The Business Times, 15 June 2009

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Total Pages: 28
1 28 The Business Times
  • 24 1 THE BUSINESS TIMES Ssl oo online at http://www.businesstimes.com.sg Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, June 15,2009
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  • 576 1  -  WINSTON CHAI Subscribers can download to heart's content from array of 500,000 songs By [SINGAPORE] Singapore Telecommunications is going all out to strike the right chord with customers. The operator launched a new buffet-style music store yesterday with the Universal Music Group in
    REUTERS  -  576 words
  • 870 1  -  SIOW LI SEN All eyes on scheme that offers unchanged prospects to creditors, is easier on debtors By [SINGAPORE] Ever since a new scheme to deal with debtors kicked in on May 18, banks are believed to be filing fewer bankruptcy petitions. That is
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  • MARKETS DIGEST
    • 49 1 >T Index 2,377.07 -19.28 1 COMP 1,090.15 +14.65 IIKKEI225 10,135.82 +367.81 1ANG SENG 18,889.68 +210.15 SET INDEX 628.55 +23.98 JAKARTA COMP 2,090.94 +12.01 1ANILA COMP 2,598.80 +70.12 ;eoulcomp 1,428.59 +33.88 iHENZHEN B 452.24 -12.01 IUMBAI IND 15,237.94 +134.39 )OW 8,799.26 +36.13 IASDAQ 1,858.80 +9.38 ;&P 500 946.21 +6.12
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.165 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
    • 45 1 IS$ (S$ per US$) 1.450 (US$/S$ per 1.652 2.395 EURO (US$,S$/E) 1.408 Foreign currency per US$ 2.042 S$ 'EN 98.00 67.60 3.504 2.417 IK$ 7.751 5.345 !AHT 34.10 23.52 lUPIAH 10,065 6,941 lENMINBI 6.835 4.714 INDIAN RUPEE 47.47 32.74 1.229 0.848 IZ$ 1.560 1.076
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    • 3 1 8 *****1 *****4
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    • 246 1 si R^C^f "To understand it, you have to understand the inner workings of the concept of time." Best Private Bank 2008 Ludwig Oechslin, curator at the Musee international d'horlogerie (international watch Awarded by FbianceAsla museum) in La Chaux-de-Fonds, Switzerland Best Boutique Private Bank Pushing back the boundaries of time comes
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  • Page 1 Miscellaneous
    • 66 1 W 1 G-8 MEETING VIEWS FROM THE TOP BizlT DINING OUT Europe divided Top execs on how the A cloud of opportunity Wj% Fresh produce, over stress tests downturn has affected for telecom carriers fresh ideas for banks rageis pro-family policies pages 10,11 jdl *\a^^ page 28 page 13 m
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  • TOP STORIES
    • 744 2  -  ANDREW MARKS WALL STREET INSIGHT By/ in New York THE Dow Jones Industrial Average is in positive territory for the first time this year, but opinion is split on whether the blue-chip index will be able to build on its
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    • 619 2  -  CHEN HUIFEN A balance should be struck between quick returns and long-term projects By [SINGAPORE] With capitalraising becoming more difficult, biotech companies here and elsewhere face the prospect of possible delays in their projects, and therefore need a new focus on using
      FILE PHOTO  -  619 words
    • THREE-MINUTE DIGEST
      • 75 2 BANKS in Singapore seem to be filing fewer bankruptcy petitions since the May 18 debt repayment scheme began, as they weigh the costs of taking action, against what can be recovered under the scheme. While one could be bankrupted previously for a debt of
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      • 60 2 WITH capital-raising becoming more difficult, biotech companies here and elsewhere face the prospect of possible delays in their projects, and therefore need a new focus on using their existing resources more efficiently. This prognosis came from Ernst Young LLP head of biotechnology
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      • 64 2 US and European bankers at a Beijing meeting last week learned that Chinese banks could soon be eyeing some of their banks as takeover targets. Western bankers need to deleverage by selling assets and this presents an "unprecedented opportunity" for Chinese banks, said
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      • 65 2 THE world's largest food beverage company, Nestle SA, is on the lookout for M&A targets to pursue in Asia, a senior executive told BT on Saturday. This comes as the Swiss-based company expects to invest another 260 million Swiss francs in South-east Asia, including
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      • 73 2 A US summit opening today aims to "define America's future in the global economy" in a gathering of business and economic leaders billed as "Davos in Detroit." Organisers of the three-day Michigan gathering argue that the world's biggest economy needs a new vision to
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      • 50 2 PING An Insurance (Group) Co, shifting its focus to the Chinese market after losing US$3.3 billion on an investment in Fortis, plans to buy a 22 billion yuan (554.7 billion) stake in Shenzhen Development Bank Co. GREATER CHINA, PAGE 16
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      • 93 2 INDIA'S industrial output rose in April, beating forecasts of a fall, driven as in China by a pick-up in domestic demand which analysts said confirmed nascent signs of recovery and an end to central bank rate cuts. Factory output in April rose 1.4
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      • 78 2 LUXURY goods groups need to brace themselves for at least two more years of pain, with big-ticket items such as cars and watches suffering most, even if some US brands and retailers are seeing signs of recovery. And if they are eyeing China, which
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    • 361 2 -NYT [NEW YORK] Despite growing signs that the world economy is stabilising, it is still too early to begin scaling back government efforts to support the global financial system, Timothy Geithner, the US Treasury secretary, said Saturday after a
      -NYT  -  361 words
    • 614 3  -  CONRAD TAN Bank targeting wealthy clients with 'institutional-quality' products, services By( [SINGAPORE] Barclays Wealth plans "aggressive" expansion in Singapore and the rest of Asia, its chief executive said this week. Tom Kalaris, global CEO of the private banking arm of British bank Barclays,
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    • 697 3  -  ANTHONY ROWLEY Non-performing loans will not be problem in China, its bankers insist By in Beijing BANK lending in China has already surpassed what was supposed to be the official target for the whole of this year, and credit growth continues to surge as
      697 words
    • 313 3 AP [WASHINGTON] US President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern troubled US financial institutions, proposing the most ambitious revision since the Great Depression. The goal is to prevent a recurrence of the economic
      AP  -  313 words
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  • COMPANY NEWS
    • 570 4  -  JAMIE LEE US hedge fund picks firms based on environment social, governance conduct By INVESTORS can now consider niche hedge funds that place bets on companies based on their environmental, social and governance (ESG) conduct. Among these is the Good Steward Fund
      570 words
    • 609 4  -  WINSTON CHAI THE problem with chasing a runaway hit is that you will always be seen as playing catch-up. In this light, SingTel's latest music foray will undoubtedly draw comparisons with Apple's vastly popular iTunes store and be viewed as yet another wannabe
      REUTERS  -  609 words
    • 515 7  -  JESSICA YEO Vietnam, Myanmar are key markets; it also plans to venture into Laos By CATALIST-listed Ntegrator International which won eight contracts recently expects to add more to its orderbook in the second half, especially from customers in Indochina. A player in the IT and telecommunications
      515 words
    • 288 7 GMG Global E 55 Market Street, #03-01, Singapore *****1 15-Jun 9.00am Unionmet (Spore) E Amara Hotel Singapore, Level 3, Connection 2, 165 tanjong Pagar Road, Singapore *****9 18-Jun 10.00am Chemical Ind A E 3 Jalan Samulun, Singapore *****7 19-Jun 10.00am 10.15am Sim Siang Choon E 21 Changi South
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    • 395 7 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of
      395 words
    • 658 7 Reuters [HONG KONG] A complex deal tying India's Bharti Airtel and South Africa's MTN Group to each other appears to have created two fee streams a rare treat for investment bankers at a time when financial institutions are short on cash and deal flow.
      – Reuters  -  658 words
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  • Page 5 Advertisements
    • 95 5 ITALIAN BUSINESS MISSION TO SINGAPORE Ritz Carlton Millennia Singapore 14 -16 June 2009 We are proud to announce the visit to Singapore by Mr Adolfo Urso, Deputy Minister for International Trade, Republic of Italy and Representatives of Italian Enteprises Italian-Singapore Business Forum 1 5 June 2009 1 o.ooam 1 2.00pm
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  • SINGAPORE MARKETS
    • 689 6  -  R SIVANITHY STOCKS TWO weeks ago, this column was headlined "The trend is your friend until it bends" in which the view expressed was that there was still scope to play the market as if the recovery would be "V-shaped",
      689 words
    • 408 6 -AFP COMMODITIES [LONDON] Oil prices struck eight-month highs this week on higher demand for commodities as the global economy makes progress in pulling free of recession. Oil: New York crude hit U5573.23 on Thursday the highest level since last October while London Brent
      -AFP  -  408 words
    • 589 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NT$; (ag) Dividend/Distribition; (ah) Final; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (aq) Income Tax Exempt; (as)
      589 words
    • 392 6 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week mixed against the US dollar, with concern over the American budget deficit limiting the US dollar's gain, despite a steep fall in eurozone industrial output. Japanese yen: The yen bounced back from a one-month low in
      -AFP  -  392 words
    • 1472 6 Thomson Reuters Source: Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlqreen Props )erties 2.92 2.75 12 5.07 21.29 0.65 1.04 ,RA Asset Mgt 2.00 2.00 2 6.25 9.52 0.64 0.58 Armstrong Industrial Corp
      Thomson Reuters  -  1,472 words
    • 4 6 WEEKLY
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    • 61 6 Jun 12 VALUE CLOSE IT OB/OS -79.00-366.00 IT CADI -*****.00-140.00 IT 10-day MA -*****.00 -8.00 TSE ST Mid Cap 544.80 -2.01 TSE ST Small Cap 446.19 -4.73 TSE ST All Share 581.82 -1.55 TSE ST China Top 249.43 +0.88 TSE ST China 246.00 +0.65 OB Catalist 103.81
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    • 55 6 VOLUME Diqiland 459,324,000 UniFiber 399,840,000 EuNetworks 381,621,000 Gentinq SP 372,586,000 RafflesEdu 370,026,000 ChinaNTown 293,423,000 Golden Agri 289,078,000 Equation 267,327,000 Abterra 256,120,000 Jade Tech 212,823,000 VALUE(S) Capita Land 603,047,590 DBS Grp 433,731,599 Cosco Corp 264,539,960 Gentinq SP 257,298,830 UOB 254,600,745 Keppel Land 251,566,870 Wilmar 241,570,288 RafflesEdu 237,075,780 CityDev
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    • 110 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE UP ***** 1617.8 12.5 iBXT Ni 10US$ iBXT FTVietnam 10US! 5102 243.5 3.4 ICBCCai :.93%Pref10 7720 220.0 2.9 ICBCO 5.1%NCPS 100 9470 190.0 2.0 lardine C&C 1876 116.0 6.6 iBS.ES.0906 1274 98.0 8.3 LatinAmerica 1 630
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    • 91 6 CLOSE DOWN 9325-397.2 -2.9 iLD 10US$ ICBC Bk4.5%NCPS 100 8900-300.0 -3.3 iBXT MSTaiwan 10US$ 1268-118.9 -6.1 "hai Prime Fd 315 -94.2 -17.1 imei iNav 1680 -80.0 -4.5 ICBC Bk5.1%NCPS 100 9602 -60.0 -0.6 iBSG 1222 -56.0 -4.4 iBSBk6% NCPS 10 9984 -22.0 -0.2 IOB 1518 -22.0 -1.4 Isetan 302
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    • 85 6 Where S! i$ stands lull 12 %CHNG CLOSE FRJun11 YR2009 S$ LOW S$ HIGH uss 1.4515 -0.07 1.5579 1.4308 Euro 2.0354 -0.08 2.0732 1.9150 Pounds 2.3852 0.14 2.3885 2.0356 1.1773 0.36 1.1816 0.9453 'en* 1.4780 0.34 1.7278 1.4831 Rupiah* 0.***** -0.32 0.***** 0.***** Baht* 4.2541 -0.07 4.3390 4.1040 Peso*
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    • 1433 8  -  TEH HOOI LING THE blue chips proved resilient last week with the Straits Times Index slipping merely 19.28 points or 0.8 per cent from the previous week to 2,377.07. This despite signs that the rally is running out of steam. The small cap sector, however, did
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    • 1287 8  -  ROBERT HALILI INSIDE MARKETS By TRADING activity by directors fell last week with only 15 companies recording 16 purchases worth $1.6 million versus eight firms with 10 disposals worth $2.7 million in the second week of June. The figures were sharply down from the
      : Asia Insider Ltd  -  1,287 words

  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 814 9  -  LIEWAIQING By TOYS, games and comics might be considered trivial to some, but with the industry picking up steam, they cannot just be dismissed as child's play any longer. With regional affluence, the thirst for entertainment has grown and the toy and
      814 words
    • 520 9  -  JAMIE LEE Company expects to invest another 260 m francs in region and is on the lookout for M&A opportunities By THE world's largest food beverage company Nestle SA is eyeing M&A targets to pursue in Asia, a senior executive told BT on Saturday. This
      520 words
    • 316 9  -  JAMIE LEE By SINGAPORE has confirmed 13 new cases of Influenza A (H1N1), taking the tally to 40. Four of the new cases attended the same Melbourne wedding as two patients diagnosed earlier as the 26th and 27th cases, the Ministry of Health
      316 words
  • Page 9 Advertisements
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  • VIEWS FROM THE TOP
    • 4178 10 THIS WEEK'S TOPIC How has the current economic situation affected your organisation's pro-family policies? What can employers do in the current circumstances to boost Singapore's family-friendly work practices? Stefanie Yuen Thio Head, Corporate TSMP Law Corporation IN the balance sheet of my life and work, I
      THE STRAITS TIMES FILE PHOTO  -  4,178 words

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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 713 12 Then get serious about coaching and mentoring them, says PENELOPE PHOON-COHEN, and do it right it'll pay off handsomely DESPITE having good intentions, few employers are making the most of opportunities to be gained from coaching and mentoring, according to new research conducted
      STOCKXCHNG  -  713 words
    • 779 12 CAMPUS LIFE 2 cousins set up fashion blogshop, selling clothes, accessories and couture ideas, reports MICHELLE YEO ONLINE fashion retail might seem like an easy route to earning fast cash, but it certainly involves time, commitment and passion to do it well. Genevieve Goh, 19, has
      YEN MENG JIIN  -  779 words
    • 204 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 12 Advertisements
    • 46 12 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • DINING OUT
    • 664 13  -  Audrey Phoon NEW MENU Les Amis 1 Scotts Road #02-16 Shaw Centre Tel: 6733-2225 ARMIN Leitgeb formerly of Thomas Keller's The French Laundry, Tantris in Munich and Raffles Hotel- is undoubtedly good at what he does. But in the nearly threequarters of a year
      664 words
    • 567 13  -  Cheah Ui-Hoon NEW RESTAURANT Brizo Restaurant Park Hotel Clarke Quay 1 Unity Street Tel: 6593-8889 IF you haven't been to the UE Square and Robertson Walk area in a while, it seems like a new hotel just sprouted up overnight there. Park Hotel Clarke Quay
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  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 673 14 -AFP Billed as 'Davos in Detroit', leaders aim to define future role in global economy [WASHINGTON] A US summit opening today aims to "define America's future in the global economy" in a gathering of business and economic leaders billed as "Davos in Detroit." Organisers
      -AFP; AP  -  673 words
    • 396 14 ■AFP [WASHINGTON] US President Barack Obama's administration reiterated last Friday that it was against nationalising private enterprises, saying that the market interventions it has taken were out of necessity and temporary. Commenting on the government's massive capital infusions into banks and car companies reeling
      ■AFP  -  396 words
    • 251 14 Bloomberg [PERTH] Australian mortgage holders are "furious" with the Commonwealth Bank of Australia's move to raise its variable mortgage rates, according to the government. "Mortgage holders have got every reason to be furious with the Commonwealth Bank," Jenny Macklin, minister for families, housing, community
      Bloomberg  -  251 words
  • Page 14 Advertisements
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  • MALAYSIA/INDONESIA
    • 245 15 -Reuters [JAKARTA] Indonesia plans to appoint an independent appraiser to assess the value of the local unit of Newmont Mining Corp in order to speed up a divestiture sale, the energy and mining minister said last Friday. An arbitration court in late March ordered
      -Reuters •  -  245 words
    • 2109 15 lun 12 RM COOO) \&M Realty 0.62 \bricBhd 0.16 \dvance Synergy ....0.19 \dventa Bhd 1.22 \eMulti Hldgs 0.12 \ffin Holdings 1.84 \hmad Zaki Resou ..0.88 \ic Corp 0.40 \irasia Bhd 1.18 \kn Technology 0.17 Mliance Financi 2.30 Muminium Co 0.94 Amalgamated Ind ..0.50 \mmb Hldgs Bhd ...3.46 \mtel
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    • 684 15  -  PAULINE NG MALAYSIA INSIGHT He's taking Malaysia in the correct direction with his emphasis on liberalising the economy at long last INVESTORS can expect further initiatives to liberalise the local economy by the end of the month. Prime Minister Najib Razak has promised "another significant
      684 words
    • 490 15 Bloomberg Move will give more flexibility to exporters [BEIJING] China and Malaysia are planning to allow exporters to settle some of their trade in the two nations' currencies after the countries agreed to a currency swap arrangement in February, Malaysia's
      – Bloomberg  -  490 words
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  • GREATER CHINA
    • 785 16 Bloomberg It plans to invest 22 billion yuan more in Shenzhen Development Bank [HONG KONG] Ping An Insurance (Group) Co, shifting its focus to the Chinese market after losing US$3.3 billion on an investment in Fortis, plans to buy a 22 billion yuan
      – Bloomberg; BLOOMBERG  -  785 words
    • 226 16 Reuters [LONDON] China's state oil group Sinopec has made a £4.8 billion (5511.5 billion) bid for Addax Petroleum Corp, a London-listed oil exploration group with fields in Kurdistan and Nigeria, the Sunday Times of London reported. Without citing sources, the paper
      – Reuters  -  226 words
    • 440 16 -Reu:ers [LOS ANGELES] A California software publisher will seek an injunction preventing US companies from shipping computers with Chinese anti-pornography software that it says was stolen, the company's president said last Saturday. Solid Oak Software Inc said it found pieces of its CyberSitter
      -Reu:ers  -  440 words
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  • INDIA
    • 737 17 Reuters Hike driven by increased domestic demand confirms signs of recovery [NEW DELHI] India's industrial output rose in April, beating forecasts of a fall, driven as in China by a pick-up in domestic demand which analysts said confirmed nascent signs of recovery and
      – Reuters; REUTERS  -  737 words
    • 253 17 AFP [MUMßAl] Tata Group's hospitality arm Indian Hotels Co Ltd said last Friday that its annual net profit plunged 96.4 per cent, hit by last November's militant attack on its landmark Taj Mahal hotel. The subsidiary said consolidated net profit for the year ended
      AFP  -  253 words
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  • WORLD
    • 815 18 Reuters Rescue watchdogs, lawmakers seek fair return for taxpayers on banks' warrants [WASHINGTON] The US Treasury Department is facing mounting pressure to ensure that taxpayers get a fair return on banks' warrants as the largest firms prepare to shake off government ownership stakes.
      – Reuters; AFP  -  815 words
    • 473 18 -AFP G-8 MEETING [LECCE, Italy] Pressure mounted on Europe to reveal the viability of its crisis-hit banks after a meeting of G-8 finance ministers in southern Italy over the weekend ended in disarray over the thorny issue. Britain and the United States have
      -AFP; AFP  -  473 words
    • 552 18 Reuters [LECCE, Italy] The International Monetary Fund (IMF) has collected nearly all the money pledged to it at a meeting of G-20 leaders in April, the fund's managing director Dominique Strauss-Kahn said on Saturday. The G-20 committed to tripling IMF resources to a total of
      – Reuters  -  552 words
    • 589 18 -AP [MOSCOW] When the leaders of Brazil, Russia, India and China gather for their first full-fledged summit, they will be closely watched for signs of policy shifts that could affect the global role and strength of the US dollar. During the summit
      -AP  -  589 words
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  • SINGAPORE ARTS FESTIVAL 2009
    • 267 19  -  JOSEPH NAIR By WHEN your mother said not to play with fire, she certainly did not count on pyrotechnic extravaganza Crackers? coming to town. Created by World Famous from the United Kingdom, the public spectacle closed the Singapore Arts Festival 2009 in an
      JOSEPH NAIR  -  267 words
    • 802 19 Director Lin Zhaohua refused to take sides in his staging of Chekhov's The Cherry Orchard, reports CHEAH UI-HOON ONE brave question from a (frustrated) viewer at The Cherry Orchard's postshow dialogue perhaps reflected the thoughts of a good part of the audience who watched the
      UN ZHAOHUA STUDIO  -  802 words
    • 627 19  -  CLARISSA TAN By ORDINARILY, one approaches the prospect of spending two hours in a tiny flat of elderly people and their attendant belching, coughing, drooling, butt-scratching and bow-el-clearing-with some trepidation. But when we know it's all a play, that the whole thing
      627 words
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    • 1205 19 V«^ kAT^*T'T^IT-' O Toll free: 1800-289-8822 f&^- |V| If If K< V Email: notices@sph.com.sg JL^I V*>/ JL JL^^ JLj l 3 www.cats.com.sg ORIENTAL CENTURY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3707R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting
      1,205 words

  • LUXURY MARKET
    • 789 20 Reuters Big-ticket items such as cars and watches are suffering from low sales even though some retailers are seeing signs of recovery [PARIS] LUXURY goods groups need to brace themselves for at least two more years of pain, with big-ticket items such as cars
      Reuters; AP  -  789 words
    • 470 20 Reuters [PARIS] China may become the world's biggest luxury market in some years but cultural challenges to win customers' hearts for certain types of products remain, industry executives said. Champagne house Taittinger said it could make high-end sparkling wine in China but
      – Reuters  -  470 words
  • Page 20 Advertisements
    • 96 20 M \rTtnM i£r^ I I \~M': 9^r Cars. Jobs. Property. Shops. K^j If lull Just about everything you want is within easy reach. I lAflAfllll OCIOIinO Ollili /iIC Log on to st7ol.com now! Wlf VVlllf ß llOldUllG.bUlll/|JO to find out how you can be a P apt °'the dinne|l celebration!
      96 words

  • SHIPPING/AVIATION
    • 373 21  -  S JAYASANKARAN New container ship deliveries expected to rise 27% over next two years By in Kuala Lumpur ANALYSTS are sceptical about the sustainability of soon-to-be raised freight rates announced by at least three large container shippers recently. Earlier last week, Maersk Line,
      BLOOMBERG  -  373 words
    • 386 21 Bernama Increase partly due to recent deal with carrier CMA CGM [KUALA LUMPUR] While most ports in the region are expecting to see a drop in their throughput this year, Malaysia's leading container terminal, the Port of Tanjung Pelepas (PTP), in Johor, is expecting
      Bernama  -  386 words
    • 2629 21 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,629 words
    • TRANSPORT STOCKS
      • 109 21 '000 Jliii 12 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.53 0.24 1.44 0.51
        109 words
      • 37 21 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.93 8.50 8.35 3.32 2.78 0.03 0.11 0.04 144 -0.25 49 -0.15 1946 0.02 257 unch 3 0.01 270 0.01 *****
        37 words
      • 12 21 '00 'recious Ship Regional Cont 17.30 ...9.40 unch 3260 0.55 *****
        12 words
      • 12 21 '000 lun Doil iingamas Cont 34.95 1.01 -0.20 1354 unch *****
        12 words
      • 22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.70 17.25 unch unch -0.20 unch unch unch 551 1437 0 0
        22 words
      • 23 21 Evergreen Marine ....17.00 :irst Steamship 45.20 /Van Hai Lines 15.35 t'ang Ming Marine ..12.40 -0.50 -0.80 -0.30 -0.30 11 5 4 10
        23 words
      • 42 21 '000 Cawasaki Hvy Ind ..267.00 -3.00 ***** Cawasaki Kisen 458.00 14.00 ***** Mitsubishi Hvy 409.00 18.00 ***** Vlitsui Eng&Sbldg ..243.00 1.00 9639 Vlitsui Osk Lines ...70unch lunch ***** Mippon Express ....41unch 7.00 lunch Mippon Yusen 468.00 lunch ***** iource: Thomson Reuters
        42 words
    • 454 21 [RIO DE JANEIRO] A burst of automatic messages sent by Air France Flight 447 before it crashed includes one about a problem with a rudder safety device but lacks decisive clues as to what sent the jet plunging into the Atlantic Ocean
      454 words
    • 256 21 ■AP [WICHITA, Kansas] Cessna Aircraft Co, the largest builder of corporate jets in the United States, said on Friday it is laying off another 1,300 workers, raising the number of jobs eliminated to half of its work force since November as the recession
      ■AP  -  256 words
  • Page 21 Advertisements
    • 108 21 NOTICE OF RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia /West Africa Trade Agreement have decided to implement the following rate restoration: Effective date of B/L
      108 words
  • Page 21 Miscellaneous
    • 232 21 CRYPTIC CROSSWORD AfDrtCC rule (5) _HM__JMH__H^^^^JMB^_JBH|_ I A l I l| I I I I. J ners (jz; I I I I MTU)! M2(] ment (S1) man drunk inside (7) 8 American writers in 24 Some pandas, I assume, can DOWN south-east creating tension be found here? (4) 1 Check
      232 words

  • SINGAPORE STOCKS
    • 9124 22 Week ended: Jun 12 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E 8 3 3148 STelecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 15 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 71 26.5 5550 ARA 8.5 2.5
      9,124 words
    • 1768 23 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 4 0.5 1501 s Advanced System 9 2 3480 t Adventus 27.5 8.5 3518 s Afor 14.7 2 1524 t Alantac 19.5 3.5 7814 t
      1,768 words
    • 394 23 Hi. Low Code Comi Sale C000) Hi. Low Bm Seller C'vr P/E >mil 109 100 6389 ABF SG Bond ETF 918 427 CIMBAsean40 100US$ 246 149 DBS STI ETF 100 2772 1682 DBXT FTChina25 10US$ 5268 3228 DBXT FTVietnam 10US$ 1388 850 DBXT MSTaiwan 10US$ ***** 5220 DBXT
      394 words
    • 249 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      249 words
    • 101 23 i Land 3.830 iMall 1.430 +0.050 :it' 9.480 +0.010 ■omfortDelGro 1.320 -0.010 Con 1.440 +0.050 iBS Gr| 12.220 -0.180 :SN 3.920 -0.130 ientini SP 0.675 -0.005 iolden At iri 0.430 -0.005 KLand 3.370 +0.050 JMH 26.100 +1.160 JSH 14.000 +0.020 Jardine CSC 18.760 +0.220 Con 7.250
      101 words
    • 103 23 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 112 0 0 0 5 112 lanufacturini 54 151 36 18 16 59 169 52 Commerce 14 49 18 11 18 60 21 r/O ms 12 28 12 31 :inance 11 18 12 18 instruction
      103 words
    • 118 23 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 157,634 157,634 284,279 284,279 lanufacturini 2,314,437 885,706 3,200,143 1,254,947 50,170 1,305,117 Commerce 1,528,807 20,597 1,549,404 608,430 3,823 612,253 'pt/Stor/Comms 872,702 3,597 876,299 1,200,662 491 1,201,153 :inance 142,033 30 142,063 1,109,131 1,109,133 Construction 774,700 92,339 867,039 100,424 1,730 102,154 'ro|
      118 words
    • 2661 23 Transaction date: Jun 12 For a full listing ofthe closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK! \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing Airport
      2,661 words
  • Page 22 Advertisements

  • Page 23 Advertisements
    • 29 23 Insiders'trades. Brokers'recommendations. TIJC Rl ICIMECC TIMEC Dividend table. The pages also cover transactions Int DU3IIMC33 I I_VI_Z3 by directors and substantial shareholders. In other words, news you can use.
      29 words

  • FINANCE & COMMODITIES
    • 381 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jun 12 World Index Preliminary 719.1 -0.3 6.1 -0.4 8.6 -0.6 7.7 t EAFE Prel liminai 691.2 0.0 6.5 -0.2 9.8 -0.4 8.9 Euroi Prelim
      381 words
    • 121 24 As at 9am Jun 12 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1740 1.2090 .an dollar 1.3060 1.3210 luro 2.0320 2.0550 IZ dollar 0.9250 0.9450 iterlini ind 2.3870 2.4140 JS dollar 1.4410 1.4580 .ocal dollars to 100 units if foreign
      121 words
    • 153 24 Jun 12 )vernight 0.03 I-month 7/16 'months 9/16 3-months 11/16 Overnight mode: 1/16 JS$ Offer 0 01 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.42 0.65 0.75 1.15 1.55 1.85 Offer 0.25 0.32 0.45 0.55 0.95 1.35
      153 words
    • 11 24 Jun 12 STI IIMSCI Jun 289.0 291.5 286.0
      11 words
    • 21 24 Jun 12 Bid Offer 1-month 1.4496 1.4505 2-months 1.4495 1.4505 3-months 1.4496 1.4505 6-months 1.4493 1.4504 Source: OCBC
      21 words
    • 61 24 Jun 12 lelivery flonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low Jun 09 2482 Jul 09 2493 Aug 09 2501 Sep 09 2505 Total o/p: ***** contracts 2479 2501 2450 2478 2501 2450 2465 2501 2445 2450 2505 2445 Turnover: ***** Market tone:
      61 words
    • 288 24 Jun 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3775 99.2650 98.8900 98.5400 3971 ***** 5460 3819 EUROYEN TIBOR FUTURES JunO9 99.440 99.440 SepO9 99.510 99.515 DecO9 Mar10 99.515 99.515 Jun10 Sep10 Dec10 Mar11 99.440 99.505 99.515 99.440 99.510 99.520 99.510 99.480
      288 words
    • 188 24 Jun 12 (UBBtK Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lul 09 170.5 \ugO9 169.5 iep 09 Dct 09 \lov09 Dec 09 170.0 169.0 170.5 169.5 169.2 167.5 167.5 167.5 72 92 52 44 44 44 711 486 658
      188 words
    • 89 24 Jun 12 '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 0.15 0.15 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
    • 98 24 Jun 12 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1245.50 1267.00 1281.75 1235.50 AugO9 1171.25 1186.50 1201.50 1161.75 SepO9 1108.50 1124.75 1132.75 1101.00 Nov 09 1076.50 1089.75 1099.50 1067.00 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 37.16 38.20 38.71 36.58 S.ug 09
      98 words
    • 75 24 CRUDE OIL PRODUCTS Jun 11 origin^ t/barrel Close Cham irent blend (1-Mth F) 72.46 1.2: WTI (Near Mth) 72.70 1.61 iubai (1-Mth F) 70.80 0.6! "apis blend 75.65 0.6I i/linas 74.00 0.6I >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 64.67 78.70 0.7: 0.8! US$/barrel )pec Oil Basket Price
      75 words
    • 447 24 Jun 12 iuro 'en (on 'eso lam 'ouni Australia 0.903 5.562 0.578 6.307 38.633 81.904 0.797 10.183 2.851 1.269 65.873 38.735 1.180 6.505 0.873 26.683 27.753 0.493 0.814 Canada 1.107 6.159 0.640 6.985 42.784 90.704 0.883 11.277 3.158 1.406 72.951 42.896 1.307 7.204 0.967 29.550 30.735 0.546
      447 words
    • 68 24 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** Sun 12 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 2.*****
      68 words
    • 133 24 Jun 12 /oz) lun lun Hong Kong .ondon 949.00 853.30 950.00 854.30 Jun 11 Jun 12 953.30 941.55 954.10 942.35 Source: Thomson Reuters CAST BAR (S$) Jun 12 Buying Sellini Kilobar "47,881.43" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™
      133 words
    • 154 24 Jun 12 Against SS lurrencies Bid Offer Against USS Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.1792 1.1806 0.8135 0.8140 'anadian dollar 1.3061 1.3074 0.9010 0.9014 iuro 2.0412 2.0426 1.4081 1.4083 IZ dollar 0.9289 0.9303 0.6408 0.6414 jterlini ind 2.3939 2.3956 1.6514 1.6517
      154 words
    • 70 24 Jun 12 minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1616.50 1665.90 3 months 1644.00 1694.00 Copper, Grade A (US$/tonne) Cash 3 months 5212.00 5235.00 5354.00 5376.00 Lead (US$/tonne) Cash 1760.25 3 months 1785.00 1796.00 1820.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 73 24 Sun 12 (£/tonne) Close Prev Hii ih/Low lul 09 1750 1774 1777/1740 iepO9 1760 1786 1789/1752 Dec 09 1760 1782 1783/1752 War 10 1749 1772 1772/1743 IOFFEE (US$/tonne) Close Pev High/Low lul 09 1523 1533 1537/1514 iepO9 1541 1547 1550/1530 Mov09 1553 1558 1554/1544 SUGAR (US tonne) White Close
      73 words
    • 2725 24 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price 'rem Expiry Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 >036 Advance SCT Ltd W*****9 4 0.5 2462 0.5 1 1 15 6 4.50 1246 13.00 59 14 S092 Asia Environment W*****4 5816 #Asiasons
      2,725 words

  • Page 25 Advertisements
    • 2929 25 The Business Times Shipping Times M ___~fl BlCT~fffffl3lff_Wl~f~ff_Hffn>l WAN HAI INTERNATIONAL PTE LTD UEN: *****4.95 M S^J^l W I'll aS'irrTPfn'^M'^jiwMß VTwi\ IAIA M UAI I I MFC TEL *****588 (14UNES) FAX:*****163 |M«H^H»^|j^KKygMK|lJ^a ll- I mi ■■■•■V JOH TIL: (07) *****23 FAX: (07)*****21 SUR lib (031) *****75 FAX: (031) *****14/ *****05
      2,929 words

  • Page 26 Advertisements
    • 2963 26 r^VHQIBEII^SSIHI In E EASTERN CAR LINER, LTD If® ITBTFT^ I specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I liFirmmnTTT?^ 1 1 1 1 1 1 1 f^^^^^^PCLm!LSERVICE^ I ToRALHETO^ T -i2!!^ ML- L"7 O (KT> »L.<-0 ttCEPHHIi. OIIKHIER!-1) <[[ IMRIHERH MID WEMERH IHDWH ICD POIMS
      2,963 words

  • BizIT
    • 394 27  -  WINSTON CHAI Quest for business efficiency in downtime provides BPM specialist more work By INSTEAD of taking a hit as regional companies go into cost-saving mode, the economic downturn has instead given business process management (BPM) software maker Global 360 an
      394 words
    • 323 27 Bloomberg [SAN FRANCISCO] Dell Inc is making friends on Twitter. The computer maker has generated more than US$2 million in sales from the social-networking service by directing users to Dell's online outlet store. An additional US$l million in orders came
      – Bloomberg  -  323 words
    • 579 27 -Bloomberg [SAN FRANCISCO] Facebook Inc, the world's largest social-networking site, said members registered new user names at a rate of more than 550 a second after the company offered people the chance to claim a personalised Web address. Facebook started accepted registrations last Thursday
      -Bloomberg; AFP  -  579 words
    • 1155 27  -  DAVID BRETT <you say> Tech upgrades in the travel industry will have a lasting impact even when the downturn is over By I F you have noticed longer queues at I the office coffee machine in the I mornings, you're not alone. WorldI
      1,155 words
    • 522 27 Reuters [LONDON] Britain will lay out its funding plans for universal broadband coverage and endorse a move to allow closer co-operation between cash-strapped broadcasters when it unveils its vision for a digital future this week. Communications Minister Stephen Carter is expected
      Reuters  -  522 words
    • 1095 28 Industry experts feel that Singapore companies are ready for cloud services and that telcos are primed to take advantage, writes AM IT ROY CHOUDHURY CLOUD services could be the next big thing in the Infocomm Technology (ICT) landscape in Singapore, with telecom carriers
      : IDC Survey {Market Evolution and Trends for Cloud Computing: Asia/Pacific End-User Study, 2009) I  -  1,095 words
    • 397 28  -  AMIT ROY CHOUDHURY By SINGAPORE-BASED companies are generally well prepared for cloud services in a technical sense but like the rest of the world, they too have concerns about how cloud services will meld with their own infocomm technology (ICT) culture. Speaking to BizlT,
      397 words
    • <what's up>
      • 68 28 ALCATEL-LUCENT has won a contract to power the communications lines behind Singapore's second integrated resort. Under the deal, Alcatel-Lucent will roll out a new Internet telephony network for Resorts World this quarter. The solution will include an IP (Internet protocol)-based phone system, contact centre solutions,
        68 words
      • 64 28 THE Workforce Development Authority of Singapore has appointed Singapore Polytechnic as a continuing education training (CET) centre for the infocomm sector. Under the new arrangement, the polytechnic will offer 11 courses for technology professionals who are looking for a skills upgrade. These
        64 words
      • 57 28 T-SYSTEMS has landed a three-year IT services deal with chemical distributor Brenntag in Singapore. Under the pact, T-Systems will provide a range of services such as dynamic computing for Brenntag's SAP enterprise resourcing planning software, messaging and applications management across nine markets in the Asia-Pacific region.
        57 words
      • 78 28 MARKETERS searching for ways to improve their bottom line in the Web 2.0 era will get a few pointers from experts at an upcoming workshop on search engine marketing. To be held at the Holiday Inn Atrium from July 20 to 21, the event will
        78 words
      • 91 28 HOME-GROWN networking gear maker Aztech has introduced a new wireless router which allows consumers to share their mobile broadband connections. The HW-550-3G (above) is a four-port router based on the speedier Wireless-N standard. Users will be able to create a wireless network on the
        91 words
      • 89 28 SINGAPORE-BASED McCoy Infocomm promises to slash a company's hardware burden with a new offering which can help turn a single PC into six workstations. The firm's new SoftXpand solution uses virtualisation technology to create multiple computers from a standard PC with no claimed degradation
        89 words
      • 88 28 PROLINK has launched the PHSIOO, anewHSPA modem (below) which allows users to enjoy mobile broadband access on the go at speeds of up to 3.6 Mbps (megabits per second). In addition, it can function as a portable storage vault capable of housing a BGB (gigabyte)
        88 words

  • Page 28 Advertisements
    • 191 28 GIVE YOUR SYSTEMS ~^M^)^J\ AN EFFICIENCY MAKEOVER £PHJBBi I sunFi^-x^To^^er i Specifications: SPECIALS I J X^*^^&gt; b.J. .I. Jil.' J, ~d &lt;H w—l ■—I lxlntel'Xeon* Processor E*****.26Ghz &gt;^ \Q^ iKj^jligii^lt^MmM^ .i x 2GB RAM, 1 x PSU, DVD-RW 4Gbe Ports B^^^^MUPPV I •2 x 3OOGBIOK RPM SAS Disk ■U j
      191 words
  • Page 28 Miscellaneous