The Business Times, 6 June 2009

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Microfilm: NL30043
Total Pages: 43
1 43 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES JUNE 6-7, 2009 Ssl.oo I Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION I MICA(P) 198/08/2008 www.businesstimes.com.sg
    19 words
  • Article, Illustration
    Lock icon Welcome to the Hotels Chameleon
    617 1  -  Nisha Ramchandani Pastry chefs become doormen and GM pours tea as industry turns to multi-tasking during crunch By nishar@sph.com.sg Singapore ONE would expect to find a pastry chef in the kitchen, putting the finishing touches to his culinary creations. But of late, Edwin Yik has
    617 words
  • Article
    Lock icon US jobless rate at 25-yr high but layoffs casing
    334 1 AP LATEST US DATA Washington WITH companies in no mood to hire, the US unemployment rate jumped to 9.4 per cent last month, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs,
    AP  -  334 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      162 1 W DINING V^f RAFFLES CONVERSATION PERSPECTIVE F Organic ROLAND PIRMEZ, CEO OF Debunking China l| agriculture L 2-3 VJ- ASIA PACIFIC BREWERIES 6-7 myths 24-25 CHASING FERRARI Five in running for dealership FIVE parties, including current importer Hong Seh Motors, are vying for the local Ferrari franchise a large number
      162 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 1,075.50 +11.53 NIKKEI 225 9,768.01 +99.05 HANG SENG 18,679.53 +176.76 SET 604.57 +10.97 JAKARTA 2,078.93 +46.22 MANILA 2,528.68 +34.44 KOSPI 1,394.71 +16.57 SHENZHEN B 464.25 +7.26 MUMBAI IND 15,103.55 12.00am EDT +94.87 Chanpe 12.00am EDT DOW 8,797.10 Change +46.86 NASDAQ 1,851.57 +1.55
        45 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.471 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 050 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        42 2 us$ 'S$ »er US$; 1.445 ;us$/s$ lertf 1.604 2.318 EURO. ;US$; 1.419 2.050 YEN 96.80 67.00 RM 3.494 2.418 HK$ 7.751 5.365 BAHT 34.17 23.65 RUPIAH 9,950 6,887 RENMINBI 6.834 4.730 INDIAN RUPEE 47.07 32.58 A$ 1.240 0.858 NZ$ 1.566 1.084
        42 words
    • Article
      Lock icon 5 in the running for Ferrari dealership
      642 2  -  Samuel Ec They include Ong Beng Seng, incumbent Hong Seh and other sports-car dealers Singapore FIVE parties, including current importer Hong Seh Motors, are vying for the local Ferrari franchise a disproportionately large number considering the small size of the Singapore market. A
      642 words
    • Article
      Lock icon FDIC targeting Citi leadership shake-up
      217 2 Reuters Bangalore THE Federal Deposit Insurance Corp is aiming at a shake-up of Citigroup Inc's top management, including replacing chief executive Vikram Pandit, The Wall Street Journal said, citing people familiar with the matter. US officials have reached out to former US Bancorp chief executive
      Reuters  -  217 words
    • Article
      Lock icon Partner roped in to end campus rumpus
      548 3  -  Joyce Hooi Canadian school to resume construction after admitting that crunch hit plans By joyceh@sph.com.sg Singapore THE Canadian International School (CIS) has revealed that it has signed a confidential memorandum of understanding with an unnamed partner which will enable it to continue work
      548 words
    • Article, Illustration
      Lock icon Rio rejects Chinalco for BHP Billiton
      539 3 Reuters London ANGLO-AUSTRALIAN miner Rio Tinto spurned US$l9.5 billion of funding from China yesterday in favour of a cost-saving iron ore joint venture with rival BHP Billiton and a share sale to slash its debts. The deal with Chinese metals group Chinalco was put
      Reuters; AFP  -  539 words
    • Article, Illustration
      Lock icon Ascendas marks completion of first building at Hangzhou project
      420 4  -  Chuang Peck Ming The 43ha project is Singapore company's first integrated park development in Hangzhou By peckming@sph.com.sg Hangzhou, China PRIME Minister Lee Hsien Loong yesterday joined Ascendas to celebrate the completion of the first building of the Singaporebased company's $700 million
      VINCENT WOO FOOK LEONG/LIANHE ZAOBAO  -  420 words
    • Article
      Lock icon Ex-Countrywide CEO Mozilo charged with civil fraud
      713 4 AP Washington US FEDERAL regulators on Thursday charged Angelo Mozilo, the former chief executive of fallen mortgage lender Countrywide Financial Corp, with civil fraud and illegal insider trading in a prominent case arising from the financial meltdown. The Securities and Exchange Commission (SEC)
      AP  -  713 words
    • Article, Illustration
      Lock icon MV Agusta: The Sound And The Fury
      747 5  -  Joyce Hooi The Italian brand makes sportbikes for riders with nerves of steel Reports by joyceh@sph.com.sg Singapore IN northern Italy, a burly man sits astride the fastest production bike in the world. He's revving the engine, flirting with the limits of the powerful
      747 words
    • Article
      Lock icon Ride on the wild side with these superbikes
      190 5 LOCAL bikers who want a piece of the adrenaline action will be able to get their mesh gloves around the throttles of the Brutale 1078RR and the F4 1078RR 312 through local dealership, Hong Seh Superbikes. More niche than a Ducati and
      190 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      58 2 NEWS LIVING Top Stories 2-5 Dining L 2-5 Raffles Conversation 6,7 Shopping L 6,7 Week In Review 8 Travel L 8,9 Letter From Abroad 16 mß^mmmismKilKSßU World 17,18 Home Garden LIP, 11 Stocks stats 19-23 Sport LI 2 Perspective 24,25 Weekend With Ll3 Wealth 26-31 Golf Ll5 Househunt 30 Beauty
      58 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      22 3 DUCHESS CREST High Yield Ikm to Nanyang Primary 99 years leasehold 3/4/townhouses available Foreigners eligible Full condo facilities 4-bedroom from $1.13 M
      22 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Drinking to good times and bad
      1865 6  -  Emilyn Yap How is Asia Pacific Breweries' new chief executive coping with his move and the downturn? Roland Pirmez shares his views. OLAND Pirmez can brew his own beer he even has a master's degree in brewing to show for it. But these days,
      ARTHUR LEE  -  1,865 words
    • Article
      Lock icon Rattles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK
      • Article
        Lock icon Temasek recoups half of losses in S'pore portfolio
        70 7 THE recent market rally has helped Temasek Holdings recoup close to half the paper losses it incurred in Singapore equities last year. And if the market continues on its current uptrend, the numbers should improve further. Based on estimates by BT, Temasek's
        70 words
      • Article
        Lock icon Temasek to plonk $437m into Olam
        88 7 TEMASEK Holdings is investing $437.5 million in Olam International, the listed commodities supplier said on Monday. Analysts called the Singapore investment company's foray into commodities an expected diversification into a less risky sector. Breedens Investments and Aranda Investments, two wholly owned Temasek subsidiaries, will
        88 words
      • Article
        Lock icon GM files for bankruptcy protection
        86 7 GENERAL Motors filed for bankruptcy protection on Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. Meanwhile, the other ailing American carmaker, Chrys- ler LLC won court approval
        86 words
      • Article
        Lock icon NOL joins Temasek wave with $1.44b rights issue
        96 7 NEPTUNE Orient Lines (NOL) on Tuesday announced plans to raise some $1.44 billion through a rights issue, reversing course from its earlier stance that no such proposal was on the cards. The three-for-four rights issue at $1.30 apiece a 15 per cent
        96 words
      • Article
        Lock icon Productivity falls, outlook stays sombre
        101 7 PRODUCTIVITY in Singapore fell more sharply than real basic wages last year, evoking concern from the National Wages Council (NWC), which has warned of a prolonged recession. The council, issuing its newest wage guidelines for the year beginning July 1, also cautioned the public not
        101 words
      • Article, Illustration
        Lock icon DIFFICULT TIMES
        27 7 Troubled auto giant GM filed for bankruptcy earlier this week as part of the Obama administration's plan to shrink it to a sustainable size AFP
        AFP  -  27 words
      • Article
        Lock icon Govt land sales stay nimble to nurse property recovery
        78 7 THE government on Wednesday announced a land sale programme for the second half of this year that should help nurse the nascent property market recovery. As expected, the Ministry of National Development (MND) has continued its suspension of the confirmed list
        78 words
      • Article
        Lock icon Reality check casts shadow on stocks
        112 7 STOCKS here fell on Thursday after more officials warned of a lengthy slog to recovery in the global economy, prompting concerns among some investors that the recent market rally is in danger of fizzling out. The suggestion of a prolonged downturn ahead could also
        112 words
      • Article
        Lock icon HDB upgraders have their say in muted market
        80 7 THE first quarter of this year saw a major trend reversal. HDB upgraders bought more private homes than those already living in private properties. Fifty-six per cent of caveats for private home purchases in Q1 were lodged by buyers with HDB addresses,
        80 words
  • Page 7 Advertisements
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      165 7 CRYPTIC CROSSWORD 1 English, cold and wet _^J_^J_L I cited for contempt (10) qr i- HH HH H HJ HJ HJ 16 Cable broadcast neat film .".■."■rneli'iv.'i'll.l' m mk j'| H'.'^'lujn [>:■. b.>:l. on during an interval (8) BB BB BB H H BB BB I rid, 14 Wide, 17
      165 words
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      89 7 NEXT WEEK June 8-12, 2009 US DATA June 9 April wholesale inventories April trade balance June TO Crude inventories 06/05 May Treasury Budget PM Fed's Beige Book June TT May retail sales Initial claims 06/06 April business inventories June T2 May export/import prices ex-ag May June Mich sentiment prel SINGAPORE
      89 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon In praise of software
      743 8  -  Frederic Moraillon Software is a beautiful thing. There is beauty in its creation and beauty in its utilisation. It helps define a more homogenous society by keeping it moving while allowing it to be at its most creative FROM THE DESK OF General manager Asia Pacific
      743 words
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  • COMPANIES
    • Article
      Lock icon Jurong Shipyard settles row over rig
      374 9  -  Jamie Lee By leejamie@sph.com.sg Singapore SEMBCORP Marine's subsidiary Jurong Shipyard has settled a dispute over Petroßig I, paving the way for the rig to be sold to the highest bidder. "Jurong Shipyard has settled its disputes with the bondholders Norsk Tillitsman and Petroßig I
      374 words
    • Article, Illustration
      Lock icon Sembcorp expands UAE plant
      345 9  -  Ronnie Lim US$l9O million expansion of its Fujairah complex boosts power capacity by 40% By ronnie@sph.com.sg Singapore SEMBCORP Industries has just completed a US$l9O million expansion of its Fujairah power and desalination complex boosting power capacity there by over 40 per cent from 535 MW to
      345 words
    • Article
      Lock icon Man Wah majority owner seeks delisting
      305 9  -  Joyce Hooi By joyceh@sph.com.sg Singapore AN investment holding company owned by Man Wah Holdings' managing director Wong Man Li and his spouse Hui Wai Hing has offered to take the China-based sofa maker private. The offeror, Alma Limited, is offering an exit price of
      305 words
    • Business briefing
    • Article
      Lock icon CIT aims to divest part of its portfolio
      508 10  -  Uma Shankari CORPORATE FOCUS Deal to buy properly at Tai Seng Avenue is now off, says CEO By CAMBRIDGE Industrial Trust (CIT) could divest 5-10 per cent of its property assets over the next 12-18 months as part of a long-term plan
      508 words
    • Article, Illustration
      Lock icon Alibaba to boost presence in S'pore
      376 10  -  Chuang Peck Ming By peckming@sph.com.sg Hangzhou, China WITH its customer base of small and medium enterprises expanding in South-east Asia, China's largest Inter-net-based company, Alibaba Group, is planning to step up its presence in Singapore. David Wei, chief executive ofAlibaba.com, told Singapore reporters during
      VINCENT WOO/LIANHE ZAOBAO  -  376 words
    • Article, Illustration
      Lock icon STI rises 1.4%, ends the week 2.9% higher
      581 11  -  Conrad Tan STOCKS conradt@sph.com.sg Journalist STOCKS here rebounded yesterday to end the week with solid gains as money flooded into penny stocks while selected blue chips benefited from a broader equity rally in the region. The Straits Times Index (STI) ended 33.61
      581 words
    • Article
      Lock icon TOP 20 ACTIVES
      102 11 :uNetworks 306,090 3.5 1.0 40.( 214,129 0.5 0.0 0.( lade Tech 143,594 5.5 2.0 57.1 82,439 9.5 6.0 171.' kdroit 78,907 3.5 1.0 40.( 76,065 0.5 33. 75,727 4.5 1.0 28.( iunmoon 73,638 0.5 0.0 0.( 3 Hlds ***** 2.5 1.0 66: Solden 64,576 45 -1.0 -2.
      102 words
    • Article
      Lock icon TOP GAINERS
      59 11 CLOSE UP DBXT FTVietnam 10US$ 4934 381.2 5.7 OCBCCai :.93%Pref10 7500 240.0 3.3 GLD 10US$ 9599 151.6 1.1 UOB 1540 46.0 3.1 S I A 1274 42.0 3.4 SIA 200 1272 40.0 3.2 ir China H 10US$ 1424 37.6 1.9 ir India Nifb 10 1427 37.0 2.7 UOB.ES.0906
      59 words
    • Article
      Lock icon TOP LOSERS
      50 11 CLOSEDOWN DBXTS&P Short 10US$ 6664 -89.5 -0.9 STXPO 100 1502 -64.0 -4.1 JMH 2572 -57.8 -1.5 Asia Pac Brew 1168 -42.0 -3.5 Cii .0906 951 -28.0 -2.9 Yanlord.ES.0906 223 -15.0 -6.3 F&N.ES.0906 394 -14.0 -3.4 Cii 959 -12.0 -1.2 Cai iBNPeCW***** 85 -8.5 -9.1 CerebosPac 301 -7.0 -2.3
      50 words
    • Article
      Lock icon STI STOCKS
      102 11 apitaLand 3.850 +0.010 litaMall 1.450 -0.010 :if 'Dev 9.590 -0.120 1.310 -0.010 :osco Corp 1.420 -0.010 IBS Grp 12.780 +0.180 :&N 3.970 -0.020 ientin: SP 0.715 iolden A; ;ri 0.450 -0.010 IK Land 3.300 +0.080 IMH 25.720 -0.400 ISH 14.000 +0.200 lardine C&C 17.600 +0.300 Corp 7.070 -0.010
      102 words
    • Article
      Lock icon NUS issues $250m in bonds
      173 11  -  Oh Boon Ping By huwenbin@sph.com.sg Singapore THE National University of Singapore (NUS) has issued $250 million of notes with a coupon rate of 3.2 per cent to fund working capital needs and capital spending. Due on June 12, 2014, the issue is part of a
      173 words
    • Article
      Lock icon KepLand issue fully taken up
      106 11 Reuters Singapore KEPPEL Land has raised Ss7oB million in a rights share issue after it was fully subscribed, according to a term sheet. Bank of America's Merrill Lynch acted as a lead manager for rights issue, the term sheet said. The company said in late
      Reuters  -  106 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      452 10 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT CMX SOURCING AND FACTORING SERVICES LIMITED (the "Company") NOTICE is hereby given that the Company is in liquidation and that HEPPE HEIKE of Flat A, 23/F Tower I,The Apex Wo Vi Hop Road, Kwai Chung, N.T. Hong Kong has been
      452 words
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  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      38 11 YES HE CAN MAKE YOU LAUGH Tune in to Rod Monteiro the Married Men WEEKDAYS,SPM TO BPM T ,____> ii_i_r* W vl II Br J vl.^l m_\ I I b1 3 Villi cj^_^2___^_______^^_U the station that rocks the NATION!
      38 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon A wish to spend golden years here
      777 12  -  Chen Huifen Most people in survey say they want to grow old in Spore, are satisfied with life and health By xuifen@sph.com.sg GERARD Ec almost emigrated to Vancouver when he was in his late 20s. He was tempted by "distractions" such as owning
      777 words
    • Article
      Lock icon Shorter, more focused GP Season
      496 12  -  Nisha Ramchandani By nishar@sph.com.sg THE Singapore GP Season (Sept 18-27) is set to make a come-back albeit in a shorter incarnation compared with last year's edition in a bid to rev up tourism spending during the 2009 Formula One (Fl) race period. And this year,
      496 words
    • Article, Illustration
      Lock icon BMM Australia gets nod to certify IR equipment
      420 13  -  Arthur Sim Company is first to be granted test lab status by Casino Regulatory Authority By simska@sph.com.sg PREPARATIONS for the opening of Singapore's casinos continue, with the Casino Regulatory Authority (CRA) having granted BMM Australia Singapore Recognised Test Labs (SRTL) status. This
      ARTHUR LEE  -  420 words
    • Article
      Lock icon $15m for new ideas in waste management
      398 13  -  Zeinab Yusuf By zeinabs@sph.com.sg WITH a view to treating "waste" as a resource rather than rubbish, Environment and Water Resources Minister Yaacob Ibrahim launched a $15 million grant programme yesterday. The Environment Technology Research Programme (ETRP) aims to to boost Singapore's technological competency
      398 words
    • Article
      Lock icon 1,400 students to take part in AYG opening ceremony
      224 13  -  Jessica Yeo By yeojess@sph.com.sg THE opening ceremony of the inaugural Asian Youth Games (AYG) will not only be a feast of music and colour but a dazzling showcase of youthful exuberance and Asian cultural diversity. More than 1,400 performers from primary
      224 words
    • Article
      Lock icon Allen & Gledhill regains top spot
      384 13  - Allen Gledhill regains top spot Chew Xiang By xchew@sph.com.sg ALLEN Gledhill regained its crown as the top local law firm at last night's Asian Legal Business SE Asia Law Awards. The Singapore powerhouse won five awards out of 34 categories, sharing first place with Allen Overy. Last year's top dog,
      384 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      394 12 A MATS In the Matter of The Companies Act Cap. SO and b^ j^H In the Matter of SVC ENGINEERING PTE. LTD. (REG.N0.:*****3356H| On Members' Voluntary Liquidation) KlW^/'ltl^l 'JU At an Extraordinary General Meeting of the E£b£A£^b£AA above-named Company duly convened and held at 10 Anson Road, #35-11 International Plaza,
      394 words
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  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Taking contemporary dance forward
      573 14  -  Cheah Ui-Hoon Expect the double bill in this year's Forward Moves platform to challenge your sense of aesthetics. By THE audience heading to see a dance programme generally tends to expect just that where the focus is on movement and choreography. The good thing about contemporary
      573 words
    • Article, Illustration
      Lock icon Journey of discovery through the city
      561 14  -  Amanda De Guzman By amandadg@sph.com.sg THE daily commute to and from work taken by countless Singaporeans is not known to be a particularly exciting experience. Local arts company spell #7 and British art collective Bodies in Flight hope to change that perception with Dream-Work/Dream-Home.
      561 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon Flowering of a desert rose
      837 15  -  Ng Wan Ting LETTER FROM DOHA Engineer Doha North Sewage Treatment Works PARCHED. Sandy. Empty. Yet sometimes the most barren of lands can impart life's richest lessons. I knew that living in Qatar was going to be an extraordinary experience even before I stepped off
      837 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      99 15 CELEBRATING 25 YEARS OF DEFINING GLOBAL LIVING Enjoy P™ C% CC Stand a chance to win A .<-v-- 1 )y2s%off FRFFstavs V; Best Available Rates s>Lciyb < :(<^> from 1 April to 30 September 2009* for 25 years* THE ASCOTT GROUP Celebrating XG3,I*S For bookings or more information, 1^ of
      99 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      15 15 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words
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  • WORLD
    • Article, Illustration
      Lock icon Gordon Brown under pressure as more UK Cabinet ministers quit
      455 16 AP, Reuters His authority has been wounded at a time when Britain is in its deepest recession in 60 years London BRITISH Prime Minister Gordon Brown is defying calls from some in his own party to resign, saying he will
      AP, Reuters  -  455 words
    • Article
      Lock icon S&P retains Malaysia's stable outlook
      469 16  -  Pauline Ng Country's credit rating constrained by its weaker fiscal position compared with peers By btworld@sph.com.sg Kuala Lumpur STANDARD Poor's Rating Services (S&P) has maintained its "stable" outlook on Malaysia's sovereign ratings and affirmed the country's foreign currency rating at A-/A-2, based on its reasonably
      469 words
    • Article
      Lock icon Berne will act carefully on ÜBS investment: minister
      169 16 Reuters Zurich THE Swiss government will act with caution when deciding what to do with its investment in troubled bank ÜBS after a lockup period ends on June 9, the finance minister was quoted as saying yesterday. Finance Minister Hans-Ru-dolf Merz said
      Reuters  -  169 words
    • Briefing
      • Article
        Lock icon EL Nino could develop within weeks: US
        91 16 Reuters Singapore THE El Nino weather pattern, which can bring global weather chaos such as droughts and floods, could develop within weeks, the Climate Prediction Center in the United States said. El Nino is driven by an abnormal warming of the eastern Pacific
        Reuters  -  91 words
      • Article
        Lock icon Intel to buy Wind River Systems for US$884m Santa Clara, California
        109 16 AP INTEL Corp said on Thursday it will buy software maker Wind River Systems Inc for US$BB4 million in an all-cash deal that will help the world's largest computer chip maker expand beyond the PC market. Intel said the
        AP  -  109 words
      • Article
        Lock icon Bank of America ousts chief risk officer
        115 16 Reuters New York BANK of America Corp is forcing out chief risk officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and an order by regulators to raise U5533.9 billion of capital. The largest US bank named
        Reuters  -  115 words
      • Article
        Lock icon M'sia Islamic opposition opens to non-Muslims
        97 16 AP Kuala Lumpur MALAYSIA'S Islamic opposition party promised to let non-Muslims become full-fledged members as part of efforts to win over minorities who are suspicious of the party's hardline policies. The president of the Pan-Malaysian Islamic Party, Abdul Hadi Awang, said the party plans
        AP  -  97 words
    • Article, Illustration
      Lock icon China to invest USssob in IMF bonds
      531 17 Reuters Bonds will form part of the USssoob that the IMF is seeking to raise to help it support countries through downturn St Petersburg CHINA will invest up to US$5O billion in new International Monetary Fund bonds, the IMF's first deputy director general
      Reuters  -  531 words
    • Article
      Lock icon 10 US banks turning to preferred stock
      306 17 Bloomberg They plan to convert them to common stock for 22% of stress-test capital targets New York TEN US lenders, including Bank of America, facing a Monday deadline to explain their capi-tal-raising plans to regulators, are relying on preferred-stock conversions for 22 per
      Bloomberg  -  306 words
    • Article, Illustration
      Lock icon Poster boy of unchecked property lending
      426 17 Reuters Los Angeles IN two years, Angelo Mozilo, the son of a Bronx butcher and a rags-to-riches icon, went from the charismatic helmsman of America's top mortgage lender to the badly burned face of the nation's housing meltdown. Known for a rich tan, flamboyant
      Reuters; REUTERS  -  426 words
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  • SGX
    • Article
      Lock icon Transaction date: Jun 5
      8953 18 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld Net C'vr P/E M Cap $mil I 3 3148 8Telecom 0 2.5 5834 A-Sonic 10.5 12 5000 ABR Hldgs _5 5.5 1938 AEI Corp \S 1 1100
      8,953 words
    • Article
      Lock icon SGX CATALIST
      1712 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,712 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      51 21 MAIN Up Down Unch 7 8 2 SDQ Up Down Unch 0 0 0 TOTAL Up Down Unch 7 8 2 lulti Ind lanui FactuTTFTi .ommerce -inance .onst ruction jerties Totel Sts" >ervices led >as/ ler ;ure larr Active counters with no volume for today are not
      51 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      38 21 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 25,331 25,331 51,070 51,070 lanui Facturinj .ommerce -inance Jpoj >erties tote I ists >ervices led 'ater Mini >uarr Sing foreign stocks. Value calculated using Monday's exchange rates.
      38 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      824 21 For week beginning Jun 1 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares *000 Price Per Shr$ SHAREHOLDING Before After (*000) (*000)
      824 words
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 22 YTD change: +36.04% 52-week high: 3,184.93 on June 6,2008 52-week low: 1,455.47 on March 10,2008 Source: Bloomberg
        : Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 22 YTD change:+29.B3% 52-week high: 24,524.50 on June 6,2008 52-week low: 10,676.20 on Oct 27,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 22 YTD change:-0.298% 52-week high: 12,610.90 on June 5,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        : Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        366 22 In local curr In S$ In US? dy yr dy yr dy yr Index Change Change Change Change Change Change JunA World Index Preliminai 710.8 0.2 4.9 0.3 7.2 0.0 6.8 EAFE Preliminai 677.8 -0.2 4.4 -0.4 7.8 -0.7 7.. Euroi Preliminai 932.9 0.2 2.3
        366 words
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        Lock icon Shanghai Stock Exchange Composite
        20 22 YTD change:+sl.2s% 52-week high: 3,376.34 on Jun 5,2008 52-week low: 1,664.92 on Oct 28,2008 Source:! Bloomberg
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      • Article, Illustration
        Lock icon Nikkei 225
        18 22 YTD change:+lo.2s% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Source:! Bloomberg
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        148 22 Juns\ Again! :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.1644 Offer Against Bid Offer 1.1662 0.8063 0.8068 :anadian dollar 1.3096 1.3115 0.9069 0.9073 Euro 2.0486 2.0516 1.4186 1.4193 NZ dollar 0.9221 0.9237 0.6385 0.6390 jterlini 2.3163 2.3192 1.6040 1.6044 US dollar 1.4441 1.4455
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      • Article
        Lock icon LIFFE
        70 22 Jun4\ 1 (£/tonne; Close I Prev Hii now lul 09 1751 1747 1759/1701 5epO9 1754 1746 1757/1700 )ecO9 1744 1740 1752/1693 1738 1734 1745/1688 :OFFEE (US$/tonne) Close Pev High/Low lul 09 1543 1535 1544/1525 5epO9 1555 1548 1555/1539 >Jov09 1566 1559 1565/1551 SUGAR (US tonne) White Close Prey High/Low
        70 words
      • Article
        Lock icon CHICAGO BOT
        88 22 Jun SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Jul 09 1230.*****2.*****2.*****7.00 Aug 09 1178.*****7.*****0.*****2.25 Sep 09 1115.*****9.*****0.*****0.00 Nov 09 1081.*****7.*****2.*****0.25 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Jul 09 40.34 39.25 40.37 38.85 AugO9 40.50 39.42 40.50 39.04 SepO9 40.68 39.59 40.68 39.25 Oct09 40.86
        88 words
      • Article
        Lock icon OIL
        74 22 Jun4\ ISS/barrel (FOB origin) Close Chang) Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 68.33 1.83 68.83 2.71 66.55 -0.30 70.60 -0.30 69.60 -0.50 •RODUCT ISS/barrel (FOB S pore) Close Change \l aphtha let Kerosene 62.22 -1.31 73.60 -1.51 JSS/barrel )pec Oil Basket Price
        74 words
      • Article
        Lock icon METALS
        70 22 Jun 5\ GOLD (US$/oz) Jun 04 Jun 05 Hong Kong 965.90 975.10 966.90 976.10 Jun 03 Jun 04 London 976.60 977.10 977.60 978.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 22.99 22.76 Source: UOB PLATINUM Lon (US$/oz) Jun 04 Close Previous PM Fix 1250.*****7.00 AM Fix 1250.*****7.00
        70 words
      • Article
        Lock icon PALM OIL
        61 22 Jun 5\ lelivery fonth Opening Range Sett Price Av Price Low Vol Done Open Position Hit lun 09 2616 lul 09 2616 Mjg 09 2602 iep 09 2597 Total o/p: ***** contracts 2590 2619 2590 2526 2620 2526 2520 2611 2520 2525 2601 2525 Turnover: ***** Market tone:
        61 words
      • Article
        Lock icon LONDON METALS
        67 22 Jun4\ Uumlnlum, 99.7? mrity (US$/tonne' Close Previous :ash months lopper, Grade A 1532.50 1564.50 1449.50 1484.00 ;us$/tonne) lash J months ■ead (US$/tonne; 5005.75 5025.00 4902.00 4920.00 :ash 1 months 1645.50 1666.00 1589.50 1610.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash 1 months
        67 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Debunking China myths
      2066 23  -  Erin Meyer Elisabeth Shen Old myths co-exist with new realities, and unravelling the two presents a major challenge to Westerners. CHINA may be the world's focal point of business, but the country remains an impenetrable mystery to most Western executives. It goes without saying is different. The
      2,066 words
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  • Wealth
    • Article, Illustration
      Lock icon The future of investing
      1164 24  -  Christian Baha A basic trading technique called trend following may deliver consistent positive performance over time. By -IAM often asked both by the media and investors, "When will the markets recover?" and "whether this will be like the 1929 stock market crash". We are all fascinated
      STOCK.XCHNG  -  1,164 words
    • WEALTH INVESTING
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        Lock icon BROKERS' take
        739 24  -  Conrad Tan United Overseas Bank Outperform CIMB-GK Research June 5 Close: $15.40 STILL our preferred stock, despite outperformance. Although UOB has been outperforming the Straits Times Index since our upgrade in mid-April, we continue to prefer it to its peers. We believe there could be upside surprises to
        739 words
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        Lock icon It pays to stay invested
        822 25  -  Lim Meng Tat WEALTH INSIGHTS When market recovers, emotional investors will be left with a portfolio of defensive assets and a truckload of regret Director Russel Investments Asia "^W~ T h ALL know equity markets rise and fall. However, the recent market correction has worn
        :Russel Investments  -  822 words
      • Article, Illustration
        Lock icon The many issues of rights issues
        953 26  -  Teh Hooi Ling SHOW ME THE MONEY During bear periods, they face different market reactions and possible abuses by controlling shareholders hooiling@sph.com.sg Senior correspondent COMPANIES worldwide are frantically raising cash to fill their coffers in preparation for a potentially long dry spell in the
        Thomson Reuters  -  953 words
    • WEALTH REAL ESTATE
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        Lock icon UK home prices rise at fastest rate since '02
        474 28 Reuters But mortgage lender warns market conditions still tough London BRITISH house prices unexpectedly rose at their fastest monthly rate in &I 2 years last month, the Halifax house price survey showed on Thursday, but the mortgage lender cautioned market conditions
        Reuters; AP  -  474 words
      • Article
        Lock icon No need to rush back onto housing ladder
        424 28  -  George Hay BREAKING VIEWS By LONDON'S housing market has always seemed different. An oversupply of affluent buyers and an undersupply of good houses have always kept prices here higher than elsewhere in the UK. But that does not mean that London can
        424 words
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  • Page 27 Advertisements
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      708 27 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 3 CasaMerah Apt 12/05/2009 99 1227 748 610 NON LANDED Eastwood Green Apt 11/05/2009 99 1173 638 544 CtlGreenCdo Apt 12/05/2009 99 1292
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  • Article, Illustration
    Lock icon Satisfy Your Natural Curiosity
    777 29 Special Feature Ujj YTL Hotels Luxury Destination Series Since the world has pursued humdrum homogeneity above all things for decades, it was about time that diversity got its day in the sun. So, for travellers weary of the all-tropical-resorts-look-alike model a kind of'rattan-blur' there's a simple
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  • Page 29 Advertisements
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      56 29 Contact your travel agent or YTL Travel Centre at (001) 800 9899 9999 (overseas toll-free number) or email: travelcentre@ytlhotels.com.my for more details. YTL Hotels is the hospitality arm of one of g Malaysia's most dynamic conglomerates, ■JESUS YTL Corporation Berhad. The company owns and manages a stellar collection of internationally
      56 words
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  • Page 30 Miscellaneous
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Natural growth
        1227 31  -  Audrey Phoon It's been 10 years since organic agriculture caught on in Singapore, and farms along with top-end hotels and recently restaurants have been conscientiously growing the movement here. Now for consumers to catch up. By ACK in 1999, farmer Chai Man Kun didn't have a clue as
        1,227 words
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        Lock icon Straight from the source
        425 31  -  Audrey Phoon Quanfa Organic 35 Murai Farmway S 6793-7693 ONE of the largest organic farms in Singapore at six hectares, Quanfa cultivates about 40 types of fruits and vegetables using its own all-natural, vegeta-tion-based compost system derived from a Japanese technique. All crops are harvested and
        425 words
      • Article, Illustration
        Lock icon Kitchen sessions
        1587 32  -  Jaime Ec Ever wished you could have the undivided attention of the chef? Get up close and personal to chefs like Sam Leong and Eric Teo as they re-define the chefs table dining concept. By Sam Leong My Humble House 8 Raffles Aye, #02-27 Esplanade Mall S3 6423-1881
        1,587 words
    • SHOPPING
      • Article, Illustration
        Lock icon RECESSION WARES
        1138 33  -  Melissa Lwee Looking to scale down on your budget for fashion wares? Here are some tips on how to spend smart and look great By CALING down on your expenditure doesn't mean you have to compromise in the glamour department. Singa- pore's top beauty and V style experts
        1,138 words
    • TRAVEL
      • Article, Illustration
        Lock icon Southern exposure
        1227 34  -  Joyce Koh Avenue 9 de Julio (right) is said to be the widest street in the world with 12 lanes measuring a total of 110 metres. It takes two or three traffic lights to cross it. From the chunks of meat on the tables to the tanned hunks
        JOYCE KOH; AP; BLOOMBERG; FILE PHOTO  -  1,227 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon The changing face or Singapore
        1277 35  -  Arthur Sim design Architecture here has evolved at a remarkable pace. BT Weekend takes a look at the works of some of our best-known architects. By ARCHITECTURE in Singapore has evolved at a remarkable pace. It was not too long ago that buildings here, especially
        ALBERT LIM  -  1,277 words
    • SPORT
      • Article, Illustration
        Lock icon There is no better time than now for Federer
        618 36  -  Lee U-Wen no holds hatred With arch-nemesis Rafael Nadal as well as Novak Djokovic and Andy Murray eliminated from the competition, the stage is set for him to win the French Open leeuwen@sph.com.sg Journalist FOR the past week, everyone has been
        AFP  -  618 words
      • Article
        Lock icon Liverpool firm hit by £42.6m loss
        462 36 Bloomberg London LIVERPOOL Football Club's parent company had a full-year loss of £42.6 million (Ss99 million) because of interest payments on loans taken out by American co-owners George Gillett and Tom Hicks. Kop Football (Holdings) Ltd's loss in the year ending July 31, 2008
        ■ Bloomberg  -  462 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon A natural progression
        699 37  -  Geoffrey Eu Sim Boon Yang successfully combines his love of nature with architecture. By IB FOUNDING PARTNER, ECO-ID IT'S not exactly the call of the wild, but the outdoors beckons strongly nevertheless to Sim Boon Yang, an architect who finds inspiration as well as perspiration in nature.
        YEN MENG JIIN  -  699 words
    • GOLF
      • Article, Illustration
        Lock icon Buggy malfunction
        1097 39  -  Justine Moss Apart from being detrimental to the social aspect of the game, the übiquitous golf cart has been involved in serious as well as humorous mishaps on the course. By ASIDE from the more conventional hazards to be found on any golf course stretches of water, deep
        1,097 words
    • BEAUTY
      • Article, Illustration
        Lock icon BEST FACE FORWARD
        1792 40  -  Audrey Phoon Melissa Lwee Melissa Lwee What makes Madonna glow? Can volcanic minerals or clay restore your lost youth? BT Weekend checks out the latest beauty treatments and products Intraceuticals Infusion Damai Fifth level, Grand Hyatt Singapore 10 Scotts Road Si 6416-7156 "PUT your hand on my
        AP  -  1,792 words
      • Article
        Lock icon Specially formulated for men
        539 40  -  Christopher Lim The Refinery Clean and Clear Facial Wen Luxe Spa 6 Bukit Pasoh Road *****-2722 WHEN men sign up for a spa package specifically marketed to them, they sometimes have the nagging suspicion that they are merely being peddled repackaged women's products. Yes, male skin
        539 words
    • MOTORING
      • Article, Illustration
        Lock icon Who's the turkey at the grand prix?
        663 41  -  Samuel Ec fl watch With the promise of new players lavishing attention on Jensen Button, it looks like he could be headed for bigger exploits and an even fatter paycheck next year, whether or not he stays with Brawn GP. IT seems a
        AFP, AP  -  663 words
      • Article, Illustration
        Lock icon Renault's coupe de grace
        570 42  -  Samuel Ec The new Laguna five-door hatchback's design is strikingly different. By IN recent years, Renault has been producing mostly practical cars, sometimes even clever and occasionally sporty. But rarely could a modern Renault be called stylish. Until now. The Renault Laguna Coupe is based on
        570 words
      • Article, Illustration
        Lock icon THE NEW LOTUS POSITION
        575 43  -  Samuel Ec The new Evora is a radical departure from the more race-oriented models the British carmaker has been producing.^^^^^^^^^^H T is larger, more luxurious and definitely luscious. With four seats, leather and a hushed interior, the new Lotus Evora appears to be a radical departure
        575 words
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  • Page 32 Advertisements
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      797 32 wineldine with BTWeekend Chatterbox dinner at Peach Blossoms. For reservations, Meritus Mandarin Singapore Please call 5845"1 Level 39, Orchard Wing 333 Orchard Road a 6831-6291/88 Coleman's Cafe Home to the signature Mandarin Chicken Peninsula Excelsior Hotel Rice, Chatterbox is an iconic coffee house 5 Coleman Street, Level 5 a 6416-1132
      797 words
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  • Page 37 Advertisements
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      Lock icon Page 37 Advertisements Column 1
      48 37 This series is brought to you by PARIS H Mil 1 IP pfe. .<*■«***, l|> 1 ft3JAQQI£L2aA3AI£u DORSAL I .^1 A ■FfW RRffiU ITA LIFT EYE I lifting p~-> ]^im#^J ■■■■itBBIIBHBI^nHI EYE BAGS WRINKLES BWHfS3j E3CE THG FUTURG OF YOUR SKIN IS IN YOUR HANDS. YOU'RG WORTH IT TOO.
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  • Page 38 Advertisements
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      Lock icon Page 38 Advertisements Column 1
      342 38 l^l^jZ A 3-Day Event all aboi y fICfIDEMY 0-12 years plus fun and activities y^ 5-7 June DO9^ for the whole family! %£b Suntec Singapore Hall 603 j 11am 9pm The Kidz Academy is a one-stop shop for parents to check out the latest in learning aids and enrichment courses
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