The Business Times, 5 June 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg SfCi A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, June 5,2009
    20 words
  • 625 1  -  EMILYN YAP KPMG scraps OT compensation; some other Big Four firms may follow suit By [SINGAPORE] For young auditors beavering away late into the night, consolation has often come in the form of what the industry not one particularly known for its
    625 words
  • 914 1  -  CONRAD TAN Signals that more pain lies ahead may also spell strain for the labour market By and TEH SHI NING [SINGAPORE] Stocks here fell yesterday after more officials warned of a lengthy slog to recovery in the global economy, prompting concerns among some
    914 words
  • MARKETS DIGEST
    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.331 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: I
      Bloomberg  -  30 words
    • 47 1 lursi lay lange 1 COMP 1,063.97 +8.57 IIKKEI225 9,668.96 -72.71 1ANG SENG 18,502.77 -73.70 ;et index 593.60 +11.35 JAKARTA COMP 2,032.71 +21.80 1ANILA COMP 2,494.24 +23.05 ;eoulcomp 1,378.14 -36.75 ;henzhenb 456.99 -5.77 IUMBAI IND 15,008.68 +137.78 12 noon EDT Change )OW 8,682.28 +7.00 IASDAI 1,831.41 +5.49
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    • 45 1 IS$ (S$ ier US$) 1.440 (us$/ss il 1.639 2.360 :uro :us$/s$/e; 1.423 2.049 Forei' in curreno ier US$ 1$ 'EN 96.30 66.90 3.491 2.425 IK$ 7.752 5.385 !AHT 34.13 23.71 lUPIAH 10,060 6,988 lENMINBI 6.833 4.746 INDIAN RUPEE 47.12 32.73 1.237 0.859 1.568 1.089
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 69 1 PROPERTY MWpillM ARTS FEST CELEBRITIES ~sM\ BOOKS HDB upgraders buy Be p P F Electra- Angelina Jolie is New strain more private homes 5Jj constantly evolving the most powerful t^ of vampires EXECUTIVE LIFESTYLE New malls UP4 **> Ik "^"T~ court unique Jw JJ I PAGE 26 fcr^ 4 What
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  • TOP STORIES
    • 685 2  -  KALPANA RASHIWALA They comprised more than half of those who bought private homes in Q1 By [SINGAPORE] The first quarter of this year saw a major trend reversal. HDB upgraders bought more private homes than those already living in private properties. Fifty-six
      URA Realis, DTZ Research May 2009  -  685 words
    • THREE-MINUTE DIGEST
      • 61 2 SINGAPORE stocks fell yesterday after more officials warned of a lengthy slog to recovery in the global economy, prompting concerns among some investors that the recent market rally is in danger of fizzling out. The suggestion of a prolonged downturn ahead could also lead
        61 words
      • 71 2 FOR young auditors beavering away late into the night, consolation has often come in the form of what the industry not one known for its sense of humour calls Toil, or time-off in lieu for working overtime. Now, even that may be
        71 words
      • 65 2 THE first quarter of this year saw a major trend reversal. HDB upgraders bought more private homes than those already living in private properties. In Ql, 56 per cent of caveats for private home purchases were lodged by buyers with HDB addresses,
        65 words
      • 71 2 AVIATION insurance has become more costly in the last few months and the recent Air France plane accident may just cause the market to harden further. In a study, insurance broker Willis noted that airline insurance rates had increased in both April and
        71 words
      • 52 2 AN anti-piracy group is getting up close and personal to stamp out the use of illegal software by local businesses. From Monday next week, the Business Software Alliance will start making house calls on companies suspected of flouting their software licensing agreements. TOP STORIES,
        52 words
      • 64 2 SHARES of Keppel Corporation took a beating yesterday on news that one of its customers Skeie Drilling and Production could be facing bankruptcy if a proposed restructuring fails to take off. Keppel shares dropped to as low as $6.90 in intra-day trading before
        64 words
      • 74 2 OIL-AND-GAS services provider KS Energy yesterday announced a rights issue of warrants to raise up to $18.2 million for working capital purposes. It is looking to issue up to 92,747,104 warrants at the rate of one warrant for four ordinary shares held at
        74 words
      • 64 2 THE recovery in private home purchases in the primary market (developer sales) has rippled over to the secondary market. The number of resale private apartments and condominium units that changed hands in April this year alone was 817, almost the same as the 853 resale
        64 words
      • 62 2 THE US Justice Department is investigating possible pacts by big tech businesses not to poach one another's talent, a tech industry source said. Google, Yahoo, Apple and biotech company Genentech, now owned by Roche Holding, have received notices that the Justice Department
        62 words
    • 566 2  -  ANTHONY ROWLEY By in Tokyo BANK of Japan (BOJ) governor Masaaki Shirakawa yesterday joined US Federal Reserve chairman Ben Bernanke in warning about the growing danger of bond markets rebelling against financing the huge debts that leading governments are running
      REUTERS  -  566 words
    • 485 2  -  SIOW LI SEN Its cardholders get up to $1,000 a year in $6m programme By [SINGAPORE] What credit cardholders want most of all is cold, hard cash. The latest to give it to them is Maybank Singapore, which is offering to pay cardholders up
      485 words
    • 392 2 AP LATEST US DATA [WASHINGTON] The number of people on the unemployment insurance rolls fell slightly last week for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said yesterday. The report provides a glimmer
      AP  -  392 words
    • 143 3 TEMASEK Holdings has hit a perfect score on a transparency index for sovereign wealth funds (SWFs) in the first quarter of this year. It earned 10 points on the latest Linaburg-Maduell transparency index, sharing the honour with Ireland's National Pensions Reserve Fund, America's
      143 words
    • 374 3  -  WINSTON CHAI Its auditors will make house calls on those in suspect list By [SINGAPORE] An anti-pira-cy group is getting up close and personal to stamp out the use of illegal software by local businesses. From Monday next week, the Business Software Alliance
      374 words
    • 553 3  -  EMILYN YAP Air France plane tragedy could fuel premium hikes following increases in April, May By [SINGAPORE] When it rains, it pours. Aviation insurance has become more costly in the last few months and the recent Air France plane accident may just cause
      553 words
    • 330 3  -  TEH SHI NING Annual salaries now expected to fall 6-21% this year By [SINGAPORE] The government announced yesterday that civil servants will not be getting any mid-year bonus this year, given the uncertain economic outlook. Annual civil service salaries are now expected to fall
      330 words
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    • 177 3 it's So Good, it's Sold Out! y\ N The has become a sensation. Thank you! X^l /7N m A Designed by Toshiyuki KITA fc^<^^^^^^^B MV^uS B v Dream home family well-being So popular, it's been sold out shortly after its introduction in Singapore. A phenomenon f The Wood's Ist n
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  • COMPANY NEWS
    • 330 4  -  NISHA RAMCHANDANI Counter recovers to end 2.75% lower as market waits for developments By SHARES of Keppel Corporation took a beating yesterday on news that one of its customers could be facing bankruptcy if a proposed restructuring fails to take off. Keppel shares
      330 words
    • 405 4  -  WINSTON CHAI By SINGAPORE Telecommunications' stake in Bharti Airtel could be slashed by up to 10 percentage points or more if the latter's merger with the MTN Group comes through but industry observers say the Singapore operator might be willing
      405 words
    • 285 4  -  LYNETTE KHOO By YANTAI Raffles Shipyard, a builder of semi-submersi-ble drilling rigs in China, has posted a 25.1 per cent fall in net profit to $26.9 million for the fiscal year ended Dec 31, 2008. Production of vessels and rig building projects under
      285 words
    • 449 4  -  OH BOON PING Having a long-short equity long-bias focus pays off best By HEDGE funds with a long-short equity long-bias focus took top spot in terms of fund performance for the the first five months this year, a Bloomberg check shows. Since the start
      449 words
    • 444 4  -  RONNIE LIM By OIL-AND-GAS services provider KS Energy (KSE) yesterday announced a rights issue of warrants to raise up to $18.2 million for working capital purposes. It is looking to issue up to 92,747,104 warrants at the rate of one warrant for four
      BLOOMBERG  -  444 words
    • COMPANY BRIEFS
      • 99 4 SAIZEN Reit drew down a 400 million yen (Ss6 million) short-term bridging loan from Japanese lender Star Finance on May 29. It will use it to repay loans funded by commercial mortgage-backed securities. The loan, which carries an annual interest rate of 15
        99 words
      • 126 4 ASPIAL Corporation has entered into agreements to purchase properties at Dunearn Road for a total of $6.9 million. The properties, with a total land area of 1,043.10 square metres, have a freehold tenure and the site is zoned for residential use with a plot
        126 words
      • 76 4 SHARES of Advance SCT resume trading today. The group had earlier released clarifications on a profit warning, announced findings of a special audit report and reported its fiscal 2008 results on May 29. Following these announcements, the company has updated its major lenders. "To the
        76 words
    • 507 4  -  SIOW LI SEN THE stocks of Singapore's three local banks seen as proxies for the economy have been rebounding since March in line with global euphoria over what has been hailed as a "green shoots" recovery. But market sentiment appears to be more cautious
      507 words
    • 431 5  -  TEH SHI NING Panellists seek flexible targets to encourage diversity; none believes open discrimination exists By IT will take some time before Singapore sees an increase in the number of talented women at the top of the corporate ladder, panellists
      YEN MENG JIIN  -  431 words
  • Page 4 Advertisements
    • 22 4 DUCHESS CREST High Yield Ikm to Nanyang Primary 99 years leasehold 3/4/townhouses available Foreigners eligible Full condo facilities 4-bedroom from $1.13 M
      22 words

  • Page 5 Advertisements
    • 148 5 KSsfßlfl Happy W^HMB HHHiiiHH Cher's day I Mill ■lift C^AVE^S 40% ALC./ VOL. (80 PROOF) 750 ML |j^ Epg ch AM p A gne IMPORTED Flinders Choice Xanadu L'Esprit de Chevalier Yalumba Handpicked Beaumont dcs Crayeres Absolut King Robert Reserve Margaret River Pessac-Leognan, Shiraz Viognier, Grande Reserve Vodka Scotch Whisky
      148 words

  • SINGAPORE MARKETS
    • 666 6  -  YEN SREENIVASAN STOCKS Weak Hang Seng, pullback on Wall Street dampen investor sentiment and prompt profit taking A VOLATILE session on Wall Street amid weak May jobs data and weakness on the Hong Kong bourse weighed down on sentiment and prompted market players to
      : Bloomberg  -  666 words
    • 99 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 13 2 0 0 0 3 13 2 lanufacturing 55 69 66 12 15 67 74 81 Commerce 15 27 29 17 30 35 'pt/Stor/Comms 19 12 20 14 :inance 20 20 Construction 10 13
      99 words
    • 117 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 35,313 35,313 129,248 129,248 lanufacturing 523,127 113,223 636,350 247,930 7,499 255,430 lommerce 393,648 13,877 407,525 128,305 3,887 132,192 'pt/Stor/Comms 217,670 956 218,626 282,844 137 282,981 :i nance 47,213 47,213 331,494 331,494 lonstruction 127,165 175,127 302,292 21,156 2,674 23,830 'roperties
      117 words
    • 103 6 lapitaLand 3.840 -0.090 lapitaMall 1.460 +0.030 jtyDev 9.710 -0.290 lomfortDelGrc 1.320 losco Corp 1.430 IBS Grp 12.600 -0.040 :&N 3.990 -0.070 ienting SP 0.715 -0.005 iolden Agri 0.460 -0.005 IK Land 3.220 -0.090 IMH 26.120 -0.480 ISH 13.800 -0.240 lardineC&C 17.300 +0.600 Ceppel Corp 7.080 -0.200
      103 words
    • Article, Illustration
      926 6  -  CONRAD TAN Shipping Trusts DBS Group Research, June 4 CONCERNS easing selectively Stability in container shipping rates should spark renewed interest in shipping trusts First Ship Lease Trust (FSLT) given that it has no imminent refinancing or counterparty issues is best positioned German ship-owners rescue Chilean shipping group
      : Bloomberg  -  926 words
    • 545 6 Reuters CURRENCIES [TOKYO] The US dollar mostly held its ground yesterday after a big reversal from 2009 lows on comments by Asian monetary officials and wea-ker-than-expected US data that took the wind out of a risk rally in other major currencies. Investors
      Reuters; AFP  -  545 words
    • 4 6 DAILY
      4 words
    • 59 6 Jun 4 VALUE CLOSE IT OB/OS 967.00 +74.0C IT CADI -*****.00-126.0i IT 10-day MA -*****.00 +97.01 TSE ST Mid Cap 549.22 -7.7! TSE ST Small Cap 466.67 -0.4! TSE ST All Share 581.03 -5.4! TSE ST China Top 253.89 -2.4i TSE ST China 250.87 -2.1 IOB Catalist
      59 words
    • 58 6 VOLUME MDR 182,283,000 Sapphire 172,712,000 Golden Agri 84,116,000 Ocean us 75,456,000 Diqiland 67,938,000 Gems TV 67,500,000 Gentinq SP 58,859,000 China Honqxinq 55,216,000 Rowsley 46,515,000 Abterra 44,447,000 VALUE(S) Capita Land 119,186,837 DBS Grp 100,889,780 Keppel Corp 100,504,500 UOB 97,675,980 OCBC Bk 78,327,841 NOL 63,888,695 Cosco Corp 60,287,690 Sing
      58 words
    • 100 6 CLOSE UP iBXT FTVietnam 10US$ 4670 97.9 1.5 iBXT S&P Short 10US$ 6726 72.0 0. lardine C&C 1730 60.0 3.' IQB.ES.0906 1488 52.0 3.' IS Enen 144 16.0 12. I seta n 320 9.0 2. ISMSCI India 100 570 8.6 1.1 imei iNav 1760 8.0 0. reat Eastern 1030
      100 words
    • 111 6 CLOSE DOWN ICBC Bk5.1%NCPS 100 9662-218.0 -2.2 LD 10US 9494-169.8 -1.2 ;txpo ioo 1566 -94.0 -5.7 IMH 2612 -69.1 -1.8 At ES.0906 979 -59.0 -5.7 iBXT MSTaiwan 10US! 1350 -48.9 -2.5 ISH 1380 -34.5 -1.7 fxor Emen [in; |Mkts 1 791 -33.1 -2.! At 971 -29.0 -2.! IGX.ES.0906 767
      111 words
    • 82 6 Jun4 CLOSE CHNG FRJUI13 YR2009 S$ LOW S$ HIGH ISS 1.4401 0.06 1.5579 1.4308 iuro 2.0454 0.17 2.0732 1.9150 'ounds 2.3623 1.00 2.3860 2.0356 1.1626 1.28 1.1776 0.9453 ren* 1.4912 0.72 1.7278 1.4831 lupiah* 0.***** -0.29 0.****** 0.***** !aht* 4.2188 0.33 4.3390 4.1040 'eso* 3.0511 0.10
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  • SINGAPORE NEWS
    • 813 7  -  KALPANA RASHIWALA 817 resale units change hands in April, compared to 853 in Q1 2009 By THE recovery in private home purchases in the primary market (developer sales) has rippled over to the secondary market. The number of resale private apartments and condominium
      URA Realis, DTZ Research May 2009  -  813 words
    • 373 7  -  NISHA RAMCHANDANI By THE Asia-Pacific tourism industry could take longer than expected to recover, according to the boss of a regional tourism organisation. "We know the industry is going to bounce back, but the realisation now is that it's going to take
      373 words
    • 266 7  -  MICHELLE YEO By TECHNOLOGY start-ups will now get help to take their ideas to the market Spring Singapore has added new terms to its Technology Enterprise Commercialisation Scheme (TECS) in the second TECS grant call. Twenty-one new companies, out of 220 submissions, were
      266 words
    • 343 7  -  CHUANG PECK MING By in Hangzhou SAVING jobs and battling the downturn took centrestage as Prime Minister Lee Hsien Loong arrived here yesterday afternoon for a four-day working trip to China. He flew in from a visit to South
      VINCENT WOO FOOK LEONG/LIANHE ZAOBAO  -  343 words
    • 427 7  -  JOYCE HOOI By ASIA is facing a serious lack of doctorate programmes, warned John Fernandes, the president and chief executive officer of The Association to Advance Collegiate Schools of Business (AACSB) International, yesterday. At a media briefing for the opening of AACSB's office in Singapore
      427 words
    • 296 7  -  CHEW XIANG By MEDIATION is likely to save parties in dispute both time and money, said Minister for Law X Shanmugam at the opening of the first Asian Mediation Association Conference here yesterday. The minister said that an ongoing survey by the
      296 words
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      100 words

  • ECONOMY WATCH
    • 777 8 NYT Investors see better growth prospects in China, India, Brazil than US or Europe [MUMBAI] If investors in New York and London are seeing the first delicate signs of a recovery, their counterparts in developing countries say they are witnessing a full-on spring.
      NYT; BLOOMBERG  -  777 words
    • 512 8 Reuters [TOKYO] Japanese companies cut spending on plant and equipment by less than expected between January and March, suggesting that gross domestic product (GDP) for the quarter may be revised up slightly to a 3.8 per cent contraction from a preliminary reading
      Reuters  -  512 words
    • 421 8 Bloomberg [MUMBAI] Stephen Roach, chairman of Morgan Stanley Asia, is more optimistic about economic growth prospects in India than China, saying the country may outperform others in the Asia-Pacific region. "India is a more balanced economy than the rest of export-led Asia," Mr
      Bloomberg; BLOOMBERG  -  421 words
    • 486 8 -NYT [WASHINGTON] The Federal Deposit Insurance Corp indefinitely postponed a central element of the Obama administration's bank rescue plan on Wednesday, acknowledging that it could not persuade enough banks to sell off their bad assets. In a move that
      -NYT  -  486 words
    • 550 8 -AFP [FRANKFURT] The European Central Bank (ECB) and Bank of England yesterday held key interest rates to record low, while markets looked for unconventional moves to pull the eurozone and British economies out of deep recessions. The ECB held its rate at
      -AFP  -  550 words
    • 463 8 AP [BERLlN]German Chancellor Angela Merkel has voiced scepticism about leading central banks' approach to tackling the economic crisis, suggesting that they may be storing up more trouble for the years ahead. Ms Merkel's comments came as the European Central Bank faces
      AP  -  463 words

  • MALAYSIA/INDONESIA
    • 567 9  -  PAULINE NG Consumer, utilities, telecommunications industries are exceptions By in Kuala Lumpur THE steeper than expected contraction in the first quarter of the Malaysian economy was reflected in corporate earnings with declines posted across most sectors, consumer, telecommunications, and utilities being
      567 words
    • 127 9 Reuters, Bernama [JAKARTA] Indonesian consumer confidence improved in May to its highest level in more than two years, a central bank survey showed. The strengthening of the rupiah and stable conditions ahead of presidential elections supported the surge. Indonesia holds presidential elections on July
      Reuters, Bernama  -  127 words
    • 488 9  -  S JAYASANKARAN By: in Kuala Lumpur MALAYSIAN national carmaker Proton Holdings continues to be in the doldrums with mounting losses amid falling sales in an economy caught up in the country's worst recession in 11 years. Its situation has raised doubts about its business
      AP  -  488 words
    • 415 9 Reuters [KUALA LUMPUR] Malaysia's exports shrank by 26.3 per cent in April from a year ago, falling considerably more than the 22 per cent analysts had expected. Economists said yesterday that a significant improvement will only take place in the second
      – Reuters  -  415 words
    • 528 9 Reuters But it signals more aggressive stance within Opposition [KUALA LUMPUR] Malaysia's Islamist party yesterday ruled out forming a pact with the government and signalled that it would take a more aggressive stance within the three-par-ty Opposition a move that could cause
      – Reuters  -  528 words
    • 199 9 Bloomberg [KUALA LUMPUR] Bursa Malaysia Bhd, operator of the nation's stock exchange, expects a surge in trading volume in the second quarter to have a "very positive" effect on earnings, chief executive officer Yusli Mohamed Yusoff said. "Volumes are more than double
      Bloomberg  -  199 words
  • Page 9 Advertisements

  • GREATER CHINA/INDIA
    • 372 10 AFP [SHANGHAI] The Chinese firm planning to buy the Hummer brand from struggling US auto giant General Motors (GM) said on Wednesday that the market in China is likely to play an important role in its global strategy. GM announced on
      AFP  -  372 words
    • 672 10 -Reuters, Bloomberg Investors disappointed by lack of clear reforms in President's speech [NEW DELHI] India's new government would revive economic growth and help millions of poor with higher spending and expansion of social programmes, despite fears of a growing fiscal gap,
      -Reuters, Bloomberg; AP  -  672 words
    • 495 10 Reuters 3 Taiwanese groups will fund project; MGM to be operator [MACAU] MGM Mirage the world's second-largest casino operator, said yesterday that it is in talks with three investor groups to develop a casino in Taiwan, as it looks to expand in
      – Reuters  -  495 words
    • 445 10 ■NYT [TAIPEI] For more than a decade, Western technology companies and Taiwanese manufacturers had a simple, mutually beneficial arrangement. The Taiwanese companies built music players, laptops and cell phones to precise specifications dictated by customers like Apple, Hewlett-Packard and Motorola. The Western
      ■NYT  -  445 words
    • 613 10 Reuters It aims to avoid further delay in Aussie govt approval [MELBOURNE] China's state-owned metals firm Chinalco may revise its planned US$l9.5 billion investment in miner Rio Tinto before a June 14 deadline to avoid further delays in Australian government approval, two
      Reuters; AFP FILE PHOTO  -  613 words
  • Page 10 Advertisements

  • ASIA-PACIFIC/WORLD
    • 494 11 Reuters Increase triggers concerns that stock pricing may not be transparent [TORONTO] Big banks are executing an increasing percentage of US stock trades within their own walls, capitalising on the credit crisis and enticing the most active traders away from the traditional exchanges. "Dark pools",
      – Reuters  -  494 words
    • 410 11 Bloomberg [NEW YORK] Trading in General Motors Corp (GM) bonds shows that investors are betting that its government-backed bankruptcy will create a company with a higher market value than Ford Motor Co, the only major US carmaker to shun a federal rescue. Bondholders will
      – Bloomberg; REUTERS  -  410 words
    • 356 11 AFP [BANGKOK] Thailand's "Yellow Shirt" protesters, who led a disruptive blockade of Bangkok's airports last year, has formally applied for registration as a political party, a senior official said here yesterday. Leading members of the ardently royalist grouping handed over their documents to the
      AFP  -  356 words
  • Page 11 Advertisements
    • 2989 11 w WATS _L^l V^/ _I_ J. V^ _Lj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg SINGAPORE POST LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****1623 M NOTICE IS HEREBY GIVEN THAT THE 17TH ANNUAL GENERAL MEETING of the Company will be held at 10 Eunos Road
      2,989 words

  • WORLD
    • 469 12 Reuters Firms such as Apple, Google, Yahoo, and Microsoft have all been contacted [WASHINGTON] The US Justice Department is investigating possible pacts by big tech businesses not to poach one another's talent, a tech industry source with direct knowledge of the matter
      Reuters  -  469 words
    • 732 12 Bloomberg [LOS ANGELES] Nintendo Co president Satoru Iwata ran away with the videogame market with a mo-tion-sensing Wii device that attracted new players. Microsoft Corp and Sony Corp are now looking to eliminate his advantage. Microsoft and Sony introduced their own versions of motion
      Bloomberg; REUTERS  -  732 words
    • 710 12 Bloomberg He is committed to withdrawing troops from Iraq by 2012 [CAIRO] President Barack Obama pledged to "seek a new beginning" between the US and the Muslim world, calling for people in both societies to find common ground and end a
      Bloomberg  -  710 words
    • 333 12 ■AP [LONDON] Manchester United announced a four-year shirt sponsorship agreement with Chicago-based insurance broker Aon Corp on Wednesday in what may be the biggest deal of its kind. An Aon logo will adorn the United players' red shirts for four
      ■AP; REUTERS  -  333 words
    • 433 12 AFP [NEW YORK] Superstar actress and humanitarian advocate Angelina Jolie has unseated talkshow diva Oprah Winfrey as the world's most powerful celebrity in a new survey published by Forbes magazine on Wednesday. The top ranking is based on income over the past 12
      AFP  -  433 words
    • 524 12 LAT-WP [WASHINGTON] New York City was teetering on the brink of bankruptcy in the mid-*****, and companies were abandoning the crime-ridden metropolis for offices in New Jersey, Connecticut and Long Island. But a growing insurance company named American International Group (AIG) placed
      ■ LAT-WP  -  524 words
    • 604 13 ■NYT He wants employers to share cost and exemption for small businesses and those who can't afford it [WASHINGTON] US President Barack Obama is receptive to congressional proposals that would require Americans to have health insurance and oblige employers to share
      ■NYT  -  604 words

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      588 words

  • AVIATION/TRANSPORTATION
    • 526 14  -  YEN SREENIVASAN Floor reached in the slide in their volumes, says top ÜBS official By [SINGAPORE] Although Asian carries have suffered through sharper drop-offs in both passenger and cargo traffic, they are better placed to weather the financial storm and in
      526 words
    • 468 14 Bloomberg New lata forecast for 2009 will widen March's estimate of USs4.7b of losses [KUALA LUMPUR] Airline losses worldwide this year will be wider than expected as the global recession saps demand for travel and busi-ness-class fares, the International Air Transport Association said. The
      Bloomberg; REUTERS  -  468 words
    • 301 14  -  JOANNE TANG By [SINGAPORE] DHL Global Mail the International Mail division of Deutsche Post DHL announced yesterday that it has been granted the Postal Services Operator (PSO) licence from the Infocomm Development Authority of Singapore (IDA). The 10-year licence grants the company the right
      301 words
    • 174 14 Reuters [TOKYO] Mitsui OSK Lines Ltd, Japan's second-biggest shipping line in terms of sales, says spinning off its container shipping division is one option to turn around the loss-making business. Mitsui OSK is the only shipper among Japan's three major shipping companies
      Reuters  -  174 words
    • 432 14 -NYT [WASHINGTON] As clergy members in Paris memorialised the 228 lives lost in the Air France crash, the navies of three nations covered thousands of kilometres on Wednesday in the search effort for the lost Airbus A 330, with some success. The
      -NYT  -  432 words
    • TRANSPORT STOCKS
      • 107 14 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.54 0.26 1.43 0.58 1.38 0.61
        107 words
      • 36 14 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.86 8.55 8.60 3.30 2.72 0.02 0.11 -0.02 -0.05 0.15 -0.10 unch -0.01 0.01 100 295 682 1759 5 14 2616
        36 words
      • 12 14 '00 ■recious Ship Jegional Cont 17.80 8.65 -0.10 0.20 6613 2029
        12 words
      • 11 14 '000 Doil iingamas Cont 36.00 1.04 -0.10 3939 0.13 *****1
        11 words
      • 17 14 '000 Aboitiz Equity Intl Container Keppel Marine 6.50 16.50 2.20 0.20 0.25 -0.10 506 5119 15
        17 words
      • 22 14 Evergreen Marine ....18.65 :irst Steamship 48.15 /Van Hai Lines 16.90 r"ang Ming Marine...13.75 -1.40 -1.55 -1.05 -0.60 20 8 11 20
        22 words
      • 38 14 '000 (awasaki Hvylnd ..217.00 -1.00 9943 (awasaki Kisen 440.00 -16.00 ***** Mitsubishi Hvy 359.00 -4.00 ***** l/litsuiEng&Sbldg...225.00 -5.00 3425 l/litsui Osk Lines 680.00 -24.00 ***** Jippon Express 418.00 4.00 2640 JipponYusen 444.00 -21.00 ***** 'iource: Thomson Reuters
        38 words
    • 2629 14 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI 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
      2,629 words

  • Page 15 Advertisements
    • 5571 15 w MAIS JL^I JL JL^^ JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE CORPORATION FRANCO-ASIATIQUE COMPANIES ACT, CAP. 50 TBAMQIT MIYPn mkirRPTP ITTI I 1 HOLDINGS PTE. LTD. and ip|ui TRANSIT-MIXED CONCRETE LTD COMPANY REGISTRATION NO. IN THE MATTER OF IMP* (Incorporated In The
      5,571 words

  • EDITORIAL & OPINION
    • 485 16 THE recovery in the stock market in the last three months has been nothing short of phenomenal. From its low of 1,456.95 points on March 9, the Straits Times Index (STI) has rebounded 63 per cent. The Hong Kong Hang Seng Index, meanwhile, is
      485 words
    • 1010 16  -  SIMEON PRESTON MARCIA BLENKO Turbulence offers a rare chance to bring in new talent, improve the way things are done By and HO'S got time to worry about building a stronger organisation in a downturn? Surely, executives can't focus on internal issues when
      FILE PHOTO  -  1,010 words
    • 770 16  -  FRANK CHING THE BOTTOM LINE A PUBLIC outcry in China over the case of a woman arrested for stabbing a local official who assaulted her after she refused to provide sexual services reflects the widespread distrust of officials and sympathy for the underdog even
      770 words
    • 1280 17  -  AMIT ROY CHOUDHURY PM Singh's second stint is expected to be more focused on reforms to put the country into a higher growth trajectory ITH the Indian government finally settling down after a long-drawn general election, it's time to take stock as to
      REUTERS  -  1,280 words
    • 1193 17  -  LORD MANDELSON By THESE are heady days for the anti-globalists. The global economy is in a pronounced downturn. Regulatory and professional failure on Wall Street and elsewhere threatened to collapse the banking system and raised serious questions about approaches to risk and remuneration in some of
      REUTERS  -  1,193 words


  • SINGAPORE STOCKS
    • 8819 18 Transaction date: Jun 4 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 23 7 2101 APOil 71 26.5
      8,819 words
    • 1698 19 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 35 0.5 1501 s Advanced System 10 2 3480 t Adventus 27.5 8.5 3518 s Afor 15.8 2 1524 t Alantac 19.5 3.5 7814 t
      1,698 words
    • 369 19 Hi. Low Code Comi Sale COM) Hi. Low Big Seller Cvr P/E imil 109 100 6389 ABFSG Bond ETF 107.1 -1.9 934 427 CIMBAsean40 100US$ US640 -2 246 149 DBS STI ETF 100 235 -5 2728 1682 DBXT FTChina25 10US$ US2728 4670 3228 DBXT FTVietnam 10US$ US4670 +68
      369 words
    • 242 19 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
      242 words
    • 9424 19 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.859/ AIGIF Spore Bond Fund/A 1.259/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.96/ APS Alpha Fund (USD)!** 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5108/ APS Komaba Global
      9,424 words
  • Page 18 Advertisements


  • FINANCE & COMMODITIES
    • 377 20 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jun3 World Index Preliminary 709.6 -1.3 4.7 -1.3 7.0 -1.7 6.! t EAFE Prel liminai 679.1 -1.1 4.6 -1.4 8.2 -1.7 8.1 Euroi Prelim inan
      377 words
    • 121 20 As at 9am Jun 4 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1510 1.1850 .an dollar 1.2950 1.3100 luro 2.0370 2.0600 IZ dollar 0.9120 0.9310 iterlini ind 2.3450 2.3710 JS dollar 1.4360 1.4520 .ocal dollars to 100 units if foreign
      121 words
    • 151 20 Jun 4 )vernight I-month '-months 3-months Overnight mode: 1/4 JS$ 5/8 7/16 9/16 11/16 Offer 1/2 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.43 0.75 0.85 1.10 1.90 2.00 Offer 0.25 0.33 0.45 0.55 0.80 1.40 1.50
      151 words
    • 11 20 Jun 4 STI IIMSCI Jun 288.1 289.5 286.2
      11 words
    • 22 20 Jun 4 SS Bid Offer 1-month 1.4391 1.4404 2-months 1.4391 1.4404 3-months 1.4390 1.4403 6-months 1.4389 1.4403 Source: OCBC
      22 words
    • 185 20 Jun 4 (UBBtK Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l (lots) lul 09 168.0 \ug 09 iep 09 Dct 09 \lov09 171.0 Dec 09 168.0 171.0 168.0 169.5 169.5 168.5 168.5 168.5 42 10 692 546 650 1064 934 1214
      185 words
    • 88 20 Jun 4 '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 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year N5O61OOE 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****X
      88 words
    • 99 20 Jun 3 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1182.00 1209.00 1212.75 1181.00 AugO9 1137.00 1169.50 1171.50 1135.00 Sep 09 1079.00 1115.00 1112.00 1077.00 Nov 09 1047.00 1082.50 1084.25 1040.00 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low lul 09 39.25 40.50 40.60 39.16 S.ug
      99 words
    • 75 20 CRUDE OIL PRODUCTS Jun 3 origin^ t/barrel Close Cham irent blend (1-Mth F) 66.50 -1.61 WTI (Near Mth) 66.12 -2.6I iubai (1-Mth F) 66.85 0.8: "apis blend 70.90 0.5! i/linas 70.10 0.4! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 63.60 75.10 0.11 1.61 US$/barrel )pec Oil Basket Price
      75 words
    • 461 20 Jun 4 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS lustralia 0.891 5.522 0.568 6.265 38.080 81.300 0.778 10.104 2.821 1.267 65.218 38.145 1.163 6.475 0.860 26.329 27.582 0.493 0.808 :anada 1.122 6.197 0.637 7.031
      461 words
    • 68 20 Jun 4 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
    • 149 20 Jun 4 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1626 1.1643 0.8079 0.8084 Canadian dollar 1.3048 1.3065 0.9067 0.9071 luro 2.0478 2.0498 1.4230 1.4232 IZ dollar 0.9171 0.9188 0.6373 0.6379 Sterlinc 2.3587 2.3614 1.6390 1.6395 IS dollar 1.4391 1.4403 >$IUS$
      149 words
    • 132 20 Jun 4 /oz) lun lun Hong Kong .ondon 965.90 976.70 966.90 977.70 lun 03 Jun 02 976.60 982.50 977.60 983.30 Source: Thomson Reuters CAST BAR (S$) JunO4 Buying Sellini Kilobar "47,177.82" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 108.07
      132 words
    • 63 20 Jun3\ minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1449.50 months 1484.00 1437.25 1472.00 Copper, Grade A (US$/tonne) :ash months 4902.00 4920.00 5034.01 5050.01 .ead (US$/tonne) :ash 1589.50 months 1610.00 1641.51 1659.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
      63 words
    • 73 20 Jun 3 Close Prev Hii ih/Low ul 09 1747 1691 1771/1671 iepO9 1746 1698 1756/1677 Dec 09 1740 1691 1745/1672 War 10 1734 1686 1740/1671 IOFFEE (US$/tonne) Close Pev High/Low ul 09 1535 1548 1555/1532 iepO9 1548 1559 1567/1545 Mov09 1559 1572 1578/1557 SUGAR (US tonne) White Close Prev
      73 words
    • 59 20 Jun 4 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position lun 09 2580 lul 09 2576 Hug 09 2553 >ep 09 2545 Total o/p: ***** contracts 2585 2585 2556 2585 2585 2545 2569 2578 2525 2560 2565 2518 Turnover: ***** Market tone:
      59 words
    • 296 20 Jun 4 URODOLLAR FUTURES unO9 iepO9 DecO9 VlariO 99.3800 99.3000 99.0850 98.9250 6132 7403 5924 3619 EUROYEN TIBOR FUTURES unO9 99.445 99.445 iepO9 99.520 99.520 DecO9 VlariO 99.550 99.550 un10 iep10 Dec10 \/lar11 99.440 99.515 99.550 99.440 99.520 99.540 99.530 99.500 99.445 99.400 99.315 505 964 100
      296 words
    • 2453 20 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 3.5 unch 631 >036AdvanceSCTLtdW*****9 0.5 susp 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital Ltd W*****7 6 unch 58 !756# Asiatic Grp(H) Ltd W*****2 9.5 !105#AsiatravelW*****7 9 >878Aztech
      2,453 words

  • Page 21 Advertisements
    • 2916 21 m The Business Times Shipping Times M BlCT^ffllHlffifffflTOlffißffffil F WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M £*^P^| ■%M WBwfcKWn^naSnjtv VtrA iaia kvi uai I mrr TEL:*****588 o 4 lines) fax:6224H63 A^l B^^^^llTT^^^^^l iHUfIMS M^WMiBS \\^^V I WAN HAI INtj PKL HL: (03) *****38s FAX: (03) *****288 PEN TEL:
      2,916 words

  • Page 22 Advertisements
    • 3001 22 F^VH9EHi^B9IHI In c eastern car liner, ltd inn it&ift^ i lf-~— i specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I MllfilMlfliffffiiilT^^ igaBESB^B^^BZjiL I RompjKT) I LilMn#T). I MUA I SIN I PKL I )KI I BIL I 1(1 I 'l™™^^ m*! POSITIVE STAR ~~43~ 100
      3,001 words

  • Page 23 Advertisements
  • 796 23 Vampire trilogy from Guillermo del Toro off to great start, says CHRISTOPHER LIM VAMPIRE fever is in the air, with Twilight and True Blood making it cool to be pale and moody again, and giving old Anne Rice fans an excuse
    796 words
  • 723 23  -  CHRISTOPHER LIM BOOK REVIEW The Legend Of Sigurd And Gudrun By J R R Tolkien Harper Collins Pages: 377 Price: $36.90 Rating: B By IF the prospect of curling up with two unpublished poems by J R R Tolkien conjures images of tales
    723 words
  • 586 23  -  AMANDA DE GUZMAN By FOR about nine hours each day, Tash Aw is unreachable. "I wake up around 7am, and I write from Bam to lpm. Then I have a lunch break and write from 3pm to Bpm," says the acclaimed 37-year-old author, whose debut
    FILE PHOTO  -  586 words

  • Page 24 Miscellaneous
    • 552 24 Imelda's shoo-in laughs VII FROM the producer of the hit comedy Singapore Boy comes nM^ L^B Imelda's Boys (right), a «TJ| heavenly comedy show P...^^' for all men, women, angels, kings, queens and all heartlanders. Loosely inspired by the famous Imelda Marcos, one-time first lady of the Philippines and consummate
      552 words
  • 689 24 Its latest interpretation incorporates the digital age and the emergence of terrorism, reports AMANDA DE GUZMAN THERE are few myths as often adapted as that of Electra. This bloody tale in which her brother Orestes kills their mother in revenge for her murder of
    689 words
  • 574 24  -  CHEAH UI-HOON By IMAGINE Little Women enacted in an 18th century upper-class Chinese family instead of an American family in Massachusetts. And there you have The Crab Flower Club. In a play that revolves around the relationship of five women, director/ playwright Goh Boon
    574 words
  • 555 24  -  CHEAH UI-HOON By THE first clue that this was a production that wasn't going to take itself too seriously was given right at the very beginning. French artist and director Aurelien Bory's Les Sept Planches de la Ruse (Seven Boards of Tricks) started off
    555 words

  • Page 25 Advertisements
    • 1 25 W^-
      1 words
    • 134 25 '<& J 'i-Ll L_.|--i>. Hfcap*"!'.--*" 1"""" copyfromany I j i £,„,«>— Spinelli outlet at 9B i $5.50 and get a IRi complimentary liptt 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.
      134 words
  • 663 25 State of Play sizzles with its deft plot twists and crackling pace, says ONG SOH CHIN m HILE the central story in this thriUer foM m cuses on the dark machinations of Washingtonian politics, State of Play is really, ultimately, a loving paean to
    663 words
  • 581 25  -  GEOFFREY EU By ON Aug 7, 1974, almost 27 years before the twin towers of the World Trade Center were destroyed by terrorist attacks, Frenchman Philippe Petit made a different kind of aerial assault on the just-completed towers one that captured the public imagination and
    581 words
  • 510 25  -  JAIME EE DVD REVIEW By A TEEN movie with no fart jokes is always a rare event, which is why films that portray youngsters in an intelligent, ie, adult manner, always manage to hit an audience's sweet spot. In the same way that
    510 words

  • Page 26 Miscellaneous
    • 321 26 CRYPTIC CROSSWORD ACROSS heard (4) 1 They go off in the direction of 7 Man on board that is a raw rethe theatre (6) emit (6) 4 Business force established 8 Spring tide? (6) around 2000 (8) 11 The Met Office? (8,4) 9 Power drive (6) 15 Girl, say, tender
      321 words
  • 1042 26 Not all approaches to keeping music fresh work, says CHRISTOPHER LIM Sounding Points Julian Lage EmArcy Rating: B+ Folk Art Joe Lovano Blue Note Rating: BRe: Generations Nat King Cole Capitol Rating: CMosaic: A Celebration Of Blue Note Records The Blue Note
    1,042 words
  • 624 26  -  CHRISTOPHER LIM By IF you have any sort of familiarity with video-game consoles, you've probably seen the Nintendo Wii you know, the one that you control by waving the remote controller around? There haven't been any truly earth-shattering revolutions in gaming since the Wii
    AP  -  624 words
  • 1163 26  -  N X YONG By SOMEONE asked me the other day for advice on buying wine coolers, wines and wine glasses. She was starting to equip her home with the basic items needed to serve wine. I think we are now at that stage in
    BLOOMBERG  -  1,163 words


  • 1721 28 Retailers here have a wider range of malls to choose from as malls look inward, convinced that local brands now offer better quality and global appeal, report CHEAH UI-HOON and MELISSA LWEE THREE years ago, Singapore toymaker Play Imaginative created a cult toy called Trexi. Now, the company
    1,721 words
  • Page 28 Advertisements
    • 19 28 ■/rg m I s^Mmh^MmzMmwWmmSmmpSmm^Sm^SUSm^Smm Mc^SfSB^XJBjmCsSStm^m^Smw^ l^^^^^mwmW-jk I* I W Jmmmt J J JJ tJJfcJ^___ .^^^^m^MMMMtftME E^^^»^. v 33. -"-i^Ssbm
      19 words
  • Page 28 Miscellaneous