The Business Times, 7 April 2010

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Total Pages: 41
1 42 The Business Times
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  • Title Section
    Masthead
    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, April 7, 2010
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  • Article
    Fourth mobile operator may get a call-up
    545 1  -  IDA may free up remaining 3G spectrum and pave way for new player, says consultation paper By WINSTON CHAI [SINGAPORE] Singapore’s telco scene could add a splash of colour beyond the current red, green and orange if the Republic’s telecommunications regulator goes ahead
    545 words
  • Article, Illustration
    Qatar SWF snaps up top Singapore hotel
    636 1  -  US$847m tab will also give Qatari Diar 40% stake in Fairmont Raffles By UMA SHANKARI [SINGAPORE] Qatar’s sovereign wealth fund Qatari Diar has acquired a 40 per cent stake in luxury hotel chain Fairmont Raffles in a US$847 million deal that will also
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  • Article
    MARKETS DIGEST
    139 1 ST INDEX 2,975.51 (+7.13) ST INDEX FUTURES 2,959.00 (+7.00) SIMSCI 352.51 (+0.35) SIMSCI FUTURES 350.00 (-1.00) FOREX US$ S$ US$ (S$ per US$) 1.397 (US$/S$ per 1.519 2.122 EURO (US$/S$/E) 1.342 1.874 Foreign currency per US$ S$ YEN 93.80 67.20 RM 3.213 2.300 HK$ 7.766 5.560 BAHT 32.35
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      47 1 EXEC MONEY Forex as an asset class PAGE 40 COEs Supply could be halved BANKING Citi appoints S’pore country head PAGE 2 ALKAFF MANSION Rental tender draws top bid of $79,251 PAGE 11 PAGE 4 TIGER WOODS MEETS THE PRESS Sober, earnest and vulnerable REPORT PAGE 4
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  • TOP STORIES
    • Article, Illustration
      Titans clash in battle for Aussie black gold
      976 2  -  Noble, Peabody trade barbs and up the ante in tussle for Macarthur Coal By ANGELA TAN [SINGAPORE] The battle between Singapore-listed commodities house Noble Group and the biggest US coal producer, Peabody Energy Corp, has turned nasty and even more personal. In
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    • Article
      THREE-MINUTE DIGEST
      492 2 Fourth mobile operator may get a call-up SINGAPORE’S telco scene could add a splash of colour beyond the current red, green and orange if the Republic’s telecommunications regulator goes ahead with a plan to free up its remaining third-generation cellular spectrum. The Infocomm Development Authority of Singapore is
      492 words
    • Article
      Roach hails US restraint on yuan issue
      523 2  -  By VIKRAM VIKRAM KHANNA [SINGAPORE] Morgan Stanley’s chairman for Asia, Stephen Roach, has praised the US government’s decision to delay the publication of the Treasury department’s foreign exchange report, which was widely expected to label China a “currency manipulator”. The report, originally due
      523 words
    • Article
      M’sia will most probably issue a global bond sale: Najib
      546 2  -  By LEE U-WEN [SINGAPORE] Malaysia is likely to return to the international bond market, because doing so will give a key insight into how the market rates the country, Prime Minister Najib Razak said yesterday. “Yes, we will most probably
      546 words
    • Article, Illustration
      Citi appoints S’pore country head
      486 2  -  By CONRAD TAN [SINGAPORE] Citigroup has appointed Michael Zink as head of its operations in Singapore, ending months of speculation about who would assume the role after former country head Jonathan Larsen left for Hong Kong in November. Mr Zink, 51, will become country head
      486 words
    • Article, Illustration
      Tiger warms up crowd, media in return
      779 4 He takes on tough questions about his life without rancour NYT [AUGUSTA, Georgia] Tiger Woods got the tough part of this Masters week out of the way on Monday, getting in front of the public in the morning and the news media in
      NYT; REUTERS  -  779 words
    • Article
      COE supply this year may be 50% of 2009’s
      715 4  -  Down to 1999 levels but COE premiums could soar, with much bigger car population Reports by SAMUEL EE [SINGAPORE] This year’s new car registrations could plunge to levels not seen since 1999, but certificate of entitlement (COE) premiums would be way
      715 words
    • Article
      Luxury brands grab bigger market share
      627 4 [SINGAPORE] The luxury brands are increasing market share in a contracting market, thanks to skyrocketing COE premiums in 2010. Their sales volumes may have fallen because of the shrinking supply of certificates of entitlement, but their ranking among authorised distributors has improved significantly. So
      627 words
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      10 2 Sponsored By: Garuda Indonesia Content Powered By: rei nana ,sg
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      195 3 0 Wir leben Autos. Der Neue Ope A new name. A new cor. A new era. U. I w izM LJ|j ill P Immaculate design with intelligent characteristics built for performance No surprises, it's made in Germany, making it unquestionable in quality, performance and value. Performance 2.0L turbo, 220hp at
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  • Page 4 Advertisements
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      1850 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Jk FORELAND F ABRICTECH Company Registration Number: ***** FORELAND FABRICTECH HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) ("the Company") Registered Office: Canon's Court, 22 Victoria Street, Hamilton HM 12, Bermuda NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the
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      9 4 Cerato-Forte No 1; E-Class in Top 10, Page 31
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  • COMPANY NEWS
    • Article, Illustration
      Ee Cheong gets 27% pay rise in 2009
      535 5  -  UOB chairman Wee Cho Yaw gets none; optimistic about this year, with provisos By SIOW LI SEN UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong got a near 27 per cent pay rise for 2009 while his father, bank chairman Wee
      FILE PHOTOS  -  535 words
    • Article
      DBS shows a maturing of its overseas strategy
      838 5  -  HOCK LOCK SIEW By CONRAD TAN DBS Group’s disposal of its stake in Indian joint venture Cholamandalam DBS Finance (Chola) last week marks a turning point in an expansion drive that started over a decade ago during the Asian financial crisis and
      838 words
    • Article, Illustration
      SP PowerGrid may be business trust
      579 6  -  Singapore LNG Corp another possibility in longer term, says a Temasek MD By RONNIE LIM TEMASEK’S wholly owned subsidiary SP PowerGrid which manages Singapore’s electricity and gas transmission and distribution networks could potentially be the next candidate for a business trust offering, suggested Wong
      FILE PHOTO  -  579 words
    • Article
      Yongnam clinches $20.2m MCE contract
      339 6  -  It has now bagged $326m worth of deals for this project By VEN SREENIVASAN Structural steel and civil engineering solutions specialist Yongnam Holdings has clinched a $20.2 million contract for the Marina Coastal Expressway (MCE), its fifth one for this project. This brings the total
      339 words
    • Article
      SGX plans new Nikkei dividend index futures
      476 6  -  It seeks feedback on contract specifications By KAREN NG THE Singapore Exchange (SGX) plans to introduce a new futures contract the Nikkei Dividend Index Futures and is inviting public feedback on contract specifications. The proposed contract part of new chief executive officer Magnus
      476 words
    • Article
      MediaCorp no longer shareholder of StarHub
      92 6 STARHUB’S long-term shareholder MediaCorp has distributed its remaining 128 million shares in StarHub to Temasek Holdings as payment in lieu of a cash interim dividend for the financial year ended March 31, 2010. With the distribution of the dividend in specie, which represents around
      92 words
    • Article
      New Lakeside CFO hands in quit notice
      552 9  -  Move comes in wake of board differences over cashflow problems By LYNETTE KHOO DISAGREEMENTS among executive directors of New Lakeside Holdings over how to resolve cashflow problems have driven its chief financial officer (CFO) to tender his resignation. Under his employment contract terms,
      552 words
    • Article
      Hedge fund assets to hit US$2t by year-end: survey
      555 9 Investment profits, capital inflows provide boost Bloomberg [HONG KONG] Global hedge fund assets may return to the pre-financial crisis peak of almost US$2 trillion by year-end, boosted by investment profits and capital inflows, according to a Credit Suisse Group AG survey
      Bloomberg  -  555 words
    • Article, Illustration
      A MILESTONE FOR TIONG WOON
      131 9 HEAVY lift and haulage specialist Tiong Woon Corporation has completed its most massive operation to date involving a huge carbon dioxide removal module for a leading oil producer. The project was undertaken by Tiong Woon Project Contracting for VME Process Asia Pacific. Tiong Woon’s group
      131 words
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      213 5 -f&L O) .i ro <*• **"S S' rwf <3£k. «k <1 > X ,+r. •~-7i O-.i.-v ms First away from the lights. Last to pull into the petrol station *r&m*r. <#r 4$i 5#tCTiSKiS a .-■> The new C-Class with CGI engine technology. S: 3 «■> .J -V ;M m -V'»
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      237 6 m HOUSING DEVELOPMENT BOARD HDB SALE OF SITE IAND PARCEL HOUOANG $13 AT TAMPINES ROAD Seamlessly connected to KPE and TPE and a short distance from the Kovan and Hougang MRT Station and bus interchange. Near to shopping, dining and entertainment outlets at Hougang Plaza, Hougang Mall and Heartland Mall.
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      960 6 w MATS NOTICES BUY IT-SELL IT-FIND IT MIDAS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****9758W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Midas Holdings Limited (the "Company") will be held at Amber Room, Level Two, Sheraton Towers
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      21 6 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
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      7458 7 iStti noble group NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of Noble Group Limited (the "Company") will be held at 18th Floor, MassMutual Tower, 38 Gloucester Road, Hong Kong on Friday, 30 April
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  • SINGAPORE MARKETS
    • Article, Illustration
      Commodity units gain on greenback
      896 8  -  Euro falls again as worries about Greek debt crisis come back to life CURRENCIES CHEW XIANG Reporter COMMODITIES and commodity currencies are having an Easter rally as risk aversion receded and investors started pumping money back into markets following buoyant US jobs and manufacturing data
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    • Article
      SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 4 0 0 0 9 5 4 Manufacturing 62 51 83 6 6 14 68 57 97 Commerce 23 17 32 5 3 6 28 20 38 Tpt/Stor/Comms 19 12 13
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    • BROKERS’ TAKE
      • Article, Illustration
        Singapore Exchange (SGX)
        339 8 April 6 close: $7.88 DMG Partners Securities, April 6 SGX’s Q3 FY2010 securities market average daily turnover (ADT) was $1.53 billion, up 11 per cent quar-ter-on-quarter, below our expectations. We are lowering our FY2010 ADT forecast to $1.52 billion from $1.59 billion previously, versus nine-months FY2010’s $1.56
        339 words
      • Article, Illustration
        Midas Holdings
        350 8  -  Compiled by JAMIE LEE April 6 close: $1.10 DBS Vickers Securities, April 6 PRODUCTION expansion plans on schedule: Midas’ third production line has commenced trial production while its fourth and fifth lines should also be installed by H2 2010. Meanwhile, two of its fabrication lines are fully up
        350 words
    • Article
      SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 43,149 43,149 72,306 72,306 Manufacturing 316,993 31,274 348,267 215,474 1,465 216,939 Commerce 154,020 9,104 163,124 106,651 2,545 109,196 Tpt/Stor/Comms 108,861 585 109,446 150,460 119 150,578 Finance 19,934 19,934 113,615 113,615 Construction 100,056 32,121 132,177 24,413
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    • Article, Illustration
      Europe’s firm opening helps boost STI
      555 8  -  STOCKS R SIVANITHY Senior Correspondent THE re-opening of Europe in the afternoon yesterday gave the Singapore market some direction and enabled the Straits Times Index (STI) to finish 7.13 points higher at 2,975.51 after it earlier threatened to sink into negative territory. There were,
      555 words
    • Article
      STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 2.280 -0.030 CapitaLand 4.050 -0.010 CapitaMall 1.810 -0.010 CityDev 11.000 +0.020 ComfortDelGro 1.570 +0.010 DBS Grp 14.680 +0.040 F&N 5.020 -0.030 Genting SP 0.915 +0.015 Golden Agri 0.620 +0.010 HK Land 5.140 +0.110 JMH 35.500 +0.300 JSH 20.300 +0.020 Jardine C&C
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    • Article, Illustration
      STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      OTHER SINGAPORE INDICES
      66 8 Apr 6 VALUE CLOSE BT OB/OS 651.00 +191.0 BT CADI -*****.00 +40.0 BT 10-day MA -*****.00 +65.00 FTSE ST Mid Cap 713.66 +1.91 FTSE ST Small Cap 581.01 +3.10 FTSE ST All Share 734.83 +1.93 FTSE ST China Top 296.87 +4.64 FTSE ST China 314.14 +4.82 FTSE
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    • Article
      MOST ACTIVE STOCKS
      56 8 VOLUME GMG Global 181,374,000 Golden Agri 73,040,000 Genting SP 68,150,000 UniFiber 42,075,000 Ban Joo 37,692,000 Healthway 29,150,000 Jaya Hldgs 27,634,000 Midas 26,947,000 ChinaHuAn 25,755,000 FrasersComm 25,716,000 VALUE($) Genting SP 62,009,440 Noble Grp 49,392,700 Golden Agri 45,207,345 DBS Grp 36,045,020 GMG Global 34,851,870 StraitsAsia 33,021,970 CapitaLand 31,132,960 SGX
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    • Article
      RISES
      111 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 368.7 2.2 OUE 1240 90.0 7.8 DBXT MSKorea 10US$ 4990 85.2 1.2 DBXT MSTaiwan 10US$ 1647 47.5 2.1 JMH 3550 41.9 0.9 Lyxor Europe 10 US$ 1262 36.3 2.1 DBXT MSEmer 10US$ 389 27.9 5.4 Lyxor EasternEurope1 569 25.1 3.3 Wilmar.ES.1004
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    • Article
      FALLS
      124 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -81.0 -0.5 DBXT S&P Short 10US$ 5043 -64.2 -0.9 DBXT FTVietnam 10US$ 4482 -50.3 -0.8 OCBC Bk 5.1%NCPS 100 ***** -14.0 -0.1 Parkway Hldgs 321 -7.0 -2.1 DBXT MSINDO 10us$ 1208 -7.0 -0.4 Creative Tech 502 -6.0 -1.2 OCBC Bk 886 -6.0
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    • Article
      CURRENCIES
      87 8 Where S$ stands Apr 6 CHNG YR 2010 CLOSE FR Apr 5 S$ LOW S$ HIGH US$ 1.3972 0.06 1.4219 1.3914 Euro 1.8742 0.59 2.0153 1.8742@ Pounds 2.1169 0.64 2.2831 2.0845 A$ 1.2919 -0.37 1.2923 1.2276 Yen* 1.4888 -0.59 1.5927 1.4799 Rupiah* 0.***** -0.08 0.*****# 0.***** Baht* 4.3177 -0.03
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      94 9 :?<]|]`(*\]~*^"={$,-;^!/*|'_}/% r PREMIUM VOYAGEUR CABIN WITH 40% MORE SPACE A|R FR ANt-c EUROPE FROM S$2,800 (Inc taxes) Premium Voyageur is Air France's brand new cabin between Business Class and Economy Class, featuring 40% more space and privacy for the traveller. Even more offers at www.airfrance.sg *Fare quoted above is for
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      8 9 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg
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      370 9 SAY GOODBYE TO YOUR US COMMISSION ■'*4 mm Br m FiH n ■V V Clear, competitive, and fair pricing as low as US$9.99 per trade NEW upgrades of Power E*TRADE Pro in 2010 "Vv NEW web trading interface with enhanced features ""-5 "U'S NEW Options Analytics for active traders US$200
      370 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Da Vinci witnesses fail to turn up to give evidence
      463 10  -  Plaintiffs protest defence’s move to submit no case to answer By TEH SHI NING KEY witnesses including Da Vinci Holdings chairman Tony Phua were expected to take the stand to support Da Vinci’s case in court yesterday but did not
      463 words
    • Article
      Target needs of ageing consumers: forum
      362 10  -  Highly lucrative market for niche products, services By NISHA RAMCHANDANI TARGETING niche segments in Asia’s ageing-con-sumer market could prove highly lucrative for businesses, suggested industry players at a forum yesterday. “There’s a big market out there,” said William Chong, CEO of Pacific Healthcare Holdings,
      362 words
    • Article
      Citi to hire 200 in Singapore this year
      373 10  -  By CONRAD TAN CITIGROUP plans to hire 200 staff in Singapore this year, a sign of the bank’s growing confidence in the strength of the economic recovery and in its own financial position. Citi said yesterday it will add 200 new hires
      373 words
    • Article
      Eye-catching eyewear, cutting-edge fishing tackle – with A*Star’s help
      509 10  - Eye-catching eyewear, cutting-edge fishing tackle with A*Star’s help By CHEN HUIFEN NANYANG Optical Co and fishing equipment company Siow Chiang Co are proof that research and development can benefit even non-engi-neering, non-high-tech firms. The two are among the latest batch of 19 SMEs tapping R&D talent from A*Star (the Agency
      509 words
    • Article
      Casino self-exclusion applications on the rise
      284 10  -  By ARTHUR SIM FIGURES from the National Council on Problem Gambling (NCPG) show an increase in the number of people who have applied for self-exclusion from Singapore’s casinos. There have been 567 such applications since the process was made available through NCPG’s web- site
      284 words
    • SINGAPORE ROUND-UP
      • Article
        HDB launches site at Tampines Road
        92 10 THE Housing Development Board is launching a 99-year residential site at Tampines Road for sale by public tender today. A developer had committed to pay at least $6.5 million for the site, which has a maximum gross floor area of 40,118 sq ft. The
        92 words
      • Article
        NUS, Cambridge set up scholarship
        64 10 THE National University of Singapore (NUS) and the University of Cambridge yesterday announced the launch of an NUS-Cambridge Scholarship. Part of the NUS Overseas Graduate Scholarship (OGS) scheme, the scholarship will support one Singaporean scholar each year to pursue PhD studies in Cambridge. OGS is
        64 words
      • Article
        Stanchart brokers to donate one day’s fees
        61 10 BROKERS for Standard Chartered’s Financial Markets business will mark World Health Day by donating today’s fees to “Seeing is Believing”, the bank’s global initiative aimed at tackling avoidable blindness. They expect to raise in excess of US$200,000 from broker donations. For each dollar
        61 words
    • Article, Illustration
      Alkaff Mansion draws F&B play
      665 11  -  Singapore PR Piegaia Gabriele in top bid of $79,251 per month By KALPANA RASHIWALA NINE parties have submitted bids in a state tender to lease the former Alkaff Mansion, with the majority proposing food beverage use for the landmark property. They have offered to pay
      665 words
    • Article
      Value of property investment deals down 8.5% in Q1
      323 11  -  By UMA SHANKARI AFTER three consecutive quarters of growth, the value of property investment transactions in Q1 2010 fell 8.5 per cent quar-ter-on-quarter to $2.64 billion. The figures, compiled by DTZ Research, also showed that in contrast to last year when
      323 words
    • Article
      OKH top bidder for Yishun industrial site with $27.2m
      356 11  -  By EMILYN YAP DEVELOPERS have bid aggressively for a 60-year leasehold industrial site at Yishun Avenue 6 (Parcel 1). Seven parties had expressed interest by the time the tender closed yesterday. OKH Management put in a top bid of $27.2 million,
      356 words
  • Page 10 Advertisements
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      1346 10 wepco Wepco Limited (Company Registration No.*****0314D) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Seventh Annual General Meeting of Wepco Limited ("the Company") will be held at the registered office, 5 Kwong Min Road, Singapore *****8 on Friday, 23 April 2010 at 10.30 a.m.
      1,346 words
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      540 10 MATS NOTICES CHINA YONGSHENG LIMITED (Company Registration No. *****2032R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 6 April 2010 issued by China Yongsheng Limited ("Circular"). NOTICE IS HEREBY
      540 words
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      303 11 YOUR CONTINUED PARTNERSHIP MEANS MORE THAN ANY AWARD. THANK YOU TEMPLETON "AsLW GROWTH FUND TFMPI FTON LLOBAL TOTA^J RETURN FUND TEMPLETON GLOBAL BOND FUND .TFMPIFTON TEMPLETON FRANKLIN Three Morningstar Awards. Twelve Lipper Awards. One Formula for Success. At Franklin Templeton, the formula for success rests on something very important: building
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  • ECONOMY WATCH
    • Article, Illustration
      Latest data could help spur hiring in US
      614 12 Reports on services sector, home sales hint at recovery of broader economy AP [WASHINGTON] Employers holding out for more evidence that the US economic recovery is finally taking hold got some on Monday: America’s service sector is growing quickly, and contracts for
      AP; AFP  -  614 words
    • Article
      Overseas jobs for Bangladeshis plunge in Q1
      337 12 AFP [DHAKA] The number of Bangladeshis heading abroad for work hit a four-year low in the past three months as job opportunities in the Middle East and Asia were hit by the global slump, an official said yesterday. About 100,000 people left to
      AFP  -  337 words
    • Article
      NZ biz confidence dips slightly in Q1: survey
      442 12 Reuters [WELLINGTON] New Zealand business confidence dipped slightly in the first quarter with firms optimistic but cautious about recovery, a survey showed yesterday, backing views the central bank can afford to hold interest rates at least until the middle of the year.
      Reuters  -  442 words
  • Page 12 Advertisements
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      2488 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg A\ ARMSTRONG INDUSTRIAL CORPORATION LIMITED Company Registration Number: *****3808K (Incorporated in the Republic of Singapore) ARMSTRONG NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of Armstrong Industrial Corporation Limited (the "Company") will be held at the
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      1234 12 China Oilfield China Oilfield Technology Services Group Limited Technoloav (Incorporated in the Cayman Islands) *9 (Registration No. CT-*****5) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of CHINA OILFIELD TECHNOLOGY SERVICES GROUP LIMITED will be held at Grand Hyatt Hotel, 10 Scotts Road,
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  • BUILDING RESILIENT BUSINESSES
    • Article, Illustration
      Reviewing Code an urgent task
      1451 13  -  MICHELLE QUAH looks at the key issues to be addressed in the review of the Code of Corporate Governance MICHELLE QUAH AS part of ongoing efforts to improve the corporate governance regime here, Singapore has set up a new council assigned to review the Code
      STOCKXCHNG  -  1,451 words
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      212 13 CPA Forum 2010 Building resilient businesses with good corporate governance 4 Strategic partners: The BUSINESS TIMES rm 9 Good corporate governance is fundamental to business sustainability. Gain insights on corporate governance disclosures and practices from the Governance and Transparency Index and hear views from regional institutional investors and shareholder perspectives.
      212 words
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  • MALAYSIA
    • Article, Illustration
      M'sian shoe festival off to a good start
      572 14  -  Inaugural fair draws 40,000 visitors, brings in up to RM10m in sales By PAULINE NG in Kuala Lumpur MALAYSIA’S inaugural International Shoe Festival 2010 kicked off to a good start over the weekend, attracting over 40,000 visitors who organisers estimate bought up
      REUTERS  -  572 words
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      4256 14 MATS cP NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com. 0 DUTE ecn Dutech Holdings Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****6359C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dutech Holdings Limited ("the Company") will be
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  • GREATER CHINA
    • Article, Illustration
      Yuan rise seen boosting US companies’ China profits
      753 15 Analysts expect revaluation to come as early as Q2 Reuters [CHICAGO] US companies selling everything from soft drinks to cars to millions of Chinese are seen as potential investments for those weighing the likelihood of a yuan revaluation by Beijing. A decision
      Reuters; REUTERS  -  753 words
    • Article
      Beijing defends currency policy
      496 15 It denies manipulation of yuan and says exchange rate is not behind US-China trade deficit Reuters [BEIJING] Beijing offered a robust defence of its currency policy yesterday, denying that it manipulates the yuan and rejecting the argument that a stronger exchange rate would erase the US
      Reuters  -  496 words
    • Article
      CR Power to buy more coal mines in Shanxi
      468 16 Its total coal production will be boosted to more than 30m tonnes in 2012 Reuters [SINGAPORE] China Resources (CR) Power Holdings will soon finalise coal mine buys in northern Shanxi province and aims to boost self-sufficiency in coal to around a
      Reuters  -  468 words
    • Article
      SM Goh in Hainan to mark 20 years of ties
      335 16  -  He will be meeting VP Xi Jinping, provincial leaders By LEE U-WEN [SINGAPORE] Senior Minister Goh Chok Tong arrives in Hainan today for a four-day visit to mark the 20th anniversary since diplomatic relations were first established. Mr Goh, who
      335 words
    • Article, Illustration
      Search continues for 33 trapped mine workers
      658 16 AFP [XIANGNING, China] Rescuers were searching yesterday for 33 workers still trapped in a flooded Chinese coal mine, as the joy of seeing over 100 others pulled out alive was tempered by the first news of fatalities. Five bodies were found during overnight
      AFP; AP  -  658 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      517 15 Citi Private Bank crEi Passion demands a career like no other "Understanding the client's needs and ambitions and helping him achieve that goes beyond a financial partnership, it becomes an enduring relationship." Akbar Shah Region Head Singapore, Malaysia Brunei, Head of Mega Wealth Asia Pacific Citi Private Bank Join The
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1610 16 "=)!?~`|$;%@$*?_!!~?=_;}:<;``_+ KXD DIGITAL ENTERTAINMENT LIMITED NOTICE OF THE SEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of KXD Digital Entertainment Limited (the "Company") will be held at Chartroom, Level 2, Raffles Marina, 10 Tuas West Drive, Singapore *****4 on 23 April 2010 at 10.00 a.m.
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      2696 17 WAT-3 BUY IT-SELL IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NTEGRATOR INTERNATIONAL LTD. (Incorporated in Singapore) (Co. Reg. No: *****4281D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ntegrator International Ltd. (the "Company") will be held at 4 Leng Kee Road #06-04, SIS
      2,696 words
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      Page 17 Advertisements Column 2
      95 17 NOTICE OF RETURN TO CONTRIBUTORIES Name of Company Address of Registered Office Court Number of matter Amount per share First and final or otherwise When payable Where payable Ho Shing Construction Co. (Pte) Ltd (In Liquidation) (Reg. No. *****2280K) 13B North Canal Road Singapore *****6 High Court of the Republic
      95 words
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      Page 17 Advertisements Column 3
      2725 17 o oniontech ONIONTECH LIMITED (Company Registration No. *****1873E) (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 5 Shenton Way, #07-00 UIC Building, Singapore *****8 on Thursday, 22 April 2010 at
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  • INDIA
    • Article, Illustration
      High-level economic partnership talks formally launched
      894 18 These aim to boost commercial ties often eclipsed by US trade with China INDIA-US RELATIONS AFP Reuters [NEW DELHI] The United States and India formally launched high-level economic partnership talks yesterday, aimed at boosting commercial ties that are often eclipsed by US trade with
      AFP; Reuters  -  894 words
    • Article
      Temasek seeks stakes in Indian power producers
      453 19 Company is in talks with a number of players, including GMR Group Bloomberg [SINGAPORE] Temasek Holdings Pte Ltd, the Singapore investment company, is seeking stakes in Indian power producers including GMR Group as they double capacity to meet demand in the world’s second-fastest
      Bloomberg  -  453 words
    • Article
      Billionaire brothers quit Religare board
      222 19 CEO Sunil Godhwani appointed as chairman and MD Bloomberg [NEW DELHI] Religare Enterprises Ltd said chairman Malvinder Mohan Singh and director Shivinder Mohan Singh, the billionaire brothers who control the Indian financial services pro- vider, are stepping down from its board. Chief executive officer Sunil
      Bloomberg  -  222 words
    • Article, Illustration
      China, India urged to work together on global issues
      322 19 AP [BEIJING] China and India need to stop viewing each other as competitors and start working together to influence global issues such as climate change and trade, Indian Foreign Minister S M Krishna said yesterday. Mr Krishna said the neighbouring countries
      AP  -  322 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      2328 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. CATS Recruit The first door to your world of opportunities CLA/AUG06/g AA GROUP HOLDINGS LTD. (Company Registration Number: *****2064D) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of AA Group Holdings
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      301 19 WINE DINE AND HOSPITALITY PLATES OF PLEASURE Enjoy delicate portions of the best a la carte treats by our Executive Chef with Sample creations such as Char-Grilled US Angus Beef Mignon, Nut-Crusted Rack of Lamb and Poached Cod Fillet with Chardonnay and Dill Essence, in addition to a delicious selection
      301 words
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      Page 19 Advertisements Column 2
      69 19 located at Level 4 v 7S Food for your soul Zenden's creative menu and contemporary cuisine is inspired by the arts memorable, provocative, always inventive. Feed your soul at our lunch buffet offer at $23 per person or have our one-for-one dinner main course. Call us now on 6849 8686
      69 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Gordon Brown calls May 6 election
      385 20 Reuters AFP [LONDON] British Prime Minister Gordon Brown yesterday confirmed May 6 as the date for a parliamentary election which could bring down the curtain on 13 years of rule by his centre-left Labour Party. Standing outside his Downing Street residence, with his Cabinet
      Reuters; AFP  -  385 words
    • Article
      Tensions mount in Bangkok with grenade blast
      555 20  -  Thai PM won’t use force on protesters; summons warrants out for 10 leaders By LEE U-WEN [SINGAPORE] A grenade exploded in Bangkok outside the ruling Democrat Party headquarters yesterday, injuring two policemen, as thousands of anti-govern-ment demonstrators clashed with security forces in the
      555 words
    • Article
      US unveils restrictive nuclear policy
      294 20 Reuters [WASHINGTON] The Obama administration unveiled a new policy yesterday restricting US use of nuclear weapons but sent a stern message to nuclear-defiant Iran and North Korea that they remain potential targets. Kicking off a hectic week for President Barack Obama’s nuclear agenda, his aides
      Reuters  -  294 words
    • Article, Illustration
      Domingo back after colon cancer surgery
      475 22/23 AP [NEW YORK] Placido Domingo is back ready to sing around the world. But first, on Monday, the star tenor opened his new Manhattan restaurant four weeks after colon cancer surgery. “I was lucky to have the pain,” said the 69-year-old Spaniard, who was
      AP  -  475 words
    • Article
      Singapore signs FTA with Costa Rica
      257 22/23  -  Country is 8th largest Latin American trading partner By OLIVIA HO [SINGAPORE] Singapore and Costa Rica yesterday signed the Singa-pore-Costa Rica Free Trade Agreement (SCRFTA), strengthening bilateral ties between the two countries. The agreement was signed by Costa Rica’s Minister for Foreign Trade, Marco
      257 words
    • Article
      Asean grapples with stimulus exit strategy
      576 22/23  -  Vietnam meeting this week to discuss withdrawal without slowing growth By LEE U-WEN [SINGAPORE] At the height of the global financial crisis, many South-east Asian countries launched stimulus packages to lessen the damage to their economies. But with the worst already over, finance leaders
      576 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      1832 20 QUALITAS QUALITAS MEDICAL GROUP LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****7959H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of the Company will be held at M Hotel Singapore Shenton Room, Level B1, 81 Anson Road, Singapore *****8 on
      1,832 words
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      Page 20 Advertisements Column 2
      1739 20 Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES V^MencAST MENCAST HOLDINGS LTD. (Company Registration No. *****2235C) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mencast Holdings Ltd. (the "Company") will be held at Raffles Country Club, Raffles Lounge, 450
      1,739 words
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  • FOCUS: STOPPING THE ROT
    • Article, Illustration
      US signals new anti-graft era
      870 21 Authorities using unconventional tactics to bring bribers to heel Reuters [WASHINGTON] When 17 employees of a dozen or so small and mid-size companies gathered for a cocktail reception last year at Clyde’s restaurant here in Washington, DC, they toasted what they thought was the imminent
      Reuters; AP  -  870 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      2891 21 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. a o o KINGBOARD COPPER FOIL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KINGBOARD COPPER FOIL HOLDINGS LIMITED will be held at 2/F., Harbour View 1, No.
      2,891 words
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  • WORLD
    • Article, Illustration
      Citigroup breaking with its troubled past
      992 22/23 CEO sheds complex businesses, shrinks balance sheet and stabilises finances NYT [NEW YORK] Citigroup is getting smaller, and maybe even better. Just 13 months ago, Citigroup’s chief executive, Vikram Pandit, was facing the unthinkable. After bailouts worth US$45 billion, the federal government had become
      NYT; PHOTO: BLOOMBERG  -  992 words
    • Article
      Australia raises key rate, flags more to come
      351 22/23 Fifth hike in seven months lifts A$ to new high vs euro Reuters [SYDNEY] Australia’s central bank yesterday raised its key cash rate by 25 basis points to a 14-month high of 4.25 per cent and flagged further moves ahead as the
      Reuters  -  351 words
    • Article, Illustration
      EU safety net may not save Greece
      792 24 Europe action seen as quarantining Greece’s problems but not fixing it EUROZONE CRISIS Reuters [PARIS] The thing about a safety net is that it all depends where you hang it. Remember those childhood trips to the circus. The net hung low enough for
      Reuters; AP  -  792 words
    • Article
      ‘Emerging market’ Greece selling bonds in US
      368 24 Reuters [SINGAPORE] Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported. Greece is seeking US$5-10 billion from
      Reuters  -  368 words
    • Article, Illustration
      NY firm sues Annie Leibovitz for unpaid fees
      262 25 Reuters [NEW YORK] A New York investment firm sued Annie Leibovitz on Monday, saying the celebrity photographer owes it more than US$800,000 in fees as part of its role in securing a new financing deal to sort out her debts. Brunswick Capital
      Reuters; AP  -  262 words
    • Article
      Housing weakness not distorting inflation steps
      365 25 Inflation drop a sign of broad economic slack: San Francisco Fed economists Reuters [CHICAGO] The drop in US inflation since mid-2008 is not just a narrow reflection of housing market weakness but is rather a sign of broad economic slack, economists at the Federal
      Reuters  -  365 words
  • Page 22/23 Advertisements
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      Page 22/23 Advertisements Column 1
      109 22/23 CjfY\foYV^LMJ^L r m v: J 1 4 i It takes months to handcraft a Bentley. It takes just 3.9 seconds for you to hit iookm/h in the new Continental Supersports. Powered by a potent twin-turbo W12 engine that delivers a top speed of 329km/h in a heartbeat. This awe-inspiring supercar
      109 words
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      Page 22/23 Advertisements Column 2
      148 22/23 Nothing says luxury like a Bentley. And nothing says ultimate luxury like the new Bentley Mulsanne. Completely re-designed from the ground up, the Mulsanne pays homage to Bentley's history and heritage, while making confident strides towards the marque's future. Inside, the Bentley tradition of extreme customisation lives on: 115 exterior
      148 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      2756 24 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg TECHCOMP (HOLDINGS) LIMITED (Incorporated in Bermuda) Company Registration No. ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at Meeting Room 207, Level 2, Suntec Singapore International Convention Exhibition Centre
      2,756 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      450 25 MATS BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GARB SG. PTE. LTD. CO. REG. NO. *****2901R Notice is hereby given pursuant to section 296 of the
      450 words
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      Page 25 Advertisements Column 2
      1032 25 SAPPHIRE SAPPHIRE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Registration NO.*****2465W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty Fourth Annual General Meeting of SAPPHIRE CORPORATION LIMITED will be held at 123 Genting Lane, #07-01 Yenom Industrial Building, Singapore *****4 on Thursday, 22 April 2010
      1,032 words
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      Page 25 Advertisements Column 3
      2938 25 ;;+^,.&@$|&>%?~><@-%!=<\)[?<*?" cfFv?) NOTICE OF ANNUAL GENERAL MEETING 3 L-» PSC CORPORATION LTD PSC Corporation Ltd (INCORPORATED IN THE REPUBLIC OF SINGAPORE) The Consumer Essentials Croup (COMPANY REGISTRATION NO. *****0888M) NOTICE IS HEREBY GIVEN that the Thirty-Sixth Annual General Meeting of PSC Corporation Ltd will be held at 348 Jalan Boon
      2,938 words
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  • FOCUS: FILM FUTURES
    • Article, Illustration
      Hollywood cold to ticket sales betting plans
      991 26 US regulators to rule on proposals to let movie fans bet on box office receipts AP [LOS ANGELES] Think you’re better than Hollywood at gauging whether an upcoming flick will be a box office bomb or a sleeper hit? You’d get a chance
      AP  -  991 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      2304 26 MATS BUY IT SELL IT FIND 11 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA YONGSHENG LIMITED (Company Registration No: *****2032R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 35 th Annual General Meeting of the Company will be held at Orchard Hotel 442 Orchard Road Singapore *****9
      2,304 words
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      Page 26 Advertisements Column 2
      511 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) LEADALE PROPERTY (PTE) LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1880M) (2) LUM CHANG DEVELOPMENT PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1004K) (3) OXFORD GARDENS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION)
      511 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1915 27 HATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. HUAN HSIN HOLDINGS LTD I I S K t 18. -2" s) (Incorporated in the Republic of Singapore) (Company Registration Number: *****9142R) NOTICE QF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of Huan Hsin Holdings Ltd will
      1,915 words
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      Page 27 Advertisements Column 2
      1023 27 FRENCKEN GROUP LIMITED (Incorporated in the Republic of Singapore) Frencken (Company Registration No.*****5084D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Frencken Group Limited (the "Company") will be held at Meeting Room 307, Level 3, Suntec Singapore International Convention and Exhibition Centre, 1
      1,023 words
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      Page 27 Advertisements Column 3
      396 27 In the Matter of the Companies Act (Cap. 50) and In the Matter of BC Capital Pte Ltd (Co. Reg. No. *****4641M) (Incorporated in the Republic of Singapore) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 297 OF THE COMPANIES ACT (CAP. 50) NOTICE IS HEREBY GIVEN that pursuant to
      396 words
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      Page 27 Advertisements Column 4
      2632 27 SINO CONSTRUCTION LIMITED Company Registration No: *****3299H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at M-Hotel Singapore, Anson III, Level 2, 81 Anson Road, Singapore *****8, 23 April 2010, Friday at
      2,632 words
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      Page 27 Advertisements Column 5
      138 27 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GIFTKING PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****0452W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company
      138 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      4432 28 HATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA SKY CHEMICAL FIBRE CO., LTD. (Incorporated in the Cayman Islands) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of CHINA SKY CHEMICAL FIBRE CO., LTD. will be held at CIMB-GK Investment Centre, 50 Raffles Place,
      4,432 words
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      Page 28 Advertisements Column 2
      1809 28 FRENCKEN GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration NO.*****5084D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Meeting Room 307, Level 3, Suntec Singapore International Convention and Exhibition Centre, 1 Raffles Boulevard, Suntec City,
      1,809 words
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  • Transport HUB
    • Article, Illustration
      Stricter rules on the cards after latest ship grounding
      864 29 Canberra moving to better protect Great Barrier Reef Reuters [CANBERRA] Australia flagged a review of shipping laws on Tuesday after a coal ship ran aground on the Great Barrier Reef and environmentalists warned that the Asia resource boom was turning the
      Reuters; REUTERS  -  864 words
    • Article
      Supertanker rates heading for a 35% slump
      885 29 Refinery cutbacks, surplus of vessels cited; drop in rates may not last long Bloomberg [LONDON] The most profitable supertanker market in more than a year is heading for a 35 per cent slump as oil refineries from Japan to the UK shut for
      Bloomberg  -  885 words
    • Article
      Confidence rising – but dangers lurk
      735 29  - Confidence rising but dangers lurk STRAIT TALK By DAVID HUGHES ON THE face of it, last week’s gloomy assessment of the shipping markets based mainly on Maersk Line’s view of the liner business is contradicted by the new survey of confidence levels in the industry. According to the latest survey
      735 words
    • Article
      Big Iraqi port being built
      152 29 AFP [FAO, Iraq] An Italian group will begin construction in a month’s time on what will become Iraq’s largest shipping port, the Iraqi Transport Minister Amer Abduljabbar Ismail announced on Monday. The facility at Fao, at the southernmost tip of the country, will be fed
      AFP  -  152 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Qantas flies into 5th plane mishap in a week
        327 30 Engine trouble turns London-bound flight back to Bangkok Bloomberg [MELBOURNE] Qantas Airways Ltd, Australia’s largest carrier, has reported its fifth aircraft malfunction since March 30 as an engine power surge forced a London-bound flight to turn back to Bangkok. There was
        Bloomberg; REUTERS  -  327 words
      • Article
        Airlines refine tools to cut overbooking of flights
        1037 30 Savvy travellers having to work harder to earn bumping credits NYT [NEW YORK] Ryan Kingsbury is the rare flier who’s actually looking to be bumped from a flight. “If I see a big weather system, I see big dollar signs,” said Mr
        NYT  -  1,037 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        2864 30 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0605 MP96 0840 SQ323 0605 LO4032 2345
        2,864 words
      • Article
        Report raps placement of new US controllers
        345 30 Bloomberg [WASHINGTON] More than half of the US air-traffic controllers who were hired with no experience were assigned to the busiest and most complex facilities including Atlanta’s Hartsfield and Chicago’s O’Hare airports in fiscal 2008, a government inspector found. The Federal Aviation Administration
        Bloomberg  -  345 words
      • Article
        TRANSPORT STOCKS
        278 30 SGX '000 Apr 6 S$ +/-Vol CH Offshore 0.67 unch 187 Chuan Hup Hldgs 0.30 -0.01 237 Cosco Corp 1.35 0.01 9575 CWT Ltd 1.14 0.02 2739 Ezra Hldgs 2.52 0.05 8594 First Ship Lease 0.63 0.01 2004 Freight Links 0.05 unch 1081 Grand Banks unch unch 0
        278 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        US seeks US$16m fine against Toyota
        892 31 It failed to quickly report the sticky pedal problem, says transportation dept AFP AP [WASHINGTON] The United States on Monday said it was seeking a US$16 million fine against Japanese auto giant Toyota for its failure to quickly notify authorities about vehicle safety problems.
        AFP; AP  -  892 words
      • Article
        GM to use brake safety measure worldwide
        373 31 AP [WASHINGTON] General Motors (GM) says it will install a new brake safety measure that can prevent unintended acceleration on all its new vehicles worldwide by 2012. The announcement on Monday comes as federal regulators consider making the technology mandatory on new cars
        AP  -  373 words
      • Article
        Cerato Forte is No 1; E-Class in Top 10
        488 31  -  Honda disappears from the list in Q1 while Mazda3 takes fourth slot By SAMUEL EE [SINGAPORE] After the first three months, Singapore’s top model among authorised distributors is still Korean but this time, it’s a Kia, not a Hyundai. More interestingly,
        488 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      327 30 CRYPTIC CROSSWORD Across 1 Frantically fan the heir of a German physicist (10) 6 The ‘flower’ of my eye (4) 9 Chemical firm’s no good in the cake-topping business (5) 10 Discard policeman with sound descendants (9) 12 or an exceptional constable (7) 13 Nuclear reaction after ruthenium is extracted,
      327 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      1995 31 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg GMG GMG GLOBAL LTD (Incorporated in the Republic of Singapore) Company Registration No. *****4244E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GMG GLOBAL LTD (the "Company") will be held at Mandarin Oriental, Singapore (formerly The
      1,995 words
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  • EDITORIAL & OPINION
    • Article
      High value-add key to manufacturing
      464 32 EDITORIAL MANUFACTURING numbers released by the Singapore Economic Development Board (EDB) for the first two months of this year and for December of last year point to a steady recovery. February’s numbers show manufacturing output grew by 19.1 per cent, year-on-year. In January, the increase
      464 words
    • Article, Illustration
      There is hope yet of China abiding by its Constitution
      773 32  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator “CITIZENS of the People’s Republic of China have the right to criticise and make suggestions to any state organ or functionary,” says Article 41 of the
      773 words
    • Article, Illustration
      This deal season, avoid post-merger missteps
      922 32  -  Beware missed targets, loss of key people, and poor performance in the core business By SUVIR VARMA ,JOHN SEQUEIRA The writers are Bain Company’s head of private equity practice in Asia and head of mergers and acquisitions practice in Asia respectively AS THE economy
      YEN MENG JIIN  -  922 words
    • Article, Illustration
      End of the IPCC: one mistake too many
      1139 33  -  ‘Climategate’ suggests a conspiracy to commit fraud by a small gang of influential UN panel scientists By S FRED SINGER The writer an atmospheric physicist, professor emeritus at the University of Virginia and former director of the US Weather Satellite Service is
      AFP  -  1,139 words
    • Article, Illustration
      Not the right time to own British assets
      829 33  -  MATTHEW LYNN The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg THE posters are up. The manifestos are written. And the candidates are chosen. British Prime Minister Gordon Brown may call an election as soon as today,
      Bloomberg  -  829 words
    • Article
      Don’t pamper spoilt property buyers
      683 33  -  LETTER TO THE EDITOR Bobby Jagaraman I REFER to the commentary “Public private=property prices” (BT, April 3-4). I would like to make two points on the writer’s view that if private property prices go up, public flat prices will have to follow and hence intervention
      683 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      63 33 "Some.,, necessities H luxuries:' 35 IIIVICJ For a limited period only, new home subscribers to The Business Times for a year will enjoy the opulence of having your bottle of champagne coupled with a pair of champagne flutes delivered to your doorstep! Act now to gain your unfair advantage!* Call
      63 words
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  • SINGAPORE STOCKS
    • Article
      SGX MAINBOARD
      9029 34 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3.5 3148 8Telecom 17 unch 989 17.5 17 17 17.5 1.7 10.6 5.5 81.4 10 3 5834 A-Sonic 7.5 +0.5 40
      9,029 words
    • Article
      SGX CATALIST
      1736 35 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 4.5 5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1
      1,736 words
    • Article
      UNIT TRUSTS & FUNDS
      9218 35 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.26/ APS Alpha Fund (USD)!** 0.9/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.6703/ Asian Credit Fund 1.2314/ Asian
      9,218 words
    • Article
      SGX ETF
      609 35 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 112 107 6389 ABF SG Bond ETF 112 +3.4 1 112 112 108.2 112 511.3 872 499 CIMBAsean40 100US$ US869xd +5 40 869 869
      609 words
    • Article
      CLOB INTERNATIONAL
      259 35 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 26 6000 AVJennings A47.5 46 48 3.6 7.4 3.8 123.7 31 8 6017 Genting HK US$ US22 unch 3302 22 21.5 21.5 22
      259 words
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  • FINANCE & COMMODITIES
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 36 In local curr In S$ In US$ dy yr dy yr dy yr Apr 5 Index Change Change Change Change Change Change World Index Preliminary 879.0 0.4 5.6 0.3 3.6 0.3 4.1 EAFE Preliminary 823.8 0.1 5.0 -0.2 0.8 -0.1 1.4 Europe Preliminary 1171.9 0.0
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      SICOM FUTURES
      163 36 Apr 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 365.0 Jun 10 362.0 362.0 362.0 40 Jul 10 352.0 Aug 10 342.0 Sep 10 342.0 Oct 10 338.0 TSR 20 (US cents/kg) Volume O/I Month High
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    • Article
      FOREIGN CURRENCY NOTE RATES
      132 36 Apr 6 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2730 1.3110 Can dollar 1.3860 1.4010 Euro 1.8710 1.8920 NZ dollar 0.9760 0.9960 Sterling pound 2.1220 2.1460 US dollar 1.3890 1.4050 Local dollars to 100 units of foreign
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      INTERBANK RATES
      177 36 Apr 6 $S Offer Bid Overnight 1/16 PAR 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.28 0.22 1 month 0.35 0.25 2 months 0.36 0.26 3 months 0.37 0.27 6 months 0.52 0.42 9 months 0.80 0.60 12
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    • Article
      GOVERNMENT SECURITIES
      90 36 Apr 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 08.07.2010 0.35 0.3 0.3 1-Year BY*****N 01.11.2010 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.92 104 103.93 5-Year N*****0N 1.375 01.10.2014 100.41
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    • Article
      BONDS, WARRANTS & EXTENDED SETTLEMENT
      2499 36 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 1 15 13 6.20 49 4085 ASJ Hldgs W*****1 3.5 unch 175 1 4 2.14 22 2036 Advance SCT Ltd W*****9 0.5 1 87 2088
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    • Article
      PALM OIL
      66 36 Apr 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2574 2565 2576 2541 681 3088 May 10 2539 2530 2546 2510 2537 ***** Jun 10 2528 2520 2536 2498 ***** ***** Jul 10 2520 2512
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      US$/S$ FORWARD RATES
      23 36 Apr 6 S$ S$ Bid Offer 1-month 1.3967 1.3972 2-months 1.3969 1.3974 3-months 1.3971 1.3976 6-months 1.3977 1.3982 Source: OCBC
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    • Article
      STOCK INDEX FUTURES
      29 36 Apr 6 Open High Sett STI Apr 2962 2962 2959 SIMSCI Apr 350.5 352.8 350.0 Taiwan Apr 288.5 290.6 289.0 Source: MF Global (S) Pte. Ltd
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    • Article
      SIBOR
      85 36 Apr 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      THE BUSINESS TIMES SHIPPING TIMES
      6639 38 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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      SGX DERIVATIVES TRADING
      362 36 Apr 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6300 0 3651 Sep10 99.4150 0 2360 Dec10 99.0850 0 1296 Mar11 98.6900 0 3460 EUROYEN TIBOR FUTURES Jun10 99.6100 99.6150 99.6100 99.6150 3 5075 Sep10 99.6300 99.6300 99.6300 99.6350 100 4389 Dec10 99.6400 0 1480
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    • Article
      INTERBANK CROSS RATES
      466 36 Apr 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.925 6.310 0.689 7.179 41.096 83.621 0.867 10.384 2.970 1.317 77.298 41.522 1.291 6.718 0.987 29.274 29.911 0.608 0.924 Canada 1.081 6.822
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    • Article
      PRECIOUS METALS
      136 36 Apr 6 GOLD (US$/oz) Apr 06 Apr 05 Hong Kong closed closed Apr 05 Apr 02 London closed closed closed Source: Thomson Reuters CAST BAR Apr 06 (S$) Selling Buying Kilobar "54,244.72" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 344.54 253 10gm 616.32 506
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    • Article
      INTERBANK CURRENCY RATES
      154 36 Apr 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2906 1.2918 0.9242 0.9247 Canadian dollar 1.3952 1.3966 0.9991 0.9997 Euro 1.8734 1.8742 1.3415 1.3416 NZ dollar 0.9799 0.9810 0.7017 0.7022 Sterling pound 2.1217 2.1227 1.5193 1.5195
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    • Article
      LONDON METALS
      71 36 Apr 1 Apr 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2322.65 2293.50 3 months 2352.00 2323.00 Copper, Grade A (US$/tonne) Cash 7855.00 7759.25 3 months 7885.00 7790.00 Lead (US$/tonne) Cash 2182.25 2119.25 3 months 2210.00 2147.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      CHICAGO BOT
      105 36 Apr 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 936.00 942.00 946.00 932.75 Jul 10 945.25 951.25 955.25 942.00 Aug 10 941.50 946.25 949.75 938.50 Sep 10 928.25 932.75 935.00 923.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.35 39.98 39.49
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      LIFFE
      77 36 Apr 1 COCOA (£/tonne) Close Prev High/Low May 10 2251 2255 2273/2242 Jul 10 2266 2273 2289/2260 Sep 10 2226 2229 2247/2226 Dec 10 2186 2189 2204/2185 COFFEE (US$/tonne) Close Pev High/Low May 10 1356 1356 1372/1353 Jul 10 1389 1388 1405/1387 Sep 10 1424 1388 1439/1422 SUGAR (US
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      CRUDE OIL & PRODUCTS
      77 36 CRUDE OIL PRODUCTS Apr 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.66 unch WTI (Near Mth) 85.07 unch Dubai (1-Mth F) 81.51 unch Tapis blend 86.25 unch Minas 85.05 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.55 1.15 Jet Kerosene 91.83 1.18 US$/barrel Opec Oil
      77 words
  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
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      112 words
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      Page 37 Advertisements Column 1
      2588 37 MATS NOTICES DYNAMIC COLOURS LIMITED Company Registration Number *****4233Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dynamic Colours Limited (the "Company") will be held at Jade Suite, Social Clubhouse at level 3, Orchid Country Club, 1
      2,588 words
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      Page 37 Advertisements Column 2
      256 37 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****0348D) NOTICE OF EXTRAORDINARY GENERAL MEETING TO ALL SHAREHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sing Investments Finance Limited will be held at 2 Shenton Way, 2nd Floor Auditorium SGX Centre 1, Singapore
      256 words
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      Page 37 Advertisements Column 3
      2583 37 SI NO TECHFIBRE SINO TECHFIBRE LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF THE FOURTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Fourth Annual General Meeting of the Company will be held at Carlton Hotel Singapore Esplanade Room 2, Level 4, 76 Bras Basah Road, Singapore
      2,583 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      34 39 P THE BUSINESS TIIN/IES HIPPING TIMES Legal required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      34 words
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      Page 40 Advertisements Column 1
      153 40 K m t h 0 s 4 i i IC V M I La m r OCBC Securities Trade shares globally like you're there? Let's talk. To start trading in foreign markets with and contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. Get
      153 words
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      Page 40 Advertisements Column 2
      355 40 MATS NOTICES JURONG CEMENT LIMITED Company Registration No. *****0737Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Seventh Annual General Meeting of the Company will be held on Friday, 23 April 2010 at 1.30 p.m. at Jurong Country Club, Ficus 3,
      355 words
  • executive Money
    • Article
      Property funds losing clout as banks get savvy
      604 40 Reuters [LONDON] Opportunistic funds are rapidly losing their status as kingpins of the distressed real estate market, likely hurting their fundraising abilities in the next market cycle, as banks get savvy with problem property debts. While managers such as Blackstone and Orion
      Reuters  -  604 words
    • Article, Illustration
      Diversifying into the forex market
      1308 40  -  We focus on factors driving currency movements and prospects for the major units MONEY MATTERS CHRISTIAN NOLTING The writer is Lead Strategist, Asia Pacific Regional Head of Portfolio Management, Deutsche Bank Private Wealth Management THE foreign exchange (FX) markets have been regarded by investors as
      Source: Bloomberg, Deutsche Bank  -  1,308 words
    • Article, Illustration
      MFC favours corporate bonds
      736 41 The fund is eyeing Asia and high-yield debt for growth potential Reuters [TORONTO] AWARD-WINNING bond fund manager Dan Janis favours corporate debt over government issues and sees room for growth in his portfolio’s “Asian bucket”, betting the worst of the global financial crisis is past. The
      Reuters; BLOOMBERG, REUTERS  -  736 words
    • Article, Illustration
      Brazil’s real and Aussie $ are hot
      791 42 Brazil’s real and Aussie are hot They are among the currencies, including the yuan and the Canadian dollar, which Pimco expects to offer attractive returns Bloomberg PACIFIC Investment Management Co, which runs the world’s biggest mutual fund, favours currencies in China, Brazil, Canada and Australia on expectations they offer attractive
      Bloomberg; AFP, BLOOMBERG  -  791 words
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      Page 41 Advertisements Column 1
      71 41 JURONG WAREHOUSE Up to 255,000 sq ft covered Up to 100,000 sq ft open space Automated Storage Retrieve System (ASRS) available Full rackings option Min. 7 metres floor to ceiling height Ample loading/ unloading area Logistics services available Short long term lease available -s- m. Lianhe Zaobao Over 620 metres
      71 words
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      Page 41 Advertisements Column 2
      303 41 XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself
      303 words
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      Page 41 Advertisements Column 3
      1921 41 MATS NOTICES TAT SENG PACKAGING GROUP LTD (Company Registration No.: *****2806M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tat Seng Packaging Group Ltd (the "Company") will be held at 348 Jalan Boon Lay, Singapore *****9 on
      1,921 words
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      Page 42 Advertisements Column 1
      230 42 *v. r SAXO CAPITAL MARKETS They say that Sterling is doomed with cable set to fall below A TRADER'S BEST CALL What's your position? When you need to seize market opportunities in GBP crosses, use SaxoWebTrader. Along with over 150 FX crosses and FX options, a range of asset classes
      230 words
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      Page 42 Advertisements Column 2
      9 42 MONEY MATTERS Diversifying into the forex market PAGE 40
      9 words