The Business Times, 12 May 2010
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2010-05-12
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The Business Times
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Title Section24 2010-05-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, May 12, 201024 words
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654 2010-05-12 1 SIOW LI SEN - SRI scheme finds support among local and foreign lenders By SIOW LI SEN [SINGAPORE] Small and medium enterprises (SMEs) are in a sweet spot. Business is good and, more importantly, banks are supportive despite the government having reduced its loan support654 words
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Article141 2010-05-12 1 ST INDEX 2,857.67 (-22.81) ST INDEX FUTURES 2,849 (-22) SIMSCI 338.14 (-4.17) SIMSCI FUTURES 336.10 (-5.30) FOREX US$ S$ US$ (S$ per US$) 1.382 (US$/S$ per 1.482 2.049 EURO (US$/S$/E) 1.274 1.761 Foreign currency per US$ S$ YEN 92.70 67.10 RM 3.203 2.317 HK$ 7.781 5.628 BAHT 32.34141 words
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Article, Illustration688 2010-05-12 1 Euphoria gives way to doubts whether aggressive rescue package will do the job [LONDON] World stocks and the euro skidded yesterday as excitement over the euro zone’s mammoth US$1 trillion rescue package gave way to doubts whether its weakest economies can meetBLOOMBERG - 688 words
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Page 1 Advertisements
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Advertisement298 2010-05-12 1 EXECUTIVE MONEY Money managers have doubts about euro bailout HOCK LOCK SIEW SembMarine’s lingering quandary PAGE 6 STRAIT TALK Increasing pressure on shipping to go green PAGE 24 PAGE 34 OPINION Make markets safe for the small guys PAGE 31 WALLST1-9 SINGAPORE BANKERS TALK BANKING PAGES 18 to 22 HAT298 words
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Advertisement10 2010-05-12 1 Editorial: EU must go beyond ‘shock and awe’, Pg 3010 words
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TOP STORIES
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Article576 2010-05-12 2 Banks pull their weight in loan scheme for SMEs SMALL and medium enterprises are in a sweet spot. Business is good and, more importantly, banks are supportive despite the government having reduced its loan support scheme. Despite the higher risks, several banks told BT they have continued to576 words
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423 2010-05-12 2 WINSTON CHAI - It’ll be spread across some 350 IT tenders to be called over the next 12 months By WINSTON CHAI [SINGAPORE] The government has restored its technology budget to the pre-cri-sis level of $1.1 billion after loosening its purse strings last year423 words
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Article, Illustration1067 2010-05-12 2 CONRAD TAN - ‘We’re aligning Citi’s strategy with the evolution of S’pore’ By CONRAD TAN [SINGAPORE] Citigroup’s new Singapore country head Michael Zink is pleased to be here. “I come in very upbeat. Inside Citi, this is one of the best jobs in the world,”FILE PHOTO - 1,067 words
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456 2010-05-12 2 Bloomberg Reuters [LONDON] Liberal Democrat leader Nick Clegg said that talks to form a British government were entering their endgame after his Conservative counterpart, David Cameron, pressed for a decision on a coalition offer. The British Broadcasting Corp reported, without citing sources, thatBloomberg; Reuters - 456 words
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Article, Illustration847 2010-05-12 4 Aim is to prevent last Thursday’s free fall from happening again, say sources LATWP Bloomberg Bloomberg NYT [WASHINGTON] Federal regulators on Monday gave US stock exchanges 24 hours to devise a mar-ket-wide plan to stop or slow trading in stocks that areLATWP; Bloomberg; NYT; AFP - 847 words
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382 2010-05-12 4 Reuters [BEIJING] China signalled that it was ready to let the yuan move more freely when it said it would manage the currency “with reference to a basket of currencies”, a central bank adviser said in remarks published yesterday. The People’sReuters - 382 words
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Article, Illustration747 2010-05-12 4 ANDREW MARKS - By ANDREW MARKS AS initial relief at the European Union and International Monetary Fund’s (IMF) massive debt bailout package fades, so too has the enthusiasm on global stock markets. Money managers and stock analysts are now beginning to debate the debtAP - 747 words
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Page 2 Advertisements
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Advertisement484 2010-05-12 2 KPMG KPMG Seminar Series SINGAPORE Goods and Services Tax (GST) Seminar Industry Topics: International Services and Recovery Of Expenses Date Thursday, 17 June 2010 Time 9.00am to 5.30pm Venue Orchard Hotel Singapore Seminar Fees Client/KPMG Alumni SS396 per participant Non-client SS450 per participant A discount of 5% will be given484 words
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Advertisement8 2010-05-12 2 Banking and Finance 2010, Pages 18 to 228 words
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Advertisement188 2010-05-12 3 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 over $1 million. You will have access to professional and personalised wealth advisory expertise along with the total convenience188 words
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Advertisement216 2010-05-12 4 P NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE MBA Global Leadership for the Asian Century NBS's flagship MBA programme ranked #1 in Singapore and #27 Worldwide. (2010 Financial Times Global MBA Rankings] Relevant to current business demands, the Nanyang EMBA imparts new concepts, techniques and strategies that help my216 words
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Advertisement7 2010-05-12 4 The language of yuan revamp, Pg 87 words
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Advertisement31 2010-05-12 4 Money managers have doubts about euro bailout, Pg 34 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. NOTICES31 words
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COMPANY NEWS
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605 2010-05-12 5 UMA SHANKARI - $152.7m offer works out to $523 psf ppr; CEL plans project with about 280 units By UMA SHANKARI CHIP Eng Seng’s property arm CEL Development trumped 17 other bidders to put in the top offer of $152.7 million for605 words
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418 2010-05-12 5 LYNETTE KHOO - By LYNETTE KHOO FACED with an impasse over a special audit, SinoEnvironment has applied to the High Court to be placed under judicial management (JM). Chief executive Sam Chong Keen, who hasn’t been paid a cent yet since taking up the appointment on Feb 10,418 words
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285 2010-05-12 5 CHEW XIANG - By CHEW XIANG JADE Technologies made a gross profit for the first time since late 2007 in its first quarterly filing since it took on a new business selling titanium dioxide products. But despite the gross profit of $863,000 for the fiscal285 words
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Article720 2010-05-12 6 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN IT HAS been some two weeks since Sembcorp Marine made it known that it would not be dragged into the proverbial bed with Chinese rival Yangzijiang Shipbuilding. The case has had so many twists and turns over the past weeks that720 words
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541 2010-05-12 6 LYNETTE KHOO - Exchange aims for 77 this year, up from 36 last year By LYNETTE KHOO THE Taiwan Stock Exchange (TWSE) is still seeing a strong pipeline of primary and secondary listings this year, notwithstanding recent market turmoil. TWSE chairman Chi Schive told BT yesterday that541 words
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207 2010-05-12 6 CHAN YUPING - By CHAN YUPING FIRST Resources saw its net profit surge almost five-fold to US$25.5 million for the first quarter ended March 31, from US$5.26 million a year ago. Revenue rose 72.4 per cent to US$64.1 million, helped by increases in average selling207 words
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202 2010-05-12 6 JAMIE LEE - By JAMIE LEE BONVESTS Holdings posted a 26.5 per cent increase in first-quarter net profit on firmer sales and a one-off gain from selling the Burger King business here. Bonvests, which is involved in property development and hotel management, said net profit for202 words
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422 2010-05-12 9 KALPANA RASHIWALA - Revenue from external projects of group’s construction division up 83% By KALPANA RASHIWALA SIM Lian Group says it expects to achieve a set of profitable operating results for FY 2010 after posting a 38 per cent year-on-year rise in group net profit422 words
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504 2010-05-12 9 VINCENT WEE - Gain from disposal of vessels helped profit rise to $7.44m By VINCENT WEE INTEGRATED shipping company Marco Polo Marine saw second-quarter net profit more than double to $7.44 million from $3.2 million a year ago, helped by the gain from disposal of vessels504 words
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328 2010-05-12 9 KALPANA RASHIWALA - By KALPANA RASHIWALA SPECIALIST engineering, construction and property group BBR Holdings, which has an order book of $520 million, has posted a 61.9 per cent rise in net earnings to $4.49 million for the first quarter. “Based on our strong order328 words
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Article217 2010-05-12 9 Q1 results ended March 2010 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 OUE 184.57 12.58 1,367.0 48.00 32.95 45.7 2 FirstRes 35.66 7.37 384.1 89.76 52.07 72.4 3 Lee KimTah 9.53 5.17 84.5 40.81 12.59 224.1 4 Bonvests 7.91 6.25 26.5217 words
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Advertisement161 2010-05-12 5 See Ml Business Broadband improve your business productivity. w m E v K k ■SSW& VvAv.v«V.-< r ,<c u ;vv, MS 11 V saSgSsEaSHK^ ■3S. 1 w&ism* L > .V A r% www.m1.com.sg/enterprise M1 Business Broadband empowers your office connectivity with next generation ultra high-speed access at up to 1161 words
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Advertisement169 2010-05-12 6 I. v.r Wang Cuangyi )u Ming 5k Li Chen 'vigZSw- IH SEE I I Nyoman Masriadi Zeng Fanzhi Yue Min jun fijfgtft jg .r •"*r Lee Man Fong Hendra Cunawan Flandiwirman Saputra KJt m 3 a m I •4 I Custi Nyoman Lempad Fancy Orangy Pink and Diamond Ring, weighing169 words
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Advertisement134 2010-05-12 6 PROTECT YOUR INVESTMENT GET BACK ON TRACK m aSSSS* ■to. ip^l -V V f 'V-rfci "V v -,"f i; 4 *3S V ft— Getting back on track by renewing your Sage Cover Plan gives you real value The latest Sage Accpac ERP v5.6 software Access to view the new SageTutor134 words
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Advertisement273 2010-05-12 7 No news news Annual yields on life policies are generally never made public by insurers. And not hearing any news about your policies surely can't be favourable. For the past 3 years, NTUC Income has resolutely published our yields for one reason to be transparent. With over 2 million customers273 words
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SINGAPORE MARKETS
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Article, Illustration863 2010-05-12 8 CHEW XIANG - Views vary over China central bank’s reference to currency ‘basket’ CURRENCIES CHEW XIANG Reporter ‘WORDS, words, words,” an unfortunate Danish prince once said in exasperation. A currency analyst poring over China central bank’s latest monetary policy report could be forgiven for saying the same thing.863 words
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Article186 2010-05-12 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 12 2 0 0 0 2 12 2 Manufacturing 38 93 59 5 4 17 43 97 76 Commerce 16 20 22 2 4 7 18 24 29 Tpt/Stor/Comms 6 27 9186 words
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BROKERS’ TAKE
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Article, Illustration272 2010-05-12 8 INITIATE with “outperform” and TP of $1.10, based on 7.5 times CY11 core PE (seven-year historical average): ASL Marine is the cheapest offshore marine stock under our coverage. We expect catalysts from: 1) a stronger-than-expected pick-up in repair and conversion jobs; 2) higher vessel utilisation rates; and 3)Source: Bloomberg - 272 words
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Article432 2010-05-12 8 LYNETTE KHOO - Compiled by LYNETTE KHOO May 11 close: $14.62 Citi, May 10 ATTRACTIVELY valued after recent price weakness: Singapore Airlines (SIA) has fallen 11 per cent from recent highs, underperforming the Straits Times Index (STI) by 10 per cent. Our above-consensus FY March 2011 profit forecast ($1.4 billion versus432 words
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Article119 2010-05-12 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,937 23,937 84,346 84,346 Manufacturing 407,911 81,186 489,097 244,690 1,922 246,612 Commerce 118,491 9,144 127,635 168,396 1,897 170,293 Tpt/Stor/Comms 148,500 1,296 149,796 274,592 170 274,762 Finance 35,685 35,685 329,816 329,816 Construction 65,577 4,264 69,841 13,776119 words
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Article, Illustration503 2010-05-12 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT WAS clear from yesterday’s session that punters took the opportunity presented by Monday’s bounce to sell into strength having shot up by 59 points on Monday, the Straits Times Index fell back by 22.81 points to 2,857.67. The subtext503 words
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Article110 2010-05-12 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.010 -0.020 CapitaLand 3.700 CapitaMall 1.930 +0.040 CityDev 10.760 +0.160 ComfortDelGro 1.460 -0.030 DBS Grp 14.400 -0.240 F&N 4.670 -0.040 Genting SP 0.960 Golden Agri 0.530 -0.020 HK Land 5.040 JMH 36.300 +0.620 JSH 20.820 +0.720 Jardine110 words
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Article64 2010-05-12 8 May 11 VALUE CLOSE BT OB/OS -1441.00 -63.00 BT CADI -*****.00-176.00 BT 10-day MA -*****.00-144.00 FTSE ST Mid Cap 687.61 -6.59 FTSE ST Small Cap 538.17 -13.65 FTSE ST All Share 704.51 -6.54 FTSE ST China Top 272.70 -10.20 FTSE ST China 294.82 -5.16 FTSE ST Catalist64 words
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Article57 2010-05-12 8 VOLUME Golden Agri 132,228,000 Genting SP 130,646,000 Lereno 61,086,000 Cosco Corp 52,205,000 Teledata 46,455,000 UPP 37,747,000 VibroPower 36,589,000 UniFiber 36,100,000 GMG Global 35,890,000 Yangzijiang 35,634,000 VALUE($) Genting SP 125,787,612 DBS Grp 115,955,740 UOB 96,393,640 CapitaLand 89,555,961 Noble Grp 87,688,590 Cosco Corp 83,245,900 OCBC Bk 82,486,307 Golden Agri57 words
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Article111 2010-05-12 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 4813 225.2 3.5 GLD 10US$ ***** 204.5 1.3 OUE 1898 188.0 11.0 DBXT Nifty 10US$ ***** 160.3 1.0 DBXT iBoxxSvEu 5US$ ***** 149.2 0.5 JSH 2082 99.5 3.6 JMH 3630 85.7 1.7 Jardine C&C 3030 82.0 2.8 DBXT S&P Short 10US$ 5160111 words
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Article127 2010-05-12 8 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 3832-131.3 -2.4 OCC 3.93% NCPS10 8700-100.0 -1.1 DBXT FTChina25 10US$ 2819 -82.9 -2.1 UOB.ES.1005 1904 -74.0 -3.7 DBXT FTVietnam 10US$ 4596 -52.5 -0.8 UOB 1894 -48.0 -2.5 Lyxor China H 10US$ 1484 -38.7 -1.9 DBXT CSI300 10US$ 859 -34.5 -2.8 Keppel Corp127 words
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Article87 2010-05-12 8 Where S$ stands May 11 CHNG YR 2010 CLOSE FR May 10 S$ LOW S$ HIGH US$ 1.3852 -0.47 1.4219 1.3680 Euro 1.7582 2.07 2.0153 1.7582@ Pounds 2.0577 0.47 2.2831 2.0293 A$ 1.2440 0.24 1.2960 1.2276 Yen* 1.4980 -1.23 1.5927 1.4467 Rupiah* 0.***** -0.25 0.***** 0.***** Baht* 4.2846 -0.2887 words
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Page 9 Advertisements
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Advertisement319 2010-05-12 9 a parent looking to save on remittances for my child's education Wm mmm V r the smart X DBS foreign exchange rates leave more in your wallet when you send money overseas. As a loving parent, sending your children abroad for further studies is always cause for anxiety. Fortunately, we319 words
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SINGAPORE NEWS
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621 2010-05-12 10 SAMUEL EE - They have remained the same or climbed slightly among Big 3 insurers from 2009 Reports by SAMUEL EE PREMIUMS for motor insurance seem to be finally levelling off after spiking up by as much as 40 per cent in 2009 in response to the industry’s621 words
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Article, Illustration393 2010-05-12 10 BODILY injury claims are rising and the General Insurance Association (GIA) of Singapore is concerned. GIA said it does not collate bodily injury claims figures across the industry. But it did say there were more reported accidents involving personal injury in 2009 than 2008.393 words
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313 2010-05-12 10 Bloomberg BARCLAYS plc agreed to settle a lawsuit in Singapore with Pagoda Partners Pte for failing to pay a S$365,000 fee for a banker it hired from Merrill Lynch Co, according to the recruiter. Pagoda partner Nick Burnham said yesterday that heBloomberg - 313 words
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339 2010-05-12 10 NISHA RAMCHANDANI - By NISHA NISHA RAMCHANDANI DEMAND for green hospitals is expected to rise in South-east Asia as the healthcare industry continues to look for ways to cut energy and resource consumption, says GE Healthcare. “An increasing number of healthcare facilities will be built339 words
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Article, Illustration231 2010-05-12 10 MEDIACORP yesterday announced the appointment of Teo Ming Kian as a director and chairman-desig-nate of its board. Mr Teo, who is Permanent Secretary for National Research and Development, Prime Minister’s Office, will take over at MediaCorp from Ho Kwon Ping. Mr Ho will231 words
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Article144 2010-05-12 10 TAMPINES Primary School (TPS) yesterday became Singapore’s first public school to be awarded Gold status at the Building and Construction Authority (BCA) Universal Design awards. The school and City Square Mall and City Green earned golds at the awards for their application of Universal144 words
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322 2010-05-12 10 TEH SHI NING - By TEH SHI NING A BAHRAINI business delegation is in town to build links with Singapore’s private sector, especially companies that provide education and training to small and medium enterprises. Delegation leader Esam Fakhro, who is chairman of the Bahrain Chamber of Commerce322 words
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210 2010-05-12 11 Bernama [NEW DELHI] India and Singapore, two close trading partners, yesterday signed a “special scheme for registration of generic medicinal products” which will allow better market access for Indian drugs into the island state. Singapore Minister of Trade and Industry, Lim Hng Kiang,Bernama - 210 words
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Article, Illustration981 2010-05-12 11 ESTHER SOH - Implementing feasible technologies has improved efficiency tremendously on KFTF’s farms, reports ESTHER SOH ESTHER SOH KOKFahTechnologyFarm has grown to become one of the main players in Singapore’s vegetable sector by capitalising on the use of technology to improve efficiency. Coming from a family of farmers,ARTHUR LEE - 981 words
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Advertisement1304 2010-05-12 10 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF TWLT (ASIA) MANAGEMENT SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3134G NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY1,304 words
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Advertisement143 2010-05-12 11 FINE a RARE WINE Chateau Margaux 1983 Chateau Mouton Rothschild 2000 Chateau Laflte-Rothschild 1982 ECHEZEAUX P^ANEE TAC ROMANCE VI VECHE:£- 4 S ?ANDS Romanee-Conti Assortment 2001 ENQUIRIES John Andreas Mob +65 97 31 32 41 Singapore +62 816 92 92 92 (Indonesia Email john@bssjkt.com borobudur@singnet.com.sg BOROBUDUR AUCTION PTE. LTD. io143 words
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Advertisement335 2010-05-12 11 This is the 13th 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 small and young enterprises with annual sales of up to $10 million. It is supported by RSM Chio335 words
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ECONOMY WATCH
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292 2010-05-12 12 Programme aims to tighten credit when economy recovers AP [WASHINGTON] The Federal Reserve will soon begin testing a new tool to soak up vast sums of money it injected into the US economy to stem the financial crisis. The FedAP - 292 words
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Article, Illustration730 2010-05-12 12 It also pledges quick return to surplus, lower spending and determination to hit miners with new tax Reuters [CANBERRA] Australia’s government sought to woo back disillusioned voters with pre-election budget yesterday, reining in spending, promising a quick return to surplus and affirming itsReuters; REUTERS - 730 words
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334 2010-05-12 12 Market sensitivity to sovereign risk behind decision AFP [TOKYO] Japan will limit the amount of debt it issues in the next fiscal year given the heightened market sensitivity to sovereign risk in the wake of the Greek crisis, Finance MinisterAFP - 334 words
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432 2010-05-12 12 NYT [JERUSALEM] The Organization for Economic Cooperation and Development (OECD), a 31-country group often seen as an exclusive club of rich countries, voted unanimously on Monday to admit Israel. Israel’s policies toward the Palestinians, and its war in Gaza in late 2008, had drawnNYT - 432 words
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Page 12 Advertisements
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Advertisement1086 2010-05-12 12 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES Registered Office: Amstelveenseweg 500 1081 KL Amsterdam The Netherlands CONSOLIDATED BALANCE SHEET OF ING BANK AS AT 31 DECEMBER BEFORE PROFIT APPROPRIATION ASSETS Cash and balances with central banks Amounts due from banks Financial assets at fair value through profit and loss trading1,086 words
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MALAYSIA/INDONESIA
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Article, Illustration442 2010-05-12 13 PAULINE NG - Sales value of manufacturing sector expands 28% to almost RM47b B y PAULINE NG MALAYSIA’S industrial production expanded 14 per cent year on year in March as manufacturers stepped up output to cash in on strong consumer demand. Given the country’s stout export performanceBLOOMBERG - 442 words
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Article, Illustration504 2010-05-12 13 Move prompted by concern over impact of Greek debt crisis Bloomberg [JAKARTA] Indonesia trimmed the size of its planned sales of Islamic and yen-denominated debt because of concern that Greece’s debt crisis will spread, a finance ministry official said. “We willBloomberg; BLOOMBERG - 504 words
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Advertisement3642 2010-05-12 13 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ZHONGGUO PENGJIE FABRICS LIMITED GLORYCHEER LIMITED (Company Registration No: *****1975H) (Company Registration No.: *****89) (Incorporated in the Republic of Singapore) (Incorporated in British Virgin Islands) JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF ZHONGGUO PENGJIE FABRICS LIMITED 1. INTRODUCTION Zhongguo Pengjie Fabrics Limited (the "Company",3,642 words
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GREATER CHINA
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413 2010-05-12 14 Reuters [SHANGHAI] Chinese crude steel production hit a fresh all-time high of 55.4 million tonnes in April thanks to strong prices, although high inventories and lower prices may curb further production rises in coming months. Output grew by 27 per cent year-on-year,Reuters - 413 words
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Article, Illustration472 2010-05-12 14 Surge fuels fears of overheating, ramps up pressure on govt to hike interest rates AFP [BEIJING] China said yesterday that consumer prices and bank lending accelerated in April, fuelling fears the economy may overheat and building pressure on Beijing to hike interest rates andAFP - 472 words
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430 2010-05-12 14 It could start in 2012 at 10-20 yuan per tonne of CO2 Reuters [BEIJING] China could impose a carbon tax as soon as 2012, and officials have proposed that it start from 10-20 yuan (S$2-4) per tonne of carbon dioxide, a Chinese newspaper saidReuters - 430 words
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347 2010-05-12 14 Reuters [BEIJING] A spokesman for Chinese businessman Zhu Jun gave an enigmatic response when asked about yesterday’s media report about the Internet tycoon’s involvement in talks over the purchase of Premier League club Liverpool. Mr Zhu, who owns Chinese Super League club ShanghaiReuters - 347 words
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249 2010-05-12 14 Reuters [TAIPEI] Taiwan legislators have agreed, after a series of brawls, to open university enrolment to Chinese students, bringing the two political rivals another step closer, but at a possible risk to the island’s economy, officials said yesterday. Admission of up to 2,000 top studentsReuters - 249 words
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Advertisement428 2010-05-12 14 THE °S|°NS Worth waiting FOR ■•W.!.?SQNS inTh, E%RA7° RROW s *raits Tim e A frivoite fi-utj tfuseunr Salor, Saryk, Tekke, Chodor, Yomud, Arabatchi, Ersari These and a 300-odd more are the names of Central Asian tribes who a thousand years ago set out on epic journeys from the far reaches428 words
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INDIA
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176 2010-05-12 15 AFP [NEW DELHI] India’s annual greenhouse gas emissions increased by 58 per cent from 1994 to 2007, driven by higher industrial activity, energy production and transport, government figures showed yesterday. “Between 1994 and 2007, some of the sectors indicate significant growth in greenhouse gas emissions,AFP - 176 words
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Article, Illustration456 2010-05-12 15 Bloomberg Reuters [NEW DELHI] Vodafone Group plc and Bharti Airtel Ltd are among nine companies offering more than US$12.1 billion for high-speed mobile data licences in India, fuelling concern they won’t recoup their investments. The auction for 93 licences to bring data at third-generationBloomberg; Reuters; AFP - 456 words
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469 2010-05-12 15 A deal on supply will help Reliance Power raise finances for its 7,480M plant Bloomberg [NEW DELHI] Reliance Power Ltd, controlled by billionaire Anil Ambani, will renegotiate commercial terms to buy gas from Reliance Industries Ltd (RIL), which won the backing ofBloomberg - 469 words
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Advertisement349 2010-05-12 15 WINE DINE AND HOSPITALITY A CULINARY HAVEN AT PAN PACIFIC SINGAPORE Discover new additions to popular offerings enhanced with delightful menu selections. Wind down to a luxurious Friday and Saturday night barbecue bonanza at Brunch with sparkling Chandon Brut and Rose or enjoy divine weekend dim sum brunch at HaiTien349 words
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ASIA-PACIFIC/WORLD
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Article, Illustration594 2010-05-12 16 Foreclosures in Q1 rise to 62,000 homes from 47,000 in the prior quarter Bloomberg [WASHINGTON] Fannie Mae, the mortgage-finance company operating under federal conservatorship, said it will seek US$8.4 billion in aid from the US Treasury Department after reporting an 11th-straight quarterly loss. TheBloomberg; BLOOMBERG - 594 words
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549 2010-05-12 16 Bloomberg [MEXICO CITY] Telefonica SA, Europe’s second-larg-est phone company, made an unsolicited bid to buy out its Portuguese partner for 5.7 billion euros (S$10 billion) in a venture that controls Vivo Participacoes SA, Brazil’s top wireless carrier. The offer, rebuffedBloomberg - 549 words
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Article284 2010-05-12 16 AP [ORLANDO] Tiger Woods’ long-time swing coach resigned on Monday night, leaving the world’s No. 1 player without one of his top advisers as he tries to rebuild his game. Hank Haney said in a statement to the Golf Channel that he enjoyed working with WoodsAP - 284 words
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Article, Illustration396 2010-05-12 16 AP [SEOUL] Samsung said yesterday it plans to invest 23.3 trillion won (S$28.4 billion) over the next decade in technologies including solar cells and medical devices as it aims to boost sales and increase its workforce by tens of thousands. The planAP - 396 words
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331 2010-05-12 16 Reuters [HANOI] US aerospace firm Lockheed Martin Corp has signed a US$215 million contract to manufacture and launch a second telecommunications satellite for Vietnam, the country’s top telecoms group, VNPT, said yesterday. The contract is part of a larger project in which Vietnam wouldReuters - 331 words
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646 2010-05-12 17 Last year’s stock options given out when market was at 12-year low AP [NEW YORK] America’s top CEOs are set for a once-in-a-lifetime pay bonanza. Most of them got their annual stock compensation early last year when the stock market was at aAP - 646 words
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Article, Illustration432 2010-05-12 17 AP [MANILA] Philippine Senator Benigno Aquino III, whose parents fought to topple a dictatorship, yesterday vowed to fulfill his campaign promise to fight corruption as he headed for a landslide victory in the presidential elections. “I will not only not steal, butAP; REUTERS - 432 words
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270 2010-05-12 17 It places US$600m preferred stock with Temasek and Hopu Reuters [NEW YORK] Chesapeake Energy Corp said on Monday it planned to raise US$5 billion by selling stakes in assets and issuing debt and stock in a bid to pay down borrowings and increase its outputReuters - 270 words
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Article, Illustration695 2010-05-12 17 AP [LONDON] Gordon Brown has been Britain’s prime minister for nearly three years, but never really settled into the job he had long coveted. Before Mr Brown moved into 10 Downing Street, he was both Tony Blair’s loyal treasury chief and theAP - 695 words
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437 2010-05-12 17 Rise in sales of 2.4% to result in more orders for factories LATEST US DATA Bloomberg [NEW YORK] Inventories at US wholesalers rose for a third month in March, and sales climbed even more, a signal companies will need to step up orders toBloomberg - 437 words
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Advertisement107 2010-05-12 16 BRING YOUR FAVOURITE MOMENTS HOME View and purchase at www.photobank.com.sg Like the photos of people, places and events taken by the SPH team of professional photojournalists? Now you can buy them as keepsakes for your private collection. We have a vast collection of published and unpublished photos that you can107 words
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Advertisement143 2010-05-12 17 ALMAT AIM ATY Bei i in 9 Seoul Bangkok Kuala Lumpur Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana143 words
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Advertisement61 2010-05-12 17 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg CO o> JURONG WAREHOUSE Up to 255,000 sq ft covered Up to 100,000 sq ft open space Automated Storage Retrieve System (ASRS) available Full rackings option Min. 7 metres floor to ceiling height Ample loading/ unloading area Logistics services available Short long61 words
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BANKING AND FINANCE 2010
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Article, Illustration1288 2010-05-12 18 CONRAD TAN - OCBC Bank CEO David Conner says it remains to be seen if things are going to be as good, CONRAD TANfinds out more CONRAD TAN THE worst of the financial crisis is over, but it isn’t clear yet that the rapid growth in Asia’s economies seen in recentFILE PHOTO - 1,288 words
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Article, Illustration1109 2010-05-12 20 CONRAD TAN - UOB chief executive Wee Ee Cheong tells CONRAD TANhow this prudent approach has helped the bank tide over many cycles CONRAD TAN UNITED Overseas Bank (UOB) deliberately adopted a cautious stance last year, amid the uncertainty of the financial crisis. The group scaled back much of1,109 words
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Article, Illustration1747 2010-05-12 21 CONRAD TAN - Newly minted DBS CEO Piyush Gupta is looking to revamp the bank’s image and how its employees work, reports CONRAD TAN CONRAD TAN DBS Group chief executive Piyush Gupta has a mammoth task ahead, and he knows it. Six months into his job as CEOFILE PHOTO - 1,747 words
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Article, Illustration739 2010-05-12 22 MICHAEL ARANETA,SHAWN YIP - IT is the next battleground for banks in Asia, MICHAEL ARANETA and SHAWN YIPexplain MICHAEL ARANETA,SHAWN YIP Michael Araneta is associate research director, and Shawn Yip is market analyst, at IDC Financial Insights Asia-Pacific ONE of the trends in the financial services industry in theREUTERS - 739 words
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Article, Illustration910 2010-05-12 22 LEONG KOK KEONG, GARY CHIA - By LEONG KOK KEONG, GARY CHIA This article is contributed by Leong Kok Keong, audit partner, financial services, and Gary Chia, head of financial services regulatory compliance, at KPMG in Singapore. The views and opinions expressed are those of the authors THE last year-and-a-halfAP - 910 words
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Advertisement342 2010-05-12 18 THERE'S A SIDE OF US YOU KNOW SO WELL. NOW, WE'RE PROUD TO REVEAL A NEW SIDE TO GREAT EASTERN. A Cut Above The Rest Great Eastern Private Wealth Management A name synonymous with financial strength and dynamism, Great Eastern is the choice financial service provider in the region with342 words
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Advertisement103 2010-05-12 18 GENEVE Creator of dreams r* CD /r <£ ffS 57 X/\ K LA BISE COLLECTION Automatic. 18K Rose gonsl with diamonds AVAILABLE AT:, SINGAPORE Bezel (+65) 6333 5833 Leong Poh Kee (+65) 6296 /ll Masterpiece Time Jewels (+65) 6887 4747 INDONESIA Watch Boutique (+62-21) 7592 1002 21 Watdh Boutique (+62-21)103 words
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Advertisement76 2010-05-12 19 YEARS CLOSE TO YOU •v Keeping Pace Through The Evolving Times For the past 50 years, Maybank has forged ahead in the financial landscape by continually innovating solutions to anticipate and match your changing entrepreneurial goals. And with a consistent focus on business excellence, we're perfectly timed to keep pace76 words
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Advertisement185 2010-05-12 20 Ker Liqun Settlement Officer ICAP AP (Singapore) Pte Ltd Master of Finance RMIT University, Australia 1 dynamic Liqun chose RMIT University's part-time Master of Finance programme at SIM for its flexibility and career relevance. The active engagement with RMIT faculty equipped him with the knowledge and skills required for success.185 words
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Advertisement522 2010-05-12 21 the future for equity income. The outlook for dividends in Asia is attractive especially relative to other parts of the world. Over the last 30 years (1978 2008), dividends have represented a remarkable 59%* of the total return from Asia-Pacific equities. Total dividends paid by the banks in Asia Pacific522 words
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Page 22 Advertisements
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Advertisement131 2010-05-12 22 OCBC Securities 1 m ,:5 i To start trading in foreign markets with and contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. Get a FREE 1 GB thumbdrive! Every 8 th person who sends an SMS* GTBT <space> Name <space> NRIC (e.g. GTBT131 words
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FOCUS: SAVING THE EUROZONE
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Article, Illustration1137 2010-05-12 23 Other countries may continue to skirt the kinds of actions that would lower their budget deficits and debt loads NYT [NEW YORK] LIKE the giant financial bailout announced by the United States in 2008, the sweeping rescue package announced by Europe eased fearsNYT; AP - 1,137 words
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Article, Illustration918 2010-05-12 23 Ruling coalition weakened as it loses polls in key state NYT [BERLIN] At a defining moment for the European Union (EU), its largest country, Germany, appeared divided and its leader absent, raising significant concerns about what kind of leadership ChancellorNYT; AP - 918 words
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821 2010-05-12 23 Concern over risks being introduced by programme LAT-WP [ATHENS] The massive emergency fund assembled to defend the value of the euro is backed by a political gamble with an uncertain outcome: That European governments will rewrite a post-World War II social contract thatLAT-WP - 821 words
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Page 23 Advertisements
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Advertisement13 2010-05-12 23 JERRY LUM Marketing Director, MBA, CES 55"? 1 HP+65 8288 0098 http://jerrylum.myweb.sg/ ft13 words
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Transport HUB
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345 2010-05-12 24 AP [JOHANNESBURG] A strike by port and rail workers spread across South Africa on Monday, and businesses warned that such action could discourage visitors and investors as the country prepares to be the first on the continent to host football’s WorldAP - 345 words
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Article, Illustration537 2010-05-12 24 Incident may trigger tougher vetting and new rules in longer term Bloomberg [NEW YORK] The BP plc oil spill spreading in the Gulf of Mexico may raise the cost of shipping crude oil to the US and trigger new tanker rules, theBloomberg; AP - 537 words
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913 2010-05-12 24 DAVID HUGHES - Complying faster would be good for the environment and also save the industry money, ultimately STRAIT TALK By DAVID HUGHES SHIPOWNERS could be excused for wanting to focus on issues such as ensuring their businesses emerge intact from the recession and seeing environmental913 words
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654 2010-05-12 24 Military helicopters, submarine, robots in bid to contain spill AP [ON THE GULF OF MEXICO] Black Hawk helicopters peppered Louisiana’s barrier islands with one-tonne sacks of sand on Monday to bolster the state’s crucial wetlands against an epic oil spill, four millionAP - 654 words
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Article215 2010-05-12 24 [SINGAPORE] STX Singapore Offshore recently opened its new US$30 million shipyard in Vietnam’s offshore oil and gas centre of Vung Tau and marked the occasion with the simultaneous launch of its first vessel. STX Singapore Offshore, a joint venture between STX Europe and Singapore’s Amanda215 words
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Article278 2010-05-12 24 SGX '000 May 11 S$ +/-Vol CH Offshore 0.64 -0.01 1758 Chuan Hup Hldg 0.28 -0.01 58 Cosco Corp 1.53 -0.08 ***** CWT Ltd 0.92 -0.02 1814 Ezra Hldgs 1.96 -0.07 8826 First Ship Lea 0.50 -0.01 2834 Freight Links 0.06 unch 512 Grand Banks unch unch 0278 words
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TRANSPORT HUB: AVIATION
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Article, Illustration701 2010-05-12 25 Unions will have easier time signing up airline, railroad workers as members AP [WASHINGTON] In a major victory for organised labour, unions will have an easier time signing up airline and railroad workers after the Obama administration on Monday changed a 76-year-old US ruleAP; BLOOMBERG - 701 words
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Article2848 2010-05-12 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam SQ7343 0420 MP96 0840 LO4031 0605 LO4032 23452,848 words
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437 2010-05-12 25 Take back fired staff before pay plan is considered: union Bloomberg [LONDON] British Airways chief executive Willie Walsh must decide whether to stand his ground against cabin crew workers and ride out a strike that may cost the equivalent of 7 5Bloomberg - 437 words
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Article, Illustration565 2010-05-12 25 Bloomberg [PARIS] Airbus SAS is putting stricter controls on how airlines can custom-de-sign the cabins of A350 widebody planes after a multitude of requests for different interiors for the A3 80 led to cost overruns and delays. The planemaker, based in Toulouse, France, sees aBloomberg - 565 words
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TRANSPORT HUB: LAND/AVIATION
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Article, Illustration572 2010-05-12 26 Cost cutting and aggressive sales incentives draw US customers back Reuters [TOKYO] Toyota Motor Corp beat forecasts with a fourth-quarter profit yesterday as it cut costs and its aggressive sales incentives swiftly drew US customers back to showrooms after its worst recall crisis.Reuters; BLOOMBERG - 572 words
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189 2010-05-12 26 AP [LONDON] Budget airline easyJet said yesterday that its loss narrowed in the first half but the carrier downgraded its full-year forecast because of the disruption caused by Iceland’s volcano. For the six months ending March 31, easyJet said its netAP - 189 words
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401 2010-05-12 26 Bloomberg [DETROIT] Steven Rattner, the former head of President Barack Obama’s automotive task force, said General Motors Co (GM) will report a quarterly profit outside of bankruptcy next week for the first time in three years. “GM is on a path to sustainedBloomberg - 401 words
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Article, Illustration856 2010-05-12 26 Bullish view of US industry could dim in a double-dip Reuters [DETROIT] The last US recession forced the auto industry to slash costs, shutter factories, tear up contracts and rely on government funding. Now the what-if question for increasingly bullish investors convinced theReuters; AP - 856 words
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Article, Illustration548 2010-05-12 26 Reuters [LONDON] Formula One teams have agreed to ban from 2011 the so-called “F-duct” pioneered controversially by McLaren this season to give Lewis Hamilton and Jenson Button a straight-line speed advantage. Other teams, notably Ferrari in Spain this weekend, have rushed outReuters; REUTERS - 548 words
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Page 25 Miscellaneous
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Miscellaneous297 2010-05-12 25 CRYPTIC CROSSWORD Across 8 One likely to have a nap in the afternoon? (7) 10 I invested in property, in fact (7) 11 Our pilots flying out of capital (4,5) 12 Arrive on time bringing one of Santa’s reindeer (5) 13 Classically elegant room (5) 14 One taking Arabs illegally?297 words
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Page 26 Advertisements
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Advertisement3 2010-05-12 26 taws® SBtSl vtfWW.r"adio913.com3 words
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SINGAPORE STOCKS
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Article8931 2010-05-12 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5.5 3148 8Telecom 16xd -0.5 661 16.5 16 15.5 16 1.7 11.3 5.1 76.6 10 5.5 5834 A-Sonic 7 unch 528,931 words
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Article1892 2010-05-12 28 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6.5 6 8 36.1 6.3 25 12 8538 t APStrategic 18 -0.5 99 19 16 171,892 words
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Article9410 2010-05-12 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.88/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.6467/ Asian Credit Fund 1.2473/ Asian9,410 words
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Article678 2010-05-12 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 111 unch 21 111 111 110 111 506.7 883 589 CIMBAsean40 100US$ US828 844 849 33.1 306678 words
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Article74 2010-05-12 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A44 42 49 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19.5 unch 1148 19.5 19 19 19.574 words
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Advertisement55 2010-05-12 27 „CK GENEVE NMMJISTMIJIJM MUCOUS OMMNSIMM LIMITED EDITION FRANCK MULLER BOUTIQUE ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES TAKASHIMAYA SC NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 WATCHES OF SWITZERLAND PARAGON (65) 6732 9793 M55 words
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FINANCE & COMMODITIES
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365 2010-05-12 29 In local curr In S$ In US$ dy yr dy yr dy yr May 10 Index Change Change Change Change Change Change World Index Preliminary 843.6 4.5 1.3 3.8 -2.8 5.0 -1.2 EAFE Preliminary 773.7 5.0 -1.4 4.4 -8.5 5.6 -7.0 Europe Preliminary 1100.8 6.9365 words
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Article180 2010-05-12 29 May 11 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.55 0.35 2 months 0.58 0.38 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.05 0.85 12180 words
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Article22 2010-05-12 29 May 11 S$ Bid Offer 1-month 1.3817 1.3832 2-months 1.3817 1.3832 3-months 1.3817 1.3832 6-months 1.3815 1.3831 Source: OCBC22 words
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Article132 2010-05-12 29 May 11 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2350 1.2710 Can dollar 1.3420 1.3590 Euro 1.7570 1.7780 NZ dollar 0.9860 1.0080 Sterling pound 2.0400 2.0630 US dollar 1.3750 1.3900 Local dollars to 100 units of foreign132 words
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Article35 2010-05-12 29 May 11 Open High Sett STI May 2870 2870 2849 SIMSCI May 341.4 343.6 336.1 Taiwan May 272.3 276.5 270.1 Source: MF Global (S) Pte. Ltd Source: MF Global (S) Pte. Ltd35 words
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Article66 2010-05-12 29 May 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2555 2543 2558 2550 148 424 Jun 10 2535 2518 2540 2514 1595 9451 Jul 10 2516 2505 2523 2496 7539 ***** Aug 10 2514 249366 words
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Article368 2010-05-12 29 May 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4200 0 2576 Sep10 99.2900 0 1918 Dec10 99.1400 0 1178 Mar11 98.9350 0 1245 EUROYEN TIBOR FUTURES Jun10 99.6250 99.6250 99.6150 99.6200 0 5143 Sep10 99.6400 99.6400 99.6400 99.6500 531 3253 Dec10 99.6550 100 1805368 words
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Article154 2010-05-12 29 May 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 355.0 350.0 350.0 44 Jul 10 323.0 320.0 323.0 30 Aug 10 297.0 Sep 10 290.5 285.0 285.0 25 Oct 10 285.0 285.0 285.0 3 Nov 10154 words
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Article88 2010-05-12 29 May 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 12.08.2010 0.30 0.26 0.26 1-Year BY*****W 03.05.2011 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.13 104.16 104.12 5-Year N*****0N 1.375 01.10.2014 101.4088 words
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Article105 2010-05-12 29 May 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 952.75 951.25 960.25 951.00 Jul 10 961.00 960.00 969.00 959.25 Aug 10 957.75 956.25 965.25 956.00 Sep 10 942.75 941.75 950.00 941.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.10 38.13 38.45105 words
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Article77 2010-05-12 29 CRUDE OIL PRODUCTS May 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.88 1.77 WTI (Near Mth) 77.09 1.93 Dubai (1-Mth F) 81.07 1.37 Tapis blend 85.65 0.50 Minas 84.75 1.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.11 1.23 Jet Kerosene 92.05 1.65 US$/barrel Opec Oil77 words
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2343 2010-05-12 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 unch 809 1 15 3 5.14 48 4085 ASJ Hldgs W*****1 4 1 4 7 1.88 21 2036 Advance SCT W*****9 0.5 1 87 24002,343 words
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Article466 2010-05-12 29 May 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.922 6.140 0.706 6.997 40.534 81.809 0.834 10.217 2.880 1.249 75.470 40.473 1.243 6.771 0.998 28.605 29.077 0.607 0.899 Canada 1.085 6.662466 words
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Article85 2010-05-12 29 May 11 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-05-12 29 May 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2421 1.2441 0.8990 0.8995 Canadian dollar 1.3480 1.3498 0.9756 0.9759 Euro 1.7596 1.7618 1.2735 1.2738 NZ dollar 0.9950 0.9964 0.7201 0.7204 Sterling pound 2.0477 2.0503 1.4820 1.4824154 words
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Article142 2010-05-12 29 May 11 GOLD (US$/oz) May 10 May 11 Hong Kong 1191.90 1209.20 May 10 May 07 London 1199.10 1194.55 1199.90 1195.55 Source: Thomson Reuters Source: Reuters CAST BAR May 11 (S$) Selling Buying Kilobar 57,128.37 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128.4 53 5gm 363.8 266142 words
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Article77 2010-05-12 29 May 10 COCOA (£/tonne) Close Prev High/Low May 10 2331 2329 2350/2323 Jul 10 2353 2349 2374/2343 Sep 10 2309 2308 2331/2305 Dec 10 2273 2271 2292/2267 COFFEE (US$/tonne) Close Pev High/Low May 10 1337 1331 1345/1327 Jul 10 1385 1371 1389/1362 Sep 10 1418 1405 1423/1396 SUGAR (US77 words
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Article73 2010-05-12 29 May 10 May 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2114.25 2041.00 3 months 2147.00 2072.00 Copper, Grade A (US$/tonne) Cash 7084.25 6911.25 3 months 7120.00 6945.00 Lead (US$/tonne) Cash 2076.75 2019.00 3 months 2108.00 2050.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)73 words
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EDITORIAL & OPINION
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521 2010-05-12 30 EDITORIAL AGAINST the run of play, the European Union has managed to come up with a US$1 trillion “shock and awe” financing package to quell a spiralling sovereign debt crisis that threatened to engulf the eurozone. Up until last weekend, there had been521 words
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Article, Illustration761 2010-05-12 30 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator CHINA delivered a wake-up call to its neighbours last week, making it clear that Beijing has decided on a course of military assertiveness as its capabilities increase. “We761 words
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Article, Illustration855 2010-05-12 30 REZA MOGHADAM - Improving policy fundamentals during pre-crisis periods helps countries when crises strike By REZA MOGHADAM The author is director of the IMF’s Strategy, Policy, and Review Department. This comment was sourced from VoxEU.org, a Web portal featuring the views of prominent economists HOW time flies. OnlyREUTERS - 855 words
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Article, Illustration1267 2010-05-12 31 ANTHONY ROWLEY - Financial markets are ignoring the fact that, as the euro stumbles, the US dollar and pound are vulnerable too ANTHONY ROWLEY Tokyo Correspondent TWO questions need to be raised in connection with the Greek crisis. The first is why financial markets are focusing quiteAP - 1,267 words
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Article, Illustration611 2010-05-12 31 G PANICKER - G PANICKER DO WE need a “wall” on Wall Street? The question looms after traders’ computers spiralled out of control and sent the Dow Jones Industrial Average into a nearly 1,000-point plunge last week. It appears that Wall Street is becoming less a611 words
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5932 2010-05-12 32 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.5,932 words
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Page 32 Advertisements
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Advertisement29 2010-05-12 32 Shipping line seeking reliable logistics partners Can "they find your set-vices here in the Shipping "TO ADVERTISE, CALI IOE WONG AT 9620 *1 327 THE BUSINESS TIMES SHIPPING TIIVIES29 words
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Page 33 Advertisements
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Advertisement28 2010-05-12 33 r FREIGHT FORWARDER urgently needed by shippers I Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132728 words
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executive Money
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Article, Illustration853 2010-05-12 34 They are betting that Europe’s beleaguered currency will continue to fall NYT [NEW YORK] MARKUS Krygier is betting against the euro still. Not even US$1 trillion was enough to change his mind. Only hours after European leaders devised a sweeping rescue package toNYT - 853 words
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Article, Illustration1228 2010-05-12 35 HAREN SHAH - China the global economy’s new key engine of growth appears to be in the early stages of a boom MONEY MATTERS HAREN SHAH The writer is senior strategist, investment analysis advice group, wealth management, Asia-Pacific Citi IT WAS just over a year ago whenSource: CEIC, Citi Investment Research and Analysis (As at March 24, 2010) - 1,228 words
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Article, Illustration845 2010-05-12 35 NYT [SAN FRANCISCO] Virgin Green Fund, an investment firm backed by Richard Branson, is not going after the hottest new clean energy start-ups. Instead, it wants the ones facing a mid-life crisis. The firm, which is based in London and San Francisco,NYT; FILE PHOTO - 845 words
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Page 34 Advertisements
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Advertisement329 2010-05-12 34 I SilkAir extends its ovou w I I M Bangalore From From, $498 $448 return all-inclusive return all-inclusive M ,.P. 'A*Kr JK 'J %MT n SilkAir's Services to Bangalore, India (From 17 May 2010) Flight Day Routing Departs Arrives MI428 MI427 Daily Daily Singapore to Bangalore Bangalore to Singapore 2250329 words
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Page 34 Miscellaneous
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Miscellaneous27 2010-05-12 34 i. e.irin.. Sales close: 9.00pm is Friday n raw 9.30pm p i_ yA Always play with care. reaponaibiyj Do not bet illegally. RCB Reg No.: *****0202G IL'JL']27 words
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Advertisement60 2010-05-12 35 Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Win To To, Log on to Si travellersx^m 1 the ultimate travel resource bu 5PH ST "NATAS Journeys Summer20 7 0"Supplement stories will go live on 1st May. Sponsored60 words
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Advertisement88 2010-05-12 35 XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself88 words
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Advertisement468 2010-05-12 36 RESIDENCE Freehold The Most Exclusive Green Address In Singapore PRIME DISTRICT 10 SPECIAL RELEASE OF THE CABANA COLLECTION Va y v Vx Perch Yourself Amongst And Above The Treetops Whether it's breakfast in the company of chirping birds, tea with special friends, a romantic dinner with a soulmate or just468 words
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