The Business Times, 3 June 2009

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Total Pages: 28
1 28 The Business Times
  • 19 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|sl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE mica(p) 197/08/2008 Wednesday, June 3,2009
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  • 806 1  -  VINCENT WEE i a mi^ JAMIE LEE It's the sixth Temasek-linked company to take the rights route this year as it changes course from its earlier stance By and [SINGAPORE] Neptune Orient Lines (NOL) yesterday announced plans to raise some $1.44 billion
    806 words
  • 847 1  -  KALPANA RASHIWALA Their purchases of private homes have picked up and the trend could continue By [SINGAPORE] After a nervous lull, foreign buyers are property-hunting again. Their private home purchases in Singapore have begun to recover after bottoming out in Q4 last year, according to
    847 words
  • MARKETS DIGEST
    • 49 1 Tuesi layCI lange KL COMP 1,063.62 +1.82 NIKKEI 225 9,704.31 +26.56 HANG SENG 18,389.08 -499.51 SET INDEX 574.30 -5.68 JAKARTA COMP 1,998.64 +0.06 MANILA COMP 2,490.42 +31.77 SEOUL COMP 1,412.85 -2.25 SHENZHENB 446.44 +3.62 MUMBAI IND 14,874.91 +34.28 12 noon EDT Cham DOW 8,727.71 +6.27 NASDAQ 1,832.54 +3.86
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    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.403 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source: I
      Bloomberg  -  30 words
    • 48 1 US$ (S$ per US$) 1.442 (US$/S$ ier 1.640 2.366 EURO (US$/S$/E) 1.413 2.038 Forei' in curreno ier US$ 1$ YEN 96.50 66.90 RM 3.493 2.421 HK$ 7.753 5.375 BAHT 34.16 23.68 RUPIAH 10,270 7,120 RENMINBI 6.831 4.736 INDIAN RUPEE 47.20 32.72 A$ 1.237 0.858 NZ$ 1.547 1.072
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 44 1 RESHAPING GM WL{f^^^% NOT WANTED S'POREARTS U fflH EXECUTIVE Tough driving out GM, Citi kicked out FESTIVAL T^ MONEY of trouble mt^ r of Dow average The beauty of poetry W*rgsA Commodities take PAGE 20 IkSk PAGES 13,21 PAGE 15 Centiestage PAGE 28 —ilSr
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  • TOP STORIES
    • 604 2  -  PAULINE NG Stakeholders assured regional ops will be big part of 'New GM' By in Kuala Lumpur FALLEN American auto giant General Motors Corporation (GMC) yesterday reassured its Asia-Pacific stakeholders that its regional operations are excluded from its bankruptcy filing in the
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    • 515 2  -  WINSTON CHAI By [SINGAPORE] Singapore's entrepreneurship drive may have finally taken root in all things digital. While the local expansion of foreign multinationals such as Electronic Arts and Lucasfilm tend to hog the headlines, a new market study shows the country's nascent interactive
      PHOTO: MDA  -  515 words
    • 301 2 -AP LATEST US DATA [WASHINGTON] The number of US homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in nearly eight years, a sign that sales are finally coming to life after a long and painful
      -AP  -  301 words
    • THREE-MINUTE DIGEST
      • 71 2 NEPTUNE Orient Lines announced plans to raise some $1.44 billion through a rights issue yesterday, reversing course from its earlier stance that no such proposal was on the cards. The three-for-four rights issue at $1.30 apiece a 15 per cent discount to
        71 words
      • 51 2 AFTER a nervous lull, foreign buyers are property-hunting again. Their private home purchases in Singapore have begun to recover after bottoming out in Q4 last year, according to the latest analysis of caveats by property consultancy DTZ. The momentum is expected to continue. FRONT
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      • 39 2 GENERAL Motors Corporation yesterday reassured its Asia-Pacific stakeholders that its regional operations are excluded from its bankruptcy filing in the US on Monday and are expected to carry on as usual.
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      • 50 2 ABU Dhabi sold more than 11 per cent of Barclays, making US$2.5 billion from an investment that helped the British bank through the financial crisis and raising fears more may cash in on a recent rally in bank shares. TOP STORIES, PAGE 3
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      • 47 2 TEMASEK could trim its stakes in "non-strategic Singapore holdings" over time, and reduce its exposure to banks, reallocating assets to "under-represented" energy, natural resources, and consumer sectors, analysts from Nomura Singapore say in a 100-page strategy report released yesterday. COMPANY NEWS, PAGE 4
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      • 86 2 OLAM International jumped as much as 10 per cent yesterday as analysts upgraded the stock and dramatically revised their target prices. This followed an 11 per cent gain on Monday after the commodities supplier said it was placing out a 13.8 per cent stake to
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      • 69 2 ADVANCE SCT's non-executive chairman Kevin Yap Foo Seong and independent director Ng Lai Teck, both of whom joined the board just months ago, have called it quits. The company had disclosed over the weekend that a specific review probe by Ernst Young Advisory Services
        69 words
      • 93 2 PRIME street-front retail rents in most cities worldwide shrank by double digits and in some cases, as much as half over the past 12 months as consumers cut back on spending, according to a survey released yesterday. Singapore's Orchard Road remained the 28th
        93 words
      • 67 2 ASIA-PACIFIC sovereign wealth funds are now diversifying into the riskier arena of distressed asset investments. From non-performing loans in South Korea to busted US property projects, distressed assets are piling up globally and the sovereign funds are looking to swoop in at a time when
        67 words
    • 493 2  -  KALPANA RASHIWALA Indonesians' share of Q1 buys slips; Malaysians are biggest buyers By [SINGAPORE] Mainland Chinese were the second largest group of overseas buyers of private homes in Singapore in the first three months of this year. They accounted for 18 per
      493 words
    • 522 3  -  JAMIE LEE They have raised a staggering $10.5b from rights issues since December By [SINGAPORE] Neptune Orient Lines' (NOL) $1.4 billion rights issue marks the sixth company with Temasek links to take this fundraising route since the start of the year. Including the $4
      BLOOMBERG  -  522 words
    • 459 3  -  SIOW LI SEN HOCK LOCK SIEW By WHAT a difference a few months make. Neptune Orient Lines is now able to raise about US$l billion, four times more than what it was reported to be seeking back in the dark days of early March.
      459 words
    • 475 3 Reuters Move raises fears other big investors may also cash out [LONDON] Abu Dhabi sold more than 11 per cent of Barclays, making US$2.5 billion from an investment that helped the British bank through the financial crisis and raising fears more may cash
      – Reuters  -  475 words
  • Page 2 Advertisements
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      414 words

  • Page 3 Advertisements
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      189 words

  • COMPANY NEWS
    • 747 4  -  TEH SHI NING It may trim stakes in non-strategic Spore firms, move assets to energy, resources By TEMASEK could trim its stakes in "non-strategic Singapore holdings" over time, and reduce its exposure to banks, reallocating assets to "under-represented" energy, natural resources, and consumer sectors, analysts from
      747 words
    • 461 5  -  CHEW XIANG Improved gearing, prospects of earnings-accretive acquisitions cited By OLAM International jumped as much as 10 per cent yesterday as analysts upgraded the stock and dramatically revised their target prices. This followed an 11 per cent gain on Monday after the commodities supplier said
      BLOOMBERG I  -  461 words
    • 481 5  -  LYNETTE KHOO The company's board is now down to four directors By ADVANCE SCT's non-exec-utive chairman Kevin Yap Foo Seong and independent director (ID) Ng Lai Teck, both of whom joined the board just months ago, have called it quits. Both resigned with effect
      481 words
    • 269 5  -  JOYCE HOOI By ON the rough seas of the shipping industry, it is smooth sailing for Chemoil Energy's marine fuel supply service, less than two years after its launch. The bunker supplier said yesterday its offshore marine fuel deliveries in the Gulf of Mexico
      269 words
    • 445 7  -  LYNETTE KHOO Defaults involving USs7.3b in debts suggest worsening of credit quality By CORPORATE defaults in Asia-Pacific this year have hit the 1998 record high, says Standard Poor's (S&P) in its global fixed income research report. In less than six months, a
      445 words
    • 355 7 Reuters It plans to more than double its stores there in 5 yrs SINGAPORE'S OSIM International, which is best known for its massage chairs, plans to more than double its stores in China in five years, helping the firm grow revenues by
      Reuters; I ARTHUR LEE  -  355 words
    • 229 7  -  JOANNE TANG By CATALIST-LISTED communications network specialist and systems integrator Ntegrator International said yesterday it has won four new contracts worth a total of $16.7 million, lifting its order book to $69.9 million. One of the new contracts is from Telekomunikasi Indonesia to support its
      229 words
    • COMPANY BRIEFS
      • 141 7 YELLOW Pages has proposed a renounceable non-underwritten rights-cum-warrants issue of up to 395.16 million rights shares at $0.15 apiece, with up to 158.07 million free warrants. The issue is on the basis of five rights shares with two warrants for every two existing shares held.
        141 words
      • 105 7 STARHILL Global Reit's manager has appointed Savills Japan as the local asset manager of the trust's Japan portfolio, comprising Ebisu Fort, Holon L, Harajyuku Secondo, Roppongi Terzo, Roppongi Primo, Nakamerguro and Daikanyama, all located in prime areas of Tokyo. Savills Japan replaced Futuregement for
        105 words
      • 46 7 PACIFIC Healthcare Holdings yesterday announced plans for a Pacific Cancer Centre, a dedicated comprehensive private cancer hospital in Singapore. It is investing $23 million in equipping and operating the Adam Road centre, which will be ready by 2011.
        46 words
    • 325 7 31 opt for new units in place of cash: FSL Trust FSL Trust Management Pte Ltd (FSLTM), the trustee-manager of First Ship Lease Trust (FSL Trust), yesterday said its distribution reinvestment scheme (DRS) has received stronger than expected support from unitholders. It also affirmed its distribution forecast for the current
      325 words
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      1,603 words
    • 719 4 V**, iTtV^T^T^^T-'O Toll free: 1800-289-8822 w |\l II r^ Email: notices@sPflcom- s Q XA| V^>/ jl_ I V i I i www.cats.com.sg a-ihrus ASCENDAS INDIA TRUST (a business trust constituted on 7 December 2004 under the laws of the Republic of Singapore) MANAGED BY ASCENDAS PROPERTY FUND TRUSTEE PTE. LTD.
      719 words


  • SINGAPORE MARKETS
    • 861 6  -  OH BOON PING CURRENCIES Sing dollar recovers against Japanese currency, up against greenback THE Japanese yen was higher across the board yesterday in Asia, partly driven by speculation that exporters are repatriating their earnings back home. As of yesterday morning, the yen advanced to
      861 words
    • 100 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 10 3 0 0 0 5 10 3 lanufacturing 56 96 52 10 16 63 106 68 Commerce 14 36 23 20 40 30 'pt/Stor/Comms 12 25 12 27 ■inance 16 10 16 10 Construction
      100 words
    • 115 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 37,054 37,054 79,719 79,719 lanufacturing 742,943 176,977 919,920 426,122 6,449 432,571 Commerce 611,460 5,499 616,959 269,999 412 270,410 ■pt/Stor/Comms 404,260 764 405,024 454,639 133 454,772 :inance 53,667 53,667 377,382 377,382 Construction 330,775 4,062 334,837 52,522 190 52,712 ■roperties 205,715
      115 words
    • 37 6 la pita Land 3.990 -0.020 .apr Jev" lornl For! iro .osco .orp mp ien' Ung len Ism line )p~el .orp Noble Grp 1.770 +0.070 :ngg :ngg >efrfl .orp >eml TaF >ing I mar
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    • 186 6  -  JOYCE HOOI Willas-Array Electronics June 2 close: $0.11 OCBC INVESTMENT RESEARCH, June 2 WILLAS-ARRAY Electronics (WAE) recently posted a FY2009 loss amid a difficult business environment. For FY2009, we note that WAE was also impacted by higher provisions of bad debt, forex losses, and margin erosion. As such,
      186 words
    • 545 6  -  YEN SREENIVASAN STOCKS IT WAS a day of two halves, as stocks opened strongly following a positive overnight close on Wall Street and across Asia, only to give up much of their gains during the afternoon session as market players decided to lock in
      545 words
    • 82 6 iere! S$ stands Jun 2 CHNG CLOSE FRJun 1 YR2009 S$ LOW S$ HIGH USS 1.4378 -0.10 1.5579 1.4308 Euro 2.0515 -0.36 2.0732 1.9150 Pounds 2.3673 -0.52 2.3673# 2.0356 AS 1.1735 -0.57 1.1735# 0.9453 Yen* 1.5071 0.67 1.7278 1.4831 Rupiah* 0.***** 0.14 0.***** 0.***** Baht" 4.2152 -0.02 4.3390 4.1040
      82 words
    • 60 6 Jun 2 VALUE CLOSE BT OB/OS 851.00-440.00 BT CADI -*****.00-132.00 BT 10-day MA -*****.00+85.00 FTSE ST Mid Cap 548.80 +0.78 FTSE ST Small Cap 461.34 -8.74 FTSE ST All Share 583.18 -1.22 FTSE ST China Top 250.03 -1.59 FTSE ST China 246.95 -0.94 UOB Catalist 101.61 -0.41
      60 words
    • 58 6 VOLUME Abterra 264,293,000 UniFiber 194,937,000 Gentinq SP 109,948,000 AusGroup 109,930,000 Golden Agri 102,811,000 Lexicon Grp 81,844,000 China Honqxinq 74,934,000 Healthway 74,734,000 Marco Polo 73,446,000 Cosco Corp 66,101,000 VALUE(S) DBS Grp 160,776,946 Capita Land 120,218,366 NOL 107,604,988 Noble Grp 103,043,180 Cosco Corp 92,410,000 Gentinq SP 79,928,215 Wilmar 77,499,430
      58 words
    • 105 6 CLOSE UP iBXT FTVietnam 10US$ 4460 213.4 3.4 ICBC Bk4.5%NCPS 100 9200 196.0 2., ;txpo ioo 1650 88.0 5.' IQB 5.05%NCPS 100 9770 70.0 0. ICBCCai 5.1%NCPS 100 9200 54.0 0.' :iMBAsean40 100US$ 642 33.2 3. fxor Emen |Mkts 1 815 31.7 2. iBS Gr| 1238 28.0 2. Thailand
      105 words
    • 114 6 CLOSE DOWN LD 10US$ 9543-177.3 -1.3 ISH 1364-124.0 -5.9 IMH 2590 -95.2 -2.5 DBXT S&P Short 10US$ 6700 -83.6 -0.9 China H 10US$ 1380 -66.3 -3.2 lardine C&C 1656 -60.0 -3.5 "hai Prime Fd 380 -28.8 -5.0 ire Land 538 -20.0 -3.6 UOB.ES.0906 1436 -20.0 -1.4 'enture Con 671
      114 words
  • Page 6 Advertisements
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      218 words


  • SINGAPORE NEWS
    • 700 8  -  CHUANG PECK MING ASEAN-SOUTH KOREA SUMMIT He urges leaders to work together regionally and internationally Reports by in Jeju, South Korea PRIME Minister Lee Hsien Loong yesterday urged leaders at the Asean-South Korea Commemorative Summit to press on with reforms and consolidation in the
      WOO FOOK LEONG/LIANHE ZAOBAO  -  700 words
    • 337 8 THE signing of the Asean-Korea Investment Agreement yesterday marks a high in economic ties between Asean and South Korea, says Singapore's Ministry of Trade and Industry (MTI). With the final key element in the bag, the AseanKorea Free Trade Agreement (FTA) signed earlier is now
      337 words
    • 439 8  -  LEE U-WEN By CONFIDENCE, compartments, compassion and company: These are the 4 'C's that Education Minister Ng Eng Hen hopes all young people will possess as they ready themselves for life at university. Having these qualities is all the more important for today's
      439 words
    • 488 8  -  CONRAD TAN By MERRILL Lynch, fresh from its takeover by Bank of America, plans to aggressively grow its wealth management business in Singapore and the rest of Asia, its new global wealth management head Dan Sontag said yesterday. "There's opportunity to gain market share
      488 words
    • 307 8  -  EMILYN YAP People here worried about their financial situation: Aviva poll By MANY people in Singapore have big dreams for their future but not many are confident of realising them, according to a recent survey commissioned by insurance group Aviva. Conducted last month among
      307 words
    • 363 8  -  RONNIE LIM Electricity prices likely to go up in line with crude oil By THE latest May electricity figures confirm an up tick in demand that began to emerge in March and April. But with oil prices also rising New York benchmark crude
      363 words
    • 188 8 NATIONAL Development Minister Mali Bow Tan and Senior Minister of State for National Development and Education Grace Fu are visiting the Chinese city of Tianjin from yesterday until tomorrow. With China's Housing and Urban-Rural Development Minister Jiang Weixin, they will review progress on the
      188 words
    • 503 9  -  UMA SHANKARI Orchard Road still 28th costliest; most cities see double digit drop: Colliers By PRIME street-front retail rents in most cities worldwide shrank by double digits and in some cases, as much as half- over the past 12 months as consumers cut
      503 words
    • 472 9  -  EMILYN YAP PROPERTY Land can yield 450 rooms, 33,906 sq ft commercial space By THE Urban Redevelopment Authority (URA) yesterday released a hotel site along Kallang River for application through the reserve list. The first sale site in the new Kallang Riverside growth
      472 words
    • 222 9  -  UMA SHANKARI By THE Housing Development Board yesterday launched a 700-unit project at Sengkang for sale under its build-to-order (BTO) system. Fernvale Crest, at the junction of Jalan Kayu and Sengkang West Way, comprises 140 two-room flats, 372 three-room flats and 188 four-room units.
      222 words
    • 280 9  -  CHEW XIANG By SINGAPORE'S manufacturing sector is showing signs of bottoming out. The leading purchasing managers index (PMI) for last month rose two points to 51.2, the first expansion after eight months of contractions. The Singapore Institute of Purchasing Materials Management (SIPMM) said yesterday that
      280 words
    • 427 9  -  VINCENT WEE 4 students to take part in Volvo Ocean Race activities in Ireland By CULTURAL, educational and business ties between Singapore and Ireland will get an unconventional boost from a new initiative, "Crossing waters, crossing cultures", which will send four Temasek Polytechnic
      427 words
    • 142 9 NANYANG Technological University (NTU) has appointed Chew Kheng Chuan as its chief university advancement officer, a newly created post to spearhead the university's development initiatives, strengthen engagement with alumni and donors, and oversee corporate communications. Mr Chew will report directly to NTU president Su
      142 words
    • 259 9  -  TEH SHI NING By ACCOUNTANTS are less pessimistic about the economy now than they were in the first quarter of the year, a survey by the Institute of Certified Public Accountants (ICPAS) has found. Of the 702 accountants who took part in an online survey in early
      259 words
    • SINGAPORE ROUNDUP
      • 50 9 INTERNATIONAL public relations firm Edelman has named former US ambassador to Singapore Frank Lavin the chairman of Edelman Asia-Pacific's public affairs practice. Mr Lavin, who was involved in negotiating the free trade agreement between the US and Singapore, will provide strategic advice to clients.
        50 words
      • 39 9 THE world's first cervical cancer vaccine, Gardasil, by Merck Sharp Dohme (MSD), has been awarded World Health Organisation pre-qualification. It can now be used by various United Nations agencies in national immunisation programmes.
        39 words
      • 86 9 SINGAPORE has confirmed its eighth case of Influenza A(HINI-2OO9). The patient is a 15-year-old Singaporean male who has been studying in India. He travelled from India to Orlando and Atlanta on a school trip from May 17 to May 31. He returned to Singapore
        86 words
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    • 389 8 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF QYC FINANCIAL PLANNINO. PTE LTD (Company No: *****3363N) (In Members' Voluntary Winding Up) By way of Shareholders' Written Resolution dated 1 st June 2009 the Special Resolutions set out below were
      389 words

  • Page 9 Advertisements
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      12 words
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      917 words

  • ECONOMY WATCH
    • 817 10 -NYT Affected financial services industries lobbying fiercely [WASHINGTON] Washington is asking some painful questions about how to prevent the next financial melt-down. Should it reinvent the Federal Deposit Insurance Corp? Abolish the seemingly feckless overseer of savings and loans? Grant new powers to
      -NYT; PHOTOS: BLOOMBERG, REUTERS  -  817 words
    • 497 10 Reuters Manufacturers expect output to show 8% jump in May and 2.7% in June: govt survey [TOKYO] Japan's worst post-war recession has already hit bottom but a full recovery may not come until early next year, Finance Minister Kaoru Yosano
      – Reuters; REUTERS  -  497 words
    • 447 10 -NYT [NEW YORK] Since the government pressed billions of dollars in taxpayer support on the US banks, several strong institutions have been pushing to give it back. Now a few of them may get the go-ahead next week a crucial
      -NYT  -  447 words
    • 417 10 Reuters Figure rises to 9.2% with 14.579 million people out of work [BRUSSELS] Euro zone unemployment jumped in April to its highest level in nearly 10 years, data showed yesterday, boding ill for any quick recovery from the worst economic recession since
      – Reuters  -  417 words
    • 278 10 Bloomberg [SYDNEY] Australia's cur-rent-account deficit narrowed in the first quarter as agricultural exports rose and imports declined. The shortfall on goods, services and investment shrank to A 54.61 billion (555.4 billion) from a revised A 56.36 billion in the fourth quarter, the Bureau of
      – Bloomberg  -  278 words

  • MALAYSIA
    • 374 11 OSK Research report says that officials had been pitching relisting exercise [KUALA LUMPUR] Maxis Communications Bhd, a mobile phone operator taken private by its owners in mid-2007, has shot down market talk that it is eyeing a relisting through Astro All Asia Networks
      374 words
    • 247 11 -AFP [WELLINGTON] New Zealand and Malaysia have established a free trade agreement (FTA), New Zealand Trade Minister Tim Groser said yesterday. Mr Groser said that negotiations for the deal had been finalised after negotiations in Kuala Lumpur. "This FTA is great news
      -AFP  -  247 words
    • 421 11 Reuters Any upturn will only come in the second half, say economists [KUALA LUMPUR] Malaysia's April exports are set to fall at a faster pace than in March on an annual basis, and any upturn for Asia's third most trade dependent economy will
      – Reuters; BLOOMBERG  -  421 words
  • Page 11 Advertisements
    • 105 11 I H 50 Enterprising Stars Will Shine This Year Submit Your Entry For The E5O Awards Now ENTERPRISE If you are a home-grown, privately-owned business with three years of audited statements, and have achieved excellent results despite the current economic climate, submit your entry for the 2009 Enterprise I M
      105 words

  • GREATER CHINA/INDIA
    • 990 12 Reuters Washington committed to keeping dollar strong and inflation low, he says [BEIJING] Chinese officials are giving US efforts to pump up its ailing economy a vote of confidence and understand why higher budget deficits are a temporary necessity, US Treasury Secretary Timothy Geithner
      – Reuters; AFP  -  990 words
    • 728 12 Bloomberg, Reuters [SHANGHAI] China, the world's second-biggest energy consumer, will spend about 100 billion yuan (5521.2 billion) to more than double its wind power capacity by 2010 from last year, a government official said. The country's wind power capacity will rise to
      – Bloomberg, Reuters; BLOOMBERG  -  728 words
    • 275 12 Reuters Two lenders get nod to buy stakes in trial programme: report [BEIJING] China's banking regulator has given two lenders the green light to buy into insurance companies, marking a key step towards universal banking, the influential Caijing magazine reported on its website yesterday.
      – Reuters  -  275 words
    • 405 12 Bloomberg [SINGAPORE] Bonds sold by Indian gov-ernment-backed companies are where investors looking for yields of as much as 10 per cent should put their money, according to HSBC Holdings pic. "It's a function of your time horizon and risk tolerance, but if you can
      – Bloomberg  -  405 words
    • 157 12 -Reuters [LONDON] Chinese banks are shunning investments in western banks because they have doubts about their financial health, the chairman of China Construction Bank (CCB)told the Financial Times. Guo Shuqing said Chinese banks were also being put off by a lack of
      -Reuters  -  157 words

  • ASIA-PACIFIC/WORLD
    • 403 13 Reuters [BONN] Rich and poor countries criticised a first draft text of a new United Nations climate treaty on Monday but grudgingly accepted it as the basis for six months of arduous negotiations. "We have some dismay about the way it
      Reuters  -  403 words
    • 711 13 Reuters This after big losses from investing in large Western financial institutions [HONG KONG] Asia-Pacific sovereign wealth funds (SWFs) are now diversifying into the riskier arena of distressed asset investments. From non-performing loans in South Korea to busted US property projects, distressed assets are piling
      – Reuters  -  711 words
    • 538 13 Reuters [LOS ANGELES] Microsoft Corp on Monday offered a glimpse into a future where the Xbox 360 console is the centrepiece of any living room, and games, social interaction and communications are controlled with the wave of a hand. At a star-studded
      – Reuters; REUTERS  -  538 words
    • 523 13 Reuters [NEW YORK] General Motors (GM) and Citigroup were kicked out of the closely watched Dow Jones industrial average on Monday, marking a historic fall from grace for two once venerable American corporations. In a widely anticipated move, Dow Jones Co said technology
      – Reuters  -  523 words
    • 279 13 -Reuters [SEOUL] South Korean media reports yesterday said North Korean leader Kirn Jong-il has anointed his youngest son to continue the family dynasty that has ruled the impoverished communist state since it was founded. Speculation over the succession has grown after reports that Mr
      -Reuters  -  279 words
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  • RESHAPING GM
    • 893 14 LAT-WP The carmaker will stick with the GMC, Chevrolet Cadillac, and Buick brands [LOS ANGELES] General Motors (GM) hopes to emerge from bankruptcy as a leaner, greener company armed with a line-up of vehicles that can compete with a growing roster of global rivals.
      – LAT-WP; AP  -  893 words
    • 918 14 -NYT [WASHINGTON] President Barack Obama boiled down his three goals as the reluctant majority shareholder of General Motors this way: "To get GM back on its feet, take a hands-off approach, and get out quickly." If only it was that easy.
      -NYT; : AP Graphics  -  918 words
    • 412 14 -AFP [CHICAGO] Gadfly filmmaker Michael Moore said on Monday that his pioneering 1989 movie Roger Me foretold the demise of auto giant General Motors (GM). It collapsed, he said, because of company ineptitude and disregard for its workers. Having railed for two decades
      -AFP  -  412 words

  • SINGAPORE ARTS FESTIVAL 2009
    • 522 15 The Crab Flower Club is inspired by the poems in the 18th century Chinese literary classic, Dream of the Red Chamber, says CHEAH UI-HOON FEMINISM and the art of cooking crabs come together in uneasy but poetic harmony in The Crab Flower Club,
      522 words
    • 476 15  -  UMA SHANKARI By I LIFE and its accompanying pathos and joy is the overriding theme linking the two dance works presented by Swedish company Cullberg Ballet this weekend. In the 45-minute As If choreographer Johan Inger explores the circle of life. The
      476 words
    • 345 15  -  AMANDA DE GUZMAN By DESPITE the economic recession, this year's Singapore Arts Festival has seen the highest number of total sponsors and new sponsors in the last three years. "The arts have a firm and clear position in the corporate philosophy of companies in Singapore,"
      345 words
  • Page 15 Advertisements
    • 159 15 MR ifwf\ Hi r'T\l IE "pi1 ■^PWT V^— l-V-4— i-rTfl copyfromany H^Cjl W ?l 1 T lj^ c,,,».«— Spinelli outlet at W WF*^ $5.50 and get a |.^^C^^ 1 I complimentary ■vflM^B^ llfflS Spin or Latte! IkSt V CHALLENGES AND OPPORTUNITIES fc, v^~ The June issue of Pulses is out!
      159 words

  • TransportHUB
    • 1108 16 LAT-WP Main contract for the USss.2b project expected to be awarded this month [PANAMA CITY] The economic downturn has stalled big construction projects across the globe, but in Panama, smoke-belching steam shovels and dredges work around the clock on what people here call
      LAT-WP; AP  -  1,108 words
    • 282 16  -  VINCENT WEE Crew of bulk carrier Garnet not hurt in incident By [SINGAPORE] Pirates have struck again in the outside port limits (OPL) anchorage off Tanjung Ramunia and Tanjung Ayam on the south-east coast of Johor, with the Panama-regis-tered bulk carrier
      282 words
    • 225 16 [SINGAPORE] Keppel Shipyard, a part of Keppel Offshore Marine (O&M), will build a training complex to help its 14,000 workers stay safer on the job. The plan was unveiled at the launch of Keppel Group's "Safety starts with me together we care" campaign yesterday. The
      225 words
    • 532 16 Deeming such issues a priority, it adopts practical methods with its partners THE maritime community as a whole has been responsive to environmental challenges. Businesses, maritime administrations and intergovernmental bodies such as the International Maritime Organisation (IMO) have rallied to ensure the
      532 words
    • 273 16 Reuters [NUSA DUA, Indonesia] Vessel queues at Australia's Newcastle port, the world's largest coal export terminal, jumped to a six-month high of above 40 in the latest week, as recent weather-related disruptions cause a backlog of ships to build up. Data from the
      – Reuters  -  273 words
    • SHIPPING
      • 864 17  -  DAVID HUGHES STRAIT TALK By LAST week, I drew attention to a number of consequences of the current downturn. There was an obvious one that I didn't mention. To the outsider, shipping seems an arcane industry with strange ways of going about its business. There is,
        864 words
      • 403 17 Bloomberg Analysts cite rise in demand for raw materials, Chinese iron ore imports [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, climbed for a 21st session in London trading, buoyed by Chinese raw materials demand. The index tracking
        Bloomberg; FILE PHOTO  -  403 words
      • 739 17 Serious navigational accidents increasing over past six years UPDATED figures from DNV for 2008 show that losses from navigational accidents within the shipping industry are continuing to increase, a statistic corroborated by insurance firms. DNV monitors the annual frequency of serious accidents. Over the
        739 words
      • TRANSPORT STOCKS
        • 102 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.53 0.25 1.36 0.51 1.36 0.58 0.06 0.48
          102 words
        • 36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.83 8.50 8.45 3.34 2.72 0.03 0.10 0.02 unch -0.05 0.04 -0.08 unch -0.01 310 217 966 366 6 25 5597
          36 words
        • 12 17 ■oo 'recious Ship Regional Cont 17.50 ...8.45 -0.40 ***** -0.40 4699
          12 words
        • 6 17 '000 toil .32.80 -0.45 2106
          6 words
        • 17 17 '000 Aboitiz Equity Intl Container Keppel Marine 6.20 16.75 unch 0.20 unch unch 711 3315 0
          17 words
        • 24 17 lun Evergreen Marine ...20.30 :irst Steamship 50.60 /Van Hai Lines 18.00 t'ang Ming Marine ..14.30 1.00 -1.80 -0.05 -0.20 41 13 17 48
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        • 37 17 '000 :awasaki Hvy lnd...221.00 6.00 ***** :awasaki Kisen 453.00 -10.00 ***** /litsubishi Hvy 360.00 5.00 ***** /litsui Eng&Sbldg ..230.00 1.00 7633 /litsui Osk Lines ....698.00 -21.00 ***** lippon Express 415.00 -4.00 3490 lipponYusen 471.00 -8.00 *****
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    • AVIATION
      • 409 18  -  S JAYASANKARAN Europe arbitration panel orders airline to pay sum to German cargo firm By in Kuala Lumpur SHARES of Malaysian Airline System (MAS) remained unchanged at RM3.28(551.36) apiece despite news that an arbitration panel in Europe had ordered the airline to pay RM34.7
        BLOOMBERG  -  409 words
      • 112 18 Bloomberg [TOULOUSE, France] Singapore Airlines Ltd, the world's largest airline by market value, began flights to France with its Airbus SAS A3BO, marking the start of the carrier's A3BO service to the country where the world's biggest passenger plane is assembled. SlA's A3BO touched down
        – Bloomberg; AFP  -  112 words
      • 739 18 i ujjiii^ a, 111 -AP, Bloomberg MISSING AIR FRANCE JET No signs of life; investigators ponder what happened [BRASILIA, Brazil] An airplane seat cushion, a life jacket, metallic debris and signs of fuel were found in the middle of the Atlantic Ocean yesterday by
        i ujjiii^ a, 111 -AP, Bloomberg  -  739 words
      • 2601 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), A 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
        2,601 words
      • 558 18 LAT-WP [WASHINGTON] Air travellers are trained to think that planes are stuffed with the latest high-tech aviation gear. But the case of missing Air France Flight 447 is demonstrating technology's limits. From details known so far, the jet had its last contact with Brazil
        – LAT-WP  -  558 words
    • MOTORING/AVIATION
      • 520 19  -  SAMUEL EE The Big Three's market share has dipped from about 60% three years ago By MOTOR insurance premiums in Singapore have soared as much as 40 per cent from a year ago as a result of insurers suffering huge underwriting losses.
        520 words
      • 201 19 -Reuters [PARIS/FRANKFURT] Airbus does not expect big orders at this month's Le Bourget airshow, the plane maker's chief executive officer Thomas Enders was quoted as saying in newspaper interviews published yesterday. Mr Enders told France's business daily Les Echos that Airbus could
        -Reuters  -  201 words
      • 608 19  -  SAMUEL EE Wearnes wants to focus on its other businesses instead By RUMOURS in the market that the Chevrolet dealership was "taken away" from Wearnes, and not that the multi-franchise distributor had "relinquished" it as announced, are not true, said Kittichai Jarusrojpoka, managing director of
        608 words
      • 371 19 Bloomberg [LONDON] Ryanair Holdings Pic, Europe's largest discount carrier, has reported its first annual loss as its fuel bill soared and the airline further wrote down the value of a stake in Irish competitor Aer Lingus Pic. The net loss was 169
        Bloomberg; REUTERS  -  371 words
      • 656 19 Reuters Move comes after Pentagon decides to halt production [WASHINGTON] The Senate Appropriations Committee's defence subcommittee is considering requiring the US Air Force to study the viability of creating an export version of the Lockheed Martin Corp F-22 fighter jet, a source
        – Reuters  -  656 words
      • 385 19 Bloomberg [DALLAS] Continental Airlines and other US carriers may rise in coming weeks as investors bet that the worst unit revenue declines have passed and further reductions in capacity will prop up fares, analysts said. Continental, the fourth-biggest US carrier, said
        – Bloomberg  -  385 words
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  • Page 17 Advertisements
    • 70 17 NO CONSIGNMENT TOO SMALL FOR SHIPMENT. IBW»M*.lglddd[cßiiFßOM DHL Even when your consignment is less than a container, you can ship it anywhere across the world. With LCL Ocean Freight from DHL. What's more, you pay only for the space you use. Add to that DHL's global network systems, first-class IT
      70 words

  • Page 18 Miscellaneous
    • 332 18 CRYPTIC CROSSWORD ACROSS 8 Ruler about to run into dem- r- -—^_-r—^_-r—^_= 10 Sitting somehow in a street 110 f before journey (7) 11 Port being wondrously di--12 Horticulturalist's original bor- I I I I I I B I I I I 13 Elders perhaps giving time to PB WB
      332 words


  • EDITORIAL & OPINION
    • 479 20 Geithner calms Chinese fears for now TIMOTHY Geithner's maiden visit to China as US treasury secretary appears to have, for now, calmed some of the fears surrounding one of the world's most important bilateral economic relationships. However, the Obama administration will have to be seen to deliver on some of
      479 words
    • 1299 20  -  G PANICKER Some feel an effective accord on such a complex issue could be a tall order i ITHIN six months, the world must produce an accord on greenhouse gas emissions. The agreement must ensure that the goals are sustainable and yet meet each nation's
      AFP  -  1,299 words
    • 818 20  -  LEON HADAR THE BOTTOM LINE AFTER buying more than 60 per cent of General Motors (GM), America Inc and the millions of American shareholders (aka taxpayers) are probably not very cheerful owners of a company going through the fourth
      818 words
    • 1341 21  -  TERESA LIM It is one of the most impressive examples of a smarter city that IBM has seen to-date By IN WHAT many are calling the worst of times, let me offer a different perspective. I believe that the current economic crisis represents a once-in-a-life-time opportunity
      THE STRAITS TIMES  -  1,341 words
    • 875 21  -  JOYCE KOH By CITIGROUP'S descent into ignominy was cemented when it was kicked out of America's best-known index and replaced by a former subsidiary on Monday. But its removal from the Dow Jones Industrial Average will likely hit the bank's prestige more than
      AFP  -  875 words
    • 175 21 LETTER TO THE EDITOR I REFER to the letter "Consider setting caps on directorships" (BT, May 28), in which the writer suggested that the Singapore Institute of Directors (SID) should consider recommending limits on directorships. SID has carefully considered its position. While
      175 words


  • SINGAPORE STOCKS
    • 8908 22 Transaction date: Jun 2 Hi! Low Code Com| >ari] Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8.5 1 1100 AEM 23 7 2101 APOil 71.5 26.5 5550 ARA
      8,908 words
    • 1726 23 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 35 05 1501 s Advanced System 105 2 3480 t Adventus 275
      1,726 words
    • 391 23 Wk Tel Low Code Last Sale Vol Cooo] lay Low .ast Quote ver Seller Div C'vr Net P/E Cap imil Hii Com] >am Hii Bu* 109 100 6389 ABFSG Bond ETF 109 unch 934 427 CIMBAsean40 100US$ US642 +23 246 149 DBS STI ETF 100 239 -3 2510
      391 words
    • 263 23 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
      263 words
    • 9263 23 UNIT TRUSTS FUNDS I UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.857/ AIGIF Spore Bond Fund/A 1.256/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.95/ APS Alpha Fund (USD)!** 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5017/
      9,263 words
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    • 17 22 ROYAL OAK OFFSHORE COLLECTION 'S»J*l£^' "^'"^WillT^^^."''- ff WOjjpl.!!jP^ For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com j^^^^^^^^kaß S-—
      17 words


  • FINANCE & COMMODITIES
    • 370 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 1 World Index Preliminan 717.8 2.4 5.9 2.2 8.0 2.5 8.1 EAFE Preliminai 685.7 2.1 5.6 2.0 8.9 2.4 9.0 Euri Preliminan 948.9 2.3
      370 words
    • 131 24 As at 9am Jun2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1530 1.1880 Can dollar 1.3100 1.3260 Euro 2.0270 2.0500 NZ dollar 0.9240 0.9450 iterlini 2.3530 2.3800 US dollar 1.4330 1.4500 Local dollars to 100 units of foreign currency: Currencies
      131 words
    • 169 24 Jun2 fer Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.03 US$ Offer par 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.32 0.42 0.75 0.85 1.10 1.90 2.00 Offer 0.22 0.32 0.45 0.55 0.80
      169 words
    • 18 24 Jun2 ten Hii Sett STI SIMSCI Jun 287.4 291.1 288.1 Taiwan Jun 254.5 258.2 253.5
      18 words
    • 21 24 Jun2 SS Bid Offer 1-month 1.4415 1.4430 2-months 1.4414 1.4430 3-months 1.4413 1.4429 6-months 1.4411 1.4428 Source: OCBC
      21 words
    • 60 24 Jun2 lelivery flonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low lun 09 2694 lul 09 2668 Hug 09 2638 >ep 09 2643 Total o/p: ***** contracts 2645 2695 2635 2627 2676 2614 2598 2651 2586 2591 2643 2576 Turnover: 9386 Market tone: Lower
      60 words
    • 291 24 Jun2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3400 99.2550 99.0250 98.8600 6597 6897 5274 3619 EUROYEN TIBOR FUTURES JunO9 99.450 99.450 SepO9 99.530 99.530 DecO9 Mar10 99.535 99.535 Jun10 Sep10 Dec10 Mar11 99.450 99.530 99.535 99.450 99.535 99.545 99.525 99.490 99.410
      291 words
    • 188 24 Jun2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Jul 09 176.0 Aug 09 175.0 Sep 09 176.0 Oct09 176.0 NOV09 Dec 09 173.5 175.0 176.0 172.1 173.5 174.5 174.5 172.1 173.5 173.5 260 20 20 24 690 546
      188 words
    • 91 24 Jun 2 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****N 03.09.09 1-Year BY*****W 03.05.10 0.20 0.33 0.15 0.14 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W
      91 words
    • 103 24 I Jun i\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1218.50 1184.00 1227.00 1185.75 Aug 09 1175.50 1148.50 1184.00 1147.50 Sep 09 1121.00 1096.50 1124.50 1099.00 Nov 09 1086.00 1062.50 1088.00 1059.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 40.45 39.05
      103 words
    • 77 24 CRUDE OIL PRODUCTS Jun 1 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 67.21 1.64 WTI (Near Mth) 68.40 2.03 Dubai (1-Mth F) 65.58 1.72 Tapis blend 69.85 2.05 Minas 69.65 2.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S4.05 72.30 0.50 2.90 US$/barrel Opec Oil
      77 words
    • 463 24 Jun2 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.883 5.520 0.572 6.266 38.143 83.002 0.780 10.017 2.823 1.250 65.525 38.228 1.166 6.521 0.866 26.226 27.604 0.493 0.808 Canada 1.132 6.248 0.647 7.092 43.173
      463 words
    • 77 24 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Jun2 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP
      77 words
    • 156 24 Jun2 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1650 1.1665 0.8081 0.8083 Canadian dollar 1.3185 1.3204 0.9146 0.9150 Euro 2.0368 2.0395 1.4129 1.4133 NZ dollar 0.9316 0.9334 0.6462 0.6468 Sterling 2.3641 2.3671 1.6399 1.640: US dollar
      156 words
    • 137 24 Jun 2 GOLD (USS/oz) JunO2 JunO1 Hong Kong London 968.20 982.00 969.20 983.00 JunOI May 29 976.35 978.00 977.15 978.80 Source: Thomson Reuters CAST BAR (S$) JunO2 Buying Sellini Kilobar "48,312.64" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1 oz 1 oz
      137 words
    • 69 24 Jun 1 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1438.75 1406.50 3 months 1474.00 1440.00 Copper, Grade A (USS/tonne) Cash 3 months 5060.25 5075.00 4815.75 4830.00 Lead (USS/tonne) Cash 1644.50 3 months 1660.00 1555.50 1570.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
      69 words
    • 72 24 Jun J COCOA (Btonne) Close Prev Hii ih/Low Jul 09 1685 1693 1700/1667 SepO9 1687 1693 1699/1670 Dec 09 1680 1683 1690/1662 Mar 10 1677 1681 1686/1659 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1559 1540 1575/1536 SepO9 1569 1546 1580/1544 Nov09 1582 1560 1590/1557 SUGAR (US tonne) White
      72 words
    • 2477 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 3.5 -0.5 1591 >036AdvanceSCTLtdW*****9 0.5 susp 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital Ltd W*****7 5 unch 145 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 8.5 unch
      2,477 words

  • Page 25 Advertisements
    • 2762 25 m The Business Times Shipping Times M BlCT^fflTHTffiffffTOTffißßffil WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M £*^P^| ■%M mmWm^vinmniw VtrA iaia v uai I mrr TEL:*****588 o 4 lines) fax:6224H63 A^l B^^^^llTT^^^^^l -HUmMS M^WMiBS \\^^V I WAN HAI INt__F PKL HL: (03) *****38s FAX: (03) *****288 PEN TEL: (04)
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  • Page 26 Advertisements
    • 2916 26 F^VHEHBEIII^B9IHI In c eastern car liner, ltd I nil v J r//^ I l+———^ I specialize in roro heavy lift UPTO 450 tons~| I WEEKLY EXPRESS SAILING SCHEDULE I W-M-M----------- PCL/PHL SERVICE AMX SERVICE Conne<ting ECL Sv< via MALTA I qBeSKV^ VOY .Jon^KTJ, Ll linq<KTj_ MUA —|E_ J*^ )KT _Jlt
      2,916 words

  • EXECUTIVE MONEY
    • 1378 27 This crisis is not going to turn into a Great Depression as in terms of GDP, it will be similar to those of the 50s, 60s, 70s and 80s OVERVIEW JEREMY Siegel is a teacher and scholar who holds an endowed chair at one of
      I BLOOMBERG  -  1,378 words
    • 395 27  -  GENEVIEVE CUA By NEW Independent is launching a portfolio advisory and management service that uses only exchange traded funds as its underlying investments. The service, called Fulcrum, is able to take long or short positions on stocks, bonds or commodities, using levered
      395 words
    • 990 28 But some strategists believe energy and metals prices will correct as investors wake up to the reality of a slow-burn economy, reports GENEVIEVE CUA AN UPTICK in risk appetite, against a backdrop of falling volatility, has buoyed many boats. Commodities, which suffered precipitous falls
      I BLOOMBERG  -  990 words
    • 1222 28  -  PRADEEPVERMA SINCE the equity markets bottomed on March 9, I have always been very carew ml to point out that the current rally is a bear market rally. In other words, I believe that the current intermediate uptrend will be viewed as
      1,222 words
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    • 62 27 ■■■■■■■■■■■■IjiM BiißiK Call 6-222 6868 today to find out ACCOUntServe hOW ACCOUntServe Can aSSist yOU www.AccountServe.com.sg I Routine Accounting SWAT Accounting GST Reporting XBRL Filing > _^_j HS^K ■>^^l 'j V\w rim.'*1' Presented by Performed by Main Sponsor Sponsor Official Official Official Supported by Held in Freight Partner Outdoor Media
      62 words

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    • 48 28 IG Markets (ACRA No. *****621 X) holds a capital markets services licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed to trade commodity CFDs by International Enterprise Singapore. IG Markets does not operate a securities, futures or commodities market.
      48 words