The Business Times, 25 May 2011

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Microfilm: NL31342
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 138/08/2010 CO REGN NO *****2868E Wednesday, May 25,
    23 words
  • Article, Illustration
    Lock icon Foreigners snapping up more pricey homes
    603 1  -  Their share of private home-buying has risen, especially at the higher end By UMA SHANKARI [SINGAPORE] The proportion of private homes bought by foreigners jumped to 16 per cent in the first three months of 2011 the highest quarterly percentage ever recorded since Q1
    Source: URA, DTZ Research  -  603 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 G ST INDEX 3,113.09 (+2.61) H ST INDEX FUTURES 3,111 (-1) G SIMSCI 362.35 (+1.00) G SIMSCI FUTURES 361.60 (+0.80) FOREX US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.614 2.013 EURO (US$/S$/E) 1.409 1.757 Foreign currency per US$ S$ YEN 81.90 65.70 RM 3.053 2.448 HK$
    145 words
  • Article, Illustration
    Lock icon Companies Act primed for a major facelift
    830 1  -  Shareholders may be able to sue errant directors; norms may ease for small companies By JAMIE LEE [SINGAPORE] More than 200 proposed changes to the Companies Act were submitted to the Finance Ministry last month with the Act due for a thorough rewrite
    FILE PHOTO  -  830 words
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      41 1 TRANSPORT HUB Surprise fall in Q1 motor insurance claims PAGE 28 EXECUTIVE MONEY Asian stocks set to underperform: Deutsche Bank MD I PAGE 36 Beware risks of private placements I PAGE 35 Contrarian investor shuns social media darlings I PAGE 34
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      13 1 S'PORE ARTS FESTIVAL A game of give and take PAGE 14 *****1 *****4
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      145 1 OPINION Will servant leaders surface among aspiring ministers and MPs? PAGE 25 MOTORING Beyond gantries, a new ERP system PAGE 2 A home above the pulse of the city. Acres of verdant greenery and water gardens take you to levels of sublime resort escapes. Taking in the last light of
      145 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      373 2 Companies Act primed for major facelift MORE than 200 proposed changes to the Companies Act were submitted to the Finance Ministry last month with the Act due for a thorough rewrite said steering committee head Walter Woon yesterday. The committee has also decided against codifying directors’ duties. FRONT
      373 words
    • Article
      Lock icon Beyond gantries, a new ERP system
      410 2  -  By SAMUEL EE [SINGAPORE] Physical gantries could become a relic of the past as the move to develop the next-genera-tion electronic road pricing (ERP) system for Singapore picks up speed. Four consortia will get $1 million each in a tender awarded by the Land
      410 words
    • Article
      Lock icon S’pore policy options get an airing
      849 2  -  Forum wades in on issues from property prices and Sing dollar to immigration By TEH SHI NING [SINGAPORE] Talk of reform and review following the recent watershed election set the tone for the latest Singapore Economic Roundtable (SER), where participants debated policy options and
      849 words
    • Article
      Lock icon Correction
      48 2 IN the report “Asia-Pac industrial properties shine” (BT, May 17), we mentioned that the Asia-Pacif-ic’s industrial property markets are showing signs of slowing to more sustainable levels. This is incorrect. It is the Asia-Pacific economies which are showing signs of slowing. We are sorry for the error.
      48 words
    • Article, Illustration
      Lock icon Just-in-time, a warning for Japan manufacturers
      595 4  -  Damage to supply chains sparks call to modify or abandon production systems By in ANTHONY ROWLEY in Tokyo A PROMINENT Japanese business leader suggested yesterday that Japanese manufacturers might need to modify or abandon their world-famous “just-in-time” production systems in the light of damage
      BLOOMBERG  -  595 words
    • Article, Illustration
      Lock icon Flights disrupted as another volcano erupts
      723 4  -  By VEN SREENIVASAN [SINGAPORE] With the peak summer travel season kicking in, airlines’ worst nightmare could be just around the corner as another Icelandic volcano threatens to blanket Europe with ash. While many industry watchers don’t think the cantankerous Grimsvotn volcano will cause a
      AP  -  723 words
    • Article
      Lock icon KL likely to decide on ways to tackle growing subsidy bill
      452 4  -  By S JAYASANKARAN in Kuala Lumpur THE Malaysian government has hinted that its plan to cut subsidies is on track and that this would be appropriate during a time of economic growth. A high-level meeting chaired by Prime Minister
      452 words
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      131 2 V MALAYSIA'S BEST INDEPENDENT HOTEL STAY WITH THE BEST R !S 5C"S f s: I R 'T JO i We believe in personalised service experience... We believe that being Green makes for good business, yours and ours... We believe that every business executive needs a private Club to call their
      131 words
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      248 2 STANFORD GRADUATE SCHOOL OF BUSINESS NUS National University of Singapore NUS BUSINESS SCHOOL STANFORD-NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 13-27 AUGUST 2011 Real-World Strategies For Global Business. This program presents a unique opportunity to in the vibrant cultures of two of the worl respected institutions; one renowned for its icc
      248 words
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      18 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your a Financial sj Statements 5
      18 words
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      192 3 www.vw. com. sg If you've just bought a sedan without a DSG automatic gearbox DO NOT READ THIS AD. V New Passat with 7-speed DSG. How an executive sedan should be. The all new Passat has all the features you'd expect from a beautifully designed, German-engineered sedan, and a few
      192 words
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      220 4 o sediment Your preferred one stop water provider Removes large, un-dissolved particles ie: dust, sand, rust and all other harmful solid particles. X Pre-Carbon Removes residual chlorine organic chemicals, as well as get rid of bad taste odours. I Ultra-Fine Removes bacteria, clay particle, suspended metal hydroxides, colloidal silica, bacteria
      220 words
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  • COMPANY NEWS
    • Article
      Lock icon Three parties in final race for JTC assets
      537 5  -  Ascendas unit, MIT and Soilbuild said to have been shortlisted By KALPANA RASHIWALA THREE parties a unit of Ascendas group, Mapletree Industrial Trust (MIT) and Soilbuild Group are said to have been shortlisted to take part in the second and final round
      537 words
    • Article, Illustration
      Lock icon Manulife launches Asian bond fund
      493 5  -  Total Return Fund comes with ‘flexibility’ feature By MICHELLE TAN THE Manulife Asia Total Return Fund is the latest Asian bond fund to be launched by Manulife Asset Management Singapore (Manulife) and will be available to retail, high net worth and institutional investors in Singapore
      BLOOMBERG  -  493 words
    • Article
      Lock icon M1 sorry for disruption, offers free services today
      164 5 TO COMPENSATE subscribers who suffered from the service outage last week, telecommunications company M1 is offering free local calls, SMSes, and MMSes to all its customers today. The services will not be deducted from the free minutes and messages on customers’ existing
      164 words
    • Article
      Lock icon RISES
      106 5 BY CENTS CLOSE UP GLD 10US$ ***** 124.6 0.7 DBXT MSAsExJp 10US$ 3353 48.6 1.2 Allgreen 159 44.0 38.3 Jardine C&C 3830 30.0 0.8 DBXT Nifty 10US$ ***** 27.4 0.2 ZhongminBH 197 25.0 14.5 DBXT MSTHAI 10US$ 1678 22.4 1.1 DBS Bk 4.7% NCPS 100 ***** 20.0 0.2 DBS
      106 words
    • Article
      Lock icon FALLS
      121 5 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4813-249.3 -4.0 DBXT FTVietnam 10US$ 2650-139.6 -4.1 JMH 5090-104.7 -1.6 DBXT MSJAP 10US$ 3693 -62.3 -1.3 SIA.ES.1105 1418 -52.0 -3.5 DBXT MSCHINA 10US$ 1245 -41.1 -2.6 IS S&P500 ***** -36.2 -0.2 Daiwa FT Shariah Jap 814 -32.4 -3.1 DBXT SPASX200 10US$ 3563
      121 words
    • Article
      Lock icon Outlook for offshore sector remains buoyant
      544 8  -  Rigbuilders continue to outshine their offshore support vessel cousins By JOYCE HOOI WHILE the offshore sector continues to remain a solid bet in analysts’ books, not all the offshore players have shot out of the gate this year, from the look of their first-quarter
      544 words
    • Article
      Lock icon CapitaMalls Asia converts China fund
      204 8  -  By EMILYN YAP CAPITAMALLS Asia (CMA) is converting a development fund into an income fund, and fresh capital has flowed in to boost the fund’s size to US$900 million from US$600 million. The CapitaRetail China Development Fund (CRCDF) was launched in 2006 with a committed
      204 words
    • Article
      Lock icon Cosco recovers after clarifying
      401 8  -  By LYNN KAN SHARES of Cosco Corporation (S) staged a recovery yesterday after it steered clear of a China audit report on financial irregularities at its Chinese parent company. Analysts here do not believe that the Chinese National Audit Office (NAO) report on the financial affairs
      401 words
    • Article, Illustration
      Lock icon Zhongmin Baihui – real or false demand?
      585 8  - Zhongmin Baihui real or false demand? HOCK LOCK SIEW By R SIVANITHY CHINA stocks listed here, or S-chips as they are popularly known, have had a rough ride over the past year, what with a well-publicised string of accounting and corporate governance failures that have hit many in the segment.
      Source: Bloomberg  -  585 words
    • Article
      Lock icon Audit changes need to pass public interest test: ACCA
      740 8  -  Mandatory rotation of audit firms seen not appropriate By MICHELLE QUAH CALLS to ban audit firms from performing non-audit work are wide of the mark, as are proposals for the mandatory rotation of audit firms, says ACCA (Association of Chartered Certified
      740 words
    • Article
      Lock icon PICTET FUNDS
      267 8 Pictet-Absl Rtn Glo Cons-P EUR 20.05.2011 EUR 101,39 Pictet-Absl Rtn Glo Div-P EUR 20.05.2011 EUR 115,33 Pictet-Asian Equities Ex Japan-P USD 20.05.2011 USD 187,80 Pictet-Asian Local Currency Debt-P USD 20.05.2011 USD 142,95 Pictet-Biotech-P USD 20.05.2011 USD 329,74 Pictet-CHF Liquidity-P 20.05.2011 CHF 124,19 Pictet-Clean Energy-P USD 20.05.2011 USD 80,49
      267 words
    • Article, Illustration
      Lock icon Hour Glass profit hits record $42m on higher margins
      335 10  -  But it warns that inflation pressures could drive up staff, rental costs By FELDA CHAY THANKS to higher gross margins and higher revenue, luxury watch group The Hour Glass reported record net profit for the full year ended March 31, 2011.
      FILE PHOTO  -  335 words
    • Article
      Lock icon Valuetronics Q4 profit up 28%; full-year earnings double
      243 10  -  By HOON YI SHYUAN VALUETRONICS Holdings an integrated electronics manufacturing service provider and licensee of a well-known brand of home comfort appliances yesterday reported net profit of HK$28.1 million (S$4.5 million) for its fourth quarter, up 27.7 per cent from a year
      243 words
    • Article
      Lock icon United Envirotech posts 7.8% rise in full-year profit
      434 10  -  Revenue climbs 12.8%; group looks to China for projects By TEO SI JIA UNITED Envirotech Limited posted a net profit increase of 7.8 per cent to $16.01 million from $14.85 million for the financial year ended March 31, 2011. Revenue climbed 12.8
      434 words
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      162 5 hevrolet.com.se DYNAMIC ml if ■hr IMIMIMI 11 iiairi T S LLU -h I Li nJP r^ str: ?.n "7 IIJ 5/ 1 w; ML $123,999 CAPTIVA 1 :~SV-VJ. 'II illll MillII 111 The new 2011 Captiva has been re-designed and built to an even higher degree of detailing, making it
      162 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Quiet session as market stabilises
      524 6  -  Calmer market, after Monday’s selloff, due partly to short-covering; STI inches up 2.61 points STOCKS R SIVANITHY Senior Correspondent AFTERMonday’s58-point selloff in the Straits Times Index, some measure of stability returned to the local market yesterday, thanks in part to short-covering both in Singapore and
      Source: Bloomberg  -  524 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 May 24 VALUE CLOSE BT OB/OS -322.00 -41.0 BT CADI -*****.00 +106.0 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 754.89 +9.46 FTSE ST Small Cap 530.28 +2.07 FTSE ST All Share 763.52 +2.22 FTSE ST China Top 263.73 +1.13 FTSE ST China 300.20 -0.05 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 5 0 0 0 8 3 5 Manufacturing 60 45 62 6 4 10 66 49 72 Commerce 25 14 18 2 0 6 27 14 24 Tpt/Stor/Comms 16 16 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,218 21,218 75,990 75,990 Manufacturing 157,987 12,353 170,340 208,645 631 209,276 Commerce 64,288 29,459 93,747 126,528 11,834 138,362 Tpt/Stor/Comms 89,233 1,435 90,668 148,032 319 148,351 Finance 9,266 9,266 91,890 91,890 Construction 32,612 1,115 33,727 5,422
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.620 +0.030 CapitaLand 3.100 CapitaMall 1.920 -0.010 CityDev 11.020 -0.020 ComfortDelGro 1.440 -0.010 DBS Grp 14.620 +0.120 F&N 5.980 -0.030 GLP 1.980 +0.030 Genting SP 2.000 +0.020 Golden Agri 0.675 -0.015 HK Land 7.410 +0.050 JMH 50.900 -0.840 JSH 29.880 -0.020
      110 words
    • Article, Illustration
      Lock icon QUICKCHART
      401 6  -  by Kim Eng Research Channel formation Despite downside pressure from the market, First Resources has not surrendered its bullish foothold. The stock’s upward movements suggest an ascending channel is forming. It must stay above the $1.32 support area to keep the uptrend intact. Last price $1.38 YTD chng -11.54%
      401 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Allgreen 147,979,000 Golden Agri 97,218,000 Artivision 85,956,000 Genting SP 68,946,000 IndoAgri 32,057,000 Viking 24,694,000 Cosco Corp 21,625,000 Noble Grp 19,729,000 HLH Grp 17,225,000 NexGenSCom 15,841,000 VALUE($) Allgreen 235,730,260 Genting SP 137,835,290 Golden Agri 66,213,057 IndoAgri 55,739,910 Keppel Corp 55,336,620 Cosco Corp 41,779,565 Noble Grp 39,487,100 Wilmar
      56 words
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      277 6 Trading on the move ."KE Trade :-Biu=-:Sc.-,y I u D -6 *A T -3 Subrril Order with Kim Eng. KE Trade Mobile App Available on Android, BlackBerry® and iPhone OS. u'KIM ENG AT HOME IN ASIA Make 3 trades in 1 week and get shopping vouchers. Exclusive Promotion for M1
      277 words
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      149 7 Driving imagination. The first Audi A7 Sportback, unveiled. The Audi A7 Sportback is a unique expression of refined technology and beauty, setting the benchmark for a luxurious lifestyle. Articulated by flowing lines, the Audi A7 is a moving sculpture chiseled to an exquisite elegance. Beautiful inside out, it marries form
      149 words
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      103 8 Graduate Entry Graduate with LL.B (Honours) in 2 Years University of London Preparatory Course Diploma in Law Diploma in the Common Law Bachelor of Laws For nearly 2 decades, we have helped many attain their legal dreams of becoming honours degree holders from the prestigious University of London. Doctors, CEOs,
      103 words
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      294 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND MIDDLE GROUP HOLDINGS PTE LTD (Company Registration No. *****2249C) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the membersoftheabovenamedCompany will be
      294 words
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      186 9 ,.1 ,-:r MV -T-I .+\fF V «£0!^ v >' v V '-w®f MWti n\i ■as ml <Rk UP illS K& >r.i .^S g-grcS ■V I V iY if First savings account 5r H. '"K I# fek aJS&S Wsi, Y *w.»S '^■RM SIMFM 7 M (W I'' H' -i .rf,&:" vs'W
      186 words
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      365 10 WINE DINE AND HOSPITALITY 1 A* Celebrate Dragon Boat Festival with savoury and sweet rice dumplings, expertly crafted by Hai Tien Lo's Master Chef Lai Tong Ping. With three exquisite creations you will be impressed by our signature Giant Rice Dumpling, a delectable indulgence of black truffles, abalone, scallops, roasted
      365 words
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      112 11 w Arthur J. Gallagher International INSURANCE BROKERAGE AND RISK MANAGEMENT SERVICES FOUNDED IN CHICAGO, U.S.A LISTED ON THE NEW YORK STOCK EXCHANGE REVENUES AT USDI.7 BILLION MARKET CAP USD3.08 BILLION NOW IN SINGAPORE Acquired ITI Solutions Pte Ltd. ITI is an international trade insurance broker specialising in Marine Cargo, Trade
      112 words
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      3798 12 This Announcement does not constitute an offer or a solicitation to any person in any jurisdiction in which such offer or solicitation is unlawful. The Offer (as defined herein) is not being proposed in any jurisdiction in which the introduction or implementation of the Offer would not be in compliance
      3,798 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore, Chinese cities drive Q1 office rentals
      578 13  -  Developers in parts of Asia slow project completion to avert risk of oversupply By KALPANA RASHIWALA CHINESE cities and Singapore led the growth in office rentals as well as expansion in demand for office space in the Asia-Pacif-ic in the first quarter, says
      Source: CB Richard Ellis  -  578 words
    • Article
      Lock icon Racing hub hits another speedbump
      471 13  -  Complaint lodged with MOM alleging two SG Changi directors do not have valid work passes By NISHA RAMCHANDANI THE Changi Motorsports Hub saga has taken yet another twist after a complaint was lodged with the Ministry of Manpower (MOM) that two of SG Changi’s directors
      471 words
    • Article
      Lock icon Get a Stanchart home loan in 1 hour
      241 13  -  $100 credit if 60-minute service guarantee not met By JOYCE JOYCE HOOI STANDARD Chartered bank customers will soon have a reason to tell the bank to take its time in approving their loan applications. The bank is guaranteeing a 60-minute approval of
      241 words
    • Article, Illustration
      Lock icon Export controls: no negative impact on trade
      460 14  -  Proliferation of weapons of mass destruction curbed: US official By GEORGE JOSEPH THE export controls that Singapore and other countries adopted following the 9/11 attackshave not impeded legitimate trade but have in fact facilitated it, according to a senior US administration official. These
      460 words
    • Article
      Lock icon Profitable Plots urged to explain defaults to investors
      436 14  -  By TAM YU LING AFTER failing to make headway in the Profitable Plots saga, David Gerald, president and CEO of the Securities Investors Association of Singapore (SIAS) called for directors of Profitable Plots to take the initiative to communicate with the investors
      436 words
    • Article
      Lock icon A more responsive and engaged Education Ministry
      393 14 But minister says it’s too early for hasty changes to policies NEWLY-APPOINTED Education Minister Heng Swee Keat yesterday restated the Prime Minister’s commitment to lead a more responsive and engaged government, in the context of his own ministry. Given education’s wide-ranging and long-term
      393 words
    • SINGAPORE ARTS FESTIVAL
      • Article, Illustration
        Lock icon A game of give and take
        650 14  -  Ontroerend Goed’s two productions hinge on audience participation, writes NATALIE KOH writes NATALIE KOH SOME theatre productions like to encourage audience interaction, but rare are those that make it a crucial element of a show. Enter Belgian theatre group, Ontroerend Goed, which conducts entire
        650 words
      • Article
        Lock icon Packing too many things into one production
        495 14  -  Too many new ideas detracted from the beauty of THE Company’s As It Fades By LYNN KAN CHOREOGRAPHER Kuik Swee Boon’s newest and largest work As It Fades by THE Company is meant to be a paean to forgotten dialects and memories. Perhaps
        495 words
      • Article
        Lock icon 1958 Indian epic back on screen – in a modern way
        586 14  - 1958 Indian epic back on screen in a modern way By NATALIE KOH IN 1958, India submitted the Hindi film Mother India as the country’s first-ever submission for the Oscars’ for-eign-language film category, and it went on to be one of the five finalists to fight for the honour. Even
        586 words
    • Article
      Lock icon PetroChina moves to centralise its S'pore operations by June
      420 14  -  By RONNIE LIM PETROCHINA is centralising its Singapore oil trading and refining entities, including recently-acquired Singapore Petroleum Company (SPC), under one roof at Millenia Tower from next month. The move comes as Asia’s largest oil and gas producer prepares to boost
      420 words
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      113 words
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  • ECONOMY WATCH
    • Article
      Lock icon EU’s rift deepens as doubts rise on its ability to help
      646 15 Risks on Spain and Italy are rising, as they might follow Greece’s downfall NYT [LONDON] Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can
      NYT  -  646 words
    • Article
      Lock icon South Korea’s external debt jumps in Q1
      427 15 US$11.7b expansion is largest quarterly growth in 3 years Reuters [SEOUL] South Korea’s external debt has soared at its fastest pace in three years during the first quarter, central bank data showed yesterday, less than a week after the country unveiled tighter caps
      Reuters  -  427 words
    • Article
      Lock icon Greek default may hit Portugal, Ireland ratings
      254 15 Reuters [ATHENS] Portugal and Ireland would be at risk of mul-ti-notch credit downgrades, pushing their ratings into junk territory in the event of a default by Greece, Moody’s Europe, the Middle East and Africa chief credit officer told Reuters yesterday. “A Greek default
      Reuters  -  254 words
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      316 15 tl'Jl'l JACKPOT re, \r A co CO r\ TOMORROW Xa Do not bet illegally. RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m Lenovo 0 recommends Windows® 7 Professional. A THIN LINE DIVIDES FROM THOSE WHO DON'T. F I I S m THOSE WHO
      316 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Analysts bullish on Petronas Chemicals
      584 16  -  Q4 earnings likely to grow 34%; plan to expand capacity brightens outlook By in Kuala PAULINE NG in Kuala Lumpur PETRONAS Chemicals Group was Malaysia’s main IPO draw last year for good reason. Having returned an impressive 40 per cent over its listing price in
      584 words
    • Article, Illustration
      Lock icon Tommy Suharto wins damages
      274 16 AFP [JAKARTA] An Indonesian court yesterday awarded the youngest son of late Indonesian dictator Suharto damages worth US$1.46 million for a magazine article that called him a “convicted murderer”. A court ruled that Garuda airlines and the publisher of its glossy inflight maga- zine had defamed
      AFP; AFP FILE PHOTO  -  274 words
    • Article
      Lock icon M’sia said to hire advisers for US$1b sukuk
      222 16 Bloomberg [KUALA LUMPUR] Malaysia plans to appoint Maybank Investment Bank Bhd, CIMB Investment Bank Bhd and HSBC Amanah Malaysia Bhd to advise on a global Islamic sovereign bond to raise more than US$1 billion, two people familiar with the matter said. Marketing
      Bloomberg  -  222 words
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      1112 16 |;};][;+};{<)$-~=\[|"{~-!:;^'&? CONSOLIDATED STATEMENT OF INCOME (US Dollar amounts in Millions) CONSOLIDATED BALANCE SHEET (US Dollar amounts in Millions) December 31 2010 2009 December 31 2010 2009 Assets Cash and cash equivalents 108,427 121,339 Time deposits placed and other short-term investments 26,433 24,202 Federal funds sold and securities borrowed or purchased
      1,112 words
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      1168 16 Nordea Bank Finland Plc Statement of accounts for the year ended 31st December 2010 Income Statement Balance Sheet Group EURm 31 Dec 2010 31 Dec 2009 Group EURm 2010 2009 Operating income Interest income 1,958 2,708 Interest expense -776 -1,490 Net interest income 1,182 1,218 Fee and commission income 649
      1,168 words
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  • GREATER CHINA
    • Article
      Lock icon Goldman Sachs too lowers China’s growth forecast
      634 17 It projects GDP gain will fall to 9.4% due to govt moves to tame inflation Bloomberg [BEIJING] Goldman Sachs Group Inc has joined banks lowering their forecasts for China’s growth as Premier Wen Jiabao’s campaign to rein in inflation restrains the world’s fastest-growing
      Bloomberg  -  634 words
    • Article
      Lock icon CICC looks set to manage Zheshang Trust
      531 17 It will be first China securities firm to manage a trust Bloomberg [BEIJING] China International Capital Corp (CICC), the country’s top-ranked investment bank last year, is set to become the first domestic securities firm to take control of a trust, said a person
      Bloomberg  -  531 words
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      318 17 CARpET AUCTION proudly presented by HASSAN'S CARpETS Date: 29 May 2011 Venue: The Regent Singapore Royal Room III Viewing: 11.00am to 1.00pm Auction: 1.30pm to 5.00pm Hassan's Carpets are pleased to present another public auction of the finest and most exceptional selection of antique, classical, tribal an d highly collectable
      318 words
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  • INDIA
    • Article
      Lock icon 3 Indian firms in Bandanna bid shortlist
      612 18 Some Chinese companies are also in the billion-dollar race for the Australian coal explorer, say sources Reuters [MUMBAI] India’s Aditya Birla, JSW Steel and Jindal Steel Power are among firms shortlisted to bid for Australian coal explorer Bandanna Energy in a potential billion-dollar-plus
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    • Article
      Lock icon Economist mag attacks India in row over map
      387 18 AFP [NEW DELHI] The Economist magazine has accused India of hostile censorship after officials prevented the distribution of the latest edition because of a map showing the disputed borders of Kashmir. Customs officers ordered that 28,000 copies of the weekly magazine should
      AFP  -  387 words
    • Article
      Lock icon India plays hardball for potash discount
      430 18 It’s prepared to halt imports until it gets 10% off spot price Bloomberg [MONTREAL] India is prepared to halt imports of potash indefinitely unless producers agree to sell the crop nutrient for at least 10 per cent less than the spot price, said the
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      1416 18 CONSOLIDATED STATEMENT OF CITIGROUP INC. AND SUBSIDIARIES INCOME CONSOLIDATED BALANCE SHEET CITIGROUP INC. AND SUBSIDIARIES Year ended December 31, In millions of US dollars, except per-share amounts 2010 2009 December 31, In millions of US dollars, except shares 2010 2009 Revenues Interest revenue 79,516 76,635 Interest expense 24,864 27,721 Net
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  • WORLD
    • Article
      Lock icon DPJ MPs oppose higher taxes for quake rebuilding
      562 19 PM Kan faces discord within the ruling party over budget funding Bloomberg [TOKYO] Japanese Prime Minister Naoto Kan is facing a backlash from ruling party lawmakers over plans to raise taxes to pay for earthquake reconstruction, adding to concern he will be
      Bloomberg  -  562 words
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      Lock icon UK super-injunctions spark battle between judges, lawmakers
      482 19 Bloomberg [LONDON] Members of Britain’s Parliament are battling UK judges to reveal the identities of celebrities and executives who win court orders barring the media from reporting on their alleged indiscretions. Lawmakers this month cited legislative “privilege” when, during open sessions of Parliament,
      Bloomberg  -  482 words
    • Article
      Lock icon Firms owe US govt millions in unpaid taxes
      504 20 These firms also received money from Obama’s stimulus package AP [WASHINGTON] Thousands of companies that cashed in on President Barack Obama’s economic stimulus package owed the government millions in unpaid taxes, congressional investigators have found. The Government Accountability Office, in a report
      AP  -  504 words
    • Article, Illustration
      Lock icon If the Choo fits, buyout firms can run in heels
      455 20  -  By QUENTIN WEBB REUTERS BREAKINGVIEWS [LONDON] The Jimmy Choo buyout is proof that private equity firms can run in heels. The luxury shoemaker’s backers have made a stellar return from their investment, in spite of buying the company at the
      REUTERS; BLOOMBERG  -  455 words
    • Article
      Lock icon More Fukushima fuel rods melted
      293 20 Fresh data emerges as UN experts arrive to inspect plant AP [TOKYO] A major international mission to investigate Japan’s flooded, radia-tion-leaking nuclear complex opened yesterday as new information emerged on just how serious the crisis was in the early days after the March 11 tsunami.
      AP  -  293 words
    • Article
      Lock icon Yandex IPO raises more than expected US$1.3b
      557 21 Analysts, investors warm up to ‘Google of Russia’ Reuters [MOSCOW] Russian Internet company Yandex NV raised 19 per cent more than expected on Monday in the sector’s biggest US initial public offering (IPO) since Google Inc went public in 2004. Russia’s most popular
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    • Article
      Lock icon Aussie buyout firms worried as local investors shy away
      550 21 They turn to offshore investors; survival of smaller players in doubt Reuters [MELBOURNE] Australia’s US$23 billion private equity industry is set for a shakeout as local pension funds cut allocations to bring down their costs, forcing buyout firms to turn to
      Reuters  -  550 words
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      Lock icon Death toll rises to 116 in tornado-hit US city
      716 22 And more than 1,100 wounded in the deadliest twister to hit US since 1947 AFP [JOPLIN, Missouri] As rescue crews clawed through rubble caused by the tornado that struck Joplin, Missouri, on Monday, the death toll rose to 116, making it
      AFP; AP  -  716 words
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      Lock icon Cut US voting share in IMF: PBOC adviser
      572 23 Emerging economies must be given more say in picking the Fund’s head, he says AFP AFP [BEIJING] The United States should reduce its dominant voting share in the International Monetary Fund, an adviser to the People’s Bank of China said yesterday, helping
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      Lock icon Strauss-Kahn DNA test result not released, say NY police
      372 23 AFP [NEW YORK] New York police yesterday denied being the source of news reports that traces of semen from ex-IMF chief Dominique Strauss-Kahn were found on a chambermaid’s clothes, saying that investigators had so far given “no result and no information”
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    • Article
      Lock icon April new house purchases rise to highest level
      403 23 LATEST US DATA Bloomberg Reuters [WASHINGTON] Purchases of new houses rose in April to the highest level so far this year after plunging to a record low two months earlier. Sales climbed 7.3 per cent to a 323,000 annual pace last month,
      Bloomberg; Reuters  -  403 words
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      1024 19 MATS "Yrir^PQ Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES ®*i Mtkif BANK OF CHINA Head Office 1 Fuxingmen Nei Dajie, Beijing *****8, People's Republic of China. Tel: (86) 010-6659 6688 Fax (86) 010-6601 6871 Swift: BKCHCNBJ http: //www.boc.cn Singapore Branch 4 Battery Road, Singapore *****8 Tel: (65) 6535 2411 Fax (65)
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      1092 19 Crédit Agricole (Suisse) SA, Geneva Head Office: Quai Général-Guisan 4, CH-1204 Geneva, Switzerland Singapore Branch: 168 Robinson Road, #23-03 Capital Tower, Singapore *****2 CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31 2010 2009 1000 1000 CHF CHF 1. Assets Liquid assets 10,056 11,601 Money market instruments 1,506,035 2,412,599 Due from banks
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      610 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GLOBAL ABSOLUTE INVESTMENT ADVISORS PTE. LTD. Company No.: *****1604M (PROVISIONAL LIQUIDATOR APPOINTED) Statutory Declaration by directors of Company’s inability to continue business by reason of its liabilities Name of Company: GLOBAL ABSOLUTE INVESTMENT ADVISORS PTE. LTD.
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      1565 20 BUY IT• SELL IT• FIND IT :*ATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CIMBBANK Statements of Financial Position as at 31 December 2010 Cash and short-term funds Reverse repurchase agreements Deposits and placements with banks and other financial institutions Financial assets held for trading Financial investments available-for-sale Financial investments held-to-maturity
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      31 20 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!
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      1134 21 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED (Incorporated in The People’s Republic of China) Head Office 55 Fuxingmennei Dajie, Xicheng District, Beijing, China Tel: 86-10-6610 6027, 6610 6026 Tlx: ***** ICBHOCN Fax: (10) 6610 6011 Singapore Branch 6 Raffles Quay #12-01, Singapore *****0
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      1096 21 :»at^ NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT SELL IT FIND IT No.3,SungshouRd.,SinyiDistrict,TaipeiCity110,Taiwan(R.O.C) CHINATRUST COMMERCIAL BANK AND SUBSIDIARIES FINANCIALYEAR ENDED 31 DECEMBER 2010 All amounts are expressed in thousands of NewTaiwan Dollars INCOME STATEMENT FortheyearsendedDecember31 2010 2009 Change Amount Amount Interestincome 34,766,554 36,187,300 (4) Less: Interest expenses (10,084,730)
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      160 22 M (W K -y Vii W 'J k flak wrtat i PH H ?!»W« WJ# $D? >..*••»!» Ji vv; *P &gv*s M M\ Evv mm V -!%■>!, Jp? CWy 50 enterprising will reach the top The Prestigious E50 Awards Is Now Open For Entry The best of the breed will
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      25 22 Over 91,216* downloads! LJkriB Sluws/Tkis... ta 913FM Get your f l*GG iPhone/iPad app now! *as of 6th May 2011 91.3FMI liiiQmiil I0D8. S BEST MUSIC
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      59 22 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 COMMUNITY heartbeat ..v.-'.-;;-' S55fgM*»"" PRIME TIME imp**** prapwTy jfal a=S5 r m :xx. arszz saic es For
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      702 23 BUY IT SELL IT FIND IT MATS "YTir^PQ Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES JPMorgan Chase Co. Parent company of JPMorgan Chase Bank, National Association JPMorgan Chase Co. JPMorgan Chase Co. Condensed Consolidated Statement of Income Condensed Consolidated Balance Sheet Year ended December 31, 2010 December 31, 2010 In millions,
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      1119 23 (INCORPORATED IN THE REPUBLIC OF KOREA) NON-CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2010 (US$1 W1,138.9) Non-consolidated Statements of Income For the years ended December 31, 2010 and 2009 (Unit: Korean Won in millions) Non-consolidated Balance Sheet As of December 31, 2010 and 2009 (Unit: Korean Won in millions) 2010
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  • EDITORIAL & OPINION
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      Lock icon What’s being European got to do with it?
      488 24 EDITORIAL WITH former International Monetary Fund (IMF) managing director Dominique Strauss-Kahn now holed up in a New York apartment possibly awaiting trial for sexual assault, the Frenchman’s post at one of the world’s most influential multilateral organisations is suddenly and unexpectedly up
      488 words
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      Lock icon Time running out for Dalai Lama, China to make pact
      756 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter @FrankChing1 THE election of Lobsang Sangay, a scholar at Harvard Law School, as prime minister of the Tibetan govern-ment-in-exile was followed immediately
      756 words
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      Lock icon Heralding the rebirth of the Mediterranean
      940 24  -  Southern European ports should capitalise on rising Europe-Far East container traffic By JAVIER SOLANA, ANGEL SAZ Javier Solana, formerly the European Union’s high representative for foreign and security policy, and a former secretary-general of Nato, is president of the ESADE Centre for Global Economy
      BLOOMBERG  -  940 words
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      Lock icon Servant leadership in politics
      940 25  -  Will servant leaders surface among aspiring ministers and Members of Parliament? By ANNA TEO “POLITICSis not a job or a careerpromotion; it’s a calli n g t o serve the larger good of Singapore,” Prime Minister Lee Hsien Loong said last Saturday in announcing that political
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    • Article
      Lock icon Lower pay will not deter capable people from politics
      463 25  -  LETTER TO THE EDITOR Stefanie Yuen Thio I REFER to Lee U-Wen’s article, “Luring private sector talent into politics will get harder” (BT, May 24). He cites the expected cuts in ministerial pay as the basis for his concerns, and asks
      463 words
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      Lock icon Deja vu all over again?
      732 25  -  By ANGEL GURRIA The writer is secretary-general of the OECD WE’D like to think that we’re through the worst of the biggest crisis in 70 years. And yet derivatives, a chief culprit of the financial meltdown, continue to account for 10 times world gross domestic
      732 words
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  • TransportHUB
    • Article
      Lock icon Insurance brokerage AJG takes over ITI Solutions
      502 26  -  Asian acquisition will give it a foothold in the region, says CEO By LYNN KAN [SINGAPORE] The US mid-market insurance brokerage Arthur J Gallagher (AJG) has made its first Asian acquisition after a US-heavy spree. The NYSE-listed insurer has taken over ITI Solutions,
      502 words
    • Article
      Lock icon Baltic main sea freight index rises
      378 26 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, rose for a third session on Monday although the market outlook remained bearish due to rising fleet supply. The index rose 1.48 per cent or 20 points to
      Reuters  -  378 words
    • Article
      Lock icon Emissions: ICS gets off the fence – finally
      802 26  - Emissions: ICS gets off the fence finally STRAIT TALK By DAVID HUGHES FOR as long as I can remember, one of my stock questions to the Singapore Shipping Association (SSA) has been about its membership of the International Chamber of Shipping (ICS) and its non-membership of the International Shipping Federation
      802 words
    • Article
      Lock icon M’sian aid ship aborts Gaza mission after engine trouble
      502 26 AFP [KUALA LUMPUR] A Malaysian aid ship attempting to reach Gaza after being warned off by Israeli naval forces last week has been forced to abort its mission after engine trouble, activists said. Matthias Chang, who is heading the mission for
      AFP  -  502 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 26 SGX '000 May 24 S$ +/-Vol CH Offshore 0.45 -0.01 39 Chuan Hup Hldg 0.24 -0.01 237 Cosco Corp 1.97 0.08 ***** CWT Ltd 1.21 0.03 672 Ezra Hldgs 1.52 -0.01 2504 First Ship Lea 0.37 unch 626 Freight Links 0.06 -0.01 201 Grand Banks 0.45 unch 150
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    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Changi Airport passenger traffic surges 13.7%
        226 27  -  By VEN SREENIVASAN SINGAPORE Changi Airport registered 13.7 per cent growth in passenger traffic for the month of April 2011, with more than 3.73 million passenger movements registered. The growth in passenger traffic was in line with a 13.9 per cent increase in aircraft
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      • Article
        Lock icon US Supreme Court backs Boeing, General Dynamics
        392 27 Bloomberg [WASHINGTON] The US Supreme Court has set aside a ruling that had put the federal government on track to collect US$3 billion from Boeing Co and General Dynamics Corp in a 20-year-old fight over a cancelled Navy aircraft contract. The justices said
        Bloomberg  -  392 words
      • Article
        Lock icon Boeing 747-8 delivery faces a few weeks’ delay: analysts
        604 27 They cite minor issues with the aircraft that will add to 18-month setback Bloomberg [SEATTLE] Boeing Co’s plan to ship the first of its newest jumbo jets by mid-2011 as part of the “Year of the 747” risks another delay that
        Bloomberg  -  604 words
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        Lock icon Lufthansa to deploy new A380 to S’pore
        147 27 [SINGAPORE] Lufthansa will serve its South-east Asian gateway in Singapore with a brand new Airbus A380 from October this year. Flights LH778 and LH779 will fly between the airline’s main hub of Frankfurt and Singapore and onwards to Jakarta. Through Frankfurt, it plans
        147 words
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        Lock icon Manila ordered to pay Piatco US$176m
        365 27 AFP [MANILA] A Philippine court yesterday ordered the government to pay US$176 million in compensation for seizing one of Manila airport’s terminals, rejecting a higher demand by its Filipino-German builders. President Benigno Aquino’s government welcomed the ruling, with his spokesman saying that it brought
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      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3319 27 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 --QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Surprise fall in Q1 motor insurance claims
        573 28  -  Net incurred claims down 3.9% even as the vehicle population rose By SAMUEL EE MOTOR insurance claims in the first quarter of this year have seen a surprise fall even as Singapore’s vehicle population hit a record high. Net incurred claims from January
        573 words
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        Lock icon VW cruises to No 3 spot in Singapore
        433 28  -  By SAMUEL EE VOLKSWAGEN has inched ahead to become Singapore’s third most popular car brand so far in 2011, as the mid-range German make leverages on its slightly upmarket image here to help boost sales amid the sharply reduced COE quota. “We
        433 words
      • Article
        Lock icon Toyota’s flaws: lack of control, no safety chief
        448 28 Bloomberg [LOS ANGELES] Toyota Motor Corp’s centralised structure, scepticism of external critics and lack of a global safety chief are among flaws the company needs to address as it recovers from record recalls, an advisory group said. Toyota president Akio Toyoda created
        Bloomberg  -  448 words
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      181 26 THE INAUGURAL CROSS-BORDER INVESTOR RELATION ROADSHOW IN SINGAPORE 28 May 2011 (Saturday) 8.30amto5.30pm SPH News CentreAuditorium, 1000 Toa Payoh North Singapore *****4 Register Now www.IndonesiaGems.com Attend to redeem 1 day seminar voucher for the renowned course on Market Timing by Sam Seiden WORTH over $900! Don’t miss the bull-run in
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      307 27 CRYPTIC CROSSWORD Across 1 Place to find girl’s company? (5) 4 Prophetic spectre in play (9) 9 Where iron may be cast (9) 10 Animal belonging to cattle drive (5) 11 Jobcentre attacked holding petition (7) 12 Enliven a new husband, capturing his heart (7) 13 Pious man admitting perjury’s
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      983 28 STATEMENT OF FINANCIAL POSITION CITIBANK SINGAPORE LIMITED AS AT 31 DECEMBER 2010 2010 2009 S$'000 S$'000 Equity Share capital 1,527,731 1,527,731 Reserves 177,448 376,433 Accumulated profits 3,000,249 2,418,642 Total equity attributable to owner of the Bank 4,705,428 4,322,806 Liabilities Derivative liabilities 66,331 79,425 Amounts due to intermediate holding company 3,623,366
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8382 29 Transaction date: May 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 16 +1 120 16 15.5 15.5 16 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 8
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    • Article
      Lock icon SGX CATALIST
      1560 30 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 unch 11 164 154 157 165 97.3 1.5 0.5
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9864 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.36/ APS Alpha Fund (USD)!** 1.09/ AXA Life Secure Ascent 2020 Fund 0.9601/0.9601 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.74/ Aberdeen Asset Mgt Asia Limited American Opp 0.6674/ Asian Credit Fund
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      Lock icon GLOBALQUOTE
      236 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A49 49 51 3.6 7.1 3.9 127.6 55 16 Genting HK US$ US41 +1 3471 41 40 40.5 41 2699.7 21 10.5 Over&Gen A15
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      Lock icon SGX ETF
      844 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113 +0.5 10 113 113 113.5 114.5 515.8 1077 761 CIMBAsean40 100US$ US1027 -10 0 1027 1027 1027 1037 41.1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 31 In local curr In S$ In US$ dy yr dy yr dy yr May 23 Index Change Change Change Change Change Change World Index Preliminary 908.0 -1.5 1.1 -1.1 -0.1 -1.8 2.5 EAFE Preliminary 780.7 -1.8 -2.5 -1.7 -2.3 -2.4 0.2 Europe Preliminary 1165.8 -1.9
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    • Article
      Lock icon INTERBANK RATES
      184 31 May 24 $S Offer Bid 0vernight 0.03 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ 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 0.50 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 May 24 S$ Bid Offer 1-month 1.2464 1.2474 2-months 1.2464 1.2474 3-months 1.2464 1.2474 6-months 1.2462 1.2473 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 May 24 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.354 1.278 Can dollar 1.3 1.25 Euro 1.783 1.715 Sterling pound 2.044 1.966 NZ dollar 1.014 0.966 US dollar 1.265 1.217 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 31 May 24 Open High Sett STI May 3110 SIMSCI May 360.8 363.3 361.6 Taiwan May 309.4 310.8 310.3 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 31 May 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3448 3460 3464 3448 569 6487 Jul 11 3399 3408 3415 3399 1755 ***** Aug 11 3372 3380 3388 3365 8104 ***** Sep 11 3357 3362
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      466 31 May 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7250 0 1789 Sep11 99.6550 0 5651 Dec11 99.5800 0 3123 Mar12 99.4650 0 1078 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6700 0 1466 Dec11 99.6725 0 1957 Mar12 99.6600 0 3877 Jun12 99.6700
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    • Article
      Lock icon SICOM FUTURES
      163 31 May 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 508.0 506.0 507.9 15 266 Jul 11 505.0 505.0 505.0 5 116 Aug 11 57 Sep 11 294 Oct 11 490.0 490.0 490.0 10 121 Nov 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 31 May 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 25.08.2011 0.32 0.30 0.27 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 102.18 5-Year N*****0W 1.125 01.04.2016 100.07 10-Year NY*****N
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    • Article
      Lock icon CHICAGO BOT
      107 31 May 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1373.75 1380.25 1393.00 1366.00 Aug 11 1367.25 1371.75 1385.75 1359.00 Sep 11 1358.25 1360.25 1373.00 1347.25 Nov 11 1350.75 1350.50 1363.00 1336.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 57.22
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 31 CRUDE OIL PRODUCTS May 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.54 -1.07 WTI (Near Mth) 97.02 -2.64 Dubai (1-Mth F) 104.04 -2.47 Tapis blend 115.86 -2.97 Minas 113.26 -2.97 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.33 -0.78 Jet Kerosene 122.90 -2.50 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2710 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1 1 4 25 4.00 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 3.5 unch
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 31 May 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.031 6.863 0.750 8.214 47.758 90.505 0.865 11.549 3.224 1.325 90.589 45.847 1.317 7.391 0.932 30.552 32.115 0.654 1.056 Canada 0.970 6.654
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      Lock icon SIBOR
      85 31 May 24 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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      Lock icon INTERBANK CURRENCY RATES
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      137 31 May 24 GOLD (US$/oz) May 23 May 24 Hong Kong 1513.20 1524.20 May 20 May 23 London 1507.20 1511.49 1508.20 1512.40 Source: Thomson Reuters CAST BAR May 24 (S$) Selling Buying Kilobar 65,166.21 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 61 5gm 414 304 10gm 740
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      71 31 May 23 May 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2462.00 2489.50 3 months 2478.00 2500.00 Copper, Grade A (US$/tonne) Cash 8776.00 9049.75 3 months 8794.00 9071.00 Lead (US$/tonne) Cash 2464.50 2518.00 3 months 2449.00 2510.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      82 31 May 23 COCOA (£/tonne) Close Prev High/Low Jul 11 1792 1816 1815/1790 Sep 11 1822 1845 1844/1820 Dec 11 1850 1874 1872/1850 Mar 12 1875 1897 1894/1875 COFFEE (US$/tonne) Close Pev High/Low May 11 2527 2534 2532/2513 Jul 11 2539 2543 2550/2508 Sep 11 2576 2579 2588/2545 Nov 11
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      500 36 PARDON THE INTERRUPTION. 1 THAT NEEDS YOUR ATTENTION! i A s~\ JL 9 "*v_ < fifcU 2 'S A GOLDEN OPPORTUNITY j > Babies cry. Dogs bark. Iflljjniijrjf! Children tug on sleeves. I Everyone has their own way of getting attention. SPDR® Gold Shares? Chances are they've already caught your
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