The Business Times, 29 March 2010

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, March 29,2010
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  • 601 1  -  Negotiations an attempt to defuse growing tensions By LEE U-WEN [SINGAPORE] In a dramatic turnaround, Thai Prime Minister Abhisit Vejjajiva met anti-government protest leaders face-to-face yesterday in what has been described as the start of landmark talks aimed at defusing growing tensions in the
    REUTERS  -  601 words
  • 773 1  -  They are ramping up hiring in region as demand for wealth services grows By SIOW LI SEN [SINGAPORE] Whether they call it Premier, Priority, Privilege, Treasures or whatever as long as you have at least $200,000, the banks want you. Banks are reaping rich
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  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,906.28 -9.42 KL COMP 1,315.14 +18.54 NIKKEI 225 10,996.37 +171.65 HANG SENG 21,053.11 -317.71 SET INDEX 778.86 +4.27 JAKARTA COMP 2,813.08 +70.11
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  • Page 1 Advertisements
    • 141 1 HOCK LOCK SIEW Comeback kid HTL International PAGE 7 FOOD PLAYS Time to bite into them? PAGE 5 BizIT SingHealth to upgrade HR systems PAGE DINING OUT Spanish accents PAGE 24 V* 1 You never actually own a Patek Philipp You merely look after it for the next generation Annual
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  • TOP STORIES
    • 543 2 Banks count on mass affluent customers WHETHER they call it Premier, Priority, Privilege, Treasures or whatever as long as you have at least $200,000, the banks want you. Banks are reaping rich rewards from their so-called “mass affluent” customers, who comprise mainly business people, professionals and senior executives
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    • 902 2  -  4 new growth areas: green electronics, bioelectronics, plastics electronics, security By AMIT ROY CHOUDHURY [SINGAPORE] Singapore’s vital electronics sector is back in growth mode and companies are expected to make significant investments in manufacturing activities this year, according to the Singapore Economic
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    • 623 2  -  It sees potential in simple but essential goods and services By ANTHONY ROWLEY A REVIVED “Japan Inc” is gearing up for an assault on Asian and other emerging markets at two completely different ends of the business spectrum as Japan begins to shift its
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    • 655 3  -  It plans to move into oil, carbon trading, energy meters and biomass after LNG By RONNIE LIM [SINGAPORE] A relative latecomer to Singapore’s oil/gas refining and trading hub, Russia’s Gazprom, the world’s largest gas producer, is already off to a flying start.
      BLOOMBERG  -  655 words
    • 594 3  -  Speed of building, lower costs will impact productivity if they are factored in calculations By ARTHUR SIM [SINGAPORE] Going by the recent productivity figures, Singapore’s construction sector looks like it has dug itself a deep hole. Apparently, the sector is unproductive largely because it hires
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  • Page 2 Advertisements
    • 249 2 Congratulations to the Graduates of SID-SMU Executive Certificate in Directorship Programme The event marks the graduation of 28 professionals and senior executives who have successfully completed the Executive Certificate in Directorship Programme conducted by Singapore Institute of Directors (SID) and Singapore Management University (SMU). The partnership between SID-SMU was established
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  • SINGAPORE MARKETS
    • 717 4  -  STOCKS R SIVANITHY Senior Correspondent LAST week’s column said that Wall Street should grind higher because trading US stocks is essentially a riskless proposition, given that the US Federal Reserve and Treasury have guaranteed everyone that they’ll print and give money to those that
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    • 417 4 COMMODITY WATCH AFP [LONDON] Commodities mainly fell last week as traders digested an EU plan to tackle the Greek debt crisis, alongside news of moderately weaker economic growth in the United States, a key consumer. European leaders agreed in Brussels last Friday to
      AFP  -  417 words
    • 590 4 CURRENCIES Bloomberg [BANGKOK] Asian currencies declined last week, led by the Singapore dollar and South Korean won, as discord among leaders in European nations on how to solve Greece’s debt woes curbed investor appetite for emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index pared the
      Bloomberg  -  590 words
    • 112 4 BY CENTS CLOSE UP Jardine C&C 2920 194.0 7.1 STXPO 100 1656 156.0 10.4 Great Eastern 1520 74.0 5.1 OCC 3.93% NCPS10 8690 66.0 0.8 HL Asia 484 59.0 13.9 DBXT MSAsExJp 10US$ 2800 53.4 1.4 DBS Grp 1460 48.0 3.4 DBXT MSKorea 10US$ 4801 43.5 0.6 Parkway Hldgs
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    • 119 4 BY CENTS CLOSE DOWN GLD 10US$ *****-280.9 -1.8 DBXT FTVietnam 10US$ 4376-203.6 -3.2 DBXT FTChina25 10US$ 2869-143.2 -3.4 JMH 3420-112.4 -2.3 DBXT Nifty 10US$ ***** -99.7 -0.6 DBXT MSBrazil 10US$ 667 -47.8 -4.9 DBXT S&P Short 10US$ 5113 -32.3 -0.4 CityDev.ES.1003 1066 -30.0 -2.7 STI 2900 DBePW*****1 10 -27.0
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    • 1465 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 Prop Ltd 2.00 2.00 11 11.71 10.33 1.46 1.22 ARA Asset Mgt Ltd 1.67 2.00 3 7.70 14.81 1.27 1.15 Armstrong Ind Corp Ltd 1.00 1.00
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    • 66 4 Mar 26 VALUE CLOSE BT OB/OS 234.00 +68.00 BT CADI -*****.00 +116.0 BT 10-day MA -*****.00 +24.00 FTSE ST Mid Cap 701.08 +6.81 FTSE ST Small Cap 560.65 +4.38 FTSE ST All Share 717.83 +4.89 FTSE ST China Top 281.09 +1.97 FTSE ST China 300.00 +3.15 FTSE
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    • 4 4 WEEKLY
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    • 59 4 VOLUME Golden Agri 327,467,000 Genting SP 309,027,000 Noble Grp 203,500,000 Z-Obee Hldgs 200,245,000 Centillion 188,484,000 Abterra 178,352,000 Eastgate Tech 176,877,000 Ban Joo 146,991,000 GMG Global 118,442,000 Healthway 113,610,000 VALUE($) Noble Grp 642,327,045 Genting SP 286,725,660 DBS Grp 284,982,470 Wilmar 258,744,374 CapitaLand 243,889,338 UOB 228,897,208 Golden Agri 182,167,625
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    • 87 4 Where S$ stands Mar 26 CHNG YR 2010 CLOSE FR Mar 25 S$ LOW S$ HIGH US$ 1.4046 0.06 1.4219 1.3953 Euro 1.8769 -0.09 2.0153 1.8753 Pounds 2.0845 0.88 2.2776 2.0845@ A$ 1.2725 0.79 1.2923 1.2276 Yen* 1.5175 0.73 1.5927 1.5027 Rupiah* 0.***** -0.05 0.0154# 0.***** Baht* 4.3332 0.12
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  • Page 4 Advertisements

  • COMPANY NEWS
    • 727 5  -  Analysts handpick Dairy Farm, China Minzhong, China XLX, Allianz RCM CORPORATE FOCUS By ARTHUR ARTHUR SIM FOOD plays stand to benefit from rising inflation and higher demand, so the time might be right to take a bite. A recent Citigroup report said that in an inflationary
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    • 98 5 A CITIGROUP report has highlighted price increases in staples with rice up about 23 per cent year-on-year in January. Wheat was up 11 per cent and the corn price was up 17 per cent in the same period. Sugar prices showed the strongest upward
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    • 495 5  -  By ARTHUR ARTHUR SIM EVEN the threat of the biggest asset bubble bursting will not cause the same kind of panic that soaring food prices can do. And the indications are that they are on their way up. Many will remember how governments in Asia reacted
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    • 58 5 Branchen Stars R1C-A 22/03/10 129,94 EUR I db X-MACRO Trading Index Fund I4D 18/03/10 99,98 GBP DB Platinum II FX Select Guaranteed Fund R1D 22/03/10 99,85 USD DB Platinum IV Balanced Currency Harvest Euro 11C 19/03/10 100,70 EUR Booster Capital Guaranteed Fund SGD R1D 18/03/10 9,63 SGD Double
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    • 911 7  -  HOCK LOCK SIEW By VEN SREENIVASAN EVERY once in a while, there comes a company which helps restore investors’ faith in a market weighed down by earnings disappointments, corporate scandals and distracting controversies. HTL International appears to be just such a company. About three weeks ago,
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    • 409 7 Mar 26 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
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    • 363 7 COMPANY MEETING PLACE DATE TIME Falcon Energy E Level 1 Exhibition Hall, 7 Shenton Way, Singapore Conference Hall, Singapore *****0 29-Mar 10.00am Roxy-Pacific A Roxy Room 1 2, 4th Floor Grand Mercure Roxy Hotel, Marine Parade Road, Roxy Square, Singapore *****9 31-Mar 10.00am CMZ Hldgs E 168 Robinson
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  • Page 5 Advertisements
    • 290 5 Accounting Blues? Accounting backlogs 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 sK^?, sssS* COW? Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg rJ L- FIND THE ONES -J THAT FIT! 1
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  • SINGAPORE MARKETS
    • 1213 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTORS were active last week with 22 companies that recorded 47 purchases worth $32 million versus eight firms with 10 disposals worth $11.6 million based on filings on the
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    • 1473 6  -  TEH HOOI LING Senior Correspondent IT WAS a relatively quiet but firm week for small-cap stocks, with prices rising steadily. Five of our six portfolios advanced. The average gain was one per cent. In contrast, blue chips were subdued, with the Straits Times
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  • Page 7 Advertisements
    • 33 7 60,000 Hotels Worldwide Best Rates Instant confirmation www-luxury, com .sg Luxury Tours Travel Pte Ltd 100 Orchard Rd #02-46 Concorde Hotel Shopping Mall (S) *****0 Tel: 6733 2808 Fax: 6732 7928 Email: enquiries@luxury.com.sg
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    • 171 7 IG MARKETS get thinking FX/CFD trading igmarkets.com.sg Always guaranteed market prices, always PureDeal, now with DMA Discover PureDMA PureDeal with Direct Market Access Market depth access Trade inside the market spread Free to active clients Guaranteed market prices as always with IG Markets Find all you need to get started
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  • Page 8 Advertisements
    • 114 8 Here's a secret investment tip. Ynu want to invest in a top performer. No gimmicks, no cult personalities. Something refreshingly understated: so good, clients want to keep it a secret. Your investment should do just one thing: Deliver. Consistently. A rock solid track record, right at the top of its
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  • SINGAPORE NEWS
    • 1328 9 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 Allgreen Prop an 4.000 04-May 06-May 20-May ARA Asset Mgt ak 2.500
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    • 472 9  -  More Asian exports into China stay there without going to the advanced economies By TEH SHI NING ASIAN exports heading into China increasingly stay there instead of being shipped on to the advanced economies. This means that regional exports are becoming less dependent
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    • 149 9 ABOUT 2,500 United Overseas Bank (UOB) staff participated in the UOB Heartbeat Run/Walk yesterday, the bank’s annual corporate social responsibility (CSR) initiative to raise funds for its designated beneficiaries, AWWA School and Very Special Arts Singapore. The run/walk also took place
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  • Page 9 Advertisements
    • 55 9 CATS Recruit The first door to your world of opportunities CLA/AUG06/g changiairportgroup.com 1 The dawn of a new partnership connecting to East Malaysia. Singapore Changi Airport welcomes Transmile Air. •V. r~ iSS Transmile Air now provides air cargo services from Singapore to Kuching and Labuan, three times a week. XT
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  • VIEWS FROM THE TOP
    • 3544 10 THIS WEEK’S TOPIC Do the latest initiatives in IE Singapore’s new five-year plan cover the ground adequately? What more can be done? Charles Reed CEO DOCOMO interTouch IE Singapore has definitely hit the nail on the head by placing a significant emphasis on non-traditional markets; DOCOMO
      FILE PHOTO  -  3,544 words

  • Page 11 Advertisements
    • 145 11 •■m r J SINGAPORE HEALTH VAWARD Get ready to be recognised for excellence in workplace health. m.: 10th Anniversary 83 V.S V 3M -s £&Ssig§l 3t^ b, •i MSI' =<r K M 3S? KS -r' --v mi s£ •if: fF"<.<a fS£$ S« gfess^®? «~v" *Wi>g! V"v^C: V hS>» *s*v 3SEtfiS£>
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 867 12 While good at starting up businesses, they can be quite bad at mastering the capitalistic game SUCCESSFUl entrepreneurs are a rare breed because they face a myriad of obstacles. But one fundamental flaw in the system makes it even harder for entrepreneurs to realise their dreams.
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    • 1252 12  -  YSE 2010 equipped youths with the fundamentals of starting a social enterprise, writes TIMOTHY SEOW CAMPUS LIFE TIMOTHY SEOW ‘The mind of a businessman and the heart of a social worker.” That quote, describing social entrepreneurs, was a powerful takeaway for Fatin Bte Isa, 20, from
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  • Page 12 Advertisements
    • 45 12 THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • 894 13 Leaders disregarded bank’s warnings against including IMF in Greece rescue Reuters [FRANKFURT] The European Central Bank’s (ECB) volte-face on help for Greece shows the limits of its power in shaping economic policy in Europe. After months of talking tough about aid, the ECB has
      Reuters; AFP  -  894 words
    • 220 13 Reuters [NEW YORK] With the average price of a ticket to a big Broadway show US$80, Broadway, the “Street of Dreams”, is a good place to look for signs of renewed consumer confidence, says Nicholas Colas, chief market strategist at BNY ConvergEx Group in New
      Reuters  -  220 words
    • 863 14 2010 Market Performers DR Wong Kar King, the founder and managing director of Advanced Holdings Ltd, wants to grow his company into a billion dollar business. A tall order? Not really. SGX Mainboard-listed Advanced Holdings Ltd. is a specialist SME providing process equipment and technology to several
      863 words
    • 798 14 2010 Market Performers AS oil and gas prices rise in recent months, crude oil has gained the spotlight as a good commodity to invest in. Against this backdrop, two sectors of the oil and gas industry are surfacing as major drivers of growth:
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    • 815 15 2010 Market Performers LAST year, leading homegrown infrastructure and civil engineering company OKP Holdings bagged its biggest public sector deal ever: a S$ 119.3 million contract from the Land Transport Authority, to widen the CTE from the PIE to Braddell Interchange. A windfall
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    • 980 15 2010 Market Performers INCORPORATED in Singapore in 2005, Riverstone Holdings Limited is the SGX Mainboard-listed holding company of the Malaysia-based Riverstone Group, which manufactures cleanroom gloves in its facilities around the region. Cleanroom gloves are exactly what they sound like: gloves which are used in
      980 words
    • 946 16 2010 Market Performers 2009 was a challenging year for the telecommunications industry. Between shrinking demand and reduced capital investment, almost every sector of the market contracted even as competition shot up. But now, according to TeleChoice International's president, Mr Andrew Loh, the worst appears
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    • 937 16 2010 Market Performers IN January this year, Thomson Medical Centre Limited (TMC) gained top position in the healthcare sector of the Customer Satisfaction Index for Singapore (CSISG).This and other accolades received by the hospital recognize TMC's effort toward delivering excellent service with good clinical
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  • Page 13 Advertisements
    • 33 13 www.omy.sg WSA3E The things remain but the people are gone To stage a comeback m'xmE Without further ado Bully others by flaunting one's power relations OL learn Chinese as you read omyweb novel
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    • 221 13 ECB VP happy with deal, Pg 21 Greece to launch bond issue this week, Pg 21 Other business phones look like ours. That's where the similarities end. tin ill Date Inbox 9:51 am i Carl Corbitt RE: Good news Richardson 9:47 am Updated: 2010 planning meeting lltlGareth Rice 9:43 am
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  • MALAYSIA
    • 791 17  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent IT WILL be a “moment of truth” of sorts for Malaysia when Prime Minister Najib Razak unveils the New Economic Model (NEM) tomorrow. The long-awaited new policy has, after all, been promised to be a game-changer
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    • 2079 17 VOL Mar 26 RM +/-(‘000) A M Realty 0.66 0.01 5 Abric Bhd 0.20 0.01 2 Advance Synergy 0.16 unch 599 Adventa Bhd 3.83 0.14 3506 Ae Multi Hldgs 0.77 unch 2474 Affin Holdings 2.88 0.05 1341 Ahmad Zaki Resou 0.93 0.04 427 Aic Corp 0.86 0.10 8980
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  • Page 17 Advertisements
    • 2788 17 [SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD Incorporated in the Republic of Singapore Company Registration. No. *****3293Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 16 th Annual General Meeting of the Company will be held at DBS Auditorium, 6 Shenton
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  • GREATER CHINA
    • 444 18 Banking regulator steps up efforts to prevent bad debt and asset bubbles Bloomberg [BEIJING] China’s banking regulator ordered lenders to take more care when making real-estate loans, widening efforts to prevent property speculators from causing asset bubbles and bad debt. Banks should not
      Bloomberg  -  444 words
    • 336 18 Bloomberg [BEIJING] China Construction Bank said it was expecting relatively modest loan growth of 17 per cent this year after its quarterly profit almost tripled, thanks to a lending binge. The strong quarterly earnings at CCB, China’s second-largest lender by market capitalisation, comes after
      Bloomberg  -  336 words
    • 64 18 [HONG KONG] Fans of the film ‘Avatar’ painted in blue enjoying the fun at the Hong Kong Sevens rugby tournament here yesterday. Organisers hope the world-renowned Hong Kong Sevens, where packed crowds of 40,000 cheer on 24 teams over three days of rugby, will reinforce interest in
      AFP  -  64 words
    • 561 18 Bloomberg [STOCKHOLM] China’s Zhejiang Geely Holding Co yesterday agreed to buy Volvo Cars from Ford Motor Co for US$1.8 billion in the biggest overseas acquisition by a Chinese automaker. The deal will close in the third quarter, after which Ford and Volvo
      Bloomberg  -  561 words
    • 382 18 US pressure on yuan valuation may lead to standoff: Roubini Bloomberg [FRANKFURT] Nouriel Roubini, the New York University economist who predicted the financial crisis, said US lawmakers may spark a trade war by labelling China as a “currency manipulator”. “With unemployment
      Bloomberg  -  382 words
  • Page 18 Advertisements
    • 1186 18 [SATS BUY IT-SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg w V VICOM LTD A member of COMFORIDELGRO (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****0320K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Ninth Annual General Meeting of the Company will be
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    • 157 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF XIN VENTURE PTE. LTD. (In Members' Voluntary Liquidation) (Company Registration No: *****0016E) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the
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  • INDIA
    • 672 19 Strong economic growth driving stock rebound: Prudential strategist Bloomberg [MUMBAI] India’s stocks will withstand the withdrawal of stimulus measures and extend last year’s rally, the biggest in 18 years, as domestic spending strengthens, said Prudential Financial Inc. “This will not kill the rally,” John
      Bloomberg; PHOTO: REUTERS  -  672 words
    • 265 19 AFP [KUALA LUMPUR] Malaysia and India are on target to sign a free-trade agreement by year end, Malaysia’s trade ministry said as officials readied for a third round of talks. “Malaysia and India are on track towards formalising a bilateral trade
      AFP  -  265 words
    • 165 19 Reuters [MUMBAI] Infrastructure bonds in India can be issued by certain banks and financial institutions, but not by private companies, the finance secretary said last Friday. “I think there is a certain amount of misunderstanding,” Ashok Chawla told reporters after a meeting between government
      Reuters  -  165 words
  • Page 19 Advertisements
    • 516 19 INITIAL PUBLIC OFFERING ■n STRUCTURES THAT SHAPE THE FUTURE \-f m ITi Li S^asc -^x RIBe HOty IPO Clos 30 M es 5? 5070 at '2.00 iOo n TTJ TTJ HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 28 August 1992) (Company Registration No. *****4617M) TTJ Holdings Limited is
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  • ASIA-PACIFIC
    • 424 20 Financial sector will still take unhealthy cut of society’s cream of talent pool AFP [WASHINGTON] Cracking down on sky-high executive pay at Western banks does little to address growing social inequalities, and it doesn’t change a flush financial sector’s inexorable pull on the
      AFP  -  424 words
    • 712 20  -  But data may lead to round of selling, analysts caution WALL STREET INSIGHT By ANDREW MARKS AS perhaps the most anticipated jobs report since November looms this week, the Dow is steadily grinding its way towards 11,000, with the S&P 500 not far
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    • 221 20 AP [RABAT, Morocco] Rescue workers were scouring an artificial Moroccan lake on Saturday in search of the head of Abu Dhabi’s sovereign wealth fund the world’s largest wealth fund who went missing after his glider crashed. Morocco’s official MAP news agency said that Ahmed
      AP  -  221 words
    • 316 20 AFP [PARIS] One of Europe’s gastronomic jewels, the fabled black Perigord truffle, has been genetically unravelled, a feat that could doom fakers who pass off inferior truffles as the real thing, scientists said yesterday. The truffle, found mainly in France but also
      AFP  -  316 words
  • Page 20 Advertisements
    • 2096 20 BAKER Technology limited BAKER TECHNOLOGY LIMITED (Unique Entity Number *****0637D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Baker Technology Limited (the "Company") will be held at Nautica II, Level 2, Republic of Singapore Yacht Club, 52
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    • 183 20 April issue out now! H p 'i PEOPLE CWTs Loi Pok Yen: Aiming for world le Quek Peck Lim: On building a brand TOP STORY 3 BUYING THE UNLOVED STO( COMPANIES Value in Metro. Lion Asiapac, Singapore Re Raffles Education: Investing for the future Plus MediaRing. SIA and Yangzijiang outlet
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  • WORLD
    • 641 21 It could be difficult to remove liquidity from system, central bankers argue Reuters [WASHINGTON] The Federal Reserve’s unprecedented dose of stimulus to the economy during the recent financial crisis complicates the task of pulling back when the time is right, top central bank officials
      Reuters  -  641 words
    • 417 21 EUROZONE CRISIS AFP [ATHENS] Greece will launch a multi-billion euro bond issue this week, the Financial Times reported on Saturday, after a rescue deal by European Union leaders to help the country out of its debt crisis. Petros Christodoulou, the head of Greece’s public
      AFP; BLOOMBERG  -  417 words
    • 325 21 Reuters [NEW YORK] Lucas Papademos, vice-presi-dent of the European Central Bank, said on Saturday that the EU’s latest agreement on Greece should allay concerns about a sovereign debt crisis in Europe. Mr Papademos told Reuters that he was pleased by the outcome. “With regard
      Reuters  -  325 words
    • 861 22 His call to change to slick tyres spot on as pole sitter Vettel suffers brake failure FORMULA ONE Reuters [MELBOURNE] Formula One world champion Jenson Button timed his pitstop to perfection to chalk up his first win for McLaren in a rain-affected and
      Reuters; AFP  -  861 words
    • 602 22 Move could lighten govt burden in financial crises Reuters [BRUSSELS] The head of the European Union’s executive arm has pledged to ask world leaders to impose a special tax on banks to cover their wind-up costs in an emergency. Speaking after a meeting
      Reuters  -  602 words
  • Page 21 Advertisements
    • 36 21 Win T Baii&J&k r To )rta Log onto 1 1 si travel I ers.cjm the ultimate travel resource btj SPH for ST "Spring Sensations" travel supplement stories. Sponsored By: Garuda Indonesia Content Powered By: rednano sg
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    • 3023 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NSL LTD (formerly known as NATSTEEL Ltd) (Incorporated in the Republic of Singapore) Company Registration Number *****0107C Registered Office: 77 Robinson Road, #27-00 Robinson 77, Singapore *****6 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 50 th Annual General Meeting
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  • Page 22 Advertisements
    • 330 22 WINE DINE AND HOSPITALITY 4^ L IK IM IK. m RISTORANTE BOLOGNA ITALIAN FINE DINING... ...at Ristorante Bologna! Impress with style at Ristorante Bologna, which has been keeping patrons coming back for more than 20 years with its fine tradition of culinary excellence. Be it intimate cocktails, private parties or
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  • AVIATION/SHIPPING
    • 521 23 Robert Harding, his latest nominee for TSA chief, pulls out on Friday AP [WASHINGTON] President Barack Obama is back to square one again in finding a transportation security chief to shore up America’s defences against terrorist threats from the air, road and
      AP  -  521 words
    • 2849 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 Amsterdam LO4031 0605 LO4032 2345 SQ323 0605 SQ324 2345 US5410 0605 US5411 2345 AZ3992 1525 KL835 1525 Athens SQ348 0105 Auckland LH9761 0640 LH9760
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    • 695 23 AFP [LONDON] British Airways (BA) cabin crew entered the second day of a four-day strike yesterday, forcing cancellations and bringing disruption for travellers amid no sign of an end to the bitter dispute. The Unite trade union, which represents cabin crew, is staging its
      AFP; REUTERS  -  695 words
    • 413 23 AFP Reuters [NAIROBI] Somali pirates on Saturday abandoned a vessel they seized early this month without ransom or violence after it ran out of food, fuel and drinking water, an environmental organisation said. The nine sea bandits quit the ML Arzoo, a Co-moros-flagged vessel with
      AFP; Reuters  -  413 words
    • 136 23 Bloomberg [SYDNEY] Coal shipments from Australia’s Newcastle port, the world’s biggest export harbour for the fuel used in power stations, are expected to continue as protesters attempt to blockade the shipping channel. “Our focus is on maintaining port operations,” Keith Powell, a spokesman
      Bloomberg  -  136 words
  • Page 23 Miscellaneous
    • 319 23 CRYPTIC CROSSWORD Across 1 Bill producing problem around back of restaurant (6) 4 Being compliant, arranged one debit (8) 10 Cheesecake and seconds in special bistro unusually much appreciated (3-2) 11 Dreadful lawsuit lacking a purpose (9) 12 Deranged chap’s cycling helmet maybe (7) 13 Asian and Greek character invested
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  • DINING OUT
    • 814 24  -  NEW RESTAURANT My Little Spanish Place 619 Bukit Timah Road Tel: 9180-4730 www.mylittlespanishplace.com.sg By Geoffrey Eu THE culinary soul of any country is invariably found in small family-run eateries and nondescript corner bistros with long traditions of simple yet high-quality fare, where locals gather for no particular reason
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  • Page 24 Advertisements
    • 344 24 V Jfc SBtSl 1QBIN To advertise your Notices Call toll-free 1800 289 8822 or email notices@sph.com.sg WINE DINE AND HOSPITALITY m r a 1PV World f Gourmet Summit 1 to 30 April 2010 I 1 «V> With the return of World Gourmet Summit, Hua Ting Group Masterchef Chan Kwok and
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    • 56 24 Reach Serious Gourmets In This Targeted Space AmyChoo 6319 1559 9690 3432 Adeline Goh 6319 6127 9681 8289 Amy Leo 6319 2129 9730 7101 Lawrence Chang 6319 1650 9229 4919 Una Tan 6319 2045 9620 1355 AlisaTan 6319 1480 *****381 Jeffrey Nah 6319 2054 9623 2128 Alfred Lee 6319 2037
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  • SINGAPORE STOCKS
    • 9305 25 Week ended: Mar 26 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 18 +1 4506 18 16 17 18 1.7 10.1 5.8 86.2 10 3 5834 A-Sonic
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    • 2040 26 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 $mil 10 5 1181 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1
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    • 116 26 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 2.300 +0.010 CapitaLand 4.030 +0.090 CapitaMall 1.840 -0.010 CityDev 10.760 +0.040 ComfortDelGro 1.590 +0.020 DBS Grp 14.600 +0.160 F&N 4.660 +0.120 Genting SP 0.920 -0.005 Golden Agri 0.545 +0.005 HK Land 4.900 +0.080
      116 words
    • 2703 26 Transaction date: Mar 26 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Stores 13.1 0.1 14 Angang Steel 13.82 0.12 ***** Anhui Conch 49.75 0.7 2436 Anhuiexpressway 5.25 -0.03 746
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 9 3 0 0 0 6 9 3 Manufacturing 113 64 62 16 12 13 129 76 75 Commerce 36 21 26 6 6 8 42 27 34 Tpt/Stor/Comms 15 21 10
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    • 611 26 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 109.6 112 499.8 863 479 CIMBAsean40 100US$ US859cd -4 169 860 854 863 869 34.4 298
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    • 78 26 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 $mil 56 26 6000 AVJennings A48 +1.5 29 48 46 48 49.5 3.6 7.3 3.8 125 31 7.5 6017 Genting HK US$ US21.5 +1.5 *****
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 84,927 84,927 244,920 244,920 Manufacturing 1,911,330 82,734 1,994,064 1,073,646 4,591 1,078,237 Commerce 924,451 51,084 975,535 1,053,839 13,576 1,067,415 Tpt/Stor/Comms 408,978 3,420 412,398 628,224 498 628,722 Finance 178,357 100 178,457 831,428 8 831,436 Construction 276,105 51,368
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  • Page 26 Advertisements
    • 26 26 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
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  • FINANCE & COMMODITIES
    • 365 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 26 Index Change Change Change Change Change Change World Index Preliminary 865.5 0.1 4.0 0.0 2.1 0.1 2.1 EAFE Preliminary 813.2 0.2 3.6 0.2 -0.6 0.3 -0.5 Europe Preliminary 1161.4 -0.3
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    • 180 27 Mar 26 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.15 US$ 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 12
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    • 22 27 Mar 26 S$ Bid Offer 1-month 1.4046 1.4056 2-months 1.4048 1.4058 3-months 1.4049 1.4060 6-months 1.4056 1.4067 Source: OCBC
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    • 132 27 Mar 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2660 1.3050 Can dollar 1.3680 1.3840 Euro 1.8630 1.8850 NZ dollar 0.9840 1.0050 Sterling pound 2.0780 2.1030 US dollar 1.3990 1.4160 Local dollars to 100 units of foreign
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    • 27 27 Mar 26 Open High Sett STI Mar 2906 SIMSCI Mar 344.2 345.9 345.5 Taiwan Mar 279.1 283.2 281.9 Source: MF Global (S) Pte. Ltd
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    • 66 27 Mar 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2619 2599 2626 2595 825 5640 May 10 2577 2565 2590 2562 2404 ***** Jun 10 2551 2534 2565 2534 9524 ***** Jul 10 2540 2521
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    • 365 27 Mar 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6100 0 4312 Sep10 99.4100 0 2003 Dec10 99.1050 0 2696 Mar11 98.7500 0 5158 EUROYEN TIBOR FUTURES Jun10 99.6100 99.6100 99.6050 99.6050 204 4763 Sep10 99.6200 100 4100 Dec10 99.6250 100 1480 Mar11 99.6050 99.6100
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    • 186 27 Mar 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 345.5 340.0 345.5 64 762 May 10 342.0 652 Jun 10 339.5 339.5 339.5 20 780 Jul 10 331.3 331.2 335.0 60 420 Aug 10 330.0 20
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    • 86 27 Mar 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24.06.2010 0.35 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 104.10 5-Year N*****0N 1.375 01.10.2014 100.26 100.32 100.32 7-Year N*****0S
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    • 105 27 Mar 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 952.00 942.50 955.00 941.75 Jul 10 959.75 950.50 963.00 949.50 Aug 10 952.50 945.00 954.25 945.00 Sep 10 932.00 925.50 934.75 926.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.95 38.70 39.08
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    • 77 27 CRUDE OIL PRODUCTS Mar 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.24 0.60 WTI (Near Mth) 80.50 0.04 Dubai (1-Mth F) 78.22 0.75 Tapis blend 82.90 1.00 Minas 81.70 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 78.00 -0.89 Jet Kerosene 87.30 -0.15 US$/barrel Opec Oil
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    • 2729 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 3 1 3977 1 4 8 2.17 23 2036 Advance SCT Ltd W*****9 0.5 1 87
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    • 466 27 Mar 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.929 6.208 0.681 7.058 41.237 82.965 0.843 10.354 3.007 1.283 76.236 41.385 1.277 6.766 0.973 28.982 29.472 0.613 0.909 Canada 1.077 6.683
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    • 85 27 Mar 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 27 Mar 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2767 1.2779 0.9091 0.9093 Canadian dollar 1.3743 1.3761 0.9786 0.9791 Euro 1.8749 1.8765 1.3350 1.3352 NZ dollar 0.9946 0.9960 0.7082 0.7087 Sterling pound 2.0827 2.0848 1.4830 1.4834
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    • 138 27 Mar 25 Mar 26 Mar 26 GOLD (US$/oz) Hong Kong 1092.60 1098.20 Mar 26 Mar 25 London 1103.95 1092.05 1104.75 1093.05 Source: Thomson Reuters CAST BAR Mar 26 (S$) Selling Buying Kilobar 53,051.67 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118.77 49 5gm 337.05 247 10gm 602.41
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    • 71 27 Mar 26 Mar 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2189.75 2187.50 3 months 2220.00 2219.00 Copper, Grade A (US$/tonne) Cash 7479.25 7399.25 3 months 7515.00 7435.00 Lead (US$/tonne) Cash 2096.05 2048.25 3 months 2125.00 2077.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 77 27 Mar 26 COCOA (£/tonne) Close Prev High/Low May 10 2216 2198 2227/2181 Jul 10 2232 2218 2243/2200 Sep 10 2197 2185 2203/2169 Dec 10 2165 2153 2169/2147 COFFEE (US$/tonne) Close Prev High/Low Mar 10 1307 1310 1318/1311 May 10 1339 1342 1352/1334 Jul 10 1374 1379 1388/1370 SUGAR (US
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  • 6653 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 28 Advertisements
    • 28 28 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALI IOE WONG AT 9620 1 Can they -Find your services here in the Shipping THE BUSIMESS TIIVIES SHIPPING TIIVIES
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  • Page 29 Advertisements
    • 145 29 MARKET BUZZ Geniki Lines to extend coverage of Malaysia-Brunei coastal service From April 6, Johor-based Geniki Lines will implement a new service that will extend its existing coverage of ports in Malaysia to the Port of Muara in Brunei in a loop. Geniki Lines, which has handled an annual volume
      145 words
    • 39 29 1 PLACE YOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT Can they find your services here in the Shipping Times? 1327 THE BUSINESS TIMES SHIPPING TIMES
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  • BizIT
    • 576 30  -  Standardised system to benefit 23,000 users across the organisation, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SINGAPORE’S largest healthcare provider, Singapore Health Services (SingHealth), has teamed up with IBM and SAP to standardise its human resources processes for about 23,000 users by consolidating disparate systems
      576 words
    • 706 30 Dell denies talk it is shifting purchasing of parts from China Bloomberg [NEW DELHI] Dell Inc chief executive officer Michael Dell said in a conversation with Indian Prime Minister Manmohan Singh that the south Asian nation is poised to become a technology manufacturing
      Bloomberg; FILE PHOTO  -  706 words
    • <what’s up>
      • 120 30 D-LINK has taken the wraps off the DSL-2740B, one of the first 802.11N wireless ADSL (asymmetric digital subscriber line) routers that are compatible with Microsoft’s latest Windows 7 operating system. It boasts download speeds of 24Mbps (megabits per second) and upload speeds of
        120 words
      • 132 30 STARHUB has become the only operator in Singapore to land the exclusive rights to sell Motorola’s new Milestone smart phone. The handset is touted to be the first in the region to welcome Google’s latest Android 2.1 mobile operating system. Beyond its 3.7 inch
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      • 107 30 SINGAPORE Telecommunications has unveiled two new Blackberry subscription plans that are tailored towards youths and full-time National Servicemen. The Blackberry Flexi Youth and Flexi Value Youth plans offer free incoming calls, up to 200 minutes of outgoing talk time and
        107 words
      • 119 30 3M is lightening the burden of making business presentations with its new MPro 150 projector. The product weighs a mere 159g and measures 12.7cm in length so it can easily fit into the pockets of road warriors. Despite its small size, the MPro 150
        119 words
      • 67 30 NETWORKING gear maker Juniper Networks has appointed Greg Bunt to be its regional enterprise architect. In his new role, he will oversee sales of the firm’s portfolio of networking products in the Asia-Pacific region. He joined Juniper in 2004 following its acquisition of NetScreen.
        67 words
      • 146 30  -  Compiled by WINSTON CHAI THE benefits of having a portable satellite navigational unit and a smart phone are now combined into one device with the Garmin-Asus M10. The result of a tie-up between Garmin and Taiwan’s Asutek Computer, the M10 claims to offer
        146 words
    • 257 30 [WASHINGTON] Japan’s Fujitsu has ceded rights to the “iPad” name to Apple, just in time for the tablet computer from the California company to hit US stores next month. Fujitsu agreed to assign over all rights to the iPad name to Apple, according to
      257 words
    • 565 31  -  Consumers are splurging on gizmos after a year of belt-tightening By WINSTON CHAI WITH the local economy on the mend, consumers are once again splurging on gadgets after a year of belt-tightening and their gizmos of choice have turned out to be a feast
      FILE PHOTO  -  565 words
    • 616 31 AFP [WASHINGTON] A city in Kansas renamed itself “Google”. A Florida mayor hopped into a tank full of sharks to impress the Internet titan. Baltimore named a “Google Czar” and scores of towns held “Google Days”. Why all the fuss over the
      AFP  -  616 words
    • 602 31 Bloomberg [SAN FRANCISCO] Oracle Corp, the world’s secondlargest software maker, has forecast the fastest sales growth for new software licences since mid-2008 fresh evidence that the US economy is bouncing back from the recession. Sales of new software licences will increase 3-13 per
      Bloomberg; REUTERS  -  602 words
    • 709 31  -  They risk being left behind otherwise in mature IT environment By AMIT ROY CHOUDHURY SINGAPORE companies need to embrace cloud services in a big way, as otherwise they would risk being left behind, according to an industry authority. Hewlett Packard’s (HP) Gwee Yee
      709 words
    • BizIT FOCUS
      • 1512 32  -  The brightening economy, rising awareness and new ‘green’ technologies are helping to intensify the eco-friendly and sustainability focus in Singapore and across the region, reports ONG BOON KIAT ONG BOON KIAT WITH the economic doldrums lifting and loosening purse-strings of businesses, eco-friendly, clean-energy and
        FILE PHOTO  -  1,512 words
      • 829 32  -  Some Singapore companies are helping to keep the country’s green flag flying By JASLENE PANG WITH going green the latest mantra for Singapore, a number of homegrown firms have kept Singapore’s eco-friendly torch burning with eye-catching innovations in the past year. One such
        FILE PHOTO  -  829 words
  • Page 30 Advertisements
    • 171 30 ction community for entrepreneurship BlueSky exchange 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 Venue
      171 words