The Business Times, 6 May 2008

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Total Pages: 31
1 31 The Business Times
  • 24 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg a Singapore press holdings publication co regn no *****2868E mica (p) 122/12/2007 Tuesday, May 6,2008
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  • 887 1  -  WINSTON CHAI High-speed Internet infrastructure to reach all homes and offices by 2015 By [SINGAPORE] The battle to land a mammoth government contract for laying Singapore's new broadband foundation has gone from a possible 10-cornered fight at the start to become a two-horse
    NG SOR LUAN/THE STRAITS TIMES  -  887 words
  • MARKETS DIGEST
    • 45 1 AST INDEX 3,248.04 (+11.94) AST INDEX FUTURES 3,250 (+32) ASIMSCI 401.52 (+0.59) ASIMSCI FUTURES 399.50 (+0.20) SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.806 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.69 INDIA 12.25 Source: Bloomberg
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    • 41 1 1COMP 1,274.61 +3.13 MKKEI 225 Closed IANG SENG 26,183.95 -57.07 ;et index Closed JAKARTA COM P 2,387.99 +45.23 IANILACOMP 2,752.93 +29.98 ;eoulcomp Closed ;henzhen b 578.52 +6.38 IUMBAI IND 17,490.90 -109.22 12NOONEDT Change 12,987.61 -70.59 )OW IAS DAI 2,469.54 -7.45
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    • 44 1 USS SS US$ (S$ ler US$) 1.360 (US$/S$ per 1.976 2.688 EURO (US$/S$/E) 1.546 2.103 YEN 105.30 77.40 RM 3.158 2.322 HK$ 7.795 5.732 BAHT 31.70 23.31 RUPIAH 9,226 6,784 RENMINBI 6.990 5.140 INDIAN RUPEE 40.56 29.83 A$ 1.064 0.782 NZ$ 1.277 0.939
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  • 587 1  -  VIKRAM KHANNA Institutions with consumer-related exposures at risk By [SINGAPORE] The subprime mortgage-related problems that have roiled the credit markets for several months are mostly over, according to Merrill Lynch CEO John Thain, but US financial institutions with large consumer-related exposures
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 44 1 SME SPOTLIGHT #Mf US ECONOMY PROPERTY TAKEOVER SAGA jf^ESffl SunVic Chemical US in'awfully pale Low interest rates not Yahoo shares gl aims high [jl J^^ recession': Greenspan likely to help housing fall sharply j j£ PAGE 11 I PAGE 13 PAGE 32 PAGE 2
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  • TOP STORIES
    • 499 2  -  PAULINE NG USs6B6m deal for MCB Bank may be completed in June By in Kuala Lumpur MALAYSIA'S Maybank plans to acquire 15 per cent of Pakistan's MCB Bank for US$6B6 million cash to accelerate its regional plans. Maybank will first buy 94.24
      499 words
    • 707 2 AP, Reuters Google-Yahoo talks begin, but any alliance could face antitrust hurdles [SAN FRANCISCO] Yahoo shares fell 17 per cent in early trading yesterday as hopes for the once-domi-nant search engine dimmed following Microsoft's withdrawal of a U5547.5 billion takeover bid. Analysts
      AP, Reuters; AP  -  707 words
    • THREE-MINUTE DIGEST
      • 74 2 THE International Cruise Terminal at Marina South will have a high-profile architectural designer from the United States. With highly prestigious projects like Dubai's The World, Dubai Maritime City and the New York City Cruise Terminal in its portfolio, US-based Bermello Ajamil Partners
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      • 80 2 THE Singapore Exchange queried Manhattan Resources and See Hup Seng yesterday as unusual trading activity occurred in the shares of both companies. The stock price of marine service provider Manhattan Resources saw a sharp spike, jumping 60.6 per cent or 30 cents yesterday to
        80 words
      • 74 2 SINGAPORE Exchange said yesterday its derivatives business could continue to grow at an annual pace of over 20 per cent as investors seek to profit from volatile markets. Chief executive Hsieh Fu Hua also said that the exchange was better placed than Hong Kong
        74 words
      • 80 2 RICKMERS Maritime seems to be riding a huge swell forward as it announced yesterday another set of good results for the first quarter. The shipping business trust posted a first-quarter revenue of U5522.33 million, 14 per cent higher than projected while net profit
        80 words
      • 66 2 PAY for various jobs across industries in Singapore has stabilised and salary ranges have broadened, a survey by executive search firm Kelly Services has found. But more job titles are being created, and senior management staff with professional and technical skills still command
        66 words
      • 89 2 FORMER Federal Reserve chairman Alan Greenspan said the US has slipped into an "awfully pale recession" and may continue to languish for the rest of the year. "We are clearly receding", with economic growth now at about zero per cent, he said.
        89 words
      • 68 2 MALAYSIA might ban taking locally grown rice out of the country in a bid to stave off fears of a shortage caused by a global food crisis, a Cabinet minister said yesterday. The measure is aimed at cracking down on shoppers from neighbouring
        68 words
      • 67 2 INDIA may have to suspend trading in more food futures as political pressure grows for action to tame inflation, Finance Minister Palaniappan Chidambaram said. "If rightly or wrongly people perceive that commodities-futures trading is contributing to a speculation-driven rise in prices,
        67 words
      • 90 2 URBAN Redevelopment Authority's Master Plan 2008 which will be exhibited soon will see changes in land use and increases in plot ratios, but these will be selective and focused on growth areas, rather than a widespread upgrade in densities, DBS Vickers Securities
        90 words
    • 697 3 Bloomberg 2,500-3,000 of them will be in investment bank, sources say [ZURICH] ÜBS AG may cut as many as 8,000 jobs as it grapples with the biggest credit writedowns of any European bank and al2 billion Swiss franc (5515.5 billion)
      Bloomberg; BLOOMBERG  -  697 words
    • 577 3  -  VINCENT WEE Top firms appointed to design and build new cruise terminal at Marina South By [SINGAPORE] The International Cruise Terminal at Marina South will have a high-profile architectural designer from the United States. With highly prestigious projects like Dubai's The World,
      577 words
  • Page 2 Advertisements
    • 523 2 Bank Risk Management Dates Banks routinely face various kinds of financial and non-financial risks in 12-13 June 2008 pursuit of a measured chance of increased reward. These risks are highly 9 00am to 5 00pm interdependent. Events that affect one area of risk can have ramifications on a range of
      523 words
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      48 words
    • 38 2 KtJfind the ones hrt U pJ THAT FIT! C q f^-^ Recruit the right people L—-^ w— through CATS Recruit. -i r| Call 1800 289 8822 or email /^^J V/~\ recruit@sph.com.sg i i J to advertise. p-- 7
      38 words

  • Page 3 Advertisements
    • 21 3 nanyang U*ga TECHNOLOGICAL UNIVERSITY Nanyang Business School Dennis Hui First-year, Accountancy Nanyang Business School Nanyang Scholar C^^^^^^^^^H Wk^^M Part-time Forex Trader
      21 words

  • NEW BROADBAND NETWORK
    • 884 4  -  KENNETH JAMES COMMENTARY By T'S early days yet, but some key pieces of Singapore's super-broadband network jigsaw are already falling into place. For a start, the first big battle of this necessarily complex process has taken on a familiar look. When the deadline
      884 words
    • 704 4  -  AMIT ROY CHOUDHURY It says users won't pay more for higher speed broadband By OPENNET, which along with the Infinity Consortium is vying to build Singapore's Next Generation National Broadband Network (Next Gen NBN), said yesterday it would complete the network rollout by
      704 words
    • 318 4  -  ONG NOON KIAT Network over 10 times faster than quickest service now By THE Next Generation National Broadband Network (Next Gen NBN) promises to deliver bandwidth-hun-gry services such as high-definition movie streaming, 3D virtual world learning, tele medicine, vid-eo-conferencing and more when it is rolled out
      318 words
  • Page 4 Advertisements
    • 42 4 2 nd Annual Risk Management Conference: Tfie Challenges of Risk Management in y^_j Volatile Financial Markets Grand Hyatt Hotel, Singapore 30^ June 2008 2nd July 2008 Organised by: Endorsed by: Sponsored by: SIN US RMT prmTa ACC l^^/ National University TKMIA nMV>.
      42 words
    • 185 4 Anatomy of Singapore's next generation broadband network Retail Service Providers (RSPs) will deliver next-generation broadband services 'VOl JM like high-definition movie streaming, 3D virtual world learning, telemedicine, l^^vl X—K videoconferencing and more. v&r High access speeds are scalable up to 1 Gbps or more. Islandwide coverage in homes, offices and
      185 words

  • COMPANY NEWS
    • 694 5  -  R SIVANITHY ONE of the most glaring omissions in investmenttype advertising material and stockbroking reports is a proper risk assessment to accompany the potential returns on offer. Why is this so? Investing is, after all, a two-dimensional affair that involves balancing risk
      694 words
    • 327 5  -  EMILYN YAP Bloomberg Manhattan shares soar; See Hup Seng volume surges By THE Singapore Exchange (SGX) queried Manhattan Resources and See Hup Seng yesterday as unusual trading activity occurred in the shares of both companies. The stock price of marine service provider Manhattan Resources saw
      Bloomberg  -  327 words
    • 325 5 5-year extension to 2014; plans to grow franchise in region FASHION retailing group FJ Benjamin Holdings' retail licence and distribution agreements with Guess? Inc, which will expire at the end of next year, have been renewed for a further five years. The new agreements,
      FILE PHOTO  -  325 words
    • SINGAPORE MARKETS
      • 617 6  -  R SIVANITHY STOCKS Players now more willing to buy the dips when it comes to blue chips INSTEAD of "sell in May and go away", it looks like "trade in May and stay in play" might aptly describe the preferred approach towards equities
        : Bloomberg  -  617 words
      • 103 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 3 4 0 0 0 10 3 4 lanufacturini 88 58 54 11 16 99 63 70 Commerce 26 24 18 32 31 21 'pt/Stor/Comms 21 11 22 13 :inance 17 10 17 11 Construction
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      • 118 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 18,009 18,009 95,461 95,461 lanufacturing 412,062 35,327 447,389 341,702 3,875 345,576 lommerce 56,090 5,678 61,768 70,518 956 71,474 'pt/Stor/Comms 80,473 1,208 81,681 221,233 339 221,572 :i nance 40,492 10 40,502 425,187 425,189 lonstruction 47,010 58,905 105,915 11,250 18,087 29,337
        118 words
      • 107 6 lapitaLand 7.060 -0.030 lapitaMall 3.750 +0.130 jtyDev 12.340 -0.160 losco Corp 3.340 -0.030 IBS Grp 20.400 +0.160 :&N 4.940 Sent Intl 0.600 -0.010 IK Land 4.900 +0.100 ISH 17.780 +0.100 lardineC&C 17.000 -0.120 Ceppel Corp 10.540 +0.020 Ceppel Land 6.020 +0.020 IOL 3.600 +0.200 loble Grp
        107 words
      • 415 6  -  CHOW PENN NEE Property Sector DBS Group Research, May 5 MASTER Plan 2008 preview: The Master Plan, to be exhibited in its draft form in late May this year as part of a review every five years, is the statutory land use plan aimed to assist in guiding
        415 words
      • 292 6  -  KEN TAI CHEE MING, CHART POINT THE Straits Times Index (STI) managed to crack the 3,236 resistance last Friday, after dipping to a mid-week low of 3,147 on concerns over potential weakness in the US economic data. This is the third consecutive week that the
        292 words
      • Article, Illustration
        4 6 Source: J Reuters
        J : Reuters  -  4 words
      • 503 6  -  LARRY WEE THE US dollar rebounded to highs not seen in at least a month or more against some of its main European counterparts last Friday, following another session of stronger-than-ex-pected US data. Traders reported that the Australian dollar also made a more than
        503 words
      • 4 6 DAILY
        4 words
      • 56 6 May 5 VALUE CLOSE 520.00+110. C IT OB/OS IT CADI -*****.00 +73. IT 10-day MA -*****.00+52.0i TSE ST Mid Cap 823.63 +1.3 TSE ST Small Cap 681.52 +5.4. TSE ST All Share 827.79 +3.1 TSE ST China 492.95 -1.1 IOB Catalist 151.27 +0.4! IMSCI 401.52 +0.5 IMSCI
        56 words
      • 57 6 Clob VOLUME See Hup Seng 50,757,000 Yanqzijianq 41,423,000 CoscoCorpDßeCWoBo929 41,393,000 China Honqxinq 38,371,000 CoscoCorpMßl_eCWoBloo2 29,653,000 ChinaEnerqy 28,855,000 Golden Agri 28,272,000 Li Henq 26,552,000 UniFiber 25,056,000 CoscoCorpMEßeCWoBo9lB 24,981,000 VALUE(S) DBS Grp 166,965,940 SGX 107,712,448 UOB 88,097,909 Sing Tel 70,615,607 Keppel Corp 60,548,180 Cosco Corp 55,312,140 Capita Land 49,027,974
        * Clob  -  57 words
      • 107 6 CLOSE UP LD 10US$ 8536 103.3 0.9 lanhattan Res 79.5 30.0 60.' IGX MBL JCW*****3 423 22.0 5. ICBC BkMBLiCW*****0 331 21.0 6.: iMT 1900 20.0 1.1 iBS Bk6% NCPS 10 ***** 20.0 0., IOL 360 20.0 5: iood| W*****6 54 18.0 50.' "otal Access 160 17.7 8.: iBS
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      • 112 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE DOWN IMH 3210-116.9 -2.6 Venture Cor| 1118 -52.0 -4.. ;GXMBLePW*****8 94.5 -22.5 -19., China H 10US$ 1880 -20.4 -O.i At 1234 -16.0 -1.: lardine C&C 1700 -12.0 -0. iCBCCai :.93%Pref10 ***** -10.0 -0.1 'inomem Tech 68
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      • 82 6 May 5 CHNG CIOSE FRMay2 YR SSIOW R2008 S$ HIGH USS 1.3600 0.22 1.4542 1.3457 Euro 2.1050 0.25 2.2064 2.0474 Pounds 2.6840 0.92 2.8431 2.6568 1.2803 -0.70 1.3235 1.2349 'en* 1.2919 0.77 1.4484 1.2832 Rupiah* 0.***** 0.11 0.0155 0.***** Baht* 4.2929 0.13 4.4299 4.2620 Peso* 3.2250
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    • 710 8 Reuters The exchange plans to launch a new futures contract for 50 Asian stocks excluding Japan, as well as a substantial number of single-stock derivatives on Singapore-listed firms in 2008, says SGX chief executive Hsieh Fu Hua. Growth of over 20% a year in
      Reuters; REUTERS  -  710 words
    • 439 8  -  KALPANA RASHIWALA But number of free-float units more than doubles By K-REIT Asia's free float of units will fall to 24.9 per cent from 27.1 per cent following the subscription by the Keppel Group for rights units not taken up by minority
      439 words
    • 515 9  -  VINCENT WEE Unitholders okay acquisition of another contracted fleet of 13 ships By RICKMERS Maritime seems to be riding a huge swell forward as it yesterday announced another set of good results for the first quarter. The shipping business trust posted a first-quarter
      FILE PHOTO  -  515 words
    • 290 9  -  NISHA RAMCHANDANI By DATA storage service provider MAP Technology Holdings has signed a $26.3 million deal with electronics contract manufacturer Jurong Technologies Industrial Corporation (JTIC) to buy the latter's plastic injection moulding operations in Singapore, Malaysia and China. MAP Tech will issue
      290 words
    • COMPANY BRIEFS
      • 81 9 UMS Holdings' lead independent director Lim How Teck has resigned. "The turnover of key management staff and the pace of internal control improvements have impacted my ability to discharge my duties as the lead independent director," he was quoted as saying in an UMS annoucement.
        81 words
      • 43 9 CNA Group said its 49.9 per cent-owned associate China Water Holdings has secured 12 new wastewater treatment projects in the last eight months, propelling its unit's order book to 348 million yuan (5567.7 million) as at March 31.
        43 words
      • 34 9 HARTFORD Education Corp's net profit for the third quarter ended March 31, 2008, rose 111 per cent to $744,300, while revenue climbed 25 per cent to $2.99 million.
        34 words
      • 39 9 PENTON International said Singapore Exchange (SGX) has given it a final extension until Sept 30 to complete a reverse takover deal. It has to convince SGX on "major milestones" to meet the deadline.
        39 words
      • 45 9 THAKRAL Corp's revenue for the first quarter ended March 31, 2008, rose 85 per cent to $88.9 million. However, it suffered a net loss attributable to shareholders of $535,000 versus a net profit of $217,000 a year ago.
        45 words
      • 35 9 SINGAPORE Exchange Limited (SGX) yesterday appointed its listing head, Lawrence Wong; chief of human resources, X A Chang; and head of development, Chew Sutat, to the exchange's executive committee.
        35 words
    • 123 9 Q1 results ended March 2008 Notes: Net profit refers to profit attributable to equity holders. Net profit includes profit from a discontinued operation. Trust Reits: Net profit is income available for distribution and turnover is gross revenue. Rickmers: No comparative consolidated income statement has been presented as
      123 words
  • Page 5 Advertisements
    • 171 5 ■HHHRBHHB! IsHh&J mSSSSM Hiteß I k:;l BHS|M(Jkserv^^ KHJiMMiMIM XJftuirt LJmcewww.servcorp.com.sg IlaKill I Everything but the office I From $90* per month! A k No set up fees, no security deposit, month to month flexibility Prestigious address for your business cards and letterhead Access to over 300 boardrooms and meeting rooms,
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  • Page 7 Advertisements
    • 516 7 Consistently winning praise I and recognition for our funds I The Edge-Lipper Singapore Fund Awards 2008 Lion Capital Management Limited Best Fund Group over 3 years (Mixed Assets Group) Lion Capital Singapore/ Malaysia Fund Best Fund over 3 years (Equity Singapore and Malaysia) Best Fund over 5 years (Equity Singapore
      516 words

  • Page 8 Advertisements
    • 1223 8 /^V Get y°ur Rabobank Warrant IO (fy Highlights daily via email. %r Visit www.rabowarrants.com.sg or 4l*l*y^^*h* mft <s>y/ emailwarrants@rabobank.com UOB RB ECWOBII2B (FSIW) FIRST RESOURCES RB ECWOBOBOB (FA2W) UNITED OVERSEAS BANK LTD Call FIRST RESOURCES LTD Call Exercise Price 5521.00 Exercise Price 550.98 L Expiry Date 28 November 2008 Ratio
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  • Page 9 Advertisements
    • 534 9 It's not just our investors who have recognised our success. In addition to our six accolades at The Edge-Lipper Singapore Fund Awards 2008, we received yet another accolade at the Morningstar Singapore Fund Awards 2007. It's a result of our experienced team committed to in-depth research and making sound investment
      534 words

  • SINGAPORE NEWS
    • 489 10  -  t CHUANG PECK MING Senior managers with specialised skills still command higher starting pay By PAY for various jobs across industries in Singapore has stabilised and salary ranges have broadened, a survey by executive search firm Kelly Services has found. But more job
      489 words
    • 541 10  -  LEE U-WEN By IT is unrealistic to expect companies here to give jobs only to locals for the simple reason that there aren't enough of them to fill the vacancies, a human resource chief said yesterday. Singapore Human Resources Institute (SHRI) president Ho
      FILE PHOTO  -  541 words
    • 530 10  - KhattarWong plans merger with Hee Theng Fong Co CHEN HUIFEN By LAW firms KhattarWong and Hee Theng Fong Co are looking to merge most likely by June to ride the growth of the Chinese dragon. And after the merger, KhattarWong aims to set up a second China branch office in
      530 words
    • SINGAPORE ROUNDUP
      • 73 10 KENSON Kwok, founding director of the Asian Civilisations Museum (ACM) since 1994, will retire at the end of this year, after which the National Heritage Board intends to appoint him as director emeritus. As ACM director, Dr Kwok facilitated cash and artefact donations worth over
        73 words
      • 55 10 APMI Kaplan will collaborate with University Canada West (UCW) to offer a full-time Master of Business Administration (MBA) programme which will not require students to have prior working experience. Instead, students will undergo a week-long residency stint. The year-long MBA conducted at Kaplan's city
        55 words
      • 84 10 Deputy Prime Minister and Minister for Home Affairs Wong Kan Seng yesterday launched a new emergency short messaging service (SMS) helpline, SMS *****, for speech and hearing-impaired communities. Similar to the 999 hotline, SMS ***** allows persons with hearing and/or speech impairment registered with five
        84 words
    • 495 10  -  RONNIE LIM Cites country's IT and port capacity, stability, location By GERMANY'S Lanxess which is investing 400 million euros (SsB4s million) in a mega chemicals plant on Jurong Island is relocating its Asian marketing headquarters for leather chemicals, including key personnel, from Hong
      495 words
    • 244 10 THE purchasing managers' index (PMI) has posted another monthly contraction, with an April reading of 49.3 a 0.1-point dip from March. What is supposed to be a manufacturing barometer appears, however, to run counter to the official industrial production index (IPI) unless, of
      244 words
    • 305 10  -  ARTHUR SIM By TWO freehold industrial sites at 18 Howard Road and 27 New Industrial Road, in the north-eastern part of Singapore are for sale by tender at indicative prices of $30 million ($272 per sq ft per plot ratio) and
      305 words
    • 302 10 MORE singles in Singapore intend to marry, and more married couples are seeking to have two or three children, according to the Marriage and Parenthood (M&P) Study commissioned by the Ministry of Community Development, Youth and Sports. The survey, completed last
      302 words
  • Page 10 Advertisements
    • 605 10 IN THE MATTER OF THE COMPANIES ACT CAP 50 THE COMPANIES ACT, CAP.SO INTERNATIONAL TECHNICAL SERVICES AND PTE LTD IN THE MATTER OF (REG. NO: *****0838N) HUANG PROCUREMENT PTE. LTD. (In Members' Voluntary Liquidation) (INCORPORATED IN SINGAPORE) At a general meeting of the company convened COMPANY REGISTRATION NUMBER: and held
      605 words

  • SME SPOTLIGHT
    • 837 11 The company is now the largest producer of acrylic acid and acrylate esters in China and controls 20 per cent of the domestic market, its CEO tells OH BOON PING SUNVIC Chemical Holdings aims to hit a net profit of 300 million yuan
      THEN CHIH WEY/LIANHE ZAOBAO  -  837 words
    • 494 11  -  NISHA RAMCHANDANI PRO-ENTERPRISE CHANGES By LOCAL indoor tanning salon operator, Sun Tanning Studio Pte Ltd, used to fork out an annual fee for a massage licence even though its services were restricted to tanning alone. Under the Massage Establishments (ME) Act, this translated to
      494 words
    • 576 12 IT MATTERS Businesses which learn to tap infocomm can take advantage of new market opportunities BUSINESSES in Singapore are learning to tap infocomm to transform their processes and gear themselves up to take advantage of new market opportunities. An example is real
      NG SOR LUAN/THE STRAITS TIMES  -  576 words
    • 58 12 The Technology Innovation Programme (TIP) supports SMEs in infocomm innovation projects and helps to defray up to 50 per cent of the qualifying cost. TIP can also defray up to 70 per cent of the qualifying cost for industry-wide projects. Find out more about IDA's
      58 words
    • 279 12  -  VINCENT WEE Delegates hope to network, check out latest technologies By A HIGH-POWERED group of 21 executives from 14 small and medium-sized enterprises (SMEs) in the offshore and marine industry headed for Houston on Sunday as part of Singapore's largest delegation to
      279 words
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  • Page 12 Advertisements
    • 543 12 _^7_[find the ones bjT U,J THAT FIT! H rs^y Recruit the right people I 3 I _J through CATS Recruit. 4 fn Call 1800 289 8822 or email V/-> V V^^\recruit@sph.com.sg V J J to advertise. p^ Ul^ JTSI One Idea Can Change Your World lUrbSlTfOrUmi One Idea Can Change
      543 words

  • ECONOMY WATCH
    • 594 13 Bloomberg US RECESSION Continued stagnation this year may be the best the US can hope for [WASHINGTON] Former Federal Reserve chairman Alan Greenspan said the US has slipped into an "awfully pale recession" and may continue to languish for the rest of
      Bloomberg; BLOOMBERG  -  594 words
    • 466 13 Reuters Housing woes seen hurting bank results for a couple of years [OMAHA, Nebraska] Warren Buffett, the world's richest person, said on Sunday that the US economy is in recession, putting him at odds with a government report that showed weak growth. Mr Buffett
      Reuters  -  466 words
    • 409 13 Reuters [BASEL] Food price inflation may be one of the most serious problems facing the world, but one that monetary policy has little power to tackle, central bankers said yesterday. With the price of food rising by more than 40 per
      Reuters  -  409 words
  • Page 13 Advertisements
    • 188 13 Qal^* 10 -fe^^W M Washington, D.C. Tl :v Singapore Tokyo li^B! li^fflS Tokyo Singapore Morning Flight H|j|y^y|j||j|^ Night Flight Flight No Dep Ait Flight No City Dep Arr Flight No City Dep Arr Flight No Dep Arr NHB San Francisco 17:10 10:30 NH7 San Francisco 12:10 15:10+1 NHII2 08:20 16:20
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  • MALAYSIA
    • 648 14  -  SJAYASANKARAN But undoubted star of fast-expanding blogosphere is former PM Mahathir By in Kuala Lumpur SINCE the general election of March 8 and Prime Minister Abdullah Ahmad Badawi's open admission that "we (the ruling National Front) lost the cyber war", Web logs
      REUTERS  -  648 words
    • 332 14 Reuters Bank gets approval for Shanghai office, looks to open one in India [KUALA LUMPUR] Malaysia's second-largest lender, Bumiputra-Commerce Holdings, wants to sell RMI.S billion (***** million) of bad loans, its chief executive said yesterday. "We are now reviewing bids from various potential
      Reuters  -  332 words
    • 142 14 Reuters [KOLKATA] Malaysia's top mobile phone firm, Maxis Communications, plans to invest US$4-5 billion by 2009/10 to expand its network in India, its chief executive said yesterday. "We plan to beef up our presence pan-India in the next two years," Sandip
      Reuters  -  142 words
    • 488 14 Bernama [KUALA LUMPUR] Now that Malaysia Airlines (MAS) is offering low-cost fares, the time has come for the entire aviation industry in Malaysia to be fully liberalised. In making the call, Air sia Bhd's group chief executive officer Tony Fernandes said yesterday that the
      Bernama  -  488 words
    • 408 15 -AP Measure aimed at S'poreans and Thais who cross over to buy cheaper rice [KUALA LUMPUR] Malaysia might ban taking locally grown rice out of the country in a bid to stave off fears of a shortage caused by a global food crisis,
      -AP; AFP  -  408 words
    • 306 15 -AP [KUALA LUMPUR] Malaysia's government promised yesterday not to deter foreign investments in the five states it lost to an opposition alliance in recent elections. Opposition lawmakers have feared that after March's landmark polls, the National Front ruling coalition might
      -AP  -  306 words
    • 214 15 -Reuters [KUALA LUMPUR] Malaysia's home ministry yesterday rejected a proposal to impose restrictions on women travelling overseas on their own following an outcry from women's groups. Home (Interior) Minister Syed Hamid Albar said that his ministry could not impose conditions requiring women
      -Reuters  -  214 words
    • 231 15 Xinhua [KUALA LUMPUR] Indian businesses have merely scratched the surface in terms of investment opportunities in Malaysia, said Ashok X Kantha, Indian High Commissioner in Malaysia, local media reported yesterday. "Indians have set up about 100 companies in Malaysia compared with 3,000 in
      Xinhua  -  231 words
  • Page 14 Advertisements
    • 2406 14 I"^^ {~y MwsLa\ Registered Office: Amstelveenseweg 500 I^LI I -w- JgSKia 1081 XL Amsterdam A. SSmfimZMS The Netherlands CONSOLIDATED BALANCE SHEET OF ING BANK AS CONSOLIDATED PROFIT AND LOSS ACCOUNT OF AT 31 DECEMBER ING BANK FOR THE YEARS ENDED 31 DECEMBER BEFORE PROFIT APPROPRIATION 2007 2006 (in millions of
      2,406 words

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      314 words

  • Page 16 Advertisements
    • 52 16 Developed by: In Partnership with: Marketing Agents: 1^ VI I I i I Far East Organization q^OCBCBank Far East Retail Consultancy Pte Ltd p^ k pS i| orcLLCLrcLConircLL Tei +********** Tei +*****2333 I"" 1" X iiK* www.orchardcentral-oc.com.sg 400 Stores. Duplex Spaces. Discovery Walk. The Jewel Box. Rooftop Dining. New Rules.
      52 words

  • GREATER CHINA
    • 242 17 AP [TAIPEI] Taiwan's vice-pre-mier quit the ruling party yesterday to take responsibility for a diplomatic bungle that cost the government millions of dollars. Chiou I-jen's announcement came three days after he acknowledged arranging for the Foreign Ministry to transfer US$29.B million to a
      AP  -  242 words
    • 157 17 -AP [BEIJING] Authorities have reported more than 6,300 cases in a deadly viral outbreak and yesterday raised the death toll to 26 children. The latest fatality was in coastal Zhejiang province. The provincial Health Ministry's website said that in addition to the one
      -AP  -  157 words
    • 400 17 Reuters 200 people march for two hours to express opposition [BEIJING] About 200 people staged a rare protest in a city in south-west China against the construction of a major petrochemical complex, saying it would lead to serious air and water pollution, local
      Reuters; AP  -  400 words
    • 565 17 AP But Tibet protests have impeded communication, Beijing tells envoys [SHENZHEN] Chinese officials and envoys of the Dalai Lama have agreed to a second round of talks, China's state-run news agency said yesterday, in an apparent sign of progress in easing
      AP  -  565 words
    • 2227 17 VOL C000) May 5 RM ASM Realty 0.60 AbricBhd 0.20 Advance Synergy 0.12 Adventa Bhd 1.31 AeMultiHIdgs 0.22 Affin Holdings 2.05 Ahmad Zaki Resou 0.99 AicCorp 0.51 Airasia Bhd 1.23 Akn Technology 0.52 Alliance Financi 3.04 Aluminium Co 1.03 Amalgamated Ind 0.45 Ammb Hldgs Bhd 3.84 Amtel Holdings
      2,227 words
  • Page 17 Advertisements
    • 157 17 'Q -t'l ■<■■■ ;■>:•;' ■'■'l>"2 kt: V '^H Global giant to start f s§!| water R&D centre h 1 pHHH s^^^l w^ L \bur Link To The 5' I QrnAct I ~""l^^^»-^^^^ TheNewSRAVIAV-Stwies. L TV T l^lllo clP^ J- &-:f^ r Arcnive Q i E» vr Access specific news dippings
      157 words

  • INDIA
    • 239 18 -AFP [MADRID] India must boost infrastructure spending and reform its labour market as China has done if it wants its economy to grow as fast as that of its Asian neighbour, participants at the Asian Development Bank's annual meeting in Spain
      -AFP  -  239 words
    • 669 18 Bloomberg Govt facing pressure to suspend futures trading in some more commodities [MADRID] India may have to suspend trading in more food futures as political pressure grows for action to tame inflation, Finance Minister Palaniappan Chidambaram said. "If rightly or wrongly
      Bloomberg; AFP  -  669 words
    • 437 18  -  SIDDHARTH SRIVASTAVA By in New Delhi INDIA has overtaken the United States to become the second largest wireless network in the world after China. According to the official Telecom Regulatory Authority of India (TRAI), the total number of Indian wireless subscribers crossed
      437 words
    • 533 18 Reuters Minister calls it cruel joke; BJP urges govt to give strong reply [NEW DELHI] A remark by US President George W Bush saying that India was partly responsible for rising global food prices has sparked a nationalistic storm across the political spectrum,
      – Reuters  -  533 words
    • 133 18 [NEW DELHI] India's industry body CII is setting up a task force to chalk out measures for increasing agricultural production and improving distribution network to tackle rising food prices, the Press Trust of India reported. "The entire issue of food prices needs to be seen
      133 words
  • Page 18 Advertisements
    • 18 18 Lianhe Zaobao I China's richest F&B entrepreneur Pan Wei makes HKs4lom from sale acquisition of LgMiisenßamen lfllmtoMi^ii!i I.ilt!Hr!fAA^ttJ
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    • 252 18 DISCOVER SECRETS HOW ORDINARY PEOPLE WITH NO EXPERIENCE EARN $10,000 MOHTHiY Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! No need to quit your job. MONEY BACK GUARANTEE* to make sure you succeed. jfc^ftvty I AA u AUhZ uJn ™c l/%"7 earnedl 0k "EamngSlOfiOo] W^alSHS*
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    • 177 18 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      177 words

  • ASIA-PACIFIC/WORLD
    • 422 19 Reuters Legislative fixes too complicated to be drawn up before House recess [WASHINGTON] The current US mortgage crisis has exposed the need for financial reform, but there is no time for legislative fixes this year, a leading member of the US House
      – Reuters  -  422 words
    • 316 19 Reuters [NEW YORK] Prosecutors in the Eastern District of New York in Brooklyn are stepping up their scrutiny of players in the sub-prime-mortgage crisis, focusing on Wall Street firms and mortgage lenders, the Wall Street Journal said on its website on Sunday. A
      – Reuters  -  316 words
    • 465 19 Bloomberg Cost of USssb loan rose after property unit's bond sale [DUBAI] Dubai World, the state-owned investment group, will offer higher rates when it meets with banks in London, Dubai and Singapore to refinance a US$5 billion loan it got to buy a stake
      Bloomberg  -  465 words
    • 8178 19 UNIT TRUSTS FUNDS UNIT TRUSTS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.932/ Star Europe Bond 1.174/ Star Europe Bal 1.154/ Star Asian Tiger Eqty 1.402/ Star Asia Bond 1.182/ Star Asia Balanced 0.967/ Star Global Technology Fund!" 0.198/ MultiStFd 0.815/ Star Asia Bond(USD) 0.866/ Gib Multi St USD
      8,178 words
    • 280 20  -  CHEW XIANG Homegrown companies can invest in its housing and port infrastructure, tourism By in Tripoli SINGAPORE companies can help Libya develop a tourism and hospitality industry, housing and port infrastructure, Senior Minister Goh Chok Tong said yesterday. Mr Goh was speaking
      CHUNG KUN SOON/LIANHE ZAOBAO  -  280 words
    • 405 20 Reuters [WASHINGTON] Democratic presidential candidate Hillary Clinton on Sunday dismissed the "elite opinion" of economists who criticised her gas tax proposal, using a term that has dogged rival Barack Obama in recent weeks. Mr Obama, meanwhile, accused the New York senator of pandering
      – Reuters  -  405 words
    • 420 20  -  Sue Has/am WE know that you are all sitting there saying What in the name of Neptune are they doing? (Or words to that effect) patience my dears, patience and all will become apparent or would do, but apparently the wind (apparent or otherwise) is not
      Clipper Ventures  -  420 words
    • 393 20  -  ANTHONY ROWLEY By in Madrid THE Asian Development Bank is examining the idea of establishing a new "dedicated infrastructure financing facility" that would mobilise public and private sector funds behind the massive task of financing some US$3OO billion a year of needed
      393 words
    • 420 20 AP, Bloomberg Figure up from original count of 351, may hit 10,000 [YANGON] Myanmar's foreign minister says the death toll from the cyclone that ripped through the country could reach 10,000. Foreign diplomats said Foreign Minister Nyan Win acknowledged the possibility of the high casualty figure
      AP, Bloomberg  -  420 words
    • 286 20  -  QUAH CHIN CHIN By [SINGAPORE] Dengue control and prevention in the Asia-Pacific will soon get a boost. Health officials and researchers from 22 World Health Organisation (WHO) member countries are in Singapore to finalise a blueprint to combat the disease. Issues to be
      286 words

  • Page 20 Advertisements
    • 37 20 ill Jbfd mm < r~« mm HP ?i£m*m ""^SS Find of the day: 5 out of 10 illiterate <^ BEDDEDbIISS UNCOVER THE LATEST IN MATTRESSES AND BEDDINGS. Dive into the amazing ilim Blbßj fj^ strange and marvellous sPHmagazines reCl
      37 words

  • AVIATION
    • 386 21 Half of respondents think profitability fell, 61% expect worse over next 12 months [SINGAPORE] Confidence in the airline industry dived in the first quarter of the year, according to a survey by the International Air Transport Association (lata). And for the first
      386 words
    • 206 21 AFP [BERLIN] Franco-German aircraft maker Airbus has written to clients warning them of more possible delays in deliveries of its A3BO superjumbo, a German magazine report said on Sunday. The company will "nearly" manage to deliver 13 of the aircraft this year as planned,
      AFP  -  206 words
    • 267 21 Bernama, Bloomberg [PETALING JAVA] Malaysia Airlines (MAS) has no plan to introduce its "Everyday Low Fares" campaign outside the Asean region, managing director and chief executive officer Idris Jala said yesterday. "We have no intention to do that. If you look at
      Bernama, Bloomberg  -  267 words
    • 359 21 Bernama, Xinhua [JAKARTA] Despite a significant growth in the number of Indonesian airline passengers in the first quarter, the full-year outlook remains gloomy due to rising fuel prices, the industry association said yesterday. The Central Statistics Agency (BPS) has reported that the
      Bernama, Xinhua  -  359 words
    • 336 21 Bloomberg [HONG KONG] China Southern Airlines Co, Air China Ltd and China Eastern Airlines Corp, the nation's big three carriers, all surged by the daily limit in Shanghai trading as falling jet fuel prices spurred optimism about airlines' profit. China Southern, the
      Bloomberg  -  336 words
    • 2425 21 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,425 words
  • Page 21 Advertisements
    • 142 21 BT/ZUJI Deals of the Week M^mmm^' mt .li4/m t1 mTM BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from Bangkok $489 $135 $73 Thai Airways Thai Airways DESTINATION BUSINESS CLASS (from ECONOMY CLASS (from HOTEL (from WEATHER Manila $988 Philippine Airlines $198 Philippine Airlines $116 "f^ Rain Delhi $1,355 Thai Airways
      142 words
  • Page 21 Miscellaneous
    • 334 21 CRYPTIC CROSSWORD ACROSS I Friar had little hesitation in 2 S 6 MU H ij^i^i^i^H M H H 4 Boasts about pub using le- __HB__HH__^B^^H^H__HB__BH__HH__ vers (8) 9 H^" 9 Gunners fire them; coppers mm them i^i^i^i^^ H 10 Could its shadow be about 11 ij^B^-^^ 45 inches? (8) J
      334 words

  • SHIPPING
    • 554 22 o Bloomberg Govt to increase investment in rolling stock, avoid subsidy for rail service [WELLINGTON] New Zealand's government agreed to buy the nation's rail and ferry services from Toll Holdings Ltd for NZ$665 million (*****.4 million), allowing upgrades to go ahead.
      ./ — o Bloomberg; BLOOMBERG  -  554 words
    • 118 22 Reuters [HONG KONG] Hong Kong bulk and tanker shipping company Wah Kwong Shipping Holdings Ltd kicked off pre-marketing for its US$2OO million Hong Kong initial public offering yesterday, sources with knowledge of the deal said. The company, which was established in 1952 by Chao
      – Reuters  -  118 words
    • 286 22  -  ALEC ALMAZAN By in Manila SOUTH Korean shipbuilder Hanjin Heavy Industries has threatened to walk away from a US$2 billion shipyard project in the Philippines. "Hanjin Mindanao's team for the shipyard project on the Phividec Industrial Estate will withdraw, effective April 29, 2008,"
      286 words
    • TRANSPORT STOCKS
      • 101 22 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.63 0.37 3.34 0.78 2.45 1.10 0.07 0.89 1.41
        101 words
      • 31 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.84 9.45 9.20 4.24 3.22 0.21 -0.03 -0.05 0.05 -0.06 0.10 -0.04 179 131 1375 1040 21 64
        31 words
      • 7 22 ■oo ■recious Ship .24.90 0.50 137!
        7 words
      • 11 22 '000 Doil iingamas Cont .51.50 ...2.37 4.80 0.07 3192 2708
        11 words
      • 17 22 '000 Aboitiz Equity Intl Container Keppel Marine 6.60 31.00 2.50 0.10 0.50 unch 2( 92i 581
        17 words
      • 22 22 Evergreen Marine ....27.80 :irst Steamship 84.50 /Van Hai Lines 26.80 r"ang Ming Marine...23.20 -0.30 0.50 -0.30 0.10 20 3 5 11
        22 words
      • 39 22 '000 (awasaki Hvy Ind ..260.00 (awasaki Kisen ...1080.00 Mitsubishi Hvy 474.00 vlitsuiEng&Sbldg... 336.00 vlitsuiOsk Lines ...1439.00 Nippon Express 574.00 Nippon Yusen 1046.00 'iource: Reuters 2.00 ***** 9.00 5226 8.00 ***** 7.00 7366 2.00 5676 -2.00 2042 19.00 5531
        39 words
    • 255 22 -AP Passengers safe; rescuers try to free ship from sand bank [RIGA, Latvia] A cruise ship with 984 people on board ran aground early on Sunday in the Baltic Sea, off the north-west coast of Latvia, the coast guard
      -AP; REUTERS  -  255 words
    • 190 22 AP [SAO PAULO, Brazil] A boat ferrying more than 100 people home from a party sank in Brazil's Amazon region before dawn on Sunday, killing at least 12 and leaving dozens missing, rescue officials said. The Comandante Sales capsized and swiftly sank in
      AP  -  190 words
    • 222 22 Bloomberg [SHANGHAI] China's first locally built liquefied natural gas (LNG) tanker has completed its maiden voyage transporting the fuel from Australia to southern China's Guangdong province. Guangdong Dapeng LNG Co, China's only LNG importer, received its first cargo from the Dapeng Sun
      Bloomberg  -  222 words
  • Page 22 Advertisements
    • 144 22 Viewing in Singapore Auctions in Hong Kong Christie's Singapore I 10-11 May 24-29 May 501 Orchard Road I John Jacob Ballroom Convention Hall (Old Wing) #19-03 Wheelock Place St Regis Singapore Hong Kong Convention Singapore *****0 29 Tanglin Road Exhibition Centre Singapore *****1 No. 1 Harbour Road christies.com Wanchai, Hong
      144 words

  • EDITORIAL & OPINION
    • 469 23 SINGAPORE Airlines (SIA) will launch its first all-busi-ness-class direct flights to New York and Los Angeles later this month. The move, which comes in response to what SIA says has been strong demand, will see the airline reconfiguring its five A 340-500
      469 words
    • 1303 23  -  LEON HADAR Clinton, Obama now portray themselves as protectionists and China bashers THE recognition that American businesses had cut fewer jobs (20,000) than expected (about 90,000) in April and the perception that the US central bank seemed to be containing the threat of a
      AFP  -  1,303 words
    • 776 23  -  ANTHONY ROWLEY THE BOTTOM LINE AT THE Asian Development Bank annual meeting that is now on in Madrid, finance ministers from the Asean+3 countries have agreed to pool at least US$BO billion in foreign reserves to create something resembling an Asian Monetary Fund.
      776 words
    • 1332 24  -  JEFFREY TEONG GRAHAME WRIGHT This can be a very effective method of addressing the income tax element of compensation for employees on international assignment By and m HENcompaU nies send their employees on temporary overseas postings, the issue of taxes inevitably arises. Small companies
      LUDWIG ILIO  -  1,332 words
    • LETTERS TO THE EDITOR
    • 158 24  -  NEPTUNE Orient Lines (NOL), which recently announced another year of healthy earnings, has a chance to make history. In its 40 years of existence, it has never had a female on its board of directors. When queried, NOL states its director appointments
      158 words


  • SINGAPORE STOCKS
    • 7596 25 Hit Low Code Com[ >an] Sale ('000) Mi ■ow Bu] fer Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30 12 1938 AEI Corp 24.5 7.5 1100 AEM 42 19.5 2101 APOil 141 54.5
      7,596 words
    • 81 25 52-Wk Tel High Low Code Last Sale Vol COOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Conn _Hm 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** *****
      81 words
    • 1998 25 52-Wk Tel High Low Code Last Sale Vol fOOO] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi >an' Hii 30 11.5 1181 s AAGrp 415 16 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System
      1,998 words
    • 207 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      207 words
  • Page 25 Advertisements
    • 49 25 ROYAL OAK COLLECTION |^J WHERE EXTREMES MEET :'*il|fcS BK'S^K^'' Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED .^S^S^fer^"^^^^^^: -V. i^_? Q '-^j' "■s{*"" f 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 •4&frr~~S£Sr~~^ra£:'.jlt v 'm-^zJ Hll Internet: Http://www.audemarspiguet.com J^P£l^ r*^Zi^^^M^'~~^% '-"i," C-: -si^^f
      49 words

  • FINANCE & COMMODITIES
    • 370 26 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 2 World Index Preliminary 1069.9 1.2 -5.5 1.2 -8.7 1.0 -3.7 EAFE Preliminai 1029.5 1.9 -8.1 1.7 -9.2 1.5 -4.2 Euro[ Prelim inan 1417.3
      370 words
    • 65 26 MayS KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low May 08 3350 3350 3375 3350 55 924 Jun 08 3382 3381 3405 3369 489 7955 Jul 08 3380 3390 3416 3372 2569 ***** Aug 08 3385 3375 3411
      65 words
    • 21 26 MayS STI ilMSCI Ma' 400.9 401.9 399.5 "aiwan Ma' 347.9 347.9 341.4 Source: MF Global (S) Pte. Ltd
      21 words
    • 21 26 MayS S! Bid Offer 1-month 1.3572 1.3585 2-months 1.3555 1.3569 3-months 1.3540 1.3554 6-months 1.3499 1.3515 Source: OCBC
      21 words
    • 156 26 May 5 I Against SS lurrencies Bid Offer Against USS Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2776 1.2793 0.9398 0.9403 Canadian dollar 1.3346 1.3363 0.9817 0.9822 luro 2.1020 2.1039 1.5463 1.5464 IZ dollar 1.0639 1.0654 0.7826 0.7831 jterlini 2.6863 2.6890 1.9761 1.9765
      156 words
    • 292 26 MayS OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.370 97.320 97.075 96.895 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES Jun08 Sep08 Dec08 99.030 99.125 Mar09 98.950 98.950 Jun09 Sep09 Dec09 Mar10 99.005 98.950 99.120 99.045 99.005 98.925 98.910 98.875
      292 words
    • 288 26 May 5 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 400.75 395.25 392.75 390.75 390.00 391.00 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      288 words
    • 128 26 As at 9am NOTE RATES Mays Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2680 1.2830 Can dollar 1.3300 1.3460 Euro 2.0940 2.1180 NZ dollar 1.0550 1.0780 Sterlini ind 2.6770 2.7081 US dollar 1.3560 1.3720 Local dollars to 100 units of foreign currency:
      128 words
    • 162 26 MayS s. Offer Bid Overnight 1/2 1-month 1 3/16 2-months 1 1/4 3-months 1 3/8 Overnight mode: 3/4 US$ Offer 3/8 1 1/16 1 1/8 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.65 2.80 2.85 2.90 3.05
      162 words
    • 464 26 MayS AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.957 6.570 0.608 7.327 38.128 86.729 0.990 9.473 2.969 1.201 61.860 39.694 1.278 7.138 0.991 28.671 29.797 0.476 0.940 Canada 1.045 6.864 0.635 7.654 39.829
      464 words
    • 134 26 May 5 /oz) Hong Kong London 863.00 855.00 864.00 856.00 May 01 May 02 849.80 855.80 850.50 856.80 Source: Reuters CAST BAR M) May OS Buying Sellini Kilobar "40,615.06" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 ozUBS Kinebar™ 90.95
      134 words
    • 77 26 MayS (US$) (S$) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.*****
      77 words
    • 91 26 MayS Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****E 07.08.08 1-Year BY*****N 04.05.09 0.90 1.03 0.90 0.80 1.02 1.02 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F
      91 words
    • 68 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2876.50 2795.50 3 months 2920.00 2840.00 Copper, Grade A (US$/tonne) Cash 3 months 8560.50 8410.00 8368.00 8220.00 Lead (US$/tonne) Cash 2569.00 3 months 2585.00 2559.00 2579.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • 83 26 May 2 COCOA (£/tonne) Close Prev Hii ih/Low May 08 1407 1396 1408/1363 Jul 08 1423 1413 1430/1375 Sep 08 1367 1353 1372/1325 Dec 08 1350 1336 1357/1310 COFFEE (US$/tonne) Close Pev High/Low May 08 2104 2122 2159/2100 Jul 08 2126 2145 2195/2119 Sep 08 2130 2143 2191/2124 Nov
      83 words
    • 104 26 May 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 08 1292.50 1258.75 1300.00 1255.00 Jul 08 1304.50 1271.00 1311.00 1265.00 Aug 08 1292.00 1260.00 1297.00 1289.00 Sep 08 1254.50 1227.00 1257.00 1229.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 56.67 55.76 57.50
      104 words
    • 76 26 CRUDE OIL PRODUCTS May 2 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 113.93 4.61 WTI (Near Mth) 116.31 3.77 Dubai (1-Mth F) 105.5 0.22 Tapis blend 117.45 0.15 Minas 111.35 1.3 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 102.50 138.80 -2.80 -3.2 USS/barrel Opec Oil
      76 words
    • 1789 26 BOND WARRANTS lei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left H05#Asiatravel W*****7 l014Capitaland BNP ECW*****8 21.5 32.5 -0.5 33 0.5 190 1 28 0.1 498 -3 2.37 24 20 3666 Capitaland BNP ECW*****9 5762 Capitaland BNP ECW*****0 14.5 6
      1,789 words
  • Page 26 Advertisements

  • Page 27 Advertisements
    • 2573 27 m The Business Times Shipping Times MISBIISBBiBBI iJwWI WTiXintwWwiJn ll^^B WAN HAI international pte ltd I^l USliil liiiMMß V\n\wan hai lines ™°™™^^zin b n m ißHiMraMaffi^SnßlmfflH V PKLTEL:<O3|3346BBBBFAX:(O3)*****2B3PEN 1EL(04)*****00FAX:<04)*****99 V JOHIEL:(07) *****23 FAX:(07)*****21 SUR 1EL:(031) *****75 FAX:(031) *****14/ *****05 UK CONTINENT SERVICE U.S.A SERVICE WWW.Wanhai.COm.Sg JK1TEL:(021)*****88FAX:(021)*****88P1MTEL:*****0/*****1 FAX:*****9 1 I 1
      2,573 words

  • Page 28 Advertisements
    • 4488 28 M. AUSTRAL ASIA LINE F^i^ I SJ Sjl£ r///« ff—L^L ASIA AUSTRALIA SERVICE AcceptingContainer/LU/Breakbulk/Project -H-H VHI i__!_E_^^^^^n_^^^K_^^Hi_^^Ki_^^H_i_^_^_E_-_^_^B_i_^_a I^^^ weekly express sailing schedule CAPE YORK 05A8 03/05 07/05 13/05 28/05 31/05 04/06 08/06 BffflSl B?l3S_HijT!|l_hT'i_S_uWlWl!lWl3l^^ cap! morjion 81A8 n/05 15/05 22/05 ob/06 12/06 15/06 19/06 WESTERN AUSTRALIA SERVICE ALSO SERVING JAPAN,
      4,488 words

  • BUILDING FOR TOMORROW
    • 1575 29 With interior design trends becoming more ephemeral, designers need to stay on top of things and ensure their own paradigms are constantly renovated, writes JOEL CHUA VOLUTION favours monkeys. Eventually humans will be kept in cages as pets," a pompous chimp taunts Dilbert, the endearingly
      1,575 words
  • Page 29 Advertisements
    • 122 29 Ti y^^^^^^^^^T^T^ 21 "23 May 2008 I SUNTEC Singapore fl fl f% BEX ASIA IS A COMPREHENSIVE BUILDING AND CONSTRUCTION EXHIBITION THAT SERVES THE SOUTH EAST ASIA REGION. View products and services across 5 key segments: Highlights H H <£ Building Finishes Decorations APSDA Congress and Assembly 2008 B jS!
      122 words
    • 11 29 This four-part series is brought to you by «S BEXasia 2008
      11 words

  • PROPERTY
    • 263 30 Bloomberg [HONG KONG] Hong Kong's home sales fell the most by value in 18 months in April as the market for higherpriced apartments cooled, according to government data. Revenue declined 30 per cent from a year earlier to HK527.6 billion (Ss4.B billion)
      Bloomberg; BLOOMBERG  -  263 words
    • 418 30  -  KALPANA RASHIWALA Key sectors seen benefiting include hotels, aerospace, healthcare, transport By URBAN Redevelopment Authority's Master Plan 2008 which will be exhibited soon will see changes in land use and increases in plot ratios, but these will be selective and focused on
      418 words
    • 68 30 iiiy recommendations PRICE (SS) I TARGET PRICE MAY 2 '08 (S$) Hong Leong Asia Pan United 2.68 4.30 0.64 1.16 Raffles Medical Allgreen Capita Land City Development F&N 1.31 1.66 7.09 7.50 12.50 12.81 4.94 5.85 CapitaCommercial Trust CapitaMall Trust CDL Hospitality Parkway Life Suntec Reits 2.36 2.93
      68 words
    • 553 31  -  ARTHUR SIM Income growth a better driver of housing price trends: Citi By LOW or negative real interest rates are often cited as one factor supporting housing prices. But Citi believes that in today's market, negative real interest rates will at best
      AFP  -  553 words
    • 672 31  -  KALPANA RASHIWALA By and a large presence in India, China, Korea, Japan and the UAE we can mine our database of international investors in these places when marketing Singapore residential properties." "We believe the proportion of foreign buying in the Singapore housing market will
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  • Page 30 Advertisements
    • 130 30 GOOD CLASS BUNGALOW FOR SALE Bishopsgate 17,0005f Cable road 18,000sf Belmont 22,0005f Oriole Cres 10.OOOsf ClunyPark 16,0005f CamdenPark 35,0005f Cornwall Garden 22,0005f Nassim 17,0005f Dalveyßoad 15,5005f Holland 16,0005f Mount Echo 17,0005f Astrid Hill 22,0005f LAND FOR REDEVELOPMENT Astrid Hill 23,0005f Swiss Club 15,0005f BinTong 27,4115f King Albert Park 16,0005f BtTunggal
      130 words
    • 795 30 A row of exquisite restored conservation shophouses Located in the Heart of Chinatown Tenure: Freehold Land area: Approx. 12,000 sqft Total GFA: Approx. 26,000 sqft No of rooms: 74 With facilities such as restaurant and pub Potential to convert to other commercial uses such as retail/office Excellent Investment Opportunity EK33
      795 words

  • Page 31 Advertisements
    • 300 31 \^\A HOUSING 4 f DEVELOPMENT J BOARD LAND FOR SALE PUBLIC HOUSING DEVELOPMENT UNDER THE DESIGN, BUILD SELL SCHEME S n™»,E«i V ShopplngCenlre Condominium MRr ffl School y^r^ TamplnesSladlum The Housing Development Board is offering for sale a State Land Parcel Simei PHI for public housing development under the Design,
      300 words
    • 260 31 FOR LEASE Business Space Enterprise One Prime location with good corporate image Brand new units, size from 2,153 sq ft Partially-fitted units available Attached toilet, food court within building Near bus stop MRT highway amenities For immediate occupation For more information, please contact d rr] Far East Organization OAJJ jSO/
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