The Business Times, 14 May 2010

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Microfilm: NL30668
Total Pages: 34
1 34 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, May 14, 2010
    23 words
  • Article, Illustration
    Lock icon Fat dividend caps robust SingTel quarter
    692 1  -  Strong performance across the group boosts fourth quarter earnings by 12.4% By WINSTON CHAI [SINGAPORE] Singapore Telecommunications is rewarding shareholders with its highest dividend payout in two years after posting a better-than-expected 12.4 per cent increase in fourth-quarter net profit to $1.02 billion. Southeast
    692 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 2,867.92 (-12.41) ST INDEX FUTURES 2,860 (-12) SIMSCI 340.96 (-0.94) SIMSCI FUTURES 340.60 (unch) FOREX US$ S$ US$ (S$ per US$) 1.378 (US$/S$ per 1.485 2.048 EURO (US$/S$/E) 1.265 1.743 Foreign currency per US$ S$ YEN 93.40 67.80 RM 3.198 2.320 HK$ 7.782 5.645 BAHT 32.35
    140 words
  • Article
    Lock icon Broadcast group bristles at new pay-TV policy
    840 1  -  But MDA says measure does not impose any form of compulsory licensing By WINSTON CHAI [SINGAPORE] Singapore’s new pay-TV policy is stirring up more controversy, with a regional broadcasting association now issuing a stern warning that the country’s burgeoning media sector could cool
    840 words
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      104 1 THAI UNREST Protest chief shot in Bangkok PAGE 18 OPINION The making of modern Great Silk Road PAGE 20 HOCK LOCK SIEW Did KepLand overpay for Lakeside Drive site? PAGE 6 EMERGING ENTERPRISE MindWave Solutions: Going above and beyond PAGE 12 EXECUTIVE LIFESTYLE Contemporary hits PAGE 32 Local media house
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      531 2 Fat dividend caps robust SingTel quarter SINGAPORE Telecommunications is rewarding shareholders with its highest dividend payout in two years after posting a better-than-expected 12.4 per cent increase in fourth-quarter net profit to $1.02 billion. FRONT PAGE Broadcast group bristles at new pay-TV policy SINGAPORE’S new pay-TV policy is
      531 words
    • Article, Illustration
      Lock icon UK’s new premier promises ‘seismic shift’
      663 2 He and Lib Dems consider a record deficit as the most urgent issue AFP [LONDON] Britain’s new premier David Cameron vowed a “seismic shift” in how the country is governed, unveiling a historic coalition that he said would transform the political landscape. A day
      AFP; REUTERS  -  663 words
    • Article, Illustration
      Lock icon KL hikes rates as growth tops 10% in Q1
      580 2  -  By in S JAYASANKARAN MALAYSIA’S output grew 10.1 per cent in real terms during the first quarter, forcing the central bank to raise interest rates for the second time this year. Bank Negara Malaysia (BNM) raised its overnight policy rate by
      AFP  -  580 words
    • Article, Illustration
      Lock icon Genting widens loss despite RWS opening
      427 4  -  It reports Q1 loss of $396.3m, but revenue more than quadruples to $460m By JAMIE LEE [SINGAPORE] Despite promising contributions from Resorts World Sentosa (RWS), Genting Singapore ended its first quarter with a huge group net loss of $396.3 million, due to impairment loss
      BLOOMBERG  -  427 words
    • Article, Illustration
      Lock icon Accounting standards: Asia’s time is here
      718 4  -  With region’s bigger clout, next global board chief could well be an Asian By MICHELLE QUAH [SINGAPORE] The Asia-Pa-cific and Singapore, in particular can, and should, play a pivotal role in what is increasingly being seen as a source of much global political power:
      THONG KAH HOONG/LIANHE ZAOBAO  -  718 words
    • Article
      Lock icon Factory rents may rise 10%: Colliers
      345 4  -  By EMILYN YAP [SINGAPORE] Rents, land values and capital values of conventional industrial space in Singapore could rise 10 per cent in the next 12 months, as the economy improves and institutional investors return, said Colliers International yesterday. The consultancy found that the market
      345 words
    • Article
      Lock icon Tighter EU rules mooted to look into govt spending plans
      578 4 AP [BRUSSELS] European Union officials have urged a crackdown on widespread government overspending, calling for much closer economic coordination between EU nations to curb the acute debt crisis that has threatened to sink their shared currency. The plan presented on
      AP  -  578 words
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      135 2 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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      45 2 Correction IN the report “Plans to raise number of pharmacists here” (BT, May 13), the speech was delivered by the Senior Parliamentary Secretary for Manpower and Health Hawazi Daipi, and not by Singapore Pharmacy Council president Wu Tuck Seng. We are sorry for the error.
      45 words
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      Lock icon Page 2 Advertisements Column 3
      27 2 Kingmaker Clegg takes share of power, Pg 18 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      27 words
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      222 words
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      164 4 Zeng Fanzhi Li Chen Ju Ming v k Yue Min Jun te#fr Handiwirman Saputra Agus Suwage O I* V ■X Lfl, s**3 Lee Man Fong I a. SB I Nyoman Masriadi Flendra Gunawan Ida Bagus Made Togog Fancy Orangy Pink and Diamond Ring, weighing 6.04 carats I Made Gerembuang (Mas)
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      490 5 M RESIDENCE Freehold The Most Exclusive Green Address In Singapore PRIME DISTRICT 10 SPECIAL RELEASE OF THE CABANA COLLECTION y v < <* -A /.J. y m V*. Perch Yourself Amongst And Above The Treetops Whether it's breakfast in the company of chirping birds, tea with special friends, a romantic
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Tiger Airways swings back into the black
      483 6  -  It posted a net profit of $28.2m despite significant fuel hedging losses By VEN SREENIVASAN BUDGET carrier Tiger Airways clawed its way into the black for the year ended March 31, posting a net profit of $28.2 million despite significant fuel hedging losses.
      BLOOMBERG  -  483 words
    • Article
      Lock icon Olam Q3 earnings edge up 2.6% to $89.3m
      298 6  -  By CHEW XIANG OLAM International yesterday reported net profit for the third quarter of $89.3 million, up just 2.6 per cent from last year. Olam recorded sales of $2.71 billion, up 18.4 per cent. Diluted earnings per share increased to 4.08 cents
      298 words
    • Article
      Lock icon Cascal withdraws move for temporary restraint
      373 6  -  Sembcorp not launching tender offer before May 21 By VINCENT WEE CASCAL has withdrawn its court request for a temporary restraining order to stop Sembcorp’s launch of a voluntary tender offer (VTO) for shares of the US-listed Dutch water-treat-ment company. This follows a US
      373 words
    • Article
      Lock icon SCM ending JV deal with PPL: Baker
      223 6  -  By JAMIE LEE BAKER Technology said yesterday that Sembcorp Marine (SCM) has taken action to terminate its joint venture agreement with Baker’s subsidiary PPL Holdings (PPLH). This is on claims that Baker has breached the agreement by accepting a proposal from Yangzijiang Shipbuilding
      223 words
    • Article
      Lock icon Will KepLand taste success in Jurong this time?
      786 6  -  HOCK LOCK SIEW By KALPANA RASHIWALA DID Keppel Land overpay for the 99-year leasehold condo plot next to Lakeside MRT Station which it bought last week at an Urban Redevelopment Authority tender? KepLand’s top bid of nearly $500 per sq ft per
      786 words
    • Article
      Lock icon ETRL stake deal boosts Ramba
      424 9  -  By RONNIE LIM THE share price of Singa-pore-based oil and gas exploration and production (E&P) aspirant Ramba Energy rose almost a fifth yesterday morning. The rise came after news that Ramba is buying a 25 per cent stake in British Virgin Islands-incorpo-rated ETRL, which carries
      424 words
    • Article
      Lock icon Yanlord posts 23% drop in Q1 profit to $18.8m
      499 9  -  Revenue down 7.1% to $173m as the developer delivers fewer units By LYNETTE KHOO YANLORD Land Group reported a 23 per cent fall in net profit to $18.8 million in the first quarter ended March 31 from a year ago as
      499 words
    • Article, Illustration
      Lock icon Wing Tai reports 8% increase in Q3 profit
      338 9  -  Net profit of $23m; revenue up 67% y-o-y to $150m in period ended March By KALPANA RASHIWALA PROPERTY developer Wing Tai Holdings, controlled by the Cheng family, has posted net profit of $23.2 million for the third quarter ended March 31, 2010,
      FILE PHOTO  -  338 words
    • Article
      Lock icon Kingsmen’s Q1 net profit dips 2.5%
      313 10  -  Higher income tax expense drags down earnings By JAMIE LEE KINGSMEN Creatives posted a 2.5 per cent dip in first-quarter net profit, dragged by a higher income tax expense. The company which designs pavilions and booths used at exhibitions said net profit for the
      313 words
    • Article
      Lock icon Banyan Tree aims to diversify outside Thailand
      510 10  -  Its Q1 net profit rises 2% to $5.33m, revenue rises 9% to $96.24m By NISHA RAMCHANDANI THE ongoing political saga in Thailand has Banyan Tree Holdings aiming to diversify its portfolio by 2013, even as stronger contributions from its operations in the country
      510 words
    • COMPANY BRIEFS
      • Article
        Lock icon Swiber to list its business on Catalist
        57 10 SWIBER Holdings said it is seeking a proposed listing of its subsea services business on Catalist. It also reported a net profit of US$8.03 million in the first quarter of 2010, 18 per cent lower than the net profit a year ago. Revenue
        57 words
      • Article
        Lock icon Judicial managers for Sino-Env
        24 10 SINO-ENVIRONMENT said the High Court has granted its application to appoint two Ernst Young partners as its interim judicial managers.
        24 words
      • Article
        Lock icon Hyflux Water Trust Q1 DPU edges up
        50 10 HYFLUX Water Trust announced first quarter distribution per unit of 1.16 cents, up from 1.15 cents in the year-ago quarter. Cash available for distribution was $3.49 million, up from $3.44 million. Total revenue was $6.1 million with an operating profit of $2.4 million.
        50 words
      • Article
        Lock icon Straits Trading posts loss in Q1
        46 10 STRAITS Trading has swung into red in its first quarter ended March, after making an exceptional impairment provision of $20.5 million. It posted a net loss of $7.2 million compared with a net profit of $3.6 million a year ago.
        46 words
      • Article
        Lock icon Q2 profit soars 95% for WBL Corp
        67 10 WBL Corp has unveiled a 95 per cent surge in its net profit to $18.2 million for the fiscal second quarter ended March 31, compared to a year ago. Revenue slipped 1.7 per cent to $476 million. It recorded one-off gains of $3.9
        67 words
      • Article
        Lock icon Eu Yan Sang Q3 earnings double
        37 10 EU Yan Sang International posted a doubling in third-quarter net profit to $7.6 million on higher sales for the three months ended March. Sales rose 11 per cent to $75.2 million.
        37 words
      • Article
        Lock icon Hup Soon Global in the black in Q1
        53 10 HUP Soon Global swung into the black for the first quarter ended March, thanks to firmer sales. It posted a net profit of US$5.24 million compared to a net loss of US$1.08 million a year ago. Revenue was up 68.1 per cent
        53 words
    • Article, Illustration
      Lock icon Higher sales boost APB Q2 net 40% to $64.7m
      362 10  -  By EMILYN YAP Asia Pacific Breweries (APB) has turned in improved results for the second quarter ended March 31 on the back of higher beer sales in several markets and contributions from recent acquisitions. Net profit in Q2 was $64.7 million,
      362 words
    • Article
      Lock icon Etika posts H1 profit of RM30.6m
      297 10  -  By CHAN YUPING ETIKA International Holdings achieved a 25.8 per cent year-on-year jump in net profit to RM30.6 million (S$13.2 million) for the first half year ended March 31 as revenue rose 11.4 per cent to RM316.6 million. Calling the results a record first-half
      297 words
    • Article
      Lock icon At a glance
      220 10 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 STX PO 25.65 -98.54 nm 1,628.67 1,077.36 51.2 2 ChinaGaoxian 21.52 19.25 11.8 94.26 85.83 9.8 3 Yanlord 18.76 24.27 -22.7 173.11 186.37 -7.1 4 Li Heng 12.21 2.09 484.8
      220 words
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      Lock icon Page 6 Advertisements Column 1
      107 6 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 can
      107 words
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      51 6 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 long term lease available LHN Call GROUP CCTO nncc iiii.iimjHi oo/o
      51 words
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      27 6 SOLE MARKETING AGENCY LAST CALL FOR SEATS! INVITATION TO PRIVATE EVENT ON 15TH MAY 2010 (SAT) c ORCHARD HOTEL (1PM 5PM) CALL 6100 0038 8100 0038 NOW!
      27 words
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      233 7 World-renowned artists to work with Singapore's top young musicians through LANXESS SNYO Classic mentoring programme. Nothing speaks to the future of Singapore more eloquently than the beautiful music of the Singapore National Youth Orchestra. And now, German specialty chemicals company LANXESS is pleased to announce the three-year LANXESS SNYO Classic
      233 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fresh Europe fears knock stocks
      574 8  -  Hong Kong’s influence on ST Index is eclipsed by an early sell-off in the continent STOCKS R SIVANITHY Senior Correspondent FOR most of yesterday, the fortunes of traders swung in lockstep with momentum generated in Hong Kong’s Hang Seng Index (HSI) when the HSI threatened
      Source: Bloomberg  -  574 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 May 13 VALUE CLOSE BT OB/OS -980.00 -19.00 BT CADI -*****.00 +54.00 BT 10-day MA -*****.00 -98.00 FTSE ST Mid Cap 695.26 +0.34 FTSE ST Small Cap 548.36 +1.14 FTSE ST All Share 708.52 -2.25 FTSE ST China Top 276.58 -0.41 FTSE ST China 294.97 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Genting SP 166,813,000 Golden Agri 146,269,000 Yangzijiang 47,236,000 Cosco Corp 40,652,000 SingTel 33,673,000 UniFiber 32,487,000 Mermaid 31,287,000 NOL 29,848,000 Biosensors 26,086,000 JES 25,474,000 VALUE($) Genting SP 168,869,440 SingTel 99,941,110 DBS Grp 88,105,702 Golden Agri 81,457,300 Cosco Corp 65,858,500 NOL 64,365,620 Yangzijiang 63,328,110 OCBC Bk 50,002,110 UOB
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 5 0 0 0 6 7 5 Manufacturing 63 62 61 10 3 14 73 65 75 Commerce 18 21 27 4 2 6 22 23 33 Tpt/Stor/Comms 13 14 13
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon SC Global
        393 8 May 13 close: S$1.68 DMG Partners Securities, May 13 MAINTAIN “buy” at TP of S$2.26, pegged at a 20 per cent discount to RNAV: SC Global’s Q1 FY10 Patmi (profit after tax and minority interests) was below our estimates, due to slower than forecast project completions. Management is
        Source: Bloomberg  -  393 words
      • Article
        Lock icon Pacific Andes Resources
        587 8  -  Compiled by LYNETTE KHOO May 13 close: S$0.335 CIMB, May 13 IN LINE; maintain “outperform”: Q2 FY10 core net profit of HK$345.1 million or S$61.3 million (+1.1 per cent y-o-y) was in line with our expectations, forming 45 per cent of our FY10 core net profit estimate
        587 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,484 28,484 76,334 76,334 Manufacturing 370,307 21,652 391,959 252,385 1,533 253,919 Commerce 92,099 15,740 107,839 92,410 3,729 96,140 Tpt/Stor/Comms 189,132 250 189,382 317,357 37 317,393 Finance 34,887 2 34,889 217,102 217,102 Construction 59,554 10,242 69,796
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.070 +0.040 CapitaLand 3.710 +0.020 CapitaMall 2.000 +0.060 CityDev 10.660 -0.200 ComfortDelGro 1.490 DBS Grp 14.480 +0.040 F&N 4.700 -0.030 Genting SP 0.975 -0.035 Golden Agri 0.550 HK Land 4.960 +0.010 JMH 35.700 -0.700 JSH 20.140 -0.340
      110 words
    • Article, Illustration
      Lock icon Euro hits one-week low against dollar
      453 8 CURRENCIES [NEW YORK] The euro fell yesterday to a one-week low against the US dollar and a record trough versus the Swiss franc on concerns that the harsh fiscal tightening in Europe would lead to slower growth. Relief that countries such as Spain and
      BLOOMBERG  -  453 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 372.0 2.4 DBXT MSEurope 10US$ 3961 177.7 3.4 DBXT FTChina25 10US$ 2875 103.3 2.7 OUE 1976 66.0 3.5 Lyxor China H 10US$ 1510 44.1 2.2 DBXT MSAsExJp 10US$ 2786 41.3 1.1 DBXT MSINDO 10us$ 1174 40.0 2.5 SIA.ES.1005 1496 32.0 2.2
      110 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5040-106.1 -1.5 JMH 3570 -96.5 -1.9 JSH 2014 -46.9 -1.7 STXPO 100 1500 -30.0 -2.0 GLD 10US$ ***** -20.7 -0.1 CityDev 1066 -20.0 -1.8 Jardine C&C 2950 -16.0 -0.5 Keppel Corp 920 -15.0 -1.6 OCBC Bk 884 -9.0 -1.0 Parkway Hldgs
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    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands May 13 CHNG YR 2010 CLOSE FR May 12 S$ LOW S$ HIGH US$ 1.3796 0.01 1.4219 1.3680 Euro 1.7368 0.63 2.0153 1.7368@ Pounds 2.0377 0.81 2.2831 2.0293 A$ 1.2404 -0.22 1.2960 1.2276 Yen* 1.4884 -0.34 1.5927 1.4467 Rupiah* 0.***** -0.25 0.***** 0.***** Baht* 4.2646 0.18
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      125 9 ENERGY EFFICIENT INDUSTRIES It is not just a vision, it is in your hands. Energy efficiency is fast becoming a currency for the global competitiveness of companies as it enhances long-term business competitiveness and improves bottomlines. As such, the National Environment Agency (NEA), Energy Market Authority (EMA) and Economic Development
      125 words
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      776 10 BANK OF SINGAPORE LIMITED Registration Number: *****0866R Registered Office: 9 Raffles Place #08-01 Republic Plaza Singapore *****9 BALANCE SHEET AS AT 31 DECEMBER 2009 2009 US$000 2008 US$000 Assets Equity attributable to equity holder of the Bank Share capital Available-for-sale reserves Accumulated profits Total equity Liabilities Amount due to immediate
      776 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon More Singapore bosses hiring older workers
      529 11  -  Survey shows higher percentage than in region; maturity, experience valued By TEH SHI NING MORE employers here now actively hire older workers, a recent survey by global recruitment and HR services firm Randstad shows. Over two-thirds of the 262 CEOs, managers and HR professionals
      529 words
    • Article
      Lock icon Julius Baer builds up Asian banking staff
      302 11  -  By SIOW LI SEN BANK Julius Baer has hired two dozen people, 11 of them senior bankers for its Singapore office, as it continues to build up its Asian business. This is on top of the six senior bankers it has already hired
      302 words
    • Article
      Lock icon Q1 ads reflect buzz in S’pore job market
      398 11  -  Legal and merchandising sectors come out top By TIMOTHY SEOW THE positive momentum in the Singapore job market is continuing especially so in the legal and merchandising/purchasing sectors, where job advertisements in the first quarter increased by a whopping 120 per cent
      398 words
    • Article
      Lock icon China will be 2nd biggest property market by 2011
      507 11  -  By UMA SHANKARI DTZ’s flagship Money into Property report now in its 36th year says the worst of the global real estate slump is over and forecasts that global invested commercial stock assets will grow 5 per cent in 2010 to
      507 words
    • Article
      Lock icon Win a Merc in Paragon’s 12th anniversary draw
      257 11 PARAGON is celebrating its 12th anniversary as a luxury mall with a months-long lucky draw that has a brand-new Mercedes-Benz as its grand prize. The celebration is being held in conjunction with the fifth anniversary of the Citi Paragon Platinum MasterCard. So
      257 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Midea ties up with Citi
        39 11 CITI’S Global Transaction Services has been appointed global cash management and trade bank by Midea Electric Trading (Singapore). The mandate covers 39 markets globally. The account will be run out of Citi’s Singapore office.
        39 words
      • Article
        Lock icon Grooming sports professionals
        47 11 REPUBLIC Polytechnic and the Singapore Sports Council signed a five-year memorandum of understanding yesterday to help develop the next generation of sports professionals. The two plan to organise conferences and workshops and offer full-time diploma and other courses in areas such as leadership development.
        47 words
      • Article
        Lock icon SBF mission to North Korea
        53 11 THE Singapore Business Federation is leading 37 delegates on a business mission to Pyongyang, North Korea, from May 15 to 20. This is a follow-up to a memorandum of understanding signed between SBF and the North Korean Chamber of Commerce in December 2008 to help
        53 words
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  • EMERGING ENTERPRISE 2010
    • Article, Illustration
      Lock icon Going above and beyond
      988 12  -  IT-servicing company MindWave Solutions’ competitive advantage is putting customers’ needs in front, reports EILEEN TAY EILEEN TAY PROACTIVENESS is the keyword that sets ITservicing company, MindWave Solutions, apart from other companies in the same industry. “Our alignment of our services toward customers’ requirements and putting customers’
      ARTHUR LEE  -  988 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      887 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LijoJILsi INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA (Company No. *****7-P) GENERAL PROCUREMENT NOTICE FOR THE EXPANSION OF INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA PROJECT PHASE II (Project No. MA -100) Procurement of Laboratory and Teaching Equipment International Islamic University Malaysia (HUM), through the government of Malaysia, has
      887 words
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      Lock icon Page 12 Advertisements Column 2
      967 12 This is the last 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
      967 words
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      Lock icon Page 12 Advertisements Column 3
      669 12 THE COMPANIES ACT, CAP. 50 INTERNATIONAL ENERGY MINERALS MATERIAL PTE LTD (In Vol. Liquidation) Co. Reg. No. *****0350R NOTICE IS HEREBY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before the 15th day of June, 2010 to send in their
      669 words
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      Lock icon Page 12 Advertisements Column 4
      422 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KIANG HONG SHIPPING AGENCY PTE LTD Co. Reg. No *****0601 E (Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Members of KIANG HONG SHIPPING AGENCY PTE. LTD., duly convened and held on 11th May
      422 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie job growth gets further boost in April
      511 13 Unemployment low at 5.4%, with 33,700 more jobs added Reuters AFP [SYDNEY] Australia’s employment soared in April, beating expectations as firms ramped up full-time hiring in a sign of growing confidence in the economy. Yesterday’s data showed unemployment stayed low at 5.4
      Reuters; AFP  -  511 words
    • Article
      Lock icon Thailand’s consumer confidence falls again
      251 13 Bloomberg [BANGKOK] Thailand’s consumer confidence fell for a third consecutive month as the nation’s worst political violence in 18 years claimed 27 lives in April. An index measuring sentiment dropped to 67.2 last month from 69.8 in March, the University of the Thai Chamber of
      Bloomberg  -  251 words
    • Article
      Lock icon Forex rate will be stable, says Vietnam
      150 13 Reuters [HANOI] Vietnam’s central bank yesterday pledged to keep the foreign exchange rate stable, looking to dispel market uncertainty following media reports suggesting the currency would be devalued by 4 per cent. The State Bank of Vietnam, which has devalued the dong four
      Reuters  -  150 words
    • Article
      Lock icon Europe crisis may yet pose risk to Asia growth: RBA
      517 13 Central bank official says Australia is benefiting from commodity boom AFP [SYDNEY] Australia’s central bank yesterday warned that Europe’s renewed financial turmoil could pose a risk to Asian growth, but said booming commodity prices meant its own economy was well
      AFP  -  517 words
    • Article
      Lock icon Bangko Sentral policy ‘balancing act’: dy governor
      430 13 Bloomberg [MANILA] The Philippine central bank said its next monetary policy decision will be a “tight balancing act” as policymakers decide whether it’s time to raise interest rates or ask lenders to set aside more deposits as reserves. Bangko Sentral ng Pilipinas needs
      Bloomberg  -  430 words
    • Article
      Lock icon Japan’s service sector sentiment index hits three-year high
      322 13 Reuters Bloomberg AFP [TOKYO] Japan’s service sector sentiment index rose to 49.8 in April, its highest in three years, a Cabinet Office survey showed yesterday. The survey of workers such as taxi drivers, hotel workers and restaurant staff called “economy watchers” for
      Reuters; Bloomberg; AFP  -  322 words
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      331 13 3 m I am coming to Singapore foryou > ni'„. r "Mti.Miii; Soul stirring lyrics. Heart warming melodies. Lilting tunes. A velvet voice. An evening of soothing music that will reverberate in your memories for long. Book your evening with the world renowned singer Pankaj Udhas, at the equally famed
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Maybank Q3 profit tops RM1b
      546 14  -  Doubling of earnings underpinned by gains in nearly all segments By PAULINE NG MALAYAN Banking has posted an unaudited net profit of slightly over RM1 billion (S$430 million) for its third quarter to end March, nearly double the RM509 million earned in the same period
      BLOOMBERG  -  546 words
    • Article, Illustration
      Lock icon Sime warns of big H2 profit hit
      570 14  -  By in PAULINE NG MALAYSIA’S largest conglomerate Sime Darby yesterday said losses incurred by its energy utilities division in four projects would “negatively impact” its sec-ond-half earnings by an estimated RM964 million (S$417 million). Its president group chief executive Ahmad Zubir Murshid has
      570 words
    • Article, Illustration
      Lock icon M’sia issues sports betting licence to Ascot
      569 14  -  Berjaya gets a boost as it is buying 70% stake in Ascot By S JAYASANKARAN ASCOT Sports, a private company owned by tycoon Vincent Tan Chee Yioun, has already been granted a sports betting licence by Malaysia’s Finance Ministry. The news has surprised
      569 words
    • Article
      Lock icon Indonesian debt looks attractive: Goldman
      330 14 Reuters [LONDON] Indonesia offers strong opportunities for sovereign debt investors, a senior Goldman Sachs emerging market executive said, as investors seek alternative debt exposures in the wake of the Greek crisis. Sam Finkelstein, head of the emerging markets debt team at Goldman’s asset arm GSAM,
      Reuters  -  330 words
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      306 14 Al Qasr celebrates it's 2 nd Anniversary Qi a^ji LEBANESE AND MIDDLE EASTERN CUISINE Ik.., l> > i /r, J s i m V h i t. m Relish Lebanese and Middle Eastern Cuisine at Al Qasr on the 17' May in Holland Village 30% off on total bill on
      306 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Taiwan gets new DPM ahead of China trade pact
      366 15 AFP [TAIPEI] Taiwan’s top financial regulator was yesterday named deputy premier, reportedly after he struck President Ma Yingjeou as someone who can explain a planned trade pact with China in plain language. The promotion of Sean Chen, head of the Financial
      AFP; BLOOMBERG  -  366 words
    • Article
      Lock icon IPO approvals not stopped: regulator
      136 15 Bloomberg [BEIJING] China hasn’t stopped approving initial public offerings on the stock exchange’s main board, said an official at the China Securities Regulatory Commission. IPO approvals are proceeding “as normal and in an orderly manner”, the official said in an interview. The official was responding
      Bloomberg  -  136 words
    • Article
      Lock icon Beijing defends Africa investment policies
      573 15 Presence there more market driven, says minister; 2010 trade to top US$100b AFP Reuters [BEIJING] A top Chinese commerce official has defended Beijing’s investment policies in Africa amid reports of another giant deal, for a cement plant in South Africa, reports said yesterday. “China’s presence
      AFP; Reuters  -  573 words
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      1743 15 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Svenska Handelsbanken (Incorporated in Sweden) www.handelsbanken.com Singapore Branch: 65 Chulia Street #21-01/04 OCBC Centre Singapore *****3 Telephone: 65-6532 3800 Telex: RS ***** SHBSIN Telefax: 65-6534-4909 Swift Address: HAND SG SG Balance Sheet as at 31 December GROUP HANS LARSS0N JON FREDRIK BAKSAAS TOMMY
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India, Brazil complain to WTO about EU drug seizures
      608 16 Generic medicines wrongfully stopped for alleged patent violation, says India Bloomberg [GENEVA] India and Brazil complained to the World Trade Organization about European Union customs rules, saying the EU has wrongfully confiscated generic Indian medicines used to treat illnesses such as
      Bloomberg; BLOOMBERG FILE PHOTO  -  608 words
    • Article
      Lock icon Coal India to cut 25% staff in 10 yrs
      333 16 Bloomberg [NEW DELHI] Coal India Ltd, which is planning the country’s biggest share sale, may save about 25 billion rupees (S$765 million) in employee costs over the next 10 years as it increases the use of machines. “The total number of
      Bloomberg  -  333 words
    • Article
      Lock icon China cabinet approves bank fundraising quota: paper
      358 16 Reuters [SHANGHAI] China’s state council, or cabinet, has approved a combined 287 billion yuan (S$58.24 billion) fundraising quota for the country’s four biggest listed lenders, the National Business Daily reported yesterday, citing unidentified sources. Industrial and Commercial Bank of China (ICBC), Bank of
      Reuters  -  358 words
    • Article
      Lock icon China to spend more than 1t yuan on subways
      370 16 Bloomberg [SHANGHAI] China will spend more than one trillion yuan (S$203 billion) as it more than triples its subway train networks over the next five years, according to the country’s top economic planning agency. China will increase the reach of subway
      Bloomberg  -  370 words
    • Article
      Lock icon HKU tops Asian University Rankings again
      228 16 Xinhua [HONG KONG] The University of Hong Kong (HKU) went top again in the Asian University Rankings released yesterday by the Times Higher Education Supplement of the United Kingdom. Vice-chancellor and President Professor Lap-Chee Tsui of HKU, which became the best university in Asia
      Xinhua  -  228 words
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      163 16 ©STANFORD GRADUATE SCHOOL OF BUSINESS STANFORD-NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 14-28 AUGUST 2010 Real-World Strategies For Global Business. This program presents a unique opportunity to immerse in the vibrant cultures of two of the world's most respected institutions; one renowned for its iconoclastic approach to critical thinking and challenging
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  • WORLD
    • Article
      Lock icon Greece draws 5.5b euros from IMF loan
      536 17 Govt expecting another loan tranche of 14.5b euros from EU early next week AFP [ATHENS] Greece on Wednesday drew 5.5 billion euros (S$9.6 billion) from an emergency International Monetary Fund loan, becoming the first eurozone country to be forced to resort to the
      AFP  -  536 words
    • Article, Illustration
      Lock icon Wary investors drive gold to record high
      537 17 AFP Reuters [LONDON] Gold smashed its way to fresh record highs above US$1,245 on Wednesday, with demand driven by investors seeking shelter from the eurozone debt crisis, analysts said. The precious metal extended a blistering run in morning deals on the London Bullion
      AFP; Reuters; REUTERS  -  537 words
    • Article
      Lock icon Insert money, press button, and here comes gold
      308 17 [ABU DHABI] Abu Dhabi’s Emirates Palace hotel opened a vending machine that dispenses gold bars, making the United Arab Emirates (UAE) the first country outside Germany to install the machine, Bloomberg News reported. The machine, called Gold To Go, is covered in
      308 words
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      84 17 *****20 12 SIT KOREA Y AR > 1 ■> With flights to 116 cities in over 39 different countries, Korean Air's fast and convenient global network serves you anywhere around the world in style. Canada USA Brazil Netherlands Japan China Taiwan Thailand France Germany Mongolia Cambodia Switzerland Nepal Vietnam Italy
      84 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US employers snuff out some jobs for good
      606 18 Tasks requiring less skills done more cheaply by workers abroad, computers NYT [JACKSONVILLE] Many of the jobs lost during the recession are not coming back. For the last two years, the weak economy has provided an opportunity for employers to do what
      NYT  -  606 words
    • Article, Illustration
      Lock icon Thai protest chief shot in Bangkok
      617 18 AFP AP Reuters [BANGKOK] A key figure in Thailand’s anti-govern-ment protests was seriously wounded yesterday as gunshots and an explosion rang out at a vast “Red Shirt” camp after the army threatened to seal the site, sources said. More than 10 people were injured
      AFP; AP; Reuters  -  617 words
    • Article
      Lock icon Kingmaker Clegg takes share of power in UK
      647 18 AFP [LONDON] Liberal Democrat leader Nick Clegg, named deputy premier in Britain’s new coalition government, emerged as the kingmaker of the 2010 election despite disappointing results in last week’s polls. And now he will be the first Liberal for nearly 90 years
      AFP  -  647 words
    • Article, Illustration
      Lock icon Andy Warhol’s ‘Self Portrait’ boosts Sotheby’s sale
      513 18 AP [NEW YORK] Classic American images a Warhol self-portrait, a Rothko red canvas and a Pollock painting rich with the artist’s sinewy drips blew the lid off Sotheby’s sale of contemporary art on Wednesday night. “Buying was totally global,” Tobias Meyer, head of
      AP; XINHUA  -  513 words
    • Article, Illustration
      Lock icon Cuomo probes banks over rating issues
      646 19 Move follows article on methods bankers used to get more positive evaluations NYT [NEW YORK] The New York attorney-general has started an investigation of eight banks to determine whether they provided misleading information to rating agencies in order to inflate the grades of certain
      NYT; REUTERS  -  646 words
    • Article
      Lock icon Home seizures in US reach record in April
      370 19 Sign that recovery is being delayed by different bank focus Bloomberg [SAN FRANCISCO] US home repossessions set a record in April while foreclosure filings dropped for the first time in four years a sign that lenders may be delaying new default actions
      Bloomberg  -  370 words
    • Article
      Lock icon SAP gains mobile edge with US$5.8b deal to buy Sybase
      466 19 Reuters [BOSTON] German business software titan SAP said on Wednesday that it has agreed to buy California-based Sybase for US$5.8 billion. The deal will allow it to gain technology that can deliver accounting software and other programs to smartphones. The
      Reuters  -  466 words
    • Article, Illustration
      Lock icon Sony aiming for return to black as annual loss shrinks
      559 19 AP [TOKYO] Sony Corp stayed in the red last business year but predicts a return to profit as restructuring and an aggressive 3-D rollout bear fruit. The Tokyo-based company yesterday reported some progress towards profitability, booking a 40.8 billion yen
      AP; BLOOMBERG  -  559 words
    • Article
      Lock icon Atlantis set to take off on its last mission
      262 19 AFP [WASHINGTON] The space shuttle Atlantis blasts off today on the last mission of its 25-year career, taking astronauts to the International Space Station (ISS) one last time before becoming a museum piece. The 32nd and final voyage for Atlantis, which
      AFP  -  262 words
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      145 18 MATS RECRUIT PROPERTY PROJECT FINANCIAL CONTROLLER We seek the services of an experienced and mature property project Financial Controller for a multi-year beach township development in Perth. This is a Singapore-based position. The candidate must be capable of handling complex financial accounting and tax matters. QUALIFICATIONS EXPERIENCE: Recognised professional accounting
      145 words
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      Lock icon Page 18 Advertisements Column 2
      23 18 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      23 words
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  • Page 19 Advertisements
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      61 19 Reach Seriousucfurmets In This Targeted Space Enjoy special advertisement rates dicated culinary environment. Amy Choo Adeline Goh Amy Leo Lawrence Chang *****559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred Lee 6319 2045 *****480 6319 2054 6319 2037
      61 words
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      Lock icon Page 19 Advertisements Column 2
      85 19 v &2L M 1 I r m SPARKLING SUNDAYS. BRUNCH AT OSCAR'S Don't miss Oscar's legendary Sunday Brunch. Linger over the latest local and international selections. Toast our new two-tiered champagne choice: Moet et Chandon or Veuve Clicquot. Simply delicious decisions... only at Oscar's. $148++ with free flow Champagne, Wine
      85 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The making of modern Great Silk Road
      1141 20  -  Projects are underway to build 25,000 km of roads linking Central Asia, Europe and China ANTHONY ROWLEY Tokyo Correspondent MODERATINGanAsian Development Bank seminar in Tashkent last week, I found myself wondering what anyone could hope to teach Uzbekistan, or the Central Asia region
      STOCKXCHNG  -  1,141 words
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      Lock icon Dawdling on trimming welfare aid could be dire
      787 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WHAT we’re seeing in Greece is the death spiral of the welfare state. This isn’t Greece’s problem alone, and that’s why its crisis has rattled global stock markets and threatens economic recovery.
      The Washington Post Writers Group  -  787 words
    • Article
      Lock icon Tough task ahead for Aquino
      482 20 EDITORIAL A DECISIVE win by Senator Benigno Aquino III in the Philippine presidential elections seems certain. A new automated system of vote counting, used for the first time, had its share of glitches. But that it appeared to have done its job credibly will free
      482 words
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      Lock icon Lessons for Asia in Europe’s woes
      1255 21  -  Regional integration should be guided by economic considerations rather than by politics to avoid Greece-like tragedies By SHAHID JAVED BURKI The writer is a senior visiting fellow at the Institute of South Asian Studies. He is a former vice-president of the World Bank and
      AP  -  1,255 words
    • Article, Illustration
      Lock icon Europe turmoil might derail Aussie budget surplus aim
      895 21  -  Other possible fallouts include a Chinese slowdown and the euro area turning Japanese By WILLIAM PESEK William Pesek is a Bloomberg News columnist. The opinions expressed are his own. YOU don’t tend to make money betting against Australia. Until now. This week,
      REUTERS  -  895 words
    • Article
      Lock icon Sembcorp Marine clarifies situation on PPL Shipyard
      359 21 LETTERS TO THE EDITOR WE refer to the commentary, “SembMarine’s lingering quandary” (BT, May 12). It contains the following inaccuracies: 1. In paragraph 8, the writer states: “Baker’s 15 per cent stake (through PPL Holdings) comes with 50 per cent of the board
      359 words
    • Article
      Lock icon CDP should serve account holders better in delistings
      213 21  -  Denis Distant THE season for delisting of counters seems to be underway and it is essential for the Singapore Exchange (SGX) to bear in mind what follows an actual delisting. First, CDP will remove the counter from every CDP account in which
      213 words
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      180 21 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NLB JV PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****5058C) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
      180 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Maersk kicks off Viet-US service
      422 22  -  Direct LA service to take only 18 days compared to 21-30 days earlier By JOYCE HOOI [SINGAPORE] Vietnam’s big plans for export shipping have met their match in Maersk Line’s Mathilde Maersk, the largest vessel to ever call at a Vietnamese port. The 367-metre vessel
      MAERSK  -  422 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2953 22 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 Amsterdam LO4031 0605 LO4032 2345 SQ323 0605 SQ324 2345 US5410 0605 US5411 2345 AZ3992
      2,953 words
    • Article
      Lock icon Black box recovered after Tripoli crash
      563 22 Bloomberg [JOHANNESBURG] An Airbus SAS jet’s “black box” voice and data recorders were recovered from the wreckage of the Afriqiyah Airways flight that crashed on landing in Tripoli, Libya, killing all but one of the 104 people on board. Rescue workers recovered 96 bodies
      Bloomberg  -  563 words
    • Article
      Lock icon New EU rules on ash hazard cut no-fly zone
      579 22 It adopts US practice of imposing 190-km no-fly buffer zone AP [BRUSSELS] The European air safety agency proposed new procedures on Wednesday that would drastically shrink the no-fly zone around volcanic ash particles a move that should decrease future airspace closures
      AP  -  579 words
    • Article
      Lock icon STX Pan Ocean posts US$18.3m Q1 profit
      149 22 Bloomberg [SEOUL] STX Pan Ocean Co, South Korea’s largest bulk-shipping line, posted a profit for the third straight quarter as rising Chinese demand for coal and iron ore led to higher bulk shipping rates. The company had net income of US$18.3 million in
      Bloomberg  -  149 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 22 SGX '000 May 13 S$ +/-Vol CH Offshore 0.63 -0.02 1558 Chuan Hup Hldg 0.28 unch 129 Cosco Corp 1.59 unch ***** CWT Ltd 0.97 0.02 1656 Ezra Hldgs 1.97 -0.03 8947 First Ship Lea 0.50 unch 1632 Freight Links 0.05 unch 255 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8965 23 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 1.7 11.3 5.1 76.6 10 5.5 5834 A-Sonic 7 unch 60 7 7 6.5 8
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    • Article
      Lock icon SGX CATALIST
      1838 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 10 5 1181 t AA Grp 6.5 6 8 36.1 6.3 25 12 8538 t APStrategic 18 -0.5 207 19 16.5 16.5
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9417 24 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 0.6419/ Asian Credit Fund 1.2421/ Asian
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    • Article
      Lock icon SGX ETF
      652 24 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 850 856 33.9 306 214 DBS STI ETF
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    • Article
      Lock icon CLOB INTERNATIONAL
      73 24 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 $mil 56 26 6000 AVJennings A44 40 49 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19 -0.5 520 20 19 19 19.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 25 In local curr In S$ In US$ dy yr dy yr dy yr May 12 Index Change Change Change Change Change Change World Index Preliminary 845.4 0.8 1.5 0.6 -2.9 0.8 -1.2 EAFE Preliminary 773.5 0.9 -1.4 0.6 -9.2 0.8 -7.6 Europe Preliminary 1107.1 1.3
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    • Article
      Lock icon INTERBANK RATES
      177 25 May 13 $S Offer Bid Overnight 0.05 0.02 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ 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 1.10 0.90 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 25 May 13 S$ Bid Offer 1-month 1.3778 1.3791 2-months 1.3778 1.3791 3-months 1.3778 1.3791 6-months 1.3775 1.3790 Source: OCBC Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 25 May 13 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2230 1.2610 Can dollar 1.3460 1.3620 Euro 1.7330 1.7540 NZ dollar 0.9780 1.0000 Sterling pound 2.0330 2.0570 US dollar 1.3710 1.3870 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 25 May 13 Open High Sett STI May 2860 SIMSCI May 340.8 344.1 340.6 Taiwan May 270.0 277.4 276.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      67 25 May 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2517 2511 2517 2517 7 301 Jun 10 2507 2486 2510 2483 1061 8369 Jul 10 2493 2472 2496 2466 7422 ***** Aug 10 2487 2464
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      365 25 May 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4700 0 1151 Sep10 99.3600 0 497 Dec10 99.2150 0 1678 Mar11 98.9950 0 1495 EUROYEN TIBOR FUTURES Jun10 99.6250 99.6250 99.6200 99.6200 368 5502 Sep10 99.6450 99.6450 99.6450 99.6450 150 3041 Dec10 99.6500 0 1761
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    • Article
      Lock icon SICOM FUTURES
      154 25 May 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 365.0 364.0 365.0 44 Jul 10 335.0 330.0 335.0 10 Aug 10 308.0 Sep 10 292.0 Oct 10 290.0 284.0 290.0 60 Nov 10 288.0 285.0 289.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 25 May 13 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 12.08.2010 0.29 0.23 0.23 1-Year BY*****W 03.05.2011 0.33 0.33 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.23 104.29 104.15 5-Year N*****0N
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    • Article
      Lock icon CHICAGO BOT
      105 25 May 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 959.50 958.25 968.00 955.00 Jul 10 965.50 966.00 976.00 959.50 Aug 10 960.25 962.50 971.00 952.75 Sep 10 944.25 946.00 954.00 936.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.16 38.03 38.35
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS May 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.40 -0.29 WTI (Near Mth) 75.31 -0.53 Dubai (1-Mth F) 81.09 1.59 Tapis blend 87.20 3.85 Minas 86.15 3.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.55 -0.12 Jet Kerosene 91.00 0.70 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2380 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 0.5 6 1 15 6 4.50 48 4085 ASJ Hldgs W*****1 4 1 4 7 1.88 21 2036 Advance SCT W*****9 0.5 1 87 2817
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 25 May 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.911 6.151 0.712 7.010 40.561 81.842 0.841 10.159 2.881 1.254 75.856 40.363 1.242 6.723 0.998 28.505 29.138 0.606 0.901 Canada 1.097 6.750
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    • Article
      Lock icon SIBOR
      85 25 May 13 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      141 25 May 13 GOLD (US$/oz) May 12 May 13 Hong Kong 1131.80 1233.90 May 12 May 11 London 1236.05 1219.95 1237.05 1220.95 Source: Thomson Reuters CAST BAR May 13 (S$) Selling Buying Kilobar 58,715.18 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 373.43 274 10gm 666.61
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    • Article
      Lock icon LONDON METALS
      72 25 May 12 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2090.50 2073.00 3 months 2121.00 2105.00 Copper, Grade A (US$/tonne) Cash 6989.25 7013.50 3 months 7025.00 7050.00 Lead (US$/tonne) Cash 2013.75 2018.50 3 months 2045.00 2050.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 May 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2410 1.2426 0.9007 0.9010 Canadian dollar 1.3616 1.3640 0.9882 0.9890 Euro 1.7421 1.7443 1.2644 1.2648 NZ dollar 0.9898 0.9912 0.7184 0.7187 Sterling pound 2.0462 2.0489 1.4851 1.4857
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    • Article
      Lock icon LIFFE
      77 25 May 12 COCOA (£/tonne) Close Prev High/Low May 10 2265 2252 2276/2232 Jul 10 2287 2273 2305/2252 Sep 10 2261 2235 2276/2222 Dec 10 2227 2205 2240/2195 COFFEE (US$/tonne) Close Pev High/Low May 10 1368 1351 1360/1342 Jul 10 1408 1398 1409/1380 Sep 10 1441 1433 1445/1417 SUGAR (US
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5895 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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      6 28 f 1RST Viltt* tM UWS www.radio9l3.com
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  • executive lifestyle
    • MEDIA/WINE
      • Article, Illustration
        Lock icon Taking Hollywood by Storm
        1110 28  -  Local media house Storm Lion sets its paws far and wide as it goes global, reports CHRISTOPHER LIM CHRISTOPHER LIM THERE’S nothing like expanding into Hollywood to signal that you’re serious about making a mark in the media industry. And while local player Storm Lion already
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      • Article, Illustration
        Lock icon Weingut Fritz Haag, a generation on
        1046 28  -  By N K YONG Distributor for Weingut Fritz Haag is Just Palate Ltd EVERY time I drink a Fritz Haag wine, a mental image of Wilhelm Haag comes to mind. Our first meeting was some 22 years ago, at his win-ery-cum-home in the wine
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    • SINGAPORE ARTS FESTIVAL
      • Article, Illustration
        Lock icon Playing with fire
        698 29  -  The organisers of this year’s Arts Festival are taking a gamble with a temperature-raising opening act, reports DYLAN TAN DYLAN TAN WHEN the sun goes down this evening, don’t expect the street lamps at Connaught Drive and Empress Place to come on. Instead, the historic expanse of
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      • Article, Illustration
        Lock icon Accessibility without being conservative
        545 29  -  By CHRISTOPHER LIM THE music portion of this year’s Arts Festival continues last year’s emphasis on accessibility and variety while avoiding the temptation to equate accessibility with convention. But first, it’s perhaps inaccurate to refer to a discrete music programme because Arts Fest general manager Low
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      • Article, Illustration
        Lock icon Truck journey that promises to be an eye-opener
        728 29  -  By NATALIE KOH Cargo, Kuala LumpurSingapore runs from May 14-Jun 12 (except Sundays), 6.30pm. Tickets available from Sistic WHEN we see trucks on the road save for revving our car engines to overtake them have we ever given the trucks a second
        ARTHUR LEE  -  728 words
      • AROUND TOWN
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          Lock icon Very Short
          203 29 THE Very Short International Film Festival has come to Singapore. As its title suggests, the festival features short films less than three minutes from all over the world. The festival has previously been held in countries such as France, Canada, Switzerland, Germany and Brazil, to name a few.
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          Lock icon Art for a cause
          100 29 AS part of Sony’s make.believe ART programme, a partnership with Little Arts Academy, Sony Electronics Asia Pacific presents make.believe Art Exhibition, which features co-creations by by local artist, Donna Ong, and 30 underprivileged children. It aims to empower children to bring out their feelings and artistic
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        • Article
          Lock icon MICappella
          94 29  -  Compiled by NATALIE KOH MICAPPELLA sings and records music as rock band without any instruments apart from their voices. They will be performing original songs as well as covers including Decode (by Paramore), Bengawan Solo and Mandarin songs by artistes such as Mayday, Jolin Tsai and Fang Da Tong.
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    • ARTS
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        Lock icon Indonesian art: The next big thing?
        756 30  -  Both seasoned and novice collectors can have fair share of artworks to choose from, says NATALIE KOH NATALIE KOH FOLLOWING the rise of Chinese and Indian art in the global art market in recent years, it seems that Indonesian contemporary art is next in
        756 words
      • Article, Illustration
        Lock icon Creating magic on stage with costumes
        606 30  -  By NATALIE KOH MAHA Moggallana (better recognised in Singapore by the name Mu Jian Lian) is more commonly done in Chinese opera, but awardwinning theatre director Goh Boon Teck wants to create a fresher image for the show by teaming up with renowned designers
        606 words
      • Article, Illustration
        Lock icon An eclectic mix
        780 30  -  CHINESE ORCHESTRA By SAMUEL WONG SHENGMIAO The writer is the artistic director of The Teng Company, a lecturer and the author of two books on Chinese music. This is the eighth and last in a series of articles on Chinese orchestral music and instruments presented by The
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      • Article, Illustration
        Lock icon Portrait of a Chinese contemporary artist
        626 30  -  By WOON TAI HO ZENG Fanzhi is relieved the chaos that was the past few years in the world of contemporary Chinese art is over. “I like that it is slowly recovering,” says Zeng, referring not just to the last two years but to
        626 words
    • CINEMA
      • Article, Illustration
        Lock icon A wonderful thing to behold in most aspects
        640 31  -  By GEOFFREY EU GIVEN her obvious physical attributes, it’s no surprise that Penelope Cruz is often called upon to portray characters that are simply impossible to resist. Such is the case with Broken Embraces, her latest collaboration with Pedro Almodovar, a director
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      • Article, Illustration
        Lock icon Not enough laughs but good acting all round
        605 31  -  Ridley Scott’s Robin Hood takes itself a bit too seriously, says CHRISTOPHER LIM CHRISTOPHER LIM IN the hopes of replicating Christopher Nolan’s coup with Batman Begins, Ridley Scott has rebooted a medieval superhero, Robin Hood, with a prequel that’s intriguing but curiously
        605 words
      • Article, Illustration
        Lock icon Reinventing Holmes for a new generation
        461 31  -  BLU-RAY By CHRISTOPHER CHRISTOPHER LIM THE most visually jarring innovation in Guy Ritchie’s re-invention of beloved detective Sherlock Holmes is the sight of a bare-bodied Robert Downey Jr in the starring role, beating an opponent senseless with seemingly anachronistic kung fu. But while it’s
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    • Article, Illustration
      Lock icon Contemporary hits
      1707 32  -  Against a background of renewed retail spending, high property prices and jittery stock markets, WOON TAI HO looks at the health of art during this auction season WOON TAI HO AT A recent viewing of 33 Auction at the Linda Gallery in Dempsey, I Nyoman Masriadi's “Flexibility and
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  • Page 30 Miscellaneous
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      25 30 Draw :9.30pm [p A yA Always play with care Ireaponsibiyf Do not bet illegally. RCB Reg No.: *****0202G i/V/V Towards Community I Purpose and Benefit
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  • Page 31 Miscellaneous
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      296 31 CRYPTIC CROSSWORD Across 1 One making religious ceremony sound different (6) 9 Just what is needed now second person has arrived (4,3,3) 10 Distracted a celebrant in place of worship (10) 11 Once it could offer an opening (4) 12 Firepower running short (4) 14 Still like peas in a
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      45 33 THE BUSINESS TIMES *****1 *****4 SS1.00 online at http://www.businesstimes.COm.sg sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday,May 14,2010 F LIVE BORDERLESS™ Where infinite possibilities meet endless contents. WORLD'S FIRST INNOVATION FULL LED with 3D Technology Slim LG Life's Good
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