro Tang Quartet, the answer is quite simple. It's going to be a night of
      592 words
    • Article, Illustration
      Lock icon Bold experiment that runs out of steam
      668 17  -  ONG SOH CHIN By THE unique selling point of Sin Sangre and, indeed, of Compania Teatro Cinema itself as a group, is its innovative fusing of theatre and cinema to create what director Juan Carlos Zagal calls "a third language that does not
      668 words
    • Article, Illustration
      Lock icon Other-worldly beauty eclipses war, ideology
      566 17  -  AMANDA DE GUZMAN By IN THE cacophony of the modern world, it is becoming increasingly rare to have an aural experience so exquisite and emotive that it can almost bring one to tears. Ruhe (Silence) provides just that. A piece of theatre that melds other-worldly
      566 words
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      972 17 A WATS Wt(W£% |«|JF| Raiffeisen Zentralbank PGCRp Osterreich AG (RZB Group) jA l; 5 f r a (Incorporated in Austria) Consolidated Balance Sheet Consolidated Income Statement (in Euro' 000) 2008 2007 (in Euro '000) 2008 2007 Assets Interest income 9,426,203 7,387,011 Cash reserve 13,711,963 5,748,189 Current income from Loans and
      972 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      596 18 Merriii Lynch Mapletree Anson Mapletree Business City energy and water efficient features. Green practices include the use of Green Label materials during l^ral 'W^^li^^^^^^^^^rt^^^^jl M *QSHBK£Kii^'' ra j^' «BEJF^fr''' 1 '"^^i? s>>lSi^^^^^^f^^^^^i^^^^^3 construction, and the provision of a higher proportion of greenery to the total leasable area to achieve a
      596 words
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  • AVIATION
    • Article, Illustration
      Lock icon Region's airline recovery hinges on global trade
      432 19  -  YEN SREENIVASAN By THE severity of the downturn in Asia-Pacific commercial aviation may be easing, but conditions are unlikely to improve significantly until global trade picks up. Andrew Herdman, direc-tor-general ofthe 17-mem-ber Association of Asia Pacific Airlines (AAPA), is cautiously optimistic that the
      432 words
    • Article
      Lock icon Aerospace output here hits record
      395 19  -  NISHA RAMCHANDANI Lim Hng Kiang urges suppliers to hone their competitive edge in current downturn By SINGAPORE'S aerospace industry chalked up record output of more than $7 billion last year a rise from $6.89 billion in 2007 according to preliminary figures from the Economic Development
      395 words
    • Article, Illustration
      Lock icon Recession woes take back seat at some airlines
      524 19 -NYT [PARIS] Demand for so-called premium air travel has fallen sharply along with the economy, leading airlines such as Qantas and British Airways to announce plans to reduce first-class seating. Yet those who find it hard to fly without Beluga caviar and
      -NYT; FILE PHOTO  -  524 words
    • Article
      Lock icon Virgin Atlantic facing very challenging year
      446 19 Bloomberg But it doubled profit last year, against the losses of rivals [LONDON] Virgin Atlantic Airways Ltd, the long-haul carrier controlled by billionaire Richard Branson, is having a "very challenging year" as demand for air travel slumps, according to its chief executive officer. "It's
      – Bloomberg  -  446 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2564 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,564 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      347 19 CRYPTIC CROSSWORD 1 Pass without harm when H m windy storm has finished 9 Nevertheless seeking a mo- J__^^ H__MM__ 10 Bill enters cab. On the contra- I H^ ry suffering from inability to I I control movements (6) -2 13 I |14 115 I 11 Completely ruined whilst ma
      347 words
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  • SHIPPING
    • Article
      Lock icon Dry bulk capacity may reach surplus in H2
      449 20 Bloomberg Charter rates may fall as yards deliver new capacity this year: Cargill chief [SINGAPORE] Dry bulk shipping capacity may reach a surplus in the second half of 2009, pushing charter rates lower, said the president of Cargill Ocean Transportation, a unit
      – Bloomberg  -  449 words
    • Article, Illustration
      Lock icon APL to raise rates on Asia-Europe trade routes
      252 20 Reuters [SINGAPORE] Neptune Orient Lines (NOL), the world's seventh largest shipping company, said that its container arm APL is planning to raise freight rates on Asia-Europe trade routes starting next month. APL said that it will raise its eastbound Europe to Asia
      Reuters; FILE PHOTO  -  252 words
    • Article
      Lock icon Idled container vessels seen doubling to 20%
      285 20 Bloomberg [TOKYO] The world's shipping lines may double the number of idled container carriers to 20 per cent of the global fleet amid a surge in new vessels and as the recession saps demand, said First Ship Lease Trust's Philip Clausius. "It's the
      Bloomberg  -  285 words
    • Article
      Lock icon Maersk urges shipping climate deal
      257 20 Reuters [COPENHAGEN] The head of shipping and oil group A.P. Moller-Maersk called on Tuesday on governments to reach a global climate deal for the shipping industry when they meet on a new climate treaty in December. International shipping was not included in the Kyoto Protocol,
      Reuters  -  257 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 20 '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 0.50 0.24 1.20 0.50 1.30 0.47 0.06 0.45
        102 words
      • Article
        Lock icon KLSE
        35 20 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.77 8.40 8.25 3.32 unch 0.03 0.11 -0.01 -0.15 -0.25 0.04 unch unch unch 5' 6: 17: 152! 12i 263!
        35 words
      • Article
        Lock icon BANGKOK
        12 20 '00 Precious Ship Regional Cont .16.60 ...7.55 0.30 unch 6120 1613
        12 words
      • Article
        Lock icon HONGKONG
        11 20 '000 Doil iingamas Cont .31.85 ...0.81 0.55 225! 0.02 3054:
        11 words
      • Article
        Lock icon PHILIPPINES
        17 20 '000 Aboitiz Equity Intl Container Keppel Marine 6.10 15.25 2.30 -0.10 0.25 0.30 5! 6151 3:
        17 words
      • Article
        Lock icon TAIPEI
        22 20 Evergreen Marine ...19.00 :irst Steamship 49.90 /Van Hai Lines 18.10 t'ang Ming Marine...14.60 0.70 2.10 -0.10 0.95 2( 1! 1( S.
        22 words
      • Article
        Lock icon TOKYO
        38 20 '000 :awasaki Hvy Ind ..210.00 :awasaki Kisen 401.00 /litsubishi Hvy 340.00 /litsui Eng&Sbldg...224.00 /litsui Osk Lines 631.00 Jippon Express 395.00 Jippon Yusen 430.00 5.00 940' 7.00 960! 14.00 4045! unch 41K 3.00 ***** 12.00 398! 4.00 692!
        38 words
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      Lock icon Page 20 Advertisements Column 1
      59 20 BL --m/mmmmmWrnAtlmmr 3WI" mßbmm M> 1 111 At home with business k fV' Saturday. Office closed. But *^j^^^^ you need your fix. That's why Iff 82.5% read The Business f-*2Xj>* %<7 Times Weekend outside V^**C/C7 p. the office and its home mf m subscription shot up 13<K,. 4 |^|-7<^§^^S >
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      22 20 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. I
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  • EDITORIAL & OPINION
    • Article
      Lock icon Research needs more transparency too
      464 21 IT is very likely that once the dust settles after the global financial crisis, investment banks and other financial institutions will not be able to sell any of their products without full and complete disclosure about the true nature of these products; nor will they
      464 words
    • Article, Illustration
      Lock icon Nothing much can be done about North Korea
      906 21  -  LEON HADAR US should get its allies to work on managing Pyongyang's emergence as a nuclear power NORTH Korea's defiant nuclear test has been condemned by the US and several other governments, including Russia, Japan, the European Union, as well as by
      AP  -  906 words
    • Article, Illustration
      Lock icon No reason to panic over North Korean leader's nukes
      865 21  -  WILLIAM PESEK JR Bloomberg THE BOTTOM LINE FEW world events could have blasted the suicide of a former president off the front pages of South Korea's newspapers. North Korea did just that literally. Breathless coverage of Roh Moo Hyun's leap from
      ■ Bloomberg  -  865 words
    • Article, Illustration
      Lock icon Asians need to stand together
      1037 22  -  ANTHONY ROWLEY They are in the same bed but are dreaming different dreams, laments an Indonesian analyst COUNTRIES that are economically integrated "do not shoot at each other", declared Klaus Regling, a former senior official ofthe European Commission, during a seminar that I attended in
      AFP  -  1,037 words
    • Article, Illustration
      Lock icon Poverty is a two-way street
      929 22 -IHT THE world is agog with tales of the "nouveau poor". The well-to-do are tightening their belts wealthy women are reappearing in the same designer dresses; shoppers are shyly pulling coupons from their pockets; and flying commercial is back in style. But the rich and
      -IHT; AFP  -  929 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Consider setting caps on directorships
        551 22 I REFER to "A rigged directors' market needs rules" (BT May 26) and "Multiple directorships: Let market decide" (BT, May 20) with regard to the question of a limit on directorships for listed companies in Singapore. Depending on whom one asks, there appears to be
        551 words
      • Letter
        Lock icon Let minorities vote in IDs
        190 22 I REFER to the Hock Lock Siew column "Looking out for retail investors," (BT, May 26). I agree that allowing retail investors to appoint their own representatives is not a good idea. However, I think it would be appropriate for minority shareholders to be enabled
        190 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8805 23 Transaction date: May 27 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 8 3 3148 STelecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 15 5.5 1938 AEICorp 8.5 1 1100 AEM 22.5 7 2101 APOil 74 26.5 5550 ARA 8.5 2.5
      8,805 words
    • Article
      Lock icon SGX CATALIST
      1602 24 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 35 05 1501 s Advanced System 10.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 17.9 2 1524 t Alantac 19.5 3.5 7814 t
      1,602 words
    • Article
      Lock icon SGX ETF
      380 24 Wk Tel Low Code Last Sale Vol C000) Low Lasl (uote Seller Div C'vr irYld Net P/E Cap imil .Hii Comi Hit Bur 109 100 6389 ABFSG Bond ETF 109 964 427 CIMBAsean40 100US$ US619 +5 236 149 DBS STI ETF 100 232 +5 2510 1682 DBXT FTChina25
      380 words
    • Article
      Lock icon CLOB INTERNATIONAL
      264 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
      264 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9389 24 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.763/ AIGIF Spore Bond Fund/A 1.239/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.94/ APS Alpha Fund (USD)!** 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.4997/ APS Komaba Global
      9,389 words
  • Page 23 Advertisements
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar 26 World Index Preliminan 694.3 1.4 2.4 1.5 4.4 1.4 3.9 EAFE Preliminai 668.1 0.5 2.9 0.7 5.7 0.6 5.1 Euri Preliminan 930.2 0.7 2.0 0.8 6.3 0.7 5.7 Pacific 564.9
      365 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      126 25 As at 9am May 27 of foreign currency: Currencies Bid Offer Aust dollar 1.1280 1.1620 Can dollar 1.2910 1.3060 Euro 2.0140 2.0370 NZ dollar 0.8920 0.9130 iterlini md 2.2990 2.3260 US dollar 1.4390 1.4550 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi
      126 words
    • Article
      Lock icon INTERBANK RATES
      172 25 May 27 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 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.32 0.40 0.70 0.80 1.10 1.90 2.00 Offer 0.22 0.30 0.40 0.50 0.80
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      16 25 May 27 STI SIMSCI Jun 268.0 279.1 277.8 Taiwan Jun 241.5 256.6 253.3
      16 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 May 27 Bid Offer 1-month 1.4480 1.4495 2-months 1.4479 1.4495 3-months 1.4479 1.4495 6-months 1.4477 1.4494 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      61 25 May 27 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Jun 09 2509 Jul 09 2438 Aug 09 2425 Sep 09 2399 Total o/p: ***** contracts 2567 2567 2509 2523 2532 2438 2505 2507 2422 2490 2497 2399 Turnover: ***** Market tone:
      61 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      299 25 May 27 EURODOLLAR FUTURES Jun09 Sep09 Dec09 Mar10 99.2725 99.2000 98.9800 98.8350 6411 5407 3856 3449 EUROYEN TIBOR FUTURES Jun09 99.450 99.450 Sep09 99.535 99.535 Dec09 99.550 99.550 Mar10 99.530 99.530 Jun10 Sep10 DedO Mar11 99.450 99.535 99.550 99.530 99.450 99.535 99.545 99.525 99.490 99.410 99.365 99.280
      299 words
    • Article
      Lock icon SICOM FUTURES
      192 25 May 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Jun 09 167.0 Jul 09 Aug 09 168.6 Sep 09 168.5 Oct 09 Nov 09 167.0 168.0 168.0 170.0 168.5 168.6 168.2 168.0 168.0 84 30 60 735 640
      192 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 May 27 Period Issue code Maturity Yesterday's Bid Day's |h Low Hii 3-Month BQ*****W 27.08.09 1-Year BY*****W 03.05.10 0.21 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hia Day's igh Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****X
      86 words
    • Article
      Lock icon CHICAGO BOT
      103 25 May 26 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1185.50 1166.00 1187.50 1151.00 Aug 09 1150.00 1134.00 1151.00 1122.00 Sep 09 1087.50 1076.25 1088.00 1040.00 Nov 09 1042.50 1031.50 1048.00 1018.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 37.75 38.10 38.32 36.75
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      74 25 CRUDE OIL PRODUCTS May 26 USS/barrel Close Cham Brent blend (1-Mth F) 60.37 0.50 WTI (Near Mth) 62.31 1.33 Dubai (1-Mth F) 57.51 -1.82 Tapis blend 60.75 -1.80 Minas 60.55 -1.80 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 55.32 64.40 1.00 -1.15 USS/barrel Opec Oil Basket Price 58.57
      74 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 25 May 27 Rm Euro HK! Im Rs Ru Yen Won RM NZ! Pal Rs Peso Ram NT! Bai it Pouni US! Australia 0.874 5.371 0.563 6.097 37.472 81.117 0.750 9.983 2.754 1.268 63.364 37.189 1.139 6.490 0.852 25.664 27.036 0.492 0.786 Canada 1.144 6.145 0.644 6.975 42.870
      462 words
    • Article
      Lock icon SIBOR
      76 25 May 27 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 1 mth 2 mths 3 mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 25 May 27 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.1386 1.1400 0.7863 0.7865 Canadian dollar 1.3024 1.3044 0.8994 0.8999 Euro 2.0234 2.0258 1.3974 1.3976 NZ dollar 0.8978 0.8994 0.6200 0.6205 Sterlini 2.3140 2.3170 1.5981 1.598! US dollar 1.4480 1.4495 S$IUS$
      153 words
    • Article
      Lock icon PRECIOUS METALS
      166 25 May 27 GOLD (USS/oz) May 26 May 27 GOLD BULLION COINS (S$) Sellim Hong Kong 946.50 945.40 947.50 946.40 May 26 May 22 London 950.70 956.15 951.70 957.15 Source: Thomson Reuters (S$) Selling Buying 1 oz 1537.59 1389 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $539.28 442
      166 words
    • Article
      Lock icon LONDON METALS
      67 25 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1416.50 1408.50 3 months 1452.00 1442.00 Copper, Grade A (USS/tonne) Cash 3 months 4658.00 4660.00 4601.50 4610.00 Lead (USS/tonne) Cash 1436.50 3 months 1445.00 1432.00 1439.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00 *****.00 3
      67 words
    • Article
      Lock icon LIFFE
      76 25 May 26 (£/tonne) Close Prev Hii ih/Low Jul 09 1608 1611 1611/1591 Sep 09 1609 1613 1615/1595 Dec 09 1608 1612 1618/1595 Mar 10 1607 1613 1620/1595 COFFEE (USS/tonne) Close Pev High/Low May 09 1485 1489 1485/1485 Jul 09 1510 1516 1523/1504 Sep 09 1523 1528 1533/1517 SUGAR (US
      76 words
    • Article
      Lock icon BONDS, WARRNATS & EXTENDED SETTLEMENT
      2586 25 BONDS, WARRNATS EXTENDED SETTLEMENT Tel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 4 1 9003 >036 Advance SCT Ltd W*****9 0.5 susp .092 Asia Environment W*****4 0.5 1481 #AsiaWater Tech W*****0 18.5 3816 #Asiasons Capital W*****7 4.5 unch 9 .756
      2,586 words
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  • BizIT
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      Lock icon M2B tunes in to more Asian markets
      671 28 Singapore Internet TV pioneer eyes SGX listing as it seeks to enlarge war chest needed for overseas expansion, reports WINSTON CHAI WITH China and Singapore under its belt, home-grown Internet television pioneer M2B World plans to take its broadband TV service to more
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      Lock icon Social networking platform for businesses
      467 28  -  ONG BOON KIAT By WHILE individuals around the world have embraced social networking services such as Facebook, MySpace, Twitter, Linkedin and others, many businesses are still keeping them at an arm's length, fearing security and privacy breaches. A made-in-Singapore offering from local firm Voiceroute could
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    • Article
      Lock icon Re-manufactured toner found wanting
      343 28  -  AMIT ROY CHOUDHURY By AN Asian-Pacific toner cartridge reliability comparison by Quality Logic Inc has shown that re-manufactured toner cartridges had reliability and page (print) quality issues as opposed to branded ones. According to the study, one in four of all re-manufac-tured cartridges that were tested
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    • Article
      Lock icon Automate business travel and expenses billing to cut costs
      789 28  -  JEREMY FINDLEY <yousay> By lIS NU secret tliat today's economic environment is forcing organisations of all sizes to take a hard look at their budgets. Finding ways to cut costs and streamline operations is a priority and it often means that
      789 words
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      104 28 ■j i:! -it 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 Su
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  • PROPERTY
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      Lock icon Distressed properties may flood markets
      403 29  -  EMILYN YAP But Asia is in better shape than mature markets, says GIC Real Estate chief By [SINGAPORE] Distressed property assets may emerge in developed markets in the next two years or so, GIC Real Estate's president Seek Ngee Huat said yesterday. "Refinancing difficulties will
      ARTHUR LEE  -  403 words
    • Article
      Lock icon Kaki Bukit CarMart site available for application
      466 29  -  KALPANA RASHIWALA By THE Urban Redevelopment Authority yesterday made available for application a 30-year leasehold industrial site next to Ruby Warehouse Complex at Kaki Bukit Road 2 on the government's reserve list. The property is expected to generate a fair amount of interest
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      Lock icon UE and GuocoLand add green beauty
      752 30  -  MICHELLE YEO By [SINGAPORE] Green concerns have gone beyond consumers toting reusable shopping bags to developers putting up buildings that are kind on the environment. Two developers that have met the mark in this area are United Engineers Ltd (UE) and GuocoLand, with each
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    • Article
      Lock icon STC offers short-term office leases
      337 30  -  EMILYN YAP Six-month lease offer at 18 Cross St part of move to attract clients to China Sq Central By THE Straits Trading Company (STC) is offering short-term leases at 18 Cross Street for companies in search of transitional office space. Tenants can sign up
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  • BCA AWARDS
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      Lock icon Going green paying off for Mapletree
      591 31 Projects will yield cost-savings in the long run, reports liew aiqiimg TO a harried office worker rushing to his next appointment, the new office tower coming up on Anson Road may look like just another building jostling for space in Singapore's busy Central Business
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      Lock icon CapitaLand shines again
      504 31  -  ZEINAB YUSUF By WITH a mission to deliver quality products and services, real estate developer Capita Land shines once again at this year's Building and Construction Authority's BCA Green Mark for Buildings awards. Clinching gold awards for six projects Sembawang Shopping Centre; The Integrated Civil, Cultural, Retail
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      Lock icon CDL shows how to become a 'green champion'
      612 33 MD Kwek Leng Joo tells brittaimy khoo CDL walks the talk in promoting a corporate 'green culture' A REPEAT winner and veteran in the field, City Developments Ltd (CDL) is no stranger to the Building and Construction Authority's (BCA) Green Mark scheme.
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      Lock icon More Green Marks for Ascendas
      497 33  -  VICTOR KATHEYAS Its commitment starts at design stage, runs to maintenance and operations By INDUSTRIAL developer Ascendas Land has been incorporating environmentally friendly features in its projects since 2005, says CEO Tan Yew Chin. It is no wonder then that seven of those projects have
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      Lock icon Keppel Land wins 5 more Green Mark awards
      556 33  -  JESSICA YEO Latest haul takes total to 12 as the company fulfils eco-commitment By KEPPEL LAND, which develops both residential and commercial projects, has won five Building and Construction Authority Green Mark for Buildings awards this year. It won the Gold Plus
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    • Building & Construction Authority Awards
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        Lock icon More builders going green
        742 35 BCA's 2009 awards tally jumps to 151 and its Green Mark scheme draws more interest, says uma shaimkari INTEREST in green building is growing in Singapore. The Building and Construction Authority (BCA) gave out a whopping 151 awards this year up from 97 last year reflecting
        742 words
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      162 31 ■m m ipl MJBWBBBiBiHBM S building with integrity We are honoured to be awarded 2 Construction Excellence Awards Built Environment Leadership Gold Award Igk A, Green and Gracious Builder (Excellence) Award W y'■'y\ f rtffaW /P V "jgj^gjfjg^ for all their contributions and hard work to our Recognition "iJLI-H Blossoms@Woodlei
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      223 32 Thank yOU fOr United Engineers -_-_-S Developments your support, .eeeeeeeeee.— pteLtd The Rochester is 100% sold! ii hi n[l i jTffifrij R^^l Bwß^^B,'Hrr~KßrnEv2B I I Moving on to I Greener Pastures As an environmentally-responsible developer. United uniquely green project. Notonly is Especially designed Engineers is pleased to receive the Green
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      728 34 ADVERTORIAL >V^ Kovan Residences Ef BCA GREEN MARK Kovan Residences, a new Buildings are awarded the used in some building landmark in an old hometown, BCA Green Mark based on five elements. Kovan Residences which receives the Green Mark key criteria: also provides ample greenery Gold Award from the Building
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      128 35 ASCENDAS REAL ESTATE INVESTMENT TRUST LASALLE INVESTMENT MANAGEMENT for achieving for achieving BCA Green Mark Platinum Award 2009 for BCA Green Mark Platinum Award 2009 for 3 CHANGI BUSINESS PARK CRESCENT TWENTY ANSON a design build project by Lum Chang a design build project by Lum Chang _**"**r»^- fls^ ESS*
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