The Business Times, 24 April 2010

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Microfilm: NL30642
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg APRIL 24 25, 2010 S$1.00 MICA(P) 124/08/2009 sph A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Pru shares to start trading here on May 11
    494 1  -  It will float shares in HK also on same day; GIC among those which have agreed to underwrite rights issue By Michelle Quah michquah@sph.com.sg Singapore BRITAIN’S largest life insurer, Prudential, has confirmed its plans to float its shares in Singapore, giving
    AFP  -  494 words
  • Article, Illustration
    Lock icon High-roller MBS joins race to the finish
    732 1  -  Genting hit by concerns over loss of market share By Arthur Sim simska@sph.com.sg Singapore THE drama that has surrounded the opening of Marina Bay Sands (MBS) looks set to end with the start of its phased opening next week. The focus, instead, will
    REUTERS  -  732 words
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      166 1 the business www.businesstimes.com.sg the raffles conversation PAUL MYNERS, UK FINANCIAL SERVICES SECRETARY 8-9 SHOW ME THE MONEY Property still has legs 33 GOURMET SUMMIT Susur Lee in his element L5-6 property outlook Private home prices up in Q1 LANDED properties put up strong showing in the quarter while rents also
      166 words
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      137 2 STI 2,988.49 (+7.80) STI FUTURES 2,977.00 (+12.00) SIMSCI 356.32 (+0.59) SIMSCI FUTURES 353.70 (+0.30) STOCKS Friday Change KL COMP 1,336.78 -0.23 NIKKEI 225 10,914.46 -34.63 HANG SENG 21,244.49 -210.45 SET 754.58 -6.60 JAKARTA 2,924.73 -1.80 MANILA 3,244.45 +6.88 KOSPI 1,737.03 -2.49 SHENZHEN B 618.56 -7.17 MUMBAI IND 17,694.20 +120.21
      137 words
    • Article, Illustration
      Lock icon Private home prices up more than expected
      797 2  -  Much of Q1 price growth originates from landed property By Emilyn Yap emilyny@sph.com.sg Singapore PRIVATE home prices rose more than expected in the first quarter of 2010, with landed properties putting up a strong showing. Rents also climbed surprisingly, leading to greater optimism
      797 words
    • Article
      Lock icon HDB resale market appears to be stabilising: analysts
      488 3  -  HDB’s demand-side and supply-side measures begin to have cooling effect By Uma Shankari shankari@sph.com.sg Singapore THE HDB resale market appears to be stabilising, judging by the latest data from the Housing Development Board. Figures released yesterday show HDB resale prices gained 2.8
      488 words
    • Article, Illustration
      Lock icon Office rents edge up 0.4% in Q1
      518 3  -  By Emilyn Yap emilyny@sph.com.sg Singapore THE recent buzz in the commercial leasing market has finally translated into higher rents. But market watchers remain guarded, noting the additional space coming on stream in the next few years. According to the Urban Redevelopment Authority (URA)
      Source: Urban Redevelopment Authority  -  518 words
    • Article, Illustration
      Lock icon Singapore already reaping benefits from IRs: economist
      773 4  -  They have helped to reduce unemployment, but full potential of IR effect not seen yet By Arthur Sim simska@sph.com.sg Singapore SINGAPORE’S decision to allow integrated resorts (IRs) with casinos to be built here has changed this country for ever and it is already
      FILE PHOTO  -  773 words
    • Article
      Lock icon They watched porn while Wall St teetered
      600 5 Shocking memo shows some senior SEC staff surfed for porn when they should have been policing financial system AP Washington IT was not the instance of Roman emperor Nero fiddling when Rome was burning but something akin to it. Senior staff members of
      AP  -  600 words
    • Article, Illustration
      Lock icon Susan Boyle’s success helps Cowell amass a fortune
      557 5 AFP Reuters London BRITISH music mogul Simon Cowell has seen his fortune rise by more than £40 million (S$84.2 million), leapfrogging the Beckhams, according to new estimates yesterday. Mr Cowell, whose earnings were boosted by the surprise worldwide success of Scottish singer
      AFP; Reuters  -  557 words
    • Article
      Lock icon Greece hits the bailout button, activating 45b euro aid package
      627 6 Reuters AFP Athens GREECE asked European governments and the IMF yesterday to trigger billions of euros in emergency loans in what could be the largest state bailout ever attempted. Prime Minister George Papandreou asked for the 45 billion euro (S$82
      Reuters; AFP  -  627 words
    • Article, Illustration
      Lock icon Thai protesters soften their tough stance
      642 6 They are now willing to give PM 30 days to dissolve Parliament AP Bloomberg AFP Bangkok THAI protesters seeking to oust the prime minister softened their demands yesterday, saying they are willing to give him 30 days to dissolve Parliament and call new elections,
      AP; Bloomberg; AFP  -  642 words
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      170 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 32 Househunt 34 Real Estate 35 LIVING Dining L2-4 WGS L5-6 Fashion L7-9 Design L12-13 Gadgets
      170 words
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      40 2 2 storey beautiful bungalow for sale Land ***** sqft Build up ***** sqft Private Berth 9< Posh interior design Nev •Top notch finishes Excellent layout huge bedroom TOP soon K H TAN 9456-7348 Newsman Realty Pte Ltd Sole Marketing Agent
      40 words
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      106 3 n RESID DESIG NAWAR 2010 CALL FOR OMINATIONS OW OPEN The President's Design Award is Singapore's most distinguished Award for its Designers and Designs. Nominations are open to all design disciplines, including advertising design and visual communications, architecture and urban design, fashion design, interior design, landscape design, product and industrial
      106 words
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      24 4 DISTRICT 10 FOR SALE nTO^TTmTTOTiT^W^ffiTTiTV 15,000 to 35,000 SQFT BRIZAY/ BELMONT, NASSIM C0R0 /WHITEH0USE, RONATION, ETC... PRECIOUS AS GEMS! VIEW IMMEDIATELY! OrangeTee 9360 0083
      24 words
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      139 5 We deliver convenience to homes offices Ocean "Using the latest U.F Filter technology, you can now enjoy Fountain pure drinking water with convenience!" Sediment Removes large, un-dissolved particles ie: dust, sand, rust and all other harmful solid particles. < Pre-Carbon > Removes residual chlorine organic chemicals, as well as get
      139 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | April 19-23, 2010
    • NEXT WEEK | April 26-30, ’10
      • Article
        Lock icon US DATA
        22 7 April 27 April consumer confidence April 29 Continuing claims Initial claims April 30 Q1 GDP adv Q1 employment cost index
        22 words
      • Article
        Lock icon SINGAPORE DATA
        32 7 April 26 March index of industrial production April 29 March producer and international trade price indices April 30 March unemployment rate March employment Q2 business expectations March central government operations
        32 words
      • Article
        Lock icon EVENTS
        20 7 April 28 WASHINGTON US Federal Reserve’s Federal Open Market Committee (FOMC) announces decision on interest rates, issues policy statement
        20 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      323 7 CRYPTIC CROSSWORD Across 1 Deal involves a constraint (11) 9 Worker right to be bitter sometimes (4) 10 Diligence with which one may seek a job (11) 11 Commercials, we hear, for a tool (4) 14 Listen to a number cheer (7) 16 An Italian poet gives notes to be
      323 words
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      17 7 SATURDAY with Ludwig ‘Let’s see... You were stranded due to the ash cloud from Iceland, is it?’
      17 words
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Guardian of the City
      2204 8/9  -  Being from the City but not of it, Britain’s Financial Services Secretary Lord Paul Myners is a study in contrasts. By Joyce Hooi joyceh@sph.com.sg BRITAIN’S City Minister Paul Myners, who presides over London’s financial district, has been called a good many things in his multifaceted lifetime,
      YEN MENG JIIN  -  2,204 words
  • Page 8/9 Advertisements
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      70 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.
      70 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Keppel’s Q1 results draw mixed reactions from analysts
      489 10  -  OCBC, CIMB remain optimistic about its prospects, DMG downgrades stock on valuations By Joyce Hooi joyceh@sph.com.sg Singapore DESPITE Keppel Corp’s growth in first-quarter net profit, which beat market expectations, investors appeared to be in two minds about the counter. While the stock
      489 words
    • Article
      Lock icon UIC and SingLand Q1 net profits fall
      399 10  -  By Joyce Hooi joyceh@sph.com.sg Singapore BOTH United Industrial Corporation (UIC) and its subsidiary, Singapore Land (SingLand), saw a double-digit decline in first-quar-ter net profit from a year earlier when one-time write-backs of deferred income tax boosted earnings. UIC posted a 19 per cent
      399 words
    • Article
      Lock icon HLF Q1 profit rises 50% despite fewer loans
      358 10  -  By Siow Li Sen lisen@sph.com.sg Singapore HONG Leong Finance (HLF) sold fewer loans in the first quarter of 2010 despite the strong economy but it managed to post a year-on-year net profit gain of almost 50 per cent to $38.4 million as
      358 words
    • Article, Illustration
      Lock icon CAO aligns share option scheme with listing rules
      456 11  -  But resolution sparks heated exchange and is passed only after a second show of hands agm watch| By Lynette Khoo lynkhoo@sph.com.sg Singapore A HEATED exchange emerged at an extraordinary general meeting (EGM) held by China Aviation Oil (CAO) yesterday over a resolution
      BLOOMBERG FILE PHOTO  -  456 words
    • Article
      Lock icon CRCT maintains Q1 DPU at 2.14 cents
      295 11  -  By Nisha Ramchandani nishar@sph.com.sg Singapore CAPITARETAIL China Trust (CRCT) has maintained its distribution per unit (DPU) for the first quarter ended March 31 at the year-ago level of 2.14 cents. This translates to an annualised DPU of 8.68 cents or a yield of
      295 words
    • Article
      Lock icon Baker Tech accepts Yangzijiang’s offer to buy PPLH
      266 11  -  By Nisha Ramchandani nishar@sph.com.sg Singapore BAKER Technology has accepted an offer from shipbuilder Yangzijiang Shipbuilding (Holdings) to buy PPL Holdings (PPLH) from Baker for US$155 million. Baker, which received a letter of offer from Yangzijiang on April 16 to buy all of
      266 words
    • Article
      Lock icon GuocoLand profit almost doubles in Q3
      436 12  -  Higher contribution from China projects; absence of $24.6m forex loss also helps By Karen Ng karenng@sph.com.sg Singapore GUOCOLAND posted a net profit of $9.5 million for the third quarter ended March 31,2010, almost twice that of $4.9 million a year earlier. This was mainly
      436 words
    • Article, Illustration
      Lock icon First Reit posts 1.3% rise in distributable income in Q1 to $5.25m
      601 12  -  By Felda Chay feldac@sph.com.sg Singapore FIRST Real Estate Investment Trust (First Reit) has posted a 1.3 per cent year-on-year rise in distributable income for its first quarter to $5.25 million, its manager Bowsprit Capital Corporation said yesterday. Distribution
      PACIFIC HEALTHCARE GROUP  -  601 words
    • Article
      Lock icon Frasers Centrepoint Trust posts Q2 distributable income of $15.9m
      279 12 Singapore FRASERS Centrepoint Trust (FCT) yesterday posted income available for distribution of $15.9 million for its second quarter ended March 31, 2010, an increase of 31 per cent from a year ago. FCT’sQ2FY10distribution per unit rose 11 per cent to 2.06
      279 words
    • Article, Illustration
      Lock icon Another week with no real surprises
      899 14  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent LAST Saturday’s column discussed the absence of any real surprises in the week that had just passed since at the time everything that had transpired in the market had been within expectations. To be honest, the same could
      899 words
    • Business briefing
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      93 11 Hundreds of items in the Showroom to clear regardless of cost! WT kit o w SA e IX \C ZJI k 345, Clementi Ave 5 #01 -88 Tel: 6741 7717 open: n:30am 8pm I Solid Wood Floor Tile T *2 Teak Book Rack (192 x 79 x 36cm) Teak Teak
      93 words
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      1663 13 HONG LEONG FINANCE LIMITED and its subsidiaries (incorporated in the Republic of Singapore) Company Registration Number*****0003D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2009 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Finance Company and the consolidated financial
      1,663 words
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      136 14 IN THE MATTER OF COMPANIES ACT, CAP 50 SOMERSET GLOBAL CORPORATION LIMITED (REG. NO. *****8919C) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 1 01 Cecil Street #1 6-05 Tong
      136 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon It’s time to re-examine the case for Bursa
      1008 15 Malaysia is a promising market with a wide selection of assets to suit various short and long-term investing strategies from the desk of A WORTHY market is being dismissed from the investing universe. Many Singaporean investors fail to capitalise on their proximity
      1,008 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon iPhone is the apple of S’pore marketers’ eyes
      470 16  -  Advertising traffic on Apple device more than a hundred times higher than on most competing smart phones: AdMob By Winston Chai winstonc@sph.com.sg THE handset that launched a thousand consumer queues is also the apple of marketers’ eyes as the iPhone has garnered
      AP  -  470 words
    • Article
      Lock icon Flights’ resumption eases shortage of gourmet food
      591 16  -  By Jaslene Pang, Eileen Tay jaspang@sph.com.sg eiltay@sph.com.sg RESTAURANTS and food suppliers are now reporting that the much-dreaded shortage of gourmetfood –causedbytheEuropean flight disruptions following a volcanic eruption in Iceland 10 days ago has eased after most flights to and from Europe resumed on
      591 words
    • Article, Illustration
      Lock icon Lim Hwee Hua is 2009 Woman of the Year
      711 17  -  She’s honoured for developing female leaders, achievements in workplace and work-life balance By Felda Chay feldac@sph.com.sg SHE made history by becoming Singapore’s first female minister breaking the glass ceiling that many thought existed for women in politics. And now Lim Hwee
      DESMOND FOO/THE STRAITS TIMES  -  711 words
    • Article
      Lock icon Lower-than-expected rise in consumer prices last month
      300 17  -  By Chew Xiang xchew@sph.com.sg PRICES in March rose 1.6 per cent from last year, lower than expected, the latest data from the Department of Statistics shows. The benchmark consumer price index (CPI) rose 1.6 per cent from March 2009, or 2.3 per cent
      300 words
    • Article
      Lock icon NTUC names 5 CEOs for May Day awards
      503 18  -  They, together with 5 firms, will be honoured for their roles in saving jobs, looking after workers during last year’s downturn By Chuang Peck Ming peckming@sph.com.sg THE labour movement is to honour five chief executives and five companies for their roles in
      503 words
    • Article
      Lock icon Trade deficit with S’pore has to be addressed: Cambodia
      446 18  -  By Lee U-Wen leeuwen@sph.com.sg WHILE Singapore is one of Cambodia’s main trading partners today, the Kingdom has a large bilateral trade deficit with Singapore that needs to be addressed, said Cambodian Deputy Prime Minister Sok An. Speaking at a business forum
      446 words
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      Lock icon Page 16 Advertisements Column 1
      28 16 -S- Lianhe Zaobao Mrs Cecilia Kwek bought SS Six GDI condos for over S52m in last four years a£es#$!TJay:*****i7c A To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      28 words
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      Lock icon Page 17 Advertisements Column 1
      81 17 C) nr Electro fast 100% natural Non-chemical Odourless Reusable Ultra slim Battery operated Soft and flexible design Increase intensity as desire Painless and will not strip away body hair Using electronic impulse to relieve muscle strains X s Useful for professionals, executives, people working long hours on the computers, frequent
      81 words
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      Lock icon Page 18 Advertisements Column 1
      189 18 May Pulses out now! THE BLNNBS TlMB PEOPLE Thai Beverage CEO Thapana Sirivadhanabhakdi The men behind Lumiere Capital TOP STORY STILL COMPETITIVE IN HIGH-VALUE MANUFACTURING COMPANIES Olam: The brand behind Die brands Genting Singapore: A bumpy ride Kepp«l Corp: Ready to seize opportunities PLUS Stay invested via ETFs SGX research
      189 words
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  • WORLD
    • Article, Illustration
      Lock icon Nationalism, lack of EU leadership hamper decisions
      651 19 Greece’s debt, Iceland’s ash crises highlight cumbersome process of getting consensus Reuters Brussels GREECE’S debt mountain and a volcanic eruption in Iceland have compounded the European Union’s problems in establishing itself as an important player on the world stage. Both crises highlighted the
      Reuters; BLOOMBERG  -  651 words
    • Briefing
      • Article
        Lock icon New orders for durable goods plunge
        64 19 AP Washington NEW orders for big-ticket manufactured goods dropped sharply last month due to a plunge in demand for commercial aircraft. But excluding the volatile transportation category, orders rose 2.8 per cent, the most since the recession began. The Commerce Department said the figures
        AP  -  64 words
      • Article
        Lock icon M’soft Q3 net soars 35% on Windows 7
        91 19 Reuters Seattle MICROSOFT Corp beat analysts’ estimates with a 35 per cent jump in quarterly profit, lifted by sales of Windows 7. Microsoft reported a net profit of US$4.01 billion, or 45 cents per share, for its fiscal third quarter ended March
        Reuters  -  91 words
      • Article
        Lock icon Harsh British winter hits Q1 growth
        122 19 Reuters London BRITAIN’S economy grew at a slower pace than expected in the first three months of this year as the harshest winter weather in 30 years hit hard, official data showed yesterday. The Office for National Statistics said GDP grew by 0.2 per
        Reuters  -  122 words
      • Article
        Lock icon Goldman director probed about call
        131 19 Reuters Bangalore A GOLDMAN Sachs director, Rajat Gupta, told hedge fund billionaire Raj Rajaratnam about a US$5 billion investment in Goldman by Berkshire Hathaway before the deal was made public, the Wall Street Journal said, citing a person close to the situation. In late September
        Reuters  -  131 words
    • Article
      Lock icon Swiss minister favours bonus tax
      218 19 Reuters Zurich SWITZERLAND’S Justice Minister is sympathetic to calls for a tax on bonuses that may end a parliamentary deadlock over a tax deal crucial to the future of banking giant UBS, a Swiss paper reported yesterday. Switzerland’s Social Democratic Party is ready to drop
      Reuters  -  218 words
    • Article, Illustration
      Lock icon World Bank sees long-lasting impact of downturn on poor
      539 20  -  Many of the UN’s development goals unlikely to be met: report By Anthony Rowley btworld@sph.com.sg Tokyo ECONOMIC recovery is accelerating in advanced and emerging nations, but the impact of the global downturn on the world’s poor will be long-lasting, and many
      AP  -  539 words
    • Article
      Lock icon Documents show qualms at rating firms
      619 20 NYT Washington IN 2004, well before the risks embedded in Wall Street’s bets on sub-prime mortgages became widely known, employees at Standard Poor’s (S&P), the credit rating agency, were feeling pressure to expand the business. One employee warned in internal e-mail that the company
      NYT  -  619 words
    • Article, Illustration
      Lock icon Labour, Tory leaders turn heat on first election debate’s winner
      667 21 Snap polls suggest the leaders’ performances in the second debate were more balanced Reuters Bristol, England THE two main candidates to lead Britain after a May 6 election sought on Thursday to fend off a surprise challenge from a smaller
      Reuters; AP  -  667 words
    • Article
      Lock icon US$15.5m Shitao masterpiece up for auction
      254 21 Reuters Hong Kong A CHINESE Ming dynasty painting by classical master Shitao valued at almost US$15.5 million will be auctioned next month by Christie’s, which said the work was the most valuable Chinese painting ever to be put under the hammer in Hong Kong.
      Reuters  -  254 words
    • Article
      Lock icon 8% real GDP growth seen for M’sia in 2010
      399 21  -  Exports and imports will grow 15% and 16%, says economist By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A PRIVATE economist has come out with the most bullish prediction yet for the Malaysian economy, saying that it could grow 8 per cent this
      399 words
    • Article, Illustration
      Lock icon China ponders shift in currency regime
      815 22 Beijing may be eyeing Singapore’s track record as it mulls ditching the US dollar peg Reuters Singapore WHEN Singapore surprised the market by revaluing its dollar this month to pre-empt inflation, analysts had to racktheir brainstofindout how much thecurrency’svalue had actually gone up. Such
      Reuters; AP  -  815 words
    • Article
      Lock icon China bill has high US Senate support: senator
      253 22 Reuters Washington US legislation aimed at stopping China from “manipulating” its currency by imposing duties on Chinese products would get overwhelming support in the US Senate, co-author Senator Lindsey Graham said on Thursday. “We’d get 80 or 90 votes if we could
      Reuters  -  253 words
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  • SGX
    • Article
      Lock icon Untitled
      9078 23 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 4.5 3148 8Telecom 18cd +0.5 316 18 17.5 17 18 1.7 10.1 5.8 86.2 10 4.5 5834 A-Sonic 7.5 +0.5 70 7.5 7.5 7
      9,078 words
    • Article
      Lock icon SGX CATALIST
      1887 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 6 8 38.9 6.7 25 12 8538 t APStrategic 21.5 +1 857 22 20 20 21.5
      1,887 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 5 0 0 0 7 5 5 Manufacturing 79 63 51 4 3 16 83 66 67 Commerce 24 20 24 2 3 10 26 23 34 Tpt/Stor/Comms 16 12 15
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 55,988 55,988 150,896 150,896 Manufacturing 509,506 45,171 554,677 283,339 2,262 285,601 Commerce 133,999 18,876 152,875 101,640 3,389 105,029 Tpt/Stor/Comms 109,104 893 109,997 197,519 136 197,655 Finance 31,350 31,350 263,537 263,537 Construction 54,026 10,164 64,190 16,520
      124 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      843 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 19 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Lifestyle F&B Grp 22-Apr-10 Allliance F&B (Hldg) Co *Buy ***** na *****8 84.17 *****6 90.01 China
      843 words
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MARKETS
      92 27 YTD change:+3.14% 52-week high: 3,037.97 on April 15,2010 52-week low: 1,791.45 on April 28,2009 Source: Bloomberg YTD change: -2.87% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 14,457.90 on April 28,2009 Source: Bloomberg YTD change: +6.77% 52-week high: 11,154.50 on April 15, 2010 52-week low: 7,804.21 on April
      Source: Bloomberg  -  92 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 22 Index Change Change Change Change Change Change World Index Preliminary 875.0 -1.0 5.1 -1.1 1.4 -1.2 3.6 ‡EAFE Preliminary 810.7 -1.2 3.3 -1.4 -2.5 -1.5 -0.4 Europe Preliminary 1153.4 -1.3
      365 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Apr 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2621 1.2640 0.9200 0.9205 Canadian dollar 1.3724 1.3746 1.0004 1.0010 Euro 1.8212 1.8232 1.3275 1.3277 NZ dollar 0.9746 0.9762 0.7104 0.7109 Sterling pound 2.1094 2.1118 1.5376 1.5379
      154 words
    • Article
      Lock icon LIFFE
      77 27 Apr 22 COCOA (£/tonne) Close Prev High/Low May 10 2264 2239 2268/2223 Jul 10 2291 2258 2296/2244 Sep 10 2260 2221 2265/2207 Dec 10 2224 2194 2232/2179 COFFEE (US$/tonne) Close Pev High/Low May 10 1292 1284 1300/1282 Jul 10 1331 1323 1338/1320 Sep 10 1365 1357 1372/1355 SUGAR (US
      77 words
    • Article
      Lock icon CHICAGO BOT
      99 27 Apr 22 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 1004.25 995.*****5.00 991.00 Jul 10 1015.*****6.*****5.*****1.75 Aug 10 1011.*****1.*****2.00 999.50 Sep 10 996.50 986.00 996.00 982.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 39.09 38.90 39.15 38.74 Jul 10 39.54 39.36 39.61
      99 words
    • Article
      Lock icon PALM OIL
      65 27 Apr 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2525 2561 2561 2525 1784 5325 Jun 10 2505 2552 2552 2505 3124 ***** Jul 10 2506 2540 2540 2503 8392 ***** Aug 10 2500 2535
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    • Article
      Lock icon OIL
      75 27 Apr 22 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 85.31 0.11 WTI (Near Mth) 83.00 0.03 Dubai (1-Mth F) 83.95 0.17 Tapis blend 90.35 1.40 Minas 90.30 0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.11 -0.83 Jet Kerosene 94.75 0.90 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon METALS
      68 27 Apr 23 GOLD (US$/oz) Apr 22 Apr 23 Hong Kong 1046.*****0.80 Apr 21 Apr 22 London 1140.*****5.55 1141.*****6.55 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.84 24.61 Source: UOB PLATINUM Lon (US$/oz) Apr 22 Close Previous PM Fix 1731.*****0.00 AM Fix 1746.*****9.00 Source: Thomson Reuters PLATINUM NYMEX
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      Lock icon LONDON METALS
      71 27 Apr 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2288.25 2318.50 3 months 2320.00 2351.00 Copper, Grade A (US$/tonne) Cash 7655.25 7723.25 3 months 7690.00 7759.00 Lead (US$/tonne) Cash 2280.75 2292.00 3 months 2308.00 2320.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
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  • PERSPECTIVE
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      Lock icon Cut finance down to size
      914 28 / 29  -  A growing body of analysis suggests that an oversized financial industry is hurting the broader economy. Shrinking that industry won’t make Wall Street happy, but it would be good for America. Paul Krugman The writer is professor of economics and international affairs at Princeton University
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      Lock icon Protectionism takes on a green hue
      709 28 / 29  -  Barriers to trade in the name of climate control would have the same effect as a tax and push up prices everywhere By Caroline Boin,Alec van Gelder The writers are project directors at International Policy Network, a development think-tank based in London INTERNATIONAL climate
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  • Wealth
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      Lock icon Frontier markets
      1449 30 / 31  -  They are in less well-known corners of the globe where most investors still fear to tread. Veteran investor Mark Mobius believes that they appeal as a separate investment class. Anthony Rowley Tokyo correspondent PINNING down someone so mobile as veteran investor Mark Mobius for long enough to hold
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          266 30 / 31 Buy DBS Group Research April 23 April 23 close: $10.06 KEPPEL Corp (KepCorp) posted a robust Q1 2010 recurring net profit of $322 million, accounting for about a third of our previous FY2010 forecasts, and above our expectations. This was due to record Ebit and net margins of
          266 words
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          Lock icon City Developments
          477 30 / 31  -  Buy DMG Partners Securities April 22 April 23 close: $10.84 Compiled by Conrad Tan TREE House garners 35 per cent take-up. City Developments and Hong Leong Holdings sold more than 150 units (out of some 300 units launched) of429-unit Tree House at Chestnut Avenue within a few hours
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        Lock icon Resist excessive debt in buying property
        1645 32  -  Property investment is not risk free, and leverage can cut both ways, magnifying gains and losses wealth insights| Wong Sui Jau General Manager Fundsupermart.com AS WITH all investments, it is always more risky to put all your eggs into just one basket. Lately, rising
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        Lock icon Numbers say that property still has legs
        1282 33  -  It’s attractive for investment as long as interest rates stay low, rentals hold firm and capital value is maintained show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent PROPERTY has always been a hot topic in Singapore, and it has gained even
        Source: Thomson Reuters  -  1,282 words
    • WEALTH REAL ESTATE
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      70 34 1 \'<\ i ress Artist s Featuring the Quality Homes Collection The Trizon. Beyorid Excitement, Beyond Words. For enquiries: Kelvin Tan 9693 0383, KTan@savills.com.sg or Gladis Heng 9387 4624, GHeng@savills.com.sg To arrange for an appointment to view our show unit, please call 6836 3338 or search with us at savills
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      26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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      41 1 SUPER MARKET Coming soon to a grocer near you L2-4 DINING Susur Lee in his element L5 FASHION Christopher Kane and Prabal Gurung L7-8 DESIGN Great departures L12-13 GADGETS Listen up L14 GOLF Playing it well L17 MOTORING 5 for flying
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  • BT Living
    • FOOD
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        1972 2/3  -  From artisanal salami to marinated baby peaches to frozen cake, Food Hotel Asia showcased a huge range of imported goodies to fortify your kitchen with. By Jaime Ee and Geoffrey Eu By Jaime Ee, Geoffrey Eu THE world may be your oyster but until yesterday at the Singapore
        INDOGUNA PHOTOS BY JOHN HENG  -  1,972 words
    • DINING
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        Lock icon TABLE TALK
        621 4  -  Products reflecting modern hospitality catch the eye. By Geoffrey Eu By Geoffrey Eu THE global financial crisis in 2009 was bad news for importers and distributors of high-end products in the hospitality industry but the prospects for this year are looking better, according to Roger Hague of Roger
        621 words
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        Lock icon In his element
        652 5  -  Susur Lee layers flavour upon flavour with signature ease world gourmet summit Susur Lee Resorts World Sentosa MOST of the WGS action was taking place in town, but out at Resorts World Sentosa, Susur Lee was working his own magic at his eponymous restaurant, Chinois by Susur
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        Lock icon Bold and beautiful
        394 6  -  Andrea Berton, Il Ristorante Trussardi Alla Scala, Milan At Pontini By Audrey Phoon ANDREA Berton is Italian, looks Italian and cooks in an Italian restaurant owned by a very Italian fashion group. But judging by the way he operated at Pontini during his World Gourmet Summit stint
        394 words
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        Lock icon Delicate flavours
        395 6  -  Chateau Tertre Roteboeuf wine dinner Featuring the cuisine of Lai Yau Tim By Audrey Phoon aphoon@sph.com.sg JUDGING from the number of bankers whom Lai Yau Tim cooked for at the Chateau Tertre Roteboeuf wine dinner last Thursday, nothing much has changed for the Hong Kong chef since the
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    • SHOPPING
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        Lock icon RAISING KANE
        1051 7  -  The Scottish designer is breaking new ground internationally. By Melissa Lwee By Melissa Lwee AT a time when other boys his age were fiddling with model aircraft and drawing pictures of spaceships in the notebooks, Christopher Kane found himself having to spend time trying to explain the nature
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    • FASHION
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        Lock icon A STAR IS BORN
        1120 8 / 9  -  Designer Prabal Gurung has been anointed by the fashion press as the next big thing. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg PRABAL Gurung is living proof that dreams do come true. How else could one possibly explain the meteoric rise to success that the young
        PHOTOS: TYLER ROSE, RUNWAY SHOTS BY KEVIN STURMAN  -  1,120 words
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        Lock icon The A.P.C. of fashion
        780 8 / 9  -  By Melissa Lwee WITHitsreputationforproducingunfussyeve-rydaydesigns,therearemanywhowouldbe-lieve that A.P.C. produces “simple” clothing. However, though they are comfortable and easy to wear, there is nothing simple about the clothes that the French label produces. In fact, says its founder Jean Touitou, it is actually more difficult to produce and sell
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        Lock icon wine & dine with BTWeekend
        1131 8 / 9 wine dine with BTWeekend Triple Three Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Triple Three is back. Named for the address of the hotel 333 Orchard Road it features a new Japanese-inspired international buffet spread, helmed by Japanese Executive Chef Shigeru Akashi. Embark on a culinary adventure with
        1,131 words
    • DESIGN
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        Lock icon Great departures
        885 12 / 13  -  At the Milan furniture fair, the human touch trumps design innovation. By Lim Sio Hui design By Lim Sio Hui btnews@sph.com.sg THE hottest seat at Milan’s Salone del Mobile this year? Any one out of town, the answer turned out to be, as the hundreds of thousands who
        PHOTOS OF MILAN FURNITURE FAIR BY LIM SIO HUI  -  885 words
    • GADGETS
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        Lock icon LISTEN UP
        712 14  -  Beyerdynamic is bent on making sure everyone in Singapore knows the brand. By Christopher Lim By Christopher Lim limchris@sph.com.sg SOME headphone brands come easily to the lips of even the most casual gadget shopper. Sennheiser, Sony and Audio-Technica are well-known and widely available. But you would be hard
        712 words
    • HEALTH
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        Lock icon SCIENCE DIET
        910 15  -  With weight gain and obesity a growing problem, more programmes are now available for those who want to shed pounds the healthy way. By Cheah Ui-Hoon By Cheah Ui-Hoon PikLife The Lifestyle Clinic 1 Orchard Boulevard, #16-03, Camden Medical Centre ?6733-0788 www.drkomathy.com.sg MOST weight management programmes look at
        910 words
    • SPORT
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        Lock icon Thanks for the memories
        628 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor THREE days ago, the Olympic family lost one of its most influential and loved members, when Juan Antonio Samaranch died of cardiac arrest at a hospital in Barcelona. That he was, at the grand old age
        628 words
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        Lock icon Tinkerman takes Roma to the top
        741 16  -  kick off with john dykes John Dykes ALTHOUGH Jose Mourinho deservedly dominated the headlines this week after Inter Milan’s stunning 3-1 win over Barcelona, it would be wise not to underestimate the achievement of another coach whose Italian side specialises in overturning deficits. Last
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    • GOLF
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        Lock icon Playing it well
        1058 17  -  Colin Montgomerie designer of the Montgomerie Links golf course, is also looking to win the Ryder Cup this year as Team Europe captain. By Justin Moss captain.By Justin Moss btnews@sph.com.sg LASTweek, when Colin “Monty” Montgomerie launched his ceremonial tee shot off the first tee at the official
        PHOTO OF COLIN MONTGOMERIE: GETTY IMAGES  -  1,058 words
    • MOTORING
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        Lock icon 5 FOR FLYING
        629 18/19  -  The RS5 Coupe is a race-bred version of Audi’s already souped up S5 model. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR a model series that has everything but a saloon variant, the A5 is remarkably versatile. It includes the A5 Coupe and the A5 Cabriolet both
        629 words
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        Lock icon RING LEADER
        610 18/19 AT a glance, the Audi RS5 Coupe may look slightly different from the S5, but the reason may not be immediately apparent. This new flagship model of the A5/S5 range looks a bit beefier than the pretty coupe you may be familiar with. The reason is simply the
        610 words
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        Lock icon Radical Hyundai
        589 20  -  There’s no denying the i45 is extremely sensuous for a four-door model.By Samuel Ee model.By Samuel Ee samuelee@sph.com.sg THE Hyundai revelation continues. First, there was the Tucson. Now, Korea’s biggest carmaker is piling on the wow factor with the i45. The i45 replaces the Sonata, which is best
        589 words
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