The Business Times, 3 June 2010

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30703
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, June 3,2010
    23 words
  • Article, Illustration
    Lock icon Pru’s Asian dream dies a costly death
    1104 1  -  AIA may revive HK listing but conditions are hard; Prudential boss Thiam may pay for failed deal By MICHELLE QUAH [SINGAPORE] Prudential’s lofty ambitions to become Asia’s largest insurance provider are no more: the British company announced yesterday that “it is in negotiations
    BLOOMBERG  -  1,104 words
  • Article
    Lock icon S’pore developers tread softly amid China curbs
    581 1  -  As tighter measures kick in, they will monitor situation before new launches By UMA SHANKARI [SINGAPORE] Even as China developers continue to delay home sales, their Sin-gapore-listed counterparts are ploughing ahead with their Chinese project launches. But some Singapore developers concede that they
    581 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 2,727.57 (+12.13) ST INDEX FUTURES 2,728 (+13) SIMSCI 322.24 (+2.07) SIMSCI FUTURES 323.00 (+2.60) FOREX US$ S$ US$ (S$ per US$) 1.411 (US$/S$ per 1.471 2.076 EURO (US$/S$/E) 1.223 1.725 Foreign currency per US$ S$ YEN 91.60 64.90 RM 3.303 2.341 HK$ 7.795 5.525 BAHT 32.60
    140 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      168 1 JAPAN POLITICS Hatoyama’s surprise resignation hits stocks, yen PAGE 2 BizIT HDS opens distribution centre here ARTS FEST Sylvie Guillem and her onnagata companions PAGE 13 PROPERTY State tenders still fetching record prices PAGE 32 PAGE 28 Uniquely Singapore finishes first in New York PAGE 13 139 million square miles
      168 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      3 1 8 '*****1 *****4
      3 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Hatoyama’s surprise resignation hits Japanese stocks, yen
      879 2  -  Businesses call for restoration of stable government; LDP wants early election By ANTHONY ROWLEY in Tokyo JAPAN was plunged into a state of shock and political confusion yesterday after Prime Minister Yukio Hatoyama and secretary general of Mr Hatoyama’s ruling Democratic Party of
      AFP  -  879 words
    • Article, Illustration
      Lock icon Moody’s analysts felt bullied to give rosy ratings
      860 2 Warren Buffett due to testify later before inquiry panel Reuters [NEW YORK] Some former officials at Moody’s said that they felt intimidation from bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes
      Reuters; AP  -  860 words
    • Article
      Lock icon BP fails to plug its leaking stock, crumbling name
      741 2  -  Estimates of oil spill bill have grown, so has list of claimants By JOYCE HOOI [SINGAPORE] As rapidly as BP’s stock price has plunged, estimates of the oil spill bill have shot up faster than news agencies and blogs can write
      741 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      550 2 Pru’s Asian dream dies a costly death PRUDENTIAL’S lofty ambitions to become Asia’s largest insurance provider are no more: the British company announced yesterday that “it is in negotiations with American International Group, Inc for the termination of the agreement for the combination of Prudential with AIA Group
      550 words
    • Article
      Lock icon Banks plan to strengthen e-commerce security
      512 4  -  Consumers will have to key in one-time password for each Internet credit card deal to reduce risks By WINSTON CHAI [SINGAPORE] Banks in Singapore will soon introduce a new security measure that could help prevent credit card crooks going on an online shopping spree
      512 words
    • Article, Illustration
      Lock icon World Cup subscriptions could spike closer to kick-off
      387 4  -  StarHub and SingTel hope to recoup the money paid to Fifa By WINSTON CHAI [SINGAPORE] If history repeats itself, local telcos’ race to recover the hefty cost of broadcasting the World Cup 2010 tournament is set for a nail-biting finish. “From our
      REUTERS  -  387 words
    • Article, Illustration
      Lock icon Accounting boards to delay rule convergence
      625 4 Move allows greater public comment on boards’ proposals Reuters [NEW YORK] The head of the Financial Accounting Standards Board (FASB), which sets US accounting rules, said on Tuesday he does not expect FASB to meet a June 30, 2011 deadline for convergence with international
      Reuters; BLOOMBERG  -  625 words
    • Article
      Lock icon 3i sees growth capital investing opportunities
      582 4  -  But buyout activity in region subdued for post-crisis period By TEH SHI NING [SINGAPORE] Opportunities are ripe for growth capital investing in this region, though buyout activity has been more subdued than usual for a post-crisis season, says Mark Thornton, partner and South-east Asia
      582 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      212 3 A new horizon is yours s 1 If* IM k r -J m L A premier residence in Singapore's famed East Coast, Silversea offers stunning sea views and a vast selection of indulgent facilities. These include two 50-metre lap and leisure pools, infinity-edged dip pools, elemental spas and a lagoon
      212 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      399 4 J FREE t 2HOUR r A SEMINAR .Tv MAKE MONEY IN TODAY'S MARKET Market conditions are volatile, so in difficult times it's crucial that you use proven time tested strategies to build and protect your wealth. COME TO THIS SEMINAR AND DISCOVER HOW YOU CAN: Use a proven step-by-step system
      399 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      113 5 t 1. r u l> m 4, rvwi i!j 1 V L 4 1 OUR LOCATION EMPHASISES CONVENIENCE OUR 5-STAR HOTEL PITOMISES LUXURY ft 4? f MGPA You have important clients flying in for a meeting. Or colleagues arriving to discuss expansion plans. Where to put them up? It's a
      113 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article
      Lock icon Wilmar once again denies tax fraud claims
      335 6  -  By JOYCE HOOI WILMAR International Ltd has once again denied allegations of tax fraud, this time in response to claims by The Jakarta Post that it is being investigated by the Indonesian tax office for the allegedly fictitious value added tax (VAT) refund
      335 words
    • Article
      Lock icon PICTET FUNDS
      267 6 Pictet-Absl Rtn Glo Cons-P EUR 28.05.2010 EUR 97,52 Pictet-Absl Rtn Glo Div-P EUR 28.05.2010 EUR 107,64 Pictet-Asian Equities Ex Japan-P USD 28.05.2010 USD 150,97 Pictet-Asian Local Currency Debt-P USD 28.05.2010 USD 129,13 Pictet-Biotech-P USD 28.05.2010 USD 259,50 Pictet-CHF Liquidity-P 28.05.2010 CHF 124,19 Pictet-Clean Energy-P USD 28.05.2010 USD 72,34
      267 words
    • Article, Illustration
      Lock icon Derivatives trades up 40% in May at SGX
      520 6  -  The exchange is rolling out Asia’s first dividend futures contract on June 17 By LYNETTE KHOO THE Singapore Exchange (SGX) looks set to grow the derivatives pie, after achieving a 40 per cent jump in derivatives trading last month. It will also
      BLOOMBERG  -  520 words
    • COMPANY BRIEFS
      • Article
        Lock icon SMX to start trading of WTI in Aug
        44 6 SINGAPORE Mercantile Exchange (SMX) yesterday announced that it will commence trading of the West Texas Intermediate (WTI) light sweet crude oil futures contract on its electronic trading platform when it goes live in August this year.
        44 words
      • Article
        Lock icon Sunpower to acquire properties in Nanjing
        74 6 SUNPOWER Group said its wholly owned subsidiary Sunpower Technology has agreed to acquire some properties in Jiangning Science Park in Nanjing Municipality from Sunpower Petrochemical for 66 million yuan (S$13.6 million). This is an interested party transaction as three of the group’s executive directors
        74 words
      • Article
        Lock icon Sunray falls under SGX watch-list
        65 6 SUNRAY Holdings said that the Singapore Exchange (SGX) has informed the group that it will be placed on the watch-list of loss-making companies with effect from today, after it incurred losses for three consecutive years. The company added that its directors will put in effort
        65 words
      • Article
        Lock icon Swissco to extend long stop date of agreement
        72 6 SWISSCO International has, at the request of C2O Holdings, agreed to extend the long stop date of their agreement to Aug 31. This extension was agreed in view of the nature and complexity of the transaction. Swissco and C2O had on Feb
        72 words
    • Article
      Lock icon KepLand uses rights proceeds for Lakeside site
      208 6 KEPPEL Land said in an update yesterday that it has used another $75.8 million of the proceeds from its rights issue last year, which netted the developer a total of $700.6 million. KepLand, the property arm of Keppel Corporation, has now used $666.6
      208 words
    • Article, Illustration
      Lock icon China Fishery again postpones Oslo listing
      436 6  -  It couldn’t update its prospectus in time to meet deadline By FELDA CHAY CHINA Fishery has again postponed its plan for a secondary listing on Norway’s Oslo stock exchange because of acquisitions made over the past month and potential buyovers it is likely to
      436 words
    • Article
      Lock icon Cascal board: Reject Sembcorp’s offer
      360 6  -  By JOYCE HOOI THE tender might have been launched and the injunction denied, but Cascal is putting up a fight. Sembcorp Industries announced yesterday that Cascal’s board of directors has unanimously recommended that its shareholders reject Sembcorp’s voluntary tender offer. Cascal’s recommendation follows the tendering
      360 words
    • Article
      Lock icon SGX queries BakerTech over share activity
      239 6  -  By CHAN YUPING BAKER Technology was queried by the Singapore Exchange (SGX) over a sharp increase in the price of its shares yesterday. BakerTech shares closed 31 per cent higher at 42 cents yesterday. Volume rose to 64.678 million shares, almost four times its
      239 words
    • Article, Illustration
      Lock icon Navis makes takeover offer for Eng Kong
      439 9  -  Voluntary conditional cash offer values firm at $77.44 million By EMILYN YAP CONTAINER services provider Eng Kong Holdings is the subject of a takeover offer and could be headed for de-listing. Private equity firm Navis Capital Partners launched a voluntary conditional cash offer
      FILE PHOTO  -  439 words
    • Article
      Lock icon Cosco wins deals worth over US$100m
      205 9 COSCO Corp (Singapore) said yesterday that its subsidiary, Cosco (Dalian) Shipyard Co, has secured two contracts totalling over US$100 million to repair and convert two large crude carrier tankers, to Floating Production Storage and Offloading (FPSO) vessels for a Japanese and an European ship-owner
      205 words
    • Article, Illustration
      Lock icon Mun Leong is new SIAS honorary member
      255 9 The Securities Investors Association of Singapore (SIAS) announced Liew Mun Leong as a Distinguished Honorary Member yesterday. Mr Liew, who is the president and CEO of CapitaLand Group, was named Distinguished Honorary Member in recognition of his support for transparency to shareholders and
      255 words
    • Article
      Lock icon Khazanah in $500m sukuk sale
      324 10  -  Bond sale aimed at boosting funds for firm’s $1.18b partial offer for Parkway Holdings By NISHA RAMCHANDANI MALAYSIA’S sovereign wealth fund, Khazanah Nasional, is said to be raising as much as $500 million from the biggest sale of Singapore dollar Islamic bonds (sukuk), a Bloomberg
      324 words
    • Article, Illustration
      Lock icon Khazanah’s Parkway bid signals more forays abroad
      683 10 Its war chest may swell as stakes in state firms are cut Reuters [KUALA LUMPUR] Malaysian state fund Khazanah’s US$835 million bid for Parkway may signal the start of more focused, major acquisitions abroad to help Malaysia Inc venture beyond its cosy home
      Reuters; BLOOMBERG  -  683 words
    • Article
      Lock icon FibreChem hires reporting accountant
      366 10  -  PwC will review firm’s Dec 31, 2008 financial position By LYNETTE KHOO AS part of its preparation to resume trading of its shares, FibreChem has engaged a reporting accountant to review its financial position as at Dec 31, 2008. It has also extended the validity of
      366 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      634 6 GEMS TV HOLDINGS LIMITED (Incorporated with limited liability in the Cayman Islands on April 23, 2001) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting ("EGM") of the security holders of Gems TV Holdings Limited (the "Company") will be held at on Friday, 18 June
      634 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      85 6 LEGEND OF THE SEAS YEAR END SAILINGS fcCJCBC Card Members Special! 1 pi Best Of Malaysia (3NI) From S$475 Applicable Sailing: November 26; December 10, 17 20 2010; January 07, 14, 21 February 06 2011 2) Isles Of Southeast Asia (4N) From S$609| Applicable Sailing: November 22; December 06 13
      85 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      64 7 -SV J, ft PRUDENTIAL THERE'S MORE TO PRUDENTIAL A leading international financial services group with 160 years of experience. With significant operations in Asia, the US and the UK, the Prudential Group serves approximately 25 million customers around the world and has £290 billion of assets under management. iV PRUDENTIAL
      64 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Is it a bull in correction or a bear?
      593 8  -  Market players ponder the question as local stocks continue to drift sideways STOCKS VEN SREENIVASAN Senior Correspondent IS THIS the start of a bear market, or is it a bull market correction? That is the debate raging among market players as
      593 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 5 0 0 0 5 4 5 Manufacturing 55 28 75 5 4 6 60 32 81 Commerce 30 9 21 6 4 0 36 13 21 Tpt/Stor/Comms 15 7 18
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,574 13,574 65,614 65,614 Manufacturing 214,053 6,581 220,634 223,951 397 224,348 Commerce 64,241 2,865 67,106 121,991 722 122,713 Tpt/Stor/Comms 82,464 154 82,618 174,865 20 174,885 Finance 23,562 23,562 270,287 270,287 Construction 13,068 2,339 15,407 3,828
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change CapMallsAsia 2.110 CapitaLand 3.510 -0.010 CapitaMall 1.860 +0.010 CityDev 10.240 +0.140 ComfortDelGro 1.400 DBS Grp 13.520 -0.180 F&N 4.800 +0.060 Genting SP 1.030 +0.040 Golden Agri 0.500 +0.005 HK Land 4.940 +0.140 JMH 35.000 -1.000 JSH 20.200 +0.200 Jardine C&C 27.780 +1.080
      109 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Wilmar International
        404 8 June 2 close: S$5.56 JPMorgan, June 2 FOCUS on the fundamentals: Recent broad market correction and negative news flow saw Wilmar lose US$3 billion in market value 15 times the 1.9 trillion rupiah (S$291 million) of value-added tax (VAT) refund in dispute. The sector has retreated to about
        404 words
      • Article
        Lock icon Keppel Corporation
        488 8  -  June 2 close: S$8.52 OCBC Investment Research, June 2 Compiled by LYNETTE KHOO UPDATES on Petrobras rig tender: According to Upstream, Petrobras has received bids from nine shipyard and fabrication groups with regards to its 28-unit rig-building programme, including Keppel Fels and Jurong Shipyard. After talk about changes
        488 words
    • Article, Illustration
      Lock icon Yen hits 2-week low after Japan PM quits
      505 8 CURRENCIES Reuters [NEW YORK] The Japanese yen fell yesterday as the resignation of Japanese Prime Minister Yukio Hatoyama raised concerns about the outlook for the currency, because his likely successor has said in the past he wanted a weaker yen. The yen
      Reuters; BLOOMBERG  -  505 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jun 2 VALUE CLOSE BT OB/OS -912.00 +34.0 BT CADI -*****.00 +123.0 BT 10-day MA -*****.00 -91.00 FTSE ST Mid Cap 659.97 +5.25 FTSE ST Small Cap 500.26 +5.83 FTSE ST All Share 671.96 +3.64 FTSE ST China Top 248.94 +2.26 FTSE ST China 279.83 +4.66 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 88,425,000 Baker Tech 64,678,000 Golden Agri 44,200,000 Z-Obee Hldgs 31,727,000 SingTel 25,925,000 Noble Grp 25,005,000 Healthway 17,377,000 SembMar 16,191,000 STI 2850BNPePW*****9 14,590,000 Yangzijiang 14,281,000 VALUE($) DBS Grp 100,103,485 UOB 92,507,000 Genting SP 89,751,770 SingTel 75,282,632 SembMar 59,820,320 Wilmar 57,772,970 Noble Grp 43,871,420 Keppel Corp
      57 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP Jardine C&C 2778 108.0 4.0 UOB 5.05%NCPS 100 ***** 70.0 0.7 UOB.ES.1006 1846 50.0 2.8 WesTech 190 48.0 33.8 UOB 1846 46.0 2.6 Westech Elec 10 170 30.0 21.4 JSH 2020 28.2 1.0 DBXT MSEmer 10US$ 341 25.4 5.6 DBXT Nifty 10US$ ***** 25.4 0.2
      111 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN JMH 3500-141.0 -2.8 DBXT DJE50 10US$ 3379 -57.8 -1.2 GLD 10US$ ***** -56.4 -0.3 DBXT FTChina25 10US$ 2794 -36.7 -0.9 DBS.ES.1006 1356 -28.0 -2.0 OCC 5.1% NCPS 100 ***** -20.0 -0.2 Pru 500US$ 819 -18.3 -1.6 DBS Grp 1352 -18.0 -1.3 Lyxor India Nifty 10
      120 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Jun 2 CHNG YR 2010 CLOSE FR Jun 1 S$ LOW S$ HIGH US$ 1.4098 0.38 1.4219 1.3680 Euro 1.7255 -0.43 2.0153 1.7060 Pounds 2.0713 -1.14 2.2831 2.0003 A$ 1.1740 -0.03 1.2960 1.1515 Yen* 1.5379 1.49 1.5927 1.4467 Rupiah* 0.***** 0.52 0.***** 0.***** Baht* 4.3239 0.44
      87 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      162 9 Hydractive 111+ Suspension for a smooth and soothing ride Fixed-centred Controls Steering Wheel for ease of use and accessibility Electric Memory Seat conveniently adjusts itself to your preferred driving position An Adaptive Front Lighting System for heightened visibility and peace of mind The Citroen C5 is designed to provide a
      162 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      119 10 Focus: Islamic finance, Page 18 ->>>>• >>. >00 n X v\ >o o.c SS N V w\ X5 A V>v\\\V s m >c 5*3 ■■> !«s §-ss s& k m r V Marisa Hall, OMD SPH Ink Awards Winner Seeking The Next Big Idea Sometimes, the best ideas are those
      119 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      4815 11 2. 2.1 2.2 3.1 3.4 4. 4.1 VOLUNTARY CONDITIONAL CASH OFFER by PRIMEPARTNERS CORPORATE FINANCE PTE. LTD. (Company Registration No.: *****7389D) (Incorporated in the Republic of Singapore) for and on behalf of NEK CONTAINER GROUP PTE. LTD. (Company Registration No.: *****7798C) (Incorporated in the Republic of Singapore) to acquire all
      4,815 words
Page thumbnail Page 12
  • ECONOMY WATCH
    • Article
      Lock icon G-20 ministers meet to shore up recovery
      680 12 They will discuss ways to achieve sustainable and balanced economic growth EUROZONE CRISIS AFP [SEOUL] Finance ministers from the world’s biggest economies will meet in South Korea this week to try to shore up a global recovery threatened by the eurozone debt crisis.
      AFP  -  680 words
    • Article, Illustration
      Lock icon Europe’s debt crisis weighs on economy
      482 12 Unemployment up, manufacturing recovery slowing NYT [FRANKFURT] Signs emerged on Tuesday that Europe’s sovereign debt crisis was feeding through into the euro-area economy, as unemployment rose and a survey pointed to a slowdown in the recovery of manufacturing, with a sharp decline in Greece.
      NYT; AP  -  482 words
    • Article, Illustration
      Lock icon More EU coordination sought on economic policy, euro
      280 12 Xinhua [ATHENS] The European Union (EU) needs to boost coordination over the common economic policy and support the euro, said Greek Prime Minister George Papandreou on Tuesday during a meeting with his visiting Belgian counterpart Yves Leterm. Mr Leterm was in the
      Xinhua; PHOTO: XINHUA  -  280 words
    • Article
      Lock icon ECB getting sucked into Europe politics
      831 12 Bundesbank chief undermines its bond purchase strategy Reuters [FRANKFURT] A deepening split at the top of the European Central Bank is undermining efforts to convince the public of the merits of buying government bonds and could suck the ECB further into the murky waters
      Reuters  -  831 words
Page thumbnail Page 13
  • SINGAPORE NEWS
    • Article
      Lock icon PMI up on more new orders and output
      336 13  -  May reading of 52.2 marks 13th straight month of manufacturing expansion By TEH SHI NING MORE new orders locally and abroad and higher output lifted last month’s Purchasing Managers Index (PMI), a barometer of the manufacturing sector’s performance. May’s PMI reading of
      336 words
    • Article, Illustration
      Lock icon Uniquely S’pore clinches top-place finish
      448 13  -  CLIPPER RACE By VINCENT WEE NEW YORK proved to be a lucky city for Uniquely Singapore Clipper on Tuesday when it notched up its first top-place finish in the Clipper 09-10 Round the World Yacht Race. The Big Apple has a special place in the
      448 words
    • Article, Illustration
      Lock icon Sylvie Guillem and her onnagata companions
      813 13  -  SINGAPORE ARTS FESTIVAL By CHEAH UI-HOON GET a man to act like he was a woman in the Western context and it would likely be turned into drag, believes celebrated Canadian theatre director Robert Lepage. Which is why he chose to use Japanese aesthetics
      813 words
    • Article
      Lock icon MDA told to tune into China and India for media growth
      336 13  -  By WINSTON CHAI HAVING attracted Western media giants here, Singapore must strive to be a regional port of call for Chinese and Indian companies to open up the next chapter of the sector’s growth, according to an international panel.
      336 words
    • Article
      Lock icon Legal education scheme to start next year
      394 13  -  Mandatory for lawyers practising here to participate By EMILYN YAP A mandatory Continuing Professional Development (CPD) scheme for the legal profession could be in place from June next year. The Singapore Academy of Law (SAL) released more details of the proposed scheme yesterday,
      394 words
    • Article
      Lock icon 2 new members appointed to Tote Board
      165 13 THE Minister for Finance (MOF) appointed Patrick Lee and Kon Yin Tong to the Singapore Totalisator Board (Tote Board), bringing the total number of board members to 11. Mr Lee is the chairman of Sing Lun Holdings and runs a diversified business with
      165 words
Page thumbnail Page 14
  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia firms’ earnings growth slows in Q1
      493 14  -  Proportion of companies beating forecasts also down, says stockbrokers By PAULINE NG in Kuala Lumpur CORPORATE earnings growth in Malaysia slowed in the first quarter of this year after a strong showing in Q4 2009, suggesting earnings recovery is tapering off, analysts say.
      493 words
    • Article, Illustration
      Lock icon Affin move a test for regulator
      738 14  -  Its disclosure of EON bid may add urgency to BNM’s decision By S JAYASANKARAN in Kuala Lumpur THE disclosure by Affin Holdings, which owns Malaysia’s eighth largest lender, that it applied for approval from the central bank to enter the fray for EON Capital
      BLOOMBERG  -  738 words
    • Article
      Lock icon Yudhoyono backs Nasution
      472 14 Reuters [JAKARTA] Indonesia’s president proposed acting central bank governor Darmin Nasution, seen as dovish by markets, to parliament for the post of central bank governor, a legislator from the president’s party said yesterday. Mr Nasution, a close ally of top reformer Sri Mulyani Indrawati, told reporters that
      Reuters  -  472 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      90 14 k ENTERPRISE Celebrating Singapore's Enterprising s P' rit 2Q1 Q Reach For The Stars Submit Your Entry For The E50 Awards Now If you are a home-grown, privately-owned business with three years of audited statements, and have achieved strong business performance, submit your entry for the 2010 Enterprise 50 Awards
      90 words
Page thumbnail Page 15
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Macau casino revenue in May almost doubles
      607 15 Separately, analysts seen upgrading forecasts for Galaxy Entertainment Reuters Bloomberg [HONG KONG] Macau casino revenue surged almost 100 per cent in May to more than 17 billion patacas (S$2.98 billion), the South China Morning Post reported yesterday, citing government-run broadcaster TDM. That followed
      Reuters; Bloomberg; AP  -  607 words
    • Article
      Lock icon Taiwan protests China’s stand on FTAs
      389 15 Taking them off the table could cost President Ma points in year-end polls Reuters [TAIPEI] Taiwan protested yesterday after China said it will object to foreign countries signing free trade agreements with the island, a blow to what Taipei officials see as a key
      Reuters  -  389 words
    • Article
      Lock icon China to restrict rare earth mining to state firms
      206 15 Reuters [BEIJING] China will allow only a few state-owned enterprises to mine rare earth metals, part of a campaign to combat illegal mining and to consolidate its reserves, the China Daily newspaper reported yesterday. The Ministry of Industry and Information Technology
      Reuters  -  206 words
    • Article, Illustration
      Lock icon Nano set to roll out from its new plant
      271 15 AFP [MUMBAI] Tata’s Nano, dubbed the world’s cheapest car, was to roll out of its new plant in western India yesterday, two years after the firm abandoned its first-choice factory due to a violent land row. The plant in Gujarat state
      AFP; AP  -  271 words
    • Article
      Lock icon Firm action needed to rein in inflation: Indian PM
      502 15 Govt expects relief from timely arrival of monsoon rains, vital for agriculture Reuters [NEW DELHI] Inflation in India remains a problem and will require firm action, Prime Minister Manmohan Singh said on Tuesday, adding that the country will keep pushing for
      Reuters  -  502 words
    • Article
      Lock icon China to subsidise purchases of hybrid, electric cars
      484 15 Pilot project with 50,000 yuan subsidy to target five cities Reuters [BEIJING] China said on Tuesday that it would launch a pilot programme in five cities to provide subsidies to buyers of electric and hybrid cars, as the government steps up efforts
      Reuters  -  484 words
    • Article
      Lock icon Taiwan public firms target China in new sign of trust
      437 15 Reuters [TAIPEI] Taiwan’s publicly invested companies, worth about US$100 billion to the central budget, have started selling to China in one of the strongest signs of trust between the two governments after decades of hostilities. Some of the dozens of
      Reuters  -  437 words
Page thumbnail Page 16
  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Abhisit victorious with 246-186 margin in no-confidence vote
      582 16  -  Win a moral victory for his handling of military crackdown in Bangkok in May By LEE U-WEN [SINGAPORE] Thai Prime Minister Abhisit Vejjajiva scored an important victory yesterday when he survived a no-confidence vote against him in Parliament. Legislators voted 246-186 in
      REUTERS  -  582 words
    • Article, Illustration
      Lock icon Australian growth slows to 0.5%
      513 16 This is despite the winding back of stimulus spending AFP [SYDNEY] Australian growth slowed to 0.5 per cent in the March quarter despite the withdrawal of large-scale stimulus spending, official figures showed yesterday, raising hopes the recovery is self-sustain-ing. Treasurer Wayne Swan called the data,
      AFP; REUTERS  -  513 words
    • Article
      Lock icon Osaka exchange probes 16.7t yen Deutsche mistrade
      385 16 Reuters [TOKYO] The Osaka Securities Exchange will review its monitoring system after a 16.7 trillion yen (S$258.5 billion) mistrade by Deutsche Bank almost brought chaos to Japanese markets. A mistake by Deutsche Bank’s proprietary trading unit triggered the outlandish order of Nikkei 225
      Reuters  -  385 words
    • Article
      Lock icon Canberra, miners open to tax compromise
      478 16 Conciliatory tone replaces barbs from both sides Reuters [CANBERRA] The government and miners talked yesterday of a compromise over a planned mining tax that has hurt local markets and unnerved investors, with both sides looking to cool tensions ahead of a looming election. Resources
      Reuters  -  478 words
    • Article
      Lock icon Seoul denies report of capital control moves
      289 16 Reuters [SEOUL] South Korea yesterday denied a report the government would soon unveil a package of measures to curb rapid capital flows in and out of the country, despite growing speculation over a further tightening on capital flight. The Finance Ministry dismissed as
      Reuters  -  289 words
    • Article
      Lock icon Philippines likely to keep rate unchanged at 4%
      428 16 Bloomberg [MANILA] The Philippine central bank may refrain from raising borrowing costs today as concern that the European sovereign debt crisis will derail the global recovery outweighs inflation risks. Bangko Sentral ng Pilipinas will keep its benchmark interest rate at a record
      Bloomberg  -  428 words
Page thumbnail Page 17
  • WORLD
    • Article
      Lock icon Goldman kept Calpers in the dark about potential probe
      643 17 Pension fund to quiz Wall St bank about response in bid for consultancy mandate Reuters [NEW YORK] Goldman Sachs Group Inc, seeking a consulting mandate from Calpers, assured the pension fund giant in March that it was not “the target of
      Reuters  -  643 words
    • Article
      Lock icon Obama to update Americans on economy
      286 17 AP [WASHINGTON] US President Barack Obama says getting Americans back to work is his top priority, a message the White House has tried to underscore with weekly economy-focused stops outside Washington. His latest trip was yesterday, when he was making a quick visit to
      AP  -  286 words
    • Article, Illustration
      Lock icon CHANGING SPACE IN THE RUHR
      111 17 [ESSEN] A photographer taking pictures of the art work, ‘Between the waters’, by Slovenian artist Marjetica Potrc and Ooze architects Eva Pfannes and Sylvain Hartenberg at a press preview last week in Essen, western Germany. The work is part of the exhibition, Emscherkunst.2010, which started
      AFP  -  111 words
    • Article, Illustration
      Lock icon Germany could have its first woman president
      208 17 Reuters [BERLIN] Germany’s Labour Minister Ursula von der Leyen has emerged as favourite to succeed Horst Koehler as president, a move that would allow Chancellor Angela Merkel to reshuffle the Cabinet and reinvigorate her struggling party. Sources from the ruling centre-right coalition said
      Reuters; REUTERS  -  208 words
    • Article
      Lock icon Mitsui’s shares slide on Gulf of Mexico oil spill
      378 17 Reuters Bloomberg [TOKYO] Shares in Japanese trading house Mitsui Co Ltd plunged 8 per cent to a six-month low yesterday as investors worried about the impact of the prolonged oil spill in the Gulf of Mexico on its earnings. A Mitsui
      Reuters; Bloomberg  -  378 words
    • Article
      Lock icon Germany gets a fillip from eurozone crisis
      370 17 AFP [FRANKFURT] For Germany, the crisis of confidence that has slammed the eurozone is not all bad a weak euro stimulates exports and means that its debt is easier to finance, economists say. But a crisis is still a crisis and Germany will
      AFP  -  370 words
    • Article
      Lock icon Red Knights group halt takeover of Man United
      361 17 AFP [LONDON] The Red Knights consortium who had hoped to mount a bid to buy Manchester United from the Glazer family have called a halt to their takeover plans. After bringing together several wealthy United fans with a view to forcing out
      AFP  -  361 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      35 17 Banking on NRIs Concentrated wealth and growing numbers make NRI banking a very attractive segment for financial institutions Does Sushmita look like an aunty? GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      35 words
Page thumbnail Page 18
  • FOCUS: ISLAMIC FINANCE
    • Article
      Lock icon Grooming the syariah adviser
      1083 18 More global programmes are being created to foster the Islamic finance industry by training upcoming syariah scholars in business Reuters [DUBAI] FIFTEEN years ago, New York native Taha Ab-dul-Basser had a set plan for his future. The Harvard student was double majoring in pre-med and comparative
      Reuters  -  1,083 words
    • Article
      Lock icon Islamic insurance industry debates fund deficits
      488 18 Reuters [MANAMA, Bahrain] The Islamic insurance industry, or takaful, is debating who should chip in extra cash when its funds see deficits, showing the conflict of interests between policyholders and shareholders caused by its hybrid structure. Islamic insurance is similar to mutual insurance but
      Reuters  -  488 words
    • Article, Illustration
      Lock icon Tunisia launches its first Islamic bank
      340 18 Reuters [TUNIS] The son-in-law of Tunisia’s president launched the country’s first Islamic bank last Friday to tap into growing demand for alternative finance and investment products in the secular-leaning country. North Africa has begun to embrace Islamic finance after years watching from the sidelines,
      Reuters; REUTERS  -  340 words
    • Article
      Lock icon Australia to make Islamic finance tax changes
      307 18 Govt wants to develop industry as a whole Reuters [SYDNEY] In an attempt to become an Islamic finance centre, Australia will outline laws next year to equalise the tax treatment of Islamic finance and conventional banking. Nick Sherry, Australia’s assistant treasurer, said the
      Reuters  -  307 words
    • Article
      Lock icon Qatar sets terms for US$1.4b bond
      325 18 Reuters [DUBAI] Qatar issued eight-year conventional bonds worth 5 billion riyals (US$1.37 billion) with a coupon of 6.5 per cent on Tuesday, while the same-sized Islamic portion awaits approval, a central bank source said. The issues should help Qatar the world’s top natural gas
      Reuters  -  325 words
    • Article
      Lock icon M’sian Syariah bankers criticise pricing proposal
      353 18 Reuters [KUALA LUMPUR] Malaysian Syariah bankers yesterday dismissed as impractical a proposed Islamic pricing benchmark, highlighting the industry’s struggle to replace conventional interest rates as a pricing tool. Despite the Syariah ban on usury, Islamic financial products are routinely priced using conventional rates such
      Reuters  -  353 words
    • Article
      Lock icon Positive outlook for Asian sukuk shares
      243 18 Reuters [KUALA LUMPUR] Sukuk issuers in Asia are likely to sell at least 10-20 per cent more of Islamic paper this year with the European debt crisis seen having limited impact on Asia’s growth prospects, HSBC Amanah said on Tuesday. Malaysia and Indonesia would
      Reuters  -  243 words
  • Page 18 Advertisements
Page thumbnail Page 19
  • AVIATION
    • Article
      Lock icon Bangkok unrest to crimp AOT’s Q3 profit
      460 19 Airport operator offering incentives and discounts to win back passengers Reuters [BANGKOK] Airports of Thailand (AOT) said yesterday it was confident of making a net profit in April-June although earnings would be lower than the previous quarter as Bangkok violence had dragged down
      Reuters  -  460 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2964 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 VS7268 1745 VS7269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410
      2,964 words
    • Article, Illustration
      Lock icon BA’s talks with striking union adjourned
      414 19 Airline plans to increase long-haul flights to 80% Reuters [LONDON] Talks between British Airways plc and officials from the Unite trade union were adjourned on Tuesday with no agreement reached to resolve a dispute with cabin crew staging the latest in a series of
      Reuters; AP  -  414 words
    • Article
      Lock icon Air France ready to ride euphoria of World Cup
      666 19 Bloomberg [LONDON] Pierre-Henri Gourgeon will be cheering France with more than a fan’s fervour in soccer’s World Cup after deploying the largest passenger plane to catch last-minute bookings for flights to the tournament in South Africa. Mr Gourgeon, Air France’s chief
      Bloomberg  -  666 words
    • Article
      Lock icon Privacy fear should not hamper airport security: US
      304 19 AFP [ABU DHABI] US Homeland Security Secretary Janet Napolitano told an aviation conference in Abu Dhabi on Tuesday that concerns over privacy should not hamper cooperation on airport security. “I want to stress, I am respectful and cognisant of the privacy concerns,”
      AFP  -  304 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4400 20 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
      4,400 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      337 19 CRYPTIC CROSSWORD Across 1 Fresh fellow going around South Africa as a retailer (9) 9 Drunk or thug, one bound to live in harsh conditions (5,2) 10 Old Russian system uses equipment America discarded (7) 11 Influence in part of church (7) 12 Sort of bag journalist carried around states
      337 words
Page thumbnail Page 20
Page thumbnail Page 21
  • SHIPPING
    • Article
      Lock icon TRANSPORT STOCKS
      278 21 SGX '000 Jun 2 S$ +/-Vol CH Offshore 0.52 -0.01 341 Chuan Hup Hldg 0.27 0.01 40 Cosco Corp 1.33 unch ***** CWT Ltd 0.83 0.01 573 Ezra Hldgs 1.70 0.02 6533 First Ship Lea 0.45 unch 664 Freight Links 0.05 unch 80 Grand Banks unch unch 0
      278 words
    • Article, Illustration
      Lock icon Trafigura on trial over toxic waste dumping
      574 21 Oil trader accused of causing major environmental scandal in Africa AP [AMSTERDAM] Dutch prosecutors accused Trafigura AG of putting profits ahead of safety at the start of the company’s criminal trial on Tuesday, saying the oil trader hid hazardous waste in a ship
      AP; AFP  -  574 words
    • Article
      Lock icon MPA to extend port dues concession by two years
      248 21 Extension doesn’t apply to ships staying in port for over 10 days THE Maritime and Port Authority of Singapore (MPA) will extend the 20 per cent port dues concession for container ships for another two years, from July 1, 2010 to
      248 words
    • Article
      Lock icon Namibia port expansion by ’12
      469 21 Reuters [WINDHOEK, Namibia) The expansion of Namibia’s port at Walvis Bay to handle larger quantities of copper and uranium will be completed by the end of 2012, the head of the African country’s ports authority Namport said late on Monday. Namport plans to open a
      Reuters  -  469 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      66 21 NOTICE TO TRADE INDIA SDD-CONTINENT COLOMBO SECTORS RATE RESTORATION NOTICE In view of high operating costs, we at St.John Container Lines Pte. Ltd would like to announce our intention to introduce rate Restoration (RR) effective from 15th June 2010 on the following sectors: Colombo /Tuticorin V.V Colombo/ Chennai V.V Details
      66 words
Page thumbnail Page 22
  • EDITORIAL & OPINION
    • Article
      Lock icon Back to the future in Japan?
      526 22 EDITORIAL THE shocking and that is the right word resignations yesterday of both Japanese Prime Minister Yukio Hatoyama and his ruling Democratic Party of Japan’s (DPJ) powerful background figure Ichiro Ozawa portend not so much a new chapter in Japanese politics as a possible
      526 words
    • Article, Illustration
      Lock icon Real progress in forging Asia’s ‘missing link’
      1136 22  -  Encouraging decision to set up permanent secretariat for East Asia Trilateral Cooperation ANTHONY ROWLEY Tokyo Correspondent FOR those who, like myself, believe that closer economic and political cooperation and eventually integration among individual nations is the only way forward for Asia, this has
      BLOOMBERG  -  1,136 words
    • Article, Illustration
      Lock icon Oil spill raises questions on Obama’s ability to feel
      808 22  -  THE BOTTOM LINE MAUREEN DOWD IT’S not a good narrative arc: The man who walked on water is now ensnared by a crisis under water. One little hole a mile down on the ocean floor, so deep it seems like hell
      808 words
    • Article, Illustration
      Lock icon US tax on intangibles will hit business
      1494 23  -  US firms may reduce foreign investment, resulting in a direct, negative impact on the global economy By DAVID SANDISON, MICHAEL BREVETTA, JENNIFER KIM David Sandison is a tax partner; Michael Brevetta is a senior manager and Jennifer Kim is manager of US Tax
      AFP  -  1,494 words
    • Article, Illustration
      Lock icon S Korea’s place in Asean’s mind
      911 23  -  By K KESAVAPANY The writer is director of the Institute of Southeast Asian Studies AFREQUENTLY asked question is: What is South Korea’s place in Asean’s consciousness? Now that Singapore is set to welcome South Korean President Lee Myung Bak, I believe it is a
      AP  -  911 words
    • Article
      Lock icon Use GST rebates in a better way
      265 23  -  LETTER TO THE EDITOR Tan Kok Tirn I REFER to the Central Provident Fund’s general circular letter dated May 31, “GST credits for 2010”, and the schedule, “Benefits for households in 2010”, sent to all Singaporeans. Those who stay in HDB 3, 4
      265 words
Page thumbnail Page 23
Page thumbnail Page 24
  • BT-NBS ROUNDTABLE
    • Article, Illustration
      Lock icon CSR promotes sustainable development
      3307 24  -  Panellists from NTU’s Nanyang Business School: Professor Gillian Yeo, professor of accounting and interim dean, Nanyang Business School (NBS) Mr Seck Wai Kwong, chairman, NBS graduate advisory board and senior executive vice-president and chief financial officer, Singapore Exchange Associate Professor Patricia Tan Mui Siang, Associate Professor
      3,307 words
  • Page 24 Advertisements
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8743 25 Transaction date: Jun 2 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 6.5 3148 8Telecom 14.5 unch 49 14.5 14.5 14.5 15 1.7 12.5 4.7 69.4 10 5.5 5834
      8,743 words
    • Article
      Lock icon SGX CATALIST
      1595 26 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 5.5 7 33.3 5.8 25 13 8538 t APStrategic 17 16.5 18 100.9 4 0.5
      1,595 words
    • Article
      Lock icon SGX ETF
      688 26 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 $mil 116 107 6389 ABF SG Bond ETF 115 109.5 115 525 883 610 CIMBAsean40 100US$ US791 -8 60 791 788 798 804 31.6 306
      688 words
    • Article
      Lock icon CLOB INTERNATIONAL
      254 26 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 $mil 56 27 6000 AVJennings A40 38 43 3.6 8.8 3.2 104.2 31 13 6017 Genting HK US$ US17.5 unch 1043 18 17.5 17.5 18
      254 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9435 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.13/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.64/ Aberdeen Asset Mgt Asia Limited American Opp 0.6135/ Asian Credit Fund 1.2343/ Asian
      9,435 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 1 Index Change Change Change Change Change Change World Index Preliminary 796.6 -0.3 -4.3 0.5 -7.4 -0.2 -7.8 EAFE Preliminary 735.0 -0.2 -6.4 0.7 -13.4 0.0 -13.7 Europe Preliminary 1054.1 -0.2
      374 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Jun 2 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1660 1.2010 Can dollar 1.3330 1.3490 Euro 1.7170 1.7370 NZ dollar 0.9490 0.9700 Sterling pound 2.0610 2.0850 US dollar 1.4070 1.4230 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Jun 2 Open High Sett STI Jun 2728 SIMSCI Jun 320.0 324.2 323.0 Taiwan Jun 258.4 259.8 254.9 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon INTERBANK RATES
      180 27 Jun 2 $S Offer Bid Overnight 0.03 PAR 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 2 S$ Bid Offer 1-month 1.4099 1.4119 2-months 1.4097 1.4118 3-months 1.4096 1.4117 6-months 1.4093 1.4114 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      73 27 Jun 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2540 2535 2551 2530 596 3488 Jul 10 2509 2505 2521 2496 1939 ***** Aug 10 2466 2468 2480 2458 8738 ***** Sep 10 2437 2445
      73 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      362 27 Jun 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4325 0 2423 Sep10 99.1950 0 2093 Dec10 99.0250 0 1418 Mar11 98.8750 0 1053 EUROYEN TIBOR FUTURES Jun10 99.6100 0 5236 Sep10 99.6700 99.6700 99.6350 99.6200 16 3161 Dec10 99.6250 0 1461 Mar11 99.6300 99.6400
      362 words
    • Article
      Lock icon SICOM FUTURES
      143 27 Jun 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 365.0 361.5 365.0 24 Jul 10 333.0 330.0 330.0 47 Aug 10 308.0 Sep 10 300.0 297.0 300.0 45 Oct 10 297.0 294.0 297.0 45 Nov 10
      143 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 27 Jun 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 02.09.2010 0.29 1-Year BY*****W 03.05.2011 0.37 0.36 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.85 5-Year N*****0N 1.375 01.10.2014 102.01 102.23 102.03
      88 words
    • Article
      Lock icon CHICAGO BOT
      105 27 Jun 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 932.00 937.75 943.75 930.50 Aug 10 920.75 927.75 933.50 920.00 Sep 10 908.50 914.75 918.75 907.50 Nov 10 902.75 907.75 912.75 899.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.52 37.61 37.81
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Jun 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 74.41 0.05 WTI (Near Mth) 72.69 -1.44 Dubai (1-Mth F) 71.98 -2.37 Tapis blend 77.25 -3.20 Minas 76.60 -3.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.72 2.28 Jet Kerosene 83.00 0.20 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2328 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 9 4.86 47 4085 ASJ Hldgs W*****1 3 1 4 2.33 20 2036 Advance SCT Ltd W*****9 0.5 1 87 2817 6.00 2
      2,328 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Jun 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.878 5.690 0.681 6.493 39.203 77.048 0.763 10.133 2.751 1.234 71.163 38.915 1.175 6.411 0.963 26.892 27.150 0.566 0.833 Canada 1.139 6.482
      465 words
    • Article
      Lock icon SIBOR
      85 27 Jun 2 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1741 1.1765 0.8327 0.8332 Canadian dollar 1.3375 1.3402 0.9486 0.9491 Euro 1.7236 1.7263 1.2224 1.2226 NZ dollar 0.9509 0.9534 0.6744 0.6752 Sterling pound 2.0740 2.0775 1.4709 1.4713
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 27 Jun 2 GOLD (US$/oz) Jun 02 Jun 01 Hong Kong 1219.00 1222.10 Jun 01 May 28 London 1226.45 1202.60 1226.95 1203.40 CAST BAR Jun 02 (S$) Selling Buying Kilobar "59,632.17" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 133.75 56 5gm 378.78 278 10gm 677.31 556 20gm 1276.51
      138 words
    • Article
      Lock icon LONDON METALS
      69 27 Jun 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1958.75 2012.75 3 months 1990.50 2043.00 Copper, Grade A (US$/tonne) Cash 6719.00 6911.25 3 months 6750.00 6939.00 Lead (US$/tonne) Cash 1722.50 1823.75 3 months 1750.00 1850.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      82 27 Jun 1 COCOA (£/tonne) Close Prev High/Low Jul 10 2444 2420 2446/2390 Sep 10 2345 2341 2346/2307 Dec 10 2291 2283 2293/2250 Mar 11 2257 2253 2257/2240 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1349 1338 1351/1316 Sep 10 1385 1374 1386/1350 Nov 10 1408 1399 1407/1377 Jan 11
      82 words
Page thumbnail Page 28
  • BizIT
    • Article, Illustration
      Lock icon HDS opens distribution centre here
      667 28  -  Regional centre in Changi will streamline deliveries to Asia-Pacific customers and enhance business, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY JAPANESE data storage major Hitachi Data Systems (HDS) yesterday launched its Asia-Pacific distribution centre in Singapore Airport Logistics Park (Alps). The centre will look after
      667 words
    • Article
      Lock icon 2,000 exhibitors at CommunicAsia and BroadcastAsia in mid-June
      454 28  -  By RAJU CHELLAM IF participation in a trade exposition is any indication that the economy has turned the corner, about 2,000 companies will showcase their latest technology, wares and gizmos at this year’s four-day CommunicAsia and BroadcastAsia event starting June 15. This
      454 words
    • Article
      Lock icon Skype launches new iPhone app
      194 28 SKYPE has announced a new version of its application that allows iPhone users to make and receive Skype-to-Skype calls, and to call mobiles and land-lines worldwide at low rates for the first time over their 3G data connection. “This new version is a great step
      194 words
    • Article
      Lock icon HP to cut jobs, reallocate spending to boost margins
      364 28 Reuters [NEWYORK] Hewlett-Pack-ard Co (HP) said it aims to boost margins by cutting jobs and reallocating spending to more profitable technology services, shrinking its workforce by a net 3,000 jobs, or one per cent, over three years. The move, which will
      Reuters  -  364 words
    • PROPERTY
      • Article, Illustration
        Lock icon Retreat in US property after tax credit removed short-lived: analysts
        793 29 Low mortgage rates and improving jobs market will underpin the sector Reuters [NEW YORK] The retreat in the US housing market after the government halted its hefty tax credit in April should be short-lived, say analysts, and the market may
        Reuters; BLOOMBERG  -  793 words
      • Article
        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 5 AND 11,2010
        1054 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 06/05/2010 99 786 1300 1654 District 3 NON-LANDED Eng Hoon Mans Apt 07/05/2010 FH 1238
        1,054 words
      • Article, Illustration
        Lock icon Mezzanine loans revive as confidence returns
        1026 31 But banks’ delay in foreclosing on defaulted loans seen as a drag NYT [NEW YORK] The W Hotel in Union Square has had an eventful six months. The 270-room hotel in New York City changed hands in December after the private equity division of
        NYT; BLOOMBERG  -  1,026 words
      • Article
        Lock icon Financial woes ahead for property developers: report
        217 31 Xinhua [BEIJING] China’s property developers will have financial difficulties in the future as the liability ratio of 13 of the country’s top 50 listed developers had already exceeded 70 per cent, yesterday’s Shanghai Securities News reported. The government’s recent property market tightening will
        Xinhua  -  217 words
      • Article
        Lock icon State land tenders still fetching record prices
        722 32  -  Top bid for condo plot near Potong Pasir MRT is $607 psf ppr By KALPANA RASHIWALA A STATE tender for a 99-year leasehold private housing site next to Potong Pasir MRT Station has fetched a record land price for the area $607 per
        722 words
      • Article, Illustration
        Lock icon THIS ONE’S FOR THE CHILDREN
        115 32 CAPITALAND’S “Hand in Hand 20.10” campaign in Singapore brought the Shanghai World Expo to a total of200 underprivileged children on June 1 in celebration of International Children’s Day. The children were taken on an interactive learning trail around the Kids’ Expo Galore at Wilkie Edge,
        CAPITALAND  -  115 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      258 28 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
      258 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      45 29 kU**« Uit-S" •M IMM iitm SAVILLS INDUSTRIAL rug f <S Stay ahead of the competition with the experts > i n~wm Is has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 /6415 3636.
      45 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      128 29 The Quillion Team THE LUXURY PROPERTY AGENTS Bespoke Service *****321 /*****111 THE PENTHOUSE Ardmore Pk Singapore's most desirable address Unrivalled location in central Orchard. 8700sf of beautifully designed gracious living spaces, elegant bathrooms, extensive terrace offering stunning view from 29th fir The Claymore spectacular penthouse spanning 49l9sf The finest addresses
      128 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      161 30 Vv *s r 11 -A Rffe-;-r i i m m r;.» 8 NAss in {fill— SINGAPORE 8 Nassim Hill occupies an unrivalled location in an Asian centre that is increasingly the primary residence of choice. We offer a limited edition of 16 freehold expansive homes, each with a private pool
      161 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      147 31 OFFICE SPACE FOR LEASE REGENCY HOUSE Xn K it Xn r V IR I 1 1 ll», f I M f iiu i i i ll V I »ft. Unit sizes from 1,700 sq ft to 8,030 sq ft Minutes walk to Dhoby Ghaut and Somerset MRT Stations Ample car
      147 words
    • Advertisement
      Lock icon Page 31 Advertisements Column 2
      490 31 Knight Frank Olive Road GCB FOR SALE Land: 16,300 sqft Built up: approx 10,000 sqft 2 storey beautiful house with swimming pool Elevated land with an unblocked view 5 2 bedrooms Easy access to PIE CTE I Enquiries and viewings, please call: Lam 9231 2469 BULK SALE 20% 40% DISCOUNT
      490 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      267 32 NASSIM REGENCY FOR LEASE m !R The Prestige of Nassim Road Located at 37 Nassim Road, Nassim Regency is an exclusive enclave set in lush greenery. It is also a short distance to entertainment and shopping destinations in Orchard Road as well as renowned international schools. For leasing enquiries: Call
      267 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 2
      23 32 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. HAT3 NOTICES
      23 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 3
      100 32 Singapore BINJAI PARK 2 pieces of land each 22,000 sqft Wide frontage 2-storey GCB with garden Move-in condition/Can also be rebuilt Quiet with lots of privacy Lennon Koh 9748 7400 T» savills *"1IWrn i W, "H'llW I 11'Ml MB i—rn i» i m' Singapore LEEDON PARK 1 2Y2 storey beautiful
      100 words