The Business Times, 6 March 2012

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Microfilm: NL31820
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, March 6, 2012
    25 words
  • Article, Illustration
    Lock icon Govt rolls out more hire-local schemes
    879 1  -  Easing foreign worker quota for some could lead to perverse outcome: Tan Chuan-Jin By TEH SHI NING [SINGAPORE] Businesses will have to be inventive to attract locals and use government help to raise productivity, as Singapore “cannot afford to keep postponing” the restructuring that
    Compiled by BT  -  879 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,991.80 (-1.69) HST INDEX FUTURES 2,969 (-19) HSIMSCI 345.52 (-2.03) HSIMSCI FUTURES 344.30 (-3.60) US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.580 1.987 EURO (US$/S$/E) 1.319 1.659 Foreign currency per US$ S$ YEN 81.20 64.60 RM 3.018 2.400 HK$ 7.762 6.173 BAHT 30.65 24.37 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon SingTel bets US$321m on mobile ads
    745 1  -  By JOYCE HOOI [SINGAPORE] In the battle against the disruptive influence of smartphones on voice call and SMS revenues, SingTel is fighting back with a US$321 million acquisition of Silicon Valley mobile advertising firm Amobee. As part of its virgin investment in a digital
    AFP  -  745 words
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      143 1 SME Inc Turning a burning vision into reality PAGE 10 COMMENTARY Nuclear debate in Japan far from over PAGE 25 COMPANIES China Healthcare gets privatisation offer PAGE 5 8 *****1 *****4 ULYSSE NARDIN Since 1846 Le Locle Suisse El Toro Patented Perpetual Calendar. Self-winding MOVEMENT. PLATINUM CASE WITH CERAMIC BEZEL.
      143 words
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      8 1 CHILDAID Concerts at MBS Grand Theatre PAGE 3
      8 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      519 2 Govt rolls out more hire-local schemes BUSINESSES will have to be inventive to attract locals and use government help to raise productivity, as Singapore “cannot afford to keep postponing” the restructuring that demands a reduction in reliance on foreign workers. Rolling out new measures to help small and
      519 words
    • Article, Illustration
      Lock icon China lowers growth bar in search of new model
      807 2  -  Stability key focus as govt prepares for leadership change later this year By VIRGINIE MANGIN in Beijing CHINA has scaled back its economic growth target for the first time in 8 years, sending strong policy signals it is willing to shift
      807 words
    • Article
      Lock icon Fingers crossed, analysts bet earnings slump is ending
      916 2  -  By JAMIE LEE [SINGAPORE] Analysts are showing slight optimism over the earnings profile of Singapore companies in the coming months. This has prompted some to lift their forecasts for the Straits Times Index (STI), while recommending greater exposure to cyclical sectors such
      916 words
    • Article
      Lock icon Manufacturing sector in S’pore expands in Feb
      470 3  -  PMI up 1.7 pts from Jan; Feb expansion follows 7 months of contraction By NISHA RAMCHANDANI [SINGAPORE] After seven continuous months of contraction, Singapore’s manufacturing sector recorded an expansion in February, with the Purchasing Managers’ Index (PMI) posting a reading of 50.4. The
      470 words
    • Article, Illustration
      Lock icon ChildAid concerts to be held at MBS
      415 3  -  By RACHEL RACHEL LOI [SINGAPORE] ChildAid concerts have found a shiny new home. The next three annual ChildAid concerts will be held at the Marina Bay Sands (MBS) Grand Theatre, beginning with this year’s concert on Dec 7 and 8. This announcement was
      JASON QUAH/THE STRAITS TIMES  -  415 words
    • Article
      Lock icon AIG to sell US$6b of AIA shares to repay US govt rescue
      412 3 Bloomberg [NEW YORK] American International Group Inc, the bailed-out insurer, is selling about US$6 billion worth of AIA Group shares to unidentified institutional investors to help repay a US government rescue. The insurer majority owned by the US
      Bloomberg  -  412 words
    • Article, Illustration
      Lock icon Multi-skills plan for construction sector unveiled
      664 4  -  Aim is for workers to carry out more than one type of work task on site BUDGET DEBATE By MINDY TAN [SINGAPORE] An alternative platform via which the construction industry can upgrade its workers was unveiled yesterday, as the industry continues its drive to
      YEN MENG JIIN  -  664 words
    • Article
      Lock icon More inspections, education to enforce labour, CPF rules
      416 4  -  By CHUANG PECK MING [SINGAPORE] The government will ramp up its enforcement of employment laws and the Central Provident Fund Act to ensure their rules are obeyed, but it will stop short of beefing up legislation to ensure compliance at least for
      416 words
    • Article, Illustration
      Lock icon A simpler CPF Life annuity plan from next year
      804 4  -  From Jan 1, majority of those turning 55 will join it: Tharman By CHUANG PECK MING [SINGAPORE] Reassuring younger Singaporeans that they will have enough Central Provident Fund (CPF) savings to meet their basic needs in retirement, Deputy Prime Minister Tharman
      Source: CPF  -  804 words
    • Article, Illustration
      Lock icon New govt project to help SMEs boost workplace safety, health
      414 4  -  By CHUANG PECK MING [SINGAPORE] More help will be given to small and medium-sized enterprises (SME) to boost workplace safety and health, even as the government contemplates introducing laws governing working at heights practices. “This year, we will further extend
      414 words
    • Article
      Lock icon Mandatory weekly rest day for foreign domestic workers
      522 4  -  By TEH SHI NING SINGAPORE will make a weekly rest day for foreign domestic workers mandatory, a move several non-gov-ernmental organisations here have long advocated and yesterday welcomed. But to move forward in a “balanced and pragmatic fashion”, the new law allows
      522 words
    • IN BRIEF
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  • COMPANY NEWS
    • Article
      Lock icon Offer to take China Healthcare private
      503 5  -  Its founder and EQT Partners make joint bid for all issued shares for $80.4m By LYNETTE KHOO CHINA Healthcare’s founder and a Swedish private equity firm have made a joint offer to take it private. The company is a healthcare service provider in Singapore
      503 words
    • Article
      Lock icon Ezra clinches two new contracts
      306 5  -  By CARINE LEE EZRA Holdings Limited yesterday announced two new contract wins, boosting its order book closer to a record US$2 billion. The contracts, worth a total of US$131.5 million, were secured separately by its fabrication and subsea divisions. “We had identified subsea services for
      306 words
    • Article
      Lock icon S&P lowers Yanlord’s credit rating
      269 5 CREDIT rating agency Standard Poor’s has lowered its long-term corporate credit rating on Chi-na-based property developer Yanlord Land Group Ltd to BB- from BB. “The outlook is negative. We also lowered the issue rating on the company’s senior unsecured notes to B+ from BB,” S&P
      269 words
    • Article, Illustration
      Lock icon Wheelock’s ‘$1 billion man’ David Lawrence dies at 65
      518 5  -  Executive director Tan Bee Kim seen as likely successor By MINDY TAN ONE of the pioneers in Singapore’s luxury property market, David Lawrence, died yesterday, aged 65. “The board of directors of Wheelock Properties (Singapore) Limited announces with regret and sadness
      FILE PHOTO  -  518 words
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      Lock icon Page 5 Advertisements Column 1
      83 5 CreditSuisse r\ y > rv v M y A 4 i A I r S%. f X 1 y> V fcf, ft k v V x' 38 > ft r I t i t 1 'fly'f ‘'VV^ 3 f. y IM -.V 'I MS r v Vy V* M i
      83 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Liquidity continues to dry up
      571 6  -  Yesterday’s turnover excluding foreign currency issues was just 1.8b units worth $941.3m STOCKS R SIVANITHY Senior Correspondent LIQUIDITY continued to decline yesterday, robbing stocks of one of their main driving forces of the past two months. The result was a 1.69-point loss for the Straits
      Source: Bloomberg  -  571 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 6 Mar 5 VALUE CLOSE BT OB/OS -515.00-161.00 BT CADI -*****.00-124.00 BT 10-day MA -*****.00 -51.00 FTSE ST Mid Cap 689.77 -3.49 FTSE ST Small Cap 456.89 -4.20 FTSE ST All Share 723.21 -1.32 FTSE ST China Top 228.83 -0.66 FTSE ST China 256.85 +1.21 FTSE ST Catalist
      64 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 38 73 35 4 8 7 42 81 42 Commerce 21 22 23 2 8 3 23 30 26 Tpt/Stor/Comms 9 27 8
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      965 6  -  Compiled by JAMIE LEE Ascendas Reit March 5 close: $2.04 CIMB RESEARCH, March 5 AN unprecedented supply of new business-park space is anticipated in the next four years. While there could be some pressure on Ascendas Reit’s (A-Reit) business parks, we believe fears may have been overdone. We
      965 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,878 17,878 63,553 63,553 Manufacturing 361,975 75,323 437,298 166,221 1,891 168,113 Commerce 129,694 6,090 135,784 114,822 633 115,454 Tpt/Stor/Comms 105,212 28,692 133,904 127,709 5,345 133,054 Finance 9,906 50 9,956 80,762 7 80,769 Construction 115,317 18,250
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.505 -0.020 CapitaLand 3.060 -0.010 CapitaMall 1.825 CityDev 10.900 -0.200 ComfortDelGro 1.510 -0.020 DBS Grp 14.190 -0.040 F&N 6.650 +0.030 GLP 2.190 +0.030 Genting SP 1.595 -0.015 Golden Agri 0.715 -0.015 HK Land 5.790 +0.190 JMH 51.900
      110 words
    • Article, Illustration
      Lock icon Euro holds firm as market awaits data
      402 6 CURRENCIES AFP [TOKYO] The euro held firm against the US dollar in Asia yesterday as investors opted to sit and wait for upcoming data. The single currency, which lost ground on Friday on weak European economic figures, stood at US$1.3199 in Tokyo afternoon
      AFP  -  402 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME UPP 177,338,000 Golden Agri 108,414,000 UPP W*****1 57,814,000 Rowsley 57,127,000 UniFiber 49,736,000 Genting SP 45,902,000 MDR 41,710,000 MDR W*****5 31,766,000 PSL Hldgs 29,701,000 ChinaFashion 29,675,000 VALUE($) Golden Agri 77,875,020 Genting SP 73,406,315 SingTel 42,892,090 Olam 42,599,400 Keppel Corp 34,477,090 Wilmar 33,262,040 UPP 30,385,061 UOB 26,322,208 Noble
      56 words
    • Article
      Lock icon RISES
      108 6 BY CENTS CLOSE UP JMH 5190 188.6 3.0 DBXT FTVietnam 10US$ 2605 179.8 5.8 Asia Pac Brew 3404 94.0 2.8 Hyflux 6% CPS 10 ***** 70.0 0.7 JSH 3100 60.4 1.6 Great Eastern 1460 52.0 3.7 STXPO 100 947 42.0 4.6 DBXT S&P Short 10US$ 3802 26.4 0.6 Lyxor
      108 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -393.5 -2.8 GLD 10US$ ***** -168.5 -0.8 Lyxor ThaiSET 10US$ ***** -163.4 -1.2 Lyxor Indonesia10US$ 9261 -115.7 -1.0 Jardine C&C 4690 -62.0 -1.3 DBXT MSEurope 10US$ 4434 -60.4 -1.1 DBXT MSCHINA 10US$ 1161 -30.2 -2.0 DBXT MSTHAI 10US$ 1860 -30.2 -1.3
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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  • COMPANY NEWS
    • Article
      Lock icon Little gain seen from container fee hike for NOL
      460 7  -  Its shipping arm APL has only 21% of fleet on affected Asia-Europe routes By LYNN KAN CONTAINER lines have raised charges for shipping standard-sized containers on the major Asia-Europe artery and happily, those have stuck. Industry watchers are upbeat about the
      460 words
    • Article
      Lock icon C&G plans issue of 34m unlisted warrants to IFC
      373 7  -  By KELLY TAY MAINBOARD-listed C&G Environmental Protection Holdings Ltd plans to issue 34 million unlisted warrants, at an exercise price of 18.5 cents per share, to World Bank Group member International Finance Corporation (IFC). Assuming exercise of the warrants, the move
      373 words
    • Article
      Lock icon India blacklists ST Kinetics and 5 other arms firms
      136 7 AFP [NEW DELHI] India yesterday blacklisted six armament firms for 10 years for their alleged role in a 2009 weapons bribery scandal, a government statement said. The firms targeted by the defence ministry included Singapore Technologies Kinetics, Switzerland’s Rheinmetall Air Defence,
      AFP  -  136 words
    • Article, Illustration
      Lock icon Orchard Parade shares leap on Reit talk
      364 7  -  Company reiterates it’s in preliminary discussions with parent By FELDA CHAY TALK of Far East Organization subsidiary Orchard Parade Holdings Ltd (OPHL) looking to spin off a real estate investment trust (Reit) is making its rounds again, sending its shares surging yesterday and
      FILE PHOTO  -  364 words
    • Article, Illustration
      Lock icon Retail optimism yet to show in markets
      400 8  -  Fund flows suggest they will enter soon, but earlier entrants will then exit: HSBC By JAMIE LEE RETAIL investors around the world have shown more optimism about the equity markets but only on paper, according to a HSBC report yesterday. This suggests that
      400 words
    • Article
      Lock icon Rowsley surges 15% on UPP stake sale
      203 8 Reuters SHARES of Singapore’s Rowsley Ltd surged as much as 31 per cent yesterday after the oil recycling and renewable energy firm said it agreed to sell shares and warrants in UPP Holdings Ltd for $22.1 million. After an intraday high of 10.5
      Reuters  -  203 words
    • COMPANY BRIEFS
      • Article
        Lock icon Datapulse Q2 earnings drop 55%
        58 8 DATAPULSE Technology posted a 55.3 per cent decline in earnings to $2.16 million for the fiscal second quarter ended Jan 31, 2012. Revenue declined 37 per cent to $12.84 million, due to lower demand for media storage products and services. Earnings per share was 0.37
        58 words
      • Article
        Lock icon Pacific Healthcare suffers losses 3 years in a row
        99 8 PACIFIC Healthcare Holdings gave notice that it has recorded pre-tax losses in three consecutive financial years. Its market capitalisation as at Feb 29, 2012 the last market day on which trading was not suspended or halted was $44.88 million. Under Rule
        99 words
      • Article
        Lock icon Technics unit bags $10.5m construction, service contracts
        49 8 TECHNICS Oil and Gas announced that its 51 per cent-owned subsidiary, Norr Systems Pte Ltd, has secured $10.5 million worth of turnkey construction and service contracts. Under the contracts, Norr Systems will design, engineer, procure and manufacture, and supply ship automation equipment.
        49 words
      • Article
        Lock icon SGX securities trading up in February
        106 8 Reuters SINGAPORE Exchange (SGX) said yesterday the daily average value of securities traded on its bourse rose 41 per cent in February from the previous month. An average of $1.8 billion worth of securities were traded every day last month, up 4 per cent
        Reuters  -  106 words
      • Article
        Lock icon TT Int’l elaborates on reason for its CFO’s departure
        78 8 TT International Limited elaborated on the reason for its chief financial officer’s departure, saying yesterday in a statement that Goh Chong Theng, its former CFO, had been hired for the implementation of its scheme of arrangement until the related redeemable convertible
        78 words
    • Article
      Lock icon Don’t focus solely on dividend yield: BlackRock
      555 8  -  Investors also told to avoid highly leveraged firms By BRYAN KOH HIGH dividend yields should not be the sole focus in assessing equity returns over time, said Stuart Reeve, managing director and portfolio manager at BlackRock. According to Mr Reeve, data collated over
      555 words
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      Lock icon Page 7 Advertisements Column 1
      180 7 0 SINGAPORE WORKFORCE SKILLS QUALIFICATIONS Made for women too Recognising that women want to be empowered in their home improvement experiences, Home-Fix created “Ladies’ Night The Urban Woman’s Guide to Home Improvement”. With friendly staff on hand to guide aspiring ladies on the use of basic power tools, types of
      180 words
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      199 8 OUTRUN THE RECESSION AT SBC2012 Thursday, 29 March 2012, Sands Expo Convention Center ft Singapore Brand Conference BRANDING THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION MARKETING I TECHNOLOGY OPERATIONS l 7/ h i Mr Jacky Tai w Principal Consultant j SfrafegiCom The B2B Branding Specialist r f REGISTER
      199 words
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  • SINGAPORE NEWS
    • Article
      Lock icon $40m boost for medical technology start-ups
      421 9  -  Biomedical Sciences Accelerators scheme will provide earlystage funding support By EVE YEO START-UPS in the medical technology industry can look forward to a bigger pool of early-stage funding support with the launch of a $40 million fund by Spring Singapore and Clearbridge Accelerator. Technology
      421 words
    • Article, Illustration
      Lock icon Dunkin’ Brands has huge plans in Asia-Pacific region
      368 9  -  By AMANDA EBER DUNKIN’ Brands, parent company of Dunkin’ Donuts and Baskin-Robbins, announced yesterday its plans to expand operations in the Asia-Pacific region. One of the world’s largest quick service restaurant companies, Dunkin’ Brands already boasts a significant presence in the region.
      368 words
    • Article
      Lock icon Current turmoil ‘a wealth opportunity’
      619 9  -  More S’poreans investing now than during ’08 crisis: poll By JASMINE NG THE global financial crisis of 2008 has led Singapore consumers to become more financially savvy and confident about exploring wealth opportunities amid choppy markets. According to a survey by Citibank released yesterday, half
      619 words
    • Article
      Lock icon Wartsila to acquire assets, business of MMI
      281 9  -  By EDWIN LOH FINNISH marine powerplant manufacturer Wartsila said yesterday it has signed a contract to acquire the assets and business of Singapore-based MMI Boiler Management to boost its offerings of boiler services. The acquisition will give Wartsila a stronger market position in
      281 words
    • Article
      Lock icon Coming up roses in statutory boards
      357 9  -  Women sit on 19.8% of boards there, versus 6.9% in listed firms: research By LIM WEI SHENG WOMEN in Singapore are represented more highly in the boardrooms of local statutory boards, holding 19.8 per cent of board positions, as opposed to those in listed
      357 words
    • Article
      Lock icon Consultations on best way to import LNG
      575 9  -  Market to be at its tightest from 2014 to 2016: EMA chief By RONNIE LIM SINGAPORE is launching this month a consultation exercise expected to take around three months on how best to source liquefied natural gas for power plants and industries here,
      575 words
    • Article
      Lock icon University governance programme at NUS
      283 9  -  By AMANDA EBER THE National University of Singapore (NUS) and Temasek Foundation yesterday launched the inaugural Temasek Foundation-NUS Programme for Leadership in University Management. The five-day programme aims to provide a platform for Asean university leaders to discuss university governance and management in the face
      283 words
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  • SME Inc
    • Article, Illustration
      Lock icon Turning a burning vision into reality
      1003 10  -  Wiselink Technology CEO Robert Lim started with a dream and pressed on with tenacity to overcome challenges.AMANDA EBERreports challenges.AMANDA EBERreports WISELINK Technology has won a string of awards over the past few years, all of which hang from a wall in its Aljunied office.
      ARTHUR LEE  -  1,003 words
    • Article, Illustration
      Lock icon Build a strong family along with the family business: forum
      796 10  -  Panellists also warn about complacency in succession By JOSHUA TAN FAMILY businesses have to adapt to the changing nature of society, while retaining the emphasis on relationships and values this was the clear message conveyed through a public forum held
      796 words
    • Article, Illustration
      Lock icon PIC aimed at small businesses
      1680 12 This is an edited excerpt of a speech by Minister of State for Finance and Transport Josephine Teo during the Ministry of Finance Committee of Supply debate in Parliament last Friday ALTHOUGH the Productivity and Innovation Credit (PIC) scheme is available to all enterprises, it
      FILE PHOTO  -  1,680 words
    • Article, Illustration
      Lock icon Coming soon – vertical fish farming
      501 13  - Coming soon vertical fish farming Applying for some of the schemes the government has rolled out to boost productivity, such as the Productivity and Innovation Credit scheme and the Innovation Voucher scheme, is not as difficult as many think. Nor does it require a sea of paperwork. ANNA LEE reports
      501 words
    • Article, Illustration
      Lock icon Room to grow
      1108 13  -  The family-like atmosphere of Markono meant that newcomer Nick Lai could interact with staff across all levels. HAOreports ONG CHOR HAOreports TWENTY-seven-year-oldNick Lai Weixuan grew up embracing literature of all forms, from the veiled social commentaries of Charles Dickens to self-help books such as Body Language by
      ARTHUR LEE  -  1,108 words
    • Article, Illustration
      Lock icon Greater automation at a fraction of the cost
      610 13 PUSHING for advancements in productivity at Koufu has become easier with the Capability Development Scheme (CDS) provided by SPRING Singapore as well as the Productivity and Innovation Credit scheme (PIC). “The process would be a lot slower, and it would have been
      FILE PHOTO  -  610 words
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      Lock icon Page 10 Advertisements Column 1
      144 10 HONGS KONGil -O'!®' HONG KONG. RIGHT PLACE. RIGHT TIME. Heart of Asia If you are interested in China, but not sure where to start, take a look at how Hong Kong can help. Thousands of foreign companies including many from Singapore have grown their China business successfully from Hong Kong.
      144 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Helping turn bad times into good
      1374 11  -  Acorn believes good research ideas for bad times might just be the solution that turns one’s fortunes around, reports JOSHUA TAN reportsJOSHUA JOSHUA TAN TOUGH times for the economy are usually associated with cutting costs and concerted efforts to minimise business losses. However, Danny
      YEN MENG JIIN  -  1,374 words
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      224 11 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, up to three SMEs will each receive S$390,000 in prizes comprising an interest-free loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation
      224 words
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      123 12 Experiencing a talent squeeze? mi\§ t Partner with SPRING to grow your talent pool. Join MAR Management Associate Partnership attracts and develops young talented graduate with SMEs. BENEFITS FOR ELIGIBLE COMPANIES: Get up to $15,000 training grant* for each talent recruited Be profiled as a choice employer at exclusive career
      123 words
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  • ECONOMY WATCH
    • Article
      Lock icon Foreign hoard of US bonds on the rise
      883 14 Lack of AAA-rated securities drives holdings outside the country to US$5t Bloomberg [NEW YORK] For all the concern that the US$10 trillion market for Treasuries is dependent on Federal Reserve purchases to absorb a continually expanding supply of debt, the amount held
      Bloomberg  -  883 words
    • Article, Illustration
      Lock icon RBA may keep rates unchanged
      706 14 Positive Q4 data presents rosy picture of Aussie economy Reuters [SYDNEY] Australian firms rebuilt inventories at a surprisingly brisk pace last quarter while the booming mining sector led a rapid rise in wage payments, underpinning economic growth and household incomes as the year drew to
      Reuters; AFP  -  706 words
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      877 14 HIGH IMPACT LEADERSHIP FOR THE 21 ST CENTURY Who should attend: Sales Professionals, Managers, Team Leads, Heads of Division, Heads of Department, Directors and Executives Register at jobs.st701 ,com/seminars ST IBS No #1 Recruitment site in Singapore FULL-DAY SEMINAR MARCH WORKSHOPS Inspirational Leadership Thursday, 8 Mar 2012, SPH Auditorium (9am
      877 words
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      275 15 The view from the top is even better from a position of vantage However good life is, it can get better. Given your achievements, it is opportune to plan how to maximise what you have. That's why we developed PRUVantage, a suite of wealth management solutions that seeks to safeguard
      275 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Petronas 9-month profit up 30% at RM53b
      534 16  -  Company president warns of dwindling production for this year and next By S JAYASANKARAN in Kuala Lumpur MALAYSIAN oil company Petroliam Nasional, or Petronas, saw its net profit after tax surge almost 30 per to RM53 billion (S$22 billion) for the nine months
      534 words
    • Article, Illustration
      Lock icon Indonesia coffee harvest set to hit 3-yearhigh
      566 16 20% ouput rise will cap prices that have risen 12% this year Bloomberg [JAKARTA] The coffee harvest in Indonesia, the third-biggest grower of the robusta variety used in instant drinks and espressos, is set to climb to the largest in three years, potentially
      Bloomberg; REUTERS  -  566 words
    • Article
      Lock icon Release finance portfolio, Daim urges PM Najib
      622 16  -  Holding both posts leads to lack of checks and balances By PAULINE NG in Kuala Lumpur MALAYSIA’S Prime Minister Najib Razak should consider relinquishing the finance portfolio as his holding both positions results in a lack of checks and balances, its former economic
      622 words
    • Article
      Lock icon Bombardier, Siemens in KL rail project short-list
      275 16 Bloomberg [KUALA LUMPUR] Bombardier Inc and Siemens AG are among five companies short-listed for a RM1.5 billion (S$625 million) contract to supply locomotives for the first part of a Kuala Lumpur rail network. The winner of the deal will be announced by the
      Bloomberg  -  275 words
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      165 16 Asia s Largest International Food Hospitality Trade Event miMni VKhKl Lnnri'A'siii nihhj.in The Exhibition: 87,000sqm of Exhibition Space 2,600 Exhibitors from 65 Countries/Regions 52 Group Pavilions 55,000 Trade Attendees The Competitions: FHA2012 Culinary Challenge Imperial Challenge 2012 Asian Pastry Cup 2012 FHA Barista Challenge 2012 The Conferences: CEO Insights Hospitality
      165 words
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      Lock icon Page 16 Advertisements Column 2
      107 16 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
      107 words
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      5091 17 VOLUNTARY UNCONDITIONAL CASH OFFER by ERNST YOUNG CORPORATE FINANCE PTE LTD (Company Registration No.: *****2967E) (Incorporated in the Republic of Singapore) for and on behalf of ECON EQT INVESTMENT PTE LTD (Company Number: *****5) (Incorporated in the Cayman Islands) to acquire all the issued and paid-up ordinary shares in the
      5,091 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HSBC China services PM I hits 4-month high
      733 18 Solid survey reading contrasts with official report showing sector is shrinking Reuters [BEIJING] China’s services sector ran at its fastest pace in four months in February, though well-below its long-term trend despite an uptick in new business growth to an eight-month high,
      Reuters  -  733 words
    • Article, Illustration
      Lock icon CITIC Resources doubles profit, seeks acquisitions
      455 18 Reuters [HONG KONG] Cash-rich CITIC Resources Holdings Ltd, a Chinese oil and coal investor and producer, is targeting acquisitions in oil and coal assets but will carefully weigh the impact on its balance sheet, its chief executive said yesterday after it reported that net
      Reuters; BLOOMBERG  -  455 words
    • Article
      Lock icon Indian services sector loses some steam in February
      410 18 HSBC’s Business Activity Index fell to 56.5 last month Reuters [BANGALORE] India’s services sector lost momentum last month and firms shed workers for the first time in three months despite growing more confident about the year ahead, a business survey showed yesterday.
      Reuters  -  410 words
    • Article, Illustration
      Lock icon Empowering poor rural women is the mission of this frugal college
      754 18 AFP [TILONIA, India] It gives no degrees and the teachers and pupils often do not share a common language, but India’s Barefoot College has been transforming the lives of rural women for four decades. Located in Tilonia village, 100
      AFP  -  754 words
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  • WORLD
    • Article, Illustration
      Lock icon Myanmar nears currency float in policy shift
      966 19 Change would lay groundwork for reconnecting nation to global commerce Bloomberg [BANGKOK] Myanmar is nearing a decision to dismantle its fixed exchange rate and replace it with a managed float of the kyat, a person familiar with the discussions said yesterday. Officials will
      Bloomberg; BLOOMBERG  -  966 words
    • Article
      Lock icon Canberra to oppose US lobby at talks
      404 19 It objects to investor state dispute settlement provisions Reuters [CANBERRA] Australia’s government yesterday said that it would reject a push by the powerful United States business lobby to give companies greater legal rights in trade disputes under a new trans-Pacific trade liberalisation pact.
      Reuters  -  404 words
    • Article, Illustration
      Lock icon Silver lining in News Corp’s UK scandal
      817 20 Firm’s stock price surges despite wave of incriminating headlines in Britain NYT [NEW YORK] Last Monday, British investigators said that News Corp’s British tabloid, The Sun, had participated in widespread bribery to “a network of corrupted officials”. Then on Wednesday, the widening inquiry
      NYT; AP  -  817 words
    • Article, Illustration
      Lock icon Mexican telco tycoon Slim is richest on Earth
      1048 20 Bloomberg ranking places Gates, Buffet 2nd, 3rd after him Bloomberg [NEW YORK] Carlos Slim, the telecommunications tycoon who controls Mexico’s America Movil SAB, is the richest person on Earth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 20
      Bloomberg  -  1,048 words
    • Article
      Lock icon Scientists warn anew of devastation from quake in Tokyo
      639 20 Built at intersection of four tectonic plates, city has 50% chance of major quake AFP [TOKYO] A year on from one of the biggest earthquakes in recorded history, Japanese scientists are warning anew that Tokyo could soon be hit by a
      AFP  -  639 words
    • Article
      Lock icon Swan steps up war of words with Aussie billionaires
      384 20 Bloomberg [SYDNEY] Australian Treasurer Wayne Swan said there is a risk “hyper-rich activists” will distort public policy debates in the nation as their ability to wield influence through the media trumps ideas. “There has been a perceptible shift in this country
      Bloomberg  -  384 words
    • Article
      Lock icon Australia rate policy still potent tool despite banks’ defiance
      925 21 RBA rate cuts last year achieving target of boosting domestic demand Reuters [SYDNEY] Australia can still boast one of the most powerful monetary policy mechanisms in the developed world even as domestic banks threaten to gum up the works with higher
      Reuters  -  925 words
    • Article, Illustration
      Lock icon Russian bond yields at record lows on Putin win
      650 21 Bonds due 2020 at lowest since starting trade in April 2010 Bloomberg [MOSCOW] Vladimir Putin’s presidential-election victory is bringing relief to Russia’s bondholders, sending yields to record lows on speculation that his support still remains strong enough to see off any
      Bloomberg; AFP  -  650 words
    • Article
      Lock icon Philippine budget deficit hits record in December
      315 21 Bloomberg [MANILA] The Philippines’ budget deficit widened to a record in December, after President Benigno Aquino accelerated spending on roads and schools to bolster an economy struggling to counter the effects of Europe’s debt crisis. The shortfall was 101.5 billion pesos (S$3 billion),
      Bloomberg  -  315 words
    • Article
      Lock icon Apple says it’s behind 514,000 jobs in US
      648 21 Study aims to prove its impact is more than its 47,000 staff NYT [NEW YORK] Apple has made its first attempt to quantify how many American jobs can be credited to the sale of its iPads and other products, a group that
      NYT  -  648 words
    • Article
      Lock icon January orders to factories fall for first time in three months
      494 22 Service industries on the other hand saw an unexpected rise in February LATEST US DATA Bloomberg [WASHINGTON] Orders to US factories decreased in January for the first time in three months, a sign manufacturing is cooling at the beginning
      Bloomberg  -  494 words
    • Article
      Lock icon Libor probe reveals open discussions among bankers
      321 22 Traders say there are no rules stopping talks between employees Bloomberg [LONDON] Regulators probing the alleged manipulation of global interest rates are focusing on what traders involved in setting the benchmark say were routine discussions condoned by their superiors. Staff responsible for submissions
      Bloomberg  -  321 words
    • Article
      Lock icon Intervention sought on strong Asian currencies
      283 22 Bloomberg [SINGAPORE] Asian exporters, battling a slump in demand, are calling for their central banks to intervene after capital inflows contributed to the best start to the year on record for the region’s currencies. Executives at LG Chem, South Korea’s biggest chemicals maker, and
      Bloomberg  -  283 words
    • Article, Illustration
      Lock icon Eurozone nervous on whether private holders of Greek bond will accept deal
      756 22  -  Greece could be declared in default as a result By NEIL BEHRMANN in London EUROPEAN markets have become nervy again for several interrelated reasons. First, there are fears that some hedge funds and other holders of Greek bonds
      REUTERS  -  756 words
    • Article
      Lock icon EU eyes quotas for women on boards
      594 22 AP [BRUSSELS] The European Union is moving closer to introducing mandatory quotas for the number of women on company boards after businesses failed to make sufficient progress in gender equality over the past year. The EU’s Justice Commissioner, Viviane Reding, said yesterday that
      AP  -  594 words
    • Article, Illustration
      Lock icon Sweden’s economy goes from best to worst
      752 22 Bloomberg [STOCKHOLM] Sweden’s reliance on exports to Europe has turned Scandinavia’s erstwhile strongest economy into the region’s laggard as job losses undermine demand. “It will get worse before it gets better,” said Andreas Jonsson, an economist at Nordea Bank here. “We will see
      Bloomberg; AFP  -  752 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      172 19 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE 8th 11th MARCH 2012 SUNTEC SINGAPORE LEVELS 1, 2, 3, 4 6 12 NOON 9 PM DAILY FREE ADMISSION Guaranteed over S$90,000 CASH to be won in 4 days S$2,000 CASH Win hourly from 1 9
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      192 19 OKI Open up your dreams Satisfaction attached. Manufacturing printers for companies government organisations since 1964. Copy Print cn--o c _i z> O--T3 < E Q. Scan Fax in one machine MC361dn SMB Users S.R.P. $899 HWM+Hard warezone.com TECH AUARDS 2D1E EDITOR’S CHOICE 1 Best SOHO Color LED I OKI MC361dn
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  • Page 21 Advertisements
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      1269 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF MEETING OF CREDITORS In The Matter Of The Companies Act, Cap. 50 And In the Matter of GATEWAY 2000 ASIA PTE LTD (Co. Reg. No.*****6678D) (In Creditors’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 296 of the Companies
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Emirates may go back to fuel hedging
      740 23 Its profits slumped 76% in the first half of FY2011 as fuel costs and currency fluctuations hit the carrier Reuters [SEATTLE] Dubai’s Emirates airline may revive its hedging programme to help guard against soaring fuel costs, which forced it to pay an additional
      Reuters; REUTERS  -  740 words
    • Article
      Lock icon EU carbon rule to cost Chinese airlines billions
      377 23 Reuters [BEIJING] The European Union’s (EU) plan to charge airlines for their greenhouse gas emissions would rise dramatically to cost Chinese airlines 18 billion yuan (S$3.57 billion) a year by 2030, China’s civil aviation head said yesterday. China would continue to push
      Reuters  -  377 words
    • Article
      Lock icon Businesses urge UK to rethink Heathrow runway
      308 23 Reuters [LONDON] Some 70 British business leaders and groups representing hundreds of others have written an open letter to Britain’s government demanding the debate about building a third runway at London’s Heathrow airport be re-opened. The letter, published in Britain’s Sunday Telegraph newspaper,
      Reuters  -  308 words
    • Article
      Lock icon ‘Bloodletting’ seen in shipping industry this year
      845 23 Rising fuel costs, EU woes, lack of funds may worsen crisis Reuters [AARHUS, Denmark] Many of the giant cranes that tower over the port of Aarhus, Denmark’s second biggest city, are standing idle these days. They can load a million containers a year,
      Reuters  -  845 words
    • Article
      Lock icon Demand for Middle East oil tankers climbs to record high
      237 23 Reuters [SINGAPORE] Spot demand for supertankers carrying Middle East crude oil climbed to a record of as many as 142 fixtures in February, or 9.79 million barrels of oil per day (bpd), slightly higher than the previous month, ship brokers
      Reuters  -  237 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      361 23 CRYPTIC CROSSWORD Across 1 All the cards? One of them is limiting North on board game (4,6) 6 Heavily strike driver? (4) 9 Beelzebub’s accepting time of celebration for Welsh listeners (10) 10 Military ‘supplies’ (in inverted commas) (4) 12 Catcall from writer that hurt! (4) 13 Distinguishing feature making
      361 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Life in a slower lane may suit China well
      480 24 EDITORIAL A CHANGE from an 8 per cent GDP growth target to 7.5 per cent doesn’t usually make waves. But when the news is delivered by a top Chinese leader, the rest of the world takes notice. After seven years of
      480 words
    • Article, Illustration
      Lock icon Red flags mar Hong Kong’s reputation for clean govt
      782 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHIEF Executive Donald Tsang, chastened by the disclosure that he had accepted favours from Hong Kong and mainland tycoons, was on the
      782 words
    • Article, Illustration
      Lock icon Any time is a good time to start a business
      1149 24  -  Legend Fighting Championship and Secret Ingredient unfazed by economic fragility By PAULINE CHIOU The writer is a CNN anchor/correspondent based in Hong Kong. Follow Pauline on Twitter @PaulineCNN and on www. cnn. com/business THIS is the story of two entrepreneurs
      AFP  -  1,149 words
    • Article, Illustration
      Lock icon Nuclear debate in Japan far from over
      1170 25  -  But official says that the country must find the best mix among coal, nuclear and renewable energy ANTHONY ROWLEY Tokyo Correspondent AS Japan approaches the first anniversary of the Fukushima nuclear crisis on March 11, it is also entering a highly uncertain future
      REUTERS  -  1,170 words
    • Article, Illustration
      Lock icon Rehire, rebuild through low borrowing costs
      856 25  - Rehire rebuild through low borrowing costs PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 THE economic news is looking better lately. But after previous false starts remember “green shoots”? it would be foolish to
      AFP  -  856 words
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  • Article
    Lock icon The Business Times Shipping Times
    2380 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    2,380 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      47 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE M THE BUSINESS TIMES Shipping Times urgently needed by shippers I Can -they find your services here In -the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping Times
      47 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2611 27 Transaction date: Mar 5 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 112.5 92.5 AIMSAMPIReit 107.5 unch 821 108 107.5 107.5 108 1.8 10.9
      2,611 words
    • Article
      Lock icon SGX CATALIST
      201 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 26
      201 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7259 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD
      7,259 words
    • Article
      Lock icon GLOBALQUOTE
      188 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US36 -0.5 2863 36 35.5 35.5 36 2370.4 Vol 205 168 TanChongInt HK191 192 196 2.9 2.6 13.3 3846.5 STOCK PRICES LEGEND:
      188 words
    • Article
      Lock icon SGX ETF
      908 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1063 1050 1052 42.5 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.5 ***** ***** DBXT AUDCS 5AU$ A***** ***** *****
      908 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Mar 2 Index Change Change Change Change Change Change World Preliminary 907.8 -0.1 9.4 -0.2 6.0 -0.4 9.8 EAFE Preliminary 750.0 0.2 10.0 -0.3 6.7 -0.6 10.6 Europe Preliminary 1113.4 0.0 8.5
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 29 CRUDE OIL PRODUCTS Mar 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.42 -1.00 WTI (Near Mth) 106.60 -2.31 Dubai (1-Mth F) 120.38 1.28 Tapis blend 134.57 2.72 Minas 134.37 2.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 120.72 1.72 Jet Kerosene 135.35 1.30 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Mar 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1328.25 1316.75 1328.00 1311.50 May 12 1333.00 1322.50 1333.00 1316.25 Jul 12 1340.25 1329.50 1340.00 1323.00 Aug 12 1330.50 1320.50 1329.75 1315.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.76
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 29 Mar 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 07-Jun-12 0.32 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100 100.02 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.74 3-Month 10-Year
      80 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      455 29 Mar 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5525 0 2437 Jun12 99.5750 0 827 Sep12 99.5450 0 128 Dec12 99.5050 0 1443 EUROYEN TIBOR FUTURES Mar12 99.6650 99.6650 99.6650 99.6650 0 1915 Jun12 99.6650 99.6650 99.6650 99.6650 0 1849 Sep12 99.6650 1 683
      455 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      102 29 dl 0)1 (If Hu 2x 1f7 Wauimv mm 'WMHI** JMf'lull.W. 1'WUDULf rtmu ti imw ir^i Li.ni! VOL lining) Htcaoufi Moan hUMMIll l r j* 'Jkl i njr«p iaw wi CUWMKV AMi» uw mi iMunu u r« l.«H MM* 1 Hill I'J) fill S»JUCiil3 am I w Mill
      102 words
    • Article
      Lock icon SGX FUTURES
      151 29 Mar 5 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 12 398.0 398.0 398.0 4 144 May 12 402.5 195 Jun 12 410.0 410.0 407.0 20 219 Jul 12 409.0 148 Aug 12 409.0 130 Sep 12
      151 words
    • Article
      Lock icon LONDON METALS
      67 29 Mar 2 Mar 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2285.75 2312.25 3 months 2328.00 2353.00 Copper, Grade A(US$/tonne) Cash 8577.25 8625.00 3 months 8580.00 8629.00 Lead(US$/tonne) Cash 2151.25 2131.00 3 months 2183.00 2163.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      67 words
    • Article
      Lock icon LIFFE
      80 29 Mar 2 COCOA (£/tonne) Close Prev High/Low Mar 12 1470 1484 1497/1467 May 12 1495 1504 1519/1489 Jul 12 1509 1518 1531/1504 Sep 12 1515 1523 1535/1510 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2019 2017 2019/2000 May 12 2020 2018 2030/1999 Jul 12 1999 1998 2004/1982 Sep 12 2009
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1206 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 204 25.00 26 Baker Technology Ltd W*****6 3.1 -0.9 17 1 32 15 9.84 8 Best World Intl Ltd W*****5 2 1 30 78 9.00
      1,206 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 Mar 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.062 6.755 0.812 8.316 53.380 97.895 0.870 11.982 3.233 1.295 97.412 45.859 1.347 8.095 0.979 31.608 32.837 0.678 1.071 Canada 0.942 6.363
      470 words
    • Article
      Lock icon SIBOR
      57 29 Mar 5 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 2 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
      57 words
    • Article
      Lock icon PRECIOUS METALS
      133 29 Mar 5 GOLD(US$/oz) Mar 05 Mar 02 Hong Kong 1711.00 1722.00 Mar 02 Mar 02 Mar 01 London 1713.09 1712.76 1713.90 1713.53 Source: Thomson Reuters CAST BAR Mar 05 (S$) Selling Buying Kilobar *****.21 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 472 346 10gm
      133 words
    • Article
      Lock icon PALM OIL
      57 29 Mar 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3223.0 3235.0 3224.0 3215.0 50 1232 Apr 12 3255.0 3250.0 3255.0 3231.0 967 ***** May 12 3271.0 3259.0 3271.0 3236.0 7550 ***** Jun 12 3267.0 3256.0
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      26 29 Mar 5 Open High Sett STI Mar 2979 2983 2972 SIMSCI Mar 348.1 348.3 344.3 Taiwan Mar 288.5 288.9 284.3 Source: SGX Derivatives
      26 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 29 Mar 5 Mar 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3467 1.3476 1.0712 1.0715 Canadian dollar 1.2684 1.2694 1.0089 1.0093 Euro 1.6586 1.6595 1.3193 1.3195 NZ dollar 1.0395 1.0411 0.8268 0.8278 Sterling pound 1.9861 1.9878
      156 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Mar 5 S$ Bid Offer 1-month 1.2572 1.2577 2-months 1.2572 1.2577 3-months 1.2571 1.2576 6-months 1.2560 1.2567 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Mar 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.376 1.311 Can dollar 1.289 1.24 Euro 1.685 1.621 Sterling pound 2.022 1.945 NZ dollar 1.069 1.019 US dollar 1.271 1.223 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 29 Mar 5 $S Offer Bid 0vernight 0.02 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Aid for US mortgage problems
      1272 30 Obama government to give boom-era speculators help against foreclosures Bloomberg [NEW YORK] THE Obama administration will extend mortgage assistance for the first time to investors who bought multiple homes before the market imploded, helping some speculators who drove up prices and inflated the housing bubble.
      Bloomberg; BLOOMBERG  -  1,272 words
    • Article
      Lock icon India has no plans to buy farmland abroad
      365 30 Reuters [NEW DELHI] The Indian government has no plans to buy farmland abroad or help private companies do so, Agriculture Minister Sharad Pawar said yesterday, after a local media report said that New Delhi was debating the issue. “There is no government
      Reuters  -  365 words
    • Article
      Lock icon Majid Al Futtaim Islamic bonds rally on demand
      877 31 Earnings growth and demand for high yields boost Dubai mall operator Bloomberg [DUBAI] The Islamic bonds of Majid Al Futtaim Holding, a Dubai-based fami-ly-run operator of malls and hotels in the Middle East, rose to the highest since their debut on earnings
      Bloomberg  -  877 words
    • Article, Illustration
      Lock icon Tesco to open stores, create 20,000 jobs
      467 31 [LONDON] Tesco plc, Britain’s biggest retailer, plans to open new stores and create 20,000 new jobs in the UK over the next two years as it battles back from a profit warning earlier this year and seeks to tackle a drop in UK
      Reuters; AFP  -  467 words
    • Article, Illustration
      Lock icon Woolworths’ A$6b plans begin at home
      357 32 Australian retailer’s home-improvement unit to reap high margins in 5 years Bloomberg [WELLINGTON] Woolworths Ltd, Australia’s biggest retailer, aims to build its Masters home-improve-ment unit into a high-mar-gin business within five years, chief executive officer Grant O’Brien said. “We believe we can build this
      Bloomberg; BLOOMBERG  -  357 words
    • Article
      Lock icon China to continue regulating property market
      359 32 Xinhua [BEIJING] China will continue to regulate the property market to bring down property prices to a reasonable level, said Premier Wen Jiabao at the opening of the annual parliamentary session yesterday. “We will strictly implement and gradually improve policies and measures for discouraging
      Xinhua  -  359 words
    • Article
      Lock icon Price gain in London luxury homes slows
      267 32 Bloomberg [LONDON] Luxury-home prices in central London climbed at the slowest rate in five months last month as more owners put properties on the market to profit from 16 months of gains, Knight Frank LLP said. Values of houses and apartments costing about
      Bloomberg  -  267 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
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      Lock icon Page 30 Advertisements Column 2
      235 30 For Sale by Expression of Interest Sunshine Plaza (3 Retail units) 366 sq ft, 829 sq ft and 1,066 sq ft LH 99 yrs Selling with good quality tenants Ground floor, high human traffic Well-connected, walking distance to Bras Basah MRT, Bugis MRT, future Bencoolen MRT (Downtown line 3) Attractive
      235 words
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      Lock icon Page 30 Advertisements Column 3
      52 30 Hot Commercial Offices, Shop, F B outlet, Hotels WANTED We have immediate buyers Call us to market your property! Richard Low Tel: 9737 9114 (CEA Reg. No: R*****8Z) Individual or Group buyers welcome! j Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices I WATS NOTICES
      52 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      63 31 (>30yrs o/d) P <- i |f6sqft/99 9y rs t Y #01/ $3.xMil. y s Tenanted. 366SQFT/ 999 YEARS. Check this out and many other properties in CATS Classified in The Straits Times now! WATS BUY IT* SELL IT* FIND IT Show Off Your Prize Bull Call 1800 289 8822 or
      63 words
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      Lock icon Page 31 Advertisements Column 2
      187 31 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. A* ini i Specialist Mortgage
      187 words
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      181 31 MAJOR HORTICULTURAL INVESTMENT OPPORTUNITY EOI Riverland, South Australia Amaroo Orchards is located in one of Australia’s most renowned irrigation precincts. Its sale presents purchasers with the opportunity to gain exposure to such significant horticultural assets through a single acquisition. Developed from 2002 through 2008, the property is a well-balanced almond
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