The Business Times, 27 April 2009

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Microfilm: NL29989
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, April 27,2009
    23 words
  • Article, Illustration
    Lock icon Swine flu outbreak
    30 1 Governments worldwide snap into action to monitor the spread of a new virus strain that has killed more than 80 people in Mexico PAGE 3 Photo: AFP
    AFP  -  30 words
  • Article
    Lock icon IDA turns down hotels' appeal to block Skype
    388 1  -  WINSTON CHAI Regulator against any practice limiting consumers' choice By [SINGAPORE] Singapore's telecommunications regulator has rejected requests by four luxury hotels to block the use of popular Internet telephony software Skype. The appeal came from one "six-star" and three "five-star" establishments here,
    388 words
  • Article, Illustration
    Lock icon Analysts expect pullback in May but see bright side
    943 1  -  TEH HOOI LING Profit-taking unlikely to bring market down to March low and presents buying opportunity By [SINGAPORE] Sell in May and go away, so goes the saying on stock markets. Will this play out this year, given that 2009 thus
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      52 1 IT Index 1,852.85 -43.71 1COMP 992.68 +27.51 IIKKEI225 8,707.99 -199.59 IANG SENG 15,258.85 -342.42 ;et index 474.07 +17.27 JAKARTA COM P 1,591.34 -43.45 1ANILACOMP 2,103.63 +9.50 ;eoulcomp 1,354.10 +25.10 ;henzhen b 364.66 -9.78 IUMBAI IND 11,329.05 +305.96 )OW 8,076.29 -55.04 IAS DAI 1,694.29 +21.22 ;&P 500 866.23 -3.37 =TSE
      52 words
    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.563 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 12.25 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.493 (USS/SS per 1.463 2.184 EURO (US$,S$/E) 1.323 Foreign currency per US$ 1.975 S$ 'EN 97.20 65.10 3.588 2.403 IK$ 7.750 5.191 !AHT 35.38 23.70 lUPIAH 10,810 7,241 lENMINBI 6.827 4.573 INDIAN RUPEE 49.80 33.35 1.395 0.934
      42 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 F1 9MPIPI VIEWS FROM *Jo* **^fcv WORLD GOURMET BizlT Button and Brawn p|p§||^ THE TOP s SUMMIT Samsung to focus in Bahrain TgC^ITS J Riding the Chinese r 3 Norwegian seafood on new markets page 18 l^l\ /HH dragon pages 10-11 «K[W^«/' and herbs page 12 page 28
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  • TOP STORIES
    • Article, Illustration
      Lock icon Foreign law firms cut fat, shed weight
      669 2  -  SIOW LI SEN Some opting for shorter work weeks; others trimming staff, offering sabbaticals By [SINGAPORE] Foreign law firms in Singapore are trimming headcount, freezing salaries and asking staff to work fewer hours. But the layoffs here are nothing compared to those at
      669 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Analysts expect pullback in May but see bright side
        75 2 SELL in May and go away, so goes the saying on stock markets. Will this play out this year, given that 2009 thus far has been anything but a typical year? Analysts The Business Times spoke to generally think there will
        75 words
      • Article
        Lock icon IDA turns down hotels' appeal to block Skype
        58 2 SINGAPORE'S telecommunications regulator has rejected requests by four luxury hotels to block the use of popular Internet telephony software Skype. The appeal came from one "six-star" and three "five-star" establishments here, according to Andrew Haire, deputy director-general of telecoms and post at
        58 words
      • Article
        Lock icon Foreign law firms cut fat, shed weight
        45 2 FOREIGN law firms in Singapore are trimming headcount, freezing salaries and asking staff to work shorter hours. But the layoffs here are nothing compared to those at their headquarters in the US and UK. TOP STORIES, PAGE 2
        45 words
      • Article
        Lock icon S'pore airports step up checks for swine flu
        47 2 ALL air travellers arriving at Singapore's Changi Airport from today will be screened for signs of human swine flu, said to have killed up to 81 people in Mexico, and spread to the United States. TOP STORIES, PAGE 3
        47 words
      • Article
        Lock icon Q1 profit warnings mostly from S-chips, electronics
        55 2 WHILE the first quarter of this year was bruising for most businesses, it has drawn blood from S-chips and the electronics industry. Of the 21 firms that have issued profit warnings, the bulk are either S-chips or firms with interests in the electronics
        55 words
      • Article
        Lock icon Global financial chiefs agree to reshape IMF
        39 2 GLOBAL financial chiefs agreed on Saturday to reshape the International Monetary Fund, moving to broaden its mission and accelerate plans to give China, Brazil and India more say. ECONOMY WATCH, PAGE 13
        39 words
      • Article
        Lock icon Malaysia to unveil financial deregulation measures today
        34 2 MALAYSIA will today unveil measures to boost the financial services sector as part of an economic package aimed at luring in more foreign capital. MALAYSIA, PAGE 14
        34 words
      • Article
        Lock icon Wall Street pay rebounding to pre-crisis level
        43 2 WORKERS at the largest US financial institutions are on track to earn as much money this year as they did before the financial crisis began due to the strong start for bank profits. ASIA-PACIFIC/WORLD, PAGE 17
        43 words
      • Article
        Lock icon Lakshmi Mittal 61% poorer, but tops UK rich list
        67 2 THE fortunes of the 1,000 wealthiest people in the UK plunged 37 per cent in the last year, according to the annual London Sunday Times Rich list. Lakshmi Mittal, 58, chief executive of steel maker ArcelorMittal, headed the list for the
        67 words
    • Article, Illustration
      Lock icon Corporate America's Q1 results unlikely to deliver rally-killing blow
      998 2  -  ANDREW MARKS WALL STREET INSIGHT By in New York A WEEK ago, Wall Street was preparing to take a large dose of harsh medicine that would douse the six-week-long stock market rally that has given new life and hope to beaten-down
      AFP  -  998 words
    • Article
      Lock icon Layoffs remain companies' cut of last resort
      1035 3  -  TEH SHI NING Wage cuts in varied forms have been the main response so far By [SINGAPORE] Even though or perhaps because the present recession will hit harder and last longer than the previous downturn in 2003, the emerging consensus among employers here
      1,035 words
    • Article, Illustration
      Lock icon Countries worldwide batten hatches against swine flu
      583 3 Reuters, AFP Latest flu strain has killed 81 in Mexico, infected around a dozen in the US [MEXICO CITY] Governments around the world yesterday rushed to check the spread of a new type of swine flu that has killed up to 81 people
      – Reuters, AFP; Reuters graphics, AFP photo  -  583 words
    • Article
      Lock icon S'pore airport steps up checks for swine flu
      181 3 [SINGAPORE] All air travellers arriving at Singapore's Changi Airport from today will be screened for signs of human swine flu, said to have killed up to 81 people in Mexico, and spread to the United States. Since 11pm last night, passengers arriving
      181 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      203 2 ROLEX PATEK PHILIPPE PIAGET AP VACHERON IWC JAEGER OR OTHER BRANDED WATCHES 401-45 A Peninsula Plaza 6334 0155 tffit&Ail) #02-90K People's Park Complex 6327 4628 (J^Stifr) #01-45 The Bencoolen 6333 1921 ([Zg^SgSJC^SJSP^^P; #01-51 Orchard Plaza 6735 9539 (^ftilkixW #01-46 Peninsula Plaza 6334 8919 (ffltl^Jl) #01 -44 People's Park Centre 6533
      203 words
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      Lock icon Page 2 Advertisements Column 2
      1 2 SifißSfi
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      98 3 To buy or not to buy? Get the latest copy of Pulses today to read more about the property market in Singapore. Are things looking up or are they going south? Get recession-proof tips to avoid nasty legal tangles when transacting in property. Also, find out in ImPusleswhy Mercedes-Benz's new
      98 words
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      21 3 JliSi 1 euiiUl. Deigned IwM l^H 1 |jr "i-ti IMOKIA /^■■■m^\ Eserles w a ri Nokia E75 1 o r\i 0
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Optimists vs pessimists: the latest views
      698 4  -  R SIVANITHY STOCKS STOCK prices at any given point in time reflect a tussle between optimists and pessimists. Although we believe that when it comes to stocks, everyone is privately really a pessimist but are happy to go along with optimists if it spells
      698 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1807 4 Legends US$; Rmb; HK$; As; Pound; Rupiah; Yen; (SS) Euro; Baht; RM; (See) Peso; Rs; NTS; (ad) Capital; (ag) Dividend/Distribition; (ah) Final; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (am) First and Final Tax Exempt; (an) First and Final Tax Exempt
      1,807 words
    • Article
      Lock icon Asian units mixed against greenback
      379 4 CURRENCIES [HONG KONG] Asian currencies were mixed against the US dollar last week as disappointing news from the United States was balanced by local conditions. Japanese yen: The yen rose to its highest level against the dollar in more than three weeks as the US
      379 words
    • Article
      Lock icon BROKERS' RECOMMENDATIONS
      1527 4 Source: Reuters Company name Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Mlgreen Properties Ltd 2.75 2.92 12 5.42 9.96 0.60 0.53 ,RA Asset Mi jt Ltd 2.00 2.00 2 6.25 6.96 0.64 0.43 .rmstroni Ind
      1,527 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      61 4 Apr 24 VALUE CLOSE IT OB/OS 560.00-172.0C IT CADI -*****.00 +38.0i IT 10-day MA -*****.00+56.01 TSE ST Mid Cap 384.85 -0.1 TSE ST Small Cap 315.51 +2.3 TSE ST All Share 444.84 -1.2 TSE ST China Top 178.72 +1.0 TSE ST China 174.53 +0.7. IOB Catalist 77.42
      61 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 4 VOLUME Chart SemiCond 972,285,000 Golden Aqri 528,735,000 China Honqxinq 281,258,000 IndoAqri 221,521,000 SingTel 162,036,000 Gent Intl 156,735,000 Capita Land 156,556,000 Cosco Corp 140,727,000 Sunmoon 128,894,000 Sino-Env 122,675,000 VALUE(S) DBS Grp 492,823,171 CapitaLand 423,000,216 SingTel 403,475,714 UOB 310,966,349 Wilmar 299,361,142 OCBC Bk 279,148,550 Keppel Corp 271,941,790 IndoAgri 198,959,185
      56 words
    • Article
      Lock icon RISES
      103 4 BY CENTS CLOSE UP 8962 579.0 4.5 GLD 10US JMH 2090 140.3 4.7 OCBC Bk5.1%NCPS 100 9350 70.0 0.8 STXPO 100 1400 54.0 4.0 UOB 5.05%NCPS 100 9370 50.0 0.5 Tri-M 100 45.0 81.8 •ain 486 37.3 5.4 Wilmar 366 27.0 8.0 SPC 346 26.0 8.1 DBXT S&P Short
      103 words
    • Article
      Lock icon FALLS
      114 4 BY CENTS CLOSE DOWN 1306-128.0 -8.9 JardineC&C DBXT FTChina25 10US$ 2226 -92.5 -2.7 OCBCCai 5.1%NCPS 100 8850 -70.0 -0.8 Great Eastern 862 -38.0 -4.2 OCBC Bk.ES.0904 546 -37.0 -6.3 OCBC Bk 543 -35.0 -6.1 ES.0904 583 -34.0 -5.5 583 -32.0 -5.2 Cai litaland 500 265 -30.0 -10.2 OCBCCai :.93%Pref10
      114 words
    • Article
      Lock icon CURRENCIES
      80 4 Vhere S$ stands Apr 24 %CHNG CLOSE FRApr23 YR2009 S$ LOW S$ HIGH ISS 1.4910 0.81 1.5579 1.4308 iuro 1.9738 -0.52 2.0732 1.9150 'ounds 2.1803 0.43 2.2712 2.0356 1.0677 -0.23 1.1100 0.9453 ren* 1.5366 -0.39 1.7278 1.4831 lupiah* 0.***** -0.07 0.***** 0.***** !aht* 4.2154 0.39 4.3390 4.1040 •eso* 3.0755
      80 words
    • Article, Illustration
      Lock icon One-year top losers' portfolio falls the most
      1351 6  -  TEH HOOI LING INVESTORS took some profits off the table given the recent good run, with some beginning to question if prices have run ahead of fundamentals. All our portfolios declined, with last week's top performing portfolio the one-year top losers' portfolio falling
      1,351 words
    • Article, Illustration
      Lock icon Low trading by directors continues another week
      1239 6  -  ROBERT HALILI INSIDE MARKETS By TRADING by directors was low for the second straight week with 10 companies that recorded 17 purchases worth $1.3 million and one firm with two disposals worth $810,000. The figures were consistent with the previous week's 10 companies,
      1,239 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Q1 profit warnings mostly from S-chips, electronics
      545 5  -  JOYCE HOOI Among the 21 firms affected, 15 expect losses, other six to post lower profits By WHILE the first quarter of this year was bruising for most businesses, it has drawn blood from S-chips and the electronics industry. Of the 21 companies
      FILE PHOTO  -  545 words
    • Article
      Lock icon Profit warnings: too little, too late
      498 5  -  JOYCE HOOI HAT is it good f for? Absolutely I nothin'!" When Edwin Starr sang this line in 1970, he was referring to the Vietnam War. But these days, investors and analysts are saying the same of profit warnings. The wave of profit warnings
      498 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sino-Environment asks for trading halt
        81 5 SINO-ENVIRONMENT Technology Group has asked for a trading halt on its shares pending an announcement. Control ofthe company is in doubt after an investment vehicle of executive chairman and chief executive Sun Jiangrong that owned a majority stake in the firm defaulted on financial obligations
        81 words
      • Article
        Lock icon ASL Marine unit makes refund on unwound contract
        85 5 ASL Marine's subsidiary, ASL Shipyard, has refunded US$lB.B million to a customer that unwound a contract to build a tanker. ASL Marine said that it is confident that the ship, which is sail-ready, would be a positive addition to its chartering fleet
        85 words
      • Article
        Lock icon Freight Links unit sued over warehouse construction
        65 5 FREIGHT Links Express Holdings' subsidiary, Freight Links E-Logistics Technopark (FLET), is being sued for $5.2 million over an alleged breach of contract relating to the construction of a warehouse in Tuas by Wuhan Construction, previously the project's main contractor. FLET is defending the
        65 words
      • Article
        Lock icon Chemical Industries proposes dividend payment in shares
        63 5 CHEMICAL Industries (Far East) is proposing a scrip dividend scheme to pay shareholders dividends in shares instead of cash, if shareholders opt in. The proposal is subject to the approval of its shareholders and the stock exchange. If successful, the scheme will enlarge
        63 words
    • Article
      Lock icon Micro-Mechanics posts Q3 loss of $1.4m
      541 5  -  CONRAD TAN I By MICRO-Mechanics Holdings reported its first-ever quarterly net loss of $1.41 million for the first three months of the year as sales slumped amid the global economic downturn. The firm, which makes precision tools and parts for the global semiconductor industry,
      541 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      678 5 JL^I V»>/ JL I V_y 1 Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg II II ■inpiimiiniF II IN THE HIGH COURT OF THE REPUBLIC IN THE MATTER OF IN THE MATTER OF of Singapore the companies act, cap. 50 in the matter of the ™EASCSI2 PTELro ~"~££i-« jSwes, -SsSSbSS6S 000 000
      678 words
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      Lock icon Page 5 Advertisements Column 2
      34 5 lov'iti i,-i i A M IMOKIA M Eseries Ilk Siii' i i~ I v Nokia E75 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      34 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S'pore Mercantile Exchange on track for debut this year: CEO
      528 7  -  SIOW LI SEN By THE Singapore Mercantile Exchange (SMX) is on track to debut this year and the global financial crisis will give it a boost, says newly appointed chief executive Thomas J McMahon. New exchanges and launches of new
      528 words
    • Article
      Lock icon PRIME LENDING RATES
      397 7 Apr 2A BANKS ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5
      397 words
    • Article
      Lock icon COMPANY MEETINGS
      322 7 COMPANY MEETING PLACE DATE TIME Samko Timber A Parkroyal on Beach Road, Singapore, Marina Victoria Room, Level 4, 7500A Beach Road, Singapore *****1 25-Apr 10.00am Hotel Royal A E Hotel Royal Queens, Royal Ballroom (Level 3), 12 Queen Street, 2.30pm Singapore *****3 25-Apr 3.15pm Armarda Grp A 19/F.,
      322 words
    • Article
      Lock icon Kian Ho director's fate hangs in the balance
      653 7  -  UMA SHANKARI AGM WATCH Saga over attempt to oust independent director involves governance issues By A BOARD spat at Kian Ho Bearings has cast a spotlight on the little-known company, which distributes and retails bearings and seals. The saga centres around a
      653 words
    • Article
      Lock icon Kian Ho independent director disputes facts
      255 7 IN the latest development in the Kian Ho Bearings saga, independent director Tan Lye Huat has said in a letter to the media that he did not agree to resign and then make an about-turn. Mr Tan's letter contradicts Kian Ho managing director Gilbert
      255 words
  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      613 7 JL^I V^>/ JL JLV^JLjIJ Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg II I IN THE MATTER OF I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THECOMPANIESACT.CHAPTERSO (CoSpInY NO^lbilmSslSi) CHARTERED BUS CORPORATION (ln Member's Voluntary Liquidation) MEMBERS-VOLUNTARY ?s°oT n B yea d C Uh^^^^^^ LIQUIDATION Haza Singapore *****1 on Friday,
      613 words
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      Lock icon Page 7 Advertisements Column 2
      127 7 .■irri [would nun W ■U I 1 1 -m 1 1 1 a v E r r _v i!^J 2 1 I x _c -i 71 Hi i-i Nokia E75 I Emailed with ease I from my Nokia Eseries. Receive corporate email with Mail for Exchange Easy 3-step personal email
      127 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Temasek is role model for Bahrain SWF
      385 8  -  VIKRAM KHANNA Mumtalakat plans to increase its investments outside the Middle East, says its CEO By BAHRAIN'S sovereign wealth fund is modelling itself on Singapore's investment company Temasek Holdings and plans to increase its investments outside the Middle East, according to its CEO
      385 words
    • Article, Illustration
      Lock icon Walden closes capital raising for tech fund
      429 8  -  OH BOON PING By CAPITAL calls for a new $20 million venture capital fund for the technology sector have closed, and the fund manager has unveiled its first investment here. In a statement, venture capital firm Walden International said it has closed capital
      429 words
    • Article
      Lock icon BG Group expects to finalise LNG contracts
      447 8  -  RONNIE LIM By BG GROUP, the sole buyer for Singapore's liquefied natural gas (LNG) supplies, expects to tie up sales contracts for an initial 0.8-1 million tonnes per annum (tpa) with users such as the local generating companies before a "final investment decision"
      447 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Council to promote social integration
        59 8 VIVIAN Balakrishnan, Minister for Community Development, Youth and Sports, will chair a National Integration Council comprising leaders from the community, private sector and government to promote social integration among residents here. Its 20 members include Nanyang Technological University president Su Guaning, Standard Chartered Bank senior
        59 words
      • Article
        Lock icon Maternity leave interim claim gets nod
        75 8 FROM May 1, companies will be able to claim payment for part of the government-paid portion of maternity leave after an employee has taken eight weeks of the leave, instead of having to wait until all 16 weeks are consumed. The change also applies
        75 words
      • Article
        Lock icon HDB launches good neighbours guide
        64 8 THE government is urging the majority of residents here who live in public housing to get to know their neighbours better, to improve the quality of life in high-density HDB estates. The Housing and Development Board yesterday launched a guidebook on how to maintain good
        64 words
  • Page 8 Advertisements
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      133 8 Turn Of The Century... tjiiu C Truly a Unique Designer's Ceiling Fans T W Sunfl wer (Agent/Export wanted!) Alpha, SunFlower Latest Newly Arrived! *Aerodynamically Inspired Exclusively Smartly-crafted catwi Available at all leading Authorised Dealers r/ Jr #1 in•ShTlrfi&l WM/ I\\\\\[ i I ■dB R SIT /y&'—A 'vwlflSnlv^ ErlrS i'JH| Ml
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Exploring your ideal oil investment
      1166 9 JASON LOW says the two easiest, accessible ways are through investing in crude oil exchange traded funds (ETFs) and oil-related firms THERE is a renewed if cautious sense of confidence in the air at the moment. This after markets worldwide rebounded from this year's new
      STOCK.XCHNG  -  1,166 words
    • Article, Illustration
      Lock icon Learning to do just as the Swedes do
      856 9 CAMPUS LIFE Going on a one-year exchange programme was one of the biggest decisions in her life, says LEX SZE MIN MAKING the long journey to Sweden for a one-year exchange programme has been one of the biggest decisions I have made
      856 words
    • Article
      Lock icon Be smart with your finances
      204 9 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 9 Advertisements
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      46 9 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Riding the Chinese dragon
      3691 10 THIS WEEK'S TOPIC Is China's economy set to recover, or will the slowdown in China continue? What are the implications for businesses in Singapore? Charles M Ormiston Director Bain Company I AM always reluctant to set strategic direction based on attempts to "predict the economy" while
      REUTERS  -  3,691 words
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  • Page 11 Advertisements
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      154 11 All the prestige without the premium price tag. The S-Class is now available at only $5,564 per month with zero cash outlay. Experience the luxury and prestige of the S-Class for just $5,564 per month with f—m the S-Class PrestigePlan. There's no down payment, no depreciation, no service and m
      154 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Creative use of Chinese herbs
      552 12  -  Cheah Ui-Hoon WORLD GOURMET SUMMIT SPECIAL MENU Norwegian Seafood Dinner with Eu Van Sang herbs, April 29 Man Fu Yuan Intercontinental Hotel, 80 Middle Road Tel: 6270-1254 (WGS hotline) THIS is a one-night only dinner on April 29, specially created by the hotel's culinary team,
      552 words
    • Article, Illustration
      Lock icon Royal feast given a light touch
      637 12  -  Cheah Ui-Hoon SPECIAL MENU The Royal Cuisines of the Palaces of India, April 28, 30 The Song of India 33 Scotts Road. Tel: 6836-0055 SINCE opening in 2006, The Song of India has been a strong proponent of contemporary Indian cuisine. For a change
      637 words
    • Article, Illustration
      Lock icon A serving of childhood memories
      242 12  -  Audrey Phoon SPECIAL MENU My Memories of Austrian Food, April 29 Les Amis 1 Scotts Road #02-16 Shaw Centre Tel 6733-2225 ON Wednesday, Les Amis' resident chef Armin Leitgeb will be serving up a sprinkling of his childhood instead of the usual French fare. As
      242 words
    • Article, Illustration
      Lock icon Taste of old school French fare
      274 12  -  Audrey Phoon PROMOTION Le Cordon Bleu chefs April 27 to May 1 Pontini Level 2, Grand Copthorne Waterfront Hotel 392 Havelock Road Tel: 6233-1133 IF you can't spare the dough or the time to head to one of the world's most prestigious culinary schools
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      197 12 LUA U X V MiHMMM^^^^^B I /^Ht <> ■Mm Relish Wholesome Bliss jV^J \i fc* i s LsWIfJiRTITI with our Asian Delights \lfc llilh mrS^Sfmi wfStk Cm Enjoya wholesome meal of savoury Asian soup E4 paired with a selection of rice, Asian salads and a >Sm' '^^S^bPJ B^^U^Jb^^^^^ scrumptious main
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Global financial chiefs agree to reshape IMF
      589 13 AP They plan to give developing giants like China, Brazil and India more say too [WASHINGTON] Global financial chiefs agreed on Saturday to reshape the International Monetary Fund, moving to broaden its mission and accelerate plans to give developing giants including China, Brazil
      AP; AFP  -  589 words
    • Article
      Lock icon Europeans query IMF estimate of write-downs
      316 13 Bloomberg [WASHINGTON] European officials have questioned an International Monetary Fund (IMF) estimate that toxic assets will force their banks to write down US$75O billion through next year and that global losses may total US$4.l trillion. "With regard to Europe, because of the methodology, in
      – Bloomberg  -  316 words
    • Article
      Lock icon Japanese life insurers go on the defensive with yen bonds
      364 13 Reuters [TOKYO] Japan's biggest life insurers, with US$l.5 trillion in assets, remain strictly defensive as they plan their investment for this financial year, preferring yen bonds over domestic stocks and foreign assets. Many of the top nine Japanese insurers told
      Reuters  -  364 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      162 13 At a time when good news is rare, we are delighted to share something positive. Once again, we f* are delivering good yields to you, our policyholders. By managing your investments in a safe and prudent way, you can be assured that in good times or bad, NTUC Income is
      162 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Threat to bumiputras was never from, within
      567 14  -  S JAYASANKARAN MALAYSIA INSIGHT Govt's moye to liberalise is long overdue as trade and investment have all but collapsed THE government's move to liberalise 27 service sub-sectors by doing away with the 30 per cent bumiputra equity requirement in those sectors is significant
      567 words
    • Article, Illustration
      Lock icon Government to unveil financial deregulation measures today
      465 14 Reuters Limit on foreign ownership in local banks may be raised [KUALA LUMPUR] Malaysia will today unveil measures to boost the financial services sector as part of an economic liberalisation package aimed at luring in more foreign capital. Prime Minister Najib Razak, who
      Reuters; AP  -  465 words
    • Article
      Lock icon Controversial power cable gets approval
      263 14 AFP [KUALA LUMPUR] Malaysia has approved plans for a power cable linking the controversial Bakun hydroelectricity project in Sarawak state on Borneo island to the mainland, according to a report yesterday. Energy Minister Peter Chin Fah Kui told The Star daily the cabinet had approved
      AFP  -  263 words
    • Article
      Lock icon BURSA MALAYSIA
      2082 14 Ipr24 RM Cooo] M Realty unch \bric Bhd unch advance Synergy 0.12 Viventa Bhd 0.88 Multi Hldgs unch Win Holdings 1.80 \hmad Zaki Resou ....0.67 Me Corp 0.42 Mrasia Bhd 1.25 \kn Technology 0.16 aluminium Co 0.88 Amalgamated Ind ....0.40 VndbBhd 0.16 tomb Hldgs Bhd ....3.02 Vntel Holdings
      2,082 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Latest stimulus tranche less than expected
      392 15 Reuters Chinese govt will pump 70b yuan into economy, scale back on stronger sectors [BEIJING] China's central government will spend 70 billion yuan (5515.27 billion) in the third tranche of its stimulus package, falling short of market expectations, a Chinese newspaper reported. Investment in
      Reuters  -  392 words
    • Article
      Lock icon ICICI's Q4 profits fall 35.3% on slowing loan growth
      314 15 Reuters [MUMBAI] India's ICICI Bank posted a 35.3 per cent fall in quarterly profit on Saturday hurt by slowing loan growth, and said it expects moderate loan growth this year. ICICI's net profit fell to 7.44 billion rupees (***** million) in
      Reuters  -  314 words
    • Article
      Lock icon China to stick to 'loose' monetary policy: Zhou
      271 15 Bloomberg [WASHINGTON] People's Bank of China governor ZhouXiaochuan said China would continue a "moderately loose" monetary policy in order to boost economic growth. Mr Zhou, speaking here, also said China's economy has the ability to "continue to grow relatively fast". Mr Zhou,
      Bloomberg  -  271 words
    • Article, Illustration
      Lock icon China's Construction Bank's Q1 profits fall 18.3% to 26.3b yuan
      469 15 Reuters [HONG KONG] China Construction Bank, the world's second-biggest lender by value, last Friday posted an 18.3 per cent fall in first quarter earnings, hit in part by provisions set aside earlier in the year. The government-control-led bank said first-quarter
      ■ Reuters; BLOOMBERG  -  469 words
    • Article, Illustration
      Lock icon Taiwan and China in landmark deals
      657 15 Reuters [NANJING] Taiwan and China signed a series of landmark agreements yesterday laying the groundwork for a flood of investment in financial services to flow across the Taiwan Strait for the first time in six decades. The agreements are the latest sign of warming
      Reuters; XINHUA  -  657 words
    • Article, Illustration
      Lock icon Beijing may bolster gold reserves further: analysts
      650 15 Reuters It may purchase more on worries of cash pile erosion [SINGAPORE] The big surprise in China's revelation last Friday that it has secretly added over 450 tonnes of gold to its foreign reserves over the past six years may be the fact
      Reuters  -  650 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Ministers welcome Japan energy plan
      703 16  -  ANTHONY ROWLEY Tokyo to organise Asian experts' meetings to project demand, supply By in Tokyo ENERGY ministers from a dozen leading Asian countries meeting in Tokyo yesterday endorsed a plan announced by Japan to help rationalise energy demand and supply across a region where demand
      703 words
    • Article, Illustration
      Lock icon SMFG in lead to buy Citigroup Japan assets
      624 16 Reuters [TOKYO] Sumitomo Mitsui Financial Group (SMFG) has emerged as the likely buyer of Citigroup's retail brokerage and investment banking operations in Japan after outbidding rivals with an offer of about US$5.2 billion, two people with knowledge of the deal said. Citigroup
      Reuters; AFP  -  624 words
    • Article, Illustration
      Lock icon Interest grows in big New York Times Co stake: WSJ
      517 16 Reuters [NEW YORK] Several potential bidders are interested in buying Harbinger Capital Partners's 20 per cent stake in The New York Times Co, The Wall Street Journal reported on Saturday. Several suitors have approached Harbinger about buying the stake, one
      Reuters; Mil . ~ -- --; I AP  -  517 words
    • Article
      Lock icon Shinsei, Aozora banks in merger talks: sources
      573 16 Reuters If successful, deal would create Japan's 6th largest bank [TOKYO] Shinsei Bank and Aozora Bank are in talks to merge, people familiar with the matter said last Saturday. The deal would bring together two unprofitable lenders and create Japan's sixth largest bank.
      Reuters  -  573 words
    • Article
      Lock icon Asean meeting may be in June
      262 16 ■AP [BANGKOK] Thai Prime Minister Abhisit Vejjajiva said yesterday that he hopes that a regional summit meeting will be rescheduled for June after it was cancelled earlier this month when anti-government protests stormed the venue. Mr Abhisit, speaking in his weekly radio and television
      ■AP  -  262 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Lakshmi Mittal 61 % poorer, but tops UK rich list
      555 17 Lakshmi Mittal 61 poorer, but tops UK rich list Bloomberg Combined fortunes of wealthiest 1,000 people tumble 37% [LONDON] The fortunes of the 1,000 wealthiest people in the UK plunged 37 per cent in the last year, driven by the worst financial crisis since the Great Depression, according to the
      Bloomberg  -  555 words
    • Article, Illustration
      Lock icon The Golden Girls star Bea Arthur dies
      352 17 ■NYT.AP [LOS ANGELES] Bea Arthur, who used her husky voice, commanding stature and flair for the comic jab to create two of the most endearing battle-axes in television history, Maude Findlay in the groundbreaking situation comedy Maude and Dorothy Zbornak in The Golden
      ■NYT.AP  -  352 words
    • Article
      Lock icon Kirn's son named to defence panel, says report
      256 17 ■AP [SEOUL] The third son of North Korean leader Kirn Jong II has been assigned to the all-powerful National Defence Commission, a possible sign that he is being groomed as his father's successor, a news report said yesterday. Mr Kirn, who has
      ■AP  -  256 words
    • Article
      Lock icon Wall Street pay rebounding to pre-crisis level
      824 17 NYT Six of the biggest banks have set aside more than USs36b in Q1 for salaries [NEW YORK] The rest of the US may be getting back to basics, but on Wall Street, pay cheques still come with a golden promise. Workers at
      NYT  -  824 words
    • Article
      Lock icon Thais pine for political fix as unrest hurts economy
      573 17 Reuters [AYUTTHAYA, Thailand] A deepening political crisis has exacerbated Thailand's economic strife, leaving ailing businesses and anxious workers more concerned about a swift resolution than which faction emerges on top. In the industrial province of Ayutthaya, 76 kilometres north of Bangkok,
      Reuters  -  573 words
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      77 17 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experience ofsomeofthemost influential thinkers, corporate chiefs fa and social activists of the age [Mb* l/m i| it Hfc^. w<^ BP^ Info x^B ml A Br //M I- Paw^Cs n K%N T ">« \\W "'<> '■'■> 'k\ v<%- o
      77 words
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  • FORMULA ONE
    • Article, Illustration
      Lock icon Brawn's Button stretches his lead with Bahrain win
      898 18 Reuters, AFP Red Bull's Vettel comes second while Toyota's Trulli settles for third despite starting at pole position [MANAMA] Britain's Jenson Button won the Bahrain Grand Prix yesterday for the Formula One championship leader's third victory in four races with newcomers Brawn
      Reuters, AFP; AFP  -  898 words
    • Article
      Lock icon Financial crisis hits Spanish GP ticket sales
      220 18 -AFP [SAKHIR, Bahrain] Ticket sales for the Spanish Grand Prix have suffered because of the global financial crisis, with sales down by 15,000 compared to 2008, the Barcelona circuit chief said on Saturday. Around 60,000 tickets have been snapped up for the May
      -AFP  -  220 words
    • Article
      Lock icon Niki Lauda buys his ticket to pilot Virgin spaceship
      350 18 Reuters [MANAMA] Triple Formula One world champion Niki Lauda has paid US$2OO,OOO for the chance to fly a Virgin Galactic spaceship, British entrepreneur Richard Branson said on Saturday. Mr Branson, whose Virgin Group sponsors the Brawn GP team, held a news
      Reuters  -  350 words
    • Article, Illustration
      Lock icon Not all are happy about the energy shot
      893 18 -NYT Formula One teams are debating KERS' costs, dangers and even its utility [NEW YORK] Mechanics and track marshals in rubber gloves, technicians wearing gas masks, high-volt-age warnings on cars, smoke spewing from cockpits: these are the bizarre new images of Formula
      -NYT; REUTERS FILE PHOTO  -  893 words
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  • WORLD
    • Article, Illustration
      Lock icon Iceland changes course, voting in Social Democrat-led coalition
      673 19 Bloomberg 'Our society has been dominated by greed and individualism. There's a demand for a change of values.' Prime Minister Johanna Sigurdardottir Voters opt for more welfare, bigger govt and reject previous free-market slant [COPENHAGEN] Icelanders elected a coalition of Social Democrats
      – Bloomberg; AFP  -  673 words
    • Article
      Lock icon Swiss ask US to drop UBS tax evasion case
      493 19 Reuters Criminal procedures in US seen as obstacle to double taxation accord with Switzerland [WASHINGTON] Switzerland, under pressure to join a global crackdown on tax fraud, asked the United States on Saturday to drop a legal case involving ÜBS bank in
      Reuters  -  493 words
    • Article, Illustration
      Lock icon 'Manna from Kevin' spurs spending in Australia
      530 19 AFP [SYDNEY] Cash registers are ringing across Australia as more than seven million economically-stimulat-ed consumers raise their wallets in thanks for "manna from Kevin". A total of A 57.7 billion (SsB.3 billion) in cash bonuses from Prime Minister Kevin Rudd's centre-left government is
      AFP  -  530 words
    • Article
      Lock icon Kazakhstan bank stops repaying foreign debt
      409 19 AP [MOSCOW] The largest bank in the Central Asian nation of Kazakhstan, whose economy soared when oil prices were high, announced on Friday that it could no longer repay US$ll billion in foreign debt. The bank, BTA, said it would pay only interest to
      AP  -  409 words
    • Article
      Lock icon Zuma's election promises not easy to deliver
      548 19 AFP NEWS ANALYSIS Joblessness, falling commodity prices big hurdles: analysts [JOHANNESBURG] Jacob Zuma led his African National Congress to election victory with sweeping promises to help the nation's poor, but will enter office with little room to manoeuvre due to a faltering economy.
      AFP  -  548 words
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  • 100 DAYS OF PRESIDENCY
    • Article, Illustration
      Lock icon Plenty of brave decisions, but no miracles
      1297 20 -AP Change arrives at a dizzy rate under Obama but biggest challenges lie ahead [WASHINGTON] Barack Obama opened his presidency by drawing an unflinching portrait of the challenges. Then he set about turning those perils into possibilities. In a dizzying dash to the
      -AP; AFP; Reuters graphics; Gallup, The American Presidency Project, Robert McMahan Photography, news reports  -  1,297 words
    • Article
      Lock icon Reluctant president gives in to hoopla
      584 20 -NYT White House's engagement makes political sense [WASHINGTON] When it comes to the whole 100 Days hoopla, US President Barack Obama and his team were against it before they were for it. To hear the White House tell it, Mr Obama never much cared
      -NYT  -  584 words
    • Article
      Lock icon Compliments to 'the most Asian-American president'
      537 20 -AFP Record 3 Asian-Americans in Cabinet, early focus on region's ties applauded [WASHINGTON] Barack Obama made history as the first African-American president but in his first 100 days he has also shown himself to be America's most Asian leader yet, community members say. Mr
      -AFP  -  537 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Sea Asia 2009 'an outstanding success': SMF chairman
      393 21  -  VINCENT WEE Poll shows around 90% of exhibitors will return for the show in 2011 By SEA Asia 2009 ended on a high note last week with over 10,000 visitors recorded, surpassing organisers' expectations. Singapore Maritime Foundation (SMF) chairman SS Teo said:
      YtN MtNG JHIM  -  393 words
    • Article
      Lock icon Ship launch may be last at Poland's Gdynia yard
      188 21 Reuters [GDYNIA, Poland] Poland's Gdynia shipyard, facing likely dismemberment under strict EU rules against state aid, launched what may be its last two vessels on Saturday as a sombre crowd looked on. About 1,000 workers and family members gathered to watch
      Reuters  -  188 words
    • Article
      Lock icon Pirates on the prowl in South China Sea
      383 21  -  VINCENT WEE By THE niggling problem of petty theft piracy continues in the South China Sea shipping lanes with an attack on a Malta-registered bulker last Thursday. The Sider Lion was underway from Durban, South Africa to Nanjing, China when it was
      383 words
    • Article
      Lock icon FAA releases data on birds hitting aircraft
      277 21 [NEW YORK] Birds hit airplanes about 20 times a day across the United States, figures released by the Federal Aviation Administration (FAA) show. Denver International Airport had the most reported bird strikes this decade 2,090- according to the database. Nationwide, the most common
      277 words
    • Article
      Lock icon TRANSPORT STOCKS
      280 21 SGX Apr 24 '000 Vol ii CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises
      280 words
    • Article
      Lock icon Baltic Dry Index has first drop in 10 days
      397 21 [LONDON] The Baltic Dry Index, a measure of world trade, posted its first decline in 10 days on falling demand for vessels to ship iron ore for making steel. The index of commodi-ty-shipping costs fell 24 points, or 1.3 per cent,
      397 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2634 21 AIRLINE CODES: AA: Amencao Airlines (AAL), AF: An Fiance (AFR), Al: An India (AIC), AY: Finnan Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,634 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      208 21 CRYPTIC CROSSWORD 28 One supposedly intelligent working on DPhil (7) DOWN 1 Scheme woman has to snare 13 Authentic playing —is it choman (6) ral? (10) YESTERDAY'S SOLUTION 2 Immigrants stay in one leisure 1 b '"eY ms V be tound on the rpnfrplf,) beach solving crime case Across: 7
      208 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8911 22 Week ended: Apr 24 Hi. »-wks Tel Low Code Com| Sale C000) Hii Low Bu; rer Seller C'vr P/E $mil )anj 8.5 3 3148 STelecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 17 5.5 1938 AEI Corp 9.5 1 1100 AEM 23 7 2101 APOil 80.5
      8,911 words
    • Article
      Lock icon SGX CATALIST
      1827 23 52-wks Tel High Low Code Company Last Sale tiVol Week Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E M Cap $mil ll) 5 1181 s AAGrp 32 13 8538 t APStrategic 2 1.5 t APStrategic R 4 0.5 1501 s Advanced System 14
      1,827 words
    • Article
      Lock icon SGX ETF
      347 23 Hii Low Code Comi Sale C000) Hii Bin Seller C'vr P/E Smil 108 100 6389 ABF SG Bond ETF 982 427 CIMBAsean40 1OOUS$ 195 149 DBS STI ETF 100 2288 1682 DBXT FTChina25 1OUS$ 3232 3228 DBXT FTVietnam 1OUS$ 1104 850 DBXT MSTaiwan 1OUS$ 6970 5220 DBXT Nifty
      347 words
    • Article
      Lock icon CLOB INTERNATIONAL
      248 23 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
      248 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 23 tod name lose lange i Land 2.590 -0.060 iMall 1.160 -0.060 :it; 5.830 1.330 -0.020 ■osco Cor| 1.070 +0.010 iBS Gri 9.040 +0.010 :SN 2.560 -0.040 ient Intl 0.635 +0.005 iolden At iri 0.380 KLand 2.510 +0.080 I... I name lose lange JMH 20.900 +0.860 JSH
      118 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      106 23 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 7 8 3 0 0 0 7 8 3 Manufacturing 65 102 50 19 14 74 121 64 Commerce 16 45 13 23 53 18 >r/Cc ms 10 27 12 28 Finance 10
      106 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 23 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 118,415 118,415 402,318 402,318 Manufacturing 2,690,725 124,079 2,814,804 1,195,154 3,821 1,198,975 Commerce 515,411 41,836 557,247 319,624 5,562 325,186 ]t/Stor/Comms 599,701 7,125 606,826 893,520 317 893,837 Finance 207,642 207,649 1,274,954 1,274,954 Construction 334,936 27,762 362,698 43,338 295 43,633 Pro] 495,327
      117 words
    • Article
      Lock icon STOCKS ASIA
      2707 23 Transaction date: Apr24 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol ■000 HK$ Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida Jade Bird Beijing Airport
      2,707 words
  • Page 22 Advertisements
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      32 22 /^H I IVi I»/1 l<f V^ I II B4 I f r 'Iji I '■'■■';';'"rx". v '>^f|ft s^^^jk^^-L I ILL lIN t/\OtLLtN I brlAr t For enquiries, Tel (65) 6238 6678Awww.audemarspiguet.com .X
      32 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change >i 24 World Index Preliminary 659.3 1.5 -2.7 1.2 -1.0 2.1 -4.1 t EAFE Preliminai 631.1 1.3 -2.8 1.5 -2.8 2.5 -5.8 Eun Prelim inan 879.0 2.6 -3.6 3.0 -3.1 4.0 -6.1
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 24 As at 9am Apr 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0560 1.0880 Can dollar 1.2140 1.2290 Euro 1.9540 1.9770 NZ dollar 0.8330 0.8510 iterlini ind 2.1840 2.2100 US dollar 1.4890 1.5070 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      173 24 Apr 24 *L Offer Bid Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.33 0.55 0.95 1.21 1.80 2.10 2.30 Offer 0.23 0.45
      173 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Apr 24 ten Hii Sett STI ;imsci 222.6 223.4 222.0 Taiwan A[ 217.8 220.0 216.6 Source: MF Global (S) He. Ltd
      24 words
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      Lock icon US$/S$ FORWARD RATES
      22 24 Apr 24 S! Bid Offer 1-month 1.4921 1.4935 2-months 1.4919 1.4934 3-months 1.4916 1.4931 6-months 1.4910 1.4927 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      64 24 Apr 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low May 09 2711 JunO9 2615 Jul 09 2555 Aug 09 2495 Total o/p: ***** contracts 2775 2805 2700 2660 2726 2615 2585 2648 2535 2523 2583 2475 Turnover:
      64 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      297 24 Apr 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 98.9600 98.8900 98.6750 98.5400 5922 3731 2956 2538 EUROYEN TIBOR FUTURES JunO9 99.450 99.450 SepO9 DecO9 Mar10 Jun10 Sep10 Dec10 Mar11 99.450 99.450 99.485 99.475 99.450 99.415 99.355 99.310 99.225 300 2 51
      297 words
    • Article
      Lock icon SICOM FUTURES
      195 24 Apr 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) May 09 159.0 JunO9 158.0 Jul 09 157.0 AugO9 157.0 Sep 09 157.0 Oct 09 157.2 158.0 157.0 157.0 155.0 159.0 158.0 157.5 157.5 157.5 157.0 66 20 10
      195 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 24 Apr 24 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****N 23.07.09 1-Year BY*****V 02.11.09 0.24 0.35 0.25 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      87 words
    • Article
      Lock icon CHICAGO BOT
      104 24 Apr 24 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 1040.25 1037.75 1046.75 1029.00 Jul 09 1034.00 1032.00 1041.00 1022.25 Aug 09 1010.50 1008.50 1017.00 1000.00 Sep 09 970.25 965.50 977.25 964.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 36.34 36.20 36.63 35.97
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Apr 23 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 49.71 WTI (Near Mth) 48.74 Dubai (1-Mth F) 48.32 Tapis blend 53.00 Minas 51.05 0.10 0.94 -0.13 -0.65 -0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 46.80 57.50 -0.62 0.20 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Apr 24 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.875 4.894 0.542 5.556 35.702 77.497 0.697 9.629 2.572 1.266 57.685 34.755 1.070 6.368 0.820 24.158 25.368 0.490 0.717 Canada 1.143 5.594 0.619 6.350
      464 words
    • Article
      Lock icon SIBOR
      77 24 Apr 24 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) 0.***** 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 24 Apr 24 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0696 1.0708 0.7168 0.7170 Canadian dollar 1.2224 1.2240 0.8192 0.8195 Euro 1.9737 1.9756 1.3227 1.3228 NZ dollar 0.8449 0.8459 0.5662 0.5664 Sterlini ind 2.1829 2.1854 1.4629 1.463:
      157 words
    • Article
      Lock icon PRECIOUS METALS
      168 24 Apr 24 GOLD (USS/oz) Apr 24 Apr 23 GOLD BULLION COINS (S$) Sellini Hong Kong 907.60 890.60 908.60 891.60 Apr 23 Apr 24 London 905.90 909.60 907.10 910.60 Source: Thomson Reuters (S$) Selling Buying 1 oz 1529.03 1381 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $536.07 440
      168 words
    • Article
      Lock icon LONDON METALS
      69 24 Apr24\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1420.75 1411.50 3 months 1457.00 1448.00 Copper, Grade A (US$/tonne) Cash 3 months 4484.00 4470.00 4341.50 4342.00 Lead (US$/tonne) Cash 1432.00 3 months 1435.00 1465.00 1460.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      72 24 Apr 24 COCOA (Btonne) Close Prev Hii ih/Low May 09 1831 1840 1862/1830 Jul 09 1757 1775 1788/1754 SepO9 1743 1761 1772/1741 Dec 09 1737 1758 1768/1737 COFFEE (US$/tonne) Close Pev High/Low May 09 1497 1484 1500/1473 JulO9 1510 1490 1512/1481 SepO9 1522 1499 1522/1491 SUGAR (US tonne) White
      72 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2489 24 BONDS, WARRANTS EXTENDED SETTLEMENT [el lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left >036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 16 S092 Asia Environment W*****4 0.5 1 185 27.00 4 1481 #Asia Water Tech Ltd W*****0 18.5
      2,489 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      3170 25 m The Business Times Shipping Times m B^| iTTHy yTTn TIjTHH wan hai international pte ltd uen i*****695m r^v £^V^| W K%»E JHMCOE'BfrjwfjLf VTr/V 1Af nil ■>■.« TEL *****588 (14LINES) FAX:*****163 1 111 I IiTE^TIB BffmSßffrWffßilfflllPß VVI I WAN HAI INtj PHI TEL: <03) *****88S FAX: («3) *****238 PEN TEL:
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      3194 26 KS9HEB9EII^B9IH^I I Inn eastern car liner, ltd i nil q^^s^w I tt—~ specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I __H __*^_I*_^lM |l_B_^_J_T^^](^]i il'l^lß^i^l^ill __l ■^I_ls (HhmH^F HIB* 'i ill i' 'i j__l PCL/PHL SERVICE I FRIENDLY SEA EALOB "(I 04/05 15/05 ALSO ACCEPTING
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  • BizIT
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      Lock icon EnterpriseOne to lend small businesses a helping hand
      844 27  -  AMIT ROY CHOUDHURY It will be a one-stop portal for access and information to govt help schemes By A NUMBER of government agencies have come together to implement an online initiative which is managed by Spring Singapore, with a view to help
      844 words
    • <what's new>
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        Lock icon Creative launches speakers for iPod nano
        105 27 CREATIVE Technology has launched the Travel Sound for iPod nano (model iB5), a handheld speaker system tailor-made for Apple's fourth-generation iPod nano. It features a built-in FM tuner which integrates seamlessly with the nano. Simply slide the nano into the speaker unit and the
        105 words
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        Lock icon Jabra releases luxurious mobile headset
        78 27 AN eye-catcher with its titanium blue finish and sleek luxuriant styling, the Jabra JX2O Pura is headset maker GN's newest mobile headset. Selling for $198 (without GST), the upmarket Pura weighs only 13g, provides up to six hours of talk time, and has an intelligent
        78 words
      • Article, Illustration
        Lock icon Slew of portable music devices from Philips
        115 27 PHILIPS has rolled out five new portable music and video players under its GoGear brand. Headlining the range is the Opus, which has a 2.8-inch colour screen and notably supports Free Lossless Audio Codec (FLAC), a free open source lossless music compression standard
        115 words
      • Article
        Lock icon Netgear targets small businesses
        81 27 THE US networking vendor has launched a line of Unified Threat Management (UTM) appliances aimed at small businesses, dubbed Pro Secure UTM. Initially comprising the UTMIO and UTM2S appliances, the devices provide intrusion prevention, anti-malware, anti-spam, Virtual Private Network (VPN) remote access, firewall and other security
        81 words
      • Article
        Lock icon HP launches new business printers
        55 27  -  ONG BOON KIAT HEWLETT-PACKARD has launched the HP Office Jet Pro 8500 All-in-One, a top-of-the-line multi-function printer with a colour print speed of 34 pages per minute. Also new is the HP Office Jet 6500 All-in-One, a network-capable printer aimed at small business owners. Visit
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    • Article
      Lock icon Epicor defends against claims by Challenger
      326 27  -  WINSTON CHAI Regional head says software performed as warranted By EPICOR'S regional chief has refuted claims of product malfunction by asserting that its software had walked the talk and did not justify the refund demanded by Challenger Technologies. "The Epicor software operates and performs
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      Lock icon Samsung to focus on new markets
      839 28 Despite the shrinking economy, it aims to maintain Singapore revenue at 2008's level, reports ONG BOON KIAT SAMSUNG, a key bellwether of the consumer electronics market here, aims to maintain Singapore sales at 2008's robust level despite facing reduced consumer spending and a distressed
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      • Article
        Lock icon SMU to hold business-IT competition
        88 28 THE Singapore Management University (SMU) will be organising its first international business-IT case competition from April 29 to May 2. Called APEX Global 2009, the event will see participants from 16 teams that hail from the world's top universities, including Copenhagen Business School, Simon Fraser
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      • Article
        Lock icon Micro Focus appoints regional director for Asia
        64 28 UK-BASED Micro Focus has appointed Stephen Chan as its regional director for Asia. Formerly from Integrated Research, Mr Chan will be responsible for driving the company's growth and expansion in Asia. Based in Singapore, he reports to Jorge Dinares, Micro Focus's vice-president of
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      • Article
        Lock icon Fullerton Hotel's data centre goes green
        83 28  -  ONG BOON KIAT LUXURY hotel The Fullerton Hotel Singapore has retooled its data centre with new energy-efficient and space-saving IBM servers and storage gear. Its new fleet of 12 IBM HS2I blade servers and a D ***** disk storage system, housed in an IBM
        83 words
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      162 27 Asia Pacific Business Rules Analytics Best Practices Forum Discover unprecedented business agility improve performance compete effectively reduce cost Insurers, banks and other institutions are increasing their use of business rules to increase their agility and productivity. The leading business rules system, FICO™ Blaze Advisor®, puts business rule development and management
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      211 28 The future of banking technology in an uncertain world 7.00pm to B.oopm Wednesday 29 April 2009 Level 22 One Raffles Quay Singapore *****3 A must attend event for technology professionals in the banking sector The credit crunch has affected the way banking works, arguably forever, and no sector of the
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  • Page 28 Miscellaneous