The Business Times, 16 April 2008

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Total Pages: 35
1 35 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Wednesday, April 16,2008
    22 words
  • Article
    Lock icon Zhonghui chairman sues OCBC Sec for alleged breach of duty
    835 1  -  MICHELLE QUAH Broking firm intends to defend itself against allegations By [SINGAPORE] Zhonghui Holdings chairman and president Gao Bin is suing OCBC Securities Pte Ltd for their alleged breach of duty and good faith over an account he held with
    835 words
  • Article
    Lock icon Private home sales tumble, prices weaken
    751 1  -  KALPANA RASHIWALA Buyers may have slight edge in power stakes but analysts expect caution to reign for a while By I [SINGAPORE] Official numbers yesterday confirmed what many had already suspected as developers sold only 795 private homes in the first quarter of this
    751 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      41 1 Tuesday Change KLCOMP I^2o +1077 mmm 12.990.5s +73.0? HANG SENG 23,901.33 +90.13 SET INDEX Closed JAKARTA COMP 2,294.26 +21.78 MANILA COMP 2,904.73 -13.54 SEOULCOMP 1Z42J7 SHENZHEN B 538,66 +5J7_ MUMBAI IND 16,153.66 +346.02 12NOONEDT Change DOW 12.278.77 NASDAQ 2,270.18 -5.64
      41 words
    • Article
      Lock icon PRIME RATES
      27 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.201 TAIWAN 6.316 JAPAN 1875 KOREA 9.33 BRITAIN 5.00 CANADA 5.25 SWITZERLAND 3.76 ND!A 1225 Source:
      Bloomberg  -  27 words
    • Article
      Lock icon FOREX
      43 1 US$ S$ US$ (S$ per US$) 1.355 (uss/s$ per 1971 2672 EURO (US$/Ss/E) 1.586 2.150 YEN loogo 74 50 pjyj JJgg fjjj pjj^j fj^ j^jq BAHT 31.54 23.27 RTjpj^ gT97 6785 RENMINBI 7'oOO 5*164 NDA N RUPEE 39.95 29.48 TO7B 0795 0935
      43 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      59 1 EXEC MONEY US ECONOMY s BIGGEST AIRLINE GAS DEAL Wt^ Further drop in Asia March wholesale K|l Delta, Northwest Sembcorp inks investor sentiment prices soar in mega merger USss.sb Natuna pact PAGE 36 PAGE 3 E5 I PAGE 24 PAGE 3 yti&&~? W- z~- y j mW *^TI T^'fli tf
      59 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon US March wholesale inflation nearly 3 times expected rate
        79 2 INFLATION at the wholesale level in the US soared in March at nearly triple the rate that had been expected as the costs of energy and food both climbed rapidly. The Labor Department reported yesterday that wholesale prices rose by 1.1
        79 words
      • Article
        Lock icon Sembcorp still in the race for remaining Temasek gencos
        72 2 SEMBCORP Industries which failed in its bid for the just-sold Tuas Power is staying the course to try for the two remaining generating companies being divested by Temasek Holdings, its president and chief executive Tang Kin Fei said. This is the
        72 words
      • Article
        Lock icon Break up the 'do all' banks: Lafferty chief
        84 2 THE founder of London-based research firm Lafferty Group has blamed the pervasive influence of "investment banking and insurance cultures" in the banking industry for destabilising global financial markets. In a wide-ranging speech to bankers here, Michael Lafferty hit out at the structure
        84 words
      • Article
        Lock icon Pacific Healthcare in India medical spa deal
        62 2 PACIFIC Healthcare Holdings has tied up with India's Yash Birla Group to form a joint venture that will invest $10 million in India's healthcare sector over the next three years. The JV plans to set up four medical spa centres and a wellness
        62 words
      • Article
        Lock icon Major gains for S'ore in Japan-Asean pact
        74 2 THE new economic trade pact that Japan has just signed with Asean will reduce tariffs to zero for the vast majority of items that Singapore trades with that country. Called the Asean-Japan Comprehensive Economic Agreement, the deal will cover 96 per cent of
        74 words
      • Article
        Lock icon KL property, construction stocks hit by election fallout
        75 2 MALAYSIA'S March 8 general election was toughest on the construction and property sectors, with both indices falling by over 20 per cent in the first quarter on fears that gains by the opposition coalition would lead to tighter vetting of projects. In
        75 words
      • Article
        Lock icon China wealth fund pays £1b for stake in BP
        69 2 CHINA has bought a stake in BP pic, its second investment in a European oil company, as the nation seeks to secure resources and boost returns on the world's largest foreign exchange reserves. The Chinese sovereign fund bought just less than
        69 words
      • Article
        Lock icon Sports models race to top spot in sales growth
        84 2 RISING petrol prices and economic uncertainty do not seem to be eating into Singaporeans' appetite for sports cars, with sales growing fastest in the $300,000 price bracket. Last year's strong growth in sales of sporty cars is expected to continue this
        84 words
    • Article, Illustration
      Lock icon Kim Eng's Ronald Ooi cuts losses on condo deal
      361 2 He is said to have led group which backed the purchase of Tulip Garden [SINGAPORE] Kirn Eng Holdings managing director Ronald Ooi, in his personal capacity, is believed to have led a group that backed Bravo Building Construction on its failed
      FILE PHOTO  -  361 words
    • Article
      Lock icon Biomed rising – but at slower pace
      569 2  - Biomed rising but at slower pace CHEN HUIFEN Fixed asset investments grew 3.4% last year Reports by [SINGAPORE] Amid challenging conditions faced by the world's pharmaceutical firms, Singapore's biomedical sciences (BMS) industry edged closer to its long-term output and employment target albeit at a significantly slower pace than before. Fixed
      569 words
    • Article
      Lock icon Output of $25b this year not a sure bet: EDB
      251 2 Greater uncertainty in value as firms change profile of products [SINGAPORE] Hitting a manufacturing output of $25 billion this year is not going to be a sure bet for the bio medical sciences industry, even though it had already touched
      251 words
    • Article
      Lock icon Sembcorp inks major Natuna gas deal
      596 3  -  RONNIE LIM USss.sb agreement to meet needs of petrochemical plants on Jurong Island By I [SINGAPORE] Singapore has just struck a third deal to buy natural gas from Indonesia this time worth US$5.5 billion. Sembcorp Gas, a unit of Sembcorp Industries, yesterday inked a
      596 words
    • Article
      Lock icon Temasek likely to shed more assets, conserve cash
      529 3 Reuters It may choose to consolidate holdings in Chinese banks [SINGAPORE] Temasek, sitting on paper losses of US$l.2 billion on its investments in Merrill Lynch and Barclays, is expected to shed more assets and conserve cash to offset its exposure to the
      – Reuters  -  529 words
    • Article, Illustration
      Lock icon US March wholesale inflation nearly 3 times expected rate
      488 3 Reuters, Bloomberg Food, energy costs stoke increase of 1.1%, nearly tripling estimates of 0.4% [WASHINGTON] Inflation at the wholesale level in the United States soared in March at nearly triple the rate that had been expected as the costs of energy
      – Reuters, Bloomberg; FILE PHOTO  -  488 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      433 2 Goods and Services Tax (GST) Seminar Essentials of GST Date This one-day seminar covers the essential principles of GST. It is tailored Friday, 9 May 2008 f°r individuals who are newly entrusted with GST compliance or need a refresher on GST. Time 9 00 5 lOn S semmar f°cuses on
      433 words
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      Lock icon Page 2 Advertisements Column 2
      240 2 <!7£<4*\ DISCOVER SECRETS HOW ORDINARY PEOPLE WBBM WITH NO EXPERIENCE EARN $10,000 MONTHLY EVtf v Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! No need to quit your job. MONEY BACK GUARANTEE* to make sure you succeed. ■■■m miiium Am amimap I OA "Although we
      240 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon S$ crosses in focus after MAS action
      913 4  -  LARRY WEE CURRENCIES A$ and yen still safe, but NZ$ and ringgit look more vulnerable WALL Street and the US dollar have continued to look edgy after yet another month of horrible US job losses in March, sharing the financial headlines of the
      913 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 4 3 0 0 0 9 4 3 lanufacturing 74 52 59 12 79 60 71 Commerce 26 18 24 29 20 28 'pt/Stor/Comms 23 23 :inance 16 16 Construction 12 'roperties 20 14 20
      93 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 40.897 40.897 100.703 100.703 lanufacturing 232.647 34.682 267.329 233.951 2.613 236.564 Commerce 24.035 3.003 27.038 45.496 358 45.854 'pt/Stor/Comms 88.853 423 89.276 221.668 104 221.772 :inance 36.241 36.241 332.340 332.340 Construction 42.985 6.003 48.988 11.294 383 11.676 ■roperties 35.090
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 4 CapitaLand 6.240 -0.020 Olam 2.500 4-0.150 CapitaMall 3.500 S IA 15.400 4-0.160 CityDev 11.400 4-0.100 SGX 8.030 4-0.100 Cosco Corp 2.980 4-0.070 SIA Engg 4.040 -0.040 IBS Grp 19.020 -0.160 SPH 4.510 4-0.080 :&N 4.720 4-0.030 ST Engg 3.390 4-0.020 Sent Intl 0.585 -0.005 SembCorp Ind
      105 words
    • Article
      Lock icon BROKERS' TAKE
      778 4  -  CONRAD TAN Singapore Exchange April 15 close: 558.03 Goldman Sachs, April 15 SINGAPORE Exchange (SGX) has reported Q3 FY2OOB net profit after tax of *****.5 million, up 14 per cent y-o-y (but down 17 per cent q-o-q excluding exceptional gains) and broadly in line with Goldman Sachs/consensus estimates,
      778 words
    • Article, Illustration
      Lock icon A sluggish but slightly firm session
      554 4  -  R SIVANITHY STOCKS IT HAS been a long time since dealers had the luxury of catching a quick nap at their terminals, but yesterday's session presented them with plenty of opportunity to do just that. To put it mildly, it was a tedious and
      554 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      53 4 CLOSE -28.00 -21.00 BT OB/OS BT CADI -*****.00+85.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 774.47 +9.12 FTSE ST Small Cap 647.52 +6.01 FTSE ST All Share 779.76 +5.03 FTSE ST China 449.53 +2.71 UOB Catalist 146.75 +1.05 SIMSCI 380.76 +2.00 SIMSCI Futures 377.40 +2.60
      53 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 4 VOLUME Golden Aqri 38,571,000 Cosco Corp 33,931,000 UniFiber 28,828,000 ChinaEnerqy 27,537,000 Firstßes 24,379,000 GuocoLeisure 23,133,000 CoscoCorpMßl_eCWoBo9ol 22,371,000 Synear 20,979,000 CoscoCorpMEßeCWoBo9lB 17,007,000 SingTel MEReCWOBII2B 15,520,000 VALUE(S) OCBC Bk 104,349,990 Cosco Corp 100,312,040 DBS Grp 98,399,880 UOB 59,912,360 SGX 57,063,340 Keppel Corp 56,324,797 SingTel 45,992,678 SembMar 45,735,580 Golden Agri
      54 words
    • Article
      Lock icon RISES
      108 4 CLOSE UP 9208 151.8 1.2 GLD 10US$ India Ni 10 1675 61.0 3.: ISMSCI India 100 747 43.4 4.5 Venture Co 1060 30.0 2.9 Kej Cor| 1040 26.0 2.' Unisteel 164 24.0 17.1 Jardine C&C 1706 22.0 1.3 DBS Bk6% NCPS 10 ***** 20.0 0.2 Haw Par Con 715
      108 words
    • Article
      Lock icon FALLS
      117 4 CLOSE DOWN 1602 -65.0 -2.9 JSH DBS MBLJCW*****0 576 -39.0 -6.3 OCBC Bk4.5%NCPS 100 ***** -30.0 -0.3 SGX MBL JCW*****3 320 -20.0 -5.9 Korea 10US$ 484 -17.6 -2.i OCBC BkMBLiCW*****0 275 -17.0 -5.8 DBS Gri 1902 -16.0 -O.i OCBC Bk 837 -12.0 -1.4 I seta n 390 -10.0 -2.5
      117 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 4 Apr 15 CLOSE CHNG FR AprH YR 2008/07 S$ LOW S$ HIGH USS 1.3560 0.28 1.5479 1.3546 Euro 2.1482 -0.07 2.2064 1.9913 Pounds 2.6690 0.55 3.1194 2.6654® AS 1.2555 -0.09 1.3555 1.1741 Yen* 1.3438 0.18 1.4484 1.2285 Rupiah* 0.***** 0.33 0.*****0.*****® Baht* 4.2939 0.31 4.5700 4.1730
      84 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sembcorp plans cogen plant on Jurong Island
      571 5 IN what promises to be its first major new project on Jurong Island in a while, Sembcorp Industries is planning to build a second cogeneration plant to supply mainly steam to new petrochemical plants in the Tembusu sector. Significantly, apart from some gas-firing,
      FILE PHOTO  -  571 words
    • Article
      Lock icon MBK won't raise offer for AsiaPharm
      170 5 Bloomberg MBK Partners LP, a Cayman Islands-based private equity company, said it will not raise its offer for Singa-pore-listed AsiaPharm Group Ltd after obtaining a 77 per cent stake, dispelling speculation of a higher price. The offer of 72.5 cents a share by LuYe
      Bloomberg  -  170 words
    • Article
      Lock icon Sembcorp still in the race for remaining Temasek gencos
      431 5  -  RONNIE LIM Senoko Power and Power Seraya up for grabs following sale of Tuas Power last month Reports by SEMBCORP Industries which failed in its bid for the just-sold Tuas Power is staying the course to try for the two remaining
      431 words
    • Article
      Lock icon Hyflux clinches four deals in China
      303 6  -  By CHEW XIANG MAINBOARD-LISTED Hyflux said yesterday it has bagged four water treatment contracts in China worth 377 million yuan (5573.2 million) in all. Three of the deals are for potable water plants in Anhui, Liaoning and Shandong provinces. The fourth is for a
      303 words
    • Article, Illustration
      Lock icon Break up the 'do all' banks: Lafferty chief
      598 6  -  CONRAD TAN Mixing investment banking with retail business damages banks, he says Reports by A TOXIC combination of investment banking and proprietary trading is a fundamental cause of the crisis in global financial markets today, according to the founder of London-based research
      598 words
    • Article
      Lock icon State-owned funds can rein in Western banks
      288 6 SOVEREIGN wealth funds such as Singapore's Temasek Holdings can play a crucial role in restraining the runaway risk-taking tendencies of Western banking giants, the founder of Lafferty Group said yesterday. "They can be part of the new discipline and control, which is increasingly
      288 words
    • Article
      Lock icon SGX: What investors really want to see
      671 6  -  YEN SREENIVASAN IT'S tough being at the mercy of market sentiment. And it is even tougher if you have to face the vagaries of the financial markets as a listed and commercially orientated market regulator. Such is the dilemma faced by listed Singapore
      671 words
    • Article
      Lock icon DBS names new consumer banking head
      204 6  -  CONRAD TAN By DBS Group has appointed a new head of consumer banking to replace Edmund Koh, who quit early last month to join private equity firm Carlyle Group. Rajan Raju, the bank's managing director for South and South-east Asia, will take over as
      204 words
    • Article
      Lock icon Pacific Healthcare in India medspa deal
      417 9  -  CHEN HUIFEN Joint venture with Yash Birla Group will invest $10m over next 3 years By PACIFIC Healthcare Holdings has tied up with India's Yash Birla Group to form a joint venture that will invest $10 million in India's healthcare sector over the next
      417 words
    • Article
      Lock icon Ezra-linked EOC completes Galoc job
      294 9  -  SARA LIM The project is expected to contribute positively to EOC's FY2OOB earnings By OFFSHORE specialist EOC, which is 48.9 per cent-owned by Ezra Holdings, said yesterday that its wholly owned subsidiary Emas Offshore Construction and Production (EOCP) has completed a contract in the Galoc
      294 words
    • Article, Illustration
      Lock icon Friven making foray into lifestyle 'mall' business
      478 9  -  CHEAH UI-HOON By BEDLINEN and bedding manufacturer and distributor Friven Co Ltd is making its foray into a lifestyle "mall" business, with its global flagship store at Tanglin due to open in June. Taking over some 18,000 square feet of the Singapore Post
      478 words
    • COMPANY BRIEFS
      • Article
        Lock icon Wilmar gets USs4oom loan for expansion
        48 9 Bloomberg WILMAR International, the biggest vegetable oil supplier to China, said it received a US$4OO million loan from four banks to fund its expansion. It got the threeyear unsecured loan from Bank of America, ING Groep, Oversea-Chinese Banking Corp and Rabobank Nederland.
        Bloomberg  -  48 words
      • Article
        Lock icon SIA filled 69.9% of space in March
        38 9 Reuters SINGAPORE Airlines said yesterday it filled 69.9 per cent of the space available on its planes for passengers and cargo in March, down from 70.4 per cent a year earlier.
        Reuters  -  38 words
      • Article
        Lock icon SingTel eyes markets in Middle-East
        65 9 Bloomberg SINGAPORE Telecommunications may enter markets in the Middle-East, where mobile-phone penetration is relatively low. "We like emerging markets with large populations and low penetration," chief executive officer Chua Sock Koong said in a speech in Dubai yesterday. Sing Tel is looking at strategic investments
        Bloomberg  -  65 words
      • Article
        Lock icon Waiver for Teambuild shareholders
        50 9 THE Securities Industry Council has exempted shareholders of Teambuild Corporation, the subject of a reverse takeover by Ist Software, from making a general offer for the company. This is subject to shareholders of Ist Software approving a whitewash resolution waiving their rights to a general offer.
        50 words
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      15 5 f 1 WORLDWIDE HOTEL RESERVATION www.luxury.com.sg Complete with rates and location map tmsk L A
      15 words
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      Lock icon Page 5 Advertisements Column 2
      131 5 ORCHARD iSCOTTS RESIDENCES SINGAPORE '////It/Mi i JwJ i^- if I H w A great way to live, *to^ right down to the littlest detail. "B nisi V*^Htote»^ _^^^ri Welcome to a life of ease and comfort at v^ Orchard Scotts Residences, where you have 10 the assurance that everything will
      131 words
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      138 6 f 21 -25 April 2008 12.00 pm-2.30 pm tf Delight your secretary with a indulge Lunch Buffet *Zt w°T° from usand I "i!k& c $30 per person our cl^ "h P^'" For reservations, call us at 6432 5567. comb.ned Grand Draw*! Ist Prize ■W Secretary s Day Set Menu j
      138 words
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      97 6 New Revolutionary Office Chairs With Automatic Synchro Lumbar Support Features I The Futuristic Office Mesh Chair Aluminium back support frame Wire control synchro mechanism Adjustable armrest Separate lumbar support Adjustable seat depth Separate headrest camber The Futuristic Office Mesh Chair r— ,s-j EJ-LAM _J EJ-LAM »1 uJJj7 a new concept
      97 words
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      504 7 Sri ■hilt 'wA H|Wk Slw^^1 J^ p jfwaHP*? 'fSSSBL Talk your way to more business deals with an M 1 Talk All U Can Plan*. X* For just $201.16, you can enjoy Unlimited Voice and Video Calls and M 500 Free SMS/MMS. Talk about executive perks, you'll be enjoying Sunrisers
      504 words
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      1305 8 Mil UNITGD OVERSEAS BANK LIMITED AND ITS SUBSIDIARIES INCORPORATED IN THE REPUBLIC OF SINGAPORE) Company Registration Number: *****0026Z FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2007 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Bank and the Group
      1,305 words
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      771 9 Mil UNITED OVGRSGAS BANK LIMITED AND ITS SUBSIDIARIES INCORPORATED IN THE REPUBLIC OF SINGAPORE Company Registration Number: *****0026Z SUMMARY OF THE NOTES TO THE FINANCIAL STATEMENTS Dividends FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2007 2 7 Group 2006 2 Bank 2006 $'000 $'000 $'000 $'000 Corporate information Ordinary shares
      771 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Global property firms showcase projects here
      432 10  -  ARTHUR SIM M'sian developers making their presence felt at Cityscape Asia 2008 By IN a light moment at the Cityscape Asia 2008 conference yesterday, Urban Redevelopment Authority chief executive Cheong Koon Hean said: "For those interested, I still have land to sell." Ms Cheong,
      432 words
    • Article, Illustration
      Lock icon Singapore Flyer officially opens
      307 10  -  LEE U-WEN PM Lee describes ride as 'enjoyable and spectacular' By FIREWORKS and lasers lit up the Marina Bay skyline last night as the world's largest observation wheel was officially opened. Gracing the festivities at the Singapore Flyer was Prime Minister Lee Hsien Loong, who made
      LIM WUI LIANG/THE STRAITS TIMES  -  307 words
    • Article
      Lock icon IDA, SiTF give local tech firms a leg up in Shanghai
      409 10  -  ONG BOON KIAT By in Shanghai THE Infocomm Development Authority of Singapore (IDA) and the Singapore infocomm Technology Federation (SiTF) have retooled their three-year-old business networking office in Shanghai giving it a sharper brand identity as well as new
      409 words
    • Article
      Lock icon Major gains for S'ore in Japan-Asean pact
      514 12  -  LEE U-WEN Tariffs for 173 of the top 200 items traded with Japan will fall to zero By THE new economic trade pact that Japan has just signed with Asean will reduce tariffs to zero for the vast majority of items that Singapore
      514 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Retail sales down 1.3% in February
        53 12 Reuters SINGAPORE'S retail sales fell 1.3 per cent in February from a year ago, reflecting slower sales of big-ticket items such as sars, according to the Department of Statistics. Retail sales in February rose 8.8 per cent after seasonal adjustments, compared with January's 2.2
        – Reuters  -  53 words
      • Article
        Lock icon Highest inflation levels in nearly 30 years
        81 12 Reuters SINGAPORE'S inflation will run at its highest levels in nearly three decades in the first half of the year, said Trade and Industry Minister Lim Hng Kiang yesterday. The annual inflation rate climbed to 6.6 per cent in January, the highest level
        Reuters  -  81 words
    • Article
      Lock icon Joint effort needed to sustain arts: minister
      323 12 BUILDING and sustaining key cultural and heritage institutions require a joint effort involving the government, private sector and the people, said Lee Boon Yang, Minister for Information, Communications and the Arts yesterday. Speaking at the Patron of Heritage Awards ceremony, he stressed that
      323 words
    • Article
      Lock icon ADB, 3 S'pore firms form China water project venture
      393 12  -  CHUANG PECK MING By SINGAPORE Cooperation Enterprise (SCE) has brought together the Asian Development Bank (ADB) and three Singapore water companies to invest up to US$lO million to start a company that would "create" at least US$l5O million of water projects
      393 words
    • Article
      Lock icon Choice Homes unit top bidder for site
      324 12  -  KALPANA RASHIWALA By A SUBSIDIARY of NTUC Choice Homes Co-operative yesterday placed the top bid of $290.19 million or $460 psf per plot ratio (psf ppr) for a 99-year leasehold private condominium site at Lorong 2/3 Toa Payoh. The bid was about 23
      324 words
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      53 10 If '^L ""r^ 1 111 Leather Interior I With Control 1^ Dual VVT-i Engine A|H Direct Fuel Injection pW .^^^^^^^^H <H H BOmSO MOtOrS LEXUS SERVICE CENTRE TEL: *****826/*****827. FAX: *****651. OPEN MON-FRI: BAM TO SPM. SAT: BAM TO 4.30PM. Details and specifications may differ from pictures shown, www.lexus.eom.sg The
      53 words
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      1613 11 Mil FAR EASTERN BANK LIMITED AND ITS SUBSIDIARIES INCORPORATED IN THE REPUBLIC OF SINGAPORE) Company Registration Number: *****0116 D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2007 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Bank and the
      1,613 words
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      271 12 i^^^^^^^^^^-^~ 1 I ill I ill SEEKING EXCEPTIONAL PARTNERS Engel Volkers with over 318 offices in 25 countries is one of the world's leading licensors for agents specialized in the marketing of prestigious international properties. We are now seeking highly qualified Local License Partners for Singapore. An established and fast
      271 words
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      174 13 Riffi H^Z Ej^^S^Sz^^Hj 1 H E&HPiili life- -It Iv BSHPS ■:^HB BKffw Ik '-^BL BUS! Hnlii> BBSBBBf 'W/S/sl^E£&'WfJW*99i H^H '^^^BHfc^B B^BB^P "^t X ■.&>«! s wtiM I /'"IIS H1- !^3w jg I^H «H VffiS'ißl B ''J^s BIS .•-.'Mi fw^H B' Km IH HI ft' ill^M-1 Itessaiiift&i** I Bf- Ebb hh
      174 words
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  • ECONOMY WATCH
    • Article
      Lock icon Strengthen management of risk, hedge funds urged
      518 14 Bloomberg US Treasury panels recommend guidelines that lower systemic risk [NEW YORK] Two panels appointed by Treasury Secretary Henry Paulson has advised hedge funds to adopt guidelines including increased disclosure and strengthened management of risk in the aftermath of the rout in credit
      – Bloomberg  -  518 words
    • Article, Illustration
      Lock icon Global financial system needs overhaul, says Rubin
      480 14 Bloomberg [NEW YORK] Robert Rubin, the former US Treasury Secretary, said that the global financial system of free-flowing capital and goods needs to be fixed. "This country's next administration, whichever party gets elected, really does need to face the question of whether the
      Bloomberg; BLOOMBERG  -  480 words
    • Article
      Lock icon BURSA MALAYSIA
      2279 14 4-/-VOL Cooo) ipr 15 KM ASM Realty 0.70 \bric Bhd 0.17 advance Synergy 0.13 Adventa Bhd 1.25 Ae Multi Hldgs 0.23 Win Holdings 2.02 Ahmad Zaki Resou 1.05 AicCorp 0.57 \irasia Bhd 1.30 Akn Technology 0.53 Alliance Financi 2.82 aluminium Co 1.02 Amalgamated Ind 0.49 Ammb Hldgs Bhd
      2,279 words
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      637 14 Q i o <= U CD S A c > 100 O e9 v o 8•™•o O•.♦»- O <=> s •Ia o OVER 6O MEDICAL SPECIALISTS. Designed to meet all your healthcare needs. Aesthetics/Cosmetic Surgery Anaesthesiology Anti-ageing Cardiology Chiropractic Colorectal Surgery Day Surgery Centre Dentistry Dermatology Ear, Nose&Throat (ENT) Fertility
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      33 15 lilppiF xft; el I I 4^^ Apparently the judges agreed. Mor/no at Keppel Bay has just been named Best New Asian Marina/Yacht Club of the Year at the Christofle Asia Boating Awards 2008.
      33 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon KL aims to rely less on food imports
      284 16 -AP Cabinet panel led by PM set up to tackle rising consumer prices [KUALA LUMPUR] The Malaysian government is planning strategies to boost food production in the hope of reducing the country's reliance on food imports and controlling inflation, an official said
      -AP; REUTERS  -  284 words
    • Article
      Lock icon M'sia to hold fuel prices under subsidy reform
      230 16 Reuters [PUTRAJAYA] Malaysia aims to keep fuel prices unchanged under a reform of energy subsidies to be launched this year by curbing wastage and smuggling, a minister said yesterday, in a move that could cool inflation. Subsidies, which keep Malaysian pump prices
      Reuters  -  230 words
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      3099 16 I ASIA TIGER GROUP LIMITED RGI R (incorporated in Bermuda) INTERNATIONAL NOTICE OF SPECIAL GENERAL MEETING BERQER INTERNATIONAL LIMITED NOTICE IS HEREBY GIVEN THAT a Special General Meeting of ASIA TIGER GROUP LIMITED will be held at Nautica 111, Republic of (Incorporated in the Republic of Singapore) Singapore Yacht Club,
      3,099 words
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      301 17 If your IT system goes down, will the rest of your business follow? jS\ Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in The moment you think you're prepared for anything, multiple platforms and storage management, we are able to the unexpected happens.
      301 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Property, construction hit by election fallout
      565 18  -  PAULINE NG Fears that the opposition coalition would tighten vetting of projects By in Kuala Lumpur MALAYSIA'S March 8 general election was toughest on the construction and property sectors, with both indices falling by over 20 per cent in the first quarter on fears
      565 words
    • Article
      Lock icon Antam in talks to buy stake in Sumatra mine
      240 18 Bloomberg [JAKARTA] PT Aneka Tambang, an Indonesian gold and nickel miner, is in talks with Oxiana Ltd to buy a stake in the Australian company's gold and silver mine in North Sumatra province as precious metal prices advance. "We are negotiating
      Bloomberg  -  240 words
    • Article, Illustration
      Lock icon Abdullah faces heat from Anwar
      573 18 AFP Former M'sian DPM says he has numbers to topple PM's govt [KUALA LUMPUR] Malaysia's struggling leader faced a new and serious challenge yesterday after opposition chief Anwar Ibrahim's dramatic claim that he is supported by enough government defectors to seize power. Analysts said that
      AFP; AP  -  573 words
  • GREATER CHINA
    • Article
      Lock icon China wealth fund pays £1b for stake in BP
      552 18 Bloomberg Oil firm welcomes investment; UK govt reported to be monitoring situation [LONDON] China has bought a stake in BP pic, its second investment in a European oil company, as the nation seeks to secure resources and boost returns on the
      – Bloomberg  -  552 words
    • Article, Illustration
      Lock icon Gucci puts its foot down on pirates
      272 18 Reuters Senda Group Co Ltd ordered to pay Gucci 180,000 yuan [BEIJING] Luxury goods maker Gucci has won a trademark copycat lawsuit against a Chinese shoemaker, putting its foot down in a country where knock-off designer gear is on sale on every street
      Reuters; AFP  -  272 words
    • Article
      Lock icon Dubai, China firm to launch fund
      182 18 Reuters [HONG KONG} Dubai International Capital (DIC) and Chinese firm First Eastern Investment Group announced on Monday the launch of a fund that will invest in Chinese companies and possibly list them on Dubai securities markets. The joint venture between stateowned Dubai Holding's investment
      – Reuters  -  182 words
    • Article
      Lock icon HK facing challenging year in 2008: govt
      234 18 Bloomberg [HONG KONG] Hong Kong will face a challenging year with a slowdown in share sales and establishment of asset management companies in the city, said XC Chan, the city's secretary for financial services and the treasury. The Hong Kong government is observing
      Bloomberg  -  234 words
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      229 18 Vorsprung durch Technik /^7CX"X~~\ CJalfij The Audi A 6. The world's most awarded car in its class. /fflSmtSS^, /4&mzSSsk\ _X r^ If ni ST mmA mm _^Mm mm I MW* X This weekend, enjoy up to $30,000 savings on the Audi A 6, mmmm a N ,^m^ mm^^'^mm^^^ including enhanced
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  • INDIA
    • Article, Illustration
      Lock icon Infosys posts lower-than-expected profit
      521 19 ■AFP The Bangalore-based company's net profit rose 9.2% to 12.5b rupees [BANGALORE] Indian software giant Infosys Technologies yesterday posted a lower-than-expected fourth quarter net profit as the US economic slowdown led clients in its biggest market to pare down spending. The Bangalore-based company's net profit rose
      ■AFP  -  521 words
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      572 19 LUAUKK Lunch at A *\o* Marina Mandarin RufliWßnl McrtMrV»k \lh<^>^ HBSS^BESH L-d I Reply Reply to all Forward I S I ■AHHUljllt'ni^iXjL&'jiiUJKAXll^afl HA|>lrllllllllllVlltlL2fl From: Group All Managers Sent: Monday, April 21, 2008 09:00 AM |l£>x To: Group-All Secretaries I Jll f IHII HI (-re- ru W^\ Subject: TRADING PLACES! evg|
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  • WORLD
    • Article
      Lock icon 'Awful' profits will drag down S&P 500: Goldman
      351 20 Bloomberg Forecasts conflict with estimates by analysts that S&P 500 firms will report 55% growth in Q4 [NEW YORK] Goldman Sachs Group strategists said the US corporate earnings season got off to an "awful" start and shares will drop as companies slash
      Bloomberg  -  351 words
    • Article, Illustration
      Lock icon High pressure system takes hold
      435 20 THE North Pacific High has re-established itself very strongly in the vicinity of the entire fleet. This has further benefited the yachts further north, enabling them to achieve a better sailing angle and faster speeds towards the Californian coast. Only 12-miles behind the race leaders,
      Photo: ONEDITION  -  435 words
    • Article
      Lock icon Brandon steps down as CEO of Berkshire's General Re
      437 20 Reuters [NEW YORK] Joseph Brandon, who was once considered a leading candidate to replace Warren Buffett at the helm of Berkshire Hathaway, resigned on Monday as chairman and chief executive of General Re Corp. His resignation comes less than two months
      – Reuters  -  437 words
    • Article
      Lock icon Third time lucky, Berlusconi triumphs again
      535 20 Reuters [ROME] Two years ago Silvio Berlusconi lost an election he had hoped would make him Italy's prime minister for another five years. He never admitted defeat. His comeback on Monday, winning a third term with an unexpectedly strong mandate, did not show Italy
      – Reuters  -  535 words
    • Article, Illustration
      Lock icon Banks may sell more shares at a discount to raise capital
      690 21 Reuters The move could lead to stocks of financial firms getting hit twice [NEW YORK] Raising capital is getting harder for banks as they tap the well more and more and over time more banks could find themselves selling
      Reuters; REUTERS  -  690 words
    • Article
      Lock icon Record IPO cancellations as stocks fall
      237 21 Bloomberg [LONDON] A record number of companies cancelled initial public offerings (IPOs) in the first quarter as stock markets fell and concerns about a recession sapped demand for new shares, a survey by Ernst Young said. As many as 83 companies withdrew IPOs, while
      – Bloomberg  -  237 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8155 21 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.886/ Star Europe Bond 1.211/ Star Europe Bal 1.144/ Star Asian Tiger Eqty 1.332/ Star Asia Bond 1.178/ Star Asia Balanced 0.949/ Star Global Technology Fund!** 0.183/ Multi St Fd 0.851/ Star Asia Bond(USD) 0.866/ Gib Multi St USD
      8,155 words
  • Page 20 Advertisements
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      414 20 green because we care Own that which appreciates, rent that which depreciates. Rockfeller, 1920 <B^-i All sharp financial minds know that investing in depreciating l assets like business fgUgjj technological hardware buries that cashChoose to go rental instead with RENTWISE. J r- if\ Rentwise I fP J i.'i.r.i." ii.'iiTii A,
      414 words
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  • MOTORING
    • Article, Illustration
      Lock icon Sports models race to top spot in sales growth for 2007
      545 22  -  SAMUEL EE Despite less upbeat economy, sales expected to rise further this year Reports by RISING petrol prices and economic uncertainty do not seem to be eating into Singaporeans' appetite for sports cars, with sales growing fastest in the
      lOHN HENG  -  545 words
    • Article, Illustration
      Lock icon Used luxury models may fuel sports car boom
      306 22 Imported ones may be cheaper than those sourced locally THE growth in luxury sports cars could be further fuelled this year by a new source imported used models. Some high-end models such as the Porsche 911 can cost substantially less when imported
      306 words
  • Page 22 Advertisements
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      41 22 JliHHQl^'' Mi |X k JIVI IVIU IU X J The Greatest Distance Covered on One Tank of Fuel (2-3 Litre Car). Source: www.singaporebookofrecords.com A Weames Company 249 Alexandra Road Singapore *****5 Tel: 6473 1488 www.volvocars.com.sg Specifications may vary from picture shown.
      41 words
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  • AVIATION
    • Article, Illustration
      Lock icon Jetstar turns in first profit despite high fuel cost
      484 23  -  YEN SREENIVASAN Revenue jumps 20% and passenger load factor up 4% in year ended March 31 By CAREFUL cost management, better use of resources, rising passenger revenue and stronger load factors have enabled Singa-pore-based budget carrier Jetstar Asia group to chalk
      484 words
    • Article
      Lock icon Cheung Kong denies Oasis buyout rumours
      498 23  -  JANE MOIR By in Hong Kong HOPES of a lifeline for collapsed budget carrier Oasis Hong Kong Airlines seem to dwindle yesterday as reports of a buyout by Li Ka-shing's Cheung Kong (Holdings) were denied. Cheung Kong said it "has not made any offer
      498 words
    • SUPER DEAL IN THE AIR
      • Article
        Lock icon Delta CEO set to become airline top dog
        288 23 Reuters [NEW YORK] Richard Anderson, the son of a railroad worker from Galveston, Texas, looks set to become the most powerful executive in the global airline industry. Almost eight months after taking over as chief executive of Delta Air Lines Inc, Mr
        Reuters  -  288 words
      • Article
        Lock icon Delta, Northwest in merger
        461 23 -AP US$3.l b deal would create the world's biggest airline [NEW YORK] Delta Air Lines and Northwest Airlines agreed to merge late on Monday, in a US$3.l billion deal that would create the world's biggest airline and could prompt other airlines to pursue mergers of their
        -AP  -  461 words
      • Article
        Lock icon No roadblocks seen for Delta deal: analysts
        191 23 Reuters [WASHINGTON] Delta Air Lines' proposed takeover of Northwest Airlines is the biggest airline test yet for US antitrust officials, but analysts do not expect a drawn-out review or any significant roadblocks to the deal. While the US Justice Department is expected to
        – Reuters  -  191 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2434 23 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,434 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      366 23 CRYPTIC CROSSWORD ACROSS 7 Titled lady one's seen in —^_-t-—^_-r—^—^M~—^r-—^m 9 Business suit? (6) 10 Bay providing shelter, to a _^l___^B___^l__^l__^l large extent (4) HE Bjj BE BE BE BE BE BE 11 Place of worship in New 12 Stylish catalogue one fe- HBj fe^fe^fl |B |B male brought out
      366 words
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  • SHIPPING
    • Article
      Lock icon Providing support to seafarers
      900 24  -  DAVID HUGHES STRAIT TALK By LOOKING at Singapore's massive container ports, especially from high up on the Sentosa cable car, you get an overwhelming impression of powerful technology at work on the grand. Even the many feederships that take the boxes transshipped from 8,000 plus TEU
      900 words
    • Article, Illustration
      Lock icon Scientists blame faulty rivets for Titanic doom
      557 24 NYT [NEW YORK] Scientists have discovered that the builder of the Titanic struggled for years to obtain enough rivets and riveters and ultimately settled on faulty materials that doomed the ship, which sank 96 years ago yesterday. The builder's own archive, the two
      NYT; FILE PHOTO  -  557 words
  • Page 24 Advertisements
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      2376 24 In The Matter Of The Companies Act, Cap. 50, mTheMaLof Notice of Fourth Annual General Meeting <3r5 YCIIJCrUT (c^^ny n^iSwwSjod) YOUCAN FOODS INTERNATIONAL LIMITED VV Statutory Declaration By Directors (Incorporated In The Republic of Singapore with limited liability) (Company Registration No. *****1338W) of Company's Inability To Continue Business By Reason
      2,376 words
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      Lock icon Page 24 Advertisements Column 2
      283 24 GLORY SHIP MANAGEMENT PTE LTD H We invite suitably qualified and experienced personnel for the I EBmSSBMm I I Working experience in Tanker Operations, supervision of loading/discharging, :<,ij safety audit, etc. ;;■> I Knowledge of Charter Parties, laytime calculations and ability to independently j£fl liaise with Charterers, Agents, Terminals and
      283 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The greenback's dangerous descent
      466 25 SINCE the February meeting of the finance ministers (or equivalents) of the the Group of Seven industrial countries in Tokyo, the US dollar has lost about 8 per cent against the euro and 6 per cent against the yen. It is now not far from 1.60
      466 words
    • Article, Illustration
      Lock icon Can Asia escape a global slowdown?
      875 25  -  DAVID BURTON While the outlook for the region remains reasonably favourable, there are downside risks By THIS past weekend, at the IMF-World Bank Spring meetings, finance ministers and central bank governors from around the world met amid serious financial market turmoil which began in
      REUTERS  -  875 words
    • Article, Illustration
      Lock icon Beijing undermines own rules for journalists
      783 25  -  FRANK CHING THE BOTTOM LINE NEW, liberalised regulations governing the work of foreign journalists were introduced by China last year, but it is clear that there are many problems in the implementation, some of which are being deliberately introduced by officials, including the police.
      783 words
    • Article, Illustration
      Lock icon Getting the best out of your employees
      1303 26  -  RICHARD SCHULTE The employer must engage its staff in a continuous coaching process By TALENT management is on every organisation's agenda today and it is a top priority for many CEOs. The reason is the current "war for talent" in the marketplace and
      FILE PHOTO  -  1,303 words
    • LETTER TO THE EDITOR
      • Letter
        Lock icon Beyond prescriptive rules
        398 26 WE refer to "Disclose CEO's and directors' actual pay, not bands" (BT, April 3). Mak Yuen Teen is right to say that the Code of Corporate Governance recommends bands, but does not stop companies from going beyond that to disclose actual pay. Companies that want to differentiate
        398 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      116 25 The Business times Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, *****4 PHONE: 6319-6319 FAX: 6319-8277 INTERNET: http://business-times.asial.com.sg EMAIL: Press releases: btnews@sph.com.sg Letters to the Editor: btletter@sph.com.sg OPS DESK: 6319-5360 CUSTOMER SERVICE 6388-3838 Chief Executive Officer Editor-in-Chief Singapore Press Holdings (English Malay Newspapers) ALAN CHAN PATRICK
      116 words
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  • Page 26 Advertisements
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      6 26 st c POST YOUR AD WWW.ST7OI.COM
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      Lock icon Page 26 Advertisements Column 2
      1854 26 *k a AchievA GROUP OF COMPANIES (Company No: *****7251 M) {Incorporated in the Republic of Singapore! Ordinary Business 1. To receive and adopt the Directors' Report and Audited Accounts for the year ended 31 December 2007. (Resolution 1) 2. To approve the payment of Directors' Fees of 5575,000 for the
      1,854 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6387 27 Transaction date: Apr 15 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom i 71] is &i'M c°:. f 42 19.5 2101 APOil 141 54.5 5550 ARA 22 4 3100 ASAGrp 27 8 1102 ASJ
      6,387 words
    • Article
      Lock icon SGX XTRANET
      69 27 _Hu Low Code Comi Sale C000) _Hu Low Bin Seller C'vr P/E $mil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF US200cd US6200 US1000 US***** US*****
      69 words
    • Article
      Lock icon SGX CATALIST
      1922 27 Hii Low Code Comi Sale C000] Hii Low Bu1 Seller C'vr P/E >mil 30 11.5 1181 s AAGrp 41.5 16 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5 7814
      1,922 words
    • Article
      Lock icon CLOB INTERNATIONAL
      213 27 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      213 words
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      73 27 PHOENIX A Australia I ir%n J Canada V nJU K^^l China Make an affordable call Al^ W A lAI A A^^k^l I^.^ France K^k Germany V^^H i^. e\. «^N. 1 Hong Kong ■^■■■B|BnVVf"f"VHB|HniHBHniHHIjBP^^ x XT I itaiv r* 3?w Vf^Bn vClr Maiaysia cha 111 L X New Zealand w I
      73 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 28 %dy %yr dy yr dy yr Index Change Change Change Change Change Change ir 14 World Index Preliminary 1002.5 -0.8 -11.4 -0.6 -13.8 -0.7 -8.7 t EAFE Preliminai 959.4 -1.4 -14.4 -1.1 -13.7 -1.2 -8.! Euro[ Prelim inan 1333.1 -1.0 -13.6 -0.6 -13.6 -0.6 -8/
      363 words
    • Article
      Lock icon PALM OIL
      59 28 Apr 15 Delivery Month Opening Sett Av Range Price Price Hi Vol Open Done Position Low Apr 08 May 08 3601 Jun 08 3640 Jul 08 3646 Total o/p: ***** contracts 3565 324 3688 3699 3601 1485 4732 3690 3698 3630 7181 ***** 3690 3700 3634 3298 *****
      59 words
    • Article
      Lock icon STOCK INDEX FUTURES
      21 28 Apr 15 STI SIMSCI Ap 375.3 380.6 377.4 Taiwan 339.7 342.7 340.9 Source: MF Global (S) He. Ltd
      21 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Apr 15 S$ Bid Offer 1-month 1.3527 1.3534 2-months 1.3512 1.352 3-months 1.3502 1.351 6-months 1.3471 1.3481 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 28 Apr 15 Against SS Currencies Bid Offer Against USS Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2573 1.2584 0.9278 0.9283 Canadian dollar 1.3266 1.3277 0.9790 0.9794 Euro 2.1491 2.1501 1.5859 1.5861 NZ dollar 1.0684 1.0701 0.7884 0.7894 Sterlini ind 2.6709 2.6724 1.9710 1.9714
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      351 28 Apr 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO8 SepO8 DecO8 MarO9 97.490 97.670 97.615 97.635 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES JunO8 99.175 99.180 SepO8 99.230 99.235 DecO8 99.280 99.290B MarO9 99.310 99.310 JunO9 99.280B SepO9 99.225B DecO9 Mar10 99.175
      351 words
    • Article
      Lock icon SICOM FUTURES
      292 28 Apr 15 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High j Low Close Sett Volume (tonnes) Open Interest May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 385.50 381.50 377.50 376.25 376.25 376.25 RSS 3 (US cents/kg) Month Hig jh_ Low Sett Volume
      292 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 28 Apr 15 AS_ CS Rmb Euro HKS IndRsRui Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US1 Australia 0.948 6.496 0.585 7.233 37.076 85.348 0.937 9.176 2.940 1.176 58.862 38.881 1.258 7.304 0.924 28.081 29.271 0.471 0.928 Canada 1.055 6.854 0.617 7.632
      466 words
    • Article
      Lock icon PRECIOUS METALS
      184 28 Apr 15 GOLD (USS/oz) Hong Kong London GOLD (USS/oz) Apr 14 Apr 15 Hong Kong 917.60 930.80 918.60 931.80 Apr 14 April London 928.70 922.55 929.70 923.25 Source: Reuters /-A fT n A n a t rr14 A[. r1S GOLD BULLION COINS (SS) Selling Buying 1 oz 1415.61
      184 words
    • Article
      Lock icon LONDON METALS
      68 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2995.50 3040.20 3 months 3045.00 3090.00 Copper, Grade A (US$/tonne) Cash 3 months 8702.00 8555.00 8793.00 8650.00 Lead (US$/tonne) Cash 2914.00 3 months 2920.00 2961.50 2967.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      77 28 Apr 14 (£/tonne) Close Prev Hii ih/Low May 08 1396 1414 1417/1388 Jul 08 1422 1437 1440/1413 SepO8 1339 1353 1344/1332 Dec 08 1310 1325 1318/1304 COFFEE (US$/tonne) Close Pev High/Low May 08 2236 2239 2245/2225 Jul 08 2268 2270 2279/2253 SepO8 2272 2271 2280/2258 Nov08 2245 2244 2254/2235
      77 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 28 As at 9am Apr 15 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2500 1.2650 Can dollar 1.3230 1.3390 Euro 2.1360 2.1610 NZ dollar 1.0640 1.0880 Sterlini 2.6650 2.6951 US dollar 1.3490 1.3650 Local dollars to 100 units of foreign currency:
      129 words
    • Article
      Lock icon INTERBANK RATES
      159 28 Apr 15 fer Bii Overnight 1/4 1 -month 1 2-months 1 1/8 3-months 1 1/4 Overnight mode: 7/16 US$ Offer 1/8 7/8 1 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 2.75 2.80 2.83 2.83 2.80 2.80 2.80
      159 words
    • Article
      Lock icon SIBOR
      76 28 Apr 15 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      76 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Apr 15 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****N 17.07.08 1-Year BY*****A 29.09.08 0.85 0.86 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750 15-Year NY*****X
      88 words
    • Article
      Lock icon CHICAGO BOT
      104 28 Apr 14 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1372.50 1332.50 1376.00 1357.00 Jul 08 1389.25 1349.25 1392.00 1368.00 Aug 08 1377.25 1338.00 1378.00 1363.00 Sep 08 1335.50 1304.50 1335.00 1322.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 61.50 59.94 61.90
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 28 CRUDE OIL PRODUCTS Apr 14 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 109.09 1.13 WTI (Near Mth) 111.85 1.52 Dubai (1-Mth F) 101.71 -0.63 Tapis blend 115.12 -0.98 Minas 106.6 -0.3 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 100.57 137.40 -1.25 -2.2 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon BONDS & WARRANTS
      1526 28 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- C000) Ratio Price ing Left 9092 Asia Environment W*****4 16.5 -0.5 60 1 38 5 3.15 16 8756 Asiatic Grp (H) Ltd W*****2 5 -0.5 1 1 3 -6 1.70 29 3704 Capita mall
      1,526 words
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      2890 29 Shipping Times The Business Times A P^^nppH JHJjfflffl JffP 888 WAN HAI INTERNATIONAL PTE LTD crnon69S92oooo/r W I^jJjjjiajjJjiJJJSM ■jiaragMlWJJgJjWgMjJSHSEJflailillH %f aasa ki a■ TEL *****588 (14 LINES) FAX: *****163 1 V.^ "^TCTITT^^TCV ■graffifXj IJJK&UJJj V\\M>\A/AM HAI INrN Customer Service/Bookings Direct Une (1800) *****200 BMMH^HMIM^KrcHfj^^^M BBQBe3iSß*tE*se]jJß V V WWf^ll I I
      2,890 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Guarding against complacency
      1144 33  -  ROY VARGHESE Singaporeans need to focus on their financial plans and stick with them amid warning signs of challenging times ahead T'S no exaggeration to say 2008 has been very challenging so far and that the outlook for the rest of the year isn't that great either.
      1,144 words
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      Lock icon UBS to investors: Stay long on Asian currencies
      730 34 Markets remain uncertain, but there are pockets of opportunities that investors can tap. ÜBS Wealth Management head of products and services (Hong Kong/ Singapore) Emmanuel Bucaille shares his views with GENEVIEVE CUA Q: What is your outlook for returns this year? A:
      730 words
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      Lock icon US economy likely to bottom this year
      677 34 HSBC exec sees sustainable rally in equity markets before year-end, writes GENEVIEVE CUA HE US economy is likely to bottom this year and equity markets should stage a sustainable rally before year-end, says HSBC Investments chief investment officer Leon Goldfeld. But there will
      Goldman Sachs, HSBC Datastream  -  677 words
    • Article
      Lock icon Some prefer more market volatility
      733 34  -  PAUL LIM ■NYT By [NEW YORK] Ever since the Federal Reserve cut interest rates and helped rescue Bear Steams from a potential collapse last month, the mood of the market has improved noticeably. The Dow Jones industrial average has recovered more than 600 points, the
      ■NYT  -  733 words
    • Article
      Lock icon China's first overseas stock funds lose allure as markets slump
      575 34 Bloomberg The first four overseas funds lost an average of 20% [SHANGHAI] Chinese investors are avoiding the first mutual funds allowed to invest overseas after they lost just as much as funds that only buy shares in the world's fastest-growing
      Bloomberg  -  575 words
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      Lock icon Dent in S'pore investor optimism
      763 35 An ING Asia-Pacific survey shows investor sentiment dived 35% in the first quarter, the biggest fall among 13 Asian markets, reports CHOW PENN NEE INVESTOR sentiment in Singapore is one of the least optimistic in Asia, a survey says. Singapore also experienced the biggest drop
      ING Investor Dashboard Sentiment Index Survey  -  763 words
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