The Business Times, 4 May 2010

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Microfilm: NL30668
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, May 4,2010
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  • Article, Illustration
    Lock icon AIA agents much in demand – but not easy to entice
    702 1  - AIA agents much in demand but not easy to entice Insurer’s provident fund scheme makes it harder for rivals to lure its agents By SIOW LI SEN [SINGAPORE] Life insurers here such as Manulife are recruiting big time and their efforts may get a boost from the uncertainty facing some
    702 words
  • Article
    Lock icon MARKETS DIGEST
    137 1 ST INDEX 2,944.22 (-30.39) ST INDEX FUTURES 2,929.00 (-29.00) SIMSCI 348.64 (-4.30) SIMSCI FUTURES 346.70 (-3.90) FOREX US$ S$ US$ (S$ per US$) 1.373 (US$/S$ per 1.525 2.094 EURO (US$/S$/E) 1.324 1.818 Foreign currency per US$ S$ YEN 94.00 68.50 RM 3.207 2.335 HK$ 7.763 5.654 BAHT 32.39
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  • Article
    Lock icon S’pore casts its net wider for investors
    833 1  -  Companies from Middle East and Russia now coming here to tap into Asian growth story By TEH SHI NING [SINGAPORE] Investment interest in Singapore from non-traditional locations such as the Middle East and Russia is on the rise, as companies seek a base
    833 words
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      Lock icon Page 1 Advertisements Column 1
      110 1 US OIL SPILL Total bill may top US$14b PAGE 22 NEWATER Output to meet 40% of demand by 2020 PAGE 3 PROPERTY Office rents in Asia-Pac cities steady in Q1 PAGE 32 NEPAL HILL A centre for leadership training PAGE Creating an Asian media empire Get ready to cash in
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  • TOP STORIES
    • Article
      Lock icon ECB scraps credit-rating rule to help Greek bonds
      682 2 Bank’s decision neutralises S&P’s move to downgrade Greece’s sovereign rating to BB Reuters AFP [LONDON] The European Central Bank (ECB) yesterday suspended its minimum credit-rating threshold for the crisis-plagued Greek economy, enabling the country’s bonds to remain eligible as collateral in ECB
      Reuters; AFP  -  682 words
    • Article
      Lock icon Consumer spending up, savings rate hits 18-month low
      421 2 LATEST US DATA Reuters AP [WASHINGTON] US consumer spending rose in March for a sixth straight month as households pushed savings to a 11/2-year low, further evidence consumers were starting to take a bigger role in the manufactur-ing-led recovery. The Commerce Department
      Reuters; AP  -  421 words
    • Article, Illustration
      Lock icon United and Continental merge in US$3b deal
      492 2 It will create world’s largest airline with revenue of US$29b AP [NEW YORK] United and Continental Airlines said yesterday they are forming the world’s largest airline in a deal worth about US$3 billion. The new United would surpass Delta Air Lines in size,
      AP  -  492 words
    • Article, Illustration
      Lock icon Awards for contribution to Singapore-China ties
      495 2  -  Business China to recognise individuals and organisations By ABIGAIL KOR [SINGAPORE] If you do business in China, you or your company could be eligible for the first award of its kind one that recognises commercial contributions towards Singapore-China relations. Business China, a networking platform
      DESMOND WEE/THE STRAITS TIMES  -  495 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      552 2 Singapore casts its net wider for investors INVESTMENT interest in Singapore from non-traditional locations such as the Middle East and Russia is on the rise, as companies seek a base from which to tap Asia’s growth. There are now about 310 Middle East companies registered here, up from
      552 words
    • Article, Illustration
      Lock icon Newater will meet 40% of demand by 2020: SM Goh
      531 3  -  Fifth, largest plant opened in Changi, with capacity of 50m gallons per day By JOYCE HOOI [SINGAPORE] By 2020, it will be possible for Newater to meet 40 per cent of Singapore’s demand for water, said Senior Minister Goh Chok
      BLOOMBERG  -  531 words
    • Article
      Lock icon RBS nets a big catch to run regional ops
      479 3  -  Julian Cheong has worked for Goldman, Lehman, S’pore govt By CONRAD TAN [SINGAPORE] Royal Bank of Scotland (RBS) has appointed Julian Cheong, a former Goldman Sachs banker and Lehman Brothers executive in Asia who once worked as press secretary to Lee
      479 words
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      78 2 Fanlasy Waterbeds Pte Ltd Where Sleep Matters. No Pain, More Sleep Gained. With perfect lumbar, neck and back support, you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. II Waterbeds Latex Memory Foam Spring
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      154 3 See M1 Business Broadband improlre your business productivity. h c w 0 m 'J K rss^-k. As A w y£.\» v 4\ y X Wimj#; www.m1.com.sg/enterprise M1 Business Broadband empowers your office connectivity with next generation ultra high-speed access at up to 1Gbps. Other business benefits include value-added services such
      154 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Airline shares up 15%, beating market index
      626 4  -  Strong showing in Asia-Pacific, weak in Europe; fuel prices remain a concern By VEN SREENIVASAN AIRLINE share prices are up 15 per cent overall this year, more than double the 6 per cent rise in the FTSE Global All Cap Index. But the
      AP  -  626 words
    • Article
      Lock icon S'pore Mercantile Exchange to debut in Aug
      287 4  -  By WINSTON CHAI THE Singapore Mercantile Exchange (SMX) will usher in its first trade this August after concluding a final two-month test of its electronic trading platform. SMX announced the new launch date in a statement yesterday. The bourse was initially slated for
      287 words
    • Article
      Lock icon Li Heng hit by polyamide chips tax
      372 4  -  By LYNETTE KHOO CHINA’S anti-dumping tariffs on imported polyamide chips have hit Singa-pore-listed chemical fibre company Li Heng Chemical Fibre Technologies. Imported polyamide chips are a major raw material in its nylon yarn production. Li Heng said yesterday that it has since mitigated
      372 words
    • Article
      Lock icon Raffles Medical aims for 15-20% revenue growth
      325 4 Reuters SINGAPORE’s second largest health service company Raffles Medical Group aims to post 15-20 per cent revenue growth in 2010, banking on an ageing population and growing wealth in the city-state. The company, which generates about a third of its revenue from overseas
      Reuters  -  325 words
    • Article
      Lock icon Why not ask UOB’s Wee more questions?
      751 4  -  HOCK LOCK SIEW By SIOW LI SEN LAST Friday, both DBS Group Holdings and United Overseas Bank (UOB) held their shareholders meetings. While DBS did not see the usual tough grilling by shareholders, the board was not let off the hook entirely either.
      751 words
    • Article
      Lock icon At a glance
      88 4 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Wanxiang 2.26 0.91 146.9 29.55 18.58 59.1 2 L-Jacob 1.48 -4.54 nm 49.59 72.58 -31.7 3 RH Energy 0.63 -1.10 nm 7.03 5.86 20.0 4 San Teh 0.63 1.34 -53.1
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    • Article
      Lock icon Wilmar’s moves in China stand it in good stead
      845 5 Agribusiness giant’s margins have plenty of room to grow, say analysts ANALYSIS Reuters [KUALA LUMPUR] Singa-pore-listed Wilmar is shaping up to become the Asian version of agribusiness giant Cargill, with an expanding network of farms, food processors and shipping companies. And
      Reuters  -  845 words
    • Article, Illustration
      Lock icon Swiber wins US$148m deal in South Asia
      381 7  -  Contract involves installation of pipelines, platform modifications By KAREN NG SWIBER Holdings Limited has won its third contract for this year. Yesterday, the main-board-listed company announced a notice of award worth US$148 million (S$203 million) from an oil and gas operator in South
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    • Article
      Lock icon Macarthur shares fall as tax threatens takeover
      311 7 Reuters [MELBOURNE] Shares in miner Macarthur Coal tumbled yesterday as investors bet its suitor Peabody Energy would scrap a US$3.8 billion offer after Australia proposed to slap a massive new tax on miners. Macarthur’s shares sank 10 per cent to a low of
      Reuters  -  311 words
    • COMPANY BRIEFS
      • Article
        Lock icon SBS completes divestment of interest
        102 7 SBS Transit Ltd has completed the divestment of its 50 per cent shareholding interest in Transit Link Pte Ltd to the Land Transport Authority (LTA) for a cash consideration of $1.73 million. The audited NAV of Transit Link is $3.46 million. As the LTA has
        102 words
      • Article
        Lock icon Stamford Land secures term-loan facility
        40 7 STAMFORD Land Corporation Ltd said the group has successfully secured a A$33 million (S$41.9 million), three-year term-loan facility from CIMB Bank Bhd, Singapore branch. The facility will be used for the group’s working capital requirements.
        40 words
      • Article
        Lock icon China Taisan in share placement agreement
        81 7 CHINA Taisan Technology Group Holdings has entered into a placement agreement under which Atlantis Investment Management (Singapore) Pte Ltd will subscribe for 30 million new shares at $0.195 each. The subscription price represents a discount of approximately 8.6 per cent to the weighted average
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    • Article
      Lock icon C&G wins 550m yuan China deal
      444 7  -  It is now one of top 3 waste treatment players there By FELDA CHAY C&G Industrial Holdings said yesterday it has won a build, operate and transfer (BOT) project to treat solid waste in China’s Hubei province costing about 550 million yuan (S$110 million).
      444 words
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      720 4 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ORCOM INTERNATIONAL PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****6472C) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Take notice that Mr. Tam Chee Chong of Deloitte Touche LLP of 6 Shenton Way #32-00 DBS
      720 words
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      481 4 MATS BUY IT-SELL IT-FIND IT NOTICES TENDER NOTICE Land Bank of Taiwan, Singapore Branch invites tenders from certified public accounting firms for Statutory audit, Half year review and Qualifying loans and investment certification for financial year 2010 to 2012. Eligibility :Tenderers must be Certified Public Accountants Document Fee No charge
      481 words
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      288 5 1 story 7 days 60 one-on-ones One Credit Suisse with you all the way Credit Suisse Equities To raise capital, you need an experienced team with you every step of the way. Credit Suisse will get you in front of the right investors, help you deliver a powerful pitch, and
      288 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Greece woes continue to cast pall
      592 6  -  Nervousness prevails in the region; ST Index falls 30 points and banks lose ground STOCKS R SIVANITHY Senior Correspondent ‘DEUX ex machina was a phrase that originated when actors performing Greek tragedy on stage were lifted onto the sets using machines (cranes). However, today
      Source: Bloomberg  -  592 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 May 3 VALUE CLOSE BT OB/OS -295.00 +40.00 BT CADI -*****.00-277.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 717.27 -7.17 FTSE ST Small Cap 577.66 -7.39 FTSE ST All Share 729.09 -7.60 FTSE ST China Top 297.35 -4.12 FTSE ST China 316.25 -2.66 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Genting SP 87,176,000 Transcu Grp 82,431,000 Golden Agri 46,364,000 Yangzijiang 34,178,000 ChinaMinzhong 30,964,000 Abterra 30,217,000 Fuxing 27,460,000 CapitaLand 25,316,000 Del Monte 22,470,000 Ellipsiz 21,568,000 VALUE($) IS MSCI India 100 139,294,889 CapitaLand 93,994,430 Genting SP 81,645,530 DBS Grp 53,453,180 Yangzijiang 45,766,020 Noble Grp 44,648,652 ChinaMinzhong 37,969,860 NOL
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 30 119 58 4 12 10 34 131 68 Commerce 9 32 22 1 8 3 10 40 25 Tpt/Stor/Comms 1 33 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon SMRT Corporation.
        273 6 May 3 close: $2.15 Citi Investment Research, April 30 NON-CONSENSUS “sell”; Q4 result 41 per cent below forecast: Up 19 per cent year-to-date, outperforming the Straits Times Index by 15 per cent. SMRT swelled to 4.5 times FY10 price-to-book (P/B) versus consensus return-on-equity (ROE) 23.6 per cent, ahead
        Source: Bloomberg  -  273 words
      • Article
        Lock icon CDL Hospitality Trusts
        348 6 May 3 close: $1.98 DMG Partners Securities, May 3 Q1 FY10 results in line with expectations: CDLHT reported Q1 FY10 distribution per unit (DPU) of 2.58 cents (+18.3 per cent y-o-y; unchanged q-o-q), representing 22 per cent of our FY10 DPU forecast of 11.5 cents. We expect
        348 words
      • Article
        Lock icon Indofood Agri Resources
        307 6  -  Compiled by JAMIE LEE Agri May 3 close: $2.39 CIMB Securities, May 3 BROADLY in line: Although Q1 FY10 core net profit (excluding fo- rex gains) made up only 19 per cent and 20 per cent of consensus and our full-year forecasts, we consider the results to
        307 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,572 19,572 60,183 60,183 Manufacturing 371,809 17,302 389,111 253,044 2,171 255,215 Commerce 108,604 8,315 116,919 95,604 2,173 97,777 Tpt/Stor/Comms 85,041 1,203 86,244 164,336 189 164,525 Finance 17,267 17,267 138,233 138,233 Construction 47,027 6,646 53,673 10,424
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 2.160 -0.030 CapitaLand 3.690 -0.070 CapitaMall 1.950 -0.010 CityDev 10.600 -0.080 ComfortDelGro 1.530 -0.040 DBS Grp 15.100 -0.200 F&N 4.850 -0.080 Genting SP 0.940 -0.020 Golden Agri 0.590 HK Land 5.330 -0.020 JMH 37.200 +0.380 JSH 21.160 Jardine C&C 30.180 -0.300
      111 words
    • Article, Illustration
      Lock icon Euro dips despite new Greek aid plan
      484 6 CURRENCIES Reuters [NEW YORK] The euro fell yesterday, as a larger Greek aid package removed the threat of imminent default but failed to dispel fears about whether the euro zone country would honour new pledges for drastic wage cuts and tax increases. The
      Reuters; AFP  -  484 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5002 120.8 1.8 Thai Prime Fd 560 78.2 11.3 JMH 3720 52.2 1.0 DBXT FTChina25 10US$ 2941 45.3 1.1 GLD 10US$ ***** 39.8 0.3 DairyFarm 697 12.4 1.3 Asia Pac Brew 1430 10.0 0.7 OCBC Bk 5.1%NCPS 100 ***** 10.0 0.1
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    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4099-378.8 -6.3 Lyxor MS India 10US$ 1594-175.7 -7.4 DBXT Nifty 10US$ *****-105.7 -0.6 Lyxor China H 10US$ 1540 -43.9 -2.0 DBXT MSTaiwan 10US$ 1629 -39.8 -1.7 Jardine C&C 3018 -30.0 -1.0 Lyxor EasternEurope1 547 -24.7 -3.2 IS MSCI India 100 713 -23.3
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    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands May 3 CHNG YR 2010 CLOSE FR Apr 30 S$ LOW S$ HIGH US$ 1.3733 -0.39 1.4219 1.3680 Euro 1.8177 0.19 2.0153 1.8142 Pounds 2.0914 0.30 2.2831 2.0845 A$ 1.2721 0.07 1.2960 1.2276 Yen* 1.4599 -0.90 1.5927 1.4467 Rupiah* 0.***** -0.25 0.***** 0.***** Baht* 4.2399 -0.26
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      373 7 xJIJt aijHiBi TO? ■r r e are your smarter choice with preferred rates of return ENJOY POTENT AL RETURNS OF UP TO t PA Introducing DBS Currency Linked Investment (CLI) A short-term dual currency investment, it allows you to potentially earn higher returns, depending on your risk appetite and currency
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  • SINGAPORE NEWS
    • Article
      Lock icon Saudi tourism chief in town on official visit
      321 8  -  Prince visiting under Mid-East Eminent Persons Programme By KAREN NG PRINCE Sultan bin Salman bin Abdulaziz Al-Saud of Saudi Arabia is visiting Singapore today, and will be staying till Thursday. The president and chairman of the Saudi Commission for Tourism and Antiquities
      321 words
    • Article
      Lock icon Local innovation needed to boost biotech sector
      324 8  -  Cross-country cost advantages tend to be short-lived: E&Y By NISHA RAMCHANDANI IF SINGAPORE wants to raise the bar for its biotechnology sector, it will need to shift its focus and resources to stimulating home-grown innovation, according to a report. While Singapore stands out
      324 words
    • Article, Illustration
      Lock icon Plans to draw business schools to Nepal Hill
      690 8  -  47,000 sq m of gross floor area available, including bungalows By EMILYN YAP A RUSTIC enclave at Buona Vista is aiming to be the centre of not just hard capital, but also human capital. The government is pitching the idea of setting
      690 words
    • Article, Illustration
      Lock icon Neste Oil starts trials of advanced renewable biodiesel
      482 8  -  By RONNIE LIM NESTE Oil last week started trials of its second-gener-ation (2G) biodiesel produced from 100 per cent renewable raw materials and free of any fossil fuel components in cars in Finland ahead of the targeted start-up of its mega NExBTL
      FILE PHOTO  -  482 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Sharing experience with Kerala
        65 8 SINGAPORE is sharing its experience in urban governance and management with the Indian state of Kerala. A Kerala delegation of 15 senior government officials is here until May 7 to interact with experts from the Public Utilities Board, National Environment Agency and private-sector companies. Under the
        65 words
      • Article
        Lock icon Pact to avoid double taxation with Saudis
        73 8 SINGAPORE and Saudi Arabia yesterday signed an agreement for the avoidance of double taxation. It was signed in Riyadh by Saudi Arabia’s Minister for Finance Ibrahim A Al-Assaf and Singapore’s Foreign Affairs Minister George Yeo. The agreement includes the internationally agreed standard for
        73 words
      • Article
        Lock icon Bank Indonesia to partner Temasek
        56 8 BANK Indonesia Learning Centre and Temasek Foundation yesterday announced a partnership to train and develop master trainers. Bank Indonesia set up its learning centre this year to train about 5,000 participants annually. The programme will be conducted by the Civil Service College and the Lee
        56 words
      • Article
        Lock icon MSIG, Mitsui insurance ops merged
        68 8 MSIG Insurance has combined operations with Mitsui Sumitomo Insurance to create one company in Singapore with 465 staff. Both are wholly owned subsidiaries of MSIG Holdings (Asia). Following the integration, Margaret Yang remains CEO of MSIG Singapore. Takaaki Nakamura has become managing director. MSIG Asia,
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      617 9 The Straits Trading Company Limited: From Strength to Strength Since 1887 Celebrating the opening of the new Straits Trading Building on 4 May 2010 by MrTeo Chee Hean, Deputy Prime Minister and Minister for Defence, Singapore. It 1 mm 1 r-— 1 H i! 5=^ I r m 1 m
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  • SME Inc
    • Article, Illustration
      Lock icon Creating an Asian media empire
      945 10  -  From artiste management to film production, Fly Entertainment is leaving no stone in the media business unturned, ZEINAB YUSUF SAIWALLA finds out ZEINAB YUSUF SAIWALLA WHEN well-known celebrity Irene Ang started Fly Entertainment back in 1999, naysayers were quick to dismiss her enterprise as just
      YEN MENG JIIN  -  945 words
    • Article, Illustration
      Lock icon Eyes and ears in foreign lands
      1090 10  -  By TIMOTHY SEOW AS every economist knows, economic decisions entail a trade-off. Choose to expand into an emerging market, for example, and you might not find the copious amounts of information that come with the more developed ones. Thus, when Bio-Scaffold International (BSI), a
      YEN MENG JIIN  -  1,090 words
    • Article
      Lock icon Get ready to cash in on the upturn
      892 11  -  Remember the fundamentals and take advantage of the many government schemes available to grow your business By CHIU WU HONG The writer is executive director, KPMG Tax Services. The views contained herein are the writer’s and do not necessarily represent the views
      892 words
    • Article
      Lock icon Portfolio dips 3%; risk aversion rises
      437 11  -  By TEH HOOI LING FEW stocks escaped dumping as risk aversion rose, following the sovereign debt crisis in Europe. Only one stock in our portfolio managed to buck the downward drag of the general market. Crane specialist Tat Hong climbed by 1.9 per cent
      437 words
    • Article, Illustration
      Lock icon Building dreams together with trust
      1285 12  -  Two combine their talents to mould building, construction company DN Hybrid into a success, reports JASLENE PANG JASLENE PANG USING trust as a foundation, Desmond To and Nelson Ham have moulded building and construction company DN Hybrid into the successful entity that it is today.
      1,285 words
    • Article, Illustration
      Lock icon He promises you cleaner air to breathe
      745 12  -  By EILEEN TAY A PLANT-BASED air filter that removes toxic gases from the air and is great to look at that’s what homegrown start-up In Vitro reckons could be its breakthrough product. The Plant Breez air filter removes volatile organic compounds (VOC) emitted
      ARTHUR LEE  -  745 words
    • Article
      Lock icon Balancing cost with contribution
      1119 13 THIS WEEK’S TOPIC In March, Manpower Minister Gan Kim Yong said that the government is planning to implement an employment law by 2012 that requires firms to make hefty severance payouts to workers who have reached the retirement age of 62, but have not been offered
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      70 10 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
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      10 10 EMERGING ENTERPRISE 2010 Building dreams together with trust Page 12
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      142 11 Enjoy preferential foreign exchange rates for online transactions as low as SSI*. Business Internet Banking Enjoy real-time and preferential foreign exchange rates through Get Rate with HSBC's Business Internet Banking. Now you can do so for online transactions as low as S$1*. HSBC's Business Internet Banking also provides you with
      142 words
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      156 12 How to run a business without running out of ideas. May/June issue out now! •We explore how the World Expo in Shanghai provides opportunities for participants to showcase the best of their country and better its national image. Success Secrets Exposed A review of Niche Dominators. •Take the acquisition route
      156 words
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      58 12 This is the seventh 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
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      128 13 Voices Next week’s topic: Prime Minister Lee Hsien Loong said on Saturday that the one percentage point increase in employers' CPF contributions will be implemented in two phases half in September and half in March 2011. What are your views on the partial restoration of employers' CPF contributions? Do you
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      62 13 CONFIDENCE in one's strengths leads to CERTAINTY in one's action. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. r. f Hr v V", -Ml "if t *>• Clariden Leu SWISS PRIVATE BANKING SINCE 1755 Clariden Leu Singapore Branch 80 Raffles
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  • ECONOMY WATCH
    • Article
      Lock icon Asia-Pac factory output up
      587 14 Rising inflationary pressures expected to spur govts to tighten policy further Reuters [SYDNEY] Factories in Asia-Pacif-ic cranked up production last month, with Australia surging at its fastest pace in eight years, and mounting inflation pressures pointed to further policy tightening as the economic recovery gathers steam.
      Reuters  -  587 words
    • Article
      Lock icon Africa’s potential lures investors as growth jumps
      573 14 Banks aiming to be dealmakers as rising industrial powers eye continent Bloomberg [JOHANNESBURG] Investment in Africa from countries such as China and India has rekindled optimism in a continent that sits on the world’s biggest deposits of platinum, chrome and diamonds, attracting a
      Bloomberg  -  573 words
    • Article
      Lock icon Thai inflation slows, reducing pressure to raise rates
      339 14 Bloomberg [BANGKOK] Thailand’s inflation slowed in April, giving the central bank room to keep borrowing costs low to support an economy threatened by political unrest. An index of consumer prices rose 3 per cent last month from a year earlier after climbing
      Bloomberg  -  339 words
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      125 14 ENERGY EFFICIENT INDUSTRIES It is not just a vision, it is in your hands. Energy efficiency is fast becoming a currency for the global competitiveness of companies as it enhances long-term business competitiveness and improves bottomlines. As such, the National Environment Agency (NEA), Energy Market Authority (EMA) and Economic Development
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL affirms disputed oil blocks in Brunei areas
      597 15  -  But foreign ministry doesn’t clarify issue of rights to waters outside the blocks By PAULINE NG MALAYSIA’S Foreign Affairs Ministry (Wisma Putra) has affirmed the country’s recognition of two previously disputed oil blocks as within Brunei’s maritime areas under Exchange of Letters
      597 words
    • Article, Illustration
      Lock icon Indonesia to raise electricity tariffs by 10% in July
      386 15 Bloomberg [JAKARTA] Indonesia plans to raise electricity tariffs by 10 per cent in July because of higher oil prices. It will be the first increase since 2003. “We need to raise electricity tariffs to reduce the cost of subsidies in our
      Bloomberg; AFP  -  386 words
    • Article
      Lock icon Genting Malaysia to post weaker profit
      298 15 Bloomberg [KUALA LUMPUR] Genting Malaysia Bhd, owner of Malaysia’s only casino, may post “weaker” earnings in the second half because of competition from two new gaming resorts in Singapore, Maybank Investment Bank Bhd said. “Watch out for a weaker second half,” Teh Chi Chang,
      Bloomberg  -  298 words
    • Article
      Lock icon M’sia group may sell bonds for RM50b highway bid
      281 15 Bloomberg [KUALA LUMPUR] A group of Malaysian businessmen said they would sell bonds to help finance a potential RM50 billion (S$21 billion) bid to take over all the country’s toll-road operators. The consortium, Asas Serba Sdn, said it’s awaiting government approval
      Bloomberg  -  281 words
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      209 15 -> Never let risk restrain i your potential GERRARD KATZ Head of FX Trading, North East Asia, Standard Chartered Bank Vv ~C JF Where others see peril, Standard Chartered's Gerrard Katz sees potential. Using the risk management products of CME Group the world's largest and most liquid regulated market for
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      759 16/17 BT ADVERTORIAL Top of the line: The award-winning Sembcorp NEWater Plant has a capacity of a whopping 228,000 cubic metres a day Sembcorp NEWater Plant, S’pore’s largest, goes full stream One of the world’s largest water recycling plants, its full completion marks a key milestone in the nation’s vision of
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      2616 16/17 BT ADVERTORIAL Sembcorp grows with the flow TREATING industrial wastewater for re-use and converting seawater to drinking water are all in a day’s work for Sembcorp Industries (Sembcorp). After all, the largest water management company in Singapore has more than four million cubic metres of water per day in operation
      2,616 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China says it takes danger of overheating seriously
      606 18  -  Firms encouraged to invest overseas, easing pressure on external account By ANTHONY ROWLEY CHINA is taking the danger of economic overheating seriously and will do everything in its power to stop it happening, Vice-Finance Minister Li Yong said yesterday during the Asian
      AFP  -  606 words
    • Article
      Lock icon Chinese bubble set to burst: Marc Faber
      342 18 Bloomberg [HONG KONG] Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the country’s property bubble is set to burst. The Shanghai Composite Index has failed to regain its 2009
      Bloomberg  -  342 words
    • Article
      Lock icon Inflation, not rupee rise, the big worry: India
      424 18 Bloomberg [TASHKENT] The Indian rupee’s longest winning streak in three years isn’t a “major concern” for exports, Finance Secretary Ashok Chawla says, pointing to inflation as a bigger challenge for policymakers. The Reserve Bank of India (RBI) is studying the movement of
      Bloomberg  -  424 words
    • Article
      Lock icon China’s anti-bubble move not enough
      418 18 Higher bank reserve ratios no impact on rates and yuan peg Bloomberg Reuters [BEIJING] China’s third increase of bank reserve ratios this year left benchmark interest rates and the yuan’s peg to the dollar unchanged, risking the need for more concerted effort to contain property
      Bloomberg; Reuters  -  418 words
    • Article, Illustration
      Lock icon Yuan may rise in two months: Ex-US official
      251 18 Bloomberg [SHANGHAI] China may let the yuan gain in the next 2-3 months as the government seeks to demonstrate progress on exchange-rate policy to its trading partners, says Frank Lavin, a former undersecretary for international trade at the US Department of Commerce.
      Bloomberg  -  251 words
    • Article
      Lock icon Pakistani found guilty in Mumbai terror attacks case
      345 18 Reuters Bloomberg [MUMBAI] An Indian court yesterday found a Pakistani man guilty of involvement in the 2008 Mumbai attacks that killed 166 people and strained ties between the nucleararmed neighbours. The court found Mohammad Ajmal Kasab, the lone surviving gunman from the
      Reuters; Bloomberg  -  345 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Glencore mulls merger with Xstrata and IPO
      586 19 Merger will help the commodities trader fund activities, ease liquidity constraints Bloomberg [LONDON] Glencore International AG, the world’s largest commodity trader, is studying a merger with Xstrata plc as a way to restructure its ownership and improve access to capital, according to two
      Bloomberg  -  586 words
    • Article
      Lock icon Vietnam may outdo target with 7.2% growth
      247 19 Bloomberg [HO CHI MINH CITY] Vietnam’s economy may expand 7.2 per cent this year, the fastest pace since 2007 and more than the government’s target, according to HSBC Holdings Plc. Gross domestic product in the South-east Asian nation gained 5.8 per cent in
      Bloomberg  -  247 words
    • Article
      Lock icon Banks buying Treasuries to shore up loans income
      545 19 Record gap between borrowing costs and yields on US debt Bloomberg [NEW YORK] Banks are increasing purchases of US government securities to pump up profits while lending to businesses languishes near the lowest levels since credit markets started to freeze almost three
      Bloomberg  -  545 words
    • Article, Illustration
      Lock icon New resources tax spooks Aussie miners
      508 19 AFP [SYDNEY] Australian mining stocks dived yesterday after the government announced a 40 per cent tax on the huge profits from the resource boom, which the industry warned would put projects at risk. The government said on Sunday that it planned to impose the
      AFP; REUTERS  -  508 words
    • Article, Illustration
      Lock icon Bailout cuts default risk, but confidence remains shaky
      880 20 It is also unclear if Greece can survive the austerity and remain in euro zone GREEK DEBT CRISIS Reuters [ATHENS] A 110 billion euro (S$199 billion) plan to bail out Greece reduces the risk of a debt default this year but is
      Reuters; BLOOMBERG  -  880 words
    • Article
      Lock icon Debt debacle casts large shadow over euro zone
      859 20 Reuters [LONDON] Whatever ultimately happens in the Greek debt crisis, investors are having to come to grips with an unstable euro zone they had not bargained for. A knife-edge British election, a European Central Bank (ECB) meeting and monthly US jobs data
      Reuters  -  859 words
    • Article
      Lock icon Abhisit to hold elections in November
      581 20 AFP AP [BANGKOK] Thailand’s prime minister said yesterday he was ready to hold elections in November to end a tense stand-off with opposition protesters, subject to certain conditions under his reconciliation roadmap. The five-point plan calls for respect for the monarchy, greater social equality,
      AFP; AP  -  581 words
    • Article, Illustration
      Lock icon ADB president calls on Asian countries to focus on consumer demand
      355 20 He also urges more action to combat climate change AFP [TASHKENT, Uzbekistan] Asian Development Bank (ADB) president Haruhiko Kuroda yesterday urged Asia’s economies to focus less on exports and more on meeting regional consumer demand, without overlooking environmental concerns.
      AFP; XINHUA  -  355 words
    • Article
      Lock icon Estrada slams uprising talk in Philippine elections
      414 20 Aquino’s supporters threaten to take to the streets if he loses AFP [MANILA] Former Philippine leader Joseph Estrada insisted yesterday he could cause a major upset and win next week’s presidential election, as he slammed the frontrunner for threatening a popular uprising if
      AFP  -  414 words
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      213 19 D iscover a better way to USA with ANA V P C>v SAN FRANCISCdp-x CHICAGO TOKYO NEW YORK HONOLULU r^f ANGELES INGAPORE o WASHINGTON, D.C. LOS Flying with ANA is an experience like no other. With our convenient connections and unrivalled Japanese hospitality, every trip is a memorable one. What's
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  • Page 21 Advertisements
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      259 21 DESTINATION lUBIIEE Ghana s First FPSO Ghana's first Floating Production Storage and Offloading (FPSO) unit was officially named FPSO Kwame Nkrumah MV21 by the First Lady of the Republic of Ghana, Mrs Ernestina Naadu Mills, on May 1, 2010. Converted from the VLCC tanker Ohdoh by Jurong Shipyard for MODEC,
      259 words
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  • WORLD
    • Article
      Lock icon Total bill of US oil spill could top US$14b
      873 22 BP spending US$6m a day on cleanup but this will soar when slick hits land Reuters [LONDON] The total bill related to the oil spill drifting toward Louisiana from a well operated by BP plc in the Gulf of Mexico, could
      Reuters  -  873 words
    • Article, Illustration
      Lock icon Katrina’s lessons frame Obama oil response
      642 22 Bush’s botched response an irresistible comparison OIL SPILL AFP [WASHINGTON] Hurricane Katrina’s role in destroying the Bush administration is offering a daunting lesson, as President Barack Obama confronts the deepening oil catastrophe in the Gulf of Mexico. The White House dismisses analogies between the
      AFP; AP  -  642 words
    • Article, Illustration
      Lock icon Tailor to glitterati soldiers on
      866 22 Italy’s Brioni adapts to crisis, expands to markets like China AFP [PENNE DI PESCARA, Italy] Brioni, the go-to couturier for the likes of Donald Trump, Prince Andrew and Nelson Mandela, has soldiered on through the global recession doing what it does best, producing hand-sewn bespoke
      AFP  -  866 words
    • Article
      Lock icon Britain on track for hung parliament, opinion polls show
      499 22 Conservatives’ lead halved to 5 points over the weekend UK ELECTION Reuters [LONDON] Opinion polls yesterday indicated Britain remained on course for a parliament with no outright majority, raising the rare prospect of a minority or coalition government after Thursday’s election.
      Reuters  -  499 words
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  • AVIATION
    • Article, Illustration
      Lock icon American seeks alliances as it faces size disadvantage
      530 23 Its likely alliance partners include US Airways and JetBlue Airways Bloomberg [NEW YORK] AMR Corp’s American Airlines, once the world’s largest carrier by traffic, may pursue alliances to win more passengers as rivals’ mergers erase its former size advantage, analysts said. Possible
      Bloomberg; AP  -  530 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2802 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Ahmedabad NH6292 1900 --SQ530 1900 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410 0605
      2,802 words
    • Article
      Lock icon AirAsia to shift to new terminal by 2012
      252 23 AFP [KUALA LUMPUR] Malaysian budget carrier AirAsia will move to a new low-cost terminal at Kuala Lumpur’s international airport by March 2012, a year later than planned, the airline said. But AirAsia CEO Tony Fernandes said he was “thrilled” with an agreement
      AFP  -  252 words
    • Article
      Lock icon Air New Zealand, Virgin Blue unveil alliance deal
      466 23 AP Bloomberg [WELLINGTON] National carrier Air New Zealand and Australian budget operator Virgin Blue announced an alliance yesterday, signalling an intensifying battle with Qantas for dominance of the region’s market. The deal, which requires regulators’ approval, includes code sharing on routes between
      AP; Bloomberg  -  466 words
    • Article
      Lock icon Boeing sees Mid-East demand
      472 23 Bernama [DUBAI] Boeing says airlines in the Middle East will continue to defy global trends and are set for fast-paced growth, expanding their cargo and passenger-carrying capacities by investing significantly in 980 twin-aisle airplanes. In its Current Market Outlook (CMO), which was released here on Sunday,
      Bernama  -  472 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      336 23 CRYPTIC CROSSWORD Across 1 Attractive European’s main point (8,4) 8 A couple of reps imprisoned in brand-new tower (7) 9 Succeeds in getting a first in theology it’s an original (7) 11 Start to relax on living room chair (7) 12 Piece of legislation, say, covering Utah (7) 13 Lots
      336 words
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  • Page 24 Advertisements
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      27 24 Shipping lines seeking reliable Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      27 words
  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3570 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      3,570 words
    • Article
      Lock icon Somali Islamic militia vows to end piracy
      496 25 Pirates move three hijacked ships after hideout seized by militia AFP [MOGADISHU] A hardline Islamic militia pledged yesterday after seizing control of one of Somalia’s main pirate hubs to end piracy in the region by imposing syariah. A day after the Hezb al-Islam
      AFP  -  496 words
    • Article
      Lock icon Ancient China sea traders smuggled goods?
      385 25 Xinhua [GUANGZHOU] Archaeologists working on the wreck of a 400-year-old merchant vessel off south China have found evidence that Chinese merchants probably flouted bans on foreign trade at the time. The salvage team has recovered more than 800 pieces of antique porcelain and copper
      Xinhua  -  385 words
    • Article, Illustration
      Lock icon US move to clean up spill-tarred ships
      489 25 Cleaning point likely for vessels moving up Mississippi River AFP [NEW ORLEANS] The US Coast Guard is considering a plan to set up a cleaning station for cargo ships and tankers moving up the Mississippi River which could become coated with oil gushing
      AFP  -  489 words
    • Article
      Lock icon HK cargo ship sinks after collision
      125 25 AFP [BEIJING] A Hong Kong-registered cargo ship sank off China’s Shandong province on Sunday after colliding with an Indian-crewed freighter, but all crew members were rescued, the Xinhua news agency reported. The cause of the collision was not immediately clear but it may have
      AFP  -  125 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 25 SGX '000 May 3 S$ +/-Vol CH Offshore 0.66 -0.01 1766 Chuan Hup Hldg 0.29 -0.01 7 Cosco Corp 1.72 -0.03 ***** CWT Ltd 0.95 -0.02 406 Ezra Hldgs 2.02 -0.07 7680 First Ship Lea 0.61 unch 1165 Freight Links 0.05 -0.01 80 Grand Banks 0.45 -0.01 30
      278 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon How will the NPT review go this time?
      493 26 EDITORIAL DIPLOMATS representing 189 signatories to the Nuclear Non-Proliferation Treaty (NPT) and well as nongovernmental leaders assembled in New York yesterday to discuss new mechanisms aimed at improving implementation of the treaty that is at the centre of the global collective security
      493 words
    • Article, Illustration
      Lock icon Can there be too much service friendliness ?
      954 26  - Can there be too much service friendliness Service people should temper their body language according to what the customer prefers LEE YIH HWAI The writer is associate professor, marketing, at NUS Business School. He specialises in consumer behaviour with particular emphasis on the marketing promotions domain. Elison Lim collaborated with
      YEN MENG JIIN  -  954 words
    • Article, Illustration
      Lock icon Next UK government must shift focus to Asia
      836 26  -  THE BOTTOM LINE DAVID MASON The writer, a former partner of Price Waterhouse Singapore, runs his own consulting business in the UK. E-mail boss@mcewenmasons.demon.co.uk THE British general election has become interesting. A few weeks ago, the Conservatives were odds on to take
      836 words
    • Article, Illustration
      Lock icon Tips for Asian giants from Singapore
      1093 27  -  To become world economy leaders, India and China must shift gears to competence based on innovation, not cheap labour By JAYAN JOSE THOMAS The writer is an associate professor at the Central University of Kerala, Kasaragod, India. He can be contacted at jayanjthomas@gmail. com
      AP  -  1,093 words
    • Article, Illustration
      Lock icon EFTA remains relevant to businesses
      728 27  -  By JOERG AL REDING, MATTHIAS SCHAUB Joerg Al Reding is Ambassador of Switzerland to Singapore and Matthias Schaub is a PhD student, University of St Gallen, School of Economics, Switzerland FIFTY years ago, on May 3, 1960, Western European countries which were not members of
      REUTERS  -  728 words
  • Page 26 Advertisements
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9018 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5 3148 8Telecom 17.5cd -0.5 150 17.5 17 17 17.5 1.7 10.3 5.6 83.8 10 5 5834 A-Sonic 7.5 7 8
      9,018 words
    • Article
      Lock icon SGX CATALIST
      1673 29 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 6 8 38.9 6.7 25 12 8538 t APStrategic 19.5 -1 5 19.5 19 19
      1,673 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9324 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.27/ APS Alpha Fund (USD)!** 0.93/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.6673/ Asian Credit Fund 1.2486/ Asian
      9,324 words
    • Article
      Lock icon SGX ETF
      654 29 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 109.6 -0.4 10 109.6 109.6 109.6 111 500.3 883 547 CIMBAsean40 100US$ US861 867 872 34.4 306
      654 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 29 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A46.5 45 50 3.6 7.5 3.7 121.1 31 11 6017 Genting HK US$ US20.5 +0.5 735 20.5 20 20 20.5
      255 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 30 In local curr In S$ In US$ dy yr dy yr dy yr Apr 30 Index Change Change Change Change Change Change World Index Preliminary 874.2 -0.2 5.0 0.1 0.9 -0.1 3.3 EAFE Preliminary 800.8 -0.1 2.0 0.3 -4.2 0.2 -1.9 Europe Preliminary 1132.5 -0.6
      365 words
    • Article
      Lock icon INTERBANK RATES
      183 30 May 3 May $S Offer Bid Overnight 0.05 par 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 0.10 US$ Offer Bid 7 days 0.31 0.26 1 month 0.38 0.28 2 months 0.39 0.29 3 months 0.43 0.33 6 months 0.55 0.45 9 months 0.95 0.75
      183 words
    • Article
      Lock icon USS/SS FORWARD RATES
      22 30 May 3 S$ Bid Offer 1-month 1.3724 1.3738 2-months 1.3724 1.3738 3-months 1.3724 1.3738 6-months 1.3723 1.3738 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      122 30 May 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 365.0 Jul 10 331.9 Aug 10 324.9 20 Sep 10 314.0 Oct 10 310.0 20 Nov 10 310.0 20 Dec 10 310.0 20 Jan 11 310.0 Feb
      122 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 30 May 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 05.08.2010 0.31 0.26 0.26 1-Year BY*****W 03.05.2011 0.41 0.40 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.15 104.19 104.19 5-Year N*****0N 1.375
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    • Article
      Lock icon CHICAGO BOT
      106 30 Apr 30 Apr SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 989.50 985.75 992.25 983.00 Jul 10 999.00 996.00 1002.25 992.00 Aug 10 997.50 994.00 1000.00 990.75 Sep 10 983.75 979.50 985.50 978.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.58 38.80
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Apr 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.08 -0.70 WTI (Near Mth) 86.11 0.87 Dubai (1-Mth F) 86.06 0.77 Tapis blend 92.55 0.60 Minas 91.70 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 85.00 1.06 Jet Kerosene 97.15 1.60 US$/barrel Opec Oil
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 30 May 3 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2570 1.2890 Can dollar 1.3470 1.3630 Euro 1.8090 1.8290 NZ dollar 0.9770 0.9980 Sterling pound 2.0850 2.1090 US dollar 1.3630 1.3780 Local dollars to 100 units of
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    • Article
      Lock icon STOCK INDEX FUTURES
      30 30 May 3 Sett Open High Sett STI May 2932 2932 2929 SIMSCI May 350.6 350.8 346.7 Taiwan May 285.5 286.7 283.0 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 30 May 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2580 2589 2580 2567 258 2564 Jun 10 2555 2563 2575 2555 2197 9866 Jul 10 2542 2554 2565 2542 5879 ***** Aug 10 2541 2543
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      341 30 May 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5400 0 2348 Sep10 99.3950 0 1242 Dec10 99.1850 0 1096 Mar11 98.9150 0 3516 EUROYEN TIBOR FUTURES Jun10 99.6300 99.6300 99.6300 99.6250 114 4991 Sep10 99.6450 0 3042 Dec10 99.6500 0 1418 Mar11 99.6350 0
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 30 May 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.942 6.327 0.700 7.197 41.326 83.694 0.871 10.370 2.973 1.270 77.979 41.254 1.273 6.851 1.003 29.114 30.023 0.608 0.927 Canada 1.062 6.719
      466 words
    • Article
      Lock icon SIBOR
      85 30 May 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 May 3 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2719 1.2738 0.9268 0.9273 Canadian dollar 1.3509 1.3525 0.9843 0.9845 Euro 1.8169 1.8189 1.3239 1.3241 NZ dollar 1.0014 1.0028 0.7297 0.7300 Sterling pound 2.0928 2.0950 1.5249
      155 words
    • Article
      Lock icon PRECIOUS METALS
      138 30 May 3 GOLD (US$/oz) Apr 30 May 03 Hong Kong 1173.70 1178.70 Apr 29 Apr 30 London 1164.55 1179.35 1165.55 1180.35 CAST BAR May 03 (S$) Selling Buying Kilobar 55,595.06 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 124.12 52 5gm 353.1 259 10gm 631.3 519 20gm 1189.84
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    • Article
      Lock icon LONDON METALS
      71 30 Apr 30 Apr 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2225.00 2168.50 3 months 2255.00 2200.00 Copper, Grade A (US$/tonne) Cash 7396.50 7319.25 3 months 7430.00 7355.00 Lead (US$/tonne) Cash 2202.75 2204.00 3 months 2230.00 unch Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      78 30 Apr 30 COCOA (£/tonne) Close Prev High/Low May 10 2370 2364 2370/2355 Jul 10 2403 2396 2404/2388 Sep 10 2353 2354 2360/2340 Dec 10 2304 unch 2312/2299 COFFEE (US$/tonne) Close Pev High/Low May 10 1292 1282 1295/1275 Jul 10 1335 1322 1339/1316 Sep 10 1370 1356 1373/1351 SUGAR (US
      78 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2360 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 -0.5 500 1 15 -3 4.88 48 4085 ASJ Hldgs W*****1 4.5 unch 100 1 4 1.89 21 2036 Advance SCT Ltd W*****9 0.5 1
      2,360 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Detroit pushes ahead to renew dying districts
      1085 31 Plan includes tearing down thousands of vacant houses AP [DETROIT] Dennis Talbert turns onto Heyden Street toward the safety and security of his modest wood bungalow at the far end of the block. But first he must pass through a wasteland. Twenty weed-infested
      AP  -  1,085 words
    • Article
      Lock icon Surge in Aussie home prices tops forecasts
      503 31 Economists expect quarter point rate hike at central bank meeting today Bloomberg [SYDNEY] Australian house prices rose more than estimates in the three months through March, increasing the likelihood of the central bank boosting borrowing costs today. An index measuring the weighted average
      Bloomberg  -  503 words
    • Article, Illustration
      Lock icon Office rents in Asia-Pac cities steady in Q1
      416 32  -  S’pore rents up 0.5% but upcoming supply will weigh down on market, says Colliers By EMILYN YAP OFFICE rents across most Asia Pacific cities rose or stayed flat in the first quarter, indicating that the worst may be over for the commercial
      FILE PHOTO  -  416 words
    • Article
      Lock icon Real estate funds unable to invest US$80b: research firm
      277 32 Bloomberg [SEATTLE] Private-equity funds that buy real estate have as much as US$80 billion they have been unable to invest because of the difficulty in finding deals, and some of that may be lost if it’s not spent this year, according
      Bloomberg  -  277 words
    • Article
      Lock icon Swire Pacific to raise up to HK$20.8b in IPO
      625 32 HK Island’s biggest commercial landlord to sell 13.8% stake Bloomberg [HONG KONG] Swire Properties Ltd, landlord to Time Warner Inc and Societe Generale in Hong Kong, seeks to raise as much as HK$20.8 billion (S$3.7 billion) in what would be the
      Bloomberg  -  625 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      132 31 OFFICE SPACE FOR REGENCY HOUSE r •N> I IT Isf 1$ i if 1* tik i i if Si u» c A rcy TTTTT/ s f 1 *1? Unit sizes from 1,700 sq ft to 8,030 sq ft Minutes walk to Dhoby Ghaut and Somerset MRT Stations Conveniently located near
      132 words
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      Lock icon Page 31 Advertisements Column 2
      211 31 Singapore Isavillsl 1 r BL 'SCOTTS HI -IHPARK' Junior Penthouse, Approx. 4112 sq ft Breathtaking Goodwood Hill View Brand new and vacant Easy access to both Integrated Resorts •5 Minutes drive to Orchard Road Next to Newton MRT Station, Scotts Road For more information, please call Samuel Eyo +65 9815
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      318 31 GCB Land Swettenham Road Land Size 25,800 sqft Ideal for rebuild Vacant Possession Privacy Elevated land Lush greenery Appointed Sole Agent Citiprop Pacific Juliet 9230 1725 .Si V5 7 a; 3 QJ 1 v£- kk. O t/i i| •z (U I—i/) 111 <-» .2 z W LLI <u Q. UJ
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      406 31 GCB Land Mt Echo Park Land Size 16,826 sqft Ideal for rebuild Vacant Possession Quiet ambience North/East facing Appointed Sole Agent Citiprop Pacific KC Ng 9853 1001 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF REGIONAL TANKS PTE LTD Co. Reg. No.*****6535E (In
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      120 32 IMMzDIA AT INNOVATION PLACE Brand New Freehold Factory Located at Mandai Estate Sizes from 1,432 sq ft Near Kranji and Yew Tee MRT Stations Ideal for office, showroom, warehouse production Good corporate image Immediate Occupation m Mandai Estate IMM-DIA EUNOS TECHNOLINK Ground Floor Convenience Prime frontage facing Eunos Link Sizes
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      333 32 Hilltop Residential Site Ideal for Strata Landed Housing 46 IS301.0 C.P. 4250 *VENU i.379 7859 7 1152.5iqm 786<* 6 20 J5-2 sqm CP. ***** 6 20 C.P. J05S1 r 1833 786C tv:.. 989-2 W" 616-0 2 c C P. ***** B34 <' r v 7963 90.2 squ 6 20 C.P.
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