The Business Times, 7 March 2009

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Microfilm: NL29969
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES MARCH 7-8, 2009 Ssl.oo AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    14 words
  • Article, Illustration
    Lock icon S'pore's best-kept secret
    902 1  -  Emilyn Yap A register of 400 talented women, some qualified to serve on boards, if only companies would seek them out By emilyny@sph.com.sg Singapore a"^T ~^T Y E love the men," said women's association member Noor Quek with a smile. Y Y The question is, do men
    YEN MEN JIIN  -  902 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      106 1 FROM THE DESK OF TRAVEL "'^p^~^~^, WEALTH L Wk, NATASHA KWAN London Keep t:iirh in I ON THE SMART LIFE 9 calling Lio,u W*W*\in!§ ii> equities 30,31 PENNY SHOCK Citigroup shares at below US$l Investors lose confidence following USs37.sb losses and government rescue 5 EXPANSION MODE Beauty China opening 300
      106 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS Fridav Change
        47 2 KL COMP 858.22 -11.02 NIKKEI 225 7,173.10 -260.39 HANG SENG 11,921.52 -289.72 SET 419.51 +2.40 JAKARTA 1,286.69 -1.38 MANILA 1,920.16 -4.14 KOSPI 1,055.03 -3.15 SHENZHEN B 320.92 +4.50 MUMBAI IND 8,325.82 +127.90 12am EDT Chanpe 12am EDT Change DOW 6,567.44 -27.00 NASDAQ 1,277.74 -21.85
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      • Article
        Lock icon PRIME RATES
        30 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,53 HONG KONG 5,00 INDONESIA 16,623 TAIWAN 4,826 JAPAN 1,475 KOREA 9,33 BRITAIN 0,50 US 3,25 CANADA 2,50 SWITZERLAND 0,52 INDIA 12,25 1 Source:
        – Bloomberg  -  30 words
      • Article
        Lock icon FOREX
        42 2 US$ s$ US$' 1.547 :us$/ /S$ ier 1.427 2.208 EURO. ;us$/ 1.269 1.963 YEN 97.40 63.00 RM 3.720 2.404 HK$ 7.756 5.013 BAHT 36.09 23.32 RUPIAH 12,020 7,768 RENMINBI 6.839 4.420 INDIAN RUPEE 51.52 33.29 A$ 1.554 1.004 NZ$ 1.986 1.283
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    • Article
      Lock icon Gloom deepens as US jobless rate hits 8.1%
      483 2 AP, Reuters, Bloomberg LATEST US DATA No light at the end of the tunnel, says economist Washington THE US unemployment rate bolted to 8.1 per cent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening
      AP, Reuters, Bloomberg  -  483 words
    • Article, Illustration
      Lock icon Neste basks in a green glow
      584 3  -  Ronnie Lim Growing market for S'pore renewable diesel plant By ronnie@sph.com.sg Singapore OTHER investors may be scrapping their projects but it's flashing "green" for Neste Oil's $2.4 billion investment in Singapore and Rotterdam. The Finnish giant is brimming with confidence about its two renew-able-diesel
      ARTHUR LEE  -  584 words
    • Article, Illustration
      Lock icon Prices of golf club membership holding steady – for now
      513 3  - Prices of golf club membership holding steady for now Ven Sreenivasan By ven@sph.com.sg Singapore STOCK prices have tumbled to their lowest levels since 2003. On the property front, asset writedowns and landbank provisions have begun. The job market is facing its worst crisis in years. And the global financial market
      513 words
    • Article
      Lock icon Rotary honours MM Lee with highest award
      462 4  -  Chuang Peck Ming Achievements include creating an unrivalled education and public health care system By peckming@sph.com.sg Singapore nprkminpfaXnh mm w MINISTER Mentor Lee Kuan Yew has joined the likes of former United Nations secretary-general Kofi Annan, former US president Bill Clinton and former
      462 words
    • Article, Illustration
      Lock icon Banks skip, scale back at HK Sevens
      510 4 Hong Kong GOLDMAN Sachs and American International Group (AIG) will skip this month's Hong Kong Sevens, while other firms that took US government money including Citigroup and Royal Bank of Scotland (RBS) plan to scale back hospitality at the three-day rugby festival. Goldman,
      BLOOMBERG  -  510 words
    • Article
      Lock icon Fullerton India in consolidation mode
      432 4  -  Siow Li Sen Micro loan firm says hiring freeze is lifted, business is picking up By lisen@sph.com.sg Singapore TEMASEK Holdings' micro loan business in India is consolidating as the global downturn takes its toll. After opening branches at a breakneck speed in the last two
      432 words
    • Article, Illustration
      Lock icon You could have bought Citi shares at US$1
      474 5 Bloomberg They sank to as low as 97 cents in New York on Thursday before closing at US$l.O2 a plunge of 85% this year New York CITIGROUP Inc, once the world's biggest bank by market value, dropped below US$l in New York
      Bloomberg; AFP  -  474 words
    • Article
      Lock icon Japanese firms may get bigger cash lifeline
      512 5  -  Anthony Rowley Corporate low interest loan facility may triple to 3t yen ay btworld@sph.com.sg WITH large parts of Japan's manufacturing industry devastated by collapsing order books and profits, the government is considering additional emergency financial aid for the corporate sector. This may include
      512 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      62 2 NEWS LIVING Top stories 2-5 Shopping L 2-5 Raffles Conversation 6-7 Dining L 6-8 From The Desk Of 9 Letter From Abroad 18 Entertaining L 9 World T9-22 Travel LIO-IT Stocks stats 23-27 Home Garden LT2-T3 Perspective 28,29 Weekend With Ll4 Wealth 30-36 Health Ll5 Wealth Insights 32 Sport LI
      62 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Staying in the pink of health
      1889 6  -  Chen Huifen Abbott Laboratories' diversification strategy is reaping rewards for the company in the midst of an ailing global economy. And part of that strategy includes seeking out new investments in Asia, says CEO Miles White. By AS a child growing up in the
      fYEN MENG JIIN  -  1,889 words
    • Article
      Lock icon Raffles
      76 6 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean are rated
      76 words
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  • FOCUS: WOMEN
    • Article, Illustration
      Lock icon Women on board? Not quite
      825 7 S'pore firms lag in appointing non-executive women directors. By Emilyn Yap TWO recent Watson Wyatt studies have confirmed the huge gender imbalance that pervades Singapore's corporate scene and shown how the Republic is lagging behind its peers. The first looks at the number of female
      825 words
    • Article, Illustration
      Lock icon Developing a pool of women leaders
      372 7  -  Emilyn Yap By emilyny@sph.com.sg Singapore APART from the Singapore Council of Women's Organisations, several other groups and corporations are doing their bit to develop a pool of women leaders here. Take the Young Women's Leadership Connection (YWLC), for instance. Launched last year by ÜBS
      372 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Smartphones, smart firms, smart life
      1123 8  -  Natasha Kwan Companies can maximise productivity while encouraging work-life balance in the current downturn I FROM THE DESK OF General Manager for Microsoft's Mobile Communications Business (MCB) in Asia creasingly, there is the need to seamlessly connect people and their information that matters most, to
      1,123 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • Article, Illustration
      Lock icon THIS WEEK
      743 9 March 2-6, 2009 Singapore not in dire straits, says PM Lee FOR all the pervasive doom and gloom, Asia is not in crisis and Singapore is not in dire straits, says Prime Minister Lee Hsien Loong, invoking a "sense of balance" about the state of the economy. "This
      REUTERS  -  743 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      187 9 CRYPTIC CROSSWORD ACROSS H htj I n [3 I [4 I I5 [5 I 6 Punch up with fat bird (7) 1 Space perhaps, to see stars? BJ BJ 7 Tragedy a 'thesp' actor per7'Right on'in fashionable rub- P^PP P^i PP —PP PP P^P^ 9TiredTory with deep-set disor(7) I I
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      100 9 NEXT WEEK March 9-14/09 US DATA March TO Jan wholesale inventories March T2 Feb retail sales Jan business inventories March T3 Jan trade balance Feb export-import prices March Michigan sentiment SINGAPORE DATA March 9 Feb international reserves March T3 Jan retail sales and catering trade indices EVENTS March 9 US
      100 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Not quite a clean bill of health
      641 10  -  Chen Huifen CORPORATE COMMENTARY xuifen@sph.com.sg Journalist AS MUCH as health care providers would like to be known as reces-sion-proof, the diagnosis is clear. They are not. The latest results are telling. Parkway Holdings, the biggest private hospital operator here, suffered a 7-8 per
      641 words
    • Article
      Lock icon Asian credit seen to be rewarding
      280 10  -  Oh Boon Ping huwenbin@sph.com.sg By Singapore INVESTMENT grade Asian credit may be the next big thing, as returns on equities continue to slide. At a finance forum on Thursday, DBS Asset Management chief Deborah Ho said that returns on credit risks are now looking
      280 words
    • Article
      Lock icon SIA Cargo flies to Latin America
      252 10 SINGAPORE Airlines Cargo has started commercial flights to Sao Paulo in Brazil, Quito in Ecuador and Bogota in Colombia. It has been operating the services since Feb 7 under special approval from the aviation authorities in the three Latin American countries. The services are
      252 words
    • Article, Illustration
      Lock icon STI manages to stay above 1,500 – for now
      623 11  - STI manages to stay above 1,500 for now R Sivanithy STOCKS Neither foreign nor domestic news inspires market optimism sivan@sph.com.sg Senior correspondent ON the external front, the main features of yet another poor week for stocks were the continued collapse in Citigroup's shares to below US$l, the doubts cast over
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    • Article
      Lock icon TOP 20 ACTIVES
      107 11 :hina Honi <ins 71,005 9 -1.5 -14.: 44,535 17.5 -1.0 -5/ 28,246 186 -3.0 -1 5n( ;Tel 26,059 254 0.0 23,740 52 -6.5 -11.1 Golden 23,104 28 -0.5 -1 ;emsTO 21,910 1.5 0.0 01 ;cendasreit 13,408 110 -7.0 -6. FlesEdu 13,371 40.5 -3.0 -6. Joble Gri 13,326
      107 words
    • Article
      Lock icon STI STOCKS
      112 11 tod name lose lam litaLand 1.860 -0.030 litaMall 1.080 +0.010 :ityDev 4.260 -0.010 :osco Corp 0.715 -0.010 IBS Gn 6.900 -0.140 :&N 1.950 -0.060 lent Intl 0.425 +0.005 iolden Agri 0.280 -0.005 IK Land 2.030 +0.190 IMH 16.700 -0.100 ISH 8.900 lardine C&C 9.000 +0.230 lei Con 4.160
      112 words
    • Article
      Lock icon TOP GAINERS
      58 11 CLOSE UP IBXTS&P Short 10US$ 9613 542.8 3.! ;ld ious: 9265 465.4 3.. IK Land 203 29.4 io.: iTXPO 100 785 28.0 3/ lardine C&C 900 23.0 iTI 1850 DBePW*****1 70.5 17.5 33.i JOB DB ePW*****0 63 17.0 37.i )aii 440 13.9 2.1 )CBC Bk 5.1%NCPS 100 9180
      58 words
    • Article
      Lock icon TOP LOSERS
      53 11 CLOSEDOWN JOB5.05%NCPS 100 9100 -50.0 -0.! CBCCai >.1%NCPS1OO 8860 -30.0 -o.: JOB 882 -27.0 -3.1 JOB.ES.0903 OOO -ZD.U -2." )CBC Bk 4.5%NCPS 100 8100 -20.0 -o.: IMH 1670 -15.5 -O.i IBS Gri 690 -14.0 -2.1 China H 10US$ 884 -13.9 -1.1 ;iA Enj 158 -12.0 -7.1 'enture Con
      53 words
    • Article, Illustration
      Lock icon 8-10 firms still eyeing key stake in Straits Asia, says CEO
      497 11  -  Chew Xiang By xchew@sph.com.sg Singapore BETWEEN eight and 10 companies are still interested in buying a key stake in Singapore-listed coal miner Straits Asia Resources, chief executive Richard Ong said yesterday. Mr Ong said that discussions are ongoing, primarily
      LIANHE ZAOBAO  -  497 words
    • Article, Illustration
      Lock icon Beauty China's big expansion plans
      660 12  -  Lynette Khoo It plans to open 300 sales outlets, launch new products and bring production in-house By lynkhoo@sph.com.sg Singapore UNFAZED by the closure of some 50 points-of-sale (POS) last year and losses in the fourth quarter, Beauty China is still going big on expansion. It
      660 words
    • Article
      Lock icon Sino-Env appoints financial adviser
      536 12  -  Lynette Khoo By lynkhoo@sph.com.sg Singapore FACED with the threat of a change in shareholder control, Si-no-Environment Technology is seeking the advice of nTan Corporate Advisory Pte Ltd on all implications and the measures needed to keep its business going. The group also requested a trading suspension
      536 words
    • Article, Illustration
      Lock icon 80 units of Simei condo sold
      459 13  -  Uma Shankari UOL upbeat on project's future take-up, given 'terrific' response on Ist day of preview By shankari@sph.com.sg Singapore UOL Group and Kheng Leong yesterday sold more than 80 units of their new Simei condominium Double Bay Residences on the first day of its
      LUSH LIVING  -  459 words
    • Article
      Lock icon 3 Guangzhao directors call it a day
      98 13 THREE independent directors of Guangzhao Industrial Forest Biotechnology Group have resigned with immediate effect. Lew Syn Pau, Yong Wan Hong Jean and Ong Kian Min have also given up their respective appointments as chairman and members of the audit, nominating and remuneration committees.
      98 words
    • Article
      Lock icon Jardine posts 64% profit fall to USs666m
      204 13 Bloomberg Singapore JARDINE Matheson Holdings, which owns real estate, supermarkets and drugstores in Asia and runs hotels worldwide, said 2008 profit fell 64 per cent on a decline in the value of its investment properties. The Hong Kong-based company's net income dropped to
      Bloomberg  -  204 words
    • Article
      Lock icon TTL sues ex-CEO for $423k
      284 13  -  Joyce Hooi By joyceh@sph.com.sg Singapore TTL Holdings is suing its former chief executive officer and director, Ho Kang Peng. The plastics components maker filed a writ of summons with the High Court of Singapore against Mr Ho on Thursday. It is suing him for breaches
      284 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      195 10 A MATS IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PROJECTOR ASIA PTE LTD {IN LIQUIDATION) COMPANY REGISTRATION NO. *****2257M NOTICE IS HEREBY GIVEN that the creditors of the abovenamed company, which is being wound up by an Order of the High Court dated
      195 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Fl hotel-levy period trimmed to 4 nights
      549 14  -  Nisha Ramchandani Rates remain unchanged; 2 added to list of trackside hotels By nishar@sph.com.sg IN a nod to the economic downturn and the drop in tourism, the Ministry of Trade and Industry and the Singapore Tourism Board (STB) have shortened the period when
      FILE PHOTO  -  549 words
    • Article
      Lock icon S'pore to endorse OECD tax-evasion standard
      307 14  -  Lynette Khoo By lynkhoo@sph.com.sg IN a move to tackle cross-border tax evasion, Singapore will endorse the Organisation for Economic Co-operation and Development (OECD) standard for effective exchange of information through Avoidance of Double Taxation Agreements (DTAs). "To implement the standard, we will introduce draft
      307 words
    • Article
      Lock icon Power tariff to fall 22% in April
      263 14  -  Zeinab Yusuf By zeinabs@sph.com.sg SINGAPOREANS can look forward to cheaper electricity when revised tariffs kick in on April 1. Consumers on average will pay 18.03 cents per kilowatt hour (kWh) from April 1 to June 30 a substantial 22 per cent drop from
      263 words
    • Article
      Lock icon S'pore should lead region in emission cuts
      539 15  -  Jamie Lee It has the knowledge, technology, vision to share with neighbours, says European Commission delegation head By leejamie@sph.com.sg SINGAPORE should lead in pushing regional countries to cut their carbon emissions, says a representative of the European Commission (EC). The issue could be
      539 words
    • Article, Illustration
      Lock icon Her World honours 3 women
      640 15  -  Zeinab Yusuf By zeinabs@sph.com.sg GRACEFUL, poised and elegant it would be tough not to notice her. But under the demure exterior is a character full of strength and conviction. Her World's Woman of the Year, Goh Soo Khim, 64, is a world-class dancer who co-founded
      DESMOND LIM/ST  -  640 words
    • Article
      Lock icon No maker yet for best chair design
      247 16 THE results of the Furniture Design Award 2009 was out yesterday and three out of five finalists in the open category already have their designs on the market. However, the winner of the FDA Grand Award, Outofstock, is still trying to get a
      247 words
    • Article
      Lock icon More won't need to file tax returns
      220 16 HALF a million taxpayers will not need to file income tax returns this year. The number is up about 50 per cent from last year's 332,000 taxpayers who did not have to file returns. These people will receive Notices of Assessment from IRAS
      220 words
    • Article, Illustration
      Lock icon Hasbro growth still on course
      525 16  -  Teh Hooi Ling Movie-based toys, new geographical markets and digital games are main drivers hooiling@sph.com.sg THE ratio of bad news to good news these days is said anecdotally to be 70 to four. So here's a rare good news item: Hasbro, the second-largest toy company
      ARTHUR LEE  -  525 words
    • Article
      Lock icon CIMA plans to raise its profile in Asia-Pacific
      202 16  -  Victor Katheyas victorpk@sph.com.sg By THE Chartered Institute of Management Accountants (CIMA) has launched an Asia-Pacific regional board to engage members, students, companies and government agencies. In particular, the board will coordinate and maximise support programmes for members and students and advise on
      202 words
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  • Page 15 Advertisements
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon Building a support network
      742 17  -  Lydia Sin LETTER FROM WASHINGTON DC Writer We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter asph.com.sg along with a photo of yourself, as well as any other relevant images. SOMETIMES
      742 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      117 17 From the spacious exclusivity and refinement of Ascott to the pampering mk touches for the family at Somerset, or the vibrancy of independent city-living ,/JP fcLat Citadines, there is an Ascott International serviced residence designed to I'l/f make you feel at home. Because life is about living. [jl/^** I^t~tl^3L^k For
      117 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      14 17 THE ASCOTT GROUP A Member of CapitaLand Thisseriesisbrought to you by The Ascott Group
      14 words
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  • WORLD
    • Article
      Lock icon Malaysian exports continue slide in Jan
      368 18  -  Pauline Ng By btworld@sph.com.sg Kuala Lumpur MALAYSIA'S export collapse continued to accelerate in January to RM38.3 billion (5515.9 billion), marking a 28 per cent contraction from a year ago as trade with its major trading partners slumped further. The decline, compared to December, was
      368 words
    • Article, Illustration
      Lock icon China says economy on the mend
      431 18 Reuters Substantial fiscal and monetary stimulus have begun to show an impact, officials say Beijing CHINA served glum markets a dose of optimism yesterday, saying that its economy was recovering and promising more swift action to absorb the shock of the global financial crisis
      Reuters; REUTERS  -  431 words
    • Article, Illustration
      Lock icon 'Slumdog' is a millionaire 200 times over
      372 18 AP Los Angeles THE milestones just keep coming for Slumdog Millionaire: After winning eight Academy Awards, including best picture, the feel-good indie has now crossed the US$2OO million mark in worldwide box office. As at Thursday afternoon, Slumdog had grossed nearly US$2l7 million
      AP  -  372 words
    • Article
      Lock icon Beijing readies for crisis-hit social sector
      482 19  -  Saibal Dasgupta It sets out measures to deal with unemployment; increases spending on education, health, social security schemes By Beijing is getting ready for adverse fallout of the crisis on the social sector. Premier Wen Jiabao has promised to generate nine million more jobs
      482 words
    • Article, Illustration
      Lock icon Bank of East Asia to get new CEO
      358 19 Reuters, Bloomberg Hong Kong BANK of East Asia, Hong Kong's fifth-largest lender, confirmed the resignations of chief executive officer Raymond Yu and chief financial officer Daniel Wan, the South China Morning Post reported yesterday. The newspaper cited the bank's chairman David Li
      Reuters, Bloomberg; BLOOMBERG  -  358 words
    • Briefing
      • Article
        Lock icon Satyam wins nod to sell majority stake
        68 19 Bloomberg Mumbai Satyam Computer Services Ltd won approval to sell a majority stake in itself as the software company at the centre of India's biggest corporate fraud inquiry seeks to restore investor confidence and stem client defections. The Securities and Exchange Board of
        . Bloomberg  -  68 words
      • Article
        Lock icon Mallya pays US$2.lm for Gandhi items
        86 19 Bloomberg New York Vijay Mallya, the Indian liquor baron behind Kingfisher Beer, paid US$2.l million yesterday for glasses, sandals and other items belonging to independence leader Mahatma Gandhi, an official at his company said. Tony Bedi, president of the US branch of Bangalore-based United
        Bloomberg  -  86 words
      • Article
        Lock icon Loan growth surprises China central bank
        99 19 AFP Beijing China's central bank governor said yesterday he was surprised by the steep rise in bank loans so far this year, but argued it was helpful in boosting fickle confidence. "Loans in January exceeded our expectations somewhat," ZhouXiaochuan, governor of the People's Bank
        AFP  -  99 words
    • Article
      Lock icon Barbie moves to China
      236 19 Shanghai AS CONSUMER demand slumps in the United States and Europe, Barbie has packed her matching pink luggage and moved to China. Mattel Inc, the world's biggest toymaker, shunned London and Paris for the first dedicated store of its bestselling toy and chose instead a six-storey
      Bloomberg  -  236 words
    • Article
      Lock icon Russia bans state funds from Fannie, Freddie
      478 20 Reuters Moscow says it needs liquid assets to cover its budget deficits Moscow RUSSIA has banned investment of its US$22O billion sovereign wealth funds in bonds of agencies such as Fannie Mae and Freddie Mac saying it needed more liquid assets to meet
      Reuters  -  478 words
    • Article, Illustration
      Lock icon Honda sells F1 team to Ross Brawn
      287 20 AFP Tokyo JAPANESE carmaker Honda has sold its Formula One team to former principal Ross Brawn, rescuing it from collapse and allowing it to compete in the upcoming world championship. Mr Brawn immediately said he would keep experienced drivers Jenson Button and Rubens
      AFP; AP  -  287 words
    • Article, Illustration
      Lock icon Aussie PM wants tough G-20 action on non-viable banks
      381 20 Reuters Canberra BIG banks and financial institutions at risk of failure because of the financial crisis must be shut down or taken over by governments to ease market jitters, Australia's Prime Minister Kevin Rudd said yesterday. Mr Rudd outlined a seven-point
      Reuters; AFP  -  381 words
    • Article
      Lock icon Seoul, US urge Pyongyang to retract threat to civilian aircraft
      374 21 Bloomberg It violates international regulations, and is unhelpful, they say as carriers reroute planes Seoul SOUTH Korea and the United States have told North Korea to withdraw its threat to South Korean commercial airlines flying over the communist state's territory.
      Bloomberg  -  374 words
    • Article, Illustration
      Lock icon Arctic summer ice may vanish by 2013
      460 21 Reuters Ottawa THE Arctic is warming up so quickly that the region's sea ice cover in summer could vanish as early as 2013, decades earlier than some had predicted, a leading polar expert said on Thursday. Warwick Vincent, director of the Centre for
      Reuters; AFP  -  460 words
    • Article
      Lock icon Spitzer, from NY governor to property man
      262 21 Reuters, AP New York ELIOT Spitzer is now turning his hand to real estate with the purchase of a building for US$lBO million in Washington DC, the Wall Street Journal reported, citing the former New York governor who left the post in disgrace
      Reuters, AP  -  262 words
    • Article
      Lock icon Nissan gives staff green light to take on part-time work
      150 21 Bloomberg Tokyo NISSAN Motor is letting full-time factory and office staff in the country take on part-time jobs to supplement wages that are reduced by production cuts. Employees can take part-time jobs only when idle and after output halts set
      Bloomberg  -  150 words
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  • SGX
    • Article
      Lock icon Transaction date: Mar 6
      8616 22 SZ-wks Tel High Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil 9 3 3148 8Telecom 11 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12 5000 ABR Hldgs 18
      8,616 words
    • Article
      Lock icon SGX CATALIST
      1528 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181 s AAGrp !2 13 8538 t APStrategic 0.5 1501 s Advanced System 4 2 3480 t Adventus !9.5 10.5 3518 s Afor 9 2 1524 s Alantac >.O 3.5 7814 s Albedo
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      46 25 Up Down Unch 2 4 9 Up Down Unch OOP Up Down Unch 2 4 9 lulti Ind lanui FactuTTFTi .ommerce -inance .onst ;rud ;ion jerties Totel Sts" >ervices >as/ ler ;ure larr Active counters with no volume for todai are not included
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      177 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      823 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 2 Trans Date Shareholder/ Director Sell Conv Shares '000 Per Shr$ Before ('000) After ('000) Stock Jnited Fiber Sys 5-Mar-09 ft/BL Corp Ltd 5-Mar-09 iTelecom Intl Hldgs 5-Mar-09 Hartawan Hldgs Ltd 5-Mar-09 Hartawan Hldgs Ltd 5-Mar-09 [DMI Ltd 4-Mar-09
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 26 YTD change:-14.10% 52-week high: 3,269.88 on May 5,2008 52-week low: 1,473.77 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 26 Source: YTD change:-17.14% 52-week high: 26,387.30 on May 5,2008 52-week low: 10,676.20 on Oct 27,2008 Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 26 Source: YTD change:-24.86% 52-week high: 13,136.60 on May 19,2008 52-week low: 6,544.10 on March 6,2009 (Chart shows Thursday's index closing) Bloomberg
        Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        367 26 In local curr In S$ In US? dy yr dy yr dy yr Index Change Change Change Change Change Change Mars World Index Preliminai 537.7 -2.7 -20.7 -2.3 -17.6 -2.6 -23.5 EAFE Preliminai 529.4 -2.1 -18.4 -1.6 -18.6 -1.8 -24.4 Euroi Preliminai 721.8 -3.7 -20.8
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        145 26 Mar 6| :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 0.9949 Offer 0.9968 Bid 0.6434 Offer 0.6438 :anadian dollar 1.2067 1.2085 0.7804 0.7805 iuro 1.9619 1.9649 1.2688 1.2691 IZ dollar 0.7786 0.7800 0.5035 0.5038 jterlini 2.2063 2.2094 1.4268 1.4270 IS dollar 1.5463 1.5483 >$/US$
        145 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 26 Source: YTD change:-20.44% 52-week high: 4,427.50 on March 6,2008 52-week low: 1,664.92 on Oct 28,2008 Bloomberg
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      • Article, Illustration
        Lock icon Nikkei 225
        18 26 Source: YTD change:-19.04% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Bloomberg
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      • Article
        Lock icon LIFFE
        66 26 Mars\ 1 (£/tonne; Close I Prev Hii now 1823 1846 1845/1821 >teyO9 1756 1797 1801/1752 lul 09 1706 1749 1745/1704 5epO9 1680 1724 1713/1679 :OFFEE (US$/tonne) Close Pev High/Low 1arO9 1516 1524 1518/1511 lay 09 1511 1528 1530/1503 UGAR (US tonne) /hite Close Prev High/Low lay 09 381.5 390.7
        66 words
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        Lock icon CHICAGO BOT
        99 26 Mar s|| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Mar 09 862.50 875.50 876.50 853.00 May 09 852.00 868.50 876.00 843.00 JulO9 851.25 867.75 875.00 844.00 AugO9 837.50 852.00 855.00 836.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Mar 09 30.44 30.74 30.57 30.25 May
        99 words
      • Article
        Lock icon OIL
        74 26 Mar s|| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 44.58 -1.94 43.64 -1.58 43.53 1.35 49.75 0.55 46.35 1.10 PRODUCT USS/barrel (FOB Spore) Close Change lore' Naphtha Jet Kerosene 44.10 49.10 1.55 1.00 USS/barrel Opec Oil Basket
        74 words
      • Article
        Lock icon METALS
        66 26 Mar6\ loz] lar lar -long Kong 906.20 933.30 907.20 934.30 Mar 04 Mar 05 .ondon 912.20 912.55 914.20 913.75 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 20.77 20.52 Source: UOB >LATINUM Lon (US$/oz) Mar 05 Close Previous 'M Fix 1056.*****9.00 M Fix 1050.*****5.00 Source: Thomson Reuters M.ATINUM
        66 words
      • Article
        Lock icon PALM OIL
        60 26 Mar6| CLCE PALM FUTURES delivery Opening 4onth Range [RM/MT) Sett Av Price Price Low Vol Done Open Position Hi) i/larO9 \prO9 i/layO9 lun 09 2000 2070 2070 2000 1944 1995 1998 1940 1902 1940 1955 1895 1865 1916 1920 1864 Tots] o/p: ***** contracts Turnover: ***** lots Market
        60 words
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        Lock icon LONDON METALS
        69 26 Marsj tluminium, mrity (US$/1 yy./7 "onne* Close Previous :ash months 1287.00 1321.00 1324.25 1360.00 lopper, Grade A ;us$/tonne) lash J months ■ead (US$; 3662.75 3685.00 3725.00 3745.00 "onne* :ash 1 months 1176.50 1184.00 1173.75 1180.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; 9752.00 9825.00 9954.01 *****.01 :ash
        69 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon A farewell to jobs
      1080 27  -  Jill Andresky Fraser Why are 32 per cent of Americans confident that they are secure in their jobs when mass firings are the order of the day? By ACCORDING to a recently released poll, 32 per cent of Americans are crazy. At least, that's how I
      REUTERS  -  1,080 words
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      Lock icon Obama must stop dithering and face the facts
      878 27  -  Paul Krugman Paul Krugman NYT FINANCIAL SYSTEM RESCUE By Princeton professor IN HIS big speech to Congress last month, President Barack Obama argued for bold steps to fix America's dysfunctional banks. "While the cost of action will be great," he declared, "I
      NYT  -  878 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Keep faith in equities
        1263 28  -  Genevieve Cua Study says investors can continue to expect a long-run equity risk premium but should not expect a quick reward By gen@sph.com.sg AT THIS time of extreme market uncertainty, analysts and strategists look to the past in an attempt to parse the future. The latest
        Credit Suisse Global Investment Returns Yearbook 2009; AFP  -  1,263 words
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        Lock icon BROKERS' TAKE
        773 28 Hold Hotel sector Hold Kim Eng Research Team March 6 SINGAPORE posted a 4.8 per cent year on year increase in tourism receipts to $14.8 billion in 2008 a new record. Total visitors reached 10.1 million, a 1.6 per cent y-o-y decline, but visitor days were estimated to
        773 words
      • Article, Illustration
        Lock icon Make good use of the bad times
        1108 29  -  Lim Meng Tat WEALTH INSIGHTS Amid uncertainty and volatility arises opportunity for investors Director Russel Investments THE questions I am most frequently asked at the moment are the following: "Why do I need to invest in stocks?", "Is this bear market different to
        AP  -  1,108 words
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        Lock icon It is time to pay for good information
        1123 30  -  Teh Hooi Ling CFA charterholder SHOW ME THE MONEY Turning newspapers into endowed institutions will enhance their autonomy, shield them from economic forces hooiling@sph.com.sg Senior correspondent THE blame game has been ongoing for several months now, and has increased in intensity as
        CFA charterholder; STOCK.XCHNG  -  1,123 words
      • Article, Illustration
        Lock icon Gold standard no panacea
        940 31  -  Michael R Sesit The inflexibility of the gold standard makes it difficult for governments to adopt policies best suited to their domestic economic needs By OLD can be worn as jewellery, used as an investment and deployed as a H hedge against economic and political risk.
        AFP  -  940 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Dramatic changes
        206 33 Home price movements YOY RANK, 1 COUNTRY CHANGE) Q4'08 Q4'07 Dubai 59.0 n/a n/a Russia 19.7 1 3 Czech Republic 19.6 2 5 Bulgaria 12.5 3 1 Slovakia 10.9 4 2 Israel 10.5 5 32 Jersey 10.4 6 7 Colombia 7.1 7 13 Indonesia 5.2 8 28 Hungary
        206 words
      • Article, Illustration
        Lock icon S'pore tumbles 30 places on global home price index
        582 33  -  Arthur Sim Knight Frank says it is impossible to predict how much further markets will fall during 2009 By simska@sph.com.sg OME prices in Singapore have been among the hard-est-hit worldwide, with the city state ranking 34th out of 42 countries in
        FILE PHOTO  -  582 words
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  • Page 32 Advertisements
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      826 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 2 Villa Marina Apt 12/02/2009 99 1281 750 58~ non-landed District 16 Icon Apt 16/02/2009 99 581 766 1318 NON-LANDED Icon Apt 18/02/2009
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  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon SWEET SCENT OF SUCCESS
        1033 35  -  Melissa Lwee The niche perfume business, though a small one, is growing, boosted by well-travelled Singaporeans seeking unusual scents. WHEN beauty giant Luxasia first decided to open the niche perfumery Escentials in 2001, it was nothing short of a labour of love. "At that time, the
        1,033 words
      • Article, Illustration
        Lock icon Scent-sational
        597 35  -  Amanda de Guzman Jo Malone offers a systematic layering of fragrances and personalised services that make it stand out from its competitors. By them ideal to layer: Chandler Burr, the perfume critic of the New York Times, christened Malone with the title, "Queen of Light." "I think the services
        597 words
      • Article, Illustration
        Lock icon CUTTING HEDGE
        1057 36 HE temperature has been hovering around 10 degrees Celsius in Milan, which is usual for the Febru-ary-March period when the city annually hosts its Fashion Week, showcasing Italian designers' upcoming Autumn/Winter collections. The weather might have remained constant between last year and this year, but the economy has
        1,057 words
      • Article
        Lock icon Armani delivers the goods
        654 36 THE challenging economy could be a good time for strong brands like the Armani group to further establish itself, and capture a bigger share of the fashion market even if the overall pie is shrinking. Thus, the group is going ahead with its plans to open
        654 words
    • DINING
      • Article, Illustration
        Lock icon Best in dough
        1832 37  -  Audrey Phoon Audrey Phoon Audrey Phoon 'Customers don't always smile, though. One Japanese customer almost cried the other day when she tried our strawberry shortcake. She said it was the best.' Tan Kay Boon, co-owner of Patisserie Glace By Long queues, rave reviews and creations that sell
        JOHN HENG  -  1,832 words
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        Lock icon French crunch
        628 38  -  Jaime Ee Le Grenier a Pain #01 -01 Sembawang Shopping Centre #01-01 Sembawang Shopping Centre S 6752-7627 IT'S a common sight in Paris from chi-chi fashionista to unwashed leather clad biker, clutching a long paper bag with the end of a French baguette peeking out from the top.
        PHOTOS BY ARTHUR LEE  -  628 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon A curry with no curry powder
        1038 39  -  Audrey Phoon guest chef Quentin Pereira shares the secret to perfecting Eurasian recipes. By QUENTIN Pereira is a chef, not a mathematician, but if there is one equation he is constantly seeking to disprove, it's that Eurasian cuisine devil's curry. "It happens quite often
        PHOTOS BY ARTHUR LEE  -  1,038 words
    • TRAVEL
      • Article, Illustration
        Lock icon London calling
        1220 40  -  By Geoffrey Eu No matter how many times you've been to London, there'll alwavs be something new to discover in this city where change is a constant F ALL the cities in f the world, nothing m strikes such a strong chord in I the hearts of seaW
        BLOOMBERG  -  1,220 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon A blend of east and west
        1151 41  -  Corinne Kerk personal space A lover of Chinese antiques manages to showcase them in a home that is furnished in a contemporary yet warm and cosy style. By JW" ANY like collecting Chinese antiques, but not all are adept at displaying them. 1 T
        ARTHUR LEE  -  1,151 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon League of superheroes
        721 42 Raymond Francis is happy to be labelled a comic book nerd. What he's less happy about are some big-screen interpretations of his favourite heroes. By Amanda de Guzman WEEKEND I WITH RAYMOND FRANCIS PR EXECUTIVE BOEING CORP THESE days, it's good to be a geek. With big-screen
        PHOTOS BY ARTHUR LEE  -  721 words
    • HEALTH
      • Article, Illustration
        Lock icon Still not too late to start
        367 43 Reuters Those who put off regular exercise till after 50 can still benefit from physical activity, but it could take 10 years for effects to kick in. London PEOPLE who put off regular exercise until they hit the age of 50 can still benefit
        Reuters; REUTERS  -  367 words
      • Article
        Lock icon Study gives pessimists more to grumble about
        362 43 Reuters Chicago OPTIMISTS live longer, healthier lives than pessimists, US researchers said on Thursday in a study that may give pessimists one more reason to grumble. Researchers at University of Pittsburgh looked at rates of death and chronic health conditions among participants of
        Reuters  -  362 words
    • SPORT
      • Article, Illustration
        Lock icon On yer bike, life is waiting
        739 44  -  chenk@sph.com.sg Account Manager no holds barred Chen Ka-thie "LIFE is like riding a bicycle. To keep your balance, you must keep moving." In an economy that is being bludgeoned by the bear and in the wake of Singapore Prime Minister Lee Hsien Loong's recent
        JOHN HENG FOR SINGAPORE SPORTS COUNCIL  -  739 words
    • GOLF
      • Article, Illustration
        Lock icon England's queen of the greens
        1121 45  -  Justine Moss Laura Davies made her mark on the golfing world from the very start of her career by winning Rookie of the Year in 1985. Today, 72 professional wins later, she's hungrier than ever for titles. By A LENGTHY off-season rest has been good
        GETTY IMAGES  -  1,121 words
    • MOTORING
      • Article, Illustration
        Lock icon Powertrain perfection
        626 46  -  Samuel Ee SPECS Volvo V50 2.0 Engine 1,999cc inline-4 Transmission 6-speed Powershift twin clutch transmission Max power 145 hp 6,000 rpm Max torque 185 Nm 4,500 rpm 0-100 kmh 9.9 sees Top speed 205 kmh Price $104,500 (with COE) Distributor SM Motors Sf 6473-1488 Volvo's C3O and V5O
        626 words
      • Article, Illustration
        Lock icon Going the diesel way
        640 47  -  Samuel Ee Both diesel Chevys are said to emit significantly less emissions than their petrol versions while producing the same energy output. By IF Rudolf Diesel had remained a refrigeration engineer, he might have gone on to create something like a super-powerful ice maker. Instead, he
        640 words
      • Article, Illustration
        Lock icon MAGIC CARPET SALOON
        578 48  -  Samuel Ee What the Citroen C5 lacks in outright power, it makes up for in design, comfort and refinement. By MENTION Citroen and most people immediately think of quirky hatchback styling with the famed ride comfort. With the new C5, though, only the latter description is applicable.
        578 words
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  • Page 40 Advertisements
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      Lock icon Page 40 Advertisements Column 1
      41 40 This series is brought to you by Emirates 400 International awards and over 100 destinations worldwide. For more details contact Emirates on 6735 3535 or visit 600 North Bridge Road, Parkview Square #11-01, Singapore *****8. Discover frequent flyer benefits at skywards.com
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  • Page 44 Advertisements
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      Lock icon Page 44 Advertisements Column 1
      735 44 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant and Le Jardin des Sens in Montpellier, this Marina Mandarin Singapore Global Kitchen (Level 3) Level 35, Orchard Wing former right-hand man to the Michelin star 6 Raffles Boulevard, Marina Square Lovers of the great Australian outback and Meritus Mandarin Singapore twin
      735 words
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