The Business Times, 30 March 2011
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2011-03-30
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The Business Times
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Title Section23 2011-03-30 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, March 30,201123 words
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Article, Illustration737 2011-03-30 1 VIKRAM KHANNA - By VIKRAM KHANNA [SINGAPORE] Later today, India will take on Pakistan in the semi-finals of the 2011 cricket World Cup. It will be one of the biggest events in the global cricketing calendar for years not merely a match, but aAP - 737 words
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Article145 2011-03-30 1 H ST INDEX 3,056.95 (-0.43) E ST INDEX FUTURES 3,057 (unch) G SIMSCI 362.28 (+0.69) H SIMSCI FUTURES 361.90 (-0.50) FOREX US$ S$ US$ (S$ per US$) 1.261 (US$/S$ per 1.602 2.020 EURO (US$/S$/E) 1.413 1.783 Foreign currency per US$ S$ YEN 81.70 64.80 RM 3.029 2.401 HK$145 words
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955 2011-03-30 1 LYNETTE KHOO - Have punters shifted stakes to the gaming tables? By LYNETTE KHOO [SINGAPORE] Have market punters migrated to the casinos? That is one question bugging remisiers these days as they lament the dwindling of trading activities. Some insist that this interest has shifted to955 words
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Advertisement10 2011-03-30 1 COMPANIES Minorities fail to block Financial One delisting PAGE 610 words
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Advertisement13 2011-03-30 1 AVIATION AirAsia in venture with online travel firm PAGE 26 8 '*****1 *****413 words
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Advertisement152 2011-03-30 1 TRANSPORT HUB Pirelli’s F1 deal set to reap dividends PAGE 27 EXECUTIVE MONEY Bursting the recovery bubble PAGE 36 the ON PATERSON HILL BEYOND EXPECTATION A 15-METRE CANTILEVERED POOL EXTENDS BEYOND THE IMAGINATION IN EVERY RESIDENCE. SC GLOBAL DEVELOPMENTS CELEBRATES THE IMMINENT COMPLETION OF THE MARQ AT 8 PATERSON HILL.152 words
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TOP STORIES
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Article358 2011-03-30 2 Market counts cost of Casino Effect HAVE market punters migrated to the casinos? That is one question bugging remisiers these days as they lament the dwindling of trading activities. One broker estimates that some 70 per cent of market volumes here are generated by the remisiers and traders358 words
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Article, Illustration1036 2011-03-30 2 SHU-CHING JEAN CHEN - Beijing’s approach allows Singapore banks to get a piece of the action By SHU-CHING JEAN CHEN in Hong Kong CHINA has taken a unique route to internationalising the renminbi the currency equivalent of an avatar. This special role has fallen to Hong Kong,REUTERS - 1,036 words
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Article, Illustration977 2011-03-30 2 MICHELLE QUAH - By MICHELLE MICHELLE QUAH [SINGAPORE] Tan Ser Kiat pegged by media reports as Susan Lim’s spurned lover says he was never romantically interested in her, nor did he ever try to date her. His response, dated Feb 17, 2011, to Dr Lim’s977 words
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Article69 2011-03-30 2 IN the article “Lessons for Asia from Japan disasters” (BT, March 25), the reference to Yukiya Amano, secretary-gen-eral of the International Atomic Energy Agency (IAEA), should have been to Nobuo Tanaka, director-general of the International Energy Agency (IEA). And in the report, “Koon clinches $15.25m Tanglin Logistics Park deal”69 words
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Article, Illustration709 2011-03-30 4 ANTHONY ROWLEY - Govt in a state of maximum alert over the crisis at Fukushima: PM Kan By ANTHONY ROWLEY in Tokyo FRANCE has sent two nuclear experts to Japan to help in the dangerous battle to control the release of radioactive substances now acknowledgedAP - 709 words
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571 2011-03-30 4 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] Another Sin-gapore-styled integrated park is on the drawing board and the private sector is taking the lead. Agreements were inked yesterday to develop the Sino-Sin-gapore (Wuhan) Science Park. Jurong Consultants will take up the task of master planning571 words
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554 2011-03-30 4 He’s making police report on posts by anonymous blogger By JOYCE HOOI [SINGAPORE] A cyber-fra-cas has broken out at one of the branches of a Shenton Way firm IPP Financial Advisers Pte Ltd in which allegations have been fired off on a blog and554 words
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241 2011-03-30 4 [SINGAPORE] The authorities have opened its doors to two more local FM radio stations to add to the 20 that are now broadcasting over local airwaves. The Media Development Authority (MDA) yesterday announced that it is inviting public tenders for241 words
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Article, Illustration511 2011-03-30 4 TEH SHI NING - By TEH SHI NING [SINGAPORE] The risks are still tilted towards inflation even as growth moderates, economists say. But consumer price and industrial production data released last week both of which surprised on the downside have led to differing views on what Singapore’s nextFILE PHOTO - 511 words
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Advertisement123 2011-03-30 2 RENEWABLE ENTECH ENERGY POLLUTEC PUMPS VALVES jS§sj The Region's Premier Exhibition Co) on Renewable Energy Environmental Technology 1-4 JUNE 2011 BITEC: Bangkok, Thailand Breakthrough Opportunities Your Window to South East Asia www.renewableenergy-asia.com u. w. J -irs r\ Ml ti 1 m (W> B n -5* X o f e ASEAN123 words
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Advertisement97 2011-03-30 4 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 April 2011 Tenor Approximately 5 years Total Amount Allotted SGD 2,500,000,000 Amount Allotted to Non-Competitive Applications SGD 305,611,000 Amount Allotted to MAS SGD 100,000,000 Total Amount Applied SGD 4,785,622,000 Coupon Rate97 words
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Advertisement19 2011-03-30 4 Discover Greener Pastures I Call 1800 289 8822 or e-mail notices@sph.com.sg to place f! your Change of Address Notices19 words
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Advertisement127 2011-03-30 5 At a gentleman's tailor in Milan, my name is tacked to bespoke, charcoal grey suits The same table is always reserved in my name, at a 3 star Michelin restaurant in Hong Kong They know me by name at the Monaco marina, where I berth my yacht every summer ■A127 words
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COMPANY NEWS
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481 2011-03-30 6 LYNETTE KHOO - Some shareholders unhappy at EGM as they have invested in stock since its IPO EGM WATCH By LYNETTE KHOO AN emotional minority failed to block the delisting proposal from Financial One’s major shareholder as the bid garnered high approval votes yesterday. At the extraordinary481 words
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Article, Illustration565 2011-03-30 6 Move comes as competition for such IPOs intensifies Bloomberg [SYDNEY] ASX Ltd, operator of Australia’s main securities exchange, is considering ways to encourage more listings of start-up mining and exploration companies amid intensifying regional competition for such offerings. ASX announced on Monday aBloomberg; REUTERS - 565 words
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284 2011-03-30 6 FELDA CHAY - By FELDA CHAY SPICE i2i’s proposal for another rights issue its second over a one-year period was passed at an extraordinary general meeting yesterday. Also passed was the proposed acquisition of Indonesian handset distributor Affinity Group. The Internet telephone company did not reveal284 words
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620 2011-03-30 6 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN CAPITAMALLS Asia’s announcement on Monday that it is seeking a secondary listing in Hong Kong is arguably a stunning setback for the Singapore Exchange (SGX). To date, the list of SGX companies making a beeline for620 words
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516 2011-03-30 9 FELDA CHAY - It will build two jack-up rigs for a subsidiary of Noble Corporation By FELDA CHAY SEMBCORP Marine’s subsidiary Jurong Shipyard has clinched two turnkey contracts worth US$427.6 million to build two jack-up rigs for a subsidiary of New York-listed offshore drilling contractor, Noble Corporation.516 words
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497 2011-03-30 9 Reuters [GENEVA] Two of the world’s biggest commodities traders have ruled out public flotations, at least for the time being, despite admitting the attractions of raising such “permanent capital”. Trafigura and Gunvor on Monday said that they had no wish toReuters - 497 words
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Article, Illustration393 2011-03-30 9 KALPANA RASHIWALA - The duo’s salary bands rose by $1.5m each for FY2010 By KALPANA RASHIWALA PAY package bands for the two Kwek brothers who helm listed property and hotels group City Developments Ltd (CDL) have risen by $1.5 million each for the year ended DecFILE PHOTO - 393 words
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384 2011-03-30 10 MINDY TAN - It is proposing to buy 45% of China Satellite Mobile Communications By MINDY TAN ARMARDA Group has proposed to acquire 45 per cent of China Satellite Mobile Communications Group Limited for about HK$469.1 million (S$76.3 million). The vendors will get HK$25 million in cash, HK$20 million384 words
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Article, Illustration486 2011-03-30 10 MICHELLE TAN - It seals non-binding deal for stake from its key shareholders By MICHELLE TAN GUANGZHAO Industrial Forest Biotechnology Group, an S-chip, is pursuing greener aspirations, with plans to move into biofertiliser production in China. It has entered into a non-binding memorandum of understanding withFILE PHOTO - 486 words
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152 2011-03-30 10 Reuters THE private banking arm of Singapore’s DBS has hired Lawrence Lua from Julius Baer as head of its South-east Asia business. Mr Lua, who will also be a managing director, will join on April 1, DBS said in a statement. South-eastReuters - 152 words
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COMPANY BRIEFS
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84 2011-03-30 10 JACKS International has posted a 28 per cent drop in net earnings for the full year ended Jan 31, 2011 to $1.22 million. Revenue rose 13 per cent to $29.9 million. The group is involved with distributing health foods and supplements in84 words
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Article112 2011-03-30 10 WEE Hur Holdings Ltd said that its proposed joint venture with Hui Feng Real Estate has been mutually terminated. In May last year, Wee Hur had announced that it had entered into a non-binding memorandum of understanding with Hui Feng to set up a China-based112 words
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69 2011-03-30 10 HONGWEI Technologies has appointed KPMG as special auditors to investigate its affairs, it said yesterday. Previously, issues pertaining to the cash and bank balances confirmation of Hongwei’s subsidiary company in China, Shuangli (Xiamen) Polyester, had been flagged. KPMG will have full and unrestricted access69 words
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Advertisement1684 2011-03-30 6 MATS 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 ACAPULCO SHIPPING PTE LTD (In Members’Voluntary Liquidation) Company registration no. *****2751G At an Extraordinary General Meeting of the Company duly convened and held at 1 Kim Seng Promenade #07-021,684 words
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Advertisement334 2011-03-30 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TUXPAN SHIPPING PTE. LTD. (In Members’Voluntary Liquidation) Company registration no. *****1216R At an Extraordinary General Meeting of the Company duly convened and held at 1 Kim Seng Promenade #07-02 Great World City Singapore *****4 on 29334 words
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Advertisement189 2011-03-30 6 RETAIL INVESTOR SEMINAR COMMODITIES 5 6 April 2011, Marina Bay Sands, Singapore Insights on commodities and mining for the educated investor With commodity prices achieving historical highs and mining stocks having enjoyed sharp popularity gains. How much do you know about the commodity markets? Or that about the mining industry?189 words
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Advertisement209 2011-03-30 7 V liijiii;! ffiU'ipW ill MffiiHW!! ii. mm |i|| We are INSIGNIA The only card with a million dollars to your name When the world knows you by name, one card celebrates it. Presenting the DBS Insignia Visa Infinite Card. A card that bears your personal insignia, placing you at the209 words
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Advertisement8 2011-03-30 8 JUSTIFIABLY EXPENSIVE R-A6200S $4,799 DEFINITELY NOT FORTHE MASSES8 words
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Advertisement180 2011-03-30 9 www.vw.com.sg The average person spends 1 week, 2 days, 9 hours and 20 minutes searching for their keys. M 4 Golf Sport I r I Golf Sport. Now with a keyless system. Introducing the Keyless Entry and Start-Stop System, or KESSY: Now there's no more fumbling for keys. As long180 words
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Advertisement252 2011-03-30 10 JPMorgan Global Natural Resources Fund We believe there's only one natural choice for Singapore investors. 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 investment252 words
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Advertisement244 2011-03-30 11 r c *v"", PI 2* GS i Vi RACETRACK PERFORMANCE MEETS BALLROOM REFINEMENT. Beautiful and bold, the Lexus GS appeals to both human senses and desires. Power, efficiency and responsive handling combine to make a fast, comfortable four-door sedan ever ready to leap into motion. The Lexus GS Hybrid marries244 words
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SINGAPORE MARKETS
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Article, Illustration607 2011-03-30 12 R SIVANITHY - Turnover feeble at $1.1 billion; Hong Kong and Japan bourses fail to inspire STOCKS R SIVANITHY Senior Correspondent A 0.43 of a point loss for the Straits Times Index at 3,056.95 and a weak turnover tally of 1.1 billion units worth $1.1 billion wereSource: Bloomberg - 607 words
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Article66 2011-03-30 12 Mar 29 VALUE CLOSE BT OB/OS 850.00 +514.0 BT CADI -*****.00 +65.0 BT 10-day MA -*****.00 +85.00 FTSE ST Mid Cap 759.91 -1.18 FTSE ST Small Cap 544.44 +4.15 FTSE ST All Share 754.92 +0.12 FTSE ST China Top 274.48 -0.91 FTSE ST China 305.74 -1.26 FTSE66 words
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Article56 2011-03-30 12 VOLUME NexGenSCom 114,088,000 Dyna-Mac 80,556,000 HPH Trust US$ 70,258,000 Z-Obee Hldgs 34,897,000 Genting SP 32,474,000 Ramba 32,377,000 Gallant 23,756,000 Golden Agri 23,737,000 CapitaLand 23,488,000 SunVic 18,599,000 VALUE($) HPH Trust US$ 86,531,828 CapitaLand 76,775,476 Genting SP 64,817,480 DBS Grp 52,851,688 Dyna-Mac 42,218,275 Keppel Corp 33,377,014 SingTel 32,603,450 SembMar56 words
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Article186 2011-03-30 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 4 1 0 0 0 13 4 1 Manufacturing 57 37 67 5 3 7 62 40 74 Commerce 14 14 23 3 2 6 17 16 29 Tpt/Stor/Comms 12 19 15186 words
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BROKERS’ TAKE
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Article, Illustration462 2011-03-30 12 March 29 close: S$1.77 OCBC Investment Research, March 29 CAPITAMALLS Asia (CMA) said on Monday that it would pursue a secondary listing on the Stock Exchange of Hong Kong (HKEx). The Hong Kong shares would be fungible with CMA’s shares listed on the Singapore Exchange (SGX) and denominatedSource: Bloomberg - 462 words
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Article, Illustration271 2011-03-30 12 CONRAD TAN - Compiled by CONRAD TAN March 29 close: S$5.74 DBS Group Research, March 29 SEMBCORP Marine has secured a second pair of jack-up orders from Noble Corp, after Noble exercised the first two of its four options. Recall that Noble had earlier awarded SembMarine contracts to build two unitsSource: Bloomberg - 271 words
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Article136 2011-03-30 12 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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Article119 2011-03-30 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,496 36,496 71,336 71,336 Manufacturing 186,757 11,513 198,270 187,976 521 188,497 Commerce 156,762 6,400 163,162 74,585 1,198 75,783 Tpt/Stor/Comms 166,070 724 166,794 226,726 154 226,879 Finance 19,338 19,338 123,355 123,355 Construction 29,392 1,411 30,803 9,577119 words
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Article113 2011-03-30 12 Stock name Close Change CapMallsAsia 1.770 +0.030 CapitaLand 3.260 -0.070 CapitaMall 1.900 +0.020 CityDev 11.320 -0.200 ComfortDelGro 1.570 +0.030 DBS Grp 14.500 +0.160 F&N 5.800 +0.120 GLP 1.830 +0.010 Genting SP 2.000 -0.020 Golden Agri 0.680 -0.005 HK Land 7.050 -0.120 JMH 43.580 -0.200 JSH 26.420113 words
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Article, Illustration447 2011-03-30 12 CURRENCIES Reuters [TOKYO] The euro rose against the US dollar yesterday after comments by the head of the European Central Bank (ECB) the previous day reinforced expectations for higher interest rates, while the yen held steady with the focus on Japan’s nuclearReuters; AP - 447 words
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Article116 2011-03-30 12 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 195.4 1.2 DBXT MSKorea 10US$ 6076 71.9 0.9 Asia Pac Brew 2350 62.0 2.7 STXPO 100 1100 30.0 2.8 Lyxor China H 10US$ 1667 29.0 1.4 DBXT S&P Short 10US$ 4293 24.0 0.4 DBXT SPASX200 10US$ 3545 24.0 0.5 UOB 5.05%NCPS116 words
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Article118 2011-03-30 12 BY CENTS CLOSE DOWN Jardine C&C 3616 -94.0 -2.5 DBXT MSJAP 10US$ 3846 -44.1 -0.9 JSH 2642 -37.8 -1.1 DBXT CSI300 10US$ 1101 -27.7 -2.0 JMH 4358 -25.2 -0.5 CityDev 1132 -20.0 -1.7 HK Land 705 -15.1 -1.7 MOIL 211 -15.1 -5.4 DBXT MSTHAI 10US$ 1647 -13.9 -0.7 Daiwa118 words
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Advertisement985 2011-03-30 13 Advertising Feature New Heights Of City Living Cosmopolitan Tanjong Pagar All eyes are on Tanjong Pagar, set to be transformed into a waterfront city that will substantially expand and rejuvenate the present business district. With its strategic location at the fringe of the city and a size of some 300985 words
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SINGAPORE NEWS
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482 2011-03-30 14 EMILYN YAP - Plots in Pasir Ris, Sembawang and Sengkang may yield 1,500 homes in all Reports by EMILYN YAP THE government has put three residential sites, which can together yield some 1,500 homes, up for tender. All three are on the confirmed list, have482 words
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306 2011-03-30 14 A 60-YEAR leasehold industrial site at Ang Mo Kio Street 62 attracted strong demand when its tender closed yesterday. As many as 13 developers competed for the site, with Sim Lian Development Pte Ltd coming out on top with the highest bid306 words
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236 2011-03-30 14 ABOUT 800,000 HDB households can expect to receive another $194 million worth of rebates $163 million worth of Utilities-Save (U-Save) rebates and $31 million worth of Service Conservancy Charges (S&CC) rebates in April 2011, the Finance Ministry said yesterday. The rebates are236 words
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Article, Illustration580 2011-03-30 14 SIOW LI SEN - By SIOW LI SEN PRIVATE banks here are stepping up their efforts to court the wealthy Indian diaspora, more popularly known as non-resident Indians (NRI). For generations private banks in London and Switzerland have courted rich NRIs who have headed to580 words
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236 2011-03-30 14 SINGAPORE companies from the logistics, food and education sectors are headed to Argentina to explore business opportunities there next week. The delegation of nine Singapore-based companies led by NTUC Fairprice Group CEO Tan Kian Chew, will be accompanied by International Enterprise Singapore chief executive Teo Eng236 words
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236 2011-03-30 14 JERMAINE NG - By JERMAINE NG THE largest auditorium in the Singapore Management University (SMU) has been christened the Mochtar Riady Auditorium in honour of his $5 million endowment for bond-free scholarships. “The world faces a lot of problems due to mismanagement. I believe SMU has a236 words
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433 2011-03-30 15 RONNIE LIM - Another worker in critical condition; duo were working in nitrogen-filled space By RONNIE LIM AN incident involving a fatality has stopped all maintenance work at ExxonMobil’s 309,000 barrel per day (bpd) Jurong refinery, which had been undergoing scheduled shutdown. On Monday night, the433 words
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Article, Illustration666 2011-03-30 15 MALMINDERJIT SINGH - By MALMINDERJIT SINGH SINGAPORE’S strategic location in South-East Asia, strong economic connectivity and global position make it an important bridge for exchanges between India and China, and businesses should leverage on this, said Singapore’s Senior Minister of State for Trade and666 words
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250 2011-03-30 15 KELLY TAY - By KELLY TAY UKRAINE President Viktor Yanukovych has invited Singapore businesses to take part in his country’s state projects in areas such as public housing, education and clean water initiatives. He was speaking at yesterday’s inaugural Ukraine-Singapore Business Forum 2011 which250 words
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255 2011-03-30 15 SINGAPORE Power (SP) Services announced an electricity tariff revision for the period April 1 to June 30, up 6.5 per cent on average. This comes despite an annual review of the cost of transporting electricity through the power grid which saw network charges255 words
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Advertisement2417 2011-03-30 14 BONVESTS HOLDINGS LIMITED (Company Registration No. *****0282M) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Second Annual General Meeting of the Company will be held at The Sheraton Towers Singapore, 39 Scotts Road, Topaz Room, Level 2, Singapore *****0, on Thursday, 21 April 20112,417 words
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ECONOMY
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726 2011-03-30 16 GDP falls 0.5% in Q4; less than earlier estimate of 0.6% Bloomberg [LONDON] Britain’s economy shrank less than previously estimated in the fourth quarter, as services and factory output was revised higher. Gross domestic product (GDP) fell 0.5 per cent from the previous threeBloomberg - 726 words
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Article, Illustration601 2011-03-30 16 But Beijing shelves a hot topic its exchange rate stand AFP [BEIJING] Ministers and bankers from G-20 nations meet in China this week to discuss challenges facing the world monetary system, but Beijing has ruled out one of the hottest topicsAFP; REUTERS - 601 words
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294 2011-03-30 16 Bloomberg [NEW DELHI] Nobel Peace Prize winner Muhammad Yunus, who is fighting his dismissal as head of Bangladesh’s Grameen Bank, has said that he is willing to “give and take” with the government to resolve the stalemate. Mr Yunus, 70,Bloomberg - 294 words
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Advertisement2174 2011-03-30 16 CAPITAMALLS ASIA LIMITED (Regn. No.: *****3169H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of CapitaMalls Asia Limited (the “Company”) will be held at the Stamford Ballroom, Level 4, Raffles City Convention Centre, 80 Bras Basah Road,2,174 words
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MALAYSIA/INDONESIA
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Article, Illustration599 2011-03-30 17 Vallar aiming for majority stake in Indonesia’s top coal miner: Bakrie Bros Reuters [JAKARTA] London-listed Vallar will increase its stake in top Indonesian coal miner Bumi Resources to 51 per cent by June this year, major Vallar shareholder Bakrie Brothers said.Reuters - 599 words
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358 2011-03-30 17 Reuters [JAKARTA] Freeport-McMo-ran Copper Gold Inc’s Indonesia unit, which runs the giant Grasberg mine, expects its copper output to fall 17 per cent this year to about one billion pounds by weight, its chief financial officer said yesterday. The primary driver for theReuters - 358 words
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164 2011-03-30 17 Reuters [JAKARTA] Indonesia aims to sell state-owned Bank Mutiara this year to raise the 6.7 trillion rupiah (S$970.6 million) that the government spent to bail out the lender in 2008 during the financial crisis, the state deposit agency said yesterday. The agency’sReuters - 164 words
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478 2011-03-30 17 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur MALAYSIAN oil-and-gas company SapuraCrest Petroleum’s earnings of RM231 million (S$96.4 million) for the year to January 2011 are drawing analyst attention as they are 35 per cent higher than the previous year and 8 per cent above their478 words
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Advertisement100 2011-03-30 17 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers100 words
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GREATER CHINA
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665 2011-03-30 18 It also reiterates a pledge to control lending to real estate, local governments Bloomberg Reuters [SHANGHAI] China’s bank regulator said industry profits rose at the fastest pace in three years in 2010 and repeated a pledge to control lending to real estateBloomberg; Reuters - 665 words
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Article406 2011-03-30 18 Earnings up 47% to HK$20b as 3G services turn around Bloomberg [HONG KONG] Hutchison Whampoa Ltd, billionaire Li Ka-shing’s biggest company, reported full-year profit that beat estimates after boosting sales from mobile phone services, ports, and cosmetics in Europe, the Americas and China. Net income climbedBloomberg - 406 words
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266 2011-03-30 18 Bloomberg [HONG KONG] Martin Wheatley, the outgoing head of Hong Kong’s securities market regulator, said yesterday that sponsors’ due diligence of initial public offerings (IPOs) has been “inadequate” at times. “In many cases, sponsors are spread too thinly in terms of the numberBloomberg - 266 words
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Article, Illustration235 2011-03-30 18 AFP [HONG KONG] The world’s highest hotel opened its doors in Hong Kong on Tuesday, housed in the city’s tallest skyscraper and offering unrivalled panoramic views of the world famous Victoria Harbour. Towering some 490 metres above the city’s bustling streets, the Ritz-Carl-ton HotelAFP - 235 words
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Advertisement1139 2011-03-30 18 BUY IT-SELL IT-FIND IT MATS i p Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES GLOBAL INVESTMENTS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2011 Annual General Meeting of Global Investments Limited (the "Company") will be held at Holiday Inn Singapore Orchard City Centre (formerly known as1,139 words
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Advertisement620 2011-03-30 18 IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF DEVELICA APS2 PTE. LTD. (Co. Registration No.*****0347M) IN MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held at 10 Anson Road, #21-12 International Plaza, Singapore *****3 on 21stMarch 2011, at 10am, the following Resolutions620 words
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INDIA
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Article, Illustration450 2011-03-30 19 Challenge is to manage the growth and inflation impact: central bank chief Bloomberg [COLOMBO] Higher oil prices may accelerate inflation in India and hurt economic growth, the nation’s central bank governor Duvvuri Subbarao said. “India is a large importer of oil and asBloomberg; AFP - 450 words
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474 2011-03-30 19 Reuters Bloomberg [NEW DELHI] Indian police arrested two more executives in a multi-billion dollar telecoms corruption case yesterday as they prepared to make the first formal charges in a scandal that has embroiled the government and business magnates. Asif Balwa andReuters; Bloomberg - 474 words
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424 2011-03-30 19 Reuters [HONG KONG] Hedge funds are finding India the toughest BRIC country to beat consistently in falling stock markets, raising questions about whether the high fees they charge for all-weather outperformance is justified. Profiting from short-sell-ing, or when share prices fall, isReuters - 424 words
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Advertisement135 2011-03-30 19 Chevrolet.com.sg I CRUZE LS WITH INTEGRATED NAVTRAK VOICE GUIDED GPS NAVIGATION S9MI4 t L I \'n m CRUZE LS K30 100TH ANNIVERSARY CELEBRATORY PRICE: CRUZE FROM $66,999* WITH COE (NORMAL CAR PRICE) YEARS OF CHEVROLET n C. U\Y r AAr\ 31 km/h From the voice guided CPS navigation to the135 words
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Advertisement3399 2011-03-30 20 TAC.LG 074/2011 25 March 2011 Re: Invitation to the 2011 Annual General Meeting of Shareholders To: All Shareholders of Total Access Communication Public Company Limited Enclosures: 1. Copy of the Minutes of the 2010 Annual General Meeting of Shareholders held on 27 April 2010 (Agenda Item 1) 2. 2010 Annual3,399 words
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Advertisement1162 2011-03-30 20 NOTICES BUY IT- SELL IT- FIND IT MOYA DAYEN LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2051G NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Moya Dayen Limited (the "Company") will be held on 21 April 2011 at 10.30 a.m.1,162 words
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Advertisement1273 2011-03-30 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HIGHLANDER INTERNATIONAL TRADING ASIA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO.: *****0680W Extract of the Minutes of an Extraordinary General Meeting of HIGHLANDER INTERNATIONAL TRADING ASIA PTE. LTD. signed by the Representative of the1,273 words
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WORLD
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467 2011-03-30 21 Chinese suspected for spying on at least 10 ministers, say reports AFP [SYDNEY] Australian Prime Minister Julia Gillard’s parliamentary computer, and the foreign and defence ministers’ machines have all been suspected of being hacked with China under suspicion reports said yesterday. Sydney’s DailyAFP - 467 words
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222 2011-03-30 21 Bloomberg [ZURICH] The cost to insurers of natural disasters rose 76 per cent to US$40 billion last year because of higher losses from earthquakes including those that struck Chile and New Zealand, Swiss Reinsurance Co said. Earthquakes accounted for about a third ofBloomberg - 222 words
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Article, Illustration522 2011-03-30 21 Bloomberg [SAN FRANCISCO] eBay Inc chief executive officer John Donahoe is stepping up an effort to woo big retailers and challenge Amazon.com Inc through the US$2.4 billion acquisition of GSI Commerce Inc, his largest takeover yet. The purchase will give eBay,Bloomberg; FILE PHOTO - 522 words
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486 2011-03-30 22 They say it’s too soon to remove stimulus from the US economy Bloomberg [SAN FRANCISCO] Two Federal Reserve regional bank presidents voiced support for the completion of the central bank’s US$600 billion Treasury securi-ties-purchase programme through June, saying it’s too soon to removeBloomberg - 486 words
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342 2011-03-30 22 AP [MUNICH] Industrial engineering company Siemens AG yesterday said that it is shaking up its organisational chart, spinning off light bulb maker Osram and forging a new division that will focus on energy-efficient infrastructure projects. Osram GmbH will be sold to investorsAP - 342 words
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Article, Illustration283 2011-03-30 22 Bloomberg [HELSINKI] Global sales of smartphones will probably increase at a slower pace this year, with Google Inc’s Android likely to become the world’s best-selling smartphone system, according to International Data Corp (IDC). Shipments of handsets that allow users to surf the Internet andBloomberg - 283 words
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447 2011-03-30 23 Higher prices at service stations, supermarkets take bigger bite out of incomes LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers dropped more than forecast in March as fuel costs surged to the highest level in more than two years. The Conference Board’s confidenceBloomberg - 447 words
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Article, Illustration557 2011-03-30 23 Bloomberg [LONDON] European banks are being forced to sell more long-term bonds as regulators seek to prevent another financial crisis. European insurers say their own regulator will stop them from buying such debt. Basel III’s liquidity rules mean European banks may need toBloomberg; REUTERS - 557 words
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361 2011-03-30 23 Outlook negative as Lisbon may need bailout, it says AP AFP [PARIS] Portugal and Greece had their credit ratings cut by Standard Poor’s. The agency said yesterday that it lowered its sovereign credit ratings on Portugal to BBB-/A-3 from BBB/A-2 and said theAP; AFP - 361 words
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519 2011-03-30 23 Bloomberg [WASHINGTON] Federal prosecutors are considering whether to pursue manslaughter charges against BP managers for decisions made before the Gulf of Mexico oil well explosion last year that killed 11 workers and caused the biggest offshore spill in US history, according to threeBloomberg - 519 words
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Article, Illustration671 2011-03-30 23 Now, new rules on ‘novel foods’ needed which will take time Reuters [BRUSSELS] Talks within the European Union broke down yesterday over how to deal with food from cloned animals, sending EU proposals on the sale of new types of foods backReuters; AFP - 671 words
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Page 21 Advertisements
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Advertisement2302 2011-03-30 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. BIO-TREAT TECHNOLOGY LIMITED (Incorporated in Bermuda on 22 August 2003) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an SPECIAL GENERAL MEETING of Bio-Treat Technology Limited (the “Company”) will be held at 9.00 a.m. on Thursday 212,302 words
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Page 22 Advertisements
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Advertisement308 2011-03-30 22 WINE DINE AND HOSPITALITY 1 BITE INTO THE SWEETNESS AND CRUNCH OF THE WOK-FRIED PRAWNS WITH DRIED CHILLI AND GARLIC SEAFOOD GALORE MANDARIN COURT From 3 to 1 6 April, savour Executive Chinese Chef Sunny Kong's debut typhoon shelter delicacies like the Wok-fried Flower Crab with Dried Chilli, Garlic and308 words
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Advertisement68 2011-03-30 22 Reach Serious Gourmets In This Targeted Space Enjoy special advertisement rates in this dedicated culinary environment. -"~S mw7i Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 6319 6127 6319 2129 *****650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred Lee 631968 words
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Page 23 Advertisements
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Advertisement99 2011-03-30 23 7 r m vn U 11 i Sup Title i Natas Travel 2011 Spring Sensations 1 Holiday Fiesta Travel Malaysia May 2011 Value Vacations Natas Holidays 2011 1 Autumn Delights Travel Malaysia Nov 20H HolidayEscapades_ 1 J! II For advertising enquiries, please call: Veronica Chong 8127 8929 Patricia Peh 828899 words
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TransportHUB
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Article, Illustration762 2011-03-30 24 Pollution curbs and N-power plant closures to lift LNG demand to record Bloomberg [NEW YORK] The cost of shipping liquefied natural gas may advance 67 per cent to a five-year high as Japan replaces its crippled nuclear industry with power plantsBloomberg; BLOOMBERG FILE PHOTO - 762 words
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571 2011-03-30 24 Bloomberg [TOKYO] Five of the six biggest container shippers are maintaining routes to Tokyo and Yokohama after the US Navy said radiation on vessels from the leaking Fukushima Dai-Ichi nuclear plant can be scrubbed off with soap and water. A P Moeller-Maersk, Mediterranean ShippingBloomberg - 571 words
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801 2011-03-30 24 DAVID HUGHES - In a time of uncertainty, SMW brings much expertise together in one place for a week STRAIT TALK By DAVID DAVID HUGHES LAST week, this column looked at the way Singapore Maritime Week (SMW) is focusing on long-term priorities and, in particular, reaching out801 words
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351 2011-03-30 24 Reuters [SINGAPORE] Rates for clean tankers on key Asian freight routes are expected to rise this week as strong demand for refined products helps offset a surplus of tonnage. For crude tankers, rates are seen mixed with pressure from ample supplies andReuters - 351 words
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246 2011-03-30 24 Reuters [MOGADISHU] Pirates firing rocket-pro-pelled grenades and small arms hijacked an oil tanker bound for Singapore from Sudan on Monday, the European Union’s an-ti-piracy task force said. “At approximately 0900 (GMT) on March 28, the crude oil tanker the MV ZIRKU was pirated approximately 250Reuters - 246 words
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Article278 2011-03-30 24 SGX '000 Mar 29 S$ +/-Vol CH Offshore 0.44 unch 45 Chuan Hup Hldg 0.22 -0.01 80 Cosco Corp 2.05 -0.01 7858 CWT Ltd 1.22 0.01 465 Ezra Hldgs 1.73 -0.01 1452 First Ship Lea 0.41 unch 1143 Freight Links 0.07 unch 243 Grand Banks unch unch 0278 words
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SEA ASIA 2011
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Article, Illustration1297 2011-03-30 25 VINCENT WEE - Singapore to benefit as its geographical location is ideal for servicing the LNG carriers on their typical trade routes, reports VINCENT WEE reports VINCENT WEE LIQUEFIED natural gas or LNG has shot into the limelight in recent years as the clean and green fuel1,297 words
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TRANSPORT HUB: AVIATION
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468 2011-03-30 26 Global air cargo traffic up just 2.3% in Feb after rising 8.7% in Jan: Iata Bloomberg Bloomberg [GENEVA] Growing unrest in the Middle East and North Africa stifled air passenger traffic in February, reducing growth sharply from January levels, International Air TransportBloomberg - 468 words
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Article, Illustration481 2011-03-30 26 VEN SREENIVASAN - Online travel firm to handle budget carrier’s portals By VEN SREENIVASAN AFTER jealously controlling its ticketing and travel distributorship for the last nine years, AirAsia has jumped into bed with the world’s largest online travel distributorship Expedia which will handle and power the MalaysianAFP - 481 words
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Article593 2011-03-30 26 Bloomberg [NEW YORK] United Parcel Service Inc is adding four flights a week from Hong Kong to Europe and FedEx Corp will start a new nonstop route to South Korea as growth in Asian shipping demand outpaces expansion in the US. Asia is “aBloomberg - 593 words
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219 2011-03-30 26 Bloomberg [NEW YORK] Airport body scanners pose little radiation risk to travellers, emitting less than one per cent of the dose a person would get from cosmic rays while flying at high altitudes, according to a report. Researchers from the University ofBloomberg - 219 words
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Article3061 2011-03-30 26 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1250 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 --LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH62933,061 words
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TRANSPORT HUB: LAND
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Article, Illustration608 2011-03-30 27 Zero fatalities, shift from road to rail or water and no petrol cars among targets AFP Bloomberg [BRUSSELS] Europe’s transport network will need a 1.5 trillion euro (S$2.7 trillion) private sector overhaul to meet the needs of a post-oil world and slash carbon emissions,AFP; Bloomberg; REUTERS - 608 words
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Article, Illustration612 2011-03-30 27 SAMUEL EE - The 12 teams this year must also now pay for their tyres By SAMUEL EE PIRELLI is Formula One’s new tyre supplier after Bridgestone dropped out last season but far from being an expensive proposition, the F1 deal may not cost the Italian612 words
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Article, Illustration506 2011-03-30 27 SAMUEL EE - By SAMUEL EE THE economies in the region have bounced back strongly to make this year’s Tyrexpo Asia the biggest since the specialist automotive exhibition first started in 1996. Tyrexpo Asia 2011 is the eighth edition of the biennial trade show. The three-day event opened506 words
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292 2011-03-30 27 Reuters [TOKYO] Toyota Motor Corp resumed domestic auto production on Monday for the first time since Japan’s earthquake and tsunami, starting up assembly lines at two plants that make three hybrid models, the Nikkei business daily said. “Production of three hybrid models has beenReuters - 292 words
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Page 24 Advertisements
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Advertisement222 2011-03-30 24 SEA CONSORTIUM PTE LTD NOTICE TO TRADE 1. RATE RESTORATIONS In view of the continuing increase in the operating costs which can no longer be endured by ourselves, we have no option but to apply the following Rate Restorations with effect from 1st May 2011. Rate Restoration quantum increase will222 words
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Page 25 Advertisements
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Advertisement383 2011-03-30 25 Principal Sponsors Organisers Endorsed 12-14 April 2011 Marina Bay Sands® Singapore Held in conjunction with 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 headed next. Find out383 words
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Page 26 Miscellaneous
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Miscellaneous305 2011-03-30 26 CRYPTIC CROSSWORD Across 1 One with lager, drunk here (8,4) 8 Change course holding river route (5) 9 Liberal flesh with Sun, I fancy (9) 11 Wonders, seeing secretary bird with old males caged (9) 12 Polish workers found in borders of England (5) 13 Depressing following fellow’s coming out305 words
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Page 27 Advertisements
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Advertisement2371 2011-03-30 27 Colex Holdings Limited Registration No. *****1485G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Second Floor Conference Room, 20 JalanTukang, JurongTown, Singapore *****7, onTuesday, 19 April 2011 at 3.00 p.m., to2,371 words
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EDITORIAL & OPINION
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Article514 2011-03-30 28 EDITORIAL US PRESIDENT Barack Obama has insisted that the military action against Libya is not a prelude to another “regime change” followed by an occupation of yet another Middle Eastern country. Indeed, during his televised address, he stressed that US military engagement in Libya514 words
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Article, Illustration854 2011-03-30 28 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent THE door has opened wide for governments to focus their attention on natural gas as the main alternative energy to oil. Surely after the umpteenth Middle Eastern crisis and the nuclear disaster in Japan, will854 words
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Article, Illustration1007 2011-03-30 28 SIMON JOHNSON - Top economists’ view suggests ‘Washington Fiscal Consensus’ is seriously deficient By SIMON JOHNSON WASHINGTON, DC The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, http://BaselineScenario.com, a professor at MIT Sloan and a senior fellow at the Peterson InstituteProject Syndicate; REUTERS - 1,007 words
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Article, Illustration1336 2011-03-30 29 ROGER MONTGOMERY - If you want to beat the stock market, stop trying to predict it and taking your investing cues from price By ROGER MONTGOMERY HAVE you ever been told it’s too difficult to beat the stock market? It’s not. Put your computer to sleep, turnREUTERS - 1,336 words
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Article, Illustration871 2011-03-30 29 PAUL SHEARD - Japan’s ordeal and its future By PAUL SHEARD The writer is Nomura’s global chief economist TRAGIC as it is, this natural disaster may serve as a catalyst for Japan to forge a brighter future. Prime Minister Naoto Kan described Japan’s earthquake and tsunami as presenting the country with its biggest871 words
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SINGAPORE STOCKS
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Article8378 2011-03-30 30 Transaction date: Mar 29 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 16.5 17 17.5 7.8 3.7 3.5 79 12 4.5 A-Sonic 7 unch 412 7 6.5 6.5 7.58,378 words
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Article1537 2011-03-30 31 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 4.5 21.4 4.3 225 130 t APStrategic 169 +2 4 169 168 162 169 100.3 1.5 0.51,537 words
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Article9682 2011-03-30 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.34/ APS Alpha Fund (USD)!** 1.06/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,682 words
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Article244 2011-03-30 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A52cd 51.5 55.5 3.6 6.7 4.2 135.4 55 16 Genting HK US$ US41 -0.5 3429 41.5 41 41 41.5 2699.7 21 8 Over&Gen A14244 words
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Article817 2011-03-30 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112.7 111.5 112.7 514.5 1070 761 CIMBAsean40 100US$ US1031cd -7 19 1031 1030 1035 1049 41.2 350 270 DBS STI817 words
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Page 30 Advertisements
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Advertisement66 2011-03-30 30 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) 627866 words
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FINANCE & COMMODITIES
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374 2011-03-30 32 In local curr In S$ In US$ dy yr dy yr dy yr Mar 28 Index Change Change Change Change Change Change World Index Preliminary 918.5 0.1 2.3 -0.1 1.9 -0.1 3.5 EAFE Preliminary 798.8 0.1 -0.3 -0.3 0.4 -0.3 2.0 Europe Preliminary 1185.7 0.1374 words
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Article177 2011-03-30 32 Mar 29 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.30 0.20 1 month 0.38 0.28 2 months 0.43 0.33 3 months 0.48 0.38 6 months 0.58 0.48 9 months 0.80 0.60 12177 words
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Article22 2011-03-30 32 Mar 29 S$ Bid Offer 1-month 1.2608 1.2617 2-months 1.2606 1.2616 3-months 1.2605 1.2615 6-months 1.2601 1.2611 Source: OCBC22 words
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Article154 2011-03-30 32 Mar 29 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 565.0 555.0 565.0 10 May 11 556.0 540.0 556.0 60 Jun 11 553.0 540.0 553.0 68 Jul 11 547.0 Aug 11 545.0 545.0 545.0 3 Sep 11154 words
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Article79 2011-03-30 32 Mar 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 30.06.2011 0.24 1-Year BY*****N 01.11.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.35 5-Year N*****0W 1.125 01.04.2016 99.55 99.75 99.58 10-Year NY*****N79 words
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Article107 2011-03-30 32 Mar 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1348.50 1358.25 1369.00 1347.00 Jul 11 1359.25 1368.50 1379.25 1357.50 Aug 11 1358.25 1367.00 1371.50 1356.75 Sep 11 1350.00 1358.25 1366.75 1349.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 56.53107 words
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Article77 2011-03-30 32 CRUDE OIL PRODUCTS Mar 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.99 0.22 WTI (Near Mth) 105.57 unch Dubai (1-Mth F) 108.79 -0.85 Tapis blend 121.85 1.29 Minas 118.05 -0.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.00 -1.00 Jet Kerosene 133.00 -0.35 US$/barrel Opec Oil77 words
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2816 2011-03-30 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 21.5 unch 54 1 10 -9 1.60 56 Asia-Pacific Strategic W*****6 28 2 3 1 150 5 6.04 38 ASJ Hldgs W*****1 1 1 4 11 4.50 112,816 words
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Article121 2011-03-30 32 Mar 29 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.261 Can dollar 1.316 1.266 Euro 1.812 1.743 Sterling pound 2.057 1.978 NZ dollar 0.974 0.928 US dollar 1.282 1.233 Local dollars to 100 units of foreign121 words
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Article27 2011-03-30 32 Mar 29 Open High Sett STI Mar 3057 SIMSCI Mar 362.0 363.5 361.9 Taiwan Mar 303.8 305.5 305.2 Source: MF Global (S) Pte. Ltd27 words
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Article65 2011-03-30 32 Mar 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3300 3311 3342 3292 498 2297 May 11 3262 3271 3307 3240 1616 ***** Jun 11 3245 3252 3288 3217 ***** ***** Jul 11 3234 324165 words
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Article466 2011-03-30 32 Mar 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6200 0 1029 Sep11 99.5050 0 3075 Dec11 99.3450 0 2600 Mar12 99.1000 0 636 EUROYEN TIBOR FUTURES Jun11 99.6675 99.6675 99.6675 99.6675 0 3073 Sep11 99.6650 346 1221 Dec11 99.6575 0 1941 Mar12 99.6400 99.6450466 words
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Article464 2011-03-30 32 Mar 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 6.722 0.725 7.990 45.792 89.315 0.837 11.373 3.103 1.362 87.409 44.527 1.292 7.037 0.937 30.197 31.059 0.640 1.025 Canada 1.001 6.730464 words
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Article85 2011-03-30 32 Mar 29 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-03-30 32 Mar 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2915 1.2931 1.0243 1.0248 Canadian dollar 1.2931 1.2947 1.0255 1.0261 Euro 1.7818 1.7834 1.4131 1.4134 NZ dollar 0.9483 0.9496 0.7521 0.7526 Sterling pound 2.0193 2.0212 1.6015 1.6018154 words
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Article138 2011-03-30 32 Mar 29 GOLD (US$/oz) Mar 28 Mar 29 Hong Kong 1419.00 1418.60 Mar 25 Mar 28 London 1434.04 1417.70 1434.81 1418.70 Source: Thomson Reuters CAST BAR Mar 29 (S$) Selling Buying Kilobar 61,859.91 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 393 289 10gm 703138 words
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Article69 2011-03-30 32 Mar 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2582.00 2609.75 3 months 2615.00 2641.00 Copper, Grade A (US$/tonne) Cash 9520.50 9672.50 3 months 9535.00 9685.00 Lead (US$/tonne) Cash 2670.75 2703.50 3 months 2633.00 2670.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 2705.00 Tin (US$/tonne) Cash *****.0069 words
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Article81 2011-03-30 32 Mar 28 COCOA (£/tonne) Close Prev High/Low May 11 2124 2111 2134/2101 Jul 11 2113 2109 2120/2100 Sep 11 2111 2107 2119/2098 Dec 11 2109 2104 2115/2102 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2505 2540 May 11 2561 2604 2607/2545 Jul 11 2416 2442 2439/2410 Sep 11 243281 words
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6022 2011-03-30 33 n 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 Destination6,022 words
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Page 33 Advertisements
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Advertisement11 2011-03-30 33 To All Shipping Advertisers: Please call Joe Wong at 9620 132711 words
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Advertisement47 2011-03-30 34 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE _THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES47 words
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Page 35 Advertisements
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Advertisement252 2011-03-30 35 pi; T CORPORAT E Q F FI C E SOH DESIGN PARTNERSHIP 102 AMOY STREET SINGAPORE *****2 6222 3007 f: 6224 3007 w WWW.SOhodp.com CORPORATE OFFICES •PRIVATE RESIDENCES* COMMERCIAL ESTABLISHMENTS* CONSERVATION PROJECTS ARCHITECTURE AND INTERIOR SOHQ OptiC JilsXPRESS Account Positions Custom View •a > C Equities X Tools Trading Tools252 words
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executive Money
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Article, Illustration505 2011-03-30 35 JEFF KEARNS - Barclays recommends buying emerging-market ETF put options, while selling Japan’s, reports JEFF KEARNS JEFF KEARNS Bloomberg [NEW YORK] INVESTORS should buy put options to sell emerging-market stocks because they may retreat amid rising commodity prices, while selling puts on Japanese stocks, which may rally onBloomberg; BLOOMBERG - 505 words
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Article, Illustration781 2011-03-30 35 Reuters [BOSTON] Putnam Investments star manager Nick Thakore remains a fan of the Apple Inc shares in his Voyager Fund. Although the stock may look expensive to some, he says it would be hard to sell. Mr Thakore’s thinking on Apple andReuters; AP; BLOOMBERG - 781 words
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Article, Illustration982 2011-03-30 36 PAUL J LIM - Don’t count on a complete recovery anytime soon, says chief investment strategist at S&P’s Equity Research, reports PAUL J LIM reports PAUL J LIM NYT [NEW YORK] DESPITE recent volatility in global markets, domestic stocks have doubled in value in the past two years, the fastestNYT; AP - 982 words
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Advertisement141 2011-03-30 36 pfflpMgl Kb L i ,tV ■l»«>«»stasv;- I It If' I iWWMilliit: i:, **«>? swwim»#,,j7 i: m »mmu ii-m;; ;ltf i. rl' :l'- I /a .■-r -'Ml ":V is: V SWS*!, V) h L m m u li h X l/l a V \\Ulllll nihi,,/ \w" Hill \\W il 0 LV141 words
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THE BUSINESS TIMES Wealth
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Article, Illustration37 2011-03-30 1 With new challenges appearing on the investment landscape, assets with an income or yield are likely to serve as an anchor for your portfolio. This edition looks at various options that investors should consider37 words
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Article, Illustration536 2011-03-30 2 Genevieve Cua - By Genevieve Cua Personal Finance Editor JUST when it seemed that the global economy has turned the corner, new wrinkles appear to confound the investment landscape. The oil price, for instance, has surged with tensions in the Middle East. Food prices also remain elevated, raising inflation concerns. Add536 words
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RETIREMENT PLANNING
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Article, Illustration1294 2011-03-30 4 PHOON CHIONG TUCK; EDDY CHEONG - Financial planning in a time oF low yields involves a suitable investment response matched with the correct Financial planning response By PHOON CHIONG TUCK AND EDDY CHEONG Phoon Chiong Tuck, CFA is the Head of Investments and Eddy Cheong, CPA, CFP cm is the Head ofSource: Independent Private Wealth & Investment Manager - 1,294 words
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RISK MONITOR
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Article, Illustration1097 2011-03-30 6 DANIEL BRADFORD - Investors need to fully understand the rIsk profIle of theIr assets and lIabIlItIes for maxImum returns By DANIEL BRADFORD Daniel Bradford is Managing Director and Head of Risk for JP Morgan Private Bank in Asia OST investors would have heard the admonition not to put all their1,097 words
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ASIAN EQUITY
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Article, Illustration1187 2011-03-30 8 MANPREET GILL - Three keys To a successful asian equiTies invesTmenT sTraTegy By MANPREET GILL Manpreet Gill is Asia Strategist, Barclays Wealth HILE Asian equities should do well on the back of the region’s positive economic outlook, that is likely to be only half the story in 2011. When onePHOTO: - 1,187 words
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ROUNDTABLE
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Article, Illustration2661 2011-03-30 10 Panel discusses the various oPtions for investors at a time when there are Plenty of challenges THE last couple of years have been rewarding for those who have ventured to take risks particularly in Asia and the emerging markets. But challenges abound: inflation is rising as2,661 words
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DIVIDENDS
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Article, Illustration1401 2011-03-30 14 BRUNO LIPPENS - Are equity dividends now more AttrActive thAn bond yields? By BRUNO LIPPENS Bruno Lippens is Senior Investment Manager, Pictet Asset Management F we look at the historical returns of the equity markets and the impact of dividends on those returns, perhaps longterm investors should consider payingPHOTO: REUTERS; Source: Bloomberg - 1,401 words
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PROPERTY
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Article, Illustration1225 2011-03-30 16 CHUA YANG LIANG - Those who prefer a more sTable income reTurn should look To The ouTside cenTral area; for Those wiTh a higher risk appeTiTe, The cenTral area could be a beTTer opTion By CHUA YANG LIANG Chua Yang Liang is Head of Research, South-east Asia, Jones Lang LaSalle HILEPHOTO: BLOOMBERG - 1,225 words
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Article, Illustration892 2011-03-30 18 SIOW LI SEN - Homebuyers sHould look beyond today’s low rates and examine tHe long-term sustainability of any Home loan tHey take up By SIOW LI SEN T HE choice of a home loan can be a confusing exercise, and the decision often settles on the cheapest offer. In today’s lowPHOTO: STOCK.XCHNG; Source: Bloomberg - 892 words
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Article, Illustration1591 2011-03-30 20 ONG KAH SENG - CommerCial properties in singapore are expeCted to aChieve sustainable reCovery in the years ahead, underpinned by sound eConomiC fundamentals and maturity in stakeholders’ mindset By ONG KAH SENG Ong Kah Seng is Senior Manager in Cushman Wakefield Research Asia Pacific C OMMERCIAL property wrapped up anSource: URA, Cushman & Wakefield Research; FILE - 1,591 words
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REITS
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Article1523 2011-03-30 22 CARMEN LEE - The FTSe ReiT index ReboundS 140% FRom maRch 2009 low buT iS STill 40% below iTS peak By CARMEN LEE Carmen Lee is Head of Research, OCBC Investment Research Pte Ltd S INGAPORE Reits, or real estate investment trusts, have come a long way and are1,523 words
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FIXED INCOME
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Article, Illustration1047 2011-03-30 24 LEONG WAI HOONG - Investors should buIld AsIAn credIts Into theIr Investment portfolIos As the outlook remAIns posItIve By LEONG WAI HOONG Leong Wai Hoong, Vice-President, manages active Asian credit portfolios and short-dated fixed income portfolios at DBS Asset Management Ltd A SIAN credit as an asset class has enjoyed aIndices: Deutsche Bank, BIS; Indices: CSFB (US), JPM (Europe and Asia); Source: Bloomberg; Indices: JACI; Source: Bloomberg - 1,047 words
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CURRENCY
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Article, Illustration1140 2011-03-30 26 CHRISTIAN NOLTING - When FX is vieWed as a separate unconstrained source oF total returns, rather than as a constrained secondary risk to manage, it could beneFit investors By CHRISTIAN NOLTING Christian Nolting is Lead Strategist, Asia Pacific and Regional Head of Portfolio Management, Deutsche Bank Private WealthPHOTO: BLOOMBERG; Source: Deutsche Bank Global Markets, Bloomberg Finance LLP - 1,140 words
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GOLD
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Article, Illustration1010 2011-03-30 28 ALBERT CHENG - Current global faCtors have enhanCed gold’s role as a means of wealth preservation and portfolio diversifiCation By ALBERT CHENG Albert Cheng is World Gold Council Managing Director, Far East HE price of gold is volatile, yet the underlying long-term rationale for its place in a diversified portfolio1,010 words
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INFLATION
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Article, Illustration1218 2011-03-30 30 ALEXANDER GODWIN - Assets tend to be much better hedges AgAinst All kinds of risks when they Are trAding At cheAp vAluAtion levels, compAred to when they Are expensive By ALEXANDER GODWIN Alexander Godwin, CFA, is Global Head of Asset Allocation, Managing Director, Citi Private Bank OW sustainable the ChinesePHOTO: REUTERS - 1,218 words
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Article, Illustration1267 2011-03-30 31 KELVIN TAY - As the drivers of inflAtion Are now increAsingly globAl, monetAry policy mAy hAve lost its edge And centrAl bAnks will hAve to consider other ApproAches such As regulAtion By KELVIN TAY Kelvin Tay is Chief Investment Strategist Singapore, UBS Wealth Management Research NFLATION is perhaps the mostPHOTO: BLOOMBERG - 1,267 words
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ADVICE
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Article, Illustration1083 2011-03-30 32 GENEVIEVE CUA - Bank relationship managers like Joep hillegers try to understand their customers’ Businesses and goals to help make Better decisions By GENEVIEVE CUA ANK relationship managers (RMs) endured brickbats in the 2008 crisis; many were blamed for overly aggressive sales tactics and client losses. Amid the uncertainty of1,083 words
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Article215 2011-03-30 32 Genevieve Cua - By Genevieve Cua SINCE the 2008 crisis, which shook confidence in bank financial advisers, how has the landscape changed in terms of how relationship managers (RMs)are remunerated? Remuneration plays a key role in driving adviser behaviour as certain structures could reward short-term transactions instead of a long-term advice-centric215 words
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FAMILY OFFICES
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Article, Illustration1166 2011-03-30 33 BERNARD FUNG - Whatever the costs, a Well-run family office provides huge benefits both quantitative and qualitative By BERNARD FUNG Bernard Fung is Head of Family Office Services Singapore, Credit Suisse Private Banking division A FAMILY office is an organisation that manages the wealth and personal affairs ofPHOTO: STOCK.XCHNG - 1,166 words
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STRUCTURING
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Article, Illustration1544 2011-03-30 34 JAMES AITKEN - There are many reasons why TrusTs are one of The mosT popular and enduring meThods of family succession planning By JAMES AITKEN James Aitken is Managing Director Private Wealth Solutions, HSBC Trustee (S) Ltd HE threat of estate duty used to drive many wealthy Singaporean families to thinkPHOTO: STOCK.XCHNG - 1,544 words
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Advertisement209 2011-03-30 2 contents 4 Making the right adjustments Financial planning in a time of low yields 6 Watch that basket! Understanding the risk profile of assets and liabilities 8 Influencing the outcome Three keys to a successful Asian equities investment strategy 10-12 Roundtable: Opportunities amid the risks Panel discusses options for investors209 words
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Advertisement152 2011-03-30 3 Discover how opening doors has led to us being named Best Private Bank in Asia 1 i i "i Many of our clients are looking for alternative and innovative investments. Our commitment to find these opportunities for our clients has led to us being named Best Private Bank in Asia152 words
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Advertisement117 2011-03-30 5 CREDIT SUISSE I'rV Your future R 11 Credit Suisse. Winner of Euromoney's 2011 Survey: "Best Private Bank Globally" for 2 consecutive years in 2010, 2011 "Best Private Bank in Australia" "Best Private Bank in Singapore" for 3 consecutive years in 2009, 2010, 2011 "Best Private Bank in Switzerland" for 3117 words
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Page 7 Advertisements
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Advertisement91 2011-03-30 7 We help you to protect, grow and pass on your wealth. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we forge a lasting relationship based on trust and help you build an enduring legacy. Face the future with peace of mind.91 words
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Page 9 Advertisements
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Advertisement74 2011-03-30 9 Deutsche Bank Private Wealth Management ES% &A z [T E s ai Worldwide strengthTias never been this personal P&r-fbYm, Wr For more information: www.db.com. This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. The services described in this advertisement are74 words
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Page 13 Advertisements
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Advertisement79 2011-03-30 13 H ABNAMRO Private Banking The world may have changed but our commitment to our clients has not. At ABN AMRO Private Banking, we believe some things should remain. Putting our clients' interests at heart. Serving with commitment and passion. This has been the cornerstone of our service. Year after year,79 words
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Advertisement172 2011-03-30 15 ELGOME \i_K/ liAAbl LAM BBIHHh to M p I f n 1 vr n 1 r r 1 r I J i/r e 1 i R i s^n x T W V j IV 3Si JS? BANKING At Maybank Affluent Banking, there is nothing more important than building relationships and172 words
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Advertisement83 2011-03-30 19 One who cares is one who listens. For you, your family and your business, we strive to preserve and grow your wealth today, and for generations to come. We go beyond pure wealth management, taking the time to listen and to understand your unique aspirations and requirements. UBS was named83 words
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Page 23 Advertisements
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Advertisement217 2011-03-30 23 lam looking for the best Private Bank in Singapore Best Local Private Bank in Singapore for 5 consecutive years Euromoney Private Banking Poll (2007-2011) Best Private Bank in Singapore Global Private Banking Awards 2010 The Banker and Professional Wealth Management Best Domestic Private Bank in Singapore Asiamoney Private Banking Poll217 words
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Advertisement37 2011-03-30 25 Tradition in Private For us, private banking means drawing on tradition to create new value. Also for you: +65 6532 5325 or www.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore swiss Private banking since 1755 Registration No. T05FC6718B-PTE-0137 words
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Advertisement148 2011-03-30 27 SAAB move your mind Many happy returns. In case you haven't heard, Saab has entered a new era. Our rebirth in Feb 2010 was nothing short of a phenomenal success. The unveiling of the all-new Saab 9-5 was only the beginning of a slew of exciting new models in the148 words
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Advertisement191 2011-03-30 29 X X s& IT V r 4 ss ■■.-> AM ttKJ NS ?0 V* SKfe x r. SLJgfc T 0 <•» /J i tf 7 V/ r i V v K X m rr Iff V> 2f V4. .i'ft v-"* ■P'f V •Wr fX V *3 v.- > V )U191 words
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Advertisement222 2011-03-30 35 BANKOFSINGAPORE International Private Banking Having a wealth of expertise has won us the invaluable trust of clients. And the much-valued 'Best Private Bank Singapore 2010' award. '■I« BEST PRIVATE BANK FOR RANGE OF INVESTMENT PRODUCTS PHILIPPINES, 2010 ■wrj BEST PRIVATE BANK FOR RELATIONSHIP MANAGEMENT PHILIPPINES, 2010 > > FinanceAsia COUNTRY222 words
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Advertisement160 2011-03-30 36 m wmwm 1. DREAM 2. BUILD 3. DREAM WEALTH. WHAT'S IT TO YOU? After your dream becomes a success, what do you do? You may want to venture into something new or expand your existing horizons. Whatever your goals, we make sure the focus is firmly on you, putting you160 words
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