The Business Times, 4 June 2009

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Microfilm: NL30043
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, June 4,2009
    20 words
  • Article, Illustration
    Lock icon Productivity falls, outlook stays sombre
    830 1  -  LEE U-WEN TEH SHI NING Bottom not reached and no upturn in sight, says NWC, asking companies to cut costs By and [SINGAPORE] Productivity in Singapore fell more sharply than real basic wages last year, evoking concern from the National Wages Council (NWC), which has
    MOM Survey, Dept of Statistics, MTI; AZIZ HUSSIN/THE STRAITS TIMES  -  830 words
  • Article
    Lock icon Big ramp-up for mega school computer project
    596 1  -  ONG BOON KIAT It may grow in scale from 60,000 seats to 120,000 By [SINGAPORE] There is more in the pipeline for providers and users of Singapore's ambitious school computer project and it could mean a windfall for service providers. The Ministry of
    596 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 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:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KLCOMP 1,055.40 -8.22 NIKKEI 225 9,741.67 +37.36 HANG SENG 18,576.47 +187.39 SET INDEX 582.25 +7.95 JAKARTA COMP 2,010.91 +12.27 MANILA COMP 2,471.19 -19.23 SEOUL COMP 1,414.89 +2.04 SHENZHEN B 462.77 +16.33 MUMBAI IND 14,870.90 -4.01 12 noon EDT Cham DOW 8,652.14 -88.73 NASDAQ 1,822.45 -14.35
      48 words
    • Article
      Lock icon FOREX
      48 1 US$ (S$ ier US$) 1.437 (US$/S$ il 1.661 2.387 EURO :us$/s$/e; 1.426 2.050 Foreii in curreno ier US$ 1$ YEN 96.30 67.00 RM 3.481 2.422 HK$ 7.752 5.394 BAHT 34.05 23.69 RUPIAH 10,175 7,080 RENMINBI 6.830 4.752 INDIAN RUPEE 46.92 32.65 A$ 1.215 0.845 NZ$ 1.536 1.069
      48 words
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      3 1 8 *****1 *****4
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      88 1 nil urn M\ liJ'lj'lm'^' j|g.'LL wmjWljj'B l:lH3Biii||||l ll JPHUJ ARMENIAN^ Ensuite Baths with V&B Fittings flmonran i 131/* -j/mjjiiiiiu-,. vq BS^. «J /AmcriCali UaK -'"h.. H Jlw[ jj.r [1 jl i I j a m v V VJv i« S V^ .^W^W^W^T^T^w I Developer Hong How Investments Pte Ltd *****4064H]
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      77 1 BizlT OPINION S'PORE ARTS FEST fl^fS^l Boosting efficiency Asia must be ready ft^^fe^S^l INTERNATIONAL Taking art rock I ljybvi I at S'pore banks for US$ decline l|||f|s:; Training to export to a new level I KT^jrJ page 25 page 18 *****1 **HIBI competently page 9 page 15 Govt land sales
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Productivity falls, outlook stays sombre
        67 2 PRODUCTIVITY in Singapore fell more sharply than real basic wages last year, evoking concern from the National Wages Council which warned of a prolonged recession. The council, issuing its newest wage guidelines for the year beginning July 1, also cautioned the public not to get
        67 words
      • Article
        Lock icon Big ramp-up for mega school computer project
        71 2 THERE is more in the pipeline for providers and users of Singapore's ambitious school computer project and it could mean a windfall for service providers. The Ministry of Education told BT in an interview yesterday that it expects its mega computer project to
        71 words
      • Article
        Lock icon Temasek sold Barclays stake and took a hit
        82 2 TEMASEK Holdings has bailed out of another banking investment: it has divested its entire 2 per cent stake in UK bank Barclays pic and has suffered a loss of £500-600 million (Ssl.2-1.4 billion) in the process. According to sources, Temasek sold its
        82 words
      • Article
        Lock icon S'pore sees steepest drop in office occupancy cost
        96 2 A NEW report shows that office occupancy costs in Singapore fell a whopping 34.4 per cent in the 12 months to March 2009 the largest fall among some 170 cities tracked. CB Richard Ellis' semi-annual Global Office Occupancy Costs survey showed that
        96 words
      • Article
        Lock icon Keppel customer with $1.7b orders at risk of bankruptcy
        58 2 SKEIE Drilling and Production, a customer of Keppel Corporation, is at risk of filing for bankruptcy if a proposed re-structuring falls through. SKDP currently has construction contracts for three N-Class Jack-Up offshore drilling rigs with Keppel Corp's subsidiary Keppel Fels, valued
        58 words
      • Article
        Lock icon Analysts upbeat on NOL's $1.4b rights issue
        74 2 ANALYSTS were largely positive on news of Neptune Orient Lines' $1.44 billion rights issue, with some upgrading their ratings for the stock. The national shipping line said that it would offer a three-for-four rights issue at $1.30 apiece, representing a 15 per cent
        74 words
      • Article
        Lock icon South Korea to consider improvements in S'pore FTA
        43 2 SOUTH KOREA yesterday said that it will look into Singapore's push for big improvements in their free trade agreement to set a new standard for trade cooperation in the Asia-Pacific region. SINGAPORE NEWS, PAGE 8
        43 words
      • Article
        Lock icon Big-spending Japan fails to balance books
        72 2 A JAPANESE Finance Ministry advisory panel suggested yesterday that the world's second largest economy would be unable to achieve its target of a balanced budget in fiscal 2011. Although the target had appeared increasingly out of reach, the fact that this is now being
        72 words
    • Article, Illustration
      Lock icon Temasek sold Barclays stake and took a hit
      487 2  -  SIOW LI SEN It bailed out in Dec-Jan and lost £500-600 million, sources say By [SINGAPORE] Temasek Holdings has bailed out of another banking investment: it has divested its entire 2 per cent stake in UK bank Barclays Pic and has suffered
      Bloomberg  -  487 words
    • Article
      Lock icon Govt land sales stay nimble to nurse property recovery
      997 2  -  KALPANA RASHIWALA URA, CB Richard Ellis Confirmed list still suspended; only 2 sites added to reserve list By [SINGAPORE] The government yesterday announced a land sale programme for the second half of this year that should help nurse the nascent property
      : URA, CB Richard Ellis  -  997 words
    • Article, Illustration
      Lock icon S'pore sees steepest drop in office occupancy cost
      603 4  -  UMA SHANKARI Republic slips to No. 15 on costliest markets list from No. 9 a year earlier By [SINGAPORE] A new report shows that office occupancy costs in Singapore fell a whopping 34.4 per cent in the 12 months to March 2009
      BLOOMBERG  -  603 words
    • Article, Illustration
      Lock icon From California to S'pore, to cut costs aggressively
      444 4  -  CHEN HUIFEN Affymetrix's move makes S'pore global microarray capital Byl [SINGAPORE] Californiaheadquartered Affymetrix Inc has shifted all production of its microarray products to Singapore a move that will help the firm save US$2O-25 million a year. The consolidation, which began in mid-2008,
      444 words
    • Article
      Lock icon IDA denies SingTel full regulatory relief
      506 4  -  WINSTON CHAI 4 of 7 appeals over dominant licensee obligations rejected By [SINGAPORE] After deliberating for 18 months, the Infocomm Development Authority of Singapore (IDA) is standing firm on its decision to deny Singapore Telecom full exemption from government regulations designed to keep the
      506 words
    • Article, Illustration
      Lock icon JPMorgan leads banks in selling US$8.7b of stock
      648 4 Bloomberg None have yet won approval to repay US rescue funds [NEW YORK] JPMorgan Chase Co led finance companies in raising at least US$B.7 billion after the Federal Reserve imposed additional capital requirements on firms seeking to repay US rescue funds. JPMorgan,
      – Bloomberg; REUTERS  -  648 words
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      1060 3 M I z^r/w I BSB BE 36 SES 33 33 AooqjjjjijJsj:jcj;j piisjss TRANSFER MPllipKljtitt^ HI consolidated in your base currency. The Royal Bank of Scotland (RBS) brings to its clients such an open-architecture investment account in collaboration with the premier provider of offshore open- Cash received from sales will be
      1,060 words
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      643 4 W*S^ kAT^T^T^^T->r' Toll free: 1800-289-8822 V IVI I 1 L V Email: notices@sph.com.sg _L^| V^>/ X. I V_|i I it I www.cats.com.sg CHEMICAL INDUSTRIES (FAR EAST) LIMITED. m M 3 JALAN SAMULUN, SINGAPORE *****7. TEL: 6265 0411 FAX: 6265 6690 Company Registration No. *****0046K NOTICE OF MEETING NOTICE IS HEREBY
      643 words
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  • COMPANY NEWS
    • Article
      Lock icon Keppel customer hit by restructuring snag
      509 5  -  NISHA RAMCHANDANI SKDP in last bid to avert bankruptcy after bondholders' initial no to proposal By SKEIE Drilling and Production (SKDP), a customer of Keppel Corporation, is at risk of filing for bankruptcy if a proposed restructuring falls through. SKDP currently has construction contracts
      509 words
    • Article
      Lock icon Bid to take E&E private draws protest from shareholders
      526 5  -  JOYCE HOOI Minority owners upset over proposed US$l.2O exit offer By MINORITY shareholders of Elec Eltek International Company (E&E) are upset over the US$l.2O exit price that its parent company will be offering under a proposed voluntary delisting. E&E, a printed
      526 words
    • Article
      Lock icon ETF trading volume and value hit new highs on SGX
      358 5  -  LYNETTE KHOO By EXCHANGE-traded funds (ETFs) listed on the Singapore Exchange (SGX) have hit record levels for two months in a row both in terms of trading value and volume. For May, trading value rose by more than half to
      358 words
    • Article
      Lock icon Tianjin Eco-City inks 2 deals worth 950m yuan
      302 5  -  JAMIE LEE By SINO-SINGAPORE Tianjin Eco-City Investment and Development Co (SSTEC) a joint venture between Keppel Corporation and a Chinese consortium has inked two joint ventures valued at about 950 million yuan (*****.6 million) in total as part of an eco-business park
      302 words
    • Article
      Lock icon Analysts upbeat on NOL's $1.4b rights issue
      381 7  -  JAMIE LEE They believe the company will use the funds to acquire distressed assets By ANALYSTS were largely positive on news of Neptune Orient Lines' (NOL) $1.44 billion rights issue, with some upgrading their ratings for the stock. The national shipping line said
      381 words
    • Article, Illustration
      Lock icon APL launches direct Vietnam-US service
      493 7  -  VINCENT WEE First such weekly service will cut transit by at least 4 days By in Ho Chi Minh City NEPTUNE Orient Lines' (NOL) container arm APL, which has about 10 per cent of the Vietnam-US trade, looks set to build on its market-leading position
      493 words
    • Article, Illustration
      Lock icon Telstra should be split to boost service: Optus
      480 7 Bloomberg [SINGAPORE] Telstra Corp, Australia's largest phone company, should be broken up under government plans to overhaul the nation's communications industry and build a highspeed network, said Optus Pty, the carrier's biggest competitor. The former phone monopoly's wholesale and retail operations need
      Bloomberg  -  480 words
    • COMPANY BRIEFS
      • Article
        Lock icon Moody's downgrades MI-Reit to "Caa1"
        143 7 MOODY'S Investors Service has downgraded MI-Reit's corporate family rating to "Caal" from"B2". The rating outlook is negative. The rating may experience a further downgrade if MI-Reit is unable to make material progress in securing definitive financing for its acquisition of Plot 4A International Business Park
        143 words
      • Article
        Lock icon Compact Metal proposes rights issue
        114 7 COMPACT Metal Industries has proposed a renounceable non-underwritten rights issue of up to 1.15 billion new shares at $0.01 apiece with up to 575.44 million free detachable warrants. Each warrant carries the right to subscribe for one new share at an exercise price of $0,015.
        114 words
      • Article
        Lock icon Sunpower unit wins 26.7m yuan contract
        75 7 SUNPOWER Group said that its wholly owned subsidiary, Jiangsu Sunpower Technology Co Ltd, has secured a 26.7 million yuan (555.6 million) contract to supply its proprietary heat pipes to the Project Management Centre of Key Highway Construction of the Transport Department of the Tibet
        75 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      1569 5 ADVERTISEMENT FEATURE EVWSI A TRADER'S BEST CALL It's still a bear-market rally, says Saxo Despite the current oft a good hedge against stockmarket mention of "green shoots" B| correction and weakness in the US appearing in the flagging Is dollar, says Moltke-Leth. economies around the world. Those who like to
      1,569 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Late profit-taking pares gains
      610 6  -  VEN SREENIVASAN STOCKS ST Index hits 9-month high before ending with mere 8-point gain; focus falls on second-liner laggards ONCE again, the local bourse confounded critics who had predicted another day of profit taking following recent gains and on the heels of Tuesday's slide. Instead, the
      : Bloomberg  -  610 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 7 2 0 0 0 9 7 2 lanufacturing 93 50 62 10 15 103 57 77 Commerce 34 12 26 40 14 31 'pt/Stor/Comms 29 30 :inance 18 18 Construction 11 14 'roperties 27
      95 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 37,207 37,207 110,239 110,239 lanufacturing 880,593 156,401 1,036,994 427,343 7,400 434,743 lommerce 482,416 5,394 487,810 192,341 539 192,880 'pt/Stor/Comms 383,646 1,604 385,250 489,623 131 489,754 :i nance 66,921 66,921 497,280 497,280 lonstruction 190,292 36,149 226,441 38,425 590 39,016 'roperties
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 6 lapitaLand 3.930 -0.060 lapitaMal 1.430 4-0.050 lityDev 10.000 4-0.100 lomfortDelGrc 1.320 4-0.010 Iosco Corp 1.430 4-0.070 IBS Grp 12.640 4-0.260 :&N 4.060 -0.080 ienting SP 0.720 iolden Agri 0.465 4-0.025 IK Land 3.310 -0.120 IMH 26.600 4-0.700 ISH 14.040 4-0.400 lardineC&C 16.700 4-0.140 Ceppel Corp 7.280
      104 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      888 6  -  CONRAD TAN Neptune Orient Lines June 3 close: $1.75 PHILLIP SECURITIES RESEARCH, June 3 NOL announced that it is proposing a renounceable underwritten rights issue at the issue price of $1.30 for each rights share on the basis of three rights shares for every four existing ordinary shares.
      : Bloomberg  -  888 words
    • Article, Illustration
      Lock icon Asian and Australian currencies in favour
      489 6  -  OH BOON PING CURRENCIES OPTIMISM on com-modity-related and emerging-markets currencies continues to grow, following rallies in capital markets and some positive economic and production figures. In a forex survey, Barclays found that some 20.5 per cent of 605 clients polled favour the Australian dollar,
      : Bloomberg  -  489 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      59 6 Jun 3 VALUE CLOSE IT OB/OS 893.00 +42.C IT CADI -*****.00+169. IT 10-day MA -*****.00 +89. TSE ST Mid Cap 556.94 +8.1 TSE ST Small Cap 467.15 +5.81 TSE ST All Share 586.48 +3.3 TSE ST China Top 256.29 +6.2 TSE ST China 253.03 +6.0: IOB Catalist
      59 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Centillion 142,901,000 Ocean us 136,382,000 Gentinq SP 122,227,000 Golden Aqri 122,031,000 Compact 100,380,000 Abterra 86,668,000 Yanqzijianq 81,282,000 Cosco Corp 79,454,000 UniFiber 70,623,000 RafflesEdu 61,637,000 VALUE(S) UOB 163,162,863 DBS Grp 141,599,312 CapitaLand 130,984,585 OCBC Bk 115,634,353 Cosco Corp 113,703,060 NOL 98,658,390 Wilmar 94,101,950 Gentinq SP 88,604,538 SingTel
      54 words
    • Article
      Lock icon RISES
      103 6 iBXT FTChina25 10US$ CLOSE UP 2728 313.2 8.7 iBXT FTVietnam 10US$ 4602 204.0 3., :MPro| 1200 129.7 140.' IMH 2660 100.6 2. LD 10US$ 9612 99.1 0. ISH 1404 57.5 2. ICBCO 5.1%NCPS 100 9250 50.0 0. China H 10US$ 1412 46.0 2. IOB 1490 40.0 2. At ES.0906
      103 words
    • Article
      Lock icon FALLS
      109 6 CLOSE DOWN 520 -43.1 -5.5 lain iBXT S&P Short 10US$ 6676 -34.5 -0.4 iBS RB ePW*****3 36.5 -18.0 -33.0 IK Land 331 -17.2 -3.5 ;embMar.ES.O9O6 292 -17.0 -5.5 Land 267 -11.0 -4.i iembCori Ind 306 -10.0 -3.; IQB 5.05%NCPS 100 9760 -10.0 -0.1 I seta n 311 -9.0 -2.8
      109 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 6 Jun3 CLOSE CHNG FRJUI12 YR2009 S$ LOW S$ HIGH USS 1.4409 -0.22 1.5579 1.4308 Euro 2.0488 0.13 2.0732 1.9150 Pounds 2.3860 -0.78 2.3860* 2.0356 AS 1.1776 -0.35 1.1776* 0.9453 Yen* 1.5020 0.34 1.7278 1.4831 Rupiah* 0.***** -1.63 0.***** 0.***** Baht* 4.2330 -0.42 4.3390 4.1040 Peso* 3.0540
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      141 7 together is saving money, to save the guy sitting next to you. Together is putting people first. That's why we've worked to deliver more efficient bandwith usage, cheaper phone services, and video conferencing that lets you cut your travel costs right down. On top of that, with improved application performance
      141 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon South Korea to consider improvements in S'pore FTA
      612 8  -  i CHUANG PECK MING ASEAN-SOUTH KOREA SUMMIT It will also mull joining Trans-Pacific Strategic Economic Partnership By in Seoul SOUTH KOREA yesterday said that it will look into Singapore's push for big improvements in their free trade agreement (FTA) to set a
      WOO FOOK LEONG/LIANHE ZAOBAO  -  612 words
    • Article
      Lock icon Grangeford grace period extended
      426 8  -  LYNETTE KHOO By THE Urban Redevelopment Authority (URA) has granted Overseas Union Enterprise (OUE) an extension of a grace period until July 27 to remove all partitions in units at The Grangeford condominium and cease the unauthorised use as a boarding house or hostel. This is
      426 words
    • Article, Illustration
      Lock icon GE Capital back in business: Asean CEO
      467 8  -  TEH SHI NING By' GE Capital is "back in business", says its Asean CEO Ed Ng. With the company focusing for now on providing finance to growth sectors like construction, IT services and business services, Mr Ng thinks new opportunities will emerge as
      ARTHUR LEE  -  467 words
    • Article
      Lock icon Insurance still important in recession
      358 8  -  JESSICA YEO More S'poreans hold on to their policies during slump: survey By MORE Singaporeans have held on to their insurance policies during the recession than people in other countries, according to a survey by HSBC Insurance. Among six countries surveyed, Singapore had the largest
      358 words
    • Article
      Lock icon SMEs here anticipate bleak 2009: poll
      397 8  -  ZEINAB YUSUF Most bosses worry about challenges posed by downturn By BOSSES of Singapore's small and medium-sized enterprises (SMEs) are less optimistic about economic growth this year than their peers elsewhere in the Asia-Pacific, according to a survey released yesterday. Now in its fifth
      397 words
    • Article
      Lock icon COE premiums at 8-month high
      292 8  -  I SAMUEL EE By COE premiums surged across the board yesterday to an eight-month high, boosted by the combination of a sharply reduced allocation of certificates of entitlement (COEs) and growing confidence in the economy. "The reality of the smaller quota is hitting home," said
      292 words
    • Article
      Lock icon Accountants critical to S'pore's success: ACRA
      204 8  -  VICTOR KATHEYAS By THE provision of "high-quality, trusted financial information" by accountants is critical to Singapore's continued success as an international business centre, the chief executive of the Accounting and Corporate Regulatory Authority (ACRA) said yesterday. Juthika Ramanathan, who was delivering the keynote address
      204 words
    • Article
      Lock icon 9th case of H1N1 confirmed
      172 8  -  MICHELLE YEO By SINGAPORE has confirmed its ninth case of Influenza A(HINI-2OO9). The patient is a 19-year-old Singaporean female studying in the US, who returned for a holiday. She arrived here from New York via Tokyo on All Nippon Airways flight NH9OI at 11.40pm on
      172 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Training to export competently
      939 9 IE Singapore is roping in trade bodies to help sell the new Exporter Development Programme, reports CHUANG PECK MING INTERNATIONAL Enterprise (IE) Singapore wants to train at least 1,000 promising local enterprises to be ex-port-competent in the next three years. The government's export promotion agency launched
      939 words
    • Article
      Lock icon Printing business upbeat after attending export programme
      333 9  -  CHUANG PECK MING They studied export strategy planning and looked at overseas markets By EXECUTIVES at NPE Print Communications are upbeat after taking part in the pilot run of International Enterprise (IE) Singapore's Export Development Programme (EDP). "We've been given invaluable help to
      333 words
    • Article
      Lock icon EDP broadens Chee Seng's horizons in exporting its oil
      352 9  -  CHUANG PECK MING By FOR Lim Kay Kheng, sales and marketing manager at homegrown Chee Seng Oil Factory, the Exporter Development Programme (EDP) was like a refresher course in export management and parts of it were "extremely useful". "The lectures helped
      352 words
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      113 9 EXPORTER DEVELOPMENT B 1 1 PROGRAMME HR 1 I Provides the path to unleash your export potential m Join our new Exporter Development Programme to learn the fundamentals and skills m required for exporting. Our export coach will guide you in your export strategy planning ft JtS^< M-~ V for
      113 words
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  • ECONOMY WATCH
    • Article
      Lock icon Bernanke warns deficits threaten financial stability
      496 10 Bloomberg [WASHINGTON] Federal Reserve chairman Ben S Bernanke said large US budget deficits threaten financial stability and the government can't continue indefinitely to borrow at the current rate to finance the shortfall. "Unless we demonstrate a strong commitment to fiscal sustainability in the longer
      Bloomberg  -  496 words
    • Article, Illustration
      Lock icon BRIC may discuss supranational currency at summit: Kremlin
      442 10 Reuters Russia still keen to see the rouble as a regional reserve unit [MOSCOW] The leaders of the world's biggest emerging markets may discuss the idea of a supranational currency this month when they meet for a summit in Russia, President Dmitry
      Reuters; AP  -  442 words
    • Article
      Lock icon Economic crisis boosts distrust of business: watchdog
      419 10 Reuters [BERLIN] Distrust of business has risen in the wake of the financial crisis and about half those surveyed around the world see the private sector as corrupt, watchdog Transparency International (TI) said yesterday. A survey by the Berlinbased group showed that 53
      – Reuters  -  419 words
    • Article
      Lock icon Euro spending, exports decline most in 14 years
      592 10 Bloomberg [BRUSSELS] European consumer spending and exports contracted the most in at least 14 years in the first quarter and investment slumped as the worst global recession in more than six decades prompted companies to cut output and jobs. Gross domestic product
      – Bloomberg  -  592 words
    • Article, Illustration
      Lock icon Australia's economy grows unexpected 0.4% in Q1, skirting recession
      538 10 Bloomberg [SYDNEY] Australia's economy unexpectedly grew in the first quarter, skirting a global recession as exports and consumer spending increased. Gross domestic product (GDP) rose 0.4 per cent in the three months to March 31 after it contracted a revised 0.6
      Bloomberg; – – I REUTERS  -  538 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon ACSM bucks earnings trend with 46% jump
      502 11  -  PAULINE NG Credit services firm posts double-digit growth in all core business segments By in Kuala Lumpur CONSUMER spending may have tightened because of the global recession, but one consumer financier has managed to persuade its patrons to loosen their purse strings. As
      502 words
    • Article
      Lock icon M'sia, China to sign US$1.9b trade accord
      357 11 Bloomberg PM Najib is trying to help firms open new markets [BEIJING] Malaysian Prime Minister Najib Razak, whose father was the first South-east Asian leader to open diplomatic ties with China, was due to sign accords yesterday for more than US$l.9 billion in
      Bloomberg  -  357 words
    • Article, Illustration
      Lock icon BI cuts rates by widely expected 25 bps
      409 11 Reuters [JAKARTA] Indonesia's central bank cut interest rates by a widely expected 25 basis points on Wednesday, but flagged concerns about potential inflation pressures in 2010 which some analysts said suggested it was done cutting rates. Still, Bank Indonesia (BI) maintained its
      – Reuters; REUTERS  -  409 words
    • Article
      Lock icon Pertamina plans to build new refinery capacity
      271 11 Reuters [JAKARTA] Indonesia's state oil firm Pertamina said yesterday it plans to build new refinery capacity totalling 700,000 barrels per day (bpd), part of efforts to curb costly oil product imports by South-east Asia's biggest economy. Pertamina's nine refineries have a combined capacity
      ■ Reuters  -  271 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon US vows aggressive stance on trade issues with China
      545 12 AFP It says it will not hesitate to drag Beijing to the WTO to settle disputes [WASHINGTON] The United States said on Tuesday that it wanted to move more aggressively to resolve trade frictions with China, warning that it would not
      AFP  -  545 words
    • Article, Illustration
      Lock icon GM selling Hummer to Chinese firm
      604 12 Reuters Machinery maker to assume existing dealer agreements [DETROIT] General Motors Corp said on Tuesday that it reached a tentative deal to sell its Hummer brand to a privately held Chinese heavy-machinery maker, as part of an effort to drop four unprofitable vehicle lines
      Reuters; AFP  -  604 words
    • Article
      Lock icon Indian govt plans small-scale stake sales
      502 12 Reuters [NEW DELHI] India will let state-run companies sell equity stakes and dilute a small portion of government holdings, but there were no plans for big-ticket disinvestments in the near future, a senior Finance Ministry official said on Tuesday. Stake-sale plans are being revived
      ■ Reuters  -  502 words
    • Article
      Lock icon Pansy Ho unsuitable partner? MGM says 'no'
      374 12 ■AP [MACAU] A top MGM Mirage executive said yesterday the gambling giant would challenge a recent US regulatory report calling Pansy Ho, daughter of a famous Macau kingpin, an "unsuitable" business partner for its casino in the Chinese city. MGM Mirage revealed last
      ■AP  -  374 words
  • Page 12 Advertisements
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      1276 12 A WATS RFB^BANK RHB BANK BERHAD (Co. No 6171 -M) (Incorporated in Malaysia) i^M BOARD OF DIRECTORS The directors of the Bank who have held office since the date of the last report are: Datuk Azlan Zainol (Chairman) Dato' Othman Jusoh Dato Abdullah Mat Noh Johari Abdul Muid Tuan Haji
      1,276 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US job losses cloud recovery hopes
      749 13 Reuters, AP Firms axe 532,000 jobs last month; mortgage applications see fall [NEW YORK] The US economy's recovery may have stalled after data yesterday showed half a million private sector jobs were lost last month and mortgage applications fell last week as rising interest
      – Reuters, AP  -  749 words
    • Article
      Lock icon Norway to review wealth fund's strategy
      413 13 Bloomberg [OSLO] Norway will re-as-sess a strategy that had targeted "active" management of its oil fund, Finance Minister Kristin Halvorsen said. "The fund had very poor investment returns last year," Ms Halvorsen said in a speech delivered in Oslo yesterday and posted on the
      Bloomberg  -  413 words
    • Article, Illustration
      Lock icon Big-spending Japan fails to balance books
      639 13  -  ANTHONY ROWLEY Target of balanced budget in 2011 slips out of reach as expenses mount By i in Tokyo A JAPANESE Finance Ministry advisory panel suggested yesterday that the world's second largest economy would be unable to achieve its target of a balanced budget
      AFP  -  639 words
    • Article
      Lock icon Asia's central banks seen to stick to US Treasuries despite rating cut
      636 13 Reuters [TOKYO/SEOUL] Asia's richest central banks would shrug off losses from a US sovereign credit rating downgrade and continue to buy Treasuries to keep markets stable, officials and others with direct knowledge of policymaking say. The sources, in
      Reuters  -  636 words
    • Article
      Lock icon Link long-term view to bonuses: Finma
      360 13 Reuters [ZURICH] Swiss banks must link staff bonus plans to long-term performance by 2011 to limit excessive risk-tak-ing, though state-supported ÜBS must comply in 2009, the regulator said yesterday. "Inappropriate risks and false incentives can threaten the stability and profitability of a financial institution,"
      Reuters  -  360 words
    • Article
      Lock icon Playboy's new CEO seeking licensing partners
      288 13 ■AP [SAN FRANCISCO] Playboy Enterprises hasn't had any luck attracting a buyer, but the slumping adult entertainment company had no trouble attracting its new chief executive. "It was irresistible," incoming CEO Scott Flanders said in an interview on Tuesday. "It's hard to envision a
      ■AP  -  288 words
  • Page 13 Advertisements
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      452 13 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPL PTE. LTD. [IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****3681E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 25/13 Cranbrook Ave Cremome NSW 2090 Australia on the 29th day
      452 words
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  • WORLD
    • Article
      Lock icon The latest financial strategy: investing in lawsuits
      553 14 -NYT [WASHINGTON] Richard W Fields says that he has come up with a win-win financial strategy for the downturn. He is investing in lawsuits. Not in trip-and-fall cases, mind you, but in disputes that are far larger, more costly and potentially more lucrative,
      -NYT  -  553 words
    • Article
      Lock icon Derivatives industry sets reform timelines
      709 14 Reuters, Bloomberg Dealers working with regulators to reduce risks, add market transparency [NEW YORK] Major dealers and fund managers in the US$45O trillion privately traded derivatives markets on Tuesday for the first time set timelines for recording trades and allowing investors more access to central
      Reuters, Bloomberg  -  709 words
    • Article
      Lock icon Toxic-assets plan still critical for US banks: regulator
      511 14 Reuters, Bloomberg [WASHINGTON] The US government's plan to use private capital and government money to cleanse banks' balance sheets of toxic assets is still "critical" despite some dampened expectations of the programme, a bank regulator said on Tuesday. John Bowman, acting director
      Reuters, Bloomberg  -  511 words
    • Article, Illustration
      Lock icon Politics drives Russia to save Opel
      679 14 Reuters Stake may pass from Sberbank onto GAZ [MOSCOW] Sitting behind the wheel of his vintage Volga car next to the bearded chief of the Russian Orthodox church, Prime Minister Vladimir Putin wore a proud grin. Hours earlier, Russia's statecontrolled Sberbank and carmaker GAZ,
      ■ Reuters; AP  -  679 words
    • Article, Illustration
      Lock icon US new-car sales improve in May
      503 14 -NYT [DETROIT] New-vehicle sales in the United States improved in May from April for the three Detroit carmakers, despite rising petrol prices and the bankruptcies of General Motors (GM) and Chrysler. But sales were still significantly lower than May a year ago. Sales for
      -NYT; :Thecompan  -  503 words
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  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Taking art rock to a whole other level
      516 15 The Observatory and Ho Tzu Nyen will mess with your senses, says CHRISTOPHER LIM LOCAL indie rock band The Observatory is known for serving up albums that deftly temper intellectual provocation with audio beauty, but film-maker Ho Tzu Nyen has never shied
      THE POND PHOTOGRAPHY  -  516 words
    • Article, Illustration
      Lock icon Moliere satire gets very physical
      532 15  -  LIM WEN JUIN By TO those for whom the embodiment of affectation is anyone purporting to appreciate that amorphous concept called "the Arts", it must seem ironic to have a play lampoon human pretentiousness, as Les Precieuses Ridicules (The Pretentious Young Ladies) by 17th-century French
      532 words
    • Article
      Lock icon Play doesn't LIV up to its promise
      480 15  -  AMANDA DE GUZMAN By. LTV- this year's Arts Festival's Full Frontal Commission might be constructed around a dreamscape, but it sure wasn't one's dream play. An ambitious piece that attempts innovative exploration of big, abstract ideas like sleep, life and death, LIV is
      480 words
    • Article, Illustration
      Lock icon A chance for S'pore bands to grow fan base
      632 15  -  CHRISTOPHER LIM Rock The Sub launches initiatives to mentor bands, send them overseas By1 AUXILIARY programmes of the Singapore Arts Festival are often just a list of scheduled performances. There's nothing wrong with that, of course, but they often have the
      632 words
  • Page 15 Advertisements
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      21 15 tahLa! THE HEARTBEAT OF THE INDIAN COMMUNITY SACHIN WOOS SINGAPORE —x Not afraid, but concerned Melbourne-based Indian writes on Curry Bashings
      21 words
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      Lock icon Page 15 Advertisements Column 2
      129 15 j .I"ia copy from any |j £..,«>—"""***" Spinelli outlet at $5.50 and get a IK complimentary Witt SpinorLatte! CHALLENGES AND OPPORTUNITIES The June issue of Pulses is out! Find out what challenges and opportunities await the oil industry in the cover story. This issue also includes a special supplement on
      129 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Seletar Aerospace Park redevelopment on track
      378 16  -  VEN SREENIVASAN Phase 1 nearly complete, Phase 2 progressing well, says JTC chief By' THE redevelopment of the 300-hectare Seletar Aerospace Park is on schedule despite a slump in the global aviation industry. JTC Corp's CEO Ow Foong Pheng said the developers of the
      378 words
    • Article
      Lock icon Shipping groups fight Norway over taxes
      504 16 [OSLO] Norway's government met two shipping companies in court yesterday to defend its tonnage tax that imposes a big tax bill on the industry at a time when the global downturn is hammering profits. A scheme presented in 2007 aims to make Norway's system
      504 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURE
      2593 16 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 ttd Co (BAW), BG Biman Bangladesh Airlines (B"" "—'"-■■—«■-'■—rdn onu lr \b«;, ou D uuia M o ID JU), BR
      2,593 words
    • Article, Illustration
      Lock icon JAL to get 100b yen loan from banks: paper
      218 16 Reuters [TOKYO] A syndicate of Japan's three biggest banks and the state-backed Development Bank of Japan (DBJ) are planning to lend about 100 billion yen (Ssl.s billion) to Japan Airlines Corp (JAL) as early as this month, the Nikkei business daily
      Reuters; AFP  -  218 words
    • Article
      Lock icon Commodity shipping rates may stay high on demand from China
      314 16 Bloomberg [SINGAPORE] Shipping costs for bulk commodities such as coal and iron ore will stay high in the next few months because of record purchases by China, before flattening by the end of the year as new vessels are delivered,
      Bloomberg  -  314 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 16 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.54 0.26 1.43 0.52 1.39 0.59 0.06
        106 words
      • Article
        Lock icon KLSE
        36 16 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.88 8.60 8.45 3.40 2.72 0.03 0.10 0.05 739 0.10 923 unch 1327 0.06 1966 unch 1 unch 15 0.01 *****
        36 words
      • Article
        Lock icon BANGKOK
        12 16 ■oo Precious Ship Regional Cont 17.90 8.45 0.40 unch 862! 775.
        12 words
      • Article
        Lock icon HONGKONG
        11 16 '000 Ooil Singamas Cont 36.10 0.91 3.30 7041 0.03 7782)
        11 words
      • Article
        Lock icon PHILIPPINES
        22 16 '000 lun 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.30 16.25 unch unch 0.10 -0.50 unch unch 19' 2761
        22 words
      • Article
        Lock icon TAIPEI
        22 16 Evergreen Marine ...20.05 First Steamship 49.70 Wan Hai Lines 17.95 Yang Ming Marine...14.35 -0.25 -0.90 -0.05 0.05 20 11 5 33
        22 words
      • Article
        Lock icon TOKYO
        41 16 '000 Kawasaki Hvy Ind ..218.00 Kawasaki Kisen 456.00 Mitsubishi Hvy 363.00 Mitsui Eng&Sbldg...230.00 Mitsui Osk Lines 704.00 Nippon Express 414.00 Nippon Yusen 465.00 Source: Thomson Reuters -3.00 ***** 3.00 ***** 3.00 ***** unch 5370 6.00 ***** -1.00 2252 -6.00 *****
        41 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      309 16 CRYPTIC CROSSWORD nJSTuietl taken insic I I I I I I M Tirst-rate (b) L^ L^ H^ HH 4 Chinese food that repeats K (4-4) fnr^ /c\ TOICe [O) prOVal (4,4) I /q\ lis f ,-,r i i i n H 13 bo Idler back in Portuguese 17 I port
      309 words
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  • AVIATION
    • Article, Illustration
      Lock icon Brazil's military to recover debris
      757 17 AFP AIR FRANCE CRASH A spot in Brazilian waters is the crash site of the Air France Airbus A330 [FERNANDO DE NORONHA, Brazil] Navy ships yesterday sped toward debris from an Air France plane that fell into the Atlantic with 228 people on board, seeking
      AFP; AP  -  757 words
    • Article
      Lock icon Tragedy leaves a global trail of victims
      869 17 AP [DUBLIN] Three young Irish doctors one a Riverdance performer returning from a vacation to Brazil. An American geologist and his wife headed to Europe for work and some R&R. An 11-year-old boy travelling alone on his way back to an English boarding
      AP  -  869 words
    • Article
      Lock icon Retrieving black box will be epic task
      678 17 Reuters [PARIS/LONDON] The first sighting off Brazil's coast of possible wreckage from a missing Air France jet signals the start of what could be one of the most challenging operations ever mounted to retrieve the tell-tale "black box". The box, which is in
      Reuters  -  678 words
    • Article, Illustration
      Lock icon Air France flight flew well beyond range of radar
      907 17 AP Pilots of long-haul flights are often beyond the reach of radar for many hours [BRUSSELS] Before it vanished, Air France Flight 447 was flying hundreds of kilometres beyond the scope of the nearest radar station, just as scores of commercial
      AP; j REUTERS  -  907 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Preparing S'pore Inc for the post-crisis world
      492 18 EDITORIAL IT might be putting it a bit glibly, but one wouldn't be too far off in characterising Singapore's "economic strategy" to date as being, to an extent, "cheaper than those who are better" and, at the same time, "better than those who
      492 words
    • Article, Illustration
      Lock icon Asia needs to be ready for US dollar decline
      960 18  -  ANTHONY ROWLEY Some kind of Asian currency could join euro as an alternative sooner than many expect THIS week saw the sorry spectacle of General Motors (GM) entering bankruptcy, and even if it re-emerges from this shaming experience as a commercially
      AFP  -  960 words
    • Article, Illustration
      Lock icon China's money between US and financial Armageddon
      833 18  -  WILLIAM PESEK JR Bloomberg THE BOTTOM LINE THE US Treasury's new financial attache in China has a name that could easily come out of a Dickens novel: David Dollar. The World Bank's country director for China will be Timothy Geithner's eyes and ears
      – Bloomberg  -  833 words
    • Article, Illustration
      Lock icon Time to raise ethics and governance
      1542 19  -  MAK YUEN TEEN Singapore may well be one of the first countries in the world to do this and for a change, we get to lead, not follow By I A RECENT roundtable organised by The Business Times and the Corporate Governance and Financial
      AFP  -  1,542 words
    • Article, Illustration
      Lock icon The perils of protectionism
      616 19 -NYT IT'S not surprising that Democrats in Congress could not resist adding a "Buy American" provision to the fiscal stimulus bill earlier this year. It might seem sensible (or at least politically useful) to ensure that taxpayer dollars would be used exclusively to support American jobs.
      -NYT; REUTERS  -  616 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 2 World Index Preliminary 717.6 0.0 5.9 0.2 8.2 0.4 8.! t EAFE Preliminai 686.7 0.1 5.8 0.8 9.8 1.0 10.0 Euro[ Prelim inan 949.6 0.1 4.2 0.8 10.6 1.0 10.'
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      120 22 As at 9am Jun3 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1670 1.2030 .an dollar 1.3190 1.3350 luro 2.0430 2.0670 IZ dollar 0.9340 0.9540 iterlini ind 2.3680 2.3950 JS dollar 1.4290 1.4460 .ocal dollars to 100 units if foreign currency:
      120 words
    • Article
      Lock icon INTERBANK RATES
      168 22 Jun3 Overnight 5/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer 1/2 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.35 0.43 0.75 0.85 1.10 1.90 2.00 Offer 0.25 0.33 0.45 0.55 0.80 1.40
      168 words
    • Article
      Lock icon STOCK INDEX FUTURES
      10 22 Jun3 STI IIMSCI Jun 289.1 293.7 288.4
      10 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      20 22 Jun3 Bid Offer -month 1.4365 1.4377 !-months 1.4364 1.4377 i-months 1.4363 1.4377 >-months 1.4362 1.4376 Source: OCBC
      20 words
    • Article
      Lock icon PALM OIL
      61 22 Jun 3 lelivery flonth Opening Sett Av Range Price Price Vol Open Done Position Hi Low lun 09 2637 lul 09 2622 Hug 09 2601 >ep 09 2572 Total o/p: ***** contracts 2610 2640 2610 2597 2630 2591 2575 2606 2565 2580 2596 2556 Turnover: 9830 Market tone:
      61 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      294 22 Jun3 URODOLLAR FUTURES unO9 iepO9 DecO9 VlariO 99.3725 99.2900 99.0600 98.8900 6132 7043 6024 3619 EUROYEN TIBOR FUTURES unO9 99.450 99.450 iepO9 99.525 99.535 DecO9 99.560 99.560 VlariO 99.545 99.545 un10 iep10 DedO \/lar11 99.440 99.525 99.560 99.545 99.445 99.530 99.550 99.540 99.510 99.455 99.410 99.325 200
      294 words
    • Article
      Lock icon SICOM FUTURES
      181 22 Jun3 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lul 09 172.0 \ug 09 iep 09 Dct 09 \lov09 Dec 09 171.0 172.5 173.0 173.0 172.5 172.5 172.5 30 690 546 650 1064 924 1214 FSR 20 (US cents/kg)
      181 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 22 Jun3 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****N 03.09.09 -Year BY*****W 03.05.10 0.20 0.32 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year N5O61OOE 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X 3.125
      87 words
    • Article
      Lock icon CHICAGO BOT
      99 22 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1209.00 1218.50 1221.75 1200.50 Aug 09 1169.50 1175.50 1179.00 1160.50 Sep 09 1115.00 1121.00 1120.25 1105.75 Nov 09 1082.50 1086.00 1087.00 1073.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 40.50 40.45 40.53 39.94 AugO9
      99 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 22 CRUDE OIL PRODUCTS Jun2 origin! t/barrel Close Cham irent blend (1-Mth F) 68.16 0.95 VTI (Near Mth) 68.72 0.32 iubai (1-Mth F) 65.98 0.40 "apis blend 70.35 0.50 i/linas 69.65 unch >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S3.50 73.50 -O.5 1 1.21 US$/barrel )pec Oil Basket Price
      75 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 22 Jun3 AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.892 5.622 0.577 6.381 38.618 83.756 0.793 10.166 2.865 1.264 66.428 38.836 1.183 6.602 0.877 26.746 28.024 0.496 0.823 Canada 1.122 6.305 0.647 7.157 43.313 93.939
      462 words
    • Article
      Lock icon SIBOR
      65 22 Jun3 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 3.***** 15yrs 3.***** Source: Thomson Reuters mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.*****
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      148 22 Jun3 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1824 1.1835 0.8231 0.8232 Canadian dollar 1.3259 1.3276 0.9230 0.9234 luro 2.0487 2.0507 1.4262 1.4264 IZ dollar 0.9350 0.9361 0.6509 0.6511 Sterlinc 2.3853 2.3879 1.6605 1.6609 IS dollar 1.4365 1.4377 >$IUS$ to
      148 words
    • Article
      Lock icon PRECIOUS METALS
      131 22 Jun 3 /oz) lun lun Hong Kong .ondon 968.20 976.70 969.20 977.70 lun 01 Jun 02 976.35 982.50 977.15 983.30 Source: Thomson Reuters CAST BAR (S$) JunO3 Buying Sellini Kilobar "48,644.34" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 109.14
      131 words
    • Article
      Lock icon LONDON METALS
      61 22 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1437.25 months 1472.00 1438.75 1474.00 Copper, Grade A (US$/tonne) :ash months 5034.00 5050.00 5060.25 5075.00 .ead (US$/tonne) :ash 1641.50 months 1659.00 1644.50 1660.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • Article
      Lock icon LIFFE
      73 22 Jun2 (£/tonne) Close Prev Hii ih/Low lul 09 1691 1685 1706/1655 iepO9 1698 1687 1709/1663 Dec 09 1691 1680 1700/1657 War 10 1686 1677 1693/1659 IOFFEE (US$/tonne) Close Pev High/Low ul 09 1548 1559 1568/1528 iepO9 1559 1569 1577/1540 Mov09 1572 1582 1590/1555 SUGAR (US tonne) White Close Prev
      73 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2498 22 BONDS, WARRANTS EXTENDED SETTLEMENT rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 unch 166 >036AdvanceSCTLtdW*****9 0.5 susp 1 15 19 4.43 1 87 2400 7.00 59 14 3092 Asia Environment W*****4 0.5 3816 #Asiasons Capital Ltd W*****7
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8994 20 Transaction date: Jun 3 High Low Code Company Sale COOP) High Low Buyer Seller C'vr P/E $mil 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 15 5.5 1938 AEI Corp 8.5 1 1100 AEM 23 7 2101 APOil 71.5 26.5 5550 ARA 8.5
      8,994 words
    • Article
      Lock icon SGX CATALIST
      1695 21 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 MCap Smil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 3.5 0.5 1501 s Advanced System 10 2 3480 t Adventus 27.5 8.5
      1,695 words
    • Article
      Lock icon SGX ETF
      371 21 52-Wk Tel High Low Code Last Sale Vol C000) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr PJE $mil Comi _Hu 109 100 6389 ABFSG Bond ETF 109 934 427 CIMBAsean40 100US$ US642 undi 246 149 DBS STI ETF 100 240 +1 2728 1682
      371 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 21 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 cdca cum dividend cum all cc cum entitlement NOTES: All shares quoted are traded in lots
      259 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9429 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.849/ AIGIF Spore Bond Fund/ A 1.253/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.96/ APS Alpha Fund (USD)!** 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.509/ APS Komaba
      9,429 words
  • Page 20 Advertisements
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      3371 23 m The Business Times Shipping Times P^TPI^ WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M V £^7^l W M.-LE BS.WtILI^mJuBDLI V\m\ lAf A M UAI I IMFC TEL*****588 (KLINES) FAX:*****163 M» t^ y|l| t pMBBMBBBBBBBMBIBW I \\^^B I WAN HAI INtj PHI TEL: (03) *****583 FAX: (03) *****288 PEN TEL: (04)
      3,371 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      4942 24 F^l lilTi EASTERN CAR LINER, LTD I K^S^UJJULU BKfgSB li— i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS Bfl llMiSiffliliaaßl^ I Ramp(KT) I LUlinqmT) I MUA I SIN I PKL I JKT I BTL I LCB I PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA I ORANGE SKY
      4,942 words
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  • BizIT
    • Article, Illustration
      Lock icon S'pore banks look at tech to boost efficiency
      895 25 Study by IDC company Financial Insights shows a change in lenders' core banking strategies, writes AMIT ROY CHOUDHURY SINGAPOREAN banks are focusing on bolstering operational efficiency within the organisation, as well as risk management, and improving the overall customer experience in order
      895 words
    • Article, Illustration
      Lock icon Polycom sees silver lining in downturn
      411 25  -  WINSTON CHAI By THE global recession and swine flu have dampened the outlook for most businesses, but for conferencing equipment maker Polycom, they have turned out to be a double boon. Although the US-led financial crisis weighed down most economies in the second half
      FILE PHOTO  -  411 words
    • Article, Illustration
      Lock icon Nokia ships N97 smartphone
      289 25 ■IHT [UNITED STATES] Nokia on Tuesday began shipping its most Internet-friendly smartphone to date, the first in a series of high-end phones expected this summer. The new phone, the N97, is the first to come with a link to Nokia's new Ovi applications store, a sign
      ■IHT; FILE PHOTO  -  289 words
    • Article
      Lock icon Microsoft ads hope to turn Bing into a verb
      410 25 -AP [SEATTLE] Microsoft Corp is inventing a new malady for which its new Web search site, Bing, is the only cure. That's the premise of the US$lOO-million, four-month advertising campaign Microsoft hopes will turn Bing into a verb and give the
      -AP  -  410 words
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  • PROPERTY
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      Lock icon Exhibitors at Spain's biggest home show down by two-thirds
      710 26 Reuters [MADRID] Walk through Madrid's vast and near-empty exhibition complex and you will start to understand the brutality of Spain's property crash. Two-thirds of the exhibitors attending last year's Madrid Property Show (SIMA) were absent last week gone bust, too cash-strapped,
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      Lock icon US$500-750m fund target for ING Real Estate
      420 26 Reuters 20% return seen in robust growth market with strong underlying demand [SHANGHAI] Dutch financial group ING's real estate arm has launched a second property fund in China and is targeting to raise US$5OO-750 million, a senior executive said on Tuesday. The fund
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      Lock icon China to build 5.2m homes, subsidise rents
      121 26 Bloomberg [HONG KONG] China plans to build 5.2 million apartments and offer housing subsidies to help accommodate as many as 7.5 million low-income families by 2011, the Ministry of Housing and Urban-Rural Development said. The planned units are in addition to 380,000 lowcost
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      Lock icon AIG sells New Jersey office building
      237 26 Bloomberg [CHICAGO] American International Group Inc (AIG) sold an office building in northern New Jersey to a real estate firm run by former Knight Securities LP chief executive officer Kenneth Pasternak. KABR Real Estate Investment Partners LLC acquired 85 Challenger Road in Ridge fie
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      Lock icon New sites may entail hefty bids
      752 28  -  KALPANA RASHIWALA High values may limit number of bids for the two sites, say market watchers By THE two new sites that have been added to the Reserve List for second-half 2009 Government Land Sales (GLS) Programme are attractively located next to MRT stations.
      752 words
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