The Business Times, 10 March 2010

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

Microfilm: NL30612
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, March 10,2010
    23 words
  • Article
    Lock icon Prudential’s listing in HK raises questions about S'pore
    660 1  -  Two factors could account for insurer giving SGX a miss By MICHELLE QUAH [SINGAPORE] Prudential’s surprise announcement that it will list in Hong Kong, following its US$35.5 billion decision to buy over rival AIG’s Asian operations, has led market watchers here to
    660 words
  • Article, Illustration
    Lock icon Lippo buys Krishnan’s OUE stake for $957m
    732 1  -  Another chapter closed in troubled alliance; no immediate plans for delisting By EMILYN YAP [SINGAPORE] The tenuous alliance between Indonesia’s Riady family and Malaysian tycoon Ananda Krishnan in Overseas Union Enterprise (OUE) has come to an end at a price of almost $1
    PHOTOS: ST, BT, NSTP  -  732 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,839.54 (+4.97) ST INDEX FUTURES 2,834 (+4) SIMSCI 337.14 (-0.60) SIMSCI FUTURES 337.90 (-0.30) FOREX US$ S$ US$ (S$ per US$) 1.400 (US$/S$ per 1.500 2.100 EURO (US$/S$/E) 1.363 1.908 Foreign currency per US$ S$ YEN 90.00 64.20 RM 3.340 2.385 HK$ 7.759 5.541 BAHT 32.72
    141 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      141 1 COMPANIES Yong Xin shares dive on news of CEO’s death SINGAPORE ISLAND COUNTRY CLUB Several senior SICC execs quit suddenly PAGE 2 INVESTMENTS Temasek II not the way: Lim Hwee Hua PAGE 5 PAGE 2 TRANSPORT HUB Thai-made Japanese cars to lag Korean makes on price PAGE 22 Passion ANNIVERSARY
      141 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Temasek II not the way: Lim Hwee Hua
      475 2  -  Not appropriate for govt to finance local firms that cannot get private funding Reports by CONRAD TAN [SINGAPORE] The Government has shot down a suggestion to set up a “Temasek II” government fund that invests in Singapore companies. “Such an approach may
      FILE PHOTO  -  475 words
    • Article
      Lock icon S’pore Exim bank won’t get subsidies
      517 2 [SINGAPORE] The Government is studying the examples of Hong Kong, Sweden and Canada to decide how best to set up a specialist financial institution to plug gaps in the supply of cross-border financing for Singapore firms. The export credit agencies, or export-import (Exim) banks,
      517 words
    • Article, Illustration
      Lock icon Several senior SICC execs quit suddenly
      437 2  -  Differences over management styles, priorities cited By VEN SREENIVASAN [SINGAPORE] Several leading and long-serving executives of the prestigious Singapore Island Country Club (SICC) have resigned suddenly over the past week. Those who are said to be leaving or have already left include chief executive
      FILE PHOTO  -  437 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      589 2 Lippo buys Krishnan’s OUE stake for $957m THE tenuous alliance between Indonesia’s Riady family and Malaysian tycoon Ananda Krishnan in Overseas Union Enterprise has come to an end at a price of almost $1 billion. Yesterday, the Riadys’ Lippo Group paid some $957 million to acquire all of
      589 words
    • Article
      Lock icon Unemployment may not ease in US after all
      408 4 Firms keep output steady even as they slash jobs: study Reuters [CHICAGO] The widely held outlook that US unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster-than-usual levels, economists from the San Francisco Federal
      Reuters  -  408 words
    • Article, Illustration
      Lock icon Upscale releases kick up average home transaction to $1.78m
      880 4  -  Average for first two months is 37% up on that fetched by developers in 2009 By KALPANA RASHIWALA [SINGAPORE] As developers released more upmarket projects, the average transaction value of private homes sold in the primary market in the first two
      880 words
    • Article
      Lock icon SGX woos Moscow execs for Russian IPOs
      367 4 100 firms expected at seminar with bourse managers Reuters [MOSCOW] Singapore Exchange (SGX) will have a team of top executives here today in a bid to lure Russian companies’ initial public offerings (IPOs) away from its Hong Kong rival. More than 100 large
      Reuters  -  367 words
    • Article, Illustration
      Lock icon China wary of adding to its gold holdings
      624 4 Reuters [BEIJING] China, the world’s biggest holder of foreign exchange reserves, renewed its commitment to the US Treasury market yesterday but said it would be wary of adding to its gold holdings. The country’s chief currency regulator said China would attract more
      Reuters; XINHUA  -  624 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      151 2 r. a o= www.itshow.com.sg #1 LARGE I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE OPENS TOMORROW 11th 14th MARCH 2010 SUNTEC SINGAPORE LEVELS 1, 2, 3, 4 6 12 NOON 9 PM DAILY FREE ADMISSION 5 show floors of EXCLUSIVE I.T. SHOW offers 820 leading manufacturers suppliers showcasing NEW PRODUCTS
      151 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      26 2 More Parliament reports, Page 9 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      26 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      454 3 CONGRATULATIONS ON ACHIEVING THE PINNACLE OF SUCCESS CHIP ENG SENG CONTRACTORS (1988) PTE LTD (A member of the Chip Eng Seng Group) Chip Eng Seng Contractors (1988) Pte Ltd has reached new heights of excellence as the main contractor for the definitive The Pinnacle@Duxton ■v. m j t 3 J
      454 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      96 4 M avi 4-1 T A < nnnn u,* n j 'Fully furnished with Designer's furniture s, Sp»c,o.sR.ad arkspaciouslonecars 11,000sqft Living Space n l/oin 'Designed by award-winning firm K2LD •Sumptuous Interiors with Luxury ,,f n J Modern accents reflected throughout Bathrooms n r n n Large Professional Equipped Kitchen Private Pool
      96 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      11 4 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article
      Lock icon Rules on short selling must be calibrated
      841 5  -  HOCK LOCK SIEW By R SIVANITHY SHORT-SELLING, or the selling of stock not owned with a view to buying back later after prices have fallen, has suddenly sprung into regulatory focus in many countries in the past few weeks. For example, the US
      841 words
    • Article, Illustration
      Lock icon Yong Xin shares dive on news of CEO’s death
      550 5  -  Pu Dexing killed in attack; father takes over son’s posts of chairman and CEO By LYNETTE KHOO THE sudden death of Yong Xin International Holdings’ executive chairman and chief executive officer Pu Dexing, described as a brilliant entrepreneur, sent the shares
      550 words
    • Article
      Lock icon JurTech gets extension of time, staves off delisting
      466 6  -  It has until Sept 8 to submit share trading resumption plan involving RTO By MICHELLE QUAH JURONG Technologies Industrial Corp (JurTech) has managed to stave off an impending delisting from the stock exchange scoring an extension of time for it to prove
      466 words
    • Article
      Lock icon Ex-staff of Deutsche Bank planning hedge fund
      688 6 Bloomberg [HONG KONG] The ex-Asia head of Deutsche Bank AG’s Saba proprietary trading desk is planning a hedge fund seeking to profit from mispricing of securities in Asia’s equity and credit markets, said two people with knowledge of the matter. Hong Kong-based Nine
      Bloomberg  -  688 words
    • Article, Illustration
      Lock icon UPP’s slow shuffle to Peter Lim’s tune
      497 6  -  By JOYCE HOOI STOCK prices used to dance to the tune of ex-rem-isier king Peter Lim’s moves in the past, but his latest corporate move received a muted response in the market. The share price of United Pulp Paper Company (UPP) has seen
      497 words
    • Article
      Lock icon Del Monte unveils overhaul move
      282 6  -  By KAREN NG PINEAPPLE plantation group Del Monte Pacific Limited (DMPL) has embarked on a major move to streamline and update its operations. Following an extensive review of its plantation operations, it has set up a plantation oversight committee to oversee the streamlining of current
      282 words
    • Article
      Lock icon Judge orders Airocean trio to answer charges
      416 7  -  Evidence satisfies requirements for all charges to proceed, court rules By LYNETTE KHOO THE subordinate court said yesterday that it is satisfied that the prosecution’s evidence has established grounds for charges against three former directors of Airocean and has ordered the trio to
      416 words
    • Article
      Lock icon Singapore Land group GM Vito Koh quits
      320 7 SINGAPORE Land group general manager Vito Koh Leong Huat will leave his post from end-May to pursue his personal interests. Mr Koh, who has been with SingLand for more than five years, is in charge of the group’s residential business. His responsibilities include
      320 words
    • Article
      Lock icon Lian Beng wins $144m condo contract
      283 7  -  By EILEEN TAY LIAN Beng Group has bagged a $144 million building contract for a condominium development at Dakota Crescent. The design-and-build contract was awarded by UOL Development (Dakota) Pte Ltd. The development comprises 616 apartment units in three 19-storey blocks and four 20-storey
      283 words
    • Article
      Lock icon OSIM to triple stores in China over 5 years
      250 7 Bloomberg OSIM International Ltd, Asia’s biggest maker of massage chairs outside Japan, will add as many as 80 stores annually in China over the next three to five years to tap growing demand in the world’s most populous country. The company
      Bloomberg  -  250 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      202 5 Mrteri cuetfTs c one uiocuM, (OftlCrt D ool toitt W choose? MStftSS Its OSOflU oi) MC OS OSOflt PROMOTING EMPLOYEE WELL-BEING ISN'T JUST BETTER BUSINESS SENSE. IT'S BETTER FOR BUSINESS. Before you look at the health of your organisation's bottom line, first check the health of your workforce. A healthy
      202 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      1027 6 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg bii 9 IWayisnralc NOTICE TO THE NOTEHOLDERS US$150,000,000 7.75% Subordinated Notes due 2015 (the "Notes") Issued by PT Bank Internasional Indonesia Tbk. (the"Bank") (incorporated with limited liability in the Republic of Indonesia) (acting through its Cayman Islands branch) In accordance with Condition 4(d)
      1,027 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      108 7 BE A MEMBER OF NUSS 7-1 toy r ri ONLY 3 DAYS LEFT! i GET A FREE HEWLETT-PACKARD NETBOOK $400 F&B CREDITS IF YOU JOIN BEFORE 12 MARCH 2010! Transferable Membership Interest-free Instalment Plan Open to Graduates of Recognised Universities Pay only $2,000 if you've graduated within the last 3
      108 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Asian market quiet amid cautious mood on Wall St
      863 8  -  Japanese yen rally is the only major theme among Asian currencies CURRENCIES OH BOON PING Reporter OTHER than a rally in Japanese yen, the Asian foreign exchange currency market was otherwise quiet, amid cautious sentiments on the back of a flat
      863 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 4 0 0 0 6 6 4 Manufacturing 46 60 76 3 6 9 49 66 85 Commerce 18 14 32 3 6 4 21 20 36 Tpt/Stor/Comms 15 11 16
      186 words
    • Article
      Lock icon BROKER’S TAKE
      193 8  -  Compiled by JOYCE HOOI Keppel Land Limited March 9 close: $3.56 CIMB-GK RESEARCH, March 9 KEPLAND’s positioning in superior prime offices and township developments in China forms its strongest value proposition. Through its China township exposure, KepLand stands to benefit from long-term structural changes in China such as
      193 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,431 18,431 70,609 70,609 Manufacturing 295,449 7,696 303,145 166,739 362 167,101 Commerce 106,521 12,688 119,209 117,934 4,862 122,796 Tpt/Stor/Comms 113,352 289 113,641 223,129 41 223,170 Finance 20,772 20,772 152,615 152,615 Construction 42,056 4,095 46,151 10,418
      119 words
    • Article, Illustration
      Lock icon Jardine props up STI again
      602 8  -  STOCKS R SIVANITHY THANKS once again to the Jardine group, the Straits Times Index managed a 4.97 points rise to 2,839.54 in a marginally soft and lacklustre session, that saw investors take the opportunity to sell into strength. As a result, the index dropped five
      Senior Correspondent  -  602 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change Stock name Close Change CapitaLand 3.940 +0.010 CapitaMall 1.850 -0.010 CityDev 10.200 -0.160 ComfortDelGro 1.540 +0.010 Cosco Corp 1.250 -0.010 DBS Grp 14.080 -0.120 F&N 4.420 -0.070 Genting SP 0.915 -0.005 Golden Agri 0.560 HK Land 4.870 -0.040 JMH 31.940 +1.740 JSH
      114 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Mar 9 CHNG YR 2010 CLOSE FR Mar 8 S$ LOW S$ HIGH US$ 1.4000 -0.11 1.4219 1.3869 Euro 1.9070 0.26 2.0153 1.8959 Pounds 2.1025 0.97 2.2776 2.0969 A$ 1.2757 0.06 1.2923 1.2276 Yen* 1.5545 -0.36 1.5927 1.5027 Rupiah* 0.***** 0.07 0.***** 0.***** Baht* 4.2794 -0.08
      87 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Mar 9 VALUE CLOSE BT OB/OS 140.00-137.00 BT CADI -*****.00 -27.00 BT 10-day MA -*****.00 +14.00 FTSE ST Mid Cap 688.15 +2.02 FTSE ST Small Cap 538.08 +0.33 FTSE ST All Share 701.17 +1.31 FTSE ST China Top 278.21 -0.58 FTSE ST China 296.16 -1.31 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Genting SP 72,836,000 Eastgate Tech 36,010,000 Healthway 33,897,000 NOL 30,815,000 China Hongxing 30,262,000 Ying Li 30,133,000 Thai Beverage 28,240,000 Golden Agri 28,062,000 Gems TV 21,736,000 StraitsAsia 20,369,000 VALUE($) Genting SP 65,989,545 UOB 62,054,296 NOL 61,093,324 CapitaLand 58,005,330 SingTel 53,414,030 DBS Grp 51,326,320 Keppel Corp 49,473,650 StraitsAsia
      56 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP OUE 1198 294.0 32.5 JMH 3194 243.6 5.8 DBXT MSKorea 10US$ 4712 114.8 1.8 DBXT MSBrazil UD$10 678 81.2 9.4 JSH 1880 81.2 3.2 Jardine C&C 2692 62.0 2.4 OCC 5.1% NCPS 100 ***** 40.0 0.4 Lyxor EmergingMkts 1 995 35.0 2.6 DBXT FTVietnam 10US$
      107 words
    • Article
      Lock icon FAILS
      114 8 BY CENTS CLOSE DOWN GLD 10US$ *****-208.6 -1.3 DairyFarm 618 -47.6 -5.2 SIA 1540 -22.0 -1.4 Asia Pac Brew 1380 -20.0 -1.4 SIA.ES.1003 1534 -20.0 -1.3 SIA 200 1540 -18.0 -1.2 CityDev 1020 -16.0 -1.5 UOB 1806 -14.0 -0.8 DBS Grp 1408 -12.0 -0.8 Venture Corp 847 -11.0 -1.3
      114 words
    • Article
      Lock icon SIT to start courses earlier, in August
      397 9  -  First 8 programmes from 5 universities to be spread across all 5 polytechnics YESTERDAY IN PARLIAMENT By TEH SHI NING THE Singapore Institute of Technology (SIT) will launch courses this August a year ahead of schedule with an initial 500 places for polytechnic
      397 words
    • Article, Illustration
      Lock icon Ministry beefing up healthcare manpower for ageing populace
      476 9  -  $120m set aside for specialist training over next 5 years Reports by CHEN HUIFEN THE Ministry of Health will be spending significant resources on expanding and strengthening healthcare manpower, in anticipation of a growing and ageing population, according to Health Minister Khaw
      FILE PHOTO  -  476 words
    • Article
      Lock icon MOH to raise medisave withdrawal limits
      368 9 MEDISAVE withdrawal limits will be raised to make it easier for patients to adjust to community care both in the hospital and rehabilitation setting. Health Minister Khaw Boon Wan noted that existing Medisave withdrawal limits are higher for acute hospitals than for communi- ty
      368 words
    • Article
      Lock icon What the beasts can teach us about family bonds
      466 9 HEALTH Minister Khaw Boon Wan peppered his first speech yesterday with touching stories on animal observation and the recent passing of the people he knew. In an indirect reproach aimed at irresponsible children who abandon their sick parents at nursing homes,
      466 words
    • Article, Illustration
      Lock icon Concerns over brain drain and worker training
      511 9  -  By CHEN HUIFEN ONE of the concerns raised at the Enterprise 50 Executive Briefing yesterday is the issue that the growing focus on employee training could lead to a further brain drain of local talent, who could be poached by other competitors in
      YEN MENG JIIN  -  511 words
    • Article
      Lock icon HDB releases Hougang residential site for condo devt
      357 9  -  By EMILYN YAP THE Housing Development Board (HDB) yesterday released a residential site at Hougang Avenue 7 for application by interested developers. The 99-year leasehold parcel is on the reserve list and can yield up to 395 condominium units, HDB said. The
      357 words
    • Article
      Lock icon How SMEs can get that bank loan
      401 9  -  By FELDA CHAY SMALL and medium enterprises (SMEs) that want to borrow from banks must show they are committed to their core business and have day-to-day control over it, a banker says. Speaking to about 400 SMEs at the second Enterprise Development Centre
      401 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      134 8 Good Year for a Bomusf Trade now with City In Lucky 8 Bonus when yo before April 30. P m eive or CF For more information, visit www.cityindex .com. sg/Lucky 8 +65 6826 9954 THE jQCNDEX NEXT WAV TO TRADE Risk warning. Trading CFD and FX on margin carries a
      134 words
Page thumbnail Page 9
Page thumbnail Page 10
  • ECONOMY WATCH
    • Article
      Lock icon New York Fed to add firms for reverse repos
      431 10 Reuters [NEW YORK] The US Federal Reserve is taking an additional measure to lay the groundwork for draining excess reserves from the banking system. It had injected US$1 trillion in cash into the system during the global credit crisis. The New
      Reuters  -  431 words
    • Article
      Lock icon German chancellor supports European Monetary Fund idea
      798 10  -  France appears to be surprised by the speed of the proposal: NYT By MALMINDERJIT SINGH GERMAN Chancellor Angela Merkel announced her backing on Monday for a European Monetary Fund (EMF) proposal to enhance inter-euro zone economic cooperation. The idea for the EMF was
      798 words
    • Article
      Lock icon Brazil acts to stop US cotton subsidies
      640 10 It is raising tariffs on US exports, breaking US$238m in patents Bloomberg Reuters [BRASILIA] Brazil will raise tariffs on 102 US exports, including wheat, cars, boats and chewing gum, and break patents worth US$238 million in a bid to force the United States
      Bloomberg; Reuters  -  640 words
    • Article, Illustration
      Lock icon Japan’s Jan composite index up for 10th month
      253 10 Bloomberg [TOKYO] Japan’s broadest indicator of economic health rose for the 10th month, extending the longest streak since 1997 as exports fuelled the recovery. The coincident index, a composite of 11 indicators including factory production and retail sales, climbed to 99.9 in
      Bloomberg; AP  -  253 words
    • Article
      Lock icon UK goods trade gap widest since August ’08
      339 10 Reuters [LONDON] Britain’s goods trade deficit with the rest of the world unexpectedly widened in January to its biggest since August 2008, raising further concerns about the strength of the country’s broader economic recovery. The Office for National Statistics (ONS) said yesterday
      Reuters  -  339 words
    • Article
      Lock icon Aussie biz confidence climbs for second month
      271 10 Bloomberg [SYDNEY] Australian business confidence increased in February for a second month, adding to signs the economy is robust enough to weather higher interest rates. The confidence index gained four points to 19, matching November’s seven-year high, according to a National Australia Bank
      Bloomberg  -  271 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1034 10 MATS NOTICES In the matter of the Companies Act, Cap 50 And In the Matter of (I) Le Muse Pte Ltd (Registration No.: *****0921W) (II) Le Sirene Pte Ltd (Registration No.: *****5727C) (III) Sabbia Pte Ltd (Registration No.: *****2834K) (IV) Conceive Asia Pte Ltd (Registration No.: *****0058D) NOTICE OF MEETING
      1,034 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      31 10 oi]l r uM3f3§ o)fnYo o o n o For Details, Log On To If sgtravellersxi ultimate travel resource bu SPH uiPi 1 to *Prizes sponsored by Cathay Pacific Airlines CATHAY PACIFIC
      31 words
Page thumbnail Page 11
  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sian economy to grow 4.9% this year: RAM
      491 11  -  But rating agency keeps shipping, manufacturing on negative outlook B y PAULINE NG RATING Agency Malaysia (RAM) has forecast the local economy to expand 4.9 per cent this year, underpinned by growth in all industry categories. But the agency has kept two
      491 words
    • Article, Illustration
      Lock icon M’sia eyes growth in palm oil exports for 2010
      648 11 AFP Reuters [KUALA LUMPUR] Malaysia, the world’s second-larg-est palm oil producer, said yesterday it expects exports to rise in 2010 thanks to higher prices and an increase in the amount of land devoted to the commodity. “Yes, we can surpass last
      AFP; Reuters  -  648 words
    • Article
      Lock icon Japanese bank to lend Indonesian power projects US$943m
      284 11 Reuters [JAKARTA] The Japan Bank for International Cooperation (JBIC) has agreed to lend US$943 million to two independent power projects in Indonesia. JBIC said in a statement it had signed an agreement to loan US$729 million to PT Paiton Energy for an
      Reuters  -  284 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      135 11 GET IT NOW! 6* iU 1 R m L-TO the n ame* CAN SINCE »wr?NCH7wsomswy 'AHNYOUSUWCAMI S v t e^a s u "'T lo 8 *nv elvi s Panasonic CQl -Le c 4f I ■i r tiqn WW- 1 WORTH PLAYING FOR vn* emjoy Winning ftL CityVibe, Clementi iPhone3G a
      135 words
Page thumbnail Page 12
  • GREATER CHINA
    • Article, Illustration
      Lock icon Taipei may ask banks to raise reserve ratio
      515 12 Banks told to tighten lending procedures, ensure home-loan quality Bloomberg [TAIPEI] Taiwan’s central bank may follow China and order domestic lenders to set aside more deposits as reserves to curb loan growth and cool surging property and stock prices, according to Citigroup
      Bloomberg; BLOOMBERG  -  515 words
    • Article
      Lock icon JPMorgan gears up to tap China’s energy IPOs
      338 12 Reuters [BEIJING] JPMorgan expects to see more deals and new business in China this year, particularly as new energy and natural resource companies aim to go public to finance rapid expansion, the bank’s China boss said yesterday. Industry consolidation is also expected
      Reuters  -  338 words
    • Article
      Lock icon ETF plan signals more China market reforms
      231 12 Bloomberg [SHANGHAI] China’s plan to introduce exchange-traded funds (ETFs) that track overseas stock indexes signals a push to create more opportunities for investors as the market matures, according to West China Securities Co. The Shanghai Stock Exchange will try to introduce the ETFs
      Bloomberg  -  231 words
    • Article
      Lock icon China developers turn to PE funds for capital
      622 13 New trend comes as local banks tighten lending to help govt curb property prices Reuters [BEIJING] Capital-hungry Chinese developers are turning to real estate private equity funds this year as big domestic banks tighten lending to help Beijing curb property prices, a
      Reuters  -  622 words
    • Article
      Lock icon RBS identifies partner for China securities JV
      295 13 Reuters [HONG KONG] British lender Royal Bank of Scotland Plc has identified a partner for its planned Chinese securities joint venture, a source with knowledge of the matter said yesterday. RBS’s long-awaited entry into the Chinese securities market will enable the lender to
      Reuters  -  295 words
    • Article
      Lock icon China mulls pumping more money into CIC
      128 13 AFP [BEIJING] China said yesterday that it was still considering whether to pump more money into China Investment Corp (CIC), the country’s US$300 billion sovereign wealth fund. “We are still studying future investment in CIC and no decision has been made yet,” the
      AFP  -  128 words
    • Article, Illustration
      Lock icon China to focus on improving social safety net: lawmaker
      441 13 Adjustments to be made to legal system to ‘better maintain harmony’ NATIONAL PEOPLE’S CONGRESS AP [BEIJING] China’s top lawmaker said yesterday that legislative priorities this year would focus on improving social security and fostering more equitable economic development, but he rejected
      AP; XINHUA  -  441 words
    • Article
      Lock icon Lending to local govts may pose risks: central banker
      477 13 Reuters AFP [BEIJING] Bank lending to special purpose finance vehicles set up by Chinese local governments may pose a future risk, deputy central bank governor Su Ning said on Monday. Speaking at a news conference during the annual session of China’s
      Reuters; AFP  -  477 words
    • Article
      Lock icon Quadra, China utility SGID in Chilean JV deal
      380 13 Reuters [TORONTO] Quadra Mining said on Monday it has agreed to form a joint venture with China’s largest utility company to help expand its Chilean operations and fund its huge Sierra Gorda copper project, which is expected to cost over US$2 billion.
      Reuters  -  380 words
  • Page 12 Advertisements
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      72 13 WINE DINE AND HOSPITALITY located at Level 4 r./ Food for your soul Zenden's creative menu and contemporary cuisine is inspired by the arts memorable, provocative, always inventive. Feed your soul at our lunch buffet offer at $23 per person or have our one-for-one dinner main course. Call us now
      72 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      83 13 Eat-AU- You-COK West End Deluxe Captain's Table Adult: $23.80 Child: $16.80 Without Baby Abalone Dinner only (Weekdays) Adult: $28.80 Child: $18.80 With Baby Abalone Dinner only (Weekends and Public Holidays) Menu Highlights Stir-fried Tiger Prawns with Sambal Chilli Xin Jiang Style Braised Chicken Minimum 2 Pax *For Dine-in Only For
      83 words
Page thumbnail Page 14
  • INDIA
    • Article
      Lock icon Indian firms keen to buy coal mines in South Africa
      558 14 Reuters [MUMBAI] Indian steam coal end-users have stepped up their hunt for South African junior coal mines in a bid to secure supply from this year if possible but are finding attractive assets scarce, would-be buyers said on Monday. Indian
      Reuters  -  558 words
    • Article, Illustration
      Lock icon Deficit cut expected to help rate policy
      502 14 It’ll become easier to manage inflation, meet credit demand: central bank chief Bloomberg [BANGALORE] Indian central bank governor Duvvuri Subbarao said that the government’s plan to narrow the budget deficit makes it easier to set interest rates in the world’s fastest-grow-ing major economy
      Bloomberg; AFP  -  502 words
    • Article
      Lock icon Tata stock slumps after Daimler sells stake
      343 14 Bloomberg [NEW DELHI] Tata Motors Ltd, India’s biggest truckmaker, yesterday fell the most in a month in Mumbai trading after Daimler AG sold its stake, ending ties stretching back more than five decades. Daimler sold its entire 5.3 per cent stake in Tata
      Bloomberg  -  343 words
    • Article
      Lock icon Outsourcing firms on hiring spree again
      525 14 AFP [BANGALORE] Indian software engineer Prithvi Sen has a spring in his step after getting re-hired by the country’s flagship outsourcing industry, which is shaking off the effects of the global recession. “I was unemployed and it was tough, but I’ve got work again,”
      AFP  -  525 words
    • Article, Illustration
      Lock icon Upper House passes women MPs quota bill
      401 14 AP [NEW DELHI] India’s Upper House of Parliament voted overwhelmingly yesterday for a historic bill that would reserve one-third of legislative seats for women, despite a boycott by socialist lawmakers. Prime Minister Manmohan Singh described the 186-1 vote as a “historic step forward
      AP; REUTERS  -  401 words
    • Article
      Lock icon Govt seeks to cut its State Bank of India stake
      287 14 Reuters [NEW DELHI] India is seeking legislative approval to cut its stake in State Bank of India to 51 per cent, which could raise about US$2.5 billion, a quarter of what the bank needs to grow over the next five
      Reuters  -  287 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      62 14 :ss TIMES "Some.,, necessities 1 lead -to„ luxuries!' M""' brww For a limited period only, new home subscribers to The Business Times for a year will enjoy the opulence of having your bottle of champagne coupled with a pair of champagne flutes delivered to your doorstep! Act now to gain
      62 words
Page thumbnail Page 15
  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Thai govt invokes ISA ahead of rally
      549 15  -  Thaksin supporters plan three-day protest in Bangkok this weekend By LEE U-WEN [SINGAPORE] Bangkok is bracing itself for its second “Judgment Day” in as many weeks after the Cabinet approved a proposal to invoke the Internal Security Act (ISA) to give authorities greater
      549 words
    • Article, Illustration
      Lock icon New rules herald new F1 season
      953 15 AP [BANGKOK] The new Formula One season begins this week with yet another set of new rules and regulations, including an end to in-race refuelling. The refuelling ban does not mean an end to pit stops, as cars will still be stopping to change
      AP  -  953 words
    • Article, Illustration
      Lock icon Sony to begin selling 3D TVs in June
      616 15 Reuters [TOKYO] Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product in the electronics industry. The maker of Bravia flat TVs hopes 3D models to make
      Reuters; BLOOMBERG  -  616 words
    • Article
      Lock icon UK banks may have to cut assets by £530b: Credit Suisse
      331 15 Bloomberg [LONDON] UK banks including Barclays plc may need to shrink their balance sheets by as much as £530 billion (S$ 1.11 trillion) to meet new liquidity and capital requirements, according to Credit Suisse Group analyst Jonathan Pierce. Banks
      Bloomberg  -  331 words
    • Article
      Lock icon Nakheel bonds rebound
      326 15 Bloomberg [DUBAI] Nakheel bonds climbed the most in two months after JPMorgan Chase Co said there is a “small probability” that creditors will get paid at face value as part of parent Dubai World’s US$26 billion debt restructuring. Nakheel’s US$750 million sukuk, or Islamic bond, maturing in
      Bloomberg  -  326 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      409 15 KATfl NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(B) AND IN THE MATTER OF HUP SENG MILLENNIUM PTE LTD (Company No: *****6580K) (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above-named Company duly convened and held at 34J St. Patrick's
      409 words
Page thumbnail Page 16
  • WORLD
    • Article
      Lock icon US states taking more risk with investments
      809 16 Public pension funds now eye commodity futures, junk bonds, foreign stocks NYT [NEW YORK] States and companies have started investing very differently when it comes to the billions of dollars that they are safeguarding for workers’ retirement. Companies are quietly and gradually moving
      NYT  -  809 words
    • Article, Illustration
      Lock icon Disney may block bigger operators next
      592 16 Bloomberg [WASHINGTON] Walt Disney Co, which blocked some viewers from the first 13 minutes of the Oscars show on Sunday night amid a dispute with Cablevision Systems Corp, may be about to do it again with bigger cable operators, analysts said. Disney did not
      Bloomberg; AP  -  592 words
    • Article
      Lock icon LSE sells 9% of Turquoise to 3 banks
      489 16 Reuters [LONDON] The London Stock Exchange (LSE) sold 9 per cent of Turquoise to three banks, a sign of confidence in the alternative trading platform, which operates in a crowded market where profit is scarce. Barclays Bank, JP Morgan Cazenove and Nomura
      Reuters  -  489 words
    • Article, Illustration
      Lock icon Roche, Biogen suspend arthritis medicine
      312 16 Reuters [ZURICH] Swiss drugmaker Roche Holding and US biotechnology company Biogen Idec are suspending experimental rheumatoid arthritis and lupus treatment ocrelizumab after deaths following its use, casting doubt over its future. Roche and Biogen stopped using the experimental drug for the two diseases after a
      Reuters; THE STRAITS TIMES FILE PHOTO  -  312 words
    • Article
      Lock icon UAE to implement new foreign ownership law by year-end
      277 16 Reuters AFP [DUBAI] The United Arab Emirates (UAE) will review rules governing foreign ownership of companies in the next month and implement a new law by the end of this year, Economy Minister Sultan bin Saeed alMansouri said yesterday. “The law
      Reuters; AFP  -  277 words
    • Article, Illustration
      Lock icon US extension of jobless benefits draws criticism
      865 17 Complaints that it discourages job-seeking spark political debate LAT-WP WASHINGTON The De-pression-era unemployment payment programme created by the US government as a temporary bridge for laid-off American workers is turning into an expensive entitlement, critics say. About 11.4 million out-of-work people now collect
      LAT-WP; BLOOMBERG  -  865 words
    • Article, Illustration
      Lock icon FANCY SEEING YOU HERE
      62 17 [ISLA MUJERES, Mexico] A diver swimming past the ‘The Archive of Lost Dreams’ sculpture by British artist Jason de Caires in the waters near Isla Mujeres, Mexico. This sculpture forms part of an underwater sculpture garden still under construction. When completed, it will form part of
      AP  -  62 words
    • Article, Illustration
      Lock icon Colony Capital takes over debt of famed photographer
      236 17 Bloomberg [NEW YORK] Colony Capital agreed to take over the debt of Annie Leibovitz after the celebrity photographer bought back control of her works and real estate from Art Capital Group. Colony, the private equity firm owned by billionaire Thomas Barrack, will
      Bloomberg  -  236 words
    • Article
      Lock icon Job market stabilising for business students
      765 17 More finding bank jobs, internships, say universities AP [CHARLOTTESVILLE] With banks climbing out of the recession, more business students across the United States are finding banking jobs and internships, enrolling in finance clubs and going on class trips to Wall Street, universities say. Unemployment
      AP  -  765 words
    • Article
      Lock icon Oil giants lower the bar to grab less attractive assets
      522 17 Exploration failures rising, access to oil-rich regions cut Bloomberg [NEW YORK] Oil companies such as Exxon Mobil, BP and Total are investing in assets that previously weren’t worth their time or money after oil-rich nations reduced access to reserves and
      Bloomberg  -  522 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      82 16 8§§^v)k^\ Get holiday updates in SPH Travel Supplements (ST/ZB) Natas Travel 2010 Feb 25/26 Spring Sensations Mar 23/25 Holiday Fiesta Apr 13/15 Natas Summer Journeys (New) Apr 30/May 1 Value Vacations Jul 13/15 Natas Holidays 2010 Aug 26/27 Autumn Pelights Sep 21/23* Natas Winter Journeys (New) Oct 8/9* Travel Malaysia
      82 words
Page thumbnail Page 17
Page thumbnail Page 18
  • FOCUS: ENERGY
    • Article, Illustration
      Lock icon Mexico facing crisis from oil depletion
      1185 18 Govt struggles to woo foreign investors without breaking law NYT [VENUSTIANO CARRANZA, Mexico] TO THE Mexican people, one of the great achievements in their history was the day that their president kicked out foreign oil companies in 1938. Thus, they celebrate March 18 as
      NYT; BLOOMBERG  -  1,185 words
    • Article, Illustration
      Lock icon Spain’s solar power industry recovers from initial shocks
      870 18 Its miscalculations and policy changes serve as a lesson to other countries NYT [PUERTOLLANO, Spain] TWO years ago, this gritty mining city underwent a brief, 21st-century gold rush. Long famous for coal, Puertollano discovered another energy source it had overlooked: the relentless,
      NYT; REUTERS  -  870 words
Page thumbnail Page 19
  • Transport HUB
    • Article, Illustration
      Lock icon Boeing set to win tanker contract
      635 19 Northrop-EADS partnership pulls out of tender, accusing US govt of bias AFP Reuters [WASHINGTON] Boeing was poised on Monday to win a US$35 billion US Air Force aerial refuelling tanker plane contract after rivals Northrop Grumman and its European partner EADS, which makes Airbus
      AFP; Reuters; REUTERS  -  635 words
    • Article
      Lock icon EADS plunges into the red
      508 19 Reuters [PARIS] Airbus parent EADS fell to a heavy 2009 loss and axed its dividend as production niggles on its A380 superjumbo swelled provisions and dampened the outlook for this year, despite signs of an aviation recovery. Its earnings included a previously announced charge of
      Reuters  -  508 words
    • Article
      Lock icon Fund raising plan lifts China Southern
      198 19 Reuters [HONG KONG] Shareholders cheered China Southern Airlines’ US$1.58 billion fund raising plan, lifting the airline’s shares to a 21-month high in Hong Kong on expectations that the move could speed up the airline’s debt repayments, cutting its gearing by half. HSBC upgraded the
      Reuters  -  198 words
    • Article
      Lock icon IE Singapore touts Busan port as N-E Asia hub
      369 19  -  S Korea to benefit from close proximity to China: official By VINCENT WEE SINGAPORE companies keen to get into the Northeast Asian market and that want a good base to hub from were given an introduction to the advantages that South
      369 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2920 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 --LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam KL145 0010 KL146 0150 LO4031 0610
      2,920 words
    • TRANSPORT HUB: SHIPPING
      • Article
        Lock icon Mid-East VLCC surplus halves
        342 20 Owners send empty ships to W Africa for higher returns as demand rises Bloomberg [LONDON] The supply of supertankers competing for two million barrel shipments of Middle East crude more than halved as demand gained and owners sent empty vessels to West Africa for higher returns.
        Bloomberg  -  342 words
      • Article
        Lock icon TRANSPORT STOCKS
        281 20 SGX '000 Mar 9 S$ +/-Vol CH Offshore 0.65 -0.01 400 Chuan Hup Hldgs 0.30 unch 130 Cosco Corp 1.25 -0.01 5365 CWT Ltd 1.00 0.03 5756 Ezra Hldgs 2.38 -0.03 3337 First Ship Lease 0.60 unch 820 Freight Links 0.05 unch 96 Grand Banks 0.40 -0.05 17
        281 words
      • Article, Illustration
        Lock icon Array of ship protection devices crops up
        650 20 AFP [NAIROBI] Somali pirates raked in an estimated US$60 million in 2009 but the Indian Ocean’s ransom hunters have also spurred a much larger industry of ship protection devices. As the 36,000 ships that bottleneck into the Gulf of Aden each year try
        AFP  -  650 words
      • Article
        Lock icon Avoiding maps of contention
        334 20  -  Hydrographers need proper guidelines to protect themselves from claims STRAIT TALK By DAVID HUGHES MUTUAL insurer International Transport Intermediaries Club (ITIC) says there has been an increase in the number of professional indemnity claims made against professional service providers who are its members. And the club
        334 words
      • Article
        Lock icon Asia holds the key to future of shipping markets
        1208 20  -  By MARCUS HAND The writer is South-east Asia Editor, Seatrade magazine, and Editor, Seatrade Asia Week. Seatrade magazine is published six times per annum by Seatrade Communications, a UK-headquartered media and events company. Seatrade Asia Week is a new pan-Asian weekly
        1,208 words
    • ASIA PACIFIC MARITIME 2010
      • Article, Illustration
        Lock icon Fuel quality affects marine engines
        1202 21  -  Detecting problems early can make the difference between damage control and financial catastrophe, says MARTIN LUCAS MARTIN LUCAS The writer is managing director of Kittiwake Developments. Kittiwake, which will be showcasing its latest LinerSCAN technology, is one of nearly 40 green companies that will be
        BLOOMBERG FILE PHOTO  -  1,202 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Thai-made Japanese cars to lag Koreans on price
        689 22  -  Economies of scale enable the latter to be more competitively priced By SAMUEL EE SINGAPORE motorists may soon get a wider range of less expensive Japanese cars built in Thailand, but ultimately, they will still not be as attractively priced as Korean
        689 words
      • Article, Illustration
        Lock icon Tan Chong eyeing small van market
        609 22  -  Distributor confident of gaining a third of the market By SAMUEL EE AUTHORISED Nissan distributor Tan Chong Motor Sales is confident of gaining a whopping 30 per cent of the light commercial vehicle (LCV) market when its new NV200 panel van enters the market
        609 words
      • Article
        Lock icon SMRT’s first full low-floor bus on trial
        242 22  -  By OLIVIA HO SOUTH-EAST Asia’s first full low-floor bus will hit the roads here soon. Singapore Mass Rapid Transit (SMRT) unveiled the Euro 5 Mer-cedes-Benz Citaro O530 yesterday at SMRT Ang Mo Kio Depot. The Citaro, touted as the world’s best-selling city bus,
        242 words
      • Article, Illustration
        Lock icon Toyota finds no flaw in electronic safety system
        882 22 Reuters [DETROIT] Toyota Motor Corp has said that it had found no flaw with its throttle controls as it seeks to dismiss an external study critical of its electronic safety systems. The conclusions, announced at a news conference on Monday, marked an
        Reuters; BLOOMBERG  -  882 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      287 19 CRYPTIC CROSSWORD Across 8 Suspicion about the Parisian’s jacket(7) 10 Cock and duck appearing in list (7) 11 Spasmodic bird-watchers? (9) 12 Change dress(5) 13 Frenchman and wife make a fresh start (5) 14 Filth, look, seen in most of plaza (7) 17 Artist wearing glasses frames swan and snake?
      287 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      8 20 www.omy.sg r v 1 J Ik N eat.omy.sg
      8 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      126 20 A Total Systems Solution for Freight Forwarding -■■—ICE EK Cyberfreight has a reputation of reliability and value. It is a robust package that is cost effective to run. It also integrates operations and accounts with smart documentation and customer management tools. Cyberfreight has a user friendly interface that requires minimal
      126 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      844 21 Asia Pacific MARITIME 11 th edition 9 SHIPPING IN ASIA TODAY, PREPARING FOR THE FUTURE Network with 900 International Participating Companies Meet 12 National Pavilions Attend 10 High-powered Conferences and Seminars Source for the Latest Maritime Equipment,Technologies and Services 24 26 March 2010 Singapore Expo Halls 3 and 4 www.apmaritime.com
      844 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      22 21 March 24-26, 2010 Singapore Expo Halls 3 and 4 Opening hours March 24-25, 2010 (Wed Thurs) 1000-1900hrs March 26, 2010 (Fri) 1000-1700hrs
      22 words
Page thumbnail Page 22
Page thumbnail Page 23
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8957 23 Transaction date: Mar 9 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 unch 100 17 16.5 16.5 17 1.7 10.6 5.5 81.4 10 2.5 5834
      8,957 words
    • Article
      Lock icon SGX CATALIST
      1830 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13.5 15 91.5 4 1
      1,830 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9325 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6537/ Asian Credit Fund 1.2393/ Asian
      9,325 words
    • Article
      Lock icon SGX ETF
      478 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109.5 unch 15 109.5 109.5 109.5 112 499.8 846 427 CIMBAsean40 100US$ US838 -2 170 839 838
      478 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 24 6000 AVJennings A47 unch 3 47 47 47.5 50 3.6 7.4 3.8 122.4 31 6 6017 Genting HK US$ US20 +1 1565
      78 words
Page thumbnail Page 24
Page thumbnail Page 25
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 8 Index Change Change Change Change Change Change World Index Preliminary 845.9 0.2 1.6 0.3 0.1 0.3 0.5 EAFE Preliminary 793.7 0.6 1.1 0.8 -1.8 0.8 -1.5 Europe Preliminary 1139.0 0.1
      365 words
    • Article
      Lock icon PALM OIL
      66 25 Mar 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2710 2680 2710 2680 71 483 Apr 10 2709 2660 2721 2660 1399 ***** May 10 2705 2650 2715 2650 6714 ***** Jun 10 2695 2635
      66 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 25 Mar 9 Open High Sett STI Mar 2834 2834 2834 SIMSCI Mar 338.3 339.0 337.9 Taiwan Mar 279.6 281.5 279.3 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon SIBOR
      85 25 Mar 9 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Mar 9 S$ Bid Offer 1-month 1.3999 1.4011 2-months 1.4001 1.4013 3-months 1.4002 1.4015 6-months 1.4008 1.4021 Source: OCBC
      22 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      368 25 Mar 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7375 0 5368 Jun10 99.6450 0 6030 Sep10 99.4550 0 2783 Dec10 99.1600 0 1818 EUROYEN TIBOR FUTURES Mar10 99.5650 99.5650 99.5600 99.5650 0 5942 Jun10 99.6100 99.6100 99.6100 99.6150 1 2698 Sep10 99.6200 0 2712
      368 words
    • Article
      Lock icon SICOM FUTURES
      187 25 Mar 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 329.5 328.0 329.5 28 656 May 10 328.0 652 Jun 10 328.0 328.0 328.0 80 780 Jul 10 325.5 325.5 325.5 20 380 Aug 10 325.0 210
      187 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 25 Mar 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 10.06.2010 0.38 1-Year BY*****N 01.11.2010 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.33 104.37 104.36 5-Year N*****0N 1.375 01.10.2014 100.35 100.41 100.40
      88 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 25 Mar 9 As at 9am Mar 9 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2620 1.3000 Can dollar 1.3530 1.3700 Euro 1.8960 1.9180 NZ dollar 0.9710 0.9930 Sterling pound 2.0910 2.1150 US dollar 1.3930 1.4090 Local dollars to 100 units
      134 words
    • Article
      Lock icon INTERBANK RATES
      177 25 Mar 9 $S Offer Bid Overnight 0.05 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.23 0.18 1 month 0.29 0.24 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
      177 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2468 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 1.5 1 4 22 3.00 23 2036 Advance SCT W*****9 0.5 1 87 2400 7.00 5
      2,468 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 25 Mar 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.936 6.218 0.668 7.068 41.480 83.853 0.819 10.335 3.043 1.300 76.975 41.676 1.276 6.742 0.978 29.005 29.806 0.607 0.911 Canada 1.069 6.645
      465 words
    • Article
      Lock icon PRECIOUS METALS
      140 25 Mar 9 GOLD (US$/oz) Mar 09 Mar 08 Hong Kong 1123.80 1135.30 Mar 08 Mar 05 London 1124.55 1139.70 1125.35 1140.50 Source: Thomson Reuters CAST BAR Mar 09 (S$) Selling Buying Kilobar "54,332.46" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 345.61 253 10gm 617.39
      140 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Mar 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2747 1.2765 0.9107 0.9112 Canadian dollar 1.3622 1.3639 0.9732 0.9736 Euro 1.9072 1.9091 1.3626 1.3628 NZ dollar 0.9803 0.9815 0.7004 0.7006 Sterling pound 2.0989 2.1014 1.4995 1.5000
      154 words
    • Article
      Lock icon LONDON METALS
      69 25 Mar 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2200.25 2199.75 3 months 2231.00 2230.00 Copper, Grade A (US$/tonne) Cash 7436.75 7514.00 3 months 7470.00 7545.00 Lead (US$/tonne) Cash 2231.75 2207.25 3 months 2257.50 2230.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon CHICAGO BOT
      105 25 Mar 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 940.50 934.75 944.75 932.00 May 10 948.00 942.75 952.75 938.75 Jul 10 956.00 950.50 960.50 947.25 Aug 10 953.25 947.75 956.25 945.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 39.95 39.72 40.23
      105 words
    • Article
      Lock icon LIFFE
      77 25 Mar 8 COCOA (£/tonne) Close Prev High/Low Mar 10 2144 2156 2155/2139 May 10 2163 2176 2179/2157 Jul 10 2156 2167 2166/2153 Sep 10 2128 2137 2136/2126 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1190 1200 1199/1191 May 10 1222 1232 1241/1217 Jul 10 1258 1268 1276/1254 SUGAR (US
      77 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Mar 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.19 -0.22 WTI (Near Mth) 81.83 0.07 Dubai (1-Mth F) 78.89 1.10 Tapis blend 84.40 1.25 Minas 82.30 1.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.67 -0.11 Jet Kerosene 87.60 1.25 US$/barrel Opec Oil
      77 words
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      123 25 Always guaranteed market prices, always PureDeal, now with DMA IG MARKETS get thinking FX/CFD trading igmarkets.com.sg '.c. -v i'lse Discover PureDMA PureDeal with Direct Market Access Market depth access Trade inside the market spread Free to active clients Guaranteed market prices as always with IG Markets Find all you need
      123 words
Page thumbnail Page 26
  • EDITORIAL & OPINION
    • Article
      Lock icon Hatoyama deserves more time
      459 26 EDITORIAL JAPAN’S hapless government is being pilloried almost daily and from many different quarters for alleged “weakness and indecision” after only six months in office. Much of the criticism of Prime Minister Yukio Hatoyama and his cabinet colleagues appears to be based on prejudice rather than
      459 words
    • Article, Illustration
      Lock icon Beijing must lower Taipei’s sense of vulnerability
      760 26  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator CHINA’S Foreign Minister Yang Jiechi has denied that his country is being unnecessarily “tough” with the United States, insisting that it is Washington that has damaged bilateral ties by
      760 words
    • Article, Illustration
      Lock icon Boosting citizen safety with a smarter planet
      884 26  -  Law enforcement authorities are using new technologies to reduce urban crime By SHYAM R MAMIDI ,SAYAJI SHINDE Shyam R Mamidi is a partner, IBM Global Business Services and Sayaji Shinde is a public sector executive, IBM Software Group DID you know the Singapore
      REUTERS  -  884 words
    • Article, Illustration
      Lock icon Paying lawyers what they’re worth
      771 27  -  By ROBERT SAWHNEY The writer is managing director of SRC Associates Ltd, a Hong Kongbased firm that works with law and other professional service firms on strategy and marketing issues. He is also the author of ‘Marketing Professional Services in Asia (2009)’ LAW firms in
      771 words
    • Article, Illustration
      Lock icon Wall St economists divided on future
      1222 27  -  Robust recovery or double dip? Long bull market or losing momentum? There’s a big optimist-pessimist gulf out there By BERNARD CONDON AP IF YOU’RE confused about the outlook for the US economy and stocks one year after the market hit bottom, then you’ve got
      AP; AFP  -  1,222 words
    • Article
      Lock icon HK bourse strategic plan a wake-up call for SGX
      486 27  -  LETTERS TO THE EDITOR Tang Cheong Meng WITH reference to the Hock Lock Siew column, “SGX can’t trade on the status quo” (BT, March 9), I couldn’t agree more with the writer Wong Wei Kong. The economies of Hong Kong and
      486 words
    • Article
      Lock icon Why did Pru prefer HK?
      145 27  -  Denis Distant I REFER to your column, “SGX can’t trade on the status quo” (BT, March 9), which compares the Hong Kong stock exchange (HKEx) with the Singapore Exchange (SGX), and in particular the number and value of IPOs launched last year with the former
      145 words
Page thumbnail Page 27
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      1860 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W. Malaysia, Indonesia Destination DD LEADER
      1,860 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 2
      1506 28 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
      1,506 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      1068 29 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
      1,068 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      204 29 MULTI-PURPOSE VESSEL FOR RO/RO, CONTAINER BREAK BULK CARGO VESSEL VOY SIN PK JKT LCH KU MU KK BGS YOK NGO FUJITRANS WORLD 114 13/03 14/03 16/03 19/03 23/03 29/03 30/03 TRANS FUTURE 3 108 27/03 28/03 30/03 02/04 06/04 12/04 13/04 MODERN PEAK 2 04/04 05/04 07/04 09/04 11/04 12/04
      204 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 3
      959 29 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PKL KUC JKT SUR POSITIVE STAR 49 100 10/03 11/03 13/03 15/03 17/03 19/03 PACIFIC LOHAS 24 60 12/03 14/03 17/03 JUTHA PATTHAMA 2 15/03 17/03 NOBLE CORAL 26 60 16/03
      959 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 4
      925 29 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO, COCHIN, NHAVA SHEVA, JEBEL ALI, DAMMAM ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL VOY SIN PKL (W PORT) CMB (JCT2) NSA (NSICT) SCI VIJAY 040W 10 MAR 11 MAR 16 MAR 19 MAR SCI KOLKATA 009W 16 MAR
      925 words
Page thumbnail Page 30
  • executive Money
    • Article, Illustration
      Lock icon Going against the grain pays off
      1040 30  -  APS Asset Management has roared back with a vengeance with several of its funds performing extremely well, reports TEH HOOI LING TEH HOOI LING IN THE past couple of years, Wong Kok Hoi, chairman and chief investment officer of APS Asset Management, has been
      FILE PHOTO  -  1,040 words
    • Article, Illustration
      Lock icon Man Group CEO positive on outlook for hedge fund returns
      627 30  -  Asian private investors are a major market By GENEVIEVE CUA THE outlook for returns among hedge funds is optimistic, says Man Group chief executive Peter Clarke, thanks to a renewed backdrop for “alpha” trades. “As the stimulus that governments and
      YEN MENG JIIN  -  627 words
    • Article, Illustration
      Lock icon The rise of policy risk
      1212 31  -  Developers may find themselves in a Catch-22 situation as the govt trains a more watchful eye on the property market MONEY MATTERS ADRIAN CHUA The writer is an equity analyst for the property sector at DBS Vickers Securities THE phrase “Catch-22”, taken from the title
      1,212 words
    • Article
      Lock icon Rich pickings in high disaster premiums
      602 31  -  By GENEVIEVE CUA INSTITUTIONAL investors searching for uncorrelated assets could consider a segment of insurance where premiums remain elevated and returns relatively attractive. That segment is that of insurance-linked securities, which include catastrophe bonds and forms of reinsurance. Such securities provide capital and liquidity
      602 words
    • Article
      Lock icon Equity funds’ rapid cash depletion may slow market’s rally
      432 31  -  By LYNN THOMASSON Bloomberg [NEW YORK] Equity mutual funds are burning through cash at the fastest rate in 18 years, leaving them with the smallest reserves since 2007 in a sign that gains for the Standard Poor’s 500 Index may slow.
      Bloomberg  -  432 words
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      153 30 MONEY MATTERS The rise of policy risk. PG 31 Si Q y V OCBC Securities Trade shares globally like you're there? Let's talk. To start trading in foreign markets with and .contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. Get a FREE 1
      153 words
    • Advertisement
      Lock icon Page 30 Advertisements Column 2
      8 30 Rich pickings in high disaster premiums, Page 31
      8 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      19 31 -s- Ik Lianhe Zaobao Rising hotel rates in Shanghai put off visitors as World Expo draws near JFHttSP a.msis
      19 words
    • Advertisement
      Lock icon Page 31 Advertisements Column 2
      132 31 XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself
      132 words
    • Advertisement
      Lock icon Page 31 Advertisements Column 3
      154 31 MATS BUY IT-SELL IT• FIND IT NOTICES rjT) HOUSING DEVELOPMENT Li=U BOARD STATE LAND PARCEL AVAILABLE FOR APPLICATION UNDER THE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are: Application Details The prescribed application form is obtainable in HDB Land Sales Website at
      154 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      534 32 db x-trackers Deutsche Bank ETFs V n i China A-share and Indonesia World's 1 st UCITS Ill-compliant ETFs Capture the potential of China and Indonesia China's GDP growth has exceeded 7% every year since 1991 Indonesia's GDP growth per capita was the fastest in Asia over the past 5 years
      534 words