The Business Times, 13 May 2010

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Microfilm: NL30668
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, May 13, 2010
    24 words
  • Article, Illustration
    Lock icon Hotels make case for lower F1 levy on room revenue
    823 1  -  By NISHA RAMCHANDANI [SINGAPORE] With race day looming and a full house at stake, some hotels are not so keen on the cards they’ve been dealt. Several hotels are lobbying for a reduction in the Formula One (F1) levy on
    FILE PHOTO  -  823 words
  • Article, Illustration
    Lock icon Crisis economy gives Cameron no honeymoon
    785 1  -  Markets await emergency budget that will produce deep cuts to narrow country’s record deficit By in NEIL BEHRMANN BRITAIN’S first coalition government since Winston Churchill’s administration in World War II is facing a mammoth task to regenerate an economy in crisis. “This is going
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  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,880.33 (+22.66) ST INDEX FUTURES 2,872 (+23) SIMSCI 341.90 (+3.76) SIMSCI FUTURES 340.60 (+4.50) FOREX US$ S$ US$ (S$ per US$) 1.382 (US$/S$ per 1.498 2.070 EURO (US$/S$/E) 1.266 1.750 Foreign currency per US$ S$ YEN 93.00 67.30 RM 3.215 2.326 HK$ 7.781 5.630 BAHT 32.32
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      Lock icon Page 1 Advertisements Column 1
      162 1 BizIT S’pore MSS market set to grow by 25% PAGE 27 EMERGING ENTERPRISE KAI Square keeps its eyes on the prize PAGE 11 THE TORY RESURRECTION Big challenge for Cameron PAGE 18 HOCK LOCK SIEW Case of hidden value at OUE or just a mirage? PAGE 6 gsssgagsg? It takes
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      564 2 Markets cut short Cameron’s honeymoon BRITAIN’S first coalition government since Winston Churchill’s administration in World War II is facing a mammoth task to regenerate an economy in crisis. “This is going to be hard and difficult work,” said Conservative Premier David Cameron, who heads the coalition with his
      564 words
    • Article, Illustration
      Lock icon Regulators zero in on the trigger of Dow crash
      825 2 NYT [WASHINGTON] Regulators examining the causes of the brief stock market freefall last Thursday are looking closely at heavy selling in the market for stock-index futures by a single trader, beginning 10 minutes before stock prices began to plummet. Gary Gensler,
      NYT; BLOOMBERG  -  825 words
    • Article, Illustration
      Lock icon Former AEM-Evertech CEO on corruption, bribery rap
      415 2  -  Ang Seng Thor also accused of falsifying information in a separate instance By MICHELLE QUAH [SINGAPORE] THE former chief executive and managing director of Singa-pore-listed AEM-Evertech has been charged with bribery and corruption in a case that also extends to the company’s former
      WONG ELENA/THE STRAITS TIMES  -  415 words
    • Article
      Lock icon Berjaya buys 70% of Ascot Sports
      486 2  -  It also announces RM614m rights issue involving loan stock By S JAYASANKARAN in Kuala Lumpur BERJAYA Corporation, the 52 per cent-owned flagship company of tycoon Vincent Tan Chee Yioun, yesterday announced a RM525 million (S$226 million) purchase of 70 per cent of Mr Tan’s
      486 words
    • Article
      Lock icon Private-equity firms’ Fidelity offer may top US$15b
      568 2 Bloomberg [NEW YORK] Blackstone Group LP, Thomas H. Lee Partners LP and TPG Capital are in talks to pay more than US$15 billion including debt for Fidelity National Information Services Inc, said a person with knowledge of the matter. The offer would value
      Bloomberg  -  568 words
    • Article, Illustration
      Lock icon Corporate borrowers hit by Europe crisis
      699 4 Bond issuance slides as investors doubt effectiveness of US$1t bailout plan Bloomberg [NEW YORK] Europe’s sovereign debt crisis is punishing corporate borrowers, with bond issuance tumbling as investors doubt a US$1 trillion bailout plan will be enough to bolster confidence in government finances for
      Bloomberg; AFP  -  699 words
    • Article
      Lock icon Prudential still very committed to SGX listing
      371 4  -  By SIOW LI SEN [SINGAPORE] Prudential is still very much focused on its listing on the Singapore Exchange (SGX) and expects to have more clarity on its delayed rights issue by the end of the week. “We’re still very much committed to the
      371 words
    • Article
      Lock icon S’pore electricity demand surges to all-time high
      491 4  -  By RONNIE LIM By [SINGAPORE] With Singapore’s economy rebounding, electricity demand here “has also come back very strongly”, with dou-ble-digit year-on-year growth in the first four months of 2010, Energy Market Company CEO Dave Carlson said yesterday. “We have also seen a new
      491 words
    • Article, Illustration
      Lock icon US trade deficit hits 15-month high in March
      540 4 AP [WASHINGTON] The US trade deficit rose to a 15-month high as rising oil prices pushed crude oil imports to the highest level since the fall of 2008, offsetting another strong gain in exports. The larger deficit is evidence of a rebounding
      AP; AFP  -  540 words
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      295 3 GARDEN HOMES FREEHOLD s I mm W v Bukit Golf Course Sime Golf Course |g National Junior College Raffles Girls' A Hwa Chong Institution's Junior College MacRitchie Reservoir Park Botanic Gardens (u/c) r St. Joseph's Institution p| Velocity B3 A Novena L Novena Square Girls'Sch Anglo-Chinese II Singapore hj Chinese
      295 words
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      11 4 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words
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      413 4 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 WALNUT PTE LTD COMPANY REGISTRATION NO. *****2370H (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Company convened and held at 15 Ardmore Park #17-02 Ardmore Park Singapore *****9 on the 12 th day of May 2010,
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  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      165 4 Yue Min |un Ju Ming Li Chen >*: Zeng Fanzhi Agus Suwage 3?. ?s JL v. ■S> E MIS' Lee Man Fong Hendra Gunawan Handiwirman Saputra P"3 •i. m vis r i Ida Bagus Made Togog Fancy Orangy Pink and Diamond Ring, weighing 6.04 carats I Made Gerembuang (Mas) PRE-WAR
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      408 5 I am just in time for the first snow T. t tV We are the fastest way to get you there Altitude 1.6 miles per S$1 spend all year round and no points expiry. The DBS Altitude American Express® Card. Miles above the rest. 1TW lOlSB'H} SlbliR 4110 RICAN 00/00
      408 words
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  • COMPANY NEWS
    • Article
      Lock icon CDL Q1 net profit up 68% at $139m
      767 6  -  All cylinders real estate devt, rental properties, hotel operations firing By KALPANA RASHIWALA IT WAS a case of all cylinders firing for City Developments Ltd (CDL) in the first quarter as it achieved a 67.6 per cent year-on-year boost in net earnings
      767 words
    • Article, Illustration
      Lock icon Case of hidden value at OUE or just a mirage?
      595 6  -  HOCK LOCK SIEW By EMILYN YAP THE sharp increase in Overseas Union Enterprise’s (OUE) share price has been nothing less than astounding. In a short span of about two months, the counter has risen 59 per cent, or $7.12, to
      Source: Bloomberg  -  595 words
    • Article
      Lock icon SingTel’s regional mobile base climbs to 293m in Q1
      248 6  -  By WINSTON CHAI A STRONG performance in two big overseas markets helped lift Singapore Telecom’s regional mobile subscriber base to 293 million in the first quarter, up 17 per cent from a year ago. For the three months ended March 31,
      248 words
    • Article
      Lock icon Know who is swimming naked...
      531 7  -  Auditors need to have healthy dose of scepticism, IFRS forum told By MICHELLE QUAH “IT is only when the tide goes out that you learn who is swimming naked.” First immortalised by investment guru Warren Buffett, that saying was yesterday applied by John Palmer, former
      531 words
    • Article
      Lock icon UOL posts 74% drop in Q1 net
      397 7  -  By TEH TEH SHI NING UOL Group’s net profit fell 74 per cent to $87.9 million for the first quarter ended March 31, from $331.8 million in Q109. This was largely due to gains of $277.7 million from negative goodwill on the acquisition
      397 words
    • Article
      Lock icon Soilbuild’s Q1 profit dives 48%
      365 7  -  By FELDA CHAY PROPERTY developer Soilbuild Group said yesterday its revenue and net profit slipped in the first quarter, although it expects to remain profitable for the year. For the period ended March 31, Soilbuild reported a net profit of $10 million, a 48 per
      365 words
    • Article
      Lock icon At a glance
      125 7 Q1 results ended March 2010 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 Wilmar Intl 562.35 532.34 5.6 9,476.55 6,946.36 36.4 2 City Dev 139.35 83.15 67.6 750.46 622.47 20.6 3 Golden Agri 124.02 12.01 932.2 874.97 577.54 51.5 4 UOL 87.85
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    • Article
      Lock icon Cascal in bid to block Sembcorp offer
      363 7  -  It seeks emergency temporary restraining order By VINCENT WEE A HEARING for a temporary restraining order to prevent Sembcorp launching a voluntary tender offer for US-listed Dutch water company Cascal was scheduled to be heard in a US court yesterday. Giving an update
      363 words
    • Article, Illustration
      Lock icon Parkway Q1 net profit jumps 22% to $26m
      495 7  -  By NISHA RAMCHANDANI PARKWAY Holdings saw net profit for the first quarter ended March 31 jump 22 per cent year-on-year to $26 million, while stronger contributions from both its Singapore and international hospitals business segments helped revenue rise 8 per cent to
      495 words
    • Article
      Lock icon Sofa retailer HTL’s Q1 profit falls one-third to $9.8m
      289 7  -  By JAMIE LEE THE first quarter ended March 31 was a buoyant one for sofa retailer HTL International Holdings in revenue and gross profit terms. This came as the global recovery gained momentum. The quarter saw sales rise 19.9 per cent
      289 words
    • Article, Illustration
      Lock icon Wilmar’s earnings up 5.6% at US$401m in Q1
      485 9  -  Golden Agri’s Q1 profit jumps ten times to US$89m By CHEW XIANG PALM oil giant Wilmar International reported first-quarter net profit of US$401.4 million, up 5.6 per cent year on year. The results for the three months ended March 31 translate to
      485 words
    • Article
      Lock icon Technics Q2 net up on higher margins
      343 9  -  By VINCENT WEE DESPITE revenue growing just 5 per cent to $26.3 million, compression and process specialist Technics Oil and Gas achieved a more than quadrupling in net profit to $3.25 million for the second quarter ended March 31 from $718,000 a year
      343 words
    • Article
      Lock icon SC Global posts 28% jump in Q1 earnings
      201 9  -  By UMA SHANKARI SC Global Developments yesterday said that its first quarter 2010 net profit rose 28 per cent to $13.4 million from $10.5 million a year ago. Earnings climbed as the property group recognised higher revenue from its development projects in
      201 words
    • Article
      Lock icon Courts takes on Orchard Rd
      470 9  -  New 8-level store at Somerset a timely move ahead of IPO By ARTHUR SIM COURTS, which has a strong presence in the heartlands, has decided to open a high profile store on Orchard Road and just in time to raise its profile for its upcoming
      470 words
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      137 6 1| v r« -"A t.7£$ t$jy Wl 4 < £2 #6 5£- 'n V- i-c i 1 I ss WHERE ELSE CAN YOU SEE THE FUTURE SO VIVIDLY? VISIT CITYSCAPE ASIA 2010! Cityscape Asia A world of unparalleled business and networking opportunities Register FREE OF CHARGE today at www.cityscapeasia.com/bt and
      137 words
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      254 7 A MASTERPIECE by Chan Soo Khian, Christian Liaigre, Shunmyo Masuno In the heart of Nassim, Singapore's most desirable neighbourhood, comes the unveiling of Singapore's most coveted freehold address, A unique collaboration between three internationally acclaimed creative minds Chan Soo Khian Founder of Singapore-based SCDA Architects. Hailed for groundbreaking projects such
      254 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI regains Tuesday’s 22-point loss
      595 8  -  But uncertainty remains over Europe’s financial woes; all three banks gain ground STOCKS R SIVANITHY Senior Correspondent THE selling of Tuesday eased somewhat yesterday, with traders betting on Western markets stabilising during their Wednesday trading hours. Taking its cue from a small rise in Hong
      Source: Bloomberg  -  595 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 May 12 VALUE CLOSE BT OB/OS -961.00 +480.0 BT CADI -*****.00 +173.0 BT 10-day MA -*****.00 -96.00 FTSE ST Mid Cap 694.92 +7.31 FTSE ST Small Cap 547.22 +9.05 FTSE ST All Share 710.77 +6.26 FTSE ST China Top 276.99 +4.29 FTSE ST China 294.97 +0.15 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 274,060,000 Golden Agri 108,348,000 Yangzijiang 39,210,000 Cosco Corp 32,466,000 C&O Pharm 31,013,000 Sunmoon 29,425,000 NOL 27,652,000 Ezion 22,955,000 CapitaLand 18,799,000 Keppel Land 18,347,000 VALUE($) Genting SP 273,059,975 DBS Grp 86,219,088 Wilmar 70,776,020 CapitaLand 68,927,340 OCBC Bk 68,136,880 Keppel Land 67,704,780 UOB 59,624,470 Golden Agri
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 0 7 0 0 0 10 0 7 Manufacturing 90 35 55 5 8 12 95 43 67 Commerce 26 13 26 2 1 6 28 14 32 Tpt/Stor/Comms 23 10 7
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Tiong Woon Corporation
        314 8 May 12 close: $0.485 CIMB, May 12 SURPRISED on the downside: Tiong Woon Corp’s (TWC) Q3 FY10 core net loss of $1.9 million (-126 per cent y-o-y) was below our estimate and consensus due to low-er-than-expected revenue and high-er-than-expected operating expenditure. Weak demand across the segments continued
        314 words
      • Article
        Lock icon Telecoms Sector
        352 8 OCBC Investment Research, May 12 FULL 64-match broadcast: Both SingTel and StarHub have managed to secure the broadcast rights for all 64 matches of the month-long 2010 World Cup event in South Africa via two separate non-exclusive contracts. SingTel will broadcast all 64 matches on its mio TV
        352 words
      • Article
        Lock icon Longcheer Holdings
        293 8  -  May 12 close: $0.69 DMG Partners Securities, May 12 Compiled by LYNETTE KHOO MAINTAINING “buy” and increasing TP to $0.85: Mobile handset solutions provider Longcheer announced Q3 FY10 numbers that were in line with our expectations. Coupled with our view that the outlook for the company remains positive
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,504 21,504 71,106 71,106 Manufacturing 291,339 19,288 310,627 261,017 1,322 262,339 Commerce 131,923 5,102 137,025 119,241 1,438 120,679 Tpt/Stor/Comms 118,481 851 119,332 211,477 102 211,579 Finance 28,424 28,424 242,357 242,357 Construction 24,209 10,114 34,323 7,651
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.030 +0.020 CapitaLand 3.690 -0.010 CapitaMall 1.940 +0.010 CityDev 10.860 +0.100 ComfortDelGro 1.490 +0.030 DBS Grp 14.440 +0.040 F&N 4.730 +0.060 Genting SP 1.010 +0.050 Golden Agri 0.550 +0.020 HK Land 4.950 -0.090 JMH 36.400 +0.100 JSH
      114 words
    • Article, Illustration
      Lock icon Euro up on Spanish measures, GDP data
      469 8 CURRENCIES Reuters [NEW YORK] The euro edged higher yesterday after Spain announced more austerity measures and data showed the euro zone economy grew modestly in the first quarter. Gains in the euro were limited, however, as investors remain worried about whether weaker euro
      Reuters; BLOOMBERG  -  469 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP GLD 10US$ ***** 359.2 2.2 DBXT CSI300 10US$ 888 40.1 3.4 OCC 3.93% NCPS10 8740 40.0 0.5 Lyxor Malaysia 10US$ 774 34.5 3.3 STXPO 100 1530 30.0 2.0 SIA 1490 28.0 1.9 CIMBAsean40 100US$ 847 26.3 2.3 DBXT MSTaiwan 10US$ 1561 26.3 1.2 Great Eastern
      109 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 4667-201.7 -3.0 DBXT FTVietnam 10US$ 4483-156.1 -2.5 DBXT MSUSA 10US$ 2724-146.4 -3.7 DBXT Nifty 10US$ *****-102.2 -0.6 Jardine C&C 2966 -64.0 -2.1 DBXT S&P Short 10US$ 5117 -59.4 -0.8 JSH 2048 -47.0 -1.6 DBXT MSAsExJp 10US$ 2756 -44.2 -1.1 DBXT FTChina25 10US$
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    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands May 12 CHNG YR 2010 CLOSE FR May 11 S$ LOW S$ HIGH US$ 1.3798 0.39 1.4219 1.3680 Euro 1.7477 0.61 2.0153 1.7477@ Pounds 2.0542 0.17 2.2831 2.0293 A$ 1.2377 0.51 1.2960 1.2276 Yen* 1.4833 0.99 1.5927 1.4467 Rupiah* 0.***** 0.52 0.***** 0.***** Baht* 4.2725 0.28
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      210 9 PRIME AVENUE BALTIMORE WHARF, LONDON E14 THE NUMBER ONE ADDRESS IN DOCKLANDS Central location next to Canary Wharf, iconic architecture and extensive luxury leisure facilities make Prime Avenue the prime residential investment opportunity in London today. PRICES FROm NIWOJBLEDROOMS~GGOQ' no 11 -LD llL A HI !3 E lu "i i
      210 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Pulau Sebarok to be site of petrochemicals storage
      462 10  -  EPC tender for the structures to go out as early as year-end or early next year By RONNIE LIM SINGAPORE is going ahead to build floating oil petrochemicals storage at Pulau Sebarok. JTC Corporation is now getting a consultant to prepare the
      FILE PHOTO  -  462 words
    • Article
      Lock icon Plans to raise number of pharmacists here
      243 10 TO meet the changing healthcare demands of Singapore’s ageing population, the Singapore Pharmacy Council (SPC) aims to increase the pharmacist-to-population ratio. Speaking at the second SPC Pharmacist’s Pledge Affirmation Ceremony, SPC president Wu Tuck Seng said: “The number of registered pharmacists in Singapore
      243 words
    • Article
      Lock icon CPF interest rate for members’ OA to remain at 2.5%
      194 10 THE Central Provident Fund Board said yesterday that it will continue to pay 2.5 per cent interest per annum for members’ CPF savings in their Ordinary Account (OA) from July 1 to Sept 30. The rate of 2.5 per cent
      194 words
    • Article
      Lock icon UCT opens plant, HQ in Woodlands
      162 10 ULTRA Clean Technology (UCT) opened its newest manufacturing plant and Asia-Pacific headquarters Ultra Clean Asia-Pacific (UCAP) in Woodlands yesterday. UCT which develops and supplies sub-systems for the semiconductor capital equipment, flat panel, medical, energy and research industries acquired the 35,000 sq ft facility from
      162 words
    • Article
      Lock icon Gerard Ee is chairman of SIM governing council
      144 10 SINGAPORE Institute of Management (SIM) yesterday announced the election of Gerard Ee, chairman of the National Kidney Foundation and Public Transport Council, as chairman of its governing council for a two-year term. Mr Ee will take over from Richard Eu, group chief
      144 words
    • Article
      Lock icon Recession spurs self-employment: poll
      313 10  -  Running parallel is outsourcing trend, creating opportunity By CHAN YUPING THE economic downturn invigorated the spirit of entrepreneurship in Singapore, according to a survey by workforce solutions company Kelly Services Singapore. The findings are part of the Kelly Global Workforce Index, derived from a poll of
      313 words
    • Article
      Lock icon Bosch opens$92m Asean HQ in Bishan
      331 10 THE Bosch Group officially opened its new Robert Bosch headquarters for Asean countries yesterday along Bishan Street 21. The headquarters, representing an investment of $92 million, will also house the existing Asia-Pacific divisions and the new Bosch Solar Energy. Though the new building is
      331 words
    • Article, Illustration
      Lock icon Stanchart rings up new online payment service
      359 10  -  By WINSTON CHAI ONE account to pay them all that’s Standard Chartered Bank’s new war cry in the battle to lift its local retail banking customer base beyond the current half-million mark. The bank has introduced a new online service which claims to
      FILE PHOTO  -  359 words
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  • Page 10 Miscellaneous
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  • EMERGING ENTERPRISE 2010
    • Article, Illustration
      Lock icon Keeping its eyes on the prize
      919 11  -  KAI Square regard the many awards it has garnered during the last few years as one of its major achievements, reports ABIGAIL KOR ABIGAIL KOR HOMEGROWN multimedia surveillance and intelligence specialist KAI Square Pte Ltd sees its technologies as contributing to the greater good
      ARTHUR LEE  -  919 words
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      344 11 This is the 14th 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 Chio
      344 words
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  • SINGAPORE INTERNATIONAL
    • Article
      Lock icon Financing for SMEs
      219 12 PETER Chan from Crest Capital shares the financing methods available for SMEs. He also offers tips when seeking financing for overseas expansion. SMEs face limited financing options for international expansion from banks especially when they have a lack of collateralisable assets. Funding from private equity is more
      219 words
    • Article
      Lock icon Two schemes
      362 12 IF Scheme Singapore companies that want to internationalise can find it hard to raise finance because overseas ventures are often associated with higher risks such as unfamiliarity with the legal and regulatory requirements of the host country and exposure to country and political risks. International enterprise (IE) Singapore’s
      362 words
    • Article, Illustration
      Lock icon When the going gets tough, IE lends a hand
      877 12  -  Its financial support schemes have helped local firms in a big way, reports CHUANG PECK MING CHUANG PECK MING TEE Yih Jia Food Manufacturing not only managed to secure export credit insurance amid the global recession but paid only half what
      877 words
    • Article
      Lock icon Reassuring help for exporters like Tee Yih Jia
      363 12  -  By CHUANG PECK MING INTERNATIONAL Enterprise (IE) Singapore introduced the Export Coverage Scheme just when Tee Yih Jia Food Manufacturing needed it. This was in 2009, when the global credit crunch had grown into a full-blown global recession, increasing the risk of
      363 words
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      Lock icon Page 12 Advertisements Column 1
      191 12 Singapore International a fortnightly series brought to you by IE Singapore and The Business Times Seminar Series: -1 i Join us at the iadvisory Seminar Series: Doing Business in The US to learn from market experts about the nuances and fundamentals of operating in and/or exporting to the world's largest
      191 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan sustains economic growth
      445 13 Coincident index at highest since 2008 as overseas demand spurs exports Bloomberg [TOKYO] Japan’s broadest indicator of economic health climbed to the highest level since 2008, signalling the economy sustained its expansion through the first three months of this year. The coincident index, a composite of
      Bloomberg; AFP  -  445 words
    • Article
      Lock icon Minister predicts 4.5-5% Thai GDP growth
      246 13 Reuters [BEIJING] Thailand’s finance minister offered a slightly improved outlook for 2010 GDP yesterday projecting growth of 4.5-5 per cent but noted the ongoing political crisis could shave 0.3 percentage point off that target. During a visit to Beijing to meet Chinese officials, Korn
      Reuters  -  246 words
    • Article
      Lock icon S Korean central bank indicates possible rate rise
      552 13 Reuters [SEOUL] South Korea’s central bank signalled yesterday that it was getting ready to start raising interest rates, cementing the market’s view of a hike in a few months and sending bond futures down. After a policy meeting, the Bank of Korea
      Reuters  -  552 words
    • Article
      Lock icon Eurozone economy up 0.2% in Q1 despite Greek crisis
      591 13 AP [LONDON] The economy of the 16 countries that use the euro currency grew modestly during the first quarter of the year, despite a further big drop in output in debt-laden Greece. The economy grew by 0.2 per cent in the
      AP  -  591 words
    • Article
      Lock icon Retirees’ growth test for Japan to finance its debt
      490 13 It may have to look for foreign buyers of its bonds: govt Bloomberg [TOKYO] Japan may lose its ability to domestically finance its debt “in a few years” because of a surge of retirees in 2012, according to an analyst at
      Bloomberg  -  490 words
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      135 13 FINE a RARE WINE Chateau Margaux 1983 Chateau Mouton Rothschild 2000 Chateau Lafite-Rothschild 1982 m Romanee-Conti Assortment 2001 PRE-WAR BALINESE MODERNIST PAINTINGS and MODERN BALINESE TRADITIONAL PAINTINGS Auction: Saturday, 15 May 2010, starting at: 14.00 FINE ft RARE WINE Auction Sunday, 16 May 2010, starting at: 10.30 ASIAN CONTEMPORARY AND
      135 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia’s Q1 economy may expand most since 2000
      750 14 Acceleration may convince central bank to up interest rates: economists Bloomberg [SINGAPORE] Malaysia’s economy probably grew the most since 2000 in the first quarter, an acceleration that may convince the central bank to raise interest rates even in the aftermath of Europe’s
      Bloomberg; AFP  -  750 words
    • Article
      Lock icon M’sian group cancels race riots anniversary rally
      347 14 AFP [KUALA LUMPUR] A rally by a Malay Muslim group on the anniversary of Malaysia’s deadliest race riots has been cancelled, officials said yesterday, after fears that it would inflame tensions. Malay rights group Gertak had planned to gather 10,000 people to mark
      AFP  -  347 words
    • Article
      Lock icon KL to sell select plots of land to private sector
      393 14  -  By S JAYASANKARAN THE Malaysian government agreed last week to the privatisation of several tracts of governmentowned land in Kuala Lumpur, executives familiar with the matter say. The largest of the deals will be the sale of Sungei Besi airport,
      393 words
    • Article
      Lock icon Yudhoyono to name new finance minister in May
      421 14 A handful of names have been bandied about in circles Bloomberg [JAKARTA] Indonesian President Susilo Bambang Yudhoyono will announce his choice to replace Finance Minister Sri Mulyani Indrawati before she leaves for a World Bank job in Washington on June 1, Economic
      Bloomberg  -  421 words
    • Article
      Lock icon Indonesia to curb subsidised fuel supplies
      357 14 Reuters [JAKARTA] Indonesia plans to curb the supply of subsidised fuel in the domestic market this year in a bid to reduce the cost of subsidies, a government official said yesterday a move that could add to inflationary pressure. Curbing the domestic supply of
      Reuters  -  357 words
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      3 14 HRSHI® EL>I,S www.radio9l3.com
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      46 14 'b Lianhe Zaobao Four keys to gaining a foothold in the Chinese market To subscribe, call 6388-3838 or go to sphsubscription.com.sg GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@spti.com.sg. MATS
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China-Taiwan trade talks hit speed bump
      531 15 Taiwan objects to the use of the word ‘liberalisation’ in the proposed agreement Reuters Xinhua [TAIPEI] Talks between China and Taiwan on a landmark pact that could give a big lift to US$109 billion in annual trade have stumbled on the choice of wording
      Reuters; Xinhua  -  531 words
    • Article
      Lock icon iPad’s take-up in China will be slow: analyst
      353 15 Xinhua [BEIJING] There is a long way to go for Apple Inc to sell its iPad in Chinese mainland, a local analyst predicted here yesterday. “Apple Inc needs to form partnerships with Chinese carriers to enable iPad’s 3G services,” said Zhang Lijun,
      Xinhua  -  353 words
    • Article
      Lock icon New one-time fee may hit Indian telcos hard
      387 15 It adds to earnings worries amid price war, 3G auction Reuters [NEW DELHI] A new proposal to levy additional fees for mobile spectrum in India’s cut-rate telecoms sector stoked earnings worries for Bharti Airtel, already caught in a vicious price war and
      Reuters  -  387 words
    • Article, Illustration
      Lock icon Battle in wealthy Hong Kong over minimum wage for workers
      912 15 Low level seen as sign of political, not economic, measure AFP [HONG KONG] Yan, a waitress who grew up on China’s mainland, is among hundreds of thousands working for pay sometimes as low as US$2.75 an hour, supplying the money-ob-sessed
      AFP  -  912 words
    • Article, Illustration
      Lock icon Indian companies slowly warming up to the business of sport
      669 15 AFP [NEW DELHI] When it comes to sport, India has always been something of a sleeping giant, lacking the sort of hunger that has seen neighbouring China transform itself into an Olympic powerhouse. Until recently, it was essentially viewed as
      AFP  -  669 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Global recovery boosts food makers' fortunes
      676 16 Food-related shares in S-E Asia may climb further as food firms enjoy increasing sales and rising margins Reuters [BANGKOK] South-east Asian food makers are reporting a sharp rise in demand on the back of a recovering global economy and rising incomes, suggesting the region’s
      Reuters  -  676 words
    • Article
      Lock icon Capital fleeing Europe debt markets may flood Russia
      566 16 Govt under pressure to set up capital controls Bloomberg [MOSCOW] Russia faces a “massive” capital influx as investors look for alternatives to Europe’s crisis-rid-den debt markets, said Mikhail Dmitriev, president of the Center for Strategic Development. That’s putting pressure on Russian policy
      Bloomberg  -  566 words
    • Article, Illustration
      Lock icon Aquino vows quick corruption probe on Arroyo team
      456 16 He slams appointing Corona as Supreme Court chief justice Reuters AP [MANILA] Senator Benigno Aquino, far ahead in the Philippine presidential election count yesterday, said that he will move quickly to fulfil his vow to investigate the outgoing administration of President Gloria
      Reuters; AP  -  456 words
    • Article
      Lock icon Bumpy road ahead for US climate change policy
      447 16 AFP [WASHINGTON] After a nearly year-long delay, the US Senate took up legislation yesterday on the firstever nationwide system to battle climate change. But the political battle may only be beginning. Casting a shadow over the bill is a major oil leak
      AFP  -  447 words
    • Article
      Lock icon Drifting satellite threatens US cable TV programmes
      406 16 Intelsat loses control of Galaxy 15 which may drift into an adjacent orbit AP [LONDON] A TV communications satellite is drifting out of control thousands of miles above the Earth, threatening to wander into another satellite’s orbit and interfere with cable programming across
      AP  -  406 words
    • Article
      Lock icon Thai govt calls off talks with ‘Red Shirt’ protesters
      336 16 AFP [BANGKOK] The Thai government is no longer negotiating with anti-government protesters occupying Bangkok’s main shopping district and has called off a proposed Nov 14 election, a senior government official said yesterday. Prime Minister Abhisit Vejjajiva had proposed on May 3
      AFP  -  336 words
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  • WORLD
    • Article, Illustration
      Lock icon Senate votes audit of Fed’s emergency moves
      559 17 It rejects proposal to allow continuous probes into the US central bank’s policy Bloomberg [WASHINGTON] The Federal Reserve would be subject to a one-time audit of its emergency lending programmes under an amendment passed by the Senate while dodging a more far-reaching proposal
      Bloomberg; AFP  -  559 words
    • Article
      Lock icon New US rules for asset-backed securities
      529 17 They must pass requirements of FDIC AP [WASHINGTON] US banking regulators on Tuesday proposed stricter rules for banks that create as-set-backed securities, the bundles of loans that helped spark the market collapse in 2008 and the near-meltdown of the financial system. The securities, which
      AP  -  529 words
    • Article, Illustration
      Lock icon ‘Flag’ fetches record US$28.6m at Christie’s
      579 17 Bloomberg [NEW YORK] A Jasper Johns painting of the American flag from the estate of author Michael Crichton sold for a record US$28.6 million on Tuesday night in New York at Christie’s International’s biggest contemporary art auction in two years. The US$231.9 million total
      Bloomberg; XINHUA  -  579 words
    • Article
      Lock icon Morgan Stanley CEO denies it misled investors
      521 17 Bloomberg [TOKYO] Morgan Stanley chief executive James Gorman has denied allegations that the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt
      Bloomberg  -  521 words
    • Article
      Lock icon European banks’ Q1 results reflect economic recovery
      482 17 Reuters [AMSTERDAM] Banks across Europe mostly beat estimates for first-quarter earnings yesterday, as markets from Italy to the Netherlands showed signs of economic recovery taking hold. Margins generally improved, volumes rose and bad debt provisions fell as banks edged closer to something resembling
      Reuters  -  482 words
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  • FOCUS: THE TORY RESURRECTION
    • Article, Illustration
      Lock icon Big challenge for Cameron from the start
      1183 18 The new British prime minister faces conflicting demands both inside and beyond his coalition NYT [LONDON] THE Conservative Party that David Cameron inherited in 2005 was a disoriented shadow of its once mighty self, riven by ideological disarray, wounded by endless power struggles
      NYT; REUTERS  -  1,183 words
    • Article
      Lock icon UK joblessness touches 16-year high in Q1
      578 18 Bloomberg [LONDON] UK unemployment climbed to a 16-year high in the first quarter, underlining the fragility of the recovery as Conservative David Cameron begins his premiership. Unemployment measured by International Labour Organization (ILO) methods rose 53,000 to 2.51 million, the Office for National
      Bloomberg  -  578 words
    • Article, Illustration
      Lock icon UK plans budget with £6b cuts in 50 days
      471 18 Both Tories and Lib Dems retain pledges not to join euro Bloomberg [LONDON] David Cameron’s chancellor of the exchequer, George Osborne, will prepare an emergency budget within 50 days containing £6 billion (S$12.37 billion) of spending cuts to narrow Britain’s record
      Bloomberg; AFP  -  471 words
    • Article
      Lock icon Countries in Europe prove coalitions work
      698 18 Such govts were successful in tackling crises, say analysts Reuters [LONDON] Recent European history teems with examples of durable coalition governments that tackled crises head on, giving Britain’s new Conservative Prime Minister David Cameron reason to hope he can prove sceptics wrong. Italy, with
      Reuters  -  698 words
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  • AVIATION
    • Article
      Lock icon Cathay Pacific resumes devt of HK cargo terminal
      348 19 Reuters [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong’s dominant air carrier, has resumed development of a HK$5.5 billion (S$978 million) air cargo terminal in Hong Kong, the company’s chairman said yesterday. “The main contract for this development has been let and
      Reuters  -  348 words
    • Article, Illustration
      Lock icon Boy, 8, survives plane crash that kills all 103 others on board
      398 19 Airbus breaks up on landing at Libyan airport; cause of crash not known AFP [TRIPOLI] A Libyan plane arriving from South Africa disintegrated on landing at Tripoli airport yesterday, killing 103 people but an eight-year-old Dutch boy was
      AFP; AP  -  398 words
    • Article
      Lock icon Emirates to expand fleet to meet rising volumes
      453 19 The airline reports five-fold jump in full-year earnings Reuters [DUBAI] Emirates airline said it expects passenger and cargo volumes to rise this year and would order more aircraft after posting a five-fold increase in full-year profit. “The group will continue to achieve
      Reuters  -  453 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2868 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
      2,868 words
    • Article
      Lock icon Jetstar to launch long-haul flights from S’pore
      272 19  -  It will also boost hub operations here and employ at least 200 more people By VEN SREENIVASAN [SINGAPORE] Qantas low-cost unit Jetstar will launch long-haul services out of Singapore to destinations in North-east Asia, southern Europe and Australia. The airline will base two
      272 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      340 19 CRYPTIC CROSSWORD Across 1 Maiden maybe with nothing on? That keeps them thrilled! (4,3,4) 10 Look about with hesitation as someone filling in for another (5) 11 Fruit from Ireland wanted by English with original taste (9) 12 16 Sorry, hikers retire nasty dogs! (9,8) 13 Gas with a group
      340 words
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  • Page 20 Advertisements
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      35 20 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? O 6 TO ADVERTISE, CALL JOE WONG AT 9620 1327 I THE BUSINESS TIMES inc UUJN-JLJJ IIIVICJ SHIPPING TIMES
      35 words
  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4406 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.
      4,406 words
    • Article, Illustration
      Lock icon DP World may pump US$1b in India port
      551 21 It will be India’s first port capable of handling the biggest container ships Bloomberg [MUMBAI] DP World may invest as much as US$1 billion in the first Indian port able to handle the largest container ships as the company tries to challenge
      Bloomberg; BLOOMBERG  -  551 words
    • Article
      Lock icon Maersk back in profit as freight rates improve
      241 21 Bloomberg [COPENHAGEN] AP Moel-ler-Maersk, the owner of the world’s largest container shipping line, returned to profit in the first quarter as freight rates jumped and global trade picked up. Net income including minority interests was 3.44 billion kroner (S$627 million) compared with
      Bloomberg  -  241 words
    • Article
      Lock icon Mercator posts 46% drop in earnings
      361 21  -  By VINCENT VINCENT WEE [SINGAPORE] India-fo-cused dry bulk player Mercator Lines (Singapore) posted a 46 per cent drop in full-year net profit to US$40.7 million from US$76.1 million a year earlier as rates plunged amid a volatile market environment. Revenue for FY10 ended March
      361 words
    • Article
      Lock icon Banks, trade houses expand freight desks
      147 21 Reuters [LONDON] Financial institutions and commodity trading houses are expanding their shipping desks to tap into freight market volatility, a top recruiter said on Tuesday. While there are signs of economic recovery, freight rates across all shipping sectors have yet to rebound to the
      Reuters  -  147 words
    • Article
      Lock icon Proposal to break up agency policing, partnering oil firms
      694 21 Enforcement duties to be split from revenue collection NYT [WASHINGTON] The Obama administration on Tuesday proposed breaking up the agency responsible for both policing the oil industry and acting as its partner in drilling activities, seeking to end a de-cades-old relationship
      NYT  -  694 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Property agencies clean-up long overdue
      487 22 EDITORIAL SELDOM has news about an upcoming new statutory board been more welcomed than the announcement that a Council for Estate Agencies is on the cards, even if it’s a move that’s not so much timely as long overdue. The new licensing requirements and rules
      487 words
    • Article, Illustration
      Lock icon Now it’s Europe’s turn, but there’s no joy in the US
      798 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IN THE aftermath of the collapse of Lehman Brothers and the ensuing meltdown on Wall Street, some Europeans took a certain pleasure over the economic mess across the Atlantic. French commentators suggested
      798 words
    • Article, Illustration
      Lock icon The shifting tax balance in post-crisis period
      954 22  -  Any shift from direct taxes to indirect taxes will have far-reaching implications for MNCs By PHILIP ROBINSON, YEO KAI ENG Philip Robinson is head of Global Indirect Tax Services at Ernst Young and Yeo Kai Eng is tax partner of GST Services at
      REUTERS  -  954 words
    • Article, Illustration
      Lock icon CFOs are now in the driver’s seat
      1033 23  -  Their era as key influencers in management is here as their bosses want them to provide forecasts and manage risks By G G VENKATRAGHAVAN The writer is managing partner, IBM Global Business Services in Singapore THEglobaleconomicdownturn has put a bright spotlight on chief
      BLOOMBERG  -  1,033 words
    • Article
      Lock icon Boosting S’pore’s accountancy sector
      300 23 THE Committee to Develop the Accountancy Sector (CDAS) submitted its final report to the Minister for Finance on April 12, 2010. The CDAS was formed by the Ministry of Finance in December 2008 to undertake a holistic review of the Singapore accountancy sector and profession, with
      300 words
    • Article, Illustration
      Lock icon Oil spill will mar BP’s reputation
      729 23  -  By BILL BILL RYLANCE The writer is founder CEO of WATATAWA, an Asia-based communications consulting and strategic investment firm. THE overall cost of the BP rig’s oil spill in the Gulf of Mexico is going to be massive and not since the Exxon Valdez,
      729 words
    • Article
      Lock icon Baker Tech, Yangzijiang shareholders need info
      203 23  -  LETTER TO THE EDITOR Denis Distant I REFER to the article “SembMarine’s lingering quandary” (BT, May 12). As a Baker Tech shareholder, I am surprised at why SembMarine has acted in the manner they have done, leaving Baker Tech shareholders in a quandary not
      203 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8869 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 5.5 3148 8Telecom 16xd 15.5 16.5 1.7 11.3 5.1 76.6 10 5.5 5834 A-Sonic 7 unch 30 7 7 7 7.5
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    • Article
      Lock icon SGX CATALIST
      1847 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 6.5 unch 70 6.5 6.5 6.5 7.5 36.1 6.3 25 12 8538 t APStrategic 18.5 +0.5
      1,847 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9408 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.21/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.6461/ Asian Credit Fund 1.2454/ Asian
      9,408 words
    • Article
      Lock icon SGX ETF
      672 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 $mil 112 107 6389 ABF SG Bond ETF 111 109.5 112 506.7 883 594 CIMBAsean40 100US$ US847 +19 20 847 847 852 857 33.9 306
      672 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 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 $mil 56 26 6000 AVJennings A44 41 49 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19.5 unch 1753 20 19.5 19.5 20
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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 11 Index Change Change Change Change Change Change World Index Preliminary 841.1 -0.2 1.0 -0.3 -3.2 -0.4 -1.7 EAFE Preliminary 766.4 -0.9 -2.3 -1.3 -9.7 -1.4 -8.4 Europe Preliminary 1092.9 -0.7
      365 words
    • Article
      Lock icon INTERBANK RATES
      177 26 May 12 $S Offer Bid Overnight 1/16 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.02 US$ 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 1.10 0.90 12
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 May 12 S$ Bid Offer 1-month 1.3814 1.3828 2-months 1.3814 1.3828 3-months 1.3814 1.3828 6-months 1.3812 1.3827 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      148 26 May 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 360.0 350.0 365.0 62 Jul 10 330.0 Aug 10 304.0 Sep 10 287.5 Oct 10 285.0 282.0 286.0 20 Nov 10 285.0 282.0 285.0 20 Dec 10
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 26 May 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 12.08.2010 0.29 0.24 0.23 1-Year BY*****W 03.05.2011 0.33 0.30 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.20 104.25 104.15 5-Year N*****0N 1.375
      90 words
    • Article
      Lock icon CHICAGO BOT
      105 26 May 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 958.25 952.75 961.00 946.50 Jul 10 966.00 961.00 969.00 953.25 Aug 10 962.50 957.75 964.75 951.00 Sep 10 946.00 942.75 948.25 936.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.03 38.10 38.31
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS May 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.69 0.81 WTI (Near Mth) 75.84 -1.25 Dubai (1-Mth F) 79.50 -1.57 Tapis blend 83.35 -2.30 Minas 82.50 -2.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.67 -2.44 Jet Kerosene 90.30 -1.75 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2313 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 unch 900 1 15 5.29 48 4085 ASJ Hldgs W*****1 4 1 4 7 1.88 21 2036 Advance SCT Ltd W*****9 0.5 1 87 2400
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 26 May 12 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2270 1.2640 Can dollar 1.3460 1.3630 Euro 1.7360 1.7570 NZ dollar 0.9830 1.0050 Sterling pound 2.0470 2.0700 US dollar 1.3740 1.3900 Local dollars to 100 units of
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 May 12 Open High Sett STI May 2872 SIMSCI May 336.5 341.8 340.6 Taiwan May 269.9 272.8 270.0 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      77 26 May 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2557 2546 2558 2552 68 376 Jun 10 2526 2521 2531 2517 862 9191 Jul 10 2512 2507 2516 2500 4519 ***** Aug 10 2501 2499
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      365 26 May 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4800 0 1351 Sep10 99.3500 0 697 Dec10 99.1950 0 735 Mar11 98.9750 0 1495 EUROYEN TIBOR FUTURES Jun10 99.6250 99.6250 99.6200 99.6200 561 5518 Sep10 99.6400 99.6400 99.6400 99.6450 103 3151 Dec10 99.6500 0 1761
      365 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 26 May 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.911 6.110 0.707 6.963 40.407 81.431 0.832 10.237 2.876 1.250 75.190 40.317 1.237 6.719 0.995 28.326 28.917 0.597 0.895 Canada 1.097 6.704
      466 words
    • Article
      Lock icon SIBOR
      85 26 May 12 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 May 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2358 1.2377 0.8946 0.8951 Canadian dollar 1.3559 1.3579 0.9815 0.9820 Euro 1.7493 1.7513 1.2663 1.2666 NZ dollar 0.9888 0.9904 0.7158 0.7163 Sterling pound 2.0685 2.0713 1.4974 1.4980
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 26 May 12 GOLD (US$/oz) May 12 May 11 Hong Kong 1131.80 1209.20 May 10 May 11 London 1199.10 1219.95 1199.90 1220.95 Source: Thomson Reuters CAST BAR May 12 (S$) Selling Buying Kilobar 58,329.98 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130.54 54 5gm 371.29 272 10gm 662.33
      138 words
    • Article
      Lock icon LONDON METALS
      70 26 May 11 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2073.00 2114.25 3 months 2105.00 2147.00 Copper, Grade A (US$/tonne) Cash 7013.50 7084.25 3 months 7050.00 7120.00 Lead (US$/tonne) Cash 2018.50 2076.75 3 months 2050.00 2108.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon LIFFE
      77 26 May 11 COCOA (£/tonne) Close Prev High/Low May 10 2252 2331 2324/2248 Jul 10 2273 2353 2344/2265 Sep 10 2235 2309 2301/2227 Dec 10 2205 2273 2251/2196 COFFEE (US$/tonne) Close Pev High/Low May 10 1351 1337 1352/1330 Jul 10 1398 1385 1400/1368 Sep 10 1433 1418 1435/1404 SUGAR (US
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  • BizIT
    • Article, Illustration
      Lock icon Growth seen in managed security
      880 27  -  Multinationals, govt key adopters, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE Singapore managed security services (MSS) market is expected to grow by 25 per cent this year, driven by renewed IT investment by companies coming out of the recession. Speaking to BizIT, Cathy Huang,
      880 words
    • Article, Illustration
      Lock icon Apple’s Jobs fully operational a year after his operation
      524 27 Bloomberg [SAN FRANCISCO] Apple Inc’s Steve Jobs, a year after getting a liver transplant that saved his life, is back at work full tilt, overseeing product development, leading a campaign against Adobe Systems Inc’s Flash and endorsing a California law that
      Bloomberg; AFP  -  524 words
    • Article
      Lock icon Operation costs holding back IT budgets
      539 27  -  More Asia-Pac firms face problem than global peers: survey By TIMOTHY SEOW FIRMS in the Asia-Pacific and Japan (APJ) region are finding their innovation spending stymied because IT budgets are being dominated by operational costs more so, in fact, than their global counterparts, a
      539 words
    • Article
      Lock icon Intel raises long-term margin target
      223 27 Reuters [SANTA CLARA, California] Intel Corp expects to double its earnings growth in the next few years and on Tuesday raised its long-term margin outlook, as the world’s top microchip maker spreads its chips beyond PCs to gadgets like smartphones and televisions. Chief executive Paul
      Reuters  -  223 words
    • Article
      Lock icon Software piracy a big security threat: BSA
      714 28  -  Study says S’pore can do more to cut piracy levels, reports RAJU CHELLAM RAJU CHELLAM COMPANIES that allow their employees to run pirated or unlicensed software may be risking more than just viruses getting into corporate servers and compromising sensitive or confidential data.
      714 words
    • Article
      Lock icon Will cloud computing cut piracy?
      396 28  -  By RAJU RAJU CHELLAM WILL cloud computing, where software is delivered as a service (SaaS) from re-motely-located data centres, have any impact on software piracy? Not much, not right away, according to BSA (Business Software Alliance). At the moment, cloud computing is in an embryonic
      396 words
    • Article
      Lock icon iPhone still leads in Singapore: AdMob
      617 28  -  iPhone OS is also the leading OS in Australia and HK By CHAN YUPING THE iPhone still leads the pack of smartphones in Singapore, according to a recent report on the growth and usage of mobile Internet by AdMob, one of the world’s largest
      617 words
    • Article, Illustration
      Lock icon Nokia goes ‘back to future’ in bid to topple iPhone
      677 28 Bloomberg [HELSINKI] Nokia Oyj has chosen Anssi Vanjoki, an outspoken executive who produced its last hit smartphone three years ago, to bring back the buzz. Mr Vanjoki, a 20-year company veteran named on Tuesday to take over a new smartphone
      Bloomberg; REUTERS  -  677 words
  • Page 27 Advertisements
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      209 27 SEMICON Singapore20l0 Pre-register now to double your chance to win the daily draw for the grand prize Apple iPad! 19-20 May 10am to 5pm 21 May 10am to 4pm Suntec Singapore International Convention and Exhibition Centre www.semiconsingapore.org r A m V Kf ■V Explore what the future holds for the
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      432 28 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF HEMPHILL PTE LTD (Co. Registration No. *****6143K) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named company, duly convened and held at 2
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      440 28 NOTICE I Guy Charles Owen, bachelor of 35 Robin Road, 09-04 Robin Regalia, Singapore *****0 intend to marry Olivia Frances Hayden, single of 35 Robin Road, 09-04 Robin Regalia, Singapore *****0, at Four Seasons Resort Bali at Sayan, Gianyar *****, Bali, Indonesia on 14th July 2010. Any person knowing of
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  • PROPERTY
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      Lock icon Apartments’ rent pays way for national park
      1052 29 Rehabilitation of abandoned hospital into luxury building helping to push park towards self-sufficiency NYT [SAN FRANCISCO] Renters here will soon have an unusual housing option: a 154-unit luxury apartment building inside a national park. For the last 30 years, the property was an
      NYT; BLOOMBERG  -  1,052 words
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      Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 14 AND 20, 2010
      1261 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 One Shenton Apt 15/04/2010 99 840 1436 1710 The Atria At Meyer Apt 14/04/2010 FH 1615
      1,261 words
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      Lock icon Shanghai may impose property tax
      491 30 City’s prices seen falling as much as 40%; declines in other cities to follow Bloomberg [SHANGHAI] Shanghai may impose its own residential property tax to cool price increases in China’s richest city, Shanghai Securities News reported yesterday, citing unidentified people close to the government. The
      Bloomberg; REUTERS  -  491 words
    • Article
      Lock icon Aussie home loan demand falls
      546 30 Reuters [SYDNEY] Australian demand for loans to buy houses sank to nine-year lows in March, providing further evidence that rising interest rates and a roll back in government cash handouts were hurting the mood of home buyers. The slackening demand adds to the case for
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      Lock icon Asian firms revive debt plans as markets calm
      361 30 Reuters [HONG KONG] China’s underground mall developer Renhe Commercial Holdings was expected to price its bonds as early as yesterday, sources said, a few days after it was deferred, in a sign that debt markets are stabilising. Renhe last Friday delayed its
      Reuters  -  361 words
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      Lock icon Is demand for GLS sites outstripping supply?
      938 31  -  Going by recent state tenders, new records likely to be set in residential property prices COMMENTARY ARTHUR SIM Correspondent RECORD property prices are being set for new developments even before a single unit is sold. While this may seem ludicrous to some, high
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      Lock icon Upturn for JTC ready-built facilities
      405 31  -  Q1 net allocation turns positive after 6 negative quarters By UMA SHANKARI JTC Corp said yesterday that net allocation of its ready-built facilities (RBF) returned to positive territory in the first quarter of this year after six consecutive negative quarters. Net allocation hit 8,900 square
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      Lock icon HK says measures to cool property sector working
      427 31 AFP [HONG KONG] Hong Kong said yesterday that its efforts to cool the property market in the crowded former British colony showed signs of working after its latest land sale met a lacklustre response. A site for non-industrial use near the city’s
      AFP  -  427 words
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      204 30 ELEGANT, SOPHISTICATED STYLISH LIVING Life At The Top-Penthouse Ardmore Pk Singapore's most desirable address Unrivalled location in central Orchard 8700sf of beautifully designed, gracious living spaces, elegant bathrooms with natural light Extensive terraces of 2000sf offering stunning views from 29th fir Choice Penthouses Tate Res The Grange/ The Claymore/The Imperial/St
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      199 30 BULK SALE HUGE DISCOUNT BRAND NEW PRIME FREEHOLD RESIDENTIAL NEARBY ORCHARD PARAGON 3BDRMS: 2100sf 4BDRMS: 2600 2800sf COMMERCIAL BUILDINGS FOR SALE CBD FREEHOLD ROBINSON RD Site Area: 10,000sf GFA: 115,000sf D.07 FREEHOLD MIDDLE RD Site Area: 20,000sf GFA: 94,000sf D.09 FREEHOLD MARTIN RD Site Area: ll,000sf GFA: 35,000sf FOR SALE
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      144 30 SENTOSA COVE BUNGALOWS/ LAND FOR SALE TREASURE ISLAND ***** sq ft, Build up ***** sqft Top finishes, Private berth Very exclusive, Nice layout TOP soon! CORAL ISLAND 6500/7300 sqft Private berth vacant Only $12.5M SOUTH COVE *****/***** sqft Wide frontage, Most beautiful seaview 36m pool, Top finishes, 5 minswalkto Tanjong
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      190 30 SENTOSA LANDED PROPERTIES FOR SALE SOUTH CLOVE 9000/7000sqft .Face Golf Course View. Private Lift. Top Soon! 6800/7000sqft. 5 plus study .Golf Course-View with parital seaview. 9000/7500sqft. Beauiful Seaview with bayview. One n Only! Land 18,500sqft. Direct Seaview. Wal king distance to beach. 8000/*****sqft 6 plus 2 room. Face Waterway. Price
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      204 31 Australian Property Expo Seminars Property,Finance ,Taxation, Rental Management, Migration, Investment Come and view quality properties from all Australian States. Meet with developers and attend seminars outlining the benefits of Australian property ownership and why the Australian Property Market is continuing to show strong ongoing growth. Gain valuable insights into the
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      160 31 CBRE CB RICHARD ELLIS D r-sfc >• BIGW M kYi# Campsie Centre: 14-28 Amy Street Sub-regional shopping centre anchored by Big W (7,600sqm*) on a new 15 year lease (exp 2022) Complemented by a popular VPlus Asian supermarket, 2 mini majors and 52 specialties High performing Woolworths Supermarket situated directly
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      1719 32 ADVERTISING FEATURE Innovative Transformations for Future Data Centres Innovations transform businesses of all sizes, in every industry. Some of history's biggest technological breakthroughs, from the spinning jenny and steam engine to the telephone and the Internet have profoundly impacted organisations worldwide enhancing productivity and opening doors towards greater profitability and
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