The Business Times, 13 March 2010

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Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 13 14, 2010 S$1.00 MICA (P) 124/08/2009
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  • Article
    Lock icon Singapore’s curry joints in the soup
    961 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore UP and down Race Course Road and even in Boat Quay, Indian restaurant owners are facing an uphill battle trying to hang on to their chefs, all of whom are native Indians. Even before the foreign worker levy hikes
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  • Article
    Lock icon Pay-TV operators lose’ ‘exclusive content’ card
    1013 1  -  Cut-throat bidding wars may be a thing of the past as govt tells operators to share content with each other; M1 may enter pay-TV market but content providers could lose out By Winston Chai,Teh Shi Ning winstonc@sph.com.sg tshining@sph.com.sg Singapore EXCLUSIVE programmes will cease to
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      133 1 examiner’s findings Lehman was insolvent for weeks COURT-appointed examiner finds that the bank had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was no extensive wrongdoing. 2 football pitch Govt stays out of World Cup talks IT is a commercial matter that is best
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      136 2 STI 2,881.36 (+7.45) STI FUTURES 2,876.00 (+8.00) SIMSCI 342.19 (+0.69) SIMSCI FUTURES 342.10 (-0.20) STOCKS Friday Change KL COMP 1,311.20 -10.23 NIKKEI 225 10,751.26 +86.31 HANG SENG 21,209.74 -18.46 SET 733.34 +7.39 JAKARTA 2,666.51 -10.01 MANILA 3,072.91 -52.65 KOSPI 1,662.74 +6.12 SHENZHEN B 615.07 +1.74 MUMBAIIND 17,166.62 -1.34 11
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    • Article
      Lock icon Lehman resorted to accounting gimmick: report
      450 2 It was insolvent weeks before bankruptcy, but there’s no extensive wrongdoing Reuters New York LEHMAN Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was no extensive wrongdoing, a courtappointed examiner
      Reuters  -  450 words
    • Article, Illustration
      Lock icon Bangkok hopes protests won’t spark violence
      569 3  -  But its security forces are ready to tackle any outbreak, says foreign minister By Greg Lowe btworld@sph.com.sg Bangkok THE government is hopeful that this weekend’s mass protests will pass without violence, but security forces are well prepared for any incident, Foreign Minister Kasit Piromya
      AP  -  569 words
    • Article
      Lock icon Reserve list plot triggered by $82m offer
      776 4  -  But top bids seen reaching $300-$400 psf ppr, far from the $177 psf ppr minimum pitch By Kalpana Rashiwala kalpana@sph.com.sg Singapore DEVELOPERS continue to hunger for land. The Urban Redevelopment Authority has announced that a private housing site at Upper Changi Road North/Flora
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    • Article, Illustration
      Lock icon All units in phase 1 of The Vision sold out
      518 4  -  Buyers pay $1,332 psf for two penthouses By Emilyn Yap emilyny@sph.com.sg Singapore HONG Kong developer Cheung Kong has set record selling prices for residential projects in the West Coast area. It managed to sell all 100 units released in the
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    • Article
      Lock icon Govt won’t intervene in talks for World Cup rights
      175 5  -  By Teh Shi Ning tshining@sph.com.sg Singapore THE government will not intervene in bidding negotiations for World Cup 2010 live telecast rights.“Thisisacommercialmat- ter that is best left to the two pay-TV retailers and Fifa to settle,” Lui Tuck Yew, Acting Minister for
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    • Article
      Lock icon Janet Yellen picked for Fed post
      325 5 She is US govt’s choice as new vice chairwoman, says senior official NYT Reuters Washington THE Barack Obama administration has settled on Janet L Yellen, president of the Federal Reserve Bank of San Francisco, to serve as vice chairwoman of the Federal Reserve, a
      NYT; Reuters  -  325 words
    • Article
      Lock icon Telekom M’sia is Man U sponsor for 5 years
      462 6  -  Deal will give TM licensing and dealership rights to produce and distribute merchandise bearing the club’s crest and team images By Pauline Ng btworld@sph.com.sg Kuala Lumpur ENGLISH Premier League (EPL) football club Manchester United continues to find favour with Malaysian corporations.
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    • Article
      Lock icon NY sneaks up on London in financial hub ranking
      364 6 Bloomberg London LONDON and New York hold equal first place in a ranking of global financial centres after the British capital lost its primary ranking because of concern over higher taxes and tighter regulations, according to a report. London’s score fell
      Bloomberg  -  364 words
  • Page 2 Advertisements
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      91 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-13 FromThe Desk Of 14 Singapore 15-17 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Home Garden L2-5 Shopping L6-7 Dining L8-10 Gadgets L10-11 Style
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      9 2 ??Govt won’t intervene in talks for rights, Page 5
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  • Page 3 Advertisements
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      58 3 m&M M (Sr Emirates cmirates.com/sg Unforgettable 2010 FIFA World Cup™ packages. Customise your journey to South Africa. Every four years the world unites to celebrate the FIFA World Cup™. Share in the experience wirh Emirates' special packages that include flights, accommodation, game tickets and transfers to and from the matches.
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | March 8-12, 2010
      • Article
        Lock icon SME matchmakers know the ropes, will the more knots
        45 7 AMID calls from small and medi-um-sized enterprises for a platform to facilitate merger and acquisition matches, service providers such as auditors, investment bankers and lawyers are standing up to say they are already doing the job.
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      • Article
        Lock icon 1 Finlayson Green sold, say sources
        47 7 THE office block that is 1 Finlayson Green has been sold, BT understands. The price is said to be about $145 million, or 37 per cent below the $230.88 million that the seller had paid for the property in June 2007.
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      • Article
        Lock icon China may want slot for yuan in IMF currency basket
        56 7 CHINA is seeking to have its currency included in the basket that makes up the International Monetary Fund’sspecial reservecurrency, according to reports. The reports appear to have come from a press conference by People’s Bank of Chinagovernor Zhou Xiaochuan during
        56 words
      • Article
        Lock icon Land sales tweaked to ensure smoother supply
        42 7 THE government has tweaked its bi-annual land sales programme to make land supply more responsive to market demand. Three changes have been made to the reserve list system, National Development Minister Mah Bow Tan said.
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      • Article
        Lock icon EMA to plug gaps after mercury traces in natural gas
        37 7 SINGAPORE is looking at putting safeguards in place after traces of mercury, a toxic metal, were found in Indonesian natural gas imported from West Natuna last June.
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      • Article
        Lock icon Lippo buys Krishnan’s OUE stake for $957m
        45 7 THE tenuous alliance between Indonesia’s Riady family and Malaysian tycoon Ananda Krishnan in Overseas Union Enterprise has ended– at apriceof almost $1billion.OnTuesday,theRiadys’ Lippo Group paid some $957 million to acquire Mr Krishnan’s stake in the mainboard-listed property group.
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      • Article
        Lock icon Prudential’s listing in HK raises questions about S’pore
        47 7 PRUDENTIAL’Ssurpriseannouncement 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 wonder why the it did not pick Singapore instead for its secondary listing.
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      • Article
        Lock icon Temasek II not the way: Lim Hwee Hua
        60 7 THE government has shot down a suggestion to set up a “Temasek II” fund that invests in Singapore companies. “Such an approach may not be the best way to nurture local companies,” Lim Hwee Hua, Minister in the Prime Minister’s Office and
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      • Article
        Lock icon Rising power prices may raise a sweat
        37 7 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.
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      • Article, Illustration
        Lock icon MR SLIM
        22 7 Displaces Bill Gates as the world’s richest man, according to the latest edition of the Forbes list of billionaires REUTERS
        REUTERS  -  22 words
      • Article
        Lock icon Krishnan may break even but disputes linger
        51 7 THE sale of a 44 per cent interest in Overseas Union Enterprise for $957 million will bring closure to a five-year partnership between two South-east Asian tycoons that went sour. But it is unlikely to catalyse the resolution of any business differences that
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      • Article
        Lock icon India’s Fortis scoops up $1b Parkway stake
        56 7 FORTIS Healthcare, one of the largest hospital chain owners in India, is buying TPG Capital’s 23.9 per cent interest in Parkway at $3.56 per share. This is 14 per cent over its last done price of $3.12 and will result in a deal
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      • Article
        Lock icon Industry sees COE premiums spiking as system is changed
        67 7 CHANGES to the vehicle quota system were announced in Parliament on Thursday and the motor industry generally felt that the move would erase uncertainty. But Certificate of Entitlement premiums are expected to rise further as the timing of this change triggered
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      • Article
        Lock icon Mexico telecoms titan is now world’s richest man
        39 7 MEXICAN telecom titan Carlos Slim Helu is the world’s richest man. The latest edition of the Forbes list of billionaires delivered a shocker Bill Gates is no longer the richest one.
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    • NEXT WEEK | Mar 15-19, 2010
      • Article
        Lock icon US DATA
        51 7 March 15 Capacity Utilisation Feb Industrial Production Feb March 16 Building Permits Feb Export Prices ex-ag Feb Housing Starts Feb Import Prices ex-oil Feb March 17 Core PPI Feb PPI Feb March 18 Core CPI Feb CPI Feb Initial Claims Continuing Claims Current Account Balance Q4 Leading Indicators
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      • Article
        Lock icon SINGAPORE DATA
        16 7 March 15 Retail Sales and Catering Trade Indices Jan March 17 Merchandise Trade Feb
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      • Article
        Lock icon EVENTS
        18 7 MARCH 16 WASHINGTON FOMC holds one-day meeting on interest rates; rate decision, policy statement at 1815 GMT
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  • Page 7 Miscellaneous
    • Miscellaneous
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      355 7 CRYPTIC CROSSWORD Across 1 Top man realising some manoeuvring is required (13) 10 To carve cooked ham (7) 11 Cost of stocking the river with birds (7) 12 Sound sense of position (4) 13 Lad about to return stolen property (5) 14 Plant where workers strike for more money (4)
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      16 7 SATURDAY with Ludwig ‘I wouldn’t be standing here if it wasn‘t for my stuck accelerator pedal...’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Reinventing Kodak
      2336 8/9  -  What hope did a company that made photographic film have in a digital age? Antonio Perez. By Kenneth James By Kenneth James kenjames@sph.com.sg By Kenneth EASTMAN Kodak chairman and CEO Antonio Perez is quietly jubilant. It’s February, and Kodak has just posted a profit of US$443 million for
      YEN MENG JIIN  -  2,336 words
  • Page 8/9 Advertisements
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      70 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.
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  • COMPANIES
    • Article
      Lock icon Courts Asia to seek Singapore listing
      453 10  -  It will use the proceeds to fund its consumer credit business and new store expansion By Arthur Sim simska@sph.com.sg Singapore COURTS Asia, which has 55 wholly owned retail stores in Singapore and Malaysia, has lodged a preliminary prospectus for an initial public offering (IPO)
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    • Article
      Lock icon Thai firm buys Avaplas stake, triggering buyout
      420 10  -  By Conrad Tan conradt@sph.com.sg Singapore A THAI electronics manufacturing services firm has acquired a majority stake in Catalist-listed Avaplas Ltd, triggering a mandatory unconditional cash offer to buy out the Singapore firm’s remaining shareholders. Cal-Comp Electronics (Thailand) Public Company signed an agreement yesterday
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    • Article, Illustration
      Lock icon Hike in rentals at revamped Northpoint
      365 10  -  By Uma Shankari shankari@sph.com.sg Singapore FRASERS Centrepoint Trust’s (FCT) Northpoint mall has seen a 20 per cent hike in average rentals and a 70 per cent climb in shopper traffic after it was expanded and revamped. The mall, which is located right next to
      LIM KOK MENG/LIANHE ZAOBAO  -  365 words
    • Article, Illustration
      Lock icon Jardine, short squeeze help STI delink from HK
      860 11  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent ACCORDINGtomost news reports, “bargain hunting” drove the rise in the Straits Times Index over the past week, when it gained every day, adding a total of 92 points or 3.3 per cent to 2,881.36. Regular readers
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    • Business briefing
      • Article
        Lock icon Popular Hldgs Q3 profit jumps 47.5% to $7.85m
        93 11 DIVERSIFIED book retailer and property developer Popular Holdings reported that net profit for the third quarter ended Jan 31 rose 47.5 per cent to $7.85 million. Turnover for the quarter was up 6.6 per cent at $147.25 million. The biggest contributor to
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      • Article
        Lock icon China Minzhong Food Corp to list on SGX
        127 11 CHINA Minzhong Food Corp, one of China’s largest vegetable-processing firms, said it intends to list on the Singapore Exchange and has lodged a preliminary prospectus with the Monetary Authority of Singapore. The company was incorporated in Singapore in March 2004 as China
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      • Article
        Lock icon SIA, Marina Bay Sands ink MOU to promote the IR
        48 11 SINGAPORE Airlines and Marina Bay Sands have signed a memorandum of understanding (MOU) to promote the integrated resort as a destination for customers travelling to Singapore. Thetwopartieswilljointlyfundpublicity and promotional activities targeting trade partners, international media and overseas markets.
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    • Article, Illustration
      Lock icon SIA tops Fortune ‘most admired airlines’ list
      657 12  -  Trust and integrity set companies on ‘most admired’ list apart from others, says magazine By Chuang Peck Ming peckming@sph.com.sg Singapore SINGAPORE Airlines has toppled Continental Airlines to take the No 1 spot on Fortune magazine’s annual list of most admired airlines. At the
      FILE PHOTO  -  657 words
    • Article
      Lock icon Xpress Q2 net up 17.9% to $573,000
      349 12  -  By Karen Ng karenng@sph.com.sg Singapore XPRESS Holdings, a provider of integrated printing solutions, saw its net profit climb 17.9 per cent to $573,000 for the second quarter ended Jan 31, from $486,000 a year earlier. The rise of 17.9 per cent in net
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    • Article
      Lock icon OCBC bolsters e-commerce security
      254 13  -  By Winston Chai winstonc@sph.com.sg Singapore OCBC Bank will strengthen its security policy for Internet transactions by requiring credit card customers to key in token-generated passwords when shopping online. This two-factor authentication (2FA) policy will be introduced later this year, said Patrick Chew, OCBC’s head of delivery
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    • Article
      Lock icon Bear market in Asia-Pac unlikely: UBS
      388 13  -  Market upside still seen for H-shares on strong economic, earnings outlook By Lynette Khoo lynkhoo@sph.com.sg Singapore INFLATION and policy tightening in China may spark off a further correction in Asia-Pacific stocks but that is unlikely to develop into a new bear market, according to
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  • Page 11 Miscellaneous
    • Miscellaneous
      Lock icon Page 11 Miscellaneous Column 1
      27 11 JACKPOT 1,500,000 This Monday Ip L A Y(i) Always play with care. Towards Community [responsibly] Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE
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  • Page 13 Advertisements
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      54 13 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BUY IT-SELL IT-f EAGLE BRAND HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a special general meeting SGM) of Eagle Brand Holdings Limited (Company) will be held on 7 April 2010 at 9:00 a.m., at Amara
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon China: a view from the ground
      1278 14 from the desk of The rise of the Chinese consumer has greatly amplified the domestic market, and national brands are making a name for themselves on the world stage too IT’S just over a year since the global economy fell off a cliff and
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  • Article
    Lock icon Govt taking steps to broaden PMETs’ skills, expertise
    524 15  -  This will open up employment opportunities in new growth industries yesterday in parliament| By Chuang Peck Ming peckming@sph.com.sg THE focus of continuing education and training has shifted from rank-and-file workers to include professionals, managers, executives and technicians, too. By 2015, the government
    524 words
  • Article
    Lock icon Taking the pulse of the population
    229 15  -  By Felda Chay feldac@sph.com.sg A POPULATION census will be carried out to ascertain changes over the past decade, the Department of Statistics (DOS) said yesterday. The information collected will include respondents’ demographic profile, economic status, education and means of transport, to update data gathered
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  • Article
    Lock icon RBS ordered to pay former chief trader $455,085
    321 15 Bloomberg ROYAL Bank of Scotland Group plc has been ordered by Singapore’s High Court to pay Scott Cousins, its former chief trader, $455,085.39 plus interest, after ruling he did not breach a severance agreement. Mr Cousins, who was fired after e-mail-ing confidential
    Bloomberg  -  321 words
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  • Article
    Lock icon Over 97% of elderly HDB households satisfied with flats
    257 16  -  By Olivia Ho oliviaho@sph.com.sg MORE than 97 per cent of elderly households in HDB estates are satisfied with their flats, according to a Housing Development Board survey. The Sample Household Survey (SHS) is conducted every five years by HDB. And in
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  • Article
    Lock icon HDB steps up enforcement on illegal subletting
    292 16  -  Action taken against 56 owners from January 2008 to December last year By Uma Shankari shankari@sph.com.sg THE Housing Development Board yesterday said it has stepped up enforcement action against home-own-ers who illegally sub-let their government-subsidised flats. The move comes weeks after HDB unveiled
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      66 16 3* SS TIMES m I A i 28/ A 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 your
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  • SINGAPORE
    • Article, Illustration
      Lock icon Bayer Schering to invest more in Asia-Pac
      556 17  -  Pharmaceuticals giant aims to be among top players in India, Vietnam and South Korea in next few years By Chen Huifen xuifen@sph.com.sg BOOSTED by its above-market performance last year, Bayer Schering Pharma Asia-Pacific intends to continue making significant investments in the region, and
      556 words
    • Article, Illustration
      Lock icon When Jack lost his crown
      682 17  -  saturday soapbox By Joyce Hooi joyceh@sph.com.sg JACK Neo has set tongues wagging, the ladies talking and the media panting. It must be nice, thinking that the sequel to the Tiger Woods kerfuffle is here, but it isn’t, really. While Neo has been vilified in the
      682 words
    • Article
      Lock icon Untitled
      458 18 BIRMINGHAM means Aston Villa Football Club! That was all I knew about Birmingham a few months backwhenI wasfirst offeredasecondmenttoKPMG’sBirmingham office in the United Kingdom. Since then, I have discovered much about this wonderful city. Birmingham is the second most populous city in the UK. It is also known as the
      458 words
    • Article
      Lock icon Untitled
      393 19 AFP AP Reuters Washington UNABLE to muster bipartisan agreement on major banking provisions, a key US senator said he would unveil new legislation on Monday aimed at giving American financial rules their biggest overhaul since the Great Depression. The move by banking committee chairman Christopher Dodd, a Democrat, ends weeks
      AFP; AP; Reuters  -  393 words
    • Article
      Lock icon Untitled
      313 19 Bloomberg Washington CONFIDENCE among US consumers unexpectedly declined for a second month in March, a sign Americans are discouraged about the labour market. The Reuters/University of Michigan preliminary consumer sentiment index fell to 72.5 from February’s final reading of 73.6. Economists surveyed by Bloomberg News projected the gauge would increase
      Bloomberg  -  313 words
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  • WORLD
    • Article
      Lock icon Obama plans to boost US exports
      742 20 President hopes move will help to increase employment LAT-WP Washington PRESIDENT Obama unveiled plans on Thursday to double US exports over the next five years in hopes of spurring job growth, an ambitious goal that may rekindle the battle over free-trade policy. The president
      LAT-WP  -  742 words
    • Article
      Lock icon Slowly, Americans are regaining their lost wealth
      313 20 AP Washington AMERICANS are recovering their shrunken wealth gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight. And it was less than in the previous two quarters. The Federal Reserve said on
      AP  -  313 words
    • Article
      Lock icon Don’t politicise yuan issue: China to Obama
      772 21 PBOC vice-governor says US should look to itself to boost exports, not blame others Reuters Beijing THE United States should not make a political issue out of the yuan, a Chinese central banker said yesterday, as the two countries lurched towards a potential
      Reuters  -  772 words
    • Article, Illustration
      Lock icon China revamps college entry
      316 21 AP Beijing CHINA plans to revamp its university admissions system, allowing students to take subjectspecific tests and introducing other measures besides the exam to ease the stress that millions of students undergo as they compete for a coveted few spots in colleges. Currently, access to university
      AP  -  316 words
    • Article
      Lock icon India to move to rupee convertibility gradually
      295 21 Reuters New Delhi INDIA will take gradual steps to full convertibility of the rupee but not in one go, Finance Minister Pranab Mukherjee told Parliament yesterday. “The full convertibility of rupee is our ultimate destination and we are taking gradual steps towards this.
      Reuters  -  295 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      189 20 Howto run a business without running out of ideas. THE MAGAZINE Daughters off a better age Rtplicating a "■yvtii/isnn No ptobltm And SMEi might fly SPRING II. ill March-April Issue Out Now! Can SHE do better? With women getting equal education opportunities, we feature daughters who are proving themselves competent
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  • SGX
    • Article
      Lock icon Untitled
      9087 23 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 16.5 unch 150 16.5 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834 A-Sonic 7 unch 112 7.5 7 7
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    • Article
      Lock icon SGX CATALIST
      1819 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13.5 14 91.5 4 1 1501
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 8 0 0 0 3 6 8 Manufacturing 45 49 89 12 3 13 57 52 102 Commerce 25 19 24 4 2 5 29 21 29 Tpt/Stor/Comms 19 13 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      790 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pan-United Corp Ltd 11-Mar-10 Patrick Ng Bee Soon Buy 1759 0.52 ***** 4.23 ***** 4.55 Pan-United Corp
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,360 26,360 87,526 87,526 Manufacturing 351,102 11,511 362,613 161,790 865 162,655 Commerce 90,337 6,130 96,467 99,942 2,229 102,171 Tpt/Stor/Comms 111,924 4,215 116,139 173,706 736 174,442 Finance 26,951 26,951 204,318 204,318 Construction 64,327 12,581 76,908 19,375
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MARKETS
      91 27 YTD change: -0.56% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,481.59 on March 12,2009 Source: Bloomberg YTD change: -3.03% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 11,848.50 on March 12,2009 Source: Bloomberg YTD change: +1.76% 52-week high: 10,729.80 on Jan 19,2010 52-week low: 6,872.25 on March
      Source: Bloomberg  -  91 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      349 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 11 Index Change Change Change Change Change Change WorldIndexPreliminary 849.4 -0.1 2.0 -0.1 0.5 -0.1 0.9 ‡EAFE Preliminary 796.4 -0.1 1.5 0.1 -1.5 0.1 -1.1 EuropePreliminary 1143.3 -0.4 1.7 -0.2 -3.9
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      141 27 Mar 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australiandollar 1.2790 1.2809 0.9166 0.9171 Canadiandollar 1.3636 1.3656 0.9772 0.9777 Euro 1.9113 1.9133 1.3697 1.3699 NZ dollar 0.9782 0.9798 0.7010 0.7015 Sterling pound 2.1019 2.1045 1.5063 1.5068 US dollar
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    • Article
      Lock icon LIFFE
      77 27 Mar 11 COCOA (£/tonne) Close Prev High/Low Mar 10 2171 2178 2187/2165 May 10 2191 2206 2214/2187 Jul 10 2183 2198 2206/2181 Sep 10 2147 2161 2169/2148 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1203 1208 1209/1207 May 10 1237 1233 1242/1228 Jul 10 1271 1267 1277/1264 SUGAR (US
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    • Article
      Lock icon CHICAGO BOT
      104 27 Mar 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 10 925.50 952.00 956.00 924.75 May 10 930.50 958.00 962.75 929.00 Jul 10 939.00 965.50 970.00 938.00 Aug 10 937.75 962.50 966.50 936.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 10 39.82 40.69 40.41
      104 words
    • Article
      Lock icon PALM OIL
      66 27 Mar 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2660 2670 2663 2660 46 287 Apr 10 2657 2660 2661 2634 1522 9574 May 10 2643 2649 2650 2620 ***** ***** Jun 10 2620 2631
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      73 27 Mar 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 80.51 -0.85 WTI(Near Mth) 82.21 0.30 Dubai (1-Mth F) 78.88 0.39 Tapis blend 84.10 0.20 Minas 82.35 0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 81.28 1.28 Jet Kerosene 88.30 1.00 US$/barrel Opec Oil Basket Price 77.76
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      Lock icon LONDON METALS
      65 27 Mar 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2205.30 2201.90 3months 2235.00 2232.00 Copper, Grade A (US$/tonne) Cash 7431.25 7406.25 3months 7464.00 7440.00 Lead (US$/tonne) Cash 2225.25 2262.75 3months 2251.00 2289.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3months
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      68 27 Mar 12 GOLD (US$/oz) Mar 11 Mar 12 Hong Kong 1108.*****4.70 Mar 10 Mar 11 London 1123.*****4.40 1124.*****5.20 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.15 23.92 Source: UOB PLATINUM Lon (US$/oz) Mar 11 Close Previous PM Fix 1580.*****5.00 AM Fix 1587.*****4.00 Source: Thomson Reuters PLATINUM NYMEX
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    718 28 / 29  - Despite some scaremongering, most European Muslims live comfortably and in peace with non-Muslim neighbours Shada Islam Brussels correspondent By Michael FOR those seeking evidence of a clash of civilisations, the Netherlands probably offers a perfect example of the battle under way between mainstream secular Europe and its Muslim minority. The
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  • Wealth
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        Lock icon Coming out of the cold
        818 30 / 31  -  A year on, global stock markets are maintaining much higher levels and are defying the pessimists and their predictions for a depression Neil Behrmann London correspondent btworld@sph.com.sg A YEAR since bears feasted on bulls and predicted depression, global stock markets are defying the pessimists and
        REUTERS  -  818 words
      • BROKERS' TAKE
        • Article
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          419 30 / 31 Neutral OCBC Investment Research Mar 12 FLIGHT to quality continues in office market. Leasing activities in the office market continue to pick up in recent months. It was reported that the Infocomm Development Authority (IDA) had leased 160,000 sq ft of office space at Mapletree Business City and
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          Lock icon SembCorp Marine Ltd
          364 30 / 31  -  Outperform CIMB-GK Research Mar 12 Close: $4.04 Compiled by Joyce Hooi MAINTAIN “outperform” and target price of $4.54, still based on blended valuations of DCF and 18x CY2011 P/E. Sembmarine announced a $130 million contract to carry out pre-conversion work on Petrobras FPSO, P62. This win falls
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        Lock icon Seers see gains in Wall Street rally
        1347 32  -  One year on, pessimists turn bulls as financial markets show growing confidence in US assets. By Rita Nazareth and Whitney Kisling By Rita Nazareth,Whitney Kisling Bloomberg New York LASZLO Birinyi will never forget the moment a year ago when the last ounce of
        Bloomberg; REUTERS  -  1,347 words
      • Article
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        700 33 IS there or is there not a property bubble in China? That is the billion-dollar question that everybody is asking now. Before we attempt to answer that, it is instructive to examine what caused prices to race ahead in the last one year. The obvious answer was the government’s four
        700 words
    • WEALTH REAL ESTATE
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      63 34 W\oda Featuring the Quality Homes Collection Moda The A/lode Of For enquiries: lrviri Kok, 9181 7275, lKok@savi11s.com.sg For general enquiries, kindly call 6836 3338 or search with us at resi d en ti al. savill s. com. sg Savills has more than 200 offices and associates worldwide to meet all
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      54 36 M iUDEMARSPlGUET Le maitre de I'horlogerie depuis 1875 it a 3 -v x zi V v>, i I -N ►a* X 3® > i& s. I K. W< Tfi 2»r tefc I *> v 5* V; 2m so m i fil i i mm ROYAL OAK PERPETUAL CALENDAR SKELETON For
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      52 1 SHOPPING Good moves L6-7 DINING Green zone L8-9 LivingTHEBUSINESSTIMESWEEKEND|MARCH13-*****0BTTHE BUSINESS TIMES WEEKEND MARCH 13-14 2010 I'LL TAKE MANHATTAN A look at the luxury real estate market L2-5 MOTORING Hi 5 L18 GADGETS More than just deals L10-11 THE CLOCK TOWER PENTHOUSE, STYLE Austerity drive L12-13 F1 WATCH Fun Formula One
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  • BT Living
    • HOME & GARDEN
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        Lock icon I’ll take Manhattan
        1412 2 / 3  -  New York’s prime real estate may still be a hefty investment, but has yielded better value since the global crisis, say property brokers there. As Singaporean and Asian investors look beyond the region, the New York luxury property market has never looked better, or more available. By
        1,412 words
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        Lock icon Destination Asia
        1032 4 / 5  -  Property prices in more mature Asian markets, while still off their highs, have been moving up in tandem with stock markets, and attracting interest from individuals in the upper end of the high net-worth range. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg ASIAN buyers of luxury real estate
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        Lock icon Strong sales at Singapore launches of US, UK properties
        691 4 / 5  -  By Cheah Ui-hoon SELL-OUT launches that’s what local property agents representing UK and US developers are enjoying. The buying interest is thanks to depressed prices in the two markets and favourable currency rates; a confluence of factors that is giving Asians
        691 words
    • SHOPPING
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        Lock icon Good moves
        591 6 / 7  -  Think out of the (removal) box when travelling to your new property. Nix those foam slippers and no-iron sarongs, and fill your portmanteau instead with these easy-to-pack items that look respectable in any city they go the distance in style and functionality. By Audrey Phoon and Melissa Lwee
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    • DINING
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        Lock icon GREEN ZONE
        719 8 / 9  -  As more eco-friendly kitchenware offerings sprout up, there’s never been a better time to go keen on green. By Audrey Phoon By Audrey Phoon Sarah Cihat Rehab dishware SERVE up a dollop of eco-consciousness on a plate that’s what the charming Rehab range of dishware by Sarah Cihat
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        Lock icon Kitchen sink drama
        470 8 / 9  -  The Bosch and Gaggenau brand experience centres are functional, fashionable ambassadors of the eco movement By Audrey Phoon aphoon@sph.com.sg IF looking at photographs of eco-friendly refrigerators on the pages of a newspaper or twiddling a couple of oven knobs in a store aren’t enough to convince you
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    • GADGETS
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        Lock icon More than just deals
        35 10 / 11  -  New products have debuted at IT Show 2010, in addition to discounts on existing gadgets. By Christopher Lim By Christopher Lim AC RYAN Playon!DVR HD Creative Aurvana In-Ear2 the Adidas miCoach
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      682 12 / 13 NO frills, and hardly any thrills: This was the main message that Paris sent out, reaffirming the same sentiments voiced during Milan Fashion Week. If anything, Autumn 2010 seems to be a period of atonement an about-face from the days of $80,000 crocodile skin purses. The influentialParis shows seemed almost
      682 words
    • HEALTH
      • Article, Illustration
        Lock icon Less pain for equal gain
        910 14  -  In the past, the Thermage treatment for a more youthful skin means enduring needle-like pricks all over the face. But now a new upgraded machine gives the same result minus the pain factor. By Jaime Ee By Jaime Ee jaime@sph.com.sg VANITY, it would seem, transcends
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      1 15 D
      1 words
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      575 16  - Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign AFTER the invasion of the Bruneians last year, now it’s the French who are fast stamping their mark on Singapore’s local football league and with plenty of gusto and flair, to boot. Etoile FC formed by a group of businessmen to ply their trade
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      743 16 ANYONE who pays any kind of attention to newspapers will tell you there was only one headline and one story therefore that caught the eye this week. That would be the report carried by most reputable news sources worldwide under the heading: “Japanese town baffled by kangaroo sightings”. Apparently, authorities
      743 words
    • GOLF
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        Lock icon Nurturing young talent
        1149 17  -  The Asian Development Tour was created to build the career path of professional golfers in Asia. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Justin Han turned professional last year his goal was simple he wanted to play tournament golf on a professional tour. The 21-year-old got
        PHOTOS BY ALOHAWERKZ  -  1,149 words
    • MOTORING
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        703 18  -  The new 2011 BMW 5 Series is one stylish-looking engineering marvel. By Lee U-Wen By Lee U-Wen leeuwen@sph.com.sg Estoril, Portugal AFTER a few minutes behind the wheel of the new 2011 BMW 5 Series, my first impression of this classy mid-size sedan is that it combines the looks
        703 words
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        Lock icon The classy choice
        506 19  -  The focus on Singapore's 10 most popular makes in 2009 continues this week with the republic's top luxury brand Mercedes-Benz. Samuel Ee looks at the model which is the epitome of the three-pointed star, as well as the rest of the lineup brand focus Samuel Ee samuelee@sph.com.sg
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        Lock icon Class of 2010
        344 19  -  lineup roundup By Samuel Ee THE MercedesBenz range is wide, spreading from small front-wheel-driven hatchbacks and sleek coupes, to car-like MPVs and full-sized SUVs. It starts with the A-Class (A180), a five-door hatchback that hasn't quite caught the imagination of Singapore buyers. But the bigger B-Class hatchback
        344 words
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      Lock icon Formula One fun facts
      422 20  -  A new season of Formula One racing kicks off in Bahrain this weekend. As in previous years, there are new rules, new cars and new faces. Samuel Ee takes you through some fun facts about F1 in 2010. f1 watch Samuel Ee samuelee@sph.com.sg Bahrain replaces Australia
      422 words
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      115 8 / 9 Gorenje Pininfarina fridge-freezer NRK2000P2 THIS sleek fridge-freezer designed by renowned designer Paolo Pininfarina not only looks great, it’s good for the planet and the pocket too. There’s an Eco function which provides the optimal temperature conditions for food storage and eliminates excessive energy usage so you save money and energy,
      115 words
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