The Business Times, 9 June 2010

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Microfilm: NL30703
Total Pages: 33
1 34 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, June 9,2010
    22 words
  • Article, Illustration
    Lock icon iPhone 4 to take on shades of red, green and orange?
    542 1  -  Latest handset could be available across all telcos, unlike previous models By WINSTON CHAI [SINGAPORE] Apple’s fourth touch-screen phone and most advanced handset to date could also be the first iPhone to be sold across the board from the
    BLOOMBERG  -  542 words
  • Article, Illustration
    Lock icon Consultants set to peg down estimates of developer sales
    853 1  -  Price forecasts also likely to be moderated as bleak European picture leads to caution here By KALPANA RASHIWALA [SINGAPORE] Property consultants are getting ready to lower their projections for full-year developer sales. Some are also moderating their price expectations, though most
    853 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 ST INDEX 2,746.61 (-5.27) ST INDEX FUTURES 2,747 (-5) SIMSCI 323.40 (-0.16) SIMSCI FUTURES 322.60 (-0.40) FOREX US$ S$ US$ (S$ per US$) 1.413 (US$/S$ per 1.450 2.049 EURO (US$/S$/E) 1.196 1.690 Foreign currency per US$ S$ YEN 91.70 64.90 RM 3.323 2.351 HK$ 7.804 5.523 BAHT 32.62
    142 words
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      284 1 EXEC MONEY EU crisis won’t stop Asian growth: SG PAGE 34 MOTORING $4.5m Bugatti saloon revs up interest here PAGE 4 MALAYSIAN PEWTER Hammering out 125 years of history PAGE 13 "It's when we follow our curiosity to discover new horizons, just like prehistoric hunters." Professor Jean-Louis Scartezzini, expert in
      284 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon AirAsia to hive off its long-haul carrier
      634 2  -  Group plans IPO of AirAsia X next year so that ‘we don’t hurt each other’ By PAULINE NG MALAYSIA’S budget carrier AirAsia will embark on a public share sale of its long haul unit AirAsia X in the second half of next year
      FILE PHOTO  -  634 words
    • Article, Illustration
      Lock icon India’s giant road map for investors
      564 2  -  Country is in talks with S’pore investors on 17,000km highway project By MALMINDERJIT SINGH [SINGAPORE] GIC and Temasek are in talks with India about investing in the largest road development project in the world, Indian Minister for Road Transport and Highways Kamal Nath told
      REUTERS  -  564 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      678 2 Consultants set to peg down estimates of developer sales PROPERTY consultants are getting ready to lower their projections for full-year developer sales. Some are also moderating their price expectations, though most don’t expect developers to chop prices any time soon given the still rosy picture for Singapore’s economy.
      678 words
    • Article
      Lock icon M’sia, S’pore reserves dip as Europe crisis spurs outflow
      337 2 Bloomberg [SINGAPORE] Foreign reserves in Malaysia, Singapore and Hong Kong fell in May as investors sold assets amid concern that Europe’s debt crisis will slow the rebound in the global economy. Malaysia’s reserves fell to RM312.21 billion, equivalent to US$95.5 billion,
      Bloomberg  -  337 words
    • Article, Illustration
      Lock icon Jobless rate will stay high for a while: Bernanke
      532 4 Pace of recovery is moderate and rate hike timing not certain, he says Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said the US recovery probably won’t quickly bring down the unemployment rate, which is likely to stay “high for a while”.
      Bloomberg  -  532 words
    • Article
      Lock icon MAS sets out guidelines on rule-making
      529 4  -  38-page document gives 6 principles in crafting regulations By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) has published a document explaining the principles that it says guides how it designs regulations for the financial sector here. The 38-page document sets out six
      529 words
    • Article
      Lock icon Germany’s green tax angers airlines
      475 4  -  By VEN SREENIVASAN AIRLINES yesterday slammed the German government’s decision to impose a new environmentlinked departure tax, likening it to a “cash grab” by a government struggling to raise funds to balance its budget. The International Air Transport Association (Iata) reacted sharply to the new
      475 words
    • Article, Illustration
      Lock icon $4.5m Bugatti saloon revs up some interest here
      527 4  -  By SAMUEL EE [SINGAPORE] At least three individuals here have expressed interest in the $4.5 million Bugatti 16 C Galibier, a new four-door supercar that is likely to be ready by 2012. According to a representative for Bugatti sales agent Malayan Motors,
      527 words
    • Article
      Lock icon Prudential to shun big M&A deals after failed bid for AIA
      389 4 Reuters [LONDON] UK-based insurer Prudential said on Monday it would avoid big merger and acquisition deals in the wake of its failed bid for AIG’s Asia-focused AIA unit, pledging a period of stability instead. Prudential will concentrate on growth
      Reuters  -  389 words
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      158 2 Asia's Top Digital Multimedia Entertainment Industry Event Is Here! !o£rr> siNGApoREExpo Show Opens Next Week! EVENT HIGHLIGHTS: Exhibition Meet over 650 exhibitors from more than 40 countries/regions Experience the latest technologies from 3D Interactive Technologies, Computer Graphics Post Production Workflow, Digital Signage, HD Technology, IPTV many more! Witness the FIRST
      158 words
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      18 2 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      18 words
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      58 3 Wealth Management Asset Management Investment Funds Custody Investor Services The expertise is local The network is global The independence is non-negotiable V; -J! WM m Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo Montreal Nassau
      58 words
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  • Page 4 Advertisements
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      125 4 www.futurechina.sg FUTURE CHINA SINGAPORE The FutureChina Global Forum 12-13 July 2010 Ritz-Carlton Hotel, Singapore Platinum Sponsors BANK OF CHINA TEMASEK HOLDINGS Strategic Insights for Riding China's Next Decade Featuring insights and analyses from renowned personalities including Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG
      125 words
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      21 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg
      21 words
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  • COMPANY NEWS
    • Article
      Lock icon Olam makes US$250m US buy
      499 5  -  Company acquires Gilroy’s dehydrated vegetable processing business By LYNETTE KHOO OLAM International has struck a deal to acquire the dehydrated vegetable processing business and related operating assets of a US-based company for US$250 million. The acquisition of the specified assets of Gilroy Foods Flavours, from
      499 words
    • Article, Illustration
      Lock icon Viet developers keen to tie up with S’pore firms
      410 5  -  Partners sought for residential and retail projects By EMILYN YAP VIETNAMESE developers said yesterday they are keen to pursue residential and retail projects in their country with Singapore partners such as CapitaLand. “I am happy to tie up with Singapore developers”
      410 words
    • Article
      Lock icon Baker Tech units file defence
      239 5  -  By NISHA RAMCHANDANI BAKER Technology’s wholly owned PPL Holdings Pte Ltd (PPLH) and the latter’s fully owned E-Interface Holdings Limited have filed their defence against Sembcorp Marine in the High Court yesterday. Announcing this yesterday, Baker also said that PPL Holdings and E-Inter-face have filed
      239 words
    • COMPANY BRIEFS
      • Article
        Lock icon UOL, Gokongwei up UIC stakes
        79 5 UOL GROUP and Filipino tycoon John Gokongwei Jr have both increased their stakes in United Industrial Corp (UIC) through open market purchases. UOL’s wholly owned subsidiary, UOL Equity Investments Pte Ltd, purchased 168,000 UIC shares from the open market at about $2.089 per share, increasing
        79 words
      • Article
        Lock icon Pan Asian to acquire Tianjin plot
        57 5 PAN Asian Water Solutions Limited has entered into a land use rights transfer agreement with Sino-Singapore Tianjin Eco-City Investment and Development Co to acquire a plot of land. The land, with a site area of 29,700 square metres, is located at Tianjin Eco-City, which
        57 words
    • Article
      Lock icon China Kunda in 50m yuan JV with Jilin Guoan
      339 5 Automotive mould factory targeting major car makers CHINA Kunda Technology Holdings has, through subsidiary Kunda Mould Company Limited, formed a 50 million yuan (S$10.37 million) joint venture with Jilin Guoan Group to establish an automotive mould manufacturing plant. Known as Changchun
      339 words
    • Article, Illustration
      Lock icon SGX sets up London office
      319 7  -  It will better serve growing number of Europe-based SGX customers By MICHELLE MICHELLE QUAH BOOSTING its efforts to connect international trading communities, the Singapore Exchange (SGX) said yesterday it has set up an office in London. Just a few streets from St Paul’s Cathedral, the
      BLOOMBERG  -  319 words
    • Article
      Lock icon Second FSL vessel seized by creditor
      575 7  -  Daxin detains Nika I in Qingdao, bail set at US$2.8m By JAMIE LEE A SECOND vessel owned by First Ship Lease (FSL) Trust has been seized by the same creditor over claims of missing payment. Daxin Petroleum has detained the vessel, Nika I, yesterday
      575 words
    • Article
      Lock icon Burwill to give up secondary listing on SGX on Sept 9
      330 7  -  By JAMIE JAMIE LEE BURWILL Holdings will give up its secondary listing in Singapore on Sept 9 following the approval by Singapore Exchange (SGX) of its proposed voluntary delisting. The steel trader said in a regulatory filing yesterday that
      330 words
    • Article
      Lock icon How will Fortis counter Khazanah’s move?
      728 8  -  HOCK LOCK SIEW By CHEN HUIFEN AT Parkway Holdings’ annual general meeting in April, someone sitting among the minority shareholders read out a statement requesting that board representation should be more proportionate to the stakes held by one of its major investors. That investor
      728 words
    • Article, Illustration
      Lock icon Bharti gains a presence in Africa
      352 8  -  The Zain deal makes Bharti Airtel the world’s fifthlargest mobile telco. It finalises US$10.7b acquisition of Zain’s mobile ops there By NISHA RAMCHANDANI INDIA’S Bharti Airtel, which is 32 per cent owned by Singapore Telecom, said yesterday it has completed its US$10.7 billion acquisition
      REUTERS  -  352 words
    • Article
      Lock icon Tiong Seng clinches $146m deal to build Tree House
      291 8  -  By OLIVIA HO CONSTRUCTION group Tiong Seng Holdings has won a $146 million contract to build Tree House an eco-condominium project in Chestnut Avenue, off Upper Bukit Timah Road. The contract, won through subsidiary Tiong Seng Contractors (TSC), was awarded by
      291 words
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      264 5 H. HHONORS HILTON WORLDWIDE 0 our^esca iw FS WXi •7 V WALDORF ASTORIA CONRAD Hilton <& DOUBLETREE ■S Hilton arden Inn HOMEWOOD SUITES b> Hilton Book your trips before 15 July and stay through 6 September 2010 at destinations in over 80 countries for up to 30% less. Best of
      264 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Euro worries spark afternoon selling
      571 6  -  Weak opening in European markets reverses early gains from short-covering STOCKS R SIVANITHY Senior Correspondent SHORT-COVERING yesterday helped lift stocks around the region after Monday’s rout. But once European markets opened in the red, selling and shorting resumed. At its best, the Straits Times Index
      Source: Bloomberg  -  571 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 8 VALUE CLOSE BT OB/OS 90.00 -8.00 BT CADI -*****.00 +53.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 666.52 +2.84 FTSE ST Small Cap 506.54 +0.69 FTSE ST All Share 677.18 -0.51 FTSE ST China Top 249.79 +0.04 FTSE ST China 279.49 -1.94 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Genting SP 90,079,000 Healthway 44,566,000 Golden Agri 39,251,000 UPP 35,145,000 GMG Global 28,457,000 SingTel 26,852,000 RafflesEdu 24,213,000 Baker Tech 22,174,000 Noble Grp 21,692,000 Armstrong 18,786,000 VALUE($) Genting SP 93,987,100 DBS Grp 80,373,040 SingTel 77,762,888 UOB 59,268,210 CapitaLand 41,715,488 Noble Grp 38,880,190 Wilmar 33,069,200 NOL 32,748,170 SembMar
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 5 0 0 0 3 9 5 Manufacturing 57 37 60 9 3 12 66 40 72 Commerce 14 17 24 4 3 4 18 20 28 Tpt/Stor/Comms 17 7 16
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Singapore Reits
        538 6 DMG Partners Securities, June 8 FOCUS on Reits with the ability to generate organic growth: We believe S-Reits will enter a period of differentiation, with a focus on the ability to generate organic growth apart from acquisitions. The hospitality sector is at the inflection point of its earnings
        Source: Bloomberg  -  538 words
      • Article, Illustration
        Lock icon Raffles Education Corp
        220 6  -  Compiled by JAMIE LEE June 8 close: $0.295 Kim Eng Research, June 8 RAFFLES Education fell yesterday following AIF Capital Asia III’s change of mind in buying 10 per cent of Oriental University City. In our view, the impact on fundamentals is insignificant although sentiment will be
        220 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,506 15,506 59,647 59,647 Manufacturing 205,252 9,233 214,485 175,036 243 175,279 Commerce 60,214 5,653 65,867 92,126 1,520 93,646 Tpt/Stor/Comms 92,769 162 92,931 187,942 21 187,964 Finance 16,821 16,821 181,952 181,952 Construction 13,888 3,911 17,799 3,432
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 6 Stock name Close Change CapMallsAsia 2.080 -0.030 CapitaLand 3.540 +0.010 CapitaMall 1.820 -0.030 CityDev 10.440 ComfortDelGro 1.400 DBS Grp 13.340 -0.060 F&N 4.690 -0.040 Genting SP 1.040 +0.020 Golden Agri 0.495 HK Land 4.900 -0.070 JMH 36.500 -0.200 JSH 21.000 -0.280 Jardine C&C 28.740 -0.280 Keppel
      107 words
    • Article, Illustration
      Lock icon Euro up; pound hit by debt warning
      476 6 CURRENCIES Reuters [NEW YORK] The euro edged up yesterday, as investors booked profits a day after the currency hit its lowest level against the dollar since early 2006, and the pound fell after a ratings agency urged Britain to cut its deficit. Euro
      Reuters; BLOOMBERG  -  476 words
    • Article
      Lock icon RISES
      108 6 BY CENTS CLOSE UP GLD 10US$ ***** 408.2 2.4 DBXT Nifty 10US$ ***** 73.4 0.5 DBXT S&P Short 10US$ 5577 57.9 0.7 DBXT MSKorea 10US$ 4297 38.1 0.6 DBXT MSINDO 10us$ 1108 24.0 1.6 Hotel Prop 261 24.0 10.1 OCBC Bk 5.1%NCPS 100 ***** 10.0 0.1 UOB 1878 10.0
      108 words
    • Article
      Lock icon FALLS
      117 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4234-254.2 -4.1 DBXT MSTaiwan 10US$ 1401 -91.8 -4.4 Lyxor EasternEurope1 429 -70.6 -10.4 Lyxor India Nifty 10 1501 -59.0 -3.8 CIMBAsean40 100US$ 761 -49.4 -4.4 OUE 1650 -40.0 -2.4 JSH 2100 -39.6 -1.3 Pru 500US$ 760 -35.3 -3.2 JMH 3650 -28.3 -0.5
      117 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Jun 8 CHNG YR 2010 CLOSE FR Jun 7 S$ LOW S$ HIGH US$ 1.4161 0.10 1.4219 1.3680 Euro 1.6886 0.29 2.0153 1.6886@ Pounds 2.0375 0.43 2.2831 2.0003 A$ 1.1544 -0.04 1.2960 1.1515 Yen* 1.5488 -0.14 1.5927 1.4467 Rupiah* 0.***** 0.10 0.***** 0.***** Baht* 4.3405 0.02
      87 words
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      295 7 In a perfect world, stability and strength would be universal. Unfortunately it isn't. So talk to the bank that's rated one of the safest in the world. With more than 4 decades of experience in Asia and a long history as one of Australia's leading banks, Australia and New Zealand
      295 words
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  • Page 8 Advertisements
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      150 8 *$&r —Lk k_ m W Call us now for two free tickets (worth $400) onboard our luxurious Sunseeker yacht to Montigo Resorts, Nongsa. Promotion ends 30 th June 2010 The jewel in Nongsa's crown, Montigo Resorts is the perfect holiday home for the well-heeled. Discover an exquisite retreat where verdant
      150 words
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      Lock icon Page 8 Advertisements Column 2
      685 8 MATS Qgg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF CASE C PTE. LTD. (Company No: *****1989N) (in Members' Voluntary Winding Up) By way of Shareholders' Written Resolution dated 8th June 2010 the Special Resolutions set out below were
      685 words
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      Lock icon Page 8 Advertisements Column 3
      46 8 Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks 285S* CoflVP The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg
      46 words
  • Page 8 Miscellaneous
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  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Various activities for youths at water week
        55 9 SINGAPORE International Water Week (SIWW) is working with the five local polytechnics to appoint almost 600 student ambassadors for the event. And to mark a growing awareness of water issues among young people, SIWW will host 15 events and initiatives for young leaders
        55 words
      • Article
        Lock icon Symposium on S-E Asian performing arts
        76 9 SINGAPORE will host the first Symposium on the Performing Arts of South-east Asia from tomorrow until Sunday. The event is an initiative of the International Council for Traditional Music, a non-governmental organisation under Unesco (the United Nations Educational, Scientific and Cultural Organization). The four-day
        76 words
    • Article
      Lock icon China’s MCC Land leads bids for Sembawang site
      559 9  -  It beat 6 others with bid of $131.7m, intends to build 300-unit condo By UMA UMA SHANKARI MCC LAND, a unit of Chinese state-owned enterprise Metallurgical Corporation of China (MCC Group), has emerged as the top bidder for a residential plot at
      559 words
    • Article
      Lock icon Two residential sites for sale by tender
      374 9 Cavenagh Road site priced at $55-60m; Simon Lane $80-85m TWO residential sites one in Cavenagh Road and the other in Simon Lane are for sale by tender. The freehold Cavenagh Road site is being marketed by Knight Frank. It is fully owned by
      374 words
    • Article
      Lock icon S’pore deepens cooperation with China’s Tianjin
      431 9  -  Two key areas are ICT as well as MICE and retail services By TEH SHI NING INFOCOMM technology (ICT), and MICE and retail services will be two key areas of cooperation for Singapore and Tianjin in the coming year. Singapore companies have experience in
      431 words
    • Article
      Lock icon Slower growth ahead for Asia: RBS
      373 10  -  By CONRAD TAN ASIA’S economic growth could suffer in the next few quarters as exports to the West slow sharply due to sovereign-debt troubles in Europe and a lacklustre recovery in the US, Royal Bank of Scotland (RBS) analysts warned yesterday. Growth in China,
      373 words
    • Article, Illustration
      Lock icon A DAY OF FUN AT UNIVERSAL STUDIOS
      132 10 TSMP Law Corporation has organised a day out at Universal Studios Singapore for children with special needs. The 30 children who enjoyed Monday’s event attend SMILES, an after-school student care centre run by the Asian Women’s Welfare Association for children aged seven to
      132 words
    • Article, Illustration
      Lock icon Europe’s debt woes could hit Asia’s exports
      358 10  -  Spillover from the crisis likely to affect trade: IMF deputy managing director By TEH SHI NING EUROPE’S debt woes could dampen its demand for Asia’s exports, International Monetary Fund (IMF) deputy managing director Naoyuki Shinohara said yesterday. Any spillover from the debt crisis
      358 words
    • Article
      Lock icon Breakthrough in treatment of blood infections
      288 10  -  By ABIGAIL KOR AN international group of researchers from the National University of Singapore (NUS), DSO National Laboratories Singapore, Frankfurt University Hospital, University of Berne and the University of Glasgow, has made a major breakthrough in the treatment of generalised blood infections or sepsis.
      288 words
    • Article
      Lock icon Spotlighting the creative process
      624 10  -  NATALIE KOH speaks to Robin Loon, Elvira Holmberg and Casey Lim about Open-Studio, a process-centred programme SINGAPORE ARTS FESTIVAL NATALIE KOH MORE than halfway through the Singapore Arts Festival, the local audience has worked its way through a multitude of international shows the result of what
      624 words
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      287 9 A STAR ALLIANCE MEMBER 4, sill v»J, -L. -V> 7Sz r j*ff w» 3§5£. ANNIVERSARY 1960-2010 -r~ ;'i ROYAL FIRST. ROYAL SILK. THE CELEBRATIONS CONTINUE... ttniliH First Class All inclusive fares from Frankfurt, London, Madrid, Munich, Paris, Rome, Zurich IIIM I m wsrawir rrrrm V H «gt 3* Celebrate with
      287 words
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      236 10 iiiiDis SINGAPORE NINGBO IMPORT AND EXPORT FAIR 9 30 June-2 July, 2010 10:00- 18:30 Suntec Singapore International Convention V Wr J Exhibition Center (401 Hall) %*o/o G '0 IMP0* The 2nd Singapore Ningbo Import and Export Fair, an event organised by Ningbo Foreign Trade Economic Cooperation Bureau, China, will be
      236 words
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      1099 10 j^W ik WATS NOTICES BUY IT- SELL IT- FIND IT TRANSIT-MIXED CONCRETE LTD Jl m\* (Incorporated In The Republic Of Singapore) Company Registration No.*****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 30th annual general meeting of Transit-Mixed Concrete Ltd will be held at Victoria Suite, Level
      1,099 words
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  • ECONOMY WATCH
    • Article
      Lock icon EU to speed up budget reviews, tighten deficit penalties
      734 11 Britain rejects plan to allow Brussels to vet budgets before domestic approval Bloomberg AFP [LUXEMBOURG] European Union governments vowed to police national budgets at an early stage and introduce a wider range of sanctions on excessive deficits to prevent a repeat
      Bloomberg; AFP  -  734 words
    • Article, Illustration
      Lock icon Global hiring prospects improve: survey
      612 11 Asia has strongest outlook, US jobs recovery is tepid Reuters [NEW YORK] Employers in most countries are more likely to add workers than three months ago, including those in the United States, but big gains are limited to emerging economies like Brazil, India and China,
      Reuters; REUTERS  -  612 words
    • Article
      Lock icon Iceland starts on a slow journey to recovery
      232 11 Reuters [STOCKHOLM] Iceland’s economy continued to inch out of recession in the first quarter, but conditions remain tough as the country recovers from its worst ever downturn, data showed yesterday. Gross domestic product grew 0.6 per cent in the first quarter from
      Reuters  -  232 words
    • Article
      Lock icon Obama wants final finance reform bill before G-20 summit
      640 11 Deal will give him more leverage for proposals like global bank tax NYT [WASHINGTON] As congressional negotiators begin this week to merge two bills overhauling the financial system, the White House wants them to reach an agreement before President Barack Obama
      NYT  -  640 words
  • Page 11 Advertisements
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      2745 11 Excellent Investment!! »New Freehold Penthouse (29th floor, City IR View) »Luxurious Spacious 4,671 sq ft, 5 bedrooms Balcony »High 7m ceiling (living room »Minutes to Orchard Supermarket River Valley Primary »$9.33m ($1,999psf) Rudy Tedja 9686 9943 www. rudy. myweb .sg WATS 3 NOTICES PCA TECHNOLOGY LIMITED Company Registration No. *****0938N
      2,745 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas sees higher costs for oil exploration
      488 12 Higher insurance costs expected with tighter US regulation in wake of Gulf spill Reuters [KUALA LUMPUR] Costs for upstream oil projects are likely to rise after the BP Gulf oil spill, a senior executive at Malaysia’s national energy firm Petronas said yesterday. “With
      Reuters; BLOOMBERG  -  488 words
    • Article
      Lock icon Pertamina plans Hulu Energi IPO to fund field purchases
      409 12 [JAKARTA] State-owned gas and oil company PT Pertamina plans to sell a 20 per cent stake in its unit, PT Pertamina Hulu Energi (PHE), via an initial public offering slated in late 2010 or early 2011, a senior official at the
      409 words
    • Article
      Lock icon Uncertainty over Ascot licence sinks Berjaya Corp shares
      313 12 Bloomberg AFP [KUALA LUMPUR] Berjaya Corp, a Malaysian property, gaming and insurance group, fell to a three-month low after Prime Minister Najib Razak said that his government has yet to issue a sports betting licence to Ascot Sports Sdn in which Berjaya
      Bloomberg; AFP  -  313 words
    • Article
      Lock icon Indonesia raises 6.35t rupiah in bond sale
      421 12 Reuters [JAKARTA] Indonesia’s Finance Ministry raised 6.35 trillion rupiah (S$965 million) in a bond auction yesterday, beating its target of five trillion rupiah, amid renewed foreign demand due to a potentially benign domestic interest rate outlook. Total incoming bids were 17.11 trillion rupiah,
      Reuters  -  421 words
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      2214 12 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg fc Global Palm •X resources GLOBAL PALM RESOURCES HOLDINGS LIMITED (Company Registration Number: *****1345M) (Incorporated in the Republic of Singapore on 13 November 2009) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GLOBAL PALM RESOURCES HOLDINGS
      2,214 words
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  • MALAYSIAN PEWTER
    • Article, Illustration
      Lock icon Hammering out 125 years of history
      1330 13  -  Royal Selangor has gone from strength to strength after three generations but it is not one to rest on its laurels, reports PAULINE NG PAULINE NG OVER the Labour Day holidays, a large group of Chinese tourists at the School of Hard Knocks gamely
      1,330 words
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      1240 13 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GRIFFITH LABORATORIES ASIA PTE. LTD. Company Registration No. *****635W (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(1 )(b)] At an Extraordinary General Meeting of Griffith Laboratories
      1,240 words
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      1448 13 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg FfiSlECU #1 'gaSy FASTECH SYNERGY LTD Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of Fastech Synergy Ltd (the "Company") will be held on 29th June 2010 at 3.30 pm at Victoria Suites, Carlton Hotel Singapore,76 Bras
      1,448 words
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  • GREATER CHINA
    • Article
      Lock icon China mulls controls on yuan forwards
      535 14 Regulator aims to deter investors from betting on end to 23-month dollar peg, say sources Bloomberg [BEIJING] China is considering controls on yuan forward transactions to deter investors from betting on an end to its 23-month peg to the dollar, according to two people
      Bloomberg  -  535 words
    • Article, Illustration
      Lock icon Foxconn parent takes a beating on wage hikes
      540 14 AFP Bloomberg [TAIPEI] The parent of Taiwanese IT giant Foxconn took a market beating yesterday after announcing hefty wage hikes in response to several factory suicides in China, as labour activists heckled its annual meeting. Hon Hai Precision Industry, which was holding
      AFP; Bloomberg  -  540 words
    • Article
      Lock icon Start accumulating property stocks: SG
      420 14 Bloomberg [TAIPEI] Societe Generale has recommended Chinese property shares after they slumped most among all industry groups this year on government efforts to quell asset bubbles. Investors should acquire “some of the property developers, which is quite contrarian,” Todd Martin, chief economist in Asia for
      Bloomberg  -  420 words
    • Article, Illustration
      Lock icon Farmer fires home-made cannon to defend land
      308 14 Reuters [BEIJING] A Chinese farmer has declared war on property developers who want his land, building a cannon out of a wheelbarrow and pipes and firing rockets at would-be eviction teams, state media reported yesterday. Yang Youde, who lives on the outskirts of
      Reuters; AFP  -  308 words
    • Article
      Lock icon China to keep blocking online content
      397 14 AP [BEIJING] China vowed yesterday to keep a tight grip on the Internet, saying in a white paper that it would continue to block anything considered subversive or threatening to “national unity”. The policy statement was released three months after a public dispute over
      AP  -  397 words
    • Article
      Lock icon Steelmakers will cut output in Q3: Baosteel
      297 14 Bloomberg [SHANGHAI] Chinese steelmakers are likely to cut production in the third quarter because of “weak” demand from auto and appliance makers, according to the nation’s second-biggest mill. Slower demand for steel may prompt smaller steelmakers to default on iron ore contracts in
      Bloomberg  -  297 words
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      30 14 JERRY LUM Marketing Director, MBA, CES TDTHP+65 8288 0098 http://jerrylum.myweb.sg/ fiAS-.fl; Lianhe Zaobao What's his secret to keeping workers happy and motivated? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      18 14 www.omy.sg f n 4i <1 t f ♦KS @Blog hW WM W,,, aWCa Lingzhi@South Africa h «p://.wi«er.c.mfl'n»»h'SA2010 ll«l»
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  • INDIA
    • Article, Illustration
      Lock icon India delays decision to raise fuel prices
      593 15 It’s concerned hike will stoke inflation, which is already highest among G-20 Bloomberg [NEW DELHI] India delayed a decision to raise prices of fuels including petrol and diesel on concern higher costs will stoke inflation, already running at the fastest clip among the
      Bloomberg; REUTERS  -  593 words
    • Article
      Lock icon India may raise public ownership in state-run firms to meet new rules
      277 15 Bloomberg [NEW DELHI] India may sell shares in state-run companies to select investors to meet new rules that cap ownership at 75 per cent, a Finance Ministry official said yesterday. The government may consider sales to large investors
      Bloomberg  -  277 words
    • Article
      Lock icon Oil retailer may speed up expansion
      227 15 Reuter [NEW DELHI] Indian private retailer Essar Oil will speed up planned expansion of its retail network if the government decides to deregulate fuel prices, a senior company official said yesterday. S Thangapandian, head of marketing, said Essar plans to increase its retail network
      Reuter  -  227 words
    • Article
      Lock icon Lodha to invest 20b rupees in Mumbai project
      161 15 Reuters [MUMBAI] Indian real estate firm Lodha Developers plans to invest 20 billion rupees (S$603 million) to build a 117-storey residential tower in central Mumbai, its managing director said yesterday. The company, which plans to launch a US$650 million initial public offering
      Reuters  -  161 words
  • Page 15 Advertisements
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      214 15 AUSTRALIA'S LATEST LUXURY FREEHOLD WATERFRONT INVESTMENT Gold Coast- Queensland EXCLUSIVE EVENT FIRST SINGAPORE LAUNCH Salacia Waters Benefits y From only AUD$46,000 deposit Positive cashflow* Buy off the plan freehold 24 hour onsite security Close to education precinct i <3? <r SALACIA WATERS V? Salacia Waters Features Private marina Waterside alfresco
      214 words
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      Lock icon Page 15 Advertisements Column 2
      165 15 Air Astana connects Far South East Asia to Kazakhstan 13 times a week (5 times a week from Beijing, 4 times a week from Seoul, 3 times a week from Bangkok, once a week from Kuala Lumpur). Air Astana serves Kazakhstan from major gateways in South East Asia Beijing, Seoul,
      165 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon New Japan PM Kan moves to distance himself from Hatoyama
      808 16  -  But Kan reappoints many members of the former Hatoyama Cabinet By ANTHONY ROWLEY JAPAN’S new prime minister Naoto Kan was formally sworn in yesterday and immediately moved to distance himself from some of the attitudes and alliances of his predecessor
      BLOOMBERG  -  808 words
    • Article
      Lock icon World Cup could cost British businesses dearly
      261 16 AFP [LONDON] The World Cup could cost British businesses a fortune in lost production as employees take time off and waste time nattering about the tournament, a managers’ body said yesterday. The Chartered Management Institute (CMI) said the football competition in South Africa
      AFP  -  261 words
    • Article, Illustration
      Lock icon Benigno Aquino declared winner of presidential polls
      402 16 AFP [MANILA] Benigno Aquino was declared the winner of the Philippine presidential election yesterday, nearly a month after voters went to the polls embracing his pledge to fight corruption and ease deep poverty. Following a drawn-out vote tallying process, parliament finally released the
      AFP; AP  -  402 words
    • Article
      Lock icon Merkel slammed on all sides over drastic budget cuts
      617 16 Detractors say plans make savings on the backs of the poor AFP [BERLIN] Industry, trade unions and the press piled on embattled German Chancellor Angela Merkel yesterday over drastic budget cuts, accusing her of belttightening without a vision for Europe’s top
      AFP  -  617 words
    • Article
      Lock icon Abhisit appoints lawyer to probe crackdown
      471 16  -  By LEE LEE U-WEN THAI Prime Minister Abhisit Vejjajiva has named a former attorney-general to head the probe into last month’s deadly street violence, a move that has already been slammed by the opposition for fear of a “whitewash”. Mr Abhisit announced yesterday that
      471 words
    • Article
      Lock icon Swiss lawmakers reject deal with US in UBS tax row
      406 16 The bank now risks being drawn into costly civil litigation AP [GENEVA] The Swiss government suffered a severe blow yesterday as nationalist and left-wing lawmakers blocked a treaty with the United States that would have allowed UBS to hand over
      AP  -  406 words
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  • Page 17 Advertisements
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      153 17 r.V 1 -\r v A- ;p v.yje. iUW: V\ivT>'. r v<A v.»- < 'M IF v: ■V«- ■■>• 1 .v.-1 mjx ;'-At>rY4 3-. £jv TAKES YOU TO THE BOP OF LUXURIOUS LIVING Sky@eleven, the blueprint for the future of quintessential luxury living experience, is brought to you by Times Development
      153 words
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  • Page 18/19 Advertisements
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      608 18/19 V THE EPITOME OF LUXURY LIVING III r>- 19 ±=5 UNMATCHED SPACIOUSNESS The privilege of space is beyond compare at every Sky@eleven apartment. Indeed, it is among the distinguishing factors that differentiate the development from the rest. In every apartment and penthouse, generous balconies, as well as dining and living
      608 words
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      256 20 SIMPLY SPECTACULAR Sky@eleven stands out for its exciting innovation in architectural design. The distinctive Sky Terraces on the 22nd storey, with well-equipped gyms and private outdoor sanctuaries that capture the most magnificent views, are perfect places to retreat and unwind in style. Yet, the excitement of the city as well
      256 words
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  • WORLD
    • Article, Illustration
      Lock icon Obama seeking ‘ass to kick’ over oil spill
      874 21 He says corners may have been cut on safety and promises a full investigation Bloomberg Reuters [WASHINGTON] President Barack Obama, citing possible safety shortcomings before the worst US environmental disaster, said that he is looking for “whose ass to kick” in response
      Bloomberg; Reuters; REUTERS  -  874 words
    • Article
      Lock icon US corporate investigator Kroll sold for US$1.13b
      286 21 NYT [NEW YORK] The owner of Kroll, one of the best-known providers of corporate investigative services, agreed on Monday to sell the firm to Altegrity, another security specialist, for US$1.13 billion in cash. The deal will bring together two big players in the
      NYT  -  286 words
    • Article, Illustration
      Lock icon Rising wages a threat to football: survey
      697 21 AP [LONDON] Rising player salaries are threatening the future of the sport across Europe, a survey of football finances says. Deloitte’s annual study says total revenues among the 92 top English professional clubs grew by £100 million (S$203.9 million) and exceeded £2.5 billion
      AP; REUTERS  -  697 words
    • Article
      Lock icon Manulife stands to gain from confusion over AIA
      400 21 Canadian firm seen as very stable partner: CEO Bloomberg [TORONTO] Donald Guloien, Manulife Financial’s chief executive officer, said that the Canadian insurer stands to benefit from “confusion” in Asia surrounding the status of American International Group’s local unit. “The more there’s confusion
      Bloomberg  -  400 words
    • Article
      Lock icon Goldman Sachs subpoenaed by US financial crisis commission
      359 21 Reuters Bloomberg [NEW YORK] A US government commission investigating the financial crisis has issued a subpoena to Goldman Sachs Group Inc for failing to comply with a request for documents and interviews in a timely manner. The documents and interviews were requested
      Reuters; Bloomberg  -  359 words
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  • Transport HUB
    • Article, Illustration
      Lock icon China Cosco wins target rise in rates
      341 22 The increase in container rates on Asia-US routes bolsters industrywide efforts to end losses Bloomberg [SHANGHAI] China Cosco Holdings Co, China’s largest container line, said it has won a targeted increase in transpacific rates, bolstering industrywide efforts to end losses. The company has
      Bloomberg; BLOOMBERG  -  341 words
    • Article
      Lock icon UK to double rig inspections in North Sea after BP oil leak
      291 22 AP [LONDON] British officials said on Tuesday they would double the number of inspections carried out at oil rigs in the North Sea following the disastrous leak at a BP-operated installation in the Gulf of Mexico. Britain’s Department
      AP  -  291 words
    • Article
      Lock icon Young people and the sea
      778 22  -  The shipping industry needs to attract and retain newcomers STRAIT TALK By DAVID HUGHES ANEW Japanese study on the future global supply and demand of seafarers predicts that by 2020 the shipping industry will need to recruit an additional 32,153 officers and 46,881 ratings above
      778 words
    • Article
      Lock icon Breaking new ground in marine technology
      1200 22  -  By CHEW HWEE HONG The writer is founder and managing director of Ecospec Global Technology IT has been a tradition and a fact too, that new technologies or innovations always start onshore before they go offshore. Baby boomers born between 1940s and 50s witnessed
      1,200 words
    • Article
      Lock icon TRANSPORT STOCKS
      274 22 SGX '000 Jun 8 S$ +/-Vol CH Offshore 0.52 0.01 637 Chuan Hup Hld unch unch 0 Cosco Corp 1.39 unch ***** CWT Ltd 0.87 0.01 494 Ezra Hldgs 1.79 0.02 5404 First Ship Lea 0.44 -0.01 1399 Freight Links 0.05 unch 345 Grand Banks unch unch 0
      274 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Berlin Air Show takes off
        432 23 Buoyed by a bullish outlook, more business is expected for this year’s ILA AFP Reuters [BERLIN] Already playing host to the airline industry, Germany’s Angela Merkel welcomed the world’s aircraft suppliers to the Berlin Air Show yesterday, with Airbus’s A380 superjumbo set to be one
        AFP; Reuters; REUTERS  -  432 words
      • Article
        Lock icon UK likely to sell half of its stake in NATS
        286 23 Reuters [BERLIN] Britain is likely to sell half of its stake in British air traffic control operator NATS and some of the group that controls NATS may also lower their stakes, the chairman of The Airline Group said on Monday.
        Reuters  -  286 words
      • Article
        Lock icon Eurocopter M’sia to invest RM200m for second phase
        283 23 Bernama [SHAH ALAM] Eurocopter Malaysia will invest another RM200 million for its second phase from 2010 to 2015, its president and chief executive officer Pierre Nardelli said yesterday. The investment will be related to aviation safety requirements of the first EC225/725/175 flight
        Bernama  -  283 words
      • Article
        Lock icon Emirates Airline orders 32 A380 jets as demand rises
        358 23 Bloomberg [BERLIN] Emirates Airline said it plans to buy an additional 32 A380 jets from Airbus SAS, in the biggest single order of the superjumbo to date. The order, valued at US$11.5 billion and announced at the Berlin Air Show yesterday,
        Bloomberg  -  358 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2940 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 VS7269 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0605
        2,940 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Styling, brand important for Mercedes-Benz
        640 24  -  They go together because design stages the brand, says design chief By SAMUEL EE ABOUT three-quarters of Mercedes-Benz owners say that styling was the key to their decision to buy a model from the German luxury car maker, while only 60 per cent attributed the
        640 words
      • Article
        Lock icon Strikes break out at Honda’s exhaust supplier in China
        288 24 Reuters [HONG KONG/TOKYO] A new strike has broken out at a factory making exhaust systems for one of Honda Motor’s China joint ventures, Honda said yesterday, just days after the settlement of a strike at another Honda supplier in China. Some
        Reuters  -  288 words
      • Article
        Lock icon Lotus not for sale now, says Proton
        147 24 Bernama [KUALA LUMPUR] Proton Holdings Bhd reiterated yesterday that its wholly owned Lotus Group International Ltd is not for sale at this point in time. The national car maker said Lotus would continue to be a strategic entity within Proton and its technology
        Bernama  -  147 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      320 23 CRYPTIC CROSSWORD Across 1 Free translation of Braille (7) 5 Mitchell, say, made stage entrance tackling lead in rep (7) 9 British have roast (5) 10 Finest fruit for leader (3,6) 11 Natural should, once trained (10) 12 For the most part, extremely active publicity (4) 14 Tending to be
      320 words
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  • Page 24 Advertisements
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      118 24 R K JH s Mi T® ft CALL THE S with The AsiaOne Network. There's no wiser way to influence those in the power seat theasieone than with premier business news portals that decision-makers can't do without. Visit http://network. asiaone. com nPf\A/nr"K or email A 1mktg@sph.com.sg. s|5i THE BUSINESS TIMES
      118 words
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      Lock icon Page 24 Advertisements Column 2
      27 24 1 1 L-TFIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. 1 r^J 1
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8681 25 Transaction date: Jun 8 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 14.5 15.5 1.7 12.5 4.7 69.4 10 5.5 5834 A-Sonic 6.5 -0.5 24
      8,681 words
    • Article
      Lock icon SGX CATALIST
      1640 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 16 15 18 94.9 4 0.5
      1,640 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9485 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.12/ APS Alpha Fund (USD)!** 0.79/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.62/ Aberdeen Asset Mgt Asia Limited American Opp 0.6048/ Asian Credit Fund 1.2428/ Asian
      9,485 words
    • Article
      Lock icon SGX ETF
      699 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 $mil 116 107 6389 ABF SG Bond ETF 115 109 114.5 525 883 610 CIMBAsean40 100US$ US761 -35 0 761 761 802 807 30.4 306
      699 words
    • Article
      Lock icon CLOB INTERNATIONAL
      259 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 $mil 56 27 6000 AVJennings A45 +5 1 45 45 38 45 3.6 7.8 3.6 117.2 31 13 6017 Genting HK US$ US16.5 unch 1140
      259 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      95 25 9 9 1 MV lt GENEVE FRANCK MULLER BOUTIQUE ION ORCHARD (65) 6509 3380 AUTHORISED RETAILERS SINCERE FINE WATCHES TAKASHIMAYA SC NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 VIVOCITY (65) 6278 1698 WATCHES OF SWITZERLAND PARAGON (65) 6732 9793 m €1.
      95 words
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  • 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 7 Index Change Change Change Change Change Change World Index Preliminary 783.2 -0.6 -5.9 -0.4 -9.2 -0.9 -10.1 EAFE Preliminary 721.2 -1.8 -8.1 -1.8 -16.0 -2.3 -16.8 Europe Preliminary 1035.2 -0.9
      374 words
    • Article
      Lock icon INTERBANK RATES
      182 27 Jun 8 Jun 8 $S Offer Bid Overnight 3/16 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.35 US$ 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
      182 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 8 S$ Bid Offer 1-month 1.4124 1.4137 2-months 1.4122 1.4136 3-months 1.4121 1.4134 6-months 1.4117 1.4131 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Jun 8 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1450 1.1790 Can dollar 1.3320 1.3470 Euro 1.6830 1.7030 NZ dollar 0.9300 0.9500 Sterling pound 2.0420 2.0660 US dollar 1.4100 1.4250 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Jun 8 Open High Sett STI Jun 2747 SIMSCI Jun 323.7 327.3 322.6 Taiwan Jun 253.1 254.5 252.7 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      67 27 Jun 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2543 2536 2545 2535 454 2497 Jul 10 2496 2478 2496 2476 1263 ***** Aug 10 2454 2432 2456 2431 8651 ***** Sep 10 2427 2407
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      368 27 Jun 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4500 0 2416 Sep10 99.2450 0 1827 Dec10 99.1050 0 1784 Mar11 98.9800 0 1149 EUROYEN TIBOR FUTURES Jun10 99.6175 99.6175 99.6150 99.6150 250 4005 Sep10 99.6450 99.6450 99.6425 99.6400 250 3346 Dec10 99.6450 0 1411
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    • Article
      Lock icon SICOM FUTURES
      161 27 Jun 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 350.0 335.0 340.0 10 Aug 10 310.0 310.0 315.0 20 Sep 10 299.0 286.0 300.0 31 Oct 10 295.0 293.0 294.0 20 Nov 10 287.0 285.0 287.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Jun 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 02.09.2010 0.30 0.25 0.25 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.93 103.95 103.93 5-Year N*****0N 1.375 01.10.2014 102.35
      90 words
    • Article
      Lock icon CHICAGO BOT
      105 27 Jun 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 935.00 unch 939.00 928.25 Aug 10 917.75 918.50 921.25 911.75 Sep 10 904.25 905.75 906.75 900.00 Nov 10 900.00 unch 901.50 893.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 36.47 36.78 36.83
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Jun 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 72.44 -0.34 WTI (Near Mth) 71.29 0.20 Dubai (1-Mth F) 71.76 -4.18 Tapis blend 76.35 -4.30 Minas 74.45 -3.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 69.50 -3.78 Jet Kerosene 83.35 -3.55 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2240 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 16 4.57 47 4085 ASJ Hldgs W*****1 3 1 4 2.33 20 2036 Advance SCT Ltd W*****9 0.5 1 87 2817 6.00 2
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Jun 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.863 5.593 0.685 6.389 38.417 75.746 0.751 10.103 2.720 1.237 69.901 38.164 1.157 6.362 0.951 26.611 26.706 0.565 0.819 Canada 1.158 6.479
      465 words
    • Article
      Lock icon SIBOR
      85 27 Jun 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1562 1.1575 0.8186 0.8188 Canadian dollar 1.3393 1.3411 0.9482 0.9487 Euro 1.6884 1.6909 1.1954 1.1961 NZ dollar 0.9346 0.9357 0.6617 0.6619 Sterling pound 2.0477 2.0500 1.4498 1.4501
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 27 Jun 8 GOLD (US$/oz) Jun 08 Jun 07 Hong Kong 1241.00 1214.80 Jun 07 Jun 04 London 1231.45 1204.25 1233.05 1205.25 Source: Thomson Reuters CAST BAR Jun 08 (S$) Selling Buying Kilobar "60,525.62" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135.89 56 5gm 385.2 282 10gm 688.01
      138 words
    • Article
      Lock icon LONDON METALS
      69 27 Jun 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1834.75 1849.25 3 months 1867.50 1881.00 Copper, Grade A (US$/tonne) Cash 6067.75 6249.00 3 months 6101.00 6280.00 Lead (US$/tonne) Cash 1529.00 1582.50 3 months 1554.00 1607.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 27 Jun 7 COCOA (£/tonne) Close Prev High/Low Jul 10 2927 2559 2956/2903 Sep 10 2944 2347 2973/2922 Dec 10 2968 2286 2990/2948 Mar 11 2997 2238 3014/2992 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1338 1336 1341/1324 Sep 10 1373 1372 1375/1360 Nov 10 1397 1398 1399/1389 Jan 11
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  • EDITORIAL & OPINION
    • Article
      Lock icon M’sian sports betting saga casts a pall
      489 28 EDITORIAL THE sports betting licence saga in Malaysia has taken a curious turn. On Monday, Prime Minister Najib Razak, in his capacity as finance minister, said in a written parliamentary reply to four lawmakers that his ministry had yet to issue a sports
      489 words
    • Article, Illustration
      Lock icon Romance ends between Obama and Americans
      805 28  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IF you want to get a sense of the depressing mood that has been overwhelming President Barack Obama and his aides these days, all you need to do is listen to the old hit sang by the
      805 words
    • Article, Illustration
      Lock icon A case for raising the employer’s CPF rate
      1170 28  -  The employer’s rate could then be used to moderate labour cost if a recession occurs By CHEW SOON BENG The writer is Professor of Economics and Industrial Relations at Nanyang Technological University. He is author of ‘The Singapore Worker: A Profile’ (Oxford
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