The Business Times, 3 April 2008

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Microfilm: NL28887
Total Pages: 36
1 36 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES Singapore 85 cents online at http://www.businesstimes.com.sg mm a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p) 122/12/2007 Thursday, April 3,2008
    21 words
  • Article, Illustration
    Lock icon Leng Beng urges nimble feet in shifting landscape
    941 1  -  KALPANA RASHIWALA CDL chief suggests review of land sales, rethink on deferred payment scheme By [SINGAPORE] The uncertainty surrounding the local property market will last at least another six months and stakeholders must stay nimble to deal with the changing tides, says
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  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 I COMP 1,239.65 -10.76 IIKKEI225 13,189.36 +532.94 IANG SENG 23,872.43 +734.97 ;et INDEX 825.71 +2.35 JAKARTA COMP 2,342.19 -51.06 IANILACOMP 3,048.31 +78.48 ;eoulcomp 1,742.19 +39.94 ;henzhen b 536.33 -0.03 IUMBAI IND 15,750.40 +123.78 12NOONEDT Change 12,676.59 +22.23 )OW IAS DAI 2,379.29 +16.54
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.25 INDONESIA 15.622 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 5.25 CANADA 5.25 SWITZERLAND 4.21 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      36 1 IS$ (S$ per US$) 1.382 (USS/SS )er£) 1.981 2.737 ;URO(US$/S$/E) 1.562 2.157 'EN 101.90 73.7I 3.188 2.307 IK$ 7.790 5.63! IAHT 31.55 22.83 lUPIAH 9,210 6,66! lENMINBI 7.019 5.081 INDIAN RUPEE 40.00 28.95 1.100 0.791
      36 words
  • Article, Illustration
    Lock icon DBS paid Jackson Tai $1.8m to stay out of its way
    476 1  -  CHOW PENN NEE Ex-CEO cannot poach staff or join a rival for 6 months By [SINGAPORE] The condition was that he would not join a competitor or poach current DBS staff for a period of six months. For that,
    476 words
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      3 1 8 *****1 *****4
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      46 1 Wednesday Change KLCOMP 1,239.65 -10.76 NIKKEI 225 13,189.36 +532.94 HANG SENG 23,872.43 +734.97 SET INDEX 825.71 +2.35 JAKARTA COM P 2,342.19 -51.06 MANILA COMP 3,048.31 +78.48 SEOUL COMP 1,742.19 +39.94 SHENZHEN B 536.33 -0.03 MUMBAI IND 15,750.40 +123.78 12NOONEDT DOW 12,676.59 Change +22.23 NASDAQ 2,379.29 +16.54
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      46 1 ff^J SINGAPORE 2010 US ECONOMY BizlT W. PROPERTY v Army man is YOG Bernanke: GDP may Mobile phone sales IBPi'^k^ Office occupancy ||S chief executive shrink in first half to hit 2.2 m V. still dipping ill Hk PAGE 2 PAGE 2 PAGE 32 PAGE 35
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  • TOP STORIES
    • Article
      Lock icon US economy could shrink in H1: Bernanke
      636 2 -AP He gives Congress no assurance of more rate cuts, defends Bear Steams rescue [WASHINGTON] Federal Reserve chairman Ben Bernanke warned Congress yesterday that the US economy may shrink over the first half of this year, which would signal the start of a
      -AP  -  636 words
    • Article
      Lock icon Purchasing index slips to lowest level in 5 years
      360 2 PMI dips into the contractionary zone in March, to 49.4 [SINGAPORE] While recent industrial output figures have been promising, one key manufacturing indicator has skidded. The purchasing managers' index (PMI) usually seen as an early barometer of manufacturing not only dipped
      360 words
    • Article
      Lock icon SMEs urged not to miss the YOG boat
      493 2 Olympics link offers global exposure, says Teo Ser Luck Reports by LEE U-WEN [SINGAPORE] While there is unlikely to be a shortage of multinational companies stepping forward to sponsor the 2010 Youth Olympic Games (YOG) in Singapore, one challenge faced by the
      493 words
    • Article, Illustration
      Lock icon YOG organising panel unveils chief executive
      508 2 [SINGAPORE] The army chief tasked with heading Singapore's relief efforts in the Indonesian tsunami disaster on Boxing Day in 2004 has just started work on his next major national project making sure Singapore is ready to host the inaugural Youth Olympic Games (YOG) in
      LIANHE ZAOBAO  -  508 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Motorola switching off handset unit here
        108 2 EMBATTLED mobile phone giant Motorola will pull the plug on its handset production unit in Singapore by the end of this year, a move which will result in a near one-third cutback of its local workforce. The company yesterday said it will start relocating
        108 words
      • Article
        Lock icon Jade Tech calls trading halt on row over status of shares
        77 2 JADE Technologies, the target of a general offer by its president Anthony Soh, called a share trading halt yesterday after it was told that the ownership status of a block of shares pledged by Dr Soh to failed Australian
        77 words
      • Article
        Lock icon Liquidity crunch will affect all banks: DBS chief
        63 2 FINANCIAL markets are still in an "unprecedented period of volatility", said DBS chairman Koh Boon Hwee on the sidelines of the bank's Annual General Meeting yesterday. He added that although Asian banks were less affected by the US sub-prime crisis, all banks
        63 words
      • Article
        Lock icon Apex-Pal outlets to hit 100 by year-end
        73 2 UNFAZED by rising food costs, Apex-Pal International said it is still expanding its global footprint of Japanese food outlets, with a target of 100 outlets by the end of this year, up from the existing 87. "Last year, we have been growing at
        73 words
      • Article
        Lock icon Job hopping, poaching drive up staff cost
        62 2 HIGH turnover rates here have driven up staff costs at several firms, according to a recent survey. Accounting firm Grant Thornton International's latest International Business Report found a balance of 78 per cent of privately held businesses in Singapore reporting higher staff costs,
        62 words
      • Article
        Lock icon Inflation threat dwarfs risk of global slowdown: ADB
        64 2 ASIA faces an "inflation spiral" brought on by multiple upward pressures on prices compounded by supply constraints, the Asian Development Bank warned yesterday. And the social and economic implications of the inflation threat overshadow even the dangers of a global slowdown sparked
        64 words
      • Article
        Lock icon India records fastest export growth in 4 months
        76 2 INDIA'S exports grew at the fastest pace in four months as companies sold more gems, jewellery, oil and other manufactured products in the overseas markets. February shipments, which account for about 15 per cent of India's US$9O6 billion economy, rose 35.3 per
        76 words
      • Article
        Lock icon Office occupancy dips for two consecutive quarters
        87 2 ISLANDWIDE office occupancy dipped in the first quarter of 2008, easing half a percentage point quarter-on-quarter to 97.1 per cent. The dip followed a 0.1 point drop in Q4 2007 from Q3. A report by DTZ Debenham Tie Leung also shows the average
        87 words
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      8 2 vSett" stuff ST O POST YOUR AD WWW.ST7OI.COM
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  • TOP STORIES
    • Article
      Lock icon Motorola switching off handset unit here
      462 3  -  WINSTON CHAI Almost 700 to lose jobs in Spore after strategic review 3y [SINGAPORE] Embattled mobile phone giant Motorola will pull the plug on its handset production unit in Singapore by the end of this year, a move which will result in a near
      462 words
    • Article
      Lock icon Investing in China? Tread carefully
      505 3  -  MICHELLE QUAH Laws to protect shareholders still untested: study By SINGAPORE] China has opened up its equity marset to foreign investors in -ecent years but market olayers need to tread care?ully in the mainland, with minority shareholder rights still an issue there. A study by
      505 words
  • Page 3 Advertisements
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      108 3 SAVE TAX Our qualified professionals W^M-J can assist you with offshore 3 structures, shelf companies ffip^^j and incorporations in ALL jurisdictions including: British Virgin Islands K^ Cayman Islands Bahamas rf|Ul Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore
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      5 3 ■■•A i > \^L :'...thhh*.' W
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  • COMPANY NEWS
    • Article
      Lock icon Anthony Soh's offer for Jade Tech hits a snag
      651 4  -  CHEW XIANG Ownership of 295 m shares pledged to failed Aussie broker unclear By JADE Technologies group president Anthony Soh's takeover bid for the company has run into a snag after Dr Soh said yesterday in a letter to Jade's board
      651 words
    • Article
      Lock icon Special audit for Advance Modules
      209 4  -  EMILYN YAP By THE Singapore Exchange (SGX) has directed Advance Modules Group to appoint special auditors immediately to investigate the affairs of the company, including a US$ll.B9 million acquisition that has been questioned by its auditors. Advance Modules, which disclosed this yesterday, said it is
      209 words
    • Article, Illustration
      Lock icon Liquidity crunch will affect all banks: DBS chief
      375 6  -  CHOW PENN NEE (VGM WATCH No link between sub-prime losses and ex-CEO's departure, he says By FINANCIAL markets are still in an "unprecedented period of volatility", said DBS chairman Koh Boon Hwee on the sidelines of the bank's Annual General Meeting (AGM)
      FILE PHOTO  -  375 words
    • Article
      Lock icon Australia cancels Optus Internet deal
      340 6 Bloomberg [SYDNEY] The Australian government has cancelled a As9sß million (Ssl.2 billion) funding agreement with Singapore Telecommunications Ltd and Futuris Corp for an Internet network because the project did not provide the required coverage. Optus Networks Pty Ltd, a wholly owned subsidiary of Singapore Telecom,
      Bloomberg  -  340 words
    • Article
      Lock icon Merrill launches certs tracking 4 China themes
      289 6  -  OH BOON PING By MERRILL Lynch has listed participation certificates here that track four China themes. The themes are China Water, China Consumer Brands, China H-shares Discount and China S-shares. The certificates are call warrants with zero strike price and no gearing, and
      289 words
    • Article, Illustration
      Lock icon KSH wins $53m KepLand deal
      285 6  -  GEOFFREY LEE By CONSTRUCTION and property group KSH Holdings has secured a contract worth about $53 million from a Keppel Land subsidiary. The contract from Keppel Land Realty is for the construction of Madison Residences, an 18-storey luxury condominium development at Bukit Timah Road. Construction
      FILE PHOTO  -  285 words
    • Article
      Lock icon Fees for SGX Research Incentive Scheme raised to $13,000
      305 6  -  R SIVANITHY By LISTED companies that want to take part in the Singapore Exchange (SGX) Research Incentive Scheme will have to pay $13,000 a year, up from $8,000 now. In a letter to mainboard and Catalist-listed companies yesterday, SGX said that
      305 words
    • Article
      Lock icon Expect more cash calls given current credit pinch
      579 6  -  R SIVANITHY OCAL news headlines this Lyear may have been dominated by the funding problems of well-known names like ÜBS, SocGen and Citigroup. But a study of recent corporate announcements here reveals that many local companies are also facing a similar need
      579 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      341 4 An unprecedented standard of herb quality developed locally, recognised globally. As the premier name in Traditional Chinese Medicine (TCM), Eu Van Sang is leading the way into a new era of unparalleled quality assurance, with the Eu Van Sang GOOD AGRONOMIC PRACTICES for Herbs (EYSGAPHerbs) certification scheme. A global standard
      341 words
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      13 4 A w Mi/// i 11/ I f i/ F BOSS HUGO BOSS SELECTION
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  • Page 5 Advertisements
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      180 5 There is a new guarantee of assurance in what we do at Eu Van Sang. wSm yT^Tr I'ilHitl'tttßHlmt ijHH QUALITY GROWTH STRINGENT ANALYSIS STATE-OF-THE-ART PRODUCTION Our renowned bestseller, now compliant with the EYSGAP-Herbs certification scheme. Offering Lingzhi's beneficial health-promoting properties, Eu Van Sang Lingzhi v IRM^H Cracked Spores Powder Capsules
      180 words
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      1356 6 CHlNAnimal HEALTHCARE China Animal Healthcare Ltd. (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at M Hotel Singapore, Anson 11, Level 2, 81 Anson Road, Singapore *****8 on Friday, 18
      1,356 words
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  • Page 7 Advertisements
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      698 7 RETAILER OF THE YEAR AWARD 2008 THIS CATEGORY WAS LAUNCHED ONLY LAST YEAR AND HAS ATTRACTED A HUGE AMOUNT OF INTEREST FROM RETAILERS AND CONSUMERS ALIKE. THIS YEAR'S WINNER RECEIVES THE AWARD FORTHE SECOND YEAR RUNNING. a c VI L E J Since it was voted the first-ever winner of
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon High-beta plays spring to the fore
      614 8  -  R SIVANITHY STOCKS 'Defensive' plays, or those with little sensitivity to the STFs fluctuations, appear to have fallen out of favour ALL Street's sharp Tuesday rally that sent Hong Kong's Hang Seng Index up 3 per cent yesterday meant that the Straits Times Index
      Bloomberg  -  614 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 5 2 0 0 0 10 lanufacturing 79 58 54 12 13 91 62 67 Commerce 34 15 21 37 19 23 )t/Stor/Comms 19 12 20 13 :inance 28 28 Construction 11 15 'roperties 27
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 49,601 49,601 194,997 194,997 lanufacturing 652,871 31,505 684,376 502,060 3,237 505,297 Commerce 78,543 1,185 79,728 154,426 241 154,667 'pt/Stor/Comms 116,194 133 116,327 308,304 36 308,339 :inance 76,783 76,783 811,198 811,198 Construction 101,817 15,531 117,348 30,615 2,825 33,440 ■roperties 99,044
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      104 8 CapitaLand 6.680 4-0.200 CapitaMall 3.540 4-0.090 CityDev 11.920 4-0.360 Cosco Corp 3.850 4-0.080 IBS Grp 19.580 4-0.940 :&N 4.890 4-0.060 Sent Intl 0.610 4-0.005 IK Land 4.140 4-0.080 ISH 17.020 4-0.140 lardine C&C 19.400 4-0.420 Ceppel Corp 10.220 4-0.350 Ceppel Land 6.030 4-0.340 IOL 3.440 4-0.140
      104 words
    • Article
      Lock icon BROKERS' TAKE
      1069 8 Raffles Education April 2 close: $1.08 CLSA, April 1 WITH the Hefei Wanbo acquisition last week, Raffles Edu has made four major acquisitions over the past 18 months. These have added 39,000 new students to the 10,000 Raffles University (RU) students, and we expect the new schools to
      1,069 words
    • Article, Illustration
      Lock icon Asia firm after bank move eases fears
      507 8 Reuters CURRENCIES [SINGAPORE] Most Asian currencies rose yesterday, in line with regional stocks, after strong demand for a Lehman Brothers securities offering boosted hopes that the worst of the credit crisis may be over. The South Korean won rose as far as 973.9
      Reuters; AFP  -  507 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      51 8 CLOSE 669.00+174.0 BT OB/OS BT CADI -*****.00+152.0 BT 10-day MA -*****.00 +67.00 FTSE ST Mid Cap 773.29 +3.21 FTSE ST Small Cap 651.73 +7.71 FTSE ST All Share 792.00+15.36 FTSE ST China 482.40 +3.86 UOB Catalist 151.65 +0.82 SIMSCI 389.43 +9.07 SIMSCI Futures 387.20 +8.40 PrimePartnersCI 164.19
      51 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME E3 Hlds 94,265,000 ChinaEnerqy 86,737,000 Synear 70,986,000 Yanqzijianq 68,643,000 Golden Agri 64,816,000 China Honqxinq 44,703,000 JiutianC 40,595,000 CoscoCorpMßl_eCWoBo7o3 31,054,000 *Star Cruises 30,189,000 Wee Hur 26,024,000 VALUE(S) DBS Grp 343,573,758 SGX 197,264,270 Keppel Corp 132,008,680 OCBC Bk 128,748,290 Capita Land 125,089,168 UOB 115,781,176 Sing Tel 95,274,770 Cosco
      57 words
    • Article
      Lock icon RISES
      110 8 CLOSE UP BMT ***** 800.0 6.2 China H 10US$ 1650 110.5 5.1 DBS Gri 1958 94.0 5.0 DBS MBLiCW*****0 649 89.0 15.9 DBS MBL iCW*****3 741 83.0 12.6 SGX 830 65.0 8.5 UOB 2018 56.0 2.9 SGXMBLiCW*****0 284 46.0 19.3 UOBMBLiCW*****0 716 46.0 6.9 Jardine C&C 1940 42.0 2.2
      110 words
    • Article
      Lock icon FALLS
      119 8 CLOSE DOWN 8790 -80.1 -0.7 GLD 10US$ STI 3450 DBePW/*****2 72 -23.0 -24.2 StraitsAsia 285 -22.0 -7.2 OUE 1380 -20.0 -1.4 Asia Pac Brew 1324 -16.0 -1.2 DBS MER ePW*****8 43.5 -15.5 -26.3 CoscoCori iBNPePW/***** 30 -15.0 -33.3 SGX BNP ePW*****7 74 -14.0 -15.9 STI 3700 DBePW/*****0 58 -13.0
      119 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 8 Apr 2 CLOSE CHNG FR Apr 1 YR 2008/07 S$ LOW S$ HIGH USS 1.3815 0.00 1.5479 1.3757 Euro 2.1629 0.03 2.2064 1.9913 Pounds 2.7409 -0.46 3.1194 2.7258 AS 1.2595 -0.16 1.3555 1.1741 Yen* 1.3567 1.47 1.4484 1.2285 Rill liah* 0.***** -0.14 0.***** 0.***** Baht* 4.3822
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  • COMPANY NEWS
    • Article
      Lock icon Apex-Pal outlets to hit 100 by year-end
      471 9  -  LYNETTE KHOO Sakae Sushi eyes outlets in Mid-East, Vietnam, Central Europe, Mongolia By UNFAZED by rising food costs, Apex-Pal International said it is still expanding its global footprint of Japanese food outlets, with a target of 100 outlets by the end of this
      471 words
    • COMPANY BRIEFS
      • Article
        Lock icon Medi-Flex narrows interim loss
        58 9 MEDI-FLEX has narrowed its loss to 1.96 million yuan (*****,982) for the six months ended February, from 11.3 million yuan a year ago. Revenue fell to 29.2 million yuan from 39.6 million yuan. The company said that the improvement came about after it implemented quality improvement
        58 words
      • Article
        Lock icon Pan Asian Water bags deals worth $14.6m
        53 9 PAN Asian Water Solutions has secured new contracts worth $14.6 million, bringing the value of projects won so far for FY2OOB to $47.6 million. The latest contracts include a $11.6 million project in Brunei and a $1.7 million contract for the Public Utilities
        53 words
    • Article
      Lock icon Keppel Land staff take course in marina mgt
      353 9  -  VINCENT WEE By IN A concrete sign of commitment to providing quality marina management, Keppel Land's Marina at Keppel Bay has put all its staff through the widely recognised introduction to marina management course by Marina Industries Association of Australia. And standing
      353 words
    • Article
      Lock icon NOL appoints new heads for booming Middle East
      205 9 NEPTUNE Orient Lines (NOL) has announced key appointments to take advantage of growth in the booming Middle East. Gene Seroka takes over from Ong Tuen Suan as vice-president for the Middle East. Based in Dubai, he will oversee the APL, APL Terminals
      205 words
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      1108 9 GetyourßabobankWarrant Highlights daily via email. Visit www.rabowarrants.com.sg or |^AS|Sy^^USL& jLM ®y emailwarrants@rabobank.com SEMBCORP MARINE RB ECW*****3 (CKIW) SPH RB ECWOBOS2O (EOZW) SEMBCORP MARINE LTD Call SINGAPORE PRESS HOLDINGS LTD Call Exercise Price 553.77 Exercise Price 554.65 L Expiry Date 23 June 2008 Ratio 0.35 Expiry Date 20 May 2008 Ratio
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      58 9 to BECAUSE LIFE IS I w 9 M El I a Mi mfIRIN Ftm Gvtd Spwsors Official Hotel lifestyle Sponsors Murhetiiift FUrtnt-ra GOOD FTFrm denfse J^s*-» philips xtra HfedeCjMS ™™»™h Audi MU q ,b.i..« nn .i» ST H^Eqiß Official TV PurXner Official Media fait/wrs J^ jSq=/ Bating BftAYTNG LIVING s-
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  • SINGAPORE NEWS
    • Article
      Lock icon Job hopping, poaching drive up staff costs
      439 10  -  OH BOON PING Balance of 78% of privately held businesses in Spore feel pinch: survey By HIGH turnover rates here have driven up staff costs at several firms, according to a recent survey. Accounting firm Grant Thornton International's latest International Business Report (IBR)
      439 words
    • Article
      Lock icon Louis Vuitton out to recruit MBA holders
      492 10  -  CHEAH UI-HOON Its strong global growth fuels need for senior execs By THE general thinking is that retail staff aren't de-gree-holders, but times are a-changing. By the end of the year, the person who attends to you while you shop for a Louis
      492 words
    • Article, Illustration
      Lock icon US-Spore trade soars 41%, set to grow further
      437 10  -  LEE U-WEN By JUST four years on since the United States and Singapore signed a free trade agreement, bilateral trade between the two countries has already soared 41 per cent to U5544.7 billion, with this figure widely expected to increase in the
      437 words
    • Article
      Lock icon MAS sees no need for a Syariah council here
      575 10  -  SIOW LI SEN Reports by SINGAPORE should have a national Syariah council if Islamic finance is to take off here, say industry specialists. But the Monetary Authority of Singapore (MAS) does not see a need for such a body. Islamic finance
      575 words
    • Article
      Lock icon Islamic finance summit here in '09
      310 10 SINGAPORE will host the sixth annual summit of the Islamic Financial Services Board (IFSB) in May next year. The annual summit will boost the fledgling Islamic finance industry here, bringing to Singapore the single largest concentration of top financial regulators plus senior bankers from
      310 words
    • Article
      Lock icon $100m Biopolis Phase III starts taking shape
      372 10  -  EMILYN YAP The 41,500 sq m complex will be ready by Q4 2009 By I CONSTRUCTION of the $100 million Biopolis Phase 111 project began yesterday, and its developer hopes to achieve a take-up rate of at least 50 per cent by the
      372 words
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      951 10 KSOON LIAN 'if"'. 1. 1'"; 1?? SOON LIAN HOLDINGS LIMITED Registration No. *****6295G (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2008 Annual General Meeting of the shareholders of the Company will be held at 45 Joo Koon Circle Singapore *****6 on Tuesday, 22
      951 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Inflation threat dwarfs risk of global slowdown: ADB
      782 11  -  ANTHONY ROWLEY Infrastructure bottlenecks, skill shortages forcing up prices, it warns 3y in Tokyo ASIA faces an "inflation spiral" brought on by multiple upward pressures on prices compounded by supply constraints, the Asian Development Bank (ADB) warned yesterday. And the social and
      AFP  -  782 words
    • Article
      Lock icon 200,000 jobs at risk in US financial sector: analysts
      376 11 -AP Banks cutting costs due to housing slump and weak economy [NEW YORK] The US financial industry has been shedding jobs at a record clip, and some analysts predict the pace will only accelerate over the next 18 months as banks
      -AP  -  376 words
    • Article
      Lock icon IMF cuts global growth forecast to 3.7%
      634 11 Bloomberg It sees 25% chance of recession, cites US financial crisis [WASHINGTON] Citing the worst financial crisis in the US since the Great Depression of the *****, the International Monetary Fund (IMF) has cut its forecast for global growth this year and has
      – Bloomberg  -  634 words
    • Article
      Lock icon IMF backs plan for SWF guidelines
      242 11 -AFP [WASHINGTON] The International Monetary Fund on Tuesday backed a plan to develop with international partners guidelines for sovereign wealth funds. "Most directors supported the staffs proposal to start work with members, SWFs, and other interested stakeholders, including the establishment of an international working
      -AFP  -  242 words
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      1218 11 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Global Telecom bids for Sri Lanka Telecom
      634 12 Bloomberg USs299m purchase gives Malaysian tycoon access to S Asia's first high-speed wireless network [COLOMBO] Global Telecommunications Holdings NY, owned by Malaysian billionaire T Ananda Krishnan, bid for Sri Lanka Telecom Ltd after buying Nippon Telegraph Telephone Corp's stake in the South Asian
      Bloomberg  -  634 words
    • Article
      Lock icon Indonesia may not raise rates, say economists
      390 12 Bloomberg They cite March inflation of 8.2%, an 18-month high [JAKARTA] Indonesia's central bank will probably refrain from raising its benchmark interest rate as it seeks to balance the risk of slowing growth with inflation at an 18-month high. Governor Burhanuddin Abdullah and
      Bloomberg  -  390 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Debt securities form 92% of fund-raising proposals
      579 13  -  PAULINE NG Growth, especially in Islamic paper, puts M'sia in 3rd place in Asian bond market 3y in Kuala Lumpur THE bond market was by far the preferred choice of Malaysian corporations wishing to raise funds last year. Of the RM172.6 billion (5574.7
      579 words
    • Article
      Lock icon Star Cruises in tie-up to build Philippine casinos
      216 13 Reuters [HONG KONG/MANILA] Star Cruises, a unit of Malaysian casino operator Genting Bhd, plans to team up with Alliance Global Group Inc to develop hotels and casinos in the Philippines, spending at least US$l billion on a set of projects the company
      – Reuters  -  216 words
    • Article
      Lock icon Boustead working to clinch more govt boat orders
      527 13  -  PAULINE NG By in Kuala Lumpur SHIPBUILDER Boustead Heavy Industries Corporation (BHIC) believes the Malaysian government would not scrap a multi-billion contract with the company to build 27 offshore patrol boats (OPBs), despite the controversy over the first two vessels which were
      527 words
  • Page 13 Advertisements
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      138 13 V |I_^\V If you are in any of these situations: I You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help
      138 words
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      Lock icon Page 13 Advertisements Column 2
      1553 13 SiSL PEOPLE'S FOOD HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of People's Food Holdings Limited (the "Company") will be held at Sir Henry Keppel 1, Grand Hyatt Singapore, 10 Scotts Road, Singapore *****1 on Friday, 25 April 2008 at 2:00 p.m.
      1,553 words
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      4569 14 <&scs w -^rsnrsraa—i— SINGAPORE COMPUTER SYSTEMS LIMITED ii^^^^ aM*MM^——MMMM^^^^^^^^^^^™^™^(lncorporated in the Republic of Singapore) Company Registration Number: *****0071W y****\ NOTICE OF TWENTY-EIGHTH ANNUAL GENERAL MEETING C§O wIIIf! KPN NOTICE IS HEREBY GIVEN THAT the Twenty-Eighth Annual General Meeting of Singapore Computer Systems Limited (the "Company") will be N^^T ENERGY GROUP
      4,569 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon No secret or strategic mission: China's SWF
      556 15 Bloomberg It has 'conservative' return targets and investments aren't politically motivated [BEIJING] China's US$2OO billion sovereign wealth fund (SWF) said it has "conservative" return targets and sought to dispel concern that its investments may be politically motivated. China Investment Corp (CIC) targets returns
      – Bloomberg; REUTERS  -  556 words
    • Article
      Lock icon Big banks slow on China stakes
      524 15 Reuters [NEW YORK] Cash-strap-ped international banks are showing a lot less interest in increasing their investments in the Chinese banking sector than they were before the global credit crisis took its toll, Chinese banking sources said on Tuesday. It isn't that they've gone cold
      – Reuters  -  524 words
    • Article, Illustration
      Lock icon US making progress on credit crisis, Paulson assures China
      329 15 AP, Bloomberg [BEIJING] US Treasury Secretary Henry Paulson says that he told Chinese leaders that Washington is making progress in resolving the US credit crisis but cautioned that there will be "more bumps" ahead. He also said that China has made
      AP,; Bloomberg  -  329 words
  • Page 15 Advertisements
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      1624 15 MegaChem' MEGACHEM LIMITED (Company Registration No.: *****3293 M) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 132 Pioneer Road, Singapore *****8 on 18 April 2008 at 10.00 a.m. to transact the following business:AS ORDINARY BUSINESS 1.
      1,624 words
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  • INDIA
    • Article
      Lock icon Fastest export growth in 4 mths
      384 16 Bloomberg Firms boost shipments to Europe, Japan, Australia as demand from US slows [NEW DELHI] India's exports grew at the fastest pace in four months as companies sold more gems, jewellery, oil and other manufactured products in the overseas markets. February shipments, which account
      Bloomberg  -  384 words
    • Article
      Lock icon Indian telco gains on talk of share sale
      116 16 Bloomberg [MUMBAI] Spice Communications, the Indian mobile-phone unit of Telekom Malaysia Bhd, saw the biggest gain since its trading debut in Mumbai following a report that an overseas company may buy a stake. Spice gained 10.3 per cent to 33.90 rupees yesterday
      – Bloomberg  -  116 words
    • Article
      Lock icon Minicredit lifeline for farm widows
      542 16 -Reuters [SUNNA, India] Savita Jiddewar is a rare success story on the cotton fields of central India, the epicentre of an agrarian crisis that has seen 150,000 farmers commit suicide since 1997 because they could not pay back loans. Her home stands out strikingly in
      -Reuters  -  542 words
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      2548 16 a £^p MANUFACTURING INTEGRATION TECHNOLOGY LTD ■^^5 Company Registration Number: *****0075N 5 mSS (Incorporated in Singapore with Limited liability] NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Manufacturing Integration Technology Ltd ("the Company") will be held at Albizia 1, Level 2, Jurong Country
      2,548 words
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      Lock icon Page 16 Advertisements Column 2
      1855 16 "•"TSEWEW 1™ JURONG CEMENT LIMITED (incorporated in the Republic of Singopore] Company Registration No. *****0737Z notice is hereby given that the Annual General Meeting of challenger (Incorporated in the Republic of Singapore) TECHNOLOGIES LIMITED will be held at 109 North Bridge Road #06-00 Funan r r r ZE&XSr™ *****7°n Friday
      1,855 words
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  • MIDDLE EAST
    • Article
      Lock icon Fullerton, EFG-Hermes to raise US$160m fund
      172 17 Bloomberg [DUBAI] Fullerton Fund Management Company, a unit of Singapore's Temasek Holdings, expects to raise US$l6O million for a new Middle East and North Africa fund that it has started with EFG-Hermes Holding SAE. Fullerton expects to raise US$lOO million from Japanese investors and
      Bloomberg  -  172 words
    • Article, Illustration
      Lock icon US faults Saudi Arabia on counterterrorism
      693 17 LAT-WP Top official says country has not taken steps to curb terrorist financing [WASHINGTON] Saudi Arabia has failed to take key steps requested by US officials to stem the flow for Al-Qaeda and other extremist networks, the Bush administration's top financial counterterrorism official said
      LAT-WP  -  693 words
    • Article
      Lock icon Virgin seeks Dubai Int'l funding: report
      324 17 -Reuters It may sell stake in health club unit or cellphone venture [DUBAI] Virgin Group has held informal talks with Dubai International Capital (DIC) about securing investment backing from the US$l2 billion sovereign wealth fund, Britain's The Times reported on yesterday, without citing sources.
      -Reuters  -  324 words
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      2685 17 I EpurnuD I S'^^rJt m mjihiihi* TECHCOMP (HOLDINGS) LIMITED u^ch imSn EASTERN ASIA TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held at Suntec Singapore International NOTICE OF EXTRAORDINARY GENERAL
      2,685 words
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      4816 18 ilk ill A I BTELECOM INTERNATIONAL HOLDINGS CO. LTD. NOTICE OF ANNUAL GENERAL MEETING PINE AGRITECH LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Suntec Singapore, International Convention Exhibition Centre, 1 (Incorporated in Bermuda) Raffles Boulevard, Meeting Room 312, Level 3,
      4,816 words
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  • WORLD
    • Article, Illustration
      Lock icon Investors partly to blame for more expensive food
      481 19 Reuters Agricultural prices have become more volatile with influx of new money [NEW YORK] High food prices around the world? Blame at least in part the investors who moved their money into commodities in the past five years, looking for better returns
      ■ Reuters; AP  -  481 words
    • Article
      Lock icon Eco-towns? British villagers say no, thanks
      549 19 -IHT New housing in rural areas would do more harm than good [STOUGHTON, England] The British may be among Europeans most concerned by climate change, but few people in this tiny village in the English Midlands want to be part of their government's latest
      -IHT  -  549 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7757 19 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty!** 0.928/ Star Europe Bond 1.23/ Star Europe Bal 1.18/ Star Asian Tiger Eqty 1.358/ Star Asia Bond 1.183/ Star Asia Balanced 0.961/ Star Global Technology Fund!** 0.194/ Multi St Fd 0.851/ Star Asia Bond(USD) 0.858/ Gib Multi St USD
      7,757 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Lehman Bros still bullish on Asia
      672 20  -  CONRAD TAN Region's growth prospects better than elsewhere, says its Asia-Pac CFO By [SINGAPORE] Lehman Brothers will continue to invest in Asia despite facing tough market conditions on its home soil in the United States, its chief financial officer for Asia-Pacific said yesterday. "We
      672 words
    • Article, Illustration
      Lock icon Analysts back UBS shift of bad assets to new unit
      773 20 [ZUßlCH] The worst may be over for the Swiss banking giant following ÜBS' staggering writedowns of an additional US$l9 billion on assets related to the US sub-prime crisis, analysts and commentators say. Analysts said yesterday that the ÜBS clear-out had
      AFP  -  773 words
    • Article
      Lock icon Factory orders decline more than forecast in Feb
      437 20 Bloomberg LATEST US DATA [WASHINGTON] Orders to US factories fell more than forecast in February, as companies scaled back investment plans on concern the economy was already in a recession. The 1.3 per cent decrease followed a 2.3 per cent decline in
      – Bloomberg  -  437 words
    • Article
      Lock icon ECB lends 25b euros to ease tense marts
      374 20 Bloomberg [BRUSSELS] The European Central Bank loaned banks 25 billion euros (5553.9 billion) in its first ever six-month auction to ease tensions on money markets. The money was lent at a marginal rate of 4.55 per cent, the Frankfurt-based central bank said.
      Bloomberg  -  374 words
    • Article
      Lock icon BURSA MALAYSIA
      2267 20 tpr 2 RM ASM Realty 0.70 \bric Bhd 0.20 advance Synergy 0.13 Adventa Bhd 1.24 AeMuIti Hldgs 0.25 Affin Holdings 2.03 Ahmad Zaki Resou 1.04 Aic Corp 0.60 Airasia Bhd 1.38 Akn Technology 0.45 alliance Financi 2.77 aluminium Co 1.05 Amalgamated Ind 0.42 Ammb Hldgs Bhd 3.54 Amtel
      2,267 words
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      4336 21 imiV^?TF75 hobee|NVEstmentltd M immmll/J (Incorporated in the Republic of Singapore) ■■■L "^^^tal L.^F^l L^nM KBlf^^»t!TlTlßj!CT!t!r>^¥^Wi^Bffl^B!M^^^^^B V >/ (Company Registration Number: *****2381 M) r NOTICE OF ANNUAL GENERAL MEETING VjALLANT NOTICE IS HEREBY GIVEN that the 20th annual general meeting of Ho Bee Investment Ltd will be held at 12 Tannery
      4,336 words
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  • AVIATION
    • Article, Illustration
      Lock icon Cancelled flights at T5 to fall to 10%, says BA
      467 22 Bloomberg Carrier ropes in courier firms to help clear backlog of 20,000 bags [LONDON] British Airways plans to operate about 90 per cent of its timetable at Heathrow Airport's Terminal 5 by the end of this week as it clears
      – Bloomberg; AFP  -  467 words
    • Article
      Lock icon Air France, Alitalia unions delay talks
      408 22 Bloombera [LONDON] Air France-KLM Group's talks with Alitalia SpAs main unions about the French airline's takeover proposal, set for Tuesday, were delayed until yesterday in an effort to reach an agreement. Unions on Monday agreed to continue negotiations after six hours of talks in
      – Bloombera  -  408 words
    • Article
      Lock icon Air NZ sees higher fares slowing demand
      373 22 [WELLINGTON] Air New Zealand Ltd, the nation's biggest carrier, expects passengers may fly less as it raises airfares to recover the increasing cost of jet fuel, chief executive officer Rob Fyfe says. "Rising fuel prices are presenting a challenge to the company," Mr
      Bloomberg  -  373 words
    • Article
      Lock icon Airline industry sees efficiency improving
      249 22 -AP [HAMBURG] The aviation industry, faced with skyrocketing fuel prices, is striving in many ways to improve aircraft efficiency, experts at the Aircraft Interiors Expo here said on Tuesday. "Everybody is trying to optimise manufacturers and suppliers," said Thorsten Nagel, a product manager with Lufthansa
      -AP  -  249 words
    • Article
      Lock icon Unapproved parts in Boeing planes: FAA
      171 22 Bloomberg [NEW YORK] Hundreds of Boeing Co aircraft were outfitted with "unapproved" landing-gear parts under a maintenance contract with AAR Corp, the Federal Aviation Administration said in a safety alert. The parts MLG truck beams didn't comply with maintenance manuals and a 2001 safety
      – Bloomberg  -  171 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2360 22 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,360 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      353 22 CRYPTIC CROSSWORD ACROSS 1 Currently lacking any soft n —i r —l [3 —l [4 —l 15 —I —[7 —l 18 fabric? That's unreasonable __^Hl__ 6 Book with information, first BH HH mM, H^V^H^ 9 Military group having day hh mm hh hh beset by anxiety (5) H H H
      353 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Hyundai Heavy's earnings seen rising 35% this year
      697 23 Bloomberg Shipyard off to a strong start, with orders hitting USs7b in first 2 months [HONG KONG] New orders for ships hauling raw materials to China and finished goods to the rest of the globe are helping Hyundai Heavy Industries, the world's
      – Bloomberg; BLOOMBERG  -  697 words
    • Article
      Lock icon Norway ship classifier aims to accredit US hospitals
      412 23 Reuters If DNV's application gets nod, it will be third in the business [OSLO] Det Norske Veritas (DNV), a 144-year-old Norwegian company known as one of the world's biggest ship classifiers, aims to grab a slice of the growing market for accreditation
      Reuters  -  412 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        108 23 '000 )r2 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KiVentures KeppelCorp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.60 0.36 3.85 0.79 2.10
        108 words
      • Article
        Lock icon KLSE
        41 23 '000 tpr 2 MS Vol Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.72 9.20 9.20 4.26 3.12 0.23 0.14 unch -0.10 unch unch -0.02 -0.03 unch 92 389 418 437 14 7 55
        41 words
      • Article
        Lock icon BANGKOK
        16 23 '00 tpr 2 Balrt Vol Precious Ship Regional Cont .24.00 .23.70 -0.10 -0.90 755 159
        16 words
      • Article
        Lock icon HONGKONG
        14 23 '000 tpr2 HK$ Vol Ooil Singamas Cont .47.30 ...2.18 2.60 0.04 2116 1552
        14 words
      • Article
        Lock icon PHILIPPINES
        26 23 '000 tpr 2 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.90 32.50 2.20 unch 0.20 1.50 0.10 unch 535 6535 20 0
        26 words
      • Article
        Lock icon TAIPEI
        21 23 IPX Evergreen Marine ....29.00 :irst Steamship 70.50 /Van Hai Lines 27.90 fang Ming Marine ..23.20 unch -1.30 0.45 0.15 i:
        21 words
      • Article
        Lock icon TOKYO
        43 23 '000 Yen Vol Kawasaki Hvy Ind ..242.00 16.00 ***** Kawasaki Kisen ...1013.00 49.00 8428 Mitsubishi Hvy 454.00 23.00 ***** Mitsui Eng&Sbldg ..290.00 24.00 ***** Mitsui Osk Lines ...1257.00 49.00 8439 Nippon Express 603.00 11.00 5317 Nippon Yusen 969.00 31.00 6240 Source: Reuters
        43 words
    • Article
      Lock icon Cost of shipping Mid-East crude oil to Asia set to fall
      432 23 Bloomberg Majority of April's bookings completed with ships to spare [LONDON] The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may drop in coming days because the majority of April's bookings have been
      – Bloomberg  -  432 words
    • Article
      Lock icon Profit at China Shipping trebles to 3.2b yuan
      299 23 Bloomberg [HONG KONG] China Shipping Container Lines Co, the second-largest in the country, said that 2007 profit more than trebled as the company raised prices and carried more goods from Asia to Europe and the US. Net income climbed to 3.22 billion
      – Bloomberg  -  299 words
  • Page 23 Advertisements
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      1690 23 ip^i^fl K^^^^r APRIL PULSES OUT NOW! IN THIS ISSUE: 'Braveheart' Lionel Lee's deepwater bet pays off for Ezra Holdings Local banks bracing for leaner times A tale of two Kings: King's Safetywear and Kingsmen Creatives The near Midas touch of serial investor Gerrard Ball Singapore property market: The bull's and
      1,690 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Challenging times for airlines
      511 24 THE latest forecast by the International Air Transport Association (lata) makes for sobering reading for the industry. lata this week downgraded its industry profit expectations for 2008 to US$4.5 billion based on global economic growth slowing to 2.6 per cent and an average annualised oil price
      511 words
    • Article, Illustration
      Lock icon Slide in the US dollar: What it means for Asia
      1437 24  -  JOERGEN OERSTROEM MOELLER As greenback boosts their wealth, Asian firms win competition to invest globally By THE sub-prime crisis hit the US economy when it was in the first stages of an adjustment process to redress the large deficits in
      BLOOMBERG  -  1,437 words
    • Article, Illustration
      Lock icon Act urgently to ward off creeping food crisis
      848 24  -  ANTHONY ROWLEY THE BOTTOM LINE WE have all been focussing so hard on the American sub-prime mortgage crisis, the drama on Wall Street and the soaring price of oil (not to mention the American presidential election) that most of us have failed
      848 words
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      Lock icon East Asia a counterweight to slower world growth
      846 25  -  JAMES ADAMS Unlike the devastating financial crisis a decade ago, the region is in a better position while watching out for the impact of the US credit mess By DECADE ago, the world watched and wonA dered as A East Asia endured
      AFP  -  846 words
    • Article, Illustration
      Lock icon Need for better flow of patient data
      1379 25  -  HEATHER FRASER ERIC LEE MENG-KAI By and I SINGAPORE aspires to be the regional hub for many sectors, including health care. Beyond merely an aspiration, the government has taken positive steps to realise its goal. A case in point is the joint Healthcare
      FILE PHOTO/ST  -  1,379 words
    • Article
      Lock icon Disclose CEO's and directors' actual pay, not bands
      523 25 LETTER TO THE EDITOR I REFER to the article "Montefiore earned $1.25-$1.5 million last year" (BT, March 26). It is puzzling to me why so many Singapore companies continue to show CEO pay in bands. Yes, the Singapore Code of Corporate Governance
      523 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      6278 26 Transaction date: Apr 2 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Day Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E M Cap $mil Hii Com[ 5716 1st Software 22 6.5 3148 STelecom gill S fc s F °s n& 71] IS i£u
      6,278 words
    • Article
      Lock icon SGX XTRANET
      82 26 52-Wk Tel High Low Code Last Sale Vol COOP) Day ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P5OO *****
      82 words
    • Article
      Lock icon SGX CATALIST
      1971 26 Hii |h Low Code Comi >an' Sale COOQ) Hii Low By rer Seller C'vr P/E Smil 30 11.5 1181 s AAGrp 41.5 18 5000 sABRHIdgs 31 18.5 8538 s APStrategic 16.5 2.5 1501 s Advanced System 38 20 3518 s Afor 70.5 12 1524 s Alantac 22.5 8.5
      1,971 words
    • Article
      Lock icon CLOB INTERNATIONAL
      205 26 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      205 words
  • Page 26 Advertisements
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      59 26 > 11 IwLSSdttlmi THE EDWARD PIGUET WATCH AUDEMARS PIGUET (s§Lm (nPR THE BIRTH 0F A GREAT DATE Le maitre de I'horlogerie depuis 1875 *^^^r J ||MiBI THE WATCH OF YOUR LIFE I *^B M VJi/// Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED HK 341 River Valley Road #01-01
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      372 27 In local curr In S$ In USS %dy "Ayr dy "Ayr dy "Ayr Index Change Change Change Change Change Change ir 1 World Index Preliminary 1013.4 2.2 -10.5 1.4 -12.1 1.4 -8.3 EAFE Preliminary 969.4 2.4 -13.5 0.9 -12.6 0.9 -8.7 Euri Preliminary 1359.8 3.0
      372 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 27 As at 9am Apr 2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2460 1.2620 Can dollar 1.3430 1.3590 Euro 2.1440 2.1690 NZ dollar 1.0770 1.1010 jterlin iund 2.7170 2.7480 US dollar 1.3740 1.3900 Local dollars to 100 units of foreign
      134 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 27 Apr 2 STI ;iMSCI Mar 386.4 388.6 387.2 "aiwan Mar 334.1 334.1 331.6 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon INTERBANK RATES
      162 27 Apr 2 Bid $S_ Offer Overnight 1/2 1-month 1 1/8 2-months 1 1/4 3-months 1 5/16 Overnight mode: 11/16 US$ Offer 3/8 1 1 1/8 1 3/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.05 2.90 2.90 2.90 2.83
      162 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Apr 2 SS Bid Offer 1-month 1.3786 1.3801 2-months 1.3769 1.3784 3-months 1.3757 1.3773 6-months 1.3727 1.3744 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 27 Apr 2 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2555 1.2568 0.9092 0.9093 Canadian dollar 1.3510 1.3528 0.9784 0.9788 Euro 2.1561 2.1584 1.5614 1.5616 NZ dollar 1.0852 1.0877 0.7859 0.7869 Sterlim md 2.7351 2.7384 1.9807 1.9812
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      349 27 Apr 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO8 SepO8 DecO8 MarO9 97.610 97.750 97.665 97.605 0 0 0 0 ***** ***** 8079 ***** EUROYEN FUTURES JunO8 99.250 99.250 SepO8 99.325 99.335B DecO8 99.330 99.350 MarO9 99.310 99.330 JunO9 99.260 99.270B SepO9 DecO9 Mar10 99.245
      349 words
    • Article
      Lock icon SICOM FUTURES
      283 27 Apr 2 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest May 08 Jun 08 Jul 08 Aug 08 Sep 08 Oct/Dec 08 386.50 385.75 383.75 383.75 383.75 383.75 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      283 words
    • Article
      Lock icon CHICAGO BOT
      101 27 Apri SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 08 1211.00 1197.25 1230.00 1122.00 Jul 08 1234.00 1215.00 1244.00 1135.00 Aug 08 1224.00 1197.00 1230.00 1135.00 Sep 08 1198.00 1155.00 1199.00 1118.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low MayO8 52.15 51.48 53.30 49.18 Jul
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 27 CRUDE OIL PRODUCTS Apri CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 99.88 -3.94 WTI (Near Mth) 101.06 -0.49 Dubai (1-Mth F) 95.24 -2.86 Tapis blend 108.05 -3.05 Minas 102.2 -3.1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 95.77 124.90 -3.05 -3.7 US$/barrel Opec Oil Basket
      75 words
    • Article
      Lock icon INTERBANK CROSS RATES
      468 27 Apr 2 AS CS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.929 6.382 0.582 7.083 36.370 83.742 0.926 8.868 2.898 1.156 57.078 37.761 1.256 7.188 0.920 27.619 28.689 0.459 0.909 Canada 1.076 6.869
      468 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Apr 2 IKbAbUKY BILLb Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****X 03.07.08 1-Year BY*****A 29.09.08 0.73 0.84 0.7 0.7 0.7 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N*****0V 1.625 7-Year NX*****F 3.625 10-Year
      92 words
    • Article
      Lock icon SIBOR
      78 27 Apr 2 (US$) (S$) 2.***** 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths
      78 words
    • Article
      Lock icon PALM OIL
      61 27 Apr 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Apr 08 3190 468 May 08 3260 3170 3300 3159 1739 ***** JunO8 3240 3170 3299 3156 7537 ***** Jul 08 3250 3256 3290 3152 2097 9981 Total
      61 words
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      Lock icon PRECIOUS METALS
      133 27 Apr 2 Hong Kong London 896.10 888.80 897.10 889.80 Mar 31 Apr 01 932.00 879.10 932.80 880.00 Source: Reuters CAST BAR (S$) Apr 02 Buying Sellini Kilobar "42,440.48" ***** PAMP GOLD BARS (S$) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz UBS Kinebar™ 95.23
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      76 27 Apri COCOA (Btonne) Close Prev Hii ih/Low May 08 1300 1284 1312/1266 JulO8 1321 1315 1338/1296 SepO8 1247 1256 1255/1235 Dec 08 1240 1249 1248/1230 COFFEE (US$/tonne) Close Pev High/Low May 08 2279 2287 2302/2229 JulO8 2267 2273 2286/2221 SepO8 2263 2270 2285/2226 Nov08 2238 2244 2244/2200 SUGAR (US
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      76 27 Apri COCOA (Btonne) Close Prev Hii ih/Low May 08 1300 1284 1312/1266 JulO8 1321 1315 1338/1296 SepO8 1247 1256 1255/1235 Dec 08 1240 1249 1248/1230 COFFEE (US$/tonne) Close Pev High/Low May 08 2279 2287 2302/2229 JulO8 2267 2273 2286/2221 SepO8 2263 2270 2285/2226 Nov08 2238 2244 2244/2200 SUGAR (US
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      Lock icon BONDS & WARRANTS
      2187 27 BONDS WARRANTS Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left 9092 Asia Environment W*****4 19 1 40 1 38 3.00 16 3657 Biosensors DB ECW*****3 18 -1.5 110 1 85 2 3704 Capitamall Trust SGAECW*****0 .21 0.5 20 0.5
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      3437 28 The Business Times Shipping Times M wnH _Tt^__ln_ jff^ tTlTlj WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r L_Z^ P_^M_! HJPi PHM ||K&&&<M S^E I VANS WA N HAI INFQ Cus*omcr Service/Bookings Dirert Line-(1800) *****200 _^L^_A\J T* I I _.~_~L»1- I I jSJjjJJJSJ **********8 HEBE I V I IIHII I IHI LIIILJ
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      3094 29 O GIST/ C^ WEEKLY EXPRESS SAILING SCHEDULE L-LAW H^^A-A =^==t=== T==== ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS rr^LJSR—P\ m..** mtvm vessel voy pkl sin khi dxb bab dmm bik kho H 1 WY i SIM —i m i [MB i NS i [MB V3=mmm*mWCJ fSSTSJL ESKBJJ Wl
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      2850 30 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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      3669 31 China Oilfield China Oilfield Technology Services Group Limited M^ TeChnOlOgY (Company Registration No.: CT-*****5) BC^gl^. (Incorporated in the Cayman Islands) B I^^^M NOTICE OF ANNUAL GENERAL MEETING TREK 2000 INTERNATIONAL LTD NOTICE IS HEREBY GIVEN that the First Annual General Meeting of CHINA OILFIELD TECHNOLOGY SERVICES GROUP LIMITED will be
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  • BizIT
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      Lock icon 2.2 million mobile phones to be sold this year: IDC
      1086 32 ntroduction of number portability likely to increase subscriber churn, writes AM IT ROY CHOUDHURY SINGAPOREANS will be buying around 2.2 million mobile phones this year, slightly up from the two million they bought last year. The sale of mobile phones
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    • Article
      Lock icon Technology can keep SMEs globally competitive
      784 32 <you say> IT depts are feeling pressure to support off-site workers By LARS RONNING IN THE race to the forefront of global business, small and medium enterprises (SMEs) in the Asia-Pacific face distinct challenges. The global economy continues to advance at a great pace
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      Lock icon Microsoft wins document format standards battle
      472 32 Reuters [FRANKFURT/GENEVA] Microsoft Corp has won a battle to have a key document format adopted as a global standard, improving its chances of winning government contracts and dealing a blow to supporters of a rival format. The Open Doc Society, which had argued Microsoft's
      – Reuters  -  472 words
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      Lock icon TippingPoint: Don't let the old bugs bite
      592 32  -  WINSTON CHAI Attacks resulted in productivity losses of billions of dollars By DESPITE its worldwide notoriety, an ancient computer bug which brought the Internet to a standstill in 2003 is still nibbling at a number of unpatched IT systems in Singapore. According to
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  • Page 32 Miscellaneous
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      5107 33 SINOBEST TECHNOLOGY HOLDINGS LTD Company Registration No. ***** Singapore Food Industries Limited (incorporatedm Bermuda) m (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Company Registration No. *****0678G NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at RELC International Hotel 30 Orange Grove Road,
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  • PROPERTY
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      Lock icon Key trends in China property sector
      1059 34 THIS is the year of the Beijing Olympics and all eyes will be on China as it celebrates its arrival as a major global power. Politically, this is the first full year of President Hu Jintao's second five-year term. Having consolidated his power following
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      Lock icon Office occupancy dips for two consecutive quarters: report
      541 35 Two new office buildings added 538,100 sq ft of office supply in Q1 By ARTHUR SIM ISLANDWIDE office occupancy dipped in the first quarter of 2008, easing half a percentage point quar-ter-on-quarter to 97.1 per cent. The dip followed a 0.1 point
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      Lock icon Leng Beng's recipe for public housing
      444 36  -  KALPANA RASHIWALA Lease new units to first-time S'porean buyers, with option to buy: CDL chief By CDL boss Kwek Leng Beng has a suggestion to make housing more affordable for young Singaporeans. He says the government could build more public housing units, lease them
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      Lock icon GIC RE looking to sell office building for RM300m: report
      329 36 [KUALA LUMPUR] Singapore's real estate investment arm plans to sell Menara Standard Chartered at Jalan Sultan Ismail here for about RM3OO million (*****.7 million) seven years after it bought the property, Malaysia's Business Times reported yesterday, quoting sources. The Government
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      1198 34 United 2 Engineers Limited (Incorporated in Singapore) (Company Registration No. *****0018G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninety-Fourth Annual General Meeting of the Company will be held at 81A Clemenceau Avenue, sth Storey, Park Avenue Suites, UE Square, Singapore *****8, on Friday, 25 April 2008
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      291 34 Elizabeth Towers Mount Elizabeth Tanglin Club Anglo-Chinese Ideal site for ultra luxurious condominium or 6-star executive Service Suites Shangri-La Goodwood Hilltops I The f Park Hotel Apts Right next to lifestyle shopping experience: Paragon, American The *> Club Q v Elizsbsth Takashimaya and the upcoming lON Orchard Royai Grand Hotel-s
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      319 35 Houses All Freehold Redevelopment Land dii Merry, no All Freehold Bungalow 4500/5300 sf. S6.BSm Dl 2 Balestier Lovelyl 3 sty Basement. 6f 1. All ensuite 25,000 of PR 2.8 JSIO ppr DIS Broadrick Rd Potential For up-to 36 sty Apartment Bungalow *****/7000 sf. $11.3 m Dl 5 jo,, chlnt Rare!
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      516 36 LARGE LANDED/CONDOMINIUM DEVELOPMENT SITE AT DISTRICT 15 FOR SALE BY TENDER V V~T Lorong J/K Telok Kurau H^lnttSPsf —""""l^-^rA^x Tenure: 105 years/999 years commencing BBilcal X^^^^Z^^^^^^ \l\ 26 January 1939 \y Land Area: approx. 101,662 sqft _J \—-—-^^__Js2 —v Outline Permission granted for 5-storey r Vs-V""'^ condominium development with plot
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