The Business Times, 12 May 2011

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Microfilm: NL31341
Total Pages: 32
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S$\ A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, May 12,2011
    23 words
  • Article
    Lock icon Johor tries to emulate Jurong Island with oil plays
    502 1  -  By Kuala S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak is expected to unveil plans for nearly RM70 billion (S$29 billion) in new oil-and-gas investments in Southern Johor tomorrow in a plan that could transform the sleepy district of
    502 words
  • Article, Illustration
    Lock icon Renminbi ride gathers pace, DBS hits jackpot
    913 1  -  Bank sells 27 billion yuan worth of products as investors bet on internationalisation of currency By SIOW LI SEN [SINGAPORE] DBS Bank’s renminbi business here is going gangbusters, mirroring the explosion in demand in Hong Kong for the offshore RMB market. This is
    BLOOMBERG  -  913 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 G ST INDEX 3,177.18 (+20.92) G ST INDEX FUTURES 3,170 (+21) G SIMSCI 372.22 (+2.10) G SIMSCI FUTURES 372.00 (+2.70) FOREX US$ S$ US$ (S$ per US$) 1.229 (US$/S$ per 1.639 2.015 EURO (US$/S$/E) 1.439 1.769 Foreign currency per US$ S$ YEN 80.70 65.70 RM 2.982 2.426 HK$
    145 words
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      Lock icon Page 1 Advertisements Column 1
      33 1 BizIT Tata Comms to invest $440m here over 4 years PAGE 28 PROPERTY Clementi Mall boasts a series of firsts ~PAGE 32 Singapore office rentals remain third most expensive in Asia-Pac ~PAGE 33
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      14 1 COMMENTARY How to save the EU and the euro PAGE 21 8 '*****1 *****4
      14 words
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      165 1 POLITICS Lim Hwee Hua quits after 15 years PAGE 3 COMPANIES Sembcorp’s net gain edges up 0.7% PAGE 6 -t** U'li E S IBEEZ! m Sg SCMRJ WE .B» *i,* T .<T«V J;; »»]ff!!!!!i!iminiiiBi)i HlSalali liiHJiiiiii"!'"' 'Hi ;j,;";:'!,: I If mm Mill ■Htiiii lllllll «<"' rr~ X: f r i.
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      534 2 Renminbi ride gathers pace, DBS hits jackpot DBS BANK’S renminbi business here is going gangbusters, mirroring the explosion in demand in Hong Kong for the offshore RMB market. DBS Singapore has sold more than 27 billion yuan worth of products, less than three months after it began introducing
      534 words
    • Article, Illustration
      Lock icon CDL’s Q1 profit rises 78% to $282m
      809 2  -  It’s gunning for string of launches this year including Buckley Rd condo, Segar Rd EC By KALPANA RASHIWALA [SINGAPORE] City Developments Ltd (CDL), which posted a 77.9 per cent jump in first-quarter net profit to $282.3 million, is optimistic that positive sentiment and
      809 words
    • Article, Illustration
      Lock icon Japan’s disasters take their toll on Toyota’s earnings
      441 2  -  By in ANTHONY ROWLEY in Tokyo TOYOTA Motor Corporation yesterday reported a 52 per cent plunge in its latest quarterly operating profit as a result of disruption caused by the March 11 earthquake, tsunami and nuclear crisis. From being the world’s largest
      AFP  -  441 words
    • Article
      Lock icon SGX to list ADRs of top Japan, Korean firms
      443 3  -  Toyota, Mitsubishi UFJ, Mizuho, NTT DoCoMo, Posco among 8 additions By MICHELLE QUAH [SINGAPORE] Despite a slow take-up rate for previously launched American Depository Receipts (ADRs), the Singapore Exchange (SGX) will be adding eight more ADRs later this month. Five are
      443 words
    • Article, Illustration
      Lock icon Lim Hwee Hua quits politics after 15 years
      512 3  -  By UMA SHANKARI [SINGAPORE] Minister in the Prime Minister’s Office Lim Hwee Hua, who was part of the People’s Action Party (PAP) team that lost in the general election (GE) for Aljunied, will not contest in the 2016 election. “I have served
      JOSEPH NAIR/THE STRAITS TIMES  -  512 words
    • Article, Illustration
      Lock icon Trading of CNH products in S’pore on the cards
      846 3  -  Analysts see yuan activity spreading to bonds and IPOs By LYNETTE KHOO [SINGAPORE] China has signalled that it may use the yuan to rein in inflationary pressures, and this has strengthened the argument for Singapore to become the next offshore yuan
      BLOOMBERG  -  846 words
    • Article
      Lock icon Deutsche Bank sees gold surging a further 30% by January
      490 3 Bloomberg [BUENOS AIRES] Gold, which reached a record on May 2, may surge a further 30 per cent by January as investors seek to protect themselves from “economic uncertainty”, according to Deutsche Bank AG. “I’m bullish on gold despite its
      Bloomberg  -  490 words
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      24 2 CLEARANCE SALE Ermenegildo Zegna ZZegna ZegnaSport The Hilton Hotel Singapore 581 Orchard Road Ballroom 2, Level 3 13™ to 15™ May 10am to 8pm
      24 words
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      117 2 apbcOffices We invite you to work different. 75 High Street 9 Battery Rd, Straits Trading Building 9 Temasek Boulevard, Suntec Tower 2 30 Raffles Place, Chevron House apbcOffices r VIRTUAL OFFICE Prestigious business address. Start immediately with minimal start-up cost. 3 tiers of services to suit your business requirements. 24/7
      117 words
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      127 3 JCU SINGAPORE James Cook Australia Institute of Higher Learning 600 UpperThomson Road, Singapore *****1 Hotline: (65) 8222 6833 Email: enquiries@jcu.edu.sg CPE Registration No. *****0786K Period of registration: 13 July 2010 to 12 July 2014 /jcu.singapore.fanpage vV-H tjO\ Electronic Marketin< P www.jcu.edu.sg Ej /Jcu\_smgapore We promote a culture of research among
      127 words
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  • Article, Illustration
    Lock icon Global Traders join HSBC to celebrate success
    566 4/5 meeting of the creme de la creme of global trading, HSBC's Global Traders Dinner was a night to remember with an impressive culinary interpretation of raw commodities that pampered the palate. The dinner was fittingly wrapped up with an experiential enjoyment of desserts
    566 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sembcorp’s Q1 net gain edges up to $159.9m
      425 6  -  Efficiency gains hold up profit as revenue dips 17% on lower marine income By JOYCE HOOI SEMBCORP Industries saw its net profit edge up 0.7 per cent to $159.9 million for the first quarter ended Mar 31, 2011, it announced yesterday. Revenue
      BLOOMBERG FILE PHOTO  -  425 words
    • Article, Illustration
      Lock icon Wheelock Q1 profit rises 3.9% to $52.3m
      439 6 LUXURY property developer Wheelock Properties (Singapore) saw its net profit rise 3.9 per cent to $52.3 million from a year ago for the first quarter ended March 31. Group revenue for the quarter was $103 million, a decrease of 3.6 per cent. It
      FILE PHOTO  -  439 words
    • Article
      Lock icon ST Engg’s Q1 profit jumps 20% to $111m
      370 6  -  Revenue rises 15% to $1.57b; EPS up 19% to 3.65 cents By TEH SHI NING SINGAPORE Technologies Engineering (ST Engineering) yesterday posted a 20 per cent jump in first-quar-ter net profit to $111.1 million, from $92.8 million a year ago. The net
      370 words
    • Article
      Lock icon SingTel’s Asia, Africa mobile base up 5.1 %
      233 6  - SingTel’s Asia, Africa mobile base up 5.1 By WINSTON CHAI SINGAPORE Telecommunications’ mobile customer base in Asia and Africa grew 5.1 per cent to hit 403 million customers in the first quarter of 2011. Its largest associate Bharti now accounts for more than half of SingTel’s global subscriber tally. For
      233 words
    • Article
      Lock icon UOB makes move into higher-tier wealth sector
      264 6  -  By KELLY TAY AS Asian pockets get deeper, wealth management service providers are setting their sights higher. United Overseas Bank (UOB) yesterday launched its new wealth management proposition, Privilege Reserve, for high net worth individuals (HNWIs) with more than $2 million in investible
      264 words
    • Article, Illustration
      Lock icon XinRen Q1 earnings down 25%
      471 6  -  By LYNETTE KHOO XINREN Aluminium Holdings reported a 25 per cent fall in net profit to 112.73 million yuan (S$21.4 million) in the first quarter ended March 31, as higher raw material and electricity costs outpaced the rise in revenue. The group said it is
      FILE PHOTO  -  471 words
    • Article
      Lock icon Investor interest in CFD trading growing
      393 6  -  By JOYCE HOOI LOCAL investors have taken quite a shine to contract for difference (CFD) trading, according to City Index, an online trading service provider. Its Singapore branch saw investor trading activity double on one of its platforms last year and new account acquisitions
      393 words
    • Article, Illustration
      Lock icon Banyan Tree Q1 profit jumps 36%
      391 7  -  Gains from divesting a development site in Lijiang, China boost profit to 10m By NISHA RAMCHANDANI RESORT operator Banyan Tree Holdings has reported a 36 per cent jump in net profit to just over $10 million for the first quarter ended March 31, on
      FILE PHOTO  -  391 words
    • Article
      Lock icon Super Group posts 1.5% dip in Q1 earnings
      286 7  -  Revenue rises 21.4% to $99m, from $81.6m in Q1 2010 By ENYA LIM CONVENIENCE food and instant beverage manufacturer Super Group posted a first-quarter net profit of $14.77 million, down 1.5 per cent from $14.99 million a year ago. Revenue for the
      286 words
    • Article
      Lock icon KS Energy slumps $7.9m into the red
      279 7  -  By WONG SU-JIN KS Energy Ltd yesterday notched a net loss of $7.9 million for the first quarter ended March 31, against a net profit of $4.5 million a year ago. Loss per share stood at 2.02 cents, against earnings per share of
      279 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yanlord’s net profit triples to 268m yuan
        65 7 YANLORD Group has reported that net profit rose to 267.9 million yuan (S$50.9 million) for the first quarter ended March 31 from 90.3 million yuan a year ago. Revenue increased to 2.9 billion yuan from 833.2 million yuan. As at March 31, total
        65 words
      • Article
        Lock icon Koh Bros sees 12% rise in earnings
        63 7 KOH Brothers Group has posted a 12 per cent increase in net profit to $3.4 million for the first quarter ended March 31, despite a 3 per cent decline in revenue to $82.4 million. Pre-tax profit rose 14 per cent to $4.3 million.
        63 words
      • Article
        Lock icon Shift in revenue mix helps Yongnam
        63 7 YONGNAM Holdings yesterday said that net profit improved 14.8 per cent to $15 million for the first quarter ended March 31, despite a 9.9 per cent dip in revenue to $74.8 million. The performance is the result of a shift in revenue mix, with
        63 words
    • Article, Illustration
      Lock icon Q1 net profit at Noble jumps 77% to US$203m
      479 9  -  Revenue surges 76% to record US$20b as commodity prices, sales volumes climb By FELDA CHAY THE dual forces of higher commodity prices and selling volumes helped commodity supplier Noble Group to record a 77 per cent year-on-year increase in first quarter
      FILE PHOTO  -  479 words
    • Article
      Lock icon YHI’s Q1 gain surges 32% to $6.3m
      371 9  -  By SAMUEL EE STRONGER sales from its distribution and manufacturing businesses boosted YHI International Ltd’s net profit by 32 per cent to $6.3 million for the first quarter ended March 31, 2011. Total revenue rose 13 per cent to $129 million from the
      371 words
    • Article
      Lock icon Sound Global Q1 profit up 44.5%
      241 9  -  By TEO SI JIA SOUND Global Limited, a water and wastewater treatment company, has posted a net profit rise of 44.5 per cent to 65.78 million yuan (S$12.5 million) for the first quarter ended March 31. Revenue jumped 66.7 per cent to 390.04 million
      241 words
    • Article
      Lock icon Mewah Q1 earnings fall 9.3% to US$17m
      404 9  -  47.4% increase in cost of sales erodes revenue gains By FELDA CHAY PALM oil refiner Mewah International posted a drop in earnings for its first quarter from a year ago, with a sharp rise in cost of sales eroding revenue gains. The group
      404 words
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      26 6 Increase F&B Sales $29.50 (Retail $49.50) Staff Selection $29.50 (Retail $49.50) Offer Price Includes FREE Delivery Buy Online: WWW.LCABOOKS.COM Eric Alagan (Author, Consultant, fmr MNC MD)
      26 words
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      1139 7 first quarter results 2011 H group (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present the unaudited (Unaudited) (Unaudited) consolidated financial results for the first quarter of 2011, together with those of Three months ended Three months ended 31
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Lack of broad-based buying interest
      565 8  -  But ST Index rises 20.9 points to close at two-week high, inspired by a resilient Wall Street STOCKS VEN SREENIVASAN Senior Correspondent SELL in May and go away. That old market maxim may not quite be playing out at the moment, but the lack of
      565 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change CapMallsAsia 1.700 -0.010 CapitaLand 3.170 -0.050 CapitaMall 1.890 CityDev 11.600 +0.020 ComfortDelGro 1.490 DBS Grp 15.100 +0.220 F&N 6.270 -0.010 GLP 1.990 -0.010 Genting SP 2.200 +0.020 Golden Agri 0.675 HK Land 7.440 +0.050 JMH 50.660 +1.260 JSH 29.600 +0.460 Jardine C&C
      109 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 4 0 0 0 5 8 4 Manufacturing 46 47 78 1 3 12 47 50 90 Commerce 22 22 16 3 4 5 25 26 21 Tpt/Stor/Comms 19 12 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,634 28,634 59,554 59,554 Manufacturing 253,116 12,106 265,222 197,194 820 198,013 Commerce 73,716 6,596 80,312 155,855 3,350 159,205 Tpt/Stor/Comms 159,971 15,665 175,636 253,872 733 254,604 Finance 24,396 23 24,419 297,433 3 297,436 Construction 21,463 10,161
      122 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 May 11 VALUE CLOSE BT OB/OS -429.00 +40.00 BT CADI -*****.00 -11.00 BT 10-day MA -*****.00 -43.00 FTSE ST Mid Cap 764.20 -1.68 FTSE ST Small Cap 546.04 +0.13 FTSE ST All Share 778.68 +3.73 FTSE ST China Top 273.67 +0.49 FTSE ST China 304.00 +0.59 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 69,159,000 Golden Agri 56,831,000 Noble Grp 42,108,000 Ramba 33,679,000 CreativMast 33,181,000 CapitaLand 32,182,000 Artivision 30,699,000 UPP 26,706,000 Cosco Corp 26,205,000 HPH Trust US$ 21,888,000 VALUE($) Genting SP 151,596,990 DBS Grp 139,526,100 CapitaLand 101,916,604 Noble Grp 89,987,250 OCBC Bk 66,234,340 UOB 63,628,745 Cosco Corp 55,508,390
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • BROKERS’ TAKE
      • Article
        Lock icon Sino Grandness Food
        501 8  -  Compiled by LYNN KAN May 11 close: $0.57 DMG Partners Research SINO Grandness’s Q1 net profit came in within expectations at 31 million yuan or $5.9 million (up 374 per cent y-o-y; down 15 per cent q-o-q), on 131 per cent revenue increase to 178 million yuan
        501 words
      • Article
        Lock icon Glossary:
        136 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        136 words
    • Article
      Lock icon Euro remains under pressure; pound up
      470 8 CURRENCIES Reuters [NEW YORK] The euro fell yesterday, remaining pressured by uncertainty about whether eurozone officials will provide timely financial aid to debt-laden Greece and Portugal. The euro briefly extended declines against the dollar, falling to a session low, after data showed the US
      Reuters  -  470 words
    • Article
      Lock icon RISES
      112 8 BY CENTS CLOSE UP IS DJ US Tech 6841 378.6 4.7 JMH 5066 154.9 2.6 GLD 10US$ ***** 104.5 0.6 DBXT Nifty 10US$ ***** 89.7 0.6 Jardine C&C 3750 74.0 2.0 JSH 2960 56.5 1.6 DBXT MSTHAI 10US$ 1768 40.6 1.9 OCBC Bk 4.5%NCPS 100 ***** 40.0 0.4 OCBC
      112 words
    • Article
      Lock icon FALLS
      119 8 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 ***** -82.0 -0.8 Venture Corp 902 -68.0 -7.0 DBXT S&P Short 10US$ 4127 -38.1 -0.7 UOI 340 -15.0 -4.2 DBS Bk 4.7% NCPS 100 ***** -8.0 -0.1 CoscoCorBNPeCW*****0 42 -6.0 -12.5 Kep Corp 100 1158 -6.0 -0.5 ZhongminBH 141 -6.0 -4.1 CapitaLand
      119 words
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      52 8 rr4 i €> m X jfl w tz* -mr A 4 V <•« fS0. A Passion CLASSIC RACING COLLECTION 1000 AIGLIA GT XL CHRONOGRAPH CHOPARD BOUTIQUES #01-03 Takashimaya S.C.,Tel. 6733 8111 Bi-ioyThe Shoppes at Marina Bay Sands,Tel. 6688 7999 #02-106 Resorts World Sentosa, Tel. 6723 8016 Also available at all
      52 words
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      36 9 Marina at Keppel Bay The Promontory@Marina Bay HarbourFront Centre Keppel BayTower Reflections at Keppel Bay Show Gallery Vivo City Marina Bay City Gallery Marina Bay Financial Centre Marina Bay Link Mall NTUC Centre One Raffles Quay
      36 words
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  • SINGAPORE NEWS
    • Article
      Lock icon NTUC turns 50, pays tribute to 50 stalwarts
      693 10  -  President Nathan, PM Lee, MM Lee and SM Goh lead the honours list By CHUANG PECK MING THE National Trades Union Congress turns 50 this year and to mark the anniversary, it is paying tribute to 50 people and organisations. Of these
      693 words
    • Article
      Lock icon Electricity demand picking up this month, says EMC
      437 10  -  Demand stayed low in January-April, in line with past trends By RONNIE LIM ELECTRICITY demand which stayed low in Janu-ary-April, latest official data showed has started picking up around May, when the political hustings and hot weather hit Singapore. Dave Carlson, the
      437 words
    • Article
      Lock icon World Bank puts business ahead of workers: union body
      365 10  -  By LYNN KAN TRADE unions around the world suspect the World Bank of underminining their efforts to promote better labour standards. The president of the International Trade Union Confederation Asia Pacific (ITUC-AP) G Rajasekaran said the World Bank promotes business interests
      365 words
    • Article, Illustration
      Lock icon Customers happier with retailers here
      436 10  -  Satisfaction with infocomms sector holds steady after three years of decline By TEH SHI NING SINGAPORE’s shoppers are now more satisfied with retailers here, the latest results of the Customer Satisfaction Index of Singapore (CSISG) shows. Customer perceptions of the retail sector, one of two
      Source: Institute of Service Excellence at the Singapore Management University  -  436 words
    • Article
      Lock icon Art auction yields $23,600 for BT BAF
      392 10  -  4 Andrew K Jack works snapped up, 2 more available until May 21 By LYNN KAN AN auction of art works fetched $23,600 yesterday, benefiting The Business Times Budding Artists Fund (BT BAF). Four winning bidders walked away with canvases from the late
      392 words
    • Article, Illustration
      Lock icon Epic outdoor theatre to open Arts Fest
      549 10  -  By DYLAN TAN WHEN award-wining Osaka theatre group Ishinha tours its productions, it doesn’t just bring its actors, crew and props along, it also builds a whole theatre from the ground up for the performance. Opening this year’s Singapore Arts Festival with When
      549 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Leaders reject Greece’s drive for more aid
      657 12 The Athens govt must first deliver on pledges to overhaul the ailing economy Bloomberg AP [BRUSSELS] European leaders slowed debt-wracked Greece’s drive for extra aid, saying the Athens government must first make good on pledges to overhaul an economy mired in a three-year
      Bloomberg; AP; BLOOMBERG  -  657 words
    • Article
      Lock icon Energy costs drive up German inflation
      260 12 Inflation jumps to 2.7% in April from 2.3% in March, slightly higher than forecast Bloomberg [FRANKFURT] Inflation in Germany, Europe’s largest economy, accelerated more than initially estimated in April after energy costs surged. The inflation rate, calculated using a harmonised European Union method, jumped
      Bloomberg  -  260 words
    • Article, Illustration
      Lock icon China driving boom but budget not solely reliant on it: Swan
      434 12 AFP [SYDNEY] Australia is riding a China-driven mining boom and will benefit from the region’s rising clout in the “Asian century”, but its budget was not solely reliant on it, Treasurer Wayne Swan said yesterday. Asia’s insatiable demand for
      AFP; BLOOMBERG  -  434 words
    • Article
      Lock icon Irish economy set for stronger growth this year
      395 12 Think tank upgrades previous GDP forecast to 2% AFP [DUBLIN] Ireland’s troubled economy is set to grow by a stronger-than-expec-ted 2 per cent this year, the nation’s leading think tank predicted yesterday. Gross domestic product (GDP) will rebound sharply, the Economic and
      AFP  -  395 words
    • Article
      Lock icon EU plans to drop dozens of states from trade preferences scheme
      381 12 Reuters [BRUSSELS] The European Union plans to end tariff benefits for dozens of countries that have outgrown the need for preferential trade treatment under sweeping reforms presented by the bloc’s trade chief on Tuesday. Brazil, Argentina, Russia, Saudi Arabia
      Reuters  -  381 words
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      797 12 WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AOI CHENGDU PTE LTD (In Members' Voluntary Liquidation) Reg No. *****1063D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 100 Tras Street #06-01 Amara Corporate
      797 words
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      Lock icon Page 12 Advertisements Column 2
      166 12 MATS NOTICES I, David Mark Reynolds, bachelor, of 20 Brooke Road, #01-01 The Palladium, Singapore, *****4 intend to marry Joan Marina Rozario, single, of 20 Brooke Road, #01-01 The Palladium, Singapore, *****4 at Villa Atas Imbak, Jalan Batu Belig, Bali, Indonesia on 23 rd July 2011. Any person knowing of
      166 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia to spend US$250b on development
      480 13 Yudhoyono plans to double spending on roads, ports, and airports to US$140b Bloomberg [SINGAPORE] Indonesia will probably spend US$250 billion on infrastructure development in the next five years, investments that will spur the economy and ease bottlenecks that have crimped growth, according to Morgan
      Bloomberg  -  480 words
    • Article
      Lock icon Malaysia’s industrial production slows in March
      166 13 Bloomberg [SINGAPORE] Malaysia’s industrial production growth slowed in March as mining and power companies decreased output and Japan’s record earthquake disrupted trade in Asia. Production at factories, utilities, and mines rose 2.4 per cent from a year earlier after gaining a revised 5.2 per
      Bloomberg  -  166 words
    • Article, Illustration
      Lock icon Hong Leong stock price boosted by Q3 earnings, EON takeover
      446 13 Bloomberg [KUALA LUMPUR] Hong Leong Bank Bhd rose to a record in Kuala Lumpur trading after reporting a 27 per cent leap in third quarter earnings and analysts upgraded their forecasts to reflect higher future profits following its RM5.06 billion
      Bloomberg; BLOOMBERG  -  446 words
    • Article
      Lock icon Mitsui buys stake in Islamic insurance firm
      234 13 Bloomberg [KUALA LUMPUR] Mitsui Sumitomo Insurance Co is expanding its partnership with Malaysian billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd by acquiring a 35 per cent stake in its Islamic insurance unit. The Tokyo-based company, a unit of Japan’s biggest casualty
      Bloomberg  -  234 words
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      30 13 COUCHSURFING IN INDIA Despite safety concerns, more travellers are sleeping on strangers’ couches now DEEPIKA PADUKONE: A RELATIONSHIP IS LIKE A BABY GETYOUR COPYTOMORROW FROMALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      30 words
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      170 13 US SO HAPPY 1 Claire and Cheryl Heng, 10 and 9, Ballet Students Looking at Claire and Cheryl joyfully perform their ballet routine, you would never have suspected they have gone through difficult times at home. Despite having endured a highly emotional experience, the sisters have absolutely blossomed with their
      170 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Coach plans secondary listing in Hong Kong
      301 14 Bloomberg [NEW YORK] Coach Inc, the biggest US maker of luxury handbags, said that it plans a secondary listing in Hong Kong by selling depositary receipts by the end of the year, as Chinese spending expands with growing wealth. A dual listing in
      Bloomberg  -  301 words
    • Article, Illustration
      Lock icon China’s inflation eases to 5.3% in April
      579 14 Latest data suggests economy is cooling, thus limiting need for tighter policy Reuters [BEIJING] China’s inflation eased in April to 5.3 per cent and other data, including for industrial output and loans, suggested the world’s second-biggest economy may be cooling and there was
      Reuters  -  579 words
    • Article
      Lock icon Court rejects stiffer Bhopal charges
      284 14 AP [NEW DELHI] India’s Supreme Court rejected an appeal yesterday to reinstate stronger charges against seven people convicted of negligence in connection with the 1984 toxic gas leak in Bhopal that killed an estimated 15,000 people. The leak at a Union Carbide plant, the world’s
      AP  -  284 words
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      1286 14 MATS NOTICES KBC Bank N.V. (Incorporated in Belgium) Consolidated Annual Accounts As At 31 December 2010 Consolidated Balance Sheet Dec 31, Dec 31, 2009 2010 in millions of EUR ASSETS Cash and cash balances with central banks 6,943 15,236 Financial assets 265,523 252,035 Held for trading 40,791 30,898 Designated at
      1,286 words
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      Lock icon Page 14 Advertisements Column 2
      174 14 "The award has helped to heighten our profile and increased our recognition by design clients in Singapore and internationally, including Malaysia, Thailand and Hong Kong. We have also seen an increase in the number of residential and hospitality companies from Sri Lanka, China and Malaysia who have expressed interest to
      174 words
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  • WORLD
    • Article, Illustration
      Lock icon Japan seeks govt approval for Tepco damages
      505 15 Reuters [TOKYO] Japan’s trade minister said he was aiming for cabinet approval this week of a government-backed scheme to help Tokyo Electric Power (TEPCO) pay for damages caused by the crisis at its Fukushima Daiichi nuclear plant. Earlier yesterday, Tokyo Electric said it
      Reuters; BLOOMBERG  -  505 words
    • Article
      Lock icon HSBC eyes up to US$3.5b in savings
      510 15 It’s reviewing its US cards business and streamlining ops Reuters [HONG KONG/LONDON] HSBC Holdings Plc is reviewing its US cards business and streamlining its wealth management and retail banking operations as it eyes savings of up to US$3.5 billion, Europe’s biggest bank said
      Reuters  -  510 words
    • Article
      Lock icon GM to invest US$2b in 17 plants
      362 15 Move comes as the carmaker shifts from recovery mode to investing in future products Reuters [TOLEDO, Ohio] General Motors Co said on Tuesday that it will invest about US$2 billion in 17 US plants, including one here that makes transmissions for small cars,
      Reuters  -  362 words
    • Article, Illustration
      Lock icon Democrats bring bill to curb Big Oil’s tax break
      601 15 But Republicans maintain oil majors will pass on costs to consumers Reuters [WASHINGTON] Democratic US Senators introduced a bill on Tuesday to repeal tax breaks enjoyed by the five biggest oil companies, freeing up US$21 billion over a decade to ease
      Reuters; AFP  -  601 words
    • Article
      Lock icon March trade deficit up 6% to US$48b
      363 16 LATEST US DATA AP [WASHINGTON] US companies sold the most goods and services overseas on records dating back 15 years. But a big jump in oil prices pushed the nation’s trade deficit higher in March. The trade deficit rose 6 per cent to
      AP  -  363 words
    • Article
      Lock icon China eases trade rules, allows US fund sales
      636 16 But US’s call for a faster appreciation of the yuan was brushed back Reuters [WASHINGTON] China pledged easier access for US companies to key sectors of its economy by removing barriers to its huge market in government contracts and offering a foothold
      Reuters  -  636 words
    • Article
      Lock icon Jim Rogers plans to short US Treasuries
      295 16 Reuters Bloomberg [NEW YORK] Jim Rogers, the veteran investor and commodity bull, plans to short US Treasuries and wants to buy more silver, he told Reuters in an interview while telling a conference in Edinburgh on Tuesday that the US dollar will be
      Reuters; Bloomberg  -  295 words
    • Article, Illustration
      Lock icon Italian central bank governor slated to be next ECB chief
      433 16 AP [FRANKFURT] Italy’s Mario Draghi is set to become the next head of the European Central Bank (ECB) and inherit the task of taming the continent’s stubborn debt crisis after Germany made clear that it would back him. Incumbent Jean-Claude
      AP  -  433 words
    • Article, Illustration
      Lock icon Brazil faces heat for World Cup slum evictions
      843 16 Reuters [RIO DE JANEIRO] Like his house, Jose Santos de Oliveira is an island of resistance. The middle-aged gardener and his home stand amid the sea of rubble that remains of the slum community of Vila Recreio 2 in the west of
      Reuters; REUTERS  -  843 words
    • Article
      Lock icon Facebook accidentally leaked user info: Symantec
      267 16 Reuters [BANGALORE] Facebook users’ personal information could have been accidentally leaked to third parties, in particular advertisers, over the past few years, Symantec Corp said in its official blog. Third-parties would have had access to personal information such as profiles, photographs, and chat, and
      Reuters  -  267 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      87 15 Lunchbox Theatrical Productions, David Atkins Enterprises and Base Entertainment in association with The Really Useful Company Asia Pacific present THE MUSIC OF i I w I s m m J a m WHITE FEATURING SONGS 7-17 JULY ONLY FOR A STRICTLY LIMITED SEASON GRAND THEATER, MARINA BAY SANDS Buy online
      87 words
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  • Page 16 Advertisements
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      42 17 FASHION! FESTIVAL Driving imagination. The first Audi A7 Sportback, unveiled. IINIRL O < Ivy 3t 4 V Audi FA FESTIVAL Download the AFF SG app and stand a chance to win tickets to the Audi Fashion Festival Singapore 2011. Audi Vorsprung durch Technik
      42 words
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  • Page 18/19 Advertisements
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      124 18/19 4 J A V L m *P®I 3^ Z' The first Audi A7 Sportback, unveiled. The Audi A7 Sportback is a unique expression of refined technology and beauty, setting the benchmark for a luxurious lifestyle. Articulated by flowing lines, the Audi A7 is a moving sculpture chiseled to an exquisite
      124 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A churning going on in the IT world
      489 20 EDITORIAL IT says something about consumer awareness of information technology companies that they have garnered four of the top five places as the most valuable global brands in 2011. A survey by Millward Brown Optimor, a subsidiary of communications company WPP, shows
      489 words
    • Article, Illustration
      Lock icon Can SDR replace US$ as quasi-global currency?
      876 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent “A DOLLAR is a dollar is a dollar, in the same way that a rose is a rose is a rose,” said French Finance Minister Christine Lagarde at the Asian Development Bank (ADB) annual meeting in
      876 words
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      Lock icon Asean in uphill battle for community goal
      1027 20  -  It must forge a common position to influence the global response to issues By SANCHITA BASU DAS The writer is lead economic affairs researcher at the Asean Studies Centre, Institute of South East Asian Studies. The views expressed are her own THE 18th
      AFP  -  1,027 words
    • Article, Illustration
      Lock icon How to save the EU – and the euro
      1532 21  - How to save the EU and the euro Keynesianism, properly understood and applied, is the only way forward with more fiscal rectitude in normal times By HENRY FARRELL JOHN QUIGGIN Henry Farrell is associate professor of political science and international affairs at George Washington University and a fellow at the
      BLOOMBERG  -  1,532 words
    • Article
      Lock icon Steering away from disaster
      295 21 EU leaders could take the hard Keynesianism approach HARD Keynesianism would not solve all of the EU’s economic and political problems. But it would steer the union away from the disaster towards which it is now sleepwalking. A new set of rules based on this approach
      295 words
    • Article
      Lock icon Don’t let conflict of interest override judgment: ICPAS
      536 21  -  LETTERS TO THE EDITOR Ernest Kan President Institute of Certified Public Accountants of Singapore WE refer to the commentary “Troubles at another S-chip with a twist” by associate professor Mak Yuen Teen published in The Business Times on April 27, 2011. The
      536 words
    • Article
      Lock icon Towards a more gracious, kinder S’pore
      165 21  -  William Wan General manager Singapore Kindness Movement Secretariat AMONG the ideals that bubbled up during the recent General Election 2011 was the call to focus on the “heartware” and “soul” of Singapore beyond economic and material success to a more compassionate and gracious society.
      165 words
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  • AVIATION
    • Article, Illustration
      Lock icon Emirates draws flak over expansion plans
      421 22 It has been criticised by European carriers who say Emirates is subsidised Reuters [DUBAI] Emirates plans to fly to more places and order more planes, ignoring claims of unfair competition from rivals, the airline’s chairman said on Tuesday. The airline’s aggressive expansion has been
      Reuters; AP  -  421 words
    • Article
      Lock icon Virgin Blue, Delta get green light for US-Aust flights
      238 22 Bloomberg [WASHINGTON] Delta Air Lines Inc and Virgin Blue Holdings Ltd won tentative US approval to collaborate on US-Australia flights, a reversal of an earlier decision, after they adjusted their proposal to include more passengers. “The expansion and optimisation of their
      Bloomberg  -  238 words
    • Article, Illustration
      Lock icon EasyJet’s H1 losses widen to £114m
      487 22 AFP [LONDON] EasyJet’s net losses widened to £114 million (S$229 million) in the first half on soaring jet fuel costs and higher taxes, the British no-frills airline said on Tuesday. Losses after tax for the six months to March 31 compared with a net
      AFP; REUTERS  -  487 words
    • Article
      Lock icon China Southern unit buys six Dreamliners
      355 22 AFP [HONG KONG] China Southern Airlines said its Xiamen Airlines unit has bought six 787 Dreamliners from Boeing, as the country’s carriers boost their fleets to meet soaring demand. The planes, which will be delivered between 2014 and 2015, have a combined price tag
      AFP  -  355 words
    • Article
      Lock icon Air China issues full-year profit warning
      202 22 Reuters [BEIJING] Air China, the country’s flag carrier, expects its full-year net profit will fall below the 2010 level, its chairman said yesterday. Kong Dong cited high steel prices and disruption of flights to Japan after that country’s earthquake and tsunami, as well as
      Reuters  -  202 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3239 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 EY473 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Amsterdam LO4031
      3,239 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      351 22 CRYPTIC CROSSWORD Across 7 The sort of setback that doesn’t affect Mum or Dad (8) 9 Periodical lacking power, we’re told (6) 10 Short fellow taking companion to a dance (3-3) 11 Policy U-turn makes you go mad, then collapse (4-4) 12 A short campaign organised with many special effects?
      351 words
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  • Page 23 Advertisements
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      59 23 Legal services required by shippers owners Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE
      59 words
  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3928 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
      3,928 words
    • Article, Illustration
      Lock icon Maersk posts 85% increase in Q1 net profit to 6.35b kroner
      420 24 Industry returned to profit last year as volumes and freight rates recovered Bloomberg [COPENHAGEN] AP Moel-ler-Maersk A/S, the owner of the world’s largest container line, said first quarter profit jumped 85 per cent as global trade expanded. Net income
      Bloomberg; BLOOMBERG  -  420 words
    • Article
      Lock icon Keppel Fels bags US$393m Qatar contract
      274 24  -  By LYNN KAN KEPPEL Fels has landed a US$393 million deal to build two bespoke jack-up rigs for Qatar’s Gulf Drilling International (GDI). The KFELS B Class Bigfoot rigs will be delivered to Keppel’s return customer in the third quarter of 2013 and 2014.
      274 words
    • Article
      Lock icon Suez traffic shows no weakness in trade
      692 24 Bloomberg [LONDON] Cargo carried through the Suez Canal rose 4.1 per cent to an eight-month high in April, signalling no weakness in world trade and the thirdhighest profit ever for AP Moeller-Maersk A/S, the biggest container-shipping line. The Egyptian waterway carries about 8
      Bloomberg  -  692 words
    • Article
      Lock icon Radioactive containers likely left Japan before checks
      431 24 Bloomberg [TOKYO] Five shipping containers detained in Rotterdam after testing positive for radiation probably left Japan before a screening programme started, the Asian nation’s transport ministry said. Japanese authorities officially began scanning cargo boxes for radiation on April 28 because of concerns about
      Bloomberg  -  431 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 24 SGX '000 May 11 S$ +/-Vol CH Offshore 0.46 -0.01 154 Chuan Hup Hldg 0.24 0.01 10 Cosco Corp 2.10 -0.04 ***** CWT Ltd 1.29 unch 1111 Ezra Hldgs 1.59 -0.02 7665 First Ship Lea 0.39 unch 693 Freight Links 0.06 -0.01 207 Grand Banks 0.48 0.01 315
      278 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr May 10 Index Change Change Change Change Change Change World Index Preliminary 935.8 0.6 4.3 0.6 2.7 0.8 6.6 EAFE Preliminary 808.3 0.7 0.9 0.9 1.7 1.1 5.6 Europe Preliminary 1207.0 1.1
      374 words
    • Article
      Lock icon INTERBANK RATES
      178 25 May 11 Bid $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.23 0.13 1 month 0.33 0.23 2 months 0.38 0.28 3 months 0.42 0.32 6 months 0.52 0.42 9 months 0.75 0.55
      178 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 May 11 S$ Bid Offer 1-month 1.2292 1.2295 2-months 1.2292 1.2295 3-months 1.2292 1.2295 6-months 1.2294 1.2297 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 May 11 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.38 1.302 Can dollar 1.31 1.26 Euro 1.805 1.736 Sterling pound 2.051 1.973 NZ dollar 1.006 0.959 US dollar 1.246 1.199 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      28 25 May 11 May Open High Sett STI May 3170 SIMSCI May 368.9 372.0 372.0 Taiwan May 319.9 322.9 319.4 Source: MF Global (S) Pte. Ltd
      28 words
    • Article
      Lock icon PALM OIL
      66 25 May 11 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3495 3437 3500 3400 389 3378 Jun 11 3365 3370 3380 3336 2203 ***** Jul 11 3265 3269 3283 3257 ***** ***** Aug 11 3238
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      464 25 May 11 May OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7350 0 3704 Sep11 99.6800 0 2192 Dec11 99.5750 0 1263 Mar12 99.4100 0 1103 EUROYEN TIBOR FUTURES Jun11 99.6750 200 5803 Sep11 99.6825 0 1474 Dec11 99.6850 130 1957 Mar12 99.6700 99.6700 99.6700 99.6725
      464 words
    • Article
      Lock icon SICOM FUTURES
      136 25 May 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 515.8 501.8 511.5 100 Jun 11 511.0 505.0 507.0 36 Jul 11 497.3 Aug 11 489.2 Sep 11 489.2 Oct 11 489.2 Nov 11 489.2 Dec 11
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      75 25 May 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 11.08.2011 0.28 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.22 5-Year N*****0W 1.125 01.04.2016 100.08 10-Year NY*****N 3.250 01.09.2020
      75 words
    • Article
      Lock icon CHICAGO BOT
      107 25 May 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1340.00 1335.00 1352.25 1335.25 Jul 11 1338.00 1335.00 1353.00 1332.00 Aug 11 1337.00 1334.75 1351.50 1333.25 Sep 11 1329.75 1326.25 1342.25 1325.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 56.49
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS May 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.98 4.36 WTI (Near Mth) 103.72 1.01 Dubai (1-Mth F) 108.29 1.83 Tapis blend 122.11 2.26 Minas 118.51 2.26 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 112.78 3.90 Jet Kerosene 127.25 1.40 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2686 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1.5 1 4 10 3.33 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 3.5 unch
      2,686 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 25 May 11 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 7.056 0.755 8.448 48.573 92.798 0.877 11.698 3.241 1.366 92.326 46.608 1.336 7.375 0.956 31.136 32.668 0.663 1.087 Canada 0.963
      465 words
    • Article
      Lock icon LIFFE
      82 25 May 10 COCOA (£/tonne) Close Prev High/Low May 11 1879 1867 1888/1855 Jul 11 1909 1897 1920/1884 Sep 11 1928 1912 1937/1902 Dec 11 1949 1934 1953/1923 COFFEE (US$/tonne) Close Pev High/Low May 11 2567 2594 2604/2550 Jul 11 2585 2602 2613/2552 Sep 11 2609 2624 2634/2576 Nov 11
      82 words
    • Article
      Lock icon SIBOR
      85 25 May 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 May 11 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3355 1.3370 1.0865 1.0874 Canadian dollar 1.2866 1.2872 1.0467 1.0469 Euro 1.7687 1.7693 1.4389 1.4390 NZ dollar 0.9775 0.9783 0.7952 0.7957 Sterling pound 2.0149 2.0159 1.6392
      155 words
    • Article
      Lock icon PRECIOUS METALS
      140 25 May 11 GOLD (US$/oz) May 11 May 09 Hong Kong 1529.00 1512.00 May 09 May 10 London 1508.00 1516.36 1509.00 1517.13 Source: Thomson Reuters CAST BAR May 11 (S$) Selling Buying Kilobar 64,535.98 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 60 5gm 410 301 10gm 733
      140 words
    • Article
      Lock icon LONDON METALS
      70 25 May 10 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2653.00 2610.00 3 months 2652.00 2610.00 Copper, Grade A (US$/tonne) Cash 8888.25 8866.75 3 months 8910.00 8890.00 Lead (US$/tonne) Cash 2358.50 2334.00 3 months 2335.00 2300.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8478 26 Transaction date: May 11 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 15.5 unch 210 15.5 15 15.5 17 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7 +0.5 586
      8,478 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9812 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.12/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,812 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      350 27 Gold Stocks r Yl -mm m m m m Bonds J VJ Gold Commodities FX Crosses FX Options Bonds ETCs CFDs XFu lures/*" El"^ StocksV-rUS t, VCc, Bonds FX Commodities FX C rosses FX Options Gold FX e V> CFDs Stocks ETFs ETCs o^ 0 x-° c,Futures FX CFDs Stocks
      350 words
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  • BizIT
    • Article, Illustration
      Lock icon Tata Comms to invest $440m here over 4 years
      673 28  -  S’pore govt awards Indian ICT provider international headquarter status, reports VICTORIA HO reports VICTORIA HO WITH its international headquarters here, Tata Communications plans to commit $440 million to Singapore over the next four years. The infocomm technology (ICT) provider, which is
      BLOOMBERG  -  673 words
    • Article
      Lock icon Acer close to decision on software maker: chairman
      630 28 Bloomberg [TAIPEI] Acer Inc’s chairman said he’s close to deciding whether to buy a software developer that would boost the appeal of its products as Taiwan’s biggest computer maker seeks to revive investor confidence and earnings growth. The company has narrowed the
      Bloomberg  -  630 words
    • Article
      Lock icon Fab spending in region set to grow 43.8%
      563 28  -  SEMI expects global semicon revenue to grow 5-10% By AMIT ROY CHOUDHURY DRIVEN by a positive demand in the electronics sector, especially mobile devices, semiconductor fab spending in South-east Asia is expected to grow 43.8 per cent in 2011, according to global
      563 words
    • Article
      Lock icon SGX CATALIST
      1576 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 6.5 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 164 157 165 97.3 1.5 0.5 t Advanced System 0.5
      1,576 words
    • Article
      Lock icon GLOBALQUOTE
      232 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A50 3 48 52.5 3.6 7 4 130.2 55 16 Genting HK US$ US42.5 unch 5485 43.5 42 42 42.5 2798.4 21 10.5 Over&Gen
      232 words
    • Article
      Lock icon SGX ETF
      822 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.5 112.1 122.8 509 1077 761 CIMBAsean40 100US$ US1042 1063 1067 41.7 350 270 DBS STI ETF 100 321 +2
      822 words
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  • PROPERTY
    • Article, Illustration
      Lock icon HK to auction off 3 land parcels today
      765 29 This comes after home sales in April fell to the lowest volume in 2 years Bloomberg ][HONG KONG] Hong Kong will sell three land parcels in an auction today that comes after home sales in April fell to the lowest volume in
      Bloomberg; AFP  -  765 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 15 WITH CONTRACT DATES BETWEEN APRIL 13 AND APRIL 19, 2011
      1667 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 15/04/2011 99 2368 ***** 4368 One Shenton Apt 13/04/2011
      1,667 words
    • Article, Illustration
      Lock icon Home sale values in China plunge 21%
      454 30 April’s result came after measures were expanded to tackle asset bubbles’ risks Bloomberg [SHANGHAI] China’s home sales transaction value fell 21 per cent in April from the previous month after the government expanded measures to tackle risks of asset bubbles. The value of
      Bloomberg; AFP  -  454 words
    • Article, Illustration
      Lock icon Clementi Mall’s series of firsts
      336 32  -  Baskin Robbins and Hong Kong fashion label to make Singapore comeback By MINDY TAN [SINGAPORE] Even before its project completion date, Clementi Mall is 100 per cent leased, and boasts the re-entry of American ice cream icon Baskin Robbins into the Singapore market. Hong Kong
      ZAOBAO  -  336 words
    • Article
      Lock icon BCA to raise bar for awards
      301 32  -  This year’s projects show big improvement in quality By MINDY TAN [SINGAPORE] A total of 17 awards and 11 certificates of merit will be given out at this year’s Building and Construction Authority (BCA) Construction Excellence Awards. BCA noted that this year’s award is
      301 words
    • Article
      Lock icon S’pore office costs 3rd highest in Asia
      812 33  -  But competitiveness with HK improves as gap in Grade A office rentals widens By KALPANA RASHIWALA [SINGAPORE] Singapore remained the third most expensive office location in the Asia-Pacific for the seventh consecutive quarter since the office market bottomed in the third quarter of
      812 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      314 29 KnightFrank.com.sg Estate Agent Licence No. L*****36J Estate Agent Licence No. L*****30D FOR SALE BY TENDER 26 ORIOLE CRESCENT Detached House in Raffles Park Good Class Bungalow Area Lot Mkl5-*****A Legal Description Freehold Land area 9,969.62 sq ft (approx. 926.2 sq m) Prestigious and exclusive residential enclave Elevated land with a
      314 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      111 30 Rare opportunity to develop a master-planned community in Western Australia FOR SALE Baldivis Zig Zag Roads, Baldivis, WA 15 Titles with a combined land area of 76.7048ha* ‘Urban Deferred’ MRS zoning with imminent decision on lifting of ‘deferred’ status Part of the East Baldivis Structure Plan area with approval anticipated
      111 words
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      Lock icon Page 30 Advertisements Column 2
      497 30 Perth CBD’s best value add opportunity FOR SALE Subject 251 St Georges Terrace, Perth, Western Australia www.realcommercial.com.au/*****97 Fully leased net income: AUD$6 million* NLA: 9,745sqm* over nine levels Refurbish, reposition and potential additional development 115 secure basement car bays 0-star NABERS Energy Rating Substantial air-conditioning upgrade due for completion June
      497 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      575 32 For Sale by Estate High-rise site opp Parkway Parade Land 47,400 sf; FH; GPR 2.1/24-sty Includes a charming conservation house Sea views from mid-floor units onwards 1 km to Tao Nan Sch, Haig Girls’ Sch Potential for 100 units of 1,000 sf apts Tender Closing on 6 June 2011 (Mon),
      575 words
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      111 32 CLEMENCEAUAVEU/C PHOLI HAVELOCK RD SEACARE HOTEL U/C PROPOSED HOLIDAY INN EXPRESS DEVELOPMENT JLN KUKOH CHINSWEERD SWEERD CTE CHIN HOTEL RE OUTRAM PARK LANDMARK TOWER OUTRAM CENTRAL MALL MagazineRd ERP Gantry CHIN SWEE RD HAVELOCK RD UPPER CROSS STATTAN MANHATTAN HOUSE PEARL’S HILL RD Subject Property CROSS ST UPPER CRESCENT TERRACE
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      58 32 Private Preview At Bukit Timah Nature Reserve 32 strata homes with splendour of greenery serenity Enjoy 4-levels of luxury living with private home lift By award-winning architect Ready for immediate occupation Please call us now for private preview appointment Benson Lau 9362 1173 Reg no. R*****4H Estate Agent Licence No:
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      339 33 London’s top property experts here in Singapore for two days only Friday 13th and Saturday 14th May 2011 Limited appointments available Anita Mehra, CEO and Marc von Grundherr, Associate Director at London’s largest residential lettings agency Benham and Reeves, will be in Singapore on Friday 13th and Saturday 14th May
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      Lock icon Celebrating the Culture of Chaos
      1001 34 Rem Koolhaas is respected for his theoretical work, as an architectural polemicist and a practitioner A SPECIAL FEATURE BROUGHT TO YOU BY THERE are some architects whose work exist purely in the theoretical realm and are never expected to be built. Others design purely with
      DOMINIK GIGLER, BLOOMBERG  -  1,001 words
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      181 34 ImPWRV VVVffmcB irl %SVNaSSU'"j CVVteriTSH fcasH NltellSS"! 1 »u III}; 111 "ll :i '»t 8 A limited collection of bespoke residences in the heart of prestigious Orchard Road, Alba is an architectural masterpiece created by Bernardo Fort-Brescia of the highly-respected US-based design firm Arquitectonica. Every aspect of Alba is crafted
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