The Business Times, 15 May 2008

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Microfilm: NL29366
Total Pages: 37
1 37 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Thursday, May 15,2008
    25 words
  • Article, Illustration
    Lock icon Dividend letdown stokes SingTel acquisition talk
    656 1  -  SIOW LI SEN Q4gainatsl.lb; group wants 'financial flexibility' By [SINGAPORE] Singapore Telecommunications yesterday posted better-than-ex-pected net profit of $1.1 billion, up 10.5 per cent for its fourth quarter ended March 31, 2008. Yet it disappointed with no special dividend, bolstering talk that it is
    Sing Tel  -  656 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      49 1 Wei Inesi iam KL COMP 1,287.74 +1.20 NIKKEI 225 14,118.55 +164.82 HANG SENG *****.48 -19.29 SET INDEX 848.94 +9.66 JAKARTA COMP 2,449.34 +30.44 MANILA COMP 2,862.53 +13.24 SEOUL COMP 1,843.75 +0.95 SHENZHEN B 555.22 +8.80 MUMBAI IND 16,978.35 +225.49 12N00N EDT Cham DOW 12,947.07 +114.89 NASDAQ 2,518.75 +23.63
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    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 16.107 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.81 INDIA 12.25 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      44 1 USS SS US$ (S$ )er US$) 1.384 (USS/SS per 1.941 2.686 EURO (US$/S$/E) 1.541 2.133 YEN 105.20 76.00 RM 3.266 2.360 HK$ 7.799 5.637 BAHT 32.48 23.47 RUPIAH 9,290 6,714 RENMINBI 6.999 5.059 INDIAN RUPEE 42.57 30.76 A$ 1.072 0.775 NZ$ 1.314 0.950
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  • Article
    Lock icon $1.1b govt infocomm pie up for grabs this year
    652 1  -  ONG BOON KIAT Big boys may gain more, with several large projects on the cards By [SINGAPORE] Infocomm vendors in Singapore can expect a $1.14 billion government procurement bonanza this year. That is the estimated total value of new IT-related tenders
    652 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      72 1 i* i '"■V'"-'-/~ y'' mEt*1 BizlT jf\& f% W SPORTS PROPERTY ASIA APPAREL Clash of the tiff! Henin, Sorenstam 4 bungalows sold Bullish outlook for infocomm titans wBt f% V. calling it a day for $5.5m each garment, textile industry PAGE 27 I I^P J& PAGE 23 PAGE 38 PAGES
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  • TOP STORIES
    • Article, Illustration
      Lock icon Oculus directors in startling revelation
      480 2  -  CHOW PENN NEE Ariel, its controlling shareholder, had used trust funds for its own investments By [SINGAPORE] Catalist-list-ed Oculus has come out to say that its controlling shareholder, Ariel Singapore, had used $15 million of its trust money for certain investments of its own. In
      480 words
    • Article
      Lock icon HK probes IT security lapses
      555 2  -  JANE MOIR Recent data losses mainly due to lack of awareness about security regulations By in Hong Kong A SPATE of sensitive data leaks by government bodies has fuelled public concerns over privacy, prompting a review of Hong Kong's IT security practices. A series of
      555 words
    • Article
      Lock icon Sabah holds the key in new Malaysian chess
      585 2  -  S JAYASANKARAN State's lawmakers more strident as Anwar tries to bring about defections By in Kuala Lumpur PRIME Minister Abdullah Ahmad Badawi met lawmakers from Malaysia's eastern state of Sabah late Monday to prevent possible defections to the opposition Pakatan Rakyat (PR)
      585 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon S'pore closing competitiveness gap with leader US: study
        77 2 SINGAPORE remains the world's second most competitive economy but is closing the gap on the top-ranked US, according to an annual analysis. Now in its 20th year, the World Competitiveness Yearbook by Swiss business school IMD gives Singapore a score of 99.33
        77 words
      • Article
        Lock icon CDL offers words of cheer as Q1 profit jumps 30.8%
        106 2 THE Singapore residential property market has slowed to a trickle, but shareholders of City Developments should feel heartened by stronglyworded reassurances in the group's first-quarter results statement, which showed a 30.8 per cent increase in net earnings to almost $165
        106 words
      • Article
        Lock icon UOL net down 38% on lack of one-off gain, writeback
        85 2 UOL Group's net profit dropped 38 per cent to $50.5 million for the first quarter ended March 31 from $81.5 million in the previous corresponding period. The sharp drop was due to two factors: Ql 2007 included an exceptional gain
        85 words
      • Article
        Lock icon NOL Q1 net profit triples to US$120.7m
        56 2 NEPTUNE Orient Lines yesterday reported a near-tripling of first quarter net profit to U*****.7 million from U5542.7 million previously. Revenue rose 27 per cent to US$2.4 billion. First quarter revenue from the APL container shipping business rose 33 per cent to more than
        56 words
      • Article
        Lock icon More big firms could join MOE's computer project
        81 2 ELEVEN companies, comprising local and multinational heavyweights, have thrown their hats into the ring for a mega IT project from the Ministry of Education, but more goliaths are set to wade into the fray over the coming months. They include Singapore Computer
        81 words
      • Article
        Lock icon Global economy will not recover before 2009: IMF
        71 2 THE International Monetary Fund does not expect the global economy to recover before next year, its chief Dominique Strauss-Kahn said yesterday. Mr Strauss-Kahn told a conference in Jerusalem to mark Israel's 60th birthday that while a "large part" of a global financial
        71 words
      • Article
        Lock icon KL ready to trade palm oil for rice to ease food crisis
        81 2 MALAYSIA is prepared to offer palm oil in exchange for rice to any rice-exporting country as part of efforts to stabilise domestic supply, a Cabinet minister said. "Currently, Thailand is our main supplier of rice, but we are
        81 words
      • Article
        Lock icon Cost of China quake disaster seen exceeding USs2ob
        65 2 THE cost of the devastating earthquake in China, which killed more than 15,000 people, is likely to exceed US$2O billion, according to leading disaster modelling firm AIR Worldwide. The 7.9 magnitude earthquake, which struck to the north-west of Sichuan's provincial capital Chengdu
        65 words
      • Article
        Lock icon European snaps up 4 strata bungalows
        69 2 AMID the current quiet residential market, some deals are still being stitched up. All four strata bungalows in a freehold cluster housing development near Eng Neo Avenue were snapped up at $5.5 million each at a preview on Friday last week by a European
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    • Article
      Lock icon S'pore the second most competitive economy
      702 4  -  ANNA TEO It is closing the gap on top-ranked US; 2008 may be the year the US falls from its pole position By [SINGAPORE] Singapore remains the world's second most competitive economy but is closing the gap on the top-ranked United States, according to
      702 words
    • Article, Illustration
      Lock icon Quake underscores need for earth science school
      598 4  -  LEE U-WEN mro/goswioE/ro NTU No. 2 pushes for research, education in subject By [SINGAPORE] Ask Bertil Andersson the sec-ond-in-command at the Nanyang Technological University (NTU) what his top research priority is at the moment, and he does not hesitate to say that his
      JOHN HENG  -  598 words
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      156 2 o o I—'1 is c_ y■_ ■■■■ji KIM DONG YOO "S Pal Marilyn VS. Mao. Oil on canvas. 162 x 130 cm.SGD 200,000. 300,000. 'i^ 0> Wilt I IWC GRANDECOMPLICATION SGD 168,000.-228,000. BT RUDI MANTOFANI MARQUISE SHAPED DIAMOND Tumbuh di atas Abu Abu. 200 x 200 cm. Acrylic on canvas.
      156 words
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      10 2 BE AHEAD OF YOUR COMPETITORS. METAMORPHOSIZE WITH A STRATHCLYDE MBA.
      10 words
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      76 3 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office Global Custody iU A V Investor Services 1/ r| \C^ f Asset Management |F\ f^ f^ f^ Investment Funds 111 \V^ LI I V^ V^ ■■^^^B^fc «H^r L Bank Pictet Cie (Asia) Ltd 80 Raffles
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      1338 4 HABN AMRO Holding N.V.I V Incorporated in the Netherlands Head Office: Gustav Mahlerlaan 10,1082 PP Amsterdam, The Netherlands I Consolidated balance sheet at 31 December Consolidated income statement for the year I ended 31 December I (in million of euros) 2007 2006 (in million of euros) 2007 2006 I Assets
      1,338 words
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      Lock icon Page 4 Advertisements Column 2
      259 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. business from established cross-industry organisations: If Standard <C I 1 I III DeLL I I til M% e^° Proven Techniques Winning Strategies to Improve Audit Processes and Boost Corporate
      259 words
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  • COMPANY NEWS
    • Article
      Lock icon CDL offers words of cheer
      727 5  -  KALPANA RASHIWALA It posts 30.8% increase in Q1 net profit to $165 m By THE Singapore residential property market has slowed to a trickle, but shareholders of City Developments Ltd (CDL) should feel heartened by strongly worded reassurances in the group's first-quarter results statement, which
      727 words
    • Article
      Lock icon SingTel looks further afield for surer prospects
      589 5  -  SIOW LI SEN HOCK LOCK SIEW By SINGAPORE Telecommunications has reported decent enough results for the 12 months ended March 31, 2008. And although the final dividend of 6.9 cents giving a full-year dividend of 12.5 cents or a yield of 3.33 per
      589 words
    • Article
      Lock icon UOL Q1 net slides on lack of one-off gain, writeback
      400 5  -  CHEWXIANG Hotel Plaza's Q1 earnings surge 38% to $14.5 m By UOL Group's net profit dropped 38 per cent to $50.5 million for the first quarter ended March 31 from $81.5 million in the previous corresponding period. The sharp drop
      400 words
    • Article
      Lock icon NOL Q1 net profit triples to USsl2o.7m
      459 6  -  VINCENT WEE Terminals revenue dips 6%, but overall turnover surged 27% to USs2.4b By NEPTUNE Orient Lines (NOL) yesterday reported a near-tripling of first quarter net profit to U*****.7 million from U5542.7 million previously. Revenue rose 27 per cent to US$2.4 billion. Earnings
      459 words
    • Article
      Lock icon SI A open to offer for its 49% stake in Virgin Atlantic
      478 6  -  YEN SREENIVASAN By SINGAPORE Airlines is open to any "reasonable and serious offer" for its 49 per cent stake in Richard Branson-controlled Virgin Atlantic. Asked about the performance of the associate, SIA chief executive Chew Choon Seng said
      478 words
    • Article
      Lock icon Tiger Airways makes profit of almost $10m
      323 6 SINGAPORE-BASED budget carrier Tiger Airways has made a profit of almost $10 million for its financial year ended March 31. Singapore Airlines chief executive Chew Choon Seng revealed this at a press briefing on his airline group's financial results for its own year
      323 words
    • Article
      Lock icon Robinson Q3 net up 19%
      220 6 REPORTING its results as a listed company for probably the last time, retail group Robinson and Company said that net profit rose 19 per cent to $8.9 million in its third financial quarter ended March 31, 2008. The group achieved turnover of $119.2 million in
      220 words
    • Article
      Lock icon Sembcorp's Q1 net falls 4.3%
      556 9  -  VINCENT WEE Lower profits at 3 divisions; Q1 2007 included $14.5 m tax writeback By DESPITE a turnover rise, Sembcorp Industries' first-quarter net profit fell 4.3 per cent to $123.1 million from $128.7 million in the previous corresponding period. This was due to lower net
      556 words
    • Article
      Lock icon Wheelock's Q1 profit drops 33.9% to $16.9m
      381 9  -  KALPANA RASHIWALA By WHEELOCK Properties Singapore yesterday posted a 33.9 per cent year-on-year drop in first-quarter net earnings to $16.9 million but said that it is in a strong financial position to take advantage of opportunities that may arise. It had cash and
      381 words
    • Article
      Lock icon Parkway earnings dip in absence of one-time items
      327 9  -  CHEW XIANG By PARKWAY Holdings yesterday said that its Ql 2008 net profit fell 13 per cent to $18.5 million from $21.4 million. This was despite revenue rising 19 per cent to $228.7 million from 192.7 million in the year-ago period. Earnings
      327 words
    • Article
      Lock icon Midas Q1 gain rises 15.7% to $7.7m
      342 9  -  CHOW PENN NEE By MIDAS Holdings, manufacturer of aluminium alloy extrusion products and polyethylene pipes, has posted a net profit of $7.7 million for the first quarter ended March 31, a 15.7 per cent increase from the previous corresponding period. Revenue rose by
      342 words
    • Article
      Lock icon Bio-Treat Q3 net profit plunges 20.3%
      213 9  -  LYNETTE KHOO By LOWER contributions from turnkey projects hit Bio-Treat Technology's third-quarter bottom line. The Chinese wastewater treatment group yesterday reported net earnings of 71.06 million yuan (Ssl4 million) for the three months ended March 31, 20.3 per cent lower than the previous corresponding
      213 words
    • Article, Illustration
      Lock icon FJB Q3 net rises 31% to $4.4m
      345 9  -  ARTHUR SIM By THE retail market may have gotten soft in recent months but FJ Benjamin (FJB) has nevertheless posted a net profit of $4.4 million for the quarter ended March 31, a 31 per cent increase from the corresponding period a year
      ARTHUR LEE  -  345 words
    • Article
      Lock icon Datacraft Q2 earnings up 25%
      356 9  -  AMIT ROY CHOUDHURY By IT systems integrator Datacraft Asia Ltd yesterday said that its net profit for the fiscal second quarter ended March 31 climbed 25 per cent on strong growth in new orders from the Asean, India and Greater China. Datacraft's CEO Bill Padfield
      356 words
    • Article
      Lock icon At a glance
      239 9 Notes: Net profit refers to profit attributable to equity holders. Net profit includes profit from a discontinued operation. Wheelock: No comparative income statement has been presented as the year end changed from March to December. Exchange rate: US$l =551.381, RMBI =550.197, HK$l =550.177, Bahfl =550.044, RUPI =550.*****
      239 words
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      Lock icon Page 6 Advertisements Column 1
      383 6 /4?> Get your Rabobank Warrant lO tifk Highlights daily via email. Visit www.rabowarrants.com.sg or Uj^UJ |^SSlSy^^UzL& fcj| 4y emailwarrants@rabobank.com SEMBCORP MARINE RB ECWOBIOOB (FV6W) KEPCORP RB ECWOBII2B (FRBW) SEMBCORP MARINE LTD Call KEPPEL CORP LTD Call Exercise Price 554.15 Exercise Price 5511.495 L Expiry Date 8 October 2008 Ratio 0.25
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      3908 7 JOINT ANNOUNCEMENT By MIDSOUTH HOLDINGS LIMITED (Incorporated in Singapore) (Company Registration No. *****2540W) ZHONG NAN HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No. *****) PROPOSED VOLUNTARY DELISTING OF MIDSOUTH HOLDINGS LIMITED 1. INTRODUCTION (c) GYG 1.1. Dellstlng Proposal. Following the holding announcement released on 17 April 2008 ("Holding Announcement") by
      3,908 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Hang Seng leads STI down the slide
      605 8  -  R SIVANITHY STOCKS Singapore index slips 4.9 points while HK indicator posts slight loss IT MIGHT appear somewhat simplistic to say that the weakness in the local stock market yesterday was a consequence of the weakness in Hong Kong, but sometimes, when all
      :: Bloomberg  -  605 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      96 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 6 5 0 0 0 5 6 5 lanufacturing 59 76 53 14 68 83 67 Commerce 17 34 18 21 41 21 'pt/Stor/Comms 18 12 19 14 :inance 18 18 Construction 10 10 'roperties
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 29,950 29,950 130,967 130,967 lanufacturing 335,277 91,737 427,014 300,883 5,506 306,389 lommerce 47,091 28,421 75,512 70,223 6,728 76,951 'pt/Stor/Comms 117,989 1,060 119,049 326,114 245 326,359 :i nance 24,507 66 24,573 231,008 14 231,022 lonstruction 17,066 31,287 48,353 4,527 1,869
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 8 lapitaLand 6.620 -0.060 lapitaMall 3.570 +0.100 jtyDev 11.700 losco Corp 3.410 +0.030 IBS Grp 20.020 -0.140 :&N 4.930 -0.050 Sent Intl 0.575 -0.005 IK Land 4.990 +0.030 ISH 18.420 +0.120 lardineC&C 17.100 +0.040 Ceppel Corp 11.120 +0.040 Ceppel Land 5.700 -0.100 IOL 3.760 +0.170 loble Grp
      105 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      922 8  -  LYNETTE KHOO Source: SingTel May 14 close: S$3.73 DBS Group Research, May 14 COMMENT on results: Excluding IDA compensation of $84 million last year, underlying net profit of $968 million was up 9.2 per cent y-o-y and better than our and consensus expectations of $905 million. The company
      may Bloomberg  -  922 words
    • Article, Illustration
      Lock icon US$ soars on strong retail data, hawkish Fed
      535 8  -  LARRY WEE CURRENCIES THE US dollar made an impressive comeback in Asia yesterday, surging to a six-week high 0f551.3850 and recording fresh 2008 peaks of 42.67 Indian rupees and 42.85 Philippine pesos. Elsewhere, weaker non-Asian units like the British pound and New
      Reuters  -  535 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 8 »/lay 14 VALUE CLOSE -33.00+106.C IT OB/OS IT CADI -*****.00 -56. IT 10-day MA -*****.00 -3.0i TSE ST Mid Cap 820.18 +3.2 TSE ST Small Cap 680.27 -2.6i TSE ST All Share 818.28 -0.6i TSE ST China 491.34 -5.0i IOB Catalist 151.41 +1.4! IMSCI 392.61 -1.21 IMSCI
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    • Article
      Lock icon MOST ACTIVE STOCKS
      62 8 VOLUME Golden Agri 45,331,000 ArianeCorp 41,785,000 Synear 28,913,000 Sing Tel 28,861,000 Gent Intl 27,667,000 DBS MBL eCWOBO9OS 27,663,000 China Honqxinq 27,385,000 Ocean us 24,805,000 Mercator 23,641,000 DBS DBeCWOBIOI3 22,762,000 VALUE(S) Sing Tel 108,464,272 Keppel Corp 97,952,255 DBS Grp 80,645,784 Capita Land 67,263,240 S I A 65,646,485 SGX
      62 words
    • Article
      Lock icon RISES
      86 8 CLOSE UP IMH 3460 243.4 5.4 itraitsAsia 388 20.0 5.. IOL 376 17.0 4. ISH 1842 16.6 0. ;txpokwioo 369 11.0 3.1 Mall 357 10.0 2. IOB 2040 10.0 0. ilec Eltek 175 9.7 4., Coffeemix 115 9.0 8. iNP 500 151 8.0 5.' irstlinkW*****0 BY PERCENTAGI CLOSE Ul
      86 words
    • Article
      Lock icon FALLS
      118 8 CLOSE DOWN LD 10US$ 8518-196.4 -1.6 ientini CBBeCW*****4 0.5 -24.0 -98.0 ;gx 882 -20.0 -2.2 ;GXMBLiCW*****0 305 -16.0 -5.0 China H 10US$ 1792 -15.2 -0.6 DBS Gr| 2002 -14.0 -0.7 Furama 302 -14.0 -4.4 Eni >ris 5 -13.0 -72.2 •lam 283 -12.0 -4.1 ISMSCI India 100 740 -11.1 -1.1
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    • Article
      Lock icon CURRENCIES
      82 8 Where S! stands May 14 CHNG CLOSE FRMay13 YR2008 S$ LOW S$ HIGH uss 1.3845 -1.06 1.4542 1.3457 Euro 2.1352 -0.83 2.2064 2.0474 Pounds 2.6847 -0.68 2.8431 2.6568 1.2890 -0.04 1.3235 1.2349 ren* 1.3144 0.44 1.4484 1.2832 Rupiah* 0.***** -0.47 0.0155 0.***** Baht* 4.2587 -0.39 4.4299 4.2350 Peso* 3.2348
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  • SINGAPORE NEWS
    • Article
      Lock icon More big firms could join MOE's computer project
      643 10  -  ONG BOON KIAT IBM, SCS consider participation in 2nd Standard Operating Environment project By ELEVEN companies, comprising local and multinational heavyweights, have thrown their hats into the ring for a mega IT project from the Ministry of Education (MOE), but more goliaths
      643 words
    • Article
      Lock icon Diversified S'pore economy to do well: economist
      276 10  -  QUAH CHIN CHIN Reports by THE Singapore economy has held up well despite slower exports in the past 18 months, an economist said yesterday. HSBC senior economist Robert Prior-Wandesforde said that tech exports in particular have been contracting, but this has not drastically
      276 words
    • Article
      Lock icon $20m scheme launched to help SMEs venture overseas
      264 10 INTERNATIONAL Enterprise (IE) Singapore yesterday launched a $20 million programme to help small and medium enterprises (SMEs) venture overseas. The Internationalisation Capability Development Programme (iCDP) will support the development of capabilities that firms need to expand beyond local shores. These include branding,
      264 words
    • Article
      Lock icon DP Architects tapped for Bahrain health island
      272 10  -  CHEN HUIFEN DP ARCHITECTS will now have its name linked to a unique health island in the Middle East, adding to the number of major projects it already has in its bag. In a statement yesterday, the Singapore architectural firm announced for the
      272 words
    • Article, Illustration
      Lock icon New role for action star
      179 10  -  JOHN HENG THERE was no red carpet, no screaming fans nor millions of flash bulbs going off as Jet Li arrived at the press room. Dressed in a sombre black outfit, the 45-year-old veteran actor is in town, not to promote his latest movie but
      JOHN HENG  -  179 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon PM Lee, Jet Li to speak at Forbes conference
        95 10 THE Forbes Global CEO conference will be held in Singapore from Sept 8-10. It will discuss the increasing uncertainty brought about by globalisation and the winning strategies to deal with it, as well as topical issues such as the US elections,
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      • Article
        Lock icon Labour force survey starts on May 23
        64 10 THE Ministry of Manpower will be conducting the mid-year labour force survey from May 23 to July 31. The purpose is to collect data on the economic characteristics of the population to help in policy planning. The ministry will notify by post households
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    • Article
      Lock icon Cheaper, faster settlement for motor accident disputes
      478 10  -  SAMUEL EE By A MORE affordable and expeditious way of resolving motor accident disputes is now available with the launch of the Financial Industry Disputes Resolution Centre Non-injury Motor Accident (FIDReC-Nima) Scheme. Since March 17, non-in-jury motor accident (Nima) disputes between consumers and
      478 words
    • Article, Illustration
      Lock icon US recession a reality, says Merrill economist
      672 13  -  CONRAD TAN He expects house prices to fall another 15-20% over the next 20 months By THE worst is far from over for the US economy, which is facing its worst consum-er-led recession in more than three decades, the top economist for North
      BLOOMBERG  -  672 words
    • Article
      Lock icon Fund managers downbeat on earnings outlook
      405 13 By EMILYN YAP MARKET uncertainty from the unfolding US sub-prime mess and the resulting credit squeeze have dampened earnings forecasts, and institutional investors are divided on where to place their bets next. Gathering at a Merrill Lynch conference yesterday, senior fund managers appeared downbeat
      405 words
    • Article
      Lock icon Banks ignoring climate change at their own risk
      461 13  -  CONRAD TAN By BANKS that ignore climate change or carbon emission issues risk mis-pricing new acquisitions or loans as such issues gain importance among investors worldwide, the head of an association that promotes socially responsible investing in Asia said on Tuesday. Increasingly,
      461 words
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      714 10 ADVERTISEMENT OF PROPOSED AMALGAMATION FOODTECH PRODUCTS PTE. LTD. LACTO JAPAN (ASIA) PTE LTD NOTICE is hereby given that Foodtech Products Pte. Ltd. ("Foodtech") and Lacto Japan (Asia) Pte Ltd ("LJ Asia") intend to amalgamate and continue as one company, being Foodtech under the name of Lacto Asia Pte. Ltd. (the
      714 words
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      4 10 (QxeliiAioe By? T~—r t«^
      4 words
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      323 11 //11l f Iff fi^^\ Welcome to the Next City Living Right Here at B Rodyk Officially launching this holiday weekend [May 17, 1B and 1 3D Developer offering Interest Absorption Scheme* and FOP DPIVStS viS\A/iPIQ Stamp Duty Absorption. Offer ends May 19. please call •Subject to loan approval by bank.
      323 words
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  • EMERGING ENTERPRISE 2008
    • Article, Illustration
      Lock icon Taking a bite of the snacks pie
      1209 12 San SeSan, which supplies tasty tidbits that are also healthy, is eyeing regional and then global expansion, reports DANNY TAN FORGET Charlie's Angels. Two Singaporean women who call themselves "Snack Angels" have set up a business that sets out to combine great tasting
      ARTHUR LEE  -  1,209 words
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      206 12 AFTEQ A BUSY DAY bV^^P^W^bl I bTa^^l ERP gantry locations and prices r^^itp V^L*^-^^^™" I™"^^^^^ k ~^^Bk^W Live traffic news ■BBBBBBBB|BOHIBMHYPf|] X\yV¥^rXTm% PUHE fmt J bU -Ibl KJAl^Ji'lljlllMifJlfJaiiili t^^tf^BW^aV WbW V bw4H HPHI Hr^PV^^l I Wgfl 9 m Jm BL S I _^/L^B_K !k. A Building name and block numbers
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      725 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
      725 words
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      1924 13 ANNOUNCEMENT by virtue of Section 1013 (5) of the Dutch Code of Civil Procedure Hearing regarding the petition to declare the Settlement Agreement entered petition by the parties to declare the Settlement Agreement binding with the Court's registry into by Shell and others binding in Amsterdam by 9 October 2008
      1,924 words
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  • ECONOMY WATCH
    • Article
      Lock icon Global economy will not recover before 2009: IMF
      447 14 Reuters Problems include imbalances between currencies; rising oil and food prices [JERUSALEM] The International Monetary Fund does not expect the global economy to recover before next year, its chief Dominique Strauss-Kahn said yesterday. Mr Strauss-Kahn told a conference in Jerusalem to mark
      – Reuters  -  447 words
    • Article
      Lock icon Japanese April wholesale prices up 3.7%
      354 14 Reuters [TOKYO] Japanese wholesale inflation rose 3.7 per cent in April from a year earlier, more than expected, fuelling worries that soaring oil and raw materials prices could squeeze businesses and hurt economic growth. The strong rise in corporate goods prices reinforced broader fears
      Reuters  -  354 words
    • Article
      Lock icon IMF to revise funding facility to ease food crisis
      396 14 Reuters [WASHINGTON] The International Monetary Fund is revising an existing lending instrument that disburses funding as quickly as possible to countries struggling with soaring food prices, a senior official said on Tuesday. Mark Plant, deputy director of the IMF's policy development
      Reuters  -  396 words
  • Page 14 Advertisements
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      15 14 Korea *J Sparkling HH Expand your Horizons and voyage to your dream resort H HihliMlMlpiH
      15 words
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      105 14 Our qualified professionals Wjtk can assist you with offshore p| J structures, shelf companies ?ii2.-^ IG^fl and incorporations in ALL jurisdictions including: Britishvir 9in|s|ands e^U^^^^^l Cayman Islands 7^l *Banamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts
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  • MALAYSIA
    • Article, Illustration
      Lock icon Govt ready to trade palm oil for rice to stop food crisis
      455 15 ■AP Barter deals can help M'sia build up its rice stockpile: Cabinet minister [KUALA LUMPUR] Malaysia is prepared to offer palm oil in exchange for rice to any rice-exporting country as part of efforts to stabilise domestic supply,
      ■AP  -  455 words
    • Article
      Lock icon Maybank posts 0.8% dip in Q3 net profit
      431 15 Reuters, Bernama It was affected by slower growth in non-interest income [KUALA LUMPUR] Malaysia's largest lender, Malayan Banking Bhd (Maybank), yesterday reported a marginal 0.8 per cent fall in third-quarter net profit, mainly on a fall in noninterest income. The bank, which
      – Reuters, Bernama  -  431 words
    • Article
      Lock icon Khazanah eyes investments in China
      340 15 Bloomberg [BEIJING] Khazanah Nasional Bhd, the Malaysian government's US$25 billion investment fund, is evaluating investments in China's infrastructure, environmental products, financial and healthcare services, the agency's chief said. "We have a longer horizon compared with the traditional private-equity investors and we're experienced in many emerging
      ■ Bloomberg  -  340 words
  • Page 15 Advertisements
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      126 15 t II I Another I Premium Serving IE Singapore's NEW Advisory Centre is now open! Join us as we celebrate the launch of yet another quality service for Singapore businesses. Whether you're seeking better support for your internationalisation ventures or exporting to new markets. International Enterprise (IE) Singapore is your
      126 words
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  • CHINA QUAKE
    • Article, Illustration
      Lock icon Chinese shares rebound
      329 16 AP Shanghai Composite up 2.7% as 32 quake zone firms resume trading [SHANGHAI] Chinese stocks rose yesterday, rebounding from losses that came after an earthquake killed thousands of people and devastated parts of central China's Sichuan province. The benchmark Shanghai Composite Index gained 2.7 per cent, or
      AP  -  329 words
    • Article
      Lock icon Cost of disaster seen exceeding US&20b
      534 16 Reuters Damage estimate from AIR Worldwide based on property, insurance data [LONDON] The cost of the devastating earthquake in China, which killed more than 15,000 people, is likely to exceed US$2O biUion, according to leading disaster modelling firm AIR Worldwide. The 7.9 magnitude earthquake,
      – Reuters  -  534 words
  • Page 16 Advertisements
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      220 16 iiSr^Ml■ i r'tfjim3l 'k *mQ >H *4nt ■■■!&*«Il L*Hlk. h ~1 fc 1™ I k.m.^'J L^H^1 JlI jLJJJ*iih■!4SßbV^l»A^t 1B 'il' J3 I fc^ mPt kbj &TI/™ J^»l "^JSi P^P^3Vh jjp|t&ej"|s.jtf'y^'■' j ■''j*'".-^r' ---'V' '^^M' 'J^Pr^"r kIWMr IR^^^l .-*-'?qJK:Sn)^S?r^^^BßPMflWjffigtS^' fl'' t|BSHH f l ThePeakOfMetr °PolitanLiving [IHIMMMIMMIMM q| In the heart of
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  • INDIA
    • Article, Illustration
      Lock icon Indian telecoms tycoon makes overseas call
      606 17 Reuters Sunil Bharti Mittal could well pull off India's biggest foreign takeover [MUMBAI] When Indian billionaire Sunil Bharti Mittal opened the first of his group's retail stores in April, he chose his hometown of Ludhiana in Punjab state, where as a young man he
      Reuters  -  606 words
  • Page 17 Advertisements
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      281 17 BCT and CNT Fees* jJIPP l^t_ and Funding pSSSSSSS. Foreianers J^X**! frBusiness Chinese Test BCT2 (Reading) $6.42 $64 20 EJ^WuICI! 3jj|J Business Chinese Test BCT3 (Writing) $6.42 $64.20 Chinese Numeracy Test $6.42 $64.20 B^^ •Inclusive of 7% GST Participants can select to take any one or all of the tests.
      281 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Police impose curfew to check violence
      507 18 -AP BOMB BLASTS IN JAIPUR 80 dead in a string of 7 explosions; Bth bomb found and was defused [JAIPUR] Police imposed a day-long curfew in the western Indian city of Jaipur yesterday to prevent any retaliatory violence after a series of blasts in
      -AP; AFP  -  507 words
    • Article
      Lock icon China to let more firms into interbank forex mart
      273 18 Reuters [BEIJING] China will lower the market entry threshold to bring more non-banking financial institutions and non-financial companies into the country's embryonic interbank foreign exchange market, a senior official said here on Wednesday. Wang Xiaoyi, deputy head of the State Administration
      – Reuters  -  273 words
    • Article
      Lock icon Taiwan city sets sights on China developers
      394 18 Reuters Taichung hoping for interest in tech park, commercial area [TAICHUNG, Taiwan] The central city of Taichung has set aside part of a major industrial park for investment from China, hoping to profit on improved ties with Beijing under a new president, a
      – Reuters  -  394 words
  • Page 18 Advertisements
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      97 18 r^L JfcfT £l -j± d__f._fc r San B^3?T!^^P**ff3m. ,f V* :ttifi' bbbt s s*\ \\[\.riii B^. Biff DT IS P^i ill U\/ J r' Jr!P^ w^ tHH P«. 1 'S'i'iMt I E~l A A A A BKI :i>i%% X fvvj BBt-HNM .^w M m a. 'fB V a«_ 4? B
      97 words
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  • AAMA-TEX 2010
    • Article, Illustration
      Lock icon Aama-Tex: Going with the flow
      889 19 The triennial exhibition is organised by the Sewing Machine Traders Association (Singapore), reports quah cmni cmni SINGAPORE aspires to be a hub of all kinds, from finance to education. But perhaps less well-known is the fact that it is the sec-ond-largest textile and apparel business
      889 words
    • Article, Illustration
      Lock icon Finger on the pulse
      851 21 Like fashion, Singapore's textile industry constantly reinvents itself to stay afloat in dynamic conditions, sara lim and wee jun kai report AS THEY say in fashion, "one day you're in and the next day, you're out". To stay afloat in similarly dynamic business conditions, Singapore's textile
      851 words
    • Article, Illustration
      Lock icon Showcase opportunities for local designers
      370 21 THE Singapore Fashion Festival (SFF) and Singapore Fashion Week (SFW) may seem indistinguishable to the less informed, but there are key differences. While both events serve to raise Singapore's profile as a regional fashion hub, SFF is a consumer show while SFW is a trade
      370 words
  • Page 19 Advertisements
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      130 19 The Bth Asia Apparel Machinery Accessories Exhibition ASIA'S LEADING SHOWCASE^ FOR THE INDUSTRY I Incorporating Textile Machinery Accessories Exhibition Leather Machinery Accessories Exhibition w For enquiry, please contact Tel: 6743 9113 or email: smtas@smtas.org.sg Website: www.smtas.org.sg Organised by: Endorsed by: Held in: Official Airline: JBE& aif J s^yF* I, JPiS^^OtHM^^S
      130 words
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      1342 20 Sewing Machine Traders Association (Singapore) <r Celebrates2^ Years of Success I 1 The Meritus Mandarin Singapore Thursday, 15 May 2008 at 6.30pm Guest of Honour: Mr Lee Vi Shyan, Minister of State for Trade and Industry I wish to extend my heartfelt congratulations to the Sewing Machine Traders Association This
      1,342 words
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  • WORLD
    • Article, Illustration
      Lock icon Lucian Freud painting fetches record US$33m
      509 22 Reuters [NEW YORK] A Lucian Freud painting sold for U5533.6 million at Christie's art auction on Tuesday, shattering the record for a piece by a living artist. The British painter's 1995 portrait of a nude woman sleeping on a sofa, Benefits Supervisor Sleeping, sold
      Reuters; AP  -  509 words
    • Article
      Lock icon BURSA MALAYSIA
      2262 22 VOL C000) lay 14 RM ASM Realty 0.67 \bric Bhd 0.19 advance Synergy 0.12 Adventa Bhd 1.31 AeMuIti Hldgs 0.22 Win Holdings 2.03 Ahmad Zaki Resou 1.01 AicCorp 0.51 \irasia Bhd 1.19 Akn Technology 0.51 alliance Financi 3.14 aluminium Co 1.11 Amalgamated Ind 0.65 tamb Hldgs Bhd 3.96
      2,262 words
    • Article
      Lock icon AIG to raise USsl7b in equity, debt
      224 22 Bloomberg [NEW YORK] American International Group (AIG) is set to exceed plans by raising more than US$l7 billion in stock and debt to bolster its balance sheet after two record quarterly losses. AIG sold US$ll.9 billion in common stock and units that can
      Bloomberg  -  224 words
    • Article
      Lock icon Barclays sums don't add up for analysts
      619 22  -  MARK GILBERT Bloomberg More writedowns inevitable in today's interim trading report say sceptics By [LONDON] The numbers coming out of Barclays, the UK's third-largest bank, don't seem to add up, leaving analysts convinced that further writedowns are inevitable in today's interim trading statement
      – Bloomberg  -  619 words
    • Article, Illustration
      Lock icon Annika Sorenstam, Justine Henin calling it a day
      688 22 -NYT [NEW JERSEY/BRUSSELS] For a decade starting in the mid-*****, Annika Sorenstam was the face of women's golf: the winner of the most tournaments, the biggest money-winner, a fresh-faced native of Sweden who brought public attention to the LPGA. On Tuesday, she
      -NYT; PHOTOS: AFP, AP  -  688 words
    • Article
      Lock icon Consumer prices up just 0.2% in April
      368 23 -Reuters, AP LATEST US DATA [WASHINGTON] Despite the biggest jump in food prices in 18 years, US consumer prices rose a small-er-than-expected 0.2 per cent in April as energy prices paused in their recent surge, a Labor Department report yesterday showed. The rise
      -Reuters, AP  -  368 words
    • Article, Illustration
      Lock icon US senators may block Saudi arms deal
      681 23 AFP, NYT, Bloomberg Resolution will prevent sale unless Saudi Arabia ups oil production [WASHINGTON] A group of Democratic senators on Tuesday threatened to block a multi-million dollar US arms deal with Saudi Arabia, unless the kingdom ups oil production and helps cut soaring
      AFP, NYT, Bloomberg; AP  -  681 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8319 23 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.936/ Star Europe Bond 1.19/ Star Europe Bal 1.166/ Star Asian Tiger Eqty 1.367/ Star Asia Bond 1.184/ Star Asia Balanced 0.97/ Star Global Technology Fund!** 0.2/ MultiStFd 0.815/ Star Asia Bond(USD) 0.863/ Gib Multi St USD 1.072/ Asia
      8,319 words
  • Page 22 Advertisements
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      103 22 If you are in any of these situations: ~i^^^"^fa_ You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch
      103 words
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  • AVIATION
    • Article, Illustration
      Lock icon EADS profit beats forecasts on Airbus delivery boost
      791 24 Bloomberg It posts 285 m euros Q1 earnings as March delivery hits record 48 planes [TOULOUSE] European Aeronautic, Defence Space Co reported first-quarter earnings that beat analysts' estimates after its Airbus planemaking unit boosted production and cut spending on research and development.
      – Bloomberg; AFP  -  791 words
    • Article
      Lock icon Alitalia Q1 loss due to rising oil prices
      453 24 Bloomberg [LONDON] Alitalia SpA, Italy's state-controlled airline, said rising oil prices led to a wider first-quarter pretax loss and called its finances unsustainable without fresh capital. The quarterly loss totaled 215 million euros (*****.6 million) compared with 152 million euros a year
      – Bloomberg  -  453 words
    • Article
      Lock icon MAS may extend 'low fares' elsewhere
      130 24 Bernama [KUALA LUMPUR] Malaysia Airlines (MAS) yesterday launched its campaign of "Everyday Low Fares" to all its Asean destinations and selected routes between Malaysia and China. Executive director/chief financial officer Tengku Azmil Zahruddin said MAS may extend the offer to more international destinations when
      – Bernama  -  130 words
    • Article, Illustration
      Lock icon China Eastern seeks 15b yuan for new planes
      663 24 Bloomberg [HONG KONG] China Eastern Airlines Corp, the most indebted of China's big three airlines, aims to raise at least 15 billion yuan (552.94 billion) for new planes and training to help it compete with Air China Ltd and Cathay Pacific Airways
      – Bloomberg  -  663 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2400 24 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (F alia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RB, aq Airlines (BOU), BR EVA Airways
      2,400 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      370 24 CRYPTIC CROSSWORD ACROSS 6 Island to get spiced up and HJ HJ HJ HjHB HJ HJ HJ coming from fruit planta- HJ HJ HJ H^HHj HJ HJ HH 9 Entitlements of the two joined in marriage, say (6) j^B j^B j^B j^^^B jH jHj jHj 10 One day with awful
      370 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Industry demand exceeds supply: Ultrapetrol CEO
      442 25 Reuters High oil prices creating huge potential for deep-sea drilling [CHICAGO] As oil nudges US$l27 a barrel and creates huge potential for deep-sea drilling, overloaded shipyards cannot keep pace with demand for ships that service platforms, the top executive at Ultrapetrol (Bahamas) Ltd said
      Reuters; REUTERS  -  442 words
    • Article
      Lock icon Mitsui to beat profit forecast on higher rates
      202 25 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, Japan's second-largest shipping line by sales, will exceed its first-half operating profit forecast by "several billion yen" as it charges more to transport coal and iron ore. Daily charter rates for the company's largest ships are
      Bloomberg  -  202 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 25 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks lava Hold Ltd KTVentures Keppel Corp VlTQCorp MOLT Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine ipore Ship itar Cruises 0.62 0.37 3.41 unch 2.49 1.18 0.07
        106 words
      • Article
        Lock icon KLSE
        37 25 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 0.80 9.50 9.45 4.30 3.18 0.24 0.14 -0.01 unch unch 0.04 unch 0.02 unch 4( 1261 651 1861 5! 14! 10!
        37 words
      • Article
        Lock icon BANGKOK
        12 25 ■oo Precious Ship Regional Cont 25.50 23.70 0.50 0.10 1285 385
        12 words
      • Article
        Lock icon HONGKONG
        11 25 '000 Doil iingamas Cont .52.95 ...2.22 2.30 -0.01 147! 88)
        11 words
      • Article
        Lock icon PHILIPPINES
        21 25 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 32.00 2.50 1.52 0.10 0.50 unch unch 111 133: 90!
        21 words
      • Article
        Lock icon TAIPEI
        22 25 Evergreen Marine ...28.75 FirstSteamship 79.90 Wan Hai Lines 27.00 Yang Ming Marine ..23.60 0.05 -0.30 unch -0.15 9 6 4 5
        22 words
      • Article
        Lock icon TOKYO
        42 25 '000 14 Yen Vol Kawasaki Hvylnd...273.00 9.00 ***** Kawasaki Kisen ...1125.00 15.00 7734 Mitsubishi Hvy 459.00 1.00 ***** Mitsui Eng&Sbldg ..334.00 4.00 ***** Mitsui Osk Lines ..1547.00 47.00 ***** Nippon Express 547.00 2.00 4865 Nippon Yusen 1065.00 24.00 ***** Source: Reuters
        42 words
    • Article
      Lock icon S'pore firms sweep Seatrade Asia Awards
      342 25  -  VINCENT WEE STX. By SINGAPORE-BASED maritime companies and organisations swept 10 of 19 inaugural Seatrade Asia Awards on Tuesday night. Most major local players picked up awards with the notable exception of Neptune Orient Lines, which lost out in two categories to Maersk. The
      STX.  -  342 words
    • Article
      Lock icon Global Marine to raise 282.8b won for bulk carriers
      238 25 Bloomberg [HONG KONG] Global Marine Finance Co, set up by shipbuilder Hanjin Heavy Industries Construction Co and South Korean banks, received government approval to raise 282.8 billion won (*****.9 million) this month to build six bulk carriers. Lenders including Woori Bank
      Bloomberg  -  238 words
    • Article
      Lock icon Russian shipbuilding needs boost: Putin
      264 25 Bloomberg [ST PETERSBURG] Russia must complete the formation of the national shipbuilding holding company by April 2009 to help develop offshore energy deposits in the Arctic, Russian Prime Minister Vladimir Putin said. Russia needs to create "a line of marine technology for the extraction and
      Bloomberg  -  264 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      1867 25 JSRBS s The Royal Bank of Scotland Head Office: 36 St Andrew Square, Edinburgh EH2 2YB The Royal Bank of Scotland Singapore Branch: 1 George Street #10-00 Singapore *****5 Tel: 65-6517-5600 Fax:6s-6225-9827 Balance Sheets at 31 December 2007 Consolidated Income Statement for the year ended 31 December 2007 Group 2007
      1,867 words
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  • BizIT
    • Article, Illustration
      Lock icon Clash of the infocomm titans
      651 26 Rivals again in the second SOE project, ST Electronics and NCS spell out their respective game plans, reports ONG BOON KIAT LOCAL infocomm services majors ST Electronics and NCS, which both lost the bidding war for the first Standard ICT Operating Environment (SOE) contract, believe
      651 words
    • Article, Illustration
      Lock icon Singapore's piracy rate declines, says BSA
      765 26  -  AMIT ROY CHOUDHURY Despite fall, dollar losses go up by 27%t0 USsl6om By SOFTWARE piracy in Singapore fell by two percentage points last year to 37 per cent but the dollar losses due to the piracy grew by more than 27 per cent to
      765 words
    • Article
      Lock icon One portal to unite all govt websites
      367 26  -  WINSTON CHAI By IMAGINE chatting with your constituency's MP (Member of Parliament) about estate upgrading plans in a virtual 3D cafe as opposed to conventional meet-the-people sessions. And instead of remembering multiple e-mail addresses or websites, a single government portal gives you access
      367 words
    • Article, Illustration
      Lock icon 'Twitter' beats media in quake reports
      482 26 AFP [SAN FRANCISCO] The world had real-time news about China's massive earthquake as victims dashed out "twitter" text messages while it took place, in what was being touted on Tuesday as micro-blogging outshining mainstream news. As the earth shook with tragic consequences, people in
      AFP  -  482 words
  • Page 26 Miscellaneous
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  • EDITORIAL & OPINION
    • Article
      Lock icon Investing in the commodities boom
      494 27 UNTIL three or four years ago, the idea of commodities as an asset class was dismissed by most portfolio allocators. Commodities, after all, were a fairly esoteric subject for individual investors; access was relatively difficult and the history of returns at least until around 2002
      494 words
    • Article, Illustration
      Lock icon Shareholder value not the be all and end all
      892 27  -  ANTHONY ROWLEY Mega-investors don't have global remit to decide corporate governance for others THE Asian Corporate Governance Association, a group of (largely Caucasian) institutional investors, is due to publish a report today attacking the way in which corporate governance is carried
      AP  -  892 words
    • Article, Illustration
      Lock icon If only US politicians tackle issues candidly
      775 27  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE IT has been a blast, this US presidential campaign. A great story, full of drama. But no one should think it has been honest. With the possible exception of Iraq where candidates are
      The Washington Post Writers Group  -  775 words
    • Article, Illustration
      Lock icon Putting a value to all employees' output
      1195 28 Organisations should put in place best practice measurements to accurately gauge staff contribution to business growth By RICHARD SCHULTE HEN organiU sations review people issues, the review often circles around the financial aspect of people administration such as the cost of payroll, office
      ST/FILE PHOTO  -  1,195 words
    • Article, Illustration
      Lock icon Is the euro's cup half-full or half-empty?
      799 28  -  MATTHEW LYNN TEN years ago this month, the leaders of the European Union named the 11 countries that would merge their currencies into a single unit as a step towards transforming the region's political and economic tapestry. So has the euro really lived
      AFP  -  799 words
    • LETTER TO THE EDITOR
      • Letter
        Lock icon Boards to evaluate composition of directors
        133 28 WE refer to the letter "Directorships: have a limit for each person", by George Lim Heng Chye (ST, May 7). The Code of Corporate Governance requires a formal and transparent process for appointing new di- rectors. Where a director has multiple board representations, the
        133 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7457 29 Transaction date: May 14 High Low Code LtJM Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 5716 1st Software i I 28 5 8 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30 12 1938
      7,457 words
    • Article
      Lock icon SGX XTRANET
      62 29 _Hm Low Code Conn Sale COOO) _Hm Low Seller C'vr P/E Slllil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF US200cd US6200 US1000 US***** US***** 329
      62 words
    • Article
      Lock icon SGX CATALIST
      1932 29 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 30 11.5 1181 s AAGrp 415 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
      1,932 words
    • Article
      Lock icon CLOB INTERNATIONAL
      208 29 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
      208 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      49 29 m 11 liP^Jiirt IBS the edward p|guet watch Le maltre de I'horlogerie depuis 1875 LJ^^^W~' 'l/ltllP THE WATCH OF YOUR LIFE V^^B M VJfi/// Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED £j>'' 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      49 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 30 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mai 13 World Index Preliminan 1063.0 0.0 -6.1 0.1 -8.6 -0.2 -4.1 EAFE Preliminai 1023.6 0.4 -8.7 0.3 -9.1 -0.1 -4.6 Euro[ Prelim inan 1409.6 0.1 -8.7 0.1 -9.9 -0.2 -5.5 Pacific
      362 words
    • Article
      Lock icon SICOM FUTURES
      281 30 Mayl4 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 09 420.25 416.50 415.25 413.50 411.00 412.00 RSS 3 (US cents/kg) Month Hig sb Low Sett Volume (tonnes) Open
      281 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 30 May 14 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.939 6.531 0.605 7.277 39.715 86.680 0.981 9.773 3.047 1.226 63.914 39.935 1.291 7.105 0.987 28.934 30.305 0.481 0.933 Canada 1.065 6.953 0.645 7.748 42.286
      464 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 30 May 14 Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****F 14.08.08 1-Year BY*****N 04.05.09 0.90 1.03 0.80 0.80 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 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 PRECIOUS METALS
      171 30 May 14 GOLD (USS/oz) May 13 May 14 GOLD BULLION COINS (S$) Sellini Hong Kong 875.60 861.60 876.60 862.60 May 12 May 13 London 885.20 868.00 886.20 869.00 Source: Reuters (S$) Selling Buying 1 oz 1334.29 1199 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $467.59 383 SILVER
      171 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES INTER
      129 30 BAN Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2880 1.3040 Can dollar 1.3630 1.3790 Euro 2.1160 2.1400 NZ dollar 1.0410 1.0650 iterlini ind 2.6610 2.6920 US dollar 1.3680 1.3840 Local dollars to 100 units of foreign currency: Currencies Bid
      129 words
    • Article
      Lock icon INTERBANK RATES
      158 30 May 14 fer Overnight 7/16 1-monfh 1 9/32 2-months 1 11/32 3-months 1 3/8 Overnight mode: 1/2 US$ Offer 5/16 1 5/32 1 7/32 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.40 2.60 2.75 2.88 2.98 3.15
      158 words
    • Article
      Lock icon CHICAGO BOT
      100 30 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1374.50 1335.00 1370.00 1340.00 Jul 08 1379.50 1342.50 1382.00 1335.00 Aug 08 1374.50 1337.50 1375.00 1332.00 Sep 08 1344.75 1312.50 1343.00 1306.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 61.65 60.79 61.70 60.70 Jul
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      Lock icon CRUDE OIL & PRODUCTS
      76 30 CRUDE OIL PRODUCTS May 13 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 124.36 0.03 WTI (Near Mth) 125.87 1.91 Dubai (1-Mth F) 118.25 -1.57 Tapis blend 127.7 -2.1 Minas 125 -2.1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 108.50 157.20 -0.45 -1.6 US$/barrel Opec Oil
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      Lock icon SIBOR
      78 30 May 14 (US$) (SS) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 3.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths
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      Lock icon PALM OIL
      62 30 May 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 08 Jun 08 3551 Jul 08 3565 Aug 08 3570 Total o/p: ***** contracts 3488 175 3542 3587 3529 708 4906 3558 3612 3543 4976 ***** 3556
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      Lock icon LONDON METALS
      69 30 May 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2899.00 2882.00 3 months 2945.00 2928.00 Copper, Grade A (US$/tonne) Cash 3 months 8330.00 8235.00 8376.50 8260.00 Lead (US$/tonne) Cash 2297.50 3 months 2315.00 2227.80 2245.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon LIFFE
      76 30 May 13 (£/tonne) Close Prev Hii ih/Low May 08 1417 1491 1507/1397 JulO8 1440 1514 1532/1412 SepO8 1403 1463 1470/1391 Dec 08 1383 1442 1455/1374 COFFEE (US$/tonne) Close Pev High/Low May 08 2245 2246 2264/2204 JulO8 2265 2281 2303/2215 SepO8 2249 2250 2268/2208 Nov08 2228 2218 2237/2178 SUGAR (US
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    • Article
      Lock icon STOCK INDEX FUTURES
      25 30 May 14 ten Jii Sett >TI ilMSCI Ma' 393.8 393.9 391.1 'aiwan Ma' 347.6 350.8 349.5 Source: MF Global (S) He. Ltd
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      Lock icon US$/S$ FORWARD RATES
      21 30 May 14 Bid Offer 1-month 1.3814 1.3827 2-months 1.3798 1.3812 3-months 1.3783 1.3797 6-months 1.3742 1.3758 Source: OCBC
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      Lock icon INTERBANK CURRENCY RATES
      154 30 May 14 Against SS Zurrencies Bid Offer Against USS Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.2903 1.2917 0.9329 0.9332 Canadian dollar 1.3739 1.3753 0.9933 0.9935 iuro 2.1318 2.1336 1.5413 1.5414 IZ dollar 1.0520 1.0537 0.7606 0.7612 jterlini 2.6847 2.6874 1.9411 1.9415 IS
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      Lock icon SGX DERIVATIVES TRADING
      348 30 May 14 iURODOLLAR FUTURES unO8 >epO8 DecO8 VlarO9 97.185 97.065 96.815 96.670 0 0 0 0 ***** ***** 7627 ***** EUROYEN FUTURES unO8 99.150 99.150 >epO8 99.090 99.090 DecO8 99.035 99.040 VlarO9 98.930 98.930 lunO9 iepO9 98.785 98.785 DecO9 VlariO 99.140 99.070A 98.980 98.890A 98.815A 98.765A 98.680A
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    • Article
      Lock icon BONDS & WARRANTS
      1459 30 BONDS WARRANTS Pel lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left S756# Asiatic Grp (H) W*****2 7.5 -0.5 4 1 3 -5 1.47 28 !878Aztech Systems W*****6 4 -0.5 12 1 51 120 6.25 26 !666Capitaland BNPECW*****9 9 -0.5 26
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      3240 31 Shipping times A H^^nHH WAN HAI INTERNATIONAL PTE LTD crN0:N*****0000/R biMIMMI 1&&&& IKy I TvVM lAI A M HAI IN F Customer **vi«/B«l™P Direct Line (1800) *****200 I I fc. Wi.^.»l 'I I ■•MMMaMMniMgHSjaMMSWJfIM HIEB^SSHIIHBIfiB! I V '-V linll llnl LIIIL># F*LTEL:(O3) *****888 FAX: (03) *****288 PEN UL: (04)*****00 FAX:
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      3299 32 to AUSTRAL ASIA LINE IZ^ZZ*Z2 PS! II 19 II Hp) |p-<l_-C—/ asia AUSTRALIA SERVICE AcceptingContainer/LCL/Breakbulk/Project 'VmU* Mm -V-M __HH rmsZ.^^^^^Hl^^^Hli:^^^Ki^^Mli^^^Klij^^M2j^^M2d^H \^mJZZmm\ WEEKLY EXPRESS SAILING SCHEDULE [APE YORK 05A8 04/05 I]/0J 17/05 31/05 04/06 07/06 IJ/06 BB)MJ| I kn]3s7TiniJlil7iWSfllTrT^^ [APE MORETON 81A8 11/05 15/05 22/05 08/06 12/06 15/06 19/06 I ygyjy^J^J^^yj^gyiji^^jij^lggiyy^yiyyyj^
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      3729 33 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • PROPERTY
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      Lock icon Natural disasters won't dent Asia property allure
      619 34 Reuters European investors find region's GDP growth too attractive [LONDON] The recent catalogue of natural disasters such as earthquakes and cyclones will not stop European property investors seeking value in Asia's most promising real estate markets, fund managers said here on Tuesday. Days
      Reuters  -  619 words
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      Lock icon UK house prices to fall 5% this year: economists
      714 34 Reuters Tumbling house prices may further dent consumer confidence [LONDON] British house prices are likely to fall 5 per cent this year, a Reuters poll of economists showed, and many believed that they could tumble twice that as soaring consumer inflation
      Reuters  -  714 words
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      Lock icon UK building work slumps again in April
      143 34 [LONDON] Commercial building activity in Britain shrank for a sixth straight month in April and was expected to fall further in the next three months, data showed on Tuesday. Property services firm Savills said its Total Commercial Development Activity Index showed a net
      143 words
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      Lock icon Sino Land project 60% sold as mortgage costs fall
      422 36 Bloomberg Average prices for apartments smaller than 1,000 sq ft rise 15.6% in Q1 [HONG KONG] Hong Kong existing home sales rose last week and Sino Land sold almost 60 per cent of the new apartments at its Palazzo development in
      Bloomberg; BLOOMBERG FILE PHOTO  -  422 words
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      Lock icon US home foreclosures hit fresh high in April
      217 36 -AFP [WASHINGTON] In a further sign of the still-trou-bled US housing market, a survey yesterday showed home foreclosure actions hit a fresh all-time high in April of 243,353. The survey by the research firm RealtyTrac said the percentage of foreclosure actions including
      -AFP  -  217 words
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      Lock icon Foreigners more upbeat on M'sian real estate
      498 36 -Bernama [KUALA LUMPUR] Foreigners are more bullish about the Malaysian property market than locals, according to a survey by one of the country's property websites, thinkproperty.my. Its chief executive officer Asim Qureshi said in the survey involving 250 participants, significantly more foreigners were
      -Bernama  -  498 words
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      Lock icon 4 bungalows sold for $5.5m each
      597 37  -  KALPANA RASHIWALA $22 million transaction works out to $1,128 psf of built-up area By AMID the current quiet residential market, some deals are still being stitched up. All four strata bungalows in a freehold cluster housing development near Eng Neo Avenue were snapped up
      597 words
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      Lock icon New trail links Southern Ridges to Keppel Bay
      309 37  -  WEE JUN KAI By THE Urban Redevelopment Authority (URA) yesterday announced details of its plan for a new 2.2-km "linear park", which will connect the Southern Ridges parks, including Mount Faber Park, Telok Blangah Hill Park, Kent Ridge Park and West Coast
      309 words
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      896 34 I Cushl 679ns&3^4s ef'?' dl B^Sl I FOR SALE BY EXPRESSION OF INTEREST BiSEa BOUTIQUE OFFICE BUILDING BEACH JUNCTION \'First 6(i6y the sea. 6Soosqft,6+4nn, Emm Cc||a Dlf TonHof I'mwromicview. afflgJ.' Off Smtosa. r*M <^CIIC OJT- d l»Jd AppfOX. 20,000SC| ft Of N©t I <£> rD I Mosque street Hotel A/d
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      82 34 Tanglin Open House Reside in the exclusive Tanglin "Embassy District". Conveniently located at an enviable stone's throw from the heart of the city. A majestic 17,177 sq.ft. mansion sits high up Mt Echo Park built for high society living. Tasteful brand new interiors an exceptional garden created by Michael White.
      82 words
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  • BUILDING FOR TOMORROW
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      Lock icon Live and work under one roof
      901 35 Multiple-usage buildings bring commercial and retail conveniences closer to their residents and is an approach that urban planners in land-scarce Singapore is encouraging, reports JOEL CHUA MOST of us re late to the necessary evil that is the earlymorning commute through snarling traffic to
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      114 35 This four-part series is brought to you by cSJ BEXasia 2008 Rv X J^f^XW^y^^ ftsMl*k 21-23 May 2008 SUNTEC Singapore 3\/ Opening Hours: 10 am to 6 pm BEX ASIA ISA COMPREHENSIVE BUILDING AND CONSTRUCTION EXHIBITION THAT SERVES THE SOUTH EAST ASIA REGION. View products and services across 5 key
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      332 36 FoR Sale HJH ■Tl THE SMASmNiTsiX g g^- X y^ Prime Hi-Tech Building ■mL iP^M Land 142'000sqft Tenure 30+30 yrs from 1997 historical conserved terraces to be sold individually J I beautiful architectural visage, stunning modern interiors nl§" ceiling PRs can buy with approval from LDAU* freehold tenure Corporate image
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      43 36 H?^=^J!ld,M*lJJ>l:Wll?hJT?n BUDGET HOTEL IN CHINATOWN FH 56 rooms 3 storey attic Site Area ~4362sqft Built-in ~11,3675qft BRAND NEW STUDENT HOSTEL NEAR FARRER PARK MRT FH/33 rooms/4storey W^L Site Area ~3s3ssqft Built-in -9621 sqft •^S^fiC' Welcome co-broke ALAN *****303 CHARLEEN *****410 www.spore-properties.com pj^ eeweryh
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      55 36 For Lease Toa Payoh Lorong 8 (3 storey Light Industrial Building) Corporate image with good frontage Within walking distance to amenities HDB estate Floor plate: 20,000 50,000 sq ft Suitable for showroom, warehouse office Ample carpark lots Call: 9277 1694/9685 7557 Knight Frank Pte Ltd 16 Raffles Quay #30-00 Hong
      55 words
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      1047 37 RT~ JiM GOOD CLASS %'i «tffll BUNGALOW© |^l DALVEY ROAD J Situated on Elevated Ground I Land Size: 15,000 sqft (approx) Built-in: 8,700 sqft (approx) For further information, please call INVESTMENTS (GCB Unit): 6494 3898 Company Reg No **********^^™ Land Area 142,0005f Gross Floor Area 228,0005f Tenure 30 30 from
      1,047 words