The Business Times, 5 May 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Tuesday, May 5,2009
    23 words
  • 836 1  -  OH BOON PING Buoyant Asian investors bet big on green shoots as caution takes a backseat [SINGAPORE] Asian stocks surged to a seven-month high yesterday, powered by last Friday's US market rally and the growing confidence that the global economy is recovering faster
    836 words
  • MARKETS DIGEST
    • 46 1 lorn lay lange 1COMP 1,009.36 +18.62 IIKKEI225 Closed IANG SENG 16,381.05 +860.06 ;et index 506.26 +14.57 JAKARTA COM P 1,788.15 +58.57 IANILACOMP 2,137.62 +34.12 ;eoulcomp 1,397.92 +28.56 ;henzhen b 376.36 +11.25 IUMBAI IND 12,134.75 +731.5 12 noon EDT Change )OW 8,378.87 +166.46 IASDAQ 1,746.66 +27.46
      46 words
    • 29 1 SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.359 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source: Bloomberg
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ per US$) 1.477 (US$/S$ per 1.494 2.207 ;URO (US$/S$/E) 1.331 1.966 Foreign currency per US$ S$ 'EN 99.50 67.40 3.527 2.388 IK$ 7.750 5.247 !AHT 35.21 23.84 lUPIAH 10,505 7,112 lENMINBI 6.821 4.618 INDIAN RUPEE 49.64 33.61 1.359 0.920 IZ$ 1.740 1.178
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  • 633 1  -  TEH SHI NING Independent directors go public after disagreement with management [SINGAPORE] A stolen truck carrying accounting records. A mysterious power failure. Missing disk drives. All these were made public by three independent directors (IDs) of China Sun Bio-Chem, who felt
    633 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 56 1 *_j i JAIME EE FLU OUTBREAK EUROPEAN jfk PROPERTY -lO^^^- ON AWARE Confirmed cases cross AUTO EMPIRE Tfcf^% Office rents in Asia I ykm.&^mZ'wi Just what was all that 1,000 worldwide Fiat seeks financial Jk^i "Jm slump 7.9% in Ql PL big fuss about? page 2 page 2 support page
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  • TOP STORIES
    • 760 2  -  JAIME EE THE AWARE SAGA Whatever people hated about the ousted new guard, its stand on women's rights was still the same as Aware's: pro-women FINALLY, it's over. I would say, "Thank God", but then I wouldn't want to be accused of,
      760 words
    • THREE-MINUTE DIGEST
      • 53 2 ASIAN stocks surged to a seven-month high yesterday, powered by last Friday's US market rally and the growing confidence that the global economy is recovering faster than expected. The Straits Times Index soared 108 points to 2,028.71, gaining 5.65 per cent by the
        53 words
      • 51 2 A STOLEN truck carrying accounting records. A mysterious power failure. Missing disk drives. All these were made public by three independent directors of China Sun Bio-Chem, who felt these incidents would "severely limit" an independent review of the company's finances. FRONT
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      • 42 2 HOME Quarantine Orders to combat swine flu came into effect in Singapore yesterday, as the World Health Organization said that the number of confirmed cases worldwide stood at 1,003 from 20 countries. TOP STORIES, PAGE 2
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      • 83 2 THE head of Italy's Fiat has outlined an "interesting" plan to create Europe's biggest carmaker but will need five to seven billion euros (Ss9.B billion to 5513.8 billion) in financial support from governments, Germany's economy minister said. Sergio Marchionne met senior
        83 words
      • 62 2 KINGBOARD Copper Foil said yesterday that it has received an offer from its parent firm to take it private. Parent company Kingboard Laminates, which owns 64 per cent of the copper foil maker, wants to buy the rest of the company through a
        62 words
      • 62 2 THE China buyer who failed to make outstanding payment to MCL Land for 20 units at The Fernhill when the project received its Temporary Occupation Permit recently has sealed a deal to sell 19 of the units. BT understands the price was about
        62 words
      • 53 2 BUSINESS confidence among Singapore's small and medium enterprises has improved, according to a study by business-to-business research firm Kadence Asia-Pacific. The study found that although businesses expect economic conditions to remain poor, they are more positive now than they were six months ago. SINGAPORE
        53 words
    • 697 2  -  AMIT ROY CHOUDHURY Home Quarantine Order comes into effect in Singapore; 3 orders issued [SINGAPORE] Home Quarantine Orders (HQOs) to combat the HINI flu came into effect here yesterday, as the World Health Organization (WHO) said that the number of confirmed cases worldwide stood
      REUTERS  -  697 words
    • 443 2  -  SIOW LI SEN [SINGAPORE] While Islamic finance continues to develop, it has been hit by a liquidity crunch. The sector is grappling with the plunge in oil revenues and the impact on many of the Middle East countries. The slump in property prices is another
      443 words
    • 67 2 [SINGAPORE] Senior Minister Goh Chok Tong was admitted to Singapore General Hospital yesterday for chicken pox. As chicken pox is caused by the varicella zoster virus, which is transmitted by the airborne route, SM Goh's doctors decided to admit him to an isolation ward.
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    • 690 3 Reuters The Italian carmaker needs up to 7b euros in aid from govts: Germany [BERLIN] The head of Italy's Fiat has outlined an "interesting" plan to create Europe's biggest carmaker but will need five to seven billion euros (Ss9.B billion to
      – Reuters; BLOOMBERG  -  690 words
    • 429 3 AP, Reuters LATEST US DATA Construction spending up for first time in six months [WASHINGTON] There was another ray of hope yesterday for the distressed housing market: the National Association of Realtors said the volume of signed contracts to buy previously occupied homes
      AP, Reuters  -  429 words
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  • COMPANY NEWS
    • 429 4  -  JAMIE LEE Deal to involve either cash offer, share swap or a mix of the two KINGBOARD Copper Foil said yesterday that it has received an offer from its parent firm to take it private. Parent company Kingboard Laminates, which owns 64 per
      429 words
    • 738 4  -  CONRAD TAN Spore-based bank keen to establish presence there: CEO SINGAPORE'S Islamic Bank of Asia (IB Asia) is "very excited" by the news that Malaysia is opening up its banking sector further to foreign players and will consider taking
      FILE PHOTO  -  738 words
    • 472 4 Reuters SINGAPORE'S three banks could post sharp declines in quarterly profits this week as bad debt charges soar, and investors will be keen to see how much market share they are gaining from battered foreign players in Asia. Malaysian banks are also likely
      – Reuters  -  472 words
    • 571 4  -  OH BOON PING HOW the mighty have fallen. Last week, Singapore's largest electronics maker Venture Corporation continued to report plunging profits this time by as much as 50 per cent to $27.7 million for the first quarter of 2009, while
      571 words
    • 568 5  -  KALPANA RASHIWALA Price said to be about $1,180 psf, which puts it below the purchase price By THE China buyer who failed to make outstanding payment to MCL Land for 20 units at The Fernhill when the project received its Temporary Occupation Permit
      YEN MENG JIIN  -  568 words
    • 110 5 Notes: Net profit refers to profit attributable to equity holders. Trust Reits: Net profit is income available for distribution and turnover is gross revenue. Exchange rate: 1 yuan 550.222 nm-not meaningful Q1 results ended March 2009 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (S|m) (SJm)
      110 words
    • 452 5  -  JAMIE LEE THE chief financial officer and another director of former over-the-counter quoted firm Alphomega Research Group have been ordered by the High Court to buy the shares of the company's former chief executive. The court ruled that former CEO
      452 words
    • 291 5  -  OH BOON PING Popularity driven by investors' shrinking risk appetite INVESTING in managed accounts appears to be getting more popular, as investors' risk appetite continues to shrink, says French bank Societe Generale. According to SocGen director Antoine Broquereau, there is growing interest from
      291 words
    • 365 5 THE beginning of the second half of the reporting season has kicked off with a by-now familiar flurry of profit warnings from listed firms, with several expecting losses. The profit cautions yesterday came mostly from consumer-related businesses, including furniture and textiles. Furniture player Koda Holdings
      365 words
    • 211 5 CNA Group Ltd yesterday claimed that certain ranges of its air purification products can be used to combat the fast-spreading HINI flu that is threatening people across the globe. Leveraging on ultraviolet (UV) technology, the company said that its hospital-grade germicidal UVC
      211 words
    • 381 7  -  AMIT ROY CHOUDHURY TOP for the $175 m project is expected in the first quarter of 2010 ASCENDAS Real Estate Investment Trust (A-Reit) has signed a deal with Singapore Telecommunications (Sing Tel) to develop a hightech industrial building at Kirn Chuan Road
      381 words
    • COMPANY BRIEFS
      • 129 7 WILMAR International has announced the acquisition of a 25 per cent interest in Water Enterprises (BVI Associated Company). The stake was bought from Tibet Water Resources for 175 million yuan (Ss3B million). Upon fulfilment of certain conditions, Wilmar has a put option and a
        129 words
      • 128 7 COSCO Corp Singapore, the vessel building unit of China's biggest shipping company, has won an order from Mitsui Ocean Development and Engineering Co to convert an oil tanker into a floating production and storage vessel. The vessel will be delivered to the Japanese company
        128 words
    • 298 7  -  MICHELLE YEO TECHNICS Oil and Gas has announced strong results for its first-half FY2009 ended March 31. The company, which integrates compression systems and process modules for the global offshore oil and gas sector, lifted revenue 47 per cent from $38.6 million
      FILE PHOTO  -  298 words
  • Page 4 Advertisements
    • 760 4 A MAT* NOTICES PS ETIKA INTERNATIONAL HOLDINGS LIMITED Y//jA Company Registration No: *****3131Z (Incorporated in the Republic of Singapore) INTERIM DIVIDEND FOR THE FINANCIAL YEAR ENDING 30 SEPTEMBER 2009 AND NOTICE OF BOOKS CLOSURE DATE TAX EXEMPT (1-TIER) INTERIM DIVIDEND The Board of Directors of Etika International Holdings Limited (the
      760 words

  • Page 5 Advertisements
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      382 words

  • SINGAPORE MARKETS
    • 571 6  -  YEN SREENIVASAN STOCKS The STI leaps past 2,000-point mark as regional stocks surge to their highest levels in over six months IF THIS is a dead-cat bounce, it surely must rank among the most impressive trampoline acts by any lifeless feline. At least that was
      Bloomberg  -  571 words
    • 94 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 15 0 2 0 0 0 15 0 2 lanufacturing 106 18 42 14 113 24 56 Commerce 41 16 44 20 'pt/Stor/Comms 28 10 28 10 :inance 20 20 Construction 17 17 'roperties 36 36
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    • 105 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 42,277 42,277 138,185 138,185 lanufacturing 722,127 39,697 761,824 409,740 2,018 411,758 lommerce 291,212 58,891 350,103 138,696 8,911 147,607 'pt/Stor/Comms 228,113 25 228,138 325,137 325,138 :i nance 94,411 94,411 641,180 641,180 lonstruction 108,824 15,400 124,224 18,225 158 18,383 'roperties 169,704
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    • 104 6 lapitaLand 2.970 +0.210 Noble Grp 1.440 +0.140 lapitaMall 1.290 +0.040 OCBCBk 6.470 +0.590 jtyDev 7.300 +0.820 Olam 2.000 +0.230 lomfortDelGrc 1.370 -0.050 S IA 11.200 +0.500 losco Corp 1.100 +0.080 SGX 7.000 +0.730 IBS Grp 10.500 1.000 SIAEngg 2.050 +0.080 :&N 2.950 +0.330 SMP.T 1.530 -0.020
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    • 314 6  -  JAMIE LEE Capita Commercial Trust (CCT) May 4 close: $0.915 DBS VICKERS SECURITIES, May 4 CCT's distribution income of $45.4 million (27 per cent y-o-y) translated to a DPU (distribution per unit) of 3.24 cents and came in slightly ahead of market and our estimates. Occupancy remained at
      314 words
    • 248 6  -  KEN TAI CHART POINT THE local bourse reversed from a mild correction last week and ended yesterday's session with an impressive 234-point gain. With the index at 2,029, this is the second-best April performance in 45 years. The hot money flows has led to
      Bloomberg  -  248 words
    • 499 6 Reuters CURRENCIES [NEW YORK] The US doUar edged up against the euro and yen yesterday as investors took refuge in the currency ahead of a bevy of central bank meetings this week and concerns that some of the largest US banks may need yet
      – Reuters; REUTERS  -  499 words
    • 4 6 DAILY
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    • 53 6 CLOSE IT OB/OS 16.00+292.C IT CADI -*****.00 +278. IT 10-day MA -*****.00 +1.0' TSE ST Mid Cap 405.38+20.5: TSE ST Small Cap 327.54+16.3, TSE ST All Share 483.29+25.5 TSE ST China Top 187.01 +10.3, TSE ST China 182.88 +9.8. IOB Catalist 78.99 +1.6 iMSCI 246.28+ 14.7! iMSCI
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    • 59 6 VOLUME Golden Agri 233,108,000 PSCCorp 135,983,000 Global Voice 135,627,000 China Hongxing 128,137,000 Chart SemiCond 77,115,000 Yangzijiang 61,491,000 Genting SP 61,013,000 Oceanus 57,846,000 AusGroup 54,599,000 Cosco Corp 53,226,000 VALUE(S) DBS Grp 219,179,090 OCBC Bk 149,101,808 UOB 134,462,550 SGX 128,638,895 Capita Land 117,910,750 Sing Tel 111,517,958 Wilmar 99,655,940 Keppel
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    • 109 6 CLOSE UP iBXT MSTaiwan 10US$ 1360 162.4 8.8 IOB.ES.0905 1254 146.0 13., ICBC Bk4.5%NCPS 100 8520 130.0 1. IOB 1280 130.0 11. At ES.0905 723 101.0 16., iBS Gr| 1050 100.0 10. iTXPO 100 1380 96.0 7. At 730 82.0 12. China H 10US$ 1247 78.2 4.. IGX.ES.0905 699
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    • 123 6 CLOSE DOWN 2200-103.3 -3.1 IMH LP 10US 8805 -66.4 -0.5 Pair 501 -56.1 -7.1 UOB DB ePW*****0 20 -39.0 -66.1 DBS RB ePW*****3 83 -26.0 -23.9 UOB BNP ePW*****7 35.5 -17.5 -33.0 ;GXDBePW*****3A 30 -15.0 -33.3 Kej RBePW*****6 52 -13.0 -20.0 DBS DB ePW*****7 19 -12.5 -39.7 ;TI 2000BNPePW*****0
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  • Page 6 Advertisements
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  • SINGAPORE NEWS
    • 424 8  -  MICHELLE YEO Companies more optimistic about prospects in April than last Oct: survey BUSINESS confidence among Singapore's small and medium enterprises (SMEs) has improved, according to a study by busi-ness-to-business research firm Kadence Asia-Pacific. The study found that although businesses expect economic conditions to remain
      424 words
    • 476 8  -  RONNIE LIM China demand hits 90% of what it was before downturn THANKS largely to a recovery in demand in China, Singapore's petrochemical plants returned to near full operating capacity in the first quarter and Q2 promises to be even better. "From a 20-30
      476 words
    • 193 8 THE wealth management arm of ÜBS AG yesterday appointed Carlo A Grigioni as head of key clients in Asia Pacific. Mr Grigioni is currently vice-chairman (wealth management and Swiss bank) and has been in Singapore since 2007. With the newly created
      193 words
    • 321 8  -  VICTOR KATHEYAS In downturn, people may not spend as they used to BRANDS need to communicate an even greater sense of value to people in these uncertain times, says Simon Bolton, chief executive officer of Lon-don-based branding consultancy The Brand Union. While conceding
      321 words
    • SINGAPORE ROUNDUP
      • 73 8 SINGAPORE Civil Defence Force (SCDF) Commissioner James Tan Chan Seng will retire on May 20 after 42 years with the Singapore Armed Forces and SCDF. Deputy Commissioner Peter Benedict Lim Sin Pang will be appointed commissioner on that date. Mr Tan has been at SCDF's
        73 words
      • 56 8 THE Urban Redevelopment Authority has awarded the tender for a heavy vehicle parking site at Kaki Bukit Road 2 to WTS Development. The company submitted the highest bid of $3.2 million for the 9,126 square metre site. The tender was launched on March
        56 words
    • 1168 9 MAXIMISING CAPITAL Firms are paying more attention to their ability to access precious liquidity when and where they need it, reports CONRAD TAN ITH credit still scarce and liquidity precious, some companies that do business internationally are turning to their banks for innovative ways to extract
      AFP  -  1,168 words
    • 750 9  -  LEE U-WEN COMMENTARY V HEN I first met Jitendra Singh last year, just a few months after he became dean of Nanyang Technological University's (NTU) business school, he said he hoped to etch his name in the school's history books
      FILE PHOTO  -  750 words
    • 234 9  -  VICTOR KATHEYAS STANDARD Chartered Bank said yesterday that it will give one-year structured job attachments to more than 100 university graduates under a scheme proposed and supported by the Monetary Authority of Singapore. The Finance Graduate Immersion Programme, which is supported
      FILE PHOTO  -  234 words
    • 188 9 TWELVE eminent scientists are in Singapore for a three-day symposium to discuss issues in developmental, cell and molecular biology that have substantial implications for human health and disease. The symposium, which started yesterday, was organised by A*Star's Institute of Molecular and CeU Biology (IMCB)
      188 words
  • Page 8 Advertisements
    • 1322 8 w WATS JL^I \*J JL JLx^J i l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg DnBNOR INCOME STATEMENT BALANCE SHEET Dnß NOR Bank ASA Dnß NOR Bank Group Dnß NOR Bank ASA Dnß NOR Bank Group 2007 2008 Amounts in NOK million 2008 2007 31 Dec 2007 31 Dec 2008
      1,322 words

  • Page 9 Advertisements
    • 50 9 dti This is the last of a three-part series brought to you by Citi's Global Transaction Services, which delivers end-to-end treasury and trade solutions that guide your business through complex regulations and evolving market conditions. To discover how to maximise efficiencies in your supply chain, please visit us at www.transactionservices.citi.com.
      50 words

  • SMEInc
    • 1104 10 Dental practice Team GPA believes that patients belong to no one, reports CHEN HUIFEN SINGAPORE has far fewer dentists per head of population than many developed countries, but that's no reason for any dental business here to be complacent, says Wilson Goh, founder of dental
      ARTHUR LEE  -  1,104 words
    • 354 10  -  VICTOR KATHEYAS It slashes licence fee following request to Pro-Enterprise Panel HAVING read about the health benefits of wine and vinegar, Grace Lim decided to try her hand at making them for her husband, who was in poor health at the time. She
      354 words
    • 386 10  -  TEH HOOI LING INVESTORS ignored the swine flu, but instead focused on data that the worst may be over for the US economy, and by extension the global economy. The blue-chip Straits Times Index (STI) rocketed 108.43 points or 5.65 per cent to 2,028.71 yesterday, tracking
      386 words
    • 646 11 Alpha Biofuels collects liquid waste, including used vegetable oil from restaurants and homes, and converts it into bio-diesel to power vehicles, reports BRITTANY KHOO A wish for a greener world through sustainable energy prompted Allan Lim, chief executive officer of Alpha Biofuels, to find a
      YEN MENG JIIN  -  646 words
    • 1427 12 THIS WEEK'S TOPIC Some analysts have said recently that things will start looking up, and forecast that the economy will bottom out this year. Do you agree? Or perhaps you already see increasing orders from your customers, suggesting an imminent recovery? Oliver Tian CEO, HutCabb Consulting
      1,427 words
  • Page 10 Advertisements
    • 94 10 UIEEH SOWIEOnE mUBI Win Overcoming the STORM g^^^m "Confidence I mm 11 WiU fK kSB mLiH 1 's y°ur com PanV affected by 1 1%Jm M If n^ij \i 1 the current economic crisis? »»GOi OCCI K^tMlrtulj I Would you like some advice that might help you cope I f
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  • Page 10 Miscellaneous

  • Page 11 Advertisements
    • 846 11 HKRH^^^^^H^^^^^H spring It<|IHK»I izM ■it I A BUSINESS LEADERS INITIATIVE SERIES BROUGHT TO YOU BY Of r»/-t^r»^f^T oifiydfjuf t? Enabling Enterprise 1 Pr^narp to mnv^ alipaH 1 i i wj iiiv/y^ cii i^/Civi* v w m'^^M J'B B{ ill m\\\ Ifet fl ml&N&i I* 111 lv\^ Xk "v ■< Will
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  • Page 12 Advertisements
    • 103 12 I H 50 Enterprising Stars Will Shine This Year Submit Your Entry For The E5O Awards Now ENTERPRISE If you are a home-grown, privately-owned business with three years of audited statements, and have achieved excellent results despite the current economic climate, submit your entry for the 2009 Enterprise M 50
      103 words
  • Page 12 Miscellaneous
    • 56 12 jIVIc The topic for next week's SME Voices column is: How will swine flu affect your business, and what business contingency plans do you have to minimise the risk of infection in your company? Please email your comments, with your name, designation and company's name to btclub@sph.com.sg. Mention SME Voices
      56 words

  • ECONOMY WATCH
    • 748 13 AP, Bloomberg, Reuters EC also doubles contraction rate of EU, eurozone economies to 4% [BRUSSELS] Europe is suffering "a deep and widespread recession", the European Union said yesterday, estimating that unemployment would rise sharply over the next two years and that
      – AP, Bloomberg, Reuters; AFP  -  748 words
    • 295 13 Bloomberg [HELSINKI] Europe should follow the US by subjecting its banks to stress tests in order to restore trust in the financial industry and growth to the economy, Finnish Finance Minister Jyrki Katainen said. "The name of the economic disease is banking
      ■ Bloomberg  -  295 words
    • 590 13 Reuters Net selling in March hits record 1.9 trillion yen [TOKYO] Worsening economic prospects in Japan this year have chased away foreign funds, leaving the country behind Asian peers that are starting to attract new funds from abroad. Japan is grappling with its worst recession
      – Reuters  -  590 words
    • 519 13 -NYT [NEW YORK] The results of the bank stress tests to be released by the Obama administration this week are expected to include more detailed information about individual banks assessing specific parts of their loan portfolios than many analysts have been expecting. Using
      -NYT  -  519 words
    • 604 13 Reuters But pace of Poland's fall in April faster than in March [PRAGUE] The pace of fall in manufacturing slowed in the Czech Republic and Hungary in April in a sign that recession may be approaching a bottom but activity in Poland, the region's
      – Reuters  -  604 words
  • Page 13 Advertisements

  • MALAYSIA/INDONESIA
    • 583 14 M'sia's largest buyer of home loans successfully taps bonds of RM4.5b [KUALA LUMPUR] Cagamas Bhd, Malaysia's largest buyer of home loans, will issue a further RM7.5 biUion (553.2 billion) worth of bonds for the rest of this year, following the successful issuance of RM4.5 billion
      583 words
    • 348 14 Of 107 handed out to foreign operators, only 78 are in use [KUALA LUMPUR] The Malaysian government has capped the number of foreign hypermarket licences at 107 until the end of this year, to address the issue of unused licences, Malaysia's Business Times reported.
      348 words
    • 336 14 AFP [JAKARTA] Indonesia's powerful anti-graft czar was arrested yesterday for masterminding the execu-tion-style slaying of a businessman, in a case that has rattled efforts to tackle deeply entrenched corruption. Corruption Eradication Commission (KPK) head Antasari Azhar was declared a suspect after hours of questioning over the
      AFP; AP  -  336 words
    • 188 14 ■AFP [KUALA LUMPUR] Malaysia's Olympic council is developing a new sports channel to promote homegrown stars and neglected sports like chess, an official said yesterday. Olympic Council of Malaysia (OCM) secretary Sieh Kok Chi said the channel would be aired on Malaysia's private cable
      ■AFP  -  188 words
    • 425 14 -Reuters [JAKARTA] Indonesia has no plan to cut liquefied natural gas (LNG) output this year even though its buyers are cutting imports because of the global economic crisis, an official at the energy watchdog said yesterday. In March, BPMIGAS said buyers
      -Reuters  -  425 words
    • 378 14 [KUALA LUMPUR] Two US-based multinational corporations (MNCs) will be setting up their business process outsourcing (BPO) and shared services centres in the RMIOO million (Ss42 million) Sun Tech Tower in Bayan Baru soon, says a report in a Malaysian newspaper. Citing a source, Starßiz said
      378 words
  • Page 14 Advertisements

  • GREATER CHINA/INDIA
    • 785 15 Reuters CLSA's PMI above watershed of 50 for first time since July 2008 [BEIJING] A new survey of Chinese manufacturing provided fresh evidence yesterday that massive fiscal and monetary stimulus is reviving the world's third-lar-gest economy. An index based on a survey of
      Reuters; AP  -  785 words
    • 290 15 Bloomberg [NEW DELHI] India's Supreme Court asked the government to provide more information on money held in offshore accounts to evade taxes in response to a petition seeking the repatriation of such funds. The bench, headed by Chief Justice KG Balakrishnan, also
      Bloomberg  -  290 words
    • 778 15 Reuters But analysts expect positive earnings growth for the year [MUMBAI] A surge of foreign inflows that helped lift Indian stocks 40 per cent in eight weeks may lose steam on questions over valuations and the outcome of national polls, but the economy's prospects
      – Reuters; Bloomberg  -  778 words
    • 676 15 -NYT [NEW YORK] After many years of fervent lobbying and deal-making in China, American media companies have little to show for their efforts there and are increasingly shifting their attention instead to India. Media executives still believe that Chinese audiences are
      -NYT  -  676 words
    • 512 15 Reuters, Bloomberg [MUMBAI] Activity in Indian factories expanded for the first time in five months in April as a swelling orders pipeline pointed to a tentative recovery, a survey showed yesterday. The ABN Amro Bank purchasing managers' index (PMI), based on a survey of
      Reuters, Bloomberg  -  512 words
    • 396 15 Reuters [HONG KONG] Private business activity in Hong Kong continued to shrink in April for a 10th successive month on sluggish global demand, although the decline was the slowest since September, a purchasing managers' survey showed yesterday. The Hong Kong purchasing managers'
      – Reuters  -  396 words

  • ASIA-PACIFIC/WORLD
    • 726 16  -  ANTHONY ROWLEY Top officials at ADB meet highlight the threat downturn poses to Asia's poor FALLOUT from the global financial and economic crisis could see "social and political unrest" erupting in many countries of Asia and elsewhere, Indonesian President Bambang Yudhoyono warned yesterday.
      726 words
    • 454 16 Reuters [PERTH] Oil rose above US$53 a barrel yesterday, adding to gains of 4 per cent chalked up in the previous session, as positive Chinese economic data fed further hopes the world economy is beginning to recover from a painful recession.
      – Reuters; BLOOMBERG  -  454 words
    • 491 16 Bloomberg [SYDNEY] Australia has delayed plans to trade carbon-dioxide emissions by a year to 2011, blaming the economy, while remaining open to reducing greenhouse gases under an international agreement. The decision was made amid signs that the proposal will detract from growth as
      Bloomberg  -  491 words
    • 461 16  -  LEE U-WEN [SINGAPORE] The finishing touches have been put in place for Asean and three of its North Asian neighbours to launch an expanded US$l2O billion multi-cur-rency swap fund this year. China, Japan and South Korea agreed on Sunday to their individual contributions
      461 words
    • 437 16 Reuters [BANGKOK] Thai soldiers and police will enforce a five-kilometre "no rally" zone around Asian leaders next month to prevent another disruption at a regional summit it has been trying to host for five months, officials said yesterday. The East Asia
      Reuters  -  437 words
    • 506 16 Bloomberg [ROME] Prime Minister Silvio Berlusconi says his 19-year marriage is over, leaving Italy's second-rich-est man facing a distracting divorce a month before European parliamentary elections. "I am worried and upset," he said in an interview with La Stampa newspaper published yesterday. "We
      Bloomberg; AP FILE PHOTO  -  506 words

  • WORLD
    • 626 17 ■AP.LATWP Employers big and small are slashing hours, imposing once-unthinkable wage cuts [WASHINGTONIAcross the US, workers' earnings are stagnating or, in some cases, declining. For many Americans, the setbacks are all the more troubling because they have lost so much wealth in
      ■AP.LATWP  -  626 words
    • 568 17 -AP BERKSHIRE HATHAWAY AGM [OMAHA, Nebraska] Billionaires Warren Buffett and Charlie Munger said on Sunday the most important lessons of the recent financial turmoil are that companies should borrow less and build a system that imposes severe disincentives for failure. Berkshire Hathaway's
      -AP  -  568 words
    • 561 17 Bloomberg Throwing hat into ring are S Arabia, UAE, Bahrain, Qatar [DUBAI] Gulf leaders are planning to choose the location of a central bank for a single regional currency today, a show of political will that would boost confidence in the
      – Bloomberg  -  561 words
    • 722 17 Reuters Pitfalls in ignoring business model differences, he says [OMAHA, Nebraska] Warren Buffett has attacked the US government's stress tests of 19 large American banks, saying they failed to properly assess the industry's health, and added that he would buy
      Reuters; BLOOMBERG  -  722 words
    • 280 17 -Reuters [NEW YORK] Bank of America Corp is working on plans to raise more than US$lO billion in fresh capital, even as it and Citigroup launch last-ditch attempts to convince the US government they do not need to bolster their balance sheets,
      -Reuters  -  280 words

  • AVIATION
    • 914 18 -NYT Few cancellations so far, but airlines try to accommodate those who won't fly [PARIS] Lufthansa has placed a doctor on board every flight to Mexico; American Airlines has issued cabin crews with medical kits; British Airways is distributing face masks; and Alaska Airways is
      -NYT; REUTERS  -  914 words
    • 2605 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,605 words
    • 273 18 Reuters [LONDON] The leaders of some of the UK's largest companies have started a revolt against the third runway at Heathrow, citing "responsible citizenship", media reports said. An open letter, signed by 13 business leaders, is expected to question the benefits to
      – Reuters  -  273 words
    • 343 18 Bernama First flight closer now; orders stand at 886 from 57 clients [KUALA LUMPUR] The Boeing 787 Dreamliner that will fly later this quarter has moved to the flight line. Fuel testing the first in the next phase of extensive checks the airplane must undergo
      – Bernama  -  343 words
  • Page 18 Advertisements
    • 137 18 BT/ZUJI Deals of the Week DEAL OFTHE WEEK ECONOMY CLASS AIRFARES HOTEL (fr I BUSINESS CLASS AIRFARES LOndOn $857 Emirates $4,279 Emirates DESTINATIONS ECONOMY CLASS AIRFARES HOTEL BUSINESS CLASS AIRFARES WEATHER Manila $362 Philippine Airlines $64 I $1,049 Philippine Airlines Rain Brisbane $456 Emirates $145 $3,261 Emirates fs\ Cloudy Seoul
      137 words
  • Page 18 Miscellaneous
    • 194 18 CRYPTIC CROSSWORD ACROSS tight grip! (12) DOWN 2 Naive individual names old source of money coming in money in the States (8) stops income varying (6,6) YESTERDAY'S SOLUTION 3 Rework article, ditching part 14 Fault-finding referee ruof it (4) moured to be mad! (10) A"oss: 7. T.^^; B.^^ 4 Men
      194 words

  • SHIPPING
    • 671 19 Bloomberg Analysts say move shows firm believes dry-bulk rates have bottomed out [HONG KONG] China Shipping (Group) Co, the nation's second-biggest seacargo company, plans to order dry-bulk ships this year as prices fall on overcapacity concerns and the global recession. "We'll never give
      – Bloomberg  -  671 words
    • 347 19 -LAT-WP [SAN DIEGO] Three major cruise lines that halted visits to Mexico due to the swine flu outbreak released new itineraries last week that re-route the ships to alternative ports or have them spend more time at sea. The itinerary changes last Wednesday
      -LAT-WP; AFP  -  347 words
    • 506 19 -AP A key challenge for him will be Panama Canal's expansion [PANAMA CITY] Conservative supermarket magnate Ricardo Martinelli won Panama's presidential elections in a landslide on Sunday, promising to guide the country through the world economic crisis and an ambitious expansion of the Panama
      -AP; AFP  -  506 words
    • TRANSPORT STOCKS
      • 106 19 '000 :H Offshore Ihuan Hup Hldgs losco Corp ZWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks laya Hold Ltd <1Ventures <eppel Corp VlTQCorp MOL Pacific Shipping 3an-United Corp Rickmers Mari iamudera Ship iembcorp Indust iembcorp Marine ipore Ship itar Cruises 0.30 0.18 1.10 0.42 0.99 0.39 0.05
        106 words
      • 36 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings 0.69 8.60 8.80 3.08 unch 0.03 0.12 unch 0.10 -0.05 0.14 unch unch 0.01 4: 1251 161 1131 121 3531
        36 words
      • 7 19 ■oo ■recious Ship .13.70 1.00 *****
        7 words
      • 11 19 '000 Doil iingamas Cont .24.05 ...0.54 1.60 180: 0.06 *****:
        11 words
      • 16 19 '000 Aboitiz Equity Intl Container Keppel Marine 5.60 13.25 unch -0.10 0.50 unch 6( 198(
        16 words
      • 22 19 Evergreen Marine ....17.65 :irst Steamship 42.80 /Van Hai Lines 15.65 r"ang Ming Marine...12.30 1.15 1.00 0.50 0.60 11 14 6 29
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      • 38 19 ■nnn Yen Vol :awasaki Hvylnd ..213.00 3.00 ***** :awasaki Kisen 393.00 24.00 9035 /litsubishi Hvy 323.00 2.00 ***** /litsui Eng&Sbldg...202.00 2.00 3977 /litsui Osk Lines 591.00 30.00 ***** lippon Express 355.00 4.00 2699 lipponYusen 421.00 19.00 *****
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    • 328 19 Bloomberg [HONG KONG] Hyundai Heavy Industries Co, the world's largest shipbuilder, led advances among South Korean shipyards and shipping lines in Seoul yesterday on expectations of demand for new vessels amid signs that the global economy is recovering. Hyundai Heavy climbed 7.4 per cent,
      – Bloomberg  -  328 words
    • 384 19 Reuters Somali pirates came as close as 3 km of cargo vessel [SEOUL] A South Korean Navy destroyer chased Somali pirates from a North Korean cargo ship off the African coast in the country's first such operation abroad, military officers in
      – Reuters  -  384 words
    • 287 19 Reuters [PARIS] France intercepted 11 suspected Somali pirates on Sunday after they mistook a French naval ship for a commercial vessel and started heading towards it in preparation for an attack, a Defence Ministry spokesman said. Heavily-armed Somali pirates have stepped up
      – Reuters  -  287 words

  • EDITORIAL & OPINION
    • 494 20 THE acrimonious saga of the leadership tussle at Aware, the Association of Women for Action and Research, finally came to an end last Saturday, in a dramatic show of the power of passionate activism something not usually evident in mega-doses in Singapore.
      494 words
    • 1004 20  -  LEON HADAR The fact that he's avoided to push his protectionist agenda can be considered good news IN most of the commentaries marking US President Barack Obama's first 100 days in office there has been almost no mention of the new president's
      REUTERS  -  1,004 words
    • 805 20  -  HARISH MEHTA THE BOTTOM LINE SO the American farm lobby has been successful in removing the swine from the flu and getting the virus called by its scientific label A(H1N1) instead. Last week US farm groups wanted to rename the virus "North
      805 words
    • 1441 21  -  PETER COLEMAN Performing regular fraud risk assessments is the cornerstone of an effective fraud risk management programme THE recent news around investments run by Bernard Madoff and Allen Stanford have led many to speculate that there will be a significant increase in the number
      REUTERS  -  1,441 words
    • 861 21 -NYT WAGES are falling all across America. Some of the wage cuts, like the givebacks by Chrysler workers, are the price of federal aid. Others, like the tentative agreement on a salary cut here at The New York Times, are the result of discussions
      -NYT; AP  -  861 words


  • SINGAPORE STOCKS
    • 8597 22 Transaction date: May 4 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 8 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 17 5.5 1938 AEICorp 9.5 1 1100 AEM 23 7 2101 APOil 77.5 26.5 5550 ARA 8.5 2.5
      8,597 words
    • 1671 23 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E M Cap $mil 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Vld Net C000) High Low Buyer Seller C'vr
      1,671 words
    • 306 23 Hii Low Code Comi Sale C000) Hii Low Bm Seller Cvr P/E imil 108 100 6389 ABFSG Bond ETF 107.8 -0.2 982 427 CIMBAsean40 100US$ US547xd 203 149 DBS STI ETF 100 202 +12 2288 1682 DBXT FTChina25 10US$ US2198 3332 3228 DBXT FTVietnam 10US$ US3330 1360 850
      306 words
    • 253 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 offer
      253 words
    • 9194 23 UNIT TRUSTS FUNDS |IJNiTTRUSTS^^^^^^n AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.657/ AIGIF S'pore Bond Fund/A 1.22/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.81/ APS Alpha Fund (USD)!** 0.55/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5148/ APS Komaba
      9,194 words
  • Page 22 Advertisements
    • 30 22 /WDMIAK&rIIiIJM fCHMiyil THE BIRTH 0F A GREAT DATE Le maitre de I'horlogerie depuis 1875 It j'flSaflPf^l IFhSHI EDWARD PIGUET COLLECTION 1 11 fHiff For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com
      30 words


  • FINANCE & COMMODITIES
    • 380 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 1 World Index Preliminan 668.7 0.3 -1.3 0.5 0.0 0.2 -2.7 t EAFE Prel liminai 643.8 0.3 -0.8 0.4 -1.4 0.1 -4.1 Euro[ Preliminan
      380 words
    • 126 24 A s 9am May of foreign currency: Currencies Bid Offer Aust dollar 1.0750 1.1070 Can dollar 1.2410 1.2560 Euro 1.9550 1.9770 NZ dollar 0.8400 0.8590 Sterlini ind 2.1960 2.221 US dollar 1.4710 1.4870 Local dollars to 100 units of foreign currency: Currencies Bid Offer Chi renminbi
      126 words
    • 170 24 May 4 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 90 1.10 1.70 2.10 2.30 Offer 0.23 0.45 0.60 0.80
      170 words
    • 21 24 May STI SIMSCI Ma' 230.4 245.8 245.0 Taiwan Ma> 235.5 254.5 246.5 Source: MF Global (S) He. Ltd
      21 words
    • 21 24 May 4 Bid Offer 1-month 1.4761 1.4777 2-months 1.4758 1.4775 3-months 1.4756 1.4773 6-months 1.4749 1.4769 Source: OCBC
      21 words
    • 61 24 May 4 Delivery Month Opening Sett Av Range Price Price Hii Low Vol Open Done Position May 09 2790 Jun 09 2748 Jul 09 2690 Aug 09 2628 Total o/p: ***** contracts 2837 2899 2790 2755 2848 2730 2702 2798 2679 2641 2740 2625 Turnover: ***** Market tone:
      61 words
    • 256 24 May 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun09 Sep09 Dec09 Mar10 99.0550 98.9950 98.7900 98.6650 5785 2464 2087 2735 EUROYEN TIBOR FUTURES Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 DedO Mar11 99.450 99.515 99.525 99.500 99.465 99.385 99.340 99.255 ***** 4405 2167 2127 700 281
      256 words
    • 97 24 May 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) JunO9 166.0 Jul 09 Aug 09 Sep 09 Oct 09 NOV09 166.0 169.0 169.0 169.0 169.0 169.0 169.0 20 887 948 812 950 1038 1064 TSR 20 (US cents/kg)
      97 words
    • 78 24 May 4 As at 12 noon (S cents/kg) RSS 2 June 2009 253.00 RSS 3 June 2009 252.75 RSS 4 June 2009 249.50 RSS 5 June 2009 245.00 No 1 ADS 274.00 As at 5pm (S cents/kg) 254.00N RSS 2 June 2009 253.00 254.00N 253.75N RSS 3 June
      78 words
    • 91 24 May 4 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****A 06.08.09 1-Year BY*****W 03.05.10 0.20 0.31 0.19 0.19 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
      91 words
    • 100 24 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 1102.00 1070.00 1103.50 1060.75 Jul 09 1091.00 1055.00 1095.50 1044.00 Aug 09 1059.00 1023.00 1063.00 1013.00 SepO9 1011.00 980.50 1012.00 985.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 37.43 36.22 37.46 36.00 Jul 09
      100 words
    • 77 24 CRUDE OIL PRODUCTS May 7 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 52.29 1.42 WTI (Near Mth) 52.71 1.76 Dubai (1-Mth F) 49.23 -1.05 Tapis blend 53.35 -1.20 Minas 51.45 -1.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 45.17 57.90 unch unch US$/barrel Opec Oil
      77 words
    • 474 24 May Rm Euro HK! Im Rs Ru Yen Won RM NZ! Pal Rs Peso Ram NT! Bal it Pouni us: Australia 0.869 5.019 0.553 5.702 36.523 77.291 0.732 9.364 2.595 1.280 59.235 35.368 1.087 6.179 0.835 24.280 25.902 0.492 0.736 Canada 1.151 5.777 0.636 6.564 42.039 88.965
      474 words
    • 75 24 May 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs
      75 words
    • 168 24 May Against SS Currencies Bid Offer Against USS Bid Offer S$/US$ to one unit of foreign currency: 0.7356 0.7359 Australian dollar 1.0860 1.0875 Canadian dollar 1.2500 1.2517 0.8467 0.8470 Euro 1.9644 1.9667 1.3306 1.3308 NZ dollar 0.8483 0.8497 0.5746 0.5750 Sterling 2.2053 2.2081 1.4938 1.494: US dollar
      168 words
    • 168 24 Ma y Hong Kong 892.60 897.40 893.60 898.40 May 01 Apr 30 London 883.80 883.40 885.00 884.60 Source: Thomson Reuters (S$) Selling Buying 1 oz 1479.81 1335 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $518.95 426 SILVER Selling Buying (s$: Sellim Bui 'ini $518.95 426 Selling Buying
      168 words
    • 67 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1504.00 1459.50 3 months 1539.00 1494.00 Copper, Grade A (US$/tonne) Cash 3 months 4604.50 4600.00 4433.25 4431.00 Lead (US$/tonne) Cash 1389.50 3 months 1400.00 1324.00 1330.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      67 words
    • 76 24 May 1 (£/tonne) Close Prev Hii ih/Low May 09 1730 1774 1774/1732 Jul 09 1672 1707 1710/1669 Sep 09 1669 1701 1704/1668 Dec 09 1662 1696 1697/1659 COFFEE (USS/tonne) Close Pev High/Low May 09 1475 1424 1472/1430 Jul 09 1495 1453 1497/1459 Sep 09 1507 1466 1509/1474 SUGAR (US
      76 words
    • 2371 24 BONDS, WARRANTS EXTENDED SETTLEMENT DBS MBL EPW*****2 16.5 -7.5 96 0.2 888 SIA DBS ECW*****9 20.5 Pel Zode Company fel Last Vol Conv Exer Disc Gear- Mths lode Company Sale +or- ('000) Ratio Price ing Left >036AdvanceSCTLtdW*****9 0.5 halt 1 87 2400 7.00 15 DBS MBLEPW*****2 8 -4.5 91 4561
      2,371 words

  • Page 25 Advertisements
    • 2399 25 The Business Times Shipping Times Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE HIMIMI CtltllVflflll Destination Destination VIIVI V UfUllll UlHf STXPOTBN RTM/ANR/TIL STXPO TBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I dill wl I I lIC If A wll I™ 0 UdjjW Ull II
      2,399 words

  • Page 26 Advertisements
    • 4697 26 F^^^^^^^^^^^^^^^^^l n~E~ EASTERN CAR LINER, LTD I I^^ffiEIDBEJ IL_^—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B^^jj B|jM||iilll||ii|i|B WJIUSIMMIMMMMMMV'wt I RoinKKT) Im^ I MNL I MUA I SIN I PKL I Bit I JKT I PCL/PHL SERVICE AMX SERVICE C.nnectin 9 ECL Svc via MALTA »LAC*a 7J 30 07^05
      4,697 words

  • PROPERTY
    • 718 27 Bloomberg Index measuring the weighted average of house values fell 6.7% from 2008 [SYDNEY] Australian house prices fell by a record annual amount in the three months through March as the nation's first recession since 1991 and surging unemployment sapped demand for
      – Bloomberg; BLOOMBERG  -  718 words
    • 505 27 Reuters [DUßAl] The United Arab Emirates (UAE) said it would grant expatriate homeowners multiple-en-try visit visas enabling them to stay six months at a time if they own properties worth at least one million dirhams (*****,061). Property buyers had been waiting for legislation
      Reuters; BLOOMBERG  -  505 words
    • 391 27 Bloomberg Union Properties nets 30m dirhams as sales fall, projects get delayed [DUBAI] Union Properties PJSC, the Dubai-based developer that suspended work on a Formula One-themed park, said that first-quarter profit plunged 87 per cent as the global financial crisis hurt real-estate
      – Bloomberg  -  391 words
    • 327 27 Reuters [SYDNEY] A US$5 billion Australian pension fund is looking at property development projects in Asia that it believes will allow it to capture future growth when an economic recovery kicks in, its chief executive said yesterday. Hostplus, a pension fund for hospitality
      – Reuters  -  327 words
    • 348 27 Bloomberg But small size may not draw interest from bigger builders [HONG KONG] Hong Kong's government will auction a residential building site for the first time in almost a year today, in a test of developers' expectations in Asia's second-most expensive
      Bloomberg  -  348 words
    • 624 28  -  UMA SHANKARI Singapore, Hong Kong see steepest fall; leasing activity remains subdued [SINGAPORE] Office rents across Asia sank in the first quarter of this year with Singapore and Hong Kong suffering the sharpest declines a report by CB Richard Ellis (CBRE)
      624 words
    • 419 28 Bloomberg Expected buyer is a Japanese insurer, says report [HONG KONG] American International Group Inc is close to agreeing to sell its Japanese headquarters for about US$l billion, which would mark one of its largest sales of assets to pay off government
      Bloomberg  -  419 words
    • 535 28  -  LEE HON KIUN COMMENTARY tern, the DC rate is an average value within a geographical sector. Applying it to a multi-storey development on a specific site, it is also an average value for that development. As building intensifies or
      535 words
  • Page 27 Advertisements
    • 46 27 !!!!!!!!!S^ 'id? WHS r li-3 CJU r-P njrtX (j LTLTfind the ones bn Uf J THAT FIT! r ps_/ Recruit the right people i j C~- __J) through CATS Recruit. -4 fj Call 1800 289 8822 or email t^> r^ I V^^\recruit@sph.com.sg I, to advertise. C^^
      46 words

  • Page 28 Advertisements
    • 391 28 t ANNOUNCEMENT *^^^i London property gurus in Singapore I on 11th 12th May 2009 Ask them anything you want A about London Property mm*. Anita Mehra J Marc yon Grundherr Who are they? Anita Mehra and Marc yon Grundherr run Benham Reeves Residential Lettings London's oldest independent letting and management
      391 words
    • 14 28 m JJ z CATS Recruit The Arst door to your world of opportunities <: < o
      14 words
    • 89 28 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word "Zap" sms ***** (Post-paid subscribers) or 9741 9401 (Pre-paid subscribers) b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software
      89 words