The Business Times, 2 June 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30043
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg SfCi A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Tuesday, June 2,2009
    23 words
  • Article, Illustration
    Lock icon Temasek to plonk $437m into Olam
    620 1  -  CHEW XIANG Kewalram group, Verghese to back deal; some of the funds may go into fresh acquisitions By [SINGAPORE] Temasek Holdings is investing $437.5 million in 01am International, the listed commodities supplier said yesterday. Analysts called the Singapore investment company's foray into commodities an
    620 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.244 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      47 1 lorn lay lange 1 COMP 1,061.80 +17.6 IIKKEI225 9,677.75 +155.25 1ANG SENG 18,888.59 +717.59 SET INDEX 579.98 +19.57 JAKARTA COMP 1,998.58 +81.74 1ANILACOMP 2,458.65 +69.34 ;eoulcomp 1,415.1 +19.21 iHENZHEN B 442.81 +21.48 IUMBAI IND 14,840.63 +215.38 12 noon EDT Change )OW 8,712.44 +212.11 IASDAQ 1,823.93 +49.60
      47 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ ier US$) 1.437 (uss/ss il 1.638 2.354 ;URO (US$/S$/E) 1.422 2.044 Foreign currency per US$ S$ 'EN 94.80 65.90 3.474 2.417 IK$ 7.752 5.393 !AHT 34.11 23.73 lUPIAH 10,230 7,117 lENMINBI 6.827 4.749 INDIAN RUPEE 46.92 32.64 1.233 0.858 IZ$ 1.541 1.072
      45 words
  • Article
    Lock icon NOL primed to make major announcement
    483 1  -  VINCENT WEE Trading halt called while theories do the rounds By [SINGAPORE] Neptune Orient Lines (NOL) unexpectedly requested a trading halt yesterday pending an announcement that should be on its way this morning. The NOL board then retreated for a meeting until late last
    483 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      3 1 8 *****1 *****4
      3 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      142 1 /m II al r^ The new Patravi TravelTec GMT a chronograph in stainless steel featuring l^; multiple time zone functions using a new single push-button mechanism is a perfect example of Carl F. Bucherer's unique philosophy. As an independent P RTTfWE'RPi'P family Business in Lucerne since 1919, our passion for
      142 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      87 1 ■SH^H S'POREARTS GENERAL MOTORS "^L^ CASINO AIR FRANCE j^fe^ 4 FESTIVAL Chapter 11 filing marks 3j|EL i USs2.lbCityof Jet, with 228 aboard, l/ll Watch them do end of an icon Jm*sM mJ&m Dreams opens in missing over Atlantic fIH the math page 19 pages 2,20 'WlSst i Macau page 4
      87 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      12 1 /.MWT \f y WHf Wm\'' PAGE 1 1 yx iS"» www.yml.com.tw X
      12 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon GM files for bankruptcy protection
      704 2 AP, Bloomberg Judge approves sale of Chrysler to Fiat, driving out more than 300 objections [NEW YORK] General Motors filed for bankruptcy protection yesterday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake
      AP,; Bloomberg; BLOOMBERG  -  704 words
    • Article
      Lock icon Chevrolet owners here need not fret
      379 2  -  YEN SREENIVASAN Despite bankruptcy process, GM stays committed to Spore By [SINGAPORE] Its parent in the United States may be going into Chapter 11 bankruptcy protection, but General Motors Overseas Distribution Corporation (GM ODC) has reassured the owners of its cars here that it
      379 words
    • Article
      Lock icon Fullerton to double Asian bond fund to US$100m
      416 2  -  OH BOON PING By [SINGAPORE] Fullerton Fund Management, which recently launched an Asian bond fund, aims to grow it to US$lOO million up from its current $50 million size within 12 months. This will come primarily from new capital raising over the
      416 words
    • Article
      Lock icon Consumer spending dips in April; savings rate surges
      275 2 -AP LATEST US DATA [WASHINGTON] Frugal US consumers trimmed spending in April although by less than expected as rising unemployment kept pocketbooks in check and motivated Americans to save. With income growth far outpacing spending, Americans' personal savings rate zoomed to 5.7
      -AP  -  275 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Temasek to plonk $437m into Olam
        71 2 TEMASEK Holdings is investing $437.5 million in 01am International, the listed commodities supplier said yesterday. Two wholly owned Temasek subsidiaries will pay $1.60 a share for about 273.46 million new shares in 01am or about 13.76 per cent of the post-issue share capital of
        71 words
      • Article
        Lock icon NOL primed to make major announcement
        88 2 NEPTUNE Orient Lines unexpectedly requested a trading halt yesterday pending an announcement that should be on its way this morning. The NOL board then retreated for a meeting until late last night even though the results were not disclosed. The developments, however, created a
        88 words
      • Article
        Lock icon GM files for bankruptcy protection
        63 2 GENERAL Motors filed for bankruptcy protection yesterday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. Meanwhile, Chrysler LLC won court approval late on Sunday to sell most of
        63 words
      • Article
        Lock icon US$2.1b City of Dreams opens in Macau
        60 2 MELCO Crown Entertainment has opened the US$2.l billion City of Dreams in Macau, possibly the biggest integrated entertainment resort to open in the world so far this year. And the world will be watching to see if it will be able to draw
        60 words
      • Article
        Lock icon Posco arm teams up with HG Metal, Novo
        73 2 THE distribution arm of top South Korean steelmaker Posco has teamed up with local listed steel stockists and distributors HG Metal Manufacturing and Novo Group in a joint venture to tap the offshore oil and gas market from Singapore. The venture, in
        73 words
      • Article
        Lock icon ST Aero will be at the top when recovery comes: chief
        78 2 ALTHOUGH the global airline industry is struggling through severe turbulence, established aviation engineering players with geographical spread and technological capabilities will survive the downturn and emerge stronger after an industry consolidation. And Tay Kok Khiang, the president of ST
        78 words
      • Article
        Lock icon Developers sell close to 1,200 homes in May
        67 2 DEVELOPERS sold an estimated 1,200 private home units in May, according to market watchers. This is comparable to the 1,207 units they sold in April, based on official Urban Redevelopment Authority numbers. A BT survey across nine developers as well as some
        67 words
      • Article
        Lock icon M'sian property prices may be recovering: survey
        49 2 DESPITE a property overhang and a slump in some upmarket areas, secondary-market prices for many projects in Malaysia have not fallen below launch prices, property consultants say. And an Internet survey suggests prices may be stabilising or even recovering. PROPERTY, PAGE 29
        49 words
    • Article
      Lock icon Auditors get their list of dos and don'ts
      497 4  -  LYNETTE KHOO Enhanced code of conduct spells out guidelines on independence By [SINGAPORE] Singapore's top regulatory body for public accountants yesterday issued an enhanced Code of Professional Conduct and Ethics. The new code, which takes effect on Aug 1, provides better guidance
      497 words
    • Article, Illustration
      Lock icon US$2.1b City of Dreams opens in gloomy climate
      589 4  -  ARTHUR SIM Project seen to be garnering USsl.4b in gross gaming revenues in 2010 By in Macau MELCO Crown Entertainment has opened the US$2.l billion City of Dreams in Macau, possibly the biggest integrated entertainment resort to open in the world so
      BLOOMBERG  -  589 words
    • Article
      Lock icon Air France jet, with 228 aboard, missing
      573 4 AP [SAO PAULO] An Air France jet carrying 228 people from Rio de Janeiro to Paris is missing after running into lightning and strong thunderstorms over the Atlantic Ocean, officials said yesterday. Brazil began a search mission off its northeastern coast. Chief Air
      AP  -  573 words
    • Article
      Lock icon Geithner allays fears over US deficits
      509 4 AP Chinese financial assets are safe, Treasury Secretary tells students in China [BEIJING] Treasury Secretary Timothy Geithner sought to assure America's biggest creditors yesterday that the Obama administration is committed to attacking soaring budget deficits. Facing sceptical students at China's prestigious Peking University, Mr
      AP  -  509 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      60 2 Prestigious Business Address Panoramic city. Fountain of Wealth and sea views Integrated ancillary business facilities Units from 900 sq ft to 27,000 sq ft available to meet diverse business needs Fitted out units available Ample car parking For leasing enquiries, please call: 6825 2845/6825 2835 Owner: REIT Manager: Property Manager:
      60 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      55 3 Independence. Personal commitment of the partners. One focus on asset management. Independent Asset Managers Family Office 1 I I Refreshing, isn t it? Geneva Lausanne Zurich Basel London <^.^fe Luxembourg Frankfurt Paris Madrid Barcelona -*&s(* T^IT/^"~m^ Turin Milan Rome Florence Dubai Singapore l^t Lv_yJ Hong Kong Tokyo Montreal Nassau 18
      55 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      177 4 Broadcast A sia2oD9 Gommunichsia2OO9 EntßrarlSßMT2oo9 intebhctivQTlEl 16-18 JUNE 19 JUNE 10.30am-6pm 10.30am-4pm Asia's largest, unparalleled one-stop platform offering the complete digital convergence experience EVENT HIGHLIGHTS Exhibition See new technologies with 175 product launches Meet leading suppliers from 1,900 exhibiting companies Network with senior level executives, trade professionals associates Key Exhibitors
      177 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article
      Lock icon Olam offers Temasek steady earnings stream
      791 5  -  CHEW XIANG JUST over four years ago, Temasek Holdings went through a Great Rebalancing. In March 2005, half of its assets were investments in Singapore; a further third was in OECD countries including Japan; and about a fifth in the rest of Asia. After
      791 words
    • Article, Illustration
      Lock icon Posco arm teams up with HG Metal, Novo
      518 5  -  VINCENT WEE The joint venture targets high-end steel products for the offshore oil and gas industry By THE distribution arm of top South Korean steel-maker Posco has teamed up with local listed steel stockists and distributors HG Metal Manufacturing and Novo Group
      518 words
    • Article, Illustration
      Lock icon ST Aero will be at the top when recovery comes: chief
      864 6  -  YEN SREENIVASAN Company's growth will come from existing businesses and acquisitions By ALTHOUGH the global airline industry is struggling through severe turbulence, established aviation engineering players with geographical spread and technological capabilities will survive the downturn and emerge stronger
      BLOOMBERG  -  864 words
    • Article
      Lock icon Addvalue slips into red as revenue plunges 46%
      375 6  -  ZEINAB YUSUF Write-offs, exchange loss also contribute to $2.81 m loss By SHARPLY lower revenues and write-offs combined to drag Addvalue Technologies into the red for the full year ended March 31, 2009. The group posted a net loss of $2.81 million,
      375 words
    • Article
      Lock icon LMIR Trust gets loan conditions extended
      423 7  -  LYNETTE KHOO By Loan facility also reduced to $125 m and tenure cut from five to four years THE manager of Lippo-Ma-pletree Indonesia Retail Trust (LMIR Trust), which last year obtained a $350 million term loan facility to finance the trust's purchase of Sun
      423 words
    • Article, Illustration
      Lock icon Midas mulls fourth production line
      317 7 Reuters SGX-LISTED manufacturing firm Midas Holdings said yesterday that it was considering building a fourth production line as it bids for more rail contracts in China. Patrick Chew, chief executive officer of Midas, told Reuters that the firm was targeting winning $200 million worth of
      Reuters; FILE PHOTO  -  317 words
    • Article
      Lock icon Jurong Shipyard gets injunction in rig dispute
      267 7 Anti-suit move to fight bid in US against Spore yard SEMBCORP Marine said yesterday that its wholly owned subsidiary Jurong Shipyard has obtained a court restraining order over a rig dispute. Jurong Shipyard has secured an anti-suit injunction restraining Norsk Tillitsman ASA, trustees
      267 words
    • COMPANY BRIEFS
      • Article
        Lock icon Fragrance sells commercial property for $2.9m
        88 7 FRAGRANCE Group has contracted to sell a commercial property at 101 Joo Chiat Road, Singapore, for $2.9 million. The freehold property has a total land area of 1,603 sq feet and a gross floor area of 5,929 sq feet. The sale is expected to
        88 words
      • Article
        Lock icon China Energy obtains 300m yuan refinancing
        101 7 CHINA Energy said it has entered into loan agreements with China Construction Bank Nansha Branch for new credit facilities of up to 300 million yuan (5563.5 million). As at Dec 31, 2008, and March 31, 2009, the company's wholly owned subsidiary, Jiutai Energy (Guangzhou)
        101 words
      • Article
        Lock icon Healthway secures 3-year police contract
        55 7 HEALTHWAY Medical Corporation has secured a three-year contract to provide medical services to the Singapore Police Force. The contract, which is worth $5.69 million, was won through a public tender. It will last from May 2009 to May 2011 with an option for renewal for
        55 words
      • Article
        Lock icon Transcu obtains $10m loan from CEO
        93 7 TRANSCU Group announced that it has signed an agreement with Akihiko Matsumura, its CEO and controlling shareholder, for an unsecured one-year loan of $10 million at an interest of 2 per cent per annum. "The Audit Committee of Transcu is of the view that
        93 words
      • Article
        Lock icon SingTel appoints lead independent director
        84 7 SINGAPORE Telecommunications said that Kaikhushru Nargolwala has been appointed as the lead independent director (ID). Mr Nargolwala has been an ID on the SingTel's board since Sept 29, 2006. The lead ID is appointed by the board to serve in a lead capacity to coordinate
        84 words
      • Article
        Lock icon Luzhou creates CEO position
        75 7 IN a move to strengthen its management team, Luzhou Bio-chem Technology has appointed Michael Cheah Peng Hock as chief executive officer, a newly created position. He will report to the group's founder Niu Jixing, who will be re-designated from his position as managing director to executive
        75 words
    • Article
      Lock icon Marco Polo Marine placement to raise $7.2m
      225 7  -  i NISHA RAMCHANDANI By MARCO Polo Marine is raising net proceeds of about $7.2 million through a proposed share placement of 20 million new shares at 37.5 cents each. In addition, Nautical International Holdings a substantial shareholder of the company will make available
      225 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      536 5 This announcement appears as a matter of record only. This document is for general information purposes only and is not an offer to sell or a solicitation of an offer to buy any product. Past performance is not indicative of future returns. vv O-11 on International Group Distributions During 2008:
      536 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      189 6 STRAITS TIMES. /f'-'C^V/^L^ 1®8 W^'^^^ Hy ...JHE BUSINESS JIMEJ' BUSINKSTIMES f" f 'JUl^jk^^^^^^^^f T^jk I M HT Ltfl^fi^Mß^Jy'^iP. J^^^F JHp Huntdownthe i^ IV """BflBT" Hum^pe, °TOTrim" %tree goody bag* worth over $5 when Ist 500 visitors get spending PK *r Bk lfc^^PS'%^^^^ you present this ad at the Buzz booth.
      189 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      74 7 Enjoy our newest destination at these irresistible prices Keep your eyes open for a spectacular natural phenomenon, where the sleepless sun awakes you. Fly with THAI from Singapore to Oslo 5 times weekly*, and experience the beauty of our legendary service. Take advantage of our special Premium Economy and Business
      74 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI surges on commodities play
      579 8  -  CONRAD TAN STOCKS Property developers, banks and other stocks with broad exposure to the economy propel the index 2.2% higher STOCKS here started the week and the new month on a buoyant note yesterday, as shares in commodity-relat-ed firms surged. The Straits Times Index (STI)
      Bloomberg  -  579 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      92 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 14 1 2 0 0 0 14 1 2 lanufacturing 122 28 46 14 13 136 35 59 Commerce 47 14 51 19 'pt/Stor/Comms 30 31 :inance 26 26 Construction 19 20 'roperties 41 41 lotels/Rsts
      92 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 82,997 82,997 183,373 183,373 lanufacturing 741,140 47,148 788,288 358,639 2,182 360,822 lommerce 431,116 3,813 434,929 197,132 298 197,430 'pt/Stor/Comms 354,996 1,944 356,940 381,703 388 382,091 :i nance 48,964 48,964 306,682 306,682 lonstruction 424,762 4,547 429,309 75,860 73 75,933 'roperties
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 8 lapitaLand 4.010 +0.210 lapitaMall 1.380 +0.050 jtyDev 9.800 +0.350 lomfortDelGrc 1.300 +0.010 losco Corp 1.380 +0.100 IBS Grp 12.100 +0.300 :&N 4.130 +0.160 ienting SP 0.735 +0.005 iolden Agri 0.440 +0.015 IK Land 3.550 +0.070 IMH 26.560 +0.960 ISH 14.500 +0.300 lardineC&C 17.160 +0.760 Ceppel Corp
      105 words
    • Article
      Lock icon BROKERS' TAKE
      268 8  -  CONRAD TAN Swiber Holdings June 1 close: $0,995 DBS VICKERS SECURITIES, June 1 SWIBER has raised net proceeds of $71.8 million from its placement of 84 million new shares, representing about 19.9 per cent of its previous issued capital, at $0.88 per share last Friday. The cash from
      268 words
    • Article, Illustration
      Lock icon Play on money flow, mid-cap rotation
      166 8  -  KEN TAI CHART POINT THE local bourse will continue to enjoy strong buying interest in the near term following the 2,283 double top break-out on the Straits Times Index last week. We believe that STI could overshoot to 2,463 before any correction sets in.
      166 words
    • Article, Illustration
      Lock icon US dollar under renewed pressure
      500 8  -  OH BOON PING CURRENCIES UNCLE Sam came under renewed pressure yesterday, as market optimism drove many global investors to pour their monies into Asian stocks. Yesterday, the Singapore dollar surged up to 1.4385 against the greenback and reached 1.4363 by evening, while the Indian rupee
      Bloomberg  -  500 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      58 8 Jun 1 VALUE CLOSE IT OB/OS 1291.00 +551. C IT CADI -*****.00 +336. IT 10-day MA -*****.00+129. TSE ST Mid Cap 548.02 +20.61 TSE ST Small Cap 470.08 +23.2' TSE ST All Share 584.40+14.8! TSE ST China Top 251.62 +9.7' TSE ST China 247.89+10.5: IOB Catalist 102.02
      58 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME UniFiber 163,315,000 Swiber 146,619,000 Gentinq SP 111,299,000 Mercator 91,809,000 Celestial 88,910,000 Abterra 83,955,000 Cosco Corp 72,132,000 Healthway 63,827,000 Golden Aqri 59,272,000 Bio-Treat 55,290,000 VALUE(S) Swiber 134,067,905 CapitaLand 121,031,830 SingTel 97,693,840 Cosco Corp 97,486,678 DBS Grp 93,845,166 Gentinq SP 81,935,710 SGX 70,839,340 UOB 70,510,098 Olam 61,976,320 OCBC
      53 words
    • Article
      Lock icon RISES
      101 8 CLOSE UP LD 10US$ 9666 178.2 1.3 iBS Bk6% NCPS 10 ***** 150.0 1. IMH 2656 137.9 3.: iMT 910 102.0 12.' China H 10US$ 1426 99.1 5.1 ;txpo ioo 1562 90.0 6.1 lardine C&C 1716 76.0 4.' 'hai Prime Fd 400 71.8 14. /xor Nasdai |100 10US 585
      101 words
    • Article
      Lock icon FALLS
      112 8 CLOSE DOWN 6758-241.4 -2.4 DBXT S&P Short 10US! Venture Cor| 691 -19.0 -2.7 MOIL 147 -18.7 -8.1 EasternEuro 374 -14.4 -2.6 in< lTel.ES.0906 294 -9.0 -3.0 Thailand 10US 356 -8.6 -1.7 in< iTel 293 -8.0 -2.7 M1 141 -7.0 -4.7 ilA 200 1260 -6.0 -0.5 in< )Tel 10 293
      112 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      84 8 Jun 1 CHNG CLOSE FRMay29 YR2009 S$ LOW S$ HIGH USS 1.4363 0.77 1.5579 1.4308 Euro 2.0441 -0.84 2.0732 1.9150 Pounds 2.3551 -1.28 2.3551* 2.0356 AS 1.1669 -1.82 1.1669 0.9453 Yen* 1.5172 -1.00 1.7278 1.4831 Rupiah* 0.***** 0.23 0.***** 0.***** Baht* 4.2145 0.06 4.3390 4.1040 Peso*
      84 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      85 8 KHB li:/WI TO TRADiiSliNGAPOfti: "^"QC!<3 VVI-■ f!-I Kfi Ci• 03 i^^^yR^0- ■•niinriF^^gSg The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for
      85 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article
      Lock icon Developers sell close to 1,200 homes in May
      660 9  -  KALPANA RASHIWALA Estimated number based on BT survey comparable to April figures; Frasers Centrepoint leads the pack By and EMILYN YAP DEVELOPERS sold an estimated 1,200 private home units in May, according to market watchers. This is comparable to the 1,207 units
      660 words
    • Article
      Lock icon More firms offer time and talent
      613 9 CORPORATE volunteerism is on the rise in Singapore, but companies need to spend more on headcount and training to develop volunteer management capabilities, industry players say. "In the past few years I've seen more interest in corporate volunteerism," says Lam Moy Yin, co-founder and
      613 words
    • Article, Illustration
      Lock icon Group set up to further build up established ties
      475 10  -  CHUANG PECK MING ASEAN-SOUTH KOREA SUMMIT Both sides consider open skies agreement to encourage aviation links, greater interaction Reports by in Jeju, South Korea AN Asean-South Korea Eminent Persons' Group has been set up to inject fresh momentum to Asean-Korea ties.
      WOO FOOK LEONG/LIANHE ZAOBAO  -  475 words
    • Article
      Lock icon Asean to work with S Korea on green growth
      486 10 They will join forces to research, develop alternative energy ASEAN leaders yesterday accepted South Korea's proposal to cooperate to push for low-carbon, green economic growth, according to an official statement released here. Their support came during the first session of the
      486 words
    • Article, Illustration
      Lock icon Take holistic approach towards climate change
      345 10 DEALING with the challenges posed by climate change involves big trade-offs and Trade and Industry Minister Lim Hng Kiang yesterday suggested some principles that should be followed to balance these trade-offs against economic and social imperatives. Take a holistic approach, invest in new technology
      345 words
    • Article
      Lock icon New training move draws 32 hotels
      240 10 A NEW initiative by the Food, Drinks and Allied Workers' Union (FDAWU) and the NTUC LearningHub (LHUB) garnered the support of some 32 hotels which signed a Memorandum of Understanding yesterday, reaffirming their commitment to training. This new initiative aims to train 8,000 workers
      240 words
    • Article
      Lock icon Decline in government-backed business loans
      212 10 THE number of governmentbacked business loans may have fallen for the first time since they were dished out last December. Minister of State for Trade and Industry and Manpower Lee Vi Shyan said that 993 loans totalling $567.7 million were approved in the first three
      212 words
    • Article
      Lock icon Singapore confirms 6th, 7th H1N1 cases
      243 10 SINGAPORE has confirmed its sixth and seventh cases of Influenza A (H1N1). Both sufferers have relatively mild symptoms and are in stable condition. The sixth case is a 36-year-old Singaporean man who visited Manila on a business trip. He returned to Singapore last Friday
      243 words
    • Article
      Lock icon China Huaneng seeks $2.25b refinancing
      392 10  -  RONNIE LIM Sum is bridging loan it's using in deal to buy Tuas Power By CHINA Huaneng Group, which bought Tuas Power for $4,235 billion in March last year, is in talks with several banks to refinance a bridging loan of $2.25 billion it used
      392 words
    • Article
      Lock icon Two top IMCB staff join US academy
      255 10 RENOWNED cancer geneticists Neal Copeland and Nancy Jenkins have been elected to the National Academy of Sciences in the US for their outstanding contributions to genetic research. Professor Copeland is executive director of A*star's Institute of Cell and Molecular Biology (IMCB). Professor Jenkins
      255 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Korean firm gets Bukit Timah tunnel job
        45 10 THE Land Transport Authority (LTA) has awarded a contract for Downtown Line 2 civil works to Korean company SKEC Singapore Branch. The $225.2 million contract is to design and construct tunnels between stations at Beauty World and Hillview.
        45 words
      • Article
        Lock icon CPF minimum sum adjusted
        109 10 FROM July 1, the CPF Minimum Sum (MS) will be raised from $106,000 to $117,000. This applies to CPF members who turn 55 between July 1, 2009 and June 30, 2010. The Medisave Minimum Sum (MMS) and Medisave Contribution Ceiling (MCC) will also be adjusted. From
        109 words
      • Article
        Lock icon Nominations open for environment awards
        58 10 THE President's Award for the Environment 2009 is open for nominations from June 5. Members of the public are invited to nominate individuals, organisations and companies that have contributed significantly to Singapore's efforts to achieve environmental and water sustainability. The closing date for nominations is
        58 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      333 9 CORPORATE SOCIAL RESPONSIBILITY "I Capita Land offers all confirmed staff three days' paid volunteer Jfi^_ Ss service leave each year, which m v-^ p^ they can use to do work to help m, *^c neec*y'tne under-privileged Jjjy^ N« y^^ i| or the environment. wj m S\l I s's c rs^
      333 words
Page thumbnail Page 10
Page thumbnail Page 11
  • SME Inc
    • Article, Illustration
      Lock icon Expanding in the recession
      1004 11 Eng Kong is looking for new land to grow its core business of container storage, reports JESSICA YEO ENG Kong Holdings is optimistic even during the recession. Irrespective of whether the economy is booming or is in the doldrums, its business involving integrated container services is
      YEN MENG JIIN  -  1,004 words
    • Article, Illustration
      Lock icon vTrium banks on advisory services
      538 11  -  JAMIE LEE By vTrium Energy is chasing the energy business in both the conventional and renewable space. Set up about two years ago, vTrium Energy offers advisory services on energy projects, including those in the power and oil-and-gas sectors. "(We) realised that there is niche
      ARTHUR LEE  -  538 words
    • Article
      Lock icon What it takes to be a winning E50 SME
      930 12  -  BARRY LEE COMMENTARY By Product innovation, staff empowerment and talent retention are among the common traits of such companies HAT characteristics define an Enterprise 50 (E5O) company as a good example of a winning small and medium enterprise (SME)? Strong business
      930 words
    • Article
      Lock icon THIS WEEK'S TOPIC
      24 12 How can a spirit of cooperation be forged among SMEs to help them compete on the global stage without govt assistance?
      24 words
    • Article
      Lock icon Collaborate and compete
      1425 12 John Koh Managing Partner Wealth Management Resource Centre I believe most SMEs currently venturing overseas are already evaluating possible cooperation with fellow SMEs. But finding a good business partner is difficult almost like finding a suitable spouse. A good business partner complements one's strengths and supplements one's
      1,425 words
    • Article, Illustration
      Lock icon A partnership to expand services
      838 13 Greenpac's strategic tie-up with CP Cases will widen the pool of potential customers the S'pore firm can target, says CHEN HUIFEN HOMEGROWN packaging solutions provider Greenpac will be expanding its services and product offerings to the defence, medical and broadcast industries following a partnership with
      JOSEPH NAIR  -  838 words
    • Article
      Lock icon Most counters make good gains
      402 13  -  TEH HOOI LING By SENTIMENT remains strong in the Singapore stock market, with many penny stocks enjoying healthy demand. Except for China Sky and China Essence, the stocks in our small-cap portfolio made significant gains. The biggest advance was by Hiap Seng, which surged almost
      402 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      1 11 I
      1 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      45 11 Call 6-594 7593 for more info or join our weekly demo class A SAS 70 Compliant status conferred to a service provider is a testimony that it meets international risk control standards to protect clients' data and confidentiality PAYDAY! Payroll Serve time to relax www.PayrollServe.com.sg
      45 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 3
      193 11 A member of yap psb Acader It's about keeping pace with a tumultuous business world. Equip yourself with updated knowledge and a prestigious MBA to move ahead in your career. PSB Academy and The University of Nottingham believe in bringing relevant learning to managers and professionals who are both discerning
      193 words
  • Page 11 Miscellaneous
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      272 12 IT for Non-IT Professionals Date: 15th June 09 (Mon) Time: 9.00 am 11.00 am (Registration starts at 8.30 am) Venue: 8 Wilkie Road #03-08 Wilkie Edge Who should attend: Singapore *****5 Finance Accounts HR and Admin Managers This seminar will equip non-IT professionals with basic IT terminologies as well as
      272 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      110 12 The topic for next week's SME Voices Column is: "Prime Minister Lee Hsien Loong has said that the government is willing to do more to help nurture local companies and make them globally competitive. This is also one of the key areas that the Economic Strategies Committee will be tasked
      110 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      555 13 IBM Blade Center f£7l Dynamic Infrastructure Without Compromise fr^' The New Generation IBM Blade Center HS22 Introducing the new generation IBM Blade Center HS22, powered by the Intel® Xeon® :S| 5500 series processor, with its breakthrough performance, energy efficiency and better control, it is a workhorse blade with breakneck speed
      555 words
Page thumbnail Page 14
  • ECONOMY WATCH
    • Article
      Lock icon Korea exports, imports fall more than forecast
      660 14 Reuters Exports' value per working day up in May, but growth slowest in four months [SEOUL] The value of South Korea's daily exports grew in May at the slowest pace in four months as Chinese demand sputtered, raising questions for investors trying to
      Reuters  -  660 words
    • Article
      Lock icon Abu Dhabi SWF says it will review long-term strategy
      390 14 Reuters [TOKYO] Sovereign wealth fund Abu Dhabi Investment Authority (ADIA), is reviewing its long-term strategy for possible changes in the wake of the global financial crisis. Several sovereign wealth funds in the oilexporting Gulf have suffered heavy losses on equity investments
      ■ Reuters  -  390 words
    • Article, Illustration
      Lock icon Britain's recession easing as PMI rises
      484 14 AP, Reuters [LONDON] The recession in Britain's manufacturing sector eased for the third month running in May, a closely-watched survey found yesterday, stoking hopes that the wider economy may start to recover in the second half of the year. In its monthly survey of
      AP, Reuters; BLOOMBERG  -  484 words
    • Article
      Lock icon BRIC grouping unhappy with crisis response
      447 14 Reuters They will seek alternative solutions during summit [MOSCOW] Brazil, Russia, India and China will seek alternative solutions to the global economic crisis and are dissatisfied with the way that developed countries have focused on helping the financial sector, a senior Brazilian official said
      ■ Reuters  -  447 words
    • Article
      Lock icon US May jobless rate seen passing 9%
      354 14 Bloomberg [NEW YORK] Unemployment in the US probably surpassed 9 per cent last month for the first time in more than 25 years, underscoring forecasts that the economy will be slow to pull out of the worst recession in half a century, economists
      ■ Bloomberg  -  354 words
    • Article
      Lock icon Steepening US Treasury yield curve a puzzle for Fed
      773 14 -Reuters ANALYSIS Bernanke testimony on economy today may provide a clue [WASHINGTON] The Federal Reserve is studying significant moves in the US government bond market last week that could have big implications for the central bank's strategy to combat the country's
      -Reuters  -  773 words
Page thumbnail Page 15
  • GREATER CHINA/INDIA
    • Article
      Lock icon Domestic demand pushes India manufacturing to 8-month high
      743 15 Reuters, Bloomberg Exports down 33.2% in April, the biggest drop in 14 years [MUMBAI] Manufacturing activity in India expanded for a second straight month in May to its highest in eight months, a survey showed, reflecting a revival in domestic demand that
      Reuters, Bloomberg  -  743 words
    • Article
      Lock icon 'Untouchable' set to make history in India
      274 15 -AFP Meira Kumar is expected to become Ist woman speaker [NEW DELHI] India's newly elected Parliament began its inaugural session yesterday with lawmakers set to elect the country's first ever woman speaker, who is also an "untouchable" Dalit. Veteran and first-time MPs, including
      -AFP  -  274 words
    • Article
      Lock icon Export orders help China's manufacturing sector expand
      577 15 Reuters Official PMI for May down but shows expansion for a third straight month [BEIJING] China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed yesterday, adding to tentative signs that the world's third-largest economy is
      Reuters  -  577 words
    • Article, Illustration
      Lock icon Chinese companies expand into game development
      579 15 Reuters [BEIJING] Flush with cash from initial public offerings (IPOs) and a lucrative online game operating business, Chinese companies are trying to expand into game development, breaking free from their dependence on foreign titles and boosting incomes. After long relying on foreign hit games
      Reuters; BLOOMBERG  -  579 words
    • Article
      Lock icon China explains energy-growth data mismatch
      293 15 AFP [BEIJING] China defended its economic data yesterday after the International Energy Agency (lEA) questioned the consistency between the nation's growth rate and its falling energy demand. Critics have said the country's growth does not match up with its weakening oil and electricity demand. But
      AFP  -  293 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      132 15 tLXTU-"fS copy from any l T i c Spinelli outlet at SB $5.50 and get a complimentary »Bi Spin or Latte! CHALLENGES AND OPPORTUNITIES The June issue of Pulses is out! Find out what challenges and opportunities await the oil industry in the cover story. This issue also includes a
      132 words
Page thumbnail Page 16
  • MALAYSIA
    • Article
      Lock icon 'Sell' call on M'sian bank exposed to CLOs
      542 16  -  S JAYASANKARAN Alliance Finance's case may mirror the predicament many banks could be in By in Kuala Lumpur A LOCAL securities house has called a "sell" on the shares of Alliance Finance Group, one of Malaysia's smallest banks, partly on fears about
      542 words
    • Article, Illustration
      Lock icon Najib's poll ratings edge slightly higher
      298 16 Reuters [KUALA LUMPUR] The ratings of Malaysia's new prime minister, Najib Razak, edged slightly higher according to a poll published yesterday, although fewer than half of voters who responded said he was doing a good job. Mr Najib's poll rating climbed one percentage point
      Reuters  -  298 words
    • Article
      Lock icon Islamic banking needs better regulations
      695 16 Reuters Current opaque framework could be masking trouble [KUALA LUMPUR] As Western regulators stress test top banks, Islamic finance wants to broaden its regulatory approach and improve disclosure rules amid concerns that unhealthy banks may have slipped under the radar. Few Islamic financial firms have
      Reuters  -  695 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      93 16 Mine opportunities from The Asia One Network's J£ extensive market database of over half a million > and leverage on our suite of award-winning websites. With such a potent combination of H expertise, we're poised to help you create J^ a blast and maximise the impact of your marketing message.
      93 words
Page thumbnail Page 17
  • ASIA-PACIFIC
    • Article
      Lock icon US banks steel for tighter regulatory measures
      591 17 -NYT Looming fight marks beginning of a broader debate over sector's future [WASHINGTON] As the financial crisis entered one of its darkest phases in October, a handful of the largest US banks began holding daily telephone sessions. Murmurs were already emanating from Washington
      -NYT  -  591 words
    • Article, Illustration
      Lock icon Crude hits 7-month high on China industrial growth
      626 17 Bloomberg Oil climbs after US dollar falls to its lowest against euro since December [LONDON] Crude oil rose to the highest since November as China's manufacturing expanded for a third month, signalling that fuel demand in the world's sec-ond-biggest energy consumer may
      – Bloomberg; AP  -  626 words
    • Article
      Lock icon Topix's valuation masks falling profits during steep rally
      460 17 Bloomberg [TOKYO] The steepest rally in the Topix index in 56 years has turned Japanese stocks into the world's most expensive equities. Not for long, say hedge-fund managers betting the recession will prevent earnings from rebounding. Bridgewater Associates, Highbridge Capital Management and
      – Bloomberg  -  460 words
    • Article
      Lock icon Nuclear-armed N Korea unacceptable
      231 17 Reuters [TOKYO] The United States and Japan yesterday agreed that they cannot accept a nuclear-armed North Korea, saying that they are deeply concerned about recent "destabilising" actions by the isolated communist state. "We absolutely cannot accept that North Korea will have nuclear weapons," Japanese Vice-Foreign Minister
      – Reuters  -  231 words
    • Article
      Lock icon UK Treasury chief denies expenses abuses
      416 17 AP, Reuters [LONDON] Alistair Darling, Britain's Treasury chief, anxious to avoid becoming the next casualty in the furore over lawmakers' expenses, promised yesterday to repay a disputed claim after a newspaper alleged he sought allowances on two homes at once. The Daily Telegraph newspaper
      AP, Reuters  -  416 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      28 17 ft V©#™l M.^lJi^nllfl Lianhe Zaobao Hong Urn Food Centre I HP^^^^^^^ will be upgraded HNbV Half of Its hawkers wMß^^w^l will move to LV^ $^> ljl BBBHBJH llODiy'S BEST
      28 words
Page thumbnail Page 18
  • COMMODITIES BOOM
    • Article, Illustration
      Lock icon The fastest rise in 24 years
      1847 18 Bloomberg Surge driven by manufacturers rebuilding inventories across the board to prepare for an economic rebound [NEW YORK] MANUFACTURERS preparing for an economic rebound are rebuilding inventories of everything from benzene to plywood, sparking a commodities rally that Goldman Sachs Group says will produce
      Bloomberg; REUTERS; AP graphic  -  1,847 words
    • Article
      Lock icon Pensions put commodities on back burner
      291 18 Reuters Inflation, low prices keep them from raising exposure [NEW YORK] Pension funds that helped fuel the commodities bull run for years with outsized allocations have done little during this year's rally as subdued inflation made a less compelling case for them to raise
      Reuters  -  291 words
Page thumbnail Page 19
  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Watch them do the math
      485 19 Seven Boards of Tricks works with mathematical rules to magnify the game of Tangram, says AMANDA DE GUZMAN LIKE Sutra, an earlier cross-cultural work in the Arts Festival repertoire which featured Shaolin monks moving to the beat of a Belgian choreographer, Seven Boards of Tricks
      485 words
    • Article, Illustration
      Lock icon A riotous, rib-tickling, salsa-loving show
      455 19  -  CLARISSA TAN By PELTING people with eggs is a slapstick staple almost as old as eggs themselves. But somehow, when the trio from Ole! The Latin Music Comedy Explosion does it, it seems fresh and rib-ticklingly funny. Adults roar with laughter, children giggle uncontrollably, grannies
      455 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      356 19 A WATS I S UNIONMET (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore on 21 July 2004) (Company Registration No. *****9104W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of Unionmet (Singapore) Limited (the "Company") will be held on Thursday, 18 June
      356 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      671 19 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE COMPANIES ACT (CAP. 50) Singapore\ AND Bowling IN THE MATTER OF SALZER CONSULTING PTE. LTD. SINGAPORE BOWLING FEDERATION (in creditors- voluntary liquidation) HgpHpppppppH|pppKp||ppp|KpppKgpK COMPANY REGISTRATION NO. *****8501Z HL^^^^^^^^Zj^^^^^j^^^^^^^^j^^^^^^^^^^^J Notice is hereby given that at an extraordinary general meeting of
      671 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon No conclusive evidence of China's recovery
      472 20 FURTHER hints of an economic recovery in China emerged yesterday, when the world's third-largest economy announced that its key manufacturing sector expanded for a third month. With China being the only one of the world's five biggest economies still expanding and seen as a
      472 words
    • Article, Illustration
      Lock icon The end of an American icon
      1209 20  -  MICHELINE MAYNARD -NYT GM's strengths became weaknesses, and it lost its ability to read the market By IT IS a company that helped lift hundreds of thousands of American workers into the middle class. It transformed Detroit into a symbol of the industrial prowess
      -NYT; AFP  -  1,209 words
    • Article, Illustration
      Lock icon Good luck with your Japanese stocks
      840 20 Bloomberg THE BOTTOM LINE JAPAN is booming, hot, going places, an oasis from the global crisis. One might be excused for believing that's true with a cursory look at the stock market. The Nikkei 225 Stock Average has jumped 30 per cent in the
      – Bloomberg  -  840 words
    • Article, Illustration
      Lock icon Policy response to 'Great Recession'
      1566 21  - Policy response to 'Great Recession GERARD LYONS The fiscal and monetary policy measures taken so far have been impressive but there is further to go By THIS is not the Great Depression. But it has been called a Great Recession. It certainly is a deep crisis the outcome of which
      BLOOMBERG  -  1,566 words
    • Article, Illustration
      Lock icon Everybody loves Barack Obama
      870 21 The Washington Post Writers Group THE Obama infatuation is a great unreported story of our time. Has any recent president basked in so much favourable media coverage? Well, maybe John Kennedy for a moment; but no president since. On the whole, this is not healthy for
      The Washington Post Writers Group; AP  -  870 words
Page thumbnail Page 21
Page thumbnail Page 22
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Middle East airlines reach for the sky
      899 22 -AP But veterans raise doubts over rapid capacity expansion, rising competition [DUBAI] Arab sheikdoms eager for higher international profiles are ratcheting up their aviation race despite the global economic slump. Yesterday, Dubai was set to launch its second gov-ernment-run airline the third major
      -AP; AFP  -  899 words
    • Article
      Lock icon ST-Airport bags Seletar park fuel deal
      422 22  -  YEN SREENIVASAN By ST-AIRPORT Services has clinched a new contract from the Civil Aviation Authority of Singapore to be the sole fuel depot operator at the new Seletar Aerospace Park (SAP). The company which is majority controlled by Toll Asia Pte Ltd and with
      422 words
    • Article
      Lock icon 2,000 leave cruise ship caught in flu scare
      223 22 AFP [SYDNEY] Australian authorities yesterday let 2,000 people leave a cruise liner at the centre of a swine flu scare that left them stranded at sea for days, as the nation's number of cases jumped to 306. Passengers and crew streamed off
      AFP  -  223 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2638 22 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
      2,638 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      127 22 BT/ZUJI Deals of the Week DEAL OF THE WEEK ECONOMY CLASS (fr HOTEL (frs) BUSINESS CLASS (frs) Munich $1,247 $120 $3,847 QatarAirways QatarAirways DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS WEATHER (frs) (frs) (frs) Bangkok $203 (JelstarAirways) $27 $462 (Cathay Pacific) Rain Colombo $536 (SingaporeAirlines) $105 $981 (MalaysiaAirlines) .^V Cloudy Hong
      127 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      337 22 CRYPTIC CROSSWORD I Used to endorse promise of marriage (6-4) 6 Lunatic shot back (4) 8 Tree worker needing trees (8) 8 9 Singular origin of neglect in m^ Lbh mh Lbh La^ mm French house fire (6) I 1 How often do you see a lord embraced by two
      337 words
Page thumbnail Page 23
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8837 23 Transaction date: Jun 1 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil >ari] 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8.5 1 1100 AEM 22 7 2101 APOil 72 26.5
      8,837 words
    • Article
      Lock icon SGX CATALIST
      1686 24 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 3.5 0.5 1501 s Advanced System 10.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 17.9 2 1524 t Alantac 19.5 3.5 7814
      1,686 words
    • Article
      Lock icon SGX ETF
      380 24 52-Wk Tel h Low Code Last Sale Vol COOP) Day Last Quote ih Low Buyer Seller Div GrYld Cvr Net P/E MCap Smil Hii Comi Hii 109 100 6389 ABF SG Bond ETF 109 934 427 CIMBAsean40 100US$ US619 242 149 DBS STI ETF 100 242 +7 2510
      380 words
    • Article
      Lock icon CLOB INTERNATIONAL
      258 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      258 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9490 24 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.817/ AIGIF Spore Bond Fund/ A 1.252/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.93/ APS Alpha Fund (USD)!** 0.64/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5016/ APS Komaba
      9,490 words
  • Page 23 Advertisements
Page thumbnail Page 24
Page thumbnail Page 25
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      383 25 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change May 29 World Index Preliminary 696.9 0.2 2.8 0.5 5.1 1.0 4.1 t EAFE Preliminai 671.3 0.4 3.4 1.4 6.8 1.8 6.! Euro[ Prelim inan
      383 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      117 25 As at 9am Jun 1 )i foreign currency: lurrencies Bid Offer »jst dollar 1.1430 1.1770 .an dollar 1.3120 1.3270 luro 2.0220 2.0450 IZ dollar 0.9130 0.9330 iterlini ind 2.3190 2.3450 JS dollar 1.4330 1.4500 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi
      117 words
    • Article
      Lock icon INTERBANK RATES
      156 25 Jun 1 fer )vernight 1/16 I-month 7/16 '-months 9/16 S-months 11/16 Overnight mode: 0.03 JS$ Offer 3?16 5/16 7/16 BJd 1 days I month > months 3 months d months months 12 months tAu 0.32 0.42 0.70 0.85 1.10 1.90 2.00 Offer 0.22 0.32 0.40 0.55 0.80 1
      156 words
    • Article
      Lock icon STOCK INDEX FUTURES
      11 25 Jun 1 STI ;iMSCI Jun 280.0 288.4 287.3
      11 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jun 1 S! Bid Offer 1-month 1.4366 1.4382 2-months 1.4366 1.4381 3-months 1.4365 1.4381 6-months 1.4364 1.4381 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      61 25 Jun 1 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low lun 09 2667 lul 09 2642 <\ug 09 2609 5ep 09 2600 Total o/p: ***** contracts 2680 2690 2660 2659 2671 2625 2625 2647 2594 2620 2635 2589 Turnover: ***** Market tone:
      61 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      283 25 Jun 1 URODOLLAR FUTURES unO9 iepO9 DecO9 VlariO 99.3425 99.2600 99.0500 98.8950 6032 6629 5124 3519 EUROYEN TIBOR FUTURES unO9 99.445 99.450 iepO9 99.535 99.535 DecO9 99.550 99.550 VlariO un10 iep10 DedO Vlar11 99.445 99.530 99.550 99.450 99.535 99.545 99.525 99.490 99.410 99.365 99.280 39 ***** 5132
      283 words
    • Article
      Lock icon SICOM FUTURES
      193 25 Jun 1 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l (lots) ul 09 175.1 \ugO9 176.0 iepO9 176.0 DctO9 175.0 \lov09 176.0 Dec 09 175.0 175.1 176.0 175.0 175.0 175.0 175.0 175.1 176.0 176.0 175.0 175.0 175.0 20 30 30
      193 words
    • Article
      Lock icon INTERBANK CROSS RATES
      447 25 Jun 1 iuro 'en (on 'eso lam 'ouni wstralia 0.878 5.537 0.570 6.287 38.057 82.976 0.769 10.035 2.818 1.250 65.841 38.185 1.166 6.434 0.863 26.149 27.663 0.495 0.811 :anada 1.139 6.308 0.650 7.163 43.356 94.530 0.876 11.433 3.210 1.424 75.009 43.502 1.328 7.330 0.983 29.790 31.515 0.564
      447 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 25 Jun 1 'eriod Issue code Maturity Yesterday's Bid Hi. Day's |h Low I-Month BQ*****N 03.09.09 -Year BY*****W 03.05.10 0.20 0.33 0.18 0.15 3OVERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year N*****0E 3.125 I-Year NX*****F 3.625 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      89 words
    • Article
      Lock icon SIBOR
      68 25 Jun 1 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • Article
      Lock icon PRECIOUS METALS
      137 25 Jun 1 /oz) lay lun long Kong .ondon 967.70 982.00 968.70 983.00 May 28 May 29 961.80 978.00 962.80 978.80 Source: Thomson Reuters CAST BAR (S$) Jun 01 Buying Sellim Kilobar "48,481.70" ***** PAMP GOLD BARS (S$) Selling Buying gm jgm Ogm !0gm JOgm OOgm oz ozUBS Kinebar™
      137 words
    • Article
      Lock icon CHICAGO BOT
      97 25 May 29 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1184.00 1179.00 1193.00 1175.25 Aug 09 1148.50 1140.50 1153.00 1137.50 Sep 09 1096.50 1088.00 1101.00 1085.75 Nov 09 1062.50 1053.00 1065.00 1050.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low lul 09 39.05 37.81 39.10 37.70
      97 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS May 29 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 65.57 1.51 WTI (Near Mth) 66.37 1.53 Dubai (1-Mth F) 63.86 2.75 Tapis blend 67.80 2.65 Minas 67.60 2.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S3.55 S9.40 4.83 2.50 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      152 25 Jun 1 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: 0.8112 Australian dollar 1.1652 1.1667 0.8110 Canadian dollar 1.3273 1.3292 0.9239 0.9242 iuro 2.0424 2.0451 1.4216 1.4220 IZ dollar 0.9323 0.9337 0.6489 0.6492 Sterlinc 2.3526 2.3555 1.6375 1.6378 IS dollar 1.4367 1.4382 >$IUS$
      152 words
    • Article
      Lock icon LONDON METALS
      62 25 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1406.50 months 1440.00 1381.25 1415.00 Copper, Grade A (US$/tonne) :ash months 4815.75 4830.00 4737.00 4750.00 .ead (US$/tonne) :ash 1555.50 months 1570.00 1466.00 1478.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 inc, Specia
      62 words
    • Article
      Lock icon LIFFE COCOA (£/tonne)
      71 25 May 29 lose 'rev ■OW Jul 09 1693 1703 1732/1693 SepO9 1693 1706 1729/1693 Dec 09 1683 1691 1713/1684 Mar 10 1681 1687 1708/1681 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1540 1491 1541/1515 SepO9 1546 1523 1547/1528 Nov09 1560 1535 1560/1544 SUGAR (US tonne) White Close
      71 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2507 25 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 4 -1 511 >036AdvanceSCTW*****9 0.5 susp 3092 Asia Environment W*****4 0.5 1481 Asia Water Tech W*****0 18.5 5816 #Asiasons Capital W*****7 5 0.5 17 !756# Asiatic Grp(H) Ltd
      2,507 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      2603 26 m The Business Times Shipping Times ■^SJ^^^B^^^^HH^^BHlH Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE ttllUMf CtltllVflflll Destination Destination Vllvl V Wfllllll UlHl STXPOTBN RTM/ANR/TIL AURORA SAPPHIRE NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I dill vl I I 118 If A wll I™ 0 UdjjW
      2,603 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      4458 27 WSSM El El HrFT EASTERN CAR LINER, LTD frraMfri'ijicminn ll—-____- SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS J^^J lllllllllUlllllllllllil^^^^M 111 mp(KT) I Liltina(KT) I MUA I SIN I PKL I JKT I BTL I LCB I TOY !TA !TD IstiMn PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA
      4,458 words
Page thumbnail Page 28
  • PROPERTY
    • Article, Illustration
      Lock icon Momentum spurs series of project launches
      477 28  -  EMILYN YAP But consultants warn that the buying drive may not be sustainable By STRIKING while the iron is hot, more developers big and small are riding on buying momentum to relaunch or spur interest in their properties. Hoi Hup Realty has soft-launched the
      477 words
    • Article, Illustration
      Lock icon House prices stopped falling in May
      530 28 Bloomberg UK PROPERTY [LONDON] UK house prices stopped falling in May for the first time in 20 months, adding to evidence that the property market slump is abating, a survey of real estate agents by Hometrack Ltd showed. Average prices in England and Wales
      – Bloomberg; AP  -  530 words
    • Article
      Lock icon London luxury homes prices fall 20% in May
      630 28 Bloomberg They may not return to their 2008 highs for another five years: Knight Frank [LONDON] London luxu-ry-home prices fell about 20 per cent in May from a year ago and probably won't return to their 2008 highs for another five years,
      Bloomberg  -  630 words
    • Article
      Lock icon Berkeley falls as Saudi shareholder has accounts frozen
      416 28 Bloomberg Implications for the UK homebuilder may be limited, says an analyst [LONDON] Berkeley Group Holdings pic, the UK's largest homebuilder by market value, fell in London trading after the Saudi billionaire chairman of its largest shareholder had his accounts frozen. Saudi
      Bloomberg  -  416 words
    • Article
      Lock icon M'sian property prices may be recovering: survey
      664 29  -  PAULINE NG Outlook index rises to -36% in April from its early-March low of -58% B Y in Kuala Lumpur DESPITE a property overhang and a slump in some upmarket areas, second-ary-market prices for many projects in Malaysia have not fallen below launch
      664 words
    • Article, Illustration
      Lock icon Tesco pushing ahead with China shopping malls
      286 29 Bloomberg [HONG KONG] Tesco pic, the biggest UK retailer, will spend an average 500 million yuan (*****.9 million) on each of four shopping centres it will open in China this fiscal year as it seeks to tap the Asian country's rising retail sales.
      Bloomberg; AFP  -  286 words
    • Article
      Lock icon Nomura Real Estate to raise 64.1b yen
      225 29 Bloomberg [TOKYO] Nomura Real Estate Holdings Inc, an arm of Japan's largest securities company, plans to raise as much as 64.1 billion yen (*****.5 million) from the sale of new shares for investment in housing development. The company will sell 36 million new
      Bloomberg  -  225 words
    • Article
      Lock icon Dubai developer takes on additional operations
      118 29 ■AP [DUBAI] Dubai is merging control over a sprawling complex of partially built high-rises into the struggling developer behind the city-state's palm-shaped islands. The move comes as the government tries to get its skidding property market under control. The property developer Nakheel and a
      ■AP  -  118 words
    • Article
      Lock icon Hong Kong property warms up
      616 29 Reuters May 1-26 home sales of 11,000 units were the highest since February 2008 [HONG KONG] Hong Kong real estate has shown early signs of regaining its status as hot property, with a new development getting a warm reception. But, where some experts see recovery,
      – Reuters  -  616 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      88 28 ZAP HERE for the latest I J P~Pdates! To Zap*: 1. Install the ColorCam™ software in your mobile phone by a. typing the word 'Zap sms ***** (Post-paid subscribers) or 9741 9401 (Pre-paid subscribers) b. typing "zapcodesg" in the web browser of your handset 2. Trigger the ColorCam™ software (located
      88 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      57 29 iB?Mtl)""--" -LriTa^-ii.-^- 11^^^ -™asswisp*BßE^J^^^^^^^^^^^^artisfs impression-1 Prominent Corporate Image, Business-One (Industrial and Showroom) Space for Lease Efficient Layouts with functional Built-in Features and Facilities Directly next to the future Tai Seng MRT Station (Circle Line) Easy Access to KPE ECP CTE PIE Building Naming Right to Anchor Tenant s Close proximity
      57 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      148 29 WE WANT TO BUY/ RENT Hm Land Area 160,00*0 sqft [11 fif WAREHOUSE: l\ Land Area 200,000 sqft W] j Building Area 100,000 sqft Jurong Woodlands 1 ■ra TOKIO PROPERTY SERVICES PTE LTD US 6737 5187ToruTakano: 9670 0285 Evelyn: 8223 5638 Location Tuas vicinity Description 3-storey warehouse with ancillary office
      148 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 3
      141 29 We Are The Property Arm Of A SGX-Listed Company With Diverse Interests In Retail, Property And Financial Businesses. We are looking for residential and/or commercial sites suitable for redevelopment, including vacant land, old houses, shophouses, enbloc properties, conservation houses and buildings. We are willing to offer reasonable prices for suitable
      141 words
Page thumbnail Page 30