The Business Times, 19 May 2010
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2010-05-19
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The Business Times
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Title Section23 2010-05-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, May 19,201023 words
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604 2010-05-19 1 CONRAD TAN - By CONRAD TAN [SINGAPORE] The Republic is likely to draw more hedge funds as stricter regulatory oversight of funds in Europe accelerates their shift to fast-growing Asia. Recent proposals by the Monetary Authority of Singapore (MAS) to tighten the rules for hedge604 words
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961 2010-05-19 1 UMA SHANKARI - It lags behind rival Asian cities as survey shows only 39% of top retailers have a presence here By UMA SHANKARI [SINGAPORE] If you thought Singapore was retail paradise, a rethink may be in order. A survey of 294 of the world’s961 words
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Article141 2010-05-19 1 ST INDEX 2,844.35 (+10.66) ST INDEX FUTURES 2,839 (+11) SIMSCI 338.24 (+1.70) SIMSCI FUTURES 336.50 (+0.20) FOREX US$ S$ US$ (S$ per US$) 1.388 (US$/S$ per 1.448 2.010 EURO (US$/S$/E) 1.240 1.721 Foreign currency per US$ S$ YEN 92.80 66.80 RM 3.215 2.315 HK$ 7.798 5.616 BAHT 32.32141 words
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Page 1 Advertisements
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Advertisement124 2010-05-19 1 COMPANIES Wilmar denies tax fraud accusations TRANSPORT HUB Saab to widen model range downwards PAGE 32 PREMIUM PROFESSIONALS Opportunities in reinsurance PAGE 17 EXEC MONEY No heroics in investing PAGE 38 PAGE 4 Who’s who in Law A special 12-page section with your BT today Deutsche Bank Worldwide strength has124 words
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Advertisement19 2010-05-19 1 EMERGING ENTERPRISE 2010 Winners’ evening PAGE 14-15 PROPERTY Call to release office sites to avert supply crunch PAGE 1219 words
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TOP STORIES
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504 2010-05-19 2 ANTHONY ROWLEY - It suggests capital controls to temper volatile fund inflows into region B y ANTHONY ROWLEY THE Asian Development Bank took the unusual step yesterday of warning investors that many Asian stock and bond markets may be near their top following “massive” inflows504 words
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Article, Illustration532 2010-05-19 2 CHEW XIANG - By CHEW XIANG [SINGAPORE] Businessman Anthony Soh launched a $117 million takeover of Jade Technologies in 2008 with less than $300,000 in cash in hand, the High Court heard this week. He also admitted he flouted securities laws by quietly selling more than532 words
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Article403 2010-05-19 2 S’pore not a top draw for leading retailers IF you thought Singapore was retail paradise, a rethink may be in order. A survey of 294 of the world’s top retailers has found that just 39 per cent of them are in Singapore a smaller percentage than in rival403 words
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Article93 2010-05-19 2 IN a news agency report, “Easier to import generic drugs from India” (BT, May 12), Minister for Trade and Industry Lim Hng Kiang was quoted as saying that under the Singapore-India special medicinal product registration scheme, Indian generic drugs which are recognised in countries like the US, Canada, the93 words
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381 2010-05-19 4 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] Wilmar International Ltd has denied allegations that its Indonesian subsidiaries made value added tax (VAT) restitution claims that were “questionable and fictitious”, in a statement released on the Singapore Exchange (SGX) website last night. The statement was made in response381 words
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578 2010-05-19 4 Reuters [BANGKOK] The Thai government dismissed proposed peace talks yesterday to end a nine-week crisis that has killed 67 people and threatened to tear the country apart, calling on thousands of anti-gov-ernment protesters to disperse. As the prospects for official talks unravelled,Reuters - 578 words
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563 2010-05-19 4 CHUANG PECK MING - Stricter conditions for owners trying to restart en bloc sales after failing earlier By CHUANG PECK MING [SINGAPORE] Parliament yesterday passed changes to improve the rules on en bloc sales, but some of the proposals pushed by interested parties were excluded. With563 words
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Article, Illustration428 2010-05-19 4 LEE U-WEN - By LEE U-WEN [SINGAPORE] Some 500 people in Singapore have ordered BMW’s latest 5-se-ries luxury sedan without having even seen the car in person or test-driven it. And for a mid-sized vehicle that costs about a quarter of a million dollars, itTERENCE TAN/THE STRAITS TIMES - 428 words
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Article, Illustration412 2010-05-19 4 AP [BEIJING] An appliance retailer who was China’s richest businessman was sentenced yesterday to 14 years in prison for insider trading, bribery and other offences in the latest of a spate of misconduct cases against newly rich Chinese tycoons. Huang Guangyu built Gome ElectronicsAP - 412 words
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Advertisement131 2010-05-19 2 BltKftMMMM IT w ■Jr. ....■•Iii'H' HjKiiiH'" f iff A 1 MM yfSl 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 receive a complimentary copy of the most131 words
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Advertisement21 2010-05-19 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement114 2010-05-19 3 Over 500,000 people are in the air right now. You know the feeling. Sailing high above the clouds, waiting with childlike anticipation for that screeching of rubber on tarmac. What opportunities will this new place bring? A reunion? A holiday? A new home? We believe in having an open mind114 words
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Advertisement201 2010-05-19 4 FOR SALE LONDON RESIDENTIAL PROPERTY THE LANDMARK JUST RELEASED Executive apartments 5 mins walk from the heart of Canary Wharf Excellent transport links for London, UK and Europe OTHER INVESTMENT OPPORTUNITIES AVAILABLE INCLUDING INCOME PRODUCING READY PROPERTIES Interested in investing in the London property market? With attractive exchange rates and201 words
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Advertisement7 2010-05-19 4 Bill proposes more community sentences, Page 127 words
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Advertisement162 2010-05-19 5 www.landrover.com THEY SAY THE RICH ALWAYS TRAVEL FIRST CLASS. m mJ, innraism Wimm&riMwi a m m **-T M 1. I Hu 1 ffll I III Jin ill rrrr n"r[T nwrr m ft ftllfes ■kp MLIi SSKMf i rrrr' prrr rrrr SSOTSSM I T p$r HB j]K£ u I i F1162 words
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SINGAPORE MARKETS
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Article, Illustration588 2010-05-19 6 VEN SREENIVASAN - After sinking to a low of 2,823.2 points in morning trading, it ends with 10.66 points gain at 2,844.35 points STOCKS VEN SREENIVASAN Senior Correspondent A ROLLER coaster overnight session on Wall Street and continuing uncertainty about the eurozone debt crisis continuedSource: Bloomberg - 588 words
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Article186 2010-05-19 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 6 0 0 0 10 2 6 Manufacturing 61 52 71 6 7 11 67 59 82 Commerce 26 12 19 5 2 4 31 14 23 Tpt/Stor/Comms 19 9 11186 words
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Article121 2010-05-19 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,486 11,486 43,352 43,352 Manufacturing 222,983 54,997 277,980 187,652 4,487 192,139 Commerce 79,495 5,353 84,848 120,074 1,160 121,234 Tpt/Stor/Comms 99,036 531 99,567 197,327 75 197,402 Finance 18,041 18,041 163,929 163,929 Construction 21,908 6,126 28,034 8,102121 words
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Article110 2010-05-19 6 Stock name Close Change CapMallsAsia 2.160 +0.030 CapitaLand 3.610 +0.010 CapitaMall 1.930 +0.010 CityDev 10.520 -0.020 ComfortDelGro 1.500 DBS Grp 14.340 -0.040 F&N 4.850 +0.120 Genting SP 1.000 +0.010 Golden Agri 0.540 HK Land 4.950 -0.010 JMH 35.320 +0.340 JSH 20.000 Jardine C&C 29.440 +0.440 Keppel110 words
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BROKERS’ TAKE
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Article423 2010-05-19 6 Singapore Property OCBC INVESTMENT RESEARCH, May 18 FOR the month of April, property developers launched more non-landed property units than in March, with the number of new launches increasing 11.7 per cent to 1,788 units. New launches in the Core Central Region (CCR) fell 68.9 per cent month-on-month423 words
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Article414 2010-05-19 6 CONRAD TAN - May 18 close: $0.39 DMG PARTNERS SECURITIES, May 18 Compiled by CONRAD TAN ARMSTRONG Industrial Corp’s Q1 2010 net earnings came in 14.5 per cent above our forecasts. It managed to improve its margins through effective cost management as the increase in its expenses lagged that of414 words
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Article, Illustration386 2010-05-19 6 CURRENCIES Reuters [LONDON] The euro edged up from the Monday’s four-year low in choppy trade yesterday as investors took heart from news that financial aid for Greece was coming through as planned. Officials said that Greece received a 14.5 billion euroReuters; AFP - 386 words
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Article66 2010-05-19 6 May 18 VALUE CLOSE BT OB/OS -780.00 +364.0 BT CADI -*****.00 +89.0 BT 10-day MA -*****.00 -78.00 FTSE ST Mid Cap 690.75 +4.86 FTSE ST Small Cap 540.68 +2.11 FTSE ST All Share 702.63 +3.00 FTSE ST China Top 273.33 +2.25 FTSE ST China 293.35 +0.28 FTSE66 words
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Article56 2010-05-19 6 VOLUME Golden Agri 67,297,000 Genting SP 51,932,000 Noble Grp 31,778,000 Lereno 30,318,000 KencanaAgri 30,099,000 Ying Li 23,941,000 SoundGlobal 23,368,000 SingTel 20,757,000 NOL 20,177,000 Z-Obee Hldgs 18,610,000 VALUE($) DBS Grp 74,816,240 SingTel 61,079,600 Noble Grp 59,209,350 CapitaLand 52,382,120 Genting SP 51,769,805 Wilmar 51,756,700 NOL 41,254,780 UOB 40,354,920 Golden56 words
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Article114 2010-05-19 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 229.0 1.5 DBXT DJE50 10US$ 3542 194.3 4.1 DBXT MSEurope 10US$ 3763 94.4 1.8 JMH 3532 47.2 1.0 Jardine C&C 2944 44.0 1.5 Lyxor China H 10US$ 1470 41.6 2.1 DBXT CSI300 10US$ 875 19.4 1.6 Keppel Corp 920 17.0 1.9114 words
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Article128 2010-05-19 6 BY CENTS CLOSE DOWN GLD 10US$ *****-299.8 -1.8 DBXT MSAsExJp 10US$ 2703-115.2 -3.0 DBXT FTChina25 10US$ 2795 -88.8 -2.2 DBXT S&P Short 10US$ 5182 -62.5 -0.9 OCC 5.1% NCPS 100 ***** -50.0 -0.5 DBXT FTVietnam 10US$ 4314 -38.9 -0.6 DBXT MSKorea 10US$ 4576 -29.1 -0.5 DairyFarm 659 -25.0 -2.7128 words
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Article87 2010-05-19 6 Where S$ stands May 18 CHNG YR 2010 CLOSE FR May 17 S$ LOW S$ HIGH US$ 1.3887 0.48 1.4219 1.3680 Euro 1.7213 -0.33 2.0153 1.7157 Pounds 2.0050 0.41 2.2831 2.0050@ A$ 1.2122 0.97 1.2960 1.2122@ Yen* 1.4976 1.02 1.5927 1.4467 Rupiah* 0.***** 0.23 0.***** 0.***** Baht* 4.2967 0.0187 words
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Advertisement166 2010-05-19 7 Porsche recommends M©bil n Find out more about the Porsche World Roadshow: www.porsche.com.sg Stop dreaming... Start driving. The Porsche World Roadshow is coming to Singapore. Be one of the first in Asia to drive the all-new Cayenne and Panamera at the Changi Exhibition Centre (CEC). Other highlights include the purist166 words
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COMPANY NEWS
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535 2010-05-19 8 JAMIE LEE - But Tiger Airways and China Minzhong stood out as strong exceptions By JAMIE LEE SEVERAL small-cap and mid-cap companies that were recently listed here posted tepid profits for their latest quarters. But major exceptions include Tiger Airways and China Minzhong Food Corporation, which535 words
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Article, Illustration235 2010-05-19 8 JAMIE LEE - By JAMIE LEE SINGAPORE Exchange (SGX) has inked another agreement with a city government in China to boost its supervision of Chinese companies looking to list. While such a cooperation may offer some moral suasion, they may not extend far enough in deterring futureYEN MENG JIIN - 235 words
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641 2010-05-19 8 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN WHAT is it about the Sembcorp group and lawyers? Just weeks after parent Sembcorp Industries locked horns with Dutch water company Cascal, its unit Sembcorp Marine is suing PPL Holdings, which is 100 per cent owned by listed Baker641 words
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Article, Illustration459 2010-05-19 10/11 EMILYN YAP - Pricing flagged at $2,700-3,200 psf, with one-bedders going for $1.5m By EMILYN YAP OVERSEAS Union Enterprise (OUE) will launch Twin Peaks a project at the site of The Grangeford next month. The property group is also looking to boost its residential portfolio andARTHUR LEE - 459 words
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365 2010-05-19 10/11 JOYCE HOOI - By JOYCE HOOI CHINA Fishery Group announced the US$95 million acquisition of Dorbes Holding Corporation, which owns Pesquera Alejandria SAC (Alejandria), a Peruvian fishmeal firm, yesterday. Through the acquisition, which was carried out through Epesca Pisco SAC, China Fishery’s subsidiary in365 words
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281 2010-05-19 10/11 FELDA CHAY - By FELDA CHAY ELECTRONICS Manufacturing service provider Valuetronics Holdings said yesterday that its fourth-quarter after-tax profit surged more than nine times year-on-year to HK$22 million (S$3.9 million) as orders rose in line with the economic recovery. The rise in orders raised revenue for281 words
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273 2010-05-19 10/11 Reuters [MELBOURNE] Australian miner Macarthur Coal showed its most ardent suitor, US miner Peabody Energy, the door yesterday, ending a US$3.5 billion bidding race that was chilled by plans for a hefty new mining tax. Macarthur’s shares sank 15 per cent after it rejectedReuters - 273 words
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Article, Illustration342 2010-05-19 10/11 CHAN YUPING - Its new mobile application helps members access bank’s privileges By CHAN YUPING UNITED Overseas Bank Limited (UOB) will unveil its revamped Lady’s Card today, with benefits and high-tech features to meet the shifting lifestyle trends of modern women towards travel and connectivity. Well-knownFILE PHOTO - 342 words
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308 2010-05-19 10/11 KALPANA RASHIWALA - By KALPANA RASHIWALA A JOINT venture between Guthrie GTS and Santarli Construction yesterday placed the highest bid for a public housing plot at the corner of Yishun Avenue 11 and Yishun Central under the Housing Development Board’s (HDB) Design Build308 words
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320 2010-05-19 10/11 OLIVIA HO - By OLIVIA HO NEWLY listed structural steel firm TTJ Holdings yesterday announced its wholly owned subsidiary, TTJ Design and Engineering Pte Ltd, has secured new contracts amounting to about $31.3 million. The group clinched these contracts between Jan 16 and April 30, and320 words
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COMPANY BRIEFS
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59 2010-05-19 10/11 VIKING Offshore and Marine Ltd said it has sold to Goodview Properties Pte Ltd 20 million shares in Tung Lok Restaurants (2000) Ltd and 10.3 million shares in Old Chang Kee Ltd for a total of $6.99 million in cash. Viking will59 words
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162 2010-05-19 10/11 ABTERRA Ltd said it will review its plans to seek a dual primary listing of its shares on the Hong Kong stock exchange after its FY2009 results failed to meet the listing criteria for mainboard listing. However, it added that it was still162 words
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84 2010-05-19 10/11 UNITED Envirotech Ltd said net profit grew to $14.9 million for the 12 months ended March 31 from just $3.67 million a year ago, on the back of a 61.3 per cent increase in revenue to $69.1 million. The growth was due to84 words
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52 2010-05-19 10/11 SKY One Holdings has warned that it expects to report a substantially lower net profit for the fiscal year ended March 31 due to “the continual effects of the global financial crisis”. It is expected to unveil its results around the end52 words
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134 2010-05-19 10/11 UNITED Fiber System said that it plans to buy PT Kutai Chipmill for US$65 million through an acquisition of Pacific Global Holding Ltd and Pacific Capital Holding Ltd from Masba Holdings Inc. Kutai is principally engaged in producing and exporting woodchip as raw134 words
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Advertisement268 2010-05-19 8 STAR ALLIANCE MEMBER ANNIVERSARY 1960-2010 Wm J First Class from *6035 ROYAL FIRST. ROYAL SILK. Experience A Touch Of Class Trn Frankfurt, London, Madrid, Munich, Paris, Rome, Zurich Business Class from *3995 Athens, Copenhagen, Frankfurt, Johannesburg*, London, Los Angeles, Madrid, Milan, Moscow, Munich, Oslo, Paris, Rome, Stockholm, Zurich Effective 02268 words
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Page 10/11 Advertisements
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Advertisement183 2010-05-19 10/11 The new, powerful Audi S5 Sportback. More excitement. More of everything. The Audi A5/S5 range is form and function designed to give you more. Experience the Audi A5 Coupe that's more stylish, the more efficient Audi A5 TDI diesel, or the Audi A5 Sportback that promises more from every angle.183 words
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SINGAPORE NEWS
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Article, Illustration526 2010-05-19 12 UMA SHANKARI - 75% of active property seekers hope to buy a home within next 2 years By UMA SHANKARI THREE out of four potential home-buyers feel that the prices of private homes and resale HDB flats in Singapore are too high, a new survey hasSource: Property Guru - 526 words
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352 2010-05-19 12 BUSINESS space provider Ascendas will expand over the next five years in many of the 10 Asian countries in which it has a presence, chief executive Chong Siak Ching said yesterday. Speaking at the Cityscape Asia annual exhibition and conference, Ms Chong said there352 words
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182 2010-05-19 12 MAYBANK Singapore yesterday launched a new savings account for depositors aged 50 years and above, becoming the first in the industry to offer free insurance coverage as well as preferential interest rates for a senior’s account. The rates are currently the182 words
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Article, Illustration410 2010-05-19 12 TEH SHI NING - By TEH SHI NING EXPATRIATE pay packages could shrink as more multinational companies in Singapore benchmark them against local and foreign rates instead of salaries back home, according to a survey by HR consultancy ECA International. Just over a fifth of expats said thatTHE STRAITS TIMES FILE PHOTO - 410 words
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225 2010-05-19 12 SINGAPORE Manufacturers’ Federation (SMa) unveiled a series of plans to boost Singapore’s productivity at its 7 8th anniversary dinner yesterday. Speaking at the event, Teo Chee Hean Deputy Prime Minister and Minister for Defence as well as Chair for National Productivity and Continuing Education225 words
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612 2010-05-19 12 KALPANA RASHIWALA - By KALPANA RASHIWALA THE time is ripe for government to introduce some sites for office development in the second half 2010 confirmed list to avert a potential supply crunch in future, suggest property consultants. However, while some think these new office612 words
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326 2010-05-19 12 CHUANG PECK MING - Five new types proposed for less serious offences By CHUANG PECK MING MORE community sentences were introduced for less serious offences with the proposed changes in the Criminal Procedure Code Bill tabled in Parliament yesterday. Along with other proposed amendments, five new types of326 words
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383 2010-05-19 12 FELDA CHAY - By FELDA CHAY WHERE they once struggled to even qualify, construction firms are now featuring prominently in the top 10 spots in the 2010 SME Growth Excellence Recognition Awards. Compiled by credit rating agency DP Information Group and HSBC Singapore, five of the top 10383 words
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Article587 2010-05-19 13 TRIBUTE TO DR GOH KENG SWEE Tan See Leng CEO/MD Parkway Holdings Limited DR GOH is a giant amongst Singapore pioneers. He is someone who has not only made a positive impact on our economy and our country, but also made long lasting contributions587 words
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Article632 2010-05-19 13 DYLAN TAN - SINGAPORE ARTS FESTIVAL By DYLAN TAN FAIFAI is not your average theatre company. The five-year-old Tokyo-based collective is known to operate far outside the readymade concept of theatre to combine elements of dance, video and music into uniquely imaginative and dreamy productions. Made up of 13 members632 words
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Page 13 Advertisements
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Advertisement238 2010-05-19 13 Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways in South East Asia Beijing, Seoul,238 words
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Advertisement153 2010-05-19 13 less School )RCr UK BOUNDARIES !EATER MfNDS DON'T JHAVE TG THINK ALIKE ENTREPRENEUR? DEVELOPMENT MANAGER?! VS&4 FINANCE MANAGER? I Aa THE OXFORD ADVANCED MANAGEMENT AND LEADERSHIP PROGRAMME i If you want to enhance your performance and impact as a leader and must deliver highly relevant strategies within todays turbulent business153 words
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EMERGING ENTERPRISE 2010
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Article, Illustration594 2010-05-19 14 FELDA CHAY - By FELDA FELDA CHAY AWARDS ceremonies usually carry the weight of competition, but that was clearly outweighed by the spirit of good cheer, song and dance at the Emerging Enterprise 2010 awards last Friday. Held at the Mandarin Orchard hotel, guests were treated to a plethora ofPhotos by John Heng and Arthur Lee - 594 words
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Page 14 Advertisements
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Advertisement170 2010-05-19 14 Congratulations To The Top Winners Of Emerging Enterprise 2010! Kai Square Pte Ltd Emerging Enterprise 2010 Winner Home-grown multimedia surveillance and intelligence specialist providing high-end security to both corporate and end-consumers MAJ Aviation Pte Ltd Emerging Enterprise 2010 Winner Provides specialised aviation services and engineering support to local clients and170 words
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ECONOMY WATCH
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458 2010-05-19 15 Reuters [SYDNEY] Australia’s central bank decided to lift interest rates in May to ward off inflationary pressures, although it could be the last hike for the next few months as worries related to global sovereign debt overtake those concerns. TheReuters - 458 words
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388 2010-05-19 15 Aim is to avoid jeopardising the current global economic rebound Reuters [MILAN] Action by some of the bigger countries in Europe and elsewhere to tighten spending this year could jeopardise economic recovery and they should wait until 2011, a seniorReuters - 388 words
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Article, Illustration493 2010-05-19 15 Reuters [TOKYO] Japan’s consumer confidence hit a 21/2-year high in April, a government survey showed, in a sign the optimism was spreading. Finance Minister Naoto Kan said the economy continued to recover, although he warned that financial markets have not completely settledReuters; BLOOMBERG - 493 words
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Article, Illustration352 2010-05-19 15 Reuters [LONDON] Britain’s inflation rate jumped more than expected in April to hit a 17-month high, driven by big rises in tax on alcohol and tobacco, as well as women’s clothing and food prices, official data showed yesterday. The Office for National Statistics saidReuters; BLOOMBERG - 352 words
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Advertisement1043 2010-05-19 15 BEATS "vnr^pc Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES Bangkok Bank Public Company Limited (INCORPORATED IN THAILAND) Consolidated Balance Sheet As at December 31,2009 and 2008 Cash Interbank and money market items Domestic items Interest bearing Non-interest bearing Foreign items Interest bearing Non-interest bearing Total interbank and money market items, net1,043 words
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PREMIUM PROFESSIONALS
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Article, Illustration1667 2010-05-19 16 TEH SHI NING - The lack of insurance coverage in the region presents a challenge and also a huge growth potential, reports TEH SHI NING TEH SHI NING REINSURANCE in Asia has immense growth potential, and Singapore is in a good position to take advantage of this, insurance leaders say. With1,667 words
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Article, Illustration655 2010-05-19 16 TEH SHI NING - By TEH SHI NING READING about Hurricane Katrina and the investigations that followed, Tan Si Yng was particularly intrigued by reports of reinsurers’ losses. It sparked an interest in reinsurance, then still unfamiliar territory to the NUS Business student, who was majoring in marketing and655 words
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Article, Illustration618 2010-05-19 16 TEH SHI NING - By TEH SHI NING WITH a father who built his career in general insurance, Andy Neo was naturally better acquainted with the industry than most of his peers. “General insurance is so integral to the finance industry, but many do not distinguish it618 words
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Advertisement13 2010-05-19 16 This is the third of a four-part series brought to you by the13 words
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MALAYSIA
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Article, Illustration591 2010-05-19 17 S JAYASANKARAN - Move likely even though independent adviser views RM5.1b bid as low By S JAYASANKARAN THE board of EON Capital is likely to go ahead and table Hong Leong Bank’s RM5.1 billion (S$2.2 billion) takeover proposal to its shareholders despite its independent financialBLOOMBERG - 591 words
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445 2010-05-19 17 PAULINE NG - Deal to give MISC access to tank assets at strategic points By PAULINE Kuala PAULINE NG MALAYSIA International Shipping Corporation Berhad’s (MISC) proposal to acquire half of global storage terminal company Vitol Tank Terminal International (VTTI) for US$375 million could result in synergies “beyond445 words
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Page 17 Advertisements
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Advertisement1134 2010-05-19 17 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 4 Rabobank Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. Head Office Croeselaan 18,3521 CB Utrecht, The Netherlands Singapore Branch 77 Robinson Road #09-00 Singapore *****6 EXECUTIVE BOARD Piet Moerland (P.W.), Chairman Bert Bruggink (A.), CFO Berry Marttin (BJ.) Piet van Schijndel (PJ.A.) Sipko Schat (S.N.) Gerlinde1,134 words
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GREATER CHINA
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605 2010-05-19 18 Huawei ZTE rush to soothe spying concerns They are trying to diffuse a row that has seen New Delhi stop their imports Reuters [HONG KONG] Chinese telecommunications giants Huawei Technologies and ZTE are treading familiar ground in their clash with India, scrambling to soothe spying concerns in a tough marketReuters - 605 words
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341 2010-05-19 18 AP [SHANGHAI] US Commerce Secretary Gary Locke and two dozen American businesses are visiting China, aiming to boost clean-ener-gy technology sales as one industry leader announced a fresh contract to supply components for wind turbines. The visit, one of several by US CabinetAP - 341 words
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Article, Illustration491 2010-05-19 18 Reuters [BEIJING] China has welcomed a nuclear fuel swap plan that Iran announced after talks with Brazil and Turkey, urging negotiations over the deepening dispute with Teheran. Iran agreed with Brazil and Turkey on Monday to send some of its uranium abroad, reviving aReuters - 491 words
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254 2010-05-19 18 AFP [BEIJING] China’s ruling communists are cracking down on official corruption in the real estate market, warning of stiff penalties for anyone caught trying to cash in on the property boom, state media said. The government is trying to rein inAFP - 254 words
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Advertisement12 2010-05-19 18 cil JERRY LUM Marketing Director, MBA, CES HP+65 8288 0098 http://jerrylum.myweb.sg/ MA12 words
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Advertisement271 2010-05-19 18 No news isn't good news. Annual yields on life policies are generally never made public by insurers. And not hearing any news about your policies surely can't be favourable. For the past 3 years, NTUC Income has resolutely published our yields for one reason to be transparent. With over 2271 words
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INDIA
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370 2010-05-19 22 Major policy change would crowd many local firms out of the lucrative sector Reuters [NEW DELHI] India’s trade ministry has suggested almost tripling the foreign direct investment cap on defence equipment to 74 per cent, a major policy changeReuters - 370 words
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173 2010-05-19 22 Bloomberg [ZURICH] ABB Ltd, the world’s largest builder of electricity networks, offered to pay about US$1 billion to raise the stake in its separately listed subsidiary in India to 75 per cent to add flexibility for expanding in the region. “The aimBloomberg - 173 words
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Advertisement2190 2010-05-19 22 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ABN AMRO Holding N.V. Incorporated in the Netherlands Head Office: Gustav Mahlerlaan 10,1082 PP Amsterdam, The Netherlands Consolidated balance sheet at 31 December Auditor's report Report on the financial statements We have audited the accompanying financial statements 2009 of ABN AMRO Holding N.V.,2,190 words
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ASIA-PACIFIC/WORLD
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Article, Illustration433 2010-05-19 23 Deal would have been the largest leveraged buyout since July 2007 Bloomberg [NEW YORK] A group of private equity firms led by the Blackstone Group has dropped plans for a US$15 billion bid for Fidelity National Information Services, people briefed on theBloomberg; BLOOMBERG - 433 words
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321 2010-05-19 23 Bloomberg [LONDON] Vodafone Group full-year operating profit rose 1.7 per cent as the world’s largest mobilephone company cut jobs and signed network-shar-ing agreements with other operators to lower costs. Earnings before interest, taxes, depreciation and amortisation (Ebitda) rose to £14.7 billion (S$29.4 billion) fromBloomberg - 321 words
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341 2010-05-19 23 AFP [SYDNEY] Australia’s proposed 40 per cent tax on mining profits could drive major companies offshore, global credit rating agency Moody’s warned yesterday. By replacing a lower but “complex and variable” royalties regime Moody’s said the Resources Super Profits Tax (RSPT)AFP - 341 words
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Page 23 Advertisements
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Advertisement129 2010-05-19 23 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 Development129 words
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WORLD
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Article, Illustration646 2010-05-19 24 Conditions attached to rescue package will be worked out in coming days AP AFP [BRUSSELS] EU nations are pushing for deep deficit cuts yesterday to restore confidence in European governments’ ability to tame the debt crisis and keep it from derailingAP; AFP; BLOOMBERG - 646 words
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433 2010-05-19 24 Senate passes the measure added to a rewrite of financial regulations Reuters Bloomberg [WASHINGTON] The United States would oppose International Monetary Fund (IMF) bailout packages to countries that are not likely to repay them under a measure passed by theReuters; Bloomberg - 433 words
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Article, Illustration450 2010-05-19 25 ANTHONY ROWLEY - Greek bailout shows it can work with regional monetary funds in a crisis B y ANTHONY ROWLEY THE Greek crisis has proved that the IMF can work together with regional monetary arrangements in dealing with financial crises, International Monetary Fund first450 words
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Article, Illustration624 2010-05-19 25 LATEST US DATA Bloomberg [NEW YORK] Wholesale prices in the United States unexpectedly dropped in April, the second decrease in three months, signalling the global recovery from the worst recession in the post-World War II era has yet to stoke inflation. The 0.1Bloomberg; AP - 624 words
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259 2010-05-19 25 Efforts by govts to tackle debts could hamper growth AFP [FRANKFURT] German investor confidence has fallen sharply in May, as financial experts see eurozone public debt as a major risk for German business, the ZEW economic research institute said yesterday. The closelyAFP - 259 words
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478 2010-05-19 27 From US$2 in ‘09, Citi has gained 17% to close on Monday at US$3.86 Reuters [BOSTON] Billionaire investor George Soros in the first quarter sold almost all of the 94.7 million shares of recovering financial services giant Citigroup which he had acquiredReuters - 478 words
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Article, Illustration502 2010-05-19 27 NYT [NEW YORK] A federal jury in New York reached a verdict on Monday requiring Novartis Pharmaceuticals to pay US$3.36 million to 12 former female sales representatives for discrimination in pay and promotions. Arguments was set to be made yesterday for an award of punitive damagesNYT; BLOOMBERG - 502 words
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301 2010-05-19 27 Reuters [NEW YORK] Warren Buffett is again auctioning a steak lunch to benefit a San Francisco charity, after last year’s bidding failed to generate a record bid for the first time since 2004. The 11th annual auction benefits the non-profit Glide Foundation in SanReuters - 301 words
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Page 24 Advertisements
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Advertisement118 2010-05-19 24 R K JH s Mi T® ft CALL THE S with The AsiaOne Network. There's no wiser way to influence those in the power seat theasieone than with premier business news portals that decision-makers can't do without. Visit http://network. asiaone. com nPf\A/nr"K or email A 1mktg@sph.com.sg. s|5i THE BUSINESS TIMES118 words
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Page 25 Advertisements
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Advertisement249 2010-05-19 25 WINE DINE AND HOSPITALITY A CULINARY HAVEN AT PAN PACIFIC SINGAPORE Discover new additions to popular offerings enhanced with delightful menu selections. Wind down to a luxurious Friday and Saturday night barbecue bonanza at Brunch with sparkling Chandon Brut and Rose or enjoy divine weekend dim sum brunch at HaiTien249 words
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ASIA-PACIFIC/WORLD
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Article, Illustration688 2010-05-19 26 ANTHONY ROWLEY - Entry to new export markets hobbled by over-reliance on handful of industries By ANTHONY ROWLEY JAPAN is losing its economic competitiveness at an alarming rate, the Ministry of Economy, Trade and Industry (Meti) says in a sweeping indictment of the country’s sagging performance. AccordingAP - 688 words
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220 2010-05-19 26 Radio presenter announces that the monarch had died AFP [LONDON] The BBC apologised “unreservedly” yesterday after a radio presenter jokingly announced that Queen Elizabeth II had died. Disc jockey Danny Kelly, 39, played the national anthem God Save The Queen andAFP - 220 words
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163 2010-05-19 26 Marks Spencer and Tesco top wine event Bloomberg [LONDON] Tesco plc and Marks Spencer Group plc were yesterday named as the joint leaders among UK supermarkets in the International Wine Challenge 2010, an annual competition that attracted entries from 46 countries. Each picked up 62 awards for their own-label wines.Bloomberg - 163 words
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Page 26 Advertisements
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Advertisement64 2010-05-19 26 .Tv: 2& V—1 CORPORATE BUSINESS FINANCE INVESTMENT i Victoria Xue, Lawyer, ANZ Bank Ss K PROPERTY > i I i i i i 'k •J ■Tr »r"r > 1 <r *r"*v f7 > A rvV 1 MG r» x v w ,:x j* L"- Jl. F!v ->:■ Get the best64 words
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Page 27 Advertisements
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Advertisement58 2010-05-19 27 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 iS P 6578 9966 60,00058 words
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Advertisement3130 2010-05-19 27 Mm KLW HOLDINGS LIMITED (Company Registration No: *****4141D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the "EGM") of the Company will be held at 19 Senoko Loop Singapore *****9 on 11 June 2010 at 11 a.m. for3,130 words
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EDITORIAL & OPINION
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540 2010-05-19 28 EDITORIAL THE Indian economy’s voracious appetite for energy resources brings into sharp focus a recent and critically important verdict by the country’s Supreme Court on natural gas pricing. The ruling relates to a five-year dispute between the billionaire Ambani brothers, Mukesh and Anil,540 words
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Article, Illustration921 2010-05-19 28 ANOOP SINGH - As outside demand will be low, Asia will have to search for stronger domestic driver of growth By ANOOP SINGH The writer is director of the IMF’s Asia Pacific Department AS THE world climbs out of the deepest recession in recent history, AsiaREUTERS; Source: IMF - 921 words
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Article, Illustration765 2010-05-19 28 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator IN September 2007, when Chinese President Hu Jintao was visiting Australia, he was pleasantly surprised to encounter the then leader of the opposition Labor Party, Kevin Rudd, who765 words
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Article, Illustration1436 2010-05-19 29 NIEL THASSIM - Investors are drawn to region’s underlying economic growth, stable yields, expansion of diverse market segments By NIEL THASSIM The writer is the chairman of the Cityscape Asia Conference 2010, the world’s largest B2B real estate investment and development exhibition and conference. Cityscape Asia isREUTERS - 1,436 words
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Article, Illustration678 2010-05-19 29 DAVID PAULY - By DAVID PAULY The writer is a columnist for Bloomberg News. The opinions expressed are his own STANDARD Poor’s, Moody’s Corp and Fitch Ratings are getting their comeuppance. Their oligopoly for assigning credit risk on securities around the globe is under ever-fierc-erAP - 678 words
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463 2010-05-19 29 Sam Chong Keen - LETTER TO THE EDITOR Sam Chong Keen Former CEO Sino-Environment I REFER to your Hock Lock Siew commentary, “Nothing at Sino-Env but more questions” (BT, May 17). The commentary concluded that “developments in the past three months have been hardly progressive, except to463 words
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Transport HUB
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478 2010-05-19 30 Demand shrinks surplus of tankers competing to haul Mid-East crude Bloomberg [NEW YORK] Supertanker shipping rates may more than double as futures premium encourages traders to use the tankers to store crude, Morgan Stanley said. “With the forward price of crudeBloomberg - 478 words
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Article278 2010-05-19 30 SGX '000 May 18 S$ +/-Vol CH Offshore 0.62 -0.01 1878 Chuan Hup Hldg 0.28 unch 315 Cosco Corp 1.57 0.01 ***** CWT Ltd 0.94 0.01 901 Ezra Hldgs 1.92 0.02 5362 First Ship Lea 0.48 unch 1313 Freight Links 0.05 unch 2100 Grand Banks unch unch 0278 words
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Article, Illustration510 2010-05-19 30 Reuters [COCODRIE, Louisiana] Energy giant BP said yesterday that it was now able to siphon off about 40 per cent of the oil gushing from a ruptured well in the Gulf of Mexico but has not been able to stop the leak, asReuters; REUTERS - 510 words
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438 2010-05-19 30 Weak Chinese steel prices put pressure on capesize rates Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, softened on Monday with slower demand for the larger capesize vessels weighing on overall sentiment. TheReuters - 438 words
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Article955 2010-05-19 30 DAVID HUGHES - STRAIT TALK By DAVID DAVID HUGHES PIRACY and specifically that perpetrated by Somali gangs is a big issue for the shipping industry that will not go away. To an extent, it has become the proverbial “elephant in the room”. The industry adjusts, takes some precautions,955 words
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Page 30 Advertisements
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Advertisement792 2010-05-19 30 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CONTINENTAL CONSULTING PTE LTD (Incorporated in Singapore with registration no: *****6769D) NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore ("Companies Act"), that at an Extraordinary General Meeting of Continental Consulting Pte Ltd792 words
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TRANSPORT HUB: AVIATION
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732 2010-05-19 31 NYT [NEW YORK] A captain returned to the cockpit after taking a bathroom break and found the first officer facing away from the instruments and talking to a flight attendant. Unnoticed was the fact that the autopilot had disconnected and the planeNYT - 732 words
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250 2010-05-19 31 Bloomberg AP [LONDON] British Airways is working to restore long-haul flights from London Heathrow airport after a court blocked a strike by cabin crew yesterday. Britain’s High Court ruled on Monday that a planned strike by British Airways cabin crews was unlawful, stopping theBloomberg; AP - 250 words
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Article, Illustration566 2010-05-19 31 Bloomberg [LONDON] The volcanic ash cloud that has closed European airports for two weeks out of the past five is changing travel habits, leading to a surge in rail and ferry bookings. Richard Branson’s Virgin Trains is reporting increased demand onBloomberg; AFP - 566 words
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389 2010-05-19 31 It says better system needed to minimise disruption from volcanic ash cloud Reuters AP [GENEVA] European aviation authorities urgently need to revise their airspace rules to minimise disruption from ash emitted by an Icelandic volcano, the airline industry body Iata said yesterday. TheReuters; AP - 389 words
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Article2862 2010-05-19 31 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 JL5083 2230 --QF82 2230 LH9770 2350 --SQ269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0605 MP96 0840 SQ323 0605 LO4032 23452,862 words
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Page 31 Miscellaneous
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Miscellaneous326 2010-05-19 31 CRYPTIC CROSSWORD Across 1 Annie perhaps is calm after revision, impressing head of university (7) 5 Demanded medical reforms (7) 9 Smallest one ultimately comes in after all the others (5) 10 Type of move a man might do on a horse? (9) 11 Engaging sidelight fully or partially? (10)326 words
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TRANSPORT HUB: LAND
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Article, Illustration705 2010-05-19 32 SAMUEL EE - New small car being planned will be ‘an aircraft with the wings clipped off’ Reports by SAMUEL EE [SINGAPORE] The expanded line-up of a rejuvenated Saab brand will not include a model that is bigger than the upcoming 9-5 sedan, but will include a705 words
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Article272 2010-05-19 32 SAAB expects to be profitable in 2012 after breaking even some time in 2011, says the new owner of the Swedish carmaker, Victor Muller, who is also CEO of Spyker Cars of the Netherlands. “We will be profitable when we have a volume of 120,000272 words
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542 2010-05-19 32 It steers clear of industry tie-ups to guard independence Bloomberg [BERLIN] Bayerische Motoren Werke (BMW) is accelerating a shift to bat-tery-powered vehicles, developing lightweight carbon parts and slashing spending as it guards against a wave of consolidation in the auto industry. The movesBloomberg - 542 words
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304 2010-05-19 32 AFP [LONDON] Japanese carmaker Nissan announced on Monday that the company’s Leaf electric car will be sold in Europe for under 30,000 euros (S$51,518) after various government incentives. The Leaf, which stands for Leading, Environmentally Friendly, Affordable, Family car, is billed by Nissan asAFP - 304 words
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460 2010-05-19 32 Bloomberg [TOKYO] Honda Motor Co remains sceptical about demand for electric cars 10 years after it stopped selling its EV Plus battery-pow-ered model, the head of research at Japan’s sec-ond-largest carmaker said. “We lack confidence” in the electric-vehicle business, Tomohiko Kawanabe, president ofBloomberg - 460 words
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Page 32 Advertisements
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Advertisement147 2010-05-19 32 Mi m j#ii ni MP a %*x£Zr'.v< ar. »> r if i I f »r mil* 94 \i&k 25&gp Y r A .-'V< U' y IN p> >Btt ;'<■» \J V*f 5. > >> i 1- 13« r*- H V** SL_ W If '1 BRING YOUR FAVOURITE MOMENTS HOME View147 words
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SINGAPORE STOCKS
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Article8849 2010-05-19 33 Transaction date: May 18 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 16 15.5 16.5 1.7 11.3 5.1 76.6 10 5.5 5834 A-Sonic 7 -0.5 4248,849 words
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Article1642 2010-05-19 34 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 +1 105 18 17 171,642 words
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Article693 2010-05-19 34 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 $mil 112 107 6389 ABF SG Bond ETF 111 109.5 114 506.7 883 610 CIMBAsean40 100US$ US835 +1 20 835 835 839 845 33.4 306693 words
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Article259 2010-05-19 34 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 +0.5 298 19.5 19.5 19 20259 words
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Article9417 2010-05-19 34 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.19/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.9497/0.9497 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.6338/ Asian Credit Fund 1.2452/ Asian9,417 words
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Advertisement87 2010-05-19 33 „CK M<„ GENEVE CONQUISTADOR KM CMS CHRONOGRAPH LIMITED EDITION FRANCK MULLER BOUTIQUE ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES TAKASHIMAYA SC NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 WATCHES OF SWITZERLAND PARAGON (65) 673287 words
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FINANCE & COMMODITIES
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365 2010-05-19 35 In local curr In S$ In US$ dy yr dy yr dy yr May 17 Index Change Change Change Change Change Change World Index Preliminary 819.7 -1.0 -1.5 -0.9 -5.9 -1.3 -5.1 EAFE Preliminary 753.0 -0.8 -4.1 -1.2 -12.5 -1.5 -11.7 Europe Preliminary 1071.4 -0.1365 words
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Article133 2010-05-19 35 May 18 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2070 1.2440 Can dollar 1.3360 1.3520 Euro 1.7090 1.7280 NZ dollar 0.9600 0.9810 Sterling pound 1.9960 2.0190 US dollar 1.3830 1.3980 Local dollars to 100 units of133 words
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Article27 2010-05-19 35 May 18 Open High Sett STI May 2839 SIMSCI May 336.4 338.4 336.5 Taiwan May 269.9 272.0 270.0 Source: MF Global (S) Pte. Ltd27 words
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Article177 2010-05-19 35 May 18 $S Offer Bid Overnight 0.03 PAR 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.05 US$ 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 12177 words
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Article21 2010-05-19 35 May 18 Bid Offer 1-month 1.3878 1.3889 2-months 1.3878 1.3889 3-months 1.3878 1.3889 6-months 1.3876 1.3888 Source: OCBC21 words
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Article67 2010-05-19 35 May 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2449 2470 2474 2443 897 6361 Jul 10 2426 2455 2462 2426 2196 ***** Aug 10 2417 2445 2450 2417 4649 9609 Sep 10 2419 243167 words
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Article359 2010-05-19 35 May 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4300 0 1219 Sep10 99.3000 0 1994 Dec10 99.1600 0 1241 Mar11 99.0000 0 1368 EUROYEN TIBOR FUTURES Jun10 99.6225 259 5662 Sep10 99.6450 99.6450 99.6450 99.6475 200 3101 Dec10 99.6525 100 1661 Mar11 99.6425 0359 words
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Article159 2010-05-19 35 May 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 366.0 366.0 366.0 4 Jul 10 325.0 325.0 325.0 16 Aug 10 300.0 290.0 300.0 42 Sep 10 283.0 283.0 286.0 10 Oct 10 287.0 283.0 287.0159 words
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Article88 2010-05-19 35 May 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 19.08.2010 0.29 0.23 0.23 1-Year BY*****W 03.05.2011 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 104.1 5-Year N*****0N 1.375 01.10.2014 101.73 101.92 101.7888 words
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Article105 2010-05-19 35 May 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 941.00 953.50 955.00 937.50 Aug 10 935.25 947.50 948.50 933.50 Sep 10 920.75 931.50 931.50 918.00 Nov 10 916.50 926.25 927.25 911.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.13 37.51 37.69105 words
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Article77 2010-05-19 35 CRUDE OIL PRODUCTS May 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.82 -3.16 WTI (Near Mth) 71.66 unch Dubai (1-Mth F) 79.12 unch Tapis blend 83.10 -2.05 Minas 82.85 -1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.50 unch Jet Kerosene 90.15 unch US$/barrel Opec Oil77 words
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2349 2010-05-19 35 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 15 6 4.50 48 4085 ASJ Hldgs W*****1 4 1 4 7 1.88 21 2036 Advance SCT W*****9 0.5 1 87 2817 6.00 32,349 words
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Article466 2010-05-19 35 May 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.901 5.981 0.707 6.831 39.911 79.769 0.813 10.045 2.816 1.250 74.070 39.622 1.216 6.588 0.991 27.899 28.311 0.605 0.876 Canada 1.110 6.640466 words
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Article85 2010-05-19 35 May 18 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-05-19 35 May 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2157 1.2170 0.8760 0.8762 Canadian dollar 1.3497 1.3511 0.9726 0.9728 Euro 1.7200 1.7220 1.2394 1.2398 NZ dollar 0.9719 0.9735 0.7003 0.7009 Sterling pound 2.0093 2.0114 1.4478 1.4482154 words
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Article140 2010-05-19 35 May 18 GOLD (US$/oz) May 18 May 17 Hong Kong 1217.60 1239.10 May 14 May 17 London 1222.15 1229.85 1223.15 1230.85 Source: Thomson Reuters CAST BAR May 18 (S$) Selling Buying Kilobar "58,700.20" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 373.45 274 10gm 666.61140 words
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Article69 2010-05-19 35 May 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1965.00 2079.00 3 months 1990.00 2101.00 Copper, Grade A (US$/tonne) Cash 6435.50 6894.00 3 months 6470.00 6926.00 Lead (US$/tonne) Cash 1774.00 1910.25 3 months 1805.00 1940.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article77 2010-05-19 35 May 17 COCOA (£/tonne) Close Prev High/Low Jul 10 2230 2218 2233/2185 Sep 10 2202 2192 2206/2161 Dec 10 2173 2157 2174/2130 Mar 11 2160 2141 2160/2119 COFFEE (US$/tonne) Close Pev High/Low May 10 1307 1328 1320/1312 Jul 10 1352 1376 1369/1350 Sep 10 1386 1411 1403/1384 SUGAR (US77 words
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5977 2010-05-19 36 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.5,977 words
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Advertisement23 2010-05-19 36 loai TO ADVERTISE, CI A LI IOI WONG Can they services here in -the Shipping lllMEfl 1 327 THE BUSINESS TIMES SHIPPING TLLVIES23 words
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Advertisement34 2010-05-19 37 I' m A Can they FREIGHT I find .y° ur m services FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132734 words
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executive Money
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Article, Illustration598 2010-05-19 38 GENEVIEVE CUA - First State Investments believes in capital preservation and growth, reports GENEVIEVE CUA GENEVIEVE CUA ANGUS Tulloch, an old hand at Asian equities, is maintaining a defensive stance amid the current uncertainty that has been roiling markets. Mr Tulloch, joint managing partner (Asia-Pacific/global emerging markets) at FirstARTHUR LEE - 598 words
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Article, Illustration871 2010-05-19 38 NYT [NEW YORK] After a nice run, the stock market looks a lot like the movie Jaws 2: just when you thought it was safe to go back into the water (cue the menacing music). But before the concern about Greek debt and the wildNYT; AFP - 871 words
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Article, Illustration1138 2010-05-19 39 PHILIP WEE - Longer term, Asian currencies likely to be stronger against euro and greenback MONEY MATTERS PHILIP WEE The writer is Senior Currency Economist at DBS Group Research COMPARED to 2009, exchange rate markets have become more challenging this year. During the first year of the recoverySource: DBS Research, Reuters - 1,138 words
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783 2010-05-19 39 ROBERT J SHILLER - Risk can’t be quantified as danger comes from a crisis of confidence By ROBERT J SHILLER NYT [NEW YORK] The risk of a dou-ble-dip recession hasn’t abated, even after news of the huge European bailout in response to the Greek debt crisis. WorldNYT - 783 words
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Advertisement136 2010-05-19 38 iOCBC TradeMobile Sinfl'" jOCBr l a# fMKtj StocK Done Trad eM 0 h ile l*X» A20 .ill Caned Let's talk about smarter trading on the go. Trade global markets anytime, anywhere*. Download iOCBC TradeMobile Singapore's FIRST equities trading app for FREE from Apple App Store. For more information, please contact136 words
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Advertisement212 2010-05-19 38 *1 Market Trade theUS with KE CFDs from US$0.04 per share. Greek X. debt downgrade Corporate earnings season US Healthcare bill Dassed Goldman Sachs inquiry Wall Street financial reform A slew of good and bad news have caused unprecedented volatility in the US stock market. Traders can stay ahead of212 words
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Advertisement597 2010-05-19 39 Where to buy and sell global shares with just one account? TALK TO PHILLIP. With one account, access 16 global exchanges. Place your global trades online through POEMS Global stock exchanges including SGX, NYSE, NASDAQ and AMEX are just a click away Access other exchanges in UK, Japan, Hong Kong,597 words
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Advertisement199 2010-05-19 40 \w w wjm m m i IttlMBIWl sfc m sfss p; MR strife M-mmm w Vfsv mm "M «fia» 1 $8 *$KS #< m :vZ MvV ilitrvi® Si .B eW&sj ■-r< vv. S4^ f 1 a-/- -■••:KV m: iS§<®S hp .••'>{.■■-% 1 > v- THE CONFIDENCE OF SECURITY. WEALTH. WHAT'S199 words
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Who’s who in Law
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Article, Illustration309 2010-05-19 1 Chew Xiang - Chew Xiang A FTER several hair-raising months last year, the legal sector is back on its feet and roaring ahead, comfortably outperforming the Singapore economy in the last two years. So what’s next, beyond recovery? This report looks at some of the emerging trends of the past few years and309 words
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Article, Illustration1329 2010-05-19 1 CHEW XIANG - Local firms are competing head-to-head with their foreign counterparts to keep their best young people, reports CHEWXIANG CHEW XIANG JUST 12 months ago, the legal sector seemed to be facing its toughest challenge since the recession of 2001-3. Fees from corporate work wereFILE PHOTO - 1,329 words
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Article, Illustration1139 2010-05-19 2 CHEW XIANG - CHEW XIANG finds out whether having a presence in a ranking publication has any impact on a law firm’s reputation or business CHEW XIANG IT WAS only 17 years ago that law firms here were first allowed to advertise their services, with the publishing of the1,139 words
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Article, Illustration1321 2010-05-19 2 TAN CHENG HAN - By TAN TAN CHENG HAN The writer is the Dean of the Faculty of Law at National University of Singapore. His forthcoming book, The Law of Agency, will be available in July from Academy Publishing THE complexities and demands of life mean that peopleST FILE GRAPHIC - 1,321 words
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Article, Illustration1110 2010-05-19 3 TIMOTHY SEOW - Legal Process Outsourcing seems to be a practice more common among overseas law firms than local ones, reports TIMOTHY SEOW TIMOTHY SEOW BANKS and multi-national companies have been using call centres and offshore back-offices for years. Law firms have understandably followed suit, but inFILE PHOTO - 1,110 words
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Article, Illustration1286 2010-05-19 3 BRYAN GHOWS - Law firms and lawyers can adopt it as a means to develop their brand and create a personal following By BRYAN GHOWS The writer practises Intellectual Property and Information Technology law at TSMP Law Corporation. His firm disavows all his non-billable viewsBLOOMBERG - 1,286 words
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Article, Illustration1440 2010-05-19 4 ROBERT SAWHNEY - ROBERT SAWHNEY reviews recent changes in the legal industry and the implications for Asian law firms ROBERT SAWHNEY The writer is the managing director of SRC Associates Ltd, a Hong Kong based firm that works throughout Asia with law and other professional service firmsFILE PHOTO - 1,440 words
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Article, Illustration948 2010-05-19 4 MARK FINDLAY - Besides legal regulation, consumer education and realistic pricing policies by brand producers are needed By MARK FINDLAY The writer is Professor of Law at Singapore Management University THE massive retail presence in precincts like Orchard Road relies on “brand” conscious consumers. Across AsiaFILE PHOTO - 948 words
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Advertisement52 2010-05-19 1 Rankings: A growing industry PAGE 2 Different strokes for overseas, local firms PAGE 3 What’s in store for the future PAGE 4 Allen Gledhill PAGE 5 Harry Elias PAGE 6 KhattarWong PAGE 7 Rajah Tann PAGE 8 Rodyk Davidson PAGE 9 TS Oon Bazul PAGE 10 WongPartnership PAGE 11 TSMP52 words
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Advertisement1120 2010-05-19 5 Over the years, we have been recognised as a leading Singapore firm. We are pleased to have received this recognition and believe it has been gained by the great emphasis we place on serving our clients well and developing our lawyers to the best of their abilities. Lucien Wong Managing1,120 words
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Advertisement595 2010-05-19 6 i:= HARRY ELIAS PARTNERSHIP "A Practice of Firsts" We're a practice of firsts, our reputation is not derived from the "firsts" but from what lies behind those firsts. Our core values of integrity, cohesion, accountability, respect and excellence differentiate our Firm from others. These put us in the best position595 words
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Advertisement858 2010-05-19 7 Our client's interests, the deeper impact our advice has on their businesses and lives are always top priority when we approach a matter. It's easy to say, 'do this' and collect our fees and walk away. But what happens after that? Our dedication is our difference clients know that they858 words
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Advertisement247 2010-05-19 8 RAJAH TANN Lawyers who know Asia The Asian edge from lawyers who know Asia Throughout Asia, our knowledgeour resources, owr insight can be your business advantage. In terms of the quality and scope of our legal and commercial expertise, we have particular strengths in a number of fields, including shipping,247 words
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Advertisement1081 2010-05-19 9 m Rodyk's enduring legacy from inception in 1861, in our integrity and graciousness in dealings, continues to be reflected daily in how well our clients trust us... Helen yeo, Managing Partner, Rodyk Davidson LLP All cylinders are firing at Rodyk Davidson, which is seeing increased business volumes on all fronts.1,081 words
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Advertisement1466 2010-05-19 10 Building a strong team of lawyers who are leaders in their areas of practice has been very rewarding. It is especially satisfying to see the firm garner a strong reputation both locally and internationally and becoming the natural choice for multi-nationals and institutional clients. Oon Thian Seng and Bazul Ashhab1,466 words
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Advertisement1005 2010-05-19 11 WONG PAR TNERSHIP 'C r About WongPartnership WongPartnership LLP was established in 1992. In 18 years, the Firm has grown to become one of the largest firms in Singapore with more than 230 lawyers and overseas offices in Shanghai, Abu Dhabi and Qatar. WongPartnership is consistently ranked at the highest1,005 words
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Advertisement914 2010-05-19 12 Old World Values, New Economy Delivery TSMP believes that justice and integrity should be the foundation of any law practice. At the same time, in today's market, clients need us to provide complex, customised and cutting-edge legal solutions, fast. We strive to balance these old-world values with new-economy delivery. Thio914 words
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