The Business Times, 29 April 2011

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Microfilm: NL31314
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sj5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, April 29,2011
    23 words
  • Article, Illustration
    Lock icon Japan finds its wounds deeper than expected
    624 1  -  Industrial output slid by record levels in March; growth forecast dramatically reduced By ANTHONY ROWLEY in Tokyo IT appears that Japan will have to pay a far higher price for the disasters that struck the country on March 11 than it anticipated. Not
    AFP  -  624 words
  • Article
    Lock icon Brains drain out of M’sia, swallow growth
    619 1  -  1 million M’sians have migrated, led by avalanche of degree-holders By in S JAYASANKARAN in Kuala Lumpur THE World Bank yesterday described Malaysia’s brain drain, the migration of talent across borders, as “intense and elevated”, and said it could hurt its efforts to
    619 words
  • Article
    Lock icon MARKETS DIGEST
    146 1 G ST INDEX 3,184.99 (+2.31) G ST INDEX FUTURES 3,185 (+3) H SIMSCI 376.24 (-0.25) H SIMSCI FUTURES 375.70 (-0.90) FOREX US$ S$ US$ (S$ per US$) 1.226 (US$/S$ per 1.668 2.046 EURO (US$/S$/E) 1.484 1.820 Foreign currency per US$ S$ YEN 81.60 66.60 RM 2.963 2.416 HK$
    146 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      597 2 Japan finds its wounds deeper than expected IT appears that Japan will have to pay a far higher price for the disasters that struck the country on March 11 than it anticipated. Now only will it grow much slower, but it has already seen its industrial output drop
      597 words
    • Article, Illustration
      Lock icon Latest property measures more effective: NUS study
      777 2  -  NUS residential price index flat after Jan, Aug ‘10 compared to earlier measures By KALPANA RASHIWALA [SINGAPORE] A study by NUS’s Institute of Real Estate Studies suggests the two latest rounds of property cooling measures on Aug 30 last year and Jan 13
      Source: NUS Institute of Real Estate Studies, URA  -  777 words
    • Article, Illustration
      Lock icon May Day messages ring tripartism loud
      429 2  -  By TEH SHI NING [SINGAPORE] Leaders of tripartism yesterday reiterated in their annual May Day messages the need for workers, employers and the government to strengthen their partnership to make the economy more productive and innovative. Manpower Minister Gan Kim Yong said that while
      429 words
    • Article
      Lock icon Analyst sees STI dent if PAP margin slides
      329 2  -  By JAMIE LEE [SINGAPORE] Sell first and ask questions later that’s how foreign investors may react to a freak election result, noted a brief report by AmFraser Securities this week. The brokerage expects the benchmark index to slump by as much as
      329 words
    • Article, Illustration
      Lock icon Asia to grow at around 7% for next 2 years: IMF
      629 3  -  Disasters in Japan unlikely to have major adverse impact on region By ANTHONY ROWLEY in Tokyo ECONOMIC growth in Asia will “remain robust” this year and in 2012 with Japan’s triple disasters unlikely to have any major adverse impact
      BLOOMBERG  -  629 words
    • Article, Illustration
      Lock icon Euronext minorities get right to call meetings
      659 3 Reuters [NEW YORK] NYSE Euronext shareholders dealt a blow to management yesterday by approving a proposal that gives minority investors the right to call special shareholder meetings. The board had recommended rejection of the proposal to give holders of at least a 10
      Reuters  -  659 words
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      185 words
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      749 3 t&f World Gourmet Sumrrfll 2011 2RAPRII ft MAY 25 APRIL 8 MAY FINE CUISINE GREAT WINES UNIQUE DINING WORLD GOURMET SUMMIT cifibank Embark on this stimulating and tantalising epicurean adventure as World Gourmet Summit brings you exquisite gourmet creations of the world's leading chefs who join forces with hosting chefs
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  • GENERAL ELECTION 2011
    • Article
      Lock icon Contesting parties make their pitch to voters
      721 4  -  First of two planned GE party political broadcasts carried on TV and radio By LEE U-WEN THE seven political parties contesting the general election (GE) were given the chance to address voters last night in what was the first of two planned party
      721 words
    • Article, Illustration
      Lock icon Hougang, Potong Pasir fight not so tough this time: PM
      550 4  -  He disagrees with the view that ground is not sweet for PAP By CHUANG PECK MING IT will be less of an uphill battle for the ruling People’s Action Party (PAP) in the two opposition bastions of Hougang and Potong
      LIM WUI LIANG/THE STRAITS TIMES  -  550 words
    • Article
      Lock icon SDP plan puts 500,000 jobs at risk: Balakrishnan
      495 4  -  $60b needed is no small change but 20% of GDP By EM1LYN YAP, UMA SHANKARI MINISTER for Community Development, Youth and Sports Vivian Balakrishnan yesterday shot down economic proposals by Singapore Democratic Party (SDP) candidate Tan Jee Say, saying that the $60
      495 words
    • Article
      Lock icon Sell flats to first-time buyers at cost-plus: NSP
      486 4  -  Reports by UMA SHANKARI THE National Solidarity Party (NSP) reiterated its call for cheaper public housing yesterday. NSP secretary-general Goh Meng Seng said that the government could sell the HDB land to build the flats at discounts of 30-50 per cent to
      486 words
    • Article
      Lock icon NSP chief’s brother dies but campaign goes on
      236 4 NATIONAL Solidarity Party (NSP) secretary-general Goh Meng Seng suffered a family tragedy on the first day of the election campaign. His elder brother David Goh Meng Hee, 56, died yesterday morning from a heart attack. At a press conference yesterday, a visibly
      236 words
    • Article
      Lock icon Workers’ Party asks for licence to be co-driver
      544 4  -  Its campaign takes off with rally in Hougang last night Reports by TEH SHI NING THE Workers’ Party kicked off its campaign last night, rallying voters behind its push “towards a First World Parliament”. Each issue raised by the candidates in blue,
      544 words
    • Article
      Lock icon GRC residents’ interests must be heeded: Yeo
      272 4 NATIONAL issues are important, but the interests of the constituency’s residents must not be disregarded, Foreign Minister George Yeo said yesterday. He leads the People’s Action Party’s (PAP) team in Aljunied GRC, set to be the most hotly contested fight in the May
      272 words
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      369 5 Discover a new benchmark of luxury Experience the full splendour of life. A new benchmark of luxury living on the celebrated East Coast, Silversea Elan opens up a sea of luxuries. Amidst stunning views of the sparkling South China Sea, exquisite finishes and fittings create a residence of style and
      369 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX CFO quits, to join State Street
      500 6  -  He’ll be in US bank’s Boston and London offices before heading to HK in ’12 By JAMIE LEE THE chief financial officer (CFO) of the Singapore Exchange (SGX) has resigned. Seck Wai Kwong quit to join NYSE-listed State Street Bank Trust as its
      FILE PHOTO  -  500 words
    • Article
      Lock icon DBS justifies fee rise for chairman
      413 6  -  His contribution is of a different order of magnitude: CEO By CONRAD CONRAD TAN DBS Group shareholders grilled its board on a substantial pay rise for chairman Peter Seah but voted in favour of paying him and other directors more at the bank’s annual
      413 words
    • Article
      Lock icon The right (military) man for the job?
      781 6  -  HOCK LOCK SIEW By JOYCE HOOI EVER since Neptune Orient Lines (NOL) revealed the identity of the man who will be replacing Ron Widdows at the helm, the common phrase on many people’s lips about the incoming group CEO has been: “Who is
      781 words
    • Article, Illustration
      Lock icon Mobius bullish on global equities after Fed move
      761 6 Bloomberg [BEIJING] The global equities bull market will weather any halt in bond purchases by the Federal Reserve amid rising US consumption and investment in emerging markets, according to Templeton Asset Management’s Mark Mobius. US stocks rose, sending benchmark indexes to almost
      Bloomberg; REUTERS  -  761 words
    • Article
      Lock icon Stake sale talk takes STX OSV by surprise
      490 7  -  Offshore vessel builder is optimistic of gradual recovery for the industry By JOYCE HOOI THE news that its parent company was planning to sell a stake in STX OSV had taken the offshore vessel builder by surprise, its executives told BT yesterday.
      490 words
    • Article
      Lock icon Creative suffers US$13m Q3 loss, to cut jobs
      421 7  -  By WINSTON CHAI CREATIVE Technology shares slipped as much as five cents to $3.49 yesterday after the company reported its twelfth straight quarterly loss and unveiled plans to further slash its global headcount in a bid to return to the black. The
      421 words
    • Article
      Lock icon Straits Asia share price soars on new licence
      402 7  -  With it, coal output will be ramped up to 4.5-5m tpa By RONNIE LIM THE share price of Straits Asia Resources rose as much as 7.9 per cent yesterday after the coal miner said that a just-issued Indonesian licence “will trigger” its
      402 words
    • Article
      Lock icon Thakral’s property ventures going well
      269 7  -  By MAXIE AW YEONG CONSUMER electronics distributor Thakral Corporation revealed yesterday that it has successfully repositioned its real estate division, and its projects in Australia are going well. “We have just closed two transactions that we have announced last week,” said Jaginder Pasricha, managing director
      269 words
    • Article, Illustration
      Lock icon Allgreen’s Q1 profit more than doubles to $84.5m
      336 9  -  Strong showing achieved despite govt’s property cooling measures By LYNN KAN ALLGREEN Properties has emerged from the first quarter on a strong footing despite government property cooling measures introduced last year. The property arm of the Kuok Group said that first-quarter net
      FILE PHOTO  -  336 words
    • Article
      Lock icon Raffles Medical Q1 profit up 15.6%
      349 9  -  By NISHA RAMCHANDANI PRIVATE healthcare provider Raffles Medical Group (RMG) posted a 15.6 per cent year-on-year increase in first-quarter net profit to $10.48 million, while seeing a return to double-digit growth in topline. Revenue for the three months to March 31 this year rose
      349 words
    • Article
      Lock icon Tuan Sing posts Q1 net profit of $5.5m
      311 9  -  By LYNN KAN TUAN Sing Holdings’ net profit for the first quarter this year nearly trebled to $5.5 million from $2 million in the comparable period last year. Tuan Sing’s turnover gained 49 per cent to $61.7 million from $41.4 million a
      311 words
    • Article
      Lock icon At a glance
      380 9 Q1 results ended March 2011 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Jardine C&C 315.63 224.03 40.9 5,876.89 4,496.81 30.7 2 Yangzijiang 183.33 112.59 62.8 585.68 513.70 14.0 3 Total Access 139.99 102.66 36.4 826.36 739.48 11.7 4 CapitaLand 101.51 29.81 240.5
      380 words
    • Article, Illustration
      Lock icon Yangzijiang’s Q1 profit up 63% at 955m yuan
      692 9  -  Chairman expects lower gross margins after 2013 By JOYCE HOOI YANGZIJIANG Shipbuilding (YZJ) beat the street with a record gain in net profit for its first quarter ended March 31, 2011 a 63 per cent increase to 954.9 million yuan (S$180 million)
      692 words
    • COMPANY BRIEFS
      • Article
        Lock icon Jardine C&C’s Q1 profit rises 41% to US$251m
        108 9 JARDINE Cycle Carriage reported that its first-quarter net profit rose 41 per cent from a year ago to US$251 million. Revenue was up 31 per cent at US$4.66 billion. Astra’s contribution rose 50 per cent to US$243 million with growth in almost
        108 words
      • Article
        Lock icon Foreland expects higher pre-tax profit for Q1
        59 9 FORELAND Fabrictech Holdings announced that it expects to report a higher pre-tax profit for the first quarter. This is due to the higher revenue generated as a result of the strong demand for its fabrics, the recovery of the market of high-grade textile
        59 words
      • Article
        Lock icon Technics Q2 profit jumps 67% to $5.43m
        59 9 TECHNICS Oil Gas Ltd said that its net profit for the fiscal second quarter ended March 31, 2011 rose 67 per cent to $5.43 million. Revenue was up 32 per cent at $35.01 million. It has declared an interim dividend of three cents
        59 words
      • Article
        Lock icon Chemoil expects to report strong Q1 profit
        87 9 MARINE fuel supplier Chemoil expects to report a strong net profit for the first quarter of 2011. The positive operating results achieved in the fourth quarter of last year have not only continued into 2011, but also accelerated in the first quarter of
        87 words
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      Lock icon Page 6 Advertisements Column 1
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      250 words
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      40 words
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      20 7 New on our menu yellow-wine Cordyceps chicken and pig tripe soup Try this nourishing Cantonese-style soup packed with herbal goodness!
      20 words
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      42 7 I n_iMi NEW YORK PARIS TOKYO TUMI.COM I MANDARIN GAL I FRY +65 6/32 9880 6542 6519 THE SHCTPES AT MARINA BA\HWjDS +65 6222 10TT AT RESORTS WORLD IM SENTOSA ISETAN SCOTTS +65 6733 1111 LUXURY FASHION, CHANGI AIRPORT T1 T3 m
      42 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Broad market weakens in thin volume
      568 8  -  Turnover drops to week-low 1.1b units worth $1.4b; traders switch between short-selling and covering STOCKS R SIVANITHY Senior Correspondent TRADING yesterday had a familiar look to it as the Straits Times Index (STI) spent the day tracking Hong Kong first, followed by Europe’s opening.
      Source: Bloomberg  -  568 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Apr 28 VALUE CLOSE BT OB/OS -311.00-244.00 BT CADI -*****.00 -92.00 BT 10-day MA -*****.00 -31.00 FTSE ST Mid Cap 771.61 -2.30 FTSE ST Small Cap 553.14 -2.62 FTSE ST All Share 782.01 -0.18 FTSE ST China Top 280.39 -1.97 FTSE ST China 308.99 -0.45 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Golden Agri 66,692,000 Genting SP 63,042,000 HPH Trust US$ 33,735,000 Ramba 33,342,000 Noble Grp 30,065,000 MapletreeCom 22,701,000 Dyna-Mac 22,637,000 Yangzijiang 21,254,000 StraitsAsia 21,062,000 CreativMast 20,138,000 VALUE($) Genting SP 138,367,986 DBS Grp 84,839,940 UOB 73,513,954 Noble Grp 67,075,214 StraitsAsia 61,917,330 Keppel Corp 49,816,300 SingTel 47,112,850 Golden Agri
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 38 68 59 2 4 8 40 72 67 Commerce 20 18 22 2 3 4 22 21 26 Tpt/Stor/Comms 8 28 6
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Keppel Corporation
        426 8 April 28 close: $12.00 OCBC Investment Research, April 28 THE Deepwater Horizon blowout on April 20, 2010, which resulted in the Gulf of Mexico (GOM) oil spill brought the risks of offshore deepwater drilling to the world’s attention. The immediate reaction of many investors was to unload stocks
        Source: Bloomberg  -  426 words
      • Article
        Lock icon Singapore Land
        354 8  -  Compiled by JOYCE HOOI April 28 close: $7.15 Kim Eng Research, April 28 SINGAPORE Land posted a mere 2 per cent y-o-y growth in Q1 2011 profit after tax and minority interests to $48.8 million, broadly in line with our expectation. The negative office rental reversion has been
        354 words
      • Article
        Lock icon Glossary:
        136 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        136 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 48,199 48,199 105,273 105,273 Manufacturing 224,361 5,534 229,895 206,056 926 206,983 Commerce 63,434 4,073 67,507 134,042 2,617 136,659 Tpt/Stor/Comms 148,916 4,252 153,168 197,106 493 197,599 Finance 22,575 22,575 229,741 229,741 Construction 17,237 864 18,101 5,782
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.770 CapitaLand 3.420 +0.010 CapitaMall 1.870 -0.030 CityDev 11.740 +0.120 ComfortDelGro 1.550 -0.010 DBS Grp 14.920 +0.020 F&N 6.280 -0.020 GLP 1.950 +0.010 Genting SP 2.200 +0.020 Golden Agri 0.670 -0.010 HK Land 7.400 +0.110 JMH 47.000 +0.380 JSH 28.300 +0.100
      110 words
    • Article, Illustration
      Lock icon Sing$ hits new high; rupiah at 7-yr peak
      445 8 CURRENCIES Reuters [SINGAPORE] Emerging Asian currencies gathered upside momentum, touching milestones against the dollar yesterday after the Federal Reserve signalled it would not hurry to tighten policy, cementing expectations for further fund flows into Asia. The Singapore dollar hit a fresh record
      Reuters; AP  -  445 words
    • Article
      Lock icon RISES
      104 8 BY CENTS CLOSE UP GLD 10US$ ***** 297.9 1.7 IS S&P500 ***** 193.7 1.2 DBXT MSKorea 10US$ 6704 156.9 1.9 DBXT MSJAP 10US$ 3865 111.6 2.4 Jardine C&C 3774 108.0 2.9 Lyxor Europe 10 US$ 1476 101.8 6.0 DBS.ES.1104 1500 64.0 4.5 UOB 5.05%NCPS 100 ***** 50.0 0.5 JMH
      104 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -58.9 -0.4 Lyxor China H 10US$ 1696 -29.4 -1.4 DBXT CSI300 10US$ 1065 -27.0 -2.0 DBXT S&P Short 10US$ 4159 -22.1 -0.4 DBXT MSAsExJp 10US$ 3533 -20.8 -0.5 SIA 1408 -14.0 -1.0 SIA.ES.1104 1430 -12.0 -0.8 UOL 485 -11.0 -2.2 OCBC
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      31 9 ONE Million JERRY LUM Fftl Snr Marketing Director, MBA, CES Jifi < SH HP: 8288 0098 View: jerrylum.myweb.sg Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise |J your IPOs other offerings
      31 words
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      78 9 Collective Sale By Tender Prime Freehold Site Balestier Road Site Area: 5,173.2 Sqm Double Frontage Possible change to Residential or Mixed Development usage Tender Closes on 18th May 2011 at 3pm J L N RAJAH SUBJECT SITE GOLDEN WALL FLATTED FACTORY B A L E _S BALESTIER HILL SHOPPING CENTRE
      78 words
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      100 9 NOTICE TO TRADE SINGAPORE PORT KLANG TO YANGON PEAK SEASON SURCHARGE In order to maintain the level of service demanded by the trade during the peak season, we will be implementing a Yangon Peak Season Surcharge (PSS) of USD105.00 per TEU for all SOC shipments (laden) from Singapore Port Klang
      100 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Far East beats 11 rivals in Hillview site tender
      531 10  -  Offer of $289.8m or $672.61 psf ppr 2.7% higher than closest competitor’s By KALPANA RASHIWALA A STATE tender for a 99-year leasehold site at Hillview Avenue that can yield 400 or more apartments and some retail space attracted a strong turnout
      531 words
    • Article
      Lock icon Oxley Bizhub sets new price benchmark in Ubi area
      342 10  -  By EMILYN EMILYN YAP OXLEY Holdings has set a new price benchmark in the Ubi area with its new 60-year leasehold industrial project, Oxley Bizhub. In a soft launch over the weekend, the developer sold nearly 60 per cent of the
      342 words
    • Article, Illustration
      Lock icon 61 % of firms to boost headcount this quarter
      409 10  - 61 of firms to boost headcount this quarter By NISHA RAMCHANDANI WHILE hiring expectations appear to have levelled off somewhat in Singapore, they remain robust with 61 per cent of respondents looking to beef up staff count this quarter compared to 54 per cent in the corresponding quarter last year,
      JOYCE FANG/THE STRAITS TIMES  -  409 words
    • Article
      Lock icon Ex-Shook Lin & Bok partner fined $50K for insider trading
      285 10  - Ex-Shook Lin Bok partner fined $50K for insider trading BY LYNETTE KHOO A FORMER partner at Shook Lin Bok LLP has admitted to committing insider trading and has paid a fine of $50,000 to the Monetary Authority of Singapore (MAS) without court action. MAS said yesterday that Song Qing, a
      285 words
    • Article
      Lock icon Allen & Gledhill named S’pore law firm of the year
      323 10  - Allen Gledhill named S’pore law firm of the year Clifford Chance is S’pore international law firm of 2011 By MICHELLE QUAH ALLEN Gledhill has been named the Singapore national law firm of the year in the 2011 Chambers Asia-Pacific Awards presented by Chambers Partners. It beat five other nominees in
      323 words
    • Article
      Lock icon Child Development Credits payment in May
      239 10 THE Ministry of Community Development, Youth and Sports (MCYS) yesterday announced that it will disburse Child Development Credits to Singaporean children six years and below beginning mid-May. The Credits are part of the Child Development Credit Scheme, intended to help families with young children
      239 words
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      107 10 WINE DINE AND HOSPITALITY r V r I EXPERIENCE CHINESE GASTRONOMY AT ITS FINEST WORLD GOURMET SUMMIT AT MANDARIN COURT From 3 to 7 May, Masterchef Yuji Wakiya from Wakiya-lchiemi Charo presents his exquisite rendition of Chinese cuisine with the freshest seafood from the Spring harvest, Oven-baked Wagyu Beef and
      107 words
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  • ROLES OF CFO
    • Article, Illustration
      Lock icon Objectivity, independence at stake?
      1826 11  -  Clear reporting lines should be drawn as a CFO’s role in business increases, reports LYNETTE KHOO reports LYNETTE KHOO CHIEF financial officers and senior finance professionals are no longer regarded purely as scorekeepers in an organisation, but are increasingly involved in strategic business planning. As their
      STOCK.XCHNG  -  1,826 words
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      148 11 Career advance 'I think many people assume thataCIMA qualification just prepares you for one career-in finance. In reality it offers more than that: it's versatile and opens up a host of different paths, such as my chosen career in consulting. It gives you the skills and options to make your
      148 words
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      4 11 Brought to you by
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US derivatives market faces new capital rules
      422 12 Proposed regulation will force hedge funds to bolster capital cushion NYT [NEW YORK] The US$600 trillion derivatives market, long known for its freewheeling ways, is slowly being tamed. The Commodity Futures Trading Commission proposed rules on Wednesday that would force hedge funds and
      NYT; REUTERS  -  422 words
    • Article
      Lock icon Spain relapses into Europe’s debt virus
      408 12 Bloomberg [LONDON] Spain, pronounced cured last month from Europe’s debt virus, is suffering a relapse. The cost to insure Spanish sovereign bonds has risen to the highest relative to the nation’s companies in more than three months amid growing speculation that Greece will be
      Bloomberg  -  408 words
    • Article
      Lock icon Spain backs Mario Draghi as ECB chief
      307 12 Only Germany has yet to endorse Bank of Italy governor Bloomberg [MADRID] Spanish Finance Minister Elena Salgado called Mario Draghi an “excellent” choice as the next European Central Bank president, leaving Germany as the only one of the four biggest euro countries that
      Bloomberg  -  307 words
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      26 12 "Oh dear,, we,ve mixed business with pleasure!' weekend THE BUSINESS TIMES ESSENTIAL READING FOR BUSINESS. CALL 6388 3838 TO SUBSCRIBE. Mlf M IH KX, ,'Mega retailer
      26 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon China unfazed by large trade deficit with M’sia
      561 13  -  It is also ready to invest in more M’sian infrastructure projects: PM Wen By in Kuala PAULINE NG in Kuala Lumpur CHINA has little issue with its relatively big trade deficit with Malaysia, but hopes to see greater facilitation of Chinese imports
      BLOOMBERG  -  561 words
    • Article
      Lock icon Chinese banks invited to bid for RHB Capital stake
      384 13 25% stake put on auction at US$1.5b indicative price Reuters [KUALA LUMPUR] Chinese banks will be invited to bid for a 25 per cent stake in Malaysia’s RHB Capital that has been put up for sale by Abu Dhabi Commercial Bank
      Reuters  -  384 words
    • Article
      Lock icon Indonesia sells US$2.5b of bonds
      555 13 The 4.875% 10-year securities are sold at a yield of 5.1% Bloomberg [SINGAPORE] Indonesia has sold US$2.5 billion of 10-year dollar bonds after attracting bids for almost three times that amount, tapping appetite for the assets of developing economies that are poised to grow faster
      Bloomberg  -  555 words
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      102 13 ADVANCE CONTAINER LINES (PTE) LTD NOTICE TO TRADE SOC SHIPMENTS (LADEN) FROM SINGAPORE PORT KLANG TO YANGON PEAK SEASON SURCHARGE We will be implementing a Singapore Port Klang/Yangon Peak Season Surcharge (PSS) of USD110.00 per TEU for all SOC shipments (laden) from Singapore Port Klang to Yangon. This will take
      102 words
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      2335 13 Contel CONTEL CORPORATION LIMITED (Company Registration No.: *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Contel Corporation Limited ("Company") will be held at Auditorium of Katong Hostel, 369 Tanjong Katong Road, Singapore *****6 on 20 May 2011 at 10.00a.m.
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      413 14 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Oversea-Chinese Banking Corporation Limited and the audited consolidated financial statements of the Croup for the financial year ended 31 December
      413 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Population in China ageing rapidly: census
      557 15 Results also show that half the country’s people now lives in cities AP [BEIJING] China’s population is ageing rapidly, the government said yesterday, though its leaders are refusing to relax strict family planning controls that are part of the cause. The results of a
      AP  -  557 words
    • Article
      Lock icon China fines retailers in anti-inflation drive
      370 15 Reuters [BEIJING] China made another stab at reining in inflation yesterday by fining scores of retailers up to 500,000 yuan (S$94,545) for cheating shoppers with bogus discounts or promotions. Laying bare its intent to stamp out price pressures with inflation last clocked at a
      Reuters  -  370 words
    • Article
      Lock icon PM Singh approved Raja's decision: report
      196 15 Blooomberg [NEW DELHI] An Indian parliamentary committee found that Prime Minister Manmohan Singh approved former minister Andimuthu Raja’s decision to sell mobile-phone licences at below-market rates, the Indian Express said. By “just acknowledging” a letter from Raja, Mr Singh in January 2008 sent an
      Blooomberg  -  196 words
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      1700 15 MATS BUY IT• SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) Selected Notes to the Financial Statements for the financial year ended 31 December 2010 1. General Oversea-Chinese Banking Corporation Limited ("the Bank") is incorporated and
      1,700 words
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  • WORLD
    • Article
      Lock icon Panasonic to cut another 17,000 jobs over next 2 years
      143 16 Reuters [TOKYO] Japanese consumer electronics giant Panasonic Corp said it would cut another 17,000 jobs, equal to 5 per cent of its workforce, over the next two years in a bid to pare costs and keep up with Asian rivals.
      Reuters  -  143 words
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      Lock icon Berkshire’s verdict: Sokol misled Buffett
      570 16 Committee may sue Sokol to recover US$3m of trading profit he made Reuters [NEW YORK] Former Berkshire Hathaway executive David Sokol deliberately misled Warren Buffett when pitching an investment to him, the company’s board concluded in a scathing report that may add fuel to a
      Reuters; AP FILE PHOTO  -  570 words
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      Lock icon Johnson & Johnson may strike more foreign deals
      386 16  - Johnson Johnson may strike more foreign deals By ROBERT CYRAN J&J (Johnson Johnson) may have more on its overseas shopping list. The US health giant’s US$21.3 billion purchase of Swisslisted, US-incorporated Synthes is its largest ever. A big deal seemed like a way for J&J to deploy its US$28 billion
      386 words
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      Lock icon Death toll hits 128 in Alabama storms
      151 17 Reuters [BIRMINGHAM, Alabama] The death toll from storms and tornadoes in the US state of Alabama has risen to 128 people, Governor Robert Bentley’s office said yesterday. The storms were part of a series that have killed at least 155 people in half
      Reuters; AP  -  151 words
    • Article
      Lock icon Stocks soar on Fed chief’s comments at historic briefing
      563 17  -  FOMC MEETING By STEPHEN RAPHAEL in New York US Federal Reserve chairman Ben Bernanke made history speaking on Wednesday after the release of the policy statement that follows the end of every meeting of the Federal Open Market Committee (FOMC). The
      563 words
    • Article
      Lock icon Sony may face legal action for delay
      244 17 Reuters [TOKYO] Sony Corp could face legal action across the globe after it delayed disclosing a security breach of its popular PlayStation Network, infuriating gamers and sending the firm’s shares down nearly 5 per cent in Tokyo yesterday. Sony shut down the network
      Reuters  -  244 words
    • Article
      Lock icon Economy slows sharply in Jan-March quarter
      410 17 It grows at a weaker 1.8% annual rate; high gas prices, bad weather cited LATEST US DATA AP Reuters [WASHINGTON] The US economy slowed sharply in the first three months of the year as high gas prices cut into consumer spending, bad weather delayed
      AP; Reuters  -  410 words
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      1093 16 BUY IT-SELL IT-FIND IT MATS i f Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES SINGAPORE ISLAND BANK LIMITED (Incorporated in Singapore. Registration Number: *****007IR) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Singapore Island Bank Limited ("the Bank") for the financial year
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      83 16 RCL FEEDER PTE LTD NOTICE TO TRADE SINGAPORE/YANGON PEAK SEASON SURCHARGE In order to maintain the level of service demanded by the trade during the peak season, we will be implementing a Singapore/Yangon Peak Season Surcharge (PSS) of USD98.00 per TEU for all SOC shipments (laden) from Singapore to Yangon.
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      91 17 KMA SHIPPING CO LTD NOTICE TO TRADE SINGAPORE PORT KLANG TO YANGON PEAK SEASON SURCHARGE We wish to inform the trade that we will be implementing a Yangon Peak Season Surcharge (PSS) of USD100.00 per TEU for all SOC shipments (laden) from Singapore and Port Klang to Yangon with effect
      91 words
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      128 17 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Rules 91 and 101 FORM 69(3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF JSD CONSTRUCTION PTE LTD (IN COMPULSORY LIQUIDATION) Company Registration No. *****4178G NOTICE OF INTENTION TO DECLARE PREFERENTIAL
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      499 17 NOTICE OF INTENDED DIVIDEND Name of Company Pacific Source Pte Ltd (In Court Winding Up) Company Registration No. *****0160G Address of Registered Office C/o The Liquidator’s Office Last day for receiving Proofs 13 May 2011 Name of Liquidator Victor Goh Address C/o Baker Tilly TFW LLP 15 Beach Road #03-10
      499 words
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      598 17 In The Matter Of The Companies Act, Cap.50 And In the Matter of GATEWAY SINGAPORE PTE LTD (f.k.a. Gateway 2000 Singapore Pte Ltd) (Co. Reg. No.*****1449K) (In Creditors’ Voluntary Liquidation) Extract of the minutes at the Extraordinary General Meeting of the company convened and held at 1 3A Mackenzie Road,
      598 words
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      1273 17 THE GOLD LABEL PTE. LTD. IN LIQUIDATION (Registration No. *****7468G) The liquidator invites parties who may have entrusted their ownership of gold held by The Gold Label Pte. Ltd. In Liquidation for safekeeping, to submit their claims (together with appropriate supporting documents) to the address below for consideration. All claims
      1,273 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Wage pressures amid buoyant growth
      468 18 EDITORIAL AMID lingering external uncertainties, the Monetary Authority of Singapore (MAS), the de facto central bank, appears to be fairly upbeat about the economic growth outlook. It believes economic activity will likely be sustained at high levels through the year, supported by moderate global growth,
      468 words
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      Lock icon Oil price outlook clouded by Arab tumult
      816 18  -  THE BOTTOM LINE G PANICKER The writer was formerly with BT’s foreign desk CRUDE oil prices reached a peak of US$147.27 on July 11, 2008 after Iran tested a missile capable of reaching Israel. However, what followed was a banking implosion in the
      816 words
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      Lock icon Likely fate of China’s property bubble
      1205 18  -  Its real estate market is unlikely to collapse like in US but a price correction is inevitable By CHRISTINE CHUNG, CHAN PUI MUN, ALEXIS LOH, KONG YOON KEE Christine Chung, Chan Pui Mun and Alexis Loh are third-year banking and finance students at Nanyang
      REUTERS  -  1,205 words
    • Article, Illustration
      Lock icon Straight from the horse’s mouth
      1123 19  -  Bernanke holds his first-ever press conference as Fed head LEON HADAR Washington Correspondent NOT unlike other top players in Washington, Federal Reserve chairman Ben Bernanke, dressed in a business suit and red tie, was the cool and calm Master of the Spin, massaging the media
      BLOOMBERG  -  1,123 words
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      Lock icon Has the Fed got it wrong again?
      825 19  -  By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow at the Institute of Southeast Asian Studies, Singapore and adjunct professor at Singapore Management University Copenhagen Business School A FEW days ago, US Federal Reserve chairman Ben Bernanke made a statement explaining
      AFP  -  825 words
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      75 19 HARTMANN ASIA CONTAINER LINE PTE LTD NOTICE TO TRADE SINGAPORE PORT KLANG TO YANGON PEAK SEASON SURCHARGE Please be informed that we will apply a Peak Season Surcharge of USD 100.00 per TEU for all SOC Shipments from Singapore Port Klang to Yangon during the peak season. This will take
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  • AVIATION/SHIPPING
    • Article
      Lock icon India shortlists Dassault, EADS for fighter jet deal
      343 20 US$12b contract for 126 fighters most sought-after military deal in recent years AFP [NEW DELHI] India has shortlisted Dassault’s Rafale and the Eurofighter Typhoon for a US$12 billion fighter jet deal, cutting out US giants Boeing and Lockheed, sources said yesterday. “Only
      AFP  -  343 words
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      Lock icon Grain shipments down 40% on Mississippi
      546 20 Reuters [CHICAGO] High water on the Mississippi River has slashed grain shipments about 40 per cent and could pose a threat to exports from the US Gulf, the main exit for agricultural products to world markets, industry sources said on Wednesday. Grain exporters have
      Reuters; AP  -  546 words
    • Article
      Lock icon Court to decide Samho’s future
      172 20 Reuters [SEOUL] A South Korean court will decide next month the future of privately held chemical tanker firm Samho Shipping, which filed for bankruptcy protection this week, the latest casualty of the distressed global freight market. Rising fuel prices, tumbling freight rates, piracy and now
      Reuters  -  172 words
    • Article
      Lock icon Aussie dock workers renew threat to strike
      309 20 AFP [SYDNEY] Australian dock workers yesterday renewed their threat to strike over pay and conditions, warning that they would stage a 24-hour walkout tomorrow at the nation’s three major ports. The powerful Maritime Union of Australia said talks remained deadlocked with Patrick, Australia’s
      AFP  -  309 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3338 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 --JL7893 2225 --MU8439 2225 QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031
      3,338 words
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      290 20 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE CRITICAL BUNKER RECOVERY Following a review of bunker costs for the 2-month period ended 25 April 2011, please be advised that the Critical Bunker Recovery (CBR) will be increased to the following levels effective 15 May 2011: For List “A” Ports (Cambodia,
      290 words
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      152 20 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1
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      43 20 Tuckinto CEOTHEGREAT outkoocCHARITY Feast on fried oysteromelette cooked by Mr Kenny Yap, Executive Chairman and Managing Director Qian Hu Corporation Feel good because all proceeds go to charity When:Tonight (7-9pm) Where: Food Republic Beer Garden at St James Power Station the new paper
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8383 21 Transaction date: Apr 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17cd 16.5 17.5 7.8 3.6 3.6 81.4 12 4.5 A-Sonic 7.5cd 7 7.5 1.7 2.8 53.7 61
      8,383 words
    • Article
      Lock icon SGX CATALIST
      1541 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 6.5 4 t AA Grp 4.5 4 5 21.4 4.3 215 145 t APStrategic 160 -8 12 165 160 158 164 94.9 1.5 0.5
      1,541 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9807 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.39/ APS Alpha Fund (USD)!** 1.13/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,807 words
    • Article
      Lock icon GLOBALQUOTE
      236 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A51 -2 8 51 51 50 51 3.6 6.9 4.1 132.8 55 16 Genting HK US$ US42.5 -1 7641 44 42.5 42.5 43 2798.4
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    • Article
      Lock icon SGX ETF
      829 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 114 114 117 520.4 1075 761 CIMBAsean40 100US$ US1069 +7 1 1069 1069 1065 1073 42.8 350 270 DBS STI
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Apr 27 Index Change Change Change Change Change Change World Index Preliminary 935.0 0.0 4.2 0.0 2.8 0.0 6.7 EAFE Preliminary 810.6 0.3 1.2 0.2 2.4 0.2 6.3 Europe Preliminary 1212.2 0.3
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    • Article
      Lock icon INTERBANK RATES
      180 23 Apr 28 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.20 US$ Offer Bid 7 days 0.23 0.13 1 month 0.33 0.23 2 months 0.38 0.28 3 months 0.42 0.32 6 months 0.52 0.42 9 months 0.75 0.55 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Apr 28 S$ Bid Offer 1-month 1.2261 1.2264 2-months 1.2261 1.2263 3-months 1.2260 1.2263 6-months 1.2257 1.2260 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 Apr 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.382 1.304 Can dollar 1.318 1.268 Euro 1.854 1.783 Sterling pound 2.085 2.005 NZ dollar 1.016 0.968 US dollar 1.245 1.198 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 23 Apr 28 Open High Sett STI Apr 3206 3206 3185 SIMSCI Apr 376.7 379.6 375.7 Taiwan Apr 321.0 322.7 320.9 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon SICOM FUTURES
      141 23 Apr 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 555.0 554.2 555.0 29 Jun 11 550.0 550.0 549.9 14 Jul 11 538.6 Aug 11 529.3 Sep 11 515.0 515.0 515.0 6 Oct 11 498.0 Nov 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 23 Apr 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 28.07.2011 0.27 1-Year BY*****X 02.05.2012 0.44 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.22 5-Year N*****0W 1.125 01.04.2016 100.05 100.18 100.18 10-Year NY*****N
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    • Article
      Lock icon CHICAGO BOT
      107 23 Apr 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1378.00 1382.75 1390.25 1361.50 Jul 11 1384.50 1389.25 1397.00 1368.00 Aug 11 1383.00 1388.00 1394.75 1367.50 Sep 11 1375.50 1380.75 1386.75 1361.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 57.86
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Apr 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 124.57 0.43 WTI (Near Mth) 112.84 0.72 Dubai (1-Mth F) 117.97 0.27 Tapis blend 131.72 0.16 Minas 128.12 0.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.72 -0.39 Jet Kerosene 139.00 0.95 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2704 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 22 unch 31 1 10 -12 1.66 55 Asia-Pacific Strategic W*****6 24 1 150 9 6.67 37 ASJ Hldgs W*****1 1.5 1 4 10 3.33 10 AlliedTech W*****2
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 23 Apr 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 7.110 0.737 8.496 48.484 93.777 0.893 11.716 3.240 1.358 92.449 46.930 1.341 7.209 0.954 31.386 32.681 0.655 1.094 Canada 0.965 6.859
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    • Article
      Lock icon SIBOR
      85 23 Apr 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Apr 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3405 1.3413 1.0933 1.0938 Canadian dollar 1.2932 1.2941 1.0547 1.0553 Euro 1.8194 1.8201 1.4839 1.4842 NZ dollar 0.9870 0.9878 0.8050 0.8055 Sterling pound 2.0454 2.0461 1.6682 1.6685
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    • Article
      Lock icon PRECIOUS METALS
      138 23 Apr 28 GOLD (US$/oz) Apr 28 Apr 27 Hong Kong 1533.50 1508.60 Apr 27 Apr 26 London 1506.61 1499.85 1507.38 1500.62 Source: Thomson Reuters CAST BAR Apr 28 (S$) Selling Buying Kilobar 64,664.38 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 60 5gm 411 302 10gm 735
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    • Article
      Lock icon LONDON METALS
      70 23 Apr 27 Apr Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2736.00 2737.25 3 months 2744.00 2747.00 Copper, Grade A (US$/tonne) Cash 9297.00 9520.50 3 months 9321.00 9545.00 Lead (US$/tonne) Cash 2519.50 2596.00 3 months 2498.00 2558.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon LIFFE
      82 23 Apr 27 COCOA (£/tonne) Close Prev High/Low May 11 1916 1874 1925/1882 Jul 11 1927 1890 1938/1891 Sep 11 1944 1908 1954/1909 Dec 11 1965 1925 1975/1927 COFFEE (US$/tonne) Close Pev High/Low May 11 2510 2408 2525/2477 Jul 11 2536 2435 2555/2493 Sep 11 2555 2456 2570/2512 Nov 11
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    • Article
      Lock icon PALM OIL
      66 23 Apr 28 Apr KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3366 3391 3400 3366 493 5690 Jun 11 3325 3321 3352 3317 2389 ***** Jul 11 3294 3293 3324 3288 9393 ***** Aug 11 3281
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 23 Apr 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7100 0 3769 Sep11 99.6500 0 2257 Dec11 99.5550 0 1075 Mar12 99.3950 0 5376 EUROYEN TIBOR FUTURES Jun11 99.6750 0 5402 Sep11 99.6725 0 1533 Dec11 99.6650 9 1944 Mar12 99.6525 0 3672 Jun12 99.6800
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5596 24 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 25 Advertisements
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      53 25 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times?
      53 words
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  • executive lifestyle
    • Article
      Lock icon Just voting is a hot-button issue for me
      628 26  -  OFF THE CUFF Jaime Ee POLLING Day is just a week away and I’m already getting butterflies in my tummy. I’m not sure what the outcome will be but I will do my very best. I am sure my fellow citizens will
      628 words
    • Article, Illustration
      Lock icon Reeled in by niche filmfests
      1822 26  -  Going beyond popcorn and instant gratification, movie buffs are flocking to niche filmfests such as the upcoming European Union Film Festival, the Very Short International Film Festival and the Asian Buddhist Film Festival (ABFF) for a more holistic experience, reports DYLAN TAN reports DYLAN TAN
      PHOTO MONTAGE: LUDWIG ILIO  -  1,822 words
    • CINEMA
      • Article, Illustration
        Lock icon Thor steals the thunder
        670 27  -  Director Kenneth Branagh’s fleshed-out comic-book hero will score at the box-office, writes GEOFFREY EU writes GEOFFREY EU NORSE gods, ice monsters and mere mortals converge to entertaining effect in Thor, the latest big-budget blockbuster to emerge from Marvel’s mighty stable of screen-ready superheroes. A comic-book character
        PARAMOUNT PICTURES  -  670 words
      • Article, Illustration
        Lock icon Deja vu Roommate
        523 27  -  By DYLAN TAN IT’S common for Chinese film-makers to rip off Hollywood movies but Danish director Christian E Christiansen should have known better than to do it for his Tinseltown debut. Taking the premise of Barbet Schroeder’s 1992 psychological thriller Single White Female and transposing the action
        523 words
      • Article, Illustration
        Lock icon Ghost remake wows with SFX
        626 27  -  By MIN LEE AP WHEN A Chinese Ghost Story hit movie screens in 1987, it wowed audiences with its novel plot of man falls for female demon in an ancient Chinese setting. The unlikely couple played by late Hong Kong superstar Leslie Cheung and Taiwanese
        AP; PHOTOS: ENCORE FILMS, FILE  -  626 words
      • Article, Illustration
        Lock icon Voice actors lend heft to retro reboot
        454 27  -  DVD REVIEW By CHRISTOPHER LIM DC UNIVERSE has released several straight-to-DVD superhero animated movies of varying quality, but Wonder Woman sets the bar they all should all aspire to. It’s very much an origin story, and is loosely based on the 1980s comic
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    • PURSUITS
      • Article
        Lock icon Aspiring authors get help online
        560 28  -  By JULIE BOSMAN IN THE old days of publishing, getting your manuscript into the hands of an editor often meant mailing the unsolicited finished product to the offices of literary agents or editors, where it would receive a cursory look from an editorial assistant or
        560 words
      • Article, Illustration
        Lock icon Rite of royal partying
        784 28  -  Hold on to your hats, there’s a royal banquet tonight. CLARISSA TAN speaks to the head of the British Club here or is it the Pearly King? about singalongs and hearty toasts CLARISSA TAN HATS off to the British Club. Or rather, hats on, because the
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        Lock icon Ines writes the book on style
        629 28  -  By ROBERT MACPHERSON BEFORE anyone gets the wrong idea, Ines de la Fressange would like to point out that you cannot just spend your way into becoming a Parisian. “I do think it’s a state of mind,” says the original French supermodel turned designer
        AFP  -  629 words
    • MUSIC/GAMING
      • Article, Illustration
        Lock icon Mixed tributes
        790 29  -  Jazz vocalist Kurt Elling and singer-songwriter Norah Jones stand out from this collection of homages, reviews CHRISTOPHER LIM reviews CHRISTOPHER LIM ONE of the great joys of checking out new music is being pleasantly surprised, although the knife of unexpected revelations cuts both ways. These four albums celebrate
        790 words
      • Article, Illustration
        Lock icon Shoot for the suit
        453 29  -  GAMING REVIEW By LEE KIM SIANG BACK in the day, the original Crysis was notorious for turning even the most powerful of PCs into a smouldering slag heap due to its ridiculously steep hardware requirements needed to run the game at its maximum graphics settings. That
        453 words
    • ARTS
      • Article, Illustration
        Lock icon Gaffes and gags aplenty in Mansion
        379 30  -  By NATALIE KOH AFTER a hilarious debut performance, HuM Theatre takes on broader themes with Prisoner of Mumbai Mansion, an adaptation of Neil Simon’s Prisoner of Second Avenue, which balances comedy with tragedy in a tale of a mid-dle-aged man going through a mid-life
        379 words
      • Article, Illustration
        Lock icon British actor’s rock and two roles
        600 30  -  By DYLAN TAN WHEN British actor Billy Geraghty dons Buddy Holly’s trademark black-rimmed glasses and straps on a guitar, his transformation to the late rock ’n’ roll icon is uncanny. Somuch so it’sled toHolly’s widow, Maria Elena Holly to once remark, “It’s always a
        600 words
      • Article, Illustration
        Lock icon Map of poetic spaces
        1088 30  -  Multi-dimensional project INSITU challenges our spatial assumptions with prose, visuals and music, report KELLY TAY and CHEAH UI-HOON report KELLY TAY CHEAH UI-HOON INSITU a project that calls for the multi-disciplinary artistic mapping of “poetic places” could well be the first manifestation of “content art” in
        PHOTOS: TAISUKE KOYAMA, KRIJN VAN NOORDWIJK  -  1,088 words
      • AROUNDTOWN
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          Lock icon Christie’s preview held here
          190 30 AUCTION staples such as Adrien-Jean Le Mayeur de Merpres and Agus Suwage will feature in Christie’s upcoming Hong Kong Spring 2011 auction to be held at the end of May in Hong Kong. Interested art collectors can view auction pieces in Singapore this weekend, such as
          CHRISTIE’S IMAGES  -  190 words
        • Article
          Lock icon Singaporean and Malaysian artists celebrate Lightness
          157 30  -  Compiled by CHEAH UI-HOON Utterly Art celebrates its 10th anniversary with a show at ION Art Gallery, Level 4 ION Orchard. Visions of Lightness are works by seven Singaporean and Malaysian artists associated with the Nanyang Academy of Fine Arts Boo Sze Yang, Chiew
          157 words
        • Article, Illustration
          Lock icon Musing about the past
          253 30 Nostalgia has a strong pull on us, and three artists from South Korea and Japan use their unique techniques to muse about the past in Reminiscence. Hwang Sae Jin, 29, has lush, intricate work ren- dered in acrylic with pieces of floral cloth. At first glance,
          253 words
    • WINE
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        Lock icon Sweet on Riesling
        995 31  -  Riesling’s flavours are a gift from nature the sun, soil, vine and fruit, nurtured lovingly by the best in the field, writes N K YONG writes N K YONG IT IS an interesting thought for reflection that of the two grape varietals which produce wines that most
        995 words
      • Article, Illustration
        Lock icon Parker successor to shake things up
        513 31  -  By RYAN FLINN Bloomberg INFLUENTIAL wine critic Robert Parker (below) surprised Napa Valley vintners in February when he handed over his California reviews to Antonio Galloni, who plans to shake things up. “I’m convinced there are a lot of young producers who are under
        Bloomberg  -  513 words
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      56 27 Masterpieces in Huanghuali The premium quality Huanghuali fine furniture highly-sought by connoisseurs around the world, together with some of the most beautiful collections of Mingstyle classics in zitan, jumu, camphor, lacquer etc… are available here. Warehouse Gallery Mapletree Industrial Blk 1001 #01-08/10 Jalan Bukit Merah Singapore *****5 (behind SPRING S’pore
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      214 28 NAFA Nanyang Academy of Fine Arts in collaboration with the Italian Cultural Institute and the Italian Embassy in Singapore present Celebrating the 60 th Anniversary of I Musici Superb musicianship and beautiful melodious sounds are the hallmarks of I Musici, the world-renowned Italian Chamber Orchestra. I Musici will make a
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  • Page 28 Miscellaneous
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      326 28 CRYPTIC CROSSWORD Across 1 One tucking in tucks it in (6) 4 Launch is cancelled after reprimand (5-3) 9 Now and again, once more after that (6) 10 Meeting’s impossible in bars like this (8) 12 Reportedly in favour of any small group (8) 13 Behind some asparagus one leaves
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      205 29 L E S AMIS D U CREDIT SUISSE THE MERLION HOTEL BY TATZU NISHI. CHECK-IN TO SINGAPORE'S MOST FAMOUS ICON f r~ uqh w\ r .c k' a nr. y. dteiU m t, raw?-- -*u ■u 7 r •> X I IN SI -v V 3 x/;«:■y». c: S !l-
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      122 31 CORNDALE CONSULTANTS PTE LTD Leading Fine Wine Merchant in Southeast Asia Pioneers of Bordeaux En Primeur Campaign in Singapore wm M' 1 KM IT t. '< v>\ H.W* ST EMI v f A Va> V v'A iw ■\L —-i'EE—- i 0t. -"00 '.E« ■H Painting by: Sbarberi Courtesy of Opera
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      664 32 I D A A Tradition Of Outstanding Success DTZ has enjoyed a reputation for excellence in providing leading-edge property insight and on-the-ground delivery to investors, developers and corporates. As a global firm that spans across 140 cities in 42 countries, we recognise our client's needs are tied to the local
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      31 33 8 *****1 *****4 THE BUSINESS TIMES s$I.OO online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI*****868E MICA(P) 138/O8/2010 Friday, April 29, 2011 Can an international bank understand its local markets?
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      83 34 Standard Cg Chartered m Your culture and beliefs matter to us. For 150 years, we've immersed ourselves in the countries where we do business. We have drawn on this experience to bring you world-class products and services that meet your individual needs. And we are helping hundreds and thousands of
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