The Business Times, 22 March 2010

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

Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, March 22,2010
    23 words
  • 955 1  -  Proposed new postgrad qualification aims to beef up the profession By ANNA TEO [SINGAPORE] On the table: A new postgraduate degree that will be a prerequisite to becoming a public accountant in Singapore. It will also be a passport to finance jobs overseas. The
    955 words
  • 136 1 MARKETS Weekly Change ST Index 2,915.70 +34.34 KL COMP 1,296.60 -14.60 NIKKEI 225 10,824.72 +73.46 HANG SENG 21,370.82 +161.08 SET INDEX 774.59 +41.25 JAKARTA COMP 2,742.97 +76.46 MANILA COMP 3,097.23 +24.32 SEOUL COMP 1,686.11 +23.37 SHENZHEN B 629.91 +14.84 MUMBAI IND 17,578.23 +411.61 DOW 10,741.98 +117.29 NASDAQ 2,374.41
    136 words
  • 597 1  -  StarMine winners defy the mood of the moment with aggressive ‘buy’ calls By EMILYN YAP, JOYCE HOOI [SINGAPORE] Last year’s stock market was not for the faint-hearted. As share prices threatened to hit new lows in the early months, investors pulled out
    597 words
  • Page 1 Advertisements
    • 213 1 BizIT Pay TV: No need for universal set-top? PAGE 28 YOUNG INVESTORS' FORUM Women and their money PAGE 11 DINING OUT Michelangelo’s, Saint Pierre unveil new menus PAGE 22 VIEWS FROM THE TOP Worthy of their wealth PAGE 12 Infinitely more. t5b5 -«M 8S7l t J ncros i t LEE
      213 words
    • 6 1 StarMine winners and rankings, Pages 8-9
      6 words

  • TOP STORIES
    • 784 2 Votes will cap a nine-month political battle over the overhaul Reuters AFP [WASHINGTON] Democratic leaders in the US House of Representatives say that they believe that they will have the votes on Sunday (Monday, Singapore time) to pass landmark health care
      Reuters; AFP  -  784 words
    • 949 2  -  Markets expected to react to implications of Congress vote on healthcare reform WALL STREET INSIGHT By ANDREW MARKS THE Dow Jones Industrial index saw its bull run of eight straight days of gains interrupted last Friday, and investors should not be
      AP  -  949 words
    • 546 2 Accounting to get degree of change ON the table: A new postgraduate degree that will be a prerequisite to becoming a public accountant in Singapore. It will also be a passport to finance jobs overseas. That’s what the Committee to Develop the Accountancy Sector (CDAS) sees in the
      546 words
    • 562 2  -  Red Shirts will talk only to Abhisit who wants outline first By LEE U-WEN [SINGAPORE] Try as they might, Thai anti-govern-ment protesters and Prime Minister Abhisit Vejjajiva have been unable to see eye-to-eye on the ground rules for talks, as the demonstrations in Bangkok entered a
      562 words
    • 819 3  -  Plans to revitalise the west, north-east are providing them with opportunities Reports by TEH SHI NING [SINGAPORE] Foreign investments flowing into China increasingly head for its rapidly developing non-coastal regions. Singapore companies have been part of this shift though not as quickly. Western and
      819 words
    • 551 3 IE: S’pore companies still have an edge in ‘integrated offerings’ [SINGAPORE] The window of opportunity for Singapore’s companies to get a foothold in China is fast closing, say the Chinabased regional directors of International Enterprise (IE) Singapore. Particularly in the more developed coastal
      551 words

  • Page 3 Advertisements
    • 210 3 KgSNANYANG [T WI TECHNOLOGICAL xgay UNIVERSITY Z010 paftf 1 3 I i •K" i?i r*M r»3 Mi hi i 1 v o Cltl *L ""■a-" thek m lk —sr TheCompamMi F; YOU Knovi The People irii iii ii y,n T H?|j 3 OP EMPLOYERS CHOOSE NTU tWHY DON'T YOU? NTU
      210 words

  • SINGAPORE MARKETS
    • 711 4  -  STOCKS R SIVANITHY Senior Correspondent PROBABLYthebeststock market advice in recent weeks came from Citi Investment Research, which in its Global Equity Strategist last week said that the surge is over and now the slow grind begins, which translates loosely to “the easy
      711 words
    • 421 4 COMMODITY WATCH AFP [LONDON] Oil prices sank heavily last week as traders tracked the US dollar and Greek debt concerns, and shrugged off a widely-expected decision from the 12-nation Opec cartel to maintain crude output levels. Many other commodities were also dragged lower
      AFP  -  421 words
    • 596 4 CURRENCIES Bloomberg [SINGAPORE] South Korea’s won and the Malaysian ringgit fell last week as concern about Greece’s ability to secure financial assistance from the European Union cooled demand for emerging-markets assets. Thailand’s baht advanced as overseas investors pumped more funds into the nation’s shares.
      Bloomberg  -  596 words
    • 1353 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.00 1.91 11 11.71 10.33 1.46 1.21 ARA Asset Mgt 1.67 2.00 3 7.70 14.81 1.27 1.14 Armstrong Ind 1.00 1.00 2 3.80 8.55 0.44
      1,353 words
    • 4 4 WEEKLY
      4 words
    • 65 4 Mar 19 VALUE CLOSE BT OB/OS 510.00-123.00 BT CADI -*****.00 +34.00 BT 10-day MA -*****.00 +51.00 FTSE ST Mid Cap 696.09 -2.65 FTSE ST Small Cap 556.83 +2.50 FTSE ST All Share 718.56 +0.08 FTSE ST China Top 282.90 +0.69 FTSE ST China 299.92 +4.20 FTSE ST
      65 words
    • 54 4 VOLUME Genting SP 481,485,000 Eastgate Tech 361,311,000 SwingMedia 212,614,000 Golden Agri 209,514,000 Healthway 139,180,000 Scintronix 103,946,000 Ying Li 80,461,000 CapitaLand 75,943,000 EuNetworks 69,914,000 Midas 69,677,000 VALUE($) Genting SP 459,159,226 UOB 400,971,972 DBS Grp 318,919,279 CapitaLand 306,145,174 Keppel Corp 271,159,842 SingTel 217,811,372 OCBC Bk 166,636,670 Wilmar 159,135,390 JMH
      54 words
    • 111 4 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 287.1 1.8 JMH 3500 223.0 4.8 GLD 10US$ ***** 132.4 0.9 OCBC Bk 4.5%NCPS 100 ***** 90.0 0.9 DBXT MSKorea 10US$ 4770 89.2 1.4 UOB.ES.1003 1964 86.0 4.6 UOB 1944 74.0 4.0 CityDev.ES.1003 1096 70.0 6.8 OCBC Bk 5.1%NCPS 100 *****
      111 words
    • 123 4 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4521-128.2 -2.0 STXPO 100 1500-110.0 -6.8 DBXT S&P Short 10US$ 5136 -92.0 -1.3 SIA.ES.1003 1550 -42.0 -2.6 SIA 1544 -40.0 -2.5 OUE 1112 -38.0 -3.3 SIA 200 1548 -32.0 -2.0 DBXT MSAsExJp 10US$ 2762 -23.7 -0.6 Creative Tech 512 -18.0 -3.4 DBS
      123 words
    • 87 4 Where S$ stands Mar 19 CHNG YR 2010 CLOSE FR Mar 18 S$ LOW S$ HIGH US$ 1.3953 -0.13 1.4219 1.3953@ Euro 1.8966 0.51 2.0153 1.8959 Pounds 2.1142 0.84 2.2776 2.0848 A$ 1.2842 0.01 1.2923 1.2276 Yen* 1.5428 0.19 1.5927 1.5027 Rupiah* 0.***** -0.40 0.*****# 0.***** Baht* 4.3191 -0.11
      87 words
    • 1519 6  - Portfolios advance an average of 1.1 TEH HOOI LING Senior Correspondent IT WAS another relatively good week for stocks, with our portfolios advancing an average of 1.1 per cent. But this was a shade paler than the 1.2 per cent chalked up by the blue chips Straits Times Index. Our
      1,519 words
    • 1173 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying fell while the selling among directors remained low last week based on filings on the exchange in the third week of March. A total of 22 companies recorded 40
      1,173 words
  • Page 4 Advertisements

  • COMPANY NEWS
    • 755 5  - Resolve the big issues at SinoEnvironment HOCK LOCK SIEW By LYNETTE KHOO SINCE taking office at Si-no-Environment in January, the new board and CEO appear to have hit the ground running in getting the company back in shape. Within three months of their appointment, they have held talks with bondholders
      755 words
    • 1388 5 Payment Ex Books Pay (cts) date close date ABR Hldgs ak 1.000 11-May 13-May 27-May Action Asia an 1.000 06-May 10-May 19-May AEI Corp ak 1.000 06-May 10-May 26-May AEI Corp bh 2.000 06-May 10-May 26-May AIMS AMP Cap Ind Reit ag 0.187 12-Feb 18-Feb 26-Mar AIMS AMP
      1,388 words
    • 532 7  -  Firm on lookout for M&A opportunities, focus on earnings accretive companies By TIMOTHY SEOW MAINBOARD-listed Innotek which for the second year running has proposed a final dividend of five cents a share says that its high dividend payouts will continue in the long term
      ARTHUR LEE  -  532 words
    • 409 7 Mar 19 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      409 words
    • 340 7 COMPANY MEETING PLACE DATE TIME Annaik Ltd E 135 Pioneer Road, Singapore *****9 22-Mar 10.00am Hisaka Hldgs E 63 Sungei Kadut Loop, Hisaka Industrial Building, Singapore *****4 22-Mar 3.00pm Unionmet A Amara Hotel Singapore, Connection 2, Level 3, 165 Tanjong Pagar Road, Singapore *****9 25-Mar 10.00am Fortune Reit
      340 words
  • Page 5 Advertisements
    • 418 5 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF NOMURA ASIA PROPERTY INVESTMENT PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9392H NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD
      418 words
    • 45 5 Accounting Accounting backlogs V Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg
      45 words
    • 11 5 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words
  • Page 5 Miscellaneous
    • 37 5 a i Tn\ JACKPOT 1,500,000 TODAY Sales Close at 6pm Draw at 6.30pm at PoMo p yA Always play with care. [responsibly! Do not bet illegally. RCB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE FU
      37 words


  • Page 7 Advertisements
    • 65 7 All-Touch Virtual Call Centre Hosted Call Centre, Hosted SMS, Hosted Fax, Hosted CRM, On-Demand. > No need to buy, subscription basis. From $1,500 Answer Calls from office, home or anywhere with Internet Low IDD call charges Backup and Redundancy Automatic Call Distribution with Voice Logger 1 Hosted CRM optional 1
      65 words
    • 147 7 Goodwood Residence Freehold In Prime District 10 The Most Exclusive Green Address In Singapore Foreigners Eligible Please Call For Priority Preview Now: 9699 9767 p] MARKETS get thinking FX/CFD trading Free online seminars to develop your CFD trading skills. View our free seminars online, on demand Ideal for all levels
      147 words

  • BT-STARMINE AWARDS
    • 581 8  -  CIMB-GK has won accolades for its stock recommendations last year. EMILYN YAP reports EMILYN YAP IT’S all about having access to information, says CIMB-GK Singapore research head Kenneth Ng. “In this business, the strongest thing is information. You can be the smartest analyst out
      ARTHUR LEE  -  581 words
    • 693 8  -  By JOYCE HOOI MOST investors are familiar with one of Warren Buffett’s witticisms: “You only find out who is swimming naked when the tide goes out.” But he said nothing about swimming against the tide something many analysts did last year as they battled
      693 words
    • 268 9 STARMINE measures the performance of brokers in two ways by the returns of their buy or sell recommendations, and by the accuracy of their earnings estimates. In the recommendations category, brokers score well if they recommend a “buy” and the stock outperforms the benchmark for Singapore.
      268 words
    • 602 9  -  DBS Vickers analysts made ‘buy’ calls to a sceptical audience. EMILYN YAP reports StarMine highlighted Derek Tan’s and Ben Santoso’s calls as noteworthy in the small and mid-cap field last year. Both CDL Hospitality Trust and First Resources have gained and outperformed the benchmark that
      ARTHUR LEE  -  602 words

  • Page 9 Advertisements
    • 121 9 •19,OOOsqft sprawling land 11, OOOsqft living space including 5 bedrooms ensuite, media room and wine cellar •Azure Lap pool centers large outdoor patio •Contemporary K2LD Design Outfitted with a Schuller Kitchen Master Bedroom overlooking Dramatic Greenery View Furnishings from renowned Italian Brands •Tranquil yet right in heart of Town Rustic
      121 words
    • 11 9 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words

  • SINGAPORE NEWS
    • 499 10  -  But volumes seen going up as S’pore continues to attract new players There is also market speculation that Japan’s Mitsui may restart trading operations here after a three-year lapse. By RONNIE LIM IT’S been a “difficult” first quarter so far this
      499 words
    • 1155 10  -  World Scientific puts out 500 book titles a year By CHUANG PECK MING WHEN Doreen Liu received her first cheque payment for a book that World Scientific sold, she went to the bank to cash it. The cheque was for $5 and the bank charged
      ARTHUR LEE  -  1,155 words
    • 224 10 AROUND 12,000 that is the upper ceiling of the quota for homes to be upgraded annually under the government’s Home Improvement Programme (HIP) from this year onwards. The annual target was announced by National Development Minister Mah Bow Tan yesterday during a community
      224 words
  • Page 10 Advertisements

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 698 11 Although they can do it, 80% of women don’t actively engage in investment planning for their financial well-being WHO’S better at investing: men or women? “This is not only a fun question but it is of great practical value,” says INSEAD assistant professor of
      698 words
    • 1045 11  -  ALVIN LEE MING YANG shares his experience onboard the Ship for Southeast Asian Youth Programme CAMPUS LIFE ALVIN LEE MING YANG The writer is a 28-year-old qualified optician, who has returned to institutional training and is a Higher Nitec in Accounting student at the Institute of
      1,045 words
  • Page 11 Advertisements
    • 249 11 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      249 words

  • VIEWS FROM THE TOP
    • 1846 12 THIS WEEK’S TOPIC Who on the Forbes Rich List do you admire most? Why? R Dhinakaran Managing Director Jay Gee Enterprises Pte Ltd IN this illustrious list of the rich, if one person towers higher than rest for me, it is Warren Buffett. His consistency in
      AP, AFP, THE STRAITS TIMES FILE PHOTO, BLOOMBERG  -  1,846 words

  • ECONOMY WATCH
    • 931 13 He says fate of world economy must never be so closely tied to fortunes of a relatively small number of giant firms again Bloomberg [ST LOUIS] Federal Reserve chairman Ben Bernanke said that government bailouts of big financial companies are “unconscionable” and must be
      Bloomberg; BLOOMBERG  -  931 words
    • 507 14 Govts should make clear to citizens that return to prudent policies is necessary Reuters [BEIJING] Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year, the No 2 official at the International
      Reuters; BLOOMBERG  -  507 words
    • 540 14 NYT [PARIS] Europe should have a “fire brigade” backed by funds from governments and the private sector to deal with failures of large banks, the managing director of the International Monetary Fund (IMF) said last Friday. “What I think is needed is
      NYT  -  540 words
    • 612 14 EUROZONE CRISIS AFP [BRUSSELS] The summit opens on Thursday, the subject isn’t even on the agenda and the markets have control of the political keys, even as Germany debates what to do about Greece. As one experienced observer notes, it’s as if
      AFP  -  612 words
    • 679 14 AFP [ATHENS] The financial crisis rocking Greece has brought into focus the warped reality of the country’s civil service, where a long tradition of political perks has bred fiscal disaster, analysts say. Packed with political supporters of governments past and present and
      AFP  -  679 words
    • 617 14 Ruling coalition is losing support in the polls, say analysts AFP [BERLIN] As Europe looks to Germany for answers on how to bail out debt-stric-ken Greece, Berlin has become ever more willing to defend its national interests rather than toe the European line,
      AFP  -  617 words
  • Page 13 Advertisements
    • 1556 13 2=* quoted above is tor return reservations center at 6 ght Fare 6415 via A RFRANCE KLM PREMIUM VOYAGEUR CABIN WITH 40% MORE SPACE AIR PRANrc EUROPE FROM S$2,800 (Inc taxes) Premium Voyageur is Air France's brand new cabin between Business Class and Economy Class, featuring 40% more space and
      1,556 words
    • 353 13 C.K. TEOH PTE. LTD. (Reg No: *****0388G) (In Members'Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50, the Final Meeting of the Company will be held at 152 Beach Road #21-07/08 Gateway East Tower, Singapore *****1 on
      353 words
    • 345 13 NOTICE TO CREDITORS AND CONTRIBUTOR! ES OF INTENTION TO APPLY FOR RELEASE INNOVATIVE STRUCTURAL SYSTEMS PTE LTD Co. Reg. No. *****8795Z COMPANIES WINDING UP NO. 83 OF ***** Take notice that I, the undersigned Liquidator of the abovenamed company, intend to apply to Court for my release, dissolution of the
      345 words


  • MALAYSIA/INDONESIA
    • 583 15  -  Cleaning up the Klang River is a start; a relook at water prices is needed MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THE Selangor state government is to be lauded for its plan to rehabilitate the Klang River a 120 km channel between Klang and Ampang
      583 words
    • 452 15 Health, agriculture, creative industries will be open to overseas investors Reuters [JAKARTA] Indonesia plans to unlock more sectors to overseas investors including health, agriculture and creative, although it will not allow investment in telecommunication towers, the head of the country’s investment coordinating board
      Reuters  -  452 words
    • 2079 15 VOL Mar 19 RM +/-(‘000) A M Realty 0.70 unch 0 Abric Bhd 0.19 unch 0 Advance Synergy 0.15 unch 544 Adventa Bhd 3.39 unch 1464 Ae Multi Hldgs 0.67 0.01 3473 Affin Holdings 2.81 -0.05 888 Ahmad Zaki Resou 0.88 -0.01 27 Aic Corp 0.61 -0.02 264
      2,079 words
  • Page 15 Advertisements
    • 270 15 plus EXPO SUNTEC SINGAPORE HALL401-404 3-4 April 2010 11 am-9pm (Sat), 10am-8pm (Sun) ENERGISE REJUVENATE CELEBRATE INSPIRE Take living to a new height Indulge in the shopping experience of the year at the 50plus Expo 2010, where lots of fun activities, exciting performances and great giveaways await! ujn! IV Discover
      270 words

  • GREATER CHINA
    • 588 16 Commerce Minister Chen Deming fires latest salvo in spat over yuan’s value Reuters AFP [BEIJING] Beijing will take retaliatory steps if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said yesterday, the latest salvo in a
      Reuters; AFP  -  588 words
    • 368 16 Beijing is concerned by rising cost of imported inputs Reuters [BEIJING] China’s 2010 inflation goal of 3 per cent is tough but achievable, with good grain supplies and excess capacity helping keep prices down, while growth should hit 8 or 9 per cent, senior government
      Reuters; AFP  -  368 words
    • 431 16 Reuters [BEIJING] China’s leading banks are likely to affirm that their lending will remain brisk and be more profitable this year, their immediate capital needs have been met and that souring loans are at manageable levels. Profits at the 14 listed
      Reuters  -  431 words
    • 125 16 Bloomberg [HONG KONG] Hong Kong’s air quality worsened for a fourth day, even though the Central business district was largely closed for the weekend. Pollution reached 140 at 1pm on the government’s gauge in Central, a “very high” level at which people with lung or heart
      Bloomberg  -  125 words
  • Page 16 Advertisements
    • 2977 16 WAT-3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Excelpoint 1 EXCELPOINT TECHNOLOGY LTD. (Company Registration No. *****3280C) (Incorporated In The Republic of Singapore with limited liability) NOTICE OF NINTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of Excelpoint Technology Ltd. ("the Company") will be held
      2,977 words

  • INDIA
    • 588 17 The opposition has attacked the govt for its inability to control food prices AFP [MUMBAI] India’s central bank looks set to tighten monetary policy further after raising interest rates for the first time in nearly two years as it bids to
      AFP; REUTERS  -  588 words
    • 477 17 Bloomberg [NEW DELHI] Oil India Ltd and Indian Oil Corp jointly made the bid for Gulfsands Petroleum plc that the UK company with assets in Syria and the Gulf of Mexico rejected last week, three people familiar with the matter said.
      Bloomberg  -  477 words
    • 386 17 They include Bharti, Vodafone, Aircel, Reliance, Tata Bloomberg [NEW DELHI] Vodafone Group plc and Bharti Airtel Ltd were among nine companies that applied to take part in auctions for India’s third-generation mobile phone services as the South Asian nation seeks to raise money
      Bloomberg  -  386 words
  • Page 17 Advertisements
    • 232 17 FAMOUS FOR OUR AWARD-WINNING PERFORMANCE ANOTHER YEAR OF STELLAR PERFORMANCE WITH 12 LIPPER FUND AWARDS Our consistent focus on solid investment performance has earned more than accolades it has made Franklin Templeton Investments one of the most recognised names in investment management worldwide. franklintempleton.sg/awardwinning c* a THE EDGE I LIPPER
      232 words

  • ASIA-PACIFIC/WORLD
    • 616 18  -  Annual poll findings reflect shift towards Asia and away from America, Europe By ANTHONY ROWLEY MOVES by the government to strengthen national ties with China are being matched by businessmen who are stepping up their rate of investment in China, with
      616 words
    • 460 18 AP Bloomberg [MUMBAI] India’s largest telecommunications operator, Bharti Airtel Ltd, has finalised US$8.3 billion in financing needed for its proposed acquisition of the Africa assets of Kuwait’s Zain. In a statement yesterday, Bharti said: “The financing was oversubscribed, with major international
      AP; Bloomberg  -  460 words
    • 718 18 Leaving China will close key avenue of future growth Reuters [SAN FRANCISCO] An exit from China’s search market could mark a setback not only for Google Inc’s global business strategy but for a stock that has long been synonymous with
      Reuters; REUTERS  -  718 words
  • Page 18 Advertisements
    • 1682 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg PACIFIC SHIPPING TRUST (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING OF THE UNITHOLDERS NOTICE IS HEREBY GIVEN that the Annual General Meeting of the unitholders of Pacific Shipping Trust
      1,682 words

  • WORLD
    • 492 19 Senate Banking Committee debates on regulatory reform today NYT [WASHINGTON] US President Barack Obama on Saturday pressed the case for comprehensive changes to the financial system and called on the Senate “to resist the pressure from those who would preserve the status quo”. Noting that
      NYT  -  492 words
    • 354 19 Bloomberg [BERLIN] German authorities have opened investigations into some 1,100 suspected cases of tax evasion in an operation that includes unidentified employees of Credit Suisse Group, a state prosecutor’s office said. Officials in the state of North Rhine-Westphalia began the nationwide probe
      Bloomberg  -  354 words
    • 333 19 Reuters [LONDON] Two opinion polls yesterday indicated that no party was on course to win an overall majority in the upcoming British election, the latest surveys to point to a hung Parliament as the most likely outcome. Although the polls disagreed on which
      Reuters  -  333 words
    • 378 19 Nakheel woes may prompt better bankruptcy laws Reuters [DUBAI] The trillion dollar Islamic finance industry is looking beyond the troubles of Dubai developer Nakheel at possible reforms that could help draw more interest from Western players. Dubai World rocked the global markets in November
      Reuters  -  378 words
  • Page 19 Advertisements
    • 135 19 '%r"~ >> >^ w I XtOw I mC# v J %v K W» *Nfc "v < S* ENGAGE THE NEWS AUDIENCE with The AsiaOne Network. Whatever your marketing direction, you can attract your desired readers with the different perspectives and interactive experiences from The Straits Times'suite of online platforms. Visit
      135 words

  • AVIATION
    • 613 20 Union claims huge walkout but BA says staff turnout good AFP [LONDON] British Airways cabin crew entered a second day of strikes yesterday. The action forced the cancellation of hundreds of flights, but the airline insisted that thousands of passengers were still able
      AFP; REUTERS  -  613 words
    • 2949 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ456 1245 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 Amsterdam LO4031 0610 LO4032 2350 SQ323 0610 SQ324 2350 US5410 0610 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ348 0105 Auckland LH9761
      2,949 words
    • 606 20 Passenger traffic, air-freight shipments picking up, says company Bloomberg [SEATTLE] Boeing Co, seeking to reclaim its title as the world’s biggest commer-cial-plane maker, will boost production of its largest jets to meet increasing demand as airlines recover from the recession-induced travel slump.
      Bloomberg  -  606 words
    • 478 20 Kulula accused of ambush marketing unauthorised association with World Cup AP [JOHANNESBURG] A South African budget airline has dropped a national newspaper advertisement after Fifa complained that it breached “ambush marketing” laws surrounding the World Cup. The airline, Kulula, ran an ad
      AP  -  478 words
    • 137 20 Reuters [THIRUVANANTHAPURAM, India] Explosive material was found on a passenger plane after it landed in southern India, but it was not immediately clear whether it was meant to be detonated on a flight, police said yesterday. Forensic specialists were inspecting a package the size
      Reuters  -  137 words
  • Page 20 Miscellaneous
    • 296 20 CRYPTIC CROSSWORD Across 1 Suspicious or dubious about religious education (12) 8 Reverence in bishop is more natural (5) 9 Revolutionary is outside, revolting (9) 11 Paramilitary guerrilla organisation, right replacing left (9) 12 Fit plug to the point (5) 13 Break fiancée’s heart with merciless exterior (9) 16 Desperate
      296 words

  • SHIPPING
    • 370 21  -  US proposal to ban ransom payments would endanger crew, adds safety panel By VINCENT WEE [SINGAPORE] Asian shipowners have once again reiterated their concerns over the problem of piracy in the Gulf of Aden while also highlighting remaining operational concerns ahead of
      370 words
    • 337 21  -  By AL LABITA AN internationally known Philippine-listed port operator will list its US$250 million corporate note on the Singapore Exchange (SGX) late this month following roadshows in Manila, Singapore and Hong Kong. Meant to test the international debt market after last
      337 words
    • 274 21 Reuters [HELSINKI] Finnish port workers and operators agreed on a new wage deal on Friday, ending a two-week strike that has cost industry 1.5 billion euros (S$2.8 billion) and crippled the Nordic country’s exporters. Workers will return to their jobs tomorrow at
      Reuters  -  274 words
    • 420 21 AP [MIAMI] The cruise industry is rebounding, but not for the companies who build the increasingly elaborate ships. Executives from the major European shipyards say they’re not getting enough orders to keep busy and profitable. Though cruise bookings and prices are up, a flood of
      AP  -  420 words
  • Page 21 Advertisements
    • 232 21 Asia Pacific MARITIME 11 th EDITION THIS IS THE ONE CONNECTING YOU TO INTERNATIONAL MARITIME PLAYERS 24 26 March 2010 Singapore Expo Hall 3 and 4 www.apmaritime.com Opening Hours 24 25 March 2010 26 March 2010 (Wed&Thur) (Fri) I000-I900hrs I000-I700hrs J l^l Meet 12 National Pavilions from China, Denmark, France,
      232 words

  • DINING OUT
    • 811 22  -  NEW MENU Michelangelo's Blk 44 Jalan Merah Saga, #01-60 Chip Bee Gardens. Tel: 6475 9069 By Cheah Ui-Hoon BACK in 1995 when Michelangelo's first opened, it made waves as an independent restaurant, serving the kind of fare one associated with a restaurant within a hotel. It
      811 words
    • 611 22  -  NEW MENU Saint Pierre #01-01 Central Mall 3 Magazine Rd. Tel: 6438 0887 www.saintpierre.com.sg By Audrey Phoon THINGS were a wee bit tough for Paul Froggatt when he first moved from the helm of San Marco to that of Saint Pierre. There were those Emmanuel
      611 words
    • 226 22  -  SPECIAL PROMOTION Brasserie Les Saveurs The St Regis 29 Tanglin Rd. Tel: 6506 6866 By AUDREY PHOON THERE'S a Spanish proverb that goes: no dejes para mañana lo que puedas hacer hoy don't wait for tomorrow to do something you can do
      226 words
  • Page 22 Advertisements
    • 239 22 LUXUR WINE DINE AND HOSPITALITY r L n A BOUTIQUE HOTEL escre get all stimulated at lunch with our fresh bold flavours at modest prices. There's never been a better time to boost your culinary pleasure levels. 'Two to Tango' $26++ Choice of an appetizer and entree or an entree
      239 words

  • SINGAPORE STOCKS
    • 9413 23 Week ended: Mar 19 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3.5 3148 8Telecom 17 +0.5 1679 17 16.5 16 17 1.7 10.6 5.5 81.4 10 3 5834 A-Sonic
      9,413 words
    • 1849 24 52-wks Tel Last Vol Week 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 5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1
      1,849 words
    • 559 24 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109.5 unch 1 109.5 109.5 109.5 112 499.8 863 456 CIMBAsean40 100US$ US863cd +16 427 863 842
      559 words
    • 265 24 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 25 6000 AVJennings A46.5 -1 23 47 43.5 46 50 3.6 7.5 3.7 121.1 31 6.5 6017 Genting HK US$ US20 -0.5 5503
      265 words
    • 118 24 Stock name Close Change Stock name Close Change Stock name Close Change CapitaLand 4.040 -0.020 CapitaMall 1.810 -0.050 CityDev 10.800 -0.120 ComfortDelGro 1.570 +0.010 Cosco Corp 1.250 -0.020 DBS Grp 14.120 -0.460 F&N 4.450 +0.050 Genting SP 0.960 +0.020 Golden Agri 0.565 +0.005 HK Land 4.930
      118 words
    • 186 24 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 5 2 0 0 0 11 5 2 Manufacturing 102 68 67 11 10 13 113 78 80 Commerce 43 15 24 8 5 5 51 20 29 Tpt/Stor/Comms 21 13 10
      186 words
    • 122 24 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 130,477 130,477 437,637 437,637 Manufacturing 1,923,716 57,232 1,980,948 962,517 8,563 971,080 Commerce 414,797 42,789 457,586 639,872 13,112 652,984 Tpt/Stor/Comms 413,672 12,342 426,014 750,018 2,063 752,081 Finance 142,731 2 142,733 1,022,423 1,022,423 Construction 233,567 26,641 260,208
      122 words
    • 2703 24 Transaction date: Mar 19 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.80 0.29 12 Aeon Stores 13.00 -0.60 64 Angang Steel 14.42 -0.14 ***** Anhui Conch 49.10 0.80
      2,703 words

  • Page 24 Advertisements
    • 26 24 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 365 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 19 Index Change Change Change Change Change Change World Index Preliminary 858.2 -0.3 3.1 -0.4 1.4 -0.5 1.9 EAFE Preliminary 803.6 0.1 2.4 -0.3 -1.0 -0.4 -0.5 Europe Preliminary 1148.7 -0.2
      365 words
    • 132 25 Mar 19 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2730 1.3110 Can dollar 1.3680 1.3840 Euro 1.8890 1.9100 NZ dollar 0.9890 1.0100 Sterling pound 2.1160 2.1390 US dollar 1.3870 1.4030 Local dollars to 100 units of foreign
      132 words
    • 29 25 Mar 19 Open High Sett STI Mar 347.5 349.0 346.5 SIMSCI Mar 347.3 348.8 347.3 Taiwan Mar 281.6 282.8 282.1 Source: MF Global (S) Pte. Ltd
      29 words
    • 180 25 Mar 19 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.27 0.22 1 month 0.35 0.25 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
      180 words
    • 22 25 Mar 19 S$ Bid Offer 1-month 1.3939 1.3953 2-months 1.3941 1.3955 3-months 1.3943 1.3956 6-months 1.3948 1.3962 Source: OCBC
      22 words
    • 68 25 Mar 19 Mar 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2578 2620 2620 2576 650 7412 May 10 2550 2583 2592 2548 2812 ***** Jun 10 2542 2577 2580 2536 8911 ***** Jul 10
      68 words
    • 362 25 Mar 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6000 0 3897 Sep10 99.4350 0 2435 Dec10 99.1550 0 2470 Mar11 98.8200 0 2130 EUROYEN TIBOR FUTURES Jun10 99.6000 99.6050 99.6000 99.6050 2 4354 Sep10 99.6200 99.6200 99.6200 99.6200 0 3992 Dec10 99.6300 50 1310
      362 words
    • 187 25 Mar 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 332.5 328.0 332.5 31 707 May 10 329.5 329.5 329.5 10 652 Jun 10 325.5 325.5 325.5 20 800 Jul 10 322.0 60 320 Aug 10 317.5
      187 words
    • 84 25 Mar 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17.06.2010 0.37 1-Year BY*****N 01.11.2010 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.28 5-Year N*****0N 1.375 01.10.2014 100.35 7-Year N*****0S 2.875 01.07.2015
      84 words
    • 105 25 Mar 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 961.75 959.50 964.00 952.25 Jul 10 969.50 967.50 971.75 960.00 Aug 10 966.00 963.75 967.50 956.75 Sep 10 952.00 948.75 952.00 942.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.30 39.25 39.54
      105 words
    • 77 25 CRUDE OIL PRODUCTS Mar 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.26 -0.13 WTI (Near Mth) 82.10 -0.64 Dubai (1-Mth F) 78.68 -0.38 Tapis blend 83.95 0.10 Minas 82.55 0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.44 0.22 Jet Kerosene 88.70 -0.65 US$/barrel Opec Oil
      77 words
    • 2734 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 unch 450 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 2 unch 289 1 4 33 2.25 23 2036 Advance SCT Ltd W*****9 0.5
      2,734 words
    • 465 25 Mar 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.937 6.286 0.676 7.146 41.870 83.802 0.834 10.431 3.036 1.292 77.494 41.910 1.284 6.729 0.972 29.266 29.745 0.607 0.921 Canada 1.067 6.707
      465 words
    • 85 25 Mar 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 25 Mar 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2834 1.2849 0.9208 0.9210 Canadian dollar 1.3692 1.3710 0.9823 0.9827 Euro 1.8974 1.8994 1.3613 1.3615 NZ dollar 0.9932 0.9944 0.7126 0.7128 Sterling pound 2.1137 2.1162 1.5165 1.5169
      154 words
    • 138 25 Mar 19 GOLD (US$/oz) Mar 19 Mar 18 Hong Kong 1123.00 1122.00 Mar 18 Mar 19 London 1125.85 1102.85 1126.85 1103.65 Source: Thomson Reuters CAST BAR Mar 19 (S$) Selling Buying Kilobar 54,070.31 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 343.47 252 10gm 614.18
      138 words
    • 71 25 Mar 19 Mar 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2225.25 2242.50 3 months 2258.00 2276.00 Copper, Grade A (US$/tonne) Cash 7397.50 7450.50 3 months 7435.00 7486.00 Lead (US$/tonne) Cash 2166.75 2217.00 3 months 2195.00 2245.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 77 25 Mar 19 COCOA (£/tonne) Close Prev High/Low May 10 2198 2213 2229/2178 Jul 10 2207 2212 2232/2185 Sep 10 2159 2159 2180/2142 Dec 10 2133 2140 2151/2114 COFFEE (US$/tonne) Close Prev High/Low Mar 10 1226 1242 1244/1240 May 10 1258 1267 1276/1256 Jul 10 1292 1301 1305/1291 SUGAR (US
      77 words

  • 6652 26 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.
    6,652 words
  • Page 26 Advertisements
    • 28 26 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALI IOE WONG AT 9620 1 Can "they find your services here in the Shipping THE BUSINESS TIMES SHIPPING TIIVIES
      28 words

  • Page 27 Advertisements
    • 28 27 I THE BUSINESS TIIN/IES HIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT Can they find your services here in the Shipping Times?
      28 words

  • BizIT
    • 497 28  -  MDA’s cross-carriage rule for rival pay-TV companies earlier this month changes the situation, says WINSTON CHAI WINSTON CHAI BEYOND sparking immediate changes to the pay-TV sector, a recent change in government policy has also ignited questions on the need for the government’s longerterm plan to
      497 words
    • 458 28 iPhone took 74 days to hit 1 m sales after launch in June 2007 Bloomberg [SAN FRANCISCO] The odds are stacked against Apple Inc’s new iPad reaching sales of one million as quickly as the iPhone, an online bookmaker said. The iPhone,
      Bloomberg; AP  -  458 words
    • 520 28 AFP [WASHINGTON] Taiwan cellphone maker HTC, accused by Apple of infringing on iPhone patents, said last Thursday that it would “fully defend” itself against the charges. “HTC disagrees with Apple’s actions and will fully defend itself,” HTC chief executive Peter Chou
      AFP  -  520 words
    • what’s up
      • 102 28 CISCO Systems has launched its latest networking platform for telecoms companies to help them tackle the heavy bandwidth needs of the next wave of video, mobile and online services. The new Cisco CRS-3 Carrier Routing System triples the capacity of its predecessor CRS-1 at up
        102 words
      • 127 28 FUJITSU has launched the Primergy CX1000 (above), a server powered by the new generation Intel Xeon processor 5600 series and aimed at the cloud computing environment. An eye-catching feature is its cooling architecture that removes the need for the datacentre “hot aisle” the space behind server
        127 words
      • 84 28 HEWLETT-PACKARD (HP) has launched the HP MultiSeat Computing Solution, a low cost shared-resourcing offering aimed at educational institutions. The system, which is powered by Microsoft’s new Windows MultiPoint Server 2010, comprises a host PC that is connected to thin client devices, and can be shared by
        84 words
      • 73 28  -  Compiled by ONG BOON KIAT FUJI Xerox is holding its annual business IT conference, DocuWorld, at Swisshotel Merchant Court on March 23 and 24. The event will feature industry experts from IDC, EMC, Latize and Fuji Xerox, who will be speaking on topics such as
        73 words
    • 516 29  -  Drive to build a search platform combining searching with rich contextual suggestions By ONG BOON KIAT A RICHER and more userfriendly experience awaits visitors to Yahoo’s websites in the months ahead. They can also expect more packaged content to be served up by
      516 words
    • 299 29 Reuters [BANGALORE] HewlettPackard Co (HP) has signed a strategic deal with Polycom Inc to sell the video conferencing company’s products and says it is terminating its relationship with Norway’s Tandberg ASA. The deal boosts Polycom’s position against Cis-co-Tandberg and helps HP which
      Reuters  -  299 words
    • 410 29 They cashed in on 2006 sale to Google: released documents AFP [NEW YORK] YouTube’s creators walked away with hundreds of millions of dollars after the start-up was bought by Google in 2006, according to documents released in a copyright brawl between Viacom and Google. While
      AFP; BLOOMBERG  -  410 words
    • 725 29 Reuters [NEW YORK] Super-fast Internet for every American may sound like a pipe dream, but if the US National Broadband Plan is even partially successful, it will mean billions of dollars of new sales for network equipment makers such as Cisco
      Reuters  -  725 words
    • 491 29 It hopes to gain from growth in advanced economies AP [SEOUL] Samsung Electronics predicted a strong 2010 as economic expansion in advanced and large developing economies gains speed and said it is aiming for double-digit sales growth from last year’s record high. The world’s
      AP; BLOOMBERG  -  491 words
  • Page 28 Advertisements
    • 153 28 This is the second of four "Going Global" talks organised by the Action Community for Entrepreneurship (ACE) and The Business Times, where a prominent business leader and trailblazer shares his or her company's expansion and experience in the global market. GOING GLOBAL SERIES LESSONS FROM THE US OSIM was established
      153 words


  • Page 30 Advertisements
    • 47 30 HITACHI. THE ROOTS FOR A GREENER WORLD. a™ "Hmi mm 1^: ■r~; HITACHI COMPACT MBR RO SYSTEM Recycles wastewater Multiple uses for treated water Effectively cleans up industrial discharge At Hitachi, you will discover eco-friendly values across a diverse technology range. TECHNOLOGY*"^ HITACHI www.hitachi.com.sg/roots Inspire the lMext
      47 words