The Business Times, 10 March 2008

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Total Pages: 30
1 30 The Business Times
  • 26 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg mS* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Monday, March 10,2008
    26 words
  • 561 1  -  SIOW LI SEN Banks cut fixed deposit rates; but cautious investors stay liquid in face of market volatility [SINGAPORE] Cash-rich Singaporeans averse to risky alternatives are in an unhappy spot of having their savings eroded by inflation. Not only is inflation clearly on the rise
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  • 669 1  -  X KESAVAPANY By IN A confounding repudiation of conservative pundits who had predicted otherwise, Malaysia's ruling coalition, the Barisan Nasional (BN), has failed to secure a two-thirds majority in the country's 12th general election. Although the BN's simple majority enables it to form the
    Photo: AP  -  669 words
  • MARKETS DIGEST
    • 52 1 iT Index 2,866.28 -160.17 ICOMP 1,296.33 -61.07 IIKKEI 225 12,782.80 -820.22 JANG SENG 22,501.33 -1830.34 ;et index 821.57 -24.19 JAKARTA COM P 2,656.46 -65.48 1ANILACOMP 3,028.73 -101.26 ;eoulcomp 1,663.97 -47.65 ;henzhen B 632.73 -2.19 IUMBAI IND 15,975.52 -1603.20 )OW 11,893.69 -372.70 IASDAQ 2,212.49 -58.99 l&P 500 1,293.37 -37.26 TSE
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    • 29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.555 TAIWAN 6.236 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.25 SWITZERLAND 4.11 INDIA 12.25 Source: Bloomberg
      Bloomberg  -  29 words
    • 41 1 IS$ (S$ ier US$) 1.381 (US$/S$ per 2.014 2.792 ;URO(US$/S$/E) 1.539 2.133 'EN 102.4 73.9I 3.168 2.28I N<$ 7.784 5.61 !AHT 31.52 22.7. lUPIAH 9,060 6,53; 1ENMINBI 7.107 5.12. INDIAN RUPEE 40.61 29.31 1.074 0.77 1 IZ$ 1.254 0.90 1
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  • 323 1 Bloomberg [KUALA LUMPUR] Malaysia's three main opposition parties plan to drop an af-firmative-action policy favouring the majority ethnic Malays in central Selangor state after winning control of the country's most populous region. The state, home to federal capital Kuala Lumpur and the
    – Bloomberg  -  323 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 51 1 BANK BONUSES ~Jf**\M DINING 0UT COMMENTARY BizlT Mtl\ Thinner envelopes ~vf —W-Fried eggs on When analysts Growth in local contact 1 H this year jk toast any time get it wrong centres lading f PAGE 2 PAGE 13 PAGE 3 PAGE 30 J& I I BUDGET TALK TALE OF TWO
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 67 2 INDONESIAN palm oil plantation and mill owner First Resources issued a clarification yesterday in response to news that the Corruption Eradication Commission of Indonesia had seized and would auction three of its properties there. It believes that the action by the commission was in relation
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      • 80 2 LUXURY hotel group Mandarin Oriental International Ltd says it may see weaker demand this year, particularly in the US, though it should be bolstered by the limited supply of luxury hotels its strategic focus in certain cities. While the US could see a
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      • 74 2 PRIME Minister Lee Hsien Loong reiterated the objectives of the recent Budget at a grassroots event yesterday, after noting that the public had put less emphasis on the "long-term initiatives". "The assumption which some people had is that we are now rich and
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      • 66 2 The US should be able to escape recession this year despite accelerating signs of a slowdown there and continuing turmoil in financial markets, according to Asian Development Bank president Haruhiko Kuroda. He also predicted that growth in Asia would slow only moderately
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      • 62 2 MALAYSIA'S Opposition moved to reassure investors, both local and foreign, that there would be no major policy changes in the states it took over in last Saturday's general election. Even so, investors expect the stock market to react negatively to the news that the Front
        62 words
      • 79 2 INDIA'S position as the No 1 low-cost outsourcing destination is under threat, with China, Morocco and eastern European nations such as Hungary emerging as the sought-after locations by information technology (IT) services providers, a recent study has shown. The study by
        79 words
    • 910 2  -  CHOW PENN NEE Most people now open to local bank jobs as sub-prime hits foreign lenders [SINGAPORE] The subprime crisis has been blamed for many things such as credit tightening, a looming US recession, and plunging stock markets worldwide. Now, it has also
      910 words
    • 678 2 -NYT Chilling stories, even from top Microsoft execs, tell the truth [NEW YORK] One year after the birth of Windows Vista, why do so many Windows XP users still decline to "upgrade"? Microsoft says high prices have been the
      -NYT; FILE PHOTO  -  678 words
  • Page 2 Advertisements
    • 455 2 people Your search WOrR ends here. www.thepeopleatwork.com Asia-Pacific Executive Search "1 J Online registration JUeloitte s oeminars FRS 107 Financial Instruments: Disclosures Date 19 March 2008, Wednesday or 16 April 2008, Wednesday Time 9.00 am to 12.30 pm Venue Singapore Marriott Hotel, 320 Orchard Road Cost ***** per participant for
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  • COMPANY NEWS
    • 723 3  -  CONRAD RAJ WHILE most analysts provide invaluable advice to investors, there are some who are not only extremely sloppy in their work but do a disservice to the industry. For example, take a recent report from CIMB on Hersing, the local franchise holder
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    • 408 3  -  ARTHUR SIM It says Commission's action relates to co-founder who is no longer involved with the firm INDONESIAN palm oil plantation and mill owner First Resources issued a clarification yesterday in response to news that the Corruption Eradication Commission of Indonesia had seized and would
      408 words
    • 378 3  -  NISHA RAMCHANDANI LUXURY hotel group Mandarin Oriental International Ltd says it may see weaker demand this year, particularly in the United States, though it should be bolstered by the limited supply of luxury hotels its strategic focus in certain cities. While the
      378 words
  • Page 3 Advertisements
    • 133 3 LUXURY TOURS TRAVEL PTE LTD /^rtfVP VftV^v The Lading Operator t ftJSJJUjJJLA^^B) Established since 1985 100 Orchard Rd #02-40 Meridian Shopping Centre Exclusive Coach Singapore *****0 Email; luxtur@slngnet.com.sg Subsidiary: LUXURY COACH SERVICE Website: www.luxury.com.sg Member of NATAS M 40 coaches available for charter Singapore Malaysia -^______^__B__________r __B_i__^i^^H^^^ ?6 Sea.er Coaches
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    • 618 3 KailUhHUUf Singapore United Asia Fund Equity Asia Pacific Ex Japan Fund Over 10 Years United Global Healthcare Fund Equity Sector Pharmaceuticals Health Care Fund Over 3 5 Years United Millennium Trust 111 Mixed Asset SGD Aggressive Over 3 Years UOB Optimix Contrarian Fund Equity Global Fund Over 3 Years Malaysia
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  • SINGAPORE MARKETS
    • 701 4  -  R SIVANITHY STOCKS YOU'D have to wonder whether a panicstricken US Federal Reserve, already under heavy fire for mismanaging the economy, might react to last Friday's shocking payroll report by slashing interest rates before the next scheduled Federal Open Markets
      701 words
    • 483 4 -AFP CURRENCIES [HONG KONG] Asian currencies were mostly up against the struggling US dollar amid ongoing concerns about the poor health of the US economy and credit markets. Japanese yen: The yen soared to a three-year high against the dollar in Tokyo amid growing
      -AFP  -  483 words
    • 557 4 Payment (cts) Ex Books Pay date close date action Asia ak 0.500 06-May 08-May 20-May Jvance lay raa ___U ireen \sse\ Tay ■unc Wifeci aw TaT w sys w w !rwn in SeT Tan" Tar .eon i "eel Tun" Fun" lani inne an an aw Tar I room
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    • 177 4 -AFP COMMODITIES [LONDON] Oil, gold, platinum and copper prices rocketed to record highs last week, boosted by weak supplies and fervent demand stemming from the weak dollar and the darkening US economic outlook, traders said. Oil: World oil prices surged to a fresh record high
      -AFP  -  177 words
    • 1937 4 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name advance SCT Ltd 2.50 1.50 2 7.15 4.69 0.50 0.32 .llco Commercial REIT 1.75 1.75 7.00 11.71 1.27 0.80 111 ireen Pro Ltd 2.33 2.70 11.05
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    • 4 4 WEEKLY
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    • 54 4 Mar 7 VALUE CLOSE -1158.00-205.00 BT OB/OS BT CADI -*****.00-260.00 BT 10-day MA -*****.00-115.00 FTSE ST Mid Cap 757.76 -13.52 FTSE ST Small Cap 648.78 -16.49 FTSE ST All Share 743.49 -14.08 FTSE ST China 467.01 -13.67 UOB Catalist 155.54 -2.03 SiMSCI 352.96 -6.63 SiMSCI Future 351.00
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    • 54 4 VOLUME Yangzijiang 264,435,000 Global Voice 200,264,000 Golden Agri 165,804,000 FirstRes 150,962,000 Cosco Corp 138,949,000 Synear 125,842,000 SingTel 113,380,000 Sapphire 103,672,000 Gems TV 83,166,000 Jasper 82,262,000 VALUE(S) DBS Grp 528,910,855 Cosco Corp 506,913,668 CapitaLand 465,131,544 SGX 441,724,997 SingTel 419,836,045 OCBC Bk 358,799,061 UOB 334,207,346 Keppel Corp 327,228,070 Yangzijiang
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    • 116 4 BY CENTS CLOSE UP ChODBeCW*****6 1 US$ ***** 27.01 0 1364 WBL Con 536 61.0 12.: JMH 2812 30.5 0.8 STI 3450 DBePW*****2 123 26.0 26.8 Cai iitalanBNPePW***** 50 21.0 72.. SGX BNP ePW*****7 93 21.0 29.2 Cai iitalanMBLePW***** 58.5 20.0 51.9 STI 3300SGAePW*****8 68 19.0 38.8 STI 3700
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    • 117 4 Closing prices are in trading currencies, but absolute difference is in Ss. China H 10US$ BY CENTS CLOSE DOWN 1614-232.7 -9.4 Jardine C&C 1920-230.0 -10.7 GLD 10US 9680-166.2 -1.2 OCBCCa i.93%Pref10 *****-150.0 -1.1 SGX 716-123.0 -14.7 Cifr 1080-116.0 -9.7 ISMSCI India 100 744-101.1 -8.9 Kej Cori 995 -83.0 -7.7
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    • 87 4 Source: Reuters Mar 7 CLOSE CHNG FR Mar 6 YR 2008/07 S$ LOW S$ HIGH USS 1.3865 -0.04 1.5479 1.3835® Euro 2.1341 -0.39 2.1639 1.9913 Pounds 2.7912 -0.85 3.1194 2.7390 AS 1.2940 0.28 1.3555 1.1741 Yen* 1.3593 -1.40 1.3821 1.2285 Rill liah* 0.***** -0.09 0.***** 0.*****
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  • SINGAPORE NEWS
    • 544 5  -  ARTHUR SIM What can go up can also go down, cautions PM Lee PRIME Minister Lee Hsien Loong reiterated the objectives of the recent Budget at a grassroots event yesterday, after noting that the public had put less emphasis on the "long-term initiatives"
      544 words
    • 482 5  -  ARTHUR SIM It will rent 54,000 sq ft at ex-Pasir Panjang ITE AFTER growing its headcount by over 20 per cent last year, Deutsche Bank says that it will increase its office space needs here by another 54,000 square feet. Speaking to BT, Deutsche
      482 words
    • 775 6  -  GENEVIEVE CUA Course teaches how to engage in crucial conversations with your boss, peers IF you discover a quality issue in your firm, or are struggling with a project that seems bereft of leadership, would you hunker down in silence or speak up? Having that
      ARTHUR LEE  -  775 words
    • 340 6  -  GENEVIEVE CUA US corporate trainer Vital Smarts, which created the Crucial Conversations training programme, has identified five common problems that are the most costly barriers to project success. The firm's study Silence Fails finds that the five problems "are not a project death sentence, but
      340 words
  • Page 5 Advertisements
    • 64 5 SELLING NICKEL ORE I Specifications: of Origin: Indonesia PHMfI|BIMPP||IH Fe( Ferrum) 30% Quantity:3o.ooo-50.000MT/month^ Tota mois i ure :30% Only for serious buyers, please contact: Ernawati (62) 0813 *****061 Joey Lee (65) *****345 or (65) *****435 Lianhe Zaobaol With turnover I of more than $1 b I ST Electronics I is
      64 words
    • 96 5 Jm r w t Since 2006, the Tripartite Alliance for Fair Employment Practices (TAFEP) has been promoting fair and merit-based employment practices in Singapore. i _^^__r^_r^^^^^^^^^^B Ideal candidates should: Use relevant selection criteria for the job Hire and reward employees based on merit Treat employees fairly and with respect Attractive
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  • Page 6 Advertisements
    • 338 6 I One Idea Can Change Your World I UrbSntOrU-Tl ENHANCING YOUR LEADERSHIP Cl/TT T C A Unique Learning 3J\JL I .1 a3 Experience! How make Benefit from our Communication Catalyst's expertise good Ms Ricky Nowak, author of 'How to Make Good People PTP.r) t GreatLeaders' 'and leave with powerful and
      338 words
    • 214 6 One Idea Can Change Your World I U rbSnTOrUITI i^^BJf of the box' L__ I YALE UNIVERSITY, USA Dy LI 111 nOW educator and psychologist 31 MARCH 2008 1 &2 APRIL 2008 LEADERSHIP CHALLENGE: CRITICAL THINKING: Why Emotional Intelligence Making the Right Moves Makes the Difference GRAND HYATT SINGAPORE TAXE
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  • Page 7 Advertisements
    • 32 7 tKBrSt ooBBHII jmBHHHhI v 'rrrSTI sKW M*WP|PypMJWBM ■BBBl2'lftl£*^' t^BBH I B^^TlEt^Bbl H| BF^lPb^^B^bl W Ittß II m JH» SinGAPORE AIRLinES A great way to fly A STAR ALLIANCE MEMBER y T"" t:.
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  • VIEWS FROM THE TOP
    • 3587 8 THIS WEEK'S TOPIC: Do the changes in its recent Budget give Hong Kong a competitive edge vis-a-vis Singapore in the race to attract foreign talent and investment? What can companies here do to sharpen their edge? Beyond taxes David Miller President of Asia-Pacific Senior Vice-President Lenovo
      AFP  -  3,587 words

  • Page 9 Advertisements
    • 35 9 Experience a myriad gustation of J Jfj*^ exquisite traditional Cantonese cuisine jihuiei that will linger on a ir I Chinese Restaurant I \tvdulge in our signature i^ o i^i^^^^ GarJic Chicken a \K^ compliments frottv^
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  • SINGAPORE MARKETS
    • 1484 10  -  TEH HOOI LING THE slow but sure meltdown of the stock markets around the world continued; and developments over the weekend those on Wall Street and across the Causeway are further reasons to argue why selling will continue this week. In New York, the
      1,484 words
    • 1430 10  -  ROBERT HALILI INSIDE MARKETS By I BUYING surged for the second straight week with 71 companies recording 207 purchases filings with the Singapore Exchange in the first week of March showed. The figures were sharply up from the previous
      Insider Limited  -  1,430 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1015 11 In the quest for scientific discoveries, and capitalising on them, you need a lot of help along the way. SIM MENG KWOON provides signposts on that path FAMOUS biomedical innovations are often cited as sharp observations of serendipitous discoveries. For example: Alexander Fleming
      1,015 words
    • 717 11 CAMPUS LIFE Students given real-life situation on marketing education loans in Singapore, reports CHARM lAN KOK FOR exactly 20 hours, 16 teams of undergraduate students from all around Singapore were holed up at the Singapore Management University (SMU) cracking their heads over one of their
      JOSEPH NAIR  -  717 words
    • 204 11 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 11 Advertisements
    • 46 11 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • DINING OUT
    • 548 12  -  Cheah Ui-Hoon NEW MENU Prive at Keppel Bay 2 Keppel Bay Vista, Marina at Keppel Bay Tel: 6776-0777 NOT content with just offering a daily set lunch (two courses for $32+ or three courses for $38++), Prive has introduced a Most Magnificent Lunch
      548 words
  • Page 12 Advertisements
    • 1142 12 ifhi UNIONMET (SINGAPORE) LIMITED (Incorporated in Singapore) (Co. Regn No. *****9104W) NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNIONMET (SINGAPORE) LIMITED (the "Company") will be held at Amara Hotel Singapore, Connection 3, Level 3,165 Tanjong Pagar Road, Singapore *****9 on Friday, 28 March 2008 at 10.00 am
      1,142 words

  • dining out with citibank
    • 818 13  -  JAIME EE POWER Lunch BY day, his work is to make science accessible to the layman, but if Chew Tuan Chiong, CEO of the Singapore Science Centre, helmed an institute of food, he would have dieters going weak-kneed at the way
      ARTHUR LEE  -  818 words
    • 626 13  -  Jaime Ec NEW MENU Lao Beijing #02-11/12 Novena Square. Tel: 6358-4466 #02-12 Tiong Bahru Plaza. Tel: 6376-4466 #03-01 Plaza Singapura. Tel: 6738-7207 WHEN you're in the mood for some robust Chinese cooking redolent with spices and rich gravies to be mopped up with rice or buns,
      626 words
  • Page 13 Advertisements
    • 38 13 Brought to you by citibank IN I ijJßl'l. ill I E'rC LJ Your Citibank guide to gourmet pleasures this week f )H MX 1 imu. _i Bg *ksß f■ —a t::::i._^__ra _t;;,_-- %^l Wl k-/wl I I I
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    • 23 13 ___F^«i/TirJiM« Indulge in over 700 gourmet pleasures with your Citibank Credit Card. For more gourmet treats, visit: citibank.com.sg I Mobile Gourmet I^_tl citibank.com.sg/singapore/gpmobile
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  • Page 14 Advertisements
    • 486 14 f o»*~ Acerinox Group Announcement p| I ACERINOX, SJL and NISSHIN STEEL I decide to build a new stainless steel production plant in Malaysia ACERINOX, S.A. and NISSHIN STEEL have fIPEIIIUfIII For th'S ProJect a new societY wiM decided, after having carried out a fIULIII lIHIfI be incorporated in Malaysia,
      486 words

  • ECONOMY WATCH
    • 664 15  -  ANTHONY ROWLEY Asian growth will slow moderately, he adds; inflation will be biggest concern THE US economy should be able to escape recession this year despite accelerating signs of a slowdown there and continuing turmoil in financial markets, according to Asian Development
      FILE PHOTO  -  664 words
    • 309 15 Bloomberg. [WASHINGTON] Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, has called for "sweeping changes" in the business methods of financial institutions and in banking regulation in the United States to prevent future financial crises. The US is relying
      – Bloomberg.  -  309 words
    • 352 15 Uar7 URODOLLAR FUTURES Vlar08 Iun08 >ep08 3ec08 97.225 97.690 97.825 97.785 0 0 0 0 ***** ***** ***** 7036 EUROYEN FUTURES Vlar08 99.135 99.140 Iun08 99.270 99.270 iep08 99.400 99.405B 3ec08 99.420 99.425B Vlar09 99.400 99.405B Iun09 99.360B iep09 99.285B 3ec09 99.135 99.230A 99.355A 99.370 99.350 99.305A
      352 words
    • 399 15 Mar 7 CBC Bank N.V 5.5 .and Bank of Taiwan 6 .andesbank Baden-Wuerttemberg 6 JoydsTSB Bank Pic 6.25 vlaybank 5.25 vlega Inter'l Commercial Bank Co Ltd 5.75 Mitsubishi UFJ Trust Banking Corp, 6 vlizuho Corporate Bank Ltd 6 National Aust Bank 6.25 National Bank of Kuwait 5.75
      399 words
    • 372 15 -Reuters [PARIS] Top central bankers voiced concern last Friday over surging food and energy prices their latest big challenge as globalisation unsettles the balance of supply and demand. At a conference here, central bankers from rising economic powers such as China and India as
      -Reuters; BLOOMBERG  -  372 words
    • 543 15 Reuters Bond insurer Ambac fights on by selling stock at a discount [NEW YORK] The US Federal Reserve sought on Friday to halt credit markets' spiral of fear with an offer of more liquidity, while a major bond insurer fought to stave
      – Reuters  -  543 words
  • Page 15 Advertisements
    • 103 15 If you are in any of these situations: ~^^^^"^^L^. You are entrusted to set up new business in Singapore, either with overseas or local partners, and don't know how and where to begin You want to focus on growing your business, you need a trusted partner to help keep watch
      103 words

  • MALAYSIA ELECTIONS
    • 950 16  -  S JAYASANKARAN COMMENTARY Abdullah under pressure as old order gives way; investors seek assurance on business policies MALAYSIA'S Opposition moved to reassure investors, both local and foreign, that there would be no major policy changes in the states it took over in last Saturday's general
      950 words
    • 811 16  -  PAULINE NG MALAYSIA INSIGHT The big swing in its favour was due to many frustrated M'sians deciding 'anything but BN'. Now, it must deliver EVEN if the opposition parties had been confident, they and, for that matter, the ruling National Front
      811 words
    • 702 16 Reuters Investors have mixed views on the future of M'sia [KUALA LUMPUR] Malaysia's share market is expected to slide today, gripped by political uncertainty after voters stunned the government with a massive protest vote. Brokers and fund managers said Malaysian
      Reuters; AFP  -  702 words
    • 122 16 tod name lose range rLand 5.700 -0.150 iMall 3.050 -0.060 jt 10.800 -0.300 Cosco Co 3.590 -0.100 iBS Gr| 16.680 -0.320 :SN 4.620 -0.080 ient Intl 0.610 -0.010 KLand 4.420 ISH 16.120 -0.220 lardine CSC 19.200 -0.620 tod name lose range K?J il Cori 9.950 -0.270
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    • 99 16 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 2 16 0 0 0 0 2 16 0 Manufacturini 46 163 25 27 11 55 190 36 Commerce 65 12 15 80 17 r/C. ims 32 35 Finance 30 30 Construction 17
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    • 120 16 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 148.836 148.836 746.751 746.751 Manufacturini 1.480.754 169.678 1.650.432 1.393.773 21.121 1.414.894 Commerce 308.985 16.951 325.936 310.391 2.277 312.668 7Stor/Comms 542.862 1.835 544.697 1.554.095 565 1.554.661 Finance 222.830 40 222.870 1.766.549 1.766.557 Construction 168.966 201.186 370.152 42.785 23.762 66.547 Pror
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  • INDIA
    • 380 17 -AFP Communist allies' opposition a 'known position': minister [NEW DELHI] India's foreign minister last Saturday ruled out early polls after new threats by the government's communist allies to withdraw their support if the ruling party concludes a nuclear pact with Washington. Describing the
      -AFP; REUTERS  -  380 words
    • 439 17  -  SIDDHARTH SRIVASTAVA China, Morocco and E Europe among new locations for global IT services providers By in New Delhi INDIA'S position as the No. 1 low-cost outsourcing destination is under threat, with China, Morocco and eastern European nations such as Hungary
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  • Page 17 Advertisements
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    • 359 17 Frustrated by slow network or Internet access in your office? Worried about the confidentiality and integrity of your data? Concerned about security when you transact over the Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? Wondering if you can prevent your staff from
      359 words

  • GREATER CHINA
    • 507 18 AFP Reports of bank's estimate trigger speculation of interest rate hike [BEIJING] China's inflation likely hit a new 11-year high of 8.3 per cent last month on the back of rising food prices, state media reported yesterday, triggering speculation
      AFP; AP  -  507 words
    • 217 18 Reuters [BEIJING] China has taken applications from many foreign institutions hoping to invest in the country's domestic stock market, and regulators will gradually handle the applications, the foreign exchange regulator said last Saturday. Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE),
      Reuters  -  217 words
    • 264 18 They also contribute one-third of the country's tax revenues [BEIJING] China's "new social stratum", which consists of an estimated 75 million people, owns or manages about 10 trillion yuan (551.95 trillion) of capital, according to a bulletin issued by the country's
      264 words
    • 318 18 AFP 20m new jobseekers expected every year: labour minister [BEIJING] China's labour minister yesterday admitted that the booming economy faced a "very severe" unemployment situation as millions of new jobseekers join the market every year. The flood of new entrants in both urban and rural
      AFP  -  318 words
    • 295 18 Reuters [HONG KONG] Hong Kong, Macau and the southern Chinese province of Guangdong have reached an agreement on the partial funding of a bridge linking the three, a project that will cost a total 42.2 billion yuan (SsB.2 billion), media reported. The South
      – Reuters  -  295 words
    • 2831 18 Transaction date: Mar 7 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day IONG KONG Vol 'OOP HK$ ;on Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific lank Of E Asia leida Jade
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  • ASIA-PACIFIC/WORLD
    • 428 19 Reuters, Bloomberg They may take a hit of USs32sb due to declining sub-prime US mortgages [NEW YORK] Wall Street banks are facing a "systemic margin call" that may deplete banks of US$325 billion of capital due to deteriorating sub-prime US mortgages,
      – Reuters, Bloomberg  -  428 words
    • 443 19 -AP [GLENEAGLES, Scotland] Dubai International Capital (DIC) agreed late on Friday to become a minority partner in Liverpool and is now locked in negotiations to purchase a 49 per cent stake in the Premier League club. After initially rebuffing the concept, the UAE
      -AP; AFP  -  443 words
    • 216 19 -AP [CASPER, Wyoming] Barack Obama easily defeated Hillary Rodham Clinton in Wyoming's caucuses, recapturing some momentum after his rival's earlier upset wins in a fierce tug-of-war for the Democratic White House nomination that could drag on for months. Mr Obama won 61 per cent,
      -AP  -  216 words
    • 393 19 "WHAT an amazingly exciting race this is turning out to be," says Joff Bailey, race director. "The surfing and speeds that the teams are achieving is equalled only in the Southern Ocean." As the close racing continues, Hull Humber has managed to eke out a small
      Photo: ONEDITION  -  393 words
    • 396 19 Reuters, Bloomberg [PARIS] Merrill Lynch Co will not need to return to the market again following the turbulence in credit markets that forced it to raise nearly US$l3 billion, its chief executive was quoted as saying. In an interview with France's Le Figaro newspaper
      Reuters, Bloomberg  -  396 words
  • Page 19 Advertisements
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      909 words

  • WORLD
    • 305 20 -AP It's unclear whether anyone will ultimately be charged with a crime [WASHINGTON] US federal authorities have opened a criminal inquiry into Countrywide Financial for suspected securities fraud as part of the continuing fallout over the mortgage crisis, government officials with knowledge of the
      -AP  -  305 words
    • 632 20 LAT-WP Dow, S&P still remain above bear market threshold despite plunge [NEW YORK] Recession may well be here, given the dismal February employment report last Friday. But on Wall Street, many investors still are having a hard time deciding how worried they should be.
      LAT-WP; AP  -  632 words
    • 500 20 -NYT [TOKYO] The Nikkei average of Japanese stocks sank below 13,000 points this week, sending its loss over the preceding 12 months past 20 per cent. You can blame the weak dollar and a weak US economy, which curtails demand for Japanese goods.
      -NYT  -  500 words
  • Page 20 Advertisements
    • 2216 20 In the Matter of the Companies Act, Cap. 50 PPV Ml [S<Klion 2°O[2)(b|] lUl'TiiT^W^lTffifflTiWTrri^™ And I LUll I H^U I IjlJ 11 H LIJ I I In the Matter of ■I^BBMMIBIIBHBHUHMIHMIIH leisure tours private limited (In Members' Voluntary Liquidation] Ist1 st SOFTWARE CORPORATION LTD 'notSresclutZs 3 (Incorporated in the Republic
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  • AVIATION/SHIPPING
    • 239 21 -Rev- [PARIS] France's port and dock union, part of the CGT federation, said on Saturday that it had suspended plans for a two-day strike to protest planned reforms of French state-owned ports. In a statement, the union said that it made its decision after
      -Rev  -  239 words
    • 2480 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bourac -irhnes (BOU), BR:
      2,480 words
    • 394 21 Bloomberg The money will help to repay debt, fund expansion, compete with foreign airlines [SHANGHAI] China Southern Airlines Co, the nation's largest carrier by fleet, is seeking a capital injection of as much as 40 billion yuan (Ss7.B billion) from the government
      – Bloomberg; FILE PHOTO  -  394 words
    • 573 21 Reuters Analysts see next govt presiding over the carrier's demise [ROME] Italy's nearly bankrupt national airline is becoming an emotional election issue ahead of April's vote, with politicians sparring over and bemoaning plans to sell it to the French. A symbol of
      – Reuters  -  573 words
    • 362 21 Bloomberg [BOSTON] Boeing Co, which has already twice delayed its new 787 Dreamliner, may further postpone delivery of the aircraft by several months to the second half of 2009, according to Goldman Sachs Group Inc analyst Richard Safran. The initial powering up of
      – Bloomberg  -  362 words
  • Page 21 Advertisements
    • 180 21 We invite suitably qualified and experienced personnel for the following appointments OPERATIONS SUPERINTENDENT (Tinker Fleet) k Working experience in Tanker Operations, supervision of loading/ discharging, safety audit, etc., Knowledge of Charter Parties, laytime calculations and ability to independently liaise with Charterers, Agents, Terminals and Brokers on cargo operations etc., (but
      180 words
  • Page 21 Miscellaneous
    • 368 21 CRYPTIC CROSSWORD ACROSS 1 Cold containers for bubbly 1 2 3 4 M 6 7 8 5 Impose conviction admitting '^H fl^^^^^l '^H I^H (6) 9 Wavering on diet? Be discip- 9 H"-1 lined (8) 10 Ethnic problem around Britain(6) 12 j 12 Get garage to fix heap? (9) L^^
      368 words

  • SINGAPORE STOCKS
    • 8922 22 Week ended: Mar 7 52-wks Tel |h Low Code Last Sale Vol ('000) Hii Week Last Quote Div GrYld Net |h Low Buyer Seller C'vr P/E MCap $mil Hii Com| 5716 1st Software 22 6.5 3148 STelecom 28.5 10.5 5834 A-Sonic 107 98.5 6389 ABF SG Bond ETF
      8,922 words
    • 69 22 _Hm Low Code Com Sale COOP) _Hm Low Bu' Seller C'vr P/E $mil 200 116 6065 Diamonds US200d 250 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** ***** 6170 SPDRS US6200 US1000 US***** US*****d 60 100 100 100
      69 words
    • 2173 22 52-Wk Tel High Low Code Last Sale Vol Cooo) Week Last Quote Div GrYld Net MCap ih Low Buyer Seller C'vr P/E $mil Comi >an< Hii 30 11.5 1181 s AAGrp 41.5 18 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System
      2,173 words
    • 264 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      264 words

  • FINANCE & COMMODITIES
    • 366 23 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar 7 World Index Preliminary 982.3 -1.2 -13.2 -1.2 -14.3 -1.1 -11.1 EAFE Prel lim inan 946.4 -1.8 -15.5 -1.8 -14.5 -1.8 -11.: Euro[ Preliminary 1311.1 -1.2 -15.0 -1.2 -14.7 -1.1 -11..
      366 words
    • 133 23 As at 9am Mar 7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2830 1.2980 Can dollar 1.4030 1.4190 Euro 2.1240 2.1480 NZ dollar 1.0970 1.1210 jterlin iund 2.7790 2.8101 US dollar 1.3810 1.3970 Local dollars to 100 units of foreign
      133 words
    • 158 23 Mar 7 Overnight 3/8 1-month 1 1/8 2-months 1 9/32 3-months 1 11/32 Overnight mode: 1/2 US$ Offer 1/4 1 1 5/32 1 7/32 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.13 3.05 3.03 3.02 2.90 2.85 2.85 Offer
      158 words
    • 26 23 Mar 7 ten Hii ih Sett STI SIMSCI Mar 352.9 354.1 351 Taiwan Mar 336.1 336.6 331.3 Source: MF Global (S) Pte. Ltd
      26 words
    • 21 23 Mar S$ Bid Offer 1-month 1.3827 1.3842 2-months 1.3807 1.3822 3-months 1.3794 1.381 6-months 1.3755 1.3771 Source: OCBC
      21 words
    • 164 23 MM 11 Kb AIM K. lUKKtnilY KM It: Against SS Currencies Bid Offer _> Mar 7 Against USS Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2895 1.2910 0.9309 0.9311 Canadian dollar 1.4086 1.4102 1.0169 1.0171 Euro 2.1313 2.1338 1.5386 1.5390 NZ dollar 1.1046
      164 words
    • 282 23 Mar 7 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Apr 08 May 08 Jun 08 Jul/Sep 08 Oct/Dec 08 Jan/Mar 09 389.25 392.00 393.50 393.25 392.50 394.25 RSS 3 (US cents/kg) Month Hig gh Low Sett Volume (tonnes)
      282 words
    • 101 23 Mar 7 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low MarO8 1341.00 1443.00 1405.00 1341.00 May 08 1408.75 1458.75 1423.00 1408.75 Jul 08 1421.00 1471.00 1436.00 1421.00 AugO8 1410.00 1460.00 1417.00 1410.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low ih/Low Mar 08 60.25 63.70 62.50 60.25 May
      101 words
    • 77 23 CRUDE OIL PRODUCTS Mar 6 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 102.43 2.05 WTI (Near Mth) 105.54 1.09 Dubai (1-Mth F) 96.18 2.77 Tapis blend 108.25 3.4 Minas 104.6 3.6 PRODUCT US$/barrel (FOB S'pore) Close Change re). Naphtha Jet Kerosene 97.77 121.80 2.27 4.5 US$/barrel Opec
      77 words
    • 468 23 Mar 7 AS_ CS Rmb Euro HKS Ind Rs Rut Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound US! Australia 0.915 6.616 0.605 7.247 37.808 84.349 0.954 8.915 2.949 1.167 58.276 38.027 1.290 7.446 0.952 28.582 29.345 0.462 0.931 Canada 1.092 7.227
      468 words
    • 90 23 Mar 7 IKtASUI.. BILLS Period Issue code Maturity Yesterday's Bid Hii Day's |h Low 3-Month BQ*****N 05.06.08 1-Year BY*****A 29.09.08 1.22 1.25 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N*****0F 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
    • 76 23 Mar 7 1 mth 3.***** 1.***** 2 mths 3.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      76 words
    • 62 23 Mar 7 Delivery Month Opening Sett Av Range Price Price Hie Low Vol Open Done Position Mar 08 3834 3684 3845 3823 21 883 Apr 08 3810 3707 3872 3688 2905 6957 May 08 3730 3710 3880 3691 ***** ***** Jun 08 3794 3705 3872 3693 3360 9270
      62 words
    • 140 23 Mar 7 (US! f/oz) Mar 07 Mar 06 Hong Kong London 977.40 988.30 978.40 989.30 Mar 07 Mar 05 975.40 983.60 976.30 984.50 Source: Reuters CAST BAR (SS) Mar 07 Buying Sellini Kilobar "46,857.44" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      140 words
    • 68 23 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 3189.20 3170.00 3 months 3227.00 3208.00 Copper, Grade A (USS/tonne) Cash 3 months 8640.00 8545.00 8648.00 8555.00 Lead (USS/tonne) Cash 3096.00 3 months 3090.00 3237.00 3240.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3 months *****.00
      68 words
    • 78 23 Mar 7 COCOA (Btonne) Close Prev Hit h/Low Mar 08 1356 1355 1361/1329 May 08 1394 1390 1397/1364 JulO8 1432 1428 1435/1402 SepO8 1397 1393 1397/1362 COFFEE (US$/tonne) Close Pev High/Low Mar 08 2472 2618 2645/2410 May 07 2507 2628 2660/2429 JulO8 2520 2636 2669/2442 SepO8 2515 2634 2668/2444
      78 words
    • 3632 23 BONDS WARRANTS el lode Com| Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left .air .092 Asia Environment W*****4 16 0.5 205 1481 #Asia Water Tech Ltd W*****0 24 -5 21 1816 #Asiasons Capital Ltd W*****7 7 -1 27 5756 Asiatic Grp (H)
      3,632 words
  • Page 23 Advertisements
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      45 words

  • Page 24 Advertisements
    • 2802 24 Shipping Times f JTfi SES IBS HIM- A WAN HAI INTERNATIONAL PTE LTD crn0:**********0/r m^^— k^.isßiaagssaaaM aßCTfCTrrrgiwTwr lililll ■■mki te*****1588 (14lines) fax:6224H63 I V^^^TlTlrTTm ■RPRHPRHHiSRII HlEi«2iEV33£ttES9 \\MNWAN HAI INF\ 0«»«n« Servke/Bodtimp Direcr line (1800> *****200 B3llCTElf'XTJ.'Bt*'lrl't It't'tK'J V IIHII llnl LIIILJ ii(iiHfr«Tij..mMAXff<)TU-ra:«iiNiiiM)7M «x Hivy..*™ B9flfitSHlSiE&&&tSlililß^& V" JOH TIL (07) *****23
      2,802 words

  • Page 25 Advertisements
    • 3135 25 in^SJ" gigf lITE^ EASTERN r CAR LINER, LTD Fiji Q®3S^ I A/^i»V\V* |TpI": ,r -rsE I ■^N^BSf :J *J Imm^mm^ I VOY I Ramp(KT) I Lilting(KT) I SIN~~| PKL "I BTL LCB I JKT I SUR <r* t|B^J t, 1 lILA- A- E 1 I ALSO ACCEPTING TO ALL NORTHERN
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  • Page 26 Advertisements
    • 2749 26 IPH HI3H 19 H i b a^^Mt n jrgg iHa navigation grouTl »IK|B S^ ffiH SpH KM north west express line r ms4&-t/is.+Hf«*^aa MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES SINCE 1970 Han 51 I VESSEL I VOY Singapore Fremantle Cocos Island Christmas Island Pasir Gudang
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  • Page 27 Advertisements
    • 3110 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SlNDestjnName Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name
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  • BizIT
    • 972 28 <cool stuff> The MacBook Air and Lenovo ThinkPad X300 are similar but contrasting beauties, says ONG BOON KIAT ONE has nou-veau-chic aesthetics. The other tradi-tion-bound looks. Both computing waifs tip the scales at less than one-and-a-half kilos meaning they are light enough to lift by
      972 words
    • 650 28 [GLENEAGLES, Scotland] Football's lawmakers agreed on Saturday to halt all experiments with technology, putting faith in extra manpower instead. Fifa's International Board (IFAB) favoured a conservative plan to experiment with the addition of two more referees' assistants, rather than using cameras to rule
      650 words
    • <what's new>
      • 113 28 SYMANTEC has launched Norton 360 version 2.0, the latest edition of its integrated security software package. The updated product features the company's browser protection technology to ward off malicious software that insidiously exploits vulnerabilities in Internet Explorer. Also new in Norton 360 version 2.0 is a
        113 words
      • 145 28 LINKSYS is going for both form and function with its latest range of consumer networking products. Among the new offerings launched are two new routers WRT160N and WRT310N supporting the latest Wireless-N connectivity standard. Both come with shiny and slim exteriors and feature the company's
        145 words
      • 109 28 SONY is upping the ante in the market for high-end cameras with the Alpha 350, the latest addition to its line of D-SLR (Digital Single Lens Reflex) offerings. The new 14.3megapixel shooter incorporates Sony's new Quick Auto Focus Live View technology and a 2.7-inch LCD screen to
        109 words
      • 137 28 RESEARCH In Motion is hoping to match up to competing smart phones with the addition of GPS (global positioning system) to its new Blackberry Pearl 8110 device. The handset supports satellite positioning to help users find their way around Singapore, a feature that is increasingly being
        137 words
      • 102 28 COREGA has launched the CG-WLNCM4G, its new Internet camera designed to provide homes and offices with a cost-effective option for security surveillance. The camera, which comes with a 3x digital zoom, is compatible with multiple video formats and offers 3GPP support for streaming footage to
        102 words
      • 141 28 CANON is promising users the ability to capture their special moments in razor-sharp detail with the launch of it new HV30 high-definition (HD) video camera. The camcorder offers cinema-quality recording with a resolution that is four times sharper than standard cameras. It is powered by Canon's
        141 words
    • 829 29  -  AMIT ROY CHOUDHURY Growth to be lower than APEJ rate as local market is more mature, says IDC AS Singapore companies upgrade their IT security systems to combat growing security threats, the managed sesurity services market here is expected to grow by 10
      : IDC  -  829 words
    • 207 29  -  ONG BOON KIAT SINGAPORE IT service provider National Computer Systems (NCS) has announced the completion of a new one-stop online portal for the government of Qatar, called Huktoomi. Commissioned by ictQATAR, the Supreme Council of Information and Technology of the State of Qatar, the portal
      207 words
    • 994 30  -  AMIT ROY CHOUDHURY Report notes that several problems plague industry, reports THE Singapore contact, or "call", centre industry is expected to grow by only a modest five per cent this year, according to an Asia-Pacific study. Catriona Wallace, president of callcentres.net, noted that last
      994 words
    • 678 30  -  ONG BOON KIAT It wants to triple regional sales in three years INTERACTIVE software game firm Electronic Arts (EA) which has just moved its Asia-Pacific (APac) headquarters to Singapore from Hong Kong is aiming for a bigger slice of the regional video and
      678 words
    • 551 30  -  WINSTON CHAI Shoppers enticed by product bundles and mark-down prices INSTEAD of tightening their purse strings, in case of a spill-over from the US economic slowdown, a record number of Singaporeans actually thronged the IT Show in search of the best gadget
      AFP  -  551 words
    • 161 30 GOOD news for football-cra-zy computer game lovers in Singapore FIFA Online 2, one of the world's most popular online football games, will be here by September. The latest version of the computer game that grabbed five million online subscribers in Korea will be
      161 words
    • <what's up>
      • 96 30 A 20,000 km undersea cable that links Singapore to France will be getting an upgrade next year that could boost its capacity by as much as three times. The consortium that operates the South East Asia-Middle East-Western Europe 4 (SEA-ME-WE 4) submarine cable network, which
        96 words
      • 82 30 CANON Singapore has appointed Satoshi Kimura as its new president and CEO. He replaces Kazuto Ogawa, who has assumed the post of president and CEO of Canon Canada. A 29-year Canon veteran, Mr Kimura was previously the senior vicepresident of Canon China at its Shanghai regional
        82 words
      • 56 30 GLOBAL conference organiser Telecom IQ will be holding a three-day wireless broadband conference at the Grand Copthorne Waterfront Hotel from May 27-28. The event, called Wireless Broadband Week 2008, will feature business case presentations for wireless broadband technologies like HSPA, UMTS9OO, WCDMA, EDVO, WiMax and
        56 words
      • 92 30 NANYANG Polytechnic (NYP) and IBM have inked a deal to cooperate on a new software development facility at Nanyang Polytechnic's School of Information Technology. Called the Business Software Innovation Centre, the facility will foster software development by Nanyang Polytechnic students in Web 2.0
        92 words
  • Page 28 Advertisements
    • 118 28 &lt;§"" Celebrating cover songs, reworked for better or for worse Irtfcfl^fi ftt I T^^^P IT slayer finds a new I Wk Celebrating cover I V^^^^F V^^^^^F songs, Be they H M^iv 1 1111 I HARDCORE Tf J^^ HI FANS BRING 1 3*1 BtDjOIWKFURiFUt DEftAlO I DREAMS TO LIFE A 7^^-"!
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  • Page 29 Advertisements
    • 105 29 I J I ■ml i I H—H-lV^ta* r II J Creative cordially invites you to join us at the Creative inPerson Open House by QMax to experience the latest revolutionary video conferencing system 4 in Singapore. Venue: Geek Terminal RSVP by 13th March 2008 55 Market Street, #01-01 Please register
      105 words