The Business Times, 16 March 2009

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Total Pages: 27
1 27 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg *S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Monday, March 16,2009
    20 words
  • 601 1  -  NEIL BEHRMANN G-20 finance chiefs agree on massive funding boost to counter global capital squeeze By in London THE Group of Twenty finance ministers have agreed to a substantial increase in funds for the International Monetary Fund, Asian Development Bank and
    REUTERS  -  601 words
  • 562 1  -  YEN SREENIVASAN The Spore carrier says warm climate may shield its fleet By [SINGAPORE] The airline industry has reason to sweat over the crash of a British Airways (BA) Boeing 777, but Singapore Airlines (SIA) is convinced that the warm Asian climate
    562 words
  • MARKETS DIGEST
    • 56 1 Weekly C 1,577.52 Change +64.40 >T Index 1 COMP 843.45 -14.77 IIKKEI225 7,569.28 +396.18 IANG SENG 12,525.80 +604.28 SET INDEX 424.79 +5.28 JAKARTA COMP 1,327.44 +40.75 1ANILA COMP 1,856.10 -64.06 ;eoulcomp 1,126.03 +71.00 iHENZHEN B 316.16 -4.76 IUMBAI IND 8,756.61 +430.79 )OW 7,223.98 +597.04 IAS DAI 1,431.50 +137.65 ;&P
      56 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.460 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.53 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ US$) 1.544 (USS/SS il 1.391 2.147 EURO (US$,S$/E) Foreign currency p 1.292 per US$ 1.995 S$ 'EN 98.00 63.50 3.706 2.400 m 7.754 5.022 !AHT 35.97 23.30 lUPIAH 11,993 7,767 lENMINBI 6.839 4.429 INDIAN RUPEE 51.70 33.48 1.527 0.989 IZ$ 1.924 1.246
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 89 1 YOUNG INVESTORS' fS §fS^% f% BizlT SINGAPORE NEWS iM\M AGE OF TURBULENCE FORUM j^k^',X S'pore firms turn to S'poreans splurge with Part 10 of BT-NUS series SMU quartet clinches J y|j Flj! tftJ cloud computing nose for good deals on the financial crisis business quiz page 12 UfVfl mA &y
      89 words

  • TOP STORIES
    • 906 2  -  ANDREW MARKS WALL STREET INSIGHT Investors looking to second-quarter results for signs of corporate stability By in New York FOUR consecutive days of gains and a 10 per cent bounce for the US stock market have worked a remarkable magic on
      AP  -  906 words
    • 618 2  -  SIOW LI SEN By [SINGAPORE] It is inevitable that Singapore will relax its banking secrecy rules, but that will not make it a less attractive private banking and financial centre, say private bankers and tax experts. Except for tax evaders. "They (the tax
      618 words
    • 485 2  -  JAMIE LEE By [SINGAPORE] Some 1,200 jobs are up for grabs in the clean technology (cleantech) industry this year, says the Economic Development Board (EDB). Most of the jobs would be created from investments by wind turbine maker Vestas Wind Systems and solar
      485 words
    • 696 2 -AP, Reuters Says its hands are tied because of bonus agreements [WASHINGTON] American International Group (AIG) is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than US$l7O billion dollars. AIG is
      -AP, Reuters  -  696 words
    • THREE-MINUTE DIGEST
      • 83 2 THE Group of Twenty finance ministers have agreed to a substantial increase in funds for the International Monetary Fund, Asian Development Bank and other emerging market institutions. In separate press conferences and off-the-record briefings, the finance ministers and officials said that
        83 words
      • 74 2 THE airline industry has reason to sweat over the crash of a British Airways Boeing 777, but Singapore Airlines is convinced that the warm Asian climate will keep its own fleet safe. British aviation investigators warned last week that there was a
        74 words
      • 80 2 FOUR consecutive days of gains and a 10 per cent bounce for the US stock market has worked a remarkable magic on Wall Street, where, by last Friday's closing bell a glimmer of optimism was finally able to
        80 words
      • 84 2 IT is another sign of how grave the financial and economic crises have become the yields of some Singapore government bonds have fallen in recent months to levels not seen since 1998 as investors seek safer assets. For instance, the yield of 10-year Singapore Government
        84 words
      • 71 2 CRISIS does not spell paralysis, says Tat Hong Holdings president and chief executive Roland Ng. On the contrary, it can spell opportunity for companies that look beyond the current downturn and take a pro-active approach. "There are always plenty of opportunities in a crisis,"
        71 words
      • 91 2 AT The Hour Glass' private sale this month, a well-dressed crowd jostled to join the lunchtime queue forming outside the head office by the lift-loads not quite what one might expect in a deepening recession. Equally at odds with the gloomy economic forecasts
        91 words
      • 65 2 HALF-FINISHED casinos and dropping revenues have fuelled fears that Macau's staggering growth has faltered, but analysts insist the gaming haven remains a sure long-term bet. While gaming revenues dipped sharply over the second half of 2008, the city still raked in a total of
        65 words
      • 81 2 CLOUD computing, which promises to reduce capital expenditure and operational costs, is being examined closely by Singaporean companies, two independent surveys have revealed. According to IDC, in Singapore there is a high level of awareness of cloud computing, with nearly 80 per cent of
        81 words
    • 548 3  -  EMILYN YAP High demand drives yields of some government bonds to historical lows By "SGS yields have fallen significantly due to several factors such as risk aversion," said OCBC economist Selena Ling. There is "declining risk appetite for risky assets like equity amid volatile markets".
      548 words
    • 198 3 Reuters [GENEVA] Switzerland's biggest bank ÜBS plans to cut up to 5,000 senior and management jobs in the next few weeks, Swiss weekly SonntagsZeitung said yesterday. SonntagsZeitung said that according to its own research, up to 2,500 management positions could go in ÜBS's dominant
      ■ Reuters  -  198 words

  • Page 3 Advertisements
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      241 words

  • SINGAPORE MARKETS
    • 758 4  -  R SIVANITHY STOCKS BACK in December 2007 when the US's house of cards was just starting to crumble, Morgan Stanley Asia's chairman Stephen Roach wrote about an impending debilitating recession, criticised the US Federal Reserve for mismanaging the biggest risk of our times by
      758 words
    • 1092 4 Payment (cts) Ex Books Pay date close date ,BR Hldgs ak 0.500 11-May 13-May 28-May action Asia ak 1.200 05-May 07-May 19-May nEI Corp an 0.750 06-May 08-May 22-May Ltd 0.500 25-Mar 27-Mar 13Jlgreen Prop an 2.000 05-May 07-May 20-May >RA Asset Mi ak 2.240 06-Mi 08-Mai 20-Mai
      1,092 words
    • 236 4 AFP COMMODITIES [LONDON] Oil prices rose over the week awaiting Opec's upcoming meet on output, while a downturn in demand weighed on a number of metals, traders said. Markets were also awaiting the outcome of a meeting of leading finance ministers on Saturday
      AFP  -  236 words
    • 351 4 -AFP CURRENCIES [HONG KONG] Asian currencies ended the week mostly stronger against the dollar as investor sentiment moved against the US cyJapanese yen: The yen gained ground during the week as rebounding stock markets reduced the dollar's appeal as a safe haven, dealers said.
      -AFP  -  351 words
    • 1374 4 Source: Thomsonßeuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Properties 2.83 2.58 12 5.49 6.65 0.63 0.38 ,RA Asset Mi 2.00 2.00 6.05 6.61 0.65 0.42 >scendas India Trust 1.75 1.75 4
      1,374 words
    • 4 4 WEEKLY
      4 words
    • 59 4 CLOSE IT OB/OS -589.00 +195.C IT CADI -*****.00 +165. IT 10-day MA -*****.00 -59.0' TSE ST Mid Cap 305.02+11.01 TSE ST Small Cap 242.76 +6.0' TSE ST All Share 373.50 +18.2: TSE ST China Top 143.83 +9.4i TSE ST China 137.87 +8.3 IOB Catalist 63.03 +0.2 iMSCI
      59 words
    • 62 4 VOLUME China Honqxinq 446,057,000 Golden Agri 372,656,000 Chart SemiCond 189,605,000 RafflesEdu 180,549,000 Capita Mall R 175,688,000 Capita Land 113,031,000 Sing Tel 107,618,000 Capita Mall 106,533,000 NOL 105,532,000 Noble Grp 104,924,000 VALUE(S) UOB 476,702,445 DBS Grp 443,905,783 Sing Tel 264,258,122 Capita Land 219,822,054 OCBC Bk 201,953,170 SGX 180,067,996
      62 words
    • 102 4 BY CENTS CLOSE UP iBXT FTChina25 10US$ 1846 253.1 9.8 China H 10US 956 111.1 8.1 iBXT MSTaiwan 10US$ 956 92.6 6.7 lardine C&C 980 80.0 8.9 ;txpo ioo 845 60.0 7.6 At 484 58.0 13.6 At '.ES.0903 483 58.0 13.6 IMH 1702 49.4 1.9 iBS Gri 739 49.0
      102 words
    • 119 4 DBXTS&P Short 10US$ BY CENTS CLOSE DOWN 8690 -1424.0 -9.6 OCBCCai :.93%Pref10 6960-570.0 -7.6 GLD 10US$ 9060-316.4 -2.2 OCBCCai 5.1%NCPS 100 8650-210.0 -2.4 OCBC Bk5.1%NCPS 100 9000-180.0 -2.0 UOB 5.05%NCPS 100 8990-110.0 -1.2 OCBC Bk4.5%NCPS 100 8020 -80.0 -1.0 ISDN Hid. 18.5 -31.5 -63.0 DBSBk6% NCPS 10 9700 -30.0
      119 words
    • 81 4 iere« S$ stands Mar 13 CHNG CLOSE FRMaM2 YR 2008/2009 S$ LOW S$ HIGH ISS 1.5427 -0.79 1.5579 1.3457 iuro 1.9936 -1.84 2.2064 1.8640 'ounds 2.1664 -2.56 2.8431 2.0356 1.0156 -2.72 1.3251 0.9068 ren* 1.5673 1.54 1.7278 1.2619 lupiah* 0.***** -0.83 0.***** 0.***** !aht* 4.2912 -0.79 4.4299 4.0190 'eso*
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    • 1521 6  -  TEH HOOI LING FIVE months on and our portfolios have on average slumped by close to 30 per cent. A lot of the damage was inflicted by China stocks, which have had more than their fair share of blow-ups of late, and
      1,521 words
    • 1318 6  -  ROBERT HALILI INSIDE MARKETS By BUYING among directors remained high with 42 companies recording 93 purchases worth $22.5 million based on filings on the Singapore Exchange in the second week of March. The numbers of firms and trades were not far off
      1,318 words

  • COMPANY NEWS
    • 633 5  -  CHEN HUIFEN To overcome the downturn, the firm's strategy is to boost its China presence By CRISIS does not spell paralysis, says Tat Hong Holdings president and chief executive Roland Ng. On the contrary, it can spell opportunity for companies that look beyond the
      YEN MENG JIIN  -  633 words
    • 197 5 Unionmet(S) Ltd A Amara Hotel Singapore, Connection 4, Level 3, 165 Tanjong Pagar Road, Singapore *****9 17-Mar 10.00am lasper Invest E 1 HarbourFront Walk, #02-30 GV Vivocity, Singapore *****5 17-Mar 10.00am New Wave Hldgs E 8 First Lok Yang Road, Singapore *****1 17-Mar 10.00am Falcon Energy E 10
      197 words
    • 397 5 Mar 13 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5
      397 words
    • 670 7  -  TEH HOOI LING THE authorities recently rejected the request of some real estate investment trust (Reit) managers to reduce the minimum payout ratio to unitholders while still being allowed to enjoy tax concessions. Spelling out the government's stand a few weeks ago, Senior Minister
      670 words
  • Page 5 Advertisements
    • 260 5 Emerging Enterprise Award 2009 $360,000 worth of prizes to complete i the picture of your business success j| —sifißffl SR hl /if The prestigious Emerging Enterprise Award 2009 is jointly presented by The Business Times and OCBC Bank, and supported by SPRING Singapore, NUS Extension and RSM Chio Lim. Up
      260 words


  • Page 7 Advertisements
    • 226 7 I GOURMET VALUE MEALS I So popular on weekends... now available on weeknights! Dine to your heart's content with a choice selection of 45 authentic Fuzhou dishes. Create your own 5-course set menu from just $80++ for 4 persons. Available on both weekends and weeknights. ||3|fcfc to BS^^£Mf I From
      226 words

  • SINGAPORE NEWS
    • 1084 8  -  TEH SHI NING Spending patterns have yet to shift from high-end to low-end items By AT The Hour Glass' private sale this month, a welldressed crowd jostled to join the lunchtime queue forming outside the head office by the lift-loads not quite what
      ARTHUR LEE  -  1,084 words
    • 607 8  -  VICTOR KATHEYAS By AS companies rethink their strategies to cope with the economic downturn, they will do well to think about their advertising budgets too, says Paul Heath, chief executive officer of Ogilvy Mather (O&M) Asia Pacific. In particular, companies need to assess
      607 words
    • 371 8  -  JOYCE HOOI By COLOMBIA has set its sights on boosting bilateral trade and building stronger economic ties with Singapore. "We want to promote trade and investment with Singapore. Colombia has undergone major changes over the past five years. It has become a destination
      371 words
  • Page 8 Advertisements
    • 815 8 *WL Z^mm^^^MmW 1 km I SINGAPORE t=LAYi Always ploy with care. Towards Community W fssponalbuy Do not bet illegally. Purpose and Benefit J BCB Reg No. *****0202G I POOLS A [SATS TOTAL ACCESS COMMUNICATION PUBLIC COMPANY LIMITED (Registered in the Kingdom of Thailand as a public company with limited liability)
      815 words
    • 404 8 w WATS JL^I Vta^ JL IV^-i 1 j i,_* Toll free: 1800-289-8822 Email: notices@sph.com.sg •www.cats.com.sg PT RFWT TAMAm TAW FU Tht Va^-yA JT 1 DJCjJxJLljrVl^l LAJU 1 AiS JVIL Jv IDK sa <™ in the matter of the companies act (chapter so) Having registered office in Jakarta, Indonesia ("Company") IN
      404 words

  • FINANCIAL CRISIS
    • 1039 9 MARK GOH looks at how logistics service providers are affected by falling consumer demand and what they can do to stay afloat THE term supply chain management has been popular in recent years. One reason is probably the effects of globalisation and the rising
      REUTERS  -  1,039 words
  • Page 9 Advertisements
    • 9 9 mVI [ij j Ifl [tW mI I |i I
      9 words
    • 290 9 Af3 Yon 3uppJ7J/Jsj \tsS^l MuijAiMMHiJji Passenger Cars Fuel Consumption B B /M Fuel tfcdoWtrpl Jj^k inH in asrorajrHif vwlH UN EGE R 101 [Revision ZJ Kk^b. .'i'^fl 'irt smcnflTKrH Im*o t\ pdp co hireddp 'p cwlf *^^^^l I Thr a^tu^ hid rontjmprirn nil drpwd nr ringing hi^ilt I l^^^k. From
      290 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      3055 10  -  Charles M Ormiston THIS WEEK'S TOPIC Is the new US administration taking the right steps to resolve the economic crisis? What more needs to be done? Director Bain Company THE US is taking some necessary steps in the short term to "stop the haemorrhaging", but I am concerned
      BLOOMBERG; FILE PHOTO  -  3,055 words
  • Page 10 Advertisements
    • 106 10 SHlFT_the way you move '\A» Tan Chong Motor Sales Pte Ltd j? °*r°Om^: eyiee tt-h Authorised Dealers: Auto Mega Trading Pte Ltd 300 Tampines Avenue 5, #01-01, NTUC Income Tampines Junction. Tel: 6787 2882 Hong Heng Co Pte Ltd 33 Sembawang Road, #01-01/02. Tel: 6452 1112 Kok Yoke Chuan Pte
      106 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1002 11  -  JAMIE LEE It beats teams from NUS, NTU and SIM to emerge victors at SPH Foundation's Singapore Universities Business Quiz, reports A THREE-MEGABYTE "cheatsheet" that summarised recent fraud cases in Singapore helped the Singapore Management University (SMU) team breeze through the inaugural Singapore Universities Business
      ARTHUR LEE  -  1,002 words
    • 783 11 CAMPUS LIFE A three-member team from the NUS Business School recently won a prestigious business case competition held in Canada. One of them, WONG WEI MING, shares his experience AS an information systems undergraduate, developing business models, identifying unique selling points and crafting business
      NUS  -  783 words
    • 204 11 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 11 Advertisements
    • 46 11 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • DINING OUT
    • 576 12  -  Audr&y Phoon ITALIAN RESTAURANTS NEW CHEF Pontini Level 2 Grand Copthorne Waterfront Hotel Singapore 392 Havelock Road Tel: 6233-1133 AS any eatery worth its truffle salt knows, it's a restaurant-cat-restau-rant world out there. Which means you can't afford to rest on your laurels even
      DAYLIN KOH  -  576 words
    • 622 12  -  Ch&ah Ui-Hoon NEW RESTAURANT Saraceno Ristorante 83 Duxton Road Tel: 6438-9638 ONE of the premier French restaurants in town used to be L'Aigle dOr at Berjaya Duxton Hotel but since it closed about five, six years ago, most foodies have scratched the hotel off
      YEN MENG JIIN  -  622 words
  • Page 12 Advertisements
    • 144 12 LUAUKY W J551 JSS B mmm Wmm mm «ir id -^^1 t A flliULilii ml ik^l H9n Good times and great f00d... JntrT\Tn TITT/^ITT1 RiM^nSiSSBl *-iinu Indulge your cravings day and night at Oscar's. X Xj IV Xll vj I-/U w IV Kdfl *^9 stop by for su PPer after
      144 words

  • ECONOMY WATCH
    • 754 13 AP He says US economy is sound, cites increases in investment inflows [WASHINGTON] US President Barack Obama downplayed divisions between the US and Europe over how to tackle the world's financial crisis and said that China should have "absolute confidence" that its sizable investments in the
      AP  -  754 words
    • 651 13 AFP [WASHINGTON] The US Federal Reserve is likely to signal its intent this week to act even more aggressively in opening up credit markets to spark recovery from recession, analysts say. At a two-day policy meeting opening tomorrow, the Federal Open Market Committee (FOMC)
      AFP  -  651 words
    • 725 13 [HORSHAM, England] US Treasury Secretary Tim Geithner was the new guy in town, fresh-faced among a crowd of silver-haired finance ministers from the Group of 20 leading economies. And some of them let him know it. Mr Geithner,
      REUTERS  -  725 words
    • 276 13 Reuters [HORSHAM, England] Japan announced a US$5 billion loan fund on Saturday to help developing nations, hard hit by the global credit crisis, to put in place running water, solar power systems and other environmental infrastructure. Capital flight is plaguing emerging economies as
      – Reuters  -  276 words
    • 619 13 Reuters [RIYADH] The Saudi government will have to spend big on private sector projects to support the economy now that aggressive interest rate cuts appear to have failed to spur lending. The central bank of the world's largest oil exporter
      Reuters  -  619 words

  • MALAYSIA/INDONESIA
    • 624 14  -  S JAYASANKARAN Outsourcing companies that rake in commissions by importing labour are proliferating By in Kuala Lumpur The Human Resources Ministry clarified that the arrangement had been made "before" January when a blanket freeze had been imposed on new foreign workers. The Ministry also said
      624 words
    • 254 14 AFP Forecast says 45,000 citizens to lose jobs in next few months [KUALA LUMPUR] Malaysia has slashed its work permit approvals for foreign workers by almost 70 per cent so far this year, faced with the twin threat of layoffs and recession,
      AFP  -  254 words
    • 413 14 AFP [KUALA LUMPUR] A top member of Malaysia's ruling party has been charged with corruption while another has been investigated in the past week as the party heads for a critical annual meeting. The new allegations put the United Malays National Organisation
      AFP  -  413 words
    • 494 14 ■AFP [KUALA LUMPUR] Malaysia's next first lady Rosmah Mansor has said she was "shocked" by attacks from political opponents who have attempted to link her and her husband to a sensational murder. But the wife of Deputy Prime Minister Najib Razak, who is to
      ■AFP; AP  -  494 words
    • 226 14 Reuters [BOGOR] Indonesia's economy will expand 4.5 per cent this year, President Susilo Bambang Yudhoyono said yesterday, reiterating the government's forecast which is more optimistic than the central bank's outlook. Bank Indonesia, the central bank, earlier this month cut its 2009 gross
      – Reuters  -  226 words
    • 2125 14 lar 13 RM C000] M Realty 0.30 unch 2 \bric Bhd 0.18 unch 0 \dvance Synergy ...0.08 0.01 73 \dventa Bhd 0.90 unch 0 \eMulti Hldgs 0.12 unch 0 \ffin Holdings 1.25 -0.01 382 \hmad Zaki Resou ..0.46 0.02 108 Me Corp 0.44 unch 0 \irasia Bhd 0.94
      2,125 words

  • GREATER CHINA/INDIA
    • 698 15 AFP Observers warn that country seems to be heading for fractured mandate and a possible hung parliament [NEW DELHI] National poUs in India used to be a two-horse race with the country's oldest political party, the Congress, vying with the Hindu nationalists for the
      AFP  -  698 words
    • 745 15 AFP They think economy generally is healthy, slowdown is natural [MACAU] Half-finished casinos and dropping revenues have fuelled fears that Macau's staggering growth has faltered, but analysts insist the gaming haven remains a sure long-term bet. The former Portuguese colony has transformed itself from
      AFP; BLOOMBERG  -  745 words
    • 815 15 Reuters [HONG KONG] China's campaign to bring cleaner, low-emission vehicles to its roads may take a back seat as the government seeks first to stimulate growth and counter dwindling sales in the world's largest car market. Battery and car maker BYD
      Reuters  -  815 words
    • 278 15 AFP [TAIPEI] Taiwan has taken another step forward in a move to lift a decades-old ban on casinos after it was decided no more than two casino resorts would be licensed at the beginning, it was reported yesterday. The ruling Kuomintang
      AFP  -  278 words
    • 348 15 Reuters [HONG KONG] Macau yesterday barred five Hong Kong pro-democracy lawmakers and activists from entering the gambling hub in a simmering row over immigration curbs that critics say are linked to new national security laws. In recent months, dozens of Hong Kong pro-democracy figures
      – Reuters  -  348 words

  • WORLD
    • 1046 16 Reuters Energy firms looking to stay out of reach of Obama's tax-seeking administration [ZUG, Switzerland] The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom. Yet a wave of energy companies has in the last few months announced
      – Reuters; REUTERS  -  1,046 words
    • 508 17 Bloomberg New incentives to banks, investors to resume trading in mortgage securities [HORSHAM, England] US Treasury Secretary Timothy Geithner said he will soon provide details of his plan to help banks clean up the non-performing assets that are clogging the financial system. "We're
      Bloomberg; AFP  -  508 words
    • 395 17 -AP [DETROIT] Even if Chrysler LLC gets additional government loans, it could face another cash shortage in July when revenue dries up as the company shuts down its factories for two weeks to change from one model year to the next, its chief
      -AP  -  395 words
    • 801 17 LAT-WP [LOS ANGELES] A growing number of healthy banking chains across the US are bailing out of the US$7OO billion federal banking bailout programme, saying it has tarnished the reputation of banks that took the money and tangled them in unwieldy regulations.
      LAT-WP; REUTERS  -  801 words
    • 778 17 Reuters Diversifying board is likely to ensure more risk oversight [NEW YORK] Citigroup Inc may benefit from a push to install more directors with financial industry experience after a board heavy with Fortune 500 chief executives oversaw a disastrous push into risky debt. Diversifying
      Reuters  -  778 words
    • 625 17 Reuters [NEW YORK] US municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewellery and slot machines in an effort to reduce swollen deficits. And municipalities
      – Reuters  -  625 words
  • Page 16 Advertisements
    • 1842 16 w A MAIS IN THE MATTER OF THE COMPANIES ACT, I I IN THE MATTER OF THE COMPANIES ACT, I CHAPTER 50 CHAPTER 50 IN THE MATTER OF AND AND COMPANIES ACT, CAP 50 IN THE MAHER OF IN THE MATTER OF STEAMERS CONTAINERSHIPS HOLDINGS PTE LTD ARIES LAND PTE
      1,842 words
    • 1249 16 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg CHINA TAISAN TECHNOLOGY GROUP HOLDINGS LIMITED (Company Registration No. *****1863 D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Taisan Technology Group Holdings Limited will be held at No. 1 Kallang Way 2A Singapore *****5 on
      1,249 words


  • FOCUS: NEW YORK, NEW YORK
    • 1254 18 LAT-WP A US brokerage is offering a programme that trains badly injured veterans for finance industry jobs [PHILADELPHIA] IF you didn't know John Jones, you'd assume he was just another overworked securities trader, hustling across the sidewalk to wolf down a quick lunch in
      LAT-WP; AFP  -  1,254 words
    • 816 18 NYT\ [NEW YORK] Never mind the squalor. Elmo Ranelli, five months removed from sleeping on a park bench and scrounging for food, has big plans. "I want to be the go-to guy for a good time in New York," he said.
      NYT\  -  816 words
  • Page 18 Advertisements
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      25 words

  • ASIA-PACIFIC/WORLD
    • 762 19 Bloomberg, Reuters Tighter enforcement of accords to lower supply targets tops meeting agenda [VIENNA] Opec, supplier of about 40 per cent of the world's oil, will keep oil production quotas unchanged, a delegate attending yesterday's meeting said, declining to be named because
      Bloomberg, Reuters; BLOOMBERG  -  762 words
    • 360 19 \p [WASHINGTON] President Barack Obama was flooding American television yesterday with key economic advisers, pressing to buttress confidence in a nation caught in a financial downdraft unequalled in more than 50 years. At the same time, the administration made known it would provide billions
      \p  -  360 words
    • 506 19 Reuters [TOKYO] Japan is once again handing out taxpayer money to prop up struggling local banks, but the plan could backfire and spark more bad loans as the economy deteriorates. The government said on Friday it would put US$l.2 billion into
      Reuters  -  506 words
    • 503 19 Reuters Pressure on them to ease their banking secrecy further could continue [GENEVA] Foreign private investors hold up to two trillion Swiss francs (552.6 trillion) in Swiss banks, twice as much as previously thought, Swiss weekly NZZ am Sonntag said yesterday.
      Reuters  -  503 words
    • 550 19 -AFP [PARIS] A predicted slowdown in Atlantic Ocean currents will cause sea levels along the US northeast coast to rise twice as fast as the global average, exposing New York and other big cities to violent and
      -AFP; AFP  -  550 words

  • AVIATION/SHIPPING
    • 603 20 Bloomberg Demand for iron ore shipments to China shows no signs of life, says analyst [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted a third consecutive drop on Friday on weakening demand for iron ore to make
      Bloomberg  -  603 words
    • 193 20 -AFP [NEW YORK] A US citizen who was a director at a Singapore company pleaded guilty on Friday to conspiring to export aircraft parts to Iran in violation of a US trade embargo, prosecutors said. Laura Wang-Woodford faces a maximum prison
      -AFP  -  193 words
    • 2624 20 AIRLINE CODES: AA Am -s (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAV\ Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways
      2,624 words
    • 772 20 -LATWP [WASHINGTON] An airfare war has broken out in recent weeks a boon for anyone with money to travel. Airlines have rushed out coast-to-coast travel deals for as little as US$99 each way for the spring and summer as the economic downturn
      -LATWP; REUTERS  -  772 words
  • Page 20 Advertisements
    • 249 20 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE RATE RESTORATION EFFECTIVE IMAY2OO9 Feeder rates have deteriorated to the extent that they are no longer sustainable. In order to enable Feeder Operators to maintain their level of service and commitment to the trade, it is imperative for rates to be restored
      249 words
  • Page 20 Miscellaneous
    • 316 20 CRYPTIC CROSSWORD ACROSS 7 Clare playing retained appeal in musical performance (7) II BJ' I BJ* IBJ I 8 Island backed account intro- BH P^ P^ duced by youngster (7) 111 I II I 10 Accepting lot getting a fact I I i II H misplaced about record (10) LM__BJBJ__|BM__Bi|__BJßJ__BM__|BH__B^l
      316 words

  • SINGAPORE STOCK
    • 9152 21 Week ended: Mar 13 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E 9 3 3148 STelecom 11 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12 5000 ABR Hldgs 18 6 1938 AEI Corp 9.5 1 1100 AEM 25 7 2101
      9,152 words
    • 1973 22 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
      1,973 words
    • 106 22 52-Wk Tel Last Vol fnn Week Last Quote Div GrYld Net MCap 1846 1682 DBXTFTChina25 1OUS$ 956 850 DBXT MSTaiwan 1OUS$ 5356 5220 DBXT Nifty 1OUS$ 9613 8540 DBXT S&P Short 1OUS$ ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101
      106 words
    • 71 22 «Vk Tel Low Code Last Sale Vol COOP] leek I Low By _as1 Quote Div Seller C'vr Net P/E fICap Hii Comi Hii 84.5 20 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A24.5 A8 US6.5 -1 HK118cd unch 2382 546 7
      71 words
    • 110 22 i Land 2.120 +0.160 JSH 8.950 +0.150 SIAEn. 1.600 +0.03I iMall 1.010 +0.030 Jardine CSC 9.800 +0.950 SPH 2.450 +0.131 :it' 4.840 +0.360 Kg il Cor[ 4.390 +0.270 ST En. 2.300 +0.07I ■osco Cor| 0.765 +0.075 Kg ;l Land 1.170 +0.130 iembCon Ind 2.170 +0.131 iBS
      110 words
    • 104 22 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 9 4 0 0 0 4 9 4 lanufacturini 55 95 67 14 11 62 109 78 Commerce 26 26 21 10 30 36 23 r/O ms 17 17 18 17 :inance 20 22 20
      104 words
    • 104 22 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 83,534 83,534 206,568 206,568 lanufacturing 1,374,393 63,030 1,437,423 491,296 2,832 494,128 Commerce 377,921 30,552 408,473 249,588 2,890 252,478 ]t/Stor/Comms 413,567 864 414,431 607,800 47 607,847 :inance 244,845 244,845 1,345,944 1,345,944 Construction 149,415 10, ,307 159,722 7,373 90 7,463 'ro|
      104 words
    • 2699 22 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway feia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing Airport Seijing Ent Jeijing
      2,699 words
  • Page 21 Advertisements


  • FINANCE & COMMODITIES
    • 362 23 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Mar 13 World Index Preliminary 570.8 0.4 -15.8 1.2 -12.6 0.7 -18.. EAFE Preliminai 549.4 1.7 -15.4 2.8 -15.1 2.3 -20.1 Euro[ Prelim inan 765.7 0.6 -16.0 1.9 -15.7 1.4 -21.3 Pacific
      362 words
    • 125 23 As at 9am Mar 13 >f foreign currency: lurrencies Bid Offer >ust dollar 0.9900 1.0210 dollar 1.1870 1.2020 luro 1.9600 1.9830 IZ dollar 0.7890 0.8060 iterlini ind 2.1170 2.1420 )S dollar 1.5200 1.5380 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi renminbi
      125 words
    • 174 23 Mar 13 $S Offer Overnight 1-month 2-months 3-months Overnight mode: ys$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.45 0.65 1.20 1.50 2.20 2.50 2.60 Offer 0.35 0.55 1.00 1.30
      174 words
    • 22 23 Mar 13 STI IIMSCI Mar 178.8 190.3 189.0 "aiwan Mar 178.7 186.2 184.8 Source: MF Global (S) He. Ltd
      22 words
    • 20 23 Mar 13 Bid Offer -month 1.5432 1.5445 1.5428 1.5443 {-months 1.5426 1.5441 >-months 1.5417 1.5433 Source: OCBC
      20 words
    • 176 23 Mar 13 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) \prO9 139.8 Way 09 lunO9 139.8 ul 09 \ug 09 >ep 09 139.7 139.7 139.5 139.5 20.0 137.5 137.5 137.5 20 837 827 796 857 1109 686 544 FSR
      176 words
    • 88 23 Mar 13 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****Z 11.06.09 1-Year BY*****V 02.11.09 0.29 0.43 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • 103 23 Mar 13 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 882.50 899.00 904.00 881.75 May 09 876.50 882.00 890.00 867.25 Jul 09 875.25 881.50 888.75 866.50 AugO9 861.50 871.00 875.25 855.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 29.80 30.11 30.15 29.75 May
      103 words
    • 75 23 CRUDE OIL PRODUCTS Mar 12 origin^ t/barrel Close Cham irent blend (1-Mth F) 43.79 -0.9. VTI (Near Mth) 46.81 3.8I iubai (1-Mth F) 41.00 -2.0. "apis blend 46.40 -2.0I i/linas 44.75 0.0! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 41.90 47.25 -O.7I -1.5! US$/barrel )pec Oil Basket Price
      75 words
    • 446 23 Mar 13 iuro 'en (on 'eso lam 'ouni Australia 0.838 4.478 0.507 5.077 33.847 78.521 0.642 9.710 2.426 1.260 52.560 31.768 1.011 6.521 0.778 22.579 23.551 0.471 0.655 Canada 1.193 5.342 0.605 6.056 40.379 93.673 0.765 11.584 2.894 1.503 62.703 37.899 1.206 7.780 0.928 26.936 28.096 0.562
      446 words
    • 66 23 Mar 13 mth 0.***** 0.***** mths 1.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 2.***** mths 1.***** 0.***** mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** mths
      66 words
    • 157 23 Mar 13 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0102 1.0116 0.6546 0.6549 Canadian dollar 1.2052 1.2067 0.7809 0.7813 Euro 1.9936 1.9956 1.2918 1.2920 NZ dollar 0.8017 0.8032 0.5195 0.5200 Sterlini md 2.1463 2.1484 1.3907 1.3909
      157 words
    • 174 23 Mar 13 GOLD (USS/oz) GOLD (USS/oz) Mar 13 Mar 12 Hong Kong 915.60 906.00 916.60 907.00 Mar 12 Mar 13 London 924.20 931.60 926.20 932.80 Source: Thomson Reuters Mar 13 Mar 12 GOLD BULLION COINS (S$) Selling Buying 1 oz 1588.95 1437 UBS GOLD LUNAR KINEBAR (S$) Selling
      174 words
    • 62 23 Mar 13 iiuiii, yy.i (US$/tonne) Close Previous iri:ash 1313.75 months 1347.00 1306.51 1340.01 Copper, Grade A (US$/tonne) :ash months 3640.50 3670.00 3548.51 3580.01 .ead (US$/tonne) :ash 1243.50 months 1249.00 1230.01 1237.01 lickel (US$/tonne) :ash months 9522.00 9600.00 9374.01 9455.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01 inc,
      62 words
    • 70 23 Mar 13 (£/tonne) Close Prev Hii ih/Low War 09 1826 1892 1914/1826 Way 09 1861 1878 1895/1858 ul 09 1821 1830 1845/1812 iepO9 1796 1803 1815/1786 IOFFEE (US$/tonne) Close Pev High/Low /lar 09 1539 1528 1523/1523 /lay 09 1549 1530 1577/1514 iUGAR (US tonne) l/hite Close Prev High/Low /lay
      70 words
    • 66 23 Mar 13 KLCE PALM FUTURES (RIV Delivery Opening Month Range M/MT) Sett Av Price Price Hi Vol Open Done Position Low Mar 09 2010 2040 2040 2010 58 343 Apr 09 1991 2022 2022 1977 1389 6340 May 09 1943 1972 1983 1931 ***** ***** JunO9 1902 1930
      66 words
    • 300 23 Mar 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.6750 98.5900 98.5400 98.3900 6426 9177 5593 2558 EUROYEN TIBOR FUTURES MarO9 99.315 99.315 JunO9 SepO9 DecO9 99.430 99.430 Mar10 99.430 99.430 Jun10 Sep10 Dec10 99.315 99.430 99.430 99.315 99.390 99.440 99.445 99.430
      300 words
    • 2416 23 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 6 susp 1 17 156 1.50 41 >036 Advance SCT Ltd W*****9 0.5 1 2088 8.00 17 5092 Asia Environment W*****4 0.5 1 38 250
      2,416 words

  • Page 24 Advertisements
    • 2993 24 SHIPPING TIMES m m%Ji HPI ffCT^BffWWti iff^ffftlßlffil T WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M m A^l[ 15nfi gMlaihfY^rtfMffllll WmM IVTvTVIAIAM UAI I llirr TEL:*****588 (KLINES) FAX:*****163 mW *M mA^^^Km TT^^^^^B BUmM mmrlmwSim I \\\P* 1 WAN HAI INt J FKL TEL: (03> *****55S FAX: (03) *****28S PEN TEL:
      2,993 words

  • Page 25 Advertisements
    • 1455 25 -j^~___*4iH PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA VESSEL VOY SIN I PKG I JEA I BND SIN I NSA I KHI I JED I DAM I MAR I VLC I GOA I MAR~ MLA I EXT I HAM I ANR I LEH SILVER CRAFT AMXII3BW 10/03 17/03
      1,455 words
    • 1254 25 OH EASTERN CAR LINER, LTD UL_™^__l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS l|mjgUJjgjg^ I VOY I Ramp(KT) I Liltinq(KT) I SIN I PKL KUC I LCB I JKT I SUR I MERLIONACE 59 30 12/03 13/03 16/03 I MOUNT AKABOSHI I__ 30 15/03 18/03 I ORIENT IRIS 104
      1,254 words
    • 811 25 WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL I VOY SIN I PKL (IN PORT) I [MB UCT2) I NSA (NSICT) NORDWELLE VNWOIB 17 MAR 18 MAR 23 MAR 26 MAR SCI VIJAY 030W 24 MAR 25 MAR 30 MAR 02 APR
      811 words

  • BIZIT
    • 759 26  -  AMIT ROY CHOUDHURY HP official notes firms looking for returns over shorter time frames By SINGAPORE companies are continuing to spend on information technology (IT) projects that promise to result in more cost efficiencies, according to a senior official of the world's
      759 words
    • 382 26 Bloomberg [SAN FRANCISCO] APPLE Inc, under increasing competition from mobile-phone makers trying to match the success of the iPhone, will give a "sneak peek" of new software for the device this week. An invitation-only event on Tuesday will showcase a software-development kit for
      Bloomberg  -  382 words
    • 422 26 Bloomberg [SAN FRANCISCO] Google Inc, owner of the world's most popular search engine, is releasing software that lets users manage their phone messages via the Web, similar to the way they handle e-mails or online calendars. The program, called Google Voice, takes voice
      – Bloomberg; AP  -  422 words
    • 365 26  -  ZHANG Yl TING By SIEMENS has launched a permanent exhibition site said to be the first of its kind for the company worldwide at the Siemens Centre in Singapore. The 1,485 sq ft City of the Future Exhibition and Solutions Centre is poised to become
      365 words
    • <what's up>
      • 70 26 THE American Chamber of Commerce (AmCham) in Singapore will be holding a panel discussion on regional telecommunications trends for 2009. To be held on March 26 at the American Club, it features industry analysts who will examine the impact of the downturn on the
        70 words
      • 56 26 E-COP has named IT industry veteran Sui Wee Chong as its executive director, to head the security and risk management firm's operations and strategies. Prior to joining e-Cop, Mr Sui was vice-president and general manager of Certis Technology International. He has also worked at Pacific Internet,
        56 words
      • 81 26 RENOWNED info-security education and certification organisation International Information Systems Security Certification Consortium (ISC)2 has appointed the Institute of Systems Science (ISS) as its education affiliate in Singapore. ISS, part of the National University of Singapore, will be offering a series of seminars and exams
        81 words
      • 68 26 US-BASED Triple Point Technology, which develops software for commodity trading and energy companies, has appointed Simon Woods as its Asia-Pacific managing director. Based in Singapore, he will be in charge of growing business in Japan, Korea, Singapore, Malaysia, Indonesia and Australia. Mr Woods was
        68 words
      • 111 26  -  ONG BOON KIAT A MOBILE application that hunts for restaurants and another that lets patients retrieve medical records, developed by GTW Holdings and a consortium comprising KOOPrime and Commerce Hub respectively, were among the quartet of winners in SingTel's inaugural $80,000 i.ChallengeOB competition. The
        111 words
    • 310 26 AFP [AUSTIN] Facebook is letting users of its flourishing social-networking community play together on the road by using Apple's popular iPhone and iPod Touch mobile devices. Facebook senior platform manager Dave Morin revealed the news on Saturday while flanked by an array of hip social software
      AFP  -  310 words
    • 1054 27 Two studies show that there is a high level of interest in this cutting edge technology which can reduce capital expenditure and costs, reports AMIT ROY CHOUDHURY CLOUD computing, which promises to reduce capital expenditure and operational costs, is being examined closely by Singaporean
      1,054 words
    • 537 27  -  WINSTON CHAI By GADGET makers found temporary reprieve from the retail slump over the past four days with sales at the IT Show soaring to a new high of $58.5 million. However, the solace could be shortlived, with consumers likely to hold
      DESMOND FOO/THE STRAITS TIMES  -  537 words
    • <what's new>
      • 66 27 THE HTC Touch Viva, the latest touch-screen phone from the Taiwanese smartphone maker to feature its well-regarded TouchFLO interface, has arrived in Singapore. Aimed at the cost-conscious crowd, such as students, the quad-band Touch Viva comes with a 2.8-inch touch-screen, 2-megapixel camera, microSD memory
        66 words
      • 58 27 COMPUTER bag and accessory maker Targus has a new line of accessories tailor-made for Mac notebook users, comprising Bluetooth and wireless mice, Bluetooth presenter, file-sharing cable, USB hub and laptop cooling mat. They are available at South Asia Computer and Micro Interface at Funan The
        58 words
      • 113 27 THE Motorola FR6B and FR6OOO are the first two mobile computing devices from a new line by Motorola that targets mobile workforces of businesses from retail, healthcare, logistics and other industry verticals. Toughened to survive three-foot drops onto concrete floors, both devices run on the Windows Mobile
        113 words
      • 78 27 NOKIA will be bringing in two more mobile phones that incorporate its "Comes with Music" unlimited song-download service in the third quarter of this year. The 5730 XpressMusic is a slider phone with a full Qwerty keypad, dedicated gaming keys, access to Nokia's N-Gage Arena
        78 words
      • 107 27  -  ONG BOON KIAT SUN Microsystems has incorporated solid state drive (SSD) flash memory technology into a number of its server systems. At prices starting from $2,578, this option is available with the company's x 64, chip multi-threaded (CMT) rack and blade server systems.
        107 words
  • Page 26 Advertisements
    • 68 26 If you need a firm that works as hard as you do, you need speed, you need us. All we do is IT recruitment and a little bit more to delight our clients. 113 IO C Ifyou need IT talent, please contact James: 6225 6722 I L^b I^l I L^a
      68 words

  • Page 27 Advertisements
    • 191 27 Improve performance by up to 50% with Sun Systems for MySQL" Performance m b K^ j Backed by the world-class functionality of Sun's MySQL' Enterprise, Sun Systems for MySQL" xB6 Performance is a powerful combination of innovative servers and software expertise. You'll be able to do more with fewer resources
      191 words
  • Page 27 Miscellaneous