The Business Times, 4 April 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL29988
Total Pages: 49
1 49 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg APRIL 4-5, 2009 Ssl.oo I SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 198/08/2008
    19 words
  • Article
    Lock icon Risks and S-chips on SGX's mind
    797 1  -  Chew Xiang It says it's acutely aware of risks presented by companies operating in foreign countries By xchew@sph.com.sg Singapore tween companies that are adversely affected by the current crisis and those that resort to fraud and that this should apply no matter where a
    797 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      130 1 ,9 M "TJ WEEKEND WITH /-^hS**- o*-^"0 MOTORING Jr^& WEEKEND WITH jfafr^*^ MOTORING WEALTH Tony Fern and es |L 9 of Golf Ll9 multi-level marketing 32-33 MORE VROOM High-end sports car snapped up Ten people have placed orders for the latest Lamborghini at $1,558 million each. And most are current
      130 words
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      23 1 V k JP Morgan's chairman and CEO for m Asia-Pacific, Gaby Abdelnour, on how the B^^Kl. ■kT*^ crisis is changing the banking landscape
      23 words
Page thumbnail Page 2
  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        47 2 KL COMP 907.01 +1.94 NIKKEI 225 8,749.84 +30.06 HANG SENG 14,545.69 +23.72 SET 446.04 +3.08 IAKARTA 1,500.36 +0.63 MANILA 2,028.59 +45.71 KOSPI 1,283.75 +6.78 SHENZHEN B 356.08 -0.77 MUMBAI IND 10,348.83 +446.84 12 NOON EDT Chanpe 12 NOON EDT Change DOW 7,961.99 -16.09 NASDAQ 1,604.95 +2.32
        47 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,71 HONG KONG 5,00 INDONESIA 16,670 TAIWAN 4,826 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,50 SWITZERLAND 052 INDIA 12.25 Soura
        ■: Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        40 2 US$ (S$ per US$) 1.504 £(US$/S$ per£) 1.470 2.211 EURO(US$/S$/E) 1.343 Foreign currency per US$, S$ 2.021 YEN 99.90 66.40 RM 3.583 2.382 7.750 5.152 BAHT 35.40 23.53 RUPIAH 11,480 7,631 RENMINBI 4.544 INDIAN RUPEE 1.41 nz: 1.71 1.1
        40 words
    • Article, Illustration
      Lock icon Coming back for more vroom
      589 2  -  Samuel Ec Drawn by the allure, very high-end sports cars are seeing repeat buyers in Singapore By samuelee@sph.com.sg Singapore RECESSION or no, the lure of a sports car is too strong for some people to resist, especially when a limited edition model is dangled in
      589 words
    • Article, Illustration
      Lock icon StarHub lands second NBN tender
      697 3  -  Winston Chai By winstonc@sph.com.sg Singapore Star Hub will pump in $100 million over the next few years to set up its new Internet unit. The amount will be funded from Star Hub's cash stockpile and there is no need to raise funds for the project,
      697 words
    • Article
      Lock icon Bear market rally or the real McCoy?
      681 4  -  Andrew Marks Wall Street may be saying something when yesterday's 8.5% jobless number doesn't seem to faze it By, btworld@sph.com.sg New York IS the bear market dead? The trading action of the last few days has led several US stock market strategists to
      681 words
    • Article
      Lock icon Emerging markets to gain most from G-20 move
      438 4  -  Neil Behrmann By l_ j__ btworld@sph.com.sg London EMERGING markets, especially struggling Eastern European nations, are expected to benefit most from the G-20 summit. The most significant move, as part of a plan to allocate US$l.l trillion to boost the depressed global economy,
      438 words
    • Article, Illustration
      Lock icon Nations snap back over tax haven label
      419 4 AFP Zurich THE Organisation for Economic Co-operation and Development on Thursday named those tax havens it said had not made any commitment to respecting international standards on exchanging tax information. But some countries named dispute the designation while others vowed to clear their
      AFP  -  419 words
    • Article, Illustration
      Lock icon PM Najib sets 13 political detainees free
      570 5  -  S Jayasankaran Malaysia's sixth prime minister also lifts ban on two opposition newspapers By btworld@sph.com.sg Kuala Lumpur NAJIB Razak was sworn in as Malaysia's sixth Prime Minister yesterday morning before the country's King Tengku Mizan Zainal Abidin. Mr Najib, 55, replaces Abdullah Ahmad
      AFP  -  570 words
    • Article, Illustration
      Lock icon PM Lee, ministers send congratulations
      368 5 Singapore PRIME Minister Lee Hsien Loong and other senior cabinet ministers yesterday sent their congratulations to Malaysia's new prime minister, Najib Razak. In his letter, PM Lee said: "You have served Malaysia for many years before becoming Prime Minister. I am confident that Malaysia will
      AP  -  368 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      64 2 NEWS LIVING Top stories 2-5 Shopping L2-4 Raffles Conversation 6,7 Entertaining Ls_ Week In Review 8 Dining L6,7 The CEO Column 9 Gadgets L8 Companies 10-14 Weekend With L9 Singapore T5-T7 I !V >1 Letter From Abroad 18 J Stocks Stats 24-28 Perspective 30,31 Home Garden Llo,n Wealth 32,33 Travel
      64 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      60 3 i i^~ I —-^^z T i^^^B *^~~r^= Bf?M 1 I T :i Q^^^ Head Office: 10 Fourth Lok Yang Road Singapore *****7 \^mr*m*^/ City Showroom: 390 A Havelock Road HOI 06/08 Waterfront Plaza Singapore *****4 \9s Showroom hours: Monday Friday: 10am to 7pm, Saturday, Sunday and Public Holiday: 10am to
      60 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Through a jankers looking glass
      2144 6  -  Vikram Khanna JP Morgan's chairman and CEO for Asia-Pacific, Gaby Abdelnour, talks about how the crisis is changing the banking landscape. By g^^^ I^^T" HEN you go out socially fl these days, if you tell peo- pie you're a banker, you get lectured," jokes Gaby
      ARTHUR LEE  -  2,144 words
    • 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
Page thumbnail Page 7
  • WEEK IN REVIEW/WEEK AHEAD
    • this week | March 30-April 3, 2009
      • Article
        Lock icon SGX remains keen on Chinese firms
        36 7 THE Singapore Exchange is still keen to attract Chinese listings, despite the massive blow dealt to the reputation of S-chips by a slew of accounting scandals and corporate governance failures.
        36 words
      • Article
        Lock icon Major rigbuilders brace for a difficult year
        49 7 AS the first quarter draws to a close, it will be the second quarter in a row that the major rigbuilders have gone without a single significant newbuild order, starkly hitting home the reality that an industry lull has definitely set in.
        49 words
      • Article
        Lock icon CIMB offers unpaid leave to 36,000 staffers
        36 7 IN a sign of the times, CIMB, Malaysia's largest investment bank, has asked its 36,000 employees in eight countries, including Singapore, to consider taking 1-6 months of unpaid leave.
        36 words
      • Article
        Lock icon Cabinet changes to take S'pore forward: PM
        63 7 PRIME Minister Lee Hsien Loong said on Monday that the Cabinet reshuffle last week "is another step in the long process of self-re-newal". It is a move towards putting in place the core of a fourth-generation leadership that Singaporeans and investors want to
        63 words
      • Article
        Lock icon GM, Chrysler get ultimatum: revamp or bust
        45 7 US President Barack Obama said on Monday that General Motors Corp and Chrysler have one last, limited chance to "fundamentally restructure" and that the government was prepared to let them slide into structured bankruptcy if their plans fail.
        45 words
      • Article
        Lock icon SPH launches new logo to signal future direction
        51 7 SINGAPORE Press Holdings launched on Monday a new corporate logo to mark the start of its 25th anniversary celebrations. "With SPH moving beyond print, it is time to rebrand ourselves to better represent our current portfolio and future direction," said chairman Tony
        51 words
      • Article
        Lock icon French curbs on exec rewards at bailout firms
        37 7 FRENCH Prime Minister Francois Fillon announced a decree on Monday banning stock options and limiting executive bonuses at companies that receive government bailout money, in response to public outcry.
        37 words
      • Article
        Lock icon Global economy stares at first contraction on record
        41 7 GLOBAL gross domestic product is likely to shrink 1.7 per cent this year the first fall on record and even a modest recovery in 2010 is uncertain, the World Bank said on Tuesday.
        41 words
      • Article, Illustration
        Lock icon Private home prices in double-digit dive
        99 7 PRIVATE home prices plunged 13.8 per cent in the first three months of this year a record quarterly drop as developers and other market players slashed their expectations. It was the third quarterly fall in prices and much steeper than the 6.1 per cent
        REUTERS  -  99 words
      • Article
        Lock icon SIA buckles down to shorter work month
        56 7 SINGAPORE Airlines is gearing up for the effects of capacity cuts in its current financial year. It is implementing, with immediate effect, a shorter work month for senior management, a scheme that will be extended to other managers as well as ground staff
        56 words
      • Article
        Lock icon Japan business confidence hits record low
        42 7 BUSINESS confidence in Japan collapsed at the fastest pace on record and to a record low in March, the Bank of Japan said Wednesday. But some analysts said the latest "Tankan" survey could mark the trough.
        42 words
      • Article
        Lock icon Court quashes en bloc sale of Horizon Towers
        64 7 THE minority owners of Horizon Towers have finally won the fight to block the $500 million collective sale of the development. Overturn- ing rulings by the High Court and STB, the Court of Appeal found that the sales committee did not fulfil
        64 words
      • Article
        Lock icon G-20 strikes US$l trillion deal to roll back recession
        48 7 WORLD leaders agreed to a tril-lion-dollar deal on Thursday to combat the deepest economic downturn since the Great Depression. The Group of 20 leaders called for stricter limits on hedge funds, executive pay, credit-rating companies and risk-taking by banks.
        48 words
      • Article
        Lock icon STI skyrockets 6% on recovery hopes
        42 7 AN improvement in US economic numbers ignited hopes on Thursday that a recovery could be taking shape and sent the Straits Times Index up 101.08 points, or 5.9 per cent, to a three-month high of 1,803.34.
        42 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      177 7 CRYPTIC CROSSWORD 1 Commanding US soldiers in l__^l__^l__^l__^l__l g Protection for boxer? (6) 13 Hold criminal one in —^^J —^H not here (7) 14 Turns over flash car (5) u\ I lio pel exclusive (7) (5) —MM MM MMMMHM MM MM—HI— French braid (5) 24 Proceeding one's taking __PP PP
      177 words
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      104 7 NEXT WEEK April 6-10,2009 US DATA April 7 Feb consumer credit April 8 Feb wholesale inventories Crude inventories April 9 Feb trade balance March export/import prices Initial job claims SINGAPORE DATA April 7 March international reserves EVENTS April 6 Bank of Japan starts two-day monetary policy meeting April 7 Reserve
      104 words
Page thumbnail Page 8
  • FROM THE DESK OF
    • Article, Illustration
      Lock icon A woman's guide to having it all
      1107 8 FROM THE DESK OF Melisa Quijano President, Nu Skin Enterprises, South East Asia "^^T* OWADAYS, women don't have to act like men to be worthy of the boardroom. Many a time, women think that they need to act like men to be noticed.
      1,107 words
Page thumbnail Page 9
  • COMPANIES
    • Article, Illustration
      Lock icon Firms weigh cost, convenience for AGMs
      620 9  -  Michelle Yeo Zhang Vi Ting CORPORATE FOCUS But not all shareholders appreciate the cost-cutting efforts. By COMPANIES are leaving no stone unturned when it comes to cutting costs. They now look to alternative locations for their annual general meetings (AGM) as a means to
      FILE PHOTO  -  620 words
    • Article, Illustration
      Lock icon Creative expects Q3 revenue to plummet to US$Bom
      291 9  -  Ong Boon Kiat The company says that it has continued its efforts to reduce operating costs By boonkiat@sph.com.sg Singapore CREATIVE Technology yesterday said it expects revenue for its FY2009 third quarter to come to about US$BO million a sharp fall from the
      BLOOMBERG  -  291 words
    • Article
      Lock icon SIA seeking shorter work month for pilots: union
      471 10  -  Nisha Ramchandani 3 days unpaid leave per month for captains; 4 for first officers By nishar@sph.com.sg Singapore SINGAPORE Airlines (SIA) has proposed a shorter work month for pilots with captains taking three days of no-pay leave per month and first officers taking
      471 words
    • Article
      Lock icon AusGroup wins A$l20m contract
      104 10 Singapore ENERGY and resources specialist AusGroup has won an Asl2o million (Ssl2B million) contract as part of a liquefied natural gas (LNG) project in Western Australia, bringing its order book to A 5264 million. This contract, secured through AusGroup's subsidiary AGC Industries, was awarded by a
      104 words
    • Article, Illustration
      Lock icon Fear of being left out replaces fear of loss
      968 11  -  R Sivanithy STOCKS Investors appear to have missed the absurd logic behind the view that once credit starts to flow again all will be well sivan@sph.com.sg Senior correspondent AS BEAR rallies go, this one certainly has been impressive for the week,
      968 words
    • Article, Illustration
      Lock icon Fund manager may inject US$15m into Oceanus
      263 11  -  Michelle Yeo By michyeo@sph.com.sg Singapore MARINE aquaculture specialist Oceanus Group has announced a proposed loan investment of between US$l2 million and US$l5 million in the group by a fund manager. Oceanus said it has entered into a conditional term sheet yesterday with Hupomone
      263 words
    • Article
      Lock icon Noble not giving up bid for Gloucester
      381 12  -  Oh Boon Ping This despite Gloucester violating a condition of the offer By huwenbin@sph.com.sg Singapore COMMODITY trader Noble Group is adamant in its bid to take over Australia's Gloucester Coal, saying it will not terminate its offer despite the mining company breaching a
      381 words
    • Article, Illustration
      Lock icon ST Kinetics opens Übi service centre
      244 12 Singapore SINGAPORE Technologies (ST) Kinetics' automotive services division, Star Automotive Centre, has opened a fully equipped mega service centre in the heart of the Übi automotive cluster at 5 Übi Close. The centre enables the motoring public and trade partners in the eastern part
      244 words
    • Article, Illustration
      Lock icon MAS issues new fair dealing rules for Fls
      416 13  -  Siow Li Sen Financial institutions have to relook commission-based model, freebies strategies under guidelines By lisen@sph.com.sg Singapore FINANCIAL institutions (Fls) will have to rethink their commis-sion-based structures and freebies strategies to customers under new tough fair dealing guidelines. And to make sure
      416 words
    • Article
      Lock icon More listed companies come under auditors' focus
      334 13  -  Jessica Yeo By yeojess@sph.com.sg Singapore AUDITORS have raised concerns over more listed companies, with the latest focus falling on firms such as Firstlink Investments Corporation, KXD Digital Entertainment and ASA Group. Baker Tilly TFWLCL issued a qualified opinion on Firstlink Investment's financial statements
      334 words
    • Article
      Lock icon Asian companies buying back bonds
      279 13 Reuters Hong Kong ASIAN companies are slowly starting to buy back bonds to strengthen their balance sheets, focusing on cheap convertible issues before committing precious cash to purchases of regular debt. While many firms are playing it safe in a world where credit is hard
      Reuters  -  279 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1338 10 _L^| V*>/ -L J-^^ _Lj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg ALLGREEN PROPERTIES LIMITED Company Registration No.: *****1009N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING IN THE MATTER OF NOTICE IS HEREBY GIVEN that the 23rd Annual General Meeting of Allgreen Properties Limited will be
      1,338 words
Page thumbnail Page 11
  • Page 11 Advertisements
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      2318 12 iba ENERGY RAMBA ENERGY LIMITED [Company Registration No. *****1668R) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ramba Energy Limited {"the Company") will be held at 11 Bedok North Aye 4, Rich Land Business Centre #05-01, Singapore *****9 on Thursday,
      2,318 words
Page thumbnail Page 13
Page thumbnail Page 14
  • SINGAPORE
    • Article, Illustration
      Lock icon Finding greener ways to light up the Fl circuit
      313 14  -  Nisha Ramchandani Italian firm plans to set up centre here to test new sources to power the track lights By nishar@sph.com.sg THE man who lit up Singapore's Formula One Grand Prix is working on another bright idea. Valerio Maioli's Motor Sports
      FILE PHOTO  -  313 words
    • Article
      Lock icon Trust in government extends to websites
      258 14  -  Liew Aiqing By aqliew@sph.com.sg WHEN it comes to e-government websites, usage rests more on trust in the government than trust in the technology, according to an empirical study conducted by two academics and an analyst. An e-government website is thus a proxy for the
      258 words
    • Article
      Lock icon A'Star partners Swiss biotech firm to fight HFMD
      204 14 ANXIOUS parents of young children can now hope for better treatment for the highly infectious hand, foot and mouth disease (HFMD). A*Star's Singapore Immunology Network (Sign) and Swiss company Cytos Biotechnology (Cytos) will collaborate to develop fully human monoclonal antibodies derived completely
      204 words
    • Article
      Lock icon Tiger to fly Sydney-Melbourne from July
      172 14 TIGER Airways will start flying between the Australian cities of Melbourne and Sydney on July 3, up to four times daily. The service is in response to public demand, said Tiger Airways (Australia) managing director Shelley Roberts. "Melbourne-Sydney is one of the most popular
      172 words
    • Article
      Lock icon Cleaning up the cleaning industry
      209 14 THE cleaning industry faces a clean-up aimed at weeding out fly-by-night operators and absorbing retrenched workers. The Environmental Management Association of Singapore (EMAS) plans an accreditation scheme that would be compulsory if adopted. The idea is to raise professionalism and remove the stigma from cleaning
      209 words
    • Article
      Lock icon High-end handphones still in vogue
      482 15  -  Zeinab Yusuf Technologically savvy Singaporeans are not downgrading nor downsizing despite recession By zeinabs@sph.com.sg TIMES may be tough, but amid the economic gloom, expensive handphones seem to have kept their shine. In technologically savvy Singapore ranked third in a 2006/07 global technology report by the
      482 words
    • Article, Illustration
      Lock icon IE S'pore, EBRD ink pact to boost economic ties
      236 15 INTERNATIONAL Enterprise (IE) Singapore and the European Bank for Reconstruction and Development (EBRD) signed a memorandum of understanding yesterday to boost economic collaboration. Following closely on the heels of a pledged $636,000 by IE Singapore to the EBRD last December, the
      DESMOND FOO/THE STRAITS TIMES  -  236 words
    • Article
      Lock icon Most graduates still landing jobs
      289 16  -  Zhang Vi Ting SMU biz cohort ahead of NTU's, NUS's in pay stakes By zyiting@sph.com.sg THE economy may be slowing, but the hiring of the most recent batch of university graduates doesn't show it, going by the latest Graduate Employment Survey (GES). Graduates from the
      289 words
    • Article, Illustration
      Lock icon Social media yet to really catch on here
      429 16  -  Joyce Hooi By joyceh@sph.com.sg TWITTER may be a powerful communications tool for corporations and politicians in the West. But as far as Singapore firms are concerned, Twitter is still no more than what birds do. American companies such as Southwest Airlines and
      429 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      88 15 THE SONS ALSO RISE Find out how four second-generation entrepreneurs take their established family businesses to new heights. Also, what is the value of heritage philanthropy to Singapore's art scene? Plus, take a look at the latest watches from Switzerland, fresh from the Geneva Watch Fair. All this and more
      88 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1205 16 €?a*=^ Creative Master Creative Master Bermuda Limited (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF 2009 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 2009 Annual General Meeting of Creative Master Bermuda Limited (the "Company") will be held at The Board Room of China Auto Corporation Ltd, 17
      1,205 words
Page thumbnail Page 17
  • LETTER FROM ABROAD WITH ASCOTI
    • Letter, Illustration
      Lock icon High-density living
      728 17  -  Leslie Yee LETTER FROM HONG KONG Division head at one of HK's leading property landlords We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter@sph.com.sg along with a photo of yourself, as well as
      728 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      160 17 CELEBRATING 25 YEARS OF HH^^B DEFINING GLOBAL LIVING "^ft The Ascott Group invites you to celebrate its 25* anniversary with special rates and .'"f..-~~" /L~, promotions starting 1 April 2009. From its beginnings as Asia Pacific's first branded H3 MM ~*s^ /flL\\ serviced residence in 1984, to its distinction as
      160 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      15 17 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group
      15 words
Page thumbnail Page 18
  • WORLD
    • Article, Illustration
      Lock icon More funds and a higher profile for IMF
      585 18 LAT-WP Apart from helping nations in crisis, its new role includes surveillance of financial systems London THE US$l.l trillion pledged by world leaders to combat the worst economic crisis since World War II effectively amounts to a rescue package for both poor
      LAT-WP  -  585 words
    • Article, Illustration
      Lock icon Obama puts the emphasis on global cooperation
      888 18 NYT London IN his debut on the international stage, US President Barack Obama presented himself as the leader of an America that can no longer go it alone, abiding by the protocol of a global new deal. It was a performance that ranged
      NYT; REUTERS  -  888 words
    • Article, Illustration
      Lock icon Banks get leeway in valuing assets
      596 19 NYT But critics say the rule change will help banks avoid recognising losses from bad loans New York A ONCE-OBSCURE accounting rule that infuriated banks, who blamed it for worsening the financial crisis, was changed on Thursday to give banks more discretion in reporting
      NYT  -  596 words
    • Article
      Lock icon Madoff s life turns out to be a lot of bull
      350 19 Reuters Miami AS investigators delve into the private life and personal possessions of Wall Street swindler Bernard Madoff, at least one thing has become apparent he was obsessed with bulls. The 70-year-old former Nasdaq market chairman seemed to have
      Reuters  -  350 words
    • Article
      Lock icon US$1t loan writedown likely by US banks
      363 19 Bloomberg New York US REGULATORS may force lenders including Citigroup Inc and Wells Fargo Co to sell assets and write down as much as US$l trillion in loans, twice what they've already recorded, based on Federal Deposit Insurance Corp auction data compiled by
      Bloomberg  -  363 words
    • Article, Illustration
      Lock icon Google may be in talks to buy Twitter
      577 20 Reuters The two companies are also mulling plan to work on a Google real time search engine, Tech Crunch website reports San Francisco GOOGLE Inc may be in talks to buy Internet start-up Twitter, the free micro-blogging service that allows people to
      Reuters  -  577 words
    • Article, Illustration
      Lock icon Obama fires off warning as North Korea readies rocket
      659 20 AP wasmngton AS North Korea fuelled a multistage rocket on Thursday for its threatened satellite launch, President Barack Obama promised a "stern" response and Japan vowed to press for an emergency session of the UN Security Council. Senior US defence officials
      AP; IB AP  -  659 words
    • Article, Illustration
      Lock icon Korean slowdown a boon for plastic surgeons, malls
      606 21 Reuters Falling won lures Japanese and Chinese tourists to Seoul Seoul SOUTH Korea's plunge towards recession is bringing in high-spending tourists by the planeload in search of bargains and beauty. Foreign tourists, mainly from Japan and China, have been pouring into their
      Reuters; REUTERS  -  606 words
    • Article, Illustration
      Lock icon BJP promises low tax, interest rates
      393 21 Reuters New Delhi INDIA'S main Hindu-nationalist opposition party promised low taxes and interest rates and a tough national security law in an election manifesto released yesterday aimed at boosting its poll ratings. The Bharatiya Janata Party also promised to retrieve Indian money illegally stashed
      Reuters  -  393 words
    • Article
      Lock icon April Fools' Day story backfires on Taiwan paper
      328 21 AFP Taipei A TAIWANESE newspaper's April Fools' Day story that two giant pandas gifted by China were fakes backfired as politicians and zoo officials failed to see the funny side. The English daily Taipei Times ran a story on Wednesday's science section
      AFP  -  328 words
    • Article, Illustration
      Lock icon Jakarta cuts rates again to spur growth
      456 22 Reuters Move follows data showing exports falling by a third Jakarta INDONESIA'S central bank cut its policy interest rate by 25 basis points yesterday in a bid to spur growth in the slowing economy, after data this week showed exports fell by a
      Reuters; BLOOMBERG  -  456 words
    • Business briefing
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      1234 22 I I CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) Plllflf (Bermuda Company Registration Number: *****) I I I I NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of CDW Holding Limited (the "Company") will be held at Carlton Hotel Singapore, Level
      1,234 words
Page thumbnail Page 23
  • SGX
    • Article
      Lock icon Transaction date: Apr 3
      8688 23 ligh 52 ligh ;z-wks Tel Low Code Company Last Sale Vol (■000) Day Last Quote High Low Buyer Seller Div i C'vr GrYld Net P/E M Cap $mil I 1 105 7.5 1^5 13.5 10.5 tS 05 38 5.5 I 1.5 5.5 3 !8 1.5 4.5
      8,688 words
    • Article
      Lock icon SGX CATALIST
      1561 26 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181 s AAGrp 52 13 8538 t APStrategic 0.5 1501 s Advanced System 4 2 3480 t Adventus !9.5 10.5 3518 s Afor 9 2 1524 s Alantac >.O 3.5 7814 s Albedo
      1,561 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      49 26 Up Down Unch 9 2 6 Up Down Unch OOP Up Down Unch 9 2 6 lulti Ind lanui Facl :unm .ommerce -inance .onst ;rud ;ion foj jerties lotel ists >ervices led >as/ fateF ;ure larr Active counters with no volume for today are not included
      49 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      177 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co
      177 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      819 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 30 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before ('000) After (TOO) itock iaffles Edu Corp 2-Apr-09 Chew Hua Seng iaffles Edu Corp 2-Apr-09 Chung Gim Lian ;hong Guan 2-Apr-09 Chew
      819 words
  • Page 23 Advertisements
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26
Page thumbnail Page 27
  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 27 YTD change: +3.37% 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 27 YTD change:+l.lo% 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 27 Source: Blo YTD change:-9.10% 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) omberg
        omberg  -  26 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTL INDICES
        364 27 Apr 2 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 639.7 3.9 -5.6 3.1 -3.2 4.6 -7.1 EAFE Preliminai 614.7 4.6 -5.3 4.4 -4.5 5.9 -8.3 Euroi Preliminai 849.5 4.7 -6.8 5.2 -4.6 6.7 -8.5 Pacific 526.6
        364 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 27 Source YTD change: +32.90% 52-week high: 3,786.02 on May 6,2008 52-week low: 1,664.92 on Oct 28,2008 ■Bloomberg
        ■Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        18 27 Source: YTD change:-1.24% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Bloomberg
        Bloomberg  -  18 words
      • Article
        Lock icon LIFFE
        70 27 Apr 1 (£/tonne; Close I Prev Hii now >teyO9 1947 1934 1958/1923 lul 09 1917 1898 1925/1893 5epO9 1896 1876 1904/1880 )ecO9 1877 1858 1886/1858 :OFFEE (US$/tonne) Close Pev High/Low >teyO9 1561 1533 1575/1540 lul 09 1553 1530 1562/1535 5epO9 1560 1540 1564/1542 SUGAR (US tonne) White Close Prev
        70 words
      • Article
        Lock icon CHICAGO BOT
        99 27 Apr 2|| SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low May 09 977.00 952.00 987.50 951.00 JulO9 977.00 951.50 987.00 951.00 AugO9 962.00 936.50 971.25 950.00 SepO9 933.50 907.00 940.50 908.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low May 09 35.10 33.50 35.20 33.48 Jul 09
        99 words
      • Article
        Lock icon METALS
        145 27 OIL Apr 2l| Aprn :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) 'apis blend /linas 52.07 4.55 52.57 4.13 49.75 2.61 53.05 2.25 52.05 2.85 •RODUCT ISS/barrel (FOB Spore) Close Change ■re) \l aphtha let Kerosene 47.82 0.60 57.90 1.15 JSS/barrel
        145 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        143 27 :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 1.0726 Offer 1.0744 Bid 0.7134 Offer 0.7139 :anadian dollar 1.2133 1.2148 0.8070 0.8072 iuro 2.0195 2.0218 1.3432 1.3434 IZ dollar 0.8776 0.8800 0.5837 0.5847 jterlini 2.2097 2.2125 1.4697 1.4701 IS dollar 1.5035 1.5050 >$/US$ to 100
        143 words
      • Article
        Lock icon PALM OIL
        59 27 Apr^ lelivery fonth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hit \pr 09 2260 i/lay 09 2183 lunO9 2125 lul 09 2088 Total o/p: ***** contracts 2281 2283 2260 2230 2243 2183 2165 2185 2125 2128 2139 2082 Turnover: ***** Market tone: Higher 119
        59 words
      • Article
        Lock icon LONDON METALS
        69 27 Aprq Uumlnlum, 99.7% mrity (US$/tonne) Close Previous :ash months 1393.50 1430.00 1347.75 1385.00 lopper, Grade A :us$; "onne) lash J months 4120.00 4150.00 4025.25 4060.00 ■ead (US$; "onne* :ash 1 months 1276.50 1285.00 1208.25 1220.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash
        69 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      1677 28 JL^I V^rf/ JL JL^^^ 1 \J Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg t:e Tc Ho™lsa°ct, f CDW HOLDING LIMITED (Incorporated in Bermuda) AX 3U CDW (Bermuda Company Registration No. *****) IN THE MATTER OF III! NOTICE OF ANNUAL GENERAL MEETING WONG HOLDINGS (PTE) LTD NOTICE IS HEREBY GIVEN that the
      1,677 words
Page thumbnail Page 29
  • PERSPECTIVE
    • Article, Illustration
      Lock icon 7 out of 10 for G-20
      691 29  -  Edward Hadas BREAKINGVIEWS Good job, but the leaders must not rest on their laurels as the global economy is still extremely fragile By and Christopher Hughes THE G-20 deserves a mark of seven out of 10. The London summit hasn't solved everything. But it
      I REUTERS  -  691 words
    • Article
      Lock icon The moralist manifesto
      924 29  -  Edward Hadas BREAKINGVIEWS By FINANCE is not usually associated with questions of good and evil. The last few months have been something of an exception, at least for some politicians. It has become fashionable to blame greedy bankers for the ongoing financial crisis. But that is little
      924 words
Page thumbnail Page 30
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon A close look at MLM
        1363 30 Do the salespeople make any money? When does it become a pyramid scheme? By Genevieve Cua T THIS time of economic hardship when some are losing their jobs, you're likely to see a proliferation of friendly multi-level hawking products from skincare, vitamins and even IT
        1,363 words
      • Article
        Lock icon The pitfalls according to Jon Taylor
        538 30  -  Genevieve Cua By US-BASED consumer advocate Jon Taylor has studied more than 250 multi-level marketing (MLM) businesses and come up with five red flags on whether a company is recruiting marketers or running an "exploitative chain-selling" programme. Mr Taylor, who taught college-level courses on
        538 words
      • Article
        Lock icon brokers' take
        694 30  -  CONRAD TAN Banking sector Neutral DBS Group Research April 3 THE US Financial Accounting Standards Board (FASB) has modified the rules to allow banks to consider the value of assets as if they are being sold in an orderly fashion rather than on distressed valuations. It is understood
        694 words
      • Article, Illustration
        Lock icon Investors sour over wine prices
        1062 31 NYT Some overseas buyers are skipping tastings as they don't expect chateaus to cut prices drastically WHAT is a wine worth? As elite critics and merchants from around the globe descend on the city of Bordeaux this week to sample the 2008 vintage of the
        NYT; REUTERS  -  1,062 words
      • Article, Illustration
        Lock icon Redas joy as it heads for the big 5-oh
        365 32  -  Brittany Khoo A 16-team dragon boat race will kick off the festivities at Bedok Reservoir today. By The REAL Estate Developers' Association of Singapore (Redas) will be marking its 50th anniversary this year with a series of monthly celebrations leading up
        365 words
      • Article, Illustration
        Lock icon Singapore is 10th for highest expatriate rents
        524 33  -  Emilyn Yap Some are leaving and for those staying on, prospects of allowance cuts loom. By SINGAPORE is still one of the 10 most expensive cities for expatriates to rent housing, a survey has found. Comparing residential rents in 300 cities for expats,
        FILE PHOTO  -  524 words
      • Article, Illustration
        Lock icon Learn to buy smart in ST7ors upcoming property seminar
        282 33  -  Michelle Yeo By HOMESEEKERS and property investors who want to buy smart in difficult times, here's an opportunity to learn more about property acquisition issues. ST7OI is organising a Property Seminar to address issues such as HDB flat ownership, mortgage planning,
        282 words
Page thumbnail Page 31
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      383 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 3 District 17 NON-LANDED NON-LANDED Regency Suites Apt 16/03/2009 FH 980 715 730 AzaleaParkCdo Apt 16/03/2009 999 1507 722 479 The Anchorage Apt
      383 words
Page thumbnail Page 33
Page thumbnail Page 34
Page thumbnail Page 35
  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon SURFING UP GOOD BARGAINS
        1001 35  -  Audrey Phoon fs quiet on the mall-front but is everyone in cyberspace? Drivate-sale websites dodge hard times as shopaholics urn to them for their designer fix. 3y fIX S at any private designer sale, m^k masses of people are waiting M to enter Vente-privee. There's M
        1,001 words
      • Article, Illustration
        Lock icon Luxury prices slashed to Reebonz
        483 35 RECESSIONISTAS wiU be delighted to know that they can now bargain hunt in the comfort of their own homes. Many online shops have taken to heart the current economic climate and begun focusing on cut-priced shopping entrepreneurial Singaporeans are similarly jumping on the bandwagon. A
        483 words
      • Article, Illustration
        Lock icon TREATS
        614 36  -  Audrey Phoon At Savoir-Faire, you'll find a hand-picked range of very luxurious and diff icu lt-to-f i nd items. By n F items with I mass appeal X^J^v'^ and discounted price tags don't set cash register bells ringing for you, then type this into your Internet address bar: www.savoir-faire.com.
        614 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon Waxing lyrical about mould
        1039 37  -  Audrey Phoon guest chef PHOTOS BY It affects the way cheeses look, defends them from other bacteria, and changes the way they taste too, explains Bruce Chapman of Jones the Grocer. By SOME foodies rave about deeply-scented truffles, others rhapsodise about rich, fatty foie gras. But
        ARTHUR LEE  -  1,039 words
    • DINING
      • Article, Illustration
        Lock icon Ultimate chic
        1690 38  -  Audrey Phoon Who says the good life has become a thing of the past? The visually stunning Cassia at Sentosa is a veritable outpost of opulence, while Saint Pierre has reopened after its renovation with a new chef at the helm and an abundance of fresh ideas Cassia
        PHOTOS OF CASSIA BY YEN MENG JIIN; SAINT PIERRE, UNLESS OTHERWISE STATED, BY GENE MOK; ARTHUR LEE  -  1,690 words
    • GADGETS
      • Article, Illustration
        Lock icon SHOOT ON SIGHT
        991 39  -  Zhristopher Lim SAMSUNG'S STSO'S MEGAPIXELS AND ZOOM ABILITY ARE EQUIVALENT TO THE IXUS 110 IS. YOU'ILL HAVE TO DECIDE IF THE CANON'S PRETTIER LOOKS AND HD MOVIES WARRANT THE $70 PREMIUM. With no end in sight for the megapixels arms race, camera makers are now unleashing new
        Canon IXUS 100 IS  -  991 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon A family kind of guy
        927 40  -  Cheah Ui-Hoon When Air Asia's Tony Fernandes is not at work, you'll find him either spending quality time with his wife and children, or kicking a ball around with a bunch of friends. WEEKEND WITH TONY FERNANDES CEO AIRASIA O SAY that Air Asia's founder
        927 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon See how my garden grows
        1132 41  -  Cheah Ui-Hoon Fruit trees, edible crop plants and the most exotic flowers flourish in the garden of Lady Yuen Peng McNeice, one of Singapore's pioneers in conservation and photography. By DESPITE the din from the construction site next to her house around Oei Tiong Ham
        mm ARTHUR LE  -  1,132 words
      • Article, Illustration
        Lock icon Making a floral statement
        811 41 WE might call them floral arrangements but to Saskia Havekes, they are installations. Especially when most of her work is done on the spot and on-site. The founder of Grandiflora, "Australia's most beautiful florist shop", views her work as art and sculpture, as she eschews the
        PHOTOS BY YEN MENG JIIN  -  811 words
    • TRAVEL
      • Article, Illustration
        Lock icon Lasting impressions
        1331 42  -  Connne Kerk By and^ M FRIEND once explained how livU A ing in Hong Kong had changed him. When he first arrived, he said, he would hold the lift doors open U A if he saw someone rushing in." But U A after a while, I was like
        1,331 words
    • HEALTH
      • Article, Illustration
        Lock icon NATURAL MIX
        710 43  -  Cheah Ui-Hoon Explore alternative skincare treatments which adopt nutrition and plant-based approaches. By The Natural Skin Clinic 90 Clemenceau Aye #04-01 Singapore Shopping Centre a 6337-9781 www.thenaturalskinclinic.com AS a teenager, Charles Ng was plagued with serious acne and a sensitive skin condition. By chance, he came upon an
        710 words
      • Article, Illustration
        Lock icon Defy ageing?
        517 44  -  Melissa Lwee IN an age where anti-ageing products are much in demand, local beauty company FIL Skin, Body Spa Intelligence has come up with a revolutionary range of skincare products based on the idea of the regenerative abilities of stem cells. "Medical studies have revealed that stem cells
        517 words
    • SPORT
      • Article, Illustration
        Lock icon Time trips up many a former sports star
        1110 45  -  Naveen Verghese no holds barred naveen@sph.com.sg Executive Sub-editor IDENTIFYING the right time to leave the arena for good is a problem every sportsman or woman faces but for some, the bigger difficulty is staying retired. Many stars seem to suffer from withdrawal
        AP PHOTOS  -  1,110 words
      • Article
        Lock icon Larry Ellison sails away as America's Cup challenger
        381 45 Jloomberg New York LARRY Ellison's BMW-Oracle sailing syndicate defeated Swiss billionaire Ernesto Bertarelli's Alinghi championship team in a lawsuit to determine the official challenger in yachting's oldest championship, the America's Cup. BMW-Oracle, led by Mr Ellison, the chief executive officer of Oracle
        Jloomberg  -  381 words
    • GOLF
      • Article, Illustration
        Lock icon Catch him if you can
        1090 46  -  Justine Moss While all eyes will be on Tiger Woods to see if he can chalk up his fifth US Masters title next week, there are other contenders worthy of lifting the coveted trophy By LAST weekend, Tiger Woods proved that nine months away from
        PHOTOS: AFP, AP  -  1,090 words
    • MOTORING
      • Article, Illustration
        Lock icon SPORT THE DIFFERENCE
        666 47  -  Samuel Ec Press a small button and the latest Maserati Quattroporte will amaze you by its transformation By THE CENTRE CONSOLE HAS ANEW INFOTAINMENT SYSTEM FEATURING GPS MAPS FOR SOUTH-EAST ASIA, BLUETOOTH CONNECTIVITY AND A 30 GB HARD DRIVE. T IS no exaggeration to say that all
        666 words
      • Article, Illustration
        Lock icon A NEW ROUND OF GOLF
        706 48  -  Samuel Ec Every German motorist's favourite model has undergone a few nips and tucks to retain her appeal. By GERMANY'S top model has been given a makeover. She's had her eyes done, her jawline is now more defined but she's still the same girl you
        706 words
      • Article, Illustration
        Lock icon THE POWER OF B
        654 49  -  Samuel Ec Will Brawn Grand Prix's 3 Bs be able to sustain its sensational start at tomorrow's Sepang circuit? By SOME people have lucky numbers. Brawn Grand Prix seems to have a lucky letter. The team formerly known as Honda blew away the competition at the
        I : -.t: ■ – ■■-, PHOTOS: AFP, AP  -  654 words
Page thumbnail Page 36
Page thumbnail Page 37
Page thumbnail Page 38
Page thumbnail Page 39
Page thumbnail Page 40
Page thumbnail Page 41
Page thumbnail Page 42
Page thumbnail Page 43
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Lock icon Page 44 Advertisements Column 1
      785 44 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant including Pierre Gagnaire and L'Atelier de person, or $70.50++ per person with free Level 35, Orchard Wing Jo 6"' Robuchon in Paris, Troisgros in Roanne flow of soft drinks and lime juice. Pan Pacific Singapore Meritus Mandarin Singapore and Le Jardin dcs
      785 words
Page thumbnail Page 45
Page thumbnail Page 46
Page thumbnail Page 47
Page thumbnail Page 48
Page thumbnail Page 49