The Business Times, 14 May 2008

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Microfilm: NL29366
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday, May 14,2008
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  • Article
    Lock icon Fed warns market conditions are 'far from normal'
    584 1 But liquidity moves have helped relieve strain: Bernanke [SEA ISLAND, Georgia] US Federal Reserve chairman Ben Bernanke said yesterday that emergency Fed liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete. "To date, our liquidity measures
    584 words
  • Article, Illustration
    Lock icon CapitaLand, US fund jostle for The Atrium
    758 1  -  KALPANA RASHIWALA Price will be over $800 m; CMT eyeing synergies with Plaza Singapura: sources By [SINGAPORE] The race to snap up The Atrium Orchard is said to have narrowed to two parties: a US fund, and a unit of CapitaLand group, possibly
    758 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 uesi lay lange 1 COMP 1,286.54 -6.55 IIKKEI225 13,953.73 +210.37 1ANG SENG *****.77 +489.60 ;et index 839.28 -2.94 JAKARTA COMP 2,418.90 +40.90 1ANILA COMP 2,849.29 +45.80 ;eoulcomp 1,842.80 +19.10 ;henzhenb 546.42 -13.64 IUMBAI IND 16,752.86 -108.04 12N00N EDT Cham )OW 12,805.56 -70.75 IASDAI 2,479.29 -9.20
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    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 16.107 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.81 INDIA 12.25 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      37 1 IS$ (S$ per US$) 1.367 (USS/SS ier 1.952 2.669 :URO (US$/S$/E) 1.552 2.123 'EN 103.60 75.80 3.212 2.349 m 7.797 5.702 !AHT 32.25 23.59 lUPIAH 9,248 6,763 lENMINBI 6.987 5.110 INDIAN RUPEE 42.14 30.82 1.056 0.772
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      58 1 EXEC MONEY MANAGING WEALTH MOTORING CORPORATE Renewed interest Mobile One CEO Neil Montefiore Top car brands RESULTS in alternative assets on cash and other investments in Singapore SIA:Q4 profit RAGE 34 PAGE 31 PAGE 19 down2I%PAGE4 CHINA QUAKE /3| Inflation worry W&%SO. in hard-hit areas: *®±^m economists PAGE 2 llßf'T
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  • TOP STORIES
    • Article, Illustration
      Lock icon Worries of worsened inflation: economists
      570 2 CHINA QUAKE Two bourses suspend trading in 66 companies based in quake-hit region [BEIJING] As China reels from its worst earthquake in three decades, economists say the fallout could compound inflation in areas closest to the damage but price pressures are unlikely to be lasting
      AFP  -  570 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon SingTel flooded with inquiries on iPhone
        68 2 IF early signs are anything to go by, consumers in Singapore cannot wait to bite into Apple's iPhone when it hits local retail shelves later this year. Customer service personnel at Singapore Telecommunications' call centres and hello! stores have been inundated with questions about
        68 words
      • Article
        Lock icon SIA Q4 net falls 21% to $528m
        66 2 SINGAPORE Airlines unveiled a 21 per cent drop in fourth-quarter profit to $528 million as its bottom line was weighed down by the absence of the previous year's one-off tax reduction and higher fuel costs. The Q4 results, which beat analysts' expectations, boosted
        66 words
      • Article
        Lock icon Wilmar Q1 earnings hit US$343m
        54 2 WILMAR International yesterday reported first-quarter earnings of US$343 million almost seven times the previous corresponding quarter's U5549.7 million on the back of higher sales volume and better margins and helped by the merger with Kuok Group's palm plantation and related businesses. COMPANY NEWS, PAGE 6
        54 words
      • Article
        Lock icon Taiwan's Polaris plans to set up offices in S'pore
        79 2 IN a major move to venture beyond the Greater China region, Taiwan's Polaris Financial Group is making Singapore a strategic part of its expansion, with plans to set up two offices here this year. Along with this are plans to bring
        79 words
      • Article
        Lock icon Latest Baring Private Equity Asia fund oversubscribed
        68 2 JITTERY market conditions may have cast a shadow over the investment community but bright spots remain in the private equity field. And one such bright spots is seen in how strong investor appetite has driven Baring Private Equity Asia's latest fund to close
        68 words
      • Article
        Lock icon Aussie Treasurer forecasts record surplus budget
        80 2 AUSTRALIAN Treasurer Wayne Swan forecast a record budget surplus, partly funded by cutting welfare payments to high-income earners, to help the central bank fight the fastest inflation since 1991. In his first budget after the Labor Party ended John Howard's 11-year rule in November,
        80 words
      • Article
        Lock icon Malaysia to build 'smart' city in Iskandar
        68 2 MALAYSIA'S first cybercity will be developed in Indah Pura, Kulai, Johor, by the end of 2011, Johor chief minister Abdul Ghani Othman said yesterday. The eponymously named MSC Cyberport will be part of Iskandar Malaysia, and is set to be jointly developed by
        68 words
    • Article
      Lock icon GIC gets energy boost with AEI stake
      388 2  -  RONNIE LIM 11% stake in US giant is its first taste of the energy sector By [SINGAPORE] In what appears to be its first major foray into energy, the Government of Singapore Investment Corporation (GIC) has paid US$4OO million for an 11 per
      388 words
    • Article
      Lock icon Singapore-listed companies escape unscathed
      422 2  -  CHEW XIANG Investors updated with announcements to SGX on China ops By and EMILYN YAP [SINGAPORE] Singaporelisted firms with operations in China have escaped the brunt of the massive earthquake that caused so much devastation on Monday. More than 10 companies issued announcements to the Singapore
      422 words
    • Article
      Lock icon SIA may face more A3BO delivery delays
      538 2  -  YEN SREENIVASAN By [SINGAPORE] After weeks of speculation, European plane-maker Airbus confirmed yesterday customers may have to wait an extra three months for A3BO super-jumbos. Chief executive Tom Enders said after an A3BO programme review that Airbus is informing customers of changes to
      538 words
    • Article
      Lock icon iPhone may come with 3G flavour
      451 3  -  WINSTON CHAI Sing Tel flooded with inquiries; device may be sold here by third quarter By [SINGAPORE] If early signs are anything to go by, consumers in Singapore cannot wait to bite into Apple's iPhone when it hits local retail shelves later this year.
      451 words
    • Article
      Lock icon Sovereign-rated S'pore sukuk to be issued
      278 3  -  LEE U-WEN By [SINGAPORE] Singapore's central bank will develop a facility to make available sovereign-rated sukuk to further promote the growth of Islamic finance, as well as to meet the needs of financial institutions conducting S;/an'a/z-compliant activities here. In a statement issued late last
      278 words
    • Article, Illustration
      Lock icon ISD's former headquarters up for tender
      430 3  -  ARTHUR SIM By [SINGAPORE] The Singapore Land Authority (SLA) has launched a public tender for the adaptive re-use of the former headquarters of the Internal Security Department (ISD) and Ministry of Home Affairs (MHA) at Phoenix Park, off Tanglin Road. Designated for office use,
      lOHN HENG  -  430 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      42 2 S3 II OHS) 50-Z*™ S|N T|CN SCNC""™ 111 aA4,^fc|}tj|?i!iiy.|b Head Office Kallang Centre: 6748 1166* Boon Keng Showroom: *****466 Open on Sunday DAIHATSU w°\l£,"^'"' y 1957.2007 -Jurong Centre: 6561 6611* Sin Ming Centre: 6453 1166 Mobile Sales Team: 6748 8833 Website: www.sts.com.sg
      42 words
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  • COMPANY NEWS
    • Article
      Lock icon SIA Q4 net falls 21% to $528m
      493 4  -  YEN SREENIVASAN Drop is due to higher fuel costs, absence of one-off tax reduction By1 SINGAPORE Airlines unveiled a 21 per cent drop in fourth-quarter profit to $528 million as its bottom line was weighed down by higher fuel costs and the absence
      493 words
    • Article
      Lock icon ComfortDelGro Q1 net profit slips 9.4%
      595 4  -  SAMUEL EE By RISING fuel costs put the brakes on ComfortDelGro Corp's net profit for the first quarter ended March 31, causing it to fall 9.4 per cent to $50.2 million. The world's second largest land transport group blamed the past few months' sharply
      595 words
    • Article
      Lock icon SingTel streaks ahead in prepaid mobile market
      389 4  -  SIOW LI SEN By WITH aggressive marketing, Singapore Telecommunications has trumped the competition in the prepaid mobile phone market, the only growth segment in Singapore's mature telco market. Singapore's handphone subscriptions stands at 5.9 million, exceeding the 4.59 million population which gives a
      389 words
    • Article
      Lock icon Noble's sterling results lost on investors
      492 4  -  OH BOON PING LAST week, commodities trading firm Noble Group reported a sterling set of Ql results that saw net profit surge to US$l67 million from US$43.B million, while sales more than doubled to US$9.5 billion. However, it appears that retail interest in the
      492 words
    • Article
      Lock icon Wilmar Q1 net hits US$343m
      431 6  -  CHEW XIANG Surge helped by higher sales, better margins, merger By PALM oil giant Wilmar International yesterday reported first-quarter earnings of US$343 million almost seven times the previous corresponding quarter's U5549.7 million on the back of higher sales volume and better margins and helped by
      431 words
    • Article
      Lock icon SC Global Q1 profit rises 75% to $19.2 million
      328 6  -  ARTHUR SIM By SC GLOBAL Developments has reported profit after tax and minority interest (Patmi) of $19.2 million for the first quarter ended March 31 an increase of 75 per cent over $10.9 million a year earlier. Gross profit increased 22
      328 words
    • Article
      Lock icon UOB-KH's Q1 net profit slips 29.5%
      457 6  -  MICHELLE QUAH BY BROKERAGE UOB-Kay Hian recorded slimmer takings for the first quarter ended March 31, 2008, as it failed to repeat the stellar performance it put up during the industry boom last year. Its total income slipped 22 per cent to $134.1 million,
      457 words
    • Article, Illustration
      Lock icon HPL's Q1 profit jumps 76.2% to $20.5m
      354 6  -  KALPANA RASHIWALA By HOTEL Properties Ltd (HPL), controlled by businessman Ong Beng Seng, yesterday posted a 76.2 per cent year-on-year increase in first-quarter group net earnings to $20.5 million. Revenue rose 40.6 per cent to $146.1 million. The group said its hotels and
      FILE PHOTO  -  354 words
    • Article
      Lock icon Taiwan's Polaris plans to set up offices in S'pore
      597 8  -  LYNETTE KHOO It also wants to list Taiwan companies on Catalist and launch ETFs here By IN a major move to venture beyond the Greater China region, Taiwan's Polaris Financial Group is making Singapore a strategic part of its expansion, with
      597 words
    • Article
      Lock icon Pan-United Q1 profit up 73% at $117m
      325 8  -  CHARMIAN KOK By« LOGISTICS and infrastructure group Pan-United Corporation has posted a 73 per cent jump in net profit to $11.7 million for the first quarter of 2008, up from $6.8 million a year ago. This came on the back of improved contributions
      325 words
    • COMPANY BRIEFS
      • Article
        Lock icon Exit offer for Midsouth Holdings
        63 8 A PROPOSAL has been presented to the directors of Midsouth Holdings to seek the voluntary delisting of the company. Zhong Nan Holdings, which has a 75.1 per cent stake, is making the exit offer at 80 cents a share. The directors of Midsouth have reviewed
        63 words
      • Article
        Lock icon MediaRing's Q1 net profit jumps 84.1%
        60 8 MEDIARING Ltd, an Internet Protocol communications provider of voice, data and infrastructure services in the Asia-Pacific, said net profit grew by 84.1 per cent to US$O.9 million for the quarter ended March 31. It recorded turnover of U5535.3 million, a 39.5 per cent growth,
        60 words
      • Article
        Lock icon Unisteel Q1 revenue rises but profit falls
        45 8 UNISTEEL Technology saw revenue increase 11 per cent to $63.9 million in Ql 2008, supported by growth in its core fastening/ engineered components and surface treatment technology segments. Net profit, however, fell 25 per cent to $9.5 million.
        45 words
      • Article
        Lock icon Technics Oil and Gas H1 earnings drop
        85 8 TECHNICS Oil and Gas recorded net profit of $1.45 million in the half-year ended March 31, lower than the $2.5 million a year ago, due to higher administrative and financing costs. The provider of services to the oil and gas exploration and production
        85 words
    • Article, Illustration
      Lock icon Hyflux's Q1 profit jumps almost fivefold to $5.7m
      353 8  -  CHEWXIANG By< WATER treatment firm Hyflux yesterday said net profit for its first quarter climbed almost fivefold to $5.7 million from the previous corresponding period's $1.16 million. The surge came as revenue shot up to $89.6 million for the three months to
      FILE PHOTO  -  353 words
    • Article
      Lock icon At a glance
      382 8 Q1 results ended March 2008 CURRENT PREVIOUS CHNG CURRENT PREVIOUS (S$m) (S$m) CHNG 1 Wilmarlntl 473.75 68.70 589.6 9861.97 2729.44 261.3 2 ComfortDelGro 50.20 55.40 -9.4 753.50 712.50 3 LiHeng 44.15 46.24 -4.5 158.33 142.10 4 UOB-KayHian 43.16 61.19 -29.5 134.10 172.12 5 Hotel Prop 20.55 11.66
      382 words
    • Article
      Lock icon Darco to build Qatar waste water plant
      340 8 Reuters DARCO Water Technologies Ltd said yesterday that it will build a waste water recycling plant with the Qatar government in a joint venture project worth up to US$5 billion. "This is a huge project. At the moment, our estimate is a few
      – Reuters  -  340 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      134 5 L t/ Dreams. Realities. I Maybe you dream of owning a home. >» Of opening a business. Or taking it global. >» Of retiring. Or choosing not to. >» Of enriching your life. Or the lives I of others. >» Your dreams are always there. Always beckoning. Which is why
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      362 6 Seminar r" Financial reporting update 2008 Keeping up with accounting standards Seminar highlights Registration enquiries is imperative in today's environment. Financial instruments disclosure Ms Karin Fong We are pleased to present a seminar implementation issues Tel: 6309 6954 on developments in financial reporting New accounting for service Fax: 6532 7662
      362 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      130 6 Rahsia sebalik ES^^ ':iii!™i Sshl Hl^ v-...;: water R&D centre h I Largest s The New BRAVIA V-SerieT^^^^ News ■a r Archive m Access specific news clippings dating as far back as 1989 in Newslink- Singapore's f ■•^f^f [jj2j s^«= most widely used online archival system that offers news articles,
      130 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      284 7 Welcome to the Next City Living Right Here at B Rodyk Freehold private abode at Robertson Quay For P^view, please call 3191 4587 91 rp ppn i aa i i—iai—» belt of cafe, restaurants, and bars garden, river or city >» Close to Integrated Resort and New >» Only 50
      284 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      108 8 1• S i o V m CD CD U m. <T* °o 0 o n a m jo d. iT= T ••o«• S on c o 03 I s c o o|esC• o OVER 6O MEDICAL SPECIALISTS. Designed to meet all your healthcare needs. Aesthetics/Cosmetic Surgery Anaesthesiology Anti-ageing Cardiology Chiropractic
      108 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      334 9 Modern Logistics Warehouse Purpose-built for logistics warehouse Perfect base to support businesses at the nearby Jurong Island and Jurong Port Five-storey building with over 410,000 sq ft of premium space Maximum floor plates of up to 95,000 sq ft per floor In Established Warehousing Zone Within the nerve centre of
      334 words
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  • FOCUS
    • Article, Illustration
      Lock icon KinderGolf gets tots teeing off
      1005 10 EMERGING ENTERPRISE 2008 The company has taken its swinging brand overseas with a successful franchising model, reports QUAH CHIN CHIN IT ALL started in a garage with four kids and one instructor. Now, eight years later, KinderGolf a homegrown golf school for children aged two
      JOHN HENG  -  1,005 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1970 10 POKKA CORPORATION (SINGAPORE) LIMITED (Company Registration No.: *****0135E) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of Pokka Corporation (Singapore) Limited ("the Company") will be held at Room 801, Level 8, NTUC Centre, 1 Marina Boulevard, Singapore *****9 on Friday, 30 th May
      1,970 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Latest Baring Private Equity Asia fund oversubscribed
      409 11  -  EMILYN YAP Investor demand for private equity funds still strong despite market jitters By JITTERY market conditions may have cast a shadow over the investment community but bright spots remain in the private equity field. And one such bright spot is seen in
      409 words
    • Article
      Lock icon NTUC to track firms' keenness to re-employ older folks
      377 11  -  LAN POH By NTUC yesterday announced a new four-tier framework to track the commitment level of unionised companies to re-employment initiatives for older people. The framework identifies four degrees of commitment on the part of companies to re-employment. Level one, the
      377 words
    • Article, Illustration
      Lock icon Five schools to get $80m digital learning makeover
      404 11  -  r ONG BOON KIAT Four consortia awarded contracts for first phase of MOE project By CONSORTIA led by Civica, Hewlett-Packard (HP), SingTel and ST Electronics yesterday won the right to build the first phase of Singapore's next-generation digital learning systems, worth $80
      FILE PHOTO  -  404 words
    • Article
      Lock icon $50m given for research on eye diseases, psychotic disorders
      442 11  -  CHEN HUIFEN Teams from SERI and IMH get $25m each over five years for their projects By TREATMENT for eye diseases and psychotic disorders got a big boost from the National Medical Research Council yesterday, with $50 million awarded to projects
      442 words
    • Article
      Lock icon S*Bio gets orphan drug approval from US FDA
      410 11  -  CHEN HUIFEN Status awarded for drug meant to treat rare blood disease By SINGAPORE drug development firm S*Bio has received orphan drug approval from the US Food and Drug Administration (FDA) for a product meant to treat a rare blood disease. Orphan
      410 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      85 11 This announcement appears as a matter of record only Final Closing U551,515,000,000 The Baring Asia Private Equity Fund IV, L.R A private equity fund formed to invest in growth financings and buyouts of mid-sized companies in Asia. Baring Asia advises private equity funds with over US$2.5 billion of committed capital.
      85 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Higher oil deepens Asian FX differences
      958 12  -  LARRY WEE CURRENCIES Sterling and NZ dollar continue to come under the cosh too STARTING where we left off here last week, the divergent fortunes of Asia's currencies have deepened over the past week, as a result of fresh oil peaks and a better-looking
      958 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      98 12 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 4 4 0 0 0 9 4 4 lanufacturing 43 88 53 17 47 97 70 Commerce 19 32 15 20 37 19 'pt/Stor/Comms 16 10 18 12 :inance 15 11 16 11 Construction 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      108 12 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 32,191 32,191 152,138 152,138 lanufacturing 369,843 16,125 385,968 327,829 1,496 329,325 Commerce 72,170 59,243 131,413 77,396 14,156 91,552 'pt/Stor/Comms 86,424 456 86,880 263,515 102 263,617 :inance 27,545 20 27,565 272,521 272,526 Construction 24,439 25,323 49,762 6,690 1,529 8,219 ■roperties
      108 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 12 lapitaLand 6.680 -0.010 lapitaMall 3.470 -0.010 jtyDev 11.700 +0.100 losco Corp 3.380 -0.030 IBS Grp 20.160 +0.060 :&N 4.980 +0.040 Sent Intl 0.580 IK Land 4.960 +0.120 ISH 18.300 +0.380 lardineC&C 17.060 -0.020 leppel Corp 11.080 +0.100 leppel Land 5.800 -0.030 IOL 3.590 +0.120 loble Grp
      106 words
    • Article
      Lock icon BROKERS' TAKE
      819 12  -  LYNETTE KHOO Celestial Nutrifoods May 13 close: 76 cents CIMB-GK, May 13 EXCEED expectations: QlOB core net profit of 131.2 million yuan (5525.8 million) up 38.2 per cent y-o-y was higher than expected, forming 31.7 per cent of our original FYOB core net profit estimate and 28.6 per
      819 words
    • Article, Illustration
      Lock icon China shares weaken on quake concerns
      539 12  -  R SIVANITHY STOCKS CHINA stocks and commodity plays provided the main focus in yesterday's trading, the former because of worries over the impact of Monday's earthquake in China and the latter because of burgeoning profits, thanks to surging commodity prices. As for the rest
      539 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 12 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      57 12 May 13 VALUE CLOSE -139.00 -22.00 IT OB/OS IT CADI -*****.00 -58.00 IT 10-day MA -*****.00 -14.00 TSE ST Mid Cap 816.92 -0.14 TSE ST Small Cap 682.87 -2.11 TSE ST All Share 818.88 +3.74 TSE ST China 496.40 -4.95 IOB Catalist 149.99 -0.39 IMSCI 393.82 +2.21
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 12 VOLUME Ocean us 54,381,000 Golden Aqri 52,271,000 Chart SemiCond 27,954,000 China Honqxinq 25,682,000 Synear 25,072,000 ChinaEnerqy 24,560,000 SingTel 23,763,000 Firstßes 21,855,000 CoscoCorpMEßeCWoBo9lB 21,775,000 CoscoCorpDßeCWoBo929 21,128,000 VALUE(S) Keppel Corp 113,917,276 DBS Grp 90,917,942 SingTel 88,986,270 UOB 76,311,969 Capita Land 60,097,614 Cosco Corp 55,375,370 SGX 49,753,830 HKLand 49,549,976 Golden
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    • Article
      Lock icon RISES
      98 12 CLOSE UP China H 10US$ 1803 68.3 2.9 ISH 1830 51.9 2.1 Venture Cor| 1116 44.0 4.1 ilA 200 1576 26.0 1.7 Wah 114 16.5 16. IK Land 496 16.4 2.5 ierebosPac 391 14.0 3.7 IMH 3284 13.7 0.3 ;gx 902 13.0 1.5 IOL 359 12.0 3.5 BY PERCENTAGE
      98 words
    • Article
      Lock icon FALLS
      112 12 CLOSE DOWN 8660 -38.3 -0.3 LD 10US$ law Par Co 712 -19.0 -2.i i PC 721 -16.0 -2.2 "at Horn 211 -9.0 -4.1 ICL Land 185 -8.0 -4.1 ilA DB eCW*****2 39 -7.0 -15.2 'ani izij iiaBNPeCW/***** 21.5 -6.5 -23., >scendasreit 245 -6.0 -2.4 hart SemiCond 91 -6.0 -6.2
      112 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      83 12 May 13 %CHNG CLOSE FRMay12 YR2008 S$ LOW S$ HIGH USS 1.3698 -0.12 1.4542 1.3457 Euro 2.1174 -0.21 2.2064 2.0474 Pounds 2.6663 0.48 2.8431 2.6568 AS 1.2884 0.24 1.3235 1.2349 Yen* 1.3202 -0.25 1.4484 1.2832 Rupiah* 0.***** -0.12 0.***** 0.***** Baht* 4.2422 0.35 4.4299 4.2350® Peso*
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie Treasurer forecasts record surplus budget
      536 13 Bloomberg He keeps election promise to cut taxes for 10m workers amid rising inflation [CANBERRA] Australian Treasurer Wayne Swan forecast a record budget surplus, partly funded by cutting welfare payments to high-income earners, to help the central bank fight the fastest inflation since 1991.
      – Bloomberg; AFP  -  536 words
    • Article
      Lock icon Harder for distressed firms to tap SWFs: Carlyle
      338 13 Bloomberg [WASHINGTON] US and European banks and financial institutions have "enormous losses" from bad loans they haven't yet recognised and may have a harder time wooing sovereign fund rescuers, Carlyle Group chairman David Rubenstein said. "Based on information I see", it will
      Bloomberg  -  338 words
    • Article
      Lock icon Fed to hold rates steady: economists
      591 13  -  LYNETTE KHOO Some expect a recovery in the US economy next year By [SINGAPORE] Against the double whammy of mounting inflationary pressures and slower economic growth, the Federal Reserve is expected to hold its key rates steady for the rest of this year, according
      591 words
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      Lock icon Page 13 Advertisements Column 1
      913 13 FALMAC LIMITED Co. Reg. No. *****3718R Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FALMAC LIMITED will be held at Munich Room, sth Floor, 25 International Business Park, #05-108 German Centre, on Friday 30 May 2008 at 3.30 pm for the following purposes:AS
      913 words
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      Lock icon Page 13 Advertisements Column 2
      1488 13 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      1,488 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Malaysia to build 'smart' city in Iskandar
      447 14 Bernama Project over 8 years to have gross development value ofRMl.l6b [KULAI, Malaysia] Malaysia's first Cybercity will be developed in Indah Pura, Kulai, Johor, by the end of 2011, Johor Menteri Besar Abdul Ghani Othman said yesterday. The eponymously named MSC Cyberport will
      – Bernama; FILE PHOTO  -  447 words
    • Article
      Lock icon M'sia industrial output slows for 2nd month
      291 14 Bloomberg Weaker demand for electronics cools March production growth [KUALA LUMPUR] Malaysia's industrial production growth cooled for a second month in March as the US slowdown weakened demand for electronics. Production at factories, utilities and mines rose 3 per cent from a year
      – Bloomberg  -  291 words
    • BRIEFLY ASIA
      • Article
        Lock icon Special protection for Proton withdrawn
        62 14 Reuters, Bernama [KUALA LUMPUKJ Malaysia has withdrawn special protection for state-controlled carmaker Proton, Prime Minister Abdullah Ahmad Badawi said in parliament yesterday. The exemption from excise tax under the Industrial Adjustment Fund is offered to all car makers whether they are local companies, foreign or
        – Reuters, Bernama  -  62 words
      • Article
        Lock icon SBI and lAG ink MOU for venture in India
        78 14 Reuters IMUMBAIJ State Bank of India, the country's top lender, and Insurance Australia Group have signed a memorandum of understanding for a general insurance venture in India, which has one of the lowest insurance penetration levels in Asia. SBI will hold
        – Reuters  -  78 words
      • Article
        Lock icon India's govt to scrap levies on steel exports
        85 14 Bloomberg [NEW DELHI] India's government may scrap levies on steel-product exports after the companies agreed to lower prices to help cool the fastest inflation in more than three years, said Steel Secretary RS Pande. The government notified the taxes on May 10
        Bloomberg  -  85 words
    • Article
      Lock icon BURSA MALAYSIA
      2238 14 lay 13 RM COOO) A&M Realty 0.67 AbricBhd 0.18 Advance Synergy 0.11 Adventa Bhd 1.31 Ae Multi Hldgs 0.23 Affin Holdings 2.02 Ahmad Zaki Resou 0.99 AicCorp 0.51 \irasia Bhd 1.23 Akn Technology 0.51 Alliance Financi 3.12 Aluminium Co 1.04 Amalgamated Ind 0.52 \mmb Hldgs Bhd 3.84 Amtel
      2,238 words
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      1585 14 «f^^^> IN THE MATTER OF 7 THE COMPANIES ACT, CAP. 50 IN THE MATTER OF YAW WORLD-WIDE SHIPPING AGENCY wTJK/ (SINGAPORE) PTE. LIMITED (In Member's Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the ■s^^l creditors of the abovenamed company, nuuimo r*r\i niinp miTEn which is being wound up voluntarily, are
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  • Page 15 Advertisements
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      304 15 ySvT< jL-^t^l J -i—; If your IT system goes down, will the rest of your business follow? ~f\ Our reliable architecture keeps you on firm ground. numerous applications reside. Drawing on our expertise in The moment you think you're prepared for anything, multiple platforms and storage management, we are able
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  • CHINA QUAKE
    • Article, Illustration
      Lock icon Death toll stands at over 12,000
      680 16 Reuters, AFP, Bloomberg Figure likely to soar as 19,000 people are still buried under debris in Mianyang [DUJIANGYAN, China] China's most devastating earthquake in three decades killed more than 12,000 people with the toll likely to soar after state media said yesterday nearly 19,000
      Reuters, AFP,; Bloomberg; REUTERS  -  680 words
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      228 16 LUAUKY M j MF^^wt «yyfl^ii! ff?@Sw j^n w^^^m t" jjK^Bßk^^ t^j-^^/* TIL \i -^ft^^l Bp^ jl-iK'- aq^amar[ne -#4T f^Jf&L SPEND THE WEEKEND WITH US Indulge in Chatterbox's Local High Tea from 2pm to spm or chill out with Mezeßar's High Tea selection from 12pm to spm. Available only on Saturdays,
      228 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon TOP JUDGE IN LATEST JUDICIAL FASHION
      151 17 -AP [LONDON] Britain's top judge has been trotted out to model the latest in judicial fashion, showcasing the effort to simplify the elaborate gowns and remove wigs from some courts. The Lord Chief Justice of England and Wales, Lord Philips, showed off his flowing
      -AP; AP  -  151 words
    • Article
      Lock icon HP to buy EDS for US$l2.6b in challenge to IBM
      441 17 Reuters Acquisition will more than double HP's services revenue [NEW YORK] Hewlett-Pack-ard Co (HP) has struck a deal to buy Electronic Data Systems Corp (EDS) for US$l2.6 billion, seeking to boost its technology services business to better compete against market
      Reuters  -  441 words
    • Article
      Lock icon Westpac in deal to take over St George Bank
      326 17 -AP If merger is approved, it will create biggest Aussie bank by market cap; union to fight move [SYDNEY] Westpac Banking Corp and smaller rival St George yesterday agreed to a takeover deal worth A 518.6 billion (Ss24 billion) that would
      -AP  -  326 words
    • Article
      Lock icon SocGen's Q1 profit declines 23%
      290 17 Bloomberg [PARIS] Societe Generale SA (SocGen), France's sec-ond-largest bank by market value, reported a 23 per cent decline in first-quarter profit on increased provisions for risky loans and writedowns tied to the US sub-prime mortgage market collapse. Net income fell to 1.1 billion euros (552.3
      Bloomberg  -  290 words
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  • WORLD
    • Article
      Lock icon Overall retail sales decline 0.2% in April
      367 18 -Reuters, AP LATEST US DATA But excluding autos, last month's sales are up 0.5% better than anticipated [WASHINGTON] Total sales at US retailers weakened modestly in April, the government reported yesterday, but outside the hard-pressed auto sector they showed more resiliency than many
      -Reuters, AP  -  367 words
    • Article
      Lock icon Lehman's Harris sees Fed cutting rates to zero
      464 18  -  ANTHONY ROWLEY Housing, spending unlikely to recover before end-2009 By in Tokyo NEITHER the housing market nor consumer spending in the US are likely to recover before the end of next year, which means that the Federal Reserve will need to cut
      464 words
    • Article, Illustration
      Lock icon JPMorgan chief warns of long, deep US recession
      288 18 Reuters [NEW YORK] JPMorgan Chase Co chairman and chief executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the US economy could still face a deep and extended recession. The slump in
      – Reuters  -  288 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8157 18 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.932/ Star Europe Bond 1.193/ Star Europe Bal 1.164/ Star Asian Tiger Eqty 1.362/ Star Asia Bond 1.179/ Star Asia Balanced 0.969/ Star Global Technology Fund!" 0.199/ MultiStFd 0.815/ Star Asia Bond(USD) 0.862/ Gib Multi St USD 1.072/ Asia
      8,157 words
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  • MOTORING
    • Article, Illustration
      Lock icon Mercedes leads luxury segment
      687 19  -  SAMUEL EE Honda remains top seller after first four months this year followed by Toyota By! MERCEDES-Benz is steadily powering ahead in the luxury segment as its passenger cars remain the most popular premium make after the first four months of this year. Overall, the three-poin-ted
      687 words
    • Article, Illustration
      Lock icon S'pore firm wins US$43m Mid-East deal
      434 19  -  SAMUEL EE Info Track tie-up to provide UAE with taxi despatch system By! A SINGAPORE-BASED tech company has broken into the Middle East market by tying up with a company there to provide a state-of-the-art taxi despatch system in a US$43 million deal. Info
      434 words
    • Article, Illustration
      Lock icon Kah Motor set to launch new Jazz
      210 19  -  SAMUEL EE By AUTHORISED Honda distributor Kah Motor will launch the new Jazz hatchback this weekend. There will be 1.3-litre and two 1.5-litre variants, with prices starting at $58,000 with COE. The Jazz is Singapore's best-selling Japanese hatchback and the new model is
      ARTHUR LEE  -  210 words
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      171 19 iWMagl^^B M^jlJwMl^^ ERP gantry locations and prices Im i^fM C li- VW^W^W^VV^VHIVVIhP^II I Live traffic news k [MUSU-t ft-SK l^J IseeßesultsinJustAWeete! s i^HEFLU Building name and block numbers] L' J k^ V L^jVi J B ttaaSthElMr |LS^ B-5 ISrf^f i KIHuS[S^KI pgso mp Tll'hKF Shopping Centres ■k\l I^^^^^^T^ M I
      171 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Reform export controls, says US aerospace body
      596 20 Reuters Ageing workforce, security checks also hurting industry [WASHINGTON] Outdated export controls and long waits for approval of foreign sales are hurting the US aerospace industry and should be reformed before the damage becomes irreversible, an industry association said on Monday. Other problems,
      – Reuters  -  596 words
    • Article
      Lock icon Qantas names Asian head for strategy, new business
      195 20  -  YEN SREENIVASAN By 1 [SINGAPORE] Qantas has appointed Patrick Stringer to the new position of group general manager, strategy and new business, Asia, based in Hanoi. Mr Stringer joins Qantas from the Australian Trade Commission, where he was minister-counsellor (commercial) and senior
      195 words
    • Article, Illustration
      Lock icon Space supply squeeze hits US exporters
      866 20 LAT-WP Overseas-bound goods wait for weeks to get aboard [LOS ANGELES] At a time when the struggling US economy needs the biggest boost it can get from booming exports, companies and agricultural producers with American goods bound for overseas can't find enough empty containers
      LAT-WP; AP  -  866 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 20 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.62 0.37 3.38 0.77 2.53 1.15 0.07
        106 words
      • Article
        Lock icon KLSE
        36 20 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.81 9.50 9.45 4.26 3.18 0.22 unch -0.02 unch -0.05 unch unch -0.01 unch 28 836 545 267 31 19 0
        36 words
      • Article
        Lock icon BANGKOK
        12 20 '00 'recious Ship Regional Cont 25.00 23.60 -0.50 -0.30 944 370
        12 words
      • Article
        Lock icon HONGKONG
        11 20 '000 Doil iingamas Cont 50.65 2.23 -0.55 0.01 795 864
        11 words
      • Article
        Lock icon PHILIPPINES
        22 20 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.80 31.50 2.50 unch unch unch unch unch 1269 272 17 0
        22 words
      • Article
        Lock icon TAIPEI
        23 20 Evergreen Marine ....28.70 :irst Steamship 80.20 /Van Hai Lines 27.00 t'ang Ming Marine ..23.75 0.60 0.40 0.20 0.25 8 2 6 7
        23 words
      • Article
        Lock icon TOKYO
        37 20 '000 :awasaki Hvy Ind ..264.00 6.00 9797 :awasaki Kisen ...1110.00 46.00 8088 /litsubishi Hvy 458.00 1.00 ***** /litsui Eng&Sbldg ..330.00 -9.00 ***** /litsuiOsk Lines ...1500.00 44.00 9937 lippon Express 545.00 19.00 4777 lipponYusen 1041.00 25.00 6958
        37 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2498 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,498 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      318 20 CRYPTIC CROSSWORD I The chances of rum truffles finishing? (4) IB B B 6 Perception confronting the __^l__^^J——^J—^J—^J—^_j ultimate in beauty spot (4) I^H B 8 Perhaps the thing to follow 9 Poor iconoclast soon ran out |^l i^h^kj of milk (6) _HH__H^^HH__HH__^^^^^HHM_HM_HM church, being crude (8) H^B^ HH HHHBB
      318 words
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  • SHIPPING
    • Article
      Lock icon Big issues to confront at salvage convention
      652 21  -  DAVID HUGHES STRAIT TALK Next week's meeting here promises to be a particularly interesting forum By SINGAPORE seems to be having a good year for shipping conferences. The most recent, the Trade Winds 2008 Marine Risk Forum last week, attracted some big-name speakers
      652 words
    • Article
      Lock icon Scholarships launched in a visionary's name
      531 21  -  VINCENT WEE Howe Yoon Chong PSA fund will help needy students By [SINGAPORE] In recognition of the need to help less privileged Singaporeans upgrade themselves and the visionary spirit of the late Howe Yoon Chong, PSA International has launched a $15 million endowment fund
      531 words
  • Page 21 Advertisements
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      1305 21 DCULU2 OCULUS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****4025N) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at 30 May 2008, Friday, at 10.00 am Seminar Room, Hotel Windsor, 401 MacPherson Road #04-01, Singapore
      1,305 words
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      Lock icon Page 21 Advertisements Column 2
      274 21 I MBBIBSaISE«ngaiIMffBBISMIgI H&^s BHiliißißßiSii HI I BR^, -i%. ÜBIMIM Hi STRAITS/NEW ZEALAND DISCUSSION AGREEMENT NOTICE TO TRADE RATE RESTORATION EFFECTIVEI JULY 2008 FROM SOUTH EAST ASIA AND SOUTH ASIA TO NEW ZEALAND The following Member Lines wish to inform the trade that as part of their Business Plan for 2008,
      274 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Dealing with Asia's inflationary scourge
      473 22 IT'S not growth, not exports and not the current account balance. As Asian Development Bank (ADB) chief economist Ifzal Ali puts it, rising inflation is "THE issue" facing Asia today. Just about every Asian economy is witnessing the ugly resurgence of inflation. Vietnam, where inflation
      473 words
    • Article, Illustration
      Lock icon Wanted: Bilingual and bicultural managers
      1085 22  -  SUSAN FENTON Reuters China's booming business creates big demand for qualified Chinese-speaking execs By AMERICAN-BORN Thomas Kwan's career has taken off since he moved to China to work as the country manager for a US health products company. "If I'd stayed in the US, I
      Reuters; AFP  -  1,085 words
    • Article, Illustration
      Lock icon China must act to regain image sullied by Tibet events
      771 22  -  FRANK CHING THE BOTTOM LINE WHILE the Chinese government basks in the nationalistic support of its people in the wake of attacks by pro-Tibetan groups following the path of the Olympic torch, it must at the same time cope with
      771 words
    • Article, Illustration
      Lock icon There's still life after sub-prime
      3169 23 INTRODUCTION IS the earthquake that shook the world's leading financial markets last autumn over, or are there still damaging aftershocks to come in the markets themselves and in the macro economy? This is the question that The Business Times put to a group of international
      3,169 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6287 24 Transaction date: May 13 52-wks Tel |h Low Code Last Sale Vol ('000) Hi 1 Day Last Quote Div GrYld Net )h Low Buyer Seller C'vr P/E M Cap $mil Hi! Com[ >an] 5716 1st Software ***** li ISg Si?" '18 S ffi FS P E 24.5 7.5
      6,287 words
    • Article
      Lock icon SGX XTRANET
      69 24 _Hu Low Code Conn Sale COOP) _Hu Low Bui Seller C'vr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      69 words
    • Article
      Lock icon SGX CATALIST
      1922 24 Hii |h Low Code Comi >an' Sale COOP) Hii Low By /er Seller C'vr P/E $mil 30 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5 3518 s Afor 70.5 12 1524 s Alantac
      1,922 words
    • Article
      Lock icon CLOB INTERNATIONAL
      215 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      215 words
  • Page 24 Advertisements
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      67 24 353 Mm 9 PHOENIX Aftl :>^ ),MM B"^ B China Make an affordable call ■H IfVL V I *^^^T^^T^^^^^rT^H France Uk I N^yl I Germany J I M _^U y M WmW Hong Kong if\ XT. "^x I I^aJ JV New Zealand |^*a^\ 1 /VJ >^^^^ <^ South Korea Rs\\
      67 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mai 12 World Index Preliminary 1061.3 0.5 -6.2 0.5 -8.9 0.7 -4.1 EAFE Preliminai 1019.8 0.3 -9.0 0.5 -9.4 0.6 -4.6 Euro[ Prelim inan 1407.8 0.3 -8.8 0.7 -10.0 0.8 -5.2 Pacific
      363 words
    • Article
      Lock icon SICOM FUTURES
      274 25 May 13 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 414.25 410.00 408.75 407.00 405.00 406.00 RSS 3 (US cents/kg) Month Hig sb Low Sett Volume (tonnes)
      274 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 25 May 13 AS _CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso IS Rand Sfr NTS Baht Pound us: Australia 0.953 6.618 0.610 7.385 39.915 87.597 0.981 9.903 3.042 1.229 64.646 40.422 1.295 7.192 0.988 29.235 30.552 0.485 0.947 Canada 1.049 6.941 0.640 7.745
      466 words
    • Article
      Lock icon PALM OIL
      59 25 May 13 lelivery lonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low May 08 lun 08 3528 lul 08 3570 Hug 08 3572 rota I o/p: ***** contracts 3460 3514 3540 3514 3532 3570 3529 3540 3572 3534 Turnover: 3899 lots Market tone: Lower
      59 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 25 May 13 STI IIMSCI Ma' 391.1 395.3 394.1 "aiwan Ma> 340.3 348.7 348.4 Source: MF Global (S) He. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 May 13 Bid Offer 1-month 1.3646 1.3668 2-months 1.3631 1.3654 3-months 1.3619 1.3642 6-months 1.3578 1.3603 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 25 May 13 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2939 1.2963 0.9470 0.9474 Canadian dollar 1.3571 1.3595 0.9932 0.9935 iuro 2.1208 2.1244 1.5522 1.5526 IZ dollar 1.0522 1.0551 0.7701 0.7711 jterlini ind 2.6672 2.6715 1.9521 1.9524 IS dollar 1.3663 1.3683
      153 words
    • Article
      Lock icon PRECIOUS METALS
      172 25 May 13 Hong Kong 875.60 closed 876.60 May 12 May 09 London 885.20 875.70 886.20 876.90 Source: Reuters Hong Kong 6$) Selling Buying 1 oz 1353.55 1217 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $475.08 389 SILVER Selling Buying jS$i Sellim Bu' rim London $475.08 Selling 389
      172 words
    • Article
      Lock icon LONDON METALS
      70 25 May 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2882.00 2840.50 3 months 2928.00 2885.00 Copper, Grade A (US$/tonne) Cash 3 months 8376.50 8260.00 8217.00 8100.00 Lead (US$/tonne) Cash 2227.80 3 months 2245.00 2174.00 2191.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • Article
      Lock icon LIFFE
      77 25 May 12 COCOA (Btonne) Close Prev Hii ih/Low May 08 1491 1478 1492/1460 JulO8 1514 1499 1517/1490 SepO8 1463 1446 1464/1441 Dec 08 1442 1426 1445/1425 COFFEE (US$/tonne) Close Pev High/Low May 08 2246 2210 2260/2208 Jul 08 2281 2231 2298/2192 SepO8 2250 2206 2260/2175 Nov08 2218 2190 2220/2197
      77 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 25 As at 9am May 13 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2840 1.2990 Can dollar 1.3490 1.3650 Euro 2.1060 2.1310 NZ dollar 1.0400 1.0640 Sterlini 2.6510 2.6821 US dollar 1.3570 1.3730 Local dollars to 100 units of foreign currency:
      131 words
    • Article
      Lock icon INTERBANK RATES
      160 25 May 13 IS Offer Bid Overnight 5/8 1-month 1 9/32 2-months 111/32 3-months 1 3/8 Overnight mode: 1/2 US$ Offer 1/2 1 5/32 1 7/32 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.40 2.60 2.75 2.85 2.95
      160 words
    • Article
      Lock icon SIBOR
      77 25 May 13 (US$) (SS) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
      77 words
    • Article
      Lock icon CHICAGO BOT
      103 25 May 12 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1335.00 1349.50 1364.00 1343.00 Jul 08 1342.50 1358.00 1374.00 1339.00 Aug 08 1337.50 1353.25 1367.00 1336.00 Sep 08 1312.50 1324.75 1330.00 1308.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 60.79 61.53 61.83
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS May 12 CRUDE (FOB origin; US$/barrel Close Cham Brent blend (1-Mth F) 124.33 -0.24 WTI (Near Mth) 123.96 -2.12 Dubai (1-Mth F) 119.82 1.51 Tapis blend 129.8 0.8 Minas 127.1 0.8 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 108.95 158.80 -0.27 4.1 US$/barrel Opec Oil
      76 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 May 13 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****F 14.08.08 1-Year BY*****N 04.05.09 0.88 1.02 0.85 0.81 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      352 25 May 13 iURODOLLAR FUTURES unO8 >epO8 DecO8 VlarO9 97.285 97.265 97.080 96.970 0 0 0 0 ***** ***** 7952 ***** EUROYEN FUTURES unO8 99.155 99.155 >epO8 99.115 99.115 DecO8 99.065 99.065 VlarO9 99.005 99.005 unO9 98.935 98.945 >epO9 98.875 98.875 DecO9 Vlar10 99.150 99.115 99.060 98.995A 98.935
      352 words
    • Article
      Lock icon BONDS & WARRANTS
      1670 25 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >036 Advance SCT Ltd W*****9 4 -0.5 53 1 87 164 8.63 27 1267 Biosensors DB ECW*****5 21.5 -0.5 5 1 70 4 lOHCapitaland BNP ECW*****8 30.5 0.5 75 0.1 493
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  • Page 25 Advertisements
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      3057 26 The Business Times Shipping Times KPI 11 WAN HAI INTERNATIONAL PTE LTD CRN0:**********0/R ff^H^rl W K^M BBR^^ffl^^ I%T\.m\ IMAM UAI I IMFC TEL*****58. 8 t'4LINES) FAX:*****163 ™^L^4j *ll^^^^^"H WBEffWffipWW I NH Vt/\ll Flrtl LlllEj PKL nL: {03) *****888 FAX: <03| *****288 PEN TEL: (C4) *****00 FAX: (04)*****99 3JB| V JOH
      3,057 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      3112 27 RICKMERS-LINIE \\~k~\ EASTERN CAR LINER. LTD If§ £J®3S^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com I 111 Et 1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I iimci/iv cvnnrcc caii imp enucniii c USA Service I H WbbKLY bXrnboo oAILINu oUnbUULb SUo I% I 1V.5 IMT I IZ I
      3,112 words
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  • Page 28 Advertisements
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      5476 28 K2^ H 19 H 19 H I IS A NPERSEN. ™M*ilTL« h£_Zl flrei glorynavigationrrVimpl ■rpH^ll ISM BSfl l^fl shipping company/ 70 Shentoii Way, #21 -03 Marina House Singapore *****8 JMt ULUIII IIHVIUHI lUH UIHIUr JHilliiifiiiliWJPiPPpMpl H| NORTH WEST EXPRESS LINE «&4*_*»U*ls«WS'*l MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE
      5,476 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      661 29 A fine selection of credits' that potentially delivers a return of 3.5% p.a. 2 Don't miss the opportunity to invest in High Notes 9 3 an outstanding selection of good quality companies. With DBS High Notes 9 3, you'll enjoy: DBS High Notes 9is available for a limited period only,
      661 words
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Costly lessons from concentrated funds
      931 29 Bloomberg Funds with big bets on small number of companies suffer crippling losses [NEW YORK] When Jon Wood opened his Mona-co-based hedge fund, the former ÜBS trader told investors he'd beat the market by buying stakes in no more than 40 companies the same way
      Bloomberg  -  931 words
    • Article
      Lock icon Is the rally in blue-chip stocks for real?
      565 29 NYT To know that investors need to look for future signs [NEW YORK] In fits and starts, blue-chip stocks have been climbing higher since mid-March. But many market watchers aren't convinced that the worst of this market storm, which began in October,
      NYT  -  565 words
    • Article
      Lock icon Dispelling 10 money myths
      2015 30  -  PHILIP LOH Peoples' wallets are lighter than they should be due to unsound beliefs about growing wealth By AMID the backdrop of a beleaguered stock market and challenging economic conditions, it is even more imperative that you manage your wealth well. More often than not, our
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      Lock icon Asia ex-Japan a top pick for hedge funds
      782 32  -  GENEVIEVE CUA But best performer is seen to be the frontier markets of Middle East/North Africa, says Deutsche Bank survey By ASIA ex-Japan's equity markets may have suffered a rout with the rise in global risk aversion, but a survey of hedge
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      378 34 Allocation into alternative assets can help to dampen a portfolio's overall volatility and still enhance returns, says GENEVIEVE CUA WHEN the going gets tough, investors turn to alternative investments at least that is what a number of advisers are hoping to persuade their clients to consider. The
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      Lock icon RMF targets debts of troubled companies
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      696 30 liliiliHlHlll^^H Enjoy high potential returns with Cushion Coupons Interest Amount payable based on a maximum Short tenor of approximately 3 years potential Cushion Coupon 1 of 20% (Tranche 100 o /o pr i nc i pa protection if held until scheduled A Notes) and 18% (Tranche B Notes) maturity of
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  • MANAGING WEALTH
    • Article, Illustration
      Lock icon M1's CEO Neil Montefiore to run Olympic torch relay
      474 31  -  SIOW LI SEN By NEIL Montefiore joined Mobile One as chief executive officer on April 1, 1996 and plunged immediately into the liberalisation that shook up Singapore's telecoms sector. Ml had been formed in August 1994 after Singapore decided to liberalise
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      Lock icon No wealth target and no idea of what's 'enough'
      522 31 SIOW LI SEN asks Mobile One CEO Neil Montefiore about his relationship with money over the years Q: What was it like, money-wise, when you were growing up? Did your parents give you an allowance? A: My father died when I
      522 words
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      22 33 Lianhe Zaobao I How much impact will the I Sichuan I quake I have on Chinas I economyP I mwmrn I X
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      1891 33 Advertising Feature fe|A The Institute Of 'fjp audit awareness month IKlUnternal Auditors b>iJi^i^^'Mi):i-j:Md^i.ijiij.»^ Internal auditors around the world are proud to dedicate May as the International Internal Audit Awareness Month, designated to focus on internal audit awareness-building efforts all around the world. To commemorate this joyous occasion, the Institute of
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