The Business Times, 20 April 2011

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Microfilm: NL31313
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sph A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, April 20,2011
    23 words
  • Article
    Lock icon GE on May 7: several 'firsts' despite dates deja vu
    889 1  -  Election comes with cooling-off period and may witness more contests By LEE U-WEN [SINGAPORE] In some ways, it feels as if the general election calendar has come full circle with Nomination Day set for April 27, exactly the same date
    889 words
  • Article, Illustration
    Lock icon Shimmering with x number of car lots
    791 1  -  $1.4b tower coming up on historical parking site; unclear how many lots it will have but a survey finds sufficient parking space in vicinity By EMILYN YAP [SINGAPORE] CapitaCommercial Trust (CCT) is joining hands with its sponsor CapitaLand to redevelop the historical Market
    791 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 H ST INDEX 3,125.37 (-19.01) H ST INDEX FUTURES 3,114.00 (-14.00) H SIMSCI 370.12 (-1.73) H SIMSCI FUTURES 368.10 (-0.80) FOREX US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.627 2.030 EURO (US$/S$/E) 1.425 1.779 Foreign currency per US$ S$ YEN 82.50 66.10 RM 3.026 2.424 HK$
    145 words
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  • TOP STORIES
    • Article
      Lock icon The PAP lineup
      293 2 6-MP GRCs Ang Mo Kio Lee Hsien Loong Yeo Guat Kwang Inderjit Singh Seng Han Thong Ang Hin Kee Intan Azura Mokhtar Pasir Ris-Punggol Teo Chee Hean Teo Ser Luck Penny Low GanThiam Poh Zainal Sapari Janil Puthucheary 4-MP GRCs Holland-Bukit Timah Vivian Balakrishnan Christopher de Souza
      293 words
    • Article
      Lock icon ASX charge drags down SGX Q3 profit
      696 2  -  Turnover velocity, take-up of 19 ADR offerings remain low By JAMIE LEE [SINGAPORE]The Singapore Exchange (SGX) has booked a full $12 million charge for its attempt to take over ASX that, together with higher technology costs, dragged its third quarter profit to its
      696 words
    • Article
      Lock icon Warning of dire outcomes if US loses triple-A rating
      581 2 Never before has S&P placed the US on negative outlook Reuters AP AFP [NEW YORK] The US dollar would dive. The housing and auto industry recoveries could sputter. And the global economy might wobble. And in a worst-case scenario that’s highly
      Reuters; AP; AFP  -  581 words
    • Article
      Lock icon OM Holdings wins Aussie legal battle, fights S’pore front today
      556 2  -  By JOYCE HOOI [SINGAPORE] A judge in the Federal Court of Australia rejected a request for an injunction made by Ukrainian oligarch Gennadiy Bogolyubov against Singapore headquartered OM Holdings (OMH), yesterday. Mr Bogolyubov, through a company called Stratford Sun Limited
      556 words
    • Article
      Lock icon Frac Tech to sell majority stake
      204 2 Temasek unit Maju and RRJ Capital among consortium of investors buying 70% stake Reuters [SINGAPORE] Frac Tech Services Inc said yesterday that a consortium of investors have agreed to buy the majority shareholder of the company, amid the oilfield services provider’s plans to list
      Reuters  -  204 words
    • Article, Illustration
      Lock icon Muted reaction on bond market to credit outlook
      262 2 Reuters AP [NEW YORK] The United States dodged a bullet from the bond market on Monday, as investors resisted the temptation to dump Treasuries after Standard Poors warned Washington that it could lose its top-notch credit rating. Instead, bond prices posted solid
      Reuters; AP  -  262 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      620 2 Shimmering with x number of car lots CAPITACOMMERCIAL Trust is joining hands with its sponsor CapitaLand to redevelop the historical Market Street Car Park for an estimated $1.4 billion. The new 245-metre building looks set to stand out. What is unclear though, is the number of parking lots
      620 words
    • Article, Illustration
      Lock icon Ex-CEO gets jail after court rules that he’s no whistleblower
      954 4  -  Ang Seng Thor will be behind bars for 12 weeks but will get $150,000 refund By GRACE LEONG [SINGAPORE] Public prosecutors yesterday succeeded in their appeal to Singapore’s Supreme Court to put former AEM-Evertech CEO Ang Seng Thor behind bars
      FILE PHOTO  -  954 words
    • Article
      Lock icon E-mail initiative bounces back on KL
      473 4  -  Malaysians deride RM50m project as unnecessary By in Kuala PAULINE NG in Kuala Lumpur MALAYSIA yesterday announced a handful of new investments in traditional sectors such as electrical electronics and oil gas under its Economic Transformation Programme (ETP), but it was a national e-mail
      473 words
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      333 3 I am known by name At a gentleman's tailor in Milan, my name is tacked to bespoke, charcoal grey suits The same table is always reserved in my name, at a 3 star Michelin restaurant in Hong Kong They know me by name at the Monaco marina, where I berth
      333 words
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      65 5 Asset Management Wealth Management Asset Services The past The future. We respect them equally. r r y T 7 •c KK»<4| IL. V x 4 f k s r ««swp MBKBanss rw. sv Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome
      65 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX Q3 earnings fall 10.2% to $67m
      478 6  -  Strong derivatives business number but slight boost in securities clearing By JAMIE LEE SINGAPORE Exchange (SGX) pulled in strong numbers from its derivatives business, but saw just a slight boost in its securities clearing the core of its business in its fiscal third
      REUTERS  -  478 words
    • Article
      Lock icon Keppel Land Q1 profit up 46% on sales surge
      423 6  -  By UMA SHANKARI KEPPEL Land reported a 46 per cent climb in first-quarter net profit to $92.1 million from $63.3 million a year ago as the group booked more revenue from homes sales in Singapore. Earnings were lifted by higher contributions
      423 words
    • Article
      Lock icon Will ThinkEnv find its pot of gold?
      996 6  -  HOCK LOCK SIEW By FELDA CHAY THE Think Environmental Company (TTEC) has been rather chameleonlike these past few years. In 2009, when green issues drew significant attention, it transformed itself from a maker of office equipment into a renewable energy firm. About a
      996 words
    • Article, Illustration
      Lock icon CCT’s distributable income for Q1 dips to $52.1m
      375 6  -  By EMILYN YAP CAPITACOMMERCIAL Trust (CCT) yesterday posted weaker results for the first quarter ended March 31 as the sale of Robinson Point and Starhub Centre last year, asset enhancement works at Six Battery Road, and negative rental reversions affected earnings. The
      375 words
    • Article, Illustration
      Lock icon Straits Asia Q1 net profit surges
      385 7  -  Earnings lifted by improved margins, higher selling prices and sales volumes By FELDA CHAY COAL miner Straits Asia Resources’ first-quarter net profit surged to US$41.36 million, 3.69 times that of US$11.2 million a year ago. This translates to earnings per share of 3.65 US
      FILE PHOTO  -  385 words
    • COMPANY BRIEFS
      • Article
        Lock icon Chasen unit bags RM5.13m project
        87 7 CHASEN Holdings said that wholly owned subsidiary, Towards Green Sdn Bhd, has bagged an engineering project management contract worth RM5.13 million (S$2.11 million) in Malaysia. The project was awarded by an international oil major operating in Port Dickson. The scope of Towards Green’s contract includes
        87 words
      • Article
        Lock icon CWT unit appoints new CEO
        96 7 CWT Ltd has announced the appointment of Jeremy Ang as the chief executive officer of its financial services arm Straits Financial Group. Straits offers commodity broking, clearing and risk management solutions. Mr Ang will be responsible for steering and growing Straits’ businesses globally. He will
        96 words
    • Article, Illustration
      Lock icon SingTel ups the ante with new gaming service
      415 9  -  It plans to win more fibre-optic broadband customers By WINSTON CHAI SINGAPORE Telecommunications (SingTel) is stepping up its game in a bid to snag more fibre-optic broadband customers with the launch of a new service that allows consumers to play the latest
      415 words
    • Article
      Lock icon Delong set to boost capacity via acquisitions
      292 9  -  By REBECCA LIU DELONG Holdings, a manufacturer of hot-rolled steel coils in China, plans to increase its production capacity through acquisitions. The company’s current capacity stands at 2.6 million tonnes and plans are afoot to increase this by one to three million tonnes
      292 words
    • Article
      Lock icon Analysts cut BRIC profit estimates as rates rise
      727 9 Bloomberg [LONDON] The longest rally in developing-nation stocks since 1997 may be ending as higher interest rates in Brazil, Russia, India and China (BRIC) curb earnings growth. For the first time in two years, emerging-market analysts are cutting profit estimates more than
      Bloomberg  -  727 words
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      324 7 NEW YORK UNIVERSITY H.H1K ffll LEONARD N. STERN D<Y^ SCHOOL OF BUSINESS <C.\M C 'v peg' sler N Master of Science in Global Finance jointly offered by The Hong Kong University of Science and Technology Business School and New York University Stern School of Business 1 -year part-time Master of
      324 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Europe’s rebound pares losses here
      623 8  -  ST Index’s 19-point fall at the close is in line with declines in other regional markets STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday dropped 19.01 points to 3,125.37 in response to Monday’s selling on Wall Street. The index’s loss was very much
      Source: Bloomberg  -  623 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Apr 19 VALUE CLOSE BT OB/OS -164.00 -36.00 BT CADI -*****.00 -70.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 767.27 -1.65 FTSE ST Small Cap 555.73 -2.18 FTSE ST All Share 770.19 -4.10 FTSE ST China Top 280.72 -0.42 FTSE ST China 305.40 -0.91 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME Genting SP 73,729,000 HPH Trust US$ 59,386,000 Golden Agri 35,858,000 Tuan Sing 35,583,000 Cosco Corp 35,106,000 Gallant 27,392,000 ChinaTaisan 26,417,000 AusGroup 23,584,000 Noble Grp 21,916,000 Dyna-Mac 20,404,000 VALUE($) Genting SP 156,304,900 OCBC Bk 109,424,400 Cosco Corp 79,807,060 HPH Trust US$ 68,679,890 Noble Grp 47,292,240 SGX 45,508,070
      61 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 38 56 79 3 6 8 41 62 87 Commerce 10 19 26 4 3 4 14 22 30 Tpt/Stor/Comms 13 18 15
      186 words
    • Article
      Lock icon Singapore Exchange
      216 8  -  April 19 close: $7.95 CIMB Research, April 19 BROKERS’ TAKE Compiled by CONRAD TAN SINGAPORE Exchange’s (SGX) core net profit for the three months to March 31 (Q3 FY2011) came in at $77.3 million, down 5.3 per cent q-o-q, excluding $12.0 million in SGX-ASX merger-related costs, offset by
      216 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 70,899 70,899 81,985 81,985 Manufacturing 207,223 12,407 219,630 188,692 976 189,667 Commerce 55,236 3,431 58,667 96,405 933 97,338 Tpt/Stor/Comms 173,044 5,469 178,513 282,577 499 283,077 Finance 27,154 4 27,158 245,466 1 245,467 Construction 26,552 90
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.800 -0.040 CapitaLand 3.370 -0.010 CapitaMall 1.870 +0.010 CityDev 11.480 -0.160 ComfortDelGro 1.530 DBS Grp 14.580 +0.020 F&N 6.250 -0.020 GLP 1.970 +0.010 Genting SP 2.130 +0.020 Golden Agri 0.690 -0.005 HK Land 7.090 -0.050 JMH 45.880 -0.620 JSH 27.500 -0.260
      111 words
    • Article, Illustration
      Lock icon Yen edges up as carry trade unwinds
      490 8 CURRENCIES Reuters [TOKYO] The yen edged higher in Asia yesterday as more market players cut back on carry trades, but the move will likely be short-lived as hedge funds and Japanese life insurers positioned for the yen to resume its slide before long.
      Reuters; AP  -  490 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP DBXT EONIA5US$ ***** 2493.8 11.3 GLD 10US$ ***** 141.0 0.8 DBXT S&P Short 10US$ 4307 44.9 0.8 DBXT MSTHAI 10US$ 1766 21.2 1.0 Asia Pac Brew 2380 18.0 0.8 Lyxor Malaysia 10US$ 965 17.5 1.5 Total Access 169 7.5 3.7 GrandBanks 38 5.0 15.2 Isetan
      109 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN IS S&P500 *****-273.2 -1.6 DBXT Nifty 10US$ *****-205.8 -1.3 DBXT SPASX200 10US$ 3640-170.9 -3.6 DBXT MSKorea 10US$ 6306 -77.4 -1.0 JMH 4588 -77.4 -1.3 Jardine C&C 3554 -64.0 -1.8 Lyxor MS India 10US$ 1679 -44.9 -2.1 DBXT FTVietnam 10US$ 3227 -38.7 -1.0 Pru 500US$ 1174
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      512 9 S5 ■v s» s£32Sl OVMi L£AM >< ESilffi US0®S £S"'v Br/a ggjflji 33fa- ,w#7 .sr E1j%»Il55 i "•»>» WW v.*v wv»» WW WW WW 525? Hi 2 r£ i (S3 esta S:B S3 sa s,a 35 f <-■ kiL. ■i "-1 0.9% P.A. INTEREST ON YOUR SAVINGS. 100% LUXURY IN
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon The challenge to stay relevant
      1417 10  -  CFO of the S’pore branch of UBS for the past 8 years, Robin Ong tells MICHELLE QUAH he has seen his function expand substantially A NEW ROLE MICHELLE QUAH THE fast-paced and round-the-clock nature of the financial services industry keeps its chief financial officers (CFOs)
      1,417 words
    • Article, Illustration
      Lock icon Spring to help boost retailers’ productivity
      364 10  -  Multi-pronged initiative will provide know-how to raise service and process excellence By WONG SU-JIN THE retail sector will be getting an $86 million productivity boost from Spring Singapore, Minister of State for Trade Industry and Manpower Lee Yi Shyan announced yesterday. The Retail Productivity
      FILE PHOTO  -  364 words
    • Article
      Lock icon Rising costs the biggest worry
      357 10  -  51% of accountants cite inflation as major threat: survey By NISHA RAMCHANDANI RISING inflation is the biggest threat facing businesses today with one in two accountants citing increasing operating costs as a major challenge, according to a survey by the global body for professional accountants.
      357 words
    • Article
      Lock icon NTU bags more than half of NRF proof-of-concept grants
      252 10  -  By MAXIE AW YEONG TWELVE research projects got one step closer to commercialisation yesterday after the National Research Foundation (NRF) awarded them proof-of-concept research grants. Seven of them are projects being developed by Nanyang Technological University (NTU) researchers. This comes to
      252 words
    • Article
      Lock icon 47 teams for 3D building modelling contest
      213 10 THE foundation of Singapore’s future built environment lies in the virtual world, if response to the first national 3D Building Information Modelling (BIM) competition is anything to go by. An overwhelming 47 teams, comprising a total of 136 students and professionals, will pit
      213 words
    • Article, Illustration
      Lock icon ICA unveils host of new checkpoint systems
      416 11  -  Facial recognition software, biometric fingerprint scanners could soon be regular features By MINDY TAN SOPHISTICATED facial recognition software and biometric fingerprint scanners could soon be a regular feature at immigration checkpoints here. Yesterday, the Immigration and Checkpoints Authority (ICA) unveiled a host of
      FILE PHOTO  -  416 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTUC FairPrice marks milestone with donation
        131 11 NTUC FairPrice celebrated its crossing of the 100-store mark with a donation of $10 million to FairPrice Foundation yesterday. Held at the grand opening of FairPrice’s 100th store, FairPrice Finest in Serangoon Village, the event was graced by Deputy Prime Minister and Minister for
        131 words
      • Article
        Lock icon INSEAD, Johns Hopkins set up dual degree
        102 11 LEADING international business school INSEAD and the Paul H Nitze School of Advanced International Studies (SAIS) of The Johns Hopkins University (JHU), a top international relations graduate school, announced an agreement to establish a Dual-Degree Programme yesterday. The new programme will allow students
        102 words
    • Article
      Lock icon PICTET FUNDS
      267 11 Pictet-Absl Rtn Glo Cons-P EUR 15.04.2011 EUR 100,73 Pictet-Absl Rtn Glo Div-P EUR 15.04.2011 EUR 114,11 Pictet-Asian Equities Ex Japan-P USD 15.04.2011 USD 190,03 Pictet-Asian Local Currency Debt-P USD 15.04.2011 USD 141,35 Pictet-Biotech-P USD 15.04.2011 USD 326,56 Pictet-CHF Liquidity-P 15.04.2011 CHF 124,19 Pictet-Clean Energy-P USD 15.04.2011 USD 83,22
      267 words
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  • ECONOMY WATCH
    • Article
      Lock icon Slow debt collection hinders trade across the European Union
      478 12 Businesses need to negotiate the bloc’s 27 national legal systems NYT [ZARAGOZA, Spain] In 2001, an agricultural cooperative here was supplying truckloads of wheat to an Italian pasta maker. At first, no one at the Spanish co-op, Arento, was much alarmed
      NYT  -  478 words
    • Article
      Lock icon Brazil land ownership curbs put off investors
      219 12 Reuters [SAO PAULO] International investors have suspended at least US$15 billion in Brazilian farming and forestry projects since August, when the government put limits on land buying by foreigners, analysts said on Monday. Brazil is one of the largest producers of food and
      Reuters  -  219 words
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      1798 12 Land eppel Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2011 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the first quarter ended 31 March 2011: First Quarter
      1,798 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Court decision next week on EON Capital lawsuit
      620 13  -  Final takeover price could be up to RM8 each against RM7.03 close yesterday By in Kuala S JAYASANKARAN in Kuala Lumpur CLOSURE may finally come to Hong Leong Bank’s (HLB) protracted RM5.2 billion (S$2.1 billion) takeover of EON Capital after a judge
      BLOOMBERG FILE PHOTO  -  620 words
    • Article
      Lock icon Freeport Indonesia halts mining after accident
      257 13 Bloomberg [JAKARTA] The Indonesian unit of Freeport-McMoran Copper Gold Inc stopped underground mining at its Grasberg mine in Papua province after an “industrial accident” killed one worker and another remains missing, a spokesman said. The accident happened at about 11 pm local time on
      Bloomberg  -  257 words
    • Article
      Lock icon Petronas sells its stake in Cairn India: report
      312 13 Vedanta, which aims to take over Indian firm, is major buyer AFP [MUMBAI] Malaysia’s Petronas sold yesterday its near 15 per cent stake in Cairn India most of it to British resources giant Vedanta which aims to take control of the Indian
      AFP  -  312 words
    • Article
      Lock icon Consortium to invest RM9.6b in Sabah resort
      265 13 Bloomberg [KUALA LUMPUR] A group led by Malaysian gaming tycoon Chen Lip Keong plans to invest RM9.6 billion (S$4 billion) on a beachfront tourism project in the country’s eastern Sabah state, creating more than 11,000 jobs. The Karambunai Integrated Resort City will include
      Bloomberg  -  265 words
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      194 13 RETAIL BANKING CORPORATE INVESTMENT BANKING SPECIALISED FINANCIAL SERVICES INSURANCE PRIVATE BANKING GLOBAL INVESTMENT MANAGEMENT SERVICES ONE BANK. 32 MILLION CLIENTS ONE TEAM SPIRIT. UNIVERSAL BANK 9 s a s SOCIETE CENERALE Societe Generale is a credit institution and an investment services provider (entitled to perform any banking activity and/or to
      194 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon FDI in China rises 33% in March on fast growth
      559 14 Investment surge could add pressure on Beijing to let yuan appreciate more Bloomberg [TAIPEI] Foreign direct investment (FDI) in China surged 33 per cent in March from a year earlier as rising inflation and interest rates failed to dampen overseas
      Bloomberg  -  559 words
    • Article, Illustration
      Lock icon Normal rains seen in official forecast
      650 14 Good monsoon will help govt battle in key state elections Reuters [NEW DELHI] India’s first official forecast for the 2011 monsoon yesterday is likely to match other outlooks for normal rains, which if met would bring relief to Asia’s third largest economy in its
      Reuters; REUTERS  -  650 words
    • Article
      Lock icon Indian police shoot at mob in anti-nuclear power protest
      325 14 AFP [MUMBAI] Indian police opened fire on hundreds of protesters killing one at a demonstration against the proposed construction of a nuclear power station, police and the government said on Monday. Maharashtra police inspector general Gulabrao Pol said officers were left
      AFP  -  325 words
    • Article
      Lock icon HK’s Q1 jobless rate at lowest level since Sept ‘08
      221 14 Bloomberg [HONG KONG] Hong Kong’s unemployment rate fell to the lowest level since September 2008, encouraging consumer spending and aiding the city’s economic expansion. The jobless rate for the three months through March was 3.4 per cent, the government said
      Bloomberg  -  221 words
    • Article, Illustration
      Lock icon Forex reserves in China overgrown, says governor
      606 14 Bloomberg [BEIJING] China’s for-eign-exchange reserves have exceeded a “reasonable” level and the management and diversification of the holdings should be improved, central bank Governor Zhou Xiaochuan said. Increases in the holdings, which topped US$3 trillion in March, are putting pressure on cen-tral-bank operations
      Bloomberg  -  606 words
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  • WORLD
    • Article, Illustration
      Lock icon Total meltdown can be averted, says Japan
      587 15  -  Untested moves to keep nuclear fuels cool pose new hazards: observers By ANTHONY ROWLEY in Tokyo JAPAN’S crippled Fukushima nuclear power plant should be able to avoid a total meltdown if reactor fuel rods can continue to be kept cool, Chief Cabinet Secretary
      587 words
    • Article
      Lock icon Samsung sued for ‘copying’ iPhone, iPad
      315 15 Reuters AFP [SAN FRANCISCO] Apple Inc has sued Samsung Electronics, claiming that the South Korean firm’s Galaxy line of mobile phones and tablets “slavishly” copies the iPhone and iPad, according to court papers, a move analysts say is aimed at keeping its close rivals
      Reuters; AFP  -  315 words
    • Article
      Lock icon Keeping lid on inflation a big job for Australia
      495 15 RBA paints upbeat outlook for local, global economies Reuters [SYDNEY] Australia’s central bank said that a major challenge for the economy was whether it could keep inflation in check as an investment boom in the mining sector gathered pace, a central
      Reuters  -  495 words
    • Article, Illustration
      Lock icon Housing market gets a boost
      439 16 Construction of new homes rises 7.2% in March to 6-month high LATEST US DATA AP [WASHINGTON] Builders broke ground last month on the most new homes in six months, giving the weak housing market a slight boost at the start of the spring buying season.
      AP; BLOOMBERG FILE PHOTO  -  439 words
    • Article
      Lock icon Nasdaq, ICE offer NYSE US$350m if bid fails
      379 16 Bloomberg [NEW YORK] Nasdaq OMX Group Inc and IntercontinentalExchange Inc said that they are willing to pay NYSE Euronext US$350 million if antitrust authorities block their proposed takeover, an offer they say is now based on “fully committed financing” of US$3.8 billion.
      Bloomberg  -  379 words
    • Article
      Lock icon EU denies Greek restructuring reports, markets wary
      333 16 Reuters [ATHENS] The European Commission denied yesterday a report that Greece had accepted restructuring its debt was inevitable but market fears were undimmed and Athens paid more to sell short-term paper. Financial markets are increasingly convinced Greece will have to renegotiate the terms
      Reuters  -  333 words
    • Article
      Lock icon Goldman profit tops forecasts, shares climb
      266 16 Results may help calm fears about trading business Reuters [NEW YORK] Goldman Sachs Group posted strong-er-than-expected quarterly profit, earning more money from bond trading than analysts had forecast. The results helped assuage investor concerns that the bank’s trading business was doomed to post lacklustre
      Reuters  -  266 words
    • Article
      Lock icon Eurozone price rise in April is fastest in 3 yrs
      430 17 Growth in services sector slowed a bit but factories ramped up production Reuters [LONDON] Growth in the euro zone services sector slowed slightly this month but factories ramped up production as prices rose at the fastest monthly rate in three
      Reuters  -  430 words
    • Article
      Lock icon Syrian protests spread amid crackdown
      467 17 Analysts say harsh govt response is feeding public ire AFP [CAIRO] The protest movement in Syria has spread both in scope and intensity, despite attempts by President Bashar al-Assad to stem the tide by speeding up reforms, said analysts. Geographically, pro-re-form demonstrations have spread across
      AFP  -  467 words
    • Article
      Lock icon Banks accused of controlling Libor rates
      311 17 BOA, JPMorgan, Barclays, HSBC, Citibank and Credit Suisse were mentioned Bloomberg [WILMINGTON, Delaware] Three European asset management firms accused banks including Bank of America Corp, JPMorgan Chase Co, HSBC Holdings Plc, Barclays Bank Plc, Citibank NA and Credit Suisse Group AG of conspiring to
      Bloomberg  -  311 words
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      267 16 V IC uMy ONE Million JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg WINE DINE AND HOSPITALITY swissotel THE STAMFORD SINGAPORE Secretaries Week e Swissotel SECRETARIES WEEK FORGETTING IT CAN CAUSE MORE TROUBLE THAN FORGETTING MOTHER'S DAY Remember to send your Secretary for lunch at Swissotel
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      66 16 Reach mn Serious Gourmets In This Targeted Space Enjoy special advertisement rates this dedicated culinary environment. Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred Lee 6319 2045 *****480
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      390 17 r WINE DINE AND HOSPITALITY AN EASTER EGG-TRAVAGANZA Gather the whole family in Spring for an egg-citing Easter! Indulge in a buffet feast of Easter Eggs, Live Honey Smoked Ham, Boston Lobsters and so much more. Keep the young ones busy at the chocolate egg-painting station, with daily prizes to
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asia must brace for war on inflation
      478 18 EDITORIAL ACROSS Asia, including Singapore, the rising cost of living is emerging as a hot-button issue, the ripple effects of which could extend far beyond Asia itself. Here in Singapore, the Ministry of Trade and Industry (MTI) has revised up its inflation forecast
      478 words
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      Lock icon China attack on US ‘human rights’ is just a red herring
      753 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter@FrankChing1 IT has become a ritual that, each year, after the US State Department publishes its report on human rights practices around
      753 words
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      Lock icon Indonesia coal producer paints bullish picture
      1031 18  -  On a door-to-door basis, Indonesia is a closer supply source to Asian markets than say Australia RONNIE LIM Energy Editor ‘OLD king” coal especially in its reincarnation as new “green” coal is seeing a renaissance. Not only do coal producers, such as Indonesia’s Bayan
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      Lock icon Stirring Congress to act as one
      1040 19  -  S&P admonishes Washington but Moody’s cautious optimism makes more sense LEON HADAR Washington Correspondent THE decision by the credit rating agency Standard Poor’s to lower the outlook on the US credit to “negative” has been sending shockwaves across Wall Street and Washington. While the
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      Lock icon Reality check on the US
      390 19  -  By AGNES T CRANE, RICHARD BEALES REUTERS BREAKINGVIEWS STANDARD Poor’s (S&P) has taken its share of flak in recent years. But at least the credit rating firm isn’t too shy to state the much-needed obvious on America’s debt situation. S&P’s shift on Monday to a
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      Lock icon Tap that mobile mania in Asia
      983 19  -  By NAVEEN TEWARI The writer is founder and CEO, InMobi THE eyes of the world are firmly fixed on Asia, now that its twin giants China and India have begun to flex their economic muscle. All over the world, businesses are turning away from
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  • TransportHUB
    • Article
      Lock icon Going clean and green
      969 20  -  MPA’s three programmes in its new environment-friendly initiative are likely to have a significant effect STRAIT TALK By DAVID HUGHES LAST week, the Maritime and Port Authority of Singapore (MPA) launched a comprehensive package to promote environ-ment-friendly shipping. Now, before we go any further I would
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      Lock icon Jakarta says Somalia will help free hostages
      166 20 Xinhua [JAKARTA] Somali Foreign Minister Abdullahi Omar Arsharq said that his government was committed to helping the Indonesian government release its citizens taken hostage by Somali pirates, according to a statement yesterday. The statement was made by the Indonesian Foreign Ministry as the
      Xinhua  -  166 words
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      Lock icon China Shipping expands Los Angeles terminal
      344 20 US$47.6m project allows berthing of 2 ships simultaneously [LOS ANGELES] China Shipping on Monday announced the completion of a major phase of its terminal expansion project at the Port of Los Angeles. “We take great pride in the growth and success we’ve experienced at
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      Lock icon Chinese soya buyers cancel cargoes, defer shipment
      251 20 Reuters [BEIJING] Chinese soyabean buyers have cancelled 6-8 soyabean cargoes since April for delivery in June to July and have deferred about 20 cargoes for July to September shipment, an official think tank said in a report yesterday. Buyers may defer more cargoes
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      Lock icon Ships trickle back to Japan’s quake-hit ports
      221 20 Reuters [SINGAPORE] Ships are starting to flow back to Japan’s quake-damaged ports, the country’s transport ministry said yesterday, despite the lingering nuclear crisis. An average of 15 vessels per day was docking at 14 major ports in Japan’s northeast as operations ramped up
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      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Apr 19 S$ +/-Vol CH Offshore 0.45 -0.01 2 Chuan Hup Hldg 0.23 -0.01 67 Cosco Corp 2.32 0.03 ***** CWT Ltd 1.38 0.03 2146 Ezra Hldgs 1.71 0.01 2577 First Ship Lea 0.41 unch 238 Freight Links 0.07 -0.01 318 Grand Banks 0.38 0.05 9
      278 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Growth in premium air travel slows to 7.7%
        595 21  -  Higher fuel prices, turmoil in Middle-East dampen demand in Feb: Iata By VEN SREENIVASAN RISING fuel prices and turmoil in the Middle East-North Africa region dampened air travel demand in February, though robust global economic growth enabled premium traffic growth to hold
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        Lock icon Air Lease raises US$802.5m in expanded IPO
        400 21 Bloomberg [SEATTLE] Air Lease Corp, the jet-leasing company led by Steven Udvar-Hazy, raised US$802.5 million in the industry’s largest US initial public offering after increasing the number of shares 21 per cent. The Los Angeles-based company sold 30.3 million shares at US$26.50 each
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      • Article
        Lock icon Air traffic controller suspended for watching movie on the job
        421 21 Incident adds to FAA woes over 5 cases of sleepy controllers AP [WASHINGTON] An air traffic controller has been suspended for watching a movie when he was supposed to be monitoring aircraft, deepening the Federal Aviation Administration’s embarrassment following at
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        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3305 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 --BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 LH9770 2350 --SQ279 2350 VS7279 2350 Ahmedabad NH6293
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        Lock icon Qantas ups fuel charge for 3rd time this year
        584 21 Reuters [SYDNEY] Australia’s Qantas Airways has raised fuel surcharges on international routes for the third time this year in response to surging oil prices, adding A$100 (S$130) to the cost of one-way fares from Australia to Europe and North America. The
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Carmakers in China investment drive
        645 22 Fair showcasing 75 new car models, 19 of them making world premieres SHANGHAI AUTO SHOW AFP [SHANGHAI] Foreign and Chinese carmakers yesterday unveiled plans to ratchet up investment and introduce new models in China as Shanghai’s auto show opened with all eyes on the world’s
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      • Article
        Lock icon Honda to build electric cars in China from 2012
        388 22 Bloomberg [TOKYO] Honda Motor Co, Japan’s third largest carmaker, plans to build electric cars in China from 2012 as part of a plan to raise sales by 10 per cent a year. Honda also plans to eventually make hybrids in China,
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        Lock icon Toyota may fail to meet China sales target
        340 22 Bloomberg [TOKYO] Toyota Motor Corp, the carmaker most affected by Japan’s record earthquake last month, may not be able to meet its China sales target of over 900,000 vehicles this year due to the impact of the disaster. Toyota, the world’s biggest
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      • Article
        Lock icon AIG to sell rail-car leasing unit valued at US$600m
        383 22 Bloomberg [NEW YORK] American International Group Inc, the insurer rescued by the U.S. government, agreed to sell a rail-car leasing unit to Perella Weinberg Partners LP, the two companies said on Monday in a joint statement. The deal values the business
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      • Article
        Lock icon Sales double for Japanese bicycle retailer Asahi
        601 22 Commuters switch to bikes after quake shuts Tokyo subway system Bloomberg [TOKYO] Tokyo residents haunted by the memory of how the March 11 earthquake shut the world’s busiest subway system are returning to bicycle travel, doubling the sales of retailer Asahi Co in
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      41 20 Tuckinto CEOTHEGREAT outkoocCHARITY Feast on dum briyani cooked by Mr Mohamed Ismail, CEO and co-founder P&N Holdings Feel good because all proceeds go to charity When: Friday (7-10pm) Where: Food Republic Beer Garden at St James Power Station the new paper
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      95 20 SINGAPORE'S NO. 1 MEN'S MAGAZINE! ESGUIDET0RUNNING2011 00% PACK ON MUSCLEI AND BURN 37% MOREH FAT IN 4 WEEKS WHYYOUR I COUGH CAN KILL PG 74 liwiignna 1 mm EASY WAYS TO LIVE R LONGER& HEALTHIER SINGAPORE BUY SOME HAPPINESS COOL GADGETS TO HALVE YOUR STRESS LOCK 6-PA SY m MAY
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      16 20 Call 1800 289 8822 I ore-mail notices@sph.com.sg to publicise your Financial j Statements S 1 of
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  • Page 21 Miscellaneous
    • Miscellaneous
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      336 21 CRYPTIC CROSSWORD Across 1 Politician well-chosen, a Tory maintains (7) 5 Clutched top of glass, extremely drunk (7) 9 Most men ordered seconds (7) 10 Doctor offers to bandage first of the stabs (7) 11 A conservationist seizes me time for sympathy (9) 12 Temporarily stopping? Pa’s abandoned exercising (5)
      336 words
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      366 22 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR GATEWAY SINGAPORE PTE LTD (f.k.a. Gateway 2000 Singapore Pte Ltd) (Co. Reg. No.*****1449K) (In Provisional Liquidation) (Incorporated in the Republic of Singapore) Take notice that Mr. Lim Yeong Seng, CPA, Approved Liquidator of Kong, Lim Partners,13AMackenzieRoad,Singapore *****6 has been appointed provisional liquidator of the
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      311 22 PT BERLIAN LAJU TANKER Tbk Having registered office in Jakarta, Indonesia (“Company”) ANNOUNCEMENT TO ALLTHE SHAREHOLDERS With regards to the Annual General Meeting of Shareholders (“AGMS”) Announcement that was published in Bisnis Indonesia, Investor Daily, Jakarta Globe, and Business Times (Singapore) on 5 April 2011, the Board of Directors of
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8428 23 Transaction date: Apr 19 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 16.5 17.5 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7.5cd unch 23 7.5 7.5 7 7.5
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      Lock icon SGX CATALIST
      1556 24 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 4 5 19 3.9 225 145 t APStrategic 170 160 175 100.9 1.5 0.5 t Advanced System 0.5
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      Lock icon UNIT TRUSTS & FUNDS
      9760 24 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.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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      Lock icon GLOBALQUOTE
      232 24 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 ***** 43 42.5 43 43.5 2831.3 21 10 Over&Gen A14
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      Lock icon SGX ETF
      819 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.1 +1.1 40 112 110 111.1 113.5 507.2 1075 761 CIMBAsean40 100US$ US1050 996 1050 42 350 270 DBS STI
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Apr 18 Index Change Change Change Change Change Change World Index Preliminary 907.3 -1.5 1.1 -1.4 0.1 -1.8 2.6 EAFE Preliminary 789.9 -1.5 -1.4 -1.6 -0.8 -2.1 1.7 Europe Preliminary 1167.7 -2.1
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    • Article
      Lock icon INTERBANK RATES
      178 25 Apr 19 Apr $S Offer Bid 0vernight 1/8 1/16 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.23 0.13 1 month 0.33 0.23 2 months 0.38 0.28 3 months 0.43 0.32 6 months 0.52 0.42 9 months 0.75 0.55
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Apr 19 S$ Bid Offer 1-month 1.2474 1.2485 2-months 1.2474 1.2484 3-months 1.2473 1.2484 6-months 1.2470 1.2480 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 Apr 19 As at 9am Source: United Overseas Bank Limited Co. Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.352 1.276 Can dollar 1.318 1.268 Euro 1.81 1.741 Sterling pound 2.068 1.989 NZ dollar 1.01 0.962 US dollar 1.266 1.218 Local
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 25 Apr 19 Open High Sett STI Apr 3114 SIMSCI Apr 369.1 369.6 368.1 Taiwan Apr 307.0 307.2 303.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 25 Apr 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3262 3310 3310 3262 1224 8725 Jun 11 3272 3277 3277 3230 3020 ***** Jul 11 3257 3255 3259 3212 ***** ***** Aug 11 3249 3250
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      463 25 Apr 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6950 0 1656 Sep11 99.6250 0 3257 Dec11 99.5100 0 1883 Mar12 99.3300 0 5276 EUROYEN TIBOR FUTURES Jun11 99.6725 0 5402 Sep11 99.6700 100 1533 Dec11 99.6625 0 1991 Mar12 99.6550 99.6550 99.6550 99.6450 0
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    • Article
      Lock icon SICOM FUTURES
      133 25 Apr 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 581.9 576.0 576.0 7 Jun 11 554.8 Jul 11 546.3 Aug 11 541.0 Sep 11 533.3 20 Oct 11 530.0 Nov 11 530.0 Dec 11 530.0 Jan
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      Lock icon GOVERNMENT SECURITIES
      83 25 Apr 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 21.07.2011 0.24 0.20 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 102.25 102.32 102.27 5-Year N*****0W 1.125 01.04.2016 100.03
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    • Article
      Lock icon CHICAGO BOT
      107 25 Apr 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1344.25 1331.75 1350.50 1320.75 Jul 11 1355.75 1343.25 1361.75 1332.00 Aug 11 1356.75 1344.50 1362.25 1334.50 Sep 11 1352.75 1342.25 1358.00 1333.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 57.39
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Apr 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 121.28 -2.52 WTI (Near Mth) 107.37 -2.19 Dubai (1-Mth F) 115.70 0.79 Tapis blend 130.25 0.63 Minas 126.65 0.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 116.17 1.00 Jet Kerosene 138.60 0.80 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2671 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 22 -0.5 165 1 10 -12 1.66 55 Asia-Pacific Strategic W*****6 24 1 150 2 7.08 37 ASJ Hldgs W*****1 1.5 1 4 22 3.00 10 AlliedTech W*****2
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      Lock icon INTERBANK CROSS RATES
      464 25 Apr 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.839 0.735 8.146 46.610 90.955 0.864 11.403 3.168 1.332 88.411 45.363 1.307 7.173 0.939 30.465 31.504 0.644 1.047 Canada 0.990 6.774
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    • Article
      Lock icon SIBOR
      85 25 Apr 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      137 25 Apr 19 GOLD (US$/oz) Apr 18 Apr 19 Hong Kong 1486.70 1493.00 Apr 15 Apr 18 London 1483.50 1491.67 1484.25 1492.44 Source: Thomson Reuters CAST BAR Apr 19 (S$) Selling Buying Kilobar 64,144.36 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 408 299 10gm 729
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    • Article
      Lock icon LONDON METALS
      70 25 Apr 18 Apr Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2655.75 2674.50 3 months 2674.00 2694.00 Copper, Grade A (US$/tonne) Cash 9203.50 9384.25 3 months 9225.00 9405.00 Lead (US$/tonne) Cash 2592.00 2714.75 3 months 2528.00 2651.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon LIFFE
      82 25 Apr 18 COCOA (£/tonne) Close Prev High/Low May 11 1927 1972 1991/1924 Jul 11 1931 1979 1996/1925 Sep 11 1948 1993 2007/1945 Dec 11 1964 2010 2025/1961 COFFEE (US$/tonne) Close Pev High/Low May 11 2414 2462 2480/2400 Jul 11 2425 2468 2486/2406 Sep 11 2443 2486 2502/2430 Nov 11
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Apr 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3060 1.3077 1.0469 1.0474 Canadian dollar 1.2937 1.2951 1.0370 1.0373 Euro 1.7777 1.7799 1.4250 1.4256 NZ dollar 0.9808 0.9819 0.7862 0.7865 Sterling pound 2.0294 2.0314 1.6268 1.6271
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  • Article
    Lock icon SHIPPING TIMES
    5382 26 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
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      280 27 BUZZ SWIRE SHIPPING SERVICE ENHANCEMENT SOUTH EAST ASIA TO PORT MORESBY SWIRE SHIPPING has announced a major upgrade to its service coverage from South East Asia to Papua New Guinea with the deployment in late April of an additional 1,100 TEU vessel (approx. deadweight 13,600 tonnes) to its existing shuttle
      280 words
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      18 27 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, Can they find your services here in the Shipping Times?
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      445 28 LION GLOBAL INVESTORS Our expertise has gained wide recognition because as Asians, we know Asia best THE EDGE I UPPER FUND AWARDS 2011 LionGlobal China Growth Fund (Equity Greater China) Best Fund over 10 Years LionGlobal Japan Growth Fund (Equity Japan) Best Fund over 10 Years LionGlobal Singapore Trust Fund
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  • executive Money
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      Lock icon Don’t follow the herd
      1330 28  -  Start by being intellectually honest and transparent. JAMES CHENG The writer is managing director and senior portfolio manager, Morgan Stanley Investment Management (MSIM) I RECENTLY had dinner with three portfolio manager friends whom I have known since I started my career. Collectively with over 100 years
      REUTERS  -  1,330 words
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      Lock icon Wall Street climbs a wall of worry
      1119 29 Anxiety about the US market is profound despite stock market’s 80% rise since March 2009, one of the greatest bull runs in history NYT THE stock market has been climbing a wall of worry that’s an old Wall Street adage, and it has
      NYT; AP  -  1,119 words
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      Lock icon Hybrid funds get record cash
      1345 30 US$18.6b injection last quarter shows that investors are starting to return to equities Bloomberg MORE money than ever is flowing to mutual funds that buy both stocks and bonds, a sign that individuals are starting to return to equities during the most volatile bull market
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      Lock icon Aussie rides commodity boom
      1349 31 Royal Bank of Scotland Group says that the Australian dollar may jump 4% against the US dollar by the end of September Bloomberg FROM coal to iron ore, soaring commodity prices are paving the way for the Australian dollar to rebound from its worst first quarter
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      Lock icon New fund bullish on most except bonds
      839 32  -  Here since last November, the AHL Trend fund sees inflows at about $2m a week. By GENEVIEVE CUA THE only retail fund trading in managed futures Man Investment’s Man AHL Trend Fund currently has long positions on almost all asset classes except bonds.
      STOCK.XCHNG  -  839 words
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      82 29 Conservation Home at Cairnhill For Sale By Tender Beautiful conservation home near Orchard Road Freehold Land area: approx. 2,562 sq ft Floor area: approx. 4,000 sq ft 21/2 storey terrace, 5+1 room, 2 car lots Potential for rear extension Vacant possession Rare and excellent investment opportunity Tender Closing: 10 May
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      578 29 SINGAPORE'S ECONOMY IS IN THE FAST LANE. YOU NEED THE RIGHT VEHICLE FOR THE JOURNEY. ■I The Singapore economy has been growing at a fast pace. Can your investments keep up? The SPDR® Straits Times Index ETF (STTF), formerly named the streetTRACKS STI Fund, is uniquely poised to capture the
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      278 30 ASSET CLASS GROUP AWARDS AWARD/CATEGORY Franklin Templeton Investments Best Group over 3 Years/ Mixed Assets EQUITY AWARD/CATEGORY Franklin European Growth Fund Best Fund over 5 Years/ Equity Europe Franklin European Small-Mid Cap Growth Fund Best Fund over 3 Years/ Best Fund over 5 Years/ Equity Europe Small and Mid Caps
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      93 30 JJ ±1 XI FT y lie il Sup Title Natas Travel 2011 Spring Sensations Holiday Fiesta Travel Malaysia May 2011 Value Vacations Natas Holidays 2011 Autumn Delights Travel Malaysia Nov 2011 Hnliriav Escapades IstshzbT Feb 24 25 Mar 22 24 Apr 12 14 May 13 14 (New) Jul 12 14
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      557 31 JEREMY RATNAM 8 HOSTING BY THE MARRIED MEN CATCH THE 2010 FF CHAMPION IN ACTION, LIVE IN THE STREET. Orchard Road I 24 April 2011 I 4-6pm I Free Admission 1MIMI OFRCIAL RADIO STATION: Gold x>> Stocks Bonds F Gold Commodities FX Crosses FX Options Bonds ETCs CFDs $$?raCFDs Bonds
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      44 31 HEALTH IS WEALTH Indians in Singapore pay more attention to this saying now... and that’s a healthy sign GO WEST... IF YOU’RE LOOKING FOR PROPERTY GETYOUR COPYTOMORROW FROMALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST) GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      120 32 Investment O MARKETS get thinking FX/CFD trading Trade global stock indices on tight spreads and no commission, 24 hours a day. Take a view on the direction of an index: go long or short. Avoid currency conversions by trading SGD-denominated CFDs with Singapore's No.1 for CFD Customer Satisfaction. Full, mini
      120 words