The Business Times, 25 March 2009

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Microfilm: NL29970
Total Pages: 64
1 64 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, March 25,2009
    23 words
  • Article, Illustration
    Lock icon Geithner effect pulls up Asian markets
    758 1  -  CONRAD TAN But relief may be short-lived as euphoria wears off; balance sheets still need repairing By [SINGAPORE] Stocks in Asia surged yesterday, extending their gains into a second day after the US government unveiled its latest plan to excise the toxic assets that
    AP Graphics | AFP Graphics  -  758 words
  • Article, Illustration
    Lock icon Why Charles Goodyear got Temasek go-ahead
    662 1  -  LEE U-WEN Minister sheds light on selection process behind the key appointment By [SINGAPORE] The appointment of Charles Goodyear as the first foreigner to lead Temasek Holdings has sparked plenty of debate since the news was announced last month. And the debate continued in
    662 words
  • Article, Illustration
    Lock icon Tenacity wins the day at SBA
    583 1  -  ARTHUR SIM Winners looking for opportunities amid recession By [SINGAPORE] It takes tenacity to make it to the top in the business world and the winners ofthe 24th Singapore Business Awards have that in spades. Businessman of the Year Ow Chio Kiat understands this
    ARTHUR LEE  -  583 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 TRANSPORT HUB I AIG I EXEC MONEY I MOTORING MZ^LJ Silver lining for Execs agree to give back A Tflfflß New entrants squeeze New E-Class finds r zzz^^^^k marine insurers USssom in bonuses fxi^jm hedge fund fees fans in Europe Ajßßjgjji^-^iW^ PAGE 23 PAGE 4 m%m%mmWk mwfS PAGE 36 PAGE
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      31 1 MORE REPORTS Leon Hadar: Is the plan enough to save Geithner's job? PAGE 4 Analysts, academics not impressed PAGE 21 Breakingviews.com: At last, a plan, not a pipe dream PAGE 27
      31 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S'pore economy bottoming out: NTU economist
      583 2  -  ANNA TEO His forecasts see GDP contracting 8.7% in Ql, and 4% year-round 2009 By [SINGAPORE] The bottom is around the corner, says university economist Choy Keen Meng, who sees the Singapore economy shrinking 4 per cent this year. Recent upticks in global leading
      Source: NTU EGC  -  583 words
    • MARKETS DIGEST
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.756 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon MARKETS
        47 2 uesi lay lange ICOMP 877.92 -0.38 IIKKEI225 8,488.30 +272.77 IANG SENG 13,910.34 +462.92 ;et index 438.16 -0.01 JAKARTA COM P 1,436.11 +29.46 IANILACOMP 1,917.69 +38.60 lEOULCOMP 1,221.70 +22.20 IHENZHEN B 345.95 +2.65 IUMBAI IND 9,471.04 +47.02 12 noon EDT Cham )OW 7,700.99 -74.87 IASDAQ 1,527.55 -28.22
        47 words
      • Article
        Lock icon FOREX
        41 2 IS$ (S$ per US$) 1.501 (US$/S$ per 1.465 2.20! ;UR0 (US$/S$/E) 1.361 2.051 Foreign currency per US$ 'EN 98.30 65.2 3.628 2.40I IK$ 7.750 5.141 !AHT 35.36 23.4I IUPIAH 11,403 7,56. IENMINBI 6.830 4.531 INDIAN RUPEE 50.46 33.4' 1.423 0.94.
        41 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Geithner effect pulls up Asian markets
        100 2 STOCKS in Asia surged yesterday, extending their gains into a second day after the US government unveiled its latest plan to excise toxic assets from banks' balance sheets. Major private-sector investors including US asset manager Blackßock and Pacific Investment Management, the world's biggest bond
        100 words
      • Article
        Lock icon Why Charles Goodyear got Temasek go-ahead
        75 2 THE appointment of Charles Goodyear as the first foreigner to lead Temasek Holdings has sparked plenty of debate since the news was announced last month. And the debate continued in Parliament yesterday, when some MPs wanted more light shed on the decision to name
        75 words
      • Article
        Lock icon S'pore economy bottoming out: NTU economist
        89 2 THE bottom is around the corner, says university economist Choy Keen Meng, who sees the Singapore economy shrinking 4 per cent this year. Recent upticks in global leading indicators suggest the worst may soon be over, though firm recovery may still be a while
        89 words
      • Article
        Lock icon Geithner wants power to wind down firms
        65 2 THE Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document.
        65 words
      • Article
        Lock icon $29.8 m accrued bonus over 3 years for CapLand CEO
        74 2 CAPITALAND'S chief executive officer Liew Mun Leong was awarded a performance-based bonus of $2.98 million last year, bringing the total awarded to $29.86 million for three record profit years from 2006 to 2008. But this does not mean that he
        74 words
      • Article
        Lock icon Going concern status of 2 more S-chips in doubt
        40 2 AUDITORS have raised the red flag on two more S-chips China Enersave and Sino-Environment Technology Group over the uncertainties surrounding their abilities to continue as going concerns. COMPANY NEWS, PAGE 8
        40 words
      • Article
        Lock icon Property investment sales hit 10-year low
        68 2 PROPERTY investment sales have fallen to levels last seen in 1998, registering a 10-year low. CB Richard Ellis says that total investment sales have so far amounted to $184.6 million in the first quarter of 2009. The last time quarterly investment sales were lower,
        68 words
      • Article
        Lock icon China sketches alternative to US dollar
        93 2 CHINA on Monday proposed a sweeping overhaul of the global monetary system, outlining how the US dollar could eventually be replaced as the world's main reserve currency by the IMF's Special Drawing Right. Zhou Xiaochuan, governor ofthe People's Bank of China, said: "The role
        93 words
    • Article, Illustration
      Lock icon WTO warns of crippling 9% trade plunge
      698 2 AP, Reuters [GENEVA] Global trade will shrink by 9 per cent this year in the most devastating collapse since World War 11, the World Trade Organization said on Monday. The WTO said commerce in rich countries would fall furthest, by about 10 per
      AP,; Reuters; /Vorld Trade Organisation Graphics adapted from Reuters  -  698 words
    • Article, Illustration
      Lock icon S'pore to raise its game as business magnet
      666 2  -  LYNETTE KHOO ARTHUR SIM Bottom in sight, says Tharman; doing business to become even easier By and [SINGAPORE] The government will try to attract new businesses and make life even easier for existing ones as it awaits an economic recovery. Speaking at
      666 words
    • Article
      Lock icon Geithner wants powers to wind down firms
      571 4 Reuters, AP Treasury chief wants authority over a broader range of companies [WASHINGTON] US Treasury Secretary Timothy Geithner told an angry Congress yesterday that he needs authority to step in to shut down troubled institutions like American International Group (AIG) to avoid future
      Reuters, /; AP  -  571 words
    • Article
      Lock icon Executives cough up US$50m of their bonuses
      552 4 AFP, Bloomberg AIG SAGA Recovery of USsBsm given to employees outside US unlikely [WASHINGTON] Executives with AlG's financial products division have agreed to pay back US$5O million in bonuses amid outcry over the insurance giant's use of taxpayer cash for executive perks, officials
      AFP,; Bloomberg  -  552 words
    • Article, Illustration
      Lock icon Is the plan enough to save his job?
      659 4  -  LEON HADAR NEWS ANALYSIS Treasury chief under pressure; his future rests on new plan's success By in Washington AMERICAN and global markets have responded positively to US Treasury Secretary Tim Geithner's much anticipated programme aimed at buying up hundreds of billions of
      AFP  -  659 words
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      Lock icon Page 2 Advertisements Column 1
      217 2 BMii Iryjala Lumpur fcwssF&j fl. *'IIIiIUJUniJIIiJIIIHIHI, lllUNll |ff^J>j| Km I*M HS^S »a«r- fcLr^lgS L—jc± .!LZZ»Elevated land with great qeomancv mW iTOjgn ■*^"^h^*^*^~"! ,j^..~^f i?*wmwE2&frl "P"i "ISS'3 mins to Orchard Rd, pie, cte l' Mf Strategy driven approach with automation and escalation •"i^retaZrt C^SSIM S I,'X^flLi iSslfll 'Iffl "IH Orchards Newton
      217 words
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      153 3 II I I II II 11 V 111 II I I I ~l; —|r4 I ———p-— Watm^km^ iU~ AW^JBrnm^m^Sßi mm Wlmm oaW \\M J hUla^ For more information please visit www.porsche.com.sg Trust is still the best basis for a long standing relationship. The 5-year free maintenance and warranty programme. With
      153 words
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      329 4 mA FORUM towards better Date Thursda* 2April2oo9 A r\2 o o 9 governance and transparency T,me 900am-1230pm Venue NTUC Business Centre Auditorium, Level 7 CPA Forum 2009 is a collaboration Opening Address and Award Presentation by Guest-of-Honour: 1 Marina Boulevard between The Business Times, Mrs Lim HweeHua, Senior Minister of
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  • COMPANY NEWS
    • Article
      Lock icon $29.86m accrued bonus over 3 yrs for CapLand CEO
      667 5  -  UMA SHANKARI Actual take-home amount may differ as clawback kicks in for bad years By DEVELOPER Capita Land's chief executive officer Liew Mun Leong was awarded a performance-based bonus of $2.98 million last year, bringing the total awarded to $29.86 million
      667 words
    • Article
      Lock icon FSL Trust seeking mandate for buy-back of units
      304 5  -  JAMIE LEE Move will allow purchase of up to 10% of issued units By First Ship Lease Trust (FSL Trust) is seeking unitholders' approval for a unit buy-back mandate. FSL Trust Management (FSLTM), the trustee-ma-nager, said FSL Trust will hold an extraordinary
      304 words
    • Article
      Lock icon Why Venture remains a safe bet
      685 5  -  WINSTON CHAI TECHNOLOGY counters don't always come to mind as storm shelters for investors but market watchers seemed to have made an exception in the case of Venture Corporation. Despite dwindling profits and recurring investment losses, analysts continue to heap praise on this blue-chip,
      685 words
    • SINGAPORE MARKETS
      • Article, Illustration
        Lock icon Yen crosses in focus as risk appetite returns
        905 6  -  LARRY WEE CURRENCIES Together, the Fed and US Treasury offer up to USs2.2t in damage relief FINANCIAL markets appear keen to take risk again, thanks in big part to outsized gains of 10 per cent and more on Wall Street over the
        905 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        95 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 14 2 0 0 0 0 14 2 0 lanufacturing 59 38 59 10 10 69 45 69 Commerce 24 14 18 26 16 21 'pt/Stor/Comms 13 11 13 13 12 14 :inance 17 17 Construction
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        101 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lultl Ind 31.007 31.007 106.036 106.036 lanufacturing 473.205 16.028 489.233 160.303 714 161.017 Commerce 116.736 6.882 123.618 57.254 821 58.075 'pt/Stor/Comms 145.555 280 145.835 211.432 12 211.443 :inance 71.309 71.309 479.498 479.498 Construction 34.107 2.738 36.845 2.323 58 2.381 ■roperties 188.381
        101 words
      • Article
        Lock icon STRAITS TIMES INDEX STOCKS
        105 6 lapitaLand 2.290 4-0.090 lapitaMall 1.280 4-0.150 lityDev 5.130 -0.120 lomfortDelGro 1.320 Iosco Corp 0.810 -0.010 IBS Grp 8.380 4-0.380 :&N 2.560 4-0.070 Sent Intl 0.470 4-0.010 iolden Agri 0.300 4-0.010 IK Land 2.340 4-0.160 IMH 18.100 -0.400 ISH 10.000 4-0.080 lardineC&C 11.160 4-0.560 leppel Corp 5.170
        105 words
      • Article, Illustration
        Lock icon BROKERS' TAKE
        669 6  -  JAMIE LEE Reits UOB KAY HIAN, March 23 INTEREST rates to remain low for extended period: The US Federal Reserve stated in its Federal Open Market Committee (FOMC) statement dated March 18, 2009 that it intends to maintain the target range for its federal funds rate at zero
        669 words
      • Article, Illustration
        Lock icon Traders continue to hope US rescue plan will work
        593 6  -  R SIVANITHY STOCKS HOPES that Wall Street will continue to embrace the US government's latest bank rescue plan kept Monday's upward momentum going yesterday, pushing the Straits Times Index up 42.26 points or 2.5 per cent to 1,706.34, thus bringing the
        593 words
      • Article, Illustration
        Lock icon STRAITS TIMES INDEX
        4 6 DAILY
        4 words
      • Article
        Lock icon OTHER SINGAPORE INDICES
        55 6 CLOSE IT OB/OS 578.00+125.C IT CADI -*****.00 +92. IT 10-day MA -*****.00+57.01 TSE ST Mid Cap 329.72 +6.0 TSE ST Small Cap 255.45 +1.0' TSE ST All Share 403.40 +9.31 TSE ST China Top 149.91 -0.1 TSE ST China 146.69 -0.8I OB Catalist 66.86 +0.5 IMSCI 206.18
        55 words
      • Article
        Lock icon MOST ACTIVE STOCKS
        53 6 VOLUME CapitaLand 80,510,000 Golden Aqri 80,465,000 Chartered R 79,880,000 China Honqxinq 79,320,000 StraitsAsia 55,711,000 BanJoo 45,732,000 SingTel 34,330,000 NOL 31,586,000 Cosco Corp 31,452,000 CapitaMall 30,510,000 VALUE(S) DBS Grp 198,854,098 CapitaLand 179,833,964 UOB 149,608,430 SingTel 87,145,015 Keppel Corp 77,084,702 OCBC Bk 76,776,480 SGX 51,317,030 StraitsAsia 47,466,655 CapitaMall 37,205,190
        53 words
      • Article
        Lock icon RISES
        104 6 CLOSE UP iBXT Ni 10US$ 6078 690.3 8.1 IOB.ES.0903 1042 76.0 7: ICBCCai 5.1%NCPS 100 8720 60.0 0. lardine C&C 1116 56.0 5. IOB 1028 49.0 5.' iBS.ES.0903 839 42.0 5. ICBC Bk4.5%NCPS 100 8050 40.0 0. iBS Gr| 838 38.0 4.: Con 517 27.0 5. IK Land 234
        104 words
      • Article
        Lock icon FALLS
        117 6 CLOSE DOWN DBXT S&P Short 10US$ 7850-482.3 -3.9 LP 10US$ 9212-268.3 -1.9 "hai Prime Fd 330-104.0 -17.3 IMH 1810 -60.3 -2.2 Kei RBePW*****6 116 -33.0 -22.1 ICBCCai i.93%Pref10 6950 -30.0 -0.4 ;TI 1750 DBePW/*****4 29 -27.5 -48.7 m 1700BNPePW*****9 21.5 -13.5 -38.6 Dain irm 445 -12.1 -1.8 :it 513
        117 words
      • Article
        Lock icon CURRENCIES
        85 6 Where S! i$ stands Mar 24 CHNG CLOSE FRMar23 YR 2008/2009 S$ LOW S$ HIGH uss 1.5080 0.17 1.5579 1.3457 Euro 2.0518 0.42 2.2064 1.8640 Pounds 2.2193 -0.90 2.8431 2.0356 1.0625 -0.92 1.3251 0.9068 'en* 1.5369 1.90 1.7278 1.2619 Rupiah* 0.***** -0.70 0.***** 0.***** Baht* 4.2635 0.36 4.4299 4.0190
        85 words
    • Article
      Lock icon Keppel signs 'knowledge city' MOU
      507 7  -  CHEWXIANG The city's focus will be on attracting and retaining talent, says chairman By in Guangzhou, China KEPPEL Corp is planning a "knowledge city" in the southern Chinese city of Guangzhou that will focus on attracting and retaining talent, said Keppel Corp chairman Lim Chee
      507 words
    • Article
      Lock icon Straits Asia shares swing on PTTS bid
      350 7  -  JOYCE HOOI By THAI energy group PTT Public Company's intentions to acquire Straits Asia Resources saw a mixed reaction on the stock market yesterday as the mining company's share price gyrated before closing unchanged. The stock ended the day at 84.5 cents unchanged
      350 words
    • Article, Illustration
      Lock icon China loans to stir water treatment industry
      363 8  -  JAMIE LEE By SIGNS of easier credit in China could put an end to the drought of orders in the water treatment industry, says DBS Vickers Securities. The brokerage also says Singapore's water stocks are the cheapest in the region, and recommends Epure
      363 words
    • Article
      Lock icon Going-concern issues raised on 2 more S-chips
      505 8  -  LYNETTE KHOO Focus this time falls on China Enersave and Sino-Environment By AUDITORS have raised the red flag on two more S-chips China Enersave and Sino-Environment Technology Group over the uncertainties surrounding their abilities to continue as going concerns. China Enersave auditors, in
      505 words
    • Article
      Lock icon Chemoil expects Fujairah terminal completion in 2011
      441 8 Reuters Its storage facility's capacity will then rise to 700,000 cv m [FUJAIRAH, UAE] Singa-pore-listed marine fuel trader Chemoil Energy expects its 600,000 cubic metre storage facility in the United Arab Emirates port of Fujairah to be completed in 2011, a year later
      – Reuters  -  441 words
    • COMPANY BRIEFS
      • Article
        Lock icon Koon Hldgs bags $16.5 m project
        74 8 KOON Holdings has won a project for construction works worth $16.5 million for the proposed wetlands at Lorong Halus Landfill, with a related maintenance services contract worth another $2 million. The project is expected to contribute positively to the group's performance for the financial
        74 words
      • Article
        Lock icon United Fiber unit gets UAE business licence
        64 8 UNITED Fiber System Ltd said that its wholly owned subsidiary, Poh Lian Construction (Pte) Ltd, has received its commercial licence from the Department of Planning Economy of Abu Dhabi, UAE. This allows its newly established branch in Abu Dhabi to undertake general contracting
        64 words
      • Article
        Lock icon SMRT Silver Tribute Fund raises $1m
        84 8 THE SMRT Silver Tribute Fund (STF) has raised $1 million for more than 5,000 needy elderly and their caregivers from eight beneficiaries in spite ofthe economic downturn, topping its inaugural effort 0f5932,181.62in2007. Commuters, corporate sponsors, individual donors and SMRT staff donated about $527,000 to
        84 words
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      Lock icon Page 5 Advertisements Column 1
      261 5 M^^2^^ One company. One vision. j^^^^ One purpose. We are focusing our attention on the most important business there is: helping our clients secure their financial lives. The merger of Bank of America Corporation and Merrill Lynch Co., Inc. has created a partnership that is exceptional in its size, scope
      261 words
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      15 7 TUNB YOUR RAP/O TO of' 7 BEST MUSIC ONLY ON win best mum mmmmmmmmmuummmmmmmmmmmmmmmm www.radio9l3.com
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      Lock icon Page 7 Advertisements Column 2
      95 7 mmmt^mmm W^^ m W_ M m t .^PP^^^^^^^^^H M "^^^^^^^^^^^^^B 's*~ mmsmm*mmm9ttmmmmW^ i^HH, Jb' /.^bH Wttmw m^^Lm^S^ mmm, m^^^^mmmmmm^.^—mmmmli^ Bk. mmmMimm "^'^B i^jAml: ™fti JpaJL W&L^WF^timmmi V J /(1 A^Hl W' 'iIH v fcjb^ y Mb? BbW V BB j^^^^mmWf m*. •*\'^m9»7mmmm w\ [■■^■^1 for ■^pw^SstJl^SSN' r '%i^Wl^H ]^BBBBBK$&^ *V^'-*-**
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      154 8 FINANCIAL REPORTING PAYROLL PROCESSING XBRL Filing Payroll Administration SWAT Accounting Leave Administration Routine Accounting GST Training Administration Reporting Staff Insurance Administration CFO2SME™ Claims Processing Business Crisis Management Employment Pass Work Permit Application STAFFING SOLUTIONS IT OUTSOURCING MANAGED SERVICES SAGE ACCPAC ERP Technical Managed Services in Accounting SuPPort Implementation Services Business
      154 words
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      131 9 SingaporeßusinessAwards 2009 WlW^L—^L—^L—^L—^L^^^^M We salute our skipper, Chairman CX Ow for being named Businessman of the Year. Under his astute leadership, we have disposed of ten vessels at the peak of the market, distributed approximately $205 million in dividends since 2005 and achieved nil gearing. Our remaining m fleet of
      131 words
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      182 10 Singaporeßusi^ssAwards 2009 VI fc^^^ \mmmmmmmmmmm\\m»*kmmmmmmm. ne Board Directors of Stamford Land Corporation Ltd and its entire management team in Singapore, Sydney, Melbourne, Brisbane, Adelaide, Perth and Auckland -^1 congratulate Mr C X Ow, our Executive Chairman for "^***^J f winning the "Businessman of the Year" Award. I Under Mr Ow's
      182 words
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      100 11 Sj^GAPOREBUSINESSAWARDS 2009 Our Board and Management are proud that our Executive Chairman, Mr C X Ow has been awarded "The Businessman of the Year". As a result of his foresight, we have pursued an "asset W^ light" strategy and this year was ranked "the first in terms of return on
      100 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Reimbursing donors not a must: Khaw
      456 12  -  CHEN HUIFEN Hota changes bring Spore in line with countries that allow some payment By THE amended Human Organ Transplant Act (Hota) does not make it compulsory for organ recipients to reimburse their donors. It merely allows them to, if they wish, make some
      456 words
    • Article
      Lock icon Asean broadcasters get Smart in downturn
      190 12 AS economies worldwide continue to weaken, Asean broadcasters hope to find strength in numbers to tackle the downturn. Six media companies have joined forces to form the Smart Alliance, a group that aims to help members improve content acquisition, export efforts and reap economies
      190 words
    • Article, Illustration
      Lock icon MAS, UAE central bank ink MOU
      140 12 THE Monetary Authority of Singapore (MAS) has signed a memorandum of understanding (MOU) with the Central Bank ofthe United Arab Emirates (CBUAE). The pact paves the way for sharing information to strengthen the supervision of cross-border operations of financial institutions under the purview of
      140 words
    • Article
      Lock icon Micron loan to stoke investment: Hng Kiang
      387 12  -  CHUANG PECK MING By THE government has given US memory chip giant Micron Technology a $300 million loan to "facilitate" more investment in its local joint-venture wafer fab plant TECH Semiconductor, Trade and Industry Minister Lim Hng Kiang said yesterday. The three-year loan
      387 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon First Jobs Credit payment comes to $920 m
        48 12 ONE hundred thousand employers employing approximately 1.3 million local workers, will receive $920 million from the first Jobs Credit payment on March 31. Jobs Credit, which is part ofthe $20.5 billion Resilience Package, will be automatically granted to eligible employers.
        48 words
      • Article
        Lock icon HSBC in Asia-Pacific to observe earth hour
        33 12 HSBC Asia-Pacific offices will participate in WWF's earth hour on March 28. They will turn off their lights in order to pledge support for climate change.
        33 words
      • Article
        Lock icon Parkroyal joins Global Hotel Alliance
        44 12 PARKROYAL Hotels and Resorts has become the eleventh member of the Global Hotel Alliance (GHA), the world's largest alliance of independent hotel brands. Parkroyal, which has its headquarters in Singapore, will add six upscale hotels to GHA's Asian network.
        44 words
    • Article
      Lock icon Property investment sales fall to 10-year low
      501 14  -  ARTHUR SIM Q1 2009 sales drop 56.4% from previous quarter and plunge 98% year-on-year By PROPERTY investment sales have fallen to levels last seen in 1998, registering a 10-year low. CB Richard Ellis says that total investment sales have so far amounted to
      501 words
    • Article, Illustration
      Lock icon Mining companies turn to SWFs
      483 14  -  MICHELLE YEO ZHANG Yl TING By and MINING companies are now turning to sovereign wealth funds (SWF), such as Temasek Holdings, for funding as the economic crisis deepens and banks shy away from risky projects. "SWFs are the new players in global finance," said Fabio
      REUTERS  -  483 words
    • Article
      Lock icon Stanchart offers Visa card with up to 10 times of credit limit
      350 14  -  TEH SHI NING By STANDARD Chartered yesterday launched a new credit card that rewards customers for what they save, bank and invest on top of what they spend. Through the Visa Infinite card, the bank is taking advantage
      350 words
    • Article
      Lock icon US$169 for a nighthotel room rates slide in Q4
      296 14  -  NISHA RAMCHANDANI Hoteliers around the world forced to cut rates: report By THE average hotel room rate in Singapore fell 14 per cent year-on-year to US$l69 a night in the fourth quarter of 2008 as hoteliers cut prices amid the visitor
      296 words
    • Article
      Lock icon Autonomy and work recognition main draw for job seekers
      476 14  -  CHEN HUIFEN By CONTRARY to what many SMEs think, size and salary are not top considerations to potential recruits in their job search, according to a survey by the Singapore National Employers Federation (SNEF) and branding specialist StrategiCom. Rather, it is
      476 words
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      44 12 (JP^ I RQgnngF aw rag™ v jz4* m Hfl pHKHpHHIBpHB HJMM|||MRMS| HIM Bl H ffl! mini Kspf<-L'VK3 Ml HH ■vsMiJiw^g ■mmmmjAuSS ■k HKfl Bj—S ■U9AJ BUH W WT "^5 LAND CORPORATION LTD s A PfMfnni^ a4^mm Singapore Shipping Corporation Limited LOGISTICS CORPORATION LTD. -^B6^
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      153 13 SingaporeßusinessAwards 2009 If was with yrz^jtyy v*w^ tiWk SUTPff}e y triAf we qreetew the news ofuour wikn/nq the ousinessPyyAn, of me Year Await? for 2DT)P. A I you Kavc Mmtaim been, soh^eot^e who shoe out frofr^ ihe rest. 1 Ar& we Ate mrh tAUQng only Atrouf your fehentftr^nAt :pr* W
      153 words
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      247 14 B PHOENIX hhhmAhhßhbhUh^A Make an affordable \J\ >r #>v "^V/Wmm^\mmmmmkmm\ J I Australia V 1 I ->T- f( i. Canada _^^^T I^^ China VVyT Jkj s^«^ France Mr\ I A Germany I 11 I Hong Kong I 1 #6) Italy lafe > lCy*\\ I jLy m Japa" mJ B^V^L V
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  • ECONOMY WATCH
    • Article
      Lock icon Asian G2O leaders warned of spillover from global financial crisis
      641 15  -  ANTHONY ROWLEY Region isn't acting with the urgency the situation demands, says policy group By in Tokyo AHEAD of next month's G2O summit meeting in London, Asia's key political leaders are being urged by a region-wide group of experts to
      641 words
    • Article
      Lock icon Seoul unveils 29t won extra budget to fight slump
      283 15 AFP [SEOUL] South Korea yesterday announced a 28.9 trillion won (Ss32 billion) extra budget aimed at pulling the country back from the brink of its first recession in 11 years. The Strategy and Finance Ministry said the budget will save and
      AFP  -  283 words
    • Article, Illustration
      Lock icon ECB may cut rates further: Trichet
      344 15 -AP, Reuters [MEXICO CITY] The European Central Bank's chief says more interest rate cuts may be needed to boost Europe's slowing economy. The bank cut its benchmark rate from 3.75 per cent last November to 1.5 per cent in March, the lowest in its
      -AP,; Reuters  -  344 words
  • Page 15 Advertisements
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      200 15 LuaURY A r^m -^SSsJal mk. S§F"" I Wrj&SiA v wr i EB isiiisisgiii 3SKH .1332 &KBI ■f J mmma—M a^aMafl MET L^Rl|aTrkla»*TSn«T*^E7*T7aKlV7Slfl _^^al JH^ 1 .^l^E ■\1 -S \FOOD 1 lI.IIMI -^T HIGH FYINT 8.1 l iA» ■ff* m"2!!S jPtJIJ 18th April 2009(2-4pm) 18th April 2009(6-9pm) A mßmm¥^ 4 Ii
      200 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Recession on the horizon for Malaysia
      443 16  -  S JAYASANKARAN Securities house forecasts worst case scenario of 4.5% contraction in GDP By in Kuala Lumpur A STEEP fall in Malaysia's exports in January (28 per cent year-on-year) has led a local securities' house to predict a recession in 2009 and suggest that
      443 words
    • Article
      Lock icon TM International offers to sell stock at 57% discount
      200 16 Bloomberg [KUALA LUMPUR] TM International Bhd, Malaysia's state-controlled mobilephone operator, offered to sell stock at a 57 per cent discount in a rights issue to raise RM5.25 billion (552.2 billion) and help pay off debt. Shareholders will be able to buy
      ■ Bloomberg  -  200 words
    • Article, Illustration
      Lock icon Public Bank eyes RMlb initial capital issue
      395 16 Reuters [KUALA LUMPUR] Malaysian lender Public Bank has not decided on the size of the first tranche of its RMS billion (552.07 billion) planned capital issue, but a top official said on Monday that RMI billion is an "efficient issue size". Public Bank,
      ■ Reuters; BLOOMBERG  -  395 words
    • Article
      Lock icon Fls shine in M'sian firms' ratings outlook
      541 16  -  PAULINE NG By in Kuala Lumpur MALAYSIAN companies appear to be holding up in the financial crisis, judging by the stable ratings outlook accorded to four-fifths of 296 outstanding issues rated by RAM Ratings. Financial institutions (Fls) are the stand-out, with only one
      541 words
    • Article
      Lock icon Saudis invested US$1.3b in Indonesian agriculture projects in '08
      185 16 Reuters [RIYADH] Saudi investors launched agricultural projects in Indonesia worth US$l.3 billion last year, a top business official said on Monday, as the world's top oil exporter seeks to secure food supplies from abroad. Mohamed Abdulkader al-Fadel, who chairs Saudi Arabia's
      ■ Reuters  -  185 words
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      335 16 FLY ANA to Tokyo Osaka* Nagoya* Travel Period: Sales Ticketing: 08 Apr -30 Jun 09 01 Apr -22 Apr 09 Be AMAZED by our ALL-INCLUSIVE fares! Plus, ENJOY convenient connections to 8 Japanese cities! Sapporo Sendai Osaka Nagoya Fukuoka Hiroshima Komatsu Okinawa Fares are inclusive of all applicable taxes, surcharges
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China sketches alternative to US dollar
      476 17 Reuters Central bank governor highlights potential of SDRs as reserve currency [BEIJING] China on Monday proposed a sweeping overhaul ofthe global monetary system, outlining how the US dollar could eventually be replaced as the world's main reserve currency by the IMF's Special Drawing Right.
      ■ Reuters  -  476 words
    • Article
      Lock icon Car mags give Nano a big thumbs up
      256 17 ■AFP [MUMBAI] Car magazines yesterday gave the thumbs up to the new Tata Nano, hailing the world's cheapest car as "one ofthe greatest bargains of all time" and "a triumph of Indian ingenuity". The tiny car, which costs just 100,000 rupees (552,981.80
      ■AFP  -  256 words
    • Article, Illustration
      Lock icon Goldman in talks to cut ICBC stake: report
      462 17 Reuters Trimming the stake by 15-20% could raise about US$l b [HONG KONG] Goldman Sachs Group Inc and the Industrial and Commercial Bank of China (ICBC) have been in discussions about the New York bank reducing its stake in the world's largest
      Reuters; BLOOMBERG  -  462 words
    • Article
      Lock icon Moves to curb Taliban influence
      161 17 Xinhua [NEW DELHI] India, Iran and Russia are considering cooperative actions to contain the rising influence of the Taliban in Afghanistan, reported the local daily The Times of India yesterday. The three countries will discuss this issue during the Shanghai Cooperation Organization (SCO) ministerial meeting
      Xinhua  -  161 words
    • Article
      Lock icon Congress party widens welfare
      286 17 Bloomberg [NEW DELHI] India's Congress party, head ofthe ruling federal coalition, said that it will expand farmer welfare plans, including interest relief on agricultural loans, following a debtwaiver programme announced last year. Prime Minister Manmohan Singh said that the policies of his government had boosted the
      ■ Bloomberg  -  286 words
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      247 17 o fl^^Hn^B Liftjour spirit on Sundays. m» -t*jJßJll^.. B Reserve your Sunday for an exciting treat of fresh seafood and foie gras. lm^f JtfiSm&!xs& I BVw With Louis Roederer Champagne as accompaniment, you can toast the week with friends and family whilst you unwind. 'ilWffiaEl- k lm it v Children
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Obama to explain economic moves to public
      427 18 Reuters He has been facing outrage over exec bonuses, scepticism about budget size [WASHINGTON] Facing anger over corporate bonuses and scepticism about his massive budget, US President Barack Obama was set to hold a news conference yesterday to explain his economic strategy to
      Reuters  -  427 words
    • Article
      Lock icon Bristol-Myers paid its CEO US$25m last year
      204 18 Bloomberg [NEW YORK] James Cornelius, CEO of Bristol-Myers Squibb was awarded about US$25 million in compensation last year, more than double his 2007 pay, according to a company filing. Mr Cornelius, 65, was appointed CEO in September 2006 and added the role of
      ■ Bloomberg  -  204 words
    • Article, Illustration
      Lock icon Nissan's China sales up 38% as global sales slip
      502 18  -  ANTHONY ROWLEY Compact vehicles demand gives car maker needed boost By in Tokyo AMID plunging vehicle sales worldwide, the China market continues to glow like a beacon of hope. Nissan said yesterday its China sales rose 38 per cent last year
      REUTERS  -  502 words
    • Article, Illustration
      Lock icon Ozawa to stay despite fund-raising scandal
      302 18 Reuters, Bloomberg [TOKYO] Japanese opposition leader Ichiro Ozawa said yesterday that he would stay in his post for now despite the indictment of a close aide in a fundraising scandal that has clouded his party's prospects in a looming election. But 66-year-old Ozawa, wiping
      Reuters,; Bloomberg  -  302 words
    • Article
      Lock icon Dubai partner sues MGM for risking Vegas project
      491 18 AP [LAS VEGAS] The Dubai developer building an US$B.6 billion complex on the Las Vegas Strip with MGM Mirage is suing the casino company because it is worried about the project's viability. Dubai World subsidiary Infinity World claims in a lawsuit filed
      AP  -  491 words
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      177 18 JT r X WtWjI AWLmmMM M m»M^t\ A jf J /s m m \—mv^ m^m^m m* m mm^^m ■ngtutMSMjffA-yH 1 J f^c -K\\^ ißtL—^. a^^Bk. ,afai ajf KSLm&w W jg tSBUM HHa^RJa^BTaataV. Fares shown are per person for a Business Class round trip inclusive of airport tax, insurance and fuel
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  • WORLD
    • Article
      Lock icon Hedge funds win vote of confidence in survey
      558 19 Despite shakeout, industry expected to beat market with 5-10% returns in '09 [NEW YORK] Hedge funds are down, but not out. That, anyway, is the conclusion of a closely watched industry survey scheduled to be published yesterday, which paints a sobering portrait
      558 words
    • Article, Illustration
      Lock icon 96% pay cut for Barclays head
      318 19 Bloomberg [LONDON] Barclays Pic, the UK's third-largest bank, has cut its president Robert Diamond's compensation by 96 per cent as executives waived bonuses amid growing public anger over pay for top bankers. Mr Diamond, 57, was paid £250,000 (*****,000) last year, compared with £6.75
      Bloomberg  -  318 words
    • Article
      Lock icon Obama fills key positions at Treasury Dept
      402 19 Reuters [WASHINGTON] US President Barack Obama on Monday moved to fill the leadership vacuum at the Treasury Department, tapping former Treasury official Neal S Wolin as Secretary Timothy Geithner's number two and former White House aide Lael Brainard for the top international job.
      Reuters  -  402 words
    • Article
      Lock icon Lloyd's 2008 pre-tax profit halves to £1.9b
      270 19 Reuters [LONDON] Lloyd's of London, the specialist insurance market, said its profit halved last year because of hefty hurricane losses and weaker investment returns. Lloyd's reported a 2008 pre-tax profit of £1.9 billion (Ss4.l billion) yesterday, down from £3.85 billion in 2007. Lloyd's
      Reuters  -  270 words
  • Page 19 Advertisements
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      45 19 llliJjjaH^aHj til 1 so fa^? o e PoW 1 x coipo1 1 H .Am*!™ f/ 1 J IMF i on me y tte n \wtk\ mm updatedw L-<^S^^ CQ m^^^^^^Ra^^^jmmwT^^^ mmm m^ lv Hk. *.?>s*• P mmMmmm^ I< I *-*< C*^ A^ 'Ik I -k 'mm\\^^^mmm\\
      45 words
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  • US RECOVERY PLAN
    • Article, Illustration
      Lock icon US has obligation to fix financial system: Geithner
      447 20 Bloomberg [NEW YORK] Treasury Secretary Timothy Geithner said the US has an "obligation" to fix its financial system and boost confidence around the world that a market economy with proper oversight can thrive. "We have a great obligation to get this right,"
      ■ Bloomberg; AFP  -  447 words
    • Article
      Lock icon AIG furore may have helped funds in toxic assets plan
      314 20 Reuters [NEW YORK] In an ironic twist, public anger about massive bonuses at bailedout insurer American International Group (AIG) may have helped big investors land a sweeter deal in the US government's latest financial rescue plan. Managers of some major
      – Reuters  -  314 words
    • Article
      Lock icon Obama spending big to promote clean energy
      595 20 LAT-WP The plan will help create more jobs and double supply of renewable energy [WASHINGTON] President Barack Obama outlined plans on Monday to spend about US$59 billion in economic stimulus funds and US$l5O billion from the federal budget to promote what he calls
      LAT-WP  -  595 words
    • Article
      Lock icon Analysts, academics scoff at latest financial bailout plan
      772 20 -LAT-WP Only direct capital injection will work, some say [WASHINGTON] Investors may have cheered the administration's latest financial bailout plan on Monday, but a chorus of academics and financial analysts expressed scepticism, saying there are better ways to restore the health of
      -LAT-WP  -  772 words
    • Article
      Lock icon The nuts and bolts of the great American clean-up
      875 20 Reuters [WASHINGTON] HERE are some questions and answers about US Treasury Secretary Timothy Geithner's plan to cleanse toxic assets from bank balance sheets. Q: What is the problem the Treasury is trying to solve? A: The bursting of the US housing
      ■ Reuters  -  875 words
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      1270 20 g^NOTICES The Thai Prime Fund Limited (Company Registration Mo. 1S*****33G) (Incorporated In the Republic of Singapore) Notice of Twenty-First Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Twenty-First Annual General Meeting p2lst AGM") of the Thai Prime Fund Umlted [the "Company*] will be held at 4 Robinson Road #05-01
      1,270 words
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  • Page 21 Advertisements
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      737 21 I for your US D^ r f' I Maximise your US Dollar savings with your trusted partner. Enjoy these high returns with our 18-month Step Up USD Fixed Rate Account with 100% principal protection! OSSM f mmmm t mM First 9 months 2.8% p.a. Next 9 months 3.3% p.a. J
      737 words
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  • Transport HUB
    • Article, Illustration
      Lock icon DCNS' ambitions take wing
      654 22 Its Singapore unit is targeting markets in South-east Asia, primarily Indonesia and the Philippines, reports VINCENT WEE FRENCH naval defence systems provider DCNS is building on its successful partnership with the Republic of Singapore Navy (RSN), Defence Science and Technology Agency (DSTA) and ST Marine in
      654 words
    • Article
      Lock icon Navigating through global downturn
      957 22  -  CHRIS HAYMAN By IN recent years, shipping's sphere of influence has been moving inexorably eastwards. Asia has become the dominant force in world seaborne trade, affecting both imports and exports, and Asian interests now control more than half of the global merchant fleet. Industrialisation of Asia,
      957 words
    • Article
      Lock icon Rig count to bottom out by Q2: report
      190 22 Bloomberg [DALLAS] Oil and natural gas rigs operating in the United States, which dropped to a five-year low of 1,085 last week, could bottom out at 800 to 1,000 as soon as the second quarter, according to a Pritchard Capital Partners report
      – Bloomberg  -  190 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        109 22 '000 lar CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KiVentures Keppel Corp MTQ Corp HOC Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.26 0.14 0.81 0.34 0.65
        109 words
      • Article
        Lock icon KLSE
        35 22 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.61 8.40 8.30 3.00 2.75 0.02 unch 0.02 0.05 -0.10 0.05 -0.04 0.01 unch 5: 103! 141 148! 21 7!
        35 words
      • Article
        Lock icon BANGKOK
        7 22 ■oo ■recious Ship 10.30 -0.20 6421
        7 words
      • Article
        Lock icon HONGKONG
        11 22 '000 Doil lingamas Cont .20.95 ...0.54 1.55 3591 0.14 *****
        11 words
      • Article
        Lock icon PHILIPPINES
        21 22 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop ...5.70 .11.00 .unch ...0.70 0.30 0.50 unch -0.10 691 415( 1(
        21 words
      • Article
        Lock icon TAIPEI
        16 22 lar Evergreen Marine ...15.50 :irststeamship 41.20 /Van Hai Lines 15.70 1.00 1.50 0.65 2! 2]
        16 words
      • Article
        Lock icon TOKYO
        43 22 '000 lar 'en (awasaki Hvy lnd...202.00 (awasaki Kisen 335.00 Mitsubishi Hvy 320.00 vlitsui Eng&Sbldg ..174.00 vlitsui Osk Lines ....538.00 Nippon Express 323.00 Nippon Yusen 416.00 'iource: Thomson Reuters 5.00 ***** 13.00 ***** 3.00 ***** 6.00 6905 18.00 ***** 3.00 4526 14.00 *****
        43 words
    • Article
      Lock icon Silver lining for marine insurers
      704 22  -  DAVID HUGHES By STRAIT TALK Economic downturn offers some respite from exceptionally high casualty figures for 2007 I AM writing this from a hotel room overlooking the very busy Middle Eastern bunkering anchorage at Fujairah, United Arab Emirates. A well-informed source tells me that there
      704 words
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  • TRANSPORT HUB: AVIATION
    • Article, Illustration
      Lock icon GE Aviation buys out partner in ATI-Singapore
      515 23  -  YEN SREENIVASAN Move will boost its critical repair capabilities for its global customers By [SINGAPORE] The global commercial aviation industry may be struggling amid severe turbulence, but a confident GE Aviation has just coughed up US$3OO million to buy out its partner in
      515 words
    • Article, Illustration
      Lock icon Narita runway reopens
      210 23 Bernama [TOKYO] The main runway at Narita airport reopened yesterday morning following a jet crash early on Monday in which the two crew members were killed. The runway was reopened at 9.10 am (0010 GMT) after the wreckage was completely removed, China's Xinhua news agency quoted the
      Bernama; AP  -  210 words
    • Article
      Lock icon Airlines lobby to preserve global alliances
      388 23 Reuters [WASHINGTON] US and overseas airlines have asked the Obama administration to oppose an effort in Congress that they said would threaten the global aviation alliances that allow relief from antitrust law to coordinate schedules and fares, particularly on transatlantic routes. Lobbyists for airlines,
      Reuters  -  388 words
    • Article
      Lock icon lata hikes loss forecast for airlines to US$4.7b
      708 23  -  YEN SREENIVASAN Asia-Pacific carriers seen as worst hit in latest outlook By [SINGAPORE] The global aviation industry will fare even worse than expected this year, bleeding to the tune of US$4.7 billion, and Asia-Pacific airlines will be the worst hit group. So
      708 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2528 23 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
      2,528 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      479 23 CRYPTIC CROSSWORD ACROSS 1 Tree with a resinous sub- n —i 15 —I [3 —l U —l H7 —|g —l [7 —I |j> stance about to be given I knock (8) j r~ r I 5 Scrapes bit of sleeve in middle mmM of tussle (6) 9 10 9 Others
      479 words
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  • TRANSPORT HUB: LAND
    • Article, Illustration
      Lock icon New E-Class finds fans in Europe
      457 24  -  SAMUEL EE More than 40,000 bookings were collected over a two-month period By DESPITE the current economic gloom, the new Mer-cedes-Benz E-Class has managed to garner more than 40,000 orders in Western Europe even before it goes on sale on March 28 there. "This
      457 words
    • Article, Illustration
      Lock icon Crisis no deterrent to Tyrexpo exhibitors
      476 24  -  SAMUEL EE Event attracts 10% more participants than in 2007 By THE recession has not deterred exhibitors from turning up for the three-day Tyrexpo Asia 2009 that opened at the Singapore Expo Centre yesterday, with organisers saying there are 10 per cent more participants
      476 words
    • Article
      Lock icon Deutsche Post DHL aims for bigger global presence
      530 24  -  YEN SREENIVASAN By A RESTRUCTURED Deutsche Post DHL powered by the twin engines of the German domestic mail business and the international logistics operations is ready to expand its global presence and grow its profitability. Company CEO Frank Appel said the new
      530 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      141 24 www.vw.com.sg xjffir d' v 'FsmmY\ i 7 3t Jt§^ f-?—J_--■WL P^flL33B|P J/ rr^- 5£ JCr- <JaL■AmW^LmmmmW)^ 'J^*^Sm\^^mwS^kmt^Z^^^ i^^WHkfir "V^* Did you notice the leopard? The new Passat CC. Once you've seen it, you'll see nothing else. It's no wonder why the Passat CC is attracting so much attention. With the
      141 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Additional aid to Pakistan carries risks
      463 25 THE Obama administration plans to increase civilian aid three-fold to Pakistan. This carrot is part of a strategy aimed at convincing the Pakistani military to shut down insurgent sanctuaries, according to US officials. The civilian aid comes on top ofthe more than US$lO billion
      463 words
    • Article, Illustration
      Lock icon Mathematical models deemed infallible. . .
      935 25  - Mathematical models deemed infallible > DENNIS POSADAS are dangerous creatures which can lead to fiascos like the finance sector's meltdown By AS A FORMER Intel engineer, part of my job with the semiconductor giant was to look at past reliability data of equipment and fit that data into statistical models
      BIOOMBERG  -  935 words
    • Article, Illustration
      Lock icon Fish patrols and the language of sea power
      760 25  -  FRANK CHING THE BOTTOM LINE WITH the first meeting between US President Barack Obama and Chinese President Hu Jintao scheduled to take place in London next week, China has backed down, temporarily at least, in its dispute with the United States on
      760 words
    • Article
      Lock icon At last, a plan, not a pipe dream
      649 26  -  RICHARD BEALES One aim of the deal is that the US Treasury will invest with private investors in funds that will buy banks' bad loans By TIM Geithner needed to come up with a credible and detailed "bad bank" plan this time
      649 words
    • Article
      Lock icon Two-way partnership
      118 26 Context News THE proposed Public-Private Investment Programme involves joint private sector and Treasury investments in vehicles that will also borrow with Federal Deposit Insurance Corporation guarantees to buy pools of troubled loans from US banks, which the Treasury calls "legacy loans". In addition, the Term Asset-backed Securities Lending
      Context News  -  118 words
    • Article, Illustration
      Lock icon US and EU go their separate ways
      1131 26  -  CHARLES WYPLOSZ By WHILE the United States calls for a coordinated macroeconomic policy reaction to the ongoing recession, France and Germany are calling for microeconomic measures to prevent the next crisis. While the US is concerned about mounting unemployment and the associated distress
      AFP  -  1,131 words
    • Article
      Lock icon Can SGX, MAS do surprise audits?
      175 26 LETTER TO THE EDITOR I REFER to Ang Hao Yao's letter of March 23 and BT articles calling for greater disclosure by listed companies. The issues raised are commendable but there is a reliance on voluntary disclosure by the company's board and management. In
      175 words
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      Lock icon Page 27 Advertisements Column 1
      4896 27 AmmT^-mm. V#i4L T T^ r< Toll free: 1800-289-8822 S^V X^l V^>/ A IV j I il www.cats.com.sg SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) T Company Registration No *****0016 C ASIA-PACIFIC STRATEGIC INVESTMENTS LIMTED (Company Registration No.: *****9901H) NOTICE OF ANNUAL GENERAL MEETING I (lncorpoated",heßepublc°fSin9ap°e) I 1
      4,896 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8528 28 Transaction date: Mar 24 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi! Com| >an] 9 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 18 6 1938
      8,528 words
    • Article
      Lock icon SGX CATALIST
      1675 29 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr YId ('000) High Low Buyer Seller C'vr Net P/E MCap Smil 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr YId Net ('000) High Low Buyer Seller C'vr P/E MCap Smil
      1,675 words
    • Article
      Lock icon SGX ETF
      343 29 52-Wk Tel h Low Code Last Sale Vol C000) Day Ih Low Last Quote Buyer Seller Div GrYld C'vr Net P/E MCap $mil _H|< Comi _H|< 110 100 6389 ABF SG Bond ETF 108 unch 982 427 CIMBAsean40 100US$ US463 173 149 DBS STI ETF 100 171 +5
      343 words
    • Article
      Lock icon CLOB INTERNATIONAL
      253 29 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
      253 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9337 29 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.485/ AIGIF Spore Bond Fund/A 1.199/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.68/ APS Alpha Fund (USD)!** 0.45/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5103/ APS Komaba Global
      9,337 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      23 28 J 1 V -Mliilpl •>/:"' rasOl '''•"PBILSSS- WHERE EXTREMES MEET "^^^^^-^K ROYAL OAK OFFSHORE COLLECTION J^tiVa)PPW||;*. For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com t^tS^^':^^^^r:^t^R^~r^^^&^\
      23 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 30 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar 23 World Index Preliminan 611.8 3.8 -9.7 3.4 -6.7 3.7 -10.! EAFE Preliminai 586.3 3.1 -9.7 2.6 -8.0 3.0 -12.; Euro[ Preliminan 809.5 2.9
      366 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 30 As at 9am Mar 24 Singapore dollars to one unit if foreign currency: Currencies Bid !t Offer Uist dollar 1.0540 1.0850 .an dollar 1.2250 1.2390 luro 2.0430 2.0670 IZ dollar 0.8540 0.8740 iterlini ind 2.1890 2.2140 JS dollar 1.4980 1.5150 .ocal dollars to 100 units if
      123 words
    • Article
      Lock icon INTERBANK RATES
      153 30 Mar 24 Xierniqht -montii -months [-months Overnight mode: 1/8 JS$ 1/16 7/16 9/16 11/16 Offer PAR 3/16 5/16 7/16 Bid days I montii > months 3 months i months months 12 months tAu 0.60 0.65 1.20 1.50 2.00 2.20 2.30 Offer 0.40 0.55 0.90 1.20 1.70 1.90 2.00
      153 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 30 Mar 24 STI .IMSCI Mar 204.3 208.0 206.4 "aiwan Mar 195.8 197.2 197.2 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Mar 24 S$ Bid Offer 1-month 1.5073 1.5079 2-months 1.5070 1.5077 3-months 1.5069 1.5076 6-months 1.5064 1.5072 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      60 30 Mar 24 lelivery lonth Opening Sett Av Range Price Price Vol Open Done Position Hii Low tyr09 2103 May 09 2065 lun 09 2002 lul 09 1980 Total o/p: ***** contracts 2072 2116 2072 2012 2078 2012 1980 2028 1978 1950 1983 1941 Turnover: ***** Market tone: Lower
      60 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      300 30 Mar 24 URODOLLAR FUTURES un09 >ep09 Dec09 VlarlO 98.7700 98.7700 98.6100 98.5500 7879 3926 4287 2138 EUROYEN TIBOR FUTURES Iun09 99.420 99.420 iep09 99.460 99.460 Dec09 99.455 99.455 VlarlO 99.445 99.445 Iun10 >ep10 DedO \/lar11 99.415 99.460 99.455 99.445 99.415 99.455 99.460 99.445 99.385 99.325 99.280 99.195
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      Lock icon SICOM FUTURES
      200 30 Mar 24 (UBBER Futures (Closing prices) ISS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) Apr 09 147.5 vlay 09 148.7 Iun09 147.5 lul 09 147.0 Aug 09 147.0 >ep 09 148.0 146.5 148.0 147.5 147.0 147.0 147.0 147.0 147.5 147.5 147.5 147.0 147.0
      200 words
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      Lock icon GOVERNMENT SECURITIES
      89 30 Mar 24 'eriod Issue code Maturity Yesterday's Bid Hii Day's [Ii Low 1-Month BQ*****H 25.06.09 -Year BY*****V 02.11.09 0.33 0.45 0.25 0.25 30VERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year N*****0E 3.125 i-Year NX*****Z 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year
      89 words
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      Lock icon CHICAGO BOT
      105 30 Mar 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 09 955.50 952.00 981.25 951.50 Jul 09 952.00 949.00 978.50 948.25 Aug 09 936.50 932.50 961.00 935.00 Sep 09 908.50 905.50 928.00 907.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 33.10 32.25 33.45
      105 words
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      Lock icon CRUDE OIL & PRODUCTS
      75 30 CRUDE OIL PRODUCTS Mar 23 origin) t/barrel Close Cham irent blend (1-Mth F) 53.25 2.33 rVTI (Near Mth) 53.19 1.91 )ubai (1-Mth F) 49.43 1.28 "apis blend 53.65 1.60 i/linas 52.55 1.50 >RODUCT JSS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 48.05 59.20 0.8: 1.41 USS/barrel )pec Oil Basket Price
      75 words
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      Lock icon INTERBANK CROSS RATES
      446 30 Mar 24 Iuro ren Ion 'eso 'am 'ouni lustralia 0.860 4.801 0.517 5.448 35.471 80.154 0.691 9.724 2.550 1.236 56.602 33.812 1.060 6.617 0.790 23.744 24.856 0.480 0.703 Canada 1.163 5.584 0.601 6.336 41.254 93.222 0.804 11.309 2.966 1.438 65.830 39.325 1.233 7.696 0.919 27.616 28.909 0.558
      446 words
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      Lock icon SIBOR
      69 30 Mar 24 mth 0.***** 0.***** mths 0.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 1.***** 0.***** mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15yrs 2.***** mths 1.*****
      69 words
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      Lock icon INTERBANK CURRENCY RATES
      149 30 Mar 24 lurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.0592 1.0603 0.7027 0.7032 "anadian dollar 1.2320 1.2331 0.8173 0.8178 luro 2.0510 2.0518 1.3607 1.3608 IZ dollar 0.8567 0.8578 0.5684 0.5689 aterlini 2.2082 2.2092 1.4650 1.4652 IS dollar 1.5073 1.5078 >$/US$
      149 words
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      Lock icon PRECIOUS METALS
      150 30 Mar 24 /oz) lar lar long Kong 949.10 931.20 950.10 932.20 Mar 20 Mar 23 952.95 949.20 ck/i /ir; cn;n /in (SS) Selling Buying 1 oz 1593.23 1441 UBS GOLD LUNAR KINEBAR (SS) Selling Buying (S» Sellini Bui lim .ondon Source: Thomson Reuters 10gm SILVER $558.54 Selling 458
      150 words
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      Lock icon LONDON METALS
      62 30 luminium, 99.7% urity (US$/tonne) Close Previous :ash 1407.00 months 1445.00 1423.25 1459.00 Copper, Grade A (US$/tonne) ;ash months 4019.75 4060.00 3919.00 3955.00 .ead (US$/tonne) iash months 1337.00 1349.00 1335.25 1345.00 lickel (US$/tonne) ]ash I months 9763.00 9850.00 9893.00 9975.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc.
      62 words
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      Lock icon LIFFE
      68 30 Mar 23 (£/tonne) Close Prev Hii ih/Low Vlay09 1922 1921 1937/1893 lul 09 1882 1877 1895/1855 iep09 1860 1855 1872/1832 Dec 09 1832 1825 1849/1810 IOFFEE (US$/tonne) Close Pev High/Low /Iar09 1566 1535 /lay 09 1582 1560 1584/1550 UGAR (US tonne) l/hite Close Prev High/Low /lay 09 406.2 407.8
      68 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2334 30 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left 2058Advance Modules Grp W*****3 6 susp 1 17 156 1.50 41 2036AdvanceSCTLtdW*****9 0.5 1 87 1844 9.00 17 4178 DBS MBL ICW*****3 9.5 4561
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      2942 31 Shipping times _^V HPI ffCT^BffWWti iff^ffftlßlffil T WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M m aaaaam S^J^ BY Ks*i£ if W([r¥nrmmWTWWm mWa\ VTvi\ IAI A MUA I I I MFC TEL: *****588 (14 LINES) FAX: *****163 _^^™1 .l^^l^l BlM__-^^^^B I^^Jfl BUmM iWINMtBE \\\P* WAN HAI INtj PKL TEL: {03)
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      3593 32 r^VHHE3flß||^B9iH^H W\f\ eastern car liner, ltd Ir@ TjirFTJ** SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS~| WEEKLY EXPRESS SAILING SCHEDULE uuu muuuu^^muuuu^muuu^^^mmuuuMUUUMUU H muuMUU muuMUM^^muuuuuuuuuuuuuuu [Jj^jgjgg^ I voy I Roinp(KT) I tillinq(KT) I LCB I SIN I PKL LCB I JKT I SUR l_i_i-lfl-J-i-U-U-U-K-tt-^^ PCL/PHL SERVICE AMX SERVICE Connecting ECL
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Individuals may get piece of bailout action
      487 33 LAT-WP Two US money managers may set up funds to tap into bad-asset repurchase plan [WASHINGTON] Wall Street stands to get richer off the latest installment of the financial-system rescue. But this time, some individual investors might be offered a piece ofthe action.
      LAT-WP; BLOOMBERG  -  487 words
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      Lock icon Templeton favours Korea bonds, sees weaker S$
      429 33 Reuters [SINGAPORE] US fund manager Franklin Templeton said yesterday that it is buying investment grade Korean corporate bonds as it expects the won to recover from its lows and strengthen against other currencies such as the Japanese yen. "When you have two countries
      Reuters; REUTERS  -  429 words
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      Lock icon Family wealth: how to beat a path to 'harmony'
      1787 34 WILLIAM LEXMOND recommends process-based planning for its simplicity to achieve lasting impact PLANNING the future can be a daunting experience. This is especially so when we have less than 100 per cent accuracy in our predictions. This means that we need
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      Lock icon Buy £ versus ¥ on stock gains, says BNP Paribas
      384 34 Buy versus on stock gains, says BNP Paribas Bloomberg [SINGAPORE] INVESTORS should buy the British pound against the yen on speculation that the UK government's strategy to pump money into the financial system will boost financial shares, said BNP Paribas, France's largest bank. The Bank of England said on Monday
      ■ Bloomberg  -  384 words
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      Lock icon CLOs: the next toxic asset to wreak havoc
      764 34 Reuters [LONDON] Collateralised Loan Obligation (CLO) funds worth some 100 billion euros (*****.32 billion) in Europe are the next ailing asset class set to hurt banks, hedge funds and insurance companies. Managers of smaller CLOs financial vehicles that invest in leveraged loans
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      Lock icon New entrants squeeze hedge fund fees
      640 35 Reuters Industry attracting newcomers as jobless bankers and traders launch new funds to compete with the 12,000 in existence HEDGE funds, already battered by redemptions and investment losses, face rising competition from potential new entrants, piling pressure on their fee structures. Even as global
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      358 33 II Chart EURUSD EURUSD 1 Week Trade anytime, anywhere with SaxoMobileTrader, a flexible trading platform that gives you round-the-clock J access to global markets on your iPhone®, Blackßerry® or any other Internet-enabled mobile phone. ***** SaxoMobileTrader lets you customise your trading preferences to view opened orders, manage your t account
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      206 35 ETF MANAGER OF THE YEAR.* In a year of economic uncertainty, the desire compared with USD7O billion in 2007. And, for more liquidity, transparency and cost- we're proud to announce that Barclays effectiveness resulted in dramatic inflows to Clobal Investors, the Manager of iShares the Exchange Traded Funds (ETFs) category.
      206 words
  • Page 35 Miscellaneous
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      428 37 1 W*^^^ J^^^^^^B __L< iiSt-^ fetter i >Jj H \vtM Wibu think you're m 4H I we know you're m being rewarded Ji—_. V J «_^_k__^__H lfc^__ mmmtmmjakmm mmm SL_^ gpVI ________^____i _3^*^ ______________l. Ji .JM HBL__«3|i_Gr "2 L i_ _4_fe£__i a _*_M IM.II 11li'iiiiiiiliiilBliiii 'umr »sfc ii. m^! mu
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  • Singapore Business Awards
    • Article, Illustration
      Lock icon THE TOUGH GET GOING
      301 38  -  Arthur Sim T is in times like these that the men (and women) are separated from the boys. They are the ones that are already looking ahead for new opportunities to expand while everyone else is happy just to get by. And it is this trait
      301 words
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      Lock icon A journey marked by tenacity, common sense
      1986 39 Ow Chio Kiat, CEO of three listed companies and winner of this year's Businessman of the Year Award, tells vehi sreeimivasaim how he arrived at the enviable position he is in today without too many battle scars "MY greatest achievement is to have
      1,986 words
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      Lock icon Hard hitter with a soft touch
      1710 41 Ascendas CEO Chong Siak Ching's leadership style is dynamic yet personal. Arthur sim talks to the CEO of the year ASCENDAS is one ofthe fastest growing companies here with assets under management increasing eight-fold from $1.2 billion in 2001 to $9 billion today. Yet
      ARTHUR LEE  -  1,710 words
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      Lock icon Mastering a juggling act
      1895 43 Dairy Farm CEO Michael Kok tells chewxiaimg how bottom lines can be improved and why an eye for detail is crucial in his line A MISTAKE 35 years ago haunts Dairy Farm chief executive Michael Kok to this day. It was his first job. Just out
      ARTHUR LEE  -  1,895 words
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      Lock icon Expanding its footprint
      1509 45  -  EMILYMYAP 'We actually started during the crisis in 1996. Every time there is a down, there will be an up.' Charles Wong is positive about the prospects of Enterprise Award winner Charles Keith despite the downturn, reports HIS line of chic and affordable women's footwear cheered countless
      YEN MENG JUN  -  1,509 words
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      Lock icon Sound leadership in times of crisis
      1324 47 KEITH STEPHEMSOM and RICHARD wiLKinis identify the key priorities of senior executives in a downturn as that will determine whether a company is going to be a winner or loser WHAT a difference a year makes. The optimism resonating from the business community has
      STOCK.XCHNG  -  1,324 words
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      Lock icon Continue to capitalise on opportunities abroad
      882 47 IE Singapore has come up with a range of support for companies during the downturn to encourage them to look overseas WITH credit tightening by banks, higher cost of financing and risks involved when doing business with counterparties, it comes as no surprise that
      882 words
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      Lock icon How to maximise divestment value in a downturn
      1197 49 With the capital markets shut, an alternative route for companies to raise cash to meet business needs is to refocus on their core competencies, and to consider seriously selling certain non-core businesses, jamil raza syed and kamg voniG wee look at the
      STOCK.XCHNG  -  1,197 words
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      Lock icon In hot pursuit of better governance
      939 52 Good corporate governance, transparency and accountability are the essential components of business ethics, alex malley looks at how companies can ensure these are practised DISCUSSION ofthe causes for the current global financial crisis have largely focused on the need for financial institutions to improve
      STOCK.XCHNG  -  939 words
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      Lock icon A crisis of confidence
      993 54 Two years. That is just how long bob yap and martin woimg think the current global recession may take to work itself out IT had been initially hoped that the countries of the Asia-Pacif-ic, largely restructured after the Asian economic crisis ofthe late 1990s and buoyed
      STOCK.XCHNG  -  993 words
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      Lock icon Sharpening the supply chain
      1167 56 Global economic uncertainty is forcing manufacturers and supply chain managers to adjust to a growing number of variables. Companies in the supply chains should pool their risks and use the crisis as an opportunity to implement new strategies and ride this out together DEMAND in the
      STOCK.XCHNG  -  1,167 words
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      Lock icon Building on strengths in a downturn
      1136 58 To succeed in this fast-paced world, being able to think out of the box helps. What other capabilities must an enterprising company have? ALL who are in business want to be successful. We dream of growing our companies big and to take them overseas
      STOCK.XCHNG  -  1,136 words
    • Article, Illustration
      Lock icon Time to start a small business?
      1069 60 roy a varghese looks at why this may truly be a strategic outcome from the recession of 2009 THERE is no time like the present to forget the past and focus on the future. There are compelling reasons for some to get a jumpstart
      STOCK.XCHNG  -  1,069 words
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      Lock icon Are you prepared for a black swan?
      1373 62 UANTCHERN LOH looks at some black swan crises and how risk intelligence can prepare organisations for them "l BELIEVE that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon and returning
      STOCK.XCHNG  -  1,373 words
    • Article, Illustration
      Lock icon Having the recession blues?
      761 62 richard d arvey suggests how organisations and individuals can cope with such feelings and see the silver lining in this downturn AS people are battered by the global downturn, they may feel despondent and helpless regarding the future of their organisations and their jobs. How should
      761 words
    • Article, Illustration
      Lock icon Focus on the light at the end of the tunnel
      848 63 Business leaders must be optimistic, visionary and innovative and not succumb to the doom and gloom. HERBERT vongpusanachai on how to survive the recession by planning for the upturn that will come ON a boat on the Chao Phraya river
      STOCK.XCHNG  -  848 words
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      219 38 Supplement Coordinator: Arthur Sim Sub-editor: Yu Chin Fun Artist: Jacqueline Phua Copy Editor: Elaine Koh Assistant News Editor (Special Projects): George Joseph |!f^ r% ""liP^ -i^vThe year was 1935, the name then was Hai Sun Hup. Operating from a humble shop along the banks of the Singapore River, Hai Sun
      219 words
  • Page 38 Miscellaneous
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      172 40 Bif v *s_^l fl V mmmW^ ~^^^r Aw «i. ir _.r L l KjV^k- __^__H__^~ -csS* _r _a_P _____k^__l ____lH *__p ___r -k^-i __F _^_k^_i I_'\ VW <>_ j __k?fl N-kVt S' Jr -B_k. _B_ck_. t "fl JU-M LJfln TZmm^kMW mmw ■Mme'-jkmmW Jk\ l---k_^ 1 bfl Hk-f __F_ -K-rth-fIK LI
      172 words
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      129 42 __Hi*'___ri --^-fQ-fl -B_liffi_s^B_lP-B'a_---S_SB Bi--__-_*_---Bnr------r_HFfl m^r MmWmW rWwk. l_H__^_fci_^ "_fsllK^_F^^?^^B <_-___ Br B--H--_§K--w^iMi?£;» Wflnv §H!F<* Ji_r Ira H£B"llEiw£flHMWyHH Stew -^H-_Vr K^Hh^^B i______Ki________KK-SJW^ BWsP^ _S---------fl-----------0 UU^fJ _K_ -__-_T^ iy.-__-Q-W!giieC-.a------R^^ H_fK-W g; PS^ fl H^^w nfi^ !_K-_$S /'-"Bl J__ _k -*J*m\ 3fe*_^ 1&18SH--H-9H9 8F W Jiflil 'IgM. __f^w "'^****ljßgpfr> S-Ps ___^^-^BBb 4V-iS-_-_----i Hf_n
      129 words
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      161 44 Singapore »usinessAwards 2009 \mM w on being honored as winner of the NW^^ Enterprise of the Year Award 2008 Singapore Business Awards Mr. Charles Wong, Managing Director of Charles Keith Group Being conferred with this prestigious award is more than a personal honor. The Enterprise award represents recognition for the
      161 words
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      40 46 CHARLES KEITH Singapore oine&Av^^ footwear accessories to Charles Keith Group on being awarded Enterprise of the Year Award 2008 Singapore Business Awards tSeaSitS'i'irA.'i'l^ __<-------__-----■ ■_4 r J-^------H-_---------------- v-~ Heartiest congratulations from esteemed business partner: MlMmmmj BDUSTEAD JMI prqjedts BOUSTEMJJ Since 1828
      40 words
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      177 48 jßf LSBOOh'-, TheLexusLS6oohL The high-performance hybrid sedan with the power to change the world. In creating the Lexus LS 600h L, we didn't just make the most powerful luxury sedan in its class. We designed a car that takes your breath away while giving the planet a chance to breathe.
      177 words
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      92 49 i i i 25 March 2009 i i j 1 i 1 i i Deutsche Bank congratulates j Mr Ow Chio Kiat j Executive Chairman < Stamford Land Corporation Ltd Businessman of the Year 2008 j j i i as part of the SingaporeßusinessAwards 2009 1 1 We applaud Mr
      92 words
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      36 50 *4*2l»£s---22-----------l-» \2i2-U----E-E-u------------------^ \2*ii™^p^£s____i________E iv™\*j£t*n»2f "^L'iV Oj- c^^E^^m|S___l_____■ _^'^___h-' *^^B^_^^ 1 W^r _-_---i Ek'^' ____Jr _-iM--k --.-..-I -_■-^-.-------1 1 V;' i__ '^Jmrnt^ \W^^^ -^^MmmF^^^^^^mMMMMMm J ■13 illj-M Ij? i\a 11 i j 13*>^B I ALL THf WAV
      36 words
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      129 51 jES ■P'^^ •?--B-B-V,-. l 'i ijßSmi ''r*\wMW'-'t Amm WmW wKrc'v' J j(-r\ I __--k -__?^^Ji _^tf WM WM B-^\~^-i jj^ V m\ -^^^B m\ wit/i/ Our-pffeartle&fr Uaf?^rata/at^ 109J I I IV/I yD I If 21 Rffffl lli^l IVI I IX^ICI -L/y/Vl DAIYA ENGINEERING CONSTRUCTION PTE LTD TI 2G CAPITAL PTE
      129 words
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      131 52 U mmkm\\\\\\\\m i 1' m V^\ IBS 4Av£> LI33£!SIB The Stamford Residences The Reynell Terraces, The Rocks, Sydney jiijjj. Located in the coveted position within The Rocks historic quarter, this will be one of the city's finest and most exclusive residential developments. Comprising 122 grand tower apartments and five luxury
      131 words
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      126 53 il m!3w iiTMTißif Sim BUS _._-ifslffliD Slli Bra Ira Sw nl mmglXmLAEimmZiMmmmmmMmZimVmZmmZiß v PPP RP PPPIP PBPPIP V3I PWPPP VMPVW^P pp PIP m> iyiyiMi|U|iiiyi|y|iciiy ___p«^^ -fl B-L_v 3_flß "Bfl m^kw -__-_r X t _!^B3|3s JP^&S -J«k v* |3^|fl^Hßb^:':': r^^S I '^ra^^^^Bu Stamford Cosmopolitan, Double Bay, Sydney The architectural vision of
      126 words
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      20 54 w*m\W -I piipiippp pvmp pppip Jp" M gra mg yiß ng Mffl _———>. ■__I __■^__m 9_C99V _'^_f_^_^__^H^_nP_^—^^_l F—_WP _P B-WBBPP!inBBPWniB WORLDHOTELSi^
      20 words
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      283 55 AmmW^^'^%^ ly J flri#4l¥fflFlM m I a. #811? <«««.«« avat/skc t I i@P ls*** %i^Mb |@@»i ft^SßHflffiflFli^r'HiH^'^h^iH'JiHlfcHiW^^ii^iHHi^^fTin^B "The Stamford Residences, Auckland __-*^W The Stamford Residences, towering above the Stamford j\ Plaza Auckland Hotel, comprises 149 world class freehold ..yif|| j apartments. Completed in late 2008, the design and quality m^^
      283 words
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      144 56 EUKOR Car Carriers Inc. Korea Oanar<x£u/a£lon& EUKOR Car Carriers Sin 9ap°re pte-Ltd-cX extend our warmest Mr Ow Chio Kiat Gan^ratulczteaf^ on winning the t0 chairman CX Ow for being named Businessman "Businessman of the Year" Of "h© Ys3.r Aw3.rd Chairman Ow has shown outstanding business drive, spirit and +Uq professionalism
      144 words
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      119 57 PPE? Jr^B m mJ3w iiTMTißit 3S BUS 5Hi Bra Ira Sw nl v PPP HP PJUFI!! PBPWP VR PWPPP VP4PWQPJP PP PIP JSTpi F)lf)») wfyfyvm l^s[ TTtII Dynons Plaza, Hay Street, Perth Iw^l^nr "T>^ TTT TT~k, Dynons Plaza, located at the prime site at the West End of Hay Street,
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      84 58 Gofmnita/atlafi&y Mr Ow Chio Kiat Mr CX Ow on winning the on winning the Businessman Businessman Of The Year Award ™-ru w a Of The Year Award at the at the Singapore Business Awards 2009 Singapore Business Awards 2009 Following our long and valued relationship we are delighted that you
      84 words
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      107 59 A J EBSBRBniBI ..^tiraiisfflg'feW Wfil^felM HLffiBISBSI Bagflsffligffi A IBBSig Bl Sfflffi 888 3B Bl II \i m Bl I y| iWiHHlllg^ 1 llTe)i»lit^lPlc^^iiTg tig) Ntggp 'AVmSHII 1 H> >y y Located in the coveted position within The Rocks historic quarter, this will be one of the city's finest and most
      107 words
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      60 60 warmest? Uo/M/xitu/a£ioft& <Si/icer& Uo/m/xctaixtiofi& Mr Ow Chio Kiat Mr Ow Ohio Kiat on winning the on winning the Businessman Of Businessman Of The Year Award The Year Award at the at the Singapore Business Awards 2009 Singapore Business Awards 2009 President Kenzo Oda President Kensuke Kimura and Board of Directors
      60 words
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      45 62 to our Chairman Mr Ow Chio Kiat on winning the Businessman Of The Year Award at the Singapore Business Awards 2009 lit Nanyang Maritime (Spore) Pte Ltd A joint-venture of Mitsui O.S.K. Lines, Ltd, Ishihara Sangyo Kaisha Ltd and Cougar Logistics Corporation Ltd. since 1987
      45 words
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      100 63 m<k VmR LWv\ V m Br® KV>H s. Dynons Plaza, Hay Street, Perth ijaWj/M Tt>-J H^ %1> Dynons Plaza, located at the prime site at the West End of Hay Street, is Perth's best-located new office building. ffJ^JIL *S **iL 't-' With over 1 l evels °f 'A' Grade office
      100 words
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