The Business Times, 26 March 2011

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Microfilm: NL31287
Total Pages: 46
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 26 -27, 2011 S$1.00 MICA (P) 139/08/2010
    13 words
  • Article
    Lock icon High radiation leak adds to panic
    44 1 japan aftershocks EVENTS in Japan took a turn for the worse yesterday when a high-level radiation leak was detected at a Fukushima reactor and the government “encouraged” people within 20-30 km of it to leave the area. 2
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  • Article
    Lock icon Demand high, packages costlier
    37 1 travel TOUR packages are 5 to 10 per cent costlier this year, but there are still plenty of takers. The price increase is a result of higher airfares and pricier land tours. 4
    37 words
  • Article
    Lock icon Sing dollar hits high notes
    35 1 currencies THE Singapore dollar strengthened against the greenback breaching the 1.26 mark at one point as risk appetite returned and speculation of further monetary tightening in the region continued. 6
    35 words
  • Article
    Lock icon Saleh ready to cede power
    43 1 mideast turmoil PRESIDENT Ali Abdullah Saleh said he was ready to cede power to prevent more bloodshed in Yemen but only to what he called “safe hands” as a massive “Day of Departure” protest against him began. 18
    43 words
  • Article, Illustration
    Lock icon After Seagate, it is now eSys versus nTan
    1349 1  -  IT components distributor in legal battle with its adviser over professional fees By Michelle Quah michquah@sph.com.sg Singapore THE highly publicised fallout of eSys Technologies with Seagate in 2006 has taken a new twist. The IT components distributor is now suing the adviser
    FILE PHOTOS  -  1,349 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon High radiation leak adds to Japan panic
      958 2  -  People living within 20-30 km of Fukushima nuclear plant asked to leave voluntarily By Anthony Rowley btworld@sph.com.sg Tokyo EVENTS in a crisis-hit Japan took a turn for the worse yesterday when a high-level radiation leak was detected at one of six troubled reactors
      REUTERS  -  958 words
    • Article
      Lock icon MARKETS
      140 2 G STI 3,070.84 (+27.81) G STI FUTURES 3,071 (+28) G SIMSCI 362.94 (+2.93) G SIMSCI FUTURES 364.20 (+3.50) STOCKS Friday Change KL COMP 1,515.55 +1.71 NIKKEI 225 9,536.13 +101.12 HANG SENG 23,158.67 +243.39 SET 1,037.73 +3.34 JAKARTA 3,607.11 -4.53 MANILA 3,875.81 +34.27 KOSPI 2,054.04 +17.26 SHENZHEN B 832.16 -0.19
      140 words
    • Article, Illustration
      Lock icon Globetrotting S'poreans undeterred by costlier packages
      785 4  -  Higher airfares and pricier land tours are pushing up prices By Linette Lim llinette@sph.com.sg Tan Shihao Sean seantan@sph.com.sg Singapore TOUR packages are 5 to 10 per cent costlier this year, but there are still plenty of takers. Travel agencies such as Nam Ho Travel
      BLOOMBERG  -  785 words
    • Article
      Lock icon Not business as usual for tours to the Middle East
      327 4  -  By Tan Shihao Sean seantan@sph.com.sg Singapore THE psychological impact of the recent Middle East unrest will take some time to weaken, according to senior vice-president of marketing and public relations of Commonwealth Travel, Alicia Seah. This comes as no surprise,
      327 words
    • Article
      Lock icon MBS denied immediate recovery of gambling debt
      604 5  -  Defendant given conditional leave to fight case By Grace Leong gleong@sph.com.sg Singapore THE first-ever gambling debt collection lawsuit filed by Marina Bay Sands, against Singaporean Lester Ong Boon Lin, may be headed for trial after the casino was denied immediate recovery of the
      604 words
    • Article, Illustration
      Lock icon Sing dollar hits high notes against US$
      453 6  -  Higher risk appetite and inflation behind rate swing By Emilyn Yap emilyny@sph.com.sg Singapore THE Singapore dollar strengthened against the greenback yesterday breaching the 1.26 mark at one point as risk appetite returned and speculation of further monetary tightening in the region continued. One
      REUTERS  -  453 words
    • Article
      Lock icon Keeping the lights out past 60 minutes
      697 7  -  Firms heed the call to extend green initiatives beyond today’s Earth Hour By Jermaine Ng ngshjer@sph.com.sg Hoon Yi Shyuan yshoon@sph.com.sg Singapore AT 8.30 PM today, do not be alarmed if you find yourself in the dark, as lights around the world will be
      697 words
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      65 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-13 From The Desk Of 14 Singapore 15-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-33 Money Sense 30-31 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-4 Weekend With L5 Wellness
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  • Page 3 Advertisements
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      298 3 SOPHISTICATED SOHOs Imaginatively innovative with an edgy luxury, the 76 limited edition, freehold residences in The Cape are designed to meet the needs of the most sophisticated homeowners, Experience a sleek, stylish SOHO lifestyle with exceptional floor to ceiling heights of 3.4m, top of the line finishes and fittings, and
      298 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      181 5 30 MARCH TO 3 APRIL 2011 THE LEGENDARY DESIGNER, CREATIVE DIRECTOR OF BILLION DOLLAR EMPIRE CHANEL AND LAUDED PHOTOGRAPHER IS ABOUT TO UNVEIL HIS LATEST PHOTOGRAPHIC KARL LAGERFELD THE MAN BEHIND THE FASHION BEHIND THE CAMERA KARL LAGERFELD IN A TOUR THAT WILL SPAN THE GLOBE. SEE THIS EXCLUSIVE COLLECTION
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      125 7 CALCULATING the ROI of anMBA Return on Investment is an important concept for managers, especially when the project demands time, money and effort. So, how would you calculate the ROI of an MBA? Where would you start? How will you measure the values return on that investment. Find out the
      125 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon A matter of common sense
      2449 8/9  -  MIT’s Franco Modigliani Professor of Financial Economics Stephen A Ross gives his take on understanding the 2008 financial crisis. By Genevieve Cua By Genevieve Cua gen@sph.com.sg PROFESSOR and finance professional Stephen A Ross has little patience for the blame game that ensues when the topic
      LIONEL LIN  -  2,449 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK March 21-25, 2011
      • Article, Illustration
        Lock icon US, allies establish no-fly zone over Libya
        70 10 US and allied forces have established a no-fly zone over Libya and stopped an offensive by Muammar Gaddafi’s forces. Air strikes on Saturday “took out” Col Gaddafi’s air defences and hit Libyan airfields while Western forces established combat air patrols over the rebel
        REUTERS  -  70 words
      • Article
        Lock icon Local banks beat foreign peers on bonus payouts
        69 10 LOCAL banks are said to be paying much higher bonuses than foreign banks as high as 30 months’ salary after posting record profits for 2010. Headhunters say that they have been getting a lot more calls from envious bankers at international banks
        69 words
      • Article
        Lock icon Index of fear rises with strikes on Libya
        59 10 COMMODITIES rose yesterday as air strikes on embattled Libya struck further fear into investors’ hearts, while Japan continued to battle its nuclear crisis. Brent crude for May gained US$1.93 to US$115.86 a barrel in the evening, on concerns that Libya’s oil output
        59 words
      • Article
        Lock icon SGX shares jump after scare over ASX deal
        48 10 SINGAPORE Exchange shares closed 29 cents or 3.96 per cent higher on Monday, after media reports over the weekend said that the Australian government was expected to reject the proposed mer- ger between SGX and the Australian Securities Exchange (ASX).
        48 words
      • Article
        Lock icon PAP to field over 20 new candidates at next election
        69 10 THE ruling People’s Action Party will field more than 20 new candidates at the upcoming general election, with the majority of them aged 40 or younger, said Deputy Prime Minister Teo Chee Hean on Monday. Half of the fresh faces
        69 words
      • Article
        Lock icon Oil trade sizzles with flood of hot money
        43 10 EXTREMELY volatile oil markets with prices going on a rollercoaster ride on day-to-day developments in quake-hit Japan and war-tornLibya–have seen speculative “hot money” flooding into the commodity in Singapore, London and New York, traders said.
        43 words
      • Article
        Lock icon Sharper definition gives more SMEs the support to shine
        69 10 LOCAL companies have lauded the new definition of small and medium enterprises, which will see 700 more SMEs having access to government incentives. Instead of different parameters for manufacturing and services sectors, companies just need to satisfy one of two new
        69 words
      • Article
        Lock icon Tight fit as homebuyers think small
        48 10 THE last two sets of government measures to cool the property market may have pushed more homebuyers to opt for smaller and cheaper private homes, new research shows. Analysts attributed the trend to the tighter loan-to-val-ue ratio for buyers with existing mortgages.
        48 words
      • Article
        Lock icon SGX sends S-chips reminder, raises legal reps issue
        68 10 AMID rising concerns over recent accounting issues at S-chips, the Singapore Exchange has sent out reminders to audit committees (ACs) to implement proper controls to safeguard cash and other assets. It has also asked the ACs and directors of listed companies to
        68 words
      • Article
        Lock icon Shippers hit panic button as terror on the seas rises
        50 10 THE Asian voice against Somalian pirates has just got louder with the biggest regional group of freight owners even suggesting that the known leaders of the pirates be taken out, just as terrorist masterminds have been picked out and eliminated.
        50 words
      • Article
        Lock icon Yet another S-chip bites audit dust
        22 10 Accounting irregularities have surfaced at China Gaoxian, confirming investors’ fears over what triggered its trading halt.
        22 words
      • Article
        Lock icon Jayakumar, Abdullah Tarmugi to say goodbye to Parliament
        45 10 SENIOR Minister S Jayakumar and Speaker of Parliament Abdullah Tarmugi the two most senior Members of Parliament in East Coast Group Representation Constituency said on Thursday that they would step down once their current term is up.
        45 words
    • Article
      Lock icon NEXT WEEK Mar 28-Apr 1,`11
      87 10 US DATA March 28 Feb personal income and home sales index March 29 March consumer confidence March 31 Feb factory orders April 1 March unemployment rate March ISM manufacturing index SINGAPORE DATA March 29 Feb producer and international trade price indices EVENTS March 29 Bali
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      310 10 CRYPTIC CROSSWORD Across 1 More than enough to make a graduate dissolute (8) 6 Made some copies and hastened away (3,3) 9 Turkish leader about to conclude business (6) 10 Drive from A to B with mini, erratically (8) 11 Soldiers roar and sing wildly (8) 12 Girl’s pen had
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      14 10 SATURDAY with Ludwig ‘She’s got another great excuse not to eat her vegetables radiation...’
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  • COMPANIES
    • Article
      Lock icon Scorpio East suspends trading, appoints special auditors
      449 11  -  Probe into certain transactions and balances By Mindy Tan tanmindy@sph.com.sg Singapore SCORPIO East Holdings yesterday converted its share trading halt into a suspension and appointed Stone Forest Corporate Advisory as its special auditors after its audit committee was informed that several material contracts
      449 words
    • Article
      Lock icon Asia Silk plans to acquire Chaswood in RTO deal
      267 11  -  By Kelly Tay kellytay@sph.com.sg Singapore SILK yarn and fabric company Asia Silk Holdings has unveiled planstoacquire Malaysia’s Chaswood Resources Sdn Bhd in a RM150 million (S$62.6 million) reverse takeover deal. Chaswood, an investment holding company, is described as “one of the
      267 words
    • Article
      Lock icon Hongwei picks veteran as contract CEO
      221 11  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore HONGWEI Technologies has appointed a corporate veteran with extensive China experience as a contract CEO. Former chief executive of Singapore-based China Enersave, Koo Ah Seang, who used to be the legal representative of China Enersave’s Chinese subsidiaries, will take
      221 words
    • Article
      Lock icon Cosco to build US$1.05b rigs for Sevan
      350 12  -  But deal is dependent on Sevan unit’s IPO in Oslo By Lynn Kan lynnkan@sph.com.sg Singapore COSCO Corporation’s Nantong shipyard has signed a letter of intent (LOI) with a unit of oilfield services company Sevan Marine to build two turnkey ultra deep water (UDW)
      350 words
    • Article
      Lock icon SIAS says Spice acting in minority’s interests
      353 12  -  By Felda Chay feldac@sph.com.sg Singapore THE Securities Investors Association Singapore (SIAS) has thrown its weight behind Spice i2i’s controversial plan to acquire Indonesian handset distributor Affinity Group for US$175 million, saying afterameeting withSpice’s management team that the company is acting in the interests
      353 words
    • Article
      Lock icon Super, Petra to sell instant coffee in Indonesia
      344 12  -  By Maxie Aw Yeong maxieay@sph.com.sg Singapore SUPER Group and Petra Foods have formed a joint-venture company, Ceres Super, to market and distribute instant 3-in-1 coffeemix products and other convenience beverages in Indonesia. Petra Foods, a manufacturer and supplier of cocoa ingredients with
      344 words
    • Article, Illustration
      Lock icon MapletreeLog buys 7.3b yen property in Hiroshima
      364 12  -  By Emilyn Yap emilyny@sph.com.sg Singapore MAPLETREE Logistics Trust (MapletreeLog) is forking out 7.3 billion yen (S$114.2 million) for a property in Hiroshima, Japan. The industrial real estate investment trust continues to see Japan as an important market, despite natural disasters which hit the
      364 words
    • Article, Illustration
      Lock icon Tokyo rebound, Wall St resilience shore up STI
      556 13  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent AS THE Japanese stock market stabilised so did Singapore stocks, with the Straits Times Index (STI) rising for the whole of this trading week and gaining 135 points or 4.6 per cent along the way at
      556 words
    • Article
      Lock icon TOP 20 ACTIVES
      112 13 VOL CLOSE HPHTrust US$ 175,248 98 0.0 0.0 GentingSP 69,548 204 3.0 1.5 Dyna-Mac 47,924 49.5 1.5 3.1 GoldenAgri 46,657 69 0.5 0.7 TranscuGrp 46,152 6.5 0.0 0.0 *GentingHK US$ 36,386 42 0.0 0.0 Seroja 26,348 29.5 2.5 9.3 Yangzijiang 24,156 182 4.0 2.2 BakerTech 22,685 40
      112 words
    • Article
      Lock icon STI STOCKS
      109 13 Stock name Close Change CapMallsAsia 1.770 +0.050 CapitaLand 3.330 +0.030 CapitaMall 1.880 CityDev 11.720 +0.340 ComfortDelGro 1.510 +0.010 DBS Grp 14.320 +0.080 F&N 5.720 +0.160 GLP 1.810 Genting SP 2.040 +0.030 Golden Agri 0.690 +0.005 HK Land 7.200 +0.250 JMH 44.140 +0.020 JSH 26.760 +0.320 Jardine C&C 36.880
      109 words
    • Business briefing
      • Article
        Lock icon United Fiber unit wins $102.88m HDB contract
        52 13 UNITED Fiber System’s wholly owned subsidiary, Poh Lian Construction, has been awarded a public housing development project worth $102.88 million by the HDB. The contract period is 35 months commenc- ing from April 13. The group’s order book, including this project, is about
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      • Article
        Lock icon PEC buys remaining 20% of subsidiary Audex
        49 13 PEC Ltd is buying the remain- ing 20 per cent stake in its subsidiary Audex for $11.30 million in cash and shares. Full ownership of Audex will enable the group to allocate resources more efficiently. Audex provides engineering, procurement and construction services.
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    • Article
      Lock icon TOP GAINERS
      59 13 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 364.1 2.3 IS S&P500 ***** 248.2 1.5 DBXT MSKorea 10US$ 5967 158.7 2.2 DBXT SPASX200 10US$ 3526 84.4 1.9 Jardine C&C 3688 78.0 2.2 DBXT MSAsExJp 10US$ 3305 45.4 1.1 JSH 2676 40.3 1.2 CityDev 1172 34.0 3.0 DBXT FTChina25
      59 words
    • Article
      Lock icon TOP LOSERS
      63 13 BY CENTS CLOSEDOWN GLD 10US$ ***** -163.8 -0.9 DBXT S&P Short 10US$ 4280 -70.6 -1.3 DBS Bk 4.7% NCPS 100 ***** -30.0 -0.3 DBXT FTVietnam 10US$ 3188 -15.1 -0.4 AnwellTech 23.5 -11.5 -32.9 Transpac W*****1 101 -10.0 -9.0 UOB 5.05%NCPS 100 ***** -10.0 -0.1 DBS MBL ePW*****1 29.5
      63 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      274 11 Singapore Medical Specialists Centre One Day One Stop One Centre Prevent Heart Attacks, Stroke and Cancers Do you have chest pain or breathlessness? Do you have loss of appetite or decrease in weight? Do you have headaches, weakness or dizziness? Do any of your family members have heart disease, stroke
      274 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      56 13 SOFT OPENING FROM 26 MARCH 2011 A BRAND NEW EXPERIENCE IN THE HEART OF THE CITY. Call 03 2141 3333 or log on to www.swissgarden.com Swiss-Garden Residences is at no. 2A Jalan Galloway, (behind Swiss-Garden Hotel Kuala Lumpur] Off Bukit Bintang, ***** Kuala Lumpur, Malaysia 'Terms a Conditions apply SWlU-GRRDEH
      56 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon How family-owned firms can keep going
      966 14  -  Despite having qualities that give them an edge, they also face unique challenges from the desk of Lionel Soh Director, South-east Asia Actis THE business leaders of our postcrisis world find themselves operating in a radically different climate. The crisis revealed a preoccupation with
      NOEL YEO, NUDGE PHOTOGRAPHY  -  966 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon No coal supply issues, says Tuas Power
      593 15  -  By Ronnie Lim ronnie@sph.com.sg AS Asian markets brace themselves for increased coal demand, Tuas Power (TP) said yesterday that it has no supply issues, having already secured all the coal it needs from Indonesian mines under 15-year long-term deals. “We have no supply
      REUTERS FILE PHOTO  -  593 words
    • Article
      Lock icon Manufacturing output dips 2% on month in Feb
      352 15  -  The slowdown may have been influenced by the timing of Chinese New Year early that month, economists say By Lynn Kan lynnkan@sph.com.sg MANUFACTURING output in February grew 4.8 per cent year-on-year, well below economists’ consensus estimate of 6.2 per cent. Data supplied
      352 words
    • Article
      Lock icon 400 delegates in town for TPP talks
      240 15  -  Aim is to reach an outcome before Apec meeting in November By Chuang Peck Ming peckming@sph.com.sg SOME 400 delegates from nine countries, including the United States, will hole up in Singapore in the next five days to step up the pace of putting
      240 words
    • Article, Illustration
      Lock icon Spring Seeds Capital will focus more on emerging sectors
      548 16  -  It will explore programmes for nascent industries such as biomedical sciences and agriculture technology By Chen Huifen xuifen@sph.com.sg WITH the improving funding landscape and the establishment of other government support schemes, Spring Seeds Capital will be adjusting its focus to put
      FILE PHOTO  -  548 words
    • Article
      Lock icon McDonald’s to raise productivity, pay
      244 16  -  By Hoon Yi Shyuan yshoon@sph.com.sg MCDONALD’S Singapore has embarked on initiatives to raise productivity, and is sharing the gains with its workers through a monthly pay increase of almost 20 per cent. Over 110 McDonald’s restaurants in Singapore are employing new technologies and equipment to
      244 words
    • Article
      Lock icon Citizenship programme to start by end-March
      312 16  -  By Linette Lim llinette@sph.com.sg CONCLUDING a one-year pilot phase, the National Population and Talent Division (NPTD) announced that the Singapore Citizenship Journey programme will be fully rolled out by the end of this month. The programme compulsory for citizenship applicants between the ages of
      312 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      237 15 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TATO PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****6489R) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 23 March
      237 words
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      Lock icon Page 15 Advertisements Column 2
      159 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF KYOEI SUPPLY (SINGAPORE) PTE LTD Company Regn No *****3571G (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before 26 APRIL
      159 words
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  • WORLD
    • Article
      Lock icon BHP unveils US$9.5b expansion plan for iron, coal-mining ops
      417 17 Investments to cover Pilbara and Bowen Basin and Hunter Valley projects Reuters Melbourne BHP Billiton has approved US$9.5 billion of capital investment to expand its Australian iron ore and coal-mining operations, showing that planned mining and carbon taxes are not crimping
      Reuters  -  417 words
    • Article
      Lock icon Mongolia’s coal IPO likely at year-end or Q1 2012
      382 17 Reuters Hong Kong THE highly anticipated initial public offering (IPO) by Mongolia’s Erdenes-Tavan Tolgoi will take place at the end of 2011 or the first quarter of 2012, a top Mongolian government official said yesterday, while a South Korean consortium has
      Reuters  -  382 words
    • Article
      Lock icon US beats estimate with 3.1% Q4 growth
      434 18 latest us data Reuters Washington THE US economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3 per cent, a government report showed yesterday.
      Reuters  -  434 words
    • Article, Illustration
      Lock icon Saleh ready to cede power to ‘safe hands’
      418 18 Reuters AFP Sanaa EMBATTLED President Ali Abdullah Saleh yesterday said that he was ready to cede power to prevent more bloodshed in Yemen but only to what he called “safe hands” as a massive “Day of Departure” street protest against him began.
      Reuters; AFP; REUTERS  -  418 words
    • Article
      Lock icon New SocGen Private Banking regional head
      494 18  -  By Malminderjit Singh msingh@sph.com.sg Brisbane SOCIETE Generale Private Banking has appointed Olivier Gougeon as chief executive officer for Asia Pacific, for Singapore, Hong Kong and China. His appointment comes as part of the bank’s plan to strengthen its management in Asia, a move designed
      494 words
    • Article, Illustration
      Lock icon Setback for BP as its US$7.8b Rosneft deal is blocked
      489 19 Arbitration tribunal halts agreement after legal challenge by BP’s Russian partners Bloomberg Moscow BP plc’s proposed US$7.8 billion share swap and Arctic exploration deal with OAO Rosneft was thrown out by an arbitration tribunal after a legal challenge by its
      Bloomberg  -  489 words
    • Article, Illustration
      Lock icon Malaysian inflation quickens to 22-month high
      322 19 Bloomberg Kuala Lumpur MALAYSIA’S inflation accelerated to a 22-month high, putting pressure on the central bank to resume raising interest rates. Consumer prices rose 2.9 per cent in February from a year earlier, according to a report by the statistics department yesterday. Malaysia’sinflationissettoaccelerate and
      Bloomberg; AFP  -  322 words
    • Article
      Lock icon Buyer of AIG’s Taiwan unit to try to meet demands of regulator
      359 19 Reuters Taipei THE buyer group of AIG’s Taiwan Nan Shan Life unit will “figure out” ways to meet requests made by regulators for approval of the US$2.16 billion deal, and will get the additional required paperwork ready in
      Reuters  -  359 words
    • Article
      Lock icon Budget cuts shorten America’s foreign reach
      521 20 One consequence will be a weaker response to the growing China influence in developing markets AP Washington US efforts to counter China’s growing influence in the developing world are a likely casualty of the budget battles dominating Washington’s politics, as chunks of the foreign
      AP  -  521 words
    • Article
      Lock icon Smaller than expected fall in German business confidence
      221 20 Bloomberg Frankfurt GERMAN business confidence fell less than economists forecast in March, suggesting Japan’s earthquake and higher borrowing costs may not dampen growth in Europe’s largest economy. The Munich-based Ifo institute said its business climate index, based on a survey of 7,000
      Bloomberg  -  221 words
    • Article, Illustration
      Lock icon Long queues as iPad 2 goes on sale in Australia, NZ
      304 20 Bloomberg Sydney APPLE Inc began selling its iPad 2 to queues of consumers in Australia and New Zealand yesterday, as part of a release in 25 countries including the UK, France, Switzerland and Germany, as the company tries to
      Bloomberg; AFP  -  304 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      1793 17 ZAGRO ASIA LIMITED Registration No. *****6784D (Incorporated in the Republic of Singapore) (the Company) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Sixteenth Annual General Meeting of the Company will be held at Zagro Global Hub, 5 Woodlands Terrace #06-00, Singapore *****0, on Friday, the 29th day
      1,793 words
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  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      119 20 positions and seven hundred more in CATS Recruit Executive CaretoHeal SingHealth, Singapore’s largest healthcare group, a place that inspires the best in everyone, is looking for a Manager,PatientRelations OurInspiration Citibank believes in inspiring you to reach your full potential, and invites dynamic individuals to join them as Regional Physical SecurityTechnologyManagers
      119 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10261 24 Transaction date: Mar 25 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 16.5 -0.5 45 17 16.5 16.5 18 7.8 3.7 3.5 79 12 4.5 A-Sonic 7 +0.5 1500 7
      10,261 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 2 0 0 0 9 5 2 Manufacturing 71 34 72 7 4 14 78 38 86 Commerce 31 7 22 3 3 4 34 10 26 Tpt/Stor/Comms 21 7 14
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      825 24 For week beginning Mar 21 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) Marco Polo Marine 24-Mar-11 Nautical Intl Hldgs Buy 650 na *****4 55.40 *****4 55.59 Marco Polo Marine
      825 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,604 25,604 66,479 66,479 Manufacturing 262,329 11,456 273,785 249,988 662 250,650 Commerce 82,810 5,763 88,573 104,758 1,475 106,233 Tpt/Stor/Comms 320,402 3,078 323,480 419,064 895 419,960 Finance 20,274 20,274 162,313 162,313 Construction 12,697 331 13,028 4,192
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Mar 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.329 1.254 Can dollar 1.315 1.265 Euro 1.821 1.751 Sterling pound 2.069 1.99 NZ dollar 0.972 0.926 US dollar 1.28 1.231 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      91 25 YTD change: -3.74% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +0.54% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg YTD change:+5.12% 52-week high: 12,391.20 on Feb 18,2011 52-week low: 9,614.32 on July 2,2010
      Source: Bloomberg  -  91 words
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      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 24 Index Change Change Change Change Change Change World Index Preliminary 914.5 0.7 1.9 0.4 1.7 0.9 3.4 ‡EAFE Preliminary 795.8 0.8 -0.6 0.6 0.7 1.0 2.4 Europe Preliminary 1181.9 1.4
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      Lock icon INTERBANK CURRENCY RATES
      154 25 Mar 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2900 1.2914 1.0240 1.0243 Canadian dollar 1.2912 1.2929 1.0249 1.0254 Euro 1.7855 1.7872 1.4173 1.4175 NZ dollar 0.9477 0.9490 0.7523 0.7527 Sterling pound 2.0316 2.0338 1.6126 1.6131
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      Lock icon LIFFE
      81 25 Mar 24 COCOA (£/tonne) Close Prev High/Low May 11 2074 2089 2084/2044 Jul 11 2074 2089 2082/2043 Sep 11 2073 2089 2082/2041 Dec 11 2076 2096 2087/2050 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2505 unch May 11 2569 2538 2576/2498 Jul 11 2426 2401 2430/2363 Sep 11 2439
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      Lock icon PALM OIL
      67 25 Mar 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3360 3320 3360 3283 67 2606 May 11 3320 3288 3345 3245 3302 ***** Jun 11 3295 3261 3324 3219 ***** ***** Jul 11 3280 3247
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      Lock icon CHICAGO BOT
      93 25 Mar 24 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 11 1354.*****1.*****8.*****8.00 Jul 11 1364.*****1.*****7.*****8.25 Aug 11 1362.*****7.*****3.*****7.50 Sep 11 1352.*****5.*****3.*****7.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 11 56.12 55.48 56.15 54.87 Jul 11 56.70 56.05 56.70 55.45 Aug 11 56.90 56.25 56.72
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      Lock icon OIL
      75 25 Mar 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 115.81 -0.23 WTI (Near Mth) 105.16 -0.01 Dubai (1-Mth F) 109.36 -0.51 Tapis blend 120.50 -0.50 Minas 118.20 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.67 -0.44 Jet Kerosene 133.45 -0.75 US$/barrel Opec Oil Basket Price
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      Lock icon LONDON METALS
      71 25 Mar 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2600.75 2601.75 3 months 2630.00 2631.00 Copper, Grade A (US$/tonne) Cash 9704.75 9718.50 3 months 9715.00 9727.00 Lead (US$/tonne) Cash 2720.50 2742.50 3 months 2690.00 2716.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      67 25 Mar 25 GOLD (US$/oz) Mar 24 Mar 25 Hong Kong 1439.*****3.50 Mar 23 Mar 24 London 1438.*****5.40 1439.*****6.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.07 46.85 Source: UOB PLATINUM Lon (US$/oz) Mar 24 Close Previous PM Fix 1753.*****4.00 AM Fix 1744.*****1.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
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      Lock icon City of London back with a bang
      2187 26  -  After being blighted by the financial crisis of 2008, the world’s top financial centre is seeing its profits swell again. By Vikram Khanna By Vikram Khanna ‘IT’S definitely not the food and it’s definitely not the weather,” says hedge fund manager Pierre Legrange
      PHOTO: REUTERS  -  2,187 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Looking beyond the Japan crisis
        943 28 / 29  -  Just days after the quake and tsunami, US investors poured US$1.2b into Japanese equity ETFs in the biggest weekly inflow on record. By Graham Bowley By Graham Bowley NYT SOME investors may be already shrugging off Japan’s crisis. Even as the aftershocks from the earthquake
        NYT; AFP  -  943 words
      • BROKERS’ TAKE
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          Lock icon Singapore construction sector
          330 28 / 29 DBS Vickers March 25 ACCORDING to Building Construction Authority (BCA) statistics, construction demand rose by 14 per cent y-o-y to $25.7 billion in 2010. The BCA expects the demand to range between $22 billion and $28 billion in 2011, which is higher than its previous forecast range
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          Lock icon Q&M Dental Group
          425 28 / 29  -  Buy CIMB March 25 Close: $0.63 Compiled by Lynette Khoo BY the end of 2010, Q&M Dental Group’s nationwide network had grown to 40 dental clinics and two dental centres, compared to 37 clinics and one dental centre at the end of 2009. One question that we
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        Lock icon The tipping point for global growth
        1097 32  -  At what level will the surge in oil prices create a problem for the world’s economic prospects? Shane Oliver AMP Capital Investors ~The writer is chief economist and head of investment strategy, AMP Capital Investors AFTER a dip last week on the back of
        Source:Thomson Financial, AMPCapital Investors; PHOTO: REUTERS; Source: Bloomberg, AMP Capital Investors  -  1,097 words
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        Lock icon Version 2.0: A kinder brand of capitalism
        1494 33  -  The system on the whole has worked well, and there’re reasons to be hopeful for a better future show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder AFTERwatchingRSA Animate’s clip on The Crisis of Capitalism, I
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    • SMART MONEY
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        Lock icon U nderstanding structured products
        2116 30 / 31  -  They offer the prospect of more attractive returns than plain vanilla fixed deposits, but there are risks to consider. By Genevieve Cua By Genevieve Cua THE prospect of a return or interest rate much greater than vanilla deposit rates sounds enticing. Structured deposits and notes are
        STOCK.XCHNG  -  2,116 words
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        Lock icon Are they suitable for you?
        745 30 / 31 STRUCTURED products earned a bad name in 2008 with the failure of products linked to Lehman Brothers. But banks continue to sell them, and they find a market among retail and sophisticated investors. Are structured deposits and notes includingdualcurrencyinvestments –suitable for you? Ideally you should
        AFP  -  745 words
    • WEALTH REAL ESTATE
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      27 30 / 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg
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      123 36 M iUDEMARSPlGUET Le maitre de I'horlogerie depuis 1875 JULES AUDEMARS EXTRA-THIN J* vn o •ti-t r m V V( m o A.sS The new Jutes Audemars Extra-thin watch is equipped with the famous 2120 movement measuring just 2.45 millimetres thick. Developed by the Manufacture Audemars Piguet in 1967, this calibre
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      55 1 LivingTHEBUSINESSTIMESWEEKEND|MARCH26-*****1BTTHE BUSINESS TIMES WEEKEND MARCH 26-27 2011 WELLNESS Cleansing body soul L6-7 TERRITORY MARKERS Country-specific establishments join the F&B scene L2-4 TRAVEL A test of body and mind L10-11 GADGETS Health boosters L15 STYLE Flatties back in vogue L14 OLIVIER SALAD. PHOTO: BUYAN BEAUTY Homing in on beauty L8-9 MOTORING
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  • BT Living
    • DINING
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        Lock icon Territory markers
        2556 2/3  -  Territorymarkersitems or uniue food concets that are Establishments featuring speciality items or unique food concepts that are readily identifiable by their country or region of origin are currently in vogue. BT Weekend checks out some recent additions to the F&B scene. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg
        THE CIDER PIT PHOTOS BY YEN MENG JIIN; JIBIRU PHOTOS BY ARTHUR LEE  -  2,556 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Second skeinCrocheting
        872 5  -  skeinCrocheting comes easy to business development manager Sanae Inada Wallwork, who finds the activity very therapeutic.By weekend with therapeutic.By Audrey Phoon aphoon@sph.com.sg sanae inada wallwork crocheter BACK when she was still living in Japan, business development manager Sanae Inada Wallwork’s home was a magnet for neighbours who wanted
        YEN MENG JIIN  -  872 words
    • HEALTH
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        Lock icon Cleansing body & soul
        1974 6 / 7  - Cleansing body soul our life for the better could Changing your life for the better could take as little as one weekend. Melissa Lwee checks out some workshops offering healthy living options Melissa Lwee mellwee@sph.com.sg Raw Food Lifestyles www.rawfoodlifestyles.com info@rawfoodlifestyles.com THERE are people in Singapore who are sceptical enough about
        1,974 words
    • BEAUTY
      • Article, Illustration
        Lock icon Homing in on beauty
        925 8 / 9  -  More Singaporeans are ditching dodgy salon packages and shelling out for DIY gizmos that actually deliver what is promised on the box. By Audrey Phoon aphoon@sph.com.sg AESTHETIC work on the face and body used to be within the purview of cosmetic surgeons and trained medical professionals,
        925 words
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        Lock icon Face up to fix-its
        451 8 / 9  -  Here are nifty devices that hit a home run on affordability and ease of use. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg Tripollar STOP, $550 and Tripollar POSE, $750 If the look of a DIY device were any indication of the results it could produce, the
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    • TRAVEL
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        Lock icon A test of body and mind
        1654 10 / 11  -  The journey to Machu Picchu the lost city of the Incas is not for the faint-hearted. By Courtney Sebesta By Courtney Sebesta NYT FOR many, the journey to Peru’s Machu Picchu is a spiritual one a journey that tests the strength of the mind
        NYT; PHOTOS: STOCK.XCHNG  -  1,654 words
    • READER'S PROMOTION
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        Lock icon Fab finds, great deals at The Cathay
        1787 12 / 13  -  Simply mention ‘The Cathay and BT Reader’s Promotion’ to enjoy attractive offers at these outlets. Compiled by Vanessa Chan BT Promotions Team vanchan@sph.com.sg TheCathayBuildinghasbeenserv-ing movie-goers since 1939. After closing for renovations in 2000, it reopened as a five-storey mall one year ago, offering
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    • STYLE
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        Lock icon Flatties back in vogue
        756 14 In fact, the flat-shoe might be a better complement to this year’s longer, more languid fashion silhouette AP FLAT-HEELED shoes have stepped up their game to emerge as a hot fashion trend for the spring-sum-mer season. The detailed and embellished ballet flats, sandals and peep-toes have
        AP; PHOTOS: REUTERS, AP  -  756 words
    • GADGETS
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        Lock icon Health boosters
        742 15  -  Gadget geekery can make it easier to stick to a healthy lifestyle. By Christopher Lim By Christopher Lim limchris@sph.com.sg Philips AirFryer, $349 Deep-frying without oil might sound counter-intuitive but Philips has finally cracked the formula for a combination of crispiness and healthiness that doesn’t clog your arteries. The
        742 words
    • SPORT
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        Lock icon Good things come to those who wait
        654 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IMAGINE you’re watching the latest thriller flick unfold on TV and, after an excruciating and intense plot build-up,they’re finallyaboutto reveal the true identity of the serial murderer. And then... the commercials abruptly come on
        REUTERS  -  654 words
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        Lock icon On victory celebrations and confidence
        649 16  -  tee off with colette wong Colette Wong THERE has to be something said of victory celebrations in professional sport. I’m not talking about the immediate surge of euphoria that an athlete expresses after winning an event, but rather, the age-old traditions that are performed to
        649 words
    • GOLF
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        Lock icon In China, teeing off is on
        1172 17  -  The inherent possibilities for a nation with a 26-year-old golfing history is simply enormous. By Justine Moss btnews@sph.com.sg WITH the business of golf globally generating annual revenues of over US$300 billion and supporting close to 3.5 million jobs, more than 56 million people playing
        1,172 words
    • MOTORING
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        Lock icon IS DIESEL THE DEAL?
        1477 18/19  -  There is no doubt that modern diesel is cleaner and more efficient than before. But is it preferable to petrol? Samuel Ee drives three diesel models to decide Samuel Ee samuelee@sph.com.sg GERMAN carmakers tout diesel models’ high torque, low consumption and even lower carbon dioxide emissions
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        Lock icon Gentlemen, start your sensationalising
        658 20  -  Formula One drama is set to shift into overdrive as the new season starts in Melbourne. By Samuel Ee f1 watch Melbourne.By Samuel Ee samuelee@sph.com.sg SO will Sebastian Vettel and Red Bull charge through the F1 field to win for the second year in a row?
        PHOTOS: AFP, AP, REUTERS  -  658 words
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      767 6 / 7 wine&dine with BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a
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