The Business Times, 30 May 2009

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Microfilm: NL30016
Total Pages: 45
1 45 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg may3o-31,2009 Sji.OO mica(p)l9B/08/2008 A SINGAPORE PRESS HOLDINGS PUBLICATION
    13 words
  • Article, Illustration
    Lock icon Canadian school's campus rumpus
    768 1  -  Joyce Hooi With work on Jurong West Campus stalling, some parents threaten to stop paying building fee By joyceh@sph.com.sg Singapore FOR an institution that is in the business of providing answers, the privately-owned Canadian International School (CIS) has left a group of irate parents with a
    ______________ ARTHUR LEE  -  768 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      172 1 <^^L XZ--*' AMMMMWmm^^^^^^^^^^^^^^^^^^^^^^^^ VT| |jH| LETTER FROM NYU WEEKEND WITH BBSES SPORE ARTS TOP TO BOTTOM Home prices slide A YEAR ago, Singapore was ranked the fourth best-performing market in the world under Knight Frank's Global House Price Index. This week, it emerged as the third worst in a table
      172 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      21 1 T BT Living FINDING THE RIGHT MIX kAII about multi-concept retail spaces Living 2-4 ~-'"-,y '^q 3B'^_>™"A___W^2 _L______P\ W il I
      21 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 1,044.11 +2.87 NIKKEI 225 9,522.50 +71.11 HANG SENG 18,171.00 +285.73 SET 560.41 +4.98 JAKARTA 1,916.83 +13.96 MANILA 2,389.31 +34.94 KOSPI 1,395.89 +3.72 SHENZHEN B 421.33 +9.25 MUMBAI IND 14,625.25 +329.24 12.nnnm EDT Chnnfre 12.00am EDT Change DOW 8,370.83 -32.97 NASDAQ 1,744.11 -7.6:
        45 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.244 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        41 2 US$ 2$ ler US$; 1.448 ;us$, 1.605 2.323 EURO. ;us$/s$/i 1.400 2.026 YEN 96.50 66.60 RM 3.497 2.416 HK$ 7.752 5.355 BAHT 34.33 23.72 RUPIAH 10,300 7,115 RENMINBI 6.828 4.717 INDIAN RUPEE 47.29 32.67 A$ 1.265 0.874 NZ$ 1.589 1.097
        41 words
    • Article
      Lock icon S'pore home prices slide down the ladder
      868 2  -  Kalpana Rashiwala From being among world's best performers last year, it's among the worst in Ql By FROM around the top of the heap to near the bottom of the pile in just 12 months! A year ago, Singapore was ranked as the
      868 words
    • Article
      Lock icon Firms wary, but feel flu fever will subside
      641 4  -  Nisha Ramchandani Some take travel precautions, tourism sector is waiting and watching By Singapore THE SPREAD of the Influenza A (H1N1) virus to Singapore couldn't come at a worse time for Singapore's tourism and travel industries, which are already reeling from the
      641 words
    • Article
      Lock icon Bank lending slips 0.3% in April
      696 5  -  Conrad Tan By conradt@sph.com.sg Singapore BANK lending here dipped again last month after a slight increase in March, as loans to businesses shrank for the sixth straight month and lending to the building and construction sector stalled. Total Singapore-dollar bank loans at end-April stood
      696 words
    • Article
      Lock icon Temasek in talks on Chartered stake sale
      381 5  -  Jamie Lee No definitive offer has been put on the table so far by Abu Dhabi's ATIC, says source By Singapore TALKS have started between Temasek Holdings and Advanced Technology Investment Company (ATIC) on the sale of the Singapore investment company's near-60 per
      381 words
    • Article
      Lock icon Economy sinks at a 5.7% pace in Q1
      330 5 AP, Reuters LATEST US DATA Washington THE US economy sank at a 5.7 per cent pace in the first quarter as the brute force of the recession carried over into this year. However, many analysts believe activity isn't shrinking nearly as much
      AP,; Reuters  -  330 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      68 2 NEWS LIVING Top Stories 2-5 Shopping L 2-4 Raffles Conversation 6,7 Entertaining L 5 Week In Review 8 Dining L 6,7 From The Desk Of 9 Gadgets L 8,9 Letter From Abroad 16 S^r* Aj^ Stocks stats T9-23 Travel L 10 '1T Perspective 24,25 Heakb L13,T4 Wealth 26-30 Weekend With
      68 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      359 3 Verdures A True Holland Address ___B_^__-!!_____^_____'*~ MvfL^JVT^_rtf^_____r *_y_U___i__w^l?^___. J-^ J~~*~^*^^ *i I _—i **3Hfi!i^t_iv.V* '<:'-T-' iS*''^-- '^TtV J'1"■ N-^<i?''_Wß_?^_______^__*_-■*' < *^__H I fcM_s__!_P^ s?*^^;mS; *L^ Molteni&C A2£° R SieMatk! gaggenau Inspired by the greenery of Holland Park r J J NanyangGirts' Orchid _^^P High Sch National VlMage and the Botanic
      359 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Keeping a tight rein on bankers
      2051 6  -  Vikram Khanna Saudi Arabia's central bank governor Muhammad Al-Jasser explains how his country has managed to avoid the worst effects of the global financial crisis. By WHILE there is hardly a country in the world that has been unaffected by the global financial crisis
      YEN MENG JIIN  -  2,051 words
    • Article
      Lock icon Raffles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Keppel sells SPC stake for $660m gain
        49 7 KEPPEL Corp is set to reap a gain of $660 million from selling its entire 45.51 per cent stake in Singapore Petroleum Company for $1.47 billion in cash to PetroChina Company, one of the largest oil and gas companies in the world.
        49 words
      • Article
        Lock icon Don't single out S-chips: Roundtable
        61 7 SINGAPORE-LISTED Chinese stocks, or S-chips, should not be singled out as the problem child of the stock exchange. The troubles facing them are not confined to the cluster, but also apply to other small caps and emerging market stocks, speakers told a Roundtable discussion jointly
        61 words
      • Article
        Lock icon Developers dangle rent guarantees
        32 7 SOME developers in Singapore are turning to rental guarantees to lure buyers. They help buyers secure tenants, and also ensure that the owner gets a minimum pre-de-termined yield.
        32 words
      • Article
        Lock icon Commodities turning from dross to gold
        34 7 COMMODITY markets seem to have turned the corner, with market indices climbing more than 16 per cent from their troughs in the first five months of the year.
        34 words
      • Article
        Lock icon Pharma jump flatters April's glowing report
        57 7 INDUSTRIAL output in Singapore has again exceeded expectations this time, on the up side, though April's strong improvement was exaggerated by a pharmaceutical surge. After sinking to an all-time low in March, manufacturing output shrank "only" 0.5 per cent from a year ago in
        57 words
      • Article
        Lock icon US housing market seen hitting bottom soon
        63 7 THE slump in the US housing market that caused the median value of homes to decline 24 per cent since 2006 may bottom next month without any prospect of a rebound for another year, according to estimates from chief economists at Fannie Mac
        63 words
      • Article
        Lock icon Panel to help S'pore economy chart new course
        72 7 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
        72 words
      • Article
        Lock icon Genting again rocks the boat at Sentosa
        86 7 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. It said that existing shareholders of the company had sold
        86 words
      • Article
        Lock icon M'sian economy on the road to recession
        48 7 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.
        48 words
      • Article
        Lock icon Temasek's 6-year report card shows $56b gain
        75 7 TEMASEK Holdings's portfolio grew $56 billion since March 2003 as its $58 billion loss last year came after "a much greater gain" of $114 billion in the five preceding years. Finance Minister Tharman Shanmugaratnam said that Temasek has "performed respectably", and that "the
        75 words
      • Article, Illustration
        Lock icon GM cuts deal with shareholder group
        95 7 GENERAL Motors 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 yesterday that it offered bondholders 10 per cent of the company's stock with warrants to
        REUTERS  -  95 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      297 7 CRYPTIC CROSSWORD Saturday with Ludwig across n —Tj —I —|j —I —rj k —i —[g —i r —i —ig —i —i 7 Talk about learner driver a 9 Financial security obtained \k instrument (4,4) f^"^! 20 False rumour an eccentric vN; rJ /Nl V^ 12 Salad vegetable in a meal
      297 words
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      106 7 NEXT WEEK June 1-5,2009 US DATA June 1 April personal income/spending April construction spending May ISM Index June 2 April pending home sales May auto sales June 3 May employment change April factory orders May ISM services Crude Inventories June 4 Initial job claims Q1 productivity revised Q1 unit labour
      106 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Working with the new face of risk
      962 8  -  J V Pook The business of banking will always be fraught with risks. But what is known can be managed, and what is unknown can be anticipated. Banks need to act now to put their credit shops in order FROM THE DESK OF
      962 words
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  • COMPANIES
    • Article
      Lock icon Market cap rises 23% to $535.7b in May
      679 9  -  Vincent Wee Climb to 9-month high brings market value gain for first five months to 36.3%; top 7 places remain unchanged By Singapore BUOYED by an ongoing recovery in share prices driven by optimism that the downturn may have bottomed, market capitalisation
      679 words
    • Business briefing
      • Article
        Lock icon Higher interest cost for Rickmers
        59 9 ONE of Rickmers Maritime's lending banks has continued to invoke the market disruption clause in a loan. This means an increase in interest cost of about U5537,500 for the current fixing period ending Aug 28, 2009. It will not have a significant impact on Rickmers
        59 words
      • Article
        Lock icon Swiber placement to raise $71.8m
        49 9 SWIBER Holdings is planning to make a placement of 84 million new shares at an issue price of 88 cents per share. CIMB-GK Securities is the placement agent. The estimated net proceeds of about $71.8 million are to be used for general working capital.
        49 words
      • Article
        Lock icon China Zaino chairman pares stake
        92 9 CHINA Zaino said that Chen Xizhong, the founder, single largest controlling shareholder and executive chairman of the company, has sold 25 million shares at 24 cents apiece and another 150 million shares at 23 cents each. The shares were sold mainly to internation- al institutional
        92 words
      • Article
        Lock icon MAS re-appoints board members
        59 9 THE Monetary Authority of Singapore (MAS) has announced that its managing director Heng Swee Keat and Koh Yong Guan, chairman of the Central Provident Fund Board, have been re-ap-pointed to the MAS board for a further period of two years. Their re-appoint-ments take effect on June
        59 words
      • Article
        Lock icon Keppel's new independent director
        42 9 KEPPEL Corp has announced the appointment of Senior Counsel Alvin Yeo as an independent director and member of the executive and board safety committees. Mr Yeo, 47, is senior partner of WongPartnership LLP and a Member of Parliament.
        42 words
    • Article
      Lock icon Regent Garden enbloc deal: majority owners lose appeal
      351 9  -  Arthur Sim By Singapore THE Court of Appeal yesterday dismissed an appeal by the majority owners of Regent Garden who oppose a $34 million collective sale deal with Allgreen Properties. The appeal was lodged on May 15, 2008, by 23 of 25
      351 words
    • Article, Illustration
      Lock icon Sale of SPC will help the oil unit grow: Keppel
      618 10  -  Vincent Wee CORPORATE FOCUS It is not prepared to invest further to take unit to the next level, something that PetroChina can do. By KEPPEL Corp has explained its rationale for selling its entire 45.51 per cent stake in Singapore
      FILE PHOTO  -  618 words
    • Article
      Lock icon RSH spills more red ink as Q4 loss hits $6.6m
      550 10  -  Jamie Lee By RSH Ltd, a sporting products wholesaler and retailer which runs the familiar Royal Sporting House chain, sank deeper into the red in its fourth quarter as revenue dipped and said that it was looking to consolidate some
      550 words
    • Article, Illustration
      Lock icon Hectic rotational play key feature in firm week
      589 11  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent HECTIC rotational playing of second liners was the main theme in yet another positive week for the local stock market, thanks to continued belief that the "green shoots" which US officials have said are appearing in
      589 words
    • Article
      Lock icon TOP 20 ACTIVES
      116 11 VOL CLOSE VChinaZaino 172,929 25 -3.0 -10.7 Centini SP 161,116 73 2.0 2.8 JniFiber 158,083 2.5 45.5 Colder 111,033 425 2.0 4! Cosco Cor 79,299 128 9.0 7.( rrkwa\ Hldj 63,643 149 6.0 4.2 Jealthwax 58,722 11.5 2.0 21.1 49,095 380 10.0 2.7 fan! 47,505 80.5 0.5
      116 words
    • Article
      Lock icon TOP GAINERS
      54 11 BY CENTS UP CLOSE iLD 10US$ 9542 327.0 2.4 IMH 2560 115.8 3.2 ISH 1420 83.9 4.3 ir MS India 10US$ 1214 70.9 4.: .ES.0906 957 61.0 6.! ;iA.ES.0905 1270 52.0 4.3 .ES.0905 955 51.0 5.( ICBC Bk45%NCPS 100 9000 50.0 0.6 ir India Nifb 10 1373 48.0
      54 words
    • Article
      Lock icon TOP LOSERS
      50 11 CLOSEDOWN iBXT FTVietnam 10US$ 4312 -219.9 -3.. iBXTS&P Short 10US$ 6926 -124.4 -i.: IOB.ES.0906 1428 -28.0 -I. 1 "otal Access 75.5 -13.8 -11C .0905 131 -13.0 -9.1 ;tarHub.ES.0905 214 -13.0 -5." Sembawani 346 -9.0 -2.! 101 245 -9.0 -3. :&N 397 -7.0 -1." Ceppel Corp 720 -7.0 -1.1
      50 words
    • Article
      Lock icon STI STOCKS
      100 11 CapitaLand 3.800 +0.100 1.330 +0.010 :if 'Dev 9.450 +0.410 ComfortDelGro 1.290 +0.010 Cosco Corp 1.280 +0.090 IBS Grp 11.800 +0.200 :&N 3.970 -0.070 ientin: SP 0.730 +0.020 iolden ;ri 0.425 +0.020 IK Land 3.480 +0.050 IMH 25.600 +0.800 ISH 14.200 +0.580 lardine C&C 16.400 +0.060 Ceppel Corp 7.200
      100 words
    • Article
      Lock icon Abterra completes purchase of coal firm stake
      485 11  -  Lynette Khoo By Singapore ABTERRAhas completed its acquisition of a 49 per cent stake in a China coal mine for 188 million yuan (5539.7 million). The coal mine, Shanxi Tai King liao Zhong Coal Industry Company (TaiXing), produces high quality semi-hard coking coal
      485 words
    • Article
      Lock icon Crisis raises demand for escrow services
      565 12  -  Conrad Tan More deal makers asking banks to act as agents until transactions are done By Singapore THE financial crisis has triggered a sharp rise in demand for once-obscure escrow services that some banks offer to customers to safeguard their interests in commercial transactions.
      565 words
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  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      197 10 maamfa\4 MAIM g^NOTICES In the matter of The Companies Act, Cap. 50 And In the Matter of YEE SHENG FURNITURE PTE LTD (Company No. *****8271W) (Incorporated in the Republic of Singapore) NOTICE TO CREDITORS OF MEETING Notice is hereby given, pursuant to Section 296 of the Companies Act, Cap. 50,
      197 words
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  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      24 11 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@>sph.com.sg. MATS n NOTICES
      24 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      464 12 BEDB brunei darussalam THE BRUNEI ECONOMIC DEVELOPMENT BOARD Project Management Consultancy OPEN INVITATION FOR EXPRESSIONS OF INTERESTS. REQUEST FOR TENDER DOCUMENTS TENDER REFERENCE NO:TC 09 06 OO The Brunei Economic Development Board (BEDB) is currently undertaking large scale housing development projects on behalf of the government of Brunei Darussalam. The
      464 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Social implications of govt aid under spotlight
      602 13  -  Chen Hui Fen YESTERDAY IN PARLIAMENT MPs also highlight the reliance on foreign workers to fill critical jobs and boost the country's competitive edge xuifen@sph.com.sg HUMAN resource management was among the key issues debated in Parliament yesterday, with MPs highlighting the social implications
      ALPHONSUS CHERN^HE STRAITS TIMES  -  602 words
    • Article
      Lock icon BMW Financial Services gears up in Singapore
      315 13  -  Joyce Hooi By ASPIRING BMW owners might now have more help with owning their first BMW car, following the entry of BMW Financial Services in Singapore. Launched yesterday by the BMW Group, the new service will introduce financing packages tailored just for BMW
      315 words
    • Article
      Lock icon India group takes over stalled power project
      270 13 INDIA'S GMR Group took over 100 per cent ownership of InterGen's Island Power project in Singapore yesterday. The deal was signed a day after GMR said that it was in close talks with Inter Gen, in which it has a 50 per cent
      270 words
    • Article
      Lock icon Government to study H1N1 virus samples
      547 14  -  Emilyn Yap Flu control measures here may be relaxed if flu bug is mild By THE government will study samples of the Influenza A (H1N1) virus here and may relax some flu control measures if the bug proves to be mild. Health Minister Khaw
      547 words
    • Article, Illustration
      Lock icon Aerospace industry show yields $1.7m in sales
      364 14  -  Nisha Ramchandani By SALES worth $1.7 million were generated during the three-day inaugural Singapore Aerospace Supplier exchange (ASK), which concluded yesterday. "Within these difficult times, businesses are constantly looking for opportunities to diversify, cut costs, improve efficiency, enhance their supply chain, and bring
      364 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      209 13 w^rrs mam g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KUFNER TEXTILES SINQAPORE PTE LTD Co. Reg. N0.*****1459E (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final
      209 words
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  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      30 14 FOR SALE llßß^fl by Hißiiip TENDER IIBB^B GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email SI notices@sph.com.sg. B|
      30 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Letter, Illustration
      Lock icon Graduating into uncertainty
      800 15  -  Joyce Koh LETTER FROM NEW YORK Graduate of New York University's Business and Economic Reporting programme A SEA of purple spread before me, as I weaved through the crowds looking for my friends. It was commencement day as graduates in their purple gowns posed for pictures with
      AFP  -  800 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      168 15 EXPERIENCE THE PAMPERING TOUCHES OF OUR jpTr SOMERSET SERVICED RESIDENCES IN VIETNAM B] jl] Ideal for international executives and families looking for work-life balance, Somerset Grand Hanoi H U&jj| r3fe 1 r»^ t Somerset serviced residences in Hanoi and Ho Chi Minh City offer you a warm c t W
      168 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      15 15 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words
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  • WORLD
    • Article, Illustration
      Lock icon Rudd calls for tough action against N Korea
      430 16  -  Teh Shi Ning Aussie PM also pushes for his proposal of an Asia-Pacific community by 2020 By Singapore AUSTRALIAN Prime Minister Kevin Rudd yesterday called for a "unified demonstration of strength" from the international community, saying that "harsh financial measures" are needed
      AP  -  430 words
    • Article
      Lock icon Malay Mail poised to change hands again
      576 16  -  S Jayasankaran By! Kuala Lumpur A UNIT of Malaysian media company Redberry is poised to acquire 75 per cent of the Malay Mail, one of the country's oldest newspapers, which has been struggling with continued losses despite a change of ownership more than
      576 words
    • Briefing
      • Article
        Lock icon Aust approves Vodafone, Hutchison merger
        84 16 Bloomberg Sydney VODAFONE Group's plan to combine its Australian unit with Hutchison Telecommunications (Australia) Ltd won approval from the nation's antitrust watchdog, which put aside initial reservations that the merger may raise prices. The approval by the Australian Competition and Consumer Commission brings Hutchison and
        Bloomberg  -  84 words
      • Article
        Lock icon Britain facing 'miserable years': HSBC economist
        118 16 Bloomberg London PRIME Minister Gordon Brown's efforts to rescue Britain's banking system from the financial crisis has left the country facing "miserable" years of austerity, said Stephen King, chief economist at HSBC Holdings Pic. "What we've already seen is a fiscal policy designed to
        Bloomberg  -  118 words
      • Article
        Lock icon Microsoft unveils new search engine
        55 16 AFP San Francisco MICROSOFT on Thursday unveiled a new Web search engine, Bing, designed to intuitively understand what people are seeking on the Internet and challenge online king Google. The US software colossus described Bing as a "Decision Engine" and said it will be deployed
        AFP  -  55 words
      • Article
        Lock icon GM, Magna agree on deal that may save Opel
        93 16 Reuters Frankfurt GENERAL Motors (GM) and Canadian auto parts group Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations said yesterday. The two sides have been trying to agree on
        Reuters  -  93 words
    • Article
      Lock icon Pay for performance? Not on Wall St
      657 17 Reuters TARP recipient banks' shift towards boosting salaries and cutting bonuses draws criticism New York REWARDING employees for hard work, and not just for showing up, has become a key tenet of good corporate compensation policy. So why are some Wall Street firms
      Reuters  -  657 words
    • Article
      Lock icon Japan April factory output up 5.2%
      608 17  -  Anthony Rowley But strongest gain in over 50 years tempered by jobless rate hitting 5-year high of 5% By; the yen has also encouraged investors, they said. Economists had been expecting the industrial output to rise by 3.2 per cent in April over the
      608 words
    • Article, Illustration
      Lock icon Opel bidder frustration mounts, rescue under threat
      258 17 Reuters Frankfurt GERMAN efforts to forge a rescue for General Motors (GM) unit Opel were under threat yesterday after Italy's Fiat skipped a crucial round of talks in Berlin and frustration mounted at rival bidder Magna. The German government is scrambling to safeguard
      Reuters; AFP  -  258 words
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  • SGX
    • Article
      Lock icon Untitled
      2358 18 Transaction date: May 29 52-wks Tel ligh Low Code Company Last Sale Vol Cooo) Day Last Quote High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 1 3 3148 8Telecom 0 2.5 5834 A-Sonic 10.5 12 5000 ABR Hldgs _5 5.5 1938 AEI Corp 1t5 1 1100
      2,358 words
    • Article
      Lock icon Untitled
      3321 19 Transaction date: May 29 52-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote Div GrYld Net COOO) High Low Buyer Seller C'vr P/E M Cap Smil '1 10 2502 Del Monte 165 55 1957 DelongH i5 10 3143 DesignStudio !3 35 1523 Devotion 1670 ***** 6065 Diamonds
      3,321 words
    • Article
      Lock icon Untitled
      3376 20 Transaction date: May 29 SZ-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap 52-wks Tel Last High Low Code Company Sale Vol Day Last Quote COOO) High Low Buyer Seller Div GrYld Net M Cap C'vr P/E Smil 38.5 18 5720 Nera Tel 30 +1.5 15 2.5
      3,376 words
    • Article
      Lock icon SGX CATALIST
      1686 21 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 9 5 1181 s AAGrp 12 12 8538 t APStrategic i.5 0.5 1501 s Advanced System 0.5 2 3480 t Adventus 17.5 8.5 3518 s Afor 7.9 2 1524 t Alantac 9.5 3.5 7814 t
      1,686 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      47 21 Up Down Unch 113 3 Up Down Unch 0 0 0 Up Down Unch 113 3 lulti Ind Tanul hactunnj .ommerce ■inance ,onst ruction 'roperties Tro\ Totel SET cervices led las/ rater .ure larr Active counters with no volume for todaj are not included.
      47 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      177 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
      177 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      848 21 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 25 Trans Date Shareholder/ Director Sell Conv Shares '000 Per ShrS Before ('000) After ('000) Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) itock Stock Asia Water
      848 words
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 22 Source: YTD change:+32.2l% 52-week high: 3,214.64 on June 2,2008 52-week low: 1,455.47 on March 10,2009 Bloomberg
        : Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 22 YTD change: +26.29% 52-week high: 24,923.2 on June 2,2008 52-week low: 10,676.20 on Oct 27,2008 Source: :Bloomberg
        :Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 22 Source: YTD change:-4.04% 52-week high: 12,726.60 on May 29,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Bloomberg
        : Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        365 22 May 28 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 691.9 0.1 2.1 0.0 4.1 -0.2 3.3 EAFE Preliminai 668.3 -0.6 3.0 -1.0 5.3 -1.1 4.5 Euroi Preliminai 924.9 -0.9 1.5 -0.9 5.7 -1.0 4.9 Pacific 571.9
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        Lock icon Shanghai Stock Exchange Composite
        20 22 YTD change:+44.6o% 52-week high: 3,486.33 on May 28,2008 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
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        Lock icon Nikkei 225
        18 22 Source: YTD change:+7.4B% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Bloomberg
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        Lock icon INTERBANK CURRENCY RATES
        145 22 May 29 lurrencies Bid i$/US$ to one unit of foreign currency: Australian dollar 1.1434 Offer 1.1444 Bid 0.7902 Offer 0.7903 Canadian dollar 1.3069 1.3084 0.9032 0.9036 iuro 2.0252 2.0271 1.3996 1.3999 IZ dollar 0.9105 0.9120 0.6292 0.6298 Sterlini 2.3216 2.3239 1.6044 1.6049 IS dollar 1.4470 1.4480 i$/US$
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      • Article
        Lock icon LIFFE
        73 22 May 28|| COCOA (£/tonne) Close Prev Hi, 'Low lul 09 1703 1638 1726/1628 Sep 09 1706 1643 1727/1634 )ec09 1691 1634 1718/1625 10 1687 1633 1693/1621 :OFFEE (US$/tonne) Close Pev High/Low day 09 1491 1508 1496/1483 lul 09 1523 1533 1528/1504 Sep 09 1535 1546 1539/1518 SUGAR (US tonne)
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        Lock icon CHICAGO BOT
        90 22 May 28 iOYBEANS (5,000 bu min; []ScJ60 lb bushels) Close Previous High/Low lul 09 1179.*****7.*****7.*****5.25 \ug 09 1140.*****7.*****4.*****6.25 Sep 09 1088.*****0.*****5.*****2.00 vlov 09 1053.*****0.*****7.*****1.50 SOYBEAN/OIL (60,000 lbs; usc^b) Close Previous High/Low lul 09 37.81 unch 37.95 37.47 \ug09 37.98 unch 38.08 37.64 Sep 09 38.16 38.15 38.24 37.81
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        Lock icon OIL
        76 22 May 2s|| :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) Oubai (1-Mth F) "apis blend /linas 64.06 2.14 64.84 1.62 61.11 0.43 65.15 0.40 64.95 0.40 •RODUCT ISS/barrel (FOB S'pore) Close Change \l aphtha let Kerosene 58.72 unch 66.90 0.10 JSS/barrel )pec Oil Basket
        76 words
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        Lock icon METALS
        68 22 May 29^ (us; loz)_ May 29 May 27 -long Kong 967.70 945.40 968.70 946.40 May 28 May 27 .ondon 961.80 953.30 962.80 954.30 Source: Thomson Reuters SILVER Selling Buying >assbook1oz 22.03 21.79 Source: UOB >LATINUM Lon (US$/oz) May 28 Close Previous >M Fix 1128.*****4.0C iMFix 1126.*****6.0C Source: Thomson Reuter.
        68 words
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        Lock icon PALM OIL
        60 22 May 29 lelivery fonth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hit lun 09 2574 lul 09 2530 VjgO9 2513 iep 09 2489 Total o/p: ***** contracts 2615 2640 2574 2570 2611 2530 2560 2585 2492 2549 2563 2480 Turnover: ***** Market tone: Higher
        60 words
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        Lock icon LONDON METALS
        76 22 A/fey 28| tluminium, 99.7% mrity (US$/tonne) Close Previous :ash 1 months 1381.25 1415.00 1370.75 1405.00 ropper, Grade A ;us$; ttnne) lash J months 4737.00 4750.00 4656.50 4665.00 ■ead (US$; ttnne; :ash months 1466.00 1478.00 1343.00 1445.00 lickel ;us$; /tonne; Close Previous Cash 3 months Tin (US$/tonne; *****.00 *****.00
        76 words
  • Page 18 Advertisements
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      26 18 L^ "s^li_^S____*____. ■4&so^' fir < ■A Le maitre dc rhorlogerie depuis 18/5 P^JLwLSS^^ fA^ls«m "_^ylP y^s"^1 aP^^^^ti 11-' For enquiries, Tel: (65) 6238 6678 www.audGmarspiguet.com .^fttoSOWPPr?*'-1*;*; --<^VAj_a_as_aLS
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  • PERSPECTIVE
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      Lock icon US consumer on debt reducing marathon
      894 23  -  David Reilly Bloomberg ERE'S a cautionary word for investors and export nations like Germany, Japan and China: This week's report of the biggest gain in consumer confidence since 2003 is no sign that America's shoppers are in any shape to start gorging again. The
      Bloomberg; STOCK.XCHNG  -  894 words
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      Lock icon Regional powers must weigh in on Afghan issue
      896 23  -  Stanley A Weiss IHT By Washington JUST weeks after the attacks of Sept 11, 2001,1 met with an architect of America's post-9/11 response in the Pentagon. The topic was the impending US invasion of Afghanistan. I asked why he expected America to
      IHT  -  896 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Some new entrants in funds market
        1169 24  -  Genevieve Cua Any fund you decide to invest in should be seen in the context of your total portfolio rather than in isolation. By THOSE looking for clear skies before they invest may be kicking themselves for having missed out on the recent strong
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        Lock icon BROKERS' TAKE
        802 24  -  Conrad Tan Tat Hong Holdings Sell OCBC Investment Research May 29 Close: $1.11 TAT Hong reported a 39.7 per cent y-o-y slide in Q4 FY2009 revenue to $110.7 million, accompanied by a 48.5 per cent fall in net profit to $14.6 million. Stripping away the impact of non-recurring
        802 words
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        Lock icon Opportunity exists in a crisis
        1538 25  -  Teh Hooi Ling SHOW ME THE MONEY Have a clear plan so that at the darkest hour, you can overcome inertia and won't miss out on market recovery hooiling@sph.com.sg Senior correspondent IN an article contributed recently to the monthly investment magazine Pulses, a relatively young
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    • WEALTH REAL ESTATE
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        Lock icon Frasers opens residence project in Edinburgh
        297 27 FRASERS Hospitality has extended its footprint in the United Kingdom with the opening of Fraser Suites Edinburgh, a serviced residence project on the city's "Royal Mile". The property is Singa-pore-based Frasers' second in Scotland. The first was the 100-unit Fraser Suites Glasgow, which opened
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        Lock icon The Clift unit fetches 36% less just after a year
        447 27  -  Kalpana Rashiwala Bought for 1.65 m by the seller, the 19th floor unit is auctioned for 1.047 m. By A TWO-BEDROOM apartment on the 19th level of The Clift, at the corner of Telok Ayer and McCallum streets, was sold
        447 words
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  • Page 26 Advertisements
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      876 26 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 TheTresor Apt 08/05/2009 998 1399 1830 1308 NON-LANDED Valley Park Apt 04/05/2009 999 1216 1168 961 PearlsCte Apt 08/05/2009 99 753 440
      876 words
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      317 28 Subscribe to The New Paper daily and you're sure to win one of these fabulous prizes and more! 1 chance for 6-month subscription and 2 chances for 12-month subscription __f_f _________________> M_______J_H A \MttSssr_~__i__i_l __n_________fl f k ___*_>___ *«**^a___lP_i 1^ If tl_% ji____j__r -^____________i Bi^ Pairof4D/3N Pairof4D/3N 2D/IN Coach to
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  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Not quite Mozart but still entertaining
      543 29  -  Christopher Lim The South African adaptation of The Magic Flute is a strange creature. By THE Magic Flute Impempe Yomlingo may contain all of Mozart's musical notes, but one of the things that director Mark Dornford-May neglected to mention in an interview was how
      543 words
    • Article, Illustration
      Lock icon Vibrancy of city youths captured in dance
      411 29  -  Cheah Ui-Hoon By THE tale of the city is pretty much the same the world over: they tend to be the converging point of youths from the rural areas some of whom are lured by bright lights, but mostly because the city presents
      411 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      59 30 FINDING THE RIGHT MIX I Can multi-concept retail spaces score with jaded consumers? GUEST CHEF GADGETS WEEKEND WITH Make the most of your dough 1.5 Sounding out Aurvana's Air LB-9 Fashionation's Lionel Leo Ll5 DINING TRAVEL MOTORING Japanese with a difference 1.6-7 Thailand revisited lio-ii VW's small and sweet Polo
      59 words
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  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon Finding the right mix
        1031 31  -  A cafe that shares the same premises with a hair salon. Or a beauty emporium that packs nine different concepts under one roof. Can multi-concept retail spaces score with jaded consumers? IN the US, a retail industry subdued by the credit crunch has resulted in many
        YEN MENG JIIN  -  1,031 words
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        Lock icon One-stop beauty and lifestyle hall
        1477 31 Beauty Emporium House 8D Dempsey Road [Opening in August] THE Spa Esprit Group made its name first with its waxing parlours before going on to open full-fledged spas, restaurants, bars and other lifestyle operations. But while each concept used to operate individually, the group's newest
        JOSEPH NAIR  -  1,477 words
      • Article
        Lock icon Pick of the GSS
        357 32 YOU may have heard the word "sale" repeated ad infinitum for the past six months, but now get ready for the Great Singapore Sale (GSS) which kicked off officially yesterday. For a shot at the best buys, here's a quick rundown of which sales to make
        357 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon Let's roll
        1105 33  -  Audrey Phoon guest chef Precision and the right procedures will help bakers make the most out of their dough, says Four Seasons pastry chef and author Gregoire Michaud. "IT IS a sad reflection on our civilisation that while we can and do measure the temperature in the atmosphere
        1,105 words
    • DINING
      • Article, Illustration
        Lock icon Japanese additions
        1289 34  -  Audrey Phoon Marcus Yan, One's a top Tokyo brand and the other is a neighbourhood eatery, but both these new Japanese restaurants have something in common they differ from the norm. By Shirokane Tori-Tama Singapore 11 Unity Street #01-02 Robertson Walk *****-5680 THERE is no shortage of places
        YEN MENG Jlll\  -  1,289 words
      • Article, Illustration
        Lock icon All set to shine once more
        671 34  -  Jaime Ee The Lighthouse The Fullerton Hotel Singapore 1 Fullerton Square S 6877-8933 AFTER a brief black-out, The Lighthouse looks set to shine brightly over the river again as the Fullerton Hotel completes its "takeover" of restaurants in its premises. After years of leasing
        671 words
    • GADGETS
      • Article, Illustration
        Lock icon MUSIC IN THE AIR
        1072 35  -  Christopher Lim BT Weekend pits Creative's Aurvana Air against the competition and comes up with some surprising conclusions. By YOU often get what you pay for when it comes to audiophile equipment, but the $299 price tag Creative has attached to its new Aurvana Air earphones
        1,072 words
    • TRAVEL
      • Article, Illustration
        Lock icon No ifs, ands or bahts
        1861 36  -  Jaime Ec By Bangkok FRENETIC may not be the right word to describe Bangkok these days at least for its tourism industry. A more appropriate term may be "weary resignation", as go-go dancers pocket fewer tips and hotel staff smile bravely at customers who barely
        1,861 words
    • HEALTH
      • Article, Illustration
        Lock icon When weight loss spells trouble
        1070 38  -  Cheah Ui-Hoon Weight loss not only indicates the presence of underlying disease, it also affects treatment. By THERE'S good weight loss (the kind that indicates a successful diet or exercise regime) and bad weight loss (the kind that makes a person shed kilos and look
        FILE PHOTO  -  1,070 words
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        Lock icon EAT WELL & BEAT CANCER
        776 39  - EAT WELL BEAT CANCER Cheah Ui-Hoon A macrobiotic diet helped Simone Vaz breeze through her breast cancer treatment and inspired her to become a macrobiotic counsellor. BREAST cancer survivor Simone Vaz suffered no side effects when she was undergoing chemotherapy even though she was put on high dosages. She attributes
        FILE PHOTO  -  776 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Clothes maketh this man
        735 40  -  Geoffrey Eu A man of many talents, the only thing that Lionel Leo lacks, might just be anonymity. By WEEKEND I WITH I LIONEL LEO CEO OF FASHIONATION TALL and tan, with an easy-going manner, impeccable dress sense and movie star looks, Lionel Leo projects the
        YEN MENG JIIN  -  735 words
    • SPORT
      • Article, Illustration
        Lock icon Athletes who turn fame into shame
        825 41  -  Khalid Husain no holds barred khalidh@sph.com.sg Executive sub-editor POWER tends to corrupt, said a British historian. And fame and glory in sports? They perhaps inspire crimes such as drug use and smuggling, cheating, rape, murder and robbery. Otherwise, why would American boxing giant Mike
        825 words
    • GOLF
      • Article, Illustration
        Lock icon SWING BIG TIME
        1256 42  -  Justine Moss With the school break just around the corner, it's perhaps a good time to bring the clubs along in hopes of a round or two during the family holiday. Instead of the usual short hops, those who travel further afield can try out some of
        1,256 words
    • MOTORING
      • Article, Illustration
        Lock icon Capable all-rounder
        479 43  -  Samuel Ec The new Mazda3's two-litre hatchback has been redesigned to be more aerodynamic and is now smoother and more stylish. By QUESTION: Who buys a two-litre Japanese hatchback these days? Answer: Anyone who doesn't mind paying a small premium for it. The higher yen has made Japanese
        479 words
      • Article, Illustration
        Lock icon Stronger, faster, sportier
        576 44  -  Samuel Ec Yokohama's Advan Neova ADOB offers adequate comfort as an ultra-high performance tyre as it is made for aggressive driving on both circuit and road. By YOKOHAMA has a surprisingly simple definition for the target group it is aiming its latest tyre model at the Japanese
        AFP  -  576 words
      • Article, Illustration
        Lock icon SMALL & SWEET
        578 45  - SMALL SWEET CV Chew By T'S usually no fun being the younger brother. Think of Britain's Prince Harry and you get the idea. A step further away from the throne and constantly being benchmarked against a more famous and better-looking big brother. Thankfully, the last point doesn't apply to the
        578 words
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  • Page 37 Advertisements
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      376 37 Tk'^te 'i 11 11 I \_x p\ |^|Qf^^ J A 3-Day Event all about 4^^- ACADEMY A V sr-7June2oo9 u w u_^i___ «<-__•»« _u,t Suntec Singapore '%l Hall 603 The Kidz Academy is a one-stop shop for parents to check out the latest in learning aids and enrichment courses for
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      70 40 This series is brought to you by LOREAL v_M ...-■< Jar. !_QU _________________3__S__B__k "i>*_____ i_?'^__^r s -^ar"^^ I t______ I __3 ■Cn I ____t ■3■_ w C^___^__v i_^ 181 4 m*^ WFA*l**M\M*^oAm\^-^^Km^km\\^^ I W, WJ' I il U 3P?l^*^^7*T__7__»___l _l _f A W7iw>lstT VPnal*aW*&*' I m UMmM __v__i _____^^^r^^^^^^^^^^^^__l _____T^
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  • Page 41 Advertisements
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      702 41 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant your table, for a well worth price of Level 35, Orchard Wing Conrad Centennial Singapore $30.80++ per person and Dim Sum Meritus Mandarin Singapore Two Temasek Boulevard. 6432-7481 Unlimited at $38.80++ per person for dinner io at Claymore 333 Orchard Road. 6831-6262/88
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