The Business Times, 27 May 2010

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Total Pages: 43
1 44 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, May 27,2010
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  • 796 1  -  Bourse also reports errant firm to MAS, CAD; asks others to consult it before engaging NEL directors By MICHELLE QUAH [SINGAPORE] The Singapore Exchange’s patience with the embattled NEL Group has run out. The regulator has now publicly reprimanded the technology
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  • 142 1 ST INDEX 2,696.02 (+45.41) ST INDEX FUTURES 2,696 (+45) SIMSCI 319.73 (+5.08) SIMSCI FUTURES 320.00 (+5.30) FOREX US$ S$ US$ (S$ per US$) 1.410 (US$/S$ per 1.440 2.030 EURO (US$/S$/E) 1.232 1.736 Foreign currency per US$ S$ YEN 90.30 64.00 RM 3.341 2.370 HK$ 7.801 5.534 BAHT 32.56
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  • 554 1  -  IPO could raise up to US$1 b even though the timing of the listing is fluid By CONRAD CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corp (GIC) is exploring a listing in Singapore of some of its property assets
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  • Page 1 Advertisements
    • 126 1 PROPERTY Projects being released in subdued market ARTS FEST The modern-day Malvolio ACCOUNTING RSM Chio Lim in JV with China counterpart PAGE 2 SINGAPORE INTERNATIONAL Shaping up for that posting abroad PAGE 16 PAGE 42 PAGE Microsoft chief on cloud computing Exclusive to The Business Times PAGE 39 ,v|, PATEK
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 79 2 THE Singapore Exchange publicly reprimanded embattled NEL Group and its directors for dragging their feet on releasing a special auditors’ report to shareholders and asked all listed companies to consult the exchange before engaging any of NEL’s directors. SGX has also reported the
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      • 50 2 THE Government of Singapore Investment Corp is exploring a listing in Singapore of some of its property assets through an initial public offer of shares that could raise up to US$1 billion, Reuters reported yesterday, citing sources with knowledge of the deal. FRONT PAGE
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      • 63 2 DRIVEN by expectations of an increase in cross-border transactions between Singapore and China, the biggest homegrown accounting firms in the two countries have formed an equal share joint venture here. The venture RSM China (Singapore) will draw on the resources of Beijing-headquartered RSM
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      • 51 2 THE Suntec brand name is taking to the global stage thanks to the launch of a new business unit, Suntec International Convention and Exhibition Services, which will offer services such as venue management and consultancy to the international meetings, incentives, conventions exhibitions industry. TOP STORIES, PAGE
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      • 65 2 US-LISTED Cascal has voluntarily withdrawn its complaint against Sembcorp Industries, following the latter’s legal triumph in being allowed to proceed with its voluntary tender offer for Cascal’s shares. The Dutch water firm withdrew its complaint on Tuesday, after a US district court denied its request for
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      • 61 2 CASH-RICH specialist engineering group Boustead Singapore chalked up lower earnings due to “project lumpiness” and a delayed property sale, but cheered shareholders with a generous dividend payout. Boustead reported a 59 per cent drop in net profit to $14.2 million for the January-March fourth quarter,
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      • 68 2 LIFE’S good in Singapore that is the finding of human resource consultancy firm Mercer during its annual ranking of cities according to quality of living. The republic has retained its spot as the top Asian city boasting the highest quality of living
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      • 73 2 DEVELOPERS are continuing to release projects amid more subdued sentiment in the property market. Kheng Leong group is previewing this week The Minton at Lorong Ah Soo/Hougang St 11 at an average price of about $850 per square foot. The developer is expected to release
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    • 758 2  -  Tie-up will allow for a more efficient delivery of services By CHEN HUIFEN [SINGAPORE] Driven by expectations of an increase in cross-border transactions between Singapore and China, the biggest homegrown accounting firms in the two countries have formed an equal share
      YEN MENG JIIN  -  758 words
    • 441 2  -  The rest of Asia appears to be in recovery mode By VEN SREENIVASAN [SINGAPORE] After gaining 68 points yesterday to a high at almost 2,719, the Straits Times Index (STI) dived 23 points after the end of trading, as key component stocks were heavily sold
      Source: Bloomberg  -  441 words
    • 481 2  -  Optimism rises in wake of progress in S’pore-M’sia issues By PAULINE NG PROPERTY companies owning large tracts of land in Johor can expect greater investor interest as Singapore and Malaysia resolve previously sticky issues. The biggest gainers may be the special economic
      481 words
    • 639 4  -  It’s offering venue management, consultancy services to MICE industry By NISHA RAMCHANDANI [SINGAPORE] The Suntec brand name is taking to the global stage thanks to the launch of a new business unit, Suntec International Convention and Exhibition Services, which will offer services such
      639 words
    • 373 4  -  Case claiming he breached agreement not to compete dismissed By VINCENT WEE [SINGAPORE] Singaporean tycoon Tan Boy Tee has won the first round of his battle against Drydocks World. The Dubai outfit claimed that Mr Tan had breached an agreement not to
      373 words
  • Page 2 Advertisements
    • 98 2 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 Jun 2010 Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS** Total Amount Applied Coupon Rate Cut-off Yield Price Median Yield Price Average Yield Price of Competitive
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    • 185 2 BEATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LIFESTYLE LEISURE INVESTMENTS PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION! (Company Registration No. *****6296D) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given
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    • 102 2 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LIFESTYLE LEISURE INVESTMENTS PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****6296D) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on
      102 words
    • 147 2 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BONBIDAF PTE. LTD. Company Regn No *****6381E (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the above mentioned
      147 words
    • 194 2 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SAKURA IMPEX PTE LTD Registration No. *****5345C (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50, that a Final Meeting of the
      194 words
    • 21 2 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 845 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg •SELL IT-FIND IT HSH NORDBANK Incorporated in the Federal Republic of Germany Financial Accounts for the Year 2009 Statement of Financial Position of HSH Nordbank Group as at 31 December 2009 Statement of Comprehensive Income of HSH Nordbank Group for the period 1
      845 words
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  • Page 5 Advertisements
    • 373 5 Nurturing The Present To Sustain The Future At CDL, we redefine lifestyles and landscapes to provide a sustainable environment for our future generations CDL's Sterling Achievements at the BCA Awards 2010 r m. "S 7 n Pi s fii 'A > > t \t'»*. 7- > 4 f tv -V-
      373 words

  • COMPANY NEWS
    • 388 6  -  Move follows court ruling against its bid to block the S’pore firm’s share offer By JOYCE HOOI US-listed Cascal has voluntarily withdrawn its complaint against Sembcorp Industries, following the latter’s legal triumph in being allowed to proceed with its voluntary tender offer for Cascal’s shares.
      388 words
    • 329 6  -  It’s recruiting other staff too on strong passenger demand By VEN SREENIVASAN TIGER Airways is boosting its pilot and cabin crew numbers 20 per cent a move announced just days after it signed a three-year deal to remain at Changi’s Budget Terminal
      329 words
    • 560 6  -  HOCK LOCK SIEW By MICHELLE QUAH THESingapore Exchange’s (SGX) swift censure of NEL Group’s disclosure lapses will serve as a stern reminder that the regulator does indeed mean business. Coming at a time when confidence in its ability to run a
      560 words
    • 519 8  -  It cheers shareholders with generous final dividend payout By VEN SREENIVASAN CASH-RICH specialist engineering group Boustead Singapore chalked up lower earnings due to “project lumpiness” and a delayed property sale, but cheered shareholders with a generous dividend payout. Boustead reported a 59 per
      519 words
    • 352 8 K-REIT Asia is set to increase its Australian footprint. The Singapore-listed real estate investment trust is in talks to buy the bulk of the space in a high-profile office tower in Sydney’s CBD area, the Australian Financial Review reported earlier this week. The
      352 words
    • 422 10  -  Net profit for 2009 at 145b rupiah as revenue rises 13% to 302b rupiah By JAMIE LEE GLOBAL Palm Resources, which was listed in April this year, more than doubled its full-year net profit, thanks mainly to a bigger fair value gain
      AFP  -  422 words
    • 522 12  -  Revenue jumps 47% on rising sales of BioMatrix drug eluting stent By CHEN HUIFEN AFTER years of being in the red, Biosensors International Group yesterday reported a substantial turnaround for FY2010 and is close to reaching its target of a 10 per cent
      522 words
    • 478 12  -  Firm clarifies its links with former bank owner By FELDA CHAY TELEDATA has clarified its links with former bank owner Agus Anwar, saying that he is a consultant of the company. The clarification by the IT and communications firm follows two
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  • Page 6 Advertisements
    • 208 6 > FIFA <3Sl5> KIA MOTORS Official Partner No. 1 selling model in Singapore, Q1 2010 SPH, The Business Times Overall Car of The Year Wheels Asia Readers' Choice 'Car of the Year' Awards 2010 Featured in The Straits Times Best Buy of the Year 2009 (Family Saloons) SPH, The Straits
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  • Page 7 Advertisements
    • 98 7 St PATEK PHILIPPE GENEVE A rare chance to look inside the world of a family-owned watch company. Patek Philippe requests the pleasure of your company at an exclusive exhibition of 250 rare and legendary timepieces from the Patek Philippe Museum Geneva, Grand Complications and the new 2010 collection. The St.
      98 words

  • Page 8 Advertisements
    • 1842 8 BUY IT SELL IT FIND IT BEATS i p Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES Balance sheet at 31 December 2009 In millions of euros 31 December 2009 31 December 2008 Profit and loss account for the year ended 31 December 2009 Year to Year to Solvency ratio In
      1,842 words
    • 101 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF C.F.H. INSURANCE PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****2136G) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 18
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  • Page 9 Advertisements
    • 229 9 A new chapter in the development of the accounting W sectors in China and Singapore RSM China (Singapore) (STM) I V I A joint venture between the largest home-grown accounting groups in the PRC and Singapore Access to 4000 professionals in Singapore and China First destination for businesses investing or
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  • Page 10 Advertisements
    • 1460 10 BUY IT-SELL IT• FIND IT MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES i BARCLAYS Head Office: 1 Churchill Place, London E14 5HP UK. Registered in England. Registered No: *****. Singapore Office: Level 28 One Raffles Quay South Tower Singapore *****3. Tel: 6308 3000 The following is an extract from the
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    • 1115 10 :»AT-=i NOTICES BUY IT-SELL IT-FIND IT 4V A B S M T G SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 27 May
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  • Page 11 Advertisements
    • 579 11 THE SINGAPORE WSH CONFERENCE 2010 Oka f Embracing Challenges, Pushing WSH Frontiers 15-16 September 2010 Suntec Singapore Gain critical insights into the latest Workplace Safety and Health (WSH) developments Learn the strategies to attain organisational WSH excellence PLENARY SPEAKERS Uncover key strategies to meet the demands of a changing WSH
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  • Page 12 Advertisements
    • 1182 12 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES tpmim it Chinatrust No.3, Sungshou Rd., Sinyi District, Taipei City 110, Taiwan (R.O.C) CHINATRUST COMMERCIAL BANK FINANCIAL YEAR ENDED 31 DECEMBER 2009 All amounts are expressed in thousands of New Taiwan Dollars INCOME STATEMENT For the years ended December 31 Earnings per Share
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    • 563 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg S FIRST COMMERCIAL BANK CO., LTD (Incorporated with limited liability in Taipei, Taiwan, R.O.C.) BALANCE SHEETS as of December 31,2009 and 2008 NT$,000 2009 2008 Change Percentage Capital adequacy ratio Tier-one capital ratio Tier-two capital ratio Total risk-weighted assets Capital adequacy ratio (NTS,000,
      563 words

  • Page 13 Advertisements
    • 70 13 With over 100 years of putting you first, you're always covered. Established in 1908, Great Eastern has a strong legacy of always acting in the best interest of our customers. Recognised as the "Most Admired Financial Institution", we will forge ahead with greater dedication to make life great for our
      70 words

  • SINGAPORE MARKETS
    • 605 14  -  Index rises 45 points on Western market performance and outlook, after previous day’s 73-point fall STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) gained 45.41 points to 2,696.02 yesterday, thanks largely to Wall Street’s avoidance of a total blowout on Tuesday and
      Source: Bloomberg  -  605 words
    • 4 14 DAILY
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    • 65 14 May 26 VALUE CLOSE BT OB/OS -1300.00 +68.0 BT CADI -*****.00 +241.0 BT 10-day MA -*****.00-130.00 FTSE ST Mid Cap 644.74 +10.83 FTSE ST Small Cap 494.39 +13.36 FTSE ST All Share 662.97 +11.56 FTSE ST China Top 247.32 +7.06 FTSE ST China 271.44 +5.10 FTSE ST
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    • 57 14 VOLUME Genting SP 222,588,000 Golden Agri 92,148,000 Keppel Land 51,784,000 Noble Grp 50,956,000 Yangzijiang 42,134,000 UniFiber 36,817,000 Z-Obee Hldgs 36,674,000 NOL 33,364,000 Cosco Corp 31,737,000 SingTel 29,361,000 VALUE($) Genting SP 214,565,675 Keppel Land 180,694,730 OCBC Bk 166,617,328 DBS Grp 115,850,732 Noble Grp 86,153,390 SingTel 83,214,790 UOB 76,080,180
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    • 186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 3 0 0 0 10 2 3 Manufacturing 90 29 59 4 3 12 94 32 71 Commerce 35 8 19 5 2 3 40 10 22 Tpt/Stor/Comms 29 8 5
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    • BROKERS’ TAKE
      • 825 14  -  Property DMG Partners Securities, May 26 Compiled by JAMIE LEE TURNOUT tapering off: We visited showflats for three mid-big sized mass and mid launches last weekend. We observed that aside from slowing sales, turnout has become more subdued. We continue to see resistance for projects priced at hefty
        Source: Bloomberg  -  825 words
    • 121 14 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,870 37,870 138,937 138,937 Manufacturing 265,273 26,694 291,967 282,561 2,613 285,174 Commerce 116,958 11,737 128,695 192,742 2,102 194,844 Tpt/Stor/Comms 176,569 374 176,943 293,715 47 293,762 Finance 47,609 47,609 404,923 404,923 Construction 64,842 8,837 73,679 10,196
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    • 114 14 Stock name Close Change Stock name Close Change CapMallsAsia 2.090 +0.090 CapitaLand 3.510 +0.040 CapitaMall 1.850 +0.040 CityDev 10.340 +0.260 ComfortDelGro 1.420 +0.030 DBS Grp 13.520 +0.220 F&N 4.710 +0.010 Genting SP 1.000 +0.075 Golden Agri 0.495 +0.015 HK Land 4.660 +0.080 JMH 34.300 +1.140 JSH
      114 words
    • 459 14 CURRENCIES Reuters [NEW YORK] The euro slid for a third straight session against the dollar yesterday, still pressured by nagging fears that the European debt crisis could hurt global growth prospects. Concerns about tighter dollar funding conditions, with three-month dollar interbank rates
      Reuters  -  459 words
    • 108 14 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 390.2 2.7 GLD 10US$ ***** 332.4 2.0 Jardine C&C 2764 232.0 9.2 JMH 3430 160.6 3.4 JSH 1972 160.6 6.1 DBXT MSEurope 10US$ 3518 145.1 3.0 DBXT FTChina25 10US$ 2710 107.1 2.9 DBXT FTVietnam 10US$ 4230 84.5 1.4 OUE 1880 78.0
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    • 118 14 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 3999-415.5 -6.9 DBXT S&P Short 10US$ 5470-233.8 -2.9 WesTech 111-139.0 -55.6 DBS.ES.1005 1352 -74.0 -5.2 OCC 3.93% NCPS10 8740 -40.0 -0.5 SGX.ES.1005 727 -23.0 -3.1 Total Access 97 -22.5 -14.2 NOL MBL eCW*****3 8.5 -21.5 -71.7 Spore Land 625 -19.0 -3.0 OCBC
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    • 87 14 Where S$ stands May 26 CHNG YR 2010 CLOSE FR May 25 S$ LOW S$ HIGH US$ 1.4058 1.04 1.4219 1.3680 Euro 1.7344 0.00 2.0153 1.7060 Pounds 2.0261 0.11 2.2831 2.0003 A$ 1.1681 -1.44 1.2960 1.1515 Yen* 1.5567 1.71 1.5927 1.4467 Rupiah* 0.***** 0.61 0.***** 0.***** Baht* 4.3196 0.96
      87 words

  • SINGAPORE NEWS
    • 396 15  -  Top in Asia again, it ranks 28th out of 221 cities in a global survey by Mercer By FELDA CHAY LIFE’S good in Singapore that is the finding of human resource consultancy firm Mercer during its annual ranking of cities according
      396 words
    • 465 15  -  By CONRAD TAN CITIGROUP made a net profit of $1.05 billion on its Singapore operations last year, down 13 per cent from $1.2 billion in 2008, as record earnings from consumer banking were offset by lower profits from investment and private
      465 words
    • 266 15  -  By JOYCE JOYCE HOOI DHL will launch an Asia-Pa-cific Centre of Excellence for Solutions Development here within the next 12 months as part of an aggressive 50 million euro (S$86.7 million) regional strategy to grow its share of the region’s 3 billion
      266 words
    • 363 15  -  By JASLENE PANG WITH mounting pressure from the increase in foreign worker levies, more firms in the construction industry are looking forward to the $250 million Construction Productivity and Capability Fund (CPCF), which was officially launched by Grace Fu, Senior Minister
      363 words
    • 356 15  -  By CHEN HUIFEN AS Singapore’s manufacturing output continues to power ahead surging 51 per cent year-on-year in April analysts are warning against getting used to such scorching growth. “First, the volatile pharmaceutical sector is flattering the headline number,” said Frederic Neumann, managing director and
      FILE PHOTO  -  356 words
    • 472 15 WHILE statutory boards are typically audited on their governance and controls every seven years or so, the Media Development Authority (MDA) should get more frequent reviews, a parliamentary committee has recommended. In view of its numerous lapses which were unearthed by the Auditor-Gen-eral
      472 words
    • 699 15  -  By RONNIE RONNIE LIM FINLAND’S Neste Oil which will use a “significant amount” of Malaysian and Indonesian palm oil as feedstock for its $1.2 billion renewable diesel plant here says it is confident that an EU-sanctioned, in-house environmental audit system
      699 words
    • 150 15 AN online publication featuring Singapore’s greenest and “most stylish” homes will be launched in September by 3M Singapore, with Home Decor magazine, the Singapore Environment Council and the National Environment Agency’s South West Regional Office, supported by South West Community Development Council (CDC).
      150 words
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  • SINGAPORE INTERNATIONAL
    • 928 16  -  Two schemes the iBF and the Graduate Development programmes help companies do so, reports CHUANG PECK MING CHUANG PECK MING RECRUITING, training and retaining talent is challenging enough for any company and it’s doubly challenging if you are grooming them for overseas assignments. Firstly,
      IE SINGAPORE  -  928 words
    • 253 16 Name: Audrey Ottevanger Designation: Growth Enterprise Segment Leader Company Name: Mercer (Singapore) iadvisor Audrey Ottevanger shares three human resource capabilities Singapore companies should develop when expanding overseas: Establish a compensation and benefits strategy Seek out data and determine an appropriate compensation and benefits strategy that is competitive and
      253 words
    • 481 16  -  By CHUANG PECK MING MELVERN Ong, business development director at ST Electronics (Info-Software Systems), attended International Enterprise (IE) Singapore’s International Business Fellowship (iBF) programme in Brazil. He fielded questions The Business Times put to him on grooming talent for overseas expansion and on
      481 words
  • Page 16 Advertisements
    • 223 16 V v- -i International Business Fellowship Executive Programnne on Brazil International Enterprise (IE) Singapore would like to invite you to attend the Executive Programme on Brazil under our International Business Fellowship (iBF) programme. To be conducted in Sao Paulo and Rio de Janeiro, Brazil, the 7-day programme is designed to
      223 words
    • 15 16 Singapore International a fortnighlty series brought to you by IE Singapore and The Business Times
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  • ECONOMY WATCH
    • 741 17 Political interference in monetary policy, he says, can create boom-bust cycles Reuters [TOKYO] Federal Reserve chairman Ben Bernanke said that expectations of inflation in the United States were stable despite price swings in the past few years and signalled that the Federal
      Reuters; BLOOMBERG  -  741 words
    • 595 17 EUROZONE CRISIS Reuters [ROME] Italy joined Europe’s austerity club on Tuesday with 24 billion euros (S$42 billion) of deficitreducing cuts that target public workers and local government and could hit the popularity of Prime Minister Silvio Berlusconi. The measures were approved by
      Reuters  -  595 words
    • 262 17 Bloomberg [BERLIN] Germany’s Finance Ministry has proposed legislation extending a partial ban on naked short selling adopted last week to all German stocks and certain eu-ro-currency derivatives. The plan would ban naked short selling in stocks of all German companies listed
      Bloomberg  -  262 words
    • 578 17 Banks say proposed standards tie up too much money NYT [WASHINGTON] Capital is the body fat of banking: too much is debilitating, too little is fatal. During the financial crisis, as large banks burned through their capital reserves, governments were
      NYT  -  578 words
    • 545 17 Shift highlights trend of waning deposits within the eurozone NYT [LONDON] The euro stops with the European Central Bank (ECB) or does it? Amid signs that some fretful deposit holders on Europe’s troubled periphery are moving their money to presumably safer
      NYT  -  545 words
  • Page 17 Advertisements

  • SINGAPORE ARTS FEST
    • 474 18  -  The trajectory of Tim Crouch’s play is a little too straightforward, reports CHEAH UI-HOON CHEAH UI-HOON IF you want to be late for a performance, it’s best not to pick a show which is based on audience interactivity. You’re just setting yourself up to be included in
      TIM CROUCH  -  474 words
    • 597 18  -  By MELISSA QUEK THOSE who expected to see Cloud Gate Dance Theatre of Taiwan’s trademark dancing in Wind Shadow were in for a surprise these past two nights. Cloud Gate’s choreographer Lin Hwai Min had to create a piece without dance, as stipulated
      BT FILE PHOTO  -  597 words
  • Page 18 Advertisements
    • 152 18 Triplex apartments that feel like landed homes. Part of an exclusive collection of modern luxury homes. Among The Holland Collection's twenty-six unique homes, the four-bedroom triplex apartments offer three magnificent levels of spacious living that unfold right in front of the swimming pool. Step outside for a dip. Entertain on
      152 words

  • MALAYSIA/INDONESIA
    • 514 19  -  Malaysian Transport Minister calls for concerted effort to increase routes By LEE U-WEN [SINGAPORE] THERE is “ample room” for Singapore and Malaysia to expand the number of ferry services plying both countries in order to boost connectivity, said Malaysia’s Transport Minister Ong Tee
      BLOOMBERG  -  514 words
    • 467 19 Bloomberg [KUALA LUMPUR] Malaysia has delayed making a decision on the size and timing of its first sale of Islamic bonds in eight years due to unstable market conditions, said two people with direct knowledge of the plan. The decision will not be made
      Bloomberg  -  467 words
    • 423 19 Bloomberg Reuters [KUALA LUMPUR] Malaysia will not immediately start cutting state subsidies that keep down prices, including for flour, fuel and highway tolls, a government minister said in Kuala Lumpur yesterday. “The government does not plan to implement the subsidy rationalisation plan any time
      Bloomberg; Reuters  -  423 words
    • 345 19 Anti-corruption body aiming at Q3 loss, investment decisions AFP [KUALA LUMPUR] Authorities in Malaysia will investigate possible graft at Sime Darby after the palm oil giant said that it will post its first ever loss when it announces its third-quarter results today. Mustafar
      AFP  -  345 words
    • 329 19 Bloomberg [JAKARTA] Indonesia’s Supreme Court rejected a government appeal against a lower court ruling that denied preliminary evidence in a tax investigation of PT Kaltim Prima Coal, or KPC, a unit of coal producer PT Bumi Resources. Indonesia’s tax office filed
      Bloomberg  -  329 words
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  • GREATER CHINA
    • 588 20 Beijing to give QFIIs nod to trade such instruments, says US Treasury Bloomberg Reuters [BEIJING] China will allow qualified foreign institutional investors (QFIIs) to invest in the country’s stock-index futures. The US Treasury Department announced the proposal on Tuesday at the end of the
      Bloomberg; Reuters  -  588 words
    • 524 20 Customers Apple, Dell looking into working conditions AP AFP [SHENZHEN] In an unprecedented move, the head of the giant electronics company opened the gates of the plant at the centre of worker suicides to scores of reporters yesterday. Foxconn Technology Group chairman Terry
      AP; AFP; BLOOMBERG  -  524 words
    • 244 20 Reuters [HONG KONG] Agricultural Bank of China (AgBank) has cleared a preliminary hearing with the Chinese securities regulator in the run-up to its planned US$30 billion initial public offering (IPO) in China and Hong Kong, local media reported here yesterday. The bank,
      Reuters  -  244 words
  • Page 20 Advertisements
    • 298 20 In a perfect world, stability and strength would be universal. Unfortunately it isn't So talk to the bank that's rated one of the safest in the world. With more than 4 decades of experience in Asia and a long history as one of Australia's leading banks, Australia and New Zealand
      298 words

  • INDIA
    • 364 21 Deal marks top Indian SUV maker’s foray into electric cars Bloomberg [MUMBAI] Mahindra Mahindra, India’s biggest sport-utility vehicle (SUV) maker, has agreed to buy a controlling stake in Reva Electric Car Co on rising demand for alternative-ener-gy vehicles. Mahindra will acquire a 55 per
      Bloomberg  -  364 words
    • 591 21 Move follows lukewarm investor response to offers Bloomberg [NEW DELHI] India, seeking to raise a record 400 billion rupees (S$11.9 billion) from asset sales, is paying fees to brokers who sell stock in state-run companies after individual investors shunned offerings this year.
      Bloomberg; BLOOMBERG  -  591 words
    • 145 21 Bloomberg [MUMBAI] Mukesh Ambani, Asia’s richest man, got 150 million rupees (S$4.46 million) in pay and benefits for the year ended March, unchanged from a year earlier, when he took a 66 per cent cut to “set a personal example of moderation”. The
      Bloomberg  -  145 words
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    • 139 22/23 aSI-v,' ma K£2 Sjfcf ;BM| '°.V- -V s: 1 r.-." >.-: •s? %••< j "-V >:,••• •-.'vf vy.::-- ?:/K :'»l®|giSS3 \:3?5E fvS v. ,y >y :,x--35 <i ami V &> S® V; m '-r.-v '£V prorata:' IT WAS DESIGNED WITH ONE THING N MND.THE WHO NHAB T T V. its
      139 words

  • ASIA-PACIFIC
    • 773 24  -  But it warns of risks from Europe’s sovereign debt woes, overheating in China By in ANTHONY ROWLEY COUNTERING renewed fears of a dou-ble-dip recession, on the back of recent turmoil in financial markets, the OECD yesterday produced a more optimistic projection for the
      773 words
    • 380 24 Reuters [SEOUL] A day after saying that it would cut all ties with the South, North Korea threatened to close the last road link with Seoul if it goes ahead with propaganda broadcasts across the militarised border, as Washington pressured China
      Reuters  -  380 words
    • 586 25 Cash bid of A$4.85b aimed at heading off Queensland’s share listing plans Reuters [PERTH] Australian coal miners made a joint A$4.85 billion (S$5.66 billion) cash bid for a rail-track network in the country’s biggest coal state, aiming to prevent it from being
      Reuters  -  586 words
    • 246 25 AP [MELBOURNE] Foster’s Group Ltd yesterday said it will split its global beer and troubled wine businesses into separate listed companies, as the Australian company warned of a US$1.1 billion writedown in the value of the wine operations. Foster’s said that earnings for the
      AP  -  246 words
  • Page 24 Advertisements
    • 176 24 Centennia suites FREEHOLD t x wrnmr wrnmm 1 L Experience a new course of life af fhe Singapore River Centennia Suites presents a new vision of riverfront living that is refreshing and supremely luxurious. It's a home where the city's panaromic views converge with the riverside promenade. Bask in the
      176 words
    • 828 24 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF TRANSTELECOM HOLDINGS PTE LTD (Co. Registration No. *****4240D) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named company, duly convened and held
      828 words

  • Page 25 Advertisements
    • 216 25 my office my home Conserved shophouses with 6-storey new extension in historic location 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber Flooring STRATA 0FFICE5 FOR SALE LIMITED UNITS |-(SH ■■>ir i RAY] Exclusive Marketing Agents 9699 6659 Jeannie 9223 9317 Patrick TOP
      216 words

  • WORLD
    • 455 26 AP [LONDON] Formula One racing is coming back to the United States in 2012 with a long-term deal to race in Austin on a track built specifically for the event. Formula One and Texas state officials announced the agreement on Tuesday,
      AP  -  455 words
    • 622 26 Bonus payouts in London’s City is expected to total £6.8 billion this year NYT [LONDON] Less than a year after reporting giant losses and cutting thousands of jobs, many banks in London’s financial centre are hiring again. And the search for talent means
      NYT  -  622 words
    • 147 26 Reuters [LONDON] US Treasury Secretary Timothy Geithner said yesterday that he was meeting Britain’s new finance minister and other European colleagues to press for a global approach to financial reform and discuss Europe’s economic crisis. “I’m going to meet the new UK government to
      Reuters  -  147 words
  • Page 26 Advertisements
    • 1685 26 BUY IT-SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES THE BANK OF NEW YORK MELLON The Bank of New York Mellon Corporation (and its subsidiaries) Head Office: One Wall Street, New York, NY *****, U.S.A Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2 CONSOLIDATED BALANCE SHEETS
      1,685 words
  • Page 26 Miscellaneous
    • 36 26 v. to i JACKPOT 1,500,000 TODAY Sales Close at 6pm Draw at 6.30pm at PoMo lp yi. Always play with care, [responsibiyj Do not bet illegally. RCB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE
      36 words

  • AVIATION
    • 847 27 Walkout leaves 40% of BA’s long-haul services from Heathrow grounded Bloomberg [LONDON] British Airways plc scrapped flights for about 25,000 people for a second day, with no sign of a return to talks between the airline and the union representing cabin-crew
      Bloomberg; AP  -  847 words
  • Page 27 Advertisements
    • 149 27 •J AI l»HI IW r mlit I lis. r I WA M JOCK" r3 II 1 BusinessChinaAwards 2010 The Business China Awards aim to honour outstanding businessmen, entrepreneurs, professionals and organisations for their successes and contributions to Singapore-China relationships and the appreciation of the Chinese language and culture. THREE AWARD
      149 words
  • Page 27 Miscellaneous
    • 334 27 CRYPTIC CROSSWORD Across 8 Young animal, a form of insect (4) 9 Something to be deciphered, not the first poem (3) 10 A tortuous route cut short on river (6) 11 Anger shown by chaps blocking a theologian (6) 12 Practise with special vehicle about to start (8) 13 Insensible,
      334 words

  • Page 28 Advertisements
    • 1694 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. Malaysia, Indonesia Destination ORIENTE PRIME
      1,694 words
    • 1390 28 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
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  • SHIPPING
    • 461 29  -  More than 100 more personnel stationed along shoreline; 19 craft deployed By JOYCE HOOI [SINGAPORE] The clean-up of the oil spill in the Singapore Straits continued into yesterday afternoon with containment and clean-up efforts in the sea off Changi East continuing with 19 craft deployed
      REUTERS  -  461 words
    • 390 29  -  Group urges world’s navies to increase protection for ships By JOYCE HOOI [SINGAPORE] The Asian Shipowners’ Forum (ASF) has called for a stop to piracy attacks. “The situation has become a crisis one that deeply affects seafarers and their families and the
      390 words
    • 510 29 Bloomberg [JOHANNESBURG] Shipping lines are charging South African exporters extra to handle containers as they start clearing a backlog from a two-week transport strike. AP Moller-Maersk, the world’s largest contain-er-shipping line, is charging its customers an extra US$75 per 20-foot container to
      Bloomberg  -  510 words
  • Page 29 Advertisements
    • 578 29 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
      578 words
    • 430 29 NOTICE TO TRADE INDIA SUB CONTINENT COLOMBO SECTORS RATE RESTORATION NOTICE Taking into consideration the increase in operating cost on the mentioned sectors, we are faced with difficulties in maintaining the level of service. Hence in order continue our feeder structure, we wish to bring up our rates to more
      430 words
    • 437 29 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF STX PATRAIKO 002W 27/05 04/06 05/06 07/06 HJ GDYNIA 0010N 03/06 11/06 12/06 14/06 HJ KINGSTON 0014W 10/06 18/06 19/06 21/06 HJ DUESSELD 0005W 17/06 25/06 26/06 28/06 Vessel Voy SIN TAO KAN PUS SHA
      437 words

  • EDITORIAL & OPINION
    • 442 30 EDITORIAL THE problem of piracy in the waters off the coast of Somalia appears nowhere near resolution, which must be of concern to all maritime nations, including Singapore. Despite global cooperation and multinational forces being deployed to fight this new menace to international shipping,
      442 words
    • 777 30  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THE recent rash of attacks in China on young children in schools, which left 18 dead and more than 80 injured, was attributed by Premier Wen Jiabao
      777 words
    • 971 30  -  Caught in a dilemma over Okinawa, the PM was presented with the perfect escape ANTHONY ROWLEY Tokyo Correspondent CALLOUS though the observation may sound, the sinking of the South Korean warship Cheonan and the very public way in which North Korea’s alleged involvement in
      REUTERS  -  971 words
    • 1355 31  -  What is needed is a proper early warning system; creating yet another rating agency is no solution By HELMUT REISEN The author is head of research at the OECD Development Centre. This comment is sourced from VoxEU.org, a Web portal which features the views of prominent
      AP  -  1,355 words
    • 437 31  -  By YANG SHAN YONG This article is a commentary published on May 24 in the Oriental Daily News HE IS already 86 years old but his thinking, eyes and reaction are as sharp as before. At a reception, a Mr Loy told reporters: “A
      AFP  -  437 words

  • Page 31 Advertisements
    • 149 31 V\i -Av t r.« Soul stirring lyrics. Heart wanning melodies. Lilting tunes. A velvet voice. An evening of soothing music that will reverberate in your memories for long. Book your evening with the world renowned singer Pankaj Udhas, at the equally famed Esplanade Concert Hall on Sunday, 30th May, 2010,
      149 words

  • BCA AWARDS
    • 1312 32  -  Legislation, occupier preferences and stakeholder demands are pushing more firms to build sustainable real estate. By UMA SHANKARI UMA SHANKARI THE business case for developing sustainable real estate is just as strong if not even more compelling than the environmental argument, analysts say. Across the
      Source: Jones Lang LaSalle  -  1,312 words
    • 1065 33  -  Developers here find green technology and features increasingly attractive because of their cost-effectiveness, reports OLIVIA HO OLIVIA HO THE push for sustainable buildings here is picking up steam, as industry stakeholders warm to the idea that it makes business sense to go green. More
      1,065 words
    • 1104 34  -  Sustainability is an inherent feature of RSP’s work as it strives for architectural excellence. CHAN YUPINGreports CHAN YUPING A COMMITMENT to architecture and engineering that promote sustainability is at the forefront of RSP Architects Planners Engineers’ business. And the company has been recognised for this
      1,104 words
    • 405 35 SOME 80 per cent of all buildings in Singapore have to be “green” that is, Green Mark-certified by 2030, according to a new target set last year. And to make sure that the private sector plays its part in helping to
      405 words
    • 736 35 Source: Building and Construction Authority The BCA Awards is an annual event to honour and pay tribute to displays of excellence in the built environment in the areas of safety, quality, sustainability and user-friendliness. This year, there is a total of 159 award winners in the following categories:
      Source: Building and Construction Authority  -  736 words
  • Page 32 Advertisements
    • 278 32 Another Green Initiative with Technological Breakthrough by WWk Lv Samwoh Eco-Green Building Located at 51 Kranji Crescent Singapore *****1 I :,v Mr >"5 «Sn! ■>"? u* V-v E BCA GREEN MARK Highest Accolade for Our Green Efforts BCA GREEN MARK PLATINUM AWARD 2010 n •r Extensive R&D works have been
      278 words

  • Page 33 Advertisements
    • 154 33 We sincerely thank all our Clients and Partners for their strong support through the years. Together we achieve good sustainable design through integrated solutions to build our Sustainable Future. OUR GREENMARK PLATINUM and GOLD PLUS AWARDS this year K< ~/1 A ia X CATERPILLAR I t: mm: awft CATERPILLAR I
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  • Page 34 Advertisements
    • 164 34 A Milestone for a Sustainable Built Environment WR KWAVPARA« 0135 Parkway Parade Managed by Lend Lease Platinum Award BCA GREEN MARK i HI <|E si i 1 em—; V •I <« I I I I I n lnnoVillage@SP Singapore Polytechnic Platinum Award Changi Airport Terminal 3 Managed by Changi Airport
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  • Page 35 Advertisements
    • 200 35 J A A'' A 91 r* Ki Jffi r r r <s YHL <; "i r- Jilt S„| Si» ..E;j;< Si®' vj <i !l Uj ■llli^i....... L Tanglin Trust Senior School Green Mark Gold Award Elliot at the East Coast Green Mark District Award 76 Shenton Green Mark Platinum Award
      200 words

  • SINGAPORE STOCKS
    • 8864 36 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 6 3148 8Telecom 14.5 -0.5 17 14.5 14.5 14.5 15 1.7 12.5 4.7 69.4 10 5.5 5834 A-Sonic 7 +0.5 220
      8,864 words
    • 1634 37 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 6.5 6 7 36.1 6.3 25 13 8538 t APStrategic 19 16 18 112.7 4 0.5
      1,634 words
    • 9432 37 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.07/ APS Alpha Fund (USD)!** 0.76/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.613/ Asian Credit Fund 1.2301/ Asian
      9,432 words
    • 705 37 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 $mil 116 107 6389 ABF SG Bond ETF 116 109.1 114 529.5 883 610 CIMBAsean40 100US$ US775 776 782 31 306 224 DBS STI ETF
      705 words
    • 254 37 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 $mil 56 27 6000 AVJennings A42 35 45 3.6 8.3 3.4 109.4 31 13 6017 Genting HK US$ US17.5 +0.5 1846 17.5 17 17 17.5
      254 words


  • FINANCE & COMMODITIES
    • 365 38 In local curr In S$ In US$ dy yr dy yr dy yr May 25 Index Change Change Change Change Change Change World Index Preliminary 771.0 -2.1 -7.4 -1.5 -10.1 -2.4 -11.1 EAFE Preliminary 707.8 -2.6 -9.8 -2.2 -16.5 -3.1 -17.4 Europe Preliminary 1007.1 -2.6
      365 words
    • 177 38 May 26 Overnight 0.15 0.10 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/4 US$ Offer Bid 7 days 0.45 0.35 1 month 0.55 0.35 2 months 0.63 0.43 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.10 0.90 12 months 1.25 1.05
      177 words
    • 24 38 May 26 S$ Bid Offer 1-month 1.4086 1.4106 2-months 1.4086 1.4106 3-months 1.4086 1.4106 6-months 1.4083 1.4104 Source: OCBC Source: OCBC
      24 words
    • 155 38 May 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 386.0 385.0 386.0 22 Jul 10 365.0 365.0 365.0 8 Aug 10 316.0 315.0 320.0 92 Sep 10 310.0 Oct 10 307.5 Nov 10 305.0 305.0 305.0
      155 words
    • 88 38 May 26 May 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26.08.2010 0.30 1-Year BY*****W 03.05.2011 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.78 5-Year N*****0N 1.375 01.10.2014 101.78 101.83 101.8
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    • 105 38 May 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 930.50 940.50 941.00 927.50 Aug 10 921.00 935.00 934.50 920.25 Sep 10 909.50 922.75 920.00 908.00 Nov 10 903.00 915.50 915.50 900.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.17 37.52 37.49
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    • 77 38 CRUDE OIL PRODUCTS May 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 69.17 -2.11 WTI (Near Mth) 69.03 -1.36 Dubai (1-Mth F) 68.13 -2.38 Tapis blend 73.95 -2.85 Minas 73.30 -2.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 67.33 -3.11 Jet Kerosene 79.45 -1.55 US$/barrel Opec Oil
      77 words
    • 2591 38 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 -0.5 200 1 15 -3 5.43 48 4085 ASJ Hldgs W*****1 3 unch 50 1 4 2.33 21 2036 Advance SCT Ltd W*****9 0.5 1
      2,591 words
    • 132 38 May 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1540 1.1890 Can dollar 1.3120 1.3290 Euro 1.7300 1.7510 NZ dollar 0.9350 0.9550 Sterling pound 2.0220 2.0460 US dollar 1.4040 1.4200 Local dollars to 100 units of foreign
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    • 35 38 May 26 Open High Sett STI May 2696 2696 2696 SIMSCI May 314.1 323.1 320.0 Taiwan May 252.9 256.7 255.6 Source: MF Global (S) Pte. Ltd Source: MF Global (S) Pte. Ltd
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    • 66 38 May 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2505 2517 2544 2505 604 4271 Jul 10 2480 2488 2515 2478 3213 ***** Aug 10 2445 2452 2480 2443 8053 ***** Sep 10 2425 2427
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    • 371 38 May 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.3450 0 1757 Sep10 99.1400 0 832 Dec10 98.9850 0 773 Mar11 98.8650 0 1278 EUROYEN TIBOR FUTURES Jun10 99.6100 99.6150 99.6100 99.6100 42 5541 Sep10 99.6200 99.6200 99.6200 99.6175 0 3019 Dec10 99.6225 0 1461
      371 words
    • 465 38 May 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.886 5.658 0.673 6.462 39.262 77.634 0.748 10.376 2.767 1.238 70.455 38.695 1.168 6.483 0.959 26.749 26.969 0.575 0.828 Canada 1.128 6.384
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    • 85 38 May 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 38 May 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1667 1.1687 0.8283 0.8285 Canadian dollar 1.3163 1.3186 0.9345 0.9348 Euro 1.7347 1.7374 1.2315 1.2317 NZ dollar 0.9422 0.9443 0.6689 0.6694 Sterling pound 2.0288 2.0321 1.4403 1.4406
      154 words
    • 139 38 May 26 GOLD (US$/oz) May 25 May 26 Hong Kong 1191.40 1208.50 May 24 May 25 London 1192.50 1198.65 1193.30 1199.40 Source: Thomson Reuters CAST BAR May 26 (S$) Selling Buying Kilobar "58,780.45" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 373.43 274 10gm 667.68
      139 words
    • 70 38 May 25 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1986.75 2052.50 3 months 2017.00 2084.00 Copper, Grade A (US$/tonne) Cash 6702.00 6885.00 3 months 6730.00 6910.00 Lead (US$/tonne) Cash 1715.75 1801.00 3 months 1745.00 1830.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 77 38 May 25 COCOA (£/tonne) Close Prev High/Low Jul 10 2398 2339 2401/2330 Sep 10 2328 2289 2335/2279 Dec 10 2274 2234 2280/2227 Mar 11 2242 2209 2250/2200 COFFEE (US$/tonne) Close Pev High/Low May 10 1283 1282 1300/1280 Jul 10 1330 unch 1335/1313 Sep 10 1367 1366 1372/1350 SUGAR (US
      77 words

  • BizIT
    • 1192 39  -  Singapore well positioned to be in the forefront of this new technology wave <you say> By STEVE BALLMER The writer is CEO, Microsoft Corp I’M THRILLED to travel to Singapore this week to celebrate Microsoft’s twentieth anniversary in this country. Since we opened
      1,192 words
    • 710 39  -  Steve Ballmer says Singapore plays a strategic role as a regional HQ in pushing businesses and governments towards cloud computing, reports CHAN YU PING CHAN YU PING ANEW suite of productivity tools will give Singapore companies the opportunity to leverage on a smoother flow
      YEN MENG JIIN  -  710 words
    • 322 39  -  By JASLENE PANG WITH their high demand for technology, the two integrated resorts (IRs) are proving to be a veritable bonanza for technology companies based in Singapore. In their latest round of contracts for IT companies, Resorts World Sentosa (RWS) and Marina Bay
      322 words
    • 661 40  -  Salesforce.com chief also says Chatter, a collaboration tool, debuts in June By RAJU CHELLAM SINGAPORE should take the lead in Cloud2 adoption, just as it has taken the lead in areas such as information technology and medical technology. Singapore has the
      ARTHUR LEE  -  661 words
  • Page 39 Advertisements
    • 73 39 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
      73 words

  • Page 40 Advertisements
    • 1708 40 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg VTB Capital VTB Capital pic 31 DECEMBER 2009 Head Office: 14 Cornhill, London, EC3V 3ND Singapore Branch: 9 Battery Road #27-01, Straits Trading Building, Singapore *****0 Consolidated statement of financial position Consolidated income statement for the year VTB Capital pic confers the same
      1,708 words

  • PROPERTY
    • 396 41 Developer plans to build mostly homes on the 25,000 square metre plot Bloomberg [MUMBAI] Asia’s thirdmost expensive office market, sold land for 40.5 billion rupees (S$1.2 billion) in the first successful auction in almost two years. The Mumbai Metropolitan Region Development
      Bloomberg  -  396 words
    • 299 41 Reuters [DUBAI] A new law that defines the rights, responsibilities and obligations of all parties in jointly owned properties in Dubai will comfort investors but will do little to boost demand for properties in the short term, analysts say. Guidelines implementing
      Reuters  -  299 words
    • 1858 41 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 30/04/2010 99 732 1206 1648 One Shenton Apt 03/05/2010
      1,858 words
    • 597 42  -  Kheng Leong seen releasing initial 300 units in preview of The Minton By KALPANA KALPANA RASHIWALA DEVELOPERS are continuing to release projects amid more subdued sentiment in the property market. Kheng Leong group is previewing this week The Minton at Lorong Ah Soo/Hougang St
      KHENG LEONG  -  597 words
    • 524 43 UK mortgage lender sees broad stability in market over six to 12 months Reuters [LONDON] Nationwide, Britain’s largest building society, said it expected broad stability in the housing market over the next six to 12 months, when posting a near halving of full-year profit yesterday. House
      Reuters; BLOOMBERG  -  524 words
    • 217 43 Reuters [LONDON] The number of mortgage approvals for UK house purchases rose an annual 15.5 per cent last month to the highest level this year, industry data showed yesterday. The British Bankers’ Association said that the number of loans approved for house purchase rose to
      Reuters  -  217 words
  • Page 41 Advertisements
    • 268 41 For Sale By Tender 2 Residential Sites near Serangoon MRT Investment 6293 3228 Freehold MP 2008: Zoned 'Residential' at Plot Ratio 3.0 up to 5-storey (1) A row of 6 adjoining, single-sty shophouses Total site area 851.6 sq m (2) A row of 4 adjoining, single-sty shophouses Total site area
      268 words

  • Page 42 Advertisements
    • 554 42 Prime Shophouses For Sale By Tender (1) 19, 20 21 North Canal Road Three adjoining 2-storey conservation shophouses Total site area: 4,240 sq ft (approx.) Leasehold 999 years w.e.f. Aug 1831 (2) 17 North Canal Road A corner 2-storey conservation shophouse Site area: 1,799 sq ft (approx.) Leasehold 999 years
      554 words
    • 292 42 Meier Suites Exclusive Premium Freehold Development r m •A I c-.. p ■f" <r A A r L 55 Exclusive Freehold Suites with 114 Carpark Lots. Nestled in the tranquil enclave of prime district 15 at Margate Road, off Meyer Road. Premium Suites ranging from 1798-2228 sqft, primarily in 3
      292 words

  • Page 43 Advertisements
    • 2448 43 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. Austria Raiffeisen Zentralbank Osterreich AG (RZB Group) (Incorporated in Austria) Consolidated Statement Of Financial Position (in Euro '000) Assets Cash reserve Loans and advances to banks Loans and advances to customers Impairment losses on loans and advances Trading assets Derivatives Financial investments Investments
      2,448 words

  • Page 44 Advertisements
    • 1535 44 ADVERTISING FEATURE Meeting Cabling Challenges of Asia's Best-Run Networks Innovations transform businesses of all sizes, in every industry. Some of history's biggest technological breakthroughs, from the spinning jenny and steam engine to the telephone and the Internet have profoundly impacted organisations worldwide enhancing productivity and opening doors towards greater profitability
      1,535 words