The Business Times, 27 May 2008

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Microfilm: NL29367
Total Pages: 32
1 32 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 Tuesday, May 27,2008
    22 words
  • Article, Illustration
    Lock icon June Pulses out now!
    116 1 IN THIS ISSUE: Discover what or who is turning Boustead into a leading Asian MNC. Also, check out where you can invest to ride agri-inflation. In our CEO Chat, Liew Mun Leong speaks his mind on corruption and paints his vision for Capita Land, while Goodpack's
    116 words
  • Article
    Lock icon Govt agencies asked to tighten CBD space usage
    715 1  -  ARTHUR SIM New exercise targets efficient use to free up more space for private sector By [SINGAPORE] Government agencies in the Central Business District have been told to re-evaluate their office space needs in light of the current office space crunch, even
    715 words
  • Article
    Lock icon Exporters get by as rivals also face rising costs: Hng Kiang
    568 1  -  CHUANG PECK MING He says strong S$ brings limited downside, cheaper imports By [SINGAPORE] Costs are going up. The Singapore dollar has become stronger. Together, these two developments would normally spell trouble for exporters. But not so in the
    568 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.729 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.00 US 5.00 CANADA 4.75 SWITZERLAND 3.88 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      46 1 Mom iam KL COMP 1,273.37 -1.41 NIKKEI 225 13,690.19 -322.01 HANG SENG 24,127.31 -586.76 SET INDEX 856.80 -18.79 JAKARTA COMP 2,419.73 -46.23 MANILA COMP 2,840.52 -8.76 SEOUL COMP 1,800.58 -27.36 SHENZHEN B 528.54 -7.44 MUMBAI IND 16,348.50 -301.14 12NOON EDT Change DOW Closed NASDAQ Closed
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    • Article
      Lock icon FOREX
      43 1 us$ S$ US$ (S$ per US$) 1.360 (USS/SS )er 1.979 2.691 EURO (USS/SS/E) 1.577 2.144 'EN 103.40 76.00 RM 3.225 2.372 HK$ 7.804 5.739 BAHT 32.15 23.64 RUPIAH 9,355 6,880 RENMINBI 6.938 5.102 INDIAN RUPEE 42.62 31.34 1.042 0.766 NZ$ 1.273 0.936
      43 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      67 1 CANNES FILM FESTIVAL ?^J^ T^f EMERGING n rif^El SME 0\ French classroom drama £jft^*^yjk ENTERPRISE *^,SM|^P^ Chickenrice L:% T takes the top prize c craw^ team's i^Mfi %J fr°m scratch m page 19 lltij^^ggftlb^ftj masterplan PAGE 9 Z^^ I^JL pageio Bids for residential site below expectations PAGE 26 Katong Mall
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Developer joins bid for Shaw Brothers
        66 2 A GUESSING game over who will bid for Sir Run Run Shaw's flagship Shaw Brothers intensified over the weekend as a property developer emerged as a prime contender. Businessman Yeung Kwok-keung has received HK$3 billion in financing from Henderson Land Development chairman Lee Shau-kee
        66 words
      • Article
        Lock icon OCBC to raise up to $1b via preference share issue
        72 2 OCBC Bank plans to raise up to $1 billion via a preference share issue carrying a fixed dividend rate, confirming market talk that it needs to boost its capital. Yesterday OCBC said that the preference shares will carry a fixed
        72 words
      • Article
        Lock icon JPMorgan targets retail investors with ELN offer
        79 2 UNFAZED by the recent softness in equities-laden structured products, JPMorgan yesterday launched the first equity-linked notes aimed at retail investors with conditional principal protection. The JPMorgan Asia Confidence Notes are linked to four underlying Asian Indices the MSCI Singapore Cash IX, Thailand's Set
        79 words
      • Article
        Lock icon Courts (S) full-year net loss widens to $19.5m
        69 2 COURTS (Singapore) Ltd has suffered a net loss of $19.5 million for the full year ended March 31, 2008 larger than the loss of $17.4 million in the previous year following its decision to close its operations in Thailand. As well, the
        69 words
      • Article
        Lock icon New way to make car accident claim launched
        51 2 A NEW way to go about making an insurance claim after an auto accident was launched yesterday, in a move that further marginalises Idac the Independent Damage Assessment Centre and reflects the runaway losses in the motor insurance industry, SINGAPORE NEWS, PAGE
        51 words
      • Article
        Lock icon Thai economy grows 6% in first quarter
        47 2 THAILAND'S economy grew 6 per cent in the first quarter as the nation's first elected government since 2006 increased confidence and consumer spending. Gross domestic product expanded from 5.7 per cent in the previous three months. ECONOMY WATCH, PAGE 12
        47 words
      • Article
        Lock icon M'sia may lift curbs on foreign law firms
        41 2 MALAYSIA may allow foreign law firms to operate in the country for the first time to strengthen international confidence in the country's legal process, Law Minister Zaid Ibrahim said yesterday. MALAYSIA, PAGE 13
        41 words
      • Article
        Lock icon Bids for residential site fall short of expectations
        58 2 A RESIDENTIAL site in Choa Chu Kang Drive has attracted a top bid of just $203 per square foot per plot ratio, reflecting weak sentiment in the property market. The tender drew five bids Tian Hock Properties came out tops with an
        58 words
    • Article, Illustration
      Lock icon Keppel, SembMarine climb on oil fever
      630 2  -  YEN SREENIVASAN Both rig builders draw more investor interest on news of possible new orders By [SINGAPORE] Soaring crude prices have prompted oil exploration companies to venture into hitherto unprofitable deeper offshore in search of the black gold. And this, in turn, has cast
      630 words
    • Article
      Lock icon PM Lee takes the stand to answer Chee point by point
      660 2  -  MICHELLE QUAH SDP DAMAGES HEARING He says SDP does not represent the opposition in Spore By [SINGAPORE] Prime Minister Lee Hsien Loong yesterday refuted suggestions he was seeking to cripple the opposition and dismantle the Singapore Democratic Party (SDP),
      660 words
    • Article
      Lock icon Developer joins bid for Shaw Brothers
      604 3  -  JANE MOIR Yeung Kwok-keung has HKs3b loan from chairman of Henderson Land in Hong K.ong A GUESSING game over who will bid for Run Run Shaw's flagship Shaw Brothers intensified over the weekend as a property developer emerged as a prime contender. Businessman Yeung
      604 words
    • Article, Illustration
      Lock icon E50 Awards: Qualitative factors get more play
      538 3  -  OH BOON PING These factors will now account for 45% of the overall score By [SINGAPORE] Corporate visionaries will have much to cheer about, as the annual Enterprise 50 (E5O) Awards now places more emphasis on qualitative factors, the organisers said at its
      JOSEPH NAIR  -  538 words
  • Page 2 Advertisements
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      672 2 b I HOSEN GROUP LTD. IIU (incorporated in the Republic of Singapore) ■9 (Company Registration Number *****3029E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (EGA?) of Hosen Group Ltd. (Company) will be held at 320 Jalan Boon Lay, Singapore *****5 on 16 June
      672 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      173 2 JSf My work requires me to listen well. 11 dlibTUl Illllilj J Widex helps me do just that. CIIIIISnAK^ A 3lllljcl|JUl tr Powerful Communication Begins With Widex. The ability to listen well is as powerful as it is to speak well. Not a day passes when one is not required
      173 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      331 3 "For air miles alone, the Citi Premier Miles Card... iS hard tO beat." SPW -The Business Times Only Citi Premier Miles rewards you with the most miles, fastest*: 5,000 Citi Miles on the first transaction 1.2 Citi Miles with every Ssl spent O^^l Annual bonus of up to 20,000 Citi
      331 words
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  • COMPANY NEWS
    • Article
      Lock icon Will Hyflux's Algeria deal prove to be Dubai redux?
      811 4  -  CHEW XIANG HOCK LOCK SIEW By MAY, 2005. Hyflux announces net profit for the quarter to March is up 219 per cent to $8.98 million. Revenue doubles year-on-year to $24.2 million; 72 per cent of sales come from the Middle East
      811 words
    • Article
      Lock icon OCBC $1 b preference shares to come with fixed dividend
      403 4  -  SIOW LI SEN By OCBC Bank plans to raise up to $1 billion via a preference share issue carrying a fixed dividend rate, confirming market talk that it needs to boost its capital. This comes on the heels of DBS
      403 words
    • Article
      Lock icon New Mapletree project
      170 4 Reuters MAPLETREE, a real estate unit of Singapore investment company Temasek, said yesterday it is developing property worth US$32O million in China's Guangdong through its private real estate fund. The Mapletree India-China Fund will have an 80 per cent stake in the project, which includes seven blocks
      – Reuters  -  170 words
    • Article
      Lock icon Del Monte Pacific faces US$100m suit
      225 4 DEL Monte Pacific Ltd (DMPL) says Fresh Del Monte Produce Inc (FDM) has filed a complaint against it over an alleged breach of contract and is claiming damages of US$lOO million. The action was filed in the US District Court, Southern District of New
      225 words
    • Article
      Lock icon JPMorgan launches retail equity linked notes
      564 5  -  LYNETTE KHOO Issue offers retail investors access to growth potential of four Asian markets By UNFAZED by the recent softness in equities-laden structured products, JPMorgan yesterday launched eq-uity-linked notes (ELNs) aimed at retail investors for the first time. The notes come with conditional principal
      564 words
    • Article
      Lock icon Daiwa Asset to list Islamic ETF on SGX
      403 5 Reuters JAPAN'S Daiwa Asset Management said yesterday it will list what will be the first shariah compliant product on the Singapore Exchange as the city-state steps up efforts to attract Islamic investors. The Daiwa FTSE Shariah Japan 100 exchange traded fund (ETF)
      – Reuters  -  403 words
    • Article
      Lock icon Courts (S) full-year net loss widens to $19.5m
      321 5 COURTS (Singapore) Ltd has suffered a net loss of $19.5 million for the full year ended March 31, 2008 larger than the loss of $17.4 million in the previous year following its decision to close its operations in Thailand. As well, the
      321 words
    • Article
      Lock icon At a glance
      222 5 Fu 1-year resul Its en Mard 2008 COMPANY CURRENT PREVIOUS CHANGE CURRENT PREVIOUS CHANGE 1 SingTel 3960.20 3778.80 4.8 *****.40 *****.90 2 SIA 2049.40 2128.80 -3.7 *****.50 *****.40 11.0 10.2 3 SIAEngg 253.80 242.10 4.8 1009.60 977.40 4 SAT Services 194.90 178.20 9.4 958.00 945.70 3.3 1.3
      222 words
    • Article, Illustration
      Lock icon Biosensors aims to be region's top stent player
      582 7  -  CHEN HUIFEN Heart-stent maker's fourth-quarter net loss almost doubles to USsl9m By FRESH from getting the CE mark approval for its flagship Biomatrix product, Biosensors International Group is aiming to be the top player in Asia in the drug eluting stent (DES)
      FILE PHOTO  -  582 words
    • Article
      Lock icon China Essence full-year net profit surges 62%
      577 7  -  LYNETTE KHOO By POTATO-PROCESSING producer China Essence posted a 62 per cent rise in net profit to 237.96 million yuan (5546.7 million) for the year ended March 31 as sales and selling prices increased. The group is confident of keeping growth in double
      577 words
    • Article
      Lock icon Man Wah doubles full-year earnings
      359 7  -  CHARMIAN KOK By CHINA-based leather-sofa maker Man Wah Holdings has reported a net profit of HK$lB7.B million (5532.8 million) for the year ended March 31, more than double the preceding year's HK$9O.7 million. This was due to a surge in both domestic and export demand.
      359 words
    • COMPANY BRIEFS
      • Article
        Lock icon Fair-value gains boost KSH earnings
        59 7 KSH Holdings said its net profit for the year ended March 31 jumped five-fold to $31.4 million from $6.1 million, thanks largely to fair value gains from investment properties. The construction and property group recognised a revaluation gain of $32.7 million net of deferred tax
        59 words
      • Article
        Lock icon Enzer's independent director quits
        57 7 ENZER Corporation yesterday announced that Jeffrey Ong Su Aun has resigned as an independent director of the company. The company said "it is difficult for Mr Ong to discharge his duty as an independent director of the company as he has prior personal dealings with the
        57 words
      • Article
        Lock icon Swing Media net profit rises 10%
        50 7 SWING Media Technology said its net profit rose 10 per cent to HK$37 million for the full year ended March 31 as group sales increased 17 per cent to HK5527.4 million due primarily to DVD-R sales which rose 41.2 per cent to HK5293.6 million.
        50 words
      • Article
        Lock icon Raffles Education in China acquisition
        41 7 RAFFLES Education Corporation plans to acquire Shaan Xi Ruizhi Education Investment Co Ltd (SXRZ) through its wholly owned subsidiary in China, Value Vantage Investment and Management (Hangzhou) Co Ltd (WIM), for 44 million yuan ($8.7 million)
        41 words
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      Lock icon Page 4 Advertisements Column 1
      608 4 /^V Get your Rabobank Warrant IO IUI Highlights daily via email. Visit www.rabowarrants.com.sg or ■^||11^ g|S|SyaMiflj| fcj| 'y emailwarrants@rabobank.com FIRST RESOURCES RB ECWOBIIIB (FOHW) DBS RB ECWOBI2IB (FOEW) FIRST RESOURCES LTD Call DBS GROUP HOLDINGS LTD Call Exercise Price S$ 1.23 Exercise Price 5521.00 L Expiry Date 18 November 2008
      608 words
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      Lock icon Page 5 Advertisements Column 1
      150 5 Your tomorrow E mW starts here today fJ\ Today,Business,s Of! tf\o 00. y^ MkJTmm^^M Star Hub Mobile Broadband mm f\ Solutions: Secure connections m 4 M and superior data coverage v |L Highest Broadband Speeds (download speeds of up to 7.2 Mbps; upload speeds of up to I.9 Mbps) Wkk
      150 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak HK market drags STI down
      560 6  -  R SIVANITHY STOCKS Local index declines by 19 points despite 70-cent rebound in UOB shares UOB shares were slammed down during the final seconds of trading on Friday, so it probably came as no surprise that UOB was yesterday's top gainer with a 70-cent
      : Bloomberg  -  560 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 9 6 0 0 0 2 9 6 lanufacturing 26 117 40 18 33 135 47 Commerce 18 26 19 23 33 22 )t/Stor/Comms 26 10 29 10 ■inance 22 23 instruction 11 12 'roi
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      110 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 28,202 28,202 166,938 166,938 lanufacturing 256,885 90,625 347,510 253,211 11,156 264,367 lommerce 44,674 16,097 60,771 51,489 3,597 55,086 'pt/Stor/Comms 115,990 666 116,656 300,086 203 300,289 :i nance 37,026 6,927 43,953 336,236 2,072 338,307 lonstruction 18,156 21,611 39,767 4,591 1,025
      110 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 6 lapitaLand 6.300 lapitaMall 3.250 -0.120 jtyDev 11.000 -0.040 losco Corp 3.290 -0.070 IBS Grp 19.320 -0.240 :&N 4.780 -0.040 Sent Intl 0.575 -0.005 IK Land 4.680 -0.090 ISH 17.940 +0.260 lardineC&C 16.500 -0.320 Ceppel Corp 11.560 -0.240 Ceppel Land 5.470 -0.010 IOL 3.530 -0.070 loble Grp
      103 words
    • Article
      Lock icon BROKERS' TAKE
      409 6  -  CHOW PENN NEE Property Sector DBS Group Research, May 23 MASTER Plan 2008 unveiled: In our earlier preview piece on the Draft Master Plan 2008, which was unveiled last Friday, we mentioned that the analysis of newsflow over the past year or so pointed towards a Master Plan
      409 words
    • Article, Illustration
      Lock icon Stay light and nimble
      267 6  -  KEN TAI CHEE MING, CHART POINT FOR the past four weeks, we have been highlighting concerns over mounting market risks amid deteriorating technical indicators, contrary to common perception that the worst could be behind us. For a while, the Straits Times Index (STI) managed to confound
      Bloomberg  -  267 words
    • Article, Illustration
      Lock icon Greenback stable; traders await US data
      427 6 -AFP CURRENCIES [TOKYO] The dollar was steady in Asian trade yesterday as traders awaited upcoming data amid worries that soaring oil prices could hinder a recovery in the US economy, dealers said. With US and British markets closed on Monday for a holiday, investors
      -AFP; BLOOMBERG  -  427 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      55 6 May 26 VALUE CLOSE -410.00-134.00 BT OB/OS BT CADI -*****.00-232.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 791.36 -15.18 FTSE ST Small Cap 673.86 -8.30 FTSE ST All Share 795.05 -7.47 FTSE ST China 471.22 -9.39 UOB Catalist 155.87 -3.34 SIMSCI 381.06 -2.40 SIMSCI Futures
      55 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Jade Tech 67,284,000 Sing Tel 34,025,000 E3 Hlds 32,108,000 CoscoCorpDßeCWoBo929 31,025,000 CoscoCorpMßLeCWoBloo2 28,684,000 Yanqzijianq 23,275,000 SinqTelMßl_ePWoBlolo 22,750,000 DBS DBeCWOBIOI3 22,500,000 Golden Agri 21,731,000 Thai Beverage 18,268,000 VALUE(S) Sing Tel 122,618,162 Keppel Corp 114,583,093 UOB 110,076,877 DBS Grp 105,047,700 SGX 67,000,260 S I A 48,669,920 Capita Land
      61 words
    • Article
      Lock icon RISES
      98 6 CLOSE UP 1964 70.0 3.7 UOB JSH 1794 35.3 1.5 GLD 10US$ 9134 19.0 0.2 Straits Trdi 686 13.0 1.9 UOBMBLePW*****7 31 8.5 37.8 Sini lTelMBLePW*****8 52.5 7.0 15.. Cmdt 10US$ 420 6.8 1.2 Olam 274 6.0 2.2 STI 3200BNPePW*****7 33.5 6.0 21.8 Yanlord 222 6.0 2.8 BY PERCENTAGE
      98 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN 1700 -63.9 -2.7 China H 10US Great Eastern 1750 -48.0 -2.7 JMH 3240 -40.8 -0.9 UOBMBLiCW*****0 634 -37.0 -5.5 Jardine C&C 1650 -32.0 -1.9 Kei MBUCW*****0 380 -32.0 -7.! India Ni 10 1577 -30.0 -1.9 S I A 1550 -28.0 -1.8 Venture Coi 1040 -26.0
      125 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 6 May 26 CHNG CLOSE FRMay23 YR2008 S$ LOW S$ HIGH USS 1.3622 -0.21 1.4542 1.3457 Euro 2.1453 -0.37 2.2064 2.0474 Pounds 2.6938 -0.20 2.8431 2.6568 AS 1.3058 -0.03 1.3235 1.2349 Yen* 1.3170 -0.66 1.4484 1.2832 Rupiah* 0.***** 0.08 0.***** 0.***** Baht* 4.2370 -0.03 4.4299 4.2350 Peso*
      84 words
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  • Page 7 Advertisements
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      123 7 Your Passport to Overseas Success Clear your overseas business challenges with IE Singapore With a track record spanning 20 years of growing global Singapore businesses and promoting international trade. International Enterprise (IE) Singapore is your choice partner for overseas success. Our global presence in over 30 major cities, and wide-ranging
      123 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon WRDC superintendent fired; deputy demoted
      516 8  -  CHUANG PECK MING Two Gurkha officers also demoted after they pleaded guilty, Parliament told By THE superintendent of the Whitley Road Detention Centre (WRDC) has been sacked for the security lapses that led to the escape of Jemaah Islamiyah terrorist Mas Selamat from detention in
      516 words
    • Article
      Lock icon Industrial output falls 5.7% in April
      244 8 MANUFACTURING output crashed in April, largely due to yet another swing of the pharmaceutical pendulum. But the outlook for industrial production is expected to remain soft in the months ahead as external demand weakens. Data from the Economic Development Board yesterday showed a surprise
      244 words
    • Article
      Lock icon Motor insurers bank on new claims framework
      537 8  -  SAMUEL EE By A NEW way to go about making an insurance claim after an auto accident was launched yesterday, in a move that further marginalises Idac the Independent Damage Assessment Centre (Idac) and reflects on the runaway losses in the motor insurance
      537 words
    • Article
      Lock icon Most NBS graduates get jobs before graduation
      439 8  -  LEE U-WEN NTU's 2007 cohort enjoys record $2,900 mean monthly pay By HE IS not even in his final year at university yet, but Malcolm Wong already has a prized job waiting for him when he graduates as an associate with the Boston
      439 words
    • Article
      Lock icon Singapore to share SME devt experience with Libya
      255 8 SINGAPORE and Libya have inked an agreement that will see the Republic share its experience in developing small and medi-um-sized enterprises (SME) with the North African country. The agreement was signed in Libya on May 11 between the Singapore Cooperation Enterprise (SCE)
      255 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon PTT forms consortium to invest in Nigeria
        55 8 THAI oil and gas firm PTT Public Company Limited yesterday announced that it has formed a consortium with Transglobal Energy Funds Pte Ltd, a Singapore-based specialised advisory and private equity firm, and TRC Construction Public Company, a Thai-based construction company, to invest in
        55 words
      • Article
        Lock icon HSBC asset management rebrands
        26 8 THE asset management business of HSBC, known as HSBC Group Investment Businesses, will be rebranded HSBC Global Asset Management from June 2.
        26 words
      • Article
        Lock icon Mah Bow Tan visits Germany, Sweden
        25 8 MAH Bow Tan, Minister for National Development, will be visiting Germany and Sweden from May 27 to June 3.
        25 words
    • Article
      Lock icon SICC priority: Tackling labour shortage
      336 8  -  WEE JUN KAI By AS THE Singapore International Chamber of Commerce (SICC) marked its 171 st year of contribution to the Singapore business community yesterday, addressing the tightening labour market, especially in the hospitality and service sector, remains a top priority for the SICC. Mr
      336 words
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      1225 8 I D^. \e3/ INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (Incorporated in The People's Republic of China) Head Office 55 Fuxingmennei Dajie, Xicheng District, Beijing, China Tel: 86-10-6610 6027, 6610 6026 Tlx: ***** ICBHOCN Fax: (10) 6610 6011 Singapore Branch 6 Raffles Quay #12-01, Singapore *****0 Tel: 6538 1066, Fax:
      1,225 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Looking at a brighter future
      944 9 Scrawl has 3-year marketing/distribution masterplan to compete in global entertainment and animation industry, reports lAN POH THE dust has barely settled, but Scrawl Studios is not about to bask in the glow of recognition and rest on its laurels. The newly crowned Emerging Enterprise 2008
      JOHN HENG  -  944 words
    • Article, Illustration
      Lock icon Skills training is essential for the workforce
      811 9 Gajah International and Wangi share with lAN POH the benefits of sending staff to NUS Extension, the continuing education arm of NUS GAJAH International believes in the importance of skills training. The research and development company which offers equipment manufacturing and design manufacturing
      JOSEPH NAIR  -  811 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      81 9 ~__£™~^ta II "O^~™fi H t i Z I W l_t \-^l n _L_i—_l LJ^_—.___k_3 ___fl_l^_- L_L_« L_T *^^H ■_______M__^_____l_Ml^__---H I J ft _fl Hp||ppfy|Ha2AMliMfldp|p^ ____L "*>' 4 /*jß_l I x---3 ymi-i_ii-_fi9Stt^_^_^___i _U M^^dj^yyyA^i^^^tt^u 191 d _^k. BPS 3 r •The line amount is subject to approval. Line limit for Business
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      Lock icon Page 9 Advertisements Column 2
      25 9 /C^lEEm eerin 99in 9 I r^JEnterprise A 'Zoos Presented by THE BUSINESS TIMES ©OCBCBank Supported by pup Ml ie What RSM.ChioLim EoawngEntenirtse I^k/^^HP NUS Enterprise
      25 words
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  • SME spotlight
    • Article, Illustration
      Lock icon Chicken rice from scratch
      1042 10 Hard work and open-mindedness have enabled this business to grow, says lAN POH WHAT does it take to succeed in the F&B business? Hard work and openmindedness, according to Nancy Lim. No family recipe was passed down over the generations to help her run her top-rated
      JOHN HENG  -  1,042 words
    • Article
      Lock icon Pleasure craft rules changed
      433 10  -  OH BOON PING PRO-ENTERPRISE CHANGES By IT USED to be that pleasure craft operating in port waters could carry no more than 12 passengers unless registered as a passenger ship that complied with the safety requirements of the Merchant Shipping Act. Not any more. The change
      433 words
    • Article
      Lock icon Small caps firm 1.3% in past weeks
      385 10  -  TEH HOOI LING By OUR small-cap portfolio has firmed 1.3 per cent in the past two weeks, despite a significant slide in market sentiment. Our biggest gainer in percentage terms was Celestial Nutrifoods. The soy products maker exceeded market expectations when it reported
      385 words
    • Article
      Lock icon Considering arbitration, mediation
      1117 11 IT MATTERS Both processes provide ways to resolve disputes without having to resort to the courts. They can save businesses time and money DISPUTES can happen when IT vendors and businesses do not agree. What can businesses and their vendors do if they want to avoid a
      1,117 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      164 10 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
      164 words
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      Lock icon Page 10 Advertisements Column 2
      17 10 Lianhe Zaobao How d much ii to donate jg| Sichuan quake 2 victims? I in a bind
      17 words
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      Lock icon Page 10 Advertisements Column 3
      552 10 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. SATS HERSING CORPORATION LTD (Incorporated in Singapore) (Company No. *****6986E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of
      552 words
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      42 11 rr lx± <-*-? rt" ~Ti iLs*u-x O H 1 l_o—Tfind the ones byr U pJ THAT FIT! H ps^/ Recruit the right people I__3 __J through CATS Recruit. I "TT"? C| Call 1800 289 8822 or email \/-> I \^^\recruitii>sph.com.sg j to advertise. C*—'^
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      839 11 00 A CUSTOMER-CENTRIC INITIATIVE (CCI) SERIES Broughtto yO u by s fa INC Singapore En&bbnQ Eiihbtptfsß Han's Embraces Better Customer Service Through the Customer-Centric Initiative (CCI), the Han's group of restaurants are now serving their customers better. Thanks to the tailor-made training programme, staff now embody Han's mission to "serve
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  • ECONOMY WATCH
    • Article
      Lock icon Thai economy grows 6% in first quarter
      578 12 Bloomberg First elected govt since 2006 boosts confidence and consumer spending [BANGKOK] Thailand's economy grew 6 per cent in the first quarter as the nation's first elected government since 2006 increased confidence and consumer spending. Gross domestic product in South-east Asia's sec-ond-biggest economy
      – Bloomberg  -  578 words
    • Article, Illustration
      Lock icon Asian economies swap one dependency for another?
      629 12 Reuters The growth/inflation equation is changing for the whole region [BEIJING] The Asian economy has shown a remarkable immunity to slowing US growth, so it would be richly ironic if the region were to trip up now over a byproduct of its resilience
      – Reuters  -  629 words
    • Article
      Lock icon Fed officials make it clear it's not in favour of rate cuts
      295 12 -AP [WASHINGTON] Sounding a gong couldn't have made it clearer. Federal Reserve officials are putting out the word that further interest rate cuts are unlikely. Fed governor Kevin Warsh ditched the central bank's cryptic word tangles and actually
      -AP  -  295 words
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  • MALAYSIA
    • Article
      Lock icon M'sia may lift curbs on foreign law firms
      336 13 -AP Minister rejects concerns that the move would hurt domestic firms [KUALA LUMPUR] Malaysia may allow foreign law firms to operate here for the first time to strengthen international confidence in the country's legal process, Law Minister Zaid Ibrahim said yesterday. Domestic
      -AP  -  336 words
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      Lock icon M'sia won't compromise farmers in US FTA: Minister
      263 13 -AFP [KUALA LUMPUR] Malaysia's international trade minister yesterday said his country would not compromise on its sensitive agricultural sector in the next round of free trade negotiations with the United States. Last week, Muhyiddin Yassin urged the US to lower its expectations
      -AFP; REUTERS  -  263 words
    • Article
      Lock icon Central bank makes no changes to interest rate
      271 13 Bloomberg [KUALA LUMPUR] Malaysia's central bank kept its benchmark interest rate unchanged for a 17th straight meeting, avoiding an inflation-fighting increase in borrowing costs that may further weaken economic growth. Bank Negara Malaysia maintained its overnight policy rate at 3.5 per cent,
      Bloomberg  -  271 words
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  • ASIA-PACIFIC/INDONESIA
    • Article, Illustration
      Lock icon Indonesia to offer US$19b projects
      419 14 Indonesia to offer US$ 19b projects Reuters Investment mostly in infrastructure to up growth, reduce unemployment [JAKARTA] Indonesia will offer projects worth about US$l9 billion, mostly in the infrastructure sector, to investors soon, President Susilo Bambang Yudhoyono said yesterday. South-east Asia's biggest economy badly needs investment, especially in infrastructure, to
      Reuters  -  419 words
    • Article
      Lock icon Telkom plans share buyback
      243 14 [JAKARTA] Indonesia's largest telecoms firm, PT Telekomunikasi Indonesia Tbk, yesterday said that it plans to buy back up to three trillion rupiah (Ss43B million) worth of shares, or 1.9 per cent of its share capital. The amount is lower than the US$5OO million figure a senior
      243 words
    • Article
      Lock icon BURSA MALAYSIA
      2260 14 VOL C000) lay 26 RM ASM Realty 0.70 \bric Bhd 0.15 advance Synergy 0.12 Adventa Bhd 1.30 AeMuIti Hldgs 0.22 Win Holdings 2.04 Ahmad Zaki Resou 0.91 AicCorp 0.52 \irasia Bhd 1.08 Akn Technology 0.50 alliance Financi 3.12 aluminium Co 1.04 Amalgamated Ind 0.59 tamb Hldgs Bhd 3.86
      2,260 words
    • Article, Illustration
      Lock icon Yudhoyono says fuel price hike necessary to avoid meltdown
      539 14 -AFP [JAKARTA] Indonesian President Susilo Bambang Yudhoyono yesterday defended his unpopular fuel price hike as necessary to avoid an economic meltdown similar to the 1997 financial crisis. Workers and student groups have attacked the government over the 28.7 per cent average
      -AFP; AP  -  539 words
    • Article
      Lock icon Business daily for Chinese in Indonesia
      98 14 Xinhua [JAKARTA] A new economic daily, Indonesia Business Today, targeting entrepreneurs of Chinese descent hit the market yesterday. The daily appears with a special column for stories of successful Chinese-Indo-nesian businessmen and news about latest business opportunities from China. It also gives spaces to
      ■ Xinhua  -  98 words
    • Article
      Lock icon US lifts Indonesia travel warning issued in Nov 2000
      345 14 Bloomberg [JAKARTA] The United States cancelled its eight-year travel warning for visitors to Indonesia, citing a reduced risk of violence after the arrest of suspected terrorists since the last major attack in 2005. The US issued the alert in November 2000
      Bloomberg  -  345 words
    • Article
      Lock icon Weekend of windfall for Indonesian artists
      373 14 Bloomberg [HONG KONG] Indonesian artist I Nyoman Masriadi had a good weekend. "Sudan biasa di telanjangi" ("Used to Being Stripped") set an auction record for the 35-year-old artist HK$4.2 million (*****,000) at Christie's International in Hong Kong on Saturday. The next day, Masriadi topped
      – Bloomberg  -  373 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China Mobile shares fall on industry revamp
      667 15 Bloomberg They lost HK$lO.2O or 8.15% to HK5114.90, the biggest drop in more than six years [BEIJING] China Mobile Ltd, the world's largest phone company by users, lost more than US$25 billion in market value in Hong Kong trading after the government said
      Bloomberg; BLOOMBERG  -  667 words
    • Article
      Lock icon Quakes can trigger others half way around globe
      505 15 AFP Study's findings can help improve seismic predictions [PARIS] A major quake such as the one that left at least 60,000 dead in south-western China this month can trigger other earthquakes half way around the world, according to a study released on
      AFP  -  505 words
    • Article
      Lock icon Court ruling puts Sun Hung Kai chief closer to ouster
      292 15 -AFP [HONG KONG] The chairman of Hong Kong's largest property firm yesterday failed in his last legal bid to stop the company's board meeting to vote on removing him, the latest chapter in a bitter family feud. The Court of
      -AFP  -  292 words
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      47 15 ■BEBBe^TOsgHEBbB^JB BS^^^BtyBBffBBKIaBiBBESsJiHSv^^K-jß^v K--^J^Ti^*1 ?£*i^*^?':a]ffr^*^§3KSffl BB"gff''^'4W^s^' 'j^jfo**.^ jr^sßFv£'' fii' r-~* <~&t'fflS-'^i&r*^■^■**ißJß^fl*K/&M& ii3E^S§6BB SKS^SiviK^wS/SS*')^*"^ ...v; v 4-; ■r ,"_y itLw IS? ~jjQ: —^P^BMEtiI^BMfcAKMJMA^I *^^4~ .^*r^^m3ili*r^ii^MjjT^^B^fcMn^V^T^^fß^B^ HP^cr^ttUP -^r"L'^^^v^-fl i^B^Vv' kß^^^l'i l' B *BAI 1H 1 BB^Bx 7 T*sjPFw£twfß 'j^V^VKS^^csS^^v^Mn^^flßl dIBSE* BB^9^^^3hm BBch*^^^Svß^3j^bl3G^^^ i^ :>l-^^BBjUbbl BBbb^^^^_ BBT^^fißß^R^^Bk^JßV^1 Jp&Hlk^tA^'^^^B*""1~- 't-' 'ivi^khi^^H ati**^'»7^-'"^'*f/*wfs^
      47 words
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  • INDIA
    • Article, Illustration
      Lock icon Reliance Comms in talks with S Africa's MTN
      801 16 Reuters The two firms may create new USs63b company, with MTN taking 51% stake [MUMBAI] Reliance Communications, India's No. 2 mobile operator, has started exclusive talks with South Africa's MTN Group that could create a US$63 billion telecoms giant, knocking shares in
      – Reuters; REUTERS  -  801 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8367 16 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.928/ Star Europe Bond 1.187/ Star Europe Bal 1.162/ Star Asian Tiger Eqty 1.309/ Star Asia Bond 1.171/ Star Asia Balanced 0.955/ Star Global Technology Fund!** 0.195/ MultiStFd 0.815/ Star Asia Bond(USD) 0.862/ Gib Multi St USD 1.072/ Asia
      8,367 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Aramco to invest US$129b in new projects in next 5 years
      449 17 Reuters Refining margins are expected to fall over the next several years due to increased capacity and an economic slowdown in key markets, said Saudi Aramco's executive vice-president of operations Khalid al-Falih. Saudi group plans to increase crude, gas,
      Reuters; AP  -  449 words
    • Article
      Lock icon Dubai bank eyes RBS' stake in Saudi lender
      237 17 Reuters [DUBAI] Emirates NBD, the Gulf's largest lender, said it was interested in buying Royal Bank of Scotland's (RBS) stake in Saudi Hollandi Bank to tap retail business in the world's largest oil exporter. "We are interested in the stake," Dubai-based Emirates
      Reuters  -  237 words
    • Article
      Lock icon Qatar bank to buy India brokerage stake
      116 17 Bloomberg [DUBAI] Doha Bank Ltd, Qatar's third-biggest lender by assets, will buy 49 per cent of an Indian brokerage and form a separate investment banking unit as part of the bank's expansion into that country. Doha Bank did not identify the brokerage or
      Bloomberg  -  116 words
    • Article
      Lock icon Lebanon deal highlights Qatar's peacekeeper role
      286 17 -AP [DUBAI] Lebanon's peace deal has cast new light on the prominent role sought by Qatar, a tiny energy-rich Gulf country aspiring to take on a larger regional diplomatic role while also bidding to host an upcoming Olympics. The deal negotiated with the help
      -AP  -  286 words
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      551 17 hhSBBm bJoTsGDTime Deposit IS -I I I |2.sB^^Hl|^/ I I Only available with mlnlmun InvMtniMit of 5520,000 I I Exclusive Distributor standard W lssuer: PB SOCIETE Chartered 5? CENERALE 1800 789 7000 SGA Societe Generate Acceptance N.V. The promotion is valid from 20 May 2008 to 16 June 2008 (both
      551 words
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      Lock icon Page 17 Advertisements Column 2
      243 17 ml^*** y wit mmm —mmmmi- Mlm* mmmr m. Now On Until 29 May! ~~7 At ASEANPLAS, you will be able to: meet and interact with some 250 exhibiting companies from 20 y/ countries including national pavilions and groups from Austria, Germany, India, Italy, Singapore and Taiwan. learn from industry experts
      243 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Aim for economic growth to rise above poverty: report
      555 18 Reuters Integrate with global markets to sustain growth: World Bank study [LONDON] Governments, aid agencies and others who want to cut poverty in the world's poorest countries and elsewhere must concentrate more on boosting headline overall economic growth, a World Bank-backed
      – Reuters; AP  -  555 words
    • Article
      Lock icon Speculation affecting oil price: Soros
      192 18 -AP [LONDON] Soaring oil prices are increasingly the result of speculation, financier George Soros said in an interview published yesterday. The billionaire investor said the money pouring into the oil market increasingly had the look of a bubble, but that it would not burst until
      -AP  -  192 words
    • Article
      Lock icon Westpac's A$16.6b bid for St George proceeds
      385 18 Reuters [SYDNEY] Westpac Banking Corp Ltd has agreed to proceed with a bid worth about A 516.6 billion (5521.7 billion) for St George Bank Ltd, the biggest banking takeover in Australia, after completing due diligence, the banks said yesterday. The two banks have
      – Reuters  -  385 words
    • Article, Illustration
      Lock icon Protests may hurt Thailand's stability
      375 18 Reuters [BANGKOK] Fresh street protests in Thailand between supporters of former prime minister Thaksin Shinawatra and his opponents could drag the army back into the forefront of politics and scare off foreign investors, analysts said. Five months after a general election meant to return a
      Reuters; AP  -  375 words
    • Article
      Lock icon HSBC says committed to KEB takeover, but can't wait forever
      395 18 Reuters [SEOUL] HSBC said yesterday it was committed to a US$6.3 billion takeover of South Korea's No. 6 bank, but warned it would not wait forever for approval of a deal seen as a major test of the country's openness
      Reuters  -  395 words
  • Page 18 Advertisements
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      315 18 UIMIMI Bfcß J In the matter of The Companies Act, ■■HI IU Ut I Hn? *ij ~1 CHAUFFEUREDAROUND H »I^| d tss&t BY YOUR FAVOURITE B I I^l M -T~rL aVßt^^ afl^ HaVfe bVI KBIBBBk bVbIKbI AflatM Notice is hereby given, pursuantto Section 51 I O I JO UN r
      315 words
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  • WORLD
    • Article, Illustration
      Lock icon French classroom drama wins at Cannes
      323 19 -AFP [CANNES] The Cannes film festival wrapped up on Sunday after awarding its top prize to a French classroom drama with a cast of amateurs in a banner year for movies with a conscience. In a popular choice, the jury led by US actordirector
      -AFP; AFP  -  323 words
    • Article
      Lock icon Swiss banks' reward-system reports wanted
      264 19 AFP [GENEVA] Switzerland's banking watchdog wants to halt excessive bonuses for bankers who fail to take into account the risks taken as they chase profits, the watchdog's top official told a Swiss Sunday newspaper. "Undesirable developments such as incentive schemes which do not adequately take
      AFP  -  264 words
    • Article
      Lock icon Speculation on Facebook IPO intensifies
      592 19 Reuters Explosive growth in membership fuels excitement despite founder's comment [NEW YORK] Will it, won't it? If so, when? If not, why not? An entire cottage industry of speculation has built up around the public debut of Facebook, arguably Silicon Valley's hottest Internet company. Mark
      – Reuters  -  592 words
    • Article
      Lock icon Backlash against risk taking inevitable: US Treasury official
      568 19  -  ANTHONY ROWLEY Withdrawal of credit from economy could damage growth Bj in Tokyo A BACKLASH against financial innovation and risk taking in the US is inevitable in the wake of the sub-prime mortgage crisis there, US assistant Treasury secretary for international affairs
      568 words
    • Article
      Lock icon G-8 ministers call for halving of global emissions by 2050
      255 19 -Reuters [KOBE] Environment ministers from the Group of Eight rich nations yesterday urged their leaders to set a target to halve global greenhouse gas emissions by 2050 when they meet for a summit in July. The G-8 agreed last year
      -Reuters  -  255 words
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  • AVIATION
    • Article
      Lock icon JetQuay scores major coup with Japan Airlines
      347 20  -  YEN SREENIVASAN Under deal signed last week, JAL is first major carrier to use CIP terminal By JAPAN Airlines (JAL) yesterday became the first major network carrier to use Changi Airport's Jet Quay's Commercially Important Persons (CIP) terminal to handle all of its
      347 words
    • Article, Illustration
      Lock icon EADS has solved problems on new Airbus models, confident of success
      488 20 Reuters [BERLIN] European aeronautics and defence group EADS and its Airbus subsidiary have dealt with the problems on new Airbus models and are confident of success, German government aerospace spokesman Peter Hintze said on Sunday. Ahead of the Berlin
      – Reuters; AFP  -  488 words
    • Article
      Lock icon Spain's airlines losing fares to high-speed rail
      475 20 -AFP [MADRID] Spanish airlines are facing growing pressure on their domestic routes from the expansion of the country's high-speed railway network, which the government says will be the world's most extensive by 2010. State-owned railway operator Renfe opened a bullet train service between
      -AFP  -  475 words
    • Article
      Lock icon DHL relocates Europe centre to Germany
      189 20 AP [LEIPZIG, Germany] Express delivery company DHL inaugurated its new main European hub yesterday at the Leipzig-Halle airport in eastern Germany, a location in the centre of the continent that offers it increased night flights. DHL, a division of mail and logistics company Deutsche
      AP  -  189 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2414 20 AIRLINE CODES: AA: American Airlines (AA -ance (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bane nes (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA Airways
      2,414 words
  • Page 20 Advertisements
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      144 20 BT/ZUJI Deals of the Week B'i'liiiMiimufcW^TiiilimraMW IHllBi^^^^^^^^Bs=°i"^s»CT^ "M 8888 |E§99 I M«J i»Tii i J BUSINESS CLASS (from ECONOMY CLASS (from HOTELS (from Bali $509 $239 $42 Garuda Indonesia Garuda Indonesia DESTINATIONS BUSINESS CLASS (from ECONOMY CLASS (from HOTELS (from WEATHER Bangkok $500 (Swiss International) I $190 (Cathay Pacific) $78
      144 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      300 20 CRYPTIC CROSSWORD ACROSS 1 Fix plug at this point (6) 9 Information given by girl in college (6,2) |^|^m a church, Mary fluffed lines outside (9) |^H j^H^l 13 Group's leader brought in H^ awful song (5) —^^J—^^^^^^^J—^^J—l 14 Ride off with damsel in dis- I I^HI^H l^l I^H^l tress
      300 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Record freight rates stoking inflation: analysts
      520 21 Reuters Baltic index for raw materials trade breaks records for four days on the trot [LONDON] Record prices to ship raw materials are stoking inflation, as food and fuel costs soar, with transport costs exceeding the value of the commodity sent in some extreme
      – Reuters; REUTERS  -  520 words
    • Article
      Lock icon French govt aid pledge eases fishermen strike
      396 21 AFP, Bloomberg [LA ROCHE-SUR-YON, France] French fishermen pressed on with a blockade of several ports on Sunday, but protests against high fuel costs were lifted in some Atlantic harbours after the government promised aid. Fleets of striking fishermen in the Atlantic Loire region
      AFP, Bloomberg  -  396 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        109 21 '000 lay CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.65 0.36 3.29 0.76
        109 words
      • Article
        Lock icon KLSE
        37 21 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.84 9.45 9.45 4.14 3.12 0.21 0.13 -0.01 0.05 0.10 -0.08 -0.10 unch unch 199 1100 348 1056 31 4 60
        37 words
      • Article
        Lock icon BANGKOK
        12 21 '00 ■recious Ship Jegional Cont 25.00 25.00 -1.75 unch 2292 481
        12 words
      • Article
        Lock icon HONGKONG
        11 21 '000 joil lingamas Cont 48.80 2.36 -1.90 -0.04 385 2238
        11 words
      • Article
        Lock icon PHILIPPINES
        25 21 '000 26 Peso Vol Aboitiz Equity ntl Container Keppel Marine Keppel Prop 7.20 32.50 2.50 unch unch -0.50 unch unch 8124 655 542 0
        25 words
      • Article
        Lock icon TAIPEI
        23 21 lay Evergreen Marine ....28.65 :irst Steamship 71.00 /VanHai Lines 27.05 fang Ming Marine ..24.55 0.55 -3.40 0.05 0.15 10 3 5 16
        23 words
      • Article
        Lock icon TOKYO
        43 21 '000 lay 26 Yen Vol (awasaki Hvy Ind ..290.00 -16.00 ***** (awasaki Kisen ...1117.00 -19.00 7164 l/litsubishi Hvy 504.00 -12.00 ***** l/litsui Eng&Sbldg ..376.00 -9.00 ***** 1/litsuiOsk Lines ...1504.00 -23.00 ***** Nippon Express 510.00 -14.00 4329 JipponYusen 1021.00 -29.00 6875 'iource: Reuters
        43 words
    • Article
      Lock icon Daewoo signs 277b won Oman yard, dock contract
      264 21 Bloomberg Korean contractors eye record orders on Mid-East boom [SEOUL] Daewoo Engineering Construction, South Korea's largest builder, signed a contract to build a ship-repair yard and a dry-dock complex in Oman for 277 billion won (Ss36o million), benefiting from a Middle East
      – Bloomberg  -  264 words
    • Article
      Lock icon Hyundai unit to build 190b won parts plant
      135 21 Bloomberg [SEOUL] Hyundai Mipo Dockyard, a unit of the world's largest shipyard, plans to invest about 190 billion won (***** million) to build a ship-parts factory in South Korea to meet demand for new vessels. An initial agreement for the plant was
      – Bloomberg  -  135 words
    • Article
      Lock icon S Korea's STX Enpaco plans IPO in Q4
      392 21 Bloomberg [SEOUL] STX Enpaco, an engine parts unit of South Korea's STX Group, plans to sell shares in an initial public offering in the fourth quarter of this year to benefit from booming demand for new vessels. "The company is considering selling
      – Bloomberg  -  392 words
    • Article
      Lock icon NOL moves 14% more containers
      95 21 Reuters [SINGAPORE] Singapore's Neptune Orient Lines, the world's eighth biggest container shipping firm, said that it carried 14 per cent more containers on its ships in the four weeks to May 2 compared with the same period a year ago. The company said in a
      – Reuters  -  95 words
  • Page 21 Advertisements
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      789 21 'J* FORTIS BANK S.A./N.V. F O RTI S (INCORPORATED IN BELGIUM WITH LIMITED LIABILITY) Consolidated Balance Sheet Consolidated Profit and Loss Account As at 31 December 2007 For the year 2007 In EUR million In EUR million 2007 2006 2007 2006 Assets Income Cash and cash equivalents 27,002 20,791 Interest
      789 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Windfall taxes and subsidies
      487 22 MALAYSIA'S proposal to impose a "windfall" tax on companies that make excessive profits is nothing new. In 1999, Malaysia introduced windfall taxes on crude palm oil and crude palm kernel oil after CPO prices breached RM2.000 a metric tonne. It was lifted after the price fell
      487 words
    • Article, Illustration
      Lock icon 'Silent tsunami' sends Shockwaves over Asia
      1241 22  -  M SHAHIDUL ISLAM An Asian solution is needed to address 'agflation' and food security issues in the region By AGRICULTURAL commodity prices have reached nosebleed levels in recent months. The impact of the ongoing "agflation" across the world, especially on the low and fixed
      AFP  -  1,241 words
    • Article, Illustration
      Lock icon Americans can now debate: 'Who Lost the Middle East?'
      743 22  -  LEON HADAR THE BOTTOM LINE AFTER the Chinese communists led by Mao Zedong won the civil war in China in 1949 and forced Chiang Kai-shek and his pro-American Chinese Nationalists to flee to Taiwan, US Congress and the press started to
      743 words
    • Article, Illustration
      Lock icon Steps that SMEs can take to go green
      1410 23  -  CLAUDIA TAN Optimising computing environments of different sizes has both benefits to the bottom line and the planet By AS THE US Energy Information Administration (EIA) forecasts the continuation of tight global energy supplies, energy prices will remain high through 2008. Large
      1,410 words
    • Article
      Lock icon Polluted air and water bigger killer than quake in China
      843 23  -  NICHOLAS D KRISTOF -NYT By in Badui, China CHINA'S biggest health disaster isn't the terrible Sichuan earthquake this month. It's the air. The quake killed at least 55,000 people, generating a response that has been heartwarming and inspiring, with even
      -NYT  -  843 words
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  • Page 23 Advertisements
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      262 23 Stansfield College is a specialist college offering only the University I£ I I I^^^ IT^ of London degree since 1993. We offer 16 degrees and 6 diplomas yOUr L/ I v7Cll ftommeUniversityofLondonandofferthewidestrangeofover J 70 subjects. iS tO beCOme a B.Scßanking&Finance B.Sc Economics Finance a g B.Sc Mathematics Economics l_l U>
      262 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7120 24 Transaction date: May 26 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software 28 5 8 5 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30 12 1938 AEI Corp 24.5 7.5 1100 AEM 42 195 2101 APOil
      7,120 words
    • Article
      Lock icon SGX XTRANET
      69 24 Hi< Low Code Comi Sale COOP) Hi< Low Seller C'vr P/E > m II 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
      69 words
    • Article
      Lock icon SGX CATALIST
      1949 24 Hii Low Code Comi Sale C000] Hii Low By Seller Cvr P/E ,mil 30 11.5 1181 s AAGrp 41.5 15 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 7814 s Albedo
      1,949 words
    • Article
      Lock icon CLOB INTERNATIONAL
      214 24 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
      214 words
  • Page 24 Advertisements
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      48 24 ROYAL OAK COLLECTION M W^S^^^S^ WHERE EXTREMES MEET Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED ■'r <Z^.? ~—-Xf'^^l f 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 -i&w~s§fer-'-'**ss Jll t" *■»—^SAIS 'jL^/ i% Internet: Http://www.audemarspiguet.com j*^*-■ '^f- '*!*sls=i—-"■WEt"~> >■ V C ■■s&fi^*f
      48 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mai 23 World Index Preliminan 1049.7 -1.2 -7.2 -1.2 -9.9 -1.1 -4.5 EAFE Preliminai 1010.6 -1.3 -9.8 -1.0 -9.6 -0.9 -4.3 Euro[ Prelim inan 1382.8 -1.6 -10.4 -1.4 -10.8 -1.3 -5.5 Pacific
      362 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      123 25 As at 9am May 26 >f foreign currency: Currencies Bid Offer >ust dollar 1.2970 1.3120 .an dollar 1.3680 1.3840 luro 2.1330 2.1580 IZ dollar 1.0590 1.0820 iterlini 2.6780 2.7090 IS dollar 1.3510 1.3670 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer Ihi renminbi
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      Lock icon INTERBANK RATES
      156 25 May 26 otter Overnight 3/8 1-month 1 1/8 2-months 1 3/16 3-months 1 1/4 Overnight mode: 7/8 US$ Offer 1/4 1 1 1/16 1 1/8 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 2.35 2.48 2.70 2.88 2.95 3.15 3.25
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    • Article
      Lock icon STOCK INDEX FUTURES
      25 25 May 26 ten Hi Sett STI ilMSCI Ma' 381.8 382.2 379.2 "aiwan Ma' 336.5 336.8 334.5 Source: MF Global (S) Pte. Ltd
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      Lock icon US$/S$ FORWARD RATES
      22 25 May 26 I Bid Offer 1-month 1.3574 1.3587 2-months 1.3559 1.3573 3-months 1.3544 1.3558 6-months 1.3502 1.3518 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      296 25 May 26 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High j Low Close Sett Volume (tonnes) Open Interest Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 Jan/Mar 09 441.00 440.00 437.50 435.75 435.50 436.50 RSS 3 (US cents/kg) Month Hig lb Low Sett Volume
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      Lock icon CHICAGO BOT
      105 25 May 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 08 1368.00 1324.75 1371.00 1341.00 Aug 08 1370.00 1328.25 1372.50 1361.00 Sep 08 1358.00 1324.25 1360.00 1347.00 Nov 08 1353.50 1324.25 1365.50 1341.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 08 63.56 61.83 64.25
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      Lock icon CRUDE OIL PRODUCTS
      74 25 May 23 CRUDE (FOB origin) USS/barrel Close Chanc Brent blend (1-Mth F) 131.48 -0.04 WTI(NearMth) 131.92 1.76 Dubai (1-Mth F) 126.25 -3.14 Tapis blend 139.1 -2.35 Minas 134.8 -2.85 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 121.60 172.80 -1.22 -0.7 USS/barrel Opec Oil Basket Price
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 25 May 26 A> i> KIHD huro HKS IndRsRui Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US1 Australia 0.949 6.659 0.609 7.490 40.900 89.785 0.992 10.063 3.095 1.222 65.383 41.812 1.305 7.385 0.985 29.269 30.856 0.485 0.960 Canada 1.054 7.015 0.641 7.891
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 25 May 26 Period Issue code Maturity Yesterday's Bid Hit Day's |h Low 3-Month BQ*****N 28.08.08 1-Year BY*****N 04.05.09 0.90 1.02 0.93 0.92 0.92 0.92 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0F 2.625 5-Year N *****0V 1.625 7-Year NX*****F 3.625 10-Year
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    • Article
      Lock icon SIBOR
      78 25 May 26 (US$) (SS) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths
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    • Article
      Lock icon PALM OIL
      66 25 May 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Jun 08 3638 Jul 08 3674 Aug 08 3671 Sep 08 3674 Total o/p: ***** contracts 3670 3680 3638 3670 3695 3656 3573 3705 3660 3674 3706 3665
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    • Article
      Lock icon PRECIOUS METALS
      133 25 May 26 /oz) lay lay Hong Kong London 921.90 923.90 922.90 924.90 May 22 May 23 920.70 926.15 921.70 927.15 Source: Reuters CAST BAR (S$) May 26 Buying Sellini Kilobar "43,508.34" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz
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    • Article
      Lock icon LONDON METALS
      69 25 May23\ minimum, 99.7 jrity (USS/tonne) Co Close Previous Cash 2959.00 2952.00 3 months 3001.00 2995.00 Copper, Grade A (USS/tonne) Cash 3 months 8301.00 8180.00 8232.00 8125.00 Lead (USS/tonne) Cash 3 months 1988.00 2009.00 1991.50 2010.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      83 25 May 23 COCOA (E/tonne) Close Prev Hie h/Low Jul 08 1379 1389 1400/1376 Sep 08 1370 1380 1392/1369 Dec 08 1362 1367 1377/1359 Mar 09 1349 1354 1364/1347 COFFEE (USS/tonne) Close Pev High/Low May 08 2221 2209 2225/2213 Jul 08 2242 2229 2260/2222 Sep 08 2230 2220 2245/2210 Nov
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 May 26 Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3042 1.3059 0.9595 0.9600 Canadian dollar 1.3740 1.3758 1.0109 1.0114 Euro 2.1429 2.1449 1.5766 1.5768 NZ dollar 1.0674 1.0691 0.7853 0.7859 Sterlinc nd 2.6899 2.6924 1.9790 1.9793
      156 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      375 25 May 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.372 97.270 97.030 96.850 0 0 0 0 ***** ***** 8552 ***** EUROYEN FUTURES Jun08 99.150 99.150 Sep08 99.100 99.110B Dec08 Mar09 98.930 98.930 Jun09 Sep09 Dec09 Mar10 99.145 99.100 99.020A 98.930 98.845A
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    • Article
      Lock icon BONDS & WARRANTS
      1770 25 BONDS WARRANTS Pel lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left )092 Asia Environment W*****4 14 -3 300 1 38 3 3.61 15 1267 Biosensors DB ECW*****5 22.5 -1 100 1 70 4 1014 Capitaland BNP ECW*****8 26 -1 170
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  • PROPERTY
    • Article
      Lock icon Bids for residential site fall short of expectations
      502 26  -  EMILYN YAP URA closes tender after top bid of just $203 psf ppr for the 99-yr leasehold site By A RESIDENTIAL site in Choa Chu Kang Drive has attracted a top bid of just $203 per square foot per plot ratio (psf
      502 words
    • Article, Illustration
      Lock icon Katong Mall up for sale with $220m-$250m tag
      314 26  -  ARTHUR SIM By KATONG Mall has been put up for collective sale at the indicative price of $220 million to $250 million. The 78,158 sq ft site is zoned for commercial use and has a plot ratio of up to 3.6. According
      FILE PHOTO  -  314 words
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      2157 26 I M Singapore^ \_t I Ivl D Bowl 9 SINGAPORE BOWLING FEDERATION CIMB Bank Berhari mwi-pi (Incorporated in Malaysia) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Singapore Bowling Federation be held on Tuesday, 17th June 2008 HRT^VJfTS^Kfff9^ffiH at s:3opm at the SBF Conference Room, 100 Tyrwhitt
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  • @ one-north
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      Lock icon A place for a meeting of minds
      1086 27 one-north, encompassing Biopolis and Fusionopolis, is Singapore's icon of the knowledge economy, reports CLARISSA TAN THERE I was, standing in the middle of a gleaming complex of buildings, with blocks bearing names like Chromos, Proteos, Genome and Matrix. I was, of course, at
      JOSEPH NAIR t  -  1,086 words
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      56 27 This series is brought to you in conjunction with JTC's 40th anniversary. 4) -Lyears I^l3 ofJTC 1968-2008 uhpotmw 1 To many: it s mst a leaT. I I mmM To a few./11's networking. —^^^^^^^B l^^^fe^^^^pnnectivity strengthens capabilities. §2£--Especially here at one-north, illl kj M r Jc-''' < It's where you
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  • PROPERTY
    • Article, Illustration
      Lock icon Property firms raise rents in central Tokyo
      421 28 uters 'Tokyo's office market is extremely tight. With signs of an economic recovery, many companies started hiring more people, and that's making them want to move to bigger offices.' Ikoma researcher Mitsuhiro Asada Average rent in five central wards up 12% last month
      uters; BLOOMBERG  -  421 words
    • Article
      Lock icon Surbana wraps up 2 Qatar masterplan projects
      277 28 SINGAPORE-BASED Surbana Corporation yesterday said it had completed two masterplan projects in Qatar, one each for the municipalities of Al Wakrah and Al Khor. Both projects, by the Surbana Urban Planning Group, were awarded last year by Qatar's Urban Planning and Development Authority
      277 words
    • Article, Illustration
      Lock icon Goh Chye Boon is Tianjin JV CEO
      289 28 KEPPEL Corporation yesterday announced the appointment of Goh Chye Boon as chief executive of a Singapore-China joint venture company formed to spearhead the Tianjin Eco City project. Mr Goh is now deputy secretary (industry) at the Ministry of Trade and Industry (MTI). He
      289 words
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      Lock icon Page 28 Advertisements Column 1
      628 28 Designed by renowned International Architect Generous space of living landscape Close proximity to Orchard Road Surrounded by Foreign Embassies Probably the most impressive living ever VIEWING BY APPOINTMENT ONLY For further details, please call Steve Tan 9685 1861 Wayne Tang 8182 7558 2T R "S^ FOR SALE BY EXPRESSION OF
      628 words
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      Lock icon Page 28 Advertisements Column 2
      84 28 I ZAP HERE for the latest 1 property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word "Zap" sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software (located either in "Games" or
      84 words
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      2465 29 m The Business Times Shipping Times m W^m JH3Bym2^avWySFlj7Fnff^ m\\ WAN HAI INTERNATIONAL PTE LTD K^l B MilPfrTl PS H^g||^|Uyß ■■HiiSl^rAßliSilllii^ailH I Vni\ IAfA M UAI Illkirr TEL *****588 (I4LINES) FAX: *****163 IVA V 11 1111(^111 BSBBBaBBSBHISaaBSSTIW ÜBMtKBIfIW^MSSISSISM I VAN I WAN HAI INtS Customer Servke/Bookings Dite<l Line (1800) *****200
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      2961 30 IjXftl AUSTRAL ASIA LINE "bsiu^/^^-id^J |K||^| H R H H I tip S®2(s^ t-' ASIA AUSTRALIA SERVICE J"-/'tai (mlmu-i 1(1 Si-dUI. fi^'l H fl B-fl -MM MM MM MMI WBSSE^kmmmmmm:^kmmmm^kmmmm^kmmm^kmmmn^kmmmw3^kmmws^km\ weekly express sailing schedule CAPE CONWAY 06A8 08/06 13/06 18/06 30/06 03/07 07/07 10/07 MBriM I BJ]sflTniJ!ilJiWßnin)J?T|J!^^ :iih"h:ii ;i i..-
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      3146 31 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 SIN Dest'n Name Name
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