The Business Times, 25 April 2011

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1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, April 25,2011
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  • Article, Illustration
    Lock icon Mah Bow Tan: government is fiscally prudent
    538 1  -  By WINSTON CHAI [SINGAPORE] The government has touched Singapore’s reserves only once and not “for years” as alleged by Workers’ Party (WP) chief Low Thia Khiang, National Development Minister Mah Bow Tan said in a stern rebuttal yesterday. “The government is fiscally prudent.
    LIANHE ZAOBAO  -  538 words
  • Article, Illustration
    Lock icon Taiwan bourse’s foreign push a challenge for SGX
    940 1  -  TWSE chief expects some 15 foreign firms to issue TDRs, 15 foreign firms to launch IPOs this year By LYNETTE KHOO [SINGAPORE] The Taiwan stock exchange (TWSE) is expected to rack up another record year in new listings, as efforts to woo
    BLOOMBERG  -  940 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,194.73 +41.43 KL COMP 1,522.75 +0.81 NIKKEI 225 9,682.21 +90.69 HANG SENG 24,138.31 +130.24 SET INDEX 1,105.29 +20.38 JAKARTA COMP 3,801.08 +70.57
    157 words
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      39 1 HOCK LOCK SIEW Does SGX really need circuit breakers? PAGE Is the global economic recovery really in peril, and if so, what are the key factors that could trigger another downturn? VIEWS FROM THE TOP I PAGES 14 15
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      10 1 DINING OUT New restaurant eschews convention PAGE 25 *****1 *****4
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      102 1 BizIT What powers phones PAGE 32 COMPANIES Sino Techfibre probe takes new turn PAGE 6 v t i PATEK PHILIPPE GENEVE Begin your own tradition. V You never actually own a Patek Philippe. You merely look after it for the next generation. <€>< Cortina watch Singapore Boutiques: The Shoppes at
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      592 2 Taiwan bourse’s foreign push a challenge for SGX THE Taiwan Stock Exchange is expected to rack up another record year in new listings, as efforts to woo foreign-based issuers in overseas roadshows pay off. This may set the stage for more competition with the Singapore Exchange, which has
      592 words
    • Article, Illustration
      Lock icon Volatility looms as investors fret over Fed’s policy meeting
      1081 2  -  WALL STREET INSIGHT By STEPHEN RAPHAEL in New York THE encouraging rally by stocks last week on the back of first-quarter earnings that took many Wall Street analysts by surprise with their top line strength and ability to grow profit margins
      AFP  -  1,081 words
    • Article, Illustration
      Lock icon Japan, China, S Korea to speed up investment pact
      567 2  -  Agreement could lead to signing of trilateral FTA at next month’s summit By ANTHONY ROWLEY in Tokyo TRADE ministers from Japan, China and South Korea meeting in Tokyo yesterday voiced concern at the continuing disruption to regional and global production networks
      AFP  -  567 words
    • Article
      Lock icon Does SGX really need circuit breakers?
      805 4  -  HOCK LOCK SIEW By R SIVANITHY AFTER resisting the idea of having circuit breakers for years, the Singapore Exchange (SGX) has now indicated that it will soon introduce these artificial stops for trading in times of high volatility. The exchange’s decision is likely based
      805 words
    • Article, Illustration
      Lock icon UK dealing with huge debt, deficits problems: minister
      657 4  -  Measures in place include higher value-added tax By LEE U-WEN [SINGAPORE] The numbers don’t make for pretty reading, especially for an economy that is still in the doldrums while many of its competitors are already on the upswing. The UK is borrowing
      AFP  -  657 words
    • Article, Illustration
      Lock icon Gold and silver bugs driven by fear and frenzy
      446 4  -  By IAN CAMPBELL REUTERS BREAKINGVIEWS WORRIED about the eurozone? Buy gold. Worried about the US deficit? Buy gold. Fancy a quick speculative punt? Well, you can’t lose with gold or silver, which has almost trebled in price in just over six
      REUTERS  -  446 words
    • Article
      Lock icon DB Platinum
      11 4 db X-MACRO Trading Index Fund I4D 14/04/11 98,83 GBP
      11 words
    • Article
      Lock icon DB Platinum IV
      3 4
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      115 3 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers
      115 words
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      104 4 LUXURY TOURS TRAVEL PTE LTD a The Leading Operator i'A Established 1985 > > Y^M "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services
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      20 4 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MATS 1 NOTICES A
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      35 4 Your window to the marketplace March/April issue out now! Available at Esso, Shell and SPC petrol stations and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call6388-3838
      35 words
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      202 5 if ®p W MOST POWERFUL STATEMENTS ARE QUIETLY MADE. THE LEXUS LS. The leader sets the standards for others to follow. With so many world firsts, the Lexus LS is that leader. And every leader deserves the highest levels of comfort. There is no better space for thought than in
      202 words
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  • COMPANY NEWS
    • Article
      Lock icon Fire at Sino Techfibre factory destroys records
      443 6  -  Blaze in Shandong facility may further obscure ongoing probe into its books By WINSTON CHAI A FIRE at the China factory of mainboard-listed Sino Techfibre could further obscure an ongoing probe into its books as key financial records have reportedly been destroyed in
      443 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      2487 6 Payment Ex Books Pay Ann (cts) date close date date 8Telecom Intl bn 0.615 03-May 05-May 24-May 08-Apr ABR Hldgs ak 1.000 10-May 12-May 27-May 13-Apr Action Asia ak 1.000 06-May 10-May 20-May 25-Feb Adampak Ltd ak 2.000 09-May 11-May 26-May 02-Mar Adv Integrated Mft an 0.330 20-May
      2,487 words
    • Article
      Lock icon PRIME LENDING RATES
      403 6 Apr 21 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
    • Article, Illustration
      Lock icon Mencast propels itself into the big leagues
      603 6  -  2010 was a record year with a 21% increase in net profit By JOYCE HOOI IN A year where megaships and towering oil rigs have hogged the headlines, it has been easy to overlook the less-sexy elements of the offshore and maritime industry
      MENCAST HOLDINGS LTD  -  603 words
    • Article, Illustration
      Lock icon Tuan Sing in the speculative spotlight
      626 9  -  CCT’s move seen as catalyst for company to redevelop its Market Street assets By VEN SREENIVASAN CAPITACOMMERCIAL Trust (CCT)’s plans to undertake a $1.4 billion redevelopment of its Market Street Car Park (MSCP) has turned the spotlight on Tuan Sing Holdings, which owns Robinson
      CAPITACOMMERCIAL TRUST  -  626 words
    • Article
      Lock icon COMPANY MEETINGS
      422 9 COMPANY MEETING PLACE DATE TIME CWT Ltd A 38 Tanjong Penjuru CWT Logistics Hub 1 Singapore *****9 25-Apr 5.00pm Lion Teck E The Conference Room 10 Arumugam Road, #10-00 Lion Building A, Singapore *****7 25-Apr 9.30am Samudera Ship A Amara Singapore, 165 Tanjong Pagar Rd Function room Connection
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      131 6 The Sustainable Leader by Mr. Robert Swan, OBE To launch the Vitol Industry Speaker Series, we present an empowering presentation by Robert Swan, OBE, one of the world's pre-eminent polar explorers and environmental leaders, and the first person to walk both the North and South Poles. He is driven by
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      683 7 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the re-employment of older employees. Building a globally competitive workforce and a great workplace are MOM's business outcomes in its vision to develop A Great Workforce; A Great Workplace for Singapore. Planning And Getting
      683 words
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  • SINGAPORE MARKETS
    • Article
      Lock icon Gold breaks above US$1,500 while oil gains
      408 8 COMMODITIES AFP [LONDON] Gold prices topped US$1,500 last week for the first time on record due to concerns over rising global inflation and debt levels, while oil advanced in volatile trade. Precious metals: The price of gold hit record highs above US$1,500 as
      AFP  -  408 words
    • Article
      Lock icon Currency futures – effective, easy to use and reliable
      518 8  - Currency futures effective, easy to use and reliable CURRENCIES By THOMAS MCMAHON The writer is chief executive officer of SMX. Visit www.smx.com.sg for more information CURRENCY trading is as old as currency itself, pre-dating fiat money and even precious metals like gold (pre-US dollar as reserve currency). Far from being
      518 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1528 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.73 2.73 11 14.04 8.12 1.32 1.14 Amtek Engineering 1.75 1.75 4 13.81 8.76 1.61 1.21 ARA Asset Mgt 1.75 1.75 4 9.40 18.40 1.87
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Apr 21 VALUE CLOSE BT OB/OS -174.00 +8.00 BT CADI -*****.00 +52.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 775.86 +2.86 FTSE ST Small Cap 559.14 -0.96 FTSE ST All Share 785.11 +5.88 FTSE ST China Top 283.27 +0.45 FTSE ST China 309.23 +1.65 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      62 8 VOLUME Genting SP 459,514,000 Golden Agri 333,995,000 HPH Trust US$ 184,886,000 Dyna-Mac 172,733,000 Tuan Sing 164,945,000 Noble Grp 126,797,000 Cosco Corp 105,990,000 Gallant 105,303,000 ChinaTaisan 100,605,000 Yangzijiang 77,490,000 VALUE($) Genting SP 993,108,832 OCBC Bk 336,791,410 DBS Grp 299,683,456 Noble Grp 280,147,090 Cosco Corp 246,225,764 Keppel Corp 232,062,925
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      Lock icon Expectations of how Wall St will do to drive STI
      608 8  -  STOCKS R SIVANITHY Senior Correspondent LAST week’s column highlighted the likelihood that markets here would once again begin to move ahead of Wall Street. As it turned out, this was indeed the case as the Straits Times Index’s behaviour each
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    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP Lyxor AsiaCS 10US$ 9340 5728.1 98.7 DBXT EONIA 5US$ ***** 2467.8 11.3 DBXT AUDMM 5US$ ***** 1981.4 8.3 GLD 10US$ ***** 390.1 2.2 JMH 4792 251.8 4.4 DBXT Nifty 10US$ ***** 242.0 1.5 DBXT MSKorea 10US$ 6576 223.4 2.8 DBXT AUDMM 5AU$ ***** 147.4 0.6
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN IS S&P500 *****-270.4 -1.6 DBXT S&P Short 10US$ 4197-102.5 -1.9 DBXT FTVietnam 10US$ 3254 -71.6 -1.8 OCBC Bk 4.5%NCPS 100 ***** -40.0 -0.4 DBXT MSINDIA 10US$ 1057 -39.5 -2.9 Pru 500US$ 1174 -37.0 -2.5 STXPO 100 1040 -34.0 -3.2 OCBC Bk 947 -22.0 -2.3 OCBC
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 WEEKLY
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    • Article
      Lock icon Lowest PTB portfolio
      170 10 APRIL 21 BID PRICE VALUE WEEK-ON-WEEK CHANGE Tuan Sing 0.405 6.6 21,060 Hotung Investment 0.170 3.0 8,160 Rickmers Maritime 0.415 2.5 4,150 Hong Fok 0.605 1.7 10,890 QAF 0.645 1.6 16,125 Auric Pacific 0.695 1.5 4,170 Orchard Parade 1.540 1.3 12,320 Allgreen Properties 1.130 0.9 13,560 China
      170 words
    • Article
      Lock icon Biggest upgrades in analysts’ sentiment
      151 10 sentiment VALUE APRIL 21 BID PRICE WEEK-ON-WEEK CHANGE China Taisan 0.180 12.5 7,200 China XLX 0.465 6.9 7,905 Hi-P 1.200 1.7 15,600 Stats Chippac 0.755 1.3 5,285 FSL Trust 0.410 1.2 4,510 Del Monte 0.455 1.1 4,550 Pan-United Corp 0.520 1.0 6,240 Sunvic Chemical 0.765
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    • Article, Illustration
      Lock icon Portfolios hit by Sino Techfibre’s suspension
      452 10  -  TEH HOOI LING Senior Correspondent THE suspension of Sino Techfibre affected five out of our six portfolios. As a result, five of our portfolios ended a tad lower, compared with the 1.3 per cent gain in the Straits Times Index. On average, our portfolios
      452 words
    • Article
      Lock icon Lowest forward PEs
      159 10 APRIL 21 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Taisan 0.180 12.5 7,200 Straits Asia Resources 2.790 8.1 13,950 CWT 1.380 3.0 19,320 China Essence 0.235 2.2 4,935 Ho Bee 1.480 1.4 16,280 China Fishery 1.790 0.0 16,110 China Sky 0.160 0.0 2,720 China Sports 0.085 0.0 2,465
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    • Article
      Lock icon Analysts' top recommendations
      168 10 APRIL 21 BID PRICE VALUE WEEK-ON-WEEK CHANGE Best World 0.260 6.1 5,200 Noble Group 2.260 5.1 24,449 First Resources 1.410 2.9 26,790 The Hour Glass 0.970 2.6 8,730 AIMS AMP I REIT 0.210 2.4 3,150 China Essence 0.235 2.2 4,935 Pacific Shipping Trust 0.463 2.0 9,260 CSE
      168 words
    • Article
      Lock icon One-year top losers
      153 10 APRIL 21 BID PRICE VALUE WEEK-ON-WEEK CHANGE MoyaDayen 0.060 9.1 7,500 Sunshine 0.060 9.1 12,000 Sinostar 0.165 3.1 10,230 Novo Group 0.405 1.3 26,730 Cosco 2.350 0.9 14,100 Advance SCT 0.040 0.0 3,320 Bio-Treat Tech 0.040 0.0 4,000 C&G Industrial 0.160 0.0 12,160 China Auto Electronics 0.110
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    • Article
      Lock icon Highest dividend yields
      170 10 APRIL 21 BID PRICE VALUE WEEK-ON-WEEK CHANGE Silverlake Axis 0.325 4.8 10,725 Poh Tiong Choon Logistic 0.445 3.5 12,905 K1 Ventures 0.155 3.3 3,720 Hotung Investment 0.170 3.0 12,070 CWT 1.380 3.0 16,560 Shanghai Asia 0.185 2.8 7,030 FJ Benjamin 0.375 1.4 9,375 China Merchants (Pacific) 0.660
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    • Article
      Lock icon Buyback activity among listed companies shrinks
      1639 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was low for the first time in the past nine weeks while the selling among directors was flat for the eighth straight week based on filings on the Singapore
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      86 8 HPT Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 CM Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment product(s). Trading in the
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      111 9 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
      111 words
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      120 11 Still no news about your money? It's been five years running, and NTUC Income is still the only insurer to publicly publish our annual yields on life policies. For a simple reason with over 2 million policyholders placing their trust in us, it's our responsibility to be transparent, no matter
      120 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon WP candidate in tears, says family objected
      632 12  -  Unveiled: the MD, social worker, adviser, firm owner, and businessman GENERAL ELECTION 2011 By CHUANG PECK MING THE Workers’ Party’s (WP) new candidate for the coming general election, Watson Chong, broke down yesterday when he told reporters his family objected when they first
      SAMUEL HE/THE STRAITS TIMES  -  632 words
    • Article
      Lock icon Rallies cleared to start from Thurs
      258 12  -  By WINSTON CHAI CANDIDATES contesting in the upcoming general election will be allowed to stage their rallies from April 28 to May 5. According to a statement from the police yesterday, candidates and their election agents can apply to hold outdoor or indoor election
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    • Article
      Lock icon PAP to administer Punggol East with Pasir Ris-Punggol
      361 12  -  By TEH SHI NING PUNGGOL East may have been carved out of Pasir Ris-Punggol group representation constituency (GRC) as a single seat this election, but the People’s Action Party (PAP) said yesterday that it will run the two under the same town
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    • Article
      Lock icon PAP Women’s Wing to recruit more PMETs
      324 12  -  By UMA SHANKARI THE ruling People’s Action Party’s Women’s Wing is looking to recruit more professionals as it aims to boost female participation in Parliament. Women’s Wing chief Lim Hwee Hua said that she would like women to represent a third of Parliament
      324 words
    • Article
      Lock icon GE is about S’pore’s future: PM Lee
      187 12 PRIME Minister Lee Hsien Loong yesterday reminded Singaporeans that the coming general election is about the future of Singapore. He said that in the run-up to polling day, there will be arguments from both sides. But the polls are not about who wins
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  • Page 12 Advertisements
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      1809 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg In The Matter Of The Companies Act, Cap. 50, And In The Matter Of Prima Bulkship Pte. Ltd. (Company No. *****3485K) Statutory Declaration By Directors of Company’s Inability To Continue Business By Reason Of Its Liabilities I, Lim Say Wan of 37 Jalan
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      572 12 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg DBS BANK LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****0306E NOTICE OF CLOSURE OF BOOKS FOR S$800,000,000 4.7% NON-CUMULATIVE PREFERENCE SHARES (“PREFERENCE SHARES”) Notice is hereby given that the Share Transfer Books and Register of Preference Shareholders will be closed
      572 words
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      258 12 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF PARBURY INVESTMENT PTE. LTD. (In Members Voluntary Liquidation) Extracts of Minutes of an Extraordinary General Meeting of the Company on 25 April 2011. SPECIAL RESOLUTION That the company be wound up voluntarily pursuant to Section 209
      258 words
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  • COUNTRY PROFILE: KAZAKHSTAN
    • Article, Illustration
      Lock icon Central Asia’s pot of gold
      859 13  -  Kazakhstan’s approach to economic development will revolve around its economic diversification strategy, reports KELLY TAY reports KELLY TAY KAZAKHSTAN may be situated between two neighbouring economic giants, Russia and China, but the oil-rich young republic is holding its own. Since achieving independence 20 years ago,
      859 words
    • KAZAKHSTAN:AT A GLANCE
      • NOW IS THE TIME TO PROFIT
      • Article, Illustration
        Lock icon FAST FACTS
        57 13 Area: 2.7 million square km Capital: Astana (0.7 million people) Population: 16.4 million people (at 01 Dec 2010) Language: Kazakh is the official language while Russian is the means of inter-ethnic communication. Key Ethnic groups: Kazakh (63.1%), Russian (23.7%) GDP per capita: US$8,842 in 2010 (est.) GDP growth:
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      • Article, Illustration
        Lock icon ASTANA ECONOMIC FORUM HIGHLIGHTS
        143 13 Nobel Laureates, former and current heads of state, academicians, central banks' governors, representatives of business elite and other famous personalities from more than 80 countries in the forum. Sessions on International Monetary System, Foreign investments, Modern Tourism, Regional economic cooperation, TNCs and Growth of SMEs among
        143 words
      • Article, Illustration
        Lock icon Part of the Epic Silk Road
        66 13 South Kazakhstan was a focal point on the epic Silk Road. Goods were exchanged from Europe to China through this ancient system of caravans. The Silk Road was also a highway for religious ideas. Slowly, cities such as Turkestan developed on this route. As
        66 words
      • Article, Illustration
        Lock icon Hodja Ahmed Yasaui Mausoleum
        60 13 An unexcelled masterpiece of medieval architecture, the mausoleum complex of Hodja Ahmed Yassaui, erected in the 14th century in Turkestan, is a sacred place where one of the most prominent Turkic poets, Hodja Ahmed Yassaui is worshipped. The magnificent shrine is an important historical monument of
        60 words
      • Article, Illustration
        Lock icon The Ultimate Skiing Destination
        63 13 Having hosted the 2011 Winter Asian games, Kazakhstan is now attracting skiing enthusiasts from all over the world. There are several skiing resorts, most of them in Almaty A place of crystal clear air and inviting mountain slopes, there are many other adventurous activities lined up
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Hope for the best, prepare for the worst
      3849 14 THIS WEEK’S TOPIC: Is the global economic recovery really in peril, and if so, what are the key factors that could trigger another downturn? How should businesses in this part of the world prepare for such an eventuality? Jean-Michel Dumont Chairman Ruder
      STOCKXCHNG  -  3,849 words
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      55 15 Exclusively At SINGAPORE KUALA LUMPUR JAKARTA BANGKOK PARAGON T: (65) 6333 6663 STARHILL GALLERY T: (603)2141 3131 GALLERIA GRAND HYATT T: (6221 3983 881 O SIAM PARAGON T: (662) 61 O 9883 WWW.YAFRlRO.COM PARMIGIANI HERITAGE IN THE MAKING THE KALPAGRAPH COLLECTION Entirely manufactured in Les Ateliers Parmigiani in Switzerland "*w
      55 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Beginner’s guide to equities
      995 16  -  Knowing the basics of equities is essential to finding order amid the market madness, reports MINDY TAN reports MINDY TAN ‘Ablindfoldedmonkeythrowing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by the experts,” economist and
      STOCK.EXCHNG  -  995 words
    • Article, Illustration
      Lock icon Trading up towards financial freedom
      906 16  -  Kendrick Chia’s advice is to learn the basics and see what you are investing in, reports MINDY TAN STARTING YOUNG reports MINDY TAN ONE could describe 24-year-old Kendrick Chia as a “man on a mission”. The Singapore Management University (SMU) undergraduate, who is pursuing a
      906 words
    • Article
      Lock icon How to invest in real estate
      294 16 ASK DR INVEST Q: I have been working for a few years now and I am very keen to start investing in real estate. Will you be able to provide some advice on this? A: To start investing in real estate, you can invest
      294 words
  • Page 16 Advertisements
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      347 16 Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to start investing, feature
      347 words
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  • ECONOMY WATCH
    • Article
      Lock icon Fed stimulus not working, say economists
      537 17 Estimates show that pace of recovery has flagged since the start of the plan NYT [WASHINGTON] Most Americans are not feeling the benefits of the Federal Reserve’s effort to spur a recovery by purchasing vast quantities of federal debt despite the Fed’s claim that
      NYT  -  537 words
    • Article
      Lock icon US toxic assets investment funds make US$1.7b profit
      331 17 AP [WASHINGTON] The US Treasury Department said last Friday that an investment programme set up during the financial crisis to buy toxic assets from banks is showing a US$1.7 billion gain. The department committed US$22.1 billion in taxpayer funds to the Pub-lic-Private
      AP  -  331 words
    • Article, Illustration
      Lock icon Euro a boon to Germany but not others
      457 17 NYT [NEW YORK] The euro has been very, very good for Germany. Other members of the zone have not fared as well. Since the introduction of the euro at the beginning of 1999, the European Central Bank calculates that Germany has gained
      NYT; BLOOMBERG  -  457 words
    • Article, Illustration
      Lock icon Australia needs to cut spending: Swan
      474 17 Bloomberg [SYDNEY] Australia needs to cut spending because there will not be any repeat of the windfall tax revenue generated between 2004 and 2007 by the mining industry’s previous expansion, Treasurer Wayne Swan said. “We shouldn’t expect to see a repeat of the rivers
      Bloomberg; REUTERS  -  474 words
    • Article
      Lock icon India swap market prices in fastest rate increase
      464 17 Fixed rate climbs 40 basis points this month to 7.81% Bloomberg [NEW DELHI] India’s swap market is pricing in the fastest pace of interest-rate increases among BRICS nations as Standard Chartered plc and Barclays plc raise estimates for the amount of monetary
      Bloomberg  -  464 words
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      335 17 r2 1 SMU Sim Kee Boon Institute for Financial Economics H r J t r I 3 K t i Brought to you by the Sim Kee Boon Institute for Financial Economics Speakers: Alan Bollard Governor, Reserve Bank of New Zealand Charles Goodhart Director, Regulation and Financial Stability Research Programme,
      335 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon E-mail proposal shaky on various counts
      668 18  -  Plan won’t fly unless it’s much more than a cheap postal service MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent IT’S easy to understand why there’s indignation over news that a private company, Tricubes, has been assigned the rights to create a secure e-mail system the
      668 words
    • Article
      Lock icon Japan quake delays Axis Global Reit IPO
      431 18 Reuters [KUALA LUMPUR] The listing of Malaysia’s Axis Global Industrial real estate investment trust (Reit), the world’s largest syariahcompliant Reit, has been pushed back by about a month after two of its Japanese assets were damaged by the March earthquake, according to a
      Reuters  -  431 words
    • Article
      Lock icon Indonesian legislature’s erratic performance draws flak
      800 18 Reuters [JAKARTA] For anyone interested in the state of democracy in Indonesia, a look at recent headlines is instructive: a lawmaker caught watching porn in parliament, 15 politicians indicted for graft and parties more interested in overseas jaunts than passing laws. Indonesia is an
      Reuters  -  800 words
    • Article
      Lock icon BURSA MALAYSIA
      1919 18 VOL Apr 22 RM +/-(‘000) A M Realty 0.51 unch 20 Abric Bhd 0.32 unch 0 Advance Synerg 0.26 -0.01 1384 Adventa Bhd 2.28 unch 77 Ae Multi Hldgs 0.32 unch 227 Affin Holdings 3.48 -0.04 58 Ahmad Zaki Res 0.89 -0.02 130 Aic Corp 1.20 0.11 0
      1,919 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      120 18 THE SME MAGAZINE PRESENTS BUSINESSRECOVERY WHEN MARKET CONDITIONS CHANGE Chia Kim Piow Chairman Managing Director Rotary Engineering Limited, Businessman of the Year Singapore Business Awards TheSingaporeBusinessAwardsBusinessmanoftheYearand Enterprise winner will share with SMEs how to react to changing market conditions brought about by unforeseen circumstances. The recent Japanese experience with natural
      120 words
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      Lock icon Page 19 Advertisements Column 1
      2637 19 VOLUNTARY CONDITIONAL CASH OFFER by NEUTRONICS LIMITED (Company Registration No. *****0) (Incorporated in the Cayman Islands) to acquire all the issued and paid-up ordinary shares in the capital of NESTRONICS LTD. (Company Registration No. *****0191E) (Incorporated in Singapore) This Announcement has been prepared with the assistance of KELVIN CHIA PARTNERSHIP
      2,637 words
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      Lock icon Page 19 Advertisements Column 2
      3014 19 (iv) The Offeror may not make, declare or pay any dividend or other distribution (whether or not in cash) unless NILE receives at the same time a payment attributable to the number of Shares which NILE should be entitled to receive if the Warrants have been exercised in full on
      3,014 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s dreams of two-digit growth fade
      568 20 High inflation, slow progress on reforms, uncertain global outlook to blame AFP [NEW DELHI] India’s dreams of attaining doubledigit economic growth within the next few years are fading, undermined by high inflation, slow progress on reforms and an uncertain global outlook. The ruling Congress
      AFP; BLOOMBERG  -  568 words
    • Article
      Lock icon China fuel demand will plateau
      594 20 Demand in terms of absolute volume will remain stable Reuters [BEIJING] China’s demand for its three main refined fuels diesel, petrol and kerosene will plateau at firstquarter levels for the rest of 2011, China’s National Energy Administration (NEA) said. It predicted that year-on-year growth in
      Reuters  -  594 words
    • Article
      Lock icon India still counting costs of fallout from fake pilot scandal
      680 20 NYT [NEW DELHI] More than a dozen commercial pilots in India have been stripped of their licences and a top airline safety official has been suspended after a government investigation uncovered widespread fraud and corruption in the booming aviation industry.
      NYT  -  680 words
    • Article, Illustration
      Lock icon Sai Baba dies at 84
      497 20 Bloomberg [BANGALORE] Sathya Sai Baba, an Indian spiritual guru for whom Hard Rock Café founder Isaac Tigrett sold his stake in the restaurant chain, has died. He was 84. The saffron-robed preacher who sported afro-style hair reminiscent of rock musician Jimi Hendrix, died in the
      Bloomberg; AP  -  497 words
    • Article
      Lock icon Shanghai cuts port fees after truck drivers protest
      357 20 Bloomberg [SHANGHAI] Shanghai container truck drivers were reported to have won cuts in port fees after a sometimes violent protest against rising costs highlighted the risk of inflation triggering unrest in the world’s most populous nation. The local government will lower or
      Bloomberg  -  357 words
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  • WORLD
    • Article
      Lock icon US debt default could be disastrous
      814 21 Debt ceiling will be hit on or around May 16, says the Treasury Dept AP [WASHINGTON] The US has never defaulted on its debt, and Democrats and Republicans say that they do not want it to happen now. But with partisan acrimony running at
      AP  -  814 words
    • Article, Illustration
      Lock icon Obama facing uphill battle in re-election bid
      699 21 Reuters [WASHINGTON] Just when it seemed that the US economy was turning the corner, back it comes again to haunt President Barack Obama as he begins his 2012 re-election campaign. Mr Obama is now facing Americans in a sour mood, as high petrol
      Reuters  -  699 words
    • Article, Illustration
      Lock icon Portugal 2010 budget deficit revised higher to 9.1% of GDP
      322 21 Reuters AP [LISBON] Portugal’s budget deficit for 2010 has been revised higher to 9.1 per cent of gross domestic product, raising pressure on the caretaker government as it negotiates the terms of a bailout likely to reach 80 billion euros
      Reuters; AP; REUTERS  -  322 words
    • Article
      Lock icon Syria security forces round up opponents
      498 21 Students call for strike, 2 MPs resign after crackdown AFP Reuters [DAMASCUS] Security forces raided homes across Syria and arrested regime opponents, activists said, as protesters kept up pressure on President Bashar al-Assad yesterday even after a bloody crackdown. Students called for a strike
      AFP; Reuters  -  498 words
    • Article, Illustration
      Lock icon Yemeni protesters demand immediate Saleh exit
      435 21 AFP Bloomberg [SANAA] Yemen protesters yesterday demanded the immediate departure of President Ali Abdullah Saleh, rejecting a move by his ruling party to accept a plan for him to quit in 30 days. Mr Saleh’s General People’s Congress (GPC) party said late on Saturday
      AFP; Bloomberg  -  435 words
    • Article
      Lock icon Financial crisis looms large for European banks
      666 22 US showing does not inspire optimism for European earnings season Reuters [NEW YORK] As the US bank earnings season winds down and European earnings season gears up, it is clear the financial crisis is casting a long shadow over the sector. Many of
      Reuters  -  666 words
    • Article, Illustration
      Lock icon Foreign investors eye Vietnam’s long-term promise
      555 22 Growing population now a ferocious consumer force [HANOI] Despite Vietnam’s persistent economic woes, a record deal this month has shown that foreign investors are still lured to the frontier market by its young, growing population and rising disposable income. The sealing of the communist
      REUTERS  -  555 words
    • Article, Illustration
      Lock icon Risk of major radiation recedes: Japan official
      514 22 AFP [TOKYO] The Japanese prime minister’s special adviser on the nuclear crisis says that the immediate risk of a major radiation leak from the Fukushima power plant has receded, the Wall Street Journal reported. The government could not say that the situation had
      AFP  -  514 words
    • Article, Illustration
      Lock icon Swatch rushes to add capacity to meet demand
      553 22 AP [BASEL, Switzerland] Nick Hayek, the chief executive of the Swatch Group, is facing a problem that many of his corporate counterparts might envy: He’s doing too much business. Swatch, the world’s largest watchmaker, is rushing to add factory capacity so that
      AP; REUTERS  -  553 words
    • Article
      Lock icon Citigroup more than just a survivor: CEO Pandit
      568 22 He is shedding businesses and hiring staff to overhaul key units Reuters [NEW YORK] Citigroup Inc can be more than just a survivor of the financial crisis, chief executive officer Vikram Pandit has said. “We have come a long way, and we
      Reuters  -  568 words
    • Article, Illustration
      Lock icon Berlin backs Italian in ECB chief bid: reports
      671 23 Mr Draghi is the next best option after German central bank head resigned AFP [BERLIN] Germany appears to be coming round to the idea of a former Goldman Sachs executive from Italy as Europe’s top banker, having failed to install its own
      AFP  -  671 words
    • Article, Illustration
      Lock icon Coast Guard slams Transocean for poor safety culture
      632 23 Bad maintenance, inadequate training for crew criticised AFP [WASHINGTON] The US Coast Guard slammed drilling rig operator Transocean’s “poor safety culture” in a report last Friday on the massive explosion and fire that unleashed the biggest maritime oil spill in history. Poor
      AFP; PHOTOS; AP, REUTERS  -  632 words
    • Article
      Lock icon Oil majors look to Barents Sea for the future
      488 23 AFP [OSLO] The oil and gas majors are looking to the promise of the Barents Sea, attracted by Norway’s political stability against a backdrop of unrest in the Middle East and falling North Sea output. Of 24 offshore oil and gas
      AFP  -  488 words
    • Article, Illustration
      Lock icon Coca-Cola comes under fire for BPA in cans
      517 23 NYT [ATLANTA] It’s about as inconspicuous as a ubiquitous chemical can be: It coats the insides of soft drink cans, a barrier against spoilage and contamination. But to some critics, Bisphenol-A (BPA) is itself the health risk. Now, a group of Coca-Cola
      NYT; REUTERS  -  517 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Baltic index falls for 18th day on surging ship supply
      409 24 Expected rise in Q2 China ore imports seen giving modest support to rates Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell for an 18th straight session on Thursday as mounting vessel
      Reuters  -  409 words
    • Article, Illustration
      Lock icon F-35’s next challenge is cutting costs
      558 24 Reuters [WASHINGTON] The Pentagon’s next challenge in the US$382 billion Lockheed Martin Corp F-35 fighter programme will be cutting longer-term operating and maintenance costs, and keeping unit production costs low. Vice-Admiral David Venlet, who runs the programme, said that a major restructuring of the
      Reuters; REUTERS  -  558 words
    • Article
      Lock icon Middle East unrest boosts business for charter operators
      342 24 Bloomberg [DUBAI] Business jet operators say that Middle East demand has jumped as much as sixfold as political unrest prompted companies and wealthy individuals to flee trouble zones. Abu Dhabi-based charter carrier Al Jaber Aviation has added 500 per cent more flights
      Bloomberg  -  342 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3261 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1245 EY473 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835 1525 Athens
      3,261 words
    • Article
      Lock icon Abidjan port re-opens, but it’s not business as usual yet
      452 24 Reuters [ABIDJAN, Ivory Coast] The port of Abidjan is undamaged and open for business after Ivory Coast’s post-elec-tion conflict, but trade volumes will not pick up until security and financing improve, the head of the port told Reuters. Sie Hien,
      Reuters  -  452 words
    • Article
      Lock icon TRANSPORT ST0CKS
      276 24 SGX '000 Apr 21 S$ +/-Vol CH Offshore 0.45 unch 75 Chuan Hup Hldg 0.23 0.01 127 Cosco Corp 2.35 unch ***** CWT Ltd 1.38 -0.01 2032 Ezra Hldgs 1.70 unch 4112 First Ship Lea 0.42 0.01 1699 Freight Links 0.07 unch 630 Grand Banks 0.43 0.03 4
      276 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      296 24 CRYPTIC CROSSWORD Across 1 Secret hide close to nest (6) 4 Untidy writing from last in class, creep (6) 8 Deficit admitted by company, American organisation that’s hugely powerful (8) 10 Arrogant if winning sympathy (6) 11 America is a revolutionary part of the world (4) 12 Reprimanded, then became
      296 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Best of both worlds
      865 25  -  NEW RESTAURANT By Geoffrey Eu Table at 7 7 Mohamed Sultan Road Tel: 6836-6362 www.tableat7.com RUDYARD Kipling wrote that East is East and West is West and never the twain shall meet but then he never got to eat at Table at 7, a new restaurant
      865 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      307 25 Tuck into THEGREAT outoockCHARITY CEO Feast on great hawker fare prepared personally by S'pore's top bosses Feel good because all proceeds go to charity When: Every Friday (7-9pm) Where: Food Republic Beer Garden at St James Power Station thenewpaper ,";!\=,(\,'!=)+*]_}|=\>_)@/%*%> u VoUt Surprise Your Secretary With A Trea It's time
      307 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8816 26 Week ended: Apr 21 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5cd unch 382 17.5 17.5 17 18 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7cd -0.5 217 7.5
      8,816 words
    • Article
      Lock icon SGX CATALIST
      1719 27 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4 -0.5 500 4 4 4 4.5 19 3.9 220 145 t APStrategic 170 160 174 100.9 1.5 0.5
      1,719 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 27 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.840 +0.020 CapitaLand 3.450 +0.040 CapitaMall 1.880 +0.020 CityDev 11.860 +0.260 ComfortDelGro 1.550 +0.010 DBS Grp 14.940 +0.200 F&N 6.270 -0.010 GLP 1.960 -0.010 Genting SP 2.210 +0.030 Golden Agri 0.680 -0.015 HK
      114 words
    • Article
      Lock icon STOCKS ASIA
      2633 27 Transaction date: Apr 21 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.30 -0.05 94 Aeon Stores 16.14 unch 0 Angang Steel 10.60 0.06 ***** Anhui Conch 54.55 2.50 ***** Anhuiexpresswa 6.50 -0.09 1164 Asia Satellite 16.60 unch 4 Asm Pacific 99.55 2.00 331 Bank Of E Asia 32.80
      2,633 words
    • Article
      Lock icon GLOBALQUOTE
      241 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53 50 53 3.6 6.6 4.2 138 55 16 Genting HK US$ US44 +1 ***** 44.5 42.5 43.5 44 2897.2 21 10 Over&Gen A14
      241 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 3 0 0 0 8 7 3 Manufacturing 69 80 72 6 12 19 75 92 91 Commerce 21 23 30 6 3 7 27 26 37 Tpt/Stor/Comms 17 21 9
      186 words
    • Article
      Lock icon SGX ETF
      899 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112 +1 71 112 110 112 113 511.3 1075 761 CIMBAsean40 100US$ US1060 -13 17 1068 1039 1050 1065 42.4
      899 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 319,186 319,186 455,961 455,961 Manufacturing 998,681 63,379 1,062,060 900,272 5,158 905,430 Commerce 336,845 29,057 365,902 522,007 7,086 529,093 Tpt/Stor/Comms 683,769 51,099 734,868 1,163,555 5,235 1,168,790 Finance 108,668 14 108,682 1,011,463 2 1,011,465 Construction 146,908 4,315
      123 words
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      Lock icon Page 27 Advertisements Column 1
      26 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Apr 22 Index Change Change Change Change Change Change World Index Preliminary 930.8 0.0 3.7 0.0 2.4 0.0 6.3 EAFE Preliminary 806.9 0.0 0.7 0.0 2.0 0.0 5.9 Europe Preliminary 1200.8 0.0
      374 words
    • Article
      Lock icon INTERBANK RATES
      179 28 Apr 21 Apr 21 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.125 US$ Offer Bid 7 days 0.23 0.13 1 month 0.33 0.23 2 months 0.38 0.28 3 months 0.42 0.32 6 months 0.52 0.42 9 months 0.75
      179 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Apr 21 S$ Bid Offer 1-month 1.2345 1.2348 2-months 1.2344 1.2348 3-months 1.2344 1.2347 6-months 1.2341 1.2344 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      181 28 Apr 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 578.0 578.0 578.0 5 116 Jun 11 568.0 568.0 568.0 4 157 Jul 11 553.7 132 Aug 11 545.0 545.0 545.0 5 47 Sep 11 535.0 535.0
      181 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 28 Apr 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 21.07.2011 0.25 1-Year BY*****N 01.11.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.19 102.25 102.22 5-Year N*****0W 1.125 01.04.2016 99.94 10-Year NY*****N
      79 words
    • Article
      Lock icon CHICAGO BOT
      107 28 Apr 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1380.50 1357.75 1382.00 1351.75 Jul 11 1389.75 1369.25 1392.25 1363.00 Aug 11 1389.50 1371.25 1391.75 1367.25 Sep 11 1385.25 1368.25 1386.75 1364.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 58.27
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Apr 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.64 unch WTI (Near Mth) 110.77 unch Dubai (1-Mth F) 117.20 1.27 Tapis blend 131.58 1.37 Minas 127.98 1.37 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.39 2.72 Jet Kerosene 139.65 1.95 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 Apr 21 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.37 1.293 Can dollar 1.326 1.275 Euro 1.832 1.762 Sterling pound 2.068 1.989 NZ dollar 1.016 0.968 US dollar 1.256 1.208 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 28 Apr 22 Open High Sett STI Apr SIMSCI Apr 376.3 377.2 Taiwan Apr 318.6 319.5 318.3 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 Apr 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 7.012 0.735 8.361 47.676 92.776 0.883 11.608 3.235 1.342 90.748 46.450 1.328 7.261 0.949 31.082 32.163 0.652 1.076 Canada 0.981 6.877
      464 words
    • Article
      Lock icon SIBOR
      85 28 Apr 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Apr 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3278 1.3288 1.0756 1.0761 Canadian dollar 1.3024 1.3029 1.0550 1.0552 Euro 1.8058 1.8069 1.4628 1.4633 NZ dollar 0.9892 0.9897 0.8013 0.8015 Sterling pound 2.0377 2.0383 1.6506 1.6507
      154 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2853 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 22.5 -0.5 333 1 10 -12 1.64 55 Asia-Pacific Strategic W*****6 24 1 150 2 7.08 37 ASJ Hldgs W*****1 1.5 1 4 22 3.00 10 AlliedTech W*****2
      2,853 words
    • Article
      Lock icon PRECIOUS METALS
      141 28 Apr 21 GOLD (US$/oz) Apr 20 Apr 21 Hong Kong 1502.20 1508.00 Apr 21 Apr 20 London 1503.65 1503.61 1504.45 1504.38 Source: Thomson Reuters CAST BAR Apr 21 (S$) Selling Buying Kilobar 64,218.19 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 408 300 10gm 730
      141 words
    • Article
      Lock icon LONDON METALS
      70 28 Apr 21 Apr Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2734.00 2718.00 3 months 2745.00 2730.00 Copper, Grade A (US$/tonne) Cash 9681.50 9555.25 3 months 9705.00 9580.00 Lead (US$/tonne) Cash 2635.00 2646.00 3 months 2601.00 2612.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      82 28 Apr 21 COCOA (£/tonne) Close Prev High/Low May 11 1874 1912 1916/1871 Jul 11 1890 1922 1918/1887 Sep 11 1908 1937 1934/1905 Dec 11 1925 1957 1951/1922 COFFEE (US$/tonne) Close Prev High/Low May 11 2408 2454 2449/2400 Jul 11 2435 2482 2475/2406 Sep 11 2456 2501 2495/2423 Nov 11
      82 words
    • Article
      Lock icon PALM OIL
      65 28 Apr 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3367 3405 3410 3367 717 8001 Jun 11 3335 3386 3390 3334 937 ***** Jul 11 3317 3370 3375 3316 ***** ***** Aug 11 3311 3361
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      442 28 Apr 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6950 0 3360 Sep11 99.6350 0 2257 Dec11 99.5250 0 1078 Mar12 99.3400 0 5376 EUROYEN TIBOR FUTURES Jun11 99.6750 99.6750 99.6750 99.6750 0 5403 Sep11 99.6725 1 1533 Dec11 99.6750 99.6750 99.6750 99.6650 0 1991
      442 words
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  • Article
    Lock icon SHIPPING TIMES
    5375 29 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam
    5,375 words
  • Page 29 Advertisements
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      45 30 THE BUSINESS TIMES TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 THE BUSINESS TIMES SHIPPING TIMES
      45 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      228 31 EMERSON Network Power Turn your data center from... CLOUD f m RISKY to CLOUD READY Look out for the 4 vital steps to preparing your IT infrastructure. Cloud Risky is... not being completely confident your data center is prepared for all the stresses and strains of your upcoming cloud applications.
      228 words
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon HCL Technologies ups investments in S’pore
      331 31  -  Indian software exporter has added 150 more staff here in last three months By REBECCA LIU [SINGAPORE] India’s fourth-largest software exporter HCL Technologies has added 150 more employees to its Singapore base in the last three months as regional sales soar for the fourth
      331 words
    • <what’s up>
      • Article
        Lock icon Ri universal remote control
        41 31 LOCAL firm, Relish International, has released a plug-in for iPhones and iPads to turn them into universal remote controls. The Ri retails for US$39.99 directly from the developer and works with a free application downloadable from Apple.
        41 words
      • Article
        Lock icon Nokia adds two new phones
        36 31 NOKIA has announced two new smartphone products, the E6 and X7. The Symbian-based phones contain an updated operating system and features such as eight megapixel cameras and bright, high resolution displays.
        36 words
      • Article
        Lock icon New mobility lead for SAP
        41 31 SAP has appointed Kip Cole as mobility lead over the Asia-Pacific and Japan region. Mr Cole moves into his newly-created role from senior roles with Cisco Systems in Australia and New Zealand (ANZ) and BCO Innovations.
        41 words
      • Article
        Lock icon Brocade appoints sales director
        38 31 BROCADE has appointed Adrian Low as its Asia-Pacific application delivery products sales director for APAC. Based in Singapore, Mr Low was previously regional operations head and technology marketing director for Asia-Pacific at CommVerge Solutions.
        38 words
      • Article
        Lock icon Robert Yang leads sales at Acronis
        38 31  -  Compiled by VICTORIA HO STORAGE provider, Acronis, has appointed Robert Yang as vicepresident of sales for Asia, overseeing business direction focusing on the small and medium business (SMB) space in the region.
        38 words
    • Article
      Lock icon Why Asia must seize the IPv6 initiative
      737 31  -  &lt;you say&gt; By PAUL WILSON The writer is the director-general of the Asia-Pacific Network Information Centre IT is barely past the first quarter of the calendar year and 2011 is already shaping up to be a year of milestones in the ongoing history
      737 words
    • Article, Illustration
      Lock icon It’s what’s inside that counts
      689 32  -  More customers are realising a phone’s capabilities are tied to the chip that powers it, reports VICTORIA HO reports VICTORIA HO MANY people are familiar with the “Intel Inside” PC branding of the 90s, but are you familiar with what’s powering your phone? Dan Novak,
      689 words
    • Article
      Lock icon S’pore-made royal wedding app a hit with UK consumers
      265 32  -  By MAXIE AW YEONG [SINGAPORE] The royal wedding may be taking place at the famed Westminster Abbey in the UK, but British consumers are instead ringing up a Singapore-made application to get in on the action, virtually. Kate and Wills: Road
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      11 32 &lt;you say&gt; Why Asia must seize the IPv6 initiative PAGE 31
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