The Business Times, 16 June 2009

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Microfilm: NL30044
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.COm.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA(P) 197/08/2008 Tuesday, June 16,2009
    19 words
  • Article, Illustration
    Lock icon Banks tweaking pay to rein in pushy sales staff
    922 1  -  CONRAD TAN This will affect the way products are sold to customers By [SINGAPORE] Banks here are changing the way they train and pay their frontline sales staff and relationship managers (RMs), in response to recent complaints about mis-selling in the
    922 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 ICOMP 1,091.17 +1.02 IIKKEI225 10,039.67 -96.15 JANG SENG 18,498.96 -390.72 ;et INDEX 611.92 -16.63 JAKARTA COM P 2,069.87 -21.06 IANILACOMP 2,612.85 +14.05 ;eoulcomp 1,412.42 -16.17 IHENZHEN B 460.32 +8.08 IUMBAI IND 14,875.52 -362.42 12 noon EDT Cham )OW 8,597.09 -202.17 IASDAQ 1,807.48 -51.32
      44 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.165 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
      43 1 IS$ (S$ per US$) 1.457 (USS/SS ier£) 1.633 2.379 ;UR0 (US$/S$/E) 1.388 2.022 Foreii in curreno ier US$ 1$ 'EN 98.20 67.40 3.527 2.421 N<$ 7.751 5.321 !AHT 34.21 23.49 lUPIAH 10,145 6,964 lENMINBI 6.839 4.695 INDIAN RUPEE 47.93 32.90 1.249 0.857
      43 words
  • Article, Illustration
    Lock icon Private home sales keep defying caution
    717 1  -  EMILYN YAP Developers sold year-high 1,668 units in May amid discounts and improved sentiment By [SINGAPORE] The buds of recovery sprouting in the private home market since February seem to have blossomed in May. Developer sales for the month hit 1,668 units a record
    : Colliers International, LIRA  -  717 words
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      1 1 8"*****r*****4'
      1 words
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      44 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      68 1 STORE ARTS FEST pHr,^^__^^ PROPERTY SPORE ECONOMY SME INC 4^l A quirky miscellany of "^t?Hi^ Don't buy S-Reits Gloomy Ql saw jobs lost, The meat in the creative enjoyment I on high yield spread salaries cut sandwich RAGE 23 S^ 1 w S\ RAGE 32 RAGE 2 PAGE 10 V.
      68 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Private home sales keep defying caution
        47 2 DEVELOPER sales in May has hit 1,668 units a record for the year and 37 per cent more than the 1,214 in April. More transactions also occurred in the high-end sector at prices above $2,000 per square foot (psf). FRONT PAGE
        47 words
      • Article
        Lock icon Banks tweaking pay to rein in pushy sales staff
        50 2 BANKS here are changing the way they train and pay their front- line sales staff and relationship managers (RMs), in response to recent complaints about mis-selling in the industry and new guidelines on how financial institutions should treat customers. FRONT PAGE
        50 words
      • Article
        Lock icon Gloomy first quarter saw jobs lost, salaries cut
        50 2 THE first three months of the year were even bleaker for the Singapore economy than earlier thought. More workers were fired than initially estimated and even nominal earnings fell for the first time in more than six years. TOP STORIES, PAGE 2
        50 words
      • Article
        Lock icon 4 banks to help A-Reit raise $275m: report
        67 2 ASCENDAS Real Estate Investment Trust is said to have hired four banks to help it raise $275 million to pay maturing debt. When contacted yesterday, Tan Ser Ping, CEO of the trust manager, would only say: "We have always been and will
        67 words
      • Article
        Lock icon SIA feels full impact of low travel demand
        58 2 SINGAPORE Airlines filled just twothirds of its seats in May as it felt the full force of the slump in demand for air travel amid the absence of any holiday period. Passenger load factor fell to 66.9 per cent, from 74.7 per
        58 words
      • Article
        Lock icon FX volatility seen as hampering expansion
        68 2 A THIRD of Singapore businesses expect foreign exchange rates to affect their business unfavourably in the next three months, according to a trade sentiment survey of small and medium-sized enterprises (SMEs) in Asia. In a surprise finding, firms in the region rated volatile currency
        68 words
      • Article
        Lock icon Turnaround seen in Asia hedge fund flows in Q3
        82 2 ASIA-BASED hedge funds will see a turnaround in inflows in the third quarter as investor confidence returns, but new players may still struggle on concerns over risk controls in the scandal-hit industry, predict industry players. Like their counterparts in Europe and
        82 words
      • Article
        Lock icon Latvian troubles reminiscent of Asian financial crisis
        75 2 AS Latvia struggles to pull itself out of the maelstrom of economic collapse, concern has mounted that the Baltic state's crisis could spill beyond its borders in an echo of Asia's 1997 meltdown. Analysts warn that maintaining the lat-euro peg appears increasingly untenable
        75 words
      • Article
        Lock icon Foreign direct investment in China still falling
        61 2 FOREIGN direct investment in China fell for an eighth month from a year earlier as companies cut spending to weather the worst economic slump since the Great Depression. Investment slid 17.8 per cent in May to US$6.3B billion, the commerce ministry said yesterday,
        61 words
    • Article
      Lock icon Gloomy first quarter saw jobs lost, salaries cut
      703 2  -  CHUANG PECK MING 72% of layoffs were in manufacturing; nominal pay down Ist time in over 6 yrs By [SINGAPORE] The first three months of the year were even bleaker for the Singapore economy than earlier thought. More workers were fired than
      703 words
    • Article, Illustration
      Lock icon Russia signals no alternative to US dollar
      720 2 Bloomberg [WASHINGTON] Russian Finance Minister Alexei Kudrin said that the US dollar is in "good shape", further affirming that there's no substitute for the world's reserve currency. Mr Kudrin rushed to reassure investors of Russia's confidence in the US dollar just days after
      Bloomberg; AP  -  720 words
    • Article, Illustration
      Lock icon S'pore-KL cooperation needs to be entrenched: MM Lee
      607 3  -  S JAYASANKARAN Investors will come if they also see that cooperation is across the board By: in Kuantan MINISTER Mentor Lee Kuan Yew said yesterday that bilateral and investment relations between Malaysia and Singapore would only be meaningful if mutual cooperation was
      AZIZ HUSSIN/THE STRAITS TIMES  -  607 words
    • Article
      Lock icon Changes to CDP clearing fund structure proposed
      729 3  -  TEH SHI NING By [SINGAPORE] The Singapore Exchange (SGX) yesterday proposed changes that will require each of its securities clearing members to contribute at least $1 million in cash four times the current minimum to the Central Depository (CDP)'s clearing fund. CDP will
      729 words
  • Page 2 Advertisements
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      195 2 A member of ya| psb Acader It's about keeping pace with a tumultuous business world. Equip yourself with updated knowledge and a prestigious MBA to move ahead in your career. PSB Academy and The University of Nottingham believe in bringing relevant learning to managers and professionals who are both discerning
      195 words
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      Lock icon Page 2 Advertisements Column 2
      74 2 k Fantasy Waterbeds Pte Ltd "^^k 5jf)f* Where Sleep Matters. Best assured Now you can finally experience complete holistic sleep and all the benefits that come with it. "Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex AfM Memory Foam Spring Mattresses —M Feather Down Pillows/Quilts M|
      74 words
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      Lock icon Page 2 Advertisements Column 3
      62 2 Prestigious Business Address Panoramic city. Fountain of Wealth and sea views Integrated ancillary business facilities Units from 900 sq ft to 27,000 sq ft available to meet diverse business needs Fitted out units available Ample car parking For leasing enquiries, please call: 6825 2845/6825 2835 Owner: REW Manager: Property Manager:
      62 words
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      43 3 A. A >]Py jEii^flH ft iFlat Front, Regular Fitl Regular Fitj '4 |IBFIat Front, Comfort FitEs\ (pleated, Comfort Fir DOCKERS |!—*"^—*—^^^^^^^lBbßll ■"■lll ■^^■^■^■■888 I DOCKERS -gj SAN FRANCISCO Raffles City Suntec City Vivo City BHG Bugis Isetan Tampines Metro Paragon Takashimaya Dept Store
      43 words
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  • COMPANY NEWS
    • Article
      Lock icon Four banks to help A-Reit raise $275m: report
      353 4  -  NISHA RAMCHANDANI Three development projects completed by the Reit in FY 2009, says CIMB By ASCENDAS Real Estate Investment Trust (A-Reit) is said to have hired four banks to help it raise $275 million to pay maturing debt. According to a Bloomberg
      353 words
    • Article, Illustration
      Lock icon Ex-Pakistan prime minister joins M&C Hotels board
      318 4  -  NISHA RAMCHANDANI By FORMER prime minister of Pakistan Shaukat Aziz is one of three independent, non-executive directors joining the board of Millennium Copthorne Hotels (M&C) today. The other two on the board of the City Developments subsidiary are author Alexander Waugh and Nicholas
      FILE PHOTO  -  318 words
    • Article
      Lock icon MI-Reit clears conditions for further debt extension
      343 4  -  JOYCE HOOI $202.3 m debt facility now due to Aussie lenders on Dec 31 By THE managers of MacarthurCook Industrial Reit (MI-Reit) MacarthurCook Investment Managers (Asia) Ltd announced yesterday the fulfilment of conditions needed for the extension of MI-Reit's $202.3 million debt facility.
      343 words
    • Article
      Lock icon StarHub joins regional submarine cable venture
      239 4  -  WINSTON CHAI By STARHUB has joined eight other regional operators for a new undersea cable project to boost high-speed data connectivity within Asia. The group plans to build an 8,000 km fi-bre-optic cable system across the Asia-Pa-cific region linking Malaysia, Singapore, Thailand, Vietnam, Hong
      239 words
    • Article
      Lock icon HK Land sets up US$3 billion guaranteed note programme
      272 4  -  NISHA RAMCHANDANI By PROPERTY investment, management and development group Hongkong Land has established a US$3 billion guaranteed medium-term note programme to raise funds when necessary. The programme allows for the issue of notes in multiple currencies, with a tenor of up
      272 words
    • Article, Illustration
      Lock icon When 'working capital' doesn't work
      725 4  -  R SIVANITHY AFTER the March revamp of its listing rules, the Singapore Exchange (SGX) now requires companies to disclose fuller details when raising funds from the public, either via initial public offers (IPOs) or rights issues; in other words, vagueness is not allowed, presumably based
      725 words
    • Article
      Lock icon Asia Tiger's investment in waste firm to yield results soon
      233 5  -  VINCENT WEE By INVESTMENT holding company Asia Tiger Group's £2.9 miUion (556.9 million) investment for a 21 per cent stake in UK-based waste management company Think Environmental should start paying off soon as it expects to begin operation of a
      233 words
    • Article, Illustration
      Lock icon SIA feels full impact of low travel demand
      446 5  -  YEN SREENIVASAN May passenger load fell to 66.9% from 74.7% a year earlier By SINGAPORE Airlines (SIA) filled just two-thirds of its seats in May as it felt the full force of the slump in demand for air travel amid the absence
      446 words
    • Article
      Lock icon Karin's China subsidiaries buy new office premises
      325 5  -  JOYCE HOOI By ELECTRONICS firm Karin Technology Holdings announced yesterday that two of its indirectly wholly-owned subsidiaries in China have acquired office premises in Shenzhen costing 28 million yuan (Ss6 million). The purchase price of the office premises comes up to about 19
      325 words
    • COMPANY BRIEFS
      • Article
        Lock icon Xpress Holdings in trading halt
        18 5 PRINTING specialist Xpress Holdings called a trading halt yesterday afternoon pending an announcement.
        18 words
      • Article
        Lock icon Biosensors updates compensation panel
        45 5 BIOSENSORS International Group announced changes to the composition of its Compensation Committee, effective immediately. Non-executive and independent directors Scow Juan Low and Mark A. Wan will be chairman and member respectively, while non-executive director Kee Lock Chua will be a member.
        45 words
      • Article
        Lock icon China Precision Tech in JV agreement
        139 5 CHINA Precision Technology announced that it has entered into a joint venture agreement with Uehara Name Plate Co. Under the agreement, its wholly owned subsidiary in China, Ningbo Zhongjun Automobile Parts Co will change its name to Ningbo Zhongjun Uehara Automobile Parts Co, and
        139 words
      • Article
        Lock icon Contel in the red with US$45m loss
        81 5 FOR the year ended March 31, Contel Corp posted a net loss of U5545.89 million (unaudited) versus a net profit of US$6.7B million for the 15 months previously (audited). Sales came in at US$lBl million, compared to US$3OO million previously. Given the global
        81 words
    • Article
      Lock icon Celestial Nutrifoods suspends share trading
      280 5  -  JAMIE LEE By J CELESTIAL Nutrifoods is suspending trading of its shares from today to allow Merrill Lynch to assist it in negotiations with bondholders. "The suspension will be lifted as soon as the views of the bondholders are obtained," said the Chi-na-based maker of
      280 words
    • Article
      Lock icon Noble raises its stake in Gloucester Coal to 80.3%
      367 5  -  OH BOON PING By COMMODITIES trader Noble Group has strengthened its hold on Gloucester Coal further, saying yesterday that its stake in the Australian coal miner has gone past 80 per cent. In a statement, the Hong Kong-based group said it
      367 words
    • Article
      Lock icon Catalist firms post sponsor search updates
      228 5  -  JOYCE HOOI By SCORPIO East Holdings, a Catalist-listed firm, is in the process of looking for sponsors, while two other firms Sapphire Corporation and KLW Holdings announced the appointment of a continuing sponsor yesterday. "The company has recently met up with two companies which
      228 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      252 4 *-*-< We all need a hug sometimes Invitation to manage and own THE (one and only) Sasha's Teddy Bear boutique in Singapore Investment outlay: $100,000 upwards hands-on, on-job training provided by experienced professional qualified, competent sales staff available THE quality teddy bear and soft toy business in Singapore All enquiries
      252 words
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      112 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is the trend starting to bend?
      579 6  -  R SIVANITHY STOCKS Some cite North Korea issue as reason for STI fall but another factor could be expected pressure on Wall Street SOME observers reckoned the sell-off that sliced 60.51 points or 2.5 per cent off the Straits Times Index (STI) yesterday was
      Bloomberg  -  579 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 1 12 4 0 0 0 1 12 4 lanufacturini 16 131 38 16 18 147 46 Commerce 42 17 10 49 22 'pt/Stor/Comms 30 31 :inance 18 18 Construction 16 17 'roperties 38 38 lotels/Rsts
      95 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 19.564 19.564 58.528 58.528 lanufacturing 348.439 95.812 444.251 186.640 5.620 192.260 lommerce 245.459 71.526 316.985 110.782 29.558 140.340 "pt/Stor/Comms 154.203 225 154.428 226.598 16 226.614 :i nance 31.173 60 31.233 226.882 226.885 lonstruction 129.782 56.912 186.694 15.564 905 16.469
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 6 lapitaLand 3.670 -0.160 lapitaMall 1.390 -0.040 jtyDev 9.020 -0.460 lomfortDelGrc 1.300 -0.020 losco Corp 1.390 -0.050 IBS Grp 12.000 -0.220 :&N 3.810 -0.110 ienting SP 0.650 -0.025 iolden Agri 0.410 -0.020 IK Land 3.320 -0.050 IMH 25.000 -1.100 ISH 14.100 +0.100 lardineC&C 19.060 +0.300 Ceppel Corp
      105 words
    • Article
      Lock icon BROKER'S TAKE
      250 6  -  CONRAD TAN Chartered Semiconductor Manufacturing June 15 close: $2.29 CIMB-GK RESEARCH, June 15 CHARTERED raised its Q2 2009 expectations in its mid-quarter guidance last Friday. It now expects sales of US$333 million-US$34B million, up from its earlier guidance of US$32l miUion-US$333 million. It also expects its net loss
      250 words
    • Article, Illustration
      Lock icon Can rally be sustained without hard figures?
      308 6  -  KEN TAI CHART POINT THE three-month long surge in global markets came to a halt last week as green shoots of optimism finally gave way to questions as to whether the massive rally can be sustained by improved sentiment alone without hard numbers
      Bloomberg  -  308 words
    • Article, Illustration
      Lock icon S-E Asian currencies fall against greenback
      464 6  -  OH BOON PING CURRENCIES SOUTH-EAST Asian currencies slipped against the US dollar yesterday as declines in Asian stocks reduced demand for emer-ging-market assets. The losses were also partly a result of Russia and the International Monetary Fund expressing confidence in the greenback. The Singapore
      464 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      55 6 CLOSE IT OB/OS -765.00-686.OC IT CADI -*****.00-350.0i IT 10-day MA -*****.00 -76.0' TSE ST Mid Cap 529.65 -15.1 TSE ST Small Cap 428.16 -18.0. TSE ST All Share 566.39 -15.4 TSE ST China Top 242.97 -6.4I TSE ST China 238.00 -8.0i IOB Catalist 99.21 -4.6i IMSCI 279.83
      55 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      51 6 VOLUME Diqiland 95,801,000 UniFiber 90,688,000 China Honqxinq 71,419,000 FalconEne 64,984,000 Golden Aqri 61,482,000 Sapphire 56,278,000 Gentinq SP 56,093,000 Equation 46,928,000 Abterra 39,253,000 AddvalTech 35,832,000 VALUE(S) CapitaLand 87,814,340 DBS Grp 73,971,940 SGX 64,517,480 SingTel 57,147,608 CityDev 54,438,942 Olam 50,836,300 NOL 42,983,230 UOB 41,853,220 Wilmar 41,697,470 Cosco Corp 40,834,400
      51 words
    • Article
      Lock icon RISES
      111 6 CLOSE UP iBXT S&P Short 10US$ 6738 116.5 1.2 lardine C&C 1906 30.0 1.' ICBCCai !.93%Pref10 7740 20.0 0. rain irm 540 17.5 2. iBS Bk6% NCPS 10 ***** 16.0 0.. ISH 1410 14.6 0. MSCI World 10U 101.9 8.2 5.: IOB 5.05%NCPS 100 9748 8.0 0.1 iBS RB
      111 words
    • Article
      Lock icon FALLS
      113 6 CLOSE DOWN DBXT Ni 10US$ 9842-302.9 -2.1 LP 10US$ 9148-257.7 -1.9 IMH 2500-160.2 -4.2 DBS.ES.0906 1204 -70.0 -5.5 :it r.ES.0906 901 -60.0 -6.2 DBXT MSTaiwan 10US$ 1232 -52.4 -2.8 iTXPO 100 1462 -50.0 -3.3 China H 10US$ 1395 -48.1 -2.3 :it 902 -46.0 -4.9 India Ni 10 1372 -41.0
      113 words
    • Article
      Lock icon CURRENCIES
      87 6 Wh lere S! stands lun 15 %CHNG CLOSE FRJun 12 YR2009 S$ LOW S$ HIGH uss 1.4570 -0.38 1.5579 1.4308 Euro 2.0195 0.79 2.0732 1.9150 Pounds 2.3824 0.12 2.3885 2.0356 AS 1.1663 0.93 1.1816 0.9453 Yen* 1.4830 -0.34 1.7278 1.4831 Rupiah* 0.***** 0.17 0.***** 0.***** Baht* 4.2602 -0.14 4.3390
      87 words
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      100 6 W^^^^^ l.!:A!xN;i'o.T'KA'Oi: S'liNG/YPO'Ri: The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing
      100 words
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      92 7 I Italian Festival 2009 H www.loveitaly.sg BROADCAST ASIA 2009 I Visit us at Singapore Expo Hall 7 on 16 19 June 2009 I 7K2-01 ITALIAN TRADE COMMISSION I 7K3-01 ALDENA TELECOMUNICAZIONI I 7K2-09 ARET Je^L. I 7K2-08 BELCO SRL >. I 7K2-06 DB ELETTRONICA TELECOMUNICAZIONI SPA I 7K3-01 DELTA MECCANICA
      92 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon FX volatility seen as hampering expansion
      575 8  -  CONRAD TAN Survey of SMEs finds currency fluctuations as big a problem as slumping demand By A THIRD of Singapore businesses expect foreign exchange rates to affect their business unfavourably in the next three months, according to a trade sentiment survey of small and
      FILE PHOTO  -  575 words
    • Article, Illustration
      Lock icon Good governance key to effective e-govt: SM
      485 8  -  ONG BOON KIAT By NEW technologies catch the eye, but it is good governance that holds the key to successful e-govern-ment, said Senior Minister Goh Chok Tong yesterday. "It is tempting to think that to successfully implement e-government, the 'c' in e-government comes
      485 words
    • Article
      Lock icon Hedge fund returns up 5.25% in May
      631 8  -  OH BOON PING Industry posts net inflows for first time in 10 months By THE worst could be over for the hedge fund industry. It returned an average 5.2 per cent in May the best performance in more than nine years, the latest
      631 words
    • Article
      Lock icon Grand Prix tickets selling well in region
      253 8  -  NISHA RAMCHANDANI By EFFORTS to sell Singapore Grand Prix tickets in the region to counter the slump in long-haul tourism have met with an encouraging response, says race organiser Singapore GP (SGP). "The response generally has been good," said SGP communications director Jonathan
      253 words
    • Article
      Lock icon April retail sales index falls 11.7%
      415 8  -  TEH SHI NING By RETAIL sales in Singapore fell for a seventh straight month in April as consumers cut expenditure on cars and furniture amid rising job losses and pay cuts. The retail sales index plunged a deeper 11.7 per cent year-on-year in April,
      415 words
    • Article, Illustration
      Lock icon Breaking news on Nokia's N97
      172 8 NATIONAL daily The Straits Times is now available on Nokia's latest smart phone, the N97. Pre-loaded in all Singapore N97 units, ST's custom-designed widget allows users to read breaking news from StraitsTimes, com. ST was chosen for its comprehensive and relevant coverage for local mobile
      172 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Seven more cases of H1N1 confirmed
        49 8 SINGAPORE has confirmed seven more cases of Influenza A (HINI-2009), bringing the total number of confirmed cases here to 47. All of the 47 cases, except one who was a close contact of a confirmed case, are imported cases with a travel history.
        49 words
      • Article
        Lock icon 90% of space at S'pore Airshow committed
        51 8 LIEBHERR-AEROSPACE and B/E Aerospace are among the new exhibitors to join Singapore Airshow 2010 next year. Over 90 per cent of exhibition space has already been committed and will be filled by more than 700 exhibiting companies globally. 80 per cent are returning
        51 words
      • Article
        Lock icon Lam Chung Nian joins WongPartnership
        42 8 LAM Chung Nian has joined WongPartnership as partner this month. Specialising in intellectual property, media and technology law, Mr Lam will head the firm's expanded intellectual property practice, which will be renamed intellectual property, media technology practice.
        42 words
      • Article
        Lock icon A* Star scientists invent molecular gear
        68 8 SCIENTISTS from A*Star's Institute of Materials Research and Engineering (IMRE) have scored a breakthrough in nanotechnology by becoming the first in the world to invent a molecular gear of the size of 1.2 nm whose rotation can be deliberately controlled. This achievement marks a
        68 words
      • Article
        Lock icon Grangeford tenants to pay Cove for utilities
        68 8 COVE Development has opened new utilities accounts for all 171 apartment units at Grangeford, which was previously leased to Ideal Accommodation (Singapore), as Ideal has been in arrears for utilities bills to SP Services. Ideal's former tenants are to pay Cove for the
        68 words
      • Article
        Lock icon NUS Business School awards professorships
        64 8 NUS Business School has awarded a pioneer group of eight faculty members the Provost's Chair and the Dean's Chair Professorships, in recognition of their exceptional academic contributions to the school. Melvyn Sim is one of the three recipients of the Dean's Chair, while Richard Arvey,
        64 words
    • Article
      Lock icon Credit Bureau accepts BNI as member
      580 9  -  CONRAD TAN Indonesian bank is first to benefit from broader membership guidelines By SINGAPORE'S consumer credit bureau has accepted Indonesian bank BNI as its first associate member under a new category of membership it hopes will attract more financial institutions here to share their
      580 words
    • Article, Illustration
      Lock icon Less to spare, but carrying on
      659 9 CORPORATE SOCIAL RESPONSIBILITY COMPANIES here have become keener over the past few years on partnering non-gov-ernmental organisations (NGOs) as part of their corporate social responsibility (CSR) efforts. But market players say the financial crisis has affected such partnerships, as companies cut back funds for
      659 words
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      Lock icon Page 9 Advertisements Column 1
      205 9 Kfl U CapitaLand FOUNDATION W As one of the poorest sub-districts in Nan Province of northern Thailand, Bo Kleau has 90% of its population living below W the poverty line and an average per capita income of less than Ss44o a year. With little access to public social services such
      205 words
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      Lock icon Page 9 Advertisements Column 2
      15 9 This is the third of a four-part series brought to you by Cap/taLand BUILDING PEOPLE
      15 words
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  • SME Inc
    • Article, Illustration
      Lock icon The meat in the sandwich
      1320 10 Liew Yew Fah, managing director of Pin Corporation, is very much a family man, reports CHEN HUIFEN THERE are many different reasons why entrepreneurs start their businesses. In the case of Liew Yew Fah, 55, managing director of Pin Corporation, it was family. The year
      ARTHUR LEE  -  1,320 words
    • Article, Illustration
      Lock icon iSyndica management on cloud nine in Singapore
      750 10  -  JOANNE TANG By GWYN Jones, the entrepreneur behind the successful Serif and Vista Print e-com-merce companies has decided to base his new start-up in Singapore. iSyndica, the cloud-com-puting start-up he is co-founding with Seb Coursol, uses the Virtual Distribution Server to drum up
      750 words
    • Article
      Lock icon From humble beginnings to MD of a firm
      362 10  -  CHEN HUIFEN By BORN to a farming family, Liew Yew Fah grew up helping to rear pigs and chickens, and working around coconut plantations and vegetable farms. He often saw his relatives waking up in the wee hours to slaughter pigs for
      362 words
    • Article
      Lock icon Portfolio down about 1.5%
      368 10  -  TEH HOOILING By ARE we into a correction phase? On Monday last week it looked like it the Straits Times Index fell 62.65 points to 2,333.70. But the market firmed again in the remaining days of the week. Yesterday, however, the STI lost 60.51 points to
      368 words
    • Article, Illustration
      Lock icon Home work
      1584 12 THIS WEEK'S TOPIC In order to keep staff costs down, would you favour encouraging workers to work from home, or to work more flexible hours? What are the pros and cons of such an approach and to what extent is it feasible? Chow Yew Sun General Manager Neu-Movers
      1,584 words
    • Article
      Lock icon Stay nimble to beat the slump
      895 13  -  LAN MACDONALD COMMENTARY By THERE are more than 130,000 small and medium enterprises (SMEs) in Singapore. Employing about 60 per cent of the workforce and contributing over 40 per cent of gross domestic product (GDP), SMEs are an important pillar of the economy. But
      895 words
    • Article, Illustration
      Lock icon Advertising for the ages
      652 13  -  LIEWAIQING By NOTION Age has seen tremendous growth over the past few years, following a change in name in 2004. Formerly known as DesignForToday.com, Notion Age was set up in 2001, at the height of the dotcom era. Although its business was more focused on print
      YEN MENG JIIN  -  652 words
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      92 11 HONG LAM MARINE PTE LTD TOYOTA TSUSHO CORPORATION TOYOTA TSUSHO PETROLEUM PTE LTD THE CHRISTENING OF SPECTRUM 2 2,000 DWT 16th June 2009 On Charter To TOYOTA TSUSHO PETROLEUM PTE LTD 3»» -jiiilaiiWrini ii -f1 1 I I I I I I I I NO SMOKING VH| ~;-.,.>". v.!.;'.-- SB
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      312 12 faction KEY SPEAKERS PANELISTS \flmw community for entrepreneurship BlueSky O 0 O\ v W *er \P Mr Wong Fong Fui Dr Eric Yong Xu Mr Sunny Verghese Mr Ong Peng Tsin Executive Chairman Co-Founder Group Managing Chairman Boustead Singapore Baidu.com Director CEO Infocomm Investments 01am International 0) f\, Mr Bo
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      81 12 Call 6-594 7593 for more info or join our weekly demo class A SAS 70 Compliant status conferred to a service provider is a testimony that it meets international risk control standards to protect clients' data and confidentiality PAYDAY! Payroll Serve B9 time to relax www.PayrollServe.coiTi.sg Call 6-594 7594 for
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  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      83 12 SME The topic for next week's SME Voices Column is: "How would a sharp movement in the US dollar affect your business and your industry? What strategies are you using to hedge against volatility in the currency market?" If you are an SME owner or leader, we would like you
      83 words
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      72 13 V •SSI /£^Br VS§ TERMS AND CONDITIONS APPLY: The free economy class air ticket is only for flights to Penang, Langkawi, Kuching and Kota Kinabalu. Redemption can only be made at the Malaysia Airlines ticket office. The free ticket is non-transferable, non-exchangeable for cash, not valid for MH 9000 series,
      72 words
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  • ECONOMY WATCH
    • Article
      Lock icon Latvian troubles reminiscent of Asian financial crisis
      798 14 ■AFP [RIGA] As Latvia struggles to pull itself out of the maelstrom of economic collapse, concern has mounted that the Baltic state's crisis could spill beyond its borders in an echo of Asia's 1997 meltdown. "There are quite strong similarities in what has
      ■AFP  -  798 words
    • Article, Illustration
      Lock icon China not pitting yuan against US$: bankers
      780 14 Reuters [BEIJING] China is diversifying its overseas investments and pressing US officials for an "exit strategy" from the ultra-loose fiscal and monetary policies that Beijing fears will eventually inflate away the value of its US bond holdings and fell the dollar. But China's
      – Reuters  -  780 words
    • Article
      Lock icon Turnaround seen in Asia hedge fund inflows in Q3
      738 14 Reuters But new entrants will still find it tougher to attract money [SINGAPORE] Asia-based hedge funds will see a turnaround in inflows in the third quarter as investor confidence returns, but new players may still struggle on concerns over risk controls
      Reuters  -  738 words
    • Article, Illustration
      Lock icon Turf wars muddy path to American financial reforms
      656 14 ■NYT [WASHINGTON] Two of the most powerful US bank regulators are once again at each other's throats. At a public meeting three weeks ago, John Dugan, the comptroller of the currency, blasted a proposal to impose stiff new insurance fees on banks
      ■NYT; REUTERS PHOTOS  -  656 words
    • Article
      Lock icon No growth until early 2010: UK biz group
      278 14 -AFP [LONDON] The British economy is stabilising but growth will not return until the beginning of 2010, and then it will still be slow, the country's leading business lobby group said yesterday. In its latest forecast, the CBI said gross domestic product
      -AFP  -  278 words
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  • IMBX 2009
    • Article, Illustration
      Lock icon Keeping infocomm in the spotlight
      797 15 Thousands of visitors with a shopping budget of around $1.8b set to attend Asia's largest infocomm extravaganza here, reports winiSToni chai THE true test of a trade show's mettle lies in its ability to thrive in both good times and bad. Against the gloomy backdrop
      797 words
    • Article, Illustration
      Lock icon Time to get ready for Next Gen NBN
      561 16 Pervasive, cost effective, ultra-high speed broadband will open up limitless possibilities for customers and businesses, writes khoomg hock yum ARE we ready to rethink the way that we will work, live, learn and interact, not in the far-fetched future, but over the
      BLOOMBERG  -  561 words
    • Article, Illustration
      Lock icon Riding the next wave of media growth
      922 16  -  CHRISTOPHER CHIA By A SEA change is underway in how people are consuming media. The convergence of media platforms, combined with the power of digital technology are changing the rules. Today's consumers want more and more interactivity, flexibility, and connectivity. They are asking
      FILE PHOTO  -  922 words
    • Article, Illustration
      Lock icon Operators vs mobile applications stores
      867 16  -  ALEX CHAU By MOBILE phone personalisation, in its most basic form, refers to the simple transformation of a phone by changing its casing, customising its ringtones and wallpapers. In today's world, mobile phone personalisation takes a different denotation. It refers to customisation beyond the physical
      Source: IDC  -  867 words
    • Article, Illustration
      Lock icon Concept of telcos will change in time
      813 18 They face a multi-faceted and complex challenge which requires new strategies and positioning, writes foomg king yew IN ADDITION to negotiating the current economic crisis in the near term, the senior leadership teams of telecommunications companies have a bigger challenge on their hands
      813 words
  • Page 15 Advertisements
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      401 15 IWB^HW LuiiimuiiH,i\sia2oo9 l WSW^**^ Li L^L' RI.A W 16-19 June 2009 \Singapore Expo Halls 3-6 MammaSj}^^ IMkChAJ oi/c m I Meet Face to Face BUL^jgfl VjsitUs@Bootht^ KppManc^tyl^nterpri^e I [^^.^^^J E^^^aaß Multi Function- IfciflfiMßfltflM Search Archiving Server E USB, eSATA or Network Drive J \ooff ■B "^■B»p P7 U-l I 1
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  • Page 16 Advertisements
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      89 16 It's Time to End the Expensive ICT Chaos (W^rkACEl BMill V„^ The chaos Killer £231 Main FunctionalPartsofWorkACE.com Only $U519.95/month Business Process Management System monthly commitment (programs, projects everts) Business Ecosystem Management System Get 1 month FREE usage (CRM. SCM) for 5 people Content Management System at CommrjmiuAsia2oo9 (endless number Of
      89 words
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      298 17 I INNOVATION GLOBAL CONVERGENCE I I Broadcasthsia2oo9 I I www.Bpoadcast-Asia.com I uso^% I I Cammuniohsia2oo9 v>3 I I www.CommunicAsia.com I I EntßroriSßlilT2oo9 j» I I www.goto-enterpriselT.com J^iPiiL i > I I INTERHCTIvfynF W^\J I I www.interactiveDME.com I I 116-18 June 19 June I AnrilO TAIIIIfI I I 10.30am-6pm 10.30 am
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      105 18 We're shipping LTE-ready base stations today, so when it comes to the future of connectivity, we know a thing or two. I LTE boosts service experience I I Faster access I I Better quality I I Personalized services I I LTE cuts your costs I I 70% less hardware I
      105 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon First stimulus package disbursed: Najib
      490 19 Bernama Infrastructure programmes have been implemented [KUALA LUMPUR] Malaysian Prime Minister Najib Razak yesterday told the Dewan Rakyat that almost 100 per cent or RM6.95 billion (552.9 billion) from the first stimulus package allocation had been disbursed. He said that of this total, RM4.02 billion
      – Bernama  -  490 words
    • Article, Illustration
      Lock icon BRIC should include Indonesia: Morgan
      571 19 Bloomberg [JAKARTA] Indonesia's economic growth may accelerate to 7 per cent starting in 2011, providing a case for its inclusion in the so-called BRIC economies along with Brazil, Russia, India and China, Morgan Stanley said. Political stability and buoyant domestic demand will help boost expansion
      Bloomberg; AP  -  571 words
    • Article, Illustration
      Lock icon M'sian cranemaker eyes Sabah, Sarawak markets
      386 19 [KUALA LUMPUR] Cranemaker Handal Resources Bhd, which is en route to a listing on Bursa Malaysia next month, plans to expand into Sabah and Sarawak's oil and gas industry, after its success in Terengganu, reports Malaysia's Business Times. The company is also mulling entry
      BLOOMBERG  -  386 words
    • Article
      Lock icon Indonesia mulls bigger sukuk issue in 2009
      548 19 Reuters It aims to develop syariah financial markets, diversify sources of financing [NUSA DUA] Indonesia is considering bigger sukuk sales this year as the world's largest Muslim nation seeks to develop its fledging Islamic markets and plug its budget deficit, a senior Finance
      ■ Reuters  -  548 words
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      1041 19 V^Z? ITT^T^T^^T-'r< Toll free: 1800-289-8822 m&^- [VIII If r-f Email: notices@sph.com.sg X^l V^>/ X. m\. j m iil www.cats.com.sg KS ENERGY SERVICES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0104G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of
      1,041 words
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  • GREATER CHINA\INDIA
    • Article, Illustration
      Lock icon Foreign investment in China falls
      436 20 Bloomberg FDI down 17.8% to USs6.3Bb in May after falling 22.5% in April [BEIJING] Foreign direct investment in China fell for an eighth month from a year earlier as companies cut spending to weather the worst economic slump since the Great Depression. Investment slid 17.8
      – Bloomberg; XINHUA  -  436 words
    • Article
      Lock icon No quick recovery for China's economy
      230 20 Reuters [BEIJING] China's economy will not experience a rapid recovery because it will take time to find a new growth engine to replace sagging exports, an influential economist said in remarks published yesterday. Li Yang, a former adviser to the People's Bank of China
      Reuters  -  230 words
    • Article
      Lock icon Younger Ambani wins suit over supply of gas to his firm
      485 20 Bloomberg [MUMBAI] Mukesh Ambani's Reliance Industries Ltd was ordered to sell natural gas to a company owned by his younger brother Anil Ambani for 44 per cent less than the government-set price, lawyers said. The Bombay High Court yesterday
      Bloomberg  -  485 words
    • Article
      Lock icon Foreign firms still waiting for changes
      545 20 AP Cong allies oppose some aspects of liberalisation [MUMBAI] At first, last month's clear victory of India's ruling Congress party raised hopes that the doors to Asia's third-largest economy would be thrown open to foreign investment. The stock market surged on euphoria that with
      AP  -  545 words
    • Article, Illustration
      Lock icon China anti-monopoly review after Rio snub?
      385 20 AFP, Reuters [BEIJING] China may undertake an anti-monopoly review on a joint iron ore project between mining giant Rio Tinto and BHP Billiton after Rio rejected a Chinese bid for a massive investment. Anglo-Australian Rio Tinto this month snubbed Chinalco's offer of a US$l9.5
      AFP, Reuters; AP  -  385 words
    • Article
      Lock icon Tsang, ministers to take pay cut: reports
      229 20 AFP [HONG KONG] Hong Kong's chief executive and top government ministers will take a more than five per cent pay cut as part of the city's belt-tightening during the economic downturn, reports said yesterday. Donald Tsang and other senior officials were expected to
      AFP  -  229 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Sumitomo Mitsui Financial Group to raise US$9.4b
      586 21 Reuters, Bloomberg It will issue 235 m shares at 3,928 yen each, 9.7% discount to Fri's closing price [TOKYO] Sumitomo Mitsui Financial Group, Japan's third-largest bank, set its planned share sale at US$9.4 billion yesterday, a record for a Japanese financial firm and
      Reuters, Bloomberg; REUTERS  -  586 words
    • Article
      Lock icon Rare 1873 envelope and stamp sells for US$431k
      362 21 NYT [NEW YORK] An envelope from an 1873 letter bearing a scarce 90-cent stamp with Abraham Lincoln fetched more than U*****,000 at an auction here on Saturday. The cover (as collectors call used envelopes) was sold by Siegel Auction Galleries. Known to
      NYT  -  362 words
    • Article
      Lock icon US banks mull rules on credit default swap trades
      634 21 Bloomberg Proposals include disclosure pacts, best practices guide [NEW YORK] Several banks, including JPMorgan Chase and the Royal Bank of Scotland, are considering rules to require sellers of credit-default swaps on mortgage bonds to disclose when they may have the power
      Bloomberg  -  634 words
    • Article, Illustration
      Lock icon Iran election, Netanyahu weigh on Obama
      673 21 AP [WASHINGTON] The reelection of Iran's hardline president and a tough speech by Israel's hawkish prime minister signalled an increasingly difficult road ahead for President Barack Obama's hopes for ending Teheran's nuclear threat and brokering peace between Israel and the Palestinians. A setback on
      AP; BLOOMBERG  -  673 words
    • Article
      Lock icon Euro zone loses record 1.22m jobs in Q1
      378 21 Reuters [BRUSSELS] The 16-coun-try euro zone lost a record 1.22 million jobs in the first quarter of 2009, data showed yesterday, highlighting the depth of recession and boding ill for any quick turnaround. The number of employed fell 0.8 per cent in
      Reuters  -  378 words
    • WORLD WATCH
      • Article
        Lock icon Citigroup, IFC launch funding partnership
        119 21 Reuters [NEW YORK] Citigroup Inc and International Finance Corp (IFC), a private sector arm of the World Bank, are launching a US$l.25 billion partnership to cash in on opportunities arising from the scarcity of credit, the Financial Times reported. Citi will provide US$75O million to
        – Reuters  -  119 words
      • Article
        Lock icon FOTA 'element' out to scupper F1: FIA
        167 21 Reuters [LONDON] Formula One's governing body has accused an "element" within the teams' association FOTA of seeking to scupper attempts to secure the future of the crisis-hit sport. The International Automobile Federation (FIA) said in a statement yesterday that it felt that there
        – Reuters  -  167 words
      • Article
        Lock icon Lloyds may report £600m write-down
        110 21 Bloomberg [LONDON] Lloyds Banking Group pic, 43 per cent owned by the UK government, may report a £600 miUion (Ssl.4 billion) write-down on loans provided to pub operator Admiral Taverns Ltd, according to a person familiar with the situation. Admiral Taverns, started in 2004, has
        – Bloomberg  -  110 words
      • Article
        Lock icon BOA suffering 'horrific' loan losses: analyst
        161 21 Reuters [NEW YORK] Bank of America Corp is now experiencing "horrific" loan losses, analyst Richard Bove said, adding that the largest US bank may set aside loan loss provisions of US$46 billion this year. "In the second quarter, its (Bank of America's) position as
        ■ Reuters  -  161 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Few jet deals likely to take off
      663 22 Reuters Plane-engine makers among those likely to do well at the week-long show [PARIS] Gloomy aviation leaders gathered for the Paris Air Show yesterday expecting only a handful of new business to bolster an industry mourning the Atlantic jet disaster, economic crisis and
      – Reuters  -  663 words
    • Article, Illustration
      Lock icon Airbus sees 25% output drop in next two years
      485 22 -IHT [PARIS] Airbus executives warned over the weekend that output at their European factories could fall by as much as one-fourth over the next two years as the aircraft maker and its suppliers adjust to the sharp drop in air traffic
      -IHT; BLOOMBERG  -  485 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2601 22 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,601 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 22 '000 lun :H Offshore Ihuan Hup Hldgs losco Corp ZWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks lava Hold Ltd <TVentures <eppel Corp VlTQCorp MOL Pacific Shipping 3an-United Corp Rickmers Mari iamudera Ship iembcorp Indust iembcorp Marine ipore Ship itar Cruises 0.49 0.25 1.39 0.53 1.25 0.61
        107 words
      • Article
        Lock icon KLSE
        38 22 '000 kin Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB .Holdings Nepline Brief PDZ Holdings 1.00 8.50 8.50 3.24 2.75 0.03 0.10 0.07 1029 unch 305 0.15 1219 -0.08 232 -0.03 27 unch 75 -0.01 *****
        38 words
      • Article
        Lock icon BANGKOK
        13 22 '00 lun ■recious Ship Jegional Cont .16.90 ...9.50 -0.40 3100 0.10 *****
        13 words
      • Article
        Lock icon HONGKONG
        12 22 '000 lun Doil iingamas Cont .34.30 ...0.98 -0.65 516 -0.03 *****
        12 words
      • Article
        Lock icon PHILIPPINES
        24 22 '000 lun >eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 16.25 unch unch 0.20 -1.00 unch unch 482 1762 0 0
        24 words
      • Article
        Lock icon TAIPEI
        22 22 lun Evergreen Marine ....16.25 :irststeamship 43.40 /Van Hai Lines 14.40 r"ang Ming Marine...11.65 -0.75 -1.80 -0.95 -0.75 14 4 7 12
        22 words
      • Article
        Lock icon TOKYO
        41 22 '000 lun fen (awasaki Hvylnd ..261.00 -6.00 ***** (awasaki Kisen 450.00 -8.00 5532 Mitsubishi Hvy 416.00 7.00 ***** l/litsui Eng&Sbldg...241.00 -2.00 4563 l/litsui Osk Lines 688.00 -12.00 ***** Jippon Express 413.00 3.00 3541 JipponYusen 461.00 -7.00 6429 'iource: Thomson Reuters
        41 words
    • Article
      Lock icon May container traffic falls 20.3%
      348 22  -  VINCENT WEE By [SINGAPORE] The slide in container traffic continued in May with throughput at the Port of Singapore falling 20.3 per cent to 2.1 million twenty-foot equivalent units (TEUs) from 2.63 million TEUs last year, Maritime and Port Authority (MPA) figures showed. This decline
      348 words
  • Page 22 Advertisements
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      133 22 BT/ZUJI Deals of the Week DEAL OF THE WEEK ECONOMY CLASS (fr HOTEL (frs) BUSINESS CLASS (frs) Taipei $464 $79 $1,319 Eva Air China Airlines DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS WEATHER M tfrfi M Kuala Lumpur $139 (JapanAirlines) $39 $429 (JapanAirlines) Rain Bangkok $278 (ThaiAirways) $27 $701 (ThaiAirways) Rain
      133 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      397 22 CRYPTIC CROSSWORD ACROSS I Nice country song from Israel a smile breaks out (12) I Wi ""IS "~15 "~|4 C- ~~[6 9 Plain dish with a bun in the H L_ ——^M middle (7) 7 10 One in charge warning work- g II Full fare is halved —permit- I ted
      397 words
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  • SINGAPORE ARTS FESTIVAL 2009
    • Article, Illustration
      Lock icon Focusing Russian music flavours
      489 23 You were better off picking either the choral or the instrumental gigs, says CHRISTOPHER LIM IT'S not every day that you get a full Russian ensemble performing for you, but those who know what they like might have been better off attending performances that showcased just
      489 words
    • Article, Illustration
      Lock icon A quirky miscellany of creative enjoyment
      481 23  -  LIM WEN JUIN By IT was supposed to start at Bpm, but Japanese performing group The Original Tempo was already setting its Flipside production, Shut Up, Play! in motion. Ten minutes before showtime last Friday night at the Esplanade Recital Studio, four members in
      481 words
    • Article
      Lock icon Going back to the basics
      508 23  -  CHEAH UI-HOON By A MODERN work that drew on an ancient martial arts form was the opening show for this year's arts festival four weeks ago. On Sunday night, the last concert of this year's festival also drew on ethnic culture a timely reminder that
      508 words
  • Page 23 Advertisements
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  • EDITORIAL & OPINION
    • Article
      Lock icon Restructured airlines: an idea that would fly
      489 24 THE Paris Air Show, rated by many industry insiders as the greatest aviation show on earth, opens this year as the industry faces its worst ever downturn. The air show is a major showcase for planemakers to unveil huge orders. European aircraft giant
      489 words
    • Article, Illustration
      Lock icon Is Obama ditching his challenge to Wall St?
      1029 24  -  LEON HADAR He and his aides may be embracing a more gentle approach to financial system reforms AGAINST the backdrop of economic crisis and Washington's decision to bail out some of Wall Street's leading financial institutions earlier this year, there were expectations
      AFP  -  1,029 words
    • Article, Illustration
      Lock icon Too soon to declare victory on economic front in US
      809 24  -  PAUL KRUGMAN NYT THE BOTTOM LINE THE debate over economic policy has taken a predictable yet ominous turn: The crisis seems to be easing, and a chorus of critics is already demanding that the Federal Reserve and the Obama administration
      NYT  -  809 words
    • Article, Illustration
      Lock icon Winning the war on deposits
      1478 25  -  JEFFREY CHUA OWEN YOUNG Banks are targeting retail deposits with innovative products and becoming more pragmatic in customer segmentation By and THE global financial crisis has markedly changed the landscape in financial services over the last 12 to 18 months, particularly in the US and
      THE STRAITS TIMES  -  1,478 words
    • Article, Illustration
      Lock icon What if Bono asked for US debt relief?
      897 25  -  WILLIAM PESEK JR Bloomberg IT'S June 2010 and rock star Bono is playing Beijing. Chinese officials seem anything but amused. Communist Party bigwigs expecting to hear Vertigo and Will Follow from the U2 frontman are getting an earful about debt relief. Only,
      ■ Bloomberg; AP  -  897 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8774 26 Transaction date: Jun 15 52-wks Tel High Low Code Company Last Sale Vol Day Last Quote Div Gr Yld Net COOP) High Low Buyer Seller C'vr P/E M Cap Sinil 8 3 3148 8Telecom 10 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 15 5.5 1938 AEICorp 8 1
      8,774 words
    • Article
      Lock icon SGX CATALIST
      1656 27 ligh 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 2 3480 t Adventus 27.5 8.5 3518 s Afor 14.7 2 1524 t Alantac 19.5 3.5 7814 t
      1,656 words
    • Article
      Lock icon SGX ETF
      370 27 52-Wk Tel h Low Code Last Sale Vol C000) Day Ih Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E $mil Col 109 100 6389 ABF SG Bond ETF 109 918 427 CIMBAsean40 100USS US651 -2 246 149 DBS STI ETF 100 235 -3 2772 1682
      370 words
    • Article
      Lock icon CLOB INTERNATIONAL
      252 27 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      252 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9218 27 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.848/ AIGIF S'pore Bond Fund/A 1.254/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.95/ APS Alpha Fund (USD)!** 0.66/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5106/ APS Komaba Global
      9,218 words
  • Page 26 Advertisements
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      382 28 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jun 12 World Index Preliminan 719.1 -0.3 6.1 -0.4 8.6 -0.6 7.7 t EAFE Prel liminai 691.2 0.0 6.5 -0.2 9.8 -0.4 8.9 Euro[ Preliminan
      382 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 28 As at 9am Jun 15 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1650 1.2000 .an dollar 1.2920 1.3080 Euro 2.0230 2.0460 NZ dollar 0.9210 0.9420 iterlini ind 2.3760 2.4030 US dollar 1.4470 1.4640 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      175 28 Jun 15 $S Offer Bid Overnight 0.01 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.03 US$ Offer 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.42 0.65 0.75 1.15 1.55 1.85 Offer 0.25 0.32 0.45
      175 words
    • Article
      Lock icon STOCK INDEX FUTURES
      19 28 Jun 15 ten Hii Sett STI IIMSCI Jun 286.0 287.7 278.3 "aiwan Jun 234.0 234.7 226.9
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      Lock icon US$/S$ FORWARD RATES
      22 28 Jun Ib SS Bid Offer 1-month 1.4563 1.4573 2-months 1.4562 1.4573 3-months 1.4562 1.4573 6-months 1.4560 1.4573 Source: OCBC
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      Lock icon PALM OIL
      65 28 Jun 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Jun 09 2442 Jul 09 2455 Aug 09 2450 Sep 09 2445 Total o/p: ***** contracts 2441 2445 2445 2425 2460 2460 2400 2452 2452 2389 2448 2448
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      Lock icon SGX DERIVATIVES TRADING
      287 28 Jun 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 99.3856 99.2750 98.9250 98.6050 3757 ***** 3960 3454 EUROYEN TIBOR FUTURES JunO9 99.435 99.440 SepO9 99.505 99.510 DecO9 99.515 99.515 Mar10 Jun10 99.495 99.495 Sep10 Dec10 Mar11 99.435 99.505 99.515 99.490 99.439 99.510
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      Lock icon SICOM FUTURES
      195 28 Jun 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Jul 09 169.0 Aug 09 166.0 Sep 09 164.5 Oct09 166.0 NOV09 166.0 Dec 09 166.0 169.0 166.0 164.5 163.0 163.0 163.0 169.0 167.0 165.3 163.5 163.5 163.5 30
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 28 Jun 15 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****A 17.09.09 1-Year BY*****W 03.05.10 0.23 0.34 0.21 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
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    • Article
      Lock icon CHICAGO BOT
      103 28 Jun 12 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jul 09 1245.50 1267.00 1281.75 1235.50 Aug 09 1171.25 1186.50 1201.50 1161.75 Sep 09 1108.50 1124.75 1132.75 1101.00 Nov 09 1076.50 1089.75 1099.50 1067.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 09 37.16 38.20 38.71
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Jun 12 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 71.62 -0.84 WTI (Near Mth) 72.17 -0.53 Dubai (1-Mth F) 70.58 -0.22 Tapis blend 75.65 unch Minas 73.70 -0.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 66.40 78.40 1.73 -0.30 US$/barrel Opec Oil
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      Lock icon INTERBANK CROSS RATES
      464 28 Jun 15 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.905 5.476 0.577 6.205 38.371 81.226 0.787 10.103 2.823 1.263 64.857 38.627 1.166 6.484 0.872 26.368 27.390 0.490 0.801 Canada 1.105 6.051 0.638 6.858
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    • Article
      Lock icon SIBOR
      78 28 Jun 15 (US$) (SS) 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 (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.*****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 28 Jun IS Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.1658 1.1668 0.8006 0.8007 Canadian dollar 1.2882 1.2897 0.8846 0.8850 Euro 2.0208 2.0223 1.3877 1.3878 NZ dollar 0.9231 0.9240 0.6339 0.6341 Sterlini md 2.3783 2.3805 1.6332 1.6336
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    • Article
      Lock icon PRECIOUS METALS
      142 28 Jun 15 GOLD (USS/oz) Jun 12 Jun IS Hong Kong London 949.00 931.40 950.00 932.40 Jun 11 Jun 12 953.30 941.55 954.10 942.35 Source: Thomson Reuters CAST BAR (S$) Jun IS Buying Sellini Kilobar "47,143.13" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
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      Lock icon LONDON METALS
      62 28 Jun 12 iiuiii, yy.i (US$/tonne) Close Previous iri:ash 1616.50 months 1644.00 1665.91 1694.01 Copper, Grade A (US$/tonne) :ash months 5212.00 5235.00 5354.0I 5376.0I .ead (US$/tonne) :ash 1760.25 months 1785.00 1796.01 1820.01 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.0I 'in (US$/tonne) :ash *****.50 *****.01 months *****.00 *****.01 inc,
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      Lock icon LIFFE
      71 28 Jun 12 (£/tonne) Close Prev Hii ih/Low Jul 09 1750 1774 1777/1740 SepO9 1760 1786 1789/1752 Dec 09 1760 1782 1783/1752 Mar 10 1749 1772 1772/1743 COFFEE (US$/tonne) Close Pev High/Low Jul 09 1523 1533 1537/1514 SepO9 1541 1547 1550/1530 Nov09 1553 1558 1554/1544 SUGAR (US tonne) White Close
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2549 28 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 -0.5 664 >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 0.5 5816 #Asiasons Capital W*****7 7 !756# Asiatic Grp (H) W*****2 9.5 !105#AsiatravelW*****7 12 unch 100 >878Aztech Systems W*****6
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      2852 29 Shipping times g^gffWgTrma^^^MBBMIMIJM Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE IfcllllMI Cnlllirinil Destination Destination uVulV UllllllI Utljl STXPOTBN RTM/ANR/TIL AURORA SAPPHIRE NOL/NFK/SAV/CDN toads Singapore, E./W. Malaysia, Indonesia toads E./W. Malaysia, Indonesia idlllvlli I IIV OA Oil I D UdjJW Ull Ijjl MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination HIMI
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      4615 30 T^^^^^^^^^^^^^^^^^Hn EASTERN CAR LINER, LTD ll l^^fflElDßEiJ m^^^^B IV—^—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B^^jj KMlMßillllililM IWiSliUlttlifl M VO* I RoinKKT) I Lilling(KT) I MUARA I SIN I PKL I BTL I XX I IKT I PCL/PHL SERVICE .A*** SERVO Connecting ECL Svc via MALTA FABULOUSSW 1
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  • PROPERTY
    • Article, Illustration
      Lock icon Housing downturn hits New York City
      946 31 Reuters Number of sales in new developments in Manhattan drops 71% in April [NEW YORK] New York City real estate prices are looking increasingly shaky as instability in two of the city's sexier submarkets second homes in the Hamptons and new condos in Manhattan
      Reuters; BLOOMBERG  -  946 words
    • Article
      Lock icon Dubai house prices to fall another 20%
      610 31 Half of the UAE's construction projects put on hold [DUBAI] Dubai house prices will fall another 20 per cent this year, as the former boomtown continues to suffer a sharp economic downturn, a Reuters poll showed. Residential real estate prices in Dubai home
      610 words
    • Article
      Lock icon Don't buy S-Reits on high yield spread
      359 32  -  JAMIE LEE Nomura analysts warn against it as they see mis-pricing in retail industrial By, Investors should not buy S-Reits just because of high yield spreads between Singapore real estate investment trusts and government bonds, Nomura analysts have cautioned. "We see the greatest
      359 words
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      Lock icon Discounts on UK home prices shrink: survey
      254 32 Bloomberg Gap between asking and selling prices narrows in May [LONDON] UK homebuyers are clinching smaller discounts on property prices as the housing market stabilises, the Royal Institution of Chartered Surveyors (RICS) said. Around 60 per cent of surveyors questioned in May said
      Bloomberg; BLOOMBERG  -  254 words
    • Article
      Lock icon UK real estate CEOs hit hard
      332 32 Bloomberg [EDINBURGH] UK real estate chief executives earned their smallest pay increases in five years and their annual bonuses fell along with property values and share prices, according to a report published yesterday. Chief executives of publicly traded real estate companies received an average
      Bloomberg  -  332 words
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      84 31 Bliil^iiiiiiiiiiiilliiiliilßlißiil^ savills I J0- 167 169 Telok Ayer Street Jn Li Freehold. A pair of restored conservation shophouses 4I H_l? I _L^^«fi_ t— mAj*Mts*fi!r "1 3-storey with mezzanine and attic j Access by internal lift and staircases HI II I JI Centrally located to Raffles Place Tanjong Pagar m\ '^\^wm™mwk
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      Lock icon Page 31 Advertisements Column 2
      557 31 j iS---!-B__«Bi"',ie_a'H 8' '~-i ,1 124 8»~' El_B!f' Hl»i» 3 Si! SsißrS SSSI r -I P \i■~~z 8: BLOOMBERG Downward spiral: m/mmmmm Property prices in M^j^jjj^jj^^^flj^^^^^^^^^jlljlllgljllljjM Dubai have slumped since late last year B*^^^^^^^^^^^£^^^l^^2Ui^^9 Type A 4-storey detached factory building Meanwhile, Abu Dhabi, Land Area 3,801 sqm/40,913 sq ft (approx.)
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      Lock icon Page 31 Advertisements Column 3
      949 31 4-STOREY LIGHT INDUSTRIAL BUILDING For Sale Land Area ***** sq ft (approx.) GFA 84,000 sq ft (approx.) Tenure Freehold Zoning Business 1 I I KS ENERGY SERVICES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0104G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary
      949 words
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      32 32 I mmf^Lmmmmmm '■:us&m* wKkW^^^^mmmmmmW mym m. I m*t -4 ___^i_^i_^i_fl HMMtf-MBI-ViiV^^^ __^_^3^^^^^_HH __H_' _____Hfo^^^^_" ______P\ >^ i^s_~-■ -'^M HlB__l_l_^_U_t. WmWJmU ■■'jmmmm*, m\* yf r^^^J^^7 J~^i:r gS& a L_____fl B#t^l^-'"' J-___. W'f^ m _fl
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      Lock icon Page 32 Advertisements Column 2
      89 32 ZAP HERE for the latest property updates! To Zap*: 1. Install the Color Cam™ software in your mobile phone by a. typing the word "Zap" sms ***** (Post-paid subscribers) or 9741 9401 (Pre-paid subscribers) b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the Color Cam™ software
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