The Business Times, 6 May 2010

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Microfilm: NL30668
Total Pages: 32
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 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, May 6,2010
    23 words
  • Article, Illustration
    Lock icon Hiccup could blow Pru listing date
    587 1  -  Launch of rights issue delayed as talks with UK regulator continue; timing of AIA deal not affected By SIOW LI SEN [SINGAPORE] Prudential’s May 11 listing on the Singapore Exchange heralded as a major event for the bourse could be postponed following a regulatory
    REUTERS  -  587 words
  • Article
    Lock icon Moody’s puts Portugal on watch for debt rating cut
    285 1 [LISBON] Portugal, striving to avoid becoming the next victim of Europe’s debt crisis, was yesterday put on standby for a credit rating downgrade. The news comes even as the government managed to raise some 500 million euros (S$900 million) on the
    285 words
  • Article
    Lock icon New Century may face criminal prosecution
    659 1  -  If company broke the law, MAS says it will take appropriate regulatory action By MICHELLE QUAH [SINGAPORE] New Century Shipbuilding which yanked its initial public offering (IPO) at the eleventh hour two days ago could now possibly face criminal action from the Monetary Authority
    659 words
  • Article
    Lock icon MARKETS DIGEST
    138 1 ST INDEX 2,860.31 (-40.87) ST INDEX FUTURES 2,849 (-39) SIMSCI 338.06 (-4.49) SIMSCI FUTURES 335.90 (-4.40) FOREX US$ S$ US$ (S$ per US$) 1.385 (US$/S$ per 1.513 2.095 EURO (US$/S$/E) 1.294 1.793 Foreign currency per US$ S$ YEN 94.60 68.30 RM 3.233 2.334 HK$ 7.766 5.607 BAHT 32.36
    138 words
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  • TOP STORIES
    • Article
      Lock icon Gains soar for condo subsales at Sentosa Cove
      1222 2  -  Only one subsale so far this year has resulted in a loss of $167,000 By KALPANA RASHIWALA [SINGAPORE] Increases in property prices on Sentosa Cove, especially since the start of this year, have buoyed gains from subsale deals in the location. The
      1,222 words
    • Article, Illustration
      Lock icon Indonesia finance chief leaves; setback for reform
      878 2 Sri Mulyani moving on to be MD of World Bank Group Reuters AFP [JAKARTA] Indonesian Finance Minister Sri Mulyani Indrawati, a key reformer in South-east Asia’s biggest economy, is leaving office in what could be a major blow to a crackdown on graft
      Reuters; AFP; AP  -  878 words
    • Article
      Lock icon PICTET FUNDS
      267 2 Pictet-Absl Rtn Glo Cons-P EUR 30.04.2010 EUR 98,15 Pictet-Absl Rtn Glo Div-P EUR 30.04.2010 EUR 109,12 Pictet-Asian Equities Ex Japan-P USD 30.04.2010 USD 168,55 Pictet-Asian Local Currency Debt-P USD 30.04.2010 USD 132,69 Pictet-Biotech-P USD 30.04.2010 USD 303,73 Pictet-CHF Liquidity-P 30.04.2010 CHF 124,19 Pictet-Clean Energy-P USD 30.04.2010 USD 81,22
      267 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      483 2 Hiccup could blow Pru listing date PRUDENTIAL’S May 11 listing on the Singapore Exchange could be postponed following a regulatory snag over its rights issue. The British insurance giant, which needs to raise US$21 billion to help pay for its US$35.5 billion acquisition of AIA, said yesterday it
      483 words
    • Article
      Lock icon A perfect storm on Wall Street
      946 4  -  Biggest sell-off in 3 months comes despite encouraging US economic reports By ANDREW MARKS AFTER more than two months of almost complacent rallying, Wall Street was primed for a big sell-off this week. It got one on Tuesday. Stocks collapsed that day in the
      946 words
    • Article, Illustration
      Lock icon Voice grows to allow orderly defaults in EU
      597 4 Move in Germany to push for sanctions on countries that breach deficit rules Bloomberg [BERLIN] German Chancellor Angela Merkel’s coalition stepped up calls for allowing the “orderly” default of euro-region member states burdened with debt to avoid a repeat of the Greek
      Bloomberg; BLOOMBERG  -  597 words
    • Article
      Lock icon Markets battered, euro tumbles as Greek contagion fear spreads
      740 4 AFP Reuters [HONG KONG] Fears of contagion caused by Greece’s debt crisis sent global stock markets into a tailspin yesterday while the euro sank to a fresh one-year low. The MSCI gauge of equities in 23 developed nations declined 0.8 per
      AFP; Reuters  -  740 words
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      29 words
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      21 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
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  • Page 3 Advertisements
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      171 3 Alba puts you in the heart of one of the world's most famous shopping destinations Orchard Road. Designed by the award-winning US architectural firm Arquitectonica, Alba is an exclusive collection of 50 freehold residences located at 8 Cairnhill Rise. With a bespoke white plan, you have the luxury of creating
      171 words
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      408 4 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES u oceanus Oceanus Group Limited 61 Robinson Road, #12-03 Singapore *****3 Tel: +65 6837 0568 Fax: +65 6837 2660 OCEANUS GROUP LIMITED (The "Company") (Incorporated in the Republic of Singapore) Company Registration Number: *****5793D 2 nd TDR PROGRAMME ANNOUNCEMENT OF EXTENSION OF APPLICATION
      408 words
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      199 5 Introducing Citigold Private Client. A new standard in wealth management services Citigold Private Client is a unique wealth management offering that is exclusively designed for the discerning few with portfolios of $1 million to $10 million. You will have access to professional and personalised wealth advisory expertise along with the
      199 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC Q1 net up 24% at $676m
      650 6  -  Higher fees, lower loan provisions boost earnings By CONRAD TAN OCBC Bank’s first-quarter net profit rose 24 per cent year on year to $676 million beating analysts estimates due to higher fee income and lower charges for bad loans as the economy recovered.
      ARTHUR LEE  -  650 words
    • Article
      Lock icon Rise in SGX’s April trade volume, value
      278 6  -  By JAMIE LEE MONTHLY turnover on the Singapore Exchange has picked up momentum in both volume and value terms. April saw 41.1 billion units traded with a value of $35.3 billion, up 18 per cent and 34 per cent respectively from a year
      278 words
    • Article
      Lock icon Sobering lessons from an IPO fiasco
      648 6  -  HOCK LOCK SIEW By MICHELLE QUAH NEW Century Shipbuilding’s sudden withdrawal of its initial public offering (IPO) here on Tuesday night has taught us some key lessons and served as a wake-up call for all investors. It has taught us that the regulatory regime
      648 words
    • Article, Illustration
      Lock icon SATS profit surges as revenue hits record
      596 7  -  Full-year results get boost from SFI consolidation and offshore associates By VEN SREENIVASAN FULL consolidation of Singapore Food Industries (SFI) and stronger contribution from offshore associates boosted the results of mainboard-listed Singapore Airport Terminal Services (SATS) during a year when its aviation business
      596 words
    • Article
      Lock icon Hyflux Q1 profit up 25% on higher M-E sales
      343 7  -  By CHEW XIANG HYFLUX Ltd’s first quarter net profit rose 25 per cent to $6.4 million from $5.1 million a year ago. Turnover for the three months ended March 31 increased 15 per cent to $101.3 million from $88.2 million. The
      343 words
    • Article
      Lock icon Cascal board director quits amid Sembcorp takeover bid
      479 7  -  By CONRAD TAN CASCAL, a New York-listed water company that has sued Sembcorp Industries to prevent a hostile takeover, said that its spokesman Michael Wager has resigned from its board. Mr Wager, a non-execu-tive director of Cascal since 2008, will take on
      479 words
    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon Greek-related selling batters STI
        573 8  -  Index’s three-day loss totals 114.3 points; broad market sustains widespread weakness STOCKS R SIVANITHY Senior Correspondent A 2.1 per cent loss for Hong Kong’s Hang Seng Index and a sea of red across Europe when markets there opened in the afternoon meant the local market had
        Source: Bloomberg  -  573 words
      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 8 DAILY
        4 words
      • Article
        Lock icon OTHER SINGAPORE INDICES
        63 8 May 5 VALUE CLOSE BT OB/OS -1021.00-271.00 BT CADI -*****.00-299.00 BT 10-day MA -*****.00-103.00 FTSE ST Mid Cap 701.50 -6.13 FTSE ST Small Cap 559.00 -9.98 FTSE ST All Share 708.88 -9.67 FTSE ST China Top 283.63 -7.62 FTSE ST China 300.65 -9.84 FTSE ST Catalist 1200.19
        63 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 4 0 0 0 2 11 4 Manufacturing 21 123 56 1 12 14 22 135 70 Commerce 6 32 26 2 4 6 8 36 32 Tpt/Stor/Comms 5 30 7
        186 words
      • BROKERS’ TAKE
        • Article, Illustration
          Lock icon Singapore Technologies Engineering
          372 8 May 5 close: $3.10 CIMB-GK RESEARCH, May 5 Q1 2010 net profit of $92.8 million (up 9 per cent y-o-y) was below our initial expectations of $112 million and consensus ($121 million), forming 19 per cent of our 2010 forecast. The star segments were Marine and Electronics,
          Source: Bloomberg  -  372 words
        • Article, Illustration
          Lock icon First Ship Lease Trust
          449 8  -  Compiled by CONRAD TAN Ship May 5 close: $0.52 DBS GROUP RESEARCH, May 5 UNEXPECTED counterparty issues: First Ship Lease Trust (FSLT) has been requested to take immediate re-delivery of two of their vessels by charterer Groda Shipping, much before the scheduled charter expiry of November
          Source: Bloomberg  -  449 words
      • Article
        Lock icon SECURITIES TRADING TURNOVER
        117 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,159 30,159 134,290 134,290 Manufacturing 513,208 88,683 601,891 347,771 2,314 350,085 Commerce 125,314 11,155 136,469 183,198 2,632 185,830 Tpt/Stor/Comms 190,465 624 191,089 326,972 81 327,054 Finance 49,216 49,216 459,168 459,168 Construction 53,512 12,681 66,193 15,824
        117 words
      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        112 8 Stock name Close Change CapMallsAsia 2.080 -0.020 CapitaLand 3.630 -0.030 CapitaMall 1.960 +0.030 CityDev 10.320 -0.020 ComfortDelGro 1.480 DBS Grp 14.640 -0.220 F&N 4.610 -0.050 Genting SP 0.910 -0.015 Golden Agri 0.555 -0.025 HK Land 5.010 -0.240 JMH 37.120 -0.180 JSH 21.180 -0.320 Jardine C&C 29.500
        112 words
      • Article, Illustration
        Lock icon Euro hits 1-year low on Greece contagion worries
        520 8 CURRENCIES [LONDON] The euro hit a one-year low yesterday as fears that euro zone debt problems could spread spooked investors. The single currency slid to US$1.2936, its lowest since April 2009, in European and Asian trade, with analysts and traders citing that
        AFP  -  520 words
      • Article
        Lock icon MOST ACTIVE STOCKS
        59 8 VOLUME Golden Agri 181,928,000 Yangzijiang 82,321,000 Genting SP 74,636,000 GMG Global 70,476,000 Lereno 68,641,000 Cosco Corp 58,254,000 SwingMedia 37,048,000 JES 32,164,000 Baker Tech 31,386,000 NOL 29,911,000 VALUE($) Yanlord 736,850,450 OCBC Bk 145,496,452 DBS Grp 116,267,004 UOB 105,896,056 Yangzijiang 105,876,700 Golden Agri 100,798,335 Keppel Corp 96,983,780 Cosco Corp
        59 words
      • Article
        Lock icon RISES
        108 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5085 186.9 2.7 Great Eastern 1558 10.0 0.6 STI 3000BNPePW*****9 46 5.0 12.2 STI 2900BNPePW*****9 29 4.5 18.4 Cortina 36.5 4.0 12.3 STI 2950SGAePW*****7 20.5 4.0 24.2 Yangzijiang 132 4.0 3.1 STI 2850BNPePW*****7 12.5 3.5 38.9 CapitaMall 196 3.0 1.6 Parkway
        108 words
      • Article
        Lock icon FALLS
        127 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-702.0 -4.3 DBXT DJE50 10US$ 3710-243.7 -4.5 DBXT MSEurope 10US$ 3954-195.2 -3.4 DBXT FTChina25 10US$ 2863 -85.9 -2.1 GLD 10US$ ***** -78.9 -0.5 Lyxor Europe 10 US$ 1149 -76.2 -4.6 Lyxor MS India 10US$ 1550 -60.9 -2.8 Lyxor China H 10US$ 1487
        127 words
      • Article
        Lock icon CURRENCIES
        87 8 Where S$ stands May 5 CHNG YR 2010 CLOSE FR May 4 S$ LOW S$ HIGH US$ 1.3965 -1.48 1.4219 1.3680 Euro 1.7924 0.77 2.0153 1.7924@ Pounds 2.1068 -0.84 2.2831 2.0845 A$ 1.2626 0.06 1.2960 1.2276 Yen* 1.4737 -1.38 1.5927 1.4467 Rupiah* 0.***** -0.77 0.***** 0.***** Baht* 4.3155 -1.26
        87 words
    • Article, Illustration
      Lock icon PwC’s Sino-Env probe may not resume now
      517 9  -  Sino-Environment says it is unable to facilitate the cash and special audit By LYNETTE KHOO THE long-stalled probe by PricewaterhouseCoopers (PwC) into the cash transactions of Sino-Environment is unlikely to resume now as the company revealed yesterday that it is unable to facilitate
      517 words
    • COMPANY BRIEFS
      • Article
        Lock icon WBL unit to buy into Suzhou property firm
        92 9 WBL Corporation said that subsidiary Shenyang Huaxin International Realty Co Ltd (SHIR) has entered into a joint venture agreement to buy a 78 per cent interest in Suzhou Industrial Park Jian Wu Heng Ye Property Development Co Ltd for 400 million yuan
        92 words
      • Article
        Lock icon REA to develop green energy in Mongolia
        102 9 RENEWABLE Energy Asia Group (REA), formerly known as Superior Fastening Technology, has secured a concession to develop a Green Energy Park in Zhenglanqi, Inner Mongolia. REA will form a consortium for the project which can cost up to three billion yuan (S$600 million)
        102 words
      • Article
        Lock icon OKP wins two LTA tenders worth $34.3m
        34 9 CIVIL engineering firm OKP Holdings said its subsidiary, Eng Lam Contractors Co (Pte) Ltd, has been awarded two tenders worth $34.3 million from the Land Transport Authority.
        34 words
      • Article
        Lock icon Head of DBS Asia Capital resigns
        54 9 Reuters DBS Group said its head of investment banking in Hong Kong has resigned and will leave the bank in mid-May. “Jimmy Woo, head of DBS Asia Capital, will be leaving the bank to pursue other opportunities,” a DBS spokesman said in response to
        Reuters  -  54 words
    • Article
      Lock icon Phillip Capital, Providend set up new fund
      386 9  -  By KAREN NG PHILLIP Capital Management (S) Ltd (PCM) and Providend Ltd have set up a new fund called the PhillipProvidend Pi Global Portfolios. The fund consists of two portfolios: the Pi-5 Global Portfolio and the Pi-7 Global Portfolio. The new portfolios allow
      386 words
    • Article
      Lock icon Industrial land deals worth 1b yuan for Tianjin Eco-City
      441 9  -  By CHAN YUPING SINO-SINGAPORE Tianjin Eco-City Investment and Development Co Ltd (SSTEC) has signed three more industrial land deals worth more than one billion yuan (S$203.9 million) in investments in the Eco Business Park and the Eco Industrial Park. Tianjin House
      441 words
    • Article
      Lock icon M&C pre-tax profit for Q1 jumps 70%
      217 9 Reuters [LONDON] Hotelier Millennium Copthorne reported a steep rise in first-quarter profits yesterday as it saw signs of recovery in some markets led by Singapore and New York which continued into April. London-based M&C, which runs over 100 hotels, said other areas remain
      Reuters  -  217 words
    • Article
      Lock icon Creative narrows Q3 loss to US$20.8m
      378 9  -  Company to dispose of 80.1% stake in Chinese subsidiary By WINSTON CHAI CREATIVE Technology has more than halved its third-quarter loss from 2009 after a major cost-cut-ting drive. But declining sales of music players continue to pull down its topline. The company yesterday reported
      378 words
    • Article, Illustration
      Lock icon Teledata’s Pan on leave of absence after AGM ouster
      585 9  -  By FELDA CHAY TELEDATA’S recently appointed chairman and chief executive Christopher Pan is said to be on leave of absence after he was ousted from the board at the company’s AGM last Friday. In an announcement yesterday to the Singapore Exchange
      585 words
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      Lock icon Page 6 Advertisements Column 1
      205 6 X h m A. t£. K <■ wm ODVSSSV V;. s v iJ $&4:4 4 'fi.f£ v s« Honda Odyssey. Singapore's coolest family car now comes with a 5 year unlimited mileage warranty. Fuel Efficient. Thanks to its powerful yet economical 2.4L i-VTEC engine, the Odyssey uses only 8.9L/100kmi making
      205 words
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      424 7 Looking for a Payroll Partner who... SpV\a^ Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY, that
      424 words
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      67 9 rsai Swiss quality also stands for dynamism. Ensuring your success with global mailings. Swiss Post offers you cross-border mailing options to make your business even more successful. You can count on us for daily mail, direct mailings, newspapers, magazines and small consignments. With our flexibility, innovativeness and reliability we are
      67 words
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  • EMERGING ENTERPRISE 2010
    • Article, Illustration
      Lock icon The customer is always right
      1015 10  -  Toyo Adtec has distinguished itself by focusing on what its customers want, reports OLIVIA HO OLIVIA HO ‘THE customer is always right” that’s a phrase one rarely hears outside of the retail industry. Yet Toyo Adtec has taken that phrase and adapted it to distinguish
      ARTHUR LEE  -  1,015 words
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      349 10 This is the ninth 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
      349 words
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      542 11 or fU IM*JI COGNAC de MARTELL CORDON BLEU o z o o UJ 00 < O UJ z ir 2 O i- Q_ I— O X CD _l _l _l —l < 00 Dedicated to inspiring creativity and the pursuit of excellence, the ICON de Martell Cordon Bleu is a
      542 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon $140m expansion to increase R&D space at The Biopolis
      374 12  -  To be completed in 2013, expansion will add 46,000 sq m to total 310,000 sq m By NISHA RAMCHANDANI BIOMEDICAL research and development hub The Biopolis will undergo a $140 million expansion which will boost its total R&D space to some
      FILE PHOTO  -  374 words
    • Article
      Lock icon Imperial College bestows honour on A*Star chairman
      142 12 A*STAR (Agency for Science, Technology and Research) chairman Lim Chuan Poh has been appointed a Fellow of Imperial College London. Mr Lim received the award in London yesterday, in recognition of his significant contributions to science and technology in Singapore, and for the
      142 words
    • Article
      Lock icon COE premiums slump across the board
      278 12  -  By SAMUEL EE CERTIFICATE of Entitlement (COE) premiums have fallen for a second straight tender after soaring just six weeks ago. In late March and early April, premiums jumped by unprecedented amounts in reaction to a new and sharply reduced quota. But yesterday they
      278 words
    • Article
      Lock icon Seven companies feted at inaugural Sustainability Awards
      250 12  -  By KAREN NG IS your company going green? Now, not only is doing your part for the environment good in itself, it could win you an award, too. And yesterday, seven organisations did just that during the inaugural Singapore Sustainability Awards 2010. In
      250 words
    • Article
      Lock icon Almost nine in 10 retailers have an exchange/refund policy: survey
      238 12 IN the Consumers Association of Singapore’s (Case) first exchange and refund policy survey of 150 retailers, 133 about 88.7 per cent were found to have an exchange and/or refund policy. In addition to sending out survey forms to retailers from
      238 words
    • Article, Illustration
      Lock icon 13 more Howe Yoon Chong PSA scholarships awarded
      289 12 A SECOND batch of Howe Yoon Chong PSA scholarships were presented to 13 students yesterday, as Temasek Holdings chairman S Dhanabalan urged them to live up to the example set by their predecessors. The students are pursuing studies at the Institute of
      289 words
  • Page 12 Advertisements
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      184 12 How to run a business without running out of ideas. THE SME MAGAZINE what VCs really want to his success recipe Cet Singapore, gel known Urban solutions sector: rhe next big thing? Teaming np in Indonesia HP! May/June issue out now! •We explore how the World Expo in Shanghai provides
      184 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Lock icon Page 12 Miscellaneous Column 1
      34 12 <** JACKPOT 1,500,000. TODAY Sales Close at 6pm Draw at 6.30pm at PoMo lp Yri) Always play with care. [responsibly! Do not bet illegally. RCB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE EJ
      34 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Geithner seeks support for bank fee plan
      620 13 Proposed tax won’t affect 99% of banks, he tells lawmakers AFP [WASHINGTON] US Treasury Secretary Timothy Geithner sought to convince lawmakers on Tuesday that a proposed tax on major US financial firms could recoup taxpayer bailout money without risking credit tightening. Testifying before
      AFP  -  620 words
    • Article
      Lock icon Bootle: UK economic recovery ‘doomed to disappoint’
      386 13 Bloomberg [LONDON] The UK’s recovery from recession is “doomed to disappoint” as the weakness of the pound fails to spur exports, Deloitte LLP economic adviser Roger Bootle said. The boost from the currency will be felt “only gradually” as the economy grows one
      Bloomberg  -  386 words
    • Article
      Lock icon Speed up reforms, IMF urges Sri Lanka
      456 13 Fund links disbursement of next tranche of loans to deficit-cutting plan Reuters [COLOMBO] The International Monetary Fund urged the Sri Lankan government yesterday to speed up fiscal reforms and produce a more comprehensive deficit-cutting plan if it wants to get a multi-billion dollar
      Reuters  -  456 words
    • Article, Illustration
      Lock icon Australia signals higher bar for rate hikes
      749 13 Economists expect central bank to hold off increase in June, after Tuesday’s hike Bloomberg [SYDNEY] The Reserve Bank of Australia signalled a higher bar for inter-est-rate increases after becoming the world’s first major central bank to withdraw “emergency” stimulus used during the global
      Bloomberg; AFP  -  749 words
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      161 13 Bl.ffl! 'w E A 1 K U The Place Air-flown USDA Beef Wwk»>':'-iSS. mIfe mm TSs K N EA Parks Services Office Institue of We Are Policy Studies Here Evans Lodge *U ii u Sun to Fri 12.00 noon to 3.00pm 6.00pm to 11.00pm Sat 6.00pm to 11.00pm Reservations Call:
      161 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jakarta keeps key rate at record low to spur growth
      603 14 Strengthening rupiah helps to keep inflation below target range Bloomberg [JAKARTA] Indonesia’s central bank left its benchmark interest rate at a record low for a ninth straight month yesterday as a strengthening currency helped keep inflation below 4 per cent.
      Bloomberg; REUTERS  -  603 words
    • Article
      Lock icon Shipping giant MISC looks set for rebound
      577 14  -  Analysts say it’s poised for re-rating amid global recovery By Kuala S JAYASANKARAN IGNORED by the market for some time, Malaysian International Shipping Corporation (MISC) could be poised for a rebound on the back of the global economic recovery. A subsidiary of national
      577 words
    • Article, Illustration
      Lock icon Indonesia to ratify nuclear test ban treaty soon
      367 14 AFP [UNITED NATIONS] Indonesian Foreign Minister Marty Natalegawa announced here on Tuesday that his country would soon ratify the Comprehensive Nuclear Test Ban Treaty (CTBT). “We hope that our decision will be a positive incentive for other states to follow suit,” he
      AFP  -  367 words
    • Article
      Lock icon Boom in ‘halal’ cosmetics
      473 14 Entrepreneurs cash in on demand for beauty products that conform to Islamic rules AFP [KUALA LUMPUR] Entrepreneurs producing “halal” cosmetics say the global market is booming as more Muslims opt for beauty products that conform to Islamic rules. Famiza Zulkifli made her first halal soap four
      AFP  -  473 words
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      426 14 Ciliandra Perkasa Finance Company Pte. Ltd. (Company Registration No. *****9547G) 8Temasek Boulevard #36-02 Suntec Tower Three Singapore *****8 NOTICE OF REDEMPTION TO BONDHOLDERS CILIANDRA PERKASA FINANCE COMPANY PTE. LTD. 10.75% GUARANTEED SECURED NOTES DUE 2011 CUSIP NUMBER: *****PAA8/Y1627VAA3 Ciliandra Perkasa Finance Company Pte. Ltd. (the "Issuer") wishes to notify that
      426 words
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      507 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARKET POINT PRIVATE LIMITED (CO. REG NO *****7507G) (IN CREDITORS' VOLUNTARY LIQUIDATION) At the Extraordinary General Meeting and Creditors' Meeting of the company held at 26 Eng Street Singapore *****6 on 03 May, 2010, the following
      507 words
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      710 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ECHELON RISK CONSULTING ASIA PTE. LTD. Co. Registration No. *****6112D IN MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the above named Company held at 239 Alexandra Road, Singapore *****0 on the 27th day of April,
      710 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Economic aid, six-party talks focus of Kim Jong Il’s China visit
      774 15 His secretive trip may finally take him to Beijing for talks with top leaders AP [BEIJING] North Korean leader Kim Jong Il’s secre-cy-shrouded visit to China is aimed at securing economic support for his wrecked economy in exchange for
      AP  -  774 words
    • Article, Illustration
      Lock icon Greece won’t derail yuan reform: advisers
      596 15 Reuters [BEIJING] Greece’s debt woes give China good reason to proceed cautiously with currency reform, but, barring a crisis that shakes Europe, should not stand in the way of a resumption of appreciation, government advisers said yesterday. Chinese officials have steadfastly argued that global
      Reuters; AFP  -  596 words
    • Article
      Lock icon India to reverse steps to tackle sugar shortage
      456 15 But the govt denies easing control on the sugar sector Reuters [NEW DELHI] India is considering rolling back some measures taken last year to handle a severe sugar shortage, but the authorities will keep tight control on the sector, two government officials
      Reuters  -  456 words
    • Article
      Lock icon 20 financial firms vying to manage Coal India IPO
      337 15 Bloomberg [MUMBAI] Goldman Sachs Group Inc and Morgan Stanley are among 20 financial companies competing to manage Coal India Ltd’s initial public offering, in what may be the nation’s largest first-time stock sale. Deutsche Bank AG, Royal Bank of Scotland Group
      Bloomberg  -  337 words
    • Article
      Lock icon Xinjiang to get US$1.5b economic boost
      315 15 AP [BEIJING] China plans to inject nearly US$1.5 billion into a western region where riots killed nearly 200 people last year, boosting its economy in hopes of reducing ethnic tension. Various regions across Xinjiang, including 82 cities and towns, will receive investment from 19
      AP  -  315 words
    • Article, Illustration
      Lock icon Indian sports chiefs in row over tenure limit
      626 15 Ministry’s new ruling causes stir in run-up to C’wealth Games AFP [NEW DELHI] India’s sports chiefs are locked in a public spat with the government over a new ruling to limit their tenure, causing ructions in the run-up to the Commonwealth Games
      AFP  -  626 words
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  • WORLD
    • Article, Illustration
      Lock icon Aussie PM tells miners he’s firm on tax plan
      1015 16 Revenue from tax will meet needs of nation’s growing, ageing population Bloomberg [CANBERRA] Prime Minister Kevin Rudd told mining companies, including BHP Billiton Ltd and Rio Tinto Group, he’s committed to imposing a 40 per cent tax on their profits to
      Bloomberg; AP  -  1,015 words
    • Article
      Lock icon Senators partially agree on Wall St reform
      855 16 Reuters [WASHINGTON] Key US senators reached a partial agreement on Wall Street reform on Tuesday, but disputes over some issues continued, and the Senate adjourned without casting votes on amendments as planned. The chief Democratic and Republican negotiators agreed on a new government
      Reuters  -  855 words
    • Article, Illustration
      Lock icon Goldman Sachs to pay US$450,000 to settle short-sales allegations
      616 16 AP [WASHINGTON] Goldman Sachs has agreed to pay US$450,000 to settle regulators’ allegations that it violated a rule related to short-selling of stocks in 2008-2009, it was announced on Tuesday. The banking company did not admit or deny wrongdoing in paying
      AP; BLOOMBERG  -  616 words
    • Article
      Lock icon UK regulator reviews banks’ marketing of structured products
      597 16 FSA examines marketing literature for CDOs in hunt for improper sales Bloomberg [LONDON] The way banks sell structured products similar to those at the centre of the US case against Goldman Sachs is being reviewed by the UK financial regulator, according to
      Bloomberg  -  597 words
    • Article
      Lock icon Picasso nude sold for record US$106.5m in New York
      323 16 Bloomberg [NEW YORK] Pablo Picasso’s 1932 lilac-hued oil painting of his young mistress, Marie-Therese Walter, was sold for a record US$106.5 million here on Tuesday night, hours after the US stock market had its biggest drop since February. The amount paid
      Bloomberg  -  323 words
    • Article
      Lock icon Two private equity firms to buy IDC for US$3.4b
      815 18 Silver Lake, Warburg Pincus beat bidding groups that included KKR, Bain Capital Reuters [LONDON] Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data Corp (IDC) for US$3.4 billion in cash, including a US$2 billion payment to majority
      Reuters  -  815 words
    • Article
      Lock icon Oil hits US$100 for 2018 on threat from BP spill
      575 18 Bloomberg [DALLAS] Crude oil futures for delivery in 2018 surged above US$100 a barrel this week as the BP oil spill in the Gulf of Mexico led the government to consider a halt in future drilling. The oil contract dated
      Bloomberg  -  575 words
    • Article, Illustration
      Lock icon Calm weather helping oil spill cleanup effort
      727 18 AP [ALABAMA] The winds and waves eased in the Gulf of Mexico on Tuesday, an encouraging development for crews trying clean up a massive oil spill, yet an official with BP said that more than 20 boats were looking into an unconfirmed report
      AP; AFP  -  727 words
    • Article
      Lock icon Avatar bolsters News Corp Q3 results
      485 18 Media giant posts increased profits in all of its major units NYT [NEW YORK] The recordsetting success of Avatar and widespread gains in the company’s other businesses led the News Corp to beat Wall Street expectations in the latest quarter. The company, controlled by
      NYT  -  485 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Spain in midst of Greece contagion fears
      672 17 Financial authorities move to dispel fears Greek crisis will infect other nations AFP [MADRID] Spain emerged as a litmus test for the euro zone as stocks wavered yesterday and financial authorities moved desperately to dispel fears that the Greek debt crisis would infect
      AFP  -  672 words
    • Article, Illustration
      Lock icon Deadly blast fuels Greek bailout fears
      612 17 AFP Reuters [ATHENS] A fire-bomb attack on an Athens bank killed at least three people yesterday, casting a pall over a Greek general strike and fuelling market fears that the protests could derail a massive bailout plan. Hooded youths hurled petrol bombs at stores
      AFP; Reuters; REUTERS  -  612 words
    • Article
      Lock icon Philippine polls still on despite vote counting machine glitch
      459 17 Rush to replace 76,000 faulty memory cards AFP [MANILA] Philippine election officials insisted yesterday that next week’s polls would go ahead, amid frantic efforts to replace more than 70,000 faulty memory cards that were to be used in vote counting machines.
      AFP  -  459 words
    • Article
      Lock icon UK hung parliament risk looms large over sterling
      529 17 UK ELECTION Reuters AFP [LONDON] The looming threat of a hung parliament resulting from today’s UK general election has compelled market strategists to again chop their outlook for the pound sterling against the US dollar, the latest Reuters poll showed. With polling
      Reuters; AFP  -  529 words
    • Article
      Lock icon Private sector jobs rise for first time since 2008
      422 17 LATEST US DATA Reuters [NEW YORK] Signs of a recovery in the US labour market grew yesterday as data on the private sector labour market showed job gains for the first time since January 2008. Other data showed the pace of
      Reuters  -  422 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      36 17 T20 WORLD CUP: WILL THE AUSSIES GO ALL THE WAY? BUYING LUCK? More people plan to buy gold on Akshaya Tritiya to ensure good fortune GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      36 words
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  • AVIATION
    • Article
      Lock icon Nine Indonesian airlines fined for price-fixing
      319 19 [JAKARTA] The Commission for the Supervision of Business Competition (KPPU) has fined nine local airlines 585 billion rupiah (S$88.3 million) for forming a cartel to fix fuel surcharges and pass on the costs to passengers. It found that customers of the airlines had lost
      319 words
    • Article, Illustration
      Lock icon Volcanic ash grounds flights at Irish, Scottish airports
      669 19 Pressure mounts on airlines to reimburse passengers hit by air travel chaos in April Reuters AFP [LONDON] Flights to and from Ireland and Scotland faced further disruptions yesterday because of a cloud of volcanic ash drifting south from a volcano erupting in
      Reuters; AFP  -  669 words
    • Article
      Lock icon Baggage fees most hated by travellers
      151 19 Reuters [NEW YORK] Travellers may get riled by flight delays and overbooking, but their biggest gripes are having to pay for baggage and rude staff, according to a US poll. A Consumer Reports survey asked 2,000 Americans to rank their complaints about rental cars
      Reuters  -  151 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2875 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 --EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410 0605 KL838 2250 AZ3992
      2,875 words
    • Article
      Lock icon Lufthansa sees demand improving
      428 19 Reuters [FRANKFURT] German carrier Lufthansa sees business improving after a pilots’ strike, soaring fuel prices and losses at airlines it bought last year led to worse than expected first-quarter earnings. “We observed a distinct improvement in demand, as a result of which sales picked up sharply,
      Reuters  -  428 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      354 19 CRYPTIC CROSSWORD Across 1 Study what’s been written for one forced into service (9) 9 Engineers attending electrical unit refuse to work? (6) 10 Stride around shopping centre and chat (5,4) 11 Traveller in space given oxygen to regain consciousness (4,2) 12 Get rid of priest and friend put outside
      354 words
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  • Page 20 Advertisements
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      37 20 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES I I1L_ UUJII1LJJ I IIVII J SHIPPING TIMES
      37 words
  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4413 20 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.
      4,413 words
    • Article, Illustration
      Lock icon Oil spill may lead to demise of some firms
      765 21 Damage from oil spill in Gulf of Mexico will run into billions of dollars Reuters [NEW YORK] The oil gushing unchecked from an undersea well in the Gulf of Mexico could permanently scar coastal lands and bring down some of the
      Reuters; AP  -  765 words
    • Article
      Lock icon France’s CMA expects restructuring deal within weeks
      389 21 Bloomberg Reuters [PARIS] The Saade family that controls French shipping company CMA CGM is in talks with investors about a capital increase of US$300 million to US$500 million, a newspaper report said. Rodolphe Saade, deputy chief executive officer and son of the company’s
      Bloomberg; Reuters  -  389 words
    • Article
      Lock icon New Orleans port sees smooth sailing
      459 21 Reuters [HOUSTON] The main shipping entrance to the Mississippi River has not been affected by the spreading Gulf of Mexico oil spill and should remain open to navigation at least into today, the Port of New Orleans said on Tuesday. “Projections from the National
      Reuters  -  459 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 21 SGX '000 May 5 S$ +/-Vol CH Offshore 0.65 -0.01 1460 Chuan Hup Hldg 0.30 unch 24 Cosco Corp 1.59 -0.06 ***** CWT Ltd 0.91 -0.03 1323 Ezra Hldgs 2.03 0.01 ***** First Ship Lea 0.52 -0.03 5627 Freight Links 0.06 unch 9110 Grand Banks 0.46 0.01 7
      278 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon A rebalancing of the global economy
      864 22  -  New engines of growth are emerging to replace free-spending American consumers ROBERT SAMUELSON The Washington Post Writers Group CATERPILLAR the maker of earth-moving equipment, including bulldozers and monster mining trucks reported first-quarter profits of 36 US cents a share, up from a loss of
      The Washington Post Writers Group; AFP  -  864 words
    • Article, Illustration
      Lock icon Grim reminder to look for alternative energy sources
      803 22  -  THE BOTTOM LINE G PANICKER The writer is with BT’s foreign desk NOBODY knows when British Petroleum’s (BP) oil well will stop leaking after the underwater explosion that killed 11 began releasing about 5,000 barrels of oil per day. Conventional approaches have
      803 words
    • Article
      Lock icon IT’s getting very cloudy
      474 22 EDITORIAL CLOUD computing is the new mantra for Singaporebased companies. Even the Infocomm Development Authority of Singapore (IDA) is an early convert. In his opening speech at the ongoing CloudAsia 2010 event, IDA CEO Ronnie Tay noted that cloud computing, which enables users to consume infocomm
      474 words
    • Article, Illustration
      Lock icon The high cost of exiting the euro
      1267 23  -  ORIGINALLY posted on Nov 17, 2007, this Vox column is more relevant than ever, arguing that adopting the euro is effectively irreversible. Leaving would require lengthy preparations, which, given the anticipated devaluation, would trigger the mother of all financial crises. National households and
      AFP  -  1,267 words
    • Article, Illustration
      Lock icon And now a dark scenario for Greece and eurozone
      911 23  -  What if the plan to help the debt-laden nation fails and contagion spreads? By CHARLES WYPLOSZ The writer is professor of international economics at the Graduate Institute, Geneva. This article was sourced from VoxEU.org, a Web portal featuring the views of
      AP  -  911 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9001 24 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 17cd +0.5 1151 17 16.5 16.5 17 1.7 10.6 5.5 81.4 10 5.5 5834 A-Sonic 7 unch 165
      9,001 words
    • Article
      Lock icon SGX CATALIST
      1693 25 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 6.5 8 38.9 6.7 25 12 8538 t APStrategic 20.5 18.5 19.5 121.5 4 0.5
      1,693 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9319 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.26/ APS Alpha Fund (USD)!** 0.92/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6671/ Asian Credit Fund 1.2508/ Asian
      9,319 words
    • Article
      Lock icon SGX ETF
      678 25 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 $mil 112 107 6389 ABF SG Bond ETF 109.6 109 111 500.3 883 572 CIMBAsean40 100US$ US860 -1 0 860 860 846 852 34.4 306
      678 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 25 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 $mil 56 26 6000 AVJennings A44 -3 4 44 44 43.5 46 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US20 unch 1401
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 26 In local curr In S$ In US$ dy yr dy yr dy yr May 4 Index Change Change Change Change Change Change World Index Preliminary 855.6 -2.0 2.8 -2.0 -1.4 -2.4 0.4 EAFE Preliminary 784.3 -2.0 -0.1 -2.4 -7.0 -2.8 -5.2 Europe Preliminary 1100.0 -2.9
      365 words
    • Article
      Lock icon INTERBANK RATES
      177 26 May 5 $S Offer Bid Overnight 0.08 0.03 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.32 0.27 1 month 0.39 0.29 2 months 0.41 0.31 3 months 0.45 0.35 6 months 0.58 0.48 9 months 0.95 0.75 12
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 May 5 S$ Bid Offer 1-month 1.3848 1.3856 2-months 1.3848 1.3856 3-months 1.3848 1.3857 6-months 1.3847 1.3856 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      138 26 May 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 354.0 Jul 10 330.0 330.0 328.0 24 Aug 10 313.0 20 Sep 10 304.0 Oct 10 303.0 Nov 10 301.0 Dec 10 301.0 Jan 11 301.0 Feb
      138 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 26 May 5 May 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 05.08.2010 0.30 0.25 0.25 1-Year BY*****W 03.05.2011 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.15 104.27 104.27 5-Year N*****0N 1.375
      92 words
    • Article
      Lock icon CHICAGO BOT
      105 26 May 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 977.00 975.75 980.50 963.75 Jul 10 987.00 986.50 990.50 974.00 Aug 10 984.75 985.50 989.00 973.00 Sep 10 970.00 972.50 973.50 960.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.36 38.65 38.69
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS May 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 86.27 -2.68 WTI (Near Mth) 82.77 -3.36 Dubai (1-Mth F) 87.35 0.78 Tapis blend 93.35 0.75 Minas 92.40 0.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.83 0.78 Jet Kerosene 98.80 1.20 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2317 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 15 -7 5.13 48 4085 ASJ Hldgs W*****1 4 -0.5 510 1 4 2.00 21 2036 Advance SCT Ltd W*****9 0.5 1 87 2400
      2,317 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 26 May 5 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2460 1.2840 Can dollar 1.3400 1.3570 Euro 1.7820 1.8030 NZ dollar 0.9870 1.0080 Sterling pound 2.0780 2.1030 US dollar 1.3730 1.3880 Local dollars to 100 units of
      133 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 May 5 Open High Sett STI May 2849 SIMSCI May 340.0 340.2 335.9 Taiwan May 281.4 282.0 273.3 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      68 26 May 5 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2532 2570 2566 2520 194 2212 Jun 10 2510 2546 2553 2500 1078 9196 Jul 10 2500 2530 2544 2487 ***** ***** Aug 10 2497
      68 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      337 26 May 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4950 0 2848 Sep10 99.3500 0 1992 Dec10 99.1400 0 826 Mar11 98.8650 0 3441 EUROYEN TIBOR FUTURES Jun10 99.6150 100 4939 Sep10 99.6350 0 3042 Dec10 99.6400 0 1418 Mar11 99.6300 0 1735 Jun11 99.6050
      337 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 26 May 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.933 6.199 0.702 7.052 40.803 82.583 0.859 10.129 2.936 1.262 76.412 40.876 1.258 6.889 1.005 28.617 29.380 0.600 0.908 Canada 1.071 6.641
      466 words
    • Article
      Lock icon SIBOR
      85 26 May 5 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      141 26 May 5 GOLD (US$/oz) May 04 May 05 Hong Kong 1179.50 1171.50 May 04 Apr 30 London 1171.95 1179.35 1172.85 1180.35 Source: Thomson Reuters Source: Thomson Reuters CAST BAR May 05 (S$) Selling Buying Kilobar 55,802.64 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125.19 52 5gm 355.24
      141 words
    • Article
      Lock icon LONDON METALS
      71 26 May 4 May 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2130.75 2225.00 3 months 2163.00 2255.00 Copper, Grade A (US$/tonne) Cash 6989.00 7396.50 3 months 7025.50 7430.00 Lead (US$/tonne) Cash 2028.50 2202.75 3 months 2060.00 2230.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 May 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2570 1.2584 0.9078 0.9083 Canadian dollar 1.3469 1.3479 0.9727 0.9729 Euro 1.7921 1.7934 1.2942 1.2944 NZ dollar 0.9956 0.9970 0.7190 0.7196 Sterling pound 2.0946 2.0963 1.5127 1.5130
      154 words
    • Article
      Lock icon LIFFE
      77 26 May 4 COCOA (£/tonne) Close Prev High/Low May 10 2359 2370 2397/2342 Jul 10 2387 2403 2427/2368 Sep 10 2347 2353 2378/2329 Dec 10 2297 2304 2331/2279 COFFEE (US$/tonne) Close Pev High/Low May 10 1341 1292 1343/1315 Jul 10 1378 1335 1385/1358 Sep 10 1411 1370 1415/1394 SUGAR (US
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  • BizIT
    • Article, Illustration
      Lock icon Govt boost for cloud services
      838 27  -  IDA to offer 50% support for selected private sector cloud-based projects for computing or storage needs, writes RAJU CHELLAM RAJU CHELLAM COMPANIES based in Singapore, who have a project that would need huge and varying amounts of storage or computing power can get government support
      838 words
    • Article
      Lock icon Flying in the Cloud
      1113 27  -  Cloud computing is a smarter way to maintain competitiveness today <you say> By FOONG SEW BUN The writer is distinguished engineer and chief technologist at IBM Singapore IN A WORLD that is becoming more instrumented, interconnected and intelligent, cloud computing represents a smarter way to deliver
      1,113 words
    • Article
      Lock icon Intel revamps Atom platform for smartphone push
      111 27 Reuters [HELSINKI] Intel, the world’s largest semiconductor company, unveiled a new version of its Atom platform, promising lower power consumption, cheaper cost and smaller size to better target smartphones. “Intel has delivered its first product that is opening the door in the smartphone
      Reuters  -  111 words
    • Article, Illustration
      Lock icon Mahindra Satyam aims to consolidate S’pore operations
      777 28  -  It’ll also ‘significantly expand’ presence in Malaysia, Indonesia and China: MD Reports by AMIT ROY CHOUDHURY INDIAN information technology services and consulting company Mahindra Satyam formed after Tech Mahindra took over Satyam Computer Systems in April last year is looking to consolidate its
      777 words
    • Article
      Lock icon Gearing up for the World Cup
      268 28 MAHINDRA Satyam is unlikely to be front page news during the football World Cup in South Africa this year. But it will play a crucial role in ensuring a smooth tournament. The company is the official IT services provider for the 2010 World Cup.
      268 words
    • Article
      Lock icon Google tops Singapore search engine list
      410 28  -  By JASLENE PANG GOOGLE was the favourite Internet search engine for Singaporeans in March this year, monthly data from online competitive intelligence service Experian Hitwise showed. Yahoo! was the second most used search engine, while latest search engine entrant Bing was the third. Search
      410 words
    • Article, Illustration
      Lock icon Dell to offer solutions based on open standards
      795 28  -  By AMIT ROY CHOUDHURY SINGAPORE companies will benefit from Dell’s newly announced open standards based solutions which are an alternative to closed, proprietary systems sold by competitors, a senior company official said. Speaking to BizIT, Dell’s Tan Teng Cheong observed that the
      795 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      347 27 MAHINDRA SATYAM Aims to consolidate Singapore operations. PG 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
      347 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      206 28 SEMICON Singapore20l0 Pre-register now to double your chance to win the daily draw for the grand prize Apple iPad! u 19-20 May 10am to 5pm 21 May 10am to 4pm Suntec Singapore International Convention and Exhibition Centre www.semiconsingapore.org /<^r> as! Explore what the future holds for the microelectronics and PV
      206 words
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      Lock icon Page 28 Advertisements Column 2
      84 28 Become A Web Analytics Expert! The Entheo Place, 75 High Street Friday 7th May, 2010 2pm-5pm (Registration starts at 1.45pm) $145 The workshop will cover the following: Benefits of Google Analytics for Businesses Setting up Google Analytics Integrating AdWords with Google Analytics Interpreting AdWords reports in Google Analytics Formulate actionable
      84 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Cash-hungry US states selling their buildings
      1076 29 But there’s no rush as some fear low bids, outrage over sales to foreigners NYT [NEW YORK] IS it better to rent or to own? The default answer for a long time when real estate’s horizon seemed limitless was to own. Lately some individuals
      NYT; AP  -  1,076 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 16 WITH CONTRACT DATES BETWEEN APRIL 7 AND APRIL 13,2010
      1753 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 08/04/2010 999 1055 1559 1478 Marina Bay Residences Apt 07/04/2010 99
      1,753 words
    • Article, Illustration
      Lock icon $38m price for 2 adjacent bungalows in Meyer area
      491 30  -  Buyer likely to build apartment block on the 24,002 sq ft freehold plot By KALPANA RASHIWALA TWO adjacent bungalows in Margate Road off Meyer Road are said to have been sold for a total of $38 million. The buyer is understood
      491 words
    • Article
      Lock icon UK construction expands at fastest pace since Sept ‘07
      265 30 Bloomberg [LONDON] UK construction expanded at the fastest pace in more than two-and-a-half years in April on increased demand for homes and commercial property. A gauge of building activity, based on a survey of purchasing managers, jumped to 58.2 from 53.1
      Bloomberg  -  265 words
    • Article
      Lock icon Australia’s building approvals up in March
      503 30 Interest rate hikes fail to dampen housing demand Bloomberg [SYDNEY] Australian homebuilding approvals rose in March at the fastest pace since 2002, a sign that housing demand hasn’t been dampened by the central bank’s world-leading round of interest-rate increases. The number of permits granted
      Bloomberg  -  503 words
    • Article
      Lock icon Page impressions up 30%: Rightmove
      178 30 Reuters [LONDON] British property website Rightmove said yesterday that its page impressions rose 30 per cent to over 2.6 billion during the first four months of the year on the back of strong trading seen since the start of 2010. The company, which lists over
      Reuters  -  178 words
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      Lock icon Asian office and investment property strong in Q1: CBRE
      471 31  -  But deals slip in Greater China, with sentiment hit by govt cooling policies By UMA SHANKARI OFFICE and investment property markets across Asia remained buoyant in the first quarter of 2010 as investor sentiment stayed positive, CB Richard Ellis (CBRE) said
      BLOOMBERG  -  471 words
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      Lock icon Chinese crackdown may end: Macquarie
      396 31 Bloomberg [BEIJING] China is likely to reverse policies cracking down on the property market because they will put the nation’s 8 per cent economic growth target for this year at risk, Macquarie Securities Ltd said yesterday. “Ironically, it is the very effectiveness of the property
      Bloomberg  -  396 words
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      Lock icon South Koreans’ foreign property purchases sharply down in Q1
      214 31 Bernama [SEOUL] South Koreans’ purchases of overseas property declined during the first quarter from three months earlier as investor sentiment remained sluggish despite steadily improving global economic conditions, data showed yesterday. According to the data provided by the Ministry of Strategy
      Bernama  -  214 words
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      210 31 London's top property experts here in Singapore for three days only Wednesday 12th Friday 14th May 2010 Limited appointments available Anita Mehra, CEO of London's largest residential lettings agency Benham and Reeves, will be in Singapore on Wednesday 12th, Thursday 13th and Friday 14th May 2010 inclusive. Associate director Marc
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