The Business Times, 29 May 2009

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Friday, May 29,2009
    23 words
  • 766 1  -  TEH SHI NING This is in spite of last year's setback that wiped out half the gains of 5 preceding years in just 8 months By [SINGAPORE] Temasek Holdings's portfolio grew $56 billion since March 2003 as its $58 billion loss last year
    766 words
  • MARKETS DIGEST
    • 47 1 lursi lay lange I COMP 1,041.24 -6.44 MKKEI 225 9,451.39 +12.62 IANG SENG Closed IET INDEX 555.43 +0.02 JAKARTA COMP 1,902.87 +10.03 IANILACOMP 2,354.37 -2.01 IEOULCOMP 1,392.17 +30.15 IHENZHEN B Closed IUMBAI IND 14,296.01 +186.37 12 noon EDT Cham )OW 8,354.42 +54.40 IAS DAI 1,740.16 +9.08
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    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.275 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source: 1
      Bloomberg  -  30 words
    • 46 1 IS$ (S$ per US$) 1.453 (USS/SS ier£) 1.593 2.314 ;UR0 (US$/S$/E) 1.388 2.016 Foreii in curreno ier US$ 1$ 'EN 96.60 66.50 3.515 2.420 N<$ 7.753 5.338 !AHT 34.43 23.70 IUPIAH 10,355 7,129 IENMINBI 6.828 4.701 INDIAN RUPEE 47.61 32.77 1.282 0.883 IZ$ 1.613 1.110
      46 words
  • 506 1  -  lAMIE LEE Abu Dhabi outfit said to have made offer to Temasek ByJ [SINGAPORE] Shares of Chartered Semiconductor Manufacturing jumped as much as 9.36 per cent yesterday on talk that a takeover offer from a Middle East values it around $2.45 billion.
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 49 1 ARTS |Pfi| WINE BOOKS C 4|k I S'POREARTS Baba E\ fsj rQo^^^ A primer on Bumper crop of strange, FESTIVAL Bling E^ h"I investment grade savage books for children jfe Anna Karenina: doomed rage 26 Kidi^flfl "mm page 25 rage 27 M loveinadance page 28 m ■rt^x HJ2^^^^^^B H
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  • TOP STORIES
    • 592 2  -  NISHA RAMCHANDANI MOH is in the process of tracing close contacts of the three patients By [SINGAPORE] Singapore has confirmed three more cases of Influenza A (H1N1) with the latest patients having flown in from three different American cities on three
      592 words
    • THREE-MINUTE DIGEST
      • 83 2 TEMASEK Holdings' portfolio grew $56 billion since March 2003 as its $58 billion loss last year came after "a much greater gain" of $114 billion growth in the five preceding years. Providing these figures in Parliament yesterday, the Finance Minister said that Temasek
        83 words
      • 66 2 SHARES of Chartered Semiconductor Manufacturing jumped as much as 9.36 per cent yesterday on talk that a takeover offer from a Middle East values it at around $2.45 billion. BT understands the chip-maker has received a bid from Advanced Technology Investment Company
        66 words
      • 48 2 SINGAPORE has confirmed three more cases of Influenza A (H1N1) with the latest patients having flown in from three different American cities on three separate flights, raising the total number of confirmed cases to four. TOP STORIES, PAGE 2
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      • 43 2 SINGAPORE is drafting legislative amendments to its tax regime, and starting talks with several countries to update tax agreements, Second Minister for Finance Lim Hwee Hua told Parliament yesterday. TOP STORIES, PAGE 4
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      • 67 2 ENGINEERING group Boustead posted its seventh successive year of record revenue and profit, unveiled a strong order book and matched its previous year's dividend payout. The results for the full year ended March 31, 2009, were helped by a strong fourth quarter, which saw net
        67 words
      • 47 2 CRANE specialist Tat Hong Holdings' fourth-quarter FY2009 earnings fell 49 per cent to $14.6 million amid declining revenue and a weak Australian dollar. Top-line sales for January-March 2009 were down 40 per cent to $110.7 million. COMPANY NEWS, PAGE 7
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      • 58 2 AN INDEPENDENT audit by PricewaterhouseCoopers on the scandal-tainted Port Klang Free Zone has cast doubts as to whether its owner-operator Port Klang Authority had obtained any value despite spending billions on the project, which it found to have been weakly managed
        58 words
      • 67 2 GENERAL Motors, in a last ditch attempt to avert a bankruptcy filing, announced that a committee of bondholders had agreed to a sweetened deal to erase some of the automaker's debt in exchange for company stock. The company said it offered bondholders 10 per
        67 words
    • 759 2 Bloomberg [SINGAPORE] Carnival Corp's luxury cruise ship Pacific Dawn has been asked not to stop at ports in north Queensland after 38 people caught swine flu during a South Pacific cruise, Australian health officials said. Passengers and crew tested positive for
      – Bloomberg; AP  -  759 words
    • 533 2  -  ANNA TEO Daiwa's Basu says GDP contraction may be just 3.3% By [SINGAPORE] Now that leading US economists have the end of the recession in sight and Singapore's manufacturing output actually turned in April the optimists can now breathe again. Or so it seems.
      533 words
    • 370 4  -  TEH SHI NING Draft to be aired in mid-year; talks with some countries to update DTAs started By [SINGAPORE] Singapore is drafting legislative amendments to its tax regime, and starting talks with several countries to update tax agreements, Second Minister
      370 words
    • 464 4 Reuters LATEST US DATA Fewer workers file for new jobless benefits; sales of new homes up [WASHINGTON] New orders for long-lasting US manufactured goods saw their biggest gain in 16 months in April, and fewer workers filed for new jobless benefits last
      Reuters  -  464 words
    • 429 4  -  RONNIE LIM By [SINGAPORE] India's GMR Group is in "close negotiations" with international power giant Intergen to take over 100 per cent ownership of the latter's stalled $1 billion Island Power project in Singapore which it now hopes to kickstart by this year-end. "That
      429 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 2600 4 w MATS ~*^r JL^I V-^ JL XxJ JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg £l I X/f^ M Heatl Office: Singapore Branch: T 9, quai dv President Paul Doumer 168 Robinson Road ——i CREDIT ACRICOLE CIB 92g20 p^ D6 fe nse ce( j ex France #22-01 Capital Tower
      2,600 words

  • COMPANY NEWS
    • 714 5  -  YEN SREENIVASAN The Q4 results boosted full-year net earnings to a record $60.1 m By ENGINEERING group Boustead posted its seventh successive year of record revenue and profit, unveiled a strong order book and matched its previous year's dividend payout. The results for
      714 words
    • 318 5  -  LYNETTE KHOO By SINO-ENVIRONMENT Technology's key management team has decided to stay on and the group is now able to keep its board of directors intact. This positive piece of news came weeks after chairman and chief executive Sun Jiangrong and key managers tendered their
      318 words
    • 664 5  -  R SIVANITHY IT appears that the pressing issue as far as stockmarket investors are concerned is either a) is this rally for real? or b) do budding "green shoots" or a slowdown in the pace of economic deterioration signal a V-shaped recovery
      664 words
    • 557 7  -  YEN SREENIVASAN Profit down 49% to $14.6 m, revenue declines 40% to $110.7 m By CRANE specialist Tat Hong Holdings' fourth-quarter FY2009 earnings fell 49 per cent to $14.6 million amid declining revenue and a weak Australian dollar. Top-line sales for the January-March
      FILE PHOTO  -  557 words
    • 581 7  -  LYNETTE KHOO By I INVESTORS would not have foreseen a net loss incurred by WBL Corp for its third quarter of fiscal 2007 and that financial information was material to WBL share price, asserted capital markets expert Christopher Chong Meng
      581 words
    • 456 9  -  LYNETTE KHOO By PAN Hong Property Group suffered a net loss of 36.99 million yuan for the the 15 months ended March 31, 2009. This compares with a net profit of 184.86 million yuan for the 12 months ended Dec 31, 2007. The
      456 words
    • 504 9  -  CHEN HUIFEN But the turnaround was not sufficient to lift it out of the red for the full year By BIOSENSORS International Group swung to a net profit of U*****,000 for its fourth quarter ended March 31, 2009, from a US$2O.7 million net loss
      504 words
    • 236 9  -  JOANNE TANG By CITING higher operating expenses, China Kunda Technology Holdings yesterday announced a 25.9 per cent fall in net profit to HK$3B.5 million (557.2 million) for the full year ended March 31, 2009. Excluding listing expenses related to the company's initial public offering
      236 words
    • 136 9 DESPITE chalking up a $1.15 million net profit for the fourth quarter ended March 31, 2009, Singapore Shipping Corp reported a $3.5 million full-year net loss. For the fourth quarter and full year to end-March 2008, it reported a net loss of $1.69 million and
      136 words
    • 265 9 -ull year results ended March 2009 NET PROFIT (S$m) TURNOVER (S$m) i i CURRENT PREVIOUS CHNG CURRENT PREVIOUS I %CHN( 1 SingTel 3,448.40 3,960.20 -12.9 14,934.40 14,844.40 0.6 2 SIA 1,061.50 2,049.40 -48.2 15,996.30 15,972.50 0.1 3 SIAEngg 260.60 253.80 2.7 1,045.30 1,009.60 3.5 4 Ascendas REIT
      265 words
  • Page 5 Advertisements
    • 106 5 A tSARS FORM 69 (3) (RULES 91 AND 101) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF S.C. CAPITAL ADVISORS (SINGAPORE) PTE. LTD. IN LIQUIDATION (IN MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NUMBER: *****9173 D) NOTICE OF INTENDED DIVIDEND Name of Company S.C. Capital Advisors
      106 words
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      386 words

  • SINGAPORE MARKETS
    • 530 6  -  R SIVANITHY STOCKS STl's loss after rising 67 points on Wednesday seen as being within the bounds of a routine correction OT unexpectedly, Wall Street fell on Wednesday, leading to pressure on the local market yesterday and resulting in a 13.11-point loss for the
      : Bloomberg  -  530 words
    • 99 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 6 7 5 0 0 0 6 7 5 Manufacturing 58 53 67 11 66 59 78 Commerce 25 26 19 28 27 23 Tpt/Stor/Comms 17 13 10 19 13 10 Finance 16
      99 words
    • 119 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 22,210 22,210 59,212 59,212 Manufacturing 484,830 32,983 517,813 234,595 1,635 236,230 Commerce 243,065 859 243,924 78,026 62 78,088 Tpt/Stor/Comms 150,742 4,885 155,627 184,299 792 185,090 Finance 28,714 28,714 185,295 185,295 Construction 242,236 2,829 245,065 44,292
      119 words
    • 113 6 Stock name Close Cham Stock name Close Cham Capita Land 3.700 -0.090 Noble Grp 1.600 -0.020 CapitaMall 1.320 -0.010 OCBCBk 7.180 -0.020 CityDev 9.040 +0.010 Olam 1.910 +0.060 ComfortDelGrc 1.280 +0.010 S IA 12.560 +0.060 Cosco Corp 1.190 -0.010 SGX 7.260 -0.050 DBS Grp 11.600 -0.200
      113 words
    • Article, Illustration
      945 6  -  JAMIE LEE Genting Singapore May 28 close: $0.71 OCBC INVESTMENT RESEARCH, May 28 TWO major shareholders of Genting Singapore (GTSG) controlled by the founding Lim family have pared their stakes in the company. According to the company's filings, Lakewood Sdn Bhd sold about 265.809 million shares and Golden
      Bloomberg  -  945 words
    • 510 6 Reuters CURRENCIES [LONDON] The US dollar rallied to a 2V2 week high against a broadly weaker yen yesterday as a spike in US bond yields and Moody's affirming the United States' prized triple-A rating drew Japanese investors into overseas assets. Yields on 10-year US
      Reuters; AFP  -  510 words
    • 4 6 DAILY
      4 words
    • 60 6 CLOSE BT OB/OS 540.00 +344.0 BT CADI -*****.00 +50.0 BT 10-day MA -*****.00 +54.00 FTSE ST Mid Cap 514.12 +7.43 FTSE ST Small Cap 438.70 +6.58 FTSE ST All Share 559.81 -0.90 FTSE ST China Top 238.48 +0.30 FTSE ST China 234.17 +1.34 UOB Catalist 96.59 +1.07
      60 words
    • 57 6 VOLUME Golden Aqri 149,644,000 Abterra 121,212,000 Gentinq SP 94,352,000 China Honqxinq 69,296,000 Sing Hldqs 57,949,000 CSC Hldqs 55,179,000 LCDev 54,042,000 UniFiber 50,823,000 ChinaSports 49,104,000 Transcu Grp 46,183,000 VALUE(S) CapitaLand 127,904,120 Keppel Land 71,750,060 DBS Grp 71,383,540 Gentinq SP 66,628,690 Golden Aqri 61,758,105 SingTel 43,831,440 NOL 38,687,130 OCBC
      57 words
    • 103 6 BY CENTS CLOSE UP 7012 101.6 1.0 DBXT S&P Short 10US! STXPO 100 1470 72.0 5.2 JMH 2480 58.1 1.6 India Ni 10 1325 38.0 3.0 Kei Land 232 19.0 8.9 UOL 315 18.0 6.1 MOIL 145 17.4 9.0 SC Global 113 17.0 17.7 NOLES.0906 150 16.0 11.9 Chart
      103 words
    • 112 6 CLOSE DOWN SIA.ES.0906 1228 -34.0 -2.7 JSH 1362 -31.9 -1.6 DBS Gr| 1160 -20.0 -1.7 OCBC Bk5.1%NCPS 100 9770 -20.0 -0.2 UOB.ES.0905 1434 -20.0 -1.4 UOB 1432 -18.0 -1.2 China H 10US$ 1329 -16.0 -O.i WBL Cor| 350 -13.0 -3.i OCBC Bk.ES.0905 709 -11.0 -1.5 Venture Co 672 -11.0
      112 words
    • 87 6 Wh lere S! i$ stands May 28 CHNG CLOSE FRMay27 YR2009 S$ LOW S$ HIGH uss 1.4531 -0.06 1.5579 1.4308 Euro 2.0194 0.01 2.0732 1.9150 Pounds 2.3196 -0.04 2.3196# 2.0356 AS 1.1388 -0.23 1.1388# 0.9453 Yen* 1.4984 1.76 1.7278 1.4831 Rill liah* 0.***** 0.08 0.***** 0.***** Baht* 4.2217 0.04
      87 words

  • Page 7 Advertisements
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      99 words

  • Page 8 Advertisements
    • 4663 8 w A WAlffl JL^I JL JL^^ JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Investment Business UTRr talnlf V 1"8 NORDBANK V I D V.d plld I pIC Incorporated in the Federal Republic of Germany (formerly known as VTB Bank Europe pic) 31 DECEMBER 2008 ||Q gS^E [Q^lSal^^Z QjJjJH
      4,663 words

  • Page 9 Advertisements
    • 93 9 BOROBUDUR mim^mnmmn Auction www.borobudurauction.com "SpKriiklv i K&TTIU 1KII" Kita dan .^i flf ?KU llC' a' <- ta" [saja,, Boy g[,^' *!|l^'"'--_ L Jill '*^^*jjH Bk^H I I Nyoman Masriadi TV Santhosh Liv Ye Auction Sunday 31 May 2009, Starting at 10.30 am Venue GRAND COPTHORNE WATERFRONT HOTEL,SINGAPORE Tel. +65 *****066,
      93 words

  • SINGAPORE NEWS
    • 587 10  -  UMA SHANKARI New economic strategies panel to identify future growth areas By SINGAPORE has achieved many of the aims set by the Economic Review Committee (ERC) which was set up in 2001 to promote the growth and development of the economy Minister for
      587 words
    • 390 10  -  UMA SHANKARI By THE Singapore Retailers Association (SRA) hopes the deals on offer at the Great Singapore Sale (GSS) over the next two months will put some life back into the sluggish retail scene. This year's GSS kicks off today and
      BLOOMBERG  -  390 words
    • 569 10  -  KALPANA RASHIWALA By SOME 5.8 million square feet of new retail space expected to be completed from 2009 until 2013 the bulk of it this year will cause temporary oversupply and put downward pressure on rents but will be sustainable in the long run, property
      : URA, DTZ Research I  -  569 words
    • 235 10 NTUC Fair Price yesterday unveiled a new $41 million automated sorting and distribution set-up that will manage and shorten its supply chain. Fair Price believes the system is the first of its kind for the retail industry in Asean and will
      235 words
    • 178 10 THE bad economy doesn't mean you should skimp on personal care. And if you're reading this, you don't have to. Every purchase of The Business Times or The Business Times Weekend from today until June 7 will get you
      178 words
    • 284 10 Some suggest raising fines for errant doctors PEOPLE generally favour proposed changes to the Medical Registration Act (MRA), including setting up a register of family physicians and shorter disciplinary proceedings for doctors who are subject to complaints. According to the Ministry of
      284 words
    • 362 10 SMALL and Medium Enterprises (SMEs) can now sell their products and services overseas with the help of the Exporters Development Programme (EDP). Launched by International Enterprise Singapore, the scheme aims to help SMEs with limited or ad hoc exporting experience develop their capabilities
      362 words
  • Page 10 Advertisements
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      569 words

  • ECONOMY WATCH
    • 671 11 Reuters Obama says benefits just beginning but opponents call package a fiscal flop [WASHINGTON] As President Barack Obama marked 100 days since his US$7B7 billion economic stimulus was set in motion, Democrats and Republicans painted starkly different portraits on Wednesday on how
      – Reuters; AP  -  671 words
    • 335 11 AP [TOKYO] Japan's retail sales fell 2.9 per cent in April, falling for the eighth straight month, as consumers stayed cautious amid growing jitters about jobs and wages. Also, sales at big retailers a narrower category that includes supermarkets and department stores
      AP  -  335 words
    • 348 11 Bloomberg Treasuries purchases main tool to arrest fall in holdings [WASHINGTON] The Federal Reserve may step up asset purchases to prevent its balance sheet from contracting until policy makers are convinced an economic recovery has taken hold, Fed officials and
      Bloomberg  -  348 words
    • 609 11 -AFP [TOKYO] Japan warned of rising protectionism and unfair trade practices amid the global downturn in a report yesterday, raising concern about a recent "Buy American" plan and China's stricter IT rules. "Amid the serious economic crisis, protectionist moves are continuously occurring in countries around
      -AFP  -  609 words
    • 493 11 AFP Brazil, Russia, India and China also seen as potential buyers [WASHINGTON] Russia intends to buy up to US$lO billion in the International Monetary Fund's (IMF) first-ever bonds, the IMF said. IMF managing director Dominique Strauss-Kahn hailed the plan
      AFP  -  493 words

  • MALAYSIA
    • 664 12  -  PAULINE NG PwC report suggests restructuring RM4.6b govt loan to avoid default By AN INDEPENDENT audit by PriceWaterhouseCoopers (PwC) on the scandaltainted Port Klang Free Zone (PKFZ) has cast doubts as to whether its owner-operator Port Klang Authority (PKA) had obtained any value despite
      664 words
    • 255 12 Bloomberg [KUALA LUMPUR] Kuok Group chairman Robert Kuok, who made his fortune trading sugar, retains his top spot among Malaysia's richest people, whose collective wealth dropped after a slump in the stock market, according to Forbes Inc. Mr Kuok, 85, heads
      Bloomberg  -  255 words
    • 651 12  -  S JAYASANKARAN PM forecasts growth in real GDP terms for 2009 of minus 4-5% By PRIME Minister Najib Razak said yesterday that Malaysia "is in recession" and forecast a worse-than-expected growth in real gross domestic product (GDP) terms for 2009 of minus 4-5
      651 words
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      216 words

  • GREATER CHINA
    • 563 13 -NYT [BEIJING] Nancy Pelosi, the US House Speaker, met China's two top leaders on Wednesday to discuss cooperation on energy and environmental problems, and Prime Minister Wen Jiabao said Beijing would join Washington to "push for positive results" at the next global warming summit
      -NYT  -  563 words
    • 665 13 Reuters Beijing is growing nervous about whether its US 'nest egg' is secure [WASHINGTON] US Treasury Secretary Timothy Geithner has a chance next week to persuade anxious Chinese authorities their investments in huge and growing volumes of US debt securities are
      Reuters  -  665 words
  • Page 13 Advertisements
    • 783 13 A MAIS IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, THE COMPANIES ACT, in the matter of CHAPTER 50 AND CHAPTER 50 AND ™E TZBZIIT 5° W THE MATTER OF IN THE MATTER OF «<gKSSSHSg&u* ISHIKARISHIPPING MARICA SHIPPING (In Members' Voluntary Liquidation) PTE LTD PTE LTD Mnrl^r
      783 words
    • 2210 13 w tSAHS J.^l \^y X. l\*J -L LJ Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg Standard Chartered Standard Chartered PLC (Incorporated in United Kingdom) Head Office 1 Aldermanbury Square, London EC2V 7SB Audited accounts for the year ended 31 December 2008 Consolidated Balance Sheet Consolidated Income Statement As at 31 December
      2,210 words

  • INDIA
    • 165 14 Bloomberg [FRANKFURT] Tata Motors Ltd, India's biggest commercial-vehicle maker, reached an agreement on an 18--month extension for a US$l billion lending facility that helped it buy the Jaguar and Land Rover luxury brands from Ford Motor Co. The new credit line matures at the end
      – Bloomberg  -  165 words
    • 442 14 Bloomberg NEW CABINET LINEUP Policies to be aimed at boosting growth, creating jobs amid global recession [NEW DELHI] India's Prime Minister Manmohan Singh expanded his Congress par-ty-led coalition government with the induction of 59 more ministers to help revive an economy growing at
      Bloomberg  -  442 words
  • Page 14 Advertisements
    • 1871 14 W*2^ AT^VT'T^!T-<ri Toll free: 1800-289-8822 V IVI If L W Email: notices@sph.com.sg JL^I Vta>/ JL I V,y 1 'y^ www.cats.com.sg CONSOLIDATED BALANCE SHEETS CONSOLIDATED STATEMENTS OF December 31,2008 and 2007 PROFIT AND LOSS (Expressed in millions of Rupiah, unless otherwise stated) Yeafs Ended December 31 20 08 and 2007 ASSETS
      1,871 words
    • 1106 14 V#^L k ATV^VT'T^T-' r< Toll free: 1800-289-8822 W IVIII Iff U( V Email: notices@sph.com.sg X^l Vfc>/ J. I v i I il 1 www.cats.com.sg &h Habib Bank Limited **y (Incorporated in Pakistan) CONSOLIDATED (SUMMARIZED) BALANCE SHEET AS AT DECEMBER 31, 2008 2008 2007 I 2008 2007 (Rupees in' 000) (Rupees
      1,106 words

  • ASIA-PACIFIC/WORLD
    • 497 15 Bloomberg Stock prices are recovering and the opposition is also against the idea [TOKYO] Japan's ruling Liberal Democratic Party (LDP) may abandon a bill that would set aside 50 trillion yen (Ss7sl billion) to buy shares from the market because stocks have rebounded from a
      Bloomberg  -  497 words
    • 426 15 Bloomberg [NEW YORK] The steepest rally in seven decades is convincing more short sellers they were wrong about the US stock market. Short interest in the Standard Poor's 500 Index fell the most for technology companies between April 30 and May
      ■ Bloomberg  -  426 words
    • 366 15 ■AFP [WASHINGTON] The US banking sector swung to a collective profit in the first quarter after posting a loss in the fourth quarter, despite a rise in bad loans, a federal government agency said on Wednesday. The Federal Deposit Insurance Corporation
      ■AFP  -  366 words
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      288 words

  • WORLD
    • 862 16  -  ANDREW MARKS Bondholders offered up to 25% stock if they agree to support the bankruptcy reorganisation plan By GENERAL Motors, in a last ditch attempt to avert a bankruptcy filing that would set the stage for the largest corporate bankruptcy in US history and
      862 words
    • 640 16 NYT, AFP, Reuters But officials narrow potential suitors to 2 Fiat and Magna [BEßLlN] After all-night negotiations here, German and American negotiators failed to agree on a crucial bridge loan to sustain Opel and the rest of the European operations of General
      NYT,; AFP,; Reuters  -  640 words
    • 161 16 ■AFP [PARIS] France's US-owned couture house Christian Lacroix has declared insolvency. Arguably one of the most exuberant couturiers in Paris, Christian Lacroix said yesterday the company owned by Falic had declared insolvency before a Paris court due to "the sharp downturn of the
      ■AFP; AFP FILE PHOTO  -  161 words
    • 460 16 -NYT [WASHINGTON] In the rarefied world of hedge funds, he is one of the greats a stock-picker who managed to make money, bull market or bear, for more than two decades. But on Wednesday, Arthur J Samberg told his investors that
      -NYT  -  460 words
    • 393 16 111JJ0.11J IUI KJtJtj) ■NYT [NEW YORK] Toys "R" Us has bought FAO Schwarz, one of the oldest toy retailers in the nation and a staple on Fifth Avenue, where the flagship store is guarded by rosy-cheeked toy soldiers. "At its core
      111JJ0.11J IUI KJtJtj) ■NYT  -  393 words
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    • 38 16 tahla! THE HEARTBEAT OF THE INDIAN COMMUNITY MISS fwrfii Bollywood f 1 IPL wants m^M to act with Rukh %y/ GSS ON A BUDGET The Indian community is going shopping... with an eye on Great Singapore Sale bargains
      38 words

  • AVIATION/SHIPPING
    • 523 17  -  YEN SREENIVASAN Worst may be over but there are no signs of imminent recovery, warns lata By [SINGAPORE] The decline in international air passenger traffic eased somewhat in April, but it may be too early to project a recovery, according to the latest
      523 words
    • 534 17  -  YEN SREENIVASAN Several senior execs here leave due to reorganisation By [SlNGAPOßE] Global express giant DHL Express has merged its EEMEA (Eastern Europe Middle East Africa) and Asia-Paci-fic operations, resulting in the departures of several senior officials here, including its Asia-Pacific CEO Dan McHugh. Dubai-based Middle
      534 words
    • 2552 17 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:
      2,552 words
    • TRANSPORT STOCKS
      • 101 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.51 0.25 1.19 0.50 1.30 0.51 0.06 0.49 0.62
        101 words
      • 30 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid 0.80 8.40 8.35 3.22 2.71 0.03 0.03 unch 0.10 -0.10 -0.02 unch 321 671 1791 151
        30 words
      • 12 17 '00 'recious Ship Regional Cont .16.80 ...8.00 0.20 0.45 552! 4341
        12 words
      • 11 17 '000 Doil iingamas Cont .31.85 ...0.81 0.55 225! 0.02 3054:
        11 words
      • 23 17 '000 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.10 15.25 unch unch unch unch unch unch 781 4159 0 0
        23 words
      • 23 17 bj. 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.
        23 words
      • 37 17 '000 :awasaki Hvy Ind ..211.00 :awasaki Kisen 405.00 /litsubishi Hvy 341.00 /litsui Eng&Sbldg...226.00 /litsui OsR Lines 643.00 Jippon Express 397.00 JipponYusen 433.00 1.00 ***** 4.00 885} 1.00 1916} 2.00 614: 12.00 1740: 2.00 529: 3.00 846'
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    • 672 17 Bloomberg [AMSTERDAM] European Aeronautic, Defence Space Co (EADS), repeated its forecast for lower earnings this year as the global recession restrains demand for aircraft. EADS, the parent of planemaker Airbus SAS, expects earnings before interest and taxes to decline from the 2.8
      – Bloomberg; AFP  -  672 words
    • 340 17 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, surpassed 3,000 points for the first time since October, buoyed by Chinese demand for iron ore. The index tracking transport costs on international trade routes rose 222 points, or
      – Bloomberg  -  340 words
  • Page 17 Advertisements
    • 155 17 SOUTH EAST ASIA AND SOUTH ASIA/AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1 July
      155 words

  • EDITORIAL & OPINION
    • 467 18 EVERYBODY wants to believe that the light at the end of the tunnel of the current economic crisis is now discernible. And why not? After almost two years of persistently gloomy news, it is certainly time for a change, even if most economic indicators say
      467 words
    • 799 18  -  LEE KUAN YEW Japan and Germany need an American recovery in order to bounce back By THE impact of Obama's economic policies on the US economy will be felt between the end of 2009 and 2010. To date Treasury Secretary Tim Geithner and
      AP; : Forbes Asia  -  799 words
    • 785 18  -  HARISH MEHTA THE BOTTOM LINE AS Singapore grapples with its first case of swine flu which originated at American factory farms that produce pork, the United States itself is turning its attention to another health hazard E. coli contamination of meat products. The
      785 words
    • 1295 19  -  DON LEE LAT-WP Government incentives for car ownership is a big reason why China has overtaken the US in car sales this year By LIKE everybody else in his farming village, Zhan Changchun used to get around on a bicycle. This month, the 29-year-old
      – LAT-WP; REUTERS  -  1,295 words
    • 806 19  -  JOSH ZHOU By AMID this financial crisis, there has been much talk about whether China will continue to finance American debt and whether global capital's flight-to-quality into the United States' capital markets will continue. These are questions that will have a significant impact on
      AP  -  806 words


  • SINGAPORE STOCKS
    • 8794 20 Transaction date: May 28 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi! Com| >ari] 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938
      8,794 words
    • 1646 21 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr 7o P/E MCap Smil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 3.5 0.5 1501 s Advanced System 10.5 2 3480 t Adventus 27.5
      1,646 words
    • 328 21 109 100 6389 ABFSG Bond ETF 109 964 427 CIMBAsean40 100US$ US619 unch 236 149 DBS STI ETF 100 230 -2 2510 1682 DBXT FTChina25 10US$ US2510 4464 3228 DBXT FTVietnam 10US$ US4464 1388 850 DBXTMSTaiwan 10US$ US1388 9958 5220 DBXT Nifty 10US$ US8934 9613 6888 DBXT S&P
      328 words
    • 258 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      258 words
    • 9384 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.763/ AIGIF S'pore Bond Fund/ A 1.239/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.93/ APS Alpha Fund (USD)!** 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.4996/ APS Komaba
      9,384 words
  • Page 20 Advertisements


  • FINANCE & COMMODITIES
    • 381 22 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change May 27 World Index Preliminary 698.9 0.4 3.1 0.5 5.2 0.4 4.1 t EAFE Prel liminai 672.7 0.7 3.6 0.7 6.4 0.6 5.7 Euroi Prelim
      381 words
    • 125 22 As at 9am May 28 >f foreign currency: lurrencies Bid Offer gist dollar 1.1230 1.1570 dollar 1.2910 1.3060 luro 2.0010 2.0230 IZ dollar 0.8890 0.9080 iterlini ind 2.3090 2.3340 )S dollar 1.4470 1.4630 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer Ihi renminbi
      125 words
    • 171 22 May 28 er Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.01 US$ Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.32 0.40 0.70 0.85 1.10 1.90 2.00 Offer 0.22 0.30 0.40 0.55
      171 words
    • 14 22 May 28 STI IIMSCI Jun 278.1 278.2 275.2 "aiwan Jun closed
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    • 21 22 May 28 Bid Offer 1-month 1.4518 1.4533 2-months 1.4517 1.4533 3-months 1.4517 1.4533 6-months 1.4516 1.4532 Source: OCBC
      21 words
    • 59 22 May 28 lelivery flonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low lun 09 2560 lul 09 2529 Hug 09 2506 >ep 09 2495 Total o/p: ***** contracts 2585 2585 2560 2541 2544 2478 2505 2525 2440 2490 2504 2430 Turnover: ***** Market tone:
      59 words
    • 298 22 May 28 EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3075 99.2350 99.0100 98.8550 6027 5117 4154 2949 EUROYEN TIBOR FUTURES JunO9 99.450 99.450 SepO9 99.525 99.525 DecO9 99.540 99.540 Mar10 Jun10 Sep10 Dec10 Mar11 99.450 99.525 99.540 99.450 99.535 99.545 99.525 99.490 99.410 99.365 99.280 415 191 250
      298 words
    • 190 22 May 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High I Low Close Sett Volume (lots) O/l (lots) JunO9 173.5 Jul 09 171.0 Aug 09 170.0 Sep 09 Oct 09 NOV09 172.0 171.0 169.5 172.0 171.0 170.0 170.0 169.0 169.0 7 20 80 320 8 8
      190 words
    • 88 22 May 28 Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****W 27.08.09 1-Year BY*****W 03.05.10 0.21 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid ma Day's gh Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****X
      88 words
    • 102 22 May 27 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1187.00 1185.50 1200.75 1177.50 Aug 09 1147.50 1150.00 1161.25 1139.75 Sep 09 1090.50 1087.50 1138.00 1083.25 Nov 09 1050.00 1042.50 1058.75 1040.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 37.81 37.75 38.04
      102 words
    • 77 22 CRUDE OIL PRODUCTS May 27 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 61.92 1.55 WTI (Near Mth) 63.22 0.91 Dubai (1-Mth F) 60.68 3.17 Tapis blend 64.75 4.00 Minas 64.55 4.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 58.72 66.80 3.40 2.40 US$/barrel Opec Oil
      77 words
    • 447 22 May 28 iuro 'en (on 'eso lam 'ouni Australia 0.874 5.325 0.562 6.046 37.122 80.748 0.753 9.799 2.741 1.258 63.109 36.978 1.133 6.346 0.850 25.449 26.845 0.490 0.780 Canada 1.144 6.090 0.643 6.915 42.457 92.352 0.862 11.208 3.134 1.438 72.178 42.292 1.295 7.258 0.972 29.106 30.702 0.560
      447 words
    • 77 22 May 28 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      77 words
    • 152 22 May IS Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1320 1.1334 0.7797 0.7799 Canadian dollar 1.2947 1.2962 0.8918 0.8919 Euro 2.0145 2.0169 1.3876 1.3878 NZ dollar 0.8998 0.9015 0.6198 0.6203 Sterling 2.3121 2.3151 1.5926 1.5931 US dollar 1.4518 1.4533 S$IUS$
      152 words
    • 132 22 May 28 /oz) lay lay long Kong .ondon 946.50 945.40 947.50 946.40 May 26 May 27 950.70 953.30 951.70 954.30 Source: Thomson Reuters CAST BAR (SS) May 28 Buying Sellini Kilobar "47,479.11" ***** PAMP GOLD BARS (SS) Selling Buying gm jgm Ogm !0gm JOgm OOgm oz ozUBS Kinebar™
      132 words
    • 63 22 May 27 iri iiuiii, yy.i (US$/tonne) Close Previous :ash 1370.75 months 1405.00 1416.50 1452.00 Copper, Grade A (US$/tonne) :ash months 4656.50 4665.00 4658.00 4660.00 .ead (US$/tonne) :ash months 1434.00 1445.00 1436.50 unch lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00
      63 words
    • 74 22 May 27 (£/tonne) Close Prev Hii ih/Low lul 09 1638 1608 1649/1608 iepO9 1643 1609 1650/1608 Dec 09 1634 1608 1644/1613 War 10 1633 1607 1640/1610 IOFFEE (US$/tonne) Close Pev High/Low Way 09 1508 1485 1509/1498 lul 09 1533 1510 1535/1513 iepO9 1546 1523 1548/1522 SUGAR (US tonne) White
      74 words
    • 2552 22 BONDS,WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left Asia-PacificStrategicW*****6 4.5 0.5 3116 1 15 15 3.78 60 2036AdvanceSCTLtdW*****9 0.5 susp 1 87 2400 7.00 15 9092 Asia Environment W*****4 0.5 1 38 67
      2,552 words

  • Page 23 Advertisements
    • 2950 23 m The Business Times Shipping Times m\\ _*M KPfl fftt-B jJHHH f WAN HAI INTERNATIONAL PTE LTD MEN: *****4695 M M-— _^_T^ W K%kM W_WrWslT_W____m VTiJVI\ IAIA M UAI I IMF? TEL *****588 (KLINES) FAX:*****163 I t&^mtSiSb \\^m\ I WAN HAI INt J FKL TEL: <03| *****888 FAX: (03) *****283
      2,950 words

  • Page 24 Advertisements
    • 2905 24 eastern car liner, ltd 11 (ft S3Cg3£^ I l^^j^^ lf-~ specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I .m...w.. nAK 91 Afi rtfl/rtA ln/AA ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS >«■*»■ I ORANGE SKY 173 55 08/06~ ~097(>6 IIToT ViSSiL
      2,905 words

  • BEVERAGES
    • 1233 25 N K YONG offers a primer to the novice investor in search of 'investment grade' wines NVESTING in wine is now so widely practised that it no longer sounds like heresy and even if not approved of by the purists, at least its existence
      FILE PHOTO  -  1,233 words
    • 805 25  -  CHRISTOPHER LIM will. By BIGGER isn't always better, according to Dominique Heriard Dubreuil, chairman of the board for Remy Cointreau, which officially split from joint distribution entity Maxxium on April 1. "Size helps sometimes in life, but not always. What's really an asset is
      will.  -  805 words
  • Page 25 Advertisements

  • Page 26 Advertisements
    • 1723 26 JL^I V/ X JL^^ JLj tj Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg m IN THE MATTER l^fßmt* OF I I LO I THECOMPANIESACT.CAP.SO 0 rl^na Bank B^*i«l 11^ IN THE MATTER Head Office: Hana Bank Building 101-1 1-Ka Euljiro, Chung-Gu, Seoul, Korea 100-191, http://www.hanabank.com OP Singapore Branch: 8 Cross Street,
      1,723 words
    • 590 26 IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND AND AND IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF EHS HEALTH SCREENERS PTE. LTD. GMMC MARITIME MEDICAL
      590 words
  • Page 26 Miscellaneous
    • 517 26 fa i? I IPi I Remembering Tank Man I TANK Man Tango by Australian artist Deborah Kelly (left), in I consultation with ex-Beijing designer Wei Lan, serves as a I momentary monument to the 1989 Tiananmen Square protesters. I In collaboration with The Substation, Tank Man Tango is a public
      517 words

  • Page 27 Advertisements
    • 102 27 Jack's -g> W J Places Great Value Set Lunch (Available from 11.00 am to 2.30 pm) Jack's Place Restaurants: www.ipgroup.com.sg Jacks Dl-±ti-A j Bras Baiah GoniplH Century Square Heeren SAIRAJinng dub j'CTu ICI L*T >< Tel: 6338 6634 Tel: 6788 5508 Tel: 6738 8683 Tel: 6795 9226 AndwrPolnt Bukh Panjang
      102 words



  • executive lifestyle
    • 410 30 The Republic's successful show at Milan's prestigious furniture fair in April spells a new era for Singapore design, reports LIM SIO HUI AT the Salone Internazionale del Mobile in Milan last month, Singapore's manufacturers and designers showed they were no slouches in the world of high-design
      410 words
    • 459 30 STAR FURNITURE THE 28-year-old brand might be well-established in the region, with over 30 showrooms offering their comprehensive collections in Taiwan and Singapore, but Star Furniture's biggest task in Milan this year was in getting international buyers to take the company seriously, thanks to
      459 words
    • 396 30 EXIT DESIGN FOR PC Ec, creative director of Exit Design, this year's participation sealed a change in direction for his young company: that from designer to producer. Although his designs have been exhibited in Milan twice previously at Salone Satellite, this year saw the
      396 words
    • 424 30 KODA FURNITURE THIRTY-seven-year-old veterans in the field, leading export manufacturer Koda has been participating in Milan's furniture fair since the 1980s, although it stopped for seven years due to the fair's lack of focus and slowing business, says James Koh, managing director. Now with
      424 words
    • ARTS
      • 886 26 An exhibition of Straits Chinese jewellery gives an insight into the richness of Peranakan culture, reports AUDREY PHOON NEARLY a century ago, diamonds were "almost as cheap as kacang putih". But that was not enough reason for the Peranakans to buy them. "They were unsure
        886 words
    • BOOKS
      • 1858 27 Children's books shortlisted for the Carnegie and Greenaway medals this year are especially exciting for boys, finds out CLARISSA TAN The Knife of Never Letting Go By Patrick Ness Walker Books Pages: 496 Format: Paperback Price: 5518.50 before GST Other info: Winner of Guardian Children's Fiction Prize
        1,858 words
    • CINEMA/ARTS FEST
      • 690 28 The direct links with the original Terminator movie give Terminator Salvation an emotional and nostalgic resonance lacking in the other sequels, says ONG SOH CHIN T is amazing to realise that it is only now, three sequels and 25 years later, that audiences finally get to
        BLOOMBERG  -  690 words
      • 464 28  -  GEOFFREY EU By THE topical references and tributes to classic sci-fi flicks come thick and fast in the latest animation offering from Dream Works, but you don't have to be in the know to get a kick out of Monsters vs Aliens, a hightech
        BLOOMBERG  -  464 words
      • 574 28  -  AMANDA DE GUZMAN By WITH its dense, sweeping narrative that has over a hundred characters, Leo Tolstoy's Anna Karenina isn't the easiest novel to adapt into a ballet. Its firm position in the pantheon of Russian literature also makes for a daunting legacy to live
        574 words
      • 677 28  -  CLARISSA TAN By PAUL Morocco was born of a Moroccan Jewish mother and an American Cajun father, grew up in Virginia, and is passionate about all things Spanish. So naturally he now lives in the town of Chertsey on the outskirts of London. At
        677 words
    • MUSIC/GAMING
      • 781 29 James Hill makes his South-east Asian debut tonight, reports CHRISTOPHER LIM F the ukelele conjures images of Hawaiians plucking languidly at the stringed instrument, you're overdue for an update this distant relative of the guitar has expanded its influence quite a bit in the world. After
        781 words
      • 629 29  -  CHRISTOPHER LIM By WHEN games were first released for Apple's iPhone last year, the acme of what was available then was stuff like sliding a mug of beer down a virtual bar counter top without it crashing to the virtual floor. Great graphics,
        629 words
      • 502 29  -  ONG BOON KIAT CD REVIEW Sounds Of The Universe Depeche Mode Mute/EMI Rating: C+ A Woman A Man Walked By PJ Harvey and John Parish Island Records Rating: C IN Sounds Of The Universe, Depeche Mode's 12th studio album, Dave Gahan, Martin Gore,
        502 words
  • Page 30 Miscellaneous