The Business Times, 20 April 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, April 20,2010
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  • 526 1  -  By SIOW LI SEN [SINGAPORE] Goldman Sachs, which has been involved in some of Singapore’s largest corporate transactions, was busy over the weekend defending itself against fraud charges levied by the US Securities and Exchange Commission (SEC). “They have been writing
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  • 905 1  -  MAS to step into the picture earlier as industry players hope new system will speed things up By LYNETTE KHOO [SINGAPORE] Regulators have launched a “road test” to fast-track the review process for initial public offerings (IPOs) here. Under the new review process, the
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  • 141 1 ST INDEX 2,960.93 (-46.26) ST INDEX FUTURES 2,944.00 (-47.00) SIMSCI 353.13 (-5.42) SIMSCI FUTURES 351.40 (-4.60) FOREX US$ S$ US$ (S$ per US$) 1.379 (US$/S$ per 1.525 2.102 EURO (US$/S$/E) 1.346 1.855 Foreign currency per US$ S$ YEN 91.80 66.60 RM 3.218 2.334 HK$ 7.762 5.630 BAHT 32.35
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  • Page 1 Advertisements
    • 75 1 PROPERTY Developers plan more launches HOCK LOCK SIEW Dual listings: some unresolved issues PAGE 31 PAGE 5 OPINION San Miguel enters where others feared to tread PAGE 26 SME Inc TechnoFIBRE gearing up for expansion PAGE 10 How will the corporate finance scene shape out this year? Find out in
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    • 2 1 *****1 *****4
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 66 2 REGULATORS have launched a “road test” to fast-track the review process for initial public offerings here. Under the new review process, the Monetary Authority of Singapore will step in early. Mainboard aspirants can now submit their draft prospectus to MAS for a pre-lodgment review
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      • 68 2 GOLDMAN Sachs, which has been involved in some of Singapore’s largest corporate transactions, was busy over the weekend defending itself against fraud charges levied by the US Securities and Exchange Commission. Asian stocks suffered their biggest loss in 10 weeks yesterday,
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      • 75 2 BUSINESSES here are feeling the ripple effect of a volcanic eruption thousands of miles away, as more flights to and from Europe were cancelled at Changi Airport yesterday. At least 27 outgoing flights slated to take off yesterday and today were grounded as a
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      • 92 2 AFTER 23 weeks on the job, DBS Group chief executive Piyush Gupta is living up to his reputation as someone very much focused on the nitty gritty of the banking business an operations man. In an interview with BT last week, Mr
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      • 85 2 IN an ironic twist to a high-profile battle, Noble Group which has spent the past weeks trying to convince shareholders of Australia’s Macarthur Coal that it is a worthy suitor got stabbed in the back by its own shareholders. Noble’s shareholders rejected plans
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      • 72 2 BOULTON Capital Asia a boutique corporate finance house known for bringing in S-chips for listing has shut its Singapore operations, sources told BT. “Boulton Capital Asia has informed SGX that they have ceased operations with effect from April 1, 2010,” a Singapore
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      • 61 2 SINGAPORE Developers plan to launch more residential projects this weekend even though home sales slowed in April after a strong showing in March. Last month, 1,761 new private homes were sold a 47 per cent month-on-month increase. But sales have come off this month,
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      • 64 2 CHINA told banks to stop loans for third-home purchases as the government steps up measures to cool property prices with some of the “most draconian” orders yet. Banks should also suspend lending to buyers who can’t provide tax returns or proof of social
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    • 684 2  -  But retailers at Changi see sales rise and hotels report high occupancies By NISHA RAMCHANDANI [SINGAPORE] Businesses here are feeling the ripple effect of a volcanic eruption thousands of kilometres away, as more flights to and from Europe were cancelled at Changi Airport yesterday.
      AP  -  684 words
    • 702 2  -  This is going to be one tough year for airlines again COMMENTARY By VEN SREENIVASAN [SINGAPORE] JUST when it seemed airlines might be about to recover from their worst year in six decades, they have been hit with another knockout punch this time by
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    • 376 2 [LONDON] Britain will begin lifting a flight ban today, starting from 7am (0600 GMT) over Scotland and possibly moving further south later, air authorities said here yesterday. Latest forecasts suggest a “continuously improving situation” as the volcano in Iceland has stopped producing ash
      376 words
    • 647 4  -  Merger proposal between Macarthur, Gloucester defeated By ANGELA TAN [SINGAPORE] In an ironic twist to a high-profile battle, Noble Group which has spent the past weeks trying to convince shareholders of Australia’s Macarthur Coal that it is a worthy suitor got stabbed in
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    • 698 4  -  Gupta looks to re-create full service relationship with POSB clients Reports by CONRAD TAN [SINGAPORE] AFTER 23 weeks on the job, DBS Group chief executive Piyush Gupta is living up to his reputation as someone very much focused on the nitty
      STRAITS TIMES FILE PHOTO  -  698 words
    • 431 4 [SINGAPORE] DBS Group is in no hurry to sell its minority stakes in banks in Thailand and the Philippines, and will wait until it’s clearer how much capital the group needs to set aside under revised bank-capital rules to keep those
      431 words
    • 571 4  -  By LEE U-WEN [SINGAPORE] Thailand’s military is prepared to clash with anti-government protesters if the situation calls for drastic measures, an army spokesman said yesterday. The operations “will start from soft to heavy measures”, said Sunsern Kaewkumnerd as thousands of armed soldiers and police
      REUTERS  -  571 words
  • Page 2 Advertisements
    • 419 2 KPMG Seminar Series SINGAPORE Date Wednesday, 26 May 2010 Time 9.00am to 5.30pm Venue Four Seasons Hotel Singapore Seminar Fees Client S$530.00 per participant KPMG Alumni SS530.00 per participant Non-client SS580.00 per participant The fee includes GST at the prevailing rate, seminar materials, lunch and refreshments Registration kpmg.com. sg/seminar Closing
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  • Page 3 Advertisements
    • 383 3 s 1 JU 1 The Ultimate Degree for Finance Executives EDHEC Risk Institute PhD in Finance London Nice Singapore Since 2008, EDHEC Risk Institute has been offering a unique PhD in Finance programme to elite practitioners who aspire to higher intellectual levels and aim to redefine the investment banking and
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  • Page 4 Advertisements
    • 108 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Think of us as y- A Natural Anaesthetic. Economically designed with rheumatic and arthritic sufferers in mind, you can experience complete holistic sleep and all the benefits that come with it. ♦Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex
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  • COMPANY NEWS
    • 485 5  -  Boulton hasn’t been making many deals in recent times, say market watchers By JAMIE LEE BOULTON Capital Asia a boutique corporate finance house known for bringing in S-chips for listing has shut its Singapore operations, sources told BT. “Boulton Capital Asia has
      485 words
    • 380 5  -  Relationship managers may also need to take test By CONRAD TAN BANK directors may be required to undergo a compulsory training programme in future, to ensure that board members are of high quality. The Monetary Authority of Singapore is considering developing a mandatory
      380 words
    • 358 5 Bloomberg [SINGAPORE] Asian stocks are facing “deteriorating” technical indicators that may halt a rally that lifted a regional benchmark index to the highest in almost 22 months, according to CIMB Investment Bank Bhd. The MSCI Asia excluding Japan Index’s Moving Average Convergence/Divergence indicator, a measure
      Bloomberg; BLOOMBERG  -  358 words
    • 638 5  -  HOCK LOCK SIEW By R SIVANITHY IN RECENT weeks, it has become apparent that many locally-listed companies with a China presence are exploring the possibility of a dual listing of their shares overseas, in either Hong Kong or Taiwan. This rush to list elsewhere in
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    • 389 7  -  Net property income up 28% to $13.9m in Q1; distribution per unit at 1.33 cts By EMILYN YAP RECENT acquisitions have boosted K-Reit Asia’s financial results for the first quarter ended March 31, 2010. K-Reit yesterday posted a net property income of $13.9 million
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    • 347 7  -  By JOYCE JOYCE HOOI ASCENDAS Real Estate Investment Trust (A-Reit) saw a 1.4 per cent dip in its distribution per unit (DPU) for the fourth quarter ended March 31, from 2.77 cents to 2.73 cents. For the financial year, the Reit saw an 11.4 per
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    • 384 7  -  By TEH SHI NING KEPPEL Telecommunications Transportation (Keppel T&T) yesterday posted a 24.2 per cent increase in first-quarter net profit to $12.7 million, from $10.2 million a year ago. This came despite a 15 per cent fall in revenue for the three months
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    • 705 8  -  It has built up $38m war chest to launch its aggressive acquisition forays By VEN SREENIVASAN GROWTH through acquisition will remain at the core of systems integrator CSE Global’s growth strategy for the foreseeable future. And having just built up its war-chest with a $38
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    • 506 8  -  Sales rise in fish, plastics segments; fall for accessories By FELDA CHAY ORNAMENTAL fish breeder Qian Hu Corporation’s net profit for its first quarter rose 0.9 per cent to $1.41 million from a year earlier. This came as higher revenues seen
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    • COMPANY BRIEFS
      • 68 8 C&G Industrial Holdings has warned that it is likely to report a loss for its polyethylene terephthalate (PET) chip and yarn business for the first three months ended March 31, 2010. However, C&G said it is likely to report a profit for
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      • 94 8 MAP Technology Holdings, a component manufacturer for the hard disk drive (HDD) and biomedical industries, reported a net profit of US$3 million for the first quarter ended March 31, 2010, compared to a net loss of US$1.35 million a year ago. The company said
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      • 63 8 NERA Telecommunications Ltd said net profit fell 24.7 per cent to $2.2 million for the first quarter of 2010. This came as the group’s turnover decreased 35.7 per cent to $32.9 million from a year ago, with lower sales from the telecom
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      • 79 8 MAINBOARD-LISTED Pteris Global has landed a $53 million contract from Mumbai International Airport to design and build the baggage handling system at Terminal 2. The project is expected to take about two years to complete. This is a full turnkey project with Pteris Global
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  • Page 5 Advertisements
    • 21 5 Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • SINGAPORE MARKETS
    • 589 6  -  China property curbs, Europe air travel woes, possible Wall Street selloff cited for STI’s 2.1% fall STOCKS R SIVANITHY Senior Correspondent THE confluence of three negative factors yesterday sent stock prices around the region tumbling and cut 46.26 points or 2.1 per cent off the
      Source: Bloomberg  -  589 words
    • 4 6 DAILY
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    • 64 6 Apr 19 VALUE CLOSE BT OB/OS -19.00-519.00 BT CADI -*****.00-317.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 727.40 -10.14 FTSE ST Small Cap 587.53 -9.10 FTSE ST All Share 734.72 -11.28 FTSE ST China Top 302.22 -4.88 FTSE ST China 311.59 -4.68 FTSE ST Catalist
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 14 2 0 0 0 2 14 2 Manufacturing 27 123 54 2 12 16 29 135 70 Commerce 9 42 19 4 7 4 13 49 23 Tpt/Stor/Comms 4 33 6
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    • BROKERS’ TAKE
      • 320 6 WE maintain our “overweight” stance on Singapore. Last week, the Singapore government released sterling Q1 2010 GDP figures (up 13.1 per cent y-o-y, 32.1 per cent q-o-q), the strongest sequential growth in three decades. Our economist promptly raised his 2010 real GDP forecasts from
        Source: Bloomberg  -  320 words
      • Article, Illustration
        518 6  -  Compiled by CONRAD TAN April 19 close: S$3.98 DMG PARTNERS SECURITIES, April 19 CAPITALAND’S Q1 2010 results came in below expectations, due to lower-than-forecast residential sales in Australia and China. While Singapore’s new high-end launches should do well, we think China’s near-term outlook is uncertain in light of new
        Source: Bloomberg  -  518 words
    • 119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,896 22,896 66,828 66,828 Manufacturing 537,593 35,619 573,212 417,273 1,891 419,164 Commerce 154,017 26,265 180,282 153,793 6,951 160,744 Tpt/Stor/Comms 188,021 1,394 189,415 390,657 238 390,895 Finance 31,552 31,552 271,878 271,878 Construction 68,403 19,437 87,840 23,982
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    • 111 6 Stock name Close Change Stock name Close Change CapMallsAsia 2.210 -0.040 CapitaLand 3.980 -0.120 CapitaMall 1.860 CityDev 10.940 -0.280 ComfortDelGro 1.570 -0.020 DBS Grp 15.360 -0.120 F&N 4.810 -0.080 Genting SP 0.890 -0.010 Golden Agri 0.590 -0.005 HK Land 5.020 -0.070 JMH 35.980 -0.660 JSH 21.080
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    • 522 6 CURRENCIES [NEW YORK] The US dollar and yen gained yesterday as investors sought safety in the low-yielding, stable currencies after fraud charges were lodged against Goldman Sachs Group and concerns arose about a delayed meeting to deal with Greece’s debt. Financial markets
      AFP  -  522 words
    • 56 6 VOLUME ChinaNTown 124,529,000 Yangzijiang 117,916,000 Cosco Corp 75,564,000 Baker Tech 60,957,000 GMG Global 58,654,000 Genting SP 47,981,000 Golden Agri 43,596,000 CapitaLand 38,258,000 Ying Li 30,556,000 Otto Marine 25,373,000 VALUE($) Yangzijiang 167,603,310 CapitaLand 152,840,210 Cosco Corp 134,622,760 DBS Grp 127,549,280 SIA 103,536,000 UOB 64,628,500 StraitsAsia 52,335,872 Wilmar 49,306,086
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    • 108 6 BY CENTS CLOSE UP Lyxor MS India 10US$ 1608 139.2 6.7 DBXT S&P Short 10US$ 5007 90.9 1.3 UOB 5.05%NCPS 100 ***** 24.0 0.2 BakerTech W*****3 48 14.5 43.3 OUE 1614 12.0 0.7 SembMar.ES.1004 425 12.0 2.9 CoscoCorBNPeCW*****1 39.5 8.5 27.4 OCBC Bk 5.1%NCPS 100 ***** 8.0 0.1 CoscoCorMBLeCW*****2
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    • 123 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-513.9 -3.1 GLD 10US$ *****-410.6 -2.6 DBXT FTChina25 10US$ 2989-139.1 -3.3 DBXT MSAsExJp 10US$ 2866-130.9 -3.2 DBXT DJE50 10US$ 4170-124.0 -2.1 JMH 3598 -90.9 -1.8 Jardine C&C 2882 -70.0 -2.4 DBXT FTVietnam 10US$ 4464 -68.9 -1.1 DBXT MSTaiwan 10US$ 1606 -66.1 -2.9
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    • 87 6 Where S$ stands Apr 19 CHNG YR 2010 CLOSE FR Apr 16 S$ LOW S$ HIGH US$ 1.3804 -0.52 1.4219 1.3732 Euro 1.8535 0.44 2.0153 1.8535@ Pounds 2.0992 1.12 2.2831 2.0845 A$ 1.2655 1.22 1.2960 1.2276 Yen* 1.5024 -1.37 1.5927 1.4731 Rupiah* 0.***** -0.16 0.***** 0.***** Baht* 4.2702 -0.24
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  • Page 7 Advertisements
    • 66 7 Being aware of one's HERITAGE also means cultivating traditions that lay the foundation for a prosperous FUTURE. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. L W -^jl Clariden w Leu SWISS PRIVATE BANKING SINCE 1755 Clariden Leu Singapore Branch
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  • Page 8 Advertisements
    • 2433 8 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA HU AN CABLE HOLDINGS LTD. (Company Registration No: *****0320N) (Incorporated in Singapore) China Hu An Cable Holdings Ltd. NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Hu An Cable Holdings Ltd. (the "Company") will
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  • SINGAPORE NEWS
    • 247 9  -  By EILEEN TAY A ONE-STOP Centre for Contract and Casual Workers (C3W) was launched by the National Trades Union Congress (NTUC) yesterday. Situated at the NTUC’s Employment and Employability Institute (e2i), the centre will provide employ-ment-related assistance, work-related advice and targeted resources to
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    • 438 9  -  It expects to seal financing for $1.2b project by Oct By RONNIE LIM INDIA’s GMR Group expects to achieve financial close for its $1.2 billion Island Power plant investment on Jurong Island by this October, after which it intends to immediately start building
      438 words
    • 529 9  -  No nation will yield to political pressure because it is a sovereignty issue By CHUANG PECK MING CHINA’S policy of pegging its currency to the US dollar is untenable and Beijing should switch to a flexible exchange rate to keep inflation at
      REUTERS  -  529 words
    • 386 9  -  It says people can pre-register for its loyalty programme By ARTHUR SIM MARINA Bay Sands (MBS) is partnering 12 coach operators in Malaysia in an effort to attract more tourists to its integrated resort which opens later this month. According to latest statistics from the
      FILE PHOTO  -  386 words
    • 228 9 AT the council meeting of the Council of the Institute of Certified Public Accountants of Singapore (ICPAS) on Saturday, Ernest Kan, chief of operations (clients markets) of Deloitte Singapore, was re-elected as ICPAS president. Gerard Ee, chairman of the National Kidney Foundation, was re-elected
      228 words
    • 218 9 IN light of the upcoming ministerial community visit by Law Minister K Shanmugam, Joo Chiat Constituency yesterday gave an update on the success of its clean-up efforts and also announced that it will be promoting both active ageing and youth activism within its community. In
      218 words
  • Page 9 Advertisements
    • 161 9 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. FHA2010 Cll 20 23 April 2010, Singapore EXPO EUROPEAN TABLE.EU TRADITION, MODERNITY, QUALITY Presentation of high quality meats and cold cuts produced in the European Union, including fresh, chilled
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  • SME Inc
    • 1001 10  -  Marine safety firm TechnoFIBRE sets its sights on building a presence in the top 25 to 30 major ports in the world, reports JASLENE PANG JASLENE PANG MARINEsafetyfirmTechnoFIBREmayseem to be subsiding with its exit from some countries in recent years, but this is merely part of
      YEN MENG JIIN  -  1,001 words
    • 368 10  -  By OLIVIA HO A NEW business tool is expected to improve access to finance for small and medi-um-size enterprises (SMEs) in Singapore. Credit Bureau Singapore (CBS) officially launched a “blended” credit score aimed at SMEs last week. First announced in December last year, the
      368 words
    • 757 10  -  By GLENN CHEE THE Netherlands Foreign Investment Agency (NFIA) expects to attract five or six Singapore companies this year to the land famous for its cheese, clogs, windmills, tulips and the huge port of Rotterdam. And there are good reasons for SMEs to set
      757 words
    • 609 11  -  Perseverance has made Cityneon a leading player in the Middle Eastern exhibition industry, reports ZEINAB YUSUF SAIWALLA SMALL CAPS ZEINAB YUSUF SAIWALLA A STROKE of luck took Cityneon to the Middle East but perseverance and hard work over the years have made it a leading
      YEN MENG JIIN  -  609 words
    • 425 11  -  By TEH TEH HOOI LING THE widening probe into Goldman Sachs and China’s announcement of “draconian” measures to cool its housing market hit stocks with a double whammy yesterday. The MSCI Emerging Markets Index lost 2.1 per cent by 12.05pm in London its
      425 words
    • 787 12  -  A systematic approach can help businesses sustain their ventures to achieve their long-term business objectives By TAH WEE HAN, LEO KAH MUN Tah Wee Han is a director and Leo Kah Mun is a manager of the management consulting division at BDO Consultants Pte Ltd
      STOCK.XCHNG  -  787 words
    • 864 12 THIS WEEK’S TOPIC A recent SME innovation survey released by brand management consulting firm StrategiCom showed that only 21 of the 100 respondents said they have the right tools to innovate, and actually do so. Do you think SMEs will bite into the new Productivity and Innovation
      864 words
  • Page 10 Advertisements
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    • 8 10 COMMENTARY Research markets before venturing overseas Page 12
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  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 334 12 Keppel T&T Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2010 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the first quarter ended 31 March 2010.
      334 words

  • Page 13 Advertisements
    • 183 13 Canon Delighting You Always J 1 .'4 3538 Don't start a business just to be a millionaire. C— Ivan Lee CEO Thai Express group of restaurants 7* Think Bll MCanon Canon empowers success. Canon's business solutions have always been an integral part of entrepreneurs' success stories. This spirit of partnership
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  • ECONOMY WATCH
    • 576 14  -  Region will need help in footing bill as huge investment is required, it says By ANTHONY ROWLEY EAST Asia’s half dozen leading energy-consuming nations (China, Indonesia, Malaysia, the Philippines, Thailand and Vietnam) could stabilise their greenhouse gas emissions within
      REUTERS  -  576 words
    • 490 14 It also sees China moving on currency policy at some point Reuters [TOKYO] The International Monetary Fund (IMF) will raise its forecast for global growth this year to 4 per cent or more as China and emerging economies pick up pace, the
      Reuters  -  490 words
    • 493 14 Minister, industry brainstorm on how to contain damage [BERLIN] Germany’s economy minister warned yesterday that the ongoing closure of European airspace is seriously impairing economic activity. Economy Minister Rainer Bruederle warned in a statement that the lack of air travel risks causing
      493 words
    • 366 14 Reuters [ATHENS] European and International Monetary Fund (IMF) officials will discuss the possibility of more austerity measures for Greece, a top European Union (EU) official was quoted as saying yesterday, as a delay in talks put pressure on Greek assets. The
      Reuters  -  366 words
    • 333 14 Reuters [SEOUL] The appreciation of China’s yuan is unlikely to be a main issue during a finance ministerial meeting among the Group of 20 rich and emerging economies later this week, South Korea’s finance minister said. G20 finance leaders and the International Monetary Fund in
      Reuters  -  333 words
  • Page 14 Advertisements
    • 83 14 Kinki Rocks At Kuriya Dining for the month of April Savour the highly-prized Kinki fish from Hokkaido. Enjoy its sweet fatty flesh as it melts in your mouth. Available as Shioyaki (grilled with salt) or Nitsuke (simmered). .N A n A not-to-be-missed price of $78.80 for a whole Kinki fish.
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  • MALAYSIA/INDONESIA
    • 655 15  -  Failure to implement reforms will lead to declining growth, accelerating debt By PAULINE NG THE World Bank has tipped Malaysia’s economy to grow 5.7 per cent this year but warned that failure to implement comprehensive structural reforms will result in declining growth and
      AFP  -  655 words
    • 398 15  -  By S JAYASANKARAN PRIMUS Pacific Partners, a 20.2 per cent shareholder of EON Capital, has implied that it has no intention of selling out of the Malaysian lender. In a rambling statement late Sunday, Primus said it is a “long-term investor seeking
      398 words
    • 265 15 Reuters [JAKARTA] Indonesia’s oil output may hit 917,000 barrels per day, falling short of this year’s target of 965,000 bpd and below last year’s level due to environmental and other issues, an energy watchdog official said yesterday. Indonesia has said previously it would produce
      Reuters  -  265 words
    • 324 15 Reuters [JAKARTA] Indonesia may issue Islamic treasury bills and retail sukuk this year to diversify funding sources, develop the Islamic debt market and finance the state budget deficit, Finance Ministry officials said here yesterday. The ministry also said it expected to issue conventional bonds
      Reuters  -  324 words
  • Page 15 Advertisements
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  • GREATER CHINA
    • 504 16 With 5% revaluation China GDP could outpace Japan from Q3: ANZ economist Bloomberg [HONG KONG] China’s anticipated move to let its currency appreciate may help the nation overtake Japan as the world’s second-larg-est economy, Australia and New Zealand Banking Group Ltd. said. A
      Bloomberg  -  504 words
    • 555 16 Reuters [SHANGHAI] A Cotai Strip mega-resort being built by Sands China, the Macau unit of US casino giant Las Vegas Sands, is on track to open by September 2011, its chief executive said yesterday, brushing off recent fears of further delays for the
      Reuters  -  555 words
    • 254 16 Regulator expects overall balance of payments surplus to be larger Reuters [BEIJING] China might see increased foreign exchange inflows this year as expectations of yuan appreciation mount, the State Administration of Foreign Exchange (SAFE) said yesterday. SAFE also said it expected a smaller current
      Reuters  -  254 words
    • 603 16 LUXURY LIVING Reuters [SHANGHAI] Fashion is not about browsing through a store or watching a fashion show anymore, especially if you’re an international label out to court one of the world’s fastest growing luxury markets: China. As Western markets suffer from a
      Reuters  -  603 words
    • 504 16 Reuters [BEIJING] Hailing from the Himalayan plateau, the li-on-like Tibetan mastiff has become China’s latest expensive indulgence. The shaggy, 82 kg dog, known for its loyal but fierce disposition, has become the latest accessory for the country’s legions of wealthy who are snapping up
      Reuters; AP  -  504 words
  • Page 16 Advertisements

  • INDIA
    • 564 17 Warmer nights affect rice output, day temperatures hurt wheat: scientist Bloomberg [BANGALORE] Rising temperatures and inadequate rainfall in India are stagnating grain output, threatening food security in the world’s second-most populous country, according to a weather scientist. In the past decade, average
      Bloomberg; AP  -  564 words
    • 559 17 NYT [NEW DELHI] A former high-level United Nations diplomat who had become a prominent and flamboyant figure in the Indian government resigned on Sunday amid accusations that he had wrongly used his official influence to help a female friend get an ownership stake in
      NYT; AP  -  559 words
    • 315 17 Reuters [NEW DELHI] India now has 100 million more people living below the poverty line than in 2004, according to official estimates released on Sunday. The poverty rate has risen to 37.2 per cent of the population from 27.5 per cent in 2004, a
      Reuters  -  315 words
    • 334 17 C’wealth Games chief says no direct threat to Oct event AFP [NEW DELHI] India yesterday played down security concerns over the upcoming Commonwealth Games and other international events in the country after a weekend scare that saw explosions at a cricket stadium. Eight people
      AFP  -  334 words
    • 450 17 Ban on rice futures being reviewed, says regulator Reuters [MUMBAI] India’s commodity futures market regulator has recommended that foreign brokers should be allowed to trade in derivatives, and said a ban on rice futures is being reviewed as the supply scenario is now comfortable.
      Reuters  -  450 words
  • Page 17 Advertisements
    • 743 17 [•SATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) GEMBIRATYRES TRADING PTE. LTD. (Company No. *****6050E) (2)HANSONJACKAUTOTYRESPTE.LTD. (Company No. *****6173M) (In Members' Voluntary Liquidation) At the respective Extraordinary General Meeting of the above-named Companies deemed to be held on 20 April 2010
      743 words

  • ASIA-PACIFIC/WORLD
    • 815 18 The bank denies wrongdoing, pledges to fight the lawsuit by SEC Bloomberg Reuters [NEW YORK] British and German financial regulators are investigating whether they can take action against Goldman Sachs Group in relation to a lawsuit filed last week by the
      Bloomberg; Reuters; AFP  -  815 words
    • 479 18 Reuters [HONG KONG] Clients of Goldman Sachs are standing behind the bank after the top US securities regulator slapped charges against the Wall Street powerhouse over its marketing of a sub-prime mortgage product. Across Asia, the investment bank’s corporate clients appeared content to
      Reuters  -  479 words
    • 655 18 Bloomberg AFP [LONDON] Gold dropped to the lowest price in almost two weeks in London on speculation that commodities demand will be curbed by regulations arising from the lawsuit against Goldman Sachs Group Inc for alleged fraud. Goldman Sachs faces a UK
      Bloomberg; AFP; AP  -  655 words
    • 588 18 AP Bloomberg [NEW YORK] Citigroup Inc provided more evidence that America’s big banks may have turned a corner. The bank reported a surprise first-quarter profit yesterday as trading revenue offset losses from failed loans. The company earned US$4.4 billion after payment of
      AP; Bloomberg  -  588 words
    • 386 18 LATEST US DATA Bloomberg [NEW YORK] The index of US leading indicators rose in March by the most in 10 months, a sign that the economy will keep growing into the second half of the year. The 1.4 per cent increase in
      Bloomberg  -  386 words
    • 538 19 A NAB-Axa merger would result in lesser competition, says regulator Bloomberg [SYDNEY] National Australia Bank’s A$13.3 billion (S$16.9 billion) bid for asset manager Axa Asia Pacific Holdings was blocked by regulators, prompting rival suitor AMP Ltd to signal a fresh offer. The
      Bloomberg  -  538 words
    • 466 19 Reuters [WASHINGTON] Toyota Motor Corp has agreed to pay a record US$16.4 million fine to US safety regulators in response to the government’s claim that it knowingly delayed a massive accelerator pedal recall in January, a government official said. The
      Reuters; AFP  -  466 words
    • 341 19 POLITICAL TRUST Reuters [TOKYO] Only a quarter of voters support Japanese Prime Minister Yukio Hatoyama’s government, a newspaper poll showed yesterday, as his troubles mount before a mid-year election his party must win to avoid policy deadlock. Support fell seven percentage points
      Reuters  -  341 words
    • 321 19 Reuters [WASHINGTON] Nearly 80 per cent of Americans say that they do not trust the US government to do what is right, expressing the highest level of distrust in Washington in half a century, according to a public opinion survey. Only 22 per
      Reuters  -  321 words
    • 519 19 AP [AMSTERDAM] Royal Philips Electronics NV yesterday reported a strong rise in sales and a return to profit in the first quarter, thanks to a good performance by its lighting division. Philips is the world’s largest lighting maker. The company said net profit
      AP; BLOOMBERG  -  519 words
    • 534 19 Bloomberg [HONG KONG] Prudential plc has “overwhelming” investor support for a US$20 billion rights offering to finance the acquisition of American International Group Inc’s Asian life unit, the largest purchase in its 162-year history. “The investor feedback has been extremely positive,” said Barry
      Bloomberg  -  534 words


  • FOCUS: CONJUGAL CONS
    • 2535 20 More married couples are getting caught engaging in insider trading, stock manipulation or running a Ponzi scheme Reuters [NEW YORK] JJanonenovescengovEFFERY Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any
      Reuters; REUTERS  -  2,535 words
  • Page 20 Advertisements

  • WORLD
    • 693 21  -  COMMENTARY By STEVE SLATER Steve Slater is a race commentator on Star Sports coverage of Formula One LOOKING at the form book, the Chinese F1 Grand Prix should have been easy to predict. Red Bull had again dominated, qualifying with a 1-2 for Vettel
      XINHUA  -  693 words
    • 693 21 NYT [SAN FRANCISCO] This year, Netflix made what looked like a peculiar choice: the DVD-by-mail company decided that over the next two years, it would move most of its Web technology customer movie queues, search tools and the like over to the computer servers
      NYT  -  693 words
    • 815 21 Organisers still have 355,000 tickets to sell in 8 weeks AP [JOHANNESBURG] World Cup organisers still have 355,000 tickets to sell in the eight weeks leading up to the tournament as they continue to sacrifice short-term profits for the
      AP; REUTERS  -  815 words
    • 760 21 Flights between Iceland and rest of world on schedule NYT [REYKJAVIK, Iceland] Like the volcano that erupted last week, this once obscure island nation seems to have awoken from centuries of quietude with a determination to spread its fallout all over Europe. In the
      NYT; AP  -  760 words

  • Page 22 Advertisements
    • 508 22 Str aits Times Wa Stree Journal A J The Business Times Financial Times IHT The New PaP er Car The Buy er Ed9 e NEW LISTINGS NOCK LOCK SIEW PROPERTY DEAL "f® Hotel set to switch hands page 2 |B 'orprepai .THE BUSINESS TIMES f? S baby steps to win
      508 words

  • AVIATION
    • 481 23 Cost to airline sector estimated at 150-200 million euros per day AIR TRAVEL SHUTDOWN AFP [PARIS] Shares in leading European airlines fell in early trading yesterday, weighed down by the disruption and costs of volcanic ash from Iceland which has grounded tens
      AFP; REUTERS  -  481 words
    • 398 23 AFP [LONDON] Britain is dispatching Royal Navy ships to help bring home its nationals stranded by the closure of European airspace due to volcanic ash, Prime Minister Gordon Brown said yesterday. The aircraft carrier HMS Ark Royal and amphibious assault ship HMS
      AFP  -  398 words
    • 2792 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410 0605
      2,792 words
    • 648 23 AFP [PARIS] Formula One to badminton, football to MotoGP the travel chaos triggered by the cloud of volcanic ash which has grounded the bulk of Europe’s airfleet has hit sporting events around the globe. The coming weekend’s Japanese MotoGP is the biggest casualty of the transport
      AFP  -  648 words
  • Page 23 Miscellaneous
    • 335 23 CRYPTIC CROSSWORD Across 1 Deception by Spain at being reformed by such a good man (5,7) 9 Issue denial about the sweet I consumed (9) 10 Evidence of liquidity between banks (5) 11 Upset, sadly, about first of exam hold-ups (6) 12 Out of control, dad loses heart in winter
      335 words

  • Page 24 Advertisements
    • 1735 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W. Malaysia, Indonesia Destination PACIFIC RICH
      1,735 words
    • 556 24 WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com TO NORTH AND LATIN AMERICA ‘‘CAR RORO HEAVYLIFT SERVICE’’ VESSEL VOY RAMP HEIGHT SIN TIW LBC MAO SAV BAL NEN FIDELIO FF008 125 Tons 6.50M 02/05 29/05 06/06 11/06 16/06 14/06 TALISMAN FF009 320 Tons 6.40M 14/05 11/06 14/06 21/06 26/06 01/07 29/06 TOMBARRA FF010
      556 words

  • SHIPPING
    • 303 25 Owners are waiting for the bulk of May demand to start this week Bloomberg [LONDON] The supply of supertankers competing for 2 -million-barrel cargoes of Middle East crude fell to parity with expected demand as owners wait for the bulk of May demand
      Bloomberg  -  303 words
    • 380 25 Kuehne Nagel aims to outperform market Reuters [ZURICH] Logistics group Kuehne Nagel aims to outperform the market this year as the sector recovers thanks to a pick-up in global trade, the group said yesterday. The Swiss group reported a first-quarter net profit of 131 million Swiss francs (S$170 million), more
      Reuters; REUTERS  -  380 words
    • 536 25 Reuters [LONDON] The threat of fresh sanctions on Iran will hurt shipping activity to and from the country while also hampering the Islamic Republic’s ability to export its crude oil. The US is pushing for a fourth round of UN sanctions on Teheran
      Reuters  -  536 words
    • 192 25 Reuters [LONDON] Iran is storing crude oil at sea on up to 20 tankers with most of it believed to be on very large crude carriers (VLCCs), according to shipping sources. One shipping source estimated Iran was storing crude oil on up to 19
      Reuters  -  192 words
    • 278 25 SGX '000 Apr 19 S$ +/-Vol CH Offshore 0.69 0.01 1128 Chuan Hup Hldgs 0.30 -0.01 175 Cosco Corp 1.79 0.02 ***** CWT Ltd 1.00 -0.04 3777 Ezra Hldgs 2.24 -0.13 ***** First Ship Lease 0.64 -0.01 1206 Freight Links 0.05 unch 2536 Grand Banks 0.47 -0.01 10
      278 words
  • Page 25 Advertisements
    • 579 25 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
      579 words
    • 355 25 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL SEM JKT SUR BTU ADMIRE CORAL 29 60 25/04 27/04 29/04 SEPANG EXPRESS 2 50 01/05 02/05 04/05 LUNA AZUL 104 35 80 03/05 06/05 08/05 10/05 13/05 BRISA AZUL 109
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    • 431 25 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF HJ GDYNIA 0009W 22/04 30/04 01/05 03/05 HJ KINGSTON 0013W 29/04 07/05 08/05 10/05 HJ DUESSELDORF 0004W 06/05 14/05 15/05 17/05 WILLIAMBURGS BRID 0001W 13/05 21/05 22/05 24/05 Vessel Voy SIN TAO KAN PUS SHA
      431 words

  • EDITORIAL & OPINION
    • 492 26 EDITORIAL THE US Securities and Exchange Commission (SEC) has put its reputation on the line with its decision to file a civil fraud charge last week against high-profile Goldman Sachs over the sub-prime debacle. For regulators everywhere, the whole affair holds important lessons.
      492 words
    • 773 26  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University LAST October, I saw a cartoon by Mike Petersin which a teacher asks a student to create a sentence that uses the verb “sacks”, as in
      773 words
    • 1050 26  -  Its diversification into new businesses sets a new benchmark in Philippine corporate scene AL LABITA The writer is a Manila-based commentator AT THE rate it is snapping up new business deals, it looks like the Philippines’ corporate behemoth San Miguel Corp (SMC)
      BLOOMBERG  -  1,050 words
    • 1357 27  -  He needs to go on the political offensive and demonstrate that while NEM is pro-minorities, it is pro-Malay as well By DERWIN PEREIRA The writer heads Pereira International, a Singapore-based consulting company. He can be reached at derwin.pereira@pereiraintl.com CONVENTIONAL wisdom has it that
      AP  -  1,357 words
    • 928 27  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg KISHORE Mahbubani is an unabashed Asia bull. The title of the former Singaporean diplomat’s 2008 book says it all The New Asian Hemisphere: The Irresistible
      Bloomberg; AFP  -  928 words


  • SINGAPORE STOCKS
    • 9054 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 4.5 3148 8Telecom 17cd unch 675 17 17 17 17.5 1.7 10.6 5.5 81.4 10 4.5 5834 A-Sonic 7 -0.5 587
      9,054 words
    • 1964 29 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 5.5 6.5 38.9 6.7 25 12 8538 t APStrategic 22.5 20 21 132.8 4 0.5
      1,964 words
    • 9347 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.27/ APS Alpha Fund (USD)!** 0.92/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.73/ Aberdeen Asset Mgt Asia Limited American Opp 0.6819/ Asian Credit Fund 1.2461/ Asian
      9,347 words
    • 627 29 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 109.5 109 111 499.8 876 527 CIMBAsean40 100US$ US876 853 858 35 306 180 DBS STI ETF
      627 words
    • 74 29 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A49 46.5 53 3.6 7.1 3.9 127.6 31 9.5 6017 Genting HK US$ US21 +0.5 909 21 20.5 20.5 21
      74 words


  • FINANCE & COMMODITIES
    • 365 30 In local curr In S$ In US$ dy yr dy yr dy yr Apr 16 Index Change Change Change Change Change Change World Index Preliminary 881.1 -1.3 5.8 -1.6 2.4 -1.5 4.7 EAFE Preliminary 822.6 -1.3 4.8 -1.6 -0.3 -1.4 2.0 Europe Preliminary 1170.8 -1.5
      365 words
    • 180 30 Apr 19 $S Offer Bid Overnight 1/16 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 0.09 US$ Offer Bid 7 days 0.28 0.24 1 month 0.35 0.25 2 months 0.38 0.28 3 months 0.40 0.30 6 months 0.52 0.42 9 months 0.90 0.70 12
      180 words
    • 24 30 Apr 19 S$ Bid Offer 1-month 1.3778 1.3799 2-months 1.3778 1.3799 3-months 1.3779 1.3799 6-months 1.3779 1.3800 Source: OCBC Source: OCBC
      24 words
    • 176 30 Apr 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 400.0 Jun 10 385.0 380.0 385.0 68 Jul 10 365.0 363.0 363.5 85 Aug 10 353.0 20 Sep 10 345.5 345.5 345.5 60 Oct 10 342.9 TSR
      176 words
    • 87 30 Apr 19 Apr TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 22.07.2010 0.34 0.34 0.34 1-Year BY*****N 01.11.2010 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.13 5-Year N*****0N 1.375 01.10.2014 101.00 101.12
      87 words
    • 105 30 Apr 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 985.25 984.00 989.75 978.25 Jul 10 995.00 993.00 999.00 987.50 Aug 10 990.75 988.75 994.00 984.00 Sep 10 973.25 969.50 975.75 965.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.80 40.07 40.05
      105 words
    • 77 30 CRUDE OIL PRODUCTS Apr 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.86 -1.48 WTI (Near Mth) 83.13 -2.34 Dubai (1-Mth F) 84.97 0.59 Tapis blend 89.65 0.10 Minas 89.35 0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.67 -0.27 Jet Kerosene 96.26 0.66 US$/barrel Opec Oil
      77 words
    • 2517 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strat W*****6 4 -0.5 2041 1 15 -16 5.63 49 4085 ASJ Hldgs W*****1 3.5 1 4 15 1.86 22 2036 Advance SCT W*****9 0.5 1 87 2400
      2,517 words
    • 133 30 Apr 19 As at 9am Apr Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2600 1.2980 Can dollar 1.3490 1.3660 Euro 1.8450 1.8670 NZ dollar 0.9690 0.9900 Sterling pound 2.0940 2.1180 US dollar 1.3690 1.3850 Local dollars to 100 units of
      133 words
    • 29 30 Apr 19 Open High Sett STI Apr 2937 2937 2944 SIMSCI Apr 355.8 356.1 351.4 Taiwan Apr 287.4 288.1 279.5 Source: MF Global (S) Pte. Ltd
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    • 66 30 Apr 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2530 2490 2530 2487 1412 7884 Jun 10 2501 2478 2508 2472 4391 ***** Jul 10 2490 2470 2494 2455 9266 ***** Aug 10 2485 2464
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    • 377 30 Apr 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6400 0 3079 Sep10 99.5300 0 1086 Dec10 99.3100 0 1536 Mar11 98.9950 0 2263 EUROYEN TIBOR FUTURES Jun10 99.6300 99.6300 99.6250 99.6250 50 4420 Sep10 99.6400 99.6400 99.6400 99.6450 100 3524 Dec10 99.6500 0 1353
      377 words
    • 466 30 Apr 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.933 6.268 0.682 7.127 40.940 83.024 0.843 10.269 2.954 1.296 77.161 40.977 1.266 6.824 0.978 28.882 29.699 0.602 0.918 Canada 1.072 6.718
      466 words
    • 85 30 Apr 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 30 Apr 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2649 1.2670 0.9181 0.9183 Canadian dollar 1.3555 1.3581 0.9839 0.9843 Euro 1.8537 1.8569 1.3455 1.3459 NZ dollar 0.9757 0.9778 0.7082 0.7087 Sterling pound 2.1002 2.1035 1.5244 1.5246
      154 words
    • 142 30 Apr 19 GOLD (US$/oz) Apr 16 Apr 19 Hong Kong 1156.10 1128.90 Apr 15 Apr 16 London 1159.30 1135.55 1160.10 1136.55 Source: Thomson Reuters CAST BAR Apr 19 (S$) Selling Buying Kilobar 54,068.17 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 343.47 252 10gm 614.18
      142 words
    • 69 30 Apr 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2402.05 2439.85 3 months 2434.00 2472.00 Copper, Grade A (US$/tonne) Cash 7728.00 7913.50 3 months 7760.00 7945.00 Lead (US$/tonne) Cash 2237.00 2315.75 3 months 2261.00 2340.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 76 30 Apr 16 COCOA (£/tonne) Close Prev High/Low May 10 2180 2125 2181/2130 Jul 10 2200 2145 2200/2150 Sep 10 2170 2116 2170/2123 Dec 10 2139 2091 2140/2099 COFFEE (US$/tonne) Close Pev High/Low May 10 1345 1348 1354/1340 Jul 10 1382 1386 1390/1378 Sep 10 1412 1417 1421/1407 SUGAR (US
      76 words

  • PROPERTY
    • 511 31  -  Tree House, The Holland Collection being launched this weekend By UMA SHANKARI [SINGAPORE] Developers plan to launch more residential projects this weekend even though home sales slowed in April after a strong showing in March. 1,761 new private homes were sold in March a
      511 words
    • 306 31  -  By UMA SHANKARI [SINGAPORE] Commercial real estate investment transactions in the Asia-Pa-cific region continued to grow in the first quarter of 2010 to hit US$38.6 billion, up from US$28.2 billion in Q4 2009, according to a report by DTZ. The increase was due to
      306 words
    • 682 31 UK April home asking prices up 2.6%, highest in 3 years Bloomberg [LONDON] UK home sellers raised asking prices by the largest amount for April in three years as demand outstripped the supply of desirable properties for sale, Rightmove plc said. The average house price in England and Wales climbed
      Bloomberg; BLOOMBERG  -  682 words
    • 214 32 [SINGAPORE] The Urban Redevelopment Authority (URA) will be organising two public forums next month to gather feedback for the upcoming Concept Plan 2011. URA earlier formed two focus groups to consider issues that will shape Singapore’s environment in the years ahead.
      214 words
    • 544 32 Banks told to stop loans for third-home buys, get tax returns from buyers Bloomberg [HONG KONG] China told banks to stop loans for third-home purchases as the government steps up measures to cool property prices with some of the “most draconian” orders yet.
      Bloomberg; REUTERS  -  544 words
    • 431 32 Bloomberg [SHANGHAI] China’s demand for property is likely to remain strong even as the central government imposes tougher measures to curb property prices, according to Richard Yorke, the head of HSBC Holdings plc’s China operations. “The strength of the demand story in
      Bloomberg  -  431 words
  • Page 31 Advertisements
    • 155 31 PRIME RESIDENTIAL SITE AT MARGATE ROAD Site area of 24,002 sf (comprising 11,969 sf and 12,033 sf) Freehold Plot ratio 2.1 Height restriction up to 24 storeys Spectacular unblock view of the surroundings Expression of Interest Closing today, 3pm For further information, please contact: Investment Sales (Capital Markets) 6535 3232
      155 words
    • 111 31 mmMMtm 1 Ocean Dr 7900sqft, beautiful wide frontage, full ocean view. Cove Dr 6800sqft, mins walk to Tanjong Beach and monorail. Golf Waterway City partial seaview Quiet. Rare! Vacant. Must sell! Cove Way 7800sqft Seaview yet wtih Private Berth, super rare Motivated seller. •Treasure Island 14, OOOsqft. Posh Interior design
      111 words
    • 184 31 Tranquil Hillside Plot Near Sentosa CREDO 65,480 sf land, Freehold, GPR 1.4/5 storeys 350 m only to Telok Blangah MRT Foot of Mt Faber, near nature reserves Unique condo site for nature lovers Close to fun and excitement of Sentosa Tender Closing 27 April 2010 (Tue), 2.30pm Sea Sent alex@
      184 words

  • Page 32 Advertisements
    • 133 32 IMMzDIA AT INNOVATION PLACE Brand New Freehold Factory Located at Mandai Estate Sizes from 1,432 sq ft Near Kranji and Yew Tee MRT Stations Ideal for office, showroom, warehouse production Good corporate image Immediate Occupation Mandai Rd l IMM-DIA s s m r I!.' m RhpiS!^ irn I That Caters
      133 words
    • 185 32 HSB: FOR SALE BY TENDER TOH TUCK APARTMENT FREEHOLD RESIDENTIAL SITE 100% consensus 29A Toh Tuck Road Land size: 40,449 sq ft Gross Plot Ratio: 1.4, up to 5 storeys Walk to Beauty World MRT Station (U/C) Elevated land, Bukit Timah view, lush greenery Potential for 75 units of apartments
      185 words