The Business Times, 18 May 2011
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2011-05-18
1
16
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section23 2011-05-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|2l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, May 18,201123 words
-
1040 2011-05-18 1 LYNETTE KHOO - Some shone brightly in tough quarter while others saw their bottom lines hit by rising costs By LYNETTE KHOO [SINGAPORE] The financial report cards of S-chips or Chinese companies listed on Singapore Exchange point to mixed fortunes. While rising costs weighed on the1,040 words
-
704 2011-05-18 1 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] A new record has been set for the price of a private residential property in Singapore. Sources say that a four-bed-room apartment at SC Global Developments’ The Marq on Paterson Hill recently fetched $5,842704 words
-
Article85 2011-05-18 1 THE Business Times’ Who’s Who in Law looks at whether there’s a need for legislation to protect corporate whistleblowers. This 2011 issue also examines other aspects of corporate governance, the ramifications of the UK’s Bribery Act for Singapore businesses, fighting transnational crime, the challenges for international law85 words
-
Page 1 Advertisements
-
Advertisement13 2011-05-18 1 STRAUSS-KAHN DEBACLE Bail denied; Christine Lagarde emerges as potential new IMF chief PAGE13 words
-
Advertisement15 2011-05-18 1 THAI POLLS Wooing voters a tough job for Yingluck Shinawatra PAGE 4 8 '*****1 *****415 words
-
Advertisement49 2011-05-18 1 ARTS FESTIVAL A dancing tribute to butoh proponent PAGE 8 Deutsche Bank Central to Asia's flow markets No.1 Euro USD Rates Euromoney Rates Survey 2011 No.1 Overall Asian Fixed Income Greenwich Associates Share Leader Awards 2010 Over 20% market share Asia FX Euromoney FX Poll 2011 wsa 2, 149 words
-
-
TOP STORIES
-
Article, Illustration518 2011-05-18 2 AFP AP Bloomberg [BRUSSELS] European powers began Tuesday to distance themselves from Dominique Strauss-Kahn as current French finance minister Christine Lagarde emerged as a potential replacement as head of the International Monetary Fund. With Strauss-Kahn, one of Ms Lagarde’s predecessors, languishing in NewAFP; AP; Bloomberg - 518 words
-
603 2011-05-18 2 STEPHEN RAPHAEL - But rising dollar, falling yields, economy issues may hold stocks back By STEPHEN RAPHAEL in New York IT’S only mid-May, but it feels like summer has already arrived for US stocks, as a range of headline issues continued to buffet investors. Risk aversion603 words
-
532 2011-05-18 2 GEORGE JOSEPH - IMDEX Asia opens today at Changi Exhibition Centre By GEORGE JOSEPH [SINGAPORE] The AsiaPacific navies and coast guards will acquire some 900 new ships and submarines in the next 20 years, making the region the world’s largest maritime defence532 words
-
Article424 2011-05-18 2 Q1 separates S-chip men from the boys THE financial report cards of S-chips or Chinese companies listed on Singapore Exchange point to mixed fortunes. While rising costs weighed on the bottom-lines of some Chinese firms, others thrived on stronger domestic demand and were quick to raise margins by424 words
-
Article, Illustration675 2011-05-18 4 LEE U-WEN - Thaksin’s sister has 46 days left to leave a lasting impression on the electorate ANALYSIS By LEE U-WEN [SINGAPORE] With just a little over six weeks to go before Thailand heads to the polls on July 3, what is worrying is that theAFP - 675 words
-
486 2011-05-18 4 Remarks signal bank will stick to loose monetary policy Reuters [TOKYO] Bank of Japan governor Masaaki Shirakawa said the country’s economy was in a very severe state due to damage from the March earthquake, signalling that the central bank was sticking toReuters - 486 words
-
-
Page 2 Advertisements
-
Advertisement347 2011-05-18 2 School of Management Dfl SIM EDUCATION University at Buffalo The State University of New York Singapore's longest running, American Executive MBA u The practical approach of Professors and real-life examples from experienced classmates allows me to immediately apply what I've learned to my work. Jan Tai Financial Controller Vertical Integration347 words
-
-
Page 3 Advertisements
-
Advertisement329 2011-05-18 3 I am known by name At a gentleman's tailor in Milan, my name is tacked to bespoke, charcoal grey suits The same table is always reserved in my name, at a 3 star Michelin restaurant in Hong Kong They know me by name at the Monaco marina, where I berth329 words
-
-
Page 4 Advertisements
-
Advertisement614 2011-05-18 4 INNOVATE YOUR BUSINESS DESIGN STRATEGIC OUTCOMES IF ■c. t w < m *v jm A<L i DELIVER SUSTAIN A ABOUT DESIGNWORKS SINGAPORE DesignWorks Singapore is part of Singapore Polytechnic, We are the only design-based and innovation centre that is supported by SPRING Singapore, We help companies identify new opportunities faster614 words
-
-
Page 5 Advertisements
-
Advertisement391 2011-05-18 5 r-J* •i rt n 'inn 1 1 1 1 t' 'Tprr' < 'I I' I, r. If* M I A ''Mm 'M «4« 00'" 41 t =—===$5* _..r=r"-rv^$ i r f /JZT-\ ,or •'•n* V J* v -fm r &Hd r ji #< 52S5-- toss V" flt.ll ■■aiwii l4a m391 words
-
-
COMPANY NEWS
-
3085 2011-05-18 6 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURR PREV CHNG CURR PREV CHNG 1 DBS Grp 807.00 532.00 51.7 1,909.00 1,713.00 11.4 2 OCBC Bk 628.00 676.00 -7.1 1,441.00 1,385.00 4.0 3 UOB 612.00 700.00 -12.6 1,423.00 1,502.00 -5.3 4 Wilmar Intl 487.243,085 words
-
-
Page 7 Advertisements
-
Advertisement172 2011-05-18 7 FASHION! FESTIVAL Driving imagination. mw* f y IINIRL 954 i K 1 > 7, 3 P x Xv X X The first Audi A7 Sportback, unveiled The Audi A7 Sportback is a unique expression of refined technology and beauty, setting the benchmark for a luxurious lifestyle. Articulated by flowing lines,172 words
-
-
ARTS FESTIVAL 2011
-
Article, Illustration525 2011-05-18 8 CHEAH UI-HOON - Kuu, in memory of Kazuo Ohno, makes its Asian premiere, reports CHEAH UI-HOON reports CHEAH CHEAH UI-HOON Kuu (Emptiness), May 21-22, 8pm at Drama Centre Theatre. For ticketing details, please go to www.singaporeartsfest.com THE very contemplation of life and living is the essence of525 words
-
633 2011-05-18 8 NATALIE KOH - That’s, um, what ‘Life and Times’ is, er, all about By NATALIE KOH IN normal conversation, we don’t blink at the “um’s” and “er’s” that pepper one’s speech. On stage, however, those loose words are usually edited out to provide a more professional sounding633 words
-
-
Page 8 Advertisements
-
Advertisement298 2011-05-18 8 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices NOTICES inxviLvi WINE DINE AND HOSPITALITY THE PLEASURE OF OZ You don't have to fly across the ocean for an Aussie adventure of epicurean proportions. Indulge in a spread inspired by the best298 words
-
-
Page 9 Advertisements
-
Advertisement90 2011-05-18 9 Standard Chartered v/ Can an international bank understand its local markets? Your culture and beliefs matter to us. For 150 years, we've immersed ourselves in the countries where we do business. We have drawn on this experience to bring you world-class products and services that meet your individual needs. And90 words
-
-
ECONOMY WATCH
-
Article, Illustration608 2011-05-18 10 Unless Republicans agree to expand help for US workers who might lose jobs NYT [WASHINGTON] The Obama administration said on Monday that it would not seek congressional approval of free trade agreements with Colombia, Panama and South Korea until Republicans agree to expand assistanceNYT; PHOTO: AFP - 608 words
-
379 2011-05-18 10 Cut in Treasuries for fifth straight month follows concerns about US default Bloomberg [BEIJING] China, the biggest foreign owner of US Treasuries, trimmed its holdings for a fifth straight month in March as American lawmakers grappled with a government debt set to reachBloomberg - 379 words
-
-
Page 10 Advertisements
-
Advertisement373 2011-05-18 10 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 Futures373 words
-
Advertisement156 2011-05-18 10 ZTf E cp ffl Future CHm SINGAPORE FutureChina Global Forum 2011 11 -12 July 2011 Shangri-La Hotel Singapore China in the Next Phase: Marching to a New Drumbeat Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including Lee Kuan Yew, Minister Mentor, Singapore156 words
-
-
MALAYSIA/INDONESIA
-
Article, Illustration759 2011-05-18 11 Due diligence going on; its energy, port units’ market cap could hit RM14b [KUALA LUMPUR] Malaysian construction group MMC Corp is planning to publicly list the company’s energy and port units, with an estimated market capitalisation of up to RM14BLOOMBERG - 759 words
-
651 2011-05-18 11 Indonesia, Malaysia govt debt returns twice that of IDB’s Bloomberg [JAKARTA] Investors in Malaysia and Indonesia say they favour sovereign sukuk over a planned dollar issue by Islamic Development Bank (IDB) after government securities returned almost twice as much as the multilateralBloomberg - 651 words
-
-
Page 11 Advertisements
-
Advertisement35 2011-05-18 11 B m For us, private banking means having the ambition to exceed expectations. Also yours: +65 6532 5325 orwww.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Registration No. T05FC6718B-PTE-01 Clariden Leu SWISS PRIVATE BANKING SINCE 175535 words
-
-
GREATER CHINA/INDIA
-
455 2011-05-18 12 Low levels in 1,400 reservoirs add to worry over planned Yangtze diversion NYT [BEIJING] A severe drought along the Yangtze River region in central China has rendered nearly 1,400 reservoirs in Hubei province temporary unusable, devastated farm fields and made drinking waterNYT - 455 words
-
498 2011-05-18 12 Reuters [MUMBAI] State Bank of India, the country’s top lender, yesterday posted an unexpected plunge in quarterly net profit and lagged estimates by a massive margin, slammed by higher provisions for bad loans, operating costs and taxes. Shares in State Bank fell asReuters - 498 words
-
-
Page 12 Advertisements
-
Advertisement1152 2011-05-18 12 w WATci V NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES Head Office: 9 Ratchadapisek Road, Jatujak, Bangkok *****. Annual Report For The Year Ended December 31, 2010 ASSETS 2010 (in Baht) Cash 33,273,009,695 Interbank and money market1,152 words
-
Advertisement890 2011-05-18 12 KAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SF B Skandinaviska Enskilda Banken Head Office: Kungstradgardsgatan 8, Stockholm, Sweden BALANCE SHEET 31 December SEB Group Cash and cash balances with central banks Loans to credit institutions Loans to the public Securities held for trading Derivatives held for trading Derivatives held for890 words
-
-
WORLD
-
496 2011-05-18 13 Such a move could blow Europe’s sovereign debt crisis wide open again Reuters [BRUSSELS] Greece may have to restructure its debts, the eurozone’s chief finance official acknowledged for the first time yesterday, a move which could blow Europe’s sovereign debt crisis wide open again.Reuters - 496 words
-
315 2011-05-18 13 LATEST US DATA Bloomberg Reuters [WASHINGTON] A dark cloud continues to hang over the US economy trying to sustain its fragile recovery, after housing starts fell unexpectedly and industrial production stalled. Industrial production was unexpectedly flat in April, reflecting a drop in automobile outputBloomberg; Reuters - 315 words
-
Article579 2011-05-18 13 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo IN a revision of its “road map” for bringing Japan’s crippled Fukushima nuclear power station back under control, Tokyo Electric Power Company (Tepco) promised last night to do its utmost to adhere to the ear-lier-published deadline of stabilising the radiationemitting579 words
-
472 2011-05-18 14 Major hedge funds take contrasting bets as metal settles at around US$1,490 Bloomberg [SEOUL] Billionaire George Soros sold most of his physical gold holdings in the first quarter as bullion prices rallied toward a record, while hedge-fund manager John Paulson retained his stakeBloomberg - 472 words
-
Article, Illustration383 2011-05-18 14 ‘Super Mario’ respected at home abroad His firm action saved Italian banks from global crisis fallout AFP [MILAN] Mario Draghi, who on Monday was anointed to head the European Central Bank (ECB) come October, is known in Italy as “Super Mario” and has stature abroad and respect at home forAFP - 383 words
-
624 2011-05-18 15 Share swap halted after London firm’s JV partner wins legal challenge Bloomberg [MOSCOW] BP plc’s proposed US$7.8 billion share swap and Arctic exploration accord with OAO Rosneft collapsed after the UK producer wasn’t able to persuade the Russian billionaires in its existing jointBloomberg - 624 words
-
137 2011-05-18 15 Bloomberg [NEW YORK] Britain’s antitrust regulator opened an investigation into dominance by the “Big Four” accounting firms, saying the industry is distorted by practices that stunt competition and block smaller rivals. The probe by the Office of Fair Trading is broader than the watchdog’sBloomberg - 137 words
-
360 2011-05-18 15 They breached law against fraudulent bills: report Reuters [WASHINGTON] A US housing watchdog has concluded that five large banks defrauded the government in seeking reimbursements for mortgages on properties they improperly foreclosed upon, according to a report in The Huffington Post onReuters - 360 words
-
Article, Illustration470 2011-05-18 18 US-based Wynn Resorts holds it first annual meeting in the Chinese territory AFP [MACAU] American casino mogul Steve Wynn said yesterday that his US-based gaming firm has become a “Chinese company” as it held its first annual meeting in Macau, nowAFP - 470 words
-
-
Page 13 Advertisements
-
Advertisement511 2011-05-18 13 WAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF ACE PROPERTIES PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****4310W Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of the member of ACE Properties Pte.511 words
-
Advertisement105 2011-05-18 13 MARKETS Singapore's No.1 CFD provider for customer satisfaction. 1 \or K r HB *****836 Li B2 S m HB 2425: IG Markets ranked first for overall customer satisfaction.* Clients praised our value for money and tight spreads. We also ranked first for our easy-to-use platform and professional charts. Find all105 words
-
-
Page 14 Advertisements
-
Advertisement1215 2011-05-18 14 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Lloyds TSB Bank pic Balance Sheets at 31 December2010 2010 million 2009 million Consolidated Income Statement for the year ended 31 December 2010 Equity and liabilities Liabilities Equity Share capital Share premium account Other reserves Retained profits Shareholders' equity Non-controlling interests Total equity1,215 words
-
Advertisement691 2011-05-18 14 KAT3 BUY IT SELL IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Bangkok Bank Public Company Limited (INCORPORATED IN THAILAND) Consolidated Balance Sheet As at December 31,2010 and 2009 Shareholders' Equity Share Capital Registered share capital 1,655,000 preferred shares of Baht 10 each 3,998,345,000 ordinary shares of Baht 10691 words
-
-
Page 15 Advertisements
-
Advertisement50 2011-05-18 15 ■w—- Z 3/2006 HONDA ACCORD Euro Ri Mileage 70,000km. Tip-top cond' Keyless entry! stock unit. No mod done. Doorstep view avail, $64.8K! SPORTY DRIVE FOR S64.8K! Check out this car and many other pre-owned models in CATS Classified in The Straits Times now! AT=i BUY IT• SELL IT• FIND IT50 words
-
Advertisement438 2011-05-18 15 HAVE YOU GOT THE AIRASIA MOBILE APP? IPHONE USERS 0 0 0 SCAN ME TO DOWNLOAD NOW *QR READER APP REQUIRED BB USERS OVER 800,000 USER DOWNLOADS! 0 enjoy low fares in the palm of your hands. 0G Mobile booking I Mobile check-in I Manage my booking Terms and conditions438 words
-
-
Page 16/17 Advertisements
-
Advertisement891 2011-05-18 16/17 p PRIVILEGE BANKING 9 <1 A Your legacy to uphold. Fortunes from generations. Investments built on experience. A vision set on possibilities. And the privilege to share it. THERE'S MORE TO WEALTH THAN MONEY ALONE THERE'S MORE TO EXPECT FROM YOUR PRIVILEGES When it comes to Privilege Banking, we understand891 words
-
-
Page 18 Advertisements
-
Advertisement2836 2011-05-18 18 Deutsche Bank AG (Incorporated in Germany) Consolidated Financial Statements for 2010 Consolidated Balance Sheet in m. Notes 31.12.2010 31.12.2009 Assets: Cash and due from banks 17,157 9,346 Interest-earning deposits with banks 92,377 47,233 Central bank funds sold and securities purchased under resale agreements 20, 21 20,365 6,820 Securities borrowed 20,2,836 words
-
Advertisement1386 2011-05-18 18 t£AT3 NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of Star Bulkship Pte. Ltd. Company No. *****4808K (In Creditors’ Voluntary Liquidation) Notice is hereby given that at an Extraordinary General Meeting of the above-named Company deemed to have been held pursuant to Section 1791,386 words
-
-
TransportHUB
-
Article, Illustration532 2011-05-18 19 Dry freight rates under downward pressure as new vessels enter market Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks dry ship rate commodities, fell for a fifth session day on Monday as a record-sized iron ore freighter enteredReuters; BLOOMBERG - 532 words
-
251 2011-05-18 19 Bloomberg [LONDON] Panamax ships that haul iron ore and other dry-bulk commodities earned more money than capesizes at least twice as big for a 93rd straight session as a glut of orders weighed on rents for the larger vessels. The streak is the longest consecutiveBloomberg - 251 words
-
Article276 2011-05-18 19 SGX '000 May 16 S$ +/-Vol CH Offshore 0.46 -0.01 122 Chuan Hup Hldg 0.23 -0.01 116 Cosco Corp 2.06 -0.03 7913 CWT Ltd 1.24 -0.04 1704 Ezra Hldgs 1.58 -0.01 2791 First Ship Lea 0.38 -0.01 578 Freight Links 0.06 unch 164 Grand Banks 0.42 -0.05 400276 words
-
611 2011-05-18 19 Bloomberg [SEOUL] South Korea’s KP Chemical Corp, the Philippines’ International Container Terminal Services Inc and St Petersburgbased LSR Group jumped after MSCI Inc said they will be added to benchmark indexes. KP Chemical, a paraxylene maker that’s set to join the MSCIBloomberg - 611 words
-
TRANSPORT HUB: AVIATION
-
Article, Illustration419 2011-05-18 20 AP [LE BOURGET, France] French investigators said on Monday they have recovered all the flight data and cockpit voice recordings from the recorders of an Air France jet found in the Atlantic depths nearly two years after it crashed. The recorders wereAP - 419 words
-
388 2011-05-18 20 Bernama [MUNICH] Munich Airport, Germany’s second largest airport, is aggressively pursuing what aviation specialists describe as its “Look East Strategy”, with its top executive declaring that it is very much interested in getting Malaysia’s low-cost carrier AirAsia to start operations in Munich.Bernama - 388 words
-
Article, Illustration560 2011-05-18 20 United Continental CEO says business is ‘enormously fun’ but ‘really tough’ Reuters [CHICAGO] The airline industry that was spawned nearly a century ago by aviation luminaries like Juan Trippe and William Boeing now attracts a different kind of thrill seeker, the head ofReuters - 560 words
-
-
TRANSPORT HUB: AVIATION/LAND
-
Article, Illustration710 2011-05-18 21 Judge lets proceed claims by owners that company drove down value of cars Bloomberg [TOKYO] Toyota Motor Corp lost a bid to dismiss lawsuits by car owners alleging economic loss related to unintended acceleration when a federal judge overseeing the suits made finalBloomberg; REUTERS - 710 words
-
Article3304 2011-05-18 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 LH9770 2350 --SQ279 2350 VS7279 2350 Ahmedabad NH62933,304 words
-
436 2011-05-18 21 NYT [NEW YORK] In the latest twist in its frantic struggle for survival, the Swedish company Saab Automobile on Monday signed a tentative financing and import deal with the largest publicly traded car distributor in China. Saab’s parent, the Dutch sports car makerNYT - 436 words
-
Article, Illustration292 2011-05-18 21 Reuters [TOKYO] The recovery in the supply of parts to Honda Motor is gathering pace, the automaker’s chief financial officer said yesterday, as the company looks to bring forward its return to normal production after a March earthquake and tsunami in JapanReuters; REUTERS - 292 words
-
-
-
Page 19 Advertisements
-
Advertisement1089 2011-05-18 19 BEATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF CRUX CAPITAL MANAGEMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No: *****3101 G At an Extraordinary General Meeting of the Members of CRUX CAPITAL MANAGEMENT PTE LTD duly convened and held on the 11th1,089 words
-
Advertisement303 2011-05-18 19 IMDEX Asia SQ11 Asia Pacific's Only Dedicated International Maritime Defence Show 18 20 May 2011 Changi Exhibition Centre Singapore IMDEX ASIA INVITATION TO IMDEX ASIA 2011 www.imdexasia.com The New Era of Maritime Defence has sailed in at IMDEX Asia 2011! Capitalise on the wave of opportunities with IMDEX Asia, Asia303 words
-
-
Page 20 Advertisements
-
Advertisement100 2011-05-18 20 nA .10 ,W\\WI e s 6^ c.® 9<° 'Oi tvjS e *t X® xf^ S V Vl o Q_ a; u QJ O 1 WHERE THERE'S ROOM FOR IMPROVEMENT, WE'LL FIND IT. At DHL, we understand that your business needs are constantly changing. What worked perfectly in the past may100 words
-
-
Page 21 Miscellaneous
-
Miscellaneous356 2011-05-18 21 CRYPTIC CROSSWORD Across 1 Love argument about transport (7) 5 Be glum when suspect goes round investigating at the start that’s Poirot’s area (7) 9 Keep silent about toboggan? On the contrary, one takes it on holiday (7) 10 One isn’t prepared for excitement (7) 11 Very cross with broken356 words
-
-
EDITORIAL & OPINION
-
Article, Illustration1161 2011-05-18 22 DERWIN PEREIRA - If moderate Muslims across Southeast Asia remain silent, extremists will win by default By DERWIN PEREIRA The writer heads Pereira International, a Singapore-based consulting company HE has been killed. Now, how can the idea that he embodied be erased? That is the questionAFP - 1,161 words
-
Article, Illustration749 2011-05-18 22 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter@FrankChing1 FOR all the US-China rhetoric on human rights characterised by US Vice-President Joe Biden as “vigorous disagreement” the latest high-level strategic and economic dialogue between749 words
-
Article525 2011-05-18 22 EDITORIAL OF the apparent fall from grace of Dominique Strauss-Kahn, there is little to be said beyond the fact that it has all the makings of high tragedy. Of the office which he has held since 2007 as managing director of the International Monetary Fund525 words
-
Article, Illustration1119 2011-05-18 23 LEON HADAR - Current slate of contenders, except perhaps Tim Pawlenty, will find the going tough given their real or perceived failings LEON HADAR Washington Correspondent A FEW nights ago, five candidates for the 2012 presidential election gathered for an early debate that touched upon domestic and foreignREUTERS - 1,119 words
-
Article, Illustration803 2011-05-18 23 MARTIN CERULLO - By MARTIN CERULLO The writer is managing director, development, Asia Pacific and global director, resourcing communications innovation, at Alexander Mann Solutions, an outsourcing and consulting services company WITH Asia expected to record strong economic growth in 2011 and the influx of foreign direct investmentBLOOMBERG - 803 words
-
-
SINGAPORE STOCKS
-
Article9793 2011-05-18 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.39/ APS Alpha Fund (USD)!** 1.12/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.76/ Aberdeen Asset Mgt Asia Limited American Opp 0.6753/ Asian Credit Fund9,793 words
-
-
Page 24 Advertisements
-
Advertisement350 2011-05-18 24 Gold Stocks r Yl -mm m m m m Bonds J VJ Gold Commodities FX Crosses FX Options Bonds ETCs CFDs XFu lures/*" El"^ StocksV-rUS t, VCc, Bonds FX Commodities FX C rosses FX Options Gold FX e V> CFDs Stocks ETFs ETCs o^ 0 x-° c,Futures FX CFDs Stocks350 words
-
-
FINANCE & COMMODITIES
-
374 2011-05-18 25 In local curr In S$ In US$ dy yr dy yr dy yr May 16 Index Change Change Change Change Change Change World Index Preliminary 924.8 -0.1 3.0 0.2 2.1 0.0 4.9 EAFE Preliminary 796.2 -0.5 -0.6 -0.2 0.5 -0.4 3.2 Europe Preliminary 1193.7 -0.2374 words
-
Article190 2011-05-18 25 May 16 Bid $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.33 0.23 3 months 0.38 0.28 6 months 0.48 0.38 9 months 0.70 0.50190 words
-
Article23 2011-05-18 25 May 16 S$ S$ Bid Offer 1-month 1.2486 1.2496 2-months 1.2486 1.2496 3-months 1.2486 1.2496 6-months 1.2484 1.2495 Source: OCBC23 words
-
Article121 2011-05-18 25 May 16 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.361 1.284 Can dollar 1.309 1.259 Euro 1.788 1.72 Sterling pound 2.055 1.976 NZ dollar 1.008 0.96 US dollar 1.265 1.217 Local dollars to 100 units of foreign121 words
-
Article27 2011-05-18 25 May 16 Open High Sett STI May 3133 SIMSCI May 370.0 370.2 366.2 Taiwan May 320.5 322.2 315.4 Source: MF Global (S) Pte Ltd27 words
-
Article66 2011-05-18 25 May 16 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3351 3389 3409 3350 604 ***** Jul 11 3261 3294 3313 3255 4682 ***** Aug 11 3243 3255 3275 3228 ***** ***** Sep 11 322266 words
-
Article457 2011-05-18 25 May 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7350 0 2874 Sep11 99.6800 0 4401 Dec11 99.5900 0 1203 Mar12 99.4600 0 1078 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6800 0 1466 Dec11 99.6825 0 1957 Mar12 99.6700 0 3877 Jun12 99.6800457 words
-
Article152 2011-05-18 25 May 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 499.5 499.5 499.5 8 258 Jul 11 144 Aug 11 57 Sep 11 481.0 481.0 481.0 10 271 Oct 11 111 Nov 11 54 Dec 11 55152 words
-
Article82 2011-05-18 25 May 16 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 18.08.2011 0.29 0.28 0.28 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.20 5-Year N*****0W 1.125 01.04.2016 100.07 100.2082 words
-
Article108 2011-05-18 25 May 16 May SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1326.50 1329.50 1344.00 1322.50 Aug 11 1322.50 1326.50 1340.00 1319.50 Sep 11 1314.25 1318.00 1329.75 1311.50 Nov 11 1306.25 1310.75 1323.00 1303.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11108 words
-
Article77 2011-05-18 25 CRUDE OIL PRODUCTS May 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.90 0.90 WTI (Near Mth) 97.14 -2.13 Dubai (1-Mth F) 106.16 -1.09 Tapis blend 120.03 -1.13 Minas 116.43 -1.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.45 -1.61 Jet Kerosene 125.60 -1.25 US$/barrel Opec Oil77 words
-
2653 2011-05-18 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1 1 4 5.00 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 4 0.5 502,653 words
-
Article464 2011-05-18 25 May 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 6.879 0.748 8.221 47.646 90.577 0.855 11.542 3.215 1.347 90.191 45.780 1.320 7.428 0.939 30.452 32.026 0.653 1.057 Canada 0.974 6.698464 words
-
Article85 2011-05-18 25 May 16 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
-
Article156 2011-05-18 25 May 16 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3196 1.3213 1.0569 1.0574 Canadian dollar 1.2848 1.2867 1.0290 1.0297 Euro 1.7635 1.7652 1.4124 1.4126 NZ dollar 0.9797 0.9812 0.7846 0.7852 Sterling pound 2.0222 2.0242156 words
-
Article137 2011-05-18 25 May 16 GOLD (US$/oz) May 17 May 16 Hong Kong 1497.40 1500.50 May 12 May 16 London 1492.44 1501.29 1493.21 1502.20 Source: Thomson Reuters CAST BAR May 16 (S$) Selling Buying Kilobar 64,247.08 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 409 300 10gm 730137 words
-
Article70 2011-05-18 25 May 16 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2560.00 2590.25 3 months 2548.00 2568.00 Copper, Grade A (US$/tonne) Cash 8816.00 8769.75 3 months 8839.00 8788.00 Lead (US$/tonne) Cash 2284.25 2300.75 3 months 2283.00 2291.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash70 words
-
Article82 2011-05-18 25 May 16 COCOA (£/tonne) Close Prev High/Low Jul 11 1869 1871 1888/1862 Sep 11 1893 1896 1912/1887 Dec 11 1919 1920 1937/1912 Mar 12 1944 1945 1963/1937 COFFEE (US$/tonne) Close Pev High/Low May 11 2463 2520 2500/2450 Jul 11 2473 2527 2513/2455 Sep 11 2504 2557 2545/2487 Nov 1182 words
-
-
Article5577 2011-05-18 26 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/Dammam5,577 words
-
Page 26 Advertisements
-
Advertisement31 2011-05-18 26 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 —.THE BUSINESS TIMES SHIPPING TIMES31 words
-
Advertisement11 2011-05-18 26 To All Shipping Advertisers: Please call Joe Wong at 9620 132711 words
-
-
Page 27 Advertisements
-
Advertisement45 2011-05-18 27 THE BUSINESS TIMES TO ADVERTISE. CALL JOE WO IMG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES45 words
-
-
executive Money
-
Article, Illustration700 2011-05-18 28 Global economy will recover unevenly and remains ‘structurally impaired’ Bloomberg [LONDON] PACIFIC Investment Management Co, which runs the world’s largest bond fund, said “deteriorating debt dynamics” will stoke faster inflation and financial repression in the US as well as at least one sovereign-debtBloomberg; REUTERS - 700 words
-
419 2011-05-18 28 Bloomberg [NEW YORK] Petroleo Brasileiro SA’s bonds are trading at the cheapest level relative to Brazilian government debt in nine months, a signal to Aviva Investors and Invesco to buy the state-run oil producer’s notes. The extra yield investors demand to own the company’sBloomberg - 419 words
-
Article, Illustration909 2011-05-18 29 Its decision to leave rates unchanged when fighting inflation is a top priority will unsettle investors Reuters [SYDNEY] THE Bank of Korea’s surprise decision to leave rates steady last weak may prove to be the proverbial straw that breaks the back of investors’Reuters; AFP - 909 words
-
-
Page 28 Advertisements
-
Advertisement530 2011-05-18 28 PARDON THE INTERRUPTION. 1 THAT NEEDS YOUR ATTENTION! i I >. s~\ JL "*v_ '.<* &vt IBL^. 'S A GOLDEN OPPORTUNITY Babies cry. Dogs bark. Children tug on sleeves. I Everyone has their own way of getting attention. SPDR® Gold Shares? Chances are they've already caught your eye. After all,530 words
-
-
Page 29 Advertisements
-
Advertisement130 2011-05-18 29 FOR SALE BY TENDER 333 thomson road Estate Agent License No. L*****25E Sale of 12 out of 20 Duplex Units District 11 Freehold Elevated Ground Fully Tenanted: Immediate Returns Tender Closing 26thMay 2011, 2.30pm INVESTMENT SALES 6533 0220 We help you to protect, grow and pass on your wealth. Our130 words
-
-
WEALTH TRENDS
-
Article, Illustration1923 2011-05-18 30 CONRAD TAN - Michael Coleman, founder and MD of Singapore-based Aisling Analytics, tells CONRAD TAN about the challenges facing start-up funds LEADERSHIP INSIGHTS CONRAD TAN This is the second of a six-part series on leadership and wealth insights brought to you by UBS LIFE has beenSTOCK.XCHNG - 1,923 words
-
Article380 2011-05-18 30 NEVILLE AZZOPARDI, JACQUELINE CHUA, TAMERA HODGES - By NEVILLE AZZOPARDI, JACQUELINE CHUA, TAMERA HODGES Neville Azzopardi is country team head, Singapore, and Jacqueline Chua is segment lead for financial services for UBS Wealth Management. Tamera Hodges is head of prime services sales, Asia Pacific, at UBS Investment Bank AS the global hedge fund industry380 words
-
-
Page 30 Advertisements
-
Advertisement175 2011-05-18 30 Until you see we're committed to performance. Performance that delivers results based on understanding your ambitions. Executed by dedicated professionals who clearly know what drives those in the financial sector. Until you know we offer customised solutions to help preserve and protect your wealth for the future. Please contact Jacqueline175 words
-
-
Who’s who in Law
-
Article, Illustration1770 2011-05-18 1 GRACE LEONG - Do Singapore laws give adequate protection to informants? How should we deal with those who are themselves offenders? GRACE LEONGlooks at the issues GRACE LEONG WOULDmassivecommercialfraud cases such as Asia Pacific Breweries’ Chia Teck Leng swindling four banks of $117 million to feed his gambling addiction, and Singapore1,770 words
-
1050 2011-05-18 1 BOB YAP - By BOB YAP The writer is the Head of Forensic Services at KPMG in Singapore THE latest weapon in the global fight against corruption, the UK’s Bribery Act 2010 (the Act), has been making waves among the legal and business communities around the1,050 words
-
Article, Illustration927 2011-05-18 2 WENDELL WONG - Singapore lawyers need to move out of their comfort zones to meet the evolving demands of a more globalised delivery of legal services By WENDELL WONG The writer is director, Litigation and Dispute Resolution, Drew Napier LLC IN an ever-changing world where business is conducted across bordersSTOCK.XCHNG - 927 words
-
Article, Illustration778 2011-05-18 2 CLIVE COOK, AI AI WONG, EDMUND LEOW - By CLIVE COOK, AI AI WONG EDMUND LEOW Clive Cook is Managing Principal and Ai Ai Wong and Edmund Leow are Principals at Baker McKenzie PRIOR to the liberalisation of Singapore’s legal sector a decade ago, international law firms were permitted to establish offshore practicesSTOCK.XCHNG - 778 words
-
Article, Illustration1236 2011-05-18 3 MAK YUEN TEEN - They have an important role to play in helping to improve corporate governance but there is also the potential for conflict of interest By MAK YUEN TEEN The writer is an associate professor at the NUS Business School LAWYERS play an important role in the corporateFILE PHOTO - 1,236 words
-
Article, Illustration941 2011-05-18 3 ANNABELLE YIP, ROSABEL NG - By ANNABELLE YIP ROSABEL NG Annabelle Yip is Joint Head Corporate Governance and Compliance Practice, and Rosabel Ng is Joint Head Environmental Green Economy Practice; WongPartnership A BLUEPRINT for Singapore’s sustainable development was unveiled in April 2009 by the Inter-Ministerial Committee for Sustainable Development. Titled “AAFP - 941 words
-
Article, Illustration1072 2011-05-18 4 CAVINDER BULL - Singapore has gained a reputation as an exceptional arbitration venue, and with this comes great opportunities By CAVINDER BULL The writer is a Senior Counsel and a director of Drew Napier IT is no longer unusual for us to hear plaudits for Singapore as aFILE PHOTO - 1,072 words
-
Article, Illustration1278 2011-05-18 4 LAU KOK KENG - By LAU KOK KENG The writer is Partner Head of Gambling Law Practice, Rajah Tann LLP GAMBLING is very much a way of life and a form of entertainment in Singapore. As an industry, gambling has existed in Singapore since the early colonial days. TheREUTERS - 1,278 words
-
Article, Illustration1159 2011-05-18 5 RAJESH SREENIVASAN, SHAMILA NATHAN - Legislation on a data protection regime will help Singapore preserve its position as a leading IT and communications hub By RAJESH SREENIVASAN, SHAMILA NATHAN Rajesh Sreenivasan is equity partner and Shamila Nathan is foreign lawyer with Rajah Tann LLP’s Technology, Media and Telecoms PracticeSTOCK.XCHNG - 1,159 words
-
Article, Illustration945 2011-05-18 5 CHUA SOON GHEE - By CHUA SOON GHEE The writer is vice-president and Partner at A. T. Kearney, a global management consulting firm WHEN IBM’s super-computer Watson won the Jeopardy game in the US recently against two long-time human Jeopardy champions through answering a series of unpredictable and945 words
-
-
Page 1 Advertisements
-
Advertisement54 2011-05-18 1 Fighting transnational crime PAGE 2 Liberalisation of Singapore’s legal sector PAGE 2 Lawyers in the boardroom PAGE 3 Cultivating a green landscape PAGE 3 A hotbed for arbitration talent PAGE 4 Evolution of Singapore’s gambling laws PAGE 4 Taking steps to ensure data privacy PAGE 5 Technology’s impact on the54 words
-
-
Page 6 Advertisements
-
Advertisement338 2011-05-18 6 Men&GledhiH At Allen Gledhill, we believe each day is an opportunity to make a positive difference. Allow us to share some views on the Allen Gledhill experience. THE ALLEN GLEDHILL EXPERIENCE FROM OUR CLIENTS Landmark Cases. Quality Resources. Cutting-Edge Solutions. They impressed me with their depth of understanding of Singapore338 words
-
-
Page 7 Advertisements
-
Advertisement552 2011-05-18 7 BAKER M9KENZIE.WONG LEOW Global Roots with Local Footprint The world's largest law firm and best known law brand*: As a member firm of Baker McKenzie one of the world's leading and most internationally diverse law firms, we have unrivalled reach into more than 65 locations. Three decades of experience in552 words
-
-
Page 8 Advertisements
-
Advertisement1561 2011-05-18 8 DLA PIPER EVERYTHING MATTERS Our clients are at the centre of everything we do. RECENT AWARDS AND ACCOLADES Leading firm in Singapore: Arbitration, Banking Finance, Capital Markets, Corporate M&A, Dispute Resolution, Insurance, Projects Energy Chambers Asia Pacific 2011 Leading firm in Singapore: Banking Finance, Capital Markets, Corporate M&A, International Arbitration,1,561 words
-
-
Page 9 Advertisements
-
Advertisement96 2011-05-18 9 www.drewnapier.com DREW&NAPIER ALTOGETHER WORLD CLASS IS mm Ear j gii? mr mm m «*mmm twe&wmmaam/ri uuumjbmp 51 A. i 'PI '-*!< !ijs?i P' 3 ■M wSm^SL .3 I_ 5 .TTB mm m Wmmmm x I m ES 10 IS 8 L 4 003''' m m mm vrLmMMU zno'g.:--' lis '^ppf'v96 words
-
-
Page 10 Advertisements
-
Advertisement1654 2011-05-18 10 OON BAZUL Oon Bazul, Singapore 36 Robinson Road, #08-01/06 City House Singapore *****7 Tel: (65) 6223 3893 Fax: (65) 6223 6491 Email: general@oonbazul.com Website: www.oonbazul.com Awards Accolades: CHAMBERS AL m sr All ALB SE Asia Law Awards 20/0 FINAUST 500 ASIA PACIFIC THE FIRM Oon Bazul is a Singapore law1,654 words
-
-
Page 11 Advertisements
-
Advertisement237 2011-05-18 11 RAJAH TANN Lawyers who know Asia Listening to Asia What is it that makes Rajah Tann a growing force in Asia, and beyond? Of course, it's a lot to do with the exceptional breadth and depth of our expertise. Across all our practice areas, our lawyers are among the most237 words
-
-
Page 12 Advertisements
-
Advertisement1160 2011-05-18 12 The best measure of success is when clients find their objectives have been fully served and supported by Rodyk, and so entrust future business to us, and recommend our work to others. A good year is when our clients’ trust in us is deepened, and the circle of clients for1,160 words
-
-
Page 13 Advertisements
-
Advertisement857 2011-05-18 13 Success as a law firm goes beyond merely delivering prompt and sound legal advice: It's about creating real value and building enduring relationships. Shook Lin Bok adds value in everything we do to help our clients succeed. Sarjit Singh Gill Senior Counsel, senior partner of Shook Lin Bok m i857 words
-
-
Page 14 Advertisements
-
Advertisement170 2011-05-18 14 STAMFORD LAW. n Excellent re spot utmost. strategist. Temasektakes stake in Olam "Excellent response time and commercial acumen Ezra Holdings is claiming more territory in the subsea market "they have been shining" Hyflux-Mitsui to take water trust private Fortis makes counter offer for Parkway "dynamic, forward-looking and aggressive" ING, OCBC170 words
-
-
Page 15 Advertisements
-
Advertisement332 2011-05-18 15 WONGPAR TNERSHIP SINGAPORE CHINA MIDDLE EAST 2 r We have always aimed to be more than just a domestic law firm one that also caters to multi-national clients and spreading our wings overseas. As our home-grown companies have ventured abroad, this regional push has become not just an aspiration but332 words
-
-
Page 16 Advertisements
-
Advertisement1039 2011-05-18 16 TSMP fflDDOimm <3 LAW CORPORATION m m 6 BATTERY ROAD #33-01 SINGAPORE *****9 TEL: 6534 4877 FAX: 6534 4822 TSMP@TSMP.COM.SG WWW.TSMPLAW.COM K ■>s {#SMP has a unique blend of cutting edge legal expertise and personal attention to client requirements... TSMP has been nothing short of fantastic. They are very professional,1,039 words
-