The Business Times, 19 March 2009

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Total Pages: 28
1 28 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, March 19,2009
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  • 624 1  -  SIOW Ll SEN Its Singapore retail and commercial banking business is now in search of a buyer By [SINGAPORE] Troubled Royal Bank of Scotland is selling its retail and commercial banking business in Singapore, and 660 jobs could be at stake.
    624 words
  • MARKETS DIGEST
    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.298 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 IMUIA Source:
      Bloomberg  -  30 words
    • 47 1 Inesi lay lange I COMP 847.96 +6.09 IIKKEI225 7,972.17 +23.04 IANG SENG 13,117.17 +239.08 ;et INDEX 426.20 +3.88 JAKARTA COMP 1,322.83 +10.74 IANILACOMP 1,770.28 +10.95 ;eoulcomp 1,169.95 +6.07 IHENZHEN B 333.49 +0.42 IUMBAI IND 8,976.68 +112.86 12 noon EDT Chane )OW 7,318.12 -77.58 IASDAQ 1,461.31 -0.80
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    • 42 1 IS$ (S$ per US$) 1.528 (US$/S$ per 1.397 2.135 ;UR0 (US$/S$/E) 1.301 1.988 Foreign currency per US$ S$ 'EN 98.50 64.50 3.674 2.404 IK$ 7.753 5.072 !AHT 35.82 23.44 lUPIAH 11.973 7.834 1ENMINBI 6.836 4.473 INDIAN RUPEE 51.38 33.62 1.515 0.991
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  • 1028 1  -  KALPANA RASHIWALA Deals that run up a loss double in H2 as market worsened By [SINGAPORE] In a tough property year, an overwhelming 95 per cent of those who sold private apartments and condos in the subsale market last year had
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 70 1 MZJ AVIATION BizlT f^f%sf€m\ CHINAECONOMY PROPERTY i 5 Cargo traffic worrying Server market '—tfa World Bank cuts growth Occupancy cost for Asia-Pac airlines down in Q4 A forecast to 6.5% of offices falls vfc^ PAGE 4 PAGE 25 Al PAGE 2 PAGE 27 Spotlight on retention bonuses PAGE 15 What
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 70 2 TROUBLED Royal Bank of Scotland is selling its retail and commercial banking business in Singapore, and 660 jobs could be at stake. The semi-nationalised British bank will retain its investment banking and wholesale business in Singapore, said RBS chairman Philip Hampton
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      • 63 2 IN a tough property year, an overwhelming 95 per cent of those who sold private apartments and condos in the subsale market last year had managed to turn a profit. But the number of subsales that chalked up losses more than
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      • 79 2 THE World Bank yesterday lowered its forecast for China's 2009 economic growth but warned Beijing that it would be thwarting its own medium-term goals if it tried to offset the slowdown by further boosting investment. In a quarterly economic update, the bank
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      • 54 2 THE virtual collapse in cargo traffic is particularly worrying for Asia-Pacific airlines, which account for 45 per cent of global air freight. And with world trade still contracting there is no relief in sight, International Air Transport Association director-general Giovanni Bisignani said yesterday.
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      • 91 2 TO disclose or not to disclose? And when to disclose? These are some of the hard questions that companies and market players are asking themselves after the Singapore Exchange handed Neptune Orient Lines a rare public reprimand for not doing enough to
        91 words
      • 63 2 COMMODITIES trader Noble Group's bid to take over Australia's Gloucester Coal and to thwart the coal miner's merger with another company has been given a boost following a ruling by Australia's takeovers panel. The panel declared yesterday that the circumstances of the
        63 words
      • 72 2 JUST three of the 25 insurers involved in the motor business here made an underwriting profit last year, the Monetary Authority of Singapore said yesterday. As a result, MAS is urging motor insurers to tighten underwriting standards to stem losses.
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      • 84 2 ECONOMIC recovery may emerge from next year, European Central Bank president Jean-Claude Trichet said yesterday, but added that the ECB was ready to take extra steps to boost the economy if needed. "The year 2009 will be very, very difficult," Mr Trichet
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      • 76 2 CHINA rejected Coca-Cola Co's US$2.3 billion bid for China Huiyuan Juice Group Ltd, saying the biggest foreign takeover of a Chinese company may stifle competition in the country's drinks market. The Ministry of Commerce said it blocked the deal because it may lead to
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      • 63 2 GRADE A office occupancy cost in Singapore dropped 22 per cent from an annual average gross rent of U*****.06 per sq ft in the first half of 2008 to U5597.07 psf in the second half. But Singapore remained the third most expensive city
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    • 675 2 Reuters It warns against too much emphasis on capital spending to offset slowdown [BEIJING] The World Bank yesterday lowered its forecast for China's 2009 economic growth but warned Beijing that it would be thwarting its own medi-um-term goals if it tried to
      – Reuters; REUTERS  -  675 words
    • 740 2  -  ANTHONY ROWLEY 10t yen of public works spending is also on the way BV. in Tokyo JAPAN is gearing up for a major new stimulus package to help lift its economy out of recession. In moves seen as paving
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    • 642 4  -  VEN SREENIVASAN Asia-Pac carriers hit harder as global trade shows no sign of turning around Reports by [SINGAPORE] The virtual collapse in cargo traffic is particularly worrying for Asia-Pacific airlines, which account for 45 per cent of global air freight. And with world
      BLOOMBERG  -  642 words
    • 272 4 THE International Air Transport Association (lata) has reviewed its bankers amid the unfolding financial crisis. "The banks are the fourth pillar of global financial transactions in commercial aviation after airlines, travel agents and lata," lata director-gen-eral Giovanni Bisignani told BT. "We never anticipated
      272 words
    • 472 4 Reuters Deal will bolster IBM's lead in server market [BANGALORE] IBM is in talks to buy Sun Microsystems for at least US$6.5 billion, The Wall Street Journal reported, in a deal that could bolster its computer server products against rivals such
      Reuters  -  472 words
  • Page 2 Advertisements
    • 52 2 i I! mm in ;il Wntirp J&a,^ I i iiciuu imll u inc (m^-^ 1 I Centre Point Store has moved on 1 I 19 March 2009 I I ll North Canal Road Singapore *****4 j Tel: 6733-0369 Fax:6737-3872 I Email: enquiries@pontiwinecellars.com.sg 1 ft Grand Opening I I 25 March
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  • Page 3 Advertisements
    • 910 3 (Constituted in the Republic of Singapore pursuant to a "jfc r^'' IfrWffilir •TV*?*™ trust deed dated 29 October 2001 (as amended)) ,;L f' ESSS^g; l i____________fl c I JL,»p.,tje j^Mm _-*b-^~~^ U_pl\ raift-L'iy (S Eir£V -»~_r£-_s_fe__Sa!sd_s__s-s__SH*S——. JUNCTIBN W^ ■PwSwr .A. .^^SmM. iT\f i, jB-^-, —'^-Htt^Qls^^t^f^^^S^^Efl^^^ri^^B^B^^^^^^-^"^ lUlll^^^^llll^^^^^^'^B _____^^^^____rA^___r_______! BH^^i^B CapitaMall Trust
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  • Page 4 Advertisements
    • 506 4 f* Fair Price f/hest Bringing the fine life closer to you Savour The Best Of Bordeaux Indulge in the splendour of Bordeaux reds i*^B B\ J I like never before. From the South West of I I I —Sk W—^ fl France, they are so good that a ranking was
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  • COMPANY NEWS
    • 648 5  -  il SIVANITHY HOCK LOCK SIEW By THE Singapore Exchange's reprimand of Neptune Orient Lines (NOL) for poor disclosure delivers a much-needed warning to all companies that when disseminating potentially price-sensitive information via public announcements, it is vital to be as open and transparent as possible
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    • 647 5  -  LYNETTE KHOO NOL SAGA Reprimand of NOL spells challenge to template responses By TO disclose or not to disclose? And when to disclose? These are some of the hard questions that companies and market players are asking themselves after the Singapore Exchange
      BLOOMBERG  -  647 words
    • 428 6  -  TEH SHI NING Declaration by Australia's takeovers panel a boost for Noble By COMMODITIES trader Noble Group's bid to take over Australia's Gloucester Coal and to thwart the coal miner's merger with another company has been given a boost following a ruling by Australia's
      428 words
    • 274 6  -  CHEW XIANG By OCULUS has taken action aimed at settling a lawsuit with I Kare over the alleged breach of an agreement to sell its contact lens business to the latter, Oculus said yesterday. I Kare a firm controlled by the
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    • 237 6 Reuters [HONG KONG] Trading in shares of PCCW Ltd, Hong Kong's dominant telecoms firm, was halted yesterday pending a price-sensitive announcement from controlling shareholder, Pacific Century Regional Developments (PCRD). PCCW said that the announcement related to plans to privatise the company, but
      – Reuters; REUTERS  -  237 words
    • 363 6 By EMILYN YAP CORTINA Holdings is pressing ahead with a $13.3 million civil suit against former employee and watch theft suspect Jerry Ee, who does not appear to have taken action to counter it. Mr Ee's lawyer Amarick Gill said yesterday that his
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    • 115 6 FRASER Neave (F&N) yesterday issued $108.25 million of fixed-rate notes, the ninth series of a $2 billion multi-currency medium-term note programme established in May 2007. The dealers for the notes are DBS Bank and OCBC Bank. The notes are issued in bearer form and
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    • 500 6  -  VICTOR KATHEYAS By PHILLIP Securities Research has initated coverage on Parkway Life Reit (P-Reit) with a "buy" call and a fair value of 95 cents, citing the resilience of the healthcare sector and a revenue model that keeps pace with inflation. P-Reit's portfolio,
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    • COMPANY BRIEFS
      • 75 6 C&G Industrial Holdings warned yesterday that its financial results for the first quarter ended March 31, 2009 would show significantly lower profits compared to the previous year. This is mainly because during its revamp, there was no production for PET and its downstream
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      • 57 6 SEMBCORP Marine has bought the remaining 30 per cent in JPL Corporation Pte Ltd for $13.4 million to streamline its operations and shareholding structure. JPL is involved in machinery and crane equipment rental services to shipyards and the trading of copper slag. The
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      • 76 6 SAIZEN Reit has obtained approval-in-principle from the Singapore Exchange for its rights-cum-warrants issue. It said yesterday that it has also received a waiver from Rule 825 of the listing manual, under which the number of new units from the exercise or conversion
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      • 48 6 CONTEL Corp Ltd expects to incur a net loss for the financial year ending March 31, 2009. The warning is based on a preliminary assessment of the business environment, market conditions and company performance over the past few months, it said yesterday.
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      • 52 6 BREADTALK Group will sell its 70 per cent shareholding interest in Twin Peaks Venture Singapore Pte Ltd to Spore Coffee Donut Venture Pte Ltd for around $400,000. Twin Peaks Venture Singapore holds the JCo Donuts and Coffee franchise for the Singapore market, BreadTalk
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    • 370 7  -  JOYCE HOOI Shares representing 23.86% of enlarged capital to be issued at 2.7 cents each By ESMART Holdings has entered a conditional debt restructuring agreement for the $2.54 million that it owes three of its creditors. The electronics group will convert
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    • 123 7 ELECTRONICS component maker ASJ Holdings has clarified its decision to postpone a proposed rights issue indefinitely. It had planned to make a four-for-five rights issue at five cents a share, with one free warrant offered per five shares held, to raise about $7 million. Yesterday
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    • 382 7  -  LIEWAIQING Its unit EDNZ to take over all assets of Mymilk for NZs2.3m By FOOD and beverage group Etika International Holdings has embarked on a joint venture in New Zealand through newly incorporated subsidiary Etika Dairies NZ Limited (EDNZ). Etika
      382 words
    • 398 7  -  VINCENT WEE By CORROSION prevention services provider Beng Kuang Marine hopes to ride the wave of environmental awareness through a $2 million joint venture with Quill Far East. The 50-50 JV, called Quill Marine, will manufacture, rent out, sell, repair and maintain Quill Falcon
      398 words
  • Page 5 Advertisements
    • 293 5 S SINGAPORE BRAND CONFERENCE 2009 Session 1 Session 3 i Organisational Change In An Economic Crisis j Building Your Brand Online i From A Brand Perspective j M r Eddie Chau Mr Teng Theng Dar Chairman (Singapore Enterprise Chapter), CEO, Singapore Business Federation Singapore Information Technology Federation 1 Sagging Challenges
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  • Page 6 Advertisements
    • 1667 6 W^ NOTICES TUAN SING HOLDINGS LIMITED (Incorporated In the Republic of Singapore) (Company Registration No.: *****0130M) BiiMi[trj>)fiiiiiiiMlnHi[Hf^luuHiP^B NOTICE IS HEREBY GIVEN tM tie 3? Annual General Meeting of Tuan Sinp Holdings Umited (the "Company) will be held at the Singapore Art Museum, The Auditorium, 71 Bras Basati Road, Singapore *****5
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  • Page 7 Advertisements
    • 113 7 I GOURMET VALUE MEALS So popular on weekends... now available on weeknights! Dine to your heart's content with a choice selection of 45 authentic Fuzhou dishes. Create your own 5-course set menu from just $80++ for 4 persons. Available on both weekends and weeknights. i^ram Z-J ISiil 7 T"':'l '5™
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    • 367 7 _L__r^H ___^V^ SANCTUARY IW 22 BtjSts wimbledon 'an WMM n* *S s ijpr s if,. gj^"^ Enjoy peace of mind for 2 years with our 7% rental guarantee 9" AN EXCELLENT opportunity to invest in affordable apartments in an up Ifcfe^^B _^^Pte___r and coming area of Wimbledon, through a Guaranteed
      367 words

  • SINGAPORE MARKETS
    • 568 8  -  R SIVANITHY STOCKS THANKS to a surprise overnight rise on Wall Street and a 1.9 per cent gain by Hong Kong's Hang Seng Index, the Straits Times Index yesterday managed a 16.91-point rise to 1,575.94, recouping some of
      Bloomberg  -  568 words
    • 93 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 1 4 0 0 0 10 1 4 lanufacturing 58 21 51 12 62 23 63 Commerce 13 11 20 15 12 24 'pt/Stor/Comms 16 11 17 11 :inance 14 14 Construction 'roperties 22 12
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    • 113 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 15.124 15.124 41.719 41.719 lanufacturing 208.647 10.756 219.403 79.746 271 80.017 lommerce 28.292 3.671 31.963 37.024 406 37.430 "pt/Stor/Comms 68.942 78 69.020 131.302 131.304 :i nance 35.023 110 35.133 174.316 174.321 lonstruction 26.098 12.534 38.632 853 74 926 'roperties
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    • 104 8 lapitaLand 2.130 +0.060 lapitaMall 1.040 +0.045 jtyDev 4.960 +0.080 losco Corp 0.755 +0.010 IBS Grp 7.400 +0.150 :&N 2.260 +0.090 ient Intl 0.455 +0.005 iolden Agri 0.285 +0.005 IK Land 2.120 -0.060 IMH 17.000 ISH 9.000 -0.050 lardineC&C 9.870 -0.120 Ceppel Corp 4.480 +0.080 Ceppel Land
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    • Article, Illustration
      901 8  -  LYNETTE KHOO CapitaLand March 18 close: $2.13 GOLDMAN SACHS, March 18 SOURCE of opportunity: We upgrade CapitaLand to "buy" (from "neutral") and add it to our Conviction List as we see its wide discount to NAV of 38 per cent versus City Dev of 21 per cent ("sell")
      e: Bloomberg  -  901 words
    • 509 8  -  LARRY WEE CURRENCIES ANOTHER session of Wall Street gains drew at best a mixed response on the Asian currency front yesterday, as players chose to tread more cautiously ahead of key interest rate meetings in Japan, the United States and the United
      y. Reuters  -  509 words
    • 4 8 DAILY
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    • 62 8 Mar 18 VALUE CLOSE BT OB/OS -222.00 +59.0 BT CADI -*****.00+110.0 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 309.65 +3.77 FTSE ST Small Cap 248.95 +4.78 FTSE ST All Share 374.64 +4.30 FTSE ST China Top 150.44 +4.14 FTSE ST China 143.49 +3.19 UOB Catalist
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    • 55 8 VOLUME CapitaMall R 46,446,000 China Honqxinq 43,846,000 CapitaMall 28,142,000 CapitaLand 24,843,000 Golden Aqri 24,756,000 Yanlord 23,950,000 UniFiber 23,881,000 Transcu Grp 20,765,000 SingTel 19,098,000 Sino-Env 18,792,000 VALUE(S) DBS Grp 64,000,490 UOB 58,338,770 CapitaLand 53,158,530 SingTel 46,790,948 S I A 44,206,090 OCBC Bk 29,846,000 CapitaMall 28,670,240 CityDev 23,775,440 Keppel
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    • 103 8 BY CENTS CLOSE UP DBXT FTChina25 10US$ 1926 61.1 2.1 ICBCCai :.93%Pref10 7000 40.0 0.6 China H 10US$ 996 32.1 2.2 UOB 5.05%NCPS 100 9090 30.0 0.3 iTXPO 100 920 27.0 3.0 UOB 909 27.0 3.1 DBS.ES.0903 745 23.0 3.2 India Ni 10 846 17.0 2.1 DBS Gri 740
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    • 120 8 CLOSE DOWN DBXT S&P Short 10US$ 8418-385.0 -2.9 LP 10US$ 8951-166.5 -1.2 elA 200 938 -52.0 -5.3 I A 939 -48.0 -4.9 DBS BNPePW*****9 52 -14.0 -21.2 IGX MBL ePW*****5 20.5 -13.0 -38.8 MOIL 62 -12.2 -11.4 lardine C&C 987 -12.0 -1.2 ilanMBLePW***** 21.5 -10.5 -32.8 ICBCCai 5.1%NCPS 100
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    • 85 8 Mar 18 CHNG CLOSE FRMaM7 YR 2008/2009 S$ LOW S$ HIGH USS 1.5335 0.02 1.5579 1.3457 Euro 1.9955 -0.15 2.2064 1.8640 Pounds 2.1303 1.15 2.8431 2.0356 AS 1.0113 -0.09 1.3251 0.9068 Yen* 1.5535 0.21 1.7278 1.2619 Rupiah* 0.***** 0.06 0.***** 0.***** Baht* 4.2775 0.16 4.4299 4.0190
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  • SINGAPORE NEWS
    • 527 9  -  CHEN HUIFEN Talent crunch prompts companies to offer incentives and benefits By BUCKING the trend in other industries, recruitment in Asia's biomedical science sector remains strong despite the economic downturn, says recruitment firm ScienTec Consulting. Talent is in demand by contract research organisations
      FILE PHOTO  -  527 words
    • 292 9  -  NISHA RAMCHANDANI It also gives workers upgrading and career pathways By AS the tourism industry rides out the economic storm, workforce skill qualification (WSQ) training programmes can better equip job seekers and help raise industry standards, Trade and Industry Minister Lim Hng Kiang said
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    • 417 9  -  LEE U-WEN By DESPITE dark economic clouds, there is plenty of light at the end of the tunnel for the local sports industry, Community Development, Youth and Sports Minister Vivian Balakrishnan said last night. Sports is a global business and consumer demand for
      417 words
    • 349 10  -  SAMUEL EE By STRONG sales of Korean vehicles lifted the small car COE premium yesterday, said some motor distributors. In the second tender of March, a certificate of entitlement in Category A for cars below 1,600cc rose $226 to $5,116.
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    • 347 10  -  EMILYN YAP It calls for tighter underwriting; acknowledges issue of inflated claims By JUST three of the 25 insurers involved in the motor business here made an underwriting profit last year, the Monetary Authority of Singapore said yesterday. As a
      347 words
    • 487 10  -  RONNIE LIM By MALAYSIA'S YTL Group, the new owner of Singapore's PowerSeraya, is not expected to rock the boat at the island's second largest generating company, sources say. But YTL Corp managing director Francis Yeoh and his brothers Yeoh Seok
      BLOOMBERG  -  487 words
    • 208 10 SINGAPORE Management University (SMU) yesterday launched the first local Juris Doctor (JD) programme for graduates interested in a second career in law. The three-year full-time programme will start in August with a projected intake of 20 students, who will each pay a total tuition
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    • 442 10 Reuters [BANGKOK] Singapore will be South-east Asia's weakest economy, shrinking nearly 5 per cent this year, while Thailand faces its worst recession in 11 years, reflecting a collapse in exports across Asia, a Reuters poll shows. The Philippines and Indonesia will be the
      – Reuters  -  442 words
    • 301 10  -  TEH SHI NING By THE Jobs Credit scheme rolled out in the recent Budget has drawn a strong positive reaction from trade associations surveyed by Singapore Chinese Chamber of Commerce and Industry (SCCCI). In a post-Budget survey last month, SCCCI asked its 131 trade
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  • Page 10 Advertisements
    • 1773 10 A WATS INNO-PACIFIC HOLDINGS LTD (Company Registration No.: *****1788K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 35th Annual General Meeting of the Company will be held at the National Library Board, 100 Victoria Street, Level 5 Possibility Room, Singapore *****4 on Friday, 3 April 2009 at
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  • ECONOMY WATCH
    • 441 11 Reuters But central bank set to take further steps to boost the economy if needed [PARIS] Economic recovery may set in from next year, European Central Bank (ECB) president JeanClaude Trichet said yesterday, but added that the ECB was ready to take
      Reuters; BLOOMBERG  -  441 words
    • 319 11 Bloomberg [WASHINGTON] The Federal Reserve will delay by two years limits on capital held at bank-holding companies to help lenders maintain adequate funding as they weather the worst financial crisis since the Great Depression. "This action is being taken in light of continued stress
      – Bloomberg  -  319 words
    • 602 11 Bloomberg Former now sees economy expanding 5.5% while latter expects just 4.8% [HO CHI MINH CITY] Vietnam's growth forecast for 2009 was cut by the World Bank and the International Monetary Fund (IMF), with the IMF warning the authorities against responding to economic slowdown
      Bloomberg  -  602 words
    • 569 11 Reuters It wants quarterly reports to WTO to fight protectionism [WASHINGTON] The World Bank urged the Group of 20 leading developed and developing nations on Tuesday to toughen their stance against protectionism by agreeing to report any new subsidies or trade-restric-ting measures
      – Reuters  -  569 words
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  • MALAYSIA/INDONESIA
    • 534 12  -  PAULINE NG He says in the longer term, the economy will need a further transformation By in Kuala Lumpur MALAYSIA'S Deputy Prime Minister and Finance Minister Najib Razak has indicated that he would rather err on the side of caution by coming up with
      534 words
    • 435 12 Reuters [JAKARTA] Indonesia, one of the biggest oil-products importers in South-east Asia, may provide more incentives for investment in oil refineries, the mines and energy minister said yesterday. Indonesia badly needs new oil refineries and is trying to push for more investment in
      ■ Reuters; REUTERS  -  435 words
    • 336 12 Reuters [KUALA LUMPUR] Islamic bond sales are likely to drop this year from 2008 although local currency issuances will help support markets hit by the credit crisis, the Asian arm of Kuwait's top syariah lender said yesterday. Plummeting property prices in key Islamic
      – Reuters  -  336 words
    • 229 12 ■AFP [KUALA LUMPUR] European Union inspectors have given the green light to Malaysian frozen seafood, 10 months after exports were suspended over health issues, an EU official said yesterday. However, all EU member nations will have to agree to the report by the body's
      ■AFP  -  229 words
  • Page 12 Advertisements
    • 1997 12 m\W^^^^ sembcorp SEMBCORP INDUSTRIES LTD Co Regn No. *****2418D (Incorporated in the Republic of Singapore) NOTICE OF ELEVENTH ANNUAL GENERAL MEETING Notice is hereby given that the Eleventh Annual General Meeting of the Company will be held at The Auditorium, NTUC Centre, Level 7, One Marina Boulevard, Singapore *****9 on
      1,997 words

  • GREATER CHINA/INDIA
    • 399 13 Reuters Analyst estimate of 5.7% is slowest pace since 2002/03 [MUMBAI] India's economic growth is seen dropping below 6 per cent to a sev-en-year low in 2009/10 after the global crisis hits Asia's third-largest economy harder than expected, a quarterly Reuters poll shows.
      – Reuters  -  399 words
    • 327 13 AP [HONG KONG] Academy Award-win-ning Slumdog Millionaire has secured a coveted slot as one of 20 major foreign movies that China will import this year, a distributor said yesterday. Many Hollywood movies miss out on the booming Chinese cinema market because of the
      AP; AFP  -  327 words
    • 602 13 Bloomberg [BEIJING] China's biggest banks are stepping up hiring of university graduates as lending increases, bucking a global credit crunch that's resulted in more than 280,000 financial-services job losses elsewhere. Industrial Commercial Bank of China Ltd (ICBC), Bank of China Ltd, Agricultural
      Bloomberg  -  602 words
    • 232 13 Reuters [NEW DELHI] India has extended a ban on export of vegetable oils by a year, a move that traders said was aimed at keeping a lid on prices ahead of general elections in and April and May. The country is the world's biggest
      Reuters  -  232 words
    • 560 13 Bloomberg Officials say biggest foreign takeover of Chinese firm may stifle competition [BEIJING] China rejected Coca-Cola Co's US$2.3 billion bid for China Huiyuan Juice Group Ltd, saying the biggest foreign takeover of a Chinese company may stifle competition in the country's drinks market.
      – Bloomberg  -  560 words
    • 216 13 -AFP [SHANGHAI] China will require that state-owned stakes in financial firms are sold based on their market value, the Finance Ministry said, after criticism that state banks had been sold too cheaply to foreigners. Under new rules which take effect on May 1,
      -AFP  -  216 words
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    • 415 13 g^ NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 Till I Hill \F7 THE HEARTBEAT OF THE INDIAN COMMUNITY (Co Reg.stroi.on No *****2292H] I Hp ,ne Extraordinary General Meeting of the members of the abov&named company, duly convened and held at 2300 South 51 st Street Milwaukee Wl
      415 words

  • WORLD
    • 522 14 Bloomberg It will guard against risk by forcing banks to build up capital buffers [LONDON] Advocating "profound" regulatory change in the wake of the global financial crisis, the UK's financial regulator demanded greater powers to oversee risks to the British economy
      Bloomberg  -  522 words
    • 265 14 loomberg [NEW YORK] Citigroup chief economist Lewis Alexander is leaving to join the Obama administration, working with Treasury Secretary Timothy Geithner as the United States tries to recover from the worst financial crisis in more than 70 years. Mr Alexander, who joined
      loomberg  -  265 words
    • 662 14 Bloomberg [LAS VEGAS] MGM Mirage, the casino operator controlled by billionaire Kirk Kerkorian, won a twomonth reprieve from banks to come up with a debt restructure plan as auditors questioned the company's ability to stay in business. Banks granted the Las Vegas-based company
      – Bloomberg; AFP  -  662 words
    • 382 14 -Reuters [LONDON] Autonomous benchmarking of best practices towards coterminous, holistic governance and stakeholder engagement just does not cut it any more. Fed up with the babble, waffle and impenetrable jargon beloved of politicians and middle managers, Britain's local government association has drawn
      -Reuters; AP  -  382 words
    • 631 14 LATEST US DATA 0.4% rise in CPI eases fears of deflation for now [WASHINGTON] US inflation rose last month on higher petrol and apparel prices, government data showed yesterday, pointing to some pricing power in the recession-hit economy and easing fears of deflation
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    • 246 14 Reuters [NEW YORK] Harrah's Entertainment Inc, one of the world's largest casino operators, said on Tuesday that it could not guarantee that it will generate enough cash to meet its debt payments due to a deep recession. The operator of 53 casinos may
      – Reuters  -  246 words
    • 629 15 Bloomberg, LAT-WP Govt requires money to be repaid from company operations [NEW YORK] Treasury Secretary Timothy Geithner told congressional leaders the US will recoup executive bonuses paid by American International Group as outraged lawmakers raced to take back such payments from all
      Bloomberg, LAT-WP  -  629 words
    • 764 15 ■LAT-WP Critics say execs use these to scoop up more compensation while walking out [NEW YORK] The furore over American International Group's million-dollar payouts to employees who nearly toppled the insurance giant is turning a spotlight on what critics say is a frequent
      ■LAT-WP  -  764 words
    • 581 15 -AP [WASHINGTON] If not distancing itself from Treasury Secretary Timothy Geithner, the White House is placing firmly on his shoulders responsibility for how the government handled the US$l65 million in bonuses paid to about 400 executives and traders at American International Group.
      -AP; AP  -  581 words
    • 453 15 Bloomberg [NEW YORK] American International Group (AIG) paid retention bonuses of US$l million or more to 73 people of a unit whose losses almost drove the company out of business, New York Attorney-General Andrew Cuomo said on Tuesday. The top recipient in AlG's
      Bloomberg  -  453 words
    • 805 15 NYT The problem: conflict of interest in agency's business model [NEW YORK] In his annual Berkshire Hathaway letter, Warren E Buffett recently urged investors to pose tough questions at the shareholders' meeting in May. Here's one on the mind of some Buffett
      NYT; REUTERS  -  805 words


  • AVIATION
    • 272 16 Bloomberg [SCOTTSDALE, Arizona] Boeing's first batch of 787 Dreamliners will be overweight, trailing airlines' expectations for performance, said the plane's biggest customer, Steven Ud-var-Hazy, the head of International Lease Finance Corp. Boeing is putting "a lot of resources" into rectifying the problem and
      Bloomberg; AP  -  272 words
    • 275 16  -  VEN SREENIVASAN By [SINGAPORE] Australia's Jetstar has announced new connections to Singapore via its Indonesian services to Denpasar and Jakarta. From July 14, Jetstar will operate its existing four-times weekly Perth-Denpasar (Bali) and three-times weekly Perth-Jakarta A320 services onwards to Singapore and return. All services
      275 words
    • 196 16 Reu ters [DUBLIN] Irish budget airline Ryanair said on Tuesday that its pilots had agreed to a 12-month pay freeze as an alternative to a 10 per cent cut in salary. Ryanair had originally sought a pay cut to address the current downturn and
      – Reu ters  -  196 words
    • 111 16 Bloomberg [ATLANTA] Continental Airlines Inc, the fourth-largest US carrier, said deterioration in its unit revenue has accelerated since January as business travel declines. Revenue for each seat flown a mile has fallen sequentially this year, the Houston-based carrier said on Tuesday in a regulatory filing. The company
      – Bloomberg  -  111 words
    • 253 16 Reuters [BEIJING] Air China's acquisition bid for East Star Airlines, a small struggling carrier, has been thrown into confusion after the East Star chairman went missing, Chinese media and the Financial Times reported yesterday. An Air China news department official told the
      Reuters  -  253 words
    • 590 16 Reuters Billions in revenue generated from sales of previously free items, services [CHICAGO] It's been a long time coming, but it seems US airlines finally may have reached a limit on new fees they can charge for in-flight perks that used
      Reuters  -  590 words
    • 2569 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), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,569 words
  • Page 16 Miscellaneous
    • 349 16 CRYPTIC CROSSWORD ACROSS I Lent hat to cricketer (4,6) |~i [4 6 Free to include new skin (4) 8 Suffering Dean's ill in Bedfordshire (8) 8 9 Tightly hold eggs (6) 10 Turned out during case for conference (8) II Being attractively plump, give endless hug at end of day
      349 words

  • SHIPPING/LOGISTICS
    • 961 17 Reuters Ecospec's method uses sea water to scrub out soot from exhaust funnel [SINGAPORE] When it comes to greenhouse gas emissions, the shipping industry is neither lean nor green. Ships carry about 90 per cent of global trade, and until recently, such
      Reuters; BLOOMBERG  -  961 words
    • 484 17 Bloomberg [ATLANTA] FedEx Corp, which handles about one-third of packages shipped in the US, may say today that overseas express deliveries plunged while stabilising freight and ground volumes suggest the country's economy may be bottoming. FedEx's express volumes probably fell for a 13th straight
      – Bloomberg  -  484 words
    • 183 17 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell to the lowest in more than two weeks as rates for grain and iron-ore transporters dropped. The index slid 84 points, or 4.1 per cent, to 1,974 points, the lowest
      – Bloomberg  -  183 words
    • TRANSPORT STOCKS
      • 102 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship ....unch 0.16 0.76 0.32 0.58 0.41 0.04 ....unch 0.21
        102 words
      • 36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings unch 8.40 8.35 3.02 2.73 0.01 unch unch 0.10 unch 0.03 0.01 unch unch 0 1 141 1476 19 10 0
        36 words
      • 12 17 ■oo ■recious Ship Jegional Cont 10.20 ...5.60 unch -0.15 1330 132
        12 words
      • 11 17 '000 Doil iingamas Cont 17.76 0.40 -0.14 -0.01 423 5540
        11 words
      • 22 17 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.30 10.25 unch unch -0.10 unch unch unch 792 509 0 0
        22 words
      • 24 17 lar Evergreen Marine ...14.00 :irst Steamship 39.30 /Van Hai Lines 14.80 r"ang Ming Marine ....9.94 -0.05 -0.70 0.20 -0.16 7 7 4 13
        24 words
      • 40 17 '000 (awasaki Hvy Ind...193.00 (awasaki Kisen 317.00 Mitsubishi Hvy 302.00 Mitsui Eng&Sbldg ..163.00 Mitsui Osk Lines ....503.00 Mippon Express 304.00 MipponYusen 392.00 iource: Thomson Reuters 3.00 ***** 3.00 5505 2.00 ***** -1.00 6479 7.00 ***** 2.00 3036 6.00 9622
        40 words
  • Page 17 Advertisements
    • 94 17 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experiences gf k ofsomeofthemost j| influentialthinkers, M corporate chiefs and social activists of the age /A^h fm w i/iM% WL? W °s i'/m mii W x x \\mmWw<\\\\\\\\ W*^^iMr»- mr W\WX X X X X- '<>x^^ W *\\\\V%\\Vv^.
      94 words
    • 53 17 Drop Anchor at Value Hotel! Quality rooms at remarkable prices await when you dock at Value Hotel! M For reservations or enquiries JSlm (65)6352 ***** y^f ■.jj^J M Give your crew the best rest: ll f «FREE in-room beverages ii AT (3^ "FREE local calls P ernlBht -FREE internet access
      53 words

  • EDITORIAL & OPINION
    • 513 18 IT'S a familiar story these days, from Wellington to Washington. The Federal Bureau of Investigation gets more than 270,000 applicants for its 3,000 job openings. Here in Singapore, some 20,000 people thronged a four-day career fair recently, vying for the 800 jobs offered by the
      513 words
    • 1011 18  -  AASIM SAJJAD AKHTAR Reinstatement of deposed CJ a step towards stronger democracy By THE cauldron that is Pakistani politics is once again raising eyebrows. Only six months after Pervez Musharraf was finally ousted after more than eight years, the elected government of the Pakistan
      REUTERS  -  1,011 words
    • 805 18  -  ANTHONY ROWLEY THE BOTTOM LINE AS ye sow, so shall ye reap, and this is a good time for Asian nations to "sow in sorrow" so that they may "reap in joy". The sorrow is one they have created for themselves
      805 words
    • 1348 19  -  LAUREN SUVA LAUGHLIN Credit-default swap exposure forces insurance giant to its knees while depth of problem keeps getting underestimated By and RICHARD BEALES REMIND me, what does AIG do exactly? American International Group (AIG) is a global insurance company. Its main business is life
      AP  -  1,348 words
    • 832 19  -  YOGI AGGARWAL [MUMBAI] AS INDIA moves into gear for the general elections to be held in five stages between April 16 Lnd May 13, 2009, there is already a great confusion as political alliances keep changing by the day. The elections to
      832 words


  • SINGAPORE STOCK
    • 8229 20 Transaction date: Mar 18 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 9 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 18 6 1938 AEICorp 9.5 1 1100 AEM 25 7 2101 APOil 80.5 26.5 5550 ARA 8.5 2.5
      8,229 words
    • 1586 21 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 20 5 1181 s AAGrp 32 13 8538 t APStrategec 4 0.5 1501 s Advanced System 14 2 3480 t Adventus 29.5 10.5 3518 s Afor 19 2 1524 s Alantac 20 3.5 7814 s
      1,586 words
    • 334 21 _Hu Low Code Comi Sale C000) _Hu Low Seller C'vr P/E $mil 110 100 6389 ABFSG Bond ETF 108 unch 982 427 CIMBAsean40 100US$ US438 167 149 DBS STI ETF 100 159 +1 1930 1682 DBXT FTChina25 10US$ US1926 +40 956 850 DBXTMSTaiwan 10US$ US956 5356 5220 DBXT
      334 words
    • 259 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
      259 words
    • 9202 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.425/ AIGIF S'pore Bond Fund/A 1.184/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.65/ APS Alpha Fund (USD)!** 0.43/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5086/ APS Komaba Global
      9,202 words
  • Page 20 Advertisements


  • FINANCE & COMMODITIES
    • 367 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar 17 World Index Preliminan 586.4 1.1 -13.5 1.0 -10.7 0.9 -16.1 EAFE Preliminai 565.2 0.5 -12.9 0.2 -13.1 0.1 -18.3 Euroj Preliminan 781.9 -0.6
      367 words
    • 127 22 A. s 9am Mans Singapore dollars to one unit if foreign currency: Currencies Bid Offer Uest dollar 1.0030 1.0340 .are dollar 1.1960 1.2110 luro 1.9790 2.0030 IZ dollar 0.8030 0.8210 iterline 2.1340 2.1600 IS dollar 1.5180 1.5350 .ocal dollars to 100 units if foreign currency: Currencies
      127 words
    • 171 22 Mar 18 fer Overnight 1-month 2-months 3-months Overnight mode: 3/4 ys$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.45 0.65 1.20 1.50 2.20 2.50 2.60 Offer 0.35 0.55 1 00
      171 words
    • 22 22 Mar 18 STI IIMSCI Mar 189.1 191.3 189.9 "aiwan Mar 190.4 190.8 190.0 Source: MF Global (S) Pte. Ltd
      22 words
    • 21 22 Mar 18 Bid Offer 1-month 1.5277 1.5293 2-months 1.5275 1.5292 3-months 1.5272 1.5290 6-months 1.5269 1.5287 Source: OCBC
      21 words
    • 59 22 Maris lelivery lonth Opening Sett Av Range Price Price Vol Open Done Position Hie Low 09 2040 2021 2043 2020 434 4121 Vlay09 1990 1973 2005 1970 3733 ***** lun 09 1932 1905 1948 1905 5753 ***** lul 09 1886 1860 1897 1860 1549 ***** Total o/p: *****
      59 words
    • 298 22 Mans OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES un09 >ep09 Dec09 Vlar10 98.6650 98.6150 98.4000 98.3200 8052 4913 4101 1788 EUROYEN TIBOR FUTURES Iun09 99.400 99.405 >ep09 Dec09 99.440 99.440 VlarlO 99.405 99.405 Iun10 >ep10 DedO Vlar11 99.400 99.440 99.405 99.405 99.445 99.450 99.435 99.375 99.315
      298 words
    • 176 22 Mans KUbbbK Futures (Closing prices) RSS 3 (US cents/kg) Month Hijjh Low Close Sett Volume (lots) O/l (lots) Apr 09 141.5 May 09 Jun 09 Jul 09 140.8 Aug 09 Sep 09 141.5 140.8 141.5 141.5 141.5 140.8 139.5 139.0 60 20 830 816 837 1089 686 544
      176 words
    • 88 22 Mar 18 Period Issue code Maturity Yesterday's Bid Day's |h Low Hie 3-Month BQ*****S 18.06.09 1-Year BY*****V 02.11.09 0.36 0.46 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hie Day's igh Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • 105 22 Mar 17\ SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 09 913.00 911.00 921.75 902.75 Jul 09 910.50 907.50 918.50 900.00 Aug 09 896.00 891.50 900.75 889.00 Sep 09 872.50 863.50 873.75 864.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 31.31 30.86 31.39
      105 words
    • 77 22 CRUDE OIL PRODUCTS Mar 17 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 47.30 1.72 WTI (Near Mth) 48.89 2.00 Dubai (1-Mth F) 44.93 2.95 Tapis blend 49.50 3.05 Minas 48.20 3.05 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 45.27 49.70 2.95 1.40 USS/barrel Opec Oil
      77 words
    • 442 22 Mans Australia 0.838 4.512 0.507 5.117 33.911 79.019 0.650 9.376 2.425 1.249 53.044 31.992 1.009 6.523 0.780 22.535 23.641 0.473 0.660 Canada 1.193 5.384 0.605 6.106 40.471 94.305 0.776 11.190 2.894 1.490 63.306 38.181 1.204 7.785 0.930 26.895 28.215 0.564 0.788 China 0.222 0.186 0.112 1.134 7.516
      442 words
    • 77 22 Mar 18 6 mths 1.***** 9 mths 2.***** 12 mths 2.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 2.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** Source: Thomson Reuters 1 mth 0.***** 0.***** 2 mths 1.***** 0.***** 3 mths
      77 words
    • 153 22 Mar 18 Currencies Bid Offer Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.0079 1.0095 0.6598 0.6602 Canadian dollar 1.2031 1.2046 0.7876 0.7878 Euro 1.9873 1.9895 1.3009 1.3011 NZ dollar 0.8067 0.8090 0.5281 0.5291 Sterline 2.1334 2.1362 1.3966 1.3971 US dollar 1.5276 1.5291 S$IUS$
      153 words
    • 166 22 Mans GOLD (USS/oz) Mar 17 Mar 18 GOLD BULLION COINS (SS) Selline Hong Kong 915.80 907.10 916.80 908.10 Mar IS Mar 17 London 921.25 917.20 922.45 918.70 Source: Thomson Reuters (SS) Selling Buying 1 oz 1570.76 1420 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $551.05 452 SILVER
      166 words
    • 73 22 Mar 171 I A I Aft iri iiuiii, yy.i (US$/tonne) Close Previous Cash 1337.00 1323.00 3 months 1373.00 1358.00 Copper, Grade A (US$/tonne) Cash 3 months 3769.00 3800.00 3800.75 3830.00 Lead (US$/tonne) Cash 3 months 1341.50 1349.00 1290.50 1296.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00
      73 words
    • 71 22 Mar J7 COCOA (Btonne) Close Prev Hii ih/Low May 09 1856 1835 1878/1851 Jul 09 1808 1861 1822/1800 SepO9 1782 1815 1789/1777 Dec 09 1754 1784 1764/1750 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1509 1525 1510/1508 May 09 1522 1530 1540/1514 SUGAR (US tonne) White Close Prev High/Low
      71 words
    • 2264 22 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- COOP) Ratio Price ing Left 2058 Advance Modules Grp W*****3 6 susp 2036AdvanceSCTLtdW*****9 0.5 9092 Asia Environment W*****4 0.5 4481 Asia Water Tech W*****0 18.5 1 17 156 1.50 1 87 2400
      2,264 words

  • Page 23 Advertisements
    • 3479 23 m The Business Times Shipping Times m t^MMmmt^MWMWMm WWW iil lETiili^lfflliilJi'T3lliSl HflrUflJ BI wan hai international pte ltd uen:*****4695m I^^ A^ij^^l m^J&SjjmjZjJljam WXSWkWSkW^^i lll%Tvi\ IAIAM UAI I llirr TEL*****588 (14 LINES) FAX: *****163 1 m?1 iMJlllwtTlM ffllmllnilpll'MNpl'PililFl Hn*nMP'PPPII>M9IPWWpV IV\ \l^l I WAN HAI INt J pki tel (03)3»8mr/sx(o3) *****288 ptNrEr:(o4)226s9m/iX(<M)*****99
      3,479 words

  • Page 24 Advertisements
    • 4550 24 H EASTERN CAR LINER, LTD ll I^^BISISSPJ BgfS|n U—s?—-1 I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS [MM gjjjjj^jjjy|jjj|jj IliUSliUlttliillfl M VOY I R^K?] I lillinq(KT) I SIN I PKL I KUC I LCB I JKT I SUR I PCL/PHL SERVO AAAX SERV!CE Cnnec,ing ECL Svc via MALTA ORIENT
      4,550 words

  • BizIT
    • 332 25  -  WINSTON CHAI By A GROUP of independent data centre operators in the region are banking on strength in numbers to challenge their international rivals by joining hands to offer a standardised platter of services across four key Asian markets. The Asia
      332 words
    • 860 25 Gartner data shows falls of 21% in shipment terms, 37% in revenue terms for Singapore, reports AMIT ROY CHOUDHURY THE Singapore server market declined by a sizeable 21 per cent in shipment terms in the fourth quarter of 2008, the first such quarterly decline in
      Gartner (March 2009)  -  860 words
    • 315 25 Bloomberg [ROUND ROCK, Texas] DeU Inc plans to ship an ultra-thin notebook computer called Adamo this month, a bid to lure away upscale customers from Apple Inc and Hewlett-Packard Co (HP). Adamo is I.7cm thick, making it one of the
      Bloomberg; AP  -  315 words
    • 575 26 Bloomberg [CUPERTINO, California] Apple Inc has unveiled the third version of the iPhone operating system, adding long-requested features such as cutting and pasting and giving software developers new ways to make money on their applications. Programmers will be able to sell additional content, such as
      – Bloomberg; AFP  -  575 words
    • 717 26 IBM study says supply chain managers here need to stay nimble and focus on innovation, writes AMIT ROY CHOUDHURY SUPPLY chain managers in Singapore, who run sophisticated networks, need to stay nimble and focus on innovation during the current economic crisis, according to a
      717 words
  • Page 25 Advertisements
    • 278 25 i y i' i:;; FINANCIAL REPORTING PAYROLL PROCESSING XBRL Filing Payroll Administration SWAT Accounting Leave Administration Routine Accounting GST Training Administration Reporting Staff Insurance Administration CFO2SME™ Claims Processing Business Crisis Management Employment Pass Work Permit Application STAFFING SOLUTIONS IT OUTSOURCING MANAGED SERVICES SAGE ACCPAC ERP Technical Managed Services in Accounting
      278 words

  • Page 26 Advertisements
    • 462 26 As a growing business, you have enough challenges coming your way. IT. shouldn't be one of them. Fortunately, IBM has a range of solutions lined up for you. From hardware to software, our solutions are scalable and flexible. Start with our IBM System x™ with Intel 8 Xeon 8 Processor.
      462 words

  • PROPERTY
    • 679 27  -  ARTHUR SIM But it still ranks as third most expensive city in Asia-Pacific, says Colliers By GRADE A office occupancy cost in Singapore dropped 22 per cent from an annual average gross rent of U*****.06 per sq ft in the first half of
      679 words
    • 508 27 Reuters [NEW YORK] The US commercial real estate market is bad and investors expect it to get a whole lot worse, according to a closely followed survey by PricewaterhouseCoopers. "As investors painfully watch the value of their assets decline, many feel troubled knowing
      Reuters; AFP  -  508 words
    • 391 27 Reuters Value of property overstated by 16%, says research firm [SYDNEY] Australian pension funds face As4-5 billion (Ss4-5 billion) in losses on unlisted property this year, research firm Chant West said, hurting an industry already reeling from tumbling share prices and lost confidence. The potential
      Reuters  -  391 words
    • 392 27 Bloomberg Profit excluding revaluation losses rises 12.2% [HONG KONG] Sino Land Co, the worst performer in Hong Kong's Hang Seng Property Index this year, said fiscal first-half profit fell 57 per cent because of a drop in the value of securities and
      Bloomberg  -  392 words
    • 302 27 Bloomberg Firm hit by falling rents of shopping malls in China, HK [HONG KONG] Kerry Properties Ltd, a Hong Kongbased builder controlled by the family of Malaysian billionaire Robert Kuok, posted its first drop in profit in three years in
      – Bloomberg  -  302 words
    • 873 28  -  KALPANA RASHIWALA Largest windfall of $6.7m achieved for a unit above the 60th floor By TRANSACTIONS at The Sail Marina Bay last year topped the subsales deals that generated the highest gains, both in absolute as well as in percentage terms, a
      873 words
  • Page 27 Advertisements
    • 164 27 3 nos. adjoining 2 storey shop houses 10 nos. adjoining 2 storey duplex apartments 1 no. single storey detached house Total land size 23,813 sqft (approx) Total Built up 10,300 sqft (approx) All units are sold as a single title Zoning, Residential. Plot ratio 1.4 Shop houses apartments within Conservation
      164 words
    • 74 27 Overview of the residential property market in Australia s^^ With highlights on extraordinary investment opportunities wfr amid the current economic climate BT V.**® Darien Bradshaw, Regional Director, International Properties of t V. t, Colliers International will provide an overview of the current Australian property market. r Steve Douglas, Managing Director
      74 words

  • Page 28 Advertisements
    • 1159 28 WmTlj IyJJJ] niu %J ffillllfilTOffll ZapCode W I A 1 fl L fills-* HOW TO ZAP: Download software by SMS-ing the word "zap" HH||H^nf^^|pHHp^^HVH i,_]j^_^ y Hlv_r Zap the colour code found in the Savills advertisement. {'X\ [fl If^l'J »f^l* KYIM j j l^r*l H-1 ll 11 M I _^^^^fl
      1,159 words