The Business Times, 20 May 2010

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Microfilm: NL30669
Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, May 20,2010
    23 words
  • Article
    Lock icon Resilient S’pore heads list for competitiveness
    679 1  -  Republic overtakes US by weathering financial storm well By TEH SHI NING [SINGAPORE] The Republic has emerged first in the latest world competitiveness rankings, narrowly overtaking Hong Kong and the US, which fell to third place after 16 years at the top. Swiss business
    679 words
  • Article, Illustration
    Lock icon Thailand shuts down its banks as Bangkok burns
    800 1  -  Holiday declared for financial institutions and stock market amid fears of capital flight; rioting rages on By LEE U-WEN [SINGAPORE] Banks across Thailand and its stock market will remain closed for the rest of the week as the country seeks to stop
    REUTERS  -  800 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,774.54 (-69.81) ST INDEX FUTURES 2,769 (-70) SIMSCI 330.59 (-7.65) SIMSCI FUTURES 329.70 (-6.80) FOREX US$ S$ US$ (S$ per US$) 1.399 (US$/S$ per 1.433 2.004 EURO (US$/S$/E) 1.219 1.705 Foreign currency per US$ S$ YEN 91.80 65.70 RM 3.241 2.317 HK$ 7.800 5.577 BAHT 32.34
    141 words
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      142 1 INDONESIA Bank Mandiri chief named new finance minister BIZIT IBM to inaugurate $90m facility today PAGE 36 STOCK MARKETS Germany’s new trading curbs hit global stocks PAGE 2 PROPERTY New office projects see space getting snapped up PAGE 4 PAGE 2 JGU Jaeger- leCoultrp> u i HAVE YOU EVER WORN
      142 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      534 2 Thailand shuts down its banks as Bangkok burns BANKS across Thailand and its stock market will remain closed for the rest of the week as the country seeks to stop the flight of capital after a day of military action and rioting. The Bank of Thailand declared bank
      534 words
    • Article, Illustration
      Lock icon German short-selling curb rattles world markets
      809 2  -  Sell-down in Asian markets also fuelled by fears of overheating in China By JAMIE LEE [SINGAPORE] Global markets and the euro chalked up fresh battle scars after the latest trading limit imposed by Germany left deeper fears that the European debt crisis may be
      AFP  -  809 words
    • Article, Illustration
      Lock icon Bank Mandiri chief named Indonesian finance minister
      401 2 AFP Reuters [JAKARTA] Indonesian President Susilo Bambang Yudhoyono yesterday named PT Bank Mandiri chief Agus Martowardojo as his new finance minister, following the shock resignation of Sri Mulyani Indrawati. Anny Ratnawati, the finance ministry’s director-general of budgeting, was named deputy finance minister. Mr
      AFP; Reuters; REUTERS  -  401 words
    • Article
      Lock icon SEC to test circuit breakers for S&P stocks
      580 2 NYT [WASHINGTON] The Securities and Exchange Commission (SEC) said on Tuesday that it will temporarily institute circuit breakers on all the stocks in the Standard Poor’s 500-stock index after the huge market gyrations on May 6. The circuit breakers will pause trading
      NYT  -  580 words
    • Article, Illustration
      Lock icon New office projects see space snapped up
      763 4  -  Buzz focused on to be completed Ocean Financial Centre, 50 Collyer Quay By KALPANA RASHIWALA [SINGAPORE] The upswing in office leasing deals continues, helping to absorb more of the space in new office projects being built. Much of the latest leasing buzz has
      763 words
    • Article, Illustration
      Lock icon Former HK money chief warns on yuan bets
      564 4  -  By CONRAD TAN [SINGAPORE] Bets that the yuan will strengthen suddenly against the US dollar in the near term if China loosens its peg to the US currency are wrong, former Hong Kong Monetary Authority chief executive Joseph Yam said yesterday. Instead,
      BLOOMBERG  -  564 words
    • Article, Illustration
      Lock icon Pushy, callous private bankers are turnoffs
      502 4  -  By GENEVIEVE CUA [SINGAPORE] Private bankers lose sight of the relationship they should be building with clients when they become sales people pushing products, says Indian entrepreneur and billionaire Bhupendra Kumar Modi, chairman of the Spice Global group. He was speaking yesterday as part
      FILE PHOTO  -  502 words
    • Article
      Lock icon Goldman clients lose on recommended trades
      464 4 Bloomberg [NEW YORK] Goldman Sachs Group racked up trading profits for itself every day last quarter. Clients who followed the firm’s investment advice fared far worse. Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who
      Bloomberg  -  464 words
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      487 2 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR TOTAL AMOUNT OFFERED MINIMUM DENOMINATION MAS' INTENDED TENDER AMOUNT" ISSUE CODE ISIN CODE ISSUE DATE/SETTLEMENT DATE MATURITY DATE* COUPON RATE YIELD AND PRICE COUPON PAYMENT DATES* NEXT COUPON PAYMENT DATE* METHOD OF SALE COMPETITIVE APPLICATIONS NON-COMPETITIVE APPLICATIONS
      487 words
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      11 2 Analysis: Spotlight on fund manager in May 6 crash, Page 26
      11 words
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      221 3 ORCHARD! SCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 tf 1 1 ✓'I Ml I ffl nil v >- rJi. _l- Jam > HI r at e fc:^r^ M 5 e T-I II BS 3 S a^K r .JBwff i• 4agHMP*2ta The luxury of space In the heart of
      221 words
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      197 4 P NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE MBA Global Leadership for the Asian Century NBS's flagship MBA programme ranked #1 in Singapore and #27 Worldwide. (2010 Financial Times Global MBA Rankings) j Willie Wong Chairman Managing Director Frontken Corporation Group of Companies Helen Lim-Yang Senior Partner Kelvin Yoo
      197 words
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      255 5 f ft* Q.tr. t :l- :,S'M»« > V J: .< iy ;> ,1 <j.?4?w8 > i<r. I. »v .J v !r.. c m 1 }|f i'V.V T i iv.v'w ;V i-fcS I \v v/'. I 1 v. m \Vr. 3->"V aw.'*. 4cv*r4« J lS V •:< f £3 -.i' *.<
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Wilmar shares dive 7% on tax probe allegations
      573 6  -  Analysts maintain ‘buy’ rating on stock, see no impact on operations By JOYCE HOOI WILMAR International’s counter took a beating in the stock market yesterday its biggest in 17 months after news broke that its Indonesian subsidiaries are being investigated for alleged
      FILE PHOTO  -  573 words
    • Article
      Lock icon IPOs gone – but are they really being missed?
      629 6  - IPOs gone but are they really being missed? HOCK LOCK SIEW By WONG WEI KONG IF VOLATILITY is the best friend of traders, it is surely the worst enemy of investment bankers. The turbulence in global markets has certainly cut short the nascent recovery in initial public offerings (IPOs) so
      629 words
    • Article
      Lock icon Agus plans debt repayment through capital-raising deal
      750 7  -  Fee from brokering Teledata-GEM deal will be in addition to two projects’ income By FELDA CHAY DEBT-RIDDEN ex-bank owner Agus Anwar is planning to repay a part of the arrears he owes to 25 creditors by negotiating a capi-tal-raising deal between mainboard-listed Teledata
      750 words
    • Article
      Lock icon Super Group to expand ingredients business
      265 7 Reuters SINGAPORE’S Super Group, which is best known for its Owl and Super Coffeemix coffee, said yesterday that it hopes to boost revenue from industrial customers to 40 per cent of the business in three to four years from around 10 per cent at
      Reuters  -  265 words
    • Article, Illustration
      Lock icon Legal action over PCCW bid is still ongoing: Li
      356 7 Bloomberg [HONG KONG] PCCW Ltd chairman Richard Li says legal issues concerning his aborted US$2.1 billion buyout bid for the Hong Kong phone carrier aren’t resolved, three months after police were said to have begun a probe into the proposed offer.
      Bloomberg; BLOOMBERG  -  356 words
    • Article
      Lock icon Q1 results ended March 2010
      3033 8 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 UOB 700.00 409.00 71.1 1,502.00 1,384.00 8.5 2 OCBC Bk 676.00 545.00 24.0 1,385.00 1,347.00 2.8 3 Wilmar Intl 562.35 532.34 5.6 9,476.55 6,946.36 36.4 4 DBS Grp 532.00 433.00 22.9 1,713.00
      3,033 words
    • Article, Illustration
      Lock icon Tiger Airways extends Budget Terminal deal
      412 9  -  Contract with Changi Airport has mutually beneficial terms, Tiger says By VEN SREENIVASAN TIGER Airways Singapore has signed a deal with Changi Airport to continue operating out of the Budget Terminal for another three years to December 2012. No terms have been disclosed, but
      BLOOMBERG  -  412 words
    • Article
      Lock icon SPH official news agency for YOG
      316 9  -  By LEE U-WEN THE International Olympic Committee (IOC) has appointed Singapore Press Holdings (SPH) as the official host news agency for this year’s inaugural Youth Olympic Games (YOG). SPH’s role will be to provide regular reports and full photographic coverage of the 13-day event,
      316 words
    • COMPANY BRIEFS
      • Article
        Lock icon SIAEC signs $42m deal with Brunei carrier
        89 9 SIA Engineering Company (SIAEC) has signed a $42 million fleet management programme (FMP) contract with Royal Brunei Airlines to provide maintenance and fleet management services for its fleet of six Boeing B777-200ER aircraft, which it is leasing from Singapore Airlines. Under the FMP
        89 words
      • Article
        Lock icon Tiger Beer is World Cup telecast sponsor
        61 9 TIGER Beer, brewed by Asia Pacific Breweries, has announced its partnership with StarHub and SingTel as a sponsor of their 2010 FIFA World Cup Broadcast in Singapore from June 11 to July 11. The partnership follows Tiger’s recent announcement of a two-year association
        61 words
      • Article
        Lock icon Advance SCT in share deal to cut debt
        84 9 ADVANCE SCT Ltd said it has entered into a share agreement with 20 subscribers to help reduce its debt. Under the deal, it will issue 60.91 million new shares at $0.0259 each. This will help to capitalise $1.58 million of its debt,
        84 words
      • Article
        Lock icon Riverstone plans warrants issue
        108 9 RIVERSTONE Holdings has proposed a renounceable non-underwritten rights issue of up to 61.90 million warrants at an issue price of $0.02 per warrant on the basis of one warrant for every five shares. Each warrant will carry the right to subscribe for one new share at
        108 words
      • Article
        Lock icon Otto Marine’s ship order cancelled
        45 9 OTTO Marine Ltd said it has received a notice from Mosvold Supply I Limited to cancel a shipbuilding contract for a 21,000 bhp AHTS (VS 491 CD) vessel. Otto said it has made provision for the cancellation of the contract.
        45 words
    • Article
      Lock icon Fabchem FY2010 profit rises 35.1% to 47.2m yuan
      231 9 FABCHEM China Limited posted a 35.1 per cent surge in net profit, from 34.9 million yuan (S$7.16 million) in FY2009 to 47.2 million yuan in FY2010 ended March 31. The manufacturer of explosive devices and industrial detonators reported the robust growth in
      231 words
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      127 6 <VlflB7:YAli]B7i B 1M Vr ]J' y !!n 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/bt3 and receive a complimentary copy of the most anticipated Project Status Report in
      127 words
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      508 7 Looking for a Payroll Partner who... Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY, that enable
      508 words
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      195 9 EMERG ,NG ENTERPRISE 2010 Jointly Pi THE BUSINESS TIMES Jointly Presented By: 0OCBC Bank QOCBCB^ 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
      195 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index breaks below 2,800
      581 10  -  Rampant fears over euro and Europe economy continue to spook the region STOCKS R SIVANITHY Senior Correspondent FOR a while, it looked like the Straits Times Index would be able to hold on to the 2,800 level, but hopes in that regard were dashed in
      Source: Bloomberg  -  581 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 May 19 VALUE CLOSE BT OB/OS -839.00 -59.00 BT CADI -*****.00-358.00 BT 10-day MA -*****.00 -84.00 FTSE ST Mid Cap 676.47 -14.28 FTSE ST Small Cap 526.27 -14.41 FTSE ST All Share 685.73 -16.90 FTSE ST China Top 262.39 -10.94 FTSE ST China 282.17 -11.18 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 10 VOLUME Genting SP 130,033,000 Golden Agri 106,206,000 UniFiber 75,101,000 Wilmar 41,807,000 Noble Grp 35,192,000 Yangzijiang 30,594,000 GMG Global 28,294,000 NOL 28,221,000 Cosco Corp 26,011,000 Sapphire 20,781,000 VALUE($) Wilmar 243,027,090 Genting SP 125,560,290 DBS Grp 112,357,052 Keppel Corp 75,909,672 CapitaLand 67,684,301 Noble Grp 63,869,915 SingTel 58,789,572 UOB 58,111,794
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 13 1 0 0 0 2 13 1 Manufacturing 17 112 58 2 10 16 19 122 74 Commerce 2 41 18 1 9 3 3 50 21 Tpt/Stor/Comms 3 34 4
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Banks
        310 10 DBS Group Research, May 19 SINGAPORE banks reported stronger q-o-q earnings of 20 per cent in Q1 2010 led by non-interest income, particularly trading income, and lower provisions. More importantly, pre-provision profits grew 22 per cent q-o-q (excluding the gain from United Overseas Bank’s disposal of UOB Life).
        310 words
      • Article
        Lock icon Shipping Trusts
        565 10  -  Shipping OCBC Investment Research, May 19 Compiled by CONRAD TAN Q1 2010 results for the Singa-pore-listed shipping trusts under our coverage were largely in line with our expectations. Pacific Shipping Trust (PST), FSL Trust (FSLT) and Rickmers Maritime (RMT) all reported y-o-y declines in distribution per unit, primarily
        565 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,374 24,374 113,455 113,455 Manufacturing 288,458 24,557 313,015 458,084 837 458,921 Commerce 98,918 3,666 102,584 134,877 709 135,586 Tpt/Stor/Comms 128,269 331 128,600 242,149 44 242,193 Finance 28,287 28,287 250,262 250,262 Construction 105,527 24,115 129,642 15,738
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 10 Stock name Close Change Stock name Close Change CapMallsAsia 2.100 -0.060 CapitaLand 3.570 -0.040 CapitaMall 1.900 -0.030 CityDev 10.400 -0.120 ComfortDelGro 1.500 DBS Grp 14.200 -0.140 F&N 4.780 -0.070 Genting SP 0.930 -0.070 Golden Agri 0.520 -0.020 HK Land 4.710 -0.240 JMH 34.020 -1.300 JSH 19.980
      113 words
    • Article, Illustration
      Lock icon Euro up from 4-year low in volatile trading
      485 10 CURRENCIES Reuters [NEW YORK] The euro rallied strongly across the board yesterday on rumours surrounding the European Central Bank (ECB) and the euro, with investors looking for any news that may show a reversal in the single currency’s fortunes. The euro swung
      Reuters; AP  -  485 words
    • Article
      Lock icon RISES
      114 10 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5331 208.4 2.9 GLD 10US$ ***** 40.6 0.2 Asia Pac Brew 1410 10.0 0.7 OCBC Bk 4.5%NCPS 100 ***** 10.0 0.1 STI 3000BNPePW*****9 55 9.0 19.6 CityDev.ES.1005 1036 8.0 0.8 STI 2850 DBePW*****2 35.5 7.5 26.8 STI 2900BNPePW*****9 34 7.5 28.3
      114 words
    • Article
      Lock icon FALLS
      121 10 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-597.1 -3.8 DBXT MSEurope 10US$ 3596-233.5 -4.4 DBXT DJE50 10US$ 3389-214.0 -4.3 JMH 3402-181.8 -3.7 DBXT FTVietnam 10US$ 4187-177.6 -2.9 Jardine C&C 2860 -84.0 -2.9 DBXT MSAsExJp 10US$ 2643 -83.9 -2.2 Lyxor EmergingMkts 1 937 -69.9 -5.1 DBXT FTChina25 10US$ 2752 -60.1
      121 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 10 May 19 CHNG YR 2010 CLOSE FR May 18 S$ LOW S$ HIGH US$ 1.4005 -0.84 1.4219 1.3680 Euro 1.7060 0.89 2.0153 1.706@ Pounds 2.0003 0.23 2.2831 2.0003@ A$ 1.1882 1.98 1.2960 1.1882@ Yen* 1.5300 -2.12 1.5927 1.4467 Rupiah* 0.***** -0.24 0.***** 0.***** Baht* 4.3297 -0.76
      87 words
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      138 11 Our warmest congratulations to IBM International Holdings B.V, Singapore Branch We are proud to be a Real Estate Partner of IBM SINGAPORE TECHNOLOGY PARK Designed and built by: BOUSTCAD/ Since 1828 Our Partn BC KOH PARTNERS <— r CHEM TECHNOLOGIES PTE LTD CSC 1*1?o FUJITEC 1 mAP m m s
      138 words
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  • SINGAPORE NEWS
    • Article
      Lock icon MAS finds no similar signs of Goldman’s alleged wrongdoing
      376 12  -  Securities offerings must comply with Securities and Futures Act: Lim YESTERDAY IN PARLIAMENT Reports by CHUANG PECK MING IN THE wake of the fraud charges against Goldman Sachs in the United States, the Monetary Authority of Singapore (MAS) has not found
      376 words
    • Article
      Lock icon Electronic Transactions Act changed to suit developments
      262 12 THE Electronic Transactions Act (ETA) has been overhauled to keep up with the rapidly changing digital world and improve the delivery and use of e-Government services. Parliament yesterday gave the green light to changes provided in the Electronic Transactions Bill that will repeal
      262 words
    • Article, Illustration
      Lock icon Remaining relevant critical: Jayakumar
      478 12  -  By LEE U-WEN SINGAPORE’S continued survival and well-being depends, to a considerable extent, on how the country makes a name for itself on the international stage and remains relevant to the global community, Senior Minister S Jayakumar said yesterday. The challenge for small states such as
      478 words
    • Article
      Lock icon I ME, Watchdata Tech to jointly develop mobile payment solutions
      244 12 THE Institute of Microelectronics (IME), a research institute for A*Star, and Watchdata Technologies announced a partnership to develop mobile payment solutions yesterday. The research development will leverage on IME’s innovative ASIC (Application Specific Integrated Circuit) solution and Watchdata’s expertise in
      244 words
    • Article
      Lock icon Cross-border financing for SMEs still on hold
      265 12 LOCAL enterprises looking to tap a proposed export-im-port bank or export credit agency to fund overseas expansion may have to look beyond this year. Second Finance Minister Lim Hwee Hua told Parliament yesterday that the Economic Strategies Committee’s proposal for the development of
      265 words
    • Article
      Lock icon Salary increments recover, still below pre-recession levels: poll
      358 12  -  By TEH SHI NING SALARY increments are bouncing back though it may be a couple of years before these reach pre-reces-sion salary jumps, says global human resource consultancy Hay Group. Employers expect to raise salaries by an average of 3.2 per cent
      358 words
    • Article, Illustration
      Lock icon Malay dance – the best of Zapin
      546 12  - Malay dance the best of Zapin SINGAPORE ARTS FESTIVAL By CHEAH UI-HOON IF you’ve only ever seen traditional Malay dances without quite understanding what goes into them, or what the difference between the dances is, then the inaugural Festival Village themed around the Zapin dance is slated to be an
      546 words
    • Article
      Lock icon Business China to set up forum in July
      182 12 BUSINESS China will launch a forum in July to facilitate a deeper and more integrated understanding of China’s fast-evolving society, culture, politics and economy. The inaugural FutureChina Global Forum will bring in over 30 discussion leaders from business, academia, government and people
      182 words
    • Article
      Lock icon Cat A premium up, Cat B down in weak market
      297 12  -  By SAMUEL EE PREMIUMS for certificates of entitlement mostly fell in yesterday’s second COE bidding exercise for May. Category A, for cars below 1,600cc, climbed by $1,287 to $27,389. But Cat B, for cars above 1,600cc, fell $3,400 to $34,600.
      297 words
    • Article, Illustration
      Lock icon Legacy of a captain of industry
      1083 15 TRIBUTE TO DR GOH KENG SWEE Primus Cheng CEO Prima Limited IN 1960, Dr Goh Keng Swee, as finance minister, was instrumental in my father, Mr Cheng Tsang Man, setting up the Prima Flourmill, the first flour mill in Singapore, and subsequently relocating his
      PRIMA LIMITED  -  1,083 words
    • Article
      Lock icon Signed with a flourish
      413 15 KEEPING a bit of Goh Keng Swee’s economic legacy for yourself might sound impossible, but some have found at least one way of doing so by purchasing rarefied bank notes carrying the signature of the man himself. And the local numismatic community collectors of old coins
      413 words
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      464 13 Carrefour <§► Items available at Suntec City Atrium, Carrefour Suntec City Carrefour Plaza Singapura in-store (while stocks last) Wine trr 7X/OU U UP: each CHATEAU LAMOTHE BERGERON 75c\, 2002 ■C c 6 J <5? at X Q s. c KM J 29?? 4 each lf'Il tS JjBOURG£ 0<r i'TrV.U 200!
      464 words
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      149 14 L V -v v' iiUf'x •i(i r .3?.3Br v ■i jf* r «C -i if S f "1'.: ,\r f M. v.. r > r.i: liS imflM *S$&. #f T" fel lilt At SPH, we constantly strive to be an industry leader while engaging minds and enriching lives. Our newspapers
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      182 15 Honda Odyssey. Singapore's coolest family car now comes with a 5 year unlimited mileage warranty. Fuel Efficient. Thanks to its powerful yet economical 2.4L i-VTEC engine, the Odyssey uses only 8.9L/100km! making it the most fuel efficient vehicle in its class. BGST FUGL eCONOMY 8.9L/100km* Maximum Safety. Safety is always
      182 words
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      101 16 flfl 1 iU L 1 ■^ii .r\i,' 3P;' 1 :0 B "I:-,'., r'l-' > jit I y <s ■is 'iX-iH r" 3 i r a A f tv+* ■b. j H uy i L I I 9to- j «g At SPH, people remain our best asset in accomplishing our mission
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  • ECONOMY WATCH
    • Article
      Lock icon Time running out to address problems in US
      474 17 Europe’s sovereign debt crisis reveals risks for US, says Volcker Bloomberg [SAN FRANCISCO] Former Federal Reserve chairman Paul Volcker, a top outside adviser to President Barack Obama, said that time is “growing short” for the US to address problems ranging from its
      Bloomberg  -  474 words
    • Article
      Lock icon Australian May consumer confidence hit by rate hikes
      549 17 Reuters [SYDNEY] Australian consumer confidence this month posted its biggest monthly decline since the Lehman collapse as households felt the pain of three straight rate hikes, pushing back expectations of the next policy tightening to next year. But other data pointed to
      Reuters  -  549 words
    • Article
      Lock icon Long-term debt-stress most persistent in Japan
      331 17 Reuters [WELLINGTON] Government debt will persist as a major problem in Japan until 2084, and in Italy until 2060, the International Institute for Business Development said in a new debt-stress index released yesterday. The Swiss business school, best known by its initials IMD, said
      Reuters  -  331 words
    • Article, Illustration
      Lock icon Athens says it has enough to pay debts
      478 17 AFP [ATHENS] Greece insisted yesterday that it had enough money to pay a nine billion euro debt and other creditors after a last minute EU loan transfer but the government faces a new general strike protest against its austerity cuts. The looming
      AFP  -  478 words
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      936 17 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg lti bg 11 National Bank of Kuwaiti (Incorporated in Kuwait with limited liability) Head Office: Abdullah Al-Ahmad Street P.O. Box 95, Safat ***** Kuwait LnlbaqJI NBK O Consolidated Balance Sheet As of 31 December 2009 Consolidated Statement of Income
      936 words
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      77 18 V A L" L T 1 V L A At SPH, our ethos of engaging minds and enriching lives is further strengthened by our corporate social responsibility efforts. Our work in community projects with charities and arts groups has won us accolades such as the HR Advocate Award for Corporate
      77 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL plans massive global sukuk issue
      487 19  -  It will hold investor roadshow in New York, Hong Kong, Abu Dhabi, Dubai By PAULINE NG in Kuala Lumpur THE Malaysian government has announced plans to issue the first global sovereign sukuk for the year of at least US$600 million. It will embark on
      487 words
    • Article
      Lock icon Dr M blames Sime’s Bakun losses on low bid
      779 19  -  Is only CEO responsible, he asks; responsibility should be shared, he says By S JAYASANKARAN in Kuala Lumpur FORMER Prime Minister Mahathir Mohamad yesterday said that conglomerate Sime Darby’s losses in the Bakun hydroelectric dam project occurred because its bid of
      779 words
    • Article
      Lock icon Islamic banking assets jump 29% amid global crisis
      316 19 Xinhua [KUALA LUMPUR] Indonesian President Susilo Bambang Yudhoyono said here yesterday that investor confidence had surged in the Islamic bond market in 2009 despite the global financial crisis. Dr Yudhoyono said at the Sixth World Islamic Economic Forum that Islamic bond sales
      Xinhua  -  316 words
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      133 19 BusinessChinaAwards 2010 The Business China Awards aim to honour outstanding businessmen, entrepreneurs, professionals and organisations for their successes and contributions to Singapore-China relationships and the appreciation of the Chinese language and culture. THREE AWARD CATEGORIES Business China Excellence Award Business China Young Achiever Award Business China Enterprise Award WHO CAN
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      317 20/21 Keppel Keppel T&T triples logistics capacity in Vietnam with 4 New Distribution Centres T&T m. ivo.TIAHSKIRPE-LO&i™* r V I. IN DO- TRANS KBPP" LOGISTICS I I Hi llll T" i wm H NORTH VIETNAM TIEN SON INDUSTRIAL PARK if f v x it I NORTH VIETNAM HANOI CITY SOUTH VIETNAM
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Buy more American goods, Locke urges China
      447 22 Greater domestic consumption will also help pare US’s trade deficit CHINA-US RELATIONS Reuters [SHANGHAI] US Secretary of Commerce Gary Locke urged China yesterday to purchase more American goods to help reduce a huge trade imbalance that has caused friction in US-Sino ties. “Obviously,
      Reuters  -  447 words
    • Article
      Lock icon Call to drive hard bargain on yuan issue
      285 22 AFP [BEIJING] A Chinese government economist has said Beijing should drive a “hard bargain” with the US on the yuan issue, ahead of key Sino-US talks next week likely to focus on economic concerns. The comments come as US lawmakers have accused
      AFP  -  285 words
    • Article
      Lock icon Geithner seeks level playing field for US firms
      521 22 Bloomberg [WASHINGTON] Treasury Secretary Timothy Geithner says he will urge China to ensure a “level playing field” for US companies trying to invest in the world’s third-largest economy. China should do more to protect intellectual property rights (IPR) and revise procurement proposals
      Bloomberg  -  521 words
    • Article
      Lock icon US to press China on IP rights protection
      231 22 Reuters [WASHINGTON] The United States will use economic talks next week with China to focus on intellectual property rights (IPR) protection and China’s “indigenous innovation” industrial policy which discriminates against foreign firms, US Trade Representative Ron Kirk said on Tuesday. “Our next
      Reuters  -  231 words
    • Article
      Lock icon China eyes foreign tie-ups to build 4G nuke reactors
      374 23 It plans to master the technology by 2020, says state-run nuclear company Bloomberg [BEIJING] China, the world’s second-biggest fuel user, is seeking overseas partners to help build fourth-generation nuclear reactors to meet rising clean-energy demand. China National Nuclear Corp has started
      Bloomberg  -  374 words
    • Article
      Lock icon CNPC buys stake in Shell’s Syria unit
      232 23 AFP [BEIJING] China National Petroleum Corp (CNPC), the country’s top oil producer, said yesterday that it had acquired part of a Shell subsidiary in Syria, the latest move in its global quest to secure energy resources.The deal gives CNPC a 35 per cent
      AFP  -  232 words
    • Article
      Lock icon Taiwan sees FTAs with Asia-Pacific nations
      244 23 Reuters [TAIPEI] At least two Asia-Pacific countries are interested in free trade deals with Taiwan and agreements could be arranged in under three years, powering the US$390 billion economy, Taiwan’s premier said yesterday. In an interview, Premier Wu Den-yih also said that some 300
      Reuters  -  244 words
    • Article
      Lock icon PICTET FUNDS
      267 23 Pictet-Absl Rtn Glo Cons-P EUR 14.05.2010 EUR 97,71 Pictet-Absl Rtn Glo Div-P EUR 14.05.2010 EUR 107,90 Pictet-Asian Equities Ex Japan-P USD 14.05.2010 USD 159,69 Pictet-Asian Local Currency Debt-P USD 14.05.2010 USD 132,05 Pictet-Biotech-P USD 14.05.2010 USD 274,63 Pictet-CHF Liquidity-P 14.05.2010 CHF 124,17 Pictet-Clean Energy-P USD 14.05.2010 USD 77,28
      267 words
    • Article
      Lock icon WTO to probe EU duties on Chinese footwear
      286 23 Xinhua [GENEVA] The World Trade Organization (WTO) has set up an expert panel to investigate and rule whether the European Union’s anti-dumping duties on Chinese-made footwear violate global trade regulations. The panel was established following a second request by China, which says
      Xinhua  -  286 words
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      678 22 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES DnBNOR Priority of Depositors DnB NOR Bank ASA confers the same level of priority to depositors of its foreign offices, vis-a-vis the home country depositors, in the repayment of deposits in the event of receivership, winding up proceedings or equivalent proceedings of the
      678 words
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      32 22 FISH HEAD DIPLOMACY Indian spices, Chinese delicacy... fish head curry does its share for national integration Mexican beauty soars with Kites GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      32 words
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      231 23 BEZIER:LONDON'S MOST =j|| ICONIC APARTMENTS LONDON EC2 Suites from £325,000 1-bedroom from £410,000 2-bedroom from £695,000 111 J n L=± 1. > I IL 11 ii, 338gL t> h S I IJLi m EI i \-WaaM a¥& lUll j- i Ufi m 12 14 19 19 HOLBORN LSE WARREN STREET
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  • INDIA
    • Article, Illustration
      Lock icon India planning US$50b worth of road projects
      554 24 It sees private sector investors taking up 70% of the amount Reuters [NEW DELHI] India plans to award US$50 billion of road projects in the fiscal year ending March 2011, and expects private investors to fund as much as 70 per cent of
      Reuters; REUTERS, BLOOMBERG  -  554 words
    • Article, Illustration
      Lock icon Telecoms row won’t hit China ties: Delhi
      556 24 Reuters [NEW DELHI] India’s Trade Minister Anand Sharma said a dispute over restrictions on the import of Chinese telecoms equipment will not hurt commercial ties between the world’s two fastest-grow-ing economies. India has banned mobile phone operators from placing orders with ZTE Corp
      Reuters  -  556 words
    • Article
      Lock icon Fuel pricing system under review
      379 24 State-run firms may be allowed to raise prices gradually Reuters [NEW DELHI] India will review its fuel pricing system next month and may allow state-run firms like Oil and Natural Gas Corp to gradually raise the price of natural gas to levels charged by Reliance
      Reuters  -  379 words
  • Page 24 Advertisements
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      863 24 w MATS NOTICES BUY IT SELL IT FIND IT RHB+ Bank RHBBANK BERHAD (Co. No6171-M) (Incorporated in Malaysia) BOARD OF DIRECTORS The directors of the Bank who Tan Sri Azlan Zainol (Chairman) Johari Abdul Muid Tuan Haji Khairuddin Ahmad Ong Seng Pheow Dato' Mohd Salleh Haji Harun BALANCE SHEETS AS
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      271 24 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF EACHAIRN HOLDINGS (SINGAPORE) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****0194H) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final
      271 words
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      62 24 RECRUIT TRADERS With 5-7years experience in trading spot/ futures forex commodities. Qualifications required are masters bachelors in quantitative economics honours in mathematics. RESEARCH DESK HEAD With 3-5 years experience of statistical analysis. Preferably to Gauss, used in financial markets bourses. Qualifications required are masters in statistics economics. Compensation will be
      62 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon IMF: Japan recovery gaining strength
      602 25  -  But it calls for huge govt debt to be tackled soon and a consumption tax rise ANTHONY ROWLEY Tokyo Correspondent [TOKYO] The IMF gave a remarkably clean bill of health to Japan’s economy yesterday at the conclusion of a periodic in-depth review of the economy,
      602 words
    • Article
      Lock icon Insurgent party candidates prevail in US primaries
      668 25 AP [WASHINGTON] Angry American voters soundly rejected establishment candidates in two state primary elections, reflecting the ever deepening partisan chasm in US politics. Battered by the worst economic downturn in at least seven decades and disgusted with the perception that Washington politicians dance
      AP  -  668 words
    • Article
      Lock icon Energy cost decline pulls CPI down 0.1%
      439 25 LATEST US DATA Reuters [WASHINGTON] US consumer prices unexpectedly fell last month, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some
      Reuters  -  439 words
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      897 25 /Vtf CREDIT AGRICOLE PRIVATE BANKING Credit Agricole (Suisse) SA, Geneva Head Office: Quai General-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31 CONSOLIDATED PROFIT AND LOSS ACCOUNT 2009 1000 CHF 2008 1000 CHF Interest and discount income
      897 words
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  • WORLD
    • Article
      Lock icon Fortescue may ditch US$15b plans over tax
      573 26 New Aussie tax poses financing problems and forces miners to rely on China capital, it says Reuters [SYDNEY] Australian iron ore miner Fortescue Metals Group yesterday threatened to abandon US$15 billion in new projects unless the government drops or substantially waters down a
      Reuters  -  573 words
    • Article, Illustration
      Lock icon May 6 crash: Spotlight on fund manager
      817 26 Michael Avery was the one who did the big futures trades ANALYSIS Reuters [BOSTON] US investigators probing the stockmarket’s “flash-crash” earlier this month have put the spotlight on a Kansas mutual fund manager who operates more like George Soros than Peter Lynch. Michael
      Reuters; BLOOMBERG  -  817 words
    • Article
      Lock icon Wimbledon appoints ‘Championships Poet’
      256 26 Reuters [LONDON] The grand old dame of Grand Slam tennis now has its very own poet laureate. Wimbledon, in collaboration with The Poetry Trust, has appointed its first “Championships Poet” to capture the flavour and fervour of the oldest of the four Grand Slam tennis tournaments
      Reuters  -  256 words
    • Article, Illustration
      Lock icon Top Democrats clash over Wall St reform
      738 27 Row over bid to kill proposal to separate banks’ swap-trading desks from core ops Reuters [WASHINGTON] Senior US Senate Democrats clashed late on Tuesday as they tried to wrap up loose ends in a sweeping Wall Street reform bill headed for final passage
      Reuters; AP, REUTERS  -  738 words
    • Article
      Lock icon US bond vigilantes’ next target?
      403 27 It’s going to face them in next three years: Roubini Bloomberg [LONDON] The United States may fall victim to bond “vigilantes” targeting indebted nations from the UK to Japan in a potential second stage of the financial crisis, New York University professor Nouriel Roubini said.
      Bloomberg  -  403 words
    • Article, Illustration
      Lock icon EU fines 9 chip makers for fixing prices
      359 27 Reuters [BRUSSELS] Nine memory chip makers, including world leader Samsung Electronics were fined a total 331 million euros (S$568 million) by EU regulators yesterday for illegally fixing prices. The EU antitrust watchdog levied its biggest penalty of 145.73 million euros against Samsung,
      Reuters; REUTERS  -  359 words
  • Page 26 Advertisements
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      187 26 PRADA THE RICH the largest spa hotel 4 JM is! m 000 s am s pa Restaurant Pecatu Indah Resort Golf Course N A PARADISE FOR GOLF BEACH LOVERS m P Resort style swimming pool BALI pecatu THE NEW KUTA BEACH 50 -52 sqm Deluxe Suites THE FIRST 5 STAR
      187 words
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      Lock icon Page 26 Advertisements Column 2
      618 26 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF MIDAS INVESTMENT HOLDINGS PTE LTD (Co. Registration No. *****2408R) NOTICE OF RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened
      618 words
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      1353 27 SOCIETE Head Office: 29, Boulevard Haussmann-***** Paris France GENERALE A French Corporation founded in 1864 BOARD OF DIRECTORS CHAIRMAN AND CEO: Frederic OUDEA DIRECTORS: Anthony WYAND Jean AZEMA Robert CASTAIGNE Michel CICUREL Jean-Martin FOLZ Jean-Bernard LEVY Elisabeth LULIN Gianemilio OSCULATI Nathalie RACHOU Luc VANDEVELDE Patrick DELICOURT France HOUSSAYE Kenji MATSUO
      1,353 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Challenges for the newspaper industry
      471 28 EDITORIAL THE newspaper business almost everywhere has seen its fortunes decline, especially after the advent of free news sites on the Web. Many venerable names have folded. The New York Times Company, a leading US media company which publishes The New York Times, International Herald
      471 words
    • Article, Illustration
      Lock icon Obama shows a deft hand at diplomacy over Iran
      780 28  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THE nuclear deal with Iran negotiated by Brazil's President Luiz Inacio Lula da Silva in cooperation with Turkish Prime Minister Recep Tayyip Erdogan demonstrates the newly assertive diplomatic role that Brasilia and Ankara have
      780 words
    • Article, Illustration
      Lock icon India seeing demons where there are none?
      1024 28  -  Delhi’s reaction to Chinese goods and plans may be due to lack of confidence vis-a-vis Beijing YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THERE is more than a touch of paranoia in the Indian reaction to Chinese
      AP  -  1,024 words
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      Lock icon Stern, authoritative warning for Asia
      1082 29  -  ADB clearly cautions against a bubble ahead, saying there is ‘limited room for further gains’ in Asian equities this year ANTHONY ROWLEY Tokyo Correspondent A QUICKENING drumbeat of warnings that Asian asset markets may be headed towards a bubble and burst as private capital flows
      REUTERS  -  1,082 words
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      Lock icon Financial liberalisation key to an Asian reserve currency
      979 29  -  By DOMINIQUE DWOR-FRECAUT The writer is a senior economist for the Royal Bank of Scotland IHT THE trillion-dollar bailout put together this month by eu-ro-zone countries has bought them a temporary reprieve, but it has also weakened their credibility. The European dream
      IHT  -  979 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8930 30 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 6 3148 8Telecom 16 15.5 16 1.7 11.3 5.1 76.6 10 5.5 5834 A-Sonic 7.5 +0.5 303 8 7.5 7.5 8
      8,930 words
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      Lock icon SGX CATALIST
      1866 31 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 19 +1 77 19.5 17.5 17.5
      1,866 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9430 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.19/ APS Alpha Fund (USD)!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.6326/ Asian Credit Fund 1.2448/ Asian
      9,430 words
    • Article
      Lock icon SGX ETF
      724 31 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 $mil 112 107 6389 ABF SG Bond ETF 111 109.5 113 506.7 883 610 CIMBAsean40 100US$ US816 -19 1371 822 805 809 814 32.6 306
      724 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 31 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 $mil 56 26 6000 AVJennings A44 40.5 47.5 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19 -0.5 951 19 18.5 18.5 19
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 32 In local curr In S$ In US$ dy yr dy yr dy yr May 18 Index Change Change Change Change Change Change World Index Preliminary 826.5 0.2 -0.7 0.1 -5.3 0.3 -4.2 EAFE Preliminary 758.6 0.7 -3.3 0.6 -11.9 0.8 -10.9 Europe Preliminary 1086.3 1.4
      365 words
    • Article
      Lock icon PALM OIL
      66 32 May 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2464 2472 2472 2443 174 5926 Jul 10 2439 2451 2451 2426 1456 ***** Aug 10 2425 2435 2438 2410 7452 9978 Sep 10 2419 2424
      66 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 32 May 19 S$ Bid Offer 1-month 1.3984 1.3987 2-months 1.3984 1.3987 3-months 1.3984 1.3987 6-months 1.3982 1.3986 Source: OCBC
      22 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 32 May 19 Open High Sett STI May 2800 2800 2769 SIMSCI May 336.5 339.1 329.7 Taiwan May 270.5 272.4 266.5 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon SIBOR
      85 32 May 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      375 32 May 19 OP/INT OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.3825 0 1130 Sep10 99.2350 0 1153 Dec10 99.1250 0 1204 Mar11 99.0150 0 2025 EUROYEN TIBOR FUTURES Jun10 99.6200 99.6225 99.6200 99.6225 0 5897 Sep10 99.6450 99.6475 99.6450 99.6475 29 3101 Dec10 99.6450 99.6450
      375 words
    • Article
      Lock icon SICOM FUTURES
      161 32 May 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 370.0 369.0 370.0 40 Jul 10 330.0 320.0 330.0 36 Aug 10 306.0 306.0 306.0 12 Sep 10 292.0 292.0 292.0 12 Oct 10 290.0 285.0 290.0
      161 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 32 May 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 19.08.2010 0.28 0.22 0.2 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 104.12 104.17 104.12 5-Year N*****0N 1.375 01.10.2014 101.72
      90 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 32 May 19 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1930 1.2290 Can dollar 1.3360 1.3520 Euro 1.6950 1.7140 NZ dollar 0.9540 0.9740 Sterling pound 1.9870 2.0100 US dollar 1.3910 1.4060 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon INTERBANK RATES
      180 32 May 19 $S Offer Bid Overnight 0.02 PAR 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.05 US$ 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 12
      180 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2471 32 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 unch 1421 1 15 4.75 48 4085 ASJ Hldgs W*****1 3.5 -0.5 172 1 4 7 2.00 21 2036 Advance SCT Ltd W*****9 0.5 1
      2,471 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 32 May 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.893 5.840 0.702 6.672 39.408 78.397 0.786 9.965 2.772 1.246 72.200 39.019 1.196 6.547 0.983 27.375 27.659 0.597 0.855 Canada 1.120 6.543
      466 words
    • Article
      Lock icon PRECIOUS METALS
      137 32 May 19 GOLD (US$/oz) May 18 May 19 Hong Kong 1217.60 1219.20 May 18 May 17 London 1217.05 1229.85 1218.05 1230.85 Source: Thomson Reuters CAST BAR May 19 (S$) Selling Buying Kilobar "58,854.28" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131.61 55 5gm 374.5 275 10gm 668.75
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 32 May 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1961 1.1966 0.8553 0.8555 Canadian dollar 1.3396 1.3408 0.9579 0.9586 Euro 1.7042 1.7050 1.2187 1.2190 NZ dollar 0.9597 0.9608 0.6863 0.6869 Sterling pound 2.0029 2.0042 1.4323 1.4329
      154 words
    • Article
      Lock icon LONDON METALS
      71 32 May 18 May 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2024.50 1965.00 3 months 2052.00 1990.00 Copper, Grade A (US$/tonne) Cash 6661.75 6435.50 3 months 6695.00 6470.00 Lead (US$/tonne) Cash 1803.00 1774.00 3 months 1835.00 1805.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon CHICAGO BOT
      105 32 May 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 939.50 941.00 949.50 936.00 Aug 10 933.75 935.25 943.00 931.00 Sep 10 918.00 920.75 928.00 917.00 Nov 10 913.50 916.50 924.75 911.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.19 37.13 37.52
      105 words
    • Article
      Lock icon LIFFE
      77 32 May 18 COCOA (£/tonne) Close Prev High/Low Jul 10 2261 2230 2267/2217 Sep 10 2226 2202 2230/2188 Dec 10 2193 2173 2199/2151 Mar 11 2177 2160 2184/2140 COFFEE (US$/tonne) Close Pev High/Low May 10 1324 1307 1335/1329 Jul 10 1369 1352 1379/1361 Sep 10 1402 1386 1414/1396 SUGAR (US
      77 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 32 CRUDE OIL PRODUCTS May 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.13 0.31 WTI (Near Mth) 69.27 -0.96 Dubai (1-Mth F) 75.40 -1.70 Tapis blend 81.45 -1.65 Minas 81.20 -1.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 77.17 -0.55 Jet Kerosene 86.20 -1.25 US$/barrel Opec Oil
      77 words
  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      184 32 I am a parent looking to save on remittances for my child's education W m <7/. V the smarter way of sending money overseas DBS foreign exchange rates leave more in your wallet when you send money overseas. One of the most competitive foreign exchange rates around Preferential foreign exchange
      184 words
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  • AVIATION
    • Article, Illustration
      Lock icon Holiday makers shun BA over strike woes
      664 33 They pick other carriers or opt to vacation within the country Reuters [LONDON] The ongoing industrial dispute at British Airways has deterred some Britons from choosing the airline to jet them away on their holidays, but it may not signal an increase in
      Reuters; AP  -  664 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2849 33 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410 0605 KL838 2250 AZ3992
      2,849 words
    • Article
      Lock icon BA halts more flights; ruling on strike today
      533 33 Union says no new talks scheduled in row over pay, staff Bloomberg [LONDON] British Airways plc (BA) cancelled more flights yesterday as it struggled to restore a full timetable, the result of an anticipated five-day strike this week by 12,000 cabin crew
      Bloomberg  -  533 words
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      Lock icon Lufthansa sees A380 boosting earnings
      567 33 Bloomberg [FRANKFURT] Deutsche Lufthansa AG said the extra seats on the Airbus SAS A380 superjumbo aircraft that joined its fleet yesterday have been sold for coming months, boosting profitability on high-density routes to Japan and China. The level of demand means Lufthansa will maintain load
      Bloomberg; REUTERS  -  567 words
  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      323 33 CRYPTIC CROSSWORD Across 1 Resist awkward member of the family (6) 4 Seeming to be a quiet dad maybe (8) 9 Bad influence? Couldn’t agree more! (3,3) 10 Push out rubbish for moralist to consume (8) 11 Listen to army fighter in South America suffering (9) 13 A body part
      323 words
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  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4444 34 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      4,444 words
    • Article
      Lock icon Industry players turn to Asia for growth
      688 35 Shipowners order more vessels to meet demand from Asia, mainly China GREEK SHIPPING AFP [VOULA, Greece] As heavily indebted Greece slumps into a prolonged economic crisis, shipping industry players like Michael Bodouroglou are setting their course for Asian markets in the hunt for
      AFP  -  688 words
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      Lock icon TRANSPORT STOCKS
      278 35 SGX '000 May 19 S$ +/-Vol CH Offshore 0.61 -0.01 1032 Chuan Hup Hldg 0.28 -0.01 5 Cosco Corp 1.50 -0.07 ***** CWT Ltd 0.88 -0.06 1154 Ezra Hldgs 1.82 -0.10 ***** First Ship Lea 0.47 -0.01 1012 Freight Links 0.05 -0.01 1136 Grand Banks unch unch 0
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      Lock icon BP plans to grab more leaked oil
      214 35 Reuters [KEY WEST, Florida] BP plc forged ahead yesterday with efforts to stem its leaking Gulf of Mexico oil well, amid fears that powerful currents were pushing the slick towards prized US tourist resorts and fisheries. The London-based energy giant said that it
      Reuters  -  214 words
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      Lock icon Greek port hit by debt crisis
      721 35 Dockworkers’ earnings slump on dearth of freight AFP [PIRAEUS, Greece] The giant container cranes lie still in the haze of a warm spring afternoon in the port of Piraeus near Athens a vital commercial hub for the economy since the days of ancient Greece.
      AFP; AP  -  721 words
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  • BizIT
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      Lock icon IBM to inaugurate $90m facility today
      656 36  -  IBM Singapore Technology Park, to be operational in June, will manufacture the company’s mainframes and high-end servers, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IN another endorsement of Singapore’s position as a destination of choice for high-technol-ogy manufacturing, IBM will today inaugurate a S$90
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      Lock icon S’pore semicon sector likely to grow 20%
      728 36  -  Republic to follow global growth rate: industry association By AMIT ROY CHOUDHURY SINGAPORE’S semiconductor industry is expected to follow the global trend and grow in the region of 20 per cent this year, according to latest market forecasts. Speaking to BizIT, Dan Tracy,
      BLOOMBERG  -  728 words
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      Lock icon Plastic electronics to boost S’pore growth
      467 36  -  By RAJU CHELLAM THE new and rapidly growing area of “plastic electronics” will help Singapore boost its growth in electronics over the next decade or so. Plastic electronics is one of four high-tech growth areas Singapore has identified to focus on to boost the
      467 words
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      Lock icon Vodafone finds it tough in India
      225 36 Bloomberg [LONDON] For Vodafone Group CEO Vittorio Colao, India is failing to become the emerging market powerhouse it had hoped for. When the world’s biggest mo-bile-phone operator agreed to buy a 67 per cent stake in Hutchison Essar for US$10.7 billion in 2007, it
      Bloomberg  -  225 words
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      74 36 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
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  • PROPERTY
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      Lock icon Price for New Jersey mansion: over US$16m
      329 37 Reuters [NEW YORK] Many people may be reeling from the housing crisis and foreclosures, but one developer in New Jersey is betting that someone will pay more than US$16 million for a 24-room mansion with Manhattan skyline views. One would-be buyer so far
      Reuters  -  329 words
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      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 12 WITH CONTRACT DATES BETWEEN APRIL 21 AND APRIL 27,2010
      1568 37 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 21/04/2010 99 1066 2910 2730 Marina Bay Residences Apt 23/04/2010
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      Lock icon US mid-size Reits struggle to clinch apartment deals
      799 37 Lack of quality real estate, large pool of competing bidders worsen competition Reuters [BANGALORE] Mid-sized apartment Reits have led the US multi-family sector in snapping up properties, but they could soon get squeezed out of the deal market due to increased competition
      Reuters  -  799 words
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      Lock icon Accor steps up hotel expansion
      528 38 Half its planned asset sales to cut debt completed Reuters [PARIS] Accor Hospitality, the hotels business of France’s Accor SA, said that over half its 2010 plan to dispose assets to reduce debt had been completed by the end of last month and that it
      Reuters; REUTERS  -  528 words
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      Lock icon Luxury hotels beefing up China presence
      932 38 Country one of the largest markets for high-end goods and services NYT [HONG KONG] High, high up, on the 118th floor of Hong Kong’s tallest building, a deep concrete pit awaits mutation into a swimming pool. Hard-hat-ted, dust-covered workers swarm about a site that
      NYT  -  932 words
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      Lock icon Goldman, Credit Suisse cut calls on China property firms
      672 39 Move follows govt curbs on speculation in bid to head off an asset bubble Bloomberg [SINGAPORE] Goldman Sachs Group Inc and Credit Suisse Group Inc have cut profit and share-price estimates for Chinese property companies, citing a government clampdown on speculation
      Bloomberg; REUTERS  -  672 words
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      Lock icon China property prices stop rising
      238 39 Reuters [BEIJING] Chinese property prices have stopped rising and transaction volumes have dwindled since the middle of last month, the country’s top economic planner said yesterday. Prices will remain high, neither rising nor falling much, in coming months with the market entering a “wait-and-see period”,
      Reuters  -  238 words
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      208 39 RARE PRIME OFFICE STRATA FLOORS FOR SALE BY EXPRESSION OF INTEREST Actual view from 24 floor Top 3 (22nd to 24th) floors of Tung Centre, Raffles Place Strata area of approximately 29,129 sq ft prime office space Unobstructed views of Marina Bay Large floor plate of approximately 9,700 sq ft
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      575 39 PRIME OFFICE SPACE FOR LEASE PRUDENTIAL TOWER Prudential Tower, winner of FIABCI Prix d'Excellence 2004 award, a grade A office building is strategically located at the junction of Cecil Street and Church Street, next to Raffles Place, Singapore's financial and business hub. Ideal for financial institutions, major professional services companies
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      55 40 THE SEAMSTRESS WITH LINEN THREAD AND BEESWAX A needle, linen thread, beeswax and infinite patience protect each overstitch from humidity and the passage of time. One could say that a Louis Vuitton bag is a collection of details. But with so much attention lavished on every one, should we only
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