The Business Times, 26 March 2010

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Total Pages: 44
1 44 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfll A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, March 26,2010
    23 words
  • 619 1  -  4 months on, sale still not sealed; clearances awaited By RONNIE LIM [SINGAPORE] Four months after the sale of Temasek’s exploration and production arm Orchard Energy was announced, the deal is yet to close. Some regulatory approvals from Indonesia are still to come through.
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  • 141 1 ST INDEX 2,888.37 (+2.01) ST INDEX FUTURES 2,888 (+2) SIMSCI 343.08 (-0.03) SIMSCI FUTURES 343.70 (+0.00) FOREX US$ S$ US$ (S$ per US$) 1.407 (US$/S$ per 1.492 2.099 EURO (US$/S$/E) 1.332 1.874 Foreign currency per US$ S$ YEN 91.90 65.30 RM 3.322 2.361 HK$ 7.762 5.517 BAHT 32.40
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  • 859 1  -  It rejects Redas chief’s ‘hands-off’ plea, says it can’t let private property bubbles form By UMA SHANKARI [SINGAPORE] The government yesterday defended its policy of managing price movements in the private housing market and also stood by its method of supplying developers with state
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  • Page 1 Advertisements
    • 109 1 FESTIVALS AROUND THE WORLD Melbourne’s March madness PAGE 40 HOCK LOCK SIEW SGX shows its steel and it shines ARTS Evolution of the Chinese orchestra PAGE 6 PAGE 42 LETTER TO THE EDITOR How many directorships? There’s no magic number PAGE 31 RETIREMENT VILLAGES What’s in store for Singapore’s ageing
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  • TOP STORIES
    • 566 2 Govt rebuts Cheong’s ‘free market’ theory THE government yesterday defended its policy of managing price movements in the private housing market and also stood by its method for supplying developers with state land sites. It was responding to Wednesday’s speech by the president of the Real Estate Developers’
      566 words
    • 718 2  -  Reports suggest move might be imminent to cash in on World Cup fever By S JAYASANKARAN in Kuala Lumpur THE shares of Malaysian gaming companies spiked up yesterday on speculation that they could get in on Kuala Lumpur’s plans to legalise sports
      AFP  -  718 words
    • 459 2  -  By SIOW LI SEN [SINGAPORE] DBS Bank said yesterday that it no longer does business with a crooked Ukraine Internet company called Innovative Marketing Ukraine. The bank, which used to handle credit card payments for the company until it closed the account in 2008,
      459 words
    • 418 4 Latest remarks by German Chancellor raise hopes of support for Greece Bloomberg [NEWYORK] The euro rose from a 10-month low versus the US dollar after German Chancellor Angela Merkel said that she supports loans to Greece as a last resort, boosting speculation that Germany’s
      Bloomberg  -  418 words
    • 519 4  -  By KALPANA RASHIWALA [SINGAPORE] Hong Leong Group has inked a deal to sell Marina House at Shenton Way for $148 million, BT understands. The buyer is believed to be a group led by niche property developer and investor Melvin Poh. Members of his
      FILE PHOTO  -  519 words
    • 476 4  -  By LEE U-WEN [SINGAPORE] Thailand’s top court has begun the lengthy process needed to carry out its order to seize 46.4 billion baht (S$2 billion) belonging to the family of fugitive former prime minister Thaksin Shinawatra. But lawyers acting for the 60-year-old said
      REUTERS  -  476 words
    • 398 4  -  By JOYCE HOOI [SINGAPORE] The refrain of “cheaper, better and faster” should not be drawn along national lines, said Lim Swee Say, Minister in the Prime Minister’s Office and secretary-general of the National Trades Union Congress (NTUC), yesterday. Mr Lim was speaking at
      398 words
    • 429 4  -  By NISHA RAMCHANDANI [SINGAPORE] Changi Airport registered the strongest growth in six years in February, when passenger numbers shot up 21.5 per cent year on year to 3.11 million, helped by the Chinese New Year holiday and the Singapore Airshow. It was
      REUTERS  -  429 words
  • Page 2 Advertisements
    • 502 2 RafflesMedical n «< Exercise is almost always a good thing. Exercising reduces the risk of chronic diseases like hypertension, diabetes and heart disease. It slows down the effects of ageing on the body's systems. Exercise even helps us to feel good physically and emotionally, as well as to look good.
      502 words
    • 249 2 Tve Won A n Holiday To You could be one of our 10 lucky winners of a FREE trip to Korea for 2. Just log on to www.ipcgroup.com.sg and answer a few simple questions. That's all there is to it! Winners will be notified via email and results posted on
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    • 124 5 www.vw.com.sg V 1 J VI s k R If Go New K *\V, •o r s <* «^v_ Introducing the fastest Golf ever. 0-100 in 5.7 seconds. The new Golf is the most powerful and fastest accelerating Golf ever produced. With 256bhp from its 2.0-litre TSI turbocharged engine, it can
      124 words

  • COMPANY NEWS
    • 809 6  -  Some want more time, others say 2 years is enough; caveat emptor seen cutting both ways NEWS ANALYSIS By LYNETTE KHOO IN a few days’ time, the first batch of companies on the watch-list of loss-making companies that were asked to delist will fall off the
      809 words
    • 928 6  - SGX shows its steel and it shines HOCK LOCK SIEW By WONG WEI KONG DELIVERING a public rap and setting in motion a series of forced delistings in recent weeks, the Singapore Exchange (SGX) has certainly been making its regulatory presence felt. And that, even if coming too late for
      928 words
    • 518 8  -  Brokers expect quarterly earnings to be hit by weaker trading volumes By MICHELLE QUAH BROKERS have cut their share price targets for the Singapore Exchange (SGX), ahead of its quarterly results next week, predicting earnings will be hit by weaker trading volumes.
      518 words
    • 585 8 Reuters [NEW DELHI] Bharti Airtel looked set to wrap up its US$9 billion deal to buy most of Kuwaiti telecom group Zain’s African assets, giving India’s top mobile operator a foothold in the frontier market in its third attempt. Bharti, which
      Reuters  -  585 words
    • 360 8  -  Trading of deferred settlement contract starts on Tuesday By KAREN NG SINGAPORE Commodity Exchange (Sicom) is confident that its gold deferred settlement contract, which begins trading on Tuesday next week, will appeal to global investors. Jeremy Ang, chief executive officer of Sicom, a
      360 words
    • 550 8 Reuters [HONG KONG] DBS, Southeast Asia’s biggest bank, has identified several acquisition targets in Indonesia, its chief executive said yesterday, as it embarks on an ambitious plan to expand in fast-growing emerging markets. “There are at least several targets that we can see in
      Reuters; REUTERS  -  550 words
    • 460 12  -  Shareholders okay consolidation of distribution biz under $320m KSD By RONNIE LIM FINALLY, for Indonesian tycoon Kris Wiluan, it will be all under one roof. This was a target which he had set as far back as 2006, when he took
      FILE PHOTO  -  460 words
    • 416 12  -  By VINCENT WEE KEPPEL Offshore Marine (Keppel O&M) has, through three subsidiaries, secured a floating production storage and offloading vessel (FPSO) conversion job and two rig repair and upgrades worth a total of $140 million. No individual contract values were revealed. But of
      416 words
    • 366 12  -  By VINCENT WEE SINGTEL is making innovative use of technology to bring down the cost of high speed broadband services at sea which can potentially save up to US$120,000 in infrastructure costs per vessel. The first in Asia solution was launched this week
      366 words
    • COMPANY BRIEFS
      • 74 12 JAPAN Land last night said that the group’s ability to continue as a going concern could be in doubt, if negotiations with M+W Zander over delayed progress payments fall through. Trading may thus be suspended with immediate effect. Japan Land had said on Wednesday that
        74 words
      • 69 12 CHINA Sun Bio-Chem Technology Group faces a delisting, after failing to meet yesterday’s deadline to submit a trading resumption proposal. The company also said yesterday that it “will not be applying to extend the deadline for the submission”. Trading of China Sun’s shares has been
        69 words
      • 57 12 KOON Holdings has acquired a 75 per cent stake in ECI Corporation for $3.75 million. ECIC, a precaster for HDB projects, has $10.9 million worth of projects on hand. The acquisition is expected to have a positive impact on Koon’s performance for
        57 words
      • 69 12 TEE International Ltd has entered into an agreement with TG Development Pte Ltd and TG Capital Management Pte Ltd to jointly develop the properties located at 47, 49, 51, 55, 57, 59 and 61 Cairnhill Circle into an upper-middle range residential condominium for sale.
        69 words
  • Page 6 Advertisements
    • 506 6 INITIAL PUBLIC OFFERING STRUCTURES THAT r m SU BSC HOtyi IPQ C/o S 301V, es I X?2»70 a? '2.00 lOOfj TTJ HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 28 August 1992) (Company Registration No. *****4617M) TTJ Holdings Limited is a leading structural steel specialist offering design, supply, fabrication
      506 words

  • Page 7 Advertisements
    • 272 7 A C Y N GARDEN HOMES FREEHOLD J ii |0 St. Joseph s |g National Junior 'College j Raffles Girls L Pri Sch BUKIT TIMAH RD M KS Stevens (u/c) ki Nanyanq u Pri Sch Raffles Girls Sch Tangs Shopping Centre The Paragon TANGLIN RD ORCHARD RD Come home to
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  • Page 9 Advertisements
    • 81 9 THE ICON REIMAGINED THE ALL NEW XJ. Unlike any car you've seen before. Because no one has ever thought about a car in this way before. It's the stunning result of taking a very different road. You won't need a test-drive to be smittened. Now available for preview. iTi >*)
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  • SINGAPORE MARKETS
    • 581 10  -  Activity remains subdued with low liquidity, rotational activity generated by dealers and proprietary desks STOCKS R SIVANITHY Senior Correspondent THE local stock market yesterday continued to display the same features which have been a hallmark of trading for more than a month now low liquidity, mainly rotational
      Source: Bloomberg  -  581 words
    • 4 10 DAILY
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    • 66 10 Mar 25 VALUE CLOSE BT OB/OS 166.00 +34.00 BT CADI -*****.00 +31.00 BT 10-day MA -*****.00 +16.00 FTSE ST Mid Cap 694.27 +2.86 FTSE ST Small Cap 556.27 +3.83 FTSE ST All Share 712.94 +1.15 FTSE ST China Top 279.12 +0.06 FTSE ST China 296.85 +0.83 FTSE
      66 words
    • 186 10 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 4 0 0 0 4 8 4 Manufacturing 69 51 76 10 5 12 79 56 88 Commerce 21 17 26 6 5 3 27 22 29 Tpt/Stor/Comms 14 16 11
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    • BROKERS’ TAKE
      • 334 10 Services March 25 close: $2.65 DBS GROUP RESEARCH, March 25 MOST recent data from Changi Airport showed flights, passengers and cargo grew by 5.5 per cent, 10.1 per cent and 20 per cent y-o-y, respectively, in January 2010. We project that Singapore Airport Terminal Services (SATS) will
        Source: Bloomberg  -  334 words
      • Article, Illustration
        502 10  -  Compiled by CONRAD TAN March 25 close: $3.18 DMG PARTNERS SECURITIES, March 25 FACILITIES in place to support growth. From March 15-19, 2010, we visited Noble’s coal mines in Australia, and its port and grain crushers in Argentina. We view positively Noble’s subsidiary Donaldson’s access to NCIG port
        Source: Bloomberg  -  502 words
    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 12,992 12,992 30,505 30,505 Manufacturing 350,441 4,927 355,368 247,407 438 247,845 Commerce 117,071 4,089 121,160 106,044 1,115 107,158 Tpt/Stor/Comms 62,821 215 63,036 105,198 30 105,228 Finance 23,014 80 23,094 131,566 7 131,573 Construction 59,625 26,076
      121 words
    • 109 10 Stock name Close Change CapMallsAsia 2.290 CapitaLand 3.940 -0.060 CapitaMall 1.850 +0.020 CityDev 10.720 +0.140 ComfortDelGro 1.570 +0.010 DBS Grp 14.440 -0.040 F&N 4.540 -0.090 Genting SP 0.925 +0.015 Golden Agri 0.540 -0.020 HK Land 4.820 +0.010 JMH 34.200 +0.040 JSH 19.700 -0.020 Jardine C&C 28.100
      109 words
    • 479 10 CURRENCIES Reuters [LONDON] The euro held near 10-month lows against the US dollar yesterday on fiscal concerns after Portugal’s debt was downgraded the previous day and with European leaders set to discuss aid for debt-stricken Greece. Diplomatic efforts on the eve of the two-day
      Reuters; BLOOMBERG  -  479 words
    • 55 10 VOLUME Golden Agri 140,425,000 Genting SP 50,099,000 Z-Obee Hldgs 42,710,000 Healthway 39,670,000 Yongnam 29,154,000 Abterra 27,760,000 Armstrong 27,655,000 TopGlobal 25,296,000 PineAgritech 23,648,000 Novo Grp 22,795,000 VALUE($) Wilmar 98,625,364 Golden Agri 77,001,640 CapitaLand 74,066,250 Genting SP 45,973,710 Noble Grp 43,868,450 StraitsAsia 37,598,200 DBS Grp 37,068,520 UOB 33,060,740 SingTel
      55 words
    • 107 10 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 4425 52.0 0.8 Jardine C&C 2810 42.0 1.5 Great Eastern 1502 28.0 1.9 DBXT S&P Short 10US$ 5108 22.5 0.3 Spore Land 688 18.0 2.7 Wilmar 665 17.0 2.6 DBXT MSINDO 10us$ 1165 14.1 0.9 CityDev 1072 14.0 1.3 Petra 130 12.0
      107 words
    • 124 10 BY CENTS CLOSE DOWN GLD 10US$ ***** -74.5 -0.5 DBXT FTChina25 10US$ 2905 -64.7 -1.6 DBXT Nifty 10US$ ***** -33.8 -0.2 Lyxor China H 10US$ 1527 -33.8 -1.5 CityDev.ES.1003 1066 -30.0 -2.7 OCC 5.1% NCPS 100 ***** -18.0 -0.2 DBXT MSAsExJp 10US$ 2800 -14.1 -0.4 SGX.ES.1003 779 -12.0 -1.5
      124 words
    • 87 10 Mar 25 CHNG YR 2010 CLOSE FR Mar 24 S$ LOW S$ HIGH US$ 1.4055 -0.13 1.4219 1.3953 Euro 1.8753 0.15 2.0153 1.8753@ Pounds 2.1029 -0.06 2.2776 2.0848 A$ 1.2827 0.09 1.2923 1.2276 Yen* 1.5286 0.74 1.5927 1.5027 Rupiah* 0.***** -0.02 0.***** 0.***** Baht* 4.3385 0.04
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  • Page 11 Advertisements
    • 221 11 SA WA ATLA ATLAN DALLAS LOS AN WASHINGTON A O CITY MIAMI ORLEANS FR ANY NEW YO SAN FRANCISC O. BARCELONA UTH BEACH QUARTER NEW SQUARE NEW DALE SEATTLE WOOD ONTREAL E COURT N SQUARE CON VALLEY ISTANBUL DOH/V HONG KONG CEST DO I r SINGAPORE SENTOSA COVE THE RESIDENCES
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  • Page 12 Advertisements

  • Page 13 Advertisements
    • 178 13 CONCOURSE SKYLINE DISCOVER TRUE CITY LIVING s <■■■ If m EL w--a fr p- --spa R «a6S9HI mmm 1 E2®Sl §99 B is tjj r^*"! D 5 ftiu T~" m I! s III Sft 1 n t C LI IS! 1—fi 1! 10 111 !!!l 1:1 II 4^K+ Nicoll Highway
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  • SINGAPORE NEWS
    • 680 14  -  Iskandar Investment chief says efficient public transport key to growth of tourism By LEE U-WEN EFFICIENT trains and water taxis not building another bridge are the best solutions to enable more people to commute between Johor and Singapore quickly. This is the
      680 words
    • 374 14  -  By UMA SHANKARI HONG Leong Holdings has sold all 202 units in its upmarket 76 Shenton condominium in just one day. The one- and two-bed-room apartments in the 99-year leasehold project were snapped up after a ballot yesterday. One-bed-room units went
      374 words
    • 241 14 THE Urban Redevelopment Authority has launched the tender for an industrial site next to Seagate’s facility in Woodlands. An unnamed developer has agreed to bid at least $25 million or $28.78 per square foot per plot ratio (psf ppr) for the 60-year leasehold plot.
      241 words
    • 503 14  -  Ron Sim to share learning experience in Going Global talk By CHEN HUIFEN MUCH of the talk about M&As among SMEs has been centred on the rationale and benefits. But every M&A transaction no matter how well planned or executed involves a degree of risk.
      503 words
    • 171 14 SOUTH West Community Development Council (CDC) and its ComCare Local Network (CLN) partners will provide direct help to chronic needy families and vulnerable elderly people. “As the needs of chronic needy families and the vulnerable elderly are mul-ti-faceted, a many-help-ing-hands approach is needed
      171 words
    • 286 14 DRIFTING away from his usual call for more government subsidies for small and medium-sized enterprises, long-time SME champion Inderjit Singh said yesterday that the government should not keep pumping in resources to finance them. Speaking during a panel discussion at the Singapore Brand Conference 2010,
      286 words
    • 235 14 A DELEGATION of 13 Singapore companies, led by the Building and Construction Authority (BCA) and Singapore Green Building Council (SGBC), will attend the Sixth International Conference on Intelligent, Green and Energy-Efficient Building New Technologies and Products Expo in Beijing from March 29
      235 words
    • SINGAPORE ROUNDUP
      • 74 14 PREPARATIONS are under way for the third Singapore Garden Festival (SGF) in July. More than 400 people gathered at the Botanic Gardens yesterday morning to kickstart the project “The Man Who Planted Trees”. Over 130,000 seedlings will be planted over the next three months, so
        74 words
      • 77 14 THE theme song for the inaugural Youth Olympic Games will be sung by singers from five continents. Jody Williams of Africa, Sean Kingston of America, Tabitha Nauser of Asia, Steve Appleton of Europe and Jessica Mauboy of Oceania are in Singapore this week
        77 words
      • 66 14 THE Tripartite Committee on Work-Life Strategy has called for applications for the Work-Life Excellence Award (WLEA) 2010. Into its third year, WLEA recognises organisations with work-life strategies that have helped employees better manage their professional and personal responsibilities as well as contribute to organisational success.
        66 words
  • Page 14 Advertisements
    • 781 14 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BUGIS CITY HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. 19S*****2M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act,
      781 words

  • Page 15 Advertisements
    • 99 15 The Inauguration of Invida Group Corporate Headquarters in Singapore With Guest-of-Honour Mr S Iswaran Senior Minister of State forTrade Industry and Education I N V DA Invigorating Lives in Asia With over 4,000 employees across 13 countries, Invida specialises in the commercialisation of pharmaceutical products with a vision to be
      99 words

  • ECONOMY WATCH
    • 664 16 Home sales are sliding, prices are stalling, foreclosures are rising AP [WASHINGTON] The recovery in the US housing market is at risk of collapsing. Home sales are sliding, prices are stalling and foreclosures are rising. And mortgage rates are likely to go up
      AP; AFP  -  664 words
    • 334 16 Bloomberg [FRANKFURT] Loans to households and companies in Europe declined in February from a year earlier as sluggish economic expansion reduced demand for credit. Loans to the private sector fell 0.4 per cent, their sixth straight annual decline, the European Central Bank
      Bloomberg  -  334 words
    • 495 16  -  His admission likely to increase pressure on central bank By ANTHONY ROWLEY in Tokyo A MEMBER of the Bank of Japan’s Policy Board acknowledged yesterday that deflation expectations are increasing among the Japanese public, threatening to put further downward pressure on prices and to damage
      495 words
    • 475 16 Bloomberg [WELLINGTON] New Zealand’s economy grew at the fastest pace in two years in the fourth quarter as consumer spending, manufacturing and house construction increased. Gross domestic product rose 0.8 per cent from the previous three months, Statistics New Zealand
      Bloomberg  -  475 words
  • Page 16 Advertisements
    • 731 16 WATci NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SIN CHANG AN INVESTMENTS PTE LTD (Co. Reg. No *****3375N) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of SIN CHANG AN INVESTMENTS PTE LTD duly convened and held at 180
      731 words
    • 181 16 April issue out now! CWTs Loi Pok Yen: Aiming for world Quek Peck Lim: On building a brand i TOP STORY BUYING THE UNLOVED STO COMPANIES Value in Metro. Lion Asiapac, Singapore Re Raffles Education: Investing for the future Plus MediaRing. SIA and Yangzijiang Enjoy your copy of Pulses and
      181 words

  • MALAYSIA/INDONESIA
    • 551 17  -  Bid by Splash for water concession is at a hefty premium over state govt offer By PAULINE NG in Kuala Lumpur SHARES of water concessionaire Puncak Niaga Holdings rose 10.5 per cent or 26 sen yesterday to RM2.76 on the surprise RM10.8 billion
      551 words
    • 323 17 AFP [KUALA LUMPUR] Malaysia, the world’s second-larg-est palm oil producer, will make it mandatory for all vehicles to use biofuel from next year, the government announced on Wednesday. Malaysia’s plans to shift to biofuel a mixture of diesel with 5 per cent
      AFP  -  323 words
    • 566 17 It threatens to drop Jakarta firm as supplier over illegal logging claim Reuters [JAKARTA] Agribusiness giant Cargill Inc yesterday threatened to delist Indonesian palm oil firm Sinar Mas as a supplier if it fails to address allegations of illegal logging lodged by Greenpeace, a
      Reuters; AFP  -  566 words
  • Page 17 Advertisements
    • 39 17 GOOD CLASS BUNGALOW CHATSWORTH FOR SALE 1 Land ***** sq ft 1 Build-up 9000 sq ft 1 Charming colonial design 1 Nice frontage 1 Beautiful interior 'Almost new 1 Attractive price -rr. K H Tan *****348 Newsman Sole Agent
      39 words
    • 348 17 INVEST 1APAN NOW IT'S TIME TO LOOK AT JAPANESE MARKET While the global economic downturn has affected the Japanese economy with great impact, there are still many growing new opportunities for doing business in Japan for specific sectors, where many foreign investors have ventured and succeeded. For those new to
      348 words

  • GREATER CHINA
    • 402 18 AP [WELLINGTON, New Zealand] A Hong Kong-based investment group says it wants to invest up to US$1.1 billion in New Zealand’s dairy industry to make high-quality infant formula and long-life milk products for the Chinese market. The
      AP  -  402 words
    • 606 18 US investors put off by uncertainties as lawmakers bicker over climate change AFP [WASHINGTON] China has surpassed the United States as the top investor in clean energy with the rising Asian power becoming a “powerhouse” in the emerging field, a study by
      AFP  -  606 words
    • 500 19 China Prosper’s plans highlight growing trade ties between the two Reuters [SHANGHAI] Taiwan’s former deputy economics minister, Yang Shih-chien, now has a new business card chairman of China Prosper Investment and Management (Tianjin) Co Ltd, a new yuan-denominat-ed private equity fund manager. The
      Reuters  -  500 words
    • 401 19 Reuters [SHANGHAI] China’s central bank is set to mop up a massive amount of cash from the money markets for a second week through bill sales, reinforcing expectations that open market operations may replace a rise in banks’ reserve requirements in the
      Reuters  -  401 words
    • 451 19 Bloomberg [SINAGAPORE] China has overtaken India as the global epicentre of the diabetes epidemic after a study showed twice as many Chinese are afflicted with the disease as previously estimated. Type-2 diabetes, mostly caused by a high-calorie diet and sedentary lifestyle, afflicts 92.4
      Bloomberg  -  451 words
    • 721 20 Changing exchange rate won’t fix trade gap and could upset recovery: minister Reuters [WASHINGTON] A Chinese official said on Wednesday that China would reform its currency policy gradually and keep the exchange rate stable, rejecting mounting US calls to allow the
      Reuters  -  721 words
    • 907 20 AFP AP [BEIJING] China’s second largest mobile phone operator will remove Google’s search function from new handsets in response to the US Internet giant’s tussle with Beijing, the Financial Times reported yesterday. The reported move by China Unicom comes as other Chinese companies appear
      AFP; AP  -  907 words
  • Page 18 Advertisements
    • 4210 18 Toll free: 1800-289-8822 Email: notices@sph.com.sg sembcorp (2) (3) (2) (3) (4) SEMBCORP INDUSTRIES LTD Co Regn No. *****2418D (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of Sembcorp Industries Ltd (the "Company") will be held at The Auditorium,
      4,210 words

  • Page 19 Advertisements
    • 210 19 Centennia suites FREEHOLD > ni 1 N a .■V "«S A m •Ml njfwl I m m '1 S! J wm '-.i> m -Ma 4 'M ,v^. ./>K Lit TANGS THE PLAZA PARAGON ORCHARD ROAD S ORCHARD NGEE MERITUS ra SOMERSET MRT ANN MANDARIN "MRT SDHOBY GHAUT MRT Experience a
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  • Page 20 Advertisements
    • 273 20 WINE DINE AND HOSPITALITY EASTER EGG-CITEMENT AT PAN PACIFIC SINGAPORE Celebrate with all-you-can-eat Easter Sunday presentations. Barbecue Brunch at Brunch $6S per person (with unlimited soda) $85 per person (with unlimited housepour wines, beer and soda) Easter Lunch at Global Kitchen $98++ per person (food only) 1 58 per person
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  • INDIA
    • 793 21 Size of private ports springing up drives suppliers to revise their projections Reuters [NEW DELHI] The speed with which large, private, fully-mechanised ports are springing up in India is making coal producers and traders think again. Suppliers had until recently doubted India
      Reuters; REUTERS  -  793 words
    • 651 21 AFP [NEW DELHI] Universities around the world are poised to establish outpost colleges in India as the government pushes ahead with plans to open up the country’s education system. Prime Minister Manmohan Singh’s Cabinet has given the green light to the proposals, which will
      AFP  -  651 words
  • Page 21 Advertisements
    • 309 21 Heartfelt Thanks To All Samwoh Eco-Green Park 51 Kranji Crescent Singapore *****1 SAMWOH ECO-GREEN PARK OFFICIAL OPENING 7~ M Guest-of-Honour 7 Ms Grace Fu Senior Minister of State for National Development and Fducation r *WW\ t «5 V# r From left to right: Mr Eric Soh (Director, Samwoh), Mr Joseph
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  • ASIA-PACIFIC/WORLD
    • 808 22 Plan offers creditors full repayment on outstanding loans over 5 to 8 years AP [DUBAI] Dubai’s government will pump up to US$9.5 billion into Dubai World as part of a longawaited restructuring plan to rescue its chief conglomerate from a crippling
      AP  -  808 words
    • 508 22 CFTC gathers views on speculation curbs as the metal rallies AP [WASHINGTON] Federal regulators in the US are weighing whether to restrict the volume of speculative trading in metals futures, as gold prices have surged in an investor fever. The Commodity Futures
      AP  -  508 words
    • 475 22 Reuters AFP [TOKYO] Toyota Motor Corp is studying plans to reorganise its domestic manufacturing operations to consolidate production of similar vehicles regardless of brands across its group companies, the company said yesterday. Toyota currently produces a single model at different factories in some cases.
      Reuters; AFP  -  475 words
    • 548 22 Bloomberg [TOKYO] Japan’s public pension fund, the world’s largest, plans to cut the number of money management firms it uses to simplify operations and adopt new benchmark indexes to reduce market impact and lower trading costs. The Government Pension Investment Fund (GPIF), which oversees
      Bloomberg  -  548 words
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    • 77 22 SS TIMES "Some... necessities lead -to„ luxuries'' s Pore forward- »is tff I m. 1 A ij i! 11 m p RHEIDSIfC' 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
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  • WORLD
    • 505 23 Prosecutors say he and a trader gained from trades on tips about 6 acquisitions Reuters [NEW YORK] Using coded email messages referring to securities and money as “frequent flyer miles” and “potatoes,” a high-ranking UBS investment banker and a trader made US$870,000
      Reuters; REUTERS  -  505 words
    • 446 23 Bloomberg [NEW YORK] The US Treasury intends to unload its 27 per cent stake in bailed-out bank Citigroup using a preset trading plan that will lock the government into a schedule for selling its shares, sources said. The plan,
      Bloomberg  -  446 words
    • 457 23 Reuters AP [WASHINGTON] A package of final changes to a landmark healthcare reform law must be approved again by the US House of Representatives after the Senate parliamentarian eliminated two minor provisions on Thursday. Senate Parliamentarian Alan Frumin upheld two Republican challenges under
      Reuters; AP  -  457 words
    • 739 24 Declining volatility is making it cheap for investors to take a position with index put options [NEW YORK] The US stock market may be sitting near 18-month highs, and volatility has declined sharply, but that doesn’t mean investors aren’t worried about a
      739 words
    • 102 24 [LONDON] British actress Emma Thompson kept a pig on a leash as she arrived for the world premiere of her latest film, 'Nanny McPhee The Big Bang', in London's Leicester Square on Wednesday night. Co-star Maggie Gyllenhaal and Welsh actor Rhys Ifans were
      AP  -  102 words
    • 375 24 It will require 6 to 9 billion euros in further govt funding Reuters [DUBLIN] Nationalised Anglo Irish Bank will need between six billion and nine billion euros (S$17 billion) in further state investment to remain afloat, chief executive Mike Aynsley told
      Reuters  -  375 words
    • 680 25 Govt plans further public spending to keep the economy on recovery path NYT [LONDON] Britain operates one of the largest welfare states in Europe. And that, it seems, is just fine with many of the British. Despite the worst recession since World
      NYT; BLOOMBERG  -  680 words
    • 330 26 AP [WASHINGTON] The US and Russia reached a breakthrough agreement on Wednesday for a historic treaty to reduce the nuclear arsenals of the former Cold War rivals, the most significant pact in a generation and an important milestone in
      AP  -  330 words
    • 532 26 Recession hastens slide to insolvency which is not expected till 2016 NYT [NEW YORK] The bursting of the real estate bubble and the ensuing recession have hammered jobs, home prices and now Social Security. This year, the system will pay out more in benefits
      NYT  -  532 words
    • 99 26 AFP [LONDON] A gaggle of adoring teenage fans shamelessly pawing the waxwork of British actor Robert Pattinson as it was unveiled at Madame Tussauds in London yesterday. The eerily-lifelike model, which sports Pattinson's trademark tousled hair and stubble, looks set to become the museum's ‘most
      AFP  -  99 words
    • 581 26 Big firms buy space on Ipad apps from major publications NYT [NEW YORK] Advertisers initially approached new media as if they were going duck hunting, tiptoeing cautiously into the waters of mobile phones and the Internet. With the iPad, it’s big-game season. Getting
      NYT  -  581 words
    • 519 26 Taxes on retiree drug benefit subsidy eat into earnings Bloomberg [NEW YORK] Caterpillar Inc lobbied to keep the US from taxing a subsidy on retiree drug benefits. It lost the battle when President Barack Obama signed an almost US$1 trillion healthcare overhaul
      Bloomberg  -  519 words
    • 445 26 Reuters [SAN FRANCISCO] California’s economy will not be damaged by the state’s 2006 climate change law and some sectors could thrive, a state agency said in a report on Wednesday that counters fears in the business community that the measure will kill
      Reuters  -  445 words
  • Page 23 Advertisements
    • 110 23 Con^TatuCatf^n ot> Printer SENG LEE Pr< ns Press P System In Asia* -3' For The i II Outside Of S. Kore RAISING THE BARS ON PRINT QUALITY ENHANCES BUSINESS COMPETITIVE ADVANTAGE UNPARALLELED PRECISION RELIABILITY A MARK OF DISTINCTION LEADING THE FUTURE OF CTP FULLY ROBOTIC UNMANNED OPERATION H 1 r
      110 words

  • Page 24 Advertisements
    • 3165 24 BEATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES TSIT WING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tsit Wing International Holdings Limited ("the Company") will be held at Magnolia 1 Room, Grand Hyatt Singapore,
      3,165 words

  • Page 25 Advertisements
    • 3248 25 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 3 M li Slli ZHENYUN PLASTICS INDUSTRY FUJIAN ZHENYUN PLASTICS INDUSTRY CO., LTD (Incorporated in the People's Republic of China) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Riverview Hotel's
      3,248 words

  • Page 26 Advertisements
    • 148 26 April issue out now! Is Price-to-Book the best predictor of future share price performance? We hunt for select stocks among those trading below book value SIA erases red ink as profitability returned in Q3 Deciphering Warren Buffet's train of thought on his US$44 billion investment Tell tale signs of stocks
      148 words

  • Page 27 Advertisements
    • 11 27 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words
    • 2273 27 GK G O H G. K. GOH HOLDINGS LIMITED (Company Registration No.*****0184D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-first Annual General Meeting of G. K. Goh Holdings Limited ("the Company") will be held at Cinnamon Room, Novotel Singapore Clarke
      2,273 words

  • FOCUS: FINANCIAL REFORMER
    • 1564 28 The consumer protection agency she thought up is almost a reality now. But will she head it? NYT [WASHINGTON] ASKElizabethWarren,scourge of Wall Street bankers, how they treat consumers, and her no-nonsense bob will shake with indignation. She will talk about morality, about fairness,
      NYT; AFP  -  1,564 words
  • Page 28 Advertisements
    • 2010 28 WATS 3 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF NEW CITY ASIA FUND MANAGEMENT PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****2040C) NOTICE OF RESOLUTION MEMBER'S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 60 OF THE ARTICLES OF ASSOCIATION OF NEW
      2,010 words

  • AVIATION/SHIPPING
    • 623 29 Negotiation could settle the world’s largest and costliest trade spat Reuters [GENEVA] A new trade row is looming over the next generation of Airbus jets a day after European aid was ruled illegal, but the world’s largest and costliest trade spat seems destined
      Reuters; AFP  -  623 words
    • 348 29 Carrier looking at debt financing to fund fleet renewal Reuters [SANTIAGO] Malaysia Airlines is targeting a profit of RM100-3 00 million (S$42-127 million) this year, which would mark an improvement in operating terms from 2009, CEO Tengku Azmil Aziz said on Wednesday. Mr
      Reuters  -  348 words
    • 285 29 Bloomberg [TAIPEI] China Airlines Ltd, Taiwan’s largest carrier, made its biggest quarterly profit in five years because of an economic rebound and the addition of more flights to the mainland. The carrier had a net income of NT$1.18 billion (S$52.1 million) in the three
      Bloomberg  -  285 words
    • 736 29 AP [NAIROBI] In the first killing of its kind, private security contractors shot dead a Somali pirate in a clash that left two skiffs riddled with bullet holes, officials said on Wednesday. The killing raises questions over who has jurisdiction
      AP; AFP  -  736 words
    • 281 29 SGX '000 Mar 25 S$ +/-Vol CH Offshore 0.66 0.01 1707 Chuan Hup Hldgs 0.29 -0.01 247 Cosco Corp 1.24 unch 3458 CWT Ltd 1.08 0.01 1565 Ezra Hldgs 2.34 -0.04 3731 First Ship Lease 0.61 0.01 2541 Freight Links 0.05 unch 92 Grand Banks 0.41 -0.01 2
      281 words
    • 2997 29 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 --LH9770 2350 SQ269 2350 VS7269 2350 Amsterdam LO4031 0610 AZ3993 2250 SQ323 0610 KL838 2250 US5410 0610 LO4032
      2,997 words

  • EDITORIAL & OPINION
    • 466 30 EDITORIAL RECENT Indonesian gas supply hitches ranging from buckling in a section of the Sumatra-Singapore submarine gas pipeline, to a toxic mercury scare, to the latest shortfall in Natuna gas supply due to maintenance work at the gasfield only reinforce the critical need
      466 words
    • 1038 30  -  It’s bitter medicine but it has to be taken and the doctor here is (gasp!) a socialist too By KLAUS F ZIMMERMANN The writer is director of the Institute for the Study of Labour (IZA) in Bonn and president of the German Institute for
      AFP  -  1,038 words
    • 821 30  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg “YOU want to donate blood?” One gets many head-turn-ing offers walking the streets of Bangkok pirated DVDs, colourful bars, gems, sex, you name
      Bloomberg  -  821 words
    • 1254 31  -  He is ready to press for immediate legislation to reform the financial sector while resisting Republican pressure LEON HADAR Washington Correspondent IN THE aftermath of their impressive legislative victory in getting the healthcare reform Bill approved in Congress over the weekend, US President
      AP  -  1,254 words
    • LETTERS TO THE EDITOR
      • 706 31  -  Sovann Giang Executive director Singapore Institute of Directors RECENT opinions have been expressed in the press that some listed companies are more concerned about corporate governance compliance in form rather than substance that is, just tick the boxes. Is this due to their
        YEN MENG JIIN  -  706 words
      • 208 31  -  Donald Keith Deputy CEO, FTSE group Greg Seow Chairman, FTSE ST Index Advisory Committee YOUR Hock Lock Siew column, “The curious case of Jardine the STI” (BT, March 15), queried the inclusion of Jardine constituents in the Straits Times Index (STI). An understanding
        208 words


  • SINGAPORE STOCKS
    • 8931 32 Transaction date: Mar 25 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 3.5 3148 8Telecom 17.5 +1 921 17.5 17 17 17.5 1.7 10.3 5.6 83.8 10 3 5834
      8,931 words
    • 1715 33 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 6 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1
      1,715 words
    • 9370 33 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.24/ APS Alpha Fund (USD)!** 0.88/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.69/ Aberdeen Asset Mgt Asia Limited American Opp 0.6771/ Asian Credit Fund 1.2464/ Asian
      9,370 words
    • 2 33
      2 words
    • 563 33 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 109.1 112 499.8 863 479 CIMBAsean40 100US$ US857cd +3 1 857 857 860 865 34.3 298
      563 words
    • 259 33 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 $mil 56 26 6000 AVJennings A47 unch 13 47 46 47.5 49.5 3.6 7.4 3.8 122.4 31 7.5 6017 Genting HK US$ US22.5 -0.5 1683
      259 words


  • FINANCE & COMMODITIES
    • 365 34 In local curr In S$ In US$ dy yr dy yr dy yr Mar 24 Index Change Change Change Change Change Change World Index Preliminary 864.7 0.0 3.9 -0.3 2.2 -0.7 2.1 EAFE Preliminary 806.6 0.1 2.8 -0.8 -1.2 -1.2 -1.3 Europe Preliminary 1153.7 0.0
      365 words
    • 186 34 Mar 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 342.0 340.0 340.0 20 740 May 10 335.0 652 Jun 10 332.0 60 800 Jul 10 330.0 420 Aug 10 323.0 322.3 324.0 60 290 Sep 10
      186 words
    • 95 34 Mar 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24.06.2010 0.35 0.30 0.30 1-Year BY*****N 01.11.2010 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.12 104.20 104.13 5-Year N*****0N 1.375 01.10.2014 100.29
      95 words
    • 105 34 Mar 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 960.00 968.00 967.75 953.25 Jul 10 967.50 975.50 975.00 960.50 Aug 10 961.50 970.50 967.25 956.50 Sep 10 941.75 951.25 947.00 937.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.08 39.54 39.53
      105 words
    • 77 34 CRUDE OIL PRODUCTS Mar 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.64 -1.28 WTI (Near Mth) 80.46 -1.16 Dubai (1-Mth F) 77.47 -1.04 Tapis blend 81.90 -1.25 Minas 81.10 -1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 78.89 -0.55 Jet Kerosene 87.45 -0.10 US$/barrel Opec Oil
      77 words
    • 132 34 Mar 25 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2700 1.3080 Can dollar 1.3650 1.3820 Euro 1.8640 1.8860 NZ dollar 0.9810 1.0020 Sterling pound 2.0840 2.1080 US dollar 1.3980 1.4140 Local dollars to 100 units of foreign
      132 words
    • 29 34 Mar 25 Open High Sett STI Mar 2889 2889 2888 SIMSCI Mar 342.7 344.7 343.7 Taiwan Mar 278.9 280.7 278.9 Source: MF Global (S) Pte. Ltd
      29 words
    • 66 34 Mar 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2611 2634 2630 2605 176 5974 May 10 2565 2599 2599 2565 1123 ***** Jun 10 2556 2575 2579 2551 7328 ***** Jul 10 2538 2558
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    • 368 34 Mar 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6150 0 4412 Sep10 99.4150 0 2003 Dec10 99.1100 0 2896 Mar11 98.7600 0 4758 EUROYEN TIBOR FUTURES Jun10 99.6050 99.6050 99.6000 99.6000 9 4763 Sep10 99.6150 99.6150 99.6150 99.6150 48 4025 Dec10 99.6150 99.6150 99.6150
      368 words
    • 181 34 Mar 25 Bid $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 3/16 US$ Offer Bid 7 days 0.33 0.23 1 month 0.35 0.25 2 months 0.36 0.26 3 months 0.37 0.27 6 months 0.52 0.42 9 months 0.90 0.60
      181 words
    • 22 34 Mar 25 S$ Bid Offer 1-month 1.4065 1.4078 2-months 1.4067 1.4080 3-months 1.4068 1.4082 6-months 1.4075 1.4089 Source: OCBC
      22 words
    • 466 34 Mar 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 6.223 0.684 7.074 41.535 83.252 0.838 10.412 3.027 1.293 76.189 41.548 1.282 6.727 0.976 29.040 29.523 0.611 0.911 Canada 1.074 6.682
      466 words
    • 85 34 Mar 25 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 34 Mar 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2813 1.2832 0.9111 0.9116 Canadian dollar 1.3758 1.3777 0.9783 0.9788 Euro 1.8732 1.8752 1.3320 1.3322 NZ dollar 0.9912 0.9924 0.7048 0.7050 Sterling pound 2.0976 2.0999 1.4916 1.4918
      154 words
    • 141 34 Mar 25 GOLD (US$/oz) Mar 25 Mar 24 Hong Kong 1092.60 1097.80 Mar 24 Mar 23 London 1091.20 1107.35 1092.00 1108.15 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Mar 25 (S$) Selling Buying Kilobar 52,915.78 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118.77 49 5gm 337.05
      141 words
    • 71 34 Mar 24 Mar 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2189.00 2224.75 3 months 2222.00 2258.00 Copper, Grade A (US$/tonne) Cash 7333.75 7402.25 3 months 7371.00 7440.00 Lead (US$/tonne) Cash 1996.75 2074.75 3 months 2026.00 2104.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 77 34 Mar 24 COCOA (£/tonne) Close Prev High/Low May 10 2201 2218 2215/2172 Jul 10 2212 2227 2225/2182 Sep 10 2172 2184 2179/2138 Dec 10 2145 2158 2150/2117 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1255 unch 1261/1261 May 10 1287 unch 1292/1279 Jul 10 1321 1320 1324/1313 SUGAR (US
      77 words
    • 2524 34 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 Strat W*****6 2.5 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 2 1 4 20 2.50 23 2036 Advance SCT Ltd W*****9 0.5 1 87 2400 7.00
      2,524 words

  • 6484 35 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.
    6,484 words
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  • Page 36 Advertisements
    • 29 36 adv Legal required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      29 words

  • Page 37 Advertisements
    • 2945 37 HATS NOTICES IT Toll free: 1800-289-8822 Email: notices@sph.com.sg Scotiabank THE BANK OF NOVA SCOTIA (Incorporated in Canada with Limited Liability) Note: All figures quoted in Canadian dollars (millions) except per share amounts CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME As at October 31 Assets Cash resources Cash and non-interest-bearing deposits
      2,945 words

  • executive lifestyle
    • 1374 38  -  Retirement living accommodation must offer privacy, dignity and happiness and must not be a care factory. AUDREY PHOON reports AUDREY PHOON THE silver industry is gold right now, with Singapore’s baby boomers on the cusp of retirement age. In a decade’s time, about 20 per
      1,374 words
    • CINEMA
      • 740 39  -  Diary of a Wimpy Kid charts all the miseries of being an adolescent, and gets a decent grade thanks mainly to a chubby but charming character, says CLARISSA CLARISSA TAN DIDN’T we all hate those years, when we were 11 and 12? When we had to
        740 words
      • 444 39  -  DVD REVIEW By CHRISTOPHER LIM ANYONE who has watched Ashton Kutcher’s slapstick comedy Dude, Where’s My Car? or MTV’s prank series Punk’d will understand why he’s having a hard time being taken seriously as an actor. Personal Effects, however, proves conclusively that Kutcher has
        444 words
      • 602 39  -  By GEOFFREY EU COMEDY and classical music make an odd cinematic couple in The Concert, which takes a creative approach to the theme of repression, while juggling an unlikely plot with cultural commentary, outright silliness and a sense that something more serious is at stake. It’s
        602 words
      • 574 39  -  By GEOFFREY EU WHIP It is about neither food nor cooking, but it is a half-baked coming-of-age tale about girl power and a contact sport roller-derby that still enjoys popularity among blue-collar Americans. Despite a by-the-num-bers approach and a lame storyline, first-time director Drew Barrymore generates
        BLOOMBERG  -  574 words
    • FESTIVALS AROUND THE WORLD
      • 1149 40  -  One of the largest outdoor city festivals in Australia, Moomba brings people together to have fun, writes ONG SUAN EE ONG SUAN EE The writer is a recent graduate of the University of Melbourne MELBOURNE is a city of many adjectives: it is beautiful, fickle, quirky, temperamental,
        PHOTOS BY BRANDON EU  -  1,149 words
    • MUSIC/ARTS
      • 692 41  -  Imogen Heap talks music before her debut here, reports CHRISTOPHER LIM CHRISTOPHER LIM ONE might expect an album crowned with a Grammy award for Best Engineered Album (Non-Classical) to have been crafted by a team of specialised engineers, but Ellipse was entirely recorded by Imogen
        JEREMY COWART  -  692 words
      • 580 41  -  CD REVIEW By CHRISTOPHER LIM WHEN composer Andrew Lloyd Webber made fans wait 14 years for a sequel to his Phantom Of The Opera musical, he put himself in the same position film-maker George Lucas did when Lucas made Star Wars fans wait 16
        580 words
      • 577 41  -  By SANGEETHA MADHAVAN TWENTY five years is about time for reflection, and when local theatre company TheatreWorks reflected on their quar-ter-of-a-century existence, it was about the people who made the company’s work possible. “Moments may come and go, but it is about the friendships we
        577 words
      • 325 41  -  By MELISSA QUEK IT has been claimed that the 1930s was the heyday of the female choreographer, while contemporary dance in the new millennium has largely been dominated by male choreographers. Frontier Danceland’s recent 1 Dance, 3 Mutations (D1M3), featuring Albert Tiong, Mohamad Sufri Juwahir
        325 words
    • ARTS
      • 821 42  -  The concept initially took off as a response to the Western symphony orchestra. It developed with the help of researchers, musicologists and folk musicians, writes SAMUEL WONG SHENGMIAO CHINESE ORCHESTRA SAMUEL WONG SHENGMIAO The writer is the artistic director of The Teng Company, a lecturer and the
        821 words
      • 489 42  -  By MELISSA QUEK HAVING decided to tackle the National University of Singapore Arts Festival’s prescribed theme of an Asian perspective by looking at what it means to be a contemporary Asian, the Emerging Choreographers of T.H.E Dance Company Foo Yun Ying, Lee Ren Xin and Lee
        489 words
    • WINE/ARTS
      • 1131 43  - Henri Jayer a legendary name The finest wine maker of his time, his wines command even greater respect than those of the Domaine Romanee Conti, says N K YONG N K YONG THE name Vosne-Romanee Premier Cru Cros Parantoux on a bottle may not be as famous or as widely-known
        1,131 words
      • 702 43  -  By MADHVI SU8RAHMANIAN COLLECTING art is an art form in itself. The choice of artworks, its relationship to the collector and the connection of one artwork to another in the collection all express the greater vision at play. The story of an artwork may end happily
        702 words
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    • 26 39 CORPORATE OFFICES PRIVATE RESIDENCES COMMERCIAL ESTABLISHMENTS SHOW FLATS CONSERVATION PROJECTS ARCHITECTURE AND INTERIOR 102 AMOY STREET SINGAPORE *****2 t 6222 3007 f 6224 3007 w www.sohodp.com
      26 words
  • Page 39 Miscellaneous
    • 295 39 CRYPTIC CROSSWORD Across 1 Speed leafstalk absorbs it (8) 5 Crustacean, one’s round shell (6) 10 Sign here, dunce (6,2,3,4) 11 Cases crack in toboggan (7) 12 Nearly everything in Czech Republic one put on pizza (7) 13 Payment for the cloth (7) 15 Lorraine’s pastry flan? (6) 19 Furious
      295 words

  • Page 40 Advertisements
    • 164 40 SOMERSET JADAF, DUBAI DEFINING BALANCED GLOBAL LIVING DAILY RATES STARTING FROM AED 590 Located in the heart of Dubai city, Somerset Jadaf offers spacious and elegantly furnished apartments complete with a full range of business support services and recreational facilities. Be it for business or pleasure, Somerset Jadaf is your
      164 words
    • 12 40 Brought to you by Ascott This series is brought to you by
      12 words

  • Page 41 Advertisements
    • 24 41 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

  • Page 42 Advertisements
    • 664 42 Not Only For Early Birds Lucky you, if you can wake up anytime you like, and breakfast whereveryou please! We'd choose Caffe Beviamo for their superb all-day breakfast service. It's easy to see why the Italian-influenced, Australian-style cafe is tops with families, professionals and 'not-so-early birds' like us: The cafe
      664 words

  • Page 43 Advertisements
    • 74 43 ITALIAN <£ SPANISH 27 2010 (Sat 10am-8pm) UP TO Over 200 Wines. Free Tasting of 25 wines. Free OFF Delivery for purchases above $800. Free Wine Storage for 3 months for purchases above $1500. Download our Sale List Order Form at www.crystalwines.com You can visit us to order or send
      74 words

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    • 144 44 OtA. SENTOSA COVE m.3^1 x. t clione fcg?*' ■«w i3 n: isa a J'TTl W >T =5? 3*" ---=r r~- <_• -3F •--> By the water's edge, fronting a charming marina, with the country's most exclusive golf courses at your backyard, Marina Collection is your lifestyle heaven. 124 exclusive, spacious
      144 words