The Business Times, 11 June 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, June 11,2009
    20 words
  • 802 1  -  KALPANA RASHIWALA May deals outstrip all of Ql; some banks allowing owners to hock their own properties By [SINGAPORE] Property auctions are in vogue again, with deals touching $18.5 million in May alone. This is higher than the $17.9 million for the whole of
    : Colliers International Research  -  802 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.005 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 47 1 Inesi lay lange 1 COMP 1,082.00 +11.18 IIKKEI225 9,991.49 +204.67 1ANG SENG 18,785.66 +727.17 ;et index 624.55 +16.82 JAKARTA COMP 2,108.81 +15.52 1ANILA COMP 2,530.72 +42.46 ;eoulcomp 1,414.88 +43.04 ;henzhenb 470.11 +2.44 IUMBAI IND 15,466.81 +339.81 12 noon EDT Cham )OW 8,745.75 -17.31 IASDAI 1,842.87 -17.26
      47 words
    • 43 1 IS$ (S$ per US$) 1.450 (us$/ss ier 1.632 2.367 :URO (US$/S$/E) 1.407 2.041 Forei in curreno ier US$ S$ 'EN 97.20 67.00 3.514 2.422 IK$ 7.752 5.344 !AHT 34.12 23.52 lUPIAH 10,060 6,936 lENMINBI 6.835 4.712 INDIAN RUPEE 47.07 32.45 1.246 0.859
      43 words
  • 808 1  -  JAMIE LEE 8 companies have offered warrants since the beginning of the year By [SINGAPORE] Corporate warrants are making a comeback as a way to entice investors to take up rights issues. Since the beginning of the year, eight mid-sized companies or small-caps have offered
    808 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 51 1 >J^3 CHRYSLER SALE PROPERTY Jfe, SPORE ARTS FEST BizlT Fiat CEO heads Bids galore for hotel tL Th^-night feast of Asian firms willing to new company site on Short St |w v m Russian musicians pay more to go green jfij^^^ PAGE 3 PAGE 2 C^ J PAGE 15 PAGE
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  • TOP STORIES
    • 426 2  -  TEH SHI NING But contraction could slow in coming quarters, economists predict By [SINGAPORE] Economists and analysts now predict a sharper dip in Singapore's GDP for the full-year than they forecast in March, but continue to expect the rate of contraction to
      : MAS Survey of Professional Forecasters, June 2009  -  426 words
    • 647 2 Reuters, AP [WASHINGTON] US Treasury Secretary Timothy Geithner said on Tuesday that the main goal of this weekend's meeting of Group of 8 finance ministers is to "take stock" of efforts to stimulate economies and stabilise financial systems. Mr Geithner told a
      Reuters, AP; REUTERS  -  647 words
    • 316 2 -NYT LATEST US DATA [NEW YORK] As oil prices march higher, the US trade deficit is again widening as consumers spend more on petrol, the government reported on Wednesday. The gap between what the United States sells to the rest of the
      -NYT  -  316 words
    • 482 2 ■AP [WASHINGTON] House lawmakers on Tuesday said that they have subpoenaed the Federal Reserve to hand over emails, notes and other documents related to its role in Bank of America Corp's acquisition of Merrill Lynch Co. The lawmakers' subpoena comes after claims that top government
      ■AP  -  482 words
    • 353 2  -  UMA SHANKARI By [SINGAPORE] A government tender for a small hotel site on Short Street closed yesterday with a whopping 14 valid bids received which analysts said reflects market interest in development sites with good attributes. The highest bid came from Fragrance
      353 words
    • THREE-MINUTE DIGEST
      • 65 2 PROPERTY auctions are in vogue again, with deals touching $18.5 million in May alone. This was higher than the $17.9 million for the whole of Ql this year, Colliers International figures show. After a slow start to the year, a total of $47.7 million
        65 words
      • 80 2 CORPORATE warrants are making a comeback as a way to entice investors to take up rights issues. Since the beginning of the year, eight mid-sized companies or small-caps have offered warrants that could raise a total of $874 million if these are fully exercised over
        80 words
      • 87 2 ECONOMISTS and analysts now predict a sharper dip in Singapore's GDP for the full-year than they forecast in March, but continue to expect the rate of contraction to slow in the coming quarters, according to a quarterly survey by the Monetary Authority
        87 words
      • 50 2 ITALY S Fiat is the new owner of the bulk of Chrysler's assets, closing a deal yesterday that saves the troubled US automaker from liquidation and places a new company in the hands of Fiat's chief executive. TOP STORIES, PAGE 3
        50 words
      • 43 2 PETROCHINA, which is buying Singapore Petroleum Company, will likely want to make changes at SPC's Singapore refinery so that it can process heavy crudes including those from Venezuela, industry officials say. COMPANY NEWS, PAGE 4
        43 words
      • 49 2 SHARES of Thailand-based offshore services company Mermaid Maritime rebounded yesterday as news of more contracts sent the counter up as much as 9.7 per cent before it closed up four cents or 7.8 per cent at 55.5 cents. COMPANY NEWS, PAGE 5
        49 words
      • 70 2 THE Royal Bank of Scotland has partnered Alpha Financial Technologies chief executive Victor Sperandeo also known as "Trader Vie" to develop a managed futures index to help investors benefit from volatile market conditions. The Trader Vie Index comprises a diversified basket of
        70 words
      • 83 2 EVERY square metre of exhibition space has been snapped up. More than 400 companies have signed up to showcase their products and innovations. At least 20 government ministers from around the world are attending. Little wonder then, that organisers of this year's
        83 words
      • 88 2 CLOSE to 400,000 square feet of shadow office space is now available as financial institutions scramble to find replacement tenants for the space that they pre-committed to in the boom years. A white paper on the subject by Colliers International says that
        88 words
    • 637 3 ■AP US car maker now ready to emerge from bankruptcy protection [DETROIT] Italy's Fiat is the new owner of the bulk of Chrysler's assets, closing a deal yesterday that saves the troubled US carmaker from liquidation and places a new company
      ■AP; AP, AFP  -  637 words
    • 424 3 [SINGAPORE] Swiss banking giant Credit Suisse has snared the top private banker of its Swiss rival, ÜBS Singapore. Tee Fong Seng, the former head of wealth management Southeast Asia and deputy branch manager for ÜBS Singapore, will join Credit Suisse as vice-chairman and
      FILE PHOTO  -  424 words
    • 398 3  -  S JAYASANKARAN By in Kuala Lumpur MALAYSIA-BASED gaming conglomerate Genting has paid US$lOO million for a 3.2 per cent stake in US casino operator MGM Mirage, an official with the US company said yesterday. "We take this as a sign of great confidence in
      398 words
    • 195 3 THE Singapore Red Cross (SRC) is appealing for cash donations as part of a month-long public drive to raise funds to help hundreds of thousands of internally displaced persons (IDPs) in Sri Lanka. Housed in IDP camps, they urgently need food, shelter,
      195 words
  • Page 2 Advertisements
    • 24 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES Hi
      24 words

  • Page 3 Advertisements
    • 85 3 w^^ p^- 16 to 18 July 2009 The Ritz-Carlton, Millenia Singapore ""L"" j^^Cl or re9 ls^a^on and enquiries, please visit our website: r^Ti^TftrT|C>J|ra7 'www.rml.nus.edu.sg or contact Ms E/een Lou. +65 6516 7127(rmilyh@nus.edu.sg) s 7 ereso Tang: +65 65 j 6 7215 (rmittyl@nus.edu.sg) Organized by the Risk Management Institute (RMI), National
      85 words

  • COMPANY NEWS
    • 141 4 RAFFLES Education Corporation is placing out 160 million new ordinary shares to raise some $99.6 million net based on an indicative issue price of 63 cents apiece. The company said yesterday that Credit Suisse (Singapore) and Nomura Singapore will be the placement agents. Raffles
      141 words
    • 488 4  -  RONNIE LIM Speculation stems from trend of refiners modifying plants to handle more difficult crudes By PETROCHINA, which is buying Singapore Petroleum Company (SPC), will likely want to make changes at SPC's Singapore refinery so that it can process heavy crudes including
      BLOOMBERG  -  488 words
    • 696 4  -  JOYCE HOOI AS MORE companies see the value of their assets for sale taking a nosedive, a long-simmering over the application of International Accounting Standard 39 (lAS 39) has heated up even as the stock market has cooled especially where impairment
      696 words
    • 375 4  -  JAMIE LEE By THE trademark infringement lawsuit filed by a Taiwanese company against Singapore Telecommunications (Sing Tel) over its "mio" logos was dismissed as there was no "likelihood of confusion" between the trademarks of the two firms, ruled the High Court. Taiwan-listed
      375 words
    • 454 5  -  VINCENT WEE Deal from CUEL could be worth an initial USslom; that in Brazil potentially worth US$l4-18m By SHARES of Thailand-based offshore services company Mermaid Maritime rebounded yesterday as news of more contracts sent the counter up as much as 9.7 per cent
      454 words
    • 316 5 Australand partners Aussie developer on public housing project in Victoria CAPITALAND'S Australian unit Australand is partnering another property group for a As3oo million (*****.3 million) public housing redevelopment project in Carlton, Victoria. Through a joint venture with St Hilliers, Australand will be replacing
      316 words
    • 338 5 It is launching eye and vision and ENT services at Mt Alvernia in July HEALTHWAY Medical Corporation has announced plans to launch Nobel Eye and Vision Centre and Nobel ENT Centre at Mount Alvernia Hospital and Mount Alvernia Medical Centre respectively, next month. The eye and
      338 words
    • 434 5  -  JOYCE HOOI Only 3 in 10 risk professionals feel principles are sound By CORPORATE soul-search-ing amid the fallout from the global credit crisis has yielded bleak, but hardly surprising, results. Only one third of 334 senior risk professionals surveyed have any faith left in
      STOCKXPERT  -  434 words
    • 419 7  -  VICTOR KATHEYAS Index comprises a diversified basket of 24 futures contracts across 3 asset types By THE Royal Bank of Scotland (RBS) has partnered Alpha Financial Technologies chief executive Victor Sperandeo also known as "Trader Vie" to develop a managed futures
      419 words
    • 175 7 SINGAPORE wiU be joining the Basel Committee on Banking Supervision, which provides a forum for central bankers to cooperate regularly on banking supervisory matters. The Bank for International Settlements yesterday said that it had decided to broaden its membership and to invite
      175 words
    • 331 7  -  JOYCE HOOI It lodges preliminary document; will be sponsored by Prime Partners By JLJ Holdings is planning to seek a listing on the Catalist board of the Singapore Exchange through an initial public offering. Yesterday, the precision plastic injection mould maker became the second company
      331 words
  • Page 4 Advertisements
    • 1614 4 '^t- JACKPOT s 1,500,000. TODAY! Sales Close at 6pm Draw at 6.30pm at PoMo SINGAPORE t=LAYi Always ploy with care. Towards Community hspondblyf Do not bet illegally. Purpose and Benefit •^J BCB Reg No. *****0202G I A MAIS Sffly NICO STEEL HOLDINGS LIMITED A^C^ (Incorporated in the Republic of Singapore]
      1,614 words

  • Page 5 Advertisements
    • 150 5 Dr. John C. Maxwell LIVE in Person! Building The Leadership Team For Outstanding results m A strong Team of Leaders creates the multiplier effect gj for massive growth. Everything rises and falls on Vv^s£JL^V I Leadership." uUluLiffl John C. Maxw/e// jtf H VUXWELL [I I ■goj M s A I
      150 words
    • 139 5 -A I-' Silver League Final: Saturday 13 June From 4pm Onwards Gold cup match: Sunday 14 June from 4pm onwards Guest Of honour: Mr. George yeo, Minister for foreign Affairs LADIES BEST HAT AWARD TO RECEIVE AN AUDEMARS PIGUET PENDANT VALUED AT 554,900! This Prestigious Event is Open to The
      139 words

  • SINGAPORE MARKETS
    • 575 6  -  R SIVANITHY STOCKS Inspiration likely to have come from expectations that Wall Street will resume uptrend AN AFTERNOON spurt in Hong Kong that took the Hang Seng Index up sharply led to an immediate bounce here, ending with the Straits Times Index gaining 41.35
      : Bloomberg  -  575 words
    • 93 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 14 1 2 0 0 0 14 1 2 lanufacturing 85 42 63 11 94 50 74 Commerce 35 14 20 39 15 25 'pt/Stor/Comms 31 32 :inance 20 20 Construction 17 18 'roperties 35 35
      93 words
    • 117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24,453 24,453 68,856 68,856 lanufacturing 446,384 117,048 563,432 339,788 9,781 349,568 lommerce 377,773 6,545 384,318 165,721 1,279 167,001 'pt/Stor/Comms 212,820 479 213,299 275,871 88 275,960 :i nance 23,970 23,970 186,635 186,635 lonstruction 110,258 8,661 118,919 18,884 200 19,084 'roperties
      117 words
    • 104 6 lapitaLand 3.890 +0.220 lapitaMall 1.440 +0.030 jtyDev 9.420 +0.330 lomfortDelGrc 1.310 +0.010 losco Corp 1.430 +0.070 IBS Grp 12.680 +0.160 :&N 3.900 +0.260 ienting SP 0.695 +0.010 iolden Agri 0.450 +0.020 IK Land 3.300 IMH 25.020 -0.040 ISH 14.020 +0.220 lardineC&C 17.200 -0.360 Ceppel Corp 7.270
      104 words
    • Article, Illustration
      916 6  -  JOYCE HOOI Property Sector DMG PARTNERS SECURITIES, June 10 UPGRADE to "overweight", on the back of bottoming of physical prices in Ql 2009, narrowing mid to prime price differential driving interest in prime properties, evidence of mass market volume flowing to mid and prime properties and a return
      : Bloomberg  -  916 words
    • 487 6 Reuters CURRENCIES [LONDON] The US dollar fell against higher-yielding currencies yesterday, prodded lower by a retreat in risk aversion as global stock prices were lifted by investor optimism about an improvement in the global economy. The US currency struggled, having relinquished gains made early in
      ■ Reuters; REUTERS  -  487 words
    • 4 6 DAILY
      4 words
    • 57 6 CLOSE BT OB/OS 498.00 -1.0 BT CADI -*****.00 +222.0 BT 10-day MA -*****.00 +50.0 FTSE ST Mid Cap 551.14+14.88 FTSE ST Small Cap 461.27+12.25 FTSE ST All Share 586.56+11.31 FTSE ST China Top 253.79 +7.50 FTSE ST China 251.97 +6.96 UOB Catalist 107.86 +1.47 SIMSCI 290.50 +5.55
      57 words
    • 56 6 VOLUME Diqiland 121,055,000 Abterra 91,460,000 Gentinq SP 86,096,000 Equation 74,557,000 CapitaComm R 63,804,000 Midas 52,572,000 Golden Agri 51,283,000 Swiber 51,161,000 EuNetworks 50,169,000 ChinaNTown 48,150,000 VALUE(S) Capita Land 131,600,610 Wilmar 75,520,470 Cosco Corp 63,640,250 Keppel Land 60,596,970 Sing Tel 60,382,820 Olam 59,769,970 Gentinq SP 59,041,310 Noble Grp 54,397,360
      56 words
    • 101 6 CLOSE UP LD 10US$ 9432 101.4 0.7 China H 10US$ 1425 101.4 5., ;txpo ioo 1474 48.0 3.. MS India 10US$ 1269 42.0 2. ICBCCai 5.1%NCPS 100 9440 40.0 0.. IOB.ES.0906 1564 34.0 2., At 942 33.0 3.' Cor| i.ES.0906 719 32.0 4. ISH 1402 31.9 At ES.0906 943
      101 words
    • 113 6 CLOSE DOWN 40-492.6 -89.5 'hai Prime Fd DBXT FTVietnam 10US! 5072-284.0 -3.7 DBXT S&P Short 10US! 6608-133.3 -1.4 lardine C&C 1720 -36.0 -2.1 imei iNav 1740 -20.0 -1.1 IMH 2502 -5.8 -0.2 H Ro' 265 -5.0 -1.9 ICBC BkMBLePW*****2 23 -4.5 -16.4 ;TI2100 DBePW*****1 21 -4.5 -17.6 m 2200BNPePW*****8
      113 words
    • 85 6 Wh lere S! stands Jun 10 %CHNG CLOSE FRJUI19 YR2009 S$ LOW S$ HIGH uss 1.4489 0.78 1.5579 1.4308 Euro 2.0396 -0.28 2.0732 1.9150 Pounds 2.3711 -0.59 2.3860 2.0356 1.1611 -0.16 1.1776 0.9453 ren* 1.4786 0.66 1.7278 1.4831 Rupiah* 0.***** 0.41 0.***** 0.***** Baht* 4.2527 0.22 4.3390 4.1040 Peso*
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  • Page 7 Advertisements
    • 132 7 ;i 11 t«,,»»2— Spinelli outlet at m $5.50 and get a PR complimentary jlil Spin or Latte! CHALLENGES AND IBM OPPORTUNITIES BHB 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
      132 words
    • 1709 7 V*^L kTrv^TT/nr r> To"free: 180°-289-8822 V IVI fl Lf V Email: notices@sph.com.sg JL^I V*>/ JL I V.v 1 i|_l www.cats.com.sg JACKSPEED CORPORATION LIMITED Registration No: *****0300W (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at
      1,709 words

  • SINGAPORE NEWS
    • 332 8  -  OH BOON PING Diploma courses launched, groups formed to develop technologies By RESEARCH body A*Star yesterday unveiled a couple of initiatives to boost the capabilities and manpower development of Singapore's precision engineering (PE) industry. The first is the formation of two technology consortia where
      332 words
    • 456 8  -  LEE U-WEN By EVERY square metre of exhibition space has been snapped up. More than 400 companies have signed up to showcase their products and innovations. At least 20 government ministers from around the world are attending. Little wonder then, that organisers
      FILE PHOTO  -  456 words
    • 407 8  -  JESSICA YEO By SINGAPORE is now the 10th most expensive city in Asia for expatriates, despite its weakened currency, a survey shows. Having moved up three notches from its previous ranking of 13th place in ECA International's survey on cost of living a year
      407 words
    • 369 8  -  EMILYN YAP By LOCAL and foreign developers continue to offer properties in Singapore as market sentiment stays up and the June school holidays come around. BT understands that projects such as Residences Killiney and One Devonshire may enter the market soon. And marketing
      369 words
    • 106 8 IF you missed out on last week's promotion, don't worry. Buying The Business Times Weekend this Saturday will entitle you to a free L'Oreal's Men Expert Pure Matte Anti-Sebum Cleansing Foam worth $5.90. Enriched with the powerful agent ADS™ Active Defense System, this clean- ser
      106 words
  • Page 8 Advertisements
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      1,882 words

  • ECONOMY WATCH
    • 682 9 Reuters April data suggests bounce in output, exports not spurring capital investment [TOKYO] Japan's core pri-vate-sector machinery orders fell unexpectedly in April, suggesting firms are not confident that a bounce in industrial output and exports will be sustained enough to resume capital investment. Despite growing
      Reuters  -  682 words
    • 590 9 Bloomberg [WASHINGTON] President Barack Obama urged Congress to toughen rules requiring lawmakers to finance the cost of spending initiatives and tax cuts with offsetting savings in the government's budget. "We have several imperatives at this difficult moment in our history," Mr Obama
      Bloomberg  -  590 words
    • 482 9 Reuters BRIC nations Brazil, Russia, China and India, the so-called BRIC group of emerging powers, have gained clout on the global stage in the past decade as their economies grew faster than those of developed countries. [MOSCOW] The global crisis means
      Reuters; REUTERS  -  482 words
    • 503 9 AP, Bloomberg, Reuters But China climate ambassador says it is not enough [TOKYO] Japan yesterday unveiled a more ambitious target to cut its greenhouse gas emissions by 2020, vowing a reduction of 15 per cent from its 2005 level. Prime Minister
      AP, Bloomberg, Reuters  -  503 words
    • 487 9 Reuters [MOSCOW] Russia threw its 16-year bid to join the World Trade Organization (WTO) into jeopardy on Tuesday when Prime Minister Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics. Mr Putin, announcing plans to
      Reuters  -  487 words
    • 232 9 Reuters [HONG KONG] Emerging economies in Asia may outperform developed markets on the road to recovery if their exporters can capitalise on rebounding growth in China to escape sluggish US and European markets. But some exporters and economies in the region
      Reuters  -  232 words

  • MALAYSIA/INDONESIA
    • 482 10 Reuters This is due to asset prices in M'sia not falling as sharply as other Asian markets [KUALA LUMPUR] Cashrich Malaysian firms are looking abroad for merger and acquisition (M&A) opportunities because asset prices at home have not fallen as sharply as in
      – Reuters  -  482 words
    • 320 10 Reuters [BANGKALAN, Indonesia] Indonesia officially opened its longest bridge yesterday, one of the few major infrastructure projects to be completed in South-east Asia's biggest economy since the crisis of the late *****. The government of President Susilo Bambang Yudhoyono, who is seeking a second
      Reuters; REUTERS  -  320 words
    • 439 10 Reuters It sold 520.5 million shares at 6,000 rupiah a share [S ING APORE/JAKARTA] Heidelberg Cement raised about US$3lO million after cutting its stake in Indonesia's PT Indocement Tunggal Prakarsa to around 51 per cent to reduce debt, two sources with knowledge of the deal
      Reuters  -  439 words
    • 374 10 Reuters [KUALA LUMPUR] Malaysia's April factory output fell 11.4 per cent in April, better than expected, but in spite of a deceleration in the decline analysts say a recovery in industrial activity is unlikely until year-end. The data surprised economists,
      – Reuters; BLOOMBERG  -  374 words
    • 264 10 Reuters [KUALA LUMPUR] Malaysia has appointed the country's head of a global anti-graft body to oversee a scandal-plagued free-trade zone, as the government moves to tackle allegations of corruption that have eroded its popularity. Paul Low, president of the Malaysian chapter of Transparency
      ■ Reuters  -  264 words
  • Page 10 Advertisements
    • 57 10 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experience ofsomeofthemost influential thinkers, corporate chiefs ft^ and social activists of the age fL± /J WL V. /J 2%ifl Fa M//A HF Raffles Conversations V\ XC\ V'X%X"C^ AcollectionfromThe Business Times 4 \°\\'\,.%^'V^%-'^ Availableatallleadingbookstores /V*^,\ Sv o '%,/*v\ s
      57 words

  • GREATER CHINA/INDIA
    • 627 11 Reuters Media reports point to upside surprises in output, bank lending, investment [BEIJING] Chinese consumer prices fell in the year to May for the fourth month in a row, but at a slightly more moderate pace, reassuring economists who play down the
      ■ Reuters; AP  -  627 words
    • 458 11 -AP It would be willing to step in if rivals' bids fail: reports [SHANGHAI] Beijing Automobile Industries Holding, China's fifth-largest carmaker, is manoeuvring to acquire General Motors's Opel or Saab units if other potential deals fall through, reports said yesterday. A group
      -AP  -  458 words
    • 487 11 Bloomberg RBI seen raising borrowing costs to ward off inflation [SINGAPORE] India's central bank may start increasing interest rates in early 2010 as inflation accelerates at more than double the expected pace, Goldman Sachs said. "Policy easing is at an end," Tushar
      – Bloomberg  -  487 words
    • 821 11 Bloomberg Tax cuts and subsidies help fuel waiting lists [BEIJING] Zhao Hang, who helped devise China's auto-stimulus package, is in demand from car buyers battling an unexpected consequence: two-month waiting lists. "Eight friends have asked me to make calls or write
      – Bloomberg  -  821 words
    • 497 11 Reuters [BANGALORE] India's Satyam Computer Services released figures on Tuesday showing it stayed profitable even after being hit by India's biggest corporate scandal, sending its shares and those of its new parent surging. Satyam, which once ranked as India's No 4
      ■ Reuters; AP  -  497 words

  • ASIA-PACIFIC/WORLD
    • 705 12 AFP, Reuters, Bloomberg Arcandor collapses after govt rejects call for aid; Thomas Cook up for grabs [FRANKFURT] Leading German retailer Metro wants to snap up insolvent rival Arcandor and possibly list a new group on the stock exchange, Metro boss Eckhard Cordes said yesterday. Arcandor,
      AFP, Reuters, Bloomberg; AFP  -  705 words
    • 715 12 Reuters They are considering how they may need to respond [TEL AVIVlJust as policymakers push for transparency in financial markets to apply lessons from the credit crunch, more share trading in Europe is moving into the dark and regulators have taken note. Senior securities
      ■ Reuters  -  715 words
    • 588 12 Reuters [LUXEMBOURG] The European Central Bank (ECB) should consider the possibility of further cuts to its main refinancing rate, the International Monetary Fund (IMF) said on Monday in a regular report on the euro zone. The report also concluded that stimulus moves launched
      Reuters  -  588 words
    • 371 12 AP [BANGKOK] Thailand's globe-trotting, fugitive former leader Thaksin Shinawatra is no longer welcome in Germany and will be arrested if he returns there, a foreign ministry official said yesterday. The foreign ministry was notified about the ban in an official letter from the
      AP  -  371 words
    • 372 12 Reuters, Bloomberg [NEW YORK] Citigroup Inc began a long-delayed US$5B billion stock swap on Wednesday that is expected to make the US government the bank's largest shareholder by far with a 34 per cent stake. The nation's third-largest bank plans to swap common stock for
      Reuters, Bloomberg; REUTERS  -  372 words

  • WORLD
    • 719 13 ■AP Architect of AT&T's rebirth picked to help restructure carmaker's operations [DETROIT] Edward E Whitacre, the architect of AT&T's rebirth as the nation's largest telecommunications company, will now try to restore glory to another faded American institution, General Motors. GM said on Tuesday
      ■AP  -  719 words
    • 407 13 ■NYT [NEW YORK] Opening a new front in the US government's battle against Internet gambling, federal prosecutors have asked four American banks to freeze tens of millions of dollars in payments owed to people who play poker online. The frozen payments of
      ■NYT  -  407 words
    • 516 13 AP [NEW YORK] Luxury merchants shouldn't expect affluent shoppers to go back to splurging anytime soon, says Claudia D'Arpizio, partner and luxury goods expert at consulting company Bain Co. The company, in fact, anticipates that the global luxury business will not fully rebound until 2012.
      AP; AFP  -  516 words
    • 470 13 -Reuters [NEW YORK] Letting 10 of the biggest US banks repay US$6B billion to the government may loosen Uncle Sam's grip on an industry still far from a recovery, but it also doesn't mean the banking industry is out of the woods. Analysts
      -Reuters  -  470 words
    • 398 13 AFP Plan to insure 46m Americans without coverage unveiled [WASHINGTON] Democratic lawmakers on Tuesday took a first step toward fulfilling President Barack Obama's promise to overhaul healthcare, outlining a plan to insure around 46 million Americans without coverage. Lawmakers embarked on what promises
      AFP  -  398 words
    • 287 13 Bloomberg [NEW YORK] Chanel SA, known for its quilted handbags and No 5 perfume, has won a judge's award of U*****,818 against an online company for selling knock-offs of the company's trademarked handbags and wallets. US District Judge Joseph Greenaway imposed the judgment
      Bloomberg  -  287 words
    • 1157 14 -IHT By the end of the first quarter, the index for postwar and contemporary art was down 33 per cent for the year [NEW YORK] SINCE Lehman Brothers filed for bankruptcy protection in September, and Kathy Fuld, wife of its chief executive, signalled the
      -IHT; AP  -  1,157 words
    • 966 14 ■NYT Surge in iPhones, Blackßerrys forecast to rise 25% in '09 [NEW YORK] In today's re-cession-racked economy, penny-pinching is a national pastime in the US. But people are still opening their wallets for smartphones. Sales of Blackßerrys, iPhones and other smartphone models are rising smartly
      ■NYT; I BLOOMBERG  -  966 words
    • 612 14 Reuters [NEW YORK] Bigger-breasted chickens fattened artificially. New strains of deadly E coli bacteria. A food supply controlled by a handful of corporations. The documentary Food, Inc opens in the United States on Friday and portrays these purported dangers and changes in the
      Reuters  -  612 words


  • SINGAPORE ARTS FESTIVAL 2009
    • 462 15 Choir to perform with solo viola, string orchestra, reports CHRISTOPHER LIM THE viola has been so overshadowed by its illustrious cousins the violin and cello that it's about time a world famous violist such as Yuri Bashmet came here to do it justice. Bashmet is
      462 words
    • 484 15  -  LIM WEN JUIN By THE hills might be alive with the sound of music, but where The Original Tempo is concerned, music can be found anywhere. The Japanese group's Shut Up, Play! takes place this weekend as part of the Esplanade's Flipside programme,and shows how
      484 words
  • Page 15 Advertisements
    • 20 15 dS? e^ wat^ BUY IT- SELL IT- FIND IT Head to CATS FASTADS in The New Paper for job opportunities!
      20 words
    • 52 15 W^9 fI9L ng fra THE heartbeat of the indian community MfflllVC iF^T MIKHP EGG BAZAAR IUJUHI d DEO I milayy Fertility tourists are flocking to the country 111 I rtl W M r~^f^ H IsSonal W s' v Chauhan JH MISS Y^ Controversy J^s*F Wm 1L of Indian w^--i^^^^^&^ -i
      52 words

  • AVIATION
    • 1036 16 Bloomberg Victims' families entitled to at least US$l5O,OOO for each passenger [NEW YORK/PARIS] The Air France crash that killed 228 people may be the most costly airline disaster since 2001 as insurers led by AXA SA compensate victims' families and pay for the loss
      – Bloomberg; AP  -  1,036 words
    • 2599 16 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: 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:
      2,599 words
    • 250 16 ■AFP But it issues safety info in case of faulty speed indication [BERLIN] Airbus models including the A 330 are "airworthy" and "safe to operate", the European agency for air safety said on Tuesday following the Air France disaster. All 228 passengers
      ■AFP  -  250 words
    • 141 16 Bloomberg [SHANGHAI] China Eastern Airlines Corp, whose shareholders blocked a deal with Singapore Airlines last year, expects to win support for a new combination that will give it a 50 per cent share of traffic in Shanghai. "History won't repeat itself," board secretary Luo
      Bloomberg  -  141 words
    • 314 16 AFP [WASHINGTON] Two top US officials said on Tuesday that aviation authorities would tighten control on the training of regional pilots, following a deadly mid-February airplane crash in New York state. Transportation Secretary Ray LaHood and Federal Aviation Administration (FAA) chief Randy Babbitt
      AFP  -  314 words
  • Page 16 Miscellaneous
    • 251 16 CRYPTIC CROSSWORD ACROSS forrn;^ (4) __^^^^^m^^h J^^^H|~ _J^^^H^^^^ J^ /r\ _J I I I I l__ I _l I Cy \d) I 1 26 Old scoundrel running sporting events (9,6) gSK^n Pans, one 3 Time is against us (5) with a bloomer (7) 14 Previously a number was an- YESTERDAY'S
      251 words

  • SHIPPING
    • 507 17 Bloomberg Japan's third-largest shipping line has laid up 11 of its 98 container ships [TOKYO] Kawasaki Kisen Kaisha Ltd, Japan's third-largest shipping line by sales, may cut as much as three billion yen (5544.4 million) in additional costs and reduce European container
      ■ Bloomberg; BLOOMBERG  -  507 words
    • 262 17  -  VINCENT WEE The vessels are for European wind-farm construction By [SINGAPORE] Drydocks World-Southeast Asia (DDW-SEA), the regional unit of Dubai-based Drydocks World, has signalled its growing prominence in the construction of specialised vessels with the delivery of two jack-up barges meant for wind-farm construction in
      262 words
    • 488 17 Reuters [OSLO] The European Commission is preparing measures to cap carbon emissions from shipping if the global maritime industry fails to come up with its own proposals soon, an official of the EU executive body said on Tuesday. A Copenhagen conference in December is
      – Reuters  -  488 words
    • 207 17 Reuters [SHANGHAI] China, the world's top ship builder, aims to boost production to 50 million tonnes in 2011, according to a detailed plan aimed at supporting the domestic ship building industry. The country also plans to expand its share in the global
      Reuters  -  207 words
    • 356 17 -AP [STOCKHOLM] After a decadelong search, a team of Baltic Sea divers has discovered the wreckage of a Soviet submarine that sank with dozens of sailors aboard during World War 11, one of the divers said on Tuesday. They found the S-2
      -AP; REUTERS  -  356 words
    • 147 17 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities that almost doubled last month, may have peaked for this year, according to Clarkson pic, the world's largest shipbroker. The gauge rose to 4,291 points on June 3 in a
      – Bloomberg  -  147 words
    • 129 17 AP [KUALA LUMPUR] Malaysia's coast guard has rescued 70 illegal Indonesian migrants from a rickety boat that probably would have sunk at sea. Coast guard official Che Hassan Jusoh yesterday said that a patrol boat spotted the Indonesians trying to return home from Malaysia in an
      AP  -  129 words
    • TRANSPORT STOCKS
      • 102 17 '000 lun :H Offshore Ihuan Hup Hldgs losco Corp ZWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks laya Hold Ltd <1Ventures <eppel Corp VlTQCorp MOL Pacific Shipping 3an-United Corp Rickmers Mari iamudera Ship iembcorp Indust iembcorp Marine ipore Ship 0.52 0.25 1.42 0.54 1.32 0.64 0.06 ....unch
        102 words
      • 37 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.90 8.65 8.55 3.26 2.78 0.03 0.12 0.02 771 0.15 380 0.10 158 -0.02 987 -0.01 21 0.01 56 0.02 *****
        37 words
      • 12 17 '00 ■recious Ship Jegional Cont 17.40 8.90 0.30 0.20 373! 292I
        12 words
      • 11 17 '000 Doil iingamas Cont .35.55 ...1.02 1.35 1611 0.01 *****
        11 words
      • 17 17 '000 Aboitiz Equity Intl Container Keppel Marine 6.90 17.25 unch unch 0.50 unch 202 3037 0
        17 words
      • 23 17 lun Evergreen Marine ...17.20 :irst Steamship 44.25 /Van Hai Lines 15.75 r"ang Ming Marine...12.50 -0.10 unch -0.05 -0.05 11 5 3 14
        23 words
      • 37 17 '000 (awasaki Hvylnd...250.00 34.00 *****3 (awasaki Kisen 449.00 27.00 ***** Mitsubishi Hvy 378.00 5.00 ***** i/litsui Eng&Sbldg...239.00 10.00 ***** 1/litsuiOsk Lines ....691.00 36.00 ***** Nippon Express 410.00 6.00 4502 JipponYusen 456.00 19.00 ***** 'iource: Thomson Reuters
        37 words

  • EDITORIAL & OPINION
    • 428 18 THIRTY-FIVE years after former Chinese premier Zhou Enlai and Malaysia's second prime minister Abdul Razak Hussein established diplomatic relations, the latter's son, Najib, took bilateral relations a step further in his first official visit to Beijing last week as Malaysia's fifth premier. To be sure,
      428 words
    • 1040 18  -  ROBERT F CULLEN The current crisis shows that low-probability but high-impact risks can materialise By ID the current global economic downturn really A catch the world by surH prise, or were companies guilty of inadequate risk planning or not acting on gaps that
      FILE PHOTO  -  1,040 words
    • 777 18  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE TO make sense of today's most perplexing economic debate whether America is flirting with inflation or deflation it's worth recalling what happened after World War 11. Under intense political pressure, President Harry
      The Washington Post Writers Group  -  777 words
    • 942 19  -  SHADA ISLAM Rabidly xenophobic politicians, including those with anti-immigration policies, have been elected to the EU Parliament IT WAS a study in contrasts. Only days after US President Barack Obama made a rousing speech in Cairo on June 4 about Islam in America and his
      REUTERS  -  942 words
    • 842 19  -  LEON HADAR IN THE aftermath of his Cairo address to Muslims last week, neoconservative critics of US President Barack Obama's foreign policy are portraying him as a spacey idealist who, in the tradition of president Woodrow Wilson, is trying to recreate the international
      AP  -  842 words
    • 753 19  -  PAULTHAM By BOTH the Six Sigma and Lean methodologies have traditionally been used by companies in the manufacturing industry to drive quality improvements. In the last two decades, users of these methodologies have systematically identified the causes of waste and defects, so as to re-engineer their
      753 words


  • SINGAPORE STOCKS
    • 8771 20 Transaction date: Jun 10 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr P/E Smil ian] 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8 1 1100 AEM 23 7 2101 APOil 71 26.5 5550
      8,771 words
    • 1636 21 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 4 05 1501 s Advanced System 9.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 15.2 2 1524 t Alantac 19.5 3.5 7814
      1,636 words
    • 357 21 Hi. Low Code Comi Sale COOP) Hi. Low Big Seller Cvr P/E imil 109 100 6389 ABFSG Bond ETF 109 921 427 CIMBAsean40 100US$ US658 +17 246 149 DBS STI ETF 100 239 +4 2772 1682 DBXT FTChina25 10US$ ....US2752 5268 3228 DBXT FTVietnam 10US$....US5072 -196 1388 850
      357 words
    • 244 21 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
      244 words
    • 9311 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.821/ AIGIF Spore Bond Fund/A 1.254/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.94/ APS Alpha Fund (USD)!** 0.65/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5128/ APS Komaba Global
      9,311 words
  • Page 20 Advertisements


  • FINANCE & COMMODITIES
    • 370 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 9 World Index Preliminan 711.9 -0.1 5.0 0.5 7.7 0.5 6.1 EAFE Preliminai 677.7 -0.2 4.4 1.0 7.7 1.1 6.6 Euro[ Preliminan 931.0 0.2
      370 words
    • 125 22 As at 9am Jun 10 )i foreign currency: lurrencies Bid Offer lust dollar 1.1530 1.1880 .an dollar 1.3070 1.3220 luro 2.0290 2.0520 IZ dollar 0.9030 0.9230 iterlini ind 2.3550 2.3810 JS dollar 1.4430 1.4600 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer :hi
      125 words
    • 152 22 Jun 10 )vernight 1/16 I-month 7/16 'months 9/16 3-months 11/16 Overnight mode: 0.20 JS$ Offer 1/32 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.42 0.75 0.85 1.20 1.80 2.00 Offer 0.25 0.32 0.45 0.55 0.90 1.50 1.60
      152 words
    • 11 22 Jun 10 STI IIMSCI Jun 284.0 291.4 291.2
      11 words
    • 20 22 Jun 10 SS Bid Offer 1-month 1.4489 1.4520 2-months 1.4489 1.4520 3-months 1.4488 1.4519 6-months 1.4486 1.4519
      20 words
    • 61 22 Jun 10 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low lun 09 2475 lul 09 2486 <\ug 09 2485 5ep 09 2480 Total o/p: ***** contracts 2500 2500 2465 2502 2502 2455 2501 2501 2451 2499 2499 2452 Turnover: ***** Market tone:
      61 words
    • 299 22 Jun 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3550 99.2000 98.8000 98.4600 4890 ***** 5149 4043 EUROYEN TIBOR FUTURES JunO9 99.445 99.445 SepO9 99.515 99.515 DecO9 Mar10 Jun10 99.475 99.475 Sep10 Dec10 Mar11 99.445 99.500 99.475 99.445 99.515 99.535 99.525 99.495
      299 words
    • 179 22 Jun 10 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lul 09 171.0 \ug 09 iep 09 Dct 09 \lov09 Dec 09 171.0 171.0 171.0 171.0 171.0 171.0 171.0 127 752 546 658 1036 904 1232 FSR 20 (US
      179 words
    • 89 22 Jun 10 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****V 10.09.09 -Year BY*****W 03.05.10 0.23 0.34 0.16 0.16 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year N*****0E 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      89 words
    • 100 22 Jun 9 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1243.50 1232.50 1249.00 1226.75 Aug 09 1177.25 1166.50 1180.00 1162.00 Sep 09 1110.00 1096.00 1113.00 1091.00 Nov 09 1072.50 1051.75 1075.75 1049.50 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 39.45 39.40 39.89 39.22
      100 words
    • 75 22 CRUDE OIL PRODUCTS Jun 9 origin^ t/barrel Close Cham irent blend (1-Mth F) 69.80 0.91 WTI (Near Mth) 69.96 1.29 iubai (1-Mth F) 68.52 1.38 "apis blend 72.95 1.30 i/linas 71.50 1.30 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S0.95 75.20 0.95 2.32 US$/barrel )pec Oil Basket Price
      75 words
    • 447 22 Jun 10 iuro 'en (on 'eso lam 'ouni Australia 0.886 5.485 0.570 6.220 37.767 80.726 0.780 10.088 2.819 1.277 64.597 38.108 1.164 6.510 0.865 26.293 27.376 0.492 0.802 Canada 1.129 6.192 0.644 7.022 42.637 91.136 0.880 11.388 3.183 1.442 72.927 43.022 1.314 7.349 0.976 29.684 30.905 0.555
      447 words
    • 68 22 Jun 10 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • 149 22 Jun 10 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1625 1.1653 0.8023 0.8026 Canadian dollar 1.3124 1.3155 0.9058 0.9060 luro 2.0386 2.0433 1.4070 1.4073 IZ dollar 0.9101 0.9124 0.6281 0.6284 Sterlinc 2.3639 2.3695 1.6315 1.6320 IS dollar 1.4489 1.4519 >$IUS$
      149 words
    • 132 22 Jun 10 /oz) lun lun Hong Kong .ondon 959.00 950.40 960.00 951.40 Jun 09 Jun 08 953.90 947.80 954.70 948.80 Source: Thomson Reuters CAST BAR (S$) Jun 10 Buying Sellini Kilobar "47,831.14" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™
      132 words
    • 69 22 Jun 9 luminium, 99.7% urity (US$/tonne) Close Previous Cash 1635.40 3 months 1663.00 1590.00 1620.00 Copper, Grade A (US$/tonne) Cash 3 months 5149.50 5170.00 4960.00 4980.00 Lead (US$/tonne) Cash 3 months 1706.50 1730.00 1647.00 1669.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 73 22 Jun 9 (£/tonne) Close Prev Hii ih/Low lul 09 1780 1764 1790/1760 iepO9 1782 1765 1793/1761 Dec 09 1775 1759 1786/1755 War 10 1765 1751 1775/1747 IOFFEE (US$/tonne) Close Pev High/Low ul 09 1544 1537 1559/1532 iepO9 1557 1549 1570/1548 Mov09 1567 1560 1578/1568 SUGAR (US tonne) White Close
      73 words
    • 2451 22 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 >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital Ltd W*****7 7 0.5 18 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 12 3 228 >878Aztech Systems
      2,451 words

  • Page 23 Advertisements
    • 3536 23 The Business Times Shipping Times A HHV KPI T WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M r^w £^^^V -H^P ZJE iliß.y_ytWu-M-ffilJL.- I%TTII\IAfAI-l MAI I Ilirr TEL.*****55S (KLINES) FAX:*****163 1 A __rlll S flll^Tl^_l WfP^WWfIBHSWHH --.-PWM-MPSlr^fflWWpil I\\ \l^ I WAN HAI INt--) PKL TEL: <03) *****85S FAX: (03) *****288 PEN
      3,536 words

  • Page 24 Advertisements
    • 5068 24 WSSM 19 R IIrFT EASTERN CAR LINER, LTD iFi^f 111 _H ill __^__kV__^__^__H uL-!__-—1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B__E_B *****1111.**********111._^-^-^-M 111 mp(KT) I Liltina(KT) I MNL I MUA I SIN I PKL I JKT lUP I VOY !TA !TD IstiMn PCL/PHL SERVICE AMX SERVICE Connecting ECL
      5,068 words

  • BizIT
    • 830 25 Report shows companies are moving away from cost benefits to environmental concerns, writes AMIT ROY CHOUDHURY SENIOR-LEVEL IT executives in Singapore and elsewhere in Asia are more willing to pay extra for energy efficient products than their global counterparts. This finding
      830 words
    • 701 25  -  LIM KOK HIN <you say> By IN TODAY'S fast-paced and changing business environment, companies must simplify the way they do business in order to survive. The corporate mantra has become: "Do more with less" yet at the same time, companies must increase marketing
      701 words
    • 145 25 Reuters [HELSINKI] Global sales of semiconductor equipment are expected to almost double next year, after a 56 per cent fall in 2009, industry association SEMI said yesterday. SEMI said spending on chip plant construction projects has seen a consistent quarterly decline since
      Reuters  -  145 words
    • 559 25  -  WINSTON CHAI By THE bargain-hunting instinct that Singaporeans are famous for is luring tech companies out in full force at the PC Show in their search for a silver lining during the economic gloom. And this has helped maintain the scale of
      FILE PHOTO  -  559 words
  • Page 25 Advertisements
    • 45 25 Call 6-594 7593 for more info or join our weekly demo class A SAS 70 Compliant status conferred to a service provider is a testimony that it meets international risk control standards to protect clients' data and confidentiality PAYOAYI Payroll Serve time to relax www.PayrollServe.com.sg
      45 words
    • 272 25 IT for Non-IT Professionals Date: 15th June 09 (Mon) Time: 9.00 am 11.00 am (Registration starts at 8.30 am) Venue: 8 Wilkie Road #03-08 Wilkie Edge Who should attend: Singapore *****5 Finance Accounts HR and Admin Managers This seminar will equip non-IT professionals with basic IT terminologies as well as
      272 words

  • PROPERTY
    • 1250 26 NYT Sheik Sulaiman al-Fahim is at the centre of a storm over persistent delays involving Hydra Village [ABU DHABI, United Arab Emirates] The Middle East property boom has produced more than its share of dream-spinners and dealmakers, whose brash attitudes eventually dwarfed the
      NYT; i ■ AFP  -  1,250 words
    • 392 27 Bloomberg [NEW YORK] American International Group Inc has agreed to sell its New York headquarters and an adjacent building to Kumho Investment Bank, a South Korean outfit, and Youngwoo Associates, a Manhat-tan-based developer. A contract was signed last week, according to a statement
      – Bloomberg; AFP  -  392 words
    • 332 27 Reuters Firms raised nearly As9b of equity this year and may chase distressed assets [SYDNEY] Australian property trusts are cashed up and ready to start a round of a consolidation in the sector by buying up distressed assets, US-based property fund manager CBRE Global Real
      Reuters  -  332 words
    • 341 27 Bloomberg [TEL AVIV] Dutch financial regulator AFM is planning to propose new rules that may curb mortgage lending in the Netherlands in a bid to protect homebuyers as the economy slumps and unemployment rises. The ratio between mortgage loans and house value is
      Bloomberg  -  341 words
    • 649 28  -  UMA SHANKARI Financial institutions in search of tenants for space that they pre-committed to By I CLOSE to 400,000 square feet of shadow office space is now available as financial institutions scramble to find replacement tenants for the space that they pre-committed
      Collier online Real Estate System  -  649 words
  • Page 26 Advertisements
    • 499 26 ijU BRAND NEW M llv«, PRIME OFFICE /jf 1 SPACE FOR LEASE fi:M 11 'jl|LS^ -Available sizes Irom 2500 ///ij Ill^ tos3oosf(upto26,soosf) iff jB I Ij I Convenient access to II nut 'Mii&t Raffles Place MRT Station 3(1 1111 f^ 'Availablefrom3Q2oo9 Strategically located at the junction of Robinson Road and
      499 words
    • 71 26 For Lease Office: 301 to 1,796 sq ft Next to Shaw House Isetan Scotts Outside CBD Near Orchard MRT Station Immediate Occupation Hong Fok Group Tel: 6390 2477/6292 8181 I 19,000sqft Land .1 11,OOOsqft Living Space 5 Two Floors with Basement h I Six Ensuite Bedrooms I Dramatic View and
      71 words
    • 10 26 »V©flL~ Lianhe Zaobao Singapore to build "crooked bridge"! mwaxsmrw s
      10 words

  • Page 27 Advertisements
    • 58 27 PRIME ORCHARD AREA COMMERCIAL SPACE nomu Handy Road avant-garde double-storey commercial spaces contemporary architecture by award-winning WOHA wide street frontage, opposite Dhoby Ghaut MRT NLA 127 582 sq m. (sale lease) exclusive private lift lobby, parking, alfresco terraces ideal for showroom retail exquisite offices RS. modern contemporary apartments also available
      58 words
    • 125 27 BBSS iiiiiiiiSiiiml ■iI I I II II M jj j[||l I I I 1111 II I I 111 liiilfliLiiiJllifflil Bi|iiiiiiiiiiiiiiii!B?iiii!iiiiJi i"ii'l ■H^BH ARMENIAN^ Ensuite Baths with V&B Fittings Poliform's Varenna Kitchenette with Timber Floors .-m?..- i.^sWn^'l I*l' In Ik "j~fc"-^^l "'jfT T-- ~^H bB|H ■^Bc^'kt. Hi m IP--- f#i Hm
      125 words

  • Page 28 Advertisements
    • 976 28 l^D nIUMAnU tLLIo A^LW A m km W^L mmm^l^lmmmmm I broughttoyajbySFHNewMedkPteLtd H__^~L_^L_ k\ km mkmm^Umm f^^*l\ /|||f^ HOW TO ZAP: Download software by SMS-ing the word 'zap" to ***** (post-paid) iVtWI if 111 or 9741 ~9401 G>re"Dai<))- the colour co()e fountl in the Savills advertisement. i I^^^l I H IrM
      976 words