The Business Times, 21 April 2010

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Microfilm: NL30642
Total Pages: 42
1 10 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, April 21,2010
    23 words
  • Article
    Lock icon Goldman fights fire with earnings blaze
    740 1  -  Q1 profit surges 91%; UK to probe its CDO marketing By ANDREW ANDREW MARKS GOLDMAN Sachs burnished its reputation as being the top of the banking heap with a huge first-quar-ter earnings results that easily beat analysts’ estimates. Its US$3.46 billion earnings marked a
    740 words
  • Article, Illustration
    Lock icon European skies start to open, but pilots are wary
    792 1  -  SIA resumes some flights but UK and Germany still off limits; pilots’ body flags safety concerns By VEN VEN SREENIVASAN [SINGAPORE] Singapore Airlines has cautiously reinstated several flights to Europe, including two early Wednesday morning flights to Paris and Amsterdam. But
    REUTERS  -  792 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,981.37 (+20.44) ST INDEX FUTURES 2,965.00 (+21.00) SIMSCI 355.92 (+2.79) SIMSCI FUTURES 352.90 (+1.50) FOREX US$ S$ US$ (S$ per US$) 1.375 (US$/S$ per 1.537 2.113 EURO (US$/S$/E) 1.349 1.855 Foreign currency per US$ S$ YEN 92.80 67.50 RM 3.203 2.329 HK$ 7.763 5.645 BAHT 32.22
    141 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      583 2 European skies start to open, but pilots are wary SINGAPORE Airlines has cautiously reinstated several flights to Europe, including two early Wednesday morning flights to Paris and Amsterdam. But any wholesale return to normalcy will depend, it seems, not only on the quality of the air over Europe
      583 words
    • Article
      Lock icon Bus and train fares to be streamlined from July
      770 2  -  Removal of transfer penalties part of push towards distance fare system By JOYCE HOOI [SINGAPORE] Public transport users will be able to make commuting transfers without feeling the pinch when transfer penalties are removed from July 3, a move that will
      770 words
    • Article, Illustration
      Lock icon Offices of PetroChina and SPC to be merged soon
      492 2  -  By RONNIE LIM [SINGAPORE] Chinese oil giant PetroChina which acquired Singapore Petroleum Company for $3.2 billion last October intends to merge their two Singapore offices, bringing a total of an estimated 300-plus employees “under one roof”. Disclosing this in SPC’s latest
      BLOOMBERG  -  492 words
    • Article
      Lock icon Merrill has no case: bank client’s lawyer
      370 2 Suit seeks US$9.4m from Indonesian businessman Harjani Bloomberg [SINGAPORE] Merrill Lynch Co’s suit seeking US$9.4 million from Indonesian businessman Prem Harjani has no legal basis, a lawyer for the bank’s former private-banking client told a Singapore court yesterday. “The evidence they’ve presented is
      Bloomberg  -  370 words
    • Article
      Lock icon Cargo, pets and post all waiting for the all-clear
      552 4  -  Heaps of cargo bound for Europe sitting here; DHL, TNT reach for Plan B By NISHA RAMCHANDANI [SINGAPORE] Travellers are not the only ones sitting tight as restricted access to European airspace forces airlines to cancel flights. Air freight to Europe
      552 words
    • Article, Illustration
      Lock icon Red Shirts call off mass march on business district
      532 4  -  By LEE U-WEN [SINGAPORE] Thai anti-gov-ernment protesters called off their planned mass march on Bangkok’s financial centre yesterday because of the thousands of armed troops already stationed in the area, even as Prime Minister Abhisit Vejjajiva warned that declaring martial law
      REUTERS  -  532 words
    • Article, Illustration
      Lock icon Air travellers face fresh volcano chaos
      596 4 AFP Reuters [LONDON] New spurts of ash from Iceland’s volcano triggered fresh travel mayhem yesterday, puncturing stranded travellers’ hopes of getting home despite the reopening of some of Europe’s major air hubs. While some countries including France, Germany and Belgium allowed a gradual resumption
      AFP; Reuters  -  596 words
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      239 2 Shipping Conference 2010 "Current Developments, Trends and Opportunities" The Shipping Conference will be a one-day event, and will include a welcome address by Capt. Khong Shen Ping, Assistant Chief Executive, Maritime Port Authority of Singapore on the current developments and trends in the shipping industry in Singapore and will provide
      239 words
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      187 4 Head to CATS FASTADS in The New Paper for job opportunities! MATa BUY IT-SELL IT• FIND IT Discover The Secrets How You Can Make Money immediately Before The Market Recovers Secrets Revealed By Singapore's Top US Distressed Property Investor /Understand what really happened in the US Real Estate Market. /The
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Developers unfazed by China property curbs
      554 5  -  Home sales may be hit in the short term, but they are upbeat on the long term By EMILYN YAP CHINA’S moves to cool home sales may have spooked some investors into selling property stocks, but developers with projects on the mainland remain unruffled
      REUTERS  -  554 words
    • Article
      Lock icon Where ‘no comment’ is not good enough
      714 5  -  HOCK LOCK SIEW By MICHELLE QUAH CHATTING with an investment banker the other day, I learnt of two interesting practices in South Korea that would make listed companies here think twice about some of the disclosures they make. Firstly, in Korea, “no comment”
      714 words
    • Article
      Lock icon Volcano delays China Fishery’s dual listing
      248 5  -  By JAMIE LEE CHINA Fishery Group has postponed its secondary listing in Norway again, after air travel disruptions delayed marketing and road show activities. Air travel has come to a standstill after clouds of volcanic ash from the eruption of Iceland’s Eyjafjallajokull forced airlines
      248 words
    • Article, Illustration
      Lock icon Keppel Land’s Q1 net profit jumps 75%
      365 6  -  Boost from strong residential sales, property investment and fund mgt units By UMA SHANKARI KEPPEL Land yesterday reported a 75 per cent climb in Q1 2010 net profit to $64.7 million from $36.9 million a year ago on the back of robust residential
      365 words
    • Article
      Lock icon Direct admission for banks as trading members mooted
      368 6  -  By JAMIE LEE THE Singapore Exchange (SGX) has suggested changes to streamline the way banks are admitted as trading members of the securities market. SGX is now proposing that banks be allowed to participate directly as trading members, without having to incorporate
      368 words
    • Article, Illustration
      Lock icon ANZ CEO wants a ‘transformational’ deal
      667 6 It is eyeing Asia ‘big league’ with HSBC, Stanchart Reuters [SYDNEY] The chief executive of Australia and New Zealand Banking Group (ANZ), Australia’s fourth largest lender, wants to strike a major deal to catapult it into the Asia big league alongside HSBC and Standard
      Reuters  -  667 words
    • Article
      Lock icon OSIM’s Q1 profit more than doubles
      331 7  -  Revenue rises 34% on sales of new products that include a massage sofa launched in Jan By JOYCE HOOI OSIM International’s first-quarter net profit more than doubled to $8 million from $3.2 million a year ago. The quarter ended March 31 saw revenue rise
      331 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hiap Seng unit wins US$12m contract
        93 7 HIAP Seng Engineering Ltd announced that its 87 per cent-owned subsidiary, HS Compression Process Pte Ltd, has been awarded a contract worth US$12 million to supply gas compressor packages and related services. The work has started in Singapore and is scheduled for completion and
        93 words
      • Article
        Lock icon Tianjin proposes bonus issue of 369m shares
        107 7 TIANJIN Zhong Xin Pharmaceutical Group Corporation has proposed a 10-for-10 bonus issue of up to 369.65 million new shares comprising 269.65 million new A-shares and 100 million new S-shares. A-shares for China investors are denominated in yuan. S-shares for investors outside the PRC
        107 words
      • Article
        Lock icon Parkway unit in Korea clinical research MOU
        89 7 PARKWAY Holdings said its subsidiary, GleneaglesCRC Pte Ltd, has entered into a memorandum of understanding (MOU) with the Clinical Trial Centre of Severance Hospital, Yonsei University Health System in South Korea, to jointly provide high-quality and value-added clinical research services in the Asia-Pacific
        89 words
    • Article, Illustration
      Lock icon Bank Danamon Q1 earnings up 78%
      287 7 Reuters [JAKARTA] Indonesia’s sixth-largest lender, PT Bank Danamon, yesterday said first-quarter net profit rose 78 per cent to 701 billion rupiah (S$107 million) thanks to improved cost of credit and higher operating income. The bank, controlled by a consortium which comprises Singapore’s state investor
      Reuters; BLOOMBERG  -  287 words
    • Article
      Lock icon FSL Trust’s Q1 DPU falls 39% to 1.5 US cents
      453 7  -  DPU, down from Q1 2009 2.45 US cents, in line with guidance By VINCENT WEE FIRST Ship Lease Trust (FSL Trust) saw first-quar-ter distribution per unit (DPU) plunge 39 per cent to 1.50 US cents from 2.45 US cents in
      453 words
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      109 words
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      1128 6 MAT-3 BUY IT SELL IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Lloyds TSB Bank pic Balance Sheets at 31 December 2009 2009 million 2008 million Consolidated Income Statement for the year ended 31 December 2009 Assets Independent auditors' report To the members of Lloyds TSB Bank pic We
      1,128 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Commodity, emerging market units make gains
      871 8  -  Euro reverses three days of losses; yen down almost a full percentage point CURRENCIES CHEW XIANG Reporter EMERGING market and commodity currencies gained yesterday as investors worked through fears that Goldman Sachs’ woes and ash clouds over Europe would retard the nascent economic recovery.
      871 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 1 4 0 0 0 13 1 4 Manufacturing 87 38 68 7 1 18 94 39 86 Commerce 28 9 29 5 3 3 33 12 32 Tpt/Stor/Comms 28 7 8
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon K-Reit Asia
        352 8 April 20 close: $1.14 DBS GROUP RESEARCH, April 20 K-REIT Asia reported a set of results in line with expectations. Distribution income rose 14 per cent year-on-year to $17.8 million (distribution per unit: 1.33 cents) on a 23 per cent year-on-year improvement in revenue to $18.2 million. However,
        352 words
      • Article
        Lock icon Wheelock Properties (S) Ltd
        553 8  -  April 20 close: $2.05 Compiled by CONRAD TAN CIMB-GK RESEARCH, April 20 THE share price of Wheelock Properties (S) Ltd (WPS) reacted positively on April 19 to news that its Hong Kong-listed substantial shareholder, Wheelock Properties Limited (WP), may be privatised. Trading of WP shares has
        553 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,874 17,874 53,873 53,873 Manufacturing 608,455 103,328 711,783 385,320 3,970 389,289 Commerce 136,985 11,547 148,532 114,102 3,187 117,289 Tpt/Stor/Comms 175,328 3,285 178,613 355,924 367 356,291 Finance 25,452 5 25,457 200,332 200,332 Construction 53,975 9,800 63,775
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 2.200 -0.010 CapitaLand 3.960 -0.020 CapitaMall 1.860 CityDev 11.060 +0.120 ComfortDelGro 1.590 +0.020 DBS Grp 15.300 -0.060 F&N 4.890 +0.080 Genting SP 0.890 Golden Agri 0.595 +0.005 HK Land 5.060 +0.040 JMH 36.500 +0.520 JSH 21.360 +0.280 Jardine C&C 29.500 +0.680
      111 words
    • Article, Illustration
      Lock icon Strong Wall Street results cheer market
      540 8  -  STOCKS VEN SREENIVASAN Senior Correspondent SINGAPORE stocks recovered from its worst single-session drop in over a month, cheered by strong results on Wall Street and hopes that the Goldman Sachs suit may not have as big a fallout as previously feared. But activity was
      540 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Apr 20 VALUE CLOSE BT OB/OS 121.00 +140.0 BT CADI -*****.00 +180.0 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 732.47 +5.07 FTSE ST Small Cap 594.95 +7.42 FTSE ST All Share 740.06 +5.34 FTSE ST China Top 304.75 +2.53 FTSE ST China 314.22 +2.63 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME AsiaPower 119,651,000 Yangzijiang 110,625,000 Cosco Corp 76,856,000 Lereno R 75,656,000 GMG Global 60,044,000 Otto Marine 51,490,000 JES 51,078,000 VibroPower 44,066,000 Golden Agri 33,943,000 ChinaAniH 32,315,000 VALUE($) Yangzijiang 169,669,330 Cosco Corp 140,870,150 DBS Grp 94,447,580 CapitaLand 92,264,255 SingTel 67,660,931 NOL 46,662,860 SIA 42,842,505 UOB 39,900,864 Noble Grp
      55 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP GLD 10US$ ***** 209.0 1.4 DBXT Nifty 10US$ ***** 141.6 0.9 JMH 3650 71.5 1.4 OCC 3.93% NCPS10 8750 70.0 0.8 Jardine C&C 2950 68.0 2.4 OCBC Bk 5.1%NCPS 100 ***** 50.0 0.5 DBXT FTChina25 10US$ 3021 44.0 1.1 Great Eastern 1634 44.0 2.8 JSH
      114 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4968 -53.6 -0.8 Lyxor Russia 10US$ 410 -23.4 -4.0 SingTel BNPeCW*****3 6.5 -10.5 -61.8 UOB 5.05%NCPS 100 ***** -10.0 -0.1 ChinaFish 208 -7.0 -3.3 Keppel Land 366 -7.0 -1.9 STI 2950BNPeCW*****9 26.5 -7.0 -20.9 Yanlord.ES.1004 170 -7.0 -4.0 DBS Grp 1530
      120 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Apr 20 CHNG YR 2010 CLOSE FR Apr 19 S$ LOW S$ HIGH US$ 1.3754 0.36 1.4219 1.3732 Euro 1.8557 -0.12 2.0153 1.8535 Pounds 2.1147 -0.73 2.2831 2.0845 A$ 1.2786 -1.03 1.2960 1.2276 Yen* 1.4823 1.36 1.5927 1.4731 Rupiah* 0.***** 0.07 0.***** 0.***** Baht* 4.2728 -0.06
      87 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Icpas sets up 4 accountancy, business websites
      302 9 Aim is to deliver up-to-date contentrich material SINGAPORE’S national accountancy body, the Institute of Certified Public Accountants of Singapore (Icpas), has launched four websites on business and accountancy issues. They are the Icpas ethics centre, Icpas country desk, Icpas centre for financial reporting
      302 words
    • Article
      Lock icon Upper Serangoon, Hougang sites up for public tender
      462 9  -  Bids seen coming in at up to $560 psf ppr and $350 psf ppr respectively By UMA SHANKARI TWO more 99-year leasehold residential plots were launched for sale by the government yesterday one at Upper Serangoon Road from the confirmed list and
      462 words
    • Article, Illustration
      Lock icon HDB launches over 1,400 new BTO flats
      353 9  -  By EMILYN YAP THE Housing and Development Board (HDB) yesterday launched two new build-to-order (BTO) projects in Punggol, offering a total of 1,429 flats. Both projects will be near the Punggol MRT Station, bus interchange and the future Punggol town centre. Punggol Emerald,
      353 words
    • Article
      Lock icon Cruise Centre ties up with China firm
      331 10  -  S’pore entity looks to render support to Shanghai’s Wu Song Kou terminal By NISHA RAMCHANDANI SINGAPORE Cruise Centre Pte Ltd (SCC) and Shanghai Wu Song Kou International Cruise Terminal Development Co (WSK) signed a memorandum of understanding (MOU) yesterday to jointly explore collaborative
      331 words
    • Article
      Lock icon Petrochem industry fares well against Asian rivals
      455 10  -  Plants here running above 90% capacity to meet demand By RONNIE LIM DESPITE competition from newly-started plants, Singapore’s petrochemical industry fared better-than-ex-pected in the first quarter, with plants here running at operating rates of over 90 per cent to cater to regional demand,
      455 words
    • SINGAPORE ROUNDUP
      • Article, Illustration
        Lock icon S’pore film in Cannes competition
        98 10 HOMEGROWN film Sandcastle (above) will premiere at the Cannes Film Festival’s 49th International Critics’ Week (ICW), which will run from May 13 to May 21. The film’s director, Boo Junfeng, is eligible for the Camera d’Or award, for best first feature film in any one
        98 words
      • Article
        Lock icon Cityneon to partner YOG
        82 10 EVENT services provider Cityneon Holdings has joined the Singapore 2010 Youth Olympic Games (YOG) through one of its wholly owned subsidiaries as Official Special Events Infrastructure Marquees/Tents Partner. It will provide marquees, tents and canopies that will be deployed at 23 locations around Singapore during the
        82 words
    • Article
      Lock icon Sinopec eyeing S’pore as part of expansion plan
      289 10  -  By JOYCE HOOI CHINA Petroleum Chemical Corporation also known as Sinopec might be looking for a foothold in Jurong Island. The group’s spokesman in Beijing, Huang Wensheng, had said that Sinopec is looking at “business opportunities” in Singapore. While no additional information
      289 words
    • Article
      Lock icon Pact to set up biomed training modules
      209 10  -  By EILEEN TAY AN alliance was signed yesterday by partners of the Biomedical Manufacturing Implementation Committee (BMIC) to provide training modules leading to two Workforce Skills Qualifications (WSQs). The qualifications the WSQ Higher Certificate in Process Technology (Biologics Manufacturing) and WSQ Higher Certificate
      209 words
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      145 9 CATS Recruit The first step on your ladder to success CLA/AUG06/g Through the years, the E-Class has always set new standards with its ability to combine power with grace. And the new E-Class takes this strength to new heights. The eight-cylinder power plant on the E 500 belts out 388
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      106 10 "It's time for a clear view of those who have excelled at achieving transparency." 5™ SINGAPORE CORPORATE AWARDS Reserve the best tables at the Singapore Corporate Awards 2010. On Monday, 10 May 2010, industry leaders and business luminaries will converge at The Ritz Carlton, Grand Ballroom, to honour the year's
      106 words
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  • ECONOMY WATCH
    • Article
      Lock icon IMF set to propose levies on financial companies
      587 11 But officials say it doesn’t recommend tax on financial transactions Bloomberg [WASHINGTON] The IMF will recommend this week levies on financial companies, said officials with knowledge of the proposal to Group of 20 nations. The levies could be either on non-deposit liabilities
      Bloomberg  -  587 words
    • Article, Illustration
      Lock icon Greek yields hit new highs on bailout fund fears
      680 11 Reuters [FRANKFURT] Greece’s borrowing costs hit new highs yesterday, driven by concerns the country may need more money than previously anticipated to bail it out of trouble. European Central Bank governing council member Axel Weber said Greece might need as much
      Reuters; AP  -  680 words
    • Article
      Lock icon Major economies focus on finance at climate meeting
      257 11 Reuters [WASHINGTON] Representatives from the world’s biggest polluters sought to make progress on short-term financing to help developing countries adapt to global warming at a meeting hosted by the United States, US President Barack Obama’s top climate negotiator said. The Major Economies
      Reuters  -  257 words
    • Article
      Lock icon Fiscal deficits a major cause for worry, says IMF
      653 11  -  Report says they can spark interest rate rise, harm recovery By ANTHONY ROWLEY FISCAL deficits are becoming a major source of concern even as risks to financial system stability decline in the wake of the recent crisis, the International Monetary Fund
      653 words
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      327 11 A Singapore Travel Icon rmiin <- w Rhine River Summer Cruise Holiday Preview Tea Reception 24 Apr (Sat) P 11am P 45 Hongkong Street #04-01 Chan Brothers Function Room P Call 6212 9660 to RSVP By 23 Apr Stay 5 nights onboard the floating luxury hotel Amadeus Diamond sail along
      327 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon AYE, AYE MINISTER
      39 12 [KUALA LUMPUR] Malaysian Defence Minister Ahmad Zahid Hamidi at a model display of French naval vessels at the 12th Defence Services Asia Exhibition. The four-day exhibition at the Putra World Trade Centre opened on Monday. XINHUA
      XINHUA  -  39 words
    • Article
      Lock icon Indonesia reviews cocoa tax
      132 12 Reuters [JAKARTA] Indonesia has no plans to suspend an export tax on cocoa beans introduced on April 1, but the finance ministry is reviewing its impact, officials said yesterday. Indonesia, the world’s third-largest producer of cocoa, hopes the tax will boost domestic grinding and produce higher
      Reuters  -  132 words
    • Article
      Lock icon Bursa Q1 earnings jump 81 %
      511 12  - Bursa Q1 earnings jump 81 Revenue surges to over RM88 million from RM64.2 million a year earlier By PAULINE NG BURSA Malaysia has posted a net profit of RM28 million (S$12 million) for its first quarter ended March 31 an 81 per cent increase from a year back on a
      511 words
    • Article
      Lock icon M’sia to review subsidies, price controls: DPM
      515 12  -  Measures will be replaced by better social safety net, says Muhyiddin By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S Deputy Prime Minister Muhyiddin Yassin said yesterday that the country would review subsidies, price controls and other measures that could distort the economy and affect
      515 words
    • Article
      Lock icon Antam considering sale of new shares, rights issue
      158 12 Reuters [JAKARTA] State-owned miner PT Aneka Tambang (Antam) said late on Monday it may sell new shares or do a rights issue to raise funds for expansion. Antam has started several big projects worth up to US$3 billion, including a US$900 million
      Reuters  -  158 words
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      556 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China tightens rules to prevent property bubble
      667 13 It vows to punish developers that create artificial supply shortages Bloomberg [BEIJING] China has ordered developers not to take deposits for sales of uncompleted apartments without proper approval and barred them from charging “abnormally high” prices, stepping up efforts to prevent a property
      Bloomberg; REUTERS  -  667 words
    • Article, Illustration
      Lock icon China tycoon Huang Guangyu to face trial this week
      316 13 Reuters [BEIJING] Huang Guangyu, once China’s richest man and the founder of a major retail chain, will go on trial this week over charges of insider trading, state media reported yesterday. Huang, who made his fortune by founding and building up
      Reuters; BLOOMBERG  -  316 words
    • Article
      Lock icon Galaxy posts profit on cost cuts, rebound in visitors
      208 13 Bloomberg [HONG KONG] Galaxy Entertainment Group Ltd, the casino operator part-owned by Permira Advisers LLP, returned to profit in 2009 because of cost cuts, an increase in spending by tourists and a one-time gain related to bond buybacks. Net income was
      Bloomberg  -  208 words
    • Article
      Lock icon Revalue yuan or US will act: lawmaker
      550 14 Levin accuses Beijing of using currency as major tool to get economic advantage Reuters [WASHINGTON] The United States will take action if China does not begin to take steps in the coming months to raise the value of its currency, a top lawmaker
      Reuters  -  550 words
    • Article
      Lock icon Deutsche Bank’s Lee Zhang to become ICBC VP
      575 14 Bloomberg [HONG KONG] Deutsche Bank AG’s Lee Zhang, one of the most senior Chinese investment bankers at a western securities firm, is leaving to join Industrial Commercial Bank of China Ltd (ICBC), the world’s largest lender by market value. Mr Zhang, 45,
      Bloomberg  -  575 words
    • Article, Illustration
      Lock icon No retaliatory action against China: EU
      767 14 Reuters [BRUSSELS] The undervaluation of China’s currency and dumping of Chi-nese-made goods in the European Union are contributing to strains in trade relations between Beijing and the 27-country bloc, the EU’s trade chief said on Monday. But European Trade Commissioner Karel De Gucht said
      Reuters; AFP  -  767 words
    • Article
      Lock icon China Minsheng 2009 profit surges 53.5% to 12b yuan
      332 14 AFP [HONG KONG] China Minsheng Banking Corp, which raised almost US$4 billion from its Hong Kong initial public offering (IPO) last year, said yesterday that its 2009 net profit surged more than 50 per cent. The Beijing-based bank credited rapid asset
      AFP  -  332 words
    • Article
      Lock icon Shanghai readies for Expo with eye on Olympics lesson
      719 14 Extravagant Beijing Games venues have fallen into disuse LAT-WP LAT-WP [SHANGHAI] As China’s largest city prepares to open the most expensive world’s fair in history, the 2008 Beijing Olympics provides both a model and a cautionary tale. As with the extravagant
      LAT-WP  -  719 words
  • Page 13 Advertisements
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      272 13 facebook. n facebook.com kia. insider SORENTO Spend or Save Now of Later With the new Kia Sorento, the time to be undecided is over. Feature-packed, affordable and distinctive. The new Kia Sorento is your best-value choice with skyrocketing COE prices. Don't let rising COE prices stop you from making a
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  • INDIA
    • Article, Illustration
      Lock icon India raises rates second time in a month
      589 15 Lenders also ordered to hold more cash reserves in move to curb high inflation Bloomberg [MUMBAI] India’s central bank raised interest rates for the second time in a month yesterday and ordered lenders to set aside more cash as reserves, seeking to
      Bloomberg  -  589 words
    • Article
      Lock icon Head of India’s popular IPL on sticky wicket
      465 15 AFP [NEW DELHI] Indian Premier League (IPL) chief Lalit Modi yesterday faced an uncertain future after the government launched a probe into the financial dealings of the money-spin-ning cricket tournament. The tax investigation began after revelations by Mr Modi led to the
      AFP  -  465 words
    • Article
      Lock icon RBI to issue guide for banker pay
      260 15 Bloomberg [MUMBAI] India’s central bank said it plans to publish guidelines for executive compensation at local and foreign banks by the end of June, following steps taken by countries including China, France and the United Kingdom. The norms, aimed at aligning risk-taking with
      Bloomberg  -  260 words
  • Page 15 Advertisements
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      1417 15 Keppel Land Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2010 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the quarter ended 31 March 2010: Quarter Ended 31.03.10
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Goldman fraud claim ‘difficult to prove in court’
      936 16 Strength of the case impossible to gauge until more evidence is out: legal experts NYT [WASHINGTON] In accusing Goldman Sachs Group of defrauding investors, regulators are not only taking aim at a company with deep pockets and a will to fight they
      NYT; BLOOMBERG  -  936 words
    • Article, Illustration
      Lock icon Brown urged to suspend Goldman’s services to govt
      497 16 Bloomberg AFP [LONDON] UK Prime Minister Gordon Brown was pressed yesterday by opposition parties to suspend Goldman Sachs Group Inc from government work until regulators complete a probe of the New Yorkbased firm. With elections on May 6, the Conservatives and Liberal
      Bloomberg; AFP; BLOOMBERG  -  497 words
    • Article
      Lock icon What are CDOs?
      763 16 AP [WASHINGTON] In the old days, local banks in America held mortgage loans as investments. Then, in the years leading to the US financial crisis, things got a lot more complicated. Mortgages were pooled into securities that were sold to investors. And that was followed by even
      AP  -  763 words
    • Article
      Lock icon AXA Asia flags strong Q1 performance
      508 16 Well-timed quarterly update may help it maintain bid tempo Reuters Bloomberg [SYDNEY] AXA Asia Pacific Holdings issued a strong business update yesterday, its third in as many months, as the Australian wealth manager looks to maintain the tempo in a US$12 billion-plus takeover battle
      Reuters; Bloomberg  -  508 words
    • Article
      Lock icon One reason banks are against reforms
      482 16 Bloomberg [NEW YORK] Banks are making more money arranging customised equity derivatives for clients in Europe than from managing initial public offerings (IPOs), one reason they’re resisting reforms that may curb that profit. Credit Suisse Group, JPMorgan Chase and Deutsche Bank are among firms
      Bloomberg  -  482 words
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  • WORLD
    • Article
      Lock icon Fund firms lift profile in emerging markets
      694 17 Wealth fund clients raising exposure to developing economies Reuters [LONDON] Emerging market sovereign wealth funds (SWFs) and other government institutions are raising their exposure to developing economies, prompting a rush by fund firms to beef up their local presence and grab a piece
      Reuters  -  694 words
    • Article
      Lock icon Cyberattack on Google hits password system
      338 17 Reuters Bloomberg [NEW YORK] A December cyberattack on Google Inc computers hit the company’s password system that millions of people worldwide use to access almost all of the company’s Web services, The New York Times said, citing a person with direct knowledge of the
      Reuters; Bloomberg  -  338 words
    • Article
      Lock icon Big US brokerages losing market share
      371 17 Reuters [NEW YORK] The four biggest brokerage companies dominate the US wealth management space, but independent and regional firms are catching up as they gained clients and assets after the 2008 downturn. Consulting firm Aite Group said in a report on Monday that the
      Reuters  -  371 words
    • Article
      Lock icon Producers agree to index natural gas prices to oil
      766 18 But they avoid plan to set up quotas as way of tackling slumping prices AP Reuters [ORAN, Algeria] The world’s biggest natural gas-producing countries agreed on Monday to try to index natural gas prices to oil, but steered away from any
      AP; Reuters  -  766 words
    • Article, Illustration
      Lock icon IBM bullish on tech spend as Q1 net rises 13%
      544 18 AP [NEW YORK] IBM Corp’s profit jumped 13 per cent in the first quarter, and the company offered evidence that corporate technology spending is rebounding after the recession. IBM said on Monday it earned US$2.6 billion in the first three
      AP; AFP  -  544 words
    • Article
      Lock icon It’s out – how the next iPhone will look like
      609 18 It’s out how the next iPhone will look like Bloomberg NYT [NEW YORK] Apple Inc’s next iPhone will feature a front-facing camera, metallic rim and boxier design, according to technology blog site Gizmodo.com, which said it obtained a prototype a company engineer had left at a bar. The device, disguised
      Bloomberg; NYT  -  609 words
    • Article, Illustration
      Lock icon Exxon CEO sees economic risk from high oil prices
      399 18 Reuters [HOUSTON] Rising energy prices could damage the nascent US economic recovery and misguided energy policy could worsen the situation,the head of ExxonMobil, the largest US oil company, said on Monday. “It does concern me that energy prices not become an
      Reuters  -  399 words
    • Article
      Lock icon CalPERS revises policy on real estate investment
      467 18 It will not invest in strategies that hit low-income homes AP [SACRAMENTO, California] America’s largest pension fund has changed its policy on investing in real estate to balance its socially responsible investment philosophy with its quest for profits. The revised policy, adopted at
      AP  -  467 words
    • Article
      Lock icon SEC knew Lehman broke its risk management rules: report
      527 19 2,200-page report from examiner says agencies monitored but did not regulate Bloomberg [NEW YORK] Lehman Brothers Holdings violated its own risk management rules with the knowledge of the US Securities and Exchange Commission, a bankruptcy examiner said. “We found that the
      Bloomberg  -  527 words
    • Article, Illustration
      Lock icon Fuld: I didn’t know of accounting gimmicks
      196 19 Reuters [NEW YORK] Lehman Brothers’ former chief executive said he only learned of Lehman’s use of a controversial accounting technique a year after the investment bank filed for bankruptcy in September 2008. Richard Fuld, whose October 2008 appearance before lawmakers was marked by
      Reuters  -  196 words
    • Article
      Lock icon Lobbyists, bankers swarm US agricultural committee
      534 19 Senate panel today will take up bill to rein in derivatives NYT Reuters [WASHINGTON] Assessing the battle to overhaul the US financial regulations recently, JPMorgan Chase CEO Jamie Dimon left no doubt about the consequences if Congress cracked down on his bank’s immense business
      NYT; Reuters  -  534 words
  • Page 17 Advertisements
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      511 17 Citi Private Bank cm Success fulfills you in a career like no other "Designing tailored solutions to preserve the wealth legacy of our clients and their future generations is demanding but personally rewarding." Jessica Poh Managing Director Head, Indonesia Citi Private Bank Join The World's Most Global Private Bank We
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  • Page 19 Advertisements
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      292 19 SPRING DELICACIES Enjoy seasonal specialties presented by Chef Hiroshi Kagata with a ten-course Sakura Kaiseki featuring Grilled Baby Lobster with Sea Urchin, Simmered Top Shell with Ginger Soy Sauce and Stewed Minced Beef and Pork rolled in Spring Cabbage Priced at $160++, this exquisite kaiseki menu is available only for
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  • Transport HUB
    • Article
      Lock icon Formidable maritime shop window
      745 20  -  Singapore Maritime Week starting this Sunday will be chock-a-block with events to cater to a variety of audiences STRAIT TALK By DAVID HUGHES ONE important aspect of Singapore Maritime Week (SMW) is as was mentioned at some length in last week’s column the way the programme
      745 words
    • Article, Illustration
      Lock icon Baltic index softens after four days of gains
      675 20 Bloomberg [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, eased on Monday in quieter trade, with brokers seeking a demand push for the bigger capesize vessels. The Baltic Dry Index, which gauges the cost of
      Bloomberg; REUTERS  -  675 words
    • Article
      Lock icon Australia expands Barrier Reef protection
      443 20 Bloomberg [CANBERRA] Australia will expand protection along the entire 3,000-km Great Barrier Reef after a Chinese coal carrier ran aground this month, damaging a section of the World Herit-age-listed area. Transport Minister Anthony Albanese said ships of 50m or more in length and oil tankers,
      Bloomberg  -  443 words
    • Article
      Lock icon Russia seeks new ways to export grain
      309 20 Reuters [MOSCOW] Russia, seeking new ways to export its growing stocks of grain, is considering building new terminals on Ukraine’s Black Sea coast and cutting rail tariffs via its ex-Soviet neighbour to be competitive on world markets. United Grain Company, the state-run trader
      Reuters  -  309 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 20 SGX '000 Apr 20 S$ +/-Vol CH Offshore 0.68 -0.01 192 Chuan Hup Hldgs 0.30 unch 237 Cosco Corp 1.86 0.07 ***** CWT Ltd 1.01 0.01 2095 Ezra Hldgs 2.23 -0.01 9541 First Ship Lease 0.64 0.01 2645 Freight Links 0.06 0.01 197 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Asia carriers lose US$40m a day over volcano chaos
        376 21 AAPA joins calls for urgent review of the ban on flights by European countries FLIGHT DISRUPTION AFP [SINGAPORE] Asia-Pacific airlines are losing an estimated US$40 million a day from the closure of European airspace due to a volcanic eruption. Andrew Herdman,
        AFP  -  376 words
      • Article
        Lock icon Global jet fuel demand down by 1m bpd
        444 21 Reuters [LONDON] The volcanic ash cloud from Iceland has cut world jet fuel demand by at least one million barrels per day (bpd), or about a fifth of global consumption, according to market analysts. Before the travel disruption last Thursday, which is
        Reuters  -  444 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2849 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 JL5083 2230 --QF82 2230 LH9770 2350 SQ269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0605 MP96 0840 SQ323 0605 LO4032 2345
        2,849 words
      • Article
        Lock icon Insurers expect millions in claims by travellers
        251 21 NYT [NEW YORK] The travel insurance industry is paying claims to travellers stranded in Europe and elsewhere by the drifting Icelandic volcanic ash, treating it mostly as a weather-related event in their policies, industry officials said. Some expect the claims to total millions
        NYT  -  251 words
      • Article, Illustration
        Lock icon Volcanic ash clouds various Asia businesses
        524 21 AFP [HONG KONG] Japanese sushi lovers are running out of prized Norwegian salmon and plane-loads of goods from garments to mobile phones are piling up as Asian business counts the cost of Europe’s air chaos. Thousands of factories in Guangdong province in China, the
        AFP; REUTERS  -  524 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Parallel imports in Singapore sink in Q1
        549 22  -  But premium Euro models speed up; Merc is still most coveted luxury make By SAMUEL EE THE number of parallel imported (PI) cars plunged in the first quarter of this year, but the ratio of high-end European PIs to cheaper Japanese ones increased
        549 words
      • Article
        Lock icon Toyota tops parallel imports list again
        354 22  -  By SAMUEL EE TOYOTA has regained the lead from Honda in the parallel import (PI) stakes. Overall, the market share of the Japanese brands in the PI segment may have taken a beating but the world’s biggest carmaker has still managed to overtake its
        354 words
      • Article
        Lock icon Toyota to recall 34,000 vehicles
        274 22 AFP [TOKYO] Toyota said that the safety recall of its sports utility vehicles the Lexus GX 460 and some models of the Land Cruiser Prado will total 34,000 units worldwide. The Japanese car giant promised to fix problems with the vehicle stability control system that
        AFP  -  274 words
      • Article
        Lock icon GM to repay government loans ahead of schedule
        336 22 NYT [DETROIT] General Motors, hoping to build confidence in its turnaround and move towards becoming an independent public company again, plans to repay the balance of its government loans this week. The automaker is expected to pay off US$4.7 billion to the
        NYT  -  336 words
      • Article, Illustration
        Lock icon Asian carmakers driving round to earnings track
        665 22 Reuters [SEOUL/TOKYO] Quarterly earnings at Asian carmakers are set for a big improvement thanks to recovering demand and cost cuts, and analysts are turning their focus to how fast they can get back to sustained, pre-crisis growth. After the industry’s worst downturn in
        Reuters; REUTERS  -  665 words
      • Article, Illustration
        Lock icon Chrysler’s hopes riding on its Grand Cherokee
        352 22 AP [AUBURN HILLS, Michigan] To see how Chrysler’s new Italian management plans to bring the company back from its near-death experience, keep an eye on the 2011 Jeep Grand Cherokee. The new version of one of Chrysler’s top sellers, which goes on sale
        AP  -  352 words
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      69 20 A Total Systems Solution for Freight Forwarding An Exclusive Invitation Join us for a Networking cum Cocktail Event at Klapsons Boutique Hotel on 30 April 2010, Friday from 6pm to 9pm and uncover opportunities. Email sales@cyberfreight.com.sg or call 6227 2497 for more event details or to RSVP. Improve productivity and
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      318 21 CRYPTIC CROSSWORD Across 1 Exhausted MEP’s upset relationship with leader of Denmark (7) 5 Attacked son with belt next to sea (7) 9 Children poorly with this perhaps (5) 10 Opinions stick (9) 11 Say isn’t fig revolting? On the contrary (10) 12 Heads back for a jar (4) 14
      318 words
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      27 22 -S- tk Lianhe Zaobao Govt cooling measures put to the test 10 more sites for tender in 3 months To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      27 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9013 23 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 4.5 3148 8Telecom 17cd unch 25 17 17 17 17.5 1.7 10.6 5.5 81.4 10 4.5 5834 A-Sonic 7 unch 329
      9,013 words
    • Article
      Lock icon SGX CATALIST
      1764 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 5.5 6.5 38.9 6.7 25 12 8538 t APStrategic 22.5 unch 582 22.5 19 22
      1,764 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9348 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.25/ APS Alpha Fund (USD)!** 0.9/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.73/ Aberdeen Asset Mgt Asia Limited American Opp 0.6747/ Asian Credit Fund 1.2467/ Asian
      9,348 words
    • Article
      Lock icon SGX ETF
      583 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 109.5 109 112 499.8 876 527 CIMBAsean40 100US$ US876 868 872 35 306 180 DBS STI ETF
      583 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A49 46.5 54 3.6 7.1 3.9 127.6 31 9.5 6017 Genting HK US$ US20.5 -0.5 1064 20.5 20 20 20.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 25 In local curr In S$ In US$ dy yr dy yr dy yr Apr 19 Index Change Change Change Change Change Change World Index Preliminary 875.2 -0.6 5.1 -0.3 2.0 -0.7 3.8 EAFE Preliminary 815.0 -0.9 3.8 -0.8 -1.0 -1.3 0.7 Europe Preliminary 1164.7 -0.5
      365 words
    • Article
      Lock icon PALM OIL
      74 25 Apr 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2499 2520 2520 2486 948 6413 Jun 10 2481 2508 2508 2471 3775 ***** Jul 10 2478 2498 2500 2464 9949 ***** Aug 10 2474 2494
      74 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Apr 20 S$ Bid Offer 1-month 1.3751 1.3755 2-months 1.3751 1.3756 3-months 1.3752 1.3756 6-months 1.3752 1.3756 Source: OCBC
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    • Article
      Lock icon STOCK INDEX FUTURES
      32 25 Apr 20 FUTURES Apr 20 Open High Sett STI Apr 2963 2963 2965 SIMSCI Apr 351.4 354.7 352.9 Taiwan Apr 279.4 282.1 281.0 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon SIBOR
      85 25 Apr 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      371 25 Apr 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6350 0 3310 Sep10 99.5200 0 1136 Dec10 99.2750 0 1586 Mar11 98.9400 0 2488 EUROYEN TIBOR FUTURES Jun10 99.6200 99.6200 99.6200 99.6200 116 4420 Sep10 99.6350 99.6350 99.6350 99.6400 129 3415 Dec10 99.6450 0 1353
      371 words
    • Article
      Lock icon SICOM FUTURES
      175 25 Apr 20 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 410.0 410.0 410.0 3 Jun 10 385.0 384.5 392.0 24 Jul 10 367.0 366.0 368.1 36 Aug 10 348.0 348.0 354.0 5 Sep 10 347.0 Oct 10
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Apr 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 22.07.2010 0.33 1-Year BY*****N 01.11.2010 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.08 5-Year N*****0N 1.375 01.10.2014 100.84 100.95 100.88 7-Year N*****0Z
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 25 Apr 20 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2620 1.3000 Can dollar 1.3500 1.3650 Euro 1.8460 1.8670 NZ dollar 0.9680 0.9890 Sterling pound 2.0990 2.1220 US dollar 1.3690 1.3840 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      179 25 Apr 20 Bid $S Offer Bid Overnight 1/16 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 0.08 US$ Offer Bid 7 days 0.28 0.24 1 month 0.35 0.25 2 months 0.38 0.28 3 months 0.40 0.30 6 months 0.52 0.42 9 months 0.90 0.70
      179 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2478 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 15 -16 5.63 49 4085 ASJ Hldgs W*****1 3.5 unch 80 1 4 15 1.86 22 2036 Advance SCT Ltd W*****9 0.5 1 87
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 25 Apr 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.941 6.356 0.690 7.228 41.480 83.920 0.864 10.410 2.982 1.309 78.352 41.492 1.281 6.911 0.990 29.261 30.002 0.606 0.931 Canada 1.063 6.753
      466 words
    • Article
      Lock icon PRECIOUS METALS
      138 25 Apr 20 GOLD (US$/oz) Apr 20 Apr 19 Hong Kong 1142.20 1128.90 Apr 19 Apr 16 London 1131.95 1135.55 1132.95 1136.55 Source: Thomson Reuters CAST BAR Apr 20 (S$) Selling Buying Kilobar 54,028.58 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 343.47 252 10gm 614.18
      138 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Apr 20 Apr 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2803 1.2808 0.9311 0.9312 Canadian dollar 1.3602 1.3611 0.9892 0.9896 Euro 1.8547 1.8556 1.3489 1.3491 NZ dollar 0.9778 0.9786 0.7111 0.7115 Sterling pound 2.1126 2.1134
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    • Article
      Lock icon LONDON METALS
      71 25 Apr 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2336.50 2402.05 3 months 2369.00 2434.00 Copper, Grade A (US$/tonne) Cash 7663.00 7728.00 3 months 7695.00 7760.00 Lead (US$/tonne) Cash 2209.00 2237.00 3 months 2236.00 2261.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon CHICAGO BOT
      105 25 Apr 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 976.75 985.25 985.25 970.50 Jul 10 986.50 995.00 995.00 982.00 Aug 10 981.75 990.75 990.00 977.75 Sep 10 964.25 973.25 973.75 959.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.93 39.80 39.80
      105 words
    • Article
      Lock icon LIFFE
      77 25 Apr 19 COCOA (£/tonne) Close Prev High/Low May 10 2171 2180 2181/2143 Jul 10 2191 2200 2200/2161 Sep 10 2162 2170 2170/2143 Dec 10 2132 2139 2144/2115 COFFEE (US$/tonne) Close Pev High/Low May 10 1314 1345 1343/1310 Jul 10 1353 1382 1380/1348 Sep 10 1385 1412 1410/1377 SUGAR (US
      77 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Apr 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.99 -1.87 WTI (Near Mth) 81.63 -1.50 Dubai (1-Mth F) 82.23 -2.74 Tapis blend 86.60 -3.05 Minas 86.30 -3.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.72 -1.95 Jet Kerosene 92.50 -3.76 US$/barrel Opec Oil
      77 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      77 25 Free online seminars to develop your FX/CFD trading skills. tti* 0 View our free seminars online, on demand. Guiding you through your CFD journey; topics range from CFD basics, trading psychology, charting and much more. Join live online sessions with our head of Client Education. Register now to learn more
      77 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Yet another nightmare for airlines
      497 26 EDITORIAL JUST as it was clawing its way out of an annus horribilis, the airline industry has been struck by another potentially catastrophic crisis. Some airlines may go under. The industry as a whole could take years to recover. Current estimates of the cost of
      497 words
    • Article, Illustration
      Lock icon Sino-US ties: President Obama wins battle of wills
      763 26  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ALMOST as suddenly as it began, the severe tensions that descended on the Sino-American relationship in the winter dissipated with the spring and, last week, US President Barack
      763 words
    • Article, Illustration
      Lock icon Case for use of yuan in commodity trading
      997 26  -  This will boost the currency’s status and give impetus to hasten its convertibility By ANNIE KOH, YUAN CHENG QIU, XINYI LIU Associate Professor Annie Koh is the associate dean of the Lee Kong Chian School of Business at the Singapore Management University.
      AFP  -  997 words
    • Article, Illustration
      Lock icon Republicans put on the defensive by Obama
      1040 27  -  Goldman fraud case seen as providing Democrats with leverage to press GOP to help approve financial reform bill LEON HADAR Washington Correspondent ONE of the major turning points in the Congressional debate over the legislation to reform healthcare was the decision on Feb
      AFP; AP  -  1,040 words
    • Article, Illustration
      Lock icon Asean shows way to a single market
      821 27  -  By SANCHITA BASU DAS The writer is lead researcher for economic affairs at the Asean Studies Centre, Institute of South East Asian Studies. These are her personal views. WHEN the 16th Asean Summit convened in Vietnam on April 8, it grabbed the headlines
      821 words
    • LETTER TO THE EDITOR
      • Article
        Lock icon Residents have power to deal with MC members
        282 27  -  Chong Wan Yieng (Ms) Head, corporate communications Ministry of Law MS Florence Tan (“Keep members of MC, sales committee distinct”, BT, April 15) suggests that members of management committees (MC) be distinct from members of en bloc sale committees (SC). Ms Tan
        282 words
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    6063 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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      29 28 Shipping line: seeking reliable logistics partners Can "they find your services here in the Shipping "TO ADVERTISE, CALI IOE WONG AT 9620 *1 327 THE BUSINESS TIMES SHIPPING TIIVIES
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      333 30 OCBC PREMIER BANKING ISN'T IT TIME YOU ENJOYED BONUS INTEREST ON YOUR SAVINGS? W tXA "A j m •-i fulfill Earn interest of up to V/o p.a. when you deposit with us. Enjoy an attractive bonus interest of 0.45% p.a. when you deposit S$300,000 or more of fresh funds into
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      314 31 XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself
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      433 32 ooawoo* RESIDENCE Freehold The Most Exclusive Green Address In Singapore PRIME DISTRICT 10 n 4r' f I IK; < m ft if %r0 <4 If) i: r RT Sn" 1 IBiiiliililiiililiillilili Goodwood Hill Shangri-La OSANGF HOTEL G, °k, Raffles Girls' Sec Sch N A S *IA1 Mo The Tanglin Club
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      340 1  -  Jamie Lee T HINGS are looking busy in the corporate finance space. A recent Ernst Young report noted that the global initial public offering (IPO) activity from January to March this year reached US$53.2 billion, thanks to 267 deals. This compared with only 52 deals raising just US$1.4
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      999 1  -  With the economic and equity market outlook improving dramatically, this year is expected to surpass 2009 in terms of IPO volume in Asia, writes CHANG TOU CHEN CHANG TOU CHEN The writer is managing director and head of advisory for Asia
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      46 1 LIST OF COMPANIES Daiwa Capital Markets Singapore Limited PAGE 5 HL Bank PAGE 6 HSBC Ltd PAGE 7 PricewaterhouseCoopers Corporate Finance PAGE 8 RHB Banking Group PAGE 9 Xpress Print Pte Ltd PAGE 10 ADVERTISING SALES Tom Yuen, Leon Wong, Adeline Sim (project manager) Tel: *****169
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      807 5 DAIWA CAPITAL MARKETS SINGAPORE LIMITED As a merchant bank growing its investment banking services in Asia, we are determined to continue to develop our solutions capabilities, and bring value to our clients regardless of market conditions. yoshihiro Inoue Head of Investment Banking, Daiwa Capital Markets Singapore Limited X I i
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      1301 6 HL Bank At Hong Leong Bank, we believe in putting our customers first, guided by our values of Integrity, Trust and Service. As we are in the people business, our relationships with our customers are distinguished by the quality and depth of our Relationship Managers' service and advice. Hong Leong
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      842 7 HSBC <!► HSBC Global Banking South-East Asia: Delivering success to our clients In today's fast evolving financial markets and business dynamics, HSBC is proud to remain one of the world's largest international banks. Our longstanding stability enables us to focus on innovative strategic advisory services and financing solutions for our
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      874 8 Pricewaterho useCoo pers Corporate Finance In the post-crisis environment, corporations are considering ways to strengthen their balance sheets and to line up resources to take full advantage of the opportunities that have arisen to participate in the recovery. Many of you may want to access optimum sources of capital or
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      1121 9 KHB Banking Group 5^^ inBenTrrr|& r- HRTiTpiniPTmETrTnTPr r,,r ""-1 ■wreiRrr.'nPunfnrjsi!' MWBA d rr •swf! 5* RHB Centre at Jalan Tun Razak, Kuala Lumpur, Malaysia Regional presence RHB Bank Berhad, Singapore Branch is part of the regional banking group, RHB Capital Berhad, which is listed on the Main Board of Bursa
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      460 10 New Lntiiti 80 Robinson Road New Services Corporate Finance Facilities Rental Singapore Robinson Road ri sCONFERENCE ROOM 2 (12 PAX) ■8 I iHiiiiiii m w GF HHMMI mt '-TjT 0) iPBPllPfPBPi <& II m Q: msmmi u sS3fi! o KB ibis®® .81 5T <8 P <3 JTV 1 I V
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