The Business Times, 11 March 2009

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Microfilm: NL29969
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, March 11,2009
    23 words
  • Article, Illustration
    Lock icon Las Vegas Sands' president loses dogfight, quits
    590 1 He cites differences with boss Adelson who 'wanted more day-to-day control' By ARTHUR SIM [SINGAPORE] LAS Vegas Sands (LVS) hot-shot William Weidner has left the company developing the Marina Bay Sands integrated resort under an apparent cloud. According to a filing with the
    REUTERS  -  590 words
  • Article, Illustration
    Lock icon RM60b package to put M'sia on road to recovery
    766 1  -  PAULINE NG Economy could shrink despite XL's largest-ever effort to ward off recession By in Kuala Lumpur MALAYSIAN Finance Minister Najib Razak has unveiled a stimulus package of RM6O billion (Ss2s billion) the country's largest ever, amounting to nearly 9 per
    Compiled by BT; BLOOMBERG  -  766 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.203 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      48 1 uesi lay lange 1 COMP 855.25 -2.97 IIKKEI 225 7,054.98 -31.05 IANG SENG 11,694.05 +349.47 ;et index 289.65 +5.40 JAKARTA COMP 1,300.21 +13.52 1ANILA COMP 1,873.22 -17.40 ;eoulcomp 1,092.2 +20.47 iHENZHEN B 317.76 +3.80 IUMBAI IND Closed Closed 12 noonEST Change )OW 6,857.36 +310.31 IASDAQ 1,340.95 +72.31
      48 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.539 (USS/SS per 1.384 2.131 :URO (US$/S$/E) 1.273 1.959 Foreign currency per US$ S$ 'EN 98.60 64.10 3.693 2.399 IK$ 7.756 5.039 !AHT 36.05 23.42 lUPIAH 11,985 7,786 lENMINBI 6.840 4.444 INDIAN RUPEE 51.61 33.53 1.560 1.014 IZ$ 2.002 1.300
      45 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      47 1 fjk^k CITIGROUP CFO TRANSPORT HUB BT-NBS ROUNDTABLE F Strong start to 2009 CONVERSATIONS Asia's first tyre retail £s|^^ Effective marketing j x for Citi: Pandit What keeps CFOs awake portal launched ■WPJj^^^j in a recession H^Bpt^ PAGE 2 at night PAGE 32 PAGE 20 J**^"*^ PAGE 6
      47 words
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  • TOP STORIES
    • Article
      Lock icon Chartered should just go private
      708 2  -  SIVANITHY SO another listed Temaseklinked company has turned to shareholders for a cash infusion. Chartered Semiconductor is taking the same path that DBS Group and Capita Land took last month. The difference, however, is that although DBS's and Capita Land's rights issues were not well
      708 words
    • Article, Illustration
      Lock icon Pandit shares good news: Citi is in the black
      563 2 -Reuters, Bloomberg News drive up bank's shares in European trading [LONDON] Citigroup Inc was profitable in the first two months of this year and is confident about its capital strength after tough internal stress tests, chief executive Vikram Pandit told staff
      -Reuters, Bloomberg; AP  -  563 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon RM60b package to put M'sia on road to recovery
        86 2 MALAYSIAN Finance Minister Najib Razak has unveiled a stimulus package of RM6O billion (Ss2s billion) the country's largest ever, amounting to nearly 9 per cent of GDP over 2009 and 2010 to avert "the prospects of a deep recession". Some RMIS
        86 words
      • Article
        Lock icon Las Vegas Sands' president loses dogfight, quits
        55 2 LAS Vegas Sands hot-shot William Weidner has left the company developing the Marina Bay Sands integrated resort under an apparent cloud. Mr Weidner resigned on March 8, citing outstanding differences with billionaire Sheldon Adelson, the chairman and chief executive officer, about the management
        55 words
      • Article
        Lock icon Pandit shares good news: Citi is in the black
        60 2 CITIGROUP Inc was profitable in the first two months of this year and is confident about its capital strength after tough internal stress tests, chief executive Vikram Pandit told staff in an open letter. The news sparked a sharp rise in
        60 words
      • Article
        Lock icon Little to cheer depositors as rates stay in doldrums
        88 2 ALL cashed-up with nowhere to invest, as stocks and property markets shrink? If savings or fixed deposits are the only places left to park money, the least an investor can do is go for higher-yielding products from the likes of Maybank
        88 words
      • Article
        Lock icon Chartered shares suffer steepest fall in a decade
        54 2 SHARES of Chartered Semiconductor Manufacturing went into freefall yesterday as selling pressure gripped the market following the chipmaker's US$3OO million cash call. The company's share price plunged 39 per cent to close at 12.5 cents its steepest fall in the last decade.
        54 words
      • Article
        Lock icon NOL sinks below $1 on talk of rights issue
        88 2 NEPTUNE Orient Lines shares fell prey yesterday to market talk of a potential rights issue by the Singapore national shipping line to raise more than US$25O miUion. The stock sank below $1, falling as much as 12.7 per cent to 89
        88 words
      • Article
        Lock icon Enforcement cuts Sino-Env chiefs stake
        85 2 SINO-ENVIRONMENT Technology Group's chairman and chief executive Sun Jiangrong had his stake in the group reduced to 51.23 per cent from 56.29 per cent yesterday after part of the shares that he pledged for a personal loan were transferred out of his account. The company
        85 words
      • Article
        Lock icon New rules coming to raise quality of private education
        70 2 PRIVATE education institutions will soon have to get permission from the authorities before they can offer any course to the public. Each of them will also need to set up two separate, independent boards to oversee academic standards and examination policies
        70 words
    • Article
      Lock icon Strong yen makes Tokyo, Osaka world's most expensive cities
      544 2 .-AFP Sept's heavyweights Oslo, Paris tumble in ElU's Feb survey [SINGAPORE] The strong yen has made Tokyo and Osaka the world's most expensive cities for expatriates while sharp currency declines lowered living costs in Australia and New Zealand, a survey has
      .-AFP  -  544 words
    • Article
      Lock icon Little to cheer about for depositors
      911 4  -  EMILYN YAP JOYCE HOOI Savings interest rates unlikely to rise soon as banks cut costs to stay lean By and [SINGAPORE] AU cashedup with nowhere to invest, as stocks and property markets shrink? If savings or fixed deposits are the only places left to
      911 words
    • Article
      Lock icon MM Lee clarifies remarks on Temasek
      335 4  -  SIOW LI SEN By [SINGAPORE] Minister Mentor Lee Kuan Yew has amended his earlier assertion that Temasek Holdings did not have anyone from within to fill the chief executive's job. Last week, MM Lee, at a Thomson Reuters event, commenting on Temasek's appointment of
      335 words
    • Article
      Lock icon 283 US companies at risk of debt default: Moody's
      245 4 AFP [NEW YORK] A total of 283 publicly traded US companies including many high-profile firms are at high risk of defaulting on their debt payments, Moody's Investor Service said yesterday. Its newly-created "Bottom Rung" includes companies known to be in distress
      AFP  -  245 words
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      Lock icon Page 2 Advertisements Column 1
      385 2 Corporate Income Tax Goods and Services Tax (GST) Seminar Date Keep abreast of the recent developments in Corporate Income Tax and Monday, 6 April 2009 GST, and learn about the latest planning opportunities. This seminar will focus on the following areas: Time 2.00pm to 5.30pm Corporate Income Tax Proposed tax
      385 words
  • Page 2 Miscellaneous
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      154 3 Ik&n i i L m '> m j!»v I *v C^^*"^ 'Ml I H A 4C£3rfll I utf ailaß^^^A-11"'""" 'I --r T VV ;I*\- H^h HJ" —"^H IHiH Hfl Turn heads and set minds spinning with NEC Digital Signage Solutions. With NEC's digital signage solutions, you can hold a crowd's
      154 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      129 4 Vorsprung durch Technik www.audi.com.sg W% m Audi I f Prestige now comes with I 365 days of privileges. mtk Hl^^ Audi A 6 Saloon Bl^^i^^ 2.otfsi®engine Class-leading Efficiency Multi Media Interface (MMI) •> Advanced Technology LED daytime running Lights «> Innovative Design The sportiest and most successful business sedan in
      129 words
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  • Page 5 Advertisements
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      870 5 v/3p/131V131l /~3jjfi' JffL i fe":WIl (Constituted in the Republic of Singapore pursuant to a 'V^ i^^S! Eswfi'i •TVW'K'1' trust deed dated 29 October 2001 (as amended)) .^im J^st r °\i 4—^—A k_ Capita Mall Trust Management Limited, as manager of ,^^^J Capita Mall Trust ("CMT"), is undertaking a fully underwritten^^^
      870 words
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  • BT-NBS ROUNDTABLE
    • Article, Illustration
      Lock icon Effective marketing in a recession
      2898 6 OVERVIEW WITH the global recession deepening with each passing week, marketing their goods and services has become a huge challenge for businesses in view of declining demand. Singapore appears to be heading for its worst recession and the economy may shrink by as much as
      2,898 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Chartered shares suffer steepest fall in a decade
      368 7  -  WINSTON CHAI RIGHTS JITTERS Investors bailing out on news of USs3oom rights issue, and poor industry outlook By SHARES of Chartered Semiconductor Manufacturing went into freefall yesterday as selling pressure gripped the market following the chipmaker's US$3OO million cash call. The company's
      Bloomberg  -  368 words
    • Article, Illustration
      Lock icon NOL sinks below $1 on talk of rights issue
      493 7  -  VINCENT WEE By NEPTUNE Orient Lines (NOL) shares fell prey yesterday to market talk of a potential rights issue by the Singapore national shipping line to raise more than US$25O million. On a day when Chartered Semiconductor Manufacturing shares plummeted following
      FILE PHOTO; Bloomberg  -  493 words
    • Article
      Lock icon Enforcement cuts Sino-Env chief's stake
      386 9  -  LYNETTE KHOO Holding falls to 51.23% after part of pledged shares was transferred By SINO-Environment Technology Group's chairman and chief executive Sun Jiangrong had his stake in the group reduced to 51.23 per cent from 56.29 per cent yesterday after part of the shares that
      386 words
    • Article, Illustration
      Lock icon SATS bags Tiger ground-handling deal
      340 9  -  YEN SREENIVASAN By SINGAPORE Airport Terminal Services' plan to grab a substantial slice of the low-cost airline ground-handling business seems to be falling into place. It has clinched the ground-handling deal for Tiger Airways, adding to existing clients Cebu Pacific and Jetstar Asia. The latest
      FILE PHOTO  -  340 words
    • Article
      Lock icon German firm wins data hub contract
      394 9  -  LYNETTE KHOO M+W Zander will build the facility for Japan Land unit here By GERMAN engineering group M+W Zander said yesterday that it has secured a contract worth more than 100 million euros (Ssl96 million) to design and build a data centre in Singapore
      394 words
    • Article
      Lock icon SGX tweaking CDP settlement to cut non-delivery of shares
      315 9  -  CHEW XIANG By THE Singapore Exchange wants to tweak Central Depository settlement processes to reduce failure to deliver shares. It has issued a call for public consultation on the proposed changes. The main proposal is that SGX start buy-ing-in undelivered shares
      315 words
    • Article
      Lock icon Bank stocks look cheap but have yet to hit bottom
      453 10  -  TEH SHI NING By Analysts warn of rises in provisions, non-performing loan ratios of local banks LOCAL banking stocks may look cheap at the moment, but most banking analysts remain neutral on the sector, as the price falls are not
      453 words
    • Article
      Lock icon Bank, Reit dividend yields may fall most
      463 10  -  JAMIE LEE By, FINANCIAL stocks and real estate investment trusts (Reits) could post the sharpest falls in dividend yields this year, DMG Partners Securities says in a report. On average, the banks could post a 2.9 percentage-point drop in yields, while Reit yields
      463 words
    • Article, Illustration
      Lock icon OCBC Islamic unit offers 3 Shariah-compliant unit trusts
      291 10  -  JESSICA YEO By OCBC Bank's Islamic banking subsidiary in Malaysia has begun offering Shari-ah-compliant unit trust products. The subsidiary, OCBC Al-Amin Bank Bhd, yesterday introduced three unit trust products, PRUdana al-islah, PRUdana Dinamik and HLG Islamic Income Management Fund, all based on
      FILE PHOTO  -  291 words
    • Article
      Lock icon Market-making disruption
      61 10 ISSUER and designated market-maker ÜBS AG, acting through its London branch, has announced a disruption of market making. It said yesterday that, due to technical issues, it will be unable to make a market in all warrants issued from 9am today. It said it will release an announcement
      61 words
    • Article
      Lock icon Azeus issues profit warning
      128 10 AZEUS Systems Holdings, a provider of IT consultancy services headquartered in Hong Kong, has issued a profit guidance for the group's results for the financial year ending March 31, 2009 (FY2009). "The directors expect the group to report substantially lower results for FY2009 as compared to
      128 words
    • COMPANY BRIEFS
      • Article
        Lock icon Oei Hong Leong raises stake in IPC Corp
        54 10 IPC Corporation Limited said yesterday major shareholder Oei Hong Leong Foundation Pte Ltd has raised its stake in the company to 14.76 per cent from 12.03 per cent. The increase was a result of open-market purchases. Yesterday, IPC shares closed at 11
        54 words
      • Article
        Lock icon Workers strike as units of Goldtron stop work
        133 10 GOLDTRON Ltd said yesterday that its subsidiary, Premech Holdings Ltd, has temporary stopped work at its two factories in Wuxi in China but this has resulted in a strike by the workers. If the strike action continues, it may have a material
        133 words
      • Article
        Lock icon Equation's rights issue to raise $10.3m
        109 10 EQUATION Corp, formerly Heshe Holdings Limited, yesterday detailed plans to raise up to $10.3 million in net proceeds from an issue of up to 529.84 miUion rights shares. The issue will be on the basis of two rights for every five shares held at
        109 words
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      207 7 B PHOENIX H^^^^l^^^B i T*ll tT^n IDD Make an affordable call r^/^yj N^ Australia V^Tft \>^ Germany I 11 Hong Kong g I IX^LV 1 \S~^ Malaysia V^V. New Zealand VftJT^rC^ I South Korea X. I I ll^^'^r'--^ Taiwan I 1 UK I \f u*SS£j2& )n i\ Call 6838 1516
      207 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon More downside looms for yen and sterling
      715 8  -  LARRY WEE CURRENCIES But most Asian units outperform for a second consecutive week THE sterling pound joined the Japanese yen as a second whipping boy for currency traders over the past week but, for a second week running, Asian currencies ex-Japan continued to
      715 words
    • Article
      Lock icon Financial market recap
      227 8 me weeks changes YEAR TO DATE MARCH 10'09 HIGH LOW CLOSE CHNG US$ VS CURRENCY JPY 98.46 0.76 112.05 87.11 SGD 1.5396 -0.48 1.5579 1.3457 IDR ***** -0.13 ***** 9035 THB 36.05 -0.19 36.28 31.00 CNY 6.8405 -0.01 7.2085 6.8099 MYR 3.6925 -0.41 3.7330** 3.1310 CURRENCY vsUSS
      227 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      101 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 8 2 0 0 0 5 8 2 lanufacturing 31 49 64 10 36 53 74 Commerce 14 21 12 17 24 15 'pt/Stor/Comms 10 16 11 11 16 11 ■inance 14 17 14 17
      101 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      107 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 15,474 15,474 35,341 35,341 lanufacturing 324,664 5,431 330,095 95,912 194 96,106 Commerce 48,068 5,442 53,510 38,450 561 39,011 ■pt/Stor/Comms 88,325 215 88,540 125,387 125,396 :inance 48,783 48,783 262,148 262,148 Construction 10,155 40 10,195 641 642 ■roperties 55,085 55,085 79,214
      107 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      35 8 la pita Land 1.870 +0.080 .apr lev .osco .orp mp ien' Ia~ri line Fppei .orp )p~el .am Noble Grp 1.030 +0.010 lgg :ngg >eml .orp >eml >ing I mar 'anl Tori
      35 words
    • Article
      Lock icon CURRENCIES
      83 8 iere« S$ stands Mar10 %CHNG CLOSE FRMar9 YR 2008/2009 S$ LOW S$ HIGH ISS 1.5396 0.72 1.5579 1.3457 iuro 1.9573 -0.06 2.2064 1.8640 'ounds 2.1316 1.67 2.8431 2.0356 0.9855 0.15 1.3251 0.9068 ren* 1.5637 0.52 1.7278 1.2619 lupiah* 0.***** 0.47 0.***** 0.***** !aht* 4.2707 0.44 4.4299 4.0190 'eso* 3.1849
      83 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Mar10 VALUE CLOSE IT OB/OS -745.00+136. C IT CADI -*****.00 -33. IT 10-day MA -*****.00 -74.0' TSE ST Mid Cap 295.64 -0.1 TSE ST Small Cap 240.76 -0.01 TSE ST All Share 354.44 +5.3 TSE ST China Top 137.39 -2.9! TSE ST China 134.28 -1.9i IOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME China Honqxinq 103,371,000 Chart SemiCond 80,141,000 Golden Agri 61,053,000 RafflesEdu 37,603,000 NOL 25,954,000 Sing Tel 23,448,000 DBS DB eCW*****8 21,578,000 Capita Land 18,188,000 DBS MBL eCW*****2 18,118,000 Synear 16,482,000 VALUE(S) UOB 91,613,762 DBS Grp 87,288,472 Sing Tel 57,520,686 OCBC Bk 40,412,210 Capita Land 33,397,830 SGX 32,537,850
      60 words
    • Article
      Lock icon RISES
      93 8 CLOSE UP ICBCCai :.93%Pref10 8200 670.0 8.9 China H 10US$ 901 60.0 4. ;txpo ioo 800 35.0 4.' lardine C&C 886 33.0 3. iBS Gr| 675 30.0 4. IGX.ES.0903 422 15.0 3. India Ni 10 786 14.0 1.: ;gx 416 14.0 3. Korea 10US$ 200 13.9 4. At 420
      93 words
    • Article
      Lock icon FALLS
      113 8 CLOSE DOWN LD 10US$ 8980-393.9 -2.8 IOB 5.05%NCPS 100 8880-120.0 -1.3 ICBC Bk5.1%NCPS 100 9000 -60.0 -0.7 IMH 1626 -52.3 -2.0 iBS Bk6% NCPS 10 9680 -30.0 -0.3 ISH 873 -29.2 -2.1 IOLES.0903 93 -28.0 -23.1 ICBC Bk4.5%NCPS 100 8020 -20.0 -0.2 ilA 200 971 -14.0 -1.4 IOB.ES.0903 827
      113 words
    • Article
      Lock icon BROKERS' TAKE
      225 8  -  LYNETTE KHOO Chartered Semiconductor Manufacturing March 10 close: $0,125 DMG PARTNERS SECURITIES, March 10 CHARTERED has been experiencing negative free cash flows for most of the past 11 years FYOB proved to be a anomaly where it recorded positive free cash flows of US$lO.3 million, which was due
      225 words
    • Article, Illustration
      Lock icon Traders bet on Tuesday Wall Street bounce
      591 8  -  R SIVANITHY STOCKS AFTER losing 87 points in the previous three sessions, the Straits Times Index enjoyed a 28.8-point bounce to 1,485.75 yesterday, most probably via short-covering ahead of an expected firming on Wall Street. Providing the leadership for the STI as always
      591 words
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      286 8 Hake the Host of Falling Markets. Trade FX with us, and you could be making gains whatever the markets do. I How? By taking positions on changes in exchange rates, up or down, you can gain (or lose) without the risk of owning the assets. That's all it takes. So
      286 words
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      324 9 I A member of fjbaj psb Acader It's about keeping pace with a tumultuous business world. Equip yourself with mjyjj||J|£^Hm updated knowledge and a prestigious Master of Business Administrat i On MBA to move ahead in your career. (General/Finance) PSB Academy and The University of •Awarded byThe Universit *of Nottingham,
      324 words
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      1851 10 w [SATS s*^>^~ X^i \^y X. X^^^-L<k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF I I IN THE HIGH COURT OF THE I I II II THE COMPANIES ACT, REPUBLIC OF SINGAPORE IN THE MATTER OF THE GILLEnE GROUP (S.E.A) PTE LTD GILLETTE MANAGEMENT (S.E.A) CHAPTER 50
      1,851 words
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      308 10 W^VZ? mats g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KASP PTE LTD (In Voluntary Uquidation) Company Registration No. *****81OSK NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of KASP PTE LTD duly convened and held at 3791 Jalan Bukit
      308 words
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      14 10 Ift^Ofc I Lianhe Zaobaol I Dragon I stocks nSTn I potatoes P ll I
      14 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Citi Singapore expanding despite group woes
      386 11  -  SIOW LI SEN By: CITIBANK continues to grow its business in Singapore at a brisk pace in spite of the downturn and problems at the group level with plans to open its 21st branch next quarter. Citibank Singapore, which was incorporated here in 2005,
      YEN MENG JIIN  -  386 words
    • Article
      New rules on private education on the way
      535 11  -  LEE U-WEN Permission for new course, EduTrust certification among govt proposals By PRIVATE education institutions will soon have to get permission from the authorities before they can offer any course to the public. Each of them will also need to set up
      535 words
    • Article
      New chief for AVA
      212 11 AGRI-FOOD and Veterinary Authority (AVA) chief executive Chua Sin Bin will retire on May 20. He will be succeeded by Tan Poh Hong, who is now the Housing and Development Board's deputy chief executive (estates and corporate). Chew Siang Thai, who is now deputy chief executive
      212 words
    • Article
      Expect more market weakness: GIC official
      219 11 Reuters There's systemic capital inadequacy globally, he says AN official from the Government of Singapore Investment Corp (GIC) said he expects more weakness in financial markets in the next 12-18 months, and recommended investors hold gold and other safe assets such as government bonds.
      Reuters  -  219 words
    • SINGAPORE ROUNDUP
      • Article
        WDA job fair for engineering sector
        50 11 THE Singapore Workforce Development Agency is organising a job fair for the precision engineering and transport engineering sectors today. The fair will be held at the Toa Payoh Central Community Club from 10am to 4pm. WDA says that more than 350 vacancies are available.
        50 words
      • Article
        Diving medicine centre opens at SGH
        43 11 THE Singapore General Hospital yesterday launched a hyperbaric and diving medicine centre, the result of a collaboration with the Republic of Singapore Navy. Decompression sickness and thermal burns are among the conditions that the centre will treat.
        43 words
      • Article
        Objections, claims on voters' register
        67 11 THE Elections Department has received 18 objections to the revised Registers of Electors now opened for public scrutiny. It also got 17 claims from voters who found their names missing in the registers, while 158 non-voters in the previous general election wanted their names to
        67 words
      • Article
        Venture capital body gets new exco
        53 11 A NEW executive committee of the Singapore Venture Capital and Private Equity Association has taken office. Eugene Wong, founder and managing director of Sirius Venture Consulting Pte Ltd, chairs the 2009-2010 committee while Genevieve Heng, managing director of CLSA Capital Partners (Singapore) Pte Ltd,
        53 words
      • Article
        Asia-Pac workshop on dengue opens
        95 11 THE first Asia-Pacific Dengue Workshop opened yesterday and will run until March 19. It was organised by the Ministry of Foreign Affairs, the National Environment Agency and the World Health Organisation. During the eight-day event, NEA will share Singapore's experience in dengue control and understanding
        95 words
      • Article
        JLL makes it to corporate citizen list
        36 11 JONES Lang LaSalle has made it to Corporate Responsibility Officer Magazine's 10th annual 100 best corporate citizens list, which is the only one based on just publicly available information.
        36 words
    • Article
      MAS earmarks $15m to promote fund industry talent
      398 11  -  GENEVIEVE CUA By THE funds management industry must confront three issues to restore confidence and thrive once the financial crisis abates, says Ong Chong Tee, deputy managing director of the Monetary Authority of Singapore. The issues are: the management of fraud risk,
      398 words
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      Page 11 Advertisements Column 1
      113 11 A STAR ALLIANCE MEMBER |PV I Jtflfl I 19 sSi<£ il|fij|jljHß I l^Xlrv' /flj LJ) JO/V/ STOCKHOLM- J Whether on business or pleasure, you can now experience premium in-flight service of THAI Royal Silk Class en route to Europe for much less than usual. With spacious shell seats* that give
      113 words
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  • ECONOMY WATCH
    • Article, Illustration
      Consumers cast off conspicuous consumption
      646 12 ■NYT Even Americans with regular income are reassessing their spending habits [ATLANTA] It is a sign of the times when Sacha Taylor, a fixture on the charity circuit in this gala-happy city, digs out a 10-year-old dress to wear to a recent society party. Or
      ■NYT; FILE PHOTO  -  646 words
    • Article
      Europe rejects US calls for more government spending
      677 12 -Reuters Rift on key issue appears as finance ministers prepare for crucial G-20 summit [BRUSSELS] Europe has dismissed US calls for further government spending to counter recession, exposing a rift on a key issue before a G-20 summit of the world's largest
      -Reuters  -  677 words
    • Article
      IMF sees below-zero world growth this year
      480 12 Reuters [DAR ES SALAAM] The International Monetary Fund (IMF) on Monday warned that the world economy will likely contract this year in a "Great Recession", and African leaders said the financial crisis could undo hardwon socio-economic gains. "The IMF expects global growth to
      – Reuters  -  480 words
    • Article
      Japan vows to shore up economy as stocks slide
      535 12  -  ANTHONY ROWLEY By in Tokyo AS Japan's Nikkei 225 stock average hit another 26-year low yesterday, Finance Minister Kaoru Yosano pledged that the government would do whatever it takes to support Japan's crumbling economy. This could include abandoning fiscal restraints in
      535 words
    • Article
      S Korea dismisses speculation about forex reserves
      322 12 Reuters [SEOUL] South Korea's foreign exchange reserves are invested in highly liquid assets and are therefore usable in their entirety at any time, the country's central bank said yesterday. The Bank of Korea made the comments in a statement issued in reaction to
      ■ Reuters  -  322 words
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      206 12 BvJP^JbB ■■^aJ^m^^^^lH jllll Crafted in France, Eurocave continues to be the world WmKjjr lIm^hUUUUiI III" leader in wine storage solutions. V^rLjo^ Msj^jjj^Q]^j£&]2d i IllS Each Eurocave cabinet carries over 30 years of technological expertise in wine cellaring, from its \mr ,^^UUU^Hy constant temperature, controlled humidity, thermal yr BC-X-IO(?)C iQiGi insulation,
      206 words
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      2 12 PASSENGER SERIES
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Indonesia, Singapore sign maritime border pact
      266 13 -AFP Treaty seen as boost to anti-piracy efforts in Malacca Strait [JAKARTA] Indonesia and Singapore signed a treaty setting out part of their shared maritime boundary yesterday, in a move touted as a boon for anti-piracy efforts in the strategic Malacca Strait. Singapore Foreign
      -AFP; REUTERS  -  266 words
    • Article
      KL revokes Bangladeshis' work visas
      260 13 AFP [KUALA LUMPUR] Malaysia yesterday cancelled work visas issued to 55,000 Bangladeshi workers after demands from unions, as the country faces layoffs and the threat of recession. Home Minister Syed Hamid Albar said that Bangladeshi workers who had visas approved last year, but who had
      AFP  -  260 words
    • Article
      Pertamina to import more petrol in April
      179 13 Reuters [JAKARTA] Indonesia's state oil and gas firm Pertamina plans to import 4.5-5 million barrels of petrol in April, more than usual, to ensure adequate stocks ahead of elections, officials said yesterday. The country heads for parliamentary elections on April 9, followed by
      ■ Reuters  -  179 words
    • Article
      Indonesia local coal quota may be too high
      551 13 Reuters Domestic market may not be able to absorb allocation due to global downturn: official [JAKARTA] Indonesia, the world's top exporter of thermal coal, may have overestimated the amount of coal needed for the domestic market in 2009 due to the global
      Reuters  -  551 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      115 13 SINGAPORE AND KUWAIT SOON CLOSER THAN EVER f 1 IFrom 15 March 2009, Singapore Airlines will fly four times a week to Kuwait. A Experience the Middle East like never before from breathtaking views at the Kuwait Towers, to shopping pleasures at the traditional souks. En route, enjoy KrisWorld, your
      115 words
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  • GREATER CHINA
    • Article
      Record fall in China home prices in Feb
      514 14 Bloomberg 1.2% drop in 70 major cities is sharpest since govt issued data in 2005 [BEIJING] Chinese home prices fell by a record last month, paced by a 15 per cent plunge in the southern export hub of Shenzhen, where factories closed
      ■ Bloomberg  -  514 words
    • Article, Illustration
      Job situation grave, says labour minister
      366 14 Bloomberg Three million jobs were lost in the fourth quarter [BEIJING] China faces a "grave" employment situation as the global recession increases the difficulty of finding jobs for the 24 million people entering the nation's workforce each year, Labour Minister Yin Weimin said. "Economic
      Bloomberg; AP  -  366 words
    • Article, Illustration
      HSBC stock's 24% fall prompts trading probe
      542 14 Bloomberg [HONG KONG] HSBC Holdings pic's 24 per cent plunge in Hong Kong on Monday prompted a government probe and the stock exchange to consider bringing forward changes to end-of-day trading processes. The shares rallied 14 per cent yesterday. The Securities and Futures
      ■ Bloomberg; BLOOMBERG  -  542 words
    • Article
      Taipei to pump NT$30b into new chip company
      298 14 Reuters [TAIPEI] Taiwan will inject up to NT$3O billion (551.33 billion) into Taiwan Memory, the new computer memory chip company it is setting up to bring long-term viability to its struggling memory chip sector. "The less money the government invests, the better,"
      – Reuters  -  298 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      294 14 fDA FORUM towards better Date Thursda* 2April2oo9 A r\2 o o 9 governance and transparency Time 900am-1230pm Venue NTUC Business Centre Auditorium, Level 7 1 Marina Boulevard CPA Forum 2009 is a collaboration Session 1: Governance and Transparency Index Presentation between The Business Times, AssocProf Mak Yuen Teen, Co-Director of
      294 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Deflation is back in China after long break
      717 15 Reuters CPI drops 1.6% in year to February; ministers gloomy about prospects [BEIJING] China fell into deflation at the consumer level last month for the first time in more than six years, as ministers painted a gloomy picture of the economy's near-term
      ■ Reuters; China's National Bureau of Statistic, AP  -  717 words
    • Article
      Beijing reviews Coke's bid for top juice maker
      174 15 Reuters [BEIJING] China is reviewing Coca-Cola Co's US$2.5 billion bid to acquire China Huiyuan Juice Group under the anti-monopoly law, Commerce Minister Chen Deming said yesterday. Coca-Cola said in December that it had filed an application for anti-trust approval of its proposed
      – Reuters  -  174 words
    • Article
      Puffing away
      270 15 ■AFP [MUMBAI] China and India are the world's biggest tobacco users, according to new research which highlights concerns about increasing death rates in developing countries and smoking by women. Statistics compiled by the American Cancer Society and the World Lung Foundation for the third edition of their Tobacco
      ■AFP  -  270 words
    • Article, Illustration
      Stick to existing Doha pledges, China urges US
      376 15 Reuters [BEIJING] China hopes the US will stick to the promises the Bush administration previously made in the Doha round of world trade talks, Beijing's commerce minister said yesterday. President Barack Obama's administration said in a report last week there would be
      – Reuters  -  376 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      43 15 BORNEO MOTORS (SINGAPORE) PTE LTD 33 LENG KEE ROAD SINGAPORE *****2. LEXUS SALES TEL: *****288/*****811/*****822/*****833. OPEN MON-SAT: BAM TO 7.30PM. BorneO MotOrS SUN: 10AM TO 6PM. LEXUS SERVICE CENTRE TEL: *****826/*****827. FAX: *****651. OPEN MON-FRI: BAM TO SPM. SAT: BAM TO 4.30PM. www.lexus.com.sg
      43 words
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  • ASIA-PACIFIC
    • Article
      Censure move may hit support for Thai govt
      605 16 Reuters But opposition's strategy is unlikely to topple prime minister, say analysts [BANGKOK] A move to censure Thai Prime Minister Abhisit Vejjajiva by the opposition, guided by exiled former premier Thaksin Shinawatra, will not topple the government but could eat into its
      – Reuters  -  605 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      214 16 www.meritus-hotels.com THE GREAT OUTBACK FEAST a-^o-u* Seven-course Dinner Menu Discover the culinary riches of Australia's Great Outback at Global Kitchen. From exotic cuts of kangaroo and emu to blue swimmer I (sloB*, through March) crabs and barramundi, all-you-can-eat dinner is available daily through March. Alternatively, opt for a seven-course tasting
      214 words
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  • BOARDROOM WOES
    • Article, Illustration
      The glitz goes out for directors
      793 17 Reuters Life for directors has gone from glitz to grind as angry investors now scrutinise the boardroom closely, reports TON I CLARKE [BOSTON] Once seen as a sinecure, the reward for a lifetime of achievement, the job of a board director has become decidedly
      ■ Reuters; STOCK.XCHNG  -  793 words
    • Article
      Bonuses of US chief executives slipping fast: study
      442 17 Reuters [NEW YORK] Annual bonuses for US chief executives are shrinking, though the declines may be cold comfort for shareholders rocked by big stock market declines. The median total bonus pay for chiefs of 173 large US companies fell 19.1 per cent
      – Reuters  -  442 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      305 17 SINGAPORE BRAND CONFERENCE 2009 PROGRAMME HIGHLIGHTS Session 1 Session 3 i Organisational Change In An Economic Crisis Building Your Brand Online From A Brand Perspective j M r Eddie Chau Mr Teng Theng Dar Chairman (Singapore Enterprise Chapter), CEO, Singapore Business Federation Singapore Information Technology Federation EC 1 S'ana'ging Challenges
      305 words
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  • WORLD
    • Article, Illustration
      Bank on bad asset plan: FDIC
      535 18 Reuters, LAT-WP Cleaning up banks' balance sheet will restore confidence, jump-start economy [WASHINGTON] The US government's plan to strip banks of troubled assets could force some firms to record large losses, but the move would help restore confidence in the banking system, the head
      Reuters, LAT-WP  -  535 words
    • Article, Illustration
      Overseas workers in UK find it tougher to get jobs
      617 18  -  JANE MOIR Policy-makers tighten rules for skilled immigrants By, in London OVERSEAS workers are to face a tough time finding jobs in Britain as poli-cy-makers tighten rules for skilled immigrants. The move has been criticised by some as a kneejerk
      REUTERS  -  617 words
    • Article, Illustration
      Scientists applaud Obama's stem cell reversal
      617 18 -AP [SAN FRANCISCO] Scientists are cheering US President Barack Obama's lifting of federal funding restrictions on embryonic stem cell research, hopeful the move will open the financial floodgates to speed new treatments. "It's wonderful. We are elated," said Jan Nolta, who directs the stem
      -AP; AP ] 1 ■>  -  617 words
    • Article
      Lock icon Financial firms face bind in hiring foreigners
      181 18 -NYT [WASHINGTON] What could be worse than graduating from an American business school this year with an interest in banking? Being such a graduate who is not a US citizen. A provision in the economic stimulus package limits the hiring of foreign workers
      -NYT  -  181 words
    • Article
      Lock icon Citi said to pay US$13m for trips scrapped
      392 18 Bloomberg [NEW YORK] Citigroup, the recipient of US$45 billion in government rescue funds, doled out US$l3 million as compensation to employees whose trips to resorts the company was forced to scrap, two people familiar with the matter said. Citigroup paid 1,900 agents
      Bloomberg  -  392 words
    • Article
      Lock icon Hedge funds may cut 20,000 jobs
      237 18 Bloomberg [NEW YORK] Hedge funds may cut 20,000 workers worldwide this year, a record 14 per cent of the industry's jobs, as investment losses and client withdrawals erode fees. The dismissals will come on top of the 10,000 jobs that disappeared last year at
      Bloomberg  -  237 words
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  • Transport HUB
    • Article, Illustration
      Lock icon Playing musical chairs
      1124 19  -  ROBERT JAQUES Shipping firms that were less prudent during the up-cycle are forced to exit when it turns down Byl HOW recession resistant is shipping? On the face of it, the answer may seem pretty clear. Not at all. The Baltic Dry Index, the benchmark for bulk
      1,124 words
    • Article
      Lock icon All shipping firms will lose money in '09: Maersk CEO
      417 19 Reuters Some could cease business if freight rates do not recover [COPENHAGEN] All container shipping companies are likely to lose money this year and some will go out of business if freight rates do not recover, Maersk Line's chief executive
      – Reuters  -  417 words
    • Article
      Lock icon IMO alliance for a cause
      937 19  -  DAVID HUGHES STRAIT TALK By OVER the years the International Maritime Organisation (IMO) has taken an increasingly active stance on issues affecting world shipping. It is becoming far less simply a body that reacts to issues that come to its attention through its member states.
      937 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Economic slide takes heavy toll on US transport
        864 20 Reuters Industry caught off guard by speed of falloff in freight volumes [CHICAGO] This is ugly. For a picture of how rapid and steep the decline in US manufacturing and retail sales has been in this recession, there are few better sectors
        Reuters; BLOOMBERG  -  864 words
      • Article
        Lock icon Room for another transport operator
        472 20  -  SAMUEL EE There are economies of scale for bus operators: NUS prof By THERE is room for another public transport operator here, a local economist said yesterday. "There are economies of scale as far as bus operations in Singapore are concerned," said Anthony Chin of
        472 words
      • Article, Illustration
        Lock icon Asia's first tyre retail portal launched
        567 20  -  SAMUEL EE By THREE entrepreneurs have teamed up to start Tyrepac Asia's first tyre retail por-tal-with ambitions to revolutionise the region's tyre industry from the portal's Singapore base. Backed by an investment of $2 million, Tyrepac will also rope in Spring Singapore to co-fund
        JOHN HENG  -  567 words
      • Article
        Lock icon Obama task force visits GM, Chrysler plants
        522 20 -NYT [DETROIT] Members of US President Barack Obama's auto task force visited General Motors (GM) and Chrysler on Monday to see first-hand the companies whose fates rest in their hands. Top advisers on the task force, such as Steven Rattner and Ron Bloom,
        -NYT  -  522 words
      • Article
        Lock icon China's February auto sales up, first rise in 4 months
        373 20 Bloomberg [BEIJING] China vehicle sales surged 25 per cent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world's largest auto market this year. Sales
        Bloomberg  -  373 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon UAL wins court ruling barring pilot slowdown
        305 21 Bloomberg [CHICAGO] United Airlines, the third-largest US carrier, won an appeals court ruling that upholds a federal injunction barring its pilots' union from backing a work slowdown that led to the cancellation of hundreds of flights. United, a unit of Chica-go-based UAL Corp,
        Bloomberg  -  305 words
      • Article
        Lock icon UK may adopt licensing scheme to oversee airports
        421 21 -Bloomberg [LONDON] The UK government may shift to a licensing system for regulating airports to improve passenger service and give greater consideration to environmental issues. The Civil Aviation Authority would be given power to set operating standards for UK airports serving more
        -Bloomberg  -  421 words
      • Article, Illustration
        Lock icon EADS beats forecast with sharp rise in operating profit
        685 21 Reuters This is despite fresh charges for its delayed A4OOM military plane [PARIS] European aerospace group EADS reported a sharp rise in 2008 operating profit yesterday, despite fresh charges for its delayed A4OOM military plane, beating expectations as its Airbus unit
        Reuters; AFP  -  685 words
      • Article
        Lock icon China Eastern Airlines seeks more govt aid
        255 21 -AFP [SHANGHAI] The parent of struggling carrier China Eastern Airlines said yesterday it was seeking more government aid in addition to a recent bailout from Beijing of seven billion yuan "We have applied for more funds and are still waiting for approval from
        -AFP  -  255 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2605 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bourag Airlines (BOU), BR:
        2,605 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      359 21 CRYPTIC CROSSWORD ACROSS I Retrograde action you find 1 1 1 1 1 1 1 1 9 Old university needs to adapt, j I i i j ~BJ^^H^^ graduate repeatedly admit- __HH__HH__HB__HH__^B__HB]_PBM__ 10 Army must import one piece BBJ LJ of lifting gear (5) 111 I 1 Area no longer
      359 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A twist of fate for Ozawa?
      491 22 A TWIST of fate, or maybe of human design, has intervened in what appeared to be a certain scenario for a change of government in Japan after 50 years of Liberal Democratic Party (LDP) rule. If political skullduggery is involved, as opposition Democratic Party
      491 words
    • Article, Illustration
      Lock icon When will Obama's political bubble burst?
      1095 22  - When will Obama 's political bubble burst? LEON HADAR New US leader unable to mobilise the Congressional support he needs to bail out Wall St ON the same day that the US government announced the February unemployment rate of 8.1 per cent the highest in more than 25 years President
      AFP  -  1,095 words
    • Article, Illustration
      Lock icon Taiwan only stands to gain from trading with China
      774 22  -  FRANK CHING THE BOTTOM LINE A FEW days ago, Chinese Premier Wen Jiabao offered to hold political and military talks with Taiwan in order to end the state of hostility between the two sides, which has existed for 60 years. Taiwan
      774 words
    • Article, Illustration
      Lock icon Accounting at the crossroads
      1825 23 OVERVIEW THE Singapore Management University (SMU) School of Accountancy hosted a panel discussion on "The Global Financial Crisis: Accounting at the Crossroads" on Feb 21 as part of its Career Choice Seminar. Below are edited excerpts of the panel discussion. Prof Lee: We've witnessed, in this
      1,825 words
    • Article
      Lock icon Reviving the American Dream
      816 23  -  808 HERBERT -NYT By WORKING American families were in deep trouble long before this mega-reces-sion hit. But too many of the public officials who should have been looking out for the middle class and the poor were part of the reckless and shockingly short-sighted alliance of
      -NYT  -  816 words
    • Article
      Lock icon Disclosure rule on pledged shares needed
      144 23  -  Nah Wee Kee LETTER TO THE EDITOR I REFER to the article "Time to disclose pledged shares?" (BT, March 9). Bringing up this issue could not have been more timely. I would like to suggest another two reasons why the implementation of a disclosure
      144 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8549 24 Transaction date: Mar 10 Hi! !-wks Tel Low Code Com| Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E Smil >an] 9 3 3148 8Telecom 11 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 18 6 1938 AEICorp 9.5 1 1100 AEM
      8,549 words
    • Article
      Lock icon SGX CATALIST
      1806 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 offer
      1,806 words
    • Article
      Lock icon SGX XTRANET
      103 25 52-Wk Tel h Low Code Last Sale Vol COOP) .h^Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Com _Hm 1830 1682 DBXT FTChina25 1OUS$ 931 850 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ 9613 8540 DBXT SSP Short 10US$ ***** ***** 6065 Diamonds 6200
      103 words
    • Article
      Lock icon CLOB INTERNATIONAL
      73 25 52-Wk Tel High Low Code Last Sale Vol COOP) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 84.5 20 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A24.5 A8 US7 unch HK115cd -3
      73 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9316 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.363/ AIGIF Spore Bond Fund/A 1.188/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.61/ APS Alpha Fund (USD)!** 0.39/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5161/ APS Komaba Global
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 26 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Mar 9 World Index Preliminary 530.3 -0.2 -21.8 -0.6 -19.1 -0.7 -24.1 EAFE Preliminai 518.1 -0.5 -20.2 -1.4 -20.8 -1.6 -26.3 Euro[ Prelim inan 713.6 0.0 -21.7 -0.9 -22.3 -1.1 -27.: Pacific
      363 words
    • Article
      Lock icon PALM OIL
      65 26 MarlO KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Mar 09 2091 2090 2100 2080 97 688 Apr 09 2028 2040 2056 2028 1074 9356 May 09 1980 1995 2010 1976 7104 ***** Jun 09 1954 1957 1973
      65 words
    • Article
      Lock icon STOCK INDEX FUTURES
      23 26 Mar 10 ten STI ilMSCI Mar 174.6 179.4 178.2 "aiwan Mar 174.4 176.1 175.8 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon US$/S$ FORWARD RATES
      21 26 MarlO S$ Bid Offer 1-month 1.5386 1.5396 2-months 1.5382 1.5394 3-months 1.5377 1.5390 6-months 1.5367 1.5380 Source: OCBC
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    • Article
      Lock icon SIBOR
      71 26 MarlO SWAP Offer rates (Ss) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 2.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** Source:
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      304 26 MarlO OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar09 Jun09 Sep09 Dec09 98.5725 98.4550 98.4000 98.2600 8128 8774 6116 2510 EUROYEN TIBOR FUTURES Mar09 99.325 99.325 Jun09 99.400 99.400 Sep09 Dec09 MarlO Jun10 Sep10 DedO 99.310 99.400 99.315 99.400 99.460 99.465 99.450 99.390 99.330 99.285 216
      304 words
    • Article
      Lock icon SICOM FUTURES
      191 26 Mar 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Apr 09 140.0 May 09 Jun 09 140.3 Jul 09 137.0 Aug 09 Sep 09 139.0 140.2 137.0 139.0 139.0 139.0 137.0 136.5 136.5 125 40 44 867 796
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 26 Mar 10 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi' Day's [h Low 3-Month BQ*****Z 11.06.09 1-Year BY*****V 02.11.09 0.29 0.41 0.20 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      129 26 As at 9am Mar 10 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9780 1.0340 Lan dollar 1.1870 1.2010 Euro 1.9460 1.9680 NZ dollar 0.7600 0.7780 iterlini ind 2.1260 2.1520 US dollar 1.5420 1.5600 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      175 26 Mar 10 *i Offer Bil Overnight 1/16 1 -month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.42 0.60 1.10 1.50 2.00 2.40 2.50 Offer 0.32
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    • Article
      Lock icon INTERBANK CROSS RATES
      460 26 MarlO Rml Euro HK! lm Rs Ru Yen Won RM NZ! Pal Rs Peso Ram NT! Bal it Pouni us: wstralia 0.826 4.384 0.503 4.970 33.074 76.806 0.632 9.683 2.366 1.283 51.604 30.979 0.986 6.713 0.738 22.166 23.099 0.463 0.641 Canada 1.210 5.305 0.609 6.016 40.028 92.954
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    • Article
      Lock icon PRECIOUS METALS
      144 26 Mar 10 GOLD (USS/oz) Mar 09 Mar 10 Hong Kong London 931.00 908.40 932.00 909.40 Mar 06 Mar 09 942.00 917.85 943.20 919.35 Source: Thomson Reuters CAST BAR (S$) Mar 10 Buying Sellini Kilobar "49,282.06" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm
      144 words
    • Article
      Lock icon LONDON METALS
      61 26 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1265.25 months 1299.00 1277.25 1310.00 Copper, Grade A (US$/tonne) months 3582.75 3611.00 3696.0I 3720.0I .ead (US$/tonne) :ash 1240.25 months 1250.00 1210.75 1220.00 lickel (US$/tonne) ]ash months 9600.00 9675.00 9776.01 9850.01 'in (US$/tonne) iash months *****.00 *****.01 *****.00 *****.01 inc, Specia al
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    • Article
      Lock icon LIFFE
      73 26 Mar 9 :OCOA (Otonne) Close Prev Hii ih/Low Mar 09 1833 1819 1850/1806 May 09 1776 1755 1791/1749 Jul 09 1727 1703 1739/1699 Sep 09 1706 1675 1715/1689 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1464 1510 1501/1451 May 09 1460 1501 1499/1444 SUGAR (US tonne) White Close Prev
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      161 26 iiv ici\dhni\ v.unncN\.i nnic; Against SS Currencies Bid Offer J Mar 10 Against USS Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9858 0.9872 0.6406 0.6411 Canadian dollar 1.1933 1.1944 0.7755 0.7757 Euro 1.9584 1.9600 1.2727 1.2729 NZ dollar 0.7685 0.7694 0.4994 0.4997 Sterling
      161 words
    • Article
      Lock icon CHICAGO BOT
      101 26 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 881.00 879.00 899.00 879.00 May 09 865.00 867.00 884.00 862.50 Jul 09 863.00 866.00 882.50 861.25 AugO9 851.00 853.00 860.25 849.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.51 30.76 31.32 30.50 May 09
      101 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      79 26 CRUDE OIL PRODUCTS 5 Mar 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 46.01 WTI (Near Mth) 47.16 Dubai (1-Mth F) 43.41 Tapis blend 49.00 Minas 45.40 1.51 1.64 0.29 0.55 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 42.77 48.60 0.10 1.25 US$/barrel US!
      79 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2376 26 BONDS, WARRANTS EXTENDED SETTLEMENT rei Zode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left 1058 Advance Modules Grp W*****3 5036 Advance SCT Ltd W*****9 3092 Asia Environment W090S24 1481 #Asia Water Tech Ltd W*****0 3816 Asiasons Capital Ltd W*****7 3756 Asiatic Grp (H)
      2,376 words
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      2735 27 m The Business Times Shipping Times ____V VPfl BJ^B^BffHTffim^ffffinßnß WAN HAI INTERNATIONAL PTE LTD UEN:*****4695M m A^H 15isM M^Wrifl^'f^M'nfrm ___ffl \Tvi\ IAIA M UAI I Ilirr TEL:*****588 (KLINES) FAX:*****163 ____*^""I _!_P^l^l IM___^T^^H HUmH MPIMMME Y\^^B I WAN HAI INt__r PKL TEL: (03) *****58» FAX: <03) *****288 PEN TEL: (04) *****00
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      3201 28 rSVHBHBll^^^^^H I linn eastern car liner, ltd II (f| 2JS3S& I |jf—~—i I specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I |Mi|||glgti|hgp|||agy||ggJi^|||atgri^HiiadaMHlMiilMiilfeiiiißMiJiill^^ llQr^g^QQa I VOY RomplKT, LillinglKT, SIN PKL KUC LCB )KT SUR yy^y i yy^j^y|j j l |y| t^jyi jj l^ji jy i |jj
      3,201 words
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  • executive Money
    • Article, Illustration
      Lock icon Fiscal stimulus is way out of crisis
      1032 29 And concerns about budget deficits must take a backseat for the balance sheet recession to unwind fully, reports GENEVIEVE CUA FISCAL stimulus is the answer to the malaise in economies and markets. But it will have to be sustained over the medium term
      Richard Koo,  -  1,032 words
    • Article, Illustration
      Lock icon The other shoe has yet to drop
      1263 30  -  PRADEEPVERMA It is inevitable that interest rates will go up, and that will wipe out a huge amount of capital in the bond market DURING the Great Depression, the Dow Jones Industrial dropped by 17 per cent in 1929, 34 per cent in
      1,263 words
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      Lock icon Swiss bank secrecy loss to hit foreign-fund management
      1453 30 Bloomberg Criticism and debate over govt's decision rage after ÜBS gives client data to US [ZURICH] Ever since ÜBS AG handed over the names of about 300 customers to the United States on Feb 18, there's been nothing but shuddering from Zurich's
      Bloomberg; AFP  -  1,453 words
    • Article
      Lock icon Graham method shows S&P is still too high
      1126 31 Bloomberg Buffett's mentor measured equities against 10 years of profits instead of one [LONDON] Benjamin Graham, the father of value investing and mentor of Warren Buffett, would find most US stocks expensive even after the Standard Poor's 500 Index dropped 56 per
      ■ Bloomberg  -  1,126 words
    • Article
      Lock icon Gresham expects record USsl.2b for investments
      382 31 Bloomberg [LONDON] Gresham Investment Management LLC, the New York-based commodities investment company led by Henry Jarecki, has a record US$l.2 billion committed from investors betting that inflation will send raw materials higher. The US$l.2 billion due in the next several months is "our biggest
      – Bloomberg  -  382 words
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      375 29 A diamond is a girl's best friend. And your worst enemy. m ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••a A Diamond formation signals a downside break. While a bull market reversal may not Why open a Saxo account today? be great news, with Saxo Capital Markets, a serious trader like you could well turn it into
      375 words
  • Page 29 Miscellaneous
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      92 30 If your first thought was, 'a drop in car sales could affect the Dow/ contact us. If it was, 'imagine getting the keys mixed up for that lot/ then don't. I If you're smart enough to understand how current events might affect 1 I leading indices, you're smart enough to
      92 words
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      205 31 ETF OF THE YEAR.* In a year of economic uncertainty, the desire compared with USD7O billion in 2007. And, for more liquidity, transparency and cost- we're proud to announce that Barclays effectiveness resulted in dramatic inflows to Global Investors, the Manager of iShares the Exchange Traded Funds (ETFs) category. ETFs,
      205 words
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  • CFO CONVERSATIONS
    • Article, Illustration
      Lock icon What keeps CFOs awake at night
      2793 32  -  CONRAD TAN Cashflow problems and scarce funds are some of the issues companies have to grapple with in the current recession. reports AT THE inaugural BT-IBM CFO Roundtable seminar last Friday, chief financial officers from various Singapore companies and financial consultants exchanged tips on
      2,793 words
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