The Business Times, 10 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: 28
1 28 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 Sfili A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, June 10,2009
    23 words
  • Article, Illustration
    Lock icon Slow first corner for F1 hospitality sales
    662 1  -  NISHA RAMCHANDANI Many companies cut budgets or stay away but some are coming back now [SINGAPORE] Corporate hospitality sales for the 2009 Formula One (Fl) Singapore Grand Prix have been slower this year, although the recent pick-up in market sentiment is driving more
    FILE PHOTO  -  662 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      48 1 uesi lay lange 1 COMP 1,071.79 -1.06 IIKKEI225 9,786.82 -78.81 1ANG SENG 18,058.49 -194.90 SET INDEX 607.73 +7.70 JAKARTA COMP 1,998.64 +0.06 1ANILA COMP 2,093.29 +36.65 ;eoulcomp 1,371.84 -21.46 ;henzhen b 467.67 -0.33 IUMBAI IND 15,127.00 +461.08 12 noon EDT Cham )OW 8,736.53 -27.96 IASDAQ 1,851.02 +8.62
      48 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.005 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 FOREX
      46 1 IS$ (S$ per US$) 1.460 (USS/SS ier 1.613 2.355 ;URO (US$/S$/E) 1.394 2.035 Forei' in currenc ier US$ 1$ 'EN 98.20 67.20 3.523 2.413 IK$ 7.752 5.309 !AHT 34.23 23.44 lUPIAH 10,070 6,897 1ENMINBI 6.835 4.681 INDIAN RUPEE 47.46 32.50 1.262 0.864 IZ$ 1.607 1.101
      46 words
  • Article
    Lock icon The 2010 growth story comes with an asterisk*
    780 1  -  TEH SHI NING point to GDP growth but the base is low and there's uncertainty about 2009 [SINGAPORE] Widespread positive forecasts for 2010's GDP growth all point to certain economic expansion here. A brief survey of 10 research houses' forecasts places next
    780 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
      255 1 :t^^*3* ff fk HjjHf tHUH BvXS '"^H "To me, it's the perfect tuning of a grand piano to the particular conditions of any Best Private Bank 2008 given concert hall." Georges Ammann, piano tuner for Steinway Sons, Hamburg, Awarded by FbianceAsla Germany Best Boutique Private Bank In Japan, it's all
      255 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      91 1 COMPANIES JJfS SINGAPORE TRANSPORT /^^O^PI CHRYSLER SALE HK's Nan Fung fsj ARTS FEST Superbike segment US Supreme Court invests in South Beach 1 Playing out a Long Life remains steady in M ii. Sgß m move puts brakes project page 4 rfilvJ 31 on stage page 20 Singapore page 17
      91 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon 10 big US banks cleared to make payback
      866 2 -nyt JP Morgan, Goldman Sachs, American Express believed to be among them [WASHINGTON] The Treasury Department cleared the way for 10 big banks yesterday to start repaying billions of dollars in taxpayer aid, a crucial step in easing the government's grip after
      -nyt; : The companies AP Graphics  -  866 words
    • Article
      Lock icon HINI pandemic 'very close'
      114 2 -AFP [GENEVA] The world is getting "very close" to an HINI pandemic, a senior World Health Organization (WHO) official said yesterday, noting that there is now community-level transmission in Australia. "We are really getting very close" to a pandemic, said Keiji Fukuda, assistant director-general, adding that
      -AFP  -  114 words
    • Article
      Lock icon US Treasury poised to sketch out pay rules
      485 2 Reuters [WASHINGTON] The US Treasury Department today is expected to outline new rules on compensation for executives at firms that received aid from the government's financial rescue fund, sources familiar with the plan said on Monday. Kenneth Feinberg, who oversaw compensation to
      Reuters  -  485 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon The 2010 growth story comes with an asterisk*
        48 2 WIDESPREAD positive forecasts for Singapore's 2010 GDP growth all point to certain economic expansion here. A brief survey of 10 research houses' forecasts places next year's GDP figure in a range of 2.4 to 6.2 per cent growth. FRONT PAGE
        48 words
      • Article
        Lock icon Slow first corner for F1 hospitality sales
        42 2 CORPORATE hospitality sales for the 2009 Formula One Singapore Grand Prix have been slower this year, although the recent pick-up in market sentiment is driving more companies to sign on the dotted line. FRONT PAGE
        42 words
      • Article
        Lock icon US Treasury allows 10 banks to return aid funds
        79 2 THE US Treasury Department yesterday cleared the way for 10 big banks to start repaying billions of dollars in taxpayer aid, a crucial step in easing the government's grip after an unprecedented series of interventions. The banks are expected to return
        79 words
      • Article
        Lock icon New iPhone to dock in S'pore next month
        45 2 A SPEEDIER version of the Apple iPhone will be docked at Singapore Telecommunications stores from July but exclusivity alone may not be enough to get gadget-crazed Singaporeans to bite the second time around. TOP STORIES, PAGE 3
        45 words
      • Article
        Lock icon Maersk follows NOL lead, raises Asia-Europe rates
        65 2 MAERSK Line is the latest to try raising freight rates ahead of the peak season on the beleaguered Asia-Europe trade, almost mirroring increases announced by Neptune Orient Lines and other major lines in the past few weeks. But it remains to be seen
        65 words
      • Article
        Lock icon HK's Nan Fung lands as new investor at South Beach
        62 2 HONG KONG developer Nan Fung group has emerged as an investor in Singapore's South Beach project in which City Developments has a major stake. It will subscribe to $205 million of five-year secured convertible notes under a refinancing exercise for
        62 words
      • Article
        Lock icon Midas shares up 11.8% on hopes of more deals
        71 2 SHARES of Midas Holdings which produces aluminium parts used to make trains surged 11.8 per cent yesterday on hopes that the company would secure more contracts in China, dealers said. The stock ended at 71 cents, up 7.5 cents from 63.5
        71 words
    • Article
      Lock icon Doha Round gets injection of hope
      588 2  -  LEE U-WEN US, India break deadlock, clearing way for trade pact to conclude by 2010 [SINGAPORE] After eight long years of frustrating starts and stops, the stalled Doha Round of trade liberalisation talks looks set to reach a conclusion in 2010, according to World
      588 words
    • Article
      Lock icon Maersk follows NOL lead, raises freight rates
      498 3  -  VINCENT WEE It says rates on Asia-Europe route are too low and unsustainable [SINGAPORE] Maersk Line is the latest to try raising freight rates ahead of the peak season on the beleaguered Asia-Europe trade, almost mirroring increases announced by Neptune Orient Lines (NOL)
      498 words
    • Article, Illustration
      Lock icon New iPhone to dock in S'pore next month
      597 3  -  WINSTON CHAI SingTel monopoly to continue but will Singaporeans bite? [SINGAPORE] A speedier version of the Apple iPhone will be docked at Singapore Telecommunications stores from July but exclusivity alone may not be enough to get gadget-crazed Singaporeans to bite the second
      n  -  597 words
    • Article
      Lock icon Investors get glimpse of Apple without Jobs
      333 3 Bloomberg [SAN FRANCISCO] Apple Inc's developer conference here on Monday gave investors a new opportunity to see the company at work without Steve Jobs. The company unveiled a faster iPhone and cut prices on its Macßook Pro notebooks, relying on a team of
      – Bloomberg  -  333 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      540 2 Goods and Services Tax (GST) Seminar Understanding Essential GST Principles and Common Errors to Avoid Date Do y°u nee* a refresher on the essential principles of GST? Do you want to Thursday 16 July 2009 ave a Detter understanding of the GST errors which traders commonly make and learn more
      540 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      177 3 Book the CLS 350 and receive a complimentary AMG styling package and other benefits worth $32,800. Just when you thought you couldn't resist the CLS 350, we have made it with HOLD function and Hill-Start Assist. And if that's not enough, even harder. Now, when you book one, you will
      177 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      276 4 Broadcast ft sia2oo9 interrctivqujt The 14th Intentional Digital Multimedia Entertainment The 3rd International Interactive, Digital Media Entertainment Technology Exhibition Conference Exhibition Conference 16-18 JUNE 19 JUNE 10.30am 6pm 10.30am 4pm Asia's Top Broadcasting, Multimedia Entertainment Technology Event EVENT HIGHLIGHTS Exhibition Digital Signage First at InteractiveDME 600 world-class vendors Regional gathering
      276 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      38 4 YES HE CAN MAKE YOU LAUGH Tune in to Rod Monteiro the Married Men WEEKDAYS,SPM TO BPM i m\> I >> I- 'Mi vl If wr'-l vlv^l k2 I I b1 3 -^C__^_____^__^^U the station that rocks the NATION!
      38 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 3
      54 4 The Business Times Singapore Airlines 'A3BO to Paris' Contest Result Singapore Airlines A3BO I ■Si <*- tickets I _JL. S holiday H1 Paris* Ms Tan^ (left) receiving her prize from Angeline Tang, Marketing I Manager, South-East Asia of French Tourism Board. w The Business times w 4 A publication Of
      54 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Nan Fung Group invests in South Beach project
      692 4  -  KALPANA RASHIWALA Entities linked to HK-based group pumping in $205m in refinancing deal HONG KONG developer Nan Fung group has emerged as an investor in Singapore's South Beach project. It will subscribe to $205 million of five-year secured convertible notes under a
      CDL  -  692 words
    • Article
      Lock icon Swing Media eyes $1.7m from share sale
      314 4  -  EMILYN YAP By SWING Media Technology Group aims to raise $1.7 million net by placing out 30 million new shares at six cents each. The data storage product manufacturer and supplier is one of at least six companies to conduct a placement exercise
      314 words
    • Article
      Lock icon Can S-E Asian palm oil stocks retain their gloss?
      409 4 Reuters [KUALA LUMPUR] Shares of Sime Darby, Wilmar and other Southeast Asian palm plantation companies have rallied this year as crude palm oil (CPO) prices have rebounded from lows hit last October. Strong Chinese and Indian demand for oilseeds and edible
      – Reuters  -  409 words
    • Article
      Lock icon UOB-Kay Hian calls a buy on FCT, A-Reit and K-Reit
      433 4  -  JOYCE HOOI Bullish take is based on lower inflation, refinancing risks ALTHOUGH real estate investment trusts (Reits) remain dogged by falling rents, the latest UOB Kay-Hian report is bullish with "buy" calls on Frasers Centrepoint Trust (FCT), Ascendas Reit and
      433 words
    • Article, Illustration
      Lock icon Midas shares up 11.8% on hopes of more deals
      366 7  -  JAMIE LEE Firm is mulling a fourth production line as it eyes more China rail contracts SHARES of Midas Holdings which produces aluminium parts used to make trains surged 11.8 per cent yesterday on hopes that the company would secure more
      366 words
    • Article
      Lock icon Pessimists, optimists have plenty to chew on
      781 7  -  R SIVANITHY IN market parlance, stocks appear delicately poised at an important inflexion point now, with the Straits Times Index having gained around 60 per cent in a little less than three months but displaying significant wobbles over the past two sessions. Going
      781 words
    • Article
      Lock icon Pedestrian traffic to Wisma Atria basement doubles
      289 7 Reit manager says it's due to reopened Orchard MRT link PEDESTRIAN traffic to Wisma Atria's basement has more than doubled from a year ago following the re-opening of the link to Orchard MRT station, said YTL Pacific Star, manager of Starhill Global Reit.
      289 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      1101 5 Ca p/ta Com mercial Trust 1 -FOR-1 RIGHTS ISSUE .StSTtS Subscription and TODAY! "Nil-Paid" Rights Trading iff J& to closing price of 551.06 per Unit on 21 May 2009 (day before announcement) I i^^-jj lillII?=^lKffllp based on pro forma 2008 DPU of 5.91 cents' I*divided1 *divided by the Rights Issue
      1,101 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Asian units slide against US$ as stocks retreat
      612 6  -  OH BOON PING CURRENCIES Sing dollar also weakens against euro, sterling, Aussie dollar, yen ASIAN currencies came under fire against the US dollar yesterday, led by losses on regional bourses. Hong Kong's Hang Seng Index plunged 194.9 points to 18,058.49, while Japan's
      612 words
    • Article
      Lock icon Financial market recap
      228 6 Changes since Dec 31,2008 YEAR TO DATE JUNE 9'09 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 98.11 7.65 101.23 87.11 SGD 1.4602 2.09 1.5579 1.4308 IDR ***** -7.28 ***** ***** THB 34.26 -1.30 36.31 34.26 CNY 6.8349 0.17 6.8560 6.8220 MYR 3.5255 2.14 3.7370 3.4550 CURRENCY
      228 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      100 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 5 5 0 0 0 8 5 5 lanufacturing 48 55 70 13 55 63 83 Commerce 24 18 25 27 23 29 'pt/Stor/Comms 11 19 11 11 20 13 :inance 13 10 13 10
      100 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 18,754 18,754 57,964 57,964 lanufacturini 488,852 166,673 655,525 235,711 10,191 245,902 Commerce 350,462 3,885 354,347 96,475 534 97,009 ■pt/Stor/Comms 160,447 778 161,225 223,669 117 223,787 :inance 26,690 26,690 215,962 215,962 Construction 116,535 37,704 154,239 16,902 623 17,525 ■roperties 251,038
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      102 6 lapitaLand 3.670 -0.040 lapitaMall 1.410 +0.010 jtyDev 9.090 +0.140 lomfortDelGrc 1.300 -0.010 losco Corp 1.360 +0.020 IBSGrp 12.520 +0.180 :&N 3.640 -0.040 ienting SP 0.685 -0.010 iolden Agri 0.430 IK Land 3.300 +0.100 IMH 25.060 +0.060 ISH 13.800 +0.200 lardineC&C 17.560 -0.240 leppel Corp 6.960 +0.180
      102 words
    • Article
      Lock icon BROKERS' TAKE
      777 6  -  JOYCE HOOI SMRT Corporation June 9 close: $1.66 OCBC INVESTMENT RESEARCH, June 9 CIRCLE Line to boost ridership growth: After months of gruelling trial runs and safety checks, the Circle Line Stage 3 (CCL3) was finally opened for passenger service last month. SMRT Corporation, the operator of CCL,
      777 words
    • Article, Illustration
      Lock icon Mixed session in face of cloudy outlook
      564 6  -  R SIVANITHY STOCKS STOCKS underwent a volatile session yesterday, essentially tracking movements in Hong Kong's Hang Seng Index which swung violently in either direction throughout the day. Brokers took this to mean continued uncertainty over what the future might hold for markets, especially
      564 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      56 6 CLOSE IT OB/OS 499.00 +98.0C IT CADI -*****.00 +1.0' IT 10-day MA -*****.00+50.01 TSE ST Mid Cap 536.26 +4.6' TSE ST Small Cap 449.02 +4.8 TSE ST All Share 575.25 +4.2 TSE ST China Top 246.29 +1.7 TSE ST China 245.01 +2.51 IOB Catalist 106.39 +0.6 iMSCI
      56 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Diqiland 178,763,000 Genting SP 120,955,000 ChinaNTown 100,236,000 Golden Agri 68,740,000 Equation 66,076,000 Midas 65,793,000 UniFiber 50,410,000 Celestial 44,036,000 EuNetworks 42,996,000 Ocean us 41,837,000 VALUE(S) Capita Land 152,533,318 DBS Grp 87,193,080 Genting SP 83,539,870 UOB 47,554,820 CityDev 47,193,620 Midas 45,201,245 Keppel Land 43,913,640 SinqTel 43,415,854 OCBC Bk
      56 words
    • Article
      Lock icon RISES
      104 6 BY CENTS CLOSE UP 5268 245.2 3.3 DBXT FTVietnam 10US! OCBCCaj 5.1%NCPS 100 9400 120.0 1.3 GLD 10US 9362 103.6 0.8 SIA 200 1346 76.0 6.0 SIA.ES.0906 1336 60.0 4.7 S I A 1334 56.0 4.4 JSH 1380 29.2 1.5 India Ni 10 1408 20.0 1.4 :it '.ES.0906 912
      104 words
    • Article
      Lock icon FALLS
      124 6 CLOSE DOWN 6700 -58.4 -0.6 DBXT S&P Short 10US! ;txpo ioo 1426 -54.0 -3.6 DBXT MSTaiwan 10US! 1266 -46.7 -2.5 lardine C&C 1756 -24.0 -1.3 Kej Cor| .ES.0906 687 -18.0 -2.6 China H 10US 1355 -17.5 -0.9 MOIL 129 -13.1 -6.5 Kej ■and.ES.0906 236 -12.0 -4.8 iemb Con ES.0906
      124 words
    • Article
      Lock icon CURRENCIES
      83 6 Where S! stands Jun 9 CHNG CLOSE FRJUI18 YR2009 S$ LOW S$ HIGH uss 1.4602 -0.03 1.5579 1.4308 Euro 2.0339 -0.82 2.0732 1.9150 Pounds 2.3571 -2.03 2.3860 2.0356 1.1593 -1.30 1.1776 0.9453 ren* 1.4883 -0.40 1.7278 1.4831 Rupiah* 0.***** 0.31 0.***** 0.***** Baht* 4.2621 -0.38 4.3390 4.1040 Peso* 3.0722
      83 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      58 7 ■In BORNEO MOTORS (SINGAPORE) PTE LTD 33 LENG KEE ROAD SINGAPORE *****2. LEXUS SALES TEL: *****288/*****811/ n IV/lrktnrc *****822/*****833- OPEN AT: BAM TO 7.30PM. SUN: 10AM TO 6PM. LEXUS SERVICE CENTRE TEL: *****826/*****827. WWW.IeXUS.COIII.Sg DO 111 SO IVI 010 IS FAX: *****651. OPEN MON-FRI BAM TO SPM. SAT: BAM T04.30PM.
      58 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon GSK sets up endowment fund
      550 8  -  ZEINAB YUSUF EDB will boost the $30m fund by a further $20m, says PM Lee PHARMACEUTICALS giant GlaxoSmithKline (GSK) is bearish about the global economic outlook in the short term but its chief executive Andrew Witty sees great potential in Asia. So the company is
      BLOOMBERG  -  550 words
    • Article
      Lock icon Social media marketing gaining ground
      435 8  -  VICTOR KATHEYAS Local chapter of lAB will be set up to promote investment SOCIAL media platforms are gaining ground in Singapore and online industry players are encouraging marketers to make use of them. Following agreement by agencies, publishers and re-sellers of digital advertising in Singapore,
      435 words
    • Article
      Lock icon Tender for URA's Woodlands plot closes on July 7
      238 8  -  KALPANA RASHIWALA By THE Urban Redevelopment Authority (URA) yesterday launched the tender for an industrial site at the corner of Woodlands Industrial Park E5 and Woodlands Avenue 4. The tender closes on July 7. This follows URA's May 26 announcement on
      238 words
    • Article
      Lock icon S'pore, Norway renew maritime R&D pact
      165 8 THE Maritime and Port Authority of Singapore (MPA) and the Research Council of Norway (RCN) have renewed their pact on maritime education, training and research development for another three years. MPA chief executive Lam Yi Young said that the renewal "attests to the success
      165 words
    • Article, Illustration
      Lock icon Survey bares bad driving habits, risky behaviour
      481 9  -  SAMUEL EE AXA hopes to use results of its survey to provide better cover for customers THE results of an inaugural road safety survey by AXA Insurance Singapore could lead to new and interesting ways of selling car insurance here. The motor insurer
      FILE PHOTO  -  481 words
    • Article
      Lock icon Used car exporter in China tie-up
      317 9  -  JOANNE TANG It's building biggest trading facility in Asia A LOCAL used car exporter has tied up with a China state-owned company to develop "the largest global automobile import and export facility in Asia". First Automobile Global Pte Ltd said yesterday that it would
      317 words
    • Article
      Lock icon 'Project Incubation' to launch homegrown labels
      535 9  -  CHEAH UI-HOON By AMERICAN reality TV show Project Runway has launched the careers of fashion designers. Now, Singapore hopes that its "Project Incubation" will launch homegrown fashion labels. Up to 25 fashion designers either fresh graduates or those who have their own labels but
      535 words
    • Article
      Lock icon More top students seek public sector jobs
      314 9  -  MICHELLE YEO By STUDENTS who have done well are now looking more towards public sector jobs the first step being to secure a scholarship. According to the latest annual survey by JobsFactory which owns the BrightSparks scholarship, higher education and career portal the
      314 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      928 8 _L^l V^^ -I- -I_^^«^ I \J Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg U^^j] Head Office: 69 route d'Esch, L-1470 Luxembourg Singapore Branch: 9 Raffles Place, #29-01, Republic Plaza, Singapore *****9 Banque Internationale a Luxembourg Balance Sheet Profit and Loss Account As at December 31, 2008 For the year ended December
      928 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      164 9 %:UULJ™«J IRRESISTIBLE MEETING PACKAGES f T~ j^« Featuring versatile meeting and function space that includes the pillar-less Mandarin Ballroom (accommodates up to H m W&, »^0 people), the newly refurbished Mandarin Court and a series of eight boutique-style Meeting Suites, the Meritus 1 I— ■^•"^•■•C Mandarin is the ideal space
      164 words
Page thumbnail Page 10
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon World Bank, IMF warn of recovery risks
      708 10 Reuters Countries taking too long to cleanse their banks of toxic assets face biggest risk [MONTREAL] The IMF and World Bank said on Monday the path to global economic recovery is rife with risks and the onus is on policymakers to avoid runaway
      Reuters; REUTERS  -  708 words
    • Article
      Lock icon Japan set to delay fiscal goal as debt climbs
      651 10 Reuters [TOKYO] Japan's top economic advisory panel has proposed a new long-term fiscal reform target as the government ramps up spending to get the world's second-biggest economy out of its deepest recession of modern times. The shift comes at a time
      – Reuters  -  651 words
    • Article, Illustration
      Lock icon French, Japanese data show evidence of bottoming out
      498 10 Reuters [BERLIN] France's trade deficit has narrowed and two indexes of Japanese indicators have risen, data showed yesterday, adding to evidence that the global economic downturn is bottoming out. But German exports and imports fell in April, data showed, suggesting that the
      – Reuters; t I REUTERS  -  498 words
    • Article
      Lock icon Fed won't seek powers to issue its own debt
      552 10 Bloomberg [NEW YORK] The US Federal Reserve has backed off from seeking a new tool to forestall inflation, refraining from asking Congress for the power to issue its own debt, according to a person familiar with the matter. Putting off the
      Bloomberg  -  552 words
    • Article
      Lock icon Bangkok may get US$1.5b in ADB, World Bank loans
      610 10 Bloomberg [BANGKOK] Thailand, seeking to buoy its shrinking economy and create jobs, may get as much as US$l.5 billion in loans from the Asian Development Bank and the World Bank to spend on infrastructure projects. "We still have to discuss a
      Bloomberg  -  610 words
Page thumbnail Page 11
  • MALAYSIA
    • Article, Illustration
      Lock icon Malaysian construction sector makes comeback
      613 11  -  S JAYASANKARAN Accelerated spending driven by economics and politics MALAYSIA'S construction sector is coming back with a vengeance as the government accelerates spending to counter the downturn. According to Jon Oh, an analyst with CLSA here, the sector could have outperformed the broader market index
      REUTERS  -  613 words
    • Article
      Lock icon Fitch trims KL's local currency rating
      277 11 Reuters [KUALA LUMPUR] Malaysia's long-term local currency rating has been cut to A from A-plus by Fitch Ratings due to concerns over the growing budget deficit which it sees at 7.7 per cent of gross domestic product this year. Fitch yesterday changed its outlook
      ■ Reuters  -  277 words
    • Article
      Lock icon Moves to calm tension over sea spat
      225 11 Reuters [KUALA LUMPUR] Malaysia sent its armed forces chief to Indonesia yesterday to soothe tensions over disputed waters, saying the two countries must temporarily stop maritime patrols there to reduce the risk of a confrontation. The navies of both countries have faced off
      Reuters  -  225 words
    • Article
      Lock icon Sims Group unit to invest in copper facility
      397 11  -  PAULINE NG A SUBSIDIARY of the Sims Group plans to invest RMIOO million (5541.3 million) in a copper wire and rod making facility in Malaysia, with production to commence next year with an initial monthly output of 1,000 metric tonnes. At a
      397 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      71 11 I fmil km I fill !PR 111 111 I I b\l| t f Jf^k ll| 11 g^l B llj I \v I I 11 11 'IE IHjjf? I II i I I^H^^lj^m If B^^^^^^^W Hj^^ m H W^^ 2 ll'* ill I I^^E E SI 1 U a^^^E 1 II
      71 words
Page thumbnail Page 12
  • GREATER CHINA/INDIA
    • Article
      Lock icon China does not intend to abandon dollar
      651 12 Reuters, AFP [BEIJING] China, the world's largest holder of foreign exchange reserves, has no intention of abandoning the US dollar, Vice-Foreign Minister He Yafei said yesterday. He was speaking at a news briefing on President Hu Jintao's forthcoming trip to Russia, where he
      Reuters, AFP  -  651 words
    • Article
      Lock icon Mirror image of '08 as stocks rise, treasuries sink
      766 12 -NYT Investors who cooled off last year have begun to return to stocks [NEW YORK] The Treasury market has been wobbly, but the stock market has rallied along with commodities, junk bonds and a wide range of other relatively risky asset
      -NYT  -  766 words
    • Article, Illustration
      Lock icon Stimulus driving up China car sales dramatically
      401 12 Bloomberg May sales soar 47%, the biggest jump since Feb 2006 [BEIJING] China's passen-ger-vehicle sales rose 47 per cent in May, the biggest jump since February 2006, as tax cuts and government subsidies helped extend the country's lead over the US as the
      Bloomberg; AFP  -  401 words
    • Article, Illustration
      Lock icon India has room to raise public spending: PM
      491 12 j.a.l i die vi Reuters i [NEW DELHI] India can counter the global slowdown through public spending, particularly on infrastructure, but that alone will not restore the economy to 9 per cent growth rate, Prime Minister Manmohan Singh said yesterday. The government,
      j.a.l i die vi – Reuters i  -  491 words
    • Article
      Lock icon Beijing eases controls on overseas lending
      432 12 Bloomberg Move could boost firms' financing for businesses abroad [BEIJING] China's top currency regulator relaxed controls on overseas lending, estimating the measures could encourage as much as US$3O billion of new financing for businesses to expand abroad. Companies will be allowed to lend as
      – Bloomberg  -  432 words
    • Article
      Lock icon Goldman's 'dark pool' popular in HK market
      319 12 Od __j_ Reuters [HONG KONG] Goldman Sachs said yesterday that the average daily trading value of its new "dark pool" platform soared 12-fold in the last two months. The New York bank launched its SIGMA X Hong Kong product in March as a
      Od __j_ Reuters  -  319 words
Page thumbnail Page 13
  • WORLD
    • Article, Illustration
      Lock icon Supreme Court move delays Chrysler sale
      760 13 NYT It considers whether to hear objections of state funds and consumer groups [WASHINGTON] The Obama administration's effort to hurry Chrysler through bankruptcy court ran into an unexpected last-minute delay on Monday, when the Supreme Court said it would consider whether to hear the
      NYT; AFP  -  760 words
    • Article
      Lock icon Shell settles Nigeria executions suit for US$15.5m
      328 13 AP [NEW YORK] Royal Dutch Shell agreed to a US$l5.5 million settlement on Monday to end a lawsuit alleging that the oil giant was complicit in the executions of activist Ken Saro-Wiwa and other civilians by Nigeria's former military regime. Shell, which continues
      AP  -  328 words
    • Article, Illustration
      Lock icon Go unconditional, F1 teams urged
      483 13 Reuters [LONDON] Formula One's governing body has told members of the teams' association FOTA to submit unconditional entries immediately if they are to have a say in next season's rules. FOTA, which now numbers eight of the 10 teams including champions Ferrari, have submitted conditional
      – Reuters  -  483 words
    • Article
      Lock icon Berne in talks on ÜBS stake as lock-up ends
      695 13 Reuters But no decision yet to convert debt into shares or sell them [ZURICH] The Swiss government is in talks over its investment in ÜBS with various parties but has not yet decided to convert its debt into shares or sell
      – Reuters  -  695 words
    • Article
      Lock icon Porsche in talks with Qatar on possible stake sale
      294 13 Reuters [HAMBURG] Porsche SE is in exclusive talks to strike a deal with the Gulf state of Qatar that could ease the German automotive holding's debt burden, Porsche said yesterday. The move could pave the way for the Porsche and Piech
      – Reuters  -  294 words
    • Article
      Lock icon Obama pledges to boost stimulus, save 600,000 jobs
      691 14 —j O' -AP US leader faces souring public opinion over economy [WASHINGTON] President Barack Obama has promised to ramp up spending from the US$7B7 billion stimulus fund and create or save 600,000 jobs by the end of the summer. It's an effort
      —j O' " -AP  -  691 words
    • Article
      Lock icon US car parts firms plan to seek more govt aid
      513 14 -LAT-WP [WASHINGTON] Car parts suppliers are planning to ask the Obama administration for an additional US$B billion to US$lO billion in federal aid. The Motor and Equipment Manufacturers Association is preparing to present its proposal for several aid programmes today
      -LAT-WP  -  513 words
    • Article, Illustration
      Lock icon BOA paying legal fees for Mozilo of Countrywide
      460 14 Bloomberg [NEW YORK] Bank of America Corp, already on the hook to the US government for US$45 billion, has another bill to worry about: Angelo Mozilo's legal fees. Mr Mozilo, the ex-Coun-trywide Financial Corp head, sued for insider trading last week, is
      – Bloomberg  -  460 words
    • Article, Illustration
      Lock icon Brown survives ouster attempt, vows to improve
      711 14 -AP, AFP [LONDON] British Prime Minister Gordon Brown has survived the most serious test of his leadership, offering his critics a humbling promise to improve after his governing Labour Party suffered its worst electoral results in a century. Mr Brown made a rare
      -AP, AFP; AFP  -  711 words
    • Article, Illustration
      Lock icon Too much garbage, too few fish in world's seas: officials
      498 14 Reuters [WASHINGTON] The world's seas are filled with too much garbage and too few fish with flimsy plastic bags and government subsidies bearing much of the blame, activists and trade officials said on Monday on the first UN World Oceans
      – Reuters; REUTERS  -  498 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      506 13 It's Time to End the Expensive ICT Chaos (wkrkACEl HiWH V_^ The <ha°* Killer Wvf&M Main Functional PaitsofWorkACE.com Only $U519.95/month Business Process Management System monthly commitment {programs, projects, events) Business Ecosystem Management System Get 1 month FREE usage (CRM.SCM) for 5 people Content Management System at CommunicAsia2oo9 (endless number of
      506 words
Page thumbnail Page 14
Page thumbnail Page 15
  • TransportHUB
    • Article, Illustration
      Lock icon Rotterdam port CEO hopes for recovery in Q4
      542 15 Reuters He says it would take 3-4 years for cargo volumes to return to 2008 levels [ROTTERDAM] The chief executive of Rotterdam port, Europe's biggest, hopes to see small signs of a recovery in cargo volumes during the fourth quarter of 2009
      – Reuters; FILE PHOTO  -  542 words
    • Article
      Lock icon Container shipping faces challenging times
      1111 15 THE global financial crisis has wreaked havoc on the world economy and has impact on almost every industry. Deteriorating market conditions affect the entire shipping industry, and the container industry is among the worst hit. Shrinking demand and increasing tonnage make for a bleak outlook.
      1,111 words
    • Article
      Lock icon Bleak outlook for container shipping
      778 15  -  DAVID HUGHES STRAIT TALK READERS of this column who have long memories will remember that I commented way back when P&O Containers and Nedlloyd merged that P&O chairman Lord Sterling was one of the few shipping executives to behave rationally. When the merger took place,
      778 words
    • Article
      Lock icon Ecospec system gets ABS approval
      167 15 HOMEGROWN oil and water treatment technology company Ecospec Global Technology said yesterday its CSNOx system has been awarded product design-type approval by the American Bureau of Shipping (ABS), paving the way for commercial installation aboard vessels. The approval is a milestone in the commercialisation process
      167 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Bio-fuel may be commercially viable by 2015
        508 16  -  VEN SREENIVASAN Move in line with airline sector's green aims: halving carbon emissions by 2050 COMMERCIAL airliners could be powered by a mixture of bio-fuel and traditional jet kerosene within six years, according to the International Air Transport Association (lata). PaulSteele, lata director
        508 words
      • Article, Illustration
        Lock icon Airline chiefs dismiss safety fears over Airbus A330 planes
        637 16 -AP lATA AGM [KUALA LUMPUR] Several airline chiefs dismissed safety fears over the Airbus A330 yesterday, saying they were confident of the plane's reliability despite last week's Air France jet crash. Emirates airlines president Tim Clark said the Du-bai-based company has
        -AP  -  637 words
      • Article
        Lock icon GE Aviation sees orders down 50% this year
        340 16 Reuters [KUALA LUMPUR] GE Aviation, a unit of General Electric Co and the world's largest maker of jet engines, expects orders this year to halve as airlines slow plane buying amid a slump in travel demand. Jack Lutze, vice-president of sales for
        – Reuters  -  340 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Superbike segment is slow but steadier in Singapore
        682 17  -  SAMUEL EE Superbikes here can cost anywhere in the region of $30,000 to $135,000 THE Singapore exotic superbike market is relatively resilient compared with other countries in Asia, and sales may have slowed because of the economic crisis but they remain steady,
        DUCATI  -  682 words
      • Article
        Lock icon Honda still going strong in the US after 50 years
        341 17 ■AFP [CHICAGO] Fifty years after Honda got its US start selling motorcycles off the back of a pickup truck, the Japanese carmaker is one of the most popular and top-rated car companies in the United States. "The meticulous way they've
        ■AFP  -  341 words
      • Article
        Lock icon FedEx launches campaign against UPS over FAA bill
        387 17 Reuters [CHICAGO] Package delivery company FedEx Corp launched a campaign yesterday attacking main rival United Parcel Service Inc (UPS) over a bill in Congress that FedEx said amounts to a bailout for UPS. The Internet campaign at www.brownbailout.com which went live yesterday
        – Reuters  -  387 words
      • TRANSPORT STOCKS
        • Article
          Lock icon SGX
          107 17 '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 0.50 0.25 1.36 0.54 1.26 0.62
          107 words
        • Article
          Lock icon KLSE
          37 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.88 8.50 8.45 3.28 2.79 0.02 0.10 0.01 unch unch -0.04 unch -0.01 unch 172 0 919 1829 1 10 6491
          37 words
        • Article
          Lock icon BANGKOK
          16 17 ■oo km 9 Bahl Vol ■recious Ship Jegional Cont .17.10 ...8.75 0.30 0.40 403) 211:
          16 words
        • Article
          Lock icon HONGKONG
          11 17 '000 Doil iingamas Cont 34.20 1.01 -1.85 231! -0.09 *****
          11 words
        • Article
          Lock icon PHILIPPINES
          22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 16.75 unch unch 0.30 -0.25 unch unch 891 1882 0 0
          22 words
        • Article
          Lock icon TAIPEI
          21 17 Evergreen Marine ....17.30 :irst Steamship 44.25 ManHai Lines 15.80 r"ang Ming Marine ..12.55 -1.00 -3.30 -0.45 -0.75 1! I 3(
          21 words
        • Article
          Lock icon TOKYO
          40 17 '000 (awasaki Hvylnd ..216.00 -2.00 639! (awasaki Kisen 422.00 -11.00 558! Mitsubishi Hvy 373.00 -3.00 3495' i/litsui Eng&Sbldg ..229.00 2.00 869: l/litsui Osk Lines 655.00 -15.00 1488) Nippon Express 404.00 -10.00 363( JipponYusen 437.00 -10.00 993! 'iource: Thomson Reuters
          40 words
      • Article
        Lock icon Michelin begins revamp of S'pore dealers
        461 17  -  SAMUEL EE By MICHELIN has begun a $250,000 branding campaign in which its dealers' premises here will be revamped as part of a plan to lift its corporate image and the professionalism of its local representatives. The French tyre maker is the top brand
        461 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2611 17 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
        2,611 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      71 15 NO CONSIGNMENT TOO SMALL FOR SHIPMENT. HEHME3IHID FROM DHL Even when your consignment is less than a container, you can ship it anywhere across the world. With LCL Ocean Freight from DHL. What's more, you pay only for the space you use. Add to that DHL's global network systems, first-class
      71 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      60 16 Delivering solutions. |UP| SCHENKER M^^WPn' We provide everything for your needs day or night. Markets constantly change and therefore call for flexible and innovative logistics solutions, which we deliver to you. DB Schenker works around the clock to strengthen our customers' business growth, competitiveness, and success Kg^^nffl^^^^^B^^^^^^ anytime and all
      60 words
Page thumbnail Page 17
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      379 17 CRYPTIC CROSSWORD ACROSS ing (11) -9 Old emperor's home with I 10 Our ma getting upset, need- PHI ing support in respect of I self-esteem (5,6) f^^Mß^^^Bß I I I I H 881 11 Mark will go around hospital 14 Star'urries following worker r^ 16 English with many posses- 7g~~^^
      379 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article
      Lock icon Time for pro-active social policies
      483 18 OVER the last few months, the government made several announcements on social policies that were perhaps overshadowed by news of roiling global financial markets, dramatic developments on the Korean peninsula and the Aware saga. These announcements deserve to be revisited, if only because they mark
      483 words
    • Article, Illustration
      Lock icon In search of the happy median in oil price
      1205 18  -  RONNIE LIM The oil price is not the equilibrium between oil supply and demand, says Shell CEO IS THERE a Goldilocks oil price not too hot, not too cold, but just right to help global economies through the downturn? True to
      z± I REUTERS  -  1,205 words
    • Article, Illustration
      Lock icon Nations need to come to terms with their history
      767 18  -  FRANK CHING THE BOTTOM LINE LAST week marked the 20th anniversary of the Tiananmen Square demonstrations, which culminated in the death of hundreds, possibly thousands, of people. In Hong Kong, the annual candlelight vigil at Victoria Park was attended by some
      767 words
    • Article, Illustration
      Lock icon Asean and Korea – a new partnership
      1679 19  - Asean and Korea a new partnership RAY FERGUSON In many ways, it epitomises the evolving dynamics that is turning Asia into a global economic powerhouse SOUTH-EAST Asian leaders who converged last week on the picturesque Korean island of Jeju to mark the 20th anniversary of formal ties between Asean and
      BLOOMBERG  -  1,679 words
    • Article
      Lock icon Market rally needs a good tale for investors
      772 19  -  MATTHEW LYNN By T PLENTY of people will dismiss the recent stock-price recovery as a dead-cat bounce. Even more will call it a bear-market rally. Yet as equity prices creep higher, the bears may soon have to concede defeat. The Standard Poor's
      772 words
    • Letter
      Lock icon Reintroduce cash market to fix short-selling problem
      291 19  -  Denis Distant LETTER TO THE EDITOR I REFER to the letter, "Overselling: trading system is flawed" from The Society of Remisiers, Singapore (BT, June 9). My letters pointing out the flaw in SES/SGX trading system which does not block short sales have appeared
      291 words
Page thumbnail Page 19
Page thumbnail Page 20
  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Playing out a Long Life on stage
      735 20 The award-winning production which deals with the topic of old age, promises to be a multi-layered, highly nuanced production, writes CLARISSA TAN THEATRE is like a game, with the actors playing different parts, but what if, over and above inhabiting specific roles, the
      735 words
    • Article
      Lock icon Dreams which fizzle in reality
      461 20  -  AMANDA DE GUZMAN By A WORK of art has to be made of pretty compelling stuff if it requires you to walk briskly for 40 minutes in the crowded hubs of Chinatown and the Central Business District during peak hours. While the idea behind both
      461 words
    • Article, Illustration
      Lock icon Grimly exploring the dark Invisible Room
      577 20  -  CHRISTOPHER LIM By IT may be a compliment for an audience when a performance is such that it demands a great deal from it simply because the creators believe that the public is capable of rising to the challenge. Of course, it's also a
      577 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      3002 20 A WATS /^T^sX PCA Technology Limited \\i \j) (Registration No. *****0938N) pmSSSology Notice of Annual General Meeting NOTICE IS HERESY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at 4 Loyang Lane #05-02 Loyang Industrial Estate, Singapore *****4 on Friday, the 26th day of June
      3,002 words
Page thumbnail Page 21
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8518 21 Transaction date: Jun 9 Hi* !-wks Tel Low Code Com[ Sale ('000) Hii Low Bu] fer Seller C'vr P/E $mil >an] 8 3 3148 STelecom 10 2.5 5834 A-Soni( 30.5 12 5000 ABR Hld'is 15 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 71
      8,518 words
    • Article
      Lock icon SGX CATALIST
      1656 22 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 32 12 8538 t APStrategic 4 0.5 1501 s Advanced System 9.5 2 3480 t Adventus 27.5 8.5 3518 s Afor 15.2 2 1524 t Alantac 19.5 3.5 7814 t
      1,656 words
    • Article
      Lock icon SGX ETF
      356 22 _Hm Low Code Comi Sale COOP) _Hm _Buj Seller C'vr P/E Smil 109 100 6389 ABF SG Bond ETF 934 427 CIMBAsean40 1OOUS$ 246 149 DBS STI ETF 100 2772 1682 DBXT FTChina25 1OUS$ 5268 3228 DBXT FTVietnam 1OUS$ 1388 850 DBXT MSTaiwan 1OUS$ 9958 5220 DBXT Nifty
      356 words
    • Article
      Lock icon CLOB INTERNATIONAL
      247 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      247 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9215 22 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.842/ AIGIF S'pore Bond Fund/ A 1.255/ 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 0.5102/ APS Komaba
      9,215 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      17 21 ROYAL OAK OFFSHORE COLLECTION 'S»J*l£^' "^'"^WillT^^^."''- ff WOjjpl.!!jP^ For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com j^^^^^^^^kaß S-—
      17 words
Page thumbnail Page 22
Page thumbnail Page 23
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 8 World Index Preliminary 709.0 -0.8 4.6 -0.8 6.6 -1.2 5.. t EAFE Preliminai 679.0 -0.5 4.6 -0.9 6.6 -1.3 5.4 Euro[ Prelim inan 928.9 -1.0 1.9 -1.3 6.1 -1.7 4.!
      366 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 23 As at 9am Jun9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1430 1.1770 .an dollar 1.2980 1.3130 Euro 2.0140 2.0370 NZ dollar 0.8990 0.9180 jterlini ind 2.3260 2.3530 US dollar 1.4460 1.4630 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      150 23 Jun9 )vernight I-month '-months 3-months Overnight mode: 1/8 JS$ 1/16 7/16 9/16 11/16 Offer PAR 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.42 0.75 0.85 1.20 1.90 2.00 Offer 0.25 0.32 0.45 0.65 0.90 1.50 1.60 Bid
      150 words
    • Article
      Lock icon STOCK INDEX FUTURES
      10 23 Jun9 STI IIMSCI Jun 282.7 286.7 284.8
      10 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 9 s$ Bid Offer 1-month 1.4593 1.4609 2-months 1.4593 1.4609 3-months 1.4592 1.4608 6-months 1.4590 1.4608 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      58 23 Jun9 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position lun 09 2480 lul 09 2494 Hug 09 2480 >ep 09 2485 Total o/p: ***** contracts 2480 2480 2465 2465 2509 2450 2465 2504 2441 2463 2498 2438 Turnover: ***** Market tone: Lower
      58 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      304 23 Jun 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3450 99.1550 98.7000 98.3350 5835 8854 4629 3993 EUROYEN TIBOR FUTURES JunO9 99.445 99.445 SepO9 99.500 99.510 DecO9 99.510 99.510 Mar10 99.500 99.500 Jun10 Sep10 Dec10 Mar11 99.440 99.500 99.510 99.500 99.445 99.515
      304 words
    • Article
      Lock icon SICOM FUTURES
      191 23 Jun 9 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) lul 09 168.0 \ugO9 167.3 iepO9 167.0 DctO9 167.0 \lov09 Dec 09 168.7 167.5 167.2 167.0 167.0 168.7 168.0 167.5 168.0 166.0 166.0 166.0 44 40 60 60 40
      191 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 23 Jun9 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****V 10.09.09 1-Year BY*****W 03.05.10 0.23 0.34 0.16 0.16 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year
      87 words
    • Article
      Lock icon CHICAGO BOT
      102 23 Juns\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1232.50 1225.50 1239.75 1216.00 Aug 09 1166.50 1171.50 1184.00 1157.25 Sep 09 1096.00 1101.00 1112.75 1085.00 Nov 09 1051.75 1061.75 1073.25 1042.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 39.40 39.73 39.93 39.16
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Jun 8 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 68.89 0.59 WTI (Near Mth) 68.67 0.17 Dubai (1-Mth F) 67.14 -0.89 Tapis blend 71.65 -0.50 Minas 70.20 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene S0.00 72.88 -2.77 -0.87 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      446 23 Jun9 iuro 'en (on 'eso lam 'ouni Australia 0.882 5.418 0.569 6.145 37.626 79.825 0.778 10.016 2.792 1.274 64.240 37.677 1.157 6.459 0.863 26.030 27.138 0.491 0.793 Canada 1.134 6.145 0.645 6.969 42.671 90.529 0.882 11.359 3.167 1.445 72.855 42.729 1.313 7.325 0.978 29.520 30.777 0.557 0.899
      446 words
    • Article
      Lock icon SIBOR
      75 23 Jun 9 (US$) (S$) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) ..0.***** ...0.***** ...0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.*****
      75 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 23 Jun9 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1566 1.1581 0.7926 0.7928 Canadian dollar 1.3116 1.3136 0.8988 0.8992 Euro 2.0340 2.0364 1.3938 1.3940 NZ dollar 0.9077 0.9093 0.6220 0.6225 Sterlini md 2.3541 2.3569 1.6132 1.6134 US
      156 words
    • Article
      Lock icon PRECIOUS METALS
      136 23 Jun 9 /oz) lun lun long Kong .ondon 946.50 950.40 947.50 951.40 Jun OS Jun 08 959.50 947.80 960.50 948.80 Source: Thomson Reuters CAST BAR (S$) Jun 09 Buying Sellini Kilobar "47,779.78" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm JOgm OOgm oz ozUBS Kinebar™
      136 words
    • Article
      Lock icon LONDON METALS
      69 23 JunS\ Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 1590.00 3 months 1620.00 1541.50 1572.00 Copper, Grade A (US$/tonne) Cash 3 months 4960.00 4980.00 4960.00 4980.00 Lead (US$/tonne) Cash 1647.00 3 months 1669.00 1654.00 1675.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      72 23 Jun 8 (£/tonne) Close Prev Hii ih/Low Jul 09 1764 unch 1786/1751 SepO9 1765 1767 1786/1754 Dec 09 1759 1760 1775/1747 Mar 10 1751 1750 1767/1736 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1537 1548 1540/1525 SepO9 1549 1560 1550/1538 Nov09 1560 1571 1560/1545 SUGAR (US tonne) White Close
      72 words
    • Article
      Lock icon BONDS,WARRANTS & EXTENDED SETTLEMENT
      2506 23 BONDS,WARRANTS EXTENDED SETTLEMENT Tel Code Company Last Sale Vol Conv Exer +or- ("000) Ratio Price 'rem Expiry Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 2036 Advance SCT Ltd W*****9 3.5 unch 975 0.5 15 87 23 4.29 994 16.00 59 14 9092 Asia Environment W*****4 3816 #Asiasons Capital Ltd
      2,506 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      2935 24 m The Business Times Shipping Times M HHI.^ KPI WW -WHS HP jjHHH WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M £^7^| W ____L^_E JMlMTPffP'rwMfwmlfflfl %TxKl\lAfAM UAI I llirr TEL *****588 (KLINES) FAX:*****163 _____l^™ 1 A^B ____J^^^H B T7^_l^^^^__i _____Uil^_MS wM^mtmißt V\^^4 I WAN HAI INtj PKL TEL: (03>
      2,935 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      3229 25 r^VHHEIEII^BSiH^^ 1 F EASTERN CAR LINER, LTD I[@ SJStJ r///« H2Sb n~ SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE mmammmmmmmm^mmamammmmammm^mm^m^mm^mmmmmmmammmmmmm^^mmm^^mm 7 mmmmmmmm^ [TiTOTOjgg™ I VOY I Romp(KT) I tillinq(KT) I MNt I MUA I SIN I PKL )KT lUP 1 '■■■■■■■WrKrjJ-!^^ PCL/PHL SERVICE AMX SERVICE
      3,229 words
Page thumbnail Page 26
  • executive Money
    • Article
      Lock icon Asians mostly unfazed by downturn
      485 26 Survey finds that Hongkongers, Indians and mainland Chinese are the most optimistic, reports GENEVIEVE CUA ASIANS are fairly resilient and optimistic amid the economic downturn, a survey by Canadian insurer Sun Life Financial has found. The survey did not include Singapore but covered China, India,
      485 words
    • Article, Illustration
      Lock icon Myths that stand in the way of investors
      1669 26  -  SHANE OLIVER GIVEN the complexity of investment markets and investing, along with the massive amount of information available to investors, many people rely on logic based on "common sense" or simple "rules of thumb" in making investment decisions. However, while some such
      REUTERS  -  1,669 words
    • Article
      Lock icon Private banks have failed their customers
      1025 27  -  STEPHEN DAVIES By LAST year was a watershed year for the financial markets in many respects, as the "great unwinding" of multi-year leverage made itself felt across many asset classes. Anything or anyone that relied on debt to "juice" investment came under pressure as
      1,025 words
    • Article, Illustration
      Lock icon Poking holes in a theory on markets
      1504 27 NYT The efficient market hypothesis, near dogma for decades, has taken some serious body blows [NEW YORK] FOR some months now, Jeremy Grantham, a respected market strategist with GMO, an institutional asset management company, has been railing about of all things the efficient
      NYT; AP  -  1,504 words
    • Article
      Lock icon Hedge funds on the way to recovery
      486 27 NYT [NEW YORK] Hedge funds are beginning to recover from the huge losses they suffered last year, as May turned into one of the best performing months in ryOn average, hedge funds climbed 5.23 per cent last month, leaving them up 9.43 per
      NYT  -  486 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      153 26 Ir-1 V I -<■- I I i f I I I /mi Watching over your security needs L v I1 ait. L IHl^^. li I '^1 t I^^ M fl V |r l I V ,ff\ I tI I^^H S At AETOS, we understand your need to safeguard all that
      153 words
Page thumbnail Page 27
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      1031 28 I Accumulating wealth is one thing. I I Keeping it, and passing it on to your loved ones, w I I is another. That takes planning. i A I I tk m I Ik A UK* For many people, especially in families of affluence, the one thing more challenging than
      1,031 words