The Business Times, 23 April 2008

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Total Pages: 31
1 31 The Business Times
  • 23 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg •■F* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday,April23,2ooB
    23 words
  • 828 1  -  CHUANG PECK MING MAS SELAMAT INQUIRY By [SINGAPORE] Specifically addressing the issue of accountability that has been raised in the wake of the escape of Mas Selamat Kastari, Prime Minister Lee Hsien Loong yesterday gave an insight into how he had weighed
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  • 570 1  -  RONNIE LIM New subsidiary Orchard Energy may be answer to supply security concerns By [SINGAPORE] With oil prices continually testing new peaks they touched US$llB a barrel yesterday Temasek Holdings is entering into big-money exploration and production (E&P) ventures in oil and
    570 words
  • MARKETS DIGEST
    • 16 1 AST INDEX 3,187.23 (+16.14) AST INDEX FUTURES 3,123 (+l3) ASIMSCI 396.96 (+1.95) ASIMSCI FUTURES 396.40 (+3.80)
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    • 29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.778 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.25 CANADA 5.25 SWITZERLAND 3.72 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 47 1 uesi lam KL COMP 1,279.30 -0.70 NIKKEI 225 13,547.82 -148.73 HANG SENG 24,939.15 +217.48 SET INDEX 850.02 +8.04 JAKARTA COMP 2,289.10 -46.79 MANILA COMP 2,855.75 -35.17 SEOUL COMP 1,787.49 -12.99 SHENZHENB 521.18 +3.85 MUMBAI IND 16,783.87 +44.54 12NOON EDT Change 12,712.33 -112.69 DOW NASDAQ 2,378.67 -29.37
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    • 42 1 US$ (S$ per US$) 1.352 (US$/S$ )er 1.978 2.674 EURO (US$/S$/E) 1.590 2.149 YEN 103.20 76.30 RM 3.142 2.324 HK$ 7.796 5.767 BAHT 31.47 23.28 RUPIAH 9,193 6,801 RENMINBI 6.989 5.171 INDIAN RUPEE 39.95 29.55 A$ 1.061 0.785 NZ$ 1.259 0.931
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  • 66 1 PROPERTY tycoon Ong Beng Seng (left) the man responsible for bringing the Formula One Grand Prix to Singapore is all smiles as he shares a laugh with Senior Minister of State for Trade and Industry S Iswaran. They were attending the unveiling last night of SingTel's
    ARTHUR LEE  -  66 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 45 1 EXEC MONEY f, SAMSUNG B4E GLOBAL SUMMIT I MOTORING Credit, equity markets: Chairman quits Call to make businesses Car distributor sails Is the worst over? after indictment environmentally friendly l£j into luxury yacht PAGE 32 J I] PAGE 3 PAGE 11 *_4Hkv business PAGE 30
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  • TOP STORIES
    • 835 2  -  KALPANA RASHIWALA JTC to sell assets worth $1.7b to private Mapletree trust instead By [SINGAPORE] Timing is everything. JTC Corp and Temasek subsidiary Mapletree Investments are not proceeding with their earlier plan to list a real estate investment trust (Reit) owning
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    • 563 2  -  EMILYN YAP But watch out for guidance from companies: analysts By [SINGAPORE] Jittery market conditions have introduced a note of caution to first-quarter earnings outlooks. And while many analysts think earnings will be within expectations, some are watching out for signs of a
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    • THREE-MINUTE DIGEST
      • 74 2 SOUTH Korea's most powerful businessman has stepped down after 20 years at the helm of the Samsung group, following his indictment for tax evasion and breach of trust. A sombre Lee Kun Hee made the shock announcement yesterday at a press conference called to
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      • 74 2 HYFLUX has won the bid to build and operate a $632 million seawater desalination plant in Algeria. The project raises its order book to $1.5 billion. With a capacity of 500,000 cubic metres a day, the plant is said to be
        74 words
      • 62 2 IS instant coffee and beverage specialist Super Coffeemix Manufacturing being bought up by Russian businessmen? BT understands from market sources that Russian business interests may have accumulated, or are close to accumulating, up to 51 per cent of the company's stock. And the purchase price
        62 words
      • 71 2 DESPITE recording 41 per cent higher sales of $2.7 billion, Singapore Petroleum Company saw its first-quarter net profit slip by 12.2 per cent to $98.4 million, a major factor being a tax write-back in the previous corresponding quarter. Earnings per
        71 words
      • 67 2 THE private sector needs to start investing to make their businesses more environmentally friendly, say speakers at the Business for the Environment Global Summit. Their engagement will not only help to push political leaders to set up policies that will enhance sustainable development, but
        67 words
      • 79 2 THE bill for the credit mess keeps rising. Nine months after the crisis in the American mortgage market began to tear through the financial world, the cost to banks, in terms of their own sinking investments, is approaching US$3OO billion. To shore up
        79 words
      • 73 2 ESCALATING costs are throwing a spanner in proposed Malaysian infrastructure projects, with those costing RM2 billion (SsB6l million) already reportedly facing delays or derailment. Doubts were cast yesterday on a bullet train project between Kuala Lumpur and Singapore after an online
        73 words
      • 80 2 CHINA will not start to levy a general property tax in 2008, because many technical and political issues need to be worked out first, according to officials and analysts. Talk of the tax, which would replace the existing web of levies and
        80 words
      • 43 2 FERRARI and Maserati distributor Hong Sell is expanding aggressively from cars to bikes and boats. Hong Sell Trading, part of the Hong Sell group, is now the official Singapore representative for Riva yachts. MOTORING, PAGE 30
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    • 405 2 Bloomberg Q1 fall follows record new funds of USsl94b in 2007 [NEW YORK] Hedge funds attracted US$l6.5 billion of new cash in the first quarter, the smallest inflow since the end of 2005, as a credit drought, falling home prices and a US economy
      Bloomberg  -  405 words
    • 513 3  -  CHEW XIANG It is short of USs4m and is talking to potential investors for the money By [SINGAPORE] Jade Technologies yesterday tried to show that a major project is making headway by disclosing operational details of a coal mining deal
      513 words
    • 679 3 -AFP, Reuters, AP Move welcomed but also raises worry his absence may harm Korea economy [SEOUL] South Korea's most powerful businessman has stepped down after 20 years at the helm of the Samsung group, following his indictment for tax evasion and breach of trust. A
      -AFP, Reuters, AP; BLOOMBERG  -  679 words
  • Page 2 Advertisements
    • 99 2 Voted As One of The Best New Places to Stay in The World Conde Nast Hot List 2008 The Best Boutique Hotel 2008 Singapore Tatler "Super chic über-cool.. .great amenities, charm personalized service" Wall Street Journal A hip, designer nook" Oa/ifas "Simply holistic hotel!" Vogue Australia "Rooms with a design
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 823 4  -  MICHELLE QUAH SWISSCO International's attempt this week to clarify issues relating to the resignation of two of its independent directors may be the right step towards better disclosure but it may have come too late. Shareholders need to question why the company took so long to
      823 words
    • 519 4  -  CHEW XIANG SINGAPORE'S water-treat-ment specialist Hyflux has won the bid to build and operate a $632 million seawater desalination plant in Algeria. The project raises its order book to $1.5 billion. With a capacity of 500,000 cubic metres a day, the
      519 words
    • 575 4  -  YEN SREENIVASAN Market sources talk of accumulation of up to 51% stake at $1.30 a share By IS instant coffee and beverage specialist Super Coffeemix Manufacturing being bought up by Russian businessmen? BT understands from market sources that Russian business interests may have accumulated, or are
      FILE PHOTO  -  575 words
    • 576 4  -  LYNETTE KHOO FORMER chairman of Bio-Treat Technology Wing Hak Man said that he has filed an appeal against the High Court's decision to stay his lawsuit against Bio-Treat. The High Court had on March 24 stayed Mr Wing's suit on the grounds that it
      576 words
    • 365 4  -  VINCENT WEE By INDIA and China-focused dry bulk carrier Mercator Lines (Singapore) is steadily building up its fleet of geared vessels with the recent purchase of a 69,186 dwt Panamax class geared bulker for U5565.5 million from Panamanian owner Ken Line SA. The YK Taurus
      365 words
    • 471 5  -  NISHA RAMCHANDANI By SINGTEL'S title sponsorship for Singapore's first Formula One (Fl) race is part of a business decision to propel the company's brand name into millions of homes both locally and overseas, one that is expected to pay off in the long
      ARTHUR LEE  -  471 words
    • 462 5  -  RONNIE LIM It warns of softening demand with expected global economic slowdown By DESPITE recording 41 per cent higher sales of $2.7 billion, Singapore Petroleum Company saw its first-quar-ter net profit slip by 12.2 per cent to $98.4 million, a major factor being a
      462 words
    • 256 5  -  j ARTHUR SIM LEW Syn Pau has retired from his post as director and non-executive chairman of Ascendas Funds Management (S) Ltd (AFM). AFM is the manager of Ascendas Real Estate Investment Trust (A-Reit). In a statement released yesterday, AFM said Mr Lew's
      256 words
    • 513 8  -  92% of forecast net property income for 2008 locked in, says trust manager By ARTHUR SIM CAPITAMALL Trust (CMT) has announced a distribution per unit (DPU) of 3.48 cents for the first quarter ended March 31. This represents, on an annualised basis, a DPU
      513 words
    • 774 8  -  CHEAH UI-HOON By THE hotel business is a hands-on business, and Wee Wei Ling knows it. One thing the executive director of the Parkroyal group doesn't do is sit in her "ivory suite" when running the Parkroyal chain of hotels, which made
      JOHN HENG  -  774 words
    • 460 8  -  WINSTON CHAI By RISING oil prices, coupled with the sustained depreciation of the US dollar against the yuan and the Singapore dollar, continue to take their toll on Aztech Systems, dragging its first-quarter profit down by 17.9 per cent
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    • COMPANY BRIEFS
      • 68 8 PACIFIC Shipping Trust has allocated an income distribution of US$3.3 million for Ql, despite posting an 83 per cent fall in net profit to U*****,000. The distribution per unit (DPU) for the three months ended March will be 0.97 US cents, down from 1.04
        68 words
      • 57 8 UK offshore asset management firm Pacific Capital Investment Management has agreed to invest up to $30 million in Chasen Holdings through an issue of convertible notes. The notes, to be issued in tranches of $1 million, will be unsecured with a 0 per cent
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      • 95 8 CHINA New Town Development Company saw its net profit attributable to equity-holders rise 9 per cent to 63.4 million yuan (5512.3 million) in the first quarter ended March 31, 2008. Including minority interests, net profit rose 3 per cent to 101 million yuan.
        95 words
      • 58 8 SINGXPRESS Ltd yesterday said it has called off the acquisition of Singapore Service Residence Pte Ltd, SingXpress International Pte Ltd and Anglo-French Travel Pte Ltd. The acquisition, which was to have included a shareholder's loan advance as well, was cancelled after considering the prolonged delay in
        58 words
    • 359 8  -  CHEN HUIFEN By HIGHER rents and contributions from new properties led healthcare-focused First Reit to a 15.8 per cent gain in first-quarter distributable income to $5.1 million. The performance lifted distribution per unit 15.6 per cent to 1.85 cents, from 1.60
      359 words
    • 199 8 Q1 results ended March 2008 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 SPC 98.48 112.10 -12.1 2713.87 1924.93 41.0 2 CapitaMall Trust 58.00 46.90 23.7 121.06 97.44 3 MobileOne 38.00 49.70 -23.5 203.90 196.40 24.2 3.8 4 China XLX 22.20 15.59 42.4
      199 words
  • Page 4 Advertisements
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      251 words

  • Page 5 Advertisements
    • 12 5 WORLDWIDE HOTEL RESERVATION www.luxury.com.sg Complete with rates and location map ™w j
      12 words
    • 133 5 ORCHARD iSCOTTS RESIDENCES SINGAPORE 1 i r- mm £k Jm A great way to I ive i# J iXfehi J right down to the littlest detail. '"^m, Welcome to a life of ease and comfort at v^ "<#s! H^ Orchard Scotts Residences, where you have 10 the assurance that everything
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  • SINGAPORE MARKETS
    • 925 6  -  LARRY WEE CURRENCIES Even if Asian favourites like S$ and yuan continue to outperform AHEAD of the always important interest rate meeting of the US central bank next week, global stock markets have enjoyed a pretty decent bounce over the past few sessions. And
      925 words
    • 102 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 8 8 1 0 0 0 8 8 1 Manufacturing 92 44 52 101 49 61 Commerce 23 14 24 28 15 28 )t/Stor/Comms 21 10 21 11 10 Finance 11 10 10
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    • 121 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 10,678 10,678 64,512 64,512 Manufacturing 698,385 13,690 712,075 481,161 965 482,127 Commerce 42,614 3,583 46,197 69,067 633 69,700 Tpt/Stor/Comms 104,272 694 104,966 281,594 220 281,814 Finance 30,949 30,949 224,619 224,619 Construction 40,155 6,348 46,503 10,518
      121 words
    • 107 6 CapitaLand 6.910 +0.050 CapitaMall 3.530 +0.050 CityDev 12.300 +0.020 Cosco Corp 3.400 +0.160 DBS Grp 19.700 +0.140 F&N 4.920 -0.020 Gent Intl 0.605 HK Land 4.320 +0.060 ISH 16.940 -0.440 lardineC&C 17.420 -0.260 Keppel Corp 12.000 +0.100 Keppel Land 6.070 +0.070 NOL 3.160 -0.080 Noble Grp
      107 words
    • 780 6  -  LYNETTE KHOO Keppel Land April 22 close: 556.07 CIMB-GK Research, April 22 KEPPEL Land (KepLand) has secured an option to develop a new residential site in Ho Chi Minh City (HCMC) and is expected to develop 1,500 apartments, targeted at the upper-mid market. The units are scheduled for
      780 words
    • 551 6  -  R SIVANITHY STOCKS PUNTING ol China stocks was the bright spot in a iull session yesteriay when the straits Times Iniex got stuck in a tight band amid thin volume, low volatility and a narrow focus. A late push in Hong
      551 words
    • 4 6 DAILY
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    • 53 6 Apr 22 VALUE CLOSE 110.00+228.0 BT OB/OS BT CADI -*****.00+106.0 BT 10-day MA -*****.00+11.00 FTSE ST Mid Cap 802.71 +3.65 FTSE ST Small Cap 660.79 +5.04 FTSE ST All Share 810.06 +4.27 FTSE ST China 480.99+19.13 UOB Catalist 145.94 -0.99 SiMSCI 396.96 +1.95 SiMSCI Future 396.40 +3.80
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    • 53 6 VOLUME ChinaEratat 109,517,000 ChinaEnerqy 99,146,000 China Honqxinq 59,588,000 CoscoCorpMßl_eCWoBoBol 51,436,000 Teledata 46,646,000 Yanqzijianq 43,014,000 ChinaZaino 40,285,000 Cosco Corp 36,409,000 JiutianC 32,373,000 China XLX 31,865,000 VALUE(S) Cosco Corp 121,712,660 SingTel 67,370,370 SGX 62,449,850 DBS Grp 60,968,060 ChinaEnerqy 55,061,250 Keppel Corp 48,291,424 UOB 46,799,640 Wilmar 44,551,320 Yanqzijianq 41,487,985 China
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    • 105 6 CLOSE UP 895 193.2 19.0 Thai Prime Fd China H 10US$ 1733 66.2 2.9 JMH 3120 27.0 0.6 Venture Co 1194 20.0 1.7 Cosco Cor| 340 16.0 4.9 CoscoCori ILJCW***** 124 16.0 14.: Kei DB eCW*****1 32 16.0 100.' UOB 2074 16.0 0.8 Wilmar 478 16.0 3.5 DBS Gr|
      105 words
    • 104 6 CLOSE DOWN 2200-2600.0 -54.2 BMT JSH 1694 -59.5 -2.5 Jardine C&C 1742 -26.0 -1.5 Great Eastern 1690 -22.0 -1.3 GuocoLand Ltd 313 -11.0 -3.4 Austland PG 240 -10.2 -3.2 UOBMBLiCW*****0 748 -10.0 -1.3 Cmdfr 10US$ 401 -9.5 -1.7 SIA En. 419 -9.0 -2.1 lanMBI_iCW***** 273 -8.0 -2.! BY PERCENTAGE
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    • 85 6 Where S! stands Apr 22 %CHNG CLOSE FR Apr 21 YR2008 S$ LOW S$ HIGH uss 1.3502 0.12 1.4542 1.3487 Euro 2.1545 -0.52 2.2064 2.0474 Pounds 2.6788 0.13 2.8431 2.6583 AS 1.2746 -0.19 1.3235 1.2349 Yen* 1.3090 -0.32 1.4484 1.2832 Rupiah* 0.***** 0.17 0.***** 0.***** Baht* 4.2904 -0.04 4.4299
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  • Page 7 Advertisements
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      125 words

  • Page 8 Advertisements
    • 1051 8 INTHEMATTEROF IN THE MATTER OF THE IN THE MATTER OF THE THE COMPANIES ACT, CAP. 50 COMPANIES ACT, CAP. SO COMPANIES ACT, CAP. 50 AND AND AND IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF CENTRE FOR CLEANING TECHNOLOGY KUOLI TEXTILES PTE LTD MAY UNG rTE
      1,051 words
    • 264 8 NfITIPF INUITIIIft ln The Matter °f nil I IliE mil I mil The Companies Act, Cap. 50 EXPRESSION OF INTEREST hThi ttLa Shyam Steel Industries Ltd., "WSffigtSEES* 8 a leading Steel Manufacturing "eg. no. *****3309 M company, presently owning Noira«jFCTiEMT^MEEnNQ ~~J «««LtL„ m k«, ,3 PURSUANT TO SECTION 296 OF
      264 words

  • Page 9 Advertisements
    • 52 9 H Great Eastern Charity Golf Challenge Sunday 20 April 2008 Tanah Merah Country Club, Garden Course W Guest-of-Honour: Senior Minister Goh Chok Tong ©OCBCBank iggjyg] Lion Capital Management Ltd RBS eßaoTech The Royal Bank Of Scotland Innovative Solutions for Insurance ascendas Hlbnpparibas Cap/taLand FQfi 171 Retail COU Deutsche Bank LtJ
      52 words

  • SINGAPORE NEWS
    • 510 10  -  CHEN HUIFEN YESTERDAY IN PARLIAMENT It gives health minister wider powers in event of an outbreak By THE Infectious Diseases (Amendment) Bill was passed in Parliament yesterday, giving the health minister greater power and scope to execute drastic measures in the event of an
      510 words
    • PARLIAMENT BRIEFS
      • 118 10 THE Economic Development Board (EDB) has been given greater flexibility to explore new businesses and industries under the EDB (Amendment) Bill passed yesterday by Parliament. This will cover businesses and industries that EDB has not dealt with. It includes a corporation, sole proprietorship, partnership, joint venture,
        118 words
      • 109 10 THE number of new bankrupts who held or are holding professional, managerial, executive and technical jobs has fallen from 546 in 2005 to 441 last year, according to Ho Peng Kee, Senior Minister of State for Law. As at February 2008, there were 25,961 undischarged
        109 words
      • 142 10 THE government, which has kept a close watch on the petrol retail market, has not detected any sign of collusion among retail petrol companies. "We do not have any evidence," S Iswaran, Senior Minister of State for Trade and Industry, told Parliament yesterday. He was
        142 words
    • 209 10 THE Immigration Checkpoints Authority (ICA) yesterday announced plans to cut queues at its Lavender building by offering more services on line. Through an online platform called e-Appointment, users will be able to book an appointment before they head to the ICA
      209 words
    • 240 10 SINGAPORE'S Newater has won an award for "Environmental Contribution of the Year" at a ceremony in London. The award is the second for national water agency PUB from Global Water Intelligence (GWI), a monthly journal that provides analysis and data on the international water
      240 words
    • 397 10  -  SARA LIM By SALES representatives topped a list of the hardest job positions to fill here, followed by engineers and management or executive staff, according to a survey by recruitment company Manpower Singapore. Sales and engineering were also the two most difficult jobs
      397 words
    • 549 10  -  SIOW LI SEN Time to move on after 'a wonderful near-decade' at bank By MIKE DeNoma is leaving Standard Chartered for new adventures. The marathoner banker will be sorely missed by the banking industry here. Stanchart group executive director since 2000 and credited with
      FILE PHOTO  -  549 words
    • 601 10  -  > CONRAD TAN He sees labour costs easing with faltering growth By FOOD price inflation in large, developed countries is likely to slow in the second half of this year as global economic growth wanes, a senior ÜBS economist said
      601 words
    • 193 10 SINGAPORE set new tourism records last year close to $14 billion in receipts and 10.2 million visitors. And the plan is to break those records, as the island plays host to the Formula One Grand Prix and other events. "The strong growth in
      193 words
    • 490 11  -  CHEN HUIFEN B4E GLOBAL SUMMIT Private push can spark govt actions to adopt sustainable development By THE private sector needs to start investing to make their businesses more environmentally friendly, say speakers at the Business for the Environment Global Summit (B4E). Their engagement will
      490 words
    • 286 11  -  CHEW XIANG By MALDIVES President Maumoon Abdul Gayoom said yesterday the United Nations carbon dioxide target is "unacceptable" and could spell disaster for his low-lying country. Speaking at Business for the Environment summit here, he said: "The contribution of the Maldives to
      AFP  -  286 words
    • 496 11  -  LYNETTE KHOO By THE urgency for managing climate change has not really sunk in and governments have to lead the private sector in efforts to cope with climate change, the audience at the Business for Environment Global Summit was told. The panelists
      496 words
    • 411 11  -  ARTHUR SIM PROPERTY By WITH probably less than 350 completed office and industrial buildings in Singapore available for sale on a strata basis, transaction volumes have been steadily rising with more investors seeing an upside. In a White Paper, Colliers International notes that since
      411 words
    • 280 11  -  EMILYN YAP By LANDED-HOUSING sites at Sembawang were sold yesterday at prices 22 per cent lower on average than nearby plots a few months ago. Yesterday's auction by the Urban Redevelopment Authority was for 11 plots with 99-year leasehold tenure. All were
      280 words

  • Page 11 Advertisements
    • 270 11 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      270 words

  • US ELECTIONS
    • 952 12 NYT It's all about backing the right horse in the White House race and making the biggest political return, writes ANDREW ROSS SORKIN IF YOU were a member of the Wall Street aristocracy, one of those hedge fund hot shots who makes half-a-bil-lion dollars
      NYT; AP  -  952 words
    • 8318 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.915/ Star Europe Bond 1.196/ Star Europe Bal 1.157/ Star Asian Tiger Eqty 1.357/ Star Asia Bond 1 166/ Star Asia BaUi.ed Star Global le.hrioloqy hind1" "1'ti/ Multi St Fd "SM/ Star Asia BondiiiSlv. ..si.1/ Gib Multi Stusn 1
      8,318 words

  • ECONOMY WATCH
    • 385 13 -AFP [BANGKOK] Thai Prime Minister Samak Sundaravej yesterday lashed out at the World Bank and UN for criticising biofuel producing nations for soaring food prices while sparing oil exporters. Mr Samak said he had set up two government committees to
      -AFP; REUTERS  -  385 words
    • 453 13 -Reuters [PARIS] The European Central Bank is prepared to raise interest rates if needed to bring inflation under control, policymakers said yesterday. French central bank governor Christian Noyer said the ECB could move rates to make sure that inflation fell below 2
      -Reuters  -  453 words
    • 777 13 -NYT The figure, near USs3oob now, may rise to USs7sob if there is a recession [NEW YORK] The bill for the credit mess keeps rising. Nine months after the crisis in the American mortgage market began to tear through the financial world, the
      -NYT  -  777 words
    • 407 13 Bloomberg Firm surpasses USsl2b target for new fund [NEW YORK] Private equity firm Warburg Pincus, which bought a stake in unprofitable bond-insurer MBIA, raised US$l5 billion for its biggest fund just as credit market turmoil slows the pace of deal-making. The firm gathered
      Bloomberg  -  407 words
  • Page 13 Advertisements
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      164 words

  • MALAYSIA
    • 672 14  -  PAULINE NG Proposed KL-S'pore bullet train viewed by govt agency as not viable: report By in Kuala Lumpur ESCALATING costs are throwing a spanner in proposed Malaysian infrastructure projects, with those costing RM2 biUion (SsB6l million) already reportedly facing delays or derailment.
      FILE PHOTO  -  672 words
    • 421 14  -  S JAYASANKARAN By in Kuala Lumpur "YOU can't fight City Hall" may be an adage that residents of Medan Damansara have just disproved. For over eight months, the residents of that swank suburb in Kuala Lumpur have been fighting both City
      421 words
    • 167 14 Bloomberg [KUALA LUMPUR] Permodalan Nasional Bhd, Malaysia's biggest state asset manager, plans to increase overseas investments to 10 per cent of its total funds in the next two years to boost returns. The company, which currently invests less than 10
      Bloomberg  -  167 words
    • 227 14 AP [KUALA LUMPUR] Malaysia's ruling coalition may open "a new era" of cooperation with the opposition in administrative matters, the prime minister said yesterday, signalling a policy shift after recent elections nearly levelled the balance of power. Prime Minister Abdullah Ahmad Badawi's National Front coalition
      AP  -  227 words
    • 2285 14 ipr 22 RM ('000] \&M Realty \bricBhd \dvance Synergy \dventa Bhd \e Multi Hldgs \ffin Holdings \hmad Zaki Resou \ic Corp Mrasia Bhd \kn Technology Mliance Financi Muminium Co Amalgamated Ind \mmb Hldgs Bhd \mtel Holdings \mway Malaysia \nalabs Resource \ncom Berhad \nn Joo Resource \pex Healthcare \pl
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  • INDONESIA
    • 444 15 Reuters State procurement agency hopes higher rates will reduce exports, smuggling [JAKARTA] Indonesia raised average farm-gate prices for rice by around 10 per cent yesterday in a bid to secure domestic stocks amid growing concern about supplies and rising global prices, a
      – Reuters; REUTERS  -  444 words
    • 228 15 Reuters They are banned for 3 and 6 mths from investment banking [JAKARTA] Indonesia capital market watchdog Bapepam said on Monday that it has banned BNI Securities, and another stock broking firm from investment banking activities after they cancelled a client's IPO.
      Reuters  -  228 words
    • 566 15 Reuters [JAKARTA] Indonesia should sell its first sovereign Islamic bond soon to benefit from strong investor interest in such instruments now that Parliament has passed a new Islamic finance law, a senior HSBC banker said on Monday. Indonesian
      ■ Reuters  -  566 words
  • Page 15 Advertisements
    • 281 15 AT BOAT ASIA 2008, YOU'LL FIND SOMETHING PERFECT TO GO WITH YOUR 100-FOOT YACHT. A 1,000-ACRE WATERFRONT TO BERTH IT AT. tiKHyiiJj.rj^BPiU■ I\it"# i*5T Ti^\^^^H BW \&^^HcJL '^Tn^^^^Vl I I jy^r^r^W L^ 1 1 f W^P^d^Bßi J^rff^^l Jv^^m ~y I *A K'gLj I ——^i^^^-^J I^^^Sl Presenting, a chance to join
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  • GREATER CHINA
    • 610 16 Reuters Technical, political issues need to be ironed out first, say officials, analysts [BEIJING] China will not start to levy a general property tax in 2008, because many technical and political issues need to be worked out first, according to officials and analysts. Talk of
      Reuters  -  610 words
    • 216 16 Reuters [HONG KONG] Hong Kong's bourse wants to introduce in stages a controversial plan requiring listed firms to report earnings every quarter versus twice a year now, a Hong Kong newspaper reported yesterday. A full quarterly reporting requirement, which had triggered strong opposition from
      Reuters  -  216 words
    • 260 16 Reuters [BEIJING] China's consumer inflation is expected to ease to 7 per cent in the second quarter and 5 per cent in the second half of the year, a government researcher said in remarks published yesterday. Chen Dongqi, vice-head of a
      Reuters  -  260 words
    • 209 16 AFP, Bloomberg [JAKARTA] The Beijing Olympic Games torch relay was completed without major incident in a stadium in Indonesia's capital, Jakarta, yesterday as Australia warned that police will crack down on violent protests during the Canberra leg later this week. Indonesian police detained a 25-year-old
      AFP, Bloomberg  -  209 words
    • 173 16 -Reuters [LONDON/NEW YORK] Britain's Financial Times Group said it aimed to launch its first Chinese-lan-guage magazine ahead of the Summer Olympics in Beijing to target China's increasingly affluent professionals. The magazine would be the first in China to be published in Chinese
      -Reuters  -  173 words
    • 329 16 -Reuters [HONG KONG] Macau, the world's largest gaming hub, yesterday said that it would rein in the booming industry by halting the issue of new licences and freezing land allocations for the construction of more casinos. In past years, Macau has flung its doors
      -Reuters; BLOOMBERG FILE PHOTO  -  329 words
  • INDIA
    • 556 16 AFP Entertainment industry in India loses USs4b a year to counterfeiters [WASHINGTON] Campaigners against piracy in India's money-spinning entertainment industry, which loses US$4 billion a year to counterfeiters, have taken their battle to the US Congress. "We are losing 90 per cent
      AFP  -  556 words
    • 501 16 AP, Reuters [NEW DELHI] India's federal government is planning to take several steps, including banning the exports of some commodities, to control the rising prices of food, cement and steel, Finance Minister P Chidambaram said yesterday. India's key inflation rate surged to a
      AP, Reuters  -  501 words
    • 404 16 -AFP [NEW DELHI] India needs to catch up economically with China but the gap now is growing rather than shrinking, Indian Finance Minister P Chidambaram said in an interview published yesterday. "We want to catch up with China but that requires greater political
      -AFP  -  404 words
    • 252 16 Reuters [NEW DELHI] India yesterday set revised rules for mergers amongst telecoms firms, restricting the market share of the joint entity to 40 per cent of the country's subscriber base. India has 12 firms providing wireless and fixed-line telephone services in some or
      Reuters  -  252 words
    • 629 16 Reuters Margins sales hit by high commodity prices, interest rates [MUMBAI] India's top vehicle makers are set to post mostly lower quarterly net profits as high commodity prices and interest rates weighed on margins and slowed sales in Asia's third-largest economy. But
      – Reuters  -  629 words
  • Page 16 Advertisements
    • 102 16 Vorsprung durch Technik www.audi.com.sg H^^^. i^l^^^^^^^^m iJ Bl m Driving revolutionised, pleasure reinvented. —^^^"M jpT^^JPii^T Jr m The new Audi A 4. Arriving soon. if/ fl HI Experience a whole new level of driving technology at the Audi A 4 Product Launch at Changi Exhibition Centre, from 7th to Mi
      102 words

  • ASIA-PACIFIC/WORLD
    • 712 17 AP, Reuters, Bloomberg It says it also expects further write-downs totalling £4.3b net [LONDON] Royal Bank of Scotland Group has announced a £12 billion (Ss32 billion) rights issue to shore up its capital after suffering heavy losses from the US sub-prime
      AP, Reuters, Bloomberg; AFP  -  712 words
    • 369 17 Bloomberg [NEW YORK] Citigroup, after posting almost US$l6 billion in writedowns, has bolstered its capital by selling US$6 billion of preferred shares in the bank's biggest public debt offering. The perpetual hybrid bonds pay interest of 8.4 per cent for 10
      – Bloomberg  -  369 words
    • 141 17 Bloomberg [TOKYO] Sony Corp delayed the start of an online service for its Play Station 3 machine by as long as six months because the system failed to meet the company's standards. Sony is pushing back the full release of the "Play Station Home"
      – Bloomberg  -  141 words
    • 680 18  -  ANDREW MARKS By. in New York TWO primary fears have been keeping investors in the US stock market in a bearish mood and stocks in an uneasy and volatile trading range since February: that global growth won't be enough to
      680 words
    • 275 18 Reuters [HONG KONG] RitzCarlton, the luxury hotel arm of Marriott, foresees weakening hotel demand in Asia's key financial centres as firms cut spending, while a struggle to fund projects will curtail hotel openings from 2012. Ritz-Carlton which has 70 hotels worldwide in 23 countries
      Reuters  -  275 words
    • 607 18 ■NYT Bank of America discussing sale of stake in China Construction Bank [NEW YORK] After loading up on Asian assets, could financially troubled Western banks be forced to sell? That is what analysts and bankers are asking as Bank of America considers reducing its 9
      ■NYT; BLOOMBERG  -  607 words
    • 394 18 Bloomberg US DATA [NEW YORK] Sales of previously owned homes in the US fell in March as loan restrictions and the prospect of further price declines kept buyers away. Purchases dropped 2 per cent, less than forecast, to an annual rate of 4.93 million,
      Bloomberg  -  394 words
    • 201 18 Bloomberg [FRANKFURT] Infineon Technologies, the German semiconductor maker, will write down the value of its Qimonda memory chip unit by one billion euros (Ss2.l billion) as it prepares to dispose of the division. Qimonda shares have lost almost half their value this year as memory
      ■ Bloomberg  -  201 words
    • 593 18  -  ANTHONY ROWLEY By in Tokyo TAKING a break from domestic woes that include a deadlocked Parliament and a slowing economy, Japanese Prime Minister Tasuo Fukuda has embarked on a round of whirlwind diplomacy involving South Korea, China and Russia as well as the European
      593 words
    • 336 18 Reuters [WASHINGTON] News Corp's Rupert Murdoch left the door open on Monday to a joint bid with Microsoft Corp to buy Yahoo, a day ahead of Yahoo's quarterly financial report. In response to a reporter's question about his interest in
      – Reuters  -  336 words
  • Page 17 Advertisements
    • 191 17 LUAUKI Exclusive Secretaries' Week EjjH^ 21-25 April 2008 EjC H H -^^///iiiiift\\^^s>^ I SUB Bl asJ^SSaQI SWisSOtel THE STAMFORD S, A iomh l!^ ••.".'.::t .™r BALLY IS\/\\l{ i-OmiANt £SM SPEND THE WEEKEND WITH US Indulge in Chatterbox's Local High Tea from 2pm to spm or chill out with Mezeßar's High
      191 words


  • AVIATION
    • 379 19 Govt could grant it a loan, following withdrawal of offer by Air France-KLM [MILAN] Italy scrambled to keep ailing flag carrier Alitalia in the air after suitor Air France-KLM withdrew its offer to buy it. Losing at least one million euros a day
      AFP  -  379 words
    • 414 19 Bloomberg [MADRID] BAA Ltd, the world's biggest airport operator, may be forced to break up assets including London's Heathrow and Gatwick terminals after an antitrust regulator said its near-monopoly is restricting competition. BAA's dominance of the air-transport markets in south-east England and
      Bloomberg  -  414 words
    • 191 19 AFP [GENEVA] The head of the International Air Transport Association (lata), Giovanni Bisignani, yesterday urged European governments to work towards a single European airspace to raise efficiency and reduce carbon emissions. Mr Bisignani asked governments to move beyond politics and economic measures. He said
      AFP  -  191 words
    • 2474 19 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
      2,474 words
  • Page 19 Advertisements
    • 334 19 fmmfmnfm^mmkj{) d W 8822 Email recruit@sph.com.sg BE PART OF A DYNAMIC MULTI-MEDIA COMPANY S[' I— J- i-:«;:S^^':,! ■lap-" I^^^W^t V: Il.^ll1 .Serais- i 5 Singapore Press Holdings, the leading media group in Singapore, brings the pulse of the world to a growing local and regional audience. Our potent mix of
      334 words
  • Page 19 Miscellaneous
    • 301 19 CRYPTIC CROSSWORD 7 Bill, man of the church, is BB HB HBBBBB BH |H VI HI right shock (6) HJ| Hi HJI Ml HI HJI Ml 12 The cure for convulsions at HBHiHI [Hj H^HfHi H jjHj the hairdressers? (5,9) 1 French party (4) BBBBBi BE BBBBfll BB Bfl^ rates,
      301 words

  • SHIPPING
    • 260 20 Bernama [JOHOR BARU] The Port of Tanjung Pelepas will expand its container terminal by building four additional berths to form a 1.44 km wharf to enable it to increase its container handling capacity to 12 million TEUsby 2011. Construction works for berths
      Bernama  -  260 words
    • 101 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.62 0.36 3.40 0.80 2.31 1.10 0.07 unch 1.38
      101 words
    • 37 20 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.78 9.30 9.20 4.50 3.32 0.22 0.15 -0.02 0.05 -0.05 0.04 unch 0.02 0.01 284 745 289 1340 373 31 28
      37 words
    • 12 20 ■oo ■recious Ship Jegional Cont .24.40 .24.00 0.10 unch 177' 18!
      12 words
    • 15 20 '000 ipr 22 HK$ Vol Doil iingamas Cont .43.00 ...2.25 -0.90 0.02 1485 in
      15 words
    • 24 20 '000 IPL >eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.70 30.50 2.50 unch unch -0.50 unch unch 529 560 279 0
      24 words
    • 25 20 22 NTS Vol Evergreen Marine ....29.85 :irst Steamship 83.00 ManHai Lines 27.65 r"ang Ming Marine ..23.70 -0.45 2.00 0.50 -0.50 22 8 6 18
      25 words
    • 40 20 '000 22 Yen Vol :awasaki Hvy Ind ..245.00 -9.00 9379 :awasaki Kisen ...1073.00 -3.00 5359 /litsubishi Hvy 459.00 -15.00 ***** /litsui Eng&Sbldg ..338.00 -9.00 ***** /litsuiOsk Lines ...1371.00 4.00 8263 lippon Express 579.00 -11.00 3650 lipponYusen 988.00 -11.00 3938
      40 words
    • 503 20  -  VINCENT WEE PSA International, PSA Singapore Terminals, Port of Singapore honoured at ceremony By THE central role Singapore plays in the global transport and logistics sphere was re-affirmed once again at yesterday's 22nd Asian Freight and Supply Chain Awards (AFSCA) when the island's main maritime
      503 words
    • 296 20 Taisun will help cut costs of building rigs and FPSO vessels By VINCENT WEE YANTAI Raffles Shipyard has added significantly to its capabilities with the christening of a new US$4O million fixed dual beam gantry crane with a lifting capacity of 20,000
      296 words
    • 607 20  -  DAVID HUGHES STRAIT TALK By REPORTS are still coming in but it appears that as the 264,567 dwt Japa-nese-flag VLCC Takayama was sailing in ballast through the Gulf of Aden, it came under heavy attack from pirates armed with not only small arms but also
      607 words
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  • EDOTPROA; & OPINION
    • 474 21 ECONOMISTS read in the Monetary Authority of Singapore's (MAS) surprise decision two weeks ago to strengthen the Sing dollar an indication that inflationary concerns loomed large over downside growth risks, even as the global outlook grows cloudy with recession in the air. While the Singapore
      474 words
    • 1114 21  -  GERARD LYONS IMF's global measure shows the rates have been relatively good in recent years By IS INFLATION a problem? This is one of the key global issues at the moment. In recent years the world economy has boomed, but that boom
      AFP  -  1,114 words
    • 780 21  -  FRANK CHING THE BOTTOM LINE EVER since the Tiananmen Square military crackdown of 1989, China has become an issue in domestic American politics, usually with the party in power either Republican or Democratic being attacked by the opposition party for
      780 words
    • 1191 22  -  THOMAS S MULLIGAN ■LATWP He is now tagged as Mr Bubble, his loose-money policies and lax regulation blamed for the credit crisis By ALAN Greenspan retired in January 2006 as one of history's most lauded Federal Reserve Board chairmen, the subject of accolades that
      ■LATWP; FILE PHOTO  -  1,191 words
    • 785 22  -  ANDY MUKHERJEE ONE of the key planks in China's strategy to deal with food inflation is to boost the supply of hogs and contain the runaway increase in pork prices. One can't be sanguine that the authorities will emerge victorious in this
      AFP  -  785 words


  • SINGAPORE STOCKS
    • 8725 23 Transaction date: Apr 22 52-wks Tel |h Low Code Last Sale Vol ('000) Hi i Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii Coi 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond
      8,725 words
    • 62 23 _Hm Low Code Comi Sale COOP) _Hm Low Bui Seller C'vr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 US200xd US6200 US1000 US***** 250 60 100 100 ***** ***** 6170 SPDRS 398.3 288
      62 words
    • 1932 23 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote Div GrYld Net MCap ih Low Buyer Seller C'vr P/E $mil Comi JiL 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
      1,932 words
    • 215 23 52-Wk Tel High Low Code Last Sale Vol Cooo] Day |h Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com| lam Hii 139 63 6000 AVJennings 21.5 5.5 6134 Over&Gen 60.5 17.5 6017 StarCruises 320 199 6019 TanChonglnt A70.5 A10 IIS19.5 -0.5 IIK240xd -2
      215 words
  • Page 23 Advertisements
    • 26 23 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB& ijtejj H 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. f^^^^^B
      26 words

  • FINANCE & COMMODITIES
    • 372 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Apr 21 World Index Preliminary 1043.6 0.0 -7.8 -0.1 -10.7 0.4 -5.I EAFE Preliminai 998.6 0.3 -10.9 0.7 -10.7 1.1 -5.I Euro[ Prelim inan 1374.9
      372 words
    • 62 24 Apr 22 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position May 08 3449 Jun 08 3415 Jul 08 3409 Aug 08 3402 Total o/p: ***** contracts 3454 3488 3443 3445 3510 3415 3440 3507 3440 3445 3502 3405 Turnover: 9222 lots Market
      62 words
    • 24 24 Apr 22 ten Hji Sett STI SIMSCI A| 390.5 397.2 396.4 Taiwan 348.5 349.8 348 Source: MF Global (S) He. Ltd
      24 words
    • 21 24 Apr 22 Bid Offer 1-month 1.3485 1.3498 2-months 1.3465 1.348 3-months 1.3453 1.3468 6-months 1.3408 1.3424 Source: OCBC
      21 words
    • 154 24 Apr 22 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2738 1.2752 0.9428 0.9430 Canadian dollar 1.3409 1.3425 0.9925 0.9928 Euro 2.1476 2.1499 1.5895 1.5898 NZ dollar 1.0730 1.0744 0.7942 0.7945 Sterlini md 2.6723 2.6753 1.9779 1.978! US dollar 1.3511 1.3523
      154 words
    • 359 24 Apr 22 EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.110 97.130 97.050 97.040 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES Jun08 99.165 99.165 Sep08 99.170 99.170 Dec08 99.135 99.155B Mar09 99.150 99.155 Jun09 99.100 99.100 Sep09 99.105 99.105 Dec09 99.050 99.055B Mar10 98.990 98.995B 99.150
      359 words
    • 289 24 Apr 22 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 387.00 383.75 377.50 377.50 375.75 375.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      289 words
    • 131 24 As at 9am Apr 22 Singapore dollars to one unit of foreign currency: Currencies Bid it Offer Aust dollar 1.2680 1.2830 Can dollar 1.3370 1.3530 Euro 2.1400 2.1640 NZ dollar 1.0660 1.0890 Sterlini md 2.6670 2.6961 US dollar 1.3450 1.3600 Local dollars to 100 units of
      131 words
    • 157 24 Apr 22 fer Overnight 1/8 1 -month 1 2-months 1 1/8 3-months 1 1/4 Overnight mode: 1/16 US$ Offer 1/16 7/8 1 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.85 3.05 3.05 3.05 3.15 3.20 3.25 Offer
      157 words
    • 1797 24 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 2036 Advance SCT Ltd W*****9 4 1 17 1 87 176 8.25 28 9092 Asia Environment W*****4 13.5 -2.5 49 1 38 4 3.67 16 2878 Aztech Systems W*****6
      1,797 words
    • 446 24 Apr 22 Australia 0.950 6.590 0.593 7.350 37.664 86.676 0.973 9.419 2.962 1.187 60.350 39.545 1.275 7.308 0.953 28.551 29.673 0.477 0.943 Canada 1.053 6.937 0.624 7.738 39.650 91.245 1.024 9.916 3.118 1.250 63.532 41.630 1.342 7.693 1.003 30.056 31.237 0.502 0.993 China 0.152 0.144 0.090 1.115
      446 words
    • 137 24 Apr 22 GOLD (USS/oz) ir22 Ai ir21 Hong Kong London 919.00 919.00 920.00 920.00 Apr 18 Apr 21 913.90 914.50 914.90 915.50 Source: Reuters CAST BAR M) Apr 22 Buying Sellim Kilobar "42,788.23" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm 10gm 20gm 50gm lOOgm 1 oz
      137 words
    • 75 24 Apr 22 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 3.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      75 words
    • 88 24 Apr 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQOBII6V 24.07.08 0.67 0.63 0.62 1-Year BYO7IOIA 29.09.08 0.79 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 2.625 01.04.2010 103.46 103.53 103.49 5-Year NSOBIOOV 1.625 01.04.2013 99.59
      88 words
    • 70 24 Apr 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2992.50 3028.50 3 months 3040.00 3075.00 Copper, Grade A (US$/tonne) Cash 3 months 8610.50 8520.00 8664.00 8570.00 Lead (US$/tonne) Cash 2758.00 3 months 2770.00 2823.00 2835.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 104 24 Apr 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 08 1315.50 1361.50 1337.00 1291.50 Jul 08 1330.50 1377.00 1355.00 1307.00 Aug 08 1320.50 1367.00 1340.00 1305.00 Sep 08 1280.50 1325.00 1283.00 1283.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 58.99 60.98 59.85
      104 words
    • 82 24 Apr 21 (£/tonne) Close Prev Hii ih/Low May 08 1449 1429 1492/1420 Jul 08 1479 1456 1520/1440 Sep 08 1411 1388 1447/1373 Dec 08 1391 1363 1422/1369 COFFEE (US$/tonne) Close Pev High/Low May 08 2231 2262 2290/2227 Jul 08 2270 2299 2330/2265 Sep 08 2274 2303 2324/2267 Nov 08
      82 words
    • 75 24 CRUDE OIL PRODUCTS Apr 21 USS/barrel Close Cham Brent blend (1 -Mth F) 113.19 0.29 WTI (Near Mth) 117.61 0.81 Dubai (1 -Mth F) 107.92 2.05 Tapis blend 120.55 2.35 Minas 112.8 2.3 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 105.38 143.80 1.43 3.4 USS/barrel Opec Oil Basket
      75 words
  • Page 24 Advertisements

  • Page 25 Advertisements
    • 2978 25 m THE BUSINESS TIMES Shipping Times KPI 11 WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R ff^H^rl W Km M&ii'VEVkltfflmWiM I%T\.m\ imam uai iimfc TEL *****58 .8 <14H NES>. fa*:*****163 ™^L^4j *ll^^^^^"H WBEffWffipWW I NH Vt/\ll Flrtl LlllEj PKL nL: {03) *****888 FAX: <03| *****288 PEN TEL: (C 4) *****00 FAX: (04)*****99
      2,978 words

  • Page 26 Advertisements
    • 164 26 Introducing Office@Sea the only global maritime communications solution on a private network. Keep your information secure and improve your business with SingTel's Office@Sea Asia's first comprehensive maritime communications solution Office@Sea offers data transfers via a private network, ensuring sensitive business information is sent on a secure pathway, giving you high-speed
      164 words

  • Page 27 Advertisements
    • 3393 27 RICKMERS-LINIE to****** Hf^T EASTERN CAR LINER. LTD I fl) £J®3Sl^ Regular Breakßulk/Project/SOC Conventional Services website: www.rickmers.com I 111 Mm I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I mca Cp rv i r p I \t WbbKLY bAmboo oAILINu oUnbUULb a,- Ia I z I MTI zI z
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  • Page 28 Advertisements
    • 4516 28 K39 H 19 H 19 H lIS andersen. *1:6562e:55:1 Fiji glorynavigation briiiipl H3'^H%dfl tvU Rsfl E__i shipping company/ 70 Shenton Way, #21-03 Marina House Singapore *****8 VSA atUII ™n»™n ■MM UltUUr MIMIi^HPMHMMiWWI^MWi |MiPi WM north west express line fc&ai-tJßWMitra^* MSMtfgjl MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL
      4,516 words

  • MOTORING
    • 607 29  -  SAMUEL EE Hong Seh Trading is the official Spore representative for Riva yachts By FERRARI and Maserati distributor Hong Sell is expanding aggressively from cars to bikes and boats. Hong Sell Trading, part of the Hong Sell group of companies, is now the
      607 words
    • 616 29  -  SAMUEL EE By PARALLEL imports (Pis) continued to race ahead in the first quarter of this year. And the most popular PI brand is now Honda, not Toyota. Between January and March, the 100 or so PI retailers here sold 5,669
      616 words
  • Page 29 Advertisements
    • 37 29 \\J JIVI IVIU I\Jt\ 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.
      37 words

  • EXECUTIVE MONEY
    • 1150 30  -  BEN FOX They may be lucrative but disruptions in financial markets and movements in exchange rates could result in financial loss ITH current interest rates for the Singapore dollar at a low, many investors are flocking to financial institutions that offer attractive rates for foreign currency
      FILE PHOTO  -  1,150 words
    • 1019 30 -NYT [NEW YORK] Stock traders love companies that beat Wall Street's earnings estimates. When a company manages this feat quarter after quarter, it often attracts a following that counts on it for a spike in share price every three months. But
      -NYT; AFP  -  1,019 words
    • 1664 31 Three of four fund managers and analysts polled also paint bullish picture for Asia and emerging markets, reports GENEVIEVE CUA V ILL it be a severe recession for the US or a relatively mild one? To what extent would Asia and the emerging markets
      REUTERS  -  1,664 words
  • Page 30 Advertisements

  • Page 31 Advertisements
    • 35 31 I W® MARKETS Published and printed by Singapore Press Holdings Limited, 2 Jurong Port Road, Singapore *****8. Co. Regn. No. *****2868 E. A member of MCS Circulation Audit. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
      35 words
  • Page 31 Miscellaneous