The Business Times, 22 April 2010

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Microfilm: NL30642
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, April 22, 2010
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  • Article, Illustration
    Lock icon IMF flags ‘bubble trouble’ in Asia
    530 1  -  Many property markets overheating and correction fears loom; S’pore sees big share of new bank lending going into real estate By VIKRAM KHANNA [SINGAPORE] The International Monetary Fund warns that residential real estate markets in East Asia are overheating and that by some measures,
    Sources: OECD; and national authorities  -  530 words
  • Article
    Lock icon Stranded travellers take to the air(waves), telcos smile
    529 1  -  By WINSTON CHAI [SINGAPORE] International call traffic has doubled for local operators as stranded travellers took to the cellular airwaves in a bid to stay connected following the blanket closure of European air space. Volcanic ash clouds from Iceland have wrecked havoc
    529 words
  • Article
    Lock icon MARKETS DIGEST
    153 1 ST INDEX 2,967.65 (-13.72) ST INDEX FUTURES 2,951.00 (-14.00) SIMSCI 354.45 (-1.47) KL NIKKEI HANG SET JAKARTA MANILA SEOUL SHENZHEN MUMBAI DOW NASDAQ SIMSCI FUTURES 352.30 (-0.60) PRIME FOREX US$ S$ US$ (S$ per US$) 1.371 (US$/S$ per 1.538 2.109 EURO (US$/S$/E) 1.344 1.842 Foreign currency per US$
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      47 1 INSURANCE Lawyers criticise Bank Negara's reform plan PAGE 14 OPINION Why demonise the credit default swaps? PAGE 20 BizIT Singapore PC monitor sales up 10%: IDC PAGE 28 DERIVATIVES TRADING SGX plans rule changes to increase pie PAGE 6 PROPERTY Good returns seen from mature PAGE 32
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      18 1 Hock Lock Siew, Page 6 More reports on Iceland volcanic fallout, Pages 2 and 22 8 *****1 *****4
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      10 1 Sovereign risks could trigger new phase of crisis, Page 4
      10 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon IMF flags housing ‘bubble trouble’ in Asia
        76 2 THE International Monetary Fund warns that residential real estate markets in East Asia are overheating and that by some measures, valuations are stretched. In its just-released Global Financial Stability report, the IMF notes that since the second half of 2009, housing prices especially
        76 words
      • Article
        Lock icon Stranded travellers take to the air(waves), telcos smile
        40 2 INTERNATIONAL call traffic has doubled for local operators as stranded travellers took to the cellular airwaves in a bid to stay connected following the blanket closure of European air space. FRONT PAGE
        40 words
      • Article
        Lock icon Airlines resume flights from Changi to Europe
        69 2 SINGAPORE Airlines fully reinstated flights to Europe yesterday as airspace there was opened up following a six-day disruption to air traffic that will cost SIA $40 million in revenue. Other airlines such as Qantas and KLM also swiftly resumed flights out of Changi
        69 words
      • Article
        Lock icon IMF hikes world growth to 4.25% as Asia powers on
        60 2 LED by Asian and other emerging economies, the global economy will expand faster than previously expected this year, the International Monetary Fund said, raising its projection for overall real GDP growth in 2010 to 4.25 per cent compared with the
        60 words
      • Article
        Lock icon SGX eyeing bigger share of derivatives market
        47 2 MORE regulatory changes are afoot, as the Singapore Exchange moves to capture a greater share of the derivatives pie. The latest proposal could signal the resolve of SGX in raising its attractiveness in the derivatives segment. COMPANY NEWS, PAGE 6
        47 words
      • Article
        Lock icon CMT optimistic of future growth
        69 2 CAPITAMALL Trust yesterday posted stronger results for the first quarter ended March 31 and signalled optimism ahead. There will be more asset enhancement initiatives at Junction 8 and Tampines Mall. Ongoing works at Raffles City and Jurong Entertainment Centre are also on schedule. CMT’s net
        69 words
      • Article
        Lock icon Global Palm Resources launches IPO
        54 2 GLOBAL Palm Resources has launched an initial public offering to raise net proceeds of $46.5 million on the Singapore mainboard. The Indonesian palm oil producer, with a strong focus on corporate social responsibility and “triple bottom-line”, is offering 110 million new shares at $0.46 each.
        54 words
      • Article
        Lock icon US junk bond issues set to reach US$200b this year
        62 2 WHITE-HOT demand for junk bonds has put new issuance on pace to hit US$200 billion this year for the first time, a fresh sign of investor optimism in the US economic recovery. By some counts, junk bond sales have already
        62 words
      • Article
        Lock icon HK may suffer fallout from China’s anti-bubble moves
        87 2 CHINA’S steps to cool record property price gains and allow the yuan to appreciate may stymie Hong Kong’s efforts to contain surging home values in a city with its own currency pegged to the US dollar. A stronger yuan would make Hong
        87 words
    • Article
      Lock icon Airlines resume flights from Changi to Europe
      627 2  -  SIA estimates $40m revenue opportunity loss from disruption and cancellations By NISHA RAMCHANDANI [SINGAPORE] Singapore Airlines (SIA) fully reinstated flights to Europe yesterday as airspace there was opened up following a sixday disruption to air traffic that will cost SIA $40 million in
      627 words
    • Article, Illustration
      Lock icon DBS digs deeper into Asian infrastructure financing
      452 2  -  By SIOW LI SEN [SINGAPORE] DBS Bank has set up a dedicated project finance team to try and win a bigger share of funding Asia’s infrastructural development. While DBS has been active in the project finance space across various industries, “the bank is
      AFP  -  452 words
    • Article
      Lock icon Apple Q2 results smash forecasts
      609 2 Shares jump 5% as firm gives strong revenue forecast for June quarter Reuters [SAN FRANCISCO] Apple Inc’s results blew past Wall Street expectations on the back of record iPhone sales, and the company gave a strong revenue forecast, sending its shares up more than 5
      Reuters  -  609 words
    • Article
      Lock icon IMF hikes world growth to 4.25% as Asia powers on
      705 4  -  But recovery still fragile and comes at high costs to government finances By ANTHONY ROWLEY LED by Asian and other emerging economies, the global economy will expand faster than previously expected this year, the International Monetary Fund said yesterday, raising
      705 words
    • Article
      Lock icon Tuas solar plant to power Norway’s REC
      557 4  -  World’s biggest cell complex can lift firm’s output 4-fold By RONNIE LIM [SINGAPORE] Some sunshine is breaking through again after a dreary 2009 for solar cell makers. And Renewable Energy Corporation’s new solar manufacturing complex at Tuas which is “now close to completion”
      557 words
    • Article, Illustration
      Lock icon Green is the new black for big firms on Earth Day
      724 4  -  Efforts range from tree planting to energy saving By JOYCE HOOI [SINGAPORE] As fears of slipping into the red recede, large firms have turned their attention to all things green for Earth Day this year. An all-star line-up of
      724 words
    • Article, Illustration
      Lock icon Sovereign risks could trigger new crisis phase
      379 4  -  By VIKRAM KHANNA [SINGAPORE] Could sovereign risks extend the global credit crisis? This is a question that the IMF asks in its April 2010 Global Financial Stability Report, and its answer is yes. And this time, the epicentre of the crisis could be
      REUTERS  -  379 words
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      331 2 ATIC ASIA TRADER INVESTOR CONVENTION 2010 24 25 APRIL SUNTEC SINGAPORE r YM!M©afewayAt@ P IBI Register today to unleash your profit potential and trading strategies from our trading masters as they reveal the secrets to their investment success in the current rising market! Trade, Invest, Prosper in Singapore (T.I.P.S) as
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      8 2 More reports on Iceland volcanic fallout, Page 22
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      203 3 ORCHARD iSCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 mi •f i i m >%■ A m* w I < The luxury of space. In the heart of Orchard. sS Space is a true expression of luxury. At Orchard Scotts, you will experience space in abundance for this award-winning
      203 words
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      185 5 Welcome a new M1 into your world. MobileOne Ltd is now M1 Limited. A change that goes beyond a new name and a new logo. It reflects our commitment to meet the demands of your evolving communication needs. For homes, we offer the widest range of broadband connections and speeds.
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX eyeing bigger share of derivatives market
      590 6  -  Changes proposed to introduce central clearing services for OTC trades By JAMIE LEE MORE regulatory changes are afoot, as the Singapore Exchange (SGX) moves to capture a greater share of the derivatives pie. The latest proposal could signal the resolve of SGX in
      FILE PHOTO  -  590 words
    • Article, Illustration
      Lock icon MAS confirms ‘road test’ to speed up IPO review
      525 6  -  It also cuts public exposure period for draft prospectuses By LYNETTE KHOO THE Monetary Authority of Singapore (MAS) has confirmed that it has commenced a road-test with the Singapore Exchange (SGX) on a concurrent review process for initial public offerings (IPOs)
      525 words
    • Article
      Lock icon Counting post-eruption losses
      696 6  -  HOCK LOCK SIEW By VEN SREENIVASAN AS FLIGHTS are gradually restored to Europe, global carriers will be starting to dust themselves down to see just how badly they have been hit. Singapore Airlines estimates it lost some $40 million in revenue from flight cancellations and disruptions, comprising
      696 words
    • Article
      Lock icon PICTET FUNDS
      267 6 Pictet-Absl Rtn Glo Cons-P EUR 16.04.2010 EUR 98,25 Pictet-Absl Rtn Glo Div-P EUR 16.04.2010 EUR 109,57 Pictet-Asian Equities Ex Japan-P USD 16.04.2010 USD 169,87 Pictet-Asian Local Currency Debt-P USD 16.04.2010 USD 133,48 Pictet-Biotech-P USD 16.04.2010 USD 310,03 Pictet-CHF Liquidity-P 16.04.2010 CHF 124,19 Pictet-Clean Energy-P USD 16.04.2010 USD 83,40
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    • Article
      Lock icon CMT optimistic of future growth
      465 8  -  Its Q1 distributable income rises 13.6%; net property income up 5.7% By EMILYN YAP CAPITAMALL Trust (CMT) yesterday posted stronger results for the first quarter ended March 31 and signalled optimism ahead. There will be more asset enhancement initiatives at Junction 8 and Tampines Mall.
      465 words
    • Article
      Lock icon Pacific Shipping Trust Q1 DPU falls 19%
      312 8  -  Revenue from trust’s vessels stays flat at US$15.2m By VINCENT WEE PACIFIC Shipping Trust (PST) has registered a 19 per cent drop in first-quarter distribution per unit (DPU) to 0.793 US cent, from 0.980 US cent a year back. The latest DPU is
      312 words
    • Article
      Lock icon Action Asia’s Q1 profit nearly trebles
      310 8  -  By MICHELLE QUAH ACTION Asia Limited, a designer and manufacturer of video and audio mobile electronics products, turned in a better performance for the first quarter, compared to a year ago, thanks to increased orders from a key multinational customer. The company saw its
      310 words
    • Article
      Lock icon SingTel’s pay-TV subscriber base hits 200,000
      204 8  -  By WINSTON CHAI SINGAPORE Telecom has scored another 45,000 pay-television customers in the past four months as the lure of premiership football continues to draw viewers to its camp. SingTel said yesterday that its mio TV subscriber base has grown to 200,000 29 per
      204 words
    • Article, Illustration
      Lock icon H1 profit up for liver transplant clinic
      283 8  -  By CHEW XIANG A LIVER transplant clinic based in Gleneagles Hospital and listed in Australia said net profit for the six months to end-February increased 50 per cent to just over $1 million. The Asian Centre for Liver Diseases and Transplantation (ACLDT), helmed
      283 words
    • Article
      Lock icon Global Palm offering 110m shares at 46 cents apiece
      519 9  -  It’ll use net proceeds of $46.5m for buying, developing landbanks By LYNETTE KHOO GLOBAL Palm Resources has launched an initial public offering (IPO) to raise net proceeds of $46.5 million. The Indonesian palm oil producer, with a strong focus on corporate
      519 words
    • Article
      Lock icon Doubts over Sicom coffee
      565 9 Players see lack of liquidity as hurdle to challenging London Reuters [LONDON/SINGAPORE] The Singapore Commodity Exchange (Sicom) will mount a challenge this week to NYSE Liffe’s dominance of robusta coffee futures, but some market players forecast failure as suffered by previous attempts to set up a
      Reuters  -  565 words
    • COMPANY BRIEFS
      • Article
        Lock icon Cosmosteel sees lower H1 profit
        43 9 COSMOSTEEL Holdings warned that it is expecting to report “substantially lower” revenue and net profit for the half year ending Sept 30, 2010 compared to a year ago. It cited a fall in demand for its steel products.
        43 words
      • Article
        Lock icon Cove in rent deal with Ideal
        126 9 COVE Development, the owner of Grangeford apartments and a unit of Overseas Union Enterprise, has entered a judgment by consent with Ideal Accommodation over tenancies at the property at Leonie Hills. Ideal Accommodation will pay Cove the following: double rent of $1.62 million, damages
        126 words
      • Article
        Lock icon Cambridge Industrial Q1 DPU slips
        43 9 CAMBRIDGE Industrial Trust saw a 1.3 per cent decrease in distribution per unit (DPU) to 1.274 cents for the first quarter ended March 31, 2010. Distributable income came in at $11.08 million while gross revenue was $18.6 million.
        43 words
      • Article
        Lock icon Thai Bev incorporates unit in S’pore
        28 9 THAI Beverage Public Company’s wholly owned subsidiary International Beverage Holdings has incorporated a new wholly owned subsidiary in Singapore, Super Brands Company.
        28 words
    • Article
      Lock icon Tiger to fly to Trichy from Nov
      198 9 TIGER Airways will be launching flights from Singapore to Tiruchirappalli popularly known as Trichy from November, which marks the budget carrier’s third Indian destination after Bangalore and Chennai. At the same time, Tiger is looking to expand its presence in India by bumping
      198 words
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      1204 6 WATS NOTICES BUY IT-SELL IT-FIND IT > 0NC SKY ONE HOLDINGS LIMITED (Company Registration No: *****2949M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the "EGM") of the Company will be held at 105 Cecil Street, The Octagon
      1,204 words
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      27 6 CORPORATE OFFICES PRIVATE RESIDENCES COMMERCIAL ESTABLISHMENTS SHOW FLATS CONSERVATION PROJECTS ARCHITECTURE AND INTERIOR 102 AMOY STREET SINGAPORE *****2 t: 6222 3007 f 6224 3007 w www.sohodp.com SoHo
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      275 7 Congratulations to Ascendas for obtaining Singapore's first BCA* Green Mark Platinum Award for the Galen Building Existing Building (Industrial) ascendas m •mm I I I I I j 1 §>>7 r fi i i 1 r if I i i I I |yj i i I i I LI l
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      425 8 The City I 950,000 international University alumni including □f 12 Nobel Laureates New York Winners VENTIS SCHOOL OF MANAGEMENT 5 DAY CFO PROGRAM 28™ JUNE 2 ND ]ULY 2010, SINGAPORE o A* k SIGNIFICANT IMPORTANCE TO "C" LEVEL EXECUTIVES In today's rapidly changing business environment,the role of a CFO has
      425 words
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      485 8 MATS NOTICES PACIFIC SHIPPING TRUST (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Pacific Shipping Trust
      485 words
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      22 8 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS
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      75 9 &L4 i^.v« X> N >: -v MHM IfcvV 1 A: Swiss quality also stands for knowledge. Ensuring your success with global mailings. Swiss Post offers you cross-border mailing options to make your business even more successful. You can count on us for daily mail, direct mailings, newspapers, magazines and small
      75 words
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      230 9 FSM //CELEBRATING X (/a/A ANNIVERSARY J Fundsupermart.com Turns 10! 0.75% sales charge for all funds* extended till 14 May 2010! Visit www.fundsupermart.com.sg to start investing globally and profitably now! *The sales charge of funds which are sold at less than 0.75% remains unchanged during the promotional period. Examples include money
      230 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rebound nipped in the bud
      610 10  -  Market fluctuated between greed and fear, very much in line with movements in Hong Kong STOCKS R SIVANITHY Senior Correspondent WAS yesterday’s market gyrations a case of once the short-covering was completed, the shortselling resumed, possibly ahead of anticipated weakness on Wall Street? Or
      Source: Bloomberg  -  610 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 Apr 21 VALUE CLOSE BT OB/OS -17.00-138.00 BT CADI -*****.00 -28.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 729.45 -3.02 FTSE ST Small Cap 594.98 +0.03 FTSE ST All Share 736.93 -3.13 FTSE ST China Top 303.38 -1.37 FTSE ST China 314.61 +0.39 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 6 0 0 0 4 8 6 Manufacturing 57 64 79 4 8 15 61 72 94 Commerce 19 23 28 1 4 4 20 27 32 Tpt/Stor/Comms 10 17 16
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      947 10  -  Compiled by CONRAD TAN Noble Group Apr 21 close: S$3.10 OCBC INVESTMENT RESEARCH, Apr 21 WE visited Noble Group’s coal operations in Australia and soybean operations in Argentina last week, and remain positive on the group’s growth strategy. Noble is exposed to Australia’s coal industry via its 87.7
      Source: Bloomberg  -  947 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,556 25,556 68,753 68,753 Manufacturing 560,659 16,807 577,466 370,294 2,377 372,671 Commerce 146,558 26,727 173,285 170,551 7,436 177,987 Tpt/Stor/Comms 139,067 939 140,006 231,972 174 232,146 Finance 26,205 26,205 212,173 212,173 Construction 104,096 12,383 116,479 20,906
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 10 Stock name Close Change Stock name Close Change CapMallsAsia 2.190 -0.010 CapitaLand 3.950 -0.010 CapitaMall 1.850 -0.010 CityDev 10.860 -0.200 ComfortDelGro 1.590 DBS Grp 15.360 +0.060 F&N 4.850 -0.040 Genting SP 0.870 -0.020 Golden Agri 0.600 +0.005 HK Land 5.110 +0.050 JMH 35.980 -0.520 JSH 20.620
      112 words
    • Article, Illustration
      Lock icon Euro falls on Greek debt worries as talks start
      474 10 CURRENCIES Reuters [LONDON] The euro fell broadly yesterday, relinquishing earlier gains, as a rise in the premium demanded to buy Greek bonds highlighted uncertainty about how Athens would resolve its debt problems. The euro hit a two-week low against the dollar,
      Reuters; BLOOMBERG  -  474 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 10 VOLUME Genting SP 104,412,000 ChinaNTown 88,748,000 Yangzijiang 70,655,000 Golden Agri 50,933,000 JES 49,880,000 GMG Global 49,689,000 Mermaid 45,425,000 Otto Marine 42,295,000 StraitsAsia 38,772,000 Cosco Corp 37,905,000 VALUE($) Yangzijiang 107,443,060 CapitaLand 99,200,204 Genting SP 91,562,520 DBS Grp 90,792,840 StraitsAsia 83,086,730 Cosco Corp 69,237,800 UOB 42,703,432 Noble Grp 42,243,100
      57 words
    • Article
      Lock icon RISES
      117 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 152.1 0.9 DBXT DJE50 10US$ 4237 91.8 1.6 DBXT MSINDO 10us$ 1220 75.4 4.7 GLD 10US$ ***** 46.6 0.3 DBXT FTVietnam 10US$ 4488 34.3 0.6 DBXT MSTaiwan 10US$ 1630 23.3 1.1 OCBC Bk 4.5%NCPS 100 ***** 22.0 0.2 Lyxor Korea 10US$
      117 words
    • Article
      Lock icon FALLS
      117 10 BY CENTS CLOSE DOWN JSH 2062-101.4 -3.5 JMH 3598 -71.3 -1.4 DBXT S&P Short 10US$ 4920 -65.8 -1.0 Jardine C&C 2910 -40.0 -1.4 CityDev 1086 -20.0 -1.8 Great Eastern 1614 -20.0 -1.2 OCBC Bk 5.1%NCPS 100 ***** -18.0 -0.2 Lyxor Europe 10 US$ 1279 -17.8 -1.0 STXPO 100 1614
      117 words
    • Article
      Lock icon CURRENCIES
      87 10 Where S$ stands Apr 21 CHNG YR 2010 CLOSE FR Apr 20 S$ LOW S$ HIGH US$ 1.3732 0.16 1.4219 1.3732 Euro 1.8383 0.95 2.0153 1.8383@ Pounds 2.1128 0.09 2.2831 2.0845 A$ 1.2779 0.05 1.2960 1.2276 Yen* 1.4743 0.54 1.5927 1.4731 Rupiah* 0.***** 0.19 0.***** 0.***** Baht* 4.2672 0.13
      87 words
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      273 11 Another Milestone Achievement DELIVERED AHEAD OF ORIGINAL CONTRACT SCHEDULE BOUND FOR BRAZIL 'INNOVATION EXCELLENCE AWARD 2007 WINNER MAFE SINGAfOlE INNOVATION CLASS Partner Key Features of the West Orion: v www BOP crane equipped with Offline Casing Capabilities Allows casing building activities off the main load path for greater efficiency during
      273 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon MCI to expand Blu-ray disc manufacture
      772 12  -  Investment poised to turn Singapore into global hub for Blu-ray media By AMIT ROY CHOUDHURY SINGAPORE’S ambition of becoming a global hub for the development and manufacture of next generation Blu-ray media got a boost with a major global player deciding to invest here
      772 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Commercial site put up for sale
        88 12 THE Urban Redevelopment Authority (URA) launched a commercial site at the junction of Stamford and North Bridge roads for sale by public tender yesterday. The parcel which contains Capitol Theatre, Capitol Building and Stamford House was made available for sale through the reserve list
        88 words
      • Article
        Lock icon Nominations open for environment award
        73 12 THE President’s Award for the Environment 2010 is open for nomination from today. Members of the public can nominate individuals, organisations and companies that have contributed significantly to Singapore’s efforts to achieve environmental and water sustainability. Nomination forms are available at www. mewr. gov.sg/presidentsaward. The
        73 words
      • Article
        Lock icon Marina Bay bridge to open this weekend
        82 12 THE double helix pedestrian bridge at Marina Bay will open to the public at 9.30pm this Saturday. The Youth Olympic Park, at the entrance to the bridge, will open at the same time. An adjacent bridge will open to vehicles at 3pm this
        82 words
      • Article
        Lock icon Banyan Tree spa to open at Sands
        81 12 MARINA Bay Sands said yesterday it will host the first local Banyan Tree Spa. Banyan Tree, a homegrown company that began with a resort in Phuket, will design and operate the 20,000 square feet spa and health club on the 55th floor of
        81 words
    • Article, Illustration
      Lock icon Resorts World has new role for Singapore Idol star
      212 12 RESORTS World Sentosa has announced that its resident show Voyage de la Vie will star Singapore singer and songwriter Jonathan Leong. Leong, who is best known as the runner-up in the first Singapore Idol in 2006, plays the lead protagonist in
      FILE PHOTO  -  212 words
    • Article
      Lock icon Sinopec still a potential refinery investor here
      627 12  -  NEWS ANALYSIS By RONNIE LIM ASIA’S biggest refiner, Sinopec, or China Petroleum Chemical Corporation, undoubtedly remains in Singapore’s sights as a potential refinery investor, given that the Economic Development Board has been trying for the last few years to boost oil refining capacity
      627 words
    • Article
      Lock icon More firms endorsing AVA’s food safety drive
      264 12 SOME companies are having their cake and talking about it, too. It is part of an initiative by the Agri-food and Veterinary Authority (AVA), which wants to ensure food safety by making the public more knowledgeable. Lim Lee San, head of food legislation
      264 words
    • Article
      Lock icon Sembcorp’s $1m gift to save threatened tree species
      264 12 SEMBCORP Industries has donated $1 million to set up a living gallery of threatened giant trees and fund green education programmes. It will commit the money over five years through the Garden City Fund, a registered charity of the National Parks Board.
      264 words
    • Article
      Lock icon Worklife integration key to productivity
      207 12 FOR many people, juggling work and the rest of life is a big challenge one the NTUC Women’s Development Secretariat (WDS) believes it has the answer to. Advocating worklife integration under its 3Rs recruit, re-adjust and retain strategy WDS aims to get at least 150
      207 words
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      105 12 MAT-3 3 NOTICES ICONIC GLOBAL LIMITED (Incorporated in the Republic of Singapore) Company Registration Number *****7537D LOST SHARE CERTIFICATE The following share certificate has been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Seah Beng Shea OR *****3 100,000 Lee Ann Tee Notice is hereby given that
      105 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Cairns Group urges return to Doha round
      415 13 AFP [PUNTA DEL ESTE, Uruguay] Ministers from the Cairns Group of agricultural exporters called on Tuesday for protectionism to be resisted and urged a revival of global trade liberalisation talks. “Concluding the Doha Development Agenda must remain the top priority of WTO (World
      AFP; REUTERS  -  415 words
    • Article, Illustration
      Lock icon Australian economic pace seen speeding up rapidly
      360 13 Reuters [SYDNEY] Australia’s economic growth is set to accelerate rapidly this year, according to a leading index of activity, driven in part by surging commodity prices and a revival in the global economy. The annualised growth rate of the Westpac Bank-Melbourne Institute leading
      Reuters; REUTERS  -  360 words
    • Article
      Lock icon US women still earning much less than men
      582 13 This despite the fact that more women there are better educated than men AFP [WASHINGTON] More US women than men have advanced degrees but women still earn substantially less than their male counterparts for the same work, data released on Tuesday show.
      AFP  -  582 words
    • Article
      Lock icon US junk bond issues set to reach US$200b this year
      643 13 About US$850b in junk-rated bonds and loans come due from 2012 to 2014 Reuters [NEW YORK] White-hot demand for junk bonds has put new issuance on pace to hit US$200 billion this year for the first time, a fresh sign
      Reuters  -  643 words
    • Article
      Lock icon Emerging markets gain from Europe debt woes
      460 13 Crisis has altered perceptions about risk and return: IMF AFP [WASHINGTON] Europe’s debt crisis is sending investors flocking to the emerging markets of Brazil, China and India, the IMF said on Tuesday, as analysts asked if the crisis is changing the world economic
      AFP  -  460 words
  • Page 13 Advertisements
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      456 13 ISP TRUST FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. (the "Trustee-Manager") NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Tenaga faces rising coal prices
      529 14  -  Despite 13% rise in Q2 profit, tariff hike needed: analysts By PAULINE NG DESPITE its better-than-ex-pected first-half performance, Tenaga Nasional’s sustained financial health will hinge on a tariff hike to offset rising coal prices, analysts caution. The power utility on Tuesday posted core net profit
      BLOOMBERG  -  529 words
    • Article
      Lock icon Lawyers criticise KL’s insurance reform plan
      444 14  -  The reforms appear to benefit insurance firms rather than the public, they say By S JAYASANKARAN MALAYSIA’s Bar Council yesterday criticised a proposal by the central bank to reform third-party insurance cover in the country, calling the plan “detrimental” to public interest. The insurance
      444 words
    • Article
      Lock icon KL seals RM10.4b defence contracts
      237 14 AP [KUALA LUMPUR] Malaysia has signed defence contracts worth RM10.4 billion (S$4.5 billion), including a major deal for European helicopters that the opposition had accused of being improper and too expensive, an official said yesterday. The RM1.6 billion deal to buy 12 EC752 helicopters from
      AP  -  237 words
    • Article
      Lock icon Local permit needed for food crops: Indonesia
      187 14 Reuters [JAKARTA] Indonesia will require investors in food crop production to get local government permission before developing farms or estates in order to prevent land disputes, an agriculture ministry spokesman said yesterday. The country is keen to open up the sector to foreign
      Reuters  -  187 words
  • Page 14 Advertisements
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      1907 14 BEATS NOTICES •SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg UBAM SICAV 18, boulevard Royal, L 2449 Luxembourg R.C. Luxembourg N° B 35.412 DIVIDEND'S NOTICE TO SHAREHOLDERS The Annual General Meeting of the Shareholders of the SICAV held on April 21st, 2010 decided the payment of a dividend for
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      Lock icon Page 14 Advertisements Column 2
      411 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GARB SG. PTE. LTD. (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****2901 R Extract of the minutes at the Extraordinary General Meeting of members of GARB SG. PTE. LTD. convened and held at 20 Cecil Street
      411 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Wynn Resorts may move its global HQ to Macau
      800 15 Chairman says work on mega resort on Cotai strip will start next year; sees no impact from S’pore Reuters [MACAU] US gambling tycoon Steve Wynn said he may move his company’s headquarters to Macau as it embarks on a major expansion
      Reuters; AFP FILE PHOTO  -  800 words
    • Article
      Lock icon Car makers out to win over the biggest market
      547 15 Fastest Ferrari leads line-up of 89 models making debut at Beijing Auto Show AFP [BEIJING] The fastest-ever Ferrari and a Chi-nese-made electric car will be unveiled at a glitzy show in Beijing on Sunday as automakers line up to woo customers
      AFP  -  547 words
  • Page 15 Advertisements
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      783 15 Global Palm resources GLOBAL PALM RESOURCES HOLDINGS LIMITED (Company Registration Number: *****1345M) (Incorporated in the Republic of Singapore on 13 November 2009) V w a I \L Joint Issue Managers, Underwriters and Placement Agents co AmFraser Benefitinqj^eople andlthe Planet We are a producer of crude palm oil ("CPO") and palm
      783 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Fights between farmers, cola firms seen rising
      829 16 Environmentalists say it’s due to govt failure to regulate use of water AFP [NEW DELHI] A pollution fine for Coca-Cola and an order for PepsiCo to cut water use at factories in India have highlighted an intensifying conflict between big business and farmers
      AFP; AFP FILE PHOTO  -  829 words
    • Article
      Lock icon Delhi rally seeks govt’s ouster over rising food prices
      350 16 Reuters [NEW DELHI] Tens of thousands of Indians backed by opposition parties denounced steep price rises in one of the biggest marches in years in the capital, demanding the ruling Con-gress-led government quit over food inflation. The demonstration underscored how inflation
      Reuters  -  350 words
    • Article
      Lock icon India, Brazil side with US on yuan ahead of G20 meeting
      422 16 Bloomberg [MUMBAI] Central bank governors in India and Brazil backed a stronger Chinese yuan, siding with US President Barack Obama before a meeting of the Group of 20 nations this week. Exports from China to India have grown faster
      Bloomberg  -  422 words
    • Article
      Lock icon India will still use CRR as monetary tool
      323 16 Reuters [MUMBAI] India’s central bank will continue to use cash reserve ratio (CRR) as a monetary tool as policy transmission is less effective if only rates are used, a deputy governor said yesterday. Subir Gokarn, who was speaking to reporters a day
      Reuters  -  323 words
    • Article, Illustration
      Lock icon Rapid yuan appreciation could hurt HK exports
      284 16 It may also cause inflation to rise: financial secretary Bloomberg [HONG KONG] Hong Kong Financial Secretary John Tsang said any swift appreciation in China’s yuan would risk hurting the city’s exports and could push up inflation. “If the renminbi rises too rapidly, it
      Bloomberg; REUTERS  -  284 words
    • Article
      Lock icon 3G auction could reap US$10b for Indian govt
      319 16 AFP [NEW DELHI] India said yesterday it is likely to earn up to US$10 billion from the auction of superfast third-generation (3G) spectrum for mobile phones and broadband services. The government had budgeted to bring in around US$8 billion from the sell-off
      AFP  -  319 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Greek bond yield soars to record high
      678 17 It rises to 8.4%, up by 250 basis points since the start of the year, and 21/2 times the yield Germany pays AFP Reuters [PARIS] The premium that Greece has to pay to borrow money rose above 8 per cent yesterday, the highest
      AFP; Reuters  -  678 words
    • Article
      Lock icon Thai central bank holds key rate at 1.25%
      381 17 Reuters [BANGKOK] The Bank of Thailand (BOT) left its main interest rate steady at a record low of 1.25 per cent yesterday as political unrest clouds the economic outlook, raising doubts about the chances of a June rate rise. Thailand, South-east Asia’s
      Reuters  -  381 words
    • Article, Illustration
      Lock icon Bangkok ready for talks when Red Shirts abide by law
      675 17 AP [BANGKOK] Thai Prime Minister Abhisit Vejjajiva is ready to negotiate with protesters seeking a change of government, but only when the demonstrators who have illegally occupied city streets agree to abide by the law, his spokesman said yesterday. “The
      AP; AFP  -  675 words
    • Article, Illustration
      Lock icon Ex-International Olympic Committee president dies at 89
      306 17 AP [LONDON] Juan Antonio Samaranch, a former International Olympic Committee president, died yesterday. He was 89. The Quiron Hospital in Barcelona said that Mr Samaranch died after being admitted with heart problems. He had headed the IOC from 1980 to 2001, retiring as
      AP  -  306 words
    • Article
      Lock icon Morgan Stanley’s Q1 profit beats estimates
      562 17 Firm reports net income of US$1.4b; shares go up 4% Reuters [NEW YORK] Robust fixed income trading results launched Morgan Stanley to a better-than-expected first-quarter profit yesterday, sending its shares up. With its quarterly profit, Morgan Stanley joined in a rally that began last
      Reuters  -  562 words
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  • WORLD
    • Article, Illustration
      Lock icon Yahoo search business still struggling
      743 18 Q1 revenue lower than expected despite better display ad sales Reuters [SAN FRANCISCO] Yahoo Inc said that large advertisers showed a renewed appetite for online display ads in the first quarter, but the Internet company’s troubled search business put a damper on the company’s comeback
      Reuters; PHOTO: REUTERS  -  743 words
    • Article, Illustration
      Lock icon Mexican golf star Lorena Ochoa retires
      703 18 She has been world’s top player for last three years AP [MEXICO CITY] Lorena Ochoa is retiring, just as Annika Sorenstam did two years ago, leaving the struggling LPGA Tour without its No 1 player again and depriving the sport of one of its
      AP  -  703 words
    • Article
      Lock icon Goldman probe comes at pivotal time for UK’s FSA
      581 18 Regulator trying to reverse its image as a toothless tiger NYT [LONDON] Hector Sants, the chief of Britain’s financial regulator, pledged last year to reverse his agency’s reputation as a toothless tiger. He wanted to spread fear across the financial services
      NYT  -  581 words
    • Article
      Lock icon UK rich rush deals as capital gains tax hike looms
      392 18 Reuters [LONDON] Private banks are positioning for a surge in new clients and a realignment of portfolios by existing customers as Britain’s wealthy prepare themselves for an expected hike in UK capital gains tax (CGT). Britain’s rate of CGT applied
      Reuters  -  392 words
    • Article
      Lock icon Banks’ big size not an issue in financial bill
      784 19 There’s no move to break up big lenders to create a safer, less risky financial system NYT [WASHINGTON] One question has vexed the Obama administration and Congress since the start of the financial crisis: how to prevent big bank bailouts? In
      NYT  -  784 words
    • Article, Illustration
      Lock icon Under-fire SEC pledges more vigorous oversight of country’s largest banks
      973 19 19 banks asked if they used Lehman accounting tricks AP [WASHINGTON] The chairman of the Securities and Exchange Commission on Tuesday pledged better oversight of the nation’s largest banks after criticism that the agency failed to spot accounting tricks at
      AP  -  973 words
    • Article
      Lock icon Schwab in US$200m deal to settle suit over bond fund
      504 19 NYT [NEW YORK] Charles Schwab, the brokerage firm, said on Tuesday that it had agreed to pay US$200 million to settle a federal class-action lawsuit claiming it had misled investors about the risks of a short-term bond fund. The payment,
      NYT  -  504 words
    • Article, Illustration
      Lock icon Consortium of nine wins bid for US$11b Amazon dam project
      425 19 AP [BRASILIA, Brazil] A consortium of nine companies has won the rights to build one of the world’s largest hydroelectric dams, Brazilian authorities said on Tuesday. Brazil’s electricity regulator, Aneel, said the Norte Energia consortium won the bidding process for
      AP  -  425 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Q1 corporate profit paints bullish picture
      494 20 EDITORIAL THE first-quarter corporate reporting season has got off to a good start. In the United States, 48 companies in the S&P 500 Index have reported earnings for the period. Of these, 83 per cent exceeded analysts’ expectations, while only about 8 per cent
      494 words
    • Article, Illustration
      Lock icon Why demonise the credit default swaps?
      1143 20  -  They can improve not only financial stability but also the way firms and countries are run By LUIGI ZINGALES The writer is professor of entrepreneur ship and finance at University of Chicago Graduate School of Business and co-author, with Raghuram G Rajan, of ‘Saving
      AP  -  1,143 words
    • Article, Illustration
      Lock icon Visionaries to fuse East-West business cultures
      763 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent “FOR East is East and West is West, and never the twain shall meet,” declared Rudyard Kipling, and a Japanese company, Nippon Sheet Glass (NSG), which set out to disprove the truth of his words, is having
      763 words
    • Article, Illustration
      Lock icon Reaching out when you can’t touch
      1425 21  -  Using the current air transport crisis to stretch our applications of technology is an opportunity we should not miss By MAURY PEIPERL Maury Peiperl, PhD, is professor of Leadership and Strategic Change at IMD in Lausanne, Switzerland THE unusually long weekend of April 15-19,
      REUTERS  -  1,425 words
    • Article, Illustration
      Lock icon How to make this Earth Day different
      997 21  -  Recognising the power of ownership and changing consumer behaviour can help save the environment By LEONG CHING The writer is a PhD candidate at the Lee Kuan Yew School of Public Policy, National University of Singapore. She researches on water policies and regulatory
      997 words
    • Article
      Lock icon Shareholders of Food Junction take BT advice to heart
      162 21 LETTER TO THE EDITOR I REFER to the report “Examine ‘blank cheques’ at AGMs, shareholders urged” (BT, April 14) which referred to the resolution tabled at most company AGMs giving directors the mandate to issue shares at a discount at any
      162 words
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  • AVIATION
    • Article, Illustration
      Lock icon Many flights to Europe resume from Asia-Pacific
      544 22 Passengers stranded in Australia start flying out for Europe, via Asia ICELAND VOLCANIC FALLOUT AFP [SYDNEY] Thousands of Eu-rope-bound passengers were flying out of Asia-Pa-cific airports yesterday as most airports across Europe were opened following a shutdown caused by a cloud of volcanic
      AFP; REUTERS  -  544 words
    • Article
      Lock icon UN to work on standards for ashes in jet engines
      388 22 Reps from industry, scientists, govts, Iata are roped in AP [UNITED NATIONS] The International Civil Aviation Organization (ICAO) will start work on setting global standards for the concentration of ashes that could affect airplane engines. Raymond Benjamin, sec-retary-general of the
      AP  -  388 words
    • Article
      Lock icon Flight recovery will take weeks: Cathay
      283 22 Bloomberg [HONG KONG] Cathay Pacific Airways said it will take weeks for European air services to return to normal following disruptions caused by a cloud of volcanic ash. “It will be very, very difficult for the airline industry to recover,” Russell Davie, the airline’s
      Bloomberg  -  283 words
    • Article
      Lock icon Airlines ask for state aid after industry chaos
      650 22 But unaffected countries may want to break ranks [MADRID] With air traffic gradually resuming across Europe, three associations of European airlines called on the European Commission and governments to make a firm commitment to provide financial support “to ensure that the extra
      650 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2830 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410 0605 KL838 2250 AZ3992
      2,830 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      363 22 CRYPTIC CROSSWORD Across 1 A verger no longer working as a servant of the Queen (8,7) 9 Spot decapitated snake by country house (7) 10 Gunfighter gets to carry something to muffle sound (7) 11 Prohibition is international, an order with little right in it (9) 12 Thus madame is
      363 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      1725 23 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
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      Lock icon Page 23 Advertisements Column 2
      1365 23 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
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  • THE BUSINESS TIMES SHIPPING TIMES
    • Article
      Lock icon Boost for sea storage of jet fuel as ash disrupts flights
      464 24 Freight, relative to land storage, is cheap for storing burgeoning supplies Reuters [LONDON] Oil tankers could be used to hold stocks of jet fuel at sea as the volcanic ash cloud has cut airline demand and grounded around 70
      Reuters  -  464 words
    • Article
      Lock icon Uphill battle to recover hijacked tugboat
      443 24  -  Philippines holding vessel as evidence in case against pirates By ALEC ALMAZAN THE Singapore based-oper-ators of the hijacked tugboat, Asta, face an uphill battle to recover the vessel from the Philippines. Close to two months after the Singapore-regis-tered Asta was recovered by Philippines authorities
      443 words
    • Article, Illustration
      Lock icon Fewer pirate attacks in Q1, says maritime watchdog
      286 24 AFP [KUALA LUMPUR] The number of pirate attacks around the world fell in the first three months of 2010, although the risk off the Somali coast remained high, said a maritime watchdog. There were 67 reported incidents of piracy and armed robbery
      AFP; AP  -  286 words
    • Article
      Lock icon Opinions divided on legality of paying ransoms
      341 24 AP [NAIROBI] Shipping companies with US interests do not know if they are allowed to pay ransoms to Somali pirates anymore after President Barack Obama declared them an “extraordinary threat” and outlaws anyone from supplying financing to any Somalis involved in military activities.
      AP  -  341 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      549 24 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 DAM IST
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      Lock icon Page 24 Advertisements Column 2
      352 24 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 26/04 29/04 01/05 SEPANG EXPRESS 2 50 01/05 02/05 04/05 LUNA AZUL 104 35 80 06/05 08/05 11/05 13/05 16/05 BRISA AZUL 109
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      Lock icon Page 24 Advertisements Column 3
      431 24 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
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9054 25 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 92 17 17 17 17.5 1.7 10.6 5.5 81.4 10 4.5 5834 A-Sonic 7.5 +0.5 100
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      Lock icon SGX CATALIST
      1924 26 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 6 -1 20 6 6 5.5 6.5 33.3 5.8 25 12 8538 t APStrategic 22.5 unch
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9537 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.25/ APS Alpha Fund (USD)!** 0.91/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.72/ Aberdeen Asset Mgt Asia Limited American Opp 0.6754/ Asian Credit Fund 1.2437/ Asian
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      Lock icon SGX ETF
      621 26 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 $mil 112 107 6389 ABF SG Bond ETF 109.5 109 110 499.8 876 527 CIMBAsean40 100US$ US873 -3 1 873 873 868 874 34.9 306
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    • Article
      Lock icon CLOB INTERNATIONAL
      74 26 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 $mil 56 26 6000 AVJennings A49 46 54 3.6 7.1 3.9 127.6 31 9.5 6017 Genting HK US$ US20 -0.5 4081 21 20 20 20.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 20 Index Change Change Change Change Change Change World Index Preliminary 884.6 0.7 6.3 0.5 2.9 0.8 5.0 EAFE Preliminary 821.9 0.8 4.7 0.5 -0.6 0.8 1.5 Europe Preliminary 1178.8 1.2
      365 words
    • Article
      Lock icon INTERBANK RATES
      181 27 Apr 21 Apr $S Offer Bid Overnight 1/16 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 1/16 US$ Offer Bid 7 days 0.28 0.25 1 month 0.36 0.26 2 months 0.38 0.28 3 months 0.40 0.30 6 months 0.53 0.43 9 months 0.90 0.70
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Apr 21 S$ Bid Offer 1-month 1.3705 1.3720 2-months 1.3706 1.3720 3-months 1.3705 1.3720 6-months 1.3704 1.3720 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Apr 21 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2670 1.3050 Can dollar 1.3690 1.3850 Euro 1.8330 1.8540 NZ dollar 0.9680 0.9890 Sterling pound 2.0970 2.1210 US dollar 1.3670 1.3820 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      28 27 Apr 21 Apr Open High Sett STI Apr 2951 SIMSCI Apr 353.6 356.0 352.3 Taiwan Apr 281.3 285.6 284.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      67 27 Apr 21 Apr KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2503 2496 2520 2496 551 5910 Jun 10 2501 2483 2508 2483 2306 ***** Jul 10 2493 2471 2500 2471 8058 ***** Aug 10 2485
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      371 27 Apr 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6300 0 3060 Sep10 99.5050 0 936 Dec10 99.2600 0 1635 Mar11 98.9350 0 3184 EUROYEN TIBOR FUTURES Jun10 99.6200 99.6200 99.6200 99.6200 8 4420 Sep10 99.6350 99.6350 99.6350 99.6400 100 3315 Dec10 99.6400 99.6400 99.6400
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    • Article
      Lock icon SICOM FUTURES
      178 27 Apr 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 410.0 410.0 410.0 7 Jun 10 392.9 392.9 392.9 30 Jul 10 370.0 368.0 367.0 70 Aug 10 354.0 Sep 10 344.5 Oct 10 343.5 343.0 340.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      93 27 Apr 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 22.07.2010 0.33 0.32 0.29 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 104.06 5-Year N*****0N 1.375 01.10.2014 100.82 100.90 100.80
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    • Article
      Lock icon CHICAGO BOT
      107 27 Apr 20 Apr SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 984.00 976.75 987.75 977.50 Jul 10 994.00 986.50 1000.75 987.25 Aug 10 989.25 981.75 992.75 984.75 Sep 10 972.25 964.25 974.50 967.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.07 38.93
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Apr 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 85.37 1.38 WTI (Near Mth) 83.00 1.37 Dubai (1-Mth F) 83.35 1.12 Tapis blend 88.00 1.40 Minas 87.70 1.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.66 1.94 Jet Kerosene 93.40 0.90 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2496 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 15 -16 5.63 49 4085 ASJ Hldgs W*****1 3.5 1 4 15 1.86 22 2036 Advance SCT Ltd W*****9 0.5 1 87 2400 7.00
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 27 Apr 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.927 6.366 0.694 7.240 41.442 84.013 0.869 10.331 2.977 1.309 78.366 41.379 1.279 6.869 0.995 29.228 29.969 0.606 0.933 Canada 1.078 6.866
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    • Article
      Lock icon SIBOR
      85 27 Apr 21 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Apr 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2779 1.2797 0.9324 0.9328 Canadian dollar 1.3781 1.3802 1.0055 1.0060 Euro 1.8413 1.8433 1.3435 1.3436 NZ dollar 0.9761 0.9775 0.7122 0.7125 Sterling pound 2.1080 2.1104 1.5381 1.5383
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    • Article
      Lock icon PRECIOUS METALS
      141 27 Apr 21 GOLD (US$/oz) Apr 20 Apr 21 Hong Kong 1142.20 1143.30 Apr 19 Apr 20 London 1131.95 1141.55 1132.95 1142.35 Source: Thomson Reuters CAST BAR Apr 21 (S$) Selling Buying Kilobar 54,169.82 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 51 5gm 344.54 253 10gm 615.25
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    • Article
      Lock icon LONDON METALS
      71 27 Apr 20 Apr 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2352.25 2336.50 3 months 2385.00 2369.00 Copper, Grade A (US$/tonne) Cash 7756.00 7663.00 3 months 7790.00 7695.00 Lead (US$/tonne) Cash 2328.25 2209.00 3 months 2355.00 2236.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon LIFFE
      77 27 Apr 20 COCOA (£/tonne) Close Prev High/Low May 10 2212 2171 2217/2163 Jul 10 2233 2191 2238/2182 Sep 10 2198 2162 2201/2154 Dec 10 2172 2132 2175/2127 COFFEE (US$/tonne) Close Pev High/Low May 10 1298 1314 1316/1286 Jul 10 1336 1353 1354/1325 Sep 10 1370 1385 1385/1360 SUGAR (US
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  • BizIT
    • Article, Illustration
      Lock icon Singapore PC monitor sales up 10%: IDC
      711 28  -  Bundling packages with notebooks boost demand for monitors, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE sales of PC monitors were up 10 per cent in the second half of last year in Singapore, driven mainly by a 24 per cent hike in
      Source:  -  711 words
    • Article
      Lock icon Google neglecting online privacy, say authorities
      429 28 Bloomberg [PARIS] Google Inc received a letter from data protection authorities of 10 countries demanding the company improve privacy for its users, citing concerns about its Google Buzz and Street View services. Google, owner of the world’s most popular search engine, is neglecting privacy
      Bloomberg  -  429 words
    • Article
      Lock icon Ericsson buys Nortel’s Korea JV stake
      263 28 Bloomberg [SEOUL] Ericsson AB, the world’s largest maker of wireless networks, agreed to buy Nortel Networks Corp’s stake in its South Korean venture with LG Electronics for US$242 million in cash. Ericsson plans to buy a controlling 50 per cent-plus-one-share stake in LG-Nortel Co
      Bloomberg  -  263 words
    • Article
      Lock icon Get proactive on cloud security
      602 28  -  <you say> By TAHER ELGAMAL The writer is the chief security officer at Axway MUCH has been said about cloud computing and its accompanying security concerns. Businesses often express a reluctance to have their applications and data hosted elsewhere. Yet, in today’s inter-connected world, it
      602 words
    • Article
      Lock icon Track your kids, pay for your drinks with RFID
      480 28  -  Resorts World Sentosa is tapping the technology for multiple uses from guest service to inventory tracking By JASLENE PANG RESORTS World Sentosa (RWS) is looking to tap Radio Frequency Identification (RFID) technologies to further boost its efficiency and security, said the
      480 words
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      70 28 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
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  • PROPERTY
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      Lock icon US Reits seen bettering 2009’s US$25b share sales
      320 29 They seek to acquire properties as confidence rises on economic recovery Bloomberg [SINGAPORE] Real estate investment trusts (Reits) in the US may exceed the US$25 billion they raised last year in share sales as an economic recovery boosts investor confidence, according to
      Bloomberg  -  320 words
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      Lock icon China set to launch Reits in H2
      278 29 Reuters [HONG KONG] China is expected to launch its version of real estate investment trusts in the second half of this year, giving Chinese developers more access to capital and offering investors another way to put their money in property. Shanghai could be
      Reuters; BLOOMBERG  -  278 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 16 WITH CONTRACT DATES BETWEEM MARCH 24 AND MARCH 30,2010
      1746 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 29/03/2010 999 1098 1600 1457 Emerald Gdn Apt 29/03/2010 999 1216
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    • Article
      Lock icon Aussie Reits looking better after debt cuts, says S&P
      338 29 Bloomberg [SYDNEY] Australian property trusts have improved their standing over the past year after cutting debt and repairing their balance sheets, according to a Standard Poor’s report. “This time last year, few Australian corporates were having as tough a time as
      Bloomberg  -  338 words
    • Article
      Lock icon Hong Kong may suffer fallout from China’s anti-bubble moves
      712 30 Stronger yuan will make HK homes more attractive to mainland Chinese Bloomberg [HONG KONG] China’s steps to cool record property price gains and allow the yuan to appreciate may stymie Hong Kong’s efforts to contain surging home values in a city
      Bloomberg  -  712 words
    • Article
      Lock icon HK to release sites to counter home price rise
      292 30 Bloomberg [HONG KONG] Hong Kong’s government is “highly concerned” about gains in home prices and will accelerate a series of auctions to make more property available, Financial Secretary John Tsang told lawmakers yesterday. Mr Tsang said the city may also raise
      Bloomberg  -  292 words
    • Article
      Lock icon China Asset Mgt buys developers
      446 31 Mutual fund expects govt to withdraw stimulus policies gradually Bloomberg [SHANGHAI] China Asset Management Co, the country’s biggest mutual fund company, bought developers in its flagship fund in the first quarter, predicting “gentle” tightening this year, according to the company’s Web site. Wang Yawei cut
      Bloomberg  -  446 words
    • Article, Illustration
      Lock icon New govt curbs won’t dampen demand: Mobius
      468 31 Bloomberg [SHANGHAI] Demand for housing in China will withstand government bank lending curbs, and further declines in the nation’s property stocks may be an opportunity to buy the shares, Templeton Asset Management’s Mark Mobius said. “We don’t see fundamentals of the property industry
      Bloomberg  -  468 words
    • Article, Illustration
      Lock icon Good returns seen from mature markets
      468 32  -  KepLand property fund unit positive on residential, office, retail and hospitality By EMILYN YAP EMERGING economies may be all the rage, but Keppel Land’s property fund manager Alpha Investment Partners still sees good returns coming from matured Asian markets. Alpha is positive on the
      FILE PHOTO  -  468 words
    • Article
      Lock icon Boon Keng Development makes top bid for Woodlands industrial site
      320 32  -  By UMA SHANKARI BOON Keng Development made the top bid of $65.2 million for an industrial site at Woodlands Avenue 12 in a government tender which closed yesterday. Boon Keng’s bid, which works out to $75 per square foot per
      320 words
    • Article, Illustration
      Lock icon International Property Advisor aims to bridge gap between banking, real estate
      455 32  -  It will help manage real estate portfolios of wealthy investors By UMA SHANKARI FORMER Savills analyst Ku Swee Yong hopes to shake up the real estate scene here with his new agency International Property Advisor (IPA). IPA aims to
      FILE PHOTO  -  455 words
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