The Business Times, 8 May 2012

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Microfilm: NL32010
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 S$1.00 THE BUSINESS TIMES online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, May 8, 2012
    25 words
  • Article
    Lock icon Panic sets in as Greece and France vote out austerity
    746 1  -  Fears over future of eurozone grow, stock markets plunge and investors scurry for safety By NEIL BEHRMANN in London STOCK markets in Asia and Europe tumbled yesterday after Greek and French election results stoked fears of a further eurozone crisis.
    746 words
  • Article, Illustration
    Lock icon PRODUCTIVITY MATTERS
    115 1 The Business Times, in partnership with the National Council of Productivity and Continuing Education, will from today carry a weekly section on productivity. The series, which appears every Tuesday, will span all 16 sectors identified by the council as those for which roadmaps will be charted to help
    115 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 us$ s$ US$ (S$ per US$) 1.248 (US$/S$ per 1.614 2.014 EURO (US$/S$/E) 1.301 1.625 Foreign currency per US$ S$ YEN 79.90 64.00 RM 3.055 2.447 HK$ 7.763 6.218 BAHT 31.00 24.83 RUPIAH 9,227 7,391 RENMINBI 6.309 5.053 INDIAN RUPEE 53.26 42.66 A$ 0.984 0.788 NZ$ 1.261 1.010 KL
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.535 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article
    Lock icon Firms start dragging their feet on payments
    819 1  -  By SIOW LI SEN [SINGAPORE] More companies are facing cash flow problems and delaying their payments as the economy slows, says DP Information Group. The problem seems most acute in the services sector where, in the first quarter, 50 per cent of the
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      125 1 SME Inc Personal values a biker shows the way PAGE 13 COMPANIES SGX out of the contest for LME: report PAGE 5 COMMENTARY Tweet to end patent wars? PAGE 23 *****1 *****4 ULYSSE NARDIN Since 1846 Le Locle Suisse Executive Dual Time Self-winding. Patented time zone quick setting. Black ceramic
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      32 1 S’PORE NEWS Life insurance industry posts modest Q1 growth PAGE 10 Investors should look to US high yield bonds in this low interest rate world: Read full report on BTInvest at http://www.btinvest.com.sg
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      280 2 Panic as Greece, France shun austerity STOCK markets in Asia and Europe tumbled after Greek and French election results stoked fears of a further eurozone crisis. FRONT PAGE Firms start dragging feet over payments MORE companies are facing cash flow problems and delaying their payments as the economy
      280 words
    • Article
      Lock icon Lionel Yeo to take over as STB chief executive on June 1
      518 2  -  By RACHEL AU-YONG [SINGAPORE] The Singapore Tourism Board (STB) will have a new chief executive at its helm come June 1. Lionel Yeo, 39, will take over from Aw Kam Peng, the Ministry of Trade and Industry (MTI)
      518 words
    • Article, Illustration
      Lock icon Not easy using monetary policy to tackle inflation: MAS
      606 2  -  Challenge to identify demand and supply drivers, while being alert to expectations By TEH SHI NING [SINGAPORE] Monetary policy ought to react “decisively” to short-term inflation driven by strong demand, but should aim to restrain not quash price pressures which stem
      606 words
    • Article
      Lock icon Gambler sued by RWS declares bankruptcy
      685 4  -  He owes $1.68m to the S’pore casino and A$1.35m to an Aussie casino By GRACE LEONG [SINGAPORE] A Singaporean gambler has filed for bankruptcy after being sued by Resorts World Sentosa (RWS) over unpaid gambling debt, in what lawyers say is the first case
      685 words
    • Article
      Lock icon Temasek, RRJ invest US$468m in Cheniere
      241 4 Reuters [BANGALORE] Cheniere Energy Inc has secured US$468 million in equity investment from Singapore investor Temasek Holdings and private equity firm RRJ Capital to help fund its proposed liquefied natural gas export plant in Louisiana. Cheniere will use the investment and cash on hand
      Reuters  -  241 words
    • Article, Illustration
      Lock icon Merkel urges Greece to stick to reform course
      899 4 AFP AP [ATHENS] German Chancellor Angela Merkel said yesterday that it was “of utmost importance” that Greece stick to the reform course agreed in exchange for an EU-IMF bailout, despite a voter backlash. “It is of course of utmost importance that the
      AFP; AP  -  899 words
    • Article
      Lock icon China can’t save Europe by itself: top economist
      620 4  -  Large forex reserves no match for size of European debts By LYNETTE KHOO [SINGAPORE] Europe is too big to be saved by any one country, not even China, whose massive foreign exchange reserves are no match for the size of the European
      620 words
    • Article, Illustration
      Lock icon Markets keenly await Hollande’s policies
      663 4 Reuters [PARIS] A victorious Francois Hollande faces a short honeymoon after his election as France’s first left-wing president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity. The moderate Socialist
      Reuters; AP  -  663 words
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      329 2 ABEST21, Japan, accredits S P Jain School of Global Management S P Jain joins an elite list of business schools accredited for its Global MBA Program by the Alliance on Business Education and Scholarship for Tomorrow (ABEST21). As ABEST21 is promoted by the Japanese Ministry of Education, accreditation by them
      329 words
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      52 3 Asset Management Wealth Management Asset Services Advice. Best received before you need it. I y Pictet Cie, Geneva Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo Montreal Nassau Taipei Osaka www.pictet.com Independent minds PICTET 18
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      195 5 m Class id m m N I A Class ?> Rule the road. Reach for the stars. The E-Class and the S-Class. Now with subsidised instalments and additional overtrade of up to $30,000. Instalments from $1,088 Enjoy the exhilaration of driving the E-Class with its 7G-TRONIC 7-speed automatic transmission and
      195 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX out of the contest for LME: report
      593 5  -  HKEx, CME Group, NYSE Euronext, Intercontinental said to be in the running By JAMIE LEE SINGAPORE Exchange (SGX) said yesterday it is officially out of the running in the bid for the London Metal Exchange (LME). “SGX is not in the contest
      BLOOMBERG  -  593 words
    • Article
      Lock icon Sembcorp buys wind power assets in China
      530 5  -  US$85.5m deal is its first foray in sector in huge market By RONNIE LIM SEMBCORP Industries has just made its first-ever investment in wind power by signing a sale-and-pur-chase agreement with The AES Corporation to acquire part of the NYSE-listed group’s power assets
      530 words
    • Article
      Lock icon HPH Trust Q1 profit in line with target
      444 5  -  By JOYCE HOOI HUTCHISON Port Holdings (HPH) Trust posted a net profit attributable to unitholders of HK$462.8 million (S$74.3 million) for the quarter ended March 31, 2012, sliding in one per cent ahead of its projected figure in its initial public offering
      444 words
    • Article
      Lock icon Cache Reit to buy warehouse for $66m
      512 6  -  Pandan Logistics Hub will give net property income yield of 7.6% By FELDA CHAY CACHE Logistics Trust is making its biggest buy to date in the form of a ramp-up logistics warehouse facility, for which it will shell out $66 million. The real
      512 words
    • Article, Illustration
      Lock icon CWT Q1 profit triples as new unit transforms business
      415 6  -  By KENNETH LIM COMMODITIES logistics company CWT Ltd tripled its first-quarter net profit to $26.4 million as it enjoyed revenue from a newly acquired business. CWT said net profit for the quarter ended March 31 jumped 213 per cent from $8.4
      FILE PHOTO  -  415 words
    • Article
      Lock icon Better sales boost OSIM Q1 net by 10% to $22m
      469 6  -  By CAI HAOXIANG OSIM International yesterday posted a 10.3 per cent net profit increase for the first quarter to $22.2 million. Chief financial officer Peter Lee said at a media conference that improved profits were due to an increase in
      469 words
    • Article, Illustration
      Lock icon FJ Benjamin Q3 profit rises to $3.5m on best sales in 5 years
      470 6  -  By NISHA RAMCHANDANI FASHION retailer FJ Benjamin Holdings (FJB) posted a net profit of $3.5 million for the third quarter ended March 31, 2012, up from $3.22 million in Q3 FY2011. Group turnover rose 7 per cent
      470 words
    • Article
      Lock icon Ex-MF Global S’pore staff sue for unit’s information
      526 9 But liquidator KPMG says complaint misguided and should be dismissed Bloomberg THE Singapore unit of MF Global Holdings Ltd, the bankrupt firm once run by Jon Corzine, was sued by seven former employees, including the head of sales for Asia, seeking information
      Bloomberg  -  526 words
    • Article
      Lock icon MTQ net up 37% at $14.6m
      251 9  -  By KELLY TAY MTQ Corporation Ltd which specialises in the fabrication, repair, and maintenance of oilfield equipment registered a 37.4 per cent year-on-year jump in net profit, to $14.6 million, for the year to March 31,2012. Revenue climbed 40 per cent to $128.4 million,
      251 words
    • Article
      Lock icon Second Chance Q3 earnings double
      221 9  -  By VEN SREENIVASAN SECOND Chance Properties posted another set of strong results, thanks largely to fair value gains of its properties. The company has guided that it will pay a dividend of 3.3 cents for the full year, translating into a yield of some 8.8
      221 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ntegrator wins US$5.5m deal in Peru
        36 9 NTEGRATOR International Ltd said it has won a maiden contract in Peru. The contract, worth US$5.5 million, was awarded by the company’s repeat customer, Viettel Global Investment Joint Stock Company.
        36 words
      • Article
        Lock icon Otto Marine expects to report Q1 loss
        89 9 OTTO Marine Ltd said yesterday that it expects to report a loss for the first quarter ended March 31, 2012, largely due to the volatility in foreign exchange rates of the euro against the US dollar, and the US dollar against the Singapore
        89 words
      • Article
        Lock icon XinRen Aluminum warns of Q1 loss
        26 9 XINREN Aluminum Holdings warned that it expects to record a loss for the first three months ended March 31, 2012.
        26 words
    • Article
      Lock icon No audit opinion for Pacific Healthcare
      468 9  -  Firm’s going concern status in doubt, says auditors E&Y By FELDA CHAY PACIFIC Healthcare Holdings, which recently lost three of its independent directors, said late yesterday that its auditor, Ernst Young LLP (E&Y), has issued an independent auditors’ report saying that it is “unable
      468 words
    • Article
      Lock icon SIA Engg Q4 earnings rise 8.9%
      306 9  -  By FELDA CHAY SIA Engineering Co (SIAEC) posted a net profit of $66.3 million for the fourth quarter ended March 31, 2012, an 8.9 per cent rise from $60.9 million for the previous corresponding quarter on the back of higher profits from associated and
      306 words
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      Lock icon Page 6 Advertisements Column 1
      1292 6 Bank Julius Baer Co. Ltd. Consolidated Balance Sheet 31.12.2011 31.12.2010 Change Assets CHF 1000 CHF 1000 CHF 1000 Cash 4 233 883 1 118 220 3 115 663 Due from banks 10 758 566 7 227 693 3 530 873 Loans 15 265 054 13 762 220 1 502 834
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      200 6 Special One-day Summit on MYANMAR THE NEW FRONTIER FOR BUSINESS INVESTMENT 31 May 2012, Marina Mandarin Hotel, Singapore Opportunities, Risks and Challenges of Doing Business in Myanmar Summit Highlights: •The Political Backdrop What Reforms Mean for Business in Myanmar and on the International Front Outlook for Myanmar's Financial Markets Legal
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      118 7 I* V Ml S f WN* o r •tt t; b >%A- v a I -..-n-Yi c^“ --Tr^& *u£»s £T* v-.CfT V* >;•• C. ‘V,w> ■v'*. v *.te- Z'* >CvT ■'f i. vi a v SjKv !i *A v. ?-v >'V W* 7"■ \vj^- fx *v jv* A'TC'TA?■':■ C* C-‘-
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI in sharp single-day selldown
      576 8  -  Index closes nearly 66 points down in Asian pullback on macro and political developments offshore STOCKS VEN SREENIVASAN Senior Correspondent THE results of the French and Greek elections, coupled with the poorest jobs data in the US in six months, resulted in the expected selldowns
      Source:  -  576 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 May 7 VALUE CLOSE BT OB/OS -804.00-389.00 BT CADI -*****.00-315.00 BT 10-day MA -*****.00 -80.00 FTSE ST Mid Cap 666.94 -12.91 FTSE ST Small Cap 446.22 -7.48 FTSE ST All Share 705.91 -15.29 FTSE ST China Top 208.91 -6.12 FTSE ST China 243.38 -7.35 FTSE ST Catalist
      64 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 13 2 0 0 0 0 13 2 Manufacturing 11 103 24 5 12 7 16 115 31 Commerce 9 43 10 2 10 3 11 53 13 Tpt/Stor/Comms 5 24 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      825 8  -  Compiled by LYNETTE KHOO StarHub May 7 close: $3.20 DBS GROUP RESEARCH, May 7 PRUDENT cost management lifted earnings: Its Q1 FY12 net profits of $88 million (+28 per cent y-o-y, -5 per cent q-o-q) beat market expectations of $80 million. This was due to lower handset subsidy
      Source: Bloomberg  -  825 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,392 31,392 174,914 174,914 Manufacturing 389,400 288,808 678,208 242,432 13,409 255,840 Commerce 313,301 28,097 341,398 130,500 1,446 131,947 Tpt/Stor/Comms 98,138 14,209 112,347 158,778 4,837 163,615 Finance 22,264 22,264 190,879 190,879 Construction 346,614 70,051 416,665 20,919
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.430 -0.045 CapitaLand 2.780 -0.160 CapitaMall 1.755 -0.050 CityDev 10.340 -0.250 ComfortDelGro 1.460 -0.025 DBS Grp 13.970 -0.220 F&N 6.850 -0.210 GLP 2.050 -0.040 Genting SP 1.705 -0.040 Golden Agri 0.710 -0.015 HK Land 5.910 -0.310 JMH
      113 words
    • Article, Illustration
      Lock icon Asian currencies slide on European election results
      572 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell, led by South Korea’s won and Malaysia’s ringgit, after the results of elections over the weekend in Europe stoked concern that the region’s debt crisis may worsen. The won dropped by the most in a month as
      Bloomberg; AP  -  572 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME UniFiber 206,328,000 JEP 175,808,000 Plastoform 116,484,000 Golden Agri 86,787,000 JEL Corp 81,866,000 HLH Grp 72,675,000 AdvanceSCT 70,567,000 MDR 69,815,000 TopGlobal 64,247,000 IPCO Intl 50,803,000 VALUE($) Keppel Corp 137,565,690 SembMar 87,553,960 DBS Grp 79,528,720 SingTel 73,627,060 Golden Agri 61,265,001 Genting SP 56,825,160 UOB 47,823,390 Noble Grp 46,804,515
      56 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 300.0 2.3 DBXT S&P Short 10US$ 3816 177.2 3.9 GLD 10US$ ***** 108.6 0.5 DBXT iBoxxUSTr 5US$ ***** 99.8 0.4 DBXT FTVietnam 10US$ 2672 46.2 1.4 Sarin 141 11.0 8.5 DBXT MSPAKIS 10US$ 122.5 10.5 7.4 IS MS India 100US$ 560
      111 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -1000 -3.8 IS S&P500 ***** -647.7 -3.7 DBXT MSEurope 10US$ 4155 -219.6 -4.1 DBXT E50 10US$ 3297 -203.4 -4.7 DBXT MSKorea 10US$ 5720 -173.5 -2.4 DBXT SPASX200 10US$ 3291 -162.2 -3.8 DBXT MSAsExJp 10US$ 3036 -136.0 -3.5 Jardine C&C 4668 -110.0
      123 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      49 9 a 91.1 fwac TOOL’S BIST wse-s* LIVE IN LOWON 12 JULY 2012 ■>> >• v '4c0? ol ocm OR LOG ON TO N E IN t0^ 3F m rA 0I0913.C0M L I I IW* detA ilS! more FOR J m V$2 Mm 1 tnnu'T'S BES1 MWSX S BEST icon honk
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      14 9 MAY ISSUE OUT NOW! $38,000 worth of spa treats up for grabs! ONLY $4.20
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      Lock icon Page 9 Advertisements Column 3
      305 9 .Waste METAsia Waste Management Environmental Technology Exhibition and Conference 1-4 JULY 2012 SANDS EXPO CONVENTION CENTER MARINA BAY SANDS, SINGAPORE HALL A Ik Asia's Only Business Trading Platform for Solid Waste Management, Recycling Resource Recovery Solutions a Jl. 0 JOIN USA! Waste MET Asia WasteMET Asia Trade Exhibition DISCOVER the
      305 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon AND THE WINNERS ARE ...
      139 10 AND THE WINNERS ARE DBS Asia Dragons, DBS’s very own dragon boaters (above), rowed to first place for all the 200m and 500m races during the DBS Marina Regatta last weekend. The team, formed just three months ago, comprises 10 women and 33 men from a wide range of departments
      139 words
    • Article
      Lock icon Life insurance industry records modest Q1 growth
      491 10  -  But it sees global uncertainties, low interest rates weighing on growth Reports by JASMINE NG THE life insurance industry in Singapore recorded modest sales growth for the first quarter this year, but there may be bumps on the road ahead. A total of
      491 words
    • Article
      Lock icon Most insured trust their advisers: survey
      297 10 MOST Singapore residents have a positive view of the local life insurance industry and trust their insurance advisers, according to a survey. A recent consumer survey commissioned by the Life Insurance Association (LIA) polled 800 Singapore respondents who are categorised into users and non-users
      297 words
    • Article
      Lock icon ‘Live Great’ – Great Eastern’s drive to healthy living
      359 10  - ‘Live Great’ Great Eastern’s drive to healthy living By JOSHUA TAN MOST are familiar with Great Eastern’s slogan of “Life is Great”, but the life insurance group’s new “Live Great” programme looks to redefine this notion. The company is now refocusing its priority from being merely an insurer who is
      359 words
    • Article
      Lock icon No disruption in South Sumatra gas so far: GSPL
      518 11  -  Indonesian reports say road blockade to Suban gasfield may affect supplies By RONNIE LIM THERE has been no disruption to Singapore’s piped natural gas supplies from South Sumatra so far, said Alan Heng, CEO of Te-masek-owned gas importer, Gas Supply Pte
      518 words
    • Article
      Lock icon Colombia picks Singapore path to grow its economy
      944 11  -  President Santos also identifies areas for S’pore investments By MALMINDERJIT SINGH COLOMBIA, the natural resources-rich Latin American country, wants to emulate Singapore’s success in growing its economy rapidly. It hopes to build a culture of innovation, research and development (R&D) and productivity,
      944 words
    • Article, Illustration
      Lock icon S’pore, UAE seek new cooperation areas
      528 11  -  By LEE U-WEN SINGAPORE and Abu Dhabi have kick-started talks on new areas of cooperation such as media development, urban planning and solid waste management. This was revealed yesterday by Minister of State for Trade and Industry and National Development Lee Yi Shyan, who
      528 words
    • Article
      Lock icon Marlborough College Malaysia to open in August
      598 11  -  By TIMOTHY LOH PARENTS looking to send their children to international schools have a viable new option with the establishment of Marlborough College Malaysia. Due to open in August this year, the 36.4 hectare campus in Iskandar, Malaysia, is an expansion of Marlborough
      598 words
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      116 10 Want to Shine at ChildAid? BIGGER, BETTER BRIGHTER BE PART OF SINGAPORE’S BIGGEST CHILDREN’S CHARITY CONCERT. JUST LIKE THESE YOUNG TALENTS, YOU CAN SPREAD THE JOY OF GIVING AND HELP THE LESS FORTUNATE SIMPLY BY UNVEILING YOUR TALENT. EMAIL A VIDEO OF YOUR PERFORMANCE WITH YOUR NAME, AGE, CONTACT AND
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      61 11 Featuring insights and analyses by an eminent and diverse collection of more than 50 speakers including Yoshihide Soeya Director, Keio Institute of East Asian Studies Japan Zheng Yongnian Professor Director, East Asian Institute Singapore Dirk Moens Secretary General, European Union Chamber of Commerce in China, People’s Republic of China Organizer
      61 words
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  • SME Inc
    • Article, Illustration
      Lock icon Productivity through using existing systems
      919 12  -  More effective execution of work with current resources may be the more viable option for SMEs, which are typically tight on human resources, reports JOSHUA TAN reportsJOSHUA reportsJOSHUA TAN WHILE many companies are searching for new frontiers to increase productivity, the better use of existing
      919 words
    • Article, Illustration
      Lock icon Why sustainability makes business sense
      846 12  -  Engage SMU profs JOANNETAY Joanne Tay is an associate professor of accounting (education) at the School of Accountancy, Singapore Management University Q: “Sustainability” seems to be the latest buzzword in business, but how can environmental measures and social concerns improve business profit? In an environment
      846 words
    • Article, Illustration
      Lock icon Personal values – a biker shows the way
      1436 13  - Personal values a biker shows the way Our actions and decisions project perception of our firm’s values COMMENTARY By PAUL HENG The writer is founder/executive coach of NeXT Corporate Coaching Services THERE are at least two things you would rather not experience when you are in a moving vehicle hearing
      REUTERS  -  1,436 words
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      Lock icon Page 12 Advertisements Column 1
      95 12 HAVE an interesting story on an SME that you would like to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages details like how much the company has grown, and what sort of expansion plans it has, would be
      95 words
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      104 12 HAVE a pressing question about a business-related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and
      104 words
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      91 13 English Workplace /TEA SINGAPORE 1 IAIQ I WORKFORCE SKILLS BETTER COMMUNICATION, GREATER EFFICIENCY, HIGHER PRODUCTIVITY I vvo l ni c rflT nMC Work Safely with Effective Communication English Workplace brings customised English courses to your workplace. Your staff will be able to: n*/ Communicate better Enhance their personal effectiveness Improve
      91 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Raising the bar for the sector
      1404 14  -  Logistics firms should raise productivity by deepening their supply chain management expertise, reports LYNN KAN reportsLYNN LOGISTICS LYNN KAN TO the average consumer, a couple of mouse-clicks is all it takes to get that pair of shoes (made in China, no doubt) delivered from
      FILE PHOTO; Source: SPRING Singapore, EDB Singapore  -  1,404 words
    • Article, Illustration
      Lock icon Technology gives firms a vital edge
      886 15  -  But for many SMEs help is needed to invest in the gizmos and software, reports LYNN KAN LOGISTICS reportsLYNN reportsLYNN KAN TECHNOLOGYmakes the difference for the logistics sector, which demands efficiency and also needs a panacea for its manpower crunch. Yet, a hard truth
      YEN MENGJIIN; ARTHUR LEE  -  886 words
    • Article
      Lock icon Where to go
      666 15 Schemes for all sectors: FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Productivity and Innovation Credit (PIC) Inclusive Growth Programme (IGP) iSPRINT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six
      666 words
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  • ECONOMY WATCH
    • Article
      Lock icon Signs show US recovery on solid ground
      554 16 Analysts point to strong car sales, bank credit, firm industry, housing Bloomberg [WASHINGTON] The smallest gain in US payrolls in sixth months need not presage the kind of slowdown that bedevilled the world’s largest economy for the past two years. Rising car sales,
      Bloomberg  -  554 words
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      Lock icon Risk of permanently high US joblessness rising
      613 16 Unemployment duration at 39 weeks, double the average of 15 weeks Bloomberg [WASHINGTON] After looking for work since May 2009, Raquel Barron, 40, hears the same thing when she interviews: We don’t want to hire someone who’s been jobless for so long. “They
      Bloomberg; AFP  -  613 words
    • Article
      Lock icon Aussie Q1 retail sales beat forecast
      491 16 Reuters [SYDNEY] Australia’s retail sales posted their biggest jump in nearly a year in March, an encouraging end to the quarter amid industry hopes for a sustained pick-up after a surprisingly large interest rate cut last week. Y e s t e r d
      Reuters  -  491 words
    • Article
      Lock icon Angry labourers delay Brazil’s rush for hydroelectric power
      619 16 NYT [JACI PARANA, Brazil] The revolt here on the banks of the Madeira River, the Amazon’s largest tributary, flared after sunset. At the simmering end of a 26-day strike by 17,000 workers last month, a faction of labourers who were furious over
      NYT  -  619 words
    • Article, Illustration
      Lock icon Argentina pins hopes on two young men to manage YPF
      579 16 AP [BUENOS AIRES] Miguel Galuccio sat quietly with a nervous smile as Argentina’s president suddenly thrust the youthful oil executive from obscurity into one of the nation’s most high-pressure jobs: leading the newly state-controlled energy company. As political leaders applauded,
      AP; AFP  -  579 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia’s economy grows at slowest pace in six quarters
      593 17 Q1 growth is 6.3% from a year ago; exports down due to weaker demand Reuters [JAKARTA] Indonesia posted its slowest growth in six quarters in the first three months of this year as exports fell due to weaker global demand, and
      Reuters  -  593 words
    • Article
      Lock icon Vote BN, don’t fall for opposition plot to topple govt: Dr M
      416 17  -  By S JAYASANKARAN in Kuala Lumpur FORMER premier Mahathir Mohamad asserted yesterday that the Bersih demonstrations were part of a larger plan to discredit the government as the opposition was not confident of winning the next general election.
      416 words
    • Article
      Lock icon Engage reform advocates, urges Najib’s sis-in-law
      426 17  -  By PAULINE NG in Kuala Lumpur A SISTER-IN-LAW of Prime Minister Najib Razak’s has suggested that his administration engage with advocates of electoral reform to restore public confidence in the election process before the next general election. Unity needs to be maintained, and wounds
      426 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      178 17 T NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter Of the Companies Act (Cap. 50) AND In the Matter Of HOE HUP SENG HUAT HOLDING PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) REGISTRATION NO. *****5617H NOTICE IS HEREBY GIVEN that the creditors of HOE HUP SENG HUAT HOLDING
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      Lock icon Page 17 Advertisements Column 2
      906 17 SUN EAST GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that Special General Meeting of Sun East Group (the “Company”) will be held at 168 Robinson Road, FTSE Room Level 9, Capital Tower, Singapore *****2 on 31 May 2012 at
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      Lock icon Page 17 Advertisements Column 3
      491 17 KDB Bank the korea development bank Headquarters: 16-3 Yeouido-dong, Yeongdeungpo-gu, Seoul 150-973, Korea Tel: (82-2) 787-4000/5000/6000/7000 Fax; (82-2) 787-7891 Swift: KODBKRSETlx; KODBANK K***** Website: http://www.kdb.co.kr Singapore Branch: 8 Shenton Way #07-01 AXA Tower Singapore *****1 Tel: *****188 Fax: *****540 Email: Singapore® kdb.co.kr BALANCE SHEETS (BANKING ACCOUNT) (as of December 31,2011
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India defers by a year tax evasion measures
      764 18 Move likely to allay fears of overseas investors and stop exodus of funds Reuters [NEW DELHI] India delayed by one year the introduction of measures to crack down on tax evasion yesterday, moving to mollify overseas investors whose panic has led to
      Reuters; AP  -  764 words
    • Article
      Lock icon Proview, Apple negotiating deal over i-Pad trademark
      334 18 AFP [SHANGHAI] A Chinese computer company which sued Apple over the rights to the iPad trademark in China is now in talks for an out-of-court settlement, a lawyer for the firm said yesterday. Proview Technology, based in the southern Chinese city of Shenzhen,
      AFP  -  334 words
    • Article
      Lock icon China to boost influence with iron ore platform
      490 18 Reuters [SHANGHAI] China’s first physical iron ore trading platform is set to debut today, helping the world’s biggest buyer of the commodity boost its price-setting influence. The timing looks perfect. Nearly all iron ore sold to China is now based on spot
      Reuters  -  490 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      709 18 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS FULL-DAY WORKSHOPS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars ST IBS No No.1 Recruitment site in Singapore 11 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH
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  • WORLD
    • Article
      Lock icon Trading volume in US bourse still falling since 2008 crisis
      606 19 Continued decline stands in marked contrast to past economic recoveries NYT [NEW YORK] Even though US stocks have doubled in price in the past three years, investors and traders large and small keep giving the market the cold shoulder. Trading
      NYT  -  606 words
    • Article, Illustration
      Lock icon Exporters lead rebound in German stocks
      650 19 Bloomberg [LONDON] While Germans debate their role in rescuing Europe from its debt crisis, stocks in the DAX Index have never had it so good. Companies in Germany were the seven best performers in the Euro Stoxx 50 Index this year as of April
      Bloomberg; REUTERS  -  650 words
    • Article
      Lock icon US rebate system costing investors US$5b a year?
      581 19 NYT [NEW YORK] The rules governing Wall Street generally force stockbrokers to seek out the best prices for clients who pay them to buy and sell shares. In recent years, though, brokers have had another enticement that can pull them in a
      NYT  -  581 words
    • Article, Illustration
      Lock icon Japan billionaire US$702m poorer
      492 19 His social-gaming firm plunges by the daily limit on TSE Bloomberg [TOKYO] Yoshikazu Tanaka, Japan’s youngest billionaire and founder of Gree Inc, lost US$702 million yesterday after his socialgaming company plunged by the daily limit in Tokyo on concerns one of its sales methods may be
      Bloomberg; REUTERS  -  492 words
    • Article
      Lock icon Mining overhaul may allow Xstrata plan: Aquino
      349 19 Bloomberg [MANILA] The Philippines is set to unveil a mining policy that boosts the government’s take from resources contracts, identifies protected areas and still lets a stalled Xstrata Plc project to proceed, President Benigno Aquino says. “It really is a question of balancing
      Bloomberg  -  349 words
    • Article, Illustration
      Lock icon Dual-class stock popular among tech start-ups
      614 20 Founders adopt this strategy to be able to steer the business even after IPO Bloomberg [SOUTHFIELD, Michigan] Mark Zuckerberg’s majority control over Facebook Inc, a model adopted by founders of Zynga Inc and Groupon Inc, has become the new normal in Silicon Valley as
      Bloomberg  -  614 words
    • Article
      Lock icon Internet radio drawing fans with personal playlists, free music
      589 20 But costs rising as listeners grow, due to royalty payments Reuters [NEW ORLEANS] Internet radio is shaping up as competition for digital audio players by providing free online music streaming from websites such as Pandora and Spotify. Singer-songwriter Theresa Andersson had
      Reuters  -  589 words
    • Article, Illustration
      Lock icon A candidate who does it his way
      439 20 Romney overrules advisers on politically sensitive topics Bloomberg [WASHINGTON] Mitt Romney is campaigning across the country as a busi-ness-turnaround specialist, casting himself as a political outsider who understands “the real economy”. Yet to craft his economic plans, the Republican presidential candidate has turned
      Bloomberg; AP  -  439 words
    • Article, Illustration
      Lock icon US Treasury sells US$5b of AIG shares, cutting its stake to 63%
      497 20 Bailed-out insurer will buy US$2b of the stock offering Bloomberg [WASHINGTON] The US Treasury Department agreed to sell US$5 billion of shares in American International Group in a stock offering, with the bailed-out insurer buying US$2 billion of
      Bloomberg; REUTERS  -  497 words
    • Article
      Lock icon Political feud may stop Obama’s nominees joining Fed
      379 20 Reuters [WASHINGTON] President Barack Obama’s two nominees to the Federal Reserve appear likely to fall victim to a long-running political feud, which would leave the central bank short-handed as it struggles with tough regulatory and monetary policy questions. Republican Senator David Vitter
      Reuters  -  379 words
    • Article, Illustration
      Lock icon More election shocks seen for Merkel’s allies
      482 21 AP [BERLIN] Voters in Germany’s northernmost state on Sunday ousted a governing centre-right government made up of the same parties as Chancellor Angela Merkel’s federal coalition, according to official results. For Ms Merkel, the defeat of her local allies in Sch-leswig-Holstein state could
      AP; AFP  -  482 words
    • Article, Illustration
      Lock icon Putin pledges unity on return to Kremlin
      434 21 Reuters [MOSCOW] Vladimir Putin took the oath as Russia’s president yesterday with a ringing appeal for unity at the start of a six-year term in which he faces growing dissent, economic problems, and bitter political rivalries. Outside the Kremlin’s high red walls, riot
      Reuters; AP  -  434 words
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      Lock icon Oil prices continue slide on US hiring, European elections
      592 21 Crude has slumped amid signs demand may be weaker than previously expected AP Reuters [LONDON] Oil prices continued a three-day slide and fell below US$98 a barrel yesterday as a slowdown in US hiring and election results in Europe dimmed expectations
      AP; Reuters; REUTERS  -  592 words
    • Article
      Lock icon Spain bailout of 4th-largest listed bank seen hitting 10b euros
      777 21 Rodrigo Rato, troubled Bankia’s chairman, quits AFP Bloomberg [MADRID] Spain will swoop in with public money this week to clean up huge bad loans at the nation’s fourthbiggest listed bank, Bankia, the government said yesterday. As news emerged of the
      AFP; Bloomberg  -  777 words
  • Page 19 Advertisements
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      323 19 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MF GLOBAL SINGAPORE PTE. LIMITED (Provisional Liquidators Appointed) (Incorporated in the Republic of Singapore) (Co. Registration No.: *****3253G) (hereinafter referred to as the “Company”) NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTIONS 296 and 297
      323 words
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  • Page 20 Advertisements
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      29 20 TODAY IN Lianhe Zaobao European US markets remain weak Will China II bourse if become II the bright spotP P3 7 To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg
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  • EDITORIAL & OPINION
    • Article
      Lock icon Closer scrutiny of corporate pay needed
      444 22 EDITORIAL PERHAPS the biggest fallout of the 2008 financial crisis were the huge payouts which powerful Wall Street corporate moguls, and especially bankers, enjoyed despite precipitating a crisis which almost turned into the second Great Depression of the modern age. In its aftermath, corporate
      444 words
    • Article, Illustration
      Lock icon Beware the scam artist – in a market near you
      793 22  - Beware the scam artist in a market near you THE BOTTOM LINE NEIL BEHRMANN London Correspondent The writer’s thriller, “Trader Jack, The Story of Jack Miner”, is available on e-books FRAUDSTERS seem to be finding new and inventive ways to fleece the unwary. So much so that regulators in the
      793 words
    • Article, Illustration
      Lock icon Realising full potential of medical tourism
      1151 22  -  There’s urgent need to address lack of optimal collaboration between various stakeholders By JANSON YAP YONG CHERN CHET Janson Yap is Life Sciences and Health Care leader at Deloitte Southeast Asia, and Yong Chern Chet, a qualified medical practitioner, is Senior Manager, Risk Consulting
      REUTERS  -  1,151 words
    • Article, Illustration
      Lock icon Tweet to end patent wars?
      1614 23  -  Twitter’s new policy on patents may help to end intellectual property conflicts in the ICT industry AMIT ROY CHOUDHURY Technology Editor A RECENT announcement by social networking site Twitter could potentially show the way to put an end to the harmful patent wars that plague
      REUTERS  -  1,614 words
    • Article, Illustration
      Lock icon Those revolting Europeans
      886 23  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 THE French are revolting. The Greeks, too. And it’s about time. Both countries held elections on Sunday that were in effect referendums on
      REUTERS  -  886 words
    • Article, Illustration
      Lock icon Signs of long-term joblessness for US
      711 23  -  LEON HADAR Washington Correspondent THE US unemployment rate went down to 8.1 per cent in April from 8.2 per cent the month before, and the number of unemployed people declined to 12.5 million from 12.7 million, the lowest since Barack Obama’s first month in
      711 words
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  • AVIATION
    • Article
      Lock icon Qantas delays delivery of A380s as it cuts spending
      446 24 It was to receive 2 superjumbos next year, but will now get them in FY16-17 AFP [SYDNEY] Embattled carrier Qantas said it will delay the delivery of two A380 superjumbos as part of a further A$400 million (S$508 million) in spending
      AFP  -  446 words
    • Article, Illustration
      Lock icon Aer Lingus plays safe with maiden dividend
      510 24 Reuters [DUBLIN] Irish airline Aer Lingus offered its first dividend in more than five years as a public company on Friday following a return to profit, disappointing some shareholders who had hoped for a bigger payout. Aer Lingus, which has not made any
      Reuters; BLOOMBERG  -  510 words
    • Article, Illustration
      Lock icon NZ to triple China flights to boost tourism
      609 24 Xinhua [WELLINGTON] Auckland Airport, the main international gateway to New Zealand, is aiming to triple the number of services flying to China by 2020 as part of an ambitious plan to expand New Zealand’s tourism industry. The airport management has released the
      Xinhua; BLOOMBERG  -  609 words
    • Article
      Lock icon Goldman urged to back American takeover
      742 24 AMR bondholder is being lobbied by US Airways: sources Bloomberg [NEW YORK] Goldman Sachs Group Inc may emerge as a pivotal participant in deciding the fate of AMR Corp’s American Airlines in bankruptcy. The firm, an AMR bondholder, is among creditors being lobbied by
      Bloomberg  -  742 words
    • Article
      Lock icon Nordic Aviation sees larger turboprops soon
      391 24 Bloomberg [TOULOSE] Bombardier Inc and Avions de Transport Regional, or ATR, the only companies still building tur-bo-propeller passenger planes, will probably commit to larger models soon to help airlines beat fuel costs and overcome airport constraints, the world’s biggest turboprop lessor said. Nordic Aviation
      Bloomberg  -  391 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      303 24 CRYPTIC CROSSWORD Across 1 Lady Muck initially rich as one’s poor (11) 10 Doctor’s including operation for eye treatment (5) 11 Be let out I fancy from dungeon (9) 12 Kick out former wife with occupation about sex (9) 13 Liberal section of church backsliding (5) 14 Stagger one regularly
      303 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Costa Crociere takes delivery of new flagship
      618 25 Cruise operator hopes liner will help it get over deadly ‘Concordia’ disaster Reuters [VENICE] Cruise operator Costa Crociere has taken delivery of a new flagship liner, hoping the glamour of Italy’s biggest ship will mark a new era for a company whose reputation
      Reuters; REUTERS  -  618 words
    • Article, Illustration
      Lock icon APL’s ‘cleanest, greenest’ vessel sails into port
      283 25  -  By AMANDA EBER [SINGAPORE] An indoor swimming pool and a sauna are probably not the first things that come to mind when one pictures a container ship, but these are just some of the facilities on board the APL Southampton. Docking in Singapore
      ARTHUR LEE  -  283 words
    • Article
      Lock icon TRANSPORT ST0CKS
      252 25 SGX '000 May 7 S$ +/-Vol CH Offshore 0.45 -0.01 2311 Chuan Hup Hldg 0.24 unch 129 Cosco Corp 1.00 -0.04 6954 May 7 s$ First Ship Lea 0.19 unch 946 Freight Links 0.07 unch 3942 Grand Banks unch unch 0 Jaya Hold Ltd 0.55 -0.02 141 K1Ventures
      252 words
    • Article
      Lock icon Italian company owing 860m euros goes bankrupt
      640 25 Reuters [LONDON] Italian shipping company Deiulemar Compagnia di Navigazione has been declared bankrupt owing about 860 million euros (S$1.4 billion), raising fears that others could collapse as a four-year slump in the sector takes its toll. The move, announced last week, comes as
      Reuters  -  640 words
    • Article
      Lock icon China firms profit from curbs on Iran petrochem trade
      510 25 Reuters [SINGAPORE] Chinese shipping firms are making huge profits transporting Iranian petrochemicals after European Union (EU) sanctions against the Organization of the Petroleum Exporting Countries’ (Opec) second-largest oil producer decimated the competition, ship brokers said. EU sanctions prohibiting European insurers and
      Reuters  -  510 words
    • Article
      Lock icon Japan mulls guarantees for ships carrying Iran oil
      389 25 Reuters [TOKYO] Japan is considering a new law to provide sovereign guarantees for its ships to allow them to continue importing Iranian crude oil after European Union (EU) sanctions come into effect in July, the Nikkei business daily said. The EU has
      Reuters  -  389 words
    • Article
      Lock icon The Business Times Shipping times
      2120 26 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
      2,120 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2524 27 Transaction date: May 7 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 Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 116 -2 830 118 115 115.5 116 7.2 11.1
      2,524 words
    • Article
      Lock icon SGX CATALIST
      198 28 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 Last Vol Day 4.6 1.3 t Advanced System 3 +0.4 ***** 4.6 2.7 2.9 3 39.7 Last Quote DivGrYld Net M Cap High Low
      198 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7665 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Smaller Cos 1 1 6698/ EM Local
      7,665 words
    • Article
      Lock icon GLOBALQUOTE
      201 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 31.5 AVJennings A35 +1 1 35 35 31.5 36.5 3.6 10 2.8 91.1 46 25.5 Genting HK US$ US36 -0.5 3830 36 35.5 35.5 36 2370.4
      201 words
    • Article
      Lock icon SGX ETF
      978 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 100 CIMB APAC Div 100US$ US103 99.7 100.7 10.8 1261 856 CIMBAsean40 100US$ US1029 -11 19 1029 1029 1024 1026 161.4 ***** ***** DBXT AUD
      978 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      601 29 May 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9198.17 9206.45 9109.01 Jun12 9220.00 9270.00 9070.00 9110.00 ***** *****2 Sep12 9200.00 9200.00 9115.00 9105.00 0 7906 MSCI TAIWAN INDEX FUTURES SPOT 273.38 273.38 268.12 May12 273.60 274.10 267.10 268.20 ***** *****4 Jun12 273.10 273.10
      601 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr May 4 Index Change Change Change Change Change Change World Preliminary 884.4 -1.4 6.6 -1.4 2.6 -1.5 7.0 EAFE Preliminary 711.6 -1.2 4.3 -1.3 0.7 -1.3 5.0 Europe Preliminary 1043.9 -1.7 1.7
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      119 29 As on 04 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1645.60 1628.70 1645.30 114 CURRENCY AUD-USD FUT JUN2012 1.0226 1.0143 1.0142 1494 EUR-USD FUT JUN2012 1.3180 1.3091 1.3087 2207 BASE METAL COPPER FUT JUL2012 8275 8169 8204 2229
      119 words
    • Article
      Lock icon CHICAGO BOT
      107 29 May 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1475.00 1468.75 1475.00 1458.00 Jul 12 1478.25 1473.50 1481.25 1458.00 Aug 12 1458.25 1452.50 1459.25 1439.00 Sep 12 1398.25 1400.00 1405.75 1385.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 53.30
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 29 CRUDE OIL PRODUCTS May 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.21 -4.49 WTI (Near Mth) 98.53 -4.03 Dubai (1-Mth F) 111.67 -2.53 Tapis blend 121.99 -2.85 Minas 121.29 -2.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.06 -3.11 Jet Kerosene 129.00 -2.86 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 May 7 S$ Bid Offer 1-month 1.2479 1.2489 2-months 1.2478 1.2489 3-months 1.2476 1.2487 6-months 1.2467 1.2478 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      64 29 May 4 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2028.00 2050.75 3 months 2066.50 2090.00 Copper, Grade A(US$/tonne) Cash 8253.50 8284.50 3 months 8175.00 8229.00 Lead(US$/tonne) Cash 2100.25 2083.50 3 months 2105.00 2090.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 29 May 4 May COCOA(£/tonne) Close Prev High/Low May 12 1511 1517 1532/1503 Jul 12 1526 1534 1550/1517 Sep 12 1514 1518 1533/1505 Dec 12 1495 1500 1513/1484 COFFEE(US$/tonne) Close Prev High/Low May 12 1995 1951 1995/1970 Jul 12 2019 1975 2020/1978 Sep 12 2019 1985 2027/1986 Nov 12 2011
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1199 29 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 4 1 150 295 9.75 24 Conv Ratio Baker Technology Ltd W*****6 1.1 -1.4 24 1 32 12 26.82 6 Best World Intl Ltd W*****5 0.6 1 30
      1,199 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 May 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 6.412 0.781 7.890 54.128 93.788 0.812 11.555 3.105 1.281 92.304 43.050 1.269 7.965 0.938 29.852 31.503 0.630 1.016 Canada 0.987 6.326
      470 words
    • Article
      Lock icon SIBOR
      66 29 May 7 1U5V 15-51 1 inth O./S Its? A£*4ll' t intii0.M1M wrrafl f Ifiila OA'ilt' ikSSMK irnla 0,***** 0*10)4 vtiflliv asiTfi if umi \9mn SWAP a«tf r*lci i 15 1 mill Q&U* i mmv n.'iMi; 3 miin niifri-i (Ui.7 35 •-J mlh. fl t,*M SWAf Mid Min 0«si r
      66 words
    • Article
      Lock icon PRECIOUS METALS
      135 29 May 7 GOLD(US$/oz) May 07 May 04 Hong Kong 1648.00 1639.00 May 04 May 04 May 03 London 1637.70 1633.11 1638.50 1633.87 Source: Thomas Reuters CAST BAR May 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 451 330 10gm
      135 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 May 7 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2677 1.2700 1.0159 1.0169 Canadian dollar 1.2510 1.2528 1.0025 1.0031 Euro 1.6239 1.6254 1.3013 1.3015 NZ dollar 0.9893 0.9914 0.7928 0.7938 Sterling pound 2.0134 2.0152 1.6134
      155 words
    • Article
      Lock icon INTERBANK RATES
      154 29 May 7 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.12 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      154 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      91 29 May 7 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 10-Aug-12 0.25 0.25 0.24 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 100.15 100.15 5-Year N*****0Z 2.375 01-Apr-17
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    • Article
      Lock icon PALM OIL
      57 29 May 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3350.0 3365.0 3350.0 3350.0 1 2366 Jun 12 3327.0 3366.0 3364.0 3321.0 1509 ***** Jul 12 3318.0 3358.0 3357.0 3311.0 ***** ***** Aug 12 3300.0 3338.0
      57 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am May 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.293 1.232 Can dollar 1.281 1.22 Euro 1.659 1.58 Sterling pound 2.051 1.973 NZ dollar 1.017 0.969 US dollar 1.267 1.219 Local dollars to 100 units of foreign
      121 words
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  • PROPERTY
    • Article
      Lock icon Mortgage bonds outshine corporate notes
      1340 30 Returns have been 11 basis points higher since March, compared to 276 bp lower in the first quarter Bloomberg [NEW YORK] Government-backed mortgage bonds are beating corporate notes even as investors see shrinking odds the Federal Reserve will expand its holdings of US housing debt.
      Bloomberg  -  1,340 words
    • Article, Illustration
      Lock icon Call for lenders to end overcharging on home insurance
      861 30 Bloomberg ONE of the more confounding aspects of the US housing crisis has been the reluctance of lenders to do more to assist troubled borrowers. After all, when homes go into foreclosure, banks lose money. Now it turns out some lenders
      Bloomberg; BLOOMBERG  -  861 words
    • Article, Illustration
      Lock icon UBS bets on demand for toxic debt
      619 31 The bank is seeking buyers for CDOs with a face value of US$1.5b Bloomberg [NEW YORK] UBS AG, which had more than US$57 billion of losses and writedowns after the US re-al-estate crash, is betting there’s enough demand for toxic commercial property assets
      Bloomberg; BLOOMBERG  -  619 words
    • Article
      Lock icon Beijing rejects 14,000 home buyers in property market tightening
      228 31 Xinhua [BEIJING] Authorities here rejected the applications of more than 14,000 families who hoped to buy apartments last year amid the city’s efforts to tighten the property market in order to curb out-of-con-trol housing prices, local officials said yesterday. Officials with
      Xinhua  -  228 words
    • Article, Illustration
      Lock icon US architects hit the road to survive downturn
      792 31  -  Firms had to rethink the way they got business or die By LUCIANA LOPEZ Reuters WORKING for one of the world’s best-known architecture firms, Norman Morgan and Brent Sparks were used to new business landing on their desks. But when the financial
      Reuters; REUTERS  -  792 words
    • Article
      Lock icon UE sells over 200 units at Eight Riversuites: sources
      519 32 Reports of project’s average price vary from $1,300 psf to $1,400 psf By UNITED Engineers is said to have sold about 200 units at its Eight Riversuites condo project in Whampoa near Boon Keng MRT Station, which previewed over the weekend,
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    • Article, Illustration
      Lock icon Koh Brothers to offer free stay in project
      375 32  -  MICHELLE TAN FOR those looking for a temporary place to call home, the Koh Brothers Group may have one for a family of three and for free to boot. The developer is giving away a six-month stay from next month at its
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      97 32 BIRD'S EYE VIEW OF TENDERJOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. WATS NOTICES IT) O <u “O 4 Q. Wh -??Vc h yom i s hcire IG MARKETS Pc *yin 9 so Commission on Singapore share CFDs is just 0.1%
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