The Business Times, 4 March 2009

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Total Pages: 28
1 28 The Business Times
  • 19 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Wednesday, March 4,2009
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  • 1107 1  -  JAMIE LEE SGX New rules also seek more clarity on use of funds raised; Life sciences firms to get easier IPO ride By [SINGAPORE] The Singapore Exchange (SGX) has pushed for more disclosure on profit guarantees and the use of funds raised by
    SGX  -  1,107 words
  • 559 1  -  SAMUEL EE Credit squeeze and low car prices speed up cash sales By [SINGAPORE] Credit may be drying up during the recession, but some car buyers are just driving around that financing obstacle. In fact, more of them are simply paying cash
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  • Page 1 Advertisements
    • 58 1 8 *****1 *****4 L v-hv From raw concrete and exposed bolt heads to natural timbers, I B fc i jv—» If t J^ .'V'^^jWHht. \yßKtrjr Sse^^ Dovalopen Kimmingston Pte Lid Company RegislraSon No: *****2412 C Developers License No :C0439 Expected Dais of Delivery of Vacant Possession: June 2012 Expected Dote
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  • Page 1 Miscellaneous
    • 69 1 ?HSBC STANDARD S BANK OF AMERICA "«k UIC HK tycoons to CHARTERED 9^l USs2ob govt loan a mistake: jfJf'iS UOL fails in bid underwrite offer Profit up 19% N <S£ CEO Ken Lewis Jl to take over UIC PAGE 2 PAGE 2 B *n*fi 1 PAGE 13 Jj^l PAGE 2
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  • TOP STORIES
    • 338 2  - So near and yet so far UOL fails in bid to take over UIC NISHA RAMCHANDANI By [SINGAPORE] UOL Group's $1.15 billion bid for the shares it does not own in United Industrial Corp (UIC) has failed, narrowly missing the mark by garnering only 48.94 per cent of the voting
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    • 559 2 Reuters Bank sees shorter and shallower economic downturn in key Asia region [LONDON] Standard Chartered yesterday said that it made a strong start to 2009 after posting a 19 per cent profit rise, and predicted an economic downturn in its key Asia region would be
      – Reuters  -  559 words
    • 633 2 Bloomberg, AFP [HONG KONG] Billionaire Li Ka-shing, Hong Kong's richest man, and a group of fellow tycoons are underwriting about US$l.l billion of HSBC Holdings pic's stock sale, lending support in a city that accounts for a third of the bank's investor
      – Bloomberg, AFP; THE STRAITS TIMES, BLOOMBERG  -  633 words
    • 626 2 Bloomberg More to be done to ensure a sustainable recovery: Bernanke [WASHINGTON] Federal Reserve chairman Ben Bernanke said yesterday that policymakers may need to expand aid to the US banking system beyond the US$7OO billion already approved and take other
      Bloomberg  -  626 words
    • THREE-MINUTE DIGEST
      • 69 2 THE Singapore Exchange has pushed for more disclosure on profit guarantees and the use of funds raised by listed companies in a set of new rules introduced yesterday. Besides raising the level of transparency, SGX could pave the way for more listings by
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      • 61 2 CREDIT may be drying up during the recession, but some car buyers are just driving around that financing obstacle. In fact, more of them are simply paying cash up-front as auto prices stall, distributors say. As many as 20 per cent of
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      • 67 2 STANDARD Chartered yesterday said that it made a strong start this year after posting a 19 per cent profit rise for 2008, and predicted an economic downturn in its key Asia region would be "shorter and shallower" than in
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      • 49 2 LESS than half the members on audit committees of listed firms here have formal accounting and financial qualifications and experience, according to a study released by ICPAS, or the Institute of Certified Public Accountants of Singapore. TOP STORIES, PAGE 3
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      • 59 2 STANDARD Poor's Rating Services yesterday revised its outlook on the BBB+ long-term unsolicited corporate credit rating on property giant Capita Land to negative from stable. When contacted, a Capita Land spokesman said: "This kind of unsolicited rating is highly undesirable and misleading when it is
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      • 48 2 MIDAS Holdings and Noble Group have obtained in-principle approval for the scrip dividend scheme, making them the first two companies to take advantage of its increased flexibility. And analysts expect more companies to jump on the bandwagon. COMPANY NEWS, PAGE 5
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      • 76 2 MORE than 12,000 jobs are available through the labour movement's employment and employability institute (e2i). And 7,500 workers are already undergoing e2i training so they can take up a job as soon as they are ready. The heartening news comes as labour chief Lim
        76 words
      • 51 2 IN a highly unusual move, Japan will dip into its foreign exchange reserves to help companies operating overseas that face funding problems. Motor industry giant Toyota will get US$2 billion of the initial US$5 billion taken from reserves. ECONOMY WATCH, PAGE
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    • 643 3  -  YEN SREENIVASAN Talks get underway but staff benefits may prove to be a sticking point By [SINGAPORE] Faced with tumbling loads and excess capacity, Singapore Airlines (SIA) has started preliminary talks to get its passenger plane pilots to take voluntary no-pay leave. This comes
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    • 645 3  -  LYNETTE KHOO ICPAS wants more to be formally qualified as study highlights gaps By [SINGAPORE] Less than half the members on audit committees (ACs) of listed firms here have formal accounting and financial qualifications and experience, according to a study released
      645 words
    • MARKETS DIGEST
      • 47 3 uesi lay lange KLCOMP 868.74 -7.82 NIKKEI 225 7,229.72 -50.43 HANG SENG 12,033.88 -283.58 ;et index 413.09 -3.43 JAKARTA COMP 1,264.82 +8.71 MANILA COMP 1,859.98 +3.55 ;eoulcomp 1,025.57 +6.76 ;henzhen b 300.19 -3.57 MUMBAI IND 8,427.29 -179.79 11AM EST Cham DOW 6,792.68 +29.39 NASDAQ 1,329.12 +6.27
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      • 28 3 Bloomberg SINGAPORE 5.38 MALAYSIA 5.71 HONGKONG 5.00 INDONESIA 16.179 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.53 INDIA 12.25 Source:
        Bloomberg  -  28 words
      • 42 3 IS$ (S$ per US$) 1.549 (US$/S$ per 1.411 2.186 ;URO (US$/S$/E) 1.266 1.961 Foreign currency per US$ S$ 'EN 97.90 63.20 3.710 2.395 IK$ 7.757 5.007 !AHT 36.12 23.31 lUPIAH 12,000 7,746 lENMINBI 6.843 4.417 INDIAN RUPEE 51.77 33.42 1.554 1.003
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  • Page 2 Advertisements
    • 242 2 Presenting Papers on "The Role of the Secretary in Establishing and Reviewing Internal Control Arrangements Corporate Reporting the Responsibilities of the Company Secretary" by Keith Walmsley, FCIS, Barrister Former legal adviser of London Stock Exchange Consulting Editor of Company Law Corporate Governance. Plus 6 other topics by overseas and local
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • 369 4  -  JAMIE LEE Rules include need to explain material deviation in use of fund By COMPANIES here would soon need to make detailed disclosures of their fundraising activities. Under new Singapore Exchange rules taking effect on March 24, companies must announce the use
      369 words
    • 334 4  -  KALPANA RASHIWALA Unsolicited rating is misleading without our input: developer By STANDARD Poor's Rating Services yesterday revised its outlook on the BBB+ long-term unsolicited corporate credit rating on property giant Capita Land to negative from stable. "At the same time, the rating on Capita Land
      BLOOMBERG  -  334 words
    • 324 4 MOODY'S Investors Service yesterday downgraded Capita Commercial Trust's (CCT's) corporate family rating to Baa 2 from Baal and senior unsecured ratings to Baa 3 from Baa 2. And the outlook for both ratings is negative. "The downgrade reflects the company's strained credit metrics,
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    • 614 4  -  R SIVANITHY T'D be fair to say that brokers, unI B derwriters and placement agents are generally reluctant to disclose too much when it comes to details of their business, preferring the "less is best" approach to corporate governance. IPO prospectuses thus tend to be
      614 words
    • 182 4 Bloomberg [BANGKOK] Kirn Eng Securities (Thailand) pel, Thailand's biggest stockbroker, said it is open to tie-ups with competitors and expects more mergers in the industry to cut costs amid a slump in trading. Share trading on the Stock Exchange of Thailand
      ■ Bloomberg \  -  182 words
    • 350 4  -  LYNETTE KHOO BY BEAUTY China Holdings shares nosedived to an all-time low yesterday on news that a potential buyer has approached its chairman and founder Wong Hon Wai to acquire his 38.57 per cent stake in the integrated cosmetics group. Mr Wong, who is the
      350 words
    • 418 5  -  JOYCE HOOI While analysts have reservations about scheme, more firms are expected to join By MIDAS Holdings and Noble Group have obtained in-principle approval for the scrip dividend scheme, making them the first two companies to take advantage of its increased flexibility. And analysts expect
      418 words
    • 298 5 -Reuters MOODY'S Investors Service has downgraded to Ba2 from Bal the corporate family and senior unsecured bond ratings of Chartered Semiconductor Manufacturing. The rating continues to be on review for possible downgrade. "The rating action reflects Moody's expectation that Chartered's already strained financial
      -Reuters; BLOOMBERG  -  298 words
    • 411 5  -  TEH SHI NING It is paying a final dividend of 0.03 cents per share By WHILE many companies can only dream of announcing dividends this earnings season, Liang Huat Aluminium had one to declare but neglected to mention it to shareholders. The aluminium manufacturing
      411 words
    • 364 7  -  JAMIE LEE But investors urged to view ranking with caution, consider other factors too By. SINGAPORE'S Oversea-Chi-nese Banking Corporation (OCBC) and United Overseas Bank (UOB) have made it to the Global Finance list of the world's 50 safest banks joining DBS
      364 words
    • 457 7 Bloomberg The slide is likely to halt rally in plantation stocks INVESTORS should take profits on shares of plantation companies including Wilmar International Ltd, the world's largest palm oil trader, as prices of the commodity are poised to drop, Goldman Sachs
      Bloomberg  -  457 words
    • 146 7 CHINA Paper Holdings' wholly owned subsidiary, Linyi Zhenyuan Paper Co Ltd, plans to produce coated paper a new high quality printing paper product. The group announced yesterday that Linyi intends to construct additional facilities capable of producing 50,000 tonnes of coated paper per
      146 words
    • 102 7 OCBC Bank and NTUC First Campus yesterday officially launched a $500,000 programme the OCBC-Bright Horizons Fund (OCBC-BHF) Retrenchment Relief Scheme to help retrenched parents keep their children in preschool. The scheme sees OCBC making a donation of $200,000, disbursed over two years, while the Bright Horizons
      102 words
    • COMPANY BRIEFS
      • 89 7 BELEAGUERED tech firm Advance Modules said yesterday that its non-executive chairman Michael Tang Vee Mun has resigned for personal reasons. He still holds a 13.7 per cent stake in the group. Advance Modules is mulling the option of appointing a judicial manager, among other options. It
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      • 66 7 TWO companies have been placed on the Singapore Exchange watch-list with effect from today. The first is Informatics Education Ltd, which said yesterday that it is taking measures to meet the requirements for removal from the watch-list as soon as possible. The second company is
        66 words
      • 107 7 CHINA XLX Fertiliser plans to add additional compound fertiliser capacity to its second plant. Currently, the group has an annual production capacity of 300,000 tonnes of compound fertiliser at the first plant. The expansion will be carried out in two phases, with the first having
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  • Page 4 Advertisements
    • 529 4 In the Matter of The Companies Act, Cap.so And In the Matter of GENLINK HOLDINGS PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****4812E) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting of
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    • 101 4 ossssggre«j«s \m Ge f tyour GLOBAL MEDi CAL uu copy from any How resilient is our healthcare sector? Pulses gets you on the beat of Singapore's medical scene in the March issue, out in stores now. In this issue, we also seek out how shipping trusts can stay afloat in
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  • Page 5 Advertisements
    • 99 5 v^^^^-^ *> %m Emirates Europe is filled with magnificent bridges that have helped people cross from one side to the other. Now Emirates connects Singapore and Europe like never before. With 235 flights via m g m\ ll|^ \A f^ I I Dubai to 22 destinations every week, you can
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  • SINGAPORE MARKETS
    • 984 6  -  LARRY WEE CURRENCIES Wall Street is showing the way, but is the fallout for Asia getting less intense? IT was a miserable week to say the least in financial markets, thanks once again to more bad news from the US front. All said
      984 words
    • 96 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 9 2 0 0 0 4 9 2 lanufacturing 40 58 48 47 63 57 Commerce 14 21 18 16 26 19 'pt/Stor/Comms 12 11 13 12 12 13 :inance 28 28 Construction 10 11
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    • 100 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 23.481 23.481 61.350 61.350 lanufacturing 266.101 6.977 273.078 118.815 390 119.206 lommerce 59.181 7.189 66.370 45.880 775 46.655 'pt/Stor/Comms 84.536 245 84.781 157.547 157.554 :inance 67.838 67.838 417.604 417.604 lonstruction 8.560 2.260 10.820 632 23 655 ■roperties 173.554 173.554
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    • 107 6 CapitaLand 1.850 +0.050 CapitaMall 1.340 -0.030 CityDev 4.740 +0.140 Cosco Corp 0.710 +0.030 DBSGrp 7.240 -0.170 F&N 2.140 -0.010 Gent Intl 0.430 +0.015 Golden Agri 0.285 -0.005 HK Land 1.890 -0.060 JMH 16.500 -0.620 JSH 8.800 -0.500 JardineC&C 8.330 -0.180 Keppel Corp 4.100 -0.030 Keppel Land
      107 words
    • Article, Illustration
      725 6  -  JOYCE HOOI Swiber Holdings March3close:so.?ls OCBC INVESTMENT RESEARCH, March 3 EARNINGS below expectations: Swiber Holdings (Swiber) reported a 183.4 per cent rise in revenue to U*****.4 million but a 20.6 per cent fall in net profit to U5539.5 million for FY2OOB. Though revenue was in line with our
      Bloomberg  -  725 words
    • 581 6  -  R SIVANITHY STOCKS PRICES were weak yesterday for a variety of reasons not least of which is the state of Wall Street. Traders alternated between short-cov-ering and short-sell-ing at every available opportunity depending on shifts in the Hang Seng Index, and
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    • 4 6 DAILY
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    • 56 6 CLOSE IT OB/OS -729.0+121.C IT CADI -*****.0 -53. IT 10-day MA -*****.00 -73.0' TSE ST Mid Cap 311.40 -0.3' TSE ST Small Cap 249.56 -1.9' TSE ST All Share 366.16 -1.1 TSE ST China Top 144.33 -0.8i TSE ST China 140.59 -3.1 IOB Catalist 66.96 +0.1 IMSCI
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    • 60 6 VOLUME Capitaland R 71,773,000 Capita Land 59,436,000 Synear 46,043,000 Sing Tel 41,475,000 Golden Agri 38,629,000 China Honqxinq 35,114,000 DBS Grp 27,111,000 Celestial 21,301,000 Noble Grp 19,095,000 RafflesEdu 16,966,000 VALUE(S) DBS Grp 193,633,518 UOB 113,035,680 Capita Land 108,094,760 Sing Tel 104,286,480 OCBC Bk 63,443,820 Keppel Corp 39,621,760 SGX
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    • 103 6 iBXT S&P Short 10US$ CLOSE UP 9261 184.3 1. iBXT MSTaiwan 10US$ 868 27.9 2.1 iBS BNP ePW*****7 102 20.5 25., lain 440 15.5 2. At 474 14.0 3.' iland R 57.5 13.5 30. China H 10US$ 855 12.4 0: iland R500 56.5 12.0 27.' iBS BNPePW/*****9 60 11.5
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    • 120 6 CLOSE DOWN LP 10US$ 9090-535.8 -3.7 ICBCCai i.93%Pref10 7500-510.0 -6.4 DBXT FTChina25 10US$ 1682-229.2 -8.1 ICBC Bk4.5%NCPS 100 8010-220.0 -2.7 IMH 1650 -96.0 -3.6 Mala 1 ia 10US$ 446 -88.3 -11.3 UOB 5.05%NCPS 100 9180 -80.0 -0.9 DBS.ES.0903 702 -79.0 -10.1 ISH 880 -77.4 -5.4 DBS Bk6% NCPS 10
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    • 87 6 Mar 3 CLOSE CHNG YR FR Mar 2 S$ LOW R 2008/2009 S$ HIGH USS 1.5470 0.45 1.5579* 1.3457 Euro 1.9593 -0.10 2.2064 1.8640 Pounds 2.1825 1.13 2.8431 2.0356 0.9980 -1.20 1.3251 0.9068 ren* 1.5831 0.80 1.7278 1.2619 Rupiah* 0.***** 0.49 0.***** 0.***** Baht* 4.2829 0.12
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  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 516 8  -  LEE U-WEN Retrenchments don't mean unemployment rate has to go up, says Swee Say By MORE than 12,000 jobs are available through the labour movement's employment and employability institute (e2i). And 7,500 workers are already undergoing e2i training so they can take up a
      FILE PHOTO  -  516 words
    • 429 8  -  ONG BOON KIAT Singapore customers have so far been supportive, he adds By SINGAPORE customers locked in contracts with fraud-hit technology outsourcing firm Satyam Computer Services can expect "business as usual" in the months ahead. AS Murty, the Indian firm's newly
      REUTERS  -  429 words
    • 363 8  -  AMANDA DE GUZMAN By LOWER ticket prices and more accessible theatre productions are on the cards for this year's Singapore Arts Festival as part of a re-cession-conscious programme unveiled by its organisers yesterday. "We want to provide a programme that will bring
      363 words
    • 215 8 THE manufacturing sector shrank for a sixth straight month in February, according to the latest Purchasing Managers' Index (PMI) released yesterday by the Singapore Institute of Purchasing and Materials Management (SIPMM). The PMI reading was 45 the same as in January. Readings above 50
      215 words
    • SINGAPORE ROUNDUP
      • 86 8 THE health budget will get a $30 million boost from a new Tote Board Community Healthcare Fund. The fund will be used to support health promotion projects and help charities provide long-term services such as home healthcare and caregiver empowerment programmes. The Tote
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      • 77 8 RICHARD Petty has been elected president of accounting body CPA Australia. He is Professor (accounting and finance) and associate dean at Macquarie Graduate School of Management, as well as chairman of an investment company. He is currently deputy president of CPA Australia and
        77 words
    • 483 8  -  GENEVIEVE CUA By AIG'S general insurance unit in Singapore, American Home Assurance Company, moved yesterday to reassure customers that it is sound, despite the woes of its US parent. In the midst of the credit crunch and vicious bear market,
      483 words
    • 450 8  -  LEE U-WEN By SINGAPORE'S oldest private education provider has begun work on a new student hostel to be completed by 2011. The Management Development Institute of Singapore (MDIS) will use $80 million of its reserves to develop the hostel at its main
      450 words
    • 206 8  -  JESSICA YEO By FOCUS Media, a Chinese digital media group, has set up its global headquarters in Singapore to oversee all operations outside China located in more than 20 countries. The company, which listed on the US Nasdaq exchange in 2005, reaches more
      206 words

  • ECONOMY WATCH
    • 324 9 Reuters [NEW YORK] The Obama administration is considering a plan to purchase bad loans and other distressed assets by creating multiple investment funds, according to The Wall Street Journal, quoting people familiar with the matter. The funds would be part of what
      – Reuters  -  324 words
    • 459 9 Reuters [WASHINGTON] The Obama administration said on Monday that there would be no agreement in long-running world trade talks aimed at cutting rich country farm subsidies and promoting global development until other countries make better offers to open their markets to
      Reuters  -  459 words
    • 246 9 Bloomberg [ZURICH] Switzerland's economy contracted by the most since 2004 in the fourth quarter, entering a recession as a global slowdown strangled exports and companies slashed spending. Gross domestic product fell 0.3 per cent from the third quarter, when it shrank a revised
      Bloomberg  -  246 words
    • 553 9  -  ANTHONY ROWLEY Toyota the first to benefit with a USs2b loan from the initial USssb taken from reserves By in Tokyo IN a highly unusual move, Japan will dip into its foreign exchange reserves to help companies operating overseas that face
      553 words
  • Page 9 Advertisements
    • 264 9 Emerging Enterprise Award 2009 $360,000 worth of prizes to complete the picture of your business success —J j aHm i^T/ iffiai*&k B^^Bp^^^^^Bl Bin The prestigious Emerging Enterprise Award 2009 is jointly presented by The Business Times and OCBC Bank, and supported by SPRING Singapore, NUS Extension and RSM Chio Lim.
      264 words

  • MALAYSIA/INDONESIA
    • 491 10  -  PAULINE NG Exchange rate at risk of falling more on perception of rising credit risk By in Kuala Lumpur THE Malaysian ringgit could breach the psychological 3.80 to the greenback mark in the not too distant future, nudged by a deepening global recession and
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    • 397 10 Bloomberg [KUALA LUMPUR] Malaysia's economic conditions will "remain challenging" in the coming quarters amid the global recession, central bank governor Zeti Akhtar Aziz said. "Domestic conditions are expected to remain challenging," she said in a speech in Kuala Lumpur yesterday. Malaysia's open economy has
      Bloomberg  -  397 words
    • 740 10  -  S JAYASANKARAN State constitutional crisis deepens; Umno polls challenged By in Kuala Lumpur MALAYSIA'S political situation degenerated into farce yesterday when an emergency sitting of the Perak state assembly was convened under a tree a first for the country even as one court
      AP  -  740 words
    • 447 10 -Reuters [JAKARTA] Indonesia's finance ministry bought back 8.5 trillion rupiah (Ssl.l billion) of bonds yesterday, its biggest such deal, adding liquidity to the system and reducing refinancing risks in the face of volatile markets. The bond buyback, Indonesia's first since Nov 12, is
      -Reuters  -  447 words
    • 160 10 -AP [JAKARTA] Four Indonesians have died of bird flu, bringing the death toll in the country hardest hit by the disease over the past several years to 119, an official said yesterday. Bayu Krisnamurthi, chief of the National Bird Flu Commission, said
      -AP  -  160 words
  • Page 10 Advertisements
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      57 words

  • GREATER CHINA/INDIA
    • 506 11 Bloomberg, Reuters Government may double 4 trillion yuan stimulus package [BEIJING] China's economy, the world's third biggest, is "very likely" to recover in the first half of 2009, central bank vice-gov-ernor Su Ning said. "We're very confident," Mr Su told reporters at
      Bloomberg, Reuters; BLOOMBERG  -  506 words
    • 440 11 Reuters [SAN FRANCISCO] US chip maker Micron Technology Inc is in discussions with the government of Taiwan about taking a role in restructuring the island's memory chip manufacturers, the company said on Monday. The proposal would involve Micron sharing up to
      – Reuters  -  440 words
    • 321 11 Reuters [TAIPEI] Intel Corp will develop its low-cost chips for ul-tra-small laptops with Taiwan's TSMC for a range of electronic devices, helping both firms expand into new markets amid a deepening global recession. Intel has long insisted on making its own microprocessors, but is increasingly
      ■ Reuters  -  321 words
    • 507 11 Reuters [BEIJING] China needs new rules to strengthen its control of the country's rating and credit guarantee systems, says a top Chinese banker, describing the current situation as "disorderly and messy". Many ratings and loan guarantee companies in China operate in an opaque
      ■ Reuters  -  507 words
    • 240 11 Reuters [BEIJING] China Life has withdrawn from bidding for the Asian unit of embattled US insurer American International Group (AIG) over worries about its quality, the chairman of the Chinese insurer said yesterday. Last Friday was the deadline to submit bids for American
      – Reuters  -  240 words
    • 295 11 Bloomberg [SINGAPORE] Private-equi-ty investors are being offered stakes in Indian companies as hedge funds and banks seek to offload assets, said an executive at 3i Group Pic. Hedge funds and banks that bought minority stakes in Indian firms in recent years are
      – Bloomberg  -  295 words
  • Page 11 Advertisements
    • 177 11 •w- -n a wxt^t^ a T^T^^"¥7 The World is going through tough and challenging times. 1 r^/% IJI I^l %J f^n y\ f^| mj Fj Under current economic conditions, Change is imminent. m I Key questions for every Business Leader... Do y°u have the strategies to lead change in this
      177 words

  • ASIA-PACIFIC/WORLD
    • 827 12  -  ANDREW MARKS Traders agree mood in the market is about as miserable as they remember ByJ in New York A HUGE stock market selloff on Monday that began in Asia and spread to Europe finished with a resounding bang on Wall
      _l AP  -  827 words
    • 488 12 Reuters [LAHORE, Pakistan] A dozen gunmen attacked Sri Lanka's cricket team yesterday with rifles, grenades and rockets, wounding six players and a British coach and killing at least eight Pakistanis in Lahore, officials said. The attackers fired AK-47s and rockets and
      ■ Reuters  -  488 words
    • 559 12 LAT-WP Key concerns include further asset deterioration [WASHINGTON] Despite the latest federal bailout, American International Group still faces months of peril and uncertainty. The company acknowledged such a prospect on Monday as it reported staggering losses of US$6l.7 billion for the fourth
      ■ LAT-WP; BLOOMBERG  -  559 words
    • 592 12 Bloomberg, LAI-WP [NEW YORK] American International Group (AIG) chief executive Edward Liddy said ex-CEO Maurice "Hank" Greenberg, credited with building the company into the largest insurer, was partially to blame for the firm's woes. "I think he's responsible" for some of the insurer's struggles,
      Bloomberg, LAI-WP  -  592 words
  • Page 12 Advertisements

  • WORLD
    • 640 13 -AP News comes as the bank's shares sink 10% to U553.55 [NEW YORK] Bank of America's chief executive is now calling his request for US$2O billion in government money to support the acquisition of Merrill Lynch a "tactical mistake", according
      -AP  -  640 words
    • 461 13 Reuters [OVERLAND PARK, Kansas] Tom Skidmore has been out of work only since December. But when his former employer filed for bankruptcy in January and his severance evaporated, he knew that he did not have much time. As the sole breadwinner for
      Reuters; REUTERS  -  461 words
    • 283 13 -AFP -[WASHINGTON] The White House predicted on Monday that Ronald Kirk, US President Barack Obama's nominee to be US Trade Representative would win Senate approval, despite some past errors on his tax returns. The former Dallas mayor is the latest
      -AFP  -  283 words
    • 211 13 -AFP [WASHINGTON] President Barack Obama on Monday launched a high-stakes drive to remake US healthcare, in his latest attempt to ensure his sweeping agenda is an antidote to and not a victim of the economic crisis. The president unveiled Kansas Governor Kathleen Sebelius
      -AFP  -  211 words
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  • Transport HUB
    • 782 14  -  VINCENT WEE The industry in Asia has widened, opening up more roles for women By THE biggest difference between the maritime industry now and in the past is the number of women today. Attitudes as well as times have changed. And
      782 words
    • 417 14 [KUALA LUMPUR] The AP Moller-Maersk Group, a Danish shipping giant, says that it maintains a "keen interest" in the Port of Tanjung Pelepas (PTP) in Johor, Malaysia's second largest container port, according to a report in Malaysia's Business Times. It owns 30 per
      417 words
    • TRANSPORT STOCKS
      • 107 14 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.24 0.17 0.71 0.31 0.48 0.35 0.04
        107 words
      • 36 14 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings unch 8.30 8.20 2.83 2.69 0.02 0.08 unch -0.15 -0.40 unch 0.02 0.01 unch 97i 193( 152! 5i 201 9i
        36 words
      • 15 14 '00 Iar3 Baht Vol ■recious Ship Jegional Cont 10.10 5.20 0.30 -0.30 712: 141)
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      • 10 14 '000 Doil iingamas Cont 16.78 0.76 -0.32 unch 62;
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      • 21 14 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 10.50 unch unch unch 0.25 unch unch 223! i i
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      • 19 14 Evergreen Marine ....12.55 :irst Steamship 32.65 Wan Hai Lines 13.10 fang Ming Marine ....8.83 -0.40 -0.05 0.20 -0.08
        19 words
      • 39 14 '000 :awasaki Hvy Ind ..168.00 :awasaki Kisen 300.00 Mitsubishi Hvy 276.00 Mitsui Eng&Sbldg ..136.00 Mitsui OsR Lines 482.00 Jippon Express 276.00 Jippon Yusen 390.00 4.00 ***** 1.00 8498 1.00 ***** -2.00 3720 -2.00 ***** -2.00 3212 -2.00 9191
        39 words
    • 222 14 PSA International's head of human resources and corporate affairs Caroline Lim has bagged her second award from HRM magazine. Ms Lim has won the HRM 2009 award for "Outstanding Contributions to HR" after winning the "Best Human Resources Leader" award last year. "I
      222 words
    • 422 14 LAT-WP [LOS ANGELES] The international trade business is foundering faster than ever seen before, with some US seaports watching cargo traffic fall by more than a third. It's gotten so bad that Los Angeles and neighbouring Long Beach are slashing cargo rates to
      LAT-WP  -  422 words
    • 873 14  -  DAVID HUGHES STRAIT TALK The EC has secured member states' support for its line on a wide range of issues By REGULAR readers of this column will recall mention of the ambitions of the Brussels bureaucracy for greater control of the levers of
      873 words
    • 360 14 Bloomberg [SINGAPORE] Armada (Singapore) Pte, a shipping line that sought court protection in January, offered to pay some creditors 32.5 cents on the dollar over five years as it seeks to reorganise. The company will also repay debt owed to
      – Bloomberg  -  360 words
    • SEA ASIA 2009
      • 1370 15 VINCENT WEE talks to industry players to find out the challenges facing this sector during this global downturn THE unprecedented scale of the current economic downturn makes the dry bulk market outlook for the rest of the year challenging, said IMC Corp chairman Frank
        BLOOMBERG  -  1,370 words
    • TRANSPORT BUB: AVIATION
      • 580 16 Bloomberg ILFC is generating 'a high level of buyer interest', says AIG executive [ATLANTA/NEW YORK] American International Group Inc (AIG), working to unload its plane-leasing division, said federal financing may be available to help prop up the unit after it was dropped
        Bloomberg  -  580 words
      • 284 16 -AP [WASHINGTON] Southwest Airlines will pay a fine of US$7.5 million for flying planes that had missed critical safety checks US$2.7 million less than government regulators initially ordered. The agreement announced on Monday by the Federal Aviation Administration (FAA) also gives the
        -AP; AP  -  284 words
      • 356 16 Reuters [NEW YORK] Air FranceKLM is considering delaying deliveries of some of the dozen A3BO jetliners it ordered from Airbus, on top of recent deferrals of Boeing planes, but so far is not planning to cancel any of its recent plane purchases,
        Reuters  -  356 words
      • 2595 16 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI 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
        2,595 words
      • 304 16 -Reuters [NEW YORK] Air FranceKLM will launch a tentative bid for Czech Airlines (CSA) within weeks as European carriers regroup in the face of a downturn that so far shows no signs of easing, its chief executive said on Monday. The move
        -Reuters  -  304 words
      • 253 16 Bernama [KUALA LUMPUR] The International Air Transport Association (lata) has called on the cargo supply chain to battle the current air cargo crisis by improving security, delivering a better product and boosting efficiency. "The industry is in crisis and nobody knows that better
        Bernama  -  253 words
    • TRANSPORT HUB: LAND
      • 526 17  -  SAMUEL EE The luxury SUV features sportier styling, big engineering changes By THE new Lexus RX3SO, one of the Japanese luxury marque's volume sellers here, has attracted a "more-than-expected" 93 orders since it was soft launched at the end
        526 words
      • 692 17 ■AP [GENEVA] The Geneva Motor Show will feature more than 130 world premiere presentations as the auto industry tries for a few days at least to dispel some of the gloom clouding its future. And it doesn't get any gloomier than this: Passenger car registrations
        ■AP; BLOOMBERG  -  692 words
      • 567 17 But it expects sales in region to fall by nearly 30% to 15m [GENEVA] Toyota Motor Corp said on Monday that it aimed to boost its market share in Europe to 6 per cent in 2009 from 5.3 per cent last year, although
        567 words
      • 441 17 Reuters [GENEVA] Ford Motor Co's European unit will continue to look at production capacity and all cost areas in response to the industry sales downturn, the top executive for the region said on Monday. A year ago, Ford was concerned that it did
        Reuters  -  441 words
      • 429 17  -  VINCENT WEE By\ NYK Logistics (Asia) is making use of the slower economic conditions to develop new business opportunities in the less-than-container load (LCL) and non-vessel operating common carrier (NVOCC) segment of the market. It opened its new container freight station at
        429 words

  • Page 15 Advertisements
    • 254 15 Princ! pal sponsors: W. Dfc .«r, J&DCA RpoKFlr M m CONFERENCE mlj DnBNOR wPSA Kegrster thurayaDl V V I Ti*vMf,ton4cM ■^m Engage maritime thought-leaders and industry experts on shipping's priorities in the new horizons brought WL on by the global financial crisis. What is the outlook forthe various sectors? Where
      254 words
    • 23 15 This is the second of a five-part series brought to you by Sea Asia 2009 Sea ASIA m 21-23 April 2009 Suntec Singapore
      23 words

  • Page 16 Miscellaneous
    • 350 16 CRYPTIC CROSSWORD I Queen sending ambassador __^l__^l__I l__^l__^l__^l__ to country (6) till 4 There's nothing I can't stom- 9 Boring Herts town for one to I II live in (6) __lK__HH__^l I 1 By that truth which could H bring fiasco to leader of par- H__HH__^M__HH__HH__M M__ 13 Reserve province
      350 words

  • Page 17 Advertisements
    • 52 17 tf^Sfo r«irTim(ic f£v PRJi t war d 4 f d t I High Trade In Own Workshop I |{fl: I^*ll 1 lllleS Pi Singapore Most I a H CarTinKs is Smile Times \^i Promising Brand Toyota Vellfire Toyota Harrier Estima Aeras Patrick Lim 9790 6821 Desmond Phang 8186 0119 Shahrin
      52 words

  • EDITORIAL & OPINION
    • 492 18 AS the global financial crisis rages on, there is one particular theatre of the crisis that is the focus of increasing attention, and rightly so: Eastern Europe. The economic meltdown there is so severe as to threaten a systemic crisis that could devastate the economies
      492 words
    • 1149 18  -  DEEPAK NAIR Should East Asian duality be addressed by designing regionalism or allowing it to evolve? By T| HE conception of a region is the most fundamental starting point for both the thinking and practice of regionalism. This elemental point of reference
      REUTERS  -  1,149 words
    • 812 18  -  NEIL BEHRMANN THE BOTTOM LINE THE sentiment here is unforgiving. Shareholders say enough is enough; time to take action: Sue the bankers who are walking away with huge bonuses and pensions despite losing billions for their companies. The press can shriek, government ministers and politicians
      812 words
    • 1223 19  -  TOM RAUM -AP By! and DANIEL WAGNER A DEPRESSION doesn't have to be Great bread lines, rampant unemployment, a wipeout in the stock market. The economy can sink into a milder depression, the kind spelled with a lowercase "d". And it may be happening
      -AP; AFP  -  1,223 words
    • 970 19  -  GORDON BROWN By HISTORIANS will look back and say this was no ordinary time but a defining moment: an unprecedented period of global change, and a time when one chapter ended and another began. The scale and the speed of
      970 words
    • 375 19  -  Tan Lye Huat LETTER TO THE EDITOR I REFER to the article "Changes at NEL raise questions" (BT, March 2). I am appalled, but not surprised, at this state of affairs. In a situation like this, shareholders may not always be provided with sufficient
      375 words


  • SINGAPORE STOCKS
    • 8698 20 Transaction date: Mar 3 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 9 3 3148 8Telecom 12 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 18 6 1938 AEICorp 9.5 1 1100 AEM 25 7 2101 APOil
      8,698 words
    • 1822 21 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
      1,822 words
    • 108 21 Wk Tel Low Code Last Sale /ol '000) ''low Lasi (uote Seller Div C'vr SrYld Net P/E 3 _Hm Com _Hm Bw 1830 1682 DBXT FTChina25 1OUS$ 931 850 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ 9350 8540 DBXT S&P Short 10US$ ***** ***** 6065 Diamonds 6200 6200 6095
      108 words
    • 76 21 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 84.5 22 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A25 +3 A8 US7 unch HK112cd
      76 words
    • 9302 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.346/ AIGIF Spore Bond Fund/^- 1.195/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.61/ APS Alpha Fund (USD)!** 0.39/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5309/ APS Komaba Global
      9,302 words
  • Page 20 Advertisements
    • 28 20 /'*t' l^»3 lP^^^ft4^^^3^^' v WHERE EXTREMES MEET WK^L'-^jl^r^^^'i'j^SL >, ROYAL OAK OFFSHORE COLLECTION m^E^'~ J'&*™!!9S?*Q&L~*, MV^W^--'"*'■' "^'^^m^f/^ For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com jACf K^sX£i. yrF^^^^^^rxf -l *j^'.'
      28 words


  • FINANCE & COMMODITIES
    • 363 22 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Mar 2 World Index Preliminary 547.8 -4.1 -19.2 -3.9 -15.8 -4.5 -22.1 EAFE Preliminai 536.3 -4.2 -17.4 -4.3 -17.2 -5.0 -23.. Euro[ Prelim inan 737.3 -4.8 -19.1 -5.3 -19.1 -5.9 -25.1 Pacific
      363 words
    • 65 22 Mar 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi( Vol Open Done Position Low Mar 09 1905 1945 1945 1901 332 1737 Apr 09 1878 1900 1900 1865 2897 ***** May 09 1855 1855 1866 1840 ***** ***** JunO9 1860 1823 1860
      65 words
    • 26 22 Mar 3 en me h Sett STI SIMSCI Mar 182 186.4 185.3 Taiwan Mar 162.5 166.8 165.7 Source: MF Global (S) He. Ltd
      26 words
    • 22 22 Mar 3 I Bid Offer 1-month 1.5486 1.5496 2-months 1.5483 1.5495 3-months 1.5479 1.5491 6-months 1.5468 1.5482 Source: OCBC
      22 words
    • 69 22 Mar 3 mth 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 2.***** 0.***** iWAP Offer rates (S$) mth 0.***** mths 0.***** mths 1.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.*****
      69 words
    • 311 22 Mar 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7125 98.7100 98.6700 98.5350 ***** 6986 6312 1924 EUROYEN TIBOR FUTURES MarO9 99.315 99.315 JunO9 99.390 99.390 SepO9 99.435 99.435 DecO9 99.435 99.455 Mar10 Jun10 Sep10 Dec10 99.315 99.370 99.435 99.435 99.315 99.375
      311 words
    • 190 22 Mar 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High I Low Close Sett Volume (lots) O/l (lots) Apr 09 137.0 May 09 136.1 JunO9 136.1 Jul 09 135.0 Aug 09 Sep 09 136.5 136.1 136.1 134.5 137.0 136.1 136.1 134.7 134.0 133.0 60 2 2
      190 words
    • 91 22 Mar 3 IKbASUKY bILLS Period Issue code Maturity Yesterday's Bid Hie Day's h Low 3-Month BQ*****W 04.06.09 1-Year BY*****V 02.11.09 0.35 0.44 0.3 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
      91 words
    • 131 22 As at 9am Mar 3 Singapore dollars to one unit of foreign currency: Currencies Bid t Offer Aust dollar 0.9750 1.0310 an dollar 1.1990 1.2140 Euro 1.9470 1.9690 NZ dollar 0.7610 0.7780 terlinc nd_ 2.1760 2.2010 US dollar 1.5480 1.5660 Local dollars to 100 units of
      131 words
    • 169 22 Mar 3 j>3 unei Bid Overnight 1/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 5/16 US$ Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.40 0.60 1.10 1.50 2.00 2.40 2.50 Offer 0.30 0.50 0.90
      169 words
    • 463 22 Mar 3 AS _CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.825 4.404 0.508 4.993 33.322 77.238 0.630 9.964 2.388 1.288 51.537 31.417 0.997 6.669 0.755 22.581 23.245 0.456 0.644 Canada 1.213 5.341 0.617 6.055
      463 words
    • 131 22 Mar 3 /oz) far far Hong Kong 921.40 951.50 922.40 952.50 .ondon Mar 02 Feb 27 931.70 951.20 933.70 952.80 Source: Thomson Reuters CAST BAR (S$) MarO. Buyim Sellim Kilobar "49,841.67" ***** PAMP GOLD BARS (S$) Selling Buying gm jgm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 111.28
      131 words
    • 69 22 Mar2\ Co iiuiii, yy.i (US$/tonne) Close Previous Cash 1281.75 3 months 1318.00 1308.50 1342.00 Copper, Grade A (US$/tonne) Cash 3 months 3358.25 3385.00 3124.50 3449.00 Lead (US$/tonne) Cash 1018.50 3 months 1028.00 1035.75 1046.00 Nickel (US$/tonne) Cash 3 months 9468.00 9926.00 9550.00 *****.00 Tin (US$/tonne) Cash 3 months
      69 words
    • 71 22 Mar 2 OCOA (Btonne) Close Prev Hit h/Low Mar 09 1765 1844 1834/1764 May 09 1713 1803 1790/1712 Jul 09 1670 1764 1754/1670 SepO9 1656 1746 1737/1656 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1512 1543 1544/1501 May 09 1521 1559 1555/1503 SUGAR (US tonne) White Close Prev High/Low
      71 words
    • 156 22 Mar 3 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9967 0.9975 0.6436 0.6437 Canadian dollar 1.2085 1.2099 0.7804 0.7808 Euro 1.9604 1.9623 1.2659 1.2663 NZ dollar 0.7732 0.7753 0.4993 0.5003 Sterlinc 2.1852 2.1871 1.4111 1.411. US
      156 words
    • 103 22 Mar 2 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 848.50 874.50 874.00 843.00 May 09 844.00 872.00 872.00 838.25 Jul 09 846.50 875.00 874.00 841.00 Aug 09 833.50 864.50 859.50 830.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.10 30.85 30.99
      103 words
    • 77 22 CRUDE OIL PRODUCTS Mar 2 CRUDE (FOB origin) US$/barrel Close Chanc Brent blend (1-Mth F) 43.03 -1.88 WTI (Near Mth) 40.21 -4.08 Dubai (1-Mth F) 43.69 -0.89 Tapis blend 50.00 -0.85 Minas 46.35 -0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 44.90 50.10 -2.20 -1.40 US$/barrel Opec Oil
      77 words
    • 2207 22 BONDS, WARRANTS EXTENDED SETTLEMENT [el Zode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ('000) Ratio Price ing Left 1058 Advance Modules Grp W*****3 6 susp 5036 Advance SCT Ltd W*****9 0.5 3092 Asia Environment W*****4 0.5 1481 Asia Water Tech Ltd W*****0 18.5 3816 Asiasons
      2,207 words
  • Page 22 Advertisements
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      351 words

  • Page 23 Advertisements
    • 1930 23 m The Business Times Shipping Times M=\ I Direct Calling to IWIPI every Saturday UK CONTINENT SERVICE U.S.A SERVICE WRII *****1 *****1 28 F6D 2009. Destination Destination STXPOTBN RTM/ANR/TIL T^nSlt *****6 6X Sill 6 I^s M^. Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination
      1,930 words

  • Page 24 Advertisements
    • 3457 24 r^VHEßSEii^^^^^H^l PTf~ EASTERN CAR LINER, LTD I njf £J®32& I |f- ~—1 I specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I I^i^^^^mwwTT*uwT^^^^^^^^^^^^^^^^^^^^n^~^ i i i i i i i ____^i^^i^^^^^^i^_^__i^^_^^^r^i^_Mi^^^^^^_i^^iv_T_^^^^^__^7^_^_^M^_fiF^^^^r^^____ M i aM M i|ttfioiriyi---li-ii-Ml*l---i-Hli--iH---M-li-ill-^^ llQr^g^QQa I VOY Roinp(KT) Lilling(KT) SIN PKL KUC LCB )KT
      3,457 words

  • Page 25 Advertisements
    • 4245 25 m THE BUSINESS TIMES m Shipping Guide™, 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
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  • EXECUTIVE MONEY
    • 931 26  -  PAUL J LIM -NYT You can benefit from a potential economic recovery by rebalancing your portfolio with a shift into corporate bonds By BUYING stocks in a market like this takes a healthy dose of faith not only in the long-term promise of equities, but
      -NYT  -  931 words
    • 1239 26  -  JEFF KEARNS GARETH GORE Bloomberg By and [NEW YORK] Options investors are paying twice this decade's average to protect against losses in US stocks through 2011, signalling that the bear market that already wiped out US$lO.4 trillion of equity value may last two
      – Bloomberg; BLOOMBERG  -  1,239 words
    • 1079 27  -  NORMAN VILLAMIN Policy responses and market corrections may mark the beginning of the end m ITH 2008-style volatility having returned, as expected, in early 2009, it would be easy, I suspect, for investors to overlook the progress being made in global financial markets and global
      AFP  -  1,079 words
    • 957 28  -  GENEVIEVE CUA The investment and retirement advisory market at large is in a sorry state investors deserve better for the fees they pay THE admonition to take a long-term view of investments is oft-repeat-ed, but at no other time has it had a more
      957 words
    • 651 28 -LAT [LOS ANGELES] "Never sell into a panic" is a standard piece of advice on Wall Street. Since August, it has been fine advice to ignore. On Monday we had yet another panic in the market, with no obvious trigger other
      -LAT  -  651 words
  • Page 26 Advertisements
    • 91 26 wM If your first thought was, 'better sell oil/ contact us. If it was, 'that looks windy/ then don't. M m l^^jWß lf you're smart enough to understand how world events might Wm affect the markets, you're smart enough to consider Wm BJ Wiw&^A CFD trading. Then you can take
      91 words

  • Page 27 Advertisements
    • 48 27 Raffles 2008 EDITION JT V 52 interviews by Business Times journalists The diverse experiences of some of the most influential thinkers, corporate and social activi Abdulla Hasan Saif Chairman Islamic Bank of Asia A co"ect'on fr°m Business Times *IJWIjy Mj [Ml M ppj^ Available at all leading bookstores
      48 words

  • Page 28 Advertisements
    • 863 28 Why DBS Singapore STI ETF. Cash subscription at any DBS/POSBATMs! When you invest in our stock-based, index-tracking STI ETF, Initial Offer Period: 12-18 Feb 2009 (12 noon) you invest in the collective creativity, soundness and growth Applications can be made through dbs/posb atms or potential of a select basket of
      863 words
  • Page 28 Miscellaneous