The Business Times, 9 March 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, March 9,2011
    23 words
  • 665 1  -  Volatile currency movements amid surge in demand By SIOW LI SEN [SINGAPORE] Pent-up demand for the Chinese currency has led Singapore investors to pour RMB 4 billion or about S$760 million into RMB products in less than two months. But the investments
    AFP  -  665 words
  • 576 1  -  Research on property market may help govt measures target specific segments By UMA SHANKARI [SINGAPORE] The Real Estate Developers’ Association of Singapore (Redas) has set up a new unit to conduct targeted research into issues that concern Singapore’s property market. Among various
    FILE PHOTO  -  576 words
  • 141 1 GST INDEX 3,103.84 (+37.32) GST INDEX FUTURES 3,098 (+37) GSIMSCI 365.82 (+5.50) GSIMSCI FUTURES 365.70 (+5.10) FOREX US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.619 2.052 EURO (US$/S$/E) 1.395 1.768 Foreign currency per US$ S$ YEN 82.50 65.10 RM 3.033 2.393 HK$ 7.789 6.145 BAHT 30.36
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  • Page 1 Advertisements
    • 44 1 M’SIAN ECONOMY RM83b investment target on track: Najib PAGE 4 TransportHUB New hybrid hatchback becomes core Lexus model I PAGE 23 AutoFrance banks on new Peugeot 508 I PAGE 23 STRAIT TALK It’s still all about trade cycles and political risk I PAGE 20
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    • 13 1 HOCK LOCK SIEW Dividends finally get their due respect PAGE 6 *****1 *****4
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    • 69 1 COMMENTARY Germany and the happiness paradox PAGE 24 EXECUTIVE MONEY Hedge fund assets set to hit record PAGE 32 Adrenalin 0 Monaco 2006 CooperT71/73,1964 e> lii d 1 =r 2D ECOND A A if "N 1 COLLECTION CLASSIC RACING SUPERFAST CHRONOGRAPH CHOPARD BOUTIQUES #01-03 Takashimaya S.C.,Tel. 6733 8111 Bi-ioyThe Shoppes
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  • TOP STORIES
    • 627 2 For true picture, Redas to highlight its shades THE Real Estate Developers’ Association of Singapore has set up a new unit to conduct targeted research into issues that concern Singapore’s property market. Among other things, the working group will examine the factors that drive demand for various segments
      627 words
    • 683 2  -  Buyer is said to be the executive chairman of Midas Holdings By KALPANA RASHIWALA [SINGAPORE] A record land price per unit has been set for a Good Class Bungalow (GCB) transaction: a bungalow at Cluny Road has been sold for $33 million or
      GUZ ARCHITECTS  -  683 words
    • 443 2  -  By EMILYN YAP [SINGAPORE] Ho Bee Investment is committing around $820 million in a new office project at one-north, Buona Vista. The Grade A development, when fully occupied, could contribute to a four-fold increase in the firm’s recurring income. Ho Bee chairman
      443 words
    • 323 2 AFP [TOKYO] Japan’s top securities firm Nomura has appointed its first ever female chief financial officer, a rare move in Japan, where senior business positions are almost exclusively filled by men. Junko Nakagawa, 45, will commence her new role on April 1, Nomura said
      AFP  -  323 words
    • 565 4  -  New marina and oil-gas hub latest projects in plan to revitalise economy By PAULINE NG in Kuala Lumpur MALAYSIA is set to meet its investment target of RM83 billion (S$34.7 billion) this year, with RM76 billion worth to be generated from projects under its
      AP  -  565 words
    • 590 4  -  But Finnish refiner may not ramp up output fully yet, as outlook is less than rosy By RONNIE LIM [SINGAPORE] Made-in-Singapore renewable biodiesel from Neste Oil’s S$1.2 billion Tuas plant the world’s largest has started to enter European markets. But the Finnish
      590 words
    • 483 4 Reuters [SEOUL] The bustling entertainment districts of one of the world’s largest cities, Seoul, were pitched into darkness early yesterday as the government clamped down on energy use to cope with rising oil prices. Neon signs and outdoor lights were ordered
      Reuters; REUTERS  -  483 words
    • 462 4  - SWFs’ kitty swells 11 to US$4t in 2010 Any political change in MENA may impact funds there: Preqin By TEH SHI NING [SINGAPORE] Total assets of sovereign wealth funds (SWFs) rose 11 per cent last year to US$4 trillion, alternative assets data provider Preqin said yesterday. This is the second
      462 words
    • 381 4 Reuters [NEW DELHI] A high-roll-ing stud farm owner accused of illegally stashing billions of dollars in overseas accounts appeared in a Mumbai court yesterday in a case seen as symbolising India’s struggle against rampant tax evasion. Hasan Ali Khan, who says
      Reuters  -  381 words
  • Page 2 Advertisements
    • 132 2 J.Diii iiiiii r<JAii£JJ iiUll SUdTSC 3MCAP0h.S LilVEIy 1, 2, ii, 4 «S 6 12 NO Oil U Pi'd OiULY FitEE ilDi>JJ£>£}JOi x J 5 show floors of EXCLUSIVE I.T. SHOW offers 830 leading manufacturers suppliers showcasing NEW PRODUCTS TECH GADGETS 350,000 sq ft of GREAT BARGAINS and HUGE SAVINGS for
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  • Page 3 Advertisements
    • 173 3 There may be no word in the English language to describe it. The new Citroen C5 strikes the perfect balance of both performance and luxury of a Category B continental car. Fitted with the award-winning 1.6 THP engine, it demonstrates lively acceleration with increased torque. However, its newfound power comes
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  • COMPANY NEWS
    • 746 6  -  Only 2 out of 8 are trading above their offer prices as at yesterday’s close By MICHELLE TAN WITH the recent deferment of Perrenial China Retail Trust’s (PCRT) proposed initial public offering (IPO) still fresh on investors’ minds, one might ponder whether
      746 words
    • 187 6 Bloomberg [SINGAPORE] Singapore Exchange Ltd (SGX) chief executive officer Magnus Bocker will meet Australian government and mining industry leaders in Perth today, Magdalyn Liew, spokeswoman for the Singapore bourse, said. “The purpose of the trip is to identify opportunities in the Australian mining industry that
      Bloomberg  -  187 words
    • 753 6  -  HOCK LOCK SIEW By WONG WEI KONG DIVIDENDS were once regarded with disdain in this part of the world. Investors bought stocks for capital gains, accepting higher risk as part of the bargain. Dividends were seen as boring, so companies pandered to this and
      753 words
    • 471 6  -  By VICTORIA HO THE rising price of oil is blunting emerging markets’ ability to keep inflation low, and as a result, is hurting the regions’ attractiveness to investors. Oil prices have been rising due to ongoing fighting in Libya and unrest in other
      AP  -  471 words
    • 413 8  -  $890m project will have material financial impact on company’s FY2011 HOT STOCK By JERMAINE NG HYFLUX shares soared yesterday as investors warmed to the news of PUB naming the company as the preferred bidder for Singapore’s second and largest seawater desalination plant. Its shares
      FILE PHOTO  -  413 words
    • 344 8  -  Revenue surged 99% year-on-year to $22.2m By FELDA CHAY DIGITAL storage media producer Datapulse Technology’s net profit for its second quarter more than doubled from a year ago as new product launches by its customers gave production a boost, while stronger demand for media
      344 words
    • COMPANY BRIEFS
      • 113 8 SAMUDERA Shipping Line has entered into a contract to buy a container vessel for about US$11 million. The vessel, built in 1999, has a capacity of 1,054 TEUs (twenty-foot equivalent units), and is expected to be delivered at the end of March. The acquisition will
        113 words
      • 60 8 OVERSEAS Union Enterprise (OUE) has dismissed speculation that it is going into low-cost housing in China. In a statement yesterday, OUE said its business strategy remains unchanged and is focused on Singapore’s property and hospitality sectors. There are no current plans for investments in
        60 words
      • 76 8 KSH Holdings said that the $49.1 million contract awarded by the Ministry of Education to its subsidiary would not have a material impact on its net tangible assets or earnings per share for the financial year ending March 31, 2011. The
        76 words
    • 531 11  -  M’sian group may pay $170-175m for Elad’s one-third stake in consortium By KALPANA RASHIWALA MALAYSIA’S IOI group is poised to emerge as City Developments Ltd’s (CDL) partner in the landmark South Beach project in Singapore, say sources. IOI is said to
      FILE PHOTO  -  531 words
    • 408 11 Asia’s appreciating currencies boost premium growth Reuters [BEIJING] Growth in South-east Asia’s Islamic insurance sector has been weaker than expected with many consumers happy to settle for regular policies, the Asian head of Britain’s No 2 insurer Aviva said yesterday. “The huge growth that we
      Reuters; FILE PHOTO  -  408 words
    • 96 11 Reuters [DHAKA] Singapore-based Olam Enterprise has won a tender to supply 30,000 tonnes of parboiled rice to Bangladesh at US$549.14 a tonne, including CIF liner out, a government food official said yesterday. The state grains importer issued the tender last month as part of efforts to boost
      Reuters  -  96 words
  • Page 6 Advertisements
    • 161 6 I ss 53 PERCEPTION S 0 Singapore Brand Conference IDIFFERENTIATIONiEIj TRl IQTSTRATEGY_j f BRAND CONCEPT 1 —I O O J3 m TRUST D STRATEGY Thursday, 31 March 2011 Suntec Convention Centre, Ballroom 3 IN THE NEW NORMAL Guest-of-Honour MR. LEE YISHYAN Minister-of-State For Trade Industry Singapore Brand Conference 2011 Programme
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  • Page 7 Advertisements
    • 240 7 T INTRODUCING THE CT200H. NEW LUXURY HAS ARRIVED. c m U V !£XJ vS 5ee luxury in a new light with the world's first 1.8 litre full hybrid compact. The CT200h is built for the progressive and the passionate who appreciate technological innovation as much as natural conservation. The sleek
      240 words

  • Page 8 Advertisements
    • 249 8 JPMorgan Global Natural Resources Fund you shouldn't lose sleep over which natural resources to invest in. JPMorgan Global Natural Resources Fund offers easy access to a broad range of energy, metals and mining stocks in a single fund. As the world turns to nature to drive growth, make sure your
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    • 19 8 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your y Mergers s! Acquisitions Notices |j
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  • Page 9 Advertisements
    • 1495 9 Hutchison Port Holdings Trust (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore) managed by Hutchison Port Holdings Management Pte. Limited SUBSCRIBENOW!IPO closes on4 M14 March 2011at 1at 10 a.m. (Singapore time) Hongkong International Terminals Yantian International Container Terminals HUTCHISON PORT HOLDINGS TRUST
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  • SINGAPORE MARKETS
    • 613 10  -  Sentiment improves, with Singapore and Hong Kong stock indices rising over 1% each STOCKS R SIVANITHY Senior Correspondent FEAR turned to greed yesterday, as oil prices fell and traders bet heavily on Wall Street rebounding after two days of heavy losses. Paving
      Source: Bloomberg  -  613 words
    • 4 10 DAILY
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    • 66 10 Mar 8 VALUE CLOSE BT OB/OS 25.00 +534.0 BT CADI -*****.00 +101.0 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 767.13 +5.99 FTSE ST Small Cap 551.32 +1.32 FTSE ST All Share 765.66 +8.26 FTSE ST China Top 274.23 +4.28 FTSE ST China 306.39 +1.50 FTSE
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    • 55 10 VOLUME Dyna-Mac 125,168,000 Golden Agri 38,114,000 Genting SP 35,494,000 NexGenSCom 35,261,000 SingTel 24,613,000 GMG Global 19,995,000 RafflesEdu 19,229,000 SM Summit 18,866,000 GuocoLeisure 18,789,000 ChinaGaoxian 18,010,000 VALUE($) Keppel Corp 126,701,600 DBS Grp 82,833,920 SembMar 73,412,273 SingTel 73,301,114 Genting SP 70,471,260 Dyna-Mac 60,877,300 SIA 52,959,540 OCBC Bk 50,731,180 Olam
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 4 0 0 0 9 5 4 Manufacturing 57 31 76 4 5 16 61 36 92 Commerce 21 18 27 3 1 2 24 19 29 Tpt/Stor/Comms 20 9 14
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        304 10 March 8 close: $2.05 DBS Vickers Securities, March 8 HYFLUX has emerged as the preferred bidder for Singapore’s second desalination plant on a design, build, own and operate basis over a 25-year concession. The project cost of the desalination plant (318,000 cu m), together with a power plant (411
        Source: Bloomberg  -  304 words
      • Article, Illustration
        396 10  -  March 8 close: $14.54 Citi Investment Research, March 7 Compiled by JAMIE LEE DBS HK CEO Sebastian Parades sees a combination of capturing China’s loan and fee “megatrends”, rates cycle recovery and re-position-ing towards higher-margin “sub-SME” lending as drivers to improve sub-par returns for Hong Kong. We broadly
        396 words
      • 132 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
        132 words
    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 50,670 50,670 179,467 179,467 Manufacturing 239,448 19,711 259,159 228,112 976 229,088 Commerce 90,606 1,919 92,525 133,095 461 133,556 Tpt/Stor/Comms 98,986 1,516 100,502 229,254 308 229,561 Finance 31,820 31,820 197,691 197,691 Construction 20,718 6,350 27,068 7,097
      121 words
    • 113 10 Stock name Close Change CapMallsAsia 1.740 -0.010 CapitaLand 3.370 +0.010 CapitaMall 1.840 CityDev 11.360 +0.180 ComfortDelGro 1.540 +0.020 DBS Grp 14.540 +0.200 F&N 5.850 +0.040 Genting SP 1.990 +0.010 Golden Agri 0.695 +0.005 HK Land 7.060 -0.070 JMH 46.700 -0.300 JSH 28.480 +0.220 Jardine C&C 35.180
      113 words
    • 470 10 CURRENCIES AFP [TOKYO] The euro rose against the dollar and the yen in Asian trade yesterday, as expectations of a rate hike by the European Central Bank (ECB) outweighed any debt fears stoked by Moody’s downgrading of Greece. The euro firmed to US$1.3982 from
      AFP; REUTERS  -  470 words
    • 112 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 278.7 1.8 DBXT FTVietnam 10US$ 3270 72.2 1.8 Keppel Corp 1210 40.0 3.4 DBXT MSTHAI 10US$ 1611 39.3 2.0 UOB 1896 36.0 1.9 DBXT FTChina25 10US$ 3190 35.5 0.9 UOB.ES.1103 1874 34.0 1.8 SIA 200 1380 32.0 2.4 Lyxor LatinAmerica 1
      112 words
    • 122 10 BY CENTS CLOSE DOWN GLD 10US$ *****-109.0 -0.6 IS DJ US Tech 6734 -87.4 -1.0 DBXT SPASX200 10US$ 3517 -57.0 -1.3 JMH 4670 -38.0 -0.6 OCBC Bk 4.5%NCPS 100 ***** -20.0 -0.2 Golden Ocean 157 -12.0 -7.1 DBXT MSBrazil 10US$ 732 -10.1 -1.1 DBXT MSAsExJp 10US$ 3268 -8.9 -0.2
      122 words
    • 5 10 DAILY
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  • SINGAPORE NEWS
    • 473 12  -  As major transhipment hub, Singapore well-placed to capture higher trade volume YESTERDAY IN PARLIAMENT By JOYCE HOOI SHANGHAI might have overtaken Singapore as the world’s No 1 port last year, but it did not do so at Singapore’s expense, Second Minister for Finance and
      473 words
    • 385 12  -  By NISHA RAMCHANDANI MORE than half of the $100 million Aviation Development Fund (ADF) has already been allocated, says Lim Hwee Hua, Minister in the Prime Minister’s Office and Second Minister for Finance and Transport. Funds have been allocated to three incentive programmes:
      385 words
    • 1046 12  -  By SAMUEL EE PUBLIC buses will be exempted from the Additional Registration Fee of 5 per cent from tomorrow, possibly saving public bus operators more than $7 million this year. The cut is in recognition of the important role that public buses
      FILE PHOTO  -  1,046 words
    • 736 12  -  Social problems as a result of gambling within control: Vivian By LEE U-WEN SINGAPORE’S two casinos are meant to be “tourist products” and the government will not hesitate to intervene whenever they target the domestic market, said Community Development, Youth and Sports Minister
      736 words
    • 382 12  -  By LEE U-WEN FROM April 1 this year, families on the Public Assistance (PA) scheme can look forward to receiving bigger cash allowances every month. Some 3,000 single-person households will each get $400 a month, up 11 per cent from $360 previously.
      382 words
    • 481 13  -  One of nine participants in the tender, it puts in a bid of $938 psf ppr By EMILYN YAP CITY Developments Ltd (CDL) yesterday emerged as the top contender for a 99-year-leasehold hotel site at Robertson Quay, putting in a bid
      481 words
    • 325 13  -  By VICTORIA HO THE Workforce Development Agency (WDA) has rolled out two new programmes aimed at raising productivity through upgrading workforce skills in the country. Announced yesterday by NTUC assistant secre-tary-general, Josephine Teo, the first is the Workforce Skills Qualifications (WSQ) Certified
      325 words
    • 145 13 THE President of the Philippines, Benigno S Aquino III, will make a state visit to Singapore from today to March 11. He will be accompanied by parliamentary officials including Acting Secretary of Foreign Affairs Albert F Del Rosario and Secretary of Finance Cesar V Purisima
      145 words
    • 267 13 Pictet-Absl Rtn GIo Cons-P EUR 04.03.2011 EUR 100.95 Pictet-Absl Rtn GIo Div-P EUR 04.03.2011 EUR 114.84 Pictet-Asian Equities Ex Japan-P USD 04.03.2011 USD 181.37 Pictet-Asian Local Currency Debt-P USD 04.03.2011 USD 137.75 Pictet-Biotech-P USD 04.03.2011 USD 312.88 Pictet-CHF Liquidity-P 04.03.2011 CHF 124.19 Pictet-Clean Energy-P USD 04.03.2011 USD 81.51
      267 words
    • 427 13  -  By UMA SHANKARI A HDB site at Clementi Avenue 4 offered for sale under the design, build and sell scheme (DBSS) drew 11 bids at the close of the tender yesterday the highest number of bids received since the scheme was
      427 words

  • Page 13 Advertisements
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  • ECONOMY WATCH
    • 589 14 Row may continue until Sept when banking panel gives its final proposals Reuters [LONDON] The row over reforming Britain’s banking sector is heating up as discussion of a drastic restructuring and increasingly assertive political rhetoric draw equally stern responses from the banks.
      Reuters  -  589 words
    • 335 14 Bloomberg [SINGAPORE] Treasury traders increased bets on inflation to the most in 32 months after oil prices surged and as economists said a US industry report due for release yesterday will show that optimism among small business climbed in February. The
      Bloomberg  -  335 words
    • 341 14 Figure for January shrinks 47.6% to 461.9b yen AFP [TOKYO] Japan’s current account surplus shrank 47.6 per cent from a year earlier in January as the trade balance fell into its first deficit in two years, the finance ministry said yesterday. While the fall in
      AFP; BLOOMBERG  -  341 words
    • 235 14 Reuters [DUBAI] Ongoing political and macroeconomic uncertainties will continue to have a negative impact on the global economy and markets, economist Nouriel Roubini said yesterday at an investment conference in Dubai. Mr Roubini, who is known as Dr Doom for his pessimistic forecasts, including predicting
      Reuters  -  235 words
    • 521 14 Moody’s has further downgraded its debt rating AP [LONDON] Greece has launched a tirade against US credit ratings agencies after Moody’s downgraded its debt grade further below junk status, warning that the bailed-out euro country might have to default on its massive
      AP  -  521 words
    • 642 14 Reuters [SEOUL] The Bank of Korea is under mounting pressure to raise interest rates this week not simply to cool inflation expectations, but more importantly to win back investors’ confidence in its independence. A slew of indicators released last week pointed to
      Reuters  -  642 words
    • 470 14 But inflation and domestic politics pose risks, says S&P Reuters [LONDON] Asia continues to outperform other regions in terms of growth and sovereign credit trends. Despite generally stable credit quality, various factors have combined to make the policy environment tricky for sovereigns in the
      Reuters  -  470 words

  • MALAYSIA/INDONESIA
    • 439 15 Benchmark palm oil prices have gained around 30% during the last 12 months Reuters [KUALA LUMPUR] Malaysia plans to subsidise biofuel as key feedstock palm oil soars to multi-year highs, riding crude oil prices driven higher by fears of spreading unrest in the
      Reuters; BLOOMBERG  -  439 words
    • 627 15  -  By S JAYASANKARAN in Kuala Lumpur IN his long-awaited autobiography released yesterday, former Malaysian prime minister Mahathir Mohamad said Anwar Ibrahim didn’t deny sodomy allegations before he was sacked as deputy prime minister in 1998. Dr Mahathir, 85, said when Mr Anwar
      627 words
    • 319 15 Reuters [JAKARTA] Indonesia’s Finance Ministry raised a higher-than-expected seven trillion rupiah (S$1 billion) in a debt auction yesterday, as foreigners continued buying the country’s bonds after a sell-off in January. The ministry’s debt office, which targeted five trillion rupiah in sales,
      Reuters  -  319 words
  • Page 15 Advertisements
    • 190 15 Fire up your business with Emerging Enterprise Award 2011 f w ii 45 •v t 'i Be one of the top three to materialise your dreams with coveted prizes Total welding solutions provider Allalloy Dynaweld scored new achievements after emerging as one of the top three winners in 2009. You
      190 words

  • GREATER CHINA
    • 629 16 Mechanism to determine minimum wages will be improved: minister Bloomberg Reuters [BEIJING] More Chinese cities and regions will raise minimum wages this year after six provinces already did so, as labour shortages spread inland, Yin Weimin, Minister of Human Resources
      Bloomberg; Reuters; REUTERS  -  629 words
    • 384 16 AP [SHANGHAI] China’s economy is safe from a “double-dip” slowdown in growth, a top economic planner said yesterday, though he acknowledged challenges in keeping inflation under control and cutting back on excessive and wasteful investments. “First of all, you can say for sure that
      AP  -  384 words
    • 614 16 He would be first Chinese-American to serve in that post Reuters [WASHINGTON] US President Barack Obama will nominate Commerce Secretary Gary Locke, who this year criticised China for not opening its markets, as the next US ambassador to Beijing, two administration
      Reuters; REUTERS  -  614 words
    • 248 16 Reuters [BEIJING] China has reversed punitive reserve requirements (RRR) imposed on several banks after getting them to rein in their lending, two sources told Reuters yesterday, an indication of success in a crucial part of the government’s campaign to control inflation. After struggling to control
      Reuters  -  248 words
  • Page 16 Advertisements
    • 166 16 WINE DINE AND HOSPITALITY Indulge in the Best of Singapore Food From only $4.80 At Zenden, level 4, Gallery Hotel Savour the 10 irresistible dishes that have made it to Zenden's top Singapore favourite food list! From the classic Hainanese Chicken Rice to the delicious Frog Leg Porridge and Live
      166 words

  • INDIA
    • 493 17 Oil price jump swells govt’s subsidy bill, threatening to derail debt-cutting moves Bloomberg [MUMBAI] The cost of locking in interest rates in India is higher than benchmark bond yields for the first time in nearly two years, reflecting concern the government
      Bloomberg  -  493 words
    • 467 17 Bloomberg [NEW DELHI] India, the biggest milk producer and consumer, is seeking to double output growth to become a “major player” globally and gain from rising prices, according to the world’s largest dairy group by members. The country expects to boost output
      Bloomberg; FILE PHOTO/THE STRAITS TIMES  -  467 words
    • 376 17 AFP [NEW DELHI] Indian corporate salaries are set to grow by nearly 13 per cent this year, the fastest pace in the world, and will keep rising at this level for up to five years, a consultancy forecast yesterday. The country’s
      AFP  -  376 words
  • Page 17 Advertisements
    • 120 17 How to run a business without running out of ideas. March/April issue out now! Eight tips on making use of social media. Is there is still hope forthe spa sector after the recent spate of closures? ACRA to pay more attention to corporate governance and smooth the path for SMEs.
      120 words
    • 2096 17 MATS <£P NOTICES BUY IT• SELL IT• FIND IT TRAVELITE HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number *****1089K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of TRAVELITE HOLDINGS LTD. (the "Company") will be held at 205A Kallang Bahru Singapore
      2,096 words

  • WORLD
    • 523 18 Move signals fraud claims haven’t dented firm’s appeal Bloomberg [LONDON] The Bank of England appointed Goldman Sachs’ senior European economist Ben Broadbent to its Monetary Policy Committee, a move that shows governments are again looking to the firm for top decision makers, less than
      Bloomberg  -  523 words
    • 449 18 AP [WELLINGTON] A New Zealand homeowner whose house was smashed by a car-sized boulder in last month’s earthquake has sold the rock in an online auction for more than NZ$60,000 (S$56,012). Christchurch resident Phil Johnson said the 30ton boulder tumbled down from a hill
      AP  -  449 words
    • 512 18 Fast growth fuelling inflation, especially in food prices, made worse by oil spike Reuters [WASHINGTON] Emerging market economies that powered the global recovery may be growing too fast for their own good as inflation pressures build, a top International Monetary Fund official said. China, Brazil
      Reuters  -  512 words
    • 442 18 Reuters [LONDON] If oil prices stay where they are or go even higher, depending on events in the Middle East current short-term emerging market portfolio realignments could lead to a wholesale reassessment of investor risk. Some clear winners and losers in
      Reuters  -  442 words
    • 558 18 Reuters [PARIS] Bernard Arnault, the undisputed king of luxury, is a very patient man. He has shown he can remain quietly in the background for a long time before pouncing on a target. And he did it again on Monday when his
      Reuters  -  558 words
    • 317 19 Reuters [LONDON] Universities that plan to charge students the maximum tuition fees of £9,000 (S$18,437) per year from 2012 will have to provide more subsidies for poorer students, the Office for Fair Access (OFFA) said yesterday. Universities like Cambridge, Oxford and Imperial College
      Reuters  -  317 words
    • 463 19 GDP shrank 1.5% in Q4 from previous three months Reuters [STOCKHOLM] Iceland’s gross domestic product (GDP) shrank again in the final part of 2010 after expanding in the third quarter, underlining the fragility of its economy, which closed last year registering its
      Reuters; BLOOMBERG  -  463 words
    • 423 19 It wants the banks to sell assets and repay hefty loans Bloomberg [DUBLIN] European Central Bank president Jean-Claude Trichet faces a dilemma after an international bailout failed to unlock credit markets for Ireland and its banks: how to recoup his
      Bloomberg  -  423 words
    • 723 19 Col Gaddafi’s go-between offers to talk with rebels’ leader, gets rejected AFP [BENGHAZI] Libya’s air force carried out new raids yesterday on a rebel-held town as the revolt against Muammar Gaddafi’s regime entered its third week amid mounting calls for a
      AFP  -  723 words
    • 518 19 AFP [DHAKA] Muhammad Yunus, the Bangladeshi winner of the 2006 Nobel peace prize, yesterday lost a high court appeal after being sacked from his own bank in a bitter clash with the country’s authorities. Mr Yunus, 70, who is celebrated worldwide for
      AFP  -  518 words
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  • Page 19 Advertisements
    • 1457 19 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOPWORX PTE. LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****4481 K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at
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  • TransportHUB
    • 489 20 Port operator also seeks to go public to bankroll US$4.6b project Reuters [BEIJING] Denmark’s AP Moeller-Maersk and other foreign investors will invest in Qingdao Port Group’s US$4.6 billion expansion scheme in the next five years, a senior Chinese executive said on Monday.
      Reuters; BLOOMBERG  -  489 words
    • 376 20 Bloomberg [TOKYO] Nippon Yusen KK, Asia’s largest listed shipping line, may slow the speed of its container fleet by a further 10 per cent to pare fuel usage after bunker prices jumped to their highest in more than two years.
      Bloomberg  -  376 words
    • 278 20 SGX '000 Mar 8 S$ +/-Vol CH Offshore 0.46 0.02 33 Chuan Hup Hldg unch unch 0 Cosco Corp 2.03 0.03 ***** CWT Ltd 1.22 unch 1701 Ezra Hldgs 1.78 0.03 7008 First Ship Lea 0.42 0.01 103 Freight Links 0.07 unch 192 Grand Banks unch unch 0
      278 words
    • 466 20 Reuters [LONDON] Crude oil tanker earnings on the key Mediterranean route eased on Monday as vessel availability grew, compounded by violence in Libya leading to closure of oil ports. Cross Mediterranean aframax tanker rates fell to W143.75 in the Worldscale measure of
      Reuters; BLOOMBERG  -  466 words
    • 865 20  -  Looks like we’re heading for overcapacity while political unrest is rife in many places STRAIT TALK By DAVID HUGHES MYATTENTIONhas been drawn to a recent blog by well-known shipping industry personality Clay Maitland. In a typically outspoken piece, the open register
      865 words
    • SEA ASIA 2011
      • 1220 21  -  VINCENT WEE looks at the increasing diversity in the funding industry and the emergence of China as a major lending power VINCENT WEE THEglobaleconomicslump of 2008 and 2009 put a shock in the financial system that was keenly felt by the shipping industry as
        ST FILE PHOTO  -  1,220 words
    • TRANSPORT HUB: AVIATION
      • 680 22  -  It opposes 100% cargo screening, will push for its Secure Freight initiative By VEN SREENIVASAN GLOBAL air cargo security should be approached from a supply chain angle, whereby security of shipments are ensured from the time of packing to loading. This would
        REUTERS  -  680 words
      • 3298 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
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      • 337 22 Bloomberg [SEATTLE] Boeing Co won 43 orders for widebody planes from Chinese carriers, including its first 747-8 deal in more than a year, as economic growth spurs travel in the country. Hong Kong Airlines agreed to buy 32 787s and six 777 freighters,
        Bloomberg  -  337 words
      • 676 22 Its exec sets cap for next year at 212.9m tonnes of CO2 AP [AMSTERDAM] The European Union (EU) told airlines on Monday to trim their carbon emissions by 3 per cent on flights to the continent next year to fall within new pollution
        AP  -  676 words
    • TRANSPORT HUB: LAND
      • 547 23  -  Borneo Motors now offers four of the five available Lexus hybrid models here By SAMUEL EE THE new Lexus CT200h hybrid hatchback is so successful for the Japanese luxury carmaker that it is expected to account for one out of three Lexus cars
        LEXUS  -  547 words
      • 667 23 Reuters [MEXICO CITY] Fiat SpA is in talks with several Russian automakers to expand in that fast-growing market and hopes to have a plan in place next month, chief executive Sergio Marchionne said on Monday. “We need tofind the optimal way to
        Reuters; BLOOMBERG  -  667 words
      • 332 23 Bloomberg [LOS ANGELES] Tesla Motors Inc, the US electric carmaker backed by Daimler and Toyota Motor Corp, said the first 1,000 units of the battery-powered Model S sedan it produces next year will be the most expensive version. About 5,000 of
        Bloomberg  -  332 words
      • 202 23 AP [TOKYO] Toyota Motor Corp said yesterday that global sales of its hybrid models have topped three million vehicles on the back of brisk demand for the Prius. The world’s No 1 automaker has sold more than 3.03 million petrol-electric hybrid
        AP  -  202 words
      • 477 23  -  The 508’s arrival here will be timely for its distributor By SAMUEL EE THE arrival of the new Peugeot 508 is important for authorised distributor AutoFrance because it will be a timely introduction of a competitively priced sedan that can take
        AP  -  477 words
  • Page 20 Advertisements
    • 40 20 With new device that can run Chinese education software 新产品大玩中文沈望傅要东山再起 Sim Wong Hoo wants to make a comeback To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      40 words

  • Page 21 Advertisements
    • 417 21 Principal Sponsors Organisers Held in conjunction with Endorsed 12-14 April 2011 Marina Bay Sands® Singapore THE ASIANVOICE IN WORLD SHIPPING Over 50 Industry experts have been lined up to take stock and examine the effects of the past few difficult years and see where we are heading next. Find out
      417 words

  • Page 22 Miscellaneous
    • 308 22 CRYPTIC CROSSWORD Across 1 Fold holding skirt very neatly (6) 4 Compiler’s embracing wanton ladies? Wishful thinking (8) 10 Batted to score a hit? (9) 11 Disgust turning back to outcast (5) 12 The woman, redhead, retaining mother’s beauty (7) 13 Zealot from Iran put in trouble (7) 14 Dated
      308 words

  • Page 23 Advertisements
    • 477 23 Ryan Paul Yates, bachelor, of 11 Keng Cheow Street, #03-04 Riverside Piazza, *****8, Singapore intend to marry Laura Jayne Fearn, single, of 11 Keng Cheow Street, 03-04 Riverside Piazza, Singapore, *****8 at The LotusResidence,BanjarLaingDesaPandak,Kediri,Tabanan,Bali,Indonesia on 7th April. Any person knowing of any lawful impediment to the marriage should without delay
      477 words

  • EDITORIAL & OPINION
    • 497 24 EDITORIAL LAST weekend’s by-elections in Taiwan which saw the opposition win again and former vice-president Annette Lu’s announcement that she intends to launch a bid for the presidency marked the opening salvo in what is shaping up as a year-long presidential campaign. There is
      497 words
    • 823 24  -  THE BOTTOM LINE J. BRADFORD DELONG The writer, a former US assistant secretary of the treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research THREE times in my life
      823 words
    • 1068 24  -  Could it be that, for all their prosperity and security, Germans are too reluctant to take risks and too complacent in short, too happy? By KLAUS F ZIMMERMANN The writer is the director of the Institute for the Study of Labour, Germany THE death of
      REUTERS  -  1,068 words
    • 1189 25  -  The recent budgets in Hong Kong and S’pore are a study in contrast on the theme of fighting inflation By TAY HONG BENG CHARLES KINSLEY Tay Hong Beng is head of tax at KPMG in Singapore and Charles Kinsley is tax principal at KPMG in
      REUTERS  -  1,189 words
    • 888 25  -  Separating the two has created a distortion in our culture. We emphasise things that are rational and conscious and are inarticulate about the processes down below By DAVID BROOKS NYT OVER the course of my career, I’ve covered a number of policy failures.
      NYT; AFP  -  888 words


  • SINGAPORE STOCKS
    • 8464 26 Transaction date: Mar 8 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5 unch 297 17.5 17.5 17.5 18 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7.5 +1 1725
      8,464 words
    • 1605 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4.5 4 5 21.4 4.3 225 130 t APStrategic 169 +2 1 169 169 159 169 100.3 1.5 0.5
      1,605 words
    • 9574 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.07/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9204/0.9204 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,574 words
    • 238 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53cd 52.5 54.5 3.6 6.6 4.2 138 55 16 Genting HK US$ US41 +0.5 ***** 41 40 41 41.5 2699.7 21 8 Over&Gen A14
      238 words
    • 838 27 52-Wk Last Vol Day Last Quote DivGr Yld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.1 111 113 507.2 1070 761 CIMBAsean40 100US$ US1021 -2 0 1021 1021 1025 1032 40.8 350 270 DBS STI
      838 words
  • Page 26 Advertisements
    • 66 26 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
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  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Mar 7 Index Change Change Change Change Change Change World Index Preliminary 929.2 -0.7 3.5 -0.8 3.3 -0.7 4.6 EAFE Preliminary 821.3 -0.7 2.5 -0.6 3.4 -0.5 4.7 Europe Preliminary 1196.9 -0.3
      374 words
    • 177 28 Mar 8 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.32 0.22 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.58 0.48 9 months 0.80 0.60 12
      177 words
    • 24 28 Mar 8 Mar 8 S$ Bid Offer 1-month 1.2667 1.2677 2-months 1.2665 1.2676 3-months 1.2664 1.2674 6-months 1.2659 1.2669 Source: OCBC
      24 words
    • 140 28 Mar 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 555.0 525.0 545.0 33 May 11 545.0 20 Jun 11 541.0 541.0 541.0 1 Jul 11 540.0 Aug 11 535.0 Sep 11 530.0 Oct 11 525.0 Nov
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    • 81 28 Mar 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 09.06.2011 0.32 0.28 0.28 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.46 102.52 102.52 5-Year N*****0S 2.875 01.07.2015 107.41
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    • 107 28 Mar 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1387.75 1407.75 1408.00 1380.00 May 11 1395.00 1414.00 1419.00 1384.50 Jul 11 1402.75 1421.25 1426.00 1392.50 Aug 11 1391.75 1408.00 1406.00 1383.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 58.57
      107 words
    • 77 28 CRUDE OIL PRODUCTS Mar 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.85 0.80 WTI (Near Mth) 105.48 0.75 Dubai (1-Mth F) 111.72 2.01 Tapis blend 122.06 1.96 Minas 117.86 1.96 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.11 -0.17 Jet Kerosene 133.20 1.55 US$/barrel Opec Oil
      77 words
    • 2559 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 23 unch 11 1 10 -11 1.61 56 Asia-Pacific Strategic W*****6 32 1 150 8 5.28 38 ASJ Hldgs W*****1 1.5 unch 200 1 4 22 3.00 11
      2,559 words
    • 121 28 Mar 08 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.322 1.248 Can dollar 1.324 1.274 Euro 1.801 1.732 Sterling pound 2.088 2.008 NZ dollar 0.959 0.914 US dollar 1.285 1.236 Local dollars to 100 units of foreign
      121 words
    • 29 28 Mar 8 Open High Sett STI Mar 3061 3061 3098 SIMSCI Mar 360.3 366.2 365.7 Taiwan Mar 311.6 313.0 311.9 Source: MF Global (S) Pte. Ltd
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    • 65 28 Mar 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3650 3650 3670 3650 3643 85 Apr 11 3652 3623 3691 3613 3623 461 May 11 3651 3584 3665 3571 3584 ***** Jun 11 3590 3565
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    • 466 28 Mar 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6900 0 4827 Jun11 99.6400 0 2107 Sep11 99.5450 0 3514 Dec11 99.3850 0 3645 EUROYEN TIBOR FUTURES Mar11 99.6600 100 6302 Jun11 99.6500 100 1563 Sep11 99.6425 100 866 Dec11 99.6275 100 1928 Mar12 99.6050
      466 words
    • 464 28 Mar 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 6.643 0.725 7.878 45.558 88.886 0.834 11.307 3.067 1.366 86.079 43.955 1.282 6.939 0.944 29.770 30.709 0.625 1.012 Canada 1.016 6.751
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    • 85 28 Mar 8 Source: Thomson Reuters (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths
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    • 137 28 Mar 8 GOLD (US$/oz) Mar 08 Mar 07 Hong Kong 1427.80 1437.00 Mar 07 Mar 04 London 1434.37 1427.80 1435.14 1428.55 Source: Thomson Reuters CAST BAR Mar 08 (S$) Selling Buying Kilobar "62,246.18" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 396 290 10gm 707
      137 words
    • 71 28 Mar 7 Mar 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2524.25 2567.50 3 months 2558.00 2600.00 Copper, Grade A (US$/tonne) Cash 9489.00 9886.50 3 months 9499.00 9895.00 Lead (US$/tonne) Cash 2591.00 2637.25 3 months 2580.00 2630.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 154 28 Mar 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2813 1.2826 1.0114 1.0116 Canadian dollar 1.3018 1.3036 1.0275 1.0282 Euro 1.7675 1.7694 1.3951 1.3955 NZ dollar 0.9380 0.9391 0.7404 0.7407 Sterling pound 2.0509 2.0529 1.6188 1.6191
      154 words
    • 82 28 Mar 7 COCOA (£/tonne) Close Prev High/Low Mar 11 2350 2353 2367/2298 May 11 2346 2340 2364/2293 Jul 11 2295 2276 2309/2243 Sep 11 2270 2250 2281/2220 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2362 2349 2381/2352 May 11 2403 2390 2429/2385 Jul 11 2416 2403 2435/2395 Sep 11
      82 words

  • 5843 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN 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 Camden/New Orleans/Tampico Destination COMMODORE
    5,843 words
  • Page 29 Advertisements


  • Page 31 Advertisements
    • 113 31 AMBER TOWERS East Coast Redevelopment Site ME Subject Site EAST COAST PARKWAY (ECP) East Coast Park District 15. Freehold Site Area: 3,781.9 sq m (40,708 sq ft) Master Plan 2008 GPR: 2.8 Potential GFA: 145,813 sq ft, equivalent plot ratio of 3.58 (subject to confirmation from authorities) Near East Coast
      113 words
    • 174 31 NO. 1 SOPHIA ROAD PRIME COMMERCIAL REDEVELOPMENT SITE View from actual development Si. S3 ;JI Mount Emily Park BUKIT TIMAH ROAD Little India rti Interchange yyilkie Edge SOPHIA ROAD IRochor (U/C) LASALLE College Of The Arts Sophia SUBJECT To CBD Residences PROPERTY (U/C) Plaza -J, Singapura -9 1=1 *o Dhody
      174 words
  • executive Money
    • 1172 31  -  AngelList substitutes pitch meetings with online matchmaking. By MALIA WOLLAN NYT [SAN FRANCISCO] FOR Naval Ravikant, the problem with investing in startups boils down to coffee. “I got really tired of coffee meetings,” said Mr Ravikant, 37, a technology entrepreneur turned investor. So
      NYT  -  1,172 words
    • 923 31  -  Our savings aren’t worth as much we think By TYLER COWEN Tyler Cowen is a professor of economics at George Mason University NYT FISCAL policy debates often focus on technocratic questions about how much money the government should spend and when, yet
      NYT  -  923 words
    • 767 32  -  Survey shows they may reach US$2.25t by end-2011 while capital inflows may quadruple to US$210b from 2010, reports BEI HU Bloomberg [HONG KONG] GLOBAL hedge fund assets may reach a record US$2.25 trillion by year-end on increasing capital inflows and performance gains, according
      Bloomberg  -  767 words
    • 576 32  -  By LILIAN KARUNUNGAN, DAVID YONG Bloomberg [SINGAPORE] Bonds from Taiwan are beating debt from Asia’s developing nations as surging oil prices punish economies with the fastest inflation. Local-currency debt sold by Taiwan returned 1.4 per cent this year, the best performance in
      Bloomberg  -  576 words

  • Page 32 Advertisements
    • 316 32 LARGEST IN SIZE. DEDICATED TO ENERGY. YOUR NO.1 CHOICE. u I LI IE i Powered by the global economic recovery and increasing supply constraints, there is tremendous potential in the energy sector. Managed by a highly regarded investment team dedicated to the industry and backed by rigorous fundamental research, the
      316 words
    • 10 32 OPINION Time to rid ourselves of fiscal illusion PAGE 31
      10 words