The Business Times, 19 March 2011

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Microfilm: NL31286
Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 19 -20, 2011 S$1.00 MICA(P) 139/08/2010 Sfti A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon The yen has been cooled, now for the reactors
    769 1  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN fought fires on two fronts yesterday and managed to bring one of them under control with some help. The G-7 group of advanced countries moved to Japan’s aidon the economic front by joining a rare
    AP  -  769 words
  • Article
    Lock icon HPH Trust sets sail in choppy seas, struggles
    606 1  -  Mega IPO falls below offer price; may trade in S$ by year-end By Emilyn Yap emilyny@sph.com.sg Singapore HUTCHISON Port Holdings (HPH) Trust, the world’s largest initial public offering so far this year, went underwater yesterday in its stockmarket debut in Singapore. But
    606 words
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  • TOP STORIES
    • Article
      Lock icon Travel agencies hard hit by Japan disasters
      811 2  -  Bookings to the country have had to be cancelled following airlines’ travel advisories; sales drop expected till June By Grace Leong, Linette Lim gleong@sph.com.sg llinette@sph.com.sg Singapore MANY travel agencies in Singapore are bracing themselves for a sizeable drop in earnings as holiday bookings
      811 words
    • Article
      Lock icon MARKETS
      141 2 H STI 2,935.78 (-7.10) H STI FUTURES 2,936 (-7) H SIMSCI 346.09 (-0.40) H SIMSCI FUTURES 344.60 (-1.60) STOCKS Friday Change KL COMP 1,503.89 +11.80 NIKKEI 225 9,206.75 +244.08 HANG SENG 22,300.23 +15.80 SET 1,003.29 +0.94 JAKARTA 3,494.07 +9.86 MANILA 3,839.88 +22.50 KOSPI 1,981.13 +22.10 SHENZHEN B 809.82 +1.60
      141 words
    • Article, Illustration
      Lock icon Guns fall silent in Libya as UN bares teeth
      730 3  -  World body gives go-ahead for a no-fly zone over the country; UK and France threaten major air strikes By Lee U-Wen leeuwen@sph.com.sg Singapore AFTER a month-long civil uprising, the embattled Libyan government declared an immediate ceasefire yesterday, just hours after the
      REUTERS  -  730 words
    • Article
      Lock icon Japan woes could hit air travel market badly
      579 4  -  Leading global airlines and markets dependent on Japanese tourism could feel pinch from prolonged national crisis By Ven Sreenivasan ven@sph.com.sg Singapore GLOBAL air travel markets could take a significant hit from the tragic events unfolding in Japan, with Singapore among the 10
      579 words
    • Article, Illustration
      Lock icon Air France faces manslaughter rap
      605 4 Bloomberg Toulouse, France AIR France SA was charged with manslaughter over the fatal crash of an Airbus SAS jetliner into the Atlantic while en route from Brazil to Paris in June 2009. The preliminary charges, filed after a French investigating judge met with Air France’s
      Bloomberg; AP, AFP FILE PHOTO  -  605 words
    • Article, Illustration
      Lock icon S’pore oil hub to supply outputs to Japan
      748 5  -  Companies such as ExxonMobil and Shell have already started the ball rolling By Ronnie Lim ronnie@sph.com.sg Singapore THE Republic’s oil hub has started to help supply some oil products likely to include transport fuels like gasoline, diesel and jet fuel, as well
      AFP  -  748 words
    • Article
      Lock icon S’pore sends first shipment of aid to Japan
      139 5 Singapore THE government, in collaboration with the Singapore Red Cross Society and Mercy Relief, is sending emergency supplies to the Miyagi Prefecture in Japan, with the first shipment going out this morning. The shipments consist of blankets, mattresses, bottled water, water containers
      139 words
    • Article
      Lock icon Japanese government overwhelmed by disasters, admits official
      407 5 AP Tokyo THE Japanese government acknowledged yesterday that it was overwhelmed by the scale of last week’s twin natural disasters, slowing the response to the nuclear crisis that was triggered by the earthquake and tsunami that left at least 10,000 people dead. The
      AP  -  407 words
    • Article
      Lock icon DBS High Notes 5 investors to file appeal
      487 6  -  They’re trying to recoup the $18m that they lost when their investment was devastated by Lehman’s collapse By Michelle Quah michquah@sph.com.sg Singapore THE 21 investors, on behalf of another 192, who sued DBS Bank over its DBS High Notes 5 product have
      487 words
    • Article, Illustration
      Lock icon Asians figure prominently in list of top global businesswomen
      659 6  -  By Malminderjit Singh msingh@sph.com.sg Singapore BUSINESSWOMEN of Asian descent are more in prominence compared to their counterparts elsewhere, as illustrated by the FinancialTimes “Top50Womenin World Business” ranking. Sixteen women on this list are of Asian descent with five of them featuring
      BLOOMBERG PHOTOS  -  659 words
    • Article, Illustration
      Lock icon The female exceptions that prove the rule
      706 7  -  Nomura’s example hardly alters the fact of a male-dominated work culture in Japan By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANESE financial giant Nomura Holdings’ announcement last week that it was appointing its first ever female
      AFP PHOTO/HO/NOMURA HOLDINGS; AP  -  706 words
    • Article
      Lock icon Bank Negara tightens credit card eligibility rules
      543 7  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S central bank yesterday moved to manage household indebtedness by, among several things, raising the minimum income requirement for credit card eligibility from RM 18,000 to RM24,000 (S$10,050) a year effective immediately. In addition, applicants and existing
      543 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      65 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-31 Hedge Funds 32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Shopping L2-4 Style L5 Dining L6-9
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Law of yin & yang
      2134 8/9  - Law of yin yang Despite being a corporate bigwig running one of the world’s largest law firms, Baker McKenzie’s Eduardo Leite also has a good balance of charm and humility. By Michelle Quah humility.By Michelle Quah michquah@sph.com.sg EDUARDO Leite is a startling combination of the yin and the yang: inner
      ARTHUR LEE  -  2,134 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK March 14-18, 2011
      • Article, Illustration
        Lock icon One-two knockout punch floors Japan
        72 10 THE dimensions of Japan’s mega disaster continued to swell dramatically on Sunday with the threat of a nuclear meltdown adding to the misery caused by the earthquake and tsunami which hit the country last Friday. The final death toll may hit several thousand. DIRE STRAITS
        AP  -  72 words
      • Article
        Lock icon Businesses swallow the tablet and smile
        45 10 THE much-awaited iPad 2 became available in the US last Friday and is expected to hit Singapore in a couple of months’ time. Local restaurant chain Fish Co is in the midst of replacing its menu with iPad versions.
        45 words
      • Article
        Lock icon Trains stall, blackouts hit as Japan hobbles to work
        60 10 THE fallout from Japan’s triple disaster spread wider on Monday as the country attempted to get back to work in the wake of last Friday’s massive earthquake and tsunami. But it found itself hit by power shortages and other problems that
        60 words
      • Article
        Lock icon Builders’ stocks soar on a dark day in Tokyo
        65 10 JAPAN’S stock market reeled on Monday as trading resumed after the country’s worst earthquake on record, but shares of construction firms and other companies expected to benefit from the rebuilding effort soared. The benchmark Nikkei 225 index slumped 633.94 points, or
        65 words
      • Article
        Lock icon HPH Trust to price IPO at US$1.01, rake in US$5.5b
        44 10 HUTCHISON Port Holdings Trust will be raising some US$5.5 billion from its initial public offering in Singapore after pricing its units at US$1.01 apiece a level in line with that cited by reports earlier.
        44 words
      • Article
        Lock icon Markets spiral downwards as threat of radiation rises
        59 10 FEARS of a nuclear crisis in Japan hammered stock markets around the world on Tuesday, rapidly turning relative calmness the day before into full-blown panic. Yet, even amid the pandemonium, analysts were drawing attention to buying opportunities calls which are no doubt
        59 words
      • Article
        Lock icon Writing on the wall – early list of home prices
        73 10 Writing on the wall early list of home prices DEVELOPERS may soon have to disclose home prices at least two days before launching their projects, if new rules proposed by the Urban Redevelopment Authority come to pass. The potential changes which also includestricter requirements for showflats and project plans have
        73 words
      • Article
        Lock icon More airlines scrap flights to Japan
        63 10 AIR travel into and out of Japan continued to be in a state of flux with some airlines cancelling flights, while others diverted flights to airports south of Narita. Others such as Singapore Airlines and British Airways stuck to their schedules, but offered refunds
        63 words
      • Article
        Lock icon Ex-UBS client drops $10m counterclaim
        54 10 A LEGAL spat between UBS and former private banking client Ng Kok Keong came to an abrupt end on Wednesday when he threw in the towel and withdrew his $10 million countersuit against the Swiss bank. Mr Ng’s move followed the surprise withdrawal on Tuesday
        54 words
      • Article
        Lock icon Water cannons, choppers fight to quell meltdown
        43 10 IT was still touch and go as at Thursday night as to whether Japan can avert a full-scale nuclear catastrophe at its crippled Fukushima power station on the earthquake and tsunami-battered north-east coast of the country.
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      • Article
        Lock icon Fault lines open up in yen currency trade
        43 10 THE yen continued its five-day surge against the greenback on Thursday, soaring to a record 76.59 yen per US dollar in the morning before falling back to 78.58 yen at 7pm, according to Bloomberg data.
        43 words
      • Article
        Lock icon Capital flight puts Bahrain’s currency under pressure
        38 10 CAPITAL flight from Bahrain is starting to pressure its currency and threaten its position as a Gulf financial centre, though it looks likely to avoid a full-blown currency crisis for now.
        38 words
    • Article
      Lock icon NEXT WEEK Mar 21-25, 2011
      81 10 US DATA March 21 Feb home sales March 23 Feb new home sales March 24 Feb initial claims Feb durable goods orders March 25 GDP third estimate SINGAPORE DATA March 23 Feb consumer price index March 25 Feb index of industrial production EVENTS March 21
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      316 10 CRYPTIC CROSSWORD Across 1 This jumper rides up (11) 9 I return to a trivial item (4) 10 It’s cold fare put out for a revolutionary leader (5,6) 11 Fish tea for Londoners (4) 14 Initiator of enterprise needs one in support (7) 16 Kick out married lover (7) 17
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      20 10 SATURDAY with Ludwig ‘I can see the sharp drop in the stock market just by the look on your face...’
      20 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Cracks surfacing at the telco fort?
      514 11  -  Japan’s disaster is shaking even stocks that used to help shelter investors from market turbulence By Winston Chai winstonc@sph.com.sg Singapore AN ebbing tide lowers all boats and this time around, even telecommunications counters that have helped shelter investors from past market turbulence appear to
      BLOOMBERG  -  514 words
    • Article
      Lock icon KepLand to develop 630-unit condo near Sengkang MRT
      388 11  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore KEPPEL Land is planning to develop a condo of about 630 units near Sengkang MRT station. It expects this project to be ready for launch by the end of the year. The condo will have units ranging
      388 words
    • Article
      Lock icon Spicei2i's Indonesian move draws more fire
      339 12  -  ISS Proxy recommends shareholders to vote against acquisition of handset distributor Affinity Group By Winston Chai winstonc@sph.com.sg Singapore SPICEI2I’S acquisition spree may have encountered a road bump with investment adviser ISS Proxy Advisory Services coming out to recommend shareholders to vote against its latest
      339 words
    • Article, Illustration
      Lock icon Hutchison Port dismal debut reflects turn in IPO sentiment
      665 12 Reuters Singapore HONG Kong billionaire Li Ka-shing’s Hutchison Port Holdings Trust’s price fall of as much as 6.9 per cent in its Singapore debut yesterday underscored how the tide has turned for new listings, with several deals already being delayed or
      Reuters; BLOOMBERG  -  665 words
    • Article, Illustration
      Lock icon No surprises as Japan, Wall St call the shots
      595 13  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent AS always, external events dictated the direction taken by the local stock market this week. The primary driver was, of course, Japan, where the stock market buckled under the weight of worries surrounding the damage
      595 words
    • Article
      Lock icon Emerging stock funds shed US$2.2b in the past week
      248 13 Reuters London INVESTORS pulled US$2.2 billion from emerging stocks in the days following the Japanese earthquake as emerging debt funds received small net inflows, investment banks said yesterday, citing data from EPFR Global. Global markets have been jittery in the wake
      Reuters  -  248 words
    • Article
      Lock icon TOP 20 ACTIVES
      111 13 VOL CLOSE HPHTrust US$ 616,785 95 0.0 0.0 GoldenAgri 70,553 64 0.0 0.0 GentingSP 43,445 188 0.0 0.0 Dyna-Mac 39,098 44 0.0 0.0 SingTel 35,027 285 0.0 0.0 BerlianLaju 33,308 5 0.0 0.0 NobleGrp 31,617 204 -3.0 -1.4 NexGenSCom 27,277 4 -0.5 -11.1 ThaiBeverage 25,719 28.5 0.0
      111 words
    • Article
      Lock icon STI STOCKS
      106 13 Stock name Close Change CapMallsAsia 1.720 +0.030 CapitaLand 3.140 +0.030 CapitaMall 1.710 -0.020 CityDev 10.360 +0.020 ComfortDelGro 1.500 DBS Grp 14.000 -0.040 F&N 5.360 +0.080 Genting SP 1.880 Golden Agri 0.640 HK Land 6.750 +0.290 JMH 43.600 -2.400 JSH 26.000 -1.240 Jardine C&C 33.420 -0.320 Keppel Corp 11.400
      106 words
    • Business briefing
      • Article
        Lock icon Two Sky One directors sell a stake of 25%
        173 13 SKY One Holdings Ltd said that two executive directors and their respective investment companies have agreed to sell an aggregate of 61 million shares representing 25.08 per cent of the total issued share capital of the company to Sin-gapore-incorporated Intoasia Consultancy
        173 words
      • Article
        Lock icon CS to move from Signature after 2012 lease expiry
        91 13 CREDIT Suisse AG, one of Mapletree Industrial Trust’s (MIT) existing tenants at The Signature business park building, is moving to new premises in end 2012 once Credit Suisse’s leases are up. As of Feb 28, Credit Suisse occupies about 1.1 per
        91 words
      • Article
        Lock icon Elec & Eltek seeks dual listing in Hong Kong
        82 13 Elec Eltek seeks dual listing in Hong Kong ELEC Eltek International Company is proposing a dual primary listing of its shares on the main board of the Hong Kong Stock Exchange (SEHK). The company has submitted an application to the SEHK and has appointed Standard Chartered Securities (Hong Kong) as
        82 words
    • Article
      Lock icon TOP GAINERS
      62 13 BY CENTS CLOSE UP GLD 10US$ *****1057.7 6.1 DBXT E50 10US$ 4305 181.0 3.4 DBXT MSEurope 10US$ 4631 159.3 2.8 DBXT SPASX200 10US$ 3324 105.8 2.6 CIMBAsean40 100US$ 997 59.9 4.9 DBXT MSAsExJp 10US$ 3169 39.5 1.0 HK Land 675 37.0 4.5 Lyxor EmergingMkts 1 1100 33.1 2.4
      62 words
    • Article
      Lock icon TOP LOSERS
      63 13 BY CENTS CLOSEDOWN JMH 4360 -305.8 -5.2 DBXT Nifty 10US$ ***** -160.6 -1.0 JSH 2600 -158.0 -4.6 DBXT STGLDv100 10US$ 2821 -112.1 -3.0 DBXT iBoxxUSTr 5US$ ***** -93.0 -0.4 DBXT MSJAP 10US$ 3705 -65.0 -1.4 DBXT USDIGInfl 5US$ ***** -65.0 -0.2 DBXT S&P Short 10US$ 4397 -40.8 -0.7
      63 words
    • Article, Illustration
      Lock icon ISDN banks on two new growth drivers
      355 14  -  Hydroponics and coal mining are its two new business areas By Hoon Yi Shyuan yshoon@sph.com.sg Singapore ENGINEERING solutions provider ISDN Holdings is banking on two new business areas hydroponics and coal mining as new growth drivers. These new business areas are being carried
      355 words
    • Article
      Lock icon Transcu launches new skin whitening product in Japan
      428 14  -  By Jermaine Ng ngshjer@sph.com.sg Singapore LIFE science company Transcu Group has launched a new skin whitening product in Japan. Named IP Whitening, it has been launched under the group’s Electore cosmetic line. Transcu said this is the first product under its cosmetics
      428 words
    • Article
      Lock icon Hedge fund CAI cuts entire exposure to Japan
      164 14 Reuters Hong Kong ASIA-focused hedge fund Central Asset Investments (CAI) has cut its entire exposure to Japan, including stakes in blue-chip companies such as Canon Inc and Toyota Motor Corp, its chief executive said yesterday. Eddie Tam, whose CAI Global Fund returned
      Reuters  -  164 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      265 11 _$*){_>^'+|$?^><+}&"^!]/~/<.+([ Requests have been made by our loyal customers to open everyday. so now we're open everyday (from n.30am-8pm) except Wednesdays Thursdays. nnB mm SREGInU Retractable Recliner Sofa Lounge UP: $399 wj Caramel Maroon Brown Katong: 183 East Coast Road Thomson: 101 Soo Chow Walk Bedok Showroom: Blk 122 Bedok
      265 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Moving with the times
      1246 15  -  As Rodyk Davidson enters a new decade, it is crucial for the law firm to continue to embrace change tenaciously from the desk of Helen Yeo Managing Partner (2002-2010) Rodyk Davidson LLP RODYK DAVIDSON was founded in 1861 during the early years of Singapore’s colonial history.
      WANG HUI FEN/THE STRAITS TIMES  -  1,246 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Radioactivity not likely to reach here: NEA
      397 16  -  Long distances would also reduce the concentration By Nisha Ramchandani nishar@sph.com.sg THE likelihood of a radioactive plume from Japan ever reaching Singapore’s shores is very low, the National Environment Agency (NEA) said yesterday. Even in the worst case scenario, the travelling distance would
      AFP  -  397 words
    • Article
      Lock icon Companies join relief effort
      362 16 COMPANIES such as NTUC FairPrice, Dairy Farm, Neptune Orient Lines (NOL) and Millennium Copthorne International have taken up the cause of the Japanese earthquake and tsunami victims. In separate news releases, each company expressed sympathy for the victims of the disaster and pledged their support to
      362 words
    • Article
      Lock icon SBF raises $700k in just a day for Japan quake victims
      292 16 More donations expected in response to chairman’s call THE Singapore Business Federation (SBF) has raised almost $700,000 in just 24 hours for relief efforts in Japan, with the help of members such as Keppel Corporation, Far East Organization and
      292 words
    • Article
      Lock icon DirectAsia.com eyes the region now
      580 17  -  Online insurance portal surpasses sales targets after just 8 months here, leading Whittington to turn it into its core business and expand it By Genevieve Cua gen@sph.com.sg WHEN Whittington Group chief executive Anthony Hobrow conceived the idea of selling non-life insurance online, many believed it
      580 words
    • Article, Illustration
      Lock icon $3.5m to assist and engage South West district
      293 17 THE South West Community Development Council (CDC) has put aside $3.5 million this year to fund its community caring and engagement plans. This was announced yesterday at the soft launch of EyeCare South West after its revamp. The programme offers free eye
      293 words
    • Briefing
      • Article
        Lock icon Dream World awards for S’pore Cruise Centre
        118 17 THE Singapore Cruise Centre (SCC) has won the Dream World poll as the Most Efficient Port Service, and also the Most Responsive Port. They were voted in by a committee comprising senior executives from major cruise lines. These two awards bring the total
        118 words
      • Article
        Lock icon NWC invites views on wage guidelines
        92 17 THE National Wages Council (NWC) is inviting members of the public and organisations to offer their views on wage guidelines. This is to assist NWC in its deliberations on wage and wage-re-lated guidelines for 2011/2012. NWC will consider factors like the economic performance and
        92 words
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  • WORLD
    • Article
      Lock icon China tightens the monetary screw
      551 18 Prompt decision to increase lenders’ required reserves likely to catch many investors off guard Reuters Bloomberg Beijing daythatitwouldraiselenders’required reserves by 50 basis points, the third time this year. The move increases the required reserve ratio for the country’s biggest banks to a record 20.0 per
      Reuters; Bloomberg  -  551 words
    • Article, Illustration
      Lock icon Recovery adds 264b kroner to Norway’s sovereign wealth fund
      497 18 Bloomberg Oslo NORWAY’s sovereign wealth fund (SWF), the world’s second largest, rose 264 billion kroner (S$59.7 billion) last year as a recovery in global growth and corporate profits spurred a second year of gains in stocks. The Government Pension Fund Global
      Bloomberg; BLOOMBERG  -  497 words
    • Article
      Lock icon Spanish bank shares dip as January bad loans ratio rises
      538 19 Amount of troubled exposure linked to construction and property is 181b euros Reuters Bloomberg AFP Madrid THE ratio of bad loans in the Spanish banking system rose to a 16-year high in January, Bank of Spain data showed yesterday, as
      Reuters; Bloomberg; AFP  -  538 words
    • Article, Illustration
      Lock icon Saudi king orders more handouts
      425 19 King Abdullah also boosts security and religious police forces Reuters Riyadh SAUDI King Abdullah offered yesterday billions of dollars in handouts and boosted his security and religious police forces, opting for a mixture of carrot and stick rather than political reform to shield the world’s
      Reuters; REUTERS  -  425 words
    • Article
      Lock icon European exports jump, adding to signs of recovery
      317 19 Bloomberg Zurich EUROPEAN exports jumped in January, adding to signs that the economy is gathering strength as companies boost output to meet surging demand. Exports rose 3.6 per cent from December, when they fell 0.2 per cent,theEuropeanUnion’sstatistics office in Luxembourg said in
      Bloomberg  -  317 words
    • Article, Illustration
      Lock icon World economy seen withstanding shocks
      759 20 Economists say global recovery has resilience to absorb twin blows from Japan and oil Bloomberg Washington THE world economic recovery may be sturdy enough to withstand the double-whammy of Japan’s 9.0-magnitude earthquake and the surge in crude-oil prices triggered by tensions in the Middle East.
      Bloomberg; AP  -  759 words
    • Article
      Lock icon India’s growth outlook darkens
      344 20 RBI’s warnings about risks to expansion and inflation posed by energy prices cloud prospects Re uters Mumbai DOMESTIC and global factors are conspiring to darken India’s once-shining growth outlook, with inflation and sluggish investment likely to keep economic expansion well below the government’s target of 9
      Reuters  -  344 words
    • Article, Illustration
      Lock icon Senate sends 3-week funding bill to Obama
      574 21 Republicans winning ideological victories by forcing US$10b cuts in two temporary funding measures passed so far AP Washington CONGRESS approved US$6 billion in spending cuts on Thursday as part of legislation to keep the government running for three more weeks a move that
      AP  -  574 words
    • Article, Illustration
      Lock icon No knowledge of vote buying: Manmohan
      400 21 Reuters New Delhi INDIAN Prime Minister Manmohan Singh said yesterday he had no knowledge of vote buying to win a confidence vote in 2008 and doubted the veracity of the claims, a day after defying resignation calls over the issue. The scandal over cash
      Reuters; AFP  -  400 words
    • Article
      Lock icon Pfizer brings new chewy Viagra to Mexican men
      329 21 Reuters Mexico City MEXICAN men who have difficulty swallowing Viagra pills will soon have a chewable version of Pfizer Inc’s impotence drug. Known as Viagra Jet, it was developed over four years in Mexico, where the company will start selling it next
      Reuters  -  329 words
    • Article, Illustration
      Lock icon Bond sales plunge as oil, Japan crisis threaten growth
      427 22 Issuers stay on sidelines amid concern global economic recovery may slow Bloomberg New York GLOBAL company bond sales tumbled this week to the lowest level this year and relative yields widened to the most since February as rising oil prices and
      Bloomberg; BLOOMBERG  -  427 words
    • Article
      Lock icon EU regulators still haggling as bank tests get under way
      418 22 Reuters London EUROPE’S regulators are still arguing about how tough to be on capital requirements for banks undergoing more stress tests after last year’s flopped. Investors hope a second round of stress tests already under way will clear up worries
      Reuters  -  418 words
    • Article
      Lock icon M’sia, Dubai sukuk rally on safety demand
      371 22 Bloomberg Kuala Lumpur ISLAMIC government bonds in Malaysia and Dubai rallied this week, driving yields to their lowest levels in at least two months amid escalating conflict in Bahrain and Libya. The yield on Malaysia’s 3.928 per cent note due in June 2015
      Bloomberg  -  371 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10209 26 Transaction date: Mar 18 Transaction date: Mar 18 Transaction date: Mar 18 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5 +0.5 39 17.5 17.5 17 17.5 7.8 3.5 3.7
      10,209 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 5 0 0 0 5 4 5 Manufacturing 66 47 59 3 3 12 69 50 71 Commerce 22 15 26 3 3 3 25 18 29 Tpt/Stor/Comms 19 9 13
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      829 26 For week beginning Mar 14 Compiled by BT SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ARA Asset Mgt Ltd 17-Mar-11 Lim Hwee Chiang Buy 357 1.68 1653 0.24 2010
      829 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,391 22,391 87,341 87,341 Manufacturing 223,692 5,703 229,395 254,932 578 255,510 Commerce 87,935 5,567 93,502 135,551 1,252 136,803 Tpt/Stor/Comms 748,333 641 748,974 979,053 122 979,175 Finance 31,447 31,447 229,157 229,157 Construction 12,977 2,025 15,002 3,565
      121 words
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Mar 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.23 Can dollar 1.32 1.27 Euro 1.817 1.748 Sterling pound 2.092 2.012 NZ dollar 0.949 0.904 US dollar 1.294 1.245 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      95 27 YTD change: -7.97% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: -3.19% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +1.70% 52-week high: 12,391.20 on Feb 18, 2011 52-week low: 9,614.32
      Source: Bloomberg  -  95 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 17 Index Change Change Change Change Change Change World Index Preliminary 886.7 1.2 -1.2 1.3 -0.2 1.6 0.0 ‡EAFE Preliminary 765.6 0.8 -4.4 1.5 -2.0 1.7 -1.8 Europe Preliminary 1137.9 1.8
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Mar 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2642 1.2655 0.9921 0.9923 Canadian dollar 1.2973 1.2989 1.0180 1.0185 Euro 1.7937 1.7956 1.4076 1.4080 NZ dollar 0.9258 0.9271 0.7265 0.7270 Sterling pound 2.0546 2.0565 1.6123 1.6126
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      Lock icon LIFFE
      82 27 Mar 17 COCOA (£/tonne) Close Prev High/Low May 11 2126 2102 2139/2075 Jul 11 2121 2096 2134/2074 Sep 11 2121 2089 2132/2069 Dec 11 2121 2091 2123/2075 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2525 2440 2550/2450 May 11 2615 2487 2661/2510 Jul 11 2440 2389 2470/2396 Sep 11
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      Lock icon PALM OIL
      67 27 Mar 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3436 3499 3499 3436 665 5780 May 11 3425 3473 3473 3400 3054 ***** Jun 11 3389 3446 3450 3376 ***** ***** Jul 11 3389 3428
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      Lock icon CHICAGO BOT
      93 27 Mar 17 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 11 1335.*****7.*****6.*****5.25 Jul 11 1343.*****5.*****4.*****3.75 Aug 11 1339.*****0.*****9.*****0.00 Sep 11 1321.*****1.*****0.*****2.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 11 54.52 52.96 55.22 53.00 Jul 11 55.07 53.53 55.76 53.55 Aug 11 55.27 53.73 55.94
      93 words
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      Lock icon OIL
      75 27 Mar 17 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 114.12 3.11 WTI (Near Mth) 101.42 3.08 Dubai (1-Mth F) 106.67 2.20 Tapis blend 118.16 2.85 Minas 114.46 2.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.67 1.50 Jet Kerosene 131.40 1.35 US$/barrel Opec Oil Basket Price
      75 words
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      Lock icon LONDON METALS
      73 27 Mar 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2493.75 2426.75 3 months 2523.00 2458.00 Copper, Grade A (US$/tonne) Cash 9564.50 9258.00 3 months 9565.00 9260.00 Lead (US$/tonne) Cash 2665.00 2567.00 3 months 2651.00 2580.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      73 words
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      Lock icon METALS
      68 27 Mar 18 GOLD (US$/oz) Mar 18 Mar 17 Hong Kong 1414.*****8.50 Mar 17 Mar 16 London 1403.*****9.90 1403.*****0.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 44.63 44.40 Source: UOB PLATINUM Lon (US$/oz) Mar 17 Close Previous PM Fix 1697.*****6.00 AM Fix 1698.*****6.00 Source: Thomson Reuters PLATINUM NYMEX
      68 words
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  • PERSPECTIVE
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      Lock icon Aftershocks from Japan
      1047 28 / 29  -  Post-bubble and post-crisis economies worldwide are more vulnerable to shocks and prone to relapses than might otherwise be the case. By Stephen S Roach By Stephen S Roach Stephen S Roach, a member of the faculty of Yale University, is non-executive chairman of Morgan Stanley Asia and
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      Lock icon It’s not the end of the world in Tokyo
      852 28 / 29  -  By William Pesek William Pesek is a Bloomberg News columnist. The opinions expressed are his own. Bloomberg OF all the things I expected to experience in Tokyo, hugging three Japanese female strangers in their 70s was never part of the plan.
      Bloomberg  -  852 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Just keeping the chin up
        938 30 / 31  -  Strategists are mainly guardedly optimistic, with most believing that the worst-case scenario of a nuclear meltdown can be averted. By Genevieve Cua By Genevieve Cua gen@sph.com.sg FEAR is again running rampant in markets in the wake of the calamity in Japan. The devastation wrought by
        REUTERS  -  938 words
      • BROKERS' TAKE
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          Lock icon Singapore strategy
          814 30 / 31  -  Phillip Securities Research March 18 Compiled by CONRAD TAN AS it stands, the situation in Japan seems highly fluid, with helicopters doing water bomb runs on the fuel rods and water cannon trucks used for riot control standing at the ready while workers struggle to get the power
          814 words
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        Lock icon Thriving in the throes of market volatility
        990 32  -  Hedge funds are doing brisk business since the Japan earthquake. By Julie Creswell, Louise Story NYT FOR Jason Adler, it doesn’t matter whether the market goes up. Or down. What matters is that it goes. While other investors have been getting whipsawed by
        NYT; OZIER MUHAMMAD/THE NEW YORK TIMES  -  990 words
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        Lock icon Don’t count the stock market out, there’s value yet
        1163 33  -  There are blue chips with expected dividend yield of over 6%; that beats keeping money in the bank show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder WE ARE in very uncertain times now
        Source: Compiled by BT with data from Bloomberg  -  1,163 words
    • WEALTH REAL ESTATE
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      161 36 M iUDEMARSPlGUET Le maitre de 1'horlogerie depuis 1875 JULES AUDEMARS PERPETUAL CALENDAR fi ft 20 w'^■Ti re f 7 /jZs WL "a fes I 4 Js iu S fe 1 fr. The Ju/es Audemars Perpetual Calendar watch is a masterpiece of miniaturisation developed on the basis of the extra-thin self-winding
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      57 1 LivingTHEBUSINESSTIMESWEEKEND|MARCH19-*****1BTTHE BUSINESS TIMES WEEKEND MARCH 19-20 2011 DESIGNED IN SINGAPORE Expats go creative with their businesses here ETERNITY DISC BY MICHAEL FIEBRICH. PHOTO: MARTHA CHAUDHRY LIFESTYLE Vertical verve L10-11 NO HOLDS BARRED Athletes spearhead donations L16 STYLE International woman of mystery L5 DINING Not your average cuppa L6-8 MOTORING GTS
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  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon Designed in Singapore
        2908 2/3  -  As recent as five years ago, it was difficult enough finding Singaporean designers who were running a thriving design practice, much less foreign born expats, but things have definitely changed since. Melissa Lwee talks to five local-based expats who are creating fashion and products out of Singapore,
        ARTHUR LEE  -  2,908 words
    • STYLE
      • Article, Illustration
        Lock icon International woman of mystery
        992 5  -  Fashion visionary Rei Kawakubo has been challenging the status quo for decades with her Comme des Garcons label. The usually media shy designer talks to BT Weekend about her creative process, balancing business with art, and the possibility of retirement. By Audrey Phoon retirement.By Audrey Phoon
        PHOTOS: CLUB 21  -  992 words
    • dining
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        Lock icon Not your average cuppa
        2465 6/7  -  First-time F&B entrepreneurs with a penchant for cake, hot beverages, old world European charm, and odd locations are giving a fresh new spin to the art of afternoon tea. By Jaime Ee By Jaime Ee jaime@sph.com.sg Chris’ Tea House 359 Upper Paya Lebar Road Z 6502-3063
        HAUS PHOTOS BY YEN MENG JIIN; ALL OTHER PHOTOS BY ARTHUR LEE; FILE PHOTO  -  2,465 words
    • JAPAN AID
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        Lock icon Rooting for Japan
        1178 9  -  Outlets and eateries here do their bit to help raise funds for Japan’s tsunami survivors. By Melissa Lwee mellwee@sph.com.sg SHOPPING Parco and the Textile and Fashion Federation of Singapore (TaFF) have joined hands to raise funds by having a special three-day sale which will take place at
        PHOTOS: WWW.CHRISYAPPHOTOGRAPHY.COM, FAIRMONT SINGAPORE; PARCO NEXT NEXT  -  1,178 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Vertical verve
        2002 10 / 11  -  VerticalverveA new breed of propertydeveloper is creating A property developer is creating vertical lifestyle hubs out of an abandoned warehouse, a defunct hotel and an empty school, throwing up eclectic enclaves for speciality outlets. By Audrey Phoon By Audrey Phoon aphoon@ph.com.sg TURE Kallang 66 Kampong Bugis turekallang.tumblr.com REMEMBER
        PHOTO OF PETITE PAPILLON PLAYHOUSE: YEN MENG JIIN; PHOTO OF 36/38 ARMENIAN STREET: YEN MENG JIIN; PHOTOS OF 51 WATERLOO STREET/222 QUEEN STREET/PRIVATE MUSEUM: YEN MING JIIN  -  2,002 words
    • HOME & GARDEN
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        Lock icon Family matters
        1476 12 / 13  -  Jeweller Sara Taseer, who hails from a high-profile political family in Pakistan, talks about home, family and living in Singapore. By Clarissa Tan personal space Singapore.By Clarissa Tan btnews@sph.com.sg ‘OUR biggest problem,’ says Salman Shoaib wryly, as we make our way down the stairs to the large living
        PHOTOS EXCEPT JEWELLERY BY JOHN HENG  -  1,476 words
    • DESIGN
      • Article, Illustration
        Lock icon Feeling at home
        1001 14  -  Kelly Hoppen’s highly approachable design style promises to transform a house into a home. By Geoffrey Eu home.By Geoffrey Eu btnews@sph.com.sg WITHadesignschool,sev-en books (and counting),an iPhone application, an MBE from Her Majesty the Queen and a client list that reads likeawho’swhoofinternational celebrities, Kelly Hoppen is well on
        1,001 words
    • HEALTH
      • Article, Illustration
        Lock icon A variation on varicose veins
        855 15  -  There are treatments available for the problem with little downtime and no need for surgery. By Teo Ngee MANY patients are distressed by the prominence of veins or dark pigmentation on their legs. This is particularly so in sunny Singapore, where beachwear and shorts are
        855 words
    • SPORT
      • Article, Illustration
        Lock icon Athletes spearhead donations
        582 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor FROM David Beckham to Maria Sharapova, the US Major League Baseball to Singapore’s own S-League, the pledges for help came fast and furious from all corners of the sporting world. In the wake of the earthquake and tsunami
        FILC PHOTO  -  582 words
      • Article, Illustration
        Lock icon Money can buy success but no guarantees
        724 16  -  kick off with Andrew Leci Andrew Leci CHELSEA did it, and now Manchester City is trying to do it. Real Madrid succeeded in doing it before but recently it failed. In the 1950s in England, Sunderland did everything they could to do it,
        724 words
    • GOLF
      • Article, Illustration
        Lock icon Not yet over the hill
        1261 17  -  Being over 50 isn’t a setback, rather it’s a gain as these experienced golfers show. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Sandy Lyle shot a flawless final-round 70 at the recent inaugural ISPS Handa Senior World Championship in Mission Hills, Shenzhen, it was
        PHOTOS: AP, AFP  -  1,261 words
    • MOTORING
      • Article, Illustration
        Lock icon GTS POWER
        495 18  -  Meet the latest addition to Porsche’s 911 family the Carrera GTS. By Samuel Ee samuelee@sph.com.sg NEVER mind that there is already a mind-boggling range of Porsche 911 variants; now there’s one more the Carrera GTS. Available in both coupé and cabriolet bodystyles, the Porsche 911 Carrera GTS is
        495 words
      • Article, Illustration
        Lock icon A1 feather in Audi’s cap
        776 19  -  Audi’s A1 demonstrates luxury and sophistication can still be enjoyed in a compact package. By Samuel Ee By Samuel Ee samuelee@sph.com.sg A1 IN everyday usage usually means the best or the finest, as in “an A1 decision”. A1 in Audi nomenclature, on the other hand,
        776 words
      • Article, Illustration
        Lock icon Bigger and better
        631 20  -  The second-generation BMW X3 has undergone a few important improvements. By Samuel Ee samuelee@sph.com.sg IT MAY be a bit cliched but it seems only two words will suffice when describing the new BMW X3 bigger and better. When the compact crossover from Munich was originally introduced seven
        631 words
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      787 8 wine&dine with BTWeekend Mandarin Court Level 35, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Mandarin Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in Executive Chinese Chef Sunny Kong’s signature dishes such as Classic Peking Duck,
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