The Business Times, 24 May 2011
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2011-05-24
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The Business Times
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Title Section23 2011-05-24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, May 24,23 words
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Article, Illustration582 2011-05-24 1 CONRAD TAN - Europe’s mounting debt threatens to spiral out of control; stock markets in a tizzy By CONRAD TAN [SINGAPORE] Stock markets tumbled across Asia yesterday as a slew of bad news fed worries about a looming debt crisis in Europe and a slowdownPtioto: AP; Source: Bloomberg - 582 words
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Article145 2011-05-24 1 H ST INDEX 3,110.48 (-58.06) H ST INDEX FUTURES 3,111 (-58) H SIMSCI 361.35 (-8.44) H SIMSCI FUTURES 360.80 (-9.20) FOREX US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.615 2.014 EURO (US$/S$/E) 1.403 1.749 Foreign currency per US$ S$ YEN 81.50 65.30 RM 3.060 2.453 HK$145 words
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Article, Illustration658 2011-05-24 1 EMILYN YAP - Headline inflation eases, but price pressures still lurk By EMILYN YAP [SINGAPORE] The Republic’s headline inflation eased to 4.5 per cent in April, going below 5 per cent for the first time this year. This backs the official forecast of how inflation could haveAFP - 658 words
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Advertisement210 2011-05-24 1 COMPANIES Kuok group makes general offer for Allgreen PAGE 5 8 '*****1 *****4 RULE N°5: IT'S A FAST LINE TO GET STRAIGHT TO THE HEART. /r 1 V m.' >/ >v V v.. V V S 5 J i Self-winding mechanical movement Bezel with engraved tachymetric scale Waterproof to 150210 words
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Advertisement40 2011-05-24 1 SPECIAL FEATURE A six-page section on energy efficiency PAGES 19-24 Inc The golden rule at Golden Travel Services ~PAGE 13 Lessons for online retailers ~PAGE 14 Commentary: Strike while the iron is hot ~PAGE 15 Transforming timber production ~PAGE 1240 words
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Advertisement9 2011-05-24 1 ARTS FESTIVAL A solo dance of remembrance PAGE 99 words
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Advertisement9 2011-05-24 1 S-CHIPS Jitters over corporate governance standards re-surface PAGE 29 words
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TOP STORIES
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Article831 2011-05-24 2 Stocks hit by pain in Spain, Greek tragedy STOCK markets tumbled across Asia yesterday as a slew of bad news fed worries about a looming debt crisis in Europe and a slowdown in China’s economic growth. In Asia, all major stock benchmarks ended sharply lower. The Straits Times831 words
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Article, Illustration716 2011-05-24 2 LYNN KAN - But Singapore subsidiary says it was not cited in the China report By LYNN KAN [SINGAPORE] Jitters over the corporate governance standards of S-chips have surfaced once more, this time sparked by an audit report by the Chinese National Audit OfficeBLOOMBERG - 716 words
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Article, Illustration487 2011-05-24 2 LYNETTE KHOO - Hangzhou-Singapore Eco-Park joint venture in doubt By LYNETTE KHOO THE fate of the Hangzhou-Singapore EcoPark (HSEP) project has been thrown into jeopardy as the two companies that are spearheading the project have officially parted ways. According to the Singapore consortium Cleantech Partners (CTP), its487 words
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Article, Illustration364 2011-05-24 4 AFP [LONDON] The flamboyant hat worn by Princess Beatrice at last month’s British royal wedding was sold on Sunday for the princely sum of £81,100 (S$163,276) on Internet auction site eBay. Proceeds from the sale of the hat, designed by Irish milliner PhilipAFP; REUTERS - 364 words
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765 2011-05-24 4 LEE U-WEN - After ministerial pay cut, will high-flyers still find public service attractive? NEWS ANALYSIS By LEE U-WEN [SINGAPORE] With ministerial salaries expected to be cut after a special committee completes its review, one has to wonder what impact this will have in765 words
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Article, Illustration513 2011-05-24 4 RONNIE LIM - By RONNIE LIM [SINGAPORE] Germany’s BASF, the world’s largest chemicals company, will decide by this year-end whether to proceed with a planned RM4 billion (S$1.63 billion) joint investment with Malaysia’s Petronas to produce specialty chemicals in Pengerang, Johor, BT understands. It will513 words
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454 2011-05-24 4 Bloomberg AFP [NEW YORK] The former head of the International Monetary Fund said that the sexual assault charges against him were a “personal nightmare” and insisted that he would be cleared, as jockeying for his vacated post continues. In an e-mail dated SundayBloomberg; AFP - 454 words
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169 2011-05-24 4 PRINCIPLES from the ministerial pay review may be applied to the civil service, Deputy Prime Minister Teo Chee Hean said yesterday. Speaking to reporters after a Home Team function yesterday, Mr Teo, who is also the Home Affairs Minister, said that recommendations169 words
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Advertisement154 2011-05-24 2 The first rule of currency trading: stay current. /Sa GO One of Singapore's largest institutional leverage FX FX brokerage is now open to all investors online. Zero commission As low as 1 pip bid/offer spreads Receive live streaming interbank FX prices from the interbank market Microlots of 5,000 units available154 words
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Advertisement68 2011-05-24 3 Asset Management Wealth Management Asset Services The past The future. We respect them equally. X -1 L-v 7 J x£ ft -a. y-f V ■L i aB HM 53 4 3'* 5V Photograph by Christian Houge Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona68 words
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Advertisement71 2011-05-24 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE This is to inform that PBA is no longer an authorized distributor of Schaeffler Group as at 1 st April 2011. Therefore, PBA (S) Pte Ltd is not authorized to represent the INA and FAG brands. Regional HQ Southeast Asia Schaeffler (Singapore)71 words
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COMPANY NEWS
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Article, Illustration345 2011-05-24 5 UMA SHANKARI - Offer of $1.60 a share, valuing Allgreen at $2.45 billion By UMA SHANKARI MALAYSIAN billionaire Robert Kuok has offered to buy all shares in his Singapore property arm Allgreen Properties, in a privatisation move that values the company at $2.54 billion. Brookvale Investments,BLOOMBERG - 345 words
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396 2011-05-24 5 FELDA CHAY - IPO pricing of its Indonesian unit seen as main cause By FELDA CHAY THE bloodletting would not stop for Indofood Agri Resources. Yesterday, shares of the Singapore-listed company tumbled 15.7 per cent to an 18-month low, largely in reaction to the palm plantation group’s396 words
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Article, Illustration246 2011-05-24 5 Bloomberg [LONDON] Singapore will create more jobs in financial services during the next 12 months than any other city, beating London and New York, said recruiter Astbury Marsden, which advises companies in Europe and Asia. A survey of investment bankers showed that 37Bloomberg; FILE PHOTO - 246 words
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232 2011-05-24 5 JOYCE HOOI - By JOYCE HOOI KEPPEL Fels has won a US$180 million contract to build a KFELS B Class jack-up drilling rig for Vision Drilling, a wholly owned subsidiary of Dynamic Offshore Drilling. Along with the deal for one rig was the option for Dynamic Offshore232 words
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Article, Illustration398 2011-05-24 6 JOYCE HOOI - Cost efficiencies help lift profit despite 10% decrease in revenue By JOYCE HOOI KSH Holdings posted a 20 per cent increase in net profit for the full year ended March 31, 2011, from $17.98 million to $21.59 million. Revenue for the same period dippedFILE PHOTO - 398 words
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410 2011-05-24 6 Reuters [SHANGHAI] Swiss private bank Julius Baer said yesterday that it had received a government quota of US$100 million to invest in Chinese securities and will launch a China fund to give its clients exposure to the world’s fastest-growingReuters - 410 words
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1172 2011-05-24 6 SOVANN GIANG, UANTCHERN LOH - Though not mandatory, it is important to have a best practice guide COMMENTARY By SOVANN GIANG, UANTCHERN LOH Sovann Giang is the executive director of the Singapore Institute of Directors, and Uantchern Loh, president of the Institute of Internal Auditors, Singapore THE Code of Corporate1,172 words
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Article357 2011-05-24 7 JAMIE LEE - Q4 earnings slide 34.4% due to smaller writeback while full-year profit more than triples By JAMIE LEE BUKIT Sembawang Estates reported a 34.4 per cent slide in net profit for the fourth quarter despite a strong surge in sales, due to a smaller writeback this357 words
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COMPANY BRIEFS
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80 2011-05-24 7 INDONESIA’S listed property company Lippo Karawci Tbk (LPKR), through a series of transactions totalling $197.4 million, will emerge as the largest shareholder of Lippo-Mapletree Indonesia Retail Trust (LMIRT) and the 100 per cent shareholder of the trust’s management, LMIRT Management. “LPKR will effectively own80 words
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107 2011-05-24 7 [SINGAPORE] Noble Group, the Singapore-listed commodities supplier backed by China’s sovereign wealth fund, approached banks seeking US$2.25 billion of revolving credit facilities, according to a person familiar with the matter. The company is seeking one and three-year loans and will use the proceeds for refinancing,107 words
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59 2011-05-24 7 SWIBER Holdings has secured contract wins from oil majors worth some US$109 million for projects in Indonesia, Malaysia, Thailand and Vietnam. These include the execution of offshore construction projects, chartering offshore construction and support vessels and the execution of subsea and related projects, all59 words
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61 2011-05-24 7 [BANGKOK] Kim Eng Securities (Thailand) Pcl said Maybank Investment Bank Bhd offered to buy all the shares it doesn’t own in the Thai brokerage at 16 baht apiece, according to a regulatory filing. Maybank Investment Bank is a unit of Malayan Banking Bhd,61 words
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Article55 2011-05-24 7 MUN SIONG Engineering has entered into a $2 million agreement with six individuals to acquire 80 per cent of the issued share capital in Wing Wah Industrial Services, which deals in mixed construction, manufacturing and process plant engineering activities. It intends to fund the proposed acquisition55 words
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285 2011-05-24 7 Reuters [HONG KONG] RSR Capital, a hedge fund launched by former Goldman Sachs Group Inc and Morgan Stanley traders, aims to boost assets by more than 60 per cent to US$100 million this year as its strategy gains investor favour, said partnerReuters - 285 words
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220 2011-05-24 7 TEO SI JIA - JV will provide professional training and consultancy By TEO SI JIA RAFFLES Education Corp has entered into a joint venture to pursue opportunities in the Middle East. The education provider, through new subsidiary Raffles Education Middle East Private Limited, has entered into a shareholders’ agreement220 words
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247 2011-05-24 7 LYNN KAN - By LYNN KAN SPICE i2i has finally acquired Indonesia’s Affinity Group which it will pay US$175 million for. The acquisition comes with with a few personnel changes and waivers to certain precedent conditions. One such waiver relates to an overstatement of US$10 million247 words
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Advertisement42 2011-05-24 5 HKUST EMBA for Chinese Executives ntftMmm it ash HKJltlf mmmrnz• ggg'iitatMsaia liRA: M§61® (Christy Wong) (Mandy Chi) IS: (852) 2358-8996 (852) 2358-5790 H i|5: ustemba@ust.hk tit: www.bm.ust.hk/ustemba r 3IZW4£t!ll/rj mm 201 28 0 (7A) T^F2:00-4:00 Hotel) K$r?gJl MmSEMBAlS^^feS ftmmwmm lit J BB42 words
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Advertisement172 2011-05-24 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< World's Finest 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 of172 words
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Advertisement108 2011-05-24 6 THE LEADING BUNGALOW SPECIALIST 111 Serene: '*****080 (•all Ms 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. $25M FOR108 words
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Advertisement1044 2011-05-24 6 BUY IT SELL IT FIND IT MATS I r" F C Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIA ENGINEERING (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8663E Extract of the Minutes of an1,044 words
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Advertisement153 2011-05-24 7 FutureChina Global Forum 2011 11 -12 July 2011 Shangri-La Hotel Singapore China in the Next Phase: Marching to a New Drumbeat Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including Organizer iffijgfcU nu BUSINESS CHINA SINGAPOJ Platinum Sponsors TEMASEK wilmar Lee Kuan Yew,153 words
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Advertisement12 2011-05-24 7 For more information, please contact us +65 6514 8376 or email amp@ntu.edu.sg12 words
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SINGAPORE MARKETS
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Article, Illustration611 2011-05-24 8 R SIVANITHY - ST Index tumbles 1.8%, in tandem with the sell-off in regional markets STOCKS R SIVANITHY Senior Correspondent EUROPE’s debt problems, the impending end of “QE2” in the US, China’s tightening to rein in inflation, and a general sense that growth and earnings are setSource: Bloomberg - 611 words
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Article186 2011-05-24 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 3 0 0 0 1 12 3 Manufacturing 22 91 60 4 10 9 26 101 69 Commerce 7 30 21 0 7 3 7 37 24 Tpt/Stor/Comms 5 29 8186 words
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Article121 2011-05-24 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,153 32,153 100,174 100,174 Manufacturing 250,964 34,759 285,723 332,210 1,269 333,478 Commerce 83,671 12,050 95,721 123,845 3,163 127,008 Tpt/Stor/Comms 192,615 1,994 194,609 299,441 234 299,675 Finance 17,871 17,871 163,985 163,985 Construction 21,775 1,381 23,156 7,239121 words
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Article113 2011-05-24 8 Stock name Close Change CapMallsAsia 1.590 -0.050 CapitaLand 3.100 -0.040 CapitaMall 1.930 CityDev 11.040 -0.240 ComfortDelGro 1.450 -0.040 DBS Grp 14.500 -0.240 F&N 6.010 -0.150 GLP 1.950 -0.060 Genting SP 1.980 -0.060 Golden Agri 0.690 -0.015 HK Land 7.360 -0.120 JMH 51.740 +0.180 JSH 29.900 -0.040113 words
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Article64 2011-05-24 8 May 23 VALUE CLOSE BT OB/OS -281.00-212.00 BT CADI -*****.00-249.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 745.43 -14.79 FTSE ST Small Cap 528.21 -7.35 FTSE ST All Share 761.30 -14.12 FTSE ST China Top 262.60 -7.59 FTSE ST China 300.25 -6.10 FTSE ST Catalist64 words
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Article58 2011-05-24 8 VOLUME Genting SP 146,057,000 Golden Agri 94,348,000 IndoAgri 82,868,000 Dyna-Mac 51,465,000 Cosco Corp 42,704,000 BerlianLaju 37,510,000 Artivision 36,927,000 Noble Grp 33,638,000 Yangzijiang 24,142,000 SingTel 22,728,000 VALUE($) Genting SP 291,082,510 IndoAgri 148,241,601 DBXT MSAsExJp 10US$ 125,288,750 Cosco Corp 82,631,030 SingTel 71,623,726 Noble Grp 67,385,410 Golden Agri 64,827,991 Keppel58 words
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BROKERS’ TAKE
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Article, Illustration431 2011-05-24 8 JOYCE HOOI - May 23 close: $0.94 OCBC Investment Research, May 23 Compiled by JOYCE HOOI CACHE Logistics Trust announced on May 12 that it has completed the acquisition of 4 Penjuru Lane for $8.9 million. 4 Penjuru Lane is a 55,000 sq ft single-storey warehouse approved for chemical andSource: Bloomberg - 431 words
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Article136 2011-05-24 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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438 2011-05-24 8 CURRENCIES Reuters [LONDON] The euro plumbed a two-month low versus the US dollar and a record trough against the Swiss franc yesterday, hit by a barrage of negative political and economic news from the eurozone that could lead to further declines. The euroReuters - 438 words
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Article115 2011-05-24 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4239 92.3 1.8 GLD 10US$ ***** 82.3 0.5 IS MSCI Spore 1418 26.2 1.5 JMH 5174 22.4 0.3 UOB 5.05%NCPS 100 ***** 20.0 0.2 Hyflux 6% CPS 10 ***** 10.0 0.1 CombWill 100 268 8.0 3.1 DBXT SPASX200 10US$ 3585 7.5115 words
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Article124 2011-05-24 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-422.6 -2.7 DBXT MSKorea 10US$ 6084-226.9 -2.9 DBXT E50 10US$ 4370-209.4 -3.7 DBXT FTVietnam 10US$ 2762-170.8 -4.7 DBXT MSAsExJp 10US$ 3314-165.8 -3.9 Jardine C&C 3800 -92.0 -2.4 DBXT MSINDO 10us$ 1504 -59.8 -3.1 DBXT MSTHAI 10US$ 1660 -52.4 -2.5 Lyxor Malaysia 10US$124 words
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Advertisement85 2011-05-24 8 30 <7 3D o O ST <2 o o xx "'A o o 0 r. B V LG A R I W m <?/, o \n> y CX3 CO Gerald Genta B V LG A R I OCTO BI-RETRO STEEL CERAMIC ELECTED WATCH OF THE YEAR 20 10 BY A85 words
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SINGAPORE NEWS
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Article, Illustration510 2011-05-24 9 MAXIE AW YEONG - HSBC poll of small-medium business points to strong optimism in trade growth By MAXIE AW YEONG SINGAPORE registered the highest jump in business confidence levels in Asia, indicating strong optimism in the trade growth over the next six months. This is despite510 words
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Article, Illustration560 2011-05-24 9 EDITH PODESTA - In Kuu, Yoshito Ohno pays homage to his father, world famous butoh pioneer Kazuo Ohno, writes EDITH PODESTA SINGAPORE ARTS FESTIVAL writes EDITH PODESTA Contributing reviewer Edith Podesta is the head of acting at Lasalle College of the Arts YOSHITO Ohno’s solo dance piece Kuu560 words
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Article, Illustration506 2011-05-24 9 TAN TECK HENG - ‘Li and Sa’ presents a good model for re-adapting the traditional so that it stays relevant By TAN TECK HENG THE PROBLEM with taking a critical view of a performance like Li and Sa is the religious references that it makes, which demands reverence506 words
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577 2011-05-24 9 NATALIE KOH - In ‘Inhabitants’, Spain’s Teatro de los Sentidos will showcase a different side of Singapore By NATALIE KOH AFTER living in the same city for a long time, it is only natural that people start turning a blind eye to the small things577 words
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463 2011-05-24 9 MINDY TAN - Hill Knowlton on digital way forward By MINDY TAN JUST 14 days into taking over the position of global executive chairman of Hill Knowlton, Jack Martin appointed Andrew Bleeker, director of Internet advertising for “Obama for America”, as the company’s global digital practice director. “One of the things I did463 words
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CUSTOMER SATISFACTION INDEX OF SINGAPORE
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Article, Illustration706 2011-05-24 10 NISHA RAMCHANDANI - The department store group’s mission is to provide consumers with the highest level of satisfaction, reports NISHA RAMCHANDANI reports NISHA RAMCHANDANI RETAILERSheremust continue to boost service standards in order to meet the changing needs and expectations of today’s customers, especially as Singapore seeks to position itself706 words
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716 2011-05-24 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI FIVE years ago, Borneo Motors embarked on a journey with a simple but clear objective to create the ultimate customer experience. “Our vision is to be the most customer-centric automotive retailer,” said Klaus Redomske, marketing director for Borneo Motors, which716 words
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Article, Illustration904 2011-05-24 10 TEH SHI NING - By TEH SHI NING FEW locals would have trouble recognising the names SingTel, StarHub, and M1. But despite their strong brands, the three telcos have not had much success in lifting the happiness of their customers, going by the latest Customer Satisfaction IndexSMU ISES - 904 words
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Article, Illustration938 2011-05-24 11 TEH SHI NING - The link between perceived value and how satisfied customers are has weakened, reports TEH SHI NING reports TEH SHI NING CHEAPER is not always better not for the customer, nor for business. While slashing prices may work well in the short term, they do notSMU ISES - 938 words
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688 2011-05-24 11 TEH SHI NING - By TEH SHI NING CAN happiness be measured? Certainly, if narrowed down to specify how a customer feels after interacting with a company, says the Institute of Service Excellence at the Singapore Management University (ISES). ISES, the brains behind the Customer Satisfaction Index of688 words
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Advertisement315 2011-05-24 11 DATES INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY 14 July 2011 (Thursday) Masterclasses VENUE Singapore Management University Administration Building 81 Victoria Street Singapore *****5 Raffles Hotel Singapore 1 Beach Road Singapore *****3 WHO SHOULD ATTEND CEOs, COOs, ClOs, MDs, GMs, Directors, key decision makers FEE S $500 (Inclusive of GST)315 words
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SME Inc
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Article, Illustration1138 2011-05-24 12 CHEN HUIFEN - Jason Chang toyed with robots and found a solution that added precision and productivity to his business, reports CHEN HUIFEN reports CHEN HUIFEN IT is easy to mistake Jason Chang for a Transformers fan when he took out a yellow toy robot from a meeting room nextARTHUR LEE - 1,138 words
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726 2011-05-24 12 ASK NUS PROFS Q: How can I minimise disruption and prepare my staff for an impending change in the management? I am expecting the announcement to create quite a stir and am desperate to keep up the morale. YH A: I love that726 words
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Article479 2011-05-24 12 TEH HOOI LING - By TEH HOOI LING ASIAN stocks fell sharply yesterday as traders were spooked by a downgrade of Greece’s credit rating and fears over how the eurozone can dig itself out of its debt hole. Sentiment was also hurt by preliminary data suggesting a slowdown in479 words
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Article, Illustration1077 2011-05-24 13 CLEMENT QUEK - 35-year agency Golden Travel specialises in organising student group tours, mainly to and from China, reports CLEMENT QUEK reports CLEMENT QUEK THERE is a Chinese phrase which Mdm Lin Deng Li holds dear to her heart jin nuo qian jun zhong, hang chengYEN MENG JIIN - 1,077 words
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Article, Illustration1184 2011-05-24 14 MINDY TAN - It’s hard work, and some luck too, that’s made Chasen what it is today, the firm’s MD tells MINDY TAN MINDY TAN THE saying “It’s 20 per cent luck, 80 per cent hard work” aptly describes Chasen’s growth from a humble relocation firm to the investmentMINDY TAN - 1,184 words
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Article, Illustration531 2011-05-24 14 ENYA LIM - By ENYA LIM THE advent of pure-play online brands is a recent phenomenon that has attracted widespread international attention for quickly acquiring global market share and flourishing online brand Boticca certainly attests to this. Barely two years old, Boticca already has quite a mass global following531 words
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541 2011-05-24 14 WONG SU-JIN - FAMILY BUSINESS By WONG SU-JIN WHILE numerous European fashion brands have shifted production to countries with lower labour costs, Italian fashion house Missoni has chosen to stay rooted to its “Made in Italy” tradition. The family-owned firm (a rarity in itself in today’s globalised541 words
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Article861 2011-05-24 15 MICHAEL FRESE - Initiative training gears SMEs up for success COMMENTARY By MICHAEL FRESE IN life, the person who takes the initiative seizes the lead. And this is no less pertinent when it comes to the business world in which Small and Medium Enterprises (SMEs) strive for861 words
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Article, Illustration992 2011-05-24 15 MINT KANG - By MINT KANG STEP into the reception area of MHC Asia’s offices at One Commonwealth, and peals of laughter are immediately audible from the adjacent conference room. The staff who emerge shortly afterward are grinning from ear to ear. The occasion?YEN MENG JIIN - 992 words
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Page 12 Advertisements
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Advertisement9 2011-05-24 12 COMMENTARY Strike while the iron is hot PAGE 159 words
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Page 13 Advertisements
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Advertisement318 2011-05-24 13 SINGAPORE WORKFORCE SKILLS QUALIFICATIONS m \I±L I A keen understanding of customers' needs for convenience and the commitment to service excellence have led Mustafa Centre to scoring the highest in the Customer Satisfaction Index of Singapore (CSISG) 2011 under the supermarket category. Open 24 hours a day, with over 75,000318 words
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Advertisement124 2011-05-24 15 get there The Financial Solutions Provider that Listens At IFS Capital, we guarantee one thing above all We Listen. It's through listening that we're able to use our experience and wide-ranging services to tailor innovative financial solutions to suit your individual needs. We have been doing it since 1987 and124 words
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ECONOMY WATCH
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Article, Illustration600 2011-05-24 16 Depreciation shows investors lowering estimates of global economic growth Bloomberg [NEW YORK] The best-per-forming currencies of 2011 are falling out of favour as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commoditiesBloomberg; BLOOMBERG - 600 words
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390 2011-05-24 16 Reuters [LONDON] Growth in the eurozone’s dominant service sector has slowed faster than expected this month and manufacturers tapped the brakes as growth in new orders decelerated, surveys showed yesterday. Preliminary purchasing managers surveys pointed to marginally slower economic growth inReuters - 390 words
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447 2011-05-24 16 In particular, the industrial sector looks to be fraying Reuters [WASHINGTON] It was fun while it lasted. After several strong quarters, the global economic recovery appears to be sputtering. In particular, the industrial sector, a key driver of the bounce-back from a historic worldwideReuters - 447 words
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Advertisement90 2011-05-24 16 INCREASE YOUR COMPETITIVE ADVANTAGE WITH INFOCOMM LIANHE ZAOBAO INFOCOMM SEMINAR FOR SMEs 2011 □lDimmnmmnn imnaiOipmniniDim loiamntani m M Infocomm solutions are vital business enablers that power up the productivity and efficiency of Small-and-Medium Enterprises. At this seminar, SMEs will share their experiences on leveraging infocomm to achieve business excellence. Technology90 words
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Advertisement393 2011-05-24 16 Leveraging Infocomm Technology For Productivity Growth IDA'S lnfocomm@SME programme supports the varied infocomm needs of SMEs, be it for simple computerisation of a business function, or for large-scale integrated systems that transform the business or sector. Find out what industry support and assistance schemes are available. Ms Catherine Chong, Deputy393 words
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MALAYSIA/INDONESIA
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Article, Illustration608 2011-05-24 17 S JAYASANKARAN - PM has his eyes set on elections which he is expected to call later this year COMMENTARY S JAYASANKARAN KL Correspondent IN A speech to Malaysian students at Oxford University on May 20, Prime Minister Najib Razak said that Kuala Lumpur had608 words
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483 2011-05-24 17 Land clearing moratorium is a compromise: Jakarta AP [JAKARTA] Environmentalists say that Indonesia’s plan to curb forest destruction and reduce greenhouse gas emissions give industry too much leeway to continue clearing vital ecosystems. Indonesia released the details of the US$1 billion programme last week. TheAP - 483 words
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Advertisement1844 2011-05-24 17 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. BBVA Banco Bilbao Vizcaya Argentaria, S.A. Head Office: Plaza de San Nicolas 4, ***** Bilbao, Spain Singapore Branch: UOB Plaza 1, #55-02, 80 Raffles Place, Singapore *****4 Consolidated Balance Sheet (Millions of Euros) Consolidated Income Statement (Millions of Euros) Dec 31, 2010 NET1,844 words
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GREATER CHINA/INDIA
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398 2011-05-24 18 HSBC purchasing managers’ index easing but demand remains firm Reuters [BEIJING] China factories expanded in May at their slowest pace in 10 months while price pressures eased, a purchasing managers’ index showed yesterday, adding to evidence that the economy is moderating as aReuters - 398 words
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Article, Illustration265 2011-05-24 18 AFP [MUMBAI] India’s recovering fraud-hit software outsourcer Mahindra Satyam yesterday swung to an unexpected quarterly net loss, from a profit the previous quarter, due to one-off US lawsuit costs. The company showed a fourth-quarter net loss of 3.27 billion rupees (S$90 million)AFP; BLOOMBERG - 265 words
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225 2011-05-24 18 AFP [BEIJING] China Investment Corp (CIC), the country’s US$300 billion sovereign wealth fund, is looking to Russia for investment opportunities, state media reported yesterday. Russia “has big development potential given its vast market and rich resources”, CIC chairman Lou Jiwei told theAFP - 225 words
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Article, Illustration300 2011-05-24 18 AFP [BEIJING] A work by Chinese artist Qi Baishi was sold at auction in Beijing at the weekend for 425.5 million yuan (S$81.6 million) a new record for a contemporary Chinese painting, the auctioneers said yesterday. The 1946 painting ofAFP - 300 words
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Advertisement294 2011-05-24 18 Chi^b A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund Beneficiaries: 5 Money Fund C. STRAITS TIMES. I Budding Artists Fund r r Extend your love through Friendship and Hope, our theme for ChildAid 2011 an annual charity concert in aid294 words
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Advertisement1983 2011-05-24 19 BT ADVERTORIAL Importance of lowering energy usage It has, as Singapore’s economy has grown, become a national effort involving both the public and the private sectors Bright spark: The Energy Efficiency National Partnership had germinated from within the Sustainable Singapore Blueprint that had been released in April 2009 THE key1,983 words
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Advertisement1587 2011-05-24 20 BT ADVERTORIAL Tackling the energy conundrum World primary energy consumption is expected to grow by 39% over the next 20 years TODAY, industry experts will grapple with the eternal challenge of doing more while using less. They will ruminate on this conundrum especially where the area of energy is concerned,1,587 words
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Advertisement1576 2011-05-24 21 BT ADVERTORIAL Committed to the environment Glaxo Wellcome Manufacturing has invested itself in the well-being of the environment GLAXO Wellcome Manufacturing will be enjoying a double honour at the Energy Efficiency National Partnership (EENP) awards, tonight. The firm, which is part of GlaxoSmithKline’s (GSK) global manufacturing supply network, will be1,576 words
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ENERGY EFFICIENCY NATIONAL PARTNERSHIP
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Article, Illustration942 2011-05-24 22 JOYCE HOOI - JOYCE HOOIlooks at how MSD’s efforts at energy efficiency and saving have paid off, and its ambitious plan to cut energy consumption by 5 per cent per year JOYCE HOOI MSD International GmbH (MSD) had a cunning plan for which the firm is being942 words
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Article, Illustration674 2011-05-24 22 JOYCE HOOI - JOYCE HOOIfinds out what goes into Pfizer Asia Pacific’s award-winning energy management programme JOYCE HOOI PFIZER Asia Pacific Pte Ltd’s winning of the Excellence in Energy Management award at tonight’s Energy Efficiency National Partnership (EENP) awards ceremony comes backed up with some serious674 words
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Article, Illustration695 2011-05-24 23 JOYCE HOOI - JOYCE HOOI looks at its energy-saving project that is somewhat different from those of other award winners JOYCE HOOI IT is not very often that the widely held notions about manufacturing plastic and chemicals run parallel with that of energy efficiency, but Eastman Chemical Singapore Pte695 words
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Article, Illustration1002 2011-05-24 23 JOYCE HOOI - JOYCE HOOIfinds out what’s in store at the National Energy Efficiency Conference JOYCE HOOI AT the National Energy Efficiency Conference 2011, a line-up of speakers all expert in their respective fields will talk about a particular area of energy efficiency, ranging from broad1,002 words
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Article, Illustration1166 2011-05-24 24 PASQUALE PISTORIO - The solution in the medium term lies in energy efficiency and conservation, as well as renewable energies, says PASQUALE PISTORIO PASQUALE PISTORIO The writer is the honorary chairman of STMicroelectronics and its former chief execu tive officer FOSSIL fuels represent 80 per cent of the world’sAP - 1,166 words
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Page 24 Advertisements
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Advertisement90 2011-05-24 24 Proud Partners of The Energy Efficiency National Partnership F,c E^onMobil ASIA PACIFIC BREWERIES SINGAPORE MSD International GmbH (Singapore Branch) xv/ Nestle Nestle Singapore (Pte) Ltd Working together for a healthier world" Roche Keppel Energy Keppel Energy Pte Ltd PETROCHEMICAL CORPORATION OF SINGAPORE (PRIVATE) LIMITED SENOKO ENERGY SUPPLY PTE LTD Pfizer90 words
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WORLD
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750 2011-05-24 25 Asian regulators fear US supervisors will get greater control over the region’s banks Reuters [SINGAPORE] Asia’s financial regulators are becoming increasingly fearful that tough new rules on derivatives trading in the US will give America increasing control over Asian banks. At a closed-door meetingReuters - 750 words
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Article, Illustration582 2011-05-24 25 Payment service spinoff may dilute Yahoo stake’s value Bloomberg [SAN FRANCISCO] Yahoo! Inc took too long to disclose an ownership change in its Asian assets that caused a 12 per cent slump in the company’s stock, investors said. It tookBloomberg; REUTERS - 582 words
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Article, Illustration488 2011-05-24 25 Reuters [MELBOURNE] JPMorgan yesterday added Australia’s Sundance Resources to its list of top takeover targets, after Sundance’s chief was quoted saying that five Chinese companies were interested in becoming strategic partners in its iron ore project in Africa. Sundance has saidReuters; BLOOMBERG - 488 words
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275 2011-05-24 26 Reuters [TOKYO] Sony Corp said yesterday that it would post a US$3.2 billion net loss for the year that ended on March 31, the latest setback for the Japanese consumer electronics giant. The maker of the PlayStation video games, Vaio computers andReuters - 275 words
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Article, Illustration634 2011-05-24 26 Reuters [JOPLIN, Missouri] Search teams, bathed in the harsh glow of floodlights early yesterday, picked through rubble of neighbourhoods and commercial districts demolished by a tornado that killed at least 89 people in the south-western Missouri town of Joplin. “We areReuters; AP - 634 words
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711 2011-05-24 26 Market values firm at more than US$8b, sparking comparison with 1990s bubble NYT [NEW YORK] In a sizzling debut last week on the New York Stock Exchange, investors sent stock in LinkedIn, the social-networking site for business professionals, soaring 109 per cent on itsNYT - 711 words
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Article, Illustration636 2011-05-24 26 Kirsten Dunst wins best actress; Jean Dujardin best actor NYT [CANNES] In a strong year that was nearly eclipsed by off-screen scandals, the top prize for the 64th Cannes Film Festival was given to The Tree of Life, the long-awaited film from theNYT; PHOTOS: REUTERS, XINHUA - 636 words
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Article, Illustration636 2011-05-24 27 Investment bankers promoted in bid to boost franchise in developing markets Reuters [NEW YORK] Wall Street behemoth Goldman Sachs has promoted a number of foreigners with years of experience in Asia to senior investment banking positions, as the firm continues to pin its hopesReuters; REUTERS - 636 words
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488 2011-05-24 27 Reuters AP [ROME] Standard Poor’s surprising decision to revise downward its outlook for Italy could mark the start of increased market scrutiny on the euro zone’s third-largest economy, which faces tough challenges that it is probably unable to meet. This is even asReuters; AP - 488 words
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577 2011-05-24 27 Reuters AFP Bloomberg [ATHENS] Greek Prime Minister George Papandreou discussed new emergency measures with his cabinet yesterday to cut the deficit, keen to convince lenders Athens can deal with a debt crisis without a restructuring. A raft of new austerity measures being studied includeReuters; AFP; Bloomberg - 577 words
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Article, Illustration585 2011-05-24 27 Reuters AP [MADRID] Spain’s ability to meet deficit reduction targets was thrown into doubt yesterday after voters angry over austerity and the EU’s highest jobless rate gave the ruling Socialists a fierce drubbing in local elections. A week of protests by youth fed upReuters; AP; AFP - 585 words
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Advertisement1113 2011-05-24 25 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES KEBC Korea Exchange Bank (INCORPORATED IN THE REPUBLIC OF KOREA) NON-CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As of December 31, 2010 and 2009 Korean Won 2010 2009 ASSETS Cash and due from banks Securities Loans (In millions) W 7,455,434 W 5,902,708 13,161,631 13,829,175 62,423,7631,113 words
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Advertisement31 2011-05-24 26 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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Advertisement71 2011-05-24 26 Choice I jO, w ilMjiJtabla heaR 1BEAX c l .-.-.ogi> nisiHttM no strike takes Stumpy as* jnti<o" u P*~*' r ..t iryjuptc^*^ WoridWP g|J© -is 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.71 words
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Advertisement1269 2011-05-24 27 WATS €0 NOTICES BUY IT-SELL IT- FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ECS GRAPHIC INDUSTRIES PTE. LTD. (IN PROVISIONAL LIQUIDATION! (Company Registration No. *****9809K) NOTICE TO CREDITORS OF FIRST MEETING Notice is hereby given that1,269 words
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Advertisement627 2011-05-24 27 WATfl NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ECS GRAPHIC INDUSTRIES PTE. LTD. (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****9809K) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Take notice that Mr. Lau Chin Huat care of 6 Shenton Way #32-00, DBS Building Tower627 words
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EDITORIAL & OPINION
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458 2011-05-24 28 EDITORIAL IN just over two weeks, captains of global commercial aviation will descend on Singapore for the 67th annual general meeting (AGM) of the International Air Transport Association (IATA) and the World Air Transport Summit. This year’s annual gathering of IATA was458 words
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Article, Illustration1091 2011-05-24 28 PETER DRYSDALE - Failure to conclude it will threaten the multilateral system for deep, geo-political reasons By PETER DRYSDALE The writer is emeritus professor of economics and visiting fellow in policy and governance, Crawford School of Economics and Government, Australian National University of Asia and theREUTERS - 1,091 words
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Article, Illustration723 2011-05-24 28 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent INVESTORS beware! London and emerging stock markets are vulnerable. A further downturn in commodities may also sink stocks. In previous years, commodities and equities rose and fell at different times. Not so these days. The risk723 words
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Article, Illustration1196 2011-05-24 29 LEON HADAR - He recognises that what is happening in the region is complex and requires an accommodating response from Washington LEON HADAR Washington Correspondent DELIVERING his much anticipated address on the Middle East in Washington, US President Barack Obama proved once again that he wasn’t anBLOOMBERG - 1,196 words
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Article, Illustration841 2011-05-24 29 PAUL KRUGMAN - PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT I OFTEN complain, with reason, about the state of economic discussion in the United States. AndNYT; AFP - 841 words
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AVIATION
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Article, Illustration607 2011-05-24 30 But the impact on air travel won’t be as severe as last year, say experts Reuters [REYKJAVIK] An eruption by Iceland’s most active volcano was set to keep the island’s main airport shut yesterday, while other European nations watched forReuters; AP - 607 words
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505 2011-05-24 30 PAULINE NG - Malaysia Airlines forecast to dip into the red in Q1 By PAULINE NG in Kuala Lumpur INVESTORS should stay on the sidelines on aviation stocks as the current sharp fluctuations in jet fuel prices are causing more uncertainties than high oil costs, a stockbroker505 words
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Article, Illustration324 2011-05-24 30 Bloomberg [HONG KONG] Singapore Airlines, the first carrier to fly the Airbus SAS A380, will reduce the number of seats on eight new superjumbos by 13 per cent to accommodate a bigger business class section. The on-order planes will have 409 seats each, includingBloomberg; FILE PHOTO - 324 words
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Article3224 2011-05-24 30 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad NH6292 1855 SQ530 1855 Amsterdam3,224 words
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198 2011-05-24 30 AFP [LONDON] The chief executive of low-cost airline Ryanair yesterday predicted that there would be no large-scale closure of airspace as volcanic ash from Iceland drifts towards Britain. Michael O’Leary was highly critical of the authorities’ response when ash from an Icelandic volcano causedAFP - 198 words
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Page 30 Miscellaneous
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Miscellaneous323 2011-05-24 30 CRYPTIC CROSSWORD Across 1 The sort of flower hotelier gets worried about outside work (10) 6 Raised dough with no agent, initially (4) 9 Youth enrolled in opportunities programme (5) 10 Quicker ways of getting spirits down? (5,4) 12 Major disturbance caused by arrangement of loan factoring (13) 14 Main323 words
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Advertisement18 2011-05-24 31 icjiItllW: TO ADVERTISE, CALL JOE WONG AT *****327 here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES18 words
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SHIPPING
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Article3055 2011-05-24 31 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 CARIBE MAIDEN Muscat/Sharjah/Abu3,055 words
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376 2011-05-24 32 Golden Ocean posts surprise US$15.5m Q1 operating loss on impairments Bloomberg Reuters [OSLO] Golden Ocean Group, the commodity-ship-ping company led by billionaire John Fredriksen, said analysts believe use of drybulk carriers may stay below 90 per cent for 11/2 years as the fleetBloomberg; Reuters - 376 words
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Article278 2011-05-24 32 SGX '000 May 23 S$ +/-Vol CH Offshore 0.46 -0.01 138 Chuan Hup Hldg 0.24 -0.01 358 Cosco Corp 1.89 -0.14 ***** CWT Ltd 1.18 -0.05 3010 Ezra Hldgs 1.53 -0.04 2772 First Ship Lea 0.37 -0.01 660 Freight Links 0.07 0.01 6495 Grand Banks 0.45 -0.05 135278 words
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242 2011-05-24 32 Reuters [HAMBURG] Water levels on the Rhine and Danube rivers in Germany have fallen again after hot, dry weather and some vessels are sailing 80 per cent empty, traders said yesterday. An exceptionally dry spring in Germany has kept water levels low since MarchReuters - 242 words
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Article, Illustration1194 2011-05-24 32 Medicine, food, guns are smuggled into Misrata by small fleet of rebel boats NYT [ABOARD AL IRADAH 6] Near midnight, in the darkness of the deliberately unlit Misrata harbour, the tugboat’s crew loosened its lines from the pier and pulled them aboard. TheNYT; AP - 1,194 words
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Advertisement29 2011-05-24 32 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement16 2011-05-24 32 Experienced Stlf p maintenance services wanted. Can they find your services here in the Shipping Times?16 words
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SINGAPORE STOCKS
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Article8399 2011-05-24 33 Transaction date: May 23 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 15 16 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 7.5 -0.5 1319 8 7.5 7.5 88,399 words
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Article1621 2011-05-24 34 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 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 164 157 161 97.3 1.5 0.5 t Advanced System 0.51,621 words
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Article9807 2011-05-24 34 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.11/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.74/ Aberdeen Asset Mgt Asia Limited American Opp 0.6669/ Asian Credit Fund9,807 words
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Article236 2011-05-24 34 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A49 +0.5 10 49 46 48.5 51 3.6 7.1 3.9 127.6 55 16 Genting HK US$ US40 -0.5 4694 40.5 39 39.5 40 2633.8236 words
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Article856 2011-05-24 34 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112.5 112.5 120 513.5 1077 761 CIMBAsean40 100US$ US1037 -26 9 1040 1037 1020 1036 41.5 350 270 DBS STI856 words
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Advertisement21 2011-05-24 33 k r .K llr^ PURE LEGEND PURE BREITLING 3C INSTRUMENTS FOR PROFESSIONALS' TEL +65 6732 6347 WWW.BREITLING.COM a* NAVITIMER SGD 11,280*21 words
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FINANCE & COMMODITIES
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374 2011-05-24 35 In local curr In S$ In US$ dy yr dy yr dy yr May 20 Index Change Change Change Change Change Change World Index Preliminary 922.7 -0.5 2.8 -0.6 1.1 -0.6 4.5 EAFE Preliminary 795.1 -0.6 -0.7 -0.6 -0.6 -0.6 2.7 Europe Preliminary 1188.7 -0.6374 words
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Article121 2011-05-24 35 May 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.362 1.285 Can dollar 1.297 1.248 Euro 1.785 1.717 Sterling pound 2.05 1.972 NZ dollar 1.013 0.965 US dollar 1.258 1.21 Local dollars to 100 units of foreign121 words
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Article28 2011-05-24 35 May 23 May Open High Sett STI May 3111 SIMSCI May 369.7 369.9 360.8 Taiwan May 312.7 313.4 309.6 Source: MF Global (S) Pte. Ltd28 words
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Article66 2011-05-24 35 May 23 May KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3418 3443 3470 3418 1328 7110 Jul 11 3431 3387 3431 3377 5676 ***** Aug 11 3406 3355 3407 3348 ***** ***** Sep 11 338266 words
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Article470 2011-05-24 35 May 23 May OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7200 0 2757 Sep11 99.6550 0 5051 Dec11 99.5900 0 3123 Mar12 99.4850 0 1078 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6800 0 1466 Dec11 99.6825 0 1957 Mar12 99.6700 0 3877 Jun12470 words
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Article186 2011-05-24 35 May 23 Bid $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.33 0.23 3 months 0.38 0.28 6 months 0.48 0.38 9 months 0.70 0.50186 words
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Article24 2011-05-24 35 May 23 S$ Bid Offer 1-month 1.2467 1.2477 2-months 1.2466 1.2477 3-months 1.2467 1.2477 6-months 1.2464 1.2475 Source: OCBC Source: OCBC24 words
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Article184 2011-05-24 35 May 23 May RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 510.0 502.5 502.5 46 266 Jul 11 500.0 497.8 498.0 30 131 Aug 11 490.0 490.0 490.0 5 57 Sep 11 487.0 481.0 487.0 28 281184 words
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Article79 2011-05-24 35 May 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 25.08.2011 0.32 0.32 0.30 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.19 5-Year N*****0W 1.125 01.04.2016 100.10 10-Year NY*****N79 words
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Article107 2011-05-24 35 May 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1380.25 1379.50 1396.00 1365.00 Aug 11 1371.75 unch 1386.75 1357.50 Sep 11 1360.25 unch 1372.25 1349.25 Nov 11 1350.50 1349.50 1361.00 1337.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 57.46107 words
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Article77 2011-05-24 35 CRUDE OIL PRODUCTS May 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.61 -1.56 WTI (Near Mth) 99.66 1.16 Dubai (1-Mth F) 106.51 -0.21 Tapis blend 118.83 -1.29 Minas 116.23 -0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.11 -0.78 Jet Kerosene 125.40 0.05 US$/barrel Opec Oil77 words
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2712 2011-05-24 35 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1 1 4 25 4.00 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 3.5 -0.52,712 words
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Article464 2011-05-24 35 May 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.868 0.753 8.212 47.828 90.670 0.861 11.596 3.231 1.337 90.750 45.874 1.317 7.376 0.932 30.543 32.112 0.654 1.056 Canada 0.968 6.648464 words
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Article82 2011-05-24 35 May 20 COCOA (£/tonne) Close Prev High/Low Jul 11 1816 1865 1861/1814 Sep 11 1845 1890 1887/1844 Dec 11 1874 1919 1915/1873 Mar 12 1897 1942 1935/1897 COFFEE (US$/tonne) Close Pev High/Low May 11 2534 2533 2550/2530 Jul 11 2543 2549 2577/2535 Sep 11 2579 2583 2609/2570 Nov 1182 words
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Article85 2011-05-24 35 May 23 (US$) (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 mths85 words
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Article156 2011-05-24 35 May 23 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3164 1.3181 1.0559 1.0564 Canadian dollar 1.2745 1.2756 1.0223 1.0224 Euro 1.7482 1.7504 1.4023 1.4029 NZ dollar 0.9844 0.9858 0.7896 0.7901 Sterling pound 2.0133 2.0153156 words
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Article138 2011-05-24 35 GOLD (US$/oz) May 23 May 20 Hong Kong 1513.20 1505.00 May 20 May 19 London 1507.20 1487.90 1508.20 1488.65 Source: Thomson Reuters CAST BAR May 23 (S$) Selling Buying Kilobar 64,786.36 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 60 5gm 412 302 10gm 436 604 20gm138 words
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Article71 2011-05-24 35 May 20 May 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2489.50 2481.25 3 months 2500.00 2499.00 Copper, Grade A (US$/tonne) Cash 9049.75 8927.25 3 months 9071.00 8949.00 Lead (US$/tonne) Cash 2518.00 2482.50 3 months 2510.00 2473.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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PROPERTY
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Article, Illustration861 2011-05-24 36 Wall Street banks packaging collateralised debt linked to commercial mortgages Bloomberg [NEW YORK] COLLATERALISEDdebt obligations linked to commercial real estate may emerge as soon as next month for the first time since 2007 as property values rebound. Moody’s Investors Service has had moreBloomberg; REUTERS - 861 words
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Article, Illustration277 2011-05-24 37 Value of new loans approved also down 36.7% to HK$27.6 billion Reuters [HONG KONG] New mortgage loans drawn down in Hong Kong has totalled HK$26.9 billion (S$4.3 billion) in April, down 12.1 per cent from a month earlier, data from theReuters; AFP - 277 words
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299 2011-05-24 37 It will list in Frankfurt, Munich stock exchanges Reuters [FRANKFURT] German property firm Prime Office aims to launch its initial public offering (IPO) in the regulated Prime Standard index of Frankfurt’s stock exchange and on the Munich exchange this European summer, the group hasReuters - 299 words
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Article, Illustration578 2011-05-24 38 Investors view its outlook as less bullish than rival Land Securities Reuters [LONDON] British Land posted an improved fullyear result and positive outlook for its core markets yesterday, but investors saw these as less bullish than rival Land Securities’ and traded itsReuters; BLOOMBERG FILE PHOTO - 578 words
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Article, Illustration762 2011-05-24 39 KALPANA RASHIWALA - MCLLand sells 150 units in Hougang condo; Pasir Ris EC gets good response By KALPANA RASHIWALA [SINGAPORE] Residential and industrial projects that are affordably priced continue to draw good demand. MCL Land has sold 150 of the 200 units it has released at its762 words
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Advertisement367 2011-05-24 36 FOR SALE BY TENDER 333 thomson road Estate Agent License No. L*****25E sale of 12 out of 20 Duplex Units District 11 Freehold Elevated Ground Fully Tenanted: Immediate Returns Tender Closing 26thMay 2011, 2.30pm INVESTMENT SALES 6533 0220 243 ALEXANDRA ROAD Proposed Built-To-Suit Building for Lease at Alexandra Road Leng367 words
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Advertisement289 2011-05-24 36 ElizabethTower A Site Befitting a Truly Iconic Super-Luxurious Condominium Elizabeth Tower The Paragon Safeguarded 3-storey Landed Estate Orchard Road Ngee Ann City In the Heart of Orchard Road’s Shopping Hospitality Belt Land 54,318 sf; Freehold; up to 36 storeys Allowable GFA 277,682 sf (incl balconies) Great views of ION Orchard,289 words
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Advertisement47 2011-05-24 37 H O T PR O PERTY ECG DYNAMIC ALLIANCE Upper Changi Road Terrace 2400sqft. As big as a Semi-D. Call now for appointment. $2.xm Advertisement shownis not actual si ze. ASBIGASA SEMI-D Check this out and many other properties in CATS Classified in The Straits Times now!47 words
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Advertisement265 2011-05-24 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 ft265 words
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Advertisement528 2011-05-24 38 v Estate Agent Licence No. L*****36J Tranquil, hillside plot off Pasir Panjang Road Vista Park Land area 29,659.1 sq m (approx. 319,248 sq ft) ʻResidentialʼ with GPR 1.4 Next to Kent Ridge Park Rd Near NUS, CBD, RWS and Vivocity Near Pasir Panjang MRT (U/C) Well connected to West Coast528 words
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Advertisement82 2011-05-24 38 SAFFRON London Singapore Hong Kong LONDON PROPERTY OWNERS Your Central London Agent based in Singapore EXPERTS IN LETTINGS PROPERTY MANAGEMENT ARLA approved NAEA registered ISO 9001 Certified we will collect keys inspect property arrange marketing secure new tenants 12 months FREE Property Management services Monty Nawaz +65 6832 5188 +6582 words
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Advertisement41 2011-05-24 38 </) £1 cc o IL COMMERCIAL CONSERVED BLOCK Near Shenton Way Chinatown MRT Approximately 8,000 sq ft Corner block, Heritage Charm 3 storeys with attic, carparks Can be office, residential, restaurant Call 6222 5055 Principals Only 9saf>eICRecJrup s Cflgency email: info@isabelredrup.com www.isabelredrup.com41 words
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Advertisement142 2011-05-24 39 SINGAPORE SHOPPING CENTRE 190 Clemenceau Avenue II 1 Prime commercial: 16 units (4th storey) 27 units (6th storey) en-bloc or in parcels 1 Tenure: 99 years wef 1/5/1948 1 Total Floor Area: Approx. 23,046 sq ft (range from 387 to 2,195 sq ft) 1 Upgraded modern facade 1 Contiguous, column-free142 words
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Advertisement235 2011-05-24 39 Creating a positive legacy Successful partnerships that deliver the next generation of property solutions Lend Lease is one of the world's leading fully integrated property solutions providers with over 60 offices in more than 30 countries. We provide solutions across the full property value chain where we believe we can235 words
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INFINITE SPACES
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Article, Illustration1090 2011-05-24 40 UMA SHANKARI - Property players turning to PE funds to ‘incubate’ assets, reports UMA SHANKARI reports UMA SHANKARI PRIVATE equity funds are changing the way that listed real estate investment trusts (Reits) operate. Many property groups that sponsor Reits including Ascendas and CapitaLand are increasingly turning1,090 words
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Advertisement84 2011-05-24 40 yo pace to I hen as *t su v er i r at\would you like your space to be? into a business space developed by Ascendas, e Singapore Science Park, International Tech Park Bangalore and Dalian Ascendas IT Park, you step into a sanctuary for ideas, creativity and innovation. This84 words
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