The Business Times, 28 March 2009

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Microfilm: NL29970
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 weekend THE BUSINESS TIMES MARCH 28-29, 2009 WWW.busineSStimeS.COm.Sg Ssl.oo «jp* AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    16 words
  • Article, Illustration
    Lock icon Fast cars, hot tickets and a quick buck
    811 1  -  Nisha Ramchandani Fl season kicks off and someone could try to sell you race tickets that go sour By nishar@sph.com.sg Singapore YOU know the saying, if it's too good to be true, it probably is? That could ring true when purchasing tickets
    FILE PHOTO  -  811 words
  • Article
    Lock icon Cortina thefts may have started last May
    316 1  -  Jamie Lee Ex-supervisor Jerry Ee faces another 11 charges By leejamie@sph.com.sg Singapore FORMER supervisor at Cortina Holdings Jerry Ee had allegedly begun stealing Rolex watches from as early as May last year even though he came under the spotlight only after Christmas Day.
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      195 1 iT B^'z $&r WEEKEND WITH the raffles conversation MOTORING \\}^BW?' Zr i —ffi^-a? V Woffles Wu'scollection of JEFFREYCHEAH OF Latest Merc in a p^,. __.»>■£;■» M^fr^^f naughty figurines I Li_t SUNWAYGROUP 6-7 class of its own |Ln 8"887i8i"3ooooJ BOXED IN PSA posts 46% profit drop Malaise in global trade takes
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        47 2 KL COMP 885.43 -0.04 NIKKEI 225 8,626.97 -9.36 HANG SENG 14,119.50 +10.52 SET 440.81 +1.41 JAKARTA 1,462.74 +42.77 MANILA 2,040.25 +51.99 KOSPI 1,237.51 -6.29 SHENZHEN B 351.48 +3.95 MUMBAI IND 10,048.49 +45.39 1200 NOON EDT Chanpe 1200 NOON EDT Change DOW 7,820.94 -103.62 NASDAQ 1,565.68 -21.32
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      • Article
        Lock icon PRIME RATES
        30 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,53 HONG KONG 5,00 INDONESIA 16,663 TAIWAN 4,826 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,50 SWITZERLAND 0,52 INDIA 12,25 Source: I
        : Bloomberg  -  30 words
      • Article
        Lock icon FOREX
        43 2 US$ 'S$ >er US$; 1.508 ;US$; /S$ 1.442 2.174 EURO(US$/S$/E) 1.356 Foreign currency per US$, S$ 2.044 EN >7.\ a: RM 3.613 2.396 7.750 5.139 BAHT 15.: 1.4: RUPIAH 11,492 7,621 RENMINBI 6.832 4.531 INDIAN RUPEE 50.60 33.55 1.433 0.950 1.744 1.157
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    • Article
      Lock icon PSA full-year profit takes 46% tumble
      484 2  -  Vincent Wee The outlook remains weak, with throughput continuing to slide 19.8% year-on-year in Feb By vincewee@sph.com.sg Singapore INEVITABLY, the malaise in global trade has hit PSA International, the world's second-biggest container terminal operator. Plunging container volume and smaller margins in the last quarter
      484 words
    • Article, Illustration
      Lock icon A bit of Wall Street cheer before the earnings season
      810 3  -  Andrew Marks Beyond that, it's anybody's guess as to how stocks will hold up By btworld@sph.com.sg New York MARCH has been kind to US stocks. The market posted a whopping 12 per cent rise on the month on Thursday after
      AP  -  810 words
    • Article
      Lock icon Feb consumer spending up; earnings slip
      480 3 AP, Reuters LATEST US DATA Consumer confidence gets a boost from govt policy Washington US consumers increased spending for a second straight month in February even though their incomes slipped due to continuing massive layoffs. The Commerce Department reported yesterday that consumer spending edged
      AP, Reuters  -  480 words
    • Article
      Lock icon Tax crackdown brings fear of travelling to Swiss private bankers
      353 4 Reuters Report says some fear they will be detained as countries such as the US and Germany step up measures to fight tax evasion Zurich SWISS private banks are banning their top executives from travelling abroad, even to France and
      Reuters  -  353 words
    • Article, Illustration
      Lock icon Who wins when the lights go out?
      573 4  -  Brittany Khoo Jamie Lee Earth Hour will be marked here by over 500 organisations, but sceptics question the real impact on environmental sustainability AS individuals and corporate Singapore turn off their lights tonight at 8.30 pm to mark Earth Hour, some wonder if
      573 words
    • Article, Illustration
      Lock icon Playing the 'private' card to stay free
      917 5  -  Lee U-Wen Premier League clubs loathe going public as it'd mean losing control over decisions such as buying players at will By leeuwen@sph.com.sg Singapore ONCE there were 10 of them, but now only two remain. Only a pair of clubs in England's Barclays
      REUTERS  -  917 words
  • Page 2 Miscellaneous
    • Miscellaneous
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      77 2 NEWS LIVING Top stories 2-5 Shopping L 2-4 Raffles Conversation 6-7 Entertaining L 5 Week In Review 8 From The Desk Of 9 O^* Companies 10-14 W IA-ir Singapore 15-17 W^mlff^k^wlK^m^S. Letter From Abroad 18 pining L 6-9 World 19-22 Travel LlO-11 Stocks Stats 23-27 Home Garden Ll2-13 Perspective 28-29
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      79 5 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 5 years Total Amount Allotted SGD 800,000,000 Amount Allotted to Non-Competitive Applications SGD 47,677,000 Of which allotted to MAS Nil Total Amount Applied SGD 1,464,317,000 Coupon Rate 3.625% p.a. Cut-off Yield Price 1.43% p.a. and on Allotment 111.966% Average Yield Price 1.34% p.a.
      79 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Learning from experience
      1895 6  -  S Jayasankaran Jeffrey Cheah of Sunway Group is not unduly worried about the current economic crisis because he's been in some pretty uncomfortable financial situations in the past. And survived them all. m—^^ N THE 18th floor f of Sunway Tower M is a balcony runm ning
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    • Article
      Lock icon Raffles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • THIS WEEK
    • Article
      Lock icon Hotels cut room rates as occupancy slides
      42 7 LOWER occupancy has forced hotels including Rendezvous Hotel, Marina mandarain and St Regis to cut room rates. And as consumers tighten their belts, hotels in the three and four star range are expecting a windfall.
      42 words
    • Article
      Lock icon Wall St comes alive on plan to suck out toxic assets
      53 7 WASHINGTON'S toxic asset purchase plan sent Wall Street into powerful rally mode on Monday morning. Under the plan, while the Treasury and private capital will provide equity financing, the FDIC is to guarantee the debt financing issued by the
      53 words
    • Article
      Lock icon 15,000 hate-mail messages a day on AlG's website
      55 7 THE unit that sparked the AIG scandal accounts for just "400 of 120,000" people that the company employs, says one executive, who stressed that the "problem is isolated to one small place". Still, the firm receives "15,000 e-mails a day of hate
      55 words
    • Article
      Lock icon Inflation rate slows more than expected in February
      50 7 SINGAPORE'S inflation rate slowed to a 20-month low in February, when the consumer price index rose just 1.9 per cent year-on-year, compared to its 2.9 per cent gain in January. This was below economists' consensus expectations of a 2.6 per cent rise.
      50 words
    • Article
      Lock icon Geithner effect pulls up Asian markets
      70 7 STOCKS in Asia surged on Tues- day, extending their gains into a second day after the US government unveiled its latest plan to excise the toxic assets that have poisoned confidence in banks from their balance sheets. The Straits Times Index finished 42.26 points
      70 words
    • Article
      Lock icon Geithner wants powers to wind down firms
      83 7 US Treasury Secretary Timothy Geithner told an angry Congress on Tuesday that he needs authority to step in to shut down troubled institutions such as American International Group to avoid future government bailouts. Mr Geithner's call for new authority to take over big
      83 words
    • Article
      Lock icon AIG execs cough up USssom of their bonuses
      73 7 EXECUTIVES with AlG's financial products division have agreed to pay back US$5O million in bonuses amid outcry over the insurance giant's use of taxpayer cash for executive perks, officials said. Fifteen of the top 20 bosses who received big bonus cheques after
      73 words
    • Article
      Lock icon $29.86m accrued bonus over 3 yrs for CapLand CEO
      73 7 CAPITALAND chief executive offic- er Liew Mun Leong was awarded a performance-based bonus of $2.98 million last year, taking the total awarded to $29.86 million for three record profit years from 2006 to 2008. But this does not mean that he
      73 words
    • Article, Illustration
      Lock icon S'pore gets new DPM, first woman minister
      100 7 DEFENCE minister Teo Chee Hean has been promoted to Deputy Prime Minister in Cabinet changes that will also see a woman appointed as a full minister for the first time. Mr Teo, who was introduced as a potential prime minister when he entered
      FILE PHOTO  -  100 words
    • Article
      Lock icon Geithner unveils sweeping overhaul of financial system
      72 7 THE US on Thursday unveiled a far-reaching overhaul of the financial system in an effort to prevent a repeat of the banking crisis that toppled once-mighty institutions and wiped out trillions of dollars in investor wealth. Treasury Secretary Timothy Geithner told lawmakers that
      72 words
    • Article
      Lock icon Muhyiddin to be next Malaysian DPM
      56 7 INTERNATIONAL Trade and Industry Minister Muhyiddin Yassin, 62, is set to become Malaysia's next deputy premier after he trounced challenger Muhammad Muhammad Taib in the race for the deputy presidency of the United Malays National Organisation on Thursday night. By Umno standards, Mr Muhyiddin
      56 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      351 7 SATURDAY with Ludwig CRYPTIC CROSSWORD I across n i |2 i R 1 [5 I [6 I [7 I [i I 7 Force to confess, say (6) Am^m\m\ I Animal hound perhaps? 8 Failure on about delinquent oBk ,fl (6) 1 I fiJ rw 4 Spread contains —^^Bio 13 Characters
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      96 7 NEXT WEEK Mar 30-Apr 3 US DATA March 31 March consumer confidence March Chicago PMI April 1 March employment change Feb construction spending March ISM Index Feb pending home sales Crude inventories March auto sales April 2 Initial job claims Feb factory orders Apr 3 March unemployment rate March non-farm
      96 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Creating a level playing field
      1206 8 Competition in the market place lies at the core of a vibrant economy. But laws must also be in place to protect the competition process from manipulation FROM THE DESK OF Teo Eng Cheong Chief executive Competition Commission of Singapore HE principles of competition are
      1,206 words
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  • COMPANIES
    • Article, Illustration
      Lock icon CEO pushes for a fighting fit Keppel
      548 9  -  Vincent Wee Choo Chiau Beng sets top priority to make the group leaner and stronger By vincewee@sph.com.sg Singapore KEPPEL Corp chief executive officer Choo Chiau Beng has made clear his immediate mission in his maiden annual report as CEO to lead the company
      FILE PHOTO  -  548 words
    • Article
      Lock icon Aztech making electronics biz a new entity in revamp
      382 9  -  Ong Boon Kiat By boonkiat@sph.com.sg Singapore IN a move that will add weight to its mantra of diversification, tech old hand Aztech Systems yesterday announced it is gathering its two-decade-old electronics business and incorporating it as a subsidiary, alongside its budding
      382 words
    • Article
      Lock icon TAC to cut capex in 2009
      329 9 Reuters Bangkok THAI mobile phone operator Total Access Communication PCL (TAC) said that it would curb capital spending this year due to the economic downturn and while it waits for a third-generation (3G) licence. Thailand's No 2 mobile phone operator, listed in both Thailand
      Reuters  -  329 words
    • Article
      Lock icon Noble hires 5 to trade fuel oil globally
      492 10 Reuters Singapore NOBLE Group will start trading physical fuel oil globally for the first time after employing at least five traders, expanding at a time when most such firms are downsizing, industry sources said yesterday. They said the commodity trader's move could
      Reuters  -  492 words
    • Article, Illustration
      Lock icon A matter for concern
      672 10  -  Joyce Hooi CORPORATE FOCUS A look at factors that cast doubts on a company's going-concern status THE global credit crunch has seen more local companies making the headlines because of "going concern" red flags raised by their auditors. What caused some companies to end up in
      STOCKXCHANGE  -  672 words
    • Article
      Lock icon Olam swaps US$21.2m of bonds
      95 11 Bloomberg Singapore OLAM International Ltd, a Singaporebased agricultural commodities supplier, exchanged US$2l.2 million of its one per cent convertible bonds for new securities, helping reduce the company's borrowings. The transaction agreed to on March 23 lowered to US$l9.2 million the principal amount of Olam's one
      Bloomberg  -  95 words
    • Article
      Lock icon More board changes at Advance SCT
      474 11  -  Lynette Khoo Chairman quits over difficulty to discharge duties and acting CEO steps down to focus on other duties By lynkhoo@sph.com.sg Singapore ADVANCE SCT has announced another round of board changes the third within five weeks with Andy Lim resigning as non-executive chairman and
      474 words
    • Article
      Lock icon Strong Q4 lifts profit of Low Keng Huat
      408 12  -  Joyce Hooi Full year profit hits $29.35 million, more than doubling earnings of $13.69 million for preceding year By joyceh@sph.com.sg Singapore GENERAL contractor Low Keng Huat has built up a tidy haul for the full year ended Jan 31, 2009, by posting
      408 words
    • Business briefing
      • Article
        Lock icon MacarthurCook fund gets waiver for breaching covenant
        75 12 MACARTHURCOOK Property Securities Fund has breached an interest coverage ratio covenant under its banking facility after incurring losses on the sale of investments to reduce its debt. However, the fund said that its banker has agreed to provide a waiver for the breach
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      • Article
        Lock icon Fire breaks out at factory, office of Ellipsiz subsidiary
        105 12 ELLIPSE Ltd said a fire broke out at noon yesterday at the factory and office of wholly owned unit Ellipsiz ISP Pte Ltd at Joo Koon Crescent. One employee is under observation for smoke inhalation, but there were no other injuries
        105 words
      • Article
        Lock icon Memory Devices independent director resigns from board
        56 12 MEMORY Devices independent director Phuah Lian Heng, who is also a member of its audit committee, has resigned from its board, citing difficulties in discharging his duties without timely information from management. Earlier this month, its chief financial officer also left, citing stress
        56 words
      • Article
        Lock icon OCBC Bank buys back 28m euros of bonds
        79 12 OCBC Bank has bought back 28 million euros (Sss7 million) worth of bonds paying a coupon of 7.25 per cent per annum and due to mature in 2011. The notes will be cancelled on March 31, leaving 372 million euros worth of
        79 words
    • Article, Illustration
      Lock icon Bank plan spurs strong bear market rally
      526 13  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent LAST weekend's announcement of a supposedly new US bank rescue plan helped trigger a powerful bear market rally this week that was in all likelihood aided by generous amounts of end-of-quarter window-dressing. According to US news reports,
      526 words
    • Article
      Lock icon TOP 20 ACTIVES
      116 13 bartered R 279, !64 4.5 1.5 50.0 :hart SemiCond 114,083 14 3.0 273 iolden ***** 29.5 -0.5 -1.7 :hina Honi 72,039 10.5 0.0 0.( 60,250 0.5 0.0 0.0 Sent Intl 50,657 53 4.0 82 fanlord 34,584 110 7.0 6.8 :harteredR100 33,407 1.0 333 loble Gr[ 30,569 122
      116 words
    • Article
      Lock icon TOP GAINERS
      60 13 CLOSE UP JOB 5.05%NCPS 100 9300 170.0 1.9 >CBCG 5.1%NCPS 100 8810 80.0 0.9 ;txpo ioo 1068 56.0 5.5 iBXT FTChina25 10US$ 2124 45.2 1.4 )CBC Bk 4.5%NCPS 100 8150 30.0 0.4 India Nift\ 10 932 29.0 3.2 :fc .ES.0903 535 24.0 4.7 'enture Cort 517 22.0 4.4
      60 words
    • Article
      Lock icon TOP LOSERS
      51 13 CLOSEDOWN lardine C&C 1170 -64.0 -5.2 iBXTS&P Short 10US: 7778 -63.3 -0.5 IOB.ES.0904 1016 -48.0 -4.5 IOB 1018 -36.0 -3.4 >aiwa FT Shariah Jai 625 -33.2 -3.4 >BSMERePW*****1 23.5 -24.5 -51.0 iLD 10US$ 9190 -24.1 -0.2 IBS Gri 856 -18.0 -2.1 :&N.ES.O9O4 253 -15.0 -5.6 IMH 1874 -12.1
      51 words
    • Article
      Lock icon STI STOCKS
      101 13 2.420 +0.050 ]apitaMall 1.330 -0.110 :if 5.310 +0.020 :omfortDelGro 1.350 ]osco Con 0.840 IBS Grp 8.560 -0.180 :&N 2.580 -0.120 lent Intl 0.530 +0.040 iolden Ai 0.295 -0.005 IK Land 2.290 +0.030 IMH 18.740 -0.080 ISH 10.040 +0.040 lardine C&C 11.700 -0.640 lei Con 5.270 -0.120 IOL 1.180
      101 words
    • Article
      Lock icon China Essence allays loan fears; CEO raises stake
      379 13  -  Michelle Yeo By michyeo@sph.com.sg Singapore AS credibility issues hit some China-based companies listed in Singapore commonly referred to as S-chips China Essence Group stepped in yesterday to shore up confidence in the potato starch products company. In a bid to distance itself
      379 words
    • Article, Illustration
      Lock icon OCBC gives $10k to Budding Artists Fund
      262 13 OCBC Bank's credit cards business will be contributing $10,000 to the Business Times Budding Artists Fund (BT BAF). The iunds will be channelled to the Little Arts Academy (LAA), a BT BAF initiative, to give disadvantaged children the opportunity to develop their artistic
      262 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      1393 11 NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN that pursuant to Section 76(10)(h) of the Companies Act, Chapter SO of Singapore, the following resolutions were duly passed as special resolutions at an extraordinary general meeting of Asia Chemicals Trading Pte. Ltd. (Company Registration Number: *****8590E) (the "Company") deemed to have been duly
      1,393 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      18 11 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      18 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      1364 12 NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN that pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore, the following resolutions were duly passed as special resolutions at an extraordinary general meeting of SP Chemicals Ltd. (Company Registration Number: *****5499R) (the "Company"! deemed to have been duly convened and
      1,364 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Lee Boon Yang thanked for a job well done
      624 14  -  Chuang Peck Ming He made a major contribution and Singapore depends on people like him, PM Lee writes in a thank you letter By peckming@sph.com.sg LEE Boon Yang, who will be retiring as a minister, has made a "major contribution" to
      FILE PHOTO  -  624 words
    • Article
      Lock icon YOG torch to cross 5 continents
      403 14  -  Lee U-Wen By leeuwen@sph.com.sg THE first Youth Olympic Games (YOG) in August next year will have its own international torch journey across five continents before the flame arrives in Singapore. The Olympic flame will be lit in the birthplace of the Games in Greece,
      403 words
    • Article
      Lock icon SMEs likely to lead economies out of downturn
      359 15  -  Zeinab Yusuf In a crisis, SME owners should 'smile and never pay the full price': ACCA official By zeinabs@sph.com.sg IN a downturn, small and medi-um-sized enterprises should do four things keep investing, clear out clutter, be passionate and have fun, and reinforce
      359 words
    • Article, Illustration
      Lock icon Coke light gets a local 'flavour'
      206 15  -  Zhang Yi Ting By zyiting@sph.com.sg HOME-GROWN, London-based fashion designer Ashley Isham has become the first Singaporean to design a Coca-Cola bottle. His design "Jewel in your Hand" will dress more than 100,000 commemorative bottles and over one million cans of Co-ca-Cola light for the
      FILE PHOTO  -  206 words
    • Article
      Lock icon SMU gives unemployed PMETs a leg-up with SMEs
      294 15  -  Liew Aiqing n By aqliew@sph.com.sg SINGAPORE Management University (SMU) yesterday launched a Business Advisers Programme to match unemployed professionals, managers, executives and technicians (PMETs) with small and medium enterprises (SMEs). The programme is aimed at PMETs with at least five years' experience
      294 words
    • Article, Illustration
      Lock icon Collective brand for local retailers launched
      335 16  -  Victor Katheyas Get Singapore aims to boost emotional appeal of homegrown labels By victorpk@sph.com.sg SPRING Singapore yesterday announced the launch of a collective brand Get Singapore to raise awareness of homegrown retail brands among local and foreign consumers. The collective brand an umbrella for
      FILE PHOTO  -  335 words
    • Article
      Lock icon NTUC Income maintains payouts
      162 16 NTUC Income will maintain the yields and payouts of all its life insurance policies maturing or terminating this year. This is made possible by bonus restructuring last year. By lowering annual bonus rates to more sustainable levels and raising special bonus rates to maintain the total
      162 words
    • Article, Illustration
      Lock icon $5,000 Spring angpows for SMEs
      344 16 SMALL and medium enterprises (SMEs) hoping to venture into innovation will be able to get some assistance from Spring Singapore in the form of innovation vouchers. These vouchers are worth $5,000 each and SMEs can redeem them for technology-related services and consultancy at the Centres'
      FILE PHOTO  -  344 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      339 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 UB AM AND Societe d'lnvestissement a Capital Variable im tue hatted nc 18, boulevard Royal, L 2449 LUXEMBOURG HACJOR Bu" D™PTE LTD R.C. Luxembourg N° B 35.412 (In Voluntary Liquidation) Shareholders are invited to attend the Company Registration No. *****6117N ANNUAL
      339 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      299 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEEHIVE TRADING PTE LTD [Company No. *****0891G) (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes of on Extraordinary General Meeting of BEEHIVE TRADING FTE LTD held at 543-12 Senriyomanishi, Suita-Gty, Osaka 565-0851, Japan on the 27th
      299 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Article, Illustration
      Lock icon Cheap beer and challenges aplenty
      707 17  -  Low Yong Kiang WORKING in the transport and logistics company gives me plenty of opportunities to travel the world and meet people from different lands. In my five years in the industry, after working in cities from Copenhagen to Qingdao, none fascinates me as much
      BLOOMBERG  -  707 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      234 17 CITADINES TOKYO SHINJUKU Mj W^} ,-*«j NOW IN THE HEART OF THE CITY. introductory rates 4 > &Jt V\' *^l STARTING FROM VST ---'tttf" CitadinesTokyo Shinjuku is now open! Located within walking distance to the Shinjuku -»vj East area, you can enjoy the convenience of a hotel with the freedom
      234 words
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      Lock icon Page 17 Advertisements Column 2
      11 17 THE ASCOTT GROUP AMemberofCaprtaLand This series is brought toyou by TheAscottGroup
      11 words
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  • WORLD
    • Article, Illustration
      Lock icon Najib's got all that he wanted – or has he?
      537 18  - Najib's got all that he wanted or has he? S Jayasankaran His allies are elected to key posts, but his supporters would have liked more such wins By btworld@sph.com.sg Kuala Lumpur SOME of the headlines yesterday on the elections in the United Malays National Organisation (Umno) may have been a
      AFP  -  537 words
    • Article
      Lock icon Selangor taps Taiwan's expertise
      464 18  -  Pauline Ng By btworld@sph.com.sg Kuala Lumpur MALAYSIA'S most developed state, Selangor, hopes to replicate the success of Taiwan's Tai Chung Science Pack by leveraging on the expertise of the man credited with its success. Taiwanese professor Chen Ming Der has been appointed adviser to the Selangor
      464 words
    • Article
      Lock icon Chinese profits down for first time on record
      315 18 Bloomberg Beijing Chinese industrial companies' profits dropped for the first time on record as the global recession cut demand for exports from the world's third-largest economy. Net income sank 37.3 per cent in the first two months of 2009 from a year
      Bloomberg  -  315 words
    • Article
      Lock icon Li Ka-shing makes upbeat forecast
      470 19 Bloomberg, NYT China will lead global recovery, he says, and tells investors to consider buying stock, property Hong Kong BILLIONAIRE Li Ka-shing, who predicted China's stock-market bubble would burst in 2007, said China will lead a global economic recovery and investors should consider buying shares
      Bloomberg, NYT  -  470 words
    • Article
      Lock icon Japan slips back into deflation as prices slide
      544 19  -  Anthony Rowley By btworld@sph.com.sg Tokyo JAPAN was confirmed yesterday to be back in deflation, a problem which plagued the nation's economy for more than a decade after the collapse of its asset bubble in the early *****. Falling prices are likely to
      544 words
    • Article, Illustration
      Lock icon McEnroe, BofA among those duped in art scam
      291 19 Reuters New York FORMER tennis champion John McEnroe was duped along with Bank of America, investment firms, art owners and collectors in a sophisticated US$BB million art investment scam revealed in New York on Thursday. Art dealer Lawrence Salander, 59, was arrested
      Reuters  -  291 words
    • Article
      Lock icon Gunning for the big-picture financial risks
      528 20 Reuters A rough road lies ahead for US financial regulation reforms Washington THE far-reaching reform of regulations governing US financial markets, proposed by the Obama administration on Thursday, may mark a turning point for the economy, but a long political struggle lies ahead. In
      Reuters  -  528 words
    • Article
      Lock icon Fed officials see glimmer of light
      443 20 Reuters Minneapolis TOP Federal Reserve officials hinted on Thursday that the long US economic downturn could be in its final stages, although the early stages of recovery will likely be far from stellar. Meanwhile, policy-makers showed a split on whether the Fed's current stance
      Reuters  -  443 words
    • Article, Illustration
      Lock icon Breguet watches selling like not cakes in the US
      413 20 Bloomberg Zurich BREGUET diamond-encrusted "double tourbillon" watches that cost about 800,000 Swiss francs are selling within days of their delivery to the US in a sign demand for the most-expensive luxury goods still exists. "We're selling very many of them," Swatch
      Bloomberg; REUTERS  -  413 words
    • Article, Illustration
      Lock icon US, EU to push for new rules
      715 21 Reuters They have set out agendas for financial regulation reform going into the April 2 G2O summit London The United States and the European Union have set out their agendas for financial regulation reform and they look remarkably similar going into an April
      Reuters  -  715 words
    • Article
      Lock icon AIG asks 2 execs to stay back to prevent defaults
      404 21 Bloomberg, AP Charlotte, North Carolina AMERICAN International Group is asking two managers at its French unit to stay on temporarily to prevent the technical default of more than US$234 billion of credit default swaps after they resigned. The top managers
      Bloomberg, AP  -  404 words
    • Article
      Lock icon A window of opportunity for US tax evaders
      170 21 AP New York THE US tax authorities, under pressure to bring in money to the faltering American economy, plan to give offshore tax evaders a big break. The Internal Revenue Service (IRS) announced on Thursday a plan that lowers a penalty levied
      AP  -  170 words
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  • SGX
    • Article
      Lock icon Untitled
      8602 22 Transaction date: Mar 27 SZ-wks Tel ligh Low Code Company Last Sale Vol (■000) Day Last Quote High Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil I 3 3148 8Telecom 1 2.5 5834 A-Sonic 10.5 12 5000 ABR Hldgs 8 6 1938 AEI Corp 1.5 1 1100
      8,602 words
    • Article
      Lock icon SGX CATALIST
      1509 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181 s AAGrp \2 13 8538 t APStrategic 0.5 1501 s Advanced System 4 2 3480 t Adventus 19.5 10.5 3518 s Afor 9 2 1524 s Alantac ?0 3.5 7814 s Albedo
      1,509 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      50 25 Up Down Unch 4 5 7 Up Down Unch OOP Up Down Unch 4 5 7 lulti Ind lanui Factuffry .ommerce ■inance .onst ;rud ;ion Tot jerties tote I ists >ervices led i as/ teter linin; larr Active counters with no volume for todai are not included
      50 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      173 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
      173 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      830 25 For week beginning Mar 23 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) itock Adventus Hldgs 26-Mar-09 Fortensa Special Opp Ltd China Enersave Ltd 25-Mar-09 Energy Cap Partners Ltd China Enersave Ltd 25-Mar-09 Tan
      830 words
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 26 YTD change: -0.90% 52-week high: 3,269.88 on May 5,2008 52-week low: 1,455.47 on March 10,2009 Source: Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 26 YTD change:-1.86% 52-week high: 26,387.30 on May 5,2008 52-week low: 10,676.20 on Oct 27,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        26 26 YTD change:-9.71% 52-week high: 13,136.60 on May 19,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: E Bloomberg
        Bloomberg  -  26 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        365 26 Mar 26 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 624.6 0.9 -7.9 0.7 -4.9 0.7 -9.2 EAFE Preliminai 597.7 0.7 -7.9 0.4 -6.6 0.5 -10.8 Euroi Preliminai 815.7 0.5 -10.5 0.3 -7.9 0.3 -12.1 Pacific 523.6
        365 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        147 26 Mar 2^ Again: lurrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.0518 Offer Against Bid Offer 1.0529 0.6976 0.6981 :anadian dollar 1.2258 1.2268 0.8130 0.8134 iuro 2.0435 2.0448 1.3554 1.3558 IZ dollar 0.8639 0.8651 0.5730 0.5736 jterlini 2.1730 2.1744 1.4413 1.4417 IS dollar 1.5077
        147 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        20 26 YTD change:+3o.4l% 52-week high: 3,786.02 on May 6,2008 52-week low: 1,664.92 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Nikkei 225
        18 26 YTD change:-2.63% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  18 words
      • Article
        Lock icon LIFFE
        67 26 Mar 2b|| :OCOA (£/tonne) Close Prev Hij ILow >r1ay09 1902 1920 1926/1899 lul 09 1873 1890 1896/1869 Sep 09 1850 1867 1872/1847 .ec09 1826 1834 1845/1825 :OFFEE (US$/tonne) Close Pev High/Low 1ar09 1557 1553 1563/1560 lay 09 1572 1569 1596/1565 UGAR (US tonne) /hite Close Prev High/Low lay 09
        67 words
      • Article
        Lock icon CHICAGO BQT
        104 26 Mar2i\ SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 09 944.00 951.00 962.00 941.00 Jul 09 940.50 946.00 956.25 937.50 Aug 09 924.00 927.00 935.00 922.25 Sep 09 893.00 895.00 901.50 892.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low May 09 33.60 33.37 33.80 32.94
        104 words
      • Article
        Lock icon OIL
        77 26 Mar 26| :rude ISS/barrel (FOB origin) Close Change Irent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 52.76 0.42 54.04 1.43 50.69 0.33 54.85 0.40 53.80 0.40 •RODUCT ISS/barrel (FOB S'pore) Close Change lore' \l aphtha let Kerosene 50.77 0.27 63.00 0.50 JSS/barrel )pec Oil
        77 words
      • Article
        Lock icon METALS
        69 26 Mar2/\ (us; loz)_ Mar 27 Mar 26 -long Kong 929.30 931.10 930.30 932.10 Mar 26 Mar 25 .ondon 940.20 929.00 941.40 930.20 Source: Thomson Reuters ilLVER Selling Buying >assbook 1 oz 20.51 20.27 Source: UOB >LATINUM Lon (US$/oz) Mar 26 Close Previous 'M Fix 1152.*****2.0C .MFix 1144.*****3.0C Source: Thomson
        69 words
      • Article
        Lock icon PALM OIL
        66 26 Mar 27| KLCE PALM FUTURES (RMj )elivery Opening Sett 4onth Range Price riMT) Av Price Low Vol Done Open Position m \pr09 vlay 09 lun 09 lul 09 2120 2045 2030 2011 2112 2124 2050 2064 1990 2035 1997 2012 2100 2027 1990 1965 130 1841 1039 *****
        66 words
      • Article
        Lock icon LONDON METALS
        66 26 Mar 2(\ Uuminium, 99.7^ mrity (US$/tonne; Close Previous .ash months .opper, Grade A 1404.75 1443.00 1378.50 1417.00 ;uS$/Lonne) lash J months .ead (US$/tonne; 4046.25 4085.00 3924.25 3965.00 .ash months 1307.00 1321.00 1280.50 1294.00 lid /tonne'; lose 'revious .ash months "in (US$/tonne; 9633.00 9725.00 9507.0( 9600.0( .ash months *****.00
        66 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Dissecting the Geithner plan
      1731 27  -  Vikram Khanna While the jury is still out on the latest plan to rescue the ailing US financial system, here is a look at its pros and cons. WHILE the stock markets have reacted positively to the Geithner plan to clean up US bank balance sheets
      AFP  -  1,731 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon A gold mine in distressed Asian assets
        831 28 Reuters Potential investment bargains include US$5OO-900 billion in Chinese non-performing loans and assets at small family-run businesses facing trouble Hong Kong FROM Chinese non-per-forming loans to property developers' debt, distressed assets are piling up in Asia and some investors expect a fire sale
        Reuters; REUTERS  -  831 words
      • Article
        Lock icon brokers' take
        793 28  -  Conrad Tan City Developments Hold OCBC Investment Research Mar 27 close: $5.31 STILL a gem among peers. At the end of Q4 2008, City Developments (CDL) had $775.9 million in cash and total borrowings of $4,146.7 million, which translate to a net gearing ratio of 0.48 x. If
        793 words
      • Article, Illustration
        Lock icon The importance of zero-basing your financial plan
        1192 29  -  Roy Varghese WEALTH INSIGHTS The time has come for every single family to redraw their strategies, taking into account current assets and liabilities and expected cash flow in the near term Director, financial planning practice, ipac Singapore RECENT survey by the largest US
        1,192 words
      • Article, Illustration
        Lock icon Looks can be deceptive, so beware
        1318 30  -  Teh Hooi Ling SHOW ME THE MONEY There are several signs to look out for while evaluating a company's corporate governance risks hooiling@sph.com.sg Senior correspondent RIENTAL Century, China Sun i Bio-Chem, FibreI Chem, Satyam, I Gome. The list goes on. But before things came
        1,318 words
      • Article, Illustration
        Lock icon Rising trading costs in Asia a nagging worry for funds
        875 31 Reuters Some money managers say redemptions could slow in coming months but many wonder if volumes will really pick up with so much uncertainty about the outlook Hong Kong LIQUIDITY has improved and volatility subsided in Asian stock markets but
        Reuters; REUTERS  -  875 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Property auction sales up in Q1
        960 33  -  Kalpana Rashiwala More mortgagee properties going on the block, with trend seen deepening. SOME $18 million worth of properties was transacted at auctions in the first quarter of this year, more than three times the $5.4 million notched up in the preceding quarter and
        960 words
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  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      773 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF I PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 2 The Daffodil Apt 11/03/2009 FH 743 550 740 NON-LANDED TheSummit Apt 10/03/2009 FH 1668 1150 689 Craig Place Apt 10/03/2009 99
      773 words
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  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      91 34 <->7y<-rte> cU^txY A/tfT F^Sb f> 1' t*^ i atAi^e pcs fid cUd LSOMHtt TtUlftC I J I l v jfe £w>nW^ tfl rtlAt bvhUr **<* I** I 1 1 tarutts, L 1 J I 1 IS7£-hhCi«4 tXAcHy ia I aW \"j| rf/lkst. i> fir.fccf"fU^_ Y^t I __.^y/ /^A,-?,; ,7*^ >Wk
      91 words
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  • Living
    • SHOPPING
      • Article, Illustration
        Lock icon STUFFED SHIRT NO MORE
        1148 35  -  Melissa Lwee Singapore men are shedding their boring, staid image for a dressier and more stvlish one. GONE are the days when men were considered second class citizens in the world of shopping. Not when the humble office shirt more a uniform than an expression of
        1,148 words
      • Article, Illustration
        Lock icon Best in shirts
        369 35  -  Melissa Lwee A round-up of where men can find the best shirts in Singapore. Thomas Pink #01-09 Capital Tower Takashimaya Level 3 BEST known for its traditionally tailored shirts but with a contemporary touch, Thomas Pink is the answer to any modern man looking for something fashionable
        369 words
      • Article, Illustration
        Lock icon A good match
        644 36  -  Melissa Lwee THOSE who grew up from the 50s to the 90s will remember Singapore's answer to well-made shirts and suits then Melwani's Men's Shop. Boasting an impressive range of cuts and fabrics from European suit giants such as Ermenegildo Zegna and Hugo Boss, the now defunct
        644 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon When it pays to beat about the bush
        1169 37  -  Audrey Phoon guest chef To spice up your food with fresh flavours, try venturing into the bushlands of New Zealand for inspiration. MOST people wouldn't be able to tell a tamarillo from an armadillo, or a bite of piko piko from a
        YEN MENG Jlll\  -  1,169 words
    • DINING
      • Article, Illustration
        Lock icon Glad to be green
        1404 38  -  Audrey Phoon To mark Earth Hour, which is being observed around the world today, we catch up with three individuals who are hoping to make a difference with their sustainable, eco-friendly food businesses The Organic Baker (www.theorganicbaker.com) S 6749-9077 THOUSANDS of years before instant yeast liberated
        YEN MENG JIIN; FILE PHOTO  -  1,404 words
      • Article, Illustration
        Lock icon Fresh from the mountains
        827 38  -  Cheah Ui-Hoon Organic Himalayan produce (cynthiahoefer@mac.com) CYNTHIA Wee-Hoefer and her husband, Hans, is right in front of the "plant your own vegetables" movement. But instead of a vegetable patch in their garden, the plot is 3,500 km away and about I,Boom high in the Himalayan mountains.
        827 words
      • Article, Illustration
        Lock icon Guilt-free pleasures
        1413 39  -  Jaime Ee Audrey Phoon Cheah Ui-Hoon A meatless restaurant, low-carb pizza and sugar-free chocolates things are looking up for all those with a less-is-more approach to food Our kitchen is non-violent,' quips Phyllis Ong of Naive restaurant, and not cooking meat seems to have eased the temper of
        YEN MENG JIIN  -  1,413 words
    • Article, Illustration
      Lock icon Riding the wine frontier
      1468 40  -  Clarissa Tan Venture beyond Napa and Sonoma, and head for the Central Coast and Santa Cruz Mountains of California, where you will find good wines, great stories and a strong cast of characters. WINEMAKERS like to refer to terroir, the elements of the soil and the
      STEPHAN VINEYARDS; CLARISSA TAN; RIDGE VINEYARDS; GALANTE VINEYARDS  -  1,468 words
    • Article, Illustration
      Lock icon Talking up merlot
      468 40 IN 2004, a film called Sideways became the sleeper hit of the year. In it, two men called Miles and Jack drive across the wine region of California, with a memorable scene involving the oenophile Miles praising pinot noir and dissing merlot. After the movie, it was
      THE HITCHING POST  -  468 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon PLAYING WITH SPACE
        984 41  -  Cheah Ui-Hoon personal space Belinda Chua and her interior designer combine textures and floor-to-ceiling mirrors to createa^^u^c^^^e^^^^^^ up in the air.^M m m m HITE and huge lightW m% m ing fixtures domiM m m nate this penthouse M m m apartment, with the m m homeowner
        PHOTOS BY JOHN HENG I  -  984 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Conversation pieces
        1040 42  -  Amanda de Guzman Eminent plastic surgeon Woffles Wu is well-known for his gregarious personality, celebrity clients, and his skill at beautifying the human form. Now, he's about to give everyone something else to talk about. WEEKEND WITH WOFFLES WU PLASTIC SURGEON IF YOU want to get on Woffles
        JOHN HENG  -  1,040 words
    • HEALTH
      • Article, Illustration
        Lock icon Giving sight to the blind
        676 43  -  Melissa Heng A complicated two-stage medical procedure called tooth-in-eye surgery has given 25 patients the ability to see. SINGAPORE'S top eye surgeon Donald Tan has given 25 blind patients new sight, thanks to a complicated medical procedure called Osteo-Odonto-Keratoprosthesis, or simply, tooth-in-eye. "Tooth-in-eye surgery is
        ASHLEIGH SIM^HE STRAITS TIMES  -  676 words
      • Article
        Lock icon The bottom line on prostate studies
        473 43 NYT New York LAST week, two major studies from the United States and Europe found that PSA testing the annual blood test used to screen men for prostate cancer saves few if any lives, while exposing patients to aggressive and unnecessary treatments that can
        NYT  -  473 words
    • SPORT
      • Article, Illustration
        Lock icon Life is short, thou shall not quit
        828 44  -  Chen Ka-thie no holds barred chenk@sph.com.sg JADE GOODY'S recent passing reminded me once again that life is indeed short. It had me relooking my bucket list. In the past, no matter how many times I amended the list, learning to dive was always
        828 words
    • GOLF
      • Article, Illustration
        Lock icon Hunting for bargains
        1257 45  -  Justine Moss Interest in discounted equipment may be high in the current economic context, but a turnaround for the golf retail market is still some distance away. THE economy may be in the pits but consumers are still willing to part with their hard-earned money if the
        1,257 words
    • MOTORING
      • Article, Illustration
        Lock icon A safer sweeter drive
        634 46  -  Samuel Ee The new ninth-generation E-Class is being unveiled with a plethora of safety and comfort innovations. By AS with previous models, the new, ninth-genera-tion Mercedes-Benz E-Class is being unveiled with a host of safety and comfort innovations. The following are some of the new technologies
        634 words
      • Article, Illustration
        Lock icon A class of its own
        805 47  -  Samuel Ee The latest Mercedes-Benz E-Class has raised the bar so high that it is making the competition look old and tired. YOU can always count on a new Merc to set a new standard, but the latest E-Class has raised the bar so high,
        805 words
      • Article, Illustration
        Lock icon THE NUMBERS GAME
        603 48  -  Samuel Ee fl watch The lead-up to the season's opening race has been beset with an assortment of woes. AN important decision is taken at the highest level which will affect everyone concerned, and an important announcement is made. Only to be reversed in a matter of
        AFP  -  603 words
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  • Page 44 Advertisements
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      Lock icon Page 44 Advertisements Column 1
      732 44 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Marina Mandarin Singapore 2_ 6826-8240 Level 35, Orchard Wing and Le Jardin dcs Sens in Montpellier, this 6 Raffles Boulevard, Marina Square Chocolate lovers will be spoilt for choice Meritus Mandarin Singapore former right-hand man
      732 words
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