The Business Times, 7 May 2008

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Microfilm: NL29366
Total Pages: 31
1 31 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica (p) 122/12/2007 Wednesday, May 7,2008
    22 words
  • Article, Illustration
    Lock icon Real broadband fight yet to come in new landscape
    794 1  -  WINSTON CHAI Deal to lay infrastructure is just the first step; services on new highway will be the clincher By [SINGAPORE] All three local telcos are vying for the right to build and own Singapore's upcoming broadband network but industry experts
    LIANHE ZAOBAO  -  794 words
  • Article
    Lock icon Sing Tel may get a line to Africa, via Bharti
    577 1  -  SIOW LI SEN Telco's Indian associate values MTN at USs39b, eyes a takeover By [SINGAPORE] Singapore Telecommunications associate Bharti Airtel is eyeing South Africa's MTN Group a deal which, if successful, would make it the biggest takeover involving an Indian
    577 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      44 1 AST INDEX 3,248.75 (+0.71) TST INDEX FUTURES 3,233 (-17) TSIMSCI 400.92 (-0.60) TSIMSCI FUTURES 399.20 (-0.30) SINGAPORE 5.33 MALAYSIA 6.74 HONGKONG 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
      44 words
    • Article
      Lock icon MARKETS
      41 1 1COMP 1,276.09 +1.48 IIKKEI225 Closed IANG SENG 26,262.13 +78.18 ;et index 845.83 +2.68 JAKARTA COM P 2,371.83 -16.16 IANILACOMP 2,727.70 -37.82 ;eoulcomp 1,859.06 +10.79 ;henzhen b 574.59 -3.92 IUMBAI IND 17,373.01 -117.89 12N00NEDT Change 12,946.50 -23.04 )OW IASDAQ 2,469.80 +5.68
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    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.35: (US$/S$ )er£) 1.969 2.675 ;URO (US$/S$/E) 1.548 2.102 'EN 104.90 77.2' 3.151 2.32' IK$ 7.796 5.74I !AHT 31.73 23.3I 1UPIAH 9,219 6,78! 1ENMINBI 6.986 5.14. INDIAN RUPEE 40.76 30.01 1.056 0.77: IZ$ 1.270 0.93'
      40 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      62 1 CORPORATE MOTORING /Z\ OPINION ECONOMY B^^H RESULTS Audi A4 makes a splash Merrill CEO'bullish Govt has arsenal to counter JJ UOB Q1 net profit with $2m launch fgj^/\J.~ r: W£m**L on the world' slowdown: PM Lee N jfl up 2.1% PAGE 4 PAGE 28 \^&3jCp|£i=|p PAGE 21 PAGE 2 !lfl
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  • TOP STORIES
    • Article, Illustration
      Lock icon Govt has arsenal to counter US-driven slowdown: PM Lee
      756 2  -  > CONRAD TAN In a crunch, it can pump-prime the economy and give targeted assistance By [SINGAPORE] Singapore is prepared to face any economic scenario that emerges from the current uncertain climate, including a prolonged downturn in the United States, said
      FILE PHOTO  -  756 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon ÜBS to slash 5,500 jobs, mainly in US and UK
        77 2 EMBATTLED Swiss bank ÜBS AG yesterday reported a net loss of 11.5 billion Swiss francs (5514.9 billion) for its first quarter and said 5,500 jobs or 7 per cent of its workforce will be cut. The loss stems from writedowns
        77 words
      • Article
        Lock icon UOBQI net profit up 2.1% to million
        86 2 UNITED Overseas Bank, the first of Singapore's three banking groups to release first-quarter results, managed to keep itself on the profit growth path despite earnings falling slightly below analysts' expectations. The group yesterday reported a net profit of $529 million for the three
        86 words
      • Article
        Lock icon Citi Investment downgrades SIA to 'sell'
        95 2 JUST a week before Singapore Airlines reports its full-year results, a major investment house has downgraded the stock, citing huge fuel costs and tough operating conditions. Citi Investment Research has called a "sell" on SIA with a $13.40 target. "Even a quality, cash-rich SIA
        95 words
      • Article
        Lock icon ST Engg'sQ1 profit up 13% on 8% rise in turnover
        68 2 SINGAPORE Technologies Engineering yesterday posted net earnings of $122.5 million for the first quarter ended March 31 a 13 per cent increase from $108.8 million for the corresponding period last year. This came on the back of an 8 per
        68 words
      • Article
        Lock icon Beach Rd office building sold for $70m
        67 2 AN Irish private equity firm and renowned international interior design firm Hirsch Bedner Associates have bought 700 Beach Road, currently a small office, home office development named In-City Lofts, for a total $70 million. The duo will pump in a further $3.5 million
        67 words
      • Article
        Lock icon Bernanke urges action to avert more foreclosures
        82 2 FEDERAL Reserve chairman Ben Bernanke, seeking to end the worst US housing slump in 25 years, has urged the government and mortgage lenders to intensify their efforts to avoid home foreclosures. Mr Bernanke also reiterated his call for lenders to forgive portions of
        82 words
      • Article
        Lock icon M'sian exports rise 10% in Q1 toRMISI.7b
        71 2 MALAYSIA'S exports of electrical electronic products fell 10.2 per cent in the first three months of the year as US demand softened. But strong palm oil and crude oil exports more than compensated. Total exports expanded almost 10 per cent to RM151.68 billion
        71 words
      • Article
        Lock icon China's Q2 growth expected to rebound to 10.8%
        75 2 CHINA'S economic growth will rebound to 10.8 per cent this quarter as local governments and companies rebuild after the worst blizzards in 50 years in January and February, state economists forecast. Faster gains in industrial output and factory spending will boost the
        75 words
      • Article
        Lock icon Kah Motor rolling out car-sharing scheme
        53 2 AUTHORISED Honda distributor Kah Motor hopes to kick off its own car-sharing scheme as early as in July with more than 50 cars. Most of its fleet will consist of the Honda Civic Hybrid, a petrol-electric hybrid version of the popular Honda Civic sedan.
        53 words
    • Article, Illustration
      Lock icon Former MP Wan Soon Bee joins Jade board, Soh quits
      531 2  -  LEE U-WEN Appointment seen as move to regain public trust By [SINGAPORE] In what can be construed as an effort to regain public trust and confidence, troubled Jade Technologies yesterday announced the appointment of a former Singapore minister as its
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    • Article
      Lock icon Wealth centres
      62 2 Barclays Wealth Concentration of households with net wealth in excess of US$l m OF POPULATION Hong Kong 26.4 Singapore 23.3 Switzerland 22.3 Denmark 17.9 UK 15.6 Ireland 14.8 US 14.7 Australia 11.9 Italy 11.8 France 11.7 OF POPULATION Singapore 40.7 Hong Kong 39.4 Switzerland 28.1 US 24.2 Denmark
      Barclays Wealth  -  62 words
    • Article
      Lock icon S'pore ousting HK as top millionaire hub
      574 2  -  NISHA RAMCHANDANI China seen to be 3rd richest country by 2017: study By [SINGAPORE] Singapore is expected to pull ahead of Hong Kong as home to the highest concentration of millionaires over the next decade, sealing its reputation as a wealth centre not
      574 words
    • Article
      Lock icon EU-style Asean can bring M'sia closer to us: MM
      590 2  -  CHUANG PECK MING Otherwise, he says, it's not easy to come together again By [SINGAPORE] Minister Mentor Lee Kuan Yew does not see Singapore and Malaysia reconnecting as one, except in the wider context of Asean. "I do not believe, having
      590 words
    • Article, Illustration
      Lock icon ÜBS to slash 5,500 jobs, mainly in US and UK
      587 3  -  CHOW PENN NEE USsl9b writedowns add to bleak results; minor job cuts expected in Spore By [SINGAPORE] Embattled Swiss bank ÜBS AG yesterday reported a net loss of 11.5 billion Swiss francs (5514.9 billion) for its first quarter and said
      BLOOMBERG  -  587 words
    • Article, Illustration
      Lock icon HPL in frame as Libya seeks more hotels
      460 3  -  CHEW XIANG It faces an influx of businessmen after sanctions were lifted By in Tripoli THE North African country of Libya needs an extra 40,000 hotel rooms as it faces a massive influx of foreign businessmen and tourists after trade sanctions were
      LIANHE ZAOBAO  -  460 words
  • Page 2 Advertisements
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon UOBQI net profit up 2.1%
      633 4  -  CHOW PENN NEE Bank's core net interest income up 11.8%, non-interest income shrinks 4.1% By UNITED Overseas Bank (UOB), the first of Singapore's three banking groups to release first-quar-ter results, managed to keep itself on the profit growth path despite earnings falling slightly below analysts'
      FILE PHOTO  -  633 words
    • Article
      Lock icon BOC Aviation reports US$51m after-tax profit
      437 4  -  YEN SREENIVASAN By BOC Aviation, formerly known as Singapore Aircraft Leasing Enterprise (SALE), has reported an af-ter-tax profit of US$5l million for the nine months ended Dec 31, 2007. It is the first time the company has reported as BOC Aviation after changing its
      437 words
    • Article
      Lock icon Citi Investment analysts downgrade SIA to 'sell'
      453 4  -  YEN SREENIVASAN They say even cash-rich SIA cannot fight fuel prices By JUST a week before Singapore Airlines reports its full-year results, a major investment house has downgraded the stock, citing huge fuel costs and tough operating conditions. Citi Investment Research has called
      453 words
    • Article
      Lock icon Recent departures of CFOs leave question marks
      591 4  -  SIOW LI SEN CHIEF financial officers of listed companies have been making the news lately and it does not make for good copy. CFOs generally maintain low profiles, preferring to let their chief executive officers do the talking. But CFOs are no less
      591 words
    • Article, Illustration
      Lock icon Keppel Fels bags US$12m Ensco rig order
      294 4  -  VINCENT WEE By KEPPEL Fels (KepFels) has won a US$5l2 million contract for an ultra-deepwa-ter semi-submersible drilling rig from oil drilling major Ensco. The Ensco 8504 will be the fifth semi-submersible being built by the KepFels for Ensco and is scheduled to be
      KEPPEL  -  294 words
    • Article
      Lock icon Technics lands $30m contract with Bumi Armada
      389 4  -  VINCENT WEE Letter of intent signed for fast-track project By A UNIT of Technics Oil and Gas has landed its biggest deal so far a $30 million contract to supply four natural gas booster compression systems to Malay-sia-based Bumi Armada. The job was
      389 words
    • Article, Illustration
      Lock icon ST Engg's Q1 profit up 13%
      384 5  -  EMILYN YAP It posts net earnings of $122.5 m on the back of an 8% rise in turnover By SINGAPORE Technologies Engineering (ST Engg) yesterday posted net earnings of $122.5 million for the first quarter ended March 31 a 13 per cent increase from
      FILE PHOTO  -  384 words
    • Article
      Lock icon Oceanus makes Catalist debut today
      424 5  -  EMILYN YAP By CHINA-based abalone producer Oceanus Group will be making its debut on Catalist today after a $270 million reverse takeover (RTO) of beauty, health and fashion product distributor TR Networks. Oceanus, a marine aquaculture specialist, had also raised funds through a private placement
      424 words
    • Article
      Lock icon At a glance
      209 5 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. PLife Reit: There are no comparative figures for the corresponding
      209 words
    • Article, Illustration
      Lock icon Raffles Education Q3 net soars 76% to $19.4 m
      263 5  -  CHARMIAN KOK By RIDING on the back of a 73 per cent jump in revenue to $49.2 million, Raffles Education Corp posted a 76 per cent surge in net profit to $19.4 million for the third quarter ended March 31, 2008.
      FILE PHOTO  -  263 words
    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon Keep a sharp eye on Wall Street and oil
        709 6  -  LARRY WEE CURRENCIES The worst may not be quite over yet for the US dollar and weaker Asian units THE US dollar has managed to hold up pretty well over the past week, despite warning sounds about the US economy from
        709 words
      • Article
        Lock icon Financial market recap
        223 6 Changes over the past week YtAKIOUAIt MAY 6'08 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 104.66 0.39 112.05 95.71 SGD 1.3579 -0.12 1.4542 1.3457 IDR 9210 -0.11 9500 9035 THB 31.71 0.00 33.59 31.00 CNY 6.9873 0.03 7.2085 6.9824 MYR 3.1515 0.00 3.3120 3.1310 CURRENCY vsUSS
        223 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        101 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 9 5 0 0 0 3 9 5 lanufacturing 93 51 48 102 56 57 Commerce 35 21 14 40 24 20 'pt/Stor/Comms 16 14 10 18 14 12 :inance 14 10 10 15 10
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        106 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 21,406 21,406 131,988 131,988 lanufacturing 522,738 31,454 554,192 416,257 7,016 423,272 Commerce 81,933 4,092 86,025 123,283 665 123,948 ■pt/Stor/Comms 78,979 1,108 80,087 221,348 306 221,654 :inance 38,338 25 38,363 391,166 391,172 Construction 49,694 6,838 56,532 14,673 1,059 15,732 ■roperties
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      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        103 6 lapitaLand 6.970 -0.090 lapitaMall 3.640 -0.110 jtyDev 12.120 -0.220 losco Corp 3.420 +0.080 IBS Grp 20.500 +0.100 :&N 4.880 -0.060 Sent Intl 0.595 -0.005 IK Land 4.920 +0.020 ISH 17.840 +0.060 lardineC&C 16.920 -0.080 leppel Corp 10.500 -0.040 leppel Land 6.020 IOL 3.630 +0.030 loble Grp
        103 words
      • Article
        Lock icon BROKERS' TAKE
        786 6  -  CHOW PENN NEE Parkway Holdings May 6 closing price: $3.40 GOLDMAN SACHS, May 5 ON April 29, Khazanah (Malaysia's government investment arm) bought a 16.4 per cent stake in Parkway for *****.5 million (554.20/ share, a 24 per cent premium over its April 29 close) from private equity
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      • Article, Illustration
        Lock icon It's 'Track Hong Kong during the day' theme
        523 6  -  R SIVANITHY STOCKS THE "trade in May and stay in play" theme highlighted in yesterday's column might quite legitimately be modified to include "track Hong Kong during the day" and "stick to blue chips and don't stray too far away". This was
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      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 6 DAILY
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      • Article
        Lock icon OTHER SINGAPORE INDICES
        55 6 May 6 VALUE CLOSE BT 08/ OS 430.00 -90.00 BT CADI -*****.00 +95.00 BT 10-day MA -*****.00+43.00 FTSE ST Mid Cap 824.19 +0.56 FTSE ST Small Cap 693.15+11.63 FTSE ST All Share 829.72 +1.93 FTSE ST China 509.78+16.83 UOB Catalist 153.07 +1.80 SIMSCI 400.92 -0.60 SIMSCI Futures
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      • Article
        Lock icon MOST ACTIVE STOCKS
        54 6 Clob VOLUME CoscoCorpDßeCWoBo929 43,375,000 SunVic 36,814,000 ChinaEnerqy 35,304,000 China Honqxinq 35,170,000 Ferrochina 32,717,000 Yanqzijianq 29,654,000 Golden Agri 28,737,000 CoscoCorpMEßeCWoBo9lB 25,035,000 CoscoCorpMßl_eCWoBloo2 24,623,000 CapitalanMßLeCWoBo9o3 23,625,000 VALUE(S) DBS Grp 125,341,780 UOB 109,396,476 Keppel Corp 104,282,267 Capita Land 75,144,800 SGX 70,543,180 OCBC Bk 69,132,950 Cosco Corp 63,700,930 Sing Tel 57,208,540
        * Clob  -  54 words
      • Article
        Lock icon RISES
        102 6 BY CENTS CLOSE UP LP 10US$ 8692 211.8 1.8 reat Eastern 1780 42.0 2.4 .ino-Env 190 33.0 21.0 'lam 303 29.0 10.6 ilam 100 299 29.0 10.7 »sia Pac Brew 1338 24.0 1.8 iwiber 282 21.0 8.0 ICBC Bk4.5%NCPS 100 ***** 20.0 0.2 Ferrochina 171 14.0 8.9 :iMBAsean40 100US$
        102 words
      • Article
        Lock icon FALLS
        128 6 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN 3146 -86.9 -2.0 IMH India Ni 10 1718 -40.0 -2.3 I A 1598 -28.0 -1.7 Haw Par Cori 739 -26.0 -3.4 :it 1212 -22.0 -1.8 DBS Bk6% NCPS 10 ***** -20.0 -0.2 ilA
        128 words
      • Article
        Lock icon CURRENCIES Where S$ stands
        84 6 May 6 CLOSE CHNG FR May 5 YR SSLOW R2008 S$ HIGH USS 1.3579 0.15 1.4542 1.3457 Euro 2.1079 -0.14 2.2064 2.0474 Pounds 2.6737 0.38 2.8431 2.6568 1.2862 -0.46 1.3235 1.2349 'en* 1.2974 -0.43 1.4484 1.2832 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.2822 0.25 4.4299 4.2620
        84 words
      • Article, Illustration
        Lock icon Anwell in deal to sell solar panel equipment
        420 7  -  r SARA LIM Optical disc maker expects to complete solar panel line this year By OPTICAL disc and disc equipment manufacturer Anwell Technologies has signed a preliminary agreement with Brazil Energy for the sale of its new thin-film solar panel equipment. Anwell
        420 words
      • COMPANY BRIEFS
        • Article
          Lock icon Temasek stake in Sing Tel dips
          26 7 SINGTEL said yesterday that Temasek Holdings now has a 54.99 per cent stake in it, down from 55.96 per cent.
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        • Article
          Lock icon Great Eastern Q1 profit drops 67%
          61 7 GREAT Eastern Holdings has reported a 67 per cent drop in first-quarter profit due to marked-to-market investment losses. Net income slumped to $45 million in the three months ended March 31, from $134.5 million a year earlier. Gross premiums rose 27 per cent to
          61 words
        • Article
          Lock icon Investors subscribe to Albedo bonds
          36 7 ALBEDO entered into a agreement yesterday with several investors who will subscribe to $1 million of bonds that can be converted to shares at an exercise price of 14 cents each.
          36 words
        • Article
          Lock icon CK Tang appoints independent director
          36 7 CX TANG has appointed Michel Grunberg, 59, as an independent director. Mr Grunberg has 34 years' retail experience that includes 28 years with the Estee Lauder Group in senior roles worldwide.
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        • Article
          Lock icon SNF Corporation CEO resigns
          33 7 SNF Corporation said yesterday that its chief executive officer Low Shiong Jin has resigned following his retirement as a director after the company's annual general meeting on April 30.
          33 words
      • Article, Illustration
        Lock icon SGX extends, fine-tunes research scheme
        267 7  -  OH BOON PING Subsidy doubled to $2,000; quarterly applications allowed By SINGAPORE Exchange (SGX) has extended its Research Incentive Scheme for a further two years and doubled the subsidy for participating firms. The scheme was started in December 2003 to promote research coverage on SGX-listed
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      • Article
        Lock icon MBK's final deadline for AsiaPharm
        281 7 AFTER several extensions of its offer for AsiaPharm Group, private equity firm MBK Partners has finally set May 22 as the ultimate deadline. In a statement to the Singapore Exchange yesterday, MBK unit LuYe Pharmaceutical Investment Co said the latest closing date is final. This
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      Lock icon Page 5 Advertisements Column 1
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  • SINGAPORE NEWS
    • Article
      Lock icon India seeks regional hub role for S'pore
      504 8  -  AMIT ROY CHOUDHURY Inaugural bilateral strategic dialogue reflects close ties By THE key takeaway from the inaugural two-day IndiaSingapore strategic dialogue, which ended yesterday, was that India wants Singapore to play the role of a strategic hub for India as it seeks to
      504 words
    • Article
      Lock icon Single-premium sales in Q1 surge 54%
      231 8 THE insurance industry got off to a solid start this year, with single-premium sales surging 54 per cent to $2.75 billion in the first quarter. Annual premium sales were also strong, rising 48 per cent to $238 million. Life Insurance Association president Mark O'Dell
      231 words
    • Article
      Lock icon $20m plan aims to boost solar tech in new buildings
      290 8  -  CHEN HUIFEN By THE Economic Development Board has launched a $20 million solar capability scheme to help the private sector become more environmentally friendly. Announced at the Semicon Singapore show yesterday, the scheme aims to encourage companies to install solar
      290 words
    • Article, Illustration
      Lock icon Poll: Few banks well equipped to tackle top risks
      521 8  -  OH BOON PING Liquidity, credit risks and credit spread volatility ranked top 3 in global survey By LIQUIDITY and credit issues have emerged as top concerns in the banking landscape, but few financiers believe that banks are well equipped to tackle
      521 words
    • Article, Illustration
      Lock icon Beach Rd building sold for $70m
      582 9  -  KALPANA RASHIWALA Hirsch Bedner and Irish private equity firm turning asset into boutique offices By AN Irish private equity firm and renowned international interior design firm Hirsch Bedner Associates have bought 700 Beach Road, currently a small office, home office development named In-City Lofts,
      582 words
    • Article, Illustration
      Lock icon Sun Venture awarded Scotts Road site
      317 9  -  ARTHUR SIM It bid $32.99 m or $226 psf ppr for the office site By DB&B subsidiary Sun Venture Investments has been awarded a transitional office site at Scotts Road after emerging as the highest bidder last week. Its bid of $32.99 million or
      317 words
    • Article
      Lock icon Icpas members call inflation top worry
      273 9 INFLATIONARY pressures are the top challenge for the Singapore economy in 2008, say accounting professionals, many of whom are fairly bearish about the outlook. The 202 members of the Institute of Certified Public Accountants of Singapore (Icpas) who responded to a business confidence survey
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Visa launches Olympic mentoring programme
        83 9 VISA International has launched a mentoring programme for Singapore athletes who aspire to Olympic glory. Called Team Visa Singapore, the initiative ropes in several former Olympic greats such as five-time British rowing gold medalist Steven Redgrave, Japanese marathon runner Yuko Arimori and Singapore Olympic sprinter
        83 words
      • Article
        Lock icon Exercise to test response to pandemic
        52 9 THE Association of Banks in Singapore (ABS) yesterday announced that the financial sector will conduct a two-week industry-wide exercise to test the sector's response to a flu pandemic outbreak in Singapore from Aug 28 to Sept 11. The exercise will involve more than 100
        52 words
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      Lock icon Page 8 Advertisements Column 1
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      2,761 words
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      Lock icon Page 9 Advertisements Column 1
      267 9 Immerse Yourself in an Expanse of Water Solutions _>^^A^^I rJ t- M jl^ta iiufEiluf _j .—-1 I B I UCC^^^m; t^ I HHHBI m jL^ njlkv JI i i I B^^^E -^~=i HsttsdH^. WB~ -M -—m 3. !|nw> HfS^^E >:: H»- J^-«*^B Hb^^toTVV F 3E I fc '^HS^=S 1-^^■^■i HLtaiii-jß^^^B!!
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  • ECONOMY WATCH
    • Article
      Lock icon Bernanke urges action to avert more foreclosures
      581 10 Bloomberg Wants refinancing of troubled mortgages and forgiving part of mortgages for some [NEW YORK] Federal Reserve chairman Ben Bernanke, seeking to end the worst US housing slump in 25 years, has urged the government and mortgage lenders to intensify their efforts to
      Bloomberg  -  581 words
    • Article, Illustration
      Lock icon IMF chief economist Johnson to quit, return to MIT
      332 10 Bloomberg [WASHINGTON] Simon Johnson, who joined the International Monetary Fund (IMF) as chief economist last year, plans to quit the post and return to the Massachusetts Institute of Technology (MIT). Mr Johnson, 45, was on leave from MlT's Sloan School of
      Bloomberg  -  332 words
    • Article
      Lock icon Politicians back ECB on price woes
      457 10 Bloomberg Europe's leaders won over by its anti-inflation focus [PARIS] The European Central Bank is winning Europe's political leaders over to its policy of focusing on fighting inflation even as economic growth slows. Politicians from France, Belgium and Luxembourg, who previously complained that the
      Bloomberg  -  457 words
    • Article, Illustration
      Lock icon Oil could reach US$200 within 2 years
      590 10 Bloomberg Price surge due to inadequate supply growth: Goldman [SINGAPORE] Crude oil prices may rise to between US$l5O and US$2OO a barrel within two years because of a lack of adequate supply growth, Goldman Sachs Group Inc analysts led by Arjun N Murti
      Bloomberg; BLOOMBERG  -  590 words
    • Article
      Lock icon Crude hits new record above US$120
      155 10 AFP [SINGAPORE] World oil reached a new record price above US$l2O a barrel yesterday as concerns over the United States economy eased, analysts said. New York's main oil futures contract, light sweet crude for June delivery, reached an all-time high in electronic trade of
      AFP  -  155 words
    • Article
      Lock icon BURSA MALAYSIA
      2239 10 VOL C000) lay 6 RM ASM Realty 0.75 AbricBhd 0.20 Advance Synergy 0.12 Adventa Bhd 1.31 Ae Multi Hldgs 0.22 Affin Holdings 2.06 Ahmad Zaki Resou 0.96 AicCorp 0.51 Airasia Bhd 1.22 Akn Technology 0.52 Alliance Financi 3.08 Aluminium Co 1.02 Amalgamated Ind 0.43 Ammb Hldgs Bhd 3.92
      2,239 words
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  • MALAYSIA
    • Article
      Lock icon M'sian exports rise 10% in Q1 to RM151.7b
      457 11  -  PAULINE NG Surge in exports of palm and crude oil, offsets 10.2% fall in electronic sector By in Kuala Lumpur MALAYSIA'S exports of electrical electronic (E&E) products fell 10.2 per cent in the first three months of the year as US demand
      457 words
    • Article
      Lock icon M'sian blogger charged with sedition
      310 11 -AP [KUALA LUMPUR] A prominent Malaysian blogger was charged yesterday with sedition for allegedly implying the deputy prime minister was involved in the sensational killing of a young Mongolian woman. Raja Petra Raja Kamaruddin, who has not denied that he linked Deputy Prime Minister Najib
      -AP  -  310 words
    • ASIA BRIEFS
      • Article
        Lock icon Indonesia says it may quit Opec
        73 11 Reuters [JAKARTA] Indonesia said yesterday that it may quit the Organisation of the Petroleum Exporting Countries (Opec), citing a decline in crude oil output that has reduced its influence in the oil cartel. Indonesia is Asia-Pacific's only member of Opec and its status as
        – Reuters  -  73 words
      • Article
        Lock icon China bourses bracing for share avalanche
        70 11 ■AFP [SHANGHAI] Chinese stock markets are bracing for fresh pressure this month when a massive number of new shares will become freely tradable after being locked up under local regulations, state media reported yesterday. A total of 284.1 billion yuan (Ssss billion) worth of
        ■AFP  -  70 words
      • Article
        Lock icon Jakarta central bank ups key interest rate
        93 11 Reuters [JAKARTA] Indonesia's central bank raised its key interest rate by 25 basis points yesterday and hinted that it may raise it again if necessary, after April inflation spiked to a 19-month high and planned fuel subsidy cuts looked set to push consumer
        ■ Reuters  -  93 words
    • Article, Illustration
      Lock icon Public Bank takes over top spot in M'sia
      433 11  -  S JAYASANKARAN Maybank slips as investors frown on Pakistan bank stake By in Kuala Lumpur MALAYAN Banking's 4 per cent stock price fall yesterday made Public Bank the country's biggest by market capitalisation for the first time. At the close of trading,
      BLOOMBERG  -  433 words
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      136 11 ally admired^^^ I CELEBRATE EXCELLENCE IN MANUFACTURING It's where the future is made, careers are built and legends are created. Manufacturing. Major pillar of the Singapore economy. A stimulating world of innovation and invention. And now, with the third MAXA, there's even more excitement and a little glamour too. Join
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Beijing calls for closer ties with Japan
      611 12 Reuters, AFP Both sides keen to stress goodwill despite rifts over energy resources [TOKYO] Chinese President Hu Jintao lauded closer cooperation with Japan when he arrived yesterday for a state visit intended to nurture trust between the Asian powers despite rifts over energy
      Reuters, AFP; BLOOMBERG  -  611 words
    • Article
      Lock icon Q2 growth expected to rebound to 10.8%
      443 12 Bloomberg Inflation could ease to 7.5% on smaller rises in food costs [BEIJING] China's economic growth will rebound to 10.8 per cent this quarter as local governments and companies rebuild after the worst blizzards in 50 years in January and February, state economists
      Bloomberg  -  443 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8213 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.932/ Star Europe Bond 1.177/ Star Europe Bal 1.155/ Star Asian Tiger Eqty 1.395/ Star Asia Bond 1.176/ Star Asia Balanced 0.967/ Star Global Technology Fund!** 0.197/ Multi St Fd 0.815/ Star Asia Bond(USD) 0.865/ Gib Multi St USD
      8,213 words
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  • INDIA
    • Article, Illustration
      Lock icon India can ease food worries: economist
      433 13 Reuters [NEW DELHI] India, now under scrutiny due to rice export curbs and growing consumption that have helped drive grain prices to record highs, could help ease global food security fears, the country's most revered rural economist said. A rich diversity of secondary food
      ■ Reuters; AP  -  433 words
    • Article
      Lock icon Foreign banks raise exposure to India
      355 13 Rise in lending by banks in Europe, US reflects confidence in Indian economy [GENEVA] Foreign banks have sharply increased their exposure to banks and financial companies in India by providing loans to the tune of US$2B billion during the last quarter of 2007, according
      355 words
    • Article
      Lock icon Hinduja family plan investment spree
      97 13 Reuters [LONDON] India's Hinduja family is planning investments worth about US$5O billion in India and abroad over the next five years, the Financial Times reported on Monday. The investment spree will be led by a planned foray into oil and gas in Iran, the FT
      ■ Reuters  -  97 words
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      491 13 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
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  • WORLD
    • Article
      Lock icon Yahoo chief signals open stance to Microsoft
      630 14 Reuters Jerry Yang says he has mixed feelings about breakdown of talks [NEW YORK] Yahoo Inc chief Jerry Yang signalled a more open stance towards Microsoft Corp on Monday, saying that he had been seeking common ground when the software maker abruptly ended
      – Reuters  -  630 words
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      744 14 j MOMS DESERVE THE BEST... J%^ <4 at the Meritus Mandarin, treat your mom to an exquisite Chinese i^S* set menu, or delight her with a scrumptious buffet spread. Pine Court Chinese Restaurant's set menu from $85++ per person. -^QljNtS Triple 3's buffet from $60++ per person. ——in, J MERITUS
      744 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Myanmar cyclone death toll climbs to nearly 22,500
      551 15 Reuters, AFP 41,000 are missing; massive storm surge into Irrawaddy delta behind most deaths [YANGON] Myanmar's military government raised its death toll from Cyclone Nargis yesterday to nearly 22,500 with a further 41,000 missing, nearly all of them from a massive storm
      Reuters, AFP; AFP  -  551 words
    • Article
      Lock icon S'pore sends aid
      103 15 [SINGAPORE] Prime Minister Lee Hsien Loong has conveyed Singapore's condolences to the families and friends of the victims of the Myanmar cyclone. In a letter to Myanmar Prime Minister Them Sein, released by the Ministry of Foreign Affairs here, Mr Lee said that he "was saddened to
      103 words
    • Article
      Lock icon Swiss banks deny blame for foreign tax evaders
      328 15 -AP [GENEVA] Swiss banks cannot be expected to police foreign clients' tax affairs, one of the country's top bank officials said on Monday, rejecting German demands for greater cooperation to catch tax evaders. The president of the Swiss Bankers Association laid the
      -AP  -  328 words
    • Article, Illustration
      Lock icon Top three movers and shakers
      311 15  -  Clipper Ventures The movers and shakers overnight appear to be Hull Humber, Nova Scotia and Qingdao. All three have posted better than average 12-hour runs and it makes the top half of the table extremely open for any of the top five or six teams
      ONEOnWB  -  311 words
    • Article
      Lock icon Critics give Bordeaux 2007 the thumbs down
      393 15 -AFP [BORDEAUX] Influential US wine critic Robert Parker has drawn long faces in Bordeaux, handing out a series of low scores, and telling buyers not to bother with the 2007 vintage unless chateaux owners cut prices substantially. "There is unquestionably little need to
      -AFP  -  393 words
    • Article
      Lock icon Fannie Mac posts Q1 loss of US$2.2b
      358 15 -AP [WASHINGTON] Fannie Mac reported losses of US$2.2 billion in the first quarter and the largest US buyer of home loans yesterday said that it would cut its dividend and raise US$6 billion in new capital, with expectations that the housing slump will
      -AP  -  358 words
    • Article
      Lock icon Morgan Stanley to cut 5% of staff
      253 15 Bloomberg [NEW YORK] Morgan Stanley, the second-biggest United States securities firm, plans to reduce headcount by as much as 5 per cent in the next few months after bets on sub-prime mortgages saddled the bank with a US$3.6 billion fourth-quarter loss. Mark Lake,
      Bloomberg  -  253 words
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      8 15 fi*T®VH Lianhe Zaobao I Chongqing I^MaDasejor liHiMl l(iliH[il4:m(il
      8 words
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      500 15 I IN TH E MATTER OF INTHE MATTER OF THE COMPANIES ACT, CAP. 50 THE mMPANIK ACT rap ttl AND IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SENATOR (S.E.A.) PTE LTD AND {Company Registration No.: *****3780 D] INTHE MATTER nE (IN MEMBERS' VOLUNTARY INTHEMATTEROF LIQUIDATION) METRO PRECISION MOULD
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  • Page 16 Advertisements
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      233 16 BM. BB^^^BB i MSB BB^^-^. -w. K^-fi L_L^.- I—r -*J~f iii i ili LifcJL£ai^' i^ v^^^gi oa Wr inn—w -£tL r kmt ■■l vBBI Aih-3 I i I^^^ TBW^S^Si i-Trr4<"^'m Ili •'ti T EH^2 Snf >^Ik?^S B^—^ '-rijli*--i-i ntX—. r j^^^^BJ Bl jfc^^^_^ !*^ri S? **^SBs3a"& **^~i': L f^"^^*^ __^^^^^^^^^88l
      233 words
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  • AVIATION
    • Article, Illustration
      Lock icon US airlines near 'break point' on fuel costs: Delta
      564 17 Bloomberg Its chief says this kind of pressure makes it necessary to go for mergers [ATLANTA] US airlines may be approaching a "break point" on fuel costs, making the merger between Delta Air Lines Inc and Northwest Airlines Corp necessary, Delta
      Bloomberg; : i AFP  -  564 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2483 17 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:
      2,483 words
    • Article
      Lock icon Privatise US airports to reduce congestion: economist
      226 17 Bloomberg [NEW YORK] US air travellers would have less congestion and fewer flight delays with airports and air-traffic control shifted to private hands, economist Clifford Winston said. "The public system is a disaster," Mr Winston, who studies the airline industry for the Washington-based
      Bloomberg  -  226 words
    • Article
      Lock icon Outsourcing a sound plan despite flaws: Boeing
      351 17 ■AP [SEATTLE] Boeing Co's chief executive officer Jim McNerney said that outsourcing production of parts for the 787 jetliner to manufacturers worldwide remains a good plan, despite four production delays and costly penalties. In an interview on Monday, however, Mr McNerney conceded that
      ■AP  -  351 words
    • Article
      Lock icon Airbus warns Emirates of further A380 delays
      372 17 Reuters [DUBAI] European plane maker Airbus warned Dubai's Emirates airline, its biggest A3BO customer, it may face further delays next year in the delivery of the world's largest passenger plane, the carrier said yesterday. Airbus sent a letter to state-owned Emirates, which has
      Reuters  -  372 words
    • Article
      Lock icon April unit revenue down, says US Airways
      204 17 Bloomberg [DALLAS] US Airways Group Inc said unit revenue in April was little changed to down 2 per cent from a year earlier as the 2008 Easter holiday came in March, while bookings this quarter are "robust". April traffic, in miles flown by
      Bloomberg  -  204 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      386 17 CRYPTIC CROSSWORD ACROSS 13 I 14 I 15 I 16 I 17 I 1 Crash at speed and it's browr 9 Record is accepted by dis- trict commissioner (4) MP 10 Very angry, seeing student is drowning in European sea _HB^_^B I I (9) 12 giT j 12 Damage insole
      386 words
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  • SHIPPING
    • Article, Illustration
      Lock icon India's Gati makes S'pore regional HQ
      460 18  -  VINCENT WEE Republic chosen over HK, London due to connectivity, cultural similarities By [SINGAPORE] After a two-year gestation, India's leading homegrown express distribution and supply chain solutions provider Gati has finally decided to make Singapore its regional headquarters as it ramps up its expansion
      FILE PHOTO  -  460 words
    • Article
      Lock icon Croatian shipyards face restructuring
      791 18 Reuters Some fear closure as the country prepares to join EU [RlJEKA, Croatia] Time stood still on the docks of 3.Maj shipyard as the champagne bottle swirled and smashed against the hull of a tanker being launched for Latvian owners. As the giant vessel slid into
      Reuters  -  791 words
    • Article
      Lock icon STX pledges to maintain structure of Norway's Aker Yards
      315 18 Reuters [OSLO] South Korea's STX Shipbuilding pledged on Monday to maintain the structure of Norwegian group Aker Yards after the EU cleared it to take a controlling stake in Europe's biggest ship maker. Shares in Aker Yards initially jumped more than
      ■ Reuters  -  315 words
    • Article
      Lock icon Should industry be prepared for biofuel?
      757 18  -  DAVID HUGHES By OVER the years, the cargoes carried by the shipping industry have changed and ship designs have evolved to meet market design. One of the most striking developments at present is the rapid expansion of the liquefied natural gas (LNG) carrier fleet
      757 words
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      12 18 WORLDWIDE HOTEL RESERVATION www.luxury.com.sg Complete with rates and location map tmshs j
      12 words
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      323 18 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE CRITICAL BUNKER RECOVERY Following a review of bunker costs for the 2-month period ended 25 April 2008, please be advised that the Critical Bunker Recovery (CBR) effective 15 May 2008 and until further notice, will be as follows For List "A" Ports
      323 words
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      285 18 BroadGastllsia2DDB Cammunlclisia2BßB The 13th International Digital Multimedia The 19th International Communications and Entertainment Technology Exhibition Conference Information Technology Exhibition Conference fntßrpriSß IT2BBB iNTERfIc-nvQTIEL Ttie sth International Information Technology The 2nd International Interactive, Digital Media Exhibition Conference for the Enterprise Entertainment Exh i bition Conference Asia's unparalleled one-stop platform offering the
      285 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Coping in an age of uncertainty
      508 19 SO even accountants and auditors in Singapore are bearish about the economic outlook, joining a list that includes manufacturers and those in the services sector just about most in the business community, it's safe to say. As number-crunchers with typically the early eye on
      508 words
    • Article, Illustration
      Lock icon China and Taiwan: Beyond the straits
      1128 19  -  NICHOLAS KWAN Economic trends have forced policymakers to adopt more pragmatic policies By AMONG the various new developments in Asia, one widely publicised but not very well appreciated event is the warming of relations across the Taiwan Straits. So much attention has been placed
      AP  -  1,128 words
    • Article, Illustration
      Lock icon Lessons out of Africa for Beijing's foreign policy
      763 19  -  FRANK CHING THE BOTTOM LINE BEIJING has suffered a severe setback in Africa, where its standing is normally high, at a time when its image is taking a beating in the West, largely as a result of events in Tibet and the
      763 words
    • Article, Illustration
      Lock icon Merrill CEO is 'bullish on the world'
      1214 20  - Merrill CEO is 'bullish on the world VIKRAM KHANNA JOHNThain, the chief executive officer of brokerage and investment banking giant Merrill Lynch, talks to BT's associate editor Vikram Khanna about the crisis on Wall Street, the changes at Merrill and its prospects looking forward. Q: Warren Buffett says the worst
      ARTHUR LEE  -  1,214 words
    • Article, Illustration
      Lock icon Eye in the sky may solve India's murky land issues
      1005 20  -  ANDY MUKHERJEE A ROCKET head being carried on the back seat of a bicycle. That's how French photojournalist Henri CartierBresson's camera captured the initial years of India's space programme, which began in the early *****. Many of the programme's critics
      AFP  -  1,005 words
    • Article
      Lock icon K-Reit: Time needed to process rights
      192 20 LETTER TO THE EDITOR WE refer to Denis Distant's letter, "K-Reit Asia rights issue why so slow?" (BT, May 6, 2008). K-Reit Asia's closing date for application of rights units was April 25, 2008. The period between this date and May 8, the listing
      192 words
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      26 20 Nevus 1 Images Directory \¥s People Maps One search, all results. Neatly arranged in 6 categories. Find whatever you're looking for in Singapore. rednano.sg FIND MORE
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7436 21 Transaction date: May 6 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil Company 5716 1st Software i I 28 5 8 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30
      7,436 words
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      Lock icon SGX XTRANET
      69 21 Hii Low Code Comi Sale COOP) Hii Low Big Seller Cvr P/E imil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P5OO ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF
      69 words
    • Article
      Lock icon SGX CATALIST
      1942 21 Hii |h Low Code Comi >an' Sale C000) Hii Low By ler Seller C'vr P/E Smil 30 11.5 1181 s AAGrp 41.5 16 5000 sABRHIdgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5
      1,942 words
    • Article
      Lock icon CLOB INTERNATIONAL
      200 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      200 words
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      32 21 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JB ;i, r 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. ';V;fl Internet: Http://www.audemarspiguet.com K6^^ 11 B| -^^fl^fe'-^l
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      379 22 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 5 World Index Preliminary 1068.1 -0.1 -5.6 -0.4 -9.0 0.0 -3.7 EAFE Preliminai 1029.6 0.0 -8.1 -0.1 -9.3 0.3 -4.0 Euro[ Prelim inan 1416.7
      379 words
    • Article
      Lock icon PALM OIL
      67 22 May 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 08 3350 Jun 08 3423 Jul 08 3428 Aug 08 3428 Total o/p: ***** contracts 3349 3350 3345 22 897 3380 3423 3365 449 7815 3387 3432
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    • Article
      Lock icon STOCK INDEX FUTURES
      22 22 May 6 STI IIMSCI Ma' 400.2 400.4 399.2 Taiwan Ma' 341.5 342.5 341.3 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 22 May 6 S$ Bid Offer 1-month 1.3554 1.3568 2-months 1.3537 1.3552 3-months 1.3522 1.3537 6-months 1.3482 1.3497 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 22 May 6 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.2850 1.2866 0.9466 0.9469 Canadian dollar 1.3435 1.3454 0.9897 0.9902 Euro 2.1006 2.1029 1.5474 1.5477 NZ dollar 1.0688 1.0701 0.7873 0.7876 aterlini ind 2.6732 2.6761 1.9692 1.9696 US dollar 1.3575 1.3587
      153 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      294 22 May 6 iURODOLLAR FUTURES unO8 >epO8 DecO8 VlarO9 97.330 97.280 97.050 96.885 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES unO8 99.160 99.160 >epO8 99.080 99.090 DecO8 99.040 99.040 VlarO9 98.940B unO9 >epO9 DecO9 Vlar10 99.150A 99.075A 99.010A 99.150 99.075 99.030 98.950 98.935 98.900 98.850
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    • Article
      Lock icon SICOM FUTURES
      284 22 May 6 KUBBtK 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 09 402.25 396.75 394.25 392.25 391.50 392.50 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 22 As at 9am May 6 Singapore dollars to one unit of foreign currency: Currencies Bid it Offer Aust dollar 1.2790 1.2940 Can dollar 1.3360 1.3520 Euro 2.0970 2.1210 NZ dollar 1.0600 1.0820 iterlini ind 2.6660 2.6960 US dollar 1.3500 1.3660 Local dollars to 100 units of
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      Lock icon INTERBANK RATES
      160 22 May 6 Offer Bid Overnight 5/16 1-month 1 3/16 2-months 1 1/4 3-months 1 3/8 Overnight mode: 3/4 US$ Offer 3/16 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
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 22 May 6 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.956 6.614 0.612 7.381 38.590 87.276 0.993 9.607 2.983 1.202 61.870 40.043 1.286 7.131 0.998 28.865 30.036 0.481 0.947 Canada 1.046 6.916 0.640 7.718
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    • Article
      Lock icon PRECIOUS METALS
      169 22 May 6 Hong Kong 863.00 877.20 864.00 878.20 May 01 May 02 London 849.80 855.80 850.50 856.80 Source: Reuters Hong Kong (SS) Selling Buying 1 oz 1326.8 1192 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $465.45 382 SILVER Selling Buying jS$i Sellim Bu' rim London $465.45 Selling
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    • Article
      Lock icon SIBOR
      78 22 May 6 (US$) (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
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      Lock icon GOVERNMENT SECURITIES
      91 22 May 6 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****E 07.08.08 1-Year BY*****N 04.05.09 0.89 1.03 0.83 0.80 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N5O51OOF 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F
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    • Article
      Lock icon LONDON METALS
      70 22 May 2 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$/tonne) Cash 3
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      Lock icon LIFFE
      75 22 May 2 (£/tonne) Close Prev Hii ih/Low May 08 1407 1396 1408/1363 JulO8 1423 1413 1430/1375 SepO8 1367 1353 1372/1325 Dec 08 1350 1336 1357/1310 COFFEE (US$/tonne) Close Pev High/Low May 08 2104 2122 2159/2100 JulO8 2126 2145 2195/2119 SepO8 2130 2143 2191/2124 Nov08 2115 2116 2164/2111 SUGAR (US
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    • Article
      Lock icon CHICAGO BOT
      103 22 May 5 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1273.00 1292.50 1294.00 1270.00 Jul 08 1286.00 1304.50 1312.00 1281.00 Aug 08 1278.50 1292.00 1295.50 1276.00 Sep 08 1247.50 1254.50 1253.00 1244.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 56.77 56.67 57.60
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 22 CRUDE OIL PRODUCTS May 5 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 117.63 3.7 WTI (Near Mth) 120.00 3.69 Dubai (1-Mth F) 109.27 3.77 Tapis blend 121.2 3.75 Minas 116.9 5.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 106.50 141.20 4.00 2.4 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS & WARRANTS
      1815 22 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 4105#AsiatravelW*****7 22 0.5 20 1 28 -2 2.32 24 2878Aztech Systems W*****6 5.5 1 20 1 51 117 4.73 26 3657 Biosensors DB ECW*****3 8.5 -1 20 1 85
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      2850 23 m The Business Times Shipping Times ■^^nHIH Jin-fiTTHjPtITITT-] TpldTll m WAN HAI INTERNATIONAL PTE LTD (R NO I J6W;oooo R L^l i.l WtmEm U^l VANS WAN HAI INF^ QislomerService/BookingsDire<tLine-(1800)*****200 mMngIUMWUginJ^KM^VM MffliWSßji SHW*Sw»S \l A I iJTII blllhtf PKL TEL: (03) *****888 FAX: (03) *****288 UN Tib (04)*****00 FAX: (04)*****99 W»»
      2,850 words
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      4388 26 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • MOTORING
    • Article, Illustration
      Lock icon New Audi A 4 makes a splash with $2m launch
      645 27  -  SAMUEL EE Month-long event involves 1,500 prospective customers, owners By AUDI is unveiling the new A 4 sedan in its biggest launch event here a $2 million affair that will span four weeks and involve 1,500 owners and prospective customers.
      645 words
    • Article, Illustration
      Lock icon Kah Motor rolling out car-sharing scheme
      633 27  -  SAMUEL EE It aims to start in July with a fleet of more than 50 cars By AUTHORISED Honda distributor Kah Motor hopes to kick off its own car-sharing scheme as early as July with more than 50 cars. Most of its fleet will
      ARTHUR LEE  -  633 words
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      106 27 B«^ J H.^ tR J^-^^^^^^^^^^^^^^^" 'W.t.- HbY^^^Bbß ->^^^W fi/M B^B^^^^BBl Receive a copy of the BAB II at Paragon, #06-25/26 B\ \l t.>j I TX^^J^l^^^T m&fvpMFv B* l|li3||lpp|kMUj M Sat:9.3oam-12|>m). M, n A T^^^HliS^^^^^tS^ Please call 6388 3388 A A slffi .-'S' <U I fordetails. r^S^B lfcW. copies B^rffffff RJiEffi
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  • executive Money
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      Lock icon Fund investors cut holding time to their cost
      986 28 Retention, or staying invested, is the key to success, writes GENEVIEVE CUA THE average holding period for mutual funds, as measured by US-based research firm Dalbar, appears to have deteriorated a trend that does not bode well for investor returns. In its
      986 words
    • MANAGING WEALTH
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        Lock icon Staying invested through the cycles
        1240 29 Standard Chartered Private Bank's Peter Flavel tells SIOW LI SEN about his investment goals and his plans for his children and his retirement Q: When did you begin investing? Was there a trigger factor that made you start? A: I began investing while at university,
        ARTHUR LEE  -  1,240 words
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      Lock icon Market sense and insanity
      1179 30  -  ALBERT LAM If your investment horizon is at least 3-5 years, short-term shocks should have little effect on holdings, with assets wisely allocated NVESTORS are having it tough these days as they are bombarded with conflicting views from investment gurus from around the world. Just about
      1,179 words
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      Lock icon Reaping the best returns when outlook stays gloomy
      598 30  -  GENEVIEVE CUA By UNCERTAINTIES still lurk in markets, but the best returns are reaped when one invests while the outlook remains murky, said Beat Wittman, Julius Baer chief executive for investment products. Mr Wittman, who joined Julius Baer late last year from
      ARTHUR LEE; Moody's, Merrill Lynch  -  598 words
    • Article
      Lock icon Why momentum investing is risky during earnings season
      693 30  -  MARK HULBERT -AP High-fliers tend to fall once they unveil earnings: study By MOMENTUM investing a bet that what has gone up will keep going up is risky at any time. But it is especially so during earnings season, when stocks often
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  • Page 28 Miscellaneous
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      76 30 Achieve your aims with an AGSM MBA Full-time MBA commences January, 2009 In Sydney, Australia. First round applications close 1 September 2008. Join Australia's number 1 MBA (Financial Times UK, Global MBA Rankings 2008). INFORMATION SESSION Date: Thursday 15 May Time: 6:30-8.30pm Location: Hilton Hotel, 581 Orchard Road, Singapore *****3
      76 words
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      128 31 w Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Past performance is not a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not
      128 words