The Business Times, 17 May 2011

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Total Pages: 39
1 40 The Business Times
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  • TOP STORIES
    • Article
      Lock icon Nasdaq, ICE throw in towel in NYSE fight
      514 2 Talks with US regulators show they wouldn’t win antitrust clearance; path now clear for Deutsche Boerse to merge with NYSE Bloomberg London NASDAQ OMX Group Inc and IntercontinentalExchange Inc (ICE) have pulled their bid for NYSE Euronext after talks with US regulators
      Bloomberg  -  514 words
    • Article
      Lock icon MARKETS
      139 2 H STI 3,136.48 (-27.20) H STI FUTURES 3,133 (-29) H SIMSCI 366.70 (-4.12) H SIMSCI FUTURES 366.20 (-4.10) STOCKS Monday Change KL COMP 1,536.27 -4.47 NIKKEI 225 9,558.30 -90.47 HANG SENG 22,960.63 -315.64 SET Closed JAKARTA 3,799.23 -32.79 MANILA 4,300.81 +8.70 KOSPI 2,104.18 -15.90 SHENZHEN B 774.42 -6.92 MUMBAI
      139 words
    • Article, Illustration
      Lock icon S’pore-EU FTA talks set to wrap up soon
      535 3  -  Negotiations at an advanced stage and could be concluded by the end of the year, says Hng Kiang By Chuang Peck Ming peckming@sph.com.sg Singapore SINGAPORE is likely to wrap up free trade talks with the anUnion–itsbiggestexportmarket by the end of the year,
      NG SOR LUAN/THE STRAITS TIMES  -  535 words
    • Article
      Lock icon Strauss-Kahn debacle puts euro bailout at risk
      715 4  -  His absence could weaken European influence on IMF, which could become more reluctant to provide funds to Greece and others By Neil Behrmann btworld@sph.com.sg London ALLEGATIONS against International Monetary Fund (IMF) head Dominique Strauss-Kahn are undermining moves to rescue Greece and could cause
      715 words
    • Article, Illustration
      Lock icon I was sexually assaulted 10 years ago: French writer
      480 4 She is considering filing legal complaint against IMF chief Reuters Paris A FRENCH lawyer said yesterday that his client was considering filing a legal complaint against IMF chief Dominique Strauss-Kahn over an alleged sexual incident almost a decade ago. Lawyer David
      Reuters; AFP  -  480 words
    • Article, Illustration
      Lock icon High Court rules against Anwar; he faces trial for sodomy charges
      484 5  -  What happens next will have grave political implications for opposition coalition By S Jayasankaran btworld@sph.com.sg Kuala Lumpur ON the eve of a Buddhist religious holiday, Anwar Ibrahim suddenly found himself dependent on the courts for his political survival. Yesterday,
      AP  -  484 words
    • Article, Illustration
      Lock icon KPMG Asia-Pac chief to be its new global chairman
      353 5 Singapore KPMG International has appointed, for the first time, its top man in Asia-Pacific as its new global chairman. Michael Andrew, 54, currently chairman of KPMG Asia Pacific and of KPMG Australia, will succeed Timothy Flynn when the latter’s four-year term
      353 words
    • Article
      Lock icon Three NCMPs confirmed
      88 5 Singapore A GOVERNMENT gazette published yesterday confirmed three opposition candidates as Non-Constituency Members of Parliament (NCMPs). Returning Officer Yam Ah Mee declared Loh Woon Lee Lina or Mrs Lina Chiam from the Singapore People’s Party (SPP), Gerald Giam Yean Song from the Workers’ Party (WP) and Yee
      88 words
    • Article, Illustration
      Lock icon Rival bid for TMX puts LSE in a spot
      653 6 Merger with the Canadian exchange is crucial for the London bourse and it must find ways to beat the more attractive offer of a group of Canadian banks and funds Reuters London THE London Stock Exchange will find itself in a
      Reuters; BLOOMBERG  -  653 words
    • Article
      Lock icon Geithner buys time to resolve debt limit impasse
      429 6 Accounting steps involving 2 retirement funds will stave off crisis till Aug 2 Bloomberg Washington US Treasury Secretary Timothy F Geithner has taken actions to stave off the federal debt limit until Aug 2, using accounting measures that involve two retirement funds.
      Bloomberg  -  429 words
    • Article
      Lock icon MNCs focus on workforce health as healthcare costs rise: survey
      585 7  -  But MNCs in Asia lagging as only 23% have health strategy against 32% globally; nearly a third concerned over costs in UK, S’pore By Mindy Tan tanmindy@sph.com.sg Singapore FACED with rising healthcare costs, three out of four of multinational companies
      585 words
    • Article, Illustration
      Lock icon Probe into whether quake damaged Fukushima reactors
      655 7  -  Tepco’s prevailing view is that tsunami caused the damage By Anthony Rowley btworld@sph.com.sg Tokyo IN A development that could affect the future of nuclear power in earthquake-prone countries, the operator of Japan’s crippled Fukushima complex acknowledged yesterday that it is investigating whether reactors
      AP  -  655 words
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      Lock icon Page 2 Advertisements Column 1
      34 2 CONTENTS NEWS Top Stories 2-7 Companies 8-10 Singapore 11-12 Arts Festival 12 SME 13-16 Small Caps 14 World 17-23 Perspective 24-25 Aviation 26 Shipping stats 27,31 Shipping stats 28-30 Stocks Stats 34 Property 35
      34 words
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      341 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TECHNOLOGY CONSERVATION GROUP ASIA PTE. LTD. (Co. Regn. No: *****3087D) (In Member’s Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 715 S Easy Street, Lecanto, Florida ***** USA,
      341 words
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  • COMPANY NEWS
    • Article
      Lock icon SATS Q4 net profit rises 9% to $50.7m
      756 8  -  Operating revenue jumps 29.3%; final dividend payout of 12 cents per share proposed By Ven Sreenivasan ven@sph.com.sg Singapore SATS Ltd announced strong operating numbers all round and unveiled a generous final dividend payout of 12 cents per share yesterday. The January-March quarter
      756 words
    • Article, Illustration
      Lock icon NOL finishes 2% lower at $1.86 on US$9.7m Q1 loss
      504 8  -  By Joyce Hooi joyceh@sph.com.sg Singapore NOL Group’s first quarter US$9.7 million net loss drew disappointment from most analysts, and the market echoed the sentiment yesterday afternoon, with the stock closing down 2.1 per cent in heavy trading, from $1.90 to
      BLOOMBERG  -  504 words
    • Article, Illustration
      Lock icon ST Index loses ground amid thin trading volume
      526 9  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent THESingaporestock market retreated in tandem with regional bourses amid renewed concerns over the Greek bailout plan and wariness over the US’s determination to address its growing debt. The Straits Times Index gave up27.2pointsto3,136.48ascomponent stocks like Jardine
      526 words
    • Article
      Lock icon Noble sells Donaldson Coal for A$360m
      252 9 Reuters Sydney AUSTRALIAN coal miner Gloucester Coal has agreed to buy Donaldson Coal from Hong Kong-based and Singapore-listed commodities firm Noble Group for A$360 million (S$474 million), boosting its production base and giving it access to new port capacity. Gloucester said yesterday it planned
      Reuters  -  252 words
    • Article
      Lock icon TOP 20 ACTIVES
      111 9 VOL CLOSE Artivision 114,699 28.5 3.5 14.0 GentingSP 80,432 207 -3.0 -1.4 GoldenAgri 52,271 67 0.0 0.0 NexGenSCom 28,582 2.5 0.0 0.0 Ramba 27,556 63 -0.5 -0.8 Z-ObeeHldgs 26,222 30 2.0 7.1 Dyna-Mac 26,044 60.5 -1.0 -1.6 EastGateTechR 24,439 0.5 0.0 0.0 FDSNetw 23,000 3 -1.5 -33.3
      111 words
    • Article
      Lock icon STI STOCKS
      110 9 Stock name Close Change CapMallsAsia 1.700 -0.010 CapitaLand 3.150 -0.050 CapitaMall 1.900 -0.020 CityDev 11.200 -0.260 ComfortDelGro 1.460 -0.030 DBS Grp 14.480 -0.280 F&N 6.110 -0.130 GLP 1.920 -0.050 Genting SP 2.070 -0.030 Golden Agri 0.670 HK Land 7.340 JMH 49.420 -0.040 JSH 29.140 -0.040 Jardine C&C 38.120
      110 words
    • Business briefing
      • Article
        Lock icon APB to raise production capacity in Vietnam
        87 9 ASIA Pacific Breweries (APB) will be increasing the production capacity of its brewery in Ho Chi Minh City to 4.2 million hectolitres from 2.8 million hectolitres. The brewery will get a second canning line, fermentation facilities and a warehouse extension, among other upgrades.
        87 words
      • Article
        Lock icon One-off gain to boost earnings, says Z-Obee
        50 9 Z-OBEE Holdings says it is expecting to report sharply higher profit for the year ended March 31 compared to the previous year. The increase is attributed to a sizeable profit re- sulting from a one-off gain on fair value of its financial assets.
        50 words
      • Article
        Lock icon Sunmart postpones Korea dual listing plans
        50 9 SUNMART Holdings has announced the postponement of its dual listing plans in South Korea’s Kosdaq board. It cited the current unfavourable market conditions in Korea as reasons for the postponement. It will consider submitting a fresh application to the Korea Exchange if sentiment improves.
        50 words
      • Article
        Lock icon Citi names head of SEA industrials banking
        62 9 CITI has appointed Abhay Pande as head of South-east Asia, industrials global banking. He will be responsible for expanding the bank’s presence across the Asean and India. He joins Citi in Singapore after 13 years with the bank, with his last role as
        62 words
      • Article
        Lock icon Renewable Energy expects to report loss
        51 9 RENEWABLE Energy Asia Group has released a profit warning. The company said it is expected to report a loss for the full year ended March 31. The loss is attributed to losses incurred by the manufacturing segment in the second half of the business
        51 words
      • Article
        Lock icon Frasers Commercial cuts outstanding loan
        51 9 FRASERS Commercial Trust has used net proceeds of A$22 million (S$29.1 million) from the sale of its stake in the Australian Wholesale Property Fund to partially prepay a term loan facility. The loan outstanding under the A$150 million facility after the partial repayment is A$103.4
        51 words
    • Article
      Lock icon TOP GAINERS
      66 9 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4199 72.4 1.4 UOB 5.05%NCPS 100 ***** 42.0 0.4 OCBC Bk 4.5%NCPS 100 ***** 30.0 0.3 OCBC Bk 5.1%NCPS 100 ***** 30.0 0.3 DBS Bk 4.7% NCPS 100 ***** 16.0 0.2 Kep Corp.ES.1105 1154 16.0 1.4 Hyflux 6% CPS 10
      66 words
    • Article
      Lock icon TOP LOSERS
      62 9 BY CENTS CLOSEDOWN DBST Nifty 10US$ ***** -378.3 -2.4 GLD 10US$ ***** -207.3 -1.1 DBXT E50 10US$ 4513 -128.6 -2.2 DBXT MSKorea 10US$ 6259 -123.6 -1.6 DBXT SPASX200 10US$ 3579 -88.7 -1.9 Lyxor EmergingMkts 1 1135 -49.9 -3.4 DBXT MSTaiwan 10US$ 2021 -48.7 -1.9 Jardine C&C 3812 -44.0
      62 words
    • Article, Illustration
      Lock icon DBS ramps up operations in Taiwan
      550 10  -  The bank also disclosed that its application to upgrade from a branch to a subsidiary is on track By Siow Li Sen lisen@sph.com.sg Singapore DBS Bank yesterday inaugurated its new Taiwan headquarters, as it steps up the pace of operations in line with plans
      550 words
    • Article
      Lock icon SIA’s passenger load factor slips in April
      274 10  -  By Ven Sreenivasan ven@sph.com.sg Singapore A SHARP increase in capacity versus a modest rise in passenger carriage translated in a 3 percentage fall in Singapore Airline’s passenger load factor to 74.6 per cent last month. The company explained that its capacity (measured in
      274 words
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      Lock icon Page 10 Advertisements Column 1
      31 10 SINGAPORE’S NO.1 MEN’S MAGAZINE LUNCH ONUS! ROADSHOW •CHEVRONHOUSE,RAFFLESPLACE 19-20MAY,10AM-3PM• •MILLENIAWALK 23-25MAY,10AM-3PM• MOREDETAILSINMENSHEALTH.COM.SG »FREE LUNCH WORTH $13 $18 FROM GAELIC INNS $50 GOODIE BAG WITH EVERY COPY OF MEN’S HEALTH PURCHASED! »FABULOUSSUBSCRIPTIONGIFTS!
      31 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Employers around the world give ACCA the thumbs-up
      385 11  -  It is rated the leading global professional accountancy body in reputation, influence: survey By Michelle Quah michquah@sph.com.sg THE Association of Chartered Certified Accountants (ACCA) has been rated as the leading global professional accountancy body in reputation, influence and size by employers around
      385 words
    • Article, Illustration
      Lock icon SIA to launch ‘green’ flights to US
      272 11  -  By Tam Yu Ling tamyl@sph.com.sg THE Civil Aviation Authority of Singapore (CAAS) and Singapore Airlines (SIA) are working with their aviation counterparts in the United States and the Philippines to launch regular “green” flights from Los Angeles to Singapore. SIA’s SQ37 which flew
      BLOOMBERG FILE PHOTO  -  272 words
    • Article
      Lock icon Colon cancer takes centre stage on Saturday
      254 11  -  By Arthur Lee arthurl@sph.com.sg EVERY week, about 30 new cases of colorectal cancer are diagnosed locally, making it the most common type of cancer here. A group of survivors at Tan Tock Seng Hospital have been actively reaching out by organising various support
      254 words
    • Article, Illustration
      Lock icon Baring all, daring all to take the plunge
      618 12  -  Out of Context felt like a protracted jig to coax its audience into honesty arts festival 2011 By Lynn Kan lynnkan@sph.com.sg PRUDES–and thehappilydeluded keep out. Choreographer Alain Platel’s Out of Context would have made these two groups of people undoubtedly hot under
      618 words
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  • SME INC
    • Article, Illustration
      Lock icon Building relationships to last
      1066 13  -  The personal touch and close attention to detail keep IWA Design’s clients coming back. By Idayu Suparto btnews@sph.com.sg WHEN it was just starting out in the 1980s, IWA Design Pte Ltd managed to corner the market for the design and construction of interiors of camera electronics
      ARTHUR LEE  -  1,066 words
    • Article, Illustration
      Lock icon The Cornerstone of a strong family business
      573 14  -  Clinton Ang has transformed Hock Tong Bee from its humble provision shop beginnings into a leading wine merchant. By Enya Lim By Enya Lim enyalim@sph.com.sg CLINTON Ang is no stranger to awards and accolades, having been conferred the Singapore Youth Award for outstanding
      573 words
    • Article
      Lock icon Portfolio slips for 4th week on eurozone fears
      466 14  -  By Teh Hooi Ling hooiling@sph.com.sg INVESTORS were sidelined as worries about the eurozone debts and the state of the global economy weigh on sentiment. Some are heeding the Wall Street adage to sell in May and go away. Our small cap portfolio
      466 words
    • Article
      Lock icon A realistic look at retaining talent
      527 15 ask nus profs| Q1: SMEs are often unable to attract and retain (if they manage to attract any) the best talent due to the limited career opportunities and resource constraints. What are some feasible ways in which we can attract and retain the best
      527 words
    • Article, Illustration
      Lock icon Standing firm against global giants
      732 15  -  By Jaslene Pang jaspang@sph.com.sg IT may be harder for small and medium-sized enterprises (SMEs) to survive in competitive markets due to the smaller amount of resources that they have, compared with what multinational corporations (MNCs) have on hand. But SMEs can still thrive if like
      YEN MENG JIIN  -  732 words
    • Article, Illustration
      Lock icon Well schooled in the business of art
      1012 16  -  Out of a university project sprang a business plan that is now a showcase and sale site for Asian art. By Maxie Aw Yeong maxieay@sph.com.sg MOST school projects would have ended with graduation, but Ng Cai Lin’s entrepreneurial project continued. Artyii was born
      NEO XIAOBIN/THE STRAITS TIMES  -  1,012 words
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  • WORLD
    • Article, Illustration
      Lock icon European inflation accelerates to fastest in 21/2 years
      642 17 Consumer-price growth quickens to 2.8% in April from 2.7% in March Bloomberg Zurich EUROPEAN inflation accelerated to the fastest in two-and-a-half years in April, increasing pressure on the European Central Bank to raise borrowing costs further. Consumer-price growth in the 17-nation eurozone
      Bloomberg; REUTERS  -  642 words
    • Article
      Lock icon Eurozone aid yet to show results: ECB’s Noyer
      409 17 Reuters Tokyo THERE is a lingering sense of crisis surrounding public finances in the European Union because financial programmes to support some member countries have yet to be shown to be successful, European Central Bank governing council member Christian Noyer said yesterday.
      Reuters  -  409 words
    • Article
      Lock icon Dubai govt steps in unexpectedly to save bank
      318 17 AP Dubai DUBAI’S government unexpectedly intervened yesterday to take over Dubai Bank, a cash-strapped lender jointly owned by the Dubai ruler’s investment company and the developer of the world’s tallest tower. The government, in a statement issued by the city-state’s media office,
      AP  -  318 words
    • Article, Illustration
      Lock icon Hackers used Amazon servers in Sony attack
      1095 18 Cloud services are attractive for hackers as the use of multiple servers can facilitate tasks such as cracking passwords Bloomberg San Francisco FOR three pennies an hour, hackers can rent Amazon.com Inc’s servers to wage cyber attacks such as the one that crippled
      Bloomberg; AP  -  1,095 words
    • Article, Illustration
      Lock icon India inflation eases but June rate rise seen
      566 19 Analysts expect benchmark lending and borrowing rates to be raised by 25 basis points each on rising energy costs Reuters New Delhi INDIA’S headline inflation eased in April on lower manufacturing prices, but the prospect of rising energy costs will keep pressure
      Reuters; AP  -  566 words
    • Article
      Lock icon Indian banks showing signs of strain
      615 19 Bloomberg Mumbai CREDIT-DEFAULT swaps tied to Indian banks are rising the most this month among the so-called BRIC nations as banks increased provisions, saying their customers will feel the strain of higher interest rates. Contracts tied to govern-ment-owned State Bank of India, which some
      Bloomberg  -  615 words
    • Article
      Lock icon India drugmaker inks agreement with Sanofi
      196 20 Reuters Mumbai INDIAN drugmaker Glenmark Pharmaceuticals said yesterday that its unit has signed a licensing agreement with France’s Sanofi to develop and commercialise a novel monoclonal antibody, sending its shares up nearly 20 per cent. Under the terms of the agreement, Glenmark is expected
      Reuters  -  196 words
    • Article, Illustration
      Lock icon BP seeks to buy out billionaires in joint venture
      609 20 The buyout offer may be worth about US$30b, which Rosneft may join Bloomberg Moscow BP PLC is seeking to buy out its billionaire partners in Russia’s third-largest oil producer, as a planned share swap with state-con-trolled OAO Rosneft expires yesterday, said
      Bloomberg; AFP  -  609 words
    • Article
      Lock icon Citic to buy Gold One for A$444m
      299 20 Bloomberg Sydney CITIC Group, China’s biggest stateowned investment company and partners agreed to buy Gold One International Ltd for about A$444 million (S$588 million), gaining gold assets in South Africa. The group is offering 55 cents a share for each of Gold One’s,
      Bloomberg  -  299 words
    • Article
      Lock icon Mitsubishi UFJ Q4 profit down 82%, forecasts 3% rise this year
      613 21 Results weighed down by losses at non-commercial banking units Reuters Tokyo MITSUBISHI UFJ Financial Group posted a sharp fall in final quarter profit yesterday, weighed down by losses at non-commer-cial banking units, and forecast a weaker-than-expected rise this year
      Reuters  -  613 words
    • Article, Illustration
      Lock icon Shanghai puts leash on dog ownership
      387 21 Reuters Shanghai FOR decades, most Chinese residents of Shanghai have resigned themselves to the country’s strict one-child policy. But now, a similar restriction on dogs has them howling mad. Raising dogs was banned under the rule of late Chinese leader Mao Zedong as a
      Reuters; REUTERS  -  387 words
    • Article
      Lock icon China needs to raise rates to curb inflation: bank adviser
      358 21 Reuters Beijing CHINA needs to raise interest rates further to rein in inflation, which is likely to stay high in coming years due to rising global commodity prices, Li Daokui, an adviser to the People’s Bank of China said yesterday.
      Reuters  -  358 words
    • Article
      Lock icon China imposes duties on EU potato starch
      553 22 Beijing says its probe found EU firms enjoyed subsidies of up to 11.19%, days after the EU clamped duties on glossy paper from China Reuters Beijing CHINA yesterday hit the European Union with its first anti-subsi-dy duties just days after the EU imposed
      Reuters  -  553 words
    • Article, Illustration
      Lock icon Aussie PM Julia Gillard faces shrinking support: polls
      454 22 And for the first time, opposition leader is rated higher than her AFP Sydney SUPPORT for Australian Prime Minister Julia Gillard has plunged to record lows, polls showed yesterday, with the Opposition saying it proved she has stopped listening to the electorate.
      AFP; REUTERS  -  454 words
    • Article
      Lock icon Japan consumer confidence falls to two-year low
      552 23 Index down to 33.1 in April from 38.6 in March. The 5.5-point drop is sharpest to date AFP Reuters Tokyo JAPANESE consumer confidence fell at the fastest pace on record in April from the previous month, data showed yesterday, after March’s earthquake, tsunami
      AFP; Reuters  -  552 words
    • Article
      Lock icon Thaksin’s sister is first woman to run for Thai premiership
      324 23 AFP Bangkok THE youngest sister of fugitive Thai ex-prime minister Thaksin Shinawatra yesterday said that she would stand as the main positionparty’scandidateforpremier in July’s general election. Yingluck Shinawatra’s nomination by the Puea Thai party makes her the first woman to
      AFP  -  324 words
    • Article
      Lock icon French brands are tops for Chinese shoppers: poll
      250 23 AFP Hong Kong FRENCH labels are the most sought-after luxury products for Chinese shoppers, a survey showed yesterday, as a booming economy creates a growing legion of newly affluent consumers. French brands are the top choice for mainland buyers, followed by those
      AFP  -  250 words
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      61 19 Tuck into CEO THEGREAT outoockCHARITY Feast on great hawker fare prepared personally by S'pore's top bosses Feel good because all proceeds go to charity When: Every Friday (7-9pm) Where: Food Republic Beer Garden* at St JamesPower Station the new paper *Opens daily from 6pm to 5am (Sunday to Thursday) and
      61 words
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      Lock icon Page 20 Advertisements Column 1
      50 20 Heartbeat Of The Indian.. Community 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. t a a roMW.iNi'i HE INDIAN THEWARTBtAtOT r:jjgegassss gjgjfegsgffiS* Ms5»-r= For more details, call 9171 -4327 9693-0266 or email tabla@sph.com.sg
      50 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon The real watershed election: GE 2016
      1724 24/25  -  Head-based ‘smarts’ alone are simply not enough for this changed electorate. By Dinesh Senan By Dinesh Senan ~The author is chairman CEO of Fuelcor Global, a high-technology clean energy manufacturing corporation IT WAS a big mistake on the part of many within the PAP,
      AP  -  1,724 words
    • Article
      Lock icon Regional commodity exchanges are viable
      469 24/25  -  letter to the editor| Jignesh Shah Vice-chairman of Singapore Mercantile Exchange and chairman of Financial Technologies Group THE write-up in the Hock Lock Siew column, “SMX’s strategy runs into questions”, (BT, May 13) makes some very interesting observations and manages to put a lot of
      469 words
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  • AVIATION
    • Article
      Lock icon US developing unmanned armed planes
      599 26 AP Yokosuka, Japan THE US is developing aircraft carrier-based drones that could provide a crucial edge as it tries to counter China’s military rise. American officials have been tightlipped about where the unmanned armed planes might be used, but a top Navy officer has told
      AP  -  599 words
    • Article, Illustration
      Lock icon Engine fire on Cathay flight forces an emergency landing
      461 26 136 passengers onboard were unharmed AFP Reuters Singapore AN engine fire forced an Indone-sia-bound Cathay Pacific Airbus to make an emergency landing in Singapore shortly after it took off from the city-state yesterday, airport officials said. The Airbus A330-300 plane’s 136
      AFP; Reuters; REUTERS  -  461 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      335 26 CRYPTIC CROSSWORD Across 1 Cast off for a change but where to? (8,4) 9 Satellite tribe dressed in gold (7) 10 Soldiers’ brisk jog (7) 11 A 9’s unusual input into cover for schoolbook (7) 12 A married man is to make economies (7) 13 Pigment that’s hot in molten
      335 words
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  • SHIPPING
    • Article
      Lock icon Main freight index to rebound in H2: poll
      360 27 It will average 1,500 points on recovery in Aussie coal exports Reuters Singapore THE main global freight index will rebound in the second half of this year to average 1,500 points, driven by a recovery in Australian coal exports and strong shipping
      Reuters  -  360 words
    • Article
      Lock icon Warning shots fired at M’sia aid ship to Gaza
      321 27 AFP Kuala Lumpur ISRAELI naval forces fired warning shots yesterday at a ship carrying aid to Gaza as it approached the shore, forcingittowithdrawtoEgyptianwaters,thevessel’s Malaysian organiser told AFP. “The MV Finch, carrying sewage pipes to Gaza, had warning shots fired at it
      AFP  -  321 words
    • Article
      Lock icon SHIPPING TIMES
      2918 28 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
      2,918 words
    • Article
      Lock icon Global LNG supply tight from late 2011: Barclay’s Capital
      355 31 Japan gas demand forecast raised due to lost nuclear power Reuters London JAPAN’S increased demand for liquefied natural gas could lead to tight global supply by the end of this year, analysts at Barclay’s Capital said yesterday. Barcap has raised its
      Reuters  -  355 words
    • Article, Illustration
      Lock icon Indian seamen may boycott Gulf of Aden
      438 31 They are easy prey to Somali pirates who hijack vessels and crew Bernama New Delhi INDIAN seafarers have threatened to refuse to sail to pirate-infested Gulf of Aden if foreign governments failed to stem surging violent attacks on seamen on high seas. About
      Bernama; AFP  -  438 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 31 SGX '000 May 16 S$ +/-Vol CH Offshore 0.46 -0.01 122 Chuan Hup Hldg 0.23 -0.01 116 Cosco Corp 2.06 -0.03 7913 CWT Ltd 1.24 -0.04 1704 Ezra Hldgs 1.58 -0.01 2791 First Ship Lea 0.38 -0.01 578 Freight Links 0.06 unch 164 Grand Banks 0.42 -0.05 400
      278 words
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      Lock icon Page 27 Advertisements Column 1
      306 27 IMDEX Asia SOU Asia Pacific's Only Dedicated International Maritime Defence Show 18 20 May 2011 Changi Exhibition Centre Singapore IMDEX ASIA i INVITATION TO i IMDEX ASIA 2011 www.imdexasia.com X 1 Ik The New Era of Maritime Defence has sailed in at IMDEX Asia 2011! Capitalise on the wave of
      306 words
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      Lock icon Page 29 Advertisements Column 1
      26 29 Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT *****327, THE BUSINESS TIES PLACE YOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES
      26 words
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      27 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. THE BUSINESS TIMES SHIPPING TIMES
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      176 31 SHIPPING TIMES THE BUSINESS TIIVIES SHIRRIIMG TI IVIES CALI IOE WONG AT 9620 1 327 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services WEBSITE: www.rickmers.linie.com Vessel Voy Houston New Orleans Philadelphia Antwerp Hamburg Genoa Jakarta ETA SIN Laemchabang Haiphong Hochiminh Shanghai Xingang Rickmers Hamburg 300 27/04 23/04 07/05 19/05
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  • SGX
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      Lock icon SGX CATALIST
      10122 35 Transaction date: May 16 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 15.5 unch 272 15.5 15.5 15 15.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 +1 6827 8
      10,122 words
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 35 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 2 0 0 0 2 11 2 Manufacturing 26 86 59 2 5 12 28 91 71 Commerce 9 24 24 3 4 3 12 28 27 Tpt/Stor/Comms 7 23 12
      186 words
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      Lock icon BT SHARE INFORMATION SERVICE
      848 35 For week beginning May 9 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Uni-Asia Fin Corp 13-May-11 Yamashiro Motokuni Sell 500 na ***** 6.42 ***** 6.26 Creative Master Ber 13-May-11
      848 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 35 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,565 23,565 91,108 91,108 Manufacturing 167,835 6,795 174,630 174,242 877 175,119 Commerce 70,237 4,394 74,631 73,525 1,205 74,730 Tpt/Stor/Comms 89,715 2,938 92,653 158,219 319 158,538 Finance 12,972 12,972 116,140 116,140 Construction 17,806 1,573 19,379 5,238
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 36 May 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.361 1.284 Can dollar 1.309 1.259 Euro 1.788 1.72 Sterling pound 2.055 1.976 NZ dollar 1.008 0.96 US dollar 1.265 1.217 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      94 36 YTD change: -1.68% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: -0.33% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +8.80% 52-week high: 12,876.00 on May 2, 2011 52-week low: 9,614.32
      Source: Bloomberg  -  94 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 36 In local curr In S$ In US$ dy yr dy yr dy yr May 13 Index Change Change Change Change Change Change World Index Preliminary 926.6 -0.4 3.2 -0.3 2.1 -0.5 5.1 ‡EAFE Preliminary 800.4 -0.3 -0.1 -0.3 0.6 -0.4 3.6 Europe Preliminary 1195.8 -0.3
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 36 May 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3196 1.3213 1.0569 1.0574 Canadian dollar 1.2848 1.2867 1.0290 1.0297 Euro 1.7635 1.7652 1.4124 1.4126 NZ dollar 0.9797 0.9812 0.7846 0.7852 Sterling pound 2.0222 2.0242 1.6196 1.6199
      154 words
    • Article
      Lock icon LIFFE
      82 36 May 13 COCOA (£/tonne) Close Prev High/Low May 11 1857 1845 1859/1840 Jul 11 1871 1874 1894/1863 Sep 11 1896 1899 1920/1888 Dec 11 1920 1923 1943/1909 COFFEE (US$/tonne) Close Pev High/Low May 11 2520 2505 2540/2500 Jul 11 2527 2511 2553/2506 Sep 11 2557 2541 2583/2535 Nov 11
      82 words
    • Article
      Lock icon CHICAGO BOT
      93 36 May 13 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 11 1337.*****5.*****2.*****1.00 Jul 11 1329.*****2.*****3.*****1.75 Aug 11 1326.*****0.*****9.*****0.25 Sep 11 1318.*****3.*****2.*****3.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 11 55.75 56.21 56.50 55.75 Jul 11 56.14 56.46 56.89 55.81 Aug 11 56.39 56.71 57.07
      93 words
    • Article
      Lock icon OIL
      75 36 May 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.00 0.18 WTI (Near Mth) 99.27 0.70 Dubai (1-Mth F) 107.25 1.66 Tapis blend 121.16 1.63 Minas 117.56 1.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.06 -0.38 Jet Kerosene 126.85 1.60 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      71 36 May 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2590.25 2634.00 3 months 2568.00 2615.00 Copper, Grade A (US$/tonne) Cash 8769.75 8712.00 3 months 8788.00 8730.00 Lead (US$/tonne) Cash 2300.75 2318.50 3 months 2291.00 2307.50 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      66 36 May 16 GOLD (US$/oz) May 13 May 16 Hong Kong 1518.*****0.50 May 12 May 13 London 1492.*****5.59 1493.*****6.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.16 42.63 Source: UOB PLATINUM Lon (US$/oz) May 13 Close Previous PM Fix 1774.*****0.00 AM Fix 1778.*****5.00 Source: Thomson Reuters PLATINUM NYMEX
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    • Article
      Lock icon PALM OIL
      67 36 May 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3351 3389 3409 3350 604 ***** Jul 11 3261 3294 3313 3255 4682 ***** Aug 11 3243 3255 3275 3228 ***** ***** Sep 11 3222 3245
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  • PROPERTY
    • Article, Illustration
      Lock icon Korea’s bad bank faces many challenges
      939 37 Market sentiment and investor confidence hit by recent filings for receivership by mid-sized developers news analysis Xinhua Seoul SOUTH Korea’s financial watchdog said in early May that it will establish a bad bank, a special entity to purchase soured loans owed by builders and
      Xinhua; BLOOMBERG  -  939 words
    • Article, Illustration
      Lock icon The poor fighting for their homes to lose legal aid
      857 38 New York’s budget cuts may soon put a stop to the foreclosure-prevention programme NYT New York IN the large immigrant community of Jamaica, Queens, which is ground zero of New York City’s foreclosure crisis, a small squad of young lawyers
      NYT; BLOOMBERG  -  857 words
    • Article
      Lock icon China steps up rebuilding of Urumqi’s slum areas
      351 39 Xinhua Urumqi CHINA is upping its efforts to tear down mud-and-brick makeshift houses and replace them with modern concrete apartments in the slum areas of the north-western city Urumqi. The sprawling slum areas are home to 250,000 people, mostly ethnic Uighurs, in
      Xinhua  -  351 words
    • Article, Illustration
      Lock icon UK property asking prices up 1.3%
      564 39 Fewer sellers list with realtors over recent public holidays, limiting supply of homes for sale Bloomberg London UK home sellers raised asking prices to the highest since June 2008 this month after public holidays in April limited the supply of property for sale. Average
      Bloomberg; BLOOMBERG  -  564 words
    • Article
      Lock icon Asia-Pac industrial properties shine
      477 40  -  88% of region’s submarkets expand or hold steady in the six months to March 2011: Colliers By Rebecca Liu rebeccal@sph.com.sg Singapore AGAINST the backdrop of global shocks,theAsiaPacific’sindustrial property markets are showing signs of slowing to more sustainable levels following a heated period of above-trend growth across
      477 words
    • Article, Illustration
      Lock icon Aon leasing a third of London’s Cheesegrater
      357 40 Bloomberg London AON Corp agreed to become the first tenant in the Cheesegrater, a skyscraper in the City of London financial district that’s due to be completed in 2014. Aon will occupy almost a third of the 47-storey tower, according to a statement
      Bloomberg; BLOOMBERG  -  357 words
    • Article
      Lock icon Australian home loan approvals in surprise drop to to-yr low
      372 40 Bloomberg Sydney AUSTRALIAN home-loan approvals unexpectedly dropped in March to the lowest in more than 10 years as higher interest rates kept homebuyers on the sidelines and the central bank said that the economy may have contracted. The number of
      Bloomberg  -  372 words
  • Page 37 Advertisements
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      19 37 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices MATS NOTICES
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      103 37 For Sale by Tender Prestigious Good Class Bungalow at Victoria Park Road District 10 A regular elevated GCB plot with: i. a 2½-storey modern-designed detached house; and ii. a 2-storey colonial-style black and white detached house Site Area: approx 32,077 sq ft Total Floor Area: approx 20,000 sq ft Quiet
      103 words
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      46 38 HOT PROPERTY H w"°f/ontaae K scape. Quj e t Prfm Utlf u ,an dCa n sub-divide. '°cation. i /s not actual s WIDE FRONTAGE Check this out and many other properties in CATS Classified in The Straits Times now! [*Ara BUY IT• SELL IT• FIND IT
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      59 38 EXCELLENT PROPERTY FOR SALE Freehold Hotel Old Cinema Building •Commercial Building/Unit Lounge Food Court/Restaurant Good Class Bungalow/ Bungalow S$ 6 m to S$ 60 m 9066 7787pissms Any Good Property For Sale, Pis SMS Linkvest Properties Pte Ltd ALE LEAS ME-own TOP soon 1 min walk to Tanjong Pagar MRT
      59 words
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      Lock icon Page 38 Advertisements Column 3
      51 38 THE LEADING BUNGALOW SPECIALIST Id mm .-••a HI ISal 61(1X^0080: 1U t Best Investment! Land@Olive Road L: ***** B:68oo 4 1 Rooms View to appreciate (Sole Agent) Last Call! Best Value! Land Steven Road Vicinity L***** $3iM Land Holland Vicinity ***** sf. $3xM. (Rare piece!) Land Belmont Vicinity ***** sf.
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      69 39 CLEMENCEAUAVEU/C PHOLI HAVELOCK RD U/C PROPOSED HOLIDAY INN EXPRESS DEVELOPMENT SEACARE HOTEL JLN KUKOH CHINSWEERD CHINSWEERD CTE HOTEL RE OUTRAM PARK LANDMARK TOWER OUTRAM CENTRAL MALL MagazineRd ERP Gantry CHIN SWEE RD HAVELOCK RD UPPER CROSS STATTAN MANHATTAN HOUSE PEARL’S HILL RD Subject Property CROSS ST UPPER CRESCENT TERRACE TERRACE
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