The Business Times, 11 March 2010

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|i!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, March 11,2010
    23 words
  • Article
    Lock icon Rising power prices may raise a sweat
    550 1  -  Increasing demand for electricity coincides with Indonesian gas supply problems By RONNIE LIM [SINGAPORE] Hot weather, increased economic activity, and hiccups in Indonesian gas supplies. A triple whammy that have led to one thing: climbing electricity prices that could impact businesses, according to
    550 words
  • Article
    Lock icon Krishnan may break even but disputes linger
    682 1  -  Ties with Lippo had crumbled; TV issue may still go through Indonesian courts By S JAYASANKARAN THE sale of a 44 per cent interest in Overseas Union Enterprise (OUE) for $957 million will bring closure to a five-year partnership between two South-east Asian
    682 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,862.29 (+22.75) ST INDEX FUTURES 2,857 (+23) SIMSCI 340.13 (+2.99) SIMSCI FUTURES 340.30 (+2.40) FOREX US$ S$ US$ (S$ per US$) 1.399 (US$/S$ per 1.490 2.085 EURO (US$/S$/E) 1.355 1.896 Foreign currency per US$ S$ YEN 90.00 64.30 RM 3.325 2.377 HK$ 7.759 5.547 BAHT 32.68
    141 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Lippo: No change in strategy for OUE
      472 2  -  Group will continue to develop, manage prime landmark properties in region By EMILYN YAP [SINGAPORE] It will be business as usual for Overseas Union Enterprise (OUE), even as Indonesia’s Lippo Group takes sole control of the property firm. “There will be no change
      Source: Bloomberg  -  472 words
    • Article
      Lock icon Economists forecast robust 9.5% first-quarter growth
      398 2 Low-base effect may account for upbeat mood in MAS survey [SINGAPORE] The economy is expected to register robust growth this quarter 9.5 per cent, according to economists’ forecasts though it’ll be more of a technical rebound than anything else. Private sector economists polled last
      398 words
    • Article, Illustration
      Lock icon Yuan may not follow China trade bounce
      590 2  -  Latest numbers may not present full picture, revaluation not likely soon By MALMINDERJIT MALMINDERJIT SINGH [SINGAPORE] China’s better than expected trade results, released yesterday, prompted speculation that a revaluation of the currency may come soon but analysts have warned that this may not
      AP  -  590 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      568 2 Rising power prices may raise a sweat HOT weather, increased economic activity, and hiccups in Indonesian gas supplies. A triple whammy that have led to one thing: climbing electricity prices that could impact businesses, according to sources. The combination of high temperatures and a rise in economic activity
      568 words
    • Article
      Lock icon Clarification
      49 2 some trade may mowould for ComIN “How SMEs can get that bank loan” (BT, March 10), we reported Singapore Manufacturers’ Federation president Renny Yeo as saying SMEs contribute a third of the economy’s total va-lue-add. The federation has clarified that SMEs contribute half of the economy’s total value-add.
      49 words
    • Article
      Lock icon Why is Uncle Sam’s credit rating higher than China’s?
      803 4  -  COMMENTARY By OH BOON PING MOODY’S Investor Services warned last month that the triple A credit rating of the highly geared US economy should not be taken for granted. And that’s hardly surprising, given the intense scrutiny that has now fallen
      803 words
    • Article, Illustration
      Lock icon A giant who still looms over M’sia
      776 4  -  His bewildering mix of assets has turned analysts off BCorp By S JAYASANKARAN SOMETIME in the mid1990s, an analyst attempting to understand Malaysia’s sprawling Berjaya Corporation (BCorp) asked its founder Vincent Tan Chee Yioun whether he would be prepared to sell one of
      BLOOMBERG  -  776 words
    • Article
      Lock icon Oil price seen hitting US$100 by 2011
      452 4  -  UK fund manager cites producers’ tight output capacity By OH BOON PING [SINGAPORE] Crude oil may hit US$100 per barrel by 2011, as demand outstrips supply on tight capacity from the producers, according to a UK-based commodities fund manager. Yesterday, light sweet crude
      452 words
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      317 2 www.itshow.com.sg Suntec Singapore Levels 0, Q, 0, Q 12 noon 9 pm Daily FREE ADMISSION I.T DIGITAL MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE i jgi NOW DIM! Plus Win 1st Prize Of S$20,000 CASH And Other Cash Prizes (One coupon for every $100 paid or deposit placed during the 4
      317 words
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      1177 3 The West Coast Transformed With sleek towers soaring high into the sky, The Vision will be a strong visual landmark in the West Coast ADVERTORIAL The Vision possesses great investment value: home buyers and investors with foresight will recognise its potential. Its presence will also give a lift to property
      1,177 words
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      140 4 Gp mm II#-- I 'f 1 32 S "S 0 M£| '1 J'g t IfttS M N !V^> v- *v>» Br? »-> f: :1 W» n r 5K i 1 rt'ii <!< Basoeki Abdullah, Lee Man Fong, Hendra Gunawan, Ahmad Sadali, Dadang Christanto, Arie Smit Srihadi Soedarsono, Agus Suwage, Putu
      140 words
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  • COMPANY NEWS
    • Article
      Lock icon S-Reits outperform peers for total returns in 2009
      493 5  -  They posted returns of 85.6%; Asian Reits performed well as a region: study By UMA SHANKARI REAL estate investment trusts (Reits) in Singapore have outperformed their counterparts in other major markets in terms of total returns in 2009, according to a report
      493 words
    • Article
      Lock icon Arbitrage potential in Swissco takeover
      731 5  -  HOCK LOCK SIEW By VEN SREENIVASAN EVERY now and then, market imperfections throw up arbitrage potential from corporate activity. One such opportunity may just be emerging in the ongoing takeover of offshore services specialist Swissco International by Catalyst-listed C2O Holdings. In October last year, Swissco
      731 words
    • Article
      Lock icon SSC buys car carrier for US$50m
      292 6  -  By VINCENT WEE SINGAPORE Shipping Corporation (SSC) has finally taken the plunge after biding its time, with the US$50 million purchase of a pure car truck carrier. The purchase of the MV Boheme from the Wallenius Group will be funded by internal resources and
      292 words
    • Article
      Lock icon SATS sets up new MTN facility
      408 6  -  $500m open-dated programme with no expiry period replaces earlier one By VEN SREENIVASAN SINGAPORE Airport Terminal Services (SATS) has established a new $500 million multicurrency medi-um-term note (MTN) programme to help finance potential investments and expansion. The latest note pro- gramme replaces its 10-year
      408 words
    • Article
      Lock icon Super Coffeemix rebranding for stronger growth
      375 6  -  By KAREN NG SUPER Coffeemix is starting a 12-month rebranding exercise as it moves to another level of growth. It aims to refresh its brand identity with the help of London-based consultancy The Brand Union (TBU). The exercise will cost about $600,000, of which
      375 words
    • Article
      Lock icon Sembcorp finishes 2nd wastewater plant in China
      325 6  -  By VINCENT WEE SEMBCORP continues to expand the footprint of its highconcentration industrial wastewater treatment business in China, announcing yesterday the completion of its second facility: a 12,500 cubic metres per day plant in the Nanjing Chemical Industrial Park (NCIP). The plant will
      325 words
    • COMPANY BRIEFS
      • Article
        Lock icon SGX in deal to launch India-linked products
        142 6 SINGAPORE Exchange (SGX) yesterday said it expects to offer options on the S&P CNX Nifty Index the leading index for large companies on the National Stock Exchange of India and related products in the coming year. SGX and the National Stock Exchange of
        142 words
      • Article
        Lock icon LifeBrandz’s Q2 loss narrows
        33 6 LIFEBRANDZ Ltd’s net loss for the second quarter ended Jan 31, 2010, narrowed to $170,000 from $1.10 million a year earlier. Revenue slipped one per cent to $8.19 million.
        33 words
    • Article
      Lock icon Banyan Tree files petition to wind up Bahrain firm
      368 8  -  Its says owner of Banyan Tree Bahrain has not repaid $1.1m debt By WINSTON CHAI BANYAN Tree Holdings has found itself at the centre of a third legal tussle within a seven-month period by seeking to wind up Bahrain firm Al
      368 words
    • Article
      Lock icon OCBC research arm maintains buy calls on Noble, Olam
      323 8  -  By OH BOON PING THE stabilisation in commodity markets bodes well for supply chain managers, says OCBC Investment Research, which favours Noble and Olam. The research house has maintained “buy” ratings on both counters, with respective fair values of $3.75 and
      323 words
    • Article
      Lock icon Aztech diversifies into food business
      187 8  -  By ONG BOON KIAT MATERIALS supply, marine logistics, property, lighting and now, the food business. Tech old-hand Aztech Group, seemingly on a whirlwind diversification trek for the past two years, yesterday declared its foray into the canned and frozen food market. In a posting to
      187 words
    • Article
      Lock icon Tiger passenger traffic up 90% in February
      355 8  -  By VEN SREENIVASAN TIGER Airways Holdings yesterday reported strong February operating numbers for its Singapore and Australia operations. The budget carrier, which was listed last month, flew 437,000 passengers network-wide during the month a 90 per cent increase from February 2009. Contributing to
      355 words
    • Article
      Lock icon Lankom Electronics to buy two property firms in $586m RTO deal
      259 8  -  By UMA SHANKARI LANKOM Electronics, which was placed on the Singapore Exchange (SGX) watch-list last week, has proposed to acquire two property firms in a $586 million reverse takeover (RTO) deal. Under a conditional agreement signed, Lankom will buy
      259 words
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      Lock icon Page 5 Advertisements Column 1
      121 5 Eco-friendly Development kr Jj»: Sustainable Businesses «BSK»:aE»2F^.: .35. v.^ Ml J»i5$ nil a 1 SB =«s Welcome to CleanTeoh Park Singapore's first eoo-business park! We will house an exciting community of companies and talents, fostering collaborative opportunities and strategic alliances to have a head start in commercialising the next new
      121 words
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      270 6 Ultima Chelsea Bridge Wharf, London SW8 Chelsea Bridge Wharf f. V -,*V ff -> \i<r WM -JKR, ?;r li \X «3 *<?fV -s rj ■jm WW **x-» r *<# c -V I?- iMi* 0 r* «<• V: i i! lift Computer generated and enhanced aerial image of Chelsea Bridge Wharf
      270 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI decoupling from Hong Kong?
      620 7  -  Local bourse more likely buying ahead of US; firmness lends confidence to punters in the rest of the market STOCKS R SIVANITHY Senior Correspondent HOPESranhighamong brokers yesterday that the local stock market might finally have decoupled from Hong Kong when the Straits Times Index remained
      Source: Bloomberg  -  620 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 7 Mar 10 VALUE CLOSE BT OB/OS 275.00 +135.0 BT CADI -*****.00 +181.0 BT 10-day MA -*****.00 +27.00 FTSE ST Mid Cap 694.11 +5.96 FTSE ST Small Cap 546.01 +7.93 FTSE ST All Share 707.10 +5.93 FTSE ST China Top 283.38 +5.17 FTSE ST China 299.04 +2.88 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 7 VOLUME Golden Agri 137,521,000 Genting SP 95,867,000 Z-Obee Hldgs 52,075,000 Ying Li 48,938,000 China Hongxing 44,493,000 Yangzijiang 41,021,000 Eastgate Tech 38,600,000 ChinaNTown 32,977,000 GMG Global 29,990,000 IndoAgri 26,842,000 VALUE($) Genting SP 89,422,865 Golden Agri 80,592,375 SIA 69,194,120 DBS Grp 68,031,985 SingTel 61,691,450 IndoAgri 61,431,840 Noble Grp 59,717,306
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 4 1 0 0 0 13 4 1 Manufacturing 78 32 81 10 5 11 88 37 92 Commerce 29 12 25 5 0 4 34 12 29 Tpt/Stor/Comms 23 9 11
      186 words
    • BROKER’S TAKE
      • Article
        Lock icon TPV Technology Limited
        287 7  -  Compiled by JOYCE HOOI March 10 close: $0.925 CIMB-GK RESEARCH, March 10 MAINTAIN “outperform”. We raise our FY2009-2011 profit forecasts by 15-25 per cent to factor in higher sales and margin assumptions. As business has stabilised, we switch from P/BV to P/E valuation to derive our new
        287 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 7 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 28,994 28,994 83,717 83,717 Manufacturing 410,017 19,691 429,708 320,386 1,131 321,517 Commerce 101,285 20,289 121,574 132,173 8,832 141,005 Tpt/Stor/Comms 146,126 1,527 147,653 280,482 250 280,733 Finance 22,945 22,945 150,648 150,648 Construction 44,633 23,911 68,544 16,338
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 7 Stock name Close Change CapitaLand 3.910 -0.030 CapitaMall 1.870 +0.020 CityDev 10.220 +0.020 ComfortDelGro 1.540 Cosco Corp 1.270 +0.020 DBS Grp 14.100 +0.020 F&N 4.440 +0.020 Genting SP 0.940 +0.025 Golden Agri 0.595 +0.035 HK Land 4.880 +0.010 JMH 32.280 +0.340 JSH 18.900 +0.100 Jardine C&C
      113 words
    • Article, Illustration
      Lock icon Yen slips amid monetary easing expectations
      522 7 CURRENCIES Reuters [LONDON] The yen slipped yesterday, giving back recent gains, amid increasing expectations that the Bank of Japan will adopt further easing measures, while the pound sterling fell on persistent credit and economic concerns. The Japanese currency had been gaining near-term support from
      Reuters; AFP  -  522 words
    • Article
      Lock icon RISES
      108 7 BY CENTS CLOSE UP Lyxor LatinAmerica 1 846 71.3 6.4 GLD 10US$ ***** 62.9 0.4 SIA.ES.1003 1592 58.0 3.8 SIA 1594 54.0 3.5 SIA 200 1590 50.0 3.2 OCBC Bk 5.1%NCPS 100 ***** 48.0 0.5 JMH 3228 47.5 1.1 DBXT MSKorea 10US$ 4742 42.0 0.6 DBXT FTVietnam 10US$ 4543
      108 words
    • Article
      Lock icon FALLS
      118 7 BY CENTS CLOSE DOWN Thai Prime Fd 100-815.2 -85.4 OUE 1180 -18.0 -1.5 STI 2950SGAePW*****7 34 -13.5 -28.4 Spore Land 659 -11.0 -1.6 YHS 165 -10.0 -5.7 Total Access 101 -8.4 -5.6 Haw Par Corp 593 -7.0 -1.2 Jardine C&C 2686 -6.0 -0.2 STXPO 100 1586 -6.0 -0.4 Biosensors.ES.1003
      118 words
    • Article
      Lock icon CURRENCIES
      87 7 Where S$ stands Mar 10 CHNG YR 2010 CLOSE FR Mar 9 S$ LOW S$ HIGH US$ 1.3989 0.08 1.4219 1.3869 Euro 1.9001 0.36 2.0153 1.8959 Pounds 2.0848 0.85 2.2776 2.0848@ A$ 1.2813 -0.44 1.2923 1.2276 Yen* 1.5492 0.35 1.5927 1.5027 Rupiah* 0.***** -0.19 0.*****# 0.***** Baht* 4.2826 -0.07
      87 words
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      Lock icon Page 8 Advertisements Column 1
      529 8 ZB SME INFOCOMM SEMINAR 2010 S" jr* v V M w N V v 4 ■A V\>J> y> v \\Vo k «l\ r" s l/ 11 "InfocommVFuel Productivity, Fast-forward Your Business" .An rnslrumental business tool in enabling excellence and productivity, infocomm empowers Small-and-Medium Enterprises with easy access to information, optimal
      529 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Help in the works for smaller private schools
      569 9  -  Support scheme will smoothen their transition to new regulatory regime YESTERDAY IN PARLIAMENT Reports by TEH SHI NING A SUPPORT scheme is being formulated for smaller players in the private education sector that may have difficulty transiting to the new regulatory regime
      FILE PHOTO  -  569 words
    • Article, Illustration
      Lock icon US tech firm Form Factor opens $30m facility here
      413 9 AMERICAN technology company FormFactor said yesterday that its new $30 million facility in Singapore will become the sole source of the component at the heart of its manufacturing process. But the facility, officially opened yesterday, is a lot smaller than the
      413 words
    • Article
      Lock icon New support measures for families with special needs
      574 9 TWO new initiatives to support children with special needs and their families were announced in Parliament yesterday one to defray costs of care and the other to encourage saving for long-term care. The first is a $300 monthly subsidy from the Ministry
      574 words
    • Article, Illustration
      Lock icon Bank customers here a demanding lot: poll
      493 10  -  Most bank with multiple institutions, many also want customised service By EMILYN YAP A CONSIDERABLE number of bank customers in Singapore appear pretty hard to please, according to a survey conducted by the IBM Institute for Business Value. Findings show that most of
      Source: “Fit, Focused and Ready to Fight: How banks can get in shape for the battle ahead”, IBM Institute for Business Value  -  493 words
    • Article
      Lock icon Go-ahead for ANZ to buy RBS’s S’pore assets
      382 10  -  By CONRAD CONRAD TAN AUSTRALIA and New Zealand Banking Group has received approval from the Monetary Authority of Singapore to buy Royal Bank of Scotland’s businesses in Singapore, part of a deal that ANZ announced last August. ANZ said it had received
      382 words
    • Article
      Lock icon Local companies lag west on code of conduct
      404 10  -  By JOYCE HOOI LOCAL firms appear to have some catching up to do where a formal framework for business ethics is concerned. A survey of local firms by the National University of Singapore Business School, the Singapore Compact for Corporate Social Responsibility
      404 words
    • Article
      Lock icon Female say in family spending rising: survey
      334 10 WHEN women rule the world was a television show that aired in the United Kingdom but it looks like it is becoming a reality here. A MasterCard survey has found that 67 per cent of women believe that they control the household’s purse
      334 words
    • Article
      Lock icon COE premiums surge across the board
      254 10 CONTINUING expectations of cuts in certificate of entitlement (COE) quotas kept premiums rising in the latest bidding exercise, with increases in all categories, especially for the popular Category B for cars above 1,600cc this leapt $2,500 to $26,389, even higher than the previous period’s
      254 words
    • Article, Illustration
      Lock icon M’sia conference to woo private investment, FDI
      389 10  -  By TIMOTHY SEOW THE Invest Malaysia 2010 conference aims to boost flagging private investment by highlighting Malaysian companies that are “regional and global champions”, as well as foreign direct investment (FDI) opportunities. At a conference themed “Powering Global Excellence” in Kuala Lumpur on
      BLOOMBERG  -  389 words
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      208 9 Sn i mageRUNNER ADVAN C E Canon Delighting You Always advanced Environmental responsibility advanced file conversions advanced adobe integrations advanced storage advanced integration to enterprise systems advanced security advanced remote operations advanced scanning advanced authen ticat ion advanced image gualitg Advanced made simple for you. What is the new imageRUNNER
      208 words
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      226 10 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg HEALTHWAY MEDICAL CORPORATION LIMITED Company Registration No. *****8625C (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate has been reported lost, destroyed or mislaid Name Certificate No. No. of Shares Wellpool International Limited *****4
      226 words
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      204 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LANKOM (SINGAPORE) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company No: *****0351C) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the
      204 words
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      197 10 7 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF GRIFFIN PETROCHEMICAL PRIVATE LIMITED COMPANY REGISTRATION NUMBER *****7003C (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of the
      197 words
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      24 10 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      24 words
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  • ECONOMY WATCH
    • Article
      Lock icon As Fed ends loan scheme, policy challenges arise
      739 11 It now faces critical decisions on when and how to tighten monetary policy NYT [ARLINGTON, Virginia] The Federal Reserve has terminated nearly all of the extraordinary lending programmes it created in 2007 to combat the credit crisis. But it now faces critical
      NYT  -  739 words
    • Article, Illustration
      Lock icon US economists raise March growth forecast
      265 11 Reuters [WASHINGTON] US economists have raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released yesterday. Economists surveyed earlier this month in the Blue Chip Economic Indicators
      Reuters; AFP  -  265 words
    • Article
      Lock icon Credit default swaps only helped, not harmed, Greece: analysts
      787 11 Without them borrowing costs will go up as investors will be less ready to buy debt AP [NEW YORK] Derivatives have become a dirty word. The complex financial products helped blow up the US housing market. They all but sank AIG.
      AP  -  787 words
    • Article, Illustration
      Lock icon Japan deflation slows but no let-up on BOJ
      545 11  -  Bank likely to move to lower long-term interest rates By ANTHONY ANTHONY ROWLEY THE pace of wholesale price deflation in Japan slowed somewhat last month but not enough to take political pressure off the Bank of Japan (BOJ) which is being urged
      545 words
    • Article
      Lock icon Europe acts to curb trading in credit default swaps
      556 11 Traders blamed for using instrument to deepen Greece crisis LAT-WP [BRUSSELS] Europe moved ahead of the United States on Tuesday in advocating new measures to ban certain types of financial speculation, after concerns surfaced that traders used complex financial instruments to
      LAT-WP  -  556 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia must build more roads to revive car demand
      510 12 Bloomberg [SINGAPORE] PT Astra International, Indonesia’s biggest car dealer, says that the nation must build more roads and keep interest rates low to revive demand for Toyota Motor Corp cars that slumped amid last year’s global recession. “One prerequisite to have
      Bloomberg  -  510 words
    • Article, Illustration
      Lock icon Jakarta debt on way to investment grade
      646 12 Sri Mulyani expects it within one year; economists say reforms needed first Reuters [JAKARTA] Indonesia should be able to reach investment grade within one year, Finance Minister Sri Mulyani Indrawati said on Tuesday, in a more confident assessment than many analysts who still
      Reuters; FILE PHOTO  -  646 words
    • Article, Illustration
      Lock icon Malaysia’s palm oil output at lowest in 3 years
      641 12 Bloomberg [KUALA LUMPUR] Palm oil production in Malaysia, the world’s second-largest grower, slumped to the lowest level in almost three years last month, draining stockpiles amid concerns that dry weather will limit supplies this year. Output dropped 12 per cent to
      Bloomberg; REUTERS  -  641 words
    • Article
      Lock icon Bali bombing suspect confirmed killed in raid
      459 12 AP [JAKARTA] Indonesian counterterror authorities won international praise yesterday for killing a top-ranked South-east Asian militant wanted for planning the deadly 2002 Bali bombings. Police also revealed that bomb-making materials were found in one of two raids near Jakarta on Tuesday that killed
      AP  -  459 words
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      166 12 How to run a business without running out of ideas. THE MAGAZINE Daughters of a better age Replicating i good btsiaeit No coUatctal? No probltra ■Iqkt fir... SPRING March-April Out Now! Can SHE do better? With women getting equal education opportunities, we feature daughters who are proving themselves competent enough
      166 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China inflation seen rising in February
      725 13 Likelihood of central bank raising interest rates from 5-year low increasing Bloomberg [TAIPEI] China’s inflation accelerated last month, according to a survey of economists, increasing the likelihood of the central bank raising interest rates from a five-year low. Consumer prices rose 2.5 per cent
      Bloomberg; REUTERS  -  725 words
    • Article
      Lock icon Taiwan acts to drain excess cash, cool asset prices
      360 13 Bloomberg [TAIPEI] Taiwan’s central bank is using open-market operations to drain excess cash from the nation’s financial system, a bank official said, as policy makers seek to avoid excess liquidity fuelling asset prices. The central bank has been issuing negotiable certificates
      Bloomberg  -  360 words
    • Article
      Lock icon Taiwan regulator sets conditions for AIG deal
      295 13 Reuters [TAIPEI] Taiwan’s top financial regulator has set five conditions for a review of AIG’s stalled US$2.2 billion sale of its unit Nan Shan Life Insurance Co, and will give a report on the deal to the island’s parliament today. According to a
      Reuters  -  295 words
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      147 13 The New 2010 Honda CR-V. Control the roads in style. The 2.0L RVi and the 2.0L RVSi deliver 150ps, and the 2.4L RVSi delivers 170ps A 5-speed automatic transmission gives you a powerful and smooth drive Newly designed 17" and 18" alloy wheels Stylish new front grille Sporty new front
      147 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Govt to borrow more from market in first half
      311 14 Reuters [NEW DELHI] India will raise by September more than half of its record US$100 billion planned borrowing for the financial year that begins on April 1, a top adviser said yesterday, allowing more space for private borrowing as the economic
      Reuters  -  311 words
    • Article
      Lock icon China to set up US-like trade office
      465 14 The trade representative office will work closely with China’s permanent mission to the WTO Reuters [BEIJING] China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world’s third-largest economy faces a growing number of commercial disputes. The
      Reuters  -  465 words
    • Article, Illustration
      Lock icon China, India give qualified nod to climate deal
      438 14 AP [AMSTERDAM] China joined India on Tuesday in giving qualified approval to the Copenhagen climate accord calling for voluntary limits on greenhouse gas emissions. The official messages to the UN climate change secretariat did little to ease the pessimism that a legal
      AP  -  438 words
    • Article, Illustration
      Lock icon Citic Pacific swings to profit again after currency bets bailout
      498 14 Bloomberg [HONG KONG] Citic Pacific Ltd, an investment company backed by China’s Cabinet, rebounded to an annual profit after it sold assets and was bailed out for losses incurred on currency bets. Net income was HK$5.95 billion (S$1.07 billion), or
      Bloomberg  -  498 words
    • Article
      Lock icon China Mobile in Pudong bank stake deal
      511 14 Company will pay US$5.8b for 20% stake of the lender Reuters [HONG KONG] China Mobile will pay US$5.8 billion for 20 per cent of Shanghai Pudong Development Bank, the company said yesterday, a move it hopes will help it dominate the country’s nascent
      Reuters  -  511 words
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  • INDIA
    • Article, Illustration
      Lock icon Russia eyes over US$10b deals with India
      563 15 Putin to discuss global economic issues with Indian PM in Delhi Reuters [MOSCOW] Russia plans to sign over US$10 billion worth of deals with India during the visit of Prime Minister Vladimir Putin this week, Mr Putin’s deputy, Sergei Sobyanin, said yesterday. The
      Reuters; ST ILLUSTRATION  -  563 words
    • Article
      Lock icon Govt mulling new tourist visa guidelines
      473 15 Bernama [NEW DELHI] The Indian government on Tuesday said it was ready to revisit the new guidelines issued for granting tourist and conference visas if there were genuine grievances, Press Trust Of India (PTI) reported. India’s Home Secretary Gopal K Pillai said the government
      Bernama  -  473 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      462 15 Govt mulling new tourist visa guidelines [NEW DELHI] The Indian government on Tuesday said it was ready to revisit the new guidelines issued for granting tourist and conference visas if there were genuine grievances, Press Trust Of India (PTI) reported. India’s Home Secretary Gopal K Pillai said the government has
      462 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Economic data proves Obama critics wrong
      495 16 But voters give his administration little credit for its performance Bloomberg [WASHINGTON] The political consensus may be that US President Barack Obama’s handling of the economy has been weak. The judgment of money in all its forms has been overwhelmingly positive, and that may
      Bloomberg  -  495 words
    • Article
      Lock icon Bailed out US companies see their stocks surge
      382 16 AP [WASHINGTON] Shares of four companies that have received huge infusions of taxpayer cash soared on Tuesday after a report that the government would sell its stake in Citigroup raised hopes that other bailed-out companies would follow. Shares of Citi rose 26
      AP  -  382 words
    • Article
      Lock icon Japan pension fund to retain its model despite low returns
      491 16 Reuters Bloomberg [TOKYO] Japan’s public pension fund, the world’s largest, will not change its asset allocation model for the next five years after the health ministry urged the fund to keep investing in safe assets, the Nikkei business daily reported.
      Reuters; Bloomberg  -  491 words
    • Article, Illustration
      Lock icon Class action suits may cost Toyota US$3b
      804 16 AP [MIAMI] Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class action lawsuits that could cost the Japanese auto giant US$3 billion or more, according to an Associated Press review
      AP  -  804 words
    • Article
      Lock icon Thai central bank mulls rate rise to ‘normal’ levels
      460 16 Reuters [BANGKOK] Thailand’s central bank said yesterday that it was considering following Malaysia in raising rates from record lows to return policy to normal settings but the domestic political crisis made the timing highly uncertain. It left its key policy rate
      Reuters  -  460 words
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  • WORLD
    • Article
      Lock icon Senate closing in on deal to create US$50b trust fund
      658 17 Money from fees on big financial firms to be used to shut failing institutions Bloomberg [WASHINGTON] Senate negotiators are closing in on a deal to create a US$50 billion trust fund from fees on large financial firms that may include
      Bloomberg  -  658 words
    • Article, Illustration
      Lock icon COMING UP ROSES
      57 17 [MUNICH] A visitor viewing US artist Cy Twombly’s “untitled (roses)” at the Brandhorst Museum here. The museum, which opened in May last year, displays about 200 exhibits from the modern art collection of the heirs of the Henkel trust, Udo and Anette Brandhorst. In 2009, the Brandhorst
      AFP  -  57 words
    • Article
      Lock icon AIG asset sales reap paper gains for bondholders
      620 17 Bond value jumps more than US$3b to 18-month highs Bloomberg [NEW YORK] Bondholders of American International Group reaped at least US$3.2 billion after the bailed-out company announced deals to sell its two largest non-US life insurance divisions for US$51 billion. AIG’s US$78
      Bloomberg  -  620 words
    • Article
      Lock icon Millionaires’ club in US up 16%: study
      409 17 This marks a turnaround from minus 27% in 2008 Bloomberg [NEW YORK] The millionaires’ club in the United States grew by 16 per cent last year a sharp reversal after their number fell 27 per cent in 2008. Families with a net worth
      Bloomberg  -  409 words
    • Article
      Lock icon CEO bonuses in US cut up to 59% last year
      219 17 Reuters [NEW YORK] US consumer, financial and technology companies slashed bonuses for their chief executives by more than half last year, a leading firm that tracks pay data said on Tuesday, as companies moved to more closely tie executive pay
      Reuters  -  219 words
    • Article
      Lock icon MGM Mirage sells 10-year bonds to repay loans
      396 17 Bloomberg [LAS VEGAS] MGM Mirage, the biggest casino owner on the Las Vegas Strip, sold US$845 million of bonds to repay some of its loans under an arrangement that it already struck to extend the borrowings. The senior secured 9 per cent
      Bloomberg  -  396 words
    • Article, Illustration
      Lock icon Reinsurers see US$7b in claims from Chile quake
      605 18 But the losses are unlikely to raise insurance prices, analysts say Reuters [ZURICH] Last month’s huge earthquake in Chile might cost the insurance industry up to US$7 billion in damage claims, the world’s top two reinsurers say, but it looks unlikely to
      Reuters; AP  -  605 words
    • Article, Illustration
      Lock icon Oil traders place spring bets on petrol
      757 18 Massive speculative inflows boost petrol over distillates Reuters [LONDON] Some of the boldest speculative oil traders at banks and hedge funds are betting on a return of petrol’s strength ahead of peak summer demand, bringing an early shift to summer from winter to
      Reuters; REUTERS  -  757 words
    • Article
      Lock icon Glencore profit down 43%, expects volatile recovery
      364 18 Reuters [LONDON] Commodity trader Glencore, which recently took first steps towards a possible stockmarket flotation, has warned of a bumpy recovery after posting a 43 per cent fall in 2009 net profit on weak prices hit by the downturn. The Switzerland-based group, which
      Reuters  -  364 words
    • Article
      Lock icon SEC economist quits over new short-selling rule
      546 18 Bloomberg [WASHINGTON] The Securities and Exchange Commission’s top economist is leaving the agency after chairman Mary Schapiro merged his office with another and commissioners passed short-selling rules that hedge funds said ignored financial analysis. James Overdahl, whose office reviews potential regulations to determine
      Bloomberg  -  546 words
    • Article
      Lock icon Abbot buys immunology specialist Facet
      324 18 Bloomberg [NEW YORK] Abbott Laboratories, maker of the arthritis drug Humira, agreed to buy Facet Biotech Corp for US$27 a share in cash, for a net US$450 million, adding experimental medicines in cancer and immunology. The price is a 67 per cent premium over Facet’s
      Bloomberg  -  324 words
    • Article
      Lock icon BOA drops overdraft fees on card purchases
      287 18 Reuters [CHARLOTTE, North Carolina] Bank of America said on Tuesday it will no longer charge overdraft fees on debit card purchases as of this summer, a move that may cost millions in fee income. The change will eliminate one of the most common
      Reuters  -  287 words
    • Article, Illustration
      Lock icon IMF suggests fund-raising programmes
      547 19 Move is rare step as it does not develop environmental policies normally CLIMATE CHANGE AP [NAIROBI] The head of the International Monetary Fund (IMF) on Monday proposed a plan for the world’s governments to pool together to raise money needed to adapt to climate change, a
      AP; AFP  -  547 words
    • Article
      Lock icon Chocolate fuelled race car not a nutty idea after all
      264 19 Reuters [BOSTON] Fuelled by leftover chocolate and with components made from carrots, potato starch and flax, the world’s first sustainable Formula 3 racing car has a top speed of 135 miles per hour and can go from zero to 60
      Reuters  -  264 words
    • Article, Illustration
      Lock icon Electric cars set to drive demand for lithium
      628 19 NYT [NEW YORK] For many years, few metals drew bigger yawns from mining executives than lithium, a lightweight element long associated mostly with mood-stabilising drugs. Suddenly, the yawns are being replaced by eurekas. As awareness spreads that lithium is a crucial ingredient
      NYT; REUTERS  -  628 words
    • Article
      Lock icon Great deal of consensus on climate policy, says Kerry
      507 19 Bloomberg Reuters AP [WASHINGTON] A bipartisan group of lawmakers achieved a “great deal of consensus” on energy policy at the White House on Tuesday, Senator John Kerry said. He said he is moving “rapidly” to introduce legislation on the subject. President
      Bloomberg; Reuters; AP  -  507 words
    • Article
      Lock icon EU seeks to revive global climate talks
      383 19 Bloomberg [STRASBOURG] The European Union must show leadership in the fight against climate change and should “swiftly” enact the Copenhagen Accord, the EU’s executive said in its strategy to revive global talks. The 27-nation EU should press for a legally binding global climate-pro-tection
      Bloomberg  -  383 words
  • Page 17 Advertisements
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      26 17 SK Lianhe Zaobao How has Prima Deli bounced back from food poisoning saga? •ft JS To subscribe, call 6388-3838 or go to sphsubscription.com.sg ■I HI m
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  • EDITORIAL & OPINION
    • Article
      Lock icon Limits to taxing the super-rich
      484 20 EDITORIAL TAXES for some people were actually raised in the recent Budget but judging by the apparent indifference of those affected, one could assume that these folks do not actually mind paying more. Perhaps they even agree with Finance Minister Tharman Shanmugaratnam that the tax
      484 words
    • Article, Illustration
      Lock icon Are today’s young the ‘chump’ generation?
      765 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE “generation gap” endures as a staple of American political and social analysis. The notion that the special circumstances and experiences of each succeeding cohort imbue it with different perceptions and values seems intuitively
      The Washington Post Writers Group  -  765 words
    • Article, Illustration
      Lock icon A China bust? No way; better worry about West
      1022 20  -  Doing things its own way has helped China to be where it now stands economically ANTHONY ROWLEY Tokyo Correspondent FEW, if any, are promoting “collapsist” theories about China of the kind often heard in relation to North Korea, but the notion
      AP  -  1,022 words
    • Article, Illustration
      Lock icon With a win like this, who needs defeat?
      1131 21  -  Despite all their wrong assumptions, American neoconservatives continue to call Bush’s strategy in Iraq a ‘victory’ LEON HADAR Washington Correspondent THE recent election in Iraq seems to have triggered a wave of historical revisionism among American neoconservatives. Most neoconservatives abandoned the we’ve-turned-the-corner-in-Iraq
      AP  -  1,131 words
    • Article, Illustration
      Lock icon Heed Keynes’ advice about tightening
      1034 21  -  By DAVID BLANCHFLOWER The writer, a former member of the Bank of England’s monetary policy committee, is professor of economics at Dartmouth College and the University of Stirling. The opinions expressed are his own JOHN Maynard Keynes wrote during the Great Depression that only “fools
      1,034 words
    • Article
      Lock icon Professionalise directorship
      512 21  -  LETTER TO THE EDITOR Tan Lye Huat I REFER to your article, “Time to beef up governance disclosure” (BT, March 9). As a practising independent director, I agree with the observations about the problems with the corporate governance statements in annual reports and the reasons offered by the
      512 words
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  • AVIATION
    • Article, Illustration
      Lock icon Cathay surges on return to profit
      600 22 Carrier chalks up full-year net income of HK$4.7b but sales drop 23% Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong’s biggest carrier, rose the most in about a month after posting a bet-ter-than-expected profit on capacity cuts and the sale of a stake
      Bloomberg; AFP  -  600 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2884 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Amsterdam LO4031 0610 KL836 0125 SQ323 0610 AZ3993 2250 US5410
      2,884 words
    • Article
      Lock icon Testing of Boeing’s new 787 continues apace
      298 22 AP [MINNEAPOLIS] Boeing Co is putting its new 787 through an aggressive flight-testing schedule, with the fourth plane set to begin test flights on Sunday. Boeing aims to deliver the plane to its first customer by the end of this year. By mid-year
      AP  -  298 words
    • Article
      Lock icon QuEST setting up global HQ in Singapore
      490 22  -  It will put US$50m into operations here over next 5 years By VEN SREENIVASAN [SINGAPORE] India-based engineering and testing solutions specialist QuEST Global Engineering yesterday announced plans to establish its international headquarters in Singapore with effect from April 1. The company, which provides
      490 words
    • Article
      Lock icon Slow growth in US air travellers
      289 22 Bloomberg [WASHINGTON] US airline passenger numbers will reach one billion in 2023, two years later than previously projected, because of slow economic growth, the Federal Aviation Administration (FAA) says. The revision in the agency’s annual forecast follows an “unprecedented” drop in operations last year,
      Bloomberg  -  289 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      345 22 CRYPTIC CROSSWORD Across 7 Plays theatrically as cast maybe (4,3) 8 Type of creature destroyed by lindane (7) 10 Game advice naughtily given to illegal dumpers? (3-3-3) 11 Intestinal condition with release of some bile usually (5) 12 Willing to study, having the yen (5) 13 Three possibly dazed when
      345 words
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  • Page 23 Advertisements
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      2214 23 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
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      Lock icon Page 23 Advertisements Column 2
      1362 23 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:
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  • SHIPPING
    • Article
      Lock icon Baltic Trading taps US$228m in NYSE listing
      416 24 It’s the second firm this year to price shares within its forecast range Bloomberg [NEW YORK] Baltic Trading Ltd, the New York-based shipping company formed to operate dry-bulk vessels, raised US$228 million in its initial public offering after selling shares at the low
      Bloomberg  -  416 words
    • Article
      Lock icon West-bound container trade rises 10.6% in Jan
      178 24 Reuters [LONDON] Ship container volumes from Asia to Europe rose for a third consecutive month in January, growing by over 10 per cent year on year in the biggest monthly rise since records started in October 2008, data on Tuesday showed. This increase
      Reuters  -  178 words
    • Article
      Lock icon China Navigation opens head office here
      305 24  -  By VINCENT WEE [SINGAPORE] With the hard work and the active encouragement of the Maritime and Port Authority (MPA), Singapore saw yet another big shipping industry player set up shop with the Swire Group’s deep-sea shipowning and operating arm China Navigation Co (CNCo) opening
      305 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      816 24 NYKLOGISTICS M EGACARRIER Packed into an NYK containership in Victoria Harbour, Canada, a shipment of choice soybeans begins a Pacific voyage. Shortly after arrival in Kobe, Japan, the soybeans are loaded onto trucks headed for a venerated tofu shop in Kyoto. "This tofu is exquisite." Hearing that, the tofu master
      816 words
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      Lock icon Page 24 Advertisements Column 2
      348 24 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC JKT SUR BTN JUTHA PATTHAMA 2 15/03 17/03 19/03 NOBLE CORAL 26 60 18/03 20/03 CALMY CORAL 40 40 18/03 20/03 23/03 GENIUS STAR 46 45 60 02/04 04/04 06/04
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      Lock icon Page 24 Advertisements Column 3
      429 24 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF HJ GDYNIA 0008W 11/03 19/03 20/03 22/03 HJ KINGSTON 0012W 18/03 26/03 27/03 29/03 HJ DUESSELD 0003W 25/03 02/04 03/04 05/04 HJ MONTEVIDEO 0002W 08/04 16/04 17/04 19/04 Vessel Voy SIN TAO KAN PUS SHA
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9072 25 Transaction date: Mar 10 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 16.5 -0.5 37 17 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834
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    • Article
      Lock icon SGX CATALIST
      1864 26 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
      1,864 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9319 26 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 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6534/ Asian Credit Fund 1.2413/ Asian Smaller
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    • Article
      Lock icon SGX ETF
      464 26 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 107.7 499.8 846 430 CIMBAsean40 100US$ US846 +8 180 846 843 846 849 33.8 298 152
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    • Article
      Lock icon CLOB INTERNATIONAL
      69 26 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 $mil 56 24 6000 AVJennings A47 47.5 48 3.6 7.4 3.8 122.4 31 6 6017 Genting HK US$ US19.5 -0.5 2121 20 19.5 19.5 20
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 9 Index Change Change Change Change Change Change World Index Preliminary 846.8 0.1 1.7 0.0 0.1 0.0 0.5 EAFE Preliminary 793.1 -0.1 1.1 -0.3 -2.1 -0.3 -1.7 Europe Preliminary 1138.6 0.0
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    • Article
      Lock icon INTERBANK RATES
      177 27 Mar 10 $S Offer Bid Overnight 0.05 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.01 US$ 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Mar 10 S$ Bid Offer 1-month 1.3983 1.3998 2-months 1.3985 1.4000 3-months 1.3987 1.4001 6-months 1.3992 1.4007 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Mar 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2670 1.3040 Can dollar 1.3540 1.3690 Euro 1.8920 1.9130 NZ dollar 0.9750 0.9960 Sterling pound 2.0850 2.1080 US dollar 1.3910 1.4070 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 27 Mar 10 Open High Sett STI Mar 2849 2849 2857 SIMSCI Mar 337.5 340.4 340.3 Taiwan Mar 279.2 280.4 278.9 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 27 Mar 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2690 2729 2690 2690 10 425 Apr 10 2663 2709 2729 2663 1299 ***** May 10 2670 2685 2719 2654 7410 ***** Jun 10 2659 2670
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      371 27 Mar 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7400 0 5068 Jun10 99.6350 0 5036 Sep10 99.4550 0 2783 Dec10 99.1650 0 1643 EUROYEN TIBOR FUTURES Mar10 99.5650 99.5650 99.5650 99.5650 721 5654 Jun10 99.6200 99.6250 99.6200 99.6250 3 2701 Sep10 99.6400 99.6400 99.6400
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    • Article
      Lock icon SICOM FUTURES
      179 27 Mar 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 328.8 328.8 328.8 8 662 May 10 327.0 652 Jun 10 326.0 100 780 Jul 10 325.5 380 Aug 10 323.0 210 Sep 10 324.0 340 TSR
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 27 Mar 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 10.06.2010 0.38 0.33 0.33 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 104.32 5-Year N*****0N 1.375 01.10.2014 100.33 100.41 100.41
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    • Article
      Lock icon CHICAGO BOT
      105 27 Mar 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 941.50 940.50 942.00 929.00 May 10 947.50 948.00 948.50 935.00 Jul 10 956.00 unch 956.25 943.25 Aug 10 953.00 953.25 952.50 942.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 39.97 39.95 39.95
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Mar 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.97 -0.22 WTI (Near Mth) 81.29 -0.54 Dubai (1-Mth F) 78.13 -0.76 Tapis blend 83.40 -1.00 Minas 81.30 -1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.06 -1.61 Jet Kerosene 87.20 -0.40 US$/barrel Opec Oil
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    • Article
      Lock icon SIBOR
      85 27 Mar 10 (US$) (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
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2510 27 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 unch 2 1 4 22 3.00 23 2036 Advance SCT Ltd W*****9 0.5 1 87
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Mar 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.941 6.243 0.675 7.096 41.575 84.006 0.823 10.343 3.040 1.298 77.285 41.735 1.279 6.786 0.987 29.057 29.880 0.614 0.914 Canada 1.063 6.637
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Mar 10 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2785 1.2799 0.9144 0.9145 Canadian dollar 1.3589 1.3609 0.9719 0.9724 Euro 1.8944 1.8966 1.3549 1.3551 NZ dollar 0.9850 0.9866 0.7045 0.7049 Sterling pound 2.0832 2.0861 1.4899
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    • Article
      Lock icon PRECIOUS METALS
      138 27 Mar 10 GOLD (US$/oz) Mar 09 Mar 10 Hong Kong 1123.80 1124.10 Mar 08 Mar 09 London 1124.55 1116.15 1125.35 1116.95 Source: Thomson Reuters CAST BAR Mar 10 (S$) Selling Buying Kilobar "54,119.53" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 344.54 252 10gm 615.25
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    • Article
      Lock icon LONDON METALS
      69 27 Mar 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2227.75 2200.25 3 months 2258.00 2231.00 Copper, Grade A (US$/tonne) Cash 7475.25 7436.75 3 months 7510.00 7470.00 Lead (US$/tonne) Cash 2218.25 2231.75 3 months 2245.00 2257.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      77 27 Mar 9 COCOA (£/tonne) Close Prev High/Low Mar 10 2127 2144 2144/2115 May 10 2151 2163 2169/2135 Jul 10 2147 2156 2160/2130 Sep 10 2118 2128 2126/2107 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1219 1190 1199/1190 May 10 1245 1222 1248/1214 Jul 10 1280 1258 1281/1250 SUGAR (US
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  • BizIT
    • Article, Illustration
      Lock icon Singapore server market looking up
      580 28  -  Server shipments in Q4 last year jumped by 33.3 per cent while vendor revenue rose 4.9 per cent, pointing to a recovery this year, reports ONG BOON KIAT ONG BOON KIAT THE downturn may have dragged Singapore’s server market down in 2009, but vendors signed
      FILE PHOTO  -  580 words
    • Article, Illustration
      Lock icon Cyber attacks affect 66% of S’pore enterprises: study
      700 28  -  Theft of intellectual property, corporate data most common By AMIT ROY CHOUDHURY [SINGAPORE] A global study on cyber attacks shows that 66 per cent of Singapore enterprises have experienced attacks in the past 12 months and this resulted in losses in the
      700 words
    • Article
      Lock icon NTU, National Instruments in R&D lab tie-up
      300 28  -  By EILEEN TAY [SINGAPORE] Technologies to make wireless as fast as wired communications are being hatched in a research venture by National Instruments (NI) and Nanyang Technological University (NTU). The technologies which promise cheaper, faster, more reliable and more pervasive wireless communication than
      300 words
    • Article
      Lock icon Google opens online apps store
      204 28 Bloomberg [SAN FRANCISCO] Google Inc, owner of the most popular Internet search engine, opened an online store that helps developers of business software sell their own programs. More than 50 companies are involved in the store initially, Vic Gundotra, vice-president of engineering, said on Tuesday
      Bloomberg  -  204 words
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      Lock icon S’pore’s Voiceroute in Google apps store
      327 28  -  By JASLENE PANG [SINGAPORE] Home-grown technology start-up Voiceroute is among the first wave of software developers featured in the eye-catching Google Apps Marketplace. The five-year-old firm is among the over 50 developers on board search giant Google’s online store front, which was launched on
      AP  -  327 words
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      73 28 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
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  • PROPERTY
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      Lock icon China’s property prices rise, highlighting bubble risk
      718 29 More pressure on govt to up stock of affordable housing, rein in speculation Bloomberg [HONG KONG] China’s property prices rose at the fastest pace in 23 months in February, adding urgency to the government’s efforts to rein in speculation and increase the stock
      Bloomberg; REUTERS  -  718 words
    • Article
      Lock icon World Expo likely to boost Shanghai room rates
      463 29 Bloomberg [SHANGHAI] Home Inns Hotels Management Inc, China’s second-biggest budget hotel operator, said this year’s World Expo here will boost room rates by as much as 20 per cent, and it’s adding up to 200 hotels nationwide. “We’re positive about demand during
      Bloomberg  -  463 words
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      Lock icon Sun Plaza goes on the market for over $300m
      538 30  -  Investment buzz in shopping centre scene; Alpha takes stake in Katong Mall By KALPANA RASHIWALA THE shopping centre investment scene seems to be abuzz. At least one property is being put on the market officially. Sun Plaza, located between Sembawang MRT
      ARTHUR LEE  -  538 words
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      Lock icon Cheung Kong has a grand Vision for the West Coast
      517 30  -  By EMILYN YAP CHEUNG Kong has set its sights on building the tallest and perhaps priciest condominium project in the West Coast area. The Hong Kong developer will launch The Vision at West Coast Crescent this weekend. It plans to
      517 words
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      Lock icon Grand Park Orchard to open in July
      238 30 [SINGAPORE] Grand Park Orchard formerly known as Park Hotel Orchard will be opening its doors in July after an $80 million makeover. The five-star 308-room hotel at Orchard Road is Park Hotel Group’s flagship property. Room rates are expected to be around $350
      238 words
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      Lock icon Developer sees potential in India’s mid-tier housing segment
      208 30 There’s pent-up demand for half a million homes in the sector, says BPTP Bloomberg [MUMBAI] BPTP Ltd, an Indian developer backed by Citigroup Inc and JPMorgan Chase Co, aims to tap demand for housing from India’s middle class, managing director Kabul Chawla
      Bloomberg  -  208 words
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      Lock icon Big 7.9% fall in Aussie home loans in Jan surprises analysts
      541 31 Biggest jump in 8 years comes after banks had forecast a 3% increase Reuters [SYDNEY] Australian home loans fell the most in nearly eight years in January, hit by the scaling back of government grants to buyers and higher
      Reuters; BLOOMBERG  -  541 words
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      Lock icon Henderson launches property equity funds in China
      338 31 [SINGAPORE] Henderson Global Investors, an independent asset manager with US$93.8 billion of assets under management at end-2009, is introducing a suite of property equity funds in China. The Henderson Horizon Global Property Equities Fund, Henderson Horizon Asia-Pacific Property Equities Fund and Henderson Horizon
      338 words
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      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 15 WITH CONTRACT DATES BETWEEN FEB 10 AND FEB 16, 2010
      1586 31 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 11/02/2010 999 1033 1400 1355 Emerald Gdn Apt 10/02/2010 999
      1,586 words
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      225 words
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