The Business Times, 5 May 2010
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2010-05-05
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The Business Times
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Title Section23 2010-05-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 123/08/2009 CO REGN NO *****2868E Wednesday, May 5,201023 words
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Article, Illustration656 2010-05-05 1 CONRAD TAN - Investors now fear default may be inevitable even with the rescue package By CONRAD TAN [SINGAPORE] Equity and bond markets in Europe reeled yesterday amid fears that a rescue package for Greece won’t stop the country from eventually defaulting on its debt,AFP - 656 words
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Article140 2010-05-05 1 ST INDEX 2,901.18 (-43.04) ST INDEX FUTURES 2,888.00 (-41.00) SIMSCI 342.55 (-6.09) SIMSCI FUTURES 340.30 (-6.40) FOREX US$ S$ US$ (S$ per US$) 1.373 (US$/S$ per 1.521 2.088 EURO (US$/S$/E) 1.317 1.809 Foreign currency per US$ S$ YEN 94.80 69.00 RM 3.210 2.338 HK$ 7.763 5.654 BAHT 32.28140 words
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689 2010-05-05 1 MICHELLE QUAH - Sudden about-turn after SGX receives complaint about lawsuit, material irregularities By MICHELLE QUAH [SINGAPORE] Singapore’s largest local share offering this year that of Chinese shipbuilder New Century Shipbuilding has run aground. The company announced last night that “it has decided not to689 words
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Advertisement129 2010-05-05 1 CUSTOMER SATISFACTION Handling complaints key to loyalty PAGES 12 13 TRANSPORT HUB US Gulf Coast tanker rates surge PAGE 20 EMERGING ENTERPRISE GHP stamps its mark PAGE 10 UK ELECTIONS Tories may win and inherit economic mess PAGE Passion ANNIVERSARY 1860|2010 ED f o ifi c i WJ TURI MO129 words
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TOP STORIES
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Article, Illustration813 2010-05-05 2 NEIL BEHRMANN - Govt bonds rise on expectations party will move to cut huge budget deficit By NEIL BEHRMANN LATEST polls indicate that the Conservative Party either on its own or as a coalition with the Liberal Democrat Party will be the next British government onAFP - 813 words
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Article, Illustration464 2010-05-05 2 VEN SREENIVASAN - But not clear yet if Europe airspace will be shut down again By VEN SREENIVASAN [SINGAPORE] Europe faces a repeat airspace shutdown as the Icelandic volcano that grounded more than 100,000 flights last month spews dangerous ash into the air again. YesterdayAP - 464 words
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660 2010-05-05 2 RONNIE LIM - Plant may draw such downstream players as detergent makers By RONNIE LIM [SINGAPORE] Shell is at “an advanced stage of planning” for a world-scale, high-purity ethylene oxide (HPEO) plant on Jurong Island which is drawing in downstream players such as detergent makers660 words
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Article703 2010-05-05 2 New Century IPO sinks after complaint SINGAPORE’S largest local share offering this year that of Chinese shipbuilder New Century Shipbuilding has run aground. The company announced last night that “it has decided not to go ahead with its planned initial public offering on the SGX-ST (Singapore Exchange) at703 words
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412 2010-05-05 2 NYSE Euronext sells the stake in Mumbai-based bourse for US$175m Bloomberg [SINGAPORE] Temasek Holdings Pte bought a 5 per cent stake in the National Stock Exchange of India Ltd from NYSE Euronext to tap the country’s economic expansion. NYSE Euronext sold theBloomberg - 412 words
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Article, Illustration589 2010-05-05 4 Reuters [ZURICH] UBS boss Oswald Gruebel predicted moderate asset withdrawals in the short term as the Swiss bank’s forecast-beating quarterly results gradually start to boost client confidence and wealth advisers’ morale. Strong fixed-income revenues and higher wealth management margins helped UBS postReuters; REUTERS - 589 words
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706 2010-05-05 4 S Jayasankaran - Fierce resistance to proposal likely; former PM Mahathir in forefront of opposition to idea By S Jayasankaran in Kuala Lumpur MALAYSIA has given the nod to a proposal to set up a nuclear power plant by 2021, Minister for Energy, Green Technology and706 words
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584 2010-05-05 4 Boost comes also from commercial, investment banking Reuters [LONDON] Standard Chartered plc said it made record first-quarter earnings thanks to buoyant commercial and investment banking business and improving consumer banking in its key Asia markets. The bank said yesterday itReuters - 584 words
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Advertisement7 2010-05-05 2 Shell upbeat over long-term prospects, Page 107 words
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Advertisement321 2010-05-05 3 a parent looking to save while I spend on my child's education /a& W&A m,\ A A W sA& /M®E5w53?r r *****118' r OSA-fx.i M W m j V. ii .^IF hub Iv SS£ <#1 v v; "wwrfw** the smarter way c sending t i DBS foreign exchange rates leave321 words
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Advertisement1821 2010-05-05 4 [SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OLIVANT ADVISERS (ASIAPACIFIC) PRIVATE LIMITED (In Members' Voluntary Liquidation) Company Registration No. *****5806C Extract of the Minutes of an Extraordinary General Meeting of Olivant Advisers (Asia-Pacific) Private Limited signed1,821 words
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Advertisement269 2010-05-05 4 SENTOSA COVE BUNGALOWS/ LAND FOR SALE TREASURE ISLAND ***** sq ft, Build up ***** sqft Top finishes, Private berth Very exclusive, Nice layout TOP soon! CORAL ISLAND 6500/7300 sqft Private berth vacant Only $12.5M SOUTH COVE *****/***** sqft Wide frontage, Most beautiful seaview 36m pool, Top finishes, 5 minswalkto Tanjong269 words
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COMPANY NEWS
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795 2010-05-05 5 LYNETTE KHOO - CIMB, AmFraser planning to introduce more offerings By LYNETTE KHOO TOP Malaysian investment banks are increasingly eyeing a bigger slice of the initial public offering (IPO) action in Singapore, bringing onto the table not just their home-market expertise but more diversity in795 words
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339 2010-05-05 5 CHEW XIANG - By CHEW XIANG SINGAPORE Technologies Engineering (ST Engg) yesterday reported first-quar-ter net profit rose 8.9 per cent to $92.8 million, from $85.2 million a year ago. This was on the back of a 3.2 per cent increase in sales,339 words
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465 2010-05-05 5 CONRAD TAN - By CONRAD TAN SEMBCORP Industries has received notice of a lawsuit by New York-listed water company Cascal seeking to prevent its hostile takeover of the firm, and has hired lawyers in the United States to defend itself. On Friday, Cascal filed a suit against465 words
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Article, Illustration562 2010-05-05 6 KALPANA RASHIWALA - Unit places bid of $498.98 per sq ft of potential gross floor area By KALPANA RASHIWALA IT WAS an interesting tender result yesterday for a 99-year leasehold private condominium plot near Lakeside MRT Station, with two listed property groups in the Temasek stable562 words
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692 2010-05-05 6 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY THE thing about stock market disclosure is that it’s supposed to be timely, ongoing and cannot favour any particular group over others. Problem is, even though listed companies know this, few actually practise it. Often, research reports692 words
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362 2010-05-05 6 LYNETTE KHOO - By LYNETTE KHOO AUDITORS of Reyphon Agriceutical have qualified their opinion on the company’s financial results for the year ended Dec 31, 2009, as they could not verify the validity and completeness of revenue and trade receivables. Reyphon, a China-based maker of plant362 words
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Article278 2010-05-05 6 WINSTON CHAI - By WINSTON CHAI DBS Bank has become the latest financial institution to dip its toes into the emerging field of mobile payments with a new trial that promises to turn any handset in the market into a high-tech, cellular wallet. Unlike previous pilots that278 words
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231 2010-05-05 6 Reuters FORTRESS Investment, one of the world’s largest publicly traded alternative asset managers, plans to rebuild its Asian operations and is in the process of setting up an office in Singapore, sources said. Hedge funds have been making a beeline for Asia, attracted byReuters - 231 words
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Article, Illustration549 2010-05-05 9 SIOW LI SEN - Net profit up 332% after excluding one-off gain of $195.5m in Q1 2009 By SIOW LI SEN GREAT Eastern Holdings (GEH) has posted strong results for the first quarter in line with a resurgent economy and continued recovery of the global financial markets.YEN MENG JIIN - 549 words
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Article111 2010-05-05 9 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG Great Eastern 179.10 237.00 -24.4 1,343.00 1,175.70 14.2 ST Engg 92.82 85.24 8.9 1,360.92 1,318.19 3.2 Fortune Reit 19.12 14.91 28.2 37.65 30.28 24.3 NSL 12.87 13.88 -7.3 72.79 96.04 -24.2111 words
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COMPANY BRIEFS
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Article42 2010-05-05 9 HG Metal Manufacturing Ltd warned that it expects to report a loss for the second quarter ended March 31, 2010. This is attributable to the $1.9 million loss from the sale of shares in BRC Asia Ltd.42 words
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Article115 2010-05-05 9 ZHONGHUI Holdings has signed a conditional sale and purchase agreement with Rising Tyre Co to undertake a reverse takeover (RTO). The group said that under the agreement signed on April 30 subsequent to an in-principle agreement, it will acquire the Chinese tyre company through the115 words
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Article56 2010-05-05 9 ORIENTAL Food (Holdings) announced it has entered into an agreement with eight placees to place 210 million new shares at $0.***** each. The placement will raise net proceeds of about $9.85 million. The funds will be used to fund the group’s future investment in new business56 words
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453 2010-05-05 9 LYNETTE KHOO - By LYNETTE KHOO RAFFLES Education has chalked up a net profit of $9.07 million for its fiscal third quarter ended March 31, a turnaround from the year-ago comparative period when it registered a net loss of $16.5 million because of an allowance453 words
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Page 5 Advertisements
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Advertisement203 2010-05-05 5 International Awards What Car? Best Safety Innovation 2010 auto motor und sport Best Car of 2010 Every generation of E-Class introduced path-breaking innovations to the world and quickly established itself as the leader in executive saloons. The new E-Class advances the lineage by once again presenting a series of world203 words
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Page 6 Advertisements
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Advertisement353 2010-05-05 6 m HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCEL PUNGGOL E4 AND YISHUN S4c On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of land parcels at Punggol Field/Punggol Road and Yishun Avenue 2/Yishun Avenue 7/Canberra Drive353 words
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Advertisement273 2010-05-05 7 No news news Annual yields on life policies are generally never made public by insurers. And not hearing any news about your policies surely can't be favourable. For the past 3 years, NTUC Income has resolutely published our yields for one reason to be transparent. With over 2 million customers273 words
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SINGAPORE MARKETS
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Article, Illustration866 2010-05-05 8 CHEW XIANG - The yield curve looks better than before, but the euro slide continues CURRENCIES CHEW XIANG Reporter ‘BUTwhateverhisweight in pounds, shillings, and ounces, he always seems bigger because of his bounces,” says Winnie the Pooh of his great friend, Tigger. The same, unfortunately, can’t866 words
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Article186 2010-05-05 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 4 0 0 0 1 12 4 Manufacturing 29 108 65 6 9 15 35 117 80 Commerce 7 31 22 1 8 7 8 39 29 Tpt/Stor/Comms 2 27 13186 words
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BROKERS’ TAKE
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Article, Illustration699 2010-05-05 8 CONRAD TAN - DMG Partners Securities, May 4 Compiled by CONRAD TAN WE VISITED showflats for two small- to medium-sized launches last weekend. Underpinned by low absolute price quantum, projects with compact-sized units continue to draw strong buying interest, as evidenced by the swift take-up of Parc Somme (91 per cent)699 words
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Article120 2010-05-05 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,109 28,109 82,873 82,873 Manufacturing 458,364 84,014 542,378 278,789 4,113 282,902 Commerce 121,202 18,223 139,425 131,565 3,941 135,506 Tpt/Stor/Comms 172,623 6,178 178,801 248,322 659 248,981 Finance 32,477 5 32,482 284,806 284,806 Construction 144,253 12,868 157,121120 words
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Article, Illustration543 2010-05-05 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent ALTHOUGH Wall Street rallied on Monday, it made little difference here yesterday, with sentiment possibly more affected by events in Europe than the US. Adding to late afternoon selling was news of a fresh Ice- landic volcanic eruption that543 words
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Article112 2010-05-05 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.100 -0.060 CapitaLand 3.660 -0.030 CapitaMall 1.930 -0.020 CityDev 10.340 -0.260 ComfortDelGro 1.480 -0.050 DBS Grp 14.860 -0.240 F&N 4.660 -0.190 Genting SP 0.925 -0.015 Golden Agri 0.580 -0.010 HK Land 5.250 -0.080 JMH 37.300 +0.100 JSH112 words
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Article64 2010-05-05 8 May 4 VALUE CLOSE BT OB/OS -750.00-455.00 BT CADI -*****.00-275.00 BT 10-day MA -*****.00 -75.00 FTSE ST Mid Cap 707.63 -9.64 FTSE ST Small Cap 568.98 -8.68 FTSE ST All Share 718.55 -10.54 FTSE ST China Top 291.25 -6.10 FTSE ST China 310.49 -5.76 FTSE ST Catalist64 words
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Article55 2010-05-05 8 VOLUME UniFiber 109,522,000 Genting SP 71,588,000 AsiaSilk 61,866,000 Golden Agri 51,354,000 GMG Global 48,967,000 ChinaTaisan 40,925,000 Yangzijiang 37,975,000 UPP 30,520,000 Ying Li 29,873,000 Abterra 27,426,000 VALUE($) DBS Grp 112,384,600 CapitaLand 78,868,400 UOB 76,319,840 Noble Grp 72,196,650 Genting SP 66,928,125 SingTel 62,391,560 OCBC Bk 54,687,190 Yangzijiang 49,558,980 Keppel55 words
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Article113 2010-05-05 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 53.5 0.3 JSH 2150 46.7 1.6 Asia Pac Brew 1468 38.0 2.7 UOB 5.05%NCPS 100 ***** 30.0 0.3 DBXT FTVietnam 10US$ 4728 28.8 0.4 Lyxor LatinAmerica 1 847 15.1 1.3 JMH 3730 13.7 0.3 AustlandPG A$ 288 10.1 2.9 OCBC Bk113 words
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Article122 2010-05-05 8 BY CENTS CLOSE DOWN DBXT DJE50 10US$ 3886-481.8 -8.3 DBXT S&P Short 10US$ 4950 -71.4 -1.0 UOB 1982 -42.0 -2.1 CityDev 1034 -26.0 -2.5 CityDev.ES.1005 1028 -26.0 -2.5 SIA.ES.1005 1498 -26.0 -1.7 Lyxor India Nifty 10 1613 -25.0 -1.5 DBS Grp 1486 -24.0 -1.6 Jardine C&C 2996 -22.0 -0.7122 words
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Article87 2010-05-05 8 Where S$ stands May 4 CHNG YR 2010 CLOSE FR May 3 S$ LOW S$ HIGH US$ 1.3759 -0.19 1.4219 1.3680 Euro 1.8061 0.64 2.0153 1.8061@ Pounds 2.0890 0.11 2.2831 2.0845 A$ 1.2634 0.69 1.2960 1.2276 Yen* 1.4534 0.45 1.5927 1.4467 Rupiah* 0.***** -0.19 0.***** 0.***** Baht* 4.2611 -0.5087 words
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Page 9 Advertisements
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Advertisement230 2010-05-05 9 A TRADER'S BEST CALL AV They say that V\ r Sterling is doomed with cable set to fall below What's your position? IM«I I +65 6303 7788 When you need to seize market opportunities in GBP crosses, ne l09 in for multiple assets and platforms use SaxoWebTrader. Along with over230 words
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SINGAPORE NEWS
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565 2010-05-05 10 RONNIE LIM - Its latest petrochem complex is entering the market at a good time, says CEO By RONNIE LIM SHELL’S just-started US$3 billion Singapore petrochemicals complex is entering the market at an opportune time when global economies are recovering, its CEO Peter Voser reiterated yesterday, although he565 words
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Article, Illustration923 2010-05-05 10 GLENN CHEE - For metal stamping contractor and parts maker GHP, the hard-earned expertise of its two founders is making all the difference, reports GLENN CHEE GLENN CHEE IF THE founders of Global Harvest Precision (GHP) had their way, the word “no” would be removed from the dictionary. TheARTHUR LEE - 923 words
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Article, Illustration665 2010-05-05 11 CHUANG PECK MING - Poll also shows little change in the level of morale among employees By CHUANG PECK MING EMPLOYERS don’t seem overly worried that their staff will be poached by others in the current quarter, when they anticipate hiring to grow solidly. Workers themselves look indifferent,Source: The Hudson Report, Singapore – Q2 2010 - 665 words
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Article, Illustration492 2010-05-05 11 OLIVIA HO - By OLIVIA HO WHEN the Enterprise 50 Awards (E50) opened nominations last May in the wake of the economic downturn, the theme was “Resilience”. A year on, the tide has clearly turned with E50’s new theme for 2010, “Poised For Growth”.ARTHUR LEE - 492 words
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386 2010-05-05 11 TEH SHI NING - By TEH SHI NING FACTORY output has expanded for a 12th straight month, the latest Purchasing Managers’ Index (PMI) shows. April’s 51.9 reading was 0.8 of a point up from March, due to more new domestic and export orders and higher production, the Singapore386 words
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269 2010-05-05 11 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY IN a major boost to Singapore’s cloud computing ambitions, IBM yesterday announced the opening of its cloud computing laboratory in the Republic. The announcement was made during the opening ceremony of the Infocomm Development Authority of Singapore’s (IDA) flagship event269 words
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Page 10 Advertisements
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Advertisement587 2010-05-05 10 This is the eighth of a series of features on the 15 finalists of the Emerging Enterprise 2010 Awards. Jointly presented by The Business Times and OCBC Bank, the EE 2010 recognises young SMEs with annual sales of less than $10 million. It is supported by RSM Chio Lim, Spring587 words
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Page 11 Advertisements
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Advertisement230 2010-05-05 11 FSM //CELEBRATING X (/a/A ANNIVERSARY J Fundsupermart.com Turns 10! 0.75% sales charge for all funds* extended till 14 May 2010! Visit www.fundsupermart.com.sg to start investing globally and profitably now! *The sales charge of funds which are sold at less than 0.75% remains unchanged during the promotional period. Examples include money230 words
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CUSTOMER SATISFACTION INDEX OF SINGAPORE
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Article, Illustration518 2010-05-05 12 UMA SHANKARI - Survey finding suggests firms should have an effective complaint management system, reports UMA SHANKARI UMA SHANKARI COMPANIES that handle complaints from customers well can secure their loyalty, first-quarter findings for the Customer Satisfaction Index of Singapore (CSISG) 2010 show. Findings for two sectors, retail518 words
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Article, Illustration864 2010-05-05 12 JASLENE PANG - By JASLENE PANG THE furore over the world cup saga may have contributed to the dive in the customer satisfaction score for the fourth consecutive year to an all time low of 64.4 this year. While it may be just a mere coincidence,864 words
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Article, Illustration295 2010-05-05 12 THE Customer Satisfaction Index of Singapore (CSISG) is the national barometer of customer satisfaction in the Singapore economy. It is a comprehensive study of service excellence nationwide. The methodological foundations of the CSISG are based on the American Customer Satisfaction Index (ACSI)295 words
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Article965 2010-05-05 13 TEH SHI NING - But poll shows a discrepancy between rise in customer satisfaction among locals and tourists, reports TEH SHI NING TEH SHI NING TOURISTS led the way to notch up higher levels of customer satisfaction in Singapore’s retail sector this year. Close to 1,400 tourists surveyed early this965 words
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Article, Illustration621 2010-05-05 13 UMA SHANKARI - By UMA SHANKARI SHOPPERS in Singapore are feeling upbeat and none are more pleased than customers at DFS and CK Tang department stores. The latest Customer Satisfaction Index of Singapore (CSISG) shows customer satisfaction in the retail sector climbed in 2010. Department stores621 words
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Page 13 Advertisements
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Advertisement279 2010-05-05 13 A HOLISTIC APPROACH TO CUSTOMER SATISFACTION LY SMU SINGAPORE MANAGEMENT UNIVERSITY 10™ ANNIVERSARY 2000-2010 MANAGEMENT LEVERAGING ON THE CUSTOMER SATISFACTION INDEX OF SINGAPORE TO ENHANCE COMPETITIVENESS Jointly developed by the Institute of Service Excellence at Singapore Management University (ISES) and the Singapore Workforce Development Agency (WDA), the Customer Satisfaction Index279 words
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ECONOMY WATCH
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Article, Illustration557 2010-05-05 14 It cites rising house prices, inflation and booming commodities trade AFP [SYDNEY] Australia’s central bank lifted its main interest rate to 4.50 per cent yesterday, citing inflation concerns, rising house prices and booming commodities trade linked to Chinese demand. Reserve BankAFP - 557 words
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205 2010-05-05 14 AFP [FRANKFURT] German retail sales posted a surprise drop in March, bringing the first quarter figure back to its level of early 2009, official data showed yesterday. Retail sales in the biggest European economy plunged by 2.4 per cent from the previous month, theAFP - 205 words
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Article, Illustration296 2010-05-05 14 [WASHINGTON] Former Federal Reserve chairman Paul Volcker says the US economy faces a “long slog” as the nation struggles to reduce the jobless rate from close to a 26-year high. “I am afraid the level of unemployment will be too high for too long,”296 words
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Article, Illustration522 2010-05-05 14 Proposal will signal govt commitment to rein in deficit Bloomberg Reuters [TOKYO] Standard Poor’s indicated that a fiscal plan scheduled for next month by Prime Minister Yukio Hatoyama’s government may be key to whether it will cut the nation’s sovereign credit rating.Bloomberg; Reuters - 522 words
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331 2010-05-05 14 Reuters [WASHINGTON] Most banks kept lending standards unchanged while loan demand weakened more gradually in the first quarter than previously, a US Federal Reserve survey said on Monday, suggesting some glimmer of hope for borrowing and lending. The Fed’s quarterly Senior Loan OfficerReuters - 331 words
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809 2010-05-05 14 They may also fuel discussion on Fed’s role in housing crisis NYT [WASHINGTON] In 2004, the US Federal Reserve began a slow and steady march towards higher interest rates, a quarter-point at a time. Many economists have questioned whether the Fed’s deliberate approachNYT - 809 words
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MALAYSIA/INDONESIA
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564 2010-05-05 15 PAULINE NG - Pilot project of 44.5km will link Johor Baru to three towns By PAULINE NG MALAYSIA has announced the bus rapid transit system (BRT) would be implemented as the public transportation model in its special economic zone in Johor, with plans for 320564 words
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350 2010-05-05 15 Reuters [JAKARTA] Indonesia’s Finance Ministry sold 5.4 trillion rupiah (S$815 million) of debt yesterday, above its 5 trillion rupiah target, helped by expectations of continued benign inflation and low interest rates. Analysts expect Indonesia’s central bank to hold its benchmark rate BIPGReuters - 350 words
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Article, Illustration523 2010-05-05 15 MALMINDERJIT SINGH - By MALMINDERJIT SINGH [SINGAPORE] Investors from Singapore can focus on the leisure and tourism, healthcare and education sectors as they look to expand into the Iskandar Investment project, says Arlida Ariff, president and CEO of Iskandar Investment. She said these were the key523 words
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302 2010-05-05 15 Bloomberg [KUALA LUMPUR] Malaysia’s export growth doubled in March as the global rebound lifted demand for the country’s electronics and commodities, boosting expansion in the economy. Overseas shipments rose 36.4 per cent from a year earlier to RM59.4 billion (S$25.3 billion) after gainingBloomberg - 302 words
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Page 15 Advertisements
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Advertisement373 2010-05-05 15 School of Management University at Buffalo The State University of New York CELEBRATING 15 successful years of MBA education in Singapore Knowledge in Practice Open Lecture Can Consumers Rationally Choose Financial Products? If Not, What's Next? The recent financial meltdown has left us with questions. Can consumers make rational choices373 words
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Page 15 Miscellaneous
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Miscellaneous27 2010-05-05 15 V 31 JACKPOT 1,500,000 TOMORROW Ip Y(i) Always play with care. |responsibiyj Do not bet illegally. RCB Reg No: *****0202G Toward5 Community Purpose and Benefit SINGAPORE m27 words
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GREATER CHINA/INDIA
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Article, Illustration465 2010-05-05 16 Measures are to ensure transparency and fair play: land authority Bloomberg [HONG KONG] Hong Kong’s Urban Renewal Authority announced new rules to increase transparency in the city’s property industry, two weeks after the government said it may raise sales taxes on some homesBloomberg; AFP - 465 words
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259 2010-05-05 16 Xinhua [OMAHA, United States] US billionaire Warren Buffett and his longtime business partner Charlie Munger on Sunday praised China’s system and its leadership, saying that thanks to these advantages, the Chinese people are unleashing their tremendous potential. China has well over a billion peopleXinhua - 259 words
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320 2010-05-05 16 AFP [NEW DELHI] Chinese telecommunications maker Huawei Technologies is planning to meet senior Indian officials to persuade them that its equipment poses no security threat, a report said yesterday. The move comes after New Delhi said last week it blocked sales between IndianAFP - 320 words
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493 2010-05-05 16 Plans to tap US$60b could backfire if investors grow wary Reuters [BEIJING] The ongoing round of fund-raising by China’s top banks is turning into a dash for cash, with industry heavyweights muscling to be first in line amid worries that marketsReuters - 493 words
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Page 16 Advertisements
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Advertisement80 2010-05-05 16 ENTERPRISE Celebrating Singapore's Enterprising s P' rit 2Q1 Q Reach For Submit Your Entry For The E50 Awards Now If you are a home-grown, privately-owned business with three years of audited statements, and have achieved strong business performance, submit your entry for the 2010 Enterprise 50 Awards now. I ENTERPRISE80 words
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ASIA-PACIFIC/WORLD
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Article, Illustration737 2010-05-05 17 Smooth passage hinges on still unsettled key procedural question Reuters [WASHINGTON] The US Senate was expected to cast its first votes yesterday on a sweeping Wall Street reform bill, with passage of a handful of uncontroversial amendments expected and a key procedural questionReuters; AP - 737 words
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365 2010-05-05 17 Slide comes after it delays plans for carbon trading AFP [SYDNEY] Australian Prime Minister Kevin Rudd’s government has taken a beating in an opinion poll after ditching its climate change plan, with the opposition taking the lead for the first time in years.AFP - 365 words
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276 2010-05-05 17 AFP [DUBAI] Most Dubai World creditors have agreed to the terms for restructuring the troubled conglomerate’s debts, a state-owned daily said yesterday. “Most of the banks have agreed on the offer after studying the size of the obligations remaining on theAFP - 276 words
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643 2010-05-05 18 Both sides aim to be in power in Sept, for budget and forces reshuffle: analysts Reuters Bloomberg [BANGKOK] Protesters in Thailand yesterday broadly backed a government reconciliation plan but objected to proposed November elections, casting in doubt a peace overture to end aReuters; Bloomberg - 643 words
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Article, Illustration417 2010-05-05 18 Civil servants launch walkout ahead of general strike AFP [ATHENS] Demonstrators stormed the Athens Acropolis yesterday and thousands of civil servants launched a walkout ahead of a general strike against unprecedented austerity spending cuts. With the government demanding painful “sacrifices” after the country securedAFP - 417 words
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620 2010-05-05 18 AFP [VENICE, Louisiana] Winds pushed a giant slick towards fragile wetlands on the US coast yesterday as efforts intensified to bottle up a ruptured oil well causing the growing environmental disaster. Beleaguered energy giant BP said it had prepared theAFP - 620 words
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Article, Illustration512 2010-05-05 18 ANTHONY ROWLEY - By in ANTHONY ROWLEY ASIAN Development Bank president Haruhiko Kuroda yesterday endorsed China’s call this week for more effective mechanisms to channel part of Asia’s vast foreign exchange reserves and private savings into regional infrastructure investments. Asia has “accumulated a very large amount of reservesAFP - 512 words
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482 2010-05-05 18 LATEST US DATA Bloomberg [NEW YORK] Orders placed with US factories unexpectedly rose in March, propelled by demand for capital equipment and petroleum that signals the US expansion gained speed at the end of the first quarter. The 1.3 per cent increase inBloomberg - 482 words
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Advertisement168 2010-05-05 17 OP LLADRP 4 www.lladro.com Behold The Art of Lladro Bear witness to the artistic spectacle of a lifetime. See inspiration transformed into astounding showpieces by talented Spanish sculptor Mr Javier Molina. Indeed there's no better time to own these unique Lladro creations as well as see them come alive with168 words
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Advertisement30 2010-05-05 18 -s- €> tk Lianhe Zaobao Residential property land bidding heats up again Analysts: Govt have to release more land for sale »«fW: DSttStetti To subscribe, call 6388-3838 or go to sphsubscription.com.sg30 words
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Advertisement24 2010-05-05 18 sua Magnificent Ocean View: Lease or Sale Brand New 3 bedrooms suite JERRY LUM £2± Marketing Director, MBA, CES HP+65 8288 0098 http://jerrylum.myweb.sg/ fe.fr,A24 words
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WORLD
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587 2010-05-05 19 Combined organisation will become Asia-Pac’s leading gold producer and world’s fourth biggest gold firm AFP Reuters [SYDNEY] Australian gold miner Lihir yesterday gave its backing to a A$9.5 billion (S$11.9 billion) takeover by rival Newcrest, which the firms said would create the world’sAFP; Reuters - 587 words
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Page 19 Advertisements
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Advertisement601 2010-05-05 19 WINE DINE AND HOSPITALITY PREGO Sunday Champagne Brunch (9 May) Adult 1 68 to 98 1 Child 2 34 1: Free-flow of Mo 'et Chandon, House Red White Wine Soft Drink 2: Free-flow of Soft-Drink, Fruit Juice &Smoothies CHEF DOMENICO'S MAMMA MIA CHALLENGE (9 May) Prego's Chef Domenico Piras will601 words
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Transport HUB
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Article, Illustration579 2010-05-05 20 Shipowners charge higher prices to risk transporting cargoes to areas near slick Reuters [NEW YORK] The rate to charter oil and product tankers in the Caribbean and US Gulf Coast (USGC) region has surged by 50 per cent or more over the last weekReuters; BLOOMBERG FILE PHOTO - 579 words
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Article944 2010-05-05 20 DAVID HUGHES - The classification society’s head gave an intriguing overview of the shipping and shipbuilding markets last week STRAIT TALK By DAVID HUGHES MUCH of the shipping world was in Singapore last week, but not quite all of it. Classification society Germanischer Lloyd (GL) or at least its944 words
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339 2010-05-05 20 Bloomberg [NEW YORK] Supertanker shipping rates may surge if the oil price spread between contracts widens further, encouraging traders to use the tankers to store crude, Morgan Stanley said. A US$1 a barrel increase in the premium the third-month contract holds over theBloomberg - 339 words
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Article281 2010-05-05 20 Reuters [HONG KONG] Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley and JPMorgan to finalise plans for its long-awaited initial public share offering in Hong Kong, aiming to raise up to US$1.5 billion in the fourth quarter, sources told Reuters yesterday. This is Rongsheng’sReuters - 281 words
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Article, Illustration469 2010-05-05 20 AFP [SOUTHWEST PASS, Louisiana] Captain Jacques Michell, who has been guiding ships through the evershifting mouth of the Mississippi River for 36 years, is determined not to let a massive oil spill shut down traffic in one of the world’s busiest shippingAFP - 469 words
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Article278 2010-05-05 20 SGX '000 May 4 S$ +/-Vol CH Offshore 0.66 unch 1489 Chuan Hup Hldg 0.30 0.01 322 Cosco Corp 1.65 -0.07 ***** CWT Ltd 0.94 -0.01 848 Ezra Hldgs 2.02 unch 9996 First Ship Lea 0.55 -0.06 ***** Freight Links 0.06 0.01 ***** Grand Banks 0.45 unch 7278 words
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TRANSPORT HUB: AVIATION
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Article, Illustration658 2010-05-05 21 Justice Dept likely to take hard look at competitive issues on some flights LAT-WP [NEW YORK] A US$3 billion merger agreement between Continental Airlines and United Airlines (UAL) that would create the world’s largest airline is expected to draw close scrutiny fromLAT-WP; AFP - 658 words
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Article, Illustration470 2010-05-05 21 Reuters [NEW YORK] Fifteen years ago, before he was tapped to become the chief executive of the world’s largest airline, Jeffery Smisek was a Houston lawyer with standing orders with his secretary to avoid Continental Airlines. He considered the airline “lousy”, wrote formerReuters - 470 words
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Article2845 2010-05-05 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 23452,845 words
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388 2010-05-05 21 Firm hopes to offer it after getting prior provider’s assets NYT [NEW YORK] The idea of a monthly subscription service that allows people to jump to the head of airport security lines by submitting to a fingerprint or iris scan may beNYT - 388 words
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263 2010-05-05 21 AFP Bloomberg [FRANKFURT] European aircraft maker Airbus must wait until late 2011 or 2012 before getting significant orders for its giant A380 airliner, the head of its parent company EADS said yesterday in a German daily. “Airlines must get through the crisisAFP; Bloomberg - 263 words
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TRANSPORT HUB: LAND
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Article, Illustration727 2010-05-05 22 More incentives by carmakers seen as sales fall short of analyst expectations NYT [DETROIT] Toyota and other carmakers are expected to offer more discounts at dealerships after April new-vehicle sales fell short of analysts’ expectations. Car industry sales in the United States lastNYT; AP - 727 words
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503 2010-05-05 22 SAMUEL EE - By SAMUEL EE THE Toyota Corolla Altis CNG model could soon be plying our roads as a cab just like the ubiquitous Taxi Meters in Bangkok. If that happens, this bi-fuel version of the popular compact sedan will create a new segment of503 words
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407 2010-05-05 22 Bloomberg [NEW YORK] Luxury car sales continue to grow last month in the United States, a sign that Americans are returning to the high-end market. Toyota Motor said sales of its luxury Lexus brand rose 29 per cent in April,Bloomberg - 407 words
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185 2010-05-05 22 NYT [NEW YORK] The US National Highway Traffic Safety Administration has begun investigating complaints from owners of 2007 Dodge Calibers about sticking gas pedals made by the CTS Corp of Elkhart, Indiana. That is the same company that produced the pedalsNYT - 185 words
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Article, Illustration492 2010-05-05 22 SAMUEL EE - Malayan Motors makes space in Leng Kee to house two British marques together By SAMUEL EE MALAYAN Motors has spent more than $3 million to convert part of its Leng Kee Road property for joint representation of the Jaguar and Land Rover brands. The492 words
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Page 21 Miscellaneous
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Miscellaneous310 2010-05-05 21 CRYPTIC CROSSWORD Across 1 Die of cold (3,4) 9 Pa ceased to be prepared for adventure (8) 10 Rightly reasoning that a piece of wood has little dietary value (7) 11 Sidney cares about motorcycle attachments (8) 12 Covering Southern shrub land (6) 13 Span a superior crossing (10) 15310 words
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Page 22 Advertisements
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Advertisement3 2010-05-05 22 HRSHI® EL>I,S www.radio9l3.com3 words
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Advertisement13 2010-05-05 22 http://www.omy.sg A,. ft N CD L •t PZ eb Hb 3* r http://eat.omy.sg/13 words
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SINGAPORE STOCKS
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Article8984 2010-05-05 23 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5 3148 8Telecom 16.5cd -1 1510 17 16.5 16.5 17 1.7 11 5.3 79 10 5.5 5834 A-Sonic 7 -0.5 50 78,984 words
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Article1900 2010-05-05 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 6 8 38.9 6.7 25 12 8538 t APStrategic 20.5 +1 4 20.5 20.5 18.51,900 words
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Article9281 2010-05-05 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.26/ APS Alpha Fund (USD)!** 0.92/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6572/ Asian Credit Fund 1.2504/ Asian9,281 words
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Article638 2010-05-05 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 $mil 112 107 6389 ABF SG Bond ETF 109.6 109.7 111 500.3 883 547 CIMBAsean40 100US$ US861 864 869 34.4 306 205 DBS STI ETF638 words
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Article78 2010-05-05 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 $mil 56 26 6000 AVJennings A47 +0.5 10 47 47 43 45 3.6 7.4 3.8 122.4 31 11.5 6017 Genting HK US$ US20 -0.5 54778 words
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Page 23 Advertisements
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Advertisement59 2010-05-05 23 „CK GENEVE CONQ LIS TA OOH MEMS CHRONOGRAPH LIMITED EE/T/ON FRANCK MULLER BOUTIQUE ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES TAKASHIMAYA SC NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 WATCHES OF SWITZERLAND PARAGON (65)59 words
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FINANCE & COMMODITIES
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365 2010-05-05 25 In local curr In S$ In US$ dy yr dy yr dy yr May 3 Index Change Change Change Change Change Change World Index Preliminary 870.2 0.3 4.5 0.1 0.3 0.0 2.5 EAFE Preliminary 800.4 0.0 2.0 -0.5 -4.7 -0.7 -2.6 Europe Preliminary 1133.2 0.1365 words
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Article180 2010-05-05 25 May 4 $S Offer Bid Overnight 0.05 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.31 0.26 1 month 0.38 0.28 2 months 0.40 0.30 3 months 0.43 0.33 6 months 0.55 0.45 9 months 0.95 0.75 12180 words
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Article22 2010-05-05 25 May 4 S$ Bid Offer 1-month 1.3728 1.3736 2-months 1.3728 1.3736 3-months 1.3728 1.3736 6-months 1.3727 1.3736 Source: OCBC22 words
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Article133 2010-05-05 25 May 4 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2580 1.2950 Can dollar 1.3470 1.3630 Euro 1.7980 1.8200 NZ dollar 0.9920 1.0140 Sterling pound 2.0780 2.1020 US dollar 1.3630 1.3780 Local dollars to 100 units of133 words
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Article27 2010-05-05 25 May 4 Open High Sett STI May 2888 SIMSCI May 346.9 349.4 340.3 Taiwan May 283.3 284.7 281.6 Source: MF Global (S) Pte. Ltd27 words
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Article77 2010-05-05 25 May 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2568 2550 2568 2548 124 2319 Jun 10 2557 2524 2558 2524 1089 9130 Jul 10 2544 2515 2548 2515 6330 ***** Aug 10 2539 250777 words
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Article340 2010-05-05 25 May 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5300 0 2948 Sep10 99.3800 0 1967 Dec10 99.1600 0 2484 Mar11 98.8750 0 3516 EUROYEN TIBOR FUTURES Jun10 99.6150 99.6150 99.6150 99.6150 32 5064 Sep10 99.6350 0 3042 Dec10 99.6400 0 1418 Mar11 99.6300 0340 words
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Article130 2010-05-05 25 May 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 363.0 Jul 10 330.0 330.0 330.0 27 Aug 10 320.0 318.0 320.0 40 Sep 10 308.0 308.0 308.0 4 Oct 10 307.5 Nov 10 307.5 Dec 10130 words
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Article86 2010-05-05 25 May 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 05.08.2010 0.30 0.28 0.25 1-Year BY*****W 03.05.2011 0.40 0.39 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 104.15 104.19 104.19 5-Year N*****0N 1.37586 words
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Article105 2010-05-05 25 May 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 975.75 989.50 992.00 973.25 Jul 10 986.50 999.00 1002.75 984.00 Aug 10 985.50 997.50 1001.00 983.25 Sep 10 972.50 983.75 987.00 971.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.65 38.58 38.72105 words
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Article77 2010-05-05 25 CRUDE OIL PRODUCTS May 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 88.95 1.87 WTI (Near Mth) 86.13 0.02 Dubai (1-Mth F) 86.57 0.51 Tapis blend 92.60 0.05 Minas 91.98 0.28 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.05 1.05 Jet Kerosene 97.60 0.45 US$/barrel Opec Oil77 words
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2243 2010-05-05 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 15 -7 5.13 48 4085ASJ Hldgs W*****1 4.5 unch 320 1 4 6 1.78 21 2036Advance SCT Ltd W*****9 0.5 1 87 2400 7.002,243 words
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Article466 2010-05-05 25 May 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.932 6.287 0.699 7.150 41.060 83.102 0.873 10.273 2.957 1.263 77.470 41.104 1.265 6.849 1.002 28.926 29.727 0.606 0.921 Canada 1.073 6.745466 words
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Article82 2010-05-05 25 May 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths82 words
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Article154 2010-05-05 25 May 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2640 1.2654 0.9208 0.9213 Canadian dollar 1.3562 1.3573 0.9879 0.9882 Euro 1.8081 1.8096 1.3172 1.3175 NZ dollar 1.0004 1.0017 0.7288 0.7293 Sterling pound 2.0868 2.0888 1.5202 1.5208154 words
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Article139 2010-05-05 25 May 4 GOLD (US$/oz) May 04 May 03 Hong Kong 1179.50 1178.70 Apr 29 Apr 30 London 1164.55 1179.35 1165.55 1180.35 Source: Thomson Reuters CAST BAR May 04 (S$) Selling Buying Kilobar 55,654.98 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125.19 52 5gm 354.17 260 10gm 632.37139 words
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Article71 2010-05-05 25 Apr 30 Apr 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2225.00 2168.50 3 months 2255.00 2200.00 Copper, Grade A (US$/tonne) Cash 7396.50 7319.25 3 months 7430.00 7355.00 Lead (US$/tonne) Cash 2202.75 2204.00 3 months 2230.00 unch Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article77 2010-05-05 25 Apr 30 COCOA (£/tonne) Close Prev High/Low May 10 2370 2364 2370/2355 Jul 10 2403 2396 2404/2388 Sep 10 2353 2354 2360/2340 Dec 10 2304 unch 2312/2299 COFFEE (US$/tonne) Close Pev High/Low May 10 1292 1282 1295/1275 Jul 10 1335 1322 1339/1316 Sep 10 1370 1356 1373/1351 SUGAR (US77 words
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EDITORIAL & OPINION
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501 2010-05-05 26 EDITORIAL ANYONE who thought that the 110 billion euro (S$199 billion) bailout package for Greece announced on Sunday would succeed in stabilising European bond markets would have been disappointed by its initial reception. Although yields on Greek two-year government bonds have fallen from their near-16501 words
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Article, Illustration1255 2010-05-05 26 JOERGEN OERSTROEM MOELLER - Businesses cannot choose to live their life outside society, which is what they serve By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow at the Institute of Southeast Asian Studies, Singapore and an adjunct professor at the Singapore Management UniversityREUTERS - 1,255 words
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Article, Illustration777 2010-05-05 26 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator TAIWAN’S leader Ma Ying-jeou did something unusual last week. With the next presidential election almost two years away, he held a televised debate with the leader of the777 words
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Article, Illustration1320 2010-05-05 27 LEON HADAR - While there’s broad support for new law, other states are unlikely to follow Arizona before November’s midterm polls LEON HADAR Washington Correspondent IT IS starting to sound like a cliché. But it is also true. A politically polarising debate dominates the United States and, byAFP - 1,320 words
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Article, Illustration861 2010-05-05 27 DAVID BROOKS - By DAVID BROOKS ROUGHLY a century ago, many Swedes immigrated to America. They’ve done very well here. Only about 6.7 per cent of Swedish-Americans live in poverty. Also a century ago, many Swedes decided to remain in Sweden. They’ve done well there, too.AP - 861 words
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5910 2010-05-05 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.5,910 words
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Page 28 Advertisements
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Advertisement29 2010-05-05 28 Shipping lines seeking reliable logistics partners "TO ADVERTISE, CALI IOE WONG AT 9620 1 an they n cfl your ervices ere in the hipping THE BUSINESS TIMES SHIPPING TIIVIES29 words
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Page 29 Advertisements
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Advertisement22 2010-05-05 29 FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132722 words
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Page 30 Advertisements
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Advertisement131 2010-05-05 30 OCBC Securities 1 m ,:5 i To start trading in foreign markets with and contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. Get a FREE 1 GB thumbdrive! Every 8 th person who sends an SMS* GTBT <space> Name <space> NRIC (e.g. GTBT131 words
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Advertisement157 2010-05-05 30 How to run a business without running out of ideas. May/June issue out now! •We explore how the World Expo in Shanghai provides opportunities for participants to showcase the best of their country and better its national image. Success Secrets Exposed A review of Niche Dominators. •Take the acquisition route157 words
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executive Money
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Article, Illustration1315 2010-05-05 30 Investors speculate most against financial firms, retailers and restaurant operators, a strategy that backfired as the economy recovered and shares more than tripled Bloomberg [NEW YORK] THE biggest US equity rally in seven decades is wiping out profits for stock-market bears who haveBloomberg; BLOOMBERG PHOTOS - 1,315 words
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Article, Illustration955 2010-05-05 31 JOSEPH CHONG - There is a carrying cost but that’s the price to pay if the goal of policy makers is to have stable prices MONEY MATTERS JOSEPH CHONG IMAGINE the following announcement: “Due to an administrative oversight, HDB has discovered 10,000 unsold completed apartments. The Housing BoardFILE PHOTO - 955 words
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870 2010-05-05 31 It has drawn fresh capital from longterm institutional investors [HONG KONG] Northwest Investment Management Ltd has doubled its assets since the Hong Kong-based hedge-fund manager was sold last year by RAB Capital plc, which lost money in 2008 on a Northern Rock870 words
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1263 2010-05-05 32 But yields on speculative-grade debt rose last week relative to government bonds Bloomberg [NEW YORK] COMPANIES sold US$33.7 billion of junk bonds in April, a record for the month, with borrowers rushing to issue before investors pull back from the riskiest securities. Moody’s InvestorsBloomberg - 1,263 words
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Article, Illustration848 2010-05-05 32 MATTHEW LYNN - Seven trades to ponder, just in case the euro might not be around in 2020 COMMENTARY By MATTHEW LYNN Bloomberg [LONDON] When the euro celebrated its 10th anniversary last year, it seemed to be a solid currency. Only a few eccentrics speculatedBloomberg; AFP - 848 words
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Page 31 Advertisements
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Advertisement52 2010-05-05 31 SHANGHAI EXPO HOLIDAY PACKAGE 7D Shanghai Expo Charming Jiangnan fr $698 (2 to go) -i Shanghai Suzhou Hangzhou Nanjing Wuxi Include Shanghai Expo Entrance Ticket GLOBAL HOLIDAYS (TA*****) *****110 682Q221 -I HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or52 words
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Advertisement132 2010-05-05 31 TUVALU OFFSHORE COMPANIES MY WORLDWIDE BUSINESS Tuvalu now has a corporate arm that offers an attractive option for businesses requiring an OFFSHORE company Key advantages include: May be owned by persons and parties from all nationalities No tax liability in Tuvalu No filing of financial statements Competitive incorporation renewal fees132 words
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Advertisement146 2010-05-05 31 JURONG WAREHOUSE Up to 255,000 sq ft covered Up to 100,000 sq ft open space Automated Storage Retrieve System (ASRS) available Full rackings option Min. 7 metres floor to ceiling height Ample loading/ unloading area Logistics services available Short long term lease available LHN Call iS P 6578 9966 XBRL146 words
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Advertisement363 2010-05-05 32 db x-trackers Deutsche Bank ETFs Hi r V-j 4 Rate as of 21 April 2010 published by the RBA and subject to change. 1 st Australian money market ETF linked to the RBA rate currently at 4.25% Transparent: Listed on SGX in Australian Dollar (AUD), linked to the interbank overnight363 words
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Advertisement9 2010-05-05 32 MONEY MATTERS The necessary evil of inventory PAGE 319 words
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