The Business Times, 19 April 2011

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Microfilm: NL31313
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, April 19,2011
    23 words
  • Article
    Lock icon Australian tussle over HK move lands in S’pore
    681 1  -  Shareholders dragged into fight between Ukrainian stakeholder, OMH By JOYCE HOOI, JOHN HELMER [SINGAPORE] A battle raging on Australian soil between ASX-listed manganese firm OM Holdings (OMH) and its biggest single shareholder is now being fought on Singapore’s shores. Following Singa-pore-headquartered OMH’s
    681 words
  • Article, Illustration
    Lock icon Offshore yuan clearing set for Singapore touchdown
    797 1  -  China to designate one of its banks here for the job; invites MAS to invest in onshore products there By in LYNETTE KHOO in Beijing CHINA has flung open the doors to the renminbi clearing market for Singapore. Its central bank will soon
    LIANHE ZAOBAO  -  797 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 H ST INDEX 3,144.38 (-8.92) H ST INDEX FUTURES 3,128.00 (-9.00) H SIMSCI 371.85 (-1.61) H SIMSCI FUTURES 368.90 (-2.00) FOREX US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.627 2.026 EURO (US$/S$/E) 1.434 1.786 Foreign currency per US$ S$ YEN 83.00 66.60 RM 3.023 2.427 HK$
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      551 2 Offshore yuan clearing set for Singapore touchdown CHINA has flung open the doors to the renminbi clearing market for Singapore. Its central bank will soon pick a Chinese bank here for the job and is keen on having the Monetary Authority of Singapore invest in mainland products. FRONT
      551 words
    • Article
      Lock icon Mapletree Commercial Trust launches $983m IPO
      577 2  -  It’ll sell up to 1.12b units at 88 cents apiece; trading likely to begin on April 27 By UMA SHANKARI [SINGAPORE] Mapletree Commercial Trust (MCT) will raise up to $983 million from its initial public offering (IPO) in Singapore after pricing the shares at
      577 words
    • Article
      Lock icon Coffee, tea . . . or me – the Virgin boss?
      384 2  - Coffee, tea or me the Virgin boss? Highest bidder will shave Branson’s legs as he dons AirAsia stewardess uniform By VEN SREENIVASAN [SINGAPORE] He’s not only going to have to dress for the part; he’ll also have to look the part. Virgin group boss Richard Branson will have his legs
      384 words
    • Article
      Lock icon Correction
      52 2 IN “Slide in car sales, F&B drag on Feb retail” (BT, April 16), we cited the Department of Statistics’ food and beverage services index, saying that turnover from fast food outlets increased 4.1 per cent month on month. It should have been 4.7 per cent. We are sorry for
      52 words
    • Article, Illustration
      Lock icon Singapore’s non-oil domestic exports jump 10% in March
      689 4  -  Electronics exports fall further by 13.8%; February’s NODX revised down By CHUANG PECK MING [SINGAPORE] Singapore’s non-oil domestic exports (NODX) in February grew slower year on year than first thought. But March’s NODX has shot up higher than expected, according to the
      Source: IE Singapore  -  689 words
    • Article, Illustration
      Lock icon Speculation rises on next Goldman chief
      761 4 No clear favourite as 3 insiders emerge top candidates NYT [WASHINGTON] Who will succeed Lloyd Blankfein when he eventually steps aside as chief executive of Goldman Sachs? The choice of Goldman’s next chief could signal the firm’s direction and influence the broader thinking on
      NYT; BLOOMBERG  -  761 words
    • Article
      Lock icon Sarawak-linked companies rally after BN’s win
      567 4  -  Counters gain as development plans are seen to proceed By PAULINE NG SARAWAK-LINKED companies rallied yesterday after the Barisan Nasional maintained its two-thirds hold on the state on expectations that development projects would proceed as planned because of leadership continuity. The ruling coalition won
      567 words
    • Article
      Lock icon Committee members to certify minority candidates appointed
      141 4 HERALDING the coming general election (GE), the members of two committees that will certify whether minority candidates belong to their respective racial groups have been appointed. The names of the members for the two committees the Malay Community Committee and the Indian and
      141 words
    • Article
      Lock icon Floating oil storage taking shape
      423 4  -  Tenders for construction of ‘megafloat’ may be called by year-end, say sources By RONNIE LIM [SINGAPORE] Singapore is set to embark on the construction of another alternative oil storage facility on very large floating structures (VLFS) at Pulau Sebarok this year-end, sources have told The
      423 words
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      229 2 A member of i™ Academy For people who love a challenge. At PSB Academy, we work our students hard. When our graduates head out into the world, they're armed with more than just a piece of paper. They have real skills, for real life. Take our Business courses for example.
      229 words
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      156 3 A SMOOTH RIDE INTO THE FUTURE. WEALTH. WHAT'S IT TO YOU? Tomorrow is going to be an exciting place. The best way to make the most of it is to start planning today. At Barclays Wealth our extensive resources and high levels of expertise are concentrated on your goals, helping
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      154 4 The first rule of currency trading: stay current. /Sa GO One of Singapore's largest institutional leverage FX FX brokerage is now open to all investors online. Zero commission As low as 1 pip bid/offer spreads Receive live streaming interbank FX prices from the interbank market Microlots of 5,000 units available
      154 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon South Beach project set to award contract in Q3
      639 5  -  New $1.6b loan facility secured for project which is expected to cost up to $3b By KALPANA RASHIWALA THE main construction contract for the delayed South Beach project is expected to be awarded in the third quarter of this year and
      FILE PHOTO  -  639 words
    • Article
      Lock icon OSIM tea venture: some questions
      712 5  -  HOCK LOCK SIEW By WONG WEI KONG RON Sim must have read the tea leaves and liked what they told him. Problem is: the market needs to know exactly what he saw. Last Friday, Mr Sim’s OSIM International, the lifestyle products group best known for
      712 words
    • Article, Illustration
      Lock icon A-Reit’s Q4 DPU jumps 19.8%
      408 6  -  Net property income up 9.5% on completion of new projects By EMILYN YAP IMPROVED results for the fourth quarter capped a strong financial year for Ascendas Real Estate Investment Trust (A-Reit). The industrial Reit, which has been actively snapping up properties or enhancing existing ones
      408 words
    • Article
      Lock icon Rickmers Q1 DPU up 5% at 0.60 US cent
      332 6  -  Trust expects to continue generating steady cash flow By MAXIE AW YEONG ON the back of a stable topline, Rickmers Maritime has declared a first-quarter distribution per unit (DPU) of 0.60 US cent, up 5 per cent from 0.57 US cent
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    • COMPANY BRIEFS
      • Article
        Lock icon Medi-Flex lodges report against ex-director
        146 6 MEDI-FLEX Ltd said yesterday that the company had lodged a report against former director Tu Ah Kim with the Commercial Affairs Department (CAD). This came after the Singapore Exchange (SGX) last week reprimanded Mr Tu and another former director, Hew Yew Fook, for serious breaches
        146 words
      • Article
        Lock icon Azeus bags HK$59m HK govt contracts
        85 6 AZEUS Systems Holdings, a provider of IT consultancy services in Hong Kong, said it has been awarded two contracts worth a total of HK$58.9 million (S$9.46 million) by two major government departments of the Hong Kong government. Including these two contracts, the group has
        85 words
    • Article
      Lock icon PST’s DPU rises 2% to 0.809 US cent in Q1
      437 6  -  Annualised yield at 8.7%; distributable income at US$4.8m By LYNN KAN PACIFIC Shipping Trust’s (PST) first-quarter distribution per unit (DPU) inched up 2 per cent to 0.809 US cent from 0.793 US cent a year ago. The DPU for the
      437 words
    • Article
      Lock icon Keppel Fels bags job for wind turbine installation vessel
      338 6  -  By KELLY TAY KEPPEL Fels, a subsidiary of Keppel Corp, has secured a contract for Seafox 5 from Aarsleff Bilfinger Berger (ABJV) DanTysk. Seafox 5 is Keppel Fels’ multi-purpose self-elevat-ing platform (MPSEP) wind turbine installation vessel, owned and managed with the
      338 words
    • Article, Illustration
      Lock icon Qian Hu’s Q1 profit falls 29%, revenue rises 4%
      359 6  -  By WONG SU-JIN ORNAMENTAL fish service provider Qian Hu yesterday reported a 28.6 per cent drop in net profit for Q1 2011, from $1.4 million to $1.0 million. Revenue rose 3.9 per cent, from $23.2 million to $24.2 million. Gross profit
      FILE PHOTO  -  359 words
    • Article, Illustration
      Lock icon Foreland plans dual listing on Korean bourse
      421 9  -  This may be via new shares or depository receipts issue By MICHELLE TAN FORELAND Fabrictech Holdings a China-based vertically integrated manufacturer of functional and normal fabrics intends to seek a dual listing on the Korea Exchange (KRX) to complement the company’s long-term growth
      421 words
    • Article
      Lock icon KTT Q1 profit up 9.6% on higher data centre sales
      390 9  -  By WINSTON CHAI IMPROVEMENTS at its data centre division helped lift Keppel Telecommunications Transportation’s (KTT’s) bottomline for the fifth straight quarter with the group reporting a 9.6 rise in first-quarter net profit to $13.9 million, from $12.7 million a year
      390 words
    • Article
      Lock icon Going for gold: TTEC to invest US$30m-45m in new business
      678 9  -  It is targeting an output of 3,000 oz of gold per month by next March By FELDA CHAY THE dollars and cents behind The Think Environmental Company’s (TTEC) quest for gold were made known yesterday, with the company saying that
      678 words
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      109 5 Tuesday, 24 May 2011 8:30 a.m. 5:00 p.m. Venue Suntec Singapore International Convention Exhibition Centre Suntec City, Level 3 Registration closes on Wednesday, 18 May 2011 Registration/Enquiries Cherie Chan Address: www.ey.com/sg/seminars Financial Reporting Update 2011 Ernst Young LLP reserves the right to cancel the seminar or amend the schedule, venue
      109 words
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      157 5 n Ik m s m w m m u > rtrtt mum Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed o C |$f
      157 words
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      471 6 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2011 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the first quarter ended 31 March 2011. GROUP 1Q
      471 words
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      17 6 Pacify the Raging Bull Call 1800 289 8822 j or e-mail notices@sph.com.sg to place your Apology Notices
      17 words
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      1199 7 k f! ■tei i T 4/ m Alexandra Retail Centre at PSA Building i i L m 1 I I r h'M M "A TfT n L", i /r A *•.*».«> aw r mapleiree commercialtrust Mapletree Commercial Trust (MCT) (a real estate investment trust constituted on 25 August 2005 under
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks slip with lower Europe open
      573 8  -  Rising inflation in emerging markets and worries about Europe’s debt problems weigh on sentiment STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) dropped 8.92 points to 3,144.38 yesterday while the broad market excluding derivatives recorded 143 rises versus 255 falls. Turnover, which
      Source: Bloomberg  -  573 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Apr 18 VALUE CLOSE BT OB/OS -128.00-245.00 BT CADI -*****.00-107.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 768.92 -5.80 FTSE ST Small Cap 557.91 -1.88 FTSE ST All Share 774.29 -2.80 FTSE ST China Top 281.14 -2.65 FTSE ST China 306.31 -3.08 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      62 8 VOLUME Genting SP 77,347,000 Golden Agri 54,596,000 HPH Trust US$ 52,504,000 Dyna-Mac 49,457,000 Tuan Sing 44,735,000 Noble Grp 31,718,000 ChinaTaisan 30,088,000 Cosco Corp 29,462,000 Gallant 26,038,000 Yangzijiang 21,130,000 VALUE($) Genting SP 163,175,690 Cosco Corp 69,110,070 Noble Grp 68,943,270 HPH Trust US$ 61,336,565 DBS Grp 50,829,060 OCBC Bk
      62 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 5 0 0 0 5 7 5 Manufacturing 35 73 69 3 8 9 38 81 78 Commerce 10 22 29 3 3 4 13 25 33 Tpt/Stor/Comms 10 19 13
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon CapitaLand
        424 8  -  Compiled by CONRAD TAN Apr 18 close: S$3.38 OCBC INVESTMENT RESEARCH, Apr 18 CAPITALAND said that it would acquire a 40 per cent stake in Surbana Corporation for S$360 million. The goal is to accelerate growth of CapitaLand’s new value-housing initiative, CapitaValue Homes (CVH), by leveraging on Surbana’s expertise
        424 words
      • Article
        Lock icon Glossary:
        136 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        136 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 80,289 80,289 90,558 90,558 Manufacturing 250,644 29,200 279,844 235,670 2,346 238,016 Commerce 72,750 12,626 85,376 126,347 1,620 127,967 Tpt/Stor/Comms 174,167 27,193 201,360 283,600 2,155 285,755 Finance 19,202 19,202 162,364 162,364 Construction 45,228 210 45,438 18,340
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.840 -0.040 CapitaLand 3.380 -0.030 CapitaMall 1.860 -0.030 CityDev 11.640 +0.040 ComfortDelGro 1.530 -0.020 DBS Grp 14.560 -0.100 F&N 6.270 +0.030 GLP 1.960 -0.040 Genting SP 2.110 +0.020 Golden Agri 0.695 HK Land 7.140 -0.070 JMH 46.500 +0.620 JSH 27.760 +0.080
      112 words
    • Article
      Lock icon Asian currencies snap three-day advance
      472 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell, snapping a three-day rally, as concern over Europe’s debt crisis will worsen bolstered demand for dollars. The Bloomberg-JPMorgan Asia Dollar Index dropped 0.1 per cent on speculation that Finland won’t support Europe’s bailout of Portugal and other debt-ridden economies
      Bloomberg  -  472 words
    • Article
      Lock icon RISES
      104 8 BY CENTS CLOSE UP GLD 10US$ ***** 113.3 0.6 JMH 4650 77.2 1.4 DBXT MSAsExJp 10US$ 3456 72.2 1.7 DBXT FTChina25 10US$ 3318 33.6 0.8 DBXT MSTHAI 10US$ 1749 31.1 1.5 Total Access 163 12.5 6.5 Isetan 334 10.0 3.1 UE Pref 138 10.0 7.8 JSH 2776 10.0 0.3
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    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-120.8 -0.7 DBXT FTVietnam 10US$ 3258 -67.2 -1.6 Jardine C&C 3618 -52.0 -1.4 Lyxor China H 10US$ 1703 -38.6 -1.8 DBXT MSKorea 10US$ 6368 -33.6 -0.4 DairyFarm 850 -29.9 -2.7 CIMBAsean40 100US$ 1050 -28.6 -2.1 DBXT MSJAP 10US$ 3707 -24.9 -0.5 OCBC
      128 words
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      62 8 TO u ss B V LG A R I J tt. > Zi\ (H <5 it m f mm 7 Gerald Genta BVLGAR I THE NEW OCTO BI-RETRO WATCH BOUTIQUES TAK ASH I MAYA DEPARTMENT STORE HILTON HOTEL PARAGON SHOPPING CENTRE THE SHOPPES AT MARINA BAY SANDS AUTHORIZED RETAILERS CORTINA
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      43 9 Tradition in Private Banking. *> m w isp® Clariden Leu SWISS PRIVATE BANKING SINCE 1755 For us, private banking means drawing on tradition to create new value. Also for you: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Registration No. T05FC6718B-PTE-01
      43 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon ITE a unique education feature serving S’pore well: PM Lee
      604 10  -  Heavy investment justified as students with ‘thinking hands’ acquire useful skills By LEE U-WEN LIKE Singapore, many countries around the world, too, have excellent school systems and world-class universities. The Republic, however, is unique in offering a high level of
      LIM SIN THAI/THE STRAITS TIMES  -  604 words
    • Article
      Lock icon Upcoming polls about S’pore’s future: SM
      497 10  -  By LYNETTE in LYNETTE KHOO in Beijing THE upcoming election is not about PAP’s youngest candidate, Tin Pei Ling, or the Marine Parade GRC, but about Singapore’s future, Senior Minister Goh Chok Tong said yesterday. And this future, he stressed, is now fraught with
      497 words
    • Article
      Lock icon Maybank starts 2 new home loan products
      378 10  -  By CONRAD TAN MAYBANK has launched two new home loan products to attract homebuyers looking to benefit from current low interest rates while affording them some protection against future rate increases. The bank is offering “hybrid rate” home loans at interest rates that
      378 words
    • Article
      Lock icon Slovakia beckons Singapore investments
      793 10  -  By GEORGE JOSEPH FANCY Singapore brands Sakae Sushi, the restaurant chain, and local young women’s favourite footwear retailer Charles Keith making it big in the cities of Central and Eastern Europe? If attempts being made by the Slovak Republic to lure more investments from Singapore work,
      793 words
    • Article
      Lock icon Khoo Teck Puat Hospital clinches BCA gold award
      162 10 KHOO Teck Puat Hospital (KTPH) has become the first hospital to win the Building and Construction Authority’s (BCA) gold award for user-friend-ly building design. It was one of the winners of BCA’s fifth Universal Design Awards, announced yesterday. Of the 33 nominations
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    • Article
      Lock icon Models of CET campuses in east, west unveiled
      482 10  -  By MINDY TAN CONTINUING education has never been so fancy, with training areas that will mimic hotel lobbies and large theatrettes that will come fully equipped with all the culinary bells and whistles. These were the campus models unveiled yesterday for the
      482 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Barefoot charity walk on June 18
        85 10 HABITAT-BARCLAYS Bare Your Sole 2011 organised by Barclays in aid of Habitat for Humanity will be held on June 18 at Gardens by the Bay East, Tanjong Rhu. Participants in the barefoot walk, covering distances of 2.5 km and 4 km, will help raise
        85 words
      • Article
        Lock icon ICPAS gets new council members
        94 10 THE council of the Institute of Certified Public Accountants of Singapore (ICPAS) yesterday welcomed new council members following their 2010-2011 AGM, held on April 16. Ho Tuck Chuen, group CFO of Jurong Town Corporation, Ho Yew Kee, vice-dean (finance and administration) of the NUS Business
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      • Article
        Lock icon Charity portal raises $5m in first year
        91 10 SINGAPORE’S largest charity donation portal, SG Gives, has raised over $5 million online in its first year of operations. An initiative of the National Volunteer Philanthropy Centre (NVPC), it counts over 200 charities as members since going “live” in February 2010. The social
        91 words
      • Article
        Lock icon Learning Chinese through stories
        95 10 LEARNING Chinese as a second language has just been made easier for pre-schoolers, thanks to a joint collaboration between NTUC First Campus (NFC) and the Singapore Centre for Chinese Language (SCCL). The SCCL story-based curriculum uses stories, including fairy tales and folklores, to engage learners and
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      • Article
        Lock icon Seminar on Congo business opportunities
        86 10 THE Singapore Business Federation (SBF), the government of the Republic of Congo, World Bank and Kalahari International Partners jointly organised the AfBG Africa Awareness Seminar: Business Networking Highlights on Opportunities in the Republic of Congo yesterday. It showcased to the Singapore business community the latest
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      187 11 Milestone FPSO PSVM Destined for Plutao, Saturno, Venus Marte (PSVM) Field, offshore Angola for BP ■A bim. INNOVATION EXCELLENCE ilNGAfOftc INNOVATION CLASS Partner AWARD 2007 WINNER T as U- ri?i £1 ffigl (Mn£ St S-L. W 3 ff mmm 5* m S.-.B 3 to; a 2" i Converted from a
      187 words
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  • Inc
    • Article, Illustration
      Lock icon The importance of innovation
      841 12  -  Don’t worry about the necessary technical skills but look for the technology that can deliver the service, reports TAN SHIHAO SEAN reports TAN SHIHAO SEAN WITH global competition becoming increasingly intense, innovation is no longer the domain of big multinational corporations (MNCs) as more firms of
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    • Article
      Lock icon Portfolio falls 2.2% on profit-taking
      480 12  -  By TEH HOOI LING AFTER three weeks of gains, our small cap portfolio gave back some of its profits in the last five trading days to yesterday. It slumped by 2.2 per cent, dragged down by prof-it-taking in stocks like Midas, Yongnam, Ausgroup and CSE
      480 words
    • Article, Illustration
      Lock icon Bridging the gap between research, commerce
      1276 12  -  A-Star scientist helps Screentech double turnover in a year By MINDY TAN WE FIGHT, we fight a lot that is how Screentech’s managing director Calvin Lim describes his relationship with A*Star’s Singapore Institute of Manufacturing Technology’s Ronnie Teo. But out of the “fighting” has
      FILE PHOTO  -  1,276 words
    • Article, Illustration
      Lock icon Growing with the times
      628 13  -  YCH, a leading integrated logistics and end-to-end SCM solutions firm in Asia-Pacific, lives by the values of reliability, integrity, sincerity and enterprise, reports TAN SHIHAO SEAN reports TAN SHIHAO SEAN ONE of the most important avenues for growth for a company based in a small country
      628 words
    • Article
      Lock icon Ways to enhance online advertising
      573 13 ASK NUS PROFS Q: For online advertising, I've heard of people using either Google AdWord or Search Engine Optimization. The former appears to allow your website to show up as “sponsored links” when certain keywords are searched. And I have no idea how the latter
      573 words
    • Article, Illustration
      Lock icon Worth the time and effort
      1902 14 Three companies share their views on their participation in the Emerging Enterprise 2010 and other competitions Roundtable participants Arnold Hoh, co-founder of Moveon Technologies, an optoelectronics firm Noni Limpo, managing director of PCB and semiconductor solutions provider Toyo Adtec Asia Pacific Ryan Lee, chief executive
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    • Article, Illustration
      Lock icon Funding surprise for Entrepreneur of the Year
      475 14 SOON after he won the Entrepreneur of the Year Award late last year, fund managers, private investors and banks came knocking on Andy Chaw’s doors much to his surprise. The founder and CEO of Star 360 Holdings, which distributes sports apparel, recalled that
      FILE PHOTO  -  475 words
    • Article, Illustration
      Lock icon Tackling innovation efficiently
      1006 15  -  More than ever now, companies must understand and resolve innovation-associated tensions for their survival and growth COMMENTARY By MICHAEL FRESE The writer is professor in management organisation at NUS Business School. He specialises in leadership, ageing and work opportunities, innovation, and entrepreneur ship. This research was done
      STOCK.XCHNG  -  1,006 words
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      92 13 Started out as a fortnightly column, ‘Ask NUS Profs’ is now a weekly collaboration with NUS Business School. Every week, a panel of professors from the school will address business-related questions relevant to SMEs. If you manage a business and have a question to ask the panel, please e-mail it
      92 words
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      97 13 Investment MARKETS get thinking FX/CFD trading Singapore's No.1 CFD provider for customer satisfaction. IG Markets ranked first for overall customer satisfaction.* Clients praised our value for money and tight spreads. We also ranked first for our easy-to-use platform and professional charts. Find all you need to get started at igmarkets.com.sg
      97 words
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      92 15 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers
      92 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon ECB hints at raising key rate again this year
      570 16 Tighter policy is due to inflationary pressures, stronger economy: officials Bloomberg [WASHINGTON] European Central Bank governing council members signalled that they will keep tightening monetary policy this year as the economy strengthens and inflation accelerates at its fastest pace since 2008.
      Bloomberg; REUTERS  -  570 words
    • Article
      Lock icon High oil prices threaten recovery: Opec
      399 16 The grouping urges consuming nations to rein in speculators Reuters [KUWAIT] High oil prices represent a potentially major burden for importers, with global economic recovery still fragile, leading Opec ministers said yesterday. Saudi Oil Minister Ali al-Naimi, a day after confirming that the kingdom
      Reuters  -  399 words
    • Article
      Lock icon Avoid spending spree to win polls, Africa told
      330 16 Reuters [WASHINGTON] The International Monetary Fund is cautioning African countries to watch their spending during a year packed with elections in the region where rising food and fuel prices already pose a big threat to the poor. This year is the busiest
      Reuters  -  330 words
    • Article
      Lock icon Russia plans US$10b fund to woo foreigners
      525 16 Private equity fund set to yield 20% returns, says official Reuters [NEW YORK] Russia is planning a US$10 billion private equity fund comprised mostly of foreign capital, lured by targeted returns of up to 20 per cent from investing in industries such as
      Reuters  -  525 words
    • Article
      Lock icon Trade protectionism making a political comeback in France
      468 16 Reuters [PARIS] An old French idea is blossoming again in the Paris springtime. France’s Socialists have just embraced a form of European trade protectionism in their manifesto, a shift from their previous endorsement of globalisation as a win-win proposition for French workers.
      Reuters  -  468 words
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      253 16 THE SME MAGAZINE PRESENTS BUSINESS RECOVERY WHEN MARKET CONDITIONS CHANGE Chia Kim Piow Chairman Managing Director Rotary Engineering Limited, Businessman of the Year Singapore Business Awards Te Singapore Business Awards Businessman of the Year and Enterprise winner will share with SMEs how to react to changing market conditions brought about
      253 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Public Bank Q1 profit up 21% at RM827.7m
      514 17  -  Results point to a strong showing by the banking sector as a whole By S JAYASANKARAN in Kuala Lumpur FORESHADOWING a strong earnings season by Malaysia’s banking sector, Public Bank, the country’s third largest lender, has reported a 21 per cent rise
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    • Article
      Lock icon Inflation rate seen climbing to 3.2% this year
      328 17 This will prompt central bank to hike rates: Mier Bloomberg [KUALA LUMPUR] Malaysia’s inflation rate could climb to 3.2 per cent this year, prompting its central bank to increase interest rates as economic growth slows from a dec-ade-high, the Malaysian Institute of
      Bloomberg  -  328 words
    • Article
      Lock icon Islamic insurer plans Indonesian expansion
      464 17 Reuters [KUALA LUMPUR] Malaysia’s Great Eastern Takaful will begin offering Islamic insurance products in Indonesia in the third quarter and hopes to launch its business in Singapore next year, its chief executive said yesterday. The Islamic insurer will start a distribution channel to focus initially
      Reuters  -  464 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      100 17 SINGAPORE'S NO. 1 MEN'S MAGAZINE! GUIDETO RUNNING 2011 CHO 100% y USEFUL! PACKON MUSCLE] AND BURN 37% FAT IN 4 WEEKS WHYYOUR I COUGH CAN I KILL PG 74 ■iWliBBWia 11[ EASY WAYS TO LIVE LONGER& HEALTHIER SINGAPORE BUY SOME HAPPINESS COOL GADGETS TO HALVE YOUR STRESS INLOCK 6-PAC EASY
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      Lock icon Page 17 Advertisements Column 2
      249 17 RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 5 May 2011
      249 words
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      578 17 Is RADIATION a BIG concern to you Take ORGANIC IMMUNOCAL today for better protection. Proven, effective and affordable! Even safe for babies and pregnant mothers. Free reading materials are available. Please call 6281 8229 or visit www.funggohpharma.com.sg for more details. F-G Fung Goh Pharmaceutical Products Pte Ltd. ft gV lmmunoca
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China banks woo investors with new wealth products
      565 18 Products appeal to cash rich faced with few investment options Reuters [BEIJING] Looking for a “golden key”, a “diamond fortune” or “happy heart wealth”? Chinese banks, chafing under the government’s loan curbs, are getting creative, pumping out highyielding wealth management products with
      Reuters  -  565 words
    • Article
      Lock icon Yuan close to being freely usable: China central bank
      434 18 Reuters [WASHINGTON] China’s yuan is close to being a freely usable currency, one of two key tests for it to be included in the International Monetary Fund’s currency basket, the deputy governor of China’s central bank said. The most widely used
      Reuters  -  434 words
    • Article, Illustration
      Lock icon India needs to rev up manufacturing further
      680 18 Reuters [GREATER NOIDA, INDIA] India’s rise as an emerging market star with seemingly insatiable demand means firms such as South Korea’s LG Electronics are doing a booming business, but the country must rev up its manufacturing sector further or risk an unmanageable trade
      Reuters; REUTERS  -  680 words
    • Article
      Lock icon Left Front looks set for defeat in West Bengal polls
      467 18 AFP [KOLKATA] The Indian state of West Bengal went to the polls yesterday in a vote that looked set to end three decades of uninterrupted rule by the world’s oldest democratically elected communist government. The Left Front, led by the
      AFP  -  467 words
    • Article
      Lock icon India’s corporate results seen missing targets
      452 18 Bloomberg [MUMBAI] DSP BlackRock Investment Managers Pvt, the Indian unit of the world’s largest money manager, expects corporate earnings in the Asian nation to lag behind analyst estimates as raw-material costs surge. Companies on the benchmark Bombay Stock Exchange Sensitive Index may report profit
      Bloomberg  -  452 words
  • Page 18 Advertisements
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      42 18 Tuck into THE GREAT outoockCHARITY CEO Feast on great hawker fare prepared personally by S’pore’s top bosses Feel good because all proceeds go to charity When: Every Friday (7-10pm) Where: Food Republic Beer Garden at St James Power Station the new paper
      42 words
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      349 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND KOKOSHA SINGAPORE (PTE) LTD (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of KOKOSHA SINGAPORE (PTE) LTD duly convened and held at No. 9-49 Mikuriya Higashi, 1, Chome HigashiosakaCity Osaka, Japan on the 12 April 2011,
      349 words
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  • WORLD
    • Article
      Lock icon Smart investors make money on BP oil spill
      650 19 Buying BP’s shares as they went into free-fall last year was a calculated risk Reuters [NEW YORK] Investors who bought BP’s stock and bonds when oil was spewing out of its well in the Gulf of Mexico a year ago made a
      Reuters  -  650 words
    • Article
      Lock icon S Korea bank under probe over system crash
      344 19 Nonghyup blames cyber attacks after services got disrupted and data lost AFP [SEOUL] Regulators have launched an inquiry into South Korea’s largest banking network in terms of branches, after a suspected cyber attack left many customers unable to access their money for
      AFP  -  344 words
    • Article, Illustration
      Lock icon Fiat CEO valuates Ferrari at 5b euros
      527 19 His assessment is 2b euros more than that of analysts Bloomberg [MILAN] Fiat SpA chief executive officer Sergio Marchionne said that he has told bankers pushing him to pursue an initial public offering (IPO) of Ferrari that the division may be worth more
      Bloomberg; BLOOMBERG  -  527 words
    • Article, Illustration
      Lock icon Citigroup posts US$3b Q1 profit
      543 20 32% earnings drop less than expected as consumer banking profit soars Bloomberg [NEW YORK] Citigroup Inc, the third-largest US bank, reported a 32 per cent drop in first-quarter earnings, a smaller decline than analysts estimated, as the bank reduced reserves for future losses and consumer
      Bloomberg; REUTERS FILE PHOTO  -  543 words
    • Article
      Lock icon Don’t shun safe foodstuffs, Japan urges Asia
      503 20  -  By ANTHONY ROWLEY in Tokyo COUNTRIES in Asia and beyond that have banned imports of some Japanese foodstuffs in the wake of the nuclear accident at Fukushima because of fears of radioactive contamination should abide by World Trade Organization (WTO) rules that outlaw
      503 words
    • Article
      Lock icon S&P puts ‘negative’ outlook on US AAA
      203 20 Bloomberg [NEW YORK] Standard Poor’s put a “negative” outlook on the US AAA credit rating, citing rising budget deficits and debt. “We believe there is a material risk that US policy makers might not reach an agreement on how to address medium- and
      Bloomberg  -  203 words
    • Article, Illustration
      Lock icon Greek denials fail to quell debt reschedule talk
      586 20 EU and IMF start tough bailout talks with Portugal AFP Reuters [ATHENS] Markets continue to speculate that some form of Greek debt rescheduling was on the cards despite Athens reiterating yesterday it has no such plans to do so. But adding more
      AFP; Reuters  -  586 words
    • Article, Illustration
      Lock icon China’s inflation a potential world problem
      374 20  -  By IAN CAMPBELL CHINA’s overheating may soon be the world’s problem. Data released on April 14 showed GDP rising at 9.7 per cent in the first quarter, and consumer prices running at a too-fast 5.4 per cent. The concern isn’t just that Chinese policy
      374 words
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  • AVIATION
    • Article, Illustration
      Lock icon More rest time for controllers between shifts
      495 21 Bloomberg [WASHINGTON] Transportation Secretary Ray LaHood said on Sunday that the US will increase the required rest time to nine hours for air traffic controllers after a string of reports involving controllers falling asleep on the job. “I’m really mad about it,” Mr
      Bloomberg; AFP  -  495 words
    • Article, Illustration
      Lock icon Cracks a persistent problem on ageing planes
      873 21 NYT [NEW YORK] In April 1988, when the cabin roof ripped off an Aloha Airlines 737 and swept a flight attendant to her death, it sent a startling signal to the airline industry about the dangers of metal fatigue. Airlines immediately stepped up
      NYT; AFP  -  873 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3219 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad NH6292 1855 SQ530 1855 Amsterdam
      3,219 words
    • Article
      Lock icon ST Aerospace bags $320m orders in Q1
      527 21  -  It also obtains business licence for its airframe MRO JV in Guangzhou By VEN SREENIVASAN [SINGAPORE] Singapore Technologies Aerospace (ST Aero) has charged into the new year with firstquarter contract order book totalling some $320 million. During the January March 2011 quarter, the
      527 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      315 21 CRYPTIC CROSSWORD Across 8 Make allowances for being swindled by prisoner (7) 10 Affliction from which gaol bum might suffer? (7) 11 Memorable words to describe healthy snack? (5,4) 12 Part of aircraft storing old rope (5) 13 Finally trap unstable iron particle (5) 14 Routine suggestion given to artist
      315 words
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  • Article
    Lock icon SHIPPING TIMES
    3109 22 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam
    3,109 words
  • Page 22 Advertisements
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      59 22 Legal services required by shippers owners Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 inc UUJINEJJ IIIVIEJ SHIPPING TIMES Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here
      59 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Singamas may raise container prices by 11%
      711 23 Increase follows rise in steel costs and shortage of boxes after Japan quake Bloomberg [SINGAPORE] Singamas Container Holdings Ltd, the second-biggest maker of shipping boxes, may increase prices 11 per cent this year after steel costs rose and the Japan tsunami exacerbated a
      Bloomberg  -  711 words
    • Article, Illustration
      Lock icon Fire knocks out power to cruise ship
      437 23 AP [MEXICO CITY] A generator fire knocked out power to the ship of a newly started Mexico-based cruise line, stranding the vessel off the southern Pacific coast and forcing the evacuation of 515 passengers on Saturday, Oaxaca state authorities said. The fire in
      AP  -  437 words
    • Article
      Lock icon Pirates promise to release Indonesian hostages
      186 23 Xinhua [JAKARTA] Somalian pirates promised yesterday that they would release all Indonesian hostages after they receive US$3 million in ransom, a pirate said in a phone interview with local Metro television. Muhammad Sala, one of the pirates, said in a live broadcast that the
      Xinhua  -  186 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 23 SGX '000 Apr 18 S$ +/-Vol CH Offshore 0.46 -0.01 45 Chuan Hup Hldg 0.23 unch 140 Cosco Corp 2.29 -0.04 ***** CWT Ltd 1.35 0.01 3091 Ezra Hldgs 1.70 -0.05 4083 First Ship Lea 0.41 0.01 3013 Freight Links 0.07 unch 2036 Grand Banks 0.33 -0.03 3
      278 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon There’s hope for a deal over US debt ceiling
      497 24 EDITORIAL EVEN before the details of the Budget deal that averted a government shutdown were released in Washington, lawmakers were preparing for the next legislative game of chicken. Republican leaders are threatening that they wouldn’t authorise an increase in the US$14.294
      497 words
    • Article, Illustration
      Lock icon When America’s banker is having doubts
      802 24  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own TIMOTHY Geithner says borrowing more from China to finance tax cuts for the most affluent Americans would be irresponsible. The Treasury secretary has it backward.
      802 words
    • Article, Illustration
      Lock icon Urbanisation, climate change to drive growth
      1127 24  -  Infrastructure spend will crank up, as will demand for commodities and clean systems By PRASAD PADMAN The writer is regional director of marketing, Asia Pacific at Moog Inc, a designer, manufacturer, and integrator of precision control components and systems MAINTAINING a profitable growth is
      BLOOMBERG FILE PHOTO  -  1,127 words
    • Article, Illustration
      Lock icon Getting due diligence right
      1148 25  -  Effective due diligence is one of the most important tasks in negotiation and there are a few traps that deal makers must avoid By MICHAEL BENOLIEL The writer is an associate professor of organisational behaviour and human resources practice at Singapore Management University and teaches negotiation.
      BLOOMBERG FILE PHOTO  -  1,148 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Policy proposals on four key issues in GE
        433 25  -  Tan Kok Tim I REFER to the article, “Into the hustings with pledge to secure Singapore’s future” (BT, April 18). Political parties will soon engage in robust adversarial debates on four hotly contested issues in the coming general election (GE) rallies to
        433 words
      • Article
        Lock icon Was SGX aware of systemic risks facing ASX?
        365 25  -  Chua Wee Meng RECENT post-mortem commentaries by the Australian financial press suggest that the attempt by the Singapore Exchange (SGX) to take over the Australian Stock Exchange (ASX) failed as the SGX was perceived to be a small regional exchange (about half
        365 words
    • Article, Illustration
      Lock icon Case for bank crisis-contracts
      972 25  -  By HANS GERSBACK The author is professor at CER-ETH Center of Economic Research at ETH Zurich. This commentary is sourcedfrom VoxEU.org, a web portal featuring the views of prominent economists THERE is anything but a dearth of proposals on how banks and bank-related financial institutions could
      STOCK.XCHNG  -  972 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8465 26 Transaction date: Apr 18 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5cd 17 17.5 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7.5cd unch 113 7.5 7.5 7 7.5
      8,465 words
    • Article
      Lock icon SGX CATALIST
      1572 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4 -0.5 500 4 4 3.5 5 19 3.9 225 145 t APStrategic 170 160 174 100.9 1.5 0.5
      1,572 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9787 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.11/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9348/0.9348 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,787 words
    • Article
      Lock icon GLOBALQUOTE
      236 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53 51.5 53 3.6 6.6 4.2 138 55 16 Genting HK US$ US43 unch 4973 43.5 42.5 42.5 43 2831.3 21 10 Over&Gen A14
      236 words
    • Article
      Lock icon SGX ETF
      823 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 110 -1 6 110 110 110 111.5 502.1 1075 761 CIMBAsean40 100US$ US1050 -23 3 1068 1039 1033 1039 42
      823 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 28 In local curr In S$ In US$ dy yr dy yr dy yr Apr 15 Index Change Change Change Change Change Change World Index Preliminary 921.5 0.2 2.7 -0.2 1.5 0.1 4.5 EAFE Preliminary 802.1 0.0 0.2 -0.5 0.8 -0.2 3.8 Europe Preliminary 1193.1 0.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      179 28 Apr 18 Apr $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.24 0.14 1 month 0.34 0.24 2 months 0.38 0.28 3 months 0.43 0.33 6 months 0.55 0.45 9 months 0.80 0.60
      179 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Apr 18 S$ Bid Offer 1-month 1.2448 1.2458 2-months 1.2447 1.2457 3-months 1.2446 1.2457 6-months 1.2443 1.2453 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      140 28 Apr 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 580.0 579.9 578.9 5 Jun 11 568.0 Jul 11 555.3 Aug 11 549.3 Sep 11 535.7 Oct 11 535.3 Nov 11 535.3 Dec 11 535.3 Jan 12
      140 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 28 Apr 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 21.07.2011 0.24 0.23 0.20 1-Year BY*****N 01.11.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.31 102.35 102.35 5-Year N*****0W 1.125 01.04.2016 100.14
      83 words
    • Article
      Lock icon CHICAGO BOT
      107 28 Apr 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1331.75 1331.00 1338.50 1322.25 Jul 11 1343.25 1342.75 1349.75 1333.75 Aug 11 1344.50 1345.00 1351.00 1336.00 Sep 11 1342.25 1345.00 1348.50 1334.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 56.84
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Apr 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.80 1.65 WTI (Near Mth) 109.56 2.43 Dubai (1-Mth F) 114.91 -0.38 Tapis blend 129.62 -0.57 Minas 126.02 -0.57 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.17 -1.11 Jet Kerosene 137.80 -1.00 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2670 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 22.5 -0.5 47 1 10 -12 1.64 55 Asia-Pacific Strategic W*****6 24 1 150 2 7.08 37 ASJ Hldgs W*****1 1.5 1 4 22 3.00 10 AlliedTech W*****2
      2,670 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 28 Apr 18 As at 9am Apr Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.356 1.28 Can dollar 1.32 1.27 Euro 1.824 1.754 Sterling pound 2.068 1.989 NZ dollar 1.015 0.967 US dollar 1.263 1.215 Local dollars to 100 units of
      122 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Apr 18 Open High Sett STI Apr 3128 SIMSCI Apr 371.1 373.1 368.9 Taiwan Apr 308.1 309.5 307.3 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      65 28 Apr 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3290 3299 3304 3268 1024 ***** Jun 11 3246 3260 3275 3229 5284 ***** Jul 11 3250 3246 3265 3217 9970 ***** Aug 11 3240 3245
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      463 28 Apr 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7000 0 1656 Sep11 99.6300 0 3157 Dec11 99.5000 0 1783 Mar12 99.2900 0 5576 EUROYEN TIBOR FUTURES Jun11 99.6725 400 5402 Sep11 99.6700 99.6700 99.6700 99.6700 0 1443 Dec11 99.6625 0 1991 Mar12 99.6450 105
      463 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 Apr 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 6.888 0.736 8.206 46.782 91.491 0.875 11.499 3.189 1.332 88.880 45.642 1.314 7.228 0.944 30.684 31.770 0.649 1.055 Canada 0.986 6.789
      464 words
    • Article
      Lock icon SIBOR
      85 28 Apr 18 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      139 28 Apr 18 GOLD (US$/oz) Apr 18 Apr 15 Hong Kong 1486.70 1475.00 Apr 15 Apr 14 London 1483.50 1466.57 1484.25 1467.34 Source: Thomson Reuters CAST BAR Apr 18 (S$) Selling Buying Kilobar 63,724.92 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 143 59 5gm 405 297 10gm 724
      139 words
    • Article
      Lock icon LONDON METALS
      71 28 Apr 15 Apr 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2674.50 2619.00 3 months 2694.00 2643.00 Copper, Grade A (US$/tonne) Cash 9384.25 9389.25 3 months 9405.00 9410.00 Lead (US$/tonne) Cash 2714.75 2664.50 3 months 2651.00 2613.50 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Apr 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3130 1.3147 1.0547 1.0552 Canadian dollar 1.2941 1.2959 1.0395 1.0401 Euro 1.7849 1.7866 1.4338 1.4340 NZ dollar 0.9857 0.9873 0.7918 0.7924 Sterling pound 2.0248 2.0270 1.6265 1.6269
      154 words
    • Article
      Lock icon LIFFE
      82 28 Apr 15 COCOA (£/tonne) Close Prev High/Low May 11 1972 1963 1984/1960 Jul 11 1979 1960 1983/1954 Sep 11 1993 1975 1997/1969 Dec 11 2010 1990 2012/1981 COFFEE (US$/tonne) Close Pev High/Low May 11 2462 2466 2489/2427 Jul 11 2468 2469 2495/2430 Sep 11 2486 2490 2511/2456 Nov 11
      82 words
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  • PROPERTY
    • Article, Illustration
      Lock icon London home asking prices hit record high
      588 29 On a national basis, house prices are up 1.7% in April from March: Rightmove Bloomberg [LONDON] Home-sellers in London raised asking prices to a record in April as prospective cash-rich buyers met a shortage of homes available for sale. Average asking prices in
      Bloomberg; BLOOMBERG  -  588 words
    • Article, Illustration
      Lock icon New-home prices drop in more China cities
      490 30 Govt’s cooling measures seem to be having an impact on real estate market AFP [SHANGHAI] More Chinese cities saw the cost of new homes fall in March, official data showed yesterday, leading to suggestions that government moves to cool the real estate market
      AFP  -  490 words
    • Article
      Lock icon Korean lenders fall on mixed signals about ‘bad bank’
      462 30 Bloomberg [SEOUL] KB Financial Group and Woori Finance Holdings led South Korean lenders lower as regulators sent mixed signals on whether to set up a so-called bad bank that would purchase soured construction loans. KB Financial fell 2.9 per cent to
      Bloomberg  -  462 words
    • Article
      Lock icon Ascott to manage project in Macau
      265 31 LISTED CapitaLand’s wholly owned serviced apartment business unit, The Ascott Limited, has clinched a contract from China Overseas Property to manage its project in Macau. The project, to be named Ascott Paragon Macau, will mark Ascott’s entry into Macau. Ascott’s chief executive Lim Ming
      265 words
    • Article
      Lock icon 10% growth seen in KL residential property prices
      186 31 Bernama [KUALA LUMPUR] Residential property prices here are expected to grow 10 per cent this year given the rebound in transaction volume and higher replacement costs, AmResearch said. The research unit of the AmInvestment Bank group said its previous forecast was a
      Bernama  -  186 words
    • Article, Illustration
      Lock icon Developers push out April launches
      752 31  -  130 202 units sold at Hedges Park Eight Courtyards since preview on Fri By KALPANA RASHIWALA AFTER achieving a 25 per cent pick-up in home sales last month, developers are continuing to push out new launches in April. Analysts say, however, that in some cases,
      752 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      605 29 CAIRNHILL MANSIONS LUXURY CONDOMINIUM DEVELOPMENT SITE Sheraton Towers Hotel Ardmore Park The Hamilton Scotts Anglo Chinese School (Junior) k (Former) Tanglin Club Scotts 28 The American Club Subject Property Goodwood Park Hotel Hilltops The Claymore Grand Hyatt Hotel Ritz Carlton Residences Scotts Square Tangs Shopping Mt Elizabeth Medical Centre Paragon
      605 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      299 30 fi JONES LANG FOR SALE LASALLE* BY EXPRESSION OF Jones Lang LaSalle Property Consultants Pte Ltd I K| T C D C Agency Licence No. L*****26E tl\tO I 2 Havelock Road Prime Office Investment Opportunity EOI Closing Date: 11 May 2011 3pm 7-storey CBD office building Recent high quality refurbishment
      299 words
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      Lock icon Page 30 Advertisements Column 2
      185 30 ACRES FREEHOLD RESIDENTIAL r DEVELOPMENT SITE if *Actual view from 23rd storey rooftop 45- 3E PARKVWaThe BEST of District 15 LARGEST remaining site on Meyer Road 4.4 acres approximately 192,340 sq ft of freehold land Masterplan Plot Ratio 2.8 up to 36 storeys 130m wide frontage on Meyer Road and
      185 words
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