The Business Times, 20 May 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL31342
Total Pages: 36
1 36 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sph A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, May 20,2011
    23 words
  • Article
    Lock icon Q2 breather, before GDP sprints again
    689 1  -  Forecast for 2011 raised to 5-7% after strong Q1, but more languid growth likely in current quarter By ANNA TEO [SINGAPORE] After a robust first quarter, economic growth will likely take a breather in the current Q2 before picking up again to round off
    689 words
  • Article, Illustration
    Lock icon Mega property sales on the cards in Orchard area
    871 1  -  Two commercial buildings worth more than $2b could see stakes sold By KALPANA RASHIWALA [SINGAPORE] Property investment deals involving two plum commercial properties in the Somerset/Orchard Road area worth more than $2 billion could take place in the next few months.
    PHOTOS: ARTHUR LEE  -  871 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 G ST INDEX 3,172.56 (+31.35) G ST INDEX FUTURES 3,173 (+35) G SIMSCI 370.78 (+2.82) G SIMSCI FUTURES 371.40 (+4.40) FOREX US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.613 1.999 EURO (US$/S$/E) 1.423 1.763 Foreign currency per US$ S$ YEN 81.80 66.00 RM 3.028 2.443 HK$
    145 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      64 1 EXEC LIFESTYLE Cocktail city PAGE 29 FESTIVALS AROUND THE WORLD Catching the Hay fever PAGE 33 FRAUD CASE APBS not liable to banks over fraud: appeals court PAGE 2 CORPORATE RESULTS Tiger Airways’ Q4 profit nosedives PAGE I'm m sV^ i i itREITLING BREITLING 1884 INSTRUMENTS FOR PROFESSIONALS" JOHN TRAVOLTA.
      64 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      2 1 8"*****1 *****4
      2 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon APBS not liable to banks over fraud: appeals court
      936 2  -  It says they failed to apply due diligence in their eagerness to secure banking ties By MICHELLE QUAH [SINGAPORE] Two of the four international banks swindled of over $100 million by Asia Pacific Breweries Singapore’s (APBS) former finance chief Chia Teck
      936 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      556 2 Q2 breather, before GDP sprints again AFTER a robust first quarter, economic growth will likely take a breather in the current Q2 before picking up again to round off the year at perhaps 7 per cent. The Ministry of Trade and Industry yesterday hoisted its growth forecast for
      556 words
    • Article
      Lock icon Strong S$ not major concern for cost competitiveness
      588 4  -  Monetary policy must be seen in context of managing growth, inflation risks: MAS Q1 ECONOMIC SURVEY OF SINGAPORE By LYNETTE KHOO [SINGAPORE] The strong Singapore dollar is not a major concern for the economy’s cost competitiveness as the latter hinges on a
      588 words
    • Article, Illustration
      Lock icon PARTING SHOT
      167 4 THE LAST meeting of the present Cabinet yesterday afternoon. Prime Minister Lee Hsien Loong says: ‘We were all conscious that this was the end of an era. We had a short agenda of routine business. Then I thanked SM Goh, MM Lee and the retiring ministers. MM spoke,
      167 words
    • Article, Illustration
      Lock icon Mah says goodbye, accepts responsibility
      447 4  -  By MINDY TAN [SINGAPORE] “My job is done,” says outgoing Minister for National Development Mah Bow Tan in a statement released on his retirement. At the same time, he took responsibility for the unhappiness over rising housing costs. Speaking to reporters at the sidelines of
      447 words
    • Article
      Lock icon Strauss-Kahn quits as IMF chief, to seek bail
      448 4 He denies all charges, vows to prove his innocence Reuters [NEW YORK] The International Monetary Fund (IMF) said Dominique StraussKahn has resigned as its head following charges against him of sexual assault and attempted rape. “I deny with the greatest possible firmness
      Reuters  -  448 words
    • Article
      Lock icon Study sheds light on retail petrol prices in S’pore
      579 4  -  No evidence players indulge in anticompetitive collusion By RONNIE LIM [SINGAPORE] Competition for motorists’ custom among the four petrol retailers here is largely through various promotion and loyalty (discount and rebate) schemes even though their listed petrol prices here may be
      579 words
    • Article
      Lock icon CIMB not keen on RM4.8b RHB stake
      406 4  -  CEO debunks market talk, says focus is on regional acquisitions By in Kuala S JAYASANKARAN in Kuala Lumpur CIMB, Malaysia’s second largest banking group, is not bidding for a stake in RHB, Malaysia’s fourth largest lender, but will focus on acquisitions in the
      406 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      357 2 DELIVERING IN Parkway East Hospital AT PARKWAY EAST HOSPITAL n Single Room A m D °uble Roo m Our maternity facilities are specially developed to meet your birthing needs in a luxurious setting. From the most routine births to the most complex, we are equipped to help you deliver a
      357 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      159 3 r A T W- > x??*s£*a wm v.; asss i v v** ,j/ ,ifil r aiiil saw. £»> :v» MrfSK if 11 mmff 11la .a hit r > I Hill!!! 1 ssssggg; A home above the pulse of the city. Acres of verdant greenery and water gardens take you to
      159 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC takes a FRANK approach with youths
      623 6  -  Retail store concept to bring a new banking experience By TAM YU LING OUT with boring bank branches, in with trendy retail outlets. If Oversea-Chi-nese Banking Corporation (OCBC) has its way, the young will now shop for banking services through its FRANK programme
      TAN LAI HOCK/LIANHE ZAOBAO  -  623 words
    • Article, Illustration
      Lock icon DBS rides high on mega IPOs with Asian focus
      564 6  -  Glencore signals its success in grabbing biz from global firms By SIOW LI SEN DBS Bank is the only Singapore bank involved with this year’s biggest public listing Glencore’s IPO as it scores big on doing deals with some of the
      BLOOMBERG  -  564 words
    • Article
      Lock icon Global Yellow Pages full-year profit falls 29.5%
      318 8  -  By TEO SI JIA GLOBAL Yellow Pages reported a net profit of $11.5 million for the full year ended March 31, 2011, down 29.5 per cent from the preceding financial year’s $16.4 million. Revenue fell 18.1 per cent from $50.7 million to $41.5
      318 words
    • Article
      Lock icon Perennial China revives IPO, seeks $843m
      506 8  -  Distribution yields are forecast by the trust to be up to 5.3% for 2011 and up to 5.5% for 2012 By UMA SHANKARI PERENNIAL China Retail Trust (PCRT) revived its stalled initial public offering yesterday, but on a slightly smaller scale the business trust
      506 words
    • Article
      Lock icon Outlook bright for DBS Taiwan
      668 8  -  HOCK LOCK SIEW By Slow LI SEN IN the past 10 years, DBS Hong Kong has made a total net profit of $4.8 billion following DBS Group Holdings’ $10 billion purchase of the former Dao Heng Bank in 2001. If the two impairment charges (taken
      668 words
    • Article
      Lock icon Tiger’s Q4 hit by Australian floods, deferred tax charges
      653 12  -  Q4 earnings plunge to $1.3m from $22.3m, but full-year profit surges 41.4% Reports by VEN SREENIVASAN FACED with a challenging operating environment in Australia and deferred tax charges there, Tiger Airways saw its earnings for the January-March fourth quarter plummet to
      653 words
    • Article
      Lock icon Deal to buy 33% of Mandala Airlines
      403 12 TIGER Airways yesterday announced an in-principle deal to buy 33 per cent of Indonesian privately owned, but troubled, budget carrier PT Mandala Airlines. The term sheet it signed is subject to due diligence and conclusion of definitive contracts. The Indonesian low-cost carrier (LCC)
      403 words
    • Article
      Lock icon KSH bags $78.7m contract
      290 12  -  By MAXIE AW YEONG KSH Holdings has won a $78.7 million contract for the construction of a residential development in Ardmore Park. The contract, which KSH clinched through unit Kim Seng Heng Engineering Construction, was awarded by Botanica, a subsidiary of Wheelock Properties. The project is
      290 words
    • Article
      Lock icon Ramba secures up to US$8.1m investment
      289 12  -  By ENYA LIM OIL and natural gas exploration and production group Ramba Energy has secured an investment of up to US$8.1 million for its West Jambi Block. The investment is from Verona Capital Pty Ltd, a Perth-based private resource-oriented venture capital group. “The funds
      289 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yongnam bags $50m sub-contract
        35 12 YONGNAM Holdings has secured a $50 million sub-contract for restoration works to the former Supreme Court Building and former City Hall building. The buildings will house the future National Art Gallery.
        35 words
      • Article
        Lock icon Weak US dollar affects Chosen performance
        49 12 CHOSEN Holdings warned its performance for the first nine months ended March 31, 2011, was “adversely affected” by the further weakening of the US dollar and lower demand. “However, based on current anticipated orders, demand is expected to improve in Q4,” it said.
        49 words
    • Article, Illustration
      Lock icon APB aims to be among China’s top 3 brewers
      558 12  -  New brewery will boost capacity to meet rising demand By EMILYN YAP in Guangzhou, China ASIA Pacific Breweries (APB) is aiming to become one of the top three international premium beer players in China as the population grows more thirsty for
      558 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      545 6 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg MDR LIMITED (Incorporated in Singapore) (Company Registration No. *****059G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of mDR Limited (the “Company”) will be held at Paramount Hotel, 25 Marine Parade, Singapore *****6 on 7 June 2011
      545 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      0 6 }.]*@+)+:?,,%>*)$_+<~'`_|~),^()
      0 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 3
      456 6 NORDIC GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7399N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Nordic Group Limited (the “Company”) will be held at 8 Wilkie Road #03-01 Wilkie Edge, Singapore *****5 on 7 June 2011 at
      456 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 4
      237 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Next Auto Pte. Ltd. (Company No.: *****0401K) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the
      237 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 5
      191 6 INTHE MATTER OF THE COMPANIES ACT, CAP. 50 AND INTHE MATTER OF TSKLINE (S) PTE. LTD. Company Registration No. *****1834R (In Members’Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.50, that a Final Meeting of the Members of the abovenamed
      191 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      132 7 www.vw. com. sg With great power comes great responsibility. TO5 e/ Or i 2 l/OB n 9032 NT 51 The new Touareg Hybrid. With 380 bhp the new Touareg Hybrid is one of the most powerful hybrid SUVs on the road. Its supercharged 3.0 V6 TSI engine, combined with an
      132 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      1220 8 BALANCE SHEET AS AT 31 DEC 2010 INCOME STATEMENT AS AT 31 DEC 2010 Assets 31.12.2010 31.12.2009 in Euro m in Euro m Cash reserve 8,053 10,329 Claims on banks 110,616 106,689 of which pledged as collateral 94 Claims on customers 327,755 352,194 of which pledged as collateral Value adjustment
      1,220 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      397 9 METROPOLIS BY HO BEE RECIPIENT OF THE COVETED BCA GREEN MARK PLATINUM AWARD THE iS!s ilSSifiS iiiKl ■gr* MS if!! ;|l t BP JBHi 'W dJ em ■a lllllfe ji' SSS* 525S s i i!lSP i! if 5SS5" 5s fll SsiS"** 1 5iil"'(Su 525 2552 S ir If &J V
      397 words
Page thumbnail Page 10
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI surges but broad market mixed
      578 10  -  Market advance-decline score stands at 184-181 even as index jumps 31 points STOCKS R SIVANITHY Senior Correspondent GOING by the Straits Times Index (STI), yesterday appeared to be a decent day in the local stock market, with the STI finishing a healthy 31.35 points
      Source: Bloomberg  -  578 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 May 19 VALUE CLOSE BT OB/OS -86.00 +148.0 BT CADI -*****.00 +12.0 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 758.73 +0.36 FTSE ST Small Cap 539.01 -1.40 FTSE ST All Share 776.27 +5.90 FTSE ST China Top 270.26 -0.75 FTSE ST China 306.42 -0.43 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 4 0 0 0 9 4 4 Manufacturing 46 57 57 4 4 7 50 61 64 Commerce 19 14 29 3 2 3 22 16 32 Tpt/Stor/Comms 17 12 11
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Strategy
        714 10  -  CIMB Research, May 19 Compiled by CONRAD TAN PRIME Minister Lee Hsien Loong has announced his new Cabinet line-up. Key changes are: 1) Deputy Prime Minister (DPM) Wong Kan Seng, National Development Minister Mah Bow Tan and Transport Minister Raymond Lim will be stepping down; 2) Tharman Shanmugaratnam
        Source: Bloomberg  -  714 words
      • Article
        Lock icon Glossary:
        135 10 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,
        135 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 116,671 116,671 127,949 127,949 Manufacturing 247,762 18,276 266,038 220,219 1,604 221,824 Commerce 96,477 5,489 101,966 117,293 4,000 121,293 Tpt/Stor/Comms 120,263 2,931 123,194 204,500 270 204,770 Finance 17,525 17,525 211,332 211,332 Construction 24,923 521 25,444 11,156
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 10 Stock name Close Change CapMallsAsia 1.680 +0.010 CapitaLand 3.170 CapitaMall 1.910 +0.020 CityDev 11.360 +0.280 ComfortDelGro 1.480 +0.010 DBS Grp 14.860 +0.040 F&N 6.130 +0.110 GLP 2.020 +0.030 Genting SP 2.070 Golden Agri 0.700 +0.005 HK Land 7.420 JMH 50.840 +2.220 JSH 29.660 +0.900 Jardine C&C
      110 words
    • Article, Illustration
      Lock icon Euro rises; $ touches 3-week high vs yen
      482 10 Euro rises; touches 3-week high vs yen CURRENCIES Reuters [TOKYO] The euro extended its recovery from a seven-week low hit earlier in the week and the dollar came under broad selling pressure yesterday, as market players judged that commodity prices have steadied after weeks of decline. The dollar briefly scaled
      Reuters; BLOOMBERG  -  482 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 10 VOLUME Golden Agri 113,244,000 Tuan Sing 82,679,000 Genting SP 57,787,000 Artivision 41,418,000 EastGateTech R 40,969,000 Dyna-Mac 32,523,000 LC Dev 27,976,000 Noble Grp 27,809,000 Ramba 22,525,000 HPH Trust US$ 20,797,000 VALUE($) Genting SP 119,905,630 Golden Agri 79,329,115 UOB 74,650,900 DBS Grp 73,048,320 Noble Grp 58,421,030 SingTel 55,416,494 Keppel
      60 words
    • Article
      Lock icon RISES
      112 10 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 335.0 1.6 JMH 5084 275.1 4.6 JSH 2966 111.5 3.1 DBXT AUDMM 5AU$ ***** 69.9 0.3 Hyflux 6% CPS 10 ***** 52.0 0.5 UOB.ES.1105 1960 50.0 2.6 DBXT FTChina25 10US$ 3192 44.6 1.1 DBXT Nifty 10US$ ***** 44.6 0.3 UOB
      112 words
    • Article
      Lock icon FALLS
      119 10 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ *****-291.2 -1.0 DBXT MSKorea 10US$ 6266-122.7 -1.6 DBXT FTVietnam 10US$ 2960-118.9 -3.1 GLD 10US$ ***** -55.8 -0.3 HsuFuChi 398 -37.0 -8.5 DBXT S&P Short 10US$ 4171 -35.9 -0.7 STXPO 100 953 -33.0 -3.3 DairyFarm 965 -29.7 -2.4 DBXT MSTaiwan 10US$ 2010 -26.0
      119 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      316 11 At Mapletree we don't just talk about being green. We are a living, working example of energy and water conservation. Our own offices are designed from the ground up to incorporate green philosophy and state of the art sustainable technology. Winning awards means business as usual at Mapletree It is
      316 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      101 12 THE INAUGURAL CROSS-BORDER INVESTOR RELATION ROADSHOW IN SINGAPORE 28May2011(Saturday) 8.30amto5.30pm SPH News CentreAuditorium, 1000Toa Payoh North Singapore *****4 Register Now www.IndonesiaGems.com High powered seminar for investment in Indonesia stock market. Invest in the Gems f of Indonesia Equity Market Attend to redeem 1 day seminar voucher for the renowned course
      101 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      27 12 f Neo D10 7'Expansive Rooms jwn Ground Pool jl Ip" JERRY LUM ra Snr Marketing Director, MBA, CES nn|n HP: 8288 0098 View: jerrylum.myweb.sg 9 ONE Million
      27 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      256 13 ASIAN CONTEMPORARY MODERN ART, FINE JEWELLERY AND WINE .HCr" -Tf 1 A m 7 J: 1 at fv m ■Mn m wm v if..:* m Tt m a IF ,V 1 I i i It A 1 m I K m 3* m S 1 SBSi H l» v J
      256 words
Page thumbnail Page 14
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Govt sets aside $1.1b for infocomm this year
      475 14  -  Manpower Ministry is one of the big spenders, with a $100m budget By VICTORIA HO THE Singapore government plans to spend $1.1 billion this year on infocomm tenders. Ronnie Tay, CEO of the Infocomm Development Authority (IDA), announced yesterday that the government
      475 words
    • Article, Illustration
      Lock icon Reform Party stakes claim on constituencies for next GE
      567 14  -  By LEE U-WEN BARELY a fortnight from the last general election (GE), the opposition Reform Party (RP) has already staked its claim on five constituencies where it intends to contest at the next polls. It has set up regional branch committees
      FILE PHOTO  -  567 words
    • Article
      Lock icon Building sector honours productivity winners
      482 14  -  By MINDY TAN THE construction industry is getting behind the national productivity drive with the launch of an award to recognise those that have achieved productivity improvements. Yesterday, outgoing Minister for National Development Mah Bow Tan gave out 31 Construction Productivity Awards (CPA) to firms
      482 words
    • Article
      Lock icon COE premiums rise in all categories except motorbikes
      197 14 CERTIFICATE of Entitlement (COE) premiums ended slightly higher with the exception of motorcycles in the May second open bidding exercise. “The Land Transport Authority (LTA) received 2,661 bids, of which 1,870 were successful,” the LTA said in a press release yesterday. The
      197 words
    • Article, Illustration
      Lock icon Coal seen dominating over gas in SE Asia by 2030
      511 14  -  By RONNIE LIM THE use of coal for power generation which has started on a small scale in Singapore will “dominate over gas by 2030 as the fuel of choice” in South-east Asia, says consultant Wood Mackenzie. This arises from
      511 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      66 14 c sa Singa •ute tabla A heaR 1BEAT e l .-.-.ooi> wo strike takes Stumpy jntKO»uP>*»' p i «*«>** \jVo<WCup istf s<s«.^y5*'jsn Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly
      66 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      31 14 SINGAPORE’S NO.1 MEN’S MAGAZINE LUNCH ONUS! ROADSHOW •CHEVRONHOUSE,RAFFLESPLACE 19-20MAY,10AM-3PM• •MILLENIAWALK 23-25MAY,10AM-3PM• MOREDETAILSINMENSHEALTH.COM.SG »FREE LUNCH WORTH $13 $18 FROM GAELIC INNS $50 GOODIE BAG WITH EVERY COPY OF MEN’S HEALTH PURCHASED! »FABULOUSSUBSCRIPTIONGIFTS!
      31 words
Page thumbnail Page 15
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan’s Q1 GDP shrinks more than expected
      673 15  -  Steep contraction challenges hope of swift recovery from disasters in March By Anthony Rowley in Tokyo JAPAN’s economy shrank in size by a surprisingly large 0.9 per cent in the first quarter of this year nearly double the expected rate in the aftermath
      BLOOMBERG  -  673 words
    • Article
      Lock icon Aussie firms set to boost bank lending
      286 15 Loans at 14-month high but they’ll borrow more to fund expansion, M&As: poll Bloomberg [SYDNEY] Australian companies plan to boost bank borrowing from a 14-month high to fund expansion and acquisitions as a mining investment boom drives economic growth. Firms will increase loans
      Bloomberg  -  286 words
    • Article
      Lock icon Most Fed officials want rate hike before asset sale
      467 15 But minutes also show no tightening any time soon Reuters [WASHINGTON] Most Federal Reserve officials prefer to raise rock-bottom interest rates before selling assets when the time comes to tighten policy, according to minutes of their April meeting. The minutes, released
      Reuters  -  467 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      104 15 We are pleased to share our latest addition... Bedok Point Gold 2011 to our tally of 22 BCA Green Mark Awards. At Architects 61, our guiding philosophy has always been to strive towards the highest level of excellence in architectural design, planning and project implementation. Strong leadership and supportive teamwork--
      104 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      99 15 Toll Offshore Petroleum Services Pte Ltd LOYANG OFFSHORE SUPPLY BASE Singapore’s Premier Oil and Gas Hub Official Opening of New Office Building 8-Storey office building featuring individual suites from 100 sqm to whole floor units of 1,270 sqm Wharf extension is now completed with additional 65% berthing space totaling almost
      99 words
Page thumbnail Page 16
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesian robusta beans at 18-mth high
      492 16 Supply worries grow as erratic weather damages crops Reuters [SINGAPORE] Premiums for Indonesian robusta coffee beans jumped to their highest since November 2009 as supply worries escalated after erratic weather damaged crops, raising the possibility of more imports, dealers said yesterday. Sumatran robusta beans
      Reuters; REUTERS  -  492 words
    • Article
      Lock icon M’sia food, beverage prices set to rise further
      515 16  -  Another F&B player announces price rises of its products, third firm to do so recently By PAULINE NG in Kuala Lumpur DUTCH Lady Milk Industries Bhd is set to raise product prices by 5-6 per cent, another indication that food and beverage
      515 words
    • Article
      Lock icon Garuda IPO loss up to state brokers
      129 16 Reuters [JAKARTA] Indonesia’s State Enterprises Ministry said yesterday that three state brokerages will have to deal by themselves with losses from underwriting the disappointing initial public offering of flag carrier Garuda Indonesia. State brokerages Bahana, Mandiri and Danareksa had to take up 3.1
      Reuters  -  129 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      269 16 WINE DINE AND HOSPITALITY 9 vO] ■m pi .St, CHEF'S FAVOURITES ALASKAN KING CRAB WITH SMOKED AVOCADO MANGO SINGAPORE CHILLI CRAB AND BLACK PEPPER CRAB CRAB BISQUE aquamarine CRABULOUS FEAST Crab lovers are in for a crabulous treat! From 27 May to 4 June 2011, AquaMarine brings you all the
      269 words
Page thumbnail Page 17
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China admits problems with Three Gorges
      411 17 It outlines plans for cleaner, safer, more sustainable future AP [SHANGHAI] China has admitted that its showcase Three Gorges Dam, the world’s largest hydroelectric project, has caused a slew of urgent environmental, geologic and economic problems. The State Council, or Cabinet, made the rare
      AP  -  411 words
    • Article
      Lock icon Delhi criticised for ending export tax break
      435 17 Govt says incentives no longer needed; manufacturers fear they will lose out Reuters [NEW DELHI] The Indian government has said that it will end a tax break for exporters because the US$250 billion sector no longer needs it, drawing stinging criticism from manufacturers.
      Reuters  -  435 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      2111 17 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg +6 AGRICULTURAL BANK OF CHINA (INCORPORATED IN THE PEOPLE'S REPUBLIC OF CHINA) MEAD OFFICE: No.69 Jianguomen Nei Avenue, Dongcheng District, Beijing *****5 PRC. Tel: (8610) 8510 9619 Fax: (8610) 8510 8557 http: //www.abchina.com SINGAPORE BRANCH: 7 Temasek Boulevard #30-01/02/03 Suntec City Tower 1,
      2,111 words
Page thumbnail Page 18
  • WORLD
    • Article, Illustration
      Lock icon Rich Americans spend while others scrimp
      749 18 Retail reports show that rising petrol, food prices have eroded spending AP [NEW YORK] High petrol prices are driving a wider wedge between the wealthy in America and everybody else. The rich are back to pre-recession splurging: Saks Fifth Avenue and Nordstrom customers are
      AP; BLOOMBERG  -  749 words
    • Article
      Lock icon IEA urges oil producers to up supply
      306 18 Reuters [PARIS] The International Energy Agency (IEA) yesterday urged oil producers to take action to protect the economy and welcomed commitments to raise output, members said in a statement at a regular two-day governing board meeting. It was an unusual move for the
      Reuters  -  306 words
    • Article, Illustration
      Lock icon Gold shines amid growing China appetite for the metal
      536 18  -  By FELDA CHAY THE gold market continued thriving in the first three months of the year, with China a heavyweight in driving up investment and jewellery demand for the precious metal. Numbers provided by the World Gold Council (WGC) show that
      BLOOMBERG  -  536 words
    • Article
      Lock icon Muted debut for Glencore in grey market
      554 18 Reuters [LONDON] Glencore made a steady market debut yesterday, with shares trading just above the widely expected launch price of 530 pence, giving the commodities trader the platform it wants to make acquisitions. Initial grey market, or conditional, trade showed the shares changing
      Reuters  -  554 words
    • Article, Illustration
      Lock icon Citigroup pays CEO US$16.7m retention bonus
      415 18 Reuters [NEW YORK] Citigroup has awarded chief executive Vikram Pandit a US$16.7 million retention bonus, plus stock options a far cry from the US$1 salary he took during part of the financial crisis. The deferred compensation package includes US$10 million in deferred stock if
      Reuters; REUTERS  -  415 words
    • Article
      Lock icon SEC seeks to reveal credit rating agencies’ methods
      636 19 Reform proposals range from conflicts of interest to transparency Reuters [WASHINGTON] Credit rating agencies would have to reveal more about how they judge financial products, and how those ratings perform over time, under proposals issued by US securities regulators on Wednesday. The
      Reuters  -  636 words
    • Article
      Lock icon New British banking regulator pledges to take tougher action
      372 19 Prudential Regulation Authority will focus on financial stability, says chief Reuters [LONDON] Britain’s new banking regulator will be tougher than its predecessor and will not shy away from publishing investigations into industry failures like that of the Royal Bank of Scotland,
      Reuters  -  372 words
    • Article
      Lock icon Existing home sales fall unexpectedly in April
      472 20 It shows industry is struggling to pick up as the economy recovers LATEST US DATA Bloomberg [WASHINGTON] Sales of existing US homes unexpectedly declined in April, indicating the industry is struggling to gain traction as the economy expands. Purchases of existing homes dropped
      Bloomberg  -  472 words
    • Article, Illustration
      Lock icon WITH FLYING COLOURS
      68 20 [LONDON] An artwork entitled ‘Colouring Book’ by US artist Jeff Koons is unveiled in the courtyard of the Royal Academy of Arts in central London. The sculpture, created with high chromium stainless steel with transparent colour coating, is one of over 1,200 works that will be displayed
      AFP  -  68 words
    • Article
      Lock icon Sands China seeks dismissal of fired CEO’s suit in Nevada
      690 20  -  By GRACE LEONG [SINGAPORE] Lawyers for a Macau subsidiary of Las Vegas Sands Corp (LVS) are asking the Nevada Supreme Court to reject a ruling by a Las Vegas judge allowing former Macau executive Steve Jacobs’ wrongful termination lawsuit to
      690 words
    • Article
      Lock icon South Korea to cut FX derivative ceilings as forecast
      353 20 Reuters [SEOUL] South Korea said yesterday that it will cut the ceiling on banks’ foreign exchange derivative positions by a fifth, as expected, and warned of possible restrictions on foreign-currency bond issuance at home. The ceilings will be cut to 200
      Reuters  -  353 words
    • Article
      Lock icon HSBC will continue Asia operations: CEO
      469 20 Reuters [HONG KONG] HSBC Holdings plc, Europe’s biggest bank, will not take the axe to its Asia operations, choosing instead to find most of the US$3.5 billion that it wants to save by trimming staff and cutting less profitable operations outside the region, its
      Reuters  -  469 words
    • Article
      Lock icon German bond losses may worsen this year
      484 20 Demand for bunds slows as Greece staves off default Bloomberg [BERLIN] German bond losses may worsen as the prospect of more European Central Bank rate increases deters investors from buying bunds while Greece is avoiding default. German 10-year bund yields are 3.1 per
      Bloomberg  -  484 words
    • Article
      Lock icon Iceland avoids credit downgrade, renews Eurobond plan
      383 20 Bloomberg [REYKJAVIK] Iceland is reviving plans to sell Eurobonds this year after avoiding a credit downgrade as the fallout of an international depositor claims dispute recedes, Finance Minister Steingrimur Sigfusson said. “This is a defensive victory and the danger of getting a credit
      Bloomberg  -  383 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      411 18 PUBLIC AUCTION On Behalf Of Singapore Customs DTZ DEBENHAM TIE LEUNG (SEA) PTE LTD Will sell by public auction 767 bottles wine, beer and other intoxicating liquors and 165 cartons containing 1962 bottles whisky Chivas Regal, Johnnie Walker Black Label, Vodka, Gin and Liqueur. AUCTION VENUE Amara Hotel, Level 3,
      411 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      28 18 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY GRAND GAMBIT i n r/ +> Chess, languages, astronomy... Viswanathan Anand is always one move ahead FROM FAT KIDS< TO FIT STARS
      28 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      2483 19 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF YUFO ELECTRONICS (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9988G NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final
      2,483 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      28 20 LOW MILEAGE! DON'T MISS! Check out this car and many other pre-owned models in CATS Classified in The Straits Times now! BUY IT• SELL IT• FIND IT ATS
      28 words
Page thumbnail Page 21
  • AVIATION/SHIPPING
    • Article
      Lock icon NOL makes 1 st investment in China terminal
      357 21  -  Its joint venture will operate a two-berth container terminal at Qingdao port By JOYCE HOOI [SINGAPORE] NOL Group will gain its first toehold in the Chinese container terminal business through a joint venture (JV) to operate a two-berth container terminal at the
      357 words
    • Article, Illustration
      Lock icon AirAsia X buys US$600m worth of aircraft engines
      362 21 Bernama [NEW YORK] AirAsia X yesterday signed a contract, worth more than US$600 million, to purchase six CF6-80E1 engines from GE Aviation, to power three new A330-200 aircraft scheduled for delivery beginning next year. The long-haul low-cost affiliate of AirAsia Bhd will
      Bernama  -  362 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 21 SGX '000 May 19 S$ +/-Vol CH Offshore 0.45 unch 42 Chuan Hup Hldg 0.24 0.01 70 Cosco Corp 2.04 -0.03 ***** CWT Ltd 1.24 -0.01 1532 Ezra Hldgs 1.57 unch 2219 First Ship Lea 0.38 -0.01 1411 Freight Links 0.06 unch 67 Grand Banks 0.46 0.02 352
      278 words
    • Article
      Lock icon Cooperate to strengthen maritime security
      274 21  -  By GEORGE JOSEPH [SINGAPORE] The Republic believes that an open, inclusive and flexible approach is necessary to meet multi-faceted maritime security challenges. And as such threats proliferate and evolve, the international community must also work closely together to innovate and find more practical solutions to
      274 words
    • Article, Illustration
      Lock icon Doubts over business aviation recovery
      487 21 Reuters [GENEVA] Business aviation plane manufacturers and specialists at the industry’s annual EBACE show voiced doubts on Wednesday that it would emerge soon from the slump brought by the 2008-09 world financial crisis. And despite hopes that East Asia and the Middle East might inject
      Reuters; REUTERS  -  487 words
    • Article
      Lock icon US seeks rudder-control changes on A300, A310 jets
      538 21 Bloomberg [WASHINGTON] Airbus SAS A300 and A310 operators in the US must modify rudder-control systems within four years to prevent excessive movements of a tail-fin part that caused an American Airlines crash in New York in 2001, the Federal Aviation Administration (FAA)
      Bloomberg  -  538 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3350 21 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
      3,350 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon Pressure mounting on US fiscal policy
      502 22 EDITORIAL EARLIER this week, US Treasury Secretary Timothy Geithner notified the US Congress that the federal government is about to reach its US$14.3 trillion debt ceiling. This was designed to increase pressure on Congress to raise the debt limit in order “to protect the
      502 words
    • Article, Illustration
      Lock icon China 2.0 – a new economic model emerges
      733 22  - China 2.0 a new economic model emerges THE BOTTOM LINE ASOKA WÖHRMANN The writer is chief investment officer with DWS Investments, the global retail asset management brand of Deutsche Bank Group CHINA’s Premier Wen Jiabao in March announced one of the country’s most ambitious Five-Year Plans. The People’s Republic is
      733 words
    • Article, Illustration
      Lock icon Deep, liquid markets essential for Asia’s growth
      987 22  -  Key to the evolution of Asia is the need to foster credit cultures built on transparency DEVEN SHARMA The writer is president, Standard Poor’s COUNTRIES across Asia have made remarkable progress in developing their corporate bond markets in recent years, driven by the
      REUTERS  -  987 words
    • Article, Illustration
      Lock icon The growing idea of a ‘Third Place’
      1285 23  -  Companies that embrace it quickly will be able to capitalise on Asia’s shift to an increased focus on service industries By FILIPPO SARTI The writer is global COO and CEO Asia-Pacific for leading workplace solutions provider Regus GONE are the days when we
      AP  -  1,285 words
    • Article, Illustration
      Lock icon Graft now a key issue in Indian polls
      789 23  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT INDIAN democracy has a tendency to surprise analysts and contestants alike. In the past decade or so, the Indian voter has matured to the point that caste and religion
      AP  -  789 words
    • Article
      Lock icon Protection of Temasek’s past reserves
      337 23  -  LETTER TO THE EDITOR Stephen Forshaw Managing Director Corporate Affairs Temasek Holdings THE new cabinet will be sworn in tomorrow, on May 21. This will mark the start of a new term of government in Singapore. Accordingly, all reserves built up by Temasek up until
      337 words
Page thumbnail Page 23
Page thumbnail Page 24
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8396 24 Transaction date: May 19 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 15.5 15 15.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 8.5 -0.5 6058 9.5 8.5 8.5 9
      8,396 words
    • Article
      Lock icon SGX CATALIST
      1555 25 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 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 164 157 165 97.3 1.5 0.5 t Advanced System 0.5
      1,555 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9835 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.39/ APS Alpha Fund (USD)!** 1.12/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.74/ Aberdeen Asset Mgt Asia Limited American Opp 0.6629/ Asian Credit Fund
      9,835 words
    • Article
      Lock icon GLOBALQUOTE
      237 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A48.5 +0.5 6 49 48.5 48.5 49.5 3.6 7.2 3.9 126.3 55 16 Genting HK US$ US41 -0.5 5922 42 41 41 41.5 2699.7
      237 words
    • Article
      Lock icon SGX ETF
      853 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112.5 10 103 123 513.5 1077 761 CIMBAsean40 100US$ US1063 +22 0 1063 1063 1055 1062 42.5 350 270 DBS
      853 words
Page thumbnail Page 25
Page thumbnail Page 26
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr May 18 Index Change Change Change Change Change Change World Index Preliminary 922.7 0.6 2.8 0.0 1.2 0.7 4.6 EAFE Preliminary 796.0 0.7 -0.6 0.2 -0.3 0.9 3.0 Europe Preliminary 1188.1 0.7
      374 words
    • Article
      Lock icon INTERBANK RATES
      178 26 May 19 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.33 0.23 3 months 0.38 0.28 6 months 0.48 0.38 9 months 0.70 0.50 12
      178 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 May 19 S$ Bid Offer 1-month 1.2390 1.2392 2-months 1.2390 1.2392 3-months 1.2390 1.2392 6-months 1.2387 1.2390 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      166 26 May 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 511.0 506.0 511.0 24 242 Jul 11 497.0 497.0 497.0 10 134 Aug 11 57 Sep 11 264 Oct 11 111 Nov 11 485.7 485.6 485.6 6
      166 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      79 26 May 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 18.08.2011 0.29 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.19 102.21 102.20 5-Year N*****0W 1.125 01.04.2016 99.99 100.05 100.05
      79 words
    • Article
      Lock icon CHICAGO BOT
      108 26 May 18 May SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1379.50 1341.00 1388.00 1340.75 Aug 11 1372.75 1336.25 1380.50 1336.25 Sep 11 1363.00 1328.25 1370.00 1329.50 Nov 11 1353.25 1320.50 1360.25 1320.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11
      108 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS May 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.92 3.24 WTI (Near Mth) 99.74 2.68 Dubai (1-Mth F) 105.73 0.02 Tapis blend 118.94 -0.29 Minas 115.34 -0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.22 -2.23 Jet Kerosene 124.50 -1.10 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2746 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1 1 4 11 4.50 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 4 1
      2,746 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 May 19 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.364 1.287 Can dollar 1.302 1.252 Euro 1.801 1.732 Sterling pound 2.04 1.962 NZ dollar 1.005 0.958 US dollar 1.256 1.208 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 May 19 Open High Sett STI May 3173 SIMSCI May 366.6 372.1 371.4 Taiwan May 317.3 320.8 313.6 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 26 May 19 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3454 3453 3455 3410 1647 ***** Jul 11 3396 3391 3396 3349 5743 ***** Aug 11 3340 3360 3367 3315 ***** ***** Sep 11 3321
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      463 26 May 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7275 0 2932 Sep11 99.6700 0 5151 Dec11 99.5750 0 1663 Mar12 99.4350 0 1578 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6800 0 1466 Dec11 99.6825 0 1957 Mar12 99.6700 0 3877 Jun12 99.6800
      463 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 May 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.926 0.748 8.278 47.924 91.063 0.871 11.565 3.224 1.345 91.116 45.955 1.319 7.372 0.939 30.715 32.225 0.660 1.065 Canada 0.969 6.713
      464 words
    • Article
      Lock icon SIBOR
      85 26 May 19 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 May 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3190 1.3196 1.0646 1.0649 Canadian dollar 1.2784 1.2791 1.0318 1.0322 Euro 1.7628 1.7633 1.4228 1.4229 NZ dollar 0.9802 0.9810 0.7911 0.7916 Sterling pound 1.9988 1.9993 1.6132 1.6134
      154 words
    • Article
      Lock icon PRECIOUS METALS
      140 26 May 19 GOLD (US$/oz) May 19 May 18 Hong Kong 1497.40 1498.00 May 17 May 18 London 1473.95 1496.54 1474.95 1497.45 So urte: Thomson Reuten CAST BAR May 19 (S$) Selling Buying Kilobar 64.084.44 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 408 299 10gm
      140 words
    • Article
      Lock icon LONDON METALS
      70 26 May 18 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2538.50 2489.50 3 months 2556.00 2501.00 Copper, Grade A (US$/tonne) Cash 9043.00 8776.50 3 months 9065.00 8799.00 Lead (US$/tonne) Cash 2450.75 2308.50 3 months 2445.00 2309.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      82 26 May 18 COCOA (£/tonne) Close Prev High/Low Jul 11 1865 1855 1873/1854 Sep 11 1892 1880 1898/1881 Dec 11 1921 1906 1927/1906 Mar 12 1943 1932 1951/1932 COFFEE (US$/tonne) Close Pev High/Low May 11 2520 2480 2520/2502 Jul 11 2531 2492 2539/2506 Sep 11 2568 2528 2573/2539 Nov 11
      82 words
Page thumbnail Page 27
  • Article
    Lock icon SHIPPING TIMES
    5535 27 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 CARIBE MAIDEN Muscat/Sharjah/Abu
    5,535 words
  • Page 27 Advertisements
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      53 28 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
Page thumbnail Page 29
  • executive lifestyle
    • Article, Illustration
      Lock icon Cocktail city, bar none
      1689 29  -  Singapore’s cocktail culture is gearing up for heady heights with bars going to great lengths to serve up special herb vodkas and even fresh fruit mixes, reports MELISSA LWEE reports MELISSA LWEE Additional reporting by DYLAN TAN BACK in May 2008, in the quiet neck of
      PHOTO-ILLUSTRATION: LUDWIG ILIO  -  1,689 words
    • CINEMA
      • Article, Illustration
        Lock icon Nifty new dimension to Super Street Fighter
        570 30  -  GAMING REVIEW By CHRISTOPHER LIM AN adaptation of an existing game might not seem ideal for showing off the strengths of a groundbreaking portable console, but Super Street Fighter IV 3D Edition succeeds in demonstrating how much better Super Street Fighter IV is
        570 words
      • Article, Illustration
        Lock icon All hands on wreck
        587 30  -  About the only thing deep and dark about the tired and threadbare Pirates franchise offered in On Stranger Tides is Johhny Depp’s eyeliner, writes GEOFFREY EU writes GEOFFREY EU CAPTAIN Jack Sparrow, that rascally rapscallion with the rapier-like wit and even sharper eyeliner is back on
        PHOTOS: DISNEY  -  587 words
      • Article, Illustration
        Lock icon Sumptuous Jane Eyre
        628 30  -  By CLARISSA TAN JANE Eyre is the movie that will probably place Cary Joji Fukunaga, already admired for his Spanish indie Sin Nombre, among the ranks of the world’s leading contemporary directors. In his latest work, Fukunaga manages to imbue the adaptation of a well-loved, 164-year-old novel
        628 words
      • Article, Illustration
        Lock icon Bubble, toil and trouble
        428 30  -  DVD REVIEW By TAN TECK HENG WITH fans of Harry Potter counting down to the eighth and final instalment of the film series (coming out in July), those in need of a quick refresher may wish to revisit part one of Harry Potter and the Deathly
        428 words
    • WINE
      • Article, Illustration
        Lock icon A wine for all seasonings
        1004 31  -  Pegau’s Chateauneuf du Pape range is the perfect complement for Asian cuisines, writes N K YONG writes N K YONG LAURENCE Feraud of Domaine du Pegau wrote me in January this year: “I am convinced the Asian food matches perfectly with Chateauneuf du Pape. Also
        FILE PHOTO  -  1,004 words
      • Article, Illustration
        Lock icon Wine list is toast of the town
        946 31  -  By ERIC ASIMOV AS exciting as it feels to pick up a wine list already well known for its great bottles, it’s even more electrifying to have few expectations and to be knocked back in goggle-eyed surprise. I suppose it was adrenaline that
        NICE MATIN, NEW YORK  -  946 words
    • ARTS
      • Article, Illustration
        Lock icon Luminaries’ voices set to music
        674 32  -  By CLARISSA TAN THE voices of Martin Luther King and Adolph Hitler, you would agree, are very different. And so were the messages they gave. But both have their own melody, their own rhythm, and it’s this innate musicality invoices–namelythe voicesoffamouspeople heard on the radio
        674 words
      • Article, Illustration
        Lock icon Fragmented whole
        503 32  -  By LYNN KAN WHEN it comes to memory in writing or the arts, Marcel Proust’s episode with the madeleine is recalled a brush with how biting into a biscuit can resurrect a flood of memories from childhood past. Local choreographer Kuik Swee Boon experiments with fragmented memory in
        503 words
      • Article, Illustration
        Lock icon Dance of bliss
        595 32  -  Nirvana is the destination of dance in Li and Sa which seeks to purify both performers and the audience, write CHEAH UI-HOON and KELLY TAY write CHEAH UI-HOON KELLY TAY TRADITIONAL Buddhist ritual, music and visuals will be combined and reinterpreted in a contemporary context as a
        595 words
      • Article, Illustration
        Lock icon A trek in time to the tumultuous 1950s
        721 32  -  By CHEAH UI-HOON IT was just a verbatim reading of a political discussion and promised to be as dry and yellow as the steno papers they were originally typed on, but the 1955 Baling Talks performance turned out not only to be
        721 words
      • Article, Illustration
        Lock icon Cusp of film and stage
        491 32  -  By NATALIE KOH THE film industry rakes in billions of dollars every year, having the ability and capacity to capture the imagination and interest of a worldwide audience. Theatre, on the other hand, only manages especially in Singapore to attract a fraction of the number
        ALOYSIUS LIM  -  491 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Catching the Hay fever
        1319 33  -  Readers of all ages and stripes will find much to engage and entertain them at the Hay festival of literature and the arts, says LK YOONG LK Yoong is a freelance writer. For more information about the festival, visit www.hayfestival.com/wales Brought to you by Ascott ‘AWOODSTOCK
        FILE PHOTO; AFP; FINN BEALES  -  1,319 words
    • ARTS/MUSIC
      • Article, Illustration
        Lock icon Where nature provides canvas
        618 34  -  By NATALIE KOH WITH the year 2011 declared as the International Year of Forests by the United Nations, even artists have jumped in to do their part in stressing the importance of conservation. For six weeks, 15 artists had bunked in at the Wallace Environmental Learning
        618 words
      • Article, Illustration
        Lock icon Warped wonders
        792 34  -  The ArtScience Museum’s Salvador Dali show frames the complex anxieties of the Surrealist artist, writes CLARISSA TAN writes CLARISSA TAN THE astonishing works of Salvador Dali are now on show at the ArtScience Museum. This exhibition is one that Surrealism fans indeed, all art lovers wouldn’t want to
        PHOTOS: I.A.R. ART RESOURCES; FILE PHOTO  -  792 words
      • AROUNDTOWN
        • Article
          Lock icon Going 'wild' for a good cause
          123 34 In Looi Siao Siang’s first solo exhibition, works celebrate animals’ “marvelous beauty” and are intended by the young artist to raise funds for other children through The Business Times School Pocket Money Fund, as well as help finance his upcoming trip to East Timor.
          123 words
        • Article, Illustration
          Lock icon Growing the art market
          334 34 International auction giant, Sotheby’s is bringing a double debut to Singapore this weekend– adedicated preview of major London sales of Impressionist Modern and Contemporary Art, and a viewing of Sotheby’s Diamonds, a unique retail offering by the auction house, for the very first time in Singapore.
          334 words
        • Article, Illustration
          Lock icon Sate your eyes and palate
          187 34  -  Compiled by NATALIE KOH, ENYA LIM Wine and dine while you feast on this two-day exhibition of a refreshing oeuvre of contemporary Chinese paintings, titled Banquet of Joy, Joy of Art (right). Xi Yan restaurant, modelled on the Hong Kong private dining concept, has decided
          187 words
      • Article, Illustration
        Lock icon Drums on a roll
        512 34  -  By NATALIE KOH WITH their casual demeanour and equally casual attire, The Drums looked like they could have been plucked out of the audience and plonked onto the stage. But once the music started, they immediately transformed into the jangly indie pop band that they’re known
        ALOYSIUS LIM  -  512 words
    • MUSIC
      • Article, Illustration
        Lock icon Issue with reissues
        792 35  -  Not all compilation outings are created equal, says CHRISTOPHER LIM CHRISTOPHER LIM MANY best-of compilations are typical examples of double-dipping making fans buy material they already own for the sake of an extra unreleased track or two, but others actually make some sense. Sade and Suede both
        AFP  -  792 words
  • Page 29 Advertisements
Page thumbnail Page 30
  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      304 30 CRYPTIC CROSSWORD Across 1 Amusing chap travelling by rail or older form of transport (5,5) 6 Northerner one’s excluded from racecourse (4) 10 Almost settle the country’s ministry (5) 11 Gather about stormy life with Master, it has its ups and downs (6,3) 12 Look over boy turning in disgrace
      304 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      77 31 1 O A T 19th 21st May il _L/ L J (Thur Sat) 100 WINE LABELS UP TO 50% OFF $20 ONWARDS Level 3 Unit 22, Shaw Centre 1 Scotts Road (S) *****8 Operating Hours: 10am 7.30pm Payment by CASH/NETS only Receive a $20 voucher for self collection* For more
      77 words
Page thumbnail Page 32
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      156 33 NOW DEFINING GLOBAL LIVING IN AUSTRALIA At Ua t X JL~ m From the spacious exclusivity and refinement of Ascott to the vibrancy of independent city-living at Citadines, or the pampering touches for the family at Somerset, there is an Ascott serviced residence designed to make you feel at home.
      156 words
Page thumbnail Page 34
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      152 35 mmm v^,. cmiratcs.com/sg A 4 r 1 M> '<V. wA*> .-■<'■**-• -i. Br i. ■;a. JKt .*<*' Bicnvenue. And 26 other warm European greetings. Fly Emirates to 27 European cities including Geneva and Copenhagen. Fly Emirates. Keep discovering. From the shores of Lake Geneva to the cobbled streets of Copenhagen
      152 words
Page thumbnail Page 36