The Business Times, 28 April 2010

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Microfilm: NL30642
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, April 28,2010
    22 words
  • Article, Illustration
    Lock icon Greek default fears hammer its debt
    821 1  -  Yields on 2-year debt cross 15%, S&P downgrades country’s debt to junk By CHEW XIANG [SINGAPORE] Is Greece close to a default? Hellenic government bonds have plunged in the past week and (worryingly for investors) are displaying an inverted yield curve, with short-term yields
    Source: Bloomberg  -  821 words
  • Article, Illustration
    Lock icon A JACKPOT FOR TOURISM
    47 1 [SINGAPORE] Las Vegas Sands chairman and CEO Sheldon Adelson and his wife Miriam at the phased opening yesterday of the Marina Bay Sands. The integrated resort will become the ‘standard for economy-changing tourism projects’, says Mr Adelson. Report on page 3 ARTHUR LEE
    ARTHUR LEE  -  47 words
  • Article
    Lock icon Cascal board rejects Sembcorp offer, setting stage for battle
    627 1  -  Bid ‘inadequate and coercive’; shareholders told to do nothing By CONRAD TAN [SINGAPORE] The board of New York-listed water company Cascal has forcefully rejected an offer from Sembcorp, setting the scene for a struggle for board control. Calling the offer “inadequate
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      140 1 EMERGING ENTERPRISE Putting waste to good use PAGE 9 EXECUTIVE MONEY Impact investing more than returns INTEREST RATES Sibor hits all-time low MARTECH 2010 New frontiers in maritime sector PAGE 3 PAGE 34 PAGES Commentary: As Europe dithers, the eurozone sinks, Page 2 *****1 *****4 till SEVEN PALMS SENTOSA COVE
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  • TOP STORIES
    • Article
      Lock icon MAS formalises rules for exempt fund managers
      745 2  -  It creates a category of notified fund management companies By GENEVIEVE CUA [SINGAPORE] Fund managers who currently do not need to secure a capital markets services (CMS) licence to operate can heave a sigh of relief at the regulatory regime that the Monetary
      745 words
    • Article
      Lock icon Banks haul APB back to court over fraud case
      888 2  -  They are appealing against ruling over US$60m fraud By MICHELLE QUAH [SINGAPORE] Two European banks, defrauded of some US$60 million by Asia Pacific Breweries’ (APB) former finance chief Chia Teck Leng, have hauled the brewery back to court to attempt to
      888 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      565 2 Greek default fears hammer its debt IS GREECE close to a default? Hellenic government bonds have plunged in the past week and (worryingly for investors) are displaying an inverted yield curve, with short-term yields higher than long-term ones often a sign of impending financial trouble. Yields on two-year
      565 words
    • Article
      Lock icon Jaan joins Iggy’s to be among world’s top 50 restaurants
      555 2 After being No 1 for four years, El Bulli slips to 2nd spot in ‘Restaurant’ ranking AFP Bloomberg [LONDON] Singapore restaurants Iggy’s and Jaan helped to boost Asia’s presence in the latest ranking of the top restaurants in the world
      AFP; Bloomberg  -  555 words
    • Article
      Lock icon As Europe dithers, the eurozone sinks
      876 2  -  COMMENTARY By VIKRAM KHANNA THE European Union’s slow-motion dance in dealing with the problems of Greece is costing Europe dear and could have an unpleasant ending. Yields on two-year Greek government bonds hit 15 per cent yesterday higher than for Argentina, Venezuela or Pakistan.
      876 words
    • Article, Illustration
      Lock icon Borrowers told to act as Sibor hits all-time low
      646 3  -  Individuals and corporates asked to hedge their interest rate exposures now By SIOW LI SEN [SINGAPORE] Singapore’s key interest rate has crashed to all-time lows and banks have been quick to capitalise on it. The key three-month Sibor or Singapore interbank
      Source: Bloomberg  -  646 words
    • Article, Illustration
      Lock icon Five-year goal for MBS to recoup US$5.5b
      667 3  -  By ARTHUR SIM [SINGAPORE] Las Vegas Sands (LVS) chairman and CEO Sheldon Adelson has set Marina Bay Sands (MBS) the goal of seeing a return on its US$5.5 billion investment in five years. Earlier estimates by LVS had been more conservative. Mr Adelson
      AFP  -  667 words
    • Article
      Lock icon MARKETS DIGEST
      141 3 ST INDEX 2,991.68 (-10.94) ST INDEX FUTURES 2,992 (-5) SIMSCI 355.69 (-2.15) SIMSCI FUTURES 355.90 (-1.00) FOREX US$ S$ US$ (S$ per US$) 1.370 (US$/S$ per 1.539 2.108 EURO (US$/S$/E) 1.335 1.829 Foreign currency per US$ S$ YEN 93.80 68.50 RM 3.197 2.334 HK$ 7.763 5.668 BAHT 32.28
      141 words
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      120 3 The Jetta Sport 1.4 TSI has all the hallmarks of a Category B car: German engineering; a powerful 160bhp twincharged TSI engine; 7-speed DSG transmission; ample room for five adults and the largest boot in its class. But surprisingly, because its twincharged engine is a 1.4 litre, it's classed as
      120 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon First role of a board: growing the pie
      459 4 Governance is about realising the power of enterprise, says SGX senior VP GOVERNANCE, be it in a company or marketplace, is about realising the power of enterprise, Singapore Exchange senior vice-presi-dent Yeo Lian Sim said yesterday. Corporate governance contributes to business, she
      FILE PHOTO  -  459 words
    • Article
      Lock icon Why should the Goldman saga shock us?
      801 4  -  HOCK LOCK SIEW By R SIVANITHY COMMENTATORS are in a tizzy about Goldman Sachs and allegations that it helped sell a structured product to investors that it knew contained toxic assets that were set to fail. But why are we surprised? According to
      801 words
    • Article
      Lock icon DBS to invest in HK fund
      128 4 Reuters DBS will invest up to US$150 million in a fund being launched by Hong Kong-based Myo Capital that will pick distressed debt in Asia-Pacific excluding Japan, the two companies said yesterday. DBS Asset Management has also agreed to take a minority stake in
      Reuters  -  128 words
    • Article
      Lock icon SATS gets full apron licence
      346 5  -  It allows firm to offer technical ramp services to airlines at Changi Airport By NISHA RAMCHANDANI CHANGI Airport Group (CAG) has granted ground handler Singapore Airport Terminal Services (SATS) a full apron handling licence. The licence, effective May 1, will make SATS the third ground
      346 words
    • Article
      Lock icon LKHS buyout offer on the cards
      230 5  -  By CONRAD TAN LOW Keng Huat (Singapore) or LKHS has received a pre-conditional offer to buy out its shareholders. This was triggered by a Malaysian firm’s bid to acquire the business of another Malaysian company which owns 51.93 per cent of the Singapore construction
      230 words
    • Article
      Lock icon SingTel plugging mio TV coverage gap: Lui Tuck Yew
      384 5  -  By WINSTON CHAI SINGAPORE Telecommunications is currently trying to work around the technical limitations that are preventing the remaining 3 per cent of local homes from tuning into its mio TV service, according to Acting Minister for Information, Communications and the
      384 words
    • Article
      Lock icon Golden Agri unit responds to Greenpeace claims
      348 5  -  It is alleged to be clearing rainforest in Central Kalimantan By JOYCE HOOI GOLDEN Agri-Resources (GAR) unit Sinar Mas Agro Resources and Technology (Smart) reaffirmed its “commitment to achieving sustainable palm oil production” yesterday amid fresh allegations by Greenpeace of environmental vandalism by
      348 words
    • Article
      Lock icon At a glance
      132 5 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Suntec REIT 45.37 46.35 -2.1 62.45 64.93 -3.8 2 STATS ChipPAC 38.46 -71.54 nm 543.51 308.91 75.9 3 Starhill Gbl 18.73 19.08 -1.8 37.62 34.33 9.6 4 QAF Ltd 14.55
      132 words
    • Article
      Lock icon Jurong Data Ctr’s creditors want to replace liquidator
      406 7  -  Vote made for two possible names in place of provisional liquidator Reid By LYNETTE KHOO A DISAGREEMENT has surfaced over the choice of liquidator for Singapore’s largest data centre managed by Singapore-listed Japan Land. Japan Land said yesterday that the creditors of
      406 words
    • Article, Illustration
      Lock icon Teledata eyes acquisition of UK-based Elektromotive
      322 7  -  Target is a player in the smart electric vehicle industry By FELDA CHAY IT and communications firm Teledata said yesterday it has secured the exclusive right to negotiate with Brunei’s Prince Abdul Hakeem to acquire a 51 per cent stake in Elektromotive, a UK-based
      322 words
    • Article
      Lock icon Mann Seng Metal launches IPO
      302 7  -  By WINSTON CHAI MALAYSIA-based integrated metal engineering firm Mann Seng Metal International (MSM) has launched an initial public offering (IPO) for a listing on the Catalist board of Singapore Exchange. It is offering 20 million new shares at 25 cents each by way of placement
      302 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sunpower Q1 net profit rises 43%
        74 7 SUNPOWER Group reported that net profit for the first quarter of 2010 grew 42.79 per cent to 10.17 million yuan (S$2.04 million). Revenue grew 53.21 per cent to 161.47 million yuan. The increase was mainly attributed to revenue growth of 50.4 million yuan for
        74 words
      • Article
        Lock icon New OCBC consumer banking head
        54 7 OCBC Bank has named chief financial officer Ching Wei Hong as its new consumer banking head to replace Andrew Lee, who retires on May 1. Soon Tit Koon returns to the CFO post, which he had held from 2002-2008, while keeping his current position as
        54 words
      • Article
        Lock icon STATS ChipPAC posts US$27m Q1 profit
        125 7 STATS ChipPAC reported a net profit of US$27.45 million for the first quarter of 2010, compared to a net loss of US$51.07 million a year ago. Revenue grew almost 76 per cent to US$387.95 million due to continued improvement in the semiconductor industry. The
        125 words
      • Article
        Lock icon China Fibretech Q1 profit dives
        75 7 CHINA Fibretech Ltd said its net profit for the first quarter of 2010 plunged 99.6 per cent to 117,000 yuan. Revenue fell 83.6 per cent to 17.61 million yuan due to weaker sales in its fabric dyeing service and lower average selling prices. The company
        75 words
      • Article
        Lock icon Nera wins $16m IP network deal
        44 7 NERA Telecommunications Ltd said that it has secured an IP network project, valued at $16 million, from a global telecom operator. The project is for the supply, implementation, testing and commissioning of routers, switches and network provisioning software.
        44 words
      • Article
        Lock icon Eucon cuts loss, more than doubles sales
        84 7 EUCON Holding Ltd, an integrated PCB solutions provider in China, reported a net loss of $0.72 million for the first quarter of 2010, compared to a net loss of $4.68 million a year ago. Revenue more than doubled to $24.16 million. Eucon said
        84 words
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      333 4 "We are a Leader in Helping Itainers ildf with a Passion Build a Successful Training Business" Are you looking for a proven system to build a successful training business? Do you know how to build a marketing machine that gives you 30-50 new leads for your training business Every Day?
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      1230 4 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg UniCredit Bank AG Member of UniCredit Group Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: 6413 3688 Balance Sheet at December 31, 2009 Assets Cash and cash balances
      1,230 words
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      257 5 HOUSING DEVELOPMENT BOARD HDB SALE OF SITE LAND PARCEL YISHUN PHI AT YISHUN AVENUE 11/YISHUN CENTRAL UNDER THE DESIGN, BUILD SELL SCHEME (DBSS) Located near the centre of Yishun Town, Yishun PHI is the coveted choice for those in search of an idyllic and convenient living environment. Well-served by expressways
      257 words
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      255 5 NASSIMPARK RESIDENCES A MASTERPIECE by Chan Soo Khian, Christian Liaigre, Shunmyo Masuno In the heart of Nassim, Singapore's most desirable neighbourhood, comes the unveiling of Singapore's most coveted freehold address, A unique collaboration between three internationally acclaimed creative minds Chan Soo Khian Founder of Singapore-based SCDA Architects. Hailed for groundbreaking
      255 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Worries over China property, Greece hang heavy on stocks
      638 6  -  STI dragged down 10.94 points; traders resort to churning low-priced pennies for opportunities in soft market STOCKS R SIVANITHY Senior Correspondent SELLING in China and Hong Kong and a weak opening for Europe because of concerns over Greece yesterday spilled over
      Source: Bloomberg  -  638 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 3 0 0 0 5 9 3 Manufacturing 61 83 62 4 7 15 65 90 77 Commerce 13 31 28 3 4 4 16 35 32 Tpt/Stor/Comms 10 22 11
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Commodities
        271 6 OCBC INVESTMENT RESEARCH, April 27 LOCALLY listed commodities companies will announce their interim results over the next three weeks. We remain “overweight” on the sector and maintain our view that the global economic recovery will drive further tightening of demand and supply fundamentals, which will in turn spur
        271 words
      • Article, Illustration
        Lock icon Hong Leong Finance
        418 6  -  Hong Leong April 27 close: $3.19 DMG RESEARCH, April 27 Compiled by JOYCE HOOI HLF reported Q1 2010 net profit of $38.4 million, up 49 per cent y-o-y. The strong result was due to provision write-back of $13.6 million, versus provisions of $4.8 million in Q1 2009.
        418 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,036 36,036 78,062 78,062 Manufacturing 527,290 19,922 547,212 280,156 1,309 281,464 Commerce 141,622 13,943 155,565 112,566 3,360 115,926 Tpt/Stor/Comms 98,803 606 99,409 212,797 77 212,874 Finance 27,174 4 27,178 191,338 191,338 Construction 35,655 10,302 45,957
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change Stock name Close Change CapMallsAsia 2.150 CapitaLand 3.820 -0.030 CapitaMall 1.900 CityDev 10.860 -0.140 ComfortDelGro 1.590 DBS Grp 15.580 +0.040 F&N 4.980 +0.050 Genting SP 0.870 +0.010 Golden Agri 0.600 -0.015 HK Land 5.150 +0.030 JMH 37.400 +0.960 JSH 21.180 +0.100 Jardine
      109 words
    • Article, Illustration
      Lock icon Euro skids as investors search for clarity
      352 6 CURRENCIES Reuters [LONDON] The euro fell against the US dollar yesterday as investors sought clarity about talks on financial aid for Greece, while worries over credit risk in other countries led investors to dump the single currency. Heightened risk aversion hit the euro
      Reuters; AFP  -  352 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Apr 27 VALUE CLOSE BT OB/OS -179.00 -27.00 BT CADI -*****.00-113.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 726.71 -3.22 FTSE ST Small Cap 588.53 -5.64 FTSE ST All Share 740.63 -3.07 FTSE ST China Top 299.44 -1.82 FTSE ST China 313.42 -0.02 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME MDR 81,164,000 Golden Agri 73,564,000 Genting SP 57,366,000 GMG Global 56,629,000 JES 50,917,000 Hisaka 45,003,000 Yangzijiang 43,956,000 Abterra 33,049,000 Dayen 25,937,000 FJ Benjamin 25,843,000 VALUE($) SingTel 68,906,057 DBS Grp 61,379,520 CapitaLand 61,022,460 Yangzijiang 60,322,600 Hyflux 52,735,930 OCBC Bk 52,414,820 Genting SP 49,254,480 SIA 47,954,370 Noble Grp
      55 words
    • Article
      Lock icon RISES
      105 6 BY CENTS CLOSE UP JMH 3740 131.5 2.6 DBXT FTVietnam 10US$ 4692 83.6 1.3 OUE 1670 40.0 2.5 DBXT S&P Short 10US$ 4907 31.5 0.5 Lyxor Malaysia 10US$ 784 17.8 1.7 JSH 2118 13.7 0.5 SIA.ES.1005 1544 12.0 0.8 YHS 165 11.0 7.1 OCC 5.1% NCPS 100 ***** 10.0
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    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN Jardine C&C 3008 -70.0 -2.3 DBXT Nifty 10US$ ***** -60.3 -0.4 DBXT FTChina25 10US$ 2992 -53.4 -1.3 Lyxor China H 10US$ 1569 -41.1 -1.9 DBXT MSINDO 10us$ 1217 -31.5 -1.9 Keppel Corp 1016 -28.0 -2.7 GLD 10US$ ***** -20.5 -0.1 OCBC Bk 4.5%NCPS 100 *****
      119 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Apr 27 CHNG YR 2010 CLOSE FR Apr 26 S$ LOW S$ HIGH US$ 1.3697 -0.09 1.4219 1.3685 Euro 1.8231 -0.12 2.0153 1.8209 Pounds 2.1014 0.56 2.2831 2.0845 A$ 1.2648 0.40 1.2960 1.2276 Yen* 1.4615 -0.44 1.5927 1.4551 Rupiah* 0.***** -0.10 0.***** 0.***** Baht* 4.2471 0.04
      87 words
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      518 7 Malaysia 8th May 2010 8.15am 6.00pm DBS Auditorium, DBS Building Tower One, 6 Shenton Way, Singapore PRESENTING MALAYSIAN LISTED COMPANIES IN EVENT HIGHLIGHTS: Welcome Address by Mr Alan Chan, CEO of SPH and Dato'Yusli Bin Mohamed Yusof, CEO of Bursa Malaysia Berhad Investment Merits Presentation by 11 large cap companies
      518 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Visitor arrivals rise for fourth straight month
      364 8  -  Number up 17.3% to 928,000, a March record; visitor days up 16.4% to 3.5m By NISHA RAMCHANDANI SINGAPORE’s visitor arrivals rose for a fourth straight month in March, as travel continued to pick up strongly from the collapse triggered by the global downturn
      364 words
    • Article
      Lock icon JAC seeks top execs to oversee US$2b aromatics complex
      390 8  -  By RONNIE LIM IN preparation for the targeted construction start-up of its US$2 billion aromatics complex this year-end, Jurong Aromatics Corporation (JAC) is looking for top guns to take charge of the project. It has just advertised for a CEO and
      390 words
    • Article
      Lock icon New SICCI chairman aims to expand membership
      294 8 THE Singapore Indian Chamber of Commerce and Industry (SICCI) has unveiled its new chairman, who has promised to expand its membership base. Rangarajan Narayanamohan, senior partner at Natarajan Swaminathan, an accountants firm, will lead a team of 17 directors, seven of whom have
      294 words
    • Article
      Lock icon May Day messages focus on competition, productivity
      503 8  -  By TEH SHI NING [SINGAPORE] Singapore’s workers will mark May Day this year with economic recovery well underway and the fear of recession job cuts now behind them. But greater challenges lie ahead as global competition intensifies and the pressure to raise productivity
      503 words
    • Article, Illustration
      Lock icon Lessons from a caring heart, 50 years ago
      697 8  -  By CHUANG PECK MING WITH the book out in print now, President SR Nathan still feels it should not have been published. Why Am I Here?, his first book, recalls his first job as a seamen’s welfare officer in the mid-1950s. Why
      NG SOR LUAN/THE STRAITS TIMES  -  697 words
    • Article
      Lock icon Changi site draws top bids at lower end of estimates
      417 8  -  By EMILYN YAP THE tender for a 99-year leasehold residential site at Upper Changi Road North/Flora Drive closed yesterday on a more subdued note than other recent tenders. The 3.07 hectare site, which can yield up to 390 apartments, drew
      417 words
    • Article
      Lock icon IBM targets retail service providers
      240 8  -  By WINSTON CHAI TECHNOLOGY giant IBM is seeking a first-mover advantage in Singapore’s ultra high-speed broadband future with the launch of a new facility to help Internet service providers to prepare for their commercial debut. The new centre, coined “The Innovation Place”, is the result
      240 words
    • Article, Illustration
      Lock icon NCMP, NMP: Shanmugam goes on the offensive
      596 8  -  YESTERDAY IN PARLIAMENT By CHUANG PECK MING LAW Minister K Shanmugam went on the offensive when he tabled the Parliamentary Elections (Amendment) Bill yesterday. He even took issue with a columnist who had been cynical about a proposed change contained in the bill.
      596 words
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  • EMERGING ENTERPRISE 2010
    • Article, Illustration
      Lock icon Putting waste to good use
      1022 9  -  Reclaims Enterprise has plans to recycle organic waste into animal feed and fertilisers, reports EILEEN TAY EILEEN TAY RECYCLING company Reclaims Enterprise is playing its part to battle the shortage of dumping grounds in Singapore by recycling industrial waste into construction materials and animal feed.
      ARTHUR LEE  -  1,022 words
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      340 9 This is the third of a series of features on the 15 finalists of the Emerging Enterprise 2010 Awards. Jointly presented by The Business Times and OCBC Bank, the EE 2010 recognises young SMEs with annual sales of less than $10 million. It is supported by RSM Chio Lim, Spring
      340 words
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      1021 10 Financial Results Year Ended 31 December 2009 SUMMARISED FINANCIAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2009 The following Financial Statements contain only a summary of the information in the full financial statements and directors' reports of DBS Group Holdings Ltd and its subsidiaries (the Group) and DBS Bank Ltd
      1,021 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Fed poised to leave rates at record lows
      827 11 Rock-bottom rates would spur spending and invigorate the economy AP [WASHINGTON] Confidence is growing that the economic rebound will strengthen. And to make sure it does, the Federal Reserve is considered certain to hold interest rates at record lows when it meets
      AP; AFP  -  827 words
    • Article
      Lock icon Australian producer prices leap in Q1
      622 11 1% rise is biggest in 5 quarters, points to inflation pressures Reuters [SYDNEY] Australian producer prices jumped by the most in over a year last quarter as the costs of petrol, utilities and building all rose, heralding a broader pick-up in inflationary pressures in
      Reuters  -  622 words
    • Article
      Lock icon South Korean economic growth quickens
      362 11 Bloomberg [SEOUL] South Korea’s economy accelerated more than estimated last quarter as the global recovery spurred demand for electronics and consumer spending advanced. Gross domestic product increased 1.8 per cent in the first quarter from the previous three months, when it rose 0.2 per cent,
      Bloomberg  -  362 words
    • Article
      Lock icon Panel to seek solutions to US debt, deficit problems
      603 11 Obama gives it until Dec 1 to report back on its proposals Reuters [WASHINGTON] Seeking to show he is serious about reining in soaring US budget deficits, President Barack Obama yesterday was to kick off the work of a panel he
      Reuters  -  603 words
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      254 11 NEW TO HOTELCLUB? No booking fees Greot hotel deols at over 60,000 hotels worldwide Members earn up to 6% from every booking HotelClub It pays to stay with us. NEED AI BREAK? We hove the right deals for you. With hotel deals like these you can't afford not to go
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Ringgit’s strength in line with economy: Bank Negara
      507 12  -  8% gain this year makes it Asia’s best performing currency, along with won By in S JAYASANKARAN in Kuala Lumpur ENDORSING the strong appreciation of the Malaysian ringgit since March, the country’s central bank said yesterday the currency’s value reflects the country’s
      507 words
    • Article
      Lock icon Java-Sumatra bridge could cost US$19b
      238 12 Reuters [JAKARTA] One of Indonesia’s big-ticket infrastructure projects, a bridge connecting the islands of Java and Sumatra, may cost as much as US$19 billion, far more than initially estimated, a planning official said on Monday. The 30-kilometre-long bridge over the Sunda Strait will have a
      Reuters  -  238 words
    • Article
      Lock icon Earnings rise 17% for banks in Labuan
      365 12 Out of 54 active lenders, 36 are foreign owned Bloomberg [KUALA LUMPUR] Banks, including Goldman Sachs, Sumitomo Mitsui Financial Group, posted 16.6 per cent growth in combined profit from their operations on Malaysia’s Labuan island last year as the global economy faltered. Total
      Bloomberg  -  365 words
    • Article
      Lock icon Jakarta sells sukuk worth 200b rupiah
      166 12 Reuters [JAKARTA] Indonesia’s Finance Ministry sold 200 billion rupiah (S$30 million) of sukuk yesterday, well below its target amount of one trillion rupiah, reflecting investor concerns about poor liquidity for Islamic paper. Investor demand for Indonesia’s conventional bonds remains strong as that debt is
      Reuters  -  166 words
    • Article
      Lock icon Indonesia to spend more on energy subsidies this year
      290 12 Reuters [JAKARTA] Indonesia will spend more on energy subsidies than budgeted this year, a government minister and state oil company official said yesterday. Fuel consumption is likely to rise while Parliament keeps electricity price rises to a minimum, chief economic minister
      Reuters  -  290 words
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      2157 12 adv IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF CHONG NAM PRESS (PTE.) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****0038E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
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      346 12 B8AT3 NOTICES In the Matter of The Companies Act, Cap. 50 And In the Matter of ZAIS GROUP INVESTMENT ADVISORS SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****0063M) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50,
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Bank of China Q1 profit jumps 41%
      654 13 The bank gave 402b yuan of new loans, taking the amount outstanding to 5.31t Bloomberg [BEIJING] Bank of China Ltd said yesterday its firstquarter profit rose 41 per cent, aided by rising demand for loans and feebased services. Net income climbed to 26.23
      Bloomberg; AFP  -  654 words
    • Article
      Lock icon WTO threat will not yield yuan rise, says EU trade chief
      376 13 CURRENCY ROW Reuters [BEIJING] Threatening China with WTO sanctions will not convince Beijing to revalue its currency, the European Union trade chief said after meeting his Chinese counterpart yesterday. Chinese Commerce Minister Chen Deming said that the yuan was
      Reuters  -  376 words
    • Article
      Lock icon Geithner, Clinton to visit China amid tensions
      238 13 AFP [WASHINGTON] US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner will head to Beijing next month for high-level talks as tensions build on a range of pressing issues, from China’s currency to Iran, officials said. The Treasury Department said on
      AFP  -  238 words
    • Article
      Lock icon Bank fundraising plans weigh on stocks
      481 13 Reuters [HONG KONG/SHANGHAI] Chinese shares retreated to their lowest in 6½ months, as investors dumped banking stocks including China Construction Bank (CCB) on concern over fundraising plans. The Shanghai Composite Index ended the day down 2.1 per cent at 2,907.928 points, after breaking through
      Reuters  -  481 words
  • Page 13 Advertisements
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      91 13 The University of Manchester Manchester Business School ■Think Global Great leaders are made, not born. A world-class, international MBA programme which focuses on you as a leader from the very beginning. Prove your ability and reap the rewards. UK I US I UAE I China I Hong Kong I Malaysia
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      111 13 The Manchester Global MBA General I Engineering I Finance I Finance (Accelerated) I Construction I Sports Events The Manchester Global MBA Preview on 28 th April 2010 at7pm. Please register at http://mbs.replyhub.com/global/preview. Walk-in will not be admitted. Enjoy two sponsored* study trips on us to any two MBS international centres,for
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      409 13 BarroMetrics RAY BARROS TRADING GROUP Presents THE MISSING LINK TO TRADING SUCCESS A Content Rich Seminar with Substance 15 May 2010, Saturday, 1 4 pm Grand Hyatt Ballroom 'What sets Ray apart from other market gurus and seminar lecturers is his interactive and personal approach. After his lecture, my doubts
      409 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Taiwan to seek more FTAs after pact with China
      593 14 China deal to attract FDI, create jobs and allow Taiwan to stay competitive: Ma Reuters Bloomberg [TAIPEI] Taiwan will move quickly to start talks on free-trade agreements (FTAs) with other countries after a pact is signed with China, President Ma Yingjeou
      Reuters; Bloomberg; BLOOMBERG  -  593 words
    • Article
      Lock icon Inflation a big worry for India: central bank chief
      445 14 Bloomberg AFP [WASHINGTON] Reserve Bank of India (RBI) governor Duvvuri Subbarao said increasing inflation is a “big worry” for the economy and the central bank plans to remove monetary stimulus in a gradual manner to ensure sustained growth. While the tightening
      Bloomberg; AFP  -  445 words
    • Article
      Lock icon Chinese steel mills signing private quarterly ore deals
      300 14 Reuters [BEIJING] Chinese steel mills are already signing their own private quarterly iron ore contracts with foreign suppliers as their inventories start to dwindle, the China Economic Times reported yesterday. The newspaper cited an unnamed official with the Hebei Iron and Steel
      Reuters  -  300 words
    • Article
      Lock icon India govt wins confidence vote by wide margin
      471 14 Strong showing may boost efforts to pass key bills Reuters Xinhua [NEW DELHI] India’s Con-gress-led government won a key confidence vote in parliament yesterday by a stronger-than-expected 84 votes. Prime Minister Manmohan Singh’s government was backed by 246 lawmakers in the 545-strong
      Reuters; Xinhua  -  471 words
    • Article
      Lock icon HK regulator seeks ban on US hedge fund
      344 14 AFP [HONG KONG] Hong Kong’s market regulator said yesterday it was looking to take the unprecedented step of banning a New York-based hedge fund from dealing in the city, amid claims of insider trading. The Securities and Futures Commission (SFC) is seeking
      AFP  -  344 words
    • Article
      Lock icon Carmaker BYD’s Q1 profit more than triples
      359 14 It sold 163,000 cars in Q1, 20% of its annual target Reuters [HONG KONG] Surging Chinese demand for cars more than tripled net profit for homegrown manufacturer BYD in the first quarter. BYD posted net profit of 1.7 billion yuan (S$341 million) on
      Reuters  -  359 words
  • Page 14 Advertisements
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      191 14 May Pulses out now! PSOCUCEDB* THE BUSFTSS TIMES PEOPLE Thai Beverage CEO Thapana Sirivadhanabhakdi The men behind Lumiere Capital TOP STORY STILL COMPETITIVE IN HIGH-VALUE MANUFACTURING COMPANIES Olam: The brand behind the brands Genting Singapore: A bumpy ride Keppel Corp: Ready to seize opportunities PLUS Stay invested via ETFs SGX
      191 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Bangkok on the brink as protests heat up
      646 15 Military source says army does not want to be dragged into conflict with civilians [BANGKOK] Anti-govern-ment protesters in Thailand forced Bangkok’s elevated railway system to shut yesterday, and the government warned of tougher operations to quell growing unrest in a seven-week crisis
      AP  -  646 words
    • Article
      Lock icon Consumer confidence rises to highest level since September 2008
      397 15 LATEST US DATA [NEW YORK] Confidence among US consumers increased in April to the highest level since September 2008 as Americans became more upbeat about the labour market. The Conference Board’s confidence index rose more than forecast, to 57.9 from 52.3
      397 words
    • Article
      Lock icon Tokyo prosecutors’ panel rules to reopen probe on top DPJ official
      553 15  -  By ANTHONY ROWLEY PROBLEMS over political fundings returned to haunt the ruling Democratic Party of Japan (DPJ) yesterday when a prosecution review panel ruled to reopen an investigation against a key party official over alleged funding irregularities. The move
      553 words
    • Article, Illustration
      Lock icon Australia govt says carbon delay to impact budget
      518 15 [CANBERRA] Australia has shelved plans for an ambitious carbon emissions trade scheme for at least three years due to parliamentary opposition and slow progress on a global climate pact, Prime Minister Kevin Rudd said yesterday. The decision bows to the political reality
      AFP  -  518 words
    • Article
      Lock icon Some UK bank businesses could face suspension
      620 15 FSA can also suspend individuals for up to two years Bloomberg [LONDON] UK banks’ trading desks that violate Financial Services Authority rules could be suspended for up to a year under proposals from the regulator. The UK regulator will be able to suspend
      Bloomberg  -  620 words
    • Article
      Lock icon UK parties eye social issues to break poll deadlock
      304 15 Reuters [LONDON] Britain’s main political parties turned their focus to crime, health and childcare yesterday as they tried to pull ahead of their rivals in the country’s tightest general election in decades. Polls point to no conclusive winners and a “hung
      Reuters  -  304 words
  • Page 15 Advertisements
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      39 15 Climate change debate turns ugly, Page 16 Brand New Duplex Orchard Scotts $400K Designer ID: 2,088 Sq Ft: 3 bedrooms year Lease $13,500 per mth JERRY LUM Marketing Director, MBA, CES HP+65 8288 0098 http://jerrylum.myweb.sg/ LK A MU 1(1*1
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  • FOCUS: CLIMATE DEBATE
    • Article, Illustration
      Lock icon Climate change debate turns ugly
      2041 16 Climate scientists hit with hate e-mails brimming with abuse, accusations of fabricating global warming data and even death threats [SINGAPORE] MURDERER, liar, fraud, traitor. Climate scientists, used to dealing with sceptics, are under siege like never before, targeted by hate e-mails brimming with abuse and
      AP, REUTERS PHOTOS  -  2,041 words
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  • WORLD
    • Article, Illustration
      Lock icon Top US pension fund warns on stocks, economy
      518 17 Financial reform is needed now, says chief investment officer of Calpers Reuters [BEVERLY HILLS, California] The chief investment officer of Calpers, the biggest US public pension fund, warned on Monday that US stock investors may have gotten overly optimistic and the economy
      Reuters  -  518 words
    • Article
      Lock icon Wall Street reform Bill stalls in Senate
      628 18 Obama disappointed with lawmakers’ 57-41 vote that falls short of required 60 AFP [WASHINGTON] Sweeping legislation to rein in Wall Street suffered a temporary setback in the US Senate on Monday, as President Barack Obama’s Republican foes defeated a push to formally take
      AFP  -  628 words
    • Article, Illustration
      Lock icon Goldman execs face flak over melt-down
      641 18 Senators set to grill Blankfein, other execs at hearing [WASHINGTON] Top Goldman Sachs officials defended their conduct in the financial crisis yesterday, flatly disputing the government’s fraud allegations against the giant financial house. “I did not mislead” investors, insisted a trading executive at the
      AP  -  641 words
    • Article, Illustration
      Lock icon Art world pays homage to Jeanne-Claude
      481 18 Art world pays homage to JeanneClaude AP [NEW YORK] Members of the art world gathered on Monday to remember The Gates co-creator Jeanne-Claude as a passionate, uncompromising creative force who fought tirelessly to bring giant art projects to fruition with her husband Christo. More than five million people saw The
      AP  -  481 words
    • Article
      Lock icon Obama urges bipartisan effort on soaring deficits
      440 18 AP [WASHINGTON] President Barack Obama said yesterday that Washington must urgently confront unpleasant truths about deficits, while the Federal Reserve chairman said failure to mop up red-ink spending would “ultimately do great damage” to the country. Mr Obama refused to rule out measures
      AP  -  440 words
    • Article
      Lock icon US financial sector frets over reform
      470 18 Execs worry bailout fund, restrictions may hit business [BEVERLY HILLS, California] Financial services executives are apprehensively watching regulation reform make its way through Washington, worried measures such as a bailout fund and restrictions on derivatives would hurt business. But executives, investors and advisers at
      470 words
  • Page 17 Advertisements
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      323 17 JL \V > II WINE DINE AND HOSPITALITY 1 Michelin Chef Laurent Peugeot Burgundy, France Indulge your senses with the innovative French-Japanese signatures of Guest Chef Laurent Peugeot as he showcases his culinary flair. 03-08 May 2010 From $80++for lunch $180 for dinner Culinary Master Class on Saturday 08 May
      323 words
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  • BT ROUNDTABLE
    • Article, Illustration
      Lock icon Optimism – real or perceived?
      2794 19 Optimism real or perceived? Panel debates outlook for US economy and the impact on equities, commodities and currencies US CONSUMERS are going “back to the malls” and even luxury goods are attracting strong buying attention again. Meanwhile reasonably strong production and employment data are buoying investor sentiment. It is tempting
      AFP  -  2,794 words
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  • Transport HUB
    • Article
      Lock icon Maritime hub with a high-tech edge
      712 20  -  Marine certification and associated design and development work could fit well with the skills base being developed here STRAIT TALK By DAVID HUGHES SO WE are already halfway through Singapore Maritime Week (SMW). And Sunday’s Amazing Maritime Race does seem to have worked as
      712 words
    • Article
      Lock icon Maritime Week to be even bigger in 2011
      266 20  -  By VINCENT WEE EVEN as this year’s Singapore Maritime Week kicks off, plans are already being made for next year as Sea Asia 2011 was launched yesterday with an expected 20 per cent increase in exhibition space over the previous edition of
      266 words
    • Article
      Lock icon Panalpina opens 20,000 sq m facility at Loyang
      260 20  -  By VINCENT WEE LOGISTICS giant Panalpina is the latest to jump on the oil and gas bandwagon, opening a dedicated 20,000-plus sq m facility at Loyang Offshore Supply Base yesterday. The built-to-suit facility has 1,100 sq m of office space, 7,000 sq
      260 words
    • Article
      Lock icon PPL launches Sinopec rig
      210 20  -  By JOYCE HOOI SEMBCORP Marine unit PPL Shipyard launched the Kan Tan 6 yesterday, a Pacific Class 375 offshore jack-up rig commissioned by a subsidiary of Chinese oil-and-gas heavyweight China Petroleum Chemical Corporation (Sinopec). The Kan Tan 6, which will be delivered in Q1 2011, is
      210 words
    • Article, Illustration
      Lock icon Supertanker prices surge close to 9-month highs as owners reluctant to sell
      376 20 Bloomberg [NEW YORK] Supertanker prices have risen to the highest level in almost nine months as rebounding shipping rates discouraged owners from selling. Rates have more than doubled this year from a year ago as higher oil consumption
      Bloomberg; BLOOMBERG  -  376 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 20 SGX '000 Apr 27 S$ +/-Vol CH Offshore 0.67 unch 1324 Chuan Hup Hldgs 0.30 -0.01 40 Cosco Corp 1.75 unch ***** CWT Ltd 0.99 -0.01 1245 Ezra Hldgs 2.18 -0.03 3490 First Ship Lease 0.62 -0.01 460 Freight Links 0.06 unch 1279 Grand Banks 0.46 -0.01 5
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon A lesson from volcanic ash: Unified European airspace
        793 21 It will put the skies under one regulator and avoid confusing decisions in a crisis AP [BRUSSELS] The European Union (EU) and the continent’s air traffic agency want to quickly abolish Europe’s fragmented national airspaces, after the recent unprecedented air travel disruptions
        AP  -  793 words
      • Article
        Lock icon Boeing, Lockheed wait as India delays fighter-jet deal
        548 21 Defence ministry has asked manufacturers to resubmit offers Bloomberg [NEW DELHI] India will miss a deadline today to complete the world’s biggest fighter-jet purchase in 15 years, risking a possible US$1 billion price increase as Boeing and five rival manufacturers resubmit bids.
        Bloomberg  -  548 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2840 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 --JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0605 KL834 1325 SQ323 0605 LO4032 2345
        2,840 words
      • Article
        Lock icon US tarmac fines may fuel flight cancellations
        430 21 Bloomberg [WASHINGTON] US airline passengers face more flight cancellations as carriers led by Delta Air Lines and Southwest Airlines seek to avoid fines for keeping planes waiting on the tarmac longer than three hours. A rule by Transportation Secretary Ray LaHood, taking effect
        Bloomberg  -  430 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Stamford Tyres rolls out Leng Kee store
        409 22  -  The Megamart is the only major auto accessories retail outlet in the area By SAMUEL EE GLOBAL tyre and wheel specialist Stamford Tyres has returned to the Leng Kee motor belt with a new $1 million Megamart. The 12,000 square foot site on
        ARTHUR LEE  -  409 words
      • Article
        Lock icon China poised once again to play key role in US rail construction
        858 22 NYT [BEIJING] Nearly 150 years after American railroads imported thousands of Chinese labourers to build rail lines across the West, China is poised once again to play a role in American rail construction. But this time, it would
        NYT  -  858 words
      • Article
        Lock icon A long drive to global dominance for Chinese carmakers
        503 22 Competing globally will require greater innovation Reuters [HONG KONG] Chinese carmakers may have the world’s largest market to play in but face many hurdles including a shortage of original models, an overcrowded industry and a lack of overseas acquisition targets before
        Reuters  -  503 words
      • Article
        Lock icon Honda goes green with zero-emission electric scooter
        299 22 AP [WAKO, Japan] The green fad in Japan is expanding from cars to bikes with Honda’s zero-emission superquiet electric EV-neo scooter. The EV-neo, shown yesterday at Honda Motor Co’s research facility in this Tokyo suburb, zipped around emitting just a calm whirring sound,
        AP  -  299 words
      • Article
        Lock icon Japanese carmakers boost production in China
        307 22 AP [TOKYO] Japan’s largest carmakers made more cars in China last fiscal year then ever before, as surging demand in the booming Asian nation continued to drive a global recovery in car manufacturing. Due in part to the global financial crisis, China has passed
        AP  -  307 words
  • Page 20 Advertisements
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      83 20 n TRADE NOTICE This is to inform all concerned that "WSA Lines (International) Ltd., has authorised WSA Lines 2010 Pte. Ltd. as their sole agent in Singapore to issue WSA Lines Bills of Lading. WSA Lines (International) Ltd., reserves the right of legal action against unauthorized issuance of WSA Bills
      83 words
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      72 20 A Total Systems Solution for Freight Forwarding "CE Ek sr An Exclusive Invitation Join us for a Networking cum Cocktail Event at Klapsons Boutique Hotel on 30 April 2010, Friday from 6pm to 9pm and uncover opportunities. Email sales@cyberfreight.com.sg or call 6227 2497 for more event details or to RSVP.
      72 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      329 21 CRYPTIC CROSSWORD Across 1 Sweet-talk school governors demonstrating teaching aid (12) 9 Elected soldier behind closed doors (2,7) 10 High-pitched signal that makes bishop jump, reportedly (5) 11 Daughter, one receiving unexpected help in ancient city (6) 12 Make clear when one has short period abroad (5,3) 13 Bar or
      329 words
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  • Page 22 Advertisements
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      7 22 http://www.omy.sg A V a http://lifestyle.omy.sg/ simnsia http://cj.omy.sg/
      7 words
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      Lock icon Page 22 Advertisements Column 2
      144 22 MATS NOTICES HOUSING DEVELOPMENT BOARD STATE LAND PARCEL AVAILABLE FOR APPLICATION UNDER THE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are: ffi Application Details The prescribed application form is obtainable in HDB Land Sales Website at www.hdb.gov.sg/hdblandsales. Submission of the application form
      144 words
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  • MARTECH 2010
    • Article, Illustration
      Lock icon New frontiers in maritime sector
      770 23 Martech 2010 will showcase 32 papers from 12 countries on the most current and relevant maritime issues THE Martech Conference is a biennial event organised with the objective of bringing maritime professionals and businesses to network and share experiences on the application and advancement of
      STOCK.XCHNG  -  770 words
    • Article, Illustration
      Lock icon Promoting clean technology options
      1362 24  -  VINCENT WEE looks at how DNV is helping shipping firms adopt more environmentally friendly measures, thus enabling them to cut costs too In the green shipping sphere, DNV is at the forefront of green shipping and offshore design and construction which still enables the industry to
      REUTERS  -  1,362 words
    • Article, Illustration
      Lock icon Building up the superyacht market
      1107 25  -  The outlook for this segment is brighter following the recognition of its importance to the local and regional economy, writes VINCENT WEE One of the key elements in SSA’s pitch to the authorities is emphasising the importance of a superyacht culture to Singapore’s ambitions to
      1,107 words
    • Article, Illustration
      Lock icon One-stop centres at sea
      746 26  -  An NUS professor has come up with the concept of a multipurpose floating offshore bunker supply base as a novel solution to limited port space, reports VINCENT WEE VINCENT WEE RESEARCH that originated as a design to build floating container terminals has evolved into a revolutionary
      746 words
  • Page 23 Advertisements
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      85 23 Congratulations to the Singapore Maritime Academy on the launch of the Martech 2010 Exhibition! We are proud to be part of the global movement towards achieving Green Shipping standards, in the efforts to address the concerns of global warming. PRINCIPLE SPONSORS SETS THE STANDARD WIGETWORKS wing in ground effect technology
      85 words
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      319 24 PACC Offshore Services Holdings Pte Ltd PACC Offshore Services Holdings Pte Ltd (POSH) was incorporated as a wholly owned subsidiary of Pacific Carriers Limited in 2006 to diversify into the offshore oil gas industry, and is a fully integrated offshore solutions provider with a range of offshore vessels catering to
      319 words
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      Lock icon Page 24 Advertisements Column 2
      275 24 Singtel Pte Ltd SingTel Satellite offers both fixed and mobile satellite solutions to meet customers varied remote/wireless communications needs. Our solutions enable businesses in the maritime and enterprise sectors to stay connected through voice, data, fax, e-mail, Intranet/LAN extension and Internet access in remote regions where communications infrastructure is inadequate
      275 words
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  • Page 25 Advertisements
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      865 25 C-MAR Asia Pte Ltd The C-MAR Group's five core areas of business are Training, Marine, Engineering Services, Consultancy and Recruitment related to the Offshore Oil and Gas sector. Our global spread of offices includes Singapore as a hub for our Asia operations. We have in-depth experience in damage and mechanical
      865 words
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  • Page 26 Advertisements
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      1096 26 STAYING ABB Pte. Ltd. As a leading turbocharger manufacturer, ABB turbocharging highlights a range of turbocharger technologies aimed at reducing fuel consumption on large diesel and gas engines. The company is involved in retrofits enabling turbocharger cut-off to allow lower ship operating speeds to save fuel (slow steaming). Moreover, ABB
      1,096 words
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      Lock icon Page 26 Advertisements Column 2
      268 26 Product innovations and improvements to lead the way. VJ Germanischer Lloyd Singapore Pte Ltd GL is dedicated to ensuring the safety of life and property at sea, and the prevention of pollution of the marine environment. As an independent third party, GL develops state-of-the-art rules, procedures and guidance for shipowners,
      268 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9071 27 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 -0.5 174 17.5 17 17 17.5 1.7 10.6 5.5 81.4 10 4.5 5834 A-Sonic 7.5 unch 46
      9,071 words
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      Lock icon SGX CATALIST
      1899 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 6 8 38.9 6.7 25 12 8538 t APStrategic 22 +0.5 180 22 21.5 21
      1,899 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9344 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.28/ APS Alpha Fund (USD)!** 0.94/ 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 0.6743/ Asian Credit Fund 1.2469/ Asian
      9,344 words
    • Article
      Lock icon SGX ETF
      655 28 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 $mil 112 107 6389 ABF SG Bond ETF 109.5 109.1 111 499.8 883 527 CIMBAsean40 100US$ US878 -5 0 878 878 872 877 35.1 306
      655 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 28 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 $mil 56 26 6000 AVJennings A49 46 52 3.6 7.1 3.9 127.6 31 9.5 6017 Genting HK US$ US19.5 -0.5 946 20 19.5 19.5 20
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 29 In local curr In S$ In US$ dy yr dy yr dy yr Apr 26 Index Change Change Change Change Change Change World Index Preliminary 889.9 0.4 6.9 0.3 2.7 0.5 5.4 EAFE Preliminary 822.2 0.9 4.8 0.8 -1.5 1.0 1.0 Europe Preliminary 1172.0 0.6
      365 words
    • Article
      Lock icon PALM OIL
      68 29 Apr 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2568 2557 2600 2558 411 3498 Jun 10 2553 2568 2588 2545 1548 ***** Jul 10 2542 2560 2581 2535 ***** ***** Aug 10 2540 2555
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Apr 27 S$ Bid Offer 1-month 1.3697 1.3702 2-months 1.3697 1.3701 3-months 1.3697 1.3702 6-months 1.3697 1.3702 Source: OCBC
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 29 Apr 27 Open High Sett STI Apr 2992 SIMSCI Apr 356.7 357.8 355.9 Taiwan Apr 291.7 292.4 291.5 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon SIBOR
      85 29 Apr 27 (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 SGX DERIVATIVES TRADING
      374 29 Apr 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5950 0 2593 Sep10 99.4400 0 652 Dec10 99.1800 0 1340 Mar11 98.8550 0 3584 EUROYEN TIBOR FUTURES Jun10 99.6150 99.6150 99.6150 99.6150 200 4502 Sep10 99.6400 99.6400 99.6400 99.6350 0 3257 Dec10 99.6400 99.6400 99.6400
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    • Article
      Lock icon SICOM FUTURES
      175 29 Apr 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 405.0 405.0 405.0 3 Jun 10 385.5 Jul 10 345.0 343.0 349.0 49 Aug 10 345.0 Sep 10 335.0 Oct 10 330.0 TSR 20 (US cents/kg) Volume
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 29 Apr 27 Apr 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 29.07.2010 0.33 0.29 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 104.14 104.18 104.17 5-Year N*****0N 1.375
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 29 Apr 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2570 1.2950 Can dollar 1.3580 1.3740 Euro 1.8180 1.8400 NZ dollar 0.9790 1.0010 Sterling pound 2.1010 2.1260 US dollar 1.3590 1.3750 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      177 29 Apr 27 $S Offer Bid Overnight 1/16 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 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 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2442 29 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 4.5 1 15 -11 4.89 49 4085 ASJ Hldgs W*****1 5 1 4 6 1.70 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 29 Apr 27 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 6.307 0.692 7.174 41.062 83.220 0.867 10.257 2.954 1.284 77.565 41.032 1.266 6.818 0.994 28.950 29.824 0.601 0.924 Canada 1.079 6.807
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    • Article
      Lock icon PRECIOUS METALS
      139 29 Apr 27 GOLD (US$/oz) Apr 26 Apr 27 Hong Kong 1156.50 1154.40 Apr 23 Apr 26 London 1155.85 1154.95 1156.85 1155.75 Source: Thomson Reuters CAST BAR Apr 27 (S$) Selling Buying Kilobar 54,444.81 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 346.68 254 10gm 618.46
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      Lock icon INTERBANK CURRENCY RATES
      155 29 Apr 27 Apr Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2652 1.2663 0.9238 0.9243 Canadian dollar 1.3654 1.3667 0.9969 0.9976 Euro 1.8284 1.8296 1.3350 1.3355 NZ dollar 0.9849 0.9865 0.7191 0.7201 Sterling pound 2.1069 2.1083 1.5383
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      Lock icon LONDON METALS
      69 29 Apr 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2283.50 2302.50 3 months 2316.00 2334.00 Copper, Grade A (US$/tonne) Cash 7772.50 7715.00 3 months 7810.00 7750.00 Lead (US$/tonne) Cash 2330.75 2272.50 3 months 2359.00 2300.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      105 29 Apr 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 998.75 1000.00 1009.50 995.25 Jul 10 1009.00 1010.00 1020.00 1004.25 Aug 10 1005.50 1007.00 1015.75 1003.25 Sep 10 989.50 990.25 998.00 986.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.29 39.35 39.73
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      Lock icon LIFFE
      78 29 Apr 26 COCOA (£/tonne) Close Prev High/Low May 10 2328 2305 2334/2295 Jul 10 2359 2336 2368/2327 Sep 10 2324 2304 2327/2300 Dec 10 2272 2259 2276/2259 COFFEE (US$/tonne) Close Pev High/Low May 10 1289 1297 1301/1280 Jul 10 1328 1336 1336/1320 Sep 10 1363 1371 1371/1356 SUGAR (US
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      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Apr 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.11 0.13 WTI (Near Mth) 83.93 -1.17 Dubai (1-Mth F) 85.08 0.74 Tapis blend 91.95 1.10 Minas 91.40 0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 85.00 1.89 Jet Kerosene 96.45 1.30 US$/barrel Opec Oil
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  • EDITORIAL & OPINION
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      Lock icon Wall Street trumps Main Street
      493 30 EDITORIAL IN March 2008, then-presidential candidate Barack Obama said in a speech at Cooper Union that deregulation had “encouraged a winner-take-all, anything-goes mentality” and that there was urgent need for proper financial sector reform. It says something profound about the American system of governance that
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      Lock icon For India’s telcos, the best is yet to come
      807 30  -  THE BOTTOM LINE YOGI AGGARWAL ONE of the paradoxes of the fastest-growing mobile phone market in the world is that revenues are unable to keep pace with the number of phone users. Thus while in the past year mobile phones have
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      Lock icon Found in translation – the real Goldman Sachs
      993 30  - Found in translation the real Goldman Sachs To follow the bank’s testimony, all the senators need is a Goldmanese-to-English dictionary By JONATHAN WEIL The writer is a Bloomberg News columnist. The opinions expressed are his own THE key to understanding Goldman Sachs resides not in its opaque balance sheet, or
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      Lock icon Getting to grips with compliance
      1052 31  -  More information about the awarding of compliance credit will help firms promote self-policing programmes By ANDREW MARTIN, PAUL MCNULTY Andrew Martin is a principal at Baker McKenzie. Wong Leow in Singapore, and Paul McNulty is a principal at Baker McKenzie in Washington WHY should a
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      867 31  -  By MARK BILLINGTON The writer is the South East Asia regional director of the Institute of Chartered Accountants in England and Wales (ICAEW) THE Committee to Develop the Accountancy Sector (CDAS) has recently put forward its consultation report that will guide the accountancy profession in
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      Lock icon Abolish tax on dividends on Bursa
      165 31  -  LETTER TO THE EDITOR Leong Onn Kwong I REFER to the article “It’s time to re-examine the case for Bursa” (BT Weekend, April 24-25). While Malaysian stocks may look attractive, with some paying fairly good dividends, the problem is that the dividends are subject
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    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5998 32 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.
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  • executive Money
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      1107 34  -  The glow of doing a social good mixed with high returns would seem attractive to high net worth individuals, says PAUL SULLIVAN PAUL SULLIVAN [NEW YORK] THE very phrase “impact investing” sounds rapacious, but it is an emerging hybrid of philanthropy and private equity that proponents
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      601 34 Founder started by lending to the poor in Bangladesh WP [WASHINGTON] In 1976, Muhammad Yunus began making loans of a dollar or less to poor farmers and textile makers in his native Bangladesh. Thirty years later, he and the non-profit mi-cro-lender he founded, Grameen Bank,
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      1461 35  -  An asset solution should not purely maximise returns but should be relevant for all investment climates and have the highest probability of meeting retirement liabilities, with due consideration given to liquidity and inflation MONEY MATTERS AL CLARK The writer is Asia-Pacific head of multi asset, Schroder
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      131 34 OCBC Securities 1 m ,:5 i To start trading in foreign markets with and contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. Get a FREE 1 GB thumbdrive! Every 8 th person who sends an SMS* GTBT <space> Name <space> NRIC (e.g. GTBT
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      8 34 MONEY MATTERS Responsible planning for retirement PAGE 35
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