The Business Times, 8 March 2011

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Microfilm: NL31285
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|2l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, March 8,2011
    23 words
  • Article
    Lock icon When corporate boards don’t come up roses
    700 1  -  Study finds major S’pore companies lagging in female representation By TEH SHI NING [SINGAPORE] On the boards of Singapore’s 100 largest local companies by market capitalisation, less than 7 per cent of directors are women. This is lower than Hong Kong boards’ 8.6
    700 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 GST INDEX 3,066.52 (+5.21) GST INDEX FUTURES 3,061 (+4) GSIMSCI 360.32 (+1.08) GSIMSCI FUTURES 360.60 (+0.80) FOREX US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.626 2.060 EURO (US$/S$/E) 1.397 1.770 Foreign currency per US$ S$ YEN 82.30 64.90 RM 3.031 2.392 HK$ 7.789 6.147 BAHT 30.46
    141 words
  • Article, Illustration
    Lock icon Hutchison makes waves with port trust IPO launch
    725 1  -  Public offer closes on March 14, trading expected to begin on March 18 By EMILYN YAP, JOYCE HOOI [SINGAPORE] Singapore’s largest initial public offering (IPO) which was launched yesterday a Hutchison Whampoa spin-off in the form of Hutchison Port Holdings Trust (HPH
    NEOH KEE LENG/LIANHE ZAOBAO  -  725 words
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      101 1 SME Inc Plugging gaps in the lifestyle market PAGE 11 PROPERTY Amber Glades sold en bloc for $118.1m PAGE 30 COMMENTARY Rewarding honesty and punishing deception PAGE 22 8 '*****1 *****4 THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. KNIGHTS BRIDGE TANG PLAZA T: 65-6734 2420 T: 65-6884 8484 T: 65-6235 7198 ONE
      101 words
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      11 1 HOCK LOCK SIEW Different focus for foreign, local banks PAGE 6
      11 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      568 2 When corporate boards don’t come up roses ON the boards of Singapore’s largest 100 local companies by market capitalisation, less than 7 per cent of directors are women. This is lower than Hong Kong boards’ 8.6 per cent female representation and Australia’s 11.2 per cent, says a recent
      568 words
    • Article, Illustration
      Lock icon Measures in place to cap cost overruns: Hwee Hua
      502 2  -  New panel formed to optimise project design, provide up-to-date estimates By TEH SHI NING [SINGAPORE] To improve the financial management of large public sector projects, those that are larger than $500 million in value have been subject to staged approvals for
      502 words
    • Article, Illustration
      Lock icon Port industry veteran calls the shots
      470 2  -  By EMILYN YAP [SINGAPORE] As one of the few women in the business when she first joined the port industry, Hai Chi Yuet had a hard time making herself heard. Not any more. Today, Ms Hai or Chi, as her colleagues call her easily
      NEOH KEE LENG/LIANHE ZAOBAO  -  470 words
    • Article, Illustration
      Lock icon Expensive thoroughbred for LVMH stable
      387 2  -  By PIERRE BRIANCON REUTERS BREAKINGVIEWS IN the last few years, Bulgari has stood out as the luxury goods industry’s most famous officially-not-for-sale takeover target. The Italian jeweller and watchmaker is tightly controlled by a family who kept protesting, as recently as last year, that it
      REUTERS  -  387 words
    • Article
      Lock icon Finding a woman’s touch on boards here
      364 2  -  By FELDA CHAY [SINGAPORE] A woman’s presence in the boardroom continues to be a rarity in Singapore’s corporate world, but there was a slight improvement in this area last year compared to the years before. According to research done by the National University
      364 words
    • Article, Illustration
      Lock icon Japan premier on the edge as minister quits
      846 4  -  Defiant Kan refuses to step down or call a GE, but LDP could force his hand soon By ANTHONY ROWLEY in Tokyo EMBATTLED Japanese Prime Minister Naoto Kan remained defiant yesterday, refusing to step down or to call a snap general election
      BLOOMBERG  -  846 words
    • Article, Illustration
      Lock icon Moody’s cuts Greece rating 3 notches
      426 4 AP AFP [LONDON] Moody’s Investor Services has downgraded Greece’s debt rating even further below junk status amid worries that the bailed-out euro country will end up having to restructure its massive debts. The agency said yesterday that it is lowering its rating by three
      AP; AFP; REUTERS  -  426 words
    • Article
      Lock icon Libya turmoil pushes oil prices up a steepening incline
      380 4 Bloomberg [DUBAI] Oil rose to the highest in 29 months in New York as escalating violence in Libya renewed concern that supply disruptions may spread through the Middle East. Crude gained as much as 2.4 per cent after fighting between Libyan
      Bloomberg  -  380 words
    • Article
      Lock icon US could tap oil reserves as petrol prices surge
      826 4 Reuters [WASHINGTON] The United States government reiterated that it could tap its strategic oil reserves in order to safeguard economic growth as surging petrol prices increase pressure for action. While long-standing US policy is to release reserves only in the event
      Reuters  -  826 words
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      445 2 KPMG Seminar Series Tax Efficient Supply Chain Management (TESCM) Seminar Tax and business process re-engineering Date Wednesday, 23 March 2011 Time 9.00am to 5.00pm Venue Grand Copthorne Waterfront Hotel Singapore Seminar Fees Client/KPMG Alumni S$396 per participant Non-client S$450 per participant A discount of 5% will be given for groups
      445 words
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      161 3 T.-: L y f 1\ ■l L V ■L r 0 A i. >t\ > ViE 8«^ r is J (JL> 'j iTi fx Mr tnX' A TM THE LEADING BUNGALOW SPECIALIST Rare. Exclusive. Exceptional. A new era has dawned at RealStar. As the top landed performer, we have consistently
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      43 4 A taste of Italy on the horizon^ il rip'n ~s m ~.v M PI .v ii s-r m TJm m v I L ii 3 Discover the perfect setting at our contemporary Italian restaurant and bar on 24F. Tel: 6730 3395 ilcielo@hilton.com Hilton
      43 words
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      1495 5 Hutchison Port Holdings Trust (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore) managed by Hutchison Port Holdings Management Pte. Limited SUBSCRIBENOW!IPO closes on4 M14 March 2011at 1at 10 a.m. (Singapore time) Hongkong International Terminals Yantian International Container Terminals HUTCHISON PORT HOLDINGS TRUST
      1,495 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Global airline stocks facing choppy headwinds
      616 6  -  Iata cites rising oil prices amid Mideast turmoil and slowing profit growth By VEN SREENIVASAN AIRLINE equity prices worldwide, as measured by the Bloomberg global airlines index, have slid by 6 per cent so far this year and could be headed lower. This compares
      BLOOMBERG FILE PHOTO  -  616 words
    • Article
      Lock icon Different focus for foreign, local banks
      642 6  -  By SIOW LI SEN HOCK LOCK SIEW LAST week, two foreign banks (HSBC and Standard Chartered) posted the results of their Singapore operations in 2010. Profits were nothing to shout about. In fact, they were disappointing: down 3.3 per cent for HSBC and one
      642 words
    • Article, Illustration
      Lock icon Sinomem shares shoot up on takeover bid
      491 7  -  Dealers note investors have ‘nothing to lose’ from the offer HOT STOCK By LYNETTE KHOO THE takeover bid for Chinese water treatment firm Sinomem Technology sent its share price soaring yesterday as investors warmed up to the offer. Its shares surged to as
      491 words
    • Article
      Lock icon SGX faces increasing competition from Taiwan
      432 7  -  Taiwanese bourse wooing China, Japanese firms By LYNETTE KHOO COMPETITION for listings is only going to intensify further for the Singapore Exchange (SGX), with the Taiwan bourse now beefing up its efforts to woo Japanese listings. Already, Taiwan is pitting itself against SGX for
      432 words
    • Article
      Lock icon NOL reports higher container volumes
      97 7 Reuters NEPTUNE Orient Lines (NOL) yesterday said its container shipping volumes for the six weeks to Feb 11 rose 5 per cent from a year ago, helped by higher traffic on the in-tra-Asia and Asia-Europe routes. NOL carried 321,600 forty-foot equivalent units (FEUs) during the
      Reuters  -  97 words
    • Article
      Lock icon Bonds seen outshining equities this year
      318 7  -  By MICHELLE TAN THE return of investor pessimism amid a market marked by muted growth has triggered greater headwinds for equities, which are starting to lose favour with investors. However with every fall comes the rise of another. Interest in bonds has been growing
      318 words
    • COMPANY BRIEFS
      • Article
        Lock icon Technics Oil & Gas bags $13.1m jobs
        60 9 Technics Oil Gas bags $13.1m jobs TECHNICS Oil Gas has won two contracts worth a total of $13.1 million. One involves the contract engineering for the supply of equipment for modification of jack-up rig Murmanskaya. This is the group’s second contract in the Russian Federation. The other involves the gas
        60 words
      • Article
        Lock icon ASJ uncovers theft of inventory in M’sia
        79 9 ASJ HOLDINGS has discovered instances of missing and stolen inventory worth $235,000 from its warehouse in Senai, Malaysia. It has reported this to the Malaysian authorities and one employee has been charged. Investigations are still on-going, ASJ said. The company has since appointed
        79 words
    • Article
      Lock icon Mewah looks to expand in Indonesia and China
      493 9 It also expects robust prices in long term on rising palm oil demand Reuters SINGAPORE-LISTED palm oil refiner Mewah International is looking at Indonesia and China as potential sites for expansion as it expects demand for the commodity to outpace supply in
      Reuters  -  493 words
    • Article, Illustration
      Lock icon Hyflux clinches $890m PUB water project
      484 9  -  Plant for seawater desalination, to be built from Q4, will be the biggest here By JERMAINE NG HYFLUX yesterday announced that it has been named the preferred bidder to design, build, own and operate a seawater desalination plant by PUB. The company will hold
      FILE PHOTO  -  484 words
    • Article
      Lock icon Keppel AmFELS bags Mexico rig contract
      322 9  -  US$195m jackup rig is slated for delivery in Q1 2013 By KELLY TAY KEPPEL AmFELS LLC, a US wholly owned subsidiary of Keppel Offshore Marine (Keppel O&M), has won a contract from Mexico’s Perforadora Central SA de CV to build a repeat jackup rig
      322 words
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      242 6 A member of luv Academy For people who love a challenge. At PSB Academy, we work our students hard. When our graduates head out into the world, they're armed with more than just a piece of paper. They have real skills, for real life. Take our Business courses for example.
      242 words
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      480 7 9 Infrastructure Information Technology c °r>s St *piZ er CHANCE CHANCE <\C\ C/V/) 'VC^ r\a* s Real Estate tflate V A a efc J* ffi I hA Hce CHANCE Own the 6 Booming Sectors with LYXOR ETFs Covering Asia's hottest investment themes, enhance your portfolio with LYXOR ETFs! www. lyxoretf.
      480 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No surprises as liquidity dwindles
      588 8  -  Quiet session sees ST Index move within a narrow range before closing five points up STOCKS R SIVANITHY Senior Correspondent THERE would have been no surprises with the way trading turned out yesterday, with prices stuck within narrow bands and everyone waiting for further developments
      Source: Bloomberg  -  588 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Mar 7 VALUE CLOSE BT OB/OS -509.00 +111.0 BT CADI -*****.00 -56.0 BT 10-day MA -*****.00 -51.00 FTSE ST Mid Cap 761.14 -0.43 FTSE ST Small Cap 550.00 +0.84 FTSE ST All Share 757.40 +1.01 FTSE ST China Top 269.95 +1.21 FTSE ST China 304.89 +1.80 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 3 0 0 0 7 8 3 Manufacturing 37 67 65 3 5 12 40 72 77 Commerce 14 16 25 1 3 4 15 19 29 Tpt/Stor/Comms 10 13 18
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon OSIM International
        408 8 March 7 close: $1.56 OCBC Investment Research, March 7 OSIM International recently announced that it has withdrawn and re-submitted its application to the Taiwan Stock Exchange for the listing of 85 million Taiwan depository receipt (TDR) units (or 42.5 million new ordinary shares), at an indicative offer price
        Source: Bloomberg  -  408 words
      • Article, Illustration
        Lock icon Neptune Orient Lines
        287 8  -  March 7 close: $2.06 DBS Vickers Research, March 7 Compiled by LYNETTE KHOO WHILE volumes continued to surprise in Q4 FY10, largely driven by intra-Asia trade growth, freight rates have continued to weaken in recent months as supply has held steady despite the weak season. Operating costs
        Source: Bloomberg  -  287 words
      • Article
        Lock icon Glossary:
        137 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        137 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,447 15,447 55,157 55,157 Manufacturing 215,376 20,883 236,259 163,423 963 164,386 Commerce 78,117 3,665 81,782 109,025 777 109,802 Tpt/Stor/Comms 85,753 1,021 86,774 204,029 242 204,271 Finance 28,773 28,773 139,340 139,340 Construction 15,301 33,696 48,997 4,427
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.750 CapitaLand 3.360 -0.010 CapitaMall 1.840 +0.020 CityDev 11.180 +0.020 ComfortDelGro 1.520 DBS Grp 14.340 +0.140 F&N 5.810 +0.010 Genting SP 1.980 -0.010 Golden Agri 0.690 -0.015 HK Land 7.130 +0.030 JMH 47.000 -1.000 JSH 28.260 +0.040 Jardine C&C 34.980 -0.380
      111 words
    • Article, Illustration
      Lock icon Euro soars to 4-mth high against dollar
      439 8 CURRENCIES Reuters [LONDON] The euro jumped to a fourmonth high against the US dollar yesterday, as expectations of a eurozone interest rate hike next month helped it vault back above US$1.40 and investors shrugged off a ratings downgrade of Greece. Traders said the
      Reuters; BLOOMBERG  -  439 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Dyna-Mac 77,456,000 Golden Agri 75,388,000 Genting SP 48,092,000 Sinomem Tech 34,115,000 TopGlobal 33,318,000 Noble Grp 30,553,000 ChinaGaoxian 28,506,000 SingTel 26,475,000 NexGenSCom 19,405,000 Z-Obee Hldgs 13,536,000 VALUE($) Genting SP 95,278,565 SingTel 77,921,490 Noble Grp 65,396,310 Golden Agri 52,145,240 SIA 45,087,064 SembMar 41,192,650 DBS Grp 39,950,659 Dyna-Mac 35,286,495
      56 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP GLD 10US$ ***** 197.6 1.1 IS S&P500 ***** 184.9 1.1 IS DJ US Tech 6803 127.9 1.5 Pru 500US$ 1150 48.1 3.4 IS MSCI Spore 1334 40.5 2.5 Lyxor MS India 10US$ 1611 40.5 2.0 DBXT S&P Short 10US$ 4275 36.7 0.7 DBXT MSUSA 10US$
      118 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-349.6 -2.2 JMH 4700-126.7 -2.1 UOB 5.05%NCPS 100 ***** -48.0 -0.5 Jardine C&C 3498 -38.0 -1.1 Lyxor India Nifty 10 1532 -33.0 -2.1 DBXT MSJAP 10US$ 4210 -29.1 -0.5 Lyxor Korea 10US$ 506 -29.1 -4.3 SIA 200 1348 -24.0 -1.7 DBXT MSINDIA
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      170 9 Panasonic ideas for life vA jr Tj EVERY CALL MATTERS i V f m Panasonic n >r #<#«» *> #<§_ T Singapore's PBX Market Share Leader Source: MZA 2009 Ranking OWGS 91 PANASONIC TDE100 FEATURES The KX-TDE series Pure IP PBX are advanced corporate communications providing both IP telephony features
      170 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Trade finance unit not viable: Hwee Hua
      428 10  -  Government now more likely to engage private providers to run the show for a fee YESTERDAY IN PARLIAMENT By TEH SHI NING THERE is insufficient economies of scale to set up a full-fledged institution to address the trade and internationalisation finance gaps in
      428 words
    • Article, Illustration
      Lock icon Govt spares no expense in boosting education
      703 10  -  It will invest $10.9b this year, a 10% increase from 2010 Reports by LEE U-WEN THE government is investing a total of $10.9 billion in the education sector this year, an increase of 10 per cent from 2010 and almost double the amount
      703 words
    • Article
      Lock icon Greater incentive now for workers to upgrade their skills
      434 10 MORE adult workers will have extra motivation to go back to school thanks to improved subsidies and oneoff grants to help them earn that degree or diploma. The government is opening up another 3,600 training places for professionals, managers, executives, and
      434 words
    • Article
      Lock icon SMU to have $60m analytics research centre
      458 10  -  By AMIT ROY CHOUDHURY SINGAPORE will soon be one of the world’s pre-emi-nent centres of excellence in computational social science once the newly announced Living Analytics Research Centre (LARC) is established here. The $60 million centre, being built by Singapore Management University (SMU)
      458 words
    • Article, Illustration
      Lock icon Job market’s outlook most upbeat since Q3 2008
      480 10  -  33% of employers predict an increase in headcount: survey By CHUANG PECK MING SINGAPORE’S job market continues to grow hotter with the outlook for the next three months the most upbeat in two-and-a-half years, according to the latest employment poll. “With 33
      Source: Manpower  -  480 words
    • Article
      Lock icon IBM unveils US$38m cloud computing centre
      246 10 IBM announced yesterday a US$38 million investment in a new IBM Asia Pacific Cloud Computing Data Centre in Singapore. The new centre will provide businesses with solutions and services to harness the potential of cloud computing. Scheduled to launch in April, the centre will
      246 words
    • IN BRIEF
      • Article
        Lock icon Portal to share government data
        76 10 A portal to facilitate the sharing of government data with the public, and encourage individuals and companies to co-create applications and services by tapping on government data, will be launched in the second half of this year. The Data.gov.sg portal was one of two initiatives,
        76 words
      • Article
        Lock icon Simplified tax return form for smaller firms
        91 10 IRAS will be introducing a Simplified Income Tax Return (Form C) for small companies with annual turnover of no more than $500,000 to help lighten their administrative burden, Minister Lim Hwee Hua said yesterday. IRAS intends to implement this new form from YA2012,
        91 words
      • Article
        Lock icon Proposals for new accountancy course
        101 10 The Pro-Tem Singapore Accountancy Council will soon be calling a tender to invite proposals for the development of the new “Qualification Programme” to provide accountancy graduates with an additional option to equip themselves with expertise, skills and knowledge relevant to the Asian marketplace. Minister Lim
        101 words
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  • SME Inc
    • Article
      Lock icon Small cap portfolio falls, led by S-chips
      458 11  -  By TEH HOOI LING THE uncertainties in the world economy are sidelining market participants, with volume traded in the Singapore Exchange dwindling to just over $1 billion yesterday. In the current environment, small cap stocks are suffering the most. Compared with two weeks
      458 words
    • Article, Illustration
      Lock icon Plugging gaps in the lifestyle market
      914 11  -  Cynthia Chua has made Spa Esprit an international brand by doing what she loves, reports WOMEN ENTREPRENEURS SEAN TAN REMEMBER the good old days when you were young and all you wanted was to own that candy store down the road and live happily
      PHOTOS BY ARTHUR LEE  -  914 words
    • Article, Illustration
      Lock icon A marriage that makes absolutely perfect cents
      853 12  -  The success of local fashion label Jos Rachel has less to do with design than their efforts in public relations and branding, reports WOMEN ENTREPRENEURS SHEERE NG WHILE Joscelin Kwek and Rachel Ho may have, like most brides-to-be, faced an enormous pressure planning
      YEN MENG JIIN  -  853 words
    • Article, Illustration
      Lock icon Dreaming big at Fusion Cosmetics
      900 12  -  By MIAK AW WHEN Lynn Tan left her job in an advertising firm for local beauty distribution company Tai Hwa Distributors, she gave herself two years to become her own boss after learning the ropes of running a business. The aspiring entrepreneur stayed true to
      YEN MENG JIIN  -  900 words
    • Article, Illustration
      Lock icon Foreland Fabrictech holds the fort well
      883 14  -  To bring up profits, it diversified its customer base, SMALL CAPS reports LINETTE LIM THE 2008-2009 financial downturn severely impacted Fu-jian-based Foreland Fabrictech’s corporate earnings in 2009 and 2010. The vertically integrated fabric manufacturer’s net profit dipped 70 per cent to 32.6 million yuan
      YEN MENG JIIN  -  883 words
    • Article
      Lock icon Parallel imports, lag effect, and start-ups
      828 14 ASK NUS PROFS Q: I am considering importing certain products that are retailing via either directly owned stores or franchisees in Singapore, and sell them here at a price lower than the local retail price. However, I have been told that it might be
      828 words
    • Article
      Lock icon Building a family business to last
      952 14  -  COMMENTARY By ANDREAS RAHARSO The writer is director, Hay Group Global Research Centre for Strategy Execution TO ensure survival, it is a widely held notion that fam-ily-owned businesses (FOBs) must professionalise. On the surface, this is generally considered to be a necessary step in
      952 words
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      165 11 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices 0 Ks ONif 9 Singapore Brand Conference m TRUST f I I 1 W W I BRAND CONCEPT O Q K XI m TRUST D STRATEGY Thursday, 31 March 2011 Suntec Convention Centre, Ballroom
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      304 12 Voices We are extending the deadline to last week's topic: “The government is offering a one-off “SME Cash Grant” this year, amounting to 5 per cent of a company’s revenues in YA2011 and subject to a cap of $5,000. Is this sufficient to help your company cope with higher costs
      304 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Enhancing value through key drivers
      1219 13 Unlocking a company’s value is all about managing well the growth, profitability and risk of the company ENHANCING the value of your company depends on how well you manage growth, profitability and risk. Growth and profitability naturally have a positive impact on the value, whereas
      STOCK.XCHNG  -  1,219 words
    • Article
      Lock icon Illustration of capital and cash flow management
      153 13 CONSIDER a company that has revenue of $100 million and profits of $3 million. Due to credit terms the company has 45 days of revenue tied up net in working capital (inventories, receivables and creditors). This company needs investors to provide capital of
      153 words
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      266 13 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, three SMEs will each receive S$390,000 in prizes comprising an interest-free* loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation Award" will
      266 words
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      121 14 How to run a business without running out of ideas. March/April issue out now! Eight tips on making use of social media. Is there is still hope for the spa sector after the recent spate of closures? ACRA to pay more attention to corporate governance and smooth the path for
      121 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan to beat inflation but risks remain for economy
      529 15 [TOKYO] Japan is expected to make progress in beating deflation but risks to its economy remain, a senior Bank of Japan official said, stressing that the central bank is sticking to its ul-tra-easy policy bias. BOJ Deputy Governor Hirohide Yamaguchi said
      AP  -  529 words
    • Article
      Lock icon Manila tax cheat campaign paying off
      213 15 AFP [MANILA] A high-profile name-and-shame campaign against tax cheats helped the Philippines keep its 2010 budget deficit from spinning out of control, Finance Minister Cesar Purisima said yesterday. The government said that last year’s funding gap was limited to 314.4 billion pesos (S$9.19 billion),
      AFP  -  213 words
    • Article
      Lock icon 3 in 5 economists say Fed’s US$600b stimulus is working
      395 15 Over half think monetary policy is just right: NABE Reuters [WASHINGTON] Most economists believe that the Federal Reserve’s bond-pur-chase programme is helping to support US growth, though some remain sceptical, a survey released yesterday found. The survey from the National
      Reuters  -  395 words
    • Article
      Lock icon Slower growth in UK manufacturing
      410 15 Still, firms are upbeat amid concerns of rising energy and raw material costs Reuters [LONDON] British manufacturing activity grew more slowly at the start of 2011 after record performances in the previous three quarters, but firms are optimistic about the future despite having to raise
      Reuters  -  410 words
    • Article
      Lock icon Corporate bond holdings with dealers rising
      550 15 High-risk securities in demand as US economy improves Bloomberg [WASHINGTON] Holdings of corporate bonds among Wall Street’s biggest dealers are approaching the highest level in more than a year as an improving US economy and Federal Reserve policy drive investor demand for the securities.
      Bloomberg  -  550 words
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      262 15 CFA Institute—EDHEC-Risk Institute Advances in Asset Allocation Seminar State-of-the-art risk management and asset allocation processes for product innovation London, 30 November—2 December 2010 New York, 8—10 March, 2011 Singapore, 29—31 March 2011 Bridging the Gap between Portfolio Theory and Portfolio Construction Exploring New Forms of Indices and Benchmarks Understanding the
      262 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Najib may call for early general election
      568 16  -  Poll deadline is June 2013 but it’s clear PM wants snap poll before economy flags By S JAYASANKARAN in Kuala Lumpur TWO big victories by the ruling Barisan Nasional (BN) coalition in byelections on Sunday could embolden Prime Minister Najib Razak to call
      REUTERS  -  568 words
    • Article
      Lock icon New Bursa boss has work cut out
      430 16 [PETALING JAYA] Incoming head of Bursa Malaysia Tajuddin Atan faces many challenges in ensuring that the bourse remains a destination of choice for issuers and investors, and in developing it into an attractive and competitive exchange in the region, analysts say. Gerald Ambrose,
      430 words
    • Article
      Lock icon Higher oil prices putting crimp on Indonesia stocks
      201 16 Bloomberg [JAKARTA] Indonesian stocks depend on a drop in oil prices to extend a rally that has driven the benchmark index to a sevenweek high, the nation’s top brokerage said. The Jakarta Composite index may climb further provided corporate earnings weather higher
      Bloomberg  -  201 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      1719 16 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg RAFFLES EDUCATION CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0712N) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an extraordinary general meeting (the“EGM”) of Raffles Education Corporation Limited (the “Company”) will be held at Vanda Ballroom, Level
      1,719 words
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      Lock icon Page 16 Advertisements Column 2
      373 16 NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TRINITY RESEARCH PTE LTD (IN MEMBERS’VOLUNTARY LIQUIDATION) (Co. Reg. No: *****1963W) NOTICE IS HEREBY GIVEN that the Final General Meeting of the members of the abovenamed Company will be held at 331
      373 words
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      525 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SAHABAT COMPANY (PTE) LIMITED (Incorporated in the Republic of Singapore) Company Reg. No. *****1772H At an Extraordinary General Meeting of the members of SAHABAT COMPANY (PTE) LIMITED duly convened and held at 101 Cecil Street, #16-11 Tong Eng Building, Singapore *****3
      525 words
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      4563 17 VOLUNTARY CONDITIONAL CASH OFFER by DBS BANK LTD. (Company Registration No.: *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of CLEAN WATER INVESTMENT LIMITED (Company Registration No.: *****4) (Incorporated in the Cayman Islands) to acquire all the issued and paid-up ordinary shares in the capital of SINOMEM
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Stock markets to gain from state projects
      537 18 Alternative energy, Internet software, and consumer firms to benefit most: fund CHINA NATIONAL PEOPLE’S CONGRESS Bloomberg [SHANGHAI] China’s plans to boost domestic consumption and invest more in underdeveloped industries including technology in the next five years will boost the nation’s stock market, according
      Bloomberg  -  537 words
    • Article, Illustration
      Lock icon Hard work key to easing poverty, says China’s richest man
      454 18 AFP [BEIJING] China’s richest man on Sunday rejected criticism that the rich have done little to help the country’s millions of poor and said hard work was the key to lifting themselves out of poverty. China has struggled to spread
      AFP; XINHUA  -  454 words
    • Article
      Lock icon Key ally quits India’s govt but coalition safe for now
      427 18 Reuters [NEW DELHI] Leaders of a key party in India’s ruling coalition travelled to Delhi yesterday to formally quit the government, a move that will force a weakened prime minister to find alternative alliances to stay in power. The move
      Reuters  -  427 words
    • Article
      Lock icon DB Realty shares plunge to record low
      293 18 Reuters Bloomberg [MUMBAI] Shares in Indian developer DB Realty touched a record low yesterdayafter its managing director Shahid Balwa, embroiled in a widening telecom corruption investigation, resigned from his position. The Mumbai-based company’s shares opened 15 per cent lower at 100 rupees before
      Reuters; Bloomberg  -  293 words
    • Article
      Lock icon Cut in deficit seen boosting China bonds
      653 18 Yield on 10-year govt note has fallen 23bp to 3.94% Bloomberg [BEIJING] China’s plans to cut its budget deficit and rein in investment by local governments will support the debt market after the longest rally in benchmark bonds in seven months, the nation’s
      Bloomberg  -  653 words
    • Article
      Lock icon Trade ties in jeopardy, Cameron tells Singh
      271 18 India’s non-transparent business climate could hurt growth of ties, he warns Reuters [NEW DELHI] India’s unpredictable and non-transparent business climate could derail the growth of trade ties between Britain and Asia’s thirdlargest economy, British Prime Minister David Cameron has warned his Indian counterpart.
      Reuters  -  271 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      122 18 SALE OF BIODIESEL PLANT AND BUILDING at 2 Seraya Place, Jurong Island, Singapore *****7 Land Area approx 18,610 m. sq Floor Area approx 4,716.83 m. sq Land/Building Tenure 30 yrs w.e.f 16/06/2000 "As Is Where Is" Closing Date 21 March 2011, by 12.00pm Viewing Strictly by Appointment Only Tel Roger
      122 words
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      Lock icon Page 18 Advertisements Column 2
      407 18 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRUNO TRADING (SINGAPORE) PTE LTD COMPANY REGISTRATION NO. *****0377C (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a Final
      407 words
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  • WORLD
    • Article
      Lock icon Govt-backed deals boost investment bank fees
      720 19 JPMorgan retains top ranking for 3rd year with total fees topping US$4.1 b Bloomberg [NEW YORK] Investment bankers, whose institutions have already been bailed out to the tune of US$817 billion across the globe, now have something else to thank taxpayers for: deals. In
      Bloomberg  -  720 words
    • Article, Illustration
      Lock icon Rosy outlook for Asia-Pac tourism
      685 19 AFP [HONG KONG] The sun is shining on the tourism trade in Asia-Pacific with double-digit growth notched up in 2010, spurred largely by Chinese and Indian middle classes packing their bags for a break abroad. Strong economies, the proliferation of low-cost airlines and a burgeoning
      AFP  -  685 words
    • Article
      Lock icon Russia attempts to woo private equity: source
      534 19 It may set up a fund and a committee to look at investment Reuters [NEW YORK] International private equity firms may be tempted to Russia by two potential initiatives a fund and a committee to look at investment in the country, a source
      Reuters  -  534 words
    • Article
      Lock icon Miners eyeing South Pacific
      458 19 Reuters [HONIARA, Solomon Islands] An Australian miner is due to restart a gold mine in the Solomon Islands this week, signalling that the commodities boom has finally caught up with one of the world’s most remote regions the South Pacific islands. The miner, Allied Gold, is
      Reuters  -  458 words
    • Article, Illustration
      Lock icon Pro-Gaddafi forces strike oil town
      551 20 Chances of lengthy conflict high; UN says over 1m need humanitarian aid Reuters [RAS LANUF, Libya] Government forces seeking to dislodge rebels from Libya’s strategically important coast struck at the oil town of Ras Lanuf yesterday amid quickening efforts to prevent more humanitarian suffering and
      Reuters; REUTERS  -  551 words
    • Article, Illustration
      Lock icon Barclays CEO awarded £6.5m bonus for 2010
      538 20 Largest payout for a UK bank exec fuels anger among unions AP [LONDON] Barclays plc has awarded its new chief executive Bob Diamond a £6.5 million (S$13.4 million) bonus for last year less than anticipated but a still hefty payout as pressure grows
      AP; REUTERS  -  538 words
    • Article, Illustration
      Lock icon Investigative journalism gets new lease of life
      673 20 US broadcasters re-focus coverage AP [WASHINGTON] America’s national and local public broadcast stations are hiring more journalists and pumping millions of dollars into investigative news to make up for what they see as a lack of deep-digging coverage by their for-profit counterparts. Public
      AP; AFP  -  673 words
    • Article
      Lock icon LVMH takes control of Italy’s Bulgari
      216 20 AFP [PARIS] LVMH, the world’s leading luxury retailer, said yesterday it will take control of Italian top-end jeweller Bulgari in a deal worth nearly two billion euros (S$3.5 billion). An accord reached with the controlling Bulgari family for the company, founded in 1884, will
      AFP  -  216 words
    • Article
      Lock icon Employment index up for 5th month in Feb
      303 20 LATEST US DATA Bloomberg [WASHINGTON] Job prospects in the United States improved in February for a fifth consecutive month, a sign employers plan to boost payrolls. The Conference Board’s Employment Trends Index (ETI) increased 1.7 per cent to 101.7, the highest level
      Bloomberg  -  303 words
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      218 19 I Invest your money with someone you can trust. fe&k GO W FX One of Singapore's largest institutional leverage FX brokerage is now open to aliinvestors online. Zero commission i As low as 1 pip bid/offer spreads Receive live streaming interbank FX prices from the interbank market Microlots of 5,000
      218 words
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      52 21 I I Jt ess V- v If you can handle clients butchering your ads, you may have the stomach for this. 4iW <ecutions. Brutal clients. Jf this ay's work for you, then this will p your abattoir. lis Singapore's first industry-wide inst each othiT i strat .r. "i >vV £8
      52 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon EU green scheme set to hit airlines hard
      496 22 EDITORIAL EVEN as the airline industry braces itself for a year of higher fuel costs, it will have to start preparing for the start next year of the European Union’s new greenhouse gas (GHG) emissions trading scheme (the EU ETS). Airlines account
      496 words
    • Article, Illustration
      Lock icon Diminishing returns of college degrees getting bigger
      791 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT IT is a truth universally acknowledged that education is the key to economic success. Everyone
      NYT  -  791 words
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      Lock icon Rewarding honesty and punishing deception
      947 22  -  Understanding the dynamics within different cultures can help reduce misconceptions By CYNTHIA S WANG The writer is an assistant professor of the department of management organisation, NUS Business School. She specialises in ethical decision-making, negotiations and bargaining, and social diversity. This research was done in
      AP  -  947 words
    • Article
      Lock icon Restore economic liberalism – fast
      1133 23  - Restore economic liberalism fast The social-engineering stormtroopers of 21st century illiberalism creating mayhem must be halted in their tracks By RAZEEN SALLY The writer is director of the European Centre of International Political Economy and on the faculty of the London School of Economics THE global economic crisis marked the
      1,133 words
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      Lock icon Test yourself and predict the economy – if you can
      914 23  - Test yourself and predict the economy if you can Try out your skill or luck as an economic seer in the 2011-2012 Derby of Economic Forecasting Talent By JOHN DORFMAN John Dorfman, chairman of Thunderstorm Capital in Boston, is a columnist for Bloomberg News. The opinions expressed are his own.
      ILLUSTRATION: LUDWIG ILIO  -  914 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Surveillance done on all counters
        175 23  -  Richard Teng Senior vice-president head, issuer regulation, Singapore Exchange WE refer to your commentary, “Enforce level playing field before suspension” (BT, March 4). We would like the public to rest assured that SGX conducts market surveillance on all counters. Any unusual trading activity will be
        175 words
      • Article
        Lock icon Normal Changi practice for Jetstar flight info
        225 23  -  Yeo Kia Thye Director Airport operations Changi Airport Group WE refer to the article “Jetstar says Changi Airport partly to blame for flight cancellations” (BT, March 2). We understand that airlines may cancel their flights for various reasons. A flight would be displayed
        225 words
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      103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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  • AVIATION
    • Article
      Lock icon Thai AirAsia eyes US$150m from IPO
      434 24  -  Lead underwriters named, share listing seen by year-end on Thai bourse By VEN SREENIVASAN [SINGAPORE] Thai AirAsia, the 49 per cent-owned Thai unit of the Malaysian budget carrier, yesterday announced the appointment of Credit Suisse Securities (Thailand), CIMB Securities (Thailand) and Thanachart Securities Public
      434 words
    • Article
      Lock icon Asia set to be world’s largest aircraft market
      616 24 AFP Reuters Bloomberg [HONG KONG] Asia will emerge as the world’s biggest aircraft market by 2029, accounting for a third of worldwide plane deliveries as the region’s growing middle class drives demand, Airbus said yesterday. The European plane maker also said it
      AFP; Reuters; Bloomberg  -  616 words
    • Article
      Lock icon Opening of new Dubai terminal delayed
      377 24 Reuters [DUBAI] The opening of the passenger terminal at Dubai’s new airport, set to be the world’s largest, will be further delayed to 2012, but the emirate’s air industry should benefit from unrest in the Arab world, the chief executive of Dubai Airports said.
      Reuters  -  377 words
    • Article, Illustration
      Lock icon Foreign workers fleeing Libya overwhelm Tunisian resort airport
      555 24 AFP [DJERBA, Tunisia] Thousands of foreign workers desperate to flee deadly unrest in neighbouring Libya have turned the airport of this scenic Tunisian resort island, normally thronged by Europeans in flip-flops, into another kind of gateway. With the fight to overthrow Muammar
      AFP; AP  -  555 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3298 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
      3,298 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      351 24 CRYPTIC CROSSWORD Across 1 Bribe gambler to accept help (4-6) 6 Under a strain to retain head of state (4) 9 Precious little weight a ton attached to vehicle (5) 10 A couple of Mary’s rhymes are a bit vague (4-5) 12 Spell ‘Assuage’ (7) 13 Lights not working inside
      351 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3604 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination COMMODORE
    3,604 words
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  • SHIPPING
    • Article
      Lock icon Arcus makes takeover bid for Forth Ports
      343 26 Reuters [LONDON] Forth Ports has received a takeover approach valuing the operator at £745 million (S$1.54 billion) from its largest shareholder, Arcus European Infrastructure Fund, and has given Arcus access to its books. Forth Ports, which owns and operates seven commercial ports in
      Reuters  -  343 words
    • Article, Illustration
      Lock icon Libya oil exports seen falling as crisis worsens
      583 26 Reuters [LONDON] Libyan crude oil shipments are set to slide in the coming days as mounting violence, falling oil output, the impact of sanctions and rising freight costs take their toll on Africa’s third-largest producer. As fighting continues across Libya, the oil
      Reuters; REUTERS  -  583 words
    • Article
      Lock icon Lion Group cites Viet partner for project’s failure
      311 26 US$9.8b project not given adequate import tariff protection: Lion AFP [HANOI] Malaysian conglomerate The Lion Group has blamed problems at Vietnam’s scandal-hit shipbuilder Vinashin for the failure of a multi-billion-dollar joint venture. The US$9.8 billion project by state-owned Vietnam Shipbuilding Industry Group
      AFP  -  311 words
    • Article
      Lock icon Essar extends biggest rally in 7 mths on plans to split
      251 26 Bloomberg [MUMBAI] Essar Shipping Ports Logistics Ltd, India’s largest shipping company by market value, extended its biggest three-day rally in seven months after saying that a court ruled in favour of its plan to split its business in two.
      Bloomberg  -  251 words
    • Article
      Lock icon TRANSPORT ST0CKS
      279 26 SGX '000 Mar 7 S$ +/-Vol CH Offshore 0.45 unch 110 Chuan Hup Hldg 0.24 unch 85 Cosco Corp 2.00 -0.01 9258 CWT Ltd 1.22 0.01 1481 Ezra Hldgs 1.75 0.03 8180 First Ship Lea 0.42 unch 232 Freight Links 0.07 unch 102 Grand Banks unch unch 0
      279 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8404 27 Transaction date: Mar 7 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5 -0.5 150 17.5 17.5 17.5 18 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 6.5 6.5 7
      8,404 words
    • Article
      Lock icon SGX CATALIST
      1578 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4.5 4 5 21.4 4.3 225 130 t APStrategic 167 159 168 99.1 1.5 0.5 t Advanced System 0.5
      1,578 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9569 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.07/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
      9,569 words
    • Article
      Lock icon GLOBALQUOTE
      232 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53cd 52 55 3.6 6.6 4.2 138 55 16 Genting HK US$ US40.5 +0.5 ***** 41 39.5 40 40.5 2666.7 21 8 Over&Gen A14
      232 words
    • Article
      Lock icon SGX ETF
      858 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.1 +0.1 15 111.1 111.1 111.1 112 507.2 1070 761 CIMBAsean40 100US$ US1023 +3 9 1023 1023 1023 1034 40.9
      858 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 29 In local curr In S$ In US$ dy yr dy yr dy yr Mar 4 Index Change Change Change Change Change Change World Index Preliminary 937.0 -0.2 4.4 -0.3 4.2 -0.2 5.4 EAFE Preliminary 826.6 0.0 3.2 0.0 4.0 0.1 5.2 Europe Preliminary 1200.2 -0.5
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 29 Mar 7 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.32 0.22 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.58 0.48 9 months 0.80 0.60 12
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Mar 7 S$ Bid Offer 1-month 1.2664 1.2674 2-months 1.2662 1.2673 3-months 1.2660 1.2671 6-months 1.2654 1.2665 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 Mar 07 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.253 Can dollar 1.327 1.276 Euro 1.805 1.736 Sterling pound 2.098 2.018 NZ dollar 0.959 0.914 US dollar 1.286 1.237 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 29 Mar 7 Open High Sett STI Mar 3061 SIMSCI Mar 360.2 361.9 360.6 Taiwan Mar 313.7 315.3 311.4 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      65 29 Mar 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3732 3740 3750 3732 253 1713 Apr 11 3700 3730 3730 3700 1357 ***** May 11 3660 3695 3700 3660 ***** ***** Jun 11 3634 3665
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      469 29 Mar 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6900 0 4827 Jun11 99.6400 0 2107 Sep11 99.5400 0 3614 Dec11 99.3750 0 2600 EUROYEN TIBOR FUTURES Mar11 99.6600 99.6600 99.6600 99.6600 0 6273 Jun11 99.6525 99.6525 99.6525 99.6500 0 1536 Sep11 99.6400 99.6400 99.6400
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    • Article
      Lock icon SICOM FUTURES
      131 29 Mar 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 590.0 578.0 577.0 132 May 11 580.0 Jun 11 580.0 Jul 11 575.0 Aug 11 570.0 Sep 11 565.0 Oct 11 560.0 Nov 11 554.0 Dec 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 29 Mar 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 09.06.2011 0.33 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.47 5-Year N*****0S 2.875 01.07.2015 107.4 107.58 107.45 10-Year NY*****N
      79 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Mar 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1407.75 1405.50 1418.00 1391.25 May 11 1414.00 1412.00 1424.50 1395.75 Jul 11 1421.25 1419.25 1431.50 1403.00 Aug 11 1408.00 1406.25 1414.75 1393.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 58.96
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 29 CRUDE OIL PRODUCTS Mar 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.05 1.00 WTI (Near Mth) 104.73 2.87 Dubai (1-Mth F) 109.71 0.09 Tapis blend 120.10 -0.35 Minas 115.90 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.28 1.72 Jet Kerosene 131.65 0.65 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2505 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 23 1 10 -10 1.59 56 Asia-Pacific Strategic W*****6 32 1 150 9 5.22 38 ASJ Hldgs W*****1 1.5 -1.5 30 1 4 22 3.00 11 AlliedTech W*****2
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 29 Mar 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 6.645 0.725 7.884 45.698 88.972 0.833 11.330 3.068 1.375 86.401 43.820 1.283 6.975 0.937 29.759 30.828 0.623 1.012 Canada 1.016 6.753
      464 words
    • Article
      Lock icon SIBOR
      85 29 Mar 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 Mar 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2818 1.2834 1.0120 1.0125 Canadian dollar 1.3028 1.3044 1.0286 1.0290 Euro 1.7691 1.7706 1.3967 1.3968 NZ dollar 0.9320 0.9340 0.7358 0.7368 Sterling pound 2.0589 2.0611 1.6255 1.6260
      154 words
    • Article
      Lock icon PRECIOUS METALS
      140 29 Mar 7 GOLD (US$/oz) Mar 04 Mar 07 Hong Kong 1418.00 1437.00 Mar 03 Mar 04 London 1420.20 1427.80 1421.00 1428.55 Source: Thomson Reuters CAST BAR Mar 07 (S$) Selling Buying Kilobar "62,721.26" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 59 5gm 399 293 10gm 713
      140 words
    • Article
      Lock icon LONDON METALS
      71 29 Mar 4 Mar 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2567.50 2580.00 3 months 2600.00 2612.00 Copper, Grade A (US$/tonne) Cash 9886.50 9903.50 3 months 9895.00 9915.00 Lead (US$/tonne) Cash 2637.25 2625.00 3 months 2630.00 2618.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      82 29 Mar 4 COCOA (£/tonne) Close Prev High/Low Mar 11 2353 2405 2433/2349 May 11 2340 2396 2425/2335 Jul 11 2276 2323 2348/2273 Sep 11 2250 2284 2306/2246 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2349 2335 2361/2335 May 11 2390 2382 2408/2376 Jul 11 2403 2397 2421/2390 Sep 11
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  • PROPERTY
    • Article, Illustration
      Lock icon CDL raises H20 Residences average price to $920 psf
      708 30  - CDL raises H 2 0 Residences average price to $920 psf 150 units sold of 200 released so far; S’poreans account for 85% of buyers By KALPANA RASHIWALA CITY Developments Ltd (CDL) has raised slightly the average price of its H20 Residences condo in Sengkang to about $920 psf over
      FAR EAST ORGANIZATION  -  708 words
    • Article, Illustration
      Lock icon Amber Glades sold en bloc for $118.1m
      333 30  -  Far East paying $1,066 psf ppr, inclusive of $4m DC By KALPANA RASHIWALA FAR East Organization is understood to have bagged Amber Glades through a collective sale. The price is said to be $118.12 million, which works out to about $1,066 per square
      COLLIERS INTERNATIONAL  -  333 words
    • Article
      Lock icon Pine Grove up for tender with $1.7b price tag
      503 30  -  893,219 sq ft site could yield up to 1,500 units By FELDA CHAY PINE Grove is up for sale by public tender with an estimated reserve price of $1.7 billion. Marketing agent Jones Lang LaSalle (JLL) said the Ulu Pandan HUDC
      503 words
    • Article, Illustration
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