The Business Times, 10 June 2011

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Microfilm: NL31533
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, June 10,2011
    23 words
  • Article
    Lock icon Property price surge 'cannot go on forever'
    1245 1  -  Khaw Boon Wan addresses issue close to heart of S’poreans as H2 land sales programme is released By UMA SHANKARI [SINGAPORE] Determined to tame the runaway property market, the government will sell vast chunks of land this year on which private homes can
    1,245 words
  • Article
    Lock icon Auditors spill the milk on China firm
    643 1  -  KPMG’s report on China Milk reveals irregularities in transactions and payments By LYNETTE KHOO [SINGAPORE] Special auditors of China Milk have unravelled several irregularities in the company’s transactions and found significant payments made without board approval and documentation. A damning report released yesterday
    643 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 3,097.57 (-5.41) H ST INDEX FUTURES 3,098 (-5) H SIMSCI 359.66 (-0.85) H SIMSCI FUTURES 359.60 (-1.00) FOREX US$ S$ US$ (S$ per US$) 1.231 (US$/S$ per 1.645 2.024 EURO (US$/S$/E) 1.463 1.800 Foreign currency per US$ S$ YEN 80.10 65.10 RM 3.020 2.453 HK$ 7.780
    144 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon MBS does a balancing act with local gamblers
      901 2  -  It mentions cap on local visitors; MCYS says casinos are ‘tourist products’ By GRACE LEONG [SINGAPORE] The Singapore government has told Las Vegas Sands to ensure that not more than 30 per cent of all visitors to its casino at Marina Bay
      FILE PHOTO  -  901 words
    • Article
      Lock icon Malaysia industrial output falls unexpectedly in April
      442 2  -  By in Kuala S JAYASANKARAN in Kuala Lumpur MALAYSIA’s industrial production unexpectedly contracted 2.2 per cent in April from a positive 2.9 per cent the previous month and well below the street’s estimate of 2.6 per cent. The slowdown was across the board
      442 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      460 2 Property price surge cannot go on forever: Khaw DETERMINED to tame the runaway property market, the government will sell vast chunks of land this year on which private homes can be built in record numbers. The idea is to quell the fears of those who see their Singapore
      460 words
    • Article, Illustration
      Lock icon Temasek CEO likely to leave in August: report
      555 2  -  Stake in Indonesia’s Bank Danamon may be sold, says FT By CHUANG PECK MING [SINGAPORE] Temasek Holdings’ chief executive officer Ho Ching is likely to step down in August, according to Financial Times, citing “people familiar with the matter”. The front-page report,
      555 words
    • Article, Illustration
      Lock icon Marina View site among plum offerings
      983 4  -  It could fetch more than $1.3b; plush Jervois Road site also made available By KALPANA RASHIWALA [SINGAPORE] The government has slipped in a few plum sites into its sec-ond-half land sales programme, including a low-density private housing site in Jervois Road in District 10
      983 words
    • Article
      Lock icon ECB, Bank of England hold rates at depressed levels
      534 4  -  Trichet signals hike ahead, says ‘strong vigilance’ is needed By NEIL BEHRMANN in London FLUMMOXED by a sharp rise in Europe’s “misery index” of high unemployment and rising inflation, the European Central Bank (ECB) and Bank of England (BOE) kept rates
      534 words
    • Article
      Lock icon World Bank paints a new world order
      654 4  -  China to contribute one-third of global growth in 2025 By SHU-CHING JEAN CHEN in Hong Kong THE global economic centre of gravity has been shifting to the emerging world. And if World Bank economists are correct in their assessment, by 2025 this transformation
      654 words
    • Article, Illustration
      Lock icon Jayakumar clarifies powers of elected president
      385 4  -  By MAXIE AW YEONG [SINGAPORE] Former Senior Minister Professor S Jayakumar has expressed some surprise and disappointment over the comments of some of the candidates who plan to run for presidency. Prof Jayakumar, who was involved in drafting of the white papers and constitutional
      LIM WUI LIANG/THE STRAITS TIMES  -  385 words
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      185 2 Ready For Home Entertainment That's LARGER Than Life? iTilI I G Rone A Wireless Stereo System $2688 designedbyPhilippeStarck UP $2999 Since our inception in 1998, we have commissioned over 7000 residential and commercial projects, from luxury yacht to 60-seat private theatre room, conference hall's sound reinforcement to 'live' band set
      185 words
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      420 3 ninn vm FREEHOLD •.<* I, u m i wm 1.4 is r PI v 1 l«i i Sft I HI iSsslii 8SS& 1| 17 n. sg BBS iiSiilSI Sis H SSSSlr 11 i,, I? 1— \<\ is li S5BSS I mm I iCil A A Vision of White in the
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      95 4 Join us as Christians all over Singapore gather in one accord to pray for God’s blessing upon all nations GLOBAL PRAYER Theme: TO THE COMING GENERATION-FOR THE SAKE OF THE WORLD You Have a Part to Play: Come and pray at GDOP 2011 Pentecost Sunday (12 June) Prayer concerns: FAITH:
      95 words
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      138 5 www.vw. com. sg Mkg mm ii There's no soft option sSS New Eos. With its CSC roof the new Eos is the only cabriolet in the world with the option of three driving experiences. Sporty hard-top coupe, sliding panoramic sunroof, or open-top cabriolet. And when it comes to performance there's
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Artivision tops active list with 104m shares changing hands
      505 6  -  Stock up 10% after company says it will raise $2.5m via private placement By VICTORIA HO AFTER a day of halted trading, Artivision topped the most active list on the Singapore Exchange yesterday with some 104 million shares changing hands. The
      FILE PHOTO  -  505 words
    • Article, Illustration
      Lock icon FSLT raises $20m in private placement for tanker
      539 6  -  By JOYCE HOOI IN a bid to grow its cashflow and boost liquidity, First Ship Lease Trust (FSLT) has raised S$20 million or US$16.3 million from a private placement of 56 million new units, it announced yesterday. The net proceeds of about
      539 words
    • Article
      Lock icon Noble trumps Exxaro’s bid for Territory
      469 6  -  By JAMIE LEE COMMODITIES trader Noble Group has thrown in a counter-bid for Australian iron miner Territory Resources in a cash offer that values the ASX listing at about A$132.6 million (S$173.6 million). It has also highlighted loans totalling US$33.9 million that Territory owes
      469 words
    • Article, Illustration
      Lock icon Midas unit secures 62m yuan metro deal
      265 6  -  By ENYA LIM MIDAS Holdings group yesterday announced that its aluminium alloy division, Jilin Midas Aluminium Industries Co Ltd, has secured a 62 million yuan (S$11.8 million) contract from CNR Changchun Railway Vehicles Co Ltd for the Shanghai Metro Line 12 Project. Jilin
      FILE PHOTO  -  265 words
    • Article, Illustration
      Lock icon Keppel gets US$142m drilling tender job
      229 8  -  Contract from Seadrill for 8th unit follows completion of 7th unit in March By TEO SI JIA KEPPEL Fels Limited has clinched a US$142 million contract for the construction of a semi-submersible drilling tender (SSDT) from offshore drilling contractor Seadrill. This is the eighth
      229 words
    • Article
      Lock icon Yangzijiang bags US$700m order for 10,000-TEU ships
      325 8  -  By LYNETTE KHOO YANGZIJIANG Shipbuilding has become the first Chinese shipbuilder to clinch an overseas order for 10,000 TEU (twenty-foot equivalent unit) vessels, with the latest orders secured through its subsidiaries. The group yesterday said that its subsidiaries, Jiangsu New Yangzi Shipbuilding Co
      325 words
    • Article, Illustration
      Lock icon NOL to issue $300m of euro notes
      404 8 NOL Group will be issuing $300 million worth of euro medium term notes in what was a hugely oversubscribed offering. The proceeds will go towards partially financing the purchase of new containerships. According to DBS, the global coordinator for the notes issue, demand
      FILE PHOTO  -  404 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ipco raises stake in ESA to 81.25%
        77 8 IPCO International has completed the acquisition of an additional 12.5 per cent stake in ESA Electronics. A cash sum of $1.7 million has been paid to Aehr Test Systems, of which $1.45 million is from the proceeds of a recent placement and the
        77 words
      • Article
        Lock icon Tritech unit wins Downtown Line deal
        97 8 TRITECH Group’s wholly owned subsidiary, Tritech Engineering Testing (Singapore), has been awarded a $3.648 million contract by the Land Transport Authority (LTA) to provide services for Stage 3 of the Downtown Line, which comprises 16 stations with a 21 km underground tunnel between River
        97 words
    • Article
      Lock icon Synthetic ETFs: knowledge is key
      1096 12  -  HOCK LOCK SIEW By MICHELLE TAN POPULARISING ex-change-traded funds (ETFs) seems to be one of the initiatives actively pursued by the Singapore Exchange (SGX) and global ETF sponsors as they join hands to educate the media and public on what these products have to offer.
      1,096 words
    • Article
      Lock icon KepLand unit buys 7 ha Shanghai site for 1.25b yuan
      278 12 KEPPEL Land’s whollyowned subsidiary, Keppel Land China, has purchased a 7.2 hectare site in Jiading District, Shanghai, for 1.25 billion yuan (S$237 million). The site, located in an established residential area called Nanxiang Town, is for the potential development of
      278 words
    • Article
      Lock icon Malaysia GEMS seminar back for second time
      260 12  -  By MAXIE AW YEONG FOLLOWING the success of last year’s inaugural Malaysia GEMS seminar, organisers are bringing back the event next week to continue promoting cross-border investment to retail investors. Jointly organised by financial portal ShareInvestor and The Business Times, and partnered by
      260 words
    • Article, Illustration
      Lock icon Tiger Airways passenger volume up 23% in May
      280 12 BUDGET carrier Tiger Airways posted a 23 per cent jump year-on-year in passenger volume for the month of May, while the load factor inched up one percentage point to 83 per cent. In May, the low cost carrier clocked passenger numbers of
      FILE PHOTO  -  280 words
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      974 6 MATS Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES TENDER NOTICE Land Bank of Taiwan, Singapore Branch invites tenders from certified firms for Employee Insurance. Eligibility: Tenders hold experience in providing Employee Insurance. Document Fee No charge Collection of Tender Document: Tender documents are obtainable from Land Bank of Taiwan, Singapore Branch,
      974 words
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      322 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BEDOK HENG HENG GOLDSMITH JEWELLERS (PTE) LTD (Company Registration No. *****4843R) (IN VOLUNTARY LIQUIDATION) MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company duly convened and held at 10, Ubi
      322 words
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      19 6 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices OATci NOTICES
      19 words
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      307 7 o Sentosa Come home to Asia's most desirable waterfront address Reflections at Keppel Bay. The centrepiece of Singapore's most daring icon is now released for sale. Breathtaking ocean vistas. A vibrant waterfront playground. Towering majestically over Singapore's southern shorelines, Reflections at Keppel Bay redefines world-class waterfront living. Select from our
      307 words
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      2479 8 THE LEXICON GROUP LIMITED (“Company”) (Company Registration No. *****7135Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 4 July 2011 at 10.30 a.m. at 1 Harbourfront Walk, #01-52 Vivocity, Singapore *****5,
      2,479 words
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      57 8 7 "v s I rJ L- I U r*7 ~J 1 Q "7 I o c i... --J V > L<~N J FIND THE ONES THAT FIT! r~? .J U Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. WATS RECRUIT I 'T
      57 words
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      207 9 Light. Speed.ete in the 24 Hou On 11 June, the Audi R18 TDI will compete in the 24 Hoursd with Audi ultra lightweight technolohieve even greater eff of Le Mans equipped with Audi ultra lightweight technology.istance record, our goal this year is to achieve even greater efficieiR18 TDI now features
      207 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Markets see-saw in nervous trading
      566 10  -  Sentiment weighed down by concerns over risk of double-dip recession, potential default by Greece STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets see-sawed in nervous trading as concerns about a dou-ble-dip recession and a potential default by Greece continued to weigh down sentiment. Reflecting the nervousness,
      Source: Bloomberg  -  566 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 Jun 9 VALUE CLOSE BT OB/OS -231.00 +22.00 BT CADI -*****.00 -21.00 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 750.27 +0.25 FTSE ST Small Cap 522.31 -0.79 FTSE ST All Share 759.08 -1.06 FTSE ST China Top 254.27 -0.63 FTSE ST China 294.17 -0.99 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 4 0 0 0 4 8 4 Manufacturing 45 49 68 2 5 11 47 54 79 Commerce 15 15 24 4 3 3 19 18 27 Tpt/Stor/Comms 13 15 14
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Olam International
        472 10 June 9 close: $2.74 OCBC Investment Research, June 9 EQUITY funding raise exercise: Olam International Limited had recently announced an equity fund raising exercise to raise around $740 million of gross proceeds; this via three separate tranches, including a pro-rata and non-renouncea-ble preferential offering of 97.3 million new
        472 words
      • Article
        Lock icon OSIM International
        405 10  -  June 9 close: $1.50 DMG Partners Securities, June 9 Compiled by Lynette Khoo OSIM announced that it has placed out $120 million convertible bonds (CBs) to institutional investors at a conversion price of $2.025, a 25 per cent premium against last closing of $1.62 on June 7. The
        405 words
      • Article
        Lock icon Glossary:
        136 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        136 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 24,534 24,534 68,018 68,018 Manufacturing 281,741 16,096 297,837 213,386 340 213,726 Commerce 75,371 14,745 90,116 81,503 952 82,455 Tpt/Stor/Comms 142,062 13,737 155,799 228,098 1,746 229,844 Finance 15,063 15,063 114,649 114,649 Construction 23,409 571 23,980 6,520
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.580 +0.010 CapitaLand 3.000 -0.010 CapitaMall 1.950 -0.020 CityDev 10.820 -0.080 ComfortDelGro 1.410 -0.020 DBS Grp 14.660 -0.060 F&N 5.720 -0.030 GLP 2.060 -0.030 Genting SP 1.970 Golden Agri 0.680 -0.010 HK Land 7.400 -0.030 JMH 51.960
      110 words
    • Article, Illustration
      Lock icon Euro gains eroded after ECB rate hike signal
      413 10 CURRENCIES Reuters [NEW YORK] The euro surrendered gains against the dollar yesterday after European Central Bank president Jean-Claude Trichet signalled a rate hike next month that already had been widely expected, leaving little room for further upside in the single currency. Traders
      Reuters; REUTERS  -  413 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 10 VOLUME Artivision 104,501,000 PerennialCRT 91,316,000 Golden Agri 46,367,000 Contel R 44,615,000 HPH Trust US$ 36,025,000 IndoAgri 30,842,000 NexGenSCom 30,755,000 Genting SP 30,531,000 ChinaAniH 26,292,000 SingTel 25,482,000 VALUE($) SingTel 79,493,010 Genting SP 60,223,030 PerennialCRT 58,121,640 IndoAgri 51,310,585 Keppel Corp 49,190,320 DBS Grp 48,030,090 HPH Trust US$ 38,788,926 UOB
      57 words
    • Article
      Lock icon RISES
      110 10 BY CENTS CLOSE UP Jardine C&C 3956 36.0 0.9 OCBC Bk 5.1%NCPS 100 ***** 28.0 0.3 IS S&P500 ***** 24.6 0.2 DBXT iBoxxSing 5SG$ ***** 24.0 0.2 DBXT FTVietnam 10US$ 2996 22.1 0.6 SIA 1422 22.0 1.6 Asia Pac Brew 2630 20.0 0.8 JMH 5196 19.7 0.3 GLD 10US$
      110 words
    • Article
      Lock icon FALLS
      121 10 BY CENTS CLOSE DOWN IS DJ US Tech 6363-328.5 -4.0 DBXT Nifty 10US$ *****-141.5 -0.9 DBXT MSJAP 10US$ 3747 -60.3 -1.3 CityDev.ES.1106 1082 -54.0 -4.8 TIH 187 -51.0 -21.4 DBXT MSKorea 10US$ 6167 -48.0 -0.6 DBXT MSAsExJp 10US$ 3355 -41.8 -1.0 DBXT MSCHINA 10US$ 1232 -39.4 -2.5 Lyxor Korea
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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      392 11 BlackBerry PlayBook. Key features > 7" Multi-Touch Display > 1GHz Dual-core Processor > Full Adobe® Flash® 10.1 enabled > BlackBerry® Bridge for secure pairing with your BlackBerry® for PIM access Register your interest at www.singtelshop.com/playbooktoday! FREE > Convertible case and charging stand (worth $156) for the 1 st 500 customers
      392 words
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      212 12 I iGrade'"A"Biz Space|L@| Heart oflRobinson Superlative, 2 xVolume Hall 9 m Column Free Expanse 2 Levels 10,150 sq feet $8 psf mth i ;n V. JERRY LUM ra Snr Marketing Director, MBA, CES atyg HP: 8288 0098 View: jerrylum.myweb.sg ONE Million Dollar CASH Draw < WINE DINE AND HOSPITALITY From
      212 words
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      152 13 BLINK AND YOU'LL MISS IT. II 9 MW1 Series M Coupe i r u VL W?. .V, m 21 Z m im n w W THE ALL-NEW BMW 1 SERIES M COUPE BE ONE OF THE SELECT FEW TO CATCH IT. Race for the chance to own the all-new BMW
      152 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Productivity torch passes to Tharman
      491 14  -  He succeeds Teo Chee Hean as chairman of the council to develop national strategies By NISHA RAMCHANDANI DEPUTY Prime Minister Tharman Shanmugaratnam has taken over the chairmanship of the National Productivity and Continuing Education Council (NPCEC) from Deputy Prime Minister Teo Chee Hean. There will
      491 words
    • Article, Illustration
      Lock icon Diversity in leadership crucial for firms expanding overseas
      505 14  -  They also must have innovation hubs in key markets: E&Y By MINDY TAN AS Singapore companies expand, they need to build diverse leadership teams that encourage diversity of experience, said Dilys Boey, advisory partner, Ernst Young Advisory. Citing studies that show that
      505 words
    • Article
      Lock icon NTU accounting research is tops in Asia
      334 14 NANYANG Technological University’s (NTU) accounting research ranks sixth globally, the best showing by an Asian institution. The next best Asian institution Hong Kong University of Science and Technology comes in at 40th globally, according to the rankings compiled by researchers at Brigham Young
      334 words
    • Article
      Lock icon Flavour of the month is return of Baskin-Robbins
      253 14 THE hiatus is over, for Baskin-Robbins fans, with the brand’s re-entry into the Singapore market after a two decade absence, in Clementi Mall and Velocity Novena. The Baskin-Robbins store at Novena represents a global milestone for the brand it is the 4,000th
      253 words
    • Article
      Lock icon Seek corporate purpose, says Burson-Marsteller
      351 14  -  Survey shows it may impact performance by up to 17% By KELLY TAY IN today’s climate of consumer distrust following the recent global financial crisis, companies would do well to look inwards and examine their raison d’être. So says Jeremy Galbraith, chief executive officer of
      351 words
    • Article
      Lock icon Bell and Cessna break ground on Seletar facility
      381 14  -  To be ready next year, it will service Asia-Pac customers By VEN SREENIVASAN BELL Helicopter and Cessna Company broke ground on a 48,700 sq metre multimillion dollar facility at Seletar Aerospace Park to service and support customers in the burgeoning Asia-Pa-cific market.
      381 words
    • Article
      Lock icon Forum on developments in China next month
      252 14 CHINA is embarking on a new phase of growth as its 12th Five-Year Plan kicks in and with a leadership change slated for 2012. As such, Business China will be hosting FutureChina Global Forum 2011 to address the concerns of dealing with an
      252 words
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      69 14 XIAO HONG ma Solo Exhibition recreates history through his brush Opening 10 June 2011, 7.30pm Artist will be present Duration: 11 June -11 July 2011 Venue MOCA 27A Loewen Road (Dempsey Hill) Singapore *****9 Contact info@mocaloewen.sg +65 *****622 Organizer tyeUteny Host MOCA MUSEUM CONTEmXAKY AJTTS ttA ■tfi't'U www.mocaloewen.sgwww.lindagallery.com THE KNOWLEDGEABLE
      69 words
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      301 15 www.thewoods.sg x v JIB /JMM 'i^ ■:'t Li Is'/h 3&J*, •< *'3hbS&SP w Kr ->-■ ?.V- > rjteL iiO#r-£&*?• the w oods westwood avenue I I i. if Limited Collection Unlimited Lifestyle Within one of only three landed residential estates in Jurong. 93 three-storey strata-titled cluster houses. Luxury. Privacy. Condominium-style
      301 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Growth lags in four Fed bank regions
      733 16 Survey adds weight to data pointing to faltering economy AP [WASHINGTON] For the first time this year, the economy has slowed in several US regions, burdened by high gas prices that have weakened consumer spending and crises in Japan that reduced manufacturing output.
      AP  -  733 words
    • Article
      Lock icon Japan Q1 contraction milder than estimated
      294 16 AP [TOKYO] Japan’s economic contraction in the first quarter that stemmed from the March earthquake and tsunami was slightly milder than first estimated, the government said yesterday. Real gross domestic product (GDP) shrank at an annualised rate of 3.5 per cent in the Janu-ary-March
      AP  -  294 words
    • Article
      Lock icon Japanese consumer confidence up in May
      191 16 AFP Reuters [TOKYO] Japanese consumer confidence improved in May, recovering from a record fall the previous month, separate Cabinet Office data showed. The Bank of Japan will consider expanding a loan scheme that targets growth industries by up to 1 trillion yen (S$15.4 billion)
      AFP; Reuters  -  191 words
    • Article
      Lock icon Vietnam needs to hike rates further, says IMF
      716 16 Move will help the country battle growing inflation Reuters [HA TINH] Vietnam’s economy faces “significant challenges” and authorities need to raise policy interest rates further to cope with an upward trend in inflation, the International Monetary Fund said yesterday. The government should
      Reuters  -  716 words
    • Article
      Lock icon Australian job growth slows
      273 16 Seasonally adjusted unemployment stays at 4.9% for third straight month in May AFP [SYDNEY] Australian employment growth is losing steam, data published yesterday showed, with a lower-than-expected boost in job creation sending the local dollar sliding. The Australian Bureau of Statistics (ABS) said that seasonally adjusted
      AFP  -  273 words
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      57 16 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. t a a COMMUNITY heartbeat ..v.-'.-;;-' S55fgM*»"" PRIME TIME stop*"" prapwTy jfal a=S5 r m :xx. es For more details,
      57 words
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      23 16 www.omy.sg SINGAPORE AWARDS if in BP 2 0 11 http://sgblogawards.omy.sg ®=m5kT7nmO=rn cji lutyuuia ictv'ouritGj blo'ggersl tvr'feirnSnhT Moieianua^irSl fatt r act i y.ej Prizes!]
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia plans amnesty for illegal workers next month
      432 17 Move will, among others, help meet labour shortages and boost security AP AFP [KUALA LUMPUR] Malaysia aims to launch a nationwide amnesty programme in July to legalise up to two million illegal immigrants in the country, a senior government official said yesterday.
      AP; AFP  -  432 words
    • Article, Illustration
      Lock icon Bank Indonesia holds rates as expected
      541 17 Reuters [JAKARTA] Indonesia’s central bank yesterday held its benchmark interest rate at 6.75 per cent for a fourth straight month as expected, and said it saw inflationary pressures declining because of lower food prices before picking up next year. Economists have scaled back expectations
      Reuters; AFP  -  541 words
    • Article
      Lock icon Cattle export ban doesn’t violate WTO rules: Gillard
      372 17 Industry warned in Jan about animal welfare concerns AFP [SYDNEY] Australia insisted yesterday that its suspension of live cattle exports to Indonesia after cruelty claims complied with world trade rules as calls grow for graziers to be compensated. Prime Minister Julia Gillard
      AFP  -  372 words
    • Article
      Lock icon Citi names new country head for Indonesia
      283 17 Reuters [SINGAPORE] Citigroup has appointed a new country head for Indonesia following a torrid three months when a relationship manager was arrested for allegedly embezzling clients’ money and a card client died after he was questioned by debt collectors. Tigor M Siahaan will
      Reuters  -  283 words
    • Article, Illustration
      Lock icon MSM headed for sweet debut on KL bourse
      574 17  -  GLC’s IPO follows two offerings with impressive gains By PAULINE NG in Kuala Lumpur SUGAR producer and refiner MSM Malaysia Holdings looks set for a sweet debut on the local bourse come month end if the initial public offerings of the two
      BLOOMBERG  -  574 words
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      59 17 "lruMi SALE NOW ON UP TO 40% OFF ON SELECTED ITEMS FOR A LIMITED PERIOD ONLY MANDARIN GALLERY +65 6732 9880 RAFFLES CITY SHOPPING CENTRE +65 6542 651 9 THE SHOPPES AT MARINA BAY SANDS +65 6222 1 611 LUXURY FASHION AT RESORTS WORLD™ SENTOSA +65 6723 8003 ISETAN SCOTTS
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon IMF calls for firmer yuan to rebalance economy
      586 18 Acting chief also urges freer use of Chinese currency in global trade Reuters [BEIJING] The International Monetary Fund yesterday urged China to allow the yuan to rise further to rebalance its vast economy, and called for freer use of the currency in
      Reuters; REUTERS  -  586 words
    • Article
      Lock icon 2 HK sites sold for total of HK$12b
      325 18 Reuters [HONG KONG] Hong Kong sold two residential sites for a combined HK$11.95 billion (S$1.9 billion) via auction yesterday, illustrating the optimism among developers on prospects for the already red-hot property market. Hong Kong sold an exclusive hillside residential site on Borrett
      Reuters  -  325 words
    • Article
      Lock icon China car sales suffer first drop in two years
      550 18 Reuters [BEIJING] Car sales in China dipped 0.1 per cent in May from a year earlier, marking the first decline in more than two years amid a steep slowdown in the world’s biggest car market. After two straight years of frantic
      Reuters  -  550 words
    • Article
      Lock icon Taiwan nod for AIG unit sale in principle
      300 18 Reuters [TAIPEI] Taiwan’s financial regulator gave conditional approval yesterday to AIG’s US$2.2 billion sale of its Nan Shan Life Insurance unit, bringing closer to an end an almost two-year-long sale saga. The US insurer, looking to pay back the government for a
      Reuters  -  300 words
    • Article, Illustration
      Lock icon India defers decision to raise fuel prices
      385 18 Reuters [NEW DELHI] India has again deferred a decision on raising prices of diesel, kerosene and cooking gas, needed to rein in the fiscal gap, government sources said on Wednesday, as it deals with one of the worst political crises in recent years.
      Reuters; REUTERS  -  385 words
    • Article
      Lock icon Shares of Chinese firms put on US watchlist
      333 18 Reuters [NEW YORK] Online broker TD Ameritrade said it is closely monitoring US-list-ed shares of Chinese companies amid growing concerns about alleged fraud and dodgy accounting practices. Its statement on Wednesday came a day after Interactive Brokers Group Inc said it was
      Reuters  -  333 words
  • Page 18 Advertisements
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      35 18 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY Has the overpowering lure of the MBA led to its "commoditisation"? MAXI DRESSES ARE HOT THIS SUMMER GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      Lock icon Page 18 Advertisements Column 2
      27 18 Over 91,216" downloads! 91.3FM Ml* Mud S>lw^Tl\is. ®L 913FM Get your f l"GG iPhone/iPad app now! *as of 6th May 2011 91.3FMI limmia TODflV S BEST MUSIC
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      266 19 Beers from as low as S$4.| IMAKE BEER .T Kir. Beerfest Asia tickets on sale now! Grab your Early Bird and OCBC Exclusive Passes now while stocks last. Beerfest Asia returns for the third year running. Appealing to both exhibitors and the many beer lovers in Singapore and around the
      266 words
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  • WORLD
    • Article
      Lock icon Study backs Aussie carbon tax plan
      350 20 AFP [SYDNEY] A governmentbacked study of pollution reduction policies among Australia’s major trade partners yesterday backed “price-based schemes” as most effective, boosting Canberra’s carbon tax plan. Australia’s ruling Labor government wants to introduce a pollution levy from mid-2012 and move to a full cap-and-trade
      AFP  -  350 words
    • Article
      Lock icon Nokia tech chief on leave after rift on strategy: report
      407 20 S&P cuts company’s credit rating after its profit warning Reuters [HELSINKI] Nokia said its technology chief was on indefinite leave after a media report of strategy disagreements, and a second credit agency cut its rating in another blow for the
      Reuters  -  407 words
    • Article, Illustration
      Lock icon Electronics, machinery help lift exports to record high
      444 20 Trade deficit down by 6.7% in April to US$43.7b, the lowest since Dec LATEST US DATA AP [WASHINGTON] American companies sold more computers, heavy machinery and telecommunications equipment in foreign markets in April, pushing exports to a record high. Imports declined, reflecting
      AP; BLOOMBERG  -  444 words
    • Article, Illustration
      Lock icon Germany agrees to help repair image of Spanish produce
      649 20 Spanish cucumbers were falsely blamed by German official as source of E coli outbreak AFP [BERLIN] Spanish farmers yesterday secured German help to help fix their tattered image after being falsely blamed for a killer bug, as the European Union and
      AFP; REUTERS  -  649 words
    • Article
      Lock icon Apple CEO pitches expansion to California City Council
      345 20 AP [CUPERTINO, California] Its ubiquitous products have already invaded the tech marketplace, and now Apple Inc is seeking a fitting new Northern California home: a massive spaceship-like structure that will house an estimated 12,000 employees. Apple CEO Steve Jobs made a surprise
      AP  -  345 words
    • Article
      Lock icon Japan finance minister may run for PM post
      711 21 But some doubts over his skills to manage a coalition Reuters [TOKYO] Japanese Finance Minister Yoshihiko Noda, an advocate of a higher sales tax to fix state finances, emerged yesterday as a possible frontrunner to replace Naoto Kan as premier after a
      Reuters  -  711 words
    • Article
      Lock icon Hitachi plans to double capital expenditure
      312 21 Reuters [TOKYO] Hitachi Ltd said yesterday that it plans to nearly double capital expenditure (capex) and other strategic spending this year as it seeks new revenue streams abroad and in rebuilding northeast Japan, but it remained cautious on its outlook this year. Hitachi, which
      Reuters  -  312 words
    • Article
      Lock icon Citibank is latest high-profile victim of cyber attacks
      506 21 Bank could come under fire for not coming clean sooner Reuters [NEW YORK] Citigroup Inc said computer hackers breached the bank’s network and accessed the data of about 200,000 bank card holders in North America, the latest of a string of cyber
      Reuters  -  506 words
    • Article, Illustration
      Lock icon Iceland to form new laws using citizens’ input online
      667 21 AP [REYKJAVIK, Iceland] How do you write a new constitution in the 21st century? You go where the people are online. That was the decision of tiny but tech-savvy Iceland, which is overhauling its constitution in the wake of an economic
      AP  -  667 words
    • Article, Illustration
      Lock icon Former BP boss aims to tap £1b in oil IPO
      472 21 Firm to target group in emerging market with oil assets Reuters [LONDON] Former BP boss Tony Hayward and financier Nathaniel Rothschild aim to raise around £1 billion (S$2 billion) with a June listing of an acquisition vehicle that will target
      Reuters  -  472 words
  • Page 20 Advertisements
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      80 20 Sale By Tender 1 Prime Freehold Site Pasir Panjang Hill Site Area: 5,116.1 Sqm Plot Ratio: 1.4 Hill Top Residential Enclave Possible Sea or/and Greenery Views PASIR PANJANG VIEW PASIR, SUBJECT SITE PROPOSED I PASIR PANJANG I MRT PASIR PANJANG HILL SHOPPING CENTRE J PASIR PANJANG RD Tender Closes on
      80 words
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      156 21 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF K PLAS ENGINEERING PTE LTD Registration No. *****0210H (In Members’Voluntary Liquidation) Notice is hereby given that the creditors of K Plas Engineering Pte Ltd which is being voluntarily would up, are required on or before 30
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  • EDITORIAL & OPINION
    • Article
      Lock icon Opec impasse adds to recovery’s fragility
      480 22 EDITORIAL THE collapse on Wednesday of talks involving the Organisation of Petroleum Exporting Countries (Opec) is ominous and will add another hindrance to global economic recovery. Opec members’ failure to agree to raise output will mean higher oil prices, given the continued rise in
      480 words
    • Article, Illustration
      Lock icon This is a struggle for power, not Arab Spring
      847 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent SKIM through old editorials that were published in the Soviet Communist Party’s Pravda newspaper during the Cold War and you’ll have a lot of fun, laughing out loud when reading about all those loopy
      847 words
    • Article, Illustration
      Lock icon A radical Greek debt plan that wouldn’t fly
      1090 22  -  ECB was never going to accept Papandreou’s ‘restructuring without a haircut’ proposal By LANDON THOMAS in London NYT IN MARCH, just as it was becoming clear that Greece might have to ask Europe for more money to prop up its failing economy,
      NYT; AFP  -  1,090 words
    • Article, Illustration
      Lock icon Asia confronts its inflation challenge
      1327 23  -  Recent actions by Asian central banks suggest that the region is moving in the right direction By GERARD LYONS The writer is chief economist and group head of global research at Standard Chartered Bank ASIA is finally waking up to its inflation challenge. Recent weeks
      AFP  -  1,327 words
    • Article, Illustration
      Lock icon Ryan’s radicalism vs Obama’s tinkering
      851 23  -  ROBERT SAMUELSON The Washington Post Writers Group ALMOST everyone agrees that America’s healthcare system has the incentives all wrong. Under the fee-for-service system, doctors and hospitals get paid for doing more, even if added tests, operations and procedures have little chance of improving patients’ health.
      The Washington Post Writers Group; BLOOMBERG  -  851 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon US outfit ASIG cleared for ground handling at Changi
      562 24  -  It’s awarded 10-year licence to take on SATS, CIAS; after Swissport’s ’09 exit By VEN SREENIVASAN [SINGAPORE] Where the Europeans failed, hopefully the Americans will succeed. Changi Airport Group has granted the third ground handling licence to US-based Aircraft Service International
      562 words
    • Article, Illustration
      Lock icon Baltic freight futures screen carries out first trades
      498 24 SGX and CME Group expected to be added as clearing houses soon Reuters [LONDON] A new Baltic Exchange platform for centralised electronic trading of dry freight derivatives carried out its first trades and signed up users including Car gill and Morgan Stanley,
      Reuters; BLOOMBERG  -  498 words
    • Article
      Lock icon EU not adding aviation to emissions trading system
      183 24 Bloomberg Reuters [BRUSSELS] The European Union is not considering a change of the regulation to include aviation in its emissions trading system starting next year even as it is opposed by some airlines, European Commission President Jose Barroso said. The EU decided
      Bloomberg; Reuters  -  183 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3358 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031
      3,358 words
    • Article
      Lock icon Panamax rates to rise next week on tighter ship supply
      414 24 This week, rates are US$13,798 a day, from US$13,119 Reuters [SINGAPORE] Rates for panamax dry bulk carriers on key Asian freight routes are expected to rise slightly next week due to tightening tonnage on the transpacific route, shipbrokers said yesterday.
      Reuters  -  414 words
  • Page 24 Advertisements
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      118 24 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE PALEMBANG TO SINGAPORE AND VICE VERSA EMERGENCY RECOVERY CHARGE The following feeder operators in the Singapore/Palembang trade sector wish to inform the trade that they will implement the following Emergency Recovery Charge (ERC) to recover the increased costs which they have been
      118 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8330 25 Transaction date: Jun 9 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 15 8Telecom 16 15.5 16 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 8 +0.5 476 8 7.5 7.5 8
      8,330 words
    • Article
      Lock icon SGX CATALIST
      1550 26 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 5.5 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 161 141 160 95.5 1.5 0.5 t Advanced System 0.5
      1,550 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9844 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.34/ APS Alpha Fund (USD)!** 1.09/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.74/ Aberdeen Asset Mgt Asia Limited American Opp 0.6356/ Asian Credit Fund
      9,844 words
    • Article
      Lock icon GLOBALQUOTE
      248 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A47.5 47 49 3.6 7.4 3.8 123.7 55 16 Genting HK US$ US39 +0.5 2171 39 38.5 38.5 39 2568 21 10.5 Over&Gen A15
      248 words
    • Article
      Lock icon SGX ETF
      878 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 unch 50 118 118 113 118 538.6 1077 817 CIMBAsean40 100US$ US1038 -3 0 1038 1038 1035 1041 41.5
      878 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 8 Index Change Change Change Change Change Change World Index Preliminary 890.6 -0.5 -0.8 -0.3 -2.2 -0.6 1.8 EAFE Preliminary 770.4 -0.8 -3.8 -0.8 -2.3 -1.1 1.7 Europe Preliminary 1148.7 -1.1
      374 words
    • Article
      Lock icon INTERBANK RATES
      181 27 Jun 9 $S Offer Bid 0vernight 0.01 0 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12
      181 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 9 S$ Bid Offer 1-month 1.2302 1.2312 2-months 1.2301 1.2311 3-months 1.2301 1.2311 6-months 1.2298 1.2308 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 Jun 09 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.353 1.277 Can dollar 1.279 1.23 Euro 1.83 1.76 Sterling pound 2.055 1.976 NZ dollar 1.041 0.992 US dollar 1.248 1.2 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Jun 9 Open High Sett STI Jun 3098 SIMSCI Jun 360.5 361.9 359.6 Taiwan Jun 320.3 320.9 319.7 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon PALM OIL
      65 27 Jun 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3348 3295 3348 3250 37 1315 Jul 11 3358 3307 3386 3241 1566 9636 Aug 11 3340 3287 3355 3213 ***** ***** Sep 11 3332 3280
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      466 27 Jun 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7500 0 1933 Sep11 99.6750 0 5655 Dec11 99.6050 0 3293 Mar12 99.5350 0 1127 EUROYEN TIBOR FUTURES Jun11 99.6700 99.6700 99.6700 99.6700 10 5797 Sep11 99.6700 99.6700 99.6700 99.6650 10 1477 Dec11 99.6675 0 1957
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    • Article
      Lock icon SICOM FUTURES
      141 27 Jun 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 508.0 508.0 508.0 11 58 Sep 11 505.0 505.0 505.0 5 335 Oct 11 206 Nov 11 161 Dec 11 499.9 498.0 499.9 4
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 27 Jun 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 08.09.2011 0.33 0.27 0.27 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.16 5-Year N*****0W 1.125 01.04.2016 100.31 100.43 100.39
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    • Article
      Lock icon CHICAGO BOT
      107 27 Jun 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1401.00 1394.00 1417.00 1385.00 Aug 11 1394.00 1388.00 1409.50 1379.75 Sep 11 1391.75 1387.00 1404.50 1377.25 Nov 11 1392.50 1385.25 1405.25 1376.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 57.94
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Jun 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.62 2.32 WTI (Near Mth) 100.80 1.50 Dubai (1-Mth F) 109.45 1.13 Tapis blend 122.57 1.34 Minas 118.67 0.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.86 -0.42 Jet Kerosene 129.16 1.80 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2588 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 22 3.00 8 AlliedTech W*****2 2 unch 24 1 4 29 Asia Water Tech Ltd W*****8
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 27 Jun 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.860 0.724 8.241 47.354 90.253 0.848 11.471 3.198 1.288 90.746 45.844 1.304 7.107 0.887 30.477 32.238 0.644 1.059 Canada 0.965 6.621
      462 words
    • Article
      Lock icon SIBOR
      85 27 Jun 9 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3029 1.3043 1.0591 1.0594 Canadian dollar 1.2574 1.2589 1.0221 1.0225 Euro 1.7993 1.8009 1.4626 1.4627 NZ dollar 1.0116 1.0132 0.8223 0.8229 Sterling pound 2.0233 2.0254 1.6447 1.6451
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 27 Jun 9 GOLD (US$/oz) Jun 09 Jun 08 Hong Kong 1538.00 1541.00 Jun 07 Jun 08 London 1538.77 1536.14 1539.55 1537.00 Source: Thomson Reuters CAST BAR Jun 09 (S$) Selling Buying Kilobar 65,242.18 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 61 5gm 415 304 10gm 741
      138 words
    • Article
      Lock icon LONDON METALS
      71 27 Jun 8 Jun 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2644.25 2665.00 3 months 2668.00 2687.00 Copper, Grade A (US$/tonne) Cash 9015.00 9126.75 3 months 9031.00 9148.00 Lead (US$/tonne) Cash 2574.50 2547.00 3 months 2577.00 2548.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 27 Jun 8 COCOA (£/tonne) Close Prev High/Low Jul 11 1807 1781 1810/1782 Sep 11 1824 1802 1827/1800 Dec 11 1852 1831 1855/1835 Mar 12 1873 1853 1876/1855 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2444 2433 2447/2403 Sep 11 2491 2479 2494/2455 Nov 11 2518 2507 2520/2483 Jan 12
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5545 28 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
    5,545 words
  • Page 28 Advertisements
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      76 29 A member of the A&G group Complete Air Sea Freight Services. Call: 6542 6020 Email: admin@agshipping.sg 20 Changi South St 1 (S)*****8. www.airngas.com Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      76 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Galleries think BIG
      2302 30  -  Two art galleries opening within weeks of each other, by dealers formerly based in Europe and New York City respectively, signals that Singapore galleries are gearing up for the big league, reports CHEAH UI-HOON reports CHEAH UI-HOON WITH four floors of gallery space for art or 12,000
      PHOTOS OF ART PLURAL GALLERY: YEN MENG JIIN  -  2,302 words
    • CINEMA
      • Article, Illustration
        Lock icon China and 3D hot topics at film event
        742 31  -  Studio heads, producers and film-makers give the big picture of the film industry at the debut of ScreenSingapore, reports DYLAN TAN reports DYLAN TAN CHINA and 3D those two words cropped up in just about every panel and forum discussion at the
        742 words
      • Article, Illustration
        Lock icon Love in all its foibles
        613 31  -  By NATALIE KOH IF YOU had groaned at the sight of the trailer for Something Borrowed, and thought, “Great. Another cliched summer rom-com”, well, you’re right, in a way. It is your typical rom-com that seems to aim at reducing girls to dreamy “aw’s” and
        WARNER BROS  -  613 words
      • Article, Illustration
        Lock icon Monster film with heart
        492 31 IF J J Abrams is applying to be this generation’s Steven Spielberg, he’s almost certainly secured the job with Super 8. But in mimicking Spielberg (who serves as executive producer here) so expertly, Abrams’ new film also treads a fine line between a homage and a
        492 words
    • MUSIC/ENTERTAINMENT
      • Article, Illustration
        Lock icon Move to Cuban groove
        1055 32  -  Relive riotous 1950s Cuban high jinks at The Bar At Buena Vista, writes CHEAH UI-HOON writes CHEAH UI-HOON CUBA in the 1950s was an epoch so sensuous that it can only exist in our memory, declares the narrator for the show, The Bar At Buena Vista.
        1,055 words
      • Article, Illustration
        Lock icon Mining a raw nerve
        776 32  -  By NATALIE KOH FROM a mixed parentage of a Japanese mother and Indian father, comedian Dan Nainan makes a living out of cracking jokes about his own heritage. But while it might provide material for this funnyman now, his racial background caused him a great deal
        776 words
      • Article, Illustration
        Lock icon It’s still rock by any other name
        620 32  -  CD REVIEWS By CHRISTOPHER LIM FEW genre labels are as useless as rock’s profusion of unlikely sub-genres. As stylistic cross-pollination becomes increasingly common and rock music flaunts sprinklings of pop, electronica and death metal, it becomes increasingly meaningless to restrict bands to a
        620 words
      • Article, Illustration
        Lock icon Brendan spreads his wings
        508 32  -  By TAN TECK HENG FROM his shy and bespectacled demeanour, you would not have expected 12-year-old Brendan Goh to be “the first and youngest local cellist” to be introduced to Singapore. But this Primary 6 student from Nanyang Primary School (NYPS) will perform his debut full-length
        508 words
    • ARTS FEST ROUND-UP
      • AROUNDTOWN
        • Article
          Lock icon Triple-bill masterpiece
          94 33 FEATURING a new work, The Winds of Zephyrus by Taiwanese-American choreographer Edwaard Liang, the Singapore Dance Theatre returns with Masterpiece in Motion this year with a triple-bill created by three very different choreographers. Accompanying Liang’s piece, which shows off beautiful choreography for 10 couples, is Nils Christe’s forceful
          94 words
        • Article
          Lock icon Tribute to the Surrealism of Dali
          165 33 SPANISH artist Salvador Dali is one of the most prominent and respected Surrealist artists in the world. It’s no wonder then that his works have inspired 15 artists from Indonesia to create a group exhibition, titled The Dali Tribute Project, at the Art Xchange
          165 words
        • Article, Illustration
          Lock icon Opera for all
          86 33 OPERA in the Park (right) returns for its fourth showing at the Botanic Gardens with Joshua Kangming Tan helming the Singapore Lyric Opera tomorrow evening. As per its aim, the show offers a more accessible way of viewing opera, as admission is free, and the programme includes
          86 words
      • Article
        Lock icon A curator’s festival
        1137 33  -  The people’s festival which this year’s Singapore Arts Festival purported to be fell short on too many counts, writes CHEAH UI-HOON Additional reporting from NATALIE KOH and CHRISTOPHER LIM, and TAN TECK HENG NATALIE KOH and TAN TECK HENG THEY read the listings, goggled at the programme
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    • ARTS
      • Article, Illustration
        Lock icon Record $21.8m for Wu Guanzhong work
        542 34  -  By JAIME EE THE late Wu Guanzhong (below) became the first Chinese contemporary artist to breach the 100 million yuan mark when his painting, Lion Woods, sold for a world record-breaking 115 million yuan (S$21.8 million) at a special auction of his works in
        FILE PHOTO  -  542 words
      • Article, Illustration
        Lock icon Zoom in on art in motion
        718 34  -  A retrospective of video art takes centre stage at the Singapore Art Museum, reeling in the contemporary art of Western and South-east Asian artists, reports NATALIE KOH reports NATALIE KOH AT THE mention of contemporary art, it is only common for people to form
        PHOTOS: SINGAPORE ART MUSEUM COLLECTION  -  718 words
      • Article, Illustration
        Lock icon Free from grip of realism
        702 34  -  By MADHVI SUBRAHMANIAN “IT IS ironic that the art from indigenous cultures of South-east Asia is generally not viewed as art but as ethnographic relics by the people of this region,” observes collector Mark Gordon. He hopes to change this perception, though, with an exhibition
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        555 35  -  Craft beer is the focus of Beerfest Asia 2011, with a new conference, awards and 100 new beers in the offing, reports CHRISTOPHER LIM reports CHRISTOPHER LIM MICROBREWER-IES aren’t new here and neither are the craft beers they produce, but with the tenth microbrewery recently opened in
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      172 31 YES, FUN ALSO AWAITS THE GROWN-UPS STAY LONGER COMPLIM E NTARY 4th night Our island playground may be over 550 million years old. Yet it beckons to the young and young-at-heart. Budding adventurers can explore Langkawi's ancient, pristine nature reserves. Those who prefer to stay indoors can dip into our
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      86 33 LES AMIS DU CREDIT SUISSE Credit Suisse: Innovation In Art Series D r a n a HIST 1965-2010 A Selection from the Centre Pompidou and Singapore Art Museum Collections Credit Suisse Innovation In Art Series §nn *l v n s.: singaporeartmuse CREDIT SUISSE i t AS LONG-TERM SPONSOR OF THE
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      45 34 ZENITH AFFAIR rWO,E oVfS For erw/ C/Z/Z/Z/^ so// 9th 11 th June 2011 (Thursday Saturday) 11am 7pm Hilton Hotel shopping Gallery, Level 9 bri 9 ,h *>' •**«.>„., d a. 6?33 9(4, L «< •59c M aff es Hote Arcad 328 North Bridge Road com.sg igapore *****9 #02-36
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      281 34 CRYPTIC CROSSWORD Across 7 Lack of consumer interest (8) 8 Kind fellow put in appearance (6) 9 Domestic manager does not have a way to cook (4) 10 Stranded lbw (3,2,1,4) 11 Dog and bone specialist? (6) 13 No option (7) 14 Fancy headgear Eric exchanged (7) 16 Supple Penny
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      152 35 mmm v^,. cmiratcs.com/sg A 4 r 1 M> '<V. wA*> .-■<'■**-• -i. Br i. ■;a. JKt .*<*' Bicnvenue. And 26 other warm European greetings. Fly Emirates to 27 European cities including Geneva and Copenhagen. Fly Emirates. Keep discovering. From the shores of Lake Geneva to the cobbled streets of Copenhagen
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      147 36 WHY THETRIZON IS EXTRAORDINARY. 1. FREEHOLD 2. D10 PRIME LOCATION 3. AFFORDABLE 4. SPACIOUS UNITS 5. MINUTES TO ORCHARD 6. SUPERB VIEWS L CLOSE TO PUBLIC TRANSPORTATION 8. CLOSE TO PRESTIGIOUS SCHOOLS 9. NEAR AMENITIES 10. LUSH GREENERY ..V B.J( i iiii'f? m •35. Lt'Ar c. :VS 3E m m
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