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Futures and Commodity Market News |
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Mon May 12, 2008 |
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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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SINGAPORE, May 09, 2008 (AsiaPulse via COMTEX) -- Highlights of today's newspapers: BUSINESS TIMES: - A sudden dive in Hong Kong this morning dragged the Straits Times Index down 9.95 points to 3,161.93. - On the back of the hike in oil prices which almost touched US$124 yesterday, electricity tariffs in Singapore have climbed to uncomfortable heights. - Ho Bee Investment yesterday reported a 62 per cent plunge in net earnings for the first quarter ended March 31, 2008, to S$26.1 million (US$19 million), from S$69.1 million in Q1 2007. - Commodities trading firm Noble Group nearly trebled its Q1 net profit to reach a record US$167 million, after seeing strong tonnage growth among its largest business divisions plus a disposal gain. - Swissco International - recently reproached by the Singapore Exchange (SGX) for disclosure breaches - has appointed KPMG Advisory Services its compliance adviser. - Developers are gingerly testing the water for residential launches this week. Far East Organization's listed unit Orchard Parade Holdings and Wing Tai have begun the official launch of their Floridian condo in Bukit Timah, marked by the start of an advertising campaign. THE STRAITS TIMES: - Do not overload your chief financial officer (CFO) with too many responsibilities, to the point where he can no longer focus on his key roles, Singapore's financial regulator urged yesterday. - Most childcare centres and preschools that have been asked to shut down temporarily to break the transmission of hand, foot and mouth disease (HFMD) among their charges aren't doing so. - If your latest power bill gave you a jolt, you had better get used to it because there is more to come. Soaring crude oil prices drove the benchmark market price of electricity to a record last month, and there is not much relief in sight. - Mystery buyers are set to acquire the historic Raffles Hotel for more than treble the S$200 million (US$145.9 million) it sold for just three years ago. - Three supermarket chains have uniform pricing across all their outlets, a Straits Times check has discovered. |
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(C) 2008 Asia Pulse Pte Ltd Please read the End User Agreement. News provided by COMTEX |
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