The Business Times, 26 April 2011

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Microfilm: NL31314
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, April 26,2011
    23 words
  • Article
    Lock icon Analysts flag risk as home supply builds up
    1065 1  -  Overall rise in URA private home price, rental indices slows even as supply pipeline swells By KALPANA RASHIWALA [SINGAPORE] The number of private homes in the pipeline has never been higher. And it is poised to climb even further with the Government
    1,065 words
  • Article
    Lock icon Nissan follows Toyota into the slow lane
    688 1  -  Steep drop in production and exports; uncertain future lies ahead By in ANTHONY ROWLEY in Tokyo THE impact on business of Japan’s March 11 triple disasters earthquake, tsunami and nuclear crisis began to emerge yesterday as the nation’s second biggest carmaker, Nissan, followed
    688 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 H ST INDEX 3,187.72 (-7.01) H ST INDEX FUTURES 3,182.00 (-1.00) H SIMSCI 377.32 (-0.82) H SIMSCI FUTURES 376.10 (-0.20) FOREX US$ S$ US$ (S$ per US$) 1.234 (US$/S$ per 1.652 2.038 EURO (US$/S$/E) 1.458 1.798 Foreign currency per US$ S$ YEN 82.10 66.60 RM 2.993 2.426 HK$
    144 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      591 2 Analysts flag risk as home supply builds up THE number of private homes in the pipeline has never been higher. And it is poised to climb even further with the Government Land Sales Programme recently rolling out a large supply. As at the end of Q1 2011, there
      591 words
    • Article, Illustration
      Lock icon Ex-chief of defence force to succeed Widdows at NOL
      488 2  -  Ng Yat Chung to join the board in May, take the helm in January next year By JOYCE HOOI [SINGAPORE] Ron Widdows, the shipping veteran at the helm of Neptune Orient Lines Group (NOL), will be replaced by former defence chief
      FILE PHOTOS  -  488 words
    • Article
      Lock icon It’s crunch time for the Fed: to keep spending or not
      458 2 AFP [WASHINGTON] It’s decision time for the Federal Reserve. The central bank’s top policy panel is scheduled to convene in Washington today and tomorrow to decide if the recovery can make do with less Fed help. Concretely, the seven
      AFP  -  458 words
    • Article, Illustration
      Lock icon China plans funds to manage forex reserves
      358 2 Bloomberg [BEIJING] China’s central bank plans to set up new funds that will invest some of the nation’s more than US$3 trillion of foreign-ex-change reserves in areas including energy and precious metals, Century Weekly magazine reported. The People’s Bank of China is also
      Bloomberg; BLOOMBERG  -  358 words
    • Article
      Lock icon Don’t risk what we have achieved, MM urges voters
      577 4  -  Today’s S’pore is no fluke, but the result of careful planning by earlier leaders By TEH SHI NING [SINGAPORE] Minister Mentor Lee Kuan Yew had “one simple message” for Singaporeans yesterday: “look at the fundamentals” and “not rock the foundation”. In
      577 words
    • Article, Illustration
      Lock icon Resale HDB flat prices up 1.6% in Q1
      598 4  -  By EMILYN YAP [SINGAPORE] Resale prices of public housing rose by a smaller extent in the first quarter of the year as the median cash premium fell and the number of resale transactions shrank. To further meet demand for flats, the Housing
      598 words
    • Article, Illustration
      Lock icon Face of scandal-tainted Delhi Games arrested
      589 4 AFP Reuters [NEW DELHI] Indian police yesterday arrested the chief organiser of the 2010 Delhi Commonwealth Games and are set to charge him after a probe into allegations of widespread corruption at the scandal-tainted event. Suresh Kalmadi is slated to be “produced before a
      AFP; Reuters  -  589 words
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      176 2 P NANYANG XT A XTV A XTr TECHNOLOGICAL NANYANG UNIVERSITY EXECUTIVE Nanyang Business School PROGRAMMES Expand. Enhance. Excel. Management Development Programme Nanyang Global Gtr egy. A PP icatinr The only constant is change. And with an everchanging global economy come challenges that require more than just time-tested solutions and concepts
      176 words
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      249 3 §k I Hi JS! 0/M m m s>. V m m 9 W 7\ v iim t: > i "V •y. »a V Tmrrr -sj'-'z*. '"is." ?TJ:.aa v >■- •V s; «\s "V su ■VI K'.ljw 4* )*>W VJt u5 3^ K «V C7 KNOWING THERE'S NOTHING MORE PRECIOUS THAN
      249 words
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      838 4 Invest your money with someone you can trust. Yourself. /fmGO One of Singapore's largest institutional leverage FX FX brokerage is now open to all investors online. Zero commission As low as 1 pip bid/offer spreads Receive live streaming interbank FX prices from the interbank market Microlots of 5,000 units available
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      527 4 CU'Ll THE AEROSPACE SUPPLY U SHOW OF CHOICE PACE AER 77i« 9 upplie Meet and do Business with only the Best in Aerospace Suppliers 2 7 29 April 2011 Sands Expo and Convention Center, Level 4 Marina Bay Sands, Singapore www.AeroSupplierX.com Aerospace Supplier exchange [ASX] 2011, is a regional conference
      527 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CMA shares fall on lacklustre Q1 results
      761 5  -  Traders say stock could also be hit by upcoming listing of Perennial China trust HOT STOCKS By MICHELLE TAN SHARES of CapitaMalls Asia (CMA) took a hit yesterday after it posted disappointing first-quarter results. The selling pressure could also be caused by investors
      FILE PHOTO  -  761 words
    • Article
      Lock icon STX OSV dives 4% on 20% stake sale plan
      383 5  -  Investors said to be concerned over sale price By JOYCE HOOI STX OSV Holdings’ share price plunged 4.1 per cent yesterday on news that the STX Group is planning to sell a 20 per cent stake, worth 260 billion Korean won
      383 words
    • Article
      Lock icon 2 currency pair futures contract trading on SMX
      227 5  -  By JAMIE JAMIE LEE THE Singapore Mercantile Exchange (SMX) will offer the trading of two currency pair AUD-USD and USD-JPY futures contracts from Friday. The contract sizes will be A$25,000 and US$25,000 for the AUD-USD and USD-JPY pairs respectively, SMX said in
      227 words
    • Article
      Lock icon SIAS looks into plight over Profitable Plot
      483 7  -  Meeting open to shareholders who are SIAS members By MICHELLE QUAH THE Securities Investors Association of Singapore (Sias) will be meeting disgruntled investors of Profitable Plot next month “to understand their plight”. The unhappiness that some investors have had with the investment firm
      483 words
    • Article
      Lock icon GE’s Tan Hak Leh moving to AIA as CEO for S’pore
      304 7  -  By GENEVIEVE CUA GREAT Eastern Holdings Ltd will be losing its chief executive Tan Hak Leh to AIA, in the latest round of musical chairs between the two insurance groups. The firms yesterday announced Mr Tan’s departure. He will
      304 words
    • Article
      Lock icon China Sunsine Q1 profit slumps 57%
      257 7  -  By LYNN KAN CHINA Sunsine Chemical Holdings’ first-quarter net profit has plunged 57 per cent to 13 million yuan (S$2.45 million), from 30.4 million yuan a year earlier. The loss was due to a one-time 18.3 million yuan impairment loss incurred when production lines
      257 words
    • Article
      Lock icon Wilmar fights back in suit by Pacific Inter-Link
      559 7  -  Wilmar demands immediate discontinuance of suit by PIL By FELDA CHAY A LEGAL battle is brewing for palm oil giant Wilmar International, whose subsidiary Wilmar Trading Pte Ltd (WTPL) and three Malaysian firms are being sued by Malaysia-based palm oil exporting firm
      559 words
    • Article, Illustration
      Lock icon GLP to tap up to 3b yuan through fixed rate notes
      394 8  -  Group’s offering follows Singamas’s sale of 1.38b yuan of bonds the first by S’pore company By FELDA CHAY GLOBAL Logistic Properties (GLP) is tapping into the burgeoning offshore yuan market with a plan to offer as much as three
      BLOOMBERG FILE PHOTO  -  394 words
    • Article
      Lock icon Samudera back in the black for Q1
      385 8  -  By LYNN KAN SAMUDERA Shipping Line has climbed back out of the red, posting a slim US$7,000 in profit attributable to equity holders of the group in its first quarter that ended March 31. This compares to a loss of US$1.5 million last
      385 words
    • Article
      Lock icon The Think Env acquires Belvedere Assets
      463 8  -  It pays US$1.15m for the Philippine gold-mining firm By FELDA CHAY GOLD mining aspirant The Think Environmental Co (TTEC) has clinched another gold-mining asset, this time in the Philippines. The renewable energy turned mining firm said yesterday that it has acquired Belvedere Assets Inc
      463 words
    • Article
      Lock icon At a glance
      317 8 Q1 results ended March 2011 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Keppel Corp 346.22 321.32 7.8 2,418.56 2,420.93 -0.1 2 CM Prop 108.05 74.06 45.9 545.05 466.38 16.9 3 Keppel Land 92.07 63.27 45.5 357.89 106.48 236.1 4 CapitaMall Trust 82.73
      317 words
    • Article
      Lock icon SCM clinches $20m LNG tanker conversion deal
      232 8  -  By JOYCE HOOI SEMBCORP Marine’s (SCM) Jurong Shipyard has won a $20 million deal from Golar LNG Energy to convert a liquefied natural gas (LNG) tanker into a floating storage and regasification unit (FSRU). The FSRU will become Indonesia’s first LNG regasification terminal,
      232 words
    • COMPANY BRIEFS
      • Article
        Lock icon Tee International wins two contracts
        90 8 TEE International said that it has clinched two new contracts worth $11 million, boosting its order book to $298.1 million for its engineering segment. The two new contracts were awarded by Citibank NA Singapore. One, worth $8.99 million, was for the the proposed Citi-Plan Office
        90 words
      • Article
        Lock icon Thakral unit invests in SPV
        135 8 IN a move aimed at creating a second revenue stream from real estate investment opportunities, Thakral Corporation’s indirect wholly owned subsidiary, Hanbest, is investing in a special purpose vehicle (SPV) wholly owned by Australia-based developer Sakkara. Sakkara is developing an 85-apartment residential project called Emerant
        135 words
      • Article
        Lock icon ComfortDelGro acquires driving school site
        74 8 COMFORTDELGRO Corporation has acquired a new site in which to set up a third driving school in China. Measuring 44,693 square metres, Chongqing Liangjiang ComfortDelGro Driver Training Co Ltd is located in the Liangjiang New Business District a new economic development hub for the manufacturing,
        74 words
      • Article
        Lock icon Adroit Innovations in the black in Q1
        91 8 ADROIT Innovations reported that it has returned to the black for the first quarter ended March 31, 2011. The IT-related company generated a net profit of $3.89 million for the quarter compared to a net loss of $3,000 a year ago. Revenue grew
        91 words
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      332 5 AS ONE WE DESIGN YOUR INVESTMENT OPPORTUNITIES ACROSS ASSETS WITH OUR GLOBAL TEAMS GLOBAL MARKETS Each client has different strategies and objectives. Thanks to our complementary skills, we will have a smarter understanding of your issues. With Societe Generale Corporate Investment Banking, we bring you our analysts’ expertise and a
      332 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks weaken as gold, silver soar
      583 6  -  Local market in lacklustre trading as even futures contracts on main US indices stay largely flat for the day STOCKS R SIVANITHY Senior Correspondent A BORING session in the local stock market yesterday ended with the Straits Times Index (STI) falling 7.01 points to
      Source: Bloomberg  -  583 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Apr 25 VALUE CLOSE BT OB/OS -280.00-106.00 BT CADI -*****.00 -63.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 774.59 -1.27 FTSE ST Small Cap 556.73 -2.41 FTSE ST All Share 783.35 -1.76 FTSE ST China Top 281.68 -1.59 FTSE ST China 307.81 -1.42 FTSE ST
      65 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 1 0 0 0 5 9 1 Manufacturing 41 59 65 6 6 14 47 65 79 Commerce 13 17 26 3 2 3 16 19 29 Tpt/Stor/Comms 10 18 15
      186 words
    • Article
      Lock icon Tiger Airways Holdings
      243 6  -  Apr 25 close: $1.50 DMG RESEARCH, Apr 25 BROKERS’ TAKE Compiled by JOYCE HOOI THE news: Tiger will continue to operate flights in Australia after responding to a “show cause” notice by Australia’s Civil Aviation Safety Authority (CASA), which was issued on March 23. Tiger Australia is
      243 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 46,803 46,803 94,230 94,230 Manufacturing 230,315 8,939 239,254 151,046 367 151,413 Commerce 96,229 3,486 99,715 175,802 1,853 177,655 Tpt/Stor/Comms 151,741 29,530 181,271 177,240 1,836 179,077 Finance 8,699 8,699 92,766 92,766 Construction 28,222 2,212 30,434 8,381
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.790 -0.050 CapitaLand 3.410 -0.040 CapitaMall 1.900 +0.020 CityDev 11.780 -0.080 ComfortDelGro 1.540 -0.010 DBS Grp 14.960 +0.020 F&N 6.260 -0.010 GLP 1.930 -0.030 Genting SP 2.230 +0.020 Golden Agri 0.675 -0.005 HK Land 7.180 +0.010 JMH 48.000 +0.080 JSH 28.500
      111 words
    • Article, Illustration
      Lock icon Greenback declines further versus euro
      571 6 CURRENCIES Reuters [NEW YORK] The dollar fell further against the euro yesterday and could test its all-time low against a basket of currencies this week if the US Federal Reserve shows no sign of changing its easy monetary policy. With many markets closed for Easter
      Reuters; BLOOMBERG  -  571 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      62 6 VOLUME Genting SP 131,562,000 Golden Agri 76,685,000 CreativMast 51,204,000 BerlianLaju 50,670,000 Olam 44,446,000 Sky One 25,849,000 HPH Trust US$ 25,572,000 *Genting HK US$ 23,732,000 Tuan Sing 17,903,000 SingTel 17,818,000 VALUE($) Genting SP 293,283,155 Olam 129,325,260 Keppel Corp 65,209,156 SingTel 55,850,580 Golden Agri 51,950,401 DBS Grp 41,114,873 SembMar
      62 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP GLD 10US$ ***** 151.7 0.8 DBXT MSINDIA 10US$ 1094 45.6 3.5 JSH 2850 19.7 0.6 DBXT S&P Short 10US$ 4210 16.0 0.3 Lyxor China H 10US$ 1775 14.8 0.7 Venture Corp 967 13.0 1.4 DBXT SPASX200 10US$ 3833 11.1 0.2 CerebosPac 553 10.0 1.8 DBS
      113 words
    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -49.3 -0.3 DBXT FTVietnam 10US$ 3233 -25.9 -0.6 DBXT MSEurope 10US$ 5028 -24.7 -0.4 SIA 1414 -24.0 -1.7 SIA 200 1420 -22.0 -1.5 DBXT CSI300 10US$ 1101 -19.7 -1.4 DBXT MSTHAI 10US$ 1783 -18.5 -0.8 DBXT MSTaiwan 10US$ 2031 -11.1 -0.4
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      274 6 Are you new to futures trading? Would you like to learn how to capitalise on the movements of the 31 component stocks listed on the Singapore Exchange? Our speakers will share how to trade one of the most popular index futures MSCI Singapore Stock Index. Register for our Phillip Futures
      274 words
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      336 7 v*» vovO .o-» v° w»M»-»"'r; n.v.o-i-" V v® 1010 1»»010 >° a > o > o OHJ l O l O l-O'l O '"'n vO 1 iovovoiov»;J° 0 .i.ov°J.>o M.o-1-D-l-D'VO'VO .n.vO'* n l o> •1> o» vo v»i:yor v or v o» i" ■S: S°vf 0 vO o* "■Ml Ol
      336 words
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      184 8 MATS i F Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES ET AUCTION Jones Lang LaSalle Property Consultants Pte Ltd Agency Licence No. L*****26E FOR JTC CORPORATION Petrol Station 400 Jalan Ahmad Ibrahim Land I Floor Area Approx. *****1017 sqm Tenure 20 years lease wef 1 Sept 2011 Auction Venue Amara Hotel
      184 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Helping SMEs make inroads into China
      718 9  -  Singbridge Int’l unit to promote and facilitate firms’ participation in its overseas projects By CHEN HUIFEN LOCAL SMEs envious of the hunt-in-pack approach taken by Japanese and Korean companies can now look to a Singapore firm’s lead as it sets out to help other
      718 words
    • Article
      Lock icon Annual inflation stays at 5% in March
      415 9  -  Rise in CPI mostly due to higher costs of transport, housing and food By NISHA RAMCHANDANI SINGAPORE’S headline inflation for March held at 5 per cent, matching the 5 per cent gain in consumer prices in February. According to the Department of Statistics,
      415 words
    • Article, Illustration
      Lock icon SDP presents final two single-seat candidates
      675 9  -  By TEH SHI NING FORMER Reform Party (RP) vice-chairman Alec Tok has joined the Singapore Democratic Party (SDP) and will stand against the People’s Action Party’s (PAP) Teo Ho Pin in the Bukit Panjang single-member constituency. He was introduced as one of the SDP’s
      TED CHEN/THE STRAITS TIMES  -  675 words
    • Article
      Lock icon NAFA-RCM music degree programme launched
      342 9  -  Students can choose keyboard, composition, orchestral, vocal, Chinese instrumental studies By KELLY TAY CHALK up another first for Singapore, this time in the realm of music education. The Nanyang Academy of Fine Arts (NAFA), in collaboration with the Royal College of Music, London (RCM), yesterday
      342 words
    • Article, Illustration
      Lock icon Spotlight falls on Chen at WP conference
      794 9  -  Taiwan-born ‘star catch’ defends his years spent overseas By LEE U-WEN THE Workers’ Party press conference yesterday was meant to introduce a fifth and final batch of election candidates, but perhaps inevitably the spotlight fell largely on two people: new face Chen Show
      ARTHUR LEE  -  794 words
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      77 9 V r Jakarta for lunch, dinner at home. At Garuda Indonesia, we want business travellers like you to get home as soon as possible. With 7 daily flights and the earliest departure time from Singapore to Jakarta, the "World's Most Improved Airline in 2010" departs almost every two hours from
      77 words
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  • SME Inc
    • Article, Illustration
      Lock icon Catering with focus on safety and health
      990 10  -  WSH enrolment gives Thomson Catering Enterprises an edge over rivals, says JASLENE PANG JASLENE PANG NATURAL disasters, hike in oil prices and easy entry into industry are a disastrous mix for Thomson Catering Enterprises Pte Ltd, but it has concocted its own recipe
      ARTHUR LEE  -  990 words
    • Article, Illustration
      Lock icon Biobot Surgical: Saving lives, one robot at a time
      1301 10  -  Firm hopes to provide its surgical robots to most hospitals in the world eventually, says VICTOR KATHEYAS VICTOR KATHEYAS SURGERY requires great skill, aptitude and experience but that doesn’t mean it can be performed only by humans. It can be performed
      YEN MENG JIIN  -  1,301 words
    • Article, Illustration
      Lock icon From modem to baby monitor
      1215 11  -  Excelpoint has entered the healthcare market, thanks to the latest in its R&D team’s string of innovations, reports CHEN HUIFEN SMALL CAPS reports CHEN HUIFEN EXCELPOINT Technology, a homegrown electronics component distributor that has been around since 1987, is quite familiar with cyclical swings in
      YEN MENG JIIN  -  1,215 words
    • Article, Illustration
      Lock icon Employees key to boosting business
      1010 12  -  Marine and offshore procurement and logistics firm Amos Int’l intends to boost its presence in Asia, reports CLEMENT QUEK reports CLEMENT QUEK PEOPLE play an important role in the ship chandler industry because products are highly commoditised there, said Danny Lien, founder and managing director
      ARTHUR LEE  -  1,010 words
    • Article
      Lock icon Guess who’s coming to dinner?
      1599 12  -  How one behaves in the office can be quite different from one’s behaviour in a social setting COMMENTARY By PAUL HENG Paul Heng is founder and executive coach ofNeXT Corporate Coaching Services NOW that the business that you have founded is humming along nicely, and
      1,599 words
    • Article
      Lock icon Market research vital for planning and control
      475 12 ASK NUS PROFS Assoc Prof Lau Geok Theng Department of Marketing Q: Is it necessary for an SME to spend on market research? A: Market research is important to the SME for its marketing planning, monitoring and control. As such, spending in the
      475 words
    • Article, Illustration
      Lock icon Seafood trader’s paradise
      911 13  -  Crustrade has made S’pore its base even though it sells nothing to the local market, reports LINETTE LIM reports LINETTE LIM SEAFOOD products trader Crustrade may be based out of Singapore but it sells nothing to the local market, despite the latter’s fame as a food paradise
      YEN MENG JIIN  -  911 words
    • Article, Illustration
      Lock icon Fit and fab in 29 minutes
      692 13  -  By HOON HOON YI SHYUAN BEING a couch potato is not something you would imagine Chong Wan Kit, the managing director of women’s-only gym Contours Express, to be. Yet, that is exactly what Ms Chong was prior to her discovery of Contours Express. After
      ARTHUR LEE  -  692 words
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      558 11 MANAGE U.S. PORTFOLIOS ANYTIME ANYWHERE AO IL H V.illa 13:53 E*TRADC MOBILE HK>fy WATCH LISTS Device Watch List SYMBOL LAST CHANGE VOLUME AAPL 341.20 AIG 36.95 <- 342.42M ETK 15.64 2.93M GOOG 577.32 *0.82 INa' tnosmg Prtct 4:00 PMET 0M2/I E*TRADE MOBILES PRO Empowers your U.S. Trading Now you can
      558 words
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      126 13 -f.'— •■i v.\ ••CSSf. i«N Realise your growth ambitions with OCBC Business Banking. At OCBC Business Banking, we understand that many small and medium enterprises of today have big plans for tomorrow. This is why you can count on us to help you make the right connections to your goals.
      126 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Pimco bets against US Treasuries
      869 14 Other major bond dealers predict yields at below 4% for the rest of 2011 Bloomberg [NEW YORK] The world’s biggest bond dealers and Pacific Investment Management Co’s (Pimco) Bill Gross are squaring off over Mr Gross’s assertion that the US$9.13 trillion market for US Treasuries
      Bloomberg; BLOOMBERG FILE PHOTO  -  869 words
    • Article
      Lock icon Seoul may tighten cap on forex derivatives
      445 14 Reuters [SEOUL] South Korea saw short-term foreign debt jump by more than US$8 billion in March alone and is seriously considering lowering the ceilings on banks’ foreign exchange derivatives positions, a government source told Reuters yesterday. The source familiar with the regulations also
      Reuters  -  445 words
    • Article
      Lock icon Argentina debt now even safer than Portugal’s
      594 14 Insurance against non-payment is 90 basis points cheaper Bloomberg [NEW YORK] Debt sold by Argentina, which defaulted on a record US$95 billion in bonds a decade ago, are deemed by investors to be safer than Portugal’s for the first time as growth surges
      Bloomberg  -  594 words
    • Article
      Lock icon Silver surges to new high on inflation hedge
      563 14 Bloomberg [SINGAPORE] Silver rallied to an all-time high as investors sought to protect their wealth against accelerating inflation and a weaker dollar with holdings in a metal that also benefits from economic growth. Spot gold also reached a record. Immediate-delivery silver climbed
      Bloomberg  -  563 words
    • Article
      Lock icon Vietnam’s April CPI jump largest since 1991
      185 14 Xinhua [HANOI] Vietnam’s consumer price index (CPI) in April is expected to hit a month-on-month record high since 1991 of 3.32 per cent, according to a report yesterday from the General Statistics Office. Inflation in the first four months this year hit 9.64
      Xinhua  -  185 words
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      32 14 YOU MUST-HAVE ESOU CE BOOK! BRAND NEW ANNUAL MAGAZINE OUT NOW! 3/22/11 10:33:50 AM SPACE PLANNING DECOR TRENDS LIGHTING MATERIALS HOMES BATHROOMS KITCHENS WARDROBES GADGETS Available at all major bookstores and www.homeanddecor.com.sg
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      38 14 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 JamesPower Station thenewpaper
      38 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta urged to review free trade pact with China
      636 15 Calls come as Chinese goods flood market, hurting local firms Bernama [JAKARTA] The Indonesian government has come under fire over a glut of Chinese products in the domestic market following the implementation of the Asean-China Free Trade Agreement (ACFTA) early last
      Bernama; AP  -  636 words
    • Article
      Lock icon Indonesia 2012 budget deficit at 1.4-1.6% of GDP
      347 15 Reuters [JAKARTA] Indonesia’s government expects the 2012 state budget deficit to be around 1.4 to 1.6 per cent of gross domestic product (GDP), lower than the projection for this year, and it is aiming to lift 960,000 to 970,000 barrels per day
      Reuters  -  347 words
    • Article
      Lock icon Prices of selected Milo, Nescafe products to go up again
      525 15  -  Manufacturer Nestle hit by rising commodity prices By in Kuala PAULINE NG in Kuala Lumpur SELECTED Milo and Nescafe products are set for another round of price hikes which analysts see as positive for its manufacturer Nestle Malaysia, but which
      525 words
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      124 15 get there The Financial Solutions Provider that Listens At IFS Capital, we guarantee one thing above all We Listen. It's through listening that we're able to use our experience and wide-ranging services to tailor innovative financial solutions to suit your individual needs. We have been doing it since 1987 and
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Access to credit sets Chinese firms apart
      634 16 Vendor financing is the cornerstone of China’s ‘going out’ policy Bloomberg [BEIJING] Chinese companies such as Huawei Technologies Co are utilising an innovative strategy to expand their presence in overseas markets. When Tele Norte Leste Participacoes SA, Brazil’s biggest land-line company, was shopping
      Bloomberg  -  634 words
    • Article
      Lock icon India mulls export of fuel to Pakistan if ban is lifted
      436 16 Reuters [NEW DELHI] India is considering exporting fuel to Pakistan if allowed, to help its neighbour meet a shortfall, an Indian official said yesterday, a move that could bring a new market for refiners like Reliance Industries and Essar
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    • Article, Illustration
      Lock icon THOUSANDS OF DEVOTEES PAY LAST RESPECTS TO SAI BABA
      171 16 AFP Reuters [PUTTAPARTHI, India] The body of Sathya Sai Baba displayed yesterday in a transparent casket as devotees, including Indian cricketer Sachin Tendulkar, paid their last respects to the Hindu guru at his ashram Prashanthi Nilayam in this village, some 200
      AFP; Reuters  -  171 words
    • Article
      Lock icon Chinese banks set to post robust Q1 earnings
      602 16 Double-digit growth likely on rise in loan portfolios, margins Reuters [BEIJING] Chinese banks are expected to report robust first-quarter profits this week despite more than a year of government efforts to tighten capital and fight inflation in the world’s second-largest economy. Analysts
      Reuters  -  602 words
    • Article
      Lock icon Big Mac Index suggests yuan is 40% undervalued, HK$ 49%
      577 16 Burger cost US$2.18 in China, US$3.71 in US at end-2010 Bloomberg [SHANGHAI] China’s yuan and the Hong Kong dollar are the most undervalued currencies in the world, trading at discounts of 40 per cent or more versus the greenback, based
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  • Page 16 Advertisements
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      120 16 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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  • WORLD
    • Article
      Lock icon Apple’s iPad miss prompts cuts in forecast
      691 17 Apart from this hiccup, investors seem delighted with near-doubling of profit Reuters [SAN FRANCISCO] Apple Inc surprised no one with yet another quarter packed with spectacular numbers. But a miss in sales targets on the iPad may prompt some to temper their lofty
      Reuters  -  691 words
    • Article, Illustration
      Lock icon S Korea, Australia may seal FTAby year-end
      441 17 AFP [SEOUL] The leaders of South Korea and Australia vowed yesterday to wrap up by the end of the year their talks on a free trade agreement (FTA), which had stalled over access to Seoul’s beef market. President Lee My-ung-bak and Prime Minister
      AFP; AP  -  441 words
    • Article
      Lock icon Uni tuition fees quandary in Scotland
      641 17 Changes in financing in England put Scottish unis in a difficult position IHT [LONDON] By any measure, the universities of Edinburgh and Durham are both among the best in the world. Edinburgh, founded in 1583, may be older, but Durham’s campus boasts an 11th-century
      IHT  -  641 words
    • Article
      Lock icon Capital flows into farming may more than double in two years
      461 17 Investments in land, plants spurred by rising food prices Reuters [SINGAPORE] Inflows of private capital in agriculture worldwide are expected to more than double to around US$5 billion to US$7 billion in two years as rising food prices spur
      Reuters  -  461 words
    • Article
      Lock icon Plagiarism scandal hits Germany
      576 18 Theses of 3 public figures posted online for scrutiny IHT [PARIS] Weeks after German Defence Minister KarlTheodor zu Guttenberg was forced to resign in a plagiarism scandal, three German universities say that they are investigating similar complaints about the academic work of three figures from the
      IHT  -  576 words
    • Article
      Lock icon No need for BOJ to underwrite bonds: reconstruction panel
      452 18 Bill will call for govt to maintain fiscal discipline by securing new revenue sources Reuters [TOKYO] Japan’s ruling party has ruled out asking the Bank of Japan (BOJ) to directly underwrite reconstruction bonds to finance rebuilding of areas devastated by last
      Reuters  -  452 words
    • Article, Illustration
      Lock icon OFF THE WALL
      137 18 [LOS ANGELES] ‘Art in the Streets’, the first major US museum show of graffiti and street art, is now on at Geffen Contemporary at The Museum for Contemporary Art (MOCA) here till Aug 8. The exhibition, which showcases installations by 50 most dynamic artists from the graffiti
      AFP  -  137 words
    • Article
      Lock icon HSBC to close Russian retail unit
      274 18 Reuters [MOSCOW] HSBC, Europe’s largest bank, is to close its retail banking operation in Russia after just two years, following in the footsteps of British peer Barclays. “Following a strategic review, it is clear that the strongest opportunity for HSBC in Russia lies in
      Reuters  -  274 words
    • Article
      Lock icon Asia demand will fuel resources boom: Gillard
      402 18 Australian PM defends plan to levy carbon tax AFP [SYDNEY] Insatiable Asian demand for energy will ensure Australia’s mining industry thrives despite a carbon tax, Prime Minister Julia Gillard said yesterday, defending her plan to tax greenhouse emissions. Ms Gillard has pledged to
      AFP  -  402 words
    • Article
      Lock icon Yunus cleared of misappropriating aid
      419 18 Bangladeshi court due to review claim of his ‘illegal’ reappointment as bank MD AFP [DHAKA] A Bangladeshi probe has cleared Nobel laureate Muhammad Yunus of misappropriating Norwegian aid funds at the pioneering microfinance bank he founded, the country’s finance minister announced yesterday. But the bank
      AFP  -  419 words
    • Article
      Lock icon New-home sales up 11 % in March
      467 20 New-home sales up 11 in March Economists say it could take years before sales return to a healthy pace LATEST US DATA AP [WASHINGTON] More Americans bought new homes in March, helping give the battered industry a small lift after the worst winter for sales in almost a half-century. The
      AP  -  467 words
    • Article, Illustration
      Lock icon UAE to go ahead with BlackBerry restrictions
      487 20 AP [DUBAI] Emirati authorities are pushing ahead with plans to impose tighter government restrictions on the most secure BlackBerry service next week, according to the CEO of one of the Gulf nation’s phone companies. But Osman Sultan, chief executive of the telecommunications firm
      AP; REUTERS  -  487 words
    • Article
      Lock icon Barrick Gold in C$7b mega deal to buy Australia’s Equinox Minerals
      397 20 Reuters [NEW YORK] Barrick Gold Corp said yesterday it had struck a deal to buy Australian copper miner Equinox Minerals for more than C$7 billion (S$9.07 billion), topping a takeover offer by China’s Minmetals Resources by 16 per cent.
      Reuters  -  397 words
    • Article
      Lock icon Yemen may cancel 25b rial Islamic bond sale
      538 20 Lack of liquidity may scuttle plans for the one-year bills Bloomberg [DUBAI] Yemen, where protests against the regime entered a third month, may cancel the sale of a 25 bil-lion-rial (S$144 million) Islamic bond, threatening to deepen the country’s deficit. The central
      Bloomberg  -  538 words
    • Article, Illustration
      Lock icon UN official calls for halt to violence in Syria
      433 20 Rights groups say over 360 people have been killed AFP AFP [GENEVA] The top United Nations (UN) human rights official yesterday called on Syria to rein in its security forces and investigate the reported killing of 100 protesters over the weekend.
      AFP; REUTERS  -  433 words
    • Article, Illustration
      Lock icon Rajaratnam case a wake-up call for securities industry
      507 20 AP [NEW YORK] The secretly taped conversations aired at the insider trading trial of Raj Rajaratnam, a onetime billionaire hedge fund boss, have given jurors a sometimes colourful dose of the go-big-or-go-home mentality at Wall Street firms. Now the jury must determine
      AP  -  507 words
  • Page 17 Advertisements
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      409 17 NUS REAL ESTATE National University of Singapore Graduate Certificate in Real Estate Finance Bridging Real Estate and Capital Markets K vW r m s Module Real il Estate Investment Asset Management >, c Ls< COURSE OBJECTIVES Integrating the best of real estate and finance knowledge, the Graduate Certificate in Real
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      124 19 Restaurant <n j HUMTTJO Cht* 5™» m>" Jore ores op men t zv Master Chef Chan Kwok Winner of two prestigious awards at Asian Gastronomic Awards of Excellence 2011 iL >A r Sf Chef of v' ;V the Year y iL >| f< f' Asian S' Chef of y V.
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  • AVIATION
    • Article
      Lock icon Changi Airports Int’l names new chief exec
      447 21  -  Lim Liang Song brings with him experience in aviation investments By VEN SREENIVASAN [SINGAPORE] Lim Liang Song has been appointed the new chief executive of Changi Airports International (CAI) with effect from May 3, replacing outgoing CEO Wong Woon Liong. Mr Lim, 51,
      447 words
    • Article
      Lock icon St Louis airport takes a slug to the chin, but recovers
      572 21 NYT [ST LOUIS] The gleaming Gateway Arch that presides over the downtown riverfront may be the architectural symbol for this midwestern metropolis, but its true gateway was built a decade earlier just outside city limits: the Lambert-St Louis International
      NYT  -  572 words
    • Article
      Lock icon B737 tear: Plant in Kansas is prime suspect
      274 21 Reuters [NEW YORK] US investigators suspect that a manufacturing lapse at a Boeing Co plant 15 years ago could be to blame for a mid-air tear in a Southwest Airlines Co aircraft earlier this month, The Wall Street Journal reported on its
      Reuters  -  274 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 21 SGX '000 Apr 25 S$ +/-Vol CH Offshore 0.45 0.01 139 Chuan Hup Hldg 0.23 0.01 100 Cosco Corp 2.34 -0.01 6861 CWT Ltd 1.37 -0.01 809 Ezra Hldgs 1.68 -0.02 2464 First Ship Lea 0.42 unch 351 Freight Links 0.07 unch 2549 Grand Banks 0.45 0.02 100
      278 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3204 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad NH6292 1855 SQ530 1855 Amsterdam
      3,204 words
    • Article, Illustration
      Lock icon Man with knife foiled in hijack attempt
      270 21 Reuters [ROME] A man with a knife tried to hijack an Alitalia flight from Paris to Rome on Sunday night, demanding that it be flown to Libya, but was quickly overpowered and arrested when the plane landed, officials and witnesses said. Witnesses said
      Reuters; REUTERS  -  270 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      350 21 CRYPTIC CROSSWORD Across 1 Packaging head doctor stole (10) 6 Complain of pressure put on transport (4) 10 Doctor given refuge by troublesome dictator (5) 11 Puzzled by play during tie (9) 12 Food from continent absorbing male sibling (8) 13 Exploits river deposits heartlessly (5) 15 Arm stretched out
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  • Page 22 Advertisements
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      56 22 Legal services required by shippers owners Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620
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  • SHIPPING
    • Article
      Lock icon SHIPPING TIMES
      3115 22 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
      3,115 words
    • Article
      Lock icon Reports of piracy in the region rising
      434 23  -  Out of 34 incidents in Q1 a 31% hike 27 took place in South-east Asia By JOYCE HOOI [SINGAPORE] Reports of piracy incidents in the waters of South-east Asia and South Asia are on the rise and “moderately significant” piracy events have surged
      434 words
    • Article, Illustration
      Lock icon Tsunami accelerates decline of Japan’s fishing industry
      757 23 Bloomberg [TOKYO] The wreckage of a 379-tonne tuna boat blocks the road to the deserted fish market in Kesennuma, once Japan’s largest port for bonito and swordfish. Even after the debris from last month’s tsunami has been cleared away, the industry may never
      Bloomberg; AP  -  757 words
    • Article, Illustration
      Lock icon Traffic at Shanghai port back to normal
      519 23 Reuters [SHANGHAI] Trucks laden with cargo containers yesterday appeared to operate as usual on roads leading to ports in China’s coastal commercial hub, Shanghai, where officials sought to defuse lingering anger among truck drivers who went on strike last week over rising costs.
      Reuters; AP  -  519 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Smart diplomacy helps Malaysia and Brunei
      486 24 EDITORIAL THERE is a lot to be said for diplomacy. When one considers that two Asean members are shelling each other over an ill-defined border, it is refreshing to see two other Asean countries settling their dispute amicably. Last week, Malaysian national oil corporation
      486 words
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      Lock icon BRICS not quite shaping up as emerging market future
      805 24  -  THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own CONFERENCE call, anyone? Several times a year, the lords of the global economy descend on the city of the moment. Their massive
      805 words
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      Lock icon The evolution of developing new ideas
      987 24  -  Idea hunters know that one good idea typically leads to several more, and that, as a result, good ideas are typically accompanied by other good ideas By BILL FISCHER Bill Fischer is professor of technology management at IMD and the programme director for driving
      STOCK.XCHNG  -  987 words
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      Lock icon Uncertain road to recovery for Japan
      1469 25  -  A recently published road map for resolving the crisis at Fukushima’s crippled nuclear power plant is less than reassuring ANTHONY ROWLEY Tokyo Correspondent FOLLOWING a road map normally implies that there are existing roads to follow but the “road map” published recently for resolving
      AP  -  1,469 words
    • Article, Illustration
      Lock icon GST errors: A chance against penalties
      871 25  -  By NG CHOON BENG, KOR BING KEONG Ng Choon Beng is an associate director and Kor Bing Keong is a tax partner of GST Services at Ernst Young Solutions LLP THE Inland Revenue Authority of Singapore’s (IRAS) new Assisted Compliance Assurance Programme (ACAP) could
      STOCK.XCHNG  -  871 words
    • Article
      Lock icon SGX should have circuit breakers
      213 25  -  LETTER TO THE EDITOR Denis Distant Singapore I REFER to the article “Does SGX really need circuit breakers?” (BT, April 25) and in particular the remark, “SGX appears to have made up its mind to follow the herd”. The article is mainly focused on the
      213 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8356 26 Transaction date: Apr 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17cd -0.5 100 17 17 17 17.5 7.8 3.6 3.6 81.4 12 4.5 A-Sonic 7cd 7 7.5
      8,356 words
    • Article
      Lock icon SGX CATALIST
      1587 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 6.5 4 t AA Grp 4 unch 4 4 4 4 4.5 19 3.9 220 145 t APStrategic 170 160 174 100.9 1.5 0.5
      1,587 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9725 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.4/ APS Alpha Fund (USD)!** 1.13/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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      Lock icon GLOBALQUOTE
      236 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53 49 53 3.6 6.6 4.2 138 55 16 Genting HK US$ US44.5 +0.5 ***** 45 43.5 44 44.5 2930.1 21 10 Over&Gen A14
      236 words
    • Article
      Lock icon SGX ETF
      794 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112 112 113 511.3 1075 761 CIMBAsean40 100US$ US1060 1056 1063 42.4 350 270 DBS STI ETF 100 327cd +2
      794 words
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      36 26 V u r I: INSTRUMENTS FOR PROFESSIONALS 7 JOHN TRAVO LT A PROFESSIONAL PILOT TEL. +65 6732 6347 WWW.BREITLING.COM £5 UBl '"In,, X 73m Ss*BREI LING ST*?. 4K8fc 101 x 'm> 4 L-U"> 1 ali V
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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
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    • Article
      Lock icon INTERBANK RATES
      183 28 Apr 25 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.10 US$ 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 0.55 12
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      Lock icon US$/S$ FORWARD RATES
      22 28 Apr 25 S$ Bid Offer 1-month 1.2335 1.2337 2-months 1.2334 1.2337 3-months 1.2334 1.2337 6-months 1.2331 1.2333 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      179 28 Apr 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 575.0 569.0 569.0 2 Jun 11 557.5 Jul 11 540.0 540.0 540.0 15 Aug 11 520.0 520.0 523.3 5 Sep 11 520.0 515.0 520.0 10 Oct 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 28 Apr 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 28.07.2011 0.25 0.25 0.23 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 102.25 102.30 102.21 5-Year N*****0W 1.125 01.04.2016 100.02
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    • 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
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    • 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$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2710 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 22 -0.5 28 1 10 -15 1.70 55 Asia-Pacific Strategic W*****6 24 1 150 2 7.08 37 ASJ Hldgs W*****1 1.5 1 4 10 3.33 10 AlliedTech W*****2
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 Apr 25 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.37 1.293 Can dollar 1.318 1.268 Euro 1.833 1.763 Sterling pound 2.077 1.998 NZ dollar 1.017 0.969 US dollar 1.251 1.203 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Apr 25 Open High Sett STI Apr 3182 SIMSCI Apr 376.3 377.6 376.1 Taiwan Apr 318.3 320.8 317.3 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 28 Apr 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3403 3412 3420 3400 330 7609 Jun 11 3398 3380 3400 3362 998 ***** Jul 11 3374 3360 3384 3343 8027 ***** Aug 11 3363 3351
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      439 28 Apr 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6950 0 3432 Sep11 99.6350 0 2357 Dec11 99.5300 0 1078 Mar12 99.3550 0 5577 EUROYEN TIBOR FUTURES Jun11 99.6750 1 5402 Sep11 99.6700 99.6700 99.6700 99.6725 0 1533 Dec11 99.6650 49 1953 Mar12 99.6525 100
      439 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 Apr 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.022 7.003 0.737 8.346 47.738 92.389 0.882 11.609 3.214 1.340 90.697 46.380 1.325 7.198 0.950 31.047 32.135 0.650 1.074 Canada 0.978 6.851
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    • Article
      Lock icon SIBOR
      85 28 Apr 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Apr 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3245 1.3249 1.0738 1.0739 Canadian dollar 1.2956 1.2964 1.0503 1.0509 Euro 1.7981 1.7986 1.4577 1.4579 NZ dollar 0.9882 0.9887 0.8011 0.8014 Sterling pound 2.0380 2.0384 1.6522 1.6523
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    • Article
      Lock icon PRECIOUS METALS
      139 28 Apr 25 GOLD (US$/oz) Apr 20 Apr 21 Hong Kong 1502.20 1508.00 Apr 21 Apr 20 London 1503.65 1503.61 1504.45 1504.38 Source: Thomson Reuters CAST BAR Apr 25 (S$) Selling Buying Kilobar 64,540.26 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 60 5gm 410 301 10gm 733
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      Lock icon LONDON METALS
      71 28 Apr 21 Apr 21 Aluminium, 99.7% purity (US$/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)
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    • 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 Pev High/Low May 11 2408 2454 2449/2400 Jul 11 2435 2482 2475/2406 Sep 11 2456 2501 2495/2423 Nov 11
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  • PROPERTY
    • Article
      Lock icon URA offers industrial plot for tender
      377 29  -  Irving Place site near MRT station seen drawing bids of up to $270 psf ppr By UMA SHANKARI [SINGAPORE] The Urban Redevelopment Authority (URA) yesterday launched a 0.34 ha industrial site at Irving Place for sale by public tender. The site, which has a
      377 words
    • Article
      Lock icon US$5b outflow seen from Indian property
      388 29 Bloomberg [MUMBAI] Private-equity funds may sell US$5 billion of holdings in India’s real estate industry over the next 2-3 years, increasing the pressure on developers to generate cash, according to Nomura Holdings Inc. The funds have invested about US$10.2 billion in real estate companies
      Bloomberg  -  388 words
    • Article, Illustration
      Lock icon Construction firms tap $9m of $250m productivity fund
      282 29  -  By MINDY TAN [SINGAPORE] Construction firms have already tapped some $9 million of the $250 million Construction Productivity and Capability Fund and should continue to “leverage on these” funds. Senior Minister of State for National Development and Education Grace Fu was speaking
      FILE PHOTO  -  282 words
    • Article
      Lock icon Developers get provisional nod for projects
      422 31  -  The property types include residential, commercial, industrial and hotel By KALPANA RASHIWALA [SINGAPORE] The Urban Redevelopment Authority has granted, in the first quarter of the year, provisional permission for a string of projects across property types residential, commercial, industrial and hotel. A Hong Fok
      422 words
    • Article
      Lock icon Tighter control looms over China property trusts
      176 31 Reuters [BEIJING] China may further tighten control over property trusts as Beijing stays on high alert for risks in the country’s booming housing market, the Beijing Times newspaper said yesterday. As one of the new requirements, property developers may be ordered to set
      Reuters  -  176 words
    • Article, Illustration
      Lock icon Malls lead charge to boost service quality
      323 31  -  By REBECCA LIU [SINGAPORE] Singaporeans’ oft-heard complaints about poor service standards are set to be a thing of the past as the retail industry continues taking steps to improve, with shopping malls leading the charge. Three more shopping malls have signed up for
      FILE PHOTO  -  323 words
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      Lock icon Page 29 Advertisements Column 1
      609 29 Estate Agent Licence No. L*****36J FOR SALE BY TENDER PRIME RESIDENTIAL REDEVELOPMENT SITES IN DISTRICT 10 DYNASTY GARDEN ADJOINING SITE Nanyang Girlsʼ High Sch Methodist Girlsʼ Sch PIE National JC D u n e a r n R d Raffles Girlsʼ Pri Sch B t T i m a h
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      147 29 SAFFRON London Singapore Hong Kong LONDON PROPERTY OWNERS Your Central London Agent based in Singapore EXPERTS IN LETTINGS PROPERTY MANAGEMENT ARLA approved NAEA registered ISO 9001 Certified we will collect keys inspect property arrange marketing secure new tenants 12 months FREE Property Management services Monty Nawaz +65 6832 5188 +65
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  • INDUSTRIAL SPACE
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      Lock icon Creating space for work and play
      824 30  -  New business parks now come with a range of amenities that can give commercial buildings a run for their money, reports EMILYN YAP reports EMILYN YAP DEVELOPERS looking to reinvent industrial estates as modern and pleasant places for work have embraced the work-live-play concept
      FILE PHOTOS  -  824 words
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      226 30 -a* s 3u* »SR l<s si v>; P^fAhi ?*> taS»>S :->c *<« k rjC'tt '*V *»V ■*TA> it». «*fiV 'itr. 'V>r J- -iZ<, m »v M SI V^!-I C 9A0 N HI Shop Dine Fusionopolis BLACK CANYON COFFEE MARKET PLACE @one-north ~w\~ B a. Fusionopolis 1 Fusionopolis Way, I Connexis,
      226 words
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      190 31 Office Units For Rental at $2.20 psft at 315 Outram Rd. Tan Boon Liat Building Spacious Office Units for rentals are available at 315 Outram Road Tan Boon Liat Building as per the details below: a) A spacious Office Unit with 4,145 Sq Ft area is available for immediate occupation.
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      95 31 COLLECTIVE SALE Tender closing 12 May (Thurs) 3pm Freehold Land area 15,359.2 sf Potential state land purchase of 1,500 sf (estimated) Plot Ratio 2.8/ up to 36 storeys Potential GFA: Up to 51,926 sf May develop into a high-rise exclusive 90-units apartment development Minutes walk to Novena MRT/ Square 2,Velocity,
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      80 31 For use as retail, medical centre or bank #B1-00 #01-00 at Malacca Centre Strata area of approx 5,263 sf 999-yr leasehold wef 20 April 1826 Situated within the heart of Raffles Place Located on Malacca Street directly opposite Republic Plaza On top of Raffles Place MRT station Expression of Interest
      80 words
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  • INFINITE SPACES
    • Article, Illustration
      Lock icon Adding the green touch with technology
      1136 32  -  A strong regulatory framework and robust market incentives are driving the adoption of green technologies and designs by both the private and public sectors, reports UMA SHANKARI reports UMA SHANKARI TECHNOLOGY and innovative design are key as the property industry here works to embrace
      1,136 words
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      86 32 su pace to be 4 > MR ..•?> Whafyvould you like your space to be? hen yo\sW) into a business space developed by Ascendas, e Singapore Science Park, International Tech Park Bangalore and Dalian Ascendas IT Park, you step into a sanctuary for ideas, creativity and innovation. This is the
      86 words