The Business Times, 22 May 2012

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Microfilm: NL32011
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, May 22, 2012
    25 words
  • Article, Illustration
    Lock icon China aims to put its growth back on track
    756 1  -  Premier Wen’s stance suggests that more easing measures could be on the way to spur growth By VIRGINIE MANGIN in Beijing CHINA has decided to rev up its slowing economy and more easing measures could be on the way. A hint
    756 words
  • Article
    Lock icon Facebook millionaire spillover unlikely to make a splash on Singapore’s shores
    718 1  -  By JOYCE HOOI [SINGAPORE] Visions of newly minted Facebook IPO millionaires carting their wealth to Singapore a la Facebook co-founder Eduardo Saverin are premature, people in the tech industry say. While the IPO might have created a new class
    718 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      111 1 GST INDEX 2,790.16 (+11.06) GST INDEX FUTURES 2,790 (+11) GSIMSCI 318.10 (+0.95) GSIMSCI FUTURES 317.90 (+2.40) FOREX US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.583 2.012 EURO (US$/S$/E) 1.277 1.624 Foreign currency per US$ S$ YEN 79.30 62.40 RM 3.133 2.464 HK$ 7.764 6.107 BAHT 31.33 24.64
      111 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.598 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
      18 words
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      225 1 FORMULA ONE F1 flags off pre-marketing for IPO PAGE 2 SME Inc Fresh ideas to boost product quality PAGE 12 OPINION Building a company’s soul: The CapitaLand story PAGE 23 PRODUCTIVITY MATTERS Helutrans takes the unchartered road to specialise in art logistics PAGE 13 YCH’s automated productivity booster PAGE 13
      225 words
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  • TOP STORIES
    • Article
      Lock icon Formula One flags off pre-marketing for IPO
      508 2 Company seeks to raise at least US$2.5b in S’pore initial public offering Reuters [HONG KONG] Motor racing business Formula One will start pre-marketing for its up to US$3 billion Singapore initial public offering (IPO) today after receiving approval from the city’s stock exchange
      Reuters  -  508 words
    • Article, Illustration
      Lock icon Desmond Choo says residents a lot warmer towards him
      548 2  -  But he remains realistic, downplays expectations By LEE U-WEN [SINGAPORE] Despite many residents saying that he has a “real good chance” of winning the Hougang by-election on Saturday, People’s Action Party candidate Desmond Choo is quick to downplay expectations. “I think
      DESMOND FOO/THE STRAITS TIMES  -  548 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      632 2 China aims to put its growth back on track CHINA has decided to rev up its slowing economy and more easing measures could be on their way. A hint of the new approach came from Premier Wen Jiabao himself. During an inspection tour in Hubei province on Sunday,
      632 words
    • Article
      Lock icon Crowdfunding makes its rounds in Startup Land
      385 2  -  By JOYCE HOOI [SINGAPORE] The Facebook initial public offering might have reignited talk of angel investors, but a diametrically opposing idea crowdfunding is being championed by some in the startup world. In the United States, crowdfunding in which a large number of individuals
      385 words
    • Article, Illustration
      Lock icon Asia-Pacific pay hikes to stay higher than inflation: survey
      572 4  -  In Singapore, financial sector leads with a budgeted 5%, against the average of 4.5% By CHUANG PECK MING [SINGAPORE] Employers still in need of workers in the Asia-Paci-fic economies remain mindful of the inflationary pressures as they work out pay increases
      YEN MENG JIIN  -  572 words
    • Article, Illustration
      Lock icon Zuckerberg’s wedding timed perfectly
      783 4 Smart move by FB founder to get hitched post-IPO Reuters [SAN FRANCISCO] Getting married was a smart business move as well as a personal milestone for Facebook chief Mark Zuckerberg, with the timing of the wedding, the day after the company’s initial public offering, potentially proving
      Reuters; REUTERS  -  783 words
    • Article
      Lock icon US firm loses case against Indonesia firm, its parent
      808 4  -  Medley had sued them to recover 184.4b rupiah Reports by GRACE LEONG [SINGAPORE] A US investment company has lost a bid in Singapore to recover 184.4 billion Indonesian rupiah (S$25.1 million) in alleged misappropriated funds from an Indonesian multi-financing company and
      808 words
    • Article
      Lock icon Suit withdrawn, Morgan Stanley to pay $2k costs
      225 4 [SINGAPORE] Morgan Stanley yesterday voluntarily withdrew a lawsuit it filed in the High Court to stop 18 Singapore investors of the failed Pinnacle Notes from trying to recover US$154.7 million in investment losses in New York. Assistant Registrar Tham Lijing also ordered
      225 words
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      52 3 Asset Management Wealth Management Asset Services Advice. Best received before you need it. i as Pictet Cie, Geneva Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo Montreal Nassau Taipei Osaka www.pictet.com 18 0 5 PICTET
      52 words
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      82 5 "To me, insurance should be a source of comfort, not confusion." Zurich has 140 years of experience and over 60,000 employees serving customers worldwide. We make every effort to clarify what you need to know about your insurance, every step of the way. For solutions to meet your protection, savings
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  • COMPANY NEWS
    • Article
      Lock icon Stiffer competition in CDL Hospitality Trusts’ space
      1095 6  -  But low potential distribution yields and weak stock market don’t favour Reit IPOs NEWS ANALYSIS By KALPANA RASHIWALA CDL Hospitality Trusts (CDLHT) enjoys a niche as Singapore’s only hotel real estate investment trust (Reit) and is a good proxy for the buoyant tourism
      1,095 words
    • Article, Illustration
      Lock icon GLP tie-up to develop US$169m facility in Japan
      347 6  -  By EMILYN YAP A JOINT venture between Global Logistic Properties (GLP) and a Canadian pension fund will be developing a US$169 million logistics facility in Japan this year. Called GLP Atsugi, the large-scale multi-tenant facility will have a floor area of 109,500
      347 words
    • Article, Illustration
      Lock icon Popiah king Sam Goi likely to become JEL director
      596 7  -  He has asked for board seat if share placement is approved, says CEO By JASMINE NG “POPIAH king” Sam Goi Seng Hui, who looks set to become the controlling shareholder of JEL Corp in a proposed private placement, may come on
      BETTY CHUA/LIANHE ZAOBAO  -  596 words
    • Article
      Lock icon Depository DTCC to base Asian data hub in S’pore
      269 7  -  By KENNETH LIM A LEADING global trade repository will base its Asian data centre in Singapore, the Depository Trust Clearing Corp (DTCC) said yesterday. The data centre will be DTCC’s first in Asia, and will be part of a worldwide network
      269 words
    • Article
      Lock icon Analysts keen on Noble, IndoAgri; less on Wilmar, Olam
      559 7  -  By KENNETH LIM NOBLE Group and Indofood Agri Resources are the darlings of commodity analysts following the year’s first reporting season, while views have soured slightly on Olam International and Wilmar International. Almost all the Singapore-list-ed commodity-related plays reported weaker year-on-year
      559 words
    • Article
      Lock icon UBS eyes up to 15% of Asia’s family office market
      480 9 Family offices likely to mushroom with Asia-Pac’s growing wealth creation UBS is targeting to capture 10 to 15 per cent of the family office clients market in Asia by the end of this year less than one year after it
      480 words
    • COMPANY BRIEFS
      • Article
        Lock icon ComfortDelGro’s China unit sells bus company
        84 9 COMFORTDELGRO Corporation Ltd’s wholly owned subsidiary, ComfortDelGro (China) Pte Ltd, has sold Shenyang ComfortDelGro Bus Co Ltd for 248.35 million yuan (S$50.04 million) based on net asset value. The divestment to Shenyang Metro Bus Co Ltd is “in line with the agreement reached with
        84 words
      • Article
        Lock icon ST Engrg arm ups paid-up capital in unit
        77 9 ST Engineering said its electronics arm, ST Electronics, has increased its issued and paid-up capital in STELOP Pte Ltd an electro-optics (EO) application solutions provider 50.05 per cent owned by ST Electronics to $2 million from $1.5 million. The increase in paid-up
        77 words
      • Article
        Lock icon NSL’s Thai associate shuts down operations
        86 9 IN an update on a fire incident, NSL Ltd said its indirectly owned associated company BST Elastomers Company (BSTE) in Thailand has shut down a badly damaged butadiene rubber facility for investigations. The facility of BSTE’s holding company Bangkok Synthetic Company (BST) has also
        86 words
      • Article
        Lock icon Darco sells 60% stake in unit for 95.8m yuan
        36 9 DARCO Water Technologies is selling a 60 per cent stake in its wholly-owned subsidiary Darco Environmental Pte Ltd for 95.8 million yuan (S$19.3 million) to Salcon Berhad.
        36 words
      • Article
        Lock icon Pollux expects to post pre-tax loss
        50 9 POLLUX Properties expects to report a pre-tax loss for the financial year ended March 31, 2012. This is due mainly to the group’s disposal of the home furnishing division and building materials division last year, and the delay in launching three property development projects.
        50 words
    • Article
      Lock icon Midas bags two metro deals worth 62m yuan
      336 9  -  Deals involve supply of aluminium alloy extrusion profiles By GLENN CHOO MIDAS Holdings Ltd has secured two metro contracts worth 62.2 million yuan (S$12.5 million). The group won the deals through its aluminium alloy division, Jilin Midas Aluminium Industries Co Ltd. The
      336 words
    • Article, Illustration
      Lock icon Hong Kong’s £1.2b bid for LME is ironclad
      604 9 Reuters [LONDON] A £1.2 billion (S$2.4 billion) bid from Hong Kong for the London Metal Exchange could be hard to beat on price and carried assurances about maintaining the LME’s 135-year-old traditions, sources familiar with the matter said last Friday. The offer
      Reuters; BLOOMBERG  -  604 words
    • Article
      Lock icon JPMorgan to return US$168m to MF Global’s estate
      654 9 Reuters [NEW YORK] JPMorgan Chase Co, under scrutiny for its ties to collapsed commodities firm MF Global, will return US$168 million to the estate of MF’s broker-dealer, the estate’s trustee announced last Friday. James Giddens, tasked with winding down the estate and
      Reuters  -  654 words
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      Lock icon Page 6 Advertisements Column 1
      735 6 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00
      735 words
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      214 7 i t ii A awn aE-'gt-i k .< VITO !Wf SPRINTER Q Mercedes-Benz Light Commercial Vehicles. All the space and even more room to negotiate. Open House 24th May 2012 11am 3pm $2,000 service credit Free 1st month instalment Free 12 months’road tax We welcome you to experience the safety,
      214 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Modest rebound in featureless trade
      580 8  -  STI recovers 11.06 points as investors, having driven the index down 212 points in 2 weeks, indulged in short-covering STOCKS R SIVANITHY Senior Correspondent IN low volume, the Straits Times Index yesterday ended a featureless and boring day with a nett 11.06-point rise to 2,790.16
      Source: Bloomberg  -  580 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 May 21 VALUE CLOSE BT OB/OS -1174.00 +463.0 BT CADI -*****.00 +148.0 BT 10-day MA -*****.00-117.00 FTSE ST Mid Cap 641.89 +3.00 FTSE ST Small Cap 416.56 +3.92 FTSE ST All Share 673.63 +2.93 FTSE ST China Top 190.97 +2.68 FTSE ST China 220.81 +2.38 FTSE ST
      65 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 4 0 0 0 7 5 4 Manufacturing 61 25 39 7 6 9 68 31 48 Commerce 27 7 19 3 1 5 30 8 24 Tpt/Stor/Comms 17 12 8
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      940 8  -  Compiled by JAMIE LEE Singapore strategy DBS Vickers Securities, May 21 Q1 2012 results no sign of turnaround yet. Q1 2012 results crushed optimism of an earnings recovery, as the final tally for DBSV coverage of 120 stocks showed an 18 per cent sequential drop, and one per
      940 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,826 11,826 45,849 45,849 Manufacturing 201,034 128,515 329,549 118,712 7,260 125,971 Commerce 245,824 5,778 251,602 126,162 396 126,558 Tpt/Stor/Comms 68,667 6,404 75,071 129,720 1,796 131,515 Finance 17,049 143 17,192 144,756 31 144,787 Construction 64,925 15,116
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.380 +0.010 CapitaLand 2.510 +0.010 CapitaMall 1.795 +0.025 CityDev 9.890 ComfortDelGro 1.475 -0.005 DBS Grp 13.190 -0.080 F&N 6.540 +0.130 GLP 1.990 +0.015 Genting SP 1.540 +0.010 Golden Agri 0.640 +0.005 HK Land 5.800 +0.090 JMH 49.880 +0.380 JSH 31.400 +0.050
      111 words
    • Article, Illustration
      Lock icon Euro steadies vs US$ on profit-taking
      517 8 CURRENCIES Reuters [LONDON] The euro steadied against the US dollar yesterday, rising above last week’s four-month low as some investors took profit on recent bearish bets, although concerns about financial turmoil in Greece and Spain kept the common currency vulnerable. Speculators who had piled
      Reuters; AFP  -  517 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME ChinaFashion 99,514,000 JEL Corp 79,352,000 Golden Agri 60,609,000 MDR 47,973,000 NexGenSCom 44,507,000 TT Intl 35,668,000 Noble Grp 33,627,000 Olam 24,043,000 HLH Grp 23,612,000 Yangzijiang 21,247,000 VALUE($) DBS Grp 81,830,560 SingTel 65,431,161 Olam 42,098,950 Golden Agri 39,154,643 CapitaLand 39,134,846 Noble Grp 36,336,340 Genting SP 31,084,815 UOB 30,838,620
      56 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 179.3 0.7 DBXT MSKorea 10US$ 5141 77.6 1.2 DBXT FTVietnam 10US$ 2454 68.7 2.3 DBS Bk 4.7% NCPS 100 ***** 67.0 0.6 GLD 10US$ ***** 52.1 0.3 JMH 4988 48.3 0.8 OCBC Bk 4.5%NCPS 100 ***** 40.0 0.4 DBXT E50 10US$
      114 words
    • Article
      Lock icon FALLS
      131 8 BY CENTS CLOSE DOWN DBXT SPASX200 10US$ 3045 -114.4 -2.9 Lyxor US DJIA 10 US$ 1259 -100.4 -5.9 IS S&P500 ***** -85.2 -0.5 Lyxor EmergingMkts 1 908 -66.1 -5.4 OCBC Bk 5.1%NCPS 100 ***** -40.0 -0.4 DBXT MSBrazil 10US$ 507 -35.6 -5.2 UOB 5.05%NCPS 100 ***** -29.0 -0.3 Lyxor
      131 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      37 9 In uncertain times, you need a sound Multi-expert asset manager Seven strings in harmony, AXA INVESTMENT MANAGERS composes your Investment Solutions www.axa-im.com AXA Investment Managers Asia Limited Tel: +852 2285 2000 Fax: +852 2285 2999 Email: axaimasiasales&marketing@axa-im.com
      37 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Excess hostility may deter foreign talent
      553 10  -  Stanchart CEO says important that S’pore does not lose appeal to top talent By MALMINDERJIT SINGH SINGAPORE needs to be careful that the discussion on foreign talent and immigration does not reach a pitch that prevents multinationals from attracting top talent here, the head
      553 words
    • Article
      Lock icon S’pore has lowest talent risk in Asia Pac
      433 10  -  But demographics, tertiary enrolment rate are minuses By JASMINE NG SINGAPORE has the lowest talent risk in Asia Pacific, according to a global study by human resources business Aon Hewitt. This means organisations here face the least risk among 50 Asian cities
      433 words
    • Article
      Lock icon S’pore foreign wholesale trade up 12.7% in Q1
      270 10 FOREIGN wholesale trade grew 12.7 per cent in the first quarter from a year ago, the Department of Statistics said yesterday. Compiled quarterly, Singapore’s foreign wholesale trade index reflects changes in domestic exports, re-exports, transhipment cargo and offshore merchandise. Most sectors posted
      270 words
    • Article
      Lock icon IE S’pore opens office in non-traditional market Turkey
      626 10  -  It aims to help firms capture business opportunities there By MALMINDERJIT SINGH AS part of Singapore’s efforts to build Globally Competitive Companies (GCCs), International Enterprise (IE) Singapore is expanding into another non-tradition-al market for companies to grow overseas. IE will be opening
      626 words
    • Article, Illustration
      Lock icon Harkening back to the Lan Fang Republic
      963 10  -  SINGAPORE ARTS FESTIVAL By CHEAH UI-HOON IF only history could be taught this way, a lot more people would be interested in their local history. Not that artist Choy Ka Fai had much to work with as the trail to uncover information about
      LAW KIAN YAN  -  963 words
    • Article
      Lock icon Four scientists lauded for work with SMEs
      608 10  -  By RACHEL AU-YONG ONE scientist built a laboratory from scratch to enable a plastics and mechanical parts company to begin serving the automotive industry. Another two worked on software that helps distribute spare aeroparts among airports potentially minimising the number of ground delays.
      608 words
    • Article, Illustration
      Lock icon Engineering leading solutions
      782 11  -  With a start-up capital of $10,000 in 2006, Hope Technik’s revenues now run into the multi-millions, reports GLENN CHOO reportsGLENN GLENN CHOO TWO years ago, when the Red Rhino was shown at the National Day Parade, there was an exuberance of pride felt by the team at
      ARTHUR LEE  -  782 words
    • Article, Illustration
      Lock icon Revolutionising medical recording
      861 11  -  All hospitals here use at least one system from Medisys Innovation, reports EVE YEO reportsEVE reportsEVE YEO TO promote his new software for electronically handling medical information, he went from one doctor to another across hospitals in Singapore. They shut the door in his face as he
      ARTHUR LEE  -  861 words
    • Article, Illustration
      Lock icon Public expectations of civil servants rising: DPM
      445 11  -  By LEE U-WEN SINGAPOREANS’ expectations of the country’s public service are rising and there is much more scrutiny of the things that public officials do these days, said Deputy Prime Minister and Home Affairs Minister Teo Chee Hean. “Public spotlight has been cast
      445 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Lee Kuan Yew to visit Tokyo
        67 11 FORMER minister mentor Lee Kuan Yew will visit Tokyo on May 22-26. Mr Lee will attend a dinner hosted by the Emperor and Empress of Japan, and meet senior Diet members and top industry leaders. Mr Lee will also be speaking at a dialogue
        67 words
      • Article
        Lock icon Hsieh Fu Hua to head NCSS
        119 11 FORMER Singapore Exchange CEO Hsieh Fu Hua has been appointed the new president of the National Council of Social Service (NCSS) board for a two-year period from Aug 1. He will take over from Kwek Siew Jin. Mr Hsieh is no stranger to non-profit
        119 words
      • Article
        Lock icon Labour survey to cover 33,000 households
        36 11 THE Manpower Research and Statistics Department of the Ministry of Manpower is conducting a comprehensive labour force survey from May 23 to July 31 on a sample of 33,000 households.
        36 words
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  • SME Inc
    • Article, Illustration
      Lock icon Fresh ideas to boost product quality
      1006 12  -  Freshening adopted various productivity schemes to help the group expand fast, reports AMANDA EBER AMANDA EBER EVEN if they are not familiar with the brand, chances are most people would have encountered Freshening’s products at least once in their life. The homegrown enterprise is
      ARTHUR LEE  -  1,006 words
    • Article, Illustration
      Lock icon Taking the innovation route to becoming an MNC
      914 12  -  DESAIARCOT NARASIMHALU Engage SMU profs The writer is a professor of information systems (practice) at the School of Information Systems. He is also director of the Institute of Innovation and Entrepreneurship Q: How can SMEs grow to become regional and global multinationals?
      914 words
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      181 12 HAVE an interesting story on an SME that you would like to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages details like how much the company has grown, and what sort of expansion plans it has, would be
      181 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon The art of going niche
      1403 13  -  Helutrans takes the unchartered road to specialise in art logistics, training its staff mostly on the job, reports LYNN KAN reportsLYNN LOGISTICS LYNN KAN ALL it took was a crate that was as prettily put together as the art work it carried to kickstart Helutrans
      YEN MENG JIIN  -  1,403 words
    • Article
      Lock icon Where to go Key schemes
      286 13 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Productivity and Innovation Credit (PIC) Companies can get up to 50% co-funding for
      286 words
    • Article, Illustration
      Lock icon YCH’s automated productivity booster
      890 13  -  By LYNN KAN HOMEGROWN logistics provider YCH’s most trusty productivity booster has to be its automated, storage and retrieval system (ASRS). More than a decade old, the $25 million ASRS is still impressive. Nearly the size and height of an entire warehouse, yet nary a soul
      ARTHUR LEE  -  890 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Thai economy rebounds, recovers from floods
      513 14 Robust Q1 growth of 11 q-o-q; central bank seen holding rates steady in June Reuters [BANGKOK] Thailand’s economy expanded a robust 11 per cent in the first quarter from the previous three months, rebounding from last year’s severe flooding, and strong full-year growth is
      Reuters; BLOOMBERG  -  513 words
    • Article, Illustration
      Lock icon Obama faces worst market since Reagan
      882 14 Speculation about his fortunes shift with stock market Bloomberg [NEW YORK] With only six months before the election, the stock market is giving US President Barack Obama the worst returns since Ronald Reagan was seeking a second term. The Standard Poor’s 500 Index is
      Bloomberg; AP  -  882 words
    • Article
      Lock icon US job market seen picking up in 2013
      308 14 Nabe survey forecasts jobless rate at 7.5% by the end of next year Reuters [WASHINGTON] The US labour market will strengthen significantly next year, with monthly job growth expected to average 200,000, according to a new survey published yesterday. The National Association
      Reuters  -  308 words
    • Article
      Lock icon US economy needs ‘measured’ boost
      549 14 QE3 is not off the table, says Atlanta Fed president Reuters [WASHINGTON] The US economy needs “measured” efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal
      Reuters  -  549 words
    • Article
      Lock icon Pay freeze at most City investment banking jobs
      219 14 Reuters [LONDON] Pay was frozen in more than nine out of 10 types of investment banking jobs in the City of London financial district over the past year, according to research published yesterday by financial services recruitment firm Astbury Marsden. The research,
      Reuters  -  219 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia, Australia to sign FTA today
      487 15  -  Accord to let Aussies own up to 70% of M’sian firms in some services sectors By PAULINE NG in Kuala Lumpur MALAYSIA will sign a free trade agreement (FTA) with Australia today in a comprehensive trade, services and investment deal that will allow Australians
      AFP  -  487 words
    • Article
      Lock icon Gas M’sia plans RM734m public offering
      253 15 Bloomberg [KUALA LUMPUR] Gas Malaysia Bhd, an energy distributor linked to Malaysian billionaire Syed Mokhtar Al-Bukhary, said that it wants to raise about RM734 million (S$298 million) in an initial public offering (IPO) here. Existing stockholders, including MMC Corp, plan to sell 333.8 million
      Bloomberg  -  253 words
    • Article, Illustration
      Lock icon Golkar Party chief testing presidential waters
      569 15 Reuters [TANGERANG, Indonesia] There are many ways to describe Indonesia’s Aburizal Bakrie: multi-millionaire businessman, global mining tycoon, heavyweight contender for the presidency in 2014. One description that does not spring to mind is man of the common people. So when Mr Bakrie strode into
      Reuters; REUTERS  -  569 words
    • Article
      Lock icon S Korea SMEs moving to M’sia
      220 15 [KUALA LUMPUR] The high cost of doing business in South Korea has prompted many of its small and medium size entrepreneurs (SMEs) to move to Malaysia to tap the growth of the South-east Asian market. There are now more than 5,000 South Korean SMEs
      220 words
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      104 15 CHINESE INTERNATIONAL SCHOOL EAST WEST EDUCATION CNI5 CHINESE INTERNATIONAL SCHOOL CPE Registration No: *****7850N Validity Date: 26 Apr 2011 -25 Apr 2015 ?iqo (*j K W n 31 te ao aj P\ du. 9 r ft a s. r. •TF > V AN IB WORLD SCHOOL Bilingual Learning in English
      104 words
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      842 16 / 17 V 'W S 'i 0 OVE& O Humbly We Rise ART OF RISING hr BEYOND^ VB i u X Jfi*Jt\ 'V w i n \v 91 Galmon (S) Pte Ltd began its journey on 25th May 1982 as the pioneer in the Mobile Elevating Work Platform (MEWP) industry in the
      842 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China metals glut not good for global prices
      1028 18 Countrys’ small and medium sized manufacturers and traders badly hit Reuters [QINGDAO, China] When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could
      Reuters; REUTERS  -  1,028 words
    • Article, Illustration
      Lock icon China group to buy US cinema chain
      676 18 US$2.6b deal to create world’s biggest theatre firm AP [BEIJING] A Chinese conglomerate announced yesterday it will buy a major US cinema chain, AMC Entertainment Holdings, for US$2.6 billion in China’s biggest corporate takeover in the United States to date. Dalian Wanda Group
      AP; REUTERS  -  676 words
    • Article
      Lock icon China to open railway industry to private investors
      352 18 Reuters [BEIJING] China’s railway industry will open to private investment on an unprecedented scale, according to a document issued over the weekend by the Ministry of Railways, which is struggling with mounting debts and a corruption scandal while attempting to resolve the
      Reuters  -  352 words
    • Article
      Lock icon Wipro eyeing US$1 b acquisitions
      571 18 Bloomberg [NEW YORK] Wipro Ltd is seeking to make more than US$1 billion in acquisitions over the next 18 months, adding intellectual property and software to help boost profit, chairman Azim Premji said. India’s third largest computer-services provider is targeting deals between about US$50 million
      Bloomberg  -  571 words
  • Page 18 Advertisements
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      109 18 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
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      118 18 Men’sHealth SHAPE LUNCH ON US! ROADSHOW 3WEEKSTOA BODY! in H i-.av m m jsk y uwww< lJ-1 I MM ghl-loss tnrk.s l*j{ SI s fc ABS PERFECT YOUR RUNNING STRIDE FOR LIFE STOP LYING TO YOUR DOCTOR DO ENERGY DRINKS REALLY BOOST PERFORMANCE? 3 l.l ll.iatjl I OMIOK MH)|1 BLUBB
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  • WORLD
    • Article
      Lock icon Push for mutualised European debt
      582 19 Hollande, allies expected to lobby for this at Brussels summit this week Reuters [BRUSSELS] French President Francois Hollande and like-minded eurozone leaders are expected to promote the idea of mutualised European debt at an informal summit in Brussels this week, increasing pressure on German Chancellor
      Reuters  -  582 words
    • Article, Illustration
      Lock icon Greece’s Tsipras tours European capitals for talks
      609 19 Reuters [ATHENS] The charismatic Greek leftist who could determine the fate of the euro begins a tour of European capitals on Monday carrying a single message: it’s time to talk. In an interview on the eve of his first visit abroad since his
      Reuters; REUTERS  -  609 words
    • Article, Illustration
      Lock icon Bee Gees’ Robin Gibb dies after long cancer battle
      490 19 AP [LONDON] With his carefully tended hair, tight trousers and perfect harmonies, Robin Gibb, along with his brothers Maurice and Barry, defined the disco era. As part of the Bee Gees short for the Brothers Gibb they created dance floor classics
      AP; AFP  -  490 words
    • Article
      Lock icon JPMorgan risk chief said to have history of trading losses
      546 19 Bloomberg [NEW YORK] Irvin Goldman, who oversaw risks in the JPMorgan Chase Co unit that suffered more than US$2 billion in trading losses, was fired by another Wall Street firm in 2007 for money-losing bets that prompted a regulatory sanction
      Bloomberg  -  546 words
    • Article
      Lock icon Barclays to sell US$6.1 b BlackRock stake
      384 19 Reuters [LONDON] British bank Barclays is selling its near-20 per cent stake in US asset manager BlackRock, worth US$6.1 billion, as tougher global regulations have cut the attraction of such holdings. Barclays has held the stake for almost three years, a legacy of
      Reuters  -  384 words
    • Article, Illustration
      Lock icon Technical issues hit Facebook debut
      777 20 But Nasdaq CEO says Facebook’s share performance wasn’t affected NYT [NEW YORK] The chief executive of the Nasdaq stock market acknowledged on Sunday that technical issues had marred the debut of Facebook as a public company last Friday, but contended that the missteps did not
      NYT; AP  -  777 words
    • Article
      Lock icon Yahoo to sell half of its stake in Alibaba
      592 20 NYT [NEW YORK] Yahoo’s directors unanimously approved a deal on Sunday to sell about half of its 40 per cent stake in the Alibaba Group back to the Chinese Internet company, concluding years of efforts by the two to reach an
      NYT  -  592 words
    • Article
      Lock icon Germany’s exporters keeping its economy out of recession
      720 20 Specialised product, flexible labour market help too Bloomberg [FRANFURT] Intesa Sanpaolo SpA economist Annamaria Grimaldi has never lived in Germany and doesn’t speak the language, yet she’s still the top forecaster of the country’s most-watched economic indicator. The Ifo institute’s business confidence
      Bloomberg  -  720 words
    • Article, Illustration
      Lock icon Drugmakers work to keep medicines flowing into Greece
      565 20 Reuters [LONDON] International drugmakers are working with European authorities on emergency plans to keep medicines flowing into Greece if the country crashes out of the euro. Discussions have intensified in recent days, according to industry sources, and manufacturers are looking closely at
      Reuters; AP  -  565 words
    • Article
      Lock icon Overseas lending by Japan banks ‘will help rating’
      390 20 Bloomberg [TOKYO] Increased lending abroad by Japan’s three biggest banks is positive for their credit standings as they fill a void left by European rivals retreating amid the region’s sovereign debt crisis, Moody’s Investors Service said. “These banks have good liquidity and
      Bloomberg  -  390 words
    • Article, Illustration
      Lock icon Fukushima concerns warranted: minister
      602 21  -  Fears surface over safety risk posed by reactor No 4 By ANTHONY ROWLEY in Tokyo A SENIOR Japanese government official acknowledged yesterday that “some concerns might be warranted” still over ongoing risks at the crippled Fukushima Daiichi nuclear power complex. The admission by senior viceminister for
      AFP  -  602 words
    • Article
      Lock icon Biggest pay rise in 20 years for 3.6m Germans
      818 21 Car and engineering industry workers to get 4.3% pay hike Reuters [BERLIN] A record-break-ing pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe’s biggest economy and help towards adjusting the
      Reuters  -  818 words
    • Article, Illustration
      Lock icon Ex-Goldman, P&G director’s insider trading trial begins
      537 21 Reuters [NEW YORK] Barely a day went by at the insider trading trial of multimillionaire hedge fund founder Raj Rajaratnam a year ago without mention of Rajat Gupta, a boldface name in business and charity circles. Yesterday in the same federal court in
      Reuters  -  537 words
    • Article
      Lock icon Japan seeks investment pact with Myanmar
      178 21 AFP [TOKYO] Japan said yesterday it is in talks with Myanmar on an investment treaty, with Tokyo eyeing terms to help companies in the isolated nation as it embraces democratic reforms. A second round of the negotiations, which began in February, will start in
      AFP  -  178 words
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      593 19 WATS NOTICES HAW PAR CORPORATION LIMITED (Incorporated in Singapore) (Company Reg. No. *****0437M) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, mislaid or destroyed: Certificate Nos. In the Name of No. of Shares *****4-9 Strabul Nominees Ltd 1,000 *****26-3 Strabul Nominees Ltd 100 NOTICE IS HEREBY GIVEN
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  • Page 21 Advertisements
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      38 21 91.3FM LIVE CHARTS i t Glv0 Your Heart a Brook A Thousand Years CMstntPfrl Summer Paradise SlmotaPlan iOMrsBKiujs: C Q w V DOWNLOAD THE NEW 31.BFM APR NOW! 91.3FM TODAY'S BEST MUSIC Available on the J App Store
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      27 21 www.omy.sg A m K m 3 u w aii K K)150€®§ DX Dtc I i asm 0 0 sgblogawards.omy.sg 0 Download FREE QR Code Reader, e.g. BeeTagg
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  • EDITORIAL & OPINION
    • Article
      Lock icon And now for growth in the eurozone
      528 22 EDITORIAL ONE clear outcome of the G-8 discussions over the weekend on ways to kick-start the world economy was that austerity policies are no longer the way to go. With US President Barack Obama, other world leaders and even the IMF already favouring
      528 words
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      Lock icon Hong Kong needs rules to control filibustering
      773 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE appearance in the Hong Kong legislature of filibustering the practice of allowing one or more members to delay or prevent a vote on
      773 words
    • Article, Illustration
      Lock icon Political summer heats up in Washington
      1233 22  -  Democrats, Republicans resume debate over national debt ceiling ahead of elections LEON HADAR Washington Correspondent AS public and media attention focus on the presidential election and Congressional races this year, the expectation in Washington has been that not a lot was going to happen
      AP  -  1,233 words
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      Lock icon Building a company’s soul
      1673 23  -  CapitaLand Hope Foundation has made lives more meaningful within CapitaLand and touched lives outside the company By LIEW MUN LEONG The author is president and CEO of CapitaLand. This article is an edited version of an email he sent to his staff on the company’s activities
      1,673 words
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      Lock icon Return to stronger financial regulation needed
      830 23  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT SOMETIMES it’s hard to explain why we need strong financial regulation especially in an era saturated with pro-business, pro-market
      – NYT  -  830 words
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  • AVIATION
    • Article, Illustration
      Lock icon UAE’s aerospace dream blooms in the desert
      1168 24 Strata spearheads Abu Dhabi’s plans to diversify oildependent economy Reuters [AL AIN, United Arab Emirates] Ross Bradley welcomes a delegation of aerospace suppliers in from the blistering heat of the Arabian desert and cools them down with some refreshingly candid advice. “You are
      Reuters; REUTERS  -  1,168 words
    • Article, Illustration
      Lock icon Qantas to close a maintenance unit, cut jobs
      433 24 AFP [SYDNEY] Embattled Australian flag carrier Qantas will axe 500 jobs in its heavy maintenance and engineering operations as part of a restructuring to help slash costs. The move follows an 83 per cent slump in first-half net profit for the six
      AFP  -  433 words
    • Article
      Lock icon Thai Airways may set up regional budget carrier
      679 24 After strong Q1, it expects to meet this year’s profit target Reuters [BANGKOK] Thai Airways International pcl may set up a new budget carrier to tap strong demand in the regional no-frills sector and the group is on track to achieve its
      Reuters  -  679 words
    • Article
      Lock icon NZ plans to lift curbs on airline ownership
      388 24 Xinhua [WELLINGTON] The New Zealand government is proposing to scrap foreign ownership limits on the country’s airlines except for national carrier Air New Zealand. Transport Minister Gerry Brownlee said this yesterday when he launched a discussion document on New Zealand’s international air
      Xinhua  -  388 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      366 24 CRYPTIC CROSSWORD Across 1 Part, we hear, by counter is protection for car? (7) 5 Key friend retaining four books (7) 9 Mean type occupied by exam, sanctimonious sort (9) 10 City left with nothing (5) 11 Private comment is part of bias I detected (5) 12 Abode about to
      366 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Queensland downsizing expansion of coal port
      598 25 Costs are huge and scale too big, govt says, after Rio Tinto pulls out of talks Bloomberg [SYDNEY] Queensland’s state government, inheriting a planned A$9 billion (S$ 11.4 billion) coal port expansion from the previous administration, cut the scope of the project, saying it’s
      Bloomberg; AFP PHOTO/GREENPEACE  -  598 words
    • Article
      Lock icon Greece exit from eurozone little financial impact on Costamare
      536 25 Reuters [LONDON] Greek container ship owner Costamare could cope with a a Greek exit from the eurozone because its business is mostly in US dollars and its ships chartered by big international companies. “Practically (a Greek eurozone exit) would not change
      Reuters  -  536 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 25 SGX '000 May 21 S$ +/-Vol CH Offshore 0.41 0.01 199 Chuan Hup Hldg unch unch 0 Cosco Corp 0.90 0.02 5217 s$ Ezra Hldgs 0.96 0.02 2289 First Ship Lea 0.17 -0.02 825 Freight Links 0.06 unch 520 Grand Banks unch unch 0 Jaya Hold Ltd 0.54
      255 words
    • Article, Illustration
      Lock icon Call to review pass through Great Barrier Reef
      518 25 Aussie marine pilots warn of dangers due to shipping accident AFP [SYDNEY] Australian marine pilots yesterday called for a review of how ships pass by the Great Barrier Reef, warning of the risk of a major environmental disaster on the tourist attraction.
      AFP  -  518 words
    • Article
      Lock icon EU dilutes plans for tougher curbs on sulphur in ship fuel
      538 25 Bloomberg [ATHENS] European Parliament negotiators scaled back plans for tougher restrictions on sulphur in ship fuel because of governments’ concerns about industry costs projected as high as 11 billion euros (S$18 billion) a year. Representatives of the European Union
      Bloomberg  -  538 words
    • Article
      Lock icon The Business Times Shipping times
      2097 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
      2,097 words
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      Lock icon Page 25 Advertisements Column 1
      23 25 New high-end property to entice buyers buyers To subscribe, call 6388-3838 or go to sphsubscription.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      23 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2729 27 Transaction date: May 21 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 Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 110 unch 821 110.5 109.5 109.5 110 7.6 10.5
      2,729 words
    • Article
      Lock icon SGX CATALIST
      196 28 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil 4.7
      196 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7761 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.93/ Aberdeen Asset Mgt Asia Limited .1 5934/ EM Local Ccy Bond .0 9344/ European
      7,761 words
    • Article
      Lock icon GLOBALQUOTE
      191 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US30.5 -0.5 ***** 31.5 30 30 30.5 2008.3 201 168 TanChongInt HK184cd unch 51 184 183 184 185 4.3 3.8 6.2 3705.6
      191 words
    • Article
      Lock icon SGX ETF
      929 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119 36 119.2 119 118 119 543.2 103 96.8 CIMB APAC Div 100US$ US96.8 95 96 10.2 1261 856 CIMBAsean40
      929 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      616 29 May 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8617.92 8676.20 8608.62 Jun12 8620.00 8675.00 8580.00 8625.00 *****1 *****6 Sep12 8635.00 8655.00 8605.00 8615.00 207 9140 MSCI TAIWAN INDEX FUTURES SPOT 255.53 258.10 255.53 May12 255.30 257.90 254.90 257.50 ***** *****7 Jun12 254.80 257.00
      616 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 18 Index Change Change Change Change Change Change World Preliminary 834.3 -0.7 0.5 -0.2 -1.8 -0.7 0.0 EAFE Preliminary 663.8 -1.6 -2.7 -1.1 -5.7 -1.6 -3.9 Europe Preliminary 983.6 -1.1 -4.2
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      121 29 As on 18 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1592.10 1569.30 1592.10 51 CURRENCY AUD-USD FUT JUN2012 .9850 .9784 .9789 1484 EUR-USD FUT JUN2012 1.2737 1.2649 1.2726 2447 BASE METAL COPPER FUT JUL2012 7747 7615 7649 2089
      121 words
    • Article
      Lock icon CHICAGO BOT
      107 29 May 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1405.00 1438.00 1438.75 1405.00 Aug 12 1381.00 1405.25 1409.75 1379.50 Sep 12 1327.00 1347.50 1355.00 1326.50 Nov 12 1288.00 1306.50 1317.50 1288.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.32
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 29 CRUDE OIL PRODUCTS May 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.43 -1.27 WTI (Near Mth) 91.65 -0.81 Dubai (1-Mth F) 103.79 -2.85 Tapis blend 114.67 -2.67 Minas 114.67 -2.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.39 -2.72 Jet Kerosene 120.53 -2.12 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 29 May 21 S$ S$ Bid Offer 1-month 1.2713 1.2716 2-months 1.2712 1.2716 3-months 1.2711 1.2714 6-months 1.2702 1.2706 Source: OCBC
      23 words
    • Article
      Lock icon LONDON METALS
      65 29 May 18 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2028.25 2014.25 3 months 2068.00 2054.00 Copper, Grade A(US$/tonne) Cash 7702.00 7694.50 3 months 7650.00 7649.00 Lead(US$/tonne) Cash 1953.00 1913.50 3 months 1966.00 1926.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon LIFFE
      80 29 May 18 COCOA (£/tonne) Close Prev High/Low Jul 12 1551 1528 1554/1523 Sep 12 1534 1513 1537/1509 Dec 12 1513 1499 1519/1495 Mar 13 1493 1481 1502/1475 COFFEE(US$/tonne) Close Prev High/Low May 12 2185 2163 2188/2179 Jul 12 2217 2187 2235/2173 Sep 12 2187 2159 2205/2151 Nov 12 2176
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1130 29 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 4 1 150 367 8.25 24 Conv Ratio Baker Technology Ltd W*****6 1 1 32 25 26.50 6 Best World Intl Ltd W*****5 0.6 1 30 70 30.00
      1,130 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 May 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 6.234 0.771 7.649 53.824 91.299 0.781 11.513 3.086 1.299 89.880 42.583 1.253 8.154 0.926 29.126 30.860 0.622 0.985 Canada 0.996 6.212
      470 words
    • Article
      Lock icon SIBOR
      55 29 May 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
      55 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 May 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2520 1.2532 0.9848 0.9855 Canadian dollar 1.2478 1.2483 0.9815 0.9816 Euro 1.6238 1.6243 1.2773 1.2774 NZ dollar 0.9636 0.9641 0.7580 0.7582 Sterling pound 2.0120 2.0128 1.5826 1.5829
      154 words
    • Article
      Lock icon PRECIOUS METALS
      135 29 May 21 GOLD(US$/oz) May 21 May 18 Hong Kong 1603.00 1596.00 May 18 May 18 May 17 London 1594.89 1573.80 1595.66 1574.68 Source: Thomson Reuters CAST BAR May 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 444 325 10gm
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 29 May 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 23-Aug-12 0.29 0.29 0.28 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.04 5-Year N*****0Z 2.375 01-Apr-17 108.82 108.92 108.86
      86 words
    • Article
      Lock icon PALM OIL
      60 29 May 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3124.0 3104.0 3138.0 3092.0 3659 6590 Jul 12 3106.0 3098.0 3136.0 3091.0 ***** ***** Aug 12 3104.0 3096.0 3133.0 3087.0 ***** ***** Aug 12 3099.0 3089.0
      60 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am May 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.281 1.220 Can dollar 1.273 1.213 Euro 1.663 1.584 Sterling pound 2.048 1.970 NZ dollar 0.991 0.944 US dollar 1.289 1.240 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      161 29 May 21 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      161 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Disney watches as Universal takes aim
      1184 30 With more Comcast cash, Universal unveils new offerings after attendance at its Harry Potter theme park soars, draining attention from Walt Disney World NYT [ORLANDO, Florida] PULL down your lap bars: Universal Studios, the theme park chain now controlled by Comcast, is rolling out
      NYT; BLOOMBERG  -  1,184 words
    • Article, Illustration
      Lock icon Manhattan offices paying top rents for trendy Midtown
      1441 30 Bloomberg [NEW YORK] Most landlords offering prestige Manhattan office space hate to be pinned down on their asking rents. Not Ed Minskoff. “Between US$88 and US$115 a foot,” he said without hesitation of the prices that he is seeking at 51 Astor
      Bloomberg; BLOOMBERG  -  1,441 words
    • Article, Illustration
      Lock icon World’s tallest tower to help Tokyo railway draw shoppers
      881 31 Tokyo Skytree sits in retail complex with over 300 shops and restaurants LAT-WP [TOKYO] The Tokyo Skytree, twice as tall as the Eiffel Tower, opens this week as Japanese train operators counter an aging population by building malls, offices and tourist
      LAT-WP; AFP  -  881 words
    • Article, Illustration
      Lock icon Aldar, Sorouh shares surge on merger talk
      395 31 Bloomberg [DUBAI] Aldar Properties PJSC and Sorouh Real Estate Co surged the most since March on investor speculation that progress is being made on a potential merger between Abu Dhabi’s biggest real estate companies. Aldar, the biggest developer in the United Arab Emirates
      Bloomberg; BLOOMBERG  -  395 words
    • Article
      Lock icon British Land raises dividend for first time in 3 years
      316 31 Bloomberg [LONDON] British Land Co, the UK’s second-largest real estate investment trust, raised its quarterly dividend for the first time in three years and indicated that similar payouts will follow. The company increased the dividend for its fourth quarter through
      Bloomberg  -  316 words
    • Article, Illustration
      Lock icon CMA breaks ground for China mall
      490 32  -  Project with Suzhou partner to become landmark shopping centre in East China By MINDY TAN [SINGAPORE] The largest shopping mall in East China, jointly developed by CapitaMalls Asia and Suzhou Industrial Park Jinji Lake Urban Development Co (SIP JUD), has broken ground. Catering to
      490 words
    • Article
      Lock icon Asking prices for UK homes fail to pick up
      511 32 Bloomberg [LONDON] Asking prices for UK homes were unchanged in May as the crisis in Europe and the end of a tax break for first-time buyers damped demand, Rightmove plc said. The average asking price in England and Wales was £243,759
      Bloomberg  -  511 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      121 31 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Ill Specialist Mortgage (In Singapore
      121 words
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      Lock icon Page 31 Advertisements Column 2
      136 31 Ill jll is.;; SAMSUNG HUB Premium Strata Office For Sale Prestigious Raffles Place office floors 999 years leasehold Approx. 200 metres to Raffles Place MRT Station Excellent floor to ceiling height Good car parking (177 lots) Large floor plate with regular layout 4 strata units per floor Unit size: 2,906
      136 words
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      Lock icon Page 31 Advertisements Column 3
      262 31 D.12 FREEHOLD REDEVELOPMENT SITE Zoning Commercial Residential Plot Ratio 3 Site Area Approx. 321 sqm Height Control Up To 6 Storey Potential for Mixed Development Other Commercial Usage Subject To Authority Approval. No ABSD Private Sale of Holding Company r International Property Group Pte ltd fjk CC QftIQIQQQ Simon Sim
      262 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      61 32 IG MARKETS xN* ov)t svtv on W»' s 0 'Sw" 0 e 24-hour FX/CFD trading on our free app. Where and when you do it is your call. Jr ISO IS DIFFERENT FIND YOUR APP IGAAARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA
      61 words