The Business Times, 8 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|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, March 8, 2012
    25 words
  • Article
    Lock icon GLP eyes US$1b Tokyo spinoff of Japan properties
    580 1  -  But ‘no decision has yet been made’, says the GIC subsidiary By CONRAD TAN [SINGAPORE] Global Logistic Properties (GLP) is preparing to list some of its Japanese warehouse properties in Tokyo in the next few months. The initial public offer may raise
    580 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,913.16 (-18.85) HST INDEX FUTURES 2,907 (-15) HSIMSCI 335.75 (-2.56) HSIMSCI FUTURES 335.80 (-2.00) us$ s$ US$ (S$ per US$) 1.261 (US$/S$ per 1.573 1.983 EURO (US$/S$/E) 1.314 1.656 Foreign currency per US$ S$ YEN 80.80 64.10 RM 3.029 2.403 HK$ 7.763 6.159 BAHT 30.79 24.42 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon Public transport should stay a private matter: Tuck Yew
    750 1  -  By JOYCE HOOI [SINGAPORE] Transport Minister Lui Tuck Yew yesterday defended the country’s model of privately run public transport operators in Parliament. “Our current model leaves the operations of trains and buses to commercial entities as we believe the long term
    FILE PHOTO  -  750 words
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      84 1 BizIT BackOffice goes on Asian expansion drive PAGE 29 *****1 *****4 i DO BETTER IF POSSIBLE, AND THAT IS ALWAYS POSSIBLE... Francois Constantin, Turin, Italy, 1819. www. vacheron-constanti n .com FOUNDED IN 1755, ON AN ISLAND IN LAKE GENEVA ANDSTILLTHERE. VACHERON CONSTANTIN Manufacture Horlogere, Geneve, depuis 1755. SSk km r.ffl
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      38 1 COMPANIES HSBC sells general insurance businesses PAGE 6 WOMEN AT WORK S’pore has more women in senior finance I PAGE 4 Women on top all in the family I PAGE 12 Bigger representation in business I PAGE 13
      38 words
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      8 1 COMMENTARY Romney nomination will favour Obama PAGE 25
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      8 1 PROPERTY KTC Group launches first project PAGE 32
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      548 2 GLP eyes US$1 b Tokyo spinoff of Japan properties GLOBAL Logistic Properties is preparing to list at least some of its Japanese warehouse properties in Tokyo in the next few months. The initial public offer may raise as much as US$1 billion, Bloomberg reported. FRONT PAGE Morgan Stanley
      548 words
    • Article
      Lock icon Morgan Stanley secures wholesale banking licence
      447 2  -  Company now set to expand its private banking business in Singapore By SIOW LI SEN [SINGAPORE] Morgan Stanley has received a wholesale banking licence, paving the way for it to accept deposits to help expand its private bank business, and more critically, boost its
      447 words
    • Article, Illustration
      Lock icon 1 M’sia buys Krishnan’s global power assets
      481 2  -  By S JAYASANKARAN in Kuala Lumpur 1 MALAYSIA Development (1MDB), a state-owned strategic development firm set up by Prime Minister Najib Razak, yesterday announced that it had acquired the global power assets of Malaysian tycoon T Ananda Krishnan last Friday for RM8.5 billion
      481 words
    • Article, Illustration
      Lock icon China to raise imports of commodities
      572 4  -  Analysts are upbeat following decision; outlook is robust despite lower target By KENNETH LIM [SINGAPORE] China said yesterday that it will raise imports of energy and raw materials in 2012, easing concerns about the impact of the country’s lowered growth target on commodity demand.
      AP  -  572 words
    • Article
      Lock icon Rising oil price only threat to recovering US economy
      697 4  -  By ROB CURRAN ECONOMISTS have stopped worrying about another bust and learned to love the economic boom. For three years, the US economy resembled an articulated (General Motors) lorry labouring up a steep hill, unable to speed up from a crawl.
      697 words
    • Article, Illustration
      Lock icon Private-sector job creation quickens
      586 4 LATEST US DATA AP [NEW YORK] The pace of job creation by US private employers accelerated in February, reinforcing hopes that tomorrow’s broader payrolls report would confirm the labour market recovery has moved into a higher gear. The private sector added 216,000 jobs last month, the
      AP; AFP  -  586 words
    • Article
      Lock icon S’pore has more women in senior finance roles
      562 4  -  Survey: 28% of CFOs in S’pore listed firms are women By LYNETTE KHOO [SINGAPORE] While it could be said that women are typically under-repre-sented in senior finance roles, the picture here looks less dire than elsewhere. A recent survey by KPMG in
      562 words
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      195 2 IN TROUBLED TIMES, CONSUMERS RETREAT TO REPUTABLE, TRUSTED BRANDS. Richard Branson Thursday, 29 March 2012, Sands Expo Convention Center Singapore Brand Conference £9* Mr Ng Yeau Chong Chief Operating Officer Viking Offshore Marine Lfd BRANDING THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION MARKETING I TECHNOLOGY OPERATIONS Singapore Brand
      195 words
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      168 3 www.vw.com.sg A P m The Sharan. The ultimate MPV. Class-leading performance. The Sharan has a 2.0 TSI engine with 200 bhp and a 6-speed DSG gearbox giving it a 0-100 km/h time of just 8.3 seconds. And it still has amazing fuel economy of 11.9 km/L. More space, comfort and
      168 words
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      142 4 HONGS KONGil 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. You
      142 words
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      329 5 oridian premium FREEHOLD a d O m m e a e c -,V s i. Hu L m k m i m I m i i X$k m: sag a 3ea ■.■ci m. s? i y£'V m ■v. tW u 7 T I LC E »s '*WBSW- -*9-. r tefcsa
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon HSBC sells general insurance businesses
      550 6  -  It sells operations in Asia, Latin America to AXA, QBE for US$914m By BRYAN KOH HSBC Holdings has entered into agreements to sell its general insurance businesses in Asia and Latin America to AXA Group and QBE Insurance Group for US$914 million. This divestment by
      BLOOMBERG  -  550 words
    • Article
      Lock icon Harder for PE funds to gain majority stakes
      523 6  -  By JAMIE LEE PRIVATE equity (PE) funds looking to invest in South-east Asia may have to settle for minority stakes in target companies rather than a coveted majority control, according to industry players. This comes as growth companies here are run by
      523 words
    • Article
      Lock icon Glencore paid US$174m for Itochu’s Chemoil stake
      510 6  -  This works out to about 35.89 US cents a share By RONNIE LIM GLENCORE splashed out US$174 million in cash to buy out Japanese oil trader Itochu from Singapore-list-ed Chemoil, the Swiss commodity giant disclosed this week when it unveiled its FY2011 results.
      510 words
    • Article
      Lock icon S$ perpetual bond sales at record high
      568 6 Bloomberg COMPANIES are selling Singapore dollar-denominated bonds with no fixed maturities at the fastest pace on record as low interest rates spur investors to hunt for higher yields. Mapletree Logistics Trust began marketing a sale of perpetual notes to yield in the mid-5
      Bloomberg  -  568 words
    • Article, Illustration
      Lock icon Wilmar mulls over buying more of Goodman Fielder
      706 6 Investors in Aussie baking company could reap 31% return Bloomberg [HONG KONG] Wilmar International Ltd, the world’s largest palm oil trader, is giving investors in Goodman Fielder Ltd the chance for a 31 per cent return as it considers an expansion into
      Bloomberg; BLOOMBERG  -  706 words
    • Article
      Lock icon New ETF on SGX for ethically conscious investors
      391 6  -  By EDWIN LOH ETHICALLY conscious investors will have a new tool with which to tweak their portfolios as CIMB-Principal Asset Management (S) launches a new exchange-traded fund (ETF) on the Singapore Exchange (SGX) today. The CIMB S&P Ethical Asia Pacific Dividend Exchange
      391 words
    • Article, Illustration
      Lock icon Cordlife Group eyes listing on mainboard
      490 7  -  It intends to use proceeds to further develop its business in S’pore, abroad By LYNN KAN AFTER a dry spell of many months, the Singapore Exchange will get a fresh infusion of life with the planned listing of Cordlife Group Ltd on its mainboard.
      FILE PHOTO  -  490 words
    • Article
      Lock icon Tiger Airways makes Sydney its second home in Australia
      503 7  -  By VEN SREENIVASAN A DAY after announcing that it had been given the green light by Australian aviation regulators to almost double its flights in the country, Tiger Airways Australia unveiled Sydney as its second base in the country. Tiger’s Sydney
      503 words
    • Article
      Lock icon TCT’s Beijing Logistics Park up for sale
      228 7  -  By CARINE LEE TREASURY China Trust’s (TCT) development property, Beijing Logistics Park, has been placed on the market for sale, its trustee manager, Treasury Holdings Real Estate Pte Ltd, said yesterday. This follows the achievement of a 100 per cent leasing pre-commitment for
      228 words
    • Article
      Lock icon Sino Techfibre lists steps taken to protect assets
      474 10  -  Queried on audit disclaimer, it says it’ll work to resume share trading By LYNETTE KHOO SINO Techfibre has taken several steps to safeguard its assets since discrepancies were uncovered by its auditors and is now working towards resuming trading of its shares.
      474 words
    • Article, Illustration
      Lock icon Cortina buying seven Adelphi units for $20m
      400 10  -  Watch retailer has up till June 13 to exercise options By EMILYN YAP CORTINA Holdings is buying seven units at The Adelphi for $20 million to house its headquarters. The luxury watch retailer said yesterday that it inked seven conditional option agreements with
      ARTHUR LEE  -  400 words
    • COMPANY BRIEFS
      • Article
        Lock icon Dalian project: C&G is first preferred bidder
        94 10 C&G Environmental Protection Holdings has been selected as the first preferred bidder of the Dalian waste-to-energy (WTE) project. As first preferred bidder, C&G will proceed with negotiation with the Dalian authorities to finalise the terms and conditions of the project agreements. The Dalian
        94 words
      • Article
        Lock icon Lafe issued writ of summons for US$5.7m
        88 10 LAFE Corporation said GE Commercial Finance (Hong Kong) Limited has issued a writ of summons against the company for the sum of US$5.74 million. Lafe said the writ of summons in the High Court of Hong Kong Special Administrative Region Court of First
        88 words
      • Article
        Lock icon Boustead unit wins $12m building contract
        61 10 BOUSTEAD Singapore’s wholly owned subsidiary Boustead Projects Pte Ltd has secured a $12 million contract to design and build a logistics facility for Hafary Centre Pte Ltd. The facility, which will have a gross floor area of 14,600 square metres spread across two floors,
        61 words
      • Article
        Lock icon Vicplas Int’l HY 2012 earnings fall 60.1%
        91 10 VICPLAS International’s net earnings for the fiscal half year ended Jan 31, 2012, dropped 60.1 per cent year on year to $1.18 million. Turnover decreased 12.4 per cent to $32.36 million from a year ago, when it enjoyed a one-off order by a
        91 words
      • Article
        Lock icon Feb iron ore futures at record high: SMX
        67 10 Reuters THE volume of iron ore futures contracts traded on the Singapore Mercantile Exchange (SMX) rose to a record of 1.48 million tonnes in February, the bourse said yesterday, reflecting active interest from Chinese and Indian players. Comparatively, rival Singapore Exchange cleared
        Reuters  -  67 words
      • Article
        Lock icon Dubai Mercantile Exchange CEO quits
        49 10 Bloomberg THOMAS Leaver resigned as chief executive officer of Dubai Mercantile Exchange Ltd to pursue other interests after working there for six years, the United Arab Emirates-based company said yesterday in a statement. A committee will oversee the search for a replacement, it said.
        Bloomberg  -  49 words
    • Article
      Lock icon Ezion clinches US$65.7m liftboat charter contract
      386 10 EZION Holdings has secured a charter contract worth US$65.7 million over a four-year period to provide a liftboat to be used by a state-linked power generation enterprise in China. Ezion did not identify the Chinese enterprise in its announcement yesterday. But it did say
      386 words
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      191 7 Tl M BLESS INVESTMENT WORTH A LI FETIM E B I Z C NEW LAUNCH FREEHOLD s gigs-,, i >*ii •H I pc c '.i-.r fa w i’:i!i )’iin ■’r /-> A- :V -IM r ■< r. i i r r1 -ifno i **,Ui V. N T NO ADDITIONAL BUYER’S
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Correction continues into 2nd day
      595 8  -  The STI spent the session tracking the Hang Seng Index which weakened 0.9% STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI), which had already taken a 2 per cent or 60point hit on Tuesday ahead of the blowout in Western markets that day,
      Source: Bloomberg  -  595 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Mar 7 VALUE CLOSE BT OB/OS -667.00 +141.0 BT CADI -*****.00 +71.0 BT 10-day MA -*****.00 -67.00 FTSE ST Mid Cap 675.81 -2.77 FTSE ST Small Cap 454.02 +3.28 FTSE ST All Share 705.79 -3.70 FTSE ST China Top 221.48 -1.69 FTSE ST China 249.19 -1.38 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 72 42 34 5 8 9 77 50 43 Commerce 24 17 14 2 4 4 26 21 18 Tpt/Stor/Comms 19 14 7
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      980 8  -  Compiled by JAMIE LEE Singapore Airlines March 7 close: $10.82 PHILLIP SECURITIES RESEARCH, March 7 THE Singapore Airlines (SIA) Group comprises three main business segments: passenger, cargo, and aviation MRO (maintenance, repair, and operations) services. The parent company, SIA, operates more than 100 aircraft to a global network
      980 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,117 26,117 108,048 108,048 Manufacturing 421,179 42,043 463,222 340,715 613 341,327 Commerce 142,848 5,858 148,706 170,634 484 171,118 Tpt/Stor/Comms 164,693 10,889 175,582 219,783 1,806 221,589 Finance 22,325 22,325 203,369 203,369 Construction 140,943 13,723 154,666 16,858
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.475 -0.005 CapitaLand 2.880 -0.060 CapitaMall 1.790 -0.030 CityDev 10.690 ComfortDelGro 1.520 -0.010 DBS Grp 13.880 -0.120 F&N 6.600 -0.030 GLP 2.130 +0.050 Genting SP 1.580 +0.010 Golden Agri 0.700 HK Land 5.620 -0.010 JMH 50.430 -0.170 JSH 30.850 -0.290 Jardine
      112 words
    • Article, Illustration
      Lock icon Euro edges up after falling on Greek fears
      318 8 CURRENCIES AFP [TOKYO] The euro edged up against the US dollar and yen in Asia yesterday after plunging overnight on worries over the Greek debt swap and a warning of a mild eurozone recession. The euro was trading at US$1.3137 and 106.10
      AFP; REUTERS  -  318 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME UPP 166,879,000 UniFiber 87,588,000 Golden Agri 64,838,000 Noble Grp 60,049,000 Genting SP 53,765,000 MDR 52,736,000 Artivision 45,356,000 HPH Trust US$ 33,575,000 Yoma 32,665,000 Yangzijiang 29,851,000 VALUE($) Wilmar 97,199,780 Genting SP 84,645,235 Noble Grp 80,736,050 Keppel Corp 70,135,838 SembMar 65,764,440 SingTel 63,993,930 DBS Grp 61,020,170 UOB 54,488,660
      56 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3869 56.7 1.2 SIA 200 1085 30.0 2.8 SIA 1082 27.0 2.6 Creative Tech 382 19.0 5.2 UOB 5.05%NCPS 100 ***** 17.0 0.2 Great Eastern 1496 11.0 0.7 STXOSV 168.5 7.0 4.3 Goodpack 164.5 5.5 3.5 DesignStudio 51 5.0 10.9 GLP
      106 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -317.5 -2.4 GLD 10US$ ***** -298.6 -1.4 DBXT E50 10US$ 3628 -257.1 -5.3 IS S&P500 ***** -239.4 -1.4 DBXT FTChina25 10US$ 2810 -211.7 -5.6 Lyxor MS India 10US$ 1332 -123.5 -6.9 DBXT MSKorea 10US$ 5745 -60.5 -0.8 UOB.ES.1203 1749 -51.0 -2.8
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      101 9 A W 1 fwm. w Ml A f/A m k r NOT THE MALL. Sunlit atriums for dreamy browsing,wide walkways to link your favourite boutiques. At Paragon, you'll spend less time looking for the things you love, and more time deciding between them instead. A/X Armani Exchange agnes b VOYAGE
      101 words
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      1479 10 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLECTRON GLOBAL SERVICES SINGAPORE PTE. LTD. Co. Reg. No. *****5198N (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a
      1,479 words
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      265 10 SAP INDIA (HOLDING) PTE. LTD. SAP ASIA PTE LTD NOTICE is hereby given that SAP India (Holding) Pte. Ltd. (“SAP India Holding Singapore”) and SAP Asia Pte Ltd (“SAP Asia Singapore”) intend to amalgamate and continue as one company, being SAP Asia Singapore and that “SAP Asia Pte Ltd” will
      265 words
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      72 11 AS OUR DISPLAYS HOLD YOUR ATTENTION, LET OUR MUSIC MOVE YOUR FEET. Luxury isn't replacing elevator music with a jazz quartet. Its keeping you upbeat as you wait for a friend who's been running late for the last three songs. Music EnVogue: Jose Gomez Hernandez 29 Feb -12 Mar Hazrul
      72 words
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  • WOMEN AT WORK
    • Article, Illustration
      Lock icon Women on top – all in the family
      1300 12  - Women on top all in the family More daughters are involved in managing family businesses in recent years, report JOSHUA TAN and LIM WEI SHENG report JOSHUA TAN and LIM WEI SHENG WOMEN may be making little headway in corporate boardrooms here, but they appear to be leaving their mark
      FILE PHOTO  -  1,300 words
    • Article, Illustration
      Lock icon ToTT: a place for the family – and more
      767 12  - ToTT: a place for the family and more By JOSHUA TAN MERITOCRACY rules in today’s competitive corporate world, and the traditional view that family businesses would naturally be run by one’s children is not true, says Grace Tan, marketing manager of Sia Huat Pte Ltd as well as store manager
      FILE PHOTO  -  767 words
    • Article, Illustration
      Lock icon A rare catch in a male dominated industry
      640 12  -  Doris Toh was undaunted despite facing an uphill task By LIM WEI SHENG BEING the head of a family business was never on the cards for Doris Toh, group general manager of Siow Chiang Co Pte Ltd since 2008. In fact, she
      640 words
    • Article, Illustration
      Lock icon Bigger representation in business
      1467 13  -  In view of high female-male graduate ratio in business disciplines, firms should adopt policies to attract and retain women By ANG FUNG FUNG and MAK YUEN TEEN Ang Fung Fung is partner, KPMG Singapore, and Singapore co-chair ofWomenCorporateDirectors, and Mak Yuen Teen is head of research.
      Source: KPMG  -  1,467 words
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      210 13 Invitation to the Business Meeting Programme There will be a 12-member Maritime Marketing Mission from Malaysia to Singapore on 13-16 March 2012. Objectives of the mission are to explore business opportunities, promote Malaysia’s maritime capabilities and strengthen the business relationship established among the maritime business communities of both countries. In
      210 words
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      129 13 The Leading Global Finance Master Degree Program ffljHKUST BUSINESS SCHOOL NEW YORK UNIVERSITY Ster^j sSSf* m V C V. m mm ?on mat yrz 5 < Master of Science in Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern
      129 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Carrots and sticks for cars next year
      676 14  -  New scheme gives rebates for low emissions but slaps surcharges for high BUDGET DEBATE By JOYCE HOOI IF a 4.5-litre Ferrari 458 Italia is on your shopping list next year, you might just have to rummage around for $20,000 more in small change,
      676 words
    • Article
      Lock icon Committee to pilot Changi Airport into the future
      252 14  -  By EDWIN LOH THE Ministry of Transport (MOT) will set up a mul-ti-agency committee to steer Changi Airport’s flight into the future. The Changi 2036 Steering Committee will provide “strategic direction” for the future development of the airport, announced Minister of State
      252 words
    • Article
      Lock icon Subsidies for long-term care of patients
      476 14  -  Govt plan to benefit those at home or in community hospitals By JASMINE NG HEALTH Minister Gan Kim Yong wants to focus on developing long-term care for patients in their own homes or in the community to cope with Singapore’s ageing population. Hence, the
      476 words
    • Article
      Lock icon Singapore needs to develop local maritime talent
      313 14  -  By By LYNN KAN MORE must be done to develop a “core of local maritime talent” for Singapore to forge ahead as an international maritime centre. Minister of State for Transport, Josephine Teo, yesterday said that 75,000 out of the 170,000 workers in
      313 words
    • Article, Illustration
      Lock icon Minister opens 3D chip packaging facility
      361 14  -  By EVE YEO MINISTER for Trade and Industry Lim Hng Kiang yesterday opened the Centre of Excellence in Advanced Packaging, the most advanced wafer-level packaging laboratory of its kind in the world. A collaboration between Applied Materials and the A*STAR Institute of Microelectronics, the
      LIANHE ZAOBAO  -  361 words
    • Article
      Lock icon Big car COE rises to $79,304 while others slip a little
      384 14  -  Dealers say premiums would have been higher but for a glitch that slowed bidding By VEN SREENIVASAN DESPITE a technical glitch which, dealers say, prevented more applications from being submitted, Certificates of Entitlement (COE) premiums for big cars hit
      384 words
    • Article
      Lock icon Taxi firms have to bulk up and shape up by Oct 1
      413 14  -  By JOYCE HOOI TAXI companies will have to go big or go home. The Land Transport Authority (LTA) will be raising their minimum fleet size from 400 to 800 taxis, it said yesterday. Existing taxi companies have to
      413 words
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  • ECONOMY WATCH
    • Article
      Lock icon Aussie growth falls short of forecasts
      490 15 Q4 GDP up mere 0.4%, Aussie dollar slips half a cent Reuters [SYDNEY] Australia’s re-source-rich economy grew at half the rate expected by analysts in the last quarter, as business spending slipped from record highs, knocking the local dollar lower and keeping alive the
      Reuters  -  490 words
    • Article
      Lock icon Extreme poverty down in spite of recession: World Bank
      507 15 NYT [WASHINGTON] A World Bank report shows a broad reduction in extreme poverty and indicates that the global recession, contrary to economists’ expectations, did not increase poverty in the developing world. The report shows that for the first time, the proportion
      NYT  -  507 words
    • Article
      Lock icon Oil creeps toward top of Asia’s worry list
      496 15 Region is seen as more vulnerable to oil shock as it is now largest consumer Reuters [SYDNEY] High oil prices are fast replacing Europe as the biggest danger to growth in Asia, threatening to smother consumer demand while taking a knife to
      Reuters  -  496 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesian court jails ex-Citibank manager over fraud
      422 16 Reuters [JAKARTA] An Indonesian court yesterday convicted a former relationship manager with Citibank of money laundering in a case involving Ferraris bought with ill-gotten cash that powered the lifestyles of a glam-our-hungry clique. A district court in South Jakarta sentenced Inong Malinda Dee,
      Reuters; AP  -  422 words
    • Article
      Lock icon Q4 loss, resignations take fizz out of China Ouhua
      547 16  -  CFO, two IDs quit as the wine firm posts RM6m loss during profit-making period By PAULINE NG By in Kuala Lumpur FOR investors of China Ouhua Winery Holdings Ltd, its recent stock exchange filings were most dispiriting. The Shandong-based wine producer
      547 words
    • Article
      Lock icon Indonesia limits foreign stakes in mines
      210 16 Bloomberg [JAKARTA] Indonesia, South-east Asia’s largest economy, will limit foreign companies from owning more than 49 per cent of some mines, potentially limiting investment in the world’s largest thermal-coal and tin exporter. The government will require foreign holders of mining business licenses to reduce
      Bloomberg  -  210 words
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      401 16 Free Lifetime Map Updates entitle you to receive up to 4 map data updates per year for Garmin nüvi 2575RLM, nüvi 2565LM, nüvi 2465LM, and nüvi 50LM. The map updates are valid for the Singapore’s and Malaysia’s geographic map. IT SHOW 2012 8 11 March 2012 12pm 9pm Suntec Singapore
      401 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon US trade bill goes against global rules, says Beijing
      741 17 China won’t adjust yuan value to help Washington tackle its trade deficit Reuters [BEIJING] A US trade bill targeting China goes against international rules and Beijing will not adjust the value of its currency to compensate for Washington’s failure to take
      Reuters; PHOTO: BLOOMBERG  -  741 words
    • Article
      Lock icon SCCCI mission visits west India’s industrial cities
      355 17  -  Places covered include Ahmedabad, Mumbai and Pune By MALMINDERJIT SINGH [SINGAPORE] Catering to an increasing interest from Chinese-owned companies in Singapore to tap business opportunities in India, a mission from the Singapore Chinese Chamber of Commerce Industry (SCCCI) visited the big industrial cities
      355 words
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      83 17 SPORE <- 5hrs -> KUL www.FIRSTCOACH.com.my Buy ONLINE now! 40 TRIPS DAILY! 0730, 0745, 0800, 0830, 0930, 1000, 1045, 1100, 1130, 1230, 1430, 1445, 1500, 1530, 1630, 1700, 1830, 1845, 1900, 2030 Fares from $33 Iway to $60 2way Fixed fares, no peak surcharge Child 50% off Seats with VOD
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      120 17 NANYANG TECHNOLOGICAL UNIVERSITY iN x° 6X 20 x NTU. One of the fastest-rising universities in the global Top 100. It’s the annual NTU Open House and you are invited to Singapore’s largest and greenest university campus. Meet the NTU Provost, professors and students, find out about the courses offered, go
      120 words
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  • WORLD
    • Article, Illustration
      Lock icon Romney tightens grip on nomination
      773 18 But few analysts see Super Tuesday as a stunning success for him AFP [BOSTON] Mitt Romney edged out rival Rick Santorum in a nail-biter vote in Ohio as he tightened his grip on the 2012 Republican presidential nomination with a string of Super Tuesday wins.
      AFP; Source: The Guardian, The New York Times  -  773 words
    • Article
      Lock icon Private investors agree to Greece debt swap
      641 18 AP Bloomberg [BRUSSELS] Private investors holding some 95 billion euros (S$157 billion) in Greek bonds said yesterday that they will participate in a massive debt relief for the struggling country, bringing Athens closer to avoiding default. Societe Generale SA, France’s second-biggest bank, Assicurazioni
      AP; Bloomberg  -  641 words
    • Article
      Lock icon Asia’s defence spending to eclipse Europe
      329 18 AFP [LONDON] Military spending in Asia will top that in Europe for the first time this year, a London-based think-tank said yesterday in its annual assessment of the strength of the world’s armies. The International Institute for Strategic Studies (IISS) said shifts in global
      AFP  -  329 words
    • Article
      Lock icon German factory orders slip in January as demand falls
      378 18 Bloomberg [LONDON] German factory orders unexpectedly declined in January as foreign demand for investment goods such as machinery slumped. Orders, adjusted for seasonal swings and inflation, fell 2.7 per cent from December, when they gained 1.6 per cent, the economy ministry
      Bloomberg  -  378 words
    • Article
      Lock icon RBS to operate independent of govt interference
      381 18 The UK government owns 82% of RBS after 2008 bailout Reuters [LONDON] Britain’s Royal Bank of Scotland (RBS) will continue as a major commercial player in the UK banking sector without government interference, Prime Minister David Cameron’s spokesman said yesterday. The British government
      Reuters  -  381 words
    • Article
      Lock icon Lehman Brothers emergesfrom bankruptcy
      379 19 It will acquire more freedom in selling assets to repay debt Reuters [NEW YORK] One-time financial powerhouse Lehman Brothers emerged from bankruptcy on Tuesday and is now a liquidating company whose main business in the coming years will be paying back its creditors and investors. Lehman,
      Reuters  -  379 words
    • Article
      Lock icon Top 20 richest lost US$11.3b in a day
      578 19 Bloomberg [NEW YORK] The 20 richest people on Earth lost a combined US$11.3 billion on Tuesday as global markets fell after European economic growth slowed and investors weighed Greece’s chances of getting bondholders to accept a debt swap. Warren Buffett’s fortune fell
      Bloomberg  -  578 words
    • Article
      Lock icon Goldman Sachs tops in investment banking fees
      699 19 Bankers cautiously optimistic about this year after M&A fell in H2 of last year Bloomberg [NEW YORK] Goldman Sachs Group came in first in Bloomberg Markets’ eighth annual ranking of the best-paid investment banks the Bloomberg 20 by the fees they earned for
      Bloomberg  -  699 words
    • Article, Illustration
      Lock icon Hacker-turned-mole helps Anonymous leaders’ arrest
      588 20 Monsegur, alias ‘Sabu’, became an FBI informant after his arrest last June Reuters [NEW YORK] One of the world’s most-wanted hackers secretly became an FBI informant last year, providing evidence that led to charges on Tuesday against five other suspected leaders of the Anonymous international
      Reuters; AP  -  588 words
    • Article
      Lock icon Washington probes Libor and other rates
      384 20 Bloomberg [WASHINGTON] The US government is conducting a criminal investigation into suspected manipulation of benchmark interest rates. The Justice Department said this in a letter to US District Judge Naomi Reice Buchwald in Manhattan. Made public on Tuesday, the Feb 27 letter to the
      Bloomberg  -  384 words
    • Article
      Lock icon Olympus and former execs indicted
      275 20 Bloomberg [TOKYO] Olympus Corp, the Japanese camera and endoscope maker that admitted a 13-year accounting fraud, and six individuals were indicted by prosecutors for falsifying securities reports, increasing concern that the probe may widen. Former chairman Tsuyoshi Kikukawa, former executive vice-president Hisashi Mori and ex-audit-ing
      Bloomberg  -  275 words
    • Article
      Lock icon Japanese official soothes fears over Fukushima
      324 20  -  By ANTHONY ROWLEY in Tokyo A SENIOR Japanese government official yesterday gave the most explicit assurance to-date that badly damaged reactors at the Fukushima Daiichi nuclear power plant are safe from further emergencies, despite a recent scare that one of them might be running
      324 words
    • Article
      Lock icon US firms in bankruptcy again – and again
      618 20 US firms in bankruptcy again and again Huge debt loads mean higher chance of defaulting again Reuters [NEW YORK] Bankruptcy can be just about as traumatic as it gets for a company, its employees, customers and suppliers. The only thing worse? Going through it again, and again. The number of
      Reuters  -  618 words
  • Page 18 Advertisements
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      194 18 C&M? www.agaitech.com IT SHOW 2012 Booth no. 6216, Level 6. Level 6 INaviCom Booth no. 6216 8 11 MAR 2012 SUNTEC SINGAPORE Level 6, NO.6216 12PM 9PM FREE ADMISSION JF Learn sssd Robotic Vacuum Cleaner Ultra Silence Feel the Comfort with Smart, Powerful and Quiet Home Cleaning fmmODUCTORY OFFER i
      194 words
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      156 19 p c ?■< 4c t' 'V 4* c <, mu -O m Yf f’ n -r* M 5V w* »S»2 '7 -i ic **5; lxr:~Z'.”Z 33SE "V;sss; 335 w ;m*x> •JriSSl V*2 k\ 7. V-W SK lain Percy, Olympic sailor For me, the secret to winning isn't about some kind
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      172 20 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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      138 21 0%> ROS ROTATING OFFSHORE SOLUTIONS PTE LTD Tuas South Ave 8 T+65 6778 8271 F+65 6262 1215 www.ros.com.sg ROS'S NEW OFFSHORE WATERFRONT FACILITY EPCC SOLUTIONS FOR OFFSHORE FPSO Topside Modules Gas Compressor Packages Gas Generator Packages Fire Water Pump Packages Refrigeration Packages Dew Point Controller Packages Zone 2 Compliant Diesel
      138 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AirAsia’s decade of unbroken success and expansion ends
      625 22 It’s pulling London, Paris, Delhi flights this month, after Mumbai in January AFP [KUALA LUMPUR] After a decade of unbroken success, expansion and accolades, budget airline pioneer AirAsia and its flamboyant boss, Tony Fernandes, have been brought down a little closer to
      AFP; AP  -  625 words
    • Article
      Lock icon Surplus of tankers stays at year’s high for 2nd week
      352 22 Bloomberg [LONDON] A surplus of the largest oil tankers competing to load crude at Persian Gulf ports remained at this year’s highest level for a second consecutive week. There are 10 per cent more very large crude carriers available for
      Bloomberg  -  352 words
    • Article, Illustration
      Lock icon Boeing partners Comac on fuel efficient technologies
      380 22 Bloomberg [NEW YORK] Boeing Co will work with Commercial Aircraft Corp of China on fuel-efficient technologies after forming a partnership with a planemaker that’s mounting a challenge in the world’s fastest-growing aviation market. A jointly funded research centre in Beijing will study ways
      Bloomberg; AFP  -  380 words
    • Article
      Lock icon Demand for medium-range product tankers to rise this year
      632 22 Bloomberg [LONDON] The richest investors in shipping are buying petrol tankers, anticipating that fuel demand will expand faster than the fleet for the first time in nine years. Global shipments will jump 4.3 per cent in 2012 as vessel capacity gains
      Bloomberg  -  632 words
  • Page 22 Advertisements
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      614 22 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) With the continuing increase in bunker costs, the following feeder operators will henceforth be recovering further increases in bunker costs through a Bunker Adjustment Factor (BAF). With effect from 21 March 2012, the following BAF (for Laden SOC
      614 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      310 22 CRYPTIC CROSSWORD Across 1 Fool somehow atoning accepting one mission (11) 10 Restful place, old, unaltered (5) 11 Left paper behind minister’s responsible for it (9) 12 TV programme like this a frivolously entertaining time (4,5) 13 Toast introducing one person in charge (5) 14 Having power in two-wheel-er cleaned
      310 words
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  • Article
    Lock icon The Business Times Shipping Times
    2382 23 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
    2,382 words
  • Page 23 Advertisements
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      32 23 Attn: Jane Fax: *****110 R urgently needed by shippers Oen -they find your services here in -the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business times Shipping Times
      32 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Post-elections, India must speed up reforms
      539 24 EDITORIAL IT is not just India’s ruling Congress party that will be doing some serious strategy review in the aftermath of its poor showing in the state elections, the results of which were released on Tuesday. After the anchor party in India’s coalition government
      539 words
    • Article, Illustration
      Lock icon Fukushima anniversary needs dose of accountability
      786 24  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own A YEAR after an earthquake in Japan touched off the worst nuclear crisis since Chernobyl, here’s the question on my mind: Who’s going to jail?
      786 words
    • Article, Illustration
      Lock icon Harnessing full potential of women in labour force
      1044 24  -  Employment and fertility rates are higher in countries that think progressively By THERESA W DEVASAHAYAM, SRI RANJINI MEI HUA The writers are, respectively, fellow and gender studies programme coordinator, and research associate at the Institute of South-east Asian Studies INTERNATIONAL Women’s Day
      FILE PHOTO  -  1,044 words
    • Article, Illustration
      Lock icon Romney nomination will favour Obama
      1230 25  -  His Wall Street-made wealth and performance during primaries only helped to accentuate his negatives to voters LEON HADAR Washington Correspondent HERE is a central political paradox of this American presidential election season: The more Republican presidential candidate Mitt Romney gets closer to winning his party’s
      AP  -  1,230 words
    • Article, Illustration
      Lock icon Bid for top World Bank job could spring some surprises
      885 25  -  ANTHONY ROWLEY Tokyo Correspondent WHO will be the new president of the World Bank, replacing its outgoing head, Robert Zoellick, whose term is due to expire on June 30? An announcement from the White House is more or less imminent
      AP  -  885 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2956 26 Transaction date: Mar 7 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 88 51 ABR Hldgs 81.5 unch 185 82 81 81 82 3.1 2.5 13.1 163.7 Last Quote Div
      2,956 words
    • Article
      Lock icon SGX CATALIST
      231 27 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 Smil 28
      231 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7268 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 1.04/ Aberdeen Asset Mgt Asia Limited Asian Smaller Cos!** .1 6327/ FM local Ccy Bond .0
      7,268 words
    • Article
      Lock icon GLOBALQUOTE
      206 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 32.5 AVJennings A36cd unch 12 36 36 34 37.5 3.6 9.7 2.9 93.7 46 25.5 Genting HK US$ US35 +0.5 5838 35.5 34 35 35.5 2304.6
      206 words
    • Article
      Lock icon SGX ETF
      879 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1026 -37 1 1031 1026 1026 1031 41 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.5 ***** ***** DBXT AUDCS
      879 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Mar 6 Index Change Change Change Change Change Change World Preliminary 888.0 -1.7 7.0 -1.4 4.5 -1.9 7.2 EAFE Preliminary 730.6 -2.0 7.1 -2.0 4.5 -2.5 7.2 Europe Preliminary 1079.0 -2.5 5.1
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 28 CRUDE OIL PRODUCTS Mar 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 122.27 -1.08 WTI (Near Mth) 104.83 -1.94 Dubai (1-Mth F) 119.10 0.31 Tapis blend 132.41 unch Minas 132.21 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 117.78 -1.11 Jet Kerosene 134.75 0.55 US$/barrel OpecOil Basket
      76 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      106 28 As on 06 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT APR2012 1705.60 1664.00 1672.00 582 CURRENCY AUD-USD FUT MAR2012 1.0623 1.0512 1.0520 26 EUR-USD FUT MAR2012 1.3211 1.3105 1.3117 ***** USD-JPY FUT MAR2012 81.36 80.95 80.63 3 BASE METAL
      106 words
    • Article
      Lock icon SGX FUTURES
      166 28 Mar 7 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 12 392.0 390.0 392.0 3 184 May 12 397.1 195 Jun 12 400.0 400.0 399.7 4 219 Jul 12 401.8 168 Aug 12 403.4 401.9 403.1 16
      166 words
    • Article
      Lock icon LONDON METALS
      65 28 Mar 6 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2192.00 *****5.00 3 months 2235.50 2288.00 Copper, Grade A(US$/tonne) Cash 8286.50 8501.00 3 months 8289.50 8505.00 Lead(US$/tonne) Cash 2037.50 2114.75 3 months 2068.00 2147.00 Nickel (US$/tonne) Cash *****.00 *****.25 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon CHICAGO BOT
      107 28 Mar 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1329.75 1319.25 1330.50 1310.00 May 12 1335.25 1325.00 1336.25 1315.25 Jul 12 1341.75 1332.25 1342.75 1323.00 Aug 12 1330.50 1322.00 1329.75 1316.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 52.92
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 28 Mar 7 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 5-Year N*****0Z 2.375 01-Apr-17 108.67 108.8 108.71 GOVERNMENT BONDS
      81 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      460 28 Mar 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5350 0 2397 Jun12 99.5400 0 846 Sep12 99.5100 0 138 Dec12 99.4750 0 1343 EUROYEN TIBOR FUTURES Mar12 99.6650 300 2098 Jun12 99.6650 0 1997 Sep12 99.6525 99.6525 99.6525 99.6650 0 683 Dec12 99.6650 0
      460 words
    • Article
      Lock icon LIFFE
      80 28 Mar 6 COCOA (£/tonne) Close Prev High/Low Mar 12 1450 1440 1473/1432 May 12 1476 1464 1497/1454 Jul 12 1490 1481 1508/1471 Sep 12 1499 1493 1516/1483 COFFEE(US$/tonne) Close Prev High/Low Mar 12 1952 2001 2001/1945 May 12 1955 2003 1998/1942 Jul 12 1944 1985 1978/1937 Sep 12 1953
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1354 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 204 25.00 26 Aztech Grp W*****3 0.3 -0.1 150 1 20 121 30.67 8 Baker Technology Ltd W*****6 3 -0.1 18 1 32 15 10.17
      1,354 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Mar 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.056 6.667 0.804 8.201 53.340 96.894 0.853 11.884 3.199 1.292 96.001 45.286 1.332 8.056 0.969 31.223 32.525 0.672 1.056 Canada 0.947 6.314
      470 words
    • Article
      Lock icon SIBOR
      59 28 Mar 7 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
      59 words
    • Article
      Lock icon PRECIOUS METALS
      136 28 Mar 7 GOLD(US$/oz) Mar 07 Mar 06 Hong Kong 1682.00 1705.00 Mar 06 Mar 06 Mar 05 London 1673.10 1703.26 1674.10 1704.03 Source: Thomson Reuters CAST BAR Mar 07 (S$) Selling Buying Kilobar *****.58 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 465 340 10gm
      136 words
    • Article
      Lock icon PALM OIL
      57 28 Mar 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3230.0 3217.0 3287.0 3208.0 118 1202 Apr 12 3227.0 3237.0 3280.0 3224.0 1958 ***** May 12 3225.0 3244.0 3274.0 3222.0 ***** ***** Jun 12 3225.0 3242.0
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      26 28 Mar 7 Open High Sett STI Mar 2906 2906 2907 SIMSCI Mar 336.5 337.8 335.8 Taiwan Mar 281.5 281.5 279.3 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Mar 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3308 1.3324 1.0561 1.0566 Canadian dollar 1.2606 1.2616 1.0004 1.0005 Euro 1.6553 1.6566 1.3136 1.3137 NZ dollar 1.0295 1.0315 0.8170 0.8180 Sterling pound 1.9818 1.9836 1.5727 1.5730
      154 words
    • Article
      Lock icon INTERBANK RATES
      161 28 Mar 7 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
      161 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Mar 7 S$ Bid Offer 1-month 1.2601 1.2610 2-months 1.2601 1.2610 3-months 1.2600 1.2609 6-months 1.2590 1.2601 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Mar 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.366 1.301 Can dollar 1.285 1.236 Euro 1.687 1.623 Sterling pound 2.021 1.944 NZ dollar 1.056 1.006 US dollar 1.281 1.232 Local dollars to 100 units of foreign
      121 words
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  • BizIT
    • Article, Illustration
      Lock icon BackOffice goes on Asian expansion drive
      616 29  -  The company’s CEO tells VICTORIA HO market is open and ready for services of the firm, which specialises in cleaning and making data ready for SAP projects VICTORIA HOmarket DATA-CLEANINGspecialist BackOffice Associates has embarked on an a gg ress i v e Asian expansion,
      616 words
    • Article
      Lock icon IT Show kicks off today, but no Apple products
      345 29  -  Event to showcase super-phones, Smart TVs, among others By VICTORIA HO THE annual IT Show opens today at Suntec City’s exhibition centre. The consumer gadget show, which will run until Sunday, is expected to draw a huge crowd as it has
      345 words
    • Article
      Lock icon From Android Market to Google Play Store
      239 29 AP [SAN FRANCISCO] Google’s digital marketplace for mobile applications, music, movies and books is unifying under a new name in an effort to spruce up the shopping experience. Beginning Tuesday, the Android Market is known as the Google Play Store. Google’s eBookstore and
      AP  -  239 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      387 29 s A In Singapore, data flow improves traffic flow. One of the most densely populated countries in the world, Singapore faced a significant challenge on their streets. Working with IBM, the Singapore Land Transport Authority implemented a system that uses sensors to collect real-time data and predict traffic scenarios with
      387 words
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  • PROPERTY
    • Article
      Lock icon UK developer Candy buys NY Plaza hotel penthouse
      437 30 Bloomberg [BERLIN] Christian Candy, the UK property developer whose company helped to build London’s One Hyde Park complex, bought a penthouse apartment in The Plaza hotel on New York’s Fifth Avenue, three years after another bidder walked away from a deal. The
      Bloomberg  -  437 words
    • Article
      Lock icon Househunt
      936 30 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 28 WITH CONTRACT DATES BETWEEN FEB 8 AND FEB 14, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alexis Apt 10/02/2012 FH 840 836 995 Alexis Apt 13/02/2012 FH 560 928
      936 words
    • Article, Illustration
      Lock icon US apartment purchases fuel recovery in commercial property
      969 30 Sales of apartment buildings hit US$3.8b in Jan, 53% more than a year before Bloomberg [NEW YORK] When Arenda Capital Management LLC bought an Atlanta apartment complex whose owners defaulted on a US$26 million loan, it did something distressed investors rarely do:
      Bloomberg; BLOOMBERG  -  969 words
    • Article, Illustration
      Lock icon Hotels, ski resort are last of Lehman assets
      549 31 A Ritz-Carlton and a posh Manhattan hotel among those to be sold in April AP [NEW YORK] The Ritz-Carl-ton Kapalua hotel in Hawaii, a luxury ski resort in the Rockies and a Manhattan boutique hotel are among the last holdings of Lehman
      AP; BLOOMBERG  -  549 words
    • Article, Illustration
      Lock icon US cuts mortgage costs in bid to boost housing
      740 31 Mortgage insurance premiums cut for home refinancing Bloomberg [WASHINGTON] The Federal Housing Administration will lower mortgage insurance premiums for borrowers who refinance their loans as part of President Barack Obama’s plan to improve the housing market. The FHA will reduce up-front
      Bloomberg; AFP  -  740 words
    • Article, Illustration
      Lock icon Construction firm KTC launches maiden project
      315 32  -  Meanwhile, 509-unit Sky Habitat at Bishan Central gets ready for launching By MINDY TAN CONSTRUCTION company KTC Group has made a foray into the property development business with its first project, Summer Scent, located at the junction of Hougang Avenue 2 and Upper Serangoon
      FILE PHOTO  -  315 words
    • Article, Illustration
      Lock icon Cambodia’s forests make way for China’s gambling resort project
      920 32 Reuters [BOTUM SAKOR, Cambodia] It was once the unspoiled jungle home for tigers, elephants, bears and gibbons. But today Botum Sakor National Park in south-west Cambodia is fast disappearing to accommodate a much less endangered species: the Chinese gambler. “This was
      Reuters; REUTERS  -  920 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      41 30 Reach out to prime international and local tenants with Savills Retail Lifestyle Leasing Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6836 6888 I savills.com savills AGENCY NO. L*****88B
      41 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      100 31 8 Nassim Hill (Luxury Home) 3 storey “Townhouse” Penthouse Freehold. Foreigners eligible Immediate Occupation Private Pool with Lawn Cobroke welcome ReAnne Leu 9183 3547 (Reg. No.: R*****2B) Estate Agent Licence No: L*****01G DTZ Debenham Tie Leung (SEA) Pte Ltd 5-mins Outram Park MRT Office Keong Saik Rd 1121 sqft. $50k
      100 words
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      Lock icon Page 31 Advertisements Column 2
      90 31 REFLECTIONS AT KEPPEL BAY WORLD-CLASS WATERFRONT PROPERTIES FOR SALE 2/3/475 Bedrooms Apts/Villas/Penthouses Resort Living with Amazing Views We have more than 100 units for your pick ReflectionsAtKeppelBay.info Eunice Chen *****460 CEA Reg. No. R*****6A h BBS I SUITES NEWTON Prime Location District 11 FH Price From $19xx psf Novena Newton
      90 words
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      Lock icon Page 31 Advertisements Column 3
      184 31 COLLECTIVE SALE BY TENDER (KOVAN COURT) Chomp Chomp Serangoon Garden io^ Subject Site f>o '<S<> Q ’Un, g s °o NDa ,v 'Gn 5" Serangoon Bus Interchange nex[| Serangoon MRT Interchange Heartland Mall Freehold Site: 2,420 sq m 26,050 sq ft Plot Ratio 1.4 up to 5 storeys No Development
      184 words
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