The Business Times, 19 March 2008

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Microfilm: NL28858
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://www.businesstimes.com.sg *S* A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 122/12/2007 Wednesday, March 19,2008
    22 words
  • Article, Illustration
    Lock icon Bankruptcies sneak back despite good times
    669 1  -  SIOW LI SEN Situation could worsen if economy slows and people start losing their jobs By Source: SINGAPORE] Despite full smployment and robust sconomic growth, the number of people facing financial ruin has begun to rise. After falling from a high in 2004, the
    Insolvency & Public Trustee's Office  -  669 words
  • Article
    Lock icon Allco Reit fails in legal bid to head off ratings downgrade
    478 1  -  MICHELLE QUAH Moody's lowers rating after court sets aside injunction By I [SINGAPORE] Allco Commercial Real Estate Investment Trust (Allco Reit) has failed in its attempt to obtain a court injunction to head off a downgrade by Moody's Investors
    478 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      43 1 1COMP 1,180.02 +2.49 IIKKEI225 11,964.16 +176.65 IANG SENG 21,384.61 +300.00 ;et index 812.32 +5.58 JAKARTA COM P 2,339.79 +27.47 IANILACOMP 2,777.42 -16.26 ;eoulcomp 1,588.75 +14.31 ;henzhen b 496.50 -46.19 IUMBAI IND 14,833.46 +23.97 12NOONEDT Change 12,235.70 +263.45 )OW IAS DAI 2,223.71 +46.70
      43 words
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.33 MALAYSIA 6.74 HONGKONG 5.75 INDONESIA 15.765 TAIWAN 6.316 JAPAN 1.875 KOREA 9.33 BRITAIN 5.25 US 6.00 CANADA 5.25 SWITZERLAND 3.85 INDIA 12.25 Source
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      36 1 IS$ (S$ per US$) 1.37: (US$/S$ >er£) 2.004 2.762 ;URO(US$/S$/E) 1.576 2.172 'EN 97.6 70.8I 3.171 2.301 IK$ 7.770 5.637 !AHT 31.19 22.63 lUPIAH 9,225 6,693 lENMINBI 7.083 5.13! INDIAN RUPEE 40.63 29.41 1.080 0.78.
      36 words
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      3 1 8 *****1 *****4
      3 words
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      67 1 CORPORATE INVESTMENT BANKING ASSET MANAGEMENT PRIVATE WEALTH MANAGEMENT PRIVATE BUSINESS CLIENTS W mm\ MMM W A Passion to Perform. Deutsche Bank LJ j. For more information: www.db.com. This advertisement has been approved and/or communicated by Ded^B matter of record only. The services in this advertisement are provided by Deutsche Bank
      67 words
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      91 1 t" Jk SOCGEN REVAMP EXEC MONEY ***** MOTORING M'SIA CABINET Paris court orders release Value investing: Motorway takes over New faces hint of Jerome Kerviel Picking the right time fc^ franchise for $8m at reform N PAGE 14 to buy PAGE 32 r ißlßr PAGE 18 PAGE 3 House ofSfliforgan
      91 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon How House of Morgan bought a Bear, revisited history
      931 2 -NYT Deal makes James Dimon arguably the most powerful banker in the world [NEW YORK] High in a Park Avenue skyscraper, within a maze of soft rugs and wood-panelled walls, James Dimon sits just footsteps from the mahogany roll-top desk of
      -NYT  -  931 words
    • Article
      Lock icon Goldman, Lehman spring profit surprise
      658 2 Reuters, AFP [NEW YORK] Goldman Sachs and Lehman Brothers, two of Wall Street's biggest investment banks, both announced sharp declines in quarterly profits yesterday to a market on tenterhooks. But investors seemed to have breathed a sigh of relief as the results could have been
      – Reuters, AFP  -  658 words
    • Article
      Lock icon Lehman shares climb in early trade as it reveals US$34b liquidity pool
      461 2  -  MATTHEW PHAN It also has assets of USs64b it could borrow against By [SINGAPORE] Investment bank Lehman Brothers, which is said to bear the closest resemblance in business activity to Bear Steams, ended its first quarter with a
      461 words
    • Article
      Lock icon UBS's Asia-Pac unit in good shape: CEO
      578 2  -  YEN SREENIVASAN By [SINGAPORE] ÜBS banking group says its Asia-Pacific franchise remains robust and continues to enjoy strong growth, and current problems in the US financial market stem from a cyclical bump which is unlikely to impact the long-term health of the business.
      578 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon New faces in M'sian Cabinet hint at reform
        48 2 PRIME Minister Abdullah Ahmad Badawi announced a downsized Cabinet line-up with some encouraging inclusions that hinted at reform. Even so, at least one notable omission rebounded so spectacularly that the premier had to back-track yesterday evening. TOP STORIES, PAGE 3
        48 words
      • Article
        Lock icon Palm oil stocks continue slippery path
        55 2 PALM oil stocks yesterday continued to fall in line with a crash in vegetable oil prices amid a flight to cash. Wilmar International, Golden Agri-Resources, Indofood Agri Resources and First Resources all suffered double-digit falls before recovering to close off their lows in heavy
        55 words
      • Article
        Lock icon India exchange-traded fund to list on SGX
        58 2 THE first India exchange-traded fund in Asia based on the Nifty index will list on the Singapore Exchange next week. The Lyxor India Nifty ETF 10 launched by Lyxor International Asset Management, a wholly owned subsidiary of Societe Generate makes its debut on
        58 words
      • Article
        Lock icon Mapletree Logistics buys two warehouses for $56m
        45 2 MAPLETREE Logistics Trust is acquiring two warehouses in Singapore for a total consideration of $56 million. The two properties, located at Boon Lay Way and Benoi Road, cost $48 million and $8 million, respectively. COMPANY NEWS, PAGE 5
        45 words
      • Article
        Lock icon MGPA's Marina View project to cost $5b
        94 2 MACQUARIE Global Property Advisors will spend about $2 billion building a commercial complex on two development sites at Marina View that it clinched last year. With the sites having cost close to $3 billion, the total investment will be around $5 billion. MGPA
        94 words
      • Article
        Lock icon M-E consortium proceeding with US$5b M'sia investment
        69 2 A MIDDLE Eastern consortium is ready to proceed with a planned US$5 billion investment in an integrated oil and gas complex in Malaysia, the recent change in the country's political landscape notwithstanding. Allocation for the crude oil supply as well as the requisite
        69 words
      • Article
        Lock icon Price dive wipes US$80b off Bank of China's value
        78 2 BANK of China Ltd, the nation's biggest sub-prime mortgage investor, tumbled below its initial public offer price for the first time in Hong Kong, capping a five-month slide that wiped out US$B4 billion in market value. Bank of China became the
        78 words
      • Article
        Lock icon Fed draws fire over bailout with taxpayers' money
        97 2 THE US Federal Reserve walked into a political firestorm by pledging US$3O billion in taxpayer money to guarantee Bear Steams' assets while struggling homeowners at the core of the financial crisis default on their mortgages. To be sure, the Fed could hardly
        97 words
    • Article, Illustration
      Lock icon New faces in M'sian Cabinet hint at reform
      780 3  -  S JAYASANKARAN Rafidah dropped but Maybank's ex-chief and judiciary critic get key assignments By in Kuala Lumpur PRIME Minister Abdullah Ahmad Badawi yesterday announced a downsized cabinet line-up with some encouraging inclusions that hinted at reform. Even so, at least one notable
      780 words
    • Article
      Lock icon Goldman replaces Abby Cohen as chief forecaster
      549 3 Bloomberg David Kostin will now make the calls for S&P 500 [NEW YORK] Abby Joseph Cohen, the second-most bullish Wall Street strategist at the start of the year, was replaced by Goldman Sachs Group Inc as the bank's chief forecaster for the US
      ■ Bloomberg  -  549 words
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      71 3 JoM£ m m .^m.: m \W dmfmmm^Mi Ut il^V mWJLW^ i ifci. K^i B' —rjj^B^ HI liSinffil it *"ii i*-*Y^ WW. J ifc-^^m" Hr V \mW?mmmmtr--. I Z& i^T* IT fl V WWW.MBANDF.COM HOROLOGICAL MACHINE N°l f%^|—t I f MTmW^^^^mm^W M-m^Wi Mlnfc^^ l^^^te^* II vl flu Kg^^KLM 91 Jl I
      71 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Palm oil stocks continue slippery path
      468 4  -  SIOW LI SEN In XL, crude palm oil contract suffered biggest decline in a single day By PALM oil stocks yesterday continued to free fall in line with a crash in vegetable oil prices amid a flight to cash. Wilmar International, Golden Agri-Resources, Indofood
      468 words
    • Article
      Lock icon Analysts still upbeat on Reits but investors wary
      505 4  -  CHEW XIANG By FOR some time now, analysts have been saying that real estate investment trusts (Reits) are a good shelter in stormy markets, given their attractive and steady yields. But investors are still not biting, as concerns remain about Reits' ability
      505 words
    • Article
      Lock icon Will Lippo make counter-bid for Robinson?
      869 4  -  MICHELLE QUAH DUBAI'S Al-Futtaim Group on Monday raised its takeover bid for Singapore retailer Robinson Co to $7.00 a share, from $6.25 previously pressured by the buoyant performance of Robinson's stock, which has been trading at an average of $6.64 since the original offer
      869 words
    • Article
      Lock icon India exchange-traded fund to list on SGX
      554 5  -  CHOW PENN NEE SocGen unit's Lyxor India Nifty ETF makes its debut on March 28 By THE first India ex-change-traded fund (ETF) in Asia based on the Nifty index will list on the Singapore Exchange (SGX) next week. The Lyxor India Nifty ETF
      554 words
    • Article, Illustration
      Lock icon SPH Search launches local search engine
      408 5  -  WEE JUN KAI It aims to be the premier destination for info on Spore By ONLINE search and directory company SPH Search, a joint venture between Singapore Press Holdings (SPH) and Norwegian media group Schibsted ASA, yesterday launched Singapore's first local search and directory
      408 words
    • Article
      Lock icon Mapletree Logistics buys two warehouses for $56m
      286 5 MAPLETREE Logistics Trust (MapletreeLog) is acquiring two warehouses in Singapore for a total consideration of $56 million. MapletreeLog, through its trustee, HSBC Institutional Trust Services (Singapore) Ltd, has signed two put and call option agreements to acquire the two warehouses from Cougar Holdings
      286 words
    • Article, Illustration
      Lock icon Kingsmen wins $14.5m Resorts World contract
      319 7  -  WINSTON CHAI It will build props and show sets at Universal Studios' Sentosa theme park By SINGAPORE'S Formula One and Sentosa integrated resort projects are a boon to Kingsmen Creatives. The communications design and production group said yesterday that it has won a $14.5
      UNIVERSAL STUDIOS ™ *innn  -  319 words
    • Article
      Lock icon Straits Asia gives update on coal mining numbers
      274 7 Bloomberg Jembayan to yield 39m tonnes from 48m tonne reserves STRAITS Asia Resources Ltd, an Indonesian coal producer, said that reserves that it can extract and sell at the Jembayan mine are around 39 million tonnes. Coal resources at the mine total
      Bloomberg  -  274 words
    • COMPANY BRIEFS
      • Article
        Lock icon Nucleus subsidiary buys 6.9% stake in AIC for RM6.06m
        64 7 NUCLEUS Electronics has acquired 10.1 million shares of Malaysian semiconductor company AIC Corporation Bhd for RM$6.O6 miUion (552.63 million) This represents a 6.9 per cent stake in AIC. The purchase was undertaken by Nucleus' subsidiary Wencastle Holdings and will help the
        64 words
      • Article
        Lock icon Swissco sets up Indonesian joint venture
        57 7 SWISSCO International has re-established its presence in the Indonesian oil and gas market through the formation of an associated company PT Swissco Indonesia. Swissco will have a 49 per cent stake in the new Jakarta-based joint venture, while the remaining 51 per cent will
        57 words
      • Article
        Lock icon Darco, ECIL reach out-of-court settlement
        43 7 DARCO Water Technologies, which has been embroiled in a legal suit with ECIL Limited, said both companies have reached an out-of-court settlement. ECIL will pay $3 million to Darco, being the full and final settlement of all claims.
        43 words
      • Article
        Lock icon M1 goes into music streaming with Soundbuzz
        76 7 Ml has launched a new service to allow subscribers to tune in to their favourite music on the move. Called Ml Jukebox, the service is jointly developed by the operator and digital music provider Soundbuzz. By paying a monthly fee of $5.35, users
        76 words
      • Article
        Lock icon Peace Mark's Sincere Watch offer gets acceptances of 97.08%
        70 7 HONG Kong-listed Peace Mark Holdings, which has made a voluntary offer for mainboard-listed Sincere Watch, said that it had received acceptances amounting to 97.08 per cent of Sincere's issued share capital at the offer's close yesterday. Peace Mark intends to maintain
        70 words
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      Lock icon Page 4 Advertisements Column 1
      332 4 TT^| HOUSING 4 > DEVELOPMENT MJ J BOARD LAND FOR SALE LAND PARCELTOA PAYOH S3 JL. BEATTV jSf 111 z -^^M UfflSkn^.^ SECONDARY SCHOOL j©' viy 14 '■<«iig^^^ >©' PS YELLOW PAGE S 9 PTE LTD jV BSB^^&?>»^^^ Br^^ESi c' VJrONG"cmpLC 1 B 131 SPORE FEDERATIOtI OF PHILIPS CHINESE CLflB
      332 words
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      Lock icon Page 4 Advertisements Column 2
      252 4 DISCOVER SECRETS HOW ORDINARY PEOPLE tj§P VWTH NO EXPERIENCE EARN $10,000 MONTHLY M& r^ Anybody can earn $10,000 Monthly Easily when you discover our PROVEN TRADE SECRETS! '^o-oooh.^ No need to quit your job. MONEY BACK GUARANTEE* to make sure you succeed. M mimiii miiiiap f/'VN "Although we have NO
      252 words
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      139 5 ORCHARD iSCOTTS RESIDENCES SINGAPORE A GREAT WAY TO LIVE Welcome to Orchard Scotts Residences, M I where you'll experience the very best services and facilities that only the world's I top resorts can offer. A team of professional service providers is available to take care A -~f of your personal
      139 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Dead cat bounce for Wall Street and dollar?
      721 6  -  LARRY WEE CURRENCIES It may be a hop or a nervous skip, rather than an impressive jump THE latest issue of Britain's respected Economist magazine summed up last week's financial market turmoil thus: "Debt, such an exalted financing tool a little more
      721 words
    • Article
      Lock icon Financial market recap
      230 6 Changes over the past week YEAR TO DATE MAR 18'08 HIGH LOW CLOSE CHNG US$ vs CURRENCY JPY 97.67 -4.15 124.16 95.71* SGD 1.3775 -0.66 1.5479 1.3757* IDR 9185 0.00 9500 8650 THB 31.22 -1.08 36.72 31.18* CNY 7.0815 -0.30 7.8150 7.0814* MYR 3.1675 -1.06 3.5250 3.1530*
      230 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      104 6 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 10 4 3 0 0 0 10 4 3 lanufacturini 70 74 53 10 15 75 84 68 Commerce 20 26 22 24 30 29 "pt/Stor/Comms 24 10 24 11 :inance 13 12
      104 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 23,994 23,994 114,200 114,200 Manufacturing 372,469 23,957 396,426 329,080 3,490 332,570 Commerce 66,370 3,515 69,885 105,584 335 105,919 Tpt/Stor/Comms 111,476 226 111,702 309,825 56 309,880 Finance 40,005 40,005 314,484 314,484 Construction 46,521 13,515 60,036 11,269
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Cham Stock name Close Cham Capita Land 5.860 +0.310 Olam 2.060 -0.040 Capita Mall 3.060 +0.040 SI A 14.240 +0.100 CityDev 9.950 -0.040 SGX 6.630 +0.200 Cosco Corp 2.890 +0.010 SIAEngg 3.850 -0.030 DBS Grp 17.140 +0.440 SPH 4.510 +0.110 F&N 4.510 -0.070
      115 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      704 6  -  MATTHEW PHAN SWIBER has said it has a letter of intent (LOI) from CUEL, a Thai-based offshore EPC fabrication contractor, to install platforms and pipelines in the Gulf of Thailand for CUEL's clients. The value of this service is estimated to be about US$5O million a year over
      Source: Bloomberg  -  704 words
    • Article, Illustration
      Lock icon A relief rally, but is this another bear trap?
      495 6  -  R SIVANITHY STOCKS A VOLATILE session for the Hong Kong market that eventually ended with the Hang Seng Index closing 300 points higher after a 400-point loss helped ease some of the pressure on the local stock market, enabling the Straits
      495 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      54 6 Mar 18 VALUE CLOSE -1242.00+40.00 BT OB/OS BT CADI -*****.00 -22.00 BT 10-day MA -*****.00-124.00 FTSE ST Mid Cap 716.01 +10.95 FTSE ST Small Cap 610.73 -1.23 FTSE ST All Share 724.01 +9.10 FTSE ST China 401.58 +2.84 UOB Catalist 144.65 +0.03 SIMSCI 353.92 +7.00 SIMSCI Futures
      54 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Golden Agri 83,602,000 CoscoCorpMßLeCWoBoBol 49,335,000 Tri-M 42,258,000 Firstßes 38,397,000 Global Test 36,452,000 Sing Tel 35,750,000 Yangzijiang 32,124,000 China Hongxing 28,007,000 Gent Intl 27,800,000 Synear 26,166,000 VALUE(S) Sing Tel 139,260,380 SGX 106,474,640 Capita Land 82,717,020 DBS Grp 76,539,640 Wilmar 76,362,612 Golden Agri 68,605,256 Keppel Corp 68,573,590 UOB
      58 words
    • Article
      Lock icon RISES
      100 6 CLOSE UP Venture Con 1042 72.0 7.4 DBS Gri 1714 44.0 2.6 UOB 1754 38.0 2.2 JSH 1622 33.1 1.5 .and 586 31.0 5.6 SIA 200 1430 30.0 2.1 Sincere W 230 28.0 13.9 Tri-M 34 23.5 223.8 DBS MBLiCW/*****0 459 23.0 5.3 ■e Land 649 23.0 3.7 BY
      100 words
    • Article
      Lock icon FALLS
      118 6 CLOSE DOWN GLD 10US$ 9968-187.4 -1.3 Shani iriLa Asia 1798-112.1 -26.0 JMH 2760 -66.1 -1.7 Wilmar DBeCW*****1 29.5 -33.0 -52.8 Cmdt 10US$ 386 -31.7 -5.6 lux 300 -30.0 -9.1 SC Global W*****0 55 -30.0 -35.3 OCBCCai :.93%Pref10 ***** -20.0 -0.2 Wilmar 360 -20.0 -5.3 Creative Tech 685 -15.0 -2.1
      118 words
    • Article
      Lock icon CURRENCIES
      83 6 iere« S$ stands Mar 18 CHNG CLOSE FRMaM7 YR 2008/07 S$ LOW S$ HIGH USS 1.3775 0.52 1.5479 1.3757 Euro 2.1747 0.56 2.1639 1.9913 Pounds 2.7692 0.87 3.1194 2.7390 AS 1.2778 0.13 1.3555 1.1741 Yen* 1.4104 1.39 1.4484 1.2285 Rill liah* 0.***** -0.35 0.***** 0.***** Baht* 4.4122 0.04 4.5700
      83 words
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      163 7 Vorsprung durch Technik www.audi.com.sg /^"^T^JT^^"^ Audi The Audi A 6. A luxury sedan that's far ahead of its time. 'V A =j 'jl i _^^W^Sw|^H v With $15,000 overtrade, low interest rates and low monthly repayments, you could now own one sooner than you imagine. Stay ahead of the rest
      163 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon MGPA's Marina View project to cost $5b
      388 8  -  ARTHUR SIM Devt to have over 2.6 m sq ft in two towers of more than 40 storeys each By MACQUARIE Global Property Advisors (MGPA) will spend about $2 billion building a commercial complex on two development sites at Marina View that it
      388 words
    • Article
      Lock icon Jurong West landed plot not awarded
      252 8 THE government yesterday said that it's not awarding a landed housing parcel in Jurong West because the bids were too low. When the tender for the 151,759 square foot site closed this month, there were just two bids. And the higher of the two
      252 words
    • Article
      Lock icon HDB's 2nd BTO project takes off
      393 8  -  ARTHUR SIM By THE Housing and Development Board launched its second build-to-order (BTO) project yesterday. Jade Spring Yishun (Phase 2) will have 576 flats for sale. With 494 flats launched last month, HDB has made available a total of 1,070 flats so far. It
      393 words
    • Article
      Lock icon LTA excellence awards for firms and individuals
      368 9  -  DANNY TAN Fock Siew Wah, Michael Fam feted for contributions to public transport By THE inaugural Land Transport Excellence Awards held yesterday recognised the achievements of individuals and companies who have contributed significantly to improvements in public transport. The awards ceremony was also
      368 words
    • Article
      Lock icon Rooftop greening cools Pasir Ris Park
      158 9 THE new 2.9-hectare Pasir Ris Park extension, toured by the media yesterday, features plants growing on the roofs of its open interpretive centre and toilet block. Rooftop vegetation reduces surface and ambient air temperatures by as much as 31 deg C and 4.2 deg
      158 words
    • Article
      Lock icon Entry deadline for new award extended
      403 9  -  CHEW XIANG Closing date for Emerging Enterprise 2008 now March 31 By SMALL firms vying for the Emerging Enterprise 2008 award will have an extra week to draft their entries. Organisers have extended the deadline to March 31, saying that they have received many
      403 words
    • Article, Illustration
      Lock icon Canadian scientist is first winner of LKY Water Prize
      330 9  -  MATTHEW PHAN By A CANADIAN was yesterday named inaugural recipient of the $300,000 Lee Kuan Yew Water Prize, to be awarded during the Singapore International Water Week in June. Andrew Benedek's pioneering work in low-pressure membranes has allowed even highly polluted
      330 words
    • Article
      Lock icon Duke-NUS, Lien Foundation in palliative research
      242 9 DUKE-NUS Medical School has collaborated with the Lien Foundation to establish Asia's first research centre for palliative care. The Lien Centre for Palliative Care will draw on the research capabilities of Duke-NUS through Duke University's end-of-life and palliative care research programmes, with involvement and
      242 words
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      3038 8 A FOREtAND AVIVA MORLEY LOST certificate no. 131 abbictegh Soci6t6 d'lnvestissement Capital Variable (SICAV) The following share certificate has been reported lost mislaid or destroyed by the FORELAND FABRICTECH HOLDINGS LIMITED Re9iStered °ffiCe: ftTE^SiE&Eo" 30 LUXEMB°URG registered shareholder^ (Incorporated in Bermuda) C^K^j^i^i!Uul^U^l^E^li^Hk^Uu^^^l (Company Registration No.: *****) NOTICE OF ANNUAL GENERAL
      3,038 words
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      141 9 I 83l KB BSfl K-^B I mWEmm I6!^MkVl H^^Tml BTL >ffcw-»,..?-— I I RS H^ :t^ ss__s ~e I 111 MM Hi I w^ najt— MTHmßmriii. ILF w^^ B::! i H fifftfe-B B'*"-'':-:B Br^Bw B^ ilflj K^S^ i "-l*kBIB BaflWißrl g!j I" Mffv^^^^B B» B B^ \iSSSSr mmmm'< Wr&m afti
      141 words
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  • ECONOMY WATCH
    • Article
      Lock icon Risk of global financial contagion: IMF
      485 10 -Reuters Global financial system could be facing losses of close to USsBoob [WASHINGTON] A mounting global credit crisis could result in financial "contagion" that could wipe US$BOO billion of value from the books of US and global financial institutions, a senior International Monetary Fund
      -Reuters  -  485 words
    • Article, Illustration
      Lock icon Crisis may up demand for World Bank funds
      425 10 Reuters [GENEVA] Financial market turmoil could result in higher developing-country demand for multilateral financing, World Bank president Robert Zoellick said on Monday. The former US government official and Goldman Sachs executive said that recent contractions in global credit had not caused borrowing
      – Reuters; AP  -  425 words
    • Article
      Lock icon Poll finds broad pessimism over US economy
      222 10 Reuters [WASHINGTON] More than three in four Americans think the United States is in a recession according to a USA Today/Gallup Poll released yesterday. Not since September 1992, two months before President George HW Bush lost his re-election bid, have so many Americans
      – Reuters  -  222 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7672 10 UNIT TRUSTS FUNDS ABN AMRO Asset Mgt (Spore) Star Europe Eqty1 n 867/ Star Europe Bond 1 A 4/ Star Europe Bal 1 1.7/ Star Asian Tiger lqr v 1 I<)9/ Star Asia Bond 1 19/ Star Asia Balamed "'all Star Global Te< hriolo<iy I und I 182/ Multi St
      7,672 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M-E consortium proceeding with US$5b investment
      587 11  -  PAULINE NG The amount will go towards an integrated oil and gas complex By in Kuala Lumpur A MIDDLE Eastern consortium is ready to proceed with a planned US$5 billion investment in an integrated oil and gas complex in Malaysia, the recent change in
      THE STRAITS TIMES FILE PHOTO  -  587 words
    • Article
      Lock icon Indonesian police probe massive credit card fraud
      206 11 AFP [JAKARTA] Credit card companies and Indonesian authorities said yesterday they were investigating card counterfeiting estimated by police to have caused more than US$3 billion in losses. "The estimate up to now is 30 trillion rupiah (554.52 billion) in losses, but it could
      AFP  -  206 words
    • Article
      Lock icon Stanchart eyes M'sian Islamic banking unit
      198 11 Reuters [KUALA LUMPUR] Asia-focused Standard Chartered Bank has applied for a licence to set up a separate Islamic banking unit in Malaysia, aiming to capture growth in a business that has escaped global credit turmoil. Julian Wynter, managing director of the bank's Malaysian arm,
      – Reuters  -  198 words
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      363 11 ACCPAC Care is the technical support programme for Sage ACCPAC ERP users. It is unsurpassed support starting from a listening ear, to understanding your needs, and giving you complete peace of mind to manage your business. ACCPAC Care is helmed by veterans who have been supporting over 1,000 users, giving
      363 words
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  • INDIA
    • Article, Illustration
      Lock icon Billions flowing abroad on studies
      406 12  -  SIDDHARTH SRIVASTAVA Deregulating higher education could produce revenue boom: Assocham By in New Delhi ABOUT 450,000 Indian students spend more than US$l3 billion a year on higher education abroad because of a lack of learning institutions at home, says the Associated Chambers of Commerce and
      BLOOMBERG FILE PHOTO  -  406 words
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      4020 12 TSIT WING INTERNATIONAL HOLDINGS LIMITED (\dZ\ HOUSING thu-nrpimitetl in Bermuilu ivith hnutetl liability) k DEVELOPMENT NOTICE OF ANNUAL GENERAL MEETING I B-l J BOARD NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tsit Wing International Holdings (c) for purposes of this Resolution:- Limited ("the Company") will be held
      4,020 words
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  • GREATER CHINA
    • Article
      Lock icon Price dive wipes US$80b off BOC's value
      431 13 Bloombery Shares trade below IPO price on fears of more sub-prime writedowns [HONG KONG] Bank of China Ltd, the nation's biggest sub-prime mortgage investor, tumbled below its initial public offer price for the first time in Hong Kong, capping a five-month slide that
      Bloombery  -  431 words
    • Article
      Lock icon Hutchison profit surges
      124 13 Bloomberg [HONG KONG] Hutchison Telecommunications International Ltd's full-year profit surged after the company sold its stake in an Indian carrier. Net income rose to HK566.88 billion (Ssll.B billion), or HK$l4.Ol a share, from HK$2Ol million, or four Hong Kong cents, a year earlier, the company said in
      ■ Bloomberg  -  124 words
    • Article, Illustration
      Lock icon Dalai Lama appeals for calm, offers to quit
      387 13 -AFP [DHARAMSHALA, India] The Dalai Lama appealed yesterday for calm in Tibet and "good relations" with China, and offered to quit as head of the exile movement if violence in the region worsens. The Nobel Peace laureate, 72, said Tibetans and Chinese
      -AFP; AFP  -  387 words
    • Article
      Lock icon Alibaba 2007 net profit more than quadruples
      153 13 Reuters [HONG KONG] Top Chinese e-commerce firm Alibaba.com Ltd said yesterday its full-year 2007 profit grew 340 per cent, amid healthy online trade. Its shares lost more than one-fifth of their value yesterday before the results were announced, following a sell-off of Nasdaq-listed
      – Reuters  -  153 words
    • Article
      Lock icon BURSA MALAYSIA
      2292 13 lar 18 flar 18 RM ASM Realty 0.55 \bric Bhd 0.20 advance Synergy 0.12 Adventa Bhd 1.18 Ae Multi Hldgs 0.23 Win Holdings 2.00 Ahmad Zaki Resou 0.90 AicCorp 0.57 \irasia Bhd 1.37 Akn Technology 0.43 alliance Financi 2.77 AluminiumCo 1.06 Amalgamated Ind 0.50 tamb Hldgs Bhd 3.16
      2,292 words
  • Page 13 Advertisements
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      139 13 A Medan* 1 x mr 6x™ .Bali* W 4x WEEKLY S^^^ j^ Valuair is a sister company of Jetstar (JetM-) ,i£ff operates 44 flights a week from Singapore to Indonesia. Pita" Allocated seats Complimentary 20kg baggage Arrival and departure at fUSfc Online refreshment allowance Changi Airport Terminal ]^X seat selection
      139 words
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      33 13 cordially invities Business Owners Corporate Businesses Entrepreneurs High Net Worth Individuals Institutional Investors Man-in-the -Street for a presentation conducted a changed venue 6 Battery Road Level 30 Admission is for Ist 70 callers
      33 words
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  • WORLD
    • Article, Illustration
      Lock icon SocGen revamps senior management
      558 14 Reuters, NYT Accused trader expected to be allowed to leave prison pending investigation [PARIS] A Paris court ruled yesterday that Jerome Kerviel, the trader accused of causing record losses at French bank Societe Generale, could leave prison pending investigation, lawyers attending the court session said. In
      Reuters, NYT  -  558 words
  • Page 14 Advertisements
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      354 14 lv a v k y m V m Easter's Ethereal Joys I Cafe Swiss w M 21 to 23 March 2008 I IWI IK f V^ Nibbles Nosh I Out of The Pan Irt LSI I W/J I Easter Goodies I The Easter House Lobby Court I I I 1
      354 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon US economy in 'sharp decline': Paulson
      569 15 -AP, neuters LATEST US DATA Rise in wholesale prices, core inflation up at fastest pace since Nov 2006 [WASHINGTON] US Treasury Secretary Henry Paulson said yesterday the US economy had turned down sharply but declined to label the situation a recession. "We know we're
      -AP, neuters  -  569 words
    • Article
      Lock icon UBS cuts chairman's pay by 90% after loss
      246 15 Bloomberg [ZURICH] ÜBS AG cut chairman Marcel Ospel's pay by 90 per cent after Europe's largest bank by assets reported the biggest-ever loss by a bank. Mr Ospel, 58, earned 2.57 million Swiss francs (553.58 million) last year, Zurich-based ÜBS said in
      – Bloomberg  -  246 words
    • Article, Illustration
      Lock icon Standoff puts BOJ in danger of becoming headless
      496 15  -  ANTHONY ROWLEY By in Tokyo JAPAN looked no nearer yesterday to having a new governor for its central bank who is acceptable across the spectrum of political opinion, even after the government came up with a new nominee, former finance ministry official
      BLOOMBERG  -  496 words
  • Page 15 Advertisements
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      21 15 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 15 Advertisements Column 2
      322 15 3 reasons why you should attend: NetApp Evolution 2008 1. Get the Full Benefit of Virtualisation The benefits of server virtualisation are well-known, but to get the full benefit DAT E I/Ap Tl I zUUo you need to virtualise storage as well. NetApp offers best-in-class data solutions for a truly
      322 words
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  • BEAR STEARNS FALLOUT
    • Article
      Lock icon Fed draws fire over bailout with US$30b of taxpayers' money
      550 16 -Reuters NEWS ANALYSIS Bear Steams move stands stark against govt's attitude on reducing foreclosures [WASHINGTON] The US Federal Reserve walked into a political firestorm by pledging US$3O billion in taxpayer money to guarantee Bear Steams' assets while struggling homeowners at
      -Reuters  -  550 words
    • Article, Illustration
      Lock icon Critics question Bush's grasp of economic crisis
      445 16 LAL-WF, Keuters President failed to focus on fear over economy, markets [WASHINGTON] In some ways it was a throwaway line, the kind of praise a boss tosses out casually. But as the economy teetered on Monday, President George Bush's words to Treasury Secretary
      – LAL-WF,; Keuters  -  445 words
    • Article
      Lock icon Citic ends cooperation agreement
      184 16 Reuters [SHANGHAI] Citic Securities, China's biggest listed brokerage, yesterday said that it has decided to terminate its planned strategic cooperation with Bear Steams, including a US$l billion investment in the US bank, after the troubled bank was bought by JPMorgan. "The preconditions and basis for the
      ■ Reuters  -  184 words
    • Article, Illustration
      Lock icon Employees' investments wiped out
      694 17 -AP Some 14,000 workers' portfolios have lost USs3b this month alone [NEW YORK] Wall Street is unlikely to shed many tears over the swift downfall of Bear Steams Cos, a hard-nosed firm that made few friends since its founding in 1923. Forced to seek help from
      -AP; AP  -  694 words
    • Article
      Lock icon JPMorgan gets office tower worth US$l.5b
      614 17 Bloomberg [NEW YORK] With the purchase of Bear Steams for about US$24O million, JPMorgan gains the firm's six-year-old, 45-storey office building, which is worth about US$l.5 billion, or more than US$l,2OO a square foot, said Dan Fasulo, director of market analysis for Real Capital
      – Bloomberg  -  614 words
    • Article
      Lock icon British tycoon Lewis takes US$lb hit from Bear Steams
      406 17 Reuters Unclear if he hedged the stake for which he paid over US$lOO a share [LONDON] Even the most successful investors can get it horribly wrong, as reclusive British tycoon Joe Lewis has just found out. The septuagenarian British billionaire currency
      Reuters  -  406 words
  • Page 16 Advertisements
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      151 16 LUXURY ■MM» vBRnSSuSBISRw/Cm IB 3 H BHHSHm equinox b I /\LI 'J V' J ;-J' J I IT/ <^ -1 I—' Mill j \J/ l._/l TZy/. ctic Easter Treats pj savouring It's the perfect way to start your Easter holidays enjoy churrascaria experience. For an alternative dining nf Asia experience,
      151 words
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  • MOTORING
    • Article, Illustration
      Lock icon Motorway takes over SsangYong for $8m
      597 18  -  SAMUEL EE Used car dealer to mark the event with launch of new showroom By PRE-OWNED luxury specialist and rental car company Motorway Group has paid $8 million to take over the SsangYong franchise in Singapore. Motorway SsangYong is now the sole distributor of
      JOHN HENG  -  597 words
    • Article, Illustration
      Lock icon Trans-Cab orders 200 Toyota Wish for use as CNG taxis
      519 18  -  SAMUEL EE By TAXI operator Trans-Cab is buying 200 units of the Toyota Wish from authorised distributor Borneo Motors Singapore and getting them converted to run on compressed natural gas or CNG. The compact Wish mul-ti-purpose vehicle (MPV) has been
      ARTHUR LEE  -  519 words
  • Page 18 Advertisements
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      199 18 <iconjxi^> 11. Bui Ik 1 I JroCTWBiSSirT^ lI l l I||}Jll<J SINGAPORE f A Chinese luxury lifestyle I L 3 L 4' 3 magazine IW L \A y]M Anniversary Edition Bfl 111 II I ik |i ii: ij 11 11 h[yiw] yi \ffSr Add the Mitsubishi 'Electric MR-F62T-ST X- i^^JT^f
      199 words
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  • AVIATION
    • Article, Illustration
      Lock icon SIA says it's still in talks to buy China Eastern stake
      509 19 Reuters Singapore Airlines' HK$3.BO bid was countered by Air China's higher offer of HK$5 [SINGAPORE] Singapore Airlines said yesterday that it was still in talks with China Eastern over acquiring a stake, as it seeks to get a foot
      – Reuters; AFP  -  509 words
    • Article
      Lock icon US carriers likely to drop routes
      675 19 Reuters They may shrink operations amid high fuel costs [WASHINGTON] Major US airlines are beginning to shrink their operations as they battle unrelenting increases in fuel prices, a weakening economy and a sharp decline in their share prices. In an effort to staunch the
      – Reuters  -  675 words
    • Article
      Lock icon Air China ups capex by 6% to 18b yuan
      434 19 Reuters [HONG KONG] Air China will boost its capital expenditure (capex) by 6 per cent to 18 billion yuan (553.5 billion) this year, and still hopes to tie up with rival China Eastern, executives said yesterday after the Chinese flag carrier
      ■ Reuters  -  434 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2474 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AC), Al =mnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl R al Brunei Airline;, "dn Bhd (RBA), BO Bouraq Airlines (BOU),
      2,474 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      335 19 CRYPTIC CROSSWORD 1 Items of furniture left, for ex- __^BL_ ample, in front of the stage I^HI 6 The sort of chamber wel- 9 j j j I corned by a male chorus (4) L_J L^J L^^ H^ 9 Policeman is worried by mi- HH JM BB^_^B BB' tially cautious
      335 words
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  • SHIPPING
    • Article
      Lock icon EU demonstrates a lack of understanding
      764 20  -  DAVID HUGHES STRAIT TALK Shipping is the most environment-friendly of the main modes of transport By NEXT week, the environmental issues surrounding bunkering will be discussed at the Asia Pacific Maritime Conference here in Singapore. Later in the year, the Singapore International Bunkering Conference
      764 words
    • Article, Illustration
      Lock icon Daewoo profit triples in Feb
      268 20 Bloomberg [HONGKONG] Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard, said profit last month almost tripled from a year earlier as it built more expensive vessels to carry consumer goods and fuel. Net income in February rose to 45.4 billion won (Ss6l million) from
      ■ Bloomberg; BLOOMBERG  -  268 words
    • Article
      Lock icon China shipbuilder's net up 140%
      281 20 Xinhua [BEIJING] China State Shipbuilding Co, the nation's biggest shipyard, said its 2007 net profit soared 140 per cent as it increased production to meet rising demand for vessels and diesel engines. Net income reached 2.92 billion yuan (*****.9 million) or 5.53 yuan per share
      Xinhua  -  281 words
    • Article, Illustration
      Lock icon TUI optimistic despite global slowdown
      339 20 [HANOVER] Germany's TUI AG, in the middle of splitting up its tourism and shipping businesses, is optimistic about 2008, aiming to boost profitability despite slowing global economic growth, it said. Chief executive Michael Frenzel, who on Monday bowed to shareholder pressure and agreed to examine
      REUTERS  -  339 words
    • Article
      Lock icon Finland's Sunborn to move shipbuilding ops to M'sia
      367 20 Deals worth RM 1.4b for M'sian firms as it awaits govt's word [KUALA LUMPUR] As much as RMI.4 billion (*****.4 million) worth of contracts will be up for grabs for Malaysian firms as Finland's Sunborn International plans to move all its shipbuilding
      367 words
    • Article
      Lock icon PSA sees slower box traffic
      181 20 Bloomberg SINGAPORE, the world's busiest container harbour, will likely report slower growth this year as global economic uncertainty crimps cargo demand, according to the port's biggest operator. "We'll see weaker growth this year, due to economic cooling," Kuah Boon Wee, who heads PSA International's South-east
      – Bloomberg  -  181 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        103 20 '000 lar CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.53 0.36 2.89 0.83 1.82 1.07 0.06
        103 words
      • Article
        Lock icon KLSE
        37 20 '000 lar Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.70 8.05 7.70 3.80 3.12 0.22 0.14 0.01 unch 0.05 unch unch -0.05 -0.01 IS 3: 65! 81: 5! i: 5!
        37 words
      • Article
        Lock icon BANGKOK
        12 20 '00 ■recious Ship Jegional Cont .23.70 .23.90 0.70 0.40 256' 14!
        12 words
      • Article
        Lock icon HONGKONG
        6 20 '000 toil .40.80 -0.60 133;
        6 words
      • Article
        Lock icon PHILIPPINES
        20 20 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.60 32.00 unch unch 0.10 unch unch unch 50( 10S
        20 words
      • Article
        Lock icon TAIPEI
        20 20 Evergreen Marine ...27.30 :irst Steamship 64.90 /Van Hai Lines 27.55 r"ang Ming Marine...21.70 1.50 0.20 1.50 0.60 21 2;
        20 words
      • Article
        Lock icon TOKYO
        38 20 '000 (awasaki Hvylnd ..210.00 -4.00 1824! (awasaki Kisen 873.00 -17.00 992! Mitsubishi Hvy 397.00 1.00 4052} Mitsui Eng&Sbldg...246.00 -3.00 137K Mitsui Osk Lines ...1141.00 -23.00 ***** Mippon Express 529.00 13.00 551! MipponYusen 836.00 -23.00 ***** source: Reuters
        38 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      67 20 We have immediate vacancy for the above position. Incumbent to be suitably qualified and well-versed in ISM and ISPS Codes. Interested candidates, please call Sino Ling Tao Resources Pte Ltd at 6226 4455 to enquire or email with full resume to: hr@sinolingtao.com.sg Lianhe Zaobao I I Crude oil price hikes
      67 words
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      Lock icon Page 20 Advertisements Column 2
      96 20 TUVALU SHIP REGISTRY QUALITY SERVICE HCS'ftsC!--**-*^^'' t— QAJALITY FLAG r- 1 Low taxes 5. Worldwide network of surveyors 2. Agreements with lACS members 6. No restriction on nationality of ownership st^X^cVrtificatr 11" °f 7- T-al" P"** STCW 1987 SJ-Sf" 1 y Ulll-1"« as amended, and is a country in the
      96 words
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      Lock icon Page 20 Advertisements Column 3
      5 20 ST U WWW ST7OI COM
      5 words
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  • ASIA PACIFIC MARITIME 2008
    • Article, Illustration
      Lock icon Spotlight on the latest systems
      884 21 VINCENT WEE highlights some of the cutting edge products that will go on show for the first time in Singapore and the region FOR many people the most enduring image of the maritime industry is either that of a vessel steaming across the high seas
      884 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      1026 21 A POWER-PACKED CONFERENCE: FOR THE INDUSTRY, BY THE INDUSTRY A^' A a R j"'^ 1 c Organised by Reed Exhibitions, in partnership with The Business Times, the conference showcases Asia's achievements, the region's role and its growing leadership in the l global maritime industry, its latest trends and developments. IIANNIVERSARY
      1,026 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Long week ahead for Taiwan politics
      497 22 UNTIL a week ago, most opinion polls in Taiwan were predicting that Ma Ying-jeou of the Chinese Nationalist Party (Kuomintang) would beat his rival Frank Hsieh of the Democratic Progressive Party (DPP) in the island's presidential elections in a canter. The rival parties were
      497 words
    • Article, Illustration
      Lock icon Opec should win back oil market confidence
      1152 22  -  G PANICKER The global economy is unlikely to quietly put up with any further steep rise in price ILL Goldman Sachs prove twice lucky? Its analysts predicted three years ago that oil had entered a "super spike" era and that it would breach
      BLOOMBERG  -  1,152 words
    • Article, Illustration
      Lock icon Blue-ribbon panel a good way to defuse Tibet bomb
      780 22  -  FRANK CHING THE BOTTOM LINE JUST as Beijing prepares to bask in the glow of international acceptance of a rising, peaceful China, the violence in Lhasa may result in the spotlight falling instead on a China that suppresses demonstrations by Tibetan
      780 words
    • Article, Illustration
      Lock icon Futile army surges, bank bailouts
      881 23  -  LEON HADAR Violence continues in Iraq while inflation rages in the US, despite military and economic 'containment' By THERE is a lot of talk in Washington these days about "containment". Foreign policy pundits insist that the US must contain Iran in the Persian Gulf whose
      REUTERS  -  881 words
    • Article, Illustration
      Lock icon How Bernanke's Fed is trying to contain the panic
      851 23  -  ROBERT SAMUELSON IT'S now said that we're in the worst financial crisis since the Great Depression, but that judgment seems premature. In the 1980s, most of the savings and loan (S&L) industry, then the largest source of home mortgage loans, was
      REUTERS  -  851 words
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  • Page 23 Advertisements
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      981 23 FALCON ENERGY GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3817G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Falcon Energy Group Limited ("Company") will be held at 10 Anson Road #14-19, International Plaza, Singapore *****3 on 4 April 2008
      981 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8655 24 Transaction date: Mar 18 Hii Low Code Co mi Sale ('OOP) Hit ■ow Bi Seller C'vr P/E $mil 5716 1st Software 22 6.5 3148 STelecom 28.5 9 5834 A-Sonic 110 99 6389 ABF SG Bond ETF 30 12.5 1938 AEI Corp 26 7.5 1100 AEM 42 18.4 2101
      8,655 words
    • Article
      Lock icon SGX XTRANET
      80 24 52-Wk Tel Hiqh Low Code Last Sale Vol COOO) Day ih Low Last Quote Buyer Seller Div GrYld Net MCa| C'vr P/E $mi Comi _H|« 200 116 6065 Diamonds 6200 5000 6095 IS DJ US Tech 1000 1000 6097 IS MSCI Spore ***** ***** 6101 ISS&P500 ***** *****
      80 words
    • Article
      Lock icon SGX CATALIST
      2022 24 52-Wk Tel High Low Code Last Sale Vol COOO) Day Last Quote Div GrYld Net MCap |h Low Buyer Seller C'vr P/E $mil Comi >an' Hii 30 11.5 1181 s AAGrp 41.5 18 5000 s ABR Hldgs 31 18.5 8538 s APStrategic 16.5 3 1501 s Advanced System
      2,022 words
    • Article
      Lock icon CLOB INTERNATIONAL
      203 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      203 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      83 24 S3I W PHOENIX V 1 X Australia _^H I K_9 n n fWI LJ <^ J Canada W IDD I l^^l^l^^^^^^^^^^^^l §AA china Make an affordable Al^ I IA I i\',' AJ| France T^^V^ Bl Germany -f¥ LW ir\ XN Hong Kong ij^^ ■^■■■HVnVSf!f?VHMHVHBI|IV!ipV^^ 39 > J^~ I itaiv ■ninrnUblMiw^^
      83 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 25 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar 17 World Index Preliminan 942.6 -2.9 -16.7 -2.7 -17.3 -2.6 -13.7 EAFE Preliminan 895.6 -3.8 -20.1 -3.1 -17.5 -3.0 -13.' Euro[ Preliminary 1248.4 -3.9 -19.1 -3.6 -17.7 -3.6 -14.2 Pacific 746.2
      362 words
    • Article
      Lock icon PALM OIL
      62 25 Mar 18 Delivery Month Opening Range Sett Av Price Price Hie Vol Open Done Position Low Apr 08 3429 3449 3429 3190 1145 2485 May 08 3380 3450 3455 3180 5093 ***** Jun 08 3390 3450 3450 3171 ***** ***** Jul 08 3379 3439 3440 3177 1598 4015
      62 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 25 Mar 18 STI SIMSCI Mar 351 358.7 358 Taiwan Mar 311 311.5 309.2 Source: MF Global (S) Pte. Ltd
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 25 Mar 18 Bid Offer 1-month 1.3760 1.3775 2-months 1.3748 1.3764 3-months 1.3737 1.3754 6-months 1.3710 1.3727 Source: OCBC
      21 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      153 25 Mar is Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2752 1.2767 0.9256 0.9258 Canadian dollar 1.3867 1.3884 1.0065 1.0068 luro 2.1704 2.1729 1.5754 1.5757 IZ dollar 1.1122 1.1142 0.8073 0.8080 jterlini ind 2.7608 2.7638 2.0039 2.0042 IS dollar 1.3777 1.3790
      153 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      353 25 Mar is OPEN HIGH LOW SETT VOL OP/INT iURODOLLAR FUTURES lunO8 iepO8 3ecO8 VlarO9 98.055 98.160 98.110 98.065 0 0 0 0 ***** ***** 7066 5585 EUROYEN FUTURES lunO8 99.235 99.245 >epO8 99.320 99.325 3ecO8 99.320 99.335 VlarO9 99.310 99.310 lunO9 >epO9 3ecO9 VlariO 99.230 99.310A 99.320
      353 words
    • Article
      Lock icon SICOM FUTURES
      287 25 Mans RUBBER Futures (Closing prices) RSS 1 (S cents/kg) Month High Low Close Sett Volume (tonnes) Open Interest Apr 08 May 08 Jun 08 Jul/Sep 08 Oct/Dec 08 Jan/Mar 09 386.75 388.75 391.50 393.00 393.50 395.25 RSS 3 (US cents/kg) Month Hig aii Low Sett Volume (tonnes) Open
      287 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 25 A. s 9am Mans Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2640 1.2780 Can dollar 1.3790 1.3960 Euro 2.1660 2.1910 NZ dollar 1.0960 1.1200 Sterlini 2.7480 2.7781 US dollar 1.3740 1.3900 Local dollars to 100 units of foreign currency: Currencies
      130 words
    • Article
      Lock icon INTERBANK RATES
      158 25 Mar 18 Overnight 1 -month 2-months 3-months Overnight mode: US$ 3/4 1 1/4 1 5/16 1 3/8 Offer 5/8 1 1/8 1 3/16 1 1/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months SFr 2.70 2.70 2.70 2.70 2.50 2.50 2.50
      158 words
    • Article
      Lock icon INTERBANK CROSS RATES
      446 25 Mans Australia 0.920 6.557 0.588 7.192 37.610 85.396 0.904 9.401 2.935 1.146 58.180 38.370 1.276 7.484 0.912 28.441 28.868 0.462 0.926 Canada 1.087 7.130 0.639 7.822 40.900 92.868 0.983 10.224 3.192 1.246 63.271 41.727 1.388 8.139 0.992 30.930 31.394 0.502 1.007 China 0.153 0.140 0.090 1.097 5.736
      446 words
    • Article
      Lock icon PRECIOUS METALS
      170 25 Many GOLD (USS/oz) Mar 18 Mar 14 GOLD BULLION COINS (S$) Sellini Hong Kong 1001.80 993.30 994.30 Mar 17 Mar 14 London 1011.20 998.90 1012.00 999.80 Source: Reuters (S$) Selling Buying 1 oz 1549.36 1400 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $543.56 445 SILVER Selling Buying
      170 words
    • Article
      Lock icon LONDON METALS
      68 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2908.50 3050.50 3 months 2948.00 3088.00 Copper, Grade A (US$/tonne) Cash 3 months 8180.00 8051.00 8484.00 8360.00 Lead (US$/tonne) Cash 2902.00 3 months 2900.00 3094.50 3085.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3 months *****.00
      68 words
    • Article
      Lock icon LIFFE
      78 25 Mar 17 COCOA (Btonne) Close Prev Hii ih/Low May 08 1412 1487 1492/1379 JulO8 1455 1529 1533/1418 SepO8 1393 1474 1475/1360 Dec 08 1384 1454 1462/1369 COFFEE (US$/tonne) Close Pev High/Low Mar 08 2430 2621 2551/2420 May 07 2440 2631 2618/2410 JulO8 2436 2626 2603/2400 SepO8 2436 2624 2600/2400
      78 words
    • Article
      Lock icon SIBOR
      77 25 Mar 18 (US$) (SS) 2.***** 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 1 mth 2 mths 2.***** 1.***** 3 mths 2.***** 1.***** 6 mths 9 mths 12 mths 2.***** 2.***** 2.***** 1.***** 1.***** 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs
      77 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Mans TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****H 19.06.08 1-Year BY*****A 29.09.08 0.83 0.95 0.7 0.7 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O51OOF 2.625 5-Year N*****1E 2.500 7-Year NX*****F 3.625 10-Year NY*****F 3.750
      90 words
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      Lock icon CHICAGO BOT
      103 25 Mar 17 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 08 1318.75 1368.75 1340.00 1318.75 Aug 08 1311.00 1361.00 1329.00 1311.00 Sep 08 1274.00 1324.00 1285.00 1274.00 Nov 08 1229.00 1279.00 1249.00 1229.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 08 58.56 60.56 58.56 58.56
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      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Mar 77 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 102.41 -4.13 WTI (Near Mth) 105.94 -4.05 Dubai (1-Mth F) 100.38 -0.02 Tapis blend 112.85 unch Minas 108.5 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 99.67 132.50 1.87 2.1 US$/barrel Opec Oil
      76 words
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      Lock icon BONDS & WARRANTS
      1833 25 BONDS WARRANTS Tel Code Company Tel Last Code Company Sale Vol Conv Exer +or- ('000) Ratio Price Prem Expiry Disc Gear- Mths ing Left 3774 First Resources MBL ECW*****1 ..5.5 -0.5 20 3902 First Resources MBL ECW*****2 3 -1 565 4198 First Resources MBL ECW*****1 ...22 -2.5 3410 1 140
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      3227 27 v^T^w^ I L M I. i. M im|jwj|i|i|.i|.niii,»),i.]i| i)i)jjjiiiiiiiiiiiiiiiii.iiJ /=OZ^^JBrZitX E£Ss3K^^^K^^S= Wl'O I CORAKORA^^^^^^^^^^ 83 50 80 24/03 27/03 29/03 ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS 5 pF^SHFf— W "•> I BRISAAZUL 92 35 80 25/03 28/03 31/03 V™ I I SIN I PKL I [MB I
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      3169 28 TmM _X_i I! A™*™7Mt Jrgg I Hb& navigation groupl ■H^iE ffiW ffiffl SHI SSi NORTH WEST EXPRESS LINE r ®>%k4&MJ&J^% «*^*l MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS DATES ARE ARRIVAL DATES SINCE 1970 Han SI I VESSEL I VOY Singapore Freinantle Cocos Island Christmas Island Pasir Gudang OWNS OPERATES
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  • EXECUTIVE MONEY
    • Article
      Lock icon Changing tide in global FX markets
      595 30 Understanding the new market environment is essential for FX investors, writes ADAM BOYTON UNTIL July last year, global financial markets had enjoyed a prolonged period of unusually low volatility, with foreign exchange no exception. Certain market paradigms emerged in particular "the search for yield",
      595 words
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      Lock icon US$ weakness = your gain?
      617 30  - US$ weakness your gain? JOHN F WASIK o Bloomberg By THE US dollar has looked like a troubled celebrity lately, occupying the headlines every other day with more news of its precipitous slide. The currency's hard luck is anything but glamorous. If mosi of your assets are denominated in dollars,
      o Bloomberg  -  617 words
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      Lock icon 'Slapping' the market isn't working
      1266 31  - 'Slapping the market isn't working LIM SAY BOON The Fed's strategy is falling short, and two nasty feedback loops indicate there may be worse to come in equities FINANCIAL markets are in extreme stress with the possibility of significantly more downside for global equities. And the turmoil has gone beyond
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      Lock icon The contrarian strategy
      990 32 Going against the crowd does lead to long-term results, GENEVIEVE CUA finds out A VALUE investor who makes a call to pick up stocks now may be ridiculed as a fool even if he or she has had a long track record of success. Portfolio manager Mary
      990 words
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      Lock icon Current market has rich rewards in longer term
      459 32  -  GENEVIEVE CUA By LEGG Mason Capital Management chairman Bill Miller is often likened to Warren Buffett in his conviction in value. Here is an excerpt from his commentary for Q4 2007: "In the 25 years since we started the Value Equity mandate,
      459 words
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      442 30 If H Isr 1 V 3 &MJJ "Eight" in a basket jt Eggs in a basket Soon there will be 8 Lyxor ETF to diversify your investment portfolio. Enjoy the "All-in-One" benefits from transparency, liquidity, cost efficiency and intraday trading. Watch out for the Lyxor ETF India (S&P CNX NIFTY)
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      247 31 Manage all your company's taxi reimbursements with Gabcharge There's a better and easier way to s^^. /M administer taxi reimbursements. Instead M of keeping receipts and processing M claims, just charge taxi rides to your mm Mfc^ A A monthly statement with itemised W^ m trip details, such as the
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