The Business Times, 28 May 2008

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Microfilm: NL29367
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica (p) 122/12/2007 Wednesday, May 28,2008
    22 words
  • Article
    Lock icon Margins hit as petrochem sector mourns end of boom
    644 1  -  RONNIE LIM Overcapacity kicks in, demand slumps and feedstock becomes more expensive By I [SINGAPORE] Singapore's huge petrochemical industry has started to feel the pinch of a cyclical downturn in the past few months. And it's expected to drag on for
    644 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      45 1 uesi iam 1 COMP 1,274.24 +0.87 IIKKEI225 13,893.31 +203.12 IANG SENG 24,282.04 +154.73 ;et INDEX 855.60 -1.20 JAKARTA COMP 2,397.00 -22.73 1ANILA COMP 2,855.98 +15.46 ;eoulcomp 1,825.23 +24.65 ;henzhenb 541.93 +13.39 IUMBAI IND 16,275.59 -72.91 12N00N EDT Chant )OW 12,453.25 -26.38 IASDAQ 2,451.05 -6.38
      45 words
    • Article
      Lock icon PRIME RATES
      29 1 12.25 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 Source:
      12.25 Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      40 1 IS$ (S$ per US$) 1.363 (US$/S$ )er 1.973 2.689 :uro (USS/SS/E) 1.574 2.146 'EN 103.80 76.20 3.248 2.383 N<$ 7.806 5.728 !AHT 32.29 23.69 lUPIAH 9,340 6,853 lENMINBI 6.945 5.096 INDIAN RUPEE 42.91 31.48 1.043 0.765 IZ$ 1.271 0.932
      40 words
  • Article, Illustration
    Lock icon Bankers brace for slowdown in loans growth
    566 1  -  CHOW PENN NEE Core lending to take a hit as building and construction ease up By( [SINGAPORE] Bankers here have warned of a knock-on effect from the US slowdown, saying loans growth will slip from the blistering pace fuelled by last year's property
    566 words
  • Page 1 Advertisements
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      3 1 8 *****1 *****4
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      104 1 Invenil et Fecit invented and made The motto of a contemporary watchmaker building his own history. Chronometre Souvi i^^'" s'^ Built in harmony with the noblest traditions A ?W of 18th century marine chronometry. m^^ Geneva I Watchmaking Grand Prix Caliber FPJI3O4 in 18k solid gold Platinum case Dial in
      104 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 VODAFONE MOTORING US ECONOMY OBITUARY 11 CEO Arun Sarin M Insurance premiums Consumer confidence Director Sydney Pollack stepping down soar 20% hits 16-year low dies, aged 73 m PAGE 17 PAGE 28 PAGE 17 PAGE 17 JI wUß^^^^^tfMk fir1 i== ft: I' i" Formidable lawyer Stefaniefhio on priceless memories managing
      52 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Some central banks in turf war with own SWFs
        64 2 SOVEREIGN wealth funds have not exactly delighted their central bankers in some countries. In fact, these central banks could actually diversify their portfolios and seek to drum up higher returns as they see themselves in competition with the more adventurous SWFs.
        64 words
      • Article
        Lock icon Record trading quarter for ETFs on SGX
        65 2 THE market for exchange-traded funds in Singapore reported a record quarter, and has been steadily rising, according to the Singapore Exchange. ETFs aim to track the performance of indices. Trading value more than trebled to ***** million in Singapore Exchange's third quarter ended
        65 words
      • Article
        Lock icon Oei Hong Leong taking stake in United Envirotech
        77 2 UNITED Envirotech, a water and wastewater treatment and reclamation solution provider in China, is raising $13.9 million through the issue of 66.27 million new shares at 21 cents each. And the proposed subscribers are Oei Hong Leong Foundation and Novena Holdings. OHLF,
        77 words
      • Article
        Lock icon Raffles Education in US$150m ventures with India's Educomp
        79 2 RAFFLES Education Corporation has embarked on two joint ventures worth a total of US$l5O million in India and China as it seeks growth in two of the world's biggest markets. Its partner in both ventures is Educomp Solutions Ltd, the first education
        79 words
      • Article
        Lock icon Temasek opening offices in Mexico and Brazil
        76 2 TEMASEK Holdings has set its sights farther afield on Latin America, where it is opening two offices staffed with high-power personnel. In a statement yesterday, the Singapore investment company said it has hired Lorenzo Gonzalez Bosco, former president and chief executive of Barclays
        76 words
      • Article
        Lock icon Asian central banks prop up their currencies
        68 2 ASIAN central banks moved to prop up falling currencies yesterday to help prevent surging oil prices from stoking inflation in economies bracing for a global slowdown. Central banks in Indonesia, the Philippines, South Korea and Taiwan were spotted selling US dollars to support
        68 words
      • Article
        Lock icon KL may raise gas prices to power sector
        84 2 MALAYSIA could raise gas prices to the power sector that's currently subsidised by national oil company Petroliam Nasional, or Petronas. According to officials in the energy sector, the proposal is being considered by Prime Minister Abdullah Ahmad Badawi whose office oversees the
        84 words
      • Article
        Lock icon China bans making of ultra-thin plastic bags
        84 2 CHINA is about to try to kick a three-billion-a-day plastic bag habit. But breaking the addiction, in a bid to save energy and protect the environment, will be easier said than done. This Sunday, the world's most populous nation will join a growing
        84 words
      • Article
        Lock icon Motor premiums rise by as much as 20%
        65 2 MOTOR insurance premiums have soared 20 per cent from a year ago, driven by mounting losses the industry faces. With market leader American Home Assurance, a member of the AIG group, the annual premium for a new Toyota Corolla Altis 1.6 is
        65 words
    • Article
      Lock icon You destroyed SDP, MM Lee tells Chee
      599 2  -  MICHELLE QUAH SDP DAMAGES HEARING By [SINGAPORE] There was no shortage of tension and drama at the High Court yesterday, as Prime Minister Lee Hsien Loong and Minister Mentor Lee Kuan Yew were cross-examined by opposition Singapore Democratic Party (SDP) leader Chee Soon
      599 words
    • Article, Illustration
      Lock icon Matriarch displaces son in Kwok family fight
      639 2  -  JANE MOIR She is taking over as chairman of Sun Hung Kai Properties ByJ in Hong Kong THE 79-year-old mother of the battling Kwok brothers has been appointed chair of Sun Hung Kai Properties, replacing her eldest son following a family dispute over
      AFP  -  639 words
    • Article
      Lock icon Local execs poised to turn the tab es on expats
      482 2  -  LEE U-WEN Headhunters are seeing a new trend in emerging markets By [SINGAPORE] Could companies in the not-too-distant future see the day when their most senior executive positions will be largely filled by locals, rather than an expatriate who commands
      482 words
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      39 2 S3 lon so-™**™ s|nt|cnscnc""™ 111 v^rsz^y i^^.dwffil'iaJk 'Head Office Kallang Centre: 6748 1166* Boon Keng Showroom: *****466 Open on Sunday DAIHATSU ""'(i&SJT'"* ism-2007 -Jurong Centre: 6561 6611* Sin Ming Centre: 6453 1166 Mobile Sales Team: 6748 8833 Website: www.sts.com.sg
      39 words
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      Lock icon Page 2 Advertisements Column 2
      52 2 Woodlands Industrial Park El Built-in 23,000 sq-ft j* (5 Floors) Land area 10,000 sq-ft f* Balance 46 years i' Tenanted $444,000 p.a. if fc, 11 (3yrs) f Asking $5.5 million (neg) rj P' 8% yield (Bank Interest H 3.2% ONLY!) Tenancy in excess of SE monthly instalment based on 80%
      52 words
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  • Page 3 Advertisements
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      75 3 Isn't it interesting how seductive solidity is in times Independent Asset J Managers Family Office Global Custody iU A V Investor Services 1/ r| \C^ f Asset Management |F\ f^ f^ f^ Investment Funds 111 \V^ LI I V^ V^ A^ I Bank Pictet Cie (Asia) Ltd 80 Raffles Place
      75 words
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  • SOVEREIGN WEALTH FUNDS
    • Article
      Lock icon All set for a new chapter in the SWF story
      586 4  -  EMILYN YAP Reports by [SINGAPORE] The 1980s were challenging times for world leaders. The Cold War was escalating, and talk of conflict was rife. But the power play was quite straightforward; allies were on the same side of the Iron
      586 words
    • Article
      Lock icon Guidelines have to be voluntary: Prof Adams
      372 4 [SINGAPORE] Best-practice guidelines for sovereign wealth funds (SWFs) have to be voluntary and are likely to be broad, but they will still serve as useful benchmarks for behaviour, says Charles Adams, visiting professor from the Lee Kuan Yew School of Public Policy. Early
      372 words
    • Article, Illustration
      Lock icon Some central banks in turf war with own SWFs
      707 4  -  EMILYN YAP Rivalry could see them trying to raise their own rates of return: Expert By [SINGAPORE] Sovereign wealth funds (SWFs), the new kids on the block, have not exactly delighted their central bankers in some countries. In fact, these central
      707 words
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      60 4 b^ t? ft 'LJm\ Bklhi (SB B X m^'~' V i' Vwl" kJfc^^fe n Pit/ i^xl" v r^j Receive a $15 voucher* with every $100 nett spend. Citibank credit cardmembers receive a $25 voucher* when they charge to their card. "Valid from now till 20 July 2008 at Dockers'" boutiques,
      60 words
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  • COMPANY NEWS
    • Article
      Lock icon Record trading quarter for ETFs
      380 5  -  CHOW PENN NEE Steady rise saw trading value more than trebling to $727 m By THE market for exchangetraded funds (ETFs) in Singapore reported a record quarter, and has been steadily rising, according to the Singapore Exchange. ETFs aim to track the performance of indices.
      380 words
    • Article
      Lock icon What next, SingTel?
      789 5  -  SIOW LI SEN THE abrupt collapse of takeover talks between South Africa's MTN Group and India's Bharti Airtel over the weekend has not drawn much interest from the market. Some are hopeful this could mean a special dividend is on the cards soon, while others think Sing
      789 words
    • Article
      Lock icon Parkway Life to acquire nursing homes in Japan
      424 5  -  CHEN HUIFEN By A MONTH after making its maiden foray in Japan, Parkway Life Reit has agreed to buy another two properties there for a total of 2.62 billion yen (5534.3 million). The target acquisitions are a nursing home in Yokohama City
      424 words
    • Article, Illustration
      Lock icon Biosensors an exciting firm to watch: new CEO
      711 8  -  CHEN HUIFEN Goals include being the No 1 player in Asia, grabbing 10% of Europe market By HAVING spent the past three months understanding Biosensors International and the stent market, Biosensors' new chief executive and president Michael Kleine is ready to embark
      FILE PHOTOS  -  711 words
    • Article
      Lock icon Oei Hong Leong taking stake in United Envirotech
      410 8  -  LYNETTE KHOO By UNITED Envirotech, a water and wastewater treatment and reclamation solution provider in China, is raising $13.9 million through the issue of 66.27 million new shares at 21 cents each. And the proposed subscribers are Oei Hong Leong Foundation (OHLF)
      410 words
    • Article
      Lock icon At a glance
      89 8 Full year results ended March 2008 NET PROFIT CURRENT PREVIOUS (S$m) I CHNG TURNOVER CURRENT PREVIOUS (S$m) CHNG 1 Yongmao 24.13 11.67 2 Willas-Array 8.12 7.30 3 Swing Media 6.55 5.93 4 Spore Shipping 3.75 13.11 5 Superior Fastening 3.55 2.94 106.8 11.2 10.5 -71.4 21.1 128.61
      89 words
    • Article
      Lock icon China Zaino Q1 net profit almost doubles
      351 8  -  LYNETTE KHOO By RECENTLY listed China Zaino International has a bagful of good news in its maiden financial report. The backpack company announced yesterday a near doubling in net profit to 105.7 million yuan (5520.7 million) for its first quarter ended March 31,
      351 words
    • Article
      Lock icon Credit crisis makes 'junk' bond issuers' work difficult
      543 8 Reuters Investors now need proof of growth potential and trust [HONG KONG] Asian companies looking to raise cash in the high-yield or "junk" bond market this year are facing a hard sell as they try to win over sceptical investors still spooked
      Reuters  -  543 words
    • Article, Illustration
      Lock icon Raffles Education in USslsom ventures with India's Educomp
      449 9 Raffles to bring its programmes to India and Educomp its courses to China RAFFLES Education Corporation has embarked on two joint ventures worth a total of US$l5O million in India and China as it seeks growth in two of the world's biggest
      FILE PHOTO  -  449 words
    • Article
      Lock icon Thai Kim Eng sees 10-20% growth
      264 9 Reuters [BANGKOK] Thailand's Kirn Eng Securities, the Thai subsidiary of Singapore's Kirn Eng Holdings, said yesterday that its 2008 revenues would rise by 10 to 20 per cent from last year's 1.97 biUion baht (SsB3 million) due to an increase of daily trade on
      Reuters  -  264 words
    • Article
      Lock icon Citigroup's Lim Jit Soon to join Lehman in June
      171 9 Reuters LEHMAN Brothers has hired Citigroup's head of equities research Lim Jit Soon in Singapore, banking sources said yesterday, to beef up its securities business in the region. Mr Lim, who headed a team of Citigroup analysts covering the Singapore market,
      – Reuters  -  171 words
    • COMPANY BRIEFS
      • Article
        Lock icon Achieva exec chairman has accident in China
        88 9 ACHIEVA Ltd said yesterday that its executive chairman, Henry Lim Yong Choon, was involved in a car accident last Sunday while on a business trip in China. "Information relating to the accident is sketchy," Achieva said, adding that "Mr Lim's condition is currently
        88 words
      • Article
        Lock icon Sing Lun requests trading suspension
        79 9 SING Lun Holdings has made a request for trading suspension of its shares from today. This comes after Vega Company has garnered acceptances exceeding 90 per cent of the total number of issued shares of the company at the close of its offer yesterday. Under
        79 words
      • Article
        Lock icon DBS closes HT1 securities
        59 9 DBS Bank said that its offer of $1.5 billion of non-cumulative, non-convertible, non-voting, guaranteed hybrid Tier 1 preference shares (HTI securities) closed successfully yesterday. The HTI securities, which have been assigned ratings of "Aa3" by Moody's, "A" by Standard Poor's and "A+" by Fitch Ratings, are
        59 words
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      167 5 -^^.....WW^r \W^^^^^^^^ I *^^H _K^_P^^^*_l _l_l l^_^_^r^ _^_&_b__l _^_^k^_^_^_i 1 ™Il '——*aa_u___________ m W\w __wdi RP\. THE FUTURE HAS BEEN INVENTED. AND IT IS PERFECT. Meet Jaguar's new face. Driven by a new design language as bold as it is exhilarating, the sporty silhouette of the new XF is augmented
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Quiet day as holiday season kicks in
      568 6  -  R SIVANITHY STOCKS Mild rebound in US futures market and an easing of recent selling pressure in HK help STl's recovery THE school holidays have begun and, going by the subdued activity of the past few days, scores of brokers, punters and investors
      Bloomberg  -  568 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      100 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 4 5 0 0 0 9 4 5 lanufacturini 64 52 68 11 73 57 79 Commerce 23 16 18 29 23 19 'pt/Stor/Comms 17 10 11 18 11 12 :inance 14 14 14 14
      100 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL lulti Ind 34,020 34,020 76,750 76,750 lanufacturing 250,711 95,861 346,572 218,090 12,214 230,304 lommerce 40,438 84,295 124,733 48,378 25,472 73,850 'pt/Stor/Comms 88,040 2,735 90,775 218,201 944 219,145 :i nance 26,052 26,052 257,714 257,714 lonstruction 12,092 31,922 44,014
      124 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 6 lapitaLand 6.300 lapitaMall 3.270 +0.020 jtyDev 11.060 +0.060 losco Corp 3.370 +0.080 IBS Grp 19.320 :&N 4.840 +0.060 ient Intl 0.585 +0.010 IK Land 4.720 +0.040 ISH 17.680 -0.260 lardineC&C 16.560 +0.060 Ceppel Corp 11.540 -0.020 Ceppel Land 5.440 -0.030 IOL 3.570 +0.040 loble Grp 2.240
      103 words
    • Article
      Lock icon BROKERS' TAKE
      922 6  -  CHOW PENN NEE Raffles Education Corp May 27 close: $1.28 CITI, May 26 ORIENTAL University City site visit: We visited Oriental University City (OUC), which Raffles Education Corp (REC) acquired in December 2007, in Langfang last week. We come away feeling even more optimistic on the campus' long-term
      922 words
    • Article, Illustration
      Lock icon Greenback mixed in subdued trading
      517 6 AFP CURRENCIES [TOKYO] The US dollar was narrowly mixed in subdued Asian trading yesterday as players fretted about high oil prices and the state of the US housing market, dealers said. They said activity was muted as investors waited for fresh leads after a long
      AFP  -  517 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 6 May 27 VALUE CLOSE -383.00 +27.00 IT OB/OS IT CADI -*****.00+23.00 IT 10-day MA -*****.00 -39.00 TSE ST Mid Cap 793.69 +2.33 TSE ST Small Cap 673.99 +0.13 TSE ST All Share 797.64 +2.59 TSE ST China 474.59 +3.37 IOB Catalist 156.10 +0.23 IMSCI 382.34 +1.28 IMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Jade Tech 79,397,000 Ocean us 74,448,000 Golden Aqri 62,000,000 Gent Intl 27,308,000 Yanqzijianq 22,505,000 SingTel 22,459,000 Firstlink 20,073,000 SouthernPkq 16,820,000 Li Henq 14,987,000 SingTel DBeCWOBO9OB 14,614,000 VALUE(S) SGX 87,979,150 DBS Grp 83,290,340 SingTel 81,918,250 Golden Agri 63,794,640 Keppel Corp 46,620,402 OCBC Bk 40,728,530 UOB 34,519,200 CapitaLand
      59 words
    • Article
      Lock icon RISES
      95 6 CLOSE UP IMH 3262 30.0 0.7 ;txpokwioo 338 18.0 5.' China H 10US$ 1712 16.4 0. .ino-Env 172 15.0 9.' Korea 10US$ 479 15.0 2.. Sembawani 918 13.0 1.. IOBMBLiCW*****0 647 13.0 2.1 I A 1560 10.0 0.' •embCori Ind 470 10.0 2.. Creative Tech 650 9.0 1.. BY
      95 words
    • Article
      Lock icon FALLS
      122 6 CLOSE DOWN BMT 1800 -80.0 -4.3 ISH 1768 -35.4 -1.4 IGX MBL JCW*****3 312 -35.0 -10.1 Venture Con 1010 -30.0 -2.9 :iMBAsean40 100US$ 962 -27.2 -2.0 Te Land 629 -16.0 -2.5 DBS MBL eCW*****8 42.5 -12.5 -22.7 MCL Land 170 -11.0 -6.1 IS MSCI India 100 709 -9.5 -1.0
      122 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      81 6 May 27 CHNG CLOSE FRMay26 YR2008 S$ LOW S$ HIGH ISS 1.3625 -0.02 1.4542 1.3457 iuro 2.1489 -0.16 2.2064 2.0474 'ounds 2.6930 0.03 2.8431 2.6568 1.3101 -0.33 1.3235 1.2349 ren* 1.3124 0.35 1.4484 1.2832 lupiah* 0.***** -0.18 0.***** 0.***** !aht* 4.2194 0.42 4.4299 4.2350 •eso* 3.1138
      81 words
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  • Page 8 Advertisements
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      988 8 (iT 11^2^81 ARAB BANK PLC *yMSfW (Incorporated in Amman, Jordan) BALANCE SHEET I INCOME STATEMENT at 31 December 2007 and 2006 for the years ended 31 December 2007 and 2006 2007 2006 2007 2006 USD ('000) USD('OOO) USD ('000) USD('OOO) Cash and balances with central banks 4,437,595 2,904,777 Interest Income
      988 words
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      367 9 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
      367 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Temasek opening offices in Mexico and Brazil
      443 10  -  SIOW LI SEN Agency hires former Barclays Bank CEO in Mexico as MD for investment there By TEMASEK Holdings has set its sights farther afield on Latin America, where it is opening two offices staffed with high-power personnel. In a statement yesterday, the
      443 words
    • Article
      Lock icon Services sector expands 19.1% in Q1
      392 10  -  EMILYN YAP But going may get tough as economy slows, warn analysts By BUSINESS receipts for the services industry rose a respectable 19.1 per cent in the first quarter of this year compared with Ql 2007. But economists reckoned that the going may get
      392 words
    • Article, Illustration
      Lock icon Govt rolls out two industrial sites
      420 10  -  KALPANA RASHIWALA By THE government continues to roll out new sites for sale against the backdrop of a quieter market. The latest to be offered are two industrial sites a confirmed list plot in Woodlands with Business 2 zoning being launched for tender, and
      420 words
    • Article, Illustration
      Lock icon April visitors hit 826,000, a record for the month
      283 10  -  WEE JUN KAI By SINGAPORE welcomed 826,000 visitors 0.8 per cent more than in the same month a year ago and a new April record. Visitor days were estimated at 3.3 million days, an increase of 9.9 per cent from April
      AFP  -  283 words
    • Article
      Lock icon Highway diverted for petrochem cracker
      252 10  -  CHARMIAN KOK By JURONG Island will go to great lengths to accommodate the petrochemical industry as shown by the near-$lOO million Jurong Island Highway diversion project. About a kilometre of highway was diverted so that ExxonMobil could build a second cracker next to its current
      252 words
    • Article
      Lock icon German VC to fund 10 nanotech firms a year here
      412 10  -  ONG BOON KIAT By GERMAN venture capital (VC) firm Nano start AG which is organising the first NanoEquity Asia conference in Singapore plans to fund up to 10 nanotechnology firms a year in Singapore from 2010, said company chief executive
      412 words
    • Article
      Lock icon SMEs cite shortage of skilled workers, costs as top obstacles
      364 10  -  WEE JUN KAI By SINGAPORE SMEs are feeling the pinch in the tightening labour market here, according to the findings of the latest UPS Asia Business Monitor (ABM) 2008 released yesterday. Now in its fourth year, the UPS ABM 2008
      364 words
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      234 10 iSTTi noble 'JJgJ group NOTICE TO BONDHOLDERS OF ADJUSTMENTTO CONVERSION PRICE Noble Group Limited [incorporated in Bermuda with limited liability) U*****,000,000 ZERO COUPON CONVERTIBLE BONDS DUE 2014 CONVERTIBLE INTO ORDINARY SHARES OF NOBLE GROUP LIMITED (THE "BONDS All terms used in this notice and not otherwise defined herein shall have
      234 words
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      2941 11 I INTES4 S>NB4OIO rVl^i»l^» t^^*-*r^*^l^l*^t D^AI^IrV Registered Office: Piazza San Carlo, 156,***** Torino. [INCORPORATED IN THE REPUBLIC OF KOREA) Secondary Registered Office: Via Monte di Pieta, 8, ***** Milano. 31 December 2007 Intesa Sanpaolo S.p.A. Singapore Branch: 6 Temasek Boulevard #42-04/05, Suntec Tower Four, Singapore *****6 NON-CONSOLIDATED BALANCE SHEETS NON-CONSOLIDATED
      2,941 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Asian central banks prop up their currencies
      640 12 Reuters But focus has shifted to containing inflation as oil prices soar to record highs [SEOUL/SINGAPORE] Asian central banks moved to prop up falling currencies yesterday to help prevent surging oil prices from stoking inflation in economies bracing for a global slowdown. Central
      Reuters; AFP  -  640 words
    • Article
      Lock icon Vietnam inflation hits 25.2% in May
      342 12 Reuters Govt seeking to cut 2008 growth target to 7% from 8.5-9% [HANOI] Vietnam's annual inflation accelerated to 25.2 per cent this month from 21.4 per cent last month, its seventh consecutive double-digit reading and one of the highest in Asia. The government's General
      Reuters  -  342 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8306 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.928/ Star Europe Bond 1.189/ Star Europe Bal 1.163/ Star Asian Tiger Eqty 1.317/ Star Asia Bond 1.172/ Star Asia Balanced 0.96/ Star Global Technology Fund!** 0.195/ MultiStFd 0.815/ Star Asia Bond(USD) 0.861/ Gib Multi St USD 1.072/ Asia
      8,306 words
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  • SINGAPORE ARTS FESTIVAL
    • Article, Illustration
      Lock icon Experiencing different perspectives
      871 13 Matthew Ngui's Points of View is the first solo show of an artist hosted by the National Museum, reports MADHVI SUBRAHMANIAN HILE the performing arts takes centrestage at the Singapore Arts Festival each year, a strong visual arts element helps to affirm Singapore's commitment to engage an
      PHOTOS BY JOSEPH NAIR  -  871 words
    • Article, Illustration
      Lock icon Smorgasbord of visual art treats in store
      618 13  -  LAN POH 3 exhibitions soon with offerings from diverse cultures By IN the coming month, expect to see three culturally diverse Visual Art exhibitions, as part of this year's Singapore Arts Festival. Three-part offering Crosscurrents: New Media Art is a cross-cultural discourse on
      618 words
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      60 13 The celebration of Fuzhou cuisine has been 143 years in the making. It has just got better on our first anniversary in Singapore! j^^^_ I}. fit l^^^^Js^ Enjoy 1-for-l Original 1876 Buddha Jumps Over The Wall and savour the finest selection of wholesome Fuzhou dishes. Limited to advanced reservations from
      60 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL may raise gas prices to power sector
      407 14  -  S JAYASANKARAN If accepted by the govt, the proposal may affect Tenaga's profitability By in Kuala Lumpur MALAYSIA could raise gas prices to the power sector that's currently subsidised by national oil company Petroliam Nasional, or Petronas. According to officials in the
      407 words
    • Article
      Lock icon Rio Tinto sues Indonesia's regional govt
      327 14 [JAKARTA] The Indonesian unit of mining group Rio Tinto has sued a regional government in Central Sulawesi for issuing a mining permit to local firms while it is still negotiating with the government over the area, a company official said yesterday. The global mining
      327 words
    • Article
      Lock icon BURSA MALAYSIA
      2254 14 lay 27 RM C000) ASM Realty 0.58 \bric Bhd 0.14 advance Synergy 0.12 Adventa Bhd 1.30 AeMuIti Hldgs 0.22 Win Holdings 2.02 Ahmad Zaki Resou 0.90 AicCorp 0.51 \irasia Bhd 1.01 Akn Technology 0.49 alliance Financi 3.20 aluminium Co 1.03 Amalgamated Ind 0.59 tamb Hldgs Bhd 3.90 Amtel
      2,254 words
    • Article, Illustration
      Lock icon Indonesian police, protesters clash over fuel price hike
      327 14 AFP [JAKARTA] Indonesian police clashed with protesters yesterday amid ongoing anger at the government's decision to hike fuel prices to rescue the budget from soaring subsidy bills, reports said. At least two demonstrators were arrested after some 30 students hurled stones at
      AFP; AP  -  327 words
    • Article
      Lock icon M'sia sees faster exports, FDI rise in '08
      468 14 Reuters [KUALA LUMPUR] Malaysia's exports and foreign direct investment (FDI) in 2008 will grow faster than last year, helped by strong commodity prices and sustained economic growth, the trade minister said yesterday. Strong domestic demand has helped to prop up Malaysia's economy
      Reuters  -  468 words
    • Article, Illustration
      Lock icon Malaysia to ask India to further cut duties on refined palm oil
      386 14 [KUALA LUMPUR] Malaysia will ask India to cut import duties on refined palm oil further, to halt a nine-year fall in palm oil exports to the country, the plantation minister said, reported Malaysia's Business Times. Plantation Industries and
      AFP  -  386 words
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  • GREATER CHINA
    • Article
      Lock icon China bans making of ultra-thin plastic bags
      637 15 Reuters Bags under 0.025 mm thick are typically discarded after one use [BEIJING] China is about to try to kick a three-billion-a-day plastic bag habit. But breaking the addiction, in a bid to save energy and protect the environment, will be easier said
      Reuters  -  637 words
    • Article, Illustration
      Lock icon Wine, spirits show taps Asia's growing thirst
      350 15 AFP [HONG KONG] Vinexpo, Asia's largest wine and spirits exhibition, opened in Hong Kong yesterday as sellers from across the world try to tap into the growing thirst for fine vintages in the region. The third instalment of the France-based show features 700
      AFP  -  350 words
    • Article
      Lock icon Taiwan tycoon sells Qing pot to help quake victims
      305 15 Bloomberg The antique was sold at reserve price of HKs6sm [HONG KONG] Taiwanese computer-chip tycoon Robert Tsao sold an imperial Qing Dynasty glass pot for HK$65 million (Ssl 1.3 million) at an auction here yesterday, to help victims of China's deadly
      – Bloomberg  -  305 words
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      78 15 I pF^f;' b I l ;^^^l I l I I I I __W I H l_&_v ____m I I I \W^^' i\\ TA >^ I _H I P W 1 WWw _________________________________________________________m _^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^_^X H V jßr '■< _m_W____W________________\\\\m**^ \a_\\\ I I'if ilOJifaV/AO 11/uUUL T %_F V "_F^»^^ _W^^__Wa~ m fi
      78 words
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  • INDIA
    • Article
      Lock icon MTN as Reliance Comm's holding company?
      481 16 Bloomberg Anil Ambani may transfer stake in Indian telco to South African group: paper [MUMBAI] A proposed deal between South Africa's MTN Group and India's Reliance Communications may result in a transfer of chairman Anil Ambani's two-thirds stake in the Indian firm to MTN,
      Bloomberg  -  481 words
    • Article
      Lock icon India to decide on fuel price rise soon
      194 16 Reuters [NEW DELHI] India will take a decision soon on whether to raise petrol and diesel prices, a senior oil ministry official said yesterday, as it struggles to ease losses at state oil firms without adding to inflation or alienating voters. Asian
      – Reuters  -  194 words
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      563 16 LUAURY ii i^Mto* iiMiwiHMMiiiyiiiHjiiiiy^^ ~-uLLIy—J|H BJ'ffiMJiinoiNjjM BIvHiVEbRS H Live the high life during the Great Singapore Sale with a string of exclusive dining offers at I I Swissotel The Stamford! SSSPiIp Leisurely Lunches at JAAN Stars Spice at KOPI TIAM Wtrf'^grY^ Savour French summer innovations in Jaan's m^i^^pst^ Sup on
      563 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Consumer confidence index hits 16-year low
      556 17 AP, Reuters LATEST US DATA Home prices drop at sharpest rate in two decades during Q1 [NEW YORK] Soaring gas prices and weakening job prospects made shoppers gloomier about the US economy in May, sending a key barometer of consumer sentiment to its lowest
      – AP, Reuters  -  556 words
    • Article, Illustration
      Lock icon Director Sydney Pollack dies at 73
      329 17 Reuters [LOS ANGELES] Hollywood filmmaker Sydney Pollack, who won a pair of Academy Awards for the epic romance Out of Africa and earned praise for acting stints in films including Tootsie and Michael Clayton, died on Monday after a battle with cancer, his spokeswoman
      Reuters; REUTERS  -  329 words
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      Lock icon Vodafone posts record profit; CEO calls it a day
      527 17 He's leaving on a high note and will be succeeded by his deputy [LONDON] Vodafone Group pic chief executive officer Arun Sarin will step down and be replaced by his deputy Vittorio Colao after the world's largest mo-bile-phone company reported a
      AP/AFP  -  527 words
    • Article
      Lock icon Rice futures fall by daily limit
      520 17 Bloomberg Cambodia ends export ban, alleviating concerns [SINGAPORE] Rice futures tumbled by their daily limit for the second session as producers eased export bans, alleviating concerns that global supplies will fail to meet demand. Cambodian Prime Minister Hun Sen announced on Monday that an
      Bloomberg  -  520 words
    • Article
      Lock icon Japanese govt faces revolt over BOJ nomination leak
      429 17 Reuters [TOKYO] The Japanese government's plans to fill one of two vacancies on the Bank of Japan's rate-set-ting policy board were thrown into disarray yesterday when a nominee's name was leaked, prompting his rejection by opposition lawmakers. Japanese media had named hawkish
      Reuters  -  429 words
    • Article, Illustration
      Lock icon Fleet splits round Bahamian islands
      356 17 FOLLOWING the Le Mans start yesterday the teams have had to battle with squally conditions bringing occasional heavy rain and patches of light wind. "It has been an interesting race so far with trimming and good helming the priorities," says Ricky Chalmers, skipper of Durban
      ON EDITION  -  356 words
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  • AVIATION
    • Article
      Lock icon Aerospace sector focuses on efficiency
      564 18 AP Better machinery and alternative fuels needed [BERLIN] With oil prices on a record flight path, the global aerospace industry will be focusing on improved efficiency and developments in alternative fuels at the International Berlin Air Show this week. The gathering known formally as the
      AP  -  564 words
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      Lock icon Fraport considers investing in eastern Europe
      426 18 Bloomberg [FRANKFURT] Fraport AG, owner of Frankfurt Airport, is considering acquisitions in eastern Europe as part of its strategy to make up for slowing traffic growth at home, chief executive officer Wilhelm Bender said. "We want to move into markets with over-propor-tional growth and
      – Bloomberg  -  426 words
    • Article
      Lock icon EU boost for emission trading plan
      169 18 -Reuters [BRUSSELS] A European Parliament panel voted yesterday to accelerate by a year, plans to include aviation in the EU Emission Trading Scheme (ETS). Under proposals being drawn up in Brussels to fight climate change, airlines using EU airports would be included in the
      -Reuters  -  169 words
    • Article
      Lock icon Third Kuwaiti airline taking off in January
      212 18 Reuters [KUWAIT] Kuwait National Airways said on Monday that it plans to start operations in January, becoming the third carrier in the Gulf state looking to tap into aviation traffic growth in the Middle East. The carrier will operate under the brand name
      – Reuters  -  212 words
    • Article
      Lock icon Risk of further industrial problems haunts EADS
      388 18 Reuters [AMSTERDAM] Airbus parent EADS said on Monday it had been hit by gloom surrounding global aviation and warned its industrial problems may not yet be over, but moved to cheer up shareholders with talk of a higher dividend next year. Chief executive
      Reuters  -  388 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2440 18 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al -ir India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airhn-- (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl R. Airlines Sdn Bhd (RBA), BO Bouraq Airline EVA Airways Corpn
      2,440 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      223 18 CRYPTIC CROSSWORD ACROSS 16 Manages to find room, send- hh HH^^HH"^ worker's heard? (6) HH HH make best use of it (8) 24 Attitudes sure to develop on the J°b (8) 5 Emphasises safety first with 25 Bill backing educational esta- hair (8) YESTERDAY'S SOLUTION blishment (4) 6 Disheartened guard
      223 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Marine, offshore sectors post record year
      394 19 By lAN POH [SINGAPORE] For Singapore's marine and offshore industries, last year was a busy year as shipyards endeavoured to fulfil their order books on time and within budget. It was also a rewarding year with many successful completions and deliveries of projects, according
      ST/FILE PHOTO  -  394 words
    • Article
      Lock icon India's Dhamra Port faces 2 years' delay
      115 19 Bloomberg [MUMBAI] India's Dhamra Port, being built by Tata Steel and Larsen Toubro, should be completed in April 2010, two years behind schedule, a port executive said. The port, which faces opposition from environmental organisations including Greenpeace, will be built at a cost
      Bloomberg  -  115 words
    • Article
      Lock icon Security gap found in US port procedures
      106 19 AP [WASHINGTON] A Department of Homeland Security (DHS) programme to strengthen port security has gaps that terrorists could exploit to smuggle weapons of mass destruction in cargo containers, congressional investigators have found. The report by the Government Accountability Office (GAO), released yesterday, assesses
      AP  -  106 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        101 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.65 0.36 3.37 0.77 2.80 1.18 0.07 unch 1.55
        101 words
      • Article
        Lock icon KLSE
        31 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.83 9.55 9.45 4.12 3.22 unch -0.01 0.10 unch -0.02 0.10 unch 193 617 616 1083 7 0
        31 words
      • Article
        Lock icon BANGKOK
        12 19 '00 'recious Ship Regional Cont 24.80 24.80 -0.20 -0.20 1723 84
        12 words
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        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont .48.80 ...2.42 unch 0.06 283 1228
        11 words
      • Article
        Lock icon PHILIPPINES
        22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 7.30 33.00 2.50 1.70 0.10 0.50 unch -0.20 7156 604 140 10
        22 words
      • Article
        Lock icon TAIPEI
        27 19 May 27 NT! Vol Evergreen Marine ...28.70 First Steamship 73.00 Wan Hai Lines 27.30 Yang Ming Marine ..24.40 0.05 2.00 0.25 -0.15 8 3 4 12
        27 words
      • Article
        Lock icon TOKYO
        39 19 '000 bj. 'en <awasakiHvylnd...294.00 4.00 7360 (awasaki Kisen ...1129.00 12.00 4823 Mitsubishi Hvy 515.00 11.00 ***** Mitsui Eng&Sbldg ..379.00 3.00 ***** Mitsui Osk Lines ..1529.00 25.00 6471 Mippon Express 516.00 6.00 2555 MipponYusen 1050.00 29.00 4588 source: Reuters
        39 words
    • Article
      Lock icon AP MoUer goes green and spreads the news
      628 19  -  DAVID HUGHES STRAIT TALK Container transport is the most energy-friendly way of moving goods By DANISH shipping giant A P Moller-Maersk made a lot last week of its efforts to become more environmentally friendly. The company says that increased energy efficiency led
      628 words
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      1258 19 I 1 'J&fSRRRI I a KIRIBATI v 8,..,., ....i*H kkZJ aS mM "Ship Registry BankofAmerica j v^ v &|Mtes* Dscember3l Deoember3l SuWOWft^fS 2007 2006 2007 2006 W #v» Assets Interest Income Cash and cash equivalents 42,531 36,429 Interest and fees on loans and iK^ri^^Jtffl Time deposits placed and leases 55,681
      1,258 words
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  • EDITORIAL & OPINION
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      Lock icon Threats and opportunities in Taiwan
      496 20 NEW Taiwanese President Ma Ying-jeou is saying all the right things to smooth feathers so carelessly ruffled by his predecessor. At Mr Ma's inauguration last week, he offered to re-establish a dialogue with Beijing and to push for normalisation of economic and cultural links with
      496 words
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      Lock icon How to send staff on overseas assignments
      1240 20  -  RICHARD SCHULTE Treat them nicely and they'll serve you well; if not, they could cost the organisation plenty By SENDING people on international assignments is always a costly affair. While salaries already make up the single highest cost in the profit-and-loss account of
      I AP  -  1,240 words
    • Article
      Lock icon Why Brazil's ethacane could be the world's oil substitute
      792 20  -  ALEXANDRE MARINIS Bloomberg THE BOTTOM LINE By SOMETIMES two things look pretty much the same, such as a Cartier diamond and a Home Shopping Network cubic zirconia. There's a world of difference between the two. The same is true of ethanol
      Bloomberg  -  792 words
    • Article, Illustration
      Lock icon Mobile industry shifting to East
      1141 21  -  HEATHER TIMMONS KEVIN J O'BRIEN NYT Emerging markets replace West as key investors, reflecting a new order in wireless telecoms sector By By and THE MTN Group, a small mobile operator in South Africa, attracted an investment in 1995 from SBC, a US telecommunications company.
      NYT; AFP  -  1,141 words
    • Article, Illustration
      Lock icon McCain is so wrong but so what about that?
      851 21  -  ROSA BROOKS -LAT By UNSOLVED mysteries of the universe: Where did matter come from? Why did all those ships vanish in the Bermuda Triangle? Is there really a Loch Ness Monster? And here's a new one to add to your list.
      -LAT; AP  -  851 words
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      989 21 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF (I)CHUANHUAT ELECTRICAL ENGINEERING FTE LTD (Company No *****8576W) (2) BECKLEY INVESTMENTS PTE LTD (Company No. *****8730R) (3) PRINLEY INVESTMENTS PTE LTD (Company No. *****0975 D) (In Credlton/Voluntary Liquidation) TAKE NOTICE that a meeting of the creditors
      989 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7097 22 Transaction date: May 27 High !-wks Tel Low Code Company Sale ('000) High ■ow Buyer Seller C'vr P/E $mil 5716 1st Software i I 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
      7,097 words
    • Article
      Lock icon SGX XTRANET
      81 22 52-Wk Tel Hiqh Low Code Last Sale Vol Cooo) Day ih Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E $mil Comi Jii! 200 116 6065 Diamonds 6200 6200 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      81 words
    • Article
      Lock icon SGX CATALIST
      1918 22 52-Wk Tel Hiqh Low Code Last Sale Vol COOO] Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 30 11.5 1181 s AAGrp 41.5 15 5000 s ABR Hldgs 31 18 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 19.5
      1,918 words
    • Article
      Lock icon CLOB INTERNATIONAL
      214 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      214 words
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      118 22 353 Mm w\ PHOENIX r*t _MO/ /<^t _^l 9 Australia L C W 1 I^V _\W \W___W _i!ll iJSD I Canada t W IDD v_"' H I _^l M__China Make an affordable call HT^^^^^ T' _^^____*^^^^T___^^r_--\ H—fi-U-?* I V""t-^*s _^V. _j-^T_\ I _^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>^^B Germany j I W_W_\ \Wa^__ \w___W \W
      118 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 26 World Index Preliminan 1045.8 -0.4 -7.6 -0.2 -10.0 -0.4 -4.9 EAFE Preliminai 1002.9 -0.8 -10.5 -0.5 -10.1 -0.8 -5.0 Euri Preliminan 1379.4 -0.2 -10.6 0.0 -10.8 -0.2 -5.7 Pacific 862.0
      363 words
    • Article
      Lock icon PALM OIL
      62 23 May 27 Delivery Month Opening Range Sett Av Price Price Hii Vol Open Done Position Low Jun 08 3697 Jul 08 3700 Aug 08 3707 Sep 08 3720 Total o/p: ***** contracts 3712 3712 3689 3725 3728 3700 3730 3737 3706 3737 3741 3714 Turnover: 8486 lots Market
      62 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 23 May 27 ten Hji Sett STI SIMSCI Ma' 380 385.5 381.6 Taiwan Ma' 334.8 337.7 336.6 Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 May 27 S! Bid Offer 1-month 1.3605 1.3619 2-months 1.3590 1.3605 3-months 1.3575 1.359 6-months 1.3535 1.3552 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 23 May 27 Against SS Currencies Bid Offer Against USS Bid Offer S$iUS$ to one unit of foreign currency: Australian dollar 1.3063 1.3076 0.9590 0.9591 Canadian dollar 1.3713 1.3727 1.0066 1.0068 Euro 2.1445 2.1468 1.5743 1.5746 NZ dollar 1.0718 1.0734 0.7868 0.7873 Sterlini md 2.6876 2.6907 1.9730 1.9735
      157 words
    • Article
      Lock icon SICOM FUTURES
      291 23 May 27 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 09 441.75 440.75 438.25 435.75 435.50 436.50 RSS 3 (US cents/kg) Month High Low Sett Volume (tonnes) Open
      291 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      128 23 9am May 27 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.3020 1.3170 Can dollar 1.3670 1.3840 Euro 2.1410 2.1640 NZ dollar 1.0660 1.0890 Sterlini md 2.6860 2.7171 US dollar 1.3550 1.3710 Local dollars to 100 units of foreign currency: Currencies
      128 words
    • Article
      Lock icon INTERBANK RATES
      158 23 May 27 fei Overnight 3/8 1-month 1 1/8 2-months 1 3/16 3-months 1 1/4 Overnight mode: 3/4 USS 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 JAu 1 month 3 months 6 months 12
      158 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 23 May 27 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.953 6.661 0.609 7.486 41.153 89.575 0.996 9.974 3.115 1.219 65.311 41.920 1.307 7.373 0.985 29.284 30.973 0.486 0.959 Canada 1.050 6.992 0.639 7.859
      465 words
    • Article
      Lock icon PRECIOUS METALS
      138 23 May 27 GOLD (USS/oz) Ma: 27 Ma: 26 Hong Kong London 923.20 923.90 924.20 924.90 May 26 May 23 926.85 926.15 928.45 927.15 Source: Reuters CAST BAR (S$) May 27 Buying Sellim Kilobar "43,587.52" ***** PAMP GOLD BARS (SS) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      138 words
    • Article
      Lock icon SIBOR
      75 23 May 27 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 3.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      75 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 23 May 27 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****N 28.08.08 1-Year BY*****N 04.05.09 0.90 1.03 1.03 1.03 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
      92 words
    • Article
      Lock icon LONDON METALS
      71 23 May 23 minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 2959.00 2952.00 3 months 3001.00 2995.00 Copper, Grade A (US$/tonne) Cash 3 months 8301.00 8180.00 8232.00 8125.00 Lead (US$/tonne) Cash 1988.00 3 months 2009.00 1991.50 2010.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      71 words
    • Article
      Lock icon LIFFE
      81 23 May 23 Close Prev Hii ih/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 08 2215
      81 words
    • Article
      Lock icon CHICAGO BOT
      101 23 May 23 (5,000 bu min; US cents/60 Ib 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 OS 63.56 61.83 64.25 62.90
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS 23 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1 -Mth F) 131.48 -0.04 WTI (Near Mth) 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
      77 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      377 23 Ma Y 27 EURODOLLAR FUTURES Jun08 Sep08 Dec08 Mar09 97.350 97.250 97.020 96.845 0 0 0 0 ***** ***** 7783 ***** EUROYEN FUTURES Jun08 99.145 99.145 Sep08 99.095 99.105 Dec08 99.005 99.015 Mar09 98.910 98.930B Jun09 98.830 98.835B Sep09 Dec09 Mar10 99.145 99.095 99.005 98.910 98.815A 98.750A
      377 words
    • Article
      Lock icon BONDS & WARRANTS
      1346 23 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- C000) Ratio Price ing Left 8756 Asiatic Grp (H) Ltd W*****2 9 1.5 10 1 3 1.33 28 4267 Biosensors DB ECW*****5 20.5 -2 10 1 70 4 3666 Capitaland BNP ECW*****9 4.5 -2.5
      1,346 words
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      Lock icon Page 24 Advertisements Column 1
      2899 24 m The Business Times Shipping Times KPfl WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r W an— ■%J£S&gSSatSSSI gIBBaSHSB l%r" ~"*V. ■■>*■ ■>■ TEL *****588 (14LINES) FAX:*****163 1 V.^ "^TCTITT^^TCV ■graffifXj IJJK&UJJj I V\\MN WAN HAI INFV Customer Service/Bookings Direct Une (1800) *****200 BMMH^HMIM^KrcHfj^^^M BBQBe3iSß*tE*se]jJß I V V VWf^ll llfll LllvLaaV FKLIEL:
      2,899 words
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  • Page 25 Advertisements
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      3168 25 RICKMERS-LINIE \\~k~\ EASTERN CAR LINER. LTD If§ £J®3S^ Regular Break-Bulk/Project/SOC Conventional Services website: www.rickmers.com I 111 Mm I I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I ii.rri#iw rvnnroo o»ii mn oniirnui r USA Service n WbbKLY bXrnboo oAILINti oLHbUULb aZ Seoul 8 -j wir Wr ~m m |SBT^^^^^~
      3,168 words
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      3065 26 ___^^^W I II- J A MnCDCtSn Tel: 65-*****907 Fax: *****917 I """l """l """l """l ""H pSH II 13 [|R II A^PE^l^ M M «_^«.gafeir. fa glory navigation group I K^SPBiißHWlfßßiiPliliHii MMI Hi north west express line «&4*_*w*is«wstfi MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [lilts AtE aHIVaL [laIES SINCE
      3,065 words
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      3245 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • MOTORING
    • Article, Illustration
      Lock icon Motor premiums rise by as much as 20%
      747 28  -  SAMUEL EE Increases driven by mounting industry losses which hit $103 m last year Reports by MOTOR insurance premiums have soared 20 per cent from a year ago, driven by mounting losses the industry faces. With market leader American Home Assurance (AHA),
      747 words
    • Article
      Lock icon Convenient online quotations for motor insurance
      415 28 WITH premiums on the rise, Internet portals aim to provide a convenient and more transparent way to shop for motor insurance. Regoo (www.regoo.com. sg) says it offers quotes "from over 10 insurance providers in a three-step process that takes just five minutes". When the
      415 words
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      2335 28 Head Office: Hana Bank Building 101-1 1-Ka Euljiro. Chung-Gu, Seoul. Korea 100-191, http://www.hanabank.com I ■■vl 11 ICI V 131\« L.I Iv3l\l lUCI LfCllllVV^ll Singapore Branch: 8 Cross Street, #23-06 PWC Building Singapore *****4Te1: (65) 6438 4100 Fax: (65) 6438 4200 Swift: HNBNSGSG L^M Head Office: KlingStradgardsgatan 8, Stockholm, Sweden CONSOLIDATED
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  • EXECUTIVE MONEY
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      Lock icon Most emerging market currencies 'holding up well'
      624 29  -  GENEVIEVE CUA Period of US dollar weakness didn't translate to EM weakness: Invesco By AS the US dollar continues to flounder, investors keep looking for alternatives to hedge or diversify their exposure. So what about local currency emerging market (EM) debt? Invesco senior
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      Lock icon Time for investors to take a balanced approach
      628 29 MT [NEW YORK] At the end of last year, when conventional wisdom said that the economy was headed for recession, a fixed-income strategy was simple: just shift into the lowest-risk investments you could find. The flood of money that poured into ultrasafe
      MT  -  628 words
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      Lock icon Dangerous complacency setting in
      1275 31  -  LIM SAY BOON Don't be fooled we haven't hit bottom yet; there are likely more unpredictable global financial and economic shocks to come this year BEWARE the New Complacency. In the past two months, there has been a revival of risk appetites, with global equities markets
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      Lock icon Structured products gaining popularity despite volatility
      1034 32 If you are inclined to invest, do so in structures that you understand, such as credit linked structures. For equity linked notes, make sure you understand the formula used to calculate the outcome, writes GENEVIEVE CUA LOW bond yields and endemically low deposit rates
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      111 29 V^^l W J «r 11*1*' a iM»[3 Lianhe Zaobao A H ■M||B Al I Bel lIHIJHI IHIJH H »X^i d CHAUFFEUREDAROUND Unnn Unnn'e TUD BP'^lJl BY YOUR FAVOURITE I Hong Kong s tub Ea^Evl 91.3 djs and enjoy I become I 1 P^jsa 'HEMTY"aiwm'il'lw?? ri flirt 111 Find of the
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  • MANAGING WEALTH
    • Article, Illustration
      Lock icon Charitable side of investing
      1076 30 Lawyer Stefanie Yuen Thio invests to set aside a significant portion to donate to charities, reports SIOW LI SEN Q: How was money when you were a child? A: We were comfortable but there wasn't a lot of money for luxuries. Q: Have you begun investing?
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      Lock icon Formidable lawyer, glamorous devoted mother
      325 30  -  SIOW LI SEN By STEFANIE Yuen Thio can't abide fools. She is also sociable, highly vocal and even more opinionated, with an off-beat and generally self-deprecating sense of humour. To look at the glamorous Ms Thio with hardly a hair out of place, one wonders
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      1831 31 Advertising Feature $Ha™ Tk^lwrfJfiif/i^f ,rf&k INTERNATIONAL INTERNAL j^jk me insLiiuie or audit awareness month ■■^Internal Auditors b^^^j^iiijjAyj^MiyuHd Internal auditors around the world are proud to dedicate May as the International Internal Audit Awareness Month, designated to focus on internal audit awareness-building efforts all around the world. To commemorate this joyous
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      559 32 Outside the Big 4, the choice is obvious. Meet our key 2nd Generation Leaders j^^ We are looking for audit, tax and AJH^ jflk. (H f"l W 7 P °me advisory professionals with f% fTJ M| Q| I W a i the passion lor the profession and > I >
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  • Page 32 Miscellaneous
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  • Banking & Finance 2008
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      Lock icon ASIAN EXPECTATIONS
      345 33  -  Chow Perm Nee AS bellwethers of the local economy, banks are usually the first to indicate if a country is headed for a downturn or an upswing. What we are witnessing now in Singapore plunging income from trading and investments, a soon-to-come slowdown in loans growth is a
      345 words
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      Lock icon UOB stays upbeat about future
      1004 34 Wee Ee Cheong thinks there are bright spots such as Singapore's domestic fundamentals, and its regional efforts, writes chow peiuiu nee A LOOMING US recession, turmoil in the financial markets, high inflation and staff costs, compressed margins. This is the scenario facing banks this year.
      JOHN HENG  -  1,004 words
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      Lock icon Banking on S'pore growth prospects
      1123 36 ÜBS Singapore country head Gerald Chan talks to chowpeimim imee about his new role and most immediate goal STRUCTURAL changes in Singapore have benefited and will continue to benefit the banking sector, says ÜBS Singapore country head Gerald Chan. So Singapore's long-term banking future seems
      ARTHUR LEE  -  1,123 words
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      Lock icon OCBC 'making itself different from others'
      1138 38 CEO explains the thinking behind the emphasis on making the bank more distinct from its rivals as well as the initiatives being taken to do so, writes coimrad taim IN OCBC Bank's latest annual report, David Conner, the group's chief executive, and Cheong Choong
      ARTHUR LEE  -  1,138 words
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      Lock icon Asia in a tremendous growth phase despite write-downs: Citi
      851 38  -  CHOW PENN NEE By CITIGROUP had just released its Ql figures at the time of this interview, and although write-downs were significant, Piyush Gupta, Citigroup Singapore country officer, made sure to emphasise that it was within expectations. Asia, he took care
      JOHN HENG  -  851 words
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      Lock icon Cashing on currency fluctuations
      1302 39 Currency market is one of the many options investors can look at to protect their capital and grow it too, writes sin/iora goh INVESTORS watching their share portfolios being put through the wringer of volatile share markets have two problems: First, preserving their capital. This is
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    • Article
      Lock icon Local banks slow down loan activity
      842 40 Foreign banks step in to fill the gap as their local counterparts become more circumspect in extending loans due to industry limits, writes siow li sen A CURIOUS thing is happening among lenders in Singapore. The local banks are slowing down their loans activity
      842 words
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      Lock icon Embracing the compliance mindset
      1087 41 The process may provide opportunities to fine-tune management and operational efficiency, write yap chee meimg and goh eak boom THE importance of compliance has been elevated in recent years, with burgeoning regulations occurring in the light of terrorism, major corporate scandals and a need to align
      APPLE DAILY  -  1,087 words
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      Lock icon Lessons from the sub-prime debacle
      869 42 Use the best available tools to uncover risks that are not discovered by mathematical means, write wiimstoim imgaim and cheim jee meimg WHAT started out as a domestic US mortgage problem spread across the globe like a tsunami. Notwithstanding that Asian financial institutions, compared to
      AFP  -  869 words
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      Lock icon Stanchart bucks the trend, sees growth
      876 43 Bank says focus on core markets of Asia, Middle-East and Africa has paid off despite sub-prime crisis, writes chowpeimim nee AT A TIME when most banks have come under fire for losses in their investments in collateralised debt obligations (CDOs), Standard Chartered has emerged
      lOHN HENG  -  876 words
    • Article, Illustration
      Lock icon Picking the best home loan package
      978 44 Be aware of your financial needs and risk appetite while weighing home loan packages, writes heleim imeo WHILE owning a home is high on the must-have list for Singaporeans, the fact is buying a property usually means signing on for a mortgage. As banks
      FILE PHOTO  -  978 words
    • Article
      Lock icon Banking for int'l Maharajahs
      780 44  -  RAJ SRIRAM By THE explosion of wealth in the Asia-Pacific region has not gone unnoticed by wealth managers. The region today accounts for over a quarter of the world's high net worth individuals (HNWIs). As in many stories on Asia's economic growth, China and, particularly, the
      780 words
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      Lock icon Frontier markets the next big theme
      1016 46 Major economic transformation is taking place in many smaller emerging markets which offer tremendous hidden investment opportunities, writes fan cheuk wan BEING long overlooked by most international investors, frontier markets are now attracting increasing attention despite their small size and limited market liquidity. These
      BLOOMBERG  -  1,016 words
    • Article
      Lock icon The rise of private equity in Asia
      937 46  -  ATIFAABDULMALIK By THE origins of today's private equity business can be traced to a well-connected group of creative financiers in the US during the *****, who developed the model of combining equity financing with management and financial skills into an investable asset class
      937 words
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      Lock icon Contract hires a rising trend
      1076 47 As the banking sector remains cautious, contract hires offer a progressive solution to the challenges of an ever-changing business environment, writes pan zaixian THE year got off to a shaky start with the tenuous state of the US economy, triggered by the credit crisis with
      1,076 words
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      190 33 I! -f^^C^i Book an S-Class today and receive a 1^ y Luxury Upgrade Package. vV B^S^^^^yßJ(B il^k^ 4^Afk If ever there was a car that summed up our knowledge «r 11^^^^ about the automobile, it is the S-Class. For over 50 years, f. '000^^ }j as been the choice of
      190 words
  • Page 33 Miscellaneous
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      29 33 CONTENTS Banking on Singapore's growth prospects page 4 Lessons from the sub-prime debacle page 10 Banking for the Maharajahs page 12 Frontier markets the next big theme page 14
      29 words
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      599 34 JPMorgan Structured z;ji JPMorgan Asia Confidence Notes Returns Linked to the Performance of Asian Investment Markets B|M BntfMNiN Linked with the key indices in Singapore, Malaysia, Taiwan, and Thailand KK3 Attractive Fixed Coupon: 7.5% p.a. fifl Coupons of 1.875% paid quarterly Low Buffered Trigger Level: 50% of the Initial Index
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      67 35 w THE ASIAN BANKER* THE ASIAN BANKER' I RETAIL FINANCIAL SERVICES f f SERVICES [^AWARDS 2008 AWARDS 2008 Best Deposit-Linked Product Excellence in Mobile Phone Banking r ©OCBCBank^W Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank's Insured Deposit Register (available
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      286 36 Screen images are simulated. ©2008 Samsung Bectronics Co. Ltd. ll&fc, '4 S«^^^- if;'i^mbji imagine upgrading Ifc^l your business arsenal J_ W ■■■■:[OutlwfcE-m*H) J| jj?£ I mi«i: mlra!B If there's one tool that'll sharpen your style and business sense, it's The Ultra Messaging II r i7BO with Windows Mobile® 6 Professional.
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      115 37 It starts in the backyard. Where it ends is up to you. We're all born with a passion for sport running, jumping and chasing around is second nature to children. Many take their favourite activity into adulthood. Some even reach the peak of their game. From grassroots players to professional
      115 words
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      53 38 k I If II Phillip Futures 1L Your Trusted Trading Partner llk HM for the Past 25 Years QEiHPrH and More... if m V^^^mmMM mmSm WNHNMM mttmmmUMM WtTZfTTW 250 North Bridge Road #07-01 W%M Raffles City Tower Singapore *****1 iPhillip Futures Tel: (65) 6538 0500 Email: futureS@phillip.COm.Sg Bringing Global Markets
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      109 39 I f fIR H WBBJ^^SU^^^^^^^^B^^^^^l^^^WPM^^Wll^Wl^^SS^^SS^SS??^BHißiilliiHHßi^^^WWWMß^^^^BWßHßil!^M Luxurious Ottoman Rear Refinement ffijll^^^^S! BB Mark Levinson oeat^^^^^^™ With Style |H Premium Reference Surround Sound am \A)^p HLssi^^^S ißnkn vs kt SBSS^bHBb I jounpi vo H* Uf' |M ■■■■■■^■■■■^■■■■■■■■i Dual VVT-i Engine a tmmt^mmmmmm^m%mmmmWmmm%m%mmm .B--B--i-------B--------------l D4-S Direct Fuel Hr Injection ■WSHanßiil PWB-H********** I^P BORNEO
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      88 40 alternative for Independent valuation f A and transparency to I J Low annual fees and fIF^SH m one-time payment fee W fm Short processing time A gy to be quoted For more information, visit www.otccapital.com or email queries@otccapital.com. You can also call us at 6531 5402 6531 1561. OTC CAP
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      380 40 [Secure Ascent 2020 Fund Reward yourself with a fund that thinks ahead for you When you have a fund with great foresight, you don't need the benefit of hindsight. Plan ahead with Secure Ascent 2020 Fund, and enjoy stability and only the highs*. Peak performance Its equity component gives you
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      281 41 Dear private banker, do you feel that internal meetings and management reporting improve your performance? If so, EFG Bank is probably not for you. We know your priority is to serve your clients. That's why we empower you to work with minimal bureaucracy and maximum creativity. No burdensome administration; no
      281 words
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      353 42 K-l Choose wC p 1 between our xl V m^S^ and US^ M Here at Manulife, the leading provider of retirement solutions, we understand that you are reaching a new stage in your life. Your retirement! All that you have worked for has paid off and it is time to
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      60 43 Since 1856, we have focused on bringing new perspectives to our clients. Understanding the past, but shaped by the future. Always looking at opportunities and challenges from a visionary point of view. Considering from the outset our clients' goals. Because our sole ambition is to help maximize their potential. www.credit-suisse.com
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      192 44 poems Dnr\ —^^-r^ HUtrader Phillip Securities Re Ltd has taken the lead to introduce an application based trading platform, POEMS Pro Trader, for the active traders in Singapore! It is A 3 a customizable online trading platform built exclusively to assist active traders vItIPTtQH place faster and smarter trades with
      192 words
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      131 45 ABN AMRO BRIC Infrastructure Index Zero Cert™ AAZPC BRICIFRIIO223 WvN ABN AMRO Global Metal and Mining Index Zero Cert™ AAZPC MININGIOO7OB gfflK9ffl| PffijffiJj^^ffl^^fflffl^^W^K^^ffllH^fll IfflßffiH ABN AMRO Indonesia Index Zero Cert™ AAZPC INDOIOO2IB KflmSllPllPTSPlPiPlW VHiiil PwWWiPPiIPI PP ABN AMRO Middle East Index Zero Cert™ AAZPCMIDEASTIOO2IB H^^Pffl WM fr^MN^ftftHg mmm wS^MW&WM j^
      131 words
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      44 46 Bm BV^bY Vs n» S bY v^B I tkfl bY I I Aar bY SJi f a Tlb^b^bV IbV T i _____A Ik^B BB BB BB BB BB BB BB BB BB BV^^^i 1 J CPA Singapore Roundtable Cutting the 'F Word in Accounting
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      126 47 jgifcfe At ÜBS Wealth Management, we dedicate ourselves to the financial issues that really matter. Yours. We know that today more than ever you want a financial advisor who devotes time to understand your needs and goals. You deserve the benefit of more than 140 years of knowledge, and our
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      159 48 AUDEMARS PIGUET jfe^ Le rnaitre de I'horlogerie depuis 1875 ;J^z^<<^/ At _^_^_^_^_^_^f^^ J™l^^^ I ROYAL OAK COLLECTION s AW^^_\_Wk\maa- <S>V I Bl at~o_ _fe *^**T_. l"" V '"Tpiii" TfihlJ o>4>*+ SJ M«A '^PBi^S V*^ t I -'_f\___W a '7 '> "ir; v' <t_i_i_i_i_^ i IV ..(> W'^F' ■■paw* -^t«^ ■_________\_j^_%-
      159 words