The Business Times, 8 May 2008
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2008-05-08
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The Business Times
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Title Section21 2008-05-08 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Thursday, May 8,200821 words
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740 2008-05-08 1 CONRAD TAN - CONRAD TAN Combined net profit slips 2% to $1.75b as trading losses drag down income By [SINGAPORE] The combined earnings of the three Singapore-listed banks fell in the first quarter as trading losses and lower investment income offset gains from continued strong lending growth.740 words
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Article, Illustration25 2008-05-08 1 Nine finalists have been selected for the inaugural Emerging Enterprise Award 2008, jointly presented by The Business Times and OCBC Bank.25 words
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MARKETS DIGEST
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Article29 2008-05-08 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.806 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.69 INDIA 12.25 Source:Bloomberg - 29 words
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Article45 2008-05-08 1 KL COMP 1,287.16 +11.06 NIKKEI 225 14,102.48 +53.22 HANG SENG 25,610.21 -651.92 SET INDEX 848.71 +2.88 JAKARTA COMP 2,382.70 +10.87 MANILA COMP 2,739.43 +11.73 SEOUL COMP 1,854.01 -5.05 SHENZHEN B 555.64 -18.96 MUMBAI IND 17,339.31 -33.70 12NOONEDT Change 12,948.61 -72.22 DOW NASDAQ 2,475.86 -7.4545 words
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Article44 2008-05-08 1 US$ S$ US$ (S$ per US$) 1.360 (USS/SS per 1.963 2.670 EURO (USS/SS/E) 1.550 2.108 YEN 105.20 77.30 RM 3.158 2.321 HK$ 7.795 5.730 BAHT 31.73 23.33 RUPIAH 9,230 6,784 RENMINBI 6.987 5.135 INDIAN RUPEE 41.25 30.32 A$ 1.055 0.776 NZ$ 1.271 0.93444 words
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Article, Illustration537 2008-05-08 1 Preliminary deal for hotel, arcade said to be inked for about $650 m By KALPANA RASHIWALA [SINGAPORE] Raffles Hotel is believed to be changing hands again, along with its adjoining shopping arcade. The overseas buyer is understood to be a family trust, most likelyFILE PHOTO - 537 words
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Advertisement11 2008-05-08 1 —i_ss.. </■'<' V 'v-;;- VIs,; V-:\: v.-v, r "fe-'>-^ "~~~~^^C-'>-'. .->:"-■-■-■ "K:r i11 words
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Page 1 Miscellaneous
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Miscellaneous66 2008-05-08 1 BizlT m AVIATION J| US ELECTION _jL Seagate keen to boost Asia-Pac business class Hj Democrats'presidential |r Spore presence A airfares up 4% in Ql fc—- ~~~M endgame in sight >" "y PAGE 31 k f^l PAGE 22 -~3E^ PAGES 21,24 V DBS Q1 earnings dip 2% to $603 m;66 words
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TOP STORIES
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THREE-MINUTE DIGEST
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81 2008-05-08 2 Clerk-boss pay gap here narrows by 5.1 in 2007 THOSE at the bottom of Singapore's job ladder appeared to have made bigger gains in pay in the tight labour market of the past two years. The pay gap between a clerk and his boss here has narrowed by 5.1 per81 words
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55 2008-05-08 2 DBS Group's first-quarter net profit dipped 2 per cent to $603 million from a year earlier, dragged down by trading losses amid financial market volatility, the bank said yesterday. The lower net profit for the quarter was still better than analysts had55 words
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75 2008-05-08 2 OCBC Bank yesterday reported a 4 per cent drop in first-quarter net profit to $622 million despite higher divestment gains. The earnings beat analysts' expectations, however. OCBC's results for the three months to March 31 were hit by a plunge in life75 words
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Article54 2008-05-08 2 COE premiums softened yesterday amid generally weak demand for new cars owing to concerns about cost of living issues. A certificate of entitlement in Category A for cars below l,600cc posted the biggest fall in the first tender of May, slumping $4,591 to $11,009.54 words
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75 2008-05-08 2 CHINA'S securities regulator has tightened rules on stock incentive plans for executives as it seeks to bolster corporate governance and curb abuses that favoured major shareholders while fanning market speculation. Companies will be barred from making major announcements such as share placements,75 words
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60 2008-05-08 2 FEDERAL Reserve chairman Ben Bernanke, seeking ways to stabilise money markets, will ask Congress for authority to pay interest on commercial bank reserves this year, a person familiar with the discussions said. The central bank isn't authorised by Congress to60 words
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Article, Illustration353 2008-05-08 2 CONRAD TAN - CONRAD TAN Bank will continue to focus on organic growth in its key markets [SINGAPORE] DBS Group's new chief executive Richard Stanley said yesterday that there would be no major changes to the bank's growth strategy or its staff in the near future.JOHN HENG - 353 words
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437 2008-05-08 2 ONG BOON KIAT - ONG BOON KIAT ST Electronics, Sing Tel, NCS in race for 100,000-seat MOE exercise [SINGAPORE] Familiar names emerged yesterday when the Ministry of Education (MOE) disclosed the identities of the companies bidding to take part in the ambitious project to standardise computers437 words
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543 2008-05-08 2 AMIT ROY CHOUDHURY - AMIT ROY CHOUDHURY It vows to unwind commitments in non-core businesses [SINGAPORE] Jade Technologies Holdings said yesterday it has decided to focus solely on its coal mining and related businesses against the backdrop of a $6.1 million loss in the543 words
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476 2008-05-08 2 QUAH CHIN CHIN - QUAH CHIN CHIN Up to three winners will each get $380,000 of interest-free loans, grants and other deals [SINGAPORE] Nine homegrown businesses have been shortlisted for the inaugural Emerging Enterprise Award 2008 (EE2008), co-presented by The Business Times and OCBC Bank. They476 words
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525 2008-05-08 4 CHUANG PECK MING - CHUANG PECK MING Disparities in other Asian countries widen, shows survey of 12m employees [SINGAPORE] Those at the bottom of Singapore's job ladder appeared to have made bigger gains in pay in the tight labour market of the past two years.525 words
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207 2008-05-08 4 Bloomberg It doesn't contain clients' account passwords, user identifications or PINs [HONG KONG] HSBC Holdings pic, Europe's biggest bank by market value, said one of its computer servers holding information about customers' accounts went missing at a branch in Hong Kong. The London-based bank saidBloomberg - 207 words
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Article, Illustration443 2008-05-08 4 Bloomberg [ZURICH] ÜBS AG, reeling from record losses, says the US Department of Justice is investigating whether the world's biggest money manager for the wealthy helped clients evade American taxes. One senior bank employee was "briefly detained" by US authorities as aBloomberg; REUTERS - 443 words
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Advertisement14 2008-05-08 3 \^^^L\^^Li^il ijjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjC^ii^^^il ij^v ijjjjjH w^i^k■ I ijjjjjjjjjjjjjjjjjjjjjjjjjjjj^B ijjjjjHHWHB9^iI^9V^^^9 ijjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj^i^i^i^ta^^^i^fl ijjjjjjjjjjjjjjjjjjjjjjjjjV V* ■KsMVfll J»Sa™ ij^^^^^^Ammt14 words
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Advertisement3152 2008-05-08 4 LOW KENG HUAT (SINGAPORE) LIMITED LANKOM ELECTRONICS LIMITED q (Mcorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING %M Registration No *****0209G WW NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will m I MnTirr ncTmDTVKiiuTn aniuttii rriwirijȴ Muii"nivir< be held at 7F No.3,152 words
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COMPANY NEWS
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Article, Illustration879 2008-05-08 5 – Rishi Sahay - Rishi Sahay, Reuters Concerns include its funding for deal that could top USs2ob if bidding war erupts [NEW DELHI] Bharti Airtel's mooted African expansion will look to franchise a model that has made it the leader in the world's fast-est-growing mobile market, and diversify itsReuters; REUTERS - 879 words
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Article, Illustration615 2008-05-08 6 CONRAD TAN - CONRAD TAN BANK EARNINGS Trading losses drag down income, but earnings still better than expected DBS Group's first-quarter net profit dipped 2 per cent to $603 million from a year earlier, dragged down by trading losses amid financial market volatility, the bankJOHN HENG - 615 words
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691 2008-05-08 6 CHOW PENN NEE - CHOW PENN NEE THE volatility in the financial markets has taken its toll on local bank earnings, with OCBC Bank yesterday reporting a 4 per cent drop in first-quarter net profit to $622 million despite higher divestment gains. The earnings beat691 words
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337 2008-05-08 6 YEN SREENIVASAN - YEN SREENIVASAN STRONG contributions from associates and joint-venture companies and steady growth in line maintenance revenue helped SIA Engineering Co (SIAEC) boost fourth-quar-ter profit 14 per cent to $55.2 million. The year-on-year increase was achieved despite a 5.7 per cent fall337 words
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Article, Illustration477 2008-05-08 6 SIOW LI SEN - SIOW LI SEN STARHUB emerged from a more competitive first quarter with net earnings 15 per cent higher at $80 million, helped by better operating profit and a one-time tax adjustment. "If the one-time net tax adjustment had been excluded in477 words
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Article, Illustration522 2008-05-08 7 VINCENT WEE - VINCENT WEE MARINE EARNINGS Turnover falls 3.9% to $916 m; group unveils board restructuring SEMBCORP Marine yesterday reported a 23.9 per cent increase in first-quar-ter net profit to $91.3 million, from $73.7 million, as turnover fell 3.9 per cent to $916.1 million. SembMarine alsoFILE PHOTO - 522 words
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307 2008-05-08 7 JOANNE CHIEW - JOANNE CHIEW OFFSHORE shipping and shipbuilding group Jaya Holdings has reported a 26 per cent rise in net profit to $113.3 million for the nine months ended March 31, 2008. And for its third quarter ended the same date, net profit307 words
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493 2008-05-08 7 VINCENT WEE - VINCENT WEE DRY bulk shipper Mercator Lines (Singapore) posted a four-fold increase in full-year net profit to U5552.2 million, from US$l2.9 million, on a 72 per cent jump in revenue to U*****.2 million. Mercator's steadily growing fleet and the buoyant dry bulk market were the493 words
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349 2008-05-08 7 SARA LIM - SARA LIM DARCO Water Technologies has won a $36 million contract to build, own and operate a waste recycling facility in Taoyuan County, Taiwan. Under the six-year contract, Darco will recycle domestic and solid waste from industrial and commercial establishments in the county. The349 words
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207 2008-05-08 7 CHARMIAN KOK - CHARMIAN KOK REAL estate fund management company ARA Asset Management, which was listed on the mainboard late last year, saw net profit soar 137 per cent to $9.2 million in the first quarter ended March 31, 2008. Total revenue jumped 107 per207 words
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Article154 2008-05-08 7 Q1 results ended March 2008 resu sen HI G OCBCBk 622.00 647.00 -3.9 1182.00 1106.00 6.9 DBSGrp 603.00 617.00 -2.3 1563.00 SembCorp Marine 91.34 73.74 23.9 916.12 1542.00 953.74 1.4 -3.9 StarHub 80.10 70.00 14.4 534.90 472.70 13.2 People's Food 28.03 44.79 -37.4 504.85 455.73 10.8 PineAgritech154 words
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270 2008-05-08 7 VINCENT WEE - VINCENT WEE ST Engineering's marine arm, ST Marine, continues to take steps towards building up its non-military capability with the securing of a US$l9.4 million contract to build an anchor handling tug and supply (AHTS) vessel for Ezra unit Lewek Shipping. Construction270 words
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248 2008-05-08 7 VINCENT WEE - VINCENT WEE KEPPEL Offshore and Marine (Keppel O&M) has clinched two contracts for offshore support vessels worth $210 million. Keppel O&M unit, Keppel Singmarine, was awarded the first contract for a derrick pipelay vessel by repeat customer Global Offshore International. The multi-purpose construction248 words
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Advertisement118 2008-05-08 6 K^ti^jtit ft Wff^SSy in celebration of y''. j for a mother's day outing filled with J«««- jfii ■4« •*I) L ISm Vm ,1 -'^Skl 111 I Gelang Patah, Johor. **^^555>5\\\\ViV^iV^x^^ H |v tasting, handicraft S plants showcase, golf putting and many more... j||^ L^lFaii^o^orQriionSdnßhdn-i^ 'J) (607) 556 3003 (65)6254 8280118 words
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SINGAPORE MARKETS
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Article, Illustration601 2008-05-08 8 R SIVANITHY - R SIVANITHY STOCKS Banking stocks among the blue chips sold as ST Index sheds 19.8 points AS THE Hang Seng goes, so goes the Straits Times Index (STI). Or as one dealer put it yesterday: "We have no backbone of our own. Everything depends: Bloomberg - 601 words
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Article99 2008-05-08 8 Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 4 0 0 0 7 7 4 Manufacturing 72 68 59 15 80 75 74 Commerce 30 23 18 33 28 21 Tpt/Stor/Comms 15 19 16 21 Finance 10 15 12 11 15 1299 words
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Article122 2008-05-08 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 30.704 30.704 190.488 190.488 Manufacturing 557.671 43.303 600.974 463.210 5.803 469.013 Commerce 105.454 81.977 187.431 138.651 17.163 155.814 Tpt/Stor/Comms 134.607 921 135.528 399.408 250 399.658 Finance 50.030 50.032 508.434 508.435 Construction 27.427 100.482 127.909 8.453122 words
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Article108 2008-05-08 8 Capita Land 6.700 -0.270 CapitaMall 3.560 -0.080 CityDev 11.960 -0.160 Cosco Corp 3.390 -0.030 DBS Grp 20.280 -0.220 F&N 4.940 4-0.060 Gent Intl 0.595 HK Land 4.820 -0.100 JSH 18.160 4-0.320 Jardine C&C 17.040 4-0.120 Keppel Corp 10.660 4-0.160 Keppel Land 6.000 -0.020 NOL 3.510 -0.120108 words
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Article1004 2008-05-08 8 CHOW PENN NEE - CHOW PENN NEE United Overseas Bank May 7c105e:5521.42 Phillip Securities Research, May 7 RESULTS review: UOB has reported a 4.6 per cent increase in core net earnings to ***** million (+2.1 per cent y-o-y, +4.6 per cent q-o-q, Q4 2007: Ssso6 million), with stronger net interest income negated1,004 words
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Article, Illustration442 2008-05-08 8 -AFP CURRENCIES [TOKYO] The dollar gained on the euro and the yen in Asian trade yesterday, supported by hopes that the worst of the recent credit crisis on Wall Street is over, dealers said. Traders were turning their attention to interest rate decisions in the-AFP; AFP - 442 words
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Article52 2008-05-08 8 CLOSE 302.00-128.00 BT OB/OS BT CADI -*****.00 -22.00 BT 10-day MA -*****.00+31.00 FTSE ST Mid Cap 826.05 +1.86 FTSE ST Small Cap 689.63 -3.52 FTSE ST All Share 826.10 -3.62 FTSE ST China 506.70 -3.08 UOB Catalist 152.49 -0.58 SIMSCI 398.67 -2.25 SIMSCI Futures 395.20 -4.00 PrimePartnersCI52 words
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Article56 2008-05-08 8 VOLUME Golden Aqri 110,713,000 Sapphire 93,151,000 Ocean us 78,858,000 SingTel 49,631,000 Yanqzijianq 49,308,000 ChinaEnerqy 45,877,000 DBS MBL eCW*****5 38,391,000 SinqTelMBLeCW*****3 34,450,000 China Honqxinq 32,763,000 Ferrochina 28,907,000 VALUE($) SingTel 188,739,260 DBS Grp 169,590,100 Keppel Corp 148,826,488 UOB 112,702,210 Golden Aqri 103,074,930 OCBC Bk 102,788,377 SGX 99,240,100 CapitaLand 87,801,60456 words
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Article110 2008-05-08 8 CLOSE UP JMH 3270 168.6 3.9 Thai Prime Fd 903 58.5 5.0 JSH 1816 43.5 1.8 StraitsAsia 360 22.0 6.5 DBS Bk6% NCPS 10 ***** 20.0 0.2 OCBC Bk4.5%NCPS 100 ***** 20.0 0.2 Kei MBLiCW/*****3 410 19.0 4. Sino-Env 209 19.0 10.0 Kei Con 1066 16.0 1. Kei MBLJCW*****0110 words
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Article116 2008-05-08 8 CLOSE DOWN 8632 -81.6 -0.7 GLD 10US China H 10US 1821 -80.2 -3.1 SIA 200 1556 -48.0 -3.0 UOBMBLJCW*****0 790 -37.0 -4.5 India Ni 10 1686 -32.0 -1.9 SGX 927 -30.0 -3.1 Cai i Land 670 -27.0 -3.9 SGXMBLJCW*****0 342 -24.0 -6.6 DBS Gri 2028 -22.0 -1.1 Te Land116 words
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Article85 2008-05-08 8 May 7 CLOSE CHNG FR May 6 YR2008 S$ LOW S$ HIGH USS 1.3626 -0.34 1.5479 1.3583 Euro 2.1074 0.02 2.2064 1.9913 Pounds 2.6681 0.21 3.1194 2.6681® AS 1.2897 -0.27 1.3555 1.1741 Yen* 1.2943 0.25 1.4484 1.2285 Rupiah* 0.***** -0.26 0.***** 0.***** Baht* 4.2917 -0.22 4.570085 words
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Advertisement159 2008-05-08 9 v' Sv^St SI TWO WORLDS WILL SHARE A MOMENT IN TIME. THE FIRST A3BO ARRIVES IN TOKYO, 20 MAY 2008. J- V' "^irffl^BTY^ft^^^^^EariML ffl^il^jß^^Erii^^^WiiglSfßgffl' ~.:■>■■ -i- 1" .1"^----'-■'■'"-'.- T -T .'v ~I^l i .'ta-^^^^fc. J' 'U." ■Kf-^aeC'Uflnr''--^^USir'^^Ha L■' Jb£li. JB' IWhf^^M^aVK^ v' KlC^ >'- >*- r- i 1 *s"-"■'■' ■r.159 words
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SINGAPORE NEWS
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Article283 2008-05-08 10 COE premiums softened yesterday amid generally weak demand for new cars owing to concerns about cost of living issues. A certificate of entitlement in Category A for cars below 1,600 cc posted the biggest fall in the first tender of May, slumping $4,591 to283 words
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504 2008-05-08 10 SIOW LI SEN - SIOW LI SEN Advising on Chinese M&As makes it top legal adviser in Asia ex-Japan in Q1 LAW firm Wong Partnership is on a roll, riding a wave of takeovers by global investors keen on companies with operations in China, and by China504 words
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Article, Illustration510 2008-05-08 10 CHEW XIANG - CHEW XIANG Mid-East represents vital growth region for Spore law firms LIBYA could benefit from Singaporean expertise in drafting legislation to support economic growth, says Wong Meng Meng, found-er-consultant of local law firm Wong Partnership. Mr Wong is in Libya as part of a 20-strongFILE PHOTO - 510 words
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185 2008-05-08 10 MARKING its growth in Asia, international financial services firm Cantor Fitzgerald yesterday announced the opening of an office here. Singapore is Cantor Fitzgerald's first expansion outside Hong Kong in Asia. William Selig is managing director of Cantor Fitzgerald (Singapore) Capital Markets. The local team185 words
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638 2008-05-08 10 LEE U- WEN - LEE U-WEN MANAGING talent has emerged as the most urgent challenge for companies around the world today, and Singapore is no exception, according to a new global study. The increasing difficulty in finding enough locals to fill jobs is also prompting more companies638 words
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375 2008-05-08 10 SIOW LI SEN - SIOW LI SEN BNP Paribas has launched an agricultural fund here and is boasting of 15-20 per cent annual returns based on fundamentals, said Jean-Philippe Olivier, the fund creator. Called the BNP Paribas Agriculture Fund, it will give investors opportunities375 words
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Advertisement124 2008-05-08 10 *^^S js c°py f'on any m 9^M Spinelli outlet at 4^ $5.50 and get a A Wk^^ complimentary Spin or Latte! PULSES OUT NOW! The May issue of Pulses is out! Why do several Singaporean entrepreneurs sell the companies that they had successfully built from scratch? When is the right124 words
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Advertisement18 2008-05-08 10 I kway chap T Local information, local content. Find whatever you're looking for in Singapore. rednano.sg FIND MORE18 words
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EMERGING ENTERPRISE 2008
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Article, Illustration1485 2008-05-08 11 SEVEN years ago, Nicklaus d'Cruz put down his pen in favour of the golf club and has never looked back. The former journalist and avid golfer decided to make a career out of the sport he loved. The founder and chief executive of OAAG, aJOSEPH NAIR - 1,485 words
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Advertisement44 2008-05-08 11 PROPERTY DEVELOPMENTS I PROPERTY SERVICES /al^ w^A V 1 11 m jiipi b4 SI BhMBMWIJW^^ BB#WWffßPf^ HI I BANGSAR Pj^j BANDAR RAYA DEVELOPMENTS BERHAD 31 st Fir, Menara Multi-Purpose, Capital Square, No 8, Jin Munshi Abdullah, ***** XL T :+603 2697 8787/2694 7370 www.brdb.com.my44 words
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INGAPORE INTERNATIONAL
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Article, Illustration1030 2008-05-08 12 CHUANG PECK MING - CHUANG PECK MING This South American nation is booming and is looking to develop its economy on all fronts. INTERNATIONAL Enterprise Singapore has turned the spotlight on Peru in its search for new frontiers for Singapore companies. "With its rapid economic growth and the development of1,030 words
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Article, Illustration329 2008-05-08 12 Company mulls expansion after positive experience OLAM has had a smooth sailing into Peru. "We encountered no major problems. It has been a smooth start-up and this is a testimony to the busi-ness-friendly policies of the Peruvian government," says Vivek Verma, the managing director of Olam's329 words
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Article, Illustration916 2008-05-08 13 The country is not only rich in cultural heritage, it also affords a myriad of business opportunities, writes CHUANG PECK MING HAT are the business opportunities for Singapore companies in Peru? Interntional Enterprise Singapore listed real estate hospitality; port and airport development; oil gas development; townshipFILE PHOTO - 916 words
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423 2008-05-08 13 TRADE followed by investment flow is set to pick up between Singapore and Peru. The two countries recently wrapped up talks on the Peru-Singapore Free Trade Agreement (FTA). According to International Enterprise (IE) Singapore, Singapore's trade promotion agency, the free-trade423 words
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Article300 2008-05-08 13 INTERNATIONAL Enterprise Singapore has lined up a series of programmes to help Singapore do business in Latin America. Here are some of the major ones: Inaugural International Business Fellowship Executive Programme on Latin America (June 30-July 4) This inaugural programme will give middle to senior managers300 words
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Advertisement164 2008-05-08 12 With a global network spanning over 30 cities, IE Singapore takes you where you L^LU||UM^^IlL *M want to go From Abu Dhabi to Moscow, Hanoi to Sao Paulo, International Enterprise (IE) Singapore helps you identify new business opportunities and export jlß[^o~^M [^m| markets around the world. With over 20 years164 words
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Advertisement46 2008-05-08 12 IZJ NAL The Business Times I SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com46 words
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Advertisement56 2008-05-08 13 Mjm Date Thursday, 15 May 2008 \"fr. ll 9Siii!fflm!l SnlißßwiH Venue H BSl!H|fclH|iP|yM 230 Victoria Street Level 10 WJW^ M HjMMM|MijiH!M|WH Bugis Juction Office Tower, /ft M HfMHMMMjSMjHII^^ Register now at m jRv www.iesingapore.com/openhouse F§w IE Singapore Open House 2008 Organised by Official Sponsors 131 i=r HoBC 4Xr rflfflj SNGAra"E56 words
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MALAYSIA
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Article, Illustration431 2008-05-08 14 S JAYASANKARAN - S JAYASANKARAN Sedition charges against Raja Petra could inadvertently drag M'sian DPM into the picture THE arrest of blogger Raja Petra Kamaruddin on sedition charges has refocused attention on the murder of Mongolian model Altantuya Shaaribuu and may have inadvertently drawn Deputy PrimeREUTERS - 431 words
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485 2008-05-08 14 PAULINE NG - PAULINE NG But any revisions won't disadvantage concessionaires: govt in Kuala Lumpur MALAYSIA intends to review its many highway concessions in the country with a view to reducing toll charges, Works Minister Mohd Zin Mohamed says. A "serious study" will be conducted485 words
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BRIEFLY ASIA
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64 2008-05-08 14 AFP [BANGALORE] Bharti Airtel yesterday said it had joined a consortium of 15 firms to build a US$7OO million submarine cable system. Bharti, in which Sing Tel has a 30.5 per cent stake, signed a construction and maintenance agreement in London for the Europe IndiaAFP - 64 words
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Article57 2008-05-08 14 Reuters [BEIJING] The third batch of domestic Olympic tickets for Beijing venues was sold out in two days, state media said yesterday, but huge demand strained the online system. A total of 1.38 million tickets for 16 sports were put on sale. Tickets for someReuters - 57 words
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52 2008-05-08 14 Bernama [KUALA LUMPUR] The Securities Commission yesterday announced new guidelines for the Islamic venture capital industry, requiring companies that are taking in these investments to appoint Syariah advisers. Total venture capital investments in Malaysia jumped to RM1.784 biUion (***** million) last year from RM1.59 billionBernama - 52 words
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34 2008-05-08 14 Bloomberg [JAKARTA] Indonesia's central bank raised its inflation forecast for this year to "above" 9 per cent before the government increases fuel prices by as much as 30 Der cent.Bloomberg - 34 words
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Advertisement81 2008-05-08 14 ffil -S^^ti HAsnAM Pin rV MkJlj 1* »WlH> i Krai lX I UuXLAxkkiilAlij VJI *5 Jk '^1W I I J Blir^i LiJra^B I (C-. C s x HIT Sol Li i r j IPPT: isii HL B^ffl-M »^v ■E£r*ifl t y>^^\ 111 L 1 k l\v I fflr^J E' ™^-B81 words
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Advertisement15 2008-05-08 14 AFTER. A BUSY DAS roti mem <mm\m fuw» the ummw^ fAONDAV TO FRIOAV S:00P^'8:00P^ *ivm.tmo9tt.<om15 words
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GREATER CHINA
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Article, Illustration419 2008-05-08 15 Reuters Fukuda urges Hu at summit to continue Tibet talks [TOKYO] Japan and China announced progress towards settling a feud over gas in the East China Sea in a sign of warming ties between the big Asian rivals, and agreed at a summit■ Reuters; BLOOMBERG - 419 words
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Article146 2008-05-08 15 Bloomberg [HONG KONG] Bank of China, the only yuan clearing bank in Hong Kong, said it has raised transaction costs for conversions between the city's currency and the yuan more than sevenfold. Bank of China's Hong Kong branch widened the spread between the costBloomberg - 146 words
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396 2008-05-08 15 Reuters, Xinhua Regulator seeks to bolster governance, cut abuses favouring major shareholders [SHANGHAI] China's securities regulator has tightened rules on stock incentive plans for executives as it seeks to bolster corporate governance and curb abuses that favoured major shareholders while fanning market speculation.Reuters, Xinhua - 396 words
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375 2008-05-08 15 -AFP [BEIJING] South China's Guangdong province is the latest area in the nation to unveil plans to raise wages, state media said yesterday, a move economists worry runs counter to efforts to rein in inflation. Guangdong provincial labour authorities said in a-AFP - 375 words
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Page 15 Advertisements
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Advertisement177 2008-05-08 15 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, giving177 words
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Advertisement122 2008-05-08 15 Terms Conditions Fares shown are per person for a round trip on Business Class. Sales Period is from 14th April to 14th May 2008. Ticket must be issued within 7 days /upon confirmation of booking or by 14th May 2008 whichever is earlier. Travel Period is from 14th April to122 words
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INDIA
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Article, Illustration308 2008-05-08 16 [NEW DELHI] The Indian government has no immediate plans to establish a sovereign wealth fund (SWF), Finance Minister Palaniappan Chidambaram said, the Business Standard reported yesterday. "There is no such proposal under consideration of the government at present," MrREUTERS FILE PHOTO - 308 words
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527 2008-05-08 16 aloomoerg It aims to ease curbs on foreign investment in insurance, banking [NEW DELHI] India's government will try to win agreement from coalition allies to ease restrictions on foreign investments in insurance, banking and pensions in its final year in office, Finance Ministeraloomoerg - 527 words
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242 2008-05-08 16 Bloomberg [LONDON] Indian billionaire Anil Ambani will sell 12 artworks to raise cash for a charity run by his wife Tina, a former Bollywood star, Christie's International said. The paintings and sculptures may raise more than £100,000 (*****,000) in a London sale onBloomberg - 242 words
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Page 16 Advertisements
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Advertisement161 2008-05-08 16 Beyond first impressions Straits Trading Building A level of services that sets new standards The first impression for tenants and visitors is a warm welcome that is impressive in itself. But beyond first impressions, it's about luxury and distinction that surpass the convention of prestige. Like new standards in tenant161 words
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ECONOMY WATCH
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Article, Illustration345 2008-05-08 17 Reuters [BRUSSELS] Europe's trade chief appealed on Tuesday for urgent progress in long-delayed negotiations for a world trade deal, saying the next key step needs to take place by the end of next week. "If people ask me now orReuters; REUTERS - 345 words
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203 2008-05-08 17 Reuters [WASHINGTON] International Monetary Fund (IMF) member countries on Tuesday voted overwhelmingly to broaden the Fund's investment reach, including the creation of an endowment with profits from the proposed sale of 403 tonnes of gold. The IMF, which played a central role in– Reuters - 203 words
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413 2008-05-08 17 Bloomberg It wants to bring forward date from 2011 to stabilise money markets [WASHINGTON] Federal Reserve chairman Ben Bernanke, seeking ways to stabilise money markets, will ask Congress for authority to pay interest on commer-cial-bank reserves this year, a personBloomberg - 413 words
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273 2008-05-08 17 ■AP [WASHINGTON] Battling to relieve stressed credit markets, the Federal Reserve said on Tuesday it has provided a total of US$435 billion in short-term loans to squeezed banks since December last year to help them overcome credit problems. The central bank announced the■AP - 273 words
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Page 17 Advertisements
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Page 18 Advertisements
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Advertisement53 2008-05-08 18 HEHW^^SVHHiS^KS^v';«& I(fe.^^^B^ j'?"" Developed by: In Partnership with: Marketing Agents: |w I I ii ifD Far East Organization Far East Retail Consultancy Pte Ltd Frank* £2 pS i| orcQdrdcontrcil Tei +********** Tei +*****2333 I"" 1" X iiK* www.orchardcentral-oc.com.sg 400 Stores. Duplex Spaces. Discovery Walk. The Jewel Box. Rooftop Dining. New53 words
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MIDDLE EAST
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Article, Illustration381 2008-05-08 19 Bloomberg It will buy banks and other overseas assets that comply with Syariah law [DUBAI] Dubai Holding, the investment group owned by Dubai's ruler Sheikh Mohammed bin Rashid al-Mak-toum, merged its Dubai Bank and Dubai Islamic Investment Group units to create a US$lOBloomberg; AFP - 381 words
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527 2008-05-08 19 Reuters [RIYADH] Saudi Arabia should boost transparency and deal with huge levels of domestic liquidity before allowing direct foreign ownership in its bourse, speakers at an investment conference said on Tuesday. The world's largest oil exporter is following a gradual and cautiousReuters - 527 words
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Article8350 2008-05-08 19 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.934/ Star Europe Bond 1.185/ Star Europe Bal 1.16/ Star Asian Tiger Eqty 1.385/ Star Asia Bond 1.176/ Star Asia Balanced 0.97/ Star Global Technology Fund!** 0.198/ Multi St Fd 0.815/ Star Asia Bond(USD) 0.865/ Gib Multi St USD8,350 words
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ASIA-PACIFIC/WORLD
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586 2008-05-08 20 AFP Besides USssoom aid, it would double agriculture lending in 2009 to USs2b [MADRID] The Asian Development Bank (ADB) will provide US$5OO million in immediate assistance to member nations hit hardest by soaring food prices, the president of the bank announced onAFP - 586 words
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Article2265 2008-05-08 20 flay 7 RM ASM Realty 0.60 \bric Bhd 0.20 advance Synergy 0.12 Adventa Bhd 1.32 Ae Multi Hldgs 0.22 Win Holdings 2.02 Ahmad Zaki Resou 0.97 AicCorp 0.52 \irasia Bhd 1.22 Akn Technology 0.51 alliance Financi 3.08 aluminium Co 1.02 Amalgamated Ind 0.43 tamb Hldgs Bhd 4.00 Amtel2,265 words
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222 2008-05-08 20 Reuters [NEW YORK] US Treasury Secretary Henry Paulson said US financial markets are emerging from the credit crunch that many economists believe has pushed the country to the brink of recession, according to The Wall Street Journal. "I do believe that the worst is– Reuters - 222 words
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Article, Illustration337 2008-05-08 20 Bloomberg [UNITED NATIONS] As many as 60,000 people may have died in the May 3 cyclone that struck Myanmar, the United Nations said as it called on the military government to allow international workers to start relief operations. Aid officials,Bloomberg; REUTERS - 337 words
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490 2008-05-08 20 AP LATEST US DATA [WASHINGTON] US worker productivity rose by a bet-ter-than-expected amount in the first three months of the year while labour cost pressures eased. The Labor Department reported yesterday that productivity, the amount of output per hour of work, increased atAP - 490 words
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Article, Illustration368 2008-05-08 20 Bloomberg US ELECTION RESULTS [NEW YORK] Senator Barack Obama moved closer to clinching the Democratic presidential nomination on Tuesday by decisively defeating Senator Hillary Clinton in North Carolina and losing to her by a narrow margin in Indiana. Mr Obama, whoBloomberg - 368 words
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Page 20 Advertisements
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Advertisement102 2008-05-08 20 If you are in any of these situations: You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch and102 words
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AVIATION
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Article, Illustration374 2008-05-08 21 NISHA RAMCHANDANI - NISHA RAMCHANDANI Strong demand for long-haul flights to Americas, intra Asia-Pacific routes BUSINESS class airfares in the Asia-Pacific rose 4 per cent in the first quarter of this year on strong demand for long-haul flights to the Americas and intra Asia-Pa-cific routes.FILE PHOTO - 374 words
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367 2008-05-08 21 rVEN SREENIVASAN - rVEN SREENIVASAN SIA to use aircraft on one of its thricedaily flights for one week in August IF you'd like to be among the lucky few to fly to the 2008 Beijing Olympics on the world's biggest passenger plane, here's your367 words
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497 2008-05-08 21 Reuters [CHICAGO] The march of oil prices to record highs is causing unrelenting pain for US airlines, whose attempts to balance their fuel bills through fare increases may soon meet stubborn resistance from customers. Nymex crude notched a record high above US$l22Reuters - 497 words
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315 2008-05-08 21 Bloomberg [LOS ANGELES] UAL Corp, the parent of United Airlines, reached agreement with lenders to amend terms of US$l.5 billion of bank loans as the world's second-largest carrier struggles with rising fuel bills. The accord eases some debt covenants forBloomberg - 315 words
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Article2410 2008-05-08 21 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finna r Oy (FIN), AZ Alit- a Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bannladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn 8,,^,,., Airlines (BOU), BR EVA2,410 words
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Page 21 Miscellaneous
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Miscellaneous372 2008-05-08 21 CRYPTIC CROSSWORD ACROSS 1 Highly esteemed gent has I |j |Fjl[4 I I 5 this report of nocturnal crim6 File with grip that's no good H^—^ 9 Temple icon being forged, H^F^ not yet finished (10) H^^^Jl^^^JlM__J^H_|Hl__H^^J__^J__ 13 Goes past red foolishly (7) is~~^ ■■TeH 15 You are one boss372 words
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AVIATION/SHIPPING
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Article, Illustration445 2008-05-08 22 Bloomberg Shipping line to spend USsBlom on fleet expansion to meet rising demand [SEOUL] STX Pan Ocean Co, South Korea's largest bulk shipping line, said that first-quarter profit surged almost five-fold as demand for transporting raw materials to China allowed it toBloomberg; file PHOTO - 445 words
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224 2008-05-08 22 Bloomberg [SINGAPORE] Royal Dutch Shell pic, Europe's biggest oil company, has hired two tankers to transport 140,000 tonnes of jet fuel from Asia to the UK after a strike at a refinery in Scotland cut supplies. Shell chartered the Oriental GreenBloomberg - 224 words
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Article427 2008-05-08 22 M'sian firm to invest USssoom to boost telecom facilities [KUALA LUMPUR] Stratospheric Airship Technologies Sdn Bhd (SAT), a pioneer in the manufacture of commercial airships, plans to invest some US$5OO million in the Subic Bay Freeport to build communications airships, designed to augment telecom facilities,427 words
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182 2008-05-08 22 AFP [HANOVER] The biggest European travel company TUI yesterday said it had slashed an operating loss during the first quarter with a strong performance from its shipping operations. The German company said its losses before interest, tax and amortisation had fallen during theAFP - 182 words
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Article, Illustration510 2008-05-08 22 neuters [PARIS/FRANKFURT] Airbus scrapped talks to sell two French factories to supplier Latecoere yesterday, bowing to the global credit crisis for the second time in a month after a similar sale collapsed in Germany. The move leaves severe doubts over the Europeanneuters; AFP - 510 words
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266 2008-05-08 22 Reuters [WASHINGTON] A bill to modernise the United States air traffic system, increase safety oversight and improve customer service was derailed on Tuesday by US Senate wrangling over attempts to include unrelated measures. The massive multiyear blueprint authorising Federal Aviation Administration– Reuters - 266 words
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TRANSPORT STOCKS
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Article125 2008-05-08 22 '000 lay 7 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.63 0.37125 words
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Article46 2008-05-08 22 '000 MS Vol nt'G Logistics MISC Bhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0 83 9 40 9 50 4 30 3 16 021 0 14 -0.01 -0.05 0.15 0.08 unch -0.05 -0.01 7 45 325 1701 14 12 5046 words
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Article14 2008-05-08 22 '00 Baht Vol Precious Ship Regional Cont 25.25 24.00 0.25 -0.30 3140 49114 words
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Article11 2008-05-08 22 '000 JOil iingamas Cont 51.75 ..2.29 -1.65 -0.07 230! 497111 words
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Article24 2008-05-08 22 '000 Peso Vol Aboitiz Equity ntl Container Keppel Marine Keppel Prop 6.50 31.00 2.50 unch -0.10 unch unch unch 1943 312 1499 024 words
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Article20 2008-05-08 22 Evergreen Marine ...28.30 :irst Steamship 80.50 /Van Hai Lines 26.85 t'ang Ming Marine...23.60 0.45 1.50 0.45 0.50 1. r20 words
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Article43 2008-05-08 22 '000 Mai Yen Vol Kawasaki Hvy Ind ..267.00 7.00 ***** Kawasaki Kisen ....1111.00 31.00 8247 Mitsubishi Hvy 480.00 6.00 ***** Mitsui Eng&Sbldg...365.00 29.00 ***** Mitsui Osk Lines ...1515.00 76.00 ***** Nippon Express 568.00 -6.00 2751 Nippon Yusen 1051.00 5.00 7588 Source: Reuters43 words
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Page 22 Advertisements
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Advertisement129 2008-05-08 22 "If you want to GROW your wealth, j^k j^ this is one MONEY-MAKING SKILL W^ that you absolutely MUST know about." Vl. Hi, I'm Joe Augustin, and I'm talking about TRADING. Whether it's trading stocks, shares, futures or forex, you need to know how to trade like Che professionals, so129 words
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EDITORIAL & OPINION
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Article484 2008-05-08 23 THERE was more than a little irony in the suggestion by US governor to the Asian Development Bank (ADB) Clay Lowery at its meeting in Madrid that the institution is in danger of becoming "irrelevant". In fact, the ADB has never looked more relevant to484 words
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Article, Illustration966 2008-05-08 23 LEON HADAR - LEON HADAR After a rock-solid victory in the North Carolina primary, Obama looks set to win SENATOR Barack Obama, the frontrunner in the Democratic race for party's presidential nomination, is back in business, and after a rock-sol-id victory in the North Carolina primary andAFP - 966 words
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Article, Illustration794 2008-05-08 23 WILLIAM PESEK JR - WILLIAM PESEK JR Bloomberg THE BOTTOM LINE UNTIL last week, the next oil the critical resource growing ever scarcer and prompting desperate behaviour to ensure supplies was water. Turns out, it's rice. That's at least what some Asian leaders think. HenceBloomberg - 794 words
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Article, Illustration1120 2008-05-08 24 RICHARD SCHULTE - RICHARD SCHULTE Letting people work together within an effective group structure will ensure that firms operate at an optimum level ONE key component in the management of a business is the recruitment of people. While it is important to find candidates with the rightLUDWIG ILIO - 1,120 words
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Article, Illustration940 2008-05-08 24 ANTHONY ROWLEY - ANTHONY ROWLEY NOTHING focuses the mind like a crisis. The one that struck East Asian nations in 1997 galvanised policymakers into building defences against further attacks on their currencies and now the sub-prime mortgage crisis has sent financial officials into a new flurry940 words
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Page 24 Advertisements
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Advertisement77 2008-05-08 24 BE THE FIRST TOKNOW Breaking 1 nevis/ m smsniert/ Monthly Subscription Rate English SMS Alert Business Finance News @$5.35/mth Singapore News @$4.28/mth World News @$4.28/mth Chinese SMS Alert Chinese News @$4.28/mth •Soccer Info/News @$5.35/mth Dial #155 to sign up now and enjoy the first 30 days' subscription FREE! Service exclusive77 words
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SINGAPORE STOCKS
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Article8501 2008-05-08 25 Transaction date: May 7 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Company 5716 1st Software 22 6.5 3148 STelecom 28.5 8.5 5834 A-Sonic 110 100 6389 ABFSGBondETF 30 12 1938 AEICorp 24.58,501 words
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Article65 2008-05-08 25 _Hm Low Code Comi Sale ('000) _Hm Low Bui Seller C'vr P/E $mil 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS 398.3 288 6009 STI ETF 3977.9 3013.7 6010 STI ETF65 words
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Article1970 2008-05-08 25 Hii Low Code Comi ran' Sale COOP] Hii Low Bu1 tet Seller C'vr P/E >mil 30 11.5 1181 s AAGrp 41.5 16 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5 3518 s Afor 70.5 12 1524 s Alantac 22.51,970 words
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Article217 2008-05-08 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer217 words
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Page 25 Advertisements
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Advertisement33 2008-05-08 25 m -ii iSSmmvf^lmW R THE EDWARD PIGUET WATCH Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED ftfeZ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com33 words
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FINANCE & COMMODITIES
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370 2008-05-08 26 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 6 World Index Preliminan 1066.0 -0.2 -5.8 0.1 -9.0 0.1 -3.I EAFE Preliminai 1025.8 -0.4 -8.5 0.1 -9.2 0.1 -3.: Euro[ Preliminan 1409.8 -0.5370 words
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Article132 2008-05-08 26 As at 9am May 7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2820 1.2980 Can dollar 1.3470 1.3640 Euro 2.0960 2.1200 NZ dollar 1.0640 1.0870 Sterlini ind 2.6630 2.6930 US dollar 1.3510 1.3670 Local dollars to 100 units of foreign132 words
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Article160 2008-05-08 26 May 7 $S_ Offer Bid Overnight 1/8 1 -month 13/16 2-months 1 1/4 3-months 1 3/8 Overnight mode: 9/16 US$ Offer PAR 1 1/16 1 1/8 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.60 2.75 2.80 2.90160 words
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Article25 2008-05-08 26 May 7 ten Hii Sett STI SIMSCI Ma' 401.3 402.1 395.2 Taiwan Ma' 343 347 343.8 Source: MF Global (S) Pte. Ltd25 words
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Article22 2008-05-08 26 May 7 S! Bid Offer 1-month 1.3580 1.3593 2-months 1.3564 1.3578 3-months 1.3547 1.3562 6-months 1.3510 1.3526 Source: OCBC22 words
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Article157 2008-05-08 26 May 7 Against SS Currencies Bid Offer Against USS Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.2885 1.2900 0.9475 0.9478 Canadian dollar 1.3556 1.3569 0.9968 0.9970 Euro 2.1069 2.1091 1.5493 1.5497 NZ dollar 1.0696 1.0718 0.7865 0.7875 Sterlini 2.6691 2.6718 1.9627 1.9631 US157 words
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Article345 2008-05-08 26 May 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.375 97.335 97.080 96.900 0 0 0 0 ***** ***** ***** ***** EUROYEN FUTURES Jun08 99.150 99.150 Sep08 99.090 99.090 Dec08 99.015 99.030 Mar09 98.965 98.970B Jun09 Sep09 Dec09 Mar10 99.140 99.070A 99.010A345 words
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Article282 2008-05-08 26 May 7 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 09 402.25 396.75 394.25 392.25 391.50 392.50 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open282 words
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Article103 2008-05-08 26 May6\ SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 08 1264.50 1273.00 1317.00 1268.00 Jul 08 1277.00 1286.00 1333.00 1275.00 Aug 08 1270.00 1278.50 1325.00 1272.00 Sep 08 1242.50 1247.50 1274.00 1240.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 57.32 56.77 58.65 57.20103 words
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Article76 2008-05-08 26 CRUDE OIL PRODUCTS May 6 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 120.6 2.97 WTI (Near Mth) 121.84 1.84 Dubai (1-Mth F) 112.49 3.22 Tapis blend 124.4 3.2 Minas 120.35 3.45 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 108.95 142.80 2.45 1.6 USS/barrel Opec Oil76 words
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Article466 2008-05-08 26 May 7 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.951 6.621 0.612 7.387 39.086 87.463 0.997 9.730 2.993 1.204 63.019 40.356 1.289 7.143 0.998 28.923 30.071 0.483 0.948 Canada 1.052 6.965 0.643 7.771466 words
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Article90 2008-05-08 26 May 7 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****E 07.08.08 1-Year BY*****N 04.05.09 0.88 1.03 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's ah Low Hii 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year NY*****F 3.75090 words
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Article76 2008-05-08 26 May 7 1 mth 2.***** 1.***** 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.***** SWAP76 words
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Article62 2008-05-08 26 May 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 08 Jun 08 3382 Jul 08 3390 Aug 08 3402 Total o/p: ***** contracts 3319 3350 3390 3350 3355 3408 3352 3351 3405 3351 Turnover: 5794 lots62 words
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Article139 2008-05-08 26 May 7 GOLD (USS/oz) Mai 07 Ma: 06 Hong Kong London 873.60 877.20 874.60 878.20 May 06 May 02 879.10 855.80 880.10 856.80 Source: Reuters CAST BAR (SS) May 07 Buying Sellini Kilobar "41,261.34" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1139 words
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Article67 2008-05-08 26 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 2927.20 2876.50 3 months 2973.00 2920.00 Copper, Grade A (USS/tonne) Cash 3 months 8675.00 8520.00 8560.50 8410.00 Lead (USS/tonne) Cash 2537.00 3 months 2555.00 2569.00 2585.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00 *****.00 367 words
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Article81 2008-05-08 26 May 6 (£/tonne) Close Prev Hii ih/Low May 08 1456 1407 1456/1409 Jul 08 1474 1423 1479/1423 Sep 08 1415 1367 1420/1370 Dec 08 1396 1350 1399/1352 COFFEE (USS/tonne) Close Pev High/Low May 08 2110 2104 2150/2115 Jul 08 2140 2126 2185/2134 Sep 08 2143 2130 2186/2139 Nov08 213081 words
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Article2091 2008-05-08 26 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 9092 Asia Environment W*****4 15.5 4 50 1 38 9 3.16 15 2878 Aztech Systems W*****6 4.5 -1 187 1 51 113 5.78 26 3666 Capitaland BNP ECW*****9 13.52,091 words
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Advertisement1824 2008-05-08 27 m The Business Times mmua Shipping Times i W^ r9H yummi hlje^mHlt \Mfi iiuJ 111 Destination Destination STXPOTBN RTM/ANR/TIL STXPOTBN CDN/NFK/SAV/NOL Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination PAN BLESS DBI/ABU/BRN/DOH/DMM/KWT RED RIVER INC/BSN Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia,1,824 words
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Advertisement1459 2008-05-08 27 WAN MAI lIMItKIMAIIOIMAL Kit LIU CRNO: **********0/R %TTr^\ II a I hup* TEL:*****588 (14 LINES) FAX:*****163 \.\M\IAfAM HA I INpN Customer Service/Bookings Direct line-(1800)*****200 N^k I linll I IHI LIIILJ ™l TEL: (03> *****58S FAX: (03) *****28S PtN TEL: (04) *****00 FAX: (04)*****99 W<» JOH TEL: (07) *****23 FAX: (07)*****211,459 words
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Page 28 Advertisements
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Advertisement2682 2008-05-08 28 PSL SERVICE Connecting AMX Service via P.KLANG Connecting ECL Svc via MALTA VESSEL VOY SIN I PKL I KHI I DXB I Blip Ml I VLC I BCN I GOA I DA~ FXT I HAM I ANR I LEH SAHAND PCL 0574 09/05 10/05 17/05 18/05 FIFTH OCEAN AMXIIOIW 28/052,682 words
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Advertisement626 2008-05-08 28 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL I VOY I SIN I PKL I [MB I NSA I [MB SO VIJAY 021W I3MAY 14 MAY 17 MAY 21 MAY 25 MAY SCI KIRAN OIIW 20MAY 21 MAY 24MAY 28MAY 01 JUN KOTA PAHIAWAN626 words
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Page 29 Advertisements
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Advertisement4425 2008-05-08 29 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'n4,425 words
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BizIT
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Article, Illustration1025 2008-05-08 30 Disk drive maker rolls out more than one billion drives worldwide, writes AMIT ROY CHOUDHURY DISK drive maker Seagate, which recently became the first hard disk drive (HDD) maker to produce more than one billion drives, will continue to maintain a strong presence1,025 words
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Article, Illustration1008 2008-05-08 30 ONG BOON KIAT - ONG BOON KIAT THE BIZIT INTERVIEW WHILE many of Singapore's government offices will continue to be tied up by proprietary front-end software for the next eight years, Novell chief executive Ron Hovsepian is convinced open source adoption in Singapore by both government1,008 words
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Article, Illustration367 2008-05-08 30 WINSTON CHAI - WINSTON CHAI INSTEAD of using the cellular network, local users may soon be able to hook up their handsets to their broadband connections to cut the costs of making voice and video calls at home. Star Hub is testing out this promise by putting367 words
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346 2008-05-08 30 NYT Apple to sell handset by summer holidays in August [BERLIN] Apple plans to begin selling the long-await-ed, faster 3G version of its best-selling iPhone by the August summer holidays in some European countries, a person close to the situation said, asNYT - 346 words
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PROPERTY
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403 2008-05-08 31 Bloomberg [DUBLIN] Intercontinental Hotels Group pic, the owner of the Holiday Inn chain, said first-quarter profit fell 34 per cent following the sale of hotels to focus on managing and franchising sites. Net income declined to £31 million (5582.8 million), or 10.5 penceBloomberg - 403 words
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302 2008-05-08 31 Bloomberg Values fall 7.7% in Q1 to lowest point in nearly 3 years [NEW YORK] US home values dropped 7.7 per cent in the first quarter to the lowest in almost three years, according to estimates by Zillow.com, an online data provider. The declineBloomberg - 302 words
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Article577 2008-05-08 32 Bloomberg Move comes ahead of its Sept listing; firm may also invest overseas from 2010 [KUALA LUMPUR] UEM Land Sdn, developer of Malaysia's biggest commercial and housing project, plans to start real estate investment trusts (Reits) and new property developments as it prepares for aBloomberg - 577 words
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432 2008-05-08 32 Reuters [JAKARTA] Asian Finance Bank, one of three foreign Islamic lenders in Malaysia, plans to set up an Islamic property fund of up to US$5OO million next year to tap what it considers to be an undervalued market. The bank, owned by QatarReuters - 432 words
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Advertisement129 2008-05-08 32 I W^ 1 33 Tannery Lane 6 storey factory building with basement carpark Si 10 June 2008 (Tue) 4pm I For further enquiries, please call I Hotline 6494 3868 Meng Wee 9845 6688 Sze Sze 9828 0866 Company Reg No. *****4794D —^^—^^—^^—^^—^m m Modern 16-storey Building with 238 units Strategic129 words
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