The Business Times, 8 May 2010
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2010-05-08
1
20
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section17 2010-05-08 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 8-9, 2010 S$1.00 MICA(P) 124/08/2009 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION17 words
-
963 2010-05-08 1 Winston Chai - But viewers have to pay over 4 times more By Winston Chai winstonc@sph.com.sg Singapore SPECULATIONoverthefateofthe2010WorldCupbroad-cast can now be laid to rest. The telcos have finally scoredalast-minutegoalwithFifabuttheflipsideiscon-sumers will have to pay more than four times more to get in on the action. The event’s broadcast963 words
-
480 2010-05-08 1 All hell broke loose on Wall Street for several minutes on Thursday NYT AFP New York A BAD day in the stock market turned into one of the most terrifying moments in Wall Street history on Thursday with a brief 1,000-pointNYT; AFP - 480 words
-
Page 1 Advertisements
-
Advertisement157 2010-05-08 1 the the WEALTH Experts talk about Wall St plunge 30-31 FASHION Coming: Exhibitions by three luxury brands L5-6 the raffles conversation FRANCIS YEOH, GROUP MD, YTL CORP 8-9 greece and more Crisis won’t spread, say leaders EUROPEAN leaders yesterday sought to convince fearful markets the Greek debt crisis won’t spread157 words
-
Advertisement8 2010-05-08 1 ??The dark side of high-speed trading, Page 198 words
-
-
TOP STORIES
-
Article, Illustration408 2010-05-08 2 Parliaments approve Greek aid even as euro continues plunge AP Brussels EUROPEAN leaders yesterday sought to convince fearful markets that the Greek debt crisis won’t spread to other countries and derail the continent’s wobbly shared currency and hesitant economic recovery. France, Italy and PortugalAP; AFP - 408 words
-
Article137 2010-05-08 2 STI 2,821.11 (-18.54) STI FUTURES 2,815.00 (-13.00) SIMSCI 333.63 (-3.59) SIMSCI FUTURES 331.90 (-3.10) STOCKS Friday Change KL COMP 1,332.89 +1.02 NIKKEI 225 10,364.59 -331.10 HANG SENG 19,920.29 -213.12 SET 768.55 -16.70 JAKARTA 2,739.33 -71.28 MANILA 3,142.06 -25.77 KOSPI 1,647.50 -37.21 SHENZHEN B 565.18 -14.06 MUMBAI IND 16,769.11 -218.42137 words
-
Article115 2010-05-08 2 Bloomberg PRUDENTIALplc,theUKinsurerbuying AmericanInternational Group’s main Asian unit, said the timetable for its US$21 billion rights offer will be revised after the UK watchdog delayed the publication of its prospectus. “As a result of that delay all aspects of the timetable for the rights issue” will beBloomberg - 115 words
-
436 2010-05-08 2 latest us data| AP Washington MORE confident US employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 per cent as Americans streamed back into the market looking for work. TheAP - 436 words
-
Article, Illustration577 2010-05-08 3 Neil Behrmann - Tories win 36% of the vote, but fail to win majority By Neil Behrmann btworld@sph.com.sg London RECESSION and disenchantment have caused the British voters to choose a hung parliament with all its political, economic and market uncertainties. This is the first hungREUTERS - 577 words
-
462 2010-05-08 3 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg Singapore THE Ministry of Finance (MOF) has accepted all the broad recommendations made by the Committee to Develop the Accountancy Sector (CDAS) and these plans will be rolled out in phases over the next few years. For a start,462 words
-
722 2010-05-08 4 Conrad Tan - Higher-than-expected earnings helped by fee and trading income By Conrad Tan conradt@sph.com.sg Singapore FIRST-QUARTER earnings at the Singapore banks have surpassed analysts’ estimates, buoyed by higher fee and trading income and a sharp fall in bad-loan charges as economies in Asia rebounded. Their722 words
-
240 2010-05-08 4 Chew Xiang - falls against US dollar and euro By Chew Xiang xchew@sph.com.sg Singapore THE pound sterling sank as much as 4 per cent against the US dollar and 2 per cent against the euro yesterday after British voters declined to give any political party a clear mandate to run the country. After240 words
-
Article, Illustration824 2010-05-08 6 Felda Chay,Karen Ng - His firm’s furniture, movable property to be auctioned in May: sources By Felda Chay,Karen Ng feldac@sph.com.sg karenng@sph.com.sg Singapore ONCE prominent bank owner Agus Anwar has failed to make the initial payment for rent owed to Ngee Ann Development despite promising to824 words
-
363 2010-05-08 6 AFP Tokyo JAPAN’S central bank yesterday said it would inject more than US$20 billion in liquidity to calm markets in response to global turmoil triggered by the Greek debt crisis. Prime Minister Yukio Hatoyama also vowed to take necessary steps asAFP - 363 words
-
-
Page 2 Advertisements
-
Advertisement60 2010-05-08 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 32 Househunt 34 Real Estate 35 LIVING Design L2-4 Fashion L5-8 Dining L9-11 Travel L12-13 Gadgets60 words
-
Advertisement8 2010-05-08 2 ??Some theories to navigate the crisis, Page 338 words
-
-
Page 3 Miscellaneous
-
Miscellaneous48 2010-05-08 3 M71 Jackpot for this coming week Tickets for both draws available now 17-10 May ***** Mon 10 May $3 Million est. liVay $5 Million Anniversary Draw Ip LAYi Always play with care. Towards Community [responsibly] Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE EJ48 words
-
-
Page 4 Advertisements
-
Page 5 Advertisements
-
Advertisement66 2010-05-08 5 \tl MASERATI EXCELLENCE THROUGH PASSION GRANCABRIO. BY MASERATI Experience more L-. Hong Seh Motors Pte Ltd Official Maserati Importer, Singapore Head Office: 10 Fourth Lok Yang Road Singapore *****7 Head Office Tel: 6266-1 555 City Showroom: 390A Havelock Road Waterfront Plaza #01-06/08 Singapore *****4 Showroom hours: Monday Friday: 10am to66 words
-
-
Page 6 Advertisements
-
WEEK IN REVIEW/WEEK AHEAD
-
THIS WEEK May 3-7, 2010
-
81 2010-05-08 7 GREECE sealed a deal with the European Union and IMF last Sunday that opens the door to a multi-bil-lion euro financial bailout and will require big sacrifices from the Greek people, Prime Minister George Papandreou said. Those sacrifices amount to budget81 words
-
80 2010-05-08 7 INVESTMENT interest in Singapore from non-traditional locations such as the Middle East and Russia is on the rise, as companies seek a base from which to tap Asia’s growth. There are now about 310 Middle East companies registered here, up from 260 in80 words
-
79 2010-05-08 7 UNITED and Continental Airlines said on Monday they are forming the world’s largest airline in a deal worth about US$3 billion. The new United would surpass Delta Air Lines in size, which should help it attract more high-fare business travellers. It will fly to79 words
-
84 2010-05-08 7 SINGAPORE’S largest local share offering this year that of Chinese shipbuilder New Century Shipbuilding has run aground. The company announced on Tuesday night that “it has decided not to go ahead with its planned initial public offering on the SGX-ST (Singapore Exchange)84 words
-
59 2010-05-08 7 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 the stake in the Mumbai-based bourse for US$175 million, the largest US stock59 words
-
79 2010-05-08 7 PRUDENTIAL’S May 11 listing on the Singapore Exchange herald- ed as a major event for the bourse could be postponed following a regulatory snag over its rights issue. The British insurance giant, which needs to raise US$21 billion to help pay for its US$35.579 words
-
Article, Illustration21 2010-05-08 7 United and Continental Airlines are forming the world’s largest airline in a deal worth about US$3 billion REUTERSREUTERS - 21 words
-
52 2010-05-08 7 INDONESIAN Finance Minister Sri Mulyani Indrawati, a key reformer in South-east Asia’s biggest economy, is leaving office in what could be a major blow to a crackdown on graft and tax evasion. Dr Sri Mulyani, 47, was named managing director of the World52 words
-
53 2010-05-08 7 THE Ministry of National Development (MND) will set up a new statutory board to raise the professionalism of the real estate agency industry and better safeguard consumers’ interests. The proposed board the Council for Estate Agencies (CEA) will implement a new framework to53 words
-
35 2010-05-08 7 THAILAND’S premier Abhisit Vejjajiva on Thursday outlined plans to dissolve Parliament in September for polls aimed at ending a political crisis, but suspicious anti-gov-ernment protesters demanded a firmer timeline.35 words
-
-
NEXT WEEK May 10-14, '10
-
Article30 2010-05-08 7 May 11 March wholesale inventories May 12 March trade balance May 13 April export/import prices Initial claims May 14 April retail sales April capacity utilisation April industrial production30 words
-
Article11 2010-05-08 7 May 14 March retail sales and catering trade indices11 words
-
Article34 2010-05-08 7 May 10 TOKYO Bank of Japan to publish minutes of April 6-7 monetary policy meeting May 12 LONDON Bank of England to present quarterly inflation report May 13 FRANKFURT ECB publishes monthly bulletin34 words
-
-
-
Page 7 Miscellaneous
-
Miscellaneous340 2010-05-08 7 CRYPTIC CROSSWORD Across 1 Claims keen cooks make traditional Easter fare (6,4) 6 Knock back some gin (4) 10 Bert and Jack seen in church (5) 11 Sort of roll, A-E, etc? (9) 12 VAT files go astray? A time for celebration! (8) 13 Jokers perhaps, conveying Easter greetings (5)340 words
-
Miscellaneous13 2010-05-08 7 SATURDAY with Ludwig ‘I’m sorry sir, the Fountain of Youth isn‘t sold here...’13 words
-
-
THE RAFFLES CONVERSATION
-
Article, Illustration2302 2010-05-08 8/9 Joyce Hooi - Francis Yeoh, the man at the helm of Malaysian conglomerate YTL Corp, shares his business philosophy. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg FRANCIS Yeoh has every right to think of the world as his oyster, but it is more like his pulpit, instead. The MalaysianARTHUR LEE - 2,302 words
-
-
Page 8/9 Advertisements
-
Advertisement70 2010-05-08 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.70 words
-
-
COMPANIES
-
Article, Illustration902 2010-05-08 10 Siow Li Sen - Earnings are the smallest in absolute terms compared with those of UOB and OCBC bank earnings| By Siow Li Sen lisen@sph.com.sg Singapore HIT by historic low interest rates, DBS Group Holdings yesterday posted disappointing first-quar-ter net earnings of $532 million, up 23BLOOMBERG - 902 words
-
525 2010-05-08 10 Conrad Tan - By Conrad Tan conradt@sph.com.sg Singapore UNITED Overseas Bank’s first-quarter net profit rose 71.2 per cent to $700 million from ayear ago,exceeding analysts’ estimates, due to much lower bad-loan charges and higher non-interest income. Excluding a one-time gain of $82 million from the525 words
-
Article, Illustration378 2010-05-08 11 Joyce Hooi - Earnings up at $148.8 million, but revenue falls 0.3% to $1.36 billion By Joyce Hooi joyceh@sph.com.sg Singapore COMING off a record year in 2009, Sembcorp Marine saw a 23.8 per cent growth in net profit from $120.2 million to $148.8 million for theBLOOMBERG - 378 words
-
Article, Illustration387 2010-05-08 11 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg Singapore UNITEDEngineers’ first-quarter net profit has morethan trebled as sales of residential apartments propelled a surge in revenue. The group yesterday announced a net profit of $28.2 million for the three months ended March 31, up from $8.5387 words
-
Article204 2010-05-08 11 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 UOB 700.00 409.00 71.1 1502.00 1384.00 8.5 2 DBS Grp 532.00 433.00 22.9 1713.00 1662.00 3.1 3 SembCorp Marine 148.81 120.20 23.8 1359.38 1363.49 -0.3 4 United Engineers 28.15 8.48204 words
-
Article, Illustration476 2010-05-08 12 S Jayasankaran - He asks them to look at the opportunities in the M’sian market and judge for themselves By S Jayasankaran btworld@sph.com.sg Kuala Lumpur YUSLI Mohamad Yusoff, chief executive of Bursa Malaysia, yesterday assured Singapore investors in the Kuala Lumpur stock exchange that thereFILE PHOTO - 476 words
-
596 2010-05-08 12 Bloomberg Singapore UBS AG, Switzerland’s biggest bank, is reviving an effort to recruit people without industry experience for its Asian private banking unit after a one-year hiatus, as competition for wealth managers heats up in the region. The Zurich-based bank is taking outBloomberg - 596 words
-
Article, Illustration348 2010-05-08 13 Chan Yuping - Group revenue surges 36% to $179.7m; it is seeking opportunities in Middle East By Chan Yuping ypchan@sph.com.sg Singapore ROTARY Engineering has posted a first-quarter net profit of $13.8 million, more than three times that of $4.3 million a year ago. The net348 words
-
Article, Illustration356 2010-05-08 13 Reuters Bangkok Advanced Info Service pcl (AIS), Thailand’s top mobile phone operator, reported a 9 per cent rise in quarterly earnings yesterday after a recovery in the economy pushed up service revenue and demand for mobile data. AIS, 21.4Reuters; BLOOMBERG - 356 words
-
Article, Illustration635 2010-05-08 14 R Sivanithy - stocks| R Sivanithy sivan@sph.com.sg Senior correspondent THIRTEENyearsago, a collapse in the Thai baht sparked contagion in this part of the world and the Asian financial crisis. Today, it’s a collapse in Greece. The names and dates may be different but the outcome,635 words
-
Business briefing
-
88 2010-05-08 14 ROKKO Holdings Ltd said it plans to place up to 20 million shares at 15 cents each. The shares will comprise up to 15 million new shares and five million shares held by the company as treasury shares. The placement88 words
-
147 2010-05-08 14 RENEWABLE Energy Asia Group, formerly known as Superior Fastening Technology, has warned that it expects to report a loss for the full year ended March 31, 2010 (FY 2010). It said plummeting gross margin, caused primarily by continuing depressed selling price147 words
-
102 2010-05-08 14 DESIGN Studio Furniture Manufacturer said that on Wednesday, it was served at its Singapore office with a summons related to a Dubai litigation. The company said it will defend the litigation on the basis of legal advice. It has been advised by102 words
-
74 2010-05-08 14 BBR Holdings (S) Ltd (BBR) said it has secured a second contract worth $139.6 million from the Urban Redevelopment Authority (URA) to construct Phase 3B (MC02) of the proposed Common Services Tunnel (CST-3B) at Marina Bay. The contract was awarded to74 words
-
84 2010-05-08 14 DARCO Water Technologies said it has recently clinched 15 industrial turnkey projects worth about $10 million from customers in the electronic, semi-con-ductor and solar-power manufacturing facilities across Taiwan, Singapore, Malaysia, and the Philippines. The orders are mainly air management and water84 words
-
-
Article110 2010-05-08 14 VOL CLOSE GentingSP 137,957 94.5 -0.5 -0.5 GoldenAgri 105,500 53.5 -1.5 -2.7 MDR 76,956 0.5 -0.5 -50.0 Yangzijiang 61,016 131 -4.0 -3.0 GMGGlobal 59,503 19 -1.0 -5.0 CoscoCorp 55,429 155 -1.0 -0.6 EuNetworks 47,424 2 0.0 0.0 CapitaLand 38,149 363 3.0 0.8 Sunningdale 32,302 19.5 -2.0 -9.3110 words
-
Article111 2010-05-08 14 Stock name Close Change CapMallsAsia 1.970 -0.030 CapitaLand 3.630 +0.030 CapitaMall 1.900 -0.020 CityDev 10.460 +0.100 ComfortDelGro 1.450 -0.010 DBS Grp 14.360 -0.300 F&N 4.650 +0.100 Genting SP 0.945 -0.005 Golden Agri 0.535 -0.015 HK Land 5.000 -0.020 JMH 35.380 +0.680 JSH 20.000 +0.280 Jardine C&C 28.680 -0.100111 words
-
Article55 2010-05-08 14 BY CENTS CLOSE UP GLD 10US$ ***** 258.6 1.6 DBXT S&P Short 10US$ 5250 204.1 2.9 DBXT DJSTGLDv 10US$ 2815 96.5 2.5 JMH 3538 95.1 2.0 JSH 2000 39.1 1.4 UOB.ES.1005 1892 18.0 1.0 Great Eastern 1564 14.0 0.9 CityDev 1046 10.0 1.0 F&N 465 10.0 2.2 DBS55 words
-
Article63 2010-05-08 14 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 4650 -475.3 -6.8 DBXT DJE50 10US$ 3371 -473.9 -9.1 DBXT Nifty 10US$ ***** -287.9 -1.8 DBXT MSTaiwan 10US$ 1531 -137.0 -6.0 Lyxor EasternEurope1 463 -117.4 -15.4 DBXT MSBrazil 10US$ 615 -111.8 -11.5 DBXT FTVietnam 10US$ 4634 -79.7 -1.2 Lyxor Europe 10 US$63 words
-
-
Page 11 Advertisements
-
Advertisement118 2010-05-08 11 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 seaview36m pool, Top finishes, 5 mins walk to118 words
-
-
Page 12 Advertisements
-
Advertisement56 2010-05-08 12 MATS NOTICES I, Abigail Slater, of Blk, 5 Siglap Road, 13-37 Mandarin Gardens, Singapore *****8 intends to marry Guillaume Chaillot (of same address), at Vandoeuvres, 1253 Switzerland on 31st August. Any person knowing of any lawful impediment to the marriage should without delay notify the Consular Section, British High Commission56 words
-
-
Page 13 Advertisements
-
Advertisement27 2010-05-08 13 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. s MATS NOTICES27 words
-
Advertisement225 2010-05-08 13 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg M.H. BOEY HOLDINGS PTE LTD (Reg No: *****0507Z) (In Members' Voluntary Winding Up) Liquidator's Office: 152 Beach Road #21-07/08 Gateway East Tower Singapore *****1 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50,225 words
-
Advertisement264 2010-05-08 13 noble group Noble Group Limited (incorporated in Bermuda with limited liability) NOTICE TO BONDHOLDERS OF ADJUSTMENT TO CONVERSION PRICE US$250,000,000 ZERO COUPON CONVERTIBLE BONDS DUE 2014 CONVERTIBLE INTO ORDINARY SHARES OF NOBLE GROUP LIMITED (THE "BONDS") All terms used in this notice and not otherwise defined herein shall have the264 words
-
-
FROM THE DESK OF
-
Article, Illustration1068 2010-05-08 15 A strategic approach to attracting and retaining talent is necessary to ensure Singapore will remain in the upper echelon of preferred destinations for drug development from the desk of THE game is changing in the global biopharmaceutical industry. What was once a predictable pattern1,068 words
-
-
SINGAPORE
-
Article, Illustration453 2010-05-08 16 Lee U-Wen - Event hailed a ‘major undertaking’ with govt agencies and tens of thousands joining hands By Lee U-Wen leeuwen@sph.com.sg ORCHARD Road was showered with fireworks last night as Prime Minister Lee Hsien Loong praised the tens of thousands of Singaporeans involved in putting togetherNEO XIAOBIN/THE STRAITS TIMES - 453 words
-
524 2010-05-08 16 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg TAX professionals can soon obtain accreditation through a new body set up by the Institute of Certified Public Accountants of Singapore (ICPAS). Yesterday, ICPAS officially launched the Singapore Institute of Accredited Tax Professionals (SIATP) in partnership with the Tax Academy of Singapore.524 words
-
Article, Illustration636 2010-05-08 17 Anna Teo - Twitter and its ilk have given rise to a generation that believes its every utterance ought to be shared with the world saturday soapbox By Anna Teo anna@sph.com.sg AMELBOURNEnewspapercol-umnist was sacked this week after her Twitter remarks about some local TV stars sparked a full-on public outrage.BLOOMBERG - 636 words
-
208 2010-05-08 17 AHEAD of the expiry of Singapore’s 1961 water agreement with Malaysia next year, officials from both sides met in Johor yesterday. A joint technical committee and a joint working group have been formed to handle the transition of related assets and operations, after208 words
-
448 2010-05-08 18 Ronnie Lim - New owner GMR expected to raise financing for 70% of Island Power project By Ronnie Lim ronnie@sph.com.sg INDIA’SGMRGrouphasappointed Bank of Tokyo-Mitsubishi UFJ financial adviser for its $1.2 billion Island Power cogeneration project here, and expects to go to the market for finance448 words
-
362 2010-05-08 18 ENVIRONMENT and Water Resources Minister Yaacob Ibrahim winds up a two-day visit to Malaysia today. As part of the Annual Exchange of Visits (AEV) between the environment ministries of Malaysia and Singapore, Dr Yaacob headed north at the invitation of Malaysia’s Natural Resources and Environment362 words
-
-
Page 16 Advertisements
-
Advertisement37 2010-05-08 16 Lianhe Zaobao p a I? m 1 5 i > r£\ e V tm VA Reflecting rise in property prices ;$2 banks s to hike m home loan interest rates To subscribe, call 6388-3838 or go to sphsubscription.com.sg37 words
-
-
Page 18 Advertisements
-
Advertisement124 2010-05-08 18 May Pulses out now! Enjoy your copy of Pulses and a fresh medium espresso beverage for only $5.50 at any Spinelli Coffee outlet Singapore as one of the elite high value manufacturers in the world? Thirty top biomedical sciences companies set up HQ here. Visitor arrivals at Resorts World Sentosa124 words
-
-
WORLD
-
529 2010-05-08 19 Thursday’s 1,000-point plunge in the Dow brings into focus a worrying trend in the US stock market trading system NYT New York THE glitch that sent US markets tumbling on Thursday was years in the making, driven by the rise of computers that transformedNYT - 529 words
-
297 2010-05-08 19 Reuters Bangkok ANTI-GOVERNMENT protesters in Thailand refused to leave the streets of Bangkok yesterday, but hinted that they may be able to strike a deal in coming days. Prime Minister Abhisit Vejjajiva has put forward a plan to end the rallies that have crippledReuters - 297 words
-
Article, Illustration449 2010-05-08 19 LAT-WP Washington THE Washington Post Co is putting Newsweek up for sale because the company can foresee no path to profitability for the money-losing magazine, The Post Co said on Wednesday. Though no buyer is imminent, company officials said, The Post Co hopes toLAT-WP; AP - 449 words
-
164 2010-05-08 19 Reuters London SHOE lovers in London have been glued to their computer screens in a race to win a pair of free Jimmy Choos. The Jimmy Choo trainer hunt or “CatchAchoo” race offers the winner the chance to keep a freeReuters - 164 words
-
Article, Illustration699 2010-05-08 20 Decision would break a traditionally close relationship between the two NYT Bloomberg New York GOLDMAN Sachs is losing a big corporate client: the American International Group. AIG, the insurance giant that planned to retain Goldman to help reorganise its businesses, has replaced Goldman as itsNYT; Bloomberg; REUTERS - 699 words
-
378 2010-05-08 20 NYT LAT-WP Washington TWO US Treasury secretaries, Henry Paulson and his successor Timothy Geithner, on Thursday endorsed calls for stricter regulation of financial markets. In back-to-back testimony to the Financial Crisis Inquiry Commission, Mr Paulson and Mr Geithner faced questions about the so-called shadow bankingNYT; LAT-WP - 378 words
-
Article, Illustration600 2010-05-08 21 Decision, which may help end a 5-year family fight, says govt is the ultimate owner of gas AP Mumbai INDIA’S highest court yesterday ruled in favour of billionaire Mukesh Ambani in a long-run-ning family feud over the price of natural gas fromAP; BLOOMBERG - 600 words
-
470 2010-05-08 21 Tian Yuan defers IPO as Dow suffers record intraday point drop Bloomberg Hong Kong SWIRE Properties Ltd, landlord to Time Warner Inc in Hong Kong, shelved its plan to raise as much as HK$20.8 billion (S$3.7 billion) in an initial public offering (IPO) asBloomberg - 470 words
-
362 2010-05-08 21 Reuters London HSBC Holdings said underlying profits in the first three months of this year were well ahead of a year ago as bad debts fell to their lowest level for over two years, led by a drop inReuters - 362 words
-
586 2010-05-08 22 He reportedly told President Hu he is ready to return to the stalled six-party negotiations AP Beijing NORTH Korean leader Kim Jong Il left China yesterday after a secretive five-day visit that reaffirmed the importance of longdelayed nuclear disarmament talks but produced noAP - 586 words
-
305 2010-05-08 22 AFP Beijing AN INFLUENTIAL Chinese government think tank has urged policymakers to adopt a more flexible exchange rate and predicted the growth in the world’s number three economy would slow in the second quarter. China should widen the yuan trading band toAFP - 305 words
-
Article, Illustration298 2010-05-08 22 Bloomberg New Delhi INDIA’S government yesterday sent to parliament legislation to make nuclear reactor operators solely liable for accidents and to cap damages, proposals that will help the entry of US companies such as General Electric Co (GE) and are likelyBloomberg - 298 words
-
-
Page 20 Advertisements
-
Advertisement38 2010-05-08 20 AWARDS 10 Award Categories 2 Local Overseas Celebrity Categories Nominate and Register Now! Jmurioi mions ASUS smart phones andnet books mvnesto®e» lesl mP J* Win $40,000 A worth of prizes! 1 W Closing Date: 9 Mav 2010 http://sgblogawards.omy.sg38 words
-
-
Page 22 Advertisements
-
Advertisement5 2010-05-08 22 V i fjftiS® SBISI www.radio913.com5 words
-
-
SGX
-
Article9061 2010-05-08 23 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5.5 3148 8Telecom 16.5cd unch 383 16.5 16.5 16 17 1.7 11 5.3 79 10 5.5 5834 A-Sonic 6.5 -0.59,061 words
-
Article1854 2010-05-08 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6.5 -0.5 26 6.5 6.5 6 7 36.1 6.3 25 12 8538 t APStrategic 18.5 unch 2211,854 words
-
Article186 2010-05-08 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 15 3 0 0 0 0 15 3 Manufacturing 17 125 57 2 9 15 19 134 72 Commerce 8 36 19 0 6 8 8 42 27 Tpt/Stor/Comms 3 35 4186 words
-
Article849 2010-05-08 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Chasen Hldgs Ltd 6-May-10 Yeo Seck Cheong B/R 2668 na ***** 11.57 ***** 8.94 Chasen Hldgs Ltd849 words
-
Article120 2010-05-08 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,516 29,516 144,072 144,072 Manufacturing 450,747 60,236 510,983 364,021 2,832 366,854 Commerce 133,586 19,116 152,702 222,594 3,072 225,666 Tpt/Stor/Comms 196,954 1,035 197,989 355,997 135 356,131 Finance 61,959 5 61,964 525,534 525,535 Construction 72,095 18,986 91,081120 words
-
-
MARKETS
-
Article, Illustration91 2010-05-08 27 YTD change: -2.64% 52-week high: 3,037.97 on April 15,2010 52-week low: 2,094.50 on May 18,2009 Source: Bloomberg YTD change: -8.93% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 16,334.30 on May 18,2009 Source: Bloomberg YTD change: -17.97% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,538.62 on MaySource: Bloomberg - 91 words
-
365 2010-05-08 27 In local curr In S$ In US$ dy yr dy yr dy yr May 6 Index Change Change Change Change Change Change World Index Preliminary 833.0 -1.6 0.1 -1.6 -3.3 -1.8 -2.7 ‡EAFE Preliminary 759.2 -2.1 -3.3 -2.3 -9.7 -2.5 -9.2 Europe Preliminary 1065.0 -1.8365 words
-
Article154 2010-05-08 27 May 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2421 1.2436 0.8886 0.8890 Canadian dollar 1.3264 1.3282 0.9489 0.9495 Euro 1.7805 1.7823 1.2738 1.2741 NZ dollar 0.9923 0.9938 0.7099 0.7104 Sterling pound 2.0566 2.0586 1.4713 1.4716154 words
-
Article77 2010-05-08 27 May 6 COCOA (£/tonne) Close Prev High/Low May 10 2404 2368 2404/2372 Jul 10 2426 2394 2429/2396 Sep 10 2389 2358 2390/2360 Dec 10 2348 2309 2348/2312 COFFEE (US$/tonne) Close Pev High/Low May 10 1313 1335 1324/1304 Jul 10 1352 1370 1368/1346 Sep 10 1386 1405 1403/1380 SUGAR (US77 words
-
Article105 2010-05-08 27 May 6 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 945.50 968.25 973.00 941.50 Jul 10 954.00 978.00 982.25 949.75 Aug 10 950.25 975.50 979.50 946.75 Sep 10 935.00 961.50 965.25 932.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 37.84 38.64 38.60105 words
-
Article64 2010-05-08 27 May 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2552 2558 2557 2552 40 1766 Jun 10 2502 2534 2542 2499 804 8597 Jul 10 2490 2519 2526 2484 9974 ***** Aug 10 2485 251464 words
-
Article75 2010-05-08 27 May 6 CRUDE US$/barrel (FOB origin) Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas PRODUCT US$/barrel (FOB S'pore) Naphtha Jet Kerosene US$/barrel Opec Oil Basket Price US$/tonne Naphtha (CFR Japan) Gas Oil (CIF cargoes Gas Oil EEC (CIF cargoes NWE) Source: Thomson Reuters Close75 words
-
Article71 2010-05-08 27 May 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2071.75 2089.00 3 months 2103.00 2121.00 Copper, Grade A (US$/tonne) Cash 6911.75 6921.75 3 months 6948.00 6958.50 Lead (US$/tonne) Cash 1969.75 1908.00 3 months 2001.00 1940.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
-
Article68 2010-05-08 27 May 7 GOLD (US$/oz) May 06 May 07 Hong Kong 1176.*****7.50 May 06 May 05 London 1184.*****1.95 1185.*****2.95 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.92 24.69 Source: UOB PLATINUM Lon (US$/oz) May 06 Close Previous PM Fix 1662.*****6.00 AM Fix 1666.*****5.00 Source: Thomson Reuters PLATINUM NYMEX68 words
-
-
PERSPECTIVE
-
Article, Illustration1033 2010-05-08 28 / 29 G Panicker - Respect for Nature was at the centre of the meeting on climate change held at Cochabamba in Bolivia. By G Panicker By G Panicker FIRSTtherewasCopen-hagen. Then it was Cochabamba’s turn. This Bolivian city last month hosted a conference on climate change. Its central message: The1,033 words
-
Article, Illustration848 2010-05-08 28 / 29 Yogi Aggarwal - IPL a heady mix of sport, glamour, entertainment, sleaze By Yogi Aggarwal The writer is a Mumbai-based journalist who contributes regularly to BT THE Indian Premier League (IPL) has been thrown into a crisis following the suspension of the main ‘villain’, Lalit Modi. The allegations of sweetheart deals, money laundering,AFP - 848 words
-
-
Wealth
-
WEALTH INVESTING
-
Article, Illustration1216 2010-05-08 30 / 31 Genevieve Cua - As new storm clouds gather, fund managers and bankers give their views of what investors can do to ride out the uncertain environment.By Genevieve environment.By Genevieve Cua JUST when you begin to heave a sigh of relief that markets seem to be on the mend afterAP - 1,216 words
-
BROKERS’ TAKE
-
Article208 2010-05-08 30 / 31 Buy DBS Group Research May 7 Close: $1.55 COSCO’S Q1 2010 net earnings surged 80 per cent q-o-q to $31.7 million, reversing the declining trend since Q2 2009. The spotlight was on the shipbuilding segment its gross margin improved from losses to achieve 4-6 per cent.208 words
-
Article250 2010-05-08 30 / 31 Buy Kim Eng Research May 7 Close: $0.895 CWT’s Q1 2010 results were slightly below our expectations, but we expect growth to normalize in the next quarter. We also expect management to announce a special dividend in the next quarter, albeit at a lower estimate of $0.10/share due250 words
-
Article292 2010-05-08 30 / 31 Joyce Hooi - Compiled by Joyce Hooi Buy DMG Research May 7 Close: $0.97 MIDAS posted Q1 2010 results where net profitability came in slightly below our expectations due to an increase in raw material costs which were not within our forecasts. Nevertheless, with the company still poised to ride on292 words
-
-
Article, Illustration1377 2010-05-08 32 Floyd Norris - Frayed nerves, trader error and sudden panic produced one of the wildest days ever in financial markets this week By Floyd Norris NYT New York COMBINE one part nervous traders, one part Greek crisis and one part trader error. Stir in one part central bank complacency. BringNYT; AP - 1,377 words
-
Article, Illustration1244 2010-05-08 33 Teh Hooi Ling - As Greece’s plight begins to morph into a global problem, investors here in Asia might want to review their strategy show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent WILL the Greek debt crisis cause a repeat of the 2008 market carnage?AP - 1,244 words
-
-
WEALTH REAL ESTATE
-
1042 2010-05-08 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 17 LANDED Bt Loyang Estate 2-Sd 13/04/2010 FH 3337 1700 509 Loyang Villas 3-Ter 13/04/2010 991,042 words
-
Article, Illustration537 2010-05-08 35 Uma Shankari - Most likely occupiers of such apartments are expatriate tenants or S’porean single professionals: CBRE By Uma Shankari shankari@sph.com.sg A RECORD number of tiny new apartments were sold last year, according to property consultancy CB Richard Ellis (CBRE). A total of 696FILE PHOTOS - 537 words
-
441 2010-05-08 35 AFP Beijing CHINA’S recent measures to rein in soaring property prices had been effective in stabilising the real estate market, a top housing official said yesterday during a rare online chat with Internet users. “The trend of excessively fast rising residential propertyAFP - 441 words
-
-
-
Page 34 Advertisements
-
Advertisement68 2010-05-08 34 Featuring the Prestige Homes Collection Marina Collection Sentosa Cove. An Unrivalled lN/larina Experience. To arrange for an appointment to view our show unit, please contact Gladis Heng 9387 4624, George Tan 9792 8913 For other luxurious developments, please call 6836 3338 or search with us at residential.savills.com.sg savills Savills has68 words
-
-
Page 36 Advertisements
-
Advertisement38 2010-05-08 36 M iUDEMARS PlGUET Le maitre de I'horlogerie depuis 1875 k V p 1 Rl ,«rMS W >! a v V 1 **2& i Z '«V -a. I- S": MILLENARY QUINCY JONES SELFWINDING For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com38 words
-
-
Page 1 Advertisements
-
Advertisement45 2010-05-08 1 LivingTHEBUSINESSTIMESWEEKEND|MAY8-*****BTTHE BUSINESS TIMES WEEKEND MAY 8-9 2010 STYLE Craftsmanship on display L5-6 FASHION Audacious talent L7-8 DINING Art on a plate L9 DINING Mum’s recipes L10-11 HOT SEATS Designers show off curves at Milan Design Week GADGETS Case in point L14 MOTORING Power play L1945 words
-
-
BT Living
-
DESIGN
-
Article, Illustration622 2010-05-08 2/3 Lim Sio Hui - From comforting to cute, chair designers explored sensory ideas at Milan Design Week and showed off plenty of curves. By Lim Sio Hui By Lim Sio Hui IT’Stheonepiece offurniturethat youinteractthemostwith,gripping its edgeswatching ahorror film,settledback reading a novel, or slouched sideways chatting with a friend ever wished your chair622 words
-
Article, Illustration1270 2010-05-08 2/3 Marcel Wanders - Two celebrated designers discuss their new proposals Marcel Wanders Storyteller btnews@sph.com.sg FORGET ergonomics there’s nothing wrong with a seat you don’t fit perfectly into. There are chair designers who work with strict functionalism in mind, and there are those who design for beauty. Marcel Wanders belongs to1,270 words
-
Article1079 2010-05-08 4 wine dine with BTWeekend Pine Court Chinese Restaurant Level 35, Orchard Wing Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Relish exquisite Cantonese cuisine especially created by master chefs at Pine Court Chinese Restaurant. Traditional recipes take on a refreshing interpretation featuring signature dishes such as Peking Duck with Spinach Crepes,1,079 words
-
-
FASHION
-
Article, Illustration650 2010-05-08 5 Audrey Phoon - A trio of luxury brands put craftsmanship centrestage at exhibitions in Singapore in the next three months. By Audrey Phoon By Audrey Phoon Bottega Veneta The Knot: A Retrospective WHEN Tomas Maier joined Bottega Veneta as its creative director in 2001, he spottedabag amongthe Milanese brand’searlydesigns thathefelthad a“special650 words
-
Article, Illustration445 2010-05-08 6 Chopard’s 150th Anniversary Animal World tour IT’S not unusual for designers to get inspiration from art, architecture and other high-culture sources. But Chopard co-president and artistic director Caroline Gruosi-Scheufele drew hers from quite adifferentsourceforthebrand’s150thanniversaryjewellerycollection:stuffedtoys. Shares Patrick Normand, managing director of Chopard Asia: “Caroline, who’s very fond of animals445 words
-
Article, Illustration487 2010-05-08 6 Patek Philippe The Values of a Family Watch Company Grand Exhibition PRESIDENT of Patek Philippe, Thierry Stern, calls his company’s latest exhibition a “chance to display our devotion to horological preservation”. Which is underselling it a bit, to say the least, because (if you overlook the clumsy487 words
-
Article, Illustration1040 2010-05-08 7 Audrey Phoon - Audrey Phoon rounds up the shows in the latter half of Audi Fashion Festival audi fashion festival Audrey Phoon aphoon@sph.com.sg roberto cavalli THERE comes a point in every man’s life (even if he is not an everyman) when he feels a change may do him good. And in1,040 words
-
Article471 2010-05-08 8 TO use an English expression (because the man we’re talking about is as Brit as can be), Henry Holland’s got it all a**e over tea kettle. That is to say, the way his label has been developed is upside down, topsy turvy, topple up tail... you get471 words
-
-
DINING
-
Article, Illustration865 2010-05-08 9 Geoffrey Eu - will createa bridge of understanding between food and art at his restaurant on Sentosa, his first outside Japan. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg Kunio Tokuoka 26 Sentosa Gateway #02-139, Crockfords Tower Lobby Level ?6686-3633 www.t-kunio.com Open daily from 11.30am to 11pm KUNIO Tokuoka wasn’t865 words
-
When Mum’s recipes are the best
-
Article, Illustration965 2010-05-08 10 / 11 Jaime Ee - What’s the ultimate tribute a mother can get from her children? When they love her cooking so much that they open restaurants to share it with other food lovers. Three chef/restaurateurs set out to prove that while fine dining has its attractions, good cooking really begins at homeCANDLENUT KITCHEN PHOTOS BY YEN MENG JIIN - 965 words
-
Article, Illustration725 2010-05-08 10 / 11 Audrey Phoon - By Audrey Phoon aphoon@sph.com.sg #01-01 Centros Building, 20 Biopolis Way 6738-8887 ASK a Peranakan to rate a Peranakan dish and the response you’re likely to get is: “That ayam buah keluak/babi pongteh/itek tim is okay, but my mother/grandmother does it best.” That is, unless you’re speaking to JoshuaSPICE PERANAKAN PHOTOS BY JOHN HENG; YEN MENG JIIN - 725 words
-
Article497 2010-05-08 10 / 11 Jaime Ee - By Jaime Ee 51 Duxton Road ?6220-1684 HAVING a great cook for a mother can put a dampener on a marriage, especially if it’s the husband who grew up with home made feasts while the wife was weaned on takeaway hawker food. Imagine the trials ofa mother’s boy497 words
-
-
-
TRAVEL
-
Article, Illustration1397 2010-05-08 12 / 13 Maisy Koh - to architecture From music to architecture, Prague, the capital of the Czech Republic, lives and breathes history. By Maisy Koh By Maisy Koh btnews@sph.com.sg WHETHER you know it as the City of a Hundred Spires, the Golden City or, simply, Prague, the capital of the Czech RepublicPHOTOS BY MAISY KOH - 1,397 words
-
-
GADGETS
-
Article, Illustration810 2010-05-08 14 Christopher Lim - Trexta, bstripes and IUVO offer iPhone cases that provide far more than just protection. By Christopher Lim By Christopher Lim limchris@sph.com.sg A CASE is probably the first purchase a new iPhone owner will make for his or her beloved Apple device, but that first purchase is just810 words
-
-
HEALTH
-
Article, Illustration993 2010-05-08 15 Audrey Ho - More parents are seeking professional help when they discover that their children have learning disorders. By Audrey Ho disorders. By Audrey Ho btnews@sph.com.sg LIM Tien Ling, a 36-year-old teacher, noticed that her five-year-old son Luke had a tendency to use excessive force while at play, orFILE PHOTO - 993 words
-
-
SPORT
-
Article, Illustration645 2010-05-08 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor IF YOU fancy yourself a bit of a risktaker and have a few extra dollars to spare, you could multiply your investment by at least seven times overnight.Here’sthecatch:Defending champions Manchester United must retain their EnglishAFP - 645 words
-
Article, Illustration831 2010-05-08 16 John Dykes - kick off with john dykes John Dykes NINE months ago, Liverpool lost 3-0 to Espanyol in a pre-season friendly. Spurs, meanwhile, succumbed 2-0 to Hong Kong’s South China. In August, I made mention of both results in an article previewing the new English Premier League (EPL)831 words
-
-
GOLF
-
Article, Illustration1377 2010-05-08 17 Justine Moss - Golf is probably the only sport left where competitors can still call a penalty on themselves. By Justine Moss By Justine Moss btnews@sph.com.sg LAST month during a PGA tournament, a professional golfer played by the rules literally demonstrating the sort of integrity and sportsmanship that hisAP - 1,377 words
-
-
MOTORING
-
Article, Illustration646 2010-05-08 18 Samuel Ee - A well-known feature of all-wheel-drive is that it offers neutral handling. But on the race track, there is another advantage more even tyre wear. Samuel Ee drives two permanent all-wheel-drive sports models Samuel Ee samuelee@sph.com.sg IT IS amazing how the addition of a fabric roof and the removal646 words
-
Article, Illustration636 2010-05-08 19 Samuel Ee - The Bentley Continental Supersports has been described as the fastest model to wear a winged B badge. By Samuel Ee By Samuel Ee samuelee@sph.com.sg APART from being the most powerful Bentley ever, you could say the Continental Supersports is also the most playful. The Bentley Continental Supersports has636 words
-
Article, Illustration551 2010-05-08 20 Samuel Ee - Teams typically make bigger engineering advances when they are in between European fixtures. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg IF YOU tune in late to tomorrow’s race and see Fernando Alonso giving the thumbs up, please do not assume that he has just won551 words
-
-
-
Page 6 Advertisements
-
Advertisement22 2010-05-08 6 The 150th Anniversary Animal World tour will be in Singapore in July. Date and venue to be confirmed. For updates, email info@chopard.com.sg22 words
-
-
Page 8 Advertisements
-
Advertisement6 2010-05-08 8 With additional reporting by Melissa Lwee6 words
-
-
Page 16 Advertisements
-
Advertisement16 2010-05-08 16 ??Catch John Dykes on ESPN’s Football Focus every Tuesday (8pm) and First Edition on Friday (9pm)16 words
-