The Business Times, 30 May 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, May 30,2011
    23 words
  • 905 1  -  Foreign worker levy hike spurs firms to boost efficiency, squeeze out savings By JOYCE HOOI [SINGAPORE] Almost a year after the foreign worker levy hikes kicked in last July, construction firms now face a bloated capital expenditure from a bigger labour bill and more machinery.
    905 words
  • 881 1  -  They try to impress during interviews in bid to get hired as management associates By SIOW LI SEN [SINGAPORE] Every year, out of thousands and thousands of young hopefuls, only a select few make it. They are not Singapore Idol wannabes but
    881 words
  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,135.52 -33.02 KL COMP 1,548.69 +7.66 NIKKEI 225 9,521.94 -85.14 HANG SENG 23,118.07 -81.32 SET INDEX 1,067.00 -5.94 JAKARTA COMP 3,832.38 -40.57
    157 words
  • Page 1 Advertisements

  • TOP STORIES
    • 907 2  -  Dow, S&P indices slide for 4th week, but some expect modest comeback WALL STREET INSIGHT By STEPHEN RAPHAEL in New York THE re-emergence of fears over Europe’s sovereign debt issues and slowing global growth have combined with a prolonged soft patch in
      907 words
    • 770 2  -  Recent weaker ISM, economic numbers just a ‘soft patch’ By TEH SHI NING [SINGAPORE] Weaker US data releases and resurgent fears over the debt crisis of Europe’s periphery economies do not detract from what remains a steady manufacturing recovery in both
      770 words
    • 623 2 Fresh graduates eye elite MA jobs with banks EVERY year, out of thousands and thousands of young hopefuls, only a select few make it. They are not Singapore Idol wannabes but aspiring bankers, though the performance that some of these graduates put forward to get noticed is just
      623 words
    • 639 2 He ends campaign citing degradation of Fifa’s reputation AFP [PARIS] The battle for Fifa’s top job was thrown into further turmoil yesterday when president Sepp Blatter’s main rival for the post, Mohamed bin Hammam, ended his campaign amid a bitter fall-out over
      AFP; REUTERS  -  639 words
    • 412 4  -  Flats need to be built quickly ‘by tens of thousands’, minister adds By EMILYN YAP [SINGAPORE] The Ministry of National Development (MND) is looking to increase the supply of rental flats for single parents. This comes shortly after it unveiled plans
      LAU FOOK KONG/THE STRAITS TIMES  -  412 words
    • 668 4  -  By JOYCE HOOI [SINGAPORE] Even as construction costs might be slated for a rise over the long term, Koon Holdings a civil engineering and construction company has found the perfect hedging instrument in the precast business. The attractiveness of precast materials
      668 words
    • 343 4  -  It needs to improve how MPs, grassroots teams operate: PM By EMILYN YAP [SINGAPORE] The People’s Action Party (PAP) is looking into criticisms of its grassroots activists and will work on shortcomings to improve its outreach to residents, said Prime Minister Lee Hsien Loong. Mr
      343 words
  • Page 2 Advertisements
    • 102 2 LUXURY TOURS TRAVEL PTE LTD <g£Qpg> The Leading Operator Established 1985 "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive
      102 words

  • Page 3 Advertisements
    • 629 3 p PRIVILEGE BANKING o Y... A! c to THERE'S MORE TO WEALTH THAN MONEY ALONE When it comes to Privilege Banking, we understand that the measure of true wealth goes beyond mere numbers. It's a world where your dreams are celebrated, relationships treasured and legacies preserved. Whatever your privileges may
      629 words

  • Page 4 Advertisements
    • 111 4 asia.WSJ.com for flood of cash" focus shifts as central banks act" "Rising Asian wealth leads to a hedge-fund shuffle" "China to launch yuan forex options" Your Business is Our Business. From politics to management, banking to finance, you can count on The Wall Street Journal Asia to give you the
      111 words

  • COMPANY NEWS
    • 586 5  -  It is undertaking secondary listing in Taiwan to fund China expansion By LYNETTE KHOO Q&M Dental Group has set a five-year target to list its China business, once the joint ventures that it holds there achieve a combined profit of 80-90 million yuan (S$15-17
      FILE PHOTO  -  586 words
    • 299 5  -  By EMILYN YAP TUNG Lok Restaurants (2000) on Saturday posted a net profit of $4.06 million for the year ended March 31. This is more than six times the $650,000 it earned last year. Earnings per share in the financial year was
      299 words
    • 1286 5 Payment Ex Books Pay Ann (cts) date close date date Adv Integrated Mft an 0.330 20-May 24-May 06-Jun 28-Feb AIMS AMP Cap ag 0.255 26-Apr 28-Apr 08-Jun 20-Apr Amara Hldgs an 0.500 13-Jun 15-Jun 27-Jun 14-Apr Armstrong Ind ak 2.000 13-May 18-May 31-May 05-Apr Asia Pac Brew aw
      1,286 words
  • Page 5 Advertisements
    • 154 5 A car with personality. Your personality. The new generation C-Class. Agility that responds to your every move. The new generation C-Class reflects you, in every way. Exhilarating and in control it welcomes you by adapting to your driving style. Smooth power from the highly efficient engines is delivered via 7G-TRONIC
      154 words

  • SINGAPORE MARKETS
    • 425 6 CURRENCIES Bloomberg [BANGKOK] Asian currencies completed a weekly decline, led by the Malaysian ringgit and the New Taiwan dollar, as the worsening European debt crisis reduced demand for emerging- market assets. The MSCI Asia-Pacific Index of shares posted its fourth weekly loss
      Bloomberg  -  425 words
    • 521 6  -  COMMODITIES By JEFF ROSEME Jeff Roseme is a partner with the Bridgeton Group and trade member of the Singapore Mercantile Exchange (SMX). THE recent run-down of silver prices from weeks of historic highs revealed traits more similar to the
      521 words
    • 1543 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.18 2.73 11 15.36 10.42 1.42 1.60 Amtek Engg 2.00 1.75 4 11.82 8.46 1.45 1.00 ARA Asset Mgt 2.00 1.75 4 8.79 18.89 1.83
      1,543 words
    • 4 6 WEEKLY
      4 words
    • 66 6 May 27 VALUE CLOSE BT OB/OS -221.00 +233.0 BT CADI -*****.00 +63.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 756.00 -0.06 FTSE ST Small Cap 531.78 +1.31 FTSE ST All Share 768.10 +2.36 FTSE ST China Top 262.87 -0.64 FTSE ST China 300.66 -0.21 FTSE
      66 words
    • 62 6 VOLUME Golden Agri 566,089,000 Genting SP 382,344,000 Artivision 248,208,000 Allgreen 243,273,000 IndoAgri 168,017,000 Bund Center Inv 157,565,000 Cosco Corp 154,767,000 Nam Cheong 124,819,000 NexGenSCom 112,946,000 Noble Grp 107,192,000 VALUE($) Genting SP 764,894,255 Golden Agri 389,788,443 Allgreen 388,128,980 Cosco Corp 301,851,787 IndoAgri 293,693,891 Keppel Corp 282,369,752 SingTel 231,371,630
      62 words
    • 559 6  -  STOCKS R SIVANITHY Senior Correspondent IT’S hard to see trading change much this week from the pattern of the past few months. So for the next five days, it’s better to follow the same advice as that giv- en for
      559 words
    • 113 6 BY CENTS CLOSE UP GLD 10US$ ***** 257.2 1.4 DBXT SPASX200 10US$ 3655 94.0 2.1 Jardine C&C 3968 76.0 2.0 Asia Pac Brew 2570 70.0 2.8 DBS Bk 4.7% NCPS 100 ***** 62.0 0.6 Lyxor AsiaRE 10US$ 938 54.4 4.9 DBXT MSKorea 10US$ 6304 47.0 0.6 DBXT S&P Short
      113 words
    • 114 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 2722-218.9 -6.1 DBXT E50 10US$ 4370-207.8 -3.7 DBXT MSEurope 10US$ 4934 -97.7 -1.6 JMH 5092 -79.2 -1.2 JSH 2930 -79.2 -2.1 IS S&P500 ***** -77.9 -0.5 Great Eastern 1484 -72.0 -4.6 DairyFarm 903 -70.5 -5.9 SIA.ES.1105 1418 -52.0 -3.5 STXPO 100 902
      114 words
    • 5 6 WEEKLY
      5 words
    • 170 8 VALUE MAY 27 BID PRICE WEEK-ON-WEEK CHANGE Silverlake Axis 0.405 15.7 13,365 Metro 0.925 8.8 10,175 Singapore Shipping Corp 0.230 4.5 4,830 Jaya Holdings 0.575 3.6 3,450 Transpac Indl 2.390 3.0 7,170 Shanghai Asia 0.180 2.9 6,840 Elec Eltek Int'l 4.291 2.9 12,873 Datapulse 0.205 2.5 6,560
      170 words
    • 152 8 MAY 27 BID PRICE VALUE WEEK-ON-WEEK CHANGE Advance SCT 0.040 14.3 3,320 Reyphon Agriceutical 0.140 3.7 28,000 Annica 0.030 0.0 4,980 China Auto Electronics 0.110 0.0 11,000 China Titanium 0.005 0.0 625 HanKore Env 0.035 0.0 3,500 Jiutian Chemical 0.035 0.0 3,150 Lereno Bio-Chem 0.005 0.0 1,250
      152 words
    • 473 8  -  TEH HOOI LING Senior Correspondent THE offer to privatise Allgreen at some 40 per cent premium to its last traded price was the only spark in our portfolios last week. That offer lifted the lowest price-to-book portfolio by 2.8 per cent, making it
      473 words
    • 168 8 MAY 27 BID PRICE VALUE WEEK-ON-WEEK CHANGE The Hour Glass 1.030 3.5 9,270 Del Monte Pacific 0.460 3.4 4,600 AIMS AMP I REIT 0.215 2.4 3,225 Food Empire 0.390 1.3 4,290 Bukit Sembawang 4.350 0.9 4,350 Lippo-Mapletree Trust 0.545 0.9 8,720 Noble Group 2.050 0.5 22,177 Pacific
      168 words
    • 151 8 sentiment VALUE MAY 27 BID PRICE WEEK-ON-WEEK CHANGE Del Monte 0.460 3.4 4,600 Cityspring Infra Trust 0.545 1.9 4,905 People's Food 0.760 1.3 8,360 Parkway Life Reit 1.810 1.1 9,050 UIC 2.840 1.1 11,360 China Taisan 0.135 0.0 5,400 China XLX 0.435 0.0 7,395 FSL
      151 words
    • 170 8 MAY 27 BID PRICE VALUE WEEK-ON-WEEK CHANGE Allgreen Properties 1.590 39.5 19,080 Metro 0.925 8.8 10,175 Anwell Tech 0.240 4.3 3,984 Hong Fok 0.590 3.5 10,620 Sunningdale Tech 0.155 3.3 7,750 Guocoleisure 0.735 2.8 7,350 Singapore Land 7.100 2.6 14,200 QAF 0.620 2.5 15,500 Orchard Parade 1.510
      170 words
    • 159 8 MAY 27 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Sports 0.080 6.7 2,320 Low Keng Huat 0.465 1.1 15,345 Ho Bee 1.430 0.7 15,730 ASL Marine 0.600 0.0 5,400 China Sky 0.130 0.0 2,210 China Taisan 0.135 0.0 5,400 Straits Asia Resources 2.920 -0.3 14,600 SC Global 1.330
      159 words
    • 1634 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited MORE directors went into the market last week, with most buying than selling when it came to their companies’ shares. Filings on the Singapore Exchange from May 23 to 27 show
      1,634 words
  • Page 6 Advertisements
    • 86 6 HPT Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 CM Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the above mentioned investment product(s). Trading in the
      86 words

  • Page 7 Advertisements
    • 195 7 A new business, a new name, and an exciting future Duty Free International Limited (DFI), formerly Esmart Holdings Limited, has changed its name to reflect its new stature as one of the leading and fastest-growing duty-free retailers in Malaysia. DFI, which now owns DFZ Capital Berhad as well as DarulMetroSdnBhd,willhavespecialisedbusinesses
      195 words


  • COMPANY NEWS
    • 482 9  -  Deterioration of new-orders-to-inventory ratios may indicate slowdown By MICHELLE TAN CONCERNS are shifting from inflation to growth in emerging markets and this will have implications in terms of asset allocation, says HSBC Global Research. Inflationary worries in emerging markets (EM) have been receding of
      REUTERS  -  482 words
    • 404 9 M ay 27 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank
      404 words
    • 258 9 COMPANY MEETING PLACE DATE TIME CDW Hldg A S Prince 2, Level 13, Copthorne King’s Hotel, 403 Havelock Road, 2.30pm Singapore *****2 31-May 2.45pm Low Keng Huat A Grand Mercure Roxy Hotel, Siglap, Katong Amber Room, Level 3, 50 East Coast Road, Roxy Square, Singapore *****9 31-May 11.00am
      258 words
  • Page 9 Advertisements
    • 208 9 Nurturing Financial Leaders of Tomorrow The FSDF Finance Scholarship Programme (FSP) The financial services industry is increasingly assuming more challenging and sophisticated activities.The focus on competency and specialization will be even more pronounced. Given this, grooming the right talent remains a key pillar in Singapore's development as an International Financial
      208 words

  • SINGAPORE NEWS
    • 835 10  -  Alone or with a group, the award-winning turntablist’s performances certainly have bite, says DYLAN TAN SINGAPORE ARTS FESTIVAL DYLAN TAN ARGUABLY more important than the plot or filming location, music has always been the key ingredient of Bollywood movies. So for a group of young
      835 words
    • 674 10  -  By NATALIE KOH IT was supposed to be a tribute to Singaporean women of the 50s and 60s largely left in the shadows as their men took to the political forefront and built the framework for the modern city-state. But while HERstory
      674 words
    • 484 10  -  Participation from the audience is also a requirement By TAN TECK HENG ALMOST Left Behind, a “performance exhibition” which went on last weekend at The Substation, had everyone onboard for a quirky and interactive theatre experience not often found in Singapore. The show was
      484 words
    • 437 10  -  By DYLAN TAN WITH themes about going half-and-half and working hard to win, it’s no wonder Hokkien songs have become a favourite of many middle-aged penny-pinch-ing/slave -driving Chinese businessmen whose gold chains are thicker than their waistlines. But the origin of their music is
      437 words

  • ACCOUNTANTS FOR BUSINESS
    • 1628 11  -  MICHELLE QUAH gets industry views on goal to become a global hub for accountancy services by 2020 MICHELLE QUAH ARE Singapore’s ambitious plans to transform its accountancy sector over the next 10 years just that ambitious? The Committee to Develop the Accountancy Sector (CDAS)
      1,628 words
  • Page 11 Advertisements
    • 64 11 Your growthure is the measureccess of our success ACCA develops its traineeslobally, and members globally,rigorou with the most rigorousraining. and relevant training. Wedividual’s ensure each individual’sent and own development and’re fit make sure they’re fit forhey can business. So they cannisatio help your organisationn use u grow. And then use
      64 words

  • VIEWS FROM THE TOP
    • 2916 12 THIS WEEK’S TOPIC: Do the guidelines given to the Salary Review Committee cover all the bases, or are there additional guidelines that should be considered? What factors should the committee focus on in determining the new quantum and range of ministers’ salaries? Stefanie Yuen-Thio Head, Corporate
      REUTERS  -  2,916 words

  • Page 13 Advertisements
    • 111 13 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
      111 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1027 14  -  There are many types of instruments that can get you exposure to the market, reports MINDY TAN YOU win some, you lose some, is how the saying generally goes. But according to famed commodities investor Jim Rogers, in commodities, you can have
      1,027 words
    • 879 14  -  Ooi Tong Si tells HOON YI SHYUAN how she got interested and used her savings to invest in equities STARTING YOUNG HOON YI SHYUAN A MAJOR in finance and law at Singapore Management University (SMU), Ooi Tong Si was introduced to investing when her friend
      ARTHUR LEE  -  879 words
    • 307 14 ASK DR INVEST Q: There have been a number of IPOs in the market but not all have fared equally well after listing. How can I tell which IPOs are good ones to subscribe for? A: Investing in IPOs is usually deemed riskier than investing
      307 words
  • Page 14 Advertisements
    • 346 14 Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to start investing, feature
      346 words

  • Page 15 Advertisements
    • 647 15 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the re-employment of older employees. Building a globally competitive workforce and a great workplace are MOM's business outcomes in its vision to develop A Great Workforce; A Great Workplace for Singapore. Planning And Getting
      647 words

  • ECONOMY WATCH
    • 608 16 Goldman Sachs cuts 2011 global growth forecast to 4.3% from 4.8% Bloomberg [LONDON] The world economy is losing strength halfway through the year as high oil prices and fallout from Japan’s natural disaster and Europe’s debt woes take their toll. Goldman Sachs
      Bloomberg  -  608 words
    • 577 16 US, Europe vow to cut deficit but don’t spell out targets Bloomberg [DEAUVILLE, France] Group of Eight leaders said a strengthening global economy will pave the way to cuts in the debt built up during the recession that followed the 2008 financial crisis.
      Bloomberg  -  577 words
    • 354 16 Bloomberg [RIO DE JANEIRO] Capital flows to emerging markets won’t significantly slow when the US Federal Reserve ends its bondpurchasing programme known as quantitative easing (QE2), said Olivier Blanchard, chief economist at the International Monetary Fund (IMF). “QE2 has only a marginal
      Bloomberg; REUTERS  -  354 words
    • 275 16 Bloomberg [MELBOURNE] Natural disasters probably cut more than one percentage point from Australia’s economic growth in the first quarter, Treasurer Wayne Swan said three days before a government report on gross domestic product (GDP). The June 1 report from the Bureau of Statistics likely
      Bloomberg  -  275 words
    • 461 16 Bloomberg [NEW YORK] Bond traders’ confidence is growing in Mexican central bank governor Agustin Carstens’ ability to hold down inflation in Latin America’s second-big-gest economy. The yield gap between government debt tied to inflation and fixed-rate notes, a gauge of investor expectations
      Bloomberg  -  461 words
  • Page 16 Advertisements
    • 1136 16 B3ATS NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg Head Office No. 46, Guancian Rd., Jhongjheng District,Taipei City *****,Taiwan (Republic of China) Singapore Branch 80, Raffles Place, #34-01, UOB Plaza 1, Singapore *****4. Tel: +65 *****555 BOARD OF DIRECTORS Chairperson of the Board Wang, Yao-Shing Managing
      1,136 words
    • 537 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF INFORMATICS FINANCIAL LEARNING PTE. LTD. (“the Company”) (Co. Reg. No. *****9698G) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 1 3A
      537 words

  • Page 17 Advertisements
    • 193 17 G i if* a V <2 GULF •S- OF CARPS so V Lu isfORr Douglas RNS NORTH QUCENSLASIR^SZ^ CKAV OCKHAMPTO, or SOUTH :v QUEENSLAND <?. G i 5»t f YEARS QBE Congratulations Best Wishes /^MHC \]juJUt Q, 04^I^CCT' MHC Medical Network Pte Ltd RVC Associates Pte Ltd Insurance Services Ich
      193 words

  • MALAYSIA/INDONESIA
    • 561 18 Masterplan sketches out US$100b of roads, new city, 9% growth by 2025 Reuters [JAKARTA] Indonesia has unveiled ambitious plans to become one of the world’s top 10 economies by 2025. The government of South-east Asia’s largest economy will overhaul its dilapidated
      Reuters  -  561 words
    • 694 18  -  BN’s ability to execute policy is in doubt MALAYSIA INSIGHT PAULINE NG KL Correspondent THE National Economic Advisory Council (NEAC) met last week to decide on whether to proceed with a power tariff hike. Its decision is to be made known this
      694 words
    • 1896 18 VOL May 27 RM +/-(‘000) A M Realty 0.48 unch 0 Abric Bhd 0.30 unch 2 Advance Synerg 0.23 -0.01 139 Adventa Bhd 2.15 -0.01 19 Ae Multi Hldgs 0.29 -0.01 179 Affin Holdings 3.28 unch 873 Ahmad Zaki Res 0.83 0.01 157 Aic Corp 1.01 unch 34
      1,896 words
  • Page 18 Advertisements
    • 1636 18 @{(%\<%.=$=$\.<!*`'(?+/]+-_|+~- Registered Office: Amstelveenseweg 500 1081 KL Amsterdam The Netherlands CONSOLIDATED BALANCE SHEET OF ING BANK AS AT 31 DECEMBER BEFORE PROFIT APPROPRIATION 2010 2009 (in millions of euros) ASSETS Cash and balances with central banks 9,519 12,602 Amounts due from banks 51,828 43,397 Financial assets at fair value through
      1,636 words

  • GREATER CHINA/INDIA
    • 454 19 India comes second and Vietnam third in an index measuring 16 parameters Bloomberg [BEIJING] China ranks first among 22 emerging Asian economies as the country most likely to maintain steady and rapid growth over the next five years, according to the Bloomberg Economic
      Bloomberg; BLOOMBERG  -  454 words
    • 468 19 This may scuttle Cairn’s US$9.6b deal with Vedanta Reuters [NEW DELHI] A government panel will recommend that the operators of Cairn Energy’s key Indian oil field must share the royalty burden in proportion to their stake in the project, a government source
      Reuters  -  468 words
    • 534 19 Pilgrimages remain an essential part of life for millions here AFP [MUMBAI] India’s pilgrimage centres are fast becoming hot-spots for hotel chains, as both domestic and international groups look to plug a gap in the market for quality accommodation. Devotees flocking to so-called “temple
      AFP  -  534 words
    • 289 19 Bloomberg [BEIJING] China’s industrial companies’ profit growth slowed after the government raised interest rates and curbed lending to rein in inflation and limit asset bubble risks. Profit rose 29.7 per cent in the first four months to 1.49 trillion yuan (S$283.7 billion) from a year
      Bloomberg  -  289 words
    • 184 19 Reuters [NEW DELHI] India is likely to revise down its growth forecast for the current fiscal year, currently 9 per cent, a senior official said, which would bring the government’s view closer to the outlooks of private sector economists. Early this month, the
      Reuters  -  184 words
  • Page 19 Advertisements
    • 696 19 .'$[&':?}~}`<[-.?~^_]_<'\.[}&*{ Annual results HSBC Private Bank HSBC 2010 Issued by HSBC Private Bank (Suisse) SA, which is incorporated in Switzerland with limited liability (In CHF thousands] as at December 31 Balance sheet Assets 2010 2009 Total subordinated loans 237,601 303,501 Statement of Income Tier 1 capital (to risk weighted assets]
      696 words

  • WORLD
    • 450 20 He says signs of a global economic slowdown may drag down stock prices Bloomberg [BUDAPEST] Nouriel Roubini, the economist who predicted the global financial crisis, said stock markets are at the “tipping point” of a correction as economic growth may begin to slow. Companies
      Bloomberg; XINHUA  -  450 words
    • 624 20 Treasury yields seen to dip, giving bond traders more profits NYT [NEW YORK] There is nothing more intimidating than the bond market, once it starts flexing its muscles. So said James Carville, the Democratic political strategist, after finding himself on the losing side
      NYT  -  624 words
    • 337 21 A Frankfurt-London gulf appears to be emerging: paper Reuters ters [SINGAPORE] The senior ranks of Deutsche Bank are on the verge of open warfare, the Financial Times said, as the process of finding a successor to the chief executive degenerates into acrimony. The
      Reuters; ters; BLOOMBERG  -  337 words
    • 566 21 Tobacco firms will litigate against plain packaging plan AP [CANBERRA] Australia faces a smoking hot battle against big tobacco companies over a plan to remove their last bastion of advertising the cigarette pack. The government wants to replace the distinctive colours of various brands
      AP  -  566 words
    • 450 21 Nasdaq OMX, NYSE Euronext, LSE said to have held talks with clearinghouse Bloomberg [LONDON] The world’s biggest clearinghouse for swaps is attracting interest from the world’s high-est-profile operators of equities exchanges. LCH.Clearnet Group Ltd said on Saturday it has been approached about “some form
      Bloomberg  -  450 words
    • 441 22 Reuters [MADRID] Spain’s governing Socialists chose Deputy Prime Minister Alfredo Perez Rubalcaba as leader for what analysts see as a doomed campaign to reverse slumping fortunes ahead of a general election next year. Voters mauled the government in local polls last weekend over its
      Reuters; AP  -  441 words
    • 458 22 It doesn’t say where attack came from but claims no data was compromised Reuters [WASHINGTON] Lockheed Martin Corp, the US government’s top information technology provider, said on Saturday it had thwarted “a significant and tenacious attack” on its information systems network a week
      Reuters  -  458 words
    • 108 22 SEA bream being displayed during Italy’s Slow Fish event in Genoa over the weekend. Small scale fishermen threatened by industrial fishing have gathered together for four days in the city to give curious consumers a taste offish they might not be used to seeing on
      AFP  -  108 words
    • 519 22 Official data show its GDP grew by just 2.5% in the 2000s AFP [ROME] Workers rioting in Italy’s historic shipyards this week are only the latest sign of a sense of national economic gloom that is pushing businesses to look
      AFP  -  519 words
    • 693 23 It has lost the ability to develop category-defining hit products, say analysts NEWS ANALYSIS AFP [TOKYO] As Sony struggles to recover its shredded reputation in the wake of perhaps the largest ever cyber attack, it is facing a more worrying problem, say analysts
      AFP  -  693 words
    • 500 23 Alonso is second and Button comes in third, with top three separated by just 2.3 seconds Reuters [MONACO] Formula One world champion Sebastian Vettel took his fifth victory in six races yesterday when he won a crash-hit Monaco Grand Prix thriller for
      Reuters; REUTERS  -  500 words
  • Page 20 Advertisements
    • 1588 20 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg THE BANK OF NEW YORK MELLON Head Office: One Wall Street, New York, NY *****, U.S.A The Bank of New York Mellon Corporation (and its subsidiaries) Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2 CONSOLIDATED
      1,588 words
    • 23 20 Discover Greener i Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change i of Address Notices I WATS NOTICES 3
      23 words

  • Page 21 Advertisements
    • 144 21 Ameropa, a leading commodity trading firm seeks a financial professional for its fast growing Asian presence. A successful candidate for the position of: Finance Manager Should have minimum 5 years experience in corporate finance, preferably in commodity trading environment and solid prior knowledge about use of various documentary payment instruments
      144 words
    • 1084 21 BUY IT- SELL IT- FIND IT MATS 1 r" F c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES Clearing ABN AMRO CLEARING BANK N.V. (A 100% SUBSIDIARY OF ABN AMRO BANK N.V., INCORPORATED IN THE NETHERLANDS) Consolidated Balance Sheet As at 31 December 2010 In EUR thousand 2010 2009 Assets Cash
      1,084 words

  • Page 22 Advertisements
    • 1035 22 MATS I C F C Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES First Gulf Bank PJSC Head Office: PO Box 6316, Abu Dhabi, United Arab Emirates Singapore Branch: 80 Raffles Place, #10-01/02, UOB Plaza 1 Singapore *****4 CONSOLIDATED BALANCE SHEET 31 December 2010 2010 2009 AED000 AED 000 ASSETS Cash and
      1,035 words

  • Page 23 Advertisements
    • 1231 23 BUY IT• SELL IT• FIND IT :*ATci i r" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES ABN AMRO GROUP N.V. Incorporated In The Netherlands Head Office: Gustav Mahlerlaan 10, 1082 Amsterdam, The Netherlands Singapore Branch: Level 25, One Raffles Quay, South Tower, Singapore *****3 Consolidated Balance Sheet As at 31
      1,231 words

  • AVIATION/SHIPPING
    • 565 24 The plane’s flight displays were showing inconsistent speed readings NYT [PARIS] The captain of the Air France jet that crashed in the Atlantic two years ago was in the cockpit, although not at the controls, as the crew struggled to recover
      NYT  -  565 words
    • 450 24 VLCC freight cost in longest run of gains since March Bloomberg [LONDON] Strengthening US demand for Middle East oil will buoy charter rates for supertankers next month as it causes ships to sail on longer journeys than normal, Fearnley Consultants A/S analyst Sverre
      Bloomberg  -  450 words
    • 209 24 AP [SAO PAULO] Brazil needs to pick up the pace to get its airports ready in time for the 2014 World Cup, the nation’s planning minister said. But minister Miriam Belchior said that although Brazil is behind schedule preparing its airports for football’s
      AP  -  209 words
    • 3266 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1245 EY473 1955 --VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835 1525 Athens
      3,266 words
  • Page 24 Advertisements
    • 407 24 SAMUDERA SHIPPING LINE LTD NOTICE TO TRADE SOC SHIPMENTS (LADEN) FROM SINGAPORE PORT KLANG TO INDIAN SUBCONTINENT PEAK SEASON SURCHARGE In order to maintain the level of service demanded by the trade during the peak season, we will be implementing the following Peak Season Surcharges (PSS) for all SOC shipments
      407 words
  • Page 24 Miscellaneous
    • 304 24 CRYPTIC CROSSWORD Across 7 Folds? Little credit makes things more tolerable (7) 8 Duff gen put down leaving country (7) 10 One who may have excited NASA tutor? (9) 11 Small mountain, say (5) 12 Major accepting one is a bit wet (5) 13 Pleasant beer, a 21 briefly brewed
      304 words

  • DINING OUT
    • 798 25  -  By Cheah Ui-Hoon NEW RESTAURANT Chef Chan’s restaurant National Museum of Singapore #01-06, 93 Stamford Road Tel: 6333 0073 MANY who heard that Chef Chan’s Restaurant has re-opened must have wondered why the chef is already back from China when he left just
      FILE PHOTOS  -  798 words
  • Page 25 Advertisements
    • 344 25 WINE DINE AND HOSPITALITY I Dumpling Decadence 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,
      344 words
    • 7 25 Q1resultsof 40% ofS-chips lower than expected Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      7 words

  • SINGAPORE STOCKS
    • 8744 26 Week ended: May 27 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 16 +1 290 16 15.5 15.5 16.5 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 8.5 +0.5 5340 8.5
      8,744 words
    • 1746 27 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 6 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 161 -3 23 164 154 153 161 95.5 1.5 0.5
      1,746 words
    • 115 27 Stock name Close Change CapMallsAsia 1.610 -0.020 CapitaLand 3.110 CapitaMall 1.940 +0.010 CityDev 11.100 +0.120 ComfortDelGro 1.440 -0.010 DBS Grp 14.720 +0.040 F&N 6.040 +0.070 GLP 1.980 -0.020 Genting SP 2.000 -0.010 Golden Agri 0.700 +0.010 Stock name Close Change HK Land 7.400 JMH 50.920 -0.280
      115 words
    • 2617 27 Transaction date: May 27 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.14 unch 8 Aeon Stores 16.10 0.10 44 Angang Steel 8.59 0.04 ***** Anhui Conch-50 33.45 1.50 ***** Anhuiexpresswa 6.38 0.02 376 Asia Satellite 17.36 -0.64 1 Asm Pacific 105.90 1.30 347 Bank Of E Asia 32.95
      2,617 words
    • 258 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A49 +0.5 15 49 46 48.5 50 3.6 7.1 3.9 127.6 55 16 Genting HK US$ US41.5 +1 ***** 41.5 39 41 41.5 2732.6
      258 words
    • 186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 12 4 0 0 0 2 12 4 Manufacturing 50 102 59 7 17 13 57 119 72 Commerce 18 29 29 1 8 3 19 37 32 Tpt/Stor/Comms 10 26 10
      186 words
    • 922 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113 +0.5 10 113 113 113 515.8 1077 761 CIMBAsean40 100US$ US1035 -28 10 1040 1027 1042 1049 41.4 350
      922 words
    • 123 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 141,629 141,629 423,253 423,253 Manufacturing 1,040,416 118,606 1,159,022 1,141,622 4,357 1,145,979 Commerce 457,360 88,040 545,400 611,049 32,015 643,064 Tpt/Stor/Comms 580,515 17,719 598,234 1,013,225 2,197 1,015,422 Finance 66,966 5 66,971 661,580 1 661,581 Construction 166,578 5,606
      123 words

  • Page 27 Advertisements
    • 26 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr May 27 Index Change Change Change Change Change Change World Index Preliminary 919.5 0.5 2.4 0.2 1.0 0.9 4.6 EAFE Preliminary 788.9 0.5 -1.5 0.6 -0.5 1.4 3.0 Europe Preliminary 1179.1 0.7
      374 words
    • 183 28 May 27 May $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.15 US$ 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
      183 words
    • 22 28 May 27 S$ Bid Offer 1-month 1.2367 1.2377 2-months 1.2367 1.2377 3-months 1.2366 1.2377 6-months 1.2364 1.2375 Source: OCBC
      22 words
    • 172 28 May 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 514.0 512.0 514.0 9 238 Jul 11 102 Aug 11 70 Sep 11 305 Oct 11 500.3 493.0 500.3 16 131 Nov 11 490.0 490.0 490.0 12
      172 words
    • 77 28 May 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 25.08.2011 0.33 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.17 5-Year N*****0W 1.125 01.04.2016 100.13 10-Year NX*****X 2.250 01.06.2021
      77 words
    • 107 28 May 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1379.75 1384.75 1394.25 1376.00 Aug 11 1375.75 1381.00 1390.00 1372.50 Sep 11 1372.00 1377.00 1383.50 1368.00 Nov 11 1368.50 1372.50 1380.50 1364.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 58.61
      107 words
    • 77 28 CRUDE OIL PRODUCTS May 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.85 0.50 WTI (Near Mth) 100.26 -1.11 Dubai (1-Mth F) 108.39 1.21 Tapis blend 120.47 1.66 Minas 117.87 1.66 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.78 2.56 Jet Kerosene 127.70 4.05 US$/barrel Opec Oil
      77 words
    • 2956 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 9 6.44 36 ASJ Hldgs W*****1 1.5 0.5 500 1 4 22 3.00 9 AlliedTech W*****2 2 -1.5 6 1 4 30 Asia Water Tech
      2,956 words
    • 121 28 May 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.362 1.285 Can dollar 1.291 1.242 Euro 1.788 1.72 Sterling pound 2.073 1.994 NZ dollar 1.032 0.983 US dollar 1.26 1.212 Local dollars to 100 units of foreign
      121 words
    • 27 28 May 27 Open High Sett STI May 3136 SIMSCI May 364.3 368.5 366.4 Taiwan May 311.5 314.0 312.0 Source: MF Global (S) Pte Ltd
      27 words
    • 65 28 May 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3527 3544 3556 3527 1092 4367 Jul 11 3483 3490 3503 3479 2540 ***** Aug 11 3440 3438 3454 3424 ***** ***** Sep 11 3416 3408
      65 words
    • 463 28 May 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7300 0 1789 Sep11 99.6600 0 5755 Dec11 99.5950 0 3123 Mar12 99.5000 0 1677 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6700 0 1466 Dec11 99.6725 0 1957 Mar12 99.6600 0 3877 Jun12 99.6700
      463 words
    • 464 28 May 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.937 0.750 8.315 48.277 91.511 0.865 11.566 3.236 1.309 91.484 46.332 1.322 7.407 0.917 30.858 32.447 0.650 1.069 Canada 0.958 6.644
      464 words
    • 85 28 May 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 28 May 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3212 1.3229 1.0683 1.0688 Canadian dollar 1.2654 1.2670 1.0232 1.0236 Euro 1.7623 1.7645 1.4250 1.4256 NZ dollar 1.0093 1.0107 0.8161 0.8166 Sterling pound 2.0334 2.0355 1.6442 1.6446
      154 words
    • 138 28 May 27 GOLD (US$/oz) May 27 May 26 Hong Kong 1529.30 1528.20 May 26 May 27 London 1517.92 1532.50 1518.81 1533.25 Source: Thomson Reuters CAST BAR May 27 (S$) Selling Buying Kilobar 65,142.67 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 61 5gm 414 304 10gm 740
      138 words
    • 71 28 May 27 May 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2619.00 2557.00 3 months 2625.00 2562.00 Copper, Grade A (US$/tonne) Cash 9188.25 9010.00 3 months 9199.00 9020.00 Lead (US$/tonne) Cash 2524.00 2511.50 3 months 2505.00 2491.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 82 28 May 27 COCOA (£/tonne) Close Prev High/Low Jul 11 1813 1849 1860/1805 Sep 11 1836 1873 1884/1828 Dec 11 1864 1900 1911/1855 Mar 12 1891 1926 1936/1881 COFFEE (US$/tonne) Close Prev High/Low May 11 2575 2581 2593/2578 Jul 11 2594 2600 2607/2576 Mar 07 2636 2636 2642/2613 Nov 11
      82 words

  • 5583 29 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    5,583 words
  • Page 29 Advertisements

  • Page 30 Advertisements
    • 56 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 ■I- THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping
      56 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 571 31  -  The two companies have announced a cloud-based document management set-up for SMBs, reports VICTORIA HO VICTORIA HO SINGAPORE Telecommunications (SingTel) has teamed up with Canon to strengthen its already strong cloud offering to the small and mediumsized business (SMB) sector. The two companies
      571 words
    • 529 31  -  It aims to grow business analytics skill sets here By VICTORIA HO SAS, the largest independent vendor in the business intelligence market, has signed a partnership with four tertiary institutions in Singapore. This is expected to benefit some 2,000 students over the next few
      529 words
    • 590 32  -  Asia-Pac sales jump 14% to US$1.1b; set to grow to US$2.8b by 2015, says IDC By AMIT ROY CHOUDHURY A NEW report shows that companies in the Asia-Pacif-ic excluding Japan (APEJ) are investing in security appliances to counter online security threats. IT research agency
      Source: IDC  -  590 words
    • 340 32 Reuters [SHENZHEN] Microsoft’s new Windows Phone platform won instant support from major manufacturers on Wednesday when China’s ZTE and Taiwan’s HTC Corp pledged to launch smartphones running the software. The US software giant had stepped up its push into the cellphone market a day
      Reuters  -  340 words
    • 310 32 AP [TAIPEI] Computer manufacturers of all sizes and descriptions have been pushing to get a piece of the ever-expanding tablet market created by the launch of Apple’s iPad in April 2010. The obsession with tablet computing will be on full display tomorrow
      AP  -  310 words
  • Page 31 Advertisements
    • 221 31 EMERSON Network Power Turn your data center from. CLOUD RISKY to CLOUD READY Step 3: You must be able to manage fluctuating power needs. Who thought clouds could be so hungry? Because a cloud's virtualization technology means dynamic compute environment built on a static foundation, you must be able to
      221 words

  • Page 32 Advertisements
    • 106 32 I >A 1 i SrCM.,, nil em -*rL JZ*ggg!Sr* I!?? r.—«c ;ZS&Sxmfl m 1 w ty, > f s--i mk r 58^ .4 k. V v) oo n. b? s 12 N >t t t LV 277 IIS VUITTON CHRONOMETER Nj 8®! LOU m A iO J« D O M
      106 words