The Business Times, 28 May 2010

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Microfilm: NL30669
Total Pages: 46
1 20 The Business Times
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  • Title Section
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    14 1 THE BUSINESS TIMES www.businesstimes.com.sg MAY 28, 2010 S$1.00 CO REGN NO *****2868E MICA(P) 123/08/2009
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  • Article
    Lock icon Khazanah tries to grab Parkway via window
    923 1  -  Takeover tussle may play out as M’sian outfit strikes while rival Fortis’ hands are tied By Nisha Ramchandani nishar@sph.com.sg Singapore FOR two months after its stake in Parkway Holdings was overtaken by India’s Fortis Healthcare, Khazanah Nasional maintained poker-faced silence. Yesterday, it struck
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      190 1 the STAYCATIONS Some of the newest hotels in town L14-17 WINE The pleasures of Spain L18 PERSPECTIVE Welcome to the messy multi-polar world 32 new path Change at Chinese chamber THE Singapore Chinese Chamber of Commerce and Industry is moving with the times, and will no longer elect council members
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      27 1 ??Why the Parkway bride is so much in demand, Page 7 Straight Shooter Former Malaysian trade minister Rafidah Aziz talks to BT. In The Raffles Conversation TOMORROW
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  • TOP STORIES
    • Article, Illustration
      Lock icon ‘Dialect representation’ is out at SCCCI
      575 2  -  Chinese business chamber breaks with a tradition, scraps clan-based voting By Felda Chay feldac@sph.com.sg Singapore IN a move to show it is keeping up with the times, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) has removed the last vestige of its age-old
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    • Article
      Lock icon MARKETS
      137 2 STI 2,739.70 (+43.68) STI FUTURES 2,740 (+44) SIMSCI 324.96 (+5.23) SIMSCI FUTURES 325.90 (+5.90) STOCKS Thursday Change KL COMP 1,269.16 +20.22 NIKKEI 225 9,639.72 +117.06 HANG SENG 19,431.37 +234.92 SET 737.28 +8.34 JAKARTA 2,713.92 +17.14 MANILA 3,156.53 +31.38 KOSPI 1,607.50 +25.38 SHENZHEN B 557.78 +10.79 MUMBAI IND 16,666.40 +278.56
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    • Article
      Lock icon MAS wins insider trading case against ex-employee of WBL
      735 3  -  Former chief risk officer Kevin Lew faces maximum civil penalty of $81,000 By Michelle Quah michquah@sph.com.sg Singapore THE Monetary Authority of Singapore (MAS) has succeeded in its claim against a former employee of WBL Corp, Kevin Lew, for insider trading in
      735 words
    • Article
      Lock icon Q1 grows at slower pace
      381 3 latest us data| Reuters Washington THE US economy grew at a slower pace than previously estimated in the first quarter as businesses investment slackened, while hard-hit state and local governments curbed spending at the steepest rate since 1981, a government report showed yesterday. Gross domestic
      Reuters  -  381 words
    • Article
      Lock icon Civil servants to receive mid-year bonus
      233 3  -  By Conrad Tan conradt@sph.com.sg Singapore CIVIL servants in Singapore will be paid an extra half-month’s salary plus $300 in July, the government said yesterday. This is in line with the recent call by the National Wages Council (NWC) for employers to help low- wage
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    • Article
      Lock icon Lehman sues JPMorgan for tens of billions
      559 4 JPMorgan accused of hastening Lehman’s downfall during financial crisis Bloomberg New York LEHMAN Brothers Holdings Inc sued JPMorgan Chase Co to recover tens of billions of dollars in “lost value”, accusing the bank of precipitating its downfall and preventing it from winding down
      Bloomberg  -  559 words
    • Article, Illustration
      Lock icon Lessons from Geithner
      386 4  -  P breakina^^mcom By Pierre Briancon TIM Geithner thinks experience confers authority. The US Treasury secretary seems to be on a lecture tour. He is telling European leaders to stress-test their banks, wants them to keep stimulating their economies and urges them to be bolder in tackling their
      REUTERS  -  386 words
    • Article, Illustration
      Lock icon Apple shoots past Microsoft as most valuable tech firm
      565 5 Cultural shift in the making with keyboards ceding ground to touch screens NYT San Francisco WALL Street has called the end of an era and the beginning of the next one: The most important technology product no longer sits on your
      NYT; REUTERS  -  565 words
    • Article
      Lock icon Plan B if Pru shareholders say no
      275 5 Reuters Washington THE US Treasury’s chief restructuring officer said on Wednesday if Prudential plcshareholders rejectadealtobuyAmerican International Group’s (AIG) main Asian life insurance unit, a viable option is to return to an initial public offering (IPO) plan. Jim Millstein told reporters following a bailout
      Reuters  -  275 words
    • Article, Illustration
      Lock icon Euro, stocks rebound on China investment denial
      697 6 Central bank says report about cutting eurozone debt is groundless Reuters New York THE euro and global stock markets surged higher yesterday, bolstered by China’s knockdown of a report saying it was looking to cut its holdings of eurozone sovereign debt. The People’s
      Reuters; REUTERS  -  697 words
    • Article
      Lock icon Asian equities chalk up biggest gain in two weeks
      657 6 Aussie miners jump as concern eases mining tax will cut earnings Bloomberg Tokyo ASIAN stocks rallied, driving the MSCI Asia Pacific Index up the most in two weeks, on speculation corporate profits in the region can withstand any slowdown caused by
      Bloomberg  -  657 words
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      208 2 CONTENTS NEWS Top Stories 2-6 Companies 7-10 Singapore News 11-13 World News 14-18 Aviation 19 Shipping 20 Shipping schedules 21-25 Stocks Stats 26-30 Perspective 31-32 LIVING Travels with L2-6 Travelguides L8-9 ShanghaiExpo L10-11 Dining L12-13 Staycations L14-17 Wine L18 Cinema L19 Artsfest L20 AV ONE TOTAL AUDIO VISUALISM* THE EXPERTS
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      156 3 Manufacturing equipment and raw material for sale Following the closure of Bridgestone Australia Ltd's two manufacturing facilities in Australia and New Zealand, a selection of surplus equipment and raw material is available for purchase. These assets will be for sale via a tender process and viewings at the New Zealand
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      100 5 Solo Exhibition by WUGAOZHONG "SUSPENDED RIVER" MM Opening Reception: Sat, 29th May 2010, 3pm (Artist will be present) Venue: Linda Gallery, Blk 15, Dempsey Road, #01-08 The show will last until 28th June 2010 ■*> ?n m it yf a. m W Hair and Mixed Media on canvas 5- •-<
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  • COMPANIES
    • Article
      Lock icon Why the Parkway bride is so much in demand
      578 7  -  hock lock siew| By Chen Huifen xuifen@sph.com.sg IN Russian weddings, there is said to be a custom for the groom’s friends to “steal” the bride. When he starts to look for her, he usually has to pay a ransom to get
      578 words
    • Article, Illustration
      Lock icon Profitable year for many despite challenging period
      811 7  -  84% of 70 companies with March year-end in the black; combined earnings up By Jamie Lee leejamie@sph.com.sg Singapore MORE than four-fifths of Singaporelisted companies with March financial year-end emerged profitable for the full year, based on the results released so far by 70
      FILE PHOTO  -  811 words
    • Article, Illustration
      Lock icon Stanchart to lighten up, CCT gears up for $92m improvement
      817 8  -  Bank gets ready to give up some space at Six Battery Road when lease expires next year By Kalpana Rashiwala kalpana@sph.com.sg Singapore STANDARD Chartered Bank will be vacating about 70,000 sq ft at Six Battery Road when its lease at
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    • Article
      Lock icon Malaysia’s Genting posts slight profit rise
      353 8 Reuters Kuala Lumpur MALAYSIAN gaming firm Genting Bhd, the parent of Genting Singapore, yesterday reported a slight increase in first-quarter profit, hit by impairment losses at its overseas units, and warned of a challenging period for its Malaysian casino operations. Asia’s appetite for gambling
      Reuters  -  353 words
    • Article, Illustration
      Lock icon Market rebounds for 2nd straight session
      549 9  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent THE Straits Times Index rose 43.68 points to 2,739.7 yesterday, rebounding for a second straight session after Monday’s 73-point loss. The gain was due largely to a similar bounce in Hong Kong, which first dipped into the red
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    • Article
      Lock icon TOP GAINERS
      65 9 BY CENTS CLOSE UP DBXT MSKorea 10US$ 4259 364.8 6.5 DBXT Nifty 10US$ ***** 259.6 1.8 Thai Prime Fd 600 140.3 20.0 DBXT MSEurope 10US$ 3580 87.0 1.8 DBXT MSINDO 10us$ 1078 71.6 5.0 DBXT FTChina25 10US$ 2755 63.1 1.7 DBXT DJE50 10US$ 3344 61.7 1.3 JMH 3474
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    • Article
      Lock icon TOP LOSERS
      57 9 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 5440 -42.1 -0.5 UOB.ES.1006 1804 -42.0 -2.3 UOB.ES.1005 1794 -30.0 -1.6 JSH 1958 -19.6 -0.7 UOL 387 -13.0 -3.3 Lyxor US DJIA 10 US$ 1026 -9.8 -0.7 SIA 200 1412 -8.0 -0.6 GLD 10US$ ***** -7.0 0.0 CityDev 1028 -6.0 -0.6
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    • Article
      Lock icon StarHub takes a short cut to TVB dramas
      265 9  -  By Winston Chai winstonc@sph.com.sg Singapore STARHUB is polishing the crown jewel of its Chinese programming by bringing popular Hong Kong drama series to local screens a month after their home debut. This perk will be extended to the firm’s cable television customers
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    • Article
      Lock icon TOP 20 ACTIVES
      110 9 VOL CLOSE GentingSP 223,251 102 2.0 2.0 GoldenAgri 103,392 50.5 1.0 2.0 Abterra 51,946 5 0.0 0.0 NobleGrp 38,637 174 4.0 2.4 Yangzijiang 38,381 126 4.0 3.3 SingTel 31,792 287 5.0 1.8 NOL 31,781 187 7.0 3.9 CoscoCorp 31,401 138 2.0 1.5 Z-ObeeHldgs 25,911 36 -1.0 -2.7
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    • Article
      Lock icon STI STOCKS
      111 9 Stock name Close Change CapMallsAsia 2.110 +0.020 CapitaLand 3.570 +0.060 CapitaMall 1.840 -0.010 CityDev 10.280 -0.060 ComfortDelGro 1.450 +0.030 DBS Grp 13.780 +0.260 F&N 4.890 +0.180 Genting SP 1.020 +0.020 Golden Agri 0.505 +0.010 HK Land 4.760 +0.100 JMH 34.740 +0.440 JSH 19.580 -0.140 Jardine C&C 27.780 +0.140
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    • Article
      Lock icon RSH chalks up $541,000 Q4 profit
      446 10  -  Full-year earnings jump 35%, but results do not include impact of fire at its Bangkok stores By Joyce Hooi |joyceh@sph.com.sg Singapore RETAILER RSH Limited turned a net profit of $541,000 in Q4 FY2010, against a net loss of $6.6 million a year ago. The
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    • Article, Illustration
      Lock icon Pan Hong back in the black
      422 10  -  By Felda Chay feldac@sph.com.sg Singapore PAN Hong Property Group has turned back from the red to report gains on the back of a booming property market in second and third-tier cities in China. It has proposed a final dividend of half a Singapore cent
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    • Business briefing
      • Article
        Lock icon Informatics Edu reports drop in full-year profit
        96 10 INFORMATICS Education achieved a net profit of $4 million for the year ended March 31, 2010, down from $4.4 million in the previous year which had a $3.6 million write-back in provision for training materials. The group recorded revenue of $39.2 million as
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      • Article
        Lock icon Stamford Land profit jumps to $24.5m
        119 10 STAMFORD Land Corporation Ltd reported that net profit for the full year ended March 31 jumped to $24.5 million from $4.08 million a year ago. Revenue grew 7.6 per cent to $238.7 million, boosted by its property development investment division. The period saw “other
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      • Article
        Lock icon Z-Obee full-year profit rises to US$5.2m
        65 10 Z-OBEE Holdings said net profit for the full year ended March 31 rose to US$5.2 million from US$4 million a year ago. Revenue climbed 34.58 per cent to US$139.45 million. The increase in revenue came mainly from the distribution and marketing segment as well
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      171 9 B6AT& Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES I, Hannah Kate Brooks, single, of 25 Holland Hill, 02-07 Holland Peak, Singapore, *****0 intend to marry Adam Scott Atkinson, bachelor, of 25 Holland Hill, 02-07 Holland Peak, Singapore *****0 at Villa Gajah Putih, Canggu, Bali on 24.07.2010. Any person knowing of any
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  • SINGAPORE
    • Article
      Lock icon Services sector moves along at steady pace
      289 11  -  Education services lead in Q1 with 24.3% q-o-q growth in business receipts but financial insurance services, transport storage services see takings fall By Emilyn Yap emilyny@sph.com.sg SINGAPORE’S services sector moved along at a steady clip in the first quarter of this year, earning
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    • Article, Illustration
      Lock icon S’porean developers lauded at Fiabci Prix competition
      508 11  -  By Uma Shankari shankari@sph.com.sg Bali SINGAPOREAN developers continued to pick up honours at this year’s Fiabci Prix d’Excellence competition, which recognises excellence in property development. Far East Organization’s mixed-use development Central came out tops in the office category, UOL Group’s Pan Pacific Suzhou
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    • Article
      Lock icon Industrial plot near Pioneer MRT available
      246 11 THE Urban Redevelopment Authority (URA) has made a 30-year leasehold industrial site at Pioneer Road North Soon Lee Street available for sale. The land parcel is on the reserve list, and interested developers can ask URA to put it up for tender. The site
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    • Article
      Lock icon More private businesses embrace benefits of greater transparency
      342 12  -  Survey shows this would enhance world business environment and make SMEs more competitive on the global platform By Timothy Seow timseow@sph.com.sg (PHBs) around the world selected the ‘greater transparency’ option when asked how their business should benefit from financial reporting the highest
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    • Article
      Lock icon RSM China (Singapore) launched
      183 12 RSM China (Singapore) a joint venture between accounting groups RSM China CPAs and RSM Chio Lim was officially launched yesterday. This has been dubbed a “new chapter” in the development of the accounting sectors in both countries. A plaque was unveiled at the event at RSMChioLim’sofficebythe
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    • Article
      Lock icon IB Asia in US$45m murabaha deal with Qatar firm
      269 12 THE Islamic Bank of Asia (IB Asia) this month provided Qatar National Cement Co (QNCC) with a US$45 million murabaha facility, quashing speculation that the bank might get out of lending altogether. The facility for QNCC, the country’s largest cement maker,
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    • Article
      Lock icon Higher Medisave withdrawal cap
      156 12 FROM June 1, patients at community hospitals and day rehabilitation centres (DRCs) will benefit from higher Medisave withdrawal limits for their treatment, cutting their out-of-pocket costs. The maximum withdrawal limit at community hospitals is now $150 per in-patient day, subject to a cap of $3,500 per
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    • Briefing
      • Article
        Lock icon Maxdin, Lee Carriers win executive condo tender
        81 13 THE Housing Development Board yesterday awarded an executive condo site at Sengkang East Avenue/Buangkok Drive to Maxdin and Lee Carriers. The two teamed up to place the highest bid for the site in a state tender that closed this week. Their winning bid
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      • Article
        Lock icon TravelRave travel and tourism festival in Oct
        45 13 THE Singapore Tourism Board will hold a TravelRave travel and tourism festival from Oct 18 to 29. The event aims to be a forum at which travel and tourism professionals can gather to share best practices and insights.
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      • Article
        Lock icon Forum on Chinese media role on Sunday
        79 13 THE Eminent Speakers Series is back for a third year, to address the role of the media in mainland China and Taiwan. Media veterans Jin Wei-Tsun and Qian Gang will speak at the forum this Sunday at Suntec Convention Exhibition Centre Theatre on
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      • Article
        Lock icon Showcase for KL luxury condo next weekend
        80 13 The Pearl, a luxury condominium, will be launched soon at Kuala Lumpur City Centre by Credo Real Estate. It sits along the residential enclave of Jalan Stonor, which is nestled between two buildings Petronas Twin Towers and The Pavilion Kuala Lumpur. An exhibition
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    • Article
      Lock icon MOM cracks whip on workplace safety and health violations
      327 13  -  Surprise inspections uncover 852 breaches; stop-work orders, fines up to $200K issued By Jaslene Pang jaspang@sph.com.sg SOME 852 workplace safety and health violations were uncovered in the past five weeks by the Ministry of Manpower (MOM) during site inspections under its
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    • Article, Illustration
      Lock icon SCCCI organises business mission to China
      268 13 THE Singapore Chinese Chamber of Commerce and Industry (SCCCI), supported by IE Singapore, is organising a 100-mem-ber business mission to various cities in China from May 30 to June 5. The mission will be undertaken in conjunction with the Expo Shanghai 2010. The participants,
      268 words
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      207 11 MATS) NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) BEAUCHAMP PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****1246R) (2) TUAN SING LAND PTE LTD (IN MEMBERS'VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****1413K) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section
      207 words
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      174 12 June Pulses out now! PEOPLE RoxyPacific's Teo Hong Lim and his bros: Covenng all the bases TOP STORY HERE'S LOOKING AT THE ALTERNATIVE ASSETS R COMPANIES Tiger Airways: Tne sky's the limrt Lippo-Mapletrce Indonesia Retail Trust: Bargati shopping in Indonesia Jthefs: UOB. Noble Group SGX, Mapletree Logistics 'N PLUS SPINEL
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      282 13 NOTICES THE COMPANIES ACT (CAP. 50) HONG ASIA PTE LTD COMPANY REG. NO: *****2027D (MEMBERS'VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of HONG ASIA PTE LTD duly convened and held at 701 Geylang Road #04-04 Teambuild Centre Singapore *****7 on Tuesday, 25 of May 2010 at
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  • WORLD
    • Article
      Lock icon KL subsidy cuts seen saving govt RM103b
      565 14  -  Projections from govt agency Pemandu show that a failure to pare debilitating subsidies would lead Malaysia to bankruptcy by 2019 By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA could save RM103 billion (S$43.7 billion) over the next five years by withdrawing its hefty subsidy
      565 words
    • Article
      Lock icon Apec could let other groups set up Asia-Pac FTA
      677 14  -  Officials say Apec could focus on nuts-and-bolts aspects of liberalisation By Anthony Rowley btworld@sph.com.sg Tokyo ASIA Pacific Economic Cooperation forum (Apec) trade ministers meeting in Sapporo, Japan, next weekend will review progress made toward achieving the Apec goal set in 1994
      677 words
    • Article
      Lock icon ECB sounds warning on big rises in public sector pay
      490 15 Increases in the last 10 years weigh on worsening public finances and economic growth in euro zone Reuters Bloomberg Milan BIGGER rises in public sector pay in the euro zone, compared with the private sector, have contributed to a worsening
      Reuters; Bloomberg  -  490 words
    • Article, Illustration
      Lock icon Japan’s April exports power along with 40% surge
      544 16 It’s the 5th straight month of growth, buoyed by cars, high-tech goods AP Tokyo JAPAN’S exports expanded for a fifth straight month in April, fuelled by brisk overseas demand for cars and high-tech goods in a fresh sign of a recovery in
      AP  -  544 words
    • Article
      Lock icon Aussie business investment slips in Q1
      592 16 Reuters Sydney AUSTRALIAN business investment surprisingly fell last quarter as manufacturers cut spending, suggesting downward risks to growth and backing expectations that interest rates will remain on hold for the rest of 2010. Data released yesterday also showed firms revised down spending plans for
      Reuters  -  592 words
    • Article, Illustration
      Lock icon Bangkok asks Interpol to help arrest Thaksin
      549 17  -  Ex-PM calls warrant ‘politically motivated’ and groundless; says agency won’t act on it By Lee U-Wen leeuwen@sph.com.sg Singapore THAILAND has turned to Interpol for help to arrest fugitive former prime minister Thaksin Shinawatra on terrorism charges related to the recent deadly antigovernment protests.
      REUTERS  -  549 words
    • Article, Illustration
      Lock icon Cowell feels the love at Idol farewell
      486 17 Reuters Los Angeles PAULA Abdul sat on his lap, and his best insults were turned into a song as a softer Simon Cowell took centre stage on Wednesday in his last appearance as a judge on American Idol. The British music executive may
      Reuters  -  486 words
    • Article
      Lock icon Sime Darby posts Q3 loss of RM309m
      310 17 AP Kuala Lumpur MALAYSIAN state-controlled conglomerate Sime Darby yesterday reported its first ever quarterly loss, saddled by delays and cost overruns at its troubled energy and utilities arm. The company said it posted a net loss of RM309 million (S$130 million) for the
      AP  -  310 words
    • Article
      Lock icon Jakarta puts moratorium on new forest clearing
      496 18 Norway to invest US$1b in forest conservation projects in Indonesia Reuters Jakarta INDONESIA will place a two-year moratorium on new concessions to clear natural forests and peatlands under a deal signed with Norway aimed at reducing greenhouse gases, the government said in a
      Reuters  -  496 words
    • Article, Illustration
      Lock icon Indian bourse plans short selling to woo investors
      514 18 Bloomberg Mumbai NATIONAL Stock Exchange of India (NSE),thenation’s largestbourse, plans to offer short sales within the next few weeks aimed at luring investors to the local market after expanding in the United States and Singapore. The company, which counts Goldman Sachs Group
      Bloomberg; BLOOMBERG  -  514 words
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      859 15 BUY IT-SELL IT-FIND IT BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ARAB BANK GROUP (Incorporated In Amman. Jordan) Statement of Financial Position as at 31 December 2009 and 2008 iliJI Statement of Income for the vears ended 31 December 2009 and 2008 Cash and balances with central banks Balances with
      859 words
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      26 16 i* TWH Lianhe Zaobao Hong Leong Group's firm investing over ii in new city in western Chengdu tsseaiwz;7cs® To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      26 words
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      139 18 Pulses June issue out now! Does money grow on Mapletrees? Analysts speculate where growth from Mapletree Logistics Trust will come from. Otto Marine has increased research coverage to thank for its rise in awareness. Find out how challengers can help win more customers. Alternative investments: Are wine and art viable
      139 words
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  • AVIATION
    • Article, Illustration
      Lock icon April global passenger traffic down 2.4%: Iata
      500 19 Main cause is cancellation of flights due to the volcanic ash cloud from Iceland AFP Geneva AIRLINEassociationIatasaidyesterday that international passenger traffic slumped 2.4 per cent in April, as flight cancellations because of the volcanic ash cloud from Iceland slammed the brakes on industry
      AFP; REUTERS  -  500 words
    • Article, Illustration
      Lock icon BA, union fail to reach deal over pay, working conditions
      323 19 AP London BRITISH Airways (BA) and labour union leaders failed on Wednesday to reach a deal over disputes that have led to a cabin crew strike that has grounded hundreds of flights from London’s Heathrow airport. Negotiations will resume today
      AP  -  323 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      287 19 CRYPTIC CROSSWORD Across 1 Chart second half of photo (5) 4 I am past the adult stage (5) 10 Very riotous sort of person who is highly skilled (8) 11 Unimportant person coming from jet (6) 12 King from Borneo (6) 13 Crack above the forehead (8) 14 Saint not
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  • SHIPPING
    • Article
      Lock icon Oil spill clean-up moves into 3rd day
      401 20  -  18 craft with skimmers and containment booms at work in waters off Changi East By Joyce Hooi joyceh@sph.com.sg Singapore EFFORTS to clean up an oil spill in the Singapore Straits moved into day three yesterday, after the vessels Bunga Kelana 3 and the
      401 words
    • Article, Illustration
      Lock icon Hanjin expects main routes to turn profitable
      657 20 Bloomberg Seoul HANJIN Shipping Co, South Korea’s largest container line, expects a return to profit on its biggest routes as an economic recovery in the US revives demand for Asian-made goods. “The bleeding will stop as of May,” chief executive officer Kim Young
      Bloomberg; BLOOMBERG  -  657 words
    • Article, Illustration
      Lock icon Mitsui to expand capesize fleet 36%
      267 20 Bloomberg Tokyo MITSUI OSK Lines Ltd, the operator of the world’s largest merchant fleet, will boost its capesize fleet by 36 per cent over five years as China’s economic growth spurs demand for steel for trains, roads and bridges. The Tokyo-based company will increase
      Bloomberg  -  267 words
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      1039 21 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W. Malaysia, Indonesia Destination ORIENTE PRIME
      1,039 words
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      755 22 WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com TO NORTH AND LATIN AMERICA ‘‘CAR RORO HEAVYLIFT SERVICE’’ VESSEL VOY RAMP HEIGHT SIN TIW LBC MAO SAV BAL NEN TARAGO FF011 320 Tons 6.40M 14/06 11/07 14/07 22/07 27/07 01/08 30/07 TIRRANNA FF012 320 Tons 6.50M 23/06 27/07 05/08 09/08 14/08 12/08 TAMESIS FF013
      755 words
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      534 22 PANCON SHIPPING MARINE SERVICES PTE LTD 211, Henderson Road, #03-01, Henderson Industrial Park, Singapore *****2 Tel: 6536 6550 (6 Lines) Fax: 6533 7632 CR No: **********0-W PASIR GUDANG SERVICE (DAILY) Accepting Reefer Container (SOC/SOC) VESSEL VOY ETA PGU DAY VOY ETA SIN DAY PANCON JADE 1907S 29/05/2010 SAT 1907N 31/05/2010
      534 words
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      677 23 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PG PKL JKT SUR MODERN DRIVE 39 80 01/06 02/06 04/06 OCEAN BENIGNITY 1 60 04/06 05/06 01/06 04/06 CORAL HERO 103 50 80 08/06 10/06 POSITIVE STAR 52 100 08/06 11/06 12/06 16/06
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      749 23 TEL: (65) 6225 3522 FAX: (65) 6225 2436 Agents: Ben Line Agencies Contact CC Phoon 6420 9181 Contact Peggy Hwang 6420 9180 SHUTTLE SINGAPORE CHENNAI SINGAPORE CALCUTTA SINGAPORE HALDIA COLOMBO CALCUTTA COLOMBO CHENNAI COLOMBO TUTICORIN COLOMBO COCHIN VESSEL VOY SIN CHN SIN APL CHENNAI 808N 29-30/05 05-06/06 12-13/06 WAN HAI
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      828 24 website: http://www.australasialine.com Accepting Container/Breakbulk/Heavy Lifts A US TRAL A S IA LINE EA S TERN A US TRALIA S ERVI C E WESTERN AUSTRALIA SERVICE Vessel/Voy SIN JKT PORT MORESBY BNE NTL MEL Vessel/Voy SINGAPORE DAMPIER GERALDTON PORT HEDLAND FREMANTLE ADELAIDE CAPE HOWE V.88S10 05/06 07/07 09/07 13/07 CAPE HASTING
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      763 24 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO, COCHIN, NHAVA SHEVA, JEBEL ALI ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL VOY SIN PKL (N PORT) CMB (JCT2) NSA (NSICT) CMB(JCT2) SCI VIJAY 042W 24 MAY 25 MAY 29 MAY OMIT OMIT SCI KOLKATA 011W 26 MAY
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      304 25 TOKO LINE REGULAR RORO/CONVENTIONAL SERVICE 171 TRAS STREET #06-177/179 UNION BUILDING, SINGAPORE *****5 TEL: *****144/*****355 FAX: (65) *****852 TELEX: RS***** TOKOSP JAPAN/HONGKONG/STRAITS/BATAM/JAKARTA VESSEL VOY SIN P.GUDANG PKG PENANG MANILA JAKARTA ECO PROSPERITY 1 IN PT 29 MAY SLD S JAPAN 1 28 MAY 30 MAY 01 JUN SLD KUEM YANG
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      175 25 WINSTAR SHIPPING PTE LTD Co. Regn No. *****4527N WINSTAR LOGISTIC PTE LTD Co. Regn No. *****4011G SIN BATAM BATAM LINER 6 Sailings Weekly (Mon Sat) Loading at Jurong Port, J2 Door to Door FCL/LCL/ Conventional Cargo Enquiries: Please call Ker Shiun/Jack Tel: (65) 6268 1970 Fax: (65) 6261 2538 TUG
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  • SGX
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      8944 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 6 3148 8Telecom 14.5 unch 15 14.5 14.5 14.5 15 1.7 12.5 4.7 69.4 10 5.5 5834 A-Sonic 7 unch 50 7 7 6.5
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      Lock icon SGX CATALIST
      1792 29 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6.5 6 7 36.1 6.3 25 13 8538 t APStrategic 19 16.5 19 112.7 4 0.5 1501
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 5 0 0 0 11 2 5 Manufacturing 83 32 61 5 5 13 88 37 74 Commerce 27 13 19 5 0 6 32 13 25 Tpt/Stor/Comms 26 4 10
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      Lock icon BT SHARE INFORMATION SERVICE
      841 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 24 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp Ltd 26-May-10 Lim Wan Looi *Buy 410 0.50 *****5 73.12 *****5 73.17 Fragrance Grp Ltd
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      Lock icon SECURITIES TRADING TURNOVER
      119 29 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 33,090 33,090 136,049 136,049 Manufacturing 233,313 11,656 244,969 262,914 432 263,346 Commerce 142,192 7,273 149,465 153,787 1,395 155,182 Tpt/Stor/Comms 159,356 546 159,902 289,164 71 289,235 Finance 36,337 36,337 311,968 311,968 Construction 28,908 20,734 49,642 5,319
      119 words
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  • MARKETS
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      Lock icon STOCK MARKETS
      91 30 YTD change: -5.45% 52-week high: 3,037.97 on April 15,2010 52-week low: 2,211.81 on June 23,2009 Source: Bloomberg YTD change:-11.16% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 17,185.90 on July 13, 2009 Source: Bloomberg YTD change: -4.35% 52-week high: 11,258.00 on April 26,2010 52-week low: 8,087.19 on July
      Source: Bloomberg  -  91 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 30 In local curr In S$ In US$ dy yr dy yr dy yr May 26 Index Change Change Change Change Change Change World Index Preliminary 787.5 1.2 -5.4 0.4 -8.9 1.3 -9.1 ‡EAFE Preliminary 717.2 1.3 -8.6 0.5 -16.0 1.5 -16.2 Europe Preliminary 1026.8 2.0
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      Lock icon INTERBANK CURRENCY RATES
      154 30 May 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1723 1.1738 0.8355 0.8357 Canadian dollar 1.3286 1.3307 0.9469 0.9474 Euro 1.7229 1.7250 1.2279 1.2281 NZ dollar 0.9406 0.9422 0.6704 0.6708 Sterling pound 2.0323 2.0347 1.4484 1.4486
      154 words
    • Article
      Lock icon LIFFE
      77 30 May 26 COCOA (£/tonne) Close Prev High/Low Jul 10 2432 2398 2437/2388 Sep 10 2344 2328 2357/2315 Dec 10 2302 2274 2317/2269 Mar 11 2262 2242 2271/2226 COFFEE (US$/tonne) Close Pev High/Low May 10 1290 1283 1305/1297 Jul 10 1334 1330 1349/1323 Sep 10 1370 1367 1384/1360 SUGAR (US
      77 words
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      Lock icon CHICAGO BOT
      105 30 May 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 10 938.00 930.50 940.00 933.00 Aug 10 929.50 921.00 931.50 922.00 Sep 10 916.50 909.50 918.75 912.25 Nov 10 910.00 903.00 912.50 905.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 10 37.85 37.17 37.88
      105 words
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      Lock icon PALM OIL
      66 30 May 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2535 2519 2535 2519 168 3876 Jul 10 2510 2500 2515 2485 1466 ***** Aug 10 2472 2457 2477 2447 7056 ***** Sep 10 2448 2429
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      Lock icon OIL
      75 30 May 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 71.36 2.19 WTI (Near Mth) 71.40 2.37 Dubai (1-Mth F) 70.11 1.98 Tapis blend 76.15 2.20 Minas 75.50 2.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 68.05 0.72 Jet Kerosene 81.10 1.65 US$/barrel Opec Oil Basket Price
      75 words
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      Lock icon LONDON METALS
      71 30 May 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1983.00 1986.75 3 months 2014.50 2017.00 Copper, Grade A (US$/tonne) Cash 6748.25 6702.00 3 months 6779.00 6730.00 Lead (US$/tonne) Cash 1723.50 1715.75 3 months 1753.00 1745.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      66 30 May 27 GOLD (US$/oz) May 27 May 26 Hong Kong 1212.*****8.50 May 26 May 25 London 1213.*****8.65 1214.*****9.40 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.65 25.42 Source: UOB PLATINUM Lon (US$/oz) May 26 Close Previous PM Fix 1533.*****3.00 AM Fix 1530.*****2.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Financial reform fails to meet expectations
      998 31  -  Neither the US Senate nor House bill is going to end the too-big-to-fail problem nor future bailouts, as their sponsors claim; and it will be tougher to bail out a failing bank to prevent a financial market collapse. By Roy C Smith By Roy
      Bloomberg  -  998 words
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      Lock icon Welcome to the messy multi-polar world
      1161 32  -  Expect a very fluid and unstable future with short-term US deals with the Chinese (and the Russians) over critical foreign policy issues, and as emerging powers try to exploit the differences between Washington and Beijing Leon Hadar Washington correspondent THEObamaadmin-istration’scon-cerns over North Korea and
      AP  -  1,161 words
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      58 1 Executive LifestyleTHEBUSINESSTIMES|MAY*****0BTTHE BUSINESS TIMES MAY 28 2010 THE TRAVEL ISSUE BT's special holiday edition looks at howfive busy Singapore professionals spend their precious vacation time TRAVEL GUIDES Genies in a bottle L8-9 TRAVEL Shanghai showcase L10-11 DINING Favourite restaurants L12-13 STAYCATIONS Stay-at-home vacation L14-17 WINE The rain in Spain L18
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  • BT Executive Lifestyle
    • THE TRAVEL ISSUE
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        Lock icon Discovery, fun & all that jazz
        778 2 / 3  - Discovery, fun all that jazz travel with richard eu ceo, eu yan sang international Five busy Singapore professionals talk about how they spend their precious vacation time which foreign locations catch their fancy, what they do there, what they seek, and how they ‘recharge their batteries’ By Corinne Kerk WHEN
        RICHARD EU  -  778 words
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        Lock icon A penchant for Asia and design
        1066 2 / 3  -  travel with lim choon hong managing director xtra designs By Corinne Kerk btnews@sph.com.sg FOR Lim Choon Hong, there are basically two types of holidays those taken with the whole family, including his three children, and those with just the wife. “When you travel with
        LIM CHOON HONG  -  1,066 words
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        Lock icon Globe-trotting culture consultant
        742 4 / 5  -  travel with goh ching lee director, culturelink By Cheah Ui-Hoon uihoon@sph.com.sg PART of Goh Ching Lee’s work scope used to include attending arts festivals and watching performances in different parts of the world. It might sound like an arty holiday, but watching something for fun is not
        GOH CHING LEE  -  742 words
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        Lock icon Where tourists fear to tread
        869 4 / 5  -  travel with julien arnaud ceo, edgilis By Olivia Ho btnews@sph.com.sg MOST travellers may stray off the beaten path from time to time, but not Julien Arnaud who seeks it out with a passion. Skiing, mountaineering and diving are but a few of the sports that
        JULIEN ARNAUD  -  869 words
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      Lock icon The magic of the deep
      1081 6  -  Sharing space with indigenous creatures of the sea is a mesmerising experience captured in this first-hand account by Danny Teoh travel with david teoh managing partner kpmg singapore Danny Teoh IT all started casually enough a chat last year with some business acquaintances who were
      1,081 words
    • TRAVEL GUIDES
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        Lock icon Genies in a bottle
        1117 8 / 9  -  The right collection of iPhone travel apps can replace a library of guide books and bags of gizmos. By Christopher Lim By Christopher Lim limchris@sph.com.sg PEN-AND-PAPER travel guides and maps still retain a handful of advantages, such as remaining readable on planes during take-off and landing,
        1,117 words
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        Lock icon Best travel guide is, well, the traveller himself
        788 8 / 9  -  commentary| By Daven Wu btnews@sph.com.sg IWAS at my friend Mei’s for dinner recently. As she struggled to rescue a burning roast lamb in the kitchen, I kept out of the way by inspecting her bookshelves. An entire wall was filled with travel
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    • TRAVEL
      • Article, Illustration
        Lock icon SHANGHAI SHOWCASE
        1182 10 / 11  -  The pulsating commercial heartbeat of China spared no expense in showing the world it has what it takes to host the ongoing Expo. By Geoffrey Eu expense By Geoffrey Eu btnews@sph.com.sg THERE is never a shortage of superlatives when it comes to describing Shanghai, a supremely self-confident city
        PHOTOS BY GEOFFREY EU  -  1,182 words
    • DINING
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        Lock icon Execs’ top choices
        1530 12  -  No trip abroad is complete without a memorable meal. Singapore’s top executives and professionals offer their recommendations Compiled by Eileen and Jaime Ee, Olivia Ho, Eileen Tay,Natalie Koh Kwek Leng Beng Chairman, Hong Leong Group WHEN you travel for business so much, it’s hard to find time
        1,530 words
    • STAYCATIONS
      • Stay-at-home vacation
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          Lock icon Studio M Hotel
          857 14 / 15  -  3 Nanson Road 6808 8888 www.studiomhotel.com Want to spend vacation in Singapore and still have a feel of New York or Japan? BT checks out some of the newest hotels here for what they have in store for you, and explores the facilities in their neighbourhoods By
          857 words
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          Lock icon The Club by Harry's Hospitality
          967 14 / 15  -  28 Ann Siang Road 6808-2188 http://theclub.com.sg By Melissa Llwee mellwee@sph.com.sg CHOOSING to stay at The Club may be considered by some to be slightly off the beaten track, especially when compared to the plethora of accommodation options in the more central Orchard Road area. Then
          967 words
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          Lock icon Marina Bay Sands
          929 16 / 17  -  10 Bayfront Avenue Singapore *****6 ?6688-8868 www.marinabaysands.com By Cheah Ui-Hoon uihoon@sph.com.sg WHO could have conceived as recently as five years ago that a project as colossal and iconic as Marina Bay Sands would spring up on that massive 360-hectare piece of reclaimed land right across the City?
          929 words
    • WINE
      • Article, Illustration
        Lock icon The pleasures of Spain
        1171 18  -  The country’s exceptional food and wines make it a hot destination for Singaporean gourmets. By N K Yong By N K Yong btnews@sph.com.sg THE rain in Spain stays mainly in the plain.” Who doesn’t remember this bon mot from that memorable musical My Fair Lady? The
        1,171 words
    • CINEMA
      • Article, Illustration
        Lock icon Girls just wanna have fun
        693 19  -  The Middle East comes alive at the movies and Dylan Tan assesses two different versions of it Dylan Tan btnews@sph.com.sg FOR sheer escapism, it’s hard to beat or ignore the cultural phenomenon that’s Sex And The City (SATC). In its second big-screen outing, the franchise
        693 words
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        Lock icon Game over for this prince
        583 19 SOMEBODY needs to tell Hollywood to stop plundering the video games vault when it runs out of original ideas. But, of course, no one can tell mega-producer Jerry Bruckheimer that; he with the Midas touch, whose name turns just about any movie into a sure-fire
        583 words
    • ARTS FEST
      • Article, Illustration
        Lock icon Two faces of a genre rebel
        549 20  -  Multi-instrumentalist, composer and DJ Nitin Sawhney struts his musical diversity here. By Christopher Lim here.By Christopher Lim limchris@sph.com.sg YOU might think that a musician who loathes genre classifications has it easy since he can perform anything he wants, but it’s nigh impossible for Nitin
        549 words
      • Article, Illustration
        Lock icon Simple story, rich imagery
        545 20  -  By Cheah Ui-Hoon TO get in the right frame of mind to appreciate Peter Brook’s 11&12, take yourself back a few hundred years to a time when theatre was made up of itinerant actors who just set up shop and put on a play wherever they
        PASCAL VICTOR/ARTCOMART  -  545 words
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      139 7 2 U m Emirates r 11 I 1 1 L11 I mm IJJRIRISFCAAI m in style. On us. Enjoy complimentary hotel nights in Dubai. JM4 u Fly First Class to or via Dubai and experience Armani Hotel Dubai for two nights. Fly Business Class and stay at The Address Downtown
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