The Business Times, 8 March 2010

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, March 8,2010
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  • Article, Illustration
    Lock icon 1 Finlayson Green sold, say sources
    374 1  -  Headline price is said to be $145 million By KALPANA RASHIWALA [SINGAPORE] The office block that is 1 Finlayson Green has been sold, BT understands. The price is said to be about $145 million, or 37 per cent below the $230.88 million the seller
    FILE PHOTO  -  374 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,790.29 +39.43 KL COMP 1,299.78 +29.00 NIKKEI 225 10,368.96 +242.93 HANG SENG 20,787.97 +179.27 SET INDEX 723.96 +2.59 JAKARTA COMP 2,578.77 +29.74
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  • Article
    Lock icon SME matchmakers know the ropes, will tie more knots
    1045 1  -  They expect the 5% M&A tax allowance announced in Budget 2010 to boost deal volume this year By CHEN HUIFEN AMID calls from small and medium-sized enterprises (SMEs) for a platform to facilitate merger and acquisition (M&A) matches, service providers such
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      124 1 YOUNG INVESTORS' FORUM Shareholders must re-learn responsibility PAGE 12 BizIT Samsung eyes 30% TV sales growth PAGE 30 DINING OUT Tippling Club comes of age PAGE 23 VIEWS FROM THE TOP Building confidence in the property market PAGES 10-11 OYSTER PERPETUAL SUBMARINER DATE N 18 CT YELLOW GOLD I MM
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      11 1 BLOOMBERG WALL STREET INSIGHT Friday rally gives heart to bulls PAGE
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      568 2 SME matchmakers know the ropes, will tie more knots AMID calls from small and medium sized enterprises for a platform to facilitate merger and acquisition matches, service providers such as auditors, investment bankers and lawyers are standing up to say they are already doing the job. And those
      568 words
    • Article, Illustration
      Lock icon Foreign worker levy hike: short pain, long gain
      800 2  -  The increase serves as a good starting point for policy that can later be fine tuned COMMENTARY By MALMINDERJIT SINGH AS Members of Parliament (MPs) spent last week discussing Budget 2010 in Parliament, one topic stood out: the increase in foreign worker
      DESMOND LIM/THE STRAITS TIMES  -  800 words
    • Article, Illustration
      Lock icon China may want slot for yuan in IMF currency basket
      702 3  -  Move will have important implications for yuan’s liberalisation By in ANTHONY ROWLEY IN A move that could further undercut Japan’s role as Asia’s number one economic and financial power, China is seeking to have its currency included in the basket
      702 words
    • Article
      Lock icon Private equity investment poised for recovery
      538 3  -  Strong growth in region expected this year: Deloitte survey By CHEW XIANG [SINGAPORE] The private equity industry in South-east Asia is expected to recover substantially from the lows of 2009, according to a new survey. “Evidence is being seen of a pick up and
      538 words
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      150 2 Dr Goh Seng Heng (Since 1984) PIMPLES, PORES, PIGMENTATION 4 Chairman/Medical Director MBBS (Singapore) M Sc (Med Sci) In Dermatology (Glasgow, UK) 1984 Fellow American Academy of Dermatology (USA) 1987 Life Member, Dermatological Society of Singapore (2007) Assisted by Dr Sydney Tan MBBS (Singapore) 1985 Physician (General Medicine Aesthetic Services)
      150 words
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      200 3 n u m ri I ir^l a A fantastic development of comfort cooled apartments in a portered block, located between OBarbican and OMoorgate in a prime city location on the edge of London's square mile. IT:'I Q Euston Kings Cross/St. Pancras Barbican one e Moorgate Liverpool Street RENTAL CONTRACT WITH
      200 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Boards need to evaluate their performance regularly
      673 4  -  Exchanges must encourage, but not enforce, such reviews: consultant By MICHELLE QUAH STOCK exchanges should encourage the boards of listed companies to periodically review their effectiveness and performance, but stop short of regulating such an action, says Ashley Summerfield, the head of Egon
      673 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1368 4 Payment Ex Books Pay (cts) date close date ABR Hldgs ak 1.000 11-May 13-May 27-May Action Asia an 1.000 06-May 10-May 19-May AEI Corp ak 1.000 06-May 10-May 26-May AEI Corp bh 2.000 06-May 10-May 26-May AIMS AMP Cap Ind Reit ag 0.187 12-Feb 18-Feb 26-Mar AIMS AMP
      1,368 words
    • Article
      Lock icon Tough call at roulette wheel of Genting valuation
      833 4  -  HOCK LOCK SIEW By R SIVANITHY A PARALLEL could quite easily be drawn between trading in the shares of Genting Singapore and trying one’s luck in Genting’s casino in Sentosa because whether money is made appears to be entirely left to chance.
      833 words
    • Article
      Lock icon Nomura bearish on S’pore developers
      316 7  -  It sees pressure on residential prices and low rents impacting sales By JOYCE HOOI THE latest Nomura Singapore Residential Property Report held firm to its bearish stance on local developers, based on expectations of a continued fall in transaction volumes. Nomura analysts Tony Darwell and
      316 words
    • Article
      Lock icon PRIME LENDING RATES
      412 7 Mar 5 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • Article
      Lock icon COMPANY MEETINGS
      288 7 COMPANY MEETING PLACE DATE TIME China Infra Hldgs S Merchant Court Ballroom, Section B, Swissotel Merchant Court, 20 Merchant Road, Singapore *****1 08-Mar 11.00am Overseas and Gen E Eastin Hotel, No 13, Jalan 16/11, ***** Petaling Jaya, Selangor, Malaysia 08-Mar 10.00am Healthway Med E The Pines, 30 Stevens
      288 words
    • Article, Illustration
      Lock icon OCBC CELEBRATES WITH SMEs
      151 7 OCBC Bank held its customer celebration event on Thursday, March 4, at Resorts World Convention Centre. More than 1,000 SME customers attended the event and celebrated the occasion the first time a local bank has staged an event for customers at newly opened Resorts World with
      151 words
    • Article
      Lock icon HG Metal to further cut stake in BRC Asia
      298 7  -  By JOYCE HOOI HG Metal Manufacturing’s subsidiary, HG Metal Pte Ltd (HGPL), will sell 28 million shares in steel company BRC Asia Limited (BRC), to help meet HG Metal’s short-term debt. HGPL has inked a deal with 12 separate buyers to
      298 words
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      49 4 Accounting B, Accounting backlogs V rnrt\0» a V Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now for the Accounting Specialists AccountServe www.AccountServe.com.sg
      49 words
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      114 5 Here's a secret investment tip Ynu want to invest in a top performer. No gimmicks, no cult personalities. Something refreshingly understated: so good, clients want to keep it a secret. Your investment should do just one thing: Deliver. Consistently. A rock solid track record, right at the top of its
      114 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Selling into strength in confused market
      682 6  -  STOCKS R SIVANITHY Senior Correspondent IT’D be fair to say that markets are currently exhibiting a fair amount of confusion. Apart from Friday’s push here which, as we pointed out in Saturday’s column was most probably buying ahead of an expected upmove on Wall
      682 words
    • Article
      Lock icon Base metals may face more volatility
      388 6  -  COMMODITY WATCH By OH BOON PING IF China is the factory for the world’s manufactured goods, then base metals are the key raw materials needed for their industrial production. Not surprisingly, last year saw the prices of a number of metals jump several times
      388 words
    • Article
      Lock icon Optimism about US economy lifts risk appetite
      495 6 CURRENCIES Reuters [NEW YORK] The US dollar soared against the yen on Friday after a government report showed US employers cut fewer jobs than expected last month, boosting hopes a US economic recovery was still on track. The renewed optimism also encouraged investors
      Reuters  -  495 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 479.1 3.2 GLD 10US$ ***** 325.0 2.1 DBXT MSKorea 10US$ 4630 323.6 5.3 JMH 2900 232.6 6.1 DBXT FTVietnam 10US$ 4424 227.0 3.8 DBXT MSEurope 10US$ 4120 221.4 4.0 DBXT DJE50 10US$ 3983 128.9 2.4 Jardine C&C 2552 124.0 5.1 DBXT
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    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN OCC 5.1% NCPS 100 *****-176.0 -1.7 DBXT S&P Short 10US$ 5319-135.9 -1.8 UOB 5.05%NCPS 100 *****-110.0 -1.1 UOB 1786 -78.0 -4.2 UOB.ES.1003 1794 -56.0 -3.0 Hyflux 338 -14.0 -4.0 UOB BNP eCW*****8 29.5 -11.5 -28.0 SGX 760 -11.0 -1.4 UOB MBL eCW*****3 28.5 -10.5 -26.9
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    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Mar 5 CHNG YR 2010 CLOSE FR Mar 4 S$ LOW S$ HIGH US$ 1.4005 0.65 1.4219 1.3869 Euro 1.9042 1.09 2.0153 1.8959 Pounds 2.1061 0.75 2.2776 2.0969 A$ 1.2638 0.52 1.2923 1.2276 Yen* 1.5691 1.50 1.5927 1.5027 Rupiah* 0.***** 0.32 0.***** 0.***** Baht* 4.2913 0.58
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1456 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name Allgreen Prop Ltd 2.00 1.91 11 11.58 9.84 1.46 1.15 ARA Asset Mgt Ltd 2.00 2.00 2 7.65 14.25 1.22 1.12 Armstrong Ind Corp Ltd
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Mar 5 VALUE CLOSE BT OB/OS 218.00 +277.0 BT CADI -*****.00 +157.0 BT 10-day MA -*****.00 +22.00 FTSE ST Mid Cap 678.31 +4.06 FTSE ST Small Cap 534.54 +5.30 FTSE ST All Share 689.72 +5.22 FTSE ST China Top 273.97 +1.95 FTSE ST China 291.87 +1.89 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Genting SP 877,975,000 Golden Agri 235,290,000 China Hongxing 132,746,000 Z-Obee Hldgs 114,905,000 Ban Joo 108,506,000 SwingMedia 108,218,000 Ying Li 94,785,000 Pac Andes 89,213,000 Healthway 87,825,000 C2O Hldgs 87,289,000 VALUE($) Genting SP 769,470,373 UOB 358,870,509 CapitaLand 309,676,121 DBS Grp 294,698,140 Noble Grp 242,714,892 SingTel 227,420,480 SIA 217,719,575
      58 words
    • Article, Illustration
      Lock icon Lowest PE portfolio gains most
      1549 8  -  TEH HOOI LING Senior Correspondent IN a still rather edgy week, our portfolios ended the week mixed, with two moving higher, two retreating and two barely changed. The portfolio made up of stocks with the lowest price-earnings stocks was the star last week, rising by
      1,549 words
    • Article
      Lock icon Buying among directors up, selling remains low
      1332 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying rose, while the selling among directors remained low last week based on filings on the exchange in the first week of March. A total of 21 companies recorded
      1,332 words
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      128 7 IG MARKETS get thinking FX/CFD trading igmarkets.com.sg The more you trade, the more you save. Enjoy automatic rebates and lower commissions Make huge savings on FX and Singapore shares FX spreads from 1 pip Always guaranteed market prices on shares Learn more about our automatic rebates for frequent traders at
      128 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Commercial property insurers see tougher times
      438 9  -  Premiums, returns expected to come under pressure, says FM Global chief By CHEW XIANG A BUMPER 2009 for commercial property insurers could depress premiums and hurt returns this year, according to Shivan Subramaniam, chairman and CEO of FM Global, a mutual commercial insurer. The
      AP  -  438 words
    • Article
      Lock icon Stanchart starts online business centre for women
      266 9  -  The online resource centre is targeted at entrepreneurs By JOYCE HOOI IN conjunction with International Women’s Day, Standard Chartered Bank will today launch an online tool called the Women in Business Resource Centre for women with entrepreneurial aspirations. It will help women start
      266 words
    • Article
      Lock icon New centre teaches online trading
      246 9  -  By ZEINAB YUSUF SAIWALLA CALIFORNIA-BASED Online Trading Academy (OTA) a worldwide network of financial education centres that focuses on teaching the art of trading has opened a new campus in Singapore. The academy first set up shop here in 2007 but was re-franchised to private
      246 words
    • Article
      Lock icon Bridging S’pore, Danish education systems
      514 9  -  By LEE U-WEN DENMARK may pride itself on being one of the most innovative countries in the world today, but there is still much that this tiny Scandinavian country can learn from Singapore particularly in the field of education. This was the view of Danish
      514 words
  • Page 9 Advertisements
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      207 9 i mageRUNNER ADVAN C E Canon Delighting You Always advanced Environmental responsibility advanced file conversions advanced adobe integrations advanced storage 7^ advanced integration to enterprise sgstems advanced secority advanced remote operations O advanced scanning -A3 advanced authentication m advanced image quality Advanced made simple for you. What is the new
      207 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Building confidence
      3162 10 Are concerns over the surge in the property market justified? How effective are the recent measures to moderate the market, and does more need to be done? THIS WEEK’S TOPIC Nirvik Singh Chairman CEO Grey Group Asia Pacific THE Singapore property market has always been a buoyant one,
      ALPHONSUS CHERN/THE STRAITS TIMES  -  3,162 words
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      164 11 Said Business School Bill UNIVERSITY OF OXFORD IBREAK THROUG OUR BOUNDARIES EATER M NDS DON'T HAVE TO TH NK AL KE BUSINESS DEVELOPMENT MANAG ENTREPR •v. II FINANCE MANAGER? mm m fr i THE OXFORD ADVANCED MANAGEMENT AND LEADERSHIP PROGRAMME If you want to enhance your performance and impact as
      164 words
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      171 11 Complex challenges are confronting our cities. How sustainable is Sherri's future? k Highlights: Lee Kuan Yew World City Prize World Mayors Forum Urban Thought Leaders Session World Cities Summit Expo Expert Panel Sessions Networking Forums and Learning Journeys Co-located Events: Singapore International Water Week 2010 World Urban Transport Leaders Summit
      171 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Shareholder value and the financial crisis
      1649 12  -  It’s time that shareholders re-learn the responsibility of share ownership, says BOB BERRY BOB BERRY The author is Boots Professor of Accounting Finance, Nottingham University, a partner of PSB Academy. He will speak on ‘Shareholder Value and Corporate Governance’ at the Nottingham University Business
      1,649 words
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      Lock icon NUS students’ proud inventions
      984 12  -  Technology Commercialisation Forum organised by NUS showcases their exhibits, reports ABIGAIL KOR CAMPUS LIFE ABIGAIL KOR A SUPERIOR cell-penetrating peptide (CPP) resistant to digestive enzymes, an inter-generational family entertainment system and a userfriendly computer interactions system that simulates the human touch. These three inventions were showcased
      984 words
    • Article
      Lock icon Be smart with your finances
      204 12 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
      204 words
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      45 12 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.
      45 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Jobs get short shrift in US focus on health care
      934 13 What unfolds over next few weeks will alter the course of Obama’s presidency AP [WASHINGTON] US President Barack Obama’s furious, final push to get a healthcare bill passed threatens to shove aside the message he promised would top his list
      AP; AFP  -  934 words
    • Article, Illustration
      Lock icon Voters in Iceland reject US$5b debt deal
      528 13 Talks with UK and Netherlands soon after 93% ‘No’ vote Reuters [REYKJAVIK] Icelandic voters vented their fury on Saturday at the bankers and politicians who ruined the economy, overwhelmingly rejecting a US$5 billion deal to repay debts to Britain and the Netherlands. The
      Reuters  -  528 words
    • Article
      Lock icon Aussie economy in robust recovery mode
      199 13 Bloomberg [MELBOURNE] Australia’s economy continues to strengthen, underpinned by the government’s stimulus measures and a recovery in private sector demand, Treasurer Wayne Swan said yesterday. “When most advanced economies went into recession, our economy not only continued to grow, but grew solidly,” Mr Swan
      Bloomberg  -  199 words
    • Article
      Lock icon Surprise rise in US consumer credit in Jan
      577 13 First growth in a year points to rising confidence: analysts Bloomberg [WASHINGTON] Borrowing by consumers unexpectedly rose in January for the first time in a year, led by auto and student loans, a sign Americans are gaining confidence in the economy. Consumer
      Bloomberg  -  577 words
    • Article
      Lock icon Philippine rates to stay despite inflation data
      231 13 Reuters [MANILA] The Philippine central bank will not hike interest rates yet despite core inflation ticking up last month, and will focus on adjusting liquidity-boosting measures, a senior official said at the weekend. Core inflation accelerated to 3.6 per cent in February from
      Reuters  -  231 words
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      70 13 Sr SET LUNCH FOR THE BUSY EXECUTIVES It's quick and hassle-free for executives on the go. All you have to do is choose from our 2 or 3-course menu and your meal will arrive within minutes. 2-course $16++ per person 3-course $22++ per person Available Monday to Friday from 11.30am
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  • MALAYSIA
    • Article, Illustration
      Lock icon MAS flying high after sweeping reforms
      589 14 Analysts are now upbeat on the Malaysian carrier’s fortunes AFP [KUALA LUMPUR] Not long ago, Malaysia Airlines (MAS) was on life support, forced to sell off its headquarters and firing thousands of staff to avoid bankruptcy, but analysts are now bullish about its prospects.
      AFP  -  589 words
    • Article
      Lock icon BURSA MALAYSIA
      2080 14 VOL Mar 5 RM +/-(‘000) A M Realty 0.73 unch 0 Abric Bhd 0.18 -0.01 2 Advance Synergy 0.16 0.01 2577 Adventa Bhd 3.48 0.06 3068 Ae Multi Hldgs 0.74 0.24 ***** Affin Holdings 2.80 unch 1861 Ahmad Zaki Resou 0.89 0.01 130 Aic Corp 0.63 0.03 32
      2,080 words
    • Article, Illustration
      Lock icon Why KL is revving up drive to cut spending
      617 14  -  MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent SOMETIME last week or thereabouts, a high-powered meeting of civil servants was told to cut spending by their respective ministries to corral expenditure by Malaysia’s federal government. One would have thought it was unnecessary. Less
      617 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Ore price hikes to hit China steel mills hard
      770 15 They want the govt to step in and negotiate with global mining giants Reuters [BEIJING] Chinese steel mills are facing massive difficulties during this year’s annual iron ore benchmark talks with big price hikes set to push many of them into
      Reuters; REUTERS  -  770 words
    • Article
      Lock icon China says it’s up to the US to improve relations
      542 15 Beijing says it is simply safeguarding its core interests AP [BEIJING] China said yesterday that it is up to the United States to improve relations that soured over US arms sales to Taiwan and a meeting between President Barack Obama
      AP  -  542 words
    • Article
      Lock icon Stanchart keen to list in Shanghai
      352 15 Reuters [HONG KONG] Asia-focused bank Standard Chartered will seek to list shares in Shanghai as soon as regulations concerning the exchange’s international board become clear, a senior executive said. Other than also listing in India, the bank had no other fund-raising plans before the
      Reuters  -  352 words
    • Article
      Lock icon Beijing defends its growing energy ties with Africa
      259 15 AFP [BEIJING] China yesterday rejected foreign concerns over its growing energy links with Africa, saying it benefits African nations by bringing badly needed trade and infrastructure development. “I have noticed that in the international community there are some who do not want
      AFP  -  259 words
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      294 15 MATS i p c Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GRANDIS EMS PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****7202K) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR Take notice that Mr Lau Chin Huat of 50
      294 words
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      392 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GRANDIS EMS PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****7202K) NOTICE TO CREDITORS OF FIRST MEETING Notice is hereby given that the first meeting of creditors in the above matter will be held at 6
      392 words
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      576 15 MAGNIFICENT SEVEN CORPORATION PTE. LTD. Registration No.: *****1569D (Incorporated in Singapore) LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN THAT the following share certificates have been reported lost: Name of Shareholder Certificate No. No. of Shares Estate of Tan Sah Nia 7 1,000 Tan Cheng Im 11 2,000 Tan Cheng Imm
      576 words
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      547 15 SANSEI SINGAPURA (PTE) LTD Registration No.: *****081OM (Incorporated in Singapore) LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN THAT the following share certificates have been reported lost: Name of Shareholder Certificate No. No. of Shares Estate of Goh Meng Cheh 3 5,000 23 1,000 46 4,000 121 500 149 500 299
      547 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Fine-tuning India’s growth path
      441 16 Finance minister Mukherjee calls for fiscal restraint to ensure sustainable growth Bloomberg [MUMBAI] India needs fiscal restraint to resume a faster pace of economic growth, Finance Minister Pranab Mukherjee said. “Without fiscal consolidation, the growth we have will not be sustainable,” Mr Mukherjee said at a
      Bloomberg  -  441 words
    • Article, Illustration
      Lock icon Leather hub feels the pain of Ganges cleanup
      619 16 AFP [KANPUR, India] On the banks of the Ganges in northern India, tanneries that have poured effluent into the holy river for decades are closing. For environmentalists, it’s a victory over filthy companies with no regard for nature and a rare example
      AFP  -  619 words
    • Article
      Lock icon Essar acquires Trinity Coal, eyes other deals
      485 16 Group says its US investments will increase to US$4b Bloomberg [MUMBAI] Essar Group, the Indian business group controlled by billionaire brothers Shashi and Ravi Ruia, said it has acquired 100 per cent of Trinity Coal Corp. West Virgia-based Trinity will supply Essar’s US
      Bloomberg  -  485 words
    • Article
      Lock icon China’s coal demand likely to underpin world prices
      716 16 But imports this year seen falling below last year’s peak Reuters [SHANGHAI] China’s appetite for imported coal will provide a solid floor for global prices of the commodity this year, but its imports may miss last year’s peak as price-sensitive buyers shy
      Reuters  -  716 words
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      77 16 SS TIMES "Some... necessities lead -to„ luxuries'' s Pore forward- »is tff I m. 1 A ij i! 11 m p RHEIDSIfC' For a limited period only, new home subscribers to The Business Times for a year will enjoy the opulence of having your bottle of champagne coupled with a
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  • ASIA-PACIFIC
    • Article, Illustration
      Lock icon Dai-ichi offering may kickstart Japan’s stagnant IPO market
      900 17 The country’s second-biggest insurer seeks to raise US$12b LIFE INSURERS’ IPOs Reuters [TOKYO] Initial public offerings (IPOs) don’t get much larger than the US$12 billion IPO from Dai-ichi Mutual Life Insurance Co, Japan’s second-biggest insurer, and optimism is running high that it
      Reuters; BLOOMBERG  -  900 words
    • Article
      Lock icon Korea Life prices 1.72t won IPO below range
      474 17 Reuters [SEOUL] Korea Life Insurance Co priced its oversubscribed 1.72 trillion won (S$2.11 billion) initial public offering (IPO) below the reference range, sources said on Friday, as investors kept an eye on bigger IPOs due from Samsung Life and Japan’s Dai-ichi Mutual.
      Reuters  -  474 words
    • Article
      Lock icon Corporate Japan’s weak spot: crisis management
      737 17 AP [TOKYO] Toyota’s poor handling of its massive global recalls has highlighted a glaring weakness in Japan’s otherwise sophisticated corporate culture: crisis management know-how. Major companies have detailed plans for dealing with killer earthquakes or terrorist attacks but are largely unprepared to deal with
      AP  -  737 words
    • Article
      Lock icon Earnings of Thai listed firms soar 42% in 2009
      635 17  -  By GREG LOWE THAI-LISTED companies saw net profits surge by 42 per cent last year to 446.51 billion baht (S$19.13 billion) on sales totalling 6.39 trillion baht, the Stock Exchange of Thailand (SET) says. The top-performing industry groups were resources, finance,
      635 words
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      231 17 MONEY MONEY BACK GUARANTEE* MAKE SURE YOU SUCCEED The Education Business is in high Demand as Singapore positions herself to be a global education hub. CASH IN on Singapore government initiatives. 'BOOMING $100 MILLION BUSINESS' Extracted from SPH The Sunday Times, 20 Aug 2006 This is a very good earning
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  • FOCUS: CANCER DRUGS
    • Article, Illustration
      Lock icon The story of a ‘miracle’ cancer drug
      2218 18 Sutent, a pill that almost landed on the scrap heap of medicine, has generated US$2.6 billion in sales for Pfizer Bloomberg [NEW YORK] GEORGE Demetri had witnessed countless near-death experiences in his career as a cancer doctor. This time, the life of a
      Bloomberg; BLOOMBERG  -  2,218 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Silicon Valley rules the Oscars in 2010
      691 19 Autodesk and Nvidia to benefit regardless of which film wins best visual effects Bloomberg AP [SAN FRANCISCO, NEW YORK] No matter which film gets the Oscar for best visual effects at the Academy Awards, it’s a guaranteed win for Autodesk Inc and Nvidia
      Bloomberg; AP  -  691 words
    • Article, Illustration
      Lock icon Friday stock rally gives heart to bulls
      941 19  -  WALL STREET INSIGHT By ANDREW MARKS THE stronger-than-expect-ed jobs report on Friday fuelled a spurt on Wall Street, capping a two-week rally that has brought US stocks into positive territory for the year, and within striking distance of the S&P 500’s recent January
      BLOOMBERG  -  941 words
    • Article
      Lock icon High relapse risk for UK economy: business chamber
      327 19 AFP [LONDON] Britain, which emerged from recession in the final quarter of 2009, faces a “high” risk of relapse, and below average growth in the next two years, the British Chamber of Commerce warned yesterday. “The UK economic outlook will remain highly
      AFP  -  327 words
    • Article
      Lock icon Recession forces shift in firms’ charity priorities
      492 19 Many in US focus on basic needs and local communities Reuters [NEW YORK] Giving by US companies endured the recession with mixed results as some pared back philanthropy in the face of tough times, others increased budgets and most predicted a steady 2010.
      Reuters  -  492 words
    • Article
      Lock icon Hatoyama’s popularity slides as airbase deadline looms
      448 19 Reuters [TOKYO] Only about onethird of Japanese voters support Prime Minister Yukio Hatoyama’s government, and about the same percentage plans to vote for the main opposition party in a key mid-year poll, a survey showed yesterday. Doubts about Mr Hatoyama’s leadership, including his
      Reuters  -  448 words
    • Article, Illustration
      Lock icon Prudential CEO out to charm UK shareholders
      854 21 Some of them have expressed concern over the extent and cost of the deal Reuters AP [SINGAPORE] Prudential Plc CEO Tidjane Thiam will attempt to charm leading shareholders today, moving to quell disquiet over the British insurer’s US$35.5 billion bid for AIA, the
      Reuters; AP; AFP  -  854 words
    • Article
      Lock icon Norway’s oil fund posts 26% returns in 2009
      245 21 AP [OSLO] Norway’s vast fund for oil wealth posted a 25.6 per cent return on investment for 2009 its best ever as international markets recovered from the global financial crunch, the central bank said on Friday. Norges Bank reported that the fund
      AP  -  245 words
    • Article
      Lock icon Ex-AIG CEO ready to testify on General Re
      289 21 Reuters [NEW YORK] Maurice “Hank” Greenberg, the former chief executive of American International Group Inc (AIG), believes he no longer faces possible criminal charges over a sham transaction involving the insurer and a unit of Warren Buffett’s Berkshire Hathaway Inc. As a
      Reuters  -  289 words
    • Article, Illustration
      Lock icon Back Greece or risk euro’s future: Sarkozy
      606 21 EUROZONE CRISIS Bloomberg [ROME] French President Nicolas Sarkozy said the European Union must support Greece or risk destroying the euro as Prime Minister George Papandreou heads for Paris to lobby support for the debt-laden country. “If we created the euro, we cannot let
      Bloomberg; AP  -  606 words
    • Article
      Lock icon Three European insurers may bid for ING’s Asian assets
      588 21 Reuters [LONDON] European insurers looking for a bigger slice of Asia’s high-growth markets could consider unsolicited bids for ING’s Asian business, as a growing number of trade buyers hijack plans for initial public offerings (IPOs). Allianz, Axa and Zurich Financial Services
      Reuters  -  588 words
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  • WORLD
    • Article
      Lock icon UK bank bosses shun bonuses to salvage industry reputation
      802 20 But senior staff will get bumper payouts from banks keen to retain talent AFP [LONDON] Faced with public outrage over excessive bankers’ pay, the bosses of Britain’s five biggest banks have taken the unprecedented step of spurning bonuses worth millions of
      AFP  -  802 words
    • Article, Illustration
      Lock icon Gaming industry in US hit by recession, expansion
      685 20 Revenue drop could hit education, healthcare budget in states AFP [WASHINGTON] US casinos have run into a string of bad luck as the recession and other factors cut into gambling revenues, even as more states move to get a piece of the
      AFP  -  685 words
    • Article, Illustration
      Lock icon This is no time for stimulus cut or rate rise, says Volcker
      511 20 Bloomberg [BERLIN] White House adviser Paul Volcker said it’s too soon for US policy makers to withdraw the stimulus measures and interest rate cuts used to fight the worst slump since the Great Depression. “This is not the
      Bloomberg; PHOTO: AP  -  511 words
    • Article
      Lock icon Pfizer CEO gets US$13.7m compensation
      800 20 Drugmaker reduces 2009 award despite higher profit, sales AP [TRENTON, New Jersey] The chief executive of drug giant Pfizer Inc, Jeffrey Kindler, received a 2009 compensation package valued by The Associated Press at US$13.7 million, down 7.6 per cent from 2008, as the board reduced
      AP  -  800 words
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  • Page 21 Advertisements
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      120 21 Get your copy from any Spinelli outlet at $5.50 and get a complimentary Spin or Latte! March Pulses Out Now! Check out how four Singapore companies market their popular F&B products overseas. Wilmar International gives investors a glimpse into the agri-business value chain. Is recovery on the horizon for airlines?
      120 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Body scanners to be rolled out across the US
      582 22 They will be the default screening equipment at checkpoints AP [BOSTON] The Transportation Security Administration on Friday announced nine more US airports that will receive body-scanning technology, as the US heightens its effort to detect hidden explosives and other weapons amid
      AP  -  582 words
    • Article, Illustration
      Lock icon Keppel unit signs MOU with Norwegian marine research body
      271 22  -  By JOYCE HOOI KEPPEL Offshore Marine Technology Centre (KOMtech) and the Norwegian Marine Technology Research Institute (Marintek) signed a memorandum of understanding (MOU) on Saturday to collaborate on the development of technologies and training opportunities. KOMtech, part of Keppel Offshore Marine
      271 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2958 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ456 1245 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 Amsterdam LO4031 0610 LO4032 2350 SQ323 0610 SQ324 2350 US5410 0610 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ348 0105 Auckland LH9761
      2,958 words
    • Article
      Lock icon EU force tracking hijacked Norwegian tanker
      224 22 AFP [BRUSSELS] The European Union’s (EU) anti-piracy mission said on Saturday it was tracking a hijacked chemical tanker off east Africa as Turkey and France announced the capture of 29 suspected pirates. Norwegian shipowner Broevigtank announced the hijacking of the tanker UBT Ocean off
      AFP  -  224 words
    • Article
      Lock icon Buyers move to resolve A400M funding issue
      440 22 [BERLIN] The nations that ordered the Airbus A400M military transporter have agreed to pay 3.5 billion euros (S$6.67 billion) more to address cost overruns and keep the troubled project alive, manufacturer EADS and the German Defence Ministry said on Friday. The agreement was
      440 words
    • Article
      Lock icon TRANSPORT STOCKS
      281 22 SGX '000 Mar 5 S$ +/-Vol CH Offshore 0.66 0.01 1105 Chuan Hup Hldgs 0.31 0.01 72 Cosco Corp 1.21 0.05 9689 CWT Ltd 0.96 0.05 ***** Ezra Hldgs 2.32 0.11 6946 First Ship Lease 0.60 unch 313 Freight Links 0.05 unch 340 Grand Banks 0.45 unch 10
      281 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      277 22 CRYPTIC CROSSWORD Across 1 Labour fanatic? (10) 6 Stand declared, changing ends (4) 9 The French turns in show getting rude (10) 10 Liberal Republican in charge (4) 12 Old are going to diminish (4) 13 Terribly stilted, so most uninspiring (9) 15 Officers’ mess right inside battle disaster (8)
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  • DINING OUT
    • Article, Illustration
      Lock icon Tippling Club comes of age
      817 23  -  By Geoffrey Eu NEW MENU Tippling Club 8D Dempsey Road Tel: 6475-2217 www.tipplingclub.com, www.baxvsclift.com IT'S a new season of culinary show and tell at Tippling Club, a cutting-edge restaurant (in previously staid Singapore) whose twin-pronged philosophy involves pushing boundaries and tickling palates with a tech-nique-driven
      817 words
    • Article, Illustration
      Lock icon An impressive selection of traditional Swiss favourites
      604 23  -  By Geoffrey Eu FOOD PROMOTION Le Bistrot Du Sommelier 46 Prinsep Street #01-01 Tel: 6333-1982 IN the few months since chef Patrick Heuberger joined forces with Max Fedkiw at Le Bistrot Du Sommelier, the pair have succeeded in creating a tiny, authentic corner
      604 words
  • Page 23 Advertisements
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      231 23 LUXUR WINE DINE AND HOSPITALITY V K V, n A BOUTIQUE HOTEL escre get all stimulated at lunch with our fresh bold flavours at modest prices. There's never been a better time to boost your culinary pleasure levels. 'Two to Tango' $26++ Choice of an appetizer and entree or an
      231 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9370 24 Week ended: Mar 5 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 16.5 -0.5 1601 17.5 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834 A-Sonic
      9,370 words
    • Article
      Lock icon SGX CATALIST
      1846 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 0.5
      1,846 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 25 Stock name Close Change Stock name Close Change Stock name Close Change CapitaLand 3.900 +0.010 CapitaMall 1.810 +0.020 CityDev 10.360 +0.100 ComfortDelGro 1.540 Cosco Corp 1.210 +0.050 DBS Grp 14.060 -0.020 F&N 4.440 +0.090 Genting SP 0.905 +0.060 Golden Agri 0.545 +0.010 HK Land 4.800 +0.020
      118 words
    • Article
      Lock icon STOCKS ASIA
      2703 25 Transaction date: Mar 5 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.36 unch 0 Aeon Stores 13.00 unch 0 Angang Steel 14.76 0.06 8992 Anhui Conch 49.40 0.60
      2,703 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 3 0 0 0 8 7 3 Manufacturing 78 100 58 13 12 16 91 112 74 Commerce 34 27 23 4 10 6 38 37 29 Tpt/Stor/Comms 27 9 8
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    • Article
      Lock icon SGX ETF
      512 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110.4 109.5 110 504 846 427 CIMBAsean40 100US$ US819 +21 59 819 812 819 824 32.8 298
      512 words
    • Article
      Lock icon CLOB INTERNATIONAL
      265 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 24 6000 AVJennings A47 -1 17 47.5 46 46.5 50 3.6 7.4 3.8 122.4 31 6 6017 Genting HK US$ US18.5 +0.5 5416
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 77,386 77,386 253,429 253,429 Manufacturing 1,602,768 83,511 1,686,279 1,040,639 3,573 1,044,212 Commerce 511,283 115,820 627,103 539,636 41,902 581,538 Tpt/Stor/Comms 479,120 9,212 488,332 879,722 1,427 881,149 Finance 115,069 17 115,086 922,058 1 922,059 Construction 210,053 36,219
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  • Page 25 Advertisements
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      26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 26 In local curr In S$ In US$ dy yr dy yr dy yr Mar 5 Index Change Change Change Change Change Change World Index Preliminary 842.0 1.2 1.1 1.0 -0.4 1.1 0.0 EAFE Preliminary 788.7 1.4 0.5 1.0 -2.6 1.1 -2.3 Europe Preliminary 1137.8 1.5
      365 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 26 As at 9am NOTE RATES Mar 5 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2510 1.2890 Can dollar 1.3510 1.3670 Euro 1.8930 1.9150 NZ dollar 0.9550 0.9760 Sterling pound 2.0950 2.1200 US dollar 1.3940 1.4100 Local dollars to 100 units
      134 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 26 Mar 5 Open High Sett STI Mar 2781 2784 2786 SIMSCI Mar 331.1 334.4 334.4 Taiwan Mar 270.4 276.0 274.7 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon PALM OIL
      66 26 Mar 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2675 2676 2697 2670 291 734 Apr 10 2681 2677 2705 2677 2780 ***** May 10 2665 2670 2700 2665 9147 ***** Jun 10 2654 2664
      66 words
    • Article
      Lock icon INTERBANK RATES
      177 26 Mar 5 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.23 0.18 1 month 0.29 0.24 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Mar 5 S$ Bid Offer 1-month 1.4012 1.4026 2-months 1.4014 1.4028 3-months 1.4015 1.4030 6-months 1.4021 1.4035 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      184 26 Mar 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 329.0 328.0 329.0 52 672 May 10 327.0 652 Jun 10 327.0 800 Jul 10 325.0 325.0 325.0 20 380 Aug 10 322.0 320.0 324.0 60 210
      184 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Mar 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03.06.2010 0.39 0.33 0.33 1-Year BY*****N 01.11.2010 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.31 5-Year N*****0N 1.375 01.10.2014 100.32 100.42 100.42
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    • Article
      Lock icon CHICAGO BOT
      105 26 Mar 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 934.75 932.50 939.50 929.75 May 10 942.75 942.00 949.50 938.25 Jul 10 950.50 950.50 957.00 946.00 Aug 10 947.75 948.00 954.25 943.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 39.72 39.63 40.06
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Mar 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 78.56 -1.10 WTI (Near Mth) 80.36 -0.50 Dubai (1-Mth F) 77.54 0.89 Tapis blend 82.95 0.70 Minas 80.85 0.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.50 -0.61 Jet Kerosene 86.20 0.30 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2643 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 -0.5 800 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 1.5 unch 81 1 4 22 3.00 23 2036 Advance SCT Ltd W*****9 0.5
      2,643 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      392 26 Mar 5 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7325 0 5092 Jun10 99.6350 0 5488 Sep10 99.4500 0 2478 Dec10 99.1650 0 1773 EUROYEN TIBOR FUTURES Mar10 99.5650 99.5650 99.5650 99.5650 0 5018 Jun10 99.6150 99.6150 99.6150 99.6050 900 2469 Sep10 99.6350 99.6350 99.6350
      392 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 26 Mar 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.930 6.157 0.664 7.002 41.251 83.521 0.806 10.284 3.033 1.307 76.355 41.544 1.264 6.716 0.971 28.862 29.444 0.600 0.902 Canada 1.075 6.617
      465 words
    • Article
      Lock icon SIBOR
      85 26 Mar 5 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Mar 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2636 1.2650 0.9019 0.9020 Canadian dollar 1.3576 1.3598 0.9690 0.9696 Euro 1.9041 1.9064 1.3591 1.3594 NZ dollar 0.9663 0.9679 0.6897 0.6902 Sterling pound 2.1053 2.1082 1.5027 1.5033
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 26 Mar 5 GOLD (US$/oz) Mar 05 Mar 04 Hong Kong 1134.30 1134.60 Mar 04 Mar 05 London 1130.35 1139.70 1131.15 1140.50 Source: Thomson Reuters CAST BAR Mar 05 (S$) Selling Buying Kilobar "54,592.47" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 346.68 255 10gm 620.6
      138 words
    • Article
      Lock icon LONDON METALS
      71 26 Mar 5 Mar 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2199.75 2187.75 3 months 2230.00 2219.00 Copper, Grade A (US$/tonne) Cash 7514.00 7366.00 3 months 7545.00 7398.00 Lead (US$/tonne) Cash 2207.25 2146.75 3 months 2230.00 2170.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      77 26 Mar 5 COCOA (£/tonne) Close Prev High/Low Mar 10 2156 2142 2172/2136 May 10 2176 2162 2197/2153 Jul 10 2167 2152 2185/2140 Sep 10 2137 2130 2152/2120 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1200 1210 1221/1200 May 10 1232 1249 1259/1229 Jul 10 1268 1283 1297/1265 SUGAR (US
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    6497 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W.
    6,497 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      30 27 Shipping line seeking reliable logistics partners Can "they find your services Here in -the Shipping Times'? TO ADVERTISE, CALI IOE WONG AT 9620 1 327 THE BUSINESS TIMES SHIPPING TIMES
      30 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      32 28 I THE BUSINESS TIIV1ES Legal required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      32 words
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  • BizIT
    • Article, Illustration
      Lock icon IT networks target of organised criminal elements
      773 29  -  Study shows compliance not enough to prevent IT security breaches By AMIT ROY CHOUDHURY A RECENT global study on IT security breaches, commissioned by Datacraft, has shown Singapore companies face a threat landscape inhabited by determined and organised criminals. Datacraft’s Matthew Gyde told
      773 words
    • Article, Illustration
      Lock icon China vows to punish hackers if Google complains
      442 29 Reuters [BEIJING] China has pledged to punish hackers who attacked Google if there is evidence to prove it, but said it has yet to receive any complaint from the world’s top search engine. Google sent shock waves across business and political circles
      Reuters; AFP  -  442 words
    • Article
      Lock icon Google takes aim at Microsoft with start-up acquisition
      434 29 Reuters [SAN FRANCISCO] Google Inc stepped up its assault on Microsoft Corp’s MSFT.O productivity software business with the acquisition of a small start-up company that allows Microsoft users to edit and share their documents on the Web. Google said on its company
      Reuters  -  434 words
    • Article
      Lock icon Videogame makers racing to develop iPad games
      759 29 Its larger screen and processing power make it a powerful handheld game console AFP [WASHINGTON] As an electronic reader, Apple’s iPad has been touted as a possible “Kindle killer” but what has videogame makers buzzing is the potential of the touchscreen tablet computer
      AFP  -  759 words
    • Article
      Lock icon Data storage rebound continues in Q4, says IDC
      194 29 Reuters [SAN FRANCISCO] Sales of computer data-storage equipment dipped less than 1 per cent in the fourth quarter, industry tracker IDC said, as the market continued to rebound from lows seen earlier in the year. Global external disk storage revenue in the
      Reuters  -  194 words
    • Article
      Lock icon China Unicom to slow overall investment, focus on 3G
      211 29 Reuters [BEIJING] China Unicom, China’s No 2 mobile carrier, said last Saturday its total investments will decrease this year as it scales back spending on areas like broadband and focuses on its new 3G wireless network. “This year our overall investments
      Reuters  -  211 words
    • Article, Illustration
      Lock icon Samsung eyes 30% TV sales growth here
      639 30  -  Korean electronics giant expects LED TVs to lead the charge this year and will throw its weight behind its new 3D TVs, reports ONG BOON KIAT ONG BOON KIAT SAMSUNG, which sold 150,000 television units in Singapore last year, is gunning for a
      639 words
    • Article, Illustration
      Lock icon iPad to go on sale in US on April 3
      541 30 Apple will take preorders for tablet this week Bloomberg News [SAN FRANCISCO] Apple will start selling the iPad in the US on April 3, a few days later than planned, and will take preorders for its multimedia tablet this week.
      Bloomberg News; AFP  -  541 words
    • Article
      Lock icon Sony developing handheld devices: WSJ
      283 30 AFP [WASHINGTON] Japanese electronics giant Sony is developing a new lineup of handheld products to counter Apple’s stable of portable devices, The Wall Street Journal reported. The newspaper, citing “people familiar with the matter”, last week said the products under development include a smartphone capable
      AFP  -  283 words
    • Article, Illustration
      Lock icon Four honoured for IT contributions
      530 30  -  By JASLENE PANG TECH industry veteran Lim Hup Seng helped shape Singapore’s e-government blueprint. Civil Service head Peter Ho helped the country better prepare for national security threats. Technopreneur Bernard Leong had a hand in realising many local tech start-ups’ dreams, while undergraduate Pan Zheng
      530 words
    • <what’s up>
      • Article
        Lock icon Hunt for infocomm champions
        104 30 THE biennial National Infocomm Awards (NIA) is back for its fifth run this year. Jointly organised by the Infocomm Development Authority (IDA) and the Singapore infocomm Technology Federation (SiTF), the NIA highlights innovative products and services from infocomm companies in Singapore. Seen as a top accolade
        104 words
      • Article
        Lock icon Virtual 2010 YOG begins odyssey
        94 30 SINGAPORE 2010 Odyssey a 3D virtual world based on the inaugural Singapore 2010 Youth Olympic Games (YOG) has been launched. The joint initiative by the Infocomm Development Authority (IDA) and the Singapore Youth Olympic Games Organising Committee (SYOGOC) features quests and games styled on a
        94 words
      • Article
        Lock icon HP debuts multi-touch business tablet PC
        104 30 HEWLETT-PACKARD (HP) has launched the EliteBook 2740p, its first multi-touch tablet PC for business users. The thin, 1.7-kg convertible tablet is aimed at those in sectors like healthcare, education and sales. Its 12.1-inch screen accepts multi-touch gestures, finger taps and swipes for navigating through
        104 words
      • Article
        Lock icon Lenovo rolls out four new ThinkPads
        83 30 LENOVO has launched four new ThinkPad laptop PCs the X201, touted the industry’s fastest ultraportable laptop; the X201 tablet PC, which features a 12.1-inch capacitive multi-touch screen; and the W701 and W701ds, Lenovo’s most powerful ThinkPads. The latter feature the one-two punch of Intel’s
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      • Article
        Lock icon Training course for technopreneurs
        91 30  -  Compiled by ONG BOON KIAT SILICON Valley-based The Founder Institute has joined hands with two Singapore-based venture advisory firms Battle Ventures and iAxil to launch a four-month training and mentoring programme for technology entrepreneurs. It is aimed at preparing those with the ambition to create and
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