The Business Times, 21 April 2009

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Total Pages: 32
1 32 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|fl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Tuesday, April 21,2009
    20 words
  • 668 1  -  JOYCE HOOI Losses and profit hits are a given, so focus is on cash and balance sheets By [SINGAPORE] Profits for the first quarter of 2009 will be dismal but analysts will not care. About 400 companies are expected to post their
    668 words
  • MARKETS DIGEST
    • 43 1 1COMP 968.37 +3.20 IIKKEI225 8,924.75 +17.17 1ANG SENG 15,750.91 +149.64 ;et index 466.28 +9.48 IAKARTACOMP 1,661.84 +27.05 1ANILA COMP 2,086.72 -7.41 ;eoulcomp 1,336.72 +7.39 ;henzhenb 381.58 +7.14 IUMBAI IND 10,979.5 -43.59 12 noon EDT Cham )OW 7,904.1 7 -227.16 IASDAQ 1,617.42 -55.65
      43 words
    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.033 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source: I
      Bloomberg  -  30 words
    • 42 1 IS$ (S$ per US$) 1.507 (US$/S$ per 1.463 2.204 URO (US$/S$/E) 1.299 1.958 Foreign currency per US$ S$ 'EN 99.10 65.70 3.629 2.408 IK$ 7.750 5.142 !AHT 35.56 23.60 lUPIAH 10,735 7,123 lENMINBI 6.834 4.534 INDIAN RUPEE 50.01 33.18 1.402 0.930
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  • 727 1  -  KALPANA RASHIWALA Episode watched by developers that had sold multiple units to foreigners under DPS By [SINGAPORE] A China investor that bought 20 units at MCL Land's The Fernhill condo has failed to pay roughly $30 million that
    727 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 56 1 O COMPANIES COMMENTARY SME INC f CITIGROUP Operations not Are Spore exports Screwing on the Profit not affected, says RSH really bottoming out? right bolts I v all it seems PAGE 5 PAGE 4 PAGE 13 %fe, PAGE 20 > BITING C# THE BULLET US govt may become bank shareholder
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    • 8 1 Sk PCCW's buyout deal outrageous: PAGE 2 Hk
      8 words

  • TOP STORIES
    • 722 2 AFP, NYT By converting loans into stock, it would not have to seek more bailout money [WASHINGTON] US President Barack Obama's economic advisers have determined that they can shore up top US banks without asking Congress for more money by converting loans into
      AFP, NYT; i AP  -  722 words
    • THREE-MINUTE DIGEST
      • 76 2 PROFITS for the first quarter of 2009 will be dismal but analysts will not care. "The net profit item will be the least important thing this time around. The more perceptive analysts will not be looking at just net profit, because profits
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      • 43 2 A CHINA investor that bought 20 units at MCL Land's The Fernhill condo has failed to pay roughly $30 million that became due when the project received Temporary Occupation Permit recently. FRONT PAGE
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      • 64 2 US President Barack Obama's economic advisers have determined that they can shore up top US banks without asking Congress for more money by converting loans into stock, The New York Times reported yesterday. Citing unnamed administration officials, it said the move would convert
        64 words
      • 54 2 RSH said yesterday its expansion plans and other business operations will not be derailed following the US$l6O million loan default by its controlling shareholder. It argues that the company is self-funded and that operations are not affected by Golden Ace's debt obligations.
        54 words
      • 60 2 SINGAPORE Petroleum Company has reported a 43.5 per cent drop in first-quarter net profit to $55.6 million from a year earlier as lower oil prices led to a 46.8 per cent fall in revenue to $1.4 billion. Earnings per share slipped
        60 words
      • 64 2 STRIKING a positive note, Citigroup and ÜBS predict that the economy may have turned the corner, with the former predicting a recovery as early as the fourth quarter of this year. Both houses are now overweight on the local banking sector, and their
        64 words
      • 76 2 THE current economic and financial crisis will revolutionise how financial reporting is conducted and presented, says Steve Priddy, director of technical policy and research at the Association of Chartered Certified Accountants. "It has not revolutionised financial reporting yet but it will have to. We
        76 words
      • 48 2 PRESIDENT Barack Obama is running into stiff congressional resistance to his plans to raise money for his ambitious agenda, and the resulting hole in the Budget is threatening a major health care overhaul and other policy initiatives. ECONOMY WATCH, PAGE 17
        48 words
      • 75 2 THE City of London has been knocked out of Europe's top three most expensive office locations by Geneva and Paris, research by property consultants NB Real Estate and ONCOR International showed yesterday. Average office rents in the City business district have fallen 38
        75 words
    • 494 2 Bloomberg PCCW HEARING [HONG KONG] PCCW Ltd chairman Richard Li's plan to compensate himself and his co-bidder after their proposed buyout of Hong Kong's biggest phone company is "outrageous," a judge assessing the validity of the deal said. The HK$4.5O a share
      – Bloomberg  -  494 words
    • 382 2 Bloomberg LATEST US DATA Measures to boost economy may not immediately pay off [NEW YORK] The index of US leading economic indicators in March fell more than forecast, indicating any recovery from what may be the longest recession in the postwar era is still
      – Bloomberg  -  382 words
    • 703 4  -  ANNA TEO COMMENTARY Sequential series offer clues, but seasonal adjustments are a big bug By U ITH the release of flash first-quarter data last week, the Singapore economy has now seen a new set of "recordworst" GDP numbers and also, ironically it may seem, apparently
      703 words
    • 345 4  -  EMILYN YAP By [SINGAPORE] Known for its mix of high-end watch, fashion and jewellery boutiques, the Raffles Hotel shopping arcade may undergo redevelopment to make space for as many as 78 rooms. In a brief statement issued last evening, Kingdom Holding Company
      345 words
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      188 words

  • Page 3 Advertisements
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    • 827 4 _P-W_c__^______________________rV tfi MINISTRY OF I^Tml TftHm^T T&T Iff manp°wer I Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) X"^"_- -fc _J -fc Gaining competitive Edge 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2009 #Im fl II V 1 |9 O I
      827 words

  • COMPANY NEWS
    • 393 5  -  JAMIE LEE Firm is self-funded, business not affected by debt obligation, says COO By RSH said yesterday that its expansion plans and other business operations will not be derailed following the US$l6O million loan default by its controlling shareholder. It argues that the company
      FILE PHOTO  -  393 words
    • 469 5  -  RONNIE LIM By SINGAPORE Petroleum Company has reported a 43.5 per cent drop in first-quarter net profit to $55.6 million from a year earlier as lower oil prices led to a 46.8 per cent fall in revenue to $1.4 billion. Earnings
      469 words
    • 200 5 Bloomberg [SINGAPORE] Cosco Corp Singapore Ltd, the shipbuilding unit of China's biggest marine company, said it has no immediate plan to sell its bulk transport business. "The company has no plan at present to divest its dry bulk shipping business," Cosco Singapore said yesterday in a
      – Bloomberg  -  200 words
    • 363 5  -  VINCENT WEE AGM WATCH By CASH and what it is being spent on was at the heart of many shareholders' concerns at Sembcorp Industries' annual general meeting yesterday. While Sembcorp's prudence in conserving cash was applauded, some of the more senior shareholders seemed to have
      363 words
    • 326 5  -  OH BOON PING By RAFFLES Education will open a new college in Bangalore, India, marking its first overseas investment after the accounting scandal involving associate Oriental Century last month. In a statement yesterday, the education provider said the college would offer advanced diplomas in
      326 words
    • 233 5  -  CHEN HUIFEN By NERA Telecommunications has posted an 8.6 per cent rise in first quarter profit after tax to $2.9 million. For the three months ended March 31, turnover jumped 31.2 per cent to $51.2 million. This was attributed to higher sales of
      233 words
    • 461 7  -  TEH SHI NING By ORNAMENTAL fish service provider Qian Hu Corporation yesterday reported a 10.5 per cent rise in first quarter net profit, and announced a $400,000 investment in a new joint venture in India. Net profit rose to $1.4 million for
      461 words
    • 604 7  -  OH BOON PING Former suggests growth possible in Q4; both overweight on banking sector By STRIKING a positive note, Citigroup and ÜBS predict that the economy may have turned the corner, with the former predicting a recovery as early as the fourth quarter
      604 words
    • 337 7  -  LYNETTE KHOO BY EVERGRO Properties has trebled its net profit for the first quarter ended March 31, 2009 to $389,000 from $101,000 a year ago, thanks to higher interest income and gross margins. Revenue for the quarter slumped 39.2 per cent to
      337 words
    • 464 10  -  LYNETTE KHOO The cosmetics firm says collection of trade receivables has not improved By THE ugly state of affairs at Beauty China, in particular its relationship with customers, has not taken a turn for the better. This may result in weaker
      464 words
    • 330 10  -  LYNETTE KHOO Its controlling shareholder faces sale of shares pledged for loans By SINO-ENVIRONMENT Technology Group plans to seek clarity over the possibility of a takeover that may result from the enforcement of shares pledged by its controlling shareholder for his personal loans.
      330 words
    • COMPANY BRIEFS
      • 59 10 WBL Corporation has broken ground on two property projects in Chengdu and Shenyang in China. The Chengdu project is a low-density, high-end residential development comprising various types of housing. The Shenyang project is a mixed-use development. WBL said its property arm in China
        59 words
      • 88 10 NEPTUNE Orient Lines (NOL) has announced senior management appointments at its APL Logistics business unit and South Asia Region organisation. Jim McAdam has been promoted to president of APL Logistics, the NOL unit that provides international supply chain capabilities for customers worldwide. He replaces Brian
        88 words
      • 50 10 PACIFIC Healthcare Holdings has announced franchising agreements for two new medical centres in the Indian state of Karnataka, taking the number of centres operated by its jointventure company there to three. The company expects to establish two more franchised centres within the next month.
        50 words
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  • Page 6 Advertisements
    • 1322 6 I f J United Overseas Bank Limited And Its Subsidiaries (Incorporated In The Republic of Singapore) A 5 iT Co. Reg. No. *****0026Z FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008 IMPORTANT The following financial information contains only a summary of the information in the financial statements of
      1,322 words

  • Page 7 Advertisements
    • 778 7 11l U United Overseas Bank Limited And Its Subsidiaries (Incorporated In The Republic of Singapore) 7C If! fl fT Co. Reg. No. *****0026Z SUMMARY OF THE NOTES TO THE FINANCIAL STATEMENTS Dividends FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008 The Group The Bank 2008 2007 2008 2007 Corporate information
      778 words

  • SINGAPORE MARKETS
    • 583 8  -  YEN SREENIVASAN STOCKS Weak opening of European markets and Dow futures drive 22-point loss A STRONG start on the Shanghai and Hong Kong bourses caught short-sellers here flat-footed during the morning. However, a mid-afternoon recovery soon fizzled out as European markets opened weak
      : Bloomberg  -  583 words
    • 96 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 4 5 0 0 0 6 4 5 lanufacturing 55 56 62 13 62 62 75 Commerce 17 27 23 21 29 25 'pt/Stor/Comms 20 22 :inance 12 13 12 14 Construction 11 'roperties 10
      96 words
    • 116 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24,349 24,349 86,049 86,049 lanufacturing 664,892 27,597 692,489 204,322 954 205,277 lommerce 98,002 13,557 111,559 43,287 1,905 45,192 'pt/Stor/Comms 110,074 401 110,475 154,096 37 154,133 :i nance 38,882 38,889 253,809 253,809 lonstruction 74,265 4,395 78,660 9,610 49 9,660 'roperties
      116 words
    • 102 8 lapitaLand 2.840 -0.010 lapitaMall 1.260 -0.040 jtyDev 6.010 -0.140 lomfortDelGrc 1.330 -0.010 losco Corp 1.100 IBS Grp 9.170 -0.150 :&N 2.580 -0.130 ient Intl 0.610 iolden Agri 0.365 +0.005 IK Land 2.370 -0.040 IMH 19.840 -0.120 ISH 11.000 -0.160 lardineC&C 13.760 -0.580 Ceppel Corp 5.930 +0.190
      102 words
    • Article, Illustration
      227 8  -  LYNETTE KHOO Ascendas Reit April 20 close: $1.40 DBS VICKERS SECURITIES, April 20 Q4 2009 results were in line with estimates. Gross revenues and net property income grew 24 per cent and 25 per cent to $104.3 million and $80.1 million respectively. A-Reit reported a distribution per unit
      227 words
    • 184 8 CHART POINT WHILE the Straits Times Index appears resilient on the surface, it remains locked in a rising wedge formation. As the index is sitting right on the rising wedge's support line, risk of a break is high a scenario that would also imply a
      : Bloomberg  -  184 words
    • 519 8  -  LARRY WEE CURRENCIES RISK aversion was tweaked a bit higher by currency players in Asian trading yesterday after Wall Street failed to show any strong positive response to news of better than expected Ql numbers from closely watched US stocks such as Citigroup and General
      : Reuters  -  519 words
    • 4 8 DAILY
      4 words
    • 59 8 Apr 20 VALUE CLOSE IT OB/OS 920.00-124.0C IT CADI -*****.00 -43.0' IT 10-day MA -*****.00 +92.0i TSE ST Mid Cap 391.10 -1.1 TSE ST Small Cap 318.50 -2.1 TSE ST All Share 450.36 -4.5 TSE ST China Top 182.22 -1.4' TSE ST China 178.79 -1.5 IOB Catalist
      59 words
    • 60 8 VOLUME Chart SemiCond 283,605,000 China Honqxinq 115,987,000 Golden Agri 79,836,000 Global Voice 50,365,000 *Star Cruises 46,151,000 Cosco Corp 34,183,000 Bio-Treat 29,981,000 Sunmoon 25,138,000 UniFiber 24,276,000 Meiban 23,561,000 VALUE(S) DBS Grp 100,164,468 OCBC Bk 62,004,330 Keppel Corp 57,111,480 UOB 55,173,620 Sing Tel 53,548,774 Capita Land 51,487,010 Chart SemiCond
      60 words
    • 104 8 CLOSE UP ICBC Bk5.1%NCPS 100 9362 82.0 0.9 China H 10US$ 1200 31.6 1.: IQB 5.05%NCPS 100 9350 30.0 0. 'PC 346 26.0 8.1 Cor| ES.0904 597 24.0 4., iBS Bk6% NCPS 10 9980 20.0 0., ICBC Bk4.5%NCPS 100 8370 20.0 0., MBLeCW*****4 61 19.5 47.' Con 593 19.0
      104 words
    • 124 8 CLOSE DOWN DBXT S&P Short 10US$ 7420 -64.8 -0.6 lardine C&C 1376 -58.0 -4.0 India Ni 10 1020 -33.0 -3.1 ICBC Bk.ES.0904 555 -28.0 -4.8 ISH 1100 -24.1 -1.4 At '.ES.0904 598 -19.0 -3.1 IMH 1984 -18.1 -0.6 ICBCCai 5.1%NCPS 100 8902 -18.0 -0.2 ISMSCI India 100 387 -16.6
      124 words
    • 85 8 Apr 20 %CHNG CLOSE FR Apr 17 YR SSLOW R2009 S$ HIGH USS 1.5082 -0.43 1.5579 1.4308 Euro 1.9543 0.51 2.0732 1.9150 Pounds 2.1946 1.22 2.2712 2.0356 1.0667 1.46 1.1100 0.9453 ren* 1.5273 -1.03 1.7278 1.4831 Rupiah* 0.***** -0.29 0.****** 0.***** Baht* 4.2401 -0.15 4.3390 4.1040
      85 words
  • Page 8 Advertisements
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      97 words

  • Page 9 Advertisements
    • 1741 9 r3r EaSl6rn Far Eastern Bank Limited And Its Subsidiaries m Htl™ B3nk (Incorporated In The Republic of Singapore) IS W. St fT Co. Reg. No. *****0116 D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008 IMPORTANT The following financial information contains only a summary of the information in
      1,741 words

  • Page 10 Advertisements
    • 225 10 SINGAPORE BuildingaCircuitintheCity M oIINOArUKb. Where motorsports history was made with the world's first FORMULA 1™ night race. Where motorsports history is about to be made again, with the Changi Motorsports Hub, the latest in a series of development projects designed by Singapore's policy leaders to shape Singapore into the sports
      225 words
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      54 words

  • MAXIMISING CAPITAL
    • 2467 11 Firms are stretching their dollar as raising funds from capital markets is much more expensive now, reports CONRAD TAN AS THE recession drags on, companies both big and small are finding more creative ways to stretch every dollar and make the best use of their capital.
      BLOOMBERG  -  2,467 words
  • Page 11 Advertisements
    • 50 11 cffi This is the first of a three-part series brought to you by Citi's Global Transaction Services, which delivers end-to-end treasury and trade solutions that guide your business through complex regulations and evolving market conditions. To discover how to maximise efficiencies in your supply chain, please visit us at www.transactionservices.citi.com.
      50 words

  • SINGAPORE NEWS
    • 373 12  -  LYNETTE KHOO Greater attention must be given to cash generation ability of companies BY THE current economic and financial crisis will revolutionise how financial reporting is conducted and presented, says Steve Priddy, director of technical policy and research at the Association of Chartered Certified
      373 words
    • 637 12  -  CHUANG PECK MING By WITH the United Kingdom having just played host to the G-20 meeting, you might think that the new British minister for trade and investment was in Singapore to rally support for its agenda. But no, Lord Davies of
      YEN MENG JIIN  -  637 words
    • 338 12  -  CHEN HUIFEN By THREE organisations that lend assistance to start-ups and entrepreneurs in Singapore are joining forces to extend their reach and strengthen support for one another. The Business Angel Network South East Asia (Bansea), the Singapore Venture Capital and Private Equity Association (SVCA),
      338 words
    • 336 12  -  NISHA RAMCHANDANI It opts to cut costs by improving efficiency instead By L'OREAL is still recruiting fresh graduates here amid the tough economic environment, as it opts to cut costs by improving efficiency instead of scrapping jobs. "Clearly we have to look
      336 words
    • 337 12  -  NISHA RAMCHANDANI By SINGAPORE Airlines (SIA) will not compromise on staff training as it seeks to control costs, CEO Chew Choon Seng said yesterday. Speaking at the announcement of the latest Customer Satisfaction Index of Singapore (CSISG) at Singapore Management University (SMU),
      ARTHUR LEE  -  337 words
    • 257 12  -  ZHANG Yl TING By TO the new million dollar question of "How long will the recession last?", the audience lifeline says "up to one year". In an online poll run by MSN at the end of March, results show that 36 per cent of
      257 words
  • Page 12 Advertisements
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  • SME Inc
    • 751 13 Sin Hong Hardware is battening down the hatches to weather the downturn, but it's keeping its regional ambition alive, reports ZEINAB YUSUF INDUSTRIAL fasteners supplier Sin Hong Hardware is taking the recessionary bull by its horns paring costs every which way except retrenchment. Directors are
      ARTHUR LEE  -  751 words
    • 607 14 Running a restaurant has too much to do with daily chores and too little to do with the creative process, he tells BRITTANY KHOO CHEF-RESTAURATEUR Jereme Leung attained international acclaim as founder and creator of the immensely successful Whampoa Club restaurants. With a string of
      ARTHUR LEE  -  607 words
    • 419 14  -  CHEN HUIFEN Mezzanine funding, factoring, sawier financial mgt mooted By THE promotion of entrepreneurship calls for innovative ways of financing to support start-ups that have unique and innovative products to offer, especially in the current trying times. In the latest Start-up Enterprise Survey of
      419 words
    • 271 14  -  VICTOR KATHEYAS By THE stallholders at Ang Mo Kio Avenue 4 market used to have long queues of customers, especially at weekends, says market representative Iris Neo. With the downturn, the queues are shorter and people are not spending as much,
      271 words
    • 368 14  -  TEH HOOI LING By OUR small-cap portfolio demonstrates the importance of not losing heart and throwing in the towel when the financial world around you appears to be crumbling. Just over a month ago, the portfolio was worth less than $100,000 down substantially
      368 words
    • 1065 15  -  TAY WOON TECK It may be the last thing on their minds but getting bigger may be what SMEs need to do to emerge stronger from the downturn By BODYBUILDERS, sumo wrestlers and shot putters all aspire to gain weight. But getting
      FILE PHOTO  -  1,065 words
    • 1826 16  -  Lim Bong Guan THIS WEEK'S TOPIC Should SMEs venture into non-traditional markets to grow during the downturn? What factors should they consider when making such a move? What markets are you considering? Managing director LBG-NGT Corporation SMEs should constantly be on the lookout to grow in
      FILE PHOTO  -  1,826 words
  • Page 13 Advertisements
    • 51 13 Beyond4oYfears g--1. s From departure to arrival, the world is my destination h Korean Air has one of the largest global networks in the ExceUence in Flight airline industry. With 861 connecting flights to 11 6 cities in over 39 different countries, KQREAN AIR you're granted the luxury of flying
      51 words
  • Page 13 Miscellaneous

  • Page 14 Advertisements
    • 316 14 What IT Security Means to Professional Services Firms? Date: 22nd April 09 (Wed) Time: 9.00 am 11.00 am (Registration starts at 8.30 am) Venue: National Library Building 100 Victoria Street Who should attend: Imagination Room, Level 5 Finance Office HR Managers Directors Singapore *****4 Like all businesses, you rely heavily
      316 words
    • 29 14 I CHARTING DIRECTIONS II Place your AGM and EGM notices in our newspapers. X Qm II Call 1800 289 8822 or email notices@sph.com.sg. I I MATS I II NOTICES
      29 words

  • Page 15 Advertisements
    • 1429 15 ftAHg g-^ Toll free: 1800-289-8822 Keg^- II If l"i Email: n°tices@sph.com.sg J_^l Vfc>/ M. J_ V_> _Li k3 www.cats.com.sg IN THE MATTER OFTHE Tuc matted nc I I QSsiS! S"v«S;,V;' V-! ■-r"I,7SFZjU compamesact. cap 5o THE 50 UNITED OVERSEAS BANK LIMITED jKyßlisSii [NTHe'kSTtVerof AND IN THE MATTER OF Company Reg,sirai,on
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  • Page 16 Advertisements
    • 156 16 What you should do II tHB|ffiim II in turbulent times II r^PffffH II hot In turbulent times, you may have more pressing issues to attend to in your business. II B__l_L j^H__J A~ M A. *.J II AV^x X. Routine and non-core activities should be your last concern. II t
      156 words

  • ECONOMY WATCH
    • 692 17 -NYT His administration is left USs3lBb short to cover uninsured Americans [WASHINGTON] President Barack Obama is running into stiff congressional resistance to his plans to raise money for his ambitious agenda, and the resulting hole in the budget is threatening a major health
      -NYT  -  692 words
    • 421 17 -Reuters [WASHINGTON] Capital spending by US firms was showing tentative signs of improvement and the pace of layoffs slowing a bit, an industry survey showed yesterday, further evidence the 16-month old recession was abating. The National Association for Business Economics' (NABE) quarterly
      -Reuters; I AFP  -  421 words
    • 277 17 AFP [BERLIN] Governments the world over are acting too slowly when it comes to cleaning up their banks' balance sheets, IMF chief Dominique Strauss-Kahn said on Sunday. "In Germany, other European countries or in the United States, everywhere, we are
      AFP  -  277 words
    • 462 17 -AFP CBI says recovery to start in 2010 but will be slow, fragile [LONDON] A major business lobby group predicted yesterday that the worst of Britain's recession may be over, but growth would only resume next year, in a forecast just days
      -AFP  -  462 words
    • 392 17 Bloomberg [HONG KONG] Nouriel Roubini, the New York University professor who predicted the financial crisis, said that he was "still bearish" and that an economic recovery is going to take "longer than expected." Corporate earnings will "surprise on the downside," Prof
      – Bloomberg; BLOOMBERG  -  392 words
    • 268 17 Reuters [SHANGHAI] China's economy is bottoming out, which will pave the way for needed reform of the resources tax, Jia Kang, head of research at the ministry of finance, wrote in a commentary in the official China Securities Journal yesterday. Meanwhile, the government should decide
      – Reuters  -  268 words
  • Page 17 Advertisements
    • 21 17 I CHARTING DIRECTIONS H Place your AGM and EGM notices in our newspapers. I Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
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      82 words

  • MALAYSIA/INDONESIA
    • 629 18  -  PAULINE NG Comments come after businessmen in Johor say they want project revived By in Kuala Lumpur LESS than three weeks into the new administration of Najib Razak, and former prime minister Mahathir Mohamad has started piling pressure on how his party and government
      AFP  -  629 words
    • 573 18 Bloomberg It is counting on buys in Asia and North America to boost revenue [KUALA LUMPUR] Wah Seong Corp, Malaysia's third-biggest oil and gas services provider, plans an overseas acquisition in the second half that would increase sales by 20 per cent following a slump
      – Bloomberg  -  573 words
    • 331 18 Reuters [JAKARTA] Indonesia's central bank said on Friday it had withdrawn the operating licence of small lender, Bank IFI, after it failed to increase its capital, but said it was an isolated case and the banking sector remained solid. It was
      – Reuters  -  331 words
    • 189 18 Bernama [KUALA LUMPUR] Iskandar Malaysia has nearly met its US$l3 billion overall foreign direct investment (FDI) target for the phase ending in 2010. Iskandar Investment Bhd (IIB), the catalytic developer of Iskandar Malaysia, said to date more than US$ll billion or
      – Bernama  -  189 words
  • Page 18 Advertisements
    • 111 18 <yyy\ M*J Lobby Level, M Hotel THIS OFFICE AFFAIR IS NO SECRET Here's one lunch date you should not miss. MJ 3-course Set Lunch at $25.00 per person Dine with us and stand a chance to win attractive prizes worth over $2,000 in our lucky draw! Available from 20 to
      111 words
    • 107 18 maw mWH someone mUSI ■»"> Overcoming the m AArttOffOUß STORM /j JlfJTf^ \JwMMll* om3rwM W*Confidence r~k -f yfej M, ml Kg I Vittl**'^ pb L- W k^ r 0" r I BBV.^«^r* MA tP A mU Vv^in I IS VOUf COlTipSny SlffeCtßCl by k«* »M H.P^B OUvlll I Would you
      107 words

  • GREATER CHINA/INDIA
    • 409 19 Reuters It sees economy bottoming out due to stimulus package [BEIJING] China's economy will grow by 8.3 per cent this year, slightly faster than the government's target of 8 per cent, despite uncertainties about export demand, the government's top think-tank said yesterday. The forecast
      – Reuters  -  409 words
    • 271 19 AFP [BEIJING] China's sovereign wealth fund is considering investments in Europe, the head of the US$2OO billion organisation was quoted as saying in the Financial Times yesterday. Lou Jiwei, chairman of the China Investment Corporation, said the fund might turn to the
      AFP  -  271 words
    • 619 19 Reuters Upmarket models point to China's growing prowess in the motor industry [SHANGHAI] Top car executives projected sales growth of up to 10 per cent this year in China, but this lone bright spot among the world's major car markets
      Reuters; BLOOMBERG  -  619 words
    • 125 19 Reuters [MUMBAI] ÜBS said yesterday it had entered into an alliance with UK-based investment bank Noble to enhance research coverage of Indian mid and small-cap sector. The Swiss bank will refer international institutions seeking greater knowledge about Indian small and medium companies to Noble
      – Reuters  -  125 words
    • 389 19 Bloomberg Analysts say the firms will need bonds to cover losses from selling below cost [NEW DELHI] Indian Oil Corp, the nation's largest refiner, and state-owned rivals may need an additional 110 billion rupees (553.3 billion) of government bonds to erase losses
      – Bloomberg  -  389 words
  • Page 19 Advertisements
    • 863 19 V<27 nK^T/nrr Toll free: 1800-289-8822 w |\l II r^ Email: notices@sP|lcom- s Q _L^l V^>/ -1- I V-i -< M i i www.cats.com.sg WINMALL LIMITED (Company Registration No. *****1942K) (Incorporated in the Republic of Singapore) Notice to: (A) Holders of the outstanding: (i) 5573,000,000 Secured Floating Rate Class AAA Bonds
      863 words

  • ASIA-PACIFIC/WORLD
    • 580 20 Reuters, Bloomberg Results boosted by Merrill contribution, sale of China bank stake, wider spreads [NEW YORK] Bank of America Corp yesterday disappointed investors by reporting a big increase in troubled loans, even as its purchase of Merrill Lynch Co helped first-quarter profit
      Reuters, Bloomberg; ■ REUTERS  -  580 words
    • 431 20  -  ANTONY CURRIE By CITIGROUP has finally made some money again. After five quarters of posting multibillion-dollar losses and requiring two capital injections and a partial government guarantee on some US$3OO billion of assets, that's a welcome relief not least to embattled chief Vikram
      431 words
    • 436 20 Bloomberg [LUXEMBOURG] The Luxembourg unit of ÜBS must transfer the assets it holds for Lux Alpha Sicav-Ameri-can Selection, a fund that invested with Bernard Madoff, to another bank, a Luxembourg court ordered. Luxembourg Judge Agnes Zago yesterday ruled that ÜBS' local
      Bloomberg  -  436 words
    • 434 20 Reuters It offers USs6b for 2 largest in bid to control brands, cut costs [BANGALORE] Soft-drink maker PepsiCo offered about US$6 billion yesterday to buy the shares that it does not already own in its two largest bottlers, Pepsi Bottling Group and PepsiAmericas, to cut
      – Reuters  -  434 words
    • 475 20 AP, Bloomberg [NEW YORK] Information technology company Oracle Corp said yesterday that it is buying Sun Microsystems Inc in a cash deal that the company valued at US$7.4 billion after IBM Corp abandoned its bid to buy the networking equipment maker. Oracle will buy
      AP, Bloomberg  -  475 words
  • Page 20 Advertisements
    • 46 20 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experi* ofsomeofthemo: influential thinke corporate chiefs and social If activists of if \h p pi cjp /if r //A ty< \\\Ss i\ RafftesConversations (^^^^%^^^> A collection from The Business Times Available at all leading bookstores
      46 words

  • WORLD
    • 731 21 -NYT They hold voting power even though the US Treasury has a near 80% stake [WASHINGTON] In an early sign of just how tricky corporate governance has become in the era of taxpayer bailouts, three little-known trustees with no office, no staff
      -NYT  -  731 words
    • 525 21 Reuters, Bloomberg [ZURICH] ÜBS has agreed to sell its Brazilian financial services business to BTG Investments for about US$2.5 billion, resulting in a small loss but boosting its capital base, the Swiss bank said yesterday. ÜBS, one of the European banks hit hardest
      Reuters, Bloomberg  -  525 words
    • 400 21 -Reuters [LONDON] GlaxoSmithKline Pic, the world's sec-ond-largest drugmaker, has agreed to buy privately owned US skincare specialist Stiefel Laboratories Inc for up to US$3.6 billion, the two companies said yesterday. The acquisition is the latest in a string of deals
      -Reuters  -  400 words
    • 95 21 AN alabaster statue of Cleopatra, coins engraved with her images and a mask of Roman general Marc Anthony shown to the press at the Temple of Tasposiris Magna near Alexandria on Sunday. Archaeologists searching for the tomb of Marc Anthony and Cleopatra may
      AFP  -  95 words
    • 729 21 -NYT But their move to raise prices as costs fall faces stiff consumer opposition [NEW YORK] Internet service providers (ISPs) want to end the all-you-can-eat plans and get their customers paying a la carte. But they are having a hard time
      -NYT  -  729 words
    • 481 21 Reuters His agent says he was a giant on the world literary scene [LONDON] British author JG Ballard, whose novel Empire of the Sun vividly portrayed his childhood imprisonment in wartime Shanghai and was adapted into a Hollywood film, died on Sunday, his
      Reuters  -  481 words

  • AVIATION
    • 867 22 Reuters At stake is a massive contract worth a potential US$35 billion [WASHINGTON] US lawmakers are puzzled by a Pentagon estimate that it would cost US$7 billion extra to split a potential US$35 billion refuelling plane contract between two bidders, and say
      – Reuters; AP  -  867 words
    • 618 22  -  LEE U-WEN Airlines must ensure timely delivery to the correct destination YOU could call it a traveller's worst nightmare. Imagine landing at an airport after a gruelling flight, waiting for ages at the conveyer belt, only to eventually see it grind to
      618 words
    • 133 22 Bernama [MELBOURNE] Qantas is approaching the limit of its ability to transfer capacity to Jetstar to cushion the profit squeeze that led to last week's profit downgrade, Qantas chief executive Alan Joyce said on Sunday. "We have done a lot
      Bernama  -  133 words
    • 365 22  -  YEN SREENIVASAN By INTERNATIONAL law firm Stephenson Harwood (SH), a leading adviser in the transport sector, has hired aviation heavy hitter Paul Ng as its Singapore-based global head of aviation. Mr Ng, a Singaporean who has spent the past 16 years overseas including London, Paris
      365 words
    • 2608 22 AIRLINE CODES: AA-American Airlines (AAL) AF Air France C^FRJAI Air India (AIC) AY Finnair (FJN), AZ Alitalia Airimes (AZA), BA British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bh_, v v > _~>. ways Corpn (EVA), CA: Air
      2,608 words
  • Page 22 Miscellaneous
    • 297 22 CRYPTIC CROSSWORD ACROSS 7 Food taken from a car on im- IJi I- ~B^ C' PH^ pulse (8) I' 10 Take a firm stand at home P^ P^ P^ P^ 11 Dreadful bowling of seamer clerks chasing great wealth? M H^ 1 17 Ruling on issue of noise (5) 20
      297 words

  • SHIPPING
    • 463 23  -  VINCENT WEE Ignoring them will cost firms time and money in race to reach solutions By SUSTAINABLE practices sound like a good idea. But when it's crunch time and budgets are being slashed everywhere, not all shipping companies may diligently keep to the targets
      463 words
    • TRANSPORT STOCKS
      • 107 23 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd.. Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.32 0.19 1.10 unch 0.96 0.41
        107 words
      • 38 23 '000 nt'G Logistics MISC Bhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings unch 8.65 8.60 3.40 2.92 unch 0.11 unch 0.10 -0.05 0.10 unch unch unch 0 307 163 1518 340 0 231
        38 words
      • 12 23 '00 ■recious Ship Jegional Cont 12.70 ...6.65 0.30 ***** 0.10 3541
        12 words
      • 12 23 '000 1PL joil ungamas Cont 23.45 0.53 -0.60 208( 0.02 *****
        12 words
      • 22 23 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 13.25 unch unch -0.10 0.25 unch unch 41! 103! i i
        22 words
      • 21 23 Evergreen Marine ....17.75 :irst Steamship 42.00 /Van Hai Lines 15.15 fang Ming Marine ..12.10 -0.65 -1.25 -0.25 -0.25 1( 2!
        21 words
      • 42 23 '000 (awasaki Hvy Ind ..222.00 unch ***** (awasaki Kisen 425.00 2.00 8147 Mitsubishi Hvy 329.00 4.00 ***** vlitsui Eng&Sbldg ..206.00 unch 5626 vlitsui Osk Lines 642.00 18.00 ***** Nippon Express 348.00 2.00 3694 Nippon Yusen 465.00 5.00 8001 iource: Thomson Reuters
        42 words
    • 238 23  -  VINCENT WEE By HIGH-LEVEL relations between the Chinese and Singaporean maritime administrations are being reinforced by a visit from a top Chinese official. China's director-general of the Department of International Cooperation at the Ministry of Transport, Ju Chengzhi, yesterday began a five-day visit to Singapore as
      238 words
    • 689 23 AFP [NAIROBI] Nato warships foiled a pirate attack on a Norwegian tanker, catching up with the would-be hijackers on Sunday after a seven-hour pursuit. The dramatic overnight chase in the Gulf of Aden came after seven pirates on a skiff tried to board the
      AFP; 11l _J AFP  -  689 words
    • 508 23 Bloomberg [LONDON] The cost of delivering Middle East crude to Asia, the world's busiest route for supertankers, may climb for a fourth session in London as some owners reject unprofitable cargoes following a collapse in rental income. The average daily
      – Bloomberg  -  508 words
  • Page 23 Advertisements
    • 197 23 Organised by: 563. Sealrade Sr fIF -77 Jk CEOs, shipping executives and professionals from over 50 countries gather under one roof at 4 I tSte Xlovd'S *M» SEAASIA2OO9! M^ DfIBNOR 7©PsjirV Kfigfefer JHURAYaHI Showcase of Asian and international brands as well as new technologies and products in an expanded lfcHtoHinm^cn
      197 words

  • EDITORIAL & OPINION
    • 490 24 SOMETIME earlier this year, Bank Negara Malaysia, the country's central bank, summoned bank officials from every institution in the country to its offices and subjected each one to rigorous stress testing. The upshot was that some banks including Maybank, Public Bank and EON Capital have
      490 words
    • 1318 24  -  ARIANA EUNJUNG CHA Group seeks to create public understanding of implications of Beijing's current policies By ZUO Dapei took the microphone and declared that China's leaders were going in the wrong direction. The country had become too capitalist. Things would improve,
      REUTERS  -  1,318 words
    • 715 24  -  SHADA ISLAM THE BOTTOM LINE HERE we go again: The debate over Turkey's planned membership of the European Union just keeps getting louder and more and more acrimonious. Now with the US also involved, Europe's self-inflicted "dilemma" over Turkey has also become a sore
      715 words
    • 1008 25  -  SHYAM R MAMIDI It's essential to have smarter and more flexible systems that can respond to today's volatile and complex marketplace By IT'S the middle of the night and you get the dreaded call that your supplier had to shut down the
      IBM Global Chief Supply Chain Officer Study  -  1,008 words
    • 565 25  -  CHARLES MOORE By CRISES take many forms: the death of a colleague, natural disasters, major product safety issues, the loss of a major client the list is endless. A crisis can determine a company's long-term viability and, in the short term, can have a
      565 words
    • 501 25  -  Juthika Ramanathan LETTER TO THE EDITOR I REFER to the letter "Issue of practising accountants as independent directors" (BT, April 16) by Mak Yuen Teen. Practising accountants are often invited to sit on boards of listed companies and especially on audit
      501 words


  • SINGAPORE STOCKS
    • 8627 26 Transaction date: Apr 20 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 8.5 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 17.5 5.5 1938 AEI Corp 9.5 1 1100 AEM 23.5 7 2101 APOil 80.5 26.5 5550 ARA 8.5
      8,627 words
    • 1654 27 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 20 5 1181 s AAGrp 32 13 8538 t APStrategic 4 0.5 1501 s Advanced System 14 2 3480 t Adventus 28.5 8.5 3518 s Afor 19 2 1524 t Alantac 19.5 3.5 7814 s
      1,654 words
    • 340 27 _Hm Low Code Conn Sale COM) _Hm Low Seller C'vr P/E M 108 100 6389 ABFSG Bond ETF 108 982 427 CIMBAsean40 100US$ US546cd 195 149 DBS STI ETF 100 189 -1 2288 1682 DBXT FTChina25 10US$ US2288 unch 3232 3228 DBXT FTVietnam 10US$ US3232 1104 850 DBXTMSTaiwan
      340 words
    • 259 27 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
      259 words
    • 9329 27 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.611/ AIGIF Spore Bond Fund/A 1.218/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.81/ APS Alpha Fund (USD)!** 0.54/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5049/ APS Komaba Global
      9,329 words
  • Page 26 Advertisements
    • 32 26 /I\JUEjIUI\I\OIL\J\JLI fKSSIft MSB THE BIRTH 0F A GREAT DATE Le maitre de I'horlogerie depuis 1875 I jp-^^j^BV^^ Ir^mfllHl EDWARD PIGUET COLLECTION ll V \ll fJPffW For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com
      32 words


  • FINAKCE & COMMODITIES
    • 381 28 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Apr 17 World Index Preliminary 660.5 0.8 -2.6 0.7 -0.4 0.4 -4.. t EAFE Preliminai 634.6 1.5 -2.2 1.1 -2.5 0.8 -6.. Euro[ Prelim inan
      381 words
    • 188 28 Apr 20 (UBBER Futures (Closing prices) ISS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) Vlay09 164.0 Iun09 161.6 ul 09 \ug 09 iep 09 164.0 _ct09 164.0 163.0 161.5 164.0 161.5 163.0 162.0 162.0 162.0 161.5 161.5 54 45 10 30 648 875
      188 words
    • 447 28 Apr 20 Iuro ren Ion •eso Earn ■ouni wstralia 0.870 4.873 0.549 5.527 35.661 76.553 0.707 9.522 2.588 1.263 57.451 34.303 1.075 6.437 0.833 24.122 25.360 0.488 0.713 Canada 1.149 5.599 0.631 6.350 40.969 87.948 0.812 10.940 2.973 1.451 66.003 39.408 1.235 7.396 0.957 27.713 29.134 0.560
      447 words
    • 89 28 Apr 20 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****N 23.07.09 1-Year BY*****V 02.11.09 0.26 0.37 0.27 0.21 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NY*****A
      89 words
    • 129 28 Apr 20 Hong Kong .ondon 869.00 870.30 870.00 871.30 Apr 17 Apr 16 867.60 878.65 868.60 880.15 Source: Thomson Reuters CAST BAR (S$) Apr 20 Buying Sellim Kilobar "45,466.44" ***** PAMP GOLD BARS (S$) Selling Buying gm jgm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 101.65 288.9 516.81
      129 words
    • 68 28 Apr 17 i\i. nn nai nun., yy.i (US$/tonne) Close Previous in :ash 1449.50 1445.75 months 1486.00 1482.00 Copper, Grade A (US$/tonne) ;ash months 4816.50 4805.00 4725.0I 4729.0I .ead (US$/tonne) :ash 1569.00 months 1555.00 1509.01 1504.01 lickel (US$/tonne) ]ash I months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) iash months
      68 words
    • 76 28 Apr 17 (£/tonne) Close Prev Hii ih/Low May 09 1760 1716 1761/1707 Jul 09 1721 1685 1724/1674 Sep 09 1710 1678 1711/1670 Dec 09 1704 1676 1705/1666 COFFEE (USS/tonne) Close Pev High/Low May 09 1493 1502 1513/1480 Jul 09 1480 1488 1500/1466 Sep 09 1483 1494 1493/1474 SUGAR (US
      76 words
    • 65 28 Apr 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low May 09 2572 Jun 09 2487 Jul 09 2420 Aug 09 2356 Total o/p: ***** contracts 2611 2642 2560 2528 2561 2451 2446 2501 2393 2395 2445 2344
      65 words
    • 24 28 Apr 20 ten H_ Sett STI IIMSCI 230.5 230.5 224.1 "aiwan A| 212.7 215.0 213.0 Source: MF Global (S) Pte. Ltd
      24 words
    • 22 28 Apr 20 S$ Bid Offer 1-month 1.5064 1.5079 2-months 1.5062 1.5078 3-months 1.5060 1.5076 6-months 1.5055 1.5073 Source: OCBC
      22 words
    • 129 28 As at 9am Apr 20 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0730 1.1060 .an dollar 1.2320 1.2470 Euro 1.9480 1.9710 NZ dollar 0.8470 0.8660 iterlini ind 2.2130 2.2371 US dollar 1.4980 1.5150 Local dollars to 100 units of foreign
      129 words
    • 173 28 Apr 20 Offer Overnight 1-month 2-months 3-months Overnight mode: 1/8 US$ 1/16 7/16 9/16 11/16 Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.40 0.60 1.00 1.35 1.80 2.05 2.23 Offer 0.30 0.50 0.80 1.05
      173 words
    • 153 28 Apr 20 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: 1.0754 0.7131 0.7132 Australian dollar 1.0742 Canadian dollar 1.2340 1.2355 0.8192 0.8194 Euro 1.9568 1.9589 1.2990 1.2992 NZ dollar 0.8498 0.8518 0.5641 0.5649 Sterlini ind 2.2028 2.2055 1.4623 1.4627 US dollar 1.5064 1.5078
      153 words
    • 105 28 Apr 17\ SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 09 1051.00 1058.50 1073.00 1048.00 Jul 09 1041.50 1050.50 1064.50 1038.25 Aug 09 1013.00 1021.50 1036.00 1010.00 Sep 09 971.00 982.00 989.75 971.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 36.77 36.75 37.30
      105 words
    • 77 28 CRUDE OIL PRODUCTS Apr 17 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 53.35 0.12 WTI (Near Mth) 50.24 0.25 Dubai (1-Mth F) 51.01 -0.31 Tapis blend 54.10 -0.90 Minas 53.80 -0.80 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.95 61.05 -1.50 -1.30 USS/barrel Opec Oil
      77 words
    • 69 28 Apr 20 mth 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** iWAP Offer rates (S$) mth 0.***** mths 0.***** mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.*****
      69 words
    • 300 28 Apr 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun09 Sep09 Dec09 MarlO 98.9300 98.8650 98.6400 98.5100 5758 2005 2402 2088 EUROYEN TIBOR FUTURES Jun09 99.445 99.445 Sep09 99.480 99.485 Dec09 99.480 99.480 MarlO 99.420 99.425 Jun10 Sep10 DedO Mar11 99.445 99.480 99.470 99.420 99.445 99.480
      300 words
    • 2229 28 BONDA, WARRANTS EXTENDED SETTLEMENT rei Zode Com| Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >am >058 AdvanceModulesGrpW*****3 >036 Advance SCT Ltd W***** <> 5092 Asia Environment W0908M 1481 #Asia Water Tech Ltd W1n1»;ii 3816 #Asiasons Capital LtdW09ii9iM S756 #AsiaticGrp(H)LtdW10ii')iM 4105 #AsiatravelW*****7 SAustonlntl W*****3..
      2,229 words
  • Page 28 Advertisements
    • 242 28 isi i mill C/\AW^V\Cq \Y *^J Let GFT introduce you to the world of spot forex. Your place or ours, we're here to show you the benefits of this exciting market. L.M.TLESS PERSONAL.SED POWERFUL tO hel P" FLEXIBILITY SERVICE FEATURES Call now or visit www.GFTasia.com for more -Desktop, mobiles web
      242 words

  • Page 29 Advertisements
    • 2150 29 m The Business Times Shipping Times ■^USESheS^^H^^^9l 11 Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE HIMIWI CotllVfflOll Destination Destination uVvIV Will-111 I Hi! V STXPOTBN RTM/ANR/TIL STXPOTBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia idlllvlli I lIV OA Oil I™ O UdjJW Ull IjJ-MIDDLE-EAST SERVICE
      2,150 words

  • Page 30 Advertisements
    • 5256 30 F^*V In t EASTERN CAR LINER, LTD I |^^^DXDQ!^| IV—_!__L—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B]Jllj|jmjl|j|mA|fl SS |WBSs3EESffli^^^^^M^ VOY I RomKKT) I Lilli.q<KT) IPX I MUA I SIN I PKL I )KT I SUR I VOT tTA tTD DtSTiHi PCL/PHL SERVICE AAAX SERV!CE Connecting CL Svcviq MALTA
      5,256 words

  • PROPERTY
    • 1378 31 Bloomberg Mortgage businesses working hard to keep lines of communication open with its customers [NEW YORK] Gabrielle Sindorf has been trying to lower the 9.95 per cent mortgage rate on her US$5OO,OOO home in Croton-on-Hudson, New York, since her husband died in December.
      .- Bloomberg; REUTERS r  -  1,378 words
    • 442 32 Reuters It is now not among Europe's top three most expensive office locations [LONDON] The City of London has been knocked out of Europe's top three most expensive office locations by Geneva and Paris, research by property consultants NB Real Estate and ONCOR
      – Reuters; AP  -  442 words
    • 558 32 i.-AP [NEW YORK] Construction of several office towers at the World Trade Center site could be put off for decades because of the failing real estate market, the site's owners said on Thursday. An analysis projected that one skyscraper might not be
      i.-AP  -  558 words
    • 154 32 Reuters [ABU DHABI] Aldar Properties the largest real estate developer in Abu Dhabi, is launching a 9.4 billion UAE dirhams (553.85 billion) mid-income housing project and the government signalled more could follow. The Al Falah project will be fully funded by the Abu Dhabi
      – Reuters  -  154 words
    • 465 32 Reuters [SHANGHAI/HONG KONG] CITIC Capital Holdings Ltd, an investment arm of China's largest financial conglomerate CITIC Group, is in advanced talks with Australian bank Macquarie to acquire a top-end Shanghai property, two people familiar with the situation said yesterday. CITIC Capital's real
      Reuters  -  465 words
    • 312 32  -  ZHANG Yl TING This takes total sales since the official launch to 170 units By CITY Developments Ltd (CDL) sold 20 units at The Arte at Thomson over the weekend. This takes total sales since the property's official launch to 170 units,
      312 words
    • 341 32 Bloomberg [DUBAI] Dubai house prices have fallen as much as 42 per cent in the past six months and are likely to drop further as new homes are completed amid waning demand in the Persian Gulf business hub, Colliers CRE pic
      Bloomberg; 5 REUTERS  -  341 words
  • Page 31 Advertisements
    • 258 31 WE WANT TO BUY W^MIfftIMI^MMKHKK^ LOOKING FOR RARE HILLTOP GCB 1 I U WAREHOUSE UM| SWETTENHAM ROAD I \m H Newly completed itH? Ik iflw Jlirong WOOdlandS X »2-storey conserved house with modern wing W Area Large entertainment area with 7 spacious bedrooms Land size: 16,300 sqft (approx.) J^L -a
      258 words

  • Page 32 Advertisements
    • 89 32 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word "Zap" sms ***** (Post-paid subscribers) or 9741 9401 (Pre-paid subscribers) b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software
      89 words
    • 25 32 SCORE CARD Keep your investors informed by advertising II your financial results in our newspapers. II Call 1800 289 8822 or email notices@sph.com.sg. Kfll Bill
      25 words