The Business Times, 11 May 2011

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Microfilm: NL31341
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, May 11,2011
    23 words
  • Article
    Lock icon Commodities get silver lining, but bets are on
    909 1  -  Sector rebounds, but speculators behind some of the hype By FELDA CHAY [SINGAPORE] Fears that the commodity bull run has come to an abrupt end after prices tumbled last week seem to have been quelled, with a strong rebound over the past
    909 words
  • Article, Illustration
    Lock icon A problem parks itself in the business district
    685 1  -  Redevelopment of Market Street Car Park spells shortage of parking lots for neighbours By EMILYN YAP [SINGAPORE] The impending redevelopment of Market Street Car Park (MSCP) into an office tower at a time when parking lots have become a scarce commodity in
    FILE PHOTO  -  685 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 G ST INDEX 3,156.26 (+19.32) G ST INDEX FUTURES 3,149 (+20) G SIMSCI 370.12 (+2.56) G SIMSCI FUTURES 369.30 (+3.20) FOREX US$ S$ US$ (S$ per US$) 1.233 (US$/S$ per 1.637 2.019 EURO (US$/S$/E) 1.434 1.768 Foreign currency per US$ S$ YEN 80.80 65.50 RM 2.993 2.427 HK$
    143 words
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      40 1 NEW CHIEF Asian leads UBS’s charge into Asia PAGE 4 TransportHUB STRAIT TALK Shipping’s worsening safety record I PAGE 21 Peugeot to export cars from Malaysian plant I PAGE 23 Ferrari FF completes marque’s range of models I PAGE 23
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      13 1 COMMENTARY ‘First Pacific’ president stuck in the Middle East PAGE 24 *****1 *****4
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      155 1 BANKING OCBC world’s strongest bank PAGE 4 Best Boutique Private Bank in Asia 2010 Awarded by THE^JiSCt Best Private Bank in Switzerland 2010 Best Private Bank Strategy for Growth 2010 Awarded by the Financial Times publications PlLim and TheBanker Eduardo Fagliano, who comes from a long line of polo bootmakers,
      155 words
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      8 1 EXECUTIVE MONEY Tech funds see rebound PAGE 32
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      584 2 A problem parks itself in the business district THE impending redevelopment of Market Street Car Park into an office tower at a time when parking lots have become a scarce commodity in the central business district appears to have triggered concerns from some building owners in the vicinity.
      584 words
    • Article
      Lock icon PowerSeraya in first deal to export electricity to M’sia
      527 2  -  Month’s supplies to Tenaga could open door to future exports and imports By RONNIE LIM [SINGAPORE] The first commercial deal for cross-bor-der electricity sales has been struck, involving Singapore’s second largest genco PowerSeraya supplying power to Tenaga Nasional, Malaysia’s largest electricity
      527 words
    • Article, Illustration
      Lock icon George Yeo to leave political scene
      878 2  -  By LEE U-WEN [SINGAPORE] A little over seven months ago, the Ministry of Foreign Affairs (MFA) lost its senior minister of state, Balaji Sadasivan, to cancer. Soon, it will bid a reluctant farewell to its minister, George Yeo, and its other senior minister of
      878 words
    • Article
      Lock icon PAP will take a hard look at itself: Yeo
      744 2  -  By TEH SHI NING [SINGAPORE] Transformation of the People’s Action Party (PAP) goes beyond addressing people’s resentment to facing global forces under which “old methods of democracy” may no longer work well, says outgoing Foreign Minister George Yeo. He fielded numerous
      744 words
    • Article
      Lock icon OCBC is Bloomberg’s World’s Strongest Bank
      867 4 DBS is 5th, UOB is 6th in ranking of lenders with at least US$100b in assets Bloomberg [NEW YORK] Ask David Conner, chief executive officer of Singapore’s OCBC Bank, what makes a world-class bank and he smiles and tells the story of how he
      Bloomberg  -  867 words
    • Article
      Lock icon Microsoft agrees to buy Skype for US$8.5b
      502 4 AP [NEW YORK] Microsoft Corp said yesterday that it has agreed to buy the popular Internet telephone service Skype SAfor US$8.5 billion in the biggest deal in the software maker’s 36-year history. Buying Skype gives Microsoft access to a user base of about
      AP  -  502 words
    • Article
      Lock icon PICTET FUNDS
      267 4 Pictet-Absl Rtn Glo Cons-P EUR 06.05.2011 EUR 101,42 Pictet-Absl Rtn Glo Div-P EUR 06.05.2011 EUR 115,41 Pictet-Asian Equities Ex Japan-P USD 06.05.2011 USD 188,07 Pictet-Asian Local Currency Debt-P USD 06.05.2011 USD 142,56 Pictet-Biotech-P USD 06.05.2011 USD 324,63 Pictet-CHF Liquidity-P 06.05.2011 CHF 124,19 Pictet-Clean Energy-P USD 06.05.2011 USD 81,96
      267 words
    • Article, Illustration
      Lock icon Citi's Indonesian blues
      383 4  -  By JOHN FOLEY REUTERS BREAKINGVIEWS CITIBANK has been made an example of in Indonesia. Yet while the US lender can rightly feel aggrieved by the severity of its punishment at the hands of the regulator, it is unlikely to complain much. In rapidly growing emerging markets, rough
      REUTERS  -  383 words
    • Article, Illustration
      Lock icon An Asian leads UBS’s charge into Asia
      1164 4  -  By in SHU-CHING JEAN CHEN in Hong Kong IN the depths of the financial crisis when Asia’s prospects were clouded by uncertainties, a new leadership at UBS in Zurich led by group CEO Oswald J Gruebel identified Asia as its engine of growth.
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      468 2 Foreign Exchange Risk Management Date 16 17 June 2011 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from the same organisation: Enjoy 5% discount fro two or three
      468 words
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      194 3 www.vw. com. sg If you've just bought a sedan without a DSG automatic gearbox DO NOT READ THIS AD. V m I New Passat with 7-speed DSG. How an executive sedan should be. The all new Passat has all the features you'd expect from a beautifully designed, German-engineered sedan, and
      194 words
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      247 4 Henkel) Excellence is our Passion Ongoing price inflation on raw materials Henkel announces Price Increase for Adhesive Technologies Against the background of rising raw material costs, and with immediate effect, Henkel is implementing a price increase for its adhesives business. Increase amounts will vary based on market segment and technology.
      247 words
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      18 4 Call 1800 289 8822 or e-mail notices@sph.com.sg i I to place your Apology Notices MATS I NOTICES 3j
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SIAEC unveils generous payout
      550 5  -  Q4 net profit falls 17.6% in absence of disposal gain; full year earnings up 9.5% By VEN SREENIVASAN DESPITE a 17.6 per cent fall in fourth-quarter earnings to $61 million, a figure which was distorted by an asset sale last year, SIA Engin ee ring Company
      BLOOMBERG FILE PHOTO  -  550 words
    • Article
      Lock icon Fuxing keen on TDRs, names SinoPac as adviser
      313 5  -  By LYNETTE KHOO FUXING China Group has become the latest S-chip to announce its intention to launch Taiwan Depository Receipts (TDRs) and has appointed SinoPac Securities Corp as financial adviser. Fuxing said the proposed TDR listing “may provide a different perspective to
      313 words
    • Article, Illustration
      Lock icon Bintang acquisition helps lift APB Q2 profit
      302 5  -  By JOYCE HOOI ASIA Pacific Breweries (APB) posted a 5 per cent increase in net profit for its January-March 2011 second quarter, from $64.7 million to $67.9 million. Revenue for the quarter was up 10.7 per cent from $607.2 million to about $672
      FILE PHOTO  -  302 words
    • Article
      Lock icon M&A outlook stronger now from a year ago: E&Y
      449 5  -  By LYNETTE KHOO STRONG corporate confidence has translated into keen interest in merger and acquisition (M&A) activities, particularly among South-east Asian companies, the latest survey by Ernst Young (E&Y) shows. But the pricing of assets has remained realistic compared to pre-financial
      449 words
    • Article
      Lock icon IndoAgri unit IPO may raise up to $768m
      450 5  -  Indicative price range of 1,060-1,700 rupiah a share By FELDA CHAY SALIM Ivomas Pratama (SIMP), a subsidiary of Sin-gapore-listed Indofood Agri Resources (IndoAgri), could raise as much as $768 million in its June initial public offering (IPO), making it the biggest Indonesian
      450 words
    • Article, Illustration
      Lock icon United Engineers Q1 profit up 6% at $29.89m
      439 6  -  Earnings rise comes as group revenue climbs 17% to $229.63m By KALPANA RASHIWALA UNITED Engineers posted a 6 per cent year-on-year increase in first-quarter net profit to about $29.89 million. Group revenue increased 17 per cent to $229.63 million for the first
      FILE PHOTO  -  439 words
    • Article
      Lock icon Revenue surge boosts Global Palm Q1 earnings
      251 6  -  By REBECCA LIU HIGHER volumes and higher prices combined to send Global Palm Resources Holdings’ revenue up one-third in the first quarter this year, resulting in a one-third rise in net profit. The Indonesian palm oil producer yesterday reported a net profit attributable
      251 words
    • Article
      Lock icon Huan Hsin Holdings posts $10.4m Q1 loss
      506 6  -  Weak demand for mobile PCs hurts its revenues By MICHELLE QUAH HUAN Hsin Holdings, an integrated contract manufacturer of telecommunications and electronic products, swung into the red for the first quarter ended March 31, 2011, as weak demand for mobile personal computers hurt
      506 words
    • Article
      Lock icon Yongnam wins $75m stadium steelworks deal
      270 6  -  By MINDY TAN YONGNAM Holdings, a structural steel contractor and specialist civil engineering solutions provider, yesterday announced that it has secured a $75 million structural steelworks contract for the construction of a new sports stadium. The seven-storey stadium will be located off Nicoll Highway,
      270 words
    • Article, Illustration
      Lock icon CapitaLand unit to buy Paris hotel for 65m euros
      424 9  -  Ascott to turn hotel and adjacent land into premium 106-unit serviced residence Reports by UMA SHANKARI CAPITALAND’S wholly owned serviced residence unit, The Ascott Limited, has agreed to buy a prime hotel property and an adjacent plot of vacant land in
      424 words
    • Article
      Lock icon CapitaValue in Vietnam low-cost home project
      254 9 Joint venture with Khang Dien House CAPITALAND’S low-cost housing unit CapitaValue Homes has entered into a joint venture (JV) agreement to develop a 29,000 sq m site in Ho Chi Minh City, Vietnam. The site will be developed into 974 low-cost, or “value”, homes.
      254 words
    • Article
      Lock icon SingTel to launch third satellite in 2013
      235 9  -  By WINSTON CHAI THE burgeoning demand for global data connectivity will see Singapore Telecommunications launch its third satellite less than two years after its second one goes into orbit. According to Titus Yong, vice-president of SingTel’s satellite division, the ST-3’s launch will now
      235 words
    • Article
      Lock icon iPad2 with data plan from two telcos
      188 9  -  By VICTORIA HO FOLLOWING the release of the iPad 2 here two weeks ago, M1 and StarHub have announced they will release data bundles with the device “in the coming weeks”. This is the first time the two telcos will allow users to
      188 words
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      36 5 We wish to appoint a Sole Marketing Agent in Singapore for an NVO operating a pool of more than 2,000 containers. Established logistics companies who are interested may call Michael at 9735 5163 for a discussion.
      36 words
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      153 5 v. UmL*\ Ik s £3 z w 2 m rtrtt > 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 W servcorp.com.sg Or Google
      153 words
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      78 6 m. GOURMET TRAVEL THE PEAK SELECTIONS s M 0 u A SUMPTUOUS FEAST FOR ALL THE SENSES G AWARDS: BEST RESTAURANTS OF 2011 THE HAUTE CHEFS' LITTLE BLACK BOOK TOP 100 WINES TO INVEST IN SIGNATURE DISHES WITH THE X-FACTOR INDULGE LUXURIATE FEAST GOURMET TRAVEL A PUBLICATION OF THE PEAK
      78 words
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      91 7 > t 4 Can a bank balance its ambition with its conscience? We're working harder to create a brighter future for you. Our global guiding principles and ethical banking practices influence everything we do, from the customers we work with to the businesses we finance. By pursuing initiatives such as
      91 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Commodities recovery lifts stocks
      483 8  -  Market focuses on commodity-linked counters; overall activity is subdued with $1.04 billion traded STOCKS VEN SREENIVASAN Senior Correspondent A SHARP recovery in commodity markets yesterday spurred equities, with focus largely on commodi-ty-linked stocks and issues. Counters such as Golden Agri, Wilmar, Olam, Mewah and Noble were
      Source: Bloomberg  -  483 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 May 10 VALUE CLOSE BT OB/OS -469.00 +146.0 BT CADI -*****.00 +83.0 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 765.88 +1.48 FTSE ST Small Cap 545.91 +2.55 FTSE ST All Share 774.95 +4.16 FTSE ST China Top 273.18 +0.21 FTSE ST China 303.41 +1.07 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Golden Agri 83,092,000 Ramba 47,408,000 Genting SP 40,040,000 SunVic 29,791,000 Interra 29,315,000 CreativMast 25,330,000 Noble Grp 23,815,000 STXOSV 23,565,000 Dyna-Mac 21,626,000 Gallant 18,979,000 VALUE($) Genting SP 87,509,890 Golden Agri 56,280,020 Noble Grp 50,136,344 DBS Grp 40,555,965 UOB 38,397,560 OCBC Bk 36,906,320 SingTel 34,554,656 Keppel Corp 31,525,820
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 7 1 0 0 0 10 7 1 Manufacturing 60 33 63 3 4 6 63 37 69 Commerce 16 14 28 7 2 4 23 16 32 Tpt/Stor/Comms 24 12 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,076 35,076 62,496 62,496 Manufacturing 209,809 9,938 219,747 189,390 1,175 190,565 Commerce 72,400 6,683 79,083 89,752 5,814 95,566 Tpt/Stor/Comms 149,080 8,132 157,212 190,294 623 190,917 Finance 12,840 5 12,845 136,155 1 136,155 Construction 37,521 399
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.710 -0.010 CapitaLand 3.220 -0.010 CapitaMall 1.890 -0.010 CityDev 11.580 +0.040 ComfortDelGro 1.490 +0.030 DBS Grp 14.880 +0.080 F&N 6.280 +0.060 GLP 2.000 Genting SP 2.180 +0.010 Golden Agri 0.675 +0.010 HK Land 7.390 +0.040 JMH 49.400 -0.100 JSH 29.140 -0.060
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    • Article, Illustration
      Lock icon QUICKCHART
      399 8 Uptrend intact Genting looks set to extend its bullish trend with prices trading above the moving averages. Price patterns are within the ascending channel, supported by the rising RSI. Resistance level around $2.35 may be tested. Last price $2.18 YTD chng -0.46% 5-day chng 2.83% 52-week H/L $2.35/$0.91 Avg
      Source: Kim Eng Research  -  399 words
    • Article
      Lock icon Greece downgrade hits euro in Asia
      220 8 CURRENCIES AFP [TOKYO] The euro fell in Asia yesterday, pressured by rekindled worries over the economic health of the eurozone after Standard and Poor’s (S&P) lowered its credit rating on debt-lad-en Greece. The euro fell to US$1.4326 in Tokyo afternoon trading from US$1.4358 in
      AFP  -  220 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 9 DAILY
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    • Article
      Lock icon RISES
      112 9 BY CENTS CLOSE UP Pru 500US$ 1228 66.6 4.6 SIA.ES.1105 1454 62.0 4.5 DBXT FTVietnam 10US$ 3260 44.4 1.1 UOB 5.05%NCPS 100 ***** 42.0 0.4 UOB 1938 40.0 2.1 DBXT MSTHAI 10US$ 1735 38.2 1.8 DBS Bk 4.7% NCPS 100 ***** 34.0 0.3 IS MSCI Spore 1412 33.3 1.9
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    • Article
      Lock icon FALLS
      128 9 BY CENTS CLOSE DOWN DBXT DBCBLEB 10US$ 2294-204.6 -6.7 DBXT Nifty 10US$ ***** -53.0 -0.3 Lyxor EmergingMkts 1 1175 -44.4 -3.0 OCBC Bk 4.5%NCPS 100 ***** -20.0 -0.2 Venture Corp 970 -15.0 -1.5 DBXT MSTaiwan 10US$ 2062 -12.3 -0.5 DBXT S&P Short 10US$ 4158 -12.3 -0.2 JMH 4940 -12.3
      128 words
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      269 8 Open a Forex trading account and receive v credit bonus*! Trade Forex with Phillip Futures and enjoy: Competitive spreads from 0 pip** A wide range of trading platforms available 24-hour dedicated dealing IT support Spot gold silver offerings Free personalised coaching for new traders **Subject to market conditions From now
      269 words
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      168 9 hevrolet.com.se DYNAMIC £f** r ■w r ■!r •V 'A h r r Lj "T **5 •-&> >v eat* m* fcJfc am >u 5/ lo,I«) ik m w; S3KSBSf! ..oO -n S«W4B v. ;SS CAPTIVA 23.99 1 >0' IIIII: imrnli The new 2011 Captiva has been re-designed and built to an
      168 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Navigating the changing markets
      647 10  -  Chairmen of Rotary Engg and YCH share the keys to tackling business challenges By CHEN HUIFEN PLANNING, vigilance and a hunger to survive are some of the factors that are key to navigating the ever-chang-ing environment, according to Rotary Engineering chairman Chia Kim Piow and YCH
      YEN MENG JIIN  -  647 words
    • Article
      Lock icon Businesses upbeat on outlook despite oil spike, global crises
      386 10  -  By NISHA RAMCHANDANI BUSINESS outlook remains upbeat this quarter despite higher oil prices as well as the events in Japan and the Middle East, a survey shows, with the majority of those polled expecting substantial growth in overall sales volume, net
      386 words
    • Article
      Lock icon CleanTech Park clinches green awards
      183 10 IN THE Green Core area of JTC Corporation’s CleanTech Park, one can enjoy recreational activities or use the space as a pedestrian network to the rest of the park. The area also ensures a long-term sustainable balance of the development’s commercial needs and the site’s
      183 words
    • Article
      Lock icon NEA builds up climate capabilities with MOU
      224 10  -  By REBECCA LIU THE National Environment Agency is moving ahead in its efforts to help Singapore build up its capabilities in climate science, beginning with the Meteorological Services division being renamed the Singapore Meteorological Service (SMS) and given an enhanced role as the
      224 words
    • Article
      Lock icon More investments seen flowing into Asia health care
      334 10  -  By NISHA RAMCHANDANI ASIA’S fast-growing healthcare industry is likely to attract more investors over the next decade, industry players say. Speaking at the Hospital Build Asia 2011 trade conference at the Marina Bay Sands yesterday, Goh Jin Hian, executive consultant for Parkway
      334 words
    • Article
      Lock icon A productivity gauge that adds value
      202 10  -  By MINDY TAN WHILE the $250 million fund set aside for the construction industry addresses issues of productivity, it is important to outline the differences between value-added productivity (VAP) and work productivity. This was the key message championed by Pek Lian Guan, executive director
      202 words
    • Article, Illustration
      Lock icon Lina Chiam, Yee Jenn Jong declared elected as NCMPs
      231 11 They got the highest votes among losing opposition candidates SINGAPORE’s Elections Department yesterday said it will offer Non-Constituency Member of Parliament (NCMP) seats to the three bestlosing opposition candidates. Lina Chiam of the Singapore People’s Party (SPP), who contested the Potong
      FILE PHOTOS  -  231 words
    • Article
      Lock icon CCL, Essec and Insead in FT top 10 list
      462 11  -  S’pore-based biz schools lauded for executive education By LYNN KAN THREE Singapore-based business schools have made it to the top 10 executive education programmes in the Financial Times’ (FT) latest rankings. In the overall league table, the Center for Creative Leadership
      462 words
    • Article
      Lock icon Pasir Ris leasehold condo site gets only three bids
      564 11  -  Top bid from MCL Land stands at $246 million or $402 psf ppr By KALPANA RASHIWALA A STATE tender for a 99-year leasehold private condo site at Pasir Ris Drive 4, close to Pasir Ris Park/beach and Downtown East, drew just
      564 words
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      1396 10 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES BEAfHEiifi 10 DES VOEUX ROAD CENTRAL, HONG KONG CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2010 2010 HK$Mn 2009 (Restated) HK$Mn ASSETS Cash and balances with banks and other financial institutions Placements with banks and other financial institutions Trade bills Trading
      1,396 words
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      265 11 JPMorgan Global Natural Resources Fund 9 We believe there's only one natural choice for Singapore investors. JPMorgan Global Natural Resources Fund offers easy access to a broad range of energy, metals and mining stocks in a single fund. As the world turns to nature to drive growth, make sure your
      265 words
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  • ECONOMY WATCH
    • Article
      Lock icon Bernanke’s QE2 averts deflation, spurs rally
      766 12 Loans by commercial lenders, the Fed and credit unions have risen 1.67% in the last 3 mths of 2010 Bloomberg [WASHINGTON] Ben Bernanke’s US$600 billion strike against deflation is paying off, as stock and debt markets rise, bank lending grows and economists forecast faster
      Bloomberg  -  766 words
    • Article, Illustration
      Lock icon Australia slashes A$22b from budget
      682 12 It vows to be first advanced nation to return to surplus [CANBERRA] Australia yesterday vowed to be the first advanced nation to return to surplus after the financial crisis, slashing US$23.7 billion from its budget to counter natural disasters and revenue falls. Treasurer Wayne Swan
      REUTERS  -  682 words
    • Article
      Lock icon More than US$1.5t at risk to natural disasters
      521 12 This comes despite effective efforts at reducing human toll AFP [GENEVA] More than US$1.5 trillion of the world’s wealth is exposed to harm from natural disasters, as the economic risks soar despite signs that efforts to reduce the human toll are working,
      AFP  -  521 words
    • Article
      Lock icon Mexico bonds outperform BRICs on slower inflation
      364 12 Bloomberg [MEXICO CITY] Mexican peso bonds are posting their best rally in seven months as slower inflation and record-low interest rates enable debt from Latin America’s second-largest economy to outperform the biggest emerging-market nations. The yield on the benchmark 10 per cent bond
      Bloomberg  -  364 words
    • Article
      Lock icon Inflation expected to raise poverty in Vietnam
      298 12 Reuters [HANOI] Poverty will rise in Vietnam as a result of soaring inflation this year so the government must stay the course on price-busting policies, John Hendra, head of the United Nations mission in the country, said yesterday. A UN study showed that
      Reuters  -  298 words
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      341 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Ionics EMS Inc. Block 2 and 3 Carmelray Industrial Park 2 Brgy Tulo, Calamba, Laguna, Philippines 4027 NOTICE OF ANNUAL STOCKHOLDERS’ MEETING To All Shareholders: Please be informed that the annual meeting of the stockholders of IONICS, EMS, INC. will be held on
      341 words
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      204 12 LOSS OF SHARE CERTIFICATES NOTICE is hereby given that the following Certificates have been reported lost, mislaid or destroyed: Name of Shareholders Certificate No. No. of Shares Kuik Ah Han 74 22,856 Goh Thuan Sing 78 41,429 NOTICE IS ALSO GIVEN that replacement certificateswillbeissuedandtheaboveoriginal certificates will be deemed duly cancelled
      204 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sian plan to cut subsidies faces delays
      658 13  -  Sugar the only item so far that has been closely tracking prescribed decreases By PAULINE NG in Kuala Lumpur MALAYSIA’S implementation of a proposed subsidy rationalisation programme designed to put the economy on a stronger footing appears to be on soft ground, with
      BLOOMBERG FILE PHOTO  -  658 words
    • Article
      Lock icon Unisem profit dives in Q1 on stronger ringgit
      339 13  -  Semicon maker also hit by losses in Europe, Indonesia By S JAYASANKARAN in Kuala Lumpur THE strengthening ringgit, while cheered on by Malaysians generally, will be rued by semiconductor maker Unisem which saw its first quarter earnings tumble over seven-fold. For the
      339 words
    • Article
      Lock icon Indonesia penalty rules for SBI to take effect soon
      238 13 Reuters [JAKARTA] Indonesia’s central bank will penalise investors who fail to comply with a new six-month holding period for its short-term (SBI) debt, applicable to all such debt held after May 13, a central banker said yesterday. The central bank last
      Reuters  -  238 words
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      683 13 TOSHIBA Leading Innovation »> Toshiba Group contributes to the sustainable future of planet Earth. Windows®. Life without Walls™. Toshiba recommends Windows 7. n n BCN AWARD 2011 d No. certified ENERGY STAR Prize Winning BCN Award for 5 consecutive years* "Based on retail sales tracking by BCN. Jan 2006 to
      683 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s April trade surplus balloons to US$11.4b
      582 14 It is likely to fuel US pressure over currency controls and market access AP [BEIJING] China reported an unexpectedly large April trade surplus, likely fuelling US pressure over currency controls and market access as American and Chinese officials hold high-le-vel talks in Washington.
      AP; AFP  -  582 words
    • Article, Illustration
      Lock icon Int’l banks gain on Chinese in yuan bonds
      653 14 Firms seek arrangers that will entice more global investors Bloomberg [SINGAPORE] Chinese underwriters are losing out to international banks in a record year for issuance of yuan-denominated bonds in Hong Kong as companies seek arrangers that are able to attract the most
      Bloomberg; REUTERS  -  653 words
    • Article
      Lock icon Julius Baer eyes Indian onshore private banking
      455 14 Reuters [SINGAPORE] Swiss private bank Julius Baer is considering various options to start an onshore office to target rich clients in India and is not ruling out an acquisition to enter one of the world’s hottest markets for millionaires. “We are seriously contemplating
      Reuters  -  455 words
    • Article
      Lock icon Carmaker BYD wins approval for China share sale
      322 14 Bloomberg [SHANGHAI] BYD Co, the Chinese carmaker backed by Warren Buffett, won regulatory approval for a share sale in China as it seeks funds to reverse falling deliveries in the world’s biggest vehicle market. The China Securities Regulatory Commission approved BYD’s planned
      Bloomberg  -  322 words
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      149 14 WINE DINE AND HOSPITALITY Indulge in the Best of Singapore Food At Zenden, level 4, Gallery Hotel Savour the 10 irresistible dishes that have made it to Zenden's top Singapore favourite food list! From the classic Hainanese Chicken Rice to the delicious Frog Leg Porridge and Live Crab, every dish
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      257 15 Milestone Delivery of Atwood Osprey Atwood Oceanics' 1st ultra-deepwater semi-submersible rig delivered by Jurong Shipyard INNOVATION EXCELLENCE SINGAPORE Partner AWARD INNOVATION CLASS 2007 WINNER ♦A s Horizontal Riser Storage Accommodates up to 8,200 ft of riser 3v V r sr vr Raised Driller's Cabin Features improved views for overall control
      257 words
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  • WORLD
    • Article
      Lock icon Border guards for Eurozone countries?
      550 16 Interior ministers to discuss flood of N African refugees [BRUSSELS] Europe’s cherished passport-free travel area faces a radical rethink tomorrow when interior ministers debate the return of border guards to stem a wave of north African migrants. An Arab Spring has fanned fears of a
      550 words
    • Article
      Lock icon Japan slams overseas curbs on its produce exports
      448 16  -  Officials say no basis for concern over radiation as its tests are stringent By in ANTHONY ROWLEY in Tokyo A SENIOR Japanese government official yesterday condemned as “excessive” import restrictions imposed on Japanese produce by some 40 countries because of concerns over
      448 words
    • Article, Illustration
      Lock icon Schwarzenegger, wife announce surprise separation
      392 16 No mention of divorce but they are living separately Reuters [LOS ANGELES] Former California governor Arnold Schwarzenegger and his wife Maria Shriver said on Monday they are separating “while we work on the future of our relationship”. The surprise announcement came four months after Mr
      Reuters; AP FILE PHOTO  -  392 words
    • Article
      Lock icon Students get raw deal in Sydney rentals
      693 16 Cheap accommodation escapes 350,000 foreign students in cosmopolitan city AFP [SYDNEY] Slum conditions, overcrowding and dodgy landlords welcome to foreign student accommodation in Australia’s most glamorous city. More than 350,000 foreign students are enrolled in colleges and universities around the country, and many
      AFP  -  693 words
    • Article
      Lock icon Raising taxes is off the table, say Republicans
      564 16 Bloomberg [WASHINGTON] Republican congressional leaders are ruling out tax increases or a wider revenue base in talks on extending the US government’s borrowing authority, creating a conflict with Democrats who would raise more money as well as cut spending. House Speaker John
      Bloomberg  -  564 words
    • Article, Illustration
      Lock icon Asia fails to address income inequality
      965 17 It should target more inclusive growth to reduce social tensions NEWS ANALYSIS Reuters [BEIJING] Asia should have a smile on its face. The region’s economy is displaying resilience in the teeth of a structural rise in oil and commodity prices. Overheating is a greater
      Reuters; BLOOMBERG  -  965 words
    • Article
      Lock icon Google to launch online music service: report
      245 17 AFP [NEW YORK] Internet giant Google was expected to launch an online music service as early as yesterday to rival Amazon’s “cloud” service, which allows users to store digital music online, the Wall Street Journal reported. Citing unnamed sources, the newspaper said on
      AFP  -  245 words
    • Article
      Lock icon Public may use UK Parliament for weddings
      268 17 Bloomberg [LONDON] Lawmakers are considering allowing the public to rent rooms in the United Kingdom’s historic Houses of Parliament for wedding receptions and parties to raise money. After Prime Minister David Cameron pledged to “cut the cost of politics”, lawmakers have set about
      Bloomberg  -  268 words
    • Article, Illustration
      Lock icon US CEOs’ pay higher than before recession
      1011 18 Typical pay package for an S&P 500 company chief is US$9m in 2010 AP [NEW YORK] In the boardroom, it’s as if the Great Recession never happened. CEOs at America’s largest companies were paid better last year than they were in 2007, when
      AP; PHOTOS: AP  -  1,011 words
    • Article
      Lock icon Planned Aussie mining tax to pull in A$7.7b
      263 18 Gain in commodity prices to temper record forex rate Bloomberg [CANBERRA] Australia’s planned 30 per cent tax on iron ore and coal profits will earn A$7.7 billion (S$10.2 billion) in its first two years as a gain in commodity prices tempers a
      Bloomberg  -  263 words
    • Article
      Lock icon Japan’s No 2 home builder eyeing local boom
      398 18 Bloomberg [TOKYO] Sekisui House Ltd, Japan’s second-largest home builder, will focus on the local market after expanding overseas as it’s expecting the nation’s biggest housing boom in at least 15 years after the March 11 earthquake. Housing starts, which dipped below one
      Bloomberg  -  398 words
    • Article
      Lock icon Australia’s LNG has carbon emissions too
      598 18 Processing the gas for transport produces more CO2 than coal-making Reuters [SINGAPORE] Australia’s rising liquefied natural gas (LNG) exports may make for bluer skies over Chinese power plants, but back home LNG producers will pump out more carbon emissions than the coal sector. Natural
      Reuters  -  598 words
    • Article, Illustration
      Lock icon LIGHT FROM WITHIN
      78 18 [LONDON] Britain’s Olympic triple jump gold medallist Jonathan Edwards poses for a photograph with a torch from the 1948 London Olympic Games, after unveiling a new exhibition called the “Olympic Journey” at the Royal Opera House, in central London, on Monday. The torch will form part of
      REUTERS  -  78 words
    • Article
      Lock icon April price hike for imports beats forecast
      741 19 Growing demand from Asia and Latin America, plus a weaker US$, may keep pushing cost of goods up LATEST US DATA Bloomberg [WASHINGTON] Prices of goods imported into the United States rose more than forecast in April, driven by gains in fuel and
      Bloomberg  -  741 words
    • Article, Illustration
      Lock icon US, China agree on need to cooperate on global growth
      619 19 Reuters [WASHINGTON] US and China on Monday agreed on the need to work together to boost global growth at the start of two days of talks. The meetings covering economic and diplomatic issues come as the world’s two largest economies
      Reuters; AFP  -  619 words
    • Article
      Lock icon Commodity fund titans hit by oil drop
      494 19 They suffered double-digit losses last week as oil fell by a near-record US$16 Reuters [NEW YORK] Several commodity hedge fund titans suffered double-dig-it losses last week as oil fell by a near-record US$16, money managers who invest in the funds told Reuters on
      Reuters  -  494 words
    • Article
      Lock icon Arctic nations eye future of last frontier
      394 19 Reuters [WASHINGTON] Leaders of Arctic nations gather in Greenland this week to chart future cooperation as global warming sets off a race for oil, mineral, fishing and shipping opportunities in the world’s fragile final frontier. US Secretary of State Hillary Clinton will join
      Reuters  -  394 words
    • Article
      Lock icon Rifts emerging in Britain’s coalition government
      637 19 Voters punish Lib Dems, but coalition seen to be intact Reuters [LONDON] Local elections exposed deep rifts in Britain’s first coalition since World War Two but the Conservatives and their junior Lib Dem partners know that despite the mismatch they are stuck with each
      Reuters  -  637 words
    • Article, Illustration
      Lock icon UBS guns for global top 5 rank, aims to keep US unit
      630 20 The bank has lost at least 50 dealmakers from its US arm since 2009 and struggled with defections Bloomberg [NEW YORK] UBS AG, which has lost at least 50 dealmakers from its US investment bank since 2009, remains
      Bloomberg; BLOOMBERG  -  630 words
    • Article, Illustration
      Lock icon Restructuring Greek debt will damage eurozone: ECB execs
      693 20 Reuters [MILAN] European Central Bank policymaker Ewald Nowotny yesterday favoured giving Greece more time to repay its financial aid rather than issuing new loans, and he and another ECB official ruled out a debt restructuring. Mr Nowotny and ECB executive board member
      Reuters; REUTERS  -  693 words
    • Article
      Lock icon LinkedIn to raise US$274m in initial public offering
      372 20 AFP [NEW YORK] LinkedIn said on Monday that it plans to offer 7.84 million shares priced at between US$32 and US$35 as it becomes the first major US social network to go public. The Mountain View, Cali-fornia-based social network for professionals is
      AFP  -  372 words
    • Article, Illustration
      Lock icon Finn vote on EU bailout may seek investor role
      548 20 Reuters [HELSINKI] A senior Finnish politician said yesterday a pending parliamentary vote on the EU bailout package for Portugal may mention the need for an investor role, suggesting a compromise to overcome opposition to the rescue. Finland’s Prime Minis-ter-elect Jyrki Katainen
      Reuters  -  548 words
    • Article
      Lock icon Laos agrees to new study on controversial Mekong dam
      361 20 AFP [HANOI] Laos has agreed to conduct new research into the impact of a controversial proposed dam on the lower Mekong River after suspending work on the project, a senior official confirmed yesterday. “Laos will hire advisers to conduct a study”
      AFP  -  361 words
  • Page 16 Advertisements
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      32 16 YOU MUST-HAVE ESOU CE BOOK! BRAND NEW ANNUAL MAGAZINE OUT NOW! 3/22/11 10:33:50 AM SPACE PLANNING DECOR TRENDS LIGHTING MATERIALS HOMES BATHROOMS KITCHENS WARDROBES GADGETS Available at all major bookstores and www.homeanddecor.com.sg
      32 words
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      Lock icon Page 17 Advertisements Column 1
      1248 17 Standard Bank Plc Consolidated statement of financial position at 31 December 2010 2010 ***** $m $m Assets Derivative assets 6 454.3 6 347.5 Trading assets 7 329.1 7 213.0 Financial investments 3 121.4 79.2 Pledged assets 735.1 507.0 Loans and advances 15 680.7 16 923.7 Loans and advances to banks
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      53 18 Choice f T ln Singapo^ V m LX Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-0266
      53 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      44 20 HONDA FIT 1.3A GF Red Full Body Kit, leather, s/rims Low Mileage. Accident Free. Tip -top. $55.8K neg! GREAT BUY! ONLY $55,800! Check out this car and many other pre-owned models in CATS Classified in The Straits Times now! ■SATS BUY IT-SELL IT-FIND IT
      44 words
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  • TransportHUBTHE
    • Article
      Lock icon Call for code of conduct as security ‘cowboys’ emerge
      651 21 Illegal arms, bribery among issues with private armed teams while piracy surges Reuters [LONDON] Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies without seaborne experience aiming
      Reuters  -  651 words
    • Article
      Lock icon Crude oil tanker rates still depressed at W48s
      301 21 Reuters [LONDON] Crude oil tanker rates were steady, helped by lower bunker fuel costs although earnings continued to struggle to cover operating costs. The world’s benchmark Very Large Crude Carrier (VLCC) export route from the Middle East Gulf (MEG) to Japan DFRT-ME-JAP
      Reuters  -  301 words
    • Article, Illustration
      Lock icon Supertanker surplus cuts freight rates
      606 21 Bloomberg [LONDON] Hiring canal boats in London costs more than supertankers earn from shipping Saudi Arabian crude to Japan as a glut of the oil transporters cuts freight rates on the industry’s most important trade route. Returns from the 1,000-foot long tankers plunged 99 per
      Bloomberg; BLOOMBERG  -  606 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 21 SGX '000 May 10 S$ +/-Vol CH Offshore 0.47 0.01 117 Chuan Hup Hldg 0.23 -0.01 20 Cosco Corp 2.14 -0.02 7919 CWT Ltd 1.29 unch 1779 Ezra Hldgs 1.61 0.01 6045 First Ship Lea 0.39 0.01 642 Freight Links 0.07 0.01 131 Grand Banks 0.47 -0.01 178
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    • Article
      Lock icon Losses at sea continuing at an alarming rate
      716 21  -  STRAIT TALK By DAVID HUGHES A COUPLE of months ago, the Maltese-flag bulk carrier, the 75,208 dwt Oliva, set off from Singapore for Brazil with a cargo of soyabeans. She didn’t make it to Brazil, though; she ran aground off Nightingale Island
      716 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon 3 US airline security scares foiled by crew, passengers
        671 22 Aviation community on high alert after death of Osama bin Laden Bloomberg [DALLAS] Three US airline security scares on Sunday were brought to quick ends by crew members and passengers on high alert after the death of Osama bin Laden, aviation
        Bloomberg; AP  -  671 words
      • Article
        Lock icon Real cost of airline travel still a mystery
        604 22 NYT [NEW YORK] The Transportation Department is moving to require airlines to release much more detailed information about all those extra fees they’ve been collecting in recent years. Specifically, the department’s Bureau of Transportation Statistics says that it will publish a proposed
        NYT  -  604 words
      • Article, Illustration
        Lock icon Not much to learn from wrecked chopper used in Osama raid: analyst
        383 22 AFP [WASHINGTON] Pakistan or other countries may not have much to learn from the wreckage of a “stealth” US helicopter used in the raid on Osama bin Laden’s compound, a defence analyst said on Monday. The helicopter went
        AFP  -  383 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3315 22 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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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Peugeot to export cars from its M’sian plant
        549 23  -  Only right-hand-drive versions are assembled in the Kedah factory By SAMUEL EE PEUGEOT will soon be exporting its cars from its Malaysian production hub to as far away as Africa. Only right-hand-drive (RHD) versions of the French carmaker’s models are assembled at
        549 words
      • Article, Illustration
        Lock icon Ferrari FF completes marque’s range of models
        606 23  -  By SAMUEL EE [SINGAPORE] The new Ferrari FF may have radical styling and technology, but this four-seater grand tourer is a replacement for the 612 Scaglietti and not a new model that will expand the manufacturer’s model range. “We will not have more
        606 words
      • Article
        Lock icon High-speed Beijing-Shanghai railway to run trials
        405 23 AP [SHANGHAI] A long-anticipated high-speed railway between Beijing and Shanghai is due to begin trial operations today, as China continued with its lavish rail spending boom despite recent losses and scandals. Railway investment is expected to reach 745.5 billion yuan (S$141.69 billion) this year,
        AP  -  405 words
      • Article
        Lock icon Bombardier in US$3b rail order with Siemens
        233 23 Reuters [VANCOUVER] Bombardier Inc’s train unit has partnered with Siemens AG for what could be a US$3 billion-plus share of a high-speed rail contract in Germany, the Canadian company said on Monday. Bombardier Transportation said it has signed a framework agreement with Siemens,
        Reuters  -  233 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      288 22 CRYPTIC CROSSWORD Across 7 Philosopher with jug held noxious liquid (8) 9 Start to sing shanty, it helps the stoker (6) 10 Impediment getting mouth around sibilant? (4) 11 Pitch is left in clinical condition (10) 12 Endless palaver engulfing a second star (6) 14 Foreign national, the Parisian curses
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      51 23 Tuck into CEO outo okCHARITY Feast on mee goreng cooked by Mr Loh Lik Peng, founder and managing director of Hotel 1929, New Majestic Hotel and Wanderlust Feel good because all proceeds go to charity When: Friday (7-9pm) Where: Food Republic Beer Garden at St James Power Station the new
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asean credibility at stake as members feud
      469 24 EDITORIAL OFFICIALLY, Asean still maintains that it is on track to becoming a single market by 2015. But many observers view this as an unrealistically ambitious deadline even at the best of times, given the long list of hurdles: economies at very different
      469 words
    • Article, Illustration
      Lock icon Better to keep Pyongyang’s interests in mind
      761 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter@FrankChing1 NORTH Korea is one of the most difficult countries in the world to deal with, even for China, its most important supporter. For example, North
      761 words
    • Article, Illustration
      Lock icon ‘First Pacific’ president stuck in the Middle East
      1048 24  -  While Obama wants to focus more on China, US will remain ‘underweighted’ in East Asia LEON HADAR Washington Correspondent AT THE centre of US President Barack Obama’s geostrategic thinking has been the recognition that in the aftermath of the wars in Iraq
      AFP  -  1,048 words
    • Article, Illustration
      Lock icon Spotlight on procurement fraud
      1053 25  -  Companies should tighten controls and consider a technology-based approach to prevent undue loss By BOB YAP The writer is head of forensics at KPMG in Singapore. The views expressed are his own ORGANISATIONS around the world are losing 5 per cent of their revenues each year
      FILE PHOTO  -  1,053 words
    • Article, Illustration
      Lock icon Silver lining in Indian realty market: buy stock
      964 25  -  YOGI AGGARWAL AFTER galloping price rises through most of last year, India’s real estate business is now stalled. People have stopped buying because of the high property prices. As well, it is increasingly difficult to get bank and other kinds of finance.
      964 words
    • Article
      Lock icon Shortening HDB leases will do more harm than good
      206 25  -  LETTER TO THE EDITOR Chua Soon Hock I REFER to the letter by Tan Kok Tim (“Two ways to make HDB more affordable”, BT, May 10) in which he suggests shortening HDB leases to make flats more affordable. This will harm
      206 words
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      Lock icon Page 25 Advertisements Column 1
      103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8327 26 Transaction date: May 10 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 15.5 15.5 18 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 6.5 -0.5 288 6.5 6.5 6.5 7
      8,327 words
    • Article
      Lock icon SGX CATALIST
      1538 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 6.5 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 164 157 165 97.3 1.5 0.5 t Advanced System 0.5
      1,538 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9840 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.12/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9453/0.9453 AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • Article
      Lock icon GLOBALQUOTE
      235 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 $mil 56 34 AVJennings A50 +3 3 50 50 48 51.5 3.6 7 4 130.2 55 16 Genting HK US$ US42.5 -0.5 3567 43 42.5 42.5 43 2798.4
      235 words
    • Article
      Lock icon SGX ETF
      833 27 52-Wk Last Vol Day Last Quote DivGr Yld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.5 112.5 122.8 509 1077 761 CIMBAsean40 100US$ US1042 1048 1055 41.7 350 270 DBS STI ETF 100 319 unch
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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 May 9 Index Change Change Change Change Change Change World Index Preliminary 929.2 -0.1 3.5 -0.2 1.9 -0.5 5.6 EAFE Preliminary 802.4 -0.6 0.2 -1.1 0.8 -1.4 4.4 Europe Preliminary 1194.2 -0.8
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    • Article
      Lock icon INTERBANK RATES
      181 28 May 10 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.18 US$ Offer Bid 7 days 0.23 0.13 1 month 0.33 0.23 2 months 0.38 0.28 3 months 0.42 0.32 6 months 0.52 0.42 9 months 0.75 0.55 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 May 10 S$ Bid Offer 1-month 1.2327 1.2337 2-months 1.2327 1.2337 3-months 1.2327 1.2337 6-months 1.2324 1.2334 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      141 28 May 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 512.0 505.0 511.3 45 Jun 11 505.0 505.0 510.0 6 Jul 11 498.0 Aug 11 488.3 Sep 11 488.3 Oct 11 488.3 Nov 11 488.3 Dec 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 28 May 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 11.08.2011 0.28 1-Year BY*****X 02.05.2012 0.41 0.39 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.22 102.27 102.25 5-Year N*****0W 1.125 01.04.2016 100.11
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    • Article
      Lock icon CHICAGO BOT
      107 28 May 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1335.00 1325.00 1339.25 1329.50 Jul 11 1335.00 1326.00 1342.00 1323.25 Aug 11 1334.75 1325.50 1340.50 1323.50 Sep 11 1326.25 1316.50 1330.25 1320.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 55.98
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS May 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.62 -0.39 WTI (Near Mth) 102.71 4.93 Dubai (1-Mth F) 106.46 2.52 Tapis blend 119.85 2.77 Minas 116.25 2.77 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.88 4.99 Jet Kerosene 125.85 2.40 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2575 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1.5 1 4 10 3.33 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 3.5 1
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 May 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.369 1.292 Can dollar 1.301 1.251 Euro 1.8 1.731 Sterling pound 2.059 1.98 NZ dollar 1.003 0.956 US dollar 1.249 1.201 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 May 10 Open High Sett STI May 3149 SIMSCI May 366.3 370.6 369.3 Taiwan May 321.2 322.2 320.0 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 28 May 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3496 3500 3557 3472 1239 3879 Jun 11 3339 3360 3379 3338 2301 ***** Jul 11 3245 3258 3282 3243 ***** ***** Aug 11 3230 3228
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      469 28 May 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7200 0 3704 Sep11 99.6700 0 2092 Dec11 99.5800 0 1263 Mar12 99.4350 0 1582 EUROYEN TIBOR FUTURES Jun11 99.6750 99.6750 99.6750 99.6750 0 6003 Sep11 99.6825 54 1474 Dec11 99.6800 99.6800 99.6800 99.6850 126 1837
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 28 May 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.992 0.751 8.369 48.184 92.125 0.870 11.648 3.223 1.360 91.215 46.272 1.328 7.257 0.945 30.777 32.515 0.658 1.077 Canada 0.964 6.737
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    • Article
      Lock icon SIBOR
      85 28 May 10 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 May 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3274 1.3286 1.0768 1.0769 Canadian dollar 1.2789 1.2802 1.0375 1.0377 Euro 1.7671 1.7686 1.4335 1.4336 NZ dollar 0.9763 0.9772 0.7920 0.7921 Sterling pound 2.0182 2.0202 1.6372 1.6375
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    • Article
      Lock icon PRECIOUS METALS
      137 28 May 10 GOLD (US$/oz) May 06 May 09 Hong Kong 1485.00 1512.00 May 09 May 06 London 1508.00 1494.64 1509.00 1495.60 Source: Thomson Reuters CAST BAR May 10 (S$) Selling Buying Kilobar 64,214.98 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 408 300 10gm 729
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    • Article
      Lock icon LONDON METALS
      70 28 May 9 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2610.00 2603.00 3 months 2610.00 2608.00 Copper, Grade A (US$/tonne) Cash 8866.75 8808.00 3 months 8890.00 8830.00 Lead (US$/tonne) Cash 2334.00 2316.75 3 months 2300.00 2280.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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      Lock icon LIFFE
      84 28 May 9 COCOA (£/tonne) Close Prev High/Low May 11 1867 1866 1899/1852 Jul 11 1897 1890 1936/1882 Sep 11 1912 1907 1947/1901 Dec 11 1934 1930 1972/1924 COFFEE (US$/tonne) Close Pev High/Low May 11 2594 2590 2603/2587 Jul 11 2602 2598 2636/2590 Sep 11 2624 2620 2655/2613 Nov 11
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  • Article
    Lock icon SHIPPING TIMES
    5642 29 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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      56 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 ■I- THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping
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  • EXECUTIVE MONEY
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      Lock icon Road to the renminbi’s future
      1156 31  -  The introduction of CNH represents the lifting of restrictions that prohibited the currency from migrating outside China MONEY MATTERS ERIK WYTENUS IN 2010, the US dollar fell less than 3.5 per cent against the Chinese yuan, or renminbi (often abbreviated as CNY or RMB). The
      REUTERS; Source: Bloomberg; Source: JPMS, LLC  -  1,156 words
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      Lock icon CME’s volatility curbs on silver starting to bite
      1238 31 AP ON APRIL 25, half a dozen officials from CME Group, which runs many of the nation’s commodities exchanges, met via videophone to discuss the eye-popping rise in the price of silver, which had doubled in just six months to about US$47
      AP; BLOOMBERG  -  1,238 words
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      Lock icon Tech funds rise from the doldrums
      630 32  -  Henderson Horizon Global Technology has posted a near doubling of assets over a 12 month period up to end-March. By GENEVIEVE CUA TECHNOLOGY funds may get their day in the sun once again, after a decade in the doldrums. Henderson Horizon Global Technology, for
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      Lock icon Tech stocks look set to be favourites
      776 32 But only if it gains from problems hitting other stocks AP [TEXAS] The stock market has been fighting an army of economic worries including slowing economic growth and corporate earnings, a weakening dollar and what until last week were surging oil prices. For
      AP  -  776 words
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