The Business Times, 12 March 2008

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Microfilm: NL28857
Total Pages: 33
1 33 The Business Times
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  • Title Section
    Lock icon Masthead
    26 1 THE BUSINESS TIMES Singapore 85 cents online at http://business-times.asial .com.sg «P* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 122/12/2007 Wednesday, March 12,2008
    26 words
  • Article
    Lock icon A dash of populism with a dose of merit
    838 1  -  S JAYASANKARAN M'SIA ELECTIONS AFTERMATH Opposition-ruled states in M'sia to have open bidding for govt projects, no discrimination LIM GUAN ENG, Penang's new chief minister who was sworn in yesterday, kicked off his new administration in populist style. He waived all
    838 words
  • Article, Illustration
    Lock icon Foreigners snap up homes as rents start to bite
    740 1  -  ARTHUR SIM 3J 3O 3/ 3O 33 UU UI UZ. UO UH UJ UO U/ Source: I Their purchases could account for half of 2007 transactions on the secondary market [SINGAPORE] A record number of foreigners here have opted to purchase
    URARealis, DTZ Research  -  740 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 1 COMP 1,206.54 +33.32 IIKKEI 225 12,658.28 +126.15 IANG SENG 22,995.35 +290.30 ;et index 819.83 +13.18 IAKARTA COMP 2,523.53 -4.33 IANILA COMP 2,909.00 +0.12 ;eoulcomp 1,641.48 +16.31 ;henzhenb 599.56 -9.56 IUMBAI IND 16,123.15 +199.43 12N00N EDT Change 11,896.16 +156.80 IOW IASDAQ 2,198.97 +29.63
      44 words
    • Article
      Lock icon PRIME RATES
      29 1 SINGAPORE 5.33 MALAYSIA 6.74 HONG KONG 5.75 INDONESIA 15.650 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.25 SWITZERLAND 4.37 INDIA 12.25 Source: Bloomberg
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      39 1 IS$ (S$ ier US$) 1.388 (US$/S$ per 2.007 2.787 ;URO(US$/SS/E) 1.535 2.132 'EN 102.2 73.60 3.201 2.305 m 7.788 5.610 !AHT 31.59 22.75 lUPIAH 9,195 6,623 lENMINBI 7.105 5.118 INDIAN RUPEE 40.48 29.16 1.086 0.782 IZ$ 1.259 0.907
      39 words
  • Page 1 Advertisements
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      27 1 8 *****1 *****4 A /s2^ bM M i J i/y^L J^D^M BTTa if/1' /y/ A. IBL«^M.\:: h3 J| 11 iBl J^Stß^^" BWJt v bTJ BrfT^P^HIHR^SWRWiHfII^HBBrMBfJSHBnHBIftVHP^BI BB^^^^^^^^^^^^^^^^^^BB B^BCfl^^^^^^R^^^^^P^^^^^^^^^^^^^^^^^^^s^^^^^^B^^rTT^VTT^^T^¥»^ftP^ffTiT«J^B^rTw^^l^^rT^B^r^lw^Ti^^ff^^^^^B^B
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 ji.Vm BAnERED MOTORING EXEC MONEY ELIOT SPITZER J^; BRITAIN Orchard Credit in ÜBS, Citi top choices Call-girl tryst bedevils v* Ap*. IUK hit by severe storms used exotic car trade for rich Asians Sheriff of Wall St i'^ "kl PAGE 2 PAGE 20 PAGE 32 PAGE 2 I
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  • TOP STORIES
    • Article
      Lock icon Britain reels from bad weather
      709 2  -  NEIL BEHRMANN Electricity cut, property damaged, ports closed, flights grounded BRITAIN is battered and bruised, following a terrible storm on Monday. Although winds have died down, the country is still reeling and is concerned that weather forecasters are predicting worse to come. Costs to the
      709 words
    • Article, Illustration
      Lock icon Sheriff of Wall Street brought down by call-girl tryst
      917 2 Reuters, AP, NYT, LAT-WP Eliot Spitzer, who humbled corporate giants, squirms after federal exposure [NEW YORK] For years, he was the scourge of the Masters of the Universe and the Sheriff of Wall Street. Now he's a joke. Legions of Wall
      Reuters, AP, NYT, LAT-WP; AP  -  917 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Fed taking further steps to ease credit crunch
        64 2 THE US Federal Reserve is ramping up efforts to counter the spreading credit crisis, announcing yesterday that it will make up to US$2OO billion available to cash-strapped financial institutions. The action is being coordinated with the Bank of Canada, the Bank of
        64 words
      • Article
        Lock icon Guocoland dives on options lapse
        76 2 SHARES of Guocoland fell victim yesterday to news that a fund company managed by Kuwait Finance House (Malaysia) Berhad did not exercise options to buy $814.8 million worth of apartments in Guocoland's upmarket project here. Following analysts' downgrade, the stock dived as much as 19
        76 words
      • Article
        Lock icon Sarin earnings dip 4.4% to US$8m
        50 2 SARIN Technologies announced an 18.5 per cent growth in revenue to US$37.l million for the financial year ended Dec 31, 2007. However, net profit for the diamond technology firm took a marginal dip of 4.4 per cent to US$B million. COMPANY NEWS, PAGE 8
        50 words
      • Article
        Lock icon Top bid for landed housing plot comes in at just $78psf
        87 2 IN what is seen as a sign of an uncertain property market, a landed housing parcel in Jurong West drew only two bids, and a low top bid of $11.8 million or just $77.8 per square foot. The higher
        87 words
      • Article
        Lock icon Japan opposition party rejects BOJ candidate
        56 2 JAPAN'S main opposition party will reject Prime Minister Yasuo Fukuda's candidate deputy governor Toshiro Muto to lead the central bank, deepening a political stand-off only a week before the current governor's term expires. The Democratic Party of Japan will also block Takatoshi Ito as
        56 words
      • Article
        Lock icon Soaring China inflation may spark unrest
        62 2 SOARING food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported yesterday, raising the risk of unrest. The 8.7 per cent rise in the consumer price index over last February exceeded forecasts and raised the
        62 words
      • Article
        Lock icon Investment bank stocks down in the pits
        45 2 INVESTMENT banks' stocks plunged to their lowest prices in years on Monday, as the unravelling of a host of investments raised the prospect of more losses on Wall Street and a seize-up in financing. WORLD NEWS, PAGE 15
        45 words
    • Article
      Lock icon Jan manufacturing growth was 11.7%
      241 2 Electronics up 8.7%, not down 6.7%: EDB [SINGAPORE] The manufacturing sector particularly electronics fared much better in January than earlier reported, the Economic Development Board (EDB) said yesterday. Its industrial output figures for January, which were released at end-Febru-ary, had a computation error. The corrected
      241 words
    • Article
      Lock icon GIC to invest 1b euros in Sintonia
      180 4 [SINGAPORE] The Government of Singapore Investment Corporation is investing about a billion euros (Ss2.l billion) in an infrastructure holding company, Sintonia SA. Under the deal, GIC Special Investments (GICSI) will acquire a 3 per cent stake in Sintonia SA from Sintonia SpA, which
      180 words
    • Article
      Lock icon Good, bad or ugly, S'pore will feel KL ripples
      636 4  -  CHUANG PECK MING COMMENTARY WITH the country just next door and its economy so tied to Singapore's (it is, after all, the Republic's top trading partner), the question just has to be asked: just how could the outcome of Malaysia's general
      636 words
    • Article, Illustration
      Lock icon Fed pledges US$200b to fight growing credit crunch
      611 4 -AP Market reacts as US central bank says it stands ready to lend to cash-strapped financial institutions [WASHINGTON] The US Federal Reserve is ramping up efforts to counter the spreading credit crisis, announcing yesterday that it will make up to US$2OO billion
      -AP; BLOOMBERG  -  611 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      235 2 High Commission of the Republic of Trinidad and Tobago Gateway to the Caribbean and Latin America A Trade and Investment Mission toTrinidad and Tobago I His Excellency Pundit Maniedeo Persad, the High Commissioner P of the Republic of Trinidad and Tobago, will present business opportunities in the country's B^LI sectors
      235 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      101 3 ~^M kH Ml On March 14, a world-famous German cultural asset will come to town. On 200 wheels. On September 28, Porsche races in Singapore. Porsche Club Singapore celebrates its 20th anniversary with a parade of historic and contemporary sports cars cruising along Orchard Road starting at 3.30 pm on
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      1631 4 SIX PAN OCEAN CO., LTD. (A corporation with limited liability established under the law of the Republic of Korea) (Company Registration No. *****1-*****86) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SIX Pan Ocean Co., Ltd. (the "Company") will be held at STX
      1,631 words
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      Lock icon Page 4 Advertisements Column 2
      99 4 New Revolutionary Office Chairs With Automatic Synchro Lumbar Support Features r^^K Ergohuman 3^rt m The Futuristic Office Mesh Chair Aluminium back support frame Wire control synchro mechanism Adjustable armrest Separate lumbar support Adjustable seat depth Separate headrest camber The Futuristic Office Mesh Chair wmr EJ-LAM 1[ EJ-LAM wE^f new conee
      99 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Guocoland dives on options lapse
      466 5  -  LYNETTE KHOO Shares hit as Kuwaiti-linked fund pulls out of $815 m property purchase SHARES of Guocoland fell victim yesterday to news that a fund company managed by Kuwait Finance House (Malaysia) Berhad (KFHMB) did not exercise options to buy $814.8 million worth of apartments
      : Bloomberg  -  466 words
    • Article
      Lock icon Environmental risks matter for plantations
      742 5  -  MATTHEW PHAN INVESTORS and analysts have tended to focus on the direction of crude palm oil prices when evaluating the long-term potential of the business. Few give space to environmental or operational concerns, unless it is a few lines under the Risks section of a
      742 words
    • Article
      Lock icon Former trader gets ail for posting alse info online
      498 5  -  LEE U-WEN A FORMER stock trader was sentenced to six months in jail yesterday for posting false information online about a locally listed IT firm, Datacraft Asia, in 2004. In his judgment on Able Wang Ziyi, Justice VK Rajah said that
      498 words
    • Article
      Lock icon Sarin earnings dip 4.4% to US$8m
      368 8  -  GEOFFREY LEE Diamond technology firm's profit dampened by reduced tax perks SARIN Technologies Ltd, the only Israeli company listed on the Singapore Exchange, announced an 18.5 per cent growth in revenue to US$37.l miUion for the financial year ended Dec 31, 2007. However, net
      368 words
    • Article
      Lock icon Gul Tech auditor highlights concerns
      262 8  -  MICHELLE QUAH THE external auditor of Gul Technologies has redflagged issues which it believes could affect the company's ability to continue as a going concern. Auditor PricewaterhouseCoopers (PwC), in its report appended to Gul Tech's financial statements for FY2007, stopped short of qualifying its opinion
      262 words
    • Article
      Lock icon Excel eyes new business as part of plans
      325 8  -  KALPANA RASHIWALA EXCEL Machine Tools said it has appointed Zurich Asia Capital Pte Ltd to source for potential acquisition of new on-going businesses. Excel, which came out of judicial management last year, also said that unless a suitable new business is found
      325 words
    • Article
      Lock icon Fischer Tech issues profit warning
      227 8 FISCHER Tech Ltd, a maker of precision engineering plastic components, has issued a profit warning for its financial year ending March 31, 2008. The board announced yesterday that the group has "experienced severe deterioration in operating environment for the second half of the year", which
      227 words
    • Article, Illustration
      Lock icon VicPlas' H1 earnings surge 47% to $2.41m
      295 8 VICPLAS International yesterday reported a 47 per cent jump in interim earnings, helped by the introduction of Forefront Medical Technology Pte Ltd as a wholly owned subsidiary of the group. VicPlas saw its earnings rise to $2.41 million in the half-year ended Jan
      FILE PHOTO  -  295 words
    • Article, Illustration
      Lock icon OCBC, CUP offer real-time remittance service to China
      484 9  -  WEE JUN KAI Charges are currently a flat promotional rate of $15 per transaction OCBC Bank has teamed up with China Unionpay Co Ltd (CUP), China's nationwide card payment network operator, to offer real-time remittance services from Singapore to China. The new
      * i i ARTHUR LEE  -  484 words
    • Article
      Lock icon GV to provide hosted services to Dutch ISP
      216 9  -  QUAH CHIN CHIN GLOBAL Voice Group (GV), which owns and operates one of Europe's high capacity fibre networks and duct infrastructure, yesterday said it has inked a deal with a Dutch Internet service provider (ISP) to deploy hosted services at its data
      216 words
    • Article
      Lock icon Super Coffeemix extends $4m loan to joint-venture firm
      308 9  -  KALPANA RASHIWALA SUPER Coffeemix Manufacturing has extended a $4 million interest-free qua-si-equity loan to a company it jointly controls with Sam Goi's Tee Yih Jia Food Manufacturing (TYJ). TYJ has also extended a $4 million loan (also inter-est-free quasi-equity in nature) to
      308 words
    • COMPANY BRIEFS
      • Article
        Lock icon Trading in Ascott shares suspended
        84 9 TRADING in the shares of The Ascott Group will be suspended from today as the percentage of the total number of Ascott shares in issue, excluding treasury shares, held in public hands has fallen below 10 per cent. Somerset Capital, which is wholly owned by
        84 words
      • Article
        Lock icon Yongnam wins $70m Delhi airport deal
        42 9 YONGNAM Holdings has been awarded a $70 million sub-contract to design, supply, fabricate and erect the roof structural steelwork for the passenger terminal building and forecourt at the new Terminal 3 of the Delhi International Airport.
        42 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      245 5 SINGAPORE'S MOST MAGNIFICENT LUNCH yL f Prive has introduced what is arguably Singapore's most magnificent lunch; a two course lunch for $32++, a three course lunch at $38++ or the magnificent four course lunch at $68++. Throw in the culinary talents of our Mains are a culinary tour de force
      245 words
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      Lock icon Page 5 Advertisements Column 2
      208 5 Wfi IP Wm *S W T Oil I 4 r i fllLa I r.-^M V J F^^ I fls L i \§ele6r<itiria JMarMme Q/iieeete In The internationally renowned Seatrade Awards scheme, judged by a panel of industry leaders, has been the toast of London's maritime social calendar for the past
      208 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Key Wall Street supports loom ominously
      747 6  -  LARRY WEE CURRENCIES US$ bears eye fresh lows like 100 yen, 7 yuan, 1 Swiss franc, 70 on index and 551.35 IT has been yet another week of ugly news from the US front and therefore fresh lows for the US dollar, but also
      747 words
    • Article
      Lock icon Financial market recap
      230 6 Changes over the past week YEAR TO DATE MAR 11 '08 HIGH LOW CLOSE CHNG US$ vs CURRENCY JPY 101.90 -1.32 124.16 101.40* SGD 1.3867 -0.36 1.5479 1.3830* IDR 9185 1.16 9500 8650 THB 31.56 -0.13 36.72 31.30 CNY 7.1029 -0.05 7.8150 7.1000* MYR 3.2010 0.50 3.5250
      230 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      104 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 6 6 3 0 0 0 6 6 3 lanufacturing 70 61 61 10 16 80 67 77 Commerce 24 15 27 31 18 29 )t/Stor/Comms 17 14 11 17 16 12 :inance
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 6 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 20,557 20,557 97,474 97,474 Manufacturing 335,679 52,103 387,782 319,806 8,232 328,039 Commerce 61,199 2,854 64,053 95,318 302 95,620 Tpt/Stor/Comms 140,676 227 140,903 417,397 70 417,467 Finance 53,316 53,324 434,808 434,810 Construction 45,914 9,494 55,408 13,207 971 14,178 Pro| )erties
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Cham Capita Land 5.890 +0.180 Capita Mall 2.910 CityDev 10.500 +0.060 Cosco Corp 3.260 -0.070 DBS Grp 16.820 +0.240 F&N 4.500 -0.010 Gentlntl 0.605 HK Land 4.190 -0.020 JSH 15.260 -0.300 Jardine C&C 17.860 -0.540 Keppel Corp 9.710 +0.030 KeppelLand 5.350 +0.050 NOL
      112 words
    • Article
      Lock icon BROKERS' TAKE
      875 6  -  MATTHEW PHAN Rickmers Maritime March 11 close: $1.05 OCBC INVESTMENT RESEARCH March 11 RICKMERS Maritime (RMT) is a listed shipping trust. Its shipping and distribution incomes are tax-ex-empt for all investors. RMT currently distributes 8.56 US cents annually. With its current price at 551.06, or US$O.76, this translates
      875 words
    • Article, Illustration
      Lock icon Wild swing reflects fears of US slowdown
      573 6  -  YEN SREENIVASAN STOCKS SHORT-COVERING and a late afternoon rebound on Nasdaq futures saw the Singapore market's benchmark index chalking a remarkable 80-point turnaround in intra-day trading, first plunging to a new 16-month low, then rebounding to close in positive territory. Also boosting the
      573 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      55 6 Mar 11 VALUE CLOSE -1206.0+187.0 IT OB/OS IT CADI -*****.00 +34.00 IT 10-day MA -*****.00-120.00 TSE ST Mid Cap 736.97 -1.70 TSE ST Small Cap 641.72 +5.03 TSE ST All Share 737.41 +4.62 TSE ST China 450.85 +1.35 IOB Catalist 151.94 +1.16 IMSCI 354.37 +3.46 IMSCI Futures
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Golden Aqri 47,537,000 SingTel 42,021,000 Cosco Corp 37,725,000 Yanqzijianq 31,298,000 CoscoCorpMßl_eCWoBo7o3 28,103,000 E3 Hlds 27,136,000 Jade Tech 26,691,000 JiutianC 26,251,000 Synear 24,437,000 Firstßes 23,184,000 VALUE(S) SingTel 158,317,829 DBS Grp 128,469,798 Cosco Corp 122,361,030 SGX 104,296,350 OCBC Bk 96,289,730 Capita Land 86,728,668 UOB 76,437,800 Keppel Corp 63,617,870
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    • Article
      Lock icon RISES
      105 6 CLOSE UP t sia Pac Brew 1300 30.0 2.4 ndoAi iri 226 27.0 13.6 iBS MBLiCW*****0 458 25.0 5.8 ilanMBLiCW***** 203 24.0 13.4 iBS Gri 1682 24.0 1.4 Creative Tech 737 22.0 3.1 ;gx 705 21.0 3.1 Land 589 18.0 3.2 reat Eastern 1618 18.0 1.1 leloni W*****8 306
      105 words
    • Article
      Lock icon FALLS
      121 6 CLOSE DOWN IMH 2682-163.7 -4.2 LD 10US$ 9610 -66.6 -0.5 lardine C&C 1786 -54.0 -2.9 :iMBAsean40 100US$ 919 -51.3 -3.9 ISH 1526 -41.6 -1.9 ;GX MBL iCW*****3 267 -41.0 -13.3 ;GX BNP eCW*****7 21 -27.0 -56.3 'ortek 40 -14.5 -26.6 :hinaEnen 66 -13.0 -16.5 uocoLand Ltd 370 -13.0 -3.4
      121 words
    • Article
      Lock icon CURRENCIES
      85 6 Where S$ stands Mar 11 %CHNG CLOSE FRMariO YR 2008/07 S$ LOW S$ HIGH USS 1.3867 0.06 1.5479 1.3830 Euro 2.1422 -0.36 2.1639 1.9913 Pounds 2.7985 0.16 3.1194 2.7390 1.2814 0.25 1.3555 1.1741 en* 1.3608 0.04 1.3821 1.2285 Rupiah* 0.***** 0.11 0.***** 0.***** Baht* 4.3939 0.22 4.5700 4.1730 Peso*
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      317 7 T* n <°diHfl m~ Houston ffi Houston 11 /////i2^^Exakmth^txeas««esofthe I////&<*& t/V*. /J*/» FROM 20 MARCH 2008, SINGAPORE AIRLINES INTRODUCES 4 WEEKLY FLIGHTS TO HOUSTON FOR $1388*. Travel to Houston, the gateway to the American South, and be captivated by the region's rich history and cultural sights. Wander through the Alamo
      317 words
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  • Page 8 Advertisements
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      1013 8 SINOTEL TECHNOLOGIES LTD. (Registration Number *****4275R) =IND I EL NOTICE OF FIRST ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the First Annual General Meeting of SINOTEL TECHNOLOGIES LTD. (the "Company") will be held at Grand Ballroom 111, The Pines, 30 Stevens Road, Singapore *****0 on Thursday, 27 March 2008
      1,013 words
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      Lock icon Page 8 Advertisements Column 2
      406 8 Announcement Regarding Conducting Sales, Acting as an Agent and Assisting in Execution of Real Estate Sale and Purchase Agreement of Land by DTZ on behalf of Agora Club Hotel Dev. Co., Ltd. (Price negotiation will be adopted instead of auction) Land for Luxury Mansion in Xin-Yi District, Taipei City Revenue
      406 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      296 9 Climate change is one of the greatest threats to business success. Are you ready to turn a global challenge into a global opportunity? Business 22-23 April 2008 for the Suntec Convention Environment Centre, Singapore Global Summit 2008 HOSTED BY REGISTER NOW! {2j\ fgj&& Online: www.B4Esummit.com \^fr? Event enquires:+6s 6534 8683
      296 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Landed housing plot draws top bid of just $77.80 psf
      436 10  -  UMA SHANKARI Only one other offer made; poor show seen as sign of uncertain market IN what is seen as a sign of an uncertain property market, a landed housing parcel in Jurong West drew only two bids, and a
      436 words
    • Article
      Lock icon Furniture industry banking on big branding drive
      527 10  -  By CHEW XIANG THE furniture industry is hoping that a "big-bang" branding campaign will blow the sawdust off its stodgy image and galvanise some of its more wooden members. "It's still in its infancy stage. Some of our members are still not very
      527 words
    • Article, Illustration
      Lock icon Seagate Technology supports BT's Budding Artists Fund
      218 10 INTELLECTUALLY, she may be a year slower than her peers, but 10-year-old Ng Li Ping finds her way around a canvas with ease. She was one of 40 beneficiaries of the Business Times Budding Artists Fund, who participated in a visual arts workshop
      JOSEPH NAIR  -  218 words
    • Article
      Lock icon Tuas Power buyer may be named this month
      394 10  -  RONNIE LIM EIGHT years after its earlier aborted sale, Tuas Power looks set to finally land in private, and even possibly foreign, hands within a fortnight's time. "The sale seems to be on schedule, and it's now at final evaluation stage," sources
      394 words
    • Article
      Lock icon Right work environment vital for work-life balance
      349 10  -  NISHA RAMCHANDANI HAVING the right environment in the workplace could make it easier for Singaporean women to maintain a work-life balance, said MP Jessica Tan (East Coast GRC) and Microsoft's general manager for customer, partner and employee experience, Asia Pacific. Ms Tan was
      349 words
    • Article
      Lock icon 82% of Internet users in S'pore shop online
      238 10 THE number of Internet shoppers worldwide has risen to 875 million over the last two years, up 40 per cent, according to the latest Nielsen Global Online Survey on Internet shopping habits. The survey was conducted from October to November 2007. A
      238 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon AXA announces senior appointment
        46 10 AXA Life Insurance Singapore has appointed Nicholas Kua as chief marketing and strategy officer. He has been with AXA since 2006, and will be involved in Ambition 2012, a company-wide project to double revenue and triple underlying EPS between 2004 and 2012.
        46 words
      • Article
        Lock icon MSIM wins regional award for 2nd year
        46 10 FOR the second straight year, Morgan Stanley Investment Management (MSIM), Morgan Stanley's asset management arm, has been named The Best Asian Real Estate House of the Year by Asia Asset Management, a leading asset management publication in the region.
        46 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      294 10 "hO TPHfIQ A\A/H Qll\/ IC QllKPllf IWIfIFP FynPnClllP For those in the know, the full benefits of a SUV is in the full-time, real I lIC IGIIUO *f¥WU UU V IO UUICiy IVIUIC LApGIIOIVCi 4WD model with center differential lock. You'll benefit from the better road m m m m
      294 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan opposition party rejects BOJ candidate
      477 11 Bloomberg, Reuters Toshiro Muto's finance ministry career seen as conflict of interest [TOKYO] Japan's main opposition party will reject Prime Minister Yasuo Fukuda's candidate to lead the central bank, deepening a political stand-off only a week before the current governor's term expires. The Democratic
      – Bloomberg, Reuters; I BLOOMBERG  -  477 words
    • Article
      Lock icon Thailand to revise laws regulating foreign firms
      321 11 Bloomberg, Bernama [BANGKOK] Thailand's government will rewrite laws regulating foreign-control-led companies, Deputy Prime Minister Suwit Khunkitti said. Changes will be of "mutual benefit" to local and foreign owned companies, he said in an interview. He declined to elaborate. Thailand's new government last month
      Bloomberg, Bernama  -  321 words
    • Article
      Lock icon lEA cuts oil demand forecast
      315 11 Bloomberg, Reuters Lower estimate is due to high prices, weak economic growth [PARIS] The International Energy Agency, for a second month, has lowered its forecast for global oil demand this year as record prices slow the world economy and erode consumption. The agency reduced its
      – Bloomberg, Reuters  -  315 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Delay in construction projects feared
      547 12 Reuters MALAYSIA ELECTION AFTERMATH Fund managers cite political stability, see no change in growth rate or fundamentals [SINGAPORE] Fund managers have turned bearish on Malaysia's construction sector on fears a weakened government may delay projects, but economic growth prospects will continue to attract funds to
      – Reuters  -  547 words
    • Article, Illustration
      Lock icon Opposition sworn into office in Penang
      311 12 AFP, Reuters [KUALA LUMPUR] Malaysia's Opposition was sworn into power yesterday in Penang, one of the nation's richest states, and swiftly announced plans to dismantle controversial racebased discrimination policies. Lim Guan Eng, head of the Democratic Action Party (DAP), was appointed chief minister after
      AFP, Reuters; AP  -  311 words
    • Article
      Lock icon Dubai firm to buy into 3 units of Indonesian developer
      195 12 Bloomberg [JAKARTA] Dubai World will buy 30 per cent stakes in three units of PT Bakrieland Development, Indonesia's biggest property developer by value, as the Gulf sheikdom's investment holdings expand in Asia. Limitless LLC, Dubai World's property arm, agreed to
      – Bloomberg  -  195 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7855 12 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (S'pore) Star Europe Eqty!** 0.887/ Star Europe Bond 1.23/ Star Europe Bal 1.157/ Star Asian Tiger Eqty 1.327/ Star Asia Bond 1.195/ Star Asia Balanced 0.958/ Star Global Technology Fund!" 0.183/ Multi St Fd 0.864/ Star Asia Bond(USD 0.861/ Gib Multi St USD
      7,855 words
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  • GREATER CHINA
    • Article
      Lock icon Soaring China inflation may spark unrest
      411 13 -AP 8.7% rise in Feb consumer price index raises chance of interest rate hikes [BEIJING] Soaring food costs drove China's inflation to its highest level in nearly 12 years in February, according to data reported yesterday, raising the risk of unrest as communist leaders
      -AP  -  411 words
    • Article
      Lock icon CIC invests in private equity and hedge funds: report
      191 13 Reuters ;BEIJING] China Investment Corp (CIC), the country's US$2OO billion sover3ign wealth fund, has entrusted an undisclosed amount of money to external managers to invest in private equity and hedge funds, state media reported yesterday. Jesse Wang, ClC's chief risk officer,
      Reuters  -  191 words
    • Article
      Lock icon Bird flu virus shows signs of mutation
      324 13 Reuters [HONG KONG] One of China's top doctors has disclosed that the HSNI bird flu virus has shown signs of mutation and can kill human victims more easily if treatment is not given early enough, newspapers reported yesterday. Zhong Nanshan, an expert on
      Reuters  -  324 words
    • Article, Illustration
      Lock icon HK Budget slammed by green groups
      548 13  -  JANE MOIR HONG KONG'S fiscal chief may have won hearts by scrapping the wine duty and putting tax money back in people's pockets in this year's Budget, but his environmental initiatives have fallen on deaf ears. Financial Secretary John Tsang Chun-wah this week came
      BLOOMBERG  -  548 words
  • Page 13 Advertisements
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      21 13 r 1 WORLDWIDE HOTEL RESERVATION www. I uxu ry. co m. sg Complete with rates and location map tmqb L J
      21 words
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      Lock icon Page 13 Advertisements Column 2
      243 13 Frustrated by slow network or Internet access in your office? Worried about the confidentiality and integrity of your data? Concerned about security when you transact over the Internet? Faced with frequent virus or spam attacks even with the use of antivirus software? Wondering if you can prevent your staff from
      243 words
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  • INDIA
    • Article, Illustration
      Lock icon Cars, phones boost industrial growth
      550 14 Bloomberg January's output probably grew at 3-month high of 8%, forecast shows [NEW DELHI] India's industrial production growth probably accelerated to a three-month high in January as companies such as Nokia Oyj and Honda Motor Co expanded capacity to make more mobile phones and cars.
      – Bloomberg; AFP  -  550 words
    • Article, Illustration
      Lock icon Prepare for polls next year, Sonia tells party
      250 14 Rev ters [NEW DELHI] The leader of India's ruling Congress party Sonia Gandhi told her party yesterday to prepare for elections next year "with a firm sense of self-confidence", but gave no hint of an earlier poll. A general election has to
      Rev ters; AFP  -  250 words
  • Page 14 Advertisements
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      3074 14 lost share certificates W.G. PRESTIGE ASSOCIATES (PTE) LTD Jft* Notice is hereby given that share certificates no. 5, 7 and 8 covering a total (RC No. IVolUozoolJj ■■■^^^Mj of 10.000,000 Ordinary Shares in Australia Pacific Electric Cables Pty Ltd n the Matter of Section 210 of Companies Act (Cap 50)
      3,074 words
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  • WORLD
    • Article
      Lock icon Investment bank stocks down in the pits
      566 15 -AP Distaste for risk in bond market hits new high, say traders and analysts [NEW YORK] Investment banks' stocks plunged to their lowest prices in years on Monday, as the unravelling of a host of investments raised the prospect of more losses on
      -AP  -  566 words
    • Article, Illustration
      Lock icon IN YOUR FACE
      37 15 [BERLIN] People walking past an illuminated poster at the stand of the German state Hesse at the tourism fair ITB on Sunday. About 11,147 exhibitors from 186 countries presented stands at the exhibition AP
      AP  -  37 words
    • Article
      Lock icon Blackstone profit dives on credit market woes
      482 15 Bloomberg Company forecasts shortage of funds for buyouts this year [NEW YORK] Blackstone Group, manager of the world's largest buyout fund, said fourth-quarter profit plunged 89 per cent after a "meltdown" in the credit markets and predicted a shortage of financing for takeovers
      – Bloomberg  -  482 words
    • Article
      Lock icon HSBC private banking unit posts stellar earnings
      308 15 Reuters [GENEVA] HSBC's Swiss private banking arm posted record profits and took in large sums of money from wealthy clients in 2007 in spite ofif not due to the turmoil that has hurt its larger peers. HSBC Private Bank (Suisse), the Brit-ish-based bank's
      – Reuters  -  308 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      103 15 DM wA m I ■■■■■■■■■■■JJBa||||jji| ,j I Ideas and strategies for a meeting are important but execution is the real challenge. We understand that it is no easy task and the success lies in the details. So leave 251 the planning to our professionals so you can concentrate ■0^ on
      103 words
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      Lock icon Page 15 Advertisements Column 2
      43 15 The Real World Wide Web Meet MOL's shipping network. A real "world wide web"of containerships, car carriers, bulkers, tankers and LNG carriers over 750 vessels strong, and growing. Give your business global access with the shipping industry leader, MOL. www.mol.co.jp Mitsui O.S.K. Lines
      43 words
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  • MIDDLE EAST
    • Article, Illustration
      Lock icon Dubai's bid for Liverpool blocked by co-owner
      344 16 Bloomberg [LONDON] Tom Hicks, the co-owner of Liverpool, said he ended talks with Dubai International Capital and will block it from taking a minority stake in the Premier League soccer club. The American said in a statement that he is exercising his right
      ' – Bloomberg; AP  -  344 words
  • Page 16 Advertisements
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      503 16 B^M" 1 IVI I HI FOUR, YOUR DINING PLEASURE |I|U| ill|[| Enjoy added pleasure when dining at Global Kitchen with four new enticing highlights. Wl J m JB'lllll m&^ TWIN TEMPTATIONS iJff jH[ jrl FBM Enjoy a delectable set lunch menu ($38 and your partner enjoys a free set lunch.
      503 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon GE unit to invest big in Asian energy
      480 17  -  MATTHEW PHAN It plans US$l b investment by 2010 in renewable energy projects in region [SINGAPORE] GE Energy Financial Services (GE EFS) is looking to invest a significant amount, potentially some US$l billion by 2010, into renewable energy projects in South-east and
      480 words
    • Article, Illustration
      Lock icon Mummy of the day
      419 17 -Baz THIS is an important part of the sail rotation! You get a long, busy day, from 11:30 till 22:30 and then 06:30 till 11:30. It revolves around watering and feeding the crew, cleaning the inside of the yacht and being another two hands for deck
      -Baz; Photo: ONEDITION  -  419 words
    • Article
      Lock icon Jetro faults China's tactics to corner African commodities
      476 17  -  ANTHONY ROWLEY in lokyo CHINA'S aggressive investment in African natural resources was sharply criticised yesterday by Japan External Trade Organisation (Jetro) chairman and chief executive Yasuo Hayashi, who said he "doubts whether African countries really welcome" such investment. Japan has no intention
      476 words
    • Article
      Lock icon US$62b writedowns seen from big firms
      177 17 Bloomberg [NEW YORK] The world's 12 biggest banks and brokerages may report US$62 billion in writedowns in the first half of this year because of declines in the equity and fixed-income markets, according to Deutsche Bank analyst Mike Mayo. The financial companies comprise ÜBS,
      – Bloomberg  -  177 words
    • Article, Illustration
      Lock icon Thailand should cut interest rates, boost spending: Thaksin
      659 17 Bloomberg, AFP, Reuters [BANGKOK] Thaksin Shinawatra said Thailand's newly elected government must repair economic damage to the country caused by the military coup that unseated him in 2006. "We have to bring back confidence to Thailand after the coup," Thaksin said in
      Bloomberg, AFP, Reuters  -  659 words
    • Article
      Lock icon US trade deficit rises to US$58.2b in Jan
      221 17 -AP [WASHINGTON] The United States' trade deficit grew larger in January as imports zoomed to all-time highs. The latest snapshot of trade activity, reported by the Commerce Department yesterday, showed that the country's trade gap increased to US$5B.2 billion. That was up
      -AP  -  221 words
    • Article
      Lock icon BURSA MALAYSIA
      2280 17 VOL C000) lar 11 RM ASM Realty 0.61 \bric Bhd 0.25 advance Synergy 0.12 Adventa Bhd 1.20 AeMuIti Hldgs 0.25 Win Holdings 2.13 Ahmad Zaki Resou 1.04 AicCorp 0.52 \irasia Bhd 1.50 Akn Technology 0.44 alliance Financi 2.65 aluminium Co 1.10 Amalgamated Ind 0.44 tamb Hldgs Bhd 3.08
      2,280 words
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  • Page 18 Advertisements
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      530 18 0^ M M I IA I |L lI|L I i Limited (CWT began its journey four decades ago -it was set up in 1970 and listed II IMM I II 1^ l^fl I l^fl m V on *he Singapore Exchange in 1993. CWT has since grown by leaps and bounds,
      530 words
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  • MOTORING
    • Article, Illustration
      Lock icon Orchard Credit ventures into used luxury car trade
      572 19  -  SAMUEL EE Its newly set up unit offers rare high-end models such as the Porsche 911 GT3 ORCHARD Credit, the auto financing company, has returned to the used car business with a bang. It is behind the newly set up Auto Avant-Garde
      JOSEPH NAIR  -  572 words
    • Article, Illustration
      Lock icon Little red Corvette zips through S'pore
      485 19  -  SAMUEL EE GENERAL Motors Overseas Distribution Corp (GM ODC) has embarked on a $200,000 marketing campaign to raise the local profile of the Chevrolet brand. It has launched a book about the brand and is introducing its flagship Corvette sportscar to Singaporeans thro ugh
      485 words
  • Page 19 Advertisements
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      106 19 of) c' 7 a CD g* r o 0 I I JO# 0 j I a V So'- t "J ft s o T o «> o i I a o OVER 6O MEDICAL SPECIALISTS. Designed to meet all your healthcare needs. Aesthetics/Cosmetic Surgery Anaesthesiology Anti-ageing Cardiology Chiropractic Colorectal Surgery
      106 words
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      Lock icon Page 19 Advertisements Column 2
      537 19 Effect** ••NarlntfHg Strategics Discover the many tools you can use to make your presence felt in the virtual world. Learn to harness the power of the Internet in this seminar that covers the various ways of optimising this new media channel. 26 March 2008 (Wednesday) 2 6pm SPH Search Engine
      537 words
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  • AVIATION
    • Article
      Lock icon Boeing to challenge tanker decision
      551 20 Reuters It will ask Congress to review why Air Force picked Northrop/EADS [WASHINGTON] Boeing Co said on Monday that it would formally challenge a decision by the US Air Force to award a US$35 billion aerial tanker programme to a team led by Northrop Grumman
      Reuters  -  551 words
    • Article
      Lock icon Oil will drive mergers, says Northwest
      109 20 Bloomberg [ATLANTA] Northwest Airlines Corp chief executive Doug Steenland, in merger talks with Delta Air Lines, said record oil prices are a "serious budget breaker" and part of what makes consolidation "inevitable". "If fuel remains where it is today, our increased fuel costs will
      Bloomberg  -  109 words
    • Article, Illustration
      Lock icon Heathrow cleared to raise airline charges by 23.5%
      195 20 subsequent four years. -Reuters [LONDON] Britain's aviation regulator said yesterday that London's crowded Heathrow airport would be allowed to raise airline charges 23.5 per cent in the year starting April 1, more than it had originally envisaged. The charges are bound to
      subsequent four years. -Reuters; AFP  -  195 words
    • Article
      Lock icon China Eastern falls below SIA offer price
      144 20 Bloomberg [SHANGHAI] China Eastern Airlines Corp fell for a ninth day in Hong Kong trading, dropping under the price Singapore Airlines offered for a stake for the first time since investors vetoed a deal. China's third-largest airline has lost more than 40 per
      Bloomberg  -  144 words
    • Article, Illustration
      Lock icon EU urges Airbus, Boeing to end trade row
      386 20 Reuters [WASHINGTON] The European Union's US envoy on Monday urged EADS unit Airbus and US rival Boeing Co to seize the opportunity presented by a controversial US Air Force tanker contract to negotiate a settlement of a long-running government subsidies dispute. "Ideally,
      – Reuters; BLOOMBERG  -  386 words
    • Article
      Lock icon First loss for Airbus drags EADS into the red
      279 20 -AFP [PARIS] European plane maker Airbus made an operating loss of more than a billion dollars last year despite record orders for its aircraft, forcing parent company EADS into the red, company results showed yesterday. Airbus, struggling with cost overruns on
      -AFP  -  279 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2464 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,464 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      337 20 CRYPTIC CROSSWORD ACROSS 10 Leave a narrow opening ac- IB^H9! ross top of pipe (5) Bfl WU HH HH HH^^^H^^^ 11 Travelling South, a ban on WM 12 A head of state confronts hijackers with such letters (9) j^J 13 Traditionally styled material i2~~^| with rococo borders (5) I 14
      337 words
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  • SHIPPING
    • Article
      Lock icon Anniversaries that give food far thought
      763 21  -  DAVID HUGHES STRAIT TALK IMO safety standards were vastly improved after a tragic sinking 21 years ago LAST week, there was a poignant coincidence of anniversaries. March 6 marked the 60th anniversary of the adoption of the international convention that established what is now
      763 words
    • Article
      Lock icon Commodities shipping rates may rise
      370 21 Bloomberg Port bottlenecks, transport demand led to fewer ships [SINGAPORE] Shipping rates for commodities may gain for a third week on a lower supply of ships because of port bottlenecks and transport demand for iron ore and grains. The Baltic Dry Index, an overall measure
      Bloomberg  -  370 words
    • Article
      Lock icon China demand to boost product tanker rates
      349 21 Bloomberg [SINGAPORE] Asian hiring rates for oil product tankers may rise this week on expectations demand will increase, led by China. Hiring rates for a ship that can carry 30,000 metric tons of fuel, also known as a medium-range tanker, on the Singapore-to-Japan
      Bloomberg  -  349 words
    • Article, Illustration
      Lock icon Daewoo sees lower LNG ship demand
      120 21 Bloomberg [SINGAPORE] Daewoo Shipbuilding and Marine Engineering Co, the world's third largest shipyard, expects demand for ships that carry liquefied natural gas (LNG) to slow this year because of delays in LNG projects. Daewoo Shipbuilding may get orders for between 10 and 15 LNG
      Bloomberg; BLOOMBERG  -  120 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        126 21 '000 Mar 11 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks Jaya Hold Ltd KlVentures KeppelCorp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.55 0.36 3.26
        126 words
      • Article
        Lock icon KLSE
        38 21 '000 1aj7 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.74 8.00 7.60 3.96 3.06 0.25 0.14 -0.02 0.20 unch 0.20 0.06 0.04 unch 407 281 1235 2127 41 146 19
        38 words
      • Article
        Lock icon BANGKOK
        16 21 '00 Mar 11 Bahrt Vol Precious Ship Regional Cont 24.80 23.80 -0.45 -0.50 2677 1070
        16 words
      • Article
        Lock icon HONGKONG
        15 21 '000 Mar 11 HK! Vol Ooil Singamas Cont 48.90 2.03 0.45 0.01 2549 1252
        15 words
      • Article
        Lock icon PHILIPPINES
        26 21 '000 Mar 11 Peso Vol Aboitiz Equity ntl Container Keppel Marine Keppel Prop 6.70 32.00 2.20 unch -0.10 -1.00 -0.04 unch 447 1028 100 0
        26 words
      • Article
        Lock icon TAIPEI
        26 21 Mar 11 HT$ Vol Evergreen Marine ...26.25 First Steamship 68.20 Wan Hai Lines 27.75 Yang Ming Marine...20.75 0.45 -1.80 0.75 0.10 15 3 6 10
        26 words
      • Article
        Lock icon TOKYO
        43 21 '000 Mar 11 Yen Vol Kawasaki Hvy Ind ..230.00 7.00 ***** Kawasaki Kisen ....1001.00 39.00 7166 Mitsubishi Hvy 428.00 11.00 ***** Mitsui Eng&Sbldg...282.00 15.00 ***** MitsuiOsk Lines ...1288.00 24.00 ***** Nippon Express 557.00 3.00 5382 Nippon Yusen 945.00 17.00 8107 Source: Reuters
        43 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      290 21 NOTICE OF RATE RESTORATION I Hl™ H I 90 i\ X In order to ensure that the Members Lines are able to .^^^^B g^ B^^^^ continue to provide the service necessary to meet the M \A/FAI Blli needs of their customers, the Members Lines of the w a iTTTTiTTTI IT
      290 words
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      Lock icon Page 21 Advertisements Column 2
      21 21 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words
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  • ASIA PACIFIC MARITIME 2008
    • Article, Illustration
      Lock icon Maritime industry riding a boom
      900 22 From China to Dubai the story is one of growth and emphasis on providing products and services, writes VINCENT WEE THE nations that were prominent in building ships many centuries ago are enjoying a resurgence in the modern world of shipping. But in the modern
      AFI  -  900 words
    • Article
      Lock icon Nantong – a major base for shipbuilding and repairs
      384 22  - Nantong a major base for shipbuilding and repairs VINCENT WEE AMID the boom in China's shipbuilding industry, a standout performer is the eastern city of Nantong, across the Yangtze River from Shanghai, in Jiangsu province. Dubbed "the second Shanghai in the Yangtze Delta region", a cable bridge will connect the
      384 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      152 22 26-28 March 2008 Asia Pacific Singapore Expo www.apmaritime.com v^. MARITIME Y^ -T^V I Extended Opening Hours: 26 -27 Mar (Wed/Thur) 1000- 1900 hrs |28 Mar (Fri): 1000 1700 hrs a*©** o**0** o e CONNECTING YOU TO y c INTERNATIONAL MARITIME oti PLAYERS With more than 700 participating companies from 45
      152 words
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      Lock icon Page 22 Advertisements Column 2
      22 22 This is the third of a four-part weekly series brought to you by Asia Pacific Maritime 2008 Asia Pacific MARITIME I (anniversary
      22 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Cracking down on errant private schools
      494 23 FINALLY on the cards, a long-overdue tightening of regulation on private schools: it's the bare minimum that should be expected, given Singapore's aspirations to be, not just a regional education hub, but a global schoolhouse. The business in the education industry is all too
      494 words
    • Article, Illustration
      Lock icon The Starbucks Set vs Archie Bunker's Gang
      1270 23  -  LEON HADAR Both Obama and Clinton have distinct support groups for the Democratic nomination PUNDITS who have tried to explain Senator Hillary Clinton's success in resuscitating her flagging bid for the Democratic presidential nomination, after her primary victories last Tuesday over her rival
      AP  -  1,270 words
    • Article, Illustration
      Lock icon US should, but probably won't, weaken Opec's clout
      787 23  -  ROBERT SAMUELSON The Washington Post Writers Group THE BOTTOM LINE FOR much of its 47-year existence, the Organization of the Petroleum Exporting Countries (Opec) has been a cartel in name only. It could not control oil prices because many members regularly breached
      The Washington Post Writers Group  -  787 words
    • Article, Illustration
      Lock icon Beyond the headline tax rates
      1120 24  -  OWI KEK HEAN While Hong Kong's personal tax regime is hard to beat, the real deal in the race for talent lies in the quality of life DELIVERING his maiden Budget speech at the recent Hong Kong Budget, the Financial Secretary John Tsang announced the
      AFP  -  1,120 words
    • Article, Illustration
      Lock icon Making progress against bribery
      723 24  -  RICHARD CASSIN IN Singapore circa 1994, Jeffrey Garten, who was then the United States Undersecretary of Commerce for International Trade, hosted a "breakfast briefing". The event was sponsored by the American Chamber of Commerce, and the invitation said it would be a chance to discuss the
      AFP  -  723 words
    • Article
      Lock icon OCBC complied with request from MCYS
      220 24 LETTER TO THE EDITOR I REFER to the article "Stanchart, OCBC to nurse baby bonus scheme" (BT, March 6) in which OCBC Bank was mentioned as having "yet to release details of its Children Development Account (CDA) scheme". OCBC Bank was complying with a
      220 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7824 25 Transaction date: Mar 11 Hii Low Code Com[ Sale COOP) Hi. ■ow Bi Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom 28.5 10.5 5834 A-Sonic 107 98.5 6389 ABF SG Bond ETF 30 13.5 1938 AEI Corp 26 7.5 1100 AEM 42 18 2101 APOil
      7,824 words
    • Article
      Lock icon SGX XTRANET
      79 25 Vol COOP) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Hi. Low Code Comi Sale Hi. 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 IS S&P5OO ***** ***** 6170 SPDRS
      79 words
    • Article
      Lock icon SGX CATALIST
      1992 25 52-Wk Tel High Low Code Last Sale Vol C000) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E Smil Comi >an' Hii 30 11.5 1181 sAAGrp 41.5 18 5000 sABRHIdgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System 38 21 3518
      1,992 words
    • Article
      Lock icon CLOB INTERNATIONAL
      213 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      213 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      28 25 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. jg K| tM 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. Internet: Http://www.audemarspiguet.com §IS^^^
      28 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      363 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar10 World Index Preliminary 970.7 -1.0 -14.2 -0.9 -15.2 -1.0 -12.1 t EAFE Preliminan 933.3 -1.4 -16.7 -1.0 -15.3 -1.1 -12.: Euroi Preliminary 1294.7 -1.2 -16.1 -1.0 -15.5 -1.1 -12.. Pacific 786.6
      363 words
    • Article
      Lock icon PALM OIL
      61 26 Mar 11 Delivery Month Opening Range Sett Av Price Price Hii Low Vol Open Done Position Mar 08 3780 3550 3830 3780 65 843 Apr 08 3775 3840 3856 3762 860 5041 May 08 3585 3838 3870 3760 7743 ***** JunO8 3800 3830 3865 3762 1623 ***** Total
      61 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 26 Mar 11 STI SIMSCI Mar 342 357.3 357.1 Taiwan Mar 320.5 325.1 322.5 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 26 Mar 11 Bid Offer 1-month 1.3852 1.3865 2-months 1.3834 1.3848 3-months 1.3822 1.3836 6-months 1.3781 1.3796 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      158 26 Mar 11 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.2772 1.2789 0.9204 0.9209 Canadian dollar 1.3958 1.3977 1.0058 1.0064 Euro 2.1307 2.1325 1.5354 1.5355 NZ dollar 1.1021 1.1035 0.7942 0.7946 jterlini ind 2.7854 2.7880 2.0072 2.0075
      158 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      356 26 Mar 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO8 JunO8 SepO8 DecO8 97.242 97.685 97.815 97.755 0 0 0 0 ***** ***** ***** 8426 EUROYEN FUTURES MarO8 99.130 99.130 JunO8 99.210 99.210 SepO8 99.320 99.320 DecO8 99.350 99.350 MarO9 99.350 99.355B JunO9 99.310B SepO9 DecO9
      356 words
    • Article
      Lock icon SICOM FUTURES
      270 26 Mar 11 RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Apr 08 May 08 JunO8 Jul/Sep 08 Oct/Dec 08 Jan/Mar 09 389.25 392.00 393.00 392.75 392.50 394.25 RSS 3 (US cents/kg) Month Hig gji Low Sett Volume (tonnes) Open
      270 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 26 As at 9am Mar 11 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2690 1.2840 Can dollar 1.3890 1.4050 Euro 2.1230 2.1480 NZ dollar 1.0900 1.1130 Sterlini 2.7800 2.8110 US dollar 1.3840 1.4000 Local dollars to 100 units of foreign currency:
      132 words
    • Article
      Lock icon INTERBANK RATES
      158 26 Mar 11 $S Otter Overnight 3/8 1-month 11/16 2-months 1 3/16 3-months 1 5/16 Overnight mode: 3/8 US$ Offer 1/8 15/16 1 1/16 1 3/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 3.05 2.92 2.92 2.92 2.80 2.78 2.75
      158 words
    • Article
      Lock icon INTERBANK CROSS RATES
      468 26 Mar 11 AS Rmb Euro HKS Ind Rs Ru Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.915 6.541 0.600 7.170 37.268 84.654 0.941 8.931 2.947 1.159 57.831 37.935 1.278 7.315 0.941 28.163 29.079 0.459 0.921 Canada 1.093 7.149 0.655
      468 words
    • Article
      Lock icon PRECIOUS METALS
      139 26 Mar 11 GOLD (USS/oz) Mar 11 Mar 10 Hong Kong London 970.70 976.50 971.70 977.50 Mar 07 Mar 10 975.40 968.40 976.30 969.10 Source: Reuters CAST BAR (S$) Mar 11 Buying Sellim Kilobar "46,508.62" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm 1
      139 words
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      Lock icon SIBOR
      75 26 Mar 11 1 mth 2.***** 1.***** 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 2.***** 1.***** 9 mths 2.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates (S$) 1 mth 1.***** 2mths 1.***** 3 mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid
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      Lock icon GOVERNMENT SECURITIES
      92 26 Mar 11 IKbAbUKY bILLb Period Issue code Maturity Yesterday's Bid Day's High Low 3-Month BQ*****S 12.06.08 1-Year BY*****A 29.09.08 1.04 1.13 1.00 1.00 1.00 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Mi 2-Year N5O51OOF 2.625 5-Year N5O71O1E 2.500 7-Year NX*****F 3.625 10-Year
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      Lock icon LONDON METALS
      69 26 Mar 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 3098.00 3189.20 3 months 3138.00 3227.00 Copper, Grade A (US$/tonne) Cash 3 months 8403.00 8310.00 8640.00 8545.00 Lead (US$/tonne) Cash 3004.00 3 months 3000.00 3096.00 3090.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon LIFFE
      75 26 MarW COCOA (Btonne) Close Prev Hii ih/Low Mar 08 1355 1356 1357/1334 MayO8 1397 1394 1398/1373 JulO8 1435 1432 1438/1411 SepO8 1396 1397 1399/1371 COFFEE (US$/tonne) Close Pev High/Low Mar 08 2505 2472 2507/2460 May 07 2516 2507 2527/2470 JulO8 2527 2520 2537/2485 SepO8 2527 2515 2534/2486 SUGAR (US
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      Lock icon CHICAGO BOT
      102 26 MarW (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 08 1388.00 1341.00 1390.00 1328.00 May 08 1406.50 1408.75 1412.00 1358.75 Jul 08 1420.50 1421.00 1425.00 1371.00 Aug 08 1409.00 1410.00 1409.00 1360.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 08 61.20 60.25 62.50 59.25 May
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      Lock icon CRUDE OIL & PRODUCTS
      75 26 CRUDE OIL PRODUCTS MarW CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 103.43 0.4 WTI (Near Mth) 107.95 2.45 Dubai (1-Mth F) 95.28 -0.89 Tapis blend 108.15 -0.3 Minas 104.6 -0.3 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 99.40 124.65 1.40 1.65 US$/barrel Opec Oil Basket
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      Lock icon BONDS & WARRANTS
      1971 26 BONDS WARRANTS fel lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 8756 Asiatic Grp(H) LtdW*****2 3657 Biosensors DB ECW*****3 4014Capitaland BNP ECW*****8 3879Capitaland BNP ECW*****2 3906Capitaland BNP ECW*****6 3666Capitaland BNP ECW*****9 3762 Capitaland BNP ECW*****0 4082 Capitaland BNP ECW*****6 4056
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      3177 29 Fa^ El 19 El 19 H I |ljg ANDERSEN v "^HZiIVIZZ I Fife GLORY NAVIGATION RRflllpi ■B«Bk%« |LM BSB |IB AA. shipping company/ 70 Shenton Way, #21 -03 Marina House Singapore *****8 ■Wl ULUIII ilfUflUfll lUN Ulf UUI* JWillWißPffiiPiiiPPWWl IRHIPI Hi NORTH WEST EXPRESS LINE *Sft4il,"f«.W!tßU^Sl MGM»|j| MONTHLY SERVICE TO
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      3523 30 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • executive Money
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      Lock icon Clients sticking with UBS, Citi
      697 31 Revelations of sub-prime exposure create conservative mood as customers take time to re-evaluate their portfolios, reports SIOW LI SEN IT IS no surprise that ÜBS and Citi private banks are the top choices for rich Asians. But what may raise some eyebrows is that despite
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      Lock icon Singapore – Monaco of the tropics
      1569 31  - Singapore Monaco of the tropics ROMAN SCOTT But reports don't tell how individual players are doing in region ASIA ex-Japan remains the fastestgrowing and one of the most profitable wealth management markets in the world. The number of newly minted Asian millionaires continues to grow as fast as Roger Federer's
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      Lock icon You can never get to the bottom
      1369 32  -  WONG SUI JAU MONEY MATTERS But markets have fallen low enough such that investing with a two to three-year horizon should net some good gains WAITING to catch the market bottom? It can't be done. But we'll show you a way to take
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      Lock icon Market turmoil seen helping remove excesses
      440 32  -  SIOW LI SEN THE unwinding of the global financial markets is actually a positive thing where excesses had been building up the past 5-6 years, said Swiss bank Julius Baer's managing director V Anantha Nageswaran. While many investors are feeling the pain, Dr Nageswaran
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      Lock icon SocGen relaunches Flight-to-Safety Guaranteed Notes
      506 32  -  MATTHEW PHAN Linked to govt bond funds, they'll protect investors against volatility, says bank SOCIETE Generale has relaunched a series of structured notes that it says will protect investors against volatility because they are linked to government bond funds and are capital-guaranteed at maturity after
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      305 31 www.dbFX.com Overcome challenging markets with dbFX! Opportunities from Crisis 2008 dbFX Seminar Can you afford to miss it? Register now! Join this exclusive seminar for individual investors and identify the advantages of online margin FX trading withdbDC, from Deutsche Bank the World's No.l FX Bank*. Hear FX analyst Adam Boyton
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